Document:

Exhibit 4.3

THIS NOTE IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITORY (AS DEFINED IN THE INDENTURE) OR A NOMINEE THEREOF.  THIS NOTE IS EXCHANGEABLE FOR NOTES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITORY OR ITS NOMINEE ONLY IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE AND, UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR NOTES IN DEFINITIVE FORM, THIS NOTE MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITORY TO A NOMINEE OF THE DEPOSITORY, OR BY A NOMINEE OF THE DEPOSITORY TO THE DEPOSITORY OR ANOTHER NOMINEE OF THE DEPOSITORY, OR BY THE DEPOSITORY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITORY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITORY.

UNLESS THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO THE COMPANY (AS DEFINED BELOW) OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY NOTE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

CUSIP NO.  26780T AA5

ISIN NO.  US26780TAA51

DYNAGAS LNG PARTNERS LP

 DYNAGAS FINANCE INC.

6.25% SENIOR NOTES DUE 2019

$250,000,000 No. 1:

DYNAGAS LNG PARTNERS LP, a limited partnership duly organized and existing under the laws of the Republic of The Marshall Islands (the "Partnership"), and DYNAGAS FINANCE INC., a corporation duly organized and existing under the laws of the Republic of the Marshall Islands (the "Co-Issuer" and, together with the Partnership, the "Issuers"; each of which terms includes any successor entity under the Indenture referred to below), for value received, hereby jointly and severally promise to pay to Cede & Co., or registered assigns, the principal sum set forth on Schedule I annexed hereto on October 30, 2019, and to pay interest thereon from September 15, 2014 or from the most recent Interest Payment Date to which interest has been paid or duly provided for, quarterly on January 30, April 30, July 30 and October 30 in each year, commencing October 30, 2014, at the rate of 6.25% per annum, until the principal hereof is paid or made available for payment.  Interest on this Note shall be computed on the basis of a 360-day year of twelve 30-day months.  If any Interest Payment Date or the Maturity Date falls on a day that is not a Business Day, the required payment shall be made on the next Business Day as if it were made on the date such payment was due and no interest shall accrue on the amount so payable for the period from and after such Interest Payment Date or the Maturity Date, as the case may be, to such next Business Day.  The interest so payable and punctually paid or duly provided for on any Interest Payment Date will, as provided in the Indenture, be paid to the Person in whose name this Note (or one or more predecessor Notes) is registered at the close of business on the Record Date for such interest, which shall be January 15, April 15, July 15 or October 15 (whether or not a Business Day), as the case may be, next preceding such Interest Payment Date.  Any such interest which is payable but not punctually paid or duly provided for on any Interest Payment Date shall forthwith cease to be payable to the registered Holder hereof on the relevant Record Date by virtue or having been such Holder, and may be paid to the Person in whose name this Note (or one or more predecessor Notes) is registered at the close of business on a subsequent special record date (which shall be at least 10 days before the payment date) for the payment of such defaulted interest to be fixed by the Partnership, notice whereof shall be given to the Holders of Notes of this series not less than 10 days prior to such Special Record Date, or may be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Notes may be listed, and upon such notice as may be required by such exchange, all as more fully provided in the Indenture.

Page 1

Payment of the principal of and interest on this Note (including, without limitation, any purchase price relating to a Change of Control) will be made at the office or agency of the Partnership maintained for that purpose in The Borough of Manhattan, The City of New York, in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts; provided, however, that, at the option of the Partnership, interest may be paid by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register; provided, further, that payment to DTC or any successor depository may be made by wire transfer to the account designated by DTC or such successor depository in writing.

This Note is one of a duly authorized issue of securities of the Issuers designated as its 6.25% Senior Notes due 2019 (herein called the "Notes"), issued and to be issued in one or more series under an Indenture, dated as of September 15, 2014 (the "Base Indenture"), between the Issuers and Deutsche Bank Trust Company Americas, as Trustee (herein called the "Trustee", which term includes any successor trustee under the Indenture), as supplemented by the First Supplemental Indenture, dated September 15, 2014, between the Issuers and the Trustee (the "First Supplemental Indenture" and, together with the Base Indenture, the "Indenture"), to which Indenture and all indentures supplemental thereto reference is hereby made for a statement of the respective rights, limitations of rights, duties and immunities thereunder of the Issuers, the Trustee and the Holders of the Notes, and of the terms upon which the Notes are, and are to be, authenticated and delivered.  This Note is one of the series designated on the face hereof, initially limited (subject to exceptions provided in the Indenture) to the aggregate principal amount of $250,000,000.

If an Event of Default with respect to the Notes shall occur and be continuing, the principal of the Notes may be declared due and payable in the manner and with the effect provided in the Indenture.

The Notes may not be redeemed prior to the Stated Maturity, except as described in Section 3.01 of the First Supplemental Indenture.  The Notes are not subject to any sinking fund.

Upon the occurrence of a Change of Control, each Holder of Notes will have the right to require the Issuers to purchase all or a portion of such Holder's Notes at a purchase price equal to 101% of the principal amount thereof plus accrued and unpaid interest, if any, to but excluding the date of purchase.

The Indenture contains provisions permitting, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of the Issuers and the rights of the Holders of the Notes of each series issued under the Indenture at any time by the Issuers and the Trustee with the written consent of the Holders of not less than a majority in aggregate principal amount of the Notes at the time Outstanding of each series affected thereby.  The Indenture also contains provisions permitting the Holders of specified percentages in aggregate principal amount of the Notes of any series at the time Outstanding, on behalf of the Holders of all Notes of such series, to waive compliance by the Issuers with certain provisions of the Indenture and certain past defaults under the Indenture and their consequences.  Any such consent or waiver by the Holder of this Note shall be conclusive and binding upon such Holder and upon all future Holders of this Note and of any Notes issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this Note.

No reference herein to the Indenture and no provision of this Note or of the Indenture shall alter or impair the obligation of the Issuers, which is absolute and unconditional, to pay the principal of and interest on this Note, at the times, place and rate, and in the coin or currency, herein and in the Indenture prescribed.

As provided in the Indenture and subject to certain limitations set forth therein and in this Note, the transfer of this Note may be registered on the Security Register upon surrender of this Note for registration of transfer at the office or agency of the Partnership maintained for that purpose in any place where the principal of and interest on this Note are payable, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Partnership and the Security Registrar duly executed by, the Holder hereof or by his attorney duly authorized in writing, and thereupon one or more new Notes of this series and of like tenor, of authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees.

The Notes are issuable only in registered form in the denominations of $1,000 or any integral multiple thereof.  As provided in the Indenture and subject to certain limitations set forth in the Indenture, and in this Note, the Notes are exchangeable for a like aggregate principal amount of Notes of this series in different authorized denominations, as requested by the Holders surrendering the same.

No service charge shall be made for any such registration of transfer or exchange, but the Partnership may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith, other than in certain cases provided in the Indenture.

Page 2

Prior to due presentment of this Note for registration of transfer, the Issuers, the Trustee and any agent of the Issuers or the Trustee may treat the Person in whose name this Note is registered as the owner hereof for all purposes, whether or not this Note be overdue, and neither the Issuers, the Trustee nor any such agent shall be affected by notice to the contrary.

The Indenture contains provisions whereby (i) the Issuers may be discharged from their obligations with respect to the Notes (subject to certain exceptions) or (ii) the Issuers may be released from their obligations under specified covenants and agreements in the Indenture, in each case if the Issuers irrevocably deposit with the Trustee money or Government Obligations, or a combination thereof, in an amount sufficient, without consideration of any reinvestment, to pay and discharge the entire indebtedness on all Notes of this series, and satisfies certain other conditions, all as more fully provided in the Indenture.

This Note shall be governed by and construed in accordance with the laws of the State of New York applicable to agreements made or instruments entered into and, in each case, performed in said State.

All terms used in this Note without definition that are defined in the Indenture shall have the meanings assigned to them in the Indenture.

[Remainder of Page Intentionally Left Blank]

Page 3

Unless the Certificate of Authentication hereon has been executed by or on behalf of the Trustee under the Indenture by the manual signature of on of its authorized officers, this Security shall not be entitled to any benefits under the Indenture or be valid or obligatory for any purpose.

IN WITNESS WHEREOF, the Issuers have caused this instrument to be duly executed.

	 	
DYNAGAS LNG PARTNERS LP

	 	 	 
	 	 	 
	 	
By:

	
/s/ Michael Gregos

	 	 	
Name: Michael Gregos

	 	 	
Title: Chief Financial Officer

	 	 	 
	 	 	 
	 	
DYNAGAS FINANCE INC.

	 	 	 
	 	
By:

	
/s/ Michael Gregos

	 	 	
Name: Michael Gregos

	
Attest:

	 	
Title: Authorize Signatory

CERTIFICATE OF AUTHENTICATION

This is one of the Securities of the series designated therein referred to in the within-mentioned Indenture.

	 	
DEUTSCHE BANK TRUST COMPANY AMERICAS,

	 	
as Trustee

	 	 	 
	

 Dated: September 15, 2014

	
By: DEUTSCHE BANK NATIONAL TRUST COMPANY

	 	 	 
	 	 	 
	 	
By:

	
/s/ Wanda Camacho

	 	 	
Name: Wanda Camacho

	 	 	
Title: Authorized Officer

	 	 	 
	 	
By:

	
/s/ Annie Jaghatspanyan

	 	 	
Name: Annie Jaghatspanyan

	 	 	
Title: Authorized Officer

[Signature Page to 6.25% Senior Note Due 2019]

Page 4

ASSIGNMENT FORM

FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto

PLEASE INSERT SOCIAL SECURITY OR

 OTHER IDENTIFYING NUMBER OF ASSIGNEE

	
PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS INCLUDING POSTAL ZIP CODE OF ASSIGNEE

	
 

 

	 
	
 

 

	 
	
 

 

	 

 

the within Security and all rights thereunder, hereby irrevocably constituting and appointing attorney to transfer said Security on the books of the Issuers, with full power of substitution in the premises.

	
Dated:

	 	 

	
Signature:

	 	 

	NOTICE:	THE SIGNATURE TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME AS WRITTEN UPON THE FACE OF THE WITHIN INSTRUMENT IN EVERY PARTICULAR, WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATEVER.

Signature Guarantee:

SIGNATURE GUARANTEE

Signatures must be guaranteed by an "eligible guarantor institution" meeting the requirements of the Registrar, which requirements include membership or participation in the Security Transfer Agent Medallion Program ("STAMP") or such other "signature guarantee program" as may be determined by the Registrar in addition to, or in substitution for, STAMP, all in accordance with the Securities Exchange Act of 1934, as amended.

Page 5

OPTION OF HOLDER TO ELECT PURCHASE

If you want to elect to have this Note purchased by the Issuers pursuant to Section 4.01 of the First Supplemental Indenture, check the box:

☐

If you want to elect to have only part of this Note purchased by the Issuers pursuant to Section 4.01 of the First Supplemental Indenture, state the amount in principal amount:  $

	
Dated:

	 	 	
Your Signature:

		 
	 				
(Sign exactly as your name appears on the other side of this Note.)

 

 

	 Signature Guarantee:	 	 	
 

	  (Signature must be guaranteed)   

 

Signatures must be guaranteed by an "eligible guarantor institution" meeting the requirements of the Registrar, which requirements include membership or participation in the Security Transfer Agent Medallion Program ("STAMP") or such other "signature guarantee program" as may be determined by the Registrar in addition to, or in substitution for, STAMP, all in accordance with the Securities Exchange Act of 1934, as amended.

Page 6

Schedule I

SCHEDULE OF TRANSFERS AND EXCHANGES

The initial principal amount of this Global Security is $250,000,000 (TWO HUNDRED FIFTY MILLION DOLLARS).  The following increases or decreases in principal amount of this Global Security have been made:

	
Date of Exchange

	
Amount of 

Decrease in 

Principal Amount 

of this Global 

 Security

	
Amount of 

Increase in 

Principal Amount 

of this Global 

 Security

	
Principal Amount 

of this Global 

Security following 

such Decrease or 

 Increase

	
Signature of 

Authorized 

Signatory of 

Trustee or 

 Custodian

	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

 

Page 7EX-10.1

 Exhibit 10.1 

TRANSITION AGREEMENT 

This TRANSITION AGREEMENT (the “Agreement”) is entered into by and between Jacobs Engineering Group Inc. and its affiliates
and subsidiaries (the “Company”), and Craig Martin (“Executive”), and shall be effective on the date last signed by the parties, as indicated below. 

WHEREAS, Executive has been employed by the Company, as President, Chief Executive Officer and Director; 

WHEREAS, Executive has resigned his position as President and Chief Executive Officer and as a Director of the Company effective as of the
close of business on December 26, 2014 (the “Transition Date”) but not as an employee of the Company; 
 WHEREAS,
Executive and the Company desire to provide for a smooth and effective transition of executive leadership within the Company and to transition customer relationships efficiently and to best effect; 

WHEREAS, Executive and the Company wish to set forth terms and conditions of his transition from the Company, along with related rights and
obligations of the parties; and 
 WHEREAS, Executive and the Company wish to resolve all matters related to Executive’s employment
with the Company, on the terms and conditions expressed in this Agreement. 
 NOW THEREFORE, in consideration of the mutual promises
contained herein, the parties, intending to be legally bound, agree as follows: 
  

	1.	Transition Period. 

 1.1 Resignation as President, Chief Executive Officer and
Director. In connection with his resignation as President and Chief Executive Officer and as a Director of the Company, it is understood that Executive shall also resign from all other officer and director positions that Executive may hold as an
officer and/or director of the Company or any of its subsidiaries or affiliates. 
 1.2 Transition Period. During the period
commencing on the Transition Date and ending on December 26, 2015 (the “Completion Date” and such period, the “Transition Period”), Executive shall continue as a full-time, non-executive, non-officer employee
of the Company with the title of Senior Advisor, reporting to the Chief Executive Officer of the Company or, to the Chairman of the Board, if the Chief Executive Officer position is then vacant. Executive’s employment with the Company shall
cease effective as of the close of business on the Completion Date. 
  

	2.	Payments; Benefits. 

 2.1 Compensation Prior to Completion Date. The Company
shall continue to pay Executive his regular annual base salary of $1.25 million during the Transition Period, which 

 
shall be payable in accordance with the Company’s regular payroll practices and subject to applicable withholding. Other than specifically set forth in this Agreement, such base salary, and
paid vacation accruals in accordance with Company policy, shall be Executive’s sole cash compensation during the Transition Period. During the Transition Period, Executive shall continue to participate in the non-cash employee benefit plans,
policies, and arrangements available to non-executive corporate headquarters employees generally; provided that he shall not be eligible to receive any equity-based compensation awards. 

2.2 Accrued Rights. As soon as practicable after the Completion Date, Executive shall receive a payment equal to Executive’s
accrued but unpaid salary through the Completion Date. Following the Completion Date, Executive shall also be entitled to any amount arising from Executive’s participation in, or benefits under, any employee benefit plans, programs or
arrangements, which amounts shall be payable in accordance with the terms and conditions of such employee benefit plans, programs or arrangements and applicable law. 

2.3 Separation Pay and Benefits. Notwithstanding Executive’s separation with the Company and conditioned upon Executive’s
nonrevocation of, and compliance with, this Agreement, including the releases that form a material part of this Agreement, the Company shall provide Executive with the following: 

(a) a cash payment equal to $485,754, representing the unpaid portion of the performance bonuses previously earned by Executive in respect of
performance during fiscal year 2013, which shall be paid by the Company at such time as such unpaid portion would be payable to senior executives of the Company generally; 

(b) a pro rata bonus with respect to fiscal year 2015 in an amount equal to the product of (i) the full-year bonus Executive would have
received with respect to fiscal year 2015 based on actual performance had Executive been employed as President and Chief Executive Officer of the Company through the end of fiscal year 2015, multiplied by (ii) 25%, payable at such time as
fiscal year 2015 bonuses would be payable to senior executives of the Company generally; 
 (c) notwithstanding the terms of any award
agreement to the contrary, accelerated vesting as of the end of the revocation period set forth in Section 5 of the performance share unit awards granted to Executive under the Company’s equity incentive plans on May 23, 2013 and
May 24, 2014, with such awards vesting as to the target number of shares, without proration (it being understood that the performance share unit award that was granted to Executive on May 24, 2012 and the restricted stock unit award that
was granted to Executive on May 27, 2010 shall remain outstanding and continue to vest in accordance with their respective terms); 

(d) all stock option awards granted to Executive under the Company’s equity incentive plans (i) that are outstanding but unvested as
of the Completion Date shall be forfeited as of the Completion Date, and (ii) that are outstanding and vested as of the Completion Date shall be treated in accordance with their respective terms; and 

  
 2 

 (e) Company-paid board placement services in an aggregate amount not to exceed $150,000. 

2.4 Expenses. The Company agrees to reimburse Executive for all reasonable and necessary out-of-pocket business-related expenses he
incurs at the request of the Company in accordance with Company policy; provided that Executive shall submit reasonable documentation of such expenses in accordance with such policy. 

2.5 Vacation Time. Not later than 30 days following the Completion Date, the Company shall pay to Executive the balance of
Executive’s accrued and unused vacation time as of the Completion Date. Any payments made to Executive pursuant to this Agreement shall be made in accordance with all applicable withholding deductions, and shall be payable in accordance with
the Company’s standard payroll practice. 
 2.6 No Other Benefits. Except as provided in this Agreement, Executive shall not be
entitled to receive any other payment, benefit or other form of compensation as a result of his employment or his departure therefrom. Specifically, Executive shall not be eligible for severance benefits under any plan, program or arrangement
sponsored or funded by the Company, and he hereby waives his right, if any, to such benefit(s). Further, Executive agrees that, in connection with any appointments on management and supervisory boards for any affiliates or subsidiaries of the
Company, and for any tasks performed in connection therewith, Executive shall not be entitled to any further remuneration and/or any other benefits. 
 3.
Release of Claims. Except for those obligations of the Company under this Agreement, Executive, on behalf of Executive and Executive’s dependents, successors, heirs, assigns, agents and executors, hereby releases and discharges and
covenants not to sue, to the maximum extent permitted by law, the Company and its predecessors, successors, subsidiaries, parents, branches, divisions and other affiliates, and each of their current and former directors, officers, employees,
shareholders, representatives, attorneys, successors and assignees, past and present, and each of them (individually and collectively, “Releasees”), from and with respect to any and all claims, wages, agreements, obligations,
demands and causes of action, known or unknown, suspected or unsuspected, concealed or hidden (collectively, “Claims”), of any kind whatsoever, including, without limitation, any Claims arising out of or in any way connected with
Executive’s employment relationship with or separation from, the Company; any Claims for severance pay, bonus or similar benefit, sick leave, pension, retirement, vacation pay, life insurance, health or medical insurance or any other fringe
benefit, any benefits arising from any ERISA benefit plan, workers’ compensation or disability; and any other Claims resulting from any act or omission by or on the part of Releasees committed or omitted prior to the Transition Date, including
by way of example only, any Claims under Title VII of the Civil Rights Act of 1964, the Americans with Disabilities Act, the Age Discrimination in Employment Act, as amended by the Older Workers Benefit Protection Act, and the rules and regulations
promulgated thereunder, the Family and Medical Leave Act, the California Fair Employment and Housing Act, or any other federal, state or local law, regulation or ordinance. This release does not prevent Executive from filing a charge with or
participating in an investigation by a governmental administrative agency; provided, however, that Executive waives any right to receive any monetary award resulting 

  
 3 

 
from such a charge or investigation, including, without limitation, interest, penalties, fines, and attorneys’ fees. 

4. California Civil Code Section 1542. The Executive’s release of Claims set forth in this Agreement is intended to be effective as a bar to
all Claims as stated therein, whether known or unknown. Accordingly, Executive hereby expressly waives any rights and benefits, including those which Executive does not know or suspect to exist in Executive’s favor at the time of executing this
release, which if known by Executive might have materially affected Executive’s decision to enter into this Agreement with the Company. Executive expressly waives Executive’s rights under Section 1542 of the California Civil Code
which provides as follows: 
 “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS 

WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT 

TO EXIST IN HIS OR HER FAVOR AT THE TIME OF 

EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM 

OR HER MUST HAVE MATERIALLY AFFECTED HIS OR 

HER SETTLEMENT WITH THE DEBTOR.” 
 5.
Revocation Period. This Agreement is enforceable when both parties have signed the Agreement. The parties understand and acknowledge that Executive has seven calendar days following his execution of this Agreement to revoke his acceptance.
For revocation to be effective, notice of revocation must be received by the Company no later than 5:00 p.m. on the seventh calendar day after Executive signs the Agreement. If Executive revokes this Agreement, it shall not be effective or
enforceable, and neither party will be deemed to have released the other or to have waived any rights with respect to the matters addressed in this Agreement. 

6. Time to Review Agreement; Advice of Counsel. Executive acknowledges that he was offered at least 21 days to review, consider and negotiate the
provisions of this Agreement prior to execution (“Review Period”). However, in the event that Executive executes this Agreement prior to the expiration of the Review Period, Executive knowingly and voluntarily waives all rights to
any further time for review remaining in the Review Period. Executive is advised to consult with an attorney before signing this Agreement and acknowledges that he has been afforded an opportunity for counsel of his choosing to read and review it;
that he has had the provisions fully explained to him by his counsel; and that he is signing this Agreement freely, voluntarily and with full knowledge of its terms and consequences. 

7. Confidential Information. Executive shall hold in a fiduciary capacity for the benefit of the Company and its stockholders all secret, confidential,
and proprietary information, knowledge, and data relating to the Company (and any of its subsidiaries or affiliates), obtained by Executive during his employment. Other than as is necessary in the business of the Company, during the Transition
Period and after the expiration or termination of the this Agreement, Executive shall not directly or indirectly, without the prior written consent of the Company or except as may be required by law, communicate or divulge any such information to
any person or entity. 
 8. Return of Company Property. On or before the Completion Date, Executive agrees that he will return to Company:
(i) all documents, records, procedures, books, notebooks and other 

  
 4 

 
documentation in any form whatsoever, including but not limited to written, audio, video or electronic, containing any information pertaining to the Company that includes confidential information
and/or trade secrets, including any and all copies of such documentation then in Executive’s possession or control, regardless of whether such documentation was prepared or compiled by Executive, the Company, other employees of the Company or
its representatives, agents or independent contractors; and (ii) all equipment or tangible personal property entrusted to Executive by the Company. 
  

	9.	Restrictive Covenants. 

 9.1 Noncompetition. Executive agrees that, while
employed by the Company, Executive shall not, directly or indirectly, whether as owner, partner, investor, consultant, agent, employee, co-venturer or otherwise, compete with the Company or any subsidiary of the Company (collectively, the
“Company Group”) within any state, province or region in any country in which the Company Group conducts business, or take any actions with respect to an existing or planned business competitive with the Company
Group. Specifically, but without limiting the foregoing, while Executive is employed by the Company, Executive agrees not to engage in any manner in any activity that is directly or indirectly competitive with the business of the Company Group
as conducted from time to time or that otherwise provides services similar to the services provided to clients or, to Executive’s knowledge, otherwise under consideration by the Company Group, and further agrees not to work or provide services,
in any capacity, whether as an employee, independent contractor or otherwise, whether with or without compensation, to any person or entity who is engaged in any business that is competitive with the business of the Company Group as conducted or, to
Executive’s knowledge, under consideration from time to time or otherwise provides services similar to the services provided to clients by the Company Group or, to Executive’s knowledge, otherwise under consideration. The foregoing,
however, shall not prevent Executive’s passive ownership of up to two percent (2%) or less of the equity securities of any publicly traded company. 

9.2 Nonsolicitation. Executive agrees and warrants that he will not, during the Transition Period and for a period of two years
following the Completion Date, either directly or indirectly, for himself or on behalf of any third party, solicit, induce, recruit, or otherwise cause, a person in the employ of the Company to terminate his or her employment with the Company. 

9.3 Nondisparagement. Executive agrees that he will not in any way disparage the Company, including current or former officers,
directors, agents and/or employees of the Company, nor will Executive make or solicit any comments, statements or the like to the media or to others, that may be considered to be derogatory or detrimental to the good name or business reputation of
the Company. The Company agrees that it, its officers and Directors, will not in any way disparage Executive, nor make or solicit any comments, statements or the like to the media or to others, that may be considered to be derogatory or detrimental
to the good name or reputation of Executive. 
 10. Entire Agreement; Assignment. This Agreement constitutes the entire agreement between the parties
with respect to the subject matter hereof and supersedes all prior agreements between the parties with respect to such matters, unless specifically provided otherwise herein. 

  
 5 

 
This Agreement may be modified or amended only with the written consent of both parties. This Agreement is for Executive’s personal services and he may not assign, transfer, or delegate any
duty or obligation to perform such services. Any such attempted assignment shall be null and void. 
 11. Waiver. Neither the failure nor any delay
on the part of either party to exercise any right, remedy, power, or privilege under this Agreement shall operate as a waiver thereof. 
 12. Notice.
All notices required by this Agreement must be in writing and must be delivered or mailed to the addresses given below or such other addresses as the parties may designate in writing. 

If to the Company: 
 Jacobs
Engineering Group, Inc. 
 155 North Lake Avenue 

Pasadena, California 91101 

Attention: General Counsel 
 If to
Executive: 
 at the address last appearing for Executive on the Company’s 

records 
 13. Counterparts. This Agreement
may be executed in counterparts, each of which shall be deemed an original, and all of which, taken together, shall constitute one and the same instrument. This Agreement may be executed and delivered by exchange of facsimile copies showing the
signatures of the parties, and those signatures need not be affixed to the same copy. 
 14. Governing Law. The laws of the State of California
applicable to contracts made or to be wholly performed there (without giving effect to choice of law or conflict of law principles) shall govern the validity, construction, performance, and effect of this Agreement. 

15. Compliance with Section 409A. The Company intends this Agreement to comply with the requirements of Section 409A of the Internal Revenue
Code of 1986, as amended (the “Code”), or an exception thereto, but it does not warrant or guarantee such compliance. The terms of this Agreement shall be interpreted, to the fullest extent possible, to comply with Section 409A
of the Code or an exception thereto. Under no circumstances may the time or schedule of any payment made or benefit provided pursuant to this Agreement be accelerated or subject to a further deferral except as permitted or required pursuant to
regulations and other guidance issued pursuant to Section 409A of the Code. Executive shall not have any right to make any election regarding the time or form of any payment due under the terms of this Agreement. Further, Executive shall remain
solely responsible for any adverse tax consequences imposed upon him by Section 409A of the Code, if any. 

  
 6 

 IN WITNESS WHEREOF, the parties have executed this Agreement as of the dates indicated below.

  

					
	JACOBS ENGINEERING GROUP, INC.
		
	By:	 	/s/ Noel G. Watson
		 	Name:	 	Noel G. Watson
		 	Title:	 	Executive Chairman of the Board
		 		 	
		 	Date:	 	December 19, 2014

  

			
	EXECUTIVE
	
	 /s/ Craig Martin

	Craig Martin
	Date:	 	December 19, 2014

  
 7

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