Document:

EXHIBIT 10.5

 

SERVICES
AGREEMENT

 

THIS
SERVICES AGREEMENT (“Agreement”)
is entered into as of June 17, 2003, among Williams Petroleum Services, LLC,  a Delaware limited liability company (“WPS”),
Williams Alaska Pipeline Company, LLC, a Delaware limited liability company (“WAPC,”
and with WPS, the “Williams Contractors”),
and Williams Pipe Line Company, LLC,
a Delaware limited liability company (“Subcontractor”), sometimes referred
to collectively as “Parties” or
singularly as “Party”.

 

Recitals

 

WHEREAS, WEG
Acquisitions, L.P. (“Buyer”),
Williams Energy Services, LLC (“WES”),
Williams Natural Gas Liquids, Inc. (“WNGL”)
and Williams GP LLC (the “Old GP,”
and together with WES and WNGL, the “Selling
Parties”) have entered into that certain Purchase Agreement, dated
April 18, 2003, as amended by Amendment No. 1 thereto, dated May 5,
2003 (as so amended, the “Purchase Agreement”),
for the purchase and sale of all of (i) the membership interests of WEG GP LLC
(the “General Partner”), the
general partner of the Williams Energy Partners L.P. (the “MLP”), and (ii) the limited partner
interests in the MLP owned by the Selling Parties;

 

WHEREAS, as
contemplated in the Purchase Agreement and the Transition Services Agreement,
dated the date hereof (the “Transition
Services Agreement”), between Buyer and The Williams Companies, Inc.
(“Williams”), certain employees
of affiliates of the Selling Parties will be transferred to Buyer and/or its
designees and some of such employees participate in the operation of the
businesses and assets of the Williams Contractors or otherwise perform services
on behalf of the Williams Contractors;

 

WHEREAS, the
Williams Contractors and Subcontractor desire to enter into this Agreement
whereby, after the transfer of any of such employees, Subcontractor will
provide, or cause Buyer or one or more of the Partnership Entities to provide
and make available, such services.

 

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

 

1.                                       Definitions.

 

“Accounting
Referee” shall have the meaning set forth in Section
6(b).

 

“Buyer” shall have the
meaning set forth in the recitals to this Agreement.

 

“Claim(s)”
shall mean any and all losses, claims, demands, damages, fines, penalties,
injuries, liabilities, suits, obligations to indemnify others, judgments,
expenses or costs (including reasonable attorneys’, consultants’ and experts’
fees and other expenses incurred in the defense of any claim or lawsuit in the
enforcement of the indemnity obligation contained in Section 10).

 

“Closing Date” shall have
the meaning set forth in Section 1.1 of the Purchase Agreement.

 

“CPI” shall mean the
Consumer Price Index for all urban consumers (CPI-U) as published by the Bureau
of Labor Statistics of the Department of Labor, or any successor thereto.

 

 

“Determination Amount”
shall have the meaning set forth in Section 6(b).

 

“DOT” shall have the
meaning set forth in Section 15.

 

“G&A Employees” shall
have the meaning set forth in the Transition Services Agreement.

 

“General Partner” shall
have the meaning set forth in the recitals to this Agreement.

 

“Governmental Authority”
shall mean any court or tribunal in any jurisdiction or any federal, state,
tribal, municipal or local government or other governmental body, agency,
authority, department,
commission, board, bureau, instrumentality, arbitrator or arbitral body or any
quasi-governmental or private body lawfully exercising any regulatory or taxing
authority.

 

“Interest Rate” shall
have the meaning set forth in Section 6(b).

 

“Law” shall mean any
applicable statute, Environmental Law (as defined in the Purchase Agreement),
common law, rule, regulation, judgment, order, ordinance, writ, injunction or
decree issued or promulgated by any Governmental Authority.

 

“Longhorn” shall mean Longhorn Partners Pipeline, L.P., a Delaware
limited partnership.

 

“Longhorn
Construction Agreement” shall mean that certain Contract, dated
October 21, 1997, between Longhorn and WPS (as successor-in-interest to
Williams Pipe Line Company) for the Engineering, Design, Construction and
Start-up of Gulf Coast to El Paso Pipeline System, as amended by the First Amendment
thereto dated August 1, 1999.

 

“Longhorn
Operating Agreement” shall mean that certain Pipeline Operating
Services Agreement, dated October 21, 1997, by and between WPS (as
successor-in-interest to Williams Pipe Line Company) and Longhorn.

 

“Longhorn Pipeline System”
shall mean “System” as defined in the Longhorn Operating Agreement.

 

“MLP” shall have the
meaning set forth in the recitals to this Agreement.

 

“Monthly Invoice” shall
have the meaning set forth in Section 6(a).

 

“New Omnibus Agreement” shall
mean the Omnibus Agreement, dated the date hereof, by and among Buyer,
Williams, WES and WNGL.

 

“O&M Employees” shall
have the meaning set forth in the Transition Services Agreement.

 

“Option Payment” shall
have the meaning set forth in Section 5(a).

 

“Partnership Entities”
shall mean the General Partner, the MLP and all of the subsidiaries of  the MLP.

 

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

 

“Purchase Agreement”
shall have the meaning set forth in the recitals to this Agreement.

 

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“Services” shall have the
meaning set forth in Section 2 of this Agreement.

 

“Subcontractor Indemnified Parties”
shall have the meaning set forth in Section 10(b) of this Agreement.

 

“TAPS” shall mean the
Trans-Alaska Pipeline System.

 

“Transition Services Agreement”
shall have the meaning set forth in the recitals to this Agreement.

 

“Williams” shall have the
meaning set forth in the recitals to this Agreement.

 

“Williams Contractors”
shall have the meaning set forth in the introduction to this Agreement.

 

“Williams Indemnified Parties”
shall have the meaning set forth in Section 10(a) of this Agreement.

 

1A.                             Effectiveness. 
This Agreement shall become effective immediately after Closing (as
defined in Section 1.1 of the Purchase Agreement).

 

2.                                       Services Provided. 
Subject to Section 4 below, Subcontractor shall, or shall cause
Buyer or one or more of the Partnership Entities to, provide the services
described on Exhibit A (each service for which a specific monthly
fee is specified on Exhibit A being a “Service,”
and collectively, the “Services”)
to the Williams Contractor designated thereon (or to an affiliate of such
Williams Contractor designated in writing to Subcontractor), subject to the
terms and conditions of this Agreement. 
Subcontractor shall, or shall cause Buyer or one or more of the
Partnership Entities to, furnish all labor, tools, material, supplies,
equipment and transportation necessary to perform the Services.

 

3.                                       Compensation.  Subject
to Section 4 below, the Williams
Contractors agree to pay Subcontractor, and Subcontractor agrees to accept as
full and complete compensation for the Services performed by Subcontractor
and/or Buyer or any Partnership
Entity designated by Subcontractor, the compensation set forth under the
headings “Monthly Fee” in the attached Exhibit A.  The parties hereto acknowledge and agree
that the amounts set forth under the headings “Portion of Monthly Fee allocable
to G&A Reimbursement” in the attached Exhibit A are included only
for purposes of determining the amounts not subject to the limitations on
reimbursement for general and administrative expenses under Section 7.2(b)(iii)
of the New Omnibus Agreement.

 

4.                                       Transition Period.  The
parties hereto recognize that after the Closing Date, pursuant to the
Transition Services Agreement, affiliates of the Williams Contractors will
retain certain employees and continue to provide certain services to the
Partnership Entities (including Subcontractor).  The obligations of the parties under Sections 2 and 3
shall not become effective until the O&M Employees and/or G&A Employees
necessary to perform the Services have been transferred to Buyer (or the
Partnership Entity(ies) designated by Buyer) as provided under the Transition
Services Agreement.  If the O&M
Employees and the G&A Employees are not transferred at the same time (or if
one or more groups of G&A Employees are not transferred at the same time),
(i) Subcontractor shall have an obligation to perform, or cause to be
performed, only those Services attributable to the O&M and/or G&A
Employees transferred and (ii) the Williams Contractors shall have an obligation
only to pay for the Services attributable to, and performed by, such
transferred employees.  In any such
case, the compensation owed by the Williams Contractors for any of the services
set forth on Schedule A with respect to which a specific fee amount is
provided will be adjusted to reflect only that portion of any such service that
is

 

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provided.  Any disputes with
respect to the amount of such adjusted fee will be resolved pursuant to Section
6(b).

 

5.                                       Longhorn Option.

 

(a)                                  Subject to the conditions contained in this Section
5, Subcontractor shall have the option to have WPS assign its interests in
the Longhorn Operating Agreement to Subcontractor, or the Partnership Entity
designated by Subcontractor, upon payment to WPS of an amount equal to
$27,300,000.00 ( the “Option Payment”);
provided, however, that if any
part of the Management Fee (as defined in the Longhorn Operating Agreement) is
renegotiated prior to exercise of the option provided herein, the Option Payment
shall be the net present value (calculated using a discount rate of 15%) of the
cash flow for the Primary Term (as defined in the Longhorn Operating Agreement)
of the Longhorn Operating Agreement. 
Subcontractor shall exercise the option described in this Section
5(a) by giving written notice to WPS prior to expiration or termination of
the option as described in Section 5(b).

 

(b)                                 Notwithstanding any termination of this
Agreement under Section 12, the term of the option described in Section
5(a) shall expire upon the earlier of either nine (9) months from the
Closing Date or thirty (30) days after the Delivery Date (as defined in the
Longhorn Operating Agreement).  In
addition, the option described in Section 5(a) shall terminate
immediately upon (i) Williams’ election to sell WPS’s equity interest (or any
portion thereof) in the Longhorn Pipeline System, if such sale also requires
WPS to assign its interests in the Longhorn Operating Agreement, or (ii)
Williams’ reasonable determination that the exercise of such option would
prevent Longhorn from completing its current financial restructuring process
(in the case of this clause (ii), this determination may be made by Williams at
any time prior to and within five (5) days after Subcontractor’s delivery of
written notice exercising such option). 
Notwithstanding the foregoing provisions of this Section 5, any
exercise by Subcontractor of the option described in Section 5(a) is
also conditioned upon WPS obtaining consent from Longhorn to assign its interests
in the Longhorn Operating Agreement, which consent WPS will request immediately
upon execution of this Agreement.

 

6.                                       Billing and Payment.

 

(a)                                  On
or before the twentieth (20th) day of each month following the
Closing during the term of this Agreement, Subcontractor shall provide, or
shall cause one or more of the Partnership Entities to provide, to the Williams
Contractors a written invoice (collectively, the “Monthly Invoice”), setting out the total amount of
compensation due for Services performed in the prior month. Items properly invoiced and not
disputed in good faith by the Williams Contractors shall be due and payable
within fifteen (15) days following the date of such Monthly Invoice; provided, that the Williams Contractors
shall give written notice on or before the due date of any Monthly Invoice of
any good faith dispute of all or any portion of such Monthly Invoice, with the
particulars of such dispute, which dispute shall be resolved in the manner
provided in Section 6(b) below.

 

(b)                                 If
there is a dispute regarding the amounts shown as billed to the Williams
Contractors on any Monthly Invoice, (i) Subcontractor
shall furnish or cause to be furnished to the Williams Contractors such
additional supporting documentation to reasonably substantiate the amounts
billed and (ii) the Williams Contractors may withhold payment with respect to
all or any portion of such invoiced amounts that the Williams Contractors
believe in good faith are inaccurate or are otherwise not in accordance with
the terms of this Agreement until resolution in accordance with the procedures
set forth below in this Section 6(b); provided
that the Williams Contractors shall pay any undisputed portion of such amount
in accordance with Section 6(a).

 

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Upon delivery of such additional documentation, the parties shall
cooperate and use their reasonable efforts to resolve such dispute.  If they are unable to resolve their dispute
within twenty (20) business days of the delivery of such additional supporting
documentation by Subcontractor,
then the dispute shall be referred for resolution by a firm of independent
accountants of nationally recognized standing (the “Accounting Referee”) to be selected in the following manner:
the Williams Contractors will select three (3) candidates and deliver a written
notice containing the names of such candidates to Subcontractor, and within five (5) days of receiving such notice, Subcontractor will select one of such
three candidates to serve as the Accounting Referee.  The Accounting Referee may not be otherwise engaged by Williams
or Buyer, or their respective affiliates, in connection with the transactions
contemplated under this Agreement or the Purchase Agreement and may not have
performed any material services on behalf of Williams or Buyer, or their
respective affiliates, during the five (5) years immediately preceding the date
of this Agreement.  The Accounting
Referee shall determine the validity of the disputed amounts within thirty (30)
days of the referral of such dispute to such Accounting Referee. The
determination of the Accounting Referee shall not require the Williams
Contractors to pay more than the amount in dispute nor require Subcontractor to return any amount
previously paid by the Williams Contractors. The determination of the
Accounting Referee shall be finally binding. 
The fees and expenses of the Accounting Referee shall be borne (i) by
the Williams Contractors if the difference between the amount set forth in such
determination by the Accounting Referee (the “Determination
Amount”) and the Williams Contractors’ estimation of what the
invoice amount should have been (which the Williams Contractors shall provide
to the Accounting Referee at such time the dispute is referred to such
Accounting Referee) is greater than the difference between the Determination
Amount and the amount set forth on the Monthly Invoice, (ii) by Subcontractor if the first such
difference is less than the second such difference and (iii) otherwise equally
by the Williams Contractors and Subcontractor;
provided, if any invoice dispute
is resolved in favor of the Williams Contractors, and the Williams Contractors
have paid such amount, Subcontractor
shall offset the amount of any overpayment against future invoices to the
Williams Contractors; or, if there are no additional invoices to be paid, Subcontractor shall refund any amount
owed within fifteen (15) days of resolution of the dispute.  Such offset or refund shall be credited or
paid to the Williams Contractors together with interest at the rate per annum
equal to the rate published as the “prime rate” in The Wall Street Journal for
the first business day of the month in which such invoice is paid, plus 2%, but
in no event at any rate that is greater than the maximum interest rate allowed
by applicable Laws (such rate, the “Interest
Rate”) from the date of overpayment to Subcontractor until the date of such offset or refund. If a
dispute is resolved in favor of Subcontractor,  the Williams Contractors shall pay interest
on the undisputed amount of an invoice from the due date thereof up to and
including the date when such amount and interest thereon are paid in full, at
the Interest Rate.

 

7.                                       Confidentiality
of Information.

 

(a)                                  General.  During the term of this Agreement and for a
period of one (1) year following the termination of this Agreement, neither
Party (as defined below in this Section 7(a)) shall, directly or
indirectly, disclose to any Person any information received, obtained or
created that is not in the public domain or generally known in the industry, in
any form, whether acquired prior to or after the Closing Date, relating to the
business and operations of the other Party. 
Notwithstanding the foregoing, either Party may disclose any information
relating to the business and operations of the other Party (i) if required by
Law or applicable stock exchange rule and, (ii) to such other Persons if, at
the time such information is provided, such Person is already in the possession
of such information. For purposes of this Section 7, each of the
Williams Contractors and their affiliates, on the one hand, and Subcontractor
and its affiliates (including Buyer and the Partnership Entities), on the other
hand, shall be a “Party.”

 

(b)                                 Obligations
upon Termination.  Upon termination
of this Agreement, except as otherwise provided in this Agreement or in the
Purchase Agreement, each Party agrees to turn over to the other

 

5

 

Party or
destroy such confidential information in its possession, but only in accordance
with the instructions of the other Party; provided,
however, that each Party may maintain one archive copy of all of
such confidential information that was generated during the term of this
Agreement in a secure data storage facility.

 

8.                                       Relationships
Among the Parties.  It is the intent
of the parties that with respect to the provision of Services pursuant to this
Agreement, Subcontractor and any
Partnership Entity designated by Subcontractor
are independent contractors, with authority to control, direct and oversee
their performance of the Services, subject to the overall direction and control
of the representatives of the Williams Contractors or Williams.  Nothing in this Agreement shall cause the
relationship between Subcontractor
and the Partnership Entities, on the one hand, and the Williams Contractors, on
the other hand, to be deemed to constitute an agency, partnership or joint
venture. The terms of this Agreement are not intended to constitute a joint
employer for any purpose between any of the parties and their affiliates.  Subcontractor
shall not have, or hold itself out as having, any authority to enter into any
contract or create any obligation or liability on behalf of, in the name of, or
binding upon the Williams Contractors, except as specifically provided in this
Agreement.

 

9.                                       Representations
and Warranties.

 

(a)                                  Representations
and Warranties of Subcontractor.  As
of the date of this Agreement, Subcontractor represents and warrants as follows:

 

(i)                                     Organization.  Subcontractor
is a limited liability company duly organized, validly existing and in good
standing under the laws of the state of Delaware  and has all requisite power and authority to own its properties
and assets and to conduct its business as now conducted.

 

(ii)                                  Validity
of Agreement.  Subcontractor
has the power to enter into this Agreement and to carry out its obligations
hereunder.  The execution and delivery
of this Agreement and the performance of Subcontractor’s obligations hereunder have been duly authorized,
and no other proceedings on the part of Subcontractor
are necessary to authorize such execution, delivery and performance.  This Agreement has been duly executed by Subcontractor and constitutes the
valid and binding obligation of Subcontractor
enforceable against Subcontractor
in accordance with its terms (except to the extent that its enforceability may
be limited by applicable bankruptcy, insolvency, reorganization or other
similar law affecting the enforcement of creditors’ rights generally or by
general equitable principles).

 

(iii)                               No
Conflict or Violation; No Defaults. 
The execution, delivery and performance by Subcontractor of this Agreement does not and will not violate or
conflict with any provision of its organizational documents and does not and
will not violate any applicable provision of Law, or any order, judgment or
decree of any Governmental Authority, nor violate or result in a breach of or
constitute (with due notice or lapse of time or both) a default under any
contract, lease, loan agreement, mortgage, security agreement, trust indenture
or other agreement or instrument to which Subcontractor is a party or by which it is bound or to which
its  properties or assets is subject,
nor result in the creation or imposition of any encumbrance upon any of its
properties or assets where such violations, breaches or defaults in the
aggregate would have a material adverse effect on the transactions contemplated
hereby or on the assets, properties, business, operations, net income or
financial condition of Subcontractor.

 

(b)                                 Representations
and Warranties of the Williams Contractors.  As of the date of this Agreement, each of the Williams
Contractors represents and warrants as follows:

 

6

 

(i)                                     Corporate
Organization.  Each of the Williams
Contractors is a limited liability company duly organized, validly existing and
in good standing under the laws of the state of Delaware; and each of the
Williams Contractors has all requisite power and authority to own its
properties and assets and to conduct its business as now conducted.

 

(ii)                                  Validity
of Agreement.   Each of the Williams Contractors has the
power to enter into this Agreement and to carry out its obligations hereunder.  The execution and delivery of this Agreement
by each of the Williams Contractors and the performance of their obligations
hereunder has been duly authorized by the Williams Contractors and no other
proceedings on the part of any of the Williams Contractors are necessary to
authorize such execution, delivery and performance.  This Agreement has been duly executed by each of the Williams
Contractors and constitutes the valid and binding obligation of each Williams
Contractor enforceable in accordance with its terms against each Williams
Contractor (except to the extent that its enforceability may be limited by
applicable bankruptcy, insolvency, reorganization or other similar law
affecting the enforcement of creditors’ rights generally or by general equitable
principles).

 

(iii)                               No
Conflict or Violation; No Defaults. 
The execution, delivery and performance by each of the Williams
Contractors of this Agreement does not and will not violate or conflict with
any provision of its organizational documents and does not and will not  violate any applicable provision of Law, or
any order, judgment or decree of any Governmental Authority, nor violate or
result in a breach of or constitute (with due notice or lapse of time or both)
a default under any contract, lease, loan agreement, mortgage, security
agreement, trust indenture or other agreement or instrument to which any
Williams Contractor is a party or by which it is bound or to which any of its
properties or assets is subject, nor result in the creation or imposition of
any encumbrance upon any of its properties or assets where such violations,
breaches or defaults in the aggregate would have a material adverse effect on
the transactions contemplated hereby or on the assets, properties, business,
operations, net income or financial condition of Williams.

 

10.                                 Indemnification;
Release; Limit on Liability.

 

(a)                                  Subject
to Section 10(c), Subcontractor
shall indemnify and hold harmless Williams, each of the Williams Contractors
and each of their respective officers, directors, employees, agents and
affiliates (and the officers, directors, employees and agents of such
affiliates) (the “Williams Indemnified
Parties”) from and against any and all Claims arising out of,
relating to or resulting from Subcontractor’s,
Buyer’s or any Partnership Entity’s performance of the Services specified under
this Agreement to the extent such Claim results from Subcontractor’s, Buyer’s or such Partnership Entity’s negligence
or willful failure to perform its obligations hereunder.

 

(b)                                 The
Williams Contractors shall, jointly and severally, indemnify and hold harmless Subcontractor and, if designated by Subcontractor to provide Services
hereunder, Buyer and any Partnership Entity and each of their officers,
directors, employees, agents and affiliates, including Buyer (and the officers,
directors, employees and agents of such affiliates) (the “Subcontractor Indemnified Parties”), if Subcontractor, Buyer or any such
Partnership Entity shall at any time or from time to time be subject to any Claims
arising out of, relating to or resulting from the performance of the Services
specified under this Agreement by any party, except to the extent such Claim
results from Subcontractor’s, Buyer’s or any such Partnership Entity’s
negligence or willful failure to perform its obligations hereunder.

 

(c)                                  Notwithstanding
clause (a) of this Section 10, with respect to any Claim relating to
Services described under the caption Article II of Exhibit A (“Services
Relating to Longhorn”) that also is a “Claim” within the meaning of clauses (1)
or (2) of Section 12.1 of the Longhorn Operating Agreement

 

7

 

or the last
sentence of Section 12.2 of the Longhorn Operating Agreement, Subcontractor
shall not be required to indemnify the Williams Indemnified Parties unless, and
only to the extent that, Subcontractor would otherwise be obligated to
indemnify the Williams Indemnified Parties under clause (a) of this Section
10 and the Operator (as such term is defined in the Longhorn Operating
Agreement) is also required to indemnify one or more members of the Owner Group
(as such term is defined in the Longhorn Operating Agreement) pursuant to
Section 12 of the Longhorn Operating Agreement in connection with such Claim

 

(d)                                 Notwithstanding
anything to the contrary in this Agreement, the Williams Contractors shall not
be liable to Subcontractor, any of the Partnership Entities or Buyer, nor shall
Subcontractor, any Partnership Entity designated by Subcontractor to provide
Services hereunder or Buyer, be liable to the Williams Contractors, for any
exemplary, punitive, special, indirect, consequential, remote, or speculative
damages (including, without limitation, any damages on account of lost profits
or opportunities) resulting from or arising out of this Agreement or the
transactions contemplated hereby.

 

(e)                                  The
obligations of the parties in this Section 10 shall not limit their
respective indemnification obligations, or those of their affiliated parties,
under the Purchase Agreement.

 

11.                                 Insurance.   Subcontractor shall
obtain and maintain, or cause to be obtained and maintained, throughout the
term of this Agreement, at Subcontractor’s own expense and with nationally
reputable insurance companies and authorized to do business in the state or
states in which the Services are to be performed, insurance coverages of the
types and limits set forth in Exhibit B.  Subcontractor shall furnish the Williams Contractors with
satisfactory evidence of such insurance coverages prior to commencing the
performance of any Services.  If
applicable Law limits waiver of the right of subrogation or prohibits naming
the Williams Contractors as an “Additional Insured”, then Exhibit B
shall be deemed amended to comply with applicable Law and to provide the waiver
of subrogation or designation of Subcontractor as an Additional Insured to the
maximum limit permitted by applicable Law. 
If Subcontractor’s insurance policy is terminated or expires during the
term of this Agreement, the Williams Contractor shall have the right to
terminate this Agreement for cause and/or immediately cause Subcontractor
suspend performance of the Services.

 

12.                                 Term.  The term of this
Agreement shall extend for a period of one (1) year from the date of this
Agreement and shall be renewed for a successive one-year term each year
thereafter, unless terminated pursuant to this Section 12; provided, however, Subcontractor may
terminate this Agreement upon written notice to the Williams Contractors six
(6) months prior to the end of any annual term, and (with the exception of Section
5) the Williams Contractors may terminate this Agreement (or any one or
more Services to be provided hereunder) immediately upon providing thirty (30)
days advance written notice to Subcontractor.

 

13.                                 Severance
Costs.  In the event of the
termination by the Williams Contractors pursuant to Section 12 or
otherwise of one or more Services provided hereunder, the Williams Contractors shall be responsible for
reimbursing Subcontractor, or its designee, for the severance costs associated
with the termination by Buyer or any of the Partnership Entities of any of
their employees in connection therewith if,
at the time of such termination, any such terminated employee was performing
one of the jobs listed on Exhibit C hereto; provided, the Williams Contractors shall only be obligated
to make reimbursement for severance costs equal to the cost of those benefits
to which any such employee would be entitled under Williams’ severance programs
(as in effect at the time of any such termination), taking into account the
aggregate time of service of such terminated employee as an employee of
Williams and Subcontractor (and their respective affiliates). Notwithstanding
the foregoing provisions of this Section 13, the Williams Contractors
shall not be responsible for reimbursing Subcontractor for severance costs
associated with the termination of more than one employee performing each of
the jobs listed on Exhibit C hereto.

 

8

 

14.                                 Amendments.  This Agreement may be amended, modified or
supplemented only by a written instrument executed by the Williams Contractors
and Subcontractor. The execution of such instrument by any Partnership Entity
shall not be required.

 

15.                                 Permits and Notices. 
Unless otherwise expressly provided, Subcontractor shall secure all
permits, certificates and licenses and give all notices required under
applicable Law to perform the Services.

 

16.                                 DOT Regulations.  If Subcontractor or a Partnership Entity designated by
Subcontractor performs Services regulated by the Department of Transportation
(“DOT”), Subcontractor (and/or
any such Partnership Entity) shall comply with all requirements imposed by such
DOT regulations.  Subcontractor shall
require any subcontractors who perform Services regulated by the DOT to comply
with all DOT regulations.  Subcontractor
shall provide the Williams Contractors with a list of subcontractors performing
Services regulated by the DOT prior to commencement of such Services.

 

17.                                 Exhibits.  The Exhibits to this Agreement that are
specifically referred to herein are a part of this Agreement as if fully set
forth herein.  All references herein to
Articles, Sections, subsections, paragraphs, subparagraphs, clauses and
Exhibits shall be deemed references to such parts of this Agreement, unless the
context shall otherwise require.

 

18.                                 Notices.  All notices shall be
directed to the addresses set forth below:

 

If to the
Williams Contractors:

 

Williams Petroleum
Services, LLC

Attention: 
Mr. Tony Gehres

One Williams Center

Tulsa, OK  74172

Facsimile: (918) 573-4503

 

Williams Alaska
Pipeline Company, LLC

Attention: Mr. Tony Gehres

One Williams Center

Tulsa, OK 
74172

Facsimile: (918) 573-4503

 

(b)                                 If to the
Subcontractor:

Williams Pipe Line
Company, LLC

One Williams Center

Tulsa, Oklahoma  74172

Facsimile: (918) 573-6928

Attention: Mr. Lonny Townsend

 

19.                                 Successors
and Assigns.  This Agreement shall
inure to the benefit of, and be binding upon, the Williams Contractors and
Subcontractor and their respective successors and permitted assigns.  No party may assign or otherwise transfer
all or any of its rights, benefits or obligations hereunder without the prior
written consent of the other party, and any assignment without such consent
shall be void; provided however,
that, upon written notice to the other party but without the prior written
consent of such other party, a party may assign or otherwise transfer its
rights, benefits and obligations hereunder to another

 

9

 

person or entity in connection
with an acquisition, merger, consolidation, sale of assets or other transaction
involving such other person or entity and constituting a change of control of
such party hereto.

 

20.                                 Signatures;
Counterparts.  Facsimile
transmission of any signed original document and/or retransmission of any
signed facsimile transmission shall be the same as delivery of an
original.  At the request of the
Williams Contractors or Subcontractor, the parties will confirm facsimile
transmission by signing a duplicate original document.  This Agreement may be executed in two or
more counterparts, each of which shall be deemed an original and all of which
together shall be considered one and the same agreement.

 

21.                                 Compliance with Applicable Laws.  Subcontractor
warrants that it and any Partnership Entity that performs Services hereunder
are, and shall remain, familiar with applicable Laws and shall comply and cause
all of its employees, and those employees of any such Partnership Entity, to
comply with applicable Law throughout the term of this Agreement.

 

22.                                 Negotiated
Agreement.  This Agreement has been
negotiated by the parties and the fact that the initial and final draft will
have been prepared by any party will not give rise to any presumption for or
against any party to this Agreement or be used in any respect or forum in the
construction or interpretation of this Agreement or any of its provisions.

 

23.                                 Waiver.  No consent or waiver, express or implied, by
any party to or of any breach or default by any other party in the performance
by such other party of its obligations hereunder shall be deemed or construed
to be a consent or waiver to or of any other breach or default in the
performance of obligations hereunder by such other party hereunder.  Failure on the part of any party to complain
of any act or failure to act of any other party or to declare any other party
in default, irrespective of how long such failure continues, shall not
constitute a waiver by such first party of any of its rights hereunder.

 

24.                                 Severability.  If any term, provision, covenant or
restriction of this Agreement is held by a court of competent jurisdiction to
be invalid, void or unenforceable, each of the Williams Contractors and Subcontractor
direct that such court interpret and apply the remainder of this Agreement in
the manner that it determines most closely effectuates their intent in entering
into this Agreement, and in doing so particularly take into account the
relative importance of the term, provision, covenant or restriction being held
invalid, void or unenforceable.

 

25.                                 Headings
/ Interpretation.  The headings in
this Agreement are for reference only, and shall not affect the interpretation
of this Agreement. Whenever the words “include,” “includes,” or “including,”
are used in this Agreement, they shall be deemed to be followed by the words
“without limitation.”

 

26.                                 Third
Party Beneficiaries.  Except for
Buyer or any Partnership Entity designated by Subcontractor to perform Services
hereunder which in fact performs such Services, in which case Buyer or such
Partnership Entity is an intended third party beneficiary hereof, and except as
set forth in Sections 11 (Indemnification) and 19 (Successor and Assigns),
nothing in this Agreement is intended or shall be construed to give any person,
other than the parties hereto, their successors and permitted assigns, any
legal or equitable right, remedy or claim under or in respect of this Agreement
or any provision contained herein.

 

27.                                 Entire
Agreement.  This Agreement, together
with the exhibits attached hereto, and the provisions of the Purchase Agreement
relating hereto, represent the entire agreement and understanding of the
parties hereto and thereto with reference to the services set forth herein and
no representations or warranties have been made in connection herewith other
than those expressly set forth herein or therein.

 

10

 

This Agreement, together with
the exhibits attached hereto, and the provisions of the Purchase Agreement
relating hereto,  supersedes all prior
negotiations, discussions, correspondence, communications, understandings and
agreements between the parties relating to the subject matter hereof and all
prior drafts of such documents (including Exhibit 1.2(a)(iv)(4) to the Purchase
Agreement).  No prior drafts of such
documents and no words or phrases from any such prior drafts shall be
admissible into evidence in any action or suit involving such documents.

 

28.                                 Governing
Law. This Agreement shall be governed by and construed in accordance with
the internal and substantive laws of New York and without regard to any
conflicts of laws concepts that would apply the substantive law of some other
jurisdiction.

 

29.                                 Agreement
Binding on Entities Other Than Parties. 
Subcontractor shall use commercially reasonable efforts to cause the
Partnership Entities to be bound by the terms and conditions of this Agreement,
and Subcontractor shall be responsible for any breaches thereof by any such
Partnership Entity.  Subcontractor and
the Partnership Entities are jointly and severally liable hereunder.

 

30.                                 Press
Release.  Except as required by Law
or applicable stock exchange rules, no party hereto shall issue any press
releases relating to or arising out of the performance of this Agreement
without the prior written consent and approval of the content of such statement
by the other party (which consent shall not be unreasonably withheld).

 

31.                                 Reasonable
Cooperation.  During the term of
this Agreement, each of the parties shall reasonably cooperate with each other
to perform its obligations under this Agreement, including without limitation,
agreeing to negotiate in good faith to enter into an amendment to this
Agreement upon the written request of any party hereto.

 

11

 

IN WITNESS
WHEREOF, the parties have caused this Agreement to be executed and delivered by
their duly authorized officers as of the date first above written.

 

	
   

  	
  WILLIAMS CONTRACTORS

  
	
   

  	
   

  	
   

  
	
   

  	
  WILLIAMS PETROLEUM SERVICES, LLC

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Ralph A. Hill

  	
   

  
	
   

  	
  Name:

  	
  Ralph A. Hill

  
	
   

  	
  Title:

  	
  Authorized Signatory

  
	
   

  	
   

  	
   

  
	
   

  	
  WILLIAMS ALASKA PIPELINE COMPANY, LLC

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Ralph A. Hill

  	
   

  
	
   

  	
  Name:

  	
  Ralph A. Hill

  
	
   

  	
  Title:

  	
  Authorized Signatory

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  SUBCONTRACTOR

  
	
   

  	
   

  	
   

  
	
   

  	
  WILLIAMS PIPE LINE COMPANY, LLC

  a Delaware limited liability company

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  Williams Energy Partners L.P.,

  
	
   

  	
   

  	
  its Sole Member

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  WEG GP LLC, its General Partner

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Don R. Wellendorf

  	
   

  
	
   

  	
  Name:

  	
  Don R. Wellendorf

  
	
   

  	
  Title:

  	
  Authorized Signatory

  
									

 

12EXHIBIT
10.6

 

 

SERVICES
AGREEMENT

 

AMONG

 

WEG GP LLC

 

WILLIAMS ENERGY PARTNERS L.P.

 

AND

 

WEG ACQUISITIONS, L.P.

 

 

 

TABLE OF CONTENTS

 

	
  ARTICLE I

  
	
   

  	
   

  
	
  DEFINITIONS

  
	
   

  	
   

  
	
  Section
  1.01

  	
  Definitions

  
	
  Section 1.02

  	
  Construction

  
	
   

  	
   

  
	
  ARTICLE II

  
	
   

  	
   

  
	
  RETENTION
  OF WEG ACQUISITIONS; SCOPE OF SERVICES

  
	
   

  	
   

  
	
  Section 2.01

  	
  Retention of
  WEG Acquisitions

  
	
  Section 2.02

  	
  Scope of Services

  
	
  Section 2.03

  	
  Exclusion of
  Services

  
	
  Section
  2.04

  	
  Performance
  of Services by Affiliates

  
	
  Section
  2.05

  	
  Representations
  and Warranties of WEG Acquisitions

  
	
  Section
  2.06

  	
  Representations
  and Warranties of GP and WEG

  
	
  Section 2.07

  	
  Intellectual
  Property

  
	
   

  	
   

  
	
  ARTICLE
  III

  
	
   

  	
   

  
	
  BOOKS, RECORDS AND
  REPORTING

  
	
   

  	
   

  
	
  Section 3.01

  	
  Books and Records

  
	
  Section
  3.02

  	
  Audits

  
	
  Section
  3.03

  	
  Reports

  
	
   

  	
   

  
	
  ARTICLE IV

  
	
   

  	
   

  
	
  PAYMENT
  AMOUNT

  
	
   

  	
   

  
	
  Section 4.01

  	
  Payment Amount

  
	
  Section 4.02

  	
  Payment of
  Payment Amount

  
	
  Section 4.03

  	
  Disputed Charges

  
	
  Section
  4.04

  	
  Set Off

  
	
  Section 4.05

  	
  WEG
  Acquisition’s Employees

  
	
   

  	
   

  
	
  ARTICLE V

  
	
   

  	
   

  
	
  FORCE
  MAJEURE

  
	
   

  	
   

  
	
  Section 5.01

  	
  Force Majeure

  

 

2

 

	
  ARTICLE VI

  
	
   

  	
   

  
	
  ASSIGNMENTS AND
  SUBCONTRACTS

  
	
   

  	
   

  
	
  Section
  6.01

  	
  Assignments

  
	
  Section 6.02

  	
  Other Requirements

  
	
   

  	
   

  
	
  ARTICLE
  VII

  
	
   

  	
   

  
	
  DISPUTE RESOLUTION

  
	
   

  	
   

  
	
  Section
  7.01

  	
  Disputes

  
	
  Section
  7.02

  	
  Negotiation
  to Resolve Disputes

  
	
  Section 7.03

  	
  Selection of
  Arbitrator

  
	
  Section 7.04

  	
  Conduct of
  Arbitration

  
	
   

  	
   

  
	
  ARTICLE
  VIII

  
	
   

  	
   

  
	
  TERMINATION

  
	
   

  	
   

  
	
  Section 8.01

  	
  Termination By GP

  
	
  Section
  8.02

  	
  Termination
  by WEG Acquisitions

  
	
  Section 8.03

  	
  Effect of
  Termination

  
	
   

  	
   

  
	
  ARTICLE IX

  
	
   

  	
   

  
	
  GENERAL PROVISIONS

  
	
   

  	
   

  
	
  Section
  9.01

  	
  Notices

  
	
  Section
  9.02

  	
  Entire
  Agreement; Superseding Effect

  
	
  Section 9.03

  	
  Effect of
  Waiver or Consent

  
	
  Section 9.04

  	
  Amendment or
  Restatement

  
	
  Section
  9.05

  	
  Restriction
  on Assignment; Binding Effect

  
	
  Section 9.06

  	
  Governing Law;
  Severability

  
	
  Section 9.07

  	
  Further Assurances

  
	
  Section 9.08

  	
  Directly or
  Indirectly

  
	
  Section 9.09

  	
  Counterparts

  

 

3

 

LIST OF DEFINED TERMS

 

	
  Affiliate

  	
  1

  
	
  Agreement

  	
  1

  
	
  Arbitration Notice

  	
  10

  
	
  Arbitrator

  	
  10

  
	
  Assets

  	
  1

  
	
  Assets,

  	
  1

  
	
  Bankrupt

  	
  1

  
	
  Buyer Entity

  	
  2

  
	
  Change of Control

  	
  2

  
	
  Default Rate

  	
  2

  
	
  Dispute

  	
  10

  
	
  Effective Date

  	
  1

  
	
  Force Majeure

  	
  2

  
	
  G&A Employees

  	
  2

  
	
  General Partner
  Interest

  	
  2

  
	
  Governmental Approval

  	
  2

  
	
  Governmental Authority

  	
  2

  
	
  GP

  	
  1

  
	
  Laws

  	
  3

  
	
  New Services Agreement

  	
  3

  
	
  O&M Employees

  	
  3

  
	
  Omnibus Agreement

  	
  3

  
	
  Original Services
  Agreement

  	
  3

  
	
  Participant

  	
  10

  
	
  Participants

  	
  3

  
	
  Parties

  	
  1

  
	
  Partnership Agreement

  	
  3

  
	
  Payment Amount

  	
  7

  
	
  Person

  	
  3

  
	
  Purchase Agreement

  	
  3

  
	
  Services

  	
  5

  
	
  Transition Services
  Agreement

  	
  3

  
	
  WEG

  	
  1

  
	
  WEG Acquisitions

  	
  1

  

 

4

 

SERVICES AGREEMENT

 

This Services Agreement (this “Agreement”) is entered into as of the 17th
day of June, 2003 (the “Effective Date”),
among Williams Energy Partners L.P., a Delaware limited partnership (“WEG”), WEG GP LLC, a Delaware limited
liability company (“GP”), and WEG
Acquisitions, L.P., a Delaware limited partnership (“WEG Acquisitions”, and collectively with WEG and GP, the “Parties” and each, a “Party”).

 

RECITALS

 

A.                                   WEG
is the owner, directly or indirectly, of interests in certain pipelines and
terminals (the “Assets,” as hereinafter defined);

 

B.                                     GP,
in its capacity as the general partner of WEG, desires to engage WEG
Acquisitions, an Affiliate of GP, on its own behalf and for the benefit of WEG,
to provide the services necessary to operate the Assets in accordance with the
direction of GP; and

 

C.                                     WEG
Acquisitions is willing to undertake such engagement, subject to the terms and
conditions of this Agreement;

 

NOW, THEREFORE, WEG, GP, for itself and in its
capacity as the general partner of WEG, and WEG Acquisitions agree as follows:

 

ARTICLE I

 

DEFINITIONS

 

Section 1.01                                Definitions.  As used in this Agreement, the following
terms have the respective meanings set forth below or set forth in the Sections
referred to below:

 

“Affiliate”
shall mean with respect to any Person, any other Person that directly or
indirectly through one or more intermediaries, controls, is controlled by, or
is under common control with, such specified Person.  For purposes of this definition, “control” when used with respect
to any Person means the power to direct the management and policies of such
Person, directly or indirectly, through the ownership of voting securities, by
contract or otherwise.

 

“Agreement”
is defined in the introductory paragraph.

 

“Assets”
shall mean the assets of Williams Energy Partners L.P., Williams OLP, L.P. and
Williams Pipe Line Company, LLC and any Person controlled by any of them.

 

“Arbitration
Notice” is defined in Section 7.02(c).

 

“Arbitrator”
is defined in Section 7.03(a).

 

“Bankrupt”
with respect to any Person shall mean such Person shall generally be unable to
pay its debts as such debts become due, or shall so admit in writing or shall
make a general assignment for the benefit of creditors; or any proceeding shall
be instituted by or against such

 

 

Person seeking to adjudicate it a bankrupt or insolvent, or seeking
liquidation, winding up, reorganization, arrangement, adjustment, protection,
relief, or composition of it or its debts under any law relating to bankruptcy,
insolvency or reorganization or relief of debtors, or seeking the entry of an
order for relief or the appointment of a receiver, trustee, or other similar
official for it or for any substantial part of its property and, in the case of
any such proceeding instituted against it (but not instituted by it), shall
remain undismissed or unstayed for a period of 30 days; or such Person shall take
any action to authorize any of the actions set forth above.

 

“Buyer
Entity” shall mean WEG Acquisitions and its subsidiaries,
including GP, WEG and all of the direct and indirect subsidiaries of WEG.

 

“Change
of Control” is defined in the New Omnibus Agreement.

 

“Default
Rate” shall mean an interest rate (which shall in no event be
higher than the rate permitted by applicable law) equal to 300 basis points
over LIBOR.

 

“Dispute”
is defined in Section 7.02(a).

 

“Effective
Date” is defined in the introductory paragraph.

 

“Force
Majeure” shall mean any cause beyond the reasonable control
of a Party, including the following causes (unless they are within such Party’s
reasonable control): acts of God, strikes, lockouts, acts of the public enemy,
wars or warlike action (whether actual or impending), arrests and other
restraints of government (civil or military), blockades, embargoes,
insurrections, riots, epidemics, landslides, lightning, earthquakes, fires,
sabotage, tornadoes, named tropical storms and hurricanes, and floods, civil
disturbances, terrorism, mechanical breakdown of machinery or equipment,
explosions, confiscation or seizure by any government or other public
authority, any order of any court of competent jurisdiction, regulatory agency
or governmental body having jurisdiction.

 

“G&A
Employees” is defined in the Transition Services Agreement.

 

“General
Partner Interest” shall have the meaning set forth in Article
I of the Partnership Agreement.

 

“Governmental
Approval” shall mean any material consent, authorization,
certificate, permit, right of way grant or approval of any Governmental
Authority that is necessary for the construction, ownership and operation of
the Assets in accordance with applicable Laws.

 

“Governmental
Authority” shall mean any court or tribunal in any
jurisdiction or any federal, state, tribal, municipal or local government or
other governmental body, agency, authority, department, commission, board,
bureau, instrumentality, arbitrator or arbitral body or any quasi-governmental
or private body lawfully exercising any regulatory or taxing authority.

 

“GP”
is defined in the introductory paragraph.

 

2

 

“Laws”
shall mean any applicable statute, Environmental Law (as defined in the Purchase
Agreement), common law, rule, regulation, judgment, order, ordinance, writ,
injunction or decree issued or promulgated by any Governmental Authority.

 

“O&M
Employees” is defined in the Transition Services Agreement.

 

“New
Omnibus Agreement” shall mean that New Omnibus Agreement
dated as of June 17, 2003 among WEG Acquisitions, Williams Energy Services,
LLC, The Williams Companies, Inc., and Williams Natural Gas Liquids, Inc., as
amended from time to time.

 

“New
Services Agreement” shall mean that Services Agreement dated
as of June 17, 2003 among Williams Pipeline Services, LLC, Williams Alaska
Pipeline Company, LLC and Williams Pipe Line Company, LLC.

 

“Original
Services Agreement” shall mean that Services Agreement among
Williams GP LLC, Williams Energy Partners L.P., Williams Petroleum Services,
L.L.C. and Williams Energy Services, L.L.C.

 

“Participants”
is defined in Section 7.01.

 

“Parties”
is defined in the introductory paragraph.

 

“Partnership
Agreement” shall mean that Second Amended and Restated
Agreement of Limited Partnership of Williams Energy Partners L.P. dated as of
September 27, 2002, as amended by Amendment Nos. 1 and 2 thereto, each dated as
of November 15, 2002, as may be further amended from time to time.  \

 

“Payment
Amount” is defined in Section 4.01.

 

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

 

“Purchase
Agreement” means the Purchase Agreement, dated as of April
18, 2003, as amended on May 5, 2003, by and among Williams Energy Services,
LLC, Williams Natural Gas Liquids, Inc., Williams GP LLC and WEG Acquisitions.

 

“Services”
is defined in Section 2.02.

 

“Transition
Services Agreement” shall mean that Transition Services Agreement,
dated as of June 17, 2003, between The Williams Companies, Inc. and WEG
Acquisitions.

 

“WEG”
is defined in the introductory paragraph.

 

“WEG
Acquisitions” is defined in the introductory paragraph.

 

Other terms defined herein have the meanings so given
them.

 

Section 1.02                                Construction.  Unless the context requires otherwise:  (a) the gender (or lack of gender) of all
words used in this Agreement includes the masculine, feminine, and neuter;

 

3

 

(b) references to
Articles and Sections refer to Articles and Sections of this Agreement; (c)
references to Exhibits refer to the Exhibits attached to this Agreement, each
of which is made a part hereof for all purposes; and (d) references to money
refer to legal currency of the United States of America.

 

ARTICLE II

 

RETENTION OF WEG ACQUISITIONS; SCOPE OF SERVICES

 

Section 2.01                                Retention of WEG Acquisitions.

 

(a)                                  GP,
on its own behalf and for the benefit of WEG, hereby engages WEG Acquisitions
to perform the Services (as defined below) and to provide all employees and any
facilities and equipment not otherwise provided by WEG necessary to perform the
Services.  WEG Acquisitions hereby
accepts such engagement and agrees to perform the Services as directed and in
the manner specified by GP and to provide any facilities and equipment not
otherwise provided by WEG, and to provide all employees necessary to perform
the Services.  Notwithstanding anything
to the contrary in this Agreement, WEG Acquisitions shall in no event be
obligated to perform any Services or provide any facilities or equipment until
the applicable O&M Employees or G&A Employees who perform the
applicable Services have been transferred to a Buyer Entity by The Williams
Companies, Inc. pursuant to the Transition Services Agreement.

 

4

 

Section 2.02                                Scope of Services. 
The “Services” shall
consist of any services necessary to operate the Assets and to conduct the
business associated with the Assets, including, without limitation, those
services described on Exhibit 1 hereto. 
The Services shall be provided as directed and in the manner specified
by the officers of GP, and the scope of the Services shall be provided consistent
with the Services provided under the Original Services Agreement immediately
prior to the date hereof, unless agreed otherwise by GP and WEG
Acquisitions.  WEG Acquisitions hereby
covenants and agrees that the Services will be performed (i) in accordance with
applicable material Governmental Approvals and Laws and (ii) in accordance with
industry standards.

 

Section 2.03                                Exclusion of Services.  At any time, either GP or WEG Acquisitions
may temporarily or permanently exclude any particular service from the scope of
the Services upon 90 days notice to the other Party.  GP may permanently exclude services from the scope of Services
related to Williams Ammonia Pipeline, L.P. upon reasonable notice to WEG
Acquisitions.

 

Section 2.04                                Performance of Services by Affiliates.  The Parties hereby agree that in discharging
its obligations hereunder, WEG Acquisitions may engage any of its Affiliates to
perform the Services (or any part of the Services) on its behalf and that the
performance of the Services (or any part of the Services) by any such Affiliate
shall be treated as if WEG Acquisitions performed such Services itself.  Notwithstanding the foregoing, nothing
contained herein shall relieve WEG Acquisitions of its obligations hereunder.

 

Section 2.05                                Representations and Warranties of WEG Acquisitions.  WEG Acquisitions hereby represents, warrants
and covenants to WEG and to GP that the following statements are true and
correct as of the date hereof:

 

(a)                                  WEG
Acquisitions is duly organized, validly existing, and in good standing under
the laws of the State of Delaware; WEG Acquisitions is duly qualified and in
good standing in the States required in order to perform the Services except
where failure to be so qualified or in good standing could not reasonably be
expected to have a material adverse impact on GP or WEG; and WEG Acquisitions
has full power and authority to execute and deliver this Agreement and to
perform its obligations hereunder;

 

(b)                                 WEG
Acquisitions has duly executed and delivered this Agreement, and this Agreement
constitutes the legal, valid and binding obligation of WEG Acquisitions,
enforceable against it in accordance with its terms (except as may be limited
by bankruptcy, insolvency or similar laws of general application and by the
effect of general principles of equity, regardless of whether considered at law
or in equity); and

 

(c)                                  The
authorization, execution, delivery, and performance of this Agreement by WEG
Acquisitions does not and will not (i) conflict with, or result in a breach,
default or violation of, (A) its certificate of limited partnership or the
Partnership Agreement, (B) any contract or agreement to which it is a party or
is otherwise subject, or (C) any law, order, judgment, decree, writ, injunction
or arbitral award to which it is subject; or (ii) require any consent, approval
or authorization from, filing or registration with, or notice to, any
governmental authority or other Person, unless such requirement has already
been satisfied,

 

5

 

except, in the case of clause (i)(B) and (i)(C), for
such conflicts, breaches, defaults or violations that would not have a material
adverse effect on WEG Acquisitions or on its ability to perform its obligations
hereunder, and except, in the case of clause (ii), for such consents,
approvals, authorizations, filings, registrations or notice, the failure of
which to obtain or make would not have a material adverse effect on WEG
Acquisitions or on its ability to perform its obligations hereunder.

 

Section 2.06                                Representations and Warranties of GP and WEG.  Each of GP and WEG hereby represents,
warrants and covenants to WEG Acquisitions that the following statements are
true and correct as of the date hereof:

 

(a)                                  Each
of GP and WEG is duly organized, validly existing, and in good standing under
the laws of the jurisdiction of its formation; each of GP and WEG has full
power and authority to execute and deliver this Agreement and to perform its
obligations hereunder;

 

(b)                                 Each
of GP and WEG has duly executed and delivered this Agreement, and this
Agreement constitutes the legal, valid and binding obligation of each such
Person enforceable against it in accordance with its terms (except as may be
limited by bankruptcy, insolvency or similar laws of general application and by
the effect of general principles of equity, regardless of whether considered at
law or in equity);

 

(c)                                  The
authorization, execution, delivery, and performance of this Agreement by each
of GP and WEG does not and will not (i) conflict with, or result in a breach,
default or violation of, (A) the organizational documents of such Person, (B)
any contract or agreement to which such Person is a party or is otherwise
subject, or (C) any law, order, judgment, decree, writ, injunction or arbitral
award to which such Person is subject; or (ii) require any consent, approval or
authorization from, filing or registration with, or notice to, any governmental
authority or other Person, unless such requirement has already been satisfied,
except, in the case of clause (i)(B) and (i)(C), for such conflicts, breaches,
defaults or violations that would not have a material adverse effect on GP or
WEG or on their ability to perform their obligations hereunder, and except, in
the case of clause (ii), for such consents, approvals, authorizations, filings,
registrations or notice, the failure of which to obtain or make would not have
a material adverse effect on GP or WEG or on their ability to perform their
obligations hereunder.

 

Section 2.07                                Intellectual Property.

 

(a)                                  Any
(i) inventions, whether patentable or not, developed or invented, or (ii)
copyrightable material (and the intangible rights of copyright therein)
developed, by WEG Acquisitions, its Affiliates or its or their employees in
connection with the performance of the Services shall be the property of WEG
Acquisitions; provided, however,
that WEG shall be granted an irrevocable, royalty-free, non-exclusive and
non-transferable right and license to use such inventions or material; and
further provided, however, that
WEG shall only be granted such a right and license to the extent such grant
does not conflict with, or result in a breach, default, or violation of a right
or license to use such inventions or material granted to WEG Acquisitions by
any Person other than an Affiliate of WEG Acquisitions.  Notwithstanding the foregoing, WEG
Acquisitions will use all commercially reasonable efforts to grant such right
and license to WEG.

 

6

 

(b)                                 WEG
hereby grants to WEG Acquisitions and its Affiliates an irrevocable,
royalty-free, non-exclusive and non-transferable right and license to use,
during the term of this Agreement, any intellectual property provided by WEG to
WEG Acquisitions or its Affiliates, but only to the extent such use is necessary
for the performance of the Services. 
WEG Acquisitions agrees that it and its Affiliates will utilize such
intellectual property solely in connection with the performance of the
Services.

 

ARTICLE III

 

BOOKS, RECORDS AND REPORTING

 

Section 3.01                                Books and Records.  WEG Acquisitions shall maintain accurate
books and records regarding the performance of the Services and its calculation
of the Payment Amount, and shall maintain such books and records for the period
required by applicable accounting practices or law.

 

Section 3.02                                Audits.  GP shall have the right, upon reasonable notice, and at all
reasonable times during usual business hours, to audit, examine and make copies
of the books and records referred to in Section 3.01.  Such right may be exercised through any agent or employee of GP
designated in writing by it or by an independent public accountant, engineer,
attorney or other agent so designated. 
GP shall bear all costs and expenses incurred in any inspection,
examination or audit.  WEG Acquisitions
shall review and respond in a timely manner to any claims or inquiries made by
the GP regarding matters revealed by any such inspection, examination or audit.

 

Section 3.03                                Reports.  WEG Acquisitions shall prepare and deliver to the GP any reports
provided for in this Agreement and such other reports as the GP may reasonably
request from time to time regarding the performance of the Services.

 

ARTICLE IV

 

PAYMENT
AMOUNT

 

Section 4.01                                Payment Amount.  GP shall pay, or cause WEG to pay, WEG
Acquisitions for the amount of any direct or indirect expenses incurred by WEG
Acquisitions in connection with its or its Affiliates performance of the
Services (the “Payment Amount”),
it being understood and agreed that nothing in this Section 4.01 shall be
deemed to amend or modify the provisions of the New Omnibus Agreement or the
Purchase Agreement.

 

Section 4.02                                Payment of Payment Amount. 
GP shall pay, or cause WEG to pay, to WEG Acquisitions in immediately
available funds, the full Payment Amount due under Section 4.01.

 

Section 4.03                                Disputed Charges.  GP MAY, WITHIN 90 DAYS AFTER RECEIPT OF A
CHARGE FROM WEG ACQUISITIONS, TAKE WRITTEN EXCEPTION TO SUCH CHARGE, ON THE
GROUND THAT THE SAME WAS NOT A REASONABLE COST INCURRED BY WEG ACQUISITIONS OR
ITS AFFILIATES IN CONNECTION WITH THE SERVICES. GP SHALL NEVERTHELESS PAY IN
FULL WHEN DUE THE FULL

 

7

 

PAYMENT AMOUNT OWED TO
WEG ACQUISITIONS. SUCH PAYMENT SHALL NOT BE DEEMED A WAIVER OF THE RIGHT OF GP
TO RECOUP ANY CONTESTED PORTION OF ANY AMOUNT SO PAID. HOWEVER, IF THE AMOUNT
AS TO WHICH SUCH WRITTEN EXCEPTION IS TAKEN, OR ANY PART THEREOF, IS ULTIMATELY
DETERMINED IN ACCORDANCE WITH ARTICLE VII NOT TO BE A REASONABLE COST INCURRED
BY WEG ACQUISITIONS OR ITS AFFILIATES IN CONNECTION WITH ITS PROVIDING THE
SERVICES HEREUNDER, SUCH AMOUNT OR PORTION THEREOF (AS THE CASE MAY BE) SHALL
BE REFUNDED BY WEG ACQUISITIONS TO GP TOGETHER WITH INTEREST THEREON AT THE
DEFAULT RATE DURING THE PERIOD FROM THE DATE OF PAYMENT BY GP TO THE DATE OF
REFUND BY WEG ACQUISITIONS.

 

Section 4.04           Set Off.  In the event that WEG Acquisitions owes GP a
sum certain in an uncontested amount under any other agreement, then any such
amounts shall be aggregated and the GP and WEG Acquisitions shall discharge
their obligations by netting those amounts against any amounts owed by GP to
WEG Acquisitions under this Agreement. 
If GP or WEG Acquisitions owes the other party a greater aggregate
amount, that party shall pay to the other party the difference between the
amounts owed.

 

Section 4.05                                WEG Acquisition’s Employees.  The obligations under Sections 4.01 and 4.02
shall be limited to payment of WEG Acquisitions or its Affiliates for expenses
in connection with its employees engaged in the provision of Services
hereunder, and GP shall not be obligated to pay to WEG Acquisitions’ employees
directly any compensation, salaries, wages, bonuses, benefits, social security
taxes, workers’ compensation insurance, retirement and insurance benefits,
training and other such expenses.

 

ARTICLE V

 

FORCE
MAJEURE

 

Section 5.01                                Force Majeure.  A Party’s obligation under this Agreement
shall be excused when and to the extent its performance of that obligation is
prevented due to Force Majeure; provided,
however, that a Party shall not be excused by Force Majeure from any
obligation to pay money.  The Party that
is prevented from performing its obligation by reason of Force Majeure shall
promptly notify the other Parties of that fact and shall exercise due diligence
to end its inability to perform as promptly as practicable.  Notwithstanding the foregoing, a Party is
not required to settle any strike, lockout or other labor dispute in which it
may be involved; provided, however,
that, in the event of a strike, lockout or other labor dispute affecting WEG
Acquisitions, WEG Acquisitions shall use reasonable efforts to continue to
perform all obligations hereunder by utilizing its management personnel and
that of its Affiliates.

 

8

 

ARTICLE VI

 

ASSIGNMENTS
AND SUBCONTRACTS

 

Section 6.01                                Assignments.

 

(a)                                  Without
the prior consent of WEG Acquisitions, neither WEG nor GP may sell, assign,
transfer or convey any of its rights, or delegate any of its obligations, under
this Agreement to any Person; provided,
however, GP may assign its rights and delegate its obligations under
this Agreement to a transferee of its General Partner Interest pursuant to
Section 4.6(a)(ii)(A) of the Partnership Agreement.

 

(b)                                 Without
the prior consent of GP, WEG Acquisitions may not sell, assign, transfer or
convey any of its rights, or delegate any of its obligations, under this
Agreement to any Person, other than the delegation of performance of Services
to an Affiliate of WEG Acquisitions as permitted by Section 2.04 and the sale,
assignment, transfer or conveyance of its rights hereunder to any such
Affiliate.

 

Section 6.02                                Other Requirements. 
Subject to the other provisions hereof:

 

(a)                                  All
materials and workmanship used or provided in performing the Services shall be
in accordance with applicable drawings, specifications, and standards.

 

(b)                                 WEG
Acquisitions shall exercise reasonable diligence to obtain the most favorable
terms or warranties available from vendors, suppliers and other third parties,
and where appropriate, WEG Acquisitions shall assign such warranties to WEG.

 

(c)                                  In
rendering the Services, WEG Acquisitions shall not discriminate against any
employee or applicant for employment because of race, creed, color, religion,
sex, national origin, age or handicap, and shall comply with all applicable
provisions of Executive Order 11246 of September 24, 1965, and any successor
order thereto.  Subject to the above,
WEG Acquisitions shall, to the extent practicable, engage employees who reside
in or whose businesses are located in the local area or state where the
Services are performed.

 

(d)                                 WEG
Acquisitions covenants and agrees to exercise reasonable diligence to ensure
that, during the term of this Agreement, it shall not employ unauthorized
aliens as defined in the Immigration Reform and Control Act of 1986, or any
successor law.

 

9

 

ARTICLE VII

 

DISPUTE
RESOLUTION

 

Section 7.01                                Disputes.  This Article VII shall apply to any dispute arising under or
related to this Agreement (whether arising in contract, tort or otherwise, and
whether arising at law or in equity), including (a) any dispute regarding the
construction, interpretation, performance, validity or enforceability of any
provision of this Agreement or whether any Person is in compliance with, or
breach of, any provisions of this Agreement, and (b) the applicability of this
Article VII to a particular dispute (collectively, a “Dispute”). The provisions of this Article VII shall be the
exclusive method of resolving Disputes. 
For purposes of this Article, each of WEG Acquisitions and GP, acting
for itself and on behalf of WEG, shall be a “Participant”.

 

Section 7.02                                Negotiation to Resolve Disputes.  If a Dispute arises, the Participants shall
attempt to resolve such Dispute through the following procedure:

 

(a)                                  first,
an executive officer of WEG Acquisitions, and an executive officer of GP shall
promptly meet (whether by phone or in person) in a good faith attempt to
resolve the Dispute;

 

(b)                                 second,
if the Dispute is still unresolved after 20 days following the commencement of
the negotiations described in Section 7.02(a), then the chief executive
officers of WEG Acquisitions and GP will promptly meet (whether by phone or in
person) in a good faith attempt to resolve the Dispute; and

 

(c)                                  third,
if the Dispute is still unresolved after 10 days following the commencement of
the negotiations described in Section 7.02(b), then any Participant may submit
such Dispute to binding arbitration under this Article VII by notifying the
other Participants (an “Arbitration Notice”).

 

Section 7.03                                Selection of Arbitrator.

 

(a)                                  Any
arbitration conducted under this Article VII shall be heard by a sole
arbitrator (the “Arbitrator”)
selected in accordance with this Section 7.03. 
Each Participant and each proposed Arbitrator shall disclose to the
other Participants any business, personal or other relationship or affiliation
that may exist between such Participant and such proposed Arbitrator, and any
Participant may disapprove of such proposed Arbitrator on the basis of such
relationship or affiliation.

 

(b)                                 The
Participant that submits a Dispute to arbitration shall designate a proposed
Arbitrator in its Arbitration Notice. 
If any other Participant objects to such proposed Arbitrator, it may, on
or before the tenth day following delivery of the Arbitration Notice, notify
the other Participants of such objection. 
The Participants shall attempt to agree upon a mutually-acceptable Arbitrator.  If they are unable to do so within 20 days
following delivery of the notice described in the immediately-preceding
sentence, any Participant may request the American Arbitration Association
(“AAA”) to designate the Arbitrator.  If
the Arbitrator so chosen shall die, resign or otherwise fail or becomes unable
to serve as Arbitrator, a replacement Arbitrator shall be chosen in accordance
with this Section 7.03.

 

10

 

Section 7.04                                Conduct of Arbitration.  The Arbitrator shall expeditiously (and, if
possible, within 90 days after the Arbitrator’s selection) hear and decide all
matters concerning the Dispute.  Except
as the Participants agree otherwise, the arbitration hearing shall be held in
the City of Tulsa, Oklahoma.  Except as
the Participants agree otherwise, the arbitration shall be conducted in
accordance with the then-current Commercial Arbitration Rules of the AAA
(excluding rules governing the payment of arbitration, administrative or other
fees or expenses to the Arbitrator or the AAA), to the extent that such rules
do not conflict with the terms of this Agreement.  Except as expressly provided to the contrary in this Agreement,
the Arbitrator shall have the power (a) to gather such materials, information,
testimony and evidence in the manner as it deems appropriate and relevant to
the dispute before it (and each Participant will provide such materials,
information, testimony and evidence requested by the Arbitrator, except to the
extent any information so requested is proprietary, subject to a third-party
confidentiality restriction or to an attorney-client or other privilege) and
(b) to grant injunctive relief and enforce specific performance.  If it deems necessary, the Arbitrator may
propose to the Participants that one or more other experts be retained to
assist it in resolving the Dispute.  The
retention of such other experts shall require the unanimous consent of the
Participants, which shall not be unreasonably withheld.  Each Participant, the Arbitrator and any
proposed expert shall disclose to each other any business, personal or other
relationship or affiliation that may exist between such Participant (or the
Arbitrator) and such proposed expert; and any Participant may disapprove of
such proposed expert on the basis of such relationship or affiliation.  The decision of the Arbitrator (which shall
be rendered in writing) shall be final, nonappealable and binding upon the
Participants and may be enforced in any court of competent jurisdiction;
provided that the Participants agree that the Arbitrator and any court
enforcing the award of the Arbitrator shall not have the right or authority to
award, special, punitive, exemplary, consequential, indirect or other similar
damages (including without limitation damages on account of lost profits or
opportunities) to any Participant.  The
responsibility for paying the costs and expenses of the arbitration, including
compensation to the Arbitrator and any experts duly retained by the Arbitrator,
shall be allocated between the Participants in a manner determined by the
Arbitrator to be fair and reasonable under the circumstances.  Each Participant shall be responsible for
the fees and expenses of its respective counsel, consultants and witnesses,
unless the Arbitrator determines that compelling reasons exist for allocating
all or a portion of such costs and expenses in another manner.  Any costs or expenses incurred by a
Participant(s) in enforcing any Award of the Arbitrator shall be borne by the
Participant challenging the enforcement.

 

ARTICLE
VIII

 

TERMINATION

 

Section 8.01                                Termination By GP.

 

(a)                                  Upon
the occurrence of any of the following events, GP may terminate this Agreement
by giving written notice of such termination to WEG Acquisitions:

 

(i)                                WEG
Acquisitions becomes Bankrupt;

 

(ii)                             WEG
Acquisitions dissolves and commences liquidation or winding-up; or

 

11

 

(iii)                          there occurs a Change of
Control of GP.

 

Any termination under
this Section 8.01(a) shall become effective immediately upon delivery of the
notice first described in this Section 8.01(a), or such later time (not to
exceed the first anniversary of the delivery of such notice) as may be
specified by GP.

 

(b)                                 In
addition to its rights under Section 8.01(a), GP may terminate this Agreement
at any time by giving notice of such termination to WEG Acquisitions.  Any termination under this Section 8.01(b)
shall become effective 90 days after delivery of such notice, or such later
time (not to exceed the first anniversary of the delivery of such notice) as
may be specified by GP.

 

Section 8.02                                Termination by WEG Acquisitions.

 

(a)                                  WEG
Acquisitions may terminate this Agreement by giving written notice of such
termination to GP upon the occurrence of a Change of Control of GP.

 

Any termination under
this Section 8.02(a) shall become effective immediately upon delivery of the
notice first described in this Section 8.02(a).

 

(b)                                 In
addition to its rights under Section 8.02(a), WEG Acquisitions may terminate
this Agreement at any time by giving notice of such termination to GP. Any
termination under this Section 8.02(b) shall become effective 90 days after
delivery of such notice, or such later time (not to exceed the first
anniversary of the delivery of such notice) as may be specified by WEG Acquisitions; provided however, that for any such
services being provided to Williams Pipeline Company LLC pursuant to the New
Services Agreement no termination will be effective until the obligation to
provide such services to Williams Pipeline Company, LLC also expires or
terminates under the New Services Agreement.

 

Section 8.03                                Effect of Termination. 
If this Agreement is terminated in accordance with Section 8.01 or 8.02,
all rights and obligations under this Agreement shall cease except for (a)
obligations that expressly survive termination of this Agreement; (b)
liabilities and obligations that have accrued prior to such termination,
including the obligation to pay any amounts that have become due and payable
prior to such termination, and (c) the obligation to pay any portion of the
Payment Amount that has accrued prior to such termination, even if such portion
has not become due and payable at that time.

 

ARTICLE IX

 

GENERAL
PROVISIONS

 

Section 9.01                                Notices.  Except as expressly set forth to the contrary in this Agreement,
all notices, requests or consents provided for or permitted to be given under
this Agreement must be in writing and must be delivered to the recipient in
person, by courier or mail or by facsimile, telegram, telex, cablegram or
similar transmission; and a notice, request or consent given under this
Agreement is effective on receipt by the Party to receive it; provided, however, that a facsimile or
other electronic transmission that is transmitted after the normal business
hours of the recipient shall be deemed effective on the next business day.  All notices, requests and 

12

 

consents to be sent to Williams must be sent to or made at the address
given below for Williams, or such other address as Williams may specify by
notice to WEG and GP.  All notices,
requests and consents to be sent to WEG must be sent to GP.  All notices, requests and consents
(including copies thereof) to be sent to GP must be sent to or made at the
address given below for GP. 

 

	
  Address
  for Notices:

  	
  GP /
  WEG:

  	
  WEG
  Acquisitions:

  
	
   

  	
   

  	
   

  
	
   

  	
  WEG GP LLC

  One Williams Center

  Tulsa, Oklahoma  74172

  Attention:  Mr. Tony Gehres

  Facsimile:  (918) 573-4503

  	
  WEG Acquisitions, L.P.

  c/o WEG GP LLC

  One Williams Center

  Tulsa, Oklahoma 74172

  Attention:  Mr. Lonny Townsend

  Facsimile:  (918) 573-6928

  

 

Section 9.02                                Entire Agreement; Superseding Effect. 
This Agreement constitutes the entire agreement of the Parties relating
to the matters contained herein, superseding all prior contracts or agreements,
whether oral or written, relating to the matters contained herein.

 

Section 9.03                                Effect of Waiver or Consent.  Except as otherwise provided in this Agreement, a waiver or
consent, express or implied, to or of any breach or default by any Party in the
performance by that Party of its obligations under this Agreement is not a
consent or waiver to or of any other breach or default in the performance by
that Party of the same or any other obligations of that Party under this
Agreement.  Except as otherwise provided
in this Agreement, failure on the part of a Party to complain of any act of
another Party or to declare another Party in default under this Agreement,
irrespective of how long that failure continues, does not constitute a waiver
by that Party of its rights with respect to that default until the applicable
statute-of-limitations period has run.

 

Section 9.04                                Amendment or Restatement.  This Agreement may be amended or restated
only by a written instrument executed by each of the Parties.

 

Section 9.05                                Restriction on Assignment; Binding Effect.  This Agreement is binding on and shall inure
to the benefit of the Parties and their respective successors and permitted
assigns.

 

Section 9.06                                Governing Law; Severability.  THIS AGREEMENT IS GOVERNED BY AND SHALL BE
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, EXCLUDING ANY CONFLICT-OF-LAWS RULE OR PRINCIPLE THAT
MIGHT REFER THE CONSTRUCTION OR THE INTERPRETATION OF THIS AGREEMENT TO THE LAW
OF ANOTHER JURISDICTION.  If any
provision of this Agreement or the application thereof to any Person or any
circumstance is held invalid or unenforceable to any extent, the remainder of
this Agreement and the application of such provision to other Persons or
circumstances shall not be affected thereby and shall be enforced to the
greatest extent permitted by law.

 

Section 9.07                                Further Assurances. 
In connection with this Agreement and the transactions contemplated
hereby, each Party shall execute and deliver any additional documents

 

13

 

and instruments and
perform any additional acts that may be reasonably necessary or appropriate to
effectuate and perform the provisions of this Agreement and those transactions.

 

Section 9.08                                Directly or Indirectly. 
Where any provision of this Agreement refers to action to be taken by
any Party, or which such Party is prohibited from taking, such provision shall
be applicable whether such action is taken directly or indirectly by such
Party, including actions taken by or on behalf of any Affiliate of such Party.

 

Section 9.09                                Counterparts.  This Agreement may be executed in counterparts with the same
effect as if each signing party had signed the same document.  All counterparts shall be construed together
and shall constitute one and the same instrument.

 

14

 

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

 

	
   

  	
  WEG GP LLC

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Don R. Wellendorf

  
	
   

  	
   

  	
  Name:

  	
  Don R. Wellendorf

  
	
   

  	
   

  	
  Title:

  	
  Authorized Signatory

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  WILLIAMS ENERGY
  PARTNERS L.P.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  WEG GP LLC, its General
  Partner

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Don R. Wellendorf

  
	
   

  	
   

  	
   

  	
  Name:

  	
  Don R. Wellendorf

  
	
   

  	
   

  	
   

  	
  Title:

  	
  Authorized Signatory

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  WEG ACQUISITIONS, L.P.

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  WEG ACQUISITION
  MANAGEMENT LLC,

  its General Partner

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Pierre F. Lapeyre,
  Jr.

  
	
   

  	
   

  	
   

  	
  Name:

  	
  Pierre F. Lapeyre, Jr.

  
	
   

  	
   

  	
   

  	
  Title:

  	
  Authorized Signatory

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Justin S. Huscher

  
	
   

  	
   

  	
   

  	
  Name:

  	
  Justin S. Huscher

  
	
   

  	
   

  	
   

  	
  Title:

  	
  Authorized Signatory

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