Document:

Unassociated Document

    
      EXHIBIT
        10.2

       

    

    OMNIBUS
      AGREEMENT

     

    
      AMONG

       

    

    
      BREITBURN
        ENERGY HOLDINGS LLC,

       

    

    BEC
      (GP) LLC,

     

    
      BREITBURN
        ENERGY COMPANY L.P.,

       

    

    
      BREITBURN
        GP, LLC,

       

    

    BREITBURN
      MANAGEMENT COMPANY, LLC

     

    AND

     

    
      BREITBURN
        ENERGY PARTNERS L.P.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
              TABLE
                OF CONTENTS

            	 
	 	 
	
              
                ARTICLE
                  I

              

            	 
	 	 
	
              DEFINITIONS

            	 
	 	 	 	 
	
              Section
                1.1

            	
              Definitions.

            	
              1

            	 
	
              Section
                1.2

            	
              Construction.

            	
              4

            	 
	 	 
	
              
                ARTICLE
                  II

              

            	 
	 	 
	
              BUSINESS
                OPPORTUNITIES

            	 
	 	 	 	 
	
              Section
                2.1

            	
              BBEP
                Business Opportunities.

            	
              4

            	 
	
              Section
                2.2

            	
              BEC
                Business Opportunities.

            	
              5

            	 
	
              Section
                2.3

            	
              Joint
                Business Opportunities.

            	
              5

            	 
	
              Section
                2.4

            	
              Authorization
                of BMC.

            	
              5

            	 
	
              Section
                2.5

            	
              Scope
                of Prohibition.

            	
              6

            	 
	
              Section
                2.6

            	
              Enforcement.

            	
              6

            	 
	 	 	 	 
	
              
                ARTICLE
                  III

              

            	 
	 	 
	
              RIGHT
                OF FIRST OFFER

            	 
	 	 	 	 
	
              Section
                3.1

            	
              Rights
                of First Offer.

            	
              6

            	 
	
              Section
                3.2

            	
              Procedures
                for Rights of First Offer.

            	
              7

            	 
	 	 
	
              ARTICLE
                IV

            	 
	 	 
	
              MISCELLANEOUS

            	 
	 	 	 	 
	
              Section
                4.1

            	
              Notices.

            	
              7

            	 
	
              Section
                4.2

            	
              Further
                Action.

            	
              8

            	 
	
              Section
                4.3

            	
              Binding
                Effect.

            	
              8

            	 
	
              Section
                4.4

            	
              Integration.

            	
              8

            	 
	
              Section
                4.5

            	
              Creditors.

            	
              9

            	 
	
              Section
                4.6

            	
              Waiver.

            	
              9

            	 
	
              Section
                4.7

            	
              Counterparts.

            	
              9

            	 
	
              Section
                4.8

            	
              Applicable
                Law; Submission to Jurisdiction.

            	
              9

            	 
	
              Section
                4.9

            	
              Invalidity
                of Provisions.

            	
              9

            	 
	
              Section 4.10

            	
              Amendment
                or Modification.

            	
              9

            	 
	
              Section 4.11

            	
              Assignment.

            	
              9

            	 
	
              Section 4.12

            	
              Termination.

            	
              10

            	 
	
              Section 4.13

            	
              Laws
                and Regulations.

            	
              10

            	 

    

    

    Omnibus
      Agreement

    
      
        
        

      

      
        i

        
          

        

      

      
        
        

      

    

    

    OMNIBUS
      AGREEMENT

     

    THIS
      OMNIBUS AGREEMENT is entered into on, and effective as of, August 26, 2008
      (the
“Effective Date”), by and among BreitBurn Energy Holdings LLC, a Delaware
      limited liability company (“BEH LLC”), BEC (GP) LLC, a Delaware limited
      liability company (“BEC GP”), BreitBurn Energy Company L.P., a Delaware limited
      partnership (“BEC”), BreitBurn GP, LLC, a Delaware limited liability company
      (“BreitBurn GP”), BreitBurn Management Company, LLC, a Delaware limited
      liability company (“BMC”), and BreitBurn Energy Partners L.P., a Delaware
      limited partnership (“BBEP,” and collectively with BEH LLC, BEC GP, BEC,
      BreitBurn GP and BMC, the “Parties” and each, a “Party”).

     

    In
      consideration of the covenants, conditions and agreements contained herein,
      the
      Parties hereto hereby agree as follows:

     

    ARTICLE
      I

     

    DEFINITIONS

     

    
      	
              Section
                1.1

            	
              Definitions.

            

    

     

    The
      following definitions shall be for all purposes, unless otherwise clearly
      indicated to the contrary, applied to the terms used in this
      Agreement.

     

    “Affiliate”
means,
      with respect to any Person, any other Person that directly or indirectly through
      one or more intermediaries controls, is controlled by or is under common control
      with, the Person in question. As used herein, the term “control” means the
      possession, direct or indirect, of the power to direct or cause the direction
      of
      the management and policies of a Person, whether through ownership of voting
      securities, by contract or otherwise.

     

    “Agreement”
means
      this Omnibus Agreement, as it may be amended, supplemented or restated from
      time
      to time.

     

    “BBEP
      Business Opportunity”
means
      a
      business opportunity with respect to (a) any third party upstream oil and gas
      properties and any related midstream assets, if the fair market value of the
      estimated proved developed reserves related to such properties constitutes
      70%
      or more of the fair market value of such properties and related midstream assets
      (as determined in good faith by the Board of Directors of BreitBurn GP), or
      (b)
      any third party oil and gas properties and any related midstream assets located
      within one mile of any oil and gas properties and any related midstream assets
      that are owned by the BBEP Group, and in which no interest is owned by the
      BEC
      Group.

     

    “BBEP
      Business Opportunity Information”
is
      defined in Section
      2.1.

     

    “BBEP
      Group”
means
      BreitBurn GP, BBEP and all of their respective Subsidiaries.

     

    “BBEP
      Subject Assets”
means
      BBEP, any member of the BBEP Group and all upstream oil and gas properties
      and
      related midstream assets owned by the BBEP Group.

     

    Omnibus
      Agreement

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    “BEC
      Business Opportunity”
means
      a
      business opportunity with respect to (a) any third party upstream oil and gas
      properties and any related midstream assets, if the fair market value of the
      estimated proved developed reserves related to such properties constitutes
      less
      than 70% of the fair market value of such properties and related midstream
      assets (as determined in good faith by the Board of Directors of BEH LLC),
      or
      (b) any oil and gas properties and any related midstream assets located within
      one mile of any oil and gas properties and any related midstream assets that
      are
      owned by the BEC Group, and in which no interest is owned by the BBEP
      Group.

     

    “BEC
      Business Opportunity Information”
is
      defined in Section 2.2.

     

    “BEC
      Group”
means
      BEH LLC, BEC GP, BEC and all of their respective Subsidiaries.

     

    “BEC
      GP”
means
      BEC (GP) LLC, a Delaware limited liability company, and its successors and
      permitted assigns that are admitted to as general partner of BEC, in its
      capacity as general partner of BEC (except as the context otherwise
      requires).

     

    “BEC Subject
      Assets”
means
      BEC, any member of the BEC Group and all upstream oil and gas properties and
      related midstream assets owned by the BEC Group.

     

    “BMC”
means
      BreitBurn Management Company, LLC, a Delaware limited liability
      company.

     

    “BreitBurn
      GP”
means
      BreitBurn GP, LLC, a Delaware limited liability company, and its successors
      and
      permitted assigns that are admitted to as general partner of BBEP, in its
      capacity as general partner of BBEP (except as the context otherwise
      requires).

     

    “Business
      Opportunity” means
      a
      BBEP Business Opportunity, a BEC Business Opportunity or a Joint Business
      Opportunity.

     

    “Change
      of Control”
means,
      with respect to any Person (the “Applicable Person”), any of the following
      events: (a) any sale, lease, exchange or other transfer (in one transaction
      or a
      series of related transactions) of all or substantially all of the Applicable
      Person’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 Applicable Person; (b) the amalgamation, combination, consolidation
      or
      merger of the Applicable Person with or into another Person pursuant to a
      transaction or series of related transactions, other than any such
      transaction(s) where (i) the holders of the Voting Securities of the Applicable
      Person 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 (ii) the board
      of
      directors of the surviving person is comprised of a majority of persons who
      were
      directors of the Applicable Person immediately prior to such transaction; or
      (c)
      a “person” or “group” (within the meaning of Sections 13(d) or 14(d)(2) of the
      Exchange Act), being or becoming 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 Applicable Person, except in a merger
      or
      consolidation which would not constitute a Change of Control under clause (b)
      above.

     

    “Conflicts
      Committee”
means
      the Conflicts Committee of BreitBurn GP.

     

    Omnibus
      Agreement

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    “Effective
      Date”
is
      defined in the introductory paragraph.

     

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

     

    “Joint
      Business Opportunity” means
      a
      business opportunity with respect to any oil and gas properties and any related
      midstream assets located within one mile of any Joint Properties.

     

    “Joint
      Properties” means
      any
      oil and gas properties that are jointly owned by the BEC Group and the BBEP
      Group. Annex A sets forth all Joint Properties owned as of the Effective Date
      and the ownership interest of each of the BEC Group and the BBEP Group in such
      Joint Properties.

     

    “Parties”
is
      defined in the introductory paragraph.

     

    “Partnership
      Agreement”
means
      the First Amended and Restated Agreement of Limited Partnership of BBEP, dated
      as of October 10, 2006, as the same may be amended or restated from time to
      time.

     

    “Person”
means
      an individual or a corporation, limited liability company, partnership, joint
      venture, trust, unincorporated organization, association, government agency
      or
      political subdivision thereof or other entity.

     

    “Subsidiary”
means,
      with respect to any Person, (a) a corporation of which more than 50% of the
      voting power of shares entitled (without regard to the occurrence of any
      contingency) to vote in the election of directors or other governing body of
      such corporation is owned, directly or indirectly, at the date of determination,
      by such Person, by one or more Subsidiaries of such Person or a combination
      thereof, (b) a partnership (whether general or limited) in which such Person
      or
      a Subsidiary of such Person is, at the date of determination, a general or
      limited partner of such partnership, but only if more than 50% of the
      partnership interests of such partnership (considering all of the partnership
      interests of the partnership as a single class) is owned, directly or
      indirectly, at the date of determination, by such Person, by one or more
      Subsidiaries of such Person, or a combination thereof, or (c) any other Person
      (other than a corporation or a partnership) in which such Person, one or more
      Subsidiaries of such Person, or a combination thereof, directly or indirectly,
      at the date of determination, has (i) at least a majority ownership interest
      or
      (ii) the power to elect or direct the election of a majority of the directors
      or
      other governing body of such Person.

     

    “Transfer”
      including the correlative terms “Transferring”
or
      “Transferred”
means
      any direct or indirect transfer, assignment, sale, gift, pledge, hypothecation
      or other encumbrance, or any other disposition (whether voluntary, involuntary
      or by operation of law) of any assets, property or rights.

     

    “Voting
      Securities”
means
      securities of any class of a Person entitling the holders thereof to vote in
      the
      election of members of the board of directors or other similar governing body
      of
      such Person or otherwise participate in the governance of the
      Person.

     

    Other
      terms defined herein have the meanings so given them.

    

    Omnibus
      Agreement

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    
      	
              Section
                1.2

            	
              Construction.

            

    

     

    Unless
      the context requires otherwise: (a) any pronoun used in this Agreement shall
      include the corresponding masculine, feminine or neuter forms, and the singular
      form of nouns, pronouns and verbs shall include the plural and vice versa;
      (b)
      references to Articles and Sections refer to Articles and Sections of this
      Agreement; (c) the terms “include”, “includes”, “including” and words of like
      import shall be deemed to be followed by the words “without limitation”; and (d)
      the terms “hereof,” “herein” and “hereunder” refer to this Agreement as a whole
      and not to any particular provision of this Agreement. The table of contents
      and
      headings contained in this Agreement are for reference purposes only, and shall
      not affect in any way the meaning or interpretation of this
      Agreement.

     

    ARTICLE
      II

     

    BUSINESS
      OPPORTUNITIES

     

    
      	
              Section
                2.1

            	
              BBEP
                Business
                Opportunities.

            

    

     

    The
      BBEP
      Group may pursue, purchase or invest in any business opportunity with respect
      to
      any BBEP Business Opportunity. If the BEC Group is presented with an opportunity
      to pursue, purchase or invest in any BBEP Business Opportunity, BEC shall give
      prompt written notice to BreitBurn GP, on behalf of the BBEP Group, of the
      BBEP
      Business Opportunity. Such notice shall set forth all information available
      to
      the BEC Group including, but not limited to, the identity of the BBEP Business
      Opportunity and its seller, the proposed price, all written information about
      the BBEP Business Opportunity provided to the BEC Group by and on behalf of
      the
      seller as well as any information or analyses compiled by the BEC Group from
      other sources (such information referred to collectively herein as “BBEP
      Business Opportunity Information”). BEC shall continue to provide to BreitBurn
      GP, on behalf of the BBEP Group, promptly any and all BBEP Business Opportunity
      Information subsequently received. The Parties shall maintain the
      confidentiality of all such BBEP Business Opportunity Information, subject
      to
      compliance with applicable law. As soon as practicable, but in any event within
      fifteen (15) days after receipt of such initial notification and information,
      BreitBurn GP, on behalf of the BBEP Group, shall notify BEC whether or not
      BreitBurn GP, on behalf of the BBEP Group, has elected, with the concurrence
      of
      BBEP’s Conflicts Committee, to cause a member of the BBEP Group to pursue the
      opportunity to acquire or invest in the BBEP Business Opportunity. If, at any
      time, BreitBurn GP, on behalf of the BBEP Group, abandons such opportunity
      with
      the approval of BBEP’s Conflicts Committee (as evidenced in writing by BreitBurn
      GP following the request of BEH LLC, on behalf of BEC), the BEC Group may pursue
      such opportunity.

     

    Omnibus
      Agreement

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    
      	
              Section
                2.2

            	
              BEC
                Business Opportunities.

            

    

     

    The
      BEC
      Group may pursue, purchase or invest in any business opportunity with respect
      to
      any BEC Business Opportunity. If the BBEP Group is presented with an opportunity
      to pursue, purchase or invest in any business opportunity with respect to any
      BEC Business Opportunity, BreitBurn GP, on behalf of the BBEP Group, shall
      give
      prompt written notice to BEH LLC, on behalf of the BEC Group, of the BEC
      Business Opportunity. Such notice shall set forth all information available
      to
      the BBEP Group including, but not limited to, the identity of the BEC Business
      Opportunity and its seller, the proposed price, all written information about
      the BEC Business Opportunity provided to the BBEP Group by and on behalf of
      the
      seller as well as any information or analyses compiled by the BBEP Group from
      other sources (such information referred to collectively herein as “BEC Business
      Opportunity Information”). BreitBurn GP, on behalf of the BBEP Group, shall
      continue to provide to BEH LLC, on behalf of the BEC Group, promptly any and
      all
      BEC Business Opportunity Information subsequently received. The Parties shall
      maintain the confidentiality of all such BEC Business Opportunity Information,
      subject to compliance with applicable law. As soon as practicable, but in any
      event within fifteen (15) days after receipt of such initial notification and
      information, BEH LLC, on behalf of the BEC Group, shall notify BreitBurn GP,
      on
      behalf of the BBEP Group, whether or not BEH LLC, on behalf of the BEC Group,
      has elected to cause a member of the BEC Group to pursue the opportunity to
      acquire or invest in the BEC Business Opportunity. If, at any time, the BEC
      Group abandons such opportunity (as evidenced in writing by BEH LLC following
      the request of BreitBurn GP, on behalf of BBEP), the BBEP Group may pursue
      such
      opportunity.

     

    
      	
              Section
                2.3

            	
              Joint
                Business Opportunities.

            

    

     

    If
      the
      BBEP Group or the BEC Group (as applicable, the “Receiving Party”) is presented
      with an opportunity to pursue, purchase or invest in any Joint Business
      Opportunity, the Receiving Party shall give prompt written notice to the BEC
      Group or the BBEP Group (as applicable, the “Other Party”) of the Joint Business
      Opportunity. Such notice shall set forth all information available to the
      Receiving Party including, but not limited to, the identity of the Joint
      Business Opportunity and its seller, the proposed price, all written information
      about the Joint Business Opportunity provided to the Receiving Party by and
      on
      behalf of the seller as well as any information or analyses compiled by the
      Receiving Party from other sources (such information referred to collectively
      herein as “Joint Business Opportunity Information”). The Receiving Party shall
      continue to provide to the Other Party promptly any and all Joint Business
      Opportunity Information subsequently received. Each of the BBEP Group and the
      BEC Group shall maintain the confidentiality of all such Joint Business
      Opportunity Information, subject to compliance with applicable law. Each of
      the
      BBEP Group and the BEC Group agree to discuss the pursuit of a joint bid for
      the
      Joint Business Opportunity on the basis of their existing ownership interests,
      including their respective operating control, in the Joint Properties (in the
      case of the Joint Properties owned as of the Effective Date, as set forth in
      Annex A). If the Parties cannot agree on the terms upon which to proceed with
      a
      joint bid within fifteen (15) business days, then each of the BBEP Group and
      the
      BEC Group shall be free to pursue an independent bid for the Joint Business
      Opportunity.

     

    
      	
              Section
                2.4

            	
              Authorization
                of BMC.

            

    

     

    BMC
      acknowledges that if it is presented with a Business Opportunity that it will
      notify BEH LLC, on behalf of the BEC Group, and BreitBurn GP, on behalf of
      the
      BBEP Group, of such Business Opportunity. BMC shall be authorized to enter
      into
      a confidentiality agreement or similar non-disclosure agreement on behalf the
      parties to facilitate the pursuit of any Business Opportunity.

     

    Omnibus
      Agreement

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    
      	
              Section
                2.5

            	
              Scope
                of Prohibition.

            

    

     

    Except
      as
      provided in this Article II, the Parties shall be free to engage in any business
      activity whatsoever, including those that may be in direct competition with
      the
      BBEP Group or the BEC Group, as the case may be.

     

    
      	
              Section
                2.6

            	
              Enforcement.

            

    

     

    (a) The
      Parties agree and acknowledge that there is no adequate remedy at law for the
      breach by the Parties of the covenants and agreements set forth in this Article
      II, and that any breach by the Parties of the covenants and agreements set
      forth
      in Article II would result in irreparable injury. The Parties further agree
      and
      acknowledge that any Party to this Agreement may, in addition to the other
      remedies which may be available hereunder or under applicable law, file a suit
      in equity to enjoin the violating Party from such breach, and the Parties
      consent to the issuance of injunctive relief hereunder.

     

    (b) If
      any
      court determines that any provision of this Article II is invalid or
      unenforceable, the remainder of such provisions shall not thereby be affected
      and shall be given full effect without regard to the invalid provision;
      provided, however, that if any court determines that any provision in either
      Section 2.1 or Section 2.2 is invalid or unenforceable then the corresponding
      provision in Section 2.2 or Section 2.1, as the case may be, shall also be
      invalid or unenforceable. If any court construes any provision of this Article
      II, or any part thereof, to be unreasonable because of the duration of such
      provision or the geographic scope thereof, such court shall have the power
      to
      reduce the duration or restrict the geographic scope of such provision and
      to
      enforce such provision as so reduced or restricted. 

     

    ARTICLE
      III

     

    RIGHT
      OF FIRST OFFER

     

    
      	
              Section
                3.1

            	
               Rights
                of First Offer.

            

    

     

    The BEC
      Group hereby grants the BBEP Group a right of first offer on
      any proposed Transfer of any BEC Subject Assets. 

     

    Omnibus
      Agreement

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

    
      	
              Section
                3.2

            	
               Procedures
                for Rights of First Offer.   
                

            

    

     

    If
      any
      BEC Group member or any controlling person thereof proposes to Transfer
      any BEC Subject Assets (the "Sale Assets"), prior to engaging in
      any negotiation for such Transfer with any non-affiliated third party or
      otherwise offering to Transfer the Sale Assets to any non-affiliated third
      party, BEC shall give BBEP written notice setting forth a description of
      the Sale Assets and all material terms and conditions of the
      proposed Transfer other than an offer price (the "Transfer Notice").
      BBEP then shall have a period of fifteen (15) business days following the
      delivery by BEC of the Transfer Notice (the "First Offer Negotiation Period')
      to
      elect to make an offer to BEC for the purchase by BBEP of the Sale Assets. 
In the event that BBEP elects to make such an offer, then BBEP shall, within
      said period, provide the offer price and terms on which BBEP is willing to
      acquire such Sale Assets ("Offer Notice").  If those terms are acceptable
      to BEC then the parties agree to negotiate in good faith to reach an agreement
      for the Transfer of such Sale Assets to the Potential Transferee or any of
      its Affiliates on the terms and conditions set forth in the Transfer Notice
      and
      Offer Notice. If no such agreement with respect to the Sale Assets is
      reached during the First Offer Negotiation Period, then BEC may proceed to
      negotiate and sell the Sale Assets to a third-party; provided, however, that
      nothing shall preclude BBEP from participating in any such sale process
      including the making of a bid or other offer on any terms it desires.  If
      BBEP and BEC do not reach agreement during the First Offer Negotiation Period,
      and BEC has not Transferred, or agreed in writing to Transfer such
      Sale Assets to a third party within one
      year
      after
      the end of the First Offer Negotiation Period, then BEC shall not thereafter
      Transfer any of the Sale Assets without first offering such assets to BBEP
      in
      the manner provided above.

     

    ARTICLE
      IV

     

    MISCELLANEOUS

     

    
      	
              Section
                4.1

            	
              Notices.

            

    

     

    All
      notices or other communications required or permitted under, or otherwise in
      connection with, this Agreement must be in writing and must be given by
      depositing same in the U.S. mail, addressed to the Person to be notified,
      postpaid and registered or certified with return receipt requested or by
      transmitting by national overnight courier or by transmitting by national
      overnight courier or by delivering such notice in person or by facsimile to
      such
      Party. Notice given by mail, national overnight courier or personal delivery
      shall be effective upon actual receipt. Notice given by facsimile shall be
      effective upon confirmation of receipt when transmitted by facsimile if
      transmitted during the recipient’s normal business hours or at the beginning of
      the recipient’s next business day after receipt if not transmitted during the
      recipient’s normal business hours. All notices to be sent to a Party pursuant to
      this Agreement shall be sent to or made at the address, in each case as
      follows:

     

    If
      to BEH
      LLC:

     

    515
      South
      Flower Street, Suite 4800

    Los
      Angeles, CA 90071

    Attention:
      Randall H. Breitenbach 

    Fax:
      (213) 225-5917

     

    Omnibus
      Agreement

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

    

    If
      to BEC
      GP:

     

    515
      South
      Flower Street, Suite 4800

    Los
      Angeles, CA 90071

    Attention:
      Randall H. Breitenbach 

    Fax:
      (213) 225-5917

     

    If
      to
      BEC:

     

    BreitBurn
      Energy Company L.P.

    515
      South
      Flower Street, Suite 4800

    Los
      Angeles, CA 90071

    Attention:
      Randall H. Breitenbach

    Fax:
      (213) 225-5917

     

    If
      to
      BreitBurn GP:

     

    BreitBurn
      GP, LLC

    515
      South
      Flower Street, Suite 4800

    Los
      Angeles, CA 90071

    Attention:
      Halbert S. Washburn

    Fax:
      (213) 225-5917

     

    If
      to
      BBEP:

     

    BreitBurn
      Energy Partners L.P.

    515
      South
      Flower Street, Suite 4800

    Los
      Angeles, CA 90071

    Attention:
      Halbert S. Washburn

    Fax:
      (213) 225-5917

     

    
      	
              Section
                4.2

            	
              Further
                Action.

            

    

     

    The
      Parties shall execute and deliver all documents, provide all information and
      take or refrain from taking action as may be necessary or appropriate to achieve
      the purposes of this Agreement.

     

    
      	
              Section
                4.3

            	
              Binding
                Effect.

            

    

     

    This
      Agreement shall be binding upon and inure to the benefit of the Parties hereto
      and their heirs, executors, administrators, successors, legal representatives
      and permitted assigns.

     

    
      	
              Section
                4.4

            	
              Integration.

            

    

     

    This
      Agreement constitutes the entire Agreement among the Parties hereto pertaining
      to the subject matter hereof and supersedes all prior agreements and
      understandings pertaining thereto.

     

    Omnibus
      Agreement

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

    
      	
              Section
                4.5

            	
              Creditors.

            

    

     

    None
      of
      the provisions of this Agreement shall be for the benefit of, or shall be
      enforceable by, any creditor of the Partnership.

     

    
      	
              Section
                4.6

            	
              Waiver.

            

    

     

    No
      failure by any Party to insist upon the strict performance of any covenant,
      duty, agreement or condition of this Agreement or to exercise any right or
      remedy consequent upon a breach thereof shall constitute waiver of any such
      breach of any other covenant, duty, agreement or condition.

     

    
      	
              Section
                4.7

            	
              Counterparts.

            

    

     

    This
      Agreement may be executed in counterparts, all of which together shall
      constitute an agreement binding on all the Parties hereto, notwithstanding
      that
      all such Parties are not signatories to the original or the same counterpart.
      Each Party shall become bound by this Agreement immediately upon affixing its
      signature hereto.

     

    
      	
              Section
                4.8

            	
              Applicable
                Law; Submission to
                Jurisdiction.

            

    

     

    This
      Agreement shall be construed in accordance with and governed by the laws of
      the
      State of Delaware, without regard to the principles of conflicts of law. The
      Parties hereby submit to the jurisdiction of the state and federal courts of
      the
      State of Delaware.

     

    
      	
              Section
                4.9

            	
              Invalidity
                of Provisions.

            

    

     

    If
      any
      provision of this Agreement is or becomes invalid, illegal or unenforceable
      in
      any respect, the validity, legality and enforceability of the remaining
      provisions contained herein shall not be affected thereby.

     

    
      	
              Section
                4.10

            	
              Amendment
                or Modification.

            

    

     

    This
      Agreement may be amended or modified from time to time only by the written
      agreement of all the Parties hereto; provided, however, that BBEP may not,
      without the prior approval of the Conflicts Committee, agree to any amendment
      or
      modification of this Agreement that BreitBurn GP determines will adversely
      affect the holders of Common Units. Each such instrument shall be reduced to
      writing and shall be designated on its face an “Amendment” or an “Addendum” to
      this Agreement.

     

    
      	
              Section
                4.11

            	
              Assignment.

            

    

     

    No
      Party
      shall have the right to assign its rights or obligations under this Agreement
      without the consent of the other Parties hereto.

     

    Omnibus
      Agreement

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

    
      	
              Section
                4.12

            	
              Termination.

            

    

     

    The
      provisions of this Agreement (but not less than all of such Article) may be
      terminated (a) by BEH LLC, on behalf of BEC and the BEC Group, upon notice
      to
      the other Parties upon a Change of Control of BEC, (b) by BreitBurn GP, on
      behalf of BBEP and the BBEP Group, upon notice to the other Parties upon a
      Change of Control of BBEP, and (c)
      by
      either BEH LLC, on behalf of BEC and the BEC Group, or BreitBurn GP, on behalf
      of BBEP and the BBEP Group, at such time as BEC and BBEP cease to be under
      common management or upon the termination of the Administrative Services
      Agreement by and between BMC and BEC of approximately even date herewith;
      provided, however, that if the Administrative Services Agreement is terminated
      pursuant to Section 7.2 (a) thereof due to the fact that both Halbert Washburn
      and Randall Breitenbach are no longer employed as Co-CEOs of BBEP or BreitBurn
      Management or Section 7.2 (b) thereof, the provisions of this Agreement may
      not
      be terminated by BEH LLC until 180 days after such termination of the
      Administrative Services Agreement.. 

     

    
      	
              Section
                4.13

            	
              Laws
                and Regulations.

            

    

     

    Notwithstanding
      any provision of this Agreement to the contrary, no Party hereto shall be
      required to take any act, or fail to take any act, under this Agreement if
      the
      effect thereof would be to cause such Party to be in violation of any applicable
      law, statute, rule or regulation.

     

    Omnibus
      Agreement

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

     

    IN
      WITNESS WHEREOF, the Parties have executed this Agreement on, and effective
      as
      of, the Effective Date.

     

    
      	
              BREITBURN
                ENERGY HOLDINGS LLC

            
	 	 
	
              By:

            	
              
                /s/
                  Halbert S. Washburn

              

            
	
              Name:
                

            	
              
                Halbert
                  S. Washburn

              

            
	
              Title:
                

            	
              Co-Chief
                Executive Officer

            
	 	 
	
              BEC
                (GP) LLC

            
	 	 
	
              By:

            	
              
                /s/
                  Halbert S. Washburn

              

            
	
              Name:
                

            	
              
                Halbert
                  S. Washburn

              

            
	
              Title:
                

            	
              Co-Chief
                Executive Officer

            
	 	 
	
              BREITBURN
                ENERGY COMPANY L.P.

            
	 	 
	
              By:

            	
              BEC
                (GP) LLC,

            
	 	
              its
                General Partner

            
	 	 
	
              By:
                

            	
              
                /s/
                  Halbert S. Washburn

              

            
	
              Name:
                

            	
              
                Halbert
                  S. Washburn

              

            
	
              Title:
                

            	
              Co-Chief
                Executive Officer

            
	 	 
	
              BREITBURN
                GP, LLC

            
	 	 
	
              By:
                

            	
              /s/
                Halbert S. Washburn   

            
	
              Name:

            	
              Halbert
                S. Washburn

            
	
              Title:
                

            	
              Co-Chief
                Executive Officer

            
	 	 
	
              BREITBURN
                ENERGY PARTNERS L.P.

            
	 	 
	
              By:

            	
              BreitBurn
                GP, LLC,

            
	 	
              its
                General Partner

            
	 	 
	
              By:
                

            	
              /s/
                Halbert S. Washburn

            
	
              Name:

            	
              Halbert
                S. Washburn

            
	
              Title:

            	
              Co-Chief
                Executive Officer

            

    

     

    
      Omnibus
        Agreement

      Signature
        Page

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    
      	
              BREITBURN
                MANAGEMENT

            
	
              COMPANY,
                LLC

            
	 	 
	
              By:
                

            	
              /s/
                Halbert S. Washburn

            
	
              Name:

            	
              Halbert
                S. Washburn

            
	
              Title:

            	
              Co-Chief
                Executive Officer

            

    

    

    Omnibus
      Agreement

    Signature
      PageEMPLOYMENT AGREEMENT

            THIS EMPLOYMENT AGREEMENT ("Agreement') is entered into by and between Bradley W. Evans ("Evans") and Chugach Electric Association, Inc., an Alaska electrical cooperative association headquartered in Anchorage, Alaska ("Chugach" or "Employer"), retroactive as of July 1, 2008.

            
                 
            

            WITNESSETH:

            

            

            WHEREAS, Chugach is engaged in the business of production, transmission and distribution of electricity in Alaska;

            WHEREAS, Evans has skills and experience in electric utility management transmission and distribution of electricity; and

            WHEREAS, Chugach desires to obtain Evans' services as the Chief Executive Officer of its business, and Evans desires to be employed in that position by Chugach;

            NOW, THEREFORE, in consideration of the premises and the mutual covenants herein set forth, the parties hereto agree as follows:

            1.           Employment. Chugach hereby employs Evans as its Chief Executive Officer and Evans hereby accepts such employment upon the terms and conditions hereinafter set forth.

            2.           Duties

            
                 
            

            a. Evans shall serve as Chugach's Chief Executive Officer and shall perform his services as such within the framework of Chugach's Bylaws, policies, procedures and goals as Chugach's Board of Directors shall from time to time determine, including but not limited to the following:

            
                	
                             

                        	
                            (i)

                        	
                            Board Policy 106, Delegations of Authority from the Board of Directors to the Chief Executive Officer, Appendix A hereto;

                        

            

             

            
                	
                             

                        	
                            (ii)

                        	
                            Board Policy 107, Board of Directors - Chief Executive

                        

            

            
                	
                             

                        	
                            Officer Relationship, Appendix B hereto; and

                        

            

            
                	
                             

                        	
                            (iii)

                        	
                            Board Policy 118, Delegation of Certain of the Secretary's

                        

            

            
                	
                             

                        	
                            and Treasurer's Duties to the Chief Executive Officer,

                        

            

            
                	
                             

                        	
                            Appendix C hereto.

                        

            

            In such capacity, Evans (i) shall exercise general supervisory responsibility and management authority over Chugach and all of its controlled affiliates, and (ii) shall perform such other duties commensurate with his position as may be assigned to him from time to time by the Chugach Board of Directors.

             

            
                

            

            b. Evans shall devote substantially all his business time, attention and energies to the performance of his duties and functions under this Agreement and shall not during the term of his employment hereunder be engaged in any other substantial business activity for gain, profit or other pecuniary advantage. Evans shall faithfully, loyally and diligently perform his
            assigned duties and functions and shall not engage in any activities whatsoever that conflict with his obligations to Chugach during the term of his employment hereunder. Notwithstanding the foregoing, nothing in the foregoing shall be construed so as to limit or prohibit personal investments by Evans; provided that such investments shall not amount to a controlling interest in any entity (other than trusts, limited partnerships or other entities adopted by Evans for estate planning
            purposes). Evans also agrees that he will not participate in any political activity that will or may reflect adversely upon Chugach without obtaining the prior consent of Chugach's Board of Directors.

            c. Chugach shall furnish Evans with an office and other facilities at Chugach's headquarters location and services that are suitable to his position and adequate for the performance of his duties and functions hereunder.

            3.           Term of Agreement. The term of this Agreement shall be for a period of three (3) years commencing retroactively on July 1, 2008. This Agreement may be extended by mutual written agreement of the parties reached on or before July 1,
            2011, for a minimum of a one (1) year term, and thereafter for additional terms of one or more years on mutual written agreement reached not less twelve (12) months prior to expiration of the then remaining term. Notwithstanding the foregoing, this Agreement will automatically be extended for successive one year terms if the Board of Directors does not take formal action otherwise on or before July 1, 2011, and annually thereafter, or unless terminated as provided in Section 10 of
            this Agreement.

            4.           Compensation. Chugach shall pay to Evans, in consideration of and as compensation for the services agreed to be rendered by Evans hereunder, the following:

            a. Salary. During the first year of this Agreement (July 1, 2008 - June 30, 2009), Chugach shall pay to Evans an annual salary of two hundred fifty thousand Dollars ($250,000.00 US) (the "Base Salary"), payable in regular installments on Chugach's normal paydays, less withholdings required by
            law and as authorized by Evans. On each July 1 anniversary date thereafter, the Chugach Board of Directors, in its sole discretion, may increase the Base Salary. However, the Base Salary shall not be decreased during the term of this Agreement.

            b. Discretionary Performance-Based Bonus Program. The Board of Directors may, in its sole discretion, establish annual or other performance-based objectives for Evans and assign a fixed dollar amount or percentage of Base Salary bonuses for the successful achievement of those objectives. The
            stated objective(s) will be set forth in Appendix D hereto, to be updated from time to time as the Board sees fit. For each objective met, Evans will be awarded the bonus associated with that objective, said payment(s) to be made within thirty (30) days of the Board's determination, less

             

            
                

                2

                 

            

            
                

            

            

            withholdings required by law or as authorized by Evans. The parties acknowledge that such bonus payments to Evans, if any, are not considered compensation under any of the retirement plans offered by Chugach and therefore will not be considered in determining Evans' retirement benefits.

            c. Use of Company Vehicles. During the Employment Term, Evans shall be permitted to use Chugach vehicles on company business on a de minimus basis. Evans shall not be entitled to a company vehicle for personal
            use.

            5.           Chugach Provided Benefits. During the term of this Agreement and if available then, Evans shall be entitled to participate in all group health, pension, 401(k), deferred compensation plans, employer-paid long-term disability
            insurance and life insurance coverage and other fringe benefit programs maintained by Chugach and provided to its salaried administrative personnel, on the same terms as apply to participation therein by such personnel generally (except as otherwise provided herein).

            6.           Holidays, Sick Leave and Annual Leave. Evans shall be entitled to such holidays, sick leave and annual leave as are provided to Chugach's salaried administrative personnel generally.

            7.           Expenses. During the term of this Agreement, Chugach shall reimburse Evans for all reasonable travel, entertainment and other business expenses incurred or paid by Evans in performing his duties and functions hereunder, subject to
            Evans' accounting for and reporting such expenses pursuant to applicable Chugach policies.

            8.            Non-Competition. During the term of this Agreement, during any extension thereof, and for a period of one year after termination of this Agreement, Evans shall not enter into or participate in any business competitive to the
            business carried on by Chugach in Southcentral Alaska or at such additional locations, if any, outside Southcentral Alaska at which Chugach conducts business. As used herein, the term "business competitive to the business carried on by Chugach" means any business that involves the production, transmission or distribution of electricity, and the words "Southcentral Alaska" mean a business conducted in whole or in part within the boundaries of the Municipality of Anchorage, the Kenai
            Peninsula Borough, or the Matanuska-Susitna Borough. The provisions of this paragraph 8 shall survive the expiration and/or termination of this Agreement. If a court of competent jurisdiction or arbitrator, as the case may be, should declare any or all of this provision unenforceable because of any unreasonable restriction of duration and/or geographical area, then such court or arbitrator shall have the express authority to reform this provision to provide for reasonable
            restrictions and/or to grant Chugach such other relief, at law or in equity, as is reasonably necessary to protect its interests.

            9.           Confidential Information. During the term of this Agreement and for so long thereafter as the information remains confidential, Evans will not use for his own advantage or disclose to any unauthorized person any confidential information
            relating to the business operations or properties of Chugach and any affiliate of Chugach. Upon the expiration or termination of this Agreement, upon Chugach's request, Evans will

             

            
                

                3

                 

            

            
                

            

            

             

            surrender and deliver to Chugach all documents and information of every kind relating to or connected with Chugach and its affiliates. As used herein "confidential information" means all information, whether written or oral, tangible or intangible, of a private, secret, proprietary or confidential nature, of or concerning Chugach and its business and operations, including without limitation, any trade-secrets or know-how, computer software programs in both source code and object
            code, information regarding any product or service, development, technology, technique, process or methodology, any sales, promotional or marketing plans, programs, techniques, practices or strategies, any expansion or acquisition plans, any operational and management guidelines, any cost, pricing or other financial data or projections, and any other information which is to be treated as confidential because of any duty of confidentiality owed by Chugach to any third party or any
            other information that Chugach shall, in the ordinary course of its business, possess or use and not release externally without restriction on use or disclosure. The foregoing confidential information provision shall not apply to information which: (i) is or becomes publicly known through no wrongful act of Evans, (ii) is rightfully received from any third party without restriction and without breach by Evans of this Agreement; or (iii) is independently developed by Evans after the
            term of his employment hereunder or is independently developed by a competitor of Chugach at any time. The provisions of this paragraph 9 shall survive the expiration and/or termination of this Agreement.

            
                	
                             

                        	
                            10.

                        	
                            Termination.

                        

            

            a. Termination for Cause. Chugach may terminate Evans' employment for "cause" immediately upon written notice to Evans, provided, however, that if the Board in its reasonable discretion determines that the cause for termination is capable of being corrected, Evans must be given ten (10) days
            written notice of cause for termination and the opportunity to cure such cause within that time. Such notice shall specify in reasonable detail the acts or omissions that constitute cause for termination. For purposes of this Agreement, "cause" means a business-related reason that is not arbitrary, capricious or illegal and which is based on facts (i) supported by substantial evidence, and (ii) reasonably believed by the Board of Directors to be true. Examples of "cause" for
            termination of employment are provided in Chugach Operating Policy 013 dated September 19, 2001, and are incorporated herein by reference to the extent they are consistent with this Agreement, and may also include the following: willful and repeated failure or refusal to carry out reasonable orders, instructions, or directives of the board of directors; material acts of dishonesty, disloyalty or competition related to the business of the company or its relationships with employees,
            suppliers, contractors, customers or others with whom the company does business; refusal or failure to furnish material information concerning the company's affairs as reasonably requested by or under the authority of the board of directors, or falsification or misrepresentation of such information; conviction of a crime constituting fraud, intentional dishonesty, moral turpitude, or other conduct that materially compromises the reputation of the employee or the company; or any
            other act, course of conduct, or omission that has or is reasonably likely to have a material adverse effect on Chugach, its business or financial position, or its goodwill or reputation.

             

            
                

                4

                 

                 

                

            

             

            
                

            

             

            In the event of the involuntary termination of his employment for cause, Evans shall not be entitled to receive any compensation hereunder other than his Salary and employee benefits and leave as accrued through the effective date of such termination. Evans' obligations under Paragraphs 8 and 9 shall continue under the terms and conditions of this Agreement.

            b. Termination Without Cause. Chugach may terminate Evans' employment without cause at any time during the term of this Agreement or any extension thereof, provided however, that Chugach shall continue to pay Evans his Base Salary and shall provide him all benefits that he would have received
            had his employment not been terminated then, said payments and benefits to continue without interruption for a period of one year or through the end of the then remaining term of this Agreement, whichever is less.

            c. Voluntary Termination. Evans may voluntarily terminate his employment under this Agreement at any time upon sixty (60) days' prior written notice to Chugach's Board of Directors, whereupon Chugach's employment of Evans shall terminate at the end of the sixty (60) day notice period. In the
            event of Evans' voluntary termination of employment, he shall not be entitled to receive any compensation hereunder other than his Salary and employee benefits as accrued through the effective date of such termination. Evans' obligations under Paragraphs 8 and 9 shall continue under the terms and conditions of this Agreement.

            d. Disability. Chugach may terminate Evans' employment after having established Evans' disability, subject to applicable state and/or federal law. For purposes of this Agreement, "Disability" means a physical or mental disability which impairs Evans' ability to substantially perform his duties
            under this Agreement and which results in Evans becoming eligible for long-term disability benefits under Chugach's long-term disability plan (or, if Chugach has no such plan in effect, which impairs Evans' ability to substantially perform his duties under this Agreement for a period of 180 consecutive days). Evans shall be entitled to the compensation and benefits provided for under this Agreement for (i) any period during the term of this Agreement and prior to the establishment
            of Evans' Disability during which Evans is unable to work due to a physical or mental disability, or (ii) any period of Disability which is prior to Evans' termination of employment pursuant to this paragraph.

            e. Death. This Agreement shall automatically terminate the day after Evans' death if it has not already terminated prior to that date.

            f. Miscellaneous. In the event of any termination or attempted termination hereof: (i) if multiple events, occurrences or circumstances are asserted as bases for such termination or attempted termination, the event, occurrence or circumstance that is earliest in time, and any termination or
            attempted termination found to be proper hereunder based thereon, shall take precedence over the others; (ii) no termination of this Agreement shall relieve or release either party from liability hereunder based on any breach of the terms hereof by such party occurring prior to the termination date; and (iii) the terms of this Agreement relevant to performance or satisfaction of any obligation

             

            
                

                5

                 

            

            
                

            

             

            hereunder expressly remaining to be performed or satisfied in whole or in part at the termination date shall continue in force until such full performance or satisfaction has been accomplished and otherwise neither party hereto shall have any other or further remaining obligations to the other party hereunder.

            g. No Duty of Mitigation. In the event of any termination of Evans' employment under subparagraph 10(b), Evans shall be under no obligation to seek other employment and shall be entitled to all payments or benefits required to be made or provided to Evans hereunder, without any duty of
            mitigation of damages and regardless of any other employment obtained by Evans.

            11.           Injunctive Relief. It is agreed that the services of Evans are unique and that any breach or threatened breach by Evans of any provision of this Agreement cannot be remedied solely by damages. Accordingly, in the event of a breach
            by Evans of his obligations under this Agreement, Chugach shall be entitled to seek and obtain interim restraints and permanent injunctive relief, restraining Evans and any business, firm, partnership, individual, corporation or entity participating in such breach or attempted breach. Nothing herein, however, shall be construed as prohibiting either party from seeking injunctive relief to require resolution of disputes or controversies arising out of or relating to this Agreement to
            be resolved pursuant to paragraph 12 below.

            12.           Arbitration. Any dispute or controversy arising out of or relating to this Agreement or any claimed breach hereof shall be resolved, at the request of either party, by a private arbitration proceeding. The request for arbitration
            shall be made in writing no later than thirty (30) days after the alleged act or omission on which it is based. The arbitration proceeding shall be conducted pursuant to the Alaska Revised Uniform Arbitration Act, AS 09.43.300 - 09.43.595 (the "Act") and the most current version of the employment arbitration rules published by the dispute resolution organization whose services are used by these parties (the "Arbitration Rules"), each of which is incorporated herein by this reference
            to the extent that the Act and the Arbitration Rules are consistent with this Agreement. The arbitrator shall be an impartial arbitrator qualified to serve in accordance with the Arbitration Rules. The arbitrator shall be selected by mutual agreement of the parties. If the parties are unable to agree to a mutually acceptable arbitrator within twenty-one (21) days of the request for arbitration, Chugach shall select an impartial dispute resolution organization to provide the parties
            a list of seven (7) arbitrators. After a coin toss to determine who makes the first strike, the parties shall strike names from the list alternately until the name of one arbitrator remains. That arbitrator shall be deemed mutually acceptable to both parties unless the arbitrator is unavailable, in which case the last arbitrator whose name was struck shall be deemed acceptable to the parties, and so on. The arbitration hearing shall be held in Anchorage, Alaska, or in such other
            place as may be mutually agreed upon by the parties, at a time and location determined by the arbitrator. Within thirty (30) days of the close of the arbitration hearing, the arbitrator shall hand down a written decision and award. The decision shall explain the basis for the arbitrator's award. The arbitrator shall have authority to interpret and enforce this Agreement, but shall not have authority to alter, amend or supersede any provision of this Agreement. The decision and
            award

             

            
                

                6

                 

            

            
                

            

             

            shall be final and binding on the parties, subject only to such appeal rights as are available under the Act. Either party may seek entry of judgment upon such decision and award in any court having jurisdiction over the parties. The expenses of the arbitration proceeding shall be borne by Chugach. Each party shall pay for and bear the cost of its own experts, witnesses and legal counsel in
            such arbitration proceeding.

            
                	
                             

                        	
                            13.

                        	
                            Indemnification.

                        

            

            a. Chugach shall indemnify Evans (as a "protected person") to the fullest extent permitted by AS 10.25.145 (the terms of which are incorporated herein by this reference) against all costs, expenses, liabilities and losses (including, without limitation, attorneys' fees, judgments, penalties and amounts paid in settlement) reasonably incurred by Evans in connection with
            any action, suit or proceeding, whether civil, criminal, administrative or investigative in which Evans is made, or is threatened to be made, a party to or a witness in such action, suit or proceeding by reason of the fact that he is or was an officer or agent of Chugach or of any of Chugach's controlled affiliates or is or was serving as an officer, trustee, agent or fiduciary of any other entity at the request of Chugach (a "Proceeding").

            b. Chugach shall advance to Evans all reasonable costs and expenses incurred by him in connection with a Proceeding within twenty (20) days after receipt by Chugach of a written request for such advance, accompanied by an itemized list of the actual or anticipated costs and expenses and Evans' written undertaking to repay to Chugach on demand the amount of such advance
            if it shall ultimately be determined that Evans is not entitled to be indemnified against such costs and expenses. Evans shall periodically account to Chugach for all such costs and expenses incurred by Evans in connection with his defense of the Proceeding.

            c. The indemnification provided to Evans hereunder is in addition to, and not in lieu of, any additional indemnification to which he may be entitled pursuant to Chugach's Certificate of Incorporation or Bylaws, any insurance maintained by Chugach from time to time providing coverage to Evans and other officers and directors of Chugach, or any separate written agreement
            with Evans. The provisions of this paragraph 13 shall survive any termination of this Agreement.

            14.           Amendment and Modification. This Agreement contains the entire agreement between the parties with respect to the subject matter hereof, and supersedes any and all prior agreements, arrangements or understandings between the parties
            hereto with respect to the subject matter hereof, whether written or oral, including but not limited to the parties' Memorandum of Agreement in Principle and the agreements under which Evans served as Chugach's interim Chief Executive Officer. Subject to applicable law and upon the consent of Chugach's Board of Directors, this Agreement may be amended, modified and supplemented by written agreement of Chugach and Evans with respect to any of the terms contained herein.

            15.         Waiver of Compliance. Any failure of either party to comply with any obligation, covenant, agreement or condition on its part contained herein may be

             

            
                

                7

                 

            

            
                

            

             

            expressly waived in writing by the other party, but such waiver or failure to insist upon strict compliance shall not operate as a waiver of, or estoppel with respect to, any subsequent or other failure. Whenever this Agreement requires or permits consent by or on behalf of any party, such consent shall be given in writing.

            16.           Notices. All notices, requests, demands and other communications required or permitted hereunder shall be in writing and shall be deemed to have been duly given if delivered by hand, sent by registered or certified U.S. Mail,
            postage prepaid, commercial overnight courier service or transmitted by facsimile and shall be deemed served or delivered to the addressee at the address for such notice specified below when hand delivered, upon confirmation of sending when sent by fax, on the day after being sent when sent by overnight delivery, or five (5) days after having been mailed, certified or registered, with postage prepaid:

            
                	
                             

                        	
                            If to Chugach

                        	
                            If to Evans

                        

            

            
                	
                             

                        	
                            Chugach Electric Association, Inc.

                        	
                            Bradley W. Evans

                        

            

            
                	
                             

                        	
                            P.O. Box 196300

                        	
                            Mailing:

                        	
                            P.O. Box 222483

                        

            

            
                	
                             

                        	
                            Anchorage, Alaska 99519-6300

                        	
                            Anchorage, Alaska 99522

                        

            

            
                	
                             

                        	
                            Facsimile: (907) 762-4888

                        	
                            Physical: 14741 Park Hills Circle

                        

            

            
                	
                             

                        	
                            Attn: Chairman of Board of Directors

                        	
                            Anchorage, Alaska 99516

                        

            

            
                	
                             

                        	
                            Facsimile:

                        

            

            Or, in the case of either such party, to such substitute address as such party may designate from time to time for purposes of notices to be given to such party hereunder, which substitute address shall be designated as such in a written notice given to the other party addressed as aforesaid.

            17.           Assignment. This Agreement shall inure to the benefit of Evans and Chugach and be binding upon the successors and general assigns of Employer. This Agreement shall not be assignable by either party except to the extent set forth in
            paragraph 20.

            18.           Enforceability. In the event it is determined that this Agreement is unenforceable in any respect, it is the mutual intent of the parties that it be construed to apply and be enforceable to the maximum extent permitted by
            applicable law.

            19.           Applicable Law. This Agreement shall be construed and enforced in accordance with the laws applicable to contracts executed, delivered and fully to be performed in the State of Alaska.

            20.           Beneficiaries; Executive's Representative. Evans shall be entitled to select (and to change, from time to time, except to the extent prohibited under any applicable law) a beneficiary or beneficiaries to receive any payments,
            distributions or benefits to be made or distributed hereunder upon or following Evans' death. Any such designation shall be made by written notice to Chugach. In the event of Evans' death or of a judicial determination of Evans' incompetence, references in this Agreement to Evans shall be deemed, as appropriate, to refer to his designated beneficiary, to his

             

            
                

                8

                 

            

            
                

            

             

            estate or to his executor or personal representative ("Evans' Representative") solely for the purpose of providing a clear mechanism for the exercise of Evans' rights hereunder in the case of Evans' death or disability.

            IN WITNESS WHEREOF, the parties have executed this Agreement to be effective on and as of the day and year first above written.

            CHUGACH ELECTRIC ASSOCIATION, INC.

             

            /s/ Rebecca Logan

            Name: Rebecca Logan

            Title: Chairman of the Board

             

                                                      
                                        

             

            
                	
                             

                        	
                            /s/ Bradley W. Evans 8-27-08

                        

            

            
                	
                             

                        	
                            Bradley W. Evans

                        

            

             

             

            
                

                9

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