Document:

EX-10.2

 Exhibit 10.2 
 ACHILLION PHARMACEUTICALS, INC. 
 June 5, 2012

 Dr. Elizabeth A. Olek 

152 Temple Street, #211 
 New Haven, CT 06510

 Dear Elizabeth: 

The purpose of this letter agreement (the “Agreement”) is to set forth the terms of your separation from Achillion
Pharmaceuticals, Inc. (the “Company”). Payment of the separation pay described below is contingent on your agreement to and compliance with the terms of this Agreement. Neither this offer to you nor the Company’s entering into this
Agreement shall constitute an admission by the Company. 
 1. Resignation from Employment. The Company will accept
your resignation from employment effective as of June 18, 2012 (the “Resignation Date”). You acknowledge that from and after the Resignation Date, you shall have no authority to, and shall not, represent yourself as an employee of the
Company. The Company will not contest any application you make for unemployment benefits. 
 As you know, the Company is
obligated to publicly report your resignation, and will share with you in advance the form of the public filing. 
 Except as
set forth above, it is the policy of the Company not to provide any information to any third parties about your employment, other than to confirm your dates and employment, position held and compensation earned. Absent an express written release
from you, the Company will follow this policy with respect to your employment and your resignation from employment. 
 2.
Separation Pay. 
 If you execute and do not revoke this Agreement as you are entitled to do as explained below, the
Company will continue to pay you your current regular base salary, less applicable payroll withholdings, on a payroll basis through December 31, 2012 (the “Separation Pay”). In addition, if you have not secured employment with another
organization, the Company will continue to pay your regular base salary, less applicable payroll withholdings, for an additional period extending through the earlier of June 18, 2013, or the date you commence such employment (the “Extended
Separation Pay”). The Separation Pay will begin with the next regular payroll that follows the eighth day after you execute this Agreement as described below. 

 By law, and regardless of whether you sign this Agreement, if you are insured under the
Company’s health insurance plans, you will have the right to continue your insurance pursuant to the provisions of the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA). You will receive your COBRA notice under separate cover. If
you do not elect COBRA, your insurance coverage will cease on June 30, 2012. As additional consideration for this Agreement, and if you elect COBRA coverage, the Company will continue to contribute the Company portion of your health insurance
premiums for coverage through the earlier of (a) June 18, 2013, or (b) when you obtain comparable health insurance through another plan. 
 You acknowledge and agree that the Separation Pay is not otherwise due or owing to you under any Company employment agreement (oral or written) or Company policy or practice. You also agree that the
Separation Pay to be provided to you is not intended to and does not constitute a severance plan and does not confer a benefit on anyone other than you. You further acknowledge that except for the Separation Pay, and your wages for work performed
through June 18, 2012, you are not now and shall not in the future be entitled to any other compensation from the Company including, without limitation, other wages, commissions, bonuses, vacation pay, holiday pay, paid time off or any other
form of compensation or benefit. 
 3. Stock Options. You currently hold options to purchase 473,782 shares of
Company common stock, of which 186,938 are vested and exercisable as of your Resignation Date and have an intrinsic value of $710,141, as of the most recent closing price (see Attachment A.) Such value shall fluctuate with the Company’s stock
price until exercise. Under the terms of the Company’s 2006 Stock Incentive Plan (the “2006 Plan”), these options will remain exercisable for 90 days after your Resignation Date. You acknowledge that you do not have now and will not
in the future, have any right to vest in or exercise any other stock option or other Company security of whatever kind or name. All options shall continue to be governed by the 2006 Plan. 

4. Additional Obligations to the Company 
 (a) On the Resignation Date, you will return to the Company all Company documents and data (and any copies thereof) and property (including, without limitation, all cell phones, pagers and other company
equipment and data). 
 (b) You acknowledge that your Employment Agreement with the Company, dated as of November 6, 2007,
and amended and restated as of April 5, 2011, shall terminate on the Resignation Date. However, your Non-Competition and Non-Solicitation Agreement and Non-Disclosure and Assignment of Inventions Agreement shall continue in full force and
effect pursuant to the terms of such agreement. 
 (c) You will maintain all information relating in any way to the negotiation
of this Agreement, including the terms and amount of financial consideration provided for in this Agreement, as confidential and you shall not disclose such information to any person (other than an immediate family member, legal counsel or financial
advisor, provided that any such individual to whom disclosure is made agrees to be bound by these confidentiality obligations), 

  
 2 

 
business entity or government agency (except as mandated by state or federal law), except that nothing in this paragraph shall prohibit you from participating in an investigation with a state or
federal agency if requested by the agency to do so. 
 (d) You will cooperate in the transition of your duties to the Company in
all respects, and agree to make yourself reasonably available after the Resignation Date through July 1, 2012 to assist the Company in such transition. 
 (e) Neither you or the Company will make any statements that are professionally or personally disparaging about, or adverse to, the interests of the other (which, as to the Company, includes its officers,
directors, employees and consultants). 
 5. Your Release of Claims. You hereby agree and
acknowledge that by signing this Agreement and accepting the Separation Pay, and for other good and valuable consideration, you are waiving your right to assert any and all forms of legal claims against the Company1/ of any kind whatsoever, whether known or unknown, arising from the
beginning of time through the date you execute this Agreement (the “Execution Date”). Except as set forth below, your waiver and release herein is intended to bar any form of legal claim, complaint or any other form of action (jointly
referred to as “Claims”) against the Company seeking any form of relief including, without limitation, equitable relief (whether declaratory, injunctive or otherwise), the recovery of any damages, or any other form of monetary recovery
whatsoever (including, without limitation, back pay, front pay, compensatory damages, emotional distress damages, punitive damages, attorneys fees and any other costs) against the Company, for any alleged action, inaction or circumstance existing or
arising through the Execution Date. 
 Without limiting the foregoing general waiver and release, you specifically waive and
release the Company from any Claim arising from or related to your employment relationship with the Company or the termination thereof, including, without limitation: 
  

	 	**	Claims under any state or federal discrimination, fair employment practices or other employment related statute, regulation or executive order (as they may have been
amended through the Execution Date) prohibiting discrimination or harassment based upon any protected status including, without limitation, race, national origin, age, gender, marital status, disability, veteran status or sexual orientation. Without
limitation, specifically included in this paragraph are any Claims arising under the Title VII of the Civil Rights Act of 1964, the Age Discrimination in Employment Act, the Civil Rights Act of 1991, the Americans With Disabilities Act and any
similar state statutes. 

  

	 	**	Claims under any other state or federal employment related statute, regulation or executive order (as they may have been amended through the Execution Date) relating to
wages, hours or any other terms and conditions of employment. 

  

	1/	 For purposes of
this Agreement, the Company includes the Company and all other related entities, and its and their present and former directors, officers, partners, employees, trustees, agents, successors and assigns. 

  
 3 

	 	**	Claims under any state or federal common law theory including, without limitation, wrongful discharge, breach of express or implied contract, promissory estoppel,
unjust enrichment, breach of a covenant of good faith and fair dealing, violation of public policy, defamation, interference with contractual relations, intentional or negligent infliction of emotional distress, invasion of privacy,
misrepresentation, deceit, fraud or negligence. 

  

	 	**	Any other Claim arising under applicable law. 

 Notwithstanding the foregoing, this section does not release the Company from any obligations expressly set forth in this Agreement nor is the Company released from any obligation to indemnify you as
required by law. You acknowledge and agree that, but for providing this waiver and release, you would not be receiving the economic benefits being provided to you under the terms of this Agreement. 

Also, because you are over the age of 40, and consistent with the provisions of the Age Discrimination in Employment Act
(“ADEA”), which prohibits discrimination on the basis of age, the Company is providing you with twenty-one (21) days in which to consider and accept the terms of this Agreement by signing below and returning it to me. In addition, you
may rescind your assent to this Agreement if, within seven (7) days after you sign this Agreement, you deliver by hand or send by mail (certified, return receipt and postmarked within such 7 day period) a notice of rescission to me. The eighth
day following your signing of this Agreement is the Effective Date. 
 Also, consistent with the provisions of the
discrimination laws, nothing in this release shall be deemed to prohibit you from challenging the validity of this release under the Federal age or other discrimination laws or state equivalent (the “Discrimination Laws”) or from filing a
charge or complaint of employment-related discrimination with the Equal Employment Opportunity Commission (“EEOC”) or state equivalent, or from participating in any investigation or proceeding conducted by the EEOC or state equivalent.
Further, nothing in this release or Agreement shall be deemed to limit the Firm’s right to seek immediate dismissal of such charge or complaint on the basis that your signing of this Agreement constitutes a full release of any individual rights
under the Discrimination Laws, or to seek restitution to the extent permitted by law of the economic benefits provided to you under this Agreement in the event that you successfully challenge the validity of this release and prevail in any claim
under the Discrimination Laws. It is the Company’s desire and intent to make certain that you fully understand the provisions and effects of this Agreement. To that end, you have been encouraged and given the opportunity to consult with
legal counsel for the purpose of reviewing the terms of this Agreement. 
 6 . Entire
Agreement/Modification/Waiver/Choice of Law/Enforceability. You acknowledge and agree that this Agreement supersedes any and all prior or contemporaneous oral and/or written agreements between you and the Company, and sets forth the entire

  
 4 

 
agreement between you and the Company except as specifically set forth herein. No variations or modifications hereof shall be deemed valid unless reduced to writing and signed by the parties
hereto. This Agreement shall be deemed to have been made in the State of Connecticut and shall be construed in accordance with the laws of Connecticut without giving effect to conflict of law principles. Both parties hereby waive and renounce in
advance any right to a trial by jury in connection with such legal action. The provisions of this Agreement are severable, and if for any reason any part hereof shall be found to be unenforceable, the remaining provisions shall be enforced in full.
This Agreement, and all the terms and provisions contained herein, shall bind the respective heirs, personal representatives, successors and assigns of you and the Company, and inure to the benefit of each respective party, its agents, directors,
officers, employees, servants, successors and assigns. By executing this Agreement, you are acknowledging that you have been afforded sufficient time to understand the terms and effects of this Agreement, that your agreements and obligations
hereunder are made voluntarily, knowingly and without duress, and that neither the Company nor its agents or representatives have made any representations inconsistent with the provisions of this Agreement. The parties agree that the last act
necessary to render this Agreement effective is for the Company to sign the Agreement, and that the Agreement may be signed on one or more copies, each of which when signed will be deemed to be an original, and all of which together will constitute
one and the same Agreement. 
 If you agree to the foregoing, please sign and return this Agreement to me no later than
twenty-one days after you receive it. 
  

			
	Sincerely,
	
	ACHILLION PHARMACEUTICALS, INC.
	
	/s/ Michael D. Kishbauch
	By:	 	Michael D. Kishbauch
	Its:	 	President and Chief Executive Officer

 
			
		
	Dated:	 	June 18, 2012

 Confirmed, Agreed and Acknowledged: 
 /s/ Elizabeth A. Olek 
 Elizabeth A. Olek 
 Dated: June 18, 2012 

  
 5TIME SHARING AGREEMENT BETWEEN JAMES T. HACKETT

 EXHIBIT 10(i) 
 TIME SHARING AGREEMENT 
 THIS
TIME SHARING AGREEMENT (the “Agreement”), is made and entered into effective May 15, 2012, by and between Anadarko Petroleum Corporation, a Delaware corporation (the
“Operator” or the “Company”), and James T. Hackett (the “Passenger”). 
 RECITALS 
 WHEREAS, Operator owns and/or operates the
aircraft (individually and/or collectively, as the case may be, the “Aircraft”) listed on Schedule A hereto for business use by employees and non-employee directors of the Company in accordance with 14 C.F.R.
Part 91of the Federal Aviation Regulations (as found at 14 C.F.R. Parts 1-199 generally, the “FAR”) and the Company’s Corporate Aircraft Policy regarding the use of corporate aircraft (the “Aircraft
Policy”); and 
 WHEREAS, Operator has the right and lawful authority to enter into time sharing
agreements, as provided in §91.501 of the FAR to provide its senior executives with personal travel consistent with the Company’s Aircraft Policy; and 

WHEREAS, Operator has agreed to make the Aircraft, with flight crew, when the Aircraft and flight crew are not otherwise
needed for business purposes, available to Passenger for Passenger’s personal travel in accordance with the Aircraft Policy on a non-exclusive time-sharing basis in accordance with §91.501 of the FAR; and 

WHEREAS, the Passenger agrees to reimburse the Operator for the personal use of the Aircraft for certain flights as
permitted under the FAR and as pursuant to the terms of this Agreement, which sets forth the understanding of the parties. 
 NOW THEREFORE, Operator and Passenger declaring their intention to enter into and be bound by this Agreement, and for the good and valuable consideration set forth below, hereby covenant and agree as
follows: 
 NOW, THEREFORE, the parties hereto agree as follows: 

1.        Provision of Aircraft and Crew.  Subject to
Aircraft availability, Operator agrees to provide to Passenger the Aircraft and flight crew on a time sharing basis in accordance with the provisions of FAR Part 91, including §§ 91.501(b)(6), 91.501(c)(1) and 91.501(d) of the FAR.
Operator shall provide, at its sole expense, qualified flight crew for all flight operations under this Agreement. If Operator is no longer the operator of any of the Aircraft, Schedule A shall be deemed amended to delete any reference
to such Aircraft and this Agreement shall be terminated as to such Aircraft but shall remain in full force and effect with respect to each of the other Aircraft identified thereon, if any. No such termination shall affect any of the rights and
obligations of the parties accrued or incurred prior to such termination. If Operator becomes the operator of any aircraft not listed on Schedule A hereto, Schedule A shall be modified to include such aircraft as an Aircraft
covered by this Agreement, and thereafter this Agreement shall 

  

			
	Anadarko Aircraft Time Sharing Agreement — James T. Hackett	  	Page 1

 
remain in full force and effect with respect to such Aircraft and each of the other Aircraft identified thereon, if any. 

2.        Term.  The term of this Agreement (the
“Term”) shall commence on the date hereof and shall continue until terminated by either party on written notice to the other party, such termination to become effective 30 days from the date of the notice; provided,
however, that this Agreement may be terminated by Operator on such shorter notice as may be required for Operator to comply with applicable law, regulations, the requirements of any financial institution with a security or other interest in the
Aircraft, insurance requirements, or in the event the insurance required hereunder is not in full force and effect. This Agreement shall be terminated immediately upon the termination of Passenger’s employment with Operator. Notwithstanding the
foregoing, any provisions directly or indirectly related to Passenger’s payment obligations for flights completed prior to the date of termination and the limitation of liability provisions in Section 10 shall survive the
termination of this Agreement. 
 Reimbursement of Expenses. For each Trip or Round Trip (as such terms are
defined below) conducted under this Agreement, Passenger shall pay Operator an amount (as determined by Operator) equal to the actual expenses of operating such Trip, not to exceed the sum of the following expenses as permitted pursuant to FAR
§ 91.501(d): 
  

	 	a.	 Fuel, oil, lubricants, and other additives; 

 

	 	b.	 Travel expenses of the crew, including food, lodging, and ground transportation; 

 

	 	c.	 Hangar and tie-down costs away from the Aircraft’s base of operation; 

 

	 	d.	 Insurance obtained for the specific flight as per Section 8(b); 

 

	 	e.	 Landing fees, airport taxes, and similar assessments; 

 

			
	 f.          Customs, foreign permit,
and similar fees directly related to the flight;

  

	 	g.	 In-flight food and beverages; 

  

	 	h.	 Passenger ground transportation; 

  

	 	i.	 Flight planning and weather contract services; and 

 

			
	 j.          An additional charge
equal to one hundred percent (100%) of the expenses listed in  subsection (a) above.

 The term “Trip” shall mean a flight from a departure point to a single
destination. A “Round Trip” shall mean a flight from a departure point to one destination and back to the same departure point. In the event that Passenger travels from a departure point to multiple destinations, the Operator
will provide a separate invoice for each Trip. 

  

			
	Anadarko Aircraft Time Sharing Agreement — James T. Hackett	  	Page 2

 3.        Invoicing and
Payment.  All payments to be made to Operator by Passenger hereunder shall be paid in the manner set forth in this Section 3. Operator will pay, or cause to be paid, all expenses related to the operation of the Aircraft
hereunder in the ordinary course. Within 30 days of the end of each Trip or Round Trip, Operator shall provide or cause to be provided to Passenger an invoice showing all personal use of the Aircraft by Passenger pursuant to this Agreement
during that Trip or Round Trip and a complete accounting detailing all amounts that are payable by Passenger pursuant to Section 2 for that Trip or Round Trip (plus applicable domestic or international air transportation excise taxes,
and any other fees, taxes or charges assessed on passengers by and remitted to a government agency or airport authority). Passenger shall pay all amounts due under the invoice in a manner reasonably acceptable to Operator not later than 30 days
after receipt thereof. In the event Operator has not received all supplier invoices for reimbursable charges relating to such Trip or Round Trip prior to such invoicing, Operator shall issue a supplemental invoice(s) for such charge(s) to Passenger,
and Passenger shall pay each supplemental invoice within 30 days after receipt thereof. 

4.        Flight Requests.  Passenger shall provide the
Operator’s aviation department or designated point of contact with Trip requests for Passenger’s personal travel to be undertaken pursuant to this Agreement and proposed flight schedules as far in advance of Passenger’s desired
departure as possible, and at least 24 hours prior to Passenger’s planned departure or as may be required by law. The advance notice requirement in this Section 4 may be waived by Operator in its discretion. All flight requests for
travel under this Agreement shall be in accordance with all reasonable policies established by Operator. Flight requests shall be made by Passenger in a form that is acceptable to Operator. Operator shall have sole and exclusive authority over the
scheduling of the Aircraft. Operator shall not be liable to Passenger or any other person for loss, injury, or damage occasioned by the delay or failure to furnish the Aircraft and crew pursuant to this Agreement for any reason. In addition to
requested schedules and departure times, Passenger shall provide at least the following information for each proposed flight reasonably in advance of the desired departure time as required by Operator or its flight crew: 

 

	 	a.	 Departure point; 

  

	 	b.	 Destination; 

  

	 	c.	 Date and time of flight; 

  

	 	d.	 Number and identity of anticipated passengers; 

 

	 	e.	 Nature and extent of luggage and/or cargo expected to be carried; 

 

			
	 f.          Date and
time of return flight, if any; and

  

	 	g.	 Any other information concerning the proposed flight that may be pertinent to or required by Operator, its flight crew, or
governmental entities. 

  

			
	Anadarko Aircraft Time Sharing Agreement — James T. Hackett	  	Page 3

 5.        Operational
Authority and Control. 
  

	 	a.	 Operator shall be responsible for the physical and technical operation of the Aircraft and the safe performance of all flights under
this Agreement, and shall retain full authority and control, including exclusive operational control and exclusive possession, command and control of the Aircraft for all flights under this Agreement. 

 

	 	b.	 Operator shall furnish at its expense a fully qualified flight crew with appropriate credentials to conduct each flight undertaken
under this Agreement and included on the insurance policies that Operator is required to maintain hereunder. In accordance with applicable FAR, the qualified flight crew provided by Operator will exercise all required and/or appropriate duties and
responsibilities in regard to the safety of each flight conducted hereunder. The pilot-in-command shall have absolute discretion in all matters concerning the preparation of the Aircraft for flight and the flight itself, the load carried and its
distribution, the decision whether or not a flight shall be undertaken, the route to be flown, the place where landings shall be made, and all other matters relating to operation of the Aircraft. Passenger specifically agrees that the flight crew
shall have final and complete authority to delay or cancel any flight for any reason or condition that in the sole judgment of the pilot-in-command could compromise the safety of the flight, and to take any other action that in the sole judgment of
the pilot-in-command is necessitated by considerations of safety. No such action of the pilot-in-command shall create or support any liability to Passenger or any other person for loss, injury, damage or delay. Operator’s operation of the
Aircraft hereunder shall be strictly within the guidelines and policies established by Operator and FAR Part 91. 

  

	 	c.	 Subject to Aircraft and crew availability, Operator shall use its good faith efforts, consistent with its approved policies, to
accommodate Passenger’s needs and avoid conflicts in scheduling. Although every good faith effort shall be made to avoid its occurrence, any flights scheduled under this Agreement are subject to cancellation by either party without incurring
liability to the other party. In the event of a cancellation, the canceling party shall provide the maximum notice reasonably practicable. 

  

	 	d.	 In the absence of another flight scheduled on the aircraft by Passenger or another scheduled business trip, the Aircraft may remain at
the destination until its next required use. If the next use of the Aircraft is a business use, Operator shall not charge the Passenger for expenses associated with hangar and tie-down costs away from the Aircraft’s base of operation; if,
however, the next use of the Aircraft is by Passenger, Operator shall have the option of returning the Aircraft to its base of operations or permitting it 

  

			
	Anadarko Aircraft Time Sharing Agreement — James T. Hackett	  	Page 4

	 	 
to remain at the destination. In either event, Passenger shall pay for the associated costs. 

6.        Aircraft Maintenance. Operator shall, at its own
expense, cause the Aircraft to be inspected, maintained, serviced, repaired, overhauled, and tested in accordance with FAR Part 91 so that the Aircraft will remain in good operating condition and in a condition consistent with its airworthiness
certification and shall take such requirements into account in scheduling the Aircraft hereunder, including but not limited compliance with applicable airworthiness directives and service bulletins. Performance of maintenance, preventive maintenance
or inspection shall not be delayed or postponed for the purpose of scheduling the Aircraft unless such maintenance or inspection can safely be conducted at a later time in compliance with applicable laws, regulations and requirements, and such delay
or postponement is consistent with the sound discretion of the pilot-in-command. In the event that any non-standard maintenance is required during the term and will interfere with Passenger’s requested or scheduled flights, Operator, or
Operator’s pilot-in-command, shall notify Passenger of the maintenance required, the effect on the ability to comply with Passenger’s requested or scheduled flights and the manner in which the parties will proceed with the performance of
such maintenance and conduct of such flight(s). In no event shall Operator be liable to Passenger or any other person for loss, injury or damage occasioned by the delay or failure to furnish the Aircraft under this Agreement, whether or not
maintenance-related. 
 7.        Insurance. 

 

	 	a.	 Operator, at its expense, will maintain or cause to be maintained in full force and effect throughout the Term of this Agreement an
aviation liability and hull insurance policy including: aviation liability insurance against bodily injury and property damage claims arising out of the use of the Aircraft in an amount not less than $250 Million for each occurrence; and hull
insurance for the Aircraft in amounts determined by Operator at its sole discretion. The aviation liability coverage shall include Passenger as an insured, and include a severability of interest provision providing that the insurance shall apply
separately to each insured against whom a claim is made, except as respects the limits of liability. The aviation liability and hull insurance coverage shall include provisions whereby the insurer(s) waive all rights of subrogation they may have or
acquire against Passenger and shall permit the use of the Aircraft by Operator for compensation or hire as provided in §91.501 of the FAR. 

  

	 	b.	 Operator shall use reasonable commercial efforts to provide such additional insurance for specific flights under this Agreement as
Passenger may reasonably request. Passenger acknowledges that any trips scheduled to areas not currently covered by existing policies may require Operator to purchase additional insurance to comply with applicable regulations, and Operator shall be
required to maintain or cause to be maintained such additional insurance. The cost of all flight-specific insurance shall be borne by Passenger as provided in Section 2(d) above. 

  

			
	Anadarko Aircraft Time Sharing Agreement — James T. Hackett	  	Page 5

 8.        Use of
Aircraft.  Passenger warrants that: 
  

	 	a.	 Passenger has all necessary powers to enter into the transactions contemplated in this Agreement and has taken actions required to
authorize and approve this Agreement; 

  

	 	b.	 Passenger will use the Aircraft under this Agreement for and only for its own account, including the carriage of its guests, and will
not use the Aircraft for the purpose of providing transportation of passengers or cargo for compensation or hire or for common carriage; 

  

	 	c.	 Passenger will not permit any lien, security interest or other charge or encumbrance to attach against the Aircraft as a result of his
actions or inactions, and shall not attempt to convey, mortgage, assign, lease or in any way alienate the Aircraft or Operator’s rights hereunder or create any kind of lien or security interest involving the Aircraft or do anything or take any
action that might mature into such a lien; 

  

	 	d.	 During the Term of this Agreement, Passenger will abide by and conform to all such laws, governmental and airport orders, rules, and
regulations as shall from time to time be in effect relating in any way to the operation or use of the Aircraft by a lessee under a time sharing arrangement and all applicable policies of Operator; and 

 

	 	e.	 Passenger acknowledges that its discretion in determining the origin and destination of flights under this Agreement shall be subject
to the following: such origin and destination, and the routes to reach such origin and destination, are not within or over (i) an area of hostilities, (ii) an area excluded from coverage under the insurance policies maintained by Operator
with respect to the Aircraft, or (iii) a country or jurisdiction for which exports or transactions are subject to specific restrictions under any United States export or other law or United Nations Security Council Directive, including without
limitation, the Trading with the Enemy Act, 50 U.S.C. App. Section 1 et seq., the International Emergency Economic Powers Act, 50 U.S.C. App. Section 1700 et seq., and the Export Administration Act, 50 U.S.C. App. Sections 2401 et seq.

 9.        Limitation of
Liability.  NEITHER OPERATOR (NOR ITS AFFILIATES) MAKES, HAS MADE OR SHALL BE DEEMED TO MAKE OR HAVE MADE ANY WARRANTY OR REPRESENTATION, EITHER EXPRESS OR IMPLIED, WRITTEN OR ORAL, WITH RESPECT TO ANY AIRCRAFT TO BE USED
HEREUNDER OR ANY ENGINE OR COMPONENT THEREOF INCLUDING, WITHOUT LIMITATION, ANY WARRANTY AS TO DESIGN, COMPLIANCE WITH SPECIFICATIONS, QUALITY OF MATERIALS OR WORKMANSHIP, MERCHANTABILITY, FITNESS FOR ANY PURPOSE, USE OR OPERATION, AIRWORTHINESS,
SAFETY, PATENT, 

  

			
	Anadarko Aircraft Time Sharing Agreement — James T. Hackett	  	Page 6

 
TRADEMARK OR COPYRIGHT INFRINGEMENT OR TITLE. IN NO EVENT SHALL OPERATOR OR ITS AFFILIATES BE LIABLE FOR OR HAVE ANY DUTY FOR INDEMNIFICATION OR CONTRIBUTION TO PASSENGER OR ITS EMPLOYEES, AGENTS
OR GUESTS FOR ANY CLAIMED INDIRECT, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, REGARDLESS OF WHETHER IT KNEW OR SHOULD HAVE KNOWN OF THE POSSIBILITY OF SUCH DAMAGE, LOSS OR EXPENSE. The provisions of this Section 9 shall survive the
termination or expiration of this Agreement. 
 10.      Base of
Operations. For purposes of this Agreement, the base of operation of the Aircraft is Houston, Texas, provided that such base may be changed at Operator’s sole discretion upon notice from Operator to Passenger. 

11.      Notices and Communications. All notices and other
communications under this Agreement shall be in writing (except as permitted in Section 4) and shall be given (and shall be deemed to have been duly given upon receipt or refusal to accept receipt) by personal delivery, by facsimile or
electronic mail (with a simultaneous confirmation copy sent by first class mail properly addressed and postage prepaid), or by a reputable overnight courier service, addressed as follows: 

 

			
	 If to Operator:
	  	 Anadarko Petroleum Corporation

		  	  c/o Director of Aviation

		  	 17320 Chanute Road

		  	 Houston, TX 77032

		
	 If to Passenger:
	  	 James T. Hackett

		  	 1201 Lake Robbins Dr.

		  	 The Woodlands, TX 77380

 Or, to such other person or address as either party may from time to time designate in writing to the
other party. 
 12.      Entire Agreement.  This Agreement
constitutes the entire understanding between the parties with respect to its subject matter, and there are no representations, warranties, rights, obligations, liabilities, conditions, covenants, or agreements relating to such subject matter that
are not expressly set forth herein. There are no third-party beneficiaries of this Agreement. 

13.      Further Acts.  Operator and Passenger shall from time to
time perform such other and further acts and execute such other and further instruments as may be required by law or may be reasonably necessary (i) to carry out the intent and purpose of this Agreement, and (ii) to establish, maintain and
protect the respective rights and remedies of the other party. 

14.      Successors and Assigns.  Passenger shall not have the
right to assign, transfer or pledge this Agreement. This Agreement shall be binding on the parties hereto and their 

  

			
	Anadarko Aircraft Time Sharing Agreement — James T. Hackett	  	Page 7

 
respective heirs, executors, administrators, successors and assigns, and shall inure to the benefit of the parties hereto, and, except as otherwise provided herein, their respective heirs,
executors, administrators, other legal representatives, successors and permitted assigns. 

15.      Taxes.     Passenger shall be responsible
for paying, and Operator shall be responsible for collecting from Passenger and paying over to the appropriate authorities, all applicable Federal excise taxes imposed under IRC §4261 and all sales, use and other excise taxes imposed by any
authority in connection with the use of the Aircraft by Passenger hereunder. 

16.      Governing Law and Consent to Jurisdiction.  This Agreement
shall be governed by the laws of the State of Texas, without regard to its choice of law principles. The parties hereby consent and agree to submit to the exclusive jurisdiction and venue of any state or federal court in Texas in any proceedings
hereunder, and each hereby waives any objection to any such proceedings based on improper venue or forum non-conveniens or similar principles. The parties hereto hereby further consent and agree to the exercise of such personal jurisdiction over
them by such courts with respect to any such proceedings, waive any objection to the assertion or exercise of such jurisdiction and consent to process being served in any such proceedings in the manner provided for the giving of notices hereunder.

 17.      Severability.  If any provision of this
Agreement is held to be illegal, invalid or unenforceable, the legality, validity and enforceability of the remaining provisions shall not be affected or impaired. 

18.      Amendment or Modification.  This Agreement may be amended,
modified or terminated only in writing duly executed by the parties hereto. 

19.      Counterparts.  This Agreement may be executed in any
number of counterparts, each of which shall be deemed an original, and all of which shall constitute one and the same Agreement, binding on all the parties notwithstanding that all the parties are not signatories to the same counterpart. Each party
may transmit its signature by facsimile, and any faxed counterpart of this Agreement shall have the same force and effect as a manually-executed original. 
 20.      Truth-in-Leasing Compliance.  Operator, on behalf of Passenger, shall (i) deliver a copy of this Agreement to the Federal Aviation
Administration, Aircraft Registration Branch, Attn: Technical Section, P.O. Box 25724, Oklahoma City, Oklahoma 73125 within 24 hours of its execution, (ii) notify the appropriate Flight Standards District Office at least 48 hours prior to the
first flight under this Agreement of the registration number of the Aircraft, and the location of the airport of departure and departure time for such flight, and (iii) carry a copy of this Agreement onboard the Aircraft at all times when the
Aircraft is being operated under this Agreement. 
 20A.    Subordination; Consent
to Assignment. 
  

	 	I.	 5169 Aircraft/680-0024 Aircraft 

  

			
	Anadarko Aircraft Time Sharing Agreement — James T. Hackett	  	Page 8

 This Agreement, to the extent it relates to the 5169 Aircraft (as such term
is defined below) and/or the 680-0024 Aircraft (as such term is defined below), as the case may be, is subject to the terms and provisions of: 
 (i)  that certain Aircraft Lease (S/N 5169) dated as of September 26, 2007 (as amended, collectively, the “5169 Aircraft Lease”) between APC Aviation, Inc. (“APC”) and
Bank of America, N.A. (“Bank of America”) regarding that certain Gulfstream Aerospace GV-SP (G550) (shown on the International Registry as Gulfstream GV-SP (G550)) aircraft, bearing U.S. Registration Mark N203A (formerly N569GA) and
manufacturer’s serial number 5169 (the “5169 Aircraft”); 
 (ii)  that certain Aircraft
Lease (S/N 680-0024) dated as of April 27, 2005 (as amended, collectively, the “680-0024 Aircraft Lease”) between APC and Banc of America Leasing & Capital, LLC (“Banc of America Leasing”) regarding that certain
Cessna 680 (a/k/a Citation Sovereign) aircraft bearing U.S. Registration Mark N565A and manufacturer’s serial no. 680-0024 (the “680-0024 Aircraft”); 

(iii)  that certain Aircraft Sublease dated as of February 14, 2008 (as amended, collectively, the
“5169 Aircraft Sublease”) between APC and Operator regarding the 5169 Aircraft; 
 (iv) that
certain Consent to Sublease and Assignment dated as of February 14, 2008 (the “5169 Consent to Sublease”) between Bank of America, APC and Operator regarding the 5169 Aircraft; 

(v) that certain Aircraft Sublease dated as of April 29, 2005 (as amended, collectively, the “680-0024
Aircraft Sublease”) between APC and Operator; 
 (vi) that certain Consent to Sublease and Assignment
dated as of April 29, 2005 (the “680-0024 Consent to Sublease”) between Banc of America Leasing, APC and Operator regarding the 680-0024 Aircraft; and 

(vii) any related documents, agreements or instruments of any kind whatsoever relating to any of the 5169 Aircraft
Lease, the 680-0024 Aircraft Lease, the 5169 Aircraft Sublease, the 680-0024 Aircraft Sublease, the 5169 Consent to Sublease and/or the 680-0024 Consent to Sublease. 

Without limiting the generality of the foregoing, the rights of APC, Operator, Passenger and any other party, person or
entity of any kind whatsoever claiming through any of APC, Operator or Passenger with respect to the 5169 Aircraft and/or the 680-0024 Aircraft (and any and all proceeds thereof, including, any insurance proceeds) shall be subject and subordinate in
all respects to any and all of the rights, privileges, powers, entitlements, benefits, remedies, title or interests of Bank of America in or to the 5169 Aircraft (and any and all proceeds thereof, including, any insurance proceeds) and of Banc of
America Leasing in or to the 680-0024 Aircraft (and any and all proceeds thereof, including, any insurance proceeds), including, all of their respective rights and remedies under or in connection with any of the 5169 Aircraft Lease, the 680-0024
Aircraft Lease, the 5169 Aircraft Sublease, the 680-0024 Aircraft Sublease, the 5169 Consent to Sublease, the 680-0024 Consent to Sublease and any related documents, agreements or instruments of any kind whatsoever (including, without limitation,
Bank of America’s and Banc of America 

  

			
	Anadarko Aircraft Time Sharing Agreement — James T. Hackett	  	Page 9

 
Leasing’s respective right to repossess the 5169 Aircraft and/or 680-0024 Aircraft, as the case may be, and to terminate this Agreement with respect to the 5169 Aircraft and/or 680-0024
Aircraft, as the case may be, pursuant to the 5169 Aircraft Lease, the 680-0024 Aircraft Lease and this Section). In addition, and notwithstanding anything to the contrary set forth in this Agreement or otherwise, upon the occurrence of any Event of
Default (as such term is defined in each of the 5169 Aircraft Lease and the 680-0024 Aircraft Lease) under or in connection with 5169 Aircraft Lease and/or the 680-0024 Aircraft Lease, this Agreement shall automatically and immediately terminate
with respect to the 5169 Aircraft and/or 680-0024 Aircraft, as the case may be. 
  

	 	II.	 5307 Aircraft 

 This Agreement, to the extent it relates to the 5307 Aircraft (as such term is defined below), is subject to the terms and provisions of: 

(i)  that certain Aircraft Lease (S/N 5307) dated as of November 15, 2010 (as amended, the “5307
Aircraft Lease”) between APC Aviation, Inc. (“APC”) and Wells Fargo Equipment Finance, Inc. (“WFEFI”) regarding that certain Gulfstream Aerospace GV-SP (G550) (shown on the International Registry as Gulfstream GV-SP (G550))
aircraft, bearing U.S. Registration Mark N288A (formerly N507GA) and manufacturer’s serial number 5307 (the “5307 Aircraft”); 
 (ii)    that certain Aircraft Sublease dated as of March 3, 2011 (as amended, collectively, the “5307 Aircraft Sublease”) between APC and Operator regarding the 5307
Aircraft; 
 (iii) that certain Collateral Assignment of Agreement dated March 3, 2011 between APC and
WFEFI and 
 (iv)  any related documents, agreements or instruments of any kind whatsoever relating to
any of the 5307 Aircraft Lease and the 5307 Aircraft Sublease 
 (collectively, the “5307 Documents”).

 Without limiting the generality of the foregoing, the rights of APC, Operator, Passenger and any other party,
person or entity of any kind whatsoever claiming through any of APC, Operator or Passenger with respect to the 5307 Aircraft (and any and all proceeds thereof, including, any insurance proceeds) shall be subject and subordinate in all respects to
any and all of the rights, privileges, powers, entitlements, benefits, remedies, title or interests of WFEFI in or to the 5307 Aircraft (and any and all proceeds thereof, including, any insurance proceeds), including, all of WFEFI’s rights and
remedies under or in connection with any of the 5307 Documents (including, without limitation, WFEFI’s right to repossess the 5307 Aircraft and to terminate this Agreement with respect to the 5307 Aircraft. In addition, and notwithstanding
anything to the contrary set forth in this Agreement or otherwise, upon the occurrence of any Event of Default (as such term is defined in the 5307 Aircraft Lease and the 5307 Aircraft Sublease), this Agreement shall automatically and immediately
terminate with respect to the 5307 Aircraft. 

  

			
	Anadarko Aircraft Time Sharing Agreement — James T. Hackett	  	Page 10

 Without limiting the generality of any terms or provisions of this Agreement
or otherwise, Passenger hereby acknowledges and consents to the assignment by Operator of Operator’s right, title and interest in and to this Agreement (i) as it relates to the 5169 Aircraft to Bank of America and its successors and
assigns, (ii) as it relates to the 680-0024 Aircraft to Banc of America Leasing and its successors and assigns and (iii) as it relates to the 5307 Aircraft to WFEFI and its successors and assigns. 

[Truth-in-Leasing and Signature Page Follows] 

  

			
	Anadarko Aircraft Time Sharing Agreement — James T. Hackett	  	Page 11

 21.      TRUTH-IN-LEASING STATEMENT
PURSUANT TO SECTION 91.23 OF THE FEDERAL AVIATION REGULATIONS. 
 OPERATOR CERTIFIES THAT EACH OF
THE AIRCRAFT HAS BEEN INSPECTED AND MAINTAINED DURING THE 12-MONTH PERIOD PRECEDING THE DATE OF THIS AGREEMENT (OR SUCH SHORTER PERIOD AS OPERATOR SHALL HAVE POSSESSED THE AIRCRAFT) IN ACCORDANCE WITH THE PROVISIONS OF PART 91 OF THE FEDERAL
AVIATION REGULATIONS. EACH OF THE AIRCRAFT WILL BE MAINTAINED AND INSPECTED IN COMPLIANCE WITH THE MAINTENANCE AND INSPECTION REQUIREMENTS FOR ALL OPERATIONS TO BE CONDUCTED UNDER THIS AGREEMENT. 

OPERATOR AGREES, CERTIFIES AND ACKNOWLEDGES, AS EVIDENCED BY ITS SIGNATURE BELOW, THAT WHENEVER ANY OF THE AIRCRAFT
IS OPERATED UNDER THIS AGREEMENT, OPERATOR SHALL BE KNOWN AS, CONSIDERED, AND SHALL IN FACT BE THE OPERATOR OF THE AIRCRAFT, AND THAT OPERATOR UNDERSTANDS ITS RESPONSIBILITIES FOR COMPLIANCE WITH APPLICABLE FEDERAL AVIATION REGULATIONS.

 THE PARTIES UNDERSTAND THAT AN EXPLANATION OF FACTORS AND PERTINENT FEDERAL AVIATION REGULATIONS
BEARING ON OPERATIONAL CONTROL CAN BE OBTAINED FROM THE NEAREST FAA FLIGHT STANDARDS DISTRICT OFFICE. 
 IN
WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed on the day and year first above written. The persons signing below warrant their authority to sign. 

 

									
	 Anadarko Petroleum Corporation
	  		  	 JAMES T. HACKETT
	  	
					
	 By:
	  	 /s/ Robert K. Reeves
	  		  	 /s/ James T. Hackett
	  	
		  	 Robert K. Reeves
	  		  		  	
		  	 Senior Vice President, General Counsel
	  		  	
		  	 and Chief Administrative Officer
	  		  		  	

 A legible copy of this Agreement shall be kept in the Aircraft 

for all operations conducted hereunder. 

  

			
	Anadarko Aircraft Time Sharing Agreement — James T. Hackett	  	Page 12

 SCHEDULE A 
  

					
	 Type of Aircraft
	  	
U.S. Registration Number
	  	
Manufacturer Serial Number

	 Cessna Sovereign
	  	 N565A
	  	 024

	 Gulfstream G550
	  	 N288A
	  	 5307

	 Gulfstream G550
	  	 N273A
	  	 5273

	 Gulfstream G550
	  	 N203A
	  	 5169

  

			
	Anadarko Aircraft Time Sharing Agreement — James T. Hackett	  	Page 13

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00206-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00206-of-00352.parquet"}]]