Document:

Stock Plan and Agreement

 Exhibit 10.1 
 STOCK OPTION AND RESTRICTED STOCK 
 PLAN AND AGREEMENT WITH EDWARD CALNAN 
 This Stock Option and Restricted Stock Plan and Agreement (this “Agreement”), is made effective as of September 16, 2006 (the
“Effective Date”), by and between Document Sciences Corporation, a Delaware corporation (the “Company”), and Edward Calnan (“Grantee”). 
 RECITALS 
 WHEREAS, the Company has agreed to employ Grantee starting on September 16, 2006 under
terms and conditions set forth in that certain employment agreement dated of July 27, 2006 (the “Executive Employment Agreement”), by and between the Company and Grantee. 
 WHEREAS, for the purpose of encouraging and rewarding Grantee’s contributions to the performance of the Company and aligning Grantee’s
interests with the interests of the Company’s stockholders, and as inducement material to Grantee entering into the Executive Employment Agreement with the Company, the Company, in the Executive Employment Agreement, has agreed to grant to
Grantee options to purchase 25,000 shares of Company common stock, $0.01 par value per share (the “Common Stock”) and a restricted stock award of 25,000 shares of Common Stock as of the Effective Date. 
 AGREEMENT 
 NOW, THEREFORE, to
evidence the grant of options and awarding of restricted stock by the Company and to set forth the terms and conditions of the grant of options and the restricted stock award, the Company and Grantee hereby agree as follows: 
 1. Grant of Options. The Company hereby grants to Grantee, effective as of the Effective Date, non-qualified options to purchase up to 25,000
shares of Common Stock on the terms and subject to the conditions set forth herein (the “Options”). 
 2. Exercisability and
Exercise Price. The Options will become exercisable according to the following schedule: 30% of the Options will vest on and as of September 16, 2007, and the remaining 70% will vest ratably on a monthly basis on and as of the last day of
each calendar month over the 24 calendar months following September 16, 2007, at an option exercise price equal to $6.20 per share (the “Exercise Price”), which represents 100% of the Fair Market Value (as defined below) per share of
Common Stock as of the Effective Date. Unless otherwise provided in this Agreement, no Option may be exercised unless Grantee is then employed by the Company and unless Grantee has remained continuously employed by the Company since the Effective
Date. 
 As used in this Agreement, “Fair Market Value” per share at any date shall mean (a) if the Common Stock is listed on
an exchange or exchanges, the last reported sales price per share on such date on the principal exchange on which it is traded; or (b) if the Common Stock is traded on the Nasdaq Stock Market, the last reported sales price per share for the
Common Stock; or (c) if the Common Stock is not listed on an exchange or traded on the Nasdaq Stock Market, an amount determined in good faith by the Compensation Committee of the Company’s Board of Directors (the “Compensation
Committee”), taking into account the price at which securities of reasonably comparable corporations are being traded, 

 
adjusted for any dissimilarities, and the earnings history, book value and prospects of the Company in light of then existing general market conditions.

 3. Termination of Options. 
 (a) Unless an earlier termination date occurs as specified in this Section 3, the Options will expire and become unexercisable (whether or not then exercisable) on the tenth (10th) anniversary of the
Effective Date (the “Expiration Date”). 
 (b) If Grantee’s employment with the Company is terminated by the
Company for Cause (as such term is defined in the Executive Employment Agreement) prior to the Expiration Date, all Options shall terminate immediately as of the date of Grantee’s termination of employment. 
 (c) If Grantee’s employment with the Company is terminated for any reason other than as set forth in Section 3(b) hereof
(including if due to death, disability or retirement), all outstanding Options may be exercised by Grantee until the earlier of (i) three months after the date of such termination and (ii) the Expiration Date. 
 4. Manner of Exercise of Options; Medium and Time of Payment. 
 (a) To the extent that the Options have become and remain exercisable as provided in Sections 2 and 3, and subject to such reasonable
administrative regulations as the Compensation Committee may adopt, the Options may be exercised, by (i) giving written notice of such exercise to the Compensation Committee, specifying the number of Exercise Shares and the date on which the
Grantee intends to exercise the Options (the “Exercise Date”), (ii) delivering to the Compensation Committee proof of assignment (if the holder of the Options is not the Grantee) and (iii) making adequate arrangements to take
care of the required withholding obligations. 
 (b) The Exercise Price shall be paid in full, at the time of exercise, in
cash or cash equivalents or, with the approval of the Compensation Committee, in shares of Common Stock which have been held by Grantee for a period of at least six calendar months preceding the date of surrender and which have an aggregate Fair
Market Value equal to the Exercise Price, or in a combination of cash and such shares, and may be effected in whole or in part (i) with monies received from the Company at the time of exercise as a compensatory cash payment; or
(ii) through a sale and remittance procedure pursuant to which Grantee shall concurrently provide irrevocable instructions to (A) a brokerage firm to effect the immediate sale of the purchased shares and remit to the Company, out of the
sale proceeds available on the settlement date, sufficient funds to cover the aggregate Exercise Price payable for the purchased shares plus all applicable income and employment taxes required to be withheld by the Company by reason of such exercise
and (B) the Company to deliver the certificates for the purchased shares directly to such brokerage firm in order to complete the sale. Any shares of Common Stock or other non-cash consideration assigned and delivered to the Company in payment
or partial payment of the Exercise Price will be valued at Fair Market Value per share on the exercise date. 
 (c) The
Compensation Committee may require Grantee to furnish or execute such other documents as the Compensation Committee reasonably deems necessary: (i) to evidence such exercise and (ii) to comply with or satisfy the requirements of the
Securities Act of 1933, as amended, applicable state securities laws or any other law. 
 5. Restricted Stock Award. The Company
hereby grants to Grantee, effective as of the Effective Date, a restricted Stock award of 25,000 shares of Common Stock on the terms and subject to the conditions set forth herein (the “Restricted Stock”). 

 6. Vesting of Restricted Stock. 
 (a) The Restricted Stock will vest as follows according to the following schedule: 30% of the Restricted Stock will vest at and as of
September 16, 2007, the next 30% of the Restricted Stock will vest at and as of September 16, 2008, and the final 40% of the Restricted Stock will vest at and as of September 16, 2009, provided that as of each such date, Grantee is
then employed by the Company and has remained continuously employed by the Company since the Effective Date. 
 (b) Any new,
substituted or additional securities or other property (including money paid other than as a regular cash dividend) which Grantee may have the right to receive with respect to Grantee’s unvested shares of Restricted Stock by reason of any stock
dividend, stock split, reverse stock split, recapitalization, combination of shares, exchange of shares or other change affecting the outstanding Common Stock as a class without the Company’s receipt of consideration shall be issued subject to
(i) the same vesting requirements applicable to such unvested shares of Restricted Stock and shall be treated as if they had been acquired on the same date as such shares and (ii) such escrow arrangements as the Compensation Committee
shall deem appropriate. 
 7. Repurchase Right With Respect to Restricted Stock. Should Grantee cease to be employed by the Company
while one or more shares of Restricted Stock issued pursuant to this Agreement are unvested, then the Company shall have the right to repurchase all such unvested shares of Restricted Stock at the Fair Market Value per share of such Restricted
Stock. The Repurchase Right may be exercised by the Company only within ninety days of the date of Grantee’s termination of employment by written notice to Grantee. Any repurchases must be done in compliance with applicable state corporate law.

 8. Restrictions on Exercise or Issuance of Restricted Stock. Notwithstanding anything to the contrary in this Agreement, no shares
of Restricted Stock and no shares of Common Stock issuable upon exercise of the Options (the “Exercise Shares”) shall be deemed issued unless and until: (i) any then applicable requirements of state or federal laws and regulatory
agencies shall have been fully complied with to the satisfaction of the Company and its counsel and (ii) all approvals and permits required by regulatory authorities have been obtained. The Company shall use commercially reasonable efforts to
obtain the consents and approvals referred to in this Section 8 so as to permit the Options to be exercised and the Restricted Stock to be issued. 
 9. Non-Transferability of Options. The Options and the Restricted Stock shall not be transferable otherwise than by will or by the laws of descent and distribution, and the Options may be exercised only during
the lifetime of Grantee and only by Grantee or by his guardian or legal representative. 
 10. Withholding. 
 (a) Disqualifying Disposition. If Grantee makes a “disposition” (as defined in the Internal Revenue Code of 1986, as
amended) of all or any of the shares purchased upon exercise of an Option within two years from the Effective Date or within one year after the issuance of such shares, he shall immediately advise the Company in writing as to the occurrence of the
sale and the price upon the sale of such shares. 
 (b) Withholding Required. Grantee shall, no later than the date as
of which the value derived from an Option or share of Restricted Stock first becomes includable in the gross income of Grantee for income tax purposes, pay to the Company, or make arrangements satisfactory to the Compensation Committee regarding
payment of, any federal, state or local taxes of any kind required by 

 
law to be withheld with respect to the Option, its exercise or the share of Restricted Stock. The obligations of the Company under this Agreement shall be
conditioned upon such payment or arrangements and Grantee shall, to the extent permitted by law, have the right to request that the Company deduct any such taxes from any payment of any kind otherwise due to Grantee. 
 (c) Withholding Right. The Compensation Committee may, in its discretion, grant to Grantee the right (a “Withholding
Right”) to elect to make such payment by irrevocably requiring the Company to withhold from shares issuable upon exercise of an Option that number of full shares of Common Stock having an aggregate Fair Market Value on the Tax Date (as defined
below) equal to the amount (or portion of the amount) required to be withheld. The Withholding Right may be granted with respect to all or any portion of the Options. 
 (d) Exercise of Withholding Right. To exercise a Withholding Right, Grantee must follow the election procedures set forth below,
together with such additional procedures otherwise adopted by the Compensation Committee. 
 (1) Grantee must deliver to the
Company his written notice of election (the “Election”) to have the Withholding Right apply to all (or a designated portion) of the Options. 
 (2) Unless disapproved by the Compensation Committee as provided in subsection (3) below, the Election once made will be irrevocable. 
 (3) No election is valid unless the Compensation Committee consents to the Election; the Compensation Committee has the right and power,
in its sole discretion, with or without cause or reason therefore, to consent to the Election, to refuse to consent to the Election, or to disapprove the Election; and if the Compensation Committee has not consented to the Election on or prior to
the date that the amount of tax to be withheld is, under applicable federal income tax laws, fixed and determined by the Company (the “Tax Date”), the Election will be deemed approved. 
 (e) Effect. If the Compensation Committee consents to an Election of a Withholding Right, upon the exercise of any Option to which
the Withholding Right relates, the Company shall withhold from the shares otherwise issuable that number of full shares of Common Stock having an actual aggregate Fair Market Value equal to the amount (or portion of the amount, as applicable)
required to be withheld under applicable federal and/or state income tax laws as a result of the exercise. 
 11. No Other Rights; No
Rights as Stockholder. 
 (a) Except as expressly provided in Section 12 below, Grantee shall have not any rights by
reason of any subdivision or consolidation of shares of Common Stock or the payment of any dividend or any other increase or decrease in the number of shares of Common Stock of any class or by reason of any Liquidating Event (as defined in
Section 12 below), merger, or consolidation of assets or stock of another corporation, or any other issue by the Company of shares of stock of any class, or securities convertible into shares of stock of any class; and except as provided in
Section 12 below, none of the foregoing events shall affect, and no adjustment by reason thereof shall be made with respect to, the number or price of shares of Common Stock subject to Options. 
 (b) No Rights as Stockholder. Except as specifically provided in Section 12 below, Grantee shall have no rights as a
stockholder of the Company with respect to any shares of Restricted Stock or shares covered by the Options until the date of the issuance of a Common Stock certificate to him for such shares, and no adjustment shall be made for dividends (ordinary
or extraordinary, whether in 

 
cash, securities or other property) or distributions of other rights for which the record date is prior to the date such Common Stock certificate is issued,
except as provided in Section 12(a)(2) or 12(a)(3). 
 12. Adjustments. 
 (a) Effect of Certain Changes. 
 (1) Stock Dividends, Splits, Etc. If there is any change made to the Common Stock through the declaration of stock dividends or through a recapitalization resulting in stock splits, or combinations or exchanges
of the outstanding shares or other change affecting the Common Stock as a class without the Company’s receipt of consideration, (i) the class and the number of shares covered by outstanding Options and Restricted Stock, and (ii) the
Exercise Price or purchase price of any Option or Restricted Stock, as applicable, in effect prior to such change, shall be proportionately adjusted by the Compensation Committee. Such adjustments are to be affected in a manner that shall preclude
the enlargement or dilution of rights and benefits under the Options and the Restricted Stock. Any fractional shares resulting from the adjustment shall be eliminated. 
 (2) Liquidating Event. In the event of a proposed dissolution or liquidation of the Company , or in the event of any corporate
separation or division, including, but not limited to, a split-up, split-off or spin-off (each such event, a “Liquidating Event”), the Compensation Committee may provide that the Grantee shall have the right to exercise an exercisable
Option at its Exercise Price subsequent to the Liquidating Event, and for the balance of its term, solely for the kind and amount of shares of Common Stock and other securities, property, cash or any combination thereof receivable upon such
Liquidating Event by a holder of the number of shares of Common Stock for or with respect to which such Option might have been exercised immediately prior to such Liquidating Event; or the Compensation Committee may provide, in the alternative, that
each Option granted hereunder shall terminate as of a date to be fixed by the Board; provided, however, that not less than 30 days written notice of the date so fixed shall be given to Grantee and if such notice is given, Grantee shall have the
right, during the period of 30 days preceding such termination, to exercise the Option as to all or any part of the shares of Common Stock covered thereby, to the extent that such Option is then exercisable, on the condition, however, that the
Liquidating Event actually occurs; and if the Liquidating Event actually occurs, such exercise shall be deemed effective (and, if applicable, the Grantee shall be deemed a stockholder with respect to the Options exercised) immediately preceding the
occurrence of the Liquidating Event, or the date of record for stockholders entitled to share in such Liquidating Event, if a record date is set. 
 (3) Where Company Survives. In case of any consolidation or merger of another corporation into the Company in which the Company is the surviving corporation and in which there is a reclassification or change
(including a change to the right to receive an amount of money payable by cash or cash equivalent or other property) of the shares of Common Stock (other than a change in par value, or from par value to no par value, or as a result of a subdivision
or combination, but including any change in such shares into two or more classes or series of shares), the Compensation Committee may provide that for each Option then exercisable, the Grantee shall have the right to exercise such Option solely for
the kind and amount of shares of Common Stock and other securities (including those of any new direct or indirect parent of the Company), property, cash or any combination thereof receivable upon such reclassification change, consolidation or merger
by the holder of the number of shares of Common Stock for which such Option might have been exercised. 

 (4) Surviving Company Defined. The determination as to which party to a merger or
consolidation is the “surviving corporation” shall be made on the basis of the relative equity interests of the stockholders in the corporation existing after the merger or consolidation, as follows: if immediately following any merger or
consolidation the holders of outstanding voting securities of the Company immediately prior to the merger or consolidation own equity securities possessing more than 50% of the voting power of the corporation existing following the merger or
consolidation, then for purposes of this Agreement, the Company shall be the surviving corporation. In all other cases, the Company shall not be the surviving corporation. In making the determination of ownership by the stockholders of a corporation
immediately after the merger or consolidation, of equity securities pursuant to this Section 12(a)(4), equity securities which the stockholders owned immediately before the merger or consolidation as stockholders of another party to the
transaction shall be disregarded. Further, for purposes of this Section 10.1(d) only, outstanding voting securities of a corporation shall be calculated by assuming the conversion of all equity securities convertible (immediately or at some
future time) into shares entitled to vote. 
 (5) Par Value Changes. In the event of a change, with respect to the
Common Stock of the Company as presently constituted, of all of the Company’s authorized shares with par value, into the same number of shares without par value, or a change in the par value, the shares resulting from any such change shall be
“Common Stock” within the meaning set forth in this Agreement. 
 (6) Change of Control. As used in this
Agreement, the term “Change of Control” shall mean the occurrence of any of the following events: (i) any “person” (as such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended (the
“Exchange Act”)) becoming the “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the Company representing 50% or more of the total voting power represented by the
Company’s then outstanding voting securities; (ii) the approval by stockholders of the Company of a merger or consolidation of the Company with any other corporation, other than a merger or consolidation which would result in the voting
securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity) at least 50% of the total voting power represented by the
voting securities of the Company or such surviving entity outstanding immediately after such merger or consolidation, or (iii) the approval by the stockholders of the Company of a plan of complete liquidation of the Company or an agreement for
the sale or disposition by the Company of at least 50% or more of the Company’s assets determined at their fair market value. 
 In the event of a Change of Control, notwithstanding anything to the contrary in this Agreement, all outstanding Options and Restricted Stock shall be fully vested and exercisable immediately prior to the Change of Control. The Company
shall notify Grantee (5) days prior to the Change of Control either in writing or electronically that the Options and Restricted Stock shall be fully vested and exercisable. The Options and Restricted Stock shall terminate in accordance with
its term, or if earlier, upon the Change of Control if the Right is not assumed or substituted for. 
 (b) Decision of
Compensation Committee Final. The Compensation Committee in its sole discretion shall determine the occurrence of a Change of Control pursuant to this section. To the extent that the foregoing adjustments relate to stock or securities of the
Company, such adjustments shall be made by the Compensation Committee, whose determination in that respect shall be final, binding and conclusive. 

 13. Market Stand-Off. In connection with any underwritten public offering by the Company of its
equity securities pursuant to an effective registration statement filed under the Securities Act of 1933, as amended, Grantee agrees not to sell, make any short sale of, loan, hypothecate, pledge, grant any option for the purchase of, or otherwise
dispose or transfer or otherwise agree to engage in any of the foregoing transactions with respect to any shares purchased by Grantee upon exercise of the Options or vesting of the Restricted Stock without the prior written consent of the Company or
its underwriters, for such period of time from and after the effective date of such registration statement as may be requested by the Company or such underwriters; provided, however, that in no event shall such period exceed 180 days. 
 14. Certain Representations and Warranties by Grantee. Grantee hereby represents and warrants to the Company that (i) by reason of
Grantee’s business or financial experience, Grantee has the capacity to protect his own interests in connection with the grant of the Options and the Restricted Stock and all other transactions contemplated by this Agreement and
(ii) Grantee is acquiring the Options, the shares of Restricted Stock and the shares of Common Stock underlying the Options for his own account and not with a view to or for sale in connection with any distribution of any such securities.

 15. Indemnification. To the maximum extent permitted by law, the Company shall indemnify each member of the Compensation Committee,
as well as any other employee of the Company with duties under this Agreement, against expenses and liabilities (including any amount paid in settlement) reasonably incurred by such individual in connection with any claims against the individual by
reason of the performance of the individual’s duties under this Agreement, unless the losses are due to the individual’s gross negligence or lack of good faith. The Company will have the right to select counsel and to control the
prosecution or defense of the suit. In the event that more than one person who is entitled to indemnification is subject to the same claim, all such persons shall be represented by a single counsel, unless such counsel advises the Company in writing
that he or she cannot represent all such persons under applicable rules of professional responsibility. The Company will not be required to indemnify any person for any amount incurred through any settlement unless the Company consents in writing to
the settlement. 
 IN WITNESS WHEREOF, the Company and Grantee have executed this Agreement as of the date first above written. 

 

	
	DOCUMENT SCIENCES CORPORATION:
	
	 /s/ John L. McGannon

	 John L. McGannon

	 Chief Executive Officer

	
	GRANTEE:
	
	 /s/ Edward Calnan

	 Edward CalnanAgreement and Plan of Merger dated June 30, 2006

 Exhibit 4.3 
 AGREEMENT AND PLAN OF MERGER 
 of 
 SOUTH LOUISIANA PROPERTY HOLDINGS ACQUISITION COMPANY, INC. 
 with and into

 SOUTH LOUISIANA PROPERTY HOLDINGS, INC. 
 This Agreement and Plan of Merger (this “Agreement”) is entered into as of June 30, 2006, pursuant to Section 112 of the Louisiana Business Corporation Law (the “LBCL”), by
and among Ascent Energy Inc., a Delaware corporation (“Ascent”), South Louisiana Property Holdings, Inc., a Louisiana corporation formerly known as Forman Petroleum Corporation (“SLPH” or the “Surviving
Entity”), and South Louisiana Property Holdings Acquisition Company, Inc., a Louisiana corporation and a wholly owned subsidiary of Ascent (“Merger Sub”) (SLPH and Merger Sub being sometimes collectively referred to as the
“Constituent Entities”). 
 WHEREAS, Merger Sub, upon the terms and subject to the conditions of this Agreement and in
accordance with the LBCL, will merge with and into SLPH (the “Merger”); 
 WHEREAS, the respective Boards of Directors of
Ascent, SLPH and Merger Sub have authorized, approved, adopted and declared advisable, this Agreement and the Merger and the other transactions contemplated hereby; 
 WHEREAS, for federal income tax purposes, it is intended that the Merger qualify as a transaction described in Section 368 of the United States Internal Revenue Code of 1986, as amended (the
“Code”), and that this Agreement constitute a plan of reorganization; and 
 NOW, THEREFORE, in consideration of the
foregoing and the representations, warranties, covenants and agreements herein contained, the parties to this Agreement agree as follows: 
 1. Parties. The name and state of incorporation of each business entity that is a party to the Merger are as follows: 
  

			
	 Name of Constituent Entity
	  	 Jurisdiction of Organization

	 South Louisiana Property Holdings, Inc.
	  	 Louisiana

	 South Louisiana Property Holdings Acquisition Company, Inc.
	  	 Louisiana

 SLPH will be the Surviving Entity in the Merger. No new entity is being created
by the terms of this Agreement. 
 2. Terms and Conditions. The terms and conditions of the Merger, and the mode of
carrying the Merger into effect, are as follows: 
 (a) Merger. Upon the terms and subject to the
conditions set forth in this Agreement, and in accordance with the applicable provisions of this Agreement and the 

 
LBCL, at the Effective Time (as defined below) Merger Sub shall be merged with and into SLPH, whereupon the separate existence of Merger Sub shall cease and
SLPH shall continue as the surviving corporation. The Merger shall have the effect with respect to each of the Constituent Entities as provided in Section 115 of the LBCL. Without limiting the generality of the foregoing, and subject thereto,
at the Effective Time, all the properties, rights, privileges and powers of SLPH and Merger Sub shall vest in the Surviving Entity, and all debts due of SLPH and Merger Sub shall vest in the Surviving Entity. 
 (b) Effective Time. The parties shall cause the Merger filing with the Secretary of State of the State of Louisiana
of a certificate of merger duly executed in the manner required by the LBCL (the “Certificate of Merger”), and the Constituent Entities shall take such other and further actions as may be required by law to make the Merger
effective. The time the Merger becomes effective in accordance with the LBCL shall be the time specified in the Certificate of Merger, which is referred to as the “Effective Time.” 
 3. Conversion of Interests. The manner and basis of converting or cancelling the interests of each of the parties hereto shall be as
follows:
 (a) Conversion of SLPH Shares. 
 (i) At the Effective Time, by virtue of the Merger and without any action on the part of the holders thereof, each issued and outstanding
share of common stock, $0.01 par value per share, of SLPH (the “SLPH Shares”) shall be converted into such number of shares of common stock, $0.001 par value per share (the “Common Stock”), of Ascent as shall be
approved by the Board of Directors of Ascent or an authorized committee thereof (such number, the “Ratio”), with each SLPH Share being converted into the same number of shares of Common Stock such that the indirect ownership of
Common Stock of each holder of SLPH Shares, solely by virtue of such holder’s ownership of SLPH Shares, immediately prior to the Effective Time shall be the same as such holder’s direct ownership of Common Stock immediately following such
Effective Time, solely by virtue of the Merger. All such shares of Common Stock (the “Shares”) will be duly issued, fully paid and nonassessable. From and after the Effective Time, all SLPH Shares converted pursuant to this
Section 3(a)(i) shall no longer be outstanding and shall automatically be canceled and retired and shall cease to exist, and each holder of SLPH Shares immediately prior to the Effective Time shall cease to have any rights in respect thereof,
except the right to receive that portion of the Shares into which such SLPH Shares were converted pursuant to the Merger and this Section 3(a)(i) and certain dividends and distributions provided in Section 3(e). 
 (ii) At the Effective Time by virtue of the Merger and without any action on the part of the holders thereof, each SLPH Share held in the
treasury of SLPH or owned directly or indirectly by Ascent or any subsidiary of SLPH shall be cancelled and retired without any conversion thereof and no other securities of Ascent or the Surviving Entity shall be issuable, and no payment shall be
made, with respect thereto. 
  

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 (b) Conversion of Merger Sub Shares. At the Effective Time, by virtue of
the Merger and without any action on the part of the holders thereof, each share of common stock, no par value per share, of Merger Sub issued and outstanding, and all rights with respect thereto, shall be converted into one validly issued, fully
paid and non-assessable share of common stock of the Surviving Entity. 
 (c) No Effect on Outstanding Common
Stock. Except for the shares of Common Stock owned by SLPH (or any of its subsidiaries) at the Effective Time, which shares of Common Stock shall be converted into treasury stock of Ascent at the Effective Time by virtue of the Merger and
without any action on the part of the holders thereof, the shares of common stock, $0.001 par value per share, of Ascent issued and outstanding at the Effective Time shall be unaffected by the Merger and shall remain issued and outstanding.

 (d) Conversion of Warrants. Ascent shall assume and cause to be performed all obligations of SLPH under the
Series A Warrants, Series B Warrants, Series C Warrants and Series D Warrants (each as defined in the Warrant Agreement (as defined below)) (collectively, the “SLPH Warrants”) outstanding at the Effective Time and issued pursuant to
that certain Warrant Agreement dated as of January 14, 2000 among SLPH and the other parties thereto (the “Warrant Agreement”). Each SLPH Warrant assumed by Ascent under this Agreement will continue to have, and be subject to,
the same terms and conditions set forth in the Warrant Agreement immediately prior to the Effective Time, except that: 
 (i)
each outstanding SLPH Warrant outstanding at the Effective Time will be exercisable for that number of whole shares of Common Stock equal to the product of the number of SLPH Shares that were issuable upon exercise of such SLPH Warrant immediately
prior to the Effective Time multiplied by the Ratio, rounded down to the nearest whole share; and 
 (ii) the per share
exercise price for the Common Stock issuable upon exercise of such SLPH Warrant shall be equal to the exercise price per SLPH Share of such SLPH Warrant immediately prior to the Effective Time divided by the Ratio, rounded up to the nearest whole
cent. 
 (e) Exchange of SLPH Shares for Common Stock Certificates. 
 (i) As promptly as practicable after the Effective Time, Ascent will send or cause to be sent to each record holder of SLPH Shares
immediately prior to the Effective Time a letter of transmittal and other appropriate materials, including a certification of non-foreign status pursuant to Section 1445 of the Code, for use in surrendering certificates representing SLPH Shares
(the “Certificates”) as contemplated by this Section 3(e). 
  

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 (ii) As soon as practicable after the Effective Time, each holder of a Certificate shall
be entitled, upon surrender of the Certificate to Ascent or its transfer agent in the manner specified in the letter of transmittal and the properly completed and duly executed letter of transmittal and any other instruments required thereby, to
receive in exchange therefor a certificate or certificates (or to have made in Ascent’s share transfer record a book-entry notation) representing the number of Shares (which number shall be rounded up to the nearest whole number in lieu of
issuing any fractional Shares (after taking into account all converted SLPH Shares held of record by such holder at the Effective Time)) that such holder has a right to receive in accordance with Section 3(a)(i) and certain dividends and other
distributions to the extent provided in this Section 3(e)(ii). Unless and until any such Certificates shall be so surrendered and exchanged, no dividends or other distributions payable to the holders of record of Common Stock as of any time
subsequent to the Effective Time shall be paid to the holders of such Certificates. Upon the surrender and exchange of such Certificates, however, there shall be paid to the record holders of such Certificates the amount of dividends and other
distributions, if any, which as of a record date on or after the Effective Time and prior to such surrender shall have become payable with respect to such whole shares of Common Stock. No party hereto (or Ascent’s transfer agent) shall be
liable to any former holder of converted Shares for any cash, Common Stock or dividends or other distributions thereon delivered to a public official pursuant to applicable abandoned property, escheat or similar Law. 
 (iii) If any certificate for Shares is to be issued in a name other than that in which the Certificate surrendered in exchange therefor is
registered, it shall be a condition of the issuance thereof that the Certificate so surrendered shall be properly endorsed, with signatures guaranteed, and otherwise in proper form for transfer and that the person requesting such exchange shall have
paid to Ascent or its transfer agent any transfer or other taxes required by reason of the issuance of a certificate for Shares in such other name, or established to the satisfaction of Ascent or its transfer agent that such tax has been paid or is
not payable. 
 (iv) If any Certificate shall have been lost, stolen or destroyed, (A) upon the making of an affidavit of
that fact by the person claiming such Certificate to be lost, stolen or destroyed and (B) unless otherwise agreed by Ascent, the posting by such person of a bond, in such amount as Ascent may direct and in a form satisfactory to Ascent, as
indemnity from such person to Ascent against any claim that may be made against Ascent with respect to such Certificate, Ascent will issue, in exchange for such lost, stolen or destroyed Certificate, the Shares and any dividends or other
distributions to which the holder thereof is entitled to receive pursuant to this Section 3(e) in the manner provided in this Section 3(e). 
 (v) Ascent (or any paying agent authorized by Ascent) shall be entitled to deduct and withhold from the consideration otherwise payable pursuant to this Agreement to any holder of SLPH Shares such amounts as may be
required to be deducted and withheld with respect to the making of such payment under the 

  

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Code, or any provision of state, local or foreign tax law or any other applicable legal requirement. To the extent that amounts are so withheld and paid over
to the appropriate taxing authority, such withheld amounts shall be treated for all purposes of this Agreement as having been paid to the former holder of the converted SLPH Shares in respect of which such deduction and withholding was made.

 (f) No Further Ownership Rights in SLPH Shares. All Shares issued in exchange for SLPH Shares pursuant to the
Merger in accordance with the terms of this Section 3 shall be deemed to have been issued in full satisfaction of all rights pertaining to the SLPH Shares. From and after the Effective Time, there shall be no further registration of transfers
on the transfer books of SLPH of the SLPH Shares. 
 (g) Adjustments for Stock Splits, Stock Dividends, Etc. If
after the determination of the Ratio but prior to the Effective Time, the outstanding shares of Common Stock or the SLPH Shares shall have been changed into a different number of shares or a different class by reason of any stock dividend,
subdivision, reclassification, recapitalization, split, combination or exchange of shares, the Ratio shall be correspondingly adjusted. 
 4.
Transfer Restrictions. Prior to any proposed transfer (whether by sale, assignment, pledge or otherwise) of SLPH Shares prior to the Effective Time, the proposed transferor (the “Transferor”) will give written notice
to SLPH of its intention to effect such transfer. Each such notice shall describe the manner and circumstances of the proposed transfer in sufficient detail and shall be accompanied by a written opinion of legal counsel who shall be reasonably
satisfactory to SLPH, addressed to SLPH, to the effect that the proposed transfer of the securities in question may be effected without registration under the Securities Act of 1933, as amended (the “Securities Act”), and that such
proposed transfer does not call into question the exemption from registration under which Shares will be issued in the Merger. Any such legal opinion must be reasonably satisfactory to SLPH and must state that it may also be relied upon by Ascent
and any transfer agent, stock exchange or counsel to Ascent or SLPH. As a condition to the transfer, SLPH may also require a certificate of the Transferor that certifies as to matters that assist SLPH in establishing compliance with securities laws
at the time of the proposed transfer and at the Effective Time. Upon compliance with the terms hereof to the satisfaction of SLPH, the Transferor shall be entitled to transfer such securities in accordance with the terms of the notice delivered by
the Transferor to SLPH. Each certificate or book-entry notation evidencing the SLPH Shares so transferred shall bear or be subject to an appropriate restrictive legend reasonably deemed appropriate by SLPH, including any appropriate legend relating
to the restrictions and obligations hereunder. The Transferor shall, prior to any transfer (unless such transfer is made pursuant to an effective registration statement under the Securities Act), cause any transferee of the SLPH Shares to enter into
an agreement with SLPH that the transferee will take and hold such securities subject to provisions and upon the conditions specified herein. Without limiting the generality of any other provision hereof, the provisions of this Section 4 shall
be binding on successive transferees. Any sale or transfer, or purported sale or transfer, of Shares shall be null and void, and SLPH shall have no obligation to effect any transfer, unless the terms, conditions and provisions of this Section 4
are strictly observed and followed or are waived by SLPH. SLPH may issue stop transfer instructions to any transfer agent or registrar for the SLPH Shares in order to implement any restriction on transfer contemplated hereby. 
  

 5 

 5. Legend. In addition to any other legend, the certificates or book-entry notations
evidencing Shares shall bear or be subject to the following legend: 
 THE SHARES REPRESENTED HEREBY HAVE BEEN ACQUIRED FOR
INVESTMENT AND HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. SUCH SHARES MAY NOT BE SOLD OR TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN OPINION OF COUNSEL SATISFACTORY TO THE CORPORATION AS TO THE AVAILABILITY OF
AN EXEMPTION FROM REGISTRATION. 
 Ascent may issue stop transfer instructions to any transfer agent or registrar for the Shares in order to implement any
restriction on transfer contemplated hereby. 
 6. Organizational Documents. The Certificate of Incorporation and the
Bylaws of SLPH as in effect immediately prior to the Effective Time shall continue to be the Certificate of Incorporation and the Bylaws of the Surviving Entity until thereafter amended in accordance with their terms and applicable law. 

7. Directors and Officers. The directors and officers of Merger Sub immediately prior to the Effective Time shall become the directors
and officers of the Surviving Entity from and after the Effective Time unless and until removed or until their respective terms of service shall have expired in accordance with the LBCL or the Surviving Entity’s Certificate of Incorporation or
Bylaws, as applicable. 
 8. Termination. This Agreement may be terminated at any time prior to the Effective Time by the board
of directors of SLPH notwithstanding its prior approval by the stockholders of any or all of the parties hereto. 
 9.
Amendment. Any provision of this Agreement may, subject to applicable law, be amended or waived prior to the Effective Time if, and only if, such amendment or waiver is in writing and signed by the board of directors of SLPH.

 10. Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware,
without regard to principles of conflict of laws. 
 11. Further Assurances. If at any time SLPH shall consider or be advised
that any further assignment, conveyance or assurance is necessary or advisable to vest, perfect or confirm of record in the Surviving Entity the title to any property or right of Merger Sub, or otherwise to carry out the provisions hereof, the
proper representatives of Merger Sub as of the Effective Time shall execute and deliver any and all proper deeds, assignments, and assurances and do all things necessary or proper to vest, perfect or convey title to such property or right in the
Surviving Entity, and otherwise to carry out the provisions hereof. 
 12. Implementation and Interpretation. This Agreement
shall be implemented and interpreted, prior to the Effective Time, by the board of directors of SLPH, and following the Effective Time, by the board of directors of Ascent, (a) each of which shall have full power and 

  

 6 

 
authority to delegate and assign any matters covered hereunder to any other party or parties, including without limitation, any officers of SLPH or the
Surviving Entity, as the case may be, and (b) the interpretations and decisions of which shall be final, binding and conclusive on all parties. 
 13. Third Party Beneficiaries. This Agreement shall not confer any rights or remedies upon any person other than as expressly provided herein. 
 14. Counterparts. This Agreement may be executed in any number of counterparts and by the different parties hereto on separate
counterparts, each of which when so executed and delivered shall be an original, but all of which together shall constitute one and the same instrument. 
 15. Severability. Each provision of this Agreement is intended to be severable. If any term or provision of this Agreement is illegal or invalid for any reason, such illegality or invalidity will not
affect the legality or invalidity of the remainder of this Agreement. 
 [Remainder of page intentionally left blank] 
 [signature page follows] 
  

 7 

 EXECUTED as of the date first set forth above. 
  

			
	ASCENT ENERGY, INC.
	a Delaware corporation
		
	By:	 	 /s/ Terry W. Carter

	Name:	 	Terry W. Carter
	Title:	 	President
	
	 SOUTH LOUISIANA PROPERTY HOLDINGS, INC.,
 a Louisiana corporation

		
	By:	 	 /s/ Terry W. Carter

	Name:	 	Terry W. Carter
	Title:	 	President
	
	 SOUTH LOUISIANA PROPERTY HOLDINGS ACQUISITION COMPANY, INC.,
 a Louisiana corporation

		
	By:	 	 /s/ Terry W. Carter

	Name:	 	Terry W. Carter
	Title:	 	President

 CERTIFICATE OF SECRETARY 
 On this 30th day of June, 2006, I, Eddie M. LeBlanc III, the duly authorized and appointed Secretary of each of South Louisiana Property Holdings,
Inc. and South Louisiana Property Holdings Acquisition Company, Inc., hereby certify, pursuant to Section 112 of the LBCL, that this Agreement was approved by the requisite stockholders of South Louisiana Property Holdings, Inc. and by the sole
stockholder of South Louisiana Property Holdings Acquisition Company, Inc. by written consent on June [ ], 2006. 
  

			
	 /s/ Eddie M. LeBlanc III

	Name:	 	Eddie M. LeBlanc III
	Title:	 	Secretary

 ACKNOWLEDGMENT 
 STATE OF TEXAS 
 COUNTY OF COLLIN 
 BEFORE ME, the undersigned authority, personally came and appeared Terry W. Carter, who, being duly sworn, declared and acknowledged before me and the undersigned competent witnesses, pursuant to Section 112 of the Louisiana
Business Corporation Law, that he is the President of South Louisiana Property Holdings, Inc., a Louisiana corporation, and the President of South Louisiana Property Holdings Acquisition Company, Inc., a Louisiana corporation, and who acknowledges
that he was authorized to and executed the foregoing Agreement and Plan of Merger in such capacities for the purposes therein expressed, and as his, and said entities’, free act and deed. 
 IN WITNESS WHEREOF, the said appearer, witnesses and I have hereunto affixed our hands on this 30th day of June, 2006. 
  

					
	WITNESSES:	 		  	
			
	 /s/    Toby Pollard
	 		  	 /s/    Terry W. Carter

		 		  	Terry W. Carter, Appearer
			
	  
	 		  	
			
		 		  	 /s/    Laura L. Bouden

		 		  	NOTARY PUBLIC

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