Document:

Energy East Exhibit 10-29 2007 10-K

Exhibit 10-29

 

[Form of Letter Agreement amending Energy East Management Corporation 

Form of Employee Invention and Confidentiality Agreement]

[Energy East Letterhead]

[Date]

 

[                      ]

 

 

Dear                  :

         As you are aware, in 2004 a new Section 409A was added to the Internal Revenue Code by the American Jobs Creation Act of 2004 (the "Act"). The Act has made significant changes in the tax law as it is applied to executive compensation. In late September of 2005 the Internal Revenue Service published proposed regulations relating to compliance with the Act. As a "key employee" under the Act, if severance payments are made to you after termination from employment under the terms of your current Employee Invention and Confidentiality Agreement with Energy East Management Corporation (the "Company") dated                    ("Agreement") such payments must be made in compliance with the Act or an excise tax equal to 20% plus interest penalties (payable by you) will be imposed on all such payments.

         Under Section 10 of your Agreement you would be entitled to Separation Payments and/or Special Severance Payments if your employment terminates either voluntarily or involuntarily (and you are not eligible for Severance Payments under your Severance Agreement dated                  ). These payments commence immediately upon termination of employment. 

         If the Separation Payments and/or Special Severance Payments provided for in your Agreement were made as described therein, these payments could be subject to the excise tax and penalties set forth in the Act and described above.

         Under the Act, one of the ways to avoid application of the excise tax and interest penalties to severance due a "key employee" under the terms of an employment agreement such as yours is to defer commencement of payment for six (6) months after separation from employment. We have agreed that, Section 10.2 of your Agreement will be amended to provide as follows:

                  A.  10.2  If I am not entitled to receive Severance Payments as defined in the Severance Agreement based upon the circumstances surrounding termination of my employment with the Company, then as additional consideration for entering into this Agreement in the event my employment terminates either voluntarily or involuntarily I will receive Separation Pay, in a lump sum: (i) one (1) year's base salary, plus (ii) an amount equal to the self-insured premium equivalent for one (1) year of continuation coverage for health care benefits in accordance with the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended ("COBRA"). This Separation pay will be paid by the Company six (6) months after my employment terminates, subject to withholding for state, federal and local taxes and such other deductions as are required by law. 

                  B.  Sections 10.21 through 10.25 and Appendices "C" and "D" are deleted.

In all other respects, your Agreement remains in full force and effect.

 

        Please sign the acknowledgement and agreement set forth below and return one original to me. The other original is for your file.

 

	 	
Very truly yours,

 

 

Acknowledged and Agreed:

                                           

[                  ]

Date:Energy East Exhibit 10-31 2007 10-k

Exhibit 10-31

[Form of Letter Agreement amending Energy East Management Corporation Form of Severance Agreement for executive officers who do not have employment agreements]

[Energy East Letterhead]

	 	
[Date]

 

[                      ]

 

 

Dear                 :

        As you are aware, in 2004 a new Section 409A was added to the Internal Revenue Code by the American Jobs Creation Act of 2004 (the "Act").  The Act has made significant changes in the tax law as it is applied to executive compensation. In late September of 2005 the Internal Revenue Service published proposed regulations relating to compliance with the Act. As a "key employee" under the Act, if severance payments are made to you after termination from employment under the terms of your current Severance Agreement with Energy East Management Corporation (the "Company") dated                  ("Agreement") such payments must be made in compliance with the Act or an excise tax equal to 20% plus interest penalties (payable by you) will be imposed on all such payments. 

        Your Agreement provides that you will be entitled to a lump sum severance payment (including a Gross-Up payment for taxes if it is determined that Section 4999 of the Internal Revenue Code is applicable), if your employment terminates following a Change in Control and during the term of the Agreement (unless such termination is (i) by the Company for Cause, (ii) by reason of death, Disability or Retirement, or (iii) by you without Good Reason), as those terms are defined in your Agreement. Pursuant to the Agreement, the severance payment is to be paid in a lump sum within five (5) days of your separation from employment.  

        If the severance payment provided for in your Agreement were made as described therein, this payment could be subject to the excise tax and penalties set forth in the Act and described above.

        Under the Act, one of the ways to avoid application of the excise tax and interest penalties to severance due a "key employee" under the terms of an employment agreement such as yours is to defer commencement of payment for six (6) months after separation from employment.  Accordingly, the Company has determined that in the event that you become entitled to a severance payment under your Agreement, it will defer that payment until six (6) months after your employment ends, and your Agreement is amended to so provide1. 

 

 

        In addition, under the terms of your Agreement, if your employment terminates following a Change in Control and during the term of the Agreement (unless such termination is (i) by the Company for Cause, (ii) by reason of death, Disability or Retirement, or (iii) by you without Good Reason), as those terms are defined in your Agreement, you would continue to be a participant in the Company's group health and welfare plans (medical, dental, vision and life insurance) for active employees for a two (2) year period. Because you are a "highly compensated" employee and a participant in a self-insured group health plan, continuation of these benefits in accordance with your Agreement could subject you (and all other "highly compensated" employees) to additional taxes pursuant to the regulations governing self-insured group health plans. In addition, the Company's current group insurance contracts do not permit participation by non-employees.  

        In order to avoid additional taxes under the regulations governing self-insured group health and welfare plans, and the exclusions contained in the Company's group insurance contracts, your Agreement is amended to provide as follows:

	I. 

	
If at the time of termination from employment you are (a) not eligible for post retirement medical benefits and (b) are eligible for continuing group health and welfare benefits under your Agreement, the Company will pay you, in a lump sum, the value of its projected contributions for active employee group health and welfare benefits for the two (2) year period in lieu of your continued participation in the Company's group health and welfare plans for active employees. The lump sum payment will be paid to you six (6) months after your termination date. You will be eligible for COBRA continuation of and/or conversion privileges for applicable benefits as provided by law immediately following termination.

	
II.
	
If at the time of termination from employment you are (a) eligible for post retirement medical benefits and (b) are eligible for continuing group health and welfare benefits under your Agreement, you will not be permitted to participate in the Company's medical plan for active employees and the Company will pay you, in a lump sum, the value of its projected contributions for all group health (except medical benefits) and welfare plans for active employees for the two (2) year period in lieu of your continued participation in those plans. The lump sum payment will be paid to you six (6) months after your termination date. You will be eligible for COBRA continuation of and/or conversion privileges for applicable benefits as provided by law immediately following termination. You may 

1 We have also agreed that the outplacement services benefit described in Section 6.1 will now be a fixed amount of $10,000. The outplacement benefit will be included in the lump sum payment, payable six (6) months after your employment ends.

 

 

	 	
participate in the Company's post retirement medical plan, in accordance with its terms.

 

        In all other respects, your Agreement remains in full force and effect.

        Please sign the acknowledgement and agreement set forth below and return one original to me.  The other original is for your files.

	 	
Very truly yours,

 

 

Acknowledged and Agreed:

                                           

[              ]

Date:QuickLinks
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Exhibit 4.9    
    

 
 

SIXTH SUPPLEMENTAL INDENTURE    
    

        THIS SIXTH SUPPLEMENTAL INDENTURE, dated as of February 12, 2008 (this "Sixth Supplemental Indenture"), is
by and among EXCO Resources, Inc., a Texas corporation (the "Issuer"), EXCO Services, Inc., a Delaware corporation (the
"Guarantor"), and Wilmington Trust Company, as trustee (the "Trustee"). 

W
I T N E S S E T H 

        WHEREAS,
the Issuer, the Subsidiary Guarantor (as defined therein) and the Trustee are parties to an Indenture dated as of January 20, 2004, as supplemented by the First
Supplemental Indenture dated as of January 27, 2004, the Second Supplemental Indenture dated as of December 21, 2004, the Third Supplemental Indenture dated as of February 14,
2006, the Fourth Supplemental Indenture dated as of May 4, 2006 and the Fifth Supplemental Indenture dated as of May 3, 2007 (collectively, the
"Indenture"), providing for the issuance of the Issuer's 71/4% Senior Notes Due 2011 (the
"Securities"); 

        WHEREAS,
Issuer formed Guarantor and owns directly or indirectly all of the equity interests in the Guarantor; 

        WHEREAS,
the Issuer is required to cause the Guarantor to execute and deliver to the Trustee a supplemental indenture pursuant to which such Guarantor shall unconditionally and
irrevocably guarantee the Issuer's obligations with respect to the Securities on the terms set forth in the Indenture; and 

        WHEREAS,
pursuant to Section 9.01 of the Indenture, the Issuer and the Trustee are authorized to execute and deliver this Sixth Supplemental Indenture. 

        NOW,
THEREFORE, for and in consideration of the foregoing premises, it is mutually covenanted and agreed, for the equal and proportionate benefit of all Holders of the Securities, as
follows: 

        1.     Capitalized Terms. Initially capitalized terms used herein without definition shall have the meanings assigned to them in
the Indenture. 

        2.     Agreement to Become Guarantor. The Guarantor hereby unconditionally and irrevocably guarantees the Issuer's obligations
under the Securities and the Indenture on the terms and subject to the conditions set forth in Article 10 of the Indenture and agrees to be bound by all other provisions of the Indenture and
the Securities applicable to a "Subsidiary Guarantor" therein. 

        3.     Ratification of Indenture; Supplemental Indenture Part of Indenture. Except as expressly amended hereby, the Indenture is
in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This Sixth Supplemental Indenture shall form a part of the
Indenture for all purposes, and every holder of Securities heretofore or hereafter authenticated and delivered shall be bound hereby. 

        4.     Notices. For purposes of Section 14.02 of the Indenture, the address for notices to the Guarantor shall be: 

EXCO
Services, Inc.

c/o EXCO Resources, Inc.

12377 Merit Drive, Suite 1700

Dallas, TX 75251 

        5.     Governing Law. This Sixth Supplemental Indenture shall be governed by, and construed in accordance with, the laws of the
State of New York. 

        6.     Counterparts. The parties may sign any number of copies of this Sixth Supplemental Indenture. Each signed copy shall be an
original, but all of them together shall represent the same agreement. 

 

        7.     Effect of Headings. The section headings herein are for convenience only and shall not affect the construction hereof. 

        8.     The Trustee. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or
sufficiency of this Sixth Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Issuer and the Guarantor. 

        IN
WITNESS WHEREOF, the parties hereto have caused this Sixth Supplemental Indenture to be duly executed, all as of the date first above written. 

	EXCO RESOURCES, INC.	 	 
	

By:	

/s/ J. DOUGLAS RAMSEY
	
 	

 
	Name: J. Douglas Ramsey

Title: Vice President, CFO and Treasurer	 	 
	

EXCO SERVICES, INC., as Guarantor	
 	

 
	

By:	

/s/ J. DOUGLAS RAMSEY
	
 	

 
	Name: J. Douglas Ramsey

Title: Vice President	 	 
	

WILMINGTON TRUST COMPANY, as Trustee
	

By:	

/s/ W. THOMAS MORRIS, II
	
 	

 
	Name: W. Thomas Morris, II

Title: Assistant Vice President	 	 

2

QuickLinks

Exhibit 4.9

SIXTH SUPPLEMENTAL INDENTURE

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