Document:

Exhibit 10.13  

FORM

OF

AMENDMENT TO

EMPLOYMENT AGREEMENT  

        WHEREAS, Breitburn Energy Company L.P. ("BECLP") and James G. Jackson (the "Executive") have entered into that
certain Employment Agreement dated July 7, 2006 (the "Agreement"); and 

        WHEREAS, the parties desire to amend the Agreement to provide for its adoption by Breitburn Management Company LLC ("Manageco"), Pro GP
Corp. and BreitBurn GP, LLC on the effective date of the initial public offering of common units of BreitBurn Energy Partners L.P. (the "MLP") (the "IPO Date"); 

        NOW, THEREFORE, the Agreement is amended effective as of the IPO Date as follows: 

           1.  Notwithstanding
anything in the Agreement to the contrary, the Executive's outstanding Performance Trust Units ("PTUs") granted under the BreitBurn Energy Company L.P.
Long Term Incentive Plan shall be converted effective on the IPO Date on a 50/50 basis into (i) restricted phantom MLP units having the same general terms as his existing PTUs, but which
on vesting may be settled in MLP units or cash as elected by the Executive, and (ii) restricted phantom BECLP units having the same vesting and distribution reinvestment provisions as his
existing PTUs (but without the "multiplier"), and which on vesting may be settled, in the Executive's discretion, in cash, phantom BECLP units, or in any combination thereof as the Executive may
choose (such converted awards being the "Phantom Options"). 

           2.  During
the Employment Period beginning on and following the IPO Date, the parties agree that the Executive shall serve as the Chief Financial Officer of the general
partner of BECLP, the general partner of the MLP, and Manageco. The parties intend for the provisions of this Agreement to be construed as necessary to effectuate this intent; however, nothing herein
shall operate or be construed as providing the Executive with a duplication of any compensation or benefits from the Employers. The Boards of Directors of the general partner of BECLP, the general
partner of the MLP, and of Manageco shall use their best efforts to resolve any ambiguities or conflicts as to their respective obligations to the Executive under the Agreement as hereby amended and
the cost of the Executive's compensation and benefits shall be paid by Manageco with the general partners of BECLP and the MLP reimbursing Manageco for their portion of such costs that are allocable
to them on the basis of the Executive's estimated time devoted to the business of each of them or on such other basis as the Employers may mutually agree, other than the Phantom Options, the costs of
which shall be reimbursed by the entity with respect to which the award is made. 

           3.  The
definition of "Change in Control" in Appendix A is amended by adding thereto the following: "A sale or other disposition of property between BreitBurn Energy
Company L.P. and BreitBurn Energy Partners L.P. shall not constitute a Change in Control." 

 

        Agreed
to this September [    ], 2006, effective as of the IPO Date. 

	 BreitBurn Management Company LLC	 	Executive
	

By:	
 	

  
	
 	

  

	 	 	Name:	  
	 	James G. Jackson
	 	 	Title:	  
	 	 	 	 	 
	
 BreitBurn GP, LLC	
 	

BreitBurn Energy Company, LP

By: Pro GP Corp., its general partner
	

By:	
 	

  
	
 	

 	
 	

 	

 
	 	 	Name:	  
	 	 	 	 	 
	 	 	Title:	  
	 	 	 	 	 
	

 	
 	

 	

 	
 	

By:	
 	

  

	 	 	 	 	 	 	 	Name:	  

	 	 	 	 	 	 	 	Title:	  

	
 Pro GP Corp.	
 	

 	
 	

 	

 
	

By:	
 	

  
	
 	

 	
 	

 	

 
	 	 	Name:	  
	 	 	 	 	 
	 	 	Title:	  
	 	 	 	 	 

2Exhibit
10.3

 

AMENDMENT
NO. 1

TO SHAREHOLDERS AGREEMENT

 

AMENDMENT
NO. 1 (this “Amendment”), dated as of August 31, 2006, to the
SHAREHOLDERS AGREEMENT, dated as of June 6, 2002, as amended and restated as of
July 19, 2002 (the “Shareholders Agreement”) by and among TRIMAS
CORPORATION, a Delaware corporation (the “Company”), METALDYNE COMPANY
LLC (“MCLLC”), HEARTLAND INDUSTRIAL PARTNERS, L.P. and the HEARTLAND
ENTITIES identified on the signature pages thereto and the other parties
identified as SHAREHOLDERS therein and listed on the signature pages thereto or
identified on the signature page of any Joinder Agreement executed and
delivered pursuant to the Shareholders Agreement and the parties identified on
the signature pages hereto as “METALDYNE SHAREHOLDER PARTIES”. Capitalized terms
used but not otherwise defined herein shall have the respective meanings
ascribed thereto in the Shareholders Agreement.

 

R  E
C  I  T  A  L  S :

 

A.            MCLLC is the owner
of 4,076,087 shares of the issued and outstanding Common Stock of the Company and
a Warrant to purchase 750,000 shares of Common Stock of the Company (the “Warrant”
and, together with the shares of Common Stock owned by MCLLC or issuable upon
exercise of the Warrant, the “Metaldyne Shares”) on the date hereof.

 

B.            MCLLC is considering
making a distribution of the Metaldyne Shares to its parent company, Metaldyne
Corporation (“Metaldyne”), which will, in turn, make a distribution of
the Metaldyne Shares to the stockholders of record of Metaldyne and MCLLC has
requested an amendment of certain provisions of the Shareholders Agreement to
permit the foregoing.

 

C.            The Company, MCLLC and
the other Shareholders desire to amend certain provisions of the Shareholders
Agreement to permit the Metaldyne Distribution (as hereinafter defined), but,
as a condition to its willingness to execute the Amendment, the Company is
requiring that all current stockholders of Metaldyne that are also currently
parties to the shareholders agreement in place with respect to shares of common
stock of Metaldyne execute this Amendment and agree to the provisions of the
Shareholders Agreement in anticipation of the Metaldyne Distribution in the
event that it should occur.

 

NOW, THEREFORE, in
consideration of the premises and mutual agreements contained herein and for
other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties hereto agree as follows:

 

 

A  G
R  E  E  M  E  N  T :

 

The
parties agree as follows:

 

1.             Amendment
to Introduction. (a) The Preamble to the Shareholders Agreement
is hereby amended by adding “either” after the word “executing” and by adding
the following after the word “hereof”: “and, with respect to the Metaldyne Shareholders,
upon the occurrence of the Metaldyne Distribution”. It is hereby agreed that,
from and after the Metaldyne Distribution, the Metaldyne Shareholder Parties
shall be “Shareholders” for all purposes of the Shareholders Agreement.

 

(b) The first “Whereas”
clause of the Shareholders Agreement is hereby amended by adding the following
at the end of such clause: “and, upon the occurrence of the Metaldyne
Distribution (if it should occur), each Metaldyne Shareholder Party has received
its pro rata share of the Distributed Shares pursuant to the Metaldyne Distribution.”

 

(c) The second “Whereas”
clause of the Shareholders Agreement is hereby amended and restated as follows:
“WHEREAS, as a result of and in connection with the Stock Purchase, each
Shareholder as of July 19, 2002 owns the number of shares set forth on Schedule
2.04 hereto and, as a result of and in connection with the Metaldyne
Distribution (if it should occur), MCLLC will no longer own the Distributed
Shares reflected on Schedule 2.04 hereto and each Metaldyne Shareholder Party
will own its pro rata share of the Distributed Shares.”

 

2.             Amendment to Section 1.01. (a)
Section 1.01 of the Shareholders Agreement is hereby amended by adding the
following at the end of the definition of “Transfer”: “; provided that
the declaration (as opposed to the making) of the Metaldyne Distribution shall
not be considered to be a Transfer for purposes of the Shareholders Agreement.”

 

(b)  Section 1.01 of the Shareholders Agreement is
hereby amended by inserting the following defined terms (in their appropriate
alphabetic order) into such section:

 

“Distributed
Shares” means any shares of Common Stock or of all or any portion of
the Warrant that, in either case, is subject to a Metaldyne Distribution to
Metaldyne Shareholders.

 

“First
Amendment” means Amendment No. 1 to Shareholders Agreement, dated as
of August 31, 2006, among the Company, MCLLC, Heartland Industrial Partners,
L.P., the Heartland Entities identified on the signature pages thereto, the
other Shareholders listed on the signature pages thereto and the Metaldyne
Shareholder Parties listed on the signature pages thereto.

 

2

 

“First
Amendment Date” means August 31, 2006.

 

“Limited
Permitted Transferee” means (a) with respect to any Shareholder that
is a natural person, (i) the spouse or any lineal descendant (including by
adoption or stepchildren) of such Shareholder or any Transferee of such
Shareholder by operation of laws of descent, (ii) any trust of which such
Shareholder is the trustee and which is established solely for the benefit of
any of the foregoing individuals and (iii) any partnership, all of the general
partner(s) and limited partner(s) (if any) of which are one or more Persons
identified in the preceding clause (i) and (b) with respect to any other
Person, an Affiliate of such Person.

 

“Metaldyne Distribution”
means any distribution by MCLLC to Metaldyne or by Metaldyne to Metaldyne Shareholders
of any shares of Common Stock (including shares of Common Stock issuable upon
exercise of the Warrant) or of all or any portion of the Warrant.

 

“Metaldyne Shareholders” means (i) the owners of record of
the common stock of Metaldyne Corporation as of the record date of any Metaldyne
Distribution or (ii) any legal successor-in-interest to or any Limited
Permitted Transferee of any Person referred to in clause (i) of this definition.

 

“Metaldyne Shareholder Parties” means (i) those owners of
record of the common stock of Metaldyne Corporation as of the First Amendment
Date that are party to the Shareholders Agreement relating to shares of common
stock of Metaldyne dated as of November 28, 2000 among Metaldyne and the
Shareholders named therein (whether directly or by joinder agreement), as
amended from time to time, and (ii) any legal successor-in-interest to or any Transferee
of any Person referred to in clause (i) of this definition that is required to
become a party to the Shareholders Agreement by reason of Section 11(a) of the
First Amendment.

 

“1934 Act Registration” means the registration of the Common Stock
by the Company under the 1934 Act.

 

3.             Amendment to Section 3.02. Section
3.02 of the Shareholders Agreement is hereby amended and restated in its entirety
as follows:

 

“Subject
to all applicable laws, the restrictions on Transfer set forth in Section 3.01
hereof shall not apply to any of the following:

 

3

 

(a) a Transfer by
a Shareholder of Common Stock (other than Distributed Shares prior to the 1934
Act Registration) to one of its Permitted Transferees; provided that
such Permitted Transferee shall agree to execute a Joinder Agreement in the
form annexed hereto as Exhibit A (the “Joinder Agreement”);

 

(b) a Transfer of
Common Stock (other than Distributed Shares prior to the 1934 Act Registration)
by a Shareholder in accordance with Sections 4.02 and 4.03 of this Agreement;

 

(c) a Transfer by
a Shareholder of Common Stock (other than Distributed Shares prior to the 1934
Act Registration) after such Shareholder has complied with Section 4.01; provided
that the Transferee shall agree to execute a Joinder Agreement;

 

(d) a Transfer of
Common Stock by a Shareholder pursuant to an effective registration statement
under the 1933 Act or a Transfer of Common Stock (other than Distributed Shares
prior to the 1934 Act Registration) pursuant to Rule 144 under the 1933 Act;

 

(e) a Transfer by
MCLLC in connection with the issuance of a Convertible Security as contemplated
by Section 6.16; provided that the recipient of such Convertible
Security agrees to execute a Joinder Agreement as described in Section 6.16;

 

(f) Transfers by MCLLC
and Metaldyne pursuant to a Metaldyne Distribution; provided that, if
such Transfer is to Metaldyne Shareholders prior to the 1934 Act Registration, provision
shall be made to ensure that subsequent Transfers of Distributed Shares shall
only be made, prior to the 1934 Act Registration, by Metaldyne Shareholders to
Limited Permitted Transferees of such Metaldyne Shareholder; and

 

(g) following a Metaldyne
Distribution and prior to the 1934 Act Registration, a Transfer by a Metaldyne
Shareholder of Distributed Shares to Limited Permitted Transferees of such Metaldyne
Shareholder.

 

4.             Amendment of Section 4.01.  Section
4.01(a) of the Shareholders Agreement is hereby amended by (i) deleting the
phrase “Section 3.02(a), 3.02(d), 4.02 or 4.03” and replacing it in its
entirety with “Section 3.02(a), 3.02(d), 3.02(g), 4.02 or 4.03” and (ii) adding
the following to the end of that section: “Notwithstanding anything to the
contrary

 

4

 

herein, this
Section 4.01 (including, without limitation, the provisions of the second
paragraph of Section 4.01(c)) shall be inapplicable to the Metaldyne
Distribution itself.”

 

5.             Amendment
of Section 4.02(a).  Section 4.02(a) of the Shareholders
Agreement is hereby amended by (i) deleting the phrase “Section 3.02(a),
3.02(d), 5.01 or 5.02” and replacing it in its entirety with “Section 3.02(a),
3.02(d), 3.02(g), 5.01 or 5.02” and (ii) adding the following to the end of last
sentence thereof: “provided that, for the avoidance of doubt, the
provisions of this last sentence shall not apply to Transfers of Distributed
Shares received by the Sponsor Transferor.”

 

6.             Amendment
of Section 4.03.  Section 4.03 of the Shareholders Agreement is
hereby amended by adding the following to the end of first sentence thereof: “provided,
further, that, for the avoidance of doubt, the second proviso of this sentence
shall cease to apply following the Metaldyne Distribution.”

 

7.             Amendment
of Section 4.04.  (a)  Section
4.04(b) of the Shareholders Agreement is hereby amended by deleting the
beginning thereof through but not including “(1)” and replacing it in its
entirety with the following: “In the case of (x) any Shareholder (other than MCLLC)
prior to the occurrence of a Qualifying Public Equity Offering, and for so long
as such Shareholder owns twenty-five percent (25%) of the number of shares of
Common Stock (as adjusted for Adjustments) owned by such Shareholder (in the
case of any Shareholder other than a Metaldyne Shareholder Party, as of the
date of the amendment and restatement hereof or, in the case of any Metaldyne
Shareholder Party, as of and after giving effect to the Metaldyne Distribution)
or (y) MCLLC, for so long as MCLLC owns twenty-five percent (25%) of the number
of shares of Common Stock (as adjusted for Adjustments) owned by MCLLC immediately
following the Transactions, the Company shall deliver the following to each
such Shareholder and MCLLC:”

 

(b)  Section 4.04(b) shall be amended by the
addition of the following at the end thereof: 
“Notwithstanding the foregoing and the last sentence of Section 4.04(c),
the information available under Section 4.04(b) (2) and (3) shall not be made
available to a Metaldyne Shareholder Party if the Company is filing annual,
quarterly and current reports under the 1934 Act (unless it would otherwise be
entitled to such information as a Shareholder apart from the Metaldyne Distribution).”

 

(c)  Section 4.04(e) shall be amended by the
addition of the following language at the end thereof:  “Each Shareholder acknowledges that trading
in securities of the Company and its Subsidiaries on the basis of material
non-public information received under this Agreement may constitute a violation
of United States Federal securities laws and agrees to act to ensure compliance
with such laws.”

 

5

 

8.             Amendment
of Section 4.06.  (a) 
Section 4.06(a) of the Shareholders Agreement is hereby amended by the
addition of the following at the end thereof: 
“(e)  For the avoidance of doubt, Section
4.06(a)(ii)(2) and (3), the proviso to Section 4.06(a)(iv), Section 4.06(b) and
Section 4.06(d) shall have no further effect following the occurrence of the Metaldyne
Distribution.”

 

9.             Amendment
of Section 4.07.  Upon the occurrence any Metaldyne Distribution,
the proviso to the penultimate sentence of Section 4.07 shall be deleted.

 

10.          Amendment of Sections 5.01, 5.02
and 5.07. (a)  Section
5.01(a) of the Shareholders Agreement is hereby amended by the addition of the
following at the end thereof:  “Notwithstanding
anything herein to the contrary, and for the avoidance of doubt, no Metaldyne
Shareholder shall become entitled to rights pursuant to this Section 5.01 by
reason of receiving Distributed Shares in the Metaldyne Distribution, except
that Affiliates of the Company that receive Distributed Shares shall be
entitled to the registration rights afforded to a “Shareholder” pursuant to this
Section 5.01 in respect of such Distributed Shares, in addition to such rights
as may otherwise exist under Article V in favor of such Affiliate.”

 

(b)  Section 5.02(a) shall be amended by the
addition of the following at the end thereof: 
“Notwithstanding anything herein to the contrary, and for the avoidance
of doubt, no Metaldyne Shareholder shall become entitled to rights pursuant to
this Section 5.02 by reason of receiving Distributed Shares in the Metaldyne
Distribution, except for Sponsor and its Direct Permitted Transferees in their
capacity as Demand Holders.”

 

(c)  Each Metaldyne Shareholder Party agrees that,
regardless of whether or not Distributed Shares held by it are Registrable
Securities, such shares shall be subject to the holdback agreements of Section
5.07 as though they were Registrable Securities solely for purposes of any
Initial Public Offering.

 

11.          Addition of Section 6.17. The
Shareholders Agreement is hereby amended by adding the following section:

 

“Section
6.17. Metaldyne Distribution.

 

(a)  Notwithstanding any provision of this Agreement,
MCLLC and Metaldyne may effect any Metaldyne Distribution; provided that
(i) no recipient of Distributed Shares will thereby become entitled to the
rights and benefits of, or be subject to the obligations and burdens under, this
Agreement that are specifically ascribed to MCLLC and (ii) the only Persons
that will become entitled to rights and be subject to obligations hereunder as
a result of the Metaldyne Distribution will be the Metaldyne Shareholder
Parties by reason of their execution of the First Amendment or of a Joinder
Agreement. For the sake of clarity, it is agreed

 

6

 

that, other than in the case of the Metaldyne
Shareholder Parties, recipients of Distributed Shares pursuant to the Metaldyne
Distribution need not sign a Joinder Agreement.

 

(b)  Notwithstanding any provision to the contrary
contained in this Agreement and for the sake of clarity, each Metaldyne
Shareholder Party agrees that, following a Metaldyne Distribution and prior to
the 1934 Act Registration, Transfers of Distributed Shares shall only be made
to Limited Permitted Transferees and MCLLC shall take and cause Metaldyne to
take all reasonably necessary action to ensure such.

 

(c)  The Company agrees to cooperate and take all such
actions as may be required to ensure compliance with applicable United States Federal
and state securities laws in connection with the foregoing, including, without
limitation, the Company agrees to file a registration statement on Form 10 (or
any successor form) with respect to the registration of the Common Stock under
the 1934 Act Registration and to use best efforts to cause such registration
statement to be declared effective by the Commission not later than 120 days following
the end of the year which the Metaldyne Distribution shall have occurred.

 

12.          Covenants, Representations
and Warranties of MCLLC and Metaldyne Shareholder Parties. (a)  Each Metaldyne Shareholder Party hereby agrees
that, as a condition to any Transfer of shares of common stock of Metaldyne
prior to the completion of the Metaldyne Distribution, it shall cause the Transferee
to execute a Joinder Agreement to the Shareholders Agreement to become a
Metaldyne Shareholder Party (if it is not already a party to the Shareholders
Agreement).

 

(b)  Each of the Metaldyne Shareholder Parties
hereby severally makes to the Company the representations and warranties set
forth in Sections 2.01 (“Authority; Enforceability”), 2.02 (“No Breach”) and
Section 2.03(a) (“Consents”) solely with respect to the execution, delivery and
performance of this Amendment and the matters contemplated hereby.

 

(c)  Each Metaldyne Shareholder Party hereby
agrees and authorizes the Company to act as a custodian to hold any Distributed
Shares prior to the 1934 Act Registration to ensure compliance with United
States Federal securities laws and acknowledges that Metaldyne has agreed to
deliver any Distributed Shares to the Company for that purpose. In addition,
the Company is authorized to retain such shares for the duration of any lock-up
or hold back period consistent with Section 10(c) of this Amendment if 1934 Act
Registration occurs in connection with an Initial Public Offering.

 

(d)  The Company hereby agrees with Metaldyne that
it will not effect transfers of Common Stock in the stock ledger of the Company
or issue new certificates in connection with any such transfers, other than in
compliance with all Regulatory Requirements and this Shareholders Agreement.

 

7

 

(e)  The Distributed Shares will contain the
following legend, notwithstanding Section 3.04, and MCLLC and the Company shall
cooperate to ensure that, prior to the Metaldyne Distribution, all Distributed
Shares, whether or not subject to the Shareholders Agreement will bear the
following legend:

 

THE SECURITIES REPRESENTED BY THIS CERTIFICATE MAY NOT BE OFFERED OR
SOLD PRIOR TO THE REGISTRATION OF THE CLASS OF THE SECURITIES UNDER THE UNITED
STATES SECURITIES ACT OF 1934 EXCEPT TO (A) WITH RESPECT TO ANY SHAREHOLDER
THAT IS A NATURAL PERSON, (I) THE SPOUSE OR ANY LINEAL DESCENDANT (INCLUDING BY
ADOPTION OR STEPCHILDREN) OF SUCH SHAREHOLDER OR ANY TRANSFEREE OF SUCH SHAREHOLDER
BY OPERATION OF LAWS OF DESCENT, (II) ANY TRUST OF WHICH SUCH SHAREHOLDER IS
THE TRUSTEE AND WHICH IS ESTABLISHED SOLELY FOR THE BENEFIT OF ANY OF THE
FOREGOING INDIVIDUALS AND (III) ANY PARTNERSHIP, ALL OF THE GENERAL PARTNER(S)
AND LIMITED PARTNER(S) (IF ANY) OF WHICH ARE ONE OR MORE PERSONS IDENTIFIED IN
THE PRECEDING CLAUSE (I) AND (B) WITH RESPECT TO ANY OTHER PERSON, AN AFFILIATE
OF SUCH PERSON.

 

Distributed Shares subject to the Shareholders
Agreement shall also bear the following legend:

 

THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE ALSO SUBJECT TO THE
TERMS AND CONDITIONS, INCLUDING WITH RESPECT TO THE DIRECT OR INDIRECT TRANSFER
THEREOF, OF A SHAREHOLDERS AGREEMENT DATED AS OF JUNE 6, 2002, AS AMENDED AND
RESTATED AS OF JULY 19, 2002 AND AS AMENDED ON AUGUST 31, 2006 (AS AMENDED,
AMENDED AND RESTATED, MODIFIED OR SUPPLEMENTED FROM TIME TO TIME, THE “SHAREHOLDERS
AGREEMENT”). THE SHAREHOLDERS AGREEMENT CONTAINS, AMONG OTHER THINGS,
SIGNIFICANT RESTRICTIONS ON TRANSFER OF THE SECURITIES OF THE COMPANY. A COPY
OF THE SHAREHOLDERS AGREEMENT IS AVAILABLE UPON REQUEST FROM THE COMPANY.

 

13.          Provisions of General Application.
Except as otherwise expressly provided by this Amendment, all
of the terms, conditions and provisions to the Shareholders Agreement remain
unaltered. The Shareholders Agreement and this Amendment shall be read and
construed as one agreement. If any of the terms of this Amendment shall
conflict in any respect with any of the terms of the Shareholders Agreement,
the terms of this Amendment shall be controlling.

 

8

 

14.          Counterparts; Effectiveness;
Captions. This Amendment may be signed in any number of
counterparts, each of which shall be an original, with the same effect as if
the signatures thereto and hereto were upon the same instrument. The captions
of this Amendment are included for convenience of reference only, do not
constitute a part hereof and shall be disregarded in the construction hereof.

 

15.          GOVERNING LAW. THIS
AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE
STATE OF NEW YORK WITHOUT REGARD TO THE PRINCIPLES OF CONFLICTS OF LAWS.

 

16.          Entire Agreement.
This Amendment constitutes the full and entire understanding and agreement
between the parties hereto with respect to the subject matter hereof and
supersedes all prior negotiations, understandings and agreements between such
parties in respect of such subject matter.

 

9

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