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<S>                                                                                                    <C>

         NUMBER                                                                                               [SHARES]

INCORPORATED UNDER THE LAWS                                                                                 COMMON STOCK
 OF THE STATE OF DELAWARE                                                                                  PAR VALUE $.10

THIS CERTIFICATE IS TRANSFERABLE                                                                           CUSIP 67481E 10 6
IN CANTON, MASSACHUSETTS, JERSEY CITY, NEW JERSEY                                                SEE REVERSE FOR CERTAIN DEFINITIONS
AND NEW YORK, NY
                                                          [GRAPHIC]
                                                      OCEAN ENERGY, INC.

This Certifies that

as the owner of

                                    FULLY PAID AND NON-ASSESSABLE SHARES OF COMMON STOCK OF

                                                       CERTIFICATE OF STOCK

Ocean Energy, Inc., a Delaware corporation (the "Corporation"), transferable on the books of the Corporation by the holder hereof in
person or by a duly authorized attorney upon surrender of this certificate properly endorsed.  This certificate is not valid until
countersigned by the Transfer Agent and registered by the Registrar.

        Witness the facsimile seal of the Corporation and the facsimile signatures of its duly authorized Officers.

                                                                           DATED

/s/ JAMES T. HACKETT                                                       COUNTERSIGNED AND REGISTERED:
                                                                                      FLEET NATIONAL BANK
Chairman of the Board, President                                                                          TRANSFER AGENT
and Chief Executive Officer                                                                                AND REGISTRAR

                                                                           BY

/s/ ROBERT K. REEVES, Secretary                                                                     AUTHORIZED SIGNATURE
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                              [OCEAN ENERGY LOGO]

     THE CORPORATION WILL FURNISH WITHOUT CHARGE TO EACH STOCKHOLDER WHO SO
REQUESTS A STATEMENT OF THE POWERS, DESIGNATIONS, PREFERENCES AND RELATIVE,
PARTICIPATING, OPTIONAL OR OTHER SPECIAL RIGHTS OF EACH CLASS OF STOCK OR
SERIES THEREOF AND THE QUALIFICATIONS, LIMITATIONS OR RESTRICTIONS OF SUCH
PREFERENCES AND/OR RIGHTS. SUCH REQUESTS MAY BE MADE TO THE SECRETARY OF THE
CORPORATION AT ITS PRINCIPAL PLACE OF BUSINESS.

     The following abbreviations, when used in the inscription on the face of
this certificate, shall be construed as thought they were written out in full
according to applicable laws or regulations.

TEN COM -- as tenants in common    UNIF GIFT MIN ACT -- ______ Custodian _______
                                                        (Cust)           (Minor)
TEN ENT -- as tenants by the entireties            under Uniform Gifts to Minors

JT TEN  -- as joint tenants with right of          Act _________________
           survivorship and not as tenants                  (State)
           in common

    Additional abbreviations may also be used though not in the above list.

For Value Received, ______________________________ hereby sell, assign and
transfer unto

PLEASE INSERT SOCIAL SECURITY OR OTHER
    IDENTIFYING NUMBER OF ASSIGNEE
--------------------------------------

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------
  (PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE OF ASSIGNEE)

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                                                                          Shares
-------------------------------------------------------------------------
of Common Stock represented by the within certificate, and do hereby
irrevocably constitute and appoint

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                                                                       Attorney,
----------------------------------------------------------------------
to transfer the said stock on the books of the within-named Corporation, with
full power of substitution in the premises.

DATED                              X
     ----------------------------   --------------------------------------------

NOTICE: THE SIGNATURES(S) TO
THIS ASSIGNMENT MUST CORRESPOND
WITH THE NAME(S) AS WRITTEN UPON
THE FACE OF THE CERTIFICATE IN
EVERY PARTICULAR, WITHOUT
ALTERATION OR ENLARGEMENT OR
ANY CHANGE WHATEVER.               X
                                    --------------------------------------------

                                   ---------------------------------------------

THIS CERTIFICATE EVIDENCES AND     ALL GUARANTEES MUST BE MADE BY A FINANCIAL
ENTITLES THE HOLDER HEREOF TO      INSTITUTION (SUCH AS A BANK OR BROKER) WHICH
CERTAIN RIGHTS, AS SET FORTH       IS A PARTICIPANT IN THE SECURITIES TRANSFER
IN A RIGHTS AGREEMENT BETWEEN      AGENTS MEDALLION PROGRAM ("STAMP"). THE NEW
OCEAN ENERGY, INC. (THE            YORK STOCK EXCHANGE, INC. MEDALLION SIGNATURE
"CORPORATION") AND FLEET           PROGRAM ("MSP"), OR THE STOCK EXCHANGES
NATIONAL BANK (F/K/A               MEDALLION PROGRAM ("SEMP") AND MUST NOT BE
BANCBOSTON, N.A.) THE TERMS OF     DATED, GUARANTEES BY A NOTARY PUBLIC ARE NOT
WHICH ARE HEREBY INCORPORATED      ACCEPTABLE.
BY REFERENCE AND A COPY OF
WHICH IS ON FILE AS THE            ---------------------------------------------
PRINCIPAL EXECUTIVE OFFICE OF
THE CORPORATION UNDER CERTAIN
CIRCUMSTANCES, AS SET FORTH IN
THE RIGHTS AGREEMENT. SUCH
RIGHTS WILL BE EVIDENCED BY
SEPARATE CERTIFICATES AND WILL
NO LONGER BE EVIDENCED BY
THIS CERTIFICATE. THE
CORPORATION WILL FURNISH TO
THE REGISTERED HOLDER OF THIS
CERTIFICATE A COPY OF THE
RIGHTS AGREEMENT WITHOUT
CHARGE ON REQUEST TO THE
CORPORATION AT ITS PRINCIPAL
PLACE OF BUSINESS OR
REGISTERED OFFICE. AS
DESCRIBED IN THE RIGHTS
AGREEMENT, RIGHTS ISSUED TO
ANY PERSON WHO BECOMES AN
ACQUIRING PERSON (AS DEFINED
IN THE RIGHTS AGREEMENT) SHALL
BECOME NULL AND VOID.<PAGE>   1
                                                                  EXHIBIT 10.E.1

                             AMENDMENT NO. 3 TO THE
                           EL PASO ENERGY CORPORATION
                             1995 COMPENSATION PLAN
                           FOR NON-EMPLOYEE DIRECTORS

         Pursuant to Section 8.7 of the El Paso Energy Corporation 1995
Compensation Plan for Non-Employee Directors, Amended and Restated effective as
of August 1, 1998 (the "Plan"), the Plan is hereby amended as follows, effective
February 7, 2001:

         WHEREAS, the Certificate of Incorporation of El Paso Energy
Corporation, a Delaware corporation, was amended to change the name of the
corporation to El Paso Corporation effective February 7, 2001.

         NOW THEREFORE, the name of the Plan is hereby changed to the "El Paso
Corporation 1995 Compensation Plan for Non-Employee Directors" and all
references in the Plan to "El Paso Energy Corporation" or the "Company" shall
mean "El Paso Corporation."

         IN WITNESS WHEREOF, the Company has caused this amendment to be duly
executed on this 7th day of February 2001.

                                       EL PASO CORPORATION

                                       By:      /s/ Joel Richards III
                                           ----------------------------------
                                           Joel Richards III
                                           Executive Vice President
                                           Human Resources and Administration

Attest:

   /s/ David L. Siddall
-----------------------------
   Corporate Secretary<PAGE>   1
                                                                  EXHIBIT 10.F.1

                             AMENDMENT NO. 2 TO THE
                           EL PASO ENERGY CORPORATION
                              STOCK OPTION PLAN FOR
                             NON-EMPLOYEE DIRECTORS

         Pursuant to Section 9.1 of the El Paso Energy Corporation Stock Option
Plan for Non-Employee Directors, Amended and Restated effective as of January
20, 1999 (the "Plan"), the Plan is hereby amended as follows, effective February
7, 2001:

         WHEREAS, the Certificate of Incorporation of El Paso Energy
Corporation, a Delaware corporation, was amended to change the name of the
corporation to El Paso Corporation effective February 7, 2001.

         NOW THEREFORE, the name of the Plan is hereby changed to the "El Paso
Corporation Stock Option Plan for Non-Employee Directors" and all references in
the Plan to "El Paso Energy Corporation" or the "Company" shall mean "El Paso
Corporation."

         IN WITNESS WHEREOF, the Company has caused this amendment to be duly
executed on this 7th day of February 2001.

                                       EL PASO CORPORATION

                                       By:      /s/ Joel Richards III
                                           ----------------------------------
                                           Joel Richards III
                                           Executive Vice President
                                           Human Resources and Administration

Attest:

    /s/ David L. Siddall
------------------------------
    Corporate Secretary<PAGE>   1
                                                                  EXHIBIT 10.H.1

                             AMENDMENT NO. 2 TO THE
                           EL PASO ENERGY CORPORATION
                           SUPPLEMENTAL BENEFITS PLAN

         Pursuant to Section 6.7 of the El Paso Energy Corporation Supplemental
Benefits Plan, Amended and Restated effective as of December 3, 1998 (the
"Plan"), the Plan is hereby amended as follows, effective February 7, 2001:

         WHEREAS, the Certificate of Incorporation of El Paso Energy
Corporation, a Delaware corporation, was amended to change the name of the
corporation to El Paso Corporation effective February 7, 2001.

         NOW THEREFORE, the name of the Plan is hereby changed to the "El Paso
Corporation Supplemental Benefits Plan" and all references in the Plan to "El
Paso Energy Corporation" or the "Company" shall mean "El Paso Corporation."

         IN WITNESS WHEREOF, the Company has caused this amendment to be duly
executed on this 7th day of February 2001.

                                       EL PASO CORPORATION

                                       By:      /s/ Joel Richards III
                                           ----------------------------------
                                           Joel Richards III
                                           Executive Vice President
                                           Human Resources and Administration

Attest:

    /s/ David L. Siddall
------------------------------
    Corporate Secretary

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