Document:

Eighth Amendment to Occluded Gas Lease

 Exhibit 10(f)(i) 
 EIGHTH AMENDMENT 
 TO OCCLUDED GAS LEASE 
 THIS AGREEMENT made and entered into by and between RGGS Land & Minerals, LTD, L.P., a Delaware corporation (“Lessor”)
a successor in interest to United States Steel Corporation and Energen Resources Corporation, an Alabama corporation, formerly known as Taurus Exploration, Inc. (“Lessee”), Lessor and Lessee are sometimes collectively referred to as the
“Parties”. 
 WITNESSETH: 
 WHEREAS, United States Steel Corporation and Taurus Exploration, Inc. entered into an Occluded Gas Lease dated January 1, 1986 covering certain lands in Jefferson and Tuscaloosa Counties, Alabama (the
“Lease”); and 
 WHEREAS, the Parties have previously amended the Lease by amendments dated April 30,
1987, January 1, 1989, June 1, 1990, December 11, 1990, January 1, 1993, December 16, 2002 and March 1, 2003 respectively; and 
 WHEREAS, Lessor and Lessee desire to make this Eighth Amendment to the Occluded Gas Lease for the purpose of amending the method for
determining the Treatment Factor, and further addressing measurement of gas; 
 NOW THEREFORE, Lessor and Lessee, intending
to be legally bound, do hereby agree as follows: 
 Paragraph 1.20 of Article I of the Occluded Gas Lease shall be amended to
read as follows: 
 1.20        Treatment Factor: as
used herein, the amount determined by either subparagraph A) or B) below to allow Lessee to recover all costs of obtaining and/or constructing facilities that are not included in the Payout account, i.e. for gathering, compression, treatment
dehydration, and transportation to the delivery point at which gas enters either an interstate pipeline or the Alagasco system: 
 A)        At all times, that the Average Monthly Sales Price (as hereinafter defined) is greater than $5.00 per MMBtu, the Treatment Factor shall be the
amount of $0.78 per MMBtu or such other amount that is in effect from time to time, adjusted; (a) as of January 1 of each year beginning January 1, 1987 upward by 20% of the difference between (1) 95% (to read 100% until the
expiration of the first 5 years of this Lease or until Article 1.22(a) (8) [2] comes into effect, whichever comes first) of the OCD-2 Rate in effect as of said date and (2) the sum of the Wellhead Price under Article 1.22(a) and the
Treatment Factor, both as in effect as of the day prior to the adjustment; provided however, that the cumulative amount of all such increases shall not exceed $.01 per MMBtu times the number of 

  

 1 

 
years elapsed between the commencement of this Lease and date of the adjustment; and (b) as of the first day of each month shall be adjusted by 5.5% of
any increase or decrease in the Average Wellhead Price in effect for production from the immediately preceding month as compared to the Average Wellhead Price in effect for production from the second preceding month; in no case, however shall the
Treatment Factor be reduced other than as a result of this 1.20. 
 B)        Effective January 1, 2009, if the Average Monthly Sales Price for any month falls below $5.00 per MMBtu, (the “Below Threshold Month”) then the Treatment Factor for the Below
Threshold Month shall be suspended and the Lessor shall be charged during said month an amount equal to the Actual Recovery Costs (as hereinafter defined). 
 For purposes of this Paragraph 1.20 only, the term “Average Monthly Sales Price” shall be
defined as the average price received by Lessee for sales of that month’s total production. 
 For purposes of this Paragraph 1.20 only, the term “Actual Recovery Costs” shall be defined as all costs beyond the wellhead for operating the systems used for gathering, compression, treatment, dehydration, and transportation to
the delivery point at which gas enters either an interstate pipeline or the Alagasco system, and which are not a part of the net profits calculation including but not limited to: 
 i) Actual fuel costs, based on Average Monthly Sales Price for the Below Threshold Month; 
 ii) All O&M costs including but not limited to labor, supervision, contract services, compressor rent,
field office expenses, fuel (other than fuel included pursuant to B(i) above) and power, lubricants, material and parts and dehydration; and, 
 iii) For owned units, compressor rent at current market rates for similarly sized compressors. 
 The first paragraph of Paragraph 7.2 is amended to read as follows (with the examples as inserted in the Fourth Amendment to remain unchanged): 
 7.2        Lessee shall maintain and operate at its sole expense
measuring stations located at each wellhead. Said measuring stations shall be equipped with turbine or rotary meters or other types of meters with totalizer as agreed to by Lessor and Lessee so as to accomplish the accurate measurement of volumes of
Occluded Gas produced hereunder. To avoid the expense of wellhead temperature compensation equipment, Lessee may allocate back to the individual well the full production stream, measured at the Sales Meters, as defined in Section 7.10 below,
plus fuel. Such allocation will be based on each wellhead meter’s production as a percentage of total. 
  

 2 

 Paragraph 7.10 is hereby added to Article 7 as follows: 
 7.10        Lessee will provide to Lessor a monthly comparison
detailing the send out volumes from the Lessee-owned compressor meters (the “Compressor Meters”) and the volumes from the corresponding third-party owned sales meters (the “Sales Meters”). When the Compressor Meters volume
exceeds the Sales Meters volume by more than two percent (2%) in the aggregate, then the Lessee shall check the Compressor Meters for accuracy and request that the Sales Meters be checked for accuracy: 
 i) If it is determined that the Compressor Meters are in error, they will be corrected in accordance with
Paragraph 7.7 hereof; 
 ii) If it is determined that the Sales Meters are in error, then the
Lessee will seek appropriate adjustments from the purchaser of the Occluded Gas in accordance with the terms of the gas sales agreement governing such purchases. 
 iii) If it is determined that both the Sales Meters and the Compressor Meters are correct then the Lessee
shall make an adjustment to the amounts paid to the Lessor to account for the differences in the volumes so that the Lessor shall not bear the risk of the unaccounted for gas outside the two percent (2%) tolerance. Such adjustments shall be
made for a period of time extending to the date of the last monthly comparison. 
 Notwithstanding the preceding, at any time the Treatment Factor is equal to the Actual Recovery Costs, Lessor will bear its share of the unaccounted for volumes and no additional volume payments will be made under this provision.

 In all other respects the terms and conditions of the Occluded Gas Lease, as previously amended, shall remain unchanged.

 The parties hereto further agree that the foregoing amendment to the Occluded Gas Lease shall be effective on Effective
Date and shall not have retroactive effect. 
 IN WITNESS WHEREOF,
this Agreement shall be effective as of the 1st day of January 2009 (the “Effective Date”). 
  

							
	 WITNESS:
	 		 	 RGGS LAND & MINERALS, LTD., L.P.

			
	  
	 		 	  

		 		 	Name:	 	  

		 		 	Title:	 	  

		 		 	Date:	 	  

		 		 	WITNESS:    ENERGEN RESOURCES
			
	 CORPORATION
	 		 	
			
	  
	 		 	  

		 		 	Name:	 	 John S. Richardson

		 		 	Title:	 	 Executive Vice President and Chief Operating Officer

		 		 	Date:	 	  

  

 3Nalco Holding Company Amended and Restated 2004 Stock Incentive Plan

 Exhibit 10.66 
 NALCO HOLDING COMPANY 
 2004 STOCK INCENTIVE PLAN 
 RESTRICTED SHARES GRANT AGREEMENT 
 Steve M. Taylor 
 THIS AGREEMENT, is made effective as of June 7, 2007 (the “Grant Date”) (the
fifth business date of the month following the month of Mr. Taylor was promoted), between Nalco Holding Company (the “Company”) and Steve M. Taylor (the “Participant”). 
 R E C I T A L S: 
 WHEREAS, the Company has adopted the Plan (as defined below), the terms of which are hereby incorporated by reference and made a part of this Agreement; and 
 WHEREAS, the Compensation Committee of the Board of Directors of the Company (the “Committee”) has determined that the Participant be granted
the Restricted Shares provided for herein pursuant to the Plan and the terms set forth herein. 
 NOW, THEREFORE, in consideration of the
mutual covenants hereinafter set forth, the parties agree as follows: 
 1. Definitions. Whenever the following terms are used in this
Agreement, they shall have the meanings set forth below. Capitalized terms not otherwise defined herein shall have the same meanings as in the Plan. 
 (a) “Plan” means the Nalco Holding Company 2004 Stock Incentive Plan, as the same may be amended, supplemented or modified from time to time. 
 (b) “Restricted Shares” means the shares of the Company’s common stock, par value $0.01 per share subject to the Time
Restrictions. 
 (c) “Time Restrictions” means those restrictions described in Exhibit A to this Agreement.

 (d) “Vested Shares” means those Restricted Shares that are no longer subject to Time Restrictions. 
 2. Grant of Restricted Shares. The Company hereby grants to the Participant, subject to the terms and conditions of this Agreement and the Plan,
Restricted Shares with a value of $400,000 as determined by the closing date price of the Nalco Holding Company Stock on the fifth business day of the month following the date of this grant, June 7, 2007. The Restricted Shares shall be subject
to the Time Restrictions and the other terms and conditions stated herein. The Closing Date Stock price for NLC on June 7, 2007 was $26.13, meaning that the size of this grant will be 15,308 Restricted Shares. 

 3. Delivery of Restricted Shares. 
 (a) In General. The Company shall issue a note in its electronic stock registry (without the issuance of certificates) the Restricted Shares in the
name of the Participant which shall bear a legend which shall provide that: 
 The shares of Nalco Holding Company are subject to the terms
and restrictions of the Nalco Holding Company 2004 Stock Incentive Plan and the Restricted Shares Agreement between the Participant and the Company (the “Grant Agreement”), such shares are subject to forfeiture or cancellation under the
terms of such Plan and the terms of the Grant Agreement under which the shares were issued, and such shares shall not be sold, transferred, assigned, pledged, encumbered or otherwise alienated or hypothecated except pursuant to the provision of such
Plan and the Grant Agreement, copies of which are available from the Secretary of Nalco Holding Company. 
 (b) Change of Control.
Notwithstanding the foregoing, upon a Change of Control, the Time Restrictions upon the Restricted Shares shall be lifted by the Company. 
 (c) Termination of Service. If the Participant ceases to be an employee of the Company or its affiliates for reasons other than death or disability or retirement in accordance with the normal retirement programs at the Company, the
Restricted Shares, other than Vested Shares, shall be immediately forfeited and canceled by the Company without any payment or other consideration. 
 (d) Satisfaction of Time Restrictions. If the Time Restrictions are satisfied for the Restricted Shares, prior to their forfeiture and subject to the other terms and conditions stated herein, the Company shall release the legend on
such Restricted Shares as related to the Time Restrictions. 

 (d) Registration or Qualification. Notwithstanding any other provision of the Plan or this
Agreement to the contrary, absent an available exemption to registration or qualification, the Restricted Shares may not be delivered prior to the completion of any registration or qualification of the Restricted Stock Units or the Shares to which
they relate under applicable state and federal securities or other laws, or under any ruling or regulation of any governmental body or national securities exchange that the Board or the Company’s Compensation Committee (“Committee”)
shall in its sole reasonable discretion determine to be necessary or advisable. 
 4. Legend on Vested Shares. The Vested Shares
issued to the Participant upon the vesting of the Restricted Shares shall be subject to such stop transfer orders and other restrictions as the Committee may deem reasonably advisable under the Plan or the rules, regulations, and other requirements
of the Securities and Exchange Commission, any stock exchange upon which such Shares are listed, any applicable federal or state laws or the Company’s Certificate of Incorporation and Bylaws, and the Committee may cause a legend or legends to
be put on any such certificates to make appropriate reference to such restrictions. 
 5. Transferability. Unless otherwise determined
by the Committee, Restricted Shares may not be assigned, alienated, pledged, attached, sold or otherwise transferred or encumbered by the Participant otherwise than by will or by the laws of descent and distribution, and any such purported
assignment, alienation, pledge, attachment, sale, transfer or encumbrance shall be void and unenforceable against the Company or any Affiliate; provided that the designation of a beneficiary shall not constitute an assignment, alienation, pledge,
attachment, sale, transfer or encumbrance. 
 6. Withholding. The Company or its Affiliate shall have the right to withhold from any
payment due or transfer made with respect to the Restricted Shares or the Participant’s employment, any applicable withholding taxes in respect of the Restricted Shares or any payment or transfer with respect to the Restricted Shares or under
the Plan and to take such action as may be necessary in the option of the Company to satisfy all obligations for the payment of such taxes. 
 7. Securities Laws. Upon the acquisition of any Vested Shares pursuant to the vesting of the Restricted Shares, the Participant will make or enter into such written representations, warranties and agreements as the Committee may
reasonably request in order to comply with applicable securities laws or with this Agreement. 
 8. Notices. Any notice under this
Agreement shall be addressed to the Company in care of its General Counsel at the principal executive office of the Company and to the Participant at the address appearing in the personnel records of the Company for the Participant or to either
party at such other address as either party hereto may hereafter designate in writing to the other. Any such notice shall be deemed effective upon receipt thereof by the addressee. 
 9. Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of New York, without regard to
conflicts of laws. 

 10. Restricted Shares Subject to the Plan. By entering into this Agreement the Participant agrees
and acknowledges that the Participant has received and read a copy of the Plan. The Restricted Shares the Vested Shares received upon vesting are subject to the Plan. The terms and provisions of the Plan as it may be amended from time to time are
hereby incorporated by reference. In the event of a conflict between any term or provision contained herein and a term or provision of the Plan, the applicable terms and provisions of the Plan will govern and prevail 
 11. Counterparts. This Agreement may be executed in any number of counterparts, each of which when so executed shall be deemed to be an original
and all of which taken together shall constitute one and the same agreement. Any counterpart or other signature hereupon delivered by facsimile shall be deemed for all purposes as constituting good and valid execution and delivery of this Agreement
by such party. 
 IN WITNESS WHEREOF, this Agreement has been executed and delivered by the parties hereto. 
  

			
	NALCO HOLDING COMPANY
		
	By	 	 /S/ Mary Manupella

	Its:	 	Vice President – Human Resources
	
	 /S/ Steve M. Taylor

	Participant

 Exhibit A 
 Time Restrictions 
 The Participant’s Restricted Shares under this grant shall vest in the following four
equal installments: 
 On December 31, 2007, subject to all other terms and conditions in this Agreement and the Plan, the time restriction on
one-fourth of the Restricted Shares shall be lifted and they shall become Vested Shares. 
 On December 31, 2008, subject to all other terms and
conditions in this Agreement and the Plan, the time restriction on one-fourth of the Restricted Shares shall be lifted and they shall become Vested Shares. 
 On December 31, 2009, subject to all other terms and conditions in this Agreement and the Plan, the time restriction on one-fourth of the Restricted Shares shall be lifted and they shall become Vested Shares. 
 On December 31, 2010, subject to all other terms and conditions in this Agreement and the Plan, the time restriction on one-fourth Restricted Shares shall be
lifted and they shall become Vested Shares

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