Document:

exv10w4

 

Exhibit 10.4

RFMD NC INVENTIONS, CONFIDENTIALITY, AND

NON-SOLICITATION AGREEMENT

          THIS INVENTIONS, CONFIDENTIALITY, AND NONSOLICITATION
AGREEMENT (this “Agreement”), entered into effective the       day of                      2007, is
by and between RF Micro Devices, Inc., a North Carolina corporation (hereafter referred to as
“Employer”), and the undersigned individual (hereafter referred to as “Employee”).

RECITALS

          WHEREAS, Employee has been offered employment by Employer as an employee at will to assist
Employer in its business; and

          WHEREAS, Employee acknowledges that the markets for Employer’s products are highly competitive
on both a national and international basis, and to protect the business advantage of Employer,
Employee has agreed to govern Employee’s conduct in accordance with the terms of this Agreement;
and

          WHEREAS, the execution of this Agreement is a condition to the offer of employment made by
Employer to Employee;

          NOW, THEREFORE, in consideration of the employment of Employee by Employer, the mutual
covenants and agreements herein contained and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties hereto do hereby agree as
follows:

          1. Confidentiality.

               (a) Nondisclosure of Proprietary Information. Employee recognizes that Proprietary
Information (as hereinafter defined) that has been created by, discovered by, developed by or
otherwise become known to Employer has a commercial value in Employer’s business. “Proprietary
Information” is information used in the design, development, manufacture or assembly of Employer’s
products or which would be useful to anyone competing or proposing to compete with Employer
including, but not limited to, all inventions, invention records, processes, ideas, data, computer
programs, developments, designs, test results, models, simulations, semiconductor mask layout
drawings, engineering records and reports, production drawings, engineering drawings, board layout
drawings, raw material specifications and lists, product specifications, marketing plans, business
plans, customer lists, budgets, product prices, financial projections, financial statements, new
product plans and other information owned by Employer which is not public information.
“Proprietary Information” also includes similar information to which Employee is provided access
in the course of his or her employment that is owned by customers, suppliers, licensors and other
third parties doing business with Employer which was disclosed to Employer subject to restrictions
on use or further disclosure. At all times, both during the period of the employment by Employer
and after termination of that employment for any reason, Employee agrees to keep in the strictest
confidence and trust all Proprietary Information, and Employee will not use any Proprietary
Information or disclose any Proprietary Information to any person without the prior express
written consent of Employer, except as may be necessary in the ordinary course of performing
Employee’s duties for Employer.

               (b) Nondisclosure of Third-Party Information. Employee agrees not to use or disclose
to Employer, or assist in the disclosure to Employer of, confidential information belonging to any
third parties, including any prior employers of Employee. If Employee knows or suspects that any
third-party’s confidential information or trade secrets is being used or disclosed to Employer,
Employee should immediately report such conduct to his or her supervisor or to Employer’s Human
Resources department.

Initial REK

 

 

               (c) Return of Documents and Property. Upon the termination of Employee’s access
to Employer’s Proprietary Information for any reason, or upon the termination of the employment of
Employee for any reason, Employee will return to Employer all records, apparatus, equipment and
other physical property, whether or not pertaining to Proprietary Information, and all documents,
notes, drawings, specifications, computer programs, data and other materials in any written,
machine-readable or other tangible form and all copies of such materials containing or relating to
any Proprietary Information that Employee may have in his or her possession or control, whether
kept at the place of employment, at Employee’s personal residence or otherwise.

          2. Inventions are Property of Employer. Employee agrees that all ideas,
discoveries, developments, designs, improvements, inventions, formulae, processes, techniques,
programs, know-how, data, brand or product identifications (whether or not used by Employer as
trademarks) or other information of possible technical or commercial importance relating to
Employer’s business (“Inventions”) made or conceived or reduced to practice or learned by Employee
alone or with others, during Employee’s access to Employer’s Proprietary Information or during the
employment of Employee by Employer, shall be the sole property of Employer. During Employee’s
employment with Employer, Employee will promptly report to Employer all Inventions made or
conceived or reduced to practice or learned, solely or jointly with others, for the purpose of
permitting Employer to ascertain and to perfect its rights in such Inventions. Employer shall be
the sole owner of all Inventions and all patents, copyrights, trademarks, trade secrets and other
proprietary rights arising from such Inventions. Employee agrees to assign and does hereby assign
to Employer all Inventions that are made or conceived or reduced to practice or learned by
Employee alone, or with others, during Employee’s employment. Employee agrees to assist Employer
in every necessary way to obtain or enforce any patents, copyrights or any proprietary rights
relating to the Inventions and to execute all documents and applications necessary to vest in
Employer full legal title in such Inventions, and Employee agrees to continue this assistance
after the termination of his or her employment with Employer. Furthermore, Employee hereby
designates and appoints Employer and its duly authorized officers and agents as his or her agents
and attorneys-in-fact to execute and file any certificates, applications or documents and to do
all other lawful acts necessary to protect Employer’s rights in the Inventions. Employee expressly
acknowledges that the foregoing power of attorney is coupled with an interest and is therefore
irrevocable and shall survive Employee’s termination, death or incompetency.

          3. Prohibition Against Solicitation. In recognition that Employee’s services
rendered to Employer are of a special and unusual character which have a unique value to Employer,
loss of which cannot adequately be compensated by damages in any action at law; in view of the
unique value to Employer of the services of Employee and the Proprietary Information to be
obtained by or disclosed to Employee as an employee of Employer; and as a material inducement to
Employer to employ Employee, Employee covenants and agrees that from the date hereof until the one
year anniversary following the termination of Employee’s employment with Employer for any reason
(the “Restricted Period”), Employee will not, directly or indirectly, on behalf of any person,
firm, partnership, corporation, association or entity:

               (a) Call upon any of the customers of Employer who are such at the time of
Employee’s termination for the purpose of soliciting or providing customers to any
Competitive Business
(as hereinafter defined); or

               (b) Call upon any of the other employees, consultants or representatives of
Employer who are such at the time of Employee’s termination or at any time during the
Restricted Period
for the purpose of soliciting or inducing or encouraging such employees, consultants or
representatives to
discontinue their relationship with Employer to establish a relationship with Employee or with
any
Competitive Business.

Initial REK

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For purposes of this Agreement, “Competitive Business” means the business of
designing, developing, manufacturing, assembling or marketing radio frequency integrated
circuit devices.

          4. Accounting for Profits. If Employee violates any of Employee’s covenants or
agreements under this Agreement, Employer shall be entitled to an accounting and repayment
of all profits, compensation, commissions, remuneration or benefits that Employee directly
or indirectly has realized and may realize as a result of, growing out of or in connection
with any such violation; such remedy shall be in addition to and not in limitation of any
injunctive relief or other rights or remedies that Employer is or may be entitled at law,
in equity or under this Agreement.

          5. Reasonableness of Restrictions. Employee has carefully read and considered
the provisions of this Agreement and, having done so, agrees that the restrictions set
forth in this Agreement (including, but not limited to, the time period restriction set
forth in Section 3) are fair and reasonable and are reasonably required for the protection
of the interests of Employer, its shareholders, officers, directors and other employees.
Notwithstanding the foregoing, in the event any part of the covenants set forth in Section
3 shall be held to be invalid or unenforceable, the remaining parts thereof shall
nevertheless continue to be valid and enforceable as though the invalid or unenforceable
parts had not been included therein. In the event that any provision of Section 3 relating
to time period or territory shall be declared by a court of competent jurisdiction to
exceed the maximum time period or territory such court deems reasonable and enforceable,
said time period or territory shall be deemed to become and thereafter be the maximum time
period or territory that such court deems reasonable and enforceable.

          6. Miscellaneous.

               (a) Entire Agreement. This Agreement constitutes the entire agreement and
understanding between the parties hereto with the respect to the subject matter contained
herein, and supersedes and cancels any and all prior agreements between the parties hereto
relating to the subject matter. The parties hereto acknowledge that no promises, statements
or representations, other than those contained in this Agreement, have been made to induce
any party to enter into this Agreement. The parties hereto confirm that they have each read
this Agreement in its entirety, that they have had the opportunity to consult with legal
counsel, and that they understand the nature and effect of this Agreement. The recitals set
forth above are herein incorporated by reference.

               (b) Injunction. In the event of a breach or threatened breach by Employee of
the provisions of this Agreement, Employer shall, in addition to any other rights and
remedies available to it, at law or otherwise, be entitled to an injunction to be issued by
any court of competent jurisdiction enjoining and restraining Employee from committing any
violation or future violation of this Agreement and Employee hereby consents to the
issuance of such injunction.

               (c) Assignment. This Agreement is personal to Employee. Employee may not
assign or delegate any of Employee’s rights or obligations hereunder, and any attempted
assignment or delegation shall be null and void. The rights and obligations of Employer
hereunder shall inure to the benefit of and shall be binding upon its successors and
assigns.

               (d) Choice of Law. This Agreement shall be subject to and governed by the laws
of the State of North Carolina, without regard to the conflicts of law rules of such State.

               (e) Waiver. No term or condition of this Agreement shall be deemed to have
been waived, nor shall there be any estoppel against enforcement of any provision of this
Agreement, except by written instrument of the party charged with such waiver or estoppel.
No such written waiver shall be deemed a continuing waiver unless specifically stated
therein, and each such waiver shall operate only as to the specific term and condition
waived and shall not constitute a waiver of such terms or conditions for the future or as
to any act other than that specifically waived.

               (f) Amendment. This Agreement may not be modified except by an agreement in
writing executed by both of the parties hereto.

REK

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               (g) Severability. The provisions of this Agreement shall be severable
and
the invalidity or unenforceability of any provisions shall not affect the validity or
enforceability of any other provision.

          IN WITNESS WHEREOF, the parties have executed this Agreement as of the day and
year first above written.

	 	 	 	 	 
	 	RF MICRO DEVICES, INC.

 	 
	 	By:  	/s/ Ralph E. Knupp
 	 
	 	 	Name:  	Ralph E. Knupp 	 
	 	 	Title:  	VP, HR
 	 
	 
	 	EMPLOYEE 

 	 
	 	/s/ ROBERT VAN BUSKIRK
 	 
	 	(Signature) 	 
	 	ROBERT VAN BUSKIRK

(Printed Name) 	 
	 

Initial REK

4exv10w4

 

Exhibit 10.4

 

 

 

OMNIBUS AGREEMENT

AMONG

PIONEER SOUTHWEST ENERGY PARTNERS L.P.,

PIONEER NATURAL RESOURCES GP LLC,

PIONEER NATURAL RESOURCES COMPANY,

AND

PIONEER NATURAL RESOURCES USA, INC.

 

 

 

 

 

TABLE OF CONTENTS

	 	 	 	 	 	 	 
	ARTICLE I

	Definitions

	 
	 	 	 	 	 	 
	Section 1.1
	 	Definitions	 	 	1	 
	Section 1.2
	 	Construction	 	 	3	 
	 
	 	 	 	 	 	 
	ARTICLE II

	Geographic Limitations

	 
	 	 	 	 	 	 
	Section 2.1
	 	Geographic Limitations	 	 	3	 
	 
	 	 	 	 	 	 
	ARTICLE III

	VPP Obligation

	 
	 	 	 	 	 	 
	Section 3.1
	 	VPP Obligation	 	 	4	 
	 
	 	 	 	 	 	 
	ARTICLE IV

	Miscellaneous

	 
	 	 	 	 	 	 
	Section 4.1
	 	Choice of Law	 	 	4	 
	Section 4.2
	 	Notice	 	 	4	 
	Section 4.3
	 	Entire Agreement	 	 	4	 
	Section 4.4
	 	Further Action	 	 	4	 
	Section 4.5
	 	Binding Effect	 	 	5	 
	Section 4.6
	 	Creditors	 	 	5	 
	Section 4.7
	 	Termination	 	 	5	 
	Section 4.8
	 	Effect of Waiver or Consent	 	 	5	 
	Section 4.9
	 	Counterparts	 	 	5	 
	Section 4.10
	 	Invalidity of Provisions	 	 	5	 
	Section 4.11
	 	Amendment or Restatement	 	 	5	 
	Section 4.12
	 	Assignment; Third Party Beneficiaries	 	 	6	 
	Section 4.13
	 	Withholding or Granting of Consent	 	 	6	 
	Section 4.14
	 	Directly or Indirectly	 	 	6	 
	Section 4.15
	 	Laws and Regulations	 	 	6	 
	Section 4.16
	 	Negation of Rights of Limited Partners, Assignees and Third Parties	 	 	6	 
	Section 4.17
	 	No Recourse Against Officers or Directors	 	 	6	 
	Section 4.18
	 	Arbitration	 	 	6	 

 

 

OMNIBUS AGREEMENT

     THIS OMNIBUS AGREEMENT (“Agreement”) is entered into on, and effective as of, the First
Closing Date (as defined herein), and is by and among Pioneer Southwest Energy Partners L.P., a
Delaware limited partnership (the “Partnership”), Pioneer Natural Resources Company, a Delaware
corporation (“Pioneer”), Pioneer Natural Resources USA, Inc., a Delaware Corporation (“Pioneer
USA”), and Pioneer Natural Resources GP LLC, a Delaware limited liability company (the “General
Partner”). The above-named entities are sometimes referred to in this Agreement each as a “Party”
and collectively as the “Parties.”

     In consideration of the premises and the covenants, conditions, and agreements contained
herein, and for other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the Parties hereby agree as follows:

ARTICLE I

Definitions

     Section 1.1 Definitions.

          (a) Capitalized terms used herein but not defined shall have the meanings given them in the
Partnership Agreement.

          (b) As used in this Agreement, the following terms shall have the respective meanings set
forth below:

     “Affiliate” means, with respect to any Person, any other Person that directly or
indirectly through one or more intermediaries controls, is controlled by or is under common
control with the Person in question. As used herein, the term “control” means the
possession, direct or indirect, of the power to direct or cause the direction of the
management and policies of a Person, whether through ownership of Voting Securities, by
contract or otherwise.

     “Agreement” means this Omnibus Agreement, as it may be amended, modified or
supplemented from time to time in accordance with the terms hereof.

     “Area of Operations” means onshore Texas (excluding Armstrong, Carson, Collingsworth,
Dallam, Deaf Smith, Donley, Gray, Hansford, Hartley, Hemphill, Hutchinson, Lipscomb, Moore,
Ochiltree, Oldham, Potter, Randall, Roberts, Sherman and Wheeler counties located in the
Texas Panhandle) and the southeast region of New Mexico, comprising Chaves, Curry, De Baca,
Eddy, Lincoln, Lea, Otero and Roosevelt counties.

     “Cause” has the meaning given such term in the Partnership Agreement.

     “Change of Control” means, and shall be deemed to have occurred upon, one or more of
the following events: (i) any transaction resulting in the Partnership (or its

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successor or survivor by way of merger, consolidation, or some other transaction, or a
parent or subsidiary thereof) ceasing to be an Affiliate of Pioneer; (ii) the limited
partners of the Partnership approve, in one transaction or a series of transactions, a plan
of complete liquidation of the Partnership; (iii) the sale or other disposition by either
the General Partner or the Partnership of all or substantially all of its assets in one or
more transactions to any Person other than the General Partner or an Affiliate of the
General Partner; or (iv) a transaction resulting in a Person other than Pioneer or an
Affiliate of Pioneer being the general partner of the Partnership (or its successor or
survivor by way of merger, consolidation, or some other transaction, or a parent or
subsidiary thereof).

     “Closing Date” means the First Closing Date, and if the underwriters exercise their
over-allotment option and the closing of such over-allotment does not occur on the First
Closing Date, the Closing Date means the closing date of the over-allotment option.

     “Common Unit” has the meaning given such term in the Partnership Agreement.

     “Conflicts Committee” has the meaning given such term in the Partnership Agreement.

     “First Closing Date” means the date of the closing of the initial public offering of
Common Units.

     “General Partner” has the meaning given such term in the introduction to this
Agreement.

     “Partnership” has the meaning given such term in the introduction to this Agreement.

     “Partnership Agreement” means the First Amended and Restated Agreement of Limited
Partnership of the Partnership, dated as of the First Closing Date, as such agreement is in
effect on the First Closing Date, to which reference is hereby made for all purposes of this
Agreement. An amendment or modification to the Partnership Agreement subsequent to the First
Closing Date shall be given effect for the purposes of this Agreement only if it has
received the approval of the Conflicts Committee that would be required, if any, pursuant to
Section 4.11 hereof if such amendment or modification were an amendment or modification of
this Agreement.

     “Partnership Assets” means the oil and gas properties conveyed, contributed or
otherwise transferred or intended to be sold, conveyed, contributed or otherwise transferred
to any member of the Partnership Group.

     “Partnership Entities” means the General Partner and each member of the Partnership
Group.

     “Partnership Group” means the Partnership and any Subsidiary of the Partnership.

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     “Party” or “Parties” have the meaning given such terms in the introduction to this
Agreement.

     “Person” means an individual, corporation, partnership, joint venture, trust, limited
liability company, unincorporated organization or any other entity.

     “Pioneer” has the meaning given such term in the introduction to this Agreement.

     “Pioneer USA” has the meaning given such term in the introduction to this Agreement.

     “Pioneer Volumes” has the meaning given such term in Section 3.1.

     “Subsidiary” has the meaning given such term in the Partnership Agreement.

     “Voting Securities” means securities of any class of a Person entitling the holders
thereof to vote in the election of, or to appoint, members of the board of directors or
other similar governing body of the Person and, with respect to the Partnership, means
Common Units.

     “VPP” means a volumetric production payment agreement, pursuant to which Pioneer USA
sold 7.3 million barrels of oil equivalent of proved reserves in the Spraberry field, and
which requires the delivery by Pioneer USA of specified quantities of gas through December
of 2007 and specified quantities of oil through December 2010.

     Section 1.2 Construction. Unless the context requires otherwise: (a) any pronoun used in this
Agreement shall include the corresponding masculine, feminine or neuter forms, and the singular
form of nouns, pronouns and verbs shall include the plural and vice versa; (b) references to
Articles and Sections refer to Articles and Sections of this Agreement; (c) references to Exhibits
refer to the Exhibits attached to this Agreement, each of which is made a part hereof for all
purposes; (d) the terms “include,” “includes,” “including” and words of like import shall be deemed
to be followed by the words “without limitation”; (e) the terms “hereof,” “herein” and “hereunder”
refer to this Agreement as a whole and not to any particular provision of this Agreement; and (f)
references to money refer to legal currency of the United States of America. The table of contents
and headings contained in this Agreement are for reference purposes only, and shall not affect in
any way the meaning or interpretation of this Agreement.

ARTICLE II

Geographic Limitations

     Section 2.1 Geographic Limitations. At the First Closing Date, the operations of the
Partnership Group will be limited to the geographic area within the Area of Operations. If Pioneer
forms another master limited partnership, Pioneer will prohibit it from competing with the
Partnership Group in the Area of Operations.

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Omnibus Agreement

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ARTICLE III

VPP Obligation

     Section 3.1 VPP Obligation. Certain of the Partnership Assets are subject to the VPP and will
remain subject to the VPP after the Closing Date. The Parties agree that the obligations arising
under the VPP shall first be satisfied by the delivery of volumes produced from the interests and
properties of Pioneer USA (the “Pioneer Volumes”), prior to any delivery of volumes produced from
Partnership Assets. If the Pioneer Volumes are at any time insufficient to satisfy the obligations
under the VPP, volumes produced from Partnership Assets subject to the VPP shall be delivered in
satisfaction thereof, and Pioneer USA will make a cash payment to the Partnership Group equal to
the value of the volumes delivered pursuant to the VPP obligation as if the volumes were sold in
the ordinary course of business on the date delivered pursuant to the VPP.

ARTICLE IV

Miscellaneous

     Section 4.1 Choice of Law. This Agreement shall be subject to and governed by the laws of the
State of Texas, excluding any conflicts-of-law rule or principle that might refer the construction
or interpretation of this Agreement to the laws of another state.

     Section 4.2 Notice. All notices, requests or consents provided for or permitted to be given
pursuant to this Agreement must be in writing and must be given by depositing same in the United
States mail, addressed to the Person to be notified, postpaid, and registered or certified with
return receipt requested or by delivering such notice in person or by telecopier or telegram to
such Party. Notice given by personal delivery or mail shall be effective upon actual receipt.
Notice given by telegram or telecopier shall be effective upon actual receipt if received during
the recipient’s normal business hours, or at the beginning of the recipient’s next business day
after receipt if not received during the recipient’s normal business hours. All notices to be sent
to a Party pursuant to this Agreement shall be sent to or made at the address set forth below or at
such other address as such Party may stipulate to the other Parties in the manner provided in this
Section 4.2.

5205 N. O’Connor Blvd., Suite 200

Irving, Texas 75039

Phone: (972) 444-9001

Fax: (972) 969-3587

Attention: General Counsel

     Section 4.3 Entire Agreement. This Agreement constitutes the entire agreement of the Parties
relating to the matters contained herein, superseding all prior contracts or agreements, whether
oral or written, relating to the matters contained herein.

     Section 4.4 Further Action. In connection with this Agreement and all transactions
contemplated by this Agreement, each Party agrees to execute and deliver such additional documents
and instruments and to perform such additional acts as may be necessary or

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Omnibus Agreement

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appropriate to effectuate, carry out and perform all of the terms, provisions and conditions
of this Agreement and all such transactions.

     Section 4.5 Binding Effect. This Agreement shall be binding upon and inure to the benefit of
the Parties hereto and their heirs, executors, administrators, successors, legal representatives
and permitted assigns.

     Section 4.6 Creditors. None of the provisions of this Agreement shall be for the benefit of,
or shall be enforceable by, any creditor of the Partnership.

     Section 4.7 Termination. Notwithstanding any other provision of this Agreement, if the
General Partner is removed as general partner of the Partnership under circumstances where Cause
does not exist and Common Units held by the General Partner and its Affiliates are not voted in
favor of such removal, this Agreement may immediately thereupon be terminated by Pioneer USA.
Article II of this Agreement shall also terminate upon a Change of Control.

     Section 4.8 Effect of Waiver or Consent. No waiver or consent, express or implied, by any
Party to or of any breach or default by any Person in the performance by such Person of its
obligations hereunder shall be deemed or construed to be a consent or waiver to or of any other
breach or default in the performance by such Person of the same or any other obligations of such
Person hereunder. Failure on the part of a Party to complain of any act of any Person or to declare
any Person in default, irrespective of how long such failure continues, shall not constitute a
waiver by such Party of its rights hereunder until the applicable statute of limitations period has
run.

     Section 4.9 Counterparts. This Agreement may be executed in counterparts, all of which
together shall constitute an agreement binding on all the Parties hereto, notwithstanding that all
such Parties are not signatories to the original or the same counterpart. Each Party shall become
bound by this Agreement immediately upon affixing its signature hereto.

     Section 4.10 Invalidity of Provisions. If any provision of this Agreement or the application
thereof to any Person or circumstance shall be held invalid or unenforceable to any extent, the
remainder of this Agreement and the application of such provision to other Persons or circumstances
shall not be affected thereby and shall be enforced to the greatest extent permitted by law.

     Section 4.11 Amendment or Restatement. This Agreement may be amended or restated only by a
written instrument executed by each of the Parties; provided, however, that after the completion of
the Partnership’s initial public offering of Common Units, the Partnership may not, without the
prior approval of the Conflicts Committee or, if there is no such committee, the independent
members of such board of directors, agree to any amendment or modification of this Agreement that
the General Partner determines will adversely affect the holders of such Common Units. Without the
consent of any Party, Pioneer shall be entitled to amend this Agreement to delete Article II or to
amend the definition of “Area of Operations” in a manner that would expand the geographical scope
of such term.

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     Section 4.12 Assignment; Third Party Beneficiaries. No Party shall have the right to assign
its rights or obligations under this Agreement without the prior written consent of the other
Parties; provided, however, a merger shall not be deemed to be an assignment and a transfer of the
rights and an assumption of the obligations under this Agreement in connection with the transfer of
all or substantially all of the assets of a Party shall not be deemed an assignment of such rights
or obligations of such Party to this Agreement. Each of the Parties hereto specifically intends
that each entity comprising the Partnership Entities, as applicable, whether or not a Party to this
Agreement, shall be entitled to assert rights and remedies hereunder as third-party beneficiaries
hereto with respect to those provisions of this Agreement affording a right, benefit or privilege
to any such entity.

     Section 4.13 Withholding or Granting of Consent. Each Party may, with respect to any consent
or approval that it is entitled to grant pursuant to this Agreement, grant or withhold such consent
or approval in its sole and uncontrolled discretion, with or without cause, and subject to such
conditions as it shall deem appropriate.

     Section 4.14 Directly or Indirectly. Where any provision of this Agreement refers to action
to be taken by any Party, or which such Party is prohibited from taking, such provision shall be
applicable whether such action is taken directly or indirectly by such Party, including actions
taken by or on behalf of any Affiliate of such Party.

     Section 4.15 Laws and Regulations. Notwithstanding any provision of this Agreement to the
contrary, no Party shall be required to take any act, or fail to take any act, under this Agreement
if the effect thereof would be to cause such Party to be in violation of any applicable law,
statute, rule or regulation.

     Section 4.16 Negation of Rights of Limited Partners, Assignees and Third Parties. Except as
set forth in Section 4.12, the provisions of this Agreement are enforceable solely by the Parties,
and no limited partner, member, or assignee of the Partnership or other Person shall have the
right, separate and apart from the Partnership, to enforce any provision of this Agreement or to
compel any Party to comply with the terms of this Agreement.

     Section 4.17 No Recourse Against Officers or Directors. For the avoidance of doubt, the
provisions of this Agreement shall not give rise to any right of recourse against any officer or
director of any Partnership Entity.

     Section 4.18 Arbitration. Any claim, counterclaim, demand, cause of action, dispute, or any
other controversy arising out of or relating in any way to this Agreement or to the subject matter
of this Agreement or to any relationship created thereby (each a “Dispute”) shall be resolved by
binding arbitration. A Dispute must be resolved through arbitration regardless of whether the
Dispute involves claims that this Agreement is unlawful, unenforceable, void or voidable or
involves claims sounding in tort, contract, statute or common law. This Section 4.18 shall be
binding on and shall inure to the benefit of the Parties and their Affiliates and the Partnership
Entities. The validity, construction and interpretation of this agreement to arbitrate, and all
other procedural aspects of the arbitration conducted pursuant hereto, shall be decided by the
arbitral tribunal. Any arbitration under this Agreement shall be administered by the

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American Arbitration Association (“AAA”) and conducted in accordance with the Commercial
Arbitration Rules (the “Rules”) of the AAA in existence at the time of the arbitration. In
resolving any Dispute, the arbitral tribunal shall refer to the governing law as specified in
Section 4.1 of this Agreement. The arbitral tribunal shall not be empowered to award exemplary,
punitive, indirect, consequential, remote, speculative, treble, multiple or special damages, and
the Parties and their Affiliates and the Partnership Entities waive any right they may have to
recover such damages from one another. The arbitral tribunal shall not be empowered to decide any
dispute ex aequo et bono or amiable compositeur. The seat (or legal place) and venue of the
arbitration shall be in Dallas, Texas. The arbitration shall be conducted in the English language.

     The Dispute shall be decided by a panel of three neutral arbitrators. The claimant or
claimants shall nominate an arbitrator at the time of service of a request for arbitration. The
respondent or respondents shall nominate an arbitrator at the time of service of the response to
the request for arbitration. If the claimant(s) or respondent(s) fail to appoint an arbitrator,
then that arbitrator shall be appointed in accordance with the Rules. The two appointed arbitrators
shall together agree upon a third arbitrator to recommend to the AAA to chair the arbitration. If
the two party-appointed arbitrators are unable to agree upon an arbitrator within 15 days of the
respondent’s appointment of an arbitrator, then the chairman shall be chosen according to the
Rules. Notwithstanding the foregoing, if two or more respondents have interests with regard to a
Dispute that are not completely common, then all arbitrators shall be appointed in accordance with
the Rules and not by nomination or appointment by the Parties. Any arbitration award may be
enforced by the courts sitting in Dallas, Texas or any other court of competent subject matter
jurisdiction (including any jurisdiction in which a Party holds or keeps assets). Any action to
challenge, vacate or set aside the award in whole or in part must be brought in the courts sitting
in Dallas, Texas. The Parties and their Affiliates and the Partnership Entities agree to waive any
objections they may have to personal jurisdiction, venue or forum non-conveniens for any action
brought to enforce the award in the courts sitting in Dallas, Texas or any other jurisdiction where
a party against which enforcement of the award is sought holds or keeps assets.

PIONEER SOUTHWEST ENERGY PARTNERS L.P.

Omnibus Agreement

-7-

 

     IN WITNESS WHEREOF, the Parties have executed this Agreement on, and effective as of, the
First Closing Date.

	 	 	 	 	 	 	 
	 	 	PIONEER SOUTHWEST ENERGY PARTNERS L.P.
	 
	 	 	 	 	 	 
	 	 	By:	 	PIONEER NATURAL RESOURCES GP LLC, its general partner
	 
	 	 	 	 	 	 
	 

	 	 	 	By:	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	 	 	Name:
	 

	 	 	 	 	 	Title:
	 
	 	 	 	 	 	 
	 	 	PIONEER NATURAL RESOURCES GP LLC
	 
	 	 	 	 	 	 
	 

	 	 	 	By:	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	 	 	Name:
	 

	 	 	 	 	 	Title:
	 
	 	 	 	 	 	 
	 	 	PIONEER NATURAL RESOURCES COMPANY
	 
	 	 	 	 	 	 
	 

	 	 	 	By:	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	 	 	Name:
	 

	 	 	 	 	 	Title:
	 
	 	 	 	 	 	 
	 	 	PIONEER NATURAL RESOURCES USA, INC.
	 
	 	 	 	 	 	 
	 

	 	 	 	By:	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	 	 	Name:
	 

	 	 	 	 	 	Title:

Signature Page to

Pioneer Southwest Energy Partners L.P.

Omnibus Agreement

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