Document:

Exhibit
10.2

AMENDMENT NO. 3 TO THE 

SECOND AMENDED AND RESTATED ADVISORY SERVICES AGREEMENT

AMENDMENT NO. 3 to the SECOND AMENDED AND RESTATED
ADVISORY SERVICES AGREEMENT, dated as of June 12, 2006, among SECURITY
CAPITAL CORPORATION, a Delaware corporation (“Security
Capital”), and CAPITAL PARTNERS, INC., a Connecticut corporation (“Capital Partners”). Capitalized terms used but not defined
herein shall have the meanings ascribed to such terms in the Advisory Services
Agreement (as defined below).

W I T N E S S E T H:

WHEREAS, Security Capital and Capital Partners entered
into that certain Second Amended and Restated Advisory Services Agreement,
dated as of December 23, 2005, and effective as of January 1, 2006,
as amended by Amendment No. 1 and Amendment No. 2 (as amended, the “Advisory Services Agreement”), pursuant to which Capital
Partners has agreed, among other things, to continue, from and after January 1,
2006, to provide advisory services to Security Capital and its subsidiaries in
the areas of investments, general administration, corporate development,
strategic planning, stockholder relations, financial matters and general
business policy;

WHEREAS, Security Capital is engaged in a formal sale
process for the Sale of Security Capital in an effort to maximize stockholder
value by seeking for its stockholders the highest price reasonably attainable
for Security Capital; and

WHEREAS, pursuant to the Advisory Services Agreement,
the Board of Directors of Security Capital (the “Board”)
has assigned Capital Partners, and its President and Chief Executive Officer,
the responsibility to manage the
formal sale process; and

WHEREAS, pursuant to the Advisory Services Agreement,
in certain circumstances, upon the consummation of a Sale of Security Capital,
Security Capital is required to pay to Capital Partners an Incentive Sales
Bonus; and

WHEREAS, the Compensation Committee of the Board, the
Audit Committee of the Board and the full Board, a majority of the members of
which are independent directors, have unanimously determined, after considering
all of the facts and circumstances, that the Advisory Services Agreement should
be amended to (i) clarify that the calculation of the Per Share
Consideration includes the aggregate dollar value per share to be paid to Security
Capital’s stockholders in connection with the Sale of Security Capital (without
regard to any amount placed in escrow or used to satisfy indemnification
claims) and the aggregate dollar value per share of the special cash dividend
to be paid on June 28, 2006 to the holders of record at the close of
business on June 14, 2006 of Security Capital’s Class A Common Stock
and Common Stock (which dividend will be paid principally from the net proceeds
of Security Capital’s sale of its 91.52% (on a fully diluted basis) interest in
Primrose) (the “Primrose Dividend”), and (ii) terminate
the Advisory Services Agreement on the consummation of the Sale of Security
Capital, and that such amendment is consistent with Board’s original intent to
incentivize Capital Partners to achieve for the stockholders of Security
Capital the highest Per Share Consideration 

 

(for the sale of Security
Capital as a whole) reasonably obtainable, and is in the best interests of
Security Capital and all of its stockholders; and

WHEREAS, Security Capital and Capital Partners desire
to amend the Advisory Services Agreement to reflect such matters.

NOW, THEREFORE, in consideration of the premises and
for other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, the parties hereto agree, intending to be legally
bound, to amend the Advisory Services Agreement, as follows:

1.             Section 2(b) of the Advisory Services
Agreement is hereby deleted in its entirety and replaced with the following:

(b)         Notwithstanding anything in this
Agreement to the contrary, this Agreement shall automatically terminate on the
consummation of the Sale of Security Capital; provided that Capital
Partners’ right to receive any remaining portion of the Fee and the Incentive
Sales Bonus shall survive such termination.

2.             Section 8(d) of the Advisory Services
Agreement is hereby deleted in its entirety and replaced with the following:

(d)         “Per Share Consideration”
means (A) the aggregate dollar value to be received by Security Capital’s
stockholders in respect of each share of Class A common stock of Security
Capital owned by such stockholders in connection with a Sale of Security
Capital (without regard to any amount placed in escrow or used to satisfy
indemnification claims) plus (B) the Primrose Dividend.

3.             Except as expressly set forth
herein, this amendment to the Advisory Services Agreement shall not by
implication or otherwise alter, modify, amend or in any way affect any of the
terms, conditions, obligations, covenants or agreements contained in the
Advisory Services Agreement, all of which shall remain in full force and effect.
This amendment may be executed in counterparts, each of which shall be an
original, but all of which together shall constitute one and the same instrument.
This amendment shall be governed by and construed in accordance with the laws
of the State of Connecticut.

[Signature
Page Follows]

 2

 

IN WITNESS WHEREOF, the
parties hereto have caused this amendment to be duly executed as of the date
first above written.

	
  

  	
  SECURITY CAPITAL CORPORATION

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ William R. Schlueter

  
	
   

  	
   

  	
  Name:

  	
  William R. Schlueter

  
	
   

  	
   

  	
  Title:

  	
  Senior Vice President, CFO, Assistant

  
	
   

  	
   

  	
   

  	
  Secretary and Treasurer

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  CAPITAL PARTNERS, INC.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Brian D. Fitzgerald

  
	
   

  	
   

  	
  Name:

  	
  Brian D. Fitzgerald

  
	
   

  	
   

  	
  Title:

  	
  PresidentExhibit
10.1

 

AMENDMENT NO. ONE

 

TO THE

 

WESTERN GAS RESOURCES, INC.

 

AMENDED AND RESTATED
DIRECTORS’ HEALTH PLAN

 

As of June 13, 2006

 

Western Gas Resources, Inc., a Delaware
corporation (the “Corporation”), established the Western Gas Resources, Inc. Directors’
Medical Insurance Plan, effective September 1, 1996.  The plan was amended and restated by the
Corporation on February 23, 2005, effective January 1, 2005, and was renamed
the Western Gas Resources, Inc. Amended and Restated Directors’ Health Plan
(the “Directors’ Health Plan”).  The
Directors’ Health Plan provides continuing health care benefits for certain
current and former members of the board of directors (“Directors”) of the
Corporation and the covered spouses of such Directors.

 

The Directors’ Health Plan is hereby further
amended, effectiveJune 13, 2006, as follows:

 

1.             Paragraph
1.b.(iii) is amended by replacing the phrase at the end thereof which reads “Internal
Revenue Service Notice 2005-1, A-14(b)” with the following:

 

                “income
tax Proposed Regulations Section 1.409A-3(g)(5)(vii)(B).”

 

2.             Paragraph
1.b.(vi) is deleted in its entirety and the following is inserted in lieu
thereof:

 

“(vi)        Interpretation under Code Section
409A.  The definition of Change in
Control under this Paragraph 1.b. is intended to comply with applicable
definitions and requirements of Code Section 409A(a)(2)(A)(v) and income tax
Proposed Regulations Section 1.409A-3(g)(5), and shall be interpreted
consistently therewith.  Furthermore, to
the extent that further Internal Revenue Service guidance, including notices,
rulings, regulations, etc., are issued that modify the applicable change in
control event definitions and requirements, the definition herein of Change in
Control shall be deemed to have been modified accordingly as of the effective
date of such change as set forth in such guidance.”

 

3.             Paragraph
1.e. is deleted in its entirety and the following is inserted in lieu thereof:

 

“e.           Director means each member of
the Board of Directors of the Corporation as of January 1, 2005, and Lanny
Outlaw, a former director of the Corporation, and each new member appointed or
elected to the Board of Directors after January 1, 2005 (each such new member,
a “Future Director”).

 

 

1

 

4.             Paragraph
2.b. is amended by deleting the second sentence appearing therein and inserting
the following in lieu thereof:

 

“An initial election to participate may be submitted within thirty (30)
days of approval of the Plan by the Corporation’s board of directors or, if
later, within thirty (30) days after becoming eligible for the first time
hereunder.  Thereafter, on an annual
basis during the Corporation’s regular benefits enrollment period, the
Corporation will send Participation Agreements to each Director or surviving
spouse, if applicable, permitting such person to change such person’s election
to participate or not in the Plan or to amend such person’s participation in
the Plan.  Failure to return the
Participation Agreement shall be deemed an election not to alter or amend such
person’s then current participation status.”

 

5.             Paragraph
3.b.(i) is amended by deleting the first sentence appearing therein and
inserting the following in lieu thereof:

 

“Except as provided in Paragraph 3.b.(iv), if a
Director who is under the Medicare eligibility age and retired from the Board
of Directors elects coverage pursuant to Paragraph 2, the Corporation
shall provide such Director and covered Spouse, if any (provided such covered
Spouse is under the Medicare eligibility age) with the elected Base Health
Coverage and/or Supplemental Coverage.”

 

6.             Paragraph
3.b. shall be amended by inserting the following new sub-paragraph (v) at the
end thereof:

 

“(v)         Retired Future Directors.  Notwithstanding anything to the contrary
herein, Future Directors shall only be eligible for the benefits provided under
this Paragraph 3.b. upon completion of two full three-year terms of service on
the Board and re-election by the Corporation’s stockholders to a third term; provided,
however, that in the event of a Change in Control or the death or
permanent disability (as defined in the Corporation’s long term disability
plan) of a Future Director (each, an “Unanticipated Event”), if, on the date of
such Unanticipated Event the Future Director has completed one full three-year
term of service on the Board and has been re-elected by the Corporation’s
stockholders to a second term such Future Director will be deemed eligible for
the benefits under this Paragraph 3.b. at the time of the occurrence of the
Unanticipated Event.  In the event that
the Board shortens or lengthens the term of service from the current three-year
duration, then the required number of terms to be served to meet the qualification
set forth above shall be such number of terms as may be required to meet or
exceed an equivalent number of years of service as set forth above.”

 

7.             Paragraph
6 shall be amended by adding the following words immediately prior to the end
thereof:

 

“; excluding, however, any
Future Director and such Future Director’s Spouse, if any, unless such Future
Director has satisfied the conditions set forth in Paragraph 3.b.(v) hereunder”

 

 

2

 

8.             Paragraph
7 shall be amended by deleting the second sentence appearing therein and
inserting the following in lieu thereof:

 

“Except
as required by law, the benefits provided under this Plan, including but not
limited to, the type of coverage, level of coverage, copayment amounts,
deductible amounts, and coinsurance requirements, even if reduced for Executive
Officers under coverage provided by the Corporation, may not be reduced or
terminated, without the consent of all affected eligible Directors and Spouses.”

 

All other provisions of the Directors’ Health
Plan shall remain in full force and effect as originally written.

 

************************************

 

The undersigned, John C. Walter, hereby
certifies that he is the duly elected and acting Secretary of Western Gas
Resources, Inc. and that the foregoing Amendment is authorized pursuant to a
resolution adopted by the Board of Directors of the Corporation on the 13th
day of June 2006.

 

 

 

	
   

  	
  /s/ John C. Walter

  
	
   

  	
  John C. Walter

  
	
   

  	
  Date

  

 

 

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