Document:

Exhibit
      10.33

     

    SECOND
      AMENDED AND RESTATED EMPLOYMENT AGREEMENT

     

    This
      SECOND AMENDED AND RESTATED EMPLOYMENT AGREEMENT, dated as of December 31,
      2007
      (together with any Exhibits hereto, the “Agreement”),
      is
      entered into by and between BreitBurn
      Management Company, LLC (“BMC”),
      Pro
      GP Corp. (“PROGP”),
      BreitBurn GP, LLC ( “BBGP”),
      and
      Randall Breitenbach (the “Executive”).
      As
      used herein, the term “Employer”
shall
      be deemed to refer to BMC, PROGP, and/or BBGP, as the context
      requires.

     

    WHEREAS,
      the Executive and the Employer are currently parties to that certain Amended
      and
      Restated Employment Agreement, dated October 10, 2006 (the “Prior
      Agreement”);

     

    WHEREAS,
      the Executive and the Employer wish to amend and restate the terms of their
      employment relationship; and

     

    WHEREAS,
      the Employer and the Executive wish to enter into this Second Amended and
      Restated Employment Agreement, in the capacities and on the terms set forth
      in
      this Agreement, and to supersede and replace in its entirety the Prior
      Agreement.

     

    NOW,
      THEREFORE, IT IS HEREBY AGREED AS FOLLOWS:

     

    1. Definitions.
      All
      capitalized terms not defined herein shall have the meanings set forth in
Exhibit
      A
      hereto.

     

    2. Employment
      Period.
      The
      Employer hereby agrees to continue to employ the Executive, and the Executive
      hereby agrees to continue such employment, subject to the terms and conditions
      of this Agreement, during the period (the “Employment
      Period”)
      beginning on December 31, 2007 (the “Commencement
      Date”)
      and
      ending on January 1, 2011 or such earlier date upon which Executive’s employment
      is terminated as provided herein. Provided that the Employment Period has not
      already terminated, commencing on January 1, 2011 (and each January 1
      thereafter), the term of this Agreement shall automatically be extended for
      one
      additional year, unless at least ninety days prior to any such January 1, the
      Employer or the Executive gives written notice to the other party that it or
      he,
      as the case may be, does not wish to so extend the term of this Agreement.
      Notwithstanding the foregoing, the Employment Period shall end on the Date
      of
      Termination.

     

    3. Terms
      of Employment.
      

     

    (a)
       Position
      and Duties.
      

     

    (i)
       Position.
      During
      the Employment Period, (i) the Executive shall be employed as the Co-Chief
      Executive Officer of the Employer, and (ii) the Employer shall use commercially
      reasonable efforts to cause the Executive to be elected to serve as a member
      of
      each of the Boards, with the usual and customary duties of such offices in
      entities of a similar nature and size. The Executive shall also serve
      subsidiaries and affiliates of the Employer in such
      other capacities, in roles consistent with his position as Co-Chief Executive
      Officer, in addition to the foregoing as the Employer shall designate, and
      the
      Executive shall have such other duties, responsibilities and authority as the
      Boards of Directors of BMC, BBGP or PROGP, as applicable, (the “Board”
or
      “Boards”
as
      the
      context requires)
      may
      specify from time to time, in each case, in roles consistent with his position
      as Co-Chief Executive Officer. In no event shall the Executive be entitled
      to
      any additional compensation (from the Employer or otherwise) for services
      rendered to any other affiliate of the Employer (the Employer and any other
      affiliated entities for which the Executive provides such services, the
“BreitBurn
      Entities”).
      The
      Executive shall report directly to the Board.

    

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

    (ii) Exclusivity.
      During
      the Employment Period, and excluding any periods of vacation and sick leave
      to
      which the Executive is entitled under this Agreement, the Executive shall devote
      substantially full-time attention and time during normal business hours to
      the
      business and affairs of the BreitBurn Entities consistent with Section 3 hereof.
      During the Employment Period it shall not be a violation of this Agreement
      for
      the Executive to (A) carry on other non-competitive business ventures with
      the
      consent of the Employer or its nominee (not to be unreasonably withheld), (B)
      serve on the boards or committees of such ventures or trade associations or
      civic or charitable organizations or to engage in activities with such entities,
      (C) deliver lectures, fulfill speaking engagements or teach at educational
      institutions and (D) manage personal investments, so long as such activities
      do
      not significantly interfere with the performance of the Executive’s
      responsibilities as an employee of the Employer in accordance with this
      Agreement. The Executive shall be entitled to retain all compensation
      attributable to activities permitted under this Section 3(a)(ii).

     

    (iii) Allocation
      of Costs.
      The
      respective Boards shall use their best efforts to resolve any ambiguities or
      conflicts as to their respective obligations to the Executive under this
      Agreement. The cost of the Executive’s compensation and benefits shall be paid
      by BMC with the other Employer entities reimbursing BMC for their portion of
      such costs that are allocable to them on the basis of the Executive’s estimated
      time devoted to their respective businesses or on such other basis as the
      Employer entities may mutually agree, provided,
      that
      (A) costs associated with the RPUs and CPUs shall be borne by BBGP, and (B)
      costs associated with the BECLP Phantom Units shall be borne by PROGP.
      Notwithstanding the foregoing, each of BMC, PROGP, and/or BBGP shall be jointly
      and severally liable for the performance of the obligations of the Employer
      hereunder.

     

    (iv) Location.
      The
      Executive’s services shall be performed at the headquarters of the Employer, and
      such location shall be in the Greater Los Angeles metropolitan area.
      Notwithstanding the foregoing, the Employer may from time to time require the
      Executive to travel temporarily to other locations on the business of the
      Employer (and/or other BreitBurn Entities).

     

    (v) Operation
      of the Business.
      It is
      the Employer’s current intent to continue conducting its business in a manner
      that would not impede the attainment of the Performance Objectives applicable
      to
      the CPUs, provided that the parties acknowledge that any action or inaction
      by
      the Board (or any other person owing a fiduciary duty to the Employer) with
      respect to the conduct of the Employer’s business must be consistent with the
      Board’s or such person’s view of applicable fiduciary duties and law.
      Accordingly, the Employer agrees that,
      provided that its actions and inactions are consistent with applicable fiduciary
      duties and law, the Employer shall not take any action (or permit any inaction)
      that materially impedes the attainment of the Performance Objectives applicable
      to the CPUs. Notwithstanding the foregoing, nothing contained in this Section
      3(a)(v) nor any breach thereof shall create any right in the Executive (or
      any
      successor in interest to the Executive) to enjoin, preclude, constrain or
      otherwise interfere with any lawful action taken by or on behalf of the
      Employer, whether by injunction, restraining order, other equitable relief
      or
      otherwise or shall serve as the basis for any claim by the Executive for any
      punitive, consequential or incidental damages, and the Executive hereby agrees
      that his sole remedy for a breach of this Section 3(a)(v) shall be limited
      to
      the payments and benefits to which he may be entitled under the terms of this
      Agreement in the event that he terminates his employment for Good Reason.

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    (b) Compensation.
      

     

    (i)
       Base
      Salary.
      During
      the Employment Period, the Executive shall receive a base salary (the
“Base
      Salary”)
      at an
      annual rate of $425,000, as the same may be increased (but not decreased)
      thereafter in the discretion of the Employer. The Base Salary shall be paid
      at
      such regular intervals as the Employer pays executive salaries generally, but
      in
      no event less frequently than monthly. During the Employment Period, the Base
      Salary shall be reviewed at least annually by the Employer for possible increase
      in the discretion of the Employer. Any increase in the Base Salary shall not
      serve to limit or reduce any other obligation to the Executive under this
      Agreement. The Base Salary shall not be reduced after any such increase, and
      the
      term Base Salary as utilized in this Agreement shall refer to the Base Salary
      as
      so increased.

     

    (ii) Short-Term
      Incentives.
      For
      each calendar year ending during the Employment Period, the Executive shall
      be
      eligible to participate in the Employer’s short-term incentive plan at the Chief
      Executive Officer level and to earn an annual cash bonus based on the
      achievement of performance criteria established by the Board as soon as
      administratively practicable following the beginning of each such year (the
      “Annual
      Bonus”).
      For
      each calendar year during the Employment Period, (A) the target Annual Bonus
      shall be an amount equal to 100% of the Executive’s Base Salary, and (B) the
      maximum Annual Bonus shall be an amount equal to 200% of the Executive’s Base
      Salary. The Employer shall pay the Annual Bonus (if any) for each such calendar
      year in a single, cash, lump sum after the end of the applicable calendar year
      in accordance with procedures established by the Board, but in no event later
      than the fifteenth day of the third month following the end of such calendar
      year, subject to and conditioned upon the Executive’s continued employment with
      the Employer through the date of payment of such Annual Bonus. 

     

    (iii) Long
      Term Incentives.
      

     

    (A)
      Grant
      of RPUs and CPUs.
      As soon
      as practicable following the Commencement Date, BBGP shall grant to the
      Executive, under the BreitBurn Energy Partners L.P. 2006 Long-Term Incentive
      Plan (the “Plan”),
      (i)
      18,700 Restricted Phantom Units (together with the Restricted Phantom Units
      described in paragraph (B) below, the “RPUs”)
      which
      shall vest and convert into Units, subject to Section 5 below, as to one-third
      of such RPUs on each of January 1, 2009, January 1, 2010 and January 1, 2011,
      subject in each case to the Executive’s continued employment
      with the Employer through each such date; and (ii) 187,000 Convertible
      Performance Units (the “CPUs”)
      which
      shall convert into Units, subject to the attainment of applicable performance
      objectives and Section 5 below, on the earlier to occur of (A) the attainment
      of
      the specified performance metrics adopted by the Board in resolutions dated
      December 26, 2007 (the “Performance
      Objectives”),
      or
      (B) January 1, 2013, subject to the Executive’s continued employment with the
      Employer through any such date (except as provided in Section 5 below).
      Outstanding RPUs and CPUs shall generally entitle the Executive to receive
      payments in an amount equal to distributions made in respect of the Units
      underlying such awards at such time and in such amounts as distributions are
      received by the holders of Units generally (and, in the case of the CPUs, such
      payments shall be subject to recoupment by BBGP in the event that such payments
      exceed the level of distribution equivalent payments to which the Executive
      is
      ultimately entitled in respect of the CPUs, based on the level at which the
      Performance Objectives are attained). Except as expressly provided in Section
      5(d)(ii) below, conversion to, and payment to the Executive of, the Units
      underlying CPUs shall occur upon or as soon as practicable following the vesting
      of any such CPUs (whether pursuant to this Section 3(b)(iii) or Section 5
      below), but in no event later than the applicable “short-term deferral period”
(within the meaning of Code Section 409A). The
      terms
      and conditions of the RPUs and the CPUs, including without limitation, any
      provisions relating to cash distributions, performance or other vesting
      conditions and restrictions thereon, shall, consistent with the terms provided
      in this Agreement, be set forth in RPU and CPU award agreements, as applicable,
      in forms prescribed by the Employer or BBGP (together, the “LTIP
      Award Agreements”).
      The
      RPUs and the CPUs shall be governed by the terms of the Plan and the applicable
      LTIP Award Agreements. The Executive shall be eligible to receive additional
      awards under the Plan and to participate in any future long-term incentive
      programs available generally to the Employer’s senior executive officers in the
      future, both as determined in the sole discretion of the Board of Directors
      of
      BBGP. 

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    (B)
      MLP
      Phantom Units.
      

    

    (i) 2007
      MLP Phantom Units.
      As of
      the Commencement Date, all
      MLP
      Phantom Units (as defined in the Prior Agreement) granted to the Executive
      as of
      January 1, 2007 (the “2007
      MLP Phantom Units”)
      shall
      be cancelled, terminated and extinguished in exchange for the right to receive
      the following payments (the “MLP
      Phantom Units Consideration”):

    

    (1) A
      lump-sum cash payment in an amount equal to $1,200,000 (subject to any
      applicable withholding or other taxes), payable as soon as practicable after
      January 1, 2008, but in no event more than 30 days thereafter; and 

    

    (2) As
      soon
      as practicable following the Commencement Date, BBGP shall grant to the
      Executive, under the Plan, 92,200 RPUs, which shall vest and convert into Units,
      subject to Section 5 below, as to one-third of such RPUs on each of January
      1,
      2009, January 1,
      2010
      and January 1, 2011, subject in each case to the Executive’s continued
      employment with the Employer through each such date. Such RPUs shall be granted
      on the terms and conditions described in paragraph (A) above and as otherwise
      set forth in this Agreement (including, without limitation, Section 5 hereof).
      

    

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    (ii) The
      payment of the MLP Phantom Units Consideration shall be in full and final
      satisfaction and settlement of all obligations of the Employer entities and
      their affiliates (including without limitation, all BreitBurn Entities) with
      respect to the 2007 MLP Phantom Units, and the Executive hereby acknowledges
      and
      agrees that upon the cancellation of the 2007 MLP Phantom Units, he shall cease
      to have any rights or interest with respect thereto, except the right to receive
      the MLP Phantom Units Consideration. Executive hereby acknowledges and
      represents that he has no outstanding MLP Phantom Units other than the 2007
      MLP
      Phantom Units.

    

    (C)
      BECLP
      Phantom Units.
      Effective as of the first day of each fiscal year of the Employer during the
      Employment Period, the Executive shall be granted a BECLP Phantom Unit on the
      terms and conditions set forth in Exhibit
      C
      hereto.
      Any Partnership Phantom Unit (as defined in Appendix
      B
      to the
      Prior Agreement) granted under the Prior Agreement that remains outstanding
      after the Commencement Date shall be governed in accordance with the terms
      of
Exhibit
      C
      hereto.

    

    (D)
      No
      Right to Additional Phantom Options or MLP Phantom Units.
      In
      consideration of the payments and benefits described in this Agreement and
      for
      other good and valuable consideration, without limiting the generality of any
      other provision of this Agreement, the Executive hereby acknowledges and agrees
      that, notwithstanding anything contained in the Prior Agreement (including
      Appendix B thereto), and except as expressly provided in Section 3(b)(iii)(C)
      above with respect to BECLP Phantom Units, as of the Commencement Date, the
      Executive shall have no right to receive any grant of Phantom Options (as
      defined in Appendix
      B
      to the
      Prior Agreement) or of MLP Phantom Units in the future. 

    

    (E)
      Section
      409A Transition Relief.
      The
      parties intend that the cancellation of the 2007 MLP Phantom Units in exchange
      for the MLP Phantom Unit Consideration comply with the transition relief
      provided under Treasury Regulations promulgated under Code Section 409A,
      Internal Revenue Service Notice 2005-1, Q/A 19(c) and Internal Revenue Service
      Notice 2006-79, and that such cancellation and exchange not be treated as a
      change in the time or form of payment under Code Section 409A(a)(4) or an
      acceleration of a payment under Code Section 409A(a)(3). Accordingly, the
      parties hereby acknowledge and agree that payment of the MLP Phantom Unit
      Consideration in lieu of the 2007 MLP Phantom Units (i) will apply only to
      amounts that would not otherwise be payable in 2007, (ii) will not cause any
      amounts to be paid in 2007 that would not otherwise be payable in 2007, and
      (iii) will, to the extent applicable, constitute a deferral election that is
      made before January 1, 2008 with respect to an amount that is a short-term
      deferral (within the meaning of Treas. Reg. § 1.409A-1(b)(4)), before the
      year in which such amount would otherwise have been paid. To the greatest extent
      possible,
      payment of the 2007 MLP Phantom Unit Consideration in lieu of the 2007 MLP
      Phantom Units shall be interpreted and construed in accordance with the
      aforementioned transition relief.

    

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    (iv) Benefit
      Plans and Policies.
      During
      the Employment Period, the Executive and the Executive’s eligible dependents
      shall be eligible to participate in the savings and retirement plans and
      policies, welfare plans and policies (including, without limitation, medical
      and
      dental) and fringe benefit plans and policies of the Employer, in each case,
      that are made generally available to the Employer’s senior executive officers on
      a basis no less favorable than that provided generally to the Employer’s senior
      executive officers. Notwithstanding the foregoing, nothing herein shall, or
      shall be construed so as to, require the Employer to adopt or continue any
      plan
      or policy or to limit the Employer’s right to amend or terminate any such plan
      or policy at any time.

     

    (v) Automobile.
      During
      the Employment Period, the Employer shall pay directly, or the Executive shall
      be entitled to receive prompt reimbursement of, actual expenses of up to $1,000
      per month associated with the lease or purchase of an automobile, in addition
      to
      which the Employer shall pay or reimburse expenses related to the maintenance
      and operation of such automobile in accordance with the Employer’s automobile
      reimbursement policy applicable to the Employer’s senior executive officers, as
      in effect from time to time.

     

    (vi) Expenses.
      During
      the Employment Period, the Executive shall be entitled to receive prompt
      reimbursement for reasonable expenses incurred by the Executive on behalf of
      or
      in furtherance of the business of any BreitBurn Entity pursuant to the terms
      and
      conditions of the Employer’s applicable expense reimbursement policies. To the
      extent that any such expenses or any other reimbursements or fringe benefits
      provided to the Executive during the Employment Period are deemed to constitute
      compensation to the Executive, including without limitation any automobile
      expenses and/or club memberships reimbursed in accordance with Section 3(b)(v)
      above and 3(b)(viii) below, respectively, such expenses shall be reimbursed
      no
      later than December 31 of the year following the year in which the expense
      was
      incurred. The amount of any such compensatory expenses so reimbursed in one
      year
      shall not affect the amount eligible for reimbursement in any subsequent year
      and the Executive’s right to reimbursement of any such expenses shall not be
      subject to liquidation or exchange for any other benefit.

     

    (vii) Vacation.
      During
      the Employment Period, the Executive shall be entitled to paid vacation in
      accordance with the Employer’s applicable vacation policy, but in no event less
      than five (5) weeks per year. 

     

    (viii) City
      Club Membership.
      During
      the Employment Period, the Employer shall pay all initiation fees, monthly
      dues,
      and reasonable expenses incurred for business-related use of one city, athletic
      or dining club. The Executive’s membership shall be the property of the
      Executive.

     

    4. Termination
      of Employment.
      

     

    (a)
       Death
      or Disability.
      The
      Executive’s employment with the Employer shall terminate automatically upon the
      Executive’s death. In addition, if the Board determines in good
      faith that the Executive has incurred a Disability, it may terminate the
      Executive’s employment upon thirty days’ written notice provided in accordance
      with Section 13(b) hereof if the Executive shall not have returned to full-time
      performance of the Executive’s duties hereunder prior to the expiration of such
      thirty-day notice period. 

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

    (b) Cause.
      The
      Employer may terminate the Executive’s employment for Cause or without Cause at
      any time, provided,
      that
      the Employer may not terminate the Executive’s employment for Cause prior to
      obtaining the requisite approval of the Board as required by the definition
      of
“Cause.”

     

    (c) Good
      Reason.
      The
      Executive may terminate his employment for Good Reason or without Good Reason.
      

     

    (d) Notice
      of Termination.
      Any
      termination by the Employer or the Executive shall be communicated by a Notice
      of Termination to the other parties hereto given in accordance with Section
      13(b) hereof. The failure by the Executive or the Employer to set forth in
      the
      Notice of Termination any fact or circumstance which contributes to a showing
      of
      Good Reason or Cause shall not waive any right of the Executive or the Employer,
      respectively, hereunder or preclude the Executive or the Employer, respectively,
      from asserting such fact or circumstance in enforcing the Executive’s or the
      Employer’s rights hereunder.

     

    5. Obligations
      of the Employer upon Termination; Change of Control.
      For the
      avoidance of doubt, for purposes of this Section 5, a termination of the
      Executive’s employment with the Employer shall only occur if the Executive’s
      employment is terminated with all Employer entities (and any other BreitBurn
      Entities with whom the Executive may be or become employed). Notwithstanding
      the
      foregoing, the parties hereby acknowledge that changes in the Executive’s status
      as an employee of the various Employer entities and BreitBurn Entities
      (including any transfer of the Executive’s employment between such entities and
      any termination of the Executive’s employment relationship with one or more, but
      fewer than all, such entities) may, but shall not necessarily, constitute Good
      Reason hereunder, and that the effect of such changes on the Executive’s
      employment relationship shall be considered in determining whether Good Reason
      exists hereunder. 

     

    (a)
       Good
      Reason; Other Than for Cause, Death or Disability.
      If,
      during the Employment Period, the Employer terminates the Executive’s employment
      without Cause (other than as a consequence of the Executive’s death or
      Disability, which terminations shall be governed by Section 5(c) below), or
      the
      Executive terminates his employment with the Employer for Good Reason, in either
      case, in a manner that constitutes a
      Separation from Service,
      then
      the Executive shall be entitled to receive the payments and benefits described
      below in this Section 5(a).

     

    (i) (A)
      The
      Executive shall be paid, in a single lump-sum payment within thirty (30) days
      after the Executive’s Separation from Service (or any shorter period prescribed
      by law), the aggregate amount of (1) the Executive’s earned but unpaid Base
      Salary and accrued but unpaid vacation pay, if any, through the Date of
      Termination, and (2) any unreimbursed business expenses incurred by the
      Executive through the Date of Termination that are reimbursable under Section
      3(b)(vi) above; and (B) to the extent not theretofore paid or provided, the
      Employer shall timely pay or provide to the Executive any accrued benefits
      and
other
      amounts or benefits required to be paid or provided prior to the Date of
      Termination under any other plan, program, policy, practice, contract or
      agreement of the Employer and its affiliates according to their terms (the
      payments and benefits described in this Section 5(a)(i), the “Accrued
      Obligations”).

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

    (ii) In
      addition to the Accrued Obligations, provided that the Executive executes a
      general release and waiver of claims substantially in the form attached hereto
      as Exhibit
      B
      (as such
      form may be updated to reflect changes in law, the “Release”)
      within
      forty-five (45) days after the Executive’s Separation from Service and does not
      revoke such Release, and further subject to Section 12 below, the Executive
      shall be entitled to receive the following payments and benefits (the
“Severance”):
      

     

    (A)
       A
      payment
      equal to two times the sum of (1) the Executive’s Base Salary as in effect
      immediately prior to the Date of Termination, plus (2) the average of the
      Executive’s Annual Bonuses earned (including any amounts deferred) during the
      two years immediately preceding the Date of Termination (the “Bonus
      Amount”),
      payable no later than sixty days after the date
      on
      which the Executive incurs a Separation from Service;
      

     

    (B)
       For
      a
      period of twenty-four months following the date on which the Executive incurs
      a
      Separation from Service, but
      in no
      event longer than the period of
      time
      during which the Executive would be entitled to continuation coverage under
      Code
      Section 4980B absent this provision (the “COBRA
      Period”),
      the
      Executive and the Executive’s eligible dependents shall continue to be provided
      with medical, prescription and dental benefits at the levels in effect
      immediately prior to the Date of Termination at the same cost to the Executive
      as immediately prior to the Date of Termination, provided that the Executive
      properly elects continuation healthcare coverage under Code Section 4980B;
      following such continuation period, any further continuation of such coverage
      under applicable law shall be at the Executive’s sole expense. Notwithstanding
      the foregoing, the Executive and his dependents shall cease to receive such
      medical, prescription and dental benefits on the date that the Executive becomes
      eligible to receive benefits under another employer-provided group health plan;
      

     

    (C) Any
      unpaid Annual Bonus that would have become payable to the Executive pursuant
      to
      Section 3(b)(ii) hereof in respect of any calendar year that ends on or before
      the Date of Termination, had the Executive remained employed through the payment
      date of such Annual Bonus, payable in
      the
      calendar year in which the Separation from Service occurs, but in no event
      later
      than the date in such calendar year on which annual bonuses are paid to the
      Employer’s senior executive officers generally;
      and

    

    (D) To
      the
      extent not previously vested and converted into Units or forfeited, (1) the
      RPUs
      shall vest and convert into Units in full upon the Executive’s Separation from
      Service; and (2) the CPUs shall vest and convert into Units on a pro rata basis
      as follows: the number of CPUs that vest and convert into Units shall be equal
      to the total number of CPUs that would otherwise vest and convert into units
      based on the extent to which the applicable Performance Objectives have been
      satisfied
      as of the Date of Termination multiplied by the applicable percentage set forth
      in the following schedule (the “CPU
      Acceleration Percentage”)
      (and
      any CPUs that do not vest and convert into Units in accordance with this Section
      5(a)(ii)(D) (and which have not otherwise vested and converted into Units prior
      to the Date of Termination) shall be forfeited as of the Date of
      Termination):

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

    (a)
      if such
      termination occurs on or before December 31, 2008, such percentage shall be
      equal to 40%;

     

    (b)
      if such
      termination occurs on or before December 31, 2009, such percentage shall be
      equal to 60%;

    

    (c)
      if such
      termination occurs on or before December 31, 2010, such percentage shall be
      equal to 80%; and

    

    (d)
      if such
      termination occurs on or after January 1, 2011, such percentage shall be equal
      to 100%.

    

    (b) Cause;
      Resignation Other than for Good Reason.
      If the
      Executive incurs a Separation from Service because the Employer terminates
      the
      Executive’s employment for Cause or the Executive terminates his employment
      other than for Good Reason, the Employer shall pay to the Executive the Accrued
      Obligations within thirty days after the Executive’s Separation from Service (or
      any shorter period prescribed by law) or, in the case of payments or benefits
      described in Section 5(a)(i)(B) above, as such payments or benefits become
      due.
      Any outstanding equity awards, including, without limitation, the RPUs and
      CPUs
      granted in accordance with Section 3(b)(iii) above, shall be treated in
      accordance with the terms of the governing plan and award agreement.

     

    (c) Death
      or Disability.
      If the
      Executive incurs a Separation from Service by reason of the Executive’s death or
      Disability during the Employment Period:

     

    (i) The
      Accrued Obligations shall be paid to the Executive’s estate or beneficiaries or
      to the Executive, as applicable, within thirty days after the Executive’s
      Separation from Service (or any shorter period prescribed by law) or, in the
      case of payments or benefits described in Section 5(a)(i)(B) above, as such
      payments or benefits become due;

     

    (ii) In
      addition to the Accrued Obligations, subject to the Executive’s (or his
      estate’s) execution and non-revocation of a Release, the Executive shall be
      entitled to receive the following payments and benefits (the “Death/Disability
      Payments”):

     

    (A) (1)
      the
      RPUs shall vest and convert into Units in full upon the Executive’s Separation
      from Service; and (2) the CPUs shall vest and convert into Units on a pro rata
      basis as follows: the number of CPUs that vest and convert into Units shall
      be
      equal to the total number of CPUs that would otherwise vest and convert into
      Units based on the extent to which the applicable Performance Objectives have
      been satisfied as of the Date of Termination multiplied by the applicable CPU
      Acceleration Percentage (and any CPUs that do not vest and convert into Units
      in
      accordance with this Section 5(c)(ii)(A) (and which have not otherwise vested
      and converted
      into Units prior to the Date of Termination) shall be forfeited as of the Date
      of Termination);

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

    (B) For
      the
      period commencing on the Executive’s Separation from Service and ending on the
      earlier to occur of (1) the date on which the Employment Period would have
      otherwise expired had the Executive not incurred a Separation from Service
      (disregarding any renewals thereof that would occur subsequent to the Date
      of
      Termination), and (2) the date of the expiration of the COBRA Period, the
      Executive and the Executive’s eligible dependents shall continue to be provided
      with medical, prescription and dental benefits as if the Executive’s employment
      had not been terminated at the same cost to the Executive (or the Executive’s
      estate or dependents) as immediately prior to the Date of Termination provided
      that the Executive or his dependents, if applicable, properly elect continuation
      healthcare coverage under Code Section 4980B; following such continuation
      period, any further continuation of such coverage under applicable law shall
      be
      at the Executive’s (or his estate’s or dependents’) sole expense;
      and

     

    (C) Any
      unpaid Annual Bonus that would have become payable to the Executive pursuant
      to
      Section 3(b)(ii) hereof in respect of any calendar year that ends on or before
      the Date of Termination, had the Executive remained employed through the payment
      date of such Annual Bonus, payable in the calendar year in which the Separation
      from Service occurs, but in no event later than the date in such calendar year
      on which annual bonuses are paid to the Employer’s senior executive officers
      generally.

    

    (d) Non-renewal.
      

     

    (i) Employer
      Non-Renewal.
      

     

    (A) If
      the
      Employer provides a notice of non-renewal of the Employment Period as set forth
      in Section 2 hereof and the Executive incurs a Separation from Service as a
      result, the CPUs shall vest and convert into Units upon such separation (to
      the
      extent not previously vested and converted into Units or canceled) on a pro
      rata
      basis as follows: the number of CPUs that vests and converts into Units shall
      be
      equal to the total number of CPUs that would otherwise vest and convert into
      Units based on the extent to which the applicable Performance Objectives have
      been satisfied as of the Date of Termination multiplied by the applicable CPU
      Acceleration Percentage, provided,
      that
      the vesting and conversion described in this Section 5(d)(i)(A) shall only
      occur
      if, following such notice of non-renewal by the Employer, the Executive does
      not
      voluntarily terminate his employment (other than upon death or Disability)
      before the end of the Employment Period, as determined without regard to any
      extension of the Employment Period that might otherwise occur following the
      Date
      of Termination in accordance with the second sentence of Section 2 hereof (a
      “Post-Termination
      Extension”).
      For
      purposes of clarification, subject to the Executive’s continued employment
      through the end of the Employment Period, as determined without regard to any
      Post-Termination Extension, in the event that the Employment Period terminates
      on January 1, 2011 as a result of non-renewal by the Employer in accordance
      with
      Section 2 hereof,
      the
      final
      one-third of the RPUs shall vest
      and
      convert into Units as scheduled in accordance with Section 3(b)(iii) on January
      1, 2011. Any RPUs or CPUs that do not vest and convert into Units on or prior
      to
      the Date of Termination) shall be forfeited as of the Date of Termination.
      

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

    (B) Neither
      the Employer’s election not to renew the Employment Period nor a termination of
      the Executive’s employment resulting therefrom shall constitute a termination of
      the Executive’s employment hereunder without Cause for purposes of this
      Agreement. Notwithstanding the foregoing, subject to the Executive’s execution
      and non-revocation of a Release, the Employer shall pay to the Executive, at
      the
      time when annual bonuses are paid to the Employer’s senior executive officers in
      respect of the year in which the Separation from Service occurs (but in no
      event
      later than the fifteenth day of the third month following the end of such year),
      to the extent not previously paid, an Annual Bonus in respect of the year in
      which the Separation from Service occurs. 

     

    (ii) Executive
      Non-Renewal.
      If the
      Executive provides a notice of non-renewal of the Employment Period in
      accordance with Section 2 hereof and the Executive experiences a Separation
      from
      Service as a result, then, following such a termination, a pro rata portion
      of
      the CPUs shall remain outstanding and eligible to vest and convert into Units
      in
      accordance with the terms of the applicable LTIP Award Agreement (if not
      previously vested and converted into Units or canceled) as follows: the number
      of CPUs that remains outstanding and eligible to vest and convert into Units
      in
      accordance with the terms of the applicable LTIP Award Agreement following
      the
      Date of Termination shall be equal to the total number of CPUs multiplied by
      a
      fraction, (A) the numerator of which is an integer equal to the number of whole
      years elapsed from the Commencement Date through and including the Date of
      Termination, and (B) the denominator of which equals five, provided,
      that
      the eligibility for post-termination vesting and conversion into Units of the
      CPUs described in this Section 5(d)(ii) shall only occur if, following such
      notice of non-renewal by the Executive, the Executive does not voluntarily
      terminate his employment (other than upon death or Disability) before the end
      of
      the Employment Period, as determined without regard to any Post-Termination
      Extension. Any CPUs that do not remain eligible to vest and convert into Units
      in accordance with this Section 5(d)(ii) (and which have not otherwise vested
      and converted into Units or terminated prior to the Date of Termination) shall
      be forfeited as of the Date of Termination. The
      Executive’s election not to renew the Employment Period and a termination of his
      employment resulting therefrom shall be deemed to constitute a termination
      by
      the Executive without Good Reason for purposes of this Agreement.
      For
      purposes of clarification, subject to the Executive’s continued employment
      through the end of the Employment Period, as determined without regard to any
      Post-Termination Extension, in the event that the Employment Period terminates
      on January 1, 2011 as a result of non-renewal by the Executive in accordance
      with Section 2 hereof,
      the
      final
      one-third of the RPUs shall vest and convert into Units as scheduled in
      accordance with Section 3(b)(iii) on January 1, 2011.

     

    (iii) Accrued
      Obligations.
      In the
      case of any termination in accordance with this Section 5(d), the Accrued
      Obligations shall be paid to the Executive within thirty days after the
      Executive’s Separation from Service (or any shorter period prescribed by law)
      or, in the case of payments or benefits described in Section 5(a)(i)(B) above,
      as such payments or benefits become due.

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

    (e) Change
      of Control.
      Notwithstanding anything herein to the contrary, if a Change in Control (as
      defined in the Plan) occurs during the Employment Period, then, to the extent
      not previously vested and converted into Units, the RPUs shall vest in full
      upon
      such Change in Control, provided,
      that
      notwithstanding the foregoing, such RPUs shall not convert into Units and shall
      not convert into Units and be paid to the Executive until the earlier to occur
      of (1) the originally applicable vesting date described in Section 3(b)(iii)
      above, or (2) the Executive’s Separation from Service.

     

    

    (f) Termination
      of Offices and Directorships.
      Upon
      termination of the Executive’s employment for any reason, the Executive shall be
      deemed to have resigned from all offices and directorships, if any, then held
      with the Employer or any BreitBurn Entity, and shall take all actions reasonably
      requested by the Employer to effectuate the foregoing.

    

    6. Non-exclusivity
      of Rights.
      Nothing
      in this Agreement shall prevent or limit the Executive’s participation in any
      other plan, program, policy or practice provided by any BreitBurn Entity (other
      than policies relating to severance payments or obligations on termination
      of
      employment for any reason ) and for which the Executive may qualify, nor shall
      anything herein limit or otherwise affect such rights as the Executive may
      have
      under any contract or agreement with any BreitBurn Entity. Amounts which are
      vested benefits or which the Executive is otherwise entitled to receive under
      any plan, policy, practice or program of or any contract or agreement with
      any
      BreitBurn Entity or any of its affiliates at or subsequent to the Date of
      Termination shall be payable, if at all, in accordance with such plan, policy,
      practice or program or contract or agreement except as explicitly modified
      by
      this Agreement.

     

    7. No
      Mitigation.
      The
      Employer’s obligation to make the payments provided for in this Agreement and
      otherwise to perform its obligations hereunder shall not be affected by any
      set-off, counterclaim, recoupment, defense or other claim, right or action
      which
      the Employer or any of their affiliates may have against the Executive or
      others. In no event shall the Executive be obligated to seek other employment
      or
      take any other action by way of mitigation of the amounts payable to the
      Executive as Severance or Death/Disability Payments, and, except as provided
      in
      Section 5(a)(ii)(B) hereof, such amounts shall not be reduced whether or not
      the
      Executive obtains other employment.

     

    8. Executive’s
      Covenants.
      

     

    (a)
       Confidential
      Information.
      The
      Executive shall hold in a fiduciary capacity for the benefit of the Employer
      and
      each BreitBurn Entity all secret or confidential information, knowledge and
      data
      relating to the Employer and each BreitBurn Entity, and their respective
      businesses, including without limitation any trade secrets, which shall have
      been obtained by the Executive during the Executive’s employment with the
      Employer and which shall not be or have become public knowledge or known within
      the relevant trade or industry (other than by acts by the Executive or
      representatives of the Executive in violation of this Agreement) (together,
      “Proprietary
      Information”).
      The
      Executive shall not, at any time during or after his employment, directly or
      indirectly, without the prior written consent of the Board or as may otherwise
      be required by law or legal process, use for his own benefit such Proprietary
      Information or communicate or divulge any such Proprietary Information to anyone
      (other than an authorized BreitBurn Entity or any such entity’s designee);
provided,
      that if
      the Executive receives
      actual notice that the Executive is or may be required by law or legal process
      to communicate or divulge any such Proprietary Information, unless otherwise
      prohibited by law or regulation, the Executive shall promptly so notify the
      Board. Anything herein to the contrary notwithstanding, the provisions of this
      Section 8 shall not apply with respect to any litigation, arbitration or
      mediation involving this Agreement or any other agreement between the Executive
      and the Employer or any BreitBurn Entity; provided,
      that
      the Executive shall take all reasonable steps to maintain such Proprietary
      Information as confidential, including, without limitation, seeking protective
      orders and filing documents containing such information under seal. Nothing
      herein shall be construed as prohibiting the Executive from using or disclosing
      such Proprietary Information as may be reasonably necessary in his proper
      performance of services hereunder.

     

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

    (b) Non-Solicitation.
      

    

    (i) While
      employed by the Employer and for a period of two years following the Date of
      Termination, regardless of the reason for the termination, other than in the
      ordinary course of the Executive’s duties for the Employer or any BreitBurn
      Entity, the Executive shall not, without the prior consent of the Board,
      directly or indirectly solicit, induce, or encourage any employee of any
      BreitBurn Entity or any of their respective affiliates who is employed on the
      Date of Termination (or at any time within six months of such date) to terminate
      his or her employment with such entity; and 

    

    (ii) While
      employed by the Employer and thereafter, regardless of the reason for the
      termination, the Executive shall not, without the prior consent of the Board,
      use any Proprietary
      Information
      to hire
      any employee of the Employer or any BreitBurn Entity or any of their respective
      affiliates within six months after that employee’s termination of employment
      with any BreitBurn Entity or any of their respective affiliates. 

    

    The
      Employer acknowledges that its employees may join entities with which the
      Executive is affiliated and that such event shall not constitute a violation
      of
      this Agreement if the Executive was not involved in the solicitation, hiring
      or
      identification of such employee as a potential recruit. 

    

    (c) Irreparable
      Harm.
      In
      recognition of the facts that irreparable injury will result to the Employer
      in
      the event of a breach by the Executive of his obligations under Sections 8(a)
      or
      8(b) above, that monetary damages for such breach would not be readily
      calculable, and that the Employer would not have an adequate remedy at law
      therefor, the Executive acknowledges, consents and agrees that, in the event
      of
      any such breach, or the threat thereof, the Employer shall be entitled, in
      addition to any other legal remedies and damages available, to specific
      performance thereof and to temporary and permanent injunctive relief (without
      the necessity of posting a bond) to restrain the violation or threatened
      violation of such obligations by the Executive.

     

    (d) Return
      of Property.
      Upon the termination of the Executive’s employment with the
      Employer
      for any
      reason, the Executive shall immediately return and deliver to the
      Employer
      any and
      all Proprietary Information, and any and all other papers, books, records,
      documents, memoranda and manuals, e-mail, electronic or magnetic recordings
      or
      data, including all copies thereof, belonging to the
      Employer
      or any
      other BreitBurn Entity or relating to
      their
      business, in the Executive’s possession, whether prepared by the Executive or
      others. If at any time after the Employment Period, the Executive determines
      that he has any Proprietary
      Information or other such materials
      in his
      possession or control, or any copy thereof, the Executive shall immediately
      return to the Employer all such information and materials, including all copies
      and portions thereof. Nothing herein shall prevent the Executive from retaining
      a copy of his personal papers, information or documentation relating to his
      compensation.

    

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

    9. Successors.
      

     

    (a)
       Assignment
      by the Executive.
      This
      Agreement is personal to the Executive and without the prior written consent
      of
      the Board shall not be assignable by the Executive otherwise than by will or
      the
      laws of descent and distribution. This Agreement, including any benefits or
      compensation payable hereunder, shall inure to the benefit of and be enforceable
      by the Executive’s legal representatives, including, without limitation, his
      heirs and/or beneficiaries. For the avoidance of doubt, if the Executive dies
      prior to the payment of amounts that are owed to him under this Agreement,
      such
      amounts shall be paid, in accordance with the terms of this Agreement, to the
      Executive’s estate. 

     

    (b)  Assignment
      by the Employer.
      This
      Agreement shall inure to the benefit of and be binding upon the Employer and
      its
      successors and assigns; provided,
      that
      such assignment shall not relieve any Employer of its obligations under Section
      10 of this Agreement. Except
      as
      specified in the preceding sentence, no rights or obligations of the Employer
      under this Agreement may be assigned or transferred by the Employer without
      the
      Executive’s prior written consent, except that such rights or obligations may be
      assigned or transferred in connection with a merger, consolidation,
      reorganization or other similar corporate transaction following which Provident
      Energy Trust, a trust organized under the laws of Alberta, Canada (together
      with
      its successors and assigns, “Provident”)
      will
      no longer own, directly or indirectly, at least 50% of the equity securities
      of
      BMC or BBGP (determined on a fully diluted basis), or a sale of all or
      substantially all of BreitBurn Partners’ assets provided that the assignee or
      transferee is the successor to all or substantially all of BreitBurn Partners’
assets and assumes the liabilities, obligations and duties of the Employer
      under
      this Agreement.

     

    (c) Express
      Assumption of Agreement.
      The
      Employer shall require any successor (whether direct or indirect, by purchase,
      merger, consolidation or otherwise) to all or substantially all of the business
      and/or assets of the Employer or any assign permitted under Section 9(b) above
      to assume expressly and agree to perform this Agreement in the same manner
      and
      to the same extent that the Employer would be required to perform it if no
      such
      succession had taken place. As used in this Section 9(c), “Employer” shall mean
      the Employer as hereinbefore defined and any successor to its business and/or
      assets or assigns as aforesaid which assumes and agrees to perform this
      Agreement by operation of law or otherwise.

     

    10. Indemnification
      and Directors’ and Officers’ Insurance.
      

     

    (a)
       General.
      During
      the Employment Period and thereafter, the Employer shall indemnify the Executive
      to the fullest extent permitted under law from and against any expenses
      (including but not limited to attorneys’ fees, expenses of investigation and
      preparation and fees and disbursements of the Executive’s accountants or other
      experts), judgments, fines, penalties and amounts paid in settlement actually
      and reasonably incurred by the Executive in connection
      with any proceeding in which the Executive was or is made party, was or is
      involved (for example, as a witness) or is threatened to be made a party to,
      in
      any case, by reason of the fact the Executive was or is employed by the Employer
      or was performing services for any BreitBurn Entity. Such indemnification shall
      continue as to the Executive during the Employment Period and for at least
      six
      years from the Date of Termination with respect to acts or omissions which
      occurred prior to his cessation of employment with the Employer and shall inure
      to the benefit of the Executive’s heirs, executors and administrators. The
      Employer shall advance to the Executive all costs and expenses incurred by
      him
      in connection with any proceeding covered by this provision within twenty
      calendar days after receipt by the Employer of a written request for such
      advance. Such request shall include an undertaking by the Executive to repay
      the
      amount of such advance if it shall ultimately be determined that he is not
      entitled to be indemnified against any such costs and/or expenses.

     

    
      
        
        

      

      
        14

        
          

        

      

      
        
        

      

    

    (b) Insurance.
      The
      Employer agrees to maintain directors’ and officers’ liability insurance
      policies covering the Executive on a basis no less favorable than provided
      to
      the Employer’s senior executive officers, which coverage shall continue as to
      the Executive even if he has ceased to be a director, member, employee or agent
      of the BreitBurn Entities with respect to acts or omissions which occurred
      prior
      to such cessation. The insurance contemplated under this Section 10(b) shall
      inure to the benefit of the Executive’s heirs, executors and
      administrators.

     

    11. Arbitration
      Agreement.
      

     

    (a)
       General.
      Any
      controversy, dispute or claim between the Executive and any BreitBurn Entity,
      or
      any of their respective parents, subsidiaries, affiliates or any of their
      officers, directors, agents or other employees, relating to the Executive’s
      employment or the termination thereof, shall be resolved by final and binding
      arbitration, at the request of any party hereto. The arbitrability of any
      controversy, dispute or claim under this Agreement or any other agreement
      between the parties hereto shall be determined by application of the substantive
      provisions of the Federal Arbitration Act (9 U.S.C. sections 1 and 2) and
      by application of the procedural provisions of California law, except as
      provided herein. Arbitration shall be the exclusive method for resolving any
      dispute and all remedies available from a court of competent jurisdiction shall
      be available; provided,
      that
      either party may request provisional relief from a court of competent
      jurisdiction if such relief is not available in a timely fashion through
      arbitration. The claims which are to be arbitrated include, but are not limited
      to, any claim arising out of or relating to this Agreement, the LTIP Award
      Agreements or the employment relationship between the Executive and the
      Employer, claims for wages and other compensation, claims for breach of contract
      (express or implied), claims for violation of public policy, wrongful
      termination, tort claims, claims for unlawful discrimination and/or harassment
      (including, but not limited to, race, religious creed, color, national origin,
      ancestry, physical disability, mental disability, gender identity or expression,
      medical condition, marital status, age, pregnancy, sex or sexual orientation)
      to
      the extent allowed by law, and claims for violation of any federal, state,
      or
      other government law, statute, regulation, or ordinance, except for claims
      for
      workers’ compensation and unemployment insurance benefits. This Agreement shall
      not be interpreted to provide for arbitration of any dispute that does not
      constitute a claim recognized under applicable law.

     

    
      
        
        

      

      
        15

        
          

        

      

      
        
        

      

    

    (b) Selection
      of Arbitrator.
      The
      Executive and the Employer shall select a single neutral arbitrator by mutual
      agreement. If the Executive and the Employer are unable to agree on a neutral
      arbitrator within thirty days of a demand for arbitration, either party may
      elect to obtain a list of arbitrators from the Judicial Arbitration and
      Mediation Service (“JAMS”)
      or the
      American Arbitration Association (“AAA”),
      and
      the arbitrator shall be selected by alternate striking of names from the list
      until a single arbitrator remains. The party initiating the arbitration shall
      be
      the first to strike a name. Any demand for arbitration must be in writing and
      must be made by the aggrieved party within the statute of limitations period
      provided under applicable state and/or federal law for the particular claim(s).
      Failure to make a written demand within the applicable statutory period
      constitutes a waiver of the right to assert that claim in any forum.

     

    (c) Venue;
      Process.
      Arbitration proceedings shall be held in Los Angeles, California. The arbitrator
      shall apply applicable state and/or federal substantive law to determine issues
      of liability and damages regarding all claims to be arbitrated, and shall apply
      the Federal Rules of Evidence to the proceeding. The parties shall be entitled
      to conduct reasonable discovery and the arbitrator shall have the authority
      to
      determine what constitutes reasonable discovery. The arbitrator shall hear
      motions for summary judgment/adjudication as provided in the Federal Rules
      of
      Civil Procedure. Within thirty days following the hearing and the submission
      of
      the matter to the arbitrator, the arbitrator shall issue a written opinion
      and
      award which shall be signed and dated. The arbitrator’s award shall decide all
      issues submitted by the parties, but the arbitrator may not decide any issue
      not
      submitted. The opinion and award shall include factual findings and the reasons
      upon which the decision is based. The arbitrator shall be permitted to award
      only those remedies in law or equity which are requested by the parties and
      allowed by law.

     

    (d) Costs.
      The
      cost of the arbitrator and other incidental costs of arbitration that would
      not
      be incurred in a court proceeding shall be borne by the Employer. The parties
      shall each bear their own costs and attorneys’ fees in any arbitration
      proceeding, provided,
      that
      the arbitrator shall have the authority to require either party to pay the
      costs
      and attorneys’ fees of the other party to the extent permitted under applicable
      federal or state law, as a part of any remedy that may be ordered.

     

    (e) Waiver
      of Rights.
      Both
      the Employer and the Executive understand that, by agreeing to use arbitration
      to resolve disputes, they are giving up any right that they may have to a judge
      or jury trial with regard to all issues concerning employment or otherwise
      covered by this Section 11.

     

     

    12. Internal
      Revenue Code Section 409A.
      

     

    (a) Certain
      compensation and benefits payable under this Agreement are not intended to
      constitute “nonqualified deferred compensation” within the meaning of Code
      Section 409A, while other compensation and benefits payable under this Agreement
      may constitute “nonqualified deferred compensation” which is intended to comply
      with the requirements of Code Section 409A. To the extent that the Board
      determines that any compensation or benefits payable under this Agreement may
      not be compliant with or exempt from Code Section 409A, the Board and the
      Executive shall cooperate and work together in good faith to timely amend this
      Agreement in a manner intended to comply with the requirements of Code Section
      409A or an exemption therefrom (including
      amendments with retroactive effect), or take any other actions as they
      deem
      necessary or appropriate to (a) exempt such compensation and benefits from
      Code
      Section 409A and/or preserve the intended tax treatment with respect to such
      compensation and benefits, or (b) comply with the requirements of Code Section
      409A. To the extent applicable, this Agreement shall be interpreted in
      accordance with the provisions of Code Section 409A. If
      the
      Executive, nonetheless, becomes subject to the additional tax under Section
      409A
      with respect to any payment hereunder, the Employer shall pay the Executive
      an
      additional lump-sum cash amount such that after such additional lump sum the
      Executive is in the same net after-tax position he would have been in had no
      payments under this Agreement subjected him to the additional tax under Section
      409A.

     

    
      
        
        

      

      
        16

        
          

        

      

      
        
        

      

    

    (b)
       Potential
      Six-Month Delay.
      Notwithstanding anything to the contrary in this Agreement, no compensation
      and
      benefits, including without limitation any Severance payments or
      Death/Disability Payments, shall be paid to the Executive during the 6-month
      period following his Separation from Service to the extent that the Employer
      reasonably determines that paying such amounts at the time or times indicated
      in
      this Agreement would result in a prohibited distribution under Section
      409A(a)(2)(b)(i) of the Code. If the payment of any such amounts is delayed
      as a
      result of the previous sentence, then on the first business day following the
      end of such 6-month period (or
      such earlier date upon which such amount can be paid under Code Section 409A
      without resulting in a prohibited distribution, including as a result of the
      Executive’s
      death),
      the
      Company shall pay to Executive a lump-sum amount equal to the cumulative amount
      that would have otherwise been payable to the Executive during such 6-month
      period, plus interest thereon from the date of the Executive’s Separation from
      Service through the payment date at a rate equal to the then-current “applicable
      Federal rate” determined under Section 7872(f)(2)(A) of the Code.

    

    13. Miscellaneous.
      

     

    (a)
       Governing
      Law; Captions; Amendment.
      This
      Agreement shall be governed by and construed in accordance with the laws of
      the
      State of California, without reference to principles of conflict of laws. The
      captions of this Agreement are not part of the provisions hereof and shall
      have
      no force or effect. This Agreement may not be amended or modified otherwise
      than
      by a written agreement executed by the parties hereto or their respective
      successors and legal representatives.

     

    (b) Notice.
      All
      notices and other communications hereunder shall be in writing and shall be
      given by hand delivery to the other party, by registered or certified mail,
      return receipt requested, postage prepaid, or by any other means agreed to
      by
      the parties, addressed as follows:

     

    If
      to
      the Executive:
      at the
      Executive’s most recent address on the records of the Employer; 

     

    If
      to
      the Employer:

     

    BreitBurn
      Management Company LLC

    Attn.:
      Chairman of the Board of Directors

    515
      South
      Flower Street, Suite 4800

    Los
      Angeles, CA 90071

     

    
      
        
        

      

      
        17

        
          

        

      

      
        
        

      

    

    or
      to
      such other address as either party shall have furnished to the other in writing
      in accordance herewith. Notice and communications shall be effective when
      actually received by the addressee.

     

    (c) Code
      of Conduct.
      The
      Executive hereby agrees to execute, concurrently herewith, the Employer’s Code
      of Conduct Policy, receipt of which the Executive hereby
      acknowledges.

     

    (d) Severability;
      Provisions Survive.
      The
      invalidity or unenforceability of any provision of this Agreement shall not
      affect the validity or enforceability of any other provision of this Agreement.
      The respective rights and obligations of the parties hereunder shall survive
      any
      expiration or termination of the Employment Period to the extent necessary
      to
      carry out the intentions of the parties as embodied in this
      Agreement.

     

    (e) Withholding.
      The
      Employer may withhold from any amounts payable under this Agreement such
      federal, state, local or foreign taxes as shall be required to be withheld
      pursuant to any applicable law or regulation. 

     

    (f) Employer
      Representations.
      The
      Employer represents and warrants that (i) the execution, delivery and
      performance of this Agreement by it has been fully and validly authorized,
      (ii)
      the entities signing this Agreement are duly authorized to do so, (iii) the
      execution and delivery of this Agreement does not violate any order, judgment
      or
      decree or any agreement, plan or corporate governance document to which it
      is a
      party or by which it is bound and (iv) upon execution and delivery of this
      Agreement by the parties, it shall be a valid and binding obligation of the
      Employer, enforceable against it in accordance with its terms, except to the
      extent that enforceability may be limited by applicable laws, including, without
      limitation, bankruptcy, insolvency or similar laws affecting the enforcement
      of
      creditors’ rights generally.

     

    (g) Executive
      Representations and Acknowledgements.
      The
      Executive hereby represents and warrants to the Employer that (i) the Executive
      is entering into this Agreement voluntarily and that the performance of his
      obligations hereunder will not violate any agreement between the Executive
      and
      any other person, firm, organization or other entity, and (ii) the Executive
      is
      not bound by the terms of any agreement with any previous employer or other
      party to refrain from competing, directly or indirectly, with the business
      of
      such previous employer or other party that would be violated by his entering
      into this Agreement and/or providing services to the Employer or its affiliates
      pursuant to the terms of this Agreement. The Executive hereby acknowledges
      (A) that the Executive has consulted with or has had the opportunity to
      consult with independent counsel of his own choice concerning this Agreement,
      and has been advised to do so by the Employer, and (B) that the Executive
      has read and understands this Agreement, is fully aware of its legal effect,
      and
      has entered into it freely based on his own judgment.

    
      
        
        

      

      
        18

        
          

        

      

      
        
        

      

    

    (h) No
      Waiver.
      No
      party’s failure to insist upon strict compliance with any provision of this
      Agreement or to assert any right hereunder shall be deemed to be a waiver of
      such provision or right or any other provision or right arising under this
      Agreement. Any waiver of any provision or right under this Agreement shall
      be
      effective only if in a writing, specifically referencing the provision being
      waived and signed by the party against whom the enforcement of the waiver is
      being sought.

     

    (i) Entire
      Agreement; Construction.
      This
      Agreement, together with the LTIP Award Agreements and the Employer’s Code of
      Conduct Policy, constitutes the entire agreement of the parties with respect
      to
      the subject matter hereof and shall supersede and replace all prior
      representations, warranties, agreements and understandings, both written and
      oral, made by the Employer, any other BreitBurn Entity or the Executive with
      respect to the subject matter covered hereby, including without limitation,
      the
      Prior Agreement (including Exhibit B thereto), provided,
      that to
      the extent there is any inconsistency between this Agreement and the Employer’s
      Code of Conduct Policy, the terms of this Agreement shall control. The
      parties to this Agreement have participated jointly in the negotiation and
      drafting of this Agreement. If an ambiguity or question of intent or
      interpretation arises with respect to any term or provision of this Agreement,
      this Agreement shall be construed as if drafted jointly by the parties hereto,
      and no presumption or burden of proof shall arise favoring or disfavoring any
      party hereto by virtue of the authorship of any of the terms or provisions
      hereof.

     

    (j) Counterparts.
      This
      Agreement may be executed in one or more counterparts, each of which shall
      be
      deemed an original but all of which taken together shall constitute one and
      the
      same instrument.

     

     

    
 

    [Signature
      page follows]

    
      
        
        

      

      
        19

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the Executive has hereunto set the Executive’s hand and the
      Employer has caused these presents to be executed in its name on its behalf,
      all
      as of the day and year first above written.

     

    
       

      
        	EXECUTIVE 	 	 
	 	 	 
	 	 	 
	/s/ Randall Breitenbach  	 	 
	
                
Randall
                Breitenbach  	 	 
	 	 	 
	 	 	 
	 	PRO
                GP
                CORP.
	 
 	 
 	 
 
	
              	By:  	/s/ Halbert
                S. Washburn
	 	
                
Name:
                Halbert S. Washburn
	 	Title:  
                Co-Chief Executive Officer

      

       

      
        	 	 	 
	 	BREITBURN
                MANAGEMENT COMPANY, LLC
	 
 	 
 	 
 
	
              	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

        

      

       

    

     

    
      
        
        

      

      
        20

        
          

        

      

      
        
        

      

    

    EXHIBIT
      A

    

    DEFINITIONS

     

    “2007
      MLP Phantom Units”
has
      the
      meaning assigned thereto in Section 3(b)(iii)(B) hereof.

     

    “AAA”
has
      the
      meaning assigned thereto in Section 11(b) hereof.

     

    “Accrued
      Obligations”
has
      the
      meaning assigned thereto in Section 5(a)(i) hereof.

     

    “Agreement”
has
      the
      meaning assigned thereto in the Recitals hereof.

     

    “Annual
      Bonus”
has
      the
      meaning assigned thereto in Section 3(b)(ii) hereof.

     

    “Base
      Salary”
has
      the
      meaning assigned thereto in Section 3(b)(i) hereof.

     

    “BBGP”
has
      the
      meaning assigned thereto in the Recitals hereof.

     

    “BECLP”
has
      the
      meaning assigned thereto in Exhibit
      C
      hereto.

     

    “BECLP
      Phantom Unit”
has
      the
      meaning assigned thereto in Exhibit
      C
      hereto.

     

    “BMC”
has
      the
      meaning assigned thereto in the Recitals hereof.

     

    “Board”
or
      “Boards”
has
      the
      meaning assigned thereto in Section 3(a)(i) hereof.

     

    “Bonus
      Amount”
has
      the
      meaning assigned thereto in Section 5(a)(ii)(A) hereof.

     

    “BreitBurn
      Entity”
has
      the
      meaning assigned thereto in Section 3(a)(i) hereof.

     

    “BreitBurn
      Partners”
means
      BreitBurn Energy Partners, L.P., a Delaware limited partnership.

     

    “Cause”
means
      the following:

     

    (i) the
      willful and continued failure of the Executive to perform substantially the
      Executive’s duties for the Employer or any BreitBurn Entity (as described in
      Section 3(a) hereof) (other than any such failure resulting from incapacity
      due
      to physical or mental illness), after a written demand for substantial
      performance is delivered to the Executive by the Employer (after a vote to
      this
      effect by a majority of the Board) which specifically identifies the manner
      in
      which the Board believes that the Executive has not substantially performed
      the
      Executive’s duties and the Executive is given a reasonable opportunity of not
      more than twenty (20) business days to cure any such failure to substantially
      perform;

    
      
        
        

      

      
        21

        
          

        

      

      
        
        

      

    

    (ii) the
      willful engaging by the Executive in illegal conduct or gross misconduct, in
      each case which is materially and demonstrably injurious to the Employer or
      any
      BreitBurn Entity; or

     

    (iii) (A)
      any
      act of fraud, or material embezzlement or material theft by the Executive,
      in
      each case, in connection with the Executive’s duties hereunder or in the course
      of the Executive’s employment hereunder or (B) the Executive’s admission in any
      court, or conviction, or plea of nolo contendere, of a felony involving moral
      turpitude, fraud, or material embezzlement, material theft or material
      misrepresentation, in each case, against or affecting the Employer or any
      BreitBurn Entity.

     

    For
      purposes of this provision, no act or failure to act, on the part of the
      Executive, shall be considered “willful” unless it is done, or omitted to be
      done, by the Executive in bad faith or without reasonable belief that the
      Executive’s action or omission was in the best interests of the Employer or any
      BreitBurn Entity. Any act, or failure to act, based upon authority given
      pursuant to a resolution duly adopted by the Employer, including, without
      limitation, the Board, or based upon the advice of counsel for the Employer
      shall be conclusively presumed to be done, or omitted to be done, by the
      Executive in good faith and in the best interests of the Employer and the
      BreitBurn Entities. Notwithstanding the foregoing, termination of the
      Executive’s employment shall not be deemed to be for Cause unless and until
      there shall have been delivered to the Executive a copy of a resolution of
      the
      Board duly adopted by an affirmative vote of the Board at a meeting of the
      Board
      held for such purpose (after reasonable notice is provided to the Executive
      and
      the Executive is given an opportunity, together with counsel for the Executive,
      to be heard before the Board), finding that, in the good faith opinion of the
      Board, the Executive is guilty of the conduct described in clauses (i), (ii)
      or
      (iii) above, and specifying the particulars thereof in detail; provided,
      that if
      the Executive is a member of the Board, the Executive shall not vote on such
      resolution nor shall the Executive be counted.

     

    “COBRA
      Period”
has
      the
      meaning assigned thereto in Section 5(a)(ii)(B) hereof.

     

    “Code”
means
      the Internal Revenue Code of 1986, as amended and any regulations or other
      official guidance promulgated thereunder.

     

    “Commencement
      Date”
has
      the
      meaning assigned thereto in Section 2 hereof.

     

    “CPU
      Acceleration Percentage”
has
      the
      meaning assigned thereto in Section 5(a)(ii)(D) hereof.

     

    “CPUs”
has
      the
      meaning assigned thereto in Section 3(b)(iii) hereof.

     

    “Date
      of Termination”
means
      (i) if the Executive’s employment is terminated by the Employer without Cause,
      or by the Executive with or without Good Reason, other than due to death or
      Disability, the date specified in accordance with applicable provisions of
      this
      Agreement in the Notice of Termination (which date shall not be more than thirty
      days after the giving of such notice), provided,
      that
      any notice period may be waived by the Employer without compensation in lieu
      thereof upon the Executive’s election to terminate employment with or without
      Good Reason; (ii) if the Executive’s employment is terminated by reason of the
      Executive’s death or Disability, the date of the Executive’s death or the
      thirtieth day following notification by the Employer of termination due to
      Disability in accordance with Section 4(a) hereof, as the case may
      be;
      (iii) if a notice of non-renewal of the Employment Period is provided by any
      party in accordance with Section 2 of this Agreement (and the Executive elects
      to terminate his employment immediately following the expiration of the
      Employment Period), the last day of the Employment Period; or (iv) any other
      date mutually agreed to by the parties hereto.

     

    
      
        
        

      

      
        22

        
          

        

      

      
        
        

      

    

    “Death/Disability
      Payments”
has
      the
      meaning assigned thereto in Section 5(c)(ii) hereof. 

     

    “Disability”
shall
      mean a “disability” within the meaning of Code Section 409A. 

     

    “Employer”
has
      the
      meaning assigned thereto in the Recitals hereof.

     

    “Employment
      Period”
has
      the
      meaning assigned thereto in Section 2 hereof.

     

    “Executive”
has
      the
      meaning assigned thereto in the Recitals hereof.

     

    “Good
      Reason”
means
      the occurrence of any of the following without the Executive’s written
      consent:

     

    
      	 	
              (i)

            	
              a
                material diminution in the Executive’s Base
                Salary;

            

    

    

    
      	 	
              (ii)
                

            	
              a
                material diminution in the Executive’s authority, duties, or
                responsibilities;

            

    

    

    
      	 	
              (iii)
                

            	
              a
                material diminution in the authority, duties, or responsibilities
                of the
                supervisor to whom the Executive is required to
                report;

            

    

    

    
      	 	
              (iv)
                

            	
              a
                material diminution in the budget over which the Executive retains
                authority;

            

    

    

    
      	 	
              (v)
                

            	
              a
                material change in the geographic location at which the Executive
                must
                perform services under this Agreement;
                or

            

    

    

    
      	 	
              (vi)
                

            	
              any
                other action or inaction that constitutes a material breach by the
                Employer of this Agreement, including without limitation, a material
                breach of Section 3(a)(v) hereof;

            

    

    

    provided,
      that
      the Executive’s resignation shall only constitute a resignation for “Good
      Reason” hereunder if (a) the Executive provides the Employer with written notice
      setting forth the specific facts or circumstances constituting Good Reason
      within thirty days after the initial existence of such facts or circumstances,
      (b) the Employer has failed to cure such facts or circumstances within thirty
      days after receipt of such written notice, and (c) the date of the Executive’s
      Separation from Service occurs no later than seventy-five days after the initial
      occurrence of the event constituting Good Reason. 

    

    “JAMS”
has
      the
      meaning assigned thereto in Section 11(b) hereof.

     

    “LTIP
      Award Agreements”
has
      the
      meaning assigned thereto in Section 3(b)(iii)(A) hereof.

    
      
        
        

      

      
        23

        
          

        

      

      
        
        

      

    

    “MLP
      Phantom Units Consideration”
has
      the
      meaning assigned thereto in Section 3(b)(iii)(B) hereof.

     

    “Notice
      of Termination”
means
      a
      written notice which (i) indicates the specific termination provision in this
      Agreement relied upon; (ii) to the extent applicable, sets forth in reasonable
      detail the facts and circumstances claimed to provide a basis for termination
      of
      the Executive’s employment under the provision so indicated; and (iii) if the
      Date of Termination is other than the date of receipt of such notice, specifies
      the termination date (which date shall be not more than thirty (30) days after
      the giving of such notice). 

     

    “Performance
      Objectives”
has
      the
      meaning assigned thereto in Section 3(b)(iii)(A) hereof.

     

    “Plan”
has
      the
      meaning assigned thereto in Section 3(b)(iii)(A) hereof

     

    “Post-Termination
      Extension”
has
      the
      meaning assigned thereto in Section 5(d)(i)(A) hereof.

     

    “Prior
      Agreement”
has
      the
      meaning assigned thereto in the Recitals hereof.

     

    “Provident”
has
      the
      meaning assigned thereto in Section 9(b) hereof.

     

    “PROGP”
has
      the
      meaning assigned thereto in the Recitals hereof.

     

    “Release”
has
      the
      meaning assigned thereto in Section 5(a)(ii) hereof.

     

    “RPUs”
has
      the
      meaning assigned thereto in Section 3(b)(iii)(A) hereof.

     

    “Separation
      from Service”
means
      the Executive’s “separation from service” from the Employer within the meaning
      of Code Section 409A(a)(2)(A)(i).

     

    “Severance”
has
      the
      meaning assigned thereto in Section 5(a)(ii) hereof.

     

    “Unit”
shall
      have the meaning assigned thereto in the Plan. 

    
      
        
        

      

      
        24

        
          

        

      

      
        
        

      

    

    EXHIBIT
      B

     

    FORM
      OF RELEASE

     

    For
      valuable consideration, the receipt and adequacy of which are hereby
      acknowledged, the undersigned does hereby release and forever discharge the
      “Releasees”
      hereunder, consisting of BreitBurn Management Company, LLC, Pro GP Corp.,
      BreitBurn GP, LLC (the
      “Company”),
      and
      each of the Company’s partners, associates, affiliates, subsidiaries,
      successors, heirs, assigns, agents, directors, officers, employees,
      representatives, and all persons acting by, through, or under them, or any
      of
      them, of and from any and all manner of action or actions, cause or causes
      of
      action, in law or in equity, suits, debts, liens, contracts, agreements,
      promises, liability, claims, demands, damages, losses, costs, attorneys’ fees or
      expenses, of any nature whatsoever, known or unknown, fixed or contingent
      (“Actions”),
      which
      the undersigned now has or may hereafter have against the Releasees, or any
      of
      them, by reason of any matter, cause, or thing whatsoever arising from the
      beginning of time to the date hereof (hereinafter called “Claims”),
      provided,
      however,
      that
      Claims shall not include any such Actions against any person or entity other
      than the Company, its subsidiaries, affiliates, successors or assigns, in any
      case, that is not properly the subject of defense and/or indemnity by the
      Company (determined without regard to whether the Company actually defends
      or
      indemnifies such action or cause of action) (the “Excluded
      Claims”).

     

    The
      Claims released herein include, without limiting the generality of the
      foregoing, any Claims in any way arising out of, based upon, or related to
      the
      undersigned’s employment by the Releasees, or any of them, or the termination
      thereof; any claim for wages, salary, commissions, bonuses, incentive payments,
      profit-sharing payments, expense reimbursements, leave, vacation, severance
      pay
      or other benefits; any claim for benefits under any stock option, restricted
      stock or other equity-based incentive plan of the Releasees, or any of them
      (or
      any related agreement to which any Releasee is a party); any alleged breach
      of
      any express or implied contract of employment; any alleged torts or other
      alleged legal restrictions on Releasee’s right to terminate the employment of
      the undersigned; and any alleged violation of any federal, state or local
      statute or ordinance including, without limitation, Title VII of the Civil
      Rights Act of 1964, the Age Discrimination in Employment Act, the Equal Pay
      Act,
      the Family Medical Leave Act, the Americans With Disabilities Act, the Employee
      Retirement Income Security Act, the National Labor Relations Act, the California
      Labor Code, the California Family Rights Act and the California Fair Employment
      and Housing Act, each as amended. Notwithstanding the foregoing, this Release
      shall not operate to release any rights or claims (and such rights or claims
      shall not be included in the definition of “Claims”) of the undersigned (i) with
      respect to payments or benefits under Section 5 of that certain Employment
      Agreement, dated as of December 31, 2007, between BreitBurn Management
      Company, LLC, Pro GP Corp., BreitBurn GP, LLC and the undersigned (the
“Employment
      Agreement”),
      (ii)
      with respect to Sections 7, 10 and 11 of the Employment Agreement, (iii) to
      accrued or vested benefits he may have, if any, under any applicable plan,
      policy, program, arrangement or agreement of any BreitBurn Entity (as defined
      in
      the Employment Agreement), including, without limitation, pursuant to any equity
      or long-term incentive plans, programs or agreements, (iv) to indemnification
      and/or advancement of expenses pursuant to the corporate governance documents
      of
      any BreitBurn Entity or applicable law, or the protections of any director’ and
officers’
      liability policies of any BreitBurn Entity, (v) with respect to claims which
      arise after the date the undersigned executes this Release, or (vi) with respect
      to any Excluded Claims.

     

    
      
        
        

      

      
        25

        
          

        

      

      
        
        

      

    

    THE
      UNDERSIGNED ACKNOWLEDGES THAT HE HAS BEEN ADVISED BY LEGAL COUNSEL AND IS
      FAMILIAR WITH THE PROVISIONS OF CALIFORNIA CIVIL CODE SECTION 1542, WHICH
      PROVIDES AS FOLLOWS:

     

    “A
      GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW
      OR
      SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE,
      WHICH
      IF KNOWN BY HIM OR HER MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT
      WITH
      THE DEBTOR.”

     

    THE
      UNDERSIGNED, BEING AWARE OF SAID CODE SECTION, HEREBY EXPRESSLY WAIVES ANY
      RIGHTS HE MAY HAVE THEREUNDER, AS WELL AS UNDER ANY OTHER STATUTES OR COMMON
      LAW
      PRINCIPLES OF SIMILAR EFFECT.

     

    IN
      ACCORDANCE WITH THE OLDER WORKERS BENEFIT PROTECTION ACT OF 1990, THE
      UNDERSIGNED IS HEREBY ADVISED AS FOLLOWS:

     

    (1)  HE
      HAS
      THE RIGHT TO CONSULT WITH AN ATTORNEY BEFORE SIGNING THIS RELEASE;

     

    (2)  HE
      HAS
      FORTY-FIVE (45) DAYS FROM HIS SEPARATION FROM SERVICE (AS DEFINED IN THE
      EMPLOYMENT AGREEMENT) TO CONSIDER THIS RELEASE BEFORE SIGNING IT;
      AND

     

    (3)  HE
      HAS
      SEVEN (7) DAYS AFTER SIGNING THIS RELEASE TO REVOKE IT, AND THIS RELEASE WILL
      BECOME EFFECTIVE UPON THE EXPIRATION OF THAT REVOCATION PERIOD.

     

    The
      undersigned represents and warrants that there has been no assignment or other
      transfer of any interest in any Claim which he may have against Releasees,
      or
      any of them, and the undersigned agrees to indemnify and hold Releasees, and
      each of them, harmless from any liability, Claims, demands, damages, costs,
      expenses and attorneys’ fees incurred by Releasees, or any of them, as the
      result of any such assignment or transfer or any rights or Claims under any
      such
      assignment or transfer.  It is the intention of the parties that this
      indemnity does not require payment as a condition precedent to recovery by
      the
      Releasees against the undersigned under this indemnity.

     

    The
      undersigned agrees that if he hereafter commences any suit arising out of,
      based
      upon, or relating to any of the Claims released hereunder or in any manner
      asserts against Releasees, or any of them, any of the Claims released hereunder,
      then the undersigned shall pay to Releasees, and each of them, in addition
      to
      any other damages caused to Releasees thereby, all attorneys’ fees incurred by
      Releasees in defending or otherwise responding to said suit or Claim.

    
      
        
        

      

      
        26

        
          

        

      

      
        
        

      

    

    Nothing
      herein shall prevent the undersigned from raising or asserting any defense
      in
      any suit, claim, proceeding or investigation brought
      by any of the Releasees, and by raising or asserting any such defense, the
      undersigned shall not become obligated to pay attorneys’ fees under
      this
      paragraph.

     

    The
      undersigned further understands and agrees that neither the payment of any
      sum
      of money nor the execution of this Release shall constitute or be construed
      as
      an admission of any liability whatsoever by the Releasees, or any of them,
      who
      have consistently taken the position that they have no liability whatsoever
      to
      the undersigned.

     

    The
      undersigned acknowledges that different or additional facts may be discovered
      in
      addition to what is now known or believed to be true by him with respect to
      the
      matters released in this Agreement, and the undersigned agrees that this
      Agreement shall be and remain in effect in all respects as a complete and final
      release of the matters released, notwithstanding any different or additional
      facts.

     

    IN
      WITNESS WHEREOF, the undersigned has executed this Release this ____ day of
      ___________________, 20__.

     

    
      	 	 	 	 
	
            	 	 	
            
	
            	 	 	
              
[NAME]
	 	 	 	 

    

     

     

    
      
        
        

      

      
        27

        
          

        

      

      
        
        

      

    

    

    EXHIBIT
      C

     

    BECLP
      PHANTOM UNITS

     

    Capitalized
      terms used but not otherwise defined in this Exhibit C shall have the meanings
      assigned thereto in that certain Second Amended and Restated Employment
      Agreement by and between BreitBurn Management Company, LLC, Pro GP Corp.
      (“PROGP”),
      BreitBurn GP, LLC and Halbert Washburn, to which this Exhibit C is annexed
      (the
“Agreement”).

     

    1. Pursuant
      to Section 3(b)(iii)(C) of the Agreement, the Employer shall grant or cause
      the
      grant of BECLP Phantom Units (as defined below) to the Executive on the
      following terms and conditions. 

     

    2. Effective
      as of the first (1st) day of each fiscal year of the Employer (currently the
      calendar year) during the Employment Period (each such date, a “Grant
      Date”),
      PROGP
      shall grant or cause the grant to the Executive one BECLP Phantom Unit.

     

    3. (i)
      A
“BECLP
      Phantom Unit”
shall
      mean a hypothetical, nonexistent unit of Partnership Interests (as defined
      in
      the BECLP Partnership Agreement) equal to the lesser of (a) a Percentage
      Interest (as defined in the BECLP Partnership Agreement) equal to one and
      one-half percent (1.5%) of the total outstanding Partnership Interests as of
      the
      applicable Grant Date or (b) a Percentage Interest that has a value equal to
      the
      Applicable Dollar Amount (as defined below) as of the applicable Grant Date,
      determined on the basis of the BECLP Valuation (defined in Section 6.6.1 of
      the
      BECLP Partnership Agreement) for the Grant Date for each grant;

     

    (ii) If
      the
      BECLP Valuation on the applicable Grant Date exceeds $500,000,000, then the
      Applicable Dollar Amount with respect to a BECLP Phantom Unit shall equal
      $7,500,000. If the BECLP Valuation on the applicable Grant Date does not exceed
      $500,000,000, then the Applicable Dollar Amount for BECLP shall be equal to
      the
      value of the one and one-half percent (1.5%) Percentage Interest applicable
      for
      BECLP on such Grant Date.

     

    As
      used
      herein, the BECLP Partnership Agreement shall mean the partnership agreement,
      as
      amended, for BreitBurn Energy Company L.P. (“BECLP”).
      

     

    4. Each
      BECLP Phantom Unit shall represent the right to receive a payment (the
“BECLP Phantom
      Unit Payment”)
      equal
      to the difference between (a) the sum of (i) the Value of the BECLP Phantom
      Unit
      (as defined below) as of the Determination Date (as defined below) and (ii)
      the
      amount of distributions of cash or property (with respect to a property
      distribution, valued by the Board of Directors of the general partner of BECLP
      at fair market value and in good faith) made by BECLP to its partners during
      the
      period (the “Option
      Period”)
      beginning on the applicable Grant Date and ending on the applicable
      Determination Date that the Executive would have been entitled to receive during
      the Option Period if he had actually owned the Partnership Interests represented
      by the BECLP Phantom Unit during the entire Option Period, and (b) one hundred
      and eight percent (108%) of the Value of the BECLP Phantom Unit as of the
      applicable Grant Date. In no event shall the amount of a BECLP Phantom Unit
      Payment be a negative number or in any way affect the amount of the Executive’s
      compensation under the Agreement or any subsequent BECLP Phantom Unit granted
      hereunder.

    
      
        
        

      

      
        28

        
          

        

      

      
        
        

      

    

    5. The
      “Value
      of the BECLP Phantom Unit”
as
      of
      any date, with respect to a BECLP Phantom Unit, shall be equal to the value,
      determined on the basis of the BECLP Valuation as of that date of the
      Partnership Interests underlying the BECLP Phantom Unit as set forth in
      paragraph 3 above. 

     

    6. The
      “Determination
      Date”
with
      respect to a BECLP Phantom Unit shall be the last day of BECLP’s fiscal year
      (currently, December 31), except in the event of the termination of the
      Executive’s employment with the Employer prior to the end of BECLP’s fiscal
      year, in which case the Determination Date shall be the Date of
      Termination.

     

    7. The
      BECLP
      Phantom Unit Payment shall be made in cash; however, the Executive may elect
      to
      receive such BECLP Phantom Unit Payment all in “restricted” phantom BECLP
      Partnership Units (notional units representing a corresponding partnership
      interest in BECLP) with such restrictions concerning payments and transfers
      as
      may be applicable to similar phantom awards under other long-term incentive
      plans of the Employer, in cash or in any combination thereof. The BECLP Phantom
      Unit Payment shall be made to the Executive, or to his beneficiaries, heirs
      or
      estate in the event of his death, as soon as practicable, but in no event more
      than sixty (60) days after the Determination Date.

     

    8. Subject
      to Section 9 below, the Executive shall acquire a vested and non-forfeitable
      interest in the BECLP Phantom Unit as of the last day of BECLP’s fiscal year if
      the Executive is employed by the Employer on such day.

     

    9. In
      the
      event of the termination of the Executive’s employment by the Employer without
      Cause, by the Executive for Good Reason, or by reason of the Executive’s death
      or Disability, (a) the Executive shall acquire a vested and non-forfeitable
      interest in the BECLP Phantom Unit as of the Date of Termination, (b) the Option
      Period shall end on the Date of Termination and (c) the BECLP Phantom Unit
      Payment shall be made as soon as practicable, but in no event more than sixty
      (60) days after the Date of Termination. In the event of the termination of
      the
      Executive’s employment with the Employer by the Employer for Cause or by the
      Executive without Good Reason, the Executive shall forfeit the BECLP Phantom
      Unit as of the Date of Termination and the Employer and BECLP shall have no
      further obligations to the Executive with respect to such BECLP Phantom
      Unit.

     

    10. Upon
      payment of the BECLP Phantom Unit Payment with respect to a BECLP Phantom Unit,
      such BECLP Phantom Unit shall automatically terminate and be of no further
      force
      or effect.

     

    11. The
      Employer shall withhold or shall cause to be withheld all applicable income
      taxes and employment taxes from the BECLP Phantom Unit Payment as may be
      required by law.

     

    12. The
      BECLP
      Phantom Unit, or any interest in it, shall not be assignable by the Executive
      and shall not be subject to attachment, lien, levy or other creditors’ rights
      under state or Federal law. The BECLP Phantom Unit Payments shall be payable
      from the general assets of the Employer or BECLP, as the case may be, or
      pursuant to such other means as they deem appropriate, and the Executive shall
      not be entitled to look to any source for payment of such benefits other than
      the general assets of the Employer or BECLP, as the case may be.

    

    
      
        
        

      

      
        29Exhibit
      10.34

     

    EMPLOYMENT
      AGREEMENT

     

    THIS
      AGREEMENT, dated as of January 29, 2008 (together with any Exhibits hereto,
      the
“Agreement”),
      is
      entered into by and between BreitBurn Management Company, LLC (“BMC”),
      Pro
      GP Corp. (“PROGP”),
      BreitBurn GP, LLC ( “BBGP”),
      and
      Gregory C. Brown (the “Executive”).
      As
      used herein, the term “Employer”
shall
      be deemed to refer to BMC, PROGP, and/or BBGP, as the context
      requires.

     

    WHEREAS,
      the Executive and the Employer wish to continue their existing employment
      relationship; and

     

    WHEREAS,
      the Employer and the Executive wish to enter into an Employment Agreement,
      in
      the capacities and on the terms set forth in this Agreement.

     

    NOW,
      THEREFORE, IT IS HEREBY AGREED AS FOLLOWS:

     

    1. Definitions.
      All
      capitalized terms not defined herein shall have the meanings set forth in
Exhibit
      A
      hereto.

     

    2. Employment
      Period.
      The
      Employer hereby agrees to continue to employ the Executive, and the Executive
      hereby agrees to continue such employment, subject to the terms and conditions
      of this Agreement, during the period (the “Employment
      Period”)
      beginning on January 1, 2008 (the “Commencement
      Date”)
      and
      ending on January 1, 2011 or such earlier date upon which the Executive’s
      employment is terminated as provided herein. Provided that the Employment Period
      has not already terminated, commencing on January 1, 2011 (and each January
      1
      thereafter), the term of this Agreement shall automatically be extended for
      one
      additional year, unless at least ninety days prior to any such January 1, the
      Employer or the Executive gives written notice to the other party that it or
      he,
      as the case may be, does not wish to so extend the term of this Agreement.
      Notwithstanding the foregoing, the Employment Period shall end on the Date
      of
      Termination.

     

    3. Terms
      of Employment.
      

     

    (a)
       Position
      and Duties.
      

     

    (i)
       Position.
      During
      the Employment Period, the Executive shall be employed as the Executive Vice
      President (Land, Legal and Government Relations) and General Counsel of the
      Employer (“EVP/General
      Counsel”),
      with
      the usual and customary duties of such office in entities of a similar nature
      and size. The Executive shall also serve subsidiaries and affiliates of the
      Employer in such other capacities, in roles consistent with his position as
      EVP/General Counsel, in addition to the foregoing as the Employer shall
      designate, and the Executive shall have such other duties, responsibilities
      and
      authority as the Boards of Directors of BMC, BBGP or PROGP, as applicable (the
      “Board”
or
      “Boards”
as
      the
      context requires)
      may
      specify from time to time, in each case, in roles consistent with his position
      as EVP/General Counsel. In no event shall the Executive be entitled to any
      additional compensation (from the Employer
      or otherwise) for services rendered to any other affiliate of the Employer
      (the
      Employer and any other affiliated entities for which the Executive provides
      such
      services, the “BreitBurn
      Entities”).
      The
      Executive shall report directly to the Co-Chief Executive Officers of the
      Employer.

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

    (ii) Exclusivity.
      During
      the Employment Period, and excluding any periods of vacation and sick leave
      to
      which the Executive is entitled under this Agreement, the Executive shall devote
      substantially full-time attention and time during normal business hours to
      the
      business and affairs of the BreitBurn Entities consistent with Section 3 hereof.
      During the Employment Period it shall not be a violation of this Agreement
      for
      the Executive to (A) carry on other non-competitive business ventures with
      the
      consent of the Employer or its nominee (not to be unreasonably withheld), (B)
      serve on the boards or committees of such ventures or trade associations or
      civic or charitable organizations or to engage in activities with such entities,
      (C) deliver lectures, fulfill speaking engagements or teach at educational
      institutions and (D) manage personal investments, so long as such activities
      do
      not significantly interfere with the performance of the Executive’s
      responsibilities as an employee of the Employer in accordance with this
      Agreement. The Executive shall be entitled to retain all compensation
      attributable to activities permitted under this Section 3(a)(ii).

     

    (iii) Allocation
      of Costs.
      The
      respective Boards shall use their best efforts to resolve any ambiguities or
      conflicts as to their respective obligations to the Executive under this
      Agreement. The cost of the Executive’s compensation and benefits shall be paid
      by BMC with the other Employer entities reimbursing BMC for their portion of
      such costs that are allocable to them on the basis of the Executive’s estimated
      time devoted to their respective businesses or on such other basis as the
      Employer entities may mutually agree, provided,
      that
      costs associated with the RPUs and CPUs shall be borne by BBGP. Notwithstanding
      the foregoing, each of BMC, PROGP, and/or BBGP shall be jointly and severally
      liable for the performance of the obligations of the Employer
      hereunder.

     

    (iv) Location.
      The
      Executive’s services shall be performed at the Headquarters of the Employer, and
      such location shall be in the Greater Los Angeles metropolitan area.
      Notwithstanding the foregoing, the Employer may from time to time require the
      Executive to travel temporarily to other locations on the business of the
      Employer (and/or other BreitBurn Entities).

     

    (v) Operation
      of the Business.
      It is
      the Employer’s current intent to continue conducting its business in a manner
      that would not impede the attainment of the Performance Objectives applicable
      to
      the CPUs, provided that the parties acknowledge that any action or inaction
      by
      the Board (or any other person owing a fiduciary duty to the Employer) with
      respect to the conduct of the Employer’s business must be consistent with the
      Board’s or such person’s view of applicable fiduciary duties and law.
      Accordingly, the Employer agrees that, provided that its actions and inactions
      are consistent with applicable fiduciary duties and law, the Employer shall
      not
      take any action (or permit any inaction) that materially impedes the attainment
      of the Performance Objectives applicable to the CPUs. Notwithstanding the
      foregoing, nothing contained in this Section 3(a)(v) nor any breach thereof
      shall create any right in the Executive (or any successor in interest to the
      Executive) to enjoin, preclude, constrain or otherwise interfere with any lawful
      action taken by or on behalf of the Employer, whether by injunction,
      restraining order, other equitable relief or otherwise or shall serve as the
      basis for any claim by the Executive for any punitive, consequential or
      incidental damages, and the Executive hereby agrees that his sole remedy for
      a
      breach of this Section 3(a)(v) shall be limited to the payments and benefits
      to
      which he may be entitled under the terms of this Agreement in the event that
      he
      terminates his employment for Good Reason. 

    

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    (b) Compensation.
      

     

    (i)
       Base
      Salary.
      During
      the Employment Period, the Executive shall receive a base salary (the
“Base
      Salary”)
      at an
      annual rate of $300,000, as the same may be increased (but not decreased)
      thereafter in the discretion of the Employer. The Base Salary shall be paid
      at
      such regular intervals as the Employer pays executive salaries generally, but
      in
      no event less frequently than monthly. During the Employment Period, the Base
      Salary shall be reviewed at least annually by the Employer for possible increase
      in the discretion of the Employer. Any increase in the Base Salary shall not
      serve to limit or reduce any other obligation to the Executive under this
      Agreement. The Base Salary shall not be reduced after any such increase, and
      the
      term Base Salary as utilized in this Agreement shall refer to the Base Salary
      as
      so increased.

     

    (ii) Short-Term
      Incentives.
      For
      each calendar year ending during the Employment Period, the Executive shall
      be
      eligible to participate in the Employer’s short-term incentive plan at the
      Executive Vice President level and to earn an annual cash bonus based on the
      achievement of performance criteria established by the Board as soon as
      administratively practicable following the beginning of each such year (the
      “Annual
      Bonus”).
      For
      each calendar year during the Employment Period, (A) the target Annual Bonus
      shall be an amount equal to 75% of the Executive’s Base Salary, and (B) the
      maximum Annual Bonus shall be an amount equal to 150% of the Executive’s Base
      Salary. The Employer shall pay the Annual Bonus (if any) for each such calendar
      year in a single, cash, lump sum after the end of the applicable calendar year
      in accordance with procedures established by the Board, but in no event later
      than the fifteenth day of the third month following the end of such calendar
      year, subject to and conditioned upon the Executive’s continued employment with
      the Employer through the date of payment of such Annual Bonus. 

     

    (iii) Long
      Term Incentives.
      As soon
      as practicable following the Commencement Date, BBGP shall grant to the
      Executive, under the BreitBurn Energy Partners L.P. 2006 Long-Term Incentive
      Plan (the “Plan”),
      (i)
      an aggregate of 32,044 Restricted Phantom Units (consisting of an initial grant
      of 24,344 Restricted Phantom Units and a grant with respect to calendar year
      2008 of 7,700 Restricted Phantom Units) (together, the “RPUs”)
      which
      shall vest and convert into Units, subject to Section 5 below, as to one-third
      of the RPUs on each of January 1, 2009, January 1, 2010 and January 1, 2011,
      subject in each case to the Executive’s continued employment with the Employer
      through each such date; and (ii) 77,000 Convertible Performance Units (the
      “CPUs”)
      which
      shall convert into Units, subject to the attainment of applicable performance
      objectives and Section 5 below, on the earlier to occur of (A) the attainment
      of
      the specified performance metrics adopted by the Board in resolutions dated
      December 26, 2007 (the “Performance
      Objectives”),
      or
      (B) January 1, 2013, subject to the Executive’s continued employment with the
      Employer through any such date (except as provided in Section 5 below).
      Outstanding RPUs and CPUs shall generally entitle the Executive to receive
      payments in an amount equal to distributions made in respect of the Units
      underlying such awards at such time and in such amounts as distributions are
      received by the holders of Units generally (and, in the case of the CPUs, such
      payments shall be subject to recoupment by BBGP in the event that such payments
      exceed the level of distribution equivalent payments to which the Executive
      is
      ultimately entitled in respect of the CPUs, based on the level at which the
      Performance Objectives are attained). Except as expressly provided in Section
      5(d)(ii) below, conversion to, and payment to the Executive of, the Units
      underlying CPUs shall occur upon or as soon as practicable following the vesting
      of any such CPUs (whether pursuant to this Section 3(b)(iii) or Section 5
      below), but in no event later than the applicable “short-term deferral period”
(within the meaning of Code Section 409A). The
      terms
      and conditions of the RPUs and the CPUs, including without limitation, any
      provisions relating to cash distributions, performance or other vesting
      conditions and restrictions thereon, shall, consistent with the terms provided
      in this Agreement, be set forth in RPU and CPU award agreements, as applicable,
      in forms prescribed by the Employer or BBGP (together, the “LTIP
      Award Agreements”).
      The
      RPUs and the CPUs shall be governed by the terms of the Plan and the applicable
      LTIP Award Agreements. The Executive shall be eligible to receive additional
      awards under the Plan and to participate in any future long-term incentive
      programs available generally to the Peer Executives in the future, both as
      determined in the sole discretion of the Board of Directors of BBGP.

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    (iv) Benefit
      Plans and Policies.
      During
      the Employment Period, the Executive and the Executive’s eligible dependents
      shall be eligible to participate in the savings and retirement plans and
      policies, welfare plans and policies (including, without limitation, medical
      and
      dental) and fringe benefit plans and policies of the Employer, in each case,
      that are made generally available to the Peer Executives on a basis no less
      favorable than that provided generally to the Peer Executives. Notwithstanding
      the foregoing, nothing herein shall, or shall be construed so as to, require
      the
      Employer to adopt or continue any plan or policy or to limit the Employer’s
      right to amend or terminate any such plan or policy at any time.

     

    (v) Automobile.
      During
      the Employment Period, the Employer shall pay directly, or the Executive shall
      be entitled to receive prompt reimbursement of, actual expenses of up to $1,000
      per month associated with the lease or purchase of an automobile, in addition
      to
      which the Employer shall pay or reimburse expenses related to the maintenance
      and operation of such automobile in accordance with the Employer’s automobile
      reimbursement policy applicable to the Peer Executives, as in effect from time
      to time.

     

    (vi) Expenses.
      During
      the Employment Period, the Executive shall be entitled to receive prompt
      reimbursement for reasonable expenses incurred by the Executive on behalf of
      or
      in furtherance of the business of any BreitBurn Entity pursuant to the terms
      and
      conditions of the Employer’s applicable expense reimbursement policies. Such
      expenses shall include Bar association fees and dues, reasonable mandatory
      continuing legal education expenses and costs for online or hard copy access
      to
      legal publications and materials necessary to the Executive’s performance
      hereunder. To the extent that any such expenses or any other reimbursements
      or
      fringe benefits provided to the Executive during the Employment Period are
      deemed to constitute compensation to the Executive, including without limitation
      any automobile expenses and/or club memberships reimbursed in accordance with
      Section 3(b)(v) above and 3(b)(viii) below, respectively, such expenses shall
      be
      reimbursed no later than December 31 of the year following the year in which
      the
      expense was incurred. The amount of any such compensatory
      expenses so reimbursed in one year shall not affect the amount eligible for
      reimbursement in any subsequent year and the Executive’s right to reimbursement
      of any such expenses shall not be subject to liquidation or exchange for any
      other benefit. 

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    (vii) Vacation.
      During
      the Employment Period, the Executive shall be entitled to paid vacation in
      accordance with the Employer’s applicable vacation policy, but in no event less
      than four (4) weeks per year.

     

    (viii) City
      Club Membership.
      During
      the Employment Period, the Employer shall pay all initiation fees, monthly
      dues,
      and reasonable expenses incurred for business-related use of one city, athletic
      or dining club. The Executive’s membership shall be the property of the
      Executive.

     

    4. Termination
      of Employment.
      

     

    (a)
       Death
      or Disability.
      The
      Executive’s employment with the Employer shall terminate automatically upon the
      Executive’s death. In addition, if the Board determines in good faith that the
      Executive has incurred a Disability, it may terminate the Executive’s employment
      upon thirty days’ written notice provided in accordance with Section 13(b)
      hereof if the Executive shall not have returned to full-time performance of
      the
      Executive’s duties hereunder prior to the expiration of such thirty-day notice
      period. 

     

    (b) Cause.
      The
      Employer may terminate the Executive’s employment for Cause or without Cause at
      any time, provided,
      that
      the Employer may not terminate the Executive’s employment for Cause prior to
      obtaining the requisite approval of the Board as required by the definition
      of
“Cause.”

     

    (c) Good
      Reason.
      The
      Executive may terminate his employment for Good Reason or without Good Reason.
      

     

    (d) Notice
      of Termination.
      Any
      termination by the Employer or the Executive shall be communicated by a Notice
      of Termination to the other parties hereto given in accordance with Section
      13(b) hereof. The failure by the Executive or the Employer to set forth in
      the
      Notice of Termination any fact or circumstance which contributes to a showing
      of
      Good Reason or Cause shall not waive any right of the Executive or the Employer,
      respectively, hereunder or preclude the Executive or the Employer, respectively,
      from asserting such fact or circumstance in enforcing the Executive’s or the
      Employer’s rights hereunder.

     

    5. Obligations
      of the Employer upon Termination; Change of Control.
      For the
      avoidance of doubt, for purposes of this Section 5, a termination of the
      Executive’s employment with the Employer shall only occur if the Executive’s
      employment is terminated with all Employer entities (and any other BreitBurn
      Entities with whom the Executive may be or become employed). Notwithstanding
      the
      foregoing, the parties hereby acknowledge that changes in the Executive’s status
      as an employee of the various Employer entities and BreitBurn Entities
      (including any transfer of the Executive’s employment between such entities and
      any termination of the Executive’s employment relationship with one or more, but
      fewer than all, such entities) may, but shall not necessarily, constitute Good
      Reason hereunder, and that the effect
      of
      such changes on the Executive’s employment relationship shall be considered in
      determining whether Good Reason exists hereunder. 

     

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    (a)
       Good
      Reason; Other Than for Cause, Death or Disability.
      If,
      during the Employment Period, the Employer terminates the Executive’s employment
      without Cause (other than as a consequence of the Executive’s death or
      Disability, which terminations shall be governed by Section 5(c) below), or
      the
      Executive terminates his employment with the Employer for Good Reason, in either
      case, in a manner that constitutes a
      Separation from Service,
      then
      the Executive shall be entitled to receive the payments and benefits described
      below in this Section 5(a).

     

    (i) (A)
      The
      Executive shall be paid, in a single lump-sum payment within thirty (30) days
      after the Executive’s Separation from Service (or any shorter period prescribed
      by law), the aggregate amount of (1) the Executive’s earned but unpaid Base
      Salary and accrued but unpaid vacation pay, if any, through the Date of
      Termination, and (2) any unreimbursed business expenses incurred by the
      Executive through the Date of Termination that are reimbursable under Section
      3(b)(vi) above; and (B) to the extent not theretofore paid or provided, the
      Employer shall timely pay or provide to the Executive any accrued benefits
      and
      other amounts or benefits required to be paid or provided prior to the Date
      of
      Termination under any other plan, program, policy, practice, contract or
      agreement of the Employer and its affiliates according to their terms (the
      payments and benefits described in this Section 5(a)(i), the “Accrued
      Obligations”).

     

    (ii) In
      addition to the Accrued Obligations, provided that the Executive executes a
      general release and waiver of claims substantially in the form attached hereto
      as Exhibit
      B
      (as such
      form may be updated to reflect changes in law, the “Release”)
      within
      forty-five (45) days after the Executive’s Separation from Service and does not
      revoke such Release, and further subject to Section 12 below, the Executive
      shall be entitled to receive the following payments and benefits (the
“Severance”):
      

     

    (A)
       A
      payment
      equal to 1.5 times the sum of (1) the Executive’s Base Salary as in effect
      immediately prior to the Date of Termination, plus (2) the average of the
      Executive’s Annual Bonuses earned (including any amounts deferred) during the
      two years immediately preceding the Date of Termination (or in the event that
      the Executive has not been employed for two full bonus years, then the average
      of the Annual Bonus earned for the first year (if completed) and the forecasted
      bonus for the current year based on performance parameters as described in
      Section 3(b)(ii) hereof through the Date of Termination, extrapolated through
      the end of such year) (in either case, the “Bonus
      Amount”),
      payable no later than sixty days after the date
      on
      which the Executive incurs a Separation from Service;
      

     

    (B)
       For
      a
      period of eighteen months following the date on which the Executive incurs
      a
      Separation from Service, but
      in no
      event longer than the period of
      time
      during which the Executive would be entitled to continuation coverage under
      Code
      Section 4980B absent this provision (the “COBRA
      Period”),
      the
      Executive and the Executive’s eligible dependents shall continue to be provided
      with medical, prescription and dental benefits at the levels in effect
      immediately prior to the Date of Termination at the same cost to the Executive
      as immediately prior to the Date of Termination,
      provided that the Executive properly elects continuation healthcare coverage
      under Code Section 4980B; following such continuation period, any further
      continuation of such coverage under applicable law shall be at the Executive’s
      sole expense. Notwithstanding the foregoing, the Executive and his dependents
      shall cease to receive such medical, prescription and dental benefits on the
      date that the Executive becomes eligible to receive benefits under another
      employer-provided group health plan; 

     

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    (C) Any
      unpaid Annual Bonus that would have become payable to the Executive pursuant
      to
      Section 3(b)(ii) hereof in respect of any calendar year that ends on or before
      the Date of Termination, had the Executive remained employed through the payment
      date of such Annual Bonus, payable in
      the
      calendar year in which the Separation from Service occurs, but in no event
      later
      than the date in such calendar year on which annual bonuses are paid to the
      Peer
      Executives generally;
      and

    

    (D) To
      the
      extent not previously vested and converted into Units or forfeited, (1) the
      RPUs
      shall vest and convert into Units in full upon the Executive’s Separation from
      Service; and (2) the CPUs shall vest and convert into Units on a pro rata basis
      as follows: the number of CPUs that vest and convert into Units shall be equal
      to the total number of CPUs that would otherwise vest and convert into units
      based on the extent to which the applicable Performance Objectives have been
      satisfied as of the Date of Termination multiplied by the applicable percentage
      set forth in the following schedule (the “CPU
      Acceleration Percentage”)
      (and
      any CPUs that do not vest and convert into Units in accordance with this Section
      5(a)(ii)(D) (and which have not otherwise vested and converted into Units prior
      to the Date of Termination) shall be forfeited as of the Date of
      Termination):

     

    (a)
      if such
      termination occurs on or before December 31, 2008, such percentage shall be
      equal to 40%;

     

    (b)
      if such
      termination occurs on or before December 31, 2009, such percentage shall be
      equal to 60%;

    

    (c)
      if such
      termination occurs on or before December 31, 2010, such percentage shall be
      equal to 80%; and

    

    (d)
      if such
      termination occurs on or after January 1, 2011, such percentage shall be equal
      to 100%.

    

    (b) Cause;
      Resignation Other than for Good Reason.
      If the
      Executive incurs a Separation from Service because the Employer terminates
      the
      Executive’s employment for Cause or the Executive terminates his employment
      other than for Good Reason, the Employer shall pay to the Executive the Accrued
      Obligations within thirty days after the Executive’s Separation from Service (or
      any shorter period prescribed by law) or, in the case of payments or benefits
      described in Section 5(a)(i)(B) above, as such payments or benefits become
      due.
      Any outstanding equity awards, including, without limitation, the RPUs and
      CPUs
      granted in accordance with Section 3(b)(iii) above, shall be treated in
      accordance with the terms of the governing plan and award agreement.

     

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

    (c) Death
      or Disability.
      If the
      Executive incurs a Separation from Service by reason of the Executive’s death or
      Disability during the Employment Period:

     

    (i) The
      Accrued Obligations shall be paid to the Executive’s estate or beneficiaries or
      to the Executive, as applicable, within thirty days after the Executive’s
      Separation from Service (or any shorter period prescribed by law) or, in the
      case of payments or benefits described in Section 5(a)(i)(B) above, as such
      payments or benefits become due;

     

    (ii) In
      addition to the Accrued Obligations, subject to the Executive’s (or his
      estate’s) execution and non-revocation of a Release, the Executive shall be
      entitled to receive the following payments and benefits (the “Death/Disability
      Payments”):

     

    (A) (1)
      the
      RPUs shall vest and convert into Units in full upon the Executive’s Separation
      from Service; and (2) the CPUs shall vest and convert into Units on a pro rata
      basis as follows: the number of CPUs that vest and convert into Units shall
      be
      equal to the total number of CPUs that would otherwise vest and convert into
      Units based on the extent to which the applicable Performance Objectives have
      been satisfied as of the Date of Termination multiplied by the applicable CPU
      Acceleration Percentage (and any CPUs that do not vest and convert into Units
      in
      accordance with this Section 5(c)(ii)(A) (and which have not otherwise vested
      and converted into Units prior to the Date of Termination) shall be forfeited
      as
      of the Date of Termination);

     

    (B) For
      the
      period commencing on the Executive’s Separation from Service and ending on the
      earlier to occur of (1) the date on which the Employment Period would have
      otherwise expired had the Executive not incurred a Separation from Service
      (disregarding any renewals thereof that would occur subsequent to the Date
      of
      Termination), and (2) the date of the expiration of the COBRA Period, the
      Executive and the Executive’s eligible dependents shall continue to be provided
      with medical, prescription and dental benefits as if the Executive’s employment
      had not been terminated at the same cost to the Executive (or the Executive’s
      estate or dependents) as immediately prior to the Date of Termination provided
      that the Executive or his dependents, if applicable, properly elect continuation
      healthcare coverage under Code Section 4980B; following such continuation
      period, any further continuation of such coverage under applicable law shall
      be
      at the Executive’s (or his estate’s or dependents’) sole expense;
      and

     

    (C) Any
      unpaid Annual Bonus that would have become payable to the Executive pursuant
      to
      Section 3(b)(ii) hereof in respect of any calendar year that ends on or before
      the Date of Termination, had the Executive remained employed through the payment
      date of such Annual Bonus, payable in the calendar year in which the Separation
      from Service occurs, but in no event later than the date in such calendar year
      on which annual bonuses are paid to the Peer Executives generally.

    

    (d) Non-renewal.
      

     

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

    (i) Employer
      Non-Renewal.
      

     

    (A) If
      the
      Employer provides a notice of non-renewal of the Employment Period as set forth
      in Section 2 hereof and the Executive incurs a Separation from Service as a
      result, the CPUs shall vest and convert into Units upon such Separation from
      Service (to the extent not previously vested and converted into Units or
      canceled) on a pro rata basis as follows: the number of CPUs that vests and
      converts into Units shall be equal to the total number of CPUs that would
      otherwise vest and convert into Units based on the extent to which the
      applicable Performance Objectives have been satisfied as of the Date of
      Termination multiplied by the applicable CPU Acceleration Percentage,
provided,
      that
      the vesting and conversion described in this Section 5(d)(i)(A) shall only
      occur
      if, following such notice of non-renewal by the Employer, the Executive does
      not
      voluntarily terminate his employment (other than upon death or Disability)
      before the end of the Employment Period, as determined without regard to any
      extension of the Employment Period that might otherwise occur following the
      Date
      of Termination in accordance with the second sentence of Section 2 hereof (a
      “Post-Termination
      Extension”).
      For
      purposes of clarification, subject to the Executive’s continued employment
      through the end of the Employment Period, as determined without regard to any
      Post-Termination Extension, in the event that the Employment Period terminates
      on January 1, 2011 as a result of non-renewal by the Employer in accordance
      with
      Section 2 hereof,
      the
      final
      one-third of the RPUs shall vest and convert into Units as scheduled in
      accordance with Section 3(b)(iii) on January 1, 2011. Any RPUs or CPUs that
      do
      not vest and convert into Units on or prior to the Date of Termination) shall
      be
      forfeited as of the Date of Termination. 

     

    (B) Neither
      the Employer’s election not to renew the Employment Period nor a termination of
      the Executive’s employment resulting therefrom shall constitute a termination of
      the Executive’s employment hereunder without Cause for purposes of this
      Agreement. Notwithstanding the foregoing, subject to the Executive’s execution
      and non-revocation of a Release, the Employer shall pay to the Executive, at
      the
      time when annual bonuses are paid to the Peer Executives in respect of the
      year
      in which the Separation from Service occurs (but in no event later than the
      fifteenth day of the third month following the end of such year), to the extent
      not previously paid, an Annual Bonus in respect of the year in which the
      Separation from Service occurs. 

     

    (ii) Executive
      Non-Renewal.
      If the
      Executive provides a notice of non-renewal of the Employment Period in
      accordance with Section 2 hereof and the Executive experiences a Separation
      from
      Service as a result, then, following such a termination, a pro rata portion
      of
      the CPUs shall remain outstanding and eligible to vest and convert into Units
      in
      accordance with the terms of the applicable LTIP Award Agreement (if not
      previously vested and converted into Units or canceled) as follows: the number
      of CPUs that remains outstanding and eligible to vest and convert into Units
      in
      accordance with the terms of the applicable LTIP Award Agreement following
      the
      Date of Termination shall be equal to the total number of CPUs multiplied by
      a
      fraction, (A) the numerator of which is an integer equal to the number of whole
      years elapsed from the Commencement Date through and including the Date of
      Termination, and (B) the denominator of which equals five, provided,
      that
      the eligibility for post-termination vesting and conversion into Units of the
      CPUs described in this Section 5(d)(ii) shall only occur if, following such
      notice of non-renewal by the Executive, the Executive does not voluntarily
      terminate his employment (other than upon death or Disability) before the end
      of
      the Employment Period, as determined without regard to any Post-Termination
      Extension. Any CPUs
      that
      do not remain eligible to vest and convert into Units in accordance with this
      Section 5(d)(ii) (and which have not otherwise vested and converted into Units
      or terminated prior to the Date of Termination) shall be forfeited as of the
      Date of Termination. The
      Executive’s election not to renew the Employment Period and a termination of his
      employment resulting therefrom shall be deemed to constitute a termination
      by
      the Executive without Good Reason for purposes of this Agreement.
      For
      purposes of clarification, subject to the Executive’s continued employment
      through the end of the Employment Period, as determined without regard to any
      Post-Termination Extension, in the event that the Employment Period terminates
      on January 1, 2011 as a result of non-renewal by the Executive in accordance
      with Section 2 hereof,
      the
      final
      one-third of the RPUs shall vest and convert into Units as scheduled in
      accordance with Section 3(b)(iii) on January 1, 2011.

     

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

    (iii) Accrued
      Obligations.
      In the
      case of any termination in accordance with this Section 5(d), the Accrued
      Obligations shall be paid to the Executive within thirty days after the
      Executive’s Separation from Service (or any shorter period prescribed by law)
      or, in the case of payments or benefits described in Section 5(a)(i)(B) above,
      as such payments or benefits become due.

     

    (e) Change
      of Control.
      Notwithstanding anything herein to the contrary, if a Change in Control (as
      defined in the Plan) occurs during the Employment Period, then, to the extent
      not previously vested and converted into Units, the RPUs shall vest in full
      upon
      such Change in Control, provided,
      that
      notwithstanding the foregoing, such RPUs shall not convert into Units and be
      paid to the Executive until the earlier to occur of (1) the originally
      applicable vesting date described in Section 3(b)(iii) above, or (2) the
      Executive’s Separation from Service.

    

    (f) Termination
      of Offices and Directorships.
      Upon
      termination of the Executive’s employment for any reason, the Executive shall be
      deemed to have resigned from all offices and directorships, if any, then held
      with the Employer or any BreitBurn Entity, and shall take all actions reasonably
      requested by the Employer to effectuate the foregoing.

    

    6. Non-exclusivity
      of Rights.
      Nothing
      in this Agreement shall prevent or limit the Executive’s participation in any
      other plan, program, policy or practice provided by any BreitBurn Entity (other
      than policies relating to severance payments or obligations on termination
      of
      employment for any reason ) and for which the Executive may qualify, nor shall
      anything herein limit or otherwise affect such rights as the Executive may
      have
      under any contract or agreement with any BreitBurn Entity. Amounts which are
      vested benefits or which the Executive is otherwise entitled to receive under
      any plan, policy, practice or program of or any contract or agreement with
      any
      BreitBurn Entity or any of its affiliates at or subsequent to the Date of
      Termination shall be payable, if at all, in accordance with such plan, policy,
      practice or program or contract or agreement except as explicitly modified
      by
      this Agreement.

     

    7. No
      Mitigation.
      The
      Employer’s obligation to make the payments provided for in this Agreement and
      otherwise to perform its obligations hereunder shall not be affected by any
      set-off, counterclaim, recoupment, defense or other claim, right or action
      which
      the Employer or any of their affiliates may have against the Executive or
      others. In no event shall the Executive be obligated to seek other employment
      or
      take any other action by way of mitigation of the amounts payable to the
      Executive as Severance or Death/Disability Payments, and,
      except as provided in Section 5(a)(ii)(B) hereof, such amounts shall not be
      reduced whether or not the Executive obtains other employment.

     

    
      
         

      

      
        10

        
          

        

      

      
         

      

    

    8. Executive’s
      Covenants.
      

     

    (a)
       Confidential
      Information.
      The
      Executive shall hold in a fiduciary capacity for the benefit of the Employer
      and
      each BreitBurn Entity all secret or confidential information, knowledge and
      data
      relating to the Employer and each BreitBurn Entity, and their respective
      businesses, including without limitation any trade secrets, which shall have
      been obtained by the Executive during the Executive’s employment with the
      Employer and which shall not be or have become public knowledge or known within
      the relevant trade or industry (other than by acts by the Executive or
      representatives of the Executive in violation of this Agreement) (together,
      “Proprietary
      Information”).
      The
      Executive shall not, at any time during or after his employment, directly or
      indirectly, without the prior written consent of the Board or as may otherwise
      be required by law or legal process, use for his own benefit such Proprietary
      Information or communicate or divulge any such Proprietary Information to anyone
      (other than an authorized BreitBurn Entity or any such entity’s designee);
provided,
      that if
      the Executive receives actual notice that the Executive is or may be required
      by
      law or legal process to communicate or divulge any such Proprietary Information,
      unless otherwise prohibited by law or regulation, the Executive shall promptly
      so notify the Board. Anything herein to the contrary notwithstanding, the
      provisions of this Section 8 shall not apply with respect to any litigation,
      arbitration or mediation involving this Agreement or any other agreement between
      the Executive and the Employer or any BreitBurn Entity; provided,
      that
      the Executive shall take all reasonable steps to maintain such Proprietary
      Information as confidential, including, without limitation, seeking protective
      orders and filing documents containing such information under seal. Nothing
      herein shall be construed as prohibiting the Executive from using or disclosing
      such Proprietary Information as may be reasonably necessary in his proper
      performance of services hereunder.

     

    (b) Non-Solicitation.
      

    

    (i) While
      employed by the Employer and for a period of two years following the Date of
      Termination, regardless of the reason for the termination, other than in the
      ordinary course of the Executive’s duties for the Employer or any BreitBurn
      Entity, the Executive shall not, without the prior consent of the Board,
      directly or indirectly solicit, induce, or encourage any employee of any
      BreitBurn Entity or any of their respective affiliates who is employed on the
      Date of Termination (or at any time within six months of such date) to terminate
      his or her employment with such entity; and 

    

    (ii) While
      employed by the Employer and thereafter, regardless of the reason for the
      termination, the Executive shall not, without the prior consent of the Board,
      use any Proprietary
      Information
      to hire
      any employee of the Employer or any BreitBurn Entity or any of their respective
      affiliates within six months after that employee’s termination of employment
      with any BreitBurn Entity or any of their respective affiliates. 

    

    The
      Employer acknowledges that its employees may join entities with which the
      Executive is affiliated and that such event shall not constitute a violation
      of
      this Agreement
      if the Executive was not involved in the solicitation, hiring or identification
      of such employee as a potential recruit. 

    

    
      
         

      

      
        11

        
          

        

      

      
         

      

    

    (c) Irreparable
      Harm.
      In
      recognition of the facts that irreparable injury will result to the Employer
      in
      the event of a breach by the Executive of his obligations under Sections 8(a)
      or
      8(b) above, that monetary damages for such breach would not be readily
      calculable, and that the Employer would not have an adequate remedy at law
      therefor, the Executive acknowledges, consents and agrees that, in the event
      of
      any such breach, or the threat thereof, the Employer shall be entitled, in
      addition to any other legal remedies and damages available, to specific
      performance thereof and to temporary and permanent injunctive relief (without
      the necessity of posting a bond) to restrain the violation or threatened
      violation of such obligations by the Executive.

     

    (d) Return
      of Property.
      Upon the termination of the Executive’s employment with the
      Employer
      for any
      reason, the Executive shall immediately return and deliver to the
      Employer
      any and
      all Proprietary Information, and any and all other papers, books, records,
      documents, memoranda and manuals, e-mail, electronic or magnetic recordings
      or
      data, including all copies thereof, belonging to the
      Employer
      or any
      other BreitBurn Entity or relating to their business, in the Executive’s
      possession, whether prepared by the Executive or others. If at any time after
      the Employment Period, the Executive determines that he has any Proprietary
      Information or other such materials
      in his
      possession or control, or any copy thereof, the Executive shall immediately
      return to the Employer all such information and materials, including all copies
      and portions thereof. Nothing herein shall prevent the Executive from retaining
      a copy of his personal papers, information or documentation relating to his
      compensation.

    

    9. Successors.
      

     

    (a)
       Assignment
      by the Executive.
      This
      Agreement is personal to the Executive and without the prior written consent
      of
      the Board shall not be assignable by the Executive otherwise than by will or
      the
      laws of descent and distribution. This Agreement, including any benefits or
      compensation payable hereunder, shall inure to the benefit of and be enforceable
      by the Executive’s legal representatives, including, without limitation, his
      heirs and/or beneficiaries. For the avoidance of doubt, if the Executive dies
      prior to the payment of amounts that are owed to him under this Agreement,
      such
      amounts shall be paid, in accordance with the terms of this Agreement, to the
      Executive’s estate. 

     

    (b)  Assignment
      by the Employer.
      This
      Agreement shall inure to the benefit of and be binding upon the Employer and
      its
      successors and assigns; provided,
      that
      such assignment shall not relieve any Employer of its obligations under Section
      10 of this Agreement. Except
      as
      specified in the preceding sentence, no rights or obligations of the Employer
      under this Agreement may be assigned or transferred by the Employer without
      the
      Executive’s prior written consent, except that such rights or obligations may be
      assigned or transferred in connection with a merger, consolidation,
      reorganization or other similar corporate transaction following which Provident
      Energy Trust, a trust organized under the laws of Alberta, Canada (together
      with
      its successors and assigns, “Provident”)
      will
      no longer own, directly or indirectly, at least 50% of the equity securities
      of
      BMC or BBGP (determined on a fully diluted basis), or a sale of all or
      substantially all of BreitBurn Partners’ assets provided that the assignee or
      transferee is the successor
      to all or substantially all of BreitBurn Partners’ assets and assumes the
      liabilities, obligations and duties of the Employer under this
      Agreement.

     

    
      
         

      

      
        12

        
          

        

      

      
         

      

    

    (c) Express
      Assumption of Agreement.
      The
      Employer shall require any successor (whether direct or indirect, by purchase,
      merger, consolidation or otherwise) to all or substantially all of the business
      and/or assets of the Employer or any assign permitted under Section 9(b) above
      to assume expressly and agree to perform this Agreement in the same manner
      and
      to the same extent that the Employer would be required to perform it if no
      such
      succession had taken place. As used in this Section 9(c), “Employer” shall mean
      the Employer as hereinbefore defined and any successor to its business and/or
      assets or assigns as aforesaid which assumes and agrees to perform this
      Agreement by operation of law or otherwise.

     

    10. Indemnification
      and Directors’ and Officers’ Insurance.
      

     

    (a)
       General.
      During
      the Employment Period and thereafter, the Employer shall indemnify the Executive
      to the fullest extent permitted under law from and against any expenses
      (including but not limited to attorneys’ fees, expenses of investigation and
      preparation and fees and disbursements of the Executive’s accountants or other
      experts), judgments, fines, penalties and amounts paid in settlement actually
      and reasonably incurred by the Executive in connection with any proceeding
      in
      which the Executive was or is made party, was or is involved (for example,
      as a
      witness) or is threatened to be made a party to, in any case, by reason of
      the
      fact the Executive was or is employed by the Employer or was performing services
      for any BreitBurn Entity. Such indemnification shall continue as to the
      Executive during the Employment Period and for at least six years from the
      Date
      of Termination with respect to acts or omissions which occurred prior to his
      cessation of employment with the Employer and shall inure to the benefit of
      the
      Executive’s heirs, executors and administrators. The Employer shall advance to
      the Executive all costs and expenses incurred by him in connection with any
      proceeding covered by this provision within twenty calendar days after receipt
      by the Employer of a written request for such advance. Such request shall
      include an undertaking by the Executive to repay the amount of such advance
      if
      it shall ultimately be determined that he is not entitled to be indemnified
      against any such costs and/or expenses.

     

    (b) Insurance.
      The
      Employer agrees to maintain directors’ and officers’ liability insurance
      policies covering the Executive on a basis no less favorable than provided
      to
      the Peer Executives, which coverage shall continue as to the Executive even
      if
      he has ceased to be a director, member, employee or agent of the BreitBurn
      Entities with respect to acts or omissions which occurred prior to such
      cessation. In addition, the Employer shall obtain and maintain attorneys’ errors
      and omissions liability insurance from a carrier rated no less than “A” by A.M.
      Best Co. (or a comparable rating agency) with a minimum combined single limit
      of
      $5 million each occurrence and $15 million aggregate naming the Executive as
      the
      insured. The insurance contemplated under this Section 10(b) shall inure to
      the
      benefit of the Executive’s heirs, executors and administrators.

     

    
      
         

      

      
        13

        
          

        

      

      
         

      

    

    11. Arbitration
      Agreement.
      

     

    (a)
       General.
      Any
      controversy, dispute or claim between the Executive and any BreitBurn Entity,
      or
      any of their respective parents, subsidiaries, affiliates or any of their
      officers, directors, agents or other employees, relating to the Executive’s
      employment or the termination
      thereof, shall be resolved by final and binding arbitration, at the request
      of
      any party hereto. The arbitrability of any controversy, dispute or claim under
      this Agreement or any other agreement between the parties hereto shall be
      determined by application of the substantive provisions of the Federal
      Arbitration Act (9 U.S.C. sections 1 and 2) and by application of the
      procedural provisions of California law, except as provided herein. Arbitration
      shall be the exclusive method for resolving any dispute and all remedies
      available from a court of competent jurisdiction shall be available;
provided,
      that
      either party may request provisional relief from a court of competent
      jurisdiction if such relief is not available in a timely fashion through
      arbitration. The claims which are to be arbitrated include, but are not limited
      to, any claim arising out of or relating to this Agreement, the LTIP Award
      Agreements or the employment relationship between the Executive and the
      Employer, claims for wages and other compensation, claims for breach of contract
      (express or implied), claims for violation of public policy, wrongful
      termination, tort claims, claims for unlawful discrimination and/or harassment
      (including, but not limited to, race, religious creed, color, national origin,
      ancestry, physical disability, mental disability, gender identity or expression,
      medical condition, marital status, age, pregnancy, sex or sexual orientation)
      to
      the extent allowed by law, and claims for violation of any federal, state,
      or
      other government law, statute, regulation, or ordinance, except for claims
      for
      workers’ compensation and unemployment insurance benefits. This Agreement shall
      not be interpreted to provide for arbitration of any dispute that does not
      constitute a claim recognized under applicable law. 

     

    (b) Selection
      of Arbitrator.
      The
      Executive and the Employer shall select a single neutral arbitrator by mutual
      agreement. If the Executive and the Employer are unable to agree on a neutral
      arbitrator within thirty days of a demand for arbitration, either party may
      elect to obtain a list of arbitrators from the Judicial Arbitration and
      Mediation Service (“JAMS”)
      or the
      American Arbitration Association (“AAA”),
      and
      the arbitrator shall be selected by alternate striking of names from the list
      until a single arbitrator remains. The party initiating the arbitration shall
      be
      the first to strike a name. Any demand for arbitration must be in writing and
      must be made by the aggrieved party within the statute of limitations period
      provided under applicable state and/or federal law for the particular claim(s).
      Failure to make a written demand within the applicable statutory period
      constitutes a waiver of the right to assert that claim in any forum.

     

    (c) Venue;
      Process.
      Arbitration proceedings shall be held in Los Angeles, California. The arbitrator
      shall apply applicable state and/or federal substantive law to determine issues
      of liability and damages regarding all claims to be arbitrated, and shall apply
      the Federal Rules of Evidence to the proceeding. The parties shall be entitled
      to conduct reasonable discovery and the arbitrator shall have the authority
      to
      determine what constitutes reasonable discovery. The arbitrator shall hear
      motions for summary judgment/adjudication as provided in the Federal Rules
      of
      Civil Procedure. Within thirty days following the hearing and the submission
      of
      the matter to the arbitrator, the arbitrator shall issue a written opinion
      and
      award which shall be signed and dated. The arbitrator’s award shall decide all
      issues submitted by the parties, but the arbitrator may not decide any issue
      not
      submitted. The opinion and award shall include factual findings and the reasons
      upon which the decision is based. The arbitrator shall be permitted to award
      only those remedies in law or equity which are requested by the parties and
      allowed by law.

    
      
         

      

      
        14

        
          

        

      

      
         

      

    

    (d) Costs.
      The
      cost of the arbitrator and other incidental costs of arbitration that would
      not
      be incurred in a court proceeding shall be borne by the Employer. The parties
      shall each bear their own costs and attorneys’ fees in any arbitration
      proceeding, provided,
      that
      the arbitrator shall have the authority to require either party to pay the
      costs
      and attorneys’ fees of the other party to the extent permitted under applicable
      federal or state law, as a part of any remedy that may be ordered.

     

    (e) Waiver
      of Rights.
      Both
      the Employer and the Executive understand that, by agreeing to use arbitration
      to resolve disputes, they are giving up any right that they may have to a judge
      or jury trial with regard to all issues concerning employment or otherwise
      covered by this Section 11.

     

     

    12. Internal
      Revenue Code Section 409A.
      

     

    (a) Certain
      compensation and benefits payable under this Agreement are not intended to
      constitute “nonqualified deferred compensation” within the meaning of Code
      Section 409A, while other compensation and benefits payable under this Agreement
      may constitute “nonqualified deferred compensation” which is intended to comply
      with the requirements of Code Section 409A. To the extent that the Board
      determines that any compensation or benefits payable under this Agreement may
      not be compliant with or exempt from Code Section 409A, the Board and the
      Executive shall cooperate and work together in good faith to timely amend this
      Agreement in a manner intended to comply with the requirements of Code Section
      409A or an exemption therefrom (including
      amendments with retroactive effect), or take any other actions as they deem
      necessary or appropriate to (a) exempt such compensation and benefits from
      Code
      Section 409A and/or preserve the intended tax treatment with respect to such
      compensation and benefits, or (b) comply with the requirements of Code Section
      409A. To the extent applicable, this Agreement shall be interpreted in
      accordance with the provisions of Code Section 409A.

     

    (b)
       Potential
      Six-Month Delay.
      Notwithstanding anything to the contrary in this Agreement, no compensation
      and
      benefits, including without limitation any Severance payments or
      Death/Disability Payments, shall be paid to the Executive during the 6-month
      period following his Separation from Service to the extent that the Employer
      reasonably determines that paying such amounts at the time or times indicated
      in
      this Agreement would result in a prohibited distribution under Section
      409A(a)(2)(b)(i) of the Code. If the payment of any such amounts is delayed
      as a
      result of the previous sentence, then on the first business day following the
      end of such 6-month period (or
      such earlier date upon which such amount can be paid under Code Section 409A
      without resulting in a prohibited distribution, including as a result of the
      Executive’s
      death),
      the
      Employer shall pay to the Executive a lump-sum amount equal to the cumulative
      amount that would have otherwise been payable to the Executive during such
      6-month period, plus interest thereon from the date of the Executive’s
      Separation from Service through the payment date at a rate equal to the
      then-current “applicable Federal rate” determined under Section 7872(f)(2)(A) of
      the Code.

    

    
      
         

      

      
        15

        
          

        

      

      
         

      

    

    13. Miscellaneous.
      

     

    (a)
       Governing
      Law; Captions; Amendment.
      This
      Agreement shall be governed by and construed in accordance with the laws of
      the
      State of California, without reference to principles of conflict of laws. The
      captions of this Agreement are not part of the provisions
      hereof and shall have no force or effect. This Agreement may not be amended
      or
      modified otherwise than by a written agreement executed by the parties hereto
      or
      their respective successors and legal representatives.

     

    (b) Notice.
      All
      notices and other communications hereunder shall be in writing and shall be
      given by hand delivery to the other party, by registered or certified mail,
      return receipt requested, postage prepaid, or by any other means agreed to
      by
      the parties, addressed as follows:

     

    If
      to
      the Executive:
      at the
      Executive’s most recent address on the records of the Employer; 

     

    If
      to
      the Employer:

     

    BreitBurn
      Management Company LLC

    Attn.:
      Halbert Washburn

    515
      South
      Flower Street, Suite 4800

    Los
      Angeles, CA 90071

     

    or
      to
      such other address as either party shall have furnished to the other in writing
      in accordance herewith. Notice and communications shall be effective when
      actually received by the addressee.

     

    (c) Code
      of Conduct.
      The
      Executive hereby agrees to execute, concurrently herewith, the Employer’s Code
      of Conduct Policy, receipt of which the Executive hereby
      acknowledges.

     

    (d) Severability;
      Provisions Survive.
      The
      invalidity or unenforceability of any provision of this Agreement shall not
      affect the validity or enforceability of any other provision of this Agreement.
      The respective rights and obligations of the parties hereunder shall survive
      any
      expiration or termination of the Employment Period to the extent necessary
      to
      carry out the intentions of the parties as embodied in this
      Agreement.

     

    (e) Withholding.
      The
      Employer may withhold from any amounts payable under this Agreement such
      federal, state, local or foreign taxes as shall be required to be withheld
      pursuant to any applicable law or regulation. 

     

    (f) Employer
      Representations.
      The
      Employer represents and warrants that (i) the execution, delivery and
      performance of this Agreement by it has been fully and validly authorized,
      (ii)
      the entities signing this Agreement are duly authorized to do so, (iii) the
      execution and delivery of this Agreement does not violate any order, judgment
      or
      decree or any agreement, plan or corporate governance document to which it
      is a
      party or by which it is bound and (iv) upon execution and delivery of this
      Agreement by the parties, it shall be a valid and binding obligation of the
      Employer, enforceable against it in accordance with its terms, except to the
      extent that enforceability may be limited by applicable laws, including, without
      limitation, bankruptcy, insolvency or similar laws affecting the enforcement
      of
      creditors’ rights generally.

    
      
         

      

      
        16

        
          

        

      

      
         

      

    

    (g) Executive
      Representations and Acknowledgements.
      The
      Executive hereby represents and warrants to the Employer that (i) the Executive
      is entering into this Agreement voluntarily and that the performance of his
      obligations hereunder will not violate any agreement between the Executive
      and
      any other person, firm, organization or other entity, and (ii) the Executive
      is
      not bound by the terms of any agreement with any previous employer or other
      party to refrain from competing, directly or indirectly, with the business
      of
      such previous employer or other party that would be violated by his entering
      into this Agreement and/or providing services to the Employer or its affiliates
      pursuant to the terms of this Agreement. The Executive hereby acknowledges
      (A) that the Executive has consulted with or has had the opportunity to
      consult with independent counsel of his own choice concerning this Agreement,
      and has been advised to do so by the Employer, and (B) that the Executive
      has read and understands this Agreement, is fully aware of its legal effect,
      and
      has entered into it freely based on his own judgment.

     

    (h) No
      Waiver.
      No
      party’s failure to insist upon strict compliance with any provision of this
      Agreement or to assert any right hereunder shall be deemed to be a waiver of
      such provision or right or any other provision or right arising under this
      Agreement. Any waiver of any provision or right under this Agreement shall
      be
      effective only if in a writing, specifically referencing the provision being
      waived and signed by the party against whom the enforcement of the waiver is
      being sought.

     

    (i) Entire
      Agreement; Construction.
      This
      Agreement, together with the LTIP Award Agreements and the Employer’s Code of
      Conduct Policy, constitutes the entire agreement of the parties with respect
      to
      the subject matter hereof and shall supersede and replace all prior
      representations, warranties, agreements and understandings, both written and
      oral, made by the Employer, any other BreitBurn Entity or the Executive with
      respect to the subject matter covered hereby, provided,
      that to
      the extent there is any inconsistency between this Agreement and the Employer’s
      Code of Conduct Policy, the terms of this Agreement shall control and,
provided
      further,
      that it
      is not the intent of the parties that this Agreement supersede the terms of
      any
      awards of interests in BreitBurn Partners or BECLP granted or issued prior
      to
      the Commencement Date. The parties to this Agreement have participated jointly
      in the negotiation and drafting of this Agreement. If an ambiguity or question
      of intent or interpretation arises with respect to any term or provision of
      this
      Agreement, this Agreement shall be construed as if drafted jointly by the
      parties hereto, and no presumption or burden of proof shall arise favoring
      or
      disfavoring any party hereto by virtue of the authorship of any of the terms
      or
      provisions hereof.

     

    (j) Counterparts.
      This
      Agreement may be executed in one or more counterparts, each of which shall
      be
      deemed an original but all of which taken together shall constitute one and
      the
      same instrument.

     

    

    

    

    [Signature
      page follows]

    

    
      
         

      

      
        17

        
          

        

      

      
         

      

    

    IN
      WITNESS WHEREOF, the Executive has hereunto set the Executive’s hand and the
      Employer has caused these presents to be executed in its name on its behalf,
      all
      as of the day and year first above written.

     

    
      
         

        
          	EXECUTIVE 	 	 
	 	 	 
	 	 	 
	/s/ Gregory C. Brown 	 	 
	
                  
Gregory
                  C. Brown  	 	 
	 	 	 
	 	 	 
	 	PRO
                  GP
                  CORP.
	 
 	 
 	 
 
	
                	By:  	/s/ Halbert
                  S. Washburn
	 	
                  
Name:
                  Halbert S. Washburn
	 	Title:  
                  Co-Chief Executive Officer

        

         

        
          	 	 	 
	 	BREITBURN
                  MANAGEMENT COMPANY, LLC
	 
 	 
 	 
 
	
                	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

          

        

         

      

    

     

    
      
         

      

      
        18

        
          

        

      

      
         
EXHIBIT
        A

    

    

    DEFINITIONS

     

    “AAA”
has
      the
      meaning assigned thereto in Section 11(b) hereof.

     

    “Accrued
      Obligations”
has
      the
      meaning assigned thereto in Section 5(a)(i) hereof.

     

    “Agreement”
has
      the
      meaning assigned thereto in the Recitals hereof.

     

    “Annual
      Bonus”
has
      the
      meaning assigned thereto in Section 3(b)(ii) hereof.

     

    “Base
      Salary”
has
      the
      meaning assigned thereto in Section 3(b)(i) hereof.

     

    “BBGP”
has
      the
      meaning assigned thereto in the Recitals hereof.

     

    “BECLP”
means
      BreitBurn Energy Company, L.P., a Delaware limited partnership.

     

    “BMC”
has
      the
      meaning assigned thereto in the Recitals hereof.

     

    “Board”
or
      “Boards”
has
      the
      meaning assigned thereto in Section 3(a)(i) hereof.

     

    “Bonus
      Amount”
has
      the
      meaning assigned thereto in Section 5(a)(ii)(A) hereof.

     

    “BreitBurn
      Entity”
has
      the
      meaning assigned thereto in Section 3(a)(i) hereof.

     

    “BreitBurn
      Partners”
means
      BreitBurn Energy Partners, L.P., a Delaware limited partnership.

     

    “Cause”
means
      the following:

     

    (i) the
      willful and continued failure of the Executive to perform substantially the
      Executive’s duties for the Employer or any BreitBurn Entity (as described in
      Section 3(a) hereof) (other than any such failure resulting from incapacity
      due
      to physical or mental illness), after a written demand for substantial
      performance is delivered to the Executive by the Employer (after a vote to
      this
      effect by a majority of the Board) which specifically identifies the manner
      in
      which the Board believes that the Executive has not substantially performed
      the
      Executive’s duties and the Executive is given a reasonable opportunity of not
      more than twenty (20) business days to cure any such failure to substantially
      perform;

     

    (ii) the
      willful engaging by the Executive in illegal conduct or gross misconduct, in
      each case which is materially and demonstrably injurious to the Employer or
      any
      BreitBurn Entity; or

     

    (iii) (A)
      any
      act of fraud, or material embezzlement or material theft by the Executive,
      in
      each case, in connection with the Executive’s duties hereunder or in the
course
      of
      the Executive’s employment hereunder or (B) the Executive’s admission in any
      court, or conviction, or plea of nolo contendere, of a felony involving moral
      turpitude, fraud, or material embezzlement, material theft or material
      misrepresentation, in each case, against or affecting the Employer or any
      BreitBurn Entity.

     

    
      
         

      

      
        19

        
          

        

      

      
         

      

    

    For
      purposes of this provision, no act or failure to act, on the part of the
      Executive, shall be considered “willful” unless it is done, or omitted to be
      done, by the Executive in bad faith or without reasonable belief that the
      Executive’s action or omission was in the best interests of the Employer or any
      BreitBurn Entity. Any act, or failure to act, based upon authority given
      pursuant to a resolution duly adopted by the Employer, including, without
      limitation, the Board, or based upon the advice of counsel for the Employer
      shall be conclusively presumed to be done, or omitted to be done, by the
      Executive in good faith and in the best interests of the Employer and the
      BreitBurn Entities. Notwithstanding the foregoing, termination of the
      Executive’s employment shall not be deemed to be for Cause unless and until
      there shall have been delivered to the Executive a copy of a resolution of
      the
      Board duly adopted by an affirmative vote of the Board at a meeting of the
      Board
      held for such purpose (after reasonable notice is provided to the Executive
      and
      the Executive is given an opportunity, together with counsel for the Executive,
      to be heard before the Board), finding that, in the good faith opinion of the
      Board, the Executive is guilty of the conduct described in clauses (i), (ii)
      or
      (iii) above, and specifying the particulars thereof in detail; provided,
      that if
      the Executive is a member of the Board, the Executive shall not vote on such
      resolution nor shall the Executive be counted.

     

    “COBRA
      Period”
has
      the
      meaning assigned thereto in Section 5(a)(ii)(B) hereof.

     

    “Code”
means
      the Internal Revenue Code of 1986, as amended and any regulations or other
      official guidance promulgated thereunder.

     

    “Commencement
      Date”
has
      the
      meaning assigned thereto in Section 2 hereof.

     

    “CPU
      Acceleration Percentage”
has
      the
      meaning assigned thereto in Section 5(a)(ii)(D) hereof.

     

    “CPUs”
has
      the
      meaning assigned thereto in Section 3(b)(iii) hereof.

     

    “Date
      of Termination”
means
      (i) if the Executive’s employment is terminated by the Employer with or without
      Cause, or by the Executive with or without Good Reason, other than due to death
      or Disability, the date specified in accordance with applicable provisions
      of
      this Agreement in the Notice of Termination (which date shall not be more than
      thirty days after the giving of such notice), provided,
      that
      any notice period may be waived by the Employer without compensation in lieu
      thereof upon the Executive’s election to terminate employment with or without
      Good Reason; (ii) if the Executive’s employment is terminated by reason of the
      Executive’s death or Disability, the date of the Executive’s death or the
      thirtieth day following notification by the Employer of termination due to
      Disability in accordance with Section 4(a) hereof, as the case may be; (iii)
      if
      a notice of non-renewal of the Employment Period is provided by any party in
      accordance with Section 2 of this Agreement (and the Executive elects to
      terminate his employment immediately following the expiration of the Employment
      Period), the last day of the Employment Period; or (iv) any other date mutually
      agreed to by the parties hereto.

    
      
         

      

      
        20

        
          

        

      

      
         

      

    

    “Death/Disability
      Payments”
has
      the
      meaning assigned thereto in Section 5(c)(ii) hereof. 

     

    “Disability”
shall
      mean a “disability” within the meaning of Code Section 409A. 

     

    “Employer”
has
      the
      meaning assigned thereto in the Recitals hereof.

     

    “Employment
      Period”
has
      the
      meaning assigned thereto in Section 2 hereof.

     

    “Executive”
has
      the
      meaning assigned thereto in the Recitals hereof.

     

    “Good
      Reason”
means
      the occurrence of any of the following without the Executive’s written
      consent:

     

    
      	 	
              (i)

            	
              a
                material diminution in the Executive’s Base
                Salary;

            

    

    

    
      	 	
              (ii)
                

            	
              a
                material diminution in the Executive’s authority, duties, or
                responsibilities;

            

    

    

    
      	 	
              (iii)
                

            	
              a
                material diminution in the authority, duties, or responsibilities
                of the
                supervisor to whom the Executive is required to
                report;

            

    

    

    
      	 	
              (iv)
                

            	
              a
                material diminution in the budget over which the Executive retains
                authority;

            

    

    

    
      	 	
              (v)
                

            	
              a
                material change in the geographic location at which the Executive
                must
                perform services under this Agreement;
                or

            

    

    

    
      	 	
              (vi)
                

            	
              any
                other action or inaction that constitutes a material breach by the
                Employer of this Agreement, including without limitation, a material
                breach of Section 3(a)(v) hereof;

            

    

    

    provided,
      that
      the Executive’s resignation shall only constitute a resignation for “Good
      Reason” hereunder if (a) the Executive provides the Employer with written notice
      setting forth the specific facts or circumstances constituting Good Reason
      within thirty days after the initial existence of such facts or circumstances,
      (b) the Employer has failed to cure such facts or circumstances within thirty
      days after receipt of such written notice, and (c) the date of the Executive’s
      Separation from Service occurs no later than seventy-five days after the initial
      occurrence of the event constituting Good Reason. 

    

    “JAMS”
has
      the
      meaning assigned thereto in Section 11(b) hereof.

     

    “LTIP
      Award Agreements”
has
      the
      meaning assigned thereto in Section 3(b)(iii) hereof.

     

    “Notice
      of Termination”
means
      a
      written notice which (i) indicates the specific termination provision in this
      Agreement relied upon; (ii) to the extent applicable, sets forth in reasonable
      detail the facts and circumstances claimed to provide a basis for termination
      of
      the Executive’s employment under the provision so indicated; and (iii) if the
      Date of Termination is other than the
      date
      of receipt of such notice, specifies the termination date (which date shall
      be
      not more than thirty (30) days after the giving of such notice). 

     

    
      
         

      

      
        21

        
          

        

      

      
         

      

    

    “Performance
      Objectives”
has
      the
      meaning assigned thereto in Section 3(b)(iii) hereof.

     

    “Plan”
has
      the
      meaning assigned thereto in Section 3(b)(iii) hereof.

     

    “Post-Termination
      Extension”
has
      the
      meaning assigned thereto in Section 5(d)(i)(A) hereof.

     

    “Provident”
has
      the
      meaning assigned thereto in Section 9(b) hereof.

     

    “Peer
      Executives”
means
      the Executive Vice Presidents of the Employer other than the
      Executive.

     

    “PROGP”
has
      the
      meaning assigned thereto in the Recitals hereof.

     

    “Release”
has
      the
      meaning assigned thereto in Section 5(a)(ii) hereof.

     

    “RPUs”
has
      the
      meaning assigned thereto in Section 3(b)(iii) hereof.

     

    “Separation
      from Service”
means
      the Executive’s “separation from service” from the Employer within the meaning
      of Code Section 409A(a)(2)(A)(i).

     

    “Severance”
has
      the
      meaning assigned thereto in Section 5(a)(ii) hereof.

     

    “Unit”
shall
      have the meaning assigned thereto in the Plan. 

     

    
      
         

      

      
        22

        
          

        

      

      
         

      

    

    EXHIBIT
      B

     

    FORM
      OF RELEASE

     

    For
      valuable consideration, the receipt and adequacy of which are hereby
      acknowledged, the undersigned does hereby release and forever discharge the
      “Releasees”
      hereunder, consisting of BreitBurn Management Company, LLC, Pro GP Corp.,
      BreitBurn GP, LLC (the
      “Company”),
      and
      each of the Company’s partners, associates, affiliates, subsidiaries,
      successors, heirs, assigns, agents, directors, officers, employees,
      representatives, and all persons acting by, through, or under them, or any
      of
      them, of and from any and all manner of action or actions, cause or causes
      of
      action, in law or in equity, suits, debts, liens, contracts, agreements,
      promises, liability, claims, demands, damages, losses, costs, attorneys’ fees or
      expenses, of any nature whatsoever, known or unknown, fixed or contingent
      (“Actions”),
      which
      the undersigned now has or may hereafter have against the Releasees, or any
      of
      them, by reason of any matter, cause, or thing whatsoever arising from the
      beginning of time to the date hereof (hereinafter called “Claims”),
      provided,
      however,
      that
      Claims shall not include any such Actions against any person or entity other
      than the Company, its subsidiaries, affiliates, successors or assigns, in any
      case, that is not properly the subject of defense and/or indemnity by the
      Company (determined without regard to whether the Company actually defends
      or
      indemnifies such action or cause of action) (the “Excluded
      Claims”).

     

    The
      Claims released herein include, without limiting the generality of the
      foregoing, any Claims in any way arising out of, based upon, or related to
      the
      undersigned’s employment by the Releasees, or any of them, or the termination
      thereof; any claim for wages, salary, commissions, bonuses, incentive payments,
      profit-sharing payments, expense reimbursements, leave, vacation, severance
      pay
      or other benefits; any claim for benefits under any stock option, restricted
      stock or other equity-based incentive plan of the Releasees, or any of them
      (or
      any related agreement to which any Releasee is a party); any alleged breach
      of
      any express or implied contract of employment; any alleged torts or other
      alleged legal restrictions on Releasee’s right to terminate the employment of
      the undersigned; and any alleged violation of any federal, state or local
      statute or ordinance including, without limitation, Title VII of the Civil
      Rights Act of 1964, the Age Discrimination in Employment Act, the Equal Pay
      Act,
      the Family Medical Leave Act, the Americans With Disabilities Act, the Employee
      Retirement Income Security Act, the National Labor Relations Act, the California
      Labor Code, the California Family Rights Act and the California Fair Employment
      and Housing Act, each as amended. Notwithstanding the foregoing, this Release
      shall not operate to release any rights or claims (and such rights or claims
      shall not be included in the definition of “Claims”) of the undersigned (i) with
      respect to payments or benefits under Section 5 of that certain Employment
      Agreement, dated as of January 29, 2008, between BreitBurn Management Company,
      LLC, Pro GP Corp., BreitBurn GP, LLC and the undersigned (the “Employment
      Agreement”),
      (ii)
      with respect to Sections 7, 10 and 11 of the Employment Agreement, (iii) to
      accrued or vested benefits he may have, if any, under any applicable plan,
      policy, program, arrangement or agreement of any BreitBurn Entity (as defined
      in
      the Employment Agreement), including, without limitation, pursuant to any equity
      or long-term incentive plans, programs or agreements, (iv) to indemnification
      and/or advancement of expenses pursuant to the corporate governance documents
      of
      any BreitBurn Entity or applicable law, or the protections of any director’ and
officers’
      liability policies of any BreitBurn Entity, (v) with respect to claims which
      arise after the date the undersigned executes this Release, or (vi) with respect
      to any Excluded Claims.

     

    
      
         

      

      
        23

        
          

        

      

      
         

      

    

    THE
      UNDERSIGNED ACKNOWLEDGES THAT HE HAS BEEN ADVISED BY LEGAL COUNSEL AND IS
      FAMILIAR WITH THE PROVISIONS OF CALIFORNIA CIVIL CODE SECTION 1542, WHICH
      PROVIDES AS FOLLOWS:

     

    “A
      GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW
      OR
      SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE,
      WHICH
      IF KNOWN BY HIM OR HER MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT
      WITH
      THE DEBTOR.”

     

    THE
      UNDERSIGNED, BEING AWARE OF SAID CODE SECTION, HEREBY EXPRESSLY WAIVES ANY
      RIGHTS HE MAY HAVE THEREUNDER, AS WELL AS UNDER ANY OTHER STATUTES OR COMMON
      LAW
      PRINCIPLES OF SIMILAR EFFECT.

     

    IN
      ACCORDANCE WITH THE OLDER WORKERS BENEFIT PROTECTION ACT OF 1990, THE
      UNDERSIGNED IS HEREBY ADVISED AS FOLLOWS:

     

    (1)  HE
      HAS
      THE RIGHT TO CONSULT WITH AN ATTORNEY BEFORE SIGNING THIS RELEASE;

     

    (2)  HE
      HAS
      FORTY-FIVE (45) DAYS FROM HIS SEPARATION FROM SERVICE (AS DEFINED IN THE
      EMPLOYMENT AGREEMENT) TO CONSIDER THIS RELEASE BEFORE SIGNING IT;
      AND

     

    (3)  HE
      HAS
      SEVEN (7) DAYS AFTER SIGNING THIS RELEASE TO REVOKE IT, AND THIS RELEASE WILL
      BECOME EFFECTIVE UPON THE EXPIRATION OF THAT REVOCATION PERIOD.

     

    The
      undersigned represents and warrants that there has been no assignment or other
      transfer of any interest in any Claim which he may have against Releasees,
      or
      any of them, and the undersigned agrees to indemnify and hold Releasees, and
      each of them, harmless from any liability, Claims, demands, damages, costs,
      expenses and attorneys’ fees incurred by Releasees, or any of them, as the
      result of any such assignment or transfer or any rights or Claims under any
      such
      assignment or transfer.  It is the intention of the parties that this
      indemnity does not require payment as a condition precedent to recovery by
      the
      Releasees against the undersigned under this indemnity.

     

    The
      undersigned agrees that if he hereafter commences any suit arising out of,
      based
      upon, or relating to any of the Claims released hereunder or in any manner
      asserts against Releasees, or any of them, any of the Claims released hereunder,
      then the undersigned shall pay to Releasees, and each of them, in addition
      to
      any other damages caused to Releasees thereby, all attorneys’ fees incurred by
      Releasees in defending or otherwise responding to said suit or Claim.

    
      
         

      

      
        24

        
          

        

      

      
         

      

    

    Nothing
      herein shall prevent the undersigned from raising or asserting any defense
      in
      any suit, claim, proceeding or investigation brought
      by any of the Releasees, and by raising or asserting any such defense, the
      undersigned shall not become obligated to pay attorneys’ fees under
      this
      paragraph.

     

    The
      undersigned further understands and agrees that neither the payment of any
      sum
      of money nor the execution of this Release shall constitute or be construed
      as
      an admission of any liability whatsoever by the Releasees, or any of them,
      who
      have consistently taken the position that they have no liability whatsoever
      to
      the undersigned.

     

    The
      undersigned acknowledges that different or additional facts may be discovered
      in
      addition to what is now known or believed to be true by him with respect to
      the
      matters released in this Agreement, and the undersigned agrees that this
      Agreement shall be and remain in effect in all respects as a complete and final
      release of the matters released, notwithstanding any different or additional
      facts.

     

    IN
      WITNESS WHEREOF, the undersigned has executed this Release this ____ day of
      ___________________, 20__.

     

    

    
      	 	 	 	 
	
            	 	 	
            
	
            	 	 	
              
[NAME]
	 	 	 	 

    

     

    
      
         

      

      
        25

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00139-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00139-of-00352.parquet"}]]