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                                                                  EXHIBIT 10.(n)

                   AMENDMENT TO INVESTMENT ADVISORY AGREEMENT

     This Amendment to Investment Advisory Agreement (this "Amendment") amends
the Investment Advisory Agreement between ING Investment Management, LLC ("IIM")
and ING Insurance Company of America, formerly known as Aetna Insurance Company
of America ("Client"). This Amendment is dated as of August 26, 2003.

     1.  BACKGROUND. IIM and Client are parties to an Investment Advisory
Agreement, dated March 31, 2001, as amended (the "Agreement"), pursuant to which
IIM provides Client with certain investment advisory services. IIM and Client
wish to clarify the limited circumstances under which IIM may have custody of
Client funds or securities under the Agreement. Although the parties do not
intend by this Amendment to address whether or not Original Mortgage Documents
(as defined below) are in fact securities, it is the intention of IIM and Client
that, except as may be otherwise agreed from time to time, IIM will not have
actual or constructive custody of Client funds or securities other than Original
Mortgage Documents.

     2.  AMENDMENT TO SECTION 3 OF THE AGREEMENT. Section 3 of the Agreement is
hereby amended to add the following to the end of such Section:

         "Notwithstanding anything to the contrary in this Section 3, except
         with regard such Original Mortgage Documents as are selected by IIM
         from time to time, and as may otherwise be agreed between IIM and
         Client:

         (a) IIM shall not maintain physical custody of Client funds or
             securities; and

         (b) IIM shall not have the power to direct any custodian or other third
             party to transfer Client funds or securities, except in the case of
             (i) transactions involving a delivery vs. payment or vice versa,
             (ii) free receipts into Client Accounts, (iii) transfers between
             Client's own accounts, (iv) transfers to satisfy margin or
             collateral calls by brokers or other counterparties, and (v) other
             transactions that would not reasonably be considered to result in
             actual or constructive custody of Client funds or securities.

         "Original Mortgage Documents" means original (a) mortgage notes, (b)
         certificates of participation where more than one entity has invested
         in the mortgage via a participation agreement, and (c) letters of
         credit, as applicable, that are provided from time to time by borrowers
         as additional security."

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     3.  AMENDMENT TO SECTION 6 OF THE AGREEMENT. The second sentence of Section
6 of the Agreement is hereby amended to add the language highlighted in italics
below:

         "EXCEPT AS SPECIALLY CONTEMPLATED BY SECTION 3, IIM shall not MAINTAIN
         CUSTODY OF CLIENT FUNDS OR SECURITIES OR OTHERWISE act as custodian for
         the Account."

     4.  AMENDMENT TO SECTION 9 OF THE AGREEMENT. Section 9 of the Agreement is
hereby amended to read as follows:

         SECTION 9. LIMITATION OF LIABILITY - In rendering services under this
     Agreement, IIM will not be subject to any liability to Client or to any
     other party for any act or omission of IIM except as a result of IIM's
     negligence, misconduct or violation of applicable law. Nothing herein shall
     in any way constitute a waiver or limitation of any rights of any party
     under applicable Federal or State law.

     5.  AMENDED AGREEMENT. Except as specifically amended by this Amendment,
each and every term of this Agreement remains in full force and effect.

CLIENT:                         ING INSURANCE COMPANY OF AMERICA

                                By: /s/ Paula Cludray-Engelke
                                    -----------------------------------
                                    Name:  Paula Cludray-Engelke
                                    Title: Secretary

IIM:                            ING INVESTMENT MANAGEMENT, LLC

                                By: /s/ Fred C. Smith
                                    -----------------------------------
                                    Name:  Fred C. Smith
                                    Title: Executive Vice President

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Exhibit 4.1    
    

 
 

CROSSTEX ENERGY, INC.
  LONG-TERM INCENTIVE PLAN
  (Amended and Restated Effective as of December 31, 2003)    
    

 
 

ARTICLE I. ESTABLISHMENT AND PURPOSE    
    

         1.1   Establishment. The Crosstex Energy Holdings, Inc. 2000 Stock Option Plan was originally approved by the Board of Directors of
Crosstex
Energy, Inc., a Delaware corporation, on May 5, 2000. In furtherance of the purposes of said plan and in order to amend said plan in certain respects, the plan is hereby amended and
restated in its entirety and renamed the Crosstex Energy, Inc. Long-Term Incentive Plan (the "Plan"), as set forth in this document. 

         1.2   Purpose. The purposes of the Plan are to attract able persons to enter the employ of the Company, to encourage Employees to remain in the
employ
of the Company and to provide motivation to Employees to put forth maximum efforts toward the continued growth, profitability and success of the Company, by providing incentives to such persons
through the ownership and/or performance of the Common Stock of Crosstex. A further purpose of the Plan is to provide a means through which the Company may attract able persons to become directors of
the Company and to provide such individuals with incentive and reward opportunities. Toward these objectives, Awards may be granted under the Plan to Employees and Outside Directors on the terms and
subject to the conditions set forth in the Plan. 

         1.3   Effectiveness. This amended and restated Plan shall become effective as of December 31, 2003, the date of its adoption by the Board,
provided it is duly approved by the holders of at least a majority of the shares of Common Stock present or represented and entitled to vote at a meeting of the stockholders of Crosstex duly held in
accordance with applicable law within twelve months after the date of adoption of the Plan by the Board. If the amended and restated Plan is not so approved, the amended and restated Plan shall not be
effective, any Award granted under the amended and restated Plan shall be null and void, and the Superseded Plan (and option grants made under said plan) shall remain in full force and effect. 

 
 

ARTICLE II. DEFINITIONS    
    

         2.1   Affiliate. "Affiliate" means, with respect to any Person, any other Person that directly or indirectly through one or more intermediaries
controls, is controlled by or is under common control with, the Person in question. As used herein, the term "control" means the possession, direct or indirect, of the power to direct or cause the
direction of the management and policies of a Person, whether through ownership of voting securities, by contract or otherwise. With respect to an Incentive Stock Option, "Affiliate" means a "parent
corporation" or a "subsidiary corporation" of Crosstex, as those terms are defined in Section 424(e) and (f) of the Code. 

         2.2   Award. "Award" means an award granted to a Participant in the form of an Option, Phantom Option, Restricted Stock, SAR, or Other
Incentive Award,
whether granted singly, in combination or in tandem. All Awards shall be granted by, confirmed by, and subject to the terms of, an Award Agreement. 

        2.3   Award Agreement. "Award Agreement" means a written agreement between Crosstex and a Participant that sets forth the terms, conditions,
restrictions and/or limitations applicable to an Award. 

         2.4   Board. "Board" means the Board of Directors of Crosstex. 

         2.5   Cause. "Cause" means the termination of a Participant's employment or service by reason of fraud, dishonesty, any unauthorized use or
disclosure
by the Participant of any confidential information or trade secrets of Crosstex, or the performance of other acts detrimental to Crosstex or an Affiliate, as determined by the Committee in its
absolute discretion. 

 

         2.6   Change of Control. "Change of Control" shall have the meaning set forth in Section 12.1. 

        2.7   Code. "Code" means the Internal Revenue Code of 1986, as amended from time to time, including regulations thereunder and successor
provisions and
regulations thereto. 

         2.8   Committee. "Committee" means (i) with respect to the application of this Plan to Employees, the Compensation Committee of the Board
or
such other committee of the Board as may be designated by the Board to administer the Plan, which committee shall consist of two or more non-employee directors, each of whom is both a
"non-employee director" under Rule 16b-3 of the Exchange Act and an "outside director" under Section 162(m) of the Code, and (ii) with respect to the
application of this Plan to an Outside Director, the Board. To the extent that no Committee exists that has the authority to administer the Plan, the functions of the Committee shall be exercised by
the Board. If for any reason the appointed Committee does not meet the requirements of Rule 16b-3 or Section 162(m) of the Code, such noncompliance with such requirements
shall not affect the validity of Awards, grants, interpretations or other actions of the Committee. 

         2.9   Common Stock. "Common Stock" means the common stock, $.01 par value per share, of Crosstex, or any stock or other securities of Crosstex
hereafter issued or issuable in substitution or exchange for the Common Stock. 

        2.10 Company. "Company" means Crosstex and its Affiliates. 

         2.11 Crosstex. "Crosstex" means Crosstex Energy, Inc., a Delaware corporation, or any successor thereto. 

         2.12 Effective Date. "Effective Date" means the date this Plan becomes effective as provided in Section 1.3. 

        2.13 Employee. "Employee" means an employee of Crosstex or an Affiliate of Crosstex; provided, however, that the term "Employee" does not include an
Outside Director or an individual performing services for Crosstex or an Affiliate who is treated for tax purposes as an independent contractor at the time of performance of the services. 

         2.14 Exchange Act. "Exchange Act" means the Securities Exchange Act of 1934, as amended. 

         2.15 Fair Market Value. "Fair Market Value" means the closing sales price of a share of Common Stock on the applicable date (or if there is no
trading in the Common Stock on such date, on the next preceding date on which there was trading) as reported in The Wall Street Journal (or other
reporting service approved by the Committee). In the event the Common Stock is not publicly traded at the time a determination of fair market value is required to be made hereunder, the determination
of fair market value shall be made in good faith by the Committee. 

         2.16 Grant Date. "Grant Date" means the date an Award is granted by the Committee. 

        2.17 Incentive Stock Option. "Incentive Stock Option" means an Option that is intended to meet the requirements of Section 422(b) of the Code.

         2.18 Nonqualified Stock Option. "Nonqualified Stock Option" means an Option that is not an Incentive Stock Option. 

         2.19 Option. "Option" means an option to purchase shares of Common Stock granted to a Participant pursuant to Article VII. An Option may be
either an Incentive Stock Option or a Nonqualified Stock Option, as determined by the Committee. 

        2.20 Other Incentive Award. "Other Incentive Award" means an incentive award granted to a Participant pursuant to Article XI. 

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         2.21 Outside Director. "Outside Director" means a "non-employee director" of the Company, as defined in Rule 16b-3. 

        2.22 Participant. "Participant" means an Employee or Outside Director to whom an Award has been granted under the Plan. 

         2.23 Person. "Person" means an individual or a corporation, limited liability company, partnership, joint venture, trust, unincorporated
organization, association, government agency or political subdivision thereof or other entity. 

         2.24 Phantom Option. "Phantom Option" means a fictional option granted to a Participant pursuant to Article VIII. 

        2.25 Plan. "Plan" means this Crosstex Energy, Inc. Long-Term Incentive Plan, as amended from time to time. 

         2.26 Restricted Stock. "Restricted Stock" means shares of Common Stock granted to a Participant pursuant to Article IX, which are subject to
such restrictions as may be determined by the Committee. Restricted Stock shall constitute issued and outstanding shares of Common Stock for all corporate purposes. 

        2.27 Rule 16b-3. "Rule 16b-3" means Rule 16b-3 promulgated by the SEC under the Exchange
Act, or any successor rule or regulation thereto as in effect from time to time. 

         2.28 SAR. "SAR" means a stock appreciation right granted to a Participant pursuant to Article X. 

         2.29 Superseded Plan. "Superseded Plan" means the Crosstex Energy Holdings, Inc. 2000 Stock Option Plan, as in effect prior to the Effective
Date. 

 
 

ARTICLE III. PLAN ADMINISTRATION    
    

         3.1   Plan Administrator. The Plan shall be administered by the Committee. The Committee may delegate some or all of its power to the Chief
Executive
Officer or other executive officer of the Company as the Committee deems appropriate; provided, that (i) the Committee may not delegate its power with regard to the grant of an Award to any
person who is a "covered employee" within the meaning of Section 162(m) of the Code or who, in the Committee's judgment, is likely to be a covered employee at any time during the period an
Award to such employee would be outstanding, and (ii) the Committee may not delegate its power with regard to the selection for participation in the Plan of an officer or other person subject
to Section 16 of the Exchange Act or decisions concerning the timing, pricing or amount of an Award to such an officer or other person. 

         3.2   Authority of Administrator. The Committee shall have total and exclusive responsibility to control, operate, manage and administer the
Plan in
accordance with its terms. The Committee shall have all the authority that may be necessary or helpful to enable it to discharge its responsibilities with respect to the Plan. Without limiting the
generality of the preceding sentence, the Committee shall have the exclusive right to: (i) interpret the Plan and the Award Agreements executed hereunder; (ii) determine eligibility for
participation in the Plan; (iii) decide all questions concerning eligibility for, and the amount of, Awards granted under the Plan; (iv) construe any ambiguous provision of the Plan or
any Award Agreement; (v) prescribe the form of the Award Agreements embodying Awards granted under the Plan; (vi) correct any defect, supply any omission or reconcile any inconsistency
in the Plan or any Award Agreement; (vii) issue administrative guidelines as an aid to administering the Plan and make changes in such guidelines as the Committee from time to time deems
proper; (viii) make regulations for carrying out the Plan and make changes in such regulations as the Committee from time to time deems proper; (ix) determine whether Awards should be
granted singly, in combination or in tandem; (x) to the extent permitted under the Plan, grant waivers of Plan terms, conditions, restrictions and limitations; (xi) accelerate the
exercise, vesting or payment of an Award when such 

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action
or actions would be in the best interests of the Company; (xii) grant Awards in replacement of Awards previously granted under the Plan or any other employee benefit plan of the Company;
and (xiii) take any and all other actions the Committee deems necessary or advisable for the proper operation or administration of the Plan. 

        3.3   Discretionary Authority. The Committee shall have full discretionary authority in all matters related to the discharge of its
responsibilities
and the exercise of its authority under the Plan, including, without limitation, its construction of the terms of the Plan and its determination of eligibility for participation and Awards under the
Plan. The decisions of the Committee and its actions with respect to the Plan shall be final, conclusive and binding on all persons having or claiming to have any right or interest in or under the
Plan, including Participants and their respective estates, beneficiaries and legal representatives. 

        3.4   Liability; Indemnification. No member of the Committee nor any person to whom authority has been delegated, shall be personally liable for
any
action, interpretation or determination made in good faith with respect to the Plan or Awards granted hereunder, and each member of the Committee (or delegatee of the Committee) shall be fully
indemnified and protected by Crosstex with respect to any liability he or she may incur with respect to any such action, interpretation or determination, to the extent permitted by applicable law. 

 
 

ARTICLE IV. SHARES SUBJECT TO THE PLAN    
    

         4.1   Available Shares. The maximum number of shares of Common Stock that shall be available for grant of Awards under the Plan shall not
exceed a
total of 1,200,000, subject to adjustment as provided in Sections 4.2 and 4.3; provided, however, that from and after such time as Crosstex registers a class of equity securities under
Section 12 of the Exchange Act, the maximum number of shares of Common Stock for which Options and SARs may be granted under the Plan to any one Participant during a calendar year is 100,000.
Shares of Common Stock issued pursuant to the Plan may be shares of original issuance or treasury shares or a combination of the foregoing, as the Committee, in its absolute discretion, shall from
time to time determine. 

         4.2   Adjustments for Recapitalizations and Reorganizations.

        (a)   The
shares with respect to which Awards may be granted under the Plan are shares of Common Stock as presently constituted, but if, and whenever, prior to the expiration
or satisfaction of an Award theretofore granted, Crosstex shall effect a subdivision or consolidation of shares of Common Stock or the payment of a stock dividend on Common Stock in the form of
Crosstex Common Stock without receipt of consideration by Crosstex, the number of shares of Common Stock with respect to which such Award may thereafter be exercised or satisfied, as applicable,
(i) in the event of an increase in the number of outstanding shares, shall be proportionately increased, and the exercise price per share shall be proportionately reduced, and (ii) in
the event of a reduction in the number of outstanding shares, shall be proportionately reduced, and the exercise price per share shall be proportionately increased. 

        (b)   If
Crosstex recapitalizes or otherwise changes its capital structure, thereafter upon any exercise or satisfaction, as applicable, of an Award theretofore granted the
Participant shall be entitled to (or entitled to purchase, if applicable) under such Award, in lieu of the number of shares of Common Stock then covered by such Award, the number and class of shares
of stock or other securities to which the Participant would have been entitled pursuant to the terms of the recapitalization if, immediately prior to such recapitalization, the Participant had been
the holder of record of the number of shares of Common Stock then covered by such Award. 

        (c)   In
the event of changes in the outstanding Common Stock by reason of a reorganization, merger, consolidation, combination, separation (including a spin-off
or other distribution of stock or property), exchange, or other relevant change in capitalization occurring after the date of grant 

4

 

of
any Award and not otherwise provided for by this Section 4.2, any outstanding Awards and any Award Agreements evidencing such Awards shall be subject to adjustment by the Committee in its
absolute discretion as to the number, price and kind of shares or other consideration subject to, and other terms of, such Awards to reflect such changes in the outstanding Common Stock. 

        (d)   In
the event of any changes in the outstanding Common Stock provided for in this Section 4.2, the aggregate number of shares available for grant of Awards under
the Plan may be equitably adjusted by the Committee, whose determination shall be conclusive. Any adjustment provided for in this Section 4.2 shall be subject to any required stockholder
action. 

         4.3   Adjustments for Awards. The Committee shall have full discretion to determine the manner in which shares of Common Stock available for
grant of
Awards under the Plan are counted. Without limiting the discretion of the Committee under this Section 4.3, unless otherwise determined by the Committee, the following rules shall apply for the
purpose of determining the number of shares of Common Stock available for grant of Awards under the Plan: 

        (a)   Options and Restricted Stock. The grant of Options and Restricted Stock shall reduce the number of shares available for
grant of Awards under the Plan by the number of shares subject to such Award. 

        (b)   SARs and Phantom Options. The grant of SARs and Phantom Options shall not affect the number of shares available for grant
of Awards under the Plan. 

        (c)   Other Incentive Awards. The grant of an Other Incentive Award in the form of Common Stock or that may be paid or settled
only in Common Stock shall reduce the number of shares available for grant of Awards under the Plan by the number of shares subject to such Award. The grant of an Other Incentive Award that may be
paid or settled only for cash shall not affect the number of shares available for grant of Awards under the Plan. The grant of an Other Incentive Award that may be paid or settled in either Common
Stock or cash shall reduce the number of shares available for grant of Awards under the Plan by the number of shares subject to such Award. 

        (d)   Termination. If any Award referred to in paragraphs (a) and (c) above (other than an Other Incentive Award
that may be paid or settled only for cash) is canceled or forfeited, or terminates, expires or lapses, for any reason (other than the termination of a Related Option (as defined in
Section 10.1) upon
exercise of its corresponding SARs), the shares then subject to such Award shall again be available for grant of Awards under the Plan. 

        (e)   Payment of Exercise Price and Withholding Taxes. If previously acquired shares of Common Stock are used to pay the
exercise price of an Award, the number of shares available for grant of Awards under the Plan shall not be increased by the number of shares delivered as payment of such exercise price. If previously
acquired shares of Common Stock are used to pay withholding taxes payable upon exercise, vesting or payment of an Award, or shares of Common Stock that would be acquired upon exercise, vesting or
payment of an Award are withheld to pay withholding taxes payable upon exercise, vesting or payment of such Award, the number of shares available for grant of Awards under the Plan shall not be
increased by the number of shares delivered or withheld as payment of such withholding taxes. 

        (f)    Fractional Shares. If any such adjustment would result in a fractional security being (i) available under the
Plan, such fractional security shall be disregarded or (ii) subject to an Award, Crosstex shall pay the holder of such Award, in connection with the first vesting, exercise or settlement of
such Award in whole or in part occurring after such adjustment, an amount in cash determined by multiplying (x) the fraction of such security (rounded to the nearest hundredth) by
(y) the excess, if any, of the Fair Market Value on the vesting, exercise or settlement date over the exercise price, if any, of such Award. 

5

 

 
 

ARTICLE V. ELIGIBILITY    
    

        All Employees and Outside Directors are eligible to participate in the Plan. The Committee shall recommend, from time to time, Participants from those Employees
and Outside Directors who, in the opinion of the Committee, can further the Plan purposes. Once a Participant is recommended for an Award by the Committee, the Committee shall determine the type and
size of Award to be granted to the Participant and shall establish in the related Award Agreement the terms, conditions, restrictions and/or limitations applicable to the Award, in addition to those
set forth in the Plan and the administrative rules and regulations, if any, established by the Committee. Outside Directors shall be eligible to participate in the Plan and receive Awards in the
discretion of the Committee. 

 
 

ARTICLE VI. FORM OF AWARDS    
    

        Awards may, at the Committee's sole discretion, be granted under the Plan in the form of Options pursuant to Article VII, Phantom Options pursuant to
Article VIII, Restricted Stock pursuant to Article IX, SARs pursuant to Article X, and Other Incentive Awards pursuant to Article XI, or a combination thereof. All Awards
shall be subject to the terms, conditions, restrictions and limitations of the Plan. The Committee may, in its absolute discretion, subject any Award to such other terms, conditions, restrictions
and/or limitations (including, but not limited to, the time and conditions of exercise, vesting or payment of an Award and restrictions on transferability of any shares of Common Stock issued or
delivered pursuant to an Award), provided they are not inconsistent with the terms of the Plan. Awards under a particular Article of the Plan need not be uniform, and Awards under more than one
Article of the Plan may be combined into a single Award Agreement. Any combination of Awards may be granted at one time and on more than one occasion to the same Participant. 

 
 

ARTICLE VII. OPTIONS    
    

         7.1   General. Awards may be granted to Employees and Outside Directors in the form of Options. Options granted under the Plan may be Incentive
Stock
Options or Nonqualified Stock Options, or a combination of both; provided, however, that Incentive Stock Options may be granted only to Employees. 

        7.2   Terms and Conditions of Options. An Option shall be exercisable in whole or in such installments and at such times as may be determined by
the
Committee. The price at which a share of Common Stock may be purchased upon exercise of a Nonqualified Stock Option shall be determined by the Committee, but such exercise price shall not be less than
50% of the Fair Market Value per share of Common Stock on the Grant Date. Except as otherwise provided in Section 7.3, the term of each Option shall be as specified by the Committee; provided,
however, that, no Options shall be exercisable later than ten years from the Grant Date. Options may be granted with respect to Restricted Stock or shares of Common Stock that are not Restricted
Stock, as determined by the Committee in its absolute discretion. 

        7.3   Restrictions Relating to Incentive Stock Options. Options granted in the form of Incentive Stock Options shall, in addition to being
subject to
the terms and conditions of Section 7.2, comply with Section 422(b) of the Code. Accordingly, no Incentive Stock Options shall be granted later than ten years from the date of adoption
of the Plan by the Board. In addition, no Incentive Stock Option shall be exercisable after the expiration of ten years from the Grant Date. To the extent that the aggregate Fair Market Value
(determined at the time the respective Incentive Stock Option is granted) of Common Stock with respect to which Incentive Stock Options are exercisable for the first time by an individual during any
calendar year under all incentive stock option plans of Crosstex and its Affiliates exceeds $100,000, such excess Incentive Stock Options shall be treated as options which do not constitute Incentive
Stock Options. The Committee shall determine, in accordance with the applicable provisions of the Code, which of a Participant's Incentive Stock Options will not constitute Incentive 

6

 

Stock
Options because of such limitation and shall notify the Participant of such determination as soon as practicable after such determination. The price at which a share of Common Stock may be
purchased upon exercise of an Incentive Stock Option shall be determined by the Committee, but such exercise price shall not be less than 100% of the Fair Market Value of a share of Common Stock on
the Grant Date. No Incentive Stock Option shall be granted to an Employee under the Plan if, at the time such Option is granted, such Employee owns stock possessing more than 10% of the total combined
voting power of all classes of stock of Crosstex or an Affiliate, within the meaning of Section 422(b)(6) of the Code, unless (i) on the Grant Date of such Option, the exercise price of
such Option is at least 110% of the Fair Market Value of the Common Stock subject to the Option and (ii) such Option by its terms is not exercisable after the expiration of five years from the
Grant Date of the Option. 

        7.4   Additional Terms and Conditions. The Committee may subject any Award of an Option to such other terms, conditions, restrictions and/or
limitations as it determines are necessary or appropriate, provided they are not inconsistent with the Plan. 

         7.5   Exercise of Options. Subject to the terms and conditions of the Plan, Options shall be exercised by the delivery of a written notice of
exercise
to Crosstex, setting forth the number of shares of Common Stock with respect to which the Option is to be exercised, accompanied by full payment for such shares. 

        Upon
exercise of an Option, the exercise price of the Option shall be payable to Crosstex in full either: (i) in cash or an equivalent acceptable to the Committee, or
(ii) in the absolute discretion of the Committee and in accordance with any applicable administrative guidelines established by the Committee, by tendering one or more previously acquired
nonforfeitable, unrestricted shares of Common Stock that have been held by the Participant for at least six months having an aggregate Fair Market Value at the time of exercise equal to the total
exercise price (including an actual or deemed multiple series of exchanges of such shares), or (iii) in a combination of the forms of payment specified in clauses (i) and
(ii) above. 

        From
and after such time as Crosstex registers the Common Stock under Section 12 of the Exchange Act, payment of the exercise price of an Option may also be made, in the absolute
discretion of the Committee, by delivery to Crosstex or its designated agent of an executed irrevocable option exercise form together with irrevocable instructions to a broker-dealer to sell or margin
a sufficient portion of the shares with respect to which the Option is exercised and deliver the sale or margin loan proceeds directly to Crosstex to pay the exercise price and any required
withholding taxes. 

        As
soon as reasonably practicable after receipt of written notification of exercise of an Option and full payment of the exercise price and any required withholding taxes, Crosstex shall
deliver to the Participant, in the Participant's name, a stock certificate or certificates in an appropriate amount based upon the number of shares of Common Stock purchased under the Option. 

         7.6   Termination of Employment or Service. Each Award Agreement embodying the Award of an Option shall set forth the extent to which the
Participant
shall have the right to exercise the Option following termination of the Participant's employment or service with the Company. Such provisions shall be determined by the Committee in its absolute
discretion, need not be uniform among all Options granted under the Plan and may reflect distinctions based on the reasons for termination of employment or service. In the event a Participant's Award
Agreement embodying the award of an Option does not set forth such termination provisions, the following termination provisions shall apply with respect to such Award: 

        (a)   Death or Disability. If the employment or service of a Participant shall terminate by reason of death or permanent and
total disability (within the meaning of Section 22(e)(3) of the Code), each outstanding Option held by the Participant may be exercised, to the extent then 

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vested,
until the earlier of (i) the expiration of one year from the date of such termination of employment or service, or (ii) the expiration of the term of such Option. 

        (b)   Other Termination. If the employment or service of a Participant shall terminate for any reason other than a reason set
forth in paragraph (a) above or paragraph (c) below, whether on a voluntary or involuntary basis, each outstanding Option held by the Participant may be exercised, to the extent then
vested, until the earlier of (i) the expiration of three months from the date of such termination of employment or service, or (ii) the expiration of the term of such Option. 

        (c)   Termination for Cause. Notwithstanding paragraphs (a) and (b) above, if the employment or service of a
Participant is terminated for Cause, all outstanding Options held by the Participant shall immediately be forfeited to the Company and no additional exercise period shall be allowed, regardless of the
vested status of the Option. 

 
 

ARTICLE VIII. PHANTOM OPTIONS    
    

        8.1   General. Awards may be granted to Employees and Outside Directors in the form of Phantom Options. Phantom Options shall be awarded in such
numbers and at such times as the Committee shall determine. All Phantom Options shall be evidenced by an Award Agreement as described in Section 8.2 below and any payment or settlement made
upon exercise of a Phantom Option shall be made to the Participant in accordance with the terms and conditions set forth in the Award Agreement. 

         8.2   Award of Phantom Options. Each Award Agreement embodying a Phantom Option granted pursuant to the Plan shall specify the strike price for
each
fictional share of Common Stock subject to the Phantom Option, the number of fictional shares subject to the Phantom Option being awarded, the manner and timing of the vesting of the Phantom Option
and of payments or transfer of shares to the Participant under such Award and such other terms and conditions not inconsistent with the provisions of the Plan as may be approved by the Committee in
its absolute discretion. The strike price of a Phantom Option shall be determined by the Committee, but such strike price shall not be less than 100% of the Fair Market Value per share of Common Stock
on the Grant Date of the Phantom Option. The term of each Phantom Option shall be as specified by the Committee; provided, however, that unless otherwise designated by the Committee, no Phantom Option
shall be exercisable later than ten years after the Grant Date of the Phantom Option. Except as otherwise provided in an applicable Award Agreement, Participants holding Phantom Options shall not be
entitled to any dividends, rights upon liquidation or other rights of a holder of shares of Common Stock. 

         8.3   Exercise. Subject to the terms and conditions of the Plan, Phantom Options shall be exercised by the delivery of a written notice of
exercise to
Crosstex, setting forth the number of fictional shares with respect to which the Phantom Option is to be exercised. Subject to the terms and conditions of this Plan and the applicable Award Agreement,
upon exercise each fictional share subject to a Phantom Option entitles the Participant holding such Phantom Option to receive the amount, if any, by which the Fair Market Value as of the date of
exercise exceeds the strike price, payable in one or a combination of the following forms, as determined by the Committee in its absolute discretion: (i) a cash payment or (ii) a whole
number of shares of Common Stock (with cash payable in lieu of fractional shares). 

         8.4   Termination of Employment or Service. Upon a Participant's termination of employment or service with the Company for any reason other
than for
Cause, the vested portion of such Participant's Phantom Option shall be deemed to be exercised pursuant to Section 8.3 above and the unvested portion of such Phantom Option shall immediately be
forfeited to Crosstex. If the employment or service of a Participant shall be terminated for Cause, all outstanding Phantom Options held by the Participant shall immediately be forfeited to Crosstex,
regardless of the vested status of such Phantom Options. 

8

 

 
 

ARTICLE IX. RESTRICTED STOCK    
    

        9.1   General. Awards may be granted to Employees and Outside Directors in the form of Restricted Stock. Restricted Stock shall be awarded in
such
numbers and at such times as the Committee shall determine. 

         9.2   Restriction Period. At the time an Award of Restricted Stock is granted, the Committee shall establish a period of time (the "Restriction
Period") applicable to such Restricted Stock. Each Award of Restricted Stock may have a different Restriction Period, in the discretion of the Committee. The Restriction Period applicable to a
particular Award of Restricted Stock shall not be changed except as permitted by Article IV or Section 9.3 of this Article. 

        9.3   Other Terms and Conditions. Restricted Stock awarded to a Participant under the Plan shall be represented by a stock certificate
registered in
the name of the Participant or, at the option of Crosstex, in the name of a nominee of Crosstex. Subject to the terms and conditions of the Award Agreement, a Participant to whom Restricted Stock has
been awarded shall have the right to receive dividends thereon during the Restriction Period, to vote the Restricted Stock and to enjoy all other stockholder rights with respect thereto, except that
(i) the Participant shall not be entitled to possession of the stock certificate representing the Restricted Stock until the Restriction Period shall have expired, (ii) Crosstex shall
retain custody of the Restricted Stock during the Restriction Period, (iii) the Participant may not sell, transfer, pledge, exchange, hypothecate or otherwise dispose of the Restricted Stock
during the Restriction Period, and (iv) a breach of the terms and conditions established by the Committee pursuant to the Award of the Restricted Stock shall cause a forfeiture of the
Restricted Stock. At the time of an Award of Restricted Stock, the Committee may, in its absolute discretion, prescribe additional terms, conditions, restrictions and/or limitations applicable to the
Restricted Stock, including, but not limited to, rules pertaining to the termination of employment or service (by reason of death, permanent and total disability, or otherwise) of a Participant prior
to expiration of the Restriction Period. 

        9.4   Payment for Restricted Stock. A Participant shall not be required to make any payment for Restricted Stock awarded to the Participant,
except to
the extent otherwise required by the Committee or by applicable law. 

         9.5   Miscellaneous. Nothing in this Article shall prohibit the exchange of shares of Restricted Stock issued under the Plan pursuant to a plan
of
reorganization for stock or securities of Crosstex or another corporation that is a party to the reorganization, but the stock or securities so received for shares of Restricted Stock shall, except as
provided in Article IV or XII, become subject to the restrictions applicable to the Award of such Restricted Stock. Any shares of stock received as a result of a stock split or stock dividend
with respect to shares of Restricted Stock shall also become subject to the restrictions applicable to the Award of such Restricted Stock. 

 
 

ARTICLE X. SARs    
    

         10.1 General. The Committee may from time to time grant SARs in conjunction with all or any portion of any Option (the "Related Option") either
(i) at the time of the initial Option grant (not including any subsequent modification that may be treated as a new grant of an Incentive Stock Option for purposes of Section 424(h) of
the Code) or (ii) with respect to Nonqualified Stock Options, at any time after the initial Option grant while the Nonqualified Stock Option is still outstanding. SARs shall not be granted
other than in conjunction with an Option granted hereunder. 

         10.2 Terms and Conditions. SARs granted hereunder shall comply with the following conditions and also with the terms of the Award Agreement governing
the Related Option: 

        (a)   The
SAR shall expire no later than the expiration of the Related Option. 

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        (b)   Upon
the exercise of an SAR, the Participant shall be entitled to receive from Crosstex or the appropriate Affiliate an amount in cash equal to the excess of the
aggregate Fair Market Value of the shares of Common Stock with respect to which the SAR is then being exercised (determined as of the date of such exercise) over the aggregate purchase price of such
shares as provided in the Related Option. 

        (c)   SARs
shall be exercisable (i) only at such time or times and only to the extent that the Related Option shall be exercisable, (ii) only when the Fair
Market Value of the shares subject to the Related Option exceeds the purchase price of the shares as provided in the Related Option, and (iii) only upon surrender of the Related Option or any
portion thereof with respect to the shares for which the SARs are then being exercised. 

        (d)   Upon
the exercise of an SAR, the Related Option shall be deemed to have been terminated to the extent of the number of shares of Common Stock with respect to which such
SARs are exercised. Upon the exercise or termination of the Related Option, the SARs with respect to such Related Option shall be deemed to have been terminated to the extent of the number of shares
of Common Stock with respect to which the Related Option was so exercised or terminated. 

         10.3 Exercise of SARs. Each exercise of SARs, or a portion thereof, shall be evidenced by a notice in writing to Crosstex. 

 
 

ARTICLE XI. OTHER INCENTIVE AWARDS    
    

        Subject to the terms and provisions of the Plan, Other Incentive Awards may be granted to Employees and Outside Directors in such amounts, upon such terms and at
any time and from time to time as shall be determined by the Committee in its absolute discretion. Other Incentive Awards may be granted based upon, payable in or otherwise related to, in whole or in
part, shares of Common Stock if the Committee, in its absolute discretion, determines that such Other Incentive Awards are consistent with the purposes of the Plan. Each grant of an Other Incentive
Award shall be evidenced by an Award Agreement that shall specify the amount of the Other Incentive Award and the terms, conditions, restrictions and/or limitations applicable to such Award. Payment
of Other Incentive Awards shall be made at such times and in such form, which may be cash, shares of Common Stock or other property (or a combination thereof), as established by the Committee, subject
to the terms of the Plan. 

 
 

ARTICLE XII. CHANGE OF CONTROL    
    

         12.1 Definition of Change of Control. A "Change of Control" shall be deemed to have occurred if (i) Yorktown Partners LLC, a Delaware limited
liability company, or its Affiliates including any funds under its management ("Yorktown") no longer directly or indirectly owns a controlling interest in Crosstex, other than as a result of a firm
commitment underwritten public offering, (ii) any sale, lease, exchange or other transfer (in one or a series of related transactions) of all or substantially all of the assets of Crosstex to
any Person or its Affiliates, other than an Affiliates, or (iii) any merger, reorganization, consolidation or other transaction pursuant to which more than 50% of the combined voting power of
the equity interests in Crosstex ceases to be owned by Persons who own such interests as of the initial public offering date of the Common Stock. The phrase "Immediately prior to a Change of Control"
shall be understood to mean sufficiently in advance of a Change of Control to permit Participants to take all steps reasonably necessary to exercise an Award, if applicable, and to deal with the
Common Stock underlying all Awards so that all Awards and Common Stock issuable with respect thereto may be treated in the same manner as the shares of stock of other stockholders in connection with
the Change of Control. 

         12.2 Effect on Outstanding Awards. Immediately prior to a Change of Control, all Awards (other than Options granted under the Superseded Plan) shall
automatically vest and become payable or 

10

 

exercisable,
as the case may be, in full. In this regard, all restriction periods shall terminate and all performance criteria, if any, shall be deemed to have been achieved at the maximum level. To
the extent that an Option or SAR is not exercised upon a Change of Control, the Committee may, in its discretion, cancel such Award without payment or provide for a replacement Award with respect to
such property and on such terms as it deems appropriate. 

 
 

ARTICLE XIII. AMENDMENT AND TERMINATION    
    

        13.1 Plan Amendment and Termination. The Board may at any time suspend, terminate, amend or modify the Plan, in whole or in part; provided, however,
that no amendment or modification of the Plan shall become effective without the approval of such amendment or modification by the stockholders of Crosstex (i) if such amendment or modification
increases the maximum number of shares subject to the Plan (except as provided in Article IV) or changes the designation or class of persons eligible to receive Awards under the Plan, or
(ii) if counsel for Crosstex determines that such approval is otherwise required by or necessary to comply with applicable law. The Plan shall terminate upon the earlier of (i) the
termination of the Plan by the Board, or (ii) the expiration of ten years from the Effective Date. Upon termination of the Plan, the terms and provisions of the Plan shall, notwithstanding such
termination, continue to apply to Awards granted prior to such termination. No suspension, termination, amendment or modification of the Plan shall adversely affect in any material way any Award
previously granted under the Plan, without the consent of the Participant (or the permitted transferee) holding such Award. 

         13.2 Award Amendment and Cancellation. The Board may amend the terms of any outstanding Award granted pursuant to this Plan, but no such amendment
shall adversely affect in any material way the Participant's (or a permitted transferee's) rights under an outstanding Award without the consent of the Participant (or the permitted transferee)
holding such Award. The Board may, with a Participant's (or a permitted transferee's) written consent, cancel any outstanding Award held by such Participant (or permitted transferee) in exchange for a
new Award. 

 
 

ARTICLE XIV. MISCELLANEOUS    
    

         14.1 Award Agreements. After the Committee grants an Award under the Plan to a Participant, Crosstex and the Participant shall enter into an Award
Agreement setting forth the terms, conditions, restrictions and/or limitations applicable to the Award and such other matters as the Committee may determine to be appropriate. The terms and provisions
of the respective Award Agreements need not be identical. All Award Agreements shall be subject to the provisions of the Plan, and in the event of any conflict between an Award Agreement and the Plan,
the terms of the Plan shall govern. Any provision of this Plan to the contrary notwithstanding, all Options granted under the Superseded Plan shall be subject to the provisions of the Superseded Plan,
and in the event of any conflict between the terms of an Award Agreement granted under the Superseded Plan and the Superseded Plan, the terms of the Superseded Plan shall govern. 

        14.2 Listing Conditions.

        (a)   As
long as the Common Stock is listed on a national securities exchange or system sponsored by a national securities association, the issuance of any shares of Common
Stock pursuant to an Award shall be conditioned upon such shares being listed on such exchange or system. Crosstex shall have no obligation to issue such shares unless and until such shares are so
listed, and the right to exercise any Option or other Award with respect to such shares shall be suspended until such listing has been effected. 

        (b)   If
at any time counsel to Crosstex or its Affiliates shall be of the opinion that any sale or delivery of shares of Common Stock pursuant to an Award is or may in the
circumstances be unlawful or result in the imposition of excise taxes on Crosstex or its Affiliates under the statutes, 

11

 

rules
or regulations of any applicable jurisdiction, Crosstex or its Affiliates shall have no obligation to make such sale or delivery, or to make any application or to effect or to maintain any
qualification or registration under the Securities Act of 1933, as amended, or otherwise, with respect to shares of Common Stock or Awards, and the right to exercise any Option or other Award shall be
suspended until, in the opinion of said counsel, such sale or delivery shall be lawful or will not result in the imposition of excise taxes on Crosstex or its Affiliates. 

        (c)   Upon
termination of any period of suspension under this Section 14.2, any Award affected by such suspension which shall not then have expired or terminated shall
be reinstated as to all shares available before such suspension and as to shares which would otherwise have become available during the period of such suspension, but no such suspension shall extend
the term of any Award. 

        14.3 Additional Conditions. Notwithstanding anything in the Plan to the contrary: (i) Crosstex may, if it shall determine it necessary or
desirable for any reason, at the time of grant of any Award or the issuance of any shares of Common Stock pursuant to any Award, require the recipient of the Award or such shares of Common Stock, as a
condition to the receipt thereof, to deliver to Crosstex a written representation of present intention to acquire the Award or such shares of Common Stock for his or her own account for investment and
not for distribution; (ii) the certificate for shares of Common Stock issued to a Participant may include any legend which the Committee deems appropriate to reflect any restrictions on
transfer, and (iii) all certificates for shares of Common Stock delivered under the Plan shall be subject to such stop transfer orders and other restrictions as the Committee may deem advisable
under the rules, regulations and other requirements of the SEC, any stock exchange upon which the Common Stock is then quoted, any applicable federal or state securities law, and any applicable
corporate law, and the Committee may cause a legend or legends to be put on any such certificates to make appropriate reference to such restrictions. 

         14.4 Nonassignability. No Award granted under the Plan may be sold, transferred, pledged, exchanged, hypothecated or otherwise disposed of, other
than by will or pursuant to the applicable laws of descent and distribution. Further, no such Award shall be subject to execution, attachment or similar process. Any attempted sale, transfer, pledge,
exchange, hypothecation or other disposition of an Award not specifically permitted by the Plan or the Award Agreement shall be null and void and without effect. All Awards granted to a Participant
under the Plan shall be exercisable during his or her lifetime only by such Participant or, in the event of the Participant's legal incapacity, by his or her guardian or legal representative. 

         14.5 Withholding Taxes. The Company shall be entitled to deduct from any payment made under the Plan, regardless of the form of such payment, the
amount of all applicable income and employment taxes required by law to be withheld with respect to such payment, may require the Participant to pay to the Company such withholding taxes prior to and
as a condition of the making of any payment or the issuance or delivery of any shares of Common Stock under the Plan, and shall be entitled to deduct from any other compensation payable to the
Participant any withholding obligations with respect to Awards under the Plan. In accordance with any applicable administrative guidelines it establishes, the Committee may allow a Participant to pay
the amount of taxes required by law to be withheld from or with respect to an Award by (i) withholding shares of Common Stock from any payment of Common Stock due as a result of such Award, or
(ii) permitting the Participant to deliver to the Company previously acquired shares of Common Stock, in each case having a Fair Market Value equal to the amount of such required withholding
taxes. No payment shall be made and no shares of Common Stock shall be issued pursuant to any Award unless and until the applicable tax withholding obligations have been satisfied. 

12

 

         14.6 No Fractional Shares. No fractional shares of Common Stock shall be issued or delivered pursuant to the Plan or any Award granted hereunder, and
except as otherwise provided herein, no payment or other adjustment shall be made in respect of any such fractional share. 

        14.7 Notices. All notices required or permitted to be given or made under the Plan or any Award Agreement shall be in writing and shall be deemed to
have been duly given or made if (i) delivered personally, (ii) transmitted by first class registered or certified United States mail, postage prepaid, return receipt requested,
(iii) sent by prepaid overnight courier service, or (iv) sent by telecopy or facsimile transmission, answer back requested, to the person who is to receive it at the address that such
person has theretofore specified by written notice delivered in accordance herewith. Such notices shall be effective (i) if delivered personally or sent by courier service, upon actual receipt
by the intended recipient, (ii) if mailed, upon the earlier of five days after deposit in the mail or the date of delivery as shown by the return receipt therefor, or (iii) if sent by
telecopy or facsimile transmission, when the answer back is received. Crosstex or a Participant may change, at any time and from time to time, by written notice to the other, the address that it or
such Participant had theretofore specified for receiving notices. Until such address is changed in accordance herewith, notices hereunder or under an Award Agreement shall be delivered or sent
(i) to a Participant at his or her address as set forth in the records of the Company or (ii) to Crosstex at the principal executive offices of Crosstex clearly marked "Attention: LTIP
Administrator." 

        14.8 Binding Effect. The obligations of Crosstex under the Plan shall be binding upon any successor corporation or organization resulting from the
merger, consolidation or other reorganization of Crosstex, or upon any successor corporation or organization succeeding to all or substantially all of the assets and business of Crosstex. The terms
and conditions of the Plan shall be binding upon each Participant and his or her heirs, legatees, distributees and legal representatives. 

         14.9 Severability. If any provision of the Plan or any Award Agreement is held to be illegal or invalid for any reason, the illegality or invalidity
shall not affect the remaining provisions of the Plan or such agreement, as the case may be, but such provision shall be fully severable and the Plan or such agreement, as the case may be, shall be
construed and enforced as if the illegal or invalid provision had never been included herein or therein. 

         14.10 No Restriction of Corporate Action. Nothing contained in the Plan shall be construed to prevent Crosstex or any Affiliate from taking any
corporate action (including any corporate action to suspend, terminate, amend or modify the Plan) that is deemed by Crosstex or such Affiliate to be appropriate or in its best interest, whether or not
such action would have an adverse effect on the Plan or any Awards made or to be made under the Plan. No Participant or other person shall have any claim against Crosstex or any Affiliate as a result
of such action. 

         14.11 Governing Law. The Plan shall be governed by and construed in accordance with the internal laws (and not the principles relating to conflicts
of laws) of the State of Delaware except as superseded by applicable federal law. 

         14.12 No Right, Title or Interest in Company Assets. No Participant shall have any rights as a stockholder of Crosstex as a result of participation
in the Plan until the date of issuance of a stock certificate in his or her name and, in the case of Restricted Stock, unless and until such rights are granted to the Participant pursuant to the Plan.
To the extent any person acquires a right to receive payments from the Company under the Plan, such rights shall be no greater than the rights of an unsecured general creditor of the Company, and such
person shall not have any rights in or against any specific assets of the Company. All of the Awards granted under the Plan shall be unfunded. 

         14.13 Risk of Participation. Nothing contained in the Plan shall be construed either as a guarantee by Crosstex or its Affiliates, or their
respective stockholders, directors, officers or employees, of the value of any assets of the Plan or as an agreement by Crosstex or its Affiliates, or their respective 

13

 

stockholders,
directors, officers or employees, to indemnify anyone for any losses, damages, costs or expenses resulting from participation in the Plan. 

         14.14 No Guarantee of Tax Consequences. No person connected with the Plan in any capacity, including, but not limited to, Crosstex and the Affiliates
and their respective directors, officers, agents and employees, makes any representation, commitment or guarantee that any tax treatment, including, but not limited to, federal, state and local
income, estate and gift tax treatment, will be applicable with respect to any Awards or payments thereunder made to or for the benefit of a Participant under the Plan or that such tax treatment will
apply to or be available to a Participant on account of participation in the Plan. 

         14.15 Continued Employment or Service. Nothing contained in the Plan or in any Award Agreement shall confer upon any Participant the right to
continue in the employ or service of the Company, or interfere in any way with the rights of the Company to terminate a Participant's employment or service at any time, with or without cause. 

         14.16 Miscellaneous. Headings are given to the articles and sections of the Plan solely as a convenience to facilitate reference. Such headings shall
not be deemed in any way material or relevant to the construction of the Plan or any provisions hereof. The use of the masculine gender shall also include within its meaning the feminine. Wherever the
context of the Plan dictates, the use of the singular shall also include within its meaning the plural, and vice versa. 

14

 

        IN
WITNESS WHEREOF, this Plan has been executed as of this 31st day of December 2003. 

	 	 	CROSSTEX ENERGY, INC.
	

 	
 	

By:	
 	

/s/ William W. Davis
 William W. Davis

Senior Vice President and

Chief Financial Officer

15

QuickLinks

Exhibit 4.1

CROSSTEX ENERGY, INC. LONG-TERM INCENTIVE PLAN (Amended and Restated Effective as of December 31, 2003)

ARTICLE I. ESTABLISHMENT AND PURPOSE

ARTICLE II. DEFINITIONS

ARTICLE III. PLAN ADMINISTRATION

ARTICLE IV. SHARES SUBJECT TO THE PLAN

ARTICLE V. ELIGIBILITY

ARTICLE VI. FORM OF AWARDS

ARTICLE VII. OPTIONS

ARTICLE VIII. PHANTOM OPTIONS

ARTICLE IX. RESTRICTED STOCK

ARTICLE X. SARs

ARTICLE XI. OTHER INCENTIVE AWARDS

ARTICLE XII. CHANGE OF CONTROL

ARTICLE XIII. AMENDMENT AND TERMINATION

ARTICLE XIV. MISCELLANEOUS

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