Document:

exv10w19

 

EXHIBIT 10.19

FORM OF

CONTRIBUTION, CONVEYANCE

AND ASSUMPTION AGREEMENT

BY AND AMONG

EL PASO PIPELINE PARTNERS, L.P.

EL PASO PIPELINE GP COMPANY, L.L.C.

EL PASO PIPELINE LP HOLDINGS, L.L.C.

WIC HOLDINGS COMPANY, L.L.C.

EL PASO WYOMING GAS SUPPLY COMPANY, L.L.C.

EPPP SNG GP HOLDINGS, L.L.C.

EPPP CIG GP HOLDINGS, L.L.C.

EL PASO PIPELINE HOLDING COMPANY, L.L.C.

EL PASO PIPELINE PARTNERS OPERATING COMPANY, L.L.C.

AND

EL PASO CORPORATION

 

 

TABLE OF CONTENTS

	 	 	 	 	 	 	 
	ARTICLE 1

DEFINITIONS

	 
	 	 	 	 	 	 
	ARTICLE 2

CONTRIBUTIONS, ACKNOWLEDGMENTS AND DISTRIBUTIONS

	 
	 	 	 	 	 	 
	Section 2.1
	 	Contribution by MLP GP of the 2% Interests to MLP	 	 	6	 
	Section 2.2
	 	Contribution by MLP GP of the Remaining Interests to MLP	 	 	6	 
	Section 2.3
	 	Contribution by MLP GP of Common Units to El Paso LLC	 	 	6	 
	Section 2.4
	 	Contribution by El Paso LLC of Common Units to Holdings	 	 	6	 
	Section 2.5
	 	Contribution by Holdings of the EPPP CIG and EPPP SNG Interests to MLP	 	 	6	 
	Section 2.6
	 	Contribution by MLP of Interests to OLLC	 	 	6	 
	Section 2.7
	 	Underwriters’ Cash Contribution	 	 	7	 
	Section 2.8
	 	Payment of Transaction Costs	 	 	7	 
	Section 2.9
	 	Redemption of Holdings Initial MLP Interest	 	 	7	 
	 
	 	 	 	 	 	 
	ARTICLE 3

ADDITIONAL TRANSACTIONS

	 
	 	 	 	 	 	 
	Section 3.1
	 	Purchase of Additional Common Units	 	 	7	 
	 
	 	 	 	 	 	 
	ARTICLE 4

FURTHER ASSURANCES

	 
	 	 	 	 	 	 
	Section 4.1
	 	Further Assurances	 	 	7	 
	Section 4.2
	 	Other Assurances	 	 	7	 
	 
	 	 	 	 	 	 
	ARTICLE 5

EFFECTIVE TIME

	 
	 	 	 	 	 	 
	ARTICLE 6

MISCELLANEOUS

	 
	 	 	 	 	 	 
	Section 6.1
	 	Order of Completion of Transactions	 	 	8	 
	Section 6.2
	 	Headings; References; Interpretation	 	 	8	 
	Section 6.3
	 	Successors and Assigns	 	 	9	 
	Section 6.4
	 	No Third Party Rights	 	 	9	 
	Section 6.5
	 	Counterparts	 	 	9	 
	Section 6.6
	 	Governing Law	 	 	9	 
	Section 6.7
	 	Severability	 	 	9	 
	Section 6.8
	 	Amendment or Modification	 	 	9	 
	Section 6.9
	 	Integration	 	 	9	 
	Section 6.10
	 	Deed; Bill of Sale; Assignment	 	 	9	 

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CONTRIBUTION, CONVEYANCE

AND ASSUMPTION AGREEMENT

     This CONTRIBUTION, CONVEYANCE AND ASSUMPTION AGREEMENT, dated as of                     , 2007, is entered into by
and among EL PASO PIPELINE PARTNERS, L.P., a Delaware limited partnership (“MLP”), EL PASO PIPELINE
PARTNERS GP COMPANY, L.L.C., a Delaware limited liability company (“MLP GP”), EL PASO PIPELINE LP
HOLDINGS, L.L.C., a Delaware limited liability company (“Holdings”), WIC HOLDINGS COMPANY, L.L.C.,
a Delaware limited liability company (“WIC Holdings”), EL PASO WYOMING GAS SUPPLY COMPANY, L.L.C.,
a Delaware limited liability company (“Wyoming Gas Supply”), EPPP SNG GP HOLINGS, L.L.C., a
Delaware limited liability company (“EPPP SNG”), EPPP CIG GP HOLDINGS, L.L.C., a Delaware limited
liability company (“EPPP CIG”), EL PASO PIPELINE HOLDING COMPANY, L.L.C., a Delaware limited
liability company (“El Paso LLC”), EL PASO PIPELINE PARTNERS OPERATING COMPANY, L.L.C., a Delaware
limited liability company (“OLLC”), and EL PASO CORPORATION, a Delaware corporation (“El Paso”).
The parties to this Agreement are collectively referred to herein as the “Parties.” Capitalized
terms used herein shall have the meanings assigned to such terms in Section 1.1.

RECITALS

     WHEREAS, MLP GP and Holdings have formed MLP, pursuant to the Delaware Revised Uniform Limited
Partnership Act (the “Delaware LP Act”), for the purpose of engaging in any business activity that
is approved by MLP GP and that lawfully may be conducted by a limited partnership organized
pursuant to the Delaware LP Act.

     WHEREAS, in order to accomplish the objectives and purposes in the preceding recital, the
following actions have been taken prior to the date hereof:

          1. El Paso formed MLP GP under the terms of the Delaware Limited Liability Company Act (the
"Delaware LLC Act”) and contributed $1,000 in exchange for all of the membership interests in MLP
GP.

          2. El Paso formed Holdings under the Delaware LLC Act and contributed $1,000 in exchange for
all of the membership interests in Holdings.

          3. MLP GP and Holdings formed MLP, under the Delaware LP Act; MLP GP contributed $20.00 to MLP
in exchange for a 2% general partner interest in MLP; and Holdings contributed $980.00 to MLP in
exchange for a 98% limited partner interest (the “Holdings Initial MLP Interest”) in MLP.

          4. MLP formed OLLC under the Delaware LLC Act and contributed $1,000 in exchange for all of
the membership interests in OLLC.

          5. El Paso Noric Investments III, L.L.C., a Delaware limited liability company (“Noric”)
formed EPPP CIG under the terms of the Delaware LLC Act and contributed $1,000 in exchange for all
of the membership interests in EPPP CIG.

 

 

          6. Colorado Interstate Gas Company, a Delaware corporation (“CIG”), formed WYCO Holding
Company, L.L.C., a Delaware limited liability company (“WYCO”), and contributed $1,000 in exchange
for all of the membership interests in WYCO.

          7. El Paso formed EPPP SNG under the terms of the Delaware LLC Act and contributed $1,000 in
exchange for all of the membership interests in EPPP SNG.

          8. El Paso formed El Paso SNG Holding Company, L.L.C. under the terms of the Delaware LLC Act
(“SNG Holding LLC”), and contributed $1,000 in exchange for all of the membership interests in SNG
Holding LLC.

          9. Southern Natural Gas Company, a Delaware corporation (“SNG”), paid its bondholders $[___]
million pursuant to a consent solicitation to obtain such bondholders consent to convert into a
general partnership.

          10. SNG contributed $1,000 to Southern Natural Issuing Corporation, a Delaware corporation, in
exchange for all of its outstanding shares of stock.

          11. El Paso contributed 10% of its stock in SNG to EPPP SNG and the remaining 90% of its stock
in SNG to SNG Holding LLC.

          12. SNG converted into a Delaware general partnership and the stock held by EPPP SNG and SNG
Holding LLC converted by operation of law into a 10% general partner interest and a 90% general
partner interest, respectively.

          13. SNG distributed El Paso Citrus Holdings, Inc., a Delaware corporation (“Citrus”), Southern
LNG, Inc., a Delaware corporation (“Southern LNG”), Southeast Storage Development Company, L.L.C.,
a Delaware limited liability company (“SSD”), Eastern Gulf Pipeline Company, a Delaware corporation
(“EGP”), SNG RenCen Company, L.L.C., a Delaware limited liability company (“RenCen”), ANR Real
Estate Corporation, a Delaware corporation (“ANR”), and 100% of the economic and 90% of the voting
interests (the “Elba Interests” and together with Citrus, Southern LNG, SSD, EGP, RenCen and ANR,
the “SNG Distributed Interests”) in Elba Express Company, L.L.C., a Delaware limited liability
company (“Elba”) to SNG Holding LLC. SNG retained a 10% voting interest in Elba.

          14. SNG Holding LLC distributed the SNG Distributed Interests to El Paso.

          15. El Paso contributed RenCen and ANR to El Paso Tennessee Pipeline Co., a Delaware
corporation (“EP TN”).

          16. EP TN contributed RenCen and ANR to El Paso TGPC Investments, L.L.C., a Delaware limited
liability company (“EP TGPC”).

          17. EP TGPC contributed RenCen and ANR to Tennessee Gas Pipeline Company, a Delaware
corporation.

          18. CIG paid its bondholders $ [___] million pursuant to a consent solicitation to obtain
such bondholders consent to convert into a general partnership.

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          19. CIG contributed $1,000 to Colorado Interstate Issuing Corporation, a Delaware Company, in
exchange for all of its outstanding shares of stock.

          20. Noric contributed 10% of its stock in CIG, to EPPP CIG and retained the remaining 90%
stock in CIG.

          21. CIG converted into a Delaware general partnership and the stock held by EPPP CIG and Noric
converted by operation of law into a 10% general partner interest and a 90% general partner
interest, respectively.

          22. WIC Holdings distributed its 50% membership interest (“WYCO Development Interest”) in WYCO
Development LLC, a Colorado limited liability company, to CIG.

          23. CIG contributed the WYCO Development Interest to WYCO Holding Company, L.L.C., a
[Delaware] limited liability company.

          24. CIG distributed WIC Holdings, El Paso Wyoming Gas Supply Company, L.L.C., a Delaware
corporation (“EP WGSC”), Colorado Water Supply Company, a Delaware corporation (“CWSC”) and its 4%
membership interest (the “Cliffside Interest” and together with EP WGSC and CWSC, the “CIG
Distributed Interests”) in Cliffside Helium, LLC, a Delaware limited liability company, to Noric.

          25. Noric distributed EPPP CIG and the CIG Distributed Interests to El Paso CNG Company,
L.L.C., a Delaware limited liability company (“EP CNG”).

          26. CWSC merged into CIG-Canyon Compression Company, a Delaware corporation, and CIG-Canyon
Compression Company changed its name to EPWP Resources Company.

          27. EP CNG distributed the Cliffside Interest to EPWP Resources Company.

          28. EP CNG distributed EPPP CIG, WIC Holdings and EP WGSC to El Paso.

          29. El Paso formed El Paso LLC, a [Delaware] limited liability company, and contributed $1,000
in exchange for all of the membership interests in El Paso LLC.

          30. El Paso formed El Paso Pipeline Corporation, a Delaware corporation (“Pipeline
Corporation”), and contributed $1,000 in exchange for all of the ownership interests in Pipeline
Corporation.

          31. El Paso contributed its membership interests in WIC Holdings and EP WGSC to MLP GP.

          32. El Paso contributed its membership interests in EPPP CIG and EPPP SNG to Holdings.

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          33. El Paso conveyed its membership interests in MLP GP and Holdings to El Paso LLC.

          34. El Paso conveyed a 1% membership interest in El Paso LLC to Pipeline Corporation.

     WHEREAS, concurrently with the consummation of the transactions contemplated hereby (the
“Closing”), each of the following matters shall occur:

          1. MLP GP will convey to MLP a portion of its membership interests in each of WIC Holdings and
EP WGSC with an aggregate value equal to 2% of the equity value of MLP immediately after the
Closing (the “2% Interests”), as a capital contribution in exchange for (a) [___] general
partner units representing a continuation of its 2% general partner interest in MLP and (b) the
issuance to MLP GP of all of the incentive distribution rights (the “IDRs”) of MLP.

          2. MLP GP will convey the remainder of its membership interests in each of WIC Holdings and EP
WGSC to MLP (the “Remainder Interests”), as a capital contribution, in exchange for ___ Common
Units in MLP.

          3. MLP GP will convey ___ Common Units in MLP to El Paso LLC, as a distribution.

          4. El Paso will convey [___] Common Units in MLP to Holdings, as a capital contribution.

          5. Holdings will convey all of its member interests in EPPP CIG and EPPP SNG (the “EPPP CIG
and EPPP SNG Interests”) to MLP in exchange for (a) [___] Subordinated Units in MLP and
[___] Common Units in MLP (representing an aggregate [___]% limited partner interest) and (b)
the right to receive $[___] million for reimbursement of certain capital expenditures.

          6. The public, through the Underwriters, will contribute $[___] million in cash, less the
Underwriters’ discount and structuring fees of $[___] million, in exchange for 25,000,000 Common
Units in MLP (representing an aggregate 32.2% limited partner interest).

          7. MLP will (a) pay transaction expenses associated with the transactions contemplated by this
Agreement in the amount of approximately $3.0 million (exclusive of the Underwriters’ discount) and
(b) distribute $[___] million in cash for reimbursement of certain capital expenditures.

          8. The agreements of limited partnership and the limited liability company agreements of the
aforementioned entities will be amended and restated to the extent necessary to reflect the matters
and transaction mentioned in this Agreement.

     WHEREAS, within 30 days of the Closing, if the Underwriters exercise their option to purchase
up to an additional 3,750,000 Common Units (the “Option”), MLP shall use proceeds of that exercise,
net of the applicable Underwriters’ discount, for general partnership purposes;

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     NOW, THEREFORE, in consideration of their mutual undertakings and agreements hereunder, the
Parties undertake and agree as follows:

ARTICLE 1

DEFINITIONS

          Section 1.1 The following capitalized terms shall have the meanings given below.

          (a) “Agreement” means this Contribution, Conveyance and Assumption Agreement.

          (b) “Common Unit” has the meaning assigned to such term in the Partnership Agreement.

          (c) “Effective Time” shall mean 8:00 a.m. New York, New York time on the date of the
consummation of the Offering.

          (d) “IDRs” means “Incentive Distribution Rights” as such term is defined in the Partnership
Agreement.

          (e) “MLP” has the meaning assigned to such term in the opening paragraph of this Agreement.

          (f) “Offering” means the initial public offering by MLP of Common Units.

          (g) “Omnibus Agreement” means that certain Omnibus Agreement of even date herewith, among MLP,
MLP GP, CIG, SNG and El Paso.

          (h) “Partnership Agreement” means the First Amended and Restated Agreement of Limited
Partnership of El Paso Pipeline Partners, L.P. dated as of the Effective Date.

          (i) “Partnership Group” has the meaning assigned to such term in the Omnibus Agreement.

          (j) “Registration Statement” means the registration statement on Form S-1 (Registration No.
333-145835) filed by MLP relating to the Offering, as amended.

          (k) “Subordinated Unit” has the meaning assigned to such term in the Partnership Agreement.

          (l) “Underwriters” means Lehman Brothers Inc., Citigroup Global Markets Inc., Goldman, Sachs &
Co., UBS Securities LLC and Tudor, Pickering & Co. Securities, Inc.

          (m) “Underwriting Agreement” means the underwriting agreement dated , 2007 among MLP, MLP GP,
Holdings, OLLC and El Paso on the one hand, and the Underwriters on the other hand, relating to the
Offering.

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ARTICLE 2

CONTRIBUTIONS, ACKNOWLEDGMENTS AND DISTRIBUTIONS

          Section 2.1 Contribution by MLP GP of the 2% Interests to MLP. MLP GP hereby
grants, contributes, bargains, conveys, assigns, transfers, sets over and delivers to MLP, its
successors and assigns, for its and their own use forever, all right, title and interest in
and to the 2% Interests, as a capital contribution, in exchange for (a) a continuation of its
2% general partner interest in MLP, (b) the issuance by MLP to MLP GP of the IDRs and (c)
other good and valuable consideration, the sufficiency of which is hereby acknowledged, and
MLP hereby accepts the 2% Interests as a contribution to the capital of MLP.

          Section 2.2 Contribution by MLP GP of the Remaining Interests to MLP. MLP GP
hereby grants, contributes, bargains, conveys, assigns, transfers, sets over and delivers to
MLP, its successors and assigns, for its and their own use forever, all right, title and
interest in and to the Remainder Interests, as a capital contribution, in exchange for the
issuance by MLP to MLP GP of [ ] Common Units, and MLP hereby accepts the Remainder Interests
as a contribution to the capital of MLP.

          Section 2.3 Contribution by MLP GP of Common Units to El Paso LLC. MLP GP hereby
grants, contributes, bargains, conveys, assigns, transfers, sets over and delivers to El Paso
LLC, its successors and assigns, for its and their own use forever, all right, title and
interest in and to [ ] Common Units, as a distribution, and El Paso LLC hereby accepts the [ ]
Common Units.

          Section 2.4 Contribution by El Paso LLC of Common Units to Holdings. El Paso LLC
hereby grants, contributes, bargains, conveys, assigns, transfers, sets over and delivers to
Holdings, its successors and assigns, for its and their own use forever, all right, title and
interest in and to [ ] Common Units, as a capital contribution, and Holdings hereby accepts
the [ ] Common Units as a contribution to the capital of Holdings.

          Section 2.5 Contribution by Holdings of the EPPP CIG and EPPP SNG Interests to
MLP. Holdings hereby grants, contributes, bargains, conveys, assigns, transfers, sets over
and delivers to MLP, its successors and assigns, for its and their own use forever, all right,
title and interest in and to the EPPP CIG and EPPP SNG Interests, in exchange for (a) [___]
Subordinated Units in MLP and [___] Common Units in MLP (representing a [___] limited
partner interest), and (b) the right to receive $[___] million for
reimbursement of certain capital expenditures, and MLP hereby accepts such as a
contribution to the capital of MLP.

          Section 2.6 Contribution by MLP of Interests to OLLC. MLP hereby grants,
contributes, bargains, conveys, assigns, transfers, sets over and delivers to OLLC, its
successors and assigns, for its and their own use forever, all right, title and interest in
and to the 2% Interests, the Remaining Interests, and the EPPP CIG and EPPP SNG Intersts, as a
capital contribution, and OLLC hereby accepts such as a contribution to the capital of OLLC.

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          Section 2.7 Underwriters’ Cash Contribution. The Parties acknowledge that the
Underwriters have, pursuant to the Underwriting Agreement, made a capital contribution to MLP
of approximately $[___] million in cash ($[___] million net to MLP after the underwriting
discount and fees of $[___] million) in exchange for the issuance by MLP to the Underwriters
of 25,000,000 Common Units, representing an aggregate [___] limited partner interest in MLP.

          Section 2.8 Payment of Transaction Costs. The Parties acknowledge (a) payment by
MLP, in connection with the Closing, of transaction expenses in the amount of approximately
$3.0 million (exclusive of the Underwriters’ discount), and (b) the distribution of $[___]
million in cash to

          Section 2.9 Redemption of Holdings Initial MLP Interest. MLP hereby agrees to
redeem from Holdings and agrees to retire the Holdings Initial MLP Interest in exchange for a
payment in cash to Holdings of $980.00.

ARTICLE 3

ADDITIONAL TRANSACTIONS

          Section 3.1 Purchase of Additional Common Units. If the Option is exercised in
whole or in part, the Underwriters will contribute additional cash to MLP in exchange for up
to an additional 3,750,000 Common Units on the basis of the initial public offering price per
Common Unit set forth in the Registration Statement, net of underwriting discounts and fees.

ARTICLE 4

FURTHER ASSURANCES

          Section 4.1 Further Assurances. From time to time after the Effective Time, and
without any further consideration, the Parties agree to execute, acknowledge and deliver all
such additional deeds, assignments, bills of sale, conveyances, instruments, notices,
releases, acquittances
and other documents, and will do all such other acts and things, all in accordance with
applicable law, as may be necessary or appropriate (a) more fully to assure that the
applicable Parties own all of the properties, rights, titles, interests, estates, remedies,
powers and privileges granted by this Agreement, or which are intended to be so granted, or
(b) more fully and effectively to vest in the applicable Parties and their respective
successors and assigns beneficial and record title to the interests contributed and assigned
by this Agreement or intended so to be and to more fully and effectively carry out the
purposes and intent of this Agreement.

          Section 4.2 Other Assurances. From time to time after the Effective Time, and
without any further consideration, each of the Parties shall execute, acknowledge and deliver
all such additional instruments, notices and other documents, and will do all such other acts
and things, all in accordance with applicable law, as may be necessary or appropriate to more
fully and effectively carry out the purposes and intent of this Agreement. Without limiting
the generality of the foregoing, the Parties acknowledge that the Parties have used their good
faith efforts to attempt to identify all of the assets being

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contributed to MLP or its
subsidiaries as required in connection with the Offering. It is the express intent of the
Parties that MLP or its subsidiaries own all assets necessary to operate the assets that are
identified in this Agreement and in the Registration Statement. To the extent any assets were
not identified but are necessary to the operation of assets that were identified, then the
intent of the Parties is that all such unidentified assets are intended to be conveyed to the
appropriate members of the Partnership Group. To the extent such assets are identified at a
later date, the Parties shall take the appropriate actions required in order to convey all
such assets to the appropriate members of the Partnership Group. Likewise, to the extent that
assets are identified at a later date that were not intended by the Parties to be conveyed as
reflected in the Registration Statement, the Parties shall take the appropriate actions
required in order to convey all such assets to the appropriate Party.

ARTICLE 5

EFFECTIVE TIME

     Notwithstanding anything contained in this Agreement to the contrary, none of the provisions
of Article 2 or Article 3 of this Agreement shall be operative or have any effect until the
Effective Time, at which time all the provisions of Article 2 and Article 3 of this Agreement shall
be effective and operative in accordance with Article 6, without further action by any Party
hereto.

ARTICLE 6

MISCELLANEOUS

          Section 6.1 Order of Completion of Transactions. The transactions provided for in
Article 2 and Article 3 of this Agreement shall be completed immediately following the
Effective Time in the following order: first, the transactions provided for in Article 2 shall
be completed in the order set forth therein;
and second, following the completion of the transactions as provided in Article 2, the
transactions, if they occur, provided for in Article 3 shall be completed.

          Section 6.2 Headings; References; Interpretation. All Article and Section
headings in this Agreement are for convenience only and shall not be deemed to control or
affect the meaning or construction of any of the provisions hereof. The words “hereof,”
“herein” and “hereunder” and words of similar import, when used in this Agreement, shall refer
to this Agreement as a whole and not to any particular provision of this Agreement. All
references herein to Articles and Sections shall, unless the context requires a different
construction, be deemed to be references to the Articles and Sections of this Agreement. All
personal pronouns used in this Agreement, whether used in the masculine, feminine or neuter
gender, shall include all other genders, and the singular shall include the plural and vice
versa. The use herein of the word “including” following any general statement, term or matter
shall not be construed to limit such statement, term or matter to the specific items or
matters set forth immediately following such word or to similar items or matters, whether or
not non-limiting language (such as “without limitation”, “but not limited to”, or words of
similar import) is used with reference thereto, but rather shall be deemed to refer to all
other items or matters that could reasonably fall within the broadest possible scope of such
general statement, term or matter.

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          Section 6.3 Successors and Assigns. This Agreement shall be binding upon and
inure to the benefit of the Parties and their respective successors and assigns.

          Section 6.4 No Third Party Rights. The provisions of this Agreement are intended
to bind the Parties as to each other and are not intended to and do not create rights in any
other person or confer upon any other person any benefits, rights or remedies and no person is
or is intended to be a third party beneficiary of any of the provisions of this Agreement.

          Section 6.5 Counterparts. This Agreement may be executed in any number of
counterparts, all of which together shall constitute one agreement binding on the Parties
hereto.

          Section 6.6 Governing Law. This Agreement shall be governed by, and construed in
accordance with, the laws of the State of Texas.

          Section 6.7 Severability. If any of the provisions of this Agreement are held by
any court of competent jurisdiction to contravene, or to be invalid under, the laws of any
political body
having jurisdiction over the subject matter hereof, such contravention or invalidity
shall not invalidate the entire Agreement. Instead, this Agreement shall be construed as if it
did not contain the particular provision or provisions held to be invalid and an equitable
adjustment shall be made and necessary provision added so as to give effect to the intention
of the Parties as expressed in this Agreement at the time of execution of this Agreement.

          Section 6.8 Amendment or Modification. This Agreement may be amended or modified
from time to time only by the written agreement of all the Parties. Each such instrument shall
be reduced to writing and shall be designated on its face as an Amendment to this Agreement.

          Section 6.9 Integration. This Agreement and the instruments referenced herein
supersede all previous understandings or agreements among the Parties, whether oral or
written, with respect to their subject matter. This document and such instruments contain the
entire understanding of the Parties with respect to the subject matter hereof and thereof. No
understanding, representation, promise or agreement, whether oral or written, is intended to
be or shall be included in or form part of this Agreement unless it is contained in a written
amendment hereto executed by the Parties hereto after the date of this Agreement.

          Section 6.10 Deed; Bill of Sale; Assignment. To the extent required and permitted
by applicable law, this Agreement shall also constitute a “deed,” “bill of sale” or
“assignment” of the assets and interests referenced herein.

[Signature page follows]

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     IN WITNESS WHEREOF, this Agreement has been duly executed by the Parties hereto as of the date
first above written.

	 	 	 	 	 
	 	EL PASO PIPELINE PARTNERS, L.P.

 	 
	 	By:  	EL PASO PIPELINE GP COMPANY, L.L.C.,
its general partner
 	 
	 
	 	By:  	
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	EL PASO PIPELINE GP COMPANY, L.L.C.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	EL PASO PIPELINE LP HOLDINGS, L.L.C.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	WIC HOLDINGS COMPANY, L.L.C.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	EL PASO WYOMING GAS SUPPLY COMPANY, L.L.C.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

 

	 	 	 	 	 

	 	 	 	 	 
	 	EPPP SNG GP HOLDINGS, L.L.C.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	EPPP CIG GP HOLDINGS, L.L.C.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	EL PASO PIPELINE HOLDING COMPANY, L.L.C.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	EL PASO PIPELINE PARTNERS OPERATING COMPANY, L.L.C.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	EL PASO CORPORATION

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:exv10w20

 

Exhibit 10.20

INDEMNIFICATION AGREEMENT

     This Indemnification Agreement (this “Agreement”) is made and delivered this ___day of
___, 200___, by El Paso Pipeline GP Company, L.L.C. (the “Company”), to and for the benefit
of ___(“DIRECTOR”).

RECITALS

     WHEREAS, in order to induce DIRECTOR to become a member of the Company’s Board of Directors
(“Board”), the Company is executing and delivering to DIRECTOR this Indemnification Agreement.

     NOW, THEREFORE, in consideration of the foregoing, the mutual covenants contained herein, and
for other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the Company hereby agrees as follows:

SECTION 1. Right To Indemnification

     If DIRECTOR is made a party or is threatened to be made a party to or is involved (including,
without limitation, as a witness) in any actual or threatened action, suit or proceeding, whether
civil, criminal, administrative or investigative (hereinafter a “proceeding”), by reason of the
fact that he is or was a Director of the Company (or of any subsidiary of the Company) or is or was
serving at the request of the Company or the Board of Directors, including service with respect to
any employee benefit plan or any subsidiary of the Company, whether the basis of such proceeding is
alleged action in an official capacity as a Director or in any other capacity while serving as a
Director, he shall be indemnified and held harmless by the Company to the fullest extent permitted
by Section 18-108 of the Delaware Limited Liability Company Act, as the same exists or may
hereafter be amended (but, in the case of any such amendment, only to the extent that such
amendment permits the Company to provide broader indemnification rights than said law permitted the
Company to provide prior to such amendment), or by other applicable law as then in effect, against
all expense, liability and loss (including attorneys’ fees, judgments, fines, or penalties and
amounts to be paid in settlement) actually and reasonably incurred or suffered by him in connection
therewith and such indemnification shall continue after DIRECTOR has ceased to be a Director and
shall inure to the benefit of DIRECTOR’s heirs, executors and administrators; provided, however,
that except as provided in Section 2 of this Agreement with respect to proceedings seeking to
enforce rights to indemnification or to advancement of expenses, the Company shall be required to
indemnify DIRECTOR in connection with a proceeding (or part thereof) initiated by DIRECTOR only if
such proceeding (or part thereof) was authorized by the Board. The right to indemnification
conferred in this Agreement shall include the right to be paid by the Company the reasonable
expenses (including attorneys’ fees) incurred in defending any such proceeding in advance of its
final disposition (hereinafter an “advancement of expenses”); further provided, however, that, if
the Delaware Limited Liability Company Act requires, an advancement of expenses incurred by
DIRECTOR in his capacity as a Director (and not in any other capacity in which service was or is
rendered by DIRECTOR while a Director including, without limitation, service to an employee benefit
plan)

 

 

shall be made only upon delivery to the Company of a written request accompanied by such
documentation and information as is reasonably available to DIRECTOR and is reasonably necessary to
determine whether and to what extent DIRECTOR is entitled to indemnification and an undertaking, if
permitted by Federal law, by or on behalf of DIRECTOR, to repay all amounts so advanced if it shall
ultimately be determined that he is not entitled to be indemnified under this Agreement, or
otherwise, and provided further that except as provided in Section 2 of this Agreement with respect
to proceedings seeking to enforce rights to indemnification or an advancement of expenses, the
Company shall be required to advance expenses to DIRECTOR in connection with a proceeding initiated
by him only if such proceeding was authorized by the Board.

SECTION 2. Right To Bring Suit

     If a claim under Section 1 of this Agreement is not paid in full by the Company within sixty
(60) days after a written claim has been received by the Company, except in the case of a claim for
an advancement of expenses, in which case the applicable period shall be twenty (20) days, DIRECTOR
may at any time thereafter bring suit against the Company to recover the unpaid amount of the claim
and, to the extent successful in whole or in material part, DIRECTOR shall be entitled to be paid
the expense of prosecuting such suit. DIRECTOR shall be presumed to be entitled to indemnification
under this Agreement upon submission of a written claim (and, in an action brought to enforce a
claim for an advancement of expenses, where the required undertaking, if any is required, has been
tendered to the Company), and thereafter the Company shall have the burden of proof to overcome the
presumption that DIRECTOR is not so entitled. Neither the failure of the Company (including its
Board, independent legal counsel, or its stockholders), to have made a determination prior to the
commencement of such suit that indemnification of DIRECTOR is proper in the circumstances, nor an
actual determination by the Company (including its Board, independent legal counsel or its security
holders) that DIRECTOR is not entitled to indemnification, shall be a defense to the suit or create
a presumption that DIRECTOR is not so entitled.

SECTION 3. Nonexclusivity of Rights

     The rights to indemnification and to the advancement of expenses conferred in this Agreement
are in addition to and shall not be exclusive of any other right DIRECTOR may have or hereafter
acquire under any statute, provision of the Certificate of Formation of the Company or its Amended
and Restated Limited Liability Company Agreement, or under any other plan, program, arrangement,
agreement, vote of members or disinterested Directors or otherwise.

SECTION 4. Insurance, Contracts and Funding

     The Company may maintain insurance, at its expense, to protect itself and DIRECTOR against any
expense, liability or loss, whether or not the Company would have the power to indemnify DIRECTOR
against such expense, liability or loss under the Delaware Limited Liability Company Act. The
Company may enter into contracts with DIRECTOR in furtherance of the provisions of this Agreement
and may create a trust fund, grant a security interest or use other means (including, without
limitation, a letter of credit) to ensure the payment of such

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amounts as may be necessary to effect indemnification as provided in this Agreement. To the
extent the Company maintains an insurance policy or policies providing directors’ and officers’
liability insurance, DIRECTOR shall be covered by such policy or policies, in accordance with its
or their terms, to the maximum extent of the coverage available for any Company director or
officer.

SECTION 5. Change of Control

     (a) A “Change in Control” shall mean the occurrence of any of the following:

     With respect to the Company, any of the following events: (i) any sale, lease, exchange or
other transfer (in one transaction or a series of related transactions) of all or substantially all
of the Company’s assets to any other person, unless immediately following such sale, lease,
exchange or other transfer such assets are owned, directly or indirectly, by the Company; (ii) the
dissolution or liquidation of the Company; (iii) the consolidation or merger of the Company with or
into another person pursuant to a transaction in which the outstanding securities of any class of a
person entitling the holders thereof to vote in the election of, or to appoint, members of the
board of directors or other similar governing body of the Company (“Voting Securities”) are changed
into or exchanged for cash, securities or other property, other than any such transaction where (a)
the outstanding Voting Securities of the Company are changed into or exchanged for Voting
Securities of the surviving person or its parent and (b) the holders of the Voting Securities of
the Company immediately prior to such transaction own, directly or indirectly, not less than a
majority of the outstanding Voting Securities of the surviving person or its parent immediately
after such transaction; and (iv) a “person” or “group” (within the meaning of Sections 13(d) or
14(d)(2) of the Exchange Act) becomes the “beneficial owner” (as defined in Rules 13d-3 and 13d-5
under the Exchange Act) of more than 50% of all of the then outstanding Voting Securities of the
Company, except (a) El Paso and any affiliates of El Paso Corporation and (b) in a merger or
consolidation which would not constitute a Change in Control under clause (iii) above.

     (b) Change in Control of the Company. The Company agrees that if there is a Change in
Control of the Company, then with respect to all matters thereafter arising concerning the rights
of DIRECTOR to indemnity payments and expense advances under this Agreement, any other agreements,
the Certificate of Formation or the Amended and Restated Limited Liability Company Agreement now or
hereafter in effect relating to a proceeding, the Company shall seek legal advice only from special
independent counsel selected by DIRECTOR and approved by the Company (which approval shall not be
unreasonably withheld), and who has not otherwise performed services for the Company (other than in
connection with such matters) or DIRECTOR. In the event that DIRECTOR and the Company are unable
to agree on the selection of the special independent counsel, such special independent counsel
shall be selected by lot from among at least five law firms in New York City, New York or Houston,
Texas selected by DIRECTOR, each having no less than 50 partners. Such selection shall be made in
the presence of DIRECTOR (and his legal counsel or either of them, as DIRECTOR may elect). Such
special independent counsel, among other things, shall determine whether and to what extent
DIRECTOR would be permitted to be indemnified under applicable law and shall render its written
opinion to the Company and DIRECTOR to such effect.

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     The Company agrees to pay the reasonable fees of the special independent counsel referred to
above and to fully indemnify such counsel against any and all expenses (including attorneys’ fees),
claims, liabilities and damages arising out of or relating to this Agreement or its engagement
pursuant hereto.

SECTION 6. No Modification

     No supplement, modification or amendment of this Agreement shall be binding unless executed in
writing by both of the parties hereto. No waiver of any of the provisions of this Agreement shall
be deemed or shall constitute a waiver of any other provisions hereof (whether or not similar) nor
shall such waiver constitute a continuing waiver. Any waiver to this agreement shall be in
writing.

SECTION 7. Subrogation

     In the event of payment under this Agreement, the Company shall be subrogated to the extent of
such payment to all of the rights of recovery of DIRECTOR, who shall execute all papers required
and shall do everything that may be necessary to secure such rights, including the execution of
such documents necessary to enable the Company effectively to bring suit to enforce such rights.

SECTION 8. No Duplication of Payments

     The Company shall not be liable under this Agreement to make any payment in connection with
any proceeding against DIRECTOR to the extent DIRECTOR has otherwise actually received payment
(under any insurance policy or otherwise) of the amounts otherwise indemnifiable hereunder.

SECTION 9. Notification and Defense of Proceedings

     DIRECTOR agrees that he will use all reasonable efforts to notify the Company promptly after
receipt by DIRECTOR of notice of the commencement of any proceeding if he anticipates that a
request for indemnification in respect thereof is to be made against the Company under this
Agreement; but failure to so notify the Company will not relieve the Company from any
indemnification or other obligation or liability which it may have to DIRECTOR. With respect to
any such proceeding as to which DIRECTOR notifies the Company of the commencement thereof:

     (a) the Company will be entitled to participate therein at its own expense; and

     (b) except as otherwise provided below, to the extent that it may wish, the Company jointly
with any other indemnifying party similarly notified will be entitled to assume the defense
thereof, with counsel satisfactory to DIRECTOR. After notice from the Company to DIRECTOR of its
election to assume the defense thereof, the Company will not be liable to DIRECTOR under this
Agreement for any legal or other expenses subsequently incurred by DIRECTOR in connection with the
defense thereof other than reasonable costs of investigation

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or as otherwise provided below. DIRECTOR shall have the right to employ its counsel in such
proceeding, but the fees and expenses of such counsel incurred after notice from the Company of its
assumption of the defense thereof shall be at the expense of DIRECTOR unless (i) the employment of
counsel by DIRECTOR has been authorized by the Company, (ii) DIRECTOR shall have reasonably
concluded that there may be a conflict of interest between the Company and DIRECTOR in the conduct
of the defense of such proceeding or (iii) the Company shall not in fact have employed counsel to
assume the defense of such proceeding, in each of which cases the fees and expenses of counsel
shall be at the expense of the Company. The Company shall not be entitled to assume the defense of
any proceeding brought by or on behalf of the Company or as to which DIRECTOR shall have made the
conclusion provided for in clause (ii) of this subsection 9(b).

     (c) The Company shall not be liable to indemnify DIRECTOR under this Agreement for any amounts
paid in settlement of any proceeding effected by DIRECTOR without the Company’s prior written
consent. The Company shall not settle any proceeding in any manner which would impose any penalty
or limitation on DIRECTOR without DIRECTOR’s prior written consent. Neither the Company nor
DIRECTOR will unreasonably withhold their consent to any proposed settlement.

SECTION 10. Notices

     (a) All notices, requests, demands and other communications sent pursuant to this Agreement
must be in writing or by electronic transmission and will be deemed delivered and received: (i) if
personally delivered by telex, telegram, facsimile, electronic transmission or courier service,
when actually received by the party to whom the notice or communication is sent; or (ii) if
delivered by mail, whether actually received or not, at the close of business on the third business
day in the city in which the Company’s principal executive office is located next following the day
when placed in the U.S. mail, postage prepaid, certified or registered, addressed to the
appropriate party at the address of that party set forth below, or at such other address as that
party may designate by notice in writing or by electronic transmission to the other party in
accordance herewith.

     (b) If to DIRECTOR, to:

__________________________________

__________________________________

__________________________________

Fax No.:___________________________

E-mail: ____________________________

     with a copy, which will not constitute notice for purposes of this Agreement, to such legal
counsel, if any, as DIRECTOR may designate in writing or by electronic transmission.

     (c) If to the Company, to:

El Paso Pipeline GP Company, L.L.C.

El Paso Building, 1001 Louisiana Street

Houston, Texas 77002

Attention: _________________________

Fax No.: (713) 420-__________________

E-mail: _____________@elpaso.com

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SECTION 11. No Presumptions

     For purposes of this Agreement, the termination of any proceeding against DIRECTOR by
judgment, order, settlement (whether with or without court approval) or conviction, or upon a plea
of nolo contendere, or its equivalent, shall not create a presumption that DIRECTOR did not meet
any particular standard of conduct or have any particular belief or that a court has determined
that indemnification is not permitted by applicable law. In addition, neither the failure of the
Company to have made a determination as to whether DIRECTOR has met any particular standard of
conduct or had any particular belief, nor an actual determination by the Company that DIRECTOR has
not met such standard of conduct or did not have such belief, prior to the commencement of legal
proceedings by DIRECTOR to secure a judicial determination that DIRECTOR should be indemnified
under applicable law shall be a defense to DIRECTOR’s claim for indemnification or create a
presumption that DIRECTOR has not met any particular standard of conduct or did not have any
particular belief.

SECTION 12. Acknowledgment of Reliance

     The Company acknowledges that DIRECTOR is relying on this Agreement and the promises
and agreements of the Company herein in continuing his service as a Director and in agreeing to
undertake and in undertaking his responsibilities, duties and services to and for the Company in
connection therewith.

SECTION 13. Counterparts

     This Agreement may be executed in one or more counterparts, each of which will for
all purposes be deemed to be original but all of which together will constitute one and the same
agreement.

SECTION 14. Headings

     The headings of the Sections hereof are inserted for convenience only and do not and will not
be deemed to constitute part of this Agreement or to affect the construction thereof.

SECTION 15. Miscellaneous

     This Agreement shall be governed by and construed in accordance with the laws of the State of
Delaware. Each provision hereof is intended to be severable and the invalidity or illegality of
any portion of this Agreement shall not affect the validity or legality of the remainder.

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     Executed as an instrument under seal as of the day and year first above written.

	 	 	 	 	 
	 	EL PASO PIPELINE GP COMPANY, L.L.C.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  
Hereunto duly authorized 
	 
	 	 	 
	 	By:  	
 	 
	 	 	Name:  	 	 
	 	 	Title:  
Hereunto duly authorized 
	 

- 7 -

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