Document:

exv10w1

 

		
	 	
    EXHIBIT 10.1

2005 STOCK PLAN

FOR NON-EMPLOYEE DIRECTORS

OF

NOBLE ENERGY, INC.

RECITALS

     
A.     Effective as
of April 26, 2005,
the Board of Directors of Noble Energy, Inc., a Delaware
corporation (the “Company”), hereby adopts this 2005
Stock Plan for Non-Employee Directors of Noble Energy, Inc. (the
“Plan”).

     
B.     The purposes of the Plan are to
provide to each of the directors of the Company who is not an
employee of the Company or one of its affiliates an added
incentive to continue in the service of the Company and a more
direct interest in the future success of the operations of the
Company by granting to such directors (i) options to
purchase shares of the Company’s common stock, par value
$3.331/3
per share (the “Common Stock”), and (ii) awards
of restricted shares of Common Stock, in each case subject to
the terms and conditions set forth below.

ARTICLE I

General

     
1.01     Definitions. Unless the
context clearly indicates otherwise, when used in this Plan:

		
	 	     
    (a) “Affiliate” means any corporation,
    partnership, limited liability company, association, trust or
    other organization which, directly or indirectly, controls, is
    controlled by, or is under common control with, the Company.
	 
	 	     
    (b) “Awardee” means, with respect to a Stock
    Award, the Non-Employee Director to whom the Stock Award has
    been granted pursuant to the Plan.
	 
	 	     
    (c) “Board of Directors” means the Board of
    Directors of the Company.
	 
	 	     
    (d) “Common Stock” means the Company’s
    common stock, par value
    $3.331/3
    per share.
	 
	 	     
    (e) “Company” means Noble Energy, Inc., a
    Delaware corporation.
	 
	 	     
    (f) “Effective Date” means
    April 26, 2005.
	 
	 	     
    (g) “Employee” means an individual who, at the
    time of the performance of his or her services for the Company
    or one of its Affiliates, is treated by the Company or such
    Affiliate as an employee for federal income tax purposes.
	 
	 	     
    (h) “Fair Market Value” means, with respect to a
    share of Common Stock, the closing sales price per share of
    Common Stock on the New York Stock Exchange on the date in
    question (or, if there was no reported sale on the New York
    Stock Exchange on such date, then on the last preceding day on
    which any reported sale occurred on the New York Stock Exchange).
	 
	 	     
    (i) “Holder” means, with respect to an Option,
    the Non-Employee Director to whom the Option has been granted
    pursuant to the Plan.
	 
	 	     
    (j) “Non-Employee Director” means an individual
    who (i) is a member of the Board of Directors by virtue of
    being elected to the Board of Directors by the stockholders of
    the Company or by the Board of Directors under applicable
    corporate law, and (ii) is not an Employee of the Company
    or one of its Affiliates.
	 
	 	     
    (k) “Option” means an option to purchase shares
    of Common Stock granted pursuant to Article III of the Plan.

1

 

		
	 	     
    (l) “Permitted Transferee” means, with respect to
    a Holder, (i) any child, stepchild, grandchild, parent,
    stepparent, grandparent, spouse, former spouse, sibling, niece,
    nephew, mother-in-law, father-in-law, son-in-law,
    daughter-in-law, brother-in-law or sister-in-law of the Holder,
    including adoptive relationships, (ii) any person sharing
    the Holder’s household (other than a tenant or an
    employee), (iii) a trust in which the persons described in
    clauses (i) and (ii) above have more than fifty
    percent of the beneficial interest, (iv) a foundation in
    which the Holder and/or persons described in clauses
    (i) and (ii) above control the management of assets,
    and (v) any other entity in which the Holder and/or persons
    described in clauses (i) and (ii) above own more than
    fifty percent of the voting interests.
	 
	 	     
    (m) “Plan” means this 2005 Stock Plan for
    Non-Employee Directors of Noble Energy, Inc. as in effect from
    time to time.
	 
	 	     
    (n) “Restricted Period” means, with respect to a
    Stock Award, the period during which the restrictions, terms and
    conditions applicable to the shares of Common Stock granted
    under such Stock Award have not been satisfied.
	 
	 	     
    (o) “Stock Award” means an award of restricted
    shares of Common Stock granted pursuant to Article IV of
    the Plan.

     
1.02     Construction. The
titles to the Articles and the headings of the Sections in this
Plan are placed herein for convenience of reference only, and
shall not be deemed to be material or relevant to the
construction or interpretation of the Plan. Terms in masculine,
feminine and neuter genders shall be construed to include any
other gender, and words in the singular form shall be construed
to include the plural form, and vice versa, unless the context
clearly indicates otherwise.

ARTICLE II

Administration

     
The Plan shall be administered by the Board of Directors.
Subject to the express provisions of the Plan, the Board of
Directors shall have the authority, in its discretion, to
(a) determine which Non-Employee Directors will be granted
Options and Stock Awards, (b) determine the number of
shares of Common Stock to be made subject to each Option or
Stock Award, (c) determine the exercise price for the
shares of Common Stock to be made subject to each Option (which
exercise price per share shall not be less than the Fair Market
Value of such share on the date such Option is granted),
(d) determine the period within which each Option may be
exercised (which exercise period shall not exceed ten years from
the date such Option is granted), (e) determine the
restrictions (including forfeiture restrictions), terms and
conditions to be applicable to each Option or Stock Award,
(f) construe and interpret the provisions of the Plan and
any agreement evidencing an Option or Stock Award,
(g) amend the agreement evidencing the grant of any Option
or Stock Award to accelerate its exercisability or the lapse of
its restrictions or otherwise modify the restrictions, terms and
conditions applicable to such Option or Stock Award, and
(h) adopt such rules and procedures, appoint such agents
and take all such other action as the Board of Directors may
deem to be necessary or appropriate for the proper
administration of the Plan. The decisions of the Board of
Directors with respect to the Plan and any Option or Stock Award
shall be final and binding upon the Company, the Holders and
Awardees, and all other persons having or claiming to have an
interest in the Plan or an Option or Stock Award granted
pursuant to the Plan. No member of the Board of Directors shall
incur any liability by reason of any action taken or omitted in
good faith with respect to the Plan or an Option or Stock Award
granted pursuant to the Plan.

ARTICLE III

Options

     
3.01     Grant of Options. Each
new Non-Employee Director shall be granted an option to purchase
5,600 shares of Common Stock on the date of his or her election
to the Board of Directors as a director. On each February 1
after the Effective Date, each incumbent Non-Employee Director
shall be granted an option

2

 

to purchase 1,400 shares of Common Stock. In addition to the
foregoing automatic grants of Options, at any time and from time
to time the Board of Directors in its discretion may grant an
additional Option to any Non-Employee Director who previously
has received or concurrently is receiving a February 1
automatic Option grant; provided, however, that the aggregate
number of shares of Common Stock that may be subject to Options
granted pursuant to this sentence to a particular Non-Employee
Director during any calendar year, when added to the number of
shares of Common Stock that are subject to the Option
automatically granted to such Non-Employee Director on
February 1 of that year, shall not exceed 5,600. Each
Option granted pursuant to the Plan shall be subject to the
restrictions, terms and conditions set forth in
Section 3.02 below, and to such other restrictions
(including forfeiture restrictions), terms and conditions not
inconsistent therewith or with the other provisions of the Plan
as shall be determined by the Board of Directors in its
discretion at the time of the granting of such Option.

     
3.02     Option Terms and Agreement.
The price at which each share of Common Stock that is
subject to an Option may be purchased shall be the Fair Market
Value of such share on the date of the grant of such Option.
Each Option shall be exercisable from time to time over the
period of time commencing one year from the date of the grant of
such Option and ending, unless terminated earlier pursuant to
the provisions of Section 3.02(a) hereof, (a) in the
case of an Option automatically granted under the Plan, upon the
expiration of ten years from the date of such grant, or
(b) in the case of an Option granted by the Board of
Directors in its discretion, upon the expiration date specified
for such Option by the Board of Directors at the time of the
grant of such Option; provided, however, that each Option
granted to a Holder shall become exercisable in full upon the
death of the Holder or upon the mandatory retirement of the
Holder as a regular director because of age in accordance with
Article III of the By-laws of the Company. Each Option
granted under the Plan shall be evidenced by a written agreement
entered into by the Company and the Non-Employee Director to
whom the Option is granted, which agreement shall be in such
form as the Board of Directors may prescribe, and shall include,
incorporate or conform to the following terms and conditions,
and such other terms and conditions not inconsistent therewith
or with the other provisions of the Plan, as the Board of
Directors may deem to be appropriate:

		
	 	     
    (a)     Termination of Service,
    Death, Etc. The agreement evidencing the grant of an Option
    shall provide as follows with respect to the exercise of such
    Option in the event that the Holder ceases to be a Non-Employee
    Director for the reasons set forth below:

		
	 	     
    (i) If the Holder ceases to be a director of the Company on
    account of such Holder’s (A) fraud or intentional
    misrepresentation, or (B) embezzlement, misappropriation or
    conversion of assets or opportunities of the Company or any
    Affiliate, then the Option shall automatically terminate and be
    of no further force or effect as of the date the Holder’s
    directorship terminated;
	 
	 	     
    (ii) If the Holder dies or becomes disabled (within the
    meaning of section 22(e)(3) of the Internal Revenue Code of
    1986, as amended, as determined by the Board of Directors in its
    discretion) while a director of the Company, the Option may be
    exercised prior to the earlier of (A) the expiration of
    five years after such death or disability, or (B) the
    expiration of the exercise period applicable to such Option, but
    not thereafter, by the executor or administrator of the estate
    of the Holder, or by the person or persons who shall have
    acquired the Option by bequest or inheritance or permitted
    transfer; or
	 
	 	     
    (iii) If the directorship of a Holder is terminated within
    the exercise period applicable to such Option for any reason
    other than a reason specified in paragraphs (i) and
    (ii) of this Section 3.02(a), such Option may be
    exercised, to the extent the Holder was able to do so at the
    date of termination of the directorship, prior to the earlier of
    (A) the expiration of five years after such termination, or
    (B) the expiration of the exercise period applicable to
    such Option, but not thereafter.

		
	 	     
    (b)     Transferability. Except
    as provided in this Section, no Option granted under the Plan
    shall be (i) transferable otherwise than by will or the
    laws of descent and distribution, or (ii) exercisable
    during the lifetime of the Holder by anyone other than the
    Holder. An Option granted under the Plan to a Holder may be
    transferred by such Holder to a Permitted Transferee (as defined
    below), provided that

3

 

		
	 	
    (i) there is no consideration for such transfer (other than
    receipt by the Holder of interests in an entity that is a
    Permitted Transferee); (ii) the Holder (or such
    Holder’s estate or representative) shall remain obligated
    to satisfy all income or other tax withholding obligations
    associated with the exercise of such Option; (iii) the
    Holder shall notify the Company in writing that such transfer
    has occurred and disclose to the Company the name and address of
    the Permitted Transferee and the relationship of the Permitted
    Transferee to the Holder; and (iv) such transfer shall be
    effected pursuant to transfer documents in a form approved by
    the Board of Directors. A Permitted Transferee may not further
    assign or transfer any such transferred Option otherwise than by
    will or the laws of descent and distribution. Following the
    transfer of an Option to a Permitted Transferee, such Option
    shall continue to be subject to the same terms and conditions
    that applied to it prior to its transfer by the Holder, except
    that it shall be exercisable by the Permitted Transferee to whom
    such transfer was made rather than by the transferring Holder.
	 
	 	     
    (c)     Agreement to Continue in
    Service. Each Holder shall agree to remain in the continuous
    service of the Company, at the pleasure of the Company’s
    stockholders, at least until the earlier of one year after the
    date of the grant of any Option or the mandatory retirement of
    the Holder as a regular director because of age in accordance
    with Article III of the By-laws of the Company, at the
    retainer rate and fee schedule then in effect or at such changed
    rate or schedule as the Company from time to time may establish.
	 
	 	     
    (d)     Exercise and Payments.
    Each agreement evidencing the grant of an Option shall
    provide that such Option may be exercised by delivery to the
    President of the Company of, or by sending by United States
    registered or certified mail, postage prepaid, addressed to the
    Company (for the attention of its President), a written notice
    signed by Holder specifying the number of shares of Common Stock
    with respect to which such Option is being exercised. Such
    notice shall be accompanied by the full amount of the exercise
    price of such shares. Any such notice shall be deemed to be
    given on the date on which the same was deposited in a regularly
    maintained receptacle for the deposit of United States mail,
    addressed and sent as above-stated. In addition to the
    foregoing, promptly after demand by the Company, the exercising
    Holder shall pay to the Company an amount equal to any
    applicable withholding taxes due in connection with such
    exercise. The foregoing provisions of this paragraph to the
    contrary notwithstanding, at the request of an exercising Holder
    or Permitted Transferee and to the extent permitted by
    applicable law, the Company shall approve arrangements with a
    brokerage firm or firms under which any such brokerage firm
    shall, on behalf of the exercising Holder or Permitted
    Transferee, make payment in full to the Company of the exercise
    price of the shares of Common Stock then being purchased, and
    the Company, pursuant to an irrevocable notice in writing from
    the exercising Holder or Permitted Transferee, shall make prompt
    delivery of one or more certificates for the appropriate number
    of shares of Common Stock to such brokerage firm. Payment in
    full for purposes of the immediately preceding sentence shall
    mean payment of the full amount due, either in cash or by
    certified check or cashier’s check.

ARTICLE IV

Stock Awards

     
4.01     Grant of Stock Awards.
Each new Non-Employee Director shall be granted a Stock
Award of 2,400 shares of Common Stock on the date of his or her
election to the Board of Directors as a director. On each
February 1 after the Effective Date, each incumbent
Non-Employee Director shall be granted a Stock Award of 600
shares of Common Stock. In addition to the foregoing automatic
grants of Stock Awards, at any time and from time to time the
Board of Directors may grant an additional Stock Award to any
Non-Employee Director who previously has received or
concurrently is receiving a February 1 automatic Stock
Award grant; provided, however, that the aggregate number of
shares of Common Stock that may be subject to Stock Awards
granted pursuant to this sentence to a particular Non-Employee
Director during any calendar year, when added to the number of
shares of Common Stock that are subject to the Stock Award
automatically granted to such Non-Employee Director on
February 1 of that year, shall not exceed 2,400.

4

 

Each Stock Award granted pursuant to the Plan shall be subject
to the restrictions, terms and conditions set forth in
Sections 4.02 and 4.03 below, and to such other
restrictions (including forfeiture restrictions), terms and
conditions not inconsistent therewith or with the other
provisions of the Plan as shall be determined by the Board of
Directors in its discretion at the time of the granting of such
Stock Award.

     
4.02      Stock Award Restrictions.
The shares of Common Stock granted under each Stock Award
shall be restricted for a period of at least one year from the
date of the grant of such Stock Award. No share of Common Stock
granted under a Stock Award may be sold, assigned, transferred,
discounted, exchanged, pledged or otherwise encumbered or
disposed of until all of the restrictions, terms and conditions
applicable to such shares have been satisfied. Each Stock Award
granted under the Plan shall be evidenced by a written agreement
entered into by the Company and the Non-Employee Director to
whom the Stock Award is granted, which agreement shall be in
such form as the Board of Directors may prescribe, and shall
include, incorporate or conform to the following terms and
conditions, and such other terms and conditions not inconsistent
therewith or with the other provisions of the Plan, as the Board
of Directors may deem to be appropriate:

		
	 	     
    (a)     Termination of Service,
    Death, Etc. Each agreement evidencing a Stock Award shall
    provide as follows in the event that during the Restricted
    Period applicable to such Stock Award the Awardee thereof ceases
    to be a Non-Employee Director for the reasons described below:

		
	 	     
    (i) If the Awardee ceases to be a director of the Company
    on account of such Awardee’s (A) fraud or intentional
    misrepresentation, or (B) embezzlement, misappropriation or
    conversion of assets or opportunities of the Company or any
    Affiliate, then all of the shares of Common Stock granted under
    such Stock Award shall be forfeited by the Awardee to the
    Company, and shall be transferred to the Company by the Awardee.
	 
	 	     
    (ii) If the Awardee dies or becomes disabled (within the
    meaning of section 22(e)(3) of the Internal Revenue Code of
    1986, as amended, as determined by the Board of Directors in its
    discretion) while a director of the Company, or retires as a
    regular director of the Company because of age in accordance
    with the mandatory retirement provisions of Article III of
    the By-laws of the Company, all restrictions, terms and
    conditions applicable to the shares of Common Stock granted
    under such Stock Award shall terminate, and such shares shall be
    delivered to the Awardee (or in the event of the Awardee’s
    death, to the Awardee’s estate) free of such restrictions,
    terms and conditions.

     
4.03     Additional Conditions.
An Awardee shall be the record owner of the shares of Common
Stock granted under a Stock Award and shall have all the rights
of a stockholder with respect to such shares, including the
right to vote and the right to receive dividends or other
distributions made or paid with respect to such shares. During
the Restricted Period applicable to the shares of Common Stock
granted under a Stock Award, the certificate or certificates
representing such shares shall bear a legend similar to the
following:

		
	 	     
    The shares represented by this certificate have been issued
    pursuant to the terms of the 2005 Stock Plan for Non-Employee
    Directors of Noble Energy, Inc., and may not be sold, assigned,
    transferred, discounted, exchanged, pledged or otherwise
    encumbered or disposed of in any manner except as set forth in
    the terms of the agreement embodying the award of such shares
    dated
                   
    ,
              
    .

     
In order to enforce the restrictions, terms and conditions that
are applicable to the shares of Common Stock granted under a
Stock Award, the Board of Directors may require the Awardee
thereof, upon the receipt of a certificate or certificates
representing such shares, or at any time thereafter during the
Restricted Period applicable to such Stock Award, to deposit
such certificate or certificates, together with stock powers and
other instruments of transfer, appropriately endorsed in blank,
with the Company or an escrow agent designated by the Company
under an escrow agreement in such form as by the Board of
Directors shall prescribe. After the satisfaction of the
restrictions, terms and conditions applicable to such shares, a
new certificate, without the legend set forth above, for the
number of shares that are no longer subject to such
restrictions, terms and conditions shall be delivered to the
Awardee. Any provision of this Plan to the contrary
notwithstanding, the Board of Directors shall have the authority
in its discretion to cancel at any time all or

5

 

any portion of any outstanding restrictions, terms and
conditions applicable to all or any portion of the shares of
Common Stock granted under a Stock Award.

ARTICLE V

Authorized Common Stock

     
5.01     Common Stock. The total
number of shares of Common Stock as to which Options and Stock
Awards may be granted pursuant to the Plan shall be 400,000, in
the aggregate, except as such number of shares shall be adjusted
from and after the Effective Date in accordance with the
provisions of Section 5.02 hereof. If any outstanding
Option under the Plan shall expire or be terminated for any
reason before the end of the exercise period applicable to such
Option, the shares of Common Stock allocable to the unexercised
portion of such Option may again be subject to the Plan. The
Company shall, at all times during the existence of outstanding
Options, retain as authorized and unissued shares of Common
Stock at least the number of shares from time to time subject to
the outstanding Options or otherwise assure itself of its
ability to perform its obligation under the Plan.

     
5.02     Adjustments Upon Changes in
Common Stock. In the event the Company shall effect a split
of the outstanding shares of Common Stock or pay a dividend in
shares of Common Stock, or in the event the outstanding shares
of Common Stock shall be combined into a smaller number of
shares, (a) the number of shares of Common Stock that will
be subject to Options or Stock Awards granted automatically
pursuant to the provisions of Section 3.01 or 4.01 hereof,
(b) the aggregate number of shares of Common Stock that may
be subject to Options or Stock Awards granted automatically and
by the Board of Directors in its discretion to a particular
Non-Employee Director during any calendar year pursuant to the
provisions of Section 3.01 or 4.01 hereof, and (c) the
maximum number of shares of Common Stock as to which Options and
Stock Awards may be granted under the Plan as provided in
Section 5.01 hereof, shall be increased or decreased
proportionately. In the event that before delivery by the
Company of all of the shares of Common Stock in respect of which
any Option has been granted under the Plan, the Company shall
have effected such a split, dividend or combination, the shares
still subject to the Option shall be increased or decreased
proportionately and the purchase price per share shall be
increased or decreased proportionately so that the aggregate
purchase price for all of the then optioned shares shall remain
the same as immediately prior to such split, dividend or
combination. In the event of a reclassification of the shares of
Common Stock not covered by the foregoing, or in the event of a
liquidation or reorganization, including a merger, consolidation
or sale of assets, the Board of Directors of the Company shall
make such adjustments, if any, as it may deem appropriate in the
number, purchase price and kind of shares covered by the
unexercised portions of Options theretofore granted under the
Plan. The provisions of this Section 5.02 shall only be
applicable if, and only to the extent that, the application
thereof does not conflict with any valid governmental statute,
regulation or rule.

ARTICLE VI

General Provisions

     
6.01     Change in Control. If a
Change in Control occurs while an Option is outstanding, such
Option shall become exercisable in full. If a Change in Control
occurs during the Restricted Period applicable to a Stock Award,
all of the restrictions, terms and conditions applicable to the
shares of Common Stock granted under such Stock Award shall
terminate, and such shares shall be delivered to the Awardee of
such Stock Award free of such restrictions, terms and
conditions. For the purposes of this Plan, a “Change in
Control” shall be deemed to have occurred if:

		
	 	     
    (a) individuals who, as of the date hereof, constitute the
    Board of Directors of the Company (the “Incumbent
    Board”) cease for any reason to constitute at least
    fifty-one percent (51%) of the Board of Directors of the
    Company, provided that any person becoming a director subsequent
    to the date hereof whose election, or nomination for election by
    the Company’s stockholders was approved by a vote of at
    least a majority of the directors then comprising the Incumbent
    Board shall be, for purposes of this Plan, considered as though
    such person were a member of the Incumbent Board;

6

 

		
	 	     
    (b) the stockholders of the Company shall approve a
    reorganization, merger or consolidation, in each case, with
    respect to which persons who were the stockholders of the
    Company immediately prior to such reorganization, merger or
    consolidation do not, immediately thereafter, own outstanding
    voting securities representing at least fifty-one percent (51%)
    of the combined voting power entitled to vote generally in the
    election of directors (“Voting Securities”) of the
    reorganized, merged or consolidated company;
	 
	 	     
    (c) the stockholders of the Company shall approve a
    liquidation or dissolution of the Company or a sale of all or
    substantially all of the stock or assets of the Company; or
	 
	 	     
    (d) any “person,” as that term is defined in
    Section 3(a)(9) of the Securities Exchange Act of 1934, as
    amended (the “Exchange Act”) (other than the Company,
    any of its subsidiaries, any employee benefit plan of the
    Company or any of its subsidiaries, or any entity organized,
    appointed or established by the Company for or pursuant to the
    terms of such a plan), together with all “affiliates”
    and “associates” (as such terms are defined in
    Rule 12b-2 under the Exchange Act) of such person (as well
    as any “Person” or “group” as those terms
    are used in Sections 13(d) and 14(d) of the Exchange Act),
    shall become the “beneficial owner” or
    “beneficial owners” (as defined in Rules 13d-3
    and 13d-5 under the Exchange Act), directly or indirectly, of
    securities of the Company representing in the aggregate
    twenty-five percent (25%) or more of either (i) the then
    outstanding shares of Common Stock, or (ii) the Voting
    Securities of the Company, in either such case other than solely
    as a result of acquisitions of such securities directly from the
    Company. Without limiting the foregoing, a person who, directly
    or indirectly, through any contract, arrangement, understanding,
    relationship or otherwise has or shares the power to vote, or to
    direct the voting of, or to dispose, or to direct the
    disposition of, Common Stock or other Voting Securities of the
    Company shall be deemed the beneficial owner of such Common
    Stock or Voting Securities.

Notwithstanding the foregoing, a “Change in Control”
of the Company shall not be deemed to have occurred for purposes
of subparagraph (d) of this Section 6.01 solely as the
result of an acquisition of securities by the Company which, by
reducing the number of shares of Common Stock or other Voting
Securities of the Company outstanding, increases (i) the
proportionate number of shares of Common Stock beneficially
owned by any person to twenty-five percent (25%) or more of the
shares of Common Stock then outstanding or (ii) the
proportionate voting power represented by the Voting Securities
of the Company beneficially owned by any person to twenty-five
percent (25%) or more of the combined voting power of all then
outstanding Voting Securities; provided, however, that if any
person referred to in clause (i) or (ii) of this
sentence shall thereafter become the beneficial owner of any
additional shares of Common Stock or other Voting Securities of
the Company (other than a result of a stock split, stock
dividend or similar transaction), then a Change in Control of
the Company shall be deemed to have occurred for purposes of
subparagraph (d) of this Section 6.01.

     
6.02     Termination of the Plan.
The Board of Directors shall have the right and power to
terminate this Plan at any time. If not sooner terminated by
such action of the Board of Directors, the Plan shall terminate
at the close of business on March 31, 2015. No Option or
Stock Award shall be granted under the Plan after its
termination. Except as otherwise provided in Section 6.05
hereof, after the termination of the Plan an Option or Stock
Award that has been granted prior to such termination shall
remain in effect in accordance with the provisions of the
agreement evidencing such Option or Stock Award.

     
6.03     Amendment of the Plan.
Subject to the limitations set forth in this
Section 6.03, the Board of Directors may at any time and
from time to time amend, modify or suspend the Plan. No such
amendment, modification or suspension shall (a) adversely
affect an Option or Stock Award theretofore granted to any
Holder or Awardee, or deprive any Holder or Awardee of any
shares of Common Stock he or she has acquired or may acquire
under such an Option or Stock Award, without his or her written
consent, or (b) be made without the approval of the
stockholders of the Company if such amendment, modification or
suspension would (i) expand the types of grants or awards
that may be made under the Plan, (ii) increase the total
number of shares of Common Stock that may be granted under the
Plan or decrease the exercise price of Options granted or to be
granted under the Plan (other than as provided in
Section 5.02 hereof), (iii) materially expand the
class of persons eligible to be granted Options or Stock Awards
under the Plan,

7

 

(iv) materially increase the benefits accruing to Holders
or Awardees under the Plan, (v) extend the term of the Plan
or the exercise period applicable to an Option, or
(vi) constitute a material revision of the Plan requiring
stockholder approval under the New York Stock Exchange Corporate
Governance Listing Standards or applicable law.

     
6.04     Treatment of Proceeds.
Proceeds from the sales of Common Stock pursuant to the
exercise of Options shall constitute general funds of the
Company.

     
6.05     Effectiveness. This
Plan shall be submitted for approval by the stockholders of the
Company at their 2005 regular meeting. The Plan shall become
effective on the date the Plan is approved at such meeting. Any
provision of the Plan to the contrary notwithstanding, no Option
or Stock Award shall be granted prior to obtaining such
stockholder approval. If the Plan is not so approved by the
stockholders of the Company, the Plan shall be null and void.

     
6.06     Termination of 1988 Plan.
This Plan is intended to supersede and replace the 1988
Nonqualified Stock Option Plan for Non-Employee Directors of
Noble Energy, Inc., as amended (the “1988 Plan”). The
1988 Plan shall terminate on the date the Plan is approved by
the stockholders of the Company in accordance with the
provisions of Section 6.05 hereof.

     
IN WITNESS WHEREOF, the undersigned has executed this Plan on
this
          
day of
April,
2005.

		
	 	
    NOBLE ENERGY, INC.

			
	 	By 	
     

		
	 	
     

	 	
    Name: Charles D. Davidson
	 	
    Title: President and Chief Executive Officer

8exv4w4

 

EXHIBIT 4.4

REGISTRATION RIGHTS AGREEMENT

     This REGISTRATION RIGHTS AGREEMENT (this “Agreement”), dated as of April 29, 2005, is by and
between Kinder Morgan Energy Partners, L.P., a Delaware limited partnership (the “Partnership”),
and Trans-Global Solutions, Inc., a Texas corporation (the “Holder”).

W I T N E S S E T H:

     WHEREAS, the Holder has acquired or intends to acquire 957,656 in units representing limited
partner interests of the Partnership (“Common Units”) pursuant to a Contribution and Sale Agreement
dated as of February 22, 2005, as amended by that certain First Amendment to Contribution and Sale
Agreement dated April 29, 2005 (as amended, the “Contribution and Sale Agreement”) by and among the
Partnership, the Holder and the other parties thereto; and

     WHEREAS, as a condition to the consummation of the transactions contemplated by the
Contribution and Sale Agreement, the Partnership is required to enter into this Agreement;

     NOW THEREFORE, in consideration of the premises and mutual covenants hereinafter set forth and
other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto hereby agree as follows:

Section 1

Definitions

     1.1 Specific Definitions. Unless the context clearly requires otherwise, the following
terms shall have the meanings set forth below:

           “Agreement” has the meaning set forth in the preamble of this Agreement.

           “Commission” means the Securities and Exchange Commission.

           “Common Units” has the meaning set forth in the recitals of this Agreement.

           “Contribution and Sale Agreement” has the meaning set forth in the recitals of this Agreement.

           “Entity” means a corporation, limited liability company, venture, partnership, trust,
unincorporated organization, association or other entity.

           “Exchange Act” means the Securities Exchange Act of 1934, as amended.

           “Holder” has the meaning set forth in the preamble of this Agreement.

           “Partnership” has the meaning set forth in the preamble of this Agreement.

           “Person” means a natural person or an Entity.

 

 

           “Resale Registration Statement” has the meaning set forth in Section 2.2(a)(ii).

           “Section” means a section of this Agreement.

           “Securities Act” means the Securities Act of 1933, as amended.

           “Units” means: (i) the Common Units acquired by the Holder from the Partnership pursuant to
the Contribution and Sale Agreement, (ii) any additional Common Units received by the Holder from
the Partnership as distributions on such Common Units acquired by the Holder from the Partnership,
and (iii) any additional Common Units received by the Holder from the Partnership as distributions
on the Units described in clause (ii).

     1.2 Rules of Construction. Unless the context otherwise clearly requires:

           (a) terms defined include the plural as well as the singular and vice versa;

           (b) references to any document, agreement, instrument or provision thereof mean such document,
agreement, instrument or provision thereof as the same may be duly amended, supplemented or
restated from time to time;

           (c) “including” means including without limitation;

           (d) “or” is not exclusive; and

           (e) the words “herein,” “hereof,” “hereunder” and other words of similar import refer to this
Agreement as a whole and not to any particular Section or other subdivision.

Section 2

Registration Rights

     2.1 Request for Resale Registration. The Holder hereby requests that the Partnership file
a registration statement under the Securities Act registering the resale by the Holder of all of
the Units.

     2.2 Provisions Relating to Resale Registration Statement.

           (a) The Partnership agrees that it will:

                  (i) prepare and file with the Commission as soon as practicable, but in no event later
than 10 days after the date of this Agreement, except as provided in Section 2.4, one
registration statement on Form S-3 under the Securities Act registering the resale by the
Holder of all of the Units (the “Resale Registration Statement”);

                  (ii) use its reasonable efforts to cause the Resale Registration Statement to become
effective, including to file any amendment or supplement to the

-2-

 

Resale Registration Statement or any prospectus used in connection therewith to the
extent necessary in order to cause such Resale Registration Statement to become effective;

                  (iii) until April 29, 2006, or such earlier date when all Units covered by the Resale
Registration Statement are sold, amend or supplement such Resale Registration Statement or
prospectus used in connection therewith to the extent necessary in order to keep effective
and maintain any registration, qualification or approval obtained in connection with the
resale of the Units;

                  (iv) furnish to the Holder up to ten conformed copies of the Resale Registration
Statement and each amendment and supplement thereto (in each case including all exhibits
thereto and documents incorporated by reference therein, without exhibits) and such number
of copies as the Holder may reasonably request of the final prospectus including any
supplement thereto included in or filed by the Partnership in connection with the Resale
Registration Statement;

                  (v) promptly notify the Holder of any stop order issued or, to the knowledge of the
Partnership, threatened to be issued by the Commission with respect to the Resale
Registration Statement and promptly take all reasonable actions to prevent the entry of such
stop order or to obtain its withdrawal if entered;

                  (vi) use its reasonable efforts to qualify the Units for resale under the securities,
“blue sky” or similar laws of such states of the United States as the Holder shall
reasonably request and use its reasonable efforts to obtain all appropriate registrations,
permits and consents required in connection therewith, except that the Partnership shall not
for any such purpose be required to qualify generally to do business as a foreign limited
partnership in any state wherein it is not so qualified, to register as a broker dealer, to
subject itself to taxation or to file a general consent to service of process in any such
state;

                  (vii) promptly inform the Holder (i) of the date on which such Resale Registration
Statement or any post-effective amendment thereto becomes effective and (ii) of any request
by the Commission, any securities exchange, government agency, self-regulatory body or other
body having jurisdiction for any amendment of or supplement to the Resale Registration
Statement or final prospectus or prospectus supplement included therein or filed by the
Partnership in connection therewith; and

                  (viii) subject to Section 2.4, as promptly as practicable notify the Holder of the
occurrence of an event requiring the preparation of a supplement or amendment to the
prospectus related to such Resale Registration Statement so that such prospectus will not
contain an untrue statement of a material fact or omit to state any material fact required
to be stated therein or necessary to make the statements therein, in the light of the
circumstances under which they were made, not misleading, and, as promptly as practicable
make available to the Holder any such supplement or amendment.

-3-

 

           (b) After April 29, 2006, or such earlier date on which all Units covered by the Resale
Registration Statement have been sold, (i) the Partnership shall have no obligation to keep the
Resale Registration Statement effective and may terminate the Resale Registration Statement and
(ii) all obligations under this Section 2.2 and Section 3 shall expire.

           (c) In connection with any offers or sales by the Holder of Units under the Resale
Registration Statement or otherwise, the Partnership shall have no obligation to enter into any
agreement, execute or deliver any agreement, instrument, document, certificate, opinion of counsel,
comfort letter, or other matter, cause any of the foregoing to occur or take any further action,
except as necessary to fulfill the obligations set forth in Section 2.2(a). The “Plan of
Distribution” section of the Resale Registration Statement shall not describe any underwritten
offering or other plan of sale or distribution that would generally be understood to contemplate
the taking or causing of any such action by the Partnership.

           (d) The Holder shall promptly provide to the Partnership in writing all information relating
to the Holder and, subject to Section 2.2(c), the Holder’s intended plan of distribution of the
Units, necessary to comply with legal requirements in connection with the preparation and filing of
the Resale Registration Statement and any filings under state securities or “blue sky” laws. Such
information will conform in all material respects to the applicable requirements of the Securities
Act and will not contain an untrue statement of a material fact or omit to state a material fact
required to be stated therein or necessary to make the statements therein not misleading. The
Holder also agrees to notify the Partnership if any event relating to the Holder occurs that would
require the preparation of a supplement or amendment to the prospectus so that such prospectus will
not contain an untrue statement of a material fact or omit to state a material fact required to be
stated therein or necessary to make the statements therein, in the light of the circumstances under
which they were made, not misleading.

     2.3 Documents to be Furnished to the Holder. The Partnership shall furnish to the
Holder at least two business days prior to filing with the Commission the Resale Registration
Statement, any amendment or supplement to the Resale Registration Statement, any prospectus to be
used in connection therewith and any amendment or supplement to any such prospectus, which
documents will be subject to the reasonable review of the Holder, and the Partnership shall not
file any such documents with the Commission to which the Holder shall reasonably object until the
Holder and the Partnership have in good faith resolved any of the Holder’s objections, unless the
Partnership in good faith believes that the filing of such documents is required by law.

     2.4 Certain Notices.

           (a) Upon notice to the Holder, the Partnership may delay the filing of the Resale Registration
Statement otherwise required pursuant to Section 2.2 or require the Holder to suspend the use of
the prospectus or any prospectus supplement related to the Resale Registration Statement, for a
reasonable period time, if the Partnership would be required to disclose material information it
was not otherwise then required by law to disclose publicly where the Partnership reasonably deems
it advisable not to disclose or incorporate by reference such information in a registration
statement, prospectus or supplement. The Partnership shall use

-4-

 

commercially reasonable efforts to limit such suspension periods to no more than 60
consecutive days or 90 days in the aggregate, but in no event shall such periods exceed 90
consecutive days or 120 days in the aggregate. Any periods under this Section 2.4(a) shall be
aggregated with periods under Section 2.4(b) in determining whether the periods of 90 consecutive
days or 120 days have been exceeded. During any such period, the Partnership’s obligations under
Section 2.2(a)(viii) are suspended.

           (b) The Holder agrees that, upon receipt of any notice from the Partnership of the happening
of any event of the kind described in Section 2.2(a)(viii) hereof, the Holder will forthwith
discontinue disposition of Units pursuant to the Resale Registration Statement until the Holder’s
receipt of the copies of the supplemented or amended prospectus contemplated by Section
2.2(a)(viii), and, if so directed by the Partnership, the Holder will deliver to the Partnership
(at the Partnership’s expense) all copies, other than permanent file copies, then in the Holder’s
possession, of the prospectus and any prospectus supplement covering such Units current at the time
of receipt of such notice.

Section 3

Expenses

     3.1 Registration Expenses. The Partnership agrees to bear and to pay or cause to be paid
promptly upon request being made therefor all third party expenses incident to the Partnership’s
performance of or compliance with this Agreement, including (a) all Commission filing fees; (b) all
fees and expenses in connection with the qualification of the securities being registered for
offering and sale under the state securities and blue sky laws referred to in Section 2.2(a)(vi),
including reasonable fees and disbursements of its counsel, in connection with such qualifications;
(c) all expenses relating to the preparation, distribution and reproduction of the Resale
Registration Statement required to be filed hereunder, each prospectus included therein or prepared
for distribution pursuant hereto, each amendment or supplement to the foregoing, and all other
documents relating hereto; (d) fees, disbursements and expenses of counsel and independent
certified public accountants of the Partnership in connection with the Resale Registration
Statement; (e) fees, expenses and disbursements of any other Persons, including special experts,
retained by the Partnership in connection with such registration. The Partnership shall bear its
own internal expenses, including all salaries and expenses of its officers and employees performing
legal or accounting duties. The Holder shall pay all fees and expenses incurred by it in
connection with this Agreement, the Resale Registration Statement and the offer and sale of the
Units, including the fees and disbursements of any counsel or other advisors or experts retained by
the Holder, and any selling fees, discounts or commissions.

Section 4

Representations and Warranties

     4.1 Representations and Warranties of the Partnership. The Partnership represents and
warrants to, and agrees with, the Holder that:

           (a) The Partnership has reasonable grounds to believe that it meets all the requirements for
the filing of a registration statement on Form S-3 with the Commission. The Resale Registration
Statement, at the time it becomes effective, and the final prospectus

-5-

 

contained therein, will comply, and when any post-effective amendment to the Resale Registration
Statement becomes effective or any supplement to such prospectus is filed with the Commission, the
Registration Statement, the final prospectus and any such amendment or supplement, respectively,
will comply, in all material respects with the applicable requirements of the Securities Act and
the applicable rules adopted by the Commission thereunder; the documents incorporated, or deemed to
be incorporated, into the Resale Registration Statement or the related prospectus by reference
pursuant to the requirements of Item 12 of Form S-3 under the Securities Act, when they were or are
filed with the Commission, conformed or will conform as of their respective dates in all material
respects with the applicable requirements of the Securities Exchange Act of 1934, as amended, and
the applicable rules and regulations adopted by the Commission thereunder; and each part of the
Resale Registration Statement and any amendment thereto, at the time it became effective, and the
final prospectus and any amendment or supplement thereto, at the time it was filed with the
Commission pursuant to Rule 424 under the Securities Act, will not contain an untrue statement of a
material fact or omit to a state a material fact required to be stated therein or necessary to make
the statements therein, in the light of the circumstances under which they were made, not
misleading; and at all times at and subsequent to the time when the Resale Registration Statement
has been declared effective under the Securities Act, other than (i) from such time as a notice has
been given to the Holder pursuant to Section 2.2(a)(viii) until such time as the Partnership
furnishes an amended or supplemented prospectus pursuant to Section 2.2(a)(viii) or such earlier
time as the Partnership provides notice that offers and sales pursuant to the Resale Registration
Statement may continue, or (ii) during any period when the Holder is to suspend use of the
prospectus or prospectus supplement related to the Resale Registration Statement as provided in
Section 2.4(a), each prospectus contained in or prepared in connection with any Resale Registration
Statement, and each prospectus furnished pursuant to Section 2.2(a)(iv), as then amended or
supplemented, will conform in all material respects to the applicable requirements of the
Securities Act and will not contain an untrue statement of a material fact or omit to state a
material fact required to be stated therein or necessary in order to make the statements therein,
in the light of the circumstances under which they were made, not misleading; provided, however,
that this representation and warranty in this Section 4.1(a) shall not apply to any statements or
omissions made in reliance upon and in conformity with information furnished in writing to the
Partnership by or on behalf of the Holder expressly for use therein in any such Resale Registration
Statement, prospectus or supplement.

           (b) The execution, delivery and performance of this Agreement by the Partnership will not (i)
result in a breach or violation of any of the terms and provisions of the limited partnership
agreement of the Partnership, (ii) constitute a breach or default under any material agreement or
contract to which the Partnership is a party, except where any such foregoing occurrence will not
prevent the consummation of the transactions contemplated herein or would not have a material
adverse effect on the Partnership and its subsidiaries taken as a whole, or (iii) result in a
violation of any provision of law, statute, rule, regulation, or any existing applicable decree,
judgment or order of any court or governmental agency or body having jurisdiction over the
Partnership.

           (c) This Agreement has been duly authorized, executed and delivered by the Partnership.

-6-

 

     4.2 Representations and Warranties of the Holder. The Holder represents and warrants to,
and agrees with, the Partnership that:

           (a) The execution, delivery and performance of this Agreement by the Holder will not (i)
result in a breach or violation of any of the terms and provisions of the certificate of
incorporation or bylaws of the Holder, (ii) constitute a breach or default under any material
agreement or contract to which the Holder is a party, except where any such foregoing occurrence
will not prevent the consummation of the transactions contemplated herein or would not have a
material adverse effect on the Holder and its subsidiaries taken as a whole, or (iii) result in a
violation of any provision of law, statute, rule, regulation, or any existing applicable decree,
judgment or order of any court or governmental agency or body having jurisdiction over the Holder.

           (b) This Agreement has been duly authorized, executed and delivered by the Holder.

Section 5

Indemnification and Contributions

     5.1 (a) The Partnership will indemnify and hold harmless the Holder against any losses, claims,
damages or liabilities, joint or several, to which the Holder may become subject, under the
Securities Act or otherwise, insofar as such losses, claims, damages or liabilities (or actions in
respect thereof) arise out of or are based upon an untrue statement or alleged untrue statement of
a material fact contained in any preliminary prospectus, any Resale Registration Statement or any
prospectus, or any amendment or supplement thereto, or arise out of or are based upon the omission
or alleged omission to state therein a material fact required to be stated therein or necessary to
make the statements therein not misleading, and will reimburse the Holder for any legal or other
expenses reasonably incurred by the Holder in connection with investigating or defending any such
action or claim as such expenses are incurred; provided, however, that the Partnership shall not be
liable in any such case to the extent that any such loss, claim, damage or liability arises out of
or is based upon an untrue statement or alleged untrue statement or omission or alleged omission
made in any preliminary prospectus, any Resale Registration Statement or any prospectus or any such
amendment or supplement in reliance upon and in conformity with written information furnished to
the Partnership by the Holder expressly for use therein.

           (b) The Holder will indemnify and hold harmless the Partnership against any losses, claims,
damages or liabilities, joint or several, to which the Partnership may become subject, under the
Securities Act or otherwise, insofar as such losses, claims, damages or liabilities (or actions in
respect thereof) arise out of or are based upon an untrue statement or alleged untrue statement of
a material fact contained in any preliminary prospectus, any Resale Registration Statement or any
prospectus, or any amendment or supplement thereto, or arise out of or are based upon the omission
or alleged omission to state therein a material fact required to be stated therein or necessary to
make the statements therein not misleading, in each case to the extent, but only to the extent,
that such untrue statement or alleged untrue statement or omission or alleged omission was made in
any preliminary prospectus, any Resale Registration Statement

-7-

 

or any prospectus or any such amendment or supplement in reliance upon and in conformity with
written information furnished to the Partnership by the Holder expressly for use therein; and will
reimburse the Partnership for any legal or other expenses reasonably incurred by the Partnership in
connection with investigating or defending any such action or claim as such expenses are incurred.

           (c) Promptly after receipt by a party indemnified under subsection (a) or (b) above of notice
of the commencement of any action, such indemnified party shall, if a claim in respect thereof is
to be made against the indemnifying party under such subsection, notify the indemnifying party in
writing of the commencement thereof; but the omission so to notify the indemnifying party shall not
relieve it from any liability that it may have to any indemnified party otherwise than under such
subsection and shall not relieve the indemnifying party from any liability that it may have to any
indemnified party under this Agreement unless such failure to give notice actually prejudices the
indemnifying party’s ability to defend the claim. In case any such action shall be brought against
any indemnified party and it shall notify the indemnifying party of the commencement thereof, the
indemnifying party shall be entitled to participate therein and, to the extent that it shall wish,
to assume the defense thereof, with counsel satisfactory to such indemnified party (who shall not,
except with the consent of the indemnified party, be counsel to the indemnifying party), and, after
notice from the indemnifying party to such indemnified party of its election so to assume the
defense thereof, the indemnifying party shall not be liable to such indemnified party under such
subsection for any legal expenses of other counsel or any other expenses, in each case subsequently
incurred by such indemnified party, in connection with the defense thereof other than reasonable
costs of investigation. No indemnifying party shall, without the written consent of the
indemnified party, effect the settlement or compromise of, or consent to the entry of any judgment
with respect to, any pending or threatened action or claim in respect of which indemnification or
contribution may be sought hereunder (whether or not the indemnified party is an actual or
potential party to such action or claim) unless such settlement, compromise or judgment (i)
includes an unconditional release of the indemnified party from all liability arising out of such
action or claim and (ii) does not include a statement as to or an admission of fault, culpability
or a failure to act, by or on behalf of any indemnified party.

           (d) If the indemnification provided for in this Section 5 is unavailable to or insufficient to
hold harmless an indemnified party under subsection (a) or (b) above in respect of any losses,
claims, damages or liabilities (or actions in respect thereof) referred to therein, then each
indemnifying party shall contribute to the amount paid or payable by such indemnified party as a
result of such losses, claims, damages or liabilities (or actions in respect thereof) in such
proportion as is appropriate to reflect the relative benefits received by the Partnership and by
the Holder, respectively, from the transactions contemplated by this Agreement. If, however, the
allocation provided by the immediately preceding sentence is not permitted by applicable law or if
the indemnified party failed to give the notice required under subsection (c) above and such
failure actually prejudiced the indemnifying party’s ability to defend the claim, then each
indemnifying party shall contribute to such amount paid or payable by such indemnified party in
such proportion as is appropriate to reflect not only such relative benefits but also the relative
fault of the Partnership and the Holder in connection with the statements or omissions that
resulted in such losses, claims, damages or liabilities (or actions in respect thereof), as well as

-8-

 

any other relevant equitable considerations. The relative benefits received by the Partnership
shall be deemed to include the proportional value of the assets acquired from the Holder by virtue
of the issuance of the Units to the Holder pursuant to the Contribution and Sale Agreement, and the
relative benefits received by the Holder shall be deemed to include the profit made by the Holder
on the sale of the Units pursuant to the Resale Registration Statement. The relative fault shall
be determined by reference to, among other things, whether the untrue or alleged untrue statement
of a material fact or the omission or alleged omission to state a material fact relates to
information supplied by the Partnership or the Holder and the parties’ relative intent, knowledge,
access to information and opportunity to correct or prevent such statement or omission. The
Partnership and the Holder agree that it would not be just or equitable if contributions pursuant
to this subsection (d) were determined by pro rata allocation or by any other method of allocation
that does not take account of the equitable considerations referred to above in this subsection
(d). The amount paid or payable by an indemnified party as a result of the losses, claims, damages
or liabilities (or actions in respect thereof) referred to above in this subsection (d) shall be
deemed to include any legal or other expenses reasonably incurred by such indemnified party in
connection with investigating or defending any such action or claim. No Person guilty of fraudulent
misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to
contribution from any Person who was not guilty of such fraudulent misrepresentation.

           (e) The obligations of the Partnership under this Section 5 shall be in addition to any
liability that the Partnership may otherwise have and shall extend, upon the same terms and
conditions, to each Person, if any, who controls the Holder within the meaning of the Securities
Act; and the obligations of the Holder under this Section 5 shall be in addition to any liability
that the Holder may otherwise have and shall extend, upon the same terms and conditions, to each
officer and director of the general partner of the Partnership or its delegate (including any
Person who, with his or her consent, is named in the Resale Registration Statement as about to
become a director of the general partner of the Partnership or its delegate) and to each Person, if
any, who controls the Partnership or the Corporation within the meaning of the Act.

           (f) For purposes of this Section 5 only, the term “Resale Registration Statement” shall mean
the Resale Registration Statement as amended at the time it is declared effective by the
Commission.

Section 6

Miscellaneous

     6.1 Provision of Information. The Holder shall complete and execute all such
questionnaires and other documents as the Partnership shall reasonably request in connection with
any registration of the resale of the Units pursuant to this Agreement.

     6.2 Injunctions. Irreparable damage would occur in the event that any of the provisions of
this Agreement were not performed in accordance with their specified terms or were otherwise
breached. Therefore, the parties hereto shall be entitled to an injunction or injunctions to
prevent breaches of the provisions of this Agreement and to enforce specifically

-9-

 

the terms of provisions hereof in any court having jurisdiction, such remedy being in addition to
any other remedy to which they may be entitled at law or in equity.

     6.3 Severability. If any term or provision of this Agreement is held by a court of
competent jurisdiction to be invalid, void or unenforceable, the remainder of the terms and
provisions set forth herein shall remain in full force and effect and shall in no way be affected,
impaired or invalidated, and the parties hereto shall use their best efforts to find and employ an
alternative means to achieve the same or substantially the same result as that contemplated by such
term or provision.

     6.4 Further Assurances. Subject to the specific terms of this Agreement, the Holder and
the Partnership shall make, execute, acknowledge and deliver such other instruments and documents,
and take all such other actions as may be reasonably required in order to effectuate the purposes
of this Agreement and to consummate the transactions contemplated hereby.

     6.5 Entire Agreement. This Agreement contains the entire understanding of the parties with
respect to the registration rights of the Holder for the Units and the transactions contemplated
hereby and supersedes all agreements and understandings entered into with respect thereto prior to
the execution hereof.

     6.6 Amendment. This Agreement may be amended only by an agreement in writing signed
by each of the parties hereto.

     6.7 Counterparts. For the convenience of the parties hereto, any number of counterparts of
this Agreement may be executed by the parties hereto, but all such counterparts shall be deemed one
and the same instrument.

     6.8 Notices. All notices, consents, requests, demands and other communications hereunder
shall be in writing and shall be given by hand or by mail (return receipt requested) or sent by
overnight delivery service or facsimile transmission to the parties at the following addresses or
at such other address as shall be specified by the parties by like notice.

-10-

 

	 	 	 	 	 
	

	 	(a)
	 	if to the Partnership, to:
	 
	 	 	 	 
	

	 	 	 	Kinder Morgan Energy Partners, L.P.

	

	 	 	 	c/o Kinder Morgan Management, LLC,
	

	 	 	 	     the delegate of its General Partner
	

	 	 	 	500 Dallas Street, Suite 1000
	

	 	 	 	Houston, Texas 77002
	

	 	 	 	Attention: General Counsel
	

	 	 	 	Phone: 713-369-9000
	

	 	 	 	Fax No.: 713-369-9410
	 
	 	 	 	 
	

	 	 	 	with a copy to:
	 
	 	 	 	 
	

	 	 	 	Bracewell & Giuliani LLP
	

	 	 	 	711 Louisiana, Suite 2300
	

	 	 	 	Houston, Texas 77002
	

	 	 	 	Attn: Gary W. Orloff
	

	 	 	 	Phone: 713-221-1306
	

	 	 	 	Fax: 713-221-2166
	 
	 	 	 	 
	

	 	(b)
	 	if to the Holder, to:
	 
	 	 	 	 
	

	 	 	 	Trans-Global Solutions, Inc.
	

	 	 	 	11811 East I-10 Freeway, Suite 630
	

	 	 	 	Houston, Texas 77079
	

	 	 	 	Attention: President
	

	 	 	 	Phone: 713-453-0341
	

	 	 	 	Fax: 713-453-2756
	 
	 	 	 	 
	

	 	 	 	with a copy to:
	 
	 	 	 	 
	

	 	 	 	Craig H. Cavalier, Attorney at Law
	

	 	 	 	3555 Timmons Lane, Suite 1450
	

	 	 	 	Houston, Texas 77027
	

	 	 	 	Phone: 713-621-4720
	

	 	 	 	Fax: 713-621-4779

Notice so given shall, in the case of notice so given by mail, be deemed to be given and received
on the third business day after posting, in the case of notice so given by overnight delivery
service or personal delivery, on the day of actual receipt, and in the case of notice so given by
facsimile transmission, on the date of actual delivery if confirmed by appropriate answerback if
received during the recipient’s normal business hours, or at the beginning of the recipient’s next
business day after receipt if not received during the recipient’s normal business hours.

     6.9 Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED AND ENFORCED IN
ACCORDANCE WITH THE LAWS OF THE STATE

-11-

 

OF TEXAS WITHOUT REGARD TO ANY CHOICE OF LAW PRINCIPLES WHICH MIGHT REQUIRE OR PERMIT THE
APPLICATION OF THE LAWS OF ANOTHER JURISDICTION.

     6.10 Successors and Assigns. This Agreement shall be binding upon and shall inure to the
benefit of and be enforceable by and against the successors and permitted assigns of the parties
hereto. Except with the consent of the other parties, which may be withheld at the sole discretion
of a party, the parties may not assign their rights or obligations under this Agreement. Any
attempted assignment or delegation prohibited hereby shall be void. No purchaser of Units from the
Holder shall be deemed to be a successor or permitted assign by reason of such purchase.

     6.11 Parties in Interest. Except as otherwise specifically provided herein, nothing in
this Agreement expressed or implied is intended or shall be construed to confer any right or
benefit upon any Person, firm or corporation other than the Holder and the Partnership and their
respective successors and permitted assigns.

(The signature page follows.)

-12-

 

     IN WITNESS WHEREOF, each of the Partnership and the Holder has caused this Agreement to be
duly executed as of the date first above written.

	 	 	 	 	 
	 
	 	Kinder Morgan Energy Partners, L.P.
	 
	 	 	 	 
	

	 	          By:
	 	Kinder Morgan G.P., Inc.,
	

	 	 	 	its General Partner
	 
	 	 	 	 
	

	 	          By:
	 	Kinder Morgan Management, LLC,
	

	 	 	 	its delegate
	 
	 	 	 	 
	

	 	          By:	 	 
	

	 	 	 	 
	

	 	 	 	David D. Kinder
	

	 	 	 	Vice President
	 
	 	 	 	 
	 
	 	Trans-Global Solutions, Inc.
	 
	 	 	 	 
	

	 	By:	 	 
	

	 	 	 	 
	

	 	Name:	 	 
	

	 	Title:	 	 

-13-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00083-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00083-of-00352.parquet"}]]