Document:

Amended and Restated Bylaws of The Gap, Inc.

Exhibit 4.4 
 
 
AMENDED AND RESTATED BYLAWS

OF 
THE GAP, INC. 
(Effective January 28, 2003) 
 
 
ARTICLE I 
OFFICES 
 
Section 1. Registered Office. 
 
The registered office of the Corporation in the State of Delaware shall be in the City of Wilmington, County
of New Castle, State of Delaware. 
 
Section 2. Other Offices. 
 
The Corporation also may have offices at such other places both within and outside the State of Delaware as the Board of Directors may from time to time determine or the business of the Corporation may require. 
 
ARTICLE II 
STOCKHOLDERS 
 
Section 1. Stockholders’ Meetings. 
 
(a) Time and Place of Meetings. Meetings of the stockholders shall be held at such times and places,
either within or outside the State of Delaware, as may from time to time be fixed by the Board of Directors and stated in the notices or waivers of notice of such meetings. 
 
(b) Annual Meeting. The annual meeting of the stockholders shall be held on such date and at such time
as may be designated by the Board of Directors, for the election of directors and the transaction of such other business properly brought before such annual meeting of the stockholders in accordance with these Bylaws (as they may be amended from
time to time, these “Bylaws”) and within the powers of the stockholders. 
 
(c) Special Meetings. Special meetings of the stockholders of the Corporation for any purpose or purposes may be called only (i) by the Board of Directors pursuant to a resolution adopted by a
majority of the total number of authorized directors constituting the whole Board of Directors or (ii) at the request in writing of stockholders owning not less than 10% of the voting power of the Corporation. Such resolution or request in writing
shall state the purpose or purposes of the proposed meeting. Business transacted at any special meeting of the stockholders shall be limited to the purposes stated in the notice of such meeting. 
 
(d) Notice of Meetings. Except as otherwise provided by
law, the Certificate of Incorporation of the Corporation (as it may be amended from time to time, the “Certificate of 

 
Incorporation”) or these
Bylaws, written notice of each meeting of the stockholders shall be given not less than ten (10) days nor more than sixty (60) days before the date of such meeting to each stockholder entitled to vote thereat, directed to such stockholder’s
address as it appears upon the books of the Corporation, such notice to specify the place, date, hour and purpose or purposes of such meeting. When a meeting of the stockholders is adjourned to another time and/or place, notice need not be given of
such adjourned meeting if the time and place thereof are announced at the meeting of the stockholders at which the adjournment is taken, unless the adjournment is for more than thirty (30) days or unless after the adjournment a new record date is
fixed for such adjourned meeting, in which event a notice of such adjourned meeting shall be given to each stockholder of record entitled to vote thereat. Notice of the time, place and purpose of any meeting of the stockholders may be waived in
writing either before or after such meeting and will be waived by any stockholder by such stockholder’s attendance thereat in person or by proxy. Any stockholder so waiving notice of such a meeting shall be bound by the proceedings of any such
meeting in all respects as if due notice thereof had been given. 
 
(e) Quorum. Except as otherwise required by law, the Certificate of Incorporation or these Bylaws, the holders of not less than a majority of the shares entitled to vote at any meeting of the stockholders, present in person or
by proxy, shall constitute a quorum. If a quorum is present at any meeting, the affirmative vote of the holders of a majority of the shares entitled to vote at such meeting on the subject matter and present thereat in person or by proxy shall be
deemed the act of the stockholders. If a quorum shall fail to attend any meeting of the stockholders, the presiding officer of such meeting may adjourn such meeting from time to time to another place, date or time, without notice other than
announcement at such meeting, until a quorum is present or represented. At such adjourned meeting at which a quorum is present or represented, any business may be transacted that might have been transacted at the meeting of the stockholders as
originally noticed. The foregoing notwithstanding, if a notice of any adjourned special meeting of the stockholders is sent to all stockholders entitled to vote thereat which states that such adjourned special meeting will be held with those present
in person or by proxy constituting a quorum, then, except as otherwise required by law, those present at such adjourned special meeting of the stockholders shall constitute a quorum and all matters shall be determined by a majority of the votes cast
at such special meeting. 
 
Section 2. Determination of
Stockholders Entitled to Notice and to Vote. 
 
To determine the stockholders entitled to notice of any meeting of the stockholders or to vote thereat, the Board of Directors may fix in advance a record date as provided in Article VII, Section 1 of these Bylaws, or if no record
date is fixed by the Board of Directors, a record date shall be determined as provided by law. 
 
Section 3. Voting. 
 
(a) Except as otherwise required by law, the Certificate of Incorporation or these Bylaws, each stockholder present in person or by proxy at a meeting of the stockholders shall be entitled to one vote for each full share of
stock registered in the name of such stockholder at the time fixed by the Board of Directors or by law as the record date for the determination of stockholders entitled to vote at such meeting. 
 

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(b) Every
stockholder entitled to vote at a meeting of the stockholders may do so either in person or by one or more agents authorized by a written proxy executed by the person or such stockholder’s duly authorized agent whether by manual signature,
typewriting, telegraphic transmission, facsimile signature or otherwise. 
 
(c) Voting may be by voice or by ballot as the presiding officer of the meeting of the stockholders shall determine. On a vote by ballot, each ballot shall be signed by the stockholder voting, or by such stockholder’s
proxy, and shall state the number of shares voted. 
 
(d) In advance of any meeting of the stockholders, the Board of Directors shall appoint one or more persons as inspectors of election (“Inspectors”) to act at such meeting and make a written report thereof. If Inspectors
are not so appointed, or if an appointed Inspector fails to appear or fails or refuses to act at a meeting of the stockholders, the presiding officer of any such meeting may, and on the request of any stockholder or such stockholder’s proxy
shall, appoint Inspectors at such meeting. Each Inspector, before entering upon the discharge of the duties of Inspector, shall take and sign an oath faithfully to execute the duties of Inspector with strict impartiality and according to the best of
such Inspector’s ability. Such Inspectors shall take charge of the ballots at such meeting. Also, such Inspectors shall (A) ascertain the number of shares outstanding and the voting power of each; (B) determine the shares represented at such
meeting and the validity of proxies and ballots; (C) count all votes and ballots; (D) determine and retain for a reasonable period a record of the disposition of any challenges made to any determination by the Inspectors; and (E) certify their
determination of the number of shares represented at such meeting, and their count of all votes and ballots. The Inspectors may appoint or retain other persons or entities to assist the Inspectors in the performance of the duties of the Inspectors.
An Inspector need not be a stockholder of the Corporation and any officer, employee, or agent of the Corporation may be an Inspector on any question other than a vote for or against such person’s election to any position with the Corporation or
on any other questions in which such officer, employee, or agent may be directly interested. If there are three Inspectors, the determination, report or certificate of two such Inspectors shall be effective as if unanimously made by all Inspectors.

 
(e) The date and time of the opening and the
closing of the polls for each matter upon which the stockholders will vote at a meeting of stockholders shall be announced at the meeting. No ballot, proxies or votes, nor any revocation thereof or changes thereto, shall be accepted by the
Inspectors after the closing of the polls unless the Delaware Court of Chancery upon application by a stockholder shall determine otherwise. 
 
Section 4. List of Stockholders. 
 
The officer who has charge of the stock ledger of the Corporation shall prepare and make available, at least ten (10) days before every
meeting of stockholders, a complete list of the stockholders entitled to vote thereat, arranged in alphabetical order, showing the address of and the number of shares registered in the name of each such stockholder. Such list shall be open to the
examination of any stockholder, for any purpose germane to such meeting, during ordinary business hours, for a period of at least ten (10) days prior to such meeting, at the principal place of business of the corporation. The list also shall be
produced and kept throughout the time and 
 

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at the place of the meeting of
the stockholders and may be inspected by any stockholder who is present. 
 
Section 5. Action by Consent of Stockholders. 
 
(a) Except as otherwise restricted by law or the Certificate of Incorporation, upon the setting of a record date in accordance with Section 5(b), any action required or permitted to be taken at any annual or special meeting
of the stockholders may be taken without a meeting, without prior notice to the stockholders and without a vote, if a consent in writing setting forth the action so taken shall be signed by the holders of outstanding stock having not less than the
minimum number of votes that would be necessary to authorize or take such action at a meeting at which all shares entitled to vote thereon were present and voted. Prompt notice of any corporate action taken without a meeting by less than unanimous
written consent shall be given to those stockholders who have not consented in writing. 
 
(b) In order for the Corporation to determine the stockholders entitled to consent to any corporate action in writing without a meeting, the Board of Directors may fix a record date, which record date
shall not precede the date upon which the resolution fixing the record date is adopted by the Board of Directors, and which date shall not be more than ten (10) days after the date upon which the resolution fixing the record date is adopted by the
Board of Directors. Any stockholder of record seeking to have the stockholders authorize or take corporate action by written consent shall, by written notice to the Secretary, request the Board of Directors to fix a record date. The Board of
Directors shall promptly, but in all events within ten (10) days after the date on which such a request is received, adopt a resolution fixing the record date. If no record date has been fixed by the Board of Directors within ten (10) days of the
date on which such a request is received, the record date for determining stockholders entitled to consent to corporate action in writing without a meeting, when no prior action by the Board of Directors is required by applicable law, shall be the
first date on which a signed written consent setting forth the action taken or proposed to be taken is delivered to the Corporation by delivery to its registered office in the State of Delaware, its principal place of business, or any officer or
agent of the Corporation having custody of the book in which proceedings of stockholders meetings are recorded, to the attention of the Secretary of the Corporation. Delivery shall be by hand or by certified or registered mail, return receipt
requested. If no record date has been fixed by the Board of Directors and prior action by the Board of Directors is required by applicable law, the record date for determining stockholders entitled to consent to corporate action in writing without a
meeting shall be at the close of business on the date on which the Board of Directors adopts the resolution taking such prior action. 
 
Section 6. Advance Notice of Stockholder Nominees and Stockholder Business. 
 
(a) At an annual meeting of the stockholders, only such business shall be conducted as shall have been
properly brought before the meeting. To be properly brought before an annual meeting, business must be: (i) specified in the notice of meeting (or any supplement thereto) given by or at the direction of the Board of Directors, (ii) otherwise
properly brought before the meeting by or at the direction of the Board of Directors, or (iii) otherwise properly brought before the meeting by a stockholder. In addition to any other applicable requirements (including, without 
 

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limitation, that any business brought before a meeting must be a proper matter for stockholder action),
for business to be properly brought before an annual meeting by a stockholder, the stockholder must have given timely notice thereof in writing to the Secretary of the Corporation, the stockholder must have been a holder of record of the Corporation
at the time such notice is delivered, and the stockholder, or his or her representative who is qualified under law to present the business on his or her behalf, must attend the meeting to present the business. To be timely, a stockholder’s
notice must be delivered to or mailed and received by the Secretary at the principal executive offices of the Corporation no later than the close of business on the forty-fifth (45th) day and no earlier than the close of business on the
seventy-fifth (75th) day prior to the first anniversary of the date on which the Corporation first mailed its proxy materials for the preceding year’s annual meeting of stockholders; provided, however, that in the event that no annual meeting
was held in the previous year or the date of the annual meeting has been changed by more than thirty (30) days from the date contemplated at the time of the previous year’s proxy statement, notice by the stockholder to be timely must be so
received no earlier than the close of business on the one hundred fifth (105th) day prior to the date of the annual meeting and no later than the close of business on the later of (A) the seventy-fifth (75th) day prior to such annual meeting date
or, (B) in the event public announcement of the date of such annual meeting is first made by the Corporation fewer than eighty-five (85) days prior to the date of such annual meeting, the close of business on the tenth (10th) day following the day
on which public announcement of the date of such meeting is first made by the Corporation. A stockholder’s notice shall be made to the Secretary and shall set forth as to each matter the stockholder proposes to bring before the annual meeting:
(1) a brief description of the business desired to be brought before the annual meeting and the reasons for conducting such business at the annual meeting, (2) the name and address, as they appear on the Corporation’s books, of the stockholder
proposing such business, (3) the class and number of shares of the Corporation which are beneficially owned by the stockholder, (4) any material interest of the stockholder in such business, and (5) any other information that is required to be
provided by the stockholder pursuant to Regulation 14A under the Securities Exchange Act of 1934, as amended (the “1934 Act”), in his or her capacity as a proponent of a stockholder proposal. Notwithstanding anything in these Bylaws to the
contrary, no business shall be conducted at any annual meeting except in accordance with the procedures set forth in this paragraph (a). The presiding officer of the annual meeting shall, if the facts warrant, determine and declare at the meeting
that business was not properly brought before the meeting in accordance with the provisions of this paragraph (a), and, if he or she should so determine, such presiding officer shall so declare at the meeting that any such business not properly
brought before the meeting shall not be transacted. 
 
(b) In addition to any other applicable requirements, only persons who are nominated in accordance with the procedures set forth in this paragraph (b) shall be eligible for election as directors. Nominations of persons for election
to the Board of Directors of the Corporation may be made at a meeting of stockholders by or at the direction of the Board of Directors or by any stockholder of the Corporation entitled to vote in the election of directors at the meeting who complies
with the notice procedures set forth in this paragraph (b). Such nominations, other than those made by or at the direction of the Board of Directors, shall be made only after timely notice (as set forth in paragraph (a) of this Section 6) in writing
to the Secretary of the Corporation in accordance with the provisions of paragraph (b) of this Section 6. Such stockholder’s notice shall set forth: (i) as to each person, if any, whom the stockholder intends to nominate for election or re-

 

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election as a director: (A) the name, age, business address and residence address of such person, (B) the
principal occupation or employment of such person, (C) the class and number of shares of the Corporation which are beneficially owned by such person, (D) a description of all relationships, arrangements, and understandings between the stockholder
and each nominee and any other person or persons (naming such person or persons) pursuant to which the nominations are to be made by the stockholder, and (E) any other information relating to such person that is required to be disclosed in
solicitations of proxies for election of directors, or is otherwise required, in each case pursuant to Regulation 14A under the 1934 Act (including without limitation such person’s written consent to being named in the proxy statement, if any,
as a nominee and to serving as a director if elected); and (ii) as to such stockholder giving notice, the information required to be provided pursuant to paragraph (a) of this Section 6 of this Article II. Notwithstanding the foregoing, the Board of
Directors shall not be required to solicit proxies for the election of any person the stockholder intends to nominate at the meeting. At the request of the Board of Directors, any person nominated by a stockholder for election as a director shall
furnish to the Secretary of the Corporation that information required to be set forth in the stockholder’s notice of nomination which pertains to the nominee. No person shall be eligible for election as a director of the Corporation unless
nominated in accordance with the procedures set forth in this paragraph (b). The presiding officer of the meeting shall, if the facts warrant, determine and declare at the meeting that a nomination was not made in accordance with the procedures
provided by this paragraph (b), and if he or she should so determine, such presiding officer shall so declare at the meeting, and the defective nomination shall be disregarded. 
 
(c) For purposes of this Section 6 of this Article II, “public announcement” shall mean disclosure
in a press release reported by the Dow Jones News Service, Associated Press or comparable national news service or in a document publicly filed by the Corporation with the Securities and Exchange Commission pursuant to Section 13, 14 or 15(d) of the
1934 Act. 
 
ARTICLE III 
BOARD OF DIRECTORS 
 
Section 1. General Powers. 
 
The business and affairs of the Corporation shall be managed by or under the direction of the Board of Directors, except as may be
otherwise provided by law or the Certificate of Incorporation. 
 
Section 2. Election of Directors. 
 
(a) Number of Directors and Term of Office. Except as otherwise provided in the Certificate of Incorporation, the authorized number of directors which shall constitute the whole Board of Directors of the Corporation shall be
fixed from time to time by the Board of Directors, but shall not be less than three (3). The exact number of directors shall be determined from time to time, either by a resolution or Bylaw provision duly adopted by the Board of Directors. Except as
otherwise required by law, the Certificate of Incorporation or these Bylaws, each of the directors of the Corporation shall be elected at the annual meeting of the stockholders and each director so elected shall hold office until such
director’s successor shall be elected and shall 
 

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qualify (subject, however, to such director’s prior death, resignation, retirement, disqualification
or removal from office). 
 
(b) Vacancies.
Except as otherwise required by these Bylaws, any vacancy in the Board of Directors that results from an increase in the authorized number of directors shall be filled only by vote of a majority of the authorized number of directors constituting the
whole Board of Directors, provided that a quorum is present, and any other vacancy occurring in the Board of Directors shall be filled by a majority of the directors then in office, even if less than a quorum, or by a sole remaining director.
Stockholders shall have no right to fill, or take any action to fill, any vacancy in the Board of Directors. Any director elected in accordance with this Section 2(b) shall hold office until such director’s successor shall be elected and shall
qualify (subject, however, to such director’s prior death, resignation, retirement, disqualification or removal from office). 
 
(c) Resignation. Any director may resign from the Board of Directors at any time by giving written notice thereof to the Secretary
of the Corporation. Any such resignation shall take effect at the time specified therein, or, if the time when such resignation shall become effective shall not be so specified, then such resignation shall take effect immediately upon its receipt by
the Secretary; and, unless otherwise specified therein, the acceptance of such resignation shall not be necessary to make it effective. 
 
(d) Removal. Except as provided in the Certificate of Incorporation, any director of the Corporation may be removed from office
with or without cause, but only by the affirmative vote of the holders of not less than a majority of the outstanding capital stock of the Corporation entitled to vote generally in the election of directors, voting together as a single class.

 
Section 3. Meetings of the Board of Directors.

 
(a) Regular Meetings. Regular meetings of
the Board of Directors and committees thereof shall be held without call or notice at such times and places as the Board of Directors shall from time to time determine. 
 
(b) Special Meetings. Special meetings of the Board of Directors and committees thereof may be called
by the Chairman of the Board of Directors, by the Chief Executive Officer, by the President, or by the Board of Directors, or in the case of committees, by the Chair thereof. Notice of the time and place of special meetings of the Board of Directors
and committees thereof shall be given by the Secretary or an Assistant Secretary of the Corporation, or by any other officer authorized by the Board of Directors. Such notice shall be given to each director personally or by mail, messenger,
telephone, facsimile transmission, overnight courier, or telegraph at such director’s business or residence address. Notice by mail shall be deposited in the United States mail, postage prepaid, not later than the third day prior to the date
fixed for such special meeting. Notice by telephone, facsimile transmission or telegraph shall be sent, and notice given personally, by messenger or by overnight courier shall be delivered, at least twenty-four (24) hours prior to the time set for
such special meeting. Notice of a special meeting of the Board of Directors or committee thereof need not contain a statement of the purpose of such special meeting. 
 

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(c) Adjourned Meetings. A majority of directors present at any regular or special
meeting of the Board of Directors or any committee thereof, whether or not constituting a quorum, may adjourn any meeting from time to time until a quorum is present or otherwise. Notice of the time and place of holding any adjourned meeting shall
not be required if the time and place are fixed at the meeting adjourned. 
 
(d) Place of Meetings. Meetings of the Board of Directors and committees thereof, both regular and special, may be held at any place within or outside the state of Delaware which has been designated in the notice of
the meeting or, if not stated in the notice or if there is no notice, designated by the Board of Directors. In the absence of any such designation, meetings of the Board of Directors and committees thereof shall be held at the Corporation’s
principal executive offices. 
 
(e)
Participation by Telephone or Videoconference. Members of the Board of Directors or any committee thereof may participate in any meeting of the Board of Directors or committee through the use of conference telephone, videoconference or
similar communications equipment, so long as all members participating in such meeting can hear one another, and such participation shall constitute presence in person at such meeting. 
 
(f) Quorum. At all meetings of the Board of Directors or any committee thereof, a majority of the
authorized number of directors constituting the whole Board of Directors or serving on such committee, as applicable, shall constitute a quorum for the transaction of business and the act of a majority of the directors present at any such meeting at
which there is a quorum shall be the act of the Board of Directors or such committee, except as may be otherwise specifically provided by law, the Certificate of Incorporation or these Bylaws. A meeting of the Board of Directors or any committee
thereof at which a quorum initially is present may continue to transact business notwithstanding the withdrawal of directors so long as any action is approved by at least a majority of the required quorum for such meeting. 
 
(g) Waiver of Notice. The transactions of any meeting
of the Board of Directors or any committee thereof, however called and noticed or wherever held, shall be as valid as if taken at a meeting duly held after regular call and notice, if a quorum be present and if, either before or after the meeting,
each of the directors not present signs a written waiver of notice, or a consent to hold such meeting, or an approval of the minutes thereof. All such waivers, consents or approvals shall be filed with the corporate records or made a part of the
minutes of the meeting. 
 
Section 4. Action without
Meeting. 
 
Any action required or permitted to
be taken by the Board of Directors at any meeting thereof or at any meeting of a committee thereof may be taken without a meeting if all members of the Board of Directors or such committee thereof consent thereto in writing and the writing or
writings are filed with the minutes of the proceedings of the Board of Directors or such committee thereof. 
 

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Section 5. Compensation of Directors. 
 
Unless otherwise restricted by law, the Certificate of Incorporation or these Bylaws, the Board of Directors
shall have the authority to fix the compensation of directors. No such payment shall preclude any director from serving the Corporation in any other capacity and receiving compensation therefor. 
 
Section 6. Committees of the Board. 
 
(a) Committees. The Board of Directors may, by
resolution adopted by the Board of Directors, designate one or more committees of the Board of Directors, each committee to consist of one or more directors. Each such committee, to the extent permitted by law, the Certificate of Incorporation and
these Bylaws, shall have and may exercise such powers of the Board of Directors in the management and affairs of the Corporation as may be prescribed by the resolutions creating such committee. Such committee or committees shall have such name or
names as may be determined from time to time by resolution adopted by the Board of Directors. The Board of Directors may designate one or more directors as alternate members of any committee, who may replace any absent or disqualified member at any
meeting of the committee. In the absence or disqualification of a member of a committee, the member or members thereof present at any meeting and not disqualified from voting, whether or not such member or members constitute a quorum, may
unanimously appoint another member of the Board of Directors to act at the meeting in the place of any such absent or disqualified member. The Board of Directors shall have the power, at any time for any such reason, to change the members of any
such committee, to fill vacancies, and to discontinue any such committee. 
 
(b) Minutes of Meetings. Each committee shall keep regular minutes of its meetings and report the same to the Board of Directors when required. 
 
(c) Limits on Authority of Committees. No committee shall have the power or authority in reference to
amending the Certificate of Incorporation (except that a committee may, to the extent authorized in the resolution or resolutions providing for the issuance of shares of stock adopted by the Board of Directors as provided in Section 151(a) of the
General Corporation Law of the State of Delaware, fix the designations and any of the preferences or rights of such shares relating to dividends, redemption, dissolution, any distribution of assets of the Corporation, or the conversion into, or the
exchange of such shares for, shares of any other class or classes or any other series of the same or any other class or classes of stock of the Corporation or fix the number of shares of any series of stock or authorize the increase or decrease of
the shares of any series), adopting an agreement of merger or consolidation, recommending to the stockholders the sale, lease or exchange of all or substantially all of the Corporation’s property and assets, recommending to the stockholders a
dissolution of the Corporation or a revocation of a dissolution, or amending any provision of these Bylaws; nor, unless the resolutions establishing such committee or the Certificate of Incorporation expressly so provide, shall any committee have
the power or authority to declare a dividend, authorize the issuance of stock, adopt a certificate of ownership and merger, or fill vacancies in the Board of Directors. 
 

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ARTICLE IV

OFFICERS 
 
Section 1. Officers. 
 
(a) Number. The officers of the Corporation shall be a Chairman of the Board, a Chief Executive Officer, a President, a Secretary
and a Chief Financial Officer. The Corporation may also have, at the discretion of the Board of Directors, one or more Vice Presidents, a Treasurer, one or more Assistant Secretaries, one or more Assistant Treasurers and such other officers as the
Board of Directors may deem appropriate. The same person may hold any two or more offices, except those of President and Secretary. 
 
(b) Election and Term of Office. The officers shall be elected annually by the Board of Directors at its next regular meeting
following the annual meeting of the stockholders and each officer shall hold office until the next annual election of officers and until such officer’s successor is elected or until such officer’s death, resignation or removal. Any officer
may be removed at any time, with or without cause, by the Board of Directors. Any vacancy occurring in any office may be filled by the Board of Directors. 
 
(c) Delegation of Authority. The Board of Directors may from time to time delegate the powers or duties of any officer to any other
officers or agents, notwithstanding any provision hereof. 
 
(d) Salaries. The salaries of all officers of the Corporation shall be fixed by the Board of Directors or a committee thereof from time to time. 
 
Section 2. Chairman of the Board. 
 
The Chairman of the Board or his designee as provided in this Article IV shall preside at all meetings of the
stockholders and of the Board of Directors. The Chairman of the Board shall exercise and perform such other powers and duties as may from time to time be assigned to the Chairman by the Board of Directors. 
 
Section 3. Chief Executive Officer. 
 
The Chief Executive Officer shall, subject to the control of
the Board of Directors, have general supervision, direction and control of the business and officers of the Corporation. In addition, the Chief Executive Officer shall, in the absence of the Chairman of the Board or at his or her request, preside at
all meetings of the stockholders and of the Board of Directors and shall exercise and perform such other powers and duties as may from time to time be assigned to the Chief Executive Officer by the Board of Directors. 
 
Section 4. President. 
 
The President shall, in the absence of the Chairman of the
Board and the Chief Executive Officer or at their request, preside at all meetings of the stockholders and of the Board of 
 

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Directors, and shall exercise and perform such other powers and duties as may from time to time be
assigned to the President by the Board of Directors. 
 
Section 5.
Chief Financial Officer. 
 
The Chief
Financial Officer, who may, but need not, be the Treasurer, shall keep and maintain adequate and correct books and records of accounts of the Corporation, and shall see that all moneys and other valuables of the Corporation are deposited in the name
and to the credit of the Corporation with such depositories as may be designated by the Board of Directors. The Chief Financial Officer shall disburse the funds of the Corporation as directed by the Board of Directors, shall render to the Chairman
of the Board and the directors, whenever they request it, an account of all transactions in such officer’s official capacity and of the financial condition of the Corporation, and shall have such other powers and perform such other duties as
may be prescribed by the Board of Directors. 
 
Section 6. Vice
Presidents. 
 
The Vice Presidents shall have
such powers and perform such duties as from time to time may be prescribed for them, respectively, by the Board of Directors, Chief Executive Officer or President. 
 
Section 7. Secretary and Assistant Secretaries. 
 
The Secretary shall record or cause to be recorded, in books provided for the purpose, minutes of the
meetings of the stockholders, the Board of Directors and all committees of the Board of Directors; see that all notices are duly given in accordance with the provisions of these Bylaws as required by law; in the absence of the Chairman of the Board,
the Chief Executive Officer and President or at their request, preside at all meetings of the stockholders; be custodian of all corporate records (other than financial) and of the seal of the Corporation, and have authority to affix the seal to all
documents requiring it and attest to the same; give, or cause to be given, notice of all meetings of the stockholders and special meetings of the Board of Directors; and, in general, shall perform all duties incident to the office of Secretary and
such other duties as may, from time to time, be assigned to the Secretary by the Board of Directors, Chief Executive Officer or President. At the request of the Secretary, or in the Secretary’s absence or disability, any Assistant Secretary
shall perform any of the duties of the Secretary and, when so acting, shall have all the powers of, and be subject to all the restrictions upon, the Secretary. 
 
Section 8. Treasurer and Assistant Treasurers. 
 
The Treasurer shall perform all other duties commonly incident to the Treasurer’s office and shall perform such other duties and have
such other powers as the Board of Directors or the Chief Financial Officer shall designate from time to time. At the request of the Treasurer, or in the Treasurer’s absence or disability, any Assistant Treasurer may perform any of the duties of
the Treasurer and, when so acting, shall have all the powers of, and be subject to all the restrictions upon, the Treasurer. Except where by law the signature of the Treasurer is required, each of the 
 

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Assistant Treasurers shall possess the same power as the Treasurer to sign all certificates, contracts,
obligations and other instruments of the Corporation. 
 
ARTICLE V 
INDEMNIFICATION AND INSURANCE 
 
Section 1. Indemnification. 
 
(a) Actions, Suits or Proceedings Other Than By or in the Right of the Corporation. The Corporation shall to the fullest extent
permitted by the laws of the State of Delaware indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or
investigative (other than an action by or in the right of the Corporation) by reason of the fact that he or she is or was or has agreed to become a director or officer of the Corporation, or is or was serving or has agreed to serve at the request of
the Corporation as a director or officer of another affiliated corporation, partnership, joint venture, trust or other enterprise (including, without limitation, service with respect to employee benefit plans) against all costs, charges, expenses
(including attorneys’ fees), liabilities and losses, judgments, fines, amounts paid in settlement and excise taxes or penalties assessed with respect to any employee benefit or welfare plan reasonably incurred or suffered by him or her or on
his or her behalf in connection with such action, suit or proceeding and any appeal therefrom, if he or she acted in good faith and in a manner he or she reasonably believed to be in or not opposed to the best interests of the Corporation, and, with
respect to any criminal action or proceeding, had no reasonable cause to believe his or her conduct was unlawful. The termination of any action, suit or proceeding by judgment, order, settlement, conviction, or upon a plea of nolo contendere or its
equivalent, shall not, of itself, create a presumption that the person did not act in good faith and in a manner which he or she reasonably believed to be in or not opposed to the best interests of the Corporation, and, with respect to any criminal
action or proceeding, that the person had reasonable cause to believe that his or her conduct was unlawful. 
 
(b) Actions or Suits by or in the Right of the Corporation. The Corporation shall indemnify to the fullest extent permitted by the
laws of the State of Delaware any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action or suit by or in the right of the Corporation to procure a judgment in its favor by reason of the fact
that he or she is or was or has agreed to become a director or officer of the Corporation, or is or was serving or has agreed to serve at the request of the Corporation as a director or officer of another affiliated corporation, partnership, joint
venture, trust or other enterprise (including, without limitation, service with respect to employee benefit plans), against all costs, charges, expenses (including attorneys’ fees), judgments, amounts paid in settlement and excise taxes or
penalties assessed with respect to any employee benefit or welfare plan reasonably incurred or suffered by him or her or on his or her behalf in connection with such action or suit and any appeal therefrom, if he or she acted in good faith and in a
manner he or she reasonably believed to be in or not opposed to the best interests of the Corporation, except that no indemnification shall be made under this Section 1(b) in respect of any claim, issue or matter as to which such person shall have
been adjudged to be liable to the Corporation, unless and only to the extent that the Court of Chancery of Delaware or the court in which such action or suit was 
 

12 

brought shall determine upon application that, despite the adjudication of such liability but in view of
all the circumstances of the case, such person is fairly and reasonably entitled to indemnity for such costs, charges and expenses which the Court of Chancery or such other court shall deem proper. 
 
(c) Indemnification for Costs, Charges and Expenses of
Successful Party. Notwithstanding any other provision of this Article V, to the extent that a director or officer of the Corporation has been successful on the merits or otherwise in defense of any action, suit or proceeding referred to in
Sections 1(a) or 1(b) of this Article V or in defense of any claim, issue or matter therein, he or she shall be indemnified against all costs, charges and expenses (including attorneys’ fees) actually and reasonably incurred by him or her or on
his or her behalf in connection therewith. 
 
(d)
Determination of Right to Indemnification. Any indemnification under Sections 1(a) or 1(b) of this Article V (unless ordered by a court) shall be paid by the Corporation only as authorized in the specific case upon a determination that
indemnification is proper in the circumstances because the indemnified person has met the applicable standard of conduct set forth in Sections 1(a) and 1(b) of this Article V. Such determination shall be made (1) by the Board of Directors by a
majority vote of a quorum consisting of directors who were not parties to such action, suit or proceeding, or (2) if such a quorum is not obtainable, or, even if obtainable a quorum of disinterested directors so directs, by independent legal counsel
(who may be the regular counsel of the Corporation) in a written opinion, or (3) by the stockholders. 
 
(e) Advancement of Costs, Charges and Expenses. Expenses (including attorneys’ fees) incurred by a director or officer
referred to in Sections 1(a) or 1(b) of this Article V in defending a civil or criminal action, administrative or investigative action, suit or proceeding shall be paid by the Corporation, in advance of a determination of right to indemnification
pursuant to Section 1(d) of this Article V or the final disposition of such action, suit or proceeding, upon the written request of such director or officer; provided, however, that the payment of such expenses in advance of the determination of
right to indemnification or the final disposition of such action, suit or proceeding shall be made only upon receipt of an undertaking by or on behalf of such director or officer to repay such amount if it shall ultimately be determined that such
director or officer is not entitled to be indemnified by the Corporation as authorized in this Section 1 of Article V; and provided further that the payment of such expenses shall not be made if a court of competent jurisdiction enters a final
nonappealable judgement that such payment would violate Section 402 of the Sarbanes-Oxley Act of 2002. The Board of Directors may, in such case, authorize the Corporation’s counsel to represent such person, in any action, suit or proceeding,
whether or not the Corporation is a party to such action, suit or proceeding. Such costs, charges and expenses incurred by other employees and agents may be so paid upon such terms and conditions, if any, as the Board of Directors deems appropriate.

 
(f) Procedure for Indemnification. Any
indemnification under Sections 1(a), 1(b) or 1(c) of this Article V or advance of expenses under Section 1(e) of this Article V shall be made promptly, and in any event within sixty (60) days, upon the written request of the indemnified person. The
right to indemnification or advances as granted by this Section 1 of this Article V shall be enforceable by the indemnified person in any court of competent jurisdiction, if the 
 

13 

Corporation denies such request, in whole or in part, or if no disposition thereof is made within such
sixty (60) day period. Such person’s costs and expenses actually and reasonably incurred in connection with successfully establishing his or her right to indemnification, in whole or in part, in any such action shall also be indemnified by the
Corporation. It shall be a defense to any such action (other than an action brought to enforce a claim for the advance of costs, charges and expenses under Section 1 of this Article V where the required undertaking, if any, has been received by the
Corporation) that the claimant has not met the standard of conduct set forth in Section 1(a) or 1(b) of this Article V, but the burden of proving such defense shall be on the Corporation. Neither the failure of the Corporation (including its Board
of Directors, its independent legal counsel, and its stockholders) to have made a determination prior to the commencement of such action that indemnification of the claimant is proper in the circumstances because he or she has met the applicable
standard of conduct set forth in Sections 1(a) or 1(b) of this Article V nor the fact that there has been an actual determination by the Corporation (including its Board of Directors, its independent legal counsel, or its stockholders) that the
claimant has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that the claimant has not met the applicable standard of conduct. 
 
(g) Other Rights; Continuation of Right to Indemnification. The indemnification and advancement of
costs, charges and expenses provided by, or granted pursuant to, this Section 1 of this Article V shall not be deemed exclusive of any other rights to which a person seeking indemnification or advancement of costs, charges and expenses may be
entitled under any law (common or statutory), agreement, vote of stockholders or disinterested directors or otherwise, both as to action in his or her official capacity and as to action in another capacity while holding such office as set forth in
Sections 1(a) and 1(b) of this Article V or otherwise, and, unless otherwise provided when authorized or ratified, shall continue as to a person who has ceased to hold such office and shall inure to the benefit of the estate, heirs, executors and
administrators of such person. All rights to indemnification under this Section 1 of this Article V shall be deemed to be a contract between the Corporation and each director and officer of the Corporation who serves or served in such capacity at
any time while this Section 1 of this Article V is in effect. Any repeal or modification of this Section 1 of this Article V or any repeal or modification of Section 145 of the Delaware General Corporation Law or any other law affecting the rights
of directors and officers of the Corporation to indemnification shall not adversely affect any rights of any such director or officer to indemnification or the obligations of the Corporation pursuant to this Section 1, Article V, with respect to any
act or omission occurring prior to the time of such repeal or modification. 
 
(h) Indemnification of Employees and Other Agents. The Board of Directors in its discretion shall have power on behalf of the Corporation, subject to applicable law, to indemnify any person made
a party to any action, suit or proceeding by reason of the fact that such person, or his or her testator or intestate, is or was an employee or other agent of the Corporation and to advance costs, charges and expenses (including attorneys’
fees) incurred by such person in defending any such action, suit or proceeding. 
 

14 

 
Section 2. Insurance, Trust
Fund, Etc. 
 
The Corporation may purchase and
maintain insurance on behalf of any person who is or was or has agreed to become a director, officer, employee or agent of the Corporation, or is or was serving at the request of the Corporation as a director, officer, employee or agent of another
corporation, partnership, joint venture, trust or other enterprise, against any liability asserted against such person and incurred by such person, or arising out of such person’s capacity as such, whether or not the Corporation would have the
power to indemnify such person against such liability under the provisions of law, the Certificate of Incorporation or these Bylaws. The Corporation may create a trust fund, grant a security interest and/or use other means (including, without
limitation, letters of credit, surety bonds and/or other similar arrangements), as well as enter into contracts providing indemnification to the fullest extent authorized or permitted by law, the Certificate of Incorporation or these Bylaws and
including as a part thereof provisions with respect to any or all of the foregoing to ensure the payment of such amounts as may become necessary to effect indemnification as provided in these Bylaws or elsewhere. 
 
Section 3. Limitations. 
 
Notwithstanding anything contained in this Article V to the
contrary, except for proceedings to enforce rights to indemnification provided by these Bylaws, the Corporation shall not be obligated to indemnify any person or advance any expenses in connection with a proceeding (or part thereof) initiated by
such person or service by such person as a witness adverse to the Corporation, unless such proceeding (or part thereof) or such service was authorized by resolution of the Board of Directors. 
 
Section 4. Savings Clause. 
 
If this Article V or any portion hereof shall be invalidated
on any ground by any court of competent jurisdiction, then the Corporation shall nevertheless indemnify each director and officer of the Corporation as to costs, charges and expenses (including attorneys’ fees), judgments, fines and amounts
paid in settlement with respect to any action, suit or proceeding, whether civil, criminal, administrative or investigative, including an action by or in the right of the Corporation, to the full extent permitted by any applicable portion of this
Article V that shall not have been invalidated and to the full extent permitted by applicable law. 
 
ARTICLE VI 
CERTIFICATES FOR SHARES AND THEIR TRANSFER

 
Section 1. Certificates for Shares. 
 
Unless otherwise provided by a resolution of the Board of
Directors, the shares of the Corporation shall be represented by a certificate. The certificates of stock of the Corporation shall be numbered and shall be entered in the books of the Corporation as they are issued. They shall exhibit the
holder’s name and number of shares and shall be signed by or in the name of the Corporation by (a) the Chairman of the Board of Directors, the Chief Executive Officer, the President or any Vice President and (b) the Treasurer, any Assistant
Treasurer, the Secretary or 
 

15 

any Assistant Secretary. Any or all of the signatures on a certificate may be by facsimile. In case any
officer of the Corporation, transfer agent or registrar who has signed, or whose facsimile signature has been placed upon such certificate, shall have ceased to be such officer, transfer agent or registrar before such certificate is issued, such
certificate may nevertheless be issued by the Corporation with the same effect as if he were such officer, transfer agent or registrar at the date of issuance. 
 
Section 2. Transfer. 
 
Upon surrender to the Corporation or the transfer agent of the Corporation of a certificate for shares duly endorsed or accompanied by
proper evidence of succession, assignation or authority to transfer, it shall be the duty of the Corporation to issue a new certificate to the person entitled thereto, cancel the old certificate and record the transaction upon its books.

 
Section 3. Record Owner. 
 
The Corporation shall be entitled to treat the holder of
record of any share or shares of stock as the holder in fact thereof, and, accordingly, shall not be bound to recognize any equitable or other claim to or interest in such share on the part of any other person, whether or not it shall have express
or other notice thereof, save as expressly provided by the laws of the State of Delaware or federal laws. 
 
Section 4. Lost Certificates. 
 
The Board of Directors may direct a new certificate or certificates to be issued in place of any certificate or certificates theretofore issued by the Corporation alleged to have been lost, stolen or
destroyed, upon the making of an affidavit of that fact by the person claiming the certificate of stock to be lost, stolen or destroyed. When authorizing such issue of a new certificate or certificates, the Board of Directors may, in its discretion
and as a condition precedent to the issuance thereof, require the owner of such lost, stolen or destroyed certificate or certificates, or his legal representative, to advertise the same in such manner as the Board of Directors shall require and to
give the Corporation a bond in such sum as it may direct as indemnity against any claim that may be made against the Corporation with respect to the certificate alleged to have been lost, stolen or destroyed. 
 
ARTICLE VII 
MISCELLANEOUS 
 
Section 1. Record Date. 
 
(a) In order that the Corporation may determine the stockholders entitled to notice of or to vote at any meeting of the stockholders or
any adjournment thereof, or entitled to receive payment of any dividend or other distribution or allotment of any rights or entitled to exercise any rights in respect of any change, conversion or exchange of stock or for the purpose of any other
lawful action, the Board of Directors may fix, in advance, a record date, which shall not be more than sixty (60) nor less than ten (10) days prior to the date of such meeting nor more than 
 

16 

sixty (60) days prior to any other action. If not fixed by the Board of Directors, the record date shall
be determined as provided by the laws of the State of Delaware. 
 
(b) A determination of stockholders of record entitled to notice of or to vote at a meeting of the stockholders shall apply to any adjournments of the meeting, unless the Board of Directors fixes a new record date for the adjourned
meeting. 
 
(c) Holders of stock on the record date
are entitled to notice and to vote or to receive the dividend, distribution or allotment of rights or to exercise the rights, as the case may be, notwithstanding any transfer of any shares on the books of the Corporation after the record date,
except as otherwise provided by agreement or by law, the Certificate of Incorporation or these Bylaws. 
 
Section 2. Execution of Instruments. 
 
The Board of Directors may, in its discretion, determine the method and designate the signatory officer or officers, or other persons, to execute any corporate instrument or document or to sign the
corporate name without limitation, except where otherwise provided by law, the Certificate of Incorporation or these Bylaws. Such designation may be general or confined to specific instances. 
 
Section 3. Voting of Securities Owned by the Corporation. 
 
All stock and other securities of other corporations held by
the Corporation shall be voted, and all proxies with respect thereto shall be executed, by the person so authorized by resolution of the Board of Directors, or, in the absence of such authorization, by the Chairman of the Board, the Chief Executive
Officer, the President, the Chief Financial Officer, or the Secretary. 
 
Section 4. Amendments. 
 
In
furtherance and not in limitation of the powers conferred by statute, the Board of Directors is expressly authorized to adopt, make, repeal, alter, amend and rescind from time to time any or all of the Bylaws of the Corporation, including, without
limitation, Bylaw amendments increasing or reducing the authorized number of directors constituting the whole Board of Directors. The affirmative vote of the holders of at least a majority of the outstanding capital stock of the Corporation having
general voting power, voting together as a single class, shall be required for the Corporation’s stockholders to adopt, make, repeal, alter, amend or rescind the Bylaws of the Corporation (notwithstanding any other provision of the Certificate
of Incorporation or any provision of law which might otherwise permit a lesser vote or no vote, but in addition and subject to any vote of the holders of any class or series of stock of the Corporation required by law or by the Certificate of
Incorporation). 
 

17<PAGE>

                                                                    EXHIBIT 10.1

                             VOTING AGREEMENT (3TEC)

     VOTING AGREEMENT (this "Agreement") dated as of February 2, 2003, by and
among Plains Exploration & Production Company, a Delaware corporation ("PXP"),
3TEC Energy Corporation, a Delaware corporation ("3TEC"), EnCap Energy Capital
Fund III-B, L.P., EnCap Energy Capital Fund III, L.P., BOCP Energy Partners,
L.P., and Energy Capital Investment Company PLC (together with EnCap Energy
Capital Fund III-B, L.P., EnCap Energy Capital Fund III, L.P. and BOCP Energy
Partners, L.P., the "EnCap Entities"), Sable Management, L.P. ("Sable"), and
James C. Flores (with the EnCap Entities and Sable, each a "Stockholder" and
collectively, the "Stockholders").

     WHEREAS, each Stockholder desires that 3TEC, PXP Gulf Coast, Inc., a
Delaware corporation and wholly-owned subsidiary of PXP ("Merger Sub"), and PXP,
enter into an Agreement and Plan of Merger dated the date hereof (the "Merger
Agreement"; undefined capitalized terms herein are defined in the Merger
Agreement) providing for the merger of 3TEC with and into Merger Sub (the
"Merger") upon the terms and subject to the conditions set forth in the Merger
Agreement;

     WHEREAS, each Stockholder is executing this Agreement as an inducement to
3TEC to enter into and execute the Merger Agreement; and

     WHEREAS, concurrently with the execution and delivery of this Agreement,
PXP is entering into a voting agreement with certain 3TEC stockholders under
which such parties have, among other things, agreed to support the Merger upon
the terms and conditions set forth therein.

     NOW, THEREFORE, in consideration of the execution and delivery by 3TEC of
the Merger Agreement and the mutual covenants, conditions and agreements
contained herein and therein, the parties agree as follows:

     1. Representations and Warranties.

     (a) Each Stockholder severally represents and warrants to 3TEC as follows:

          (i) Such Stockholder is the record and beneficial owner of that number
     of shares of capital stock of PXP set forth opposite such Stockholder's
     name on Schedule A (together with any other shares of other capital stock
     of PXP acquired after the date hereof including through the exercise of any
     stock options, warrants or similar instruments) being collectively referred
     to herein as the "Subject Shares"). The Subject Shares constitute the only
     shares, with respect to which such Stockholder is the record or beneficial
     owner, of capital stock of PXP or options, warrants or other rights
     (whether or not contingent) to acquire such shares of capital stock of PXP
     that are or may be entitled to vote on the Merger or the Merger Agreement
     at any meeting of PXP's Stockholders called to vote upon the Merger or the
     Merger Agreement. Such Stockholder has the sole right to vote and Transfer
     (as defined herein) the Subject Shares set forth opposite its name on
     Schedule A, and none of such Subject Shares is subject to any voting trust
     or other agreement, arrangement or restriction with respect to the voting
     or the Transfer of the Subject Shares, except (A) as provided by this
     Agreement (it being understood that any pledge of the Pledged Shares (as
     defined below) shall not be a breach of this

<PAGE>

     representation) and (B) those arising under applicable securities laws.
     Such Stockholder has all requisite power and authority, and, if such
     Stockholder is a natural person, the legal capacity, to enter into this
     Agreement and to perform its obligations hereunder. To the extent that such
     Stockholder is an entity and not an individual, such Stockholder is duly
     organized, validly existing and in good standing under the laws of its
     jurisdiction of organization. The execution and delivery of this Agreement
     by such Stockholder and the performance by such Stockholder of its
     obligations hereunder have been duly authorized by all necessary action on
     the part of such Stockholder. This Agreement has been duly executed and
     delivered by, and constitutes a valid and binding agreement of, such
     Stockholder, enforceable against such Stockholder in accordance with its
     terms, except as enforcement may be limited by the Enforceability
     Exceptions.

          (ii) Neither the execution and delivery of this Agreement nor the
     performance by such Stockholder of its obligations hereunder will result in
     a violation of, or a default under, or conflict with, (A) if such
     Stockholder is an entity, any provision of its certificate of
     incorporation, bylaws, partnership agreement, limited liability company
     agreement or similar organizational documents, (B) any contract, trust,
     commitment, agreement, understanding, arrangement or restriction of any
     kind (other than as may relate to the Pledged Shares but subject to the
     proviso set forth in (iv) below) to which such Stockholder is a party or
     bound or to which the Subject Shares are subject, except, in the case of
     clause (B), as would not prevent, delay or otherwise materially impair such
     Stockholder's ability to perform its obligations hereunder. Execution,
     delivery and performance of this Agreement by such Stockholder will not
     violate, or require any consent, approval or notice under, any provision of
     any judgment, order, decree, statute, law, rule or regulation applicable to
     such Stockholder or the Subject Shares, except (x) for any reports under
     Sections 13(d) and 16 of the Exchange Act as may be required in connection
     with this Agreement and the transactions contemplated hereby or (y) as
     would not reasonably be expected to prevent, delay or otherwise materially
     impair such Stockholder's ability to perform its obligations hereunder.

          (iii) If the Stockholder is married and the Subject Shares of the
     Stockholder constitute community property or spousal approval is otherwise
     required for this Agreement to be legal, valid and binding, then, to the
     extent so required, this Agreement has been duly authorized, executed and
     delivered by, and constitutes a valid and binding agreement of, the
     Stockholder's spouse, enforceable against such spouse in accordance with
     its terms, subject to the Enforceability Exceptions.

          (iv) The Subject Shares and the certificates representing such Subject
     Shares are held by such Stockholder, or by a nominee or custodian for the
     benefit of such Stockholder, free and clear of all liens, claims, security
     interests, proxies, voting trusts or agreements, understandings or
     arrangements or any other encumbrances whatsoever, except for (A) any such
     encumbrances arising hereunder, or (B) any such encumbrances arising
     pursuant to the pledge of any Subject Shares by such Stockholder to a
     financial institution or a brokerage firm (the "Pledged Shares"); provided,
     however, that such Stockholder represents that any such arrangement
     regarding such Pledged Shares shall not prevent, delay or otherwise
     materially impair such Stockholder's ability to execute and deliver this
     Agreement or perform its obligations hereunder and such Stockholder

                                       2

<PAGE>

     shall use his reasonable efforts to obtain an acknowledgment by the pledgee
     of the terms of this Agreement and such pledgee's agreement to vote the
     Pledged Shares (if and to the extent the voting power of the Pledged Shares
     is being or to be exercised by pledgee) in accordance with Section 2.

          (v) No broker, investment banker, financial advisor or other person is
     entitled to any broker's, finder's, financial advisor's or other similar
     fee or commission based upon arrangements made by or on behalf of such
     Stockholder in connection with its entering into this Agreement.

          (vi) Such Stockholder understands and acknowledges that 3TEC is
     entering into the Merger Agreement in reliance upon such Stockholder's
     execution and delivery of this Agreement.

     (b) 3TEC represents and warrants to each Stockholder and PXP that the
execution and delivery of this Agreement by 3TEC and the consummation by 3TEC of
the transactions contemplated hereby have been duly authorized by all necessary
action on the part of 3TEC.

     (c) PXP represents and warrants to each Stockholder and 3TEC that the
execution and delivery of this Agreement by PXP and the consummation by PXP of
the transactions contemplated hereby have been duly authorized by all necessary
action on the part of PXP.

     2. Voting Agreements. During the Term (as defined below) of this Agreement,
at any meeting of stockholders of PXP or at any adjournment thereof or in any
other circumstances upon which a vote, consent or other approval (including by
written consent) is sought, each Stockholder shall, including by executing a
written consent solicitation if requested by 3TEC, vote (or cause to be voted)
the Subject Shares: (a) in favor of the Merger, the adoption by PXP of the
Merger Agreement and the approval of the terms thereof and each of the other
Transactions and (b) against any transaction, agreement, matter or PXP
Acquisition Proposal that would impede, interfere with, delay, postpone or
attempt to discourage the Merger and the Merger Agreement.

     3. Irrevocable Proxy. Each Stockholder hereby appoints 3TEC as its proxy to
vote all of such Stockholder's Subject Shares at any meeting of stockholders of
PXP (including any adjournments and postponements thereof) on the matters
described in Section 2, and to execute and deliver any written consents to
fulfill such Stockholder's obligations under this Agreement. This proxy is
coupled with an interest and is irrevocable until the end of the Term.

     4. Revocation of Other Proxies. To the extent inconsistent with the other
provisions of this Agreement or the Merger Agreement, each Stockholder hereby
revokes any and all previous proxies with respect to such Stockholder's Subject
Shares.

     5. Other Covenants. Each Stockholder severally agrees with, and covenants
to, 3TEC during the Term of this Agreement as follows: such Stockholder shall
not after the date hereof (i) sell, transfer, pledge, assign or otherwise
dispose of (including by gift) (collectively, "Transfer"), or consent to any
Transfer of, any Subject Shares or any interest therein, except pursuant to the
Merger, (ii) enter into any contract, option or other agreement with respect to
any

                                       3

<PAGE>

Transfer of any or all of the Subject Shares or any interest therein, (iii)
grant any proxy, power-of-attorney or other authorization in or with respect to
the Subject Shares or (iv) deposit the Subject Shares into a voting trust or
enter into a voting agreement or voting arrangement with respect to the Subject
Shares; provided, that any such Stockholder may Transfer any of the Subject
Shares to an affiliate of such Stockholder (provided such affiliates evidences
in a writing reasonably satisfactory to the other parties hereto such
affiliate's agreement to the terms hereof) or any other Stockholder who is on
the date hereof or hereafter becomes a party to this Agreement; provided,
further, that the restrictions in this Section 5 shall not be deemed violated by
any Transfer of Subject Shares pursuant to a cashless exercise of stock options
or warrants; and provided, further, that a pledge of Pledged Shares made in
accordance with Section 1(a)(iv) shall not be deemed to be a violation of the
restrictions in this Section 5.

     6. Certain Events. This Agreement and the obligations hereunder shall
attach to each Stockholder's Subject Shares and shall be binding upon any Person
to which legal or beneficial ownership of such Shares shall pass, whether by
operation of law or otherwise, including such Stockholder's heirs, guardians,
administrators or successors. In the event of any stock split, stock dividend,
merger, reorganization, recapitalization or other change in the capital
structure of PXP affecting the Subject Shares or the acquisition of additional
shares of Subject Shares or other voting securities of PXP by any Stockholder,
the number of Subject Shares listed on Schedule A beside the name of such
Stockholder shall be adjusted appropriately and this Agreement and the
obligations hereunder shall attach to any additional Subject Shares or other
voting securities of PXP issued to or acquired by such Stockholder.

     7. Stop Transfer. PXP shall not register the transfer of any certificate
representing any Subject Shares, unless such transfer is made to 3TEC or
otherwise in compliance with this Agreement.

     8. Stockholder Capacity. No person executing this Agreement (or an
affiliate thereof) who is or becomes during the Term a director of PXP makes any
agreement or understanding herein in his or her capacity as such director. Each
Stockholder signs solely in his or her capacity as the record and beneficial
owner of, or the trustee of a trust whose beneficiaries are the beneficial
owners of, such Stockholder's Subject Shares.

     9. Further Assurances. Each Stockholder shall, upon request of 3TEC,
execute and deliver any additional documents and take such further actions as
may reasonably be deemed by 3TEC to be necessary or desirable to carry out the
provisions hereof.

     10. Termination. This Agreement, and all rights and obligations of the
parties hereunder, shall terminate upon (and shall only be effective from the
date hereof until) the first to occur of (i) the Effective Time of the Merger,
or (ii) the date upon which the Merger Agreement is terminated in accordance
with its terms (such period from the date hereof until such termination is
referred to herein as the "Term"); provided, however, that (x) Section 12 shall
survive any termination of this Agreement and (y) termination of this Agreement
pursuant to clause (ii) above shall not relieve any party hereto from liability
for any willful and knowing breach hereof prior to such termination.

     11. Miscellaneous.

                                       4

<PAGE>

     (a) All notices, requests, claims, demands and other communications under
this Agreement shall be in writing and shall be deemed given if delivered
personally or sent by overnight courier (providing proof of delivery) to the
parties at the following addresses (or at such other address for a party as
shall be specified by like notice): (i) if to 3TEC or PXP, to the appropriate
address set forth in Section 11.1 of the Merger Agreement; and (ii) if to a
Stockholder, to the appropriate address set forth on Schedule A.

     (b) Each Party submits to the jurisdiction of any state or federal court
sitting in the State of Delaware in any dispute or action arising out of or
relating to this Agreement and agrees that all claims in respect of such dispute
or action may be heard and determined in any such court. Each Party also agrees
not to bring any dispute or action arising out of or relating to this Agreement
in any other court. Each Party agrees that a final judgment in any dispute or
action so brought will be conclusive and may be enforced by action on the
judgment or in any other manner provided at law (common, statutory or other) or
in equity. Each Party waives any defense of inconvenient forum to the
maintenance of any dispute or action so brought and waives any bond, surety, or
other security that might be required of any other Party with respect thereto.

     (c) Each Party appoints RLF Service Corp., One Rodney Square, Wilmington,
Delaware 19801 as their agent to receive on their behalf service of copies of
the summons and complaint and any other process that might be served in an
dispute or action (the "Process Agent"). Any Party may make service on any other
Party by sending or delivering a copy of the process (i) to the Party to be
served at the address and in the manner provided for the giving of notices in
Section 11(a) or (ii) to the Party to be served in care of the Process Agent at
the address and in the manner provided for the giving of notices in Section
11(a).

     (d) The headings contained in this Agreement are for reference purposes
only and shall not affect in any way the meaning or interpretation of this
Agreement.

     (e) This Agreement may be executed in two or more counterparts, all of
which shall be considered one and the same agreement and shall become effective
as to any Stockholder when one or more counterparts have been signed by each of
3TEC, PXP and such Stockholder and delivered to 3TEC, PXP and such Stockholder.

     (f) This Agreement (including the documents and instruments referred to
herein) constitutes the entire agreement, and supersedes all prior agreements
and understandings, both written and oral, among the parties with respect to the
subject matter hereof, and this Agreement is not intended to confer upon any
other person (other than 3TEC) any rights or remedies hereunder.

     (g) This Agreement shall be governed by, and construed in accordance with,
the laws of the State of Delaware, regardless of the laws that might otherwise
govern under applicable principles of conflicts of laws thereof.

     (h) Neither this Agreement nor any of the rights, interests or obligations
under this Agreement shall be assigned, in whole or in part, by operation of law
or otherwise, by any of the parties without the prior written consent of the
other parties, except by laws of descent or as expressly provided by Section 5.
Any assignment in violation of the foregoing shall be void.

                                       5

<PAGE>

     (i) As between any Stockholder and 3TEC, each of such parties agrees that
irreparable damage to the other, non-breaching party would occur and that such
non-breaching party would not have any adequate remedy at law in the event that
any of the provisions of this Agreement were not performed in accordance with
their specific terms or were otherwise breached. It is accordingly agreed that
the non-breaching party shall be entitled to an injunction or injunctions to
prevent breaches by the other party of this Agreement and to enforce
specifically the terms and provisions of this Agreement, this being in addition
to any other remedy to which it may be entitled at law or in equity.

     (j) If any term, provision, covenant or restriction herein, or the
application thereof to any circumstance, shall, to any extent, be held by a
court of competent jurisdiction to be invalid, void or unenforceable, the
remainder of the terms, provisions, covenants and restrictions herein and the
application thereof to any other circumstances shall remain in full force and
effect, shall not in any way be affected, impaired or invalidated, and shall be
enforced to the fullest extent permitted by law.

     (k) No amendment, modification or waiver in respect of this Agreement shall
be effective against any party unless it shall be in writing and signed by such
party.

                            [SIGNATURE PAGE FOLLOWS]

                                       6

<PAGE>

     IN WITNESS WHEREOF, 3TEC, PXP, and the Stockholders party hereto have
caused this Agreement to be duly executed and delivered as of the date first
written above.

                                   PLAINS EXPLORATION & PRODUCTION COMPANY

                                   By:
                                      ------------------------------------------
                                   Name: James C. Flores
                                   Title: Chief Executive Officer

                                   3TEC ENERGY CORPORATION

                                   By:
                                      ------------------------------------------
                                   Name: Floyd C. Wilson
                                   Title: Chief Executive Officer

                                   STOCKHOLDERS:

                                   SABLE MANAGEMENT, L.P.
                                   By: Sable Management, LLC,
                                       its general partner

                                   By:
                                      ------------------------------------------
                                   Name:  James C. Flores
                                   Title: Member

                                   ---------------------------------------------
                                   James C. Flores

                                   ENCAP ENERGY CAPITAL FUND III, L.P.

                                   By: ENCAP INVESTMENTS L.L.C.,
                                       General Partner

                                   By:
                                      ------------------------------------------
                                   Name:
                                        ----------------------------------------
                                   Title: Managing Director

                   [Signature Page to 3TEC Voting Agreement]

<PAGE>

                                   ENCAP ENERGY FUND III-B, L.P.

                                   By:      ENCAP INVESTMENTS L.L.C.,
                                            General Partner

                                   By:
                                      ------------------------------------------
                                   Name:
                                        ----------------------------------------
                                   Title: Managing Director

                                   BOCP ENERGY PARTNERS, L.P.

                                   By:      ENCAP INVESTMENTS L.L.C.,  Manager

                                   By:
                                      ------------------------------------------
                                   Name:
                                        ----------------------------------------
                                   Title: Managing Director

                                   ENERGY CAPITAL INVESTMENT COMPANY PLC

                                   By:
                                      ------------------------------------------
                                   Name:
                                        ----------------------------------------
                                   Title:   Authorized Representative

                [Signature Page to 3TEC Voting Agreement Cont.]

<PAGE>

                                   SCHEDULE A

<TABLE>
<CAPTION>
              Stockholder Name and Address                        Common Stock                 Other Securities
              ----------------------------                        ------------                 ----------------
<S>                                                               <C>                                 <C>
EnCap Energy Capital Fund III-B, L.P.                             593,864                            -0-
1100 Louisiana Street
  Suite 3150
  Houston, TX 77002
  Attn:  Managing Director

EnCap Energy Capital Fund III, L.P.                               785,455                            -0-
1100 Louisiana Street
Suite 3150
Houston, TX 77002
Attn:  Managing Director

BOCP Energy Partners, L.P.                                        192,134                            -0-
1100 Louisiana Street
Suite 3150
Houston, TX 77002
Attn:  Managing Director

Energy Capital Investment Company, PLC                            277,275                            -0-
c/o EnCap Investments, LLC
1100 Louisiana Street
Suite 3150
Houston, TX 77002
Attn:  Managing Director

Sable Management, L.P.                                          1,082,000                            -0-
c/o Plains Exploration & Production Company
500 Dallas Street, Suite 700
Houston, Texas  77002-4804

James C. Flores                                                       100                  82,500 Restricted Shares
c/o Plains Exploration & Production Company
500 Dallas Street, Suite 700                                                                    1,425,000 SARs
Houston, Texas  77002-4804
TOTAL                                                           2,930,828
</TABLE>

                                       9

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