Document:

ex10-9.htm

Exhibit 10.9

ASSIGNMENT, CONVEYANCE AND BILL OF SALE

	
STATE OF COLORADO

	
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KNOW ALL MEN BY THESE PRESENTS THAT:

	
COUNTIES OF WELD AND MORGAN

	
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THIS ASSIGNMENT, CONVEYANCE AND BILL OF SALE (this “Assignment”), dated effective as of 7:00 a.m. Mountain Time on January 1, 2015 (the “Effective Time”), is made by and between Pacific Energy Development Corp., a Nevada corporation (“Assignor”) with an address of 4125 Blackhawk Plaza Circle, Suite 201A, Danville, California 94506, and Condor Energy Technology LLC, a Nevada limited liability company (“Assignee”), having an address of c/o MIE Energy Corporation, 2203 Timberloch Place, Spring, Texas, 77380 .

 

For and in consideration of ONE HUNDRED DOLLARS ($100), and other good and valuable consideration, receipt of which is hereby acknowledged, Assignor does hereby assign, transfer and convey unto Assignee, effective for all purposes as of the Effective Time, and subject to the terms and conditions of this Assignment, all of Assignor’s right, title and interest in and to the following (collectively, the “Properties”), excepting and reserving the Excluded Properties (as defined herein):

 

	
  

	
(i)

	
The leasehold estates created by the oil and gas leases described on Exhibit A (the “Leases”), insofar and only insofar as the Leases cover the lands described on Exhibit A (the “Lands”).

	
  

	
(ii)

	
The oil and gas production wells, injection wells, pressure maintenance wells and salt water disposal wells located upon the Lands, whether producing or non-producing, which are set forth in Exhibit B (collectively, the “Wells”).

	
  

	
(iii)

	
The equipment, personal property, facilities, improvements, structures and fixtures located on the Lands as of the Effective Time, or used in connection with the Leases or the Wells, for the production, gathering, treatment, compression, transportation, processing, sale or disposal of hydrocarbons or water produced from the Wells, including all wells, well-bores, casing, tubing, wellheads, gauges, valves, rods, tanks, pumps, flow lines, separators, treaters, compressors, pipelines and other improvements (collectively, the “Equipment”).

	
  

	
(iv)

	
The oil, gas, condensate and other hydrocarbon production (the “Production”) produced from the Lands covered by the Leases, or attributable thereto, or to lands pooled or unitized therewith, from and after the Effective Time.

	
  

	
(v)

	
The easements, rights-of-way, permits, licenses, servitudes, access agreements, surface use agreements or other similar interests related to the Leases, the Lands or the Wells (collectively, the “Surface Rights”).

	
  

	
(vi)

	
The agreements, contracts, licenses, permits, options, grants, leases, franchises and other documents related to the ownership or operation of the Leases and Lands, the Wells, the Equipment, the Production, and the Surface Rights, including farm-out agreements, participation agreements, model form operating agreements, unit agreements, area of mutual interest agreements, communitization agreements, pooling agreements, product sale agreements, division orders, processing agreements, transportation agreements, water disposal agreements, options, orders and decisions of state and federal regulatory authorities (collectively, the “Material Contracts”).

  

Page 1 of 6

  

	
  

	
(viii)

	
All of Assignor’s records and files directly related to the Leases and Lands, the Wells, the Equipment, the Production, the Surface Rights and the Material Contracts (collectively, the “Records”) including: (A) leases, assignments, contracts, rights of way, surveys, maps, plats, correspondence, and other documents and instruments; (B) division of interest, suspended funds data, and accounting records (excluding Assignor’s state and federal income tax information); (C) severance, production and property tax records; and (D) well files, logs, operations and maintenance records.

EXCEPTING AND RESERVING unto Assignor, and the term “Properties” as used herein shall not include, the following (collectively, the “Excluded Properties”):

 

	
  

	
(a)

	
The Production with respect to all periods prior to the Effective Time, together with all proceeds from and rights relating to the sale of such Production.

 

	
  

	
(b)

	
All funds, monies, proceeds, income, revenues, credits, receipts and benefits (and any security, deposits, advances or prepayments) attributable to the Properties or the operation thereof prior to the Effective Time, and the Excluded Properties.

 

	
  

	
(c)

	
All of Assignor’s Claims for any refund of or loss carry forwards with respect to: (i) production, severance, ad valorem or other taxes attributable to the Properties for any period prior to the Effective Time; (ii) income or franchise taxes; and (iii) any taxes attributable to the Excluded Properties.

 

	
  

	
(d)

	
All of Assignor’s Claims (as hereafter defined), causes of action and chooses in action: (i) arising from acts, omissions or events, or damage to or destruction of property, occurring prior to the Effective Time; (ii) arising under or with respect to any of the Leases and the Material Contracts that are attributable to periods of time prior to the Effective Time (including audit rights, and claims for overpayments, adjustments or refunds); or (iii) with respect to any of the Excluded Properties.

 

	
  

	
(e)

	
All of Assignor’s claims for all periods prior to the Effective Time under any policy or agreement of insurance held in the name of Assignor (as a non-operator of the Wells), and any other indemnity, surety, guaranty or bond held in the name of Assignor (as a non-operator of the Wells).

 

	
  

	
(f)

	
[Intentionally Omitted].

 

	
  

	
(g)

	
All documents, memoranda, correspondence and other communications that may be protected by an attorney-client privilege or the attorney work-product privilege.

 

	
  

	
(h)

	
All agreements, memoranda and correspondence among Assignor, its subsidiaries and affiliates (other than Assignee), and their respective officers, directors, shareholders, managers, members, partners, employees, accountants, attorneys, bankers, investment bankers, advisors, consultants, agents and representatives (collectively, “Assignor Group”), and prospective purchasers of the Properties, and their respective officers, directors, shareholders, managers, members and employees including contact lists, sales materials, confidentiality agreements, bids, offers, analyses, and draft agreements.

 

	
  

	
(i)

	
All of Assignor’s corporate, financial, accounting and tax records, except those tax records for production, severance and property taxes specifically relating to the Properties or which are directly related to Assignee’s ownership or operation of the Properties.

 

  

Page 2 of 6

  

TO HAVE AND TO HOLD the Properties unto Assignee, and Assignee’s successors and assigns, subject to the following terms and conditions:

 

1.          “Subject to” certain Liabilities. Except to the extent herein expressly provided, this Assignment is accepted subject to, and Assignee hereby agrees to bear and perform (but without assuming), all of the duties, liabilities and obligations arising in connection with or related to the Properties, including: (i) all express and implied covenants, duties, obligations and liabilities under the terms of the Leases, the Surface Rights, and the Material Contracts; (ii) all costs and expenses attributable to the ownership, exploration, development and operation of the Properties, from and after the Effective Time; (iii) all royalties, overriding royalties, production payments, net profits obligations, rentals, shut-in payments and similar burdens to which the Properties are subject accruing on and after the Effective Time (subject to Section 3 in regard to Suspense Funds); (iv) all taxes attributable to periods from after the Effective Time; (v) compliance with all applicable laws pertaining to the Properties, including the procurement and maintenance of all permits required by public authorities in connection with the Properties from and after the Effective Time; (vi) the condition of the Properties both surface and subsurface as of the Effective Time (including all obligations to properly plug and abandon, or re-plug and re-abandon, all wells that are located on the Properties, to restore the surface of the Lands, and to comply with, or to bring the Properties into compliance with law, including conducting any remediation activities, investigations, feasibility studies, and other clean-up activities which may be required); and (vii) to the maximum extent permitted by law, all other matters related to the Properties (including title and environmental matters), regardless of whether such matters arose before or after the Effective Time (the “Existing Conditions”). Notwithstanding the foregoing, to the extent that any of the foregoing matters or conditions to which Assignee agreed to accept the Properties “subject to” are later discovered to have been undisclosed or undiscovered due to the fraud, intentional misrepresentation, gross negligence, willful misconduct of Assignor, Assignor shall remain liable, to the extent of such retained liability (the “Retained Liabilities”) and such Retained Liabilities shall be deemed excluded from the Existing Conditions.

2.           Allocation of Cost and Expense. Except as otherwise provided in this Assignment, all income, revenue, cost and expense attributable to the Properties shall be allocated between Assignor and Assignee as of the Effective Time. Assignor shall own and be entitled to all income, proceeds and revenues attributable to the Properties prior to the Effective Time, and Assignee shall own and be entitled to all income, proceeds and revenues attributable to the Properties from and after the Effective Time. Except as otherwise provided in this Assignment, Assignor shall bear and pay all cost and expense attributable to the Properties prior to the Effective Time, and Assignee shall bear and pay all costs and expense attributable to the Properties from and after the Effective Time. On or before 90 days after the Effective Time, Assignor and Assignee shall agree upon any adjustments pursuant to this Section, and the party owing any amounts shall promptly pay to the other party such amounts.

3.           [Intentionally Omitted].

 

4.           Special Warranty of Title. Assignor warrants title to the Lands described on Exhibit A and the working interests and net revenue interests in the Wells described on Exhibit B, free and clear of all liens and encumbrances arising by, through and under Assignor, but not otherwise, subject to and burdened by the terms and conditions of this Assignment, the Leases, the Surface Rights, the Material Contracts, and all other similar burdens on the Lands recorded in the real property records of Weld and Morgan Counties, Colorado, as of the Effective Time.

5.           [Intentionally Omitted].

  

Page 3 of 6

  

6.           Disclaimers.

(a)           EXCEPT FOR THE SPECIAL WARRANTY OF TITLE CONTAINED HEREIN, THE PROPERTIES ARE BEING CONVEYED BY ASSIGNOR TO ASSIGNEE WITHOUT WARRANTY OF ANY KIND, EXPRESS, IMPLIED, STATUTORY, AT COMMON LAW OR OTHERWISE, AND THE PARTIES HEREBY EXPRESSLY DISCLAIM, WAIVE AND RELEASE ANY WARRANTY OF MERCHANTABILITY, CONDITION, SAFETY OR FITNESS FOR A PARTICULAR PURPOSE, AND SUBJECT TO THE RETAINED LIABILITIES OF ASSIGNOR, IS ANY, ASSIGNEE ACCEPTS THE PHYSICAL CONDITION OF THE PROPERTIES “AS IS, WHERE IS, AND WITH ALL FAULTS” CONDITION AND STATE OF REPAIR. EXCEPT TO THE EXTENT OF ASSIGNOR’S RETAINED LIABILITIES, ASSIGNOR SHALL HAVE NO LIABILITY TO ASSIGNEE FOR ANY CLAIMS CAUSED OR ALLEGED TO BE CAUSED DIRECTLY, INDIRECTLY, INCIDENTALLY OR CONSEQUENTIALLY, BY THE  DESCRIPTIONS OF THE PROPERTIES, BY ANY INADEQUACY THEREOF OR THEREWITH, ARISING IN STRICT LIABILITY OR OTHERWISE, OR IN ANY WAY ARISING OUT OF ASSIGNEE’S PURCHASE THEREOF. THE PARTIES HEREBY ACKNOWLEDGE AND AGREE THAT, TO THE EXTENT REQUIRED BY APPLICABLE LAW, THE DISCLAIMERS CONTAINED IN THIS ASSIGNMENT ARE “CONSPICUOUS” FOR THE PURPOSES OF SUCH APPLICABLE LAW.

(b)           EACH PARTY HEREBY EXPRESSLY DISCLAIMS, WAIVES AND RELEASES ANY AND ALL WARRANTIES, EXPRESS, IMPLIED, STATUTORY, AT COMMON LAW OR OTHERWISE, RELATING TO THE ACCURACY OF ANY OF THE INFORMATION FURNISHED WITH RESPECT TO THE EXISTENCE OR EXTENT OF RESERVES, THE VALUE OF THE PROPERTIES BASED THEREON, OR THE CONDITION OR STATE OF REPAIR OF THE PROPERTIES. THIS DISCLAIMER EXTENDS TO ANY REPRESENTATION OR WARRANTY AS TO THE PRICES ASSIGNEE AND/OR ASSIGNOR ARE OR WILL BE ENTITLED TO RECEIVE FROM THE PRODUCTION FROM THE PROPERTIES, IT BEING ACKNOWLEDGED AND AGREED THAT ALL RESERVE, PRICE AND VALUE ESTIMATES UPON WHICH ASSIGNEE HAS RELIED OR IS RELYING HAVE BEEN DERIVED BY THE INDIVIDUAL EVALUATION OF ASSIGNEE. ALSO, ASSIGNEE ACKNOWLEDGES AND AGREES THAT RESERVE REPORTS ARE ESTIMATES ONLY OF PROJECTED FUTURE OIL AND/OR GAS VOLUMES, FUTURE FINDING COSTS AND FUTURE OIL AND/OR GAS SALES PRICES, ALL OF WHICH FACTORS ARE INHERENTLY IMPOSSIBLE TO PREDICT ACCURATELY EVEN WITH ALL AVAILABLE DATA AND INFORMATION.

(c)           THE PARTIES HEREBY ACKNOWLEDGE AND AGREE THAT THEY ARE NOT “CONSUMERS” WITHIN THE MEANING OF ANY DECEPTIVE TRADE PRACTICES OR CONSUMER PROTECTION ACT, OR ANY APPLICABLE LAW. ASSIGNEE HEREBY EXPRESSLY DISCLAIMS, WAIVES AND RELEASES ALL OF ASSIGNEE’S RIGHTS AND REMEDIES UNDER ALL APPLICABLE LAW WHICH MAY AFFORD CONSUMERS SPECIAL RIGHTS AND PROTECTIONS. AFTER CONSULTATION WITH AN ATTORNEY OF ASSIGNEE’S OWN SELECTION, ASSIGNEE VOLUNTARILY CONSENTS TO THIS WAIVER AND RELEASE. TO EVIDENCE ASSIGNEE’S ABILITY TO GRANT SUCH WAIVER, ASSIGNEE HEREBY REPRESENTS AND WARRANTS TO ASSIGNOR THAT: (i) ASSIGNEE IS NOT IN A SIGNIFICANTLY DISPARATE BARGAINING POSITION; (ii) ASSIGNEE IS REPRESENTED BY LEGAL COUNSEL IN ENTERING INTO THIS ASSIGNMENT; AND (iii) SUCH LEGAL COUNSEL WAS NOT, DIRECTLY OR INDIRECTLY, IDENTIFIED, SUGGESTED OR SELECTED BY ASSIGNOR OR ANY AGENT OF ASSIGNOR.

  

Page 4 of 6

  

 

7.           Recording.  Assignee, at Assignee’s sole cost and expense, shall promptly file this Assignment for recording in the appropriate offices of the counties in which the Lands are located. Assignee shall promptly deliver to Assignor true and accurate photocopies of this Assignment with the recording information thereon, promptly after Assignee’s receipt thereof. Assignee shall pay all sales, use, transfer, documentary, recording, filing, stamp, registration and other similar taxes and fees incurred or may be imposed in connection with this Assignment, and indemnify, defend, release and hold harmless Assignor with respect thereto.

8.           Exhibits. All exhibits attached hereto are hereby incorporated herein and made a part hereof for all purposes, as if set forth in full herein. References in such exhibits to instruments on file in the public records are hereby incorporated by reference herein for all purposes.

9.           Successors and Assigns. This Assignment shall inure to the benefit of and be binding upon the parties hereto, and their respective successors and assigns.

10.         Third Parties. This Assignment shall not confer any rights, benefits or remedies to any person or entity not a party hereto.

11.         Governing Law. This Assignment shall be governed and construed in accordance with the laws of the State of Colorado, without giving effect to principles of conflicts of laws that would result in the application of the laws of another jurisdiction.

12.         Attorneys’ Fees. In the event of any disputes related to this Assignment, the prevailing party shall recover its court costs, out-of-pocket costs, expert witness fees and reasonable attorneys’ fees from the opposing party.

13.         Interpretation. For purposes of interpreting the provisions of this Assignment, Assignor and Assignee acknowledge and agree that Assignor and Assignee have equal bargaining power and position, and that no provision of this Assignment shall be interpreted or construed adverse to or against one party or the other as a result of the drafting, preparation or execution of this Assignment.  The word “including” (as used herein in its various forms) means including without limitation.

14.         Imaged Documents, Counterparts.   Any document generated by the parties with respect to this Assignment including this Assignment, may be imaged and stored electronically (“Imaged Documents”).  Imaged Documents may be introduced as evidence in any proceeding as if such were original business records and neither party shall contest the admissibility of Imaged Documents as evidence in any proceeding.  This Assignment may be executed in counterparts, whether by facsimile, portable document format or otherwise, each of which shall be deemed to be an original, but all of which together shall constitute one agreement.

15.         Further Assurances.   The parties hereto agree to take all such further actions and execute, acknowledge and deliver all such further documents that may be necessary or useful for the purpose of giving effect to this Assignment

 

	
[signature and acknowledgement pages follow]

 

  

Page 5 of 6

  

 

EXECUTED to be effective for all purposes as of the Effective Time.

	
ASSIGNOR:

Pacific Energy Development Corp.

By: /s/Frank C. Ingriselli      

Name:  Frank C. Ingriselli

Title:  Chief Executive Officer

	
ASSIGNEE:

Condor Energy Technology LLC

By:      /s/Michael L. Peterson       

Name: Michael L. Peterson

Title:   President and CFO

 

ACKNOWLEDGMENTS

 

	
STATE OF

	 CA	 	
§

	  
	  	  	 	
§

	  
	
COUNTY OF

	 Contra Costa	 	
§

	  

This instrument was acknowledged before me this  18  day of  February  2015, by   Frank C. Ingriselli, known to me to be the ____________ of Pacific Energy Development Corp., who affirmed that the foregoing instrument was signed on behalf of the company and that the execution of this instrument was the free act and deed of the company.

	  	 /s/Valentina Babichev	 
	  	 Notary Public in and for the State of 	 CA	 

 

 

	
STATE OF

	 CA	 	
§

	  
	  	  	 	
§

	  
	
COUNTY OF

	 Contra Costa	 	
§

	  

This instrument was acknowledged before me this  18  day of  February  2015, by  Michael L. Peterson, known to me to be the ____________ of Condor Energy Technology LLC, who affirmed that the foregoing instrument was signed on behalf of the company and that the execution of this instrument was the free act and deed of the company.

 

	  	 /s/Valentina Babichev	 
	  	 Notary Public in and for the State of 	 CA	 

 

 

 

  

Page 6 of 6

  

 

EXHIBIT A

 

	
Lessor

	
Lessee

	
Effective  Date

	
County

	
Recording

	
T

	
R

	
S

	
Description

	
Lease #9519.8 - State of Colorado Board of Land Commissioners

	
Contex Energy Company

	
2/21/08

	
Weld

	
3602459

	
7N

	
59W

	
16

	
ALL

	
Lease #9520.8 - State of Colorado Board of Land Commissioners

	
Contex Energy Company

	
2/21/08

	
Weld

	
3602460

	
7N

	
59W

	
34

	
W/2

	
City of Wray,Colorado, a Municipal Corporation, represented herein by Kris Jones, Mayor

	
Baseline Minerals, Inc.

	
12/1/10

	
Weld

	
Memo 3746211

	
7N

	
60W

	
23

	
W2

	
The United Methodist Church of Wray, a Colorado non-profit corporation in trust, represented herein by Robert L. Schneider, Trustee

	
Baseline Minerals, Inc.

	
12/1/10

	
Weld

	
Memo 3746209

	
7N

	
60W

	
23

	
W2

	
Wray Area Foundation, Inc., a Colorado, non-profit corporation, represented herein by Lance Bohall

	
Baseline Minerals, Inc.

	
12/1/10

	
Weld

	
Memo 3746210

	
7N

	
60W

	
23

	
W2

	
McCulliss Oil and Gas

	
Condor Energy Technology, LLC

	
2/23/13

	
Weld

	
3967405

	
7N

	
59W

	
20

	
E2

	
Paul McCulliss

	
Condor Energy Technology, LLC

	
2/23/13

	
Weld

	
3967404

	
7N

	
59W

	
20

	
E2

	
Cherie Lynn Solomon, a married woman dealing in her sole and separate property

	
Condor Energy Technology, LLC

	
8/19/13

	
Weld

	
3964361

	
7N

	
59W

	
28

	
E2

	
The Willoughby Family Trust, by Lynette Willoughby, Trustee

	
Condor Energy Technology, LLC

	
8/19/13

	
Weld

	
Memo 3945940, Ratification 3948931

	
7N

	
59W

	
28

	
E2

	
Milton Nazaryk, aka Milton P. Nazaryk, a married man dealing in his sole and separate property

	
Condor Energy Technology, LLC

	
8/19/13

	
Weld

	
3945929

	
7N

	
59W

	
28

	
E2

	
Rodney S. Marcum, a married man, dealing in his sole and separate property

	
Condor Energy Technology, LLC

	
9/2/13

	
Weld

	
3950194

	
7N

	
59W

	
17

	
S2

	
Sharon Colson, a married person, dealing in her sole and separate property

	
Condor Energy Technology, LLC

	
9/4/13

	
Weld

	
3948484

	
7N

	
59W

	
17

	
S2

	
Virginia R. Potter, a single person

	
Condor Energy Technology, LLC

	
9/4/13

	
Weld

	
3948489

	
7N

	
59W

	
17

	
S2

	
Melvin H. Brantley, a single person

	
Condor Energy Technology, LLC

	
9/8/13

	
Weld

	
3941725

	
7N

	
59W

	
17

	
N2

	
Richard C. Brantley and Lodean L. Brantley, husband and wife

	
Condor Energy Technology, LLC

	
9/8/13

	
Weld

	
3943554

	
7N

	
59W

	
17

	
N2

	
Lutin Curlee Family Partnership LTD., a Colorado Limited Partnership

	
Condor Energy Technology, LLC

	
9/8/13

	
Weld

	
3945930

	
7N

	
59W

	
8

	
S2

	
Mary Thompson, Power of Attorney for Steven Arthur Memovich

	
Condor Energy Technology, LLC

	
9/9/13

	
Weld

	
3967406

	
7N

	
59W

	
18

	
NW4, SW4, SE.4

	
Connie L. Green, a married woman dealing in her sole and separate property

	
Condor Energy Technology, LLC

	
9/9/13

	
Weld

	
3943540

	
7N

	
59W

	
33

	
E2

	
Connie L. Green, a married woman dealing in her sole and separate property

	
Condor Energy Technology, LLC

	
9/9/13

	
Weld

	
3943540

	
7N

	
59W

	
34

	
E2

	
Roger Hilzer, a married man dealing in his sole and separate property

	
Condor Energy Technology, LLC

	
9/9/13

	
Weld

	
3939846

	
7N

	
59W

	
33

	
E2

	
Roger Hilzer, a married man dealing in his sole and separate property

	
Condor Energy Technology, LLC

	
9/9/13

	
Weld

	
3939846

	
7N

	
59W

	
34

	
E2

	
Dianne Y. Fuller, a married woman dealing in her sole and separate property

	
Condor Energy Technology, LLC

	
9/12/13

	
Weld

	
3943532

	
7N

	
59W

	
33

	
E2

	
Dianne Y. Fuller, a married woman dealing in her sole and separate property

	
Condor Energy Technology, LLC

	
9/12/13

	
Weld

	
3943532

	
7N

	
59W

	
34

	
E2

	
James C. Young, Jr., a married man dealing in his sole and separate property

	
Condor Energy Technology, LLC

	
9/12/13

	
Weld

	
3943539

	
7N

	
59W

	
33

	
E2

	
James C. Young, Jr., a married man dealing in his sole and separate property

	
Condor Energy Technology, LLC

	
9/12/13

	
Weld

	
3943539

	
7N

	
59W

	
34

	
E2

	
John W. Young, a single man

	
Condor Energy Technology, LLC

	
9/12/13

	
Weld

	
3943544

	
7N

	
59W

	
33

	
E2

	
John W. Young, a single man

	
Condor Energy Technology, LLC

	
9/12/13

	
Weld

	
3943544

	
7N

	
59W

	
34

	
E2

	
Doris L. Poush, a widow

	
Baseline Minerals, Inc.

	
11/3/10

	
Weld

	
Memo 3755306

	
7N

	
59W

	
17

	
S2

	
The Irene M. Kosch Living Trust, dated January 31, 2006, represented herein by Christina A. Sawyer, Trustee

	
Baseline Minerals, Inc.

	
11/3/10

	
Weld

	
Memo 3755307

	
7N

	
59W

	
17

	
S2

	
The Albert E. Radinsky Trust, represented herein by William Litvak, Trustee of the trust

	
Baseline Minerals, Inc.

	
12/10/10

	
Weld

	
Memo 3749643

	
7N

	
60W

	
13

	
E2SE4

	
The Albert E. Radinsky Trust, represented herein by William Litvak, Trustee of the trust

	
Baseline Minerals, Inc.

	
12/10/10

	
Weld

	
Memo 3749643

	
7N

	
60W

	
24

	
E2E2, SWNE, NWSE

 

  

A - 1

  

 

	
John E. Ford Family Trust,  dated March 6, 2005

	
Condor Energy Technology, LLC

	
12/13/13

	
Weld

	
4006946

	
7N

	
59W

	
21

	
SE4

	
Patty L.  Ford

	
Condor Energy Technology, LLC

	
12/13/13

	
Weld

	
4006945

	
7N

	
59W

	
21

	
NE4, W2

	
John E. Ford Family Trust, dated March 6, 2005

	
Condor Energy Technology, LLC

	
11/10/13

	
Weld

	
4006947

	
7N

	
59W

	
32

	
ALL

	
Patty L.  Ford

	
Condor Energy Technology, LLC

	
12/13/13

	
Weld

	
4006945

	
7N

	
60W

	
13

	
SW4NE4, SE4

	
Kathryn B. Yahn, a single woman

	
Baseline Minerals, Inc.

	
7/11/11

	
Weld

	
Memo 3786033

	
7N

	
59W

	
8

	
SW,N2SE, S2SE

	
Anthony Dicroce, a widower

	
Baseline Minerals, Inc.

	
7/12/11

	
Weld

	
Memo 3792462

	
7N

	
59W

	
28

	
W2

	
Karen S. Raymond, a single woman

	
Baseline Minerals, Inc.

	
7/12/11

	
Weld

	
Memo 3792459

	
7N

	
59W

	
28

	
W2

	
Marilyn L. Raymond, a single woman

	
Baseline Minerals, Inc.

	
7/12/11

	
Weld

	
Memo 3788922

	
7N

	
59W

	
28

	
W2

	
Beverly A. Ditolla, a single woman

	
Baseline Minerals, Inc.

	
7/13/11

	
Weld

	
Memo 3792467

	
7N

	
59W

	
28

	
W2

	
Patricia S. Ditolla, a single woman

	
Baseline Minerals, Inc.

	
7/13/11

	
Weld

	
Memo 3792466

	
7N

	
59W

	
28

	
W2

	
Lynn S. Cutrer, a/k/a Lynn Francis Stark Cutrer, a single woman

	
Baseline Minerals, Inc.

	
7/14/11

	
Weld

	
Memo 3792457

	
7N

	
59W

	
34

	
E2

	
Blake LaRue, a/k/a William Blake LaRue, married to Bonnie P. LaRue, dealling herein with his sole and separate property

	
Baseline Minerals, Inc.

	
7/15/11

	
Weld

	
Memo 3788918

	
7N

	
59W

	
34

	
E2

	
Robert D. LaRue, a/k/a Robert Driscoll LaRue, married to Edell E. LaRue, dealing herein with his sole and separate property

	
Baseline Minerals, Inc.

	
7/15/11

	
Weld

	
Memo 3788923

	
7N

	
59W

	
34

	
E2

	
David W. Ferguson Trust

	
Baseline Minerals, Inc.

	
7/18/11

	
Weld

	
Memo 3792453

	
7N

	
59W

	
28

	
W2

	
Alan B. Hall, a/k/a Alan Bradley Hall, married to Kelly McMsnyderahon Hall, dealing herein with his sole and separate property

	
Baseline Minerals, Inc.

	
7/18/11

	
Weld

	
Memo 3792458

	
7N

	
59W

	
34

	
E2

	
Robert M. McDannald, Jr., a/k/a Robert Morris McDannald, Jr., married to Katin C. Pontikes, dealing herein with his sole and separate property

	
Baseline Minerals, Inc.

	
7/20/11

	
Weld

	
Memo 3786034

	
7N

	
59W

	
34

	
E2

	
Dorothy A. Menzies, a widow

	
Baseline Minerals, Inc.

	
7/22/11

	
Weld

	
Memo 3798015

	
7N

	
59W

	
28

	
W2

	
Jane M. Russell, a single woman

	
Baseline Minerals, Inc.

	
7/25/11

	
Weld

	
Memo 3788920

	
7N

	
59W

	
34

	
E2

	
Jerry M. McDannald Estate, represented by Jane M. Russell, Executor

	
Baseline Minerals, Inc.

	
7/25/11

	
Weld

	
Memo 3788919

	
7N

	
59W

	
34

	
E2

	
Mary Ann Smith, married to Edward Smith, dealing herein with her sole and separate property

	
Baseline Minerals, Inc.

	
7/25/11

	
Weld

	
Memo 3792452

	
7N

	
59W

	
34

	
E2

	
Jolynn McDannald Brailas Bypass Trust, represented herein by Alexander Brailas, Trustee

	
Baseline Minerals, Inc.

	
7/26/11

	
Weld

	
Memo 3788917

	
7N

	
59W

	
34

	
E2

	
Michael J. Dailey, a single man

	
Baseline Minerals, Inc.

	
8/1/11

	
Weld

	
Memo sent for recording

	
7N

	
59W

	
34

	
E2

	
Patrick L. Dailey, married to Diane Dailey, and dealing herein with his sole and separate property

	
Baseline Minerals, Inc.

	
8/1/11

	
Weld

	
Memo 3795157

	
7N

	
59W

	
34

	
E2

	
Richard E. Jones, a/k/a Richard Emmett Glenn Jones, married to Wilma J. Jones, dealing herein with his sole and separate property

	
Baseline Minerals, Inc.

	
8/3/11

	
Weld

	
Memo 3788926, ratifications 3795138, 3795139

	
7N

	
59W

	
28

	
W2

	
Victoria Lee Mosher Sutphin, married to Michael Allen Sutphin, as sole heir of Helen Chura Mosher, dealing herein with her sold and separate property

	
Baseline Minerals, Inc.

	
8/4/11

	
Weld

	
Memo 3798019

	
7N

	
59W

	
28

	
W2

	
Marianne Giba Jelniker, married to Donald Jelniker, dealing herin with her sole and separate property

	
Baseline Minerals, Inc.

	
8/5/11

	
Weld

	
Memo 3795150

	
7N

	
59W

	
28

	
W2

	
Clarice Colleen Giba Molholm, a widow

	
Baseline Minerals, Inc.

	
8/8/11

	
Weld

	
Memo 3795141, Ratifications

	
7N

	
59W

	
28

	
W2

	
Gloria Memorich Tarasar, a widow

	
Baseline Minerals, Inc.

	
8/10/11

	
Weld

	
Memo 3798021

	
7N

	
59W

	
28

	
W2

	
William Anthony Linscott, married to Cynthia Linscott, dealing herein with his sole and separate property

	
Baseline Minerals, Inc.

	
8/10/11

	
Weld

	
Memo 3792461

	
7N

	
59W

	
28

	
W2

	
Darlene Kozak Burham, a widow

	
Baseline Minerals, Inc.

	
8/11/11

	
Weld

	
Memo 3795140

	
7N

	
59W

	
28

	
W2

	
Karen S. Kozak, a/k/a Karen Sue Kozak, a widow

	
Baseline Minerals, Inc.

	
8/11/11

	
Weld

	
Memo 3788921

	
7N

	
59W

	
28

	
W2

	
William B. Kozak, a widower

	
Baseline Minerals, Inc.

	
8/11/11

	
Weld

	
Memo 3798013

	
7N

	
59W

	
28

	
W2

	
Monaco Family Trust, represented herein by Edward Monaco, Trustee

	
Baseline Minerals, Inc.

	
8/5/11

	
Weld

	
Memo 3792469

	
7N

	
59W

	
28

	
W2

	
Iris Lee Memovich Swaggerty Turk, a widow

	
Baseline Minerals, Inc.

	
8/16/11

	
Weld

	
Memo 3792460

	
7N

	
59W

	
28

	
W2

	
Paula Grivna Manzuk, married to Myron D. Manzuk, dealing herein with her sole and separate property

	
Baseline Minerals, Inc.

	
8/17/11

	
Weld

	
Memo 3795144

	
7N

	
59W

	
28

	
W2

	
Dorothy May Warhol, f/k/a Dorothy May Urista, married to Joseph Warhol, dealing herein with her sole and separate property

	
Baseline Minerals, Inc.

	
8/18/11

	
Weld

	
Memo 3795156

	
7N

	
59W

	
28

	
W2

	
Matthew A. Giba, a single man

	
Baseline Minerals, Inc.

	
8/19/11

	
Weld

	
Memo 3798026

	
7N

	
59W

	
28

	
W2

	
Catherine J. Reed, f/k/a Cathy Lind Burmeister Reed, a widow

	
Baseline Minerals, Inc.

	
8/22/11

	
Weld

	
Memo 3795149

	
7N

	
59W

	
28

	
W2

 

  

A - 2

  

 

	
Cheryl Andrew, f/k/a Cheryl Ann Michalov, married to Jonah Andrew, dealing herein with her sole and separate property

	
Baseline Minerals, Inc.

	
8/22/11

	
Weld

	
Memo 3798016

	
7N

	
59W

	
28

	
W2

	
William J. Grivna, a single man

	
Baseline Minerals, Inc.

	
8/22/11

	
Weld

	
Memo 3795155

	
7N

	
59W

	
28

	
W2

	
Darlene M. Colbenson, f/k/a Darlene Mlynek, a widow, as sole heir of Theresa Michalov Mlynek

	
Baseline Minerals, Inc.

	
8/23/11

	
Weld

	
Memo 3792465

	
7N

	
59W

	
28

	
W2

	
James R. Lind, married to Rita Lind, dealing herein with his sole and separate property

	
Baseline Minerals, Inc.

	
8/23/11

	
Weld

	
Memo 3795154

	
7N

	
59W

	
28

	
W2

	
Ronald Dean Michalov, married to Janice Michalov, dealing herein with his sole and separate property

	
Baseline Minerals, Inc.

	
8/23/11

	
Weld

	
Memo 3795143

	
7N

	
59W

	
28

	
W2

	
Morris Ernest Stark

	
Baseline Minerals, Inc.

	
8/24/11

	
Weld

	
Memo 3801221

	
7N

	
59W

	
34

	
E2

	
Christopher D. Mabray, a single man

	
Baseline Minerals, Inc.

	
8/25/11

	
Weld

	
Memo 3798034

	
7N

	
59W

	
8

	
S2

	
Lynn K. Mabray, a single woman

	
Baseline Minerals, Inc.

	
8/25/11

	
Weld

	
Memo 3798033

	
7N

	
59W

	
8

	
S2

	
Barbara J. Memovich, a widow, and an heir to Robert Harris Memovich

	
Baseline Minerals, Inc.

	
8/29/11

	
Weld

	
Memo 3795147

	
7N

	
59W

	
28

	
W2

	
Holly Jo Watson, f/k/a Holly Jo Michalov, married to Gregg D. Watson, dealing herein with her sole and separate property

	
Baseline Minerals, Inc.

	
8/29/11

	
Weld

	
Memo 3798014

	
7N

	
59W

	
28

	
W2

	
Mark Willis Memovich, a single man

	
Baseline Minerals, Inc.

	
8/29/11

	
Weld

	
Memo 3798012

	
7N

	
59W

	
28

	
W2

	
Peggy R. Schultz,  f/k/a Peggy Rose Memovich, married to Gene Schultz, dealing herein with her sole and separate property

	
Baseline Minerals, Inc.

	
8/29/11

	
Weld

	
Memo 3795145

	
7N

	
59W

	
28

	
W2

	
Scott Lee Michalov, a single man

	
Baseline Minerals, Inc.

	
8/30/11

	
Weld

	
Memo 3798020

	
7N

	
59W

	
28

	
W2

	
Steven Arthur Memovich, a widower, represented herein by Mary R. Thompson, his Attorney-in-Fact

	
Baseline Minerals, Inc.

	
8/30/11

	
Weld

	
Memo 3798018

	
7N

	
59W

	
28

	
W2

	
Sandra Lynn Kaspar, f/k/a Sandra Lynn Memovich, married to Eric Kaspar, dealing herein with her sole and separate property

	
Baseline Minerals, Inc.

	
8/31/11

	
Weld

	
Memo 3795146

	
7N

	
59W

	
28

	
W2

	
Steven James Memovich, married to Patricia Memovich, dealing herein with his sole and separate property

	
Baseline Minerals, Inc.

	
8/31/11

	
Weld

	
Memo 3798024

	
7N

	
59W

	
28

	
W2

	
Fred Joseph Radosevich, a widower

	
Baseline Minerals, Inc.

	
9/8/11

	
Weld

	
Memo 3798022

	
7N

	
59W

	
28

	
W2

	
Patricia Louise Welch, a widow

	
Baseline Minerals, Inc.

	
9/20/11

	
Weld

	
Memo 3798017

	
7N

	
59W

	
28

	
W2

	
Dennis L. Bateman, a/k/a Dennis Leland Bateman, married to Barbara Bateman, dealing herein with his sole and separate property

	
Baseline Minerals, Inc.

	
9/21/11

	
Weld

	
Memo 3798011

	
7N

	
59W

	
28

	
W2

	
Howard K. Dean, Jr. and Dalma Dean, husband and wife

	
Contex Energy Company

	
1/28/08

	
Weld

	
3565653, Affidavit 3740212

	
7N

	
59W

	
31

	
Lots 1, 2, E2NW4, NE4 (ada N2)

	
Anita Brauer, a single woman

	
Contex Energy Company

	
2/14/08

	
Weld

	
3565654, Affidavit 3745467

	
7N

	
59W

	
20

	
E2

	
Carol Shepherd, a single woman

	
Contex Energy Company

	
2/14/08

	
Weld

	
3565637, Affidavit 3745470

	
7N

	
59W

	
20

	
E2

	
Lisa A. Scott, a single woman

	
Contex Energy Company

	
2/14/08

	
Weld

	
3565652, Affidavit 3745472

	
7N

	
59W

	
20

	
E2

	
Mona Archer, a married woman dealing in her sole and separate property

	
Contex Energy Company

	
2/14/08

	
Weld

	
3565650, Affidavit 3745469

	
7N

	
59W

	
20

	
E2

	
Roe Ann Wallin, a maried woman dealing in her sole and separate property

	
Contex Energy Company

	
2/14/08

	
Weld

	
3565651, Affidavit 3745468

	
7N

	
59W

	
20

	
E2

 

  

A - 3

  

 

	
Terri Root, a single woman

	
Contex Energy Company

	
2/14/08

	
Weld

	
3565655, Affidavit 3745471

	
7N

	
59W

	
20

	
E2

	
U.S. AgBank FCB fka Farm Credit Bank of Wichita, 08-123-11-016

	
Baseline Minerals, Inc.

	
4/18/11

	
Weld

	
3784272

	
7N

	
59W

	
31

	
Lots 3,4, E2SW

	
U.S. AgBank FCB fka Farm Credit Bank of Wichita, 08-123-11-016

	
Baseline Minerals, Inc.

	
4/18/11

	
Weld

	
3784273

	
7N

	
59W

	
31

	
SE4

	
Eileen Louise Dean, a single woman

	
Baseline Minerals, Inc.

	
6/27/11

	
Weld

	
Memo 3792456

	
7N

	
59W

	
31

	
Lots 1,2, E2NW4, NE4 (ada N2)

	
Virginia M. Rosandick, personal representative of the Estate of Virginia Dean Gabbard, deceased

	
Baseline Minerals, Inc.

	
6/27/11

	
Weld

	
Memo 3792455

	
7N

	
59W

	
31

	
Lots 1,2, E2NW4, NE4 (ada N2)

	
Irwin Lee Jess & Tamara Lynne Jess, husband and wife

	
Baseline Minerals, Inc.

	
7/23/08

	
Weld

	
Memo 3579660, Affidavit 3714723

	
7N

	
60W

	
23

	
E2

	
Jeffrey and Gina Ford, husband and wife

	
Baseline Minerals, Inc.

	
8/3/10

	
Weld

	
Memo 3714717

	
7N

	
59W

	
20

	
W2

	
Margaret A. Stephenson, a widow

	
Baseline Minerals, Inc.

	
8/8/08

	
Weld

	
Memo 3595536

	
7N

	
59W

	
20

	
W2

	
Roxanne Honaker, a married woman dealing in her sole and separate property

	
Baseline Minerals, Inc.

	
8/20/08

	
Weld

	
Memo 3582336, Affidavit 3781584

	
7N

	
59W

	
18

	
Lot 2,3,4 SE4NW4, E2SW4, SE4

	
Roxanne Honaker, a married woman dealing in her sole and separate property

	
Baseline Minerals, Inc.

	
8/20/08

	
Weld

	
Memo 3582336, Affidavit 3781584

	
7N

	
60W

	
23

	
W/2

	
Bill Paul, a married man dealing in his sole and separate property

	
Baseline Minerals, Inc.

	
9/5/08

	
Weld

	
Memo 3584254, Affidavit 3781583

	
7N

	
59W

	
18

	
Lot 2,3,4 SE4NW4, E2SW4, SE4

	
Bill Paul, a married man dealing in his sole and separate property

	
Baseline Minerals, Inc.

	
9/5/08

	
Weld

	
Memo 3584254, Affidavit 3781583

	
7N

	
60W

	
23

	
W/2

	
Ruby Schmotzer, a married woman dealing in her sole and separate property

	
Baseline Minerals, Inc.

	
9/6/08

	
Weld

	
Memo 3606464, Affidavit 3781585

	
7N

	
59W

	
18

	
Lots 2, 3, 4, SENW, E2SW,SE (ada S2NW, S2)

	
Ruby Schmotzer, a married woman dealing in her sole and separate property

	
Baseline Minerals, Inc.

	
9/6/08

	
Weld

	
Memo 3606464, Affidavit 3781585

	
7N

	
60W

	
23

	
W2

	
John Thomas Logan, a married man dealing in his sole and separate property

	
Baseline Minerals, Inc.

	
9/16/08

	
Weld

	
Memo 3584257, Affidavit 3731070

	
7N

	
59W

	
19

	
E2

	
Andrew J. Prebish, a married man dealing in his sole and separate property

	
Baseline Minerals, Inc.

	
10/5/10

	
Weld

	
Memo 3733389

	
7N

	
59W

	
18

	
Lots 2, 3, 4, SENW, E2SW,SE (ada S2NW, S2)

	
Andrew J. Prebish, a married man dealing in his sole and separate property

	
Baseline Minerals, Inc.

	
10/5/10

	
Weld

	
Memo 3733389

	
7N

	
60W

	
23

	
W2

	
Eugene A. Markley, a married man dealing in his sole and separate property

	
Baseline Minerals, Inc.

	
10/12/10

	
Weld

	
Memo 3731050

	
7N

	
59W

	
20

	
W2

	
Robert H. Markley, a married man dealing in his sole and separate property

	
Baseline Minerals, Inc.

	
10/12/10

	
Weld

	
memo 3731051

	
7N

	
59W

	
20

	
W2

	
Patty L. Ford

	
Baseline Minerals, Inc.

	
11/10/10

	
Weld

	
Memo 3737413

	
7N

	
59W

	
19

	
Lots 1, 2, 3 and E2W2; ada W2

	
Freeman Investments

	
Condor Energy Technology, LLC

	
11/27/12

	
Weld

	
3951072

	
7N

	
59W

	
20

	
E2

	
The Albert E. Radinsky Trust, represented herein by William Litvak, Trustee of the trust

	
Baseline Minerals, Inc.

	
12/10/10

	
Weld

	
Memo 3749643

	
7N

	
59W

	
19

	
Lots 1, 2, 3 and E2W2; ada W2

	
Patty L.  Ford

	
Baseline Minerals, Inc.

	
12/13/10

	
Weld

	
Memo 3714717

	
7N

	
59W

	
20

	
W2

	
John E. Ford Family Trust,  dated March 6, 2005

	
Baseline Minerals, Inc.

	
12/13/10

	
Weld

	
Memo 3718938

	
7N

	
59W

	
31

	
Lots 1,2,3,4, E2W2, E2

	
Patty L.  Ford

	
Baseline Minerals, Inc.

	
12/13/10

	
Weld

	
Memo 3714716

	
7N

	
59W

	
31

	
Lots 1,2, E2NW4, NE4

 

  

A - 4

  

 

Exhibit B

 

	
#

	
API

	
OPERATOR

	
WELL

	
SEC

	
TWP

	
RNG

	
CTY

	
ST

	
 WI BPO

	
 NRI BPO

	
WI APO 200%

	
 NRI APO 200%

	  	  	  	  	  	  	  	  	  	  	  	  	  
	
1

	
0512336316

	
CONDOR ENERGY TECHNOLOGY, LLC

	
Logan #2H

	
19/20

	
7N

	
59W

	
WELD

	
CO

	
0.1261

	
0.1009

	
0.1261

	
0.1009

	
2

	
0512336243

	
CONDOR ENERGY TECHNOLOGY, LLC

	
Waves #1H

	
23

	
7N

	
60W

	
WELD

	
CO

	
0.1406

	
0.1125

	
0.1406

	
0.1125

	
3

	
0512335357

	
CONDOR ENERGY TECHNOLOGY, LLC

	
Ford Family Trust #2H

	
31

	
7N

	
59W

	
WELD

	
CO

	
0.1875

	
0.15

	
0.1875

	
0.15

 

 

 

 

B - 1EX10.20.5

 Exhibit 10.20.5 

KEY EMPLOYEE DEFERRED COMPENSATION PLAN OF 

CONOCOPHILLIPS 
 TITLE
II 
 (Effective for benefits earned or vested after 

December 31, 2004) 

2013 RESTATEMENT 
 PURPOSE

 The purpose of the Key Employee Deferred Compensation Plan of ConocoPhillips (the “Plan”) is to attract and retain key
employees by providing them with an opportunity to defer receipt of cash amounts which otherwise would be paid to them under various compensation programs or plans by a Participating Subsidiary. Title I of this Plan is effective with regard to
benefits earned and vested prior to January 1, 2005, while Title II of this Plan is effective with regard to benefits earned or vested after December 31, 2004. Gains, losses, earnings, or expenses shall be allocated to the Title of the
Plan to which the underlying obligations giving rise to them are allocated. The Plan is sponsored and maintained by ConocoPhillips Company. 

This Title II of the Plan is intended (1) to comply with Code section 409A, as enacted as part of the American Jobs Creation Act of 2004,
and official guidance issued thereunder, and (2) to be “a plan which is unfunded and is maintained by an employer primarily for the purpose of providing deferred compensation for a select group of management or highly compensated
employees” within the meaning of sections 201(2), 301(a)(3), and 401(a)(1) of ERISA. Notwithstanding any other provision of this Plan, this Plan shall be interpreted, operated, and administered in a manner consistent with these intentions. 

SECTION 1.   Definitions. 
  

	 	(a)	 “Award” shall mean the United States cash dollar amount (i) allotted to an Employee under the terms of an Incentive Compensation
Plan or a Long Term Incentive Plan, or (ii) required to be credited to an Employee’s Deferred 

	 	 
Compensation Account pursuant to the terms of an Award or of an Incentive Compensation Plan, the Long Term Incentive Compensation Plan, the Strategic Incentive Plan, a Long Term Incentive Plan,
or any similar plans, or any administrative procedure adopted pursuant thereto, or (iii) credited as a result of an Employee’s voluntary reduction of Salary, or (iv) any other amount determined by the Committee to be an Award under
the Plan. 

  

	 	(b)	 “Code” shall mean the Internal Revenue Code of 1986, as amended from time to time, or any successor statute. 

 

	 	(c)	 “Committee” shall mean the Human Resources and Compensation Committee of the Board of Directors of ConocoPhillips. 

 

	 	(d)	 “Company” shall mean ConocoPhillips Company, a Delaware corporation, or any successor corporation. The Company is a subsidiary of
ConocoPhillips. 

  

	 	(e)	 “ConocoPhillips” shall mean ConocoPhillips, a Delaware corporation, or any successor corporation. ConocoPhillips is a publicly held
corporation and the parent of the Company. 

  

	 	(f)	 “Controlled Group” shall mean ConocoPhillips and its Subsidiaries. 

 

	 	(g)	 “Deferred Compensation Account” shall mean an account established and maintained for each Participant in which is recorded the amounts of
Awards deferred by a Participant, the deemed gains, losses, earnings, or expenses accrued thereon, and payments made therefrom all in accordance with the terms of the Plan. 

 

	 	(h)	 “Distribution” shall have the same meaning as that set forth in the Employee Matters Agreement by and between ConocoPhillips and Phillips
66 dated as of April 26, 2012. 

  
 - 2 - 

	 	(i)	 “Effective Time” shall have the same meaning as that set forth in the Employee Matters Agreement by and between ConocoPhillips and
Phillips 66 dated as of April 26, 2012. 

  

	 	(j)	 “Election Form” shall mean a written form, including one in electronic format, provided by the Plan Administrator pursuant to which a
Participant may elect the time and form of payment of his or her benefits under the Plan. 

  

	 	(k)	 “Employee” shall mean any individual who is a salaried employee of the Company or of a Participating Subsidiary who is eligible to
receive an Award and at the time of the Award is classified as a ConocoPhillips salary grade 19 or above or any equivalent salary grade at a Participating Subsidiary. 

 

	 	(l)	 “ERISA” shall mean the Employee Retirement Income Security Act of 1974, as amended from time to time, or any successor statute.

  

	 	(m)	 “Fair Market Value” shall mean the value described in the applicable provision of Section 4(a). 

 

	 	(n)	 “Heritage Conoco Employee” shall mean an individual employed by Conoco Inc., Conoco Pipe Line Company, or Louisiana Gas Systems Inc.
prior to January 1, 2003; provided, however, that an individual who has been terminated from employment with a member of the Controlled Group at any time and rehired by a member of the Controlled Group after January 1, 2003, shall not be
considered a Heritage Conoco Employee for purposes of this Plan. 

  

	 	(o)	 “Incentive Compensation Plan” shall mean the ConocoPhillips Variable Cash Incentive Program, the Incentive Compensation Plan of Phillips
Petroleum Company, the Annual Incentive Compensation Plan of Phillips Petroleum Company, the Special Incentive Plan for Former Tosco Executives, the Conoco Inc. Global Variable Compensation Plan, or a similar plan of a Participating Subsidiary, or
any similar or successor plans, or all, as the context may require. 

  
 - 3 - 

	 	(p)	 “Long-Term Incentive Compensation Plan” shall mean the Long-Term Incentive Compensation Plan of Phillips Petroleum Company, which was
terminated December 31, 1985. 

  

	 	(q)	 “Long-Term Incentive Plan” shall mean the ConocoPhillips Performance Share Program, the ConocoPhillips Restricted Stock Program, the
Phillips Petroleum Company Long-Term Incentive Plan, or a similar or successor plan of any of them, established under an Omnibus Securities Plan. 

  

	 	(r)	 “Omnibus Securities Plan” shall mean the 2014 Omnibus Stock and Performance Incentive Plan of ConocoPhillips, the 2011 Omnibus Stock and
Performance Incentive Plan of ConocoPhillips, the 2009 Omnibus Stock and Performance Incentive Plan of ConocoPhillips, the 2004 Omnibus Stock and Performance Incentive Plan of ConocoPhillips, the 2002 Omnibus Securities Plan of Phillips Petroleum
Company, the Omnibus Securities Plan of Phillips Petroleum Company, the 1998 Stock and Performance Incentive Plan of ConocoPhillips, the 1998 Key Employee Stock Plan of ConocoPhillips, or a similar or successor plan of any of them.

  

	 	(s)	 “Participant” shall mean a person for whom a Deferred Compensation Account is maintained. 

 

	 	(t)	 “Participating Subsidiary” shall mean a Subsidiary that has adopted one or more plans making participants eligible for participation in
this Plan and one or more Employees of which are Potential Participants. 

  

	 	(u)	 “Plan Administrator” shall mean the Vice President, Human Resources of the Company, or his or her successor. 

 

	 	(v)	 “Potential Participant” shall mean a person who has received a notice specified in Section 2. 

  
 - 4 - 

	 	(w)	 “Restricted Stock” and “Restricted Stock Units” shall mean respectively shares of Stock and units each of which shall represent
a hypothetical share of Stock, which have certain restrictions attached to the ownership thereof or the delivery of shares pursuant thereto. 

  

	 	(x)	 “Retirement” or “Retire” or “Retiring” shall mean Separation from Service from the Controlled Group on or after age
55 or above and on or after the earliest early retirement date as defined in applicable title of the ConocoPhillips Retirement Plan or of the applicable retirement plan of a Participating Company. 

 

	 	(y)	 “Schedule A Employee” shall mean an Employee whose name appears in Schedule A attached to and made a part of this Plan.

  

	 	(z)	 “Separation from Service” shall mean the date on which the Participant separates from service with the Controlled Group within the
meaning of Code section 409A, whether by reason of death, disability, retirement, or otherwise. In determining Separation from Service, with regard to a bona fide leave of absence that is due to any medically determinable physical or mental
impairment that can be expected to result in death or can be expected to last for a continuous period of not less than six months, where such impairment causes the Employee to be unable to perform the duties of his or her position of employment or
any substantially similar position of employment, a 29-month period of absence shall be substituted for the six-month period set forth in section 1.409A-1(h)(1)(i) of the regulations issued under section 409A of the Code, as allowed thereunder.

  

	 	(aa)	 “Settlement Date” shall mean the date on which all acts under an Incentive Compensation Plan, a Long-Term Incentive Plan, or the Long-Term Incentive Compensation Plan or actions directed by the Committee, as the case may be, have been taken which are necessary to make an Award payable to the Participant. 

  
 - 5 - 

	 	(bb)	 “Salary” shall mean the monthly equivalent rate of pay for an Employee before adjustments for any before-tax voluntary reductions.

  

	 	(cc)	 “Stock” means shares of common stock of ConocoPhillips, par value $.01. 

 

	 	(dd)	 “Strategic Incentive Plan” shall mean the Strategic Incentive Plan portion of the 1986 Stock Plan of Phillips Petroleum Company, of the
1990 Stock Plan of Phillips Petroleum Company, of the Phillips Petroleum Company Omnibus Securities Plan, and of any successor plans of similar nature. 

  

	 	(ee)	 “Subsidiary” shall mean any corporation or other entity that is treated as a single employer with ConocoPhillips under section 414(b) or
(c) of the Code. In applying section 1563(a)(1), (2), and (3) of the Code for purposes of determining a controlled group of corporations under section 414(b) of the Code and for purposes of determining trades or businesses (whether or not
incorporated) under common control under regulation section 1.414(c)-2 for purposes of section 414(c) of the Code, the language “at least 80%” shall be used without substitution as allowed under regulations pursuant to section 409A of the
Code. 

  

	 	(ff)	 “Trustee” shall mean the trustee of the grantor trust established for this Plan by a trust agreement between the Company and the trustee,
or any successor trustee. 

 SECTION 2.   Notification of Potential Participants. 

 

	 	(a)	 Incentive Compensation Plan. Each year after 2008, at such times as the Plan Administrator may determine, Employees who are expected to be
eligible to receive an Award for the immediately following calendar year under an Incentive Compensation Plan will be notified and given the opportunity to make an election, using the Election Form or in such other manner prescribed by the Plan
Administrator, to defer all or part of such Award (although with regard to deferral of an Award from the Performance Share Program for Performance Period XI [2013 -2015], an election may defer either none or all of the Award, not a part less

  
 - 6 - 

	 	 
than all thereof); provided, however, that in the case of an Award under an Incentive Compensation Plan determined by the Plan Administrator to be “performance-based compensation” under
Code section 409A, the Plan Administrator may delay the notification and opportunity to make an election until no later than June 30 of the year for which the Award is to be made. 

 

	 	(b)	 Salary Reduction. With regard to each year, at such times as the Plan Administrator may determine, Employees on the U.S. dollar payroll will
be notified and given the opportunity to make an election, using the Election Form or in such other manner prescribed by the Plan Administrator, to make a voluntary reduction of Salary for each pay period of the following calendar year, in which
case the Company will credit a like amount as an Award hereunder, provided that the amount of such voluntary reduction shall not be less than 1% nor more than 50% of the Employee’s Salary per pay period. 

 

	 	(c)	 Long-Term Incentive Plan. With regard to each year, at such times as the Plan Administrator may determine, Employees who are expected to be
eligible to receive an Award for services rendered during a performance period beginning in the immediately following calendar year under a Long-Term Incentive Plan will be notified and given the opportunity to make an election, using the Election
Form or in such other manner prescribed by the Plan Administrator, to defer all or part of such Award; provided, that, this paragraph shall be effective only with regard to Awards made pursuant to the Performance Share Program for performance
periods beginning in 2013 or thereafter. 

 SECTION 3.   Election to Defer Award or Reduce Salary. 

 

	 	(a)	 Incentive Compensation Plan. If a Potential Participant elects to defer under this Plan all or any part of the Award to which a notice
received under Section 2(a) pertains, the Potential Participant must make such election, using the Election Form or in such other manner prescribed by the Plan Administrator, which must be received on or before December 31 of the year in
which said Section 2(a) 

  
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notice was received (or at such earlier time as may be prescribed by the Plan Administrator). The Potential Participant’s election shall become irrevocable on December 31 of the year in
which said Section 2(a) notice was received (except in the case of an election for an Award under an Incentive Compensation Plan determined by the Plan Administrator to be “performance-based compensation” under Code section 409A, the
election shall become irrevocable on June 30 of the year for which the Award is to be made), subject to the provisions Section 5(d). If an election is not properly made and timely received, the Potential Participant will be deemed to have
elected to receive and not to defer any such Incentive Compensation Plan Award. 

  

	 	(b)	 Salary Reduction. If a Potential Participant elects to voluntarily reduce Salary to which a notice received under Section 2(b) pertains
and receive an Award hereunder in lieu thereof, the Potential Participant must make an election, using the Election Form or in such other manner prescribed by the Plan Administrator, which must be received on or before December 31 (or such
earlier time as may be prescribed by the Plan Administrator) prior to the beginning of the calendar year of the elected deferral. Such election must be in writing signed by the Potential Participant, and must state the amount of the salary reduction
the Potential Participant elects. Such election becomes irrevocable on December 31 prior to the beginning of the calendar year, subject to the provisions Section 5(d). If an election is not properly made and timely received, the Potential
Participant will be deemed to have elected to receive and not to defer any such Salary. 

  

	 	(c)	 Long-Term Incentive Plan. If a Potential Participant elects to defer under this Plan all or any part of the Award to which a notice received
under Section 2(c) pertains, the Potential Participant must make such election, using the Election Form or in such other manner prescribed by the Plan Administrator, which must be received on or before December 31 of the year in which said
Section 2(c) notice was received (or at such earlier time as may be prescribed by the Plan Administrator). The Potential Participant’s election shall become irrevocable on December 31 of the year in which said Section 2(c) notice
was received, subject to the provisions Section 5(d). If an election is not properly made and timely received, the Potential Participant will be deemed to have elected to receive and not to defer any such Long-Term Incentive Plan Award.

  
 - 8 - 

 SECTION 4.   Deferred Compensation Accounts. 

 

	 	(a)	 Credit for Deferral. Amounts deferred pursuant to Section 3(a) will be credited to a Deferred Compensation Account for the Participant
for the calendar year in which the amounts are deferred not later than 30 days after the Settlement Date of the Incentive Compensation Plan. 

Amounts deferred pursuant to other provisions of this Plan shall be credited to a Deferred Compensation Account for the
Participant for the calendar year in which such amounts are deferred not later than 30 days after the date the Award or Salary would otherwise be payable. 

If an Award in the form of Restricted Stock or Restricted Stock Units provides that, in certain instances the Restricted
Stock or Restricted Stock Units shall be cancelled and a market value in lieu thereof be credited to a Deferred Compensation Account for the Participant, then the market value shall be credited to a Deferred Compensation Account for the Participant
as of the day that the Award in the form of Restricted Stock or Restricted Stock Units is cancelled. For Awards deferred under Section 3(c), the market value of the underlying Restricted Stock or the shares represented by the Restricted Stock
units under a Long-Term Incentive Plan shall be the Fair Market Value defined in the agreement pertaining to the Award on the Settlement Date of the Award (or if such agreement does not define Fair Market Value, then the definition of Fair Market
Value under the Omnibus Securities Plan under which the Award was made shall be used). For other Awards, following shall apply: 
  

	 	(1)	 The market value of the underlying Restricted Stock or the shares represented by the Restricted Stock Units awarded under a Long Term Incentive
Plan, under an Incentive Compensation Plan that began on or 

  
 - 9 - 

	 	 
after January 1, 2003, under an Omnibus Securities Plan (with regard to awards made on or after January 1, 2003), and for the Special Stock Awards issued on October 22, 2002, shall
be the monthly average Fair Market Value of the Stock during the calendar month preceding the month in which the restrictions lapse or shares are to be delivered as applicable. The monthly average Fair Market Value of the Stock is the average of the
daily Fair Market Value of the Stock for each trading day of the month. 

  

	 	(2)	 For Awards made prior to those times, the market value of the underlying Restricted Stock or the shares represented by the Restricted Stock Units,
as applicable, shall be based on the higher of (i) the average of the high and low selling prices of the Stock on the date the restrictions lapse or the last trading day before the day the restrictions lapse if such date is not a trading day or
(ii) the average of the high three monthly Fair Market Values of the Stock during the twelve calendar months preceding the month in which the restrictions lapse. The monthly Fair Market Value of the Stock is the average of the daily Fair Market
Value of the Stock for each trading day of the month. The daily Fair Market Value of the Stock shall be deemed equal to the average of the high and low selling prices of the Stock on the New York Stock Exchange. 

 

	 	(b)	 Designation of Investments. The amount in each Deferred Compensation Account of a Participant shall be deemed to have been invested and
reinvested from time to time, in such “eligible securities” as the Participant shall designate. Prior to or in the absence of a Participant’s designation, the Company shall designate an “eligible security” in which the
Participant’s Deferred Compensation Account shall be deemed to have been invested until designation instructions are received from the Participant. Eligible securities are those securities designated by the Chief Financial Officer of
ConocoPhillips, or his successor. The Chief Financial Officer of ConocoPhillips may include as eligible securities, stocks listed on a national securities exchange, and bonds, notes, or debentures, corporate or governmental, either listed on a
national securities exchange or for which price quotations are published in The Wall Street Journal, and shares issued 

  
 - 10 - 

	 	 
by investment companies commonly known as “mutual funds.” The Deferred Compensation Accounts of a Participant will be adjusted to reflect the deemed gains, losses, earnings, or expenses
as though the amount deferred was actually invested and reinvested in the eligible securities for each Deferred Compensation Account of the Participant. 

Notwithstanding anything to the contrary in this section 4(b), in the event the Company (or any trust maintained for this
purpose) actually purchases or sells such securities in the quantities and at the times the securities are deemed to be purchased or sold for a Deferred Compensation Account of a Participant, the Account shall be adjusted accordingly to reflect the
price actually paid or received by the Company for such securities after adjustment for all transaction expenses incurred (including without limitation brokerage fees and stock transfer taxes). 

In the case of any deemed purchase not actually made by the Company, the Deferred Compensation Account shall be charged with
a dollar amount equal to the quantity and kind of securities deemed to have been purchased multiplied by the fair market value of such security on the date of reference and shall be credited with the quantity and kind of securities so deemed to have
been purchased. In the case of any deemed sale not actually made by the Company, the account shall be charged with the quantity and kind of securities deemed to have been sold, and shall be credited with a dollar amount equal to the quantity and
kind of securities deemed to have been sold multiplied by the fair market value of such security on the date of reference. As used in this paragraph “fair market value” means in the case of a listed security the closing price on the date
of reference, or if there were no sales on such date, then the closing price on the nearest preceding day on which there were such sales, and in the case of an unlisted security the mean between the bid and asked prices on the date of reference, or
if no such prices are available for such date, then the mean between the bid and asked prices to the nearest preceding day for which such prices are available. 

  
 - 11 - 

 The Plan Administrator may designate a third party to provide services that may
include record keeping, Participant accounting, Participant communication, payment of installments to the Participant, tax reporting, and any other services specified in an agreement with such third party. 

 

	 	(c)	 Payments. A Participant’s Deferred Compensation Account shall be debited with respect to payments made from the account pursuant to
this Plan as of the date such payments are made from the account. Payments shall be made on the dates specified in the elections of the Participant; provided, however, that the Participant shall have no right to complain or make a claim about the
date of a payment if such payment is made no earlier than 30 days prior to the specified date and no later than the end of the calendar year in which such specified date falls (or, if later, by the
15th day of the third calendar month following the specified date). 

If any person to whom a payment is due hereunder is under legal disability as determined in the sole discretion of the Plan
Administrator, the Plan Administrator shall have the power to cause the payment due such person to be made to such person’s guardian or other legal representative for the person’s benefit, and such payment shall constitute a full release
and discharge of the Company, all members of the Controlled Group, the Plan Administrator, and any fiduciary of the Plan. 
  

	 	(d)	 Statements. At least one time per year the Plan Administrator (or a third party acting for the Plan Administrator) will furnish each
Participant a written statement setting forth the current balance in the Participant’s Deferred Compensation Accounts, the amounts credited or debited to such account since the last statement and the payment schedule of deferred Awards, and
deemed gains, losses, earnings, or expenses accrued thereon as provided by the deferred payment option selected by the Participant. This provision shall be deemed satisfied if the Plan Administrator (or a third party acting for the Plan
Administrator) makes such information available through electronic means, such as a web site, and informs affected Participants of the availability of the information and the manner of accessing it. 

  
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 SECTION 5.   Payments from Deferred Compensation Accounts. 

 

	 	(a)	 Election of Method of Payment. At the time a Potential Participant submits an election to defer all or any part of an Award under an
Incentive Compensation Plan as provided in Section 3(a) above or to reduce any part of salary as provided in Section 3(b) above or to defer all or any part of an Award under a Long-Term Incentive Plan as provided in Section 3(c)
above, the Potential Participant shall also elect, using the Election Form or in such other manner prescribed by the Plan Administrator, which of the payment options, provided for in Paragraph (b) of this Section, shall apply to the deferred
portion of said Award or salary adjusted for any deemed gains, losses, earnings, or expenses accrued thereon credited to the Participant’s Deferred Compensation Account under this Plan. Subject to Paragraph (d) of this Section, the
election of the method of payment of the amount deferred shall become irrevocable on December 31 of the year in which the applicable Section 2(a), (b), or (c) notice was received (except in the case of an election for an Award under
an Incentive Compensation Plan determined by the Plan Administrator to be “performance-based compensation” under Code section 409A, the election shall become irrevocable on June 30 of the year in which said Section 2(a) notice
was received). If an election does not properly indicate a time and method of payment, the Potential Participant will be deemed to have elected to receive such payment in a single lump sum at the earlier of death or the first of the calendar quarter
following six months after Separation from Service other than by death. 

  

	 	(b)	 Payment Options. A Potential Participant may elect, using an Election Form or in such other manner prescribed by the Plan Administrator, to
have the deferred portion of an Incentive Compensation Plan Award or salary or an Award under a Long-Term Incentive Plan, described in Sections 3(a), (b), and (c) respectively (adjusted for any deemed gains, losses, earnings, or expenses
accrued thereon) paid: 

  
 - 13 - 

	 	(1)	 (After Separation from Service) in 1 to 15 annual installments, in 2 to 30 semi-annual installments, or in 4 to 60 quarterly installments,
the payment of the first of any of such installments to commence on the first day of the first calendar quarter which is on or after one year from the Participant’s Separation from Service and is no longer than five years from the
Participant’s Separation from Service, subject to Paragraph (d) of this Section, or 

  

	 	(2)	 (Date Certain) with regard only to the deferred portion of an Incentive Compensation Award or of salary (but only with respect to salary
earned on or after January 1, 2015) or of an Award under a Long-Term Incentive Plan (described in Sections 3(a), (b), and (c) respectively), in 1 to 15 annual installments, in 2 to 30 semi-annual installments, or in 4 to 60 quarterly
installments, the payment of the first of any of such installments to commence on the first day of calendar quarter which is designated by the Participant, is at least one year after the date on which the election is made, and is not later than the
65th birthday of the Participant, subject to Paragraph (d) of this Section. 

  

	 	(3)	 In the event that no election is properly and timely made with regard to the time and method of payment under Section 5(b)(i), payment shall
be made on the earlier of the death or the date which is the first of the calendar quarter following six months after the date of Separation from Service, whether by retirement, disability, or otherwise (other than by death), of the Participant,
subject to Paragraph (d) of this Section. 

 A Potential Participant may elect, using an Election
Form or in such other manner prescribed by the Plan Administrator, to have the deferred portion of a Long-Term Incentive Plan Award deferred pursuant to Section 3(c) (adjusted for any deemed gains, losses, earnings, or expenses accrued thereon)
paid at such times and in such manner as set forth on such Election Form, subject to Paragraph (d) of this Section. 

  
 - 14 - 

	 	(c)	 Method of Payment of the Value of Certain Restricted Stock and Restricted Stock Units. If an Award (other than an Award deferred pursuant to
Section 3(c)) in the form of Restricted Stock or Restricted Stock Units provides that in certain instances the Restricted Stock or Restricted Stock Units shall be cancelled and a market value in lieu thereof be credited to a Deferred
Compensation Account for the Participant, payment of such Deferred Compensation Account shall be made on the earlier of the death or the date which is the first of the calendar quarter following six months after the date of Separation from Service,
whether by retirement, disability, or otherwise (than death), of the Participant, subject to Paragraph (d) of this Section. 

  

	 	(d)	 Change in Time or Form of Payment. A Participant may make an election to change the time or form of payment elected or set under
Section 5 (including this Paragraph (d)), but only if the following rules are satisfied: 

  

	 	(1)	 The election to change the time or form of payment may not take effect until at least twelve months after the date on which such election is made;

  

	 	(2)	 Payment under such election may not be made earlier than at least five years from the date the payment would have otherwise been made or commenced;

  

	 	(3)	 Such payment may commence as of the beginning of any calendar quarter; 

 

	 	(4)	 An election to receive payments in installments shall be treated as a single payment for purposes of these rules; 

 

	 	(5)	 The election may not result in an impermissible acceleration of payment prohibited under Code section 409A; 

 

	 	(6)	 No more than four such elections shall be permitted with respect to each Deferred Compensation Account of a Participant; and 

 

	 	(7)	 No payment may be made after the date that is twenty (20) years after the date of the Participant’s Separation from Service.

  

	 	(e)	 Effect of Taxation. If a portion of a Participant’s benefits under the Plan (and gains, losses, earnings, or expenses thereon) is
includible in income under Code section 409A, such portion shall be distributed immediately to the Participant. 

  
 - 15 - 

	 	(f)	 Installment Amount. The amount of each installment shall be determined by dividing the balance in the Participant’s Deferred
Compensation Account as of the date the installment is to be paid, by the number of installments remaining to be paid (inclusive of the current installment). 

 

	 	(g)	 Death of Participant. Upon the death of a Participant, the Participant’s beneficiary or beneficiaries designated in accordance with
Section 8, or in the absence of an effective beneficiary designation, the surviving spouse, surviving children (natural or adopted) in equal shares, or the Estate of the deceased Participant, in that order of priority, shall receive payments in
accordance with the payment option selected by the Participant or, if no payment option was properly and timely selected by the Participant with regard to a Deferred Compensation Account, upon the death of the Participant. 

SECTION 6.   Special Provisions for Former ARCO Alaska Employees. 

Notwithstanding any provisions to the contrary, in order to comply with the terms of the Master Purchase and Sale Agreement
(“Sale Agreement”) by which the Company acquired certain Alaskan assets of Atlantic Richfield Company (“ARCO”), a Participant who was eligible to participate in the ARCO employee benefit plans immediately prior to becoming an
Employee and who was not employed by ARCO Marine, Inc. (a “former ARCO Alaska employee”) and who was classified as a grade 7 or 8 under ARCO’s job classification system and was eligible under ARCO’s Executive Deferral Plan to
voluntarily reduce salary and defer the amount of the voluntary salary reduction and who was classified as a grade 31 or below at that time under Phillips Petroleum Company’s job classification system may, in a manner prescribed by the Plan
Administrator, make an election to voluntarily reduce salary and defer the amount of the voluntary salary reduction for salary received for 2005 and receive a salary deferral credit under this Plan; provided, that all of the Plan provisions (other
than eligibility to participate) shall apply to such an election. 

  
 - 16 - 

 SECTION 7. Schedule A Employees. 

Notwithstanding any earlier election or indication of preference to participate in voluntary salary reductions to be deferred
into the Plan in 2005 or deferrals into the Plan in 2005 of Awards under an Incentive Compensation Plan, Schedule A Employees shall have their participation in the Plan for 2005 revoked as to the salary reductions or Incentive Compensation Plan
Award or both, as indicated on Schedule A to this Plan. Any such deferrals made in 2005 for such Schedule A Employees shall be returned to them (together with any gains, losses, earnings, or expenses thereon) on or before December 31, 2005.

  
 - 17 - 

 SECTION 8.   Designation of Beneficiary. 

Each Participant shall designate a beneficiary or beneficiaries to receive the entire balance of the Participant’s
Deferred Compensation Account by giving signed written notice of such designation to the Plan Administrator. The Participant may from time to time change or cancel any previous beneficiary designation in the same manner. The last beneficiary
designation received by the Plan Administrator shall be controlling over any prior designation and over any testamentary or other disposition. After acceptance by the Plan Administrator of such written designation, it shall take effect as of the
date on which it was signed by the Participant, whether the Participant is living at the time of such receipt, but without prejudice to the Company or any member of the Controlled Group or the Plan Administrator or their respective employees and
agents on account of any payment made under this Plan before receipt of such designation. 
 SECTION 9.   Nonassignability. 

The right of a Participant, or beneficiary, or other person who becomes entitled to receive payments under this Plan, shall
not be assignable or subject to garnishment, attachment, or any other legal process by the creditors of, or other claimants against, the Participant, beneficiary, or other such person. 

SECTION 10.   Administration. 
  

	 	(a)	 The Plan shall be administered by the Plan Administrator. The Plan Administrator may delegate to employees of the Company or any member of the
Controlled Group the authority to execute and deliver such instruments and documents, to do all such acts and things, and to take such other steps deemed necessary, advisable, or convenient for the effective administration of the Plan in accordance
with its terms and purpose, except that the Plan Administrator may not delegate any discretionary authority with respect to substantive decisions or functions regarding the Plan or benefits under the Plan. The Plan Administrator may adopt such
rules, regulations, and forms as deemed desirable for administration of the Plan and shall have the discretionary authority to allocate responsibilities under the Plan to such other persons as may be designated. 

  
 - 18 - 

	 	(b)	 Any claim for benefits hereunder shall be presented in writing to the Plan Administrator for consideration, grant, or denial. Claimants will be
notified in writing of approved claims, which will be processed as claimed. A claim is considered approved only if its approval is communicated in writing to a claimant. 

 

	 	(c)	 In the case of a denial of a claim respecting benefits paid or payable with respect to a Participant, a written notice will be furnished to the
claimant within 90 days of the date on which the claim is received by the Plan Administrator. If special circumstances (such as for a hearing) require a longer period, the claimant will be notified in writing, prior to the expiration of the 90-day
period, of the reasons for an extension of time; provided, however, that no extensions will be permitted beyond 90 days after the expiration of the initial 90-day period. A denial or partial denial of a claim will be dated and signed by the Plan
Administrator and will clearly set forth: 

  

	 	(1)	 the specific reason or reasons for the denial; 

  

	 	(2)	 specific reference to pertinent Plan provisions on which the denial is based; 

 

	 	(3)	 a description of any additional material or information necessary for the claimant to perfect the claim and an explanation of why such material or
information is necessary; and 

  

	 	(4)	 an explanation of the procedure for review of the denied or partially denied claim set forth below, including the claimant’s right to bring a
civil action under ERISA section 502(a) following an adverse benefit determination on review. 

  
 - 19 - 

	 	(d)	 Upon denial of a claim, in whole or in part, a claimant or his duly authorized representative will have the right to submit a written request to
the Trustee for a full and fair review of the denied claim by filing a written notice of appeal with the Trustee within 60 days of the receipt by the claimant of written notice of the denial of the claim. A claimant or the claimant’s authorized
representative will have, upon request and free of charge, reasonable access to, and copies of, all documents, records, and other information relevant to the claimant’s claim for benefits and may submit issues and comments in writing. The
review will take into account all comments, documents, records, and other information submitted by the claimant relating to the claim, without regard to whether such information was submitted or considered in the initial benefit determination. If
the claimant fails to file a request for review within 60 days of the denial notification, the claim will be deemed abandoned and the claimant precluded from reasserting it. If the claimant does file a request for review, his request must include a
description of the issues and evidence he deems relevant. Failure to raise issues or present evidence on review will preclude those issues or evidence from being presented in any subsequent proceeding or judicial review of the claim.

  

	 	(e)	 The Trustee will provide a prompt written decision on review. If the claim is denied on review, the decision shall set forth:

  

	 	(1)	 the specific reason or reasons for the adverse determination; 

 

	 	(2)	 specific reference to pertinent Plan provisions on which the adverse determination is based; 

 

	 	(3)	 a statement that the claimant is entitled to receive, upon request and free of charge, reasonable access to, and copies of, all documents, records,
and other information relevant to the claimant’s claim for benefits; and 

  

	 	(4)	 a statement describing any voluntary appeal procedures offered by the Plan and the claimant’s right to obtain the information about such
procedures, as well as a statement of the claimant’s right to bring an action under ERISA section 502(a). 

  

	 	(f)	 A decision will be rendered no more than 60 days after the Trustee’s receipt of the request for review, except that such period may be
extended for an additional 60 days if the Trustee determines that special circumstances (such as for a hearing) require such extension. If an extension of time is required, written notice of the extension will be furnished to the claimant before the
end of the initial 60-day period. 

  
 - 20 - 

	 	(g)	 To the extent permitted by law, decisions reached under the claims procedures set forth in this Section shall be final and binding on all parties.
No legal action for benefits under the Plan shall be brought unless and until the claimant has exhausted his remedies under this Section. In any such legal action, the claimant may only present evidence and theories which the claimant presented
during the claims procedure. Any claims which the claimant does not in good faith pursue through the review stage of the procedure shall be treated as having been irrevocably waived. Judicial review of a claimant’s denied claim shall be limited
to a determination of whether the denial was an abuse of discretion based on the evidence and theories the claimant presented during the claims procedure. 

SECTION 11.   Employment not Affected by Plan. 

Participation or nonparticipation in this Plan shall neither adversely affect any person’s employment status nor confer
any special rights on any person other than those expressly stated in the Plan. Participation in the Plan by an Employee of the Company or of a Participating Subsidiary shall not affect the Company’s or any Controlled Group member’s right
to terminate the Employee’s employment or to change the Employee’s compensation or position. 
 SECTION 12.  
Determination of Recipients of Awards. 
 The determination of those persons who are entitled to Awards under an Incentive
Compensation Plan and any other such plans shall be governed solely by the terms and provisions of the applicable plan or program, and the selection of an Employee as a Potential Participant or the acceptance of an indication of preference to defer
an Award hereunder shall not in any way entitle such Potential Participant to an Award. 

  
 - 21 - 

 SECTION 13.   Method of Providing Payments. 

 

	 	(a)	 Nonsegregation. Amounts deferred pursuant to this Plan and the crediting of amounts to a Participant’s Deferred Compensation Accounts
shall represent the Company’s unfunded and unsecured promise to pay compensation in the future. With respect to said amounts, the relationship of the Company and a Participant shall be that of debtor and general unsecured creditor. While the
Company may make investments for the purpose of measuring and meeting its obligations under this Plan such investments shall remain the sole property of the Company subject to claims of its creditors generally, and shall not be deemed to form or be
included in any part of the Deferred Compensation Accounts. 

  

	 	(b)	 Funding. It is the intention of the Company that this Plan shall be unfunded for federal tax purposes and for purposes of Title I of ERISA;
provided, however, that the Company may establish a grantor trust to satisfy part or all of its Plan payment obligations so long as the Plan remains unfunded for federal tax purposes and for purposes of Title I of ERISA. 

SECTION 14.   Amendment or Termination of Plan. 

The Company reserves the right to amend this Plan from time to time or to terminate the Plan entirely, provided, however, that
no amendment may affect the balance in a Participant’s account on the effective date of the amendment. 
 SECTION 15.  
Miscellaneous Provisions. 
  

	 	(a)	 Except as otherwise provided herein, the Plan shall be binding upon the Company, its successors and assigns, including but not limited to any
corporation which may acquire all or substantially all of the Company’s assets and business or with or into which the Company may be consolidated or merged. 

  
 - 22 - 

	 	(b)	 This Plan shall be construed, regulated, and administered in accordance with the laws of the State of Texas except to the extent that said laws
have been preempted by the laws of the United States. 

  

	 	(c)	 It is the intention of the Company that, so long as any of ConocoPhillips’ equity securities are registered pursuant to Section 12(b) or
12(g) of the Securities Exchange Act of 1934, this Plan shall be operated in compliance with 16(b) and, if any Plan provision or transaction is found not to comply with Section 16(b), that provision or transaction, as the case may be, shall be
deemed null and void ab initio. Notwithstanding anything in the Plan to the contrary, the Company, in its absolute discretion, may bifurcate the Plan so as to restrict, limit or condition the use of any provision of the Plan to Participants
who are officers and directors subject to Section 16(b) without so restricting, limiting, or conditioning the Plan with respect to other Participants. 

  

	 	(d)	 For purposes of this Plan, electronic communications and signatures shall be considered to be in writing if made in conformity with procedures
which the Plan Administrator may adopt from time to time. 

  

	 	(e)	 At the Effective Time, certain active employees of Phillips 66 and members of its controlled group ceased to participate in the Plan, and the
liabilities, including liabilities related to benefits grandfathered from Code section 409A (i.e., amounts deferred and vested prior to January 1, 2005), for these participant’s benefits under the Plan were transferred to the
members of the Phillips 66 controlled group and continued as the Phillips 66 Key Employee Deferred Compensation Plan. ConocoPhillips distributed its interest in Phillips 66 to its shareholders as of the Distribution. On and after the Effective Time,
the Company, ConocoPhillips, other members of the Controlled Group (as determined after the Distribution), the Plan, any directors, officers, or employees of any member of the Controlled Group (as determined after the Distribution), and any
successors thereto, shall have no further obligation or liability to, or on behalf of, any such participant with respect to any benefit, amount, or right transferred to or due under the Phillips 66 Key Employee Deferred Compensation Plan.

  
 - 23 - 

 Further, as of the Distribution, the Restricted Stock and Restricted Stock Units
of ConocoPhillips shall be converted into Restricted Stock and Restricted Stock Units of ConocoPhillips and restricted stock and restricted stock units of Phillips 66 as provided in the Agreement. The amounts to be credited to a Participant’s
Deferred Compensation Account under Section 4(a) will be based on such Restricted Stock and Restricted Stock Units of ConocoPhillips and restricted stock and restricted stock units of Phillips 66 after the Distribution. 

Furthermore, with regard to any valuation that occurs after the Distribution and which requires valuation of Stock or the
common stock of Phillips 66 (“Phillips 66 Common Stock”), or of both, from a time on or before the Distribution and from a time after the Distribution, then the following shall apply, in order to allow the valuation to take into account
the distribution by stock dividend of one share of Phillips 66 Common Stock for each two shares of Stock held at the Distribution: 
  

	 	(1)	 The value of Stock or of Phillips 66 Common Stock determined as of any date after the Distribution shall be determined using market information
related to each; 

  

	 	(2)	 The value of Stock determined as of any date on or before the Distribution that does not also require a valuation of Stock as of any date after the
Distribution shall be determined using market information related to Stock as it traded on or before the Distribution; 

  

	 	(3)	 The value of Stock determined as of any date on or before the Distribution that also requires a valuation of Stock or of Phillips 66 Common Stock
as of any date after the Distribution shall be deemed to be two-thirds of the value of Stock determined using market information related to Stock as it traded on or before the Distribution; and 

 

	 	(4)	 The value of Phillips 66 Common Stock determined as of any date on or before the Distribution that also requires a valuation of Stock or of
Phillips 66 Common Stock as of any date after the Distribution shall be deemed to be one-third of the value of Stock determined using market information related to Stock as it traded on or before the Distribution. 

  
 - 24 - 

 SECTION 16.   Effective Date of the Restated Plan. 

Title II of the Key Employee Deferred Compensation Plan of ConocoPhillips is hereby amended and restated as set forth in this
2013 Restatement effective as of January 1, 2013. 
 Executed this 17th day of
November 2014, by a duly authorized officer of the Company. 
  

	
	 /s/ Sheila Feldman

	 Sheila Feldman

	 Vice President, Human Resources

  
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 APPENDIX A 

SELECT NEW HIRES TO TITLE II OF 

THE KEY EMPLOYEE DEFERRED COMEPNSATION PLAN OF CONOCOPHILLIPS 

For Select New Hires, as set forth in resolutions adopted from time to time by the Human Resources and Compensation Committee of the Board of
Directors of ConocoPhillips, or its successor, the following provisions apply: 
 1.      The Select New Hire
will, effective on the first day of employment with the Controlled Group, become a Participant in Title II of the Key Employee Deferred Compensation Plan of ConocoPhillips. A Deferred Compensation Account will be created for the Select New Hire in
the Plan. The amount set forth in the applicable resolution will be credited to the Deferred Compensation Account for the Select New Hire not later than 30 days after the first day of employment of the Select New Hire. Section 5(a) of the Plan
shall be disregarded with respect to the Deferred Compensation Account, and in lieu thereof the Select New Hire shall be asked to complete and return to the Plan Administrator election forms to set the time and form of distribution with regard to
the Deferred Compensation Account either before the first day of employment or no later than 30 days after the first day of employment. Other than with regard to the timing of the initial distribution election (as set forth in the preceding
sentence), other provisions of Section 5 of the Plan shall apply to the Deferred Compensation Account, including default provisions in the event that a properly completed initial distribution election form is not received within the time set
forth in the preceding sentence. For purposes of Section 5(b)(ii) of the Plan, the amount set forth in the applicable resolution shall be considered to be a deferred portion of an Incentive Compensation Plan award. 

  
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 2.      The resolution granting participation to the Select New
Hire will also set the vesting schedule for the Deferred Compensation Account provided pursuant to paragraph 1 of this Appendix. 

3.      All other provisions of the Plan will apply to the Deferred Compensation Account and the Select New Hire
as a Participant in the Plan. 
 4.      Nothing in this Appendix is intended to affect the other operations
of the Plan, such as Salary reductions and deferrals or Incentive Compensation Plan deferrals. If the Select New Hire is, under the provisions of the Plan, otherwise eligible to, participate in the Plan, the Select New Hire may do so in accordance
with those provisions. 

  
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