Document:

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                                                                Exhibit 10.16

                           WARRANT PLACEMENT AGREEMENT

          WARRANT PLACEMENT AGREEMENT (this "Agreement") made as of this ___ day
of ____ 2006 among Geneva Acquisition Corporation, a Delaware corporation (the
"Company") and the undersigned (the "Purchasers").

          WHEREAS, the Company has filed with the Securities and Exchange
Commission ("SEC") a registration statement on Form S-1, as amended (File No.
333-_______) (the "Registration Statement"), in connection with the Company's
initial public offering (the "IPO") of up to 11,500,000 units, each unit
("Unit") consisting of one share of the Company's common stock, $.0001 par value
(the "Common Stock"), and (ii) two warrants (the "Warrants"), each Warrant to
purchase one share of Common Stock; and

          WHEREAS, the Company desires to sell in a private placement to the
Purchasers (the "Placement") an aggregate of [2,923,077] warrants (the
"Placement Warrants") substantially identical to the Warrants being issued in
the IPO pursuant to the terms and conditions hereof and as set forth in the
Registration Statement, except that the Placement Warrants to be issued in the
Placement shall not be registered under the Securities Act of 1933, as amended
(the "Securities Act") and as otherwise specified this agreement;

          WHEREAS, each Purchaser desires to acquire the number of Placement
Warrants set forth opposite his name on SCHEDULE A hereto;

          WHEREAS, the Placement Warrants shall be governed by the Warrant
Agreement filed as an exhibit to the Registration Statement; and

          WHEREAS, the Purchasers are entitled to registration rights with
respect to the Placement Warrants and the Common Stock underlying such Placement
Warrants (collectively, the "Registrable Securities") on the terms set forth in
this Agreement.

          NOW, THEREFORE, for and in consideration of the premises and the
mutual covenants hereinafter set forth, the parties hereto do hereby agree as
follows:

     1.   PURCHASE OF WARRANTS. The Purchasers hereby agree to purchase an
          aggregate of 2,923,077 Placement Warrants at a purchase price of
          $0.65 per Placement Warrant, or an aggregate of $1,400,750 (the
          "Purchase Price"). Such purchases shall be in the names and amounts
          set forth on Schedule A hereto.

     2.   CLOSING. The closing of the purchase and sale of the Placement
          Warrants (the "Closing") will take place at such time and place as the
          parties may agree (the "Closing Date"), but in no event later than the
          date on which the SEC declares the Registration Statement effective
          (the "Effective Date"). At least 24 hours prior to the Effective Date,
          the Purchasers shall pay the Purchase Price by wire transfer of funds
          to an account maintained by Ladenburg Thalmann & Co. Inc., the
          representative of the underwriters in the IPO ("LTC"). Immediately
          prior to the closing of the IPO, LTC shall deposit the Purchase Price
          into the trust account described in the Registration Statement (the
          "Trust Account"). The certificates for the Placement Warrants shall be
          delivered to the Purchasers promptly after the closing of the IPO.
          Notwithstanding the Closing Date or the terms of the Warrants, the
          Placement Warrants shall not be entitled to any adjustments for stock
          dividends, stock splits, reverse stock splits, or recapitalizations
          prior to the closing of the IPO.

     3.   LOCK-UP AGREEMENT. The Purchasers shall not sell, assign, hypothecate,
          or transfer any of the Placement Warrants purchased pursuant to this
          Agreement until 30 days after the Company's consummation of a merger,
          capital stock exchange, asset acquisition or other similar business
          combination with an operating business ("Business Combination") and
          acknowledge that the Placement Warrants will be held in escrow during
          such time period and the certificates for such Placement Warrants
          shall contain a legend indicating such restriction on transferability.

     4.   REPRESENTATIONS AND WARRANTIES OF THE PURCHASERS. Each Purchaser
          hereby represents and warrants to the Company that:

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          4.1  The Purchaser has been advised that the Placement Warrants have
               not been registered under the Securities Act;

          4.2  The Purchaser is an "accredited investor" as that term is defined
               in Rule 501 of Regulation D promulgated under the Securities Act.

          4.3  The Placement Warrants are being acquired for the Purchaser's own
               account, only for investment purposes and not with a view to, or
               for resale in connection with, any distribution or public
               offering thereof within the meaning of the Securities Act.

          4.4  The Purchaser has the full right, power and authority to enter
               into this Agreement and this Agreement is a valid and legally
               binding obligation of the Purchaser enforceable against the
               Purchaser in accordance with its terms.

          4.5  The Purchaser is familiar with the proposed business, management,
               financial condition and affairs of the Company.

     5.   REGISTRATION RIGHTS. The Placement Warrants and the shares issuable
          upon exercise of the Placement Warrants shall be subject to the terms
          and benefits of the Registration Rights Agreement to be entered into
          between the Company and the Purchasers in connection with the
          Company's IPO.

     6.   WAIVER OF CLAIMS; INDEMNIFICATION. The Purchasers hereby waive any and
          all rights to assert any present or future claims, including any right
          of rescission, against the Company, LTC or the other underwriters in
          the IPO with respect to their purchase of the Placement Warrants, and
          each Purchaser agrees jointly and severally to indemnify and hold the
          Company, LTC and the other underwriters in the IPO harmless from all
          losses, damages or expenses that relate to claims or proceedings
          brought against the Company, LTC or such other underwriters by any
          Purchaser of the Placement Warrants or their transferees, heirs,
          assigns or any subsequent holders of the Placement Warrants.

     7.   COUNTERPARTS; FACSIMILE. This Agreement may be executed in any number
          of counterparts, each of which when so executed shall be deemed to be
          an original and all of which taken together shall constitute one and
          the same instrument. This Agreement or any counterpart may be executed
          via facsimile transmission, and any such executed facsimile copy shall
          be treated as an original.

     8.   GOVERNING LAW. This Agreement shall for all purposes be deemed to be
          made under and shall be construed in accordance with the laws of The
          Commonwealth of Massachusetts. Each of the parties hereby agrees that
          any action, proceeding or claim against it arising out of or relating
          in any way to this Agreement shall be brought and enforced in the
          courts of The Commonwealth of Massachusetts or the United States
          District Court for The Commonwealth of Massachusetts, and irrevocably
          submits to such jurisdiction, which jurisdiction shall be exclusive.
          Each of the parties hereby waives any objection to such exclusive
          jurisdiction and that such courts represent an inconvenient forum.

   [REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK; SIGNATURE PAGE FOLLOWS.]

                                       2

<Page>

     IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the
___ day of _______ 2006.

                                        GENEVA ACQUISITION CORPORATION

                                        By:
                                            ------------------------------------
                                            John F. Rousseau,.
                                            Jr., Chief Operating Officer

                                        PURCHASERS:

                                       3

<Page>

                                   SCHEDULE A

<Table>
<Caption>
Purchaser   Warrants Purchased   Purchase Amount
---------   ------------------   ---------------
<S>         <C>                  <C>
   TOTAL         2,155,000          $1,400,750
</Table>

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EXHIBIT 10.9  

 
 

ADOPTION AGREEMENT
  
    BETWEEN
  
    BREITBURN ENERGY COMPANY L.P.
  
    AND
  
    BREITBURN MANAGEMENT COMPANY, LLC    
    

  

 
 

TABLE OF CONTENTS    
    

	

ARTICLE I
	

DEFINITIONS
	Section 1.1	 	Definitions	 	1
	Section 1.2	 	Construction	 	2
	

ARTICLE II
	ADOPTION OF INCENTIVE COMPENSATION PLANS AND AGREEMENTS
	Section 2.1	 	Adoption of Existing BreitBurn Management Plans	 	3
	Section 2.2	 	Employment Agreements	 	3
	

ARTICLE III
	

AMENDMENTS TO ADOPTED PLANS AND OUTSTANDING AWARDS
	Section 3.1	 	Adoption by BreitBurn Management	 	4
	Section 3.2	 	Amendments to Phantom Options under the Phantom Option Plan	 	4
	Section 3.3	 	Amendments to Founders Options under the Founders Plan	 	4
	Section 3.4	 	Amendments to LTIP and Jackson PTUs	 	5
	Section 3.5	 	UAR Plan	 	5
	

ARTICLE IV
	

IRC §  409A COMPLIANCE
	

ARTICLE V
	

GENERAL PROVISIONS
	Section 5.1	 	General Provisions	 	6
	Section 5.2	 	Further Action	 	6
	Section 5.3	 	Binding Effect	 	7
	Section 5.4	 	Integration	 	7
	Section 5.5	 	Creditors	 	7
	Section 5.6	 	Waiver	 	7
	Section 5.7	 	Counterparts	 	7
	Section 5.8	 	Applicable Law	 	7
	Section 5.9	 	Invalidity of Provisions	 	7
	Section 5.10	 	Amendment or Restatement	 	7

ADOPTION
AGREEMENT 

i

 
 

ADOPTION AGREEMENT    
    

        THIS ADOPTION AGREEMENT is entered into on, and effective as of            , 2006 (the "Effective Date"),
between BreitBurn Energy Company L.P., a Delaware limited partnership (the "BreitBurn Energy") and BreitBurn Management Company, LLC, a Delaware limited liability company ("BreitBurn Management," and
collectively with BreitBurn Energy, the "Parties" and each, a "Party"). 

 
 

RECITALS    
    

        A.    BreitBurn
Energy currently employs certain individuals who operate its business; 

        B.    BreitBurn
Management has been organized to provide certain services to BreitBurn Energy and the newly created BreitBurn Energy Partners L.P. (the "Partnership") and to
operate the businesses of both BreitBurn Energy and the Partnership and to fulfill other general and administrative functions relating to such businesses; 

        C.    BreitBurn
Management will employ the former employees of BreitBurn Energy and assume the obligations of BreitBurn Energy to such employees; and 

        D.    BreitBurn
Energy has certain employee benefit plans that will be assumed by BreitBurn Management. 

        NOW,
THEREFORE, BreitBurn Energy and BreitBurn Management agree as follows: 

 
 

ARTICLE I    
    

 
 

DEFINITIONS    
    

        Section 1.1    Definitions.    The following definitions shall be for all purposes, unless otherwise clearly
indicated to the contrary, applied to the terms used in this Agreement. 

        "Adopted Plans" means the LTIP, the UAR Plan and the Founders Plan. 

        "Agreement" means this Adoption Agreement, as it may be amended, supplemented or restated from time to time. 

        "Base Price" shall have the meaning set forth in the Founders Plan. 

        "BreitBurn Energy" is defined in the introductory paragraph. 

        "BreitBurn Management" is defined in the introductory paragraph. 

        "Breitenbach Agreement" is defined in Section 2.2. 

        "Co-CEO Employment Agreements" is defined in Section 2.2. 

        "Distributions" shall have the meaning set forth in the Founders Plan. 

        "Effective Date" is defined in the introductory paragraph. 

        "Exercise Date" shall have the meaning set forth in the Founders Plan. 

        "Founders Plan" is defined in Section 2.1. 

        "Founders Options" is defined in Section 3.3. 

        "IPO Date" means the date on which the initial offering and sale of common units in the Partnership to the public is completed. 

        "Jackson Agreement" is defined in Section 2.2. 

        "LTIP" is defined in Section 2.1. 

        "Parties" is defined in the introductory paragraph. 

 

        "Partnership" is defined in the introductory paragraph. 

        "Partnership Interest" shall have the meaning set forth in the Founders Plan. 

        "Partnership Valuation" shall have the meaning set forth in Section 6.6.1 of the Limited Partnership Agreement of BreitBurn Energy. 

        "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. 

        "Phantom Option Plan" is defined in Section 2.2. 

        "Phantom Options" is defined in Section 3.2. 

        "Retained Business" is defined in Section 3.2. 

        "Transferred Business" is defined in Section 3.2. 

        "UAR Plan" is defined in Section 2.1. 

        "Washburn Agreement" is defined in Section 2.2. 

        Other
terms defined herein have the meanings so given them. 

        Section 1.2    Construction.    Unless the context requires otherwise: (a) any pronoun used in this
Agreement shall include the corresponding masculine, feminine or neuter forms, and the singular form of nouns, pronouns and verbs shall include the plural and vice versa; (b) references to
Articles and Sections refer to Articles and Sections of this Agreement; (c) references to Exhibits refer to the Exhibits attached to this Agreement, each of which is made a part hereof for all
purposes; (d) the terms "include", "includes", "including" and words of like import shall be deemed to be followed by the words "without limitation"; (e) the terms "hereof," "herein" and
"hereunder" refer to this Agreement as a whole and not to any particular provision of this Agreement; and (f) references to money refer to legal currency of the United States of America. The
table of contents and headings contained in this Agreement are for reference purposes only, and shall not affect in any way the meaning or interpretation of this Agreement. Article II Adoption
of Incentive Compensation Plans and Agreements 

        Section
2.1    Adoption of Existing BreitBurn Management Plans.    Effective on the IPO Date, BreitBurn Energy hereby
assigns to BreitBurn Management, and BreitBurn Management hereby assumes the obligations of BreitBurn Energy under: 

        (a)   The
BreitBurn Energy Company L.P. Unit Appreciation Plan for Officers and Key Individuals ("Founders Plan"); 

        (b)   The
BreitBurn Energy Company L.P. Long Term Incentive Plan ("LTIP"); and 

        (c)   The
BreitBurn Energy Company L.P. Unit Appreciation Plan for Employees and Consultants ("UAR Plan"). 

        Section 2.2    Employment Agreements.    

        (a)   Effective
on the IPO Date, BreitBurn Energy hereby assigns to BreitBurn Management, and BreitBurn Management hereby assumes the obligations of BreitBurn Energy under,
the Employment Agreement with James G. Jackson and BreitBurn Energy dated July 7, 2006 (the "Original Jackson Agreement"). 

2

 

        (b)   Effective
on the IPO Date, BreitBurn Management will enter into and become a party to the following agreements: 

        (i)    Amended
and Restated Employment Agreement with Randall Breitenbach and certain other parties dated September [    ], 2006 (the
"Breitenbach Agreement"); 

        (ii)   Amended
and Restated Employment Agreement with Halbert Washburn and certain other parties dated September [    ], 2006 (the "Washburn
Agreement", and collectively with the Breitenbach Agreement, the "Co-CEO Employment Agreements"); and 

        (iii)  Amendment
dated September [    ], 2006 to the Original Jackson Agreement (together with the Original Jackson Agreement, the "Jackson
Agreement", and collectively with the Co-CEO Employment Agreements, the "Employment Agreements"). 

        Certain
phantom options have been granted and will be granted pursuant to the Co-CEO Employment Agreements and are referred to herein collectively as the "Phantom Option
Plan". Article III Amendments to Adopted Plans and Outstanding Awards 

        Section 3.1    Adoption by BreitBurn Management.    Effective on the IPO Date, BreitBurn Management is
substituted for BreitBurn Energy in all appropriate places in the Adopted Plans and references to the "Board of Directors" in such Adopted Plans shall also mean, where applicable, the Board of
Directors of BreitBurn Management. Notwithstanding the foregoing sentence, BreitBurn Energy shall remain liable for the full and complete performance of its duties and obligations under the Adopted
Plans. 

        Section 3.2    Amendments to Phantom Options under the Phantom Option Plan.    The phantom options previously
granted pursuant to the Phantom Option Plan and outstanding on the IPO Date (the "Phantom Options") shall automatically and without any other action required to be taken on the part of any of the
Parties or any other Person be converted, effective on the IPO Date, into three separate awards pursuant to the terms of the Phantom Option Plan set forth in the Co-CEO Employment
Agreements. 

        Section 3.3    Amendments to Founders Options under the Founders Plan.    The options granted pursuant to the
Founders Plan and outstanding on the IPO Date (the "Founders Options") shall automatically and without any other action required to be taken on the part of any of the Parties or any other Person be
converted, effective on the IPO Date, into the following three separate awards, which shall be settled in cash: 

        (a)   a
phantom unit based on the difference between (i) the value of a portion of the Base Price allocable to the operations attributable to properties of BreitBurn
Energy not transferred to the Partnership (the "Retained Business") and (ii) the value of a portion of one Partnership Interest plus Distributions allocable to the Retained Business, as
determined on the basis of the most recently completed Partnership Valuation at the Exercise Date, 

        (b)   a
phantom unit based on the difference between (i) the value of a portion of the Base Price allocable to the operations attributable to the properties of
BreitBurn Energy transferred to the Partnership (the "Transferred Business") and (ii) the IPO offering price for a common unit of the Partnership plus Distributions allocable to the Transferred
Business up to the IPO Date, and 

        (c)   a
phantom unit based on the difference in (i) the IPO offering price for a common unit of the Partnership and (ii) the closing sales price for a common
unit of the Partnership on the Exercise Date as reported by such reporting service as the Board of Directors of BreitBurn Management may choose, plus distributions on a common unit from the IPO Date
to the Exercise Date. 

3

 

        The
general terms of the awards set forth in paragraphs (a), (b) and (c) above shall remain unchanged from the Founders Options, except as necessary or helpful to
effectuate the conversion of such options as provided above. No new grants shall be made under the Founders Option Plan. 

        Section 3.4    Amendments to LTIP and Jackson PTUs.    

        (a)   Except
as provided in Section 3.4(c) below, no change shall be made in the grants under the LTIP outstanding on the IPO Date. 

        (b)   The
performance trust units covering incentive units ("PTUs") granted under the LTIP after the IPO Date shall be as follows: 

        (i)    a
portion of the grant shall be in restricted phantom units in the Partnership with the same economic and other terms as the existing PTU awards, but which may be
settled at vesting at the option of the employee in cash or common units of the Partnership (net of any tax withholding); 

        (ii)   the
remaining portion of the grant, at the employee's election, shall be provided (A) in PTUs with respect to Provident Energy Trust with the same economic and
other terms as under the existing plan or (B) in restricted phantom interests in BreitBurn Energy with the same economic and other terms as under existing PTUs (but without a multiplier), but
which upon vesting may be settled in cash or vested phantom units in BreitBurn Energy at the employee's option. 

        (c)   The
PTUs granted under the LTIP pursuant to the Jackson Agreement shall automatically be converted on the IPO Date into two separate and equal awards, which together
shall have the same value as the PTUs prior to such conversion on the IPO Date, as set forth in Section 3.4(b)(i) and Section 3.4(b)(ii)(B) above. 

        (d)   With
respect to restricted trust units ("RTUs") granted after the IPO Date, employees will receive restricted phantom units in BreitBurn Energy and in the Partnership
with the same general terms as the existing RTUs. 

        Section 3.5    UAR Plan.    No amendments are made to the UAR Plan other than as provided in Section 3.1
above and no new grants shall be made under the UAR Plan. 

 
 

ARTICLE IV    
    

 
 

IRC § 409A COMPLIANCE    
    

        Notwithstanding anything in the Adopted Plans or the Phantom Option Plan or the terms of any awards granted thereunder to the contrary, BreitBurn Management shall
have the power to modify the Adopted Plans and the Phantom Option Plan and such awards as necessary for such plans and awards to comply with Section 409A of the Internal Revenue Code. 

 
 

ARTICLE V
  GENERAL PROVISIONS    
    

        Section 5.1    General Provisions.    All notices or other communications required or permitted under, or
otherwise in connection with, this Agreement must be in writing and must be given by depositing same in the mail, addressed to the Person to be notified, postpaid and registered or certified with
return receipt requested or by transmitting by national overnight courier or by transmitting by national overnight courier or by delivering such notice in person or by facsimile to such Party. Notice
given by mail, national overnight courier or personal delivery shall be effective upon actual receipt. Notice given by facsimile shall be effective upon confirmation of receipt when transmitted by
facsimile 

4

 

if
transmitted during the recipient's normal business hours or at the beginning of the recipient's next business day after receipt if not transmitted during the recipient's normal business hours. All
notices to be sent to a Party pursuant to this Agreement shall be sent to or made at the address, in each case as follows: 

if
to the BreitBurn Energy: 

BreitBurn
Energy Company L.P.

515 South Flower Street, Suite 4800

Los Angeles, CA 90071

Attention:

Fax:

if to BreitBurn Management:

BreitBurn
Management Company LLC

515 South Flower Street, Suite 4800

Los Angeles, CA 90071

Attention:

Fax:

        Section 5.2    Further Action.    The Parties shall execute and deliver all documents, provide all information
and take or refrain from taking action as may be necessary or appropriate to achieve the purposes of this Agreement. 

        Section 5.3    Binding Effect.    This Agreement shall be binding upon and inure to the benefit of the Parties
hereto and their heirs, executors, administrators, successors, legal representatives and permitted assigns. 

        Section 5.4    Integration.    This Agreement constitutes the entire Agreement among the Parties hereto
pertaining to the subject matter hereof and supersedes all prior agreements and understandings pertaining thereto. 

        Section 5.5    Creditors.    None of the provisions of this Agreement shall be for the benefit of, or shall be
enforceable by, any creditor of the Partnership. 

        Section 5.    Waiver.    No failure by any party to insist upon the strict performance of any covenant, duty,
agreement or condition of this Agreement or to exercise any right or remedy consequent upon a breach thereof shall constitute waiver of any such breach of any other covenant, duty, agreement or
condition. 

        Section 5.7    Counterparts.    This Agreement may be executed in counterparts, all of which together shall
constitute an agreement binding on all the Parties hereto, notwithstanding that all such Parties are not signatories to the original or the same counterpart. Each Party shall become bound by this
Agreement immediately upon affixing its signature hereto. 

        Section 5.8    Applicable Law.    This Agreement shall be construed in accordance with and governed by the laws
of the State of California, without regard to the principles of conflicts of law. 

        Section 5.9    Invalidity of Provisions.    If any provision of this Agreement is or becomes invalid, illegal
or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein shall not be affected thereby. 

        Section 5.10    Amendment or Restatement.    This Agreement may be amended or restated only by a written
instrument executed by each of the Parties. 

5

 

        IN
WITNESS WHEREOF, the Parties have executed this Agreement on, and effective as of, the Effective Date. 

	 	 	BREITBURN ENERGY COMPANY L.P.
	

 	
 	

By:	

Pro GP Corp., its General Partner

	

 	
 	

By:	

 Name:

Title:

	 	 	BREITBURN MANAGEMENT COMPANY LLC
	

 	
 	

By:	

 Name:

Title:

ADOPTION
AGREEMENT 

Signature
Page 

6

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ADOPTION AGREEMENT BETWEEN BREITBURN ENERGY COMPANY L.P. AND BREITBURN MANAGEMENT COMPANY, LLC

TABLE OF CONTENTS

ADOPTION AGREEMENT

RECITALS

ARTICLE I

DEFINITIONS

ARTICLE IV

IRC § 409A COMPLIANCE

ARTICLE V GENERAL PROVISIONS

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