Document:

Exhibit 10.24

 

EMPLOYMENT AGREEMENT

 

THIS
EMPLOYMENT AGREEMENT (this “Agreement”) is effective October 5, 2021 (the “Effective Date”),
by and between JGMT, LLC, a Florida limited liability company (the “Company”), and Ed Kremer (the “Executive”).
(Company and Executive are sometimes individually referred to herein as a “Party” and collectively as the “Parties.”)

 

WHEREAS, the Company desires
to employ the Executive and the Executive desires to be employed by the Company, subject to the terms and conditions set forth in this
Agreement; and

 

NOW,
THEREFORE, in consideration of the foregoing, of the mutual promises contained herein and of other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the Parties hereto hereby agree as follows:

 

1.            Employment
Term. This Agreement shall become effective as of the Effective Date and Executive’s employment with the Company shall continue
in accordance with the terms of this Agreement until such employment is terminated pursuant to Section 4 hereof (the “Employment
Term”).

 

2.            Position
and Duties; Exclusive Employment; No Conflicts.

 

(a)            Position
and Duties; Exclusive Employment. During the Term, Executive shall serve initially as Chief Financial Director and then will be named
Chief Financial Officer (“CFO”) once all applications and/or background checks with the applicable exchanges and regulatory
bodies are submitted and, where necessary, approved, and then Executive is approved by the Board of Directors of Jushi Holdings Inc. (“Board”).
Executive will report directly to the Company’s Chief Executive Officer (the “CEO”), or the CEO’s designee
(such designation to be made in writing), and shall have such duties, authority, and responsibility as shall be assigned and determined
from time to time by the CEO, or the CEO’s designee, including duties and responsibilities for the Company, its current parent,
Jushi Holdings Inc. (“Parent”), any future parent of the Company, and each of their current and future subsidiaries
and affiliates (collectively referred to herein as the “Company Group”), commensurate with Executive’s responsibilities
as the CFO of the Company Group. Executive acknowledges that Executive’s duties and responsibilities for Company Group shall include,
but shall not be limited to, managing the company or organization’s finances and is responsible for financial reporting, assessing
financial risks and opportunities and overseeing and managing lower-level financial managers, helping set and track financial goals, objectives,
and budgets, and other duties as assigned by the CEO. Executive agrees to devote Executive’s full business time and attention exclusively
to the performance of Executive’s duties hereunder and in furtherance of the business of Company Group. Executive also acknowledges
that Executive’s position, title, duties and/or responsibilities may change from time to time as needed and determined by the CEO
and such change(s) shall not constitute a termination by the Company except to the extent such a change triggers a Resignation by
Executive for Good Reason as more fully detailed in Section 4(c). During the Employment term, Executive shall (i) perform Executive’s
duties and responsibilities hereunder faithfully and to the best of Executive’s abilities in a diligent manner and in accordance
with the Company Group’s policies and applicable law, (ii) use Executive’s commercially reasonable best efforts to promote
the success of the Company Group, (iii) not do anything, or permit anything to be done at Executive’s direction, that is intended
to be inconsistent with Executive’s duties to the Company Group or opposed to the best interests of the Company Group or which is
a conflict of interest, in each case, subject to applicable law, and (iv) not be or become an officer, director, manager, employee,
advisor, or consultant of any business other than that of the Company Group without prior written authorization from the CEO. Notwithstanding
the foregoing, Executive may engage in the project described in Appendix A as well as religious, charitable or other community activities
as long as such services and activities do not interfere with Executive’s performance of Executive’s duties to Company Group.

 

    

     

    

 

(b)            Principal
Office. Executive’s principal office will be located in __________________, Connecticut but Executive will be expected to travel
extensively on behalf of the Company.

 

(c)            No
Conflict. Executive represents and warrants to the Company that Executive has the capacity to enter into this Agreement, and that
the execution, delivery and performance of this Agreement by Executive will not violate any agreement, undertaking or covenant to which
Executive is party or is otherwise bound, including any obligations with respect to non-competition, non-solicitation, or proprietary
or confidential information of any other person or entity.

 

3.            Compensation;
Benefits.

 

(a)            Base
Salary. During the Employment Term, the Company shall pay to Executive an annual base salary of Four Hundred Thousand and No/100 Dollars
($400,000.00) (as the same may be increased from time to time, the “Base Salary”), which shall be payable in regular
installments in accordance with the Company’s customary payroll practices and procedures or, at the Company’s election, in
cash, but in no event less frequently than monthly, and prorated for any partial year worked.

 

(b)            First
Year Short-Term Incentive Bonus. Executive’s initial short-term incentive bonus will be earned upon the one (1) year anniversary
of the Effective Date, and shall be paid within two pay periods thereafter (“First Year Short-Term Incentive Bonus”). Executive’s
bonus target for the First Year Short-Term Incentive Bonus is equal to 50% of Executive’s Base Salary. Of Executive’s 50%
bonus target for the First Year Short-Term Incentive Bonus, 50% is guaranteed and 50% is based on the following performance metrics and
will be paid if each of the following metrics are met:

 

		(i)	Successful and timely completion of the IFRS/GAAP conversion;

 

		(ii)	Timely completion of the 2021 annual audit;

 

		(iii)	Timely filing of 2021 annual financials and all quarterly financials due through Executive’s first year anniversary date; and

 

		(iv)	Successful SEC registration under the exchange act.

 

(c)            Short-Term
Incentive Bonus. After the First Year Short-Term Incentive Bonus is earned, thereafter the Executive shall then be eligible to earn
a performance bonus pursuant to the Company’s annual short-term incentive program with an annual target of 50% of Employee’s
Base Salary and can be paid in cash or stock at the Parent’s discretion and subject to Board approval, where applicable (“Short-Term
Incentive Bonus”). Any such Short-Term Incentive Bonus for the current measurement year, May – April, in which the Executive
becomes eligible to participate will be prorated based on the number of days the Executive is eligible to participate during that fiscal
year. The measurement year for the performance bonus is subject to change.

 

(d)            Equity.
During the Employment Term, the Employee shall be eligible for equity grants pursuant to Jushi’s Equity Incentive Plan and any such
equity grant will be issued at Jushi’s sole discretion and subject to Jushi’s Board of Director’s approval.

 

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(e)            Welfare
Benefit Plans. During the Employment Term, Executive shall be eligible for participation in the welfare benefit plans, practices,
policies and programs (including, if applicable, medical, dental, disability, employee life, group life and accidental death insurance
plans and programs) maintained by the Company or its affiliates for Executives of the Company, subject in each instance to the terms and
conditions of such plans, practices, policies and programs.

 

(f)            Expenses.
During the Employment Term, Executive shall be entitled to reimbursement of all documented reasonable business expenses incurred by Executive
in accordance with the policies, practices and procedures of the Company applicable to employees of the Company, as in effect from time
to time. To the extent that any reimbursement of expenses under this Section 3(f) constitutes “deferred compensation”
under Section 409A of the Internal Revenue Code of 1986 and the regulations and guidance promulgated thereunder (as amended, the
 “Code” and such section of the Code, “Code Section 409A”), such reimbursement shall be
provided no later than December 31 of the year following the year in which the expense was incurred. The amount of expenses reimbursed
in one year shall not affect the amount eligible for reimbursement in any subsequent year and the right to payment or reimbursement or
in-kind benefits hereunder may not be liquidated or exchanged for any other benefit.

 

(g)            Vacation.
During the Employment Term, Executive shall be entitled to time off as needed, in accordance with the plans, policies, programs and practices
of the Company applicable to its employees, and, in each case, subject to the consent of the CEO or the CEO’s designee.

 

(h)            Withholding
Taxes. All forms of compensation paid or payable to Executive, whether under this Agreement or otherwise, are subject to reduction
to reflect applicable withholding and payroll taxes pursuant to any applicable law or regulation.

 

4.            Termination.
This Agreement and Executive’s employment with the Company may be terminated only in accordance with the following provisions.

 

(a)            Termination
by the Company Without Cause. The Company may terminate Executive’s employment without “Cause” (as defined in Section 4(f))
by providing written notice to the Executive at least thirty (30) days prior to the effective date of termination (the “Notice
Period”). During the Notice Period, Executive shall continue to perform the duties of Executive’s position and the Company
shall continue to compensate Executive as set forth herein. Notwithstanding the foregoing, the Company will have the option of requiring
Executive to immediately vacate the Company’s premises and cease performing Executive’s duties hereunder. If the Company so
elects this option, then the Company will be obligated to compensate the Executive for the duration of the Notice Period. Additionally,
in the event of termination without Cause, the Company will be obligated to compensate Executive as follows:

 

(i)            Prior
to a Change in Control. In the event the Company terminates Executive’s employment without Cause prior to a “Change in
Control” (as defined in Section 4(f)) and Executive executes a general release of all claims (“Release”)
in a form prescribed by the Company and such Release becomes final, binding and irrevocable no more than 55 days after Executive’s
termination of employment, then the Company shall pay Executive 12 months of Executive’s Base Salary over a 12-month period in installments
based on the Company’s regular payroll schedule (the “Severance Payment”).

 

(ii)            Upon
a Change in Control. In the event the Company terminates Executive’s employment without Cause upon a Change of Control or
thereafter and Executive executes the Release and such Release becomes final, binding and irrevocable no more than 55 days after
Executive’s termination of employment, then the Company shall: (x) accelerate any and all unvested portion of
Executive’s stock options so that they are immediately fully vested, exercisable and nonforfeitable (“Equity
Acceleration”); and (y) pay Executive 12 months of Executive’s Base Salary over a 12-month period in installments
based on the Company’s regular payroll schedule (the “Change in Control Severance Payment”). The Equity
Acceleration will become effective upon expiration of the applicable revocation period with respect to the Release. Should the
Executive start another position and/or enter into a consulting agreement, the installment payments for the Severance Payment or the
Change in Control Severance Payment shall immediately cease as of the date Executive commences such other position or performing
consulting services, and nothing further shall be due to the Executive.

 

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(b)            Termination
By the Company for Cause. The Company may terminate Executive’s employment for Cause, which shall be effective upon delivery
by the Company of written notice to Executive of such termination, subject to any cure period as required within the definition of Cause.

 

(c)            Resignation
by Executive for Good Reason. Executive may resign from his employment for a Good Reason (defined below in Section 4(f)(iv))
only: (x) during the first twelve (12) months of the Employment Term if Jim Cacioppo leaves the Company; or (y) upon a Change
of Control or thereafter. Executive’s resignation shall be effective upon delivery by the Executive of written notice to the Company
of such resignation detailing the Good Reason, subject to the cure period. In the event of a resignation by Executive for Good Reason
during the first twelve (12) months of the Employment Term if Jim Cacioppo leaves the Company, Executive shall be compensated as set forth
in Section 4(a)(i) as if his employment had been terminated by the Company without Cause. In the event of a resignation by Executive
for Good Reason upon a Change of Control or thereafter, Executive shall be compensated as set forth in Section 4(a)(ii) as if
his employment had been terminated by the Company without Cause upon a Change in Control or thereafter.

 

(d)            Death
of Executive. Executive’s employment and this Agreement shall terminate automatically upon the date of Executive’s death.

 

(e)            Disability
of Executive This Agreement shall be terminated upon thirty (30) days’ written notice by Company to Executive that Company has
made a good faith determination that Executive has a Disability (as defined in Section 4(f)).

 

(f)            Definitions.
The terms set forth below have the following meanings, except where otherwise expressly indicated:

 

(i)            “Cause”
shall mean, with respect to Employee, one or more of the following: (A) commission of any act or omission involving moral turpitude,
misappropriation, embezzlement, dishonestly, or fraud, including related to compliance with applicable laws related to cannabis; provided,
that for the sake of clarity, no action or inaction by Employee that may be considered a violation of any U.S. federal law prohibiting
the sale of cannabis products shall be grounds for any termination by the Company for Cause, nor shall such action or inaction be a violation
of this Agreement for any reason; (B) the commission of any act or omission which is significantly injurious to the Company Group;
(C) reporting to work under the influence of alcohol or illegal drugs, or other conduct causing the Company Group public disgrace
or disrepute or significant economic harm, whether such conduct occurred in conjunction with the performance of Employee’s duties
for the Company Group, or otherwise; D) insubordination or inattention to Employee’s duties as reasonably directed by the CEO or
the CEO’s designee (E) any act or omission aiding or abetting a competitor, supplier or customer of any member of the Company
Group; (F) breach of any applicable fiduciary duty with respect to any member of the Company Group, or gross negligence or willful
misconduct; (G) any breach of this Agreement; or (H) failure to comply with the Company’s material policies governing
business ethics or codes of conduct. The Company shall provide Employee with twenty-one (21) days’ notice prior to terminating for
Cause under subsections (B), (D), (F), (G) or (H) of this Section 4(f)(i) to provide the Employee with an opportunity
to cure any act or omission constituting Cause pursuant to such subsections under subsections (B), (D), (F), (G) or (H) of this
Section 4(f)(i), to the extent such act or omission is curable. In no event shall the Employee have more than one cure opportunity
with respect to the recurrence of the same or similar action or inaction constituting Cause.

 

(ii)            “Change
of Control” means the occurrence of any one of the following:

 

(A)            any
one person (or more than one person acting as a group) other than any trustee or other fiduciary holding securities of the Parent under
an employee benefit plan of the Parent, an underwriter temporarily holding securities pursuant to an offering of such securities or any
corporation owned, directly or indirectly, by the stockholders of the Parent in substantially the same proportions as their ownership
of stock of the Parent, directly or indirectly acquires equity securities representing more than 50% of the combined voting power of the
Parent’s then outstanding equity securities;

 

(B)            the
consummation of a reorganization, merger, statutory share exchange, consolidation, amalgamation or similar corporate transaction (each,
a “Business Combination”) other than a Business Combination in which all or substantially all of the persons who were the
beneficial owners of the Parent’s voting securities immediately prior to such Business Combination beneficially own, directly or
indirectly, 50% or more of the combined voting power of the voting securities of the entity resulting from such Business Combination (including,
without limitation, an entity which as a result of the Business Combination owns the Parent or all or substantially all of the Parent’s
assets either directly or through one or more subsidiaries) in substantially the same proportions as their ownership of the Parent’s
voting securities immediately prior to such Business Combination; or

 

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(C)            any
one person (or more than one person acting as a group) acquires all or substantially all of the assets of the Parent within any twelve
(12) consecutive month period.

 

Notwithstanding the forgoing, none of
the foregoing events shall constitute a Change of Control of the Parent unless such event also constitutes a change in ownership of the
Parent within the meaning of Treasury Regulation Section 1.409A- 3(i)(5)(v) or a change in ownership of a substantial portion
of the assets of the Parent within the meaning of Treasury Regulation Section 1.409A-3(i)(5)(vii).

 

(iii)            “Disability”
means determination by a medical professional of the Company’s choosing who, in the exercise of reasonable medical judgment, finds
that (i) the Executive has been incapacitated by bodily injury, illness or disease so as to be prevented thereby from engaging
in the performance of the Executive’s duties (provided, however, that the Company acknowledges its obligations to provide reasonable
accommodation to the extent required by applicable law); (ii) such incapacity shall have continued for a period of six (6) consecutive
months; and (iii) such incapacity will, in the opinion of a qualified physician, be permanent and continuous during the remainder
of the Executive’s life. Executive provides authorization for such a medical professional to evaluate Executive and inspect Executive
medical records. If Executive fails to comply with the aforementioned medical evaluation and inspection of medical records, then the Company
may terminate the Executive’s employment for Cause pursuant to Section 4(b).

 

(iv)            “Good
Reason” means, without Executive’s written consent, (A) the assignment to the Executive of any duties materially
inconsistent with the Executive’s position, including any change in status, authority, duties or responsibilities or other action
which results in a material diminution in such status, authority, duties or responsibilities; (B) a material reduction in the Executive’s
Base Salary by the Company, however a reduction in Base Salary, even if material, shall not constitute a “Good Reason” if
all members of the executive team take an equal reduction (calculated by percentage) as may be dictated by business conditions from time
to time; or (C) the relocation of the Executive’s principal office to a location more than 30 miles from his then current principal
office. Notwithstanding the foregoing, a “Good Reason” shall not exist unless the Executive provides written notice to the
Company of Employee’s discovery of the existence of the applicable condition described above and Company fails to cure such condition
within sixty (60) days of receipt of notice by Executive.

 

5.            Payments
of Accrued Obligations Upon Termination. In the event that Executive’s employment with the Company terminates for any reason,
the Company’s obligation to compensate Executive shall in all respects cease as of the date of termination, except that the Company
shall pay to Executive through the date of termination (i) any accrued but unpaid Base Salary, (ii) any payments Executive is
entitled to receive pursuant to Section 4, and (iii) any rights or payments that are vested benefits or that Executive
is otherwise entitled to receive at or subsequent to the date of termination of employment under any benefit plan or any other contract
or agreement with the Company, which shall be payable in accordance with the terms of such benefit plan, contract or agreement, except
as explicitly modified by this Agreement, including, without limitation, any of Executive’s business expenses that are reimbursable,
but have not been reimbursed as of the date of termination of employment (the “Accrued Obligations”). The Company shall
pay to Executive (or to Executive’s estate in the event of Executive’s death), the Accrued Obligations (other than the Severance
Payment or Change in Control Severance Payments which shall be paid as described in Section 4(a)) within thirty (30) days
after the date of termination of Executive’s employment with the Company.

 

6.            Non-Disclosure
of Confidential Information.

 

(a)            Confidential
Information. Executive acknowledges that in the course of Executive’s employment with the Company, Executive will be provided
with, have access to, access, use, and develop Confidential Information (as defined herein) of the Company Group. For purposes of this
Agreement, “Confidential Information” shall mean and include all information, whether written or oral, tangible or
intangible (in any form or format), of a private, secret, proprietary or confidential nature, of or concerning the Company Group or the
business or operations of the Company Group, including without limitation: any trade secrets or other confidential or proprietary information
which is not publicly known or generally known in the industry; the identity, background, and preferences of any current or prospective
clients, investors, distributors, suppliers, vendors, referral sources, and business affiliates; pricing and financial information; current
and prospective client, investor, distributor, supplier, or vendor lists and leads; proposals with prospective clients, investors, distributors,
suppliers, vendors, or business affiliates; contracts with clients, investors, distributors, suppliers, vendors or business affiliates;
marketing plans; brand standards guidelines; proprietary computer software and systems; marketing materials and information; operating
and business plans and strategies; research and development; policies and manuals; personnel information of employees that is private
and confidential; any information related to the compensation of employees, consultants, agents or representatives of Company Group; sales
and financial reports and forecasts; any information concerning any product, technology or procedure employed by Company Group but not
generally known to its current or prospective clients, investors, distributors, suppliers, vendors or competitors, or under development
by or being tested by Company Group; any inventions, innovations or improvements covered by Section 9 hereof; and information
concerning planned or pending acquisitions or divestitures. Notwithstanding the foregoing, the term Confidential Information shall not
include information which (A) becomes available to Executive from a source other than Company Group or from third parties with whom
Company Group is not bound by a duty of confidentiality, (B) becomes generally available or known in the industry other than as a
result of its disclosure by Executive, or (C) that is independently developed by Executive without reliance on Confidential Information
and is unrelated to the Company Group or its business.

 

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(i)            During
the course of Executive’s employment with Company, Executive agrees to use Executive’s commercially reasonable best efforts
to maintain the confidentiality of the Confidential Information, including adopting and implementing all reasonable procedures prescribed
by Company Group to prevent unauthorized use of Confidential Information or disclosure of Confidential Information to any unauthorized
person.

 

(ii)            Executive
agrees that all Confidential Information shall be Company Group’s sole property during and after Executive’s employment with
Company. Executive agrees that Executive will not remove any hard copies of Confidential Information from Company Group’s premises,
will not download, upload, or otherwise transfer copies of Confidential Information to any external storage media or cloud storage (except
as necessary in the performance of Executive’s duties for Company Group and for Company Group’s sole benefit), and will not
print hard copies of any Confidential Information that Executive accesses electronically from a remote location (except as necessary in
the performance of Executive’s duties for Company Group and for Company Group’s sole benefit).

 

(iii)            Other
than as contemplated in Section 6(a)(v) below, in the event that Executive becomes legally obligated to disclose any
Confidential Information to anyone other than to Company Group, Executive will provide Company with prompt written notice thereof so that
Company may seek a protective order or other appropriate remedy and Executive will cooperate with and assist Company in securing such
protective order or other remedy. In the event that such protective order is not obtained, or that Company waives compliance with the
provisions of this Section 6 to permit a particular disclosure, Executive will furnish only that portion of the Confidential
Information which Executive is legally required to disclose.

 

(iv)            Executive
agrees to execute and abide by the terms of the Company’s Proprietary Rights Agreement, attached as Appendix B.

 

(v)            Nothing
in this Agreement shall be construed to prohibit Executive from: filing a charge or participating in any investigation or proceeding conducted
by any federal, state or local government agency charged with enforcement of any law; reporting possible violations of any law, rule or
regulation to any governmental agency or entity charged with enforcement of any law, rule or regulation; or making other disclosures
that are protected under whistleblower provisions of any law, rule or regulation. Executive acknowledges that an individual shall
not be held criminally or civilly liable under any federal or state trade secret law for the disclosure of a trade secret that is: (A) made
in confidence to a federal, state, or local government official, either directly or indirectly, or to an attorney, and made solely for
the purpose of reporting or investigating a suspected violation of law; or (B) made in a complaint or other document filed in a lawsuit
or other proceeding, if such filing is made under seal. Executive further acknowledges that an individual who files a lawsuit for retaliation
by an employer for reporting a suspected violation of law may disclose the trade secret to the attorney of the individual and use the
trade secret information in the court proceeding, if the individual: (1) files any document containing the trade secret under seal;
and (2) does not disclose the trade secret, except pursuant to court order.

 

(b)            Restrictions
On Use And Disclosure Of Confidential Information. At all times during Executive’s employment with the Company and after Executive’s
employment with Company terminates, regardless of the reason for termination, Executive agrees: (i) not to use, permit use of, discuss,
disclose, transfer, or disseminate in any manner any Confidential Information, except as reasonably necessary in the performance of Executive’s
duties for Company Group and for Company Group’s sole benefit; (ii) not to make, or cause to be made, copies (in any form or
format) of the Confidential Information, except as reasonably necessary in the performance of Executive’s duties for Company Group
and for Company Group’s sole benefit; and (iii) to promptly and fully advise the Company of all facts known to Executive concerning
any actual or threatened unauthorized use or disclosure of the Confidential Information about which Executive becomes aware. The restrictions
contained in this Section 6(b) also apply to Confidential Information developed by Executive during Executive’s
employment with the Company, which are related to the Company Group or to the Company Group’s successor or assigns, as such information
is developed for the benefit of and ownership of the Company Group and all rights and privileges to such information or derivative works,
including but not limited to trademarks, patents and copyrights remain with the Company Group.

 

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(c)            Third
Party Information. Executive acknowledges that during the course of Executive’s employment with the Company, Executive may receive
or have access to, confidential or proprietary information belonging to third parties (“Third Party Information”).
During the Employment Term and thereafter, Executive agrees: (i) to hold the Third Party Information in the strictest confidence,
take all reasonable precautions to prevent the inadvertent disclosure of the Third Party Information to any unauthorized person, and follow
all of the Company’s policies regarding protecting the Third Party Information; (ii) not to use, permit use of, discuss, disclose,
transfer, or disseminate in any manner any Third Party Information, except as reasonably necessary in the performance of Executive’s
duties for Company Group; (iii) not to make, or cause to be made, copies (in any form or format) of the Third Party Information,
except as reasonably necessary in the performance of Executive’s duties for Company Group or as compelled by subpoena or other legal
order or process; and (iv) to promptly and fully advise the Company of all facts known to Executive concerning any actual or threatened
unauthorized use or disclosure of the Third Party Information about which Executive becomes aware.

 

(d)            Return
of Confidential Information and Property. Upon termination of Executive’s employment with the Company, notwithstanding the reason
or cause of termination, and at any other time upon written request by the Company, Executive shall promptly return to the Company all
originals, copies, or duplicates, in any form or format (whether paper, electronic or other storage media), of the Confidential Information
and the Third Party Information, as well as any and all other documents, computer discs, computer data, equipment, and other property
of the Company Group (including, but not limited to, cell phones, credit cards, and laptop computers if they have been provided to Executive),
relating in any way to the business of the Company Group or in any way obtained by Executive from the Company during and in the course
of Executive’s employment with the Company. Executive further agrees that after termination of Executive’s employment with
the Company, Executive shall not knowingly retain any copies, notes, or abstracts in any form or format (whether paper, electronic or
other storage media) of the Confidential Information, the Third Party Information, or other documents or property belonging to the Company
Group.

 

7.            Non-Competition;
Non-Solicitation.

 

(a)            Non-Competition.
Executive acknowledges the highly competitive nature of Company Group’s business and, in consideration of Executive’s employment
with the Company, access to the Confidential Information the payment of the Base Salary, grant of equity-based compensation awards, eligibility
for Severance Payment pursuant to Sections 4(a) and 4(c) and other benefits by Company to Executive pursuant to the terms
hereof (which Executive acknowledges is sufficient to justify the restrictions contained herein), Executive agrees that during the Employment
Term and for 12 months from the date of termination of Executive’s employment with Company for any reason (the “Restricted
Period”), Executive will not engage, directly or indirectly, as a principal, officer, agent, employee, director, member, partner,
stockholder (other than as the passive holder of less than five percent (5%) of the outstanding stock of a publicly-traded corporation),
independent contractor, or through the investment of capital, lending of money or property, rendering of consulting services or advice,
or in any other capacity, whether with or without compensation or other remunerations, in the Restricted Business (as hereinafter defined)
anywhere within the anywhere within the Restricted Area (as hereinafter defined). For purposes of this Agreement, the “Restricted
Area” is any country, state, province, county, or city in which Company Group conducts the Restricted Business as of the date
of termination of Executive’s employment with Company or conducted the Restricted Business within the one-year period prior to the
date of termination of Executive’s employment with the Company. For purposes of this Agreement, “Restricted Business”
shall mean the business of cultivating, manufacturing, processing, packaging, purchasing, distributing, dispensing, and selling cannabis
and hemp products.

 

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(b)            Non-Solicitation
of Clients, Investors, Distributors, Vendors, and Suppliers. Executive agrees that during the Employment Term and for two (2) years
from the date of termination of Executive’s employment with Company for any reason, including upon expiration of the Employment
Term, Executive shall not, for Executive’s own benefit or on behalf of any other person or entity (other than the Company Group),
directly or indirectly through another person or entity: (i) contact, solicit, or communicate with any existing or prospective client,
investor, distributor, vendor, or supplier of the Company Group for the purpose of encouraging, causing, or inducing the client, investor,
distributor, vendor, or supplier to cease or reduce doing business with the Company Group; (ii) divert opportunities related to the
Restricted Business to some person or entity engaged in any part of the Restricted Business (other than for the Company Group); (iii) contact,
solicit, or communicate with any existing or prospective client, investor, distributor, vendor, or supplier of the Company Group for the
purpose of providing the client, investor, distributor, vendor, or supplier with products or services competitive with those products
or services provided by the Company Group; or (iv) aid or assist any other person, business, or entity to do any of the aforesaid
prohibited acts. The restriction created by this Section 7(b) is limited to existing and prospective clients, investors,
distributors, vendors, and suppliers of the Company Group with whom Executive had material contact or business dealings during Executive’s
employment with the Company. Further, nothing herein prevents Executive from dealing with any client, prospective client, investor, distributor,
vendor or supplier in response to a general advertisement.

 

(c)            Non-Solicitation
of Employees, Consultants, and Independent Contractors. Executive agrees that during the Employment Term and for two (2) years
from the date of termination of Executive’s employment with Company for any reason, including upon expiration of the Employment
Term, Executive will not, directly or indirectly (in any capacity, on Executive’s own behalf or on behalf of any other person or
entity): (i) solicit, request, induce or encourage any employees, consultants, or independent contractors of the Company Group to
terminate their employment, to cease to be engaged by the Company Group, and/or to terminate or reduce their business relationship with
the Company Group; or (ii) hire, employ, or offer to hire or employ any employee, consultant, or independent contractor of the Company
Group (other than for the Company Group).

 

(d)            Scope
of Restrictive Covenants. Company and Executive recognize and agree that the Company Group conducts business operations and generates
revenues from clients throughout the Restricted Area. Executive acknowledges that the Company Group would be greatly damaged if Executive
took action that would violate the restrictive covenants of this Section 7 anywhere in the Restricted Area. Accordingly, Company
and Executive agree that the restrictive covenant provisions contained in this Section 7 are applicable to the Restricted
Area, and Executive shall be prohibited from violating the terms of this Section 7 from any location anywhere in the Restricted
Area. The Parties acknowledge and agree that the scope of the restrictive covenants in this Section 7 shall not prevent Executive
from engaging in the practice of law in the Restricted Business or otherwise.

 

(e)            Reasonableness
of Restrictive Covenants. Executive agrees and acknowledges that to assure the Company that the Company Group will retain the value
of its operations, it is necessary that the Executive abide by the restrictions set forth in this Agreement. Executive further agrees
and acknowledges that during the Employment Term, Executive will be engaged in, obtain Confidential Information about, and have operational
duties and responsibilities in connection with, all aspects of the Restricted Business. Executive further agrees that the promises made
in this Agreement are reasonable and necessary for protection of the Company Group’s legitimate business interests including, but
not limited to: the Confidential Information; client good will associated with the specific marketing and trade area in which the Company
Group conducts its business; the Company Group’s substantial relationships with prospective and existing clients, investors, distributors,
vendors, and suppliers; and a productive and competent and undisrupted workforce. Executive agrees that the restrictive covenants in this
Agreement will not prevent Executive from earning a livelihood in Executive’s chosen business, they do not impose an undue hardship
on Executive, and that they will not injure the public.

 

(f)            Tolling
of Restrictive Period. The time period during which Executive is to refrain from the activities described in Section 7
of this Agreement will be extended by any length of time during which Executive is in breach of any provision of this Agreement. The Executive
acknowledges that the purposes and intended effects of the restrictive covenants would be frustrated by measuring the period of the restriction
from the date of termination of Executive’s employment where the Executive failed to honor the restrictive covenant until required
to do so by court order.

 

    8

     

    

 

8.            Non-Disparagement.
Executive agrees that at all times during and after the Employment Term, Executive will not engage in any conduct that is injurious to
the reputation or interests of the Company Group, including, but not limited to, making disparaging comments (or inducing or encouraging
others to make disparaging comments) about the Company Group, any of the shareholders, members, directors, officers, employees, investors,
or agents of the Company Group, or the Company Group’s operations, financial condition, prospects, products or services. The Company
will not make any disparaging public statements about Executive without his prior written consent and shall instruct its directors and
officers to refrain from making disparaging public statements about Executive. However, nothing in this Agreement shall prohibit Executive
from: exercising protected rights under Section 7 of the National Labor Relations Act; filing a charge with or participating in any
investigation or proceeding conducted by the Equal Employment Opportunity Commission or any other local, state, or federal administrative
body or government agency that is authorized to enforce or administer any law, rule, or regulation; testifying truthfully in any forum
or before any government agency responsible for enforcing any law, rule, or regulation; reporting possible violations of any law, rule or
regulation to any governmental agency or entity charged with enforcement of any law, rule or regulation; making other disclosures
that are protected under whistleblower provisions of any law, rule or regulation; or providing information in connection with an
investigation by the Equal Employment Opportunity Commission or any other local, state, or federal administrative body or government agency.

 

9.            Intellectual
Property.

 

(a)            Work
Product Owned By Company. Executive agrees that the Company or the applicable member of the Company Group (each individually the “Assigned
Party”) is and will be the sole and exclusive owner of all ideas, inventions, discoveries, improvements, designs, plans, methods,
works of authorship, deliverables, writings, brochures, manuals, know-how, method of conducting its business, policies, procedures, products,
processes, software, or any enhancements, or documentation of or to the same and any other work product in any form or media that Executive
makes, works on, conceives, or reduces to practice, individually or jointly with others, in the course of Executive’s employment
for the Assigned Party and with the use of the Assigned Party’s time, materials or facilities, and is in any way related or pertaining
to or connected with the present or anticipated business, products or services of the Assigned Party whether produced during normal business
hours or on personal time (collectively, “Work Products”).

 

(b)            Definition
of Intellectual Property. “Intellectual Property” means any and all (i) copyrights and other rights associated
with works of authorship, (ii) trade secrets and other confidential information, (iii) patents, patent disclosures and all rights
in inventions (whether patentable or not), (iv) trademarks, trade names, Internet domain names, and registrations and applications
for the registration thereof together with all of the goodwill associated therewith, (v) all other intellectual and industrial property
rights of every kind and nature throughout the world and however designated, whether arising by operation of law, contract, license, or
otherwise, and (vi) all registrations, applications, renewals, extensions, continuations, divisions, or reissues thereof now or hereafter
in effect.

 

(c)            Assignment.
Executive acknowledges Executive’s work and services provided for the Assigned Party and all results and proceeds thereof, including,
the Work Products, are works done under Company Group’s direction and control and have been specially ordered or commissioned by
the Company Group. To the extent the Work Products are copyrightable subject matter, they shall constitute “works made for hire”
for the Company Group within the meaning of the Copyright Act of 1976, as amended, and shall be the exclusive property of the Assigned
Party. Should any Work Product be held by a court of competent jurisdiction to not be a “work made for hire,” and for any
other rights, Executive hereby assigns and transfers to Assigned Party, to the fullest extent permitted by applicable law, all right,
title, and interest in and to the Work Products, including but not limited to all Intellectual Property pertaining thereto, and in and
to all works based upon, derived from, or incorporating such Work Products, and in and to all income, royalties, damages, claims and payments
now or hereafter due or payable with respect thereto, and in and to all causes of action, either in law or in equity for past, present,
or future infringement. Executive hereby waives and further agrees not to assert Executive’s rights known in various jurisdictions
as moral rights and grants the Company Group the right to make changes, as the Company Group deems necessary, in the Work Products.

 

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(d)            License
of Intellectual Property Not Assigned. Notwithstanding the above, should Executive be deemed to own or have any Intellectual Property
that is used, embodied, or reflected in the Work Products, Executive hereby grants to the Company Group, its successors and assigns, the
non-exclusive, irrevocable, perpetual, worldwide, fully paid and royalty-free license, with rights to sublicense through multiple levels
of sublicenses, to use, reproduce, publish, create derivative works of, market, advertise, distribute, sell, publicly perform and publicly
display and otherwise exploit by all means now known or later developed the Work Products and Intellectual Property.

 

(e)            Maintenance;
Disclosure; Execution; Attorney-In-Fact. Executive will, at the request and cost of the Assigned Party, sign, execute, make and do
all such deeds, documents, acts and things as the Assigned Party and their duly authorized agents may reasonably require to apply for,
obtain and vest in the name of the Assigned Party alone (unless the Assigned Party otherwise directs) letters patent, copyrights or other
analogous protection in any country throughout the world and when so obtained or vested to renew and restore the same. In the event the
Assigned Party is unable, after reasonable effort, to secure Executive’s signature on any letters patent, copyright or other analogous
protection relating to a Work Product, whether because of Executive’s physical or mental incapacity or for any other reason whatsoever,
Executive hereby irrevocably designates and appoints the Assigned Party and its duly authorized officers and agents as Executive’s
agent and attorney-in-fact (which designation and appointment shall be (i) deemed coupled with an interest and (ii) irrevocable,
and shall survive Executive’s death or incapacity), to act for and in Executive’s behalf and stead to execute and file any
such application or applications and to do all other lawfully permitted acts to further the prosecution and issuance of letters patent,
copyright or other analogous protection thereon with the same legal force and effect as if executed by Executive.

 

(f)            Executive’s
Representations Regarding Work Products. Executive represents and warrants that all Work Products that Executive makes, works on,
conceives, or reduces to practice, individually or jointly with others, in the course of performing Executive’s duties for Assigned
Party under this Agreement are (i) original or an improvement of the Assigned Party’s prior Work Products and (ii) do
not include, copy, use, or infringe any Intellectual Property rights of a third party.

 

10.            Cooperation.
During the Employment Term and thereafter, Executive will cooperate with all reasonable requests by the Company Group for assistance in
connection with any investigations or legal proceedings involving the Company Group, at Company Group’s sole cost and expense, including
by providing truthful testimony in person in any such legal proceedings without having to be subpoenaed; provided, however, that the foregoing
shall not apply to any investigation or legal proceeding involving disputes between Executive and the Company Group arising under this
Agreement or any other agreement.

 

11.            Indemnification.
The Executive is eligible to receive indemnification from the Company Group in the form that is available to other similarly situated
Executives.

 

12.            Severability;
Independent Covenants. If any term or provision of this Agreement shall be determined by a court of competent jurisdiction to be illegal,
invalid or unenforceable for any reason, the remaining provisions of this Agreement shall remain enforceable and the invalid, illegal
or unenforceable provisions shall be modified so as to be valid and enforceable and shall be enforced as modified; provided, that no severance
shall be effective if it materially changes the economic benefit of this Agreement to either party. Upon such determination that any term
or other provision is invalid, illegal or incapable of being enforced, the parties shall negotiate, in good faith, a legal, valid and
enforceable substitute provision which most nearly effects, to the extent possible, the same economic, business or other purposes of the
invalid, illegal or unenforceable provision. If, moreover, any part of this Agreement is for any reason held too excessively broad as
to time, duration, geographic scope, activity, or subject, it is the intent of the parties that this Agreement shall be judicially modified
by limiting or reducing it so as to be enforceable to the extent compatible with the applicable law. Except as otherwise provided in this
Agreement, the existence of any claim or cause of action of Executive against the Company Group (or against any member, shareholder, director,
officer, or employee thereof), whether arising out of the Agreement or otherwise, shall not constitute a defense to: (i) the enforcement
by the Company Group of any of the restrictive covenants contemplated by this Agreement; or (ii) the Company Group’s entitlement
to remedies hereunder. Executive’s obligations under this Agreement are independent of any of the Company Group’s obligations
to the Executive.

 

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13.            Remedies
for Breach. Executive acknowledges and agrees that it would be difficult to measure the damages to the Company Group from any breach
or threatened breach by Executive of this Agreement, including but not limited to Sections 6, 7, 8, 9 or 10 hereof; that
injury to the Company Group from any such breach would be irreparable; and that money damages would therefore be an inadequate remedy
for any such breach. Accordingly, Executive agrees that if Executive breaches or threatens to breach any of the promises contained in
this Agreement, the Company Group shall, in addition to all other remedies it may have (including monetary remedies), be entitled to seek
an injunction and/or equitable relief, on a temporary or permanent basis, to restrain any such breach or threatened breach without showing
or proving any actual damage to the Company Group. Nothing herein shall be construed as a waiver of any right the Company Group may have
or hereafter acquire to pursue any other remedies available to it for such breach or threatened breach, including recovery of damages
from Executive.

 

14.            Attorneys’
Fees and Costs. In any action brought to enforce or otherwise interpret any provision of this Agreement, the prevailing party shall
be entitled to recover reasonable attorneys’ fees and costs from the non-prevailing party to the action or proceeding, including
through settlement, judgment and/or appeal.

 

15.            Assignment;
Third-Party Beneficiaries. The rights of the Company under this Agreement may, without the consent of Executive, be assigned by the
Company to (i) any person, firm, corporation, or other business entity which at any time, whether by purchase, merger, or otherwise,
directly or indirectly, acquires all or substantially all of the Company’s stock or assets, or (ii) any affiliate or future
affiliate of the Company, and such assignment by Company pursuant to this Section 15 shall automatically, and without any
further action required by the Parties, relieve the assignor Company (and discharge and release the assignor Company) from all obligations
and liabilities under or related to this Agreement (all such obligations and/or automatically liabilities assumed by the assignee Company).
This Agreement shall be binding upon and inure to the benefit of any successor or assigns of Company. Executive may not assign this Agreement
without the written consent of the Company. Executive agrees that each member of the Company Group is an express third-party beneficiary
of this Agreement, and this Agreement, including the restrictive covenants and other obligations set forth in Sections 6, 7, 8, 9,
and 10 hereof, are for each such member’s benefit. Executive expressly agrees and consents to the enforcement of this Agreement,
including but not limited to the restrictive covenants and other obligations in Sections 6, 7, 8, 9, and 10 hereof, by any
member of the Company Group as well as by the Company Group’s future affiliates, successors and/or assigns.

 

16.            Governing
Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Florida, without giving effect
to any choice of law or conflict of law provision or rule that would cause the application of the laws of any jurisdiction other
than the State of Florida.

 

17.            Jurisdiction;
Venue. The Parties hereto irrevocably and unconditionally submit to the exclusive jurisdiction of any state or federal court sitting
in Palm Beach County, Florida over any suit, action or proceeding arising out of or relating to this Agreement. Service of any process,
summons, notice or document by U.S. registered mail sent to the address of any Party for receipt of notices hereunder as provided in Section 24
hereof shall be effective service of process for any action, suit or proceeding brought against such Party in any such court. The Parties
hereto irrevocably and unconditionally waive any objection to the laying of venue of any such suit, action or proceeding brought in any
such court and any claim that any such suit, action or proceeding brought in any such court has been brought in an inconvenient forum.
A final judgment in any suit, action or proceeding brought in any such court shall be conclusive and binding upon the Parties and may
be enforced in any other courts to whose jurisdiction a Party is or may be subject, by suit upon such judgment.

 

18.            Mutual
Waiver of Jury Trial. EACH PARTY HERETO IRREVOCABLY WAIVES ANY AND ALL RIGHTS IT MAY HAVE TO DEMAND A TRIAL BY JURY FOR ANY
CAUSE OF ACTION, CLAIM, RIGHT, ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR IN ANY WAY RELATED TO THIS AGREEMENT OR THE RELATIONSHIP
OF THE PARTIES. THIS WAIVER EXTENDS TO ANY AND ALL RIGHTS TO DEMAND A TRIAL BY JURY ARISING FROM ANY SOURCE, INCLUDING BUT NOT LIMITED
TO THE CONSTITUTION OF THE UNITED STATES, THE CONSTITUTION OF ANY STATE, COMMON LAW OR ANY APPLICABLE STATUTE OR REGULATION. EACH PARTY
HEREBY ACKNOWLEDGES THAT IT IS KNOWINGLY AND VOLUNTARILY WAIVING THE RIGHT TO DEMAND TRIAL BY JURY.

 

19.            Waiver.
No waiver of any breach or other rights under this Agreement shall be deemed a waiver unless the acknowledgment of the waiver is in writing
executed by the Party committing the waiver. No waiver shall be deemed to be a waiver of any subsequent breach or rights. All rights are
cumulative under this Agreement. The failure or delay of the Company at any time or times to require performance of, or to exercise any
of its powers, rights or remedies with respect to any term or provision of this Agreement or any other aspect of Executive’s conduct
or employment in no manner (except as otherwise expressly provided herein) shall affect the Company’s right at a later time to enforce
any such term or provision.

 

    11

     

    

 

20.            Survival.
The provisions of this Agreement that by their nature survive termination of this Agreement, including but not limited to the rights and
obligations set forth in Section 4 and 6 through 19 of this Agreement, shall so survive the termination of this Agreement and the
termination of Executive’s employment with the Company regardless of the reason for termination, including upon expiration of the
Employment Term; shall continue in full force and effect in accordance with their terms; and shall continue to be binding on the parties.

 

21.            Independent
Advice. Executive acknowledges that the Company has provided Executive with a reasonable opportunity to obtain independent legal advice
with respect to this Agreement and, particularly, to understand and acknowledge the restrictions being placed on Executive pursuant to
Sections 6-18 of this Agreement, and that Executive has had such independent legal advice prior to executing this Agreement.

 

22.            Entire
Agreement. This Agreement constitutes the entire understanding of the Parties relating to the subject matter hereof and supersedes
all prior agreements, understandings, arrangements, promises and commitments, whether written or oral, express or implied, relating to
the subject matter hereof, and all such prior agreements, understandings, arrangements, promises and commitments are hereby canceled and
terminated. Neither Party is relying on any agreements, understandings, arrangements, promises, commitment, statements, or representations
except those expressly set forth herein.

 

23.            Amendment.
This Agreement may not be amended, supplemented or modified in whole or in part except by an instrument in writing signed by the Party
or Parties against whom enforcement of such amendment, supplement, or modification is sought.

 

24.            Notices.
Any notice, request or other document required or permitted to be given under this Agreement shall be in writing and shall be deemed given:
(a) upon delivery, if delivered by hand; (b) three business (3) days after the date of deposit in the mail, postage prepaid,
if mailed by certified U.S. mail; or (c) on the next business day, if sent by prepaid overnight courier service. If not personally
delivered by hand, notice shall be sent using the addresses set forth below or to such other address as either party may designate by
written notice to the other:

 

If to the Executive: at the
Executive’s most recent address on the records of the Company.

 

If to the Company, to:

 

JGMT, LLC 

301 Yamato Road, Suite 3250 

Boca Raton, FL 33431 

Attn: Chief Executive Officer

 

25.            Code
Section 409A Compliance. It is intended that the provisions of this Agreement are either exempt from or comply with the terms
and conditions of Code Section 409A, and to the extent that the requirements of Code Section 409A are applicable thereto, all
provisions of this Agreement shall be construed in a manner consistent with the requirements for avoiding taxes or penalties under Code
Section 409A. Notwithstanding the foregoing, the Company shall have no liability with regard to any failure to comply with Code Section 409A.
If under this Agreement, an amount is to be paid in two or more installments, for purposes of Code Section 409A, each installment
shall be treated as a separate payment. Notwithstanding anything herein to the contrary or otherwise, except to the extent any expense,
reimbursement or in-kind benefit provided pursuant to this Section 25 does not constitute a “deferral of compensation”
within the meaning of Code Section 409A and the regulations and other guidance thereunder: (i) the amount of expenses eligible
for reimbursement or in-kind benefits provided to Executive during any calendar year will not affect the amount of expenses eligible for
reimbursement or in-kind benefits provided to Executive in any other calendar year; (ii) the reimbursements for expenses for which
Executive is entitled to be reimbursed shall be made on or before the last day of the calendar year following the calendar year in which
the applicable expense is incurred; and (iii) the right to payment or reimbursement or in-kind benefits hereunder may not be liquidated
or exchanged for any other benefit.

 

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26.            Excess
Parachute Excise Tax. Anything in this Agreement to the contrary notwithstanding, in the event it shall be determined that any payment,
award, benefit or distribution (including any acceleration) by the Company or any member of the Company Group or any entity which effectuates
a transaction described in Section 280G(b)(2)(A)(i) of the Code to or for the benefit of the Executive (whether pursuant to
the terms of this Agreement or otherwise, but determined before application of any reductions required pursuant to this Section 26)
(a “Payment”) would be subject to the excise tax imposed by Section 4999 of the Code or any interest or penalties are
incurred with respect to such excise tax by the Executive (such excise tax, together with any such interest and penalties, are hereinafter
collectively referred to as the “Excise Tax”), the Company will automatically reduce such Payments to the extent, but
only to the extent, necessary so that no portion of the remaining Payments will be subject to the Excise Tax, unless the amount of such
Payments that the Executive would retain after payment of the Excise Tax and all applicable Federal, state and local income taxes without
such reduction would exceed the amount of such Payments that the Executive would retain after payment of all applicable Federal, state
and local taxes after applying such reduction. Unless otherwise elected by the Executive, to the extent permitted under Code Section 409A,
such reduction shall first be applied to any severance payments payable to the Executive under this Agreement, then to the accelerated
vesting on any equity-based compensation awards, starting with stock options and stock appreciation rights reversing accelerated vesting
of those options and stock appreciation rights with the smallest spread between fair market value and exercise price first and after reversing
the accelerated vesting of all stock options and stock appreciation rights, thereafter reversing accelerated vesting of restricted stock,
restricted stock units, performance shares, performance units or other similar equity awards on a pro rata basis.

 

All determinations required
to be made under this Section 26, including the assumptions to be utilized in arriving at such determination, shall be made
by the Company’s independent auditors or such other certified public accounting firm of national standing reasonably acceptable
to the Executive as may be designated by the Company (the “Accounting Firm”) which shall provide detailed supporting
calculations both to the Company and the Executive within 15 business days of the receipt of notice from the Executive that there has
been a Payment, or such earlier time as is requested by either the Company or the Executive. All fees and expenses of the Accounting Firm
shall be borne solely by the Company. If the Accounting Firm determines that no Excise Tax is payable by the Executive, it shall furnish
the Executive with a written opinion to such effect. Any determination by the Accounting Firm shall be binding upon the Company and the
Executive.

 

27.            Counterparts;
Electronic Transmission; Headings. This Agreement may be executed in counterparts, each of which shall be deemed an original, including
an electronic copy or facsimile, but both of which taken together shall constitute one and the same instrument. The headings used herein
are for ease of reference only and shall not define or limit the provisions hereof.

 

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

 

	 	COMPANY: 
	 	 	 
	 	JGMT, LLC 
	 	 	 
	 	By: 	 
	 	 	 
	 	Print Name: 	 
	 	 	 
	 	Title: 	 

 

	 	EXECUTIVE:
	 	 
	 	/s/ Ed Kremer 
	 	Ed Kremer 
	 	 
	 	Address: 
	 	 
	 	 
	 	 

 

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Appendix A 

Pre-Approved
Project

 

Schedule and exhibits to this Exhibit omitted pursuant to Regulation
S-K Item 601(b)(10)(iv). Jushi Holdings Inc. agrees to furnish supplementally a copy of any omitted schedule or exhibit to the SEC upon
request.

 

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Appendix B 

PROPRIETARY RIGHTS AGREEMENT

 

Schedule and exhibits to this Exhibit omitted pursuant to Regulation
S-K Item 601(b)(10)(iv). Jushi Holdings Inc. agrees to furnish supplementally a copy of any omitted schedule or exhibit to the SEC upon
request.

 

 

    15Document

Exhibit 10.1

CROSS GUARANTEE AGREEMENT
This CROSS GUARANTEE AGREEMENT is dated as of November 26, 2014 (as amended, restated, supplemented or otherwise modified from time to time, this “Agreement”), by each of the signatories listed on the signature pages hereto and each of the other entities that becomes a party hereto pursuant to Section 19 (the “Guarantors” and individually, a “Guarantor”), for the benefit of the Guaranteed Parties (as defined below).
W I T N E S S E T H:
WHEREAS, Kinder Morgan, Inc., a Delaware corporation (“KMI”), and certain of its direct and indirect Subsidiaries have outstanding senior, unsecured Indebtedness and may from time to time issue additional senior, unsecured Indebtedness;
WHEREAS, each Guarantor, other than KMI, is a direct or indirect Subsidiary of KMI;
WHEREAS, each Guarantor desires to provide the guarantee set forth herein with respect to the Indebtedness of such Guarantors that constitutes the Guaranteed Obligations; and
WHEREAS, each Guarantor acknowledges that it will derive substantial direct and indirect benefit from the making of the guarantees hereby; 
NOW, THEREFORE, in consideration of the premises, the Guarantors hereby agree with each other for the benefit of the Guaranteed Parties as follows:
1.Defined Terms.
(a)    As used in this Agreement, the following terms have the meanings specified below:
“Agreement” has the meaning provided in the preamble hereto.
“Bankruptcy Code” means Title 11 of the United States Code, as now or hereafter in effect, or any successor thereto.
“Capital Stock” means, with respect to any Person, any and all shares, interests, rights to purchase, warrants, options, participations or other equivalents (however designated) of such Person’s equity, including (i) all common stock and preferred stock, any limited or general partnership interest and any limited liability company member interest, (ii) beneficial interests in trusts, and (iii) any other interest or participation that confers upon a Person the right to receive a share of the profits and losses of, or distribution of assets of, the issuing Person.
“CFC” means a Person that is a “controlled foreign corporation” within the meaning of Section 957 of the Internal Revenue Code of 1986, as amended.
“Commodity Exchange Act” means the Commodity Exchange Act (7 U.S.C. § 1 et seq.), as amended from time to time, and any successor statute.

Exhibit 10.1

“Consolidated Assets” means, at the date of any determination thereof, the total assets of KMI and its Subsidiaries as set forth on a consolidated balance sheet of KMI and its Subsidiaries for their most recently completed fiscal quarter, prepared in accordance with GAAP.
“Consolidated Tangible Assets” means, at the date of any determination thereof, Consolidated Assets after deducting therefrom the value, net of any applicable reserves and accumulated amortization, of all goodwill, trade names, trademarks, patents and other like intangible assets, all as set forth, or on a pro forma basis would be set forth, on a consolidated balance sheet of KMI and its Subsidiaries for their most recently completed fiscal quarter, prepared in accordance with GAAP.
“Domestic Subsidiary” means any Subsidiary of KMI organized under the laws of any jurisdiction within the United States.
“Excluded Subsidiary” means (i) any Subsidiary that is not a Wholly-owned Domestic Operating Subsidiary, (ii) any Domestic Subsidiary that is a Subsidiary of a CFC or any Domestic Subsidiary (including a disregarded entity for U.S. federal income tax purposes) substantially all of whose assets (held directly or through Subsidiaries) consist of Capital Stock of one or more CFCs or Indebtedness of such CFCs, (iii) any Immaterial Subsidiary, (iv) any Subsidiary listed on Schedule III, (v) each of Calnev Pipe Line LLC, SFPP, L.P., Kinder Morgan G.P., Inc. and EPEC Realty, Inc. and each of its Subsidiaries, (vi) any other Subsidiary that is not a Guarantor under the Revolving Credit Agreement Guarantee, (vii) any not-for-profit Subsidiary, (viii) any Subsidiary that is prohibited by a Requirement of Law from guaranteeing the Guaranteed Obligations, and (ix) any Subsidiary acquired by KMI or its Subsidiaries after the date of this Agreement to the extent, and so long as, the financing documentation governing any existing Indebtedness of such Subsidiary that survives such acquisition prohibits such Subsidiary from guaranteeing the Guaranteed Obligations; provided, that notwithstanding the foregoing, any Subsidiary that is party to the Revolving Credit Agreement Guarantee or that Guarantees any senior notes or senior debt securities issued by KMI (other than pursuant to this Agreement) shall not constitute an Excluded Subsidiary for so long as such Guarantee is in effect.
“Excluded Swap Obligation” means, with respect to any Guarantor, any Swap Obligation if, and to the extent that, all or a portion of the Guarantee of such Guarantor of such Swap Obligation (or any Guarantee thereof) is or becomes illegal under the Commodity Exchange Act or any rule, regulation or order of the Commodity Futures Trading Commission (or the application or official interpretation of any thereof) by virtue of such Guarantor’s failure for any reason to constitute an “eligible contract participant” as defined in the Commodity Exchange Act and the regulations thereunder at the time the Guarantee of such Guarantor becomes effective with respect to such Swap Obligation. If a Swap Obligation arises under a master agreement governing more than one swap, such exclusion shall apply only to the portion of such Swap Obligation that is attributable to swaps for which such Guarantee is or becomes illegal.
“GAAP” means generally accepted accounting principles in the United States of America from time to time, including as set forth in the opinions, statements and pronouncements of the Accounting Principles Board of the American Institute of Certified Public Accountants and the Financial Accounting Standards Board.
“Governmental Authority” means the government of the United States of America or any other nation, or of any political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government (including any supra national bodies such as the European Union or the European Central Bank).
2

Exhibit 10.1

“Guarantee” of or by any Person (the “guarantor”) means any obligation, contingent or otherwise, of the guarantor guaranteeing or having the economic effect of guaranteeing any Indebtedness or other obligation of any other Person (the “primary obligor”) in any manner, whether directly or indirectly, and including any obligation of the guarantor, direct or indirect, (i) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other obligation or to purchase (or to advance or supply funds for the purchase of) any security for the payment thereof, (ii) to purchase or lease property, securities or services for the purpose of assuring the owner of such Indebtedness or other obligation of the payment thereof, (iii) to maintain working capital, equity capital or any other financial statement condition or liquidity of the primary obligor so as to enable the primary obligor to pay such Indebtedness or other obligation or (iv) as an account party in respect of any letter of credit or letter of guaranty issued to support such Indebtedness or obligation; provided that the term Guarantee shall not include endorsements for collection or deposit in the ordinary course of business.
“Guarantee Termination Date” has the meaning set forth in Section 2(d). 
“Guaranteed Obligations” means the Indebtedness set forth on Schedule I hereto, as such schedule may be amended from time to time in accordance with the terms of this Agreement; provided that the term “Guaranteed Obligations” shall exclude any Excluded Swap Obligations.
“Guaranteed Parties” means, collectively, (i) in the case of Guaranteed Obligations that are governed by trust indentures, the holders (as that term is defined in the applicable trust indenture) of such Guaranteed Obligations, (ii) in the case of Guaranteed Obligations that are governed by loan agreements, credit agreements, or similar agreements, the lenders providing such loans or credit, and (iii) in the case of Guaranteed Obligations with respect to Hedging Agreements, the counterparties under such agreements.
“Guarantor” has the meaning provided in the preamble hereto.  Schedule II hereto, as such schedule may be amended from time to time in accordance with the terms of this Agreement, sets forth the name of each Guarantor.
“Hedging Agreement” means a financial instrument, agreement or security which hedges or is used to hedge or manage the risk associated with a change in interest rates, foreign currency exchange rates or commodity prices (but excluding any purchase, swap, derivative contract or similar agreement relating to power, electricity or any related commodity product).
“Immaterial Subsidiary” means any Subsidiary that is not a Material Subsidiary.
“Indebtedness” means, collectively, (i) any senior, unsecured obligation created or assumed by any Person for borrowed money, including all obligations of such Person evidenced by bonds, debentures, notes or similar instruments (other than surety, performance and guaranty bonds), and (ii) all payment obligations of any Person with respect to obligations under Hedging Agreements.
“Investment Grade Rating” means a rating equal to or higher than Baa3 by Moody’s and BBB- by S&P; provided, however, that if (i) either of Moody’s or S&P changes its rating system, such ratings shall be the equivalent ratings after such changes or (ii) Moody’s or S&P shall not make a rating of a Guaranteed Obligation publicly available, the references above to Moody’s or S&P or both of them, as the case may be, shall be to a nationally recognized U.S. rating agency or agencies, as the case may be, selected by KMI and the references to the ratings categories above shall be to the corresponding rating categories of such rating agency or rating agencies, as the case may be.
“Issuer” means the issuer, borrower, or other applicable primary obligor of a Guaranteed Obligation.
3

Exhibit 10.1

“KMI” has the meaning provided in the recitals hereto.
“Lien” means, with respect to any asset (i) any mortgage, deed of trust, lien, pledge, hypothecation, encumbrance, charge or security interest in, on or of such asset, and (ii) the interest of a vendor or a lessor under any conditional sale agreement, capital lease or title retention agreement (or any financing lease having substantially the same economic effect as any of the foregoing) relating to such asset.
“Material Subsidiary” means, as at any date of determination, any Subsidiary of KMI whose total tangible assets (for purposes of the below, when combined with the tangible assets of such Subsidiary’s Subsidiaries, after eliminating intercompany obligations) as at such date of determination are greater than or equal to 5% of Consolidated Tangible Assets as of the last day of the fiscal quarter most recently ended for which financial statements of KMI have been filed with the SEC.
“Moody’s” means Moody’s Investors Service, Inc. and its successors.
“Operating Subsidiary” means any operating company that is a Subsidiary of KMI.
“Person” means any natural person, corporation, limited liability company, trust, joint venture, association, company, partnership, Governmental Authority or other entity.
“Qualified ECP Guarantor” means, in respect of any Swap Obligation, each Guarantor that has total assets exceeding $10,000,000 at the time the relevant Guarantee becomes effective with respect to such Swap Obligation or such other person as constitutes an “eligible contract participant” under the Commodity Exchange Act or any regulations promulgated thereunder and can cause another person to qualify as an “eligible contract participant” at such time by entering into a keepwell under Section 1a(18)(A)(v)(II) of the Commodity Exchange Act.    
“Rating Agencies” means Moody’s and S&P; provided that, if at the relevant time neither Moody’s nor S&P shall be rating the relevant Guaranteed Obligation, then “Rating Agencies” shall mean another nationally recognized rating service that rates such Guaranteed Obligation.
“Rating Date” means the date immediately prior to the earlier of (i) the occurrence of a Release Event and (ii) public notice of the intention to effect a Release Event.
“Rating Decline” means, with respect to a Guaranteed Obligation, the occurrence of the following on, or within 90 days after, the date of the occurrence of a Release Event or of public notice of the intention to effect a Release Event (which period may be extended so long as the rating of such Guaranteed Obligation is under publicly announced consideration for possible downgrade by either of the Rating Agencies): (i) in the event such Guaranteed Obligation is assigned an Investment Grade Rating by both Rating Agencies on the Rating Date, the rating of such Guaranteed Obligation by one or both of the Rating Agencies shall be below an Investment Grade Rating; or (ii) in the event such Guaranteed Obligation is rated below an Investment Grade Rating by either of the Rating Agencies on the Rating Date, any such below-Investment Grade Rating of such Guaranteed Obligation shall be decreased by one or more gradations (including gradations within rating categories as well as between rating categories).
“Release Event” has the meaning set forth in Section 6(b).
“Requirement of Law” means any law, statute, code, ordinance, order, determination, rule, regulation, judgment, decree, injunction, franchise, permit, certificate, license, authorization or other

4

Exhibit 10.1

directive or requirement (whether or not having the force of law), including environmental laws, energy regulations and occupational, safety and health standards or controls, of any Governmental Authority.
Revolving Credit Agreement” means the Revolving Credit Agreement, dated as of September 19, 2014, among KMI, the lenders party thereto and Barclays Bank PLC, as administrative agent, as such credit agreement may be amended, modified, supplemented or restated from time to time, or refunded, refinanced, restructured, replaced, renewed, repaid or extended from time to time (whether with the original agents and lenders or other agents or lenders or trustee or otherwise, and whether provided under the original credit agreement or other credit agreements or note indentures or otherwise), including, without limitation, increasing the amount of available borrowings or other Indebtedness thereunder.
“Revolving Credit Agreement Guarantee” means the Guarantee Agreement, dated as of November 26, 2014, made by the Subsidiaries of KMI party thereto in favor of Barclays Bank PLC, as administrative agent, for the benefit of the lenders and the issuing banks under the Revolving Credit Agreement, as such guarantee agreement may be amended, modified, supplemented or restated from time to time, and as it may be replaced or renewed from time to time in connection with any amendment, modification, supplement, restatement, refunding, refinancing, restructuring, replacement, renewal, repayment, or extension of any Revolving Credit Agreement from time to time.
“S&P” means Standard & Poor’s Rating Services, a division of The McGraw-Hill Companies, Inc., and its successors.
“SEC” means the United States Securities and Exchange Commission.
“Subsidiary” means, with respect to any Person (the “parent”) at any date, any corporation, limited liability company, partnership, association or other entity the accounts of which would be consolidated with those of the parent in the parent’s consolidated financial statements if such financial statements were prepared in accordance with GAAP as of such date, as well as any other corporation, limited liability company, partnership, association or other entity (a) of which securities or other ownership interests representing more than 50% of the equity or more than 50% of the ordinary voting power or, in the case of a partnership, more than 50% of the general partner interests are, as of such date, owned, controlled or held, or (b) that is, as of such date, otherwise controlled, by the parent or one or more Subsidiaries of the parent or by the parent and one or more Subsidiaries of the parent. Unless the context otherwise clearly requires, references in this Agreement to a “Subsidiary” or the “Subsidiaries” refer to a Subsidiary or the Subsidiaries of KMI. Notwithstanding the foregoing, Plantation Pipe Line Company, a Delaware and Virginia corporation, shall not be a Subsidiary of KMI until such time as its assets and liabilities, profit or loss and cash flow are required under GAAP to be consolidated with those of KMI.
“Swap Obligation” means, with respect to any Guarantor, any obligation to pay or perform under any agreement, contract or transaction that constitutes a “swap” within the meaning of Section 1a(47) of the Commodity Exchange Act.
“Wholly-owned Domestic Operating Subsidiary” means any Wholly-owned Subsidiary that constitutes (i) a Domestic Subsidiary and (ii) an Operating Subsidiary.
“Wholly-owned Subsidiary” means a Subsidiary of which all issued and outstanding Capital Stock (excluding in the case of a corporation, directors’ qualifying shares) is directly or indirectly owned by KMI.
5

Exhibit 10.1

(b)    The words “hereof”, “herein” and “hereunder” and words of similar import when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement, and Section references are to Sections of this Agreement unless otherwise specified.  The words “include”, “includes” and “including” shall be deemed to be followed by the phrase “without limitation”.
(c)    The meanings given to terms defined herein shall be equally applicable to both the singular and plural forms of such terms.
2.    Guarantee.
(a)    Subject to the provisions of Section 2(b), each of the Guarantors hereby, jointly and severally, unconditionally and irrevocably, guarantees, as primary obligor and not merely as surety, for the benefit of the Guaranteed Parties, the prompt and complete payment when due (whether at the stated maturity, by acceleration or otherwise) of the Guaranteed Obligations; provided that each Guarantor shall be released from its respective guarantee obligations under this Agreement as provided in Section 6(b).  Upon the failure of an Issuer to punctually pay any Guaranteed Obligation, each Guarantor shall, upon written demand by the applicable Guaranteed Party to such Guarantor, pay or cause to be paid such amounts.
(b)    Anything herein to the contrary notwithstanding, the maximum liability of each Guarantor hereunder shall in no event exceed the amount that can be guaranteed by such Guarantor under the Bankruptcy Code or any applicable laws relating to fraudulent conveyances, fraudulent transfers or the insolvency of debtors after giving full effect to the liability under this Agreement and its related contribution rights set forth in this Section 2, but before taking into account any liabilities under any other Guarantees.
(c)    Each Guarantor agrees that the Guaranteed Obligations may at any time and from time to time exceed the amount of the liability of such Guarantor hereunder (as a result of the limitations set forth in Section 2(b) or elsewhere in this Agreement) without impairing this Agreement or affecting the rights and remedies of any Guaranteed Party hereunder.
(d)    No payment or payments made by any Issuer, any of the Guarantors, any other guarantor or any other Person or received or collected by any Guaranteed Party from any Issuer, any of the Guarantors, any other guarantor or any other Person by virtue of any action or proceeding or any set-off or appropriation or application at any time or from time to time in reduction of or in payment of any Guaranteed Obligation shall be deemed to modify, reduce, release or otherwise affect the liability of any Guarantor hereunder, which shall, notwithstanding any such payment or payments, other than payments made by such Guarantor in respect of such Guaranteed Obligation or payments received or collected from such Guarantor in respect of such Guaranteed Obligation, remain liable for the Guaranteed Obligations up to the maximum liability of such Guarantor hereunder until all Guaranteed Obligations (other than any contingent indemnity obligations not then due and any letters of credit that remain outstanding which have been fully cash collateralized or otherwise back-stopped to the reasonable satisfaction of the applicable issuing bank) shall have been discharged by payment in full or shall have been deemed paid and discharged by defeasance pursuant to the terms of the instruments governing such Guaranteed Obligations (the “Guarantee Termination Date”).
(e)    If and to the extent required in order for the obligations of any Guarantor hereunder to be enforceable under applicable federal, state and other laws relating to the insolvency of debtors, the maximum liability of such Guarantor hereunder shall be limited to the greatest amount which can lawfully be guaranteed by such Guarantor under such laws, after giving effect to any rights of 
6

Exhibit 10.1

contribution, reimbursement and subrogation arising hereunder. Each Guarantor acknowledges and agrees that, to the extent not prohibited by applicable law, (i) such Guarantor (as opposed to its creditors, representatives of creditors or bankruptcy trustee, including such Guarantor in its capacity as debtor in possession exercising any powers of a bankruptcy trustee) has no personal right under such laws to reduce, or request any judicial relief that has the effect of reducing, the amount of its liability under this Agreement, (ii) such Guarantor (as opposed to its creditors, representatives of creditors or bankruptcy trustee, including such Guarantor in its capacity as debtor in possession exercising any powers of a bankruptcy trustee) has no personal right to enforce the limitation set forth in this Section 2(e) or to reduce, or request judicial relief reducing, the amount of its liability under this Agreement, and (iii) the limitation set forth in this Section 2(e) may be enforced only to the extent required under such laws in order for the obligations of such Guarantor under this Agreement to be enforceable under such laws and only by or for the benefit of a creditor, representative of creditors or bankruptcy trustee of such Guarantor or other Person entitled, under such laws, to enforce the provisions hereof.
3.    Right of Contribution.  Each Guarantor hereby agrees that to the extent that a Guarantor shall have paid more than its proportionate share of any payment made hereunder (including by way of set-off rights being exercised against it), such Guarantor shall be entitled to seek and receive contribution from and against any other Guarantor hereunder who has not paid its proportionate share of such payment as set forth in this Section 3.  To the extent that any Guarantor shall be required hereunder to pay any portion of any Guaranteed Obligation guaranteed hereunder exceeding the greater of (a) the amount of the value actually received by such Guarantor and its Subsidiaries from such Guaranteed Obligation and (b) the amount such Guarantor would otherwise have paid if such Guarantor had paid the aggregate amount of such Guaranteed Obligation guaranteed hereunder (excluding the amount thereof repaid by the Issuer of such Guaranteed Obligation) in the same proportion as such Guarantor’s net worth on the date enforcement is sought hereunder bears to the aggregate net worth of all the Guarantors on such date, then such Guarantor shall be reimbursed by such other Guarantors for the amount of such excess, pro rata, based on the respective net worth of such other Guarantors on such date; provided that any Guarantor’s right of reimbursement shall be subject to the terms and conditions of Section 5 hereof.  For purposes of determining the net worth of any Guarantor in connection with the foregoing, all Guarantees of such Guarantor other than pursuant to this Agreement will be deemed to be enforceable and payable after its obligations pursuant to this Agreement.  The provisions of this Section 3 shall in no respect limit the obligations and liabilities of any Guarantor to the Guaranteed Parties, and each Guarantor shall remain liable to the Guaranteed Parties for the full amount guaranteed by such Guarantor hereunder.
4.    No Right of Set-off.  No Guaranteed Party shall have, as a result of this Agreement, any right of set-off against any amount owing by such Guaranteed Party to or for the credit or the account of a Guarantor.
5.    No Subrogation.  Notwithstanding any payment or payments made by any of the Guarantors hereunder, no Guarantor shall be entitled to be subrogated to any of the rights (or if subrogated by operation of law, such Guarantor hereby waives such rights to the extent permitted by applicable law) of any Guaranteed Party against any Issuer or any other Guarantor or any collateral security or guarantee or right of offset held by any Guaranteed Party for the payment of any Guaranteed Obligation, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from any Issuer or any other Guarantor in respect of payments made by such Guarantor hereunder, until the Guarantee Termination Date.  If any amount shall be paid to any Guarantor on account of such subrogation, contribution or reimbursement rights at any time prior to the Guarantee Termination Date, such amount shall be held by such Guarantor in trust for the applicable Guaranteed Parties, segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over to the applicable Guaranteed Parties in the exact form received by such Guarantor (duly indorsed by such 
7

Exhibit 10.1

Guarantor to the applicable Guaranteed Parties if required), to be applied against the applicable Guaranteed Obligation, whether due or to become due.
6.    Amendments, etc. with Respect to the Guaranteed Obligations; Waiver of Rights; Release.
(a)    Each Guarantor shall remain obligated hereunder notwithstanding that, without any reservation of rights against any Guarantor and without notice to or further assent by any Guarantor, (i) any demand for payment of any Guaranteed Obligation made by any Guaranteed Party may be rescinded by such party and any Guaranteed Obligation continued, (ii) a Guaranteed Obligation, or the liability of any other party upon or for any part thereof, or any collateral security or guarantee therefor or right of offset with respect thereto, may, from time to time, in whole or in part, be renewed, extended, amended, modified, accelerated, compromised, waived, allowed to lapse, surrendered or released by any Guaranteed Party, (iii) the instruments governing any Guaranteed Obligation may be amended, modified, supplemented or terminated, in whole or in part, and (iv) any collateral security, guarantee or right of offset at any time held by any Guaranteed Party for the payment of any Guaranteed Obligation may be sold, exchanged, waived, allowed to lapse, surrendered or released.  No Guaranteed Party shall have any obligation to protect, secure, perfect or insure any Lien at any time held by it as security for the Guaranteed Obligations or for this Agreement or any property subject thereto.  When making any demand hereunder against any Guarantor, a Guaranteed Party may, but shall be under no obligation to, make a similar demand on the Issuer of the applicable Guaranteed Obligation or any other Guarantor or any other person, and any failure by a Guaranteed Party to make any such demand or to collect any payments from such Issuer or any other Guarantor or any other person or any release of such Issuer or any other Guarantor or any other person shall not relieve any Guarantor in respect of which a demand or collection is not made or any Guarantor not so released of its several obligations or liabilities hereunder, and shall not impair or affect the rights and remedies, express or implied, or as a matter of law, of any Guaranteed Party against any Guarantor.  For the purposes hereof “demand” shall include the commencement and continuance of any legal proceedings.
(b)    A Guarantor shall be automatically released from its guarantee hereunder upon release of such Guarantor from the Revolving Credit Agreement Guarantee, including upon consummation of any transaction resulting in such Guarantor ceasing to constitute a Subsidiary or upon any Guarantor becoming an Excluded Subsidiary (such transaction or event, a “Release Event”).  
(c)    Upon the occurrence of a Release Event, each Guaranteed Obligation for which such released Guarantor was the Issuer shall be automatically released from the provisions of this Agreement and shall cease to constitute a Guaranteed Obligation hereunder; provided that in the case of any Guaranteed Obligation that has been assigned an Investment Grade Rating by the Rating Agencies, such Guaranteed Obligation shall be so released, effective as of the 91st day after the occurrence of the Release Event, if and only if a Rating Decline with respect to such Guaranteed Obligation does not occur. 
7.    Guarantee Absolute and Unconditional.
(a)    Each Guarantor waives any and all notice of the creation, contraction, incurrence, renewal, extension, amendment, waiver or accrual of any of the Guaranteed Obligations, and notice of or proof of reliance by any Guaranteed Party upon this Agreement or acceptance of this Agreement.  To the fullest extent permitted by applicable law, each Guarantor waives diligence, promptness, presentment, protest and notice of protest, demand for payment or performance, notice of default or nonpayment, notice of acceptance and any other notice in respect of the Guaranteed Obligations or any part of them, and any defense arising by reason of any disability or other defense of any Issuer or any of the Guarantors with respect to the Guaranteed Obligations.  Each Guarantor understands and agrees that this Agreement
8

Exhibit 10.1

shall be construed as a continuing, absolute and unconditional guarantee of payment without regard to (i) the validity, regularity or enforceability of any of the Guaranteed Obligations, the indenture, loan agreement, note or other instrument evidencing or governing any of the Guaranteed Obligations or any collateral security therefor or guarantee or right of offset with respect thereto at any time or from time to time held by any Guaranteed Party, (ii) any defense, set-off or counterclaim (other than a defense of payment or performance) that may at any time be available to or be asserted by any Issuer against any Guaranteed Party or (iii) any other circumstance whatsoever (with or without notice to or knowledge of any Issuer or such Guarantor) that constitutes, or might be construed to constitute, an equitable or legal discharge of any Issuer for any of the Guaranteed Obligations, or of such Guarantor under this Agreement, in bankruptcy or in any other instance.  When pursuing its rights and remedies hereunder against any Guarantor, any Guaranteed Party may, but shall be under no obligation to, pursue such rights and remedies as it may have against the Issuer or any other Person or against any collateral security or guarantee for the Guaranteed Obligations or any right of offset with respect thereto, and any failure by any Guaranteed Party to pursue such other rights or remedies or to collect any payments from the Issuer or any such other Person or to realize upon any such collateral security or guarantee or to exercise any such right of offset, or any release of the Issuer or any such other Person or any such collateral security, guarantee or right of offset, shall not relieve such Guarantor of any liability hereunder, and shall not impair or affect the rights and remedies, whether express, implied or available as a matter of law, of the other Guaranteed Parties against such Guarantor.
(b)    This Agreement shall remain in full force and effect and be binding in accordance with and to the extent of its terms upon each Guarantor and the successors and assigns thereof and shall inure to the benefit of the Guaranteed Parties and their respective successors, indorsees, transferees and assigns until the Guarantee Termination Date.
8.    Reinstatement.  This Agreement shall continue to be effective, or be reinstated, as the case may be, if at any time payment, or any part thereof, of any of the Guaranteed Obligations is rescinded or must otherwise be restored or returned by any Guaranteed Party upon the insolvency, bankruptcy, dissolution, liquidation or reorganization of any Issuer or any Guarantor, or upon or as a result of the appointment of a receiver, intervenor or conservator of, or trustee or similar officer for, any Issuer or any Guarantor or any substantial part of its property, or otherwise, all as though such payments had not been made.
9.    Payments.  Each Guarantor hereby guarantees that payments hereunder will be paid to the applicable Guaranteed Parties without set-off or counterclaim in dollars.
10.    Representations and Warranties.  Each Guarantor hereby represents and warrants to each Guaranteed Party that the following representations and warranties are true and correct in all material respects as of the date of this Agreement or as of the date such Guarantor became a party to this Agreement, as applicable:
(a)    such Guarantor (i) is a corporation, partnership or limited liability company duly organized or formed, validly existing and in good standing under the laws of the state of its incorporation, organization or formation, (ii) has all requisite corporate, partnership, limited liability company or other power and all material governmental licenses, authorizations, consents and approvals required to carry on its business as now conducted and (iii) is duly qualified to do business and is in good standing in every jurisdiction in which the failure to be so qualified would have a material adverse effect on its ability to perform its obligations under this Agreement;
9

Exhibit 10.1

(b)    such Guarantor has all requisite corporate (or other organizational) power and authority to execute and deliver and to perform its obligations under this Agreement, and all such actions have been duly authorized by all necessary proceedings on its behalf; 
(c)    this Agreement has been duly and validly executed and delivered by or on behalf of such Guarantor and constitutes the valid and legally binding agreement of such Guarantor, enforceable against such Guarantor in accordance with its terms, except (i) as may be limited by bankruptcy, insolvency, reorganization, moratorium, fraudulent transfer, fraudulent conveyance or other similar laws relating to or affecting the enforcement of creditors’ rights generally, and by general principles of equity (including principles of good faith, reasonableness, materiality and fair dealing) which may, among other things, limit the right to obtain equitable remedies (regardless of whether considered in a proceeding in equity or at law) and (ii) as to the enforceability of provisions for indemnification for violation of applicable securities laws, limitations thereon arising as a matter of law or public policy;
(d)    no authorization, consent, approval, license or exemption of or registration, declaration or filing with any Governmental Authority is necessary for the valid execution and delivery of, or the performance by such Guarantor of its obligations hereunder, except those that have been obtained and such matters relating to performance as would ordinarily be done in the ordinary course of business after the date of this Agreement or as of the date such Guarantor became a party to this Agreement, as applicable; and
(e)    neither the execution and delivery of, nor the performance by such Guarantor of its obligations under, this Agreement will (i) breach or violate any applicable Requirement of Law, (ii) result in any breach or violation of any of the terms, covenants, conditions or provisions of, or constitute a default under, or result in the creation or imposition of (or the obligation to create or impose) any Lien upon any of its property or assets (other than Liens created or contemplated by this Agreement) pursuant to the terms of, any indenture, mortgage, deed of trust, agreement or other instrument to which it or any of its Subsidiaries is party or by which any of its properties or assets, or those of any of its Subsidiaries is bound or to which it is subject, except for breaches, violations and defaults under clauses (i) and (ii) that neither individually nor in the aggregate could reasonably be expected to result in a material adverse effect on its ability to perform its obligations under this Agreement, or (iii) violate any provision of the organizational documents of such Guarantor.
11.    Rights of Guaranteed Parties.  Each Guarantor acknowledges and agrees that any changes in the identity of the Persons from time to time comprising the Guaranteed Parties gives rise to an equivalent change in the Guaranteed Parties, without any further act.  Upon such an occurrence, the persons then comprising the Guaranteed Parties are vested with the rights, remedies and discretions of the Guaranteed Parties under this Agreement.
12.    Notices.
(a)    All notices, requests, demands and other communications to any Guarantor pursuant hereto shall be in writing and mailed, telecopied or delivered to such Guarantor in care of KMI, 1001 Louisiana Street, Suite 1000, Houston, Texas 77002, Attention: Treasurer, Telecopy: (713) 445-8302.
(b)    KMI will provide a copy of this Agreement, including the most recently amended schedules and supplements hereto, to any Guaranteed Party upon written request to the address set forth in Section 12(a); provided, however, that KMI’s obligations under this Section 12(b) shall be deemed satisfied if KMI has filed a copy of this Agreement, including the most recently amended schedules and
10

Exhibit 10.1

supplements hereto, with the SEC within three months preceding the date on which KMI receives such written request.
13.    Counterparts.  This Agreement may be executed by one or more of the parties to this Agreement on any number of separate counterparts (including by facsimile or other electronic transmission), and all of said counterparts taken together shall be deemed to constitute one and the same instrument.  A set of the copies of this Agreement signed by all the parties shall be lodged with KMI.
14.    Severability.  Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.  The parties hereto shall endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions.
15.    Integration.  This Agreement represents the agreement of each Guarantor with respect to the subject matter hereof, and there are no promises, undertakings, representations or warranties by any Guaranteed Party relative to the subject matter hereof not expressly set forth or referred to herein.
16.    Amendments; No Waiver; Cumulative Remedies.
(a)    None of the terms or provisions of this Agreement may be waived, amended, supplemented or otherwise modified except by a written instrument executed by the affected Guarantors and KMI.
(b)    The Guarantors may amend or supplement this Agreement by a written instrument executed by all Guarantors:
(i)             to cure any ambiguity, defect or inconsistency;
(ii)            to reflect a change in the Guarantors or the Guaranteed Obligations made in accordance with this Agreement;
(iii)            to make any change that would provide any additional rights or benefits to the Guaranteed Parties or that would not adversely affect the legal rights hereunder of any Guaranteed Party in any material respect; or
(iv)            to conform this Agreement to any change made to the Revolving Credit Agreement or to the Revolving Credit Agreement Guarantee.
Except as set forth in this clause (b) or otherwise provided herein, the Guarantors may not amend, supplement or otherwise modify this Agreement prior to the Guarantee Termination Date without the prior written consent of the holders of the majority of the outstanding principal amount of the Guaranteed Obligations (excluding obligations with respect to Hedging Agreements).  Notwithstanding the foregoing, in the case of an amendment that would reasonably be expected to adversely, materially and disproportionately affect Guaranteed Parties with Guaranteed Obligations existing under Hedging Agreements relative to the other Guaranteed Parties, the foregoing exclusion of obligations with respect to Hedging Agreements shall not apply, and the outstanding principal amount attributable to each such Guaranteed Party’s Guaranteed Obligations shall be deemed to be equal to the termination payment that 

11

Exhibit 10.1

would be due to such Guaranteed Party as if the valuation date were an “Early Termination Date” under and calculated in accordance with each applicable Hedging Agreement.
(c)    No Guaranteed Party shall by any act, delay, indulgence, omission or otherwise be deemed to have waived any right or remedy hereunder or to have acquiesced in any breach of any of the terms and conditions hereof.  No failure to exercise, nor any delay in exercising, on the part of any Guaranteed Party, any right, power or privilege hereunder shall operate as a waiver thereof.  No single or partial exercise of any right, power or privilege hereunder shall preclude any other or further exercise thereof or the exercise of any other right, power or privilege.  A waiver by a Guaranteed Party of any right or remedy hereunder on any one occasion shall not be construed as a bar to any right or remedy that such Guaranteed Party would otherwise have on any future occasion.
(d)    The rights, remedies, powers and privileges herein provided are cumulative, may be exercised singly or concurrently and are not exclusive of any other rights or remedies provided by law.
17.    Section Headings.  The Section headings used in this Agreement are for convenience of reference only and are not to affect the construction hereof or be taken into consideration in the interpretation hereof.
18.    Successors and Assigns.  This Agreement shall be binding upon the successors and assigns of each Guarantor and shall inure to the benefit of the Guaranteed Parties and their respective successors and permitted assigns, except that no Guarantor may assign, transfer or delegate any of its rights or obligations under this Agreement except pursuant to a transaction permitted by the Revolving Credit Agreement and in connection with a corresponding assignment under the Revolving Credit Agreement Guarantee.
19.    Additional Guarantors.
(a)    KMI shall cause each Subsidiary (other than any Excluded Subsidiary) formed or otherwise purchased or acquired after the date of this Agreement (including each Subsidiary that ceases to constitute an Excluded Subsidiary after the date of this Agreement) to execute a supplement to this Agreement and become a Guarantor within 45 days of the occurrence of the applicable event specified in this Section 19(a).
(b)    Each Subsidiary of KMI that becomes, at the request of KMI, or that is required pursuant to Section 19(a) to become, a party to this Agreement shall become a Guarantor, with the same force and effect as if originally named as a Guarantor herein, for all purposes of this Agreement upon execution and delivery by such Subsidiary of a written supplement substantially in the form of Annex A hereto.  The execution and delivery of any instrument adding an additional Guarantor as a party to this Agreement shall not require the consent of any other Guarantor hereunder.  The rights and obligations of each Guarantor hereunder shall remain in full force and effect notwithstanding the addition of any new Guarantor as a party to this Agreement.
20.    Additional Guaranteed Obligations.  Any Indebtedness issued by a Guarantor or for which a Guarantor otherwise becomes obligated after the date of this Agreement shall become a Guaranteed Obligation upon the execution by all Guarantors of a notation of guarantee substantially in the form of Annex B hereto, which shall be affixed to the instrument or instruments evidencing such Indebtedness. Each such notation of guarantee shall be signed on behalf of each Guarantor by a duly authorized officer prior to the authentication or issuance of such Indebtedness.
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Exhibit 10.1

21.    GOVERNING LAW.  THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.
22.    Keepwell.  Each Qualified ECP Guarantor hereby jointly and severally absolutely, unconditionally and irrevocably undertakes to provide such funds or other support as may be needed from time to time by each other Guarantor to honor all of its obligations under this Agreement in respect of Swap Obligations (provided, however, that each Qualified ECP Guarantor shall only be liable under this Section 22 for the maximum amount of such liability that can be hereby incurred without rendering its obligations under this Section 22, or otherwise under this Agreement, voidable under applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations of each Qualified ECP Guarantor under this Section shall remain in full force and effect until the Guarantee Termination Date. Each Qualified ECP Guarantor intends that this Section 22 constitute, and this Section 22 shall be deemed to constitute, a “keepwell, support, or other agreement” for the benefit of each other Guarantor for all purposes of Section 1a(18)(A)(v)(II) of the Commodity Exchange Act.
[Signature pages follow]

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Exhibit 10.1

IN WITNESS WHEREOF, each of the undersigned has caused this Agreement to be duly executed and delivered by its duly authorized officer or other representative as of the day and year first above written.

GUARANTORS

KINDER MORGAN, INC. 

By:        /s/ Anthony B. Ashley                    
Name:  Anthony B. Ashley
Title:    Treasurer

AGNES B CRANE, LLC
AMERICAN PETROLEUM TANKERS II LLC
AMERICAN PETROLEUM TANKERS III LLC
AMERICAN PETROLEUM TANKERS IV LLC
AMERICAN PETROLEUM TANKERS LLC
AMERICAN PETROLEUM TANKERS PARENT LLC
AMERICAN PETROLEUM TANKERS V LLC
AMERICAN PETROLEUM TANKERS VI LLC
AMERICAN PETROLEUM TANKERS VII LLC
APT FLORIDA LLC
APT INTERMEDIATE HOLDCO LLC
APT NEW INTERMEDIATE HOLDCO LLC
APT PENNSYLVANIA LLC
APT SUNSHINE STATE LLC
AUDREY TUG LLC
BEAR CREEK STORAGE COMPANY, L.L.C.
BETTY LOU LLC
CAMINO REAL GATHERING COMPANY, L.L.C.
CANTERA GAS COMPANY LLC
CDE PIPELINE LLC
CENTRAL FLORIDA PIPELINE LLC
CHEYENNE PLAINS GAS PIPELINE COMPANY, L.L.C.
CIG GAS STORAGE COMPANY LLC
CIG PIPELINE SERVICES COMPANY, L.L.C.
CIMMARRON GATHERING LLC
COLORADO INTERSTATE GAS COMPANY, L.L.C.
COLORADO INTERSTATE ISSUING CORPORATION 
COPANO DOUBLE EAGLE LLC
COPANO ENERGY FINANCE CORPORATION
COPANO ENERGY, L.L.C.
COPANO ENERGY SERVICES/UPPER GULF COAST LLC
COPANO FIELD SERVICES GP, L.L.C.
COPANO FIELD SERVICES/NORTH TEXAS, L.L.C.
COPANO FIELD SERVICES/SOUTH TEXAS LLC
COPANO FIELD SERVICES/UPPER GULF COAST LLC
COPANO LIBERTY, LLC
COPANO NGL SERVICES (MARKHAM), L.L.C.
COPANO NGL SERVICES LLC
COPANO PIPELINES GROUP, L.L.C.

[Signature Page to Cross Guarantee]

Exhibit 10.1

COPANO PIPELINES/NORTH TEXAS, L.L.C.
COPANO PIPELINES/ROCKY MOUNTAINS, LLC
COPANO PIPELINES/SOUTH TEXAS LLC
COPANO PIPELINES/UPPER GULF COAST LLC
COPANO PROCESSING LLC
COPANO RISK MANAGEMENT LLC
COPANO/WEBB-DUVAL PIPELINE LLC
CPNO SERVICES LLC
DAKOTA BULK TERMINAL, INC.
DELTA TERMINAL SERVICES LLC
EAGLE FORD GATHERING LLC
EL PASO CHEYENNE HOLDINGS, L.L.C.
EL PASO CITRUS HOLDINGS, INC.
EL PASO CNG COMPANY, L.L.C.
EL PASO ENERGY SERVICE COMPANY, L.L.C.
EL PASO LLC
EL PASO MIDSTREAM GROUP LLC
EL PASO NATURAL GAS COMPANY, L.L.C.
EL PASO NORIC INVESTMENTS III, L.L.C.
EL PASO PIPELINE CORPORATION
EL PASO PIPELINE GP COMPANY, L.L.C.
EL PASO PIPELINE HOLDING COMPANY, L.L.C.
EL PASO PIPELINE LP HOLDINGS, L.L.C.
EL PASO PIPELINE PARTNERS, L.P.
By El Paso Pipeline GP Company, L.L.C., its general partner
EL PASO PIPELINE PARTNERS OPERATING COMPANY, L.L.C.
EL PASO RUBY HOLDING COMPANY, L.L.C.
EL PASO TENNESSEE PIPELINE CO., L.L.C.
ELBA EXPRESS COMPANY, L.L.C.
ELIZABETH RIVER TERMINALS LLC
EMORY B CRANE, LLC
EPBGP CONTRACTING SERVICES LLC
EP ENERGY HOLDING COMPANY
EP RUBY LLC
EPTP ISSUING CORPORATION
FERNANDINA MARINE CONSTRUCTION MANAGEMENT LLC
FRANK L. CRANE, LLC
GENERAL STEVEDORES GP, LLC
GENERAL STEVEDORES HOLDINGS LLC
GLOBAL AMERICAN TERMINALS LLC
HAMPSHIRE LLC
HARRAH MIDSTREAM LLC
HBM ENVIRONMENTAL, INC.
ICPT, L.L.C
J.R. NICHOLLS LLC
JAVELINA TUG LLC
JEANNIE BREWER LLC
JV TANKER CHARTERER LLC
KINDER MORGAN (DELAWARE), INC.
KINDER MORGAN 2-MILE LLC
KINDER MORGAN ADMINISTRATIVE SERVICES TAMPA LLC
KINDER MORGAN ALTAMONT LLC
[Signature Page to Cross Guarantee]

Exhibit 10.1

KINDER MORGAN AMORY LLC
KINDER MORGAN ARROW TERMINALS HOLDINGS, INC.
KINDER MORGAN ARROW TERMINALS, L.P.
By Kinder Morgan River Terminals, LLC, its general partner
KINDER MORGAN BALTIMORE TRANSLOAD TERMINAL LLC
KINDER MORGAN BATTLEGROUND OIL LLC
KINDER MORGAN BORDER PIPELINE LLC
KINDER MORGAN BULK TERMINALS, INC.
KINDER MORGAN CARBON DIOXIDE TRANSPORTATION
COMPANY
KINDER MORGAN CO2 COMPANY, L.P.
By Kinder Morgan G.P., Inc., its general partner
KINDER MORGAN COCHIN LLC
KINDER MORGAN COLUMBUS LLC
KINDER MORGAN COMMERCIAL SERVICES LLC
KINDER MORGAN CRUDE & CONDENSATE LLC
KINDER MORGAN CRUDE OIL PIPELINES LLC
KINDER MORGAN CRUDE TO RAIL LLC
KINDER MORGAN CUSHING LLC
KINDER MORGAN DALLAS FORT WORTH RAIL TERMINAL LLC
KINDER MORGAN ENDEAVOR LLC
KINDER MORGAN ENERGY PARTNERS, L.P.
By Kinder Morgan G.P., Inc., its general partner
KINDER MORGAN EP MIDSTREAM LLC
KINDER MORGAN FINANCE COMPANY LLC
KINDER MORGAN FLEETING LLC
KINDER MORGAN FREEDOM PIPELINE LLC
KINDER MORGAN KEYSTONE GAS STORAGE LLC
KINDER MORGAN KMAP LLC
KINDER MORGAN LAS VEGAS LLC
KINDER MORGAN LINDEN TRANSLOAD TERMINAL LLC
KINDER MORGAN LIQUIDS TERMINALS LLC
KINDER MORGAN LIQUIDS TERMINALS ST. GABRIEL LLC
KINDER MORGAN MARINE SERVICES LLC
KINDER MORGAN MATERIALS SERVICES, LLC
KINDER MORGAN MID ATLANTIC MARINE SERVICES LLC
KINDER MORGAN NATGAS O&M LLC
KINDER MORGAN NORTH TEXAS PIPELINE LLC
KINDER MORGAN OPERATING L.P. “A”
By Kinder Morgan G.P., Inc., its general partner
KINDER MORGAN OPERATING L.P. “B”
By Kinder Morgan G.P., Inc., its general partner
KINDER MORGAN OPERATING L.P. “C”
By Kinder Morgan G.P., Inc., its general partner
KINDER MORGAN OPERATING L.P. “D”
By Kinder Morgan G.P., Inc., its general partner
KINDER MORGAN PECOS LLC
KINDER MORGAN PECOS VALLEY LLC
KINDER MORGAN PETCOKE GP LLC
[Signature Page to Cross Guarantee]

Exhibit 10.1

KINDER MORGAN PETCOKE, L.P.
By Kinder Morgan Petcoke GP LLC, its general partner
KINDER MORGAN PETCOKE LP LLC
KINDER MORGAN PETROLEUM TANKERS LLC
KINDER MORGAN PIPELINE LLC
KINDER MORGAN PIPELINES (USA) INC. 
KINDER MORGAN PORT MANATEE TERMINAL LLC
KINDER MORGAN PORT SUTTON TERMINAL LLC
KINDER MORGAN PORT TERMINALS USA LLC
KINDER MORGAN PRODUCTION COMPANY LLC
KINDER MORGAN RAIL SERVICES LLC
KINDER MORGAN RESOURCES II LLC 
KINDER MORGAN RESOURCES III LLC 
KINDER MORGAN RESOURCES LLC
KINDER MORGAN RIVER TERMINALS LLC
KINDER MORGAN SERVICES LLC
KINDER MORGAN SEVEN OAKS LLC
KINDER MORGAN SOUTHEAST TERMINALS LLC
KINDER MORGAN TANK STORAGE TERMINALS LLC
KINDER MORGAN TEJAS PIPELINE LLC
KINDER MORGAN TERMINALS, INC. 
KINDER MORGAN TEXAS PIPELINE LLC 
KINDER MORGAN TEXAS TERMINALS, L.P.
By General Stevedores GP, LLC, its general partner
KINDER MORGAN TRANSMIX COMPANY, LLC
KINDER MORGAN TREATING LP
By KM Treating GP LLC, its general partner
KINDER MORGAN URBAN RENEWAL, L.L.C.
KINDER MORGAN UTICA LLC 
KINDER MORGAN VIRGINIA LIQUIDS TERMINALS LLC
KINDER MORGAN WINK PIPELINE LLC
KINDERHAWK FIELD SERVICES LLC
KM CRANE LLC
KM DECATUR, INC.
KM EAGLE GATHERING LLC
KM GATHERING LLC
KM KASKASKIA DOCK LLC
KM LIQUIDS TERMINALS LLC
KM NORTH CAHOKIA LAND LLC
KM NORTH CAHOKIA SPECIAL PROJECT LLC
KM NORTH CAHOKIA TERMINAL PROJECT LLC
KM SHIP CHANNEL SERVICES LLC
KM TREATING GP LLC
KM TREATING PRODUCTION LLC
KMBT LLC
KMGP CONTRACTING SERVICES LLC 
KMGP SERVICES COMPANY, INC.
KN TELECOMMUNICATIONS, INC.
KNIGHT POWER COMPANY LLC
LOMITA RAIL TERMINAL LLC
MILWAUKEE BULK TERMINALS LLC
MJR OPERATING LLC
MOJAVE PIPELINE COMPANY, L.L.C.
MOJAVE PIPELINE OPERATING COMPANY, L.L.C.
MR. BENNETT LLC
[Signature Page to Cross Guarantee]

Exhibit 10.1

MR. VANCE LLC
NASSAU TERMINALS LLC
NGPL HOLDCO INC.
NS 307 HOLDINGS INC.
PADDY RYAN CRANE, LLC
PALMETTO PRODUCTS PIPE LINE LLC
PI 2 PELICAN STATE LLC
PINNEY DOCK & TRANSPORT LLC
QUEEN CITY TERMINALS LLC
RAHWAY RIVER LAND LLC
RAZORBACK TUG LLC
RCI HOLDINGS, INC.
RIVER TERMINALS PROPERTIES GP LLC
RIVER TERMINAL PROPERTIES, L.P.
By River Terminals Properties GP LLC, its general partner
SCISSORTAIL ENERGY, LLC
SNG PIPELINE SERVICES COMPANY, L.L.C.
SOUTHERN GULF LNG COMPANY, L.L.C.
SOUTHERN LIQUEFACTION COMPANY LLC
SOUTHERN LNG COMPANY, L.L.C.
SOUTHERN NATURAL GAS COMPANY, L.L.C.
SOUTHERN NATURAL ISSUING CORPORATION 
SOUTHTEX TREATERS LLC
SOUTHWEST FLORIDA PIPELINE LLC
SRT VESSELS LLC
STEVEDORE HOLDINGS, L.P.
By Kinder Morgan Petcoke GP LLC, its general partner
TAJON HOLDINGS, INC.
TEJAS GAS, LLC
TEJAS NATURAL GAS, LLC
TENNESSEE GAS PIPELINE COMPANY, L.L.C.
TENNESSEE GAS PIPELINE ISSUING CORPORATION
TEXAN TUG LLC
TGP PIPELINE SERVICES COMPANY, L.L.C.
TRANS MOUNTAIN PIPELINE (PUGET SOUND) LLC
TRANSCOLORADO GAS TRANSMISSION COMPANY LLC
TRANSLOAD SERVICES, LLC
UTICA MARCELLUS TEXAS PIPELINE LLC
WESTERN PLANT SERVICES, INC.
WYOMING INTERSTATE COMPANY, L.L.C.

By:     /s/ Anthony B. Ashley                
Anthony Ashley
Vice President 

[Signature Page to Cross Guarantee]

Exhibit 10.1

ANNEX A TO
THE CROSS GUARANTEE AGREEMENT
SUPPLEMENT NO. [  ] dated as of [                    ] to the CROSS GUARANTEE AGREEMENT dated as of [                    ] (the “Agreement”), among each of the Guarantors listed on the signature pages thereto and each of the other entities that becomes a party thereto pursuant to Section 19 of the Agreement (each such entity individually, a “Guarantor” and, collectively, the “Guarantors”). Unless otherwise defined herein, terms defined in the Agreement and used herein shall have the meanings given to them in the Agreement.
A.    The Guarantors consist of Kinder Morgan, Inc., a Delaware corporation (“KMI”), and certain of its direct and indirect Subsidiaries, and the Guarantors have entered into the Agreement in order to provide guarantees of certain of the Guarantors’ senior, unsecured Indebtedness outstanding from time to time.
B.    Section 19 of the Agreement provides that additional Subsidiaries may become Guarantors under the Agreement by execution and delivery of an instrument in the form of this Supplement.  Each undersigned Subsidiary (each a “New Guarantor”) is executing this Supplement at the request of KMI or in accordance with the requirements of the Agreement to become a Guarantor under the Agreement.
Accordingly, each New Guarantor agrees as follows:
SECTION 1.    In accordance with Section 19 of the Agreement, each New Guarantor by its signature below becomes a Guarantor under the Agreement with the same force and effect as if originally named therein as a Guarantor and each New Guarantor hereby (a) agrees to all the terms and provisions of the Agreement applicable to it as a Guarantor thereunder and (b) represents and warrants that the representations and warranties made by it as a Guarantor thereunder are true and correct on and as of the date hereof.  Each reference to a Guarantor in the Agreement shall be deemed to include each New Guarantor.  The Agreement is hereby incorporated herein by reference.
SECTION 2.     Each New Guarantor represents and warrants to the Guaranteed Parties that this Supplement has been duly authorized, executed and delivered by it and constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms.
SECTION 3.    This Supplement may be executed by one or more of the parties to this Supplement on any number of separate counterparts (including by facsimile or other electronic transmission), and all of said counterparts taken together shall be deemed to constitute one and the same instrument.  A set of the copies of this Supplement signed by all the parties shall be lodged with KMI.  This Supplement shall become effective as to each New Guarantor when KMI shall have received a counterpart of this Supplement that bears the signature of such New Guarantor.
SECTION 4.    Except as expressly supplemented hereby, the Agreement shall remain in full force and effect.
SECTION 5.    THIS SUPPLEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.
SECTION 6.    Any provision of this Supplement that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or 

Exhibit 10.1

unenforceability without invalidating the remaining provisions hereof and in the Agreement, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.  The parties hereto shall endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions.
SECTION 7.    All notices, requests and demands pursuant hereto shall be made in accordance with Section 12 of the Agreement.  All communications and notices hereunder to each New Guarantor shall be given to it in care of KMI at the address set forth in Section 12 of the Agreement.
[Signature Pages Follow]

Exhibit 10.1

IN WITNESS WHEREOF, each New Guarantor has duly executed this Supplement to the Agreement as of the day and year first above written.
_________________________________
as Guarantor
By:______________________________
Name: 
Title:

Exhibit 10.1

ANNEX B TO
THE CROSS GUARANTEE AGREEMENT

FORM OF NOTATION OF GUARANTEE

Subject to the limitations set forth in the Cross Guarantee Agreement, dated as of [•] (the “Guarantee Agreement”), the undersigned Guarantors hereby certify that this [Indebtedness] constitutes a Guaranteed Obligation, entitled to all the rights as such set forth in the Guarantee Agreement. The Guarantors may be released from their guarantees upon the terms and subject to the conditions provided in the Guarantee Agreement. Capitalized terms used but not defined in this notation of guarantee have the meanings assigned such terms in the Guarantee Agreement, a copy of which will be provided to [a holder of this instrument] upon request to [Issuer].
Schedule I of the Guarantee Agreement is hereby deemed to be automatically updated to include this [Indebtedness] thereon as a Guaranteed Obligation.

[GUARANTORS],
as Guarantor
By:    ______________________________
    Name: 
    Title:

Exhibit 10.1

SCHEDULE I

Guaranteed Obligations
Current as of: June 30, 2022
															
	Issuer		Indebtedness		Maturity
	Kinder Morgan, Inc.		3.150% bonds		January 15, 2023
	Kinder Morgan, Inc.		Floating rate bonds		January 15, 2023
	Kinder Morgan, Inc.		5.625% notes		November 15, 2023
	Kinder Morgan, Inc.		4.30% notes		June 1, 2025
	Kinder Morgan, Inc.		1.75% notes		November 15, 2026
	Kinder Morgan, Inc.		6.70% bonds (Coastal)		February 15, 2027
	Kinder Morgan, Inc.		2.250% notes		March 16, 2027
	Kinder Morgan, Inc.		6.67% debentures		November 1, 2027
	Kinder Morgan, Inc.		7.25% debentures		March 1, 2028
	Kinder Morgan, Inc.		4.30% notes		March 1, 2028
	Kinder Morgan, Inc.		6.95% bonds (Coastal)		June 1, 2028
	Kinder Morgan, Inc.		8.05% bonds		October 15, 2030
	Kinder Morgan, Inc.		2.00% notes		February 15, 2031
	Kinder Morgan, Inc.		7.80% bonds		August 1, 2031
	Kinder Morgan, Inc.		7.75% bonds		January 15, 2032
	Kinder Morgan, Inc.		5.30% notes		December 1, 2034
	Kinder Morgan, Inc.		7.75% bonds (Coastal)		October 15, 2035
	Kinder Morgan, Inc.		6.40% notes		January 5, 2036
	Kinder Morgan, Inc.		7.42% bonds (Coastal)		February 15, 2037
	Kinder Morgan, Inc.		5.55% notes		June 1, 2045
	Kinder Morgan, Inc.		5.050% notes		February 15, 2046
	Kinder Morgan, Inc.		5.20% notes		March 1, 2048
	Kinder Morgan, Inc.		3.25% notes		August 1, 2050
	Kinder Morgan, Inc.		3.60% notes		February 15, 2051
	Kinder Morgan, Inc.		7.45% debentures		March 1, 2098
	Kinder Morgan, Inc.		$100 Million Letter of Credit Facility		November 30, 2022
	Kinder Morgan Energy Partners, L.P.		3.45% bonds		February 15, 2023
	Kinder Morgan Energy Partners, L.P.		3.50% bonds		September 1, 2023
	Kinder Morgan Energy Partners, L.P.		4.15% bonds		February 1, 2024
	Kinder Morgan Energy Partners, L.P.		4.25% bonds		September 1, 2024
	Kinder Morgan Energy Partners, L.P.		7.40% bonds		March 15, 2031
	Kinder Morgan Energy Partners, L.P.		7.75% bonds		March 15, 2032
	Kinder Morgan Energy Partners, L.P.		7.30% bonds		August 15, 2033
	Kinder Morgan Energy Partners, L.P.		5.80% bonds		March 15, 2035
	Kinder Morgan Energy Partners, L.P.		6.50% bonds		February 1, 2037
	Kinder Morgan Energy Partners, L.P.		6.95% bonds		January 15, 2038
	Kinder Morgan Energy Partners, L.P.		6.50% bonds		September 1, 2039

Exhibit 10.1

															
			Schedule I
			(Guaranteed Obligations)
			Current as of: June 30, 2022
	Issuer		Indebtedness		Maturity
	Kinder Morgan Energy Partners, L.P.		6.55% bonds		September 15, 2040
	Kinder Morgan Energy Partners, L.P.		6.375% bonds		March 1, 2041
	Kinder Morgan Energy Partners, L.P.		5.625% bonds		September 1, 2041
	Kinder Morgan Energy Partners, L.P.		5.00% bonds		August 15, 2042
	Kinder Morgan Energy Partners, L.P.		5.00% bonds		March 1, 2043
	Kinder Morgan Energy Partners, L.P.		5.50% bonds		March 1, 2044
	Kinder Morgan Energy Partners, L.P.		5.40% bonds		September 1, 2044
	Kinder Morgan Energy Partners, L.P.(1)
		4.30% bonds		May 1, 2024
	Kinder Morgan Energy Partners, L.P.(1)
		7.50% bonds		November 15, 2040
	Kinder Morgan Energy Partners, L.P.(1)
		4.70% bonds		November 1, 2042
	Tennessee Gas Pipeline Company, L.L.C.		7.00% bonds		March 15, 2027
	Tennessee Gas Pipeline Company, L.L.C.		7.00% bonds		October 15, 2028
	Tennessee Gas Pipeline Company, L.L.C.		2.90% bonds		March 1, 2030
	Tennessee Gas Pipeline Company, L.L.C.		8.375% bonds		June 15, 2032
	Tennessee Gas Pipeline Company, L.L.C.		7.625% bonds		April 1, 2037
	El Paso Natural Gas Company, L.L.C.		7.50% bonds		November 15, 2026
	El Paso Natural Gas Company, L.L.C.		3.50% bonds		February 15, 2032
	El Paso Natural Gas Company, L.L.C.		8.375% bonds		June 15, 2032
	Colorado Interstate Gas Company, L.L.C.		4.15% notes		August 15, 2026
	Colorado Interstate Gas Company, L.L.C.		6.85% bonds		June 15, 2037
	El Paso Tennessee Pipeline Co. L.L.C.		7.25% bonds		December 15, 2025
	Other		Cora industrial revenue bonds		April 1, 2024
					
	_________________________________________________
(1)  The original issuer, El Paso Pipeline Partners, L.P. merged with and into Kinder Morgan Energy
     Partners, L.P. effective January 1, 2015.

2

Exhibit 10.1

															
			Schedule I
			(Guaranteed Obligations)
			Current as of: June 30, 2022

															
	Hedging Agreements1
				
	Issuer		Guaranteed Party		Date
	Kinder Morgan, Inc.		Bank of America, N.A.		January 4, 2018
	Kinder Morgan, Inc.		BNP Paribas		September 15, 2016
	Kinder Morgan, Inc.		Citibank, N.A.		March 16, 2017
	Kinder Morgan, Inc.		J. Aron & Company		December 23, 2011
	Kinder Morgan, Inc.		SunTrust Bank		August 29, 2001
	Kinder Morgan, Inc.		Barclays Bank PLC		November 26, 2014
	Kinder Morgan, Inc.		Bank of Montreal		April 25, 2019
	Kinder Morgan, Inc.		Bank of Tokyo-Mitsubishi, Ltd., New York Branch		November 26, 2014
	Kinder Morgan, Inc.		Canadian Imperial Bank of Commerce		November 26, 2014
	Kinder Morgan, Inc.		Commerzbank AG		August 22, 2019
	Kinder Morgan, Inc.		Compass Bank 		March 24, 2015
	Kinder Morgan, Inc.		Credit Agricole Corporate and Investment 
Bank		November 26, 2014
	Kinder Morgan, Inc.		Credit Suisse International		November 26, 2014
	Kinder Morgan, Inc.		Deutsche Bank AG		November 26, 2014
	Kinder Morgan, Inc.		ING Capital Markets LLC		November 26, 2014
	Kinder Morgan, Inc.		Intesa Sanpaolo S.p.A.		July 1, 2019
	Kinder Morgan, Inc.		JPMorgan Chase Bank, N.A.		February 19, 2015
	Kinder Morgan, Inc.		Mizuho Capital Markets Corporation		November 26, 2014
	Kinder Morgan, Inc.		Morgan Stanley Capital Services LLC		July 9, 2018
	Kinder Morgan, Inc.		PNC Bank National Association		February 4, 2019
	Kinder Morgan, Inc.		Royal Bank of Canada		November 26, 2014
	Kinder Morgan, Inc.		SMBC Capital Markets, Inc.		April 26, 2017
	Kinder Morgan, Inc.		The Bank of Nova Scotia		November 26, 2014
	Kinder Morgan, Inc.		The Royal Bank of Scotland PLC		November 26, 2014
	Kinder Morgan, Inc.		Societe Generale		November 26, 2014
	Kinder Morgan, Inc.		The Toronto-Dominion Bank		October 2, 2017
	Kinder Morgan, Inc.		UBS AG		November 26, 2014
	Kinder Morgan, Inc.		Wells Fargo Bank, N.A.		November 26, 2014
	Kinder Morgan Energy Partners, L.P.		Bank of America, N.A.		April 14, 1999
	Kinder Morgan Energy Partners, L.P.		Bank of Tokyo-Mitsubishi, Ltd., New York Branch		November 23, 2004
	Kinder Morgan Energy Partners, L.P.		Barclays Bank PLC		November 18, 2003
	Kinder Morgan Energy Partners, L.P.		Canadian Imperial Bank of Commerce		August 4, 2011
	Kinder Morgan Energy Partners, L.P.		Citibank, N.A.		March 14, 2002
	Kinder Morgan Energy Partners, L.P.		Credit Agricole Corporate and Investment Bank		June 20, 2014
	Kinder Morgan Energy Partners, L.P.		Credit Suisse International		May 14, 2010
	_________________________________________________
1  Guaranteed Obligations with respect to Hedging Agreements include International Swaps and
Derivatives Association Master Agreements (“ISDAs”) and all transactions entered into pursuant to any ISDA listed on this Schedule I.

3

Exhibit 10.1

															
			Schedule I
			(Guaranteed Obligations)
			Current as of: June 30, 2022
	Hedging Agreements1
				
	Issuer		Guaranteed Party		Date
	Kinder Morgan Energy Partners, L.P.		Deutsche Bank AG		April 2, 2009
	Kinder Morgan Energy Partners, L.P.		ING Capital Markets LLC		September 21, 2011
	Kinder Morgan Energy Partners, L.P.		J. Aron & Company		November 11, 2004
	Kinder Morgan Energy Partners, L.P.		JPMorgan Chase Bank		August 29, 2001
	Kinder Morgan Energy Partners, L.P.		Merrill Lynch Capital Services, Inc.		March 8, 2005
	Kinder Morgan Energy Partners, L.P.		Mizuho Capital Markets Corporation		July 11, 2014
	Kinder Morgan Energy Partners, L.P.		Morgan Stanley Capital Services Inc.		March 10, 2010
	Kinder Morgan Energy Partners, L.P.		Royal Bank of Canada		March 12, 2009
	Kinder Morgan Energy Partners, L.P.		The Royal Bank of Scotland PLC		March 20, 2009
	Kinder Morgan Energy Partners, L.P.		The Bank of Nova Scotia		August 14, 2003
	Kinder Morgan Energy Partners, L.P.		Societe Generale		July 18, 2014
	Kinder Morgan Energy Partners, L.P.		SunTrust Bank		March 14, 2002
	Kinder Morgan Energy Partners, L.P.		UBS AG		February 23, 2011
	Kinder Morgan Energy Partners, L.P.		Wells Fargo Bank, N.A.		July 31, 2007
	Kinder Morgan Texas Pipeline LLC		Bank of Montreal		April 25, 2019
	Kinder Morgan Texas Pipeline LLC		Barclays Bank PLC		January 10, 2003
	Kinder Morgan Texas Pipeline LLC		BNP Paribas		March 2, 2005
	Kinder Morgan Texas Pipeline LLC		Canadian Imperial Bank of Commerce		December 18, 2006
	Kinder Morgan Texas Pipeline LLC		Citibank, N.A.		February 22, 2005
	Kinder Morgan Texas Pipeline LLC		Credit Suisse International		August 31, 2012
	Kinder Morgan Texas Pipeline LLC		Deutsche Bank AG		June 13, 2007
	Kinder Morgan Texas Pipeline LLC		ING Capital Markets LLC		April 17, 2014
	Kinder Morgan Texas Pipeline LLC		Intesa Sanpaolo S.p.a		October 29, 2020
	Kinder Morgan Production LLC		J. Aron & Company		June 12, 2006
	Kinder Morgan Texas Pipeline LLC		J. Aron & Company		June 8, 2000
	Kinder Morgan Texas Pipeline LLC		JPMorgan Chase Bank, N.A.		September 7, 2006
	Kinder Morgan Texas Pipeline LLC		Macquarie Bank Limited		September 20, 2010
	Kinder Morgan Texas Pipeline LLC		Merrill Lynch Commodities, Inc.		October 24, 2001
	Kinder Morgan Texas Pipeline LLC		Natixis		June 13, 2011
	Kinder Morgan Texas Pipeline LLC		Phillips 66 Company		March 30, 2015
	Kinder Morgan Texas Pipeline LLC		PNC Bank, National Association		July 11, 2018
	Kinder Morgan Texas Pipeline LLC		Royal Bank of Canada		October 18, 2018
	Kinder Morgan Texas Pipeline LLC		The Bank of Nova Scotia		May 8, 2014
	Kinder Morgan Texas Pipeline LLC		The Toronto Dominion Bank
		September 14, 2021

	Kinder Morgan Texas Pipeline LLC		Societe Generale		January 14, 2003
	Kinder Morgan Texas Pipeline LLC		Wells Fargo Bank, N.A.		June 1, 2013
	Copano Risk Management, LLC		Citibank, N.A.		July 21, 2008
	Copano Risk Management, LLC		J. Aron & Company		December 12, 2005
	Copano Risk Management, LLC		Morgan Stanley Capital Group Inc.		May 4, 2007
	_________________________________________________
1  Guaranteed Obligations with respect to Hedging Agreements include International Swaps and
Derivatives Association Master Agreements (“ISDAs”) and all transactions entered into pursuant to any ISDA listed on this Schedule I.

4

Exhibit 10.1

									
	SCHEDULE II

Guarantors
Current as of: June 30, 2022

	Agnes B Crane, LLC		Copano Processing LLC
	American Petroleum Tankers II LLC		Copano Risk Management LLC
	American Petroleum Tankers III LLC		Copano Terminals LLC
	American Petroleum Tankers IV LLC		Copano/Webb-Duval Pipeline LLC
	American Petroleum Tankers LLC		CPNO Services LLC
	American Petroleum Tankers Parent LLC		Dakota Bulk Terminal LLC
	American Petroleum Tankers V LLC		Delta Terminal Services LLC
	American Petroleum Tankers VI LLC		Eagle Ford Gathering LLC
	American Petroleum Tankers VII LLC		El Paso Cheyenne Holdings, L.L.C.
	American Petroleum Tankers VIII LLC		El Paso Citrus Holdings, Inc.
	American Petroleum Tankers IX LLC		El Paso CNG Company, L.L.C.
	American Petroleum Tankers X LLC		El Paso Energy Service Company, L.L.C.
	American Petroleum Tankers XI LLC		El Paso LLC
	APT Florida LLC		El Paso Midstream Group LLC
	APT Intermediate Holdco LLC		El Paso Natural Gas Company, L.L.C.
	APT New Intermediate Holdco LLC		El Paso Noric Investments III, L.L.C.
	APT Pennsylvania LLC		El Paso Ruby Holding Company, L.L.C.
	APT Sunshine State LLC		El Paso Tennessee Pipeline Co., L.L.C.
	Arlington Storage Company, LLC
		Elba Express Company, L.L.C.
	Betty Lou LLC		Elizabeth River Terminals LLC
	Camino Real Gas Gathering Company LLC		Emory B Crane, LLC
	Camino Real Gathering Company, L.L.C.		EP Ruby LLC
	Cantera Gas Company LLC		EPBGP Contracting Services LLC
	CDE Pipeline LLC		EPTP Issuing Corporation
	Central Florida Pipeline LLC		Frank L. Crane, LLC
	Cheyenne Plains Gas Pipeline Company, L.L.C.		General Stevedores GP, LLC
	CIG Gas Storage Company LLC		General Stevedores Holdings LLC
	CIG Pipeline Services Company, L.L.C.		Harrah Midstream LLC
	Colorado Interstate Gas Company, L.L.C.		HBM Environmental LLC
	Colorado Interstate Issuing Corporation		Hiland Crude, LLC
	Copano Double Eagle LLC		Hiland Partners Holdings LLC
	Copano Energy Finance Corporation		HPH Oklahoma Gathering LLC
	Copano Energy Services/Upper Gulf Coast LLC		ICPT, L.L.C
	Copano Energy, L.L.C.		Independent Trading & Transportation
	Copano Field Services GP, L.L.C.		Company I, L.L.C.
	Copano Field Services/North Texas, L.L.C.		JV Tanker Charterer LLC
	Copano Field Services/South Texas LLC		Kinder Morgan 2-Mile LLC
	Copano Field Services/Upper Gulf Coast LLC		Kinder Morgan Administrative Services Tampa LLC
	Copano Liberty, LLC		Kinder Morgan Altamont LLC
	Copano Liquids Marketing LLC		Kinder Morgan Baltimore Transload Terminal LLC
	Copano NGL Services (Markham), L.L.C.		Kinder Morgan Battleground Oil LLC
	Copano NGL Services LLC		Kinder Morgan Border Pipeline LLC
	Copano Pipelines Group, L.L.C.		Kinder Morgan Bulk Terminals LLC
	Copano Pipelines/North Texas, L.L.C.		Kinder Morgan Carbon Dioxide Transportation
	Copano Pipelines/Rocky Mountains, LLC		Company
	Copano Pipelines/South Texas LLC		Kinder Morgan CO2 Company LLC
	Copano Pipelines/Upper Gulf Coast LLC		Kinder Morgan Commercial Services LLC

Exhibit 10.1

									
			Schedule II
			(Guarantors)
			Current as of: June 30, 2022

			
	Kinder Morgan Contracting Services LLC		Kinder Morgan Portland Jet Line LLC
	Kinder Morgan Crude & Condensate LLC		Kinder Morgan Portland Liquids Terminals LLC
	Kinder Morgan Crude Marketing LLC		Kinder Morgan Portland Operating LLC
	Kinder Morgan Crude Oil Pipelines LLC		Kinder Morgan Production Company LLC
	Kinder Morgan Crude to Rail LLC		Kinder Morgan Products Terminals LLC
	Kinder Morgan Cushing LLC		Kinder Morgan Rail Services LLC
	Kinder Morgan Dallas Fort Worth Rail Terminal LLC		Kinder Morgan Resources II LLC
	Kinder Morgan Deeprock North Holdco LLC		Kinder Morgan Resources III LLC
	Kinder Morgan Endeavor LLC		Kinder Morgan RNG Holdco LLC
	Kinder Morgan Energy Partners, L.P.		Kinder Morgan Scurry Connector LLC
	Kinder Morgan Energy Transition Ventures LLC		Kinder Morgan Seven Oaks LLC
	Kinder Morgan EP Midstream LLC		Kinder Morgan SNG Operator LLC
	Kinder Morgan Finance Company LLC		Kinder Morgan Southeast Terminals LLC
	Kinder Morgan Freedom Pipeline LLC		Kinder Morgan Tank Storage Terminals LLC
	Kinder Morgan Galena Park West LLC		Kinder Morgan Tejas Pipeline LLC
	Kinder Morgan GP LLC		Kinder Morgan Terminals, Inc.
	Kinder Morgan IMT Holdco LLC		Kinder Morgan Terminals Wilmington LLC
	Kinder Morgan, Inc.		Kinder Morgan Texas Pipeline LLC
	Kinder Morgan Keystone Gas Storage LLC		Kinder Morgan Texas Terminals, L.P.
	Kinder Morgan KMAP LLC		Kinder Morgan Transmix Company, LLC
	Kinder Morgan Las Vegas LLC		Kinder Morgan Treating LP
	Kinder Morgan Linden Transload Terminal LLC		Kinder Morgan Utica LLC
	Kinder Morgan Liquids Terminals LLC		Kinder Morgan Vehicle Services LLC
	Kinder Morgan Liquids Terminals St. Gabriel LLC		Kinder Morgan Virginia Liquids Terminals LLC
	Kinder Morgan Louisiana Pipeline Holding LLC		Kinder Morgan Wink Pipeline LLC
	Kinder Morgan Louisiana Pipeline LLC		KinderHawk Field Services LLC
	Kinder Morgan Marine Services LLC		Kinetrex Energy Transportation, LLC 

	Kinder Morgan Materials Services, LLC		Kinetrex Holdco, Inc. 

	Kinder Morgan Mid Atlantic Marine Services LLC		KM Crane LLC
	Kinder Morgan NatGas O&M LLC		KM Decatur LLC
	Kinder Morgan NGPL Holdings LLC		KM Eagle Gathering LLC
	Kinder Morgan North Texas Pipeline LLC		KM Gathering LLC
	Kinder Morgan Operating LLC “A”		KM Kaskaskia Dock LLC
	Kinder Morgan Operating LLC “B”		KM Liquids Terminals LLC
	Kinder Morgan Operating LLC “C”		KM North Cahokia Land LLC
	Kinder Morgan Operating LLC “D”		KM North Cahokia Special Project LLC
	Kinder Morgan Pecos LLC		KM North Cahokia Terminal Project LLC
	Kinder Morgan Pecos Valley LLC		KM Ship Channel Services LLC
	Kinder Morgan Petcoke GP LLC		KM Treating GP LLC
	Kinder Morgan Petcoke LP LLC		KM Treating Production LLC
	Kinder Morgan Petcoke, L.P.		KM Utopia Operator LLC
	Kinder Morgan Petroleum Tankers LLC		KMBT Legacy Holdings LLC
	Kinder Morgan Pipeline LLC		KMBT LLC
	Kinder Morgan Port Manatee Terminal LLC		KMGP Services Company, Inc.
	Kinder Morgan Port Sutton Terminal LLC		KN Telecommunications, Inc.
	Kinder Morgan Port Terminals USA LLC		Knight Power Company LLC
	Kinder Morgan Portland Bulk LLC		Liberty High BTU LLC
	Kinder Morgan Portland Holdings LLC		LNG Indy, LLC 

	Kinder Morgan Portland Intermediate Holdings I LLC		Lomita Rail Terminal LLC
	Kinder Morgan Portland Intermediate Holdings II LLC		Milwaukee Bulk Terminals LLC

2

Exhibit 10.1

									
			Schedule II
			(Guarantors)
			Current as of: June 30, 2022

			
	MJR Operating LLC		
	Mojave Pipeline Company, L.L.C.		
	Mojave Pipeline Operating Company, L.L.C.		
	Paddy Ryan Crane, LLC		
	Palmetto Products Pipe Line LLC		
	PI 2 Pelican State LLC		
	Pinney Dock & Transport LLC		
	Prairie View High BTU LLC
		
	Queen City Terminals LLC		
	Rahway River Land LLC		
	River Terminals Properties GP LLC		
	River Terminal Properties, L.P.		
	RNG Indy LLC
		
	ScissorTail Energy, LLC		
	SNG Pipeline Services Company, L.L.C.		
	Southern Dome, LLC		
	Southern Gulf LNG Company, L.L.C.		
	Southern Liquefaction Company LLC		
	Southern LNG Company, L.L.C.		
	Southern Oklahoma Gathering LLC		
	SouthTex Treaters LLC		
	Southwest Florida Pipeline LLC		
	SRT Vessels LLC		
	Stagecoach Energy Solutions LLC
		
	Stagecoach Gas Services LLC
		
	Stagecoach Operating Services LLC
		
	Stagecoach Pipeline & Storage Company LLC		
	Stevedore Holdings, L.P.		
	Tejas Gas, LLC		
	Tejas Natural Gas, LLC		
	Tennessee Gas Pipeline Company, L.L.C.		
	Tennessee Gas Pipeline Issuing Corporation		
	Texan Tug LLC		
	TGP Pipeline Services Company, L.L.C.		
	TransColorado Gas Transmission Company LLC		
	Transload Services, LLC		
	Twin Bridges High BTU LLC
		
	Twin Tier Pipeline LLC		
	Utica Marcellus Texas Pipeline LLC		
	Western Plant Services LLC		
	Wyoming Interstate Company, L.L.C.		
			
			
			
			
			
			

3

Exhibit 10.1

									
	SCHEDULE III

Excluded Subsidiaries
	ANR Real Estate Corporation 		
	Coastal Eagle Point Oil Company		
	Coastal Oil New England, Inc.		
	Colton Processing Facility		
	Coscol Petroleum Corporation		
	El Paso CGP Company, L.L.C.		
	El Paso Energy Capital Trust I 		
	El Paso Energy E.S.T. Company 		
	El Paso Energy International Company		
	El Paso Marketing Company, L.L.C.		
	El Paso Merchant Energy North America Company, L.L.C.		
	El Paso Merchant Energy-Petroleum Company		
	El Paso Reata Energy Company, L.L.C.		
	El Paso Remediation Company		
	El Paso Services Holding Company		
	EPEC Corporation		
	EPEC Oil Company Liquidating Trust 		
	EPEC Polymers, Inc.		
	EPED Holding Company		
	KN Capital Trust I		
	KN Capital Trust III		
	Mesquite Investors, L.L.C.		
			
	Note: The Excluded Subsidiaries listed on this Schedule III may also be Excluded Subsidiaries pursuant to other exceptions set forth in the definition of “Excluded Subsidiary”.

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