Document:

2007 STOCK PLAN

    IELEMENT
      CORPORATION

    

    2007
      STOCK PLAN

    

    1.  Purposes
      of the Plan.
      The
      purposes of this 2007 Stock Plan are:

    

    a.  to
      attract and retain the best available personnel for positions of substantial
      responsibility,

    

    b.  to
      provide additional incentive to Employees, Directors and Consultants,
      and

    

    c.  to
      promote the success of the Company’s business

    

    Options
      granted under the Plan may be Incentive Stock Options or Nonstatutory Stock
      Options, as determined by the Administrator at the time of grant. Stock
      Purchase

            Rights
      may also be
      granted under the Plan.

    

    2.  Definitions.
      As used
      herein, the following definitions shall apply:

    

    a.  “Administrator”
      means the Board or any of its Committees as shall be administering the Plan,
      in
      accordance with Section 4 of the Plan.

    

    b.  “Applicable
      Laws” means the requirements relating to the administration of stock option
      plans under U.S. state corporate laws, U.S. federal and state securities
      laws,

        the
      Code, any
      stock exchange or quotation system on which the Common Stock is listed or quoted
      and the applicable laws of any foreign country or jurisdiction

        where
      Options
      or Stock Purchase Rights are, or will be, granted under the Plan.

    

    c.  “Board”
      means the Board of Directors of the Company.

    

    d.  “Change
      in Control” means the occurrence of any of the following events:

    

    i.  Any
      “person” (as such term is used in Sections 13(d) and 14(d) of the Exchange Act)
      becomes the “beneficial owner” (as defined in Rule 13d-3 of the

        Exchange
      Act), directly or indirectly, of securities of the Company representing fifty
      percent (50%) or more of the total voting power represented by

        the
      Company’s
      then outstanding voting securities; or

    

    ii.  The
      consummation of the sale or disposition by the Company of all or substantially
      all of the Company’s assets;

    

    iii.  A
      change
      in the composition of the Board occurring within a two-year period, as a result
      of which fewer than a majority of the directors are Incumbent

        Directors.

    

    “Incumbent
      Directors” means directors who either (A) are Directors as of the effective date
      of the Plan, or (B) are elected, or nominated for election, to the Board
      with

                the
      affirmative votes
      of at least a majority of the Incumbent Directors at the time of such election
      or nomination (but will not include an individual whose election or

                nomination
      is in
      connection with an actual or threatened proxy contest relating to the election
      of directors to the Company); or

    

    iv.  The
      consummation of a merger or consolidation of the Company with any other
      corporation, other than a merger or consolidation which would
      result

        in
      the voting
      securities of the Company outstanding immediately prior thereto continuing
      to
      represent (either by remaining outstanding or by being

        converted
      into voting securities of the surviving entity or its parent) at least fifty
      percent (50%) of the total voting power represented by the voting

        securities
      of
      the Company or such surviving entity or its parent outstanding immediately
      after
      such merger or consolidation.

    

    e.  “Code”
      means the Internal Revenue Code of 1986, as amended.

    

    f.  “Committee”
      means a committee of Directors appointed by the Board in accordance with Section
      4 of the Plan.

    

    g.  “Common
      Stock” means the common stock of the Company.

    

    h.  “Company”
      means IElement Corporation, a Nevada corporation.

    

    i.  “Consultant”
      means any natural person, including an advisor, engaged by the Company or a
      Parent or Subsidiary to render services to such entity.

    

    j.  “Director”
      means a member of the Board.

    

    k.  “Disability”
      means total and permanent disability as defined in Section 22(e)(3) of the
      Code.

    

    l.  “Employee”
      means any person, including Officers and Directors, employed by the Company
      or
      any Parent or Subsidiary of the Company. A Service Provider shall

        not
      cease to
      be an Employee in the case of (i) any leave of absence approved by the Company
      or (ii) transfers between locations of the Company or between the

        Company,
      its
      Parent, any Subsidiary, or any successor. For purposes of Incentive Stock
      Options, no such leave may exceed ninety days, unless reemployment

        upon
      expiration of such leave is guaranteed by statute or contract. If reemployment
      upon expiration of a leave of absence approved by the Company is not
      so

        guaranteed,
      then three (3) months following the 91st day of such leave any Incentive Stock
      Option held by the Optionee shall cease to be treated as an
      Incentive

        Stock
      Option
      and shall be treated for tax purposes as a Non­statutory Stock Option.
      Neither service as a Director nor payment of a director’s fee by the
      Company

        shall
      be
      sufficient to constitute “employment” by the Company.

    

    m.  “Exchange
      Act” means the Securities Exchange Act of 1934, as amended.

    

    n.  “Fair
      Market Value” means, as of any date, the value of Common Stock determined as
      follows:

    

    i.  If
      the
      Common Stock is listed on any established stock exchange or a national market
      system, including without limitation the Over the Counter Bulletin

        Board,
      Nasdaq
      National Market or The Nasdaq SmallCap Market of The Nasdaq Stock Market, its
      Fair Market Value shall be the closing sales price

        for
      such
      stock (or the closing bid, if no sales were reported) as quoted on such exchange
      or system on the day of determination, as reported in The

        Wall
      Street
      Journal or such other source as the Administrator deems reliable;

    

    ii.  If
      the
      Common Stock is regularly quoted by a recognized securities dealer but selling
      prices are not reported, the Fair Market Value of a Share of

        Common
      Stock
      shall be the mean between the high bid and low asked prices for the Common
      Stock
      on the day of deter­mination, as reported in The

        Wall
      Street
      Journal or such other source as the Administrator deems reliable;
      or

    

    iii.  In
      the
      absence of an established market for the Common Stock, the Fair Market Value
      shall be determined in good faith by the Administrator.

    

    o.  “Incentive
      Stock Option” means an Option intended to qualify as an incentive stock option
      within the meaning of Section 422 of the Code and the regulations

        promulgated
      thereunder.

    

    p.  “Inside
      Director” means a Director who is an Employee.

    

    q.  “Nonstatutory
      Stock Option” means an Option not intended to qualify as an Incentive Stock
      Option.

    

    r.  “Notice
      of Grant” means a written or electronic notice evidencing certain terms and
      conditions of an individual Option or Stock Purchase Right grant. The Notice
      of

        Grant
      is part
      of the Option Agreement.

    

    s.  “Officer”
      means a person who is an officer of the Company within the meaning of Section
      16
      of the Exchange Act and the rules and regulations promulgated

        thereunder.

    

    t.  “Option”
      means a stock option granted pursuant to the Plan.

    

    u.  “Option
      Agreement” means an agreement between the Company and an Optionee evidencing the
      terms and conditions of an individual Option grant. The Option

        Agreement
      is
      subject to the terms and conditions of the Plan.

    

    v.  “Option
      Exchange Program” means a program whereby outstanding Options are surrendered in
      exchange for Options with a lower exercise price.

    

    w.  “Optioned
      Stock” means the Common Stock subject to an Option or Stock Purchase
      Right.

    

    x.  “Optionee”
      means the holder of an outstanding Option or Stock Purchase Right granted under
      the Plan.

    

    y.  “Outside
      Director” means a Director who is not an Employee.

    

    z.  “Parent”
      means a “parent corporation,” whether now or hereafter existing, as defined in
      Section 424(e) of the Code.

    

    aa.  “Plan”
      means this 2007 Stock Plan.

    

    bb.  “Restricted
      Stock” means shares of Common Stock acquired pursuant to a grant of Stock
      Purchase Rights under Section 11 of the Plan.

    

    cc.  “Restricted
      Stock Purchase Agreement” means a written agreement between the Company and the
      Optionee evidencing the terms and restrictions applying to

        stock
      purchased under a Stock Purchase Right. The Restricted Stock Purchase Agreement
      is subject to the terms and conditions of the Plan and the Notice
      of

        Grant.

    

    dd.  “Rule
      16b-3” means Rule 16b-3 of the Exchange Act or any successor to Rule 16b-3, as
      in effect when discretion is being exercised with respect to the
      Plan.

    

    ee.  “Section
      16(b)” means Section 16(b) of the Exchange Act.

    

    ff.  “Service
      Provider” means an Employee, Director or Consultant.

    

    gg.  “Share”
      means a share of the Common Stock, as adjusted in accordance with Section 14
      of
      the Plan.

    

    hh.  “Stock
      Purchase Right” means the right to purchase Common Stock pursuant to Section 11
      of the Plan, as evidenced by a Notice of Grant.

    

    ii.  “Subsidiary”
      means a “subsidiary corporation”, whether now or hereafter existing, as defined
      in Section 424(f) of the Code.

    

    3.  Stock
      Subject to the Plan.
      Subject
      to the provisions of Section 14 of the Plan, the maximum aggregate number of
      Shares that may be optioned and sold under the Plan is

        57,953,180
      Shares plus (a) any Shares which have been reserved but not issued under the
      Company’s 2001 Employee Stock Compensation Plan (the “2001 Plan”) as of
      the

        date
      of
      stockholder approval of this Plan, and (b) any Shares returned to the 2001
      Plan
      as a result of termination of options or repurchase of Shares issued under
      the
      2001

        Plan.

    

    If
      an
      Option or Stock Purchase Right expires or becomes unexercisable without having
      been exercised in full, or is surrendered pursuant to an Option
      Exchange

                Program,
      the
      unpurchased Shares which were subject thereto shall become available for future
      grant or sale under the Plan (unless the Plan has terminated);

                provided,
      however,
      that Shares that have actually been issued under the Plan, whether upon exercise
      of an Option or Right, shall not be returned to the Plan and

                shall
      not become
      available for future distribution under the Plan, except that if Shares of
      Restricted Stock are repurchased by the Company at their original

                purchase
      price, such
      Shares shall become available for future grant under the Plan.

    

    4.  Administration
      of the Plan.

    

    a.  Procedure.

    

    i.  Multiple
      Administrative Bodies.
      Different Committees with respect to different groups of Service Providers
      may
      administer the Plan.

    

    ii.  Section
      162(m).
      To the
      extent that the Administrator determines it to be desirable to qualify Options
      granted hereunder as “performance-based

        compensation”
      within the meaning of Section 162(m) of the Code, the Plan shall be administered
      by a Committee of two or more “outside directors”

        within
      the
      meaning of Section 162(m) of the Code.

    

    iii.  Rule
      16b-3.
      To the
      extent desirable to qualify transactions hereunder as exempt under Rule 16b-3,
      the transactions contemplated hereunder shall be

        structured
      to
      satisfy the requirements for exemption under Rule 16b-3.

    

    iv.  Other
      Administration.
      Other
      than as provided above, the Plan shall be administered by (A) the Board or
      (B) a
      Committee, which committee shall be

        constituted
      to satisfy Applicable Laws.

    

    b.  Powers
      of the Administrator.
      Subject
      to the provisions of the Plan, and in the case of a Committee, subject to the
      specific duties delegated by the Board to such

        Committee,
      the Administrator shall have the authority, in its discretion:

    

    i.  to
      determine the Fair Market Value;

    

    ii.  to
      select
      the Service Providers to whom Options and Stock Purchase Rights may be granted
      hereunder;

    

    iii.  to
      determine the number of shares of Common Stock to be covered by each Option
      and
      Stock Purchase Right granted hereunder;

    

    iv.  to
      approve forms of agreement for use under the Plan;

    

    v.  to
      determine the terms and conditions, not inconsistent with the terms of the
      Plan,
      of any Option or Stock Purchase Right granted hereunder. Such

        terms
      and
      conditions include, but are not limited to, the exercise price, the time or
      times when Options or Stock Purchase Rights may be exercised

        (which
      may be
      based on performance criteria), any vesting acceleration or waiver of forfeiture
      restrictions, and any restriction or limitation regarding

        any
      Option or
      Stock Purchase Right or the shares of Common Stock relating thereto, based
      in
      each case on such factors as the Administrator, in its

        sole
      discretion, shall determine;

    

    vi.  to
      reduce
      the exercise price of any Option or Stock Purchase Right to the then current
      Fair Market Value if the Fair Market Value of the Common Stock

        covered
      by
      such Option or Stock Purchase Right shall have declined since the date the
      Option or Stock Purchase Right was granted;

    

    vii.  to
      institute an Option Exchange Program;

    

    viii.  to
      construe and interpret the terms of the Plan and awards granted pursuant to
      the
      Plan;

    

    ix.  to
      prescribe, amend and rescind rules and regulations relating to the Plan,
      including rules and regulations relating to subplans established for
      the

        purpose
      of
      satisfying applicable foreign laws;

    

    x.  to
      modify
      or amend each Option or Stock Purchase Right (subject to Section 16(c) of the
      Plan), including the discretionary authority to extend the post

        termination
      exercisability period of Options longer than is otherwise provided for in the
      Plan;

    

    xi.  to
      allow
      Optionees to satisfy withholding tax obligations by electing to have the Company
      withhold from the Shares to be issued upon exercise of an

        Option
      or
      Stock Purchase Right that number of Shares having a Fair Market Value equal
      to
      the minimum amount required to be withheld. The Fair

        Market
      Value
      of the Shares to be withheld shall be determined on the date that the amount
      of
      tax to be withheld is to be determined. All elections by

        an
      Optionee
      to have Shares withheld for this purpose shall be made in such form and under
      such conditions as the Administrator may deem

        necessary
      or
      advisable;

    

    xii.  to
      authorize any person to execute on behalf of the Company any instru­ment
      required to effect the grant of an Option or Stock Purchase Right

        previously
      granted by the Administrator;

    

    xiii.  to
      make
      all other determinations deemed necessary or advisable for administering the
      Plan.

    

    c.  Effect
      of Administrator’s Decision.
      The
      Administrator’s decisions, determina­tions and interpretations shall be
      final and binding on all Optionees and any other

        holders
      of
      Options or Stock Purchase Rights.

    

    5.  Eligibility.
      Nonstatutory Stock Options and Stock Purchase Rights may be granted to Service
      Providers. Incentive Stock Options may be granted only to
      Employees.

    

    6.  Limitations.

    

    a.  Each
      Option shall be designated in the Option Agreement as either an Incentive Stock
      Option or a Nonstatutory Stock Option. However, notwithstanding
      such

        designa­tion,
      to
      the extent that the aggregate Fair Market Value of the Shares with respect
      to
      which Incentive Stock Options are exercisable for the first time by
      the

        Optionee
      during any calendar year (under all plans of the Company and any Parent or
      Subsidiary) exceeds $100,000, such Options shall be treated as
      Nonstatutory

        Stock
      Options. For purposes of this Section 6(a), Incentive Stock Options shall be
      taken into account in the order in which they were granted. The Fair
      Market

        Value
      of the
      Shares shall be determined as of the time the Option with respect to such Shares
      is granted.

    

    b.  Neither
      the Plan nor any Option or Stock Purchase Right shall confer upon an Optionee
      any right with respect to continuing the Optionee’s relationship as a
      Service

        Provider
      with
      the Company, nor shall they interfere in any way with the Optionee’s right or
      the Company’s right to terminate such relationship at any time, with
      or

        without
      cause.

    

    7.  Term
      of Plan.
      Subject
      to Section 20 of the Plan, the Plan shall become effective upon its adoption
      by
      the Board. It shall continue in effect for a term of ten (10) years
      unless

        terminated
      earlier under Section 16 of the Plan.

    

    8.  Term
      of Option.
      The
      term of each Option shall be stated in the Option Agreement. In the case of
      an
      Incentive Stock Option, the term shall be ten (10) years from the date
      of

        grant
      or such
      shorter term as may be provided in the Option Agreement. Moreover, in the case
      of an Incentive Stock Option granted to an Optionee who, at the time
      the

        Incentive
      Stock Option is granted, owns stock representing more than ten percent (10%)
      of
      the total combined voting power of all classes of stock of the Company or
      any

        Parent
      or
      Subsidiary, the term of the Incentive Stock Option shall be five (5) years
      from
      the date of grant or such shorter term as may be provided in the Option
      Agreement.

    

    9.  Option
      Exercise Price and Consideration.

    

    a.
      Exercise
      Price.
      The per
      share exercise price for the Shares to be issued pursuant to exercise of an
      Option shall be determined by the Administrator. 

    i.  

     

    b.  Waiting
      Period and Exercise Dates.
      At the
      time an Option is granted, the Administrator shall fix the period within which
      the Option may be exercised and shall

        determine
      any
      conditions that must be satisfied before the Option may be
      exercised.

    

    c.  Form
      of Consideration.
      The
      Administrator shall determine the acceptable form of consideration for
      exercising an Option, including the method of payment. In the

        case
      of an
      Incentive Stock Option, the Administrator shall determine the acceptable form
      of
      consideration at the time of grant. Such consideration may consist

        entirely
      of:

    

    i.  cash;

    

    ii.  check;

    

    iii.  promissory
      note;

    

    iv.  other
      Shares which, in the case of Shares acquired directly or indirectly from the
      Company, (A) have been owned by the Optionee for more than six (6)

        months
      on the
      date of surrender, and (B) have a Fair Market Value on the date of surrender
      equal to the aggregate exercise price of the Shares as to

        which
      said
      Option shall be exercised;

    

    v.  consideration
      received by the Company under a cashless exercise program implemented by the
      Company in connection with the Plan;

    

    vi.  a
      reduction in the amount of any Company liability to the Optionee, including
      any
      liability attributable to the Optionee’s participation in any

        Company-sponsored
      deferred compensation program or arrangement;

    

    vii.  any
      combination of the foregoing methods of payment; or

    

    viii.  such
      other consideration and method of payment for the issuance of Shares to the
      extent permitted by Applicable Laws.

    

    10.  Exercise
      of Option.

    

    a.  Procedure
      for Exercise; Rights as a Stockholder.
      Any
      Option granted here­under shall be exercisable according to the terms of the
      Plan and at such times and under

        such
      conditions as determined by the Administrator and set forth in the Option
      Agreement. Unless the Administrator provides otherwise, vesting of
      Options

        granted
      hereunder shall be suspended during any unpaid leave of absence. An Option
      may
      not be exercised for a fraction of a Share.

    

    An
      Option
      shall be deemed exercised when the Company receives: (i) written or electronic
      notice of exercise (in accordance with the Option Agreement) from
      the

                person
      entitled to
      exercise the Option, and (ii) full payment for the Shares with respect to which
      the Option is exercised. Full payment may consist of any

                consideration
      and
      method of payment authorized by the Administrator and permitted by the Option
      Agreement and the Plan. Shares issued upon exercise of an

                Option
      shall be
      issued in the name of the Optionee or, if requested by the Optionee, in the
      name
      of the Optionee and his or her spouse. Until the Shares are issued

                (as
      evidenced by the
      appropriate entry on the books of the Company or of a duly authorized transfer
      agent of the Company), no right to vote or receive dividends

                or
      any other rights
      as a stockholder shall exist with respect to the Optioned Stock, notwithstanding
      the exercise of the Option. The Company shall issue (or cause

                to
      be issued) such
      Shares promptly after the Option is exercised. No adjustment will be made for
      a
      dividend or other right for which the record date is prior to the

                date
      the Shares are
      issued, except as provided in Section 14 of the Plan.

    

    Exercising
      an Option in any manner shall decrease the number of Shares thereafter
      available, both for purposes of the Plan and for sale under the Option, by
      the

                number
      of Shares as
      to which the Option is exercised.

    

    b.  Termination
      of Relationship as a Service Provider.
      If an
      Optionee ceases to be a Service Provider, other than upon the Optionee’s death
      or Disability, the Optionee

        may
      exercise
      his or her Option within such period of time as is specified in the Option
      Agreement to the extent that the Option is vested on the date of
      termination

        (but
      in no
      event later than the expiration of the term of such Option as set forth in
      the
      Option Agreement). In the absence of a specified time in the Option

        Agreement,
      the Option shall remain exercisable for three (3) months following the
      Optionee’s termination. If, on the date of termination, the Optionee is not
      vested

        as
      to his or
      her entire Option, the Shares covered by the unvested portion of the Option
      shall revert to the Plan. If, after termination, the Optionee does not
      exercise

        his
      or her
      Option within the time specified by the Administrator, the Option shall
      terminate, and the Shares covered by such Option shall revert to the
      Plan.

    

    c.  Disability
      of Optionee.
      If an
      Optionee ceases to be a Service Provider as a result of the Optionee’s
      Disability, the Optionee may exercise his or her Option within

        such
      period
      of time as is specified in the Option Agreement to the extent the Option is
      vested on the date of termination (but in no event later than the expiration
      of

        the
      term of
      such Option as set forth in the Option Agreement). In the absence of a specified
      time in the Option Agreement, the Option shall remain exercisable
      for

        twelve
      (12)
      months following the Optionee’s termination. If, on the date of termination, the
      Optionee is not vested as to his or her entire Option, the Shares
      covered

        by
      the
      unvested portion of the Option shall revert to the Plan. If, after termination,
      the Optionee does not exercise his or her Option within the time specified
      herein,

        the
      Option
      shall terminate, and the Shares covered by such Option shall revert to the
      Plan.

    

    d.  Death
      of Optionee.
      If an
      Optionee dies while a Service Provider, the Option may be exercised following
      the Optionee’s death within such period of time as is

        specified
      in
      the Option Agreement to the extent that the Option is vested on the date of
      death (but in no event may the option be exercised later than the
      expiration

        of
      the term
      of such Option as set forth in the Option Agreement), by the Optionee’s
      designated beneficiary, provided such beneficiary has been designated prior
      to

        Optionee’s
      death in a form acceptable to the Administrator. If no such beneficiary has
      been
      designated by the Optionee, then such Option may be exercised by
      the

        personal
      representative of the Optionee’s estate or by the person(s) to whom the Option
      is transferred pursuant to the Optionee’s will or in accordance with
      the

        laws
      of
      descent and distribution. In the absence of a specified time in the Option
      Agreement, the Option shall remain exercisable for twelve (12) months
      following

        Optionee’s
      death. If, at the time of death, Optionee is not vested as to his or her entire
      Option, the Shares covered by the unvested portion of the Option
      shall

        immediately
      revert to the Plan. If the Option is not so exercised within the time specified
      herein, the Option shall terminate, and the Shares covered by such
      Option

        shall
      revert
      to the Plan.

    

    11.  Stock
      Purchase Rights.

    

    a.  Rights
      to Purchase.
      Stock
      Purchase Rights may be issued either alone, in addition to, or in tandem with
      other awards granted under the Plan and/or cash awards

        made
      outside
      of the Plan. After the Administrator determines that it will offer Stock
      Purchase Rights under the Plan, it shall advise the offeree in writing
      or

        electronically,
      by
      means of a Notice of Grant, of the terms, conditions and restrictions related
      to
      the offer, including the number of Shares that the offeree shall be

        entitled
      to
      purchase, the price to be paid, and the time within which the offeree must
      accept such offer. The offer shall be accepted by execution of a
      Restricted

        Stock
      Purchase Agreement in the form determined by the Administrator.

    

    b.  Repurchase
      Option.
      Unless
      the Administrator determines otherwise, the Restricted Stock Purchase Agreement
      shall grant the Company a repurchase option

        exercisable
      upon the voluntary or involuntary termination of the purchaser’s service with
      the Company for any reason (including death or Disability). The
      purchase

        price
      for
      Shares repurchased pursuant to the Restricted Stock Purchase Agreement shall
      be
      the original price paid by the purchaser and may be paid by

        cancellation
      of any indebtedness of the purchaser to the Company. The repurchase option
      shall
      lapse at a rate determined by the Administrator.

    

    c.  Other
      Provisions.
      The
      Restricted Stock Purchase Agreement shall contain such other terms, provisions
      and conditions not inconsistent with the Plan as may be

        determined
      by
      the Administrator in its sole discretion.

    

    d.  Rights
      as a Stockholder.
      Once
      the Stock Purchase Right is exercised, the purchaser shall have the rights
      equivalent to those of a stockholder, and shall be a

        stockholder
      when his or her purchase is entered upon the records of the duly authorized
      transfer agent of the Company. No adjustment will be made for a
      dividend

        or
      other
      right for which the record date is prior to the date the Stock Purchase Right
      is
      exercised, except as provided in Section 14 of the Plan.

     

    12.  Transferaility
      of Options and Stock Purchase Rights.
      Unless
      determined otherwise by the Administrator, an Option or Stock Purchase Right
      may
      not be sold, pledged,

        assigned,
      hypothecated, transferred, or disposed of in any manner other than by will
      or by
      the laws of descent or distribution and may be exercised, during the lifetime
      of

        the
      Optionee,
      only by the Optionee. If the Administrator makes an Option or Stock Purchase
      Right transferable, such Option or Stock Purchase Right shall contain
      such

        additional
      terms and conditions as the Administrator deems appropriate.

    

    13.  Formula
      Option Grants to Outside Directors.
      All
      grants of Options to Outside Directors pursuant to this Section shall be
      automatic and nondiscretionary and shall be made

        strictly
      in
      accordance with the following provisions:

    

    a.  All
      Options granted pursuant to this Section shall be Nonstatutory Stock Options
      and, except as otherwise provided herein, shall be subject to the other terms
      and

        conditions
      of
      the Plan.

    

    b.  No
      person
      shall have any discretion to select which Outside Directors shall be granted
      Options under this Section or to determine the number of Shares to
      be

        covered
      by
      such Options.

    

    c.  Each
      person who first becomes an Outside Director following the effective date of
      this Plan, as determined in accordance with Section 7 hereof, shall
      be

        automatically
      granted an Option to purchase an amount of stock as determined by the
      Compensation Committee of the Directors from time to time (the
“First

        Option”)
      or
      the date on which such person first becomes an Outside Director, whether through
      election by the stockholders of the Company or appointment by the

        Board
      to fill
      a vacancy; provided, however, that an Inside Director who ceases to be an Inside
      Director but who remains a Director shall not receive a First
      Option.

     

    d.  Notwithstanding
      the provisions of subsections (c) and (d) hereof, any exercise of an Option
      granted before the Company has obtained stockholder approval of the

        Plan
      in
      accordance with Section 20 hereof shall be conditioned upon obtaining such
      stockholder approval of the Plan in accordance with Section 20
      hereof.

    

    e.  The
      terms
      of each Option granted pursuant to this Section shall be as
      follows:

    

    i.  the
      term
      of the Option shall be ten (10) years.

    

    ii.  subject
      to Section 14 hereof, the First Option shall vest and become exercisable
      immediately.

    

    iii.  subject
      to Section 14 hereof, the Subsequent Option shall vest and become exercisable
      immediately.

    

    14.  Adjustments
      Upon Changes in Capitalization, Merger or Change in Control.

    

    a.  Changes
      in Capitalization.
      Subject
      to any required action by the stockholders of the Company, the number of shares
      of Common Stock that have been authorized for

        issuance
      under the Plan but as to which no Options or Stock Purchase Rights have yet
      been
      granted or which have been returned to the Plan upon cancellation
      or

        expiration
      of
      an Option or Stock Purchase Right, the number of Shares that may be added
      annually to the Plan pursuant to Section 3(i), the number of shares
      which

        may
      be
      granted pursuant to the automatic grant provisions of Section 13 and the number
      of shares of Common Stock as well as the price per share of Common

        Stock
      covered
      by each such outstanding Option or Stock Purchase Right, shall be
      proportionately adjusted for any increase or decrease in the number of
      issued

        shares
      of
      Common Stock resulting from a stock split, reverse stock split, stock dividend,
      combination or reclassification of the Common Stock, or any other
      increase

        or
      decrease
      in the number of issued shares of Common Stock effected without receipt of
      consideration by the Company; provided, however, that conversion of
      any

        convertible
      securities of the Company shall not be deemed to have been “effected without
      receipt of consideration.” Such adjustment shall be made by the
      Board,

        whose
      determination in that respect shall be final, binding and conclusive. Except
      as
      expressly provided herein, no issuance by the Company of shares of stock
      of

        any
      class, or
      securities convertible into shares of stock of any class, shall affect, and
      no
      adjust­ment by reason thereof shall be made with respect to, the number
      or

        price
      of
      shares of Common Stock subject to an Option or Stock Purchase
      Right.

    

    b.  Dissolution
      or Liquidation.
      In the
      event of the proposed dissolution or liquidation of the Company, the
      Administrator shall notify each Optionee as soon as

        practicable
      prior to the effective date of such proposed transaction. The Administrator
      in
      its discretion may provide for an Optionee to have the right to exercise
      his

        or
      her Option
      until ten (10) days prior to such transaction as to all of the Optioned Stock
      covered thereby, including Shares as to which the Option would not

        otherwise
      be
      exercisable. In addition, the Administrator may provide that any Company
      repurchase option applicable to any Shares purchased upon exercise of
      an

        Option
      or
      Stock Purchase Right shall lapse as to all such Shares, provided the proposed
      dissolution or liquidation takes place at the time and in the
      manner

        contemplated.
      To the extent it has not been previously exercised, an Option or Stock Purchase
      Right will terminate immediately prior to the consummation of such

        proposed
      action.

    

    c.  Merger
      or Change in Control.
      In the
      event of a merger of the Company with or into another corporation, or a Change
      in Control, each outstanding Option and Stock

        Purchase
      Right shall be assumed or an equivalent option or right substituted by the
      successor corporation or a Parent or Subsidiary of the successor
      corporation.

        With
      respect
      to Options granted to an Outside Director pursuant to Section 13 that are
      assumed or substituted for, if following such assumption or substitution
      the

        Optionee’s
      status as a Director or a director of the successor corporation, as applicable,
      is terminated other than upon a voluntary resignation by the
      Optionee,

        then
      the
      Optionee shall fully vest in and have the right to exercise the Option as to
      all
      of the Optioned Stock, including Shares as to which it would not
      otherwise

        be
      vested or
      exercisable.

    

    In
      the
      event that the successor corporation refuses to assume or substitute for the
      Option or Stock Purchase Right, the Optionee shall fully vest in and have the
      right

                to
      exercise the
      Option or Stock Purchase Right as to all of the Optioned Stock, including Shares
      as to which it would not otherwise be vested or exercisable. If an

                Option
      or Stock
      Purchase Right becomes fully vested and exercisable in lieu of assumption or
      substitution in the event of a merger or sale of assets, the

                Administrator
      shall
      notify the Optionee in writing or electronically that the Option or Stock
      Purchase Right shall be fully vested and exercisable for a period
      of

                fifteen
      (15) days
      from the date of such notice, and the Option or Stock Purchase Right shall
      terminate upon the expiration of such period.

    

    For
      the
      purposes of this subsection (c), the Option or Stock Purchase Right shall be
      considered assumed if, following the merger or Change in Control, the option
      or

                right
      confers the
      right to purchase or receive, for each Share of Optioned Stock subject to the
      Option or Stock Purchase Right immediately prior to the merger or

                Change
      in Control,
      the consideration (whether stock, cash, or other securities or property)
      received in the merger or Change in Control by holders of Common

                Stock
      for each Share
      held on the effective date of the transaction (and if holders were offered
      a
      choice of consideration, the type of consideration chosen by the

                holders
      of a majority
      of the outstanding Shares); provided, however, that if such consideration
      received in the merger or Change in Control is not solely common

                stock
      of the
      successor corporation or its Parent, the Administrator may, with the consent
      of
      the successor corporation, provide for the consideration to be
      received

                upon
      the exercise of
      the Option or Stock Purchase Right, for each Share of Optioned Stock subject
      to
      the Option or Stock Purchase Right, to be solely common

                stock
      of the
      successor corporation or its Parent equal in fair market value to the per share
      consideration received by holders of Common Stock in the merger or

                Change
      in
      Control.

    

    15.  Date
      of Grant.
      The
      date of grant of an Option or Stock Purchase Right shall be, for all purposes,
      the date on which the Administrator makes the determination granting
      such

        Option
      or
      Stock Purchase Right, or such other later date as is determined by the
      Administrator. Notice of the determination shall be provided to each Optionee
      within a

        reasonable
      time after the date of such grant.

    

    16.  Amendment
      and Termination of the Plan.

    

    a.  Amendment
      and Termination.
      The
      Board may at any time amend, alter, suspend or terminate the Plan.

    

    b.  Stockholder
      Approval.
      The
      Company shall obtain stockholder approval of any Plan amendment to the extent
      necessary and desirable to comply with Applicable

        Laws.

    

    c.  Effect
      of Amendment or Termination.
      No
      amendment, alteration, suspension or termination of the Plan shall impair the
      rights of any Optionee, unless mutually

        agreed
      otherwise between the Optionee and the Administrator, which agreement must
      be in
      writing and signed by the Optionee and the Company. Termination of

        the
      Plan
      shall not affect the Administrator’s ability to exercise the powers granted to
      it hereunder with respect to Options granted under the Plan prior to the date
      of

        such
      termination.

    

    17.  Conditions
      Upon Issuance of Shares.

    

    a.  Legal
      Compliance.
      Shares
      shall not be issued pursuant to the exercise of an Option or Stock Purchase
      Right unless the exercise of such Option or Stock Purchase

        Right
      and the
      issuance and delivery of such Shares shall comply with Applicable Laws and
      shall
      be further subject to the approval of counsel for the Company

        with
      respect
      to such compliance.

    

    b.  Investment
      Representations.
      As a
      condition to the exercise of an Option or Stock Purchase Right, the Company
      may
      require the person exercising such Option or

        Stock
      Purchase Right to represent and warrant at the time of any such exercise that
      the Shares are being purchased only for investment and without any
      present

        intention
      to
      sell or distribute such Shares if, in the opinion of counsel for the Company,
      such a representation is required.

    

    18.  Inability
      to Obtain Authority.
      The
      inability of the Company to obtain authority from any regulatory body having
      jurisdiction, which authority is deemed by the Company’s

        counsel
      to be
      necessary to the lawful issuance and sale of any Shares hereunder, shall relieve
      the Company of any liability in respect of the failure to issue or sell
      such

        Shares
      as to
      which such requisite authority shall not have been obtained.

    

    19.  Reservation
      of Shares.
      The
      Company, during the term of this Plan, will at all times reserve and keep
      available such number of Shares as shall be sufficient to satisfy
      the

        requirements
      of the Plan.

    

    20.  Stockholder
      Approval.
      The
      Plan shall be subject to approval by the stockholders of the Company within
      twelve (12) months after the date the Plan is adopted. Such

        stockholder
      approval shall be obtained in the manner and to the degree required under
      Applicable Laws.QuickLinks
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Exhibit 10.3    
    

FORM OF

OMNIBUS AGREEMENT

among

OGE ENERGY CORP.,

OGE ENOGEX HOLDINGS LLC,

OGE ENOGEX GP LLC,

OGE ENOGEX PARTNERS L.P.,

ENOGEX OPERATING LLC

and

ENOGEX LLC  

OMNIBUS AGREEMENT  

        THIS OMNIBUS AGREEMENT ("Agreement") is entered into on, and effective as of, the Closing Date (as defined
herein), and is by and among OGE Energy Corp., an Oklahoma corporation ("OGE Energy"), OGE Enogex Holdings LLC, a Delaware limited liability company
("OGE Enogex Holdings"), OGE Enogex GP LLC, a Delaware limited liability company (the "General
Partner"), OGE Enogex Partners L.P., a Delaware limited partnership (the "Partnership"), Enogex Operating LLC, a Delaware
limited liability company ("Enogex Operating"), and Enogex LLC, a Delaware limited liability company
("Enogex"). The above-named entities are sometimes referred to in this Agreement each as a "Party" and
collectively as the "Parties." 

RECITALS:  

        1.     The
Parties desire by their execution of this Agreement to evidence their agreement, as more fully set forth in Article II, with respect to the amounts to be paid
or reimbursed by the Partnership and Enogex for certain general and administrative services to be performed by OGE Energy and its Affiliates (as defined herein) as well as direct expenses, including
operating expenses, incurred by OGE Energy and its Affiliates for and on behalf of the Partnership Group (as defined herein) and Enogex, as the case may be. 

        2.     The
Parties desire to evidence their agreement, as more fully set forth in Article III, with respect to certain indemnification obligations of the Parties. 

        In
consideration of the agreements contained herein, and for other good and valuable consideration, the Parties hereto hereby agree as follows: 

ARTICLE I

DEFINITIONS  

        Section 1.1    Definitions.    

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

        "Affiliate" is defined in the Partnership Agreement. 

        "Agreement" means this Omnibus Agreement, as it may be amended, modified or supplemented from time to time. 

        "Cause" is defined in the Partnership Agreement. 

        "Change of Control" means, with respect to any Person (the "Applicable Person"), any of
the following events: (i) any sale, lease, exchange or other transfer (in one transaction or a series of related transactions) of all or substantially all of the Applicable Person's assets to
any other Person, unless immediately following such sale, lease, exchange or other transfer such assets are owned, directly or indirectly, by the Applicable Person; (ii) the dissolution or
liquidation of the Applicable Person; (iii) the consolidation or merger of the Applicable Person with or into another Person pursuant to a transaction in which the outstanding Voting Securities
of the Applicable Person are changed into or exchanged for cash, securities or other property, other than any such transaction where (a) the outstanding Voting Securities of the Applicable
Person are changed into or exchanged for Voting Securities of the surviving Person or its parent and (b) the holders of the Voting Securities of the Applicable Person immediately prior to such
transaction own, directly or indirectly, not less than a majority of the outstanding Voting Securities of the surviving Person or its parent immediately after such transaction; and (iv) a
"person" or "group" (within the meaning of Sections 13(d) or 14(d)(2) of the Exchange Act) becoming the "beneficial owner" (as defined in Rules 13d-3 and 13d-5 under the
Exchange Act) of more than 50% of all of the then outstanding Voting Securities of the Applicable Person, except in a merger or consolidation which would not constitute a Change of Control under
clause (iii) above. 

        "Closing Date" means the date of the closing of the Partnership's initial public offering of Common Units. 

        "Common Unit" is defined in the Partnership Agreement. 

        "Conflicts Committee" is defined in the Partnership Agreement. 

        "Contribution Agreement" means the Contribution, Conveyance and Assumption Agreement, dated the Closing Date, by and among OGE Energy, OGE
Enogex Holdings, the General Partner, Enogex Operating and Enogex, as it may be amended, modified or supplemented from time to time, together with the additional conveyance documents and instruments
contemplated or referenced thereunder. 

        "Covered Environmental Losses" means all environmental and toxic tort Losses suffered or incurred by reason of or arising out of: 

          (i)  any
violation or correction of violation of Environmental Laws; 

         (ii)  any
Environmental Activities required pursuant to Environmental Laws to address a Release of Hazardous Substances; or 

        (iii)  any
event, omission or condition associated with ownership or operation of the Enogex Assets relating to Environmental Activities (including, without limitation, the
exposure to or presence of Hazardous Substances on, under, about or Releasing to or from the Enogex Assets or the exposure to or migrating of Hazardous Substances arising out of operation of the
Enogex Assets at non-Enogex Asset locations, as the case may be) including, without limitation, (A) the cost and expense of any Environmental Activities, (B) the cost and
expense of the preparation and implementation of any closure, remedial or corrective action or other plans required or necessary under Environmental Laws and (C) the cost and expense for any
environmental or toxic tort pre-trial, trial or appellate legal or litigation support work; provided, in each case of clauses (A) and
(B), such cost and expense shall not include the costs associated with project management and soil and ground water monitoring. 

        "CPI Index" is defined in Section 2.1(c) of this Agreement. 

        "Enogex" is defined in the introduction to this Agreement. 

        "Enogex Assets" means the assets of the Enogex Group (including those natural gas gathering, processing, transportation and storage assets
as described in the Registration Statement) as of the Closing Date. 

        "Enogex Group" means Enogex and its Subsidiaries treated as a single consolidated entity. 

        "Enogex Group Member" means any member of the Enogex Group. 

        "Enogex LLC Agreement" means the Amended and Restated Limited Liability Company Agreement of Enogex, dated as of the Closing Date, as such
agreement is in effect on the Closing Date, to which reference is hereby made for all purposes of this Agreement. No amendment or modification to the Enogex LLC Agreement subsequent to the Closing
Date shall be given effect for the purposes of this Agreement unless consented to by each of the Parties to this Agreement. 

        "Enogex Operating" is defined in the introduction to this Agreement. 

        "Environmental Activities" shall mean any investigation, study, assessment, evaluation, sampling, testing, monitoring, containment,
removal, disposal, closure, corrective action, remediation (regardless of whether active or passive), natural attenuation, restoration, bioremediation, response, repair, corrective measure, cleanup or
abatement that is required or necessary under any applicable Environmental Law, including, but not limited to, institutional or engineering controls or participation in a governmental voluntary
cleanup program to conduct voluntary investigatory and remedial actions for the clean-up, removal or remediation of Hazardous Substances that exceed actionable levels established pursuant
to Environmental Laws, or participation in a supplemental environmental project in partial or whole mitigation of a fine or penalty. 

        "Environmental Laws" means all federal, state, and local laws, statutes, rules, regulations, orders, judgments, ordinances, codes,
injunctions, decrees, Environmental Permits and other legally enforceable requirements and rules of common law relating to (a) pollution or protection of the environment or natural resources,
(b) any Release or threatened Release of, or any exposure of any Person or property 

to,
any Hazardous Substances and (c) the generation, manufacture, processing, distribution, use, treatment, storage, transport or handling of any Hazardous Substances; including, without
limitation, the federal Comprehensive Environmental Response, Compensation and Liability Act, the Superfund Amendments and Reauthorization Act, the Resource Conservation and Recovery Act, the Clean
Air Act, the Clean Water Act, the Safe Drinking Water Act, the Toxic Substances Control Act, the Oil Pollution Act of 1990, the Hazardous Materials Transportation Act, the Marine Mammal Protection
Act, the Endangered Species Act, the National Environmental Policy Act and other environmental conservation and protection laws, each as amended through the Closing Date. 

        "Environmental Permit" means any permit, approval, identification number, license, registration, consent, exemption, variance or other
authorization required under or issued pursuant to any applicable Environmental Law. 

        "Exchange Act" means the Securities Exchange Act of 1934, as amended. 

        "G&A Expenses Limits" is defined in Section 2.1(c) of this Agreement. 

        "General Partner" is defined in the introduction to this Agreement. 

        "Group Member" means any Enogex Group Member or Partnership Group Member. 

        "Hazardous Substance" means (a) any substance that is designated, defined or classified as a hazardous waste, solid waste,
hazardous material, pollutant, contaminant or toxic or hazardous substance, or terms of similar meaning, or that is otherwise regulated under any Environmental Law, including, without limitation, any
hazardous substance as defined under the Comprehensive Environmental Response, Compensation and Liability Act, as amended, (b) oil as defined in the Oil Pollution Act of 1990, as amended,
including, without limitation, oil, gasoline, natural gas, fuel oil, motor oil, waste oil, diesel fuel, jet fuel and other refined petroleum hydrocarbons and petroleum products and
(c) radioactive materials, asbestos containing materials or polychlorinated biphenyls. 

        "Indemnified Party" means the Person entitled to indemnification in accordance with Article III. 

        "Indemnifying Party" means the Person from whom indemnification may be required in accordance with Article III. 

        "Liens" is defined in Section 3.2(a) of this Agreement. 

        "Limited Partner" is defined in the Partnership Agreement. 

        "Losses" means all losses, damages, liabilities, claims, demands, causes of action, judgments, settlements, fines, penalties, costs and
expenses (including, without limitation, court costs and reasonable attorney's and experts' fees) of any and every kind or character. 

        "Membership Interest" means the 25% controlling membership interest in Enogex transferred by OGE Energy or Affiliates thereof to a
Subsidiary of the Partnership pursuant to the Contribution Agreement. 

        "OGE Energy" is defined in the introduction to this Agreement. 

        "OGE Enogex Holdings" is defined in the introduction to this Agreement. 

        "Outstanding" is defined in the Partnership Agreement. 

        "Partnership" is defined in the introduction to this Agreement. 

        "Partnership Agreement" means the First Amended and Restated Agreement of Limited Partnership of OGE Enogex Partners L.P., dated as of the
Closing Date, as such agreement is in effect on the Closing Date, to which reference is hereby made for all purposes of this Agreement. No amendment or modification to the Partnership Agreement
subsequent to the Closing Date shall be given effect for the purposes of this Agreement unless consented to by each of the Parties to this Agreement. 

        "Partnership Assets" means the assets of the Partnership Group as of the Closing Date; provided,
however that interests in Enogex and its Subsidiaries are not deemed to be Partnership Assets. 

        "Partnership Entities" means the General Partner and each Partnership Group Member. 

        "Partnership Group" means the Partnership and its Subsidiaries treated as a single consolidated entity; provided,
however, that the Enogex Group is not deemed to be part of the Partnership Group. 

        "Partnership Group Member" means any member of the Partnership Group. 

        "Party" and "Parties" are defined in the introduction to this Agreement. 

        "Person" means an individual or a corporation, limited liability company, partnership, joint venture, trust, business trust, employee
benefit plan, unincorporated organization, association, government agency or political subdivision thereof or other entity. 

        "Registration Statement" means the Registration Statement on Form S-1 (Registration No. 333-144089),
as amended, filed with the Securities and Exchange Commission with respect to the proposed initial public offering of Common Units by the Partnership. 

        "Release" means any depositing, spilling, leaking, pumping, pouring, placing, emitting, discarding, abandoning, emptying, discharging,
migrating, injecting, escaping, leaching, dumping, or disposing into the environment. 

        "Subsidiary" means, with respect to any Person, (a) a corporation of which more than 50% of the voting power of shares entitled
(without regard to the occurrence of any contingency) to vote in the election of directors or other governing body of such corporation is owned, directly or indirectly, at the date of determination,
by such Person, by one or more Subsidiaries of such Person or a combination thereof, (b) a partnership (whether general or limited) in which such Person or a Subsidiary of such Person is, at
the date of determination, a general or limited partner of such partnership, but only if more than 50% of the partnership interests of such partnership (considering all of the partnership interests of
the partnership as a single class) is owned, directly or indirectly, at the date of determination, by such Person, by one or more Subsidiaries of such Person, or a combination thereof, or
(c) any other Person (other than a corporation or a partnership) in which such Person, one or more Subsidiaries of such Person, or a combination thereof, directly or indirectly, at the date of
determination, has (i) at least a majority ownership interest or (ii) the power to elect or direct the election of a majority of the directors or other governing body of such Person. The
parties acknowledge and agree that for these purposes Enogex is not a Subsidiary of the Partnership. The parties further acknowledge and agree that Enogex distributed to OGE Energy all of the capital
stock of OGE Energy Resources Inc., an Oklahoma corporation, and Enogex Exploration Corporation, an Oklahoma corporation, that was held by Enogex prior to the execution of this Agreement and
that such corporations are not subsidiaries of Enogex. 

        "Units" is defined 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. 

ARTICLE II

REIMBURSEMENT OBLIGATIONS  

        Section 2.1    Reimbursement for Allocated General and Administrative Expenses; Limitations on
Reimbursement.    

        (a)   OGE
Energy hereby agrees to continue to provide, or cause to be provided, to the Enogex Group and the Partnership Group certain general and administrative services, such
as legal, accounting, treasury, finance, investor relations, insurance administration and claims processing, risk management, health, safety and environmental, information technology, human resources,
credit, payroll, internal audit, taxes, facilities, fleet management and media services, that shall be substantially identical in nature and quality to the services of such type previously provided by
or on behalf of OGE Energy in connection with the management and operation of the Enogex Group or the Partnership Group (or their predecessors), the Enogex Assets or the Partnership Assets during the
twelve-month period prior to the Closing Date. In the event that the Enogex Group or the Partnership Group makes any acquisitions of assets or businesses (other than from any Group Member) during the
first three years following the date of this Agreement, OGE Energy will similarly provide, or cause to be provided, general and administrative services that are substantially identical in nature and
quality to the services of such type previously provided, or caused to be provided, by OGE Energy in connection with their management and operation of such assets or businesses prior to their
acquisition by the Enogex Group or the Partnership Group, as the case may be. 

        (b)   (i)    Subject
to the provisions of Section 2.1(c) below, the Enogex Group hereby agrees to reimburse OGE Energy for all expenses and expenditures that
OGE Energy or its Affiliates (other than any Enogex Group Member) incur or payments they make on behalf of the Enogex Group for the general and administrative services described in
Section 2.1(a). 

         (ii)    Subject
to the provisions of Section 2.1(c) below, the Partnership Group hereby agrees to reimburse OGE Energy for all expenses and
expenditures that OGE Energy or its Affiliates (other than any Partnership Group Member) incur or payments they make on behalf of the Partnership Group for the general and administrative services
described in Section 2.1(a). 

        (c)   The
amount for which OGE Energy shall be entitled to reimbursement from the Enogex Group and the Partnership Group pursuant to this Section 2.1 for such general
and administrative expenses shall not exceed $12.3 million and $4.1 million, respectively, annually in the aggregate for a period of three (3) years following the date of this
Agreement (the "G&A Expenses Limits"). Following the first year of such three-year period, the G&A Expenses Limits shall be increased
annually over the next two years by the percentage increase in the Consumer Price Index—All Urban Consumers, U.S. City Average, Not Seasonally Adjusted for the applicable year (the
"CPI Index"). In making such adjustment, the G&A Expenses Limits shall be increased on the first anniversary of this Agreement by the CPI Index for the
prior year period based on the most recent information available from the U.S. Department of Labor and similarly increased on the second anniversary of this Agreement by the CPI Index for the prior
year period. In the event that the Enogex Group or the Partnership Group makes any acquisitions of assets or businesses or the business of the Enogex Group or the Partnership Group otherwise expands
during the first three years following the date of this Agreement, then the G&A Expenses Limits shall be appropriately increased in order to account for adjustments in the nature and extent of the
general and administrative services provided by or on behalf of OGE Energy to the Enogex Group or the Partnership Group, as the case may be, with any such increase in the G&A Expenses Limits subject
to the approval of the Conflicts Committee. After the third anniversary of the date of this Agreement, the G&A Expenses Limits will no longer apply and the General Partner will determine the amount of
general and administrative expenses that will be properly allocated to the Enogex Group and the Partnership Group in accordance with the terms of the Partnership Agreement. The G&A Expenses Limits
shall not apply to reimbursement for direct expenses of the Enogex Group or the Partnership Group as provided in Section 2.2. 

        Section 2.2    Reimbursement for Direct Expenses.    

        (a)   (i)    The
Enogex Group hereby agrees to reimburse OGE Energy and its Affiliates (other than any Group Member) for all direct expenses and expenditures they
incur or payments they make on behalf of the Enogex Group, including, but not limited to, (A) salaries of operational personnel performing services on the Enogex Group's behalf, the cost of
employee benefits for such personnel and general and administrative expense associated with such personnel, (B) capital expenditures, (C) maintenance and repair costs, (D) taxes
and (E) operating expenses associated with the operation of the Enogex Assets. 

         (ii)    The
Partnership Group hereby agrees to reimburse OGE Energy and its Affiliates (other than any Group Member) for all direct expenses and expenditures they
incur or payments they make on behalf of the Partnership Group, including, but not limited to, (A) salaries of operational personnel performing services on the Partnership Group's behalf, the
cost of employee benefits for such personnel and general and administrative expense associated with such personnel, (B) capital expenditures, (C) maintenance and repair costs,
(D) taxes and (E) operating expenses associated with the operation of the Partnership Assets. 

        (b)   The
Partnership Group hereby agrees to reimburse OGE Energy and its Affiliates (other than any Group Member) for all expenses and expenditures they incur or payments
they make as a result of the Partnership becoming and continuing as a publicly traded entity, including costs associated with annual and quarterly reports to unitholders, tax returns and
Schedule K-1 preparation and distribution, investor relations, independent auditor fees, registrar and transfer agent fees, incremental insurance costs, legal fees and independent
director compensation. 

        (c)   The
obligations of the Enogex Group and the Partnership Group to reimburse OGE Energy and its Affiliates pursuant to this Section 2.2 shall not be subject to any
monetary limitation, including limitations of the type provided by the G&A Expenses Limits contained in Section 2.1. 

ARTICLE III

INDEMNIFICATION  

        Section 3.1    Environmental Indemnification.    

        (a)   Subject
to the provisions of Section 3.3, OGE Energy shall indemnify, defend and hold harmless the Enogex Group from and against any Covered Environmental Losses
suffered or incurred by the Enogex Group relating to the ownership and operation of the Enogex Assets for a period of three (3) years from the Closing Date to the extent that the violation
complained of under clause (i) of the definition of Covered Environmental Losses, the Release referenced in clause (ii) of the definition of Covered Environmental Losses, or such events,
omissions or conditions included in clause (iii) of the definition of Covered Environmental Losses, occurred on or before the Closing Date; provided however, that such indemnity shall not apply
to Covered Environmental Losses to the extent reserved on the books of the Enogex Group as of the Closing Date. 

        (b)   The
Enogex Group shall indemnify, defend and hold harmless OGE Energy and its Affiliates (other than any Group Member) from and against any Covered Environmental Losses
suffered or incurred by OGE Energy or such Affiliates relating to the ownership and operation of the Enogex Assets to the extent that the violation complained of under clause (i) of the
definition of Covered Environmental Losses, the Release referenced in clause (ii) of the definition of Covered Environmental Losses, or such events, omissions or conditions included in
clause (iii) of the definition of Covered Environmental Losses, occurred after the Closing Date; except to the extent that the Enogex Group is indemnified with respect to any such Covered
Environmental Losses under Section 3.1(a). 

        (c)   The
aggregate liability of OGE Energy under Section 3.1(a) shall not exceed $10.0 million. 

        (d)   No
claims may be made against OGE Energy for indemnification pursuant to Section 3.1(a) unless the aggregate dollar amount of Covered Environmental Losses
suffered or incurred by the Enogex Group exceeds $250,000, after such time OGE Energy shall be liable only for Covered Environmental Losses in excess of such amount, subject to the limitation set
forth in Section 3.1(c) above. 

        (e)   Notwithstanding
anything herein to the contrary, in no event shall OGE Energy have any indemnification obligations under this Agreement for claims made as a result of
additions to or modifications of Environmental Laws promulgated after the Closing Date. 

        Section 3.2    Additional Indemnification.    

        (a)   Subject
to the provisions of Section 3.3, OGE Energy shall indemnify, defend and hold harmless (i) the Partnership Group from and against any Losses
suffered or incurred by the Partnership Group by reason of or arising out of the failure of the Partnership Group to have good and marketable title, free and clear of any and all claims, liens,
security interests, mortgages, restrictions, pledges, debts, charges, voting agreements, rights of third parties or other encumbrances or restrictions on transfer of any kind whatsoever
("Liens") to the Membership Interest on the Closing Date and to have on the Closing Date any consent or governmental permit necessary to own the
Membership Interest and to act as the managing member of Enogex pursuant to the terms of the Enogex LLC Agreement and (ii) the Enogex Group and the Partnership Group from and against any Losses
suffered or incurred by the Enogex Group and the Partnership Group, as the case may be, by reason of or arising out of: 

             (A)    the
failure of the Enogex Group to be the owner on the Closing Date of valid and indefeasible easement rights, leasehold and/or fee ownership
interests in and to the lands on which are located any Enogex Assets, and such failure renders the Enogex Group liable or unable to own and use or operate the Enogex Assets in substantially the same
manner that the Enogex Assets were owned and used or operated by OGE Energy or its Affiliates immediately prior to the Closing Date as described in the Registration Statement; 

             (B)    the
failure of the Enogex Group to have on the Closing Date any consent or government permit necessary to allow the Enogex Group to own and
use or operate the Enogex Assets in substantially the same manner that such assets were owned and used or operated by OGE Energy or its Affiliates immediately prior to the Closing Date as described in
the Registration Statement; 

             (C)    all
federal, state and local income tax liabilities attributable to the ownership, management and operation of the Enogex Group and the
Partnership Group or the ownership and operation of the Enogex Assets and the Partnership Assets on or prior to the Closing Date, including (1) any such income tax liabilities of OGE Energy and
its Affiliates (including any Group Member) that may result from the consummation of the formation transactions for the Enogex Group or the Partnership Group and (2) any income tax liabilities
arising under Treasury Regulation 1.1502-6 and any similar provisions from state, local or foreign applicable law, by contract, as successor, transferred or otherwise, or which
income tax is attributable to having been a member of a consolidated, combined or unitary group; and 

             (D)    all
pending legal actions as of the Closing Date against one or more Enogex Group Members or Partnership Group Members or involving or
otherwise relating to one or more Enogex Group Members or Partnership Group Members; 

provided, however, that such indemnity shall not apply to Losses to the extent reserved on the books of
the Enogex Group as of the Closing Date; provided further, however, that, in the case of
clause (ii) above, such indemnification obligations shall survive for three (3) years from the Closing Date except that, in the case of subclause (C) of clause (ii) above,
such indemnification obligations shall survive until sixty (60) days after the expiration of any applicable statute of limitations. 

        (b)   In
addition to and not in limitation of the indemnification provided under this Article III, the Enogex Group shall indemnify, defend, and hold harmless OGE
Energy and its Affiliates (other than any Group Members) from and against any Losses suffered or incurred by OGE Energy or such Affiliates by reason of or arising out of events and conditions
associated with the ownership and operation of the Enogex Assets that occur after the Closing Date (other than Covered Environmental 

Losses,
which are covered by Section 3.1) except to the extent that the Enogex Group is indemnified with respect to any Losses under Section 3.2(a). 

        Section 3.3    Indemnification Procedures.    

        (a)   The
Indemnified Party agrees that within a reasonable period of time after it becomes aware of facts giving rise to a claim for indemnification pursuant to this
Article III, they will provide notice thereof in writing to the Indemnifying Party specifying the nature of and specific basis for such claim; provided,
however, that the Indemnified Party shall not submit claims more frequently than once a calendar quarter (or twice in the case of the last calendar quarter prior to the
expiration of the applicable indemnity coverage under this Agreement). 

        (b)   The
Indemnifying Party shall have the right to control all aspects of the defense of (and any counterclaims with respect to) any claims brought against the Indemnified
Party that are covered by the indemnification set forth in this Article III, including, without limitation, the selection of counsel, determination of whether to appeal any decision of any
court or similar authority and the settling of any such matter or any issues relating thereto; provided, however, that no such settlement shall be
entered into without the consent (which consent shall not be unreasonably withheld, conditioned or delayed) of the Indemnified Party unless it includes a full release of the Indemnified Party from
such matter or issues, as the case may be. 

        (c)   The
Indemnified Party agrees to cooperate fully with the Indemnifying Party with respect to all aspects of the defense of any claims covered by the indemnification set
forth in this Article III, including, without limitation, the prompt furnishing to the Indemnifying Party of any correspondence or other notice relating thereto that the Indemnified Party may
receive, permitting the names of the Indemnified Party to be utilized in connection with such defense, the making available to the Indemnifying Party of any files, records or other information of the
Indemnified Party that the Indemnifying Party considers relevant to such defense and the making available to the Indemnifying Party of any employees of the Indemnified Party;  provided, however, that in connection therewith the Indemnifying Party agrees to use reasonable efforts
to minimize the impact thereof on the operations of the Indemnified Party and further agrees to maintain the confidentiality of all files, records and other information furnished by the Indemnified
Party pursuant to this Section 3.3. In no event shall the obligation of the Indemnified Party to cooperate with the Indemnifying Party as set forth in the immediately preceding sentence be
construed as imposing upon the Indemnified Party an obligation to hire and pay for counsel in connection with the defense of any claims covered by the indemnification set forth in this
Article III; provided, however, that the Indemnified Party may, at its own option, cost and
expense, hire and pay for counsel in connection with any such defense. The Indemnifying Party agrees to keep any such counsel hired by the Indemnified Party reasonably informed as to the status of any
such defense, but the Indemnifying Party shall have the right to retain sole control over such defense. 

        (d)   In
determining the amount of any Loss or Covered Environmental Loss for which the Indemnified Party is entitled to indemnification under this Agreement, the gross amount
of the indemnification will be reduced by (i) any insurance proceeds realized by the Indemnified Party with respect to the indemnified matter, net of any incremental insurance premium that
becomes due and payable by the Indemnified Party as a result of such claim and (ii) all amounts recovered by the Indemnified Party under contractual indemnities from third Persons. The
Partnership hereby agrees to use commercially reasonable efforts to realize any applicable insurance proceeds or amounts recoverable under such contractual indemnities. 

ARTICLE IV

MISCELLANEOUS  

        Section 4.1    Choice of Law; Submission to Jurisdiction.    

        This
Agreement shall be subject to and governed by the laws of the State of Oklahoma, excluding any conflicts-of-law rule or principle that might refer the
construction or interpretation of this Agreement to the laws of another state. Each Party hereby submits to the jurisdiction of the state and federal courts in the State of Oklahoma and to venue in
Oklahoma City, Oklahoma. 

        Section 4.2    Notice.    

        All
notices or other communications provided for by, or permitted to be given pursuant to, or otherwise in connection with 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 transmitting by national overnight courier
or by delivering such notice in person or by facsimile to such Party. Notice given by mail, national overnight courier or personal delivery shall be effective upon actual receipt. Notice given by
facsimile shall be effective upon confirmation of receipt when transmitted by facsimile if transmitted during the recipient's normal business hours or at the beginning of the recipient's next business
day after receipt if not transmitted 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. 

If
to OGE Energy: 

OGE
Energy Corp.

321 North Harvey

Oklahoma City, Oklahoma 73101-0321

Attention: General Counsel

Fax:                         

Email:                          

If
to the Partnership Entities: 

OGE
Enogex Partners L.P.

600 Central Park Two, 515 Central Park Drive

Oklahoma City, Oklahoma 73124

Attention: General Counsel

Fax:                         

Email:                          

If
to any Enogex Group Member: 

Enogex
LLC

600 Central Park Two, 515 Central Park Drive

Oklahoma City, Oklahoma 73124

Attention: General Counsel

Fax:                         

Email:                          

        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    Termination.    

        Notwithstanding
any other provision of this Agreement, if the General Partner is removed as general partner of the Partnership upon the requisite vote by holders of Outstanding Units
under circumstances where Cause does not exist and no Units held by the General Partner and its Affiliates are voted in favor of such removal, this Agreement, other than the provisions set forth in
Article III hereof, may immediately thereupon be terminated by either the General Partner or OGE Energy. This Agreement, other than the provisions set forth in Article III hereof, shall
also terminate upon a Change of Control of the General Partner or the Partnership, other than any Change of Control of the General Partner or the Partnership that may be deemed to have occurred
pursuant to clause (iv) of the definition of Change of Control solely as a result of a Change of Control of OGE Energy; provided, however, that the parties acknowledge and agree that the sale
or transfer by OGE Energy or its Affiliates (other than any Partnership Group Member) to a Partnership Group Member of the membership interests of Enogex will not, by itself, give rise to the right to
terminate this Agreement pursuant to this Section 4.4. 

        Section 4.5    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 4.6    Amendment or Modification.    

        This
Agreement may be amended or modified from time to time only by the written agreement of all the Parties hereto; provided,  however, that the Partnership may
not, without the prior approval of the Conflicts Committee, agree to any amendment or modification of this Agreement
that, in the reasonable discretion of the General Partner, will adversely affect the holders of Common Units. Each such instrument shall be reduced to writing and shall be designated on its face an
"Amendment" or an "Addendum" to this Agreement. 

        Section 4.7    Assignment; Third Party Beneficiaries; Rights of Third Parties.    

        No
Party shall have the right to assign any of its rights or obligations under this Agreement without the prior written consent of the other Parties hereto. Each of the Parties hereto
specifically intends that each entity comprising the Partnership Entities and the Enogex Group, 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. Except as set forth in this
Section 4.7, no shareholder, limited partner, member or assignee of OGE Energy, the Partnership or Enogex, as the case may be, or other Person shall have the right, separate and apart from OGE
Energy, the Partnership or Enogex to enforce any provision of this Agreement or to compel any Party to this Agreement to comply with the terms of this Agreement. 

        Section 4.8    Counterparts.    

        This
Agreement may be executed in any number of counterparts with the same effect as if all signatory parties had signed the same document. All counterparts shall be construed together
and shall constitute one and the same instrument. 

        Section 4.9    Severability.    

        If
any provision of this Agreement shall be held invalid or unenforceable by a court or regulatory body of competent jurisdiction, the remainder of this Agreement shall remain in full
force and effect. 

        Section 4.10    Further Assurances.    

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

        Section 4.11    Successors.    

        This
Agreement shall bind and inure to the benefit of the Parties and to their respective successors and assigns. 

[Signature Page Follows]  

        IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first written above. 

	 	OGE ENERGY CORP.	 
	

 	

By:	

 	

 	

 
	 	 	

	 	Name:	 	 	 
	 	Title:	 	 	 
	

 	

OGE ENOGEX HOLDINGS LLC
	

 	

By:	

OGE ENERGY CORP., as Sole Member
	

 	

 	

By:	

 	

 
	 	 	 	

	 	 	Name:	 	 
	 	 	Title:	 	 
	

 	

OGE ENOGEX GP LLC	

 
	

 	

By:	

 	

 	

 
	 	 	

	 	Name:	 	 	 
	 	Title:	 	 	 
	

 	

OGE ENOGEX PARTNERS L.P.
	

 	

By:	

OGE ENOGEX GP LLC, as General Partner
	

 	

 	

By:	

 	

 
	 	 	 	

	 	 	Name:	 	 
	 	 	Title:	 	 

        [Signature Page to the Omnibus Agreement]

	 	ENOGEX OPERATING LLC	 
	

 	

By:	

OGE ENOGEX PARTNERS L.P., as Sole Member
	

 	

 	

By:	

OGE ENOGEX GP LLC., as General Partner
	

 	

 	

By:	

 	

 
	 	 	 	

	 	 	Name:	 	 
	 	 	Title:	 	 
	

 	

ENOGEX LLC	

 
	

 	

By:	

 	

 	

 
	 	 	

	 	Name:	 	 	 
	 	Title:	 	 	 

        [Signature Page to the Omnibus Agreement]

QuickLinks

Exhibit 10.3

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