Document:

exv10w2

 

Exhibit 10.2

AMENDMENT TO THE

HOUSTON EXPLORATION COMPANY

401(K) PLAN AND TRUST

This Amendment to the Houston Exploration Company 401(K) Plan and Trust (the
“Plan”), is made on behalf of the Houston Exploration Company (the
“Company”), the sponsor of the Plan, and is effective as of immediately prior to,
and contingent upon, the effective time of the merger contemplated by the Agreement and
Plan of Merger dated January 7, 2007, by and among Forest Oil Corporation, a New York
corporation (“Parent”), MJCO Corporation, a Delaware corporation and a
wholly-owned subsidiary of Parent and the Company.

1. The Adoption Agreement for the Plan is hereby amended to add the following new Section 69
thereto:

69. Change of Control. Notwithstanding any provision of this Plan to
the contrary, the Employer Contributions credited to each Participant’s account
under the Plan shall automatically become one hundred percent (100%) vested upon a
“Change of Control” (as that term is defined in the Employer’s 2004 Long Term
Incentive Plan, as amended from time to time); provided that
such Participant is employed by the Employer immediately prior to the effective
time of such Change of Control.

2. Except as specifically modified herein, all terms and conditions of the Plan shall remain
in effect.

	 	 	 	 	 
	 	THE HOUSTON EXPLORATION COMPANY

 	 
	 	By:  	/s/
Roger B. Rice	 
	 	 	Name:  Roger B. Rice	 	 
	 	 	Title:  Senior Vice President - Administrationexv10w3

 

Exhibit 10.3

FIRST AMENDMENT TO THE

HOUSTON EXPLORATION COMPANY

SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN

This First Amendment to the Houston Exploration Company Supplemental Executive Retirement
Plan, as amended and restated on July 25, 2006 (the “Plan”), is made on behalf of
the Houston Exploration Company (the “Company”), the sponsor of the Plan, and is
effective as of immediately prior to, and contingent upon, the effective time of the
merger contemplated by the Agreement and Plan of Merger, proposed to be entered into by
and among the Company, Forest Oil Corporation, a New York corporation (“Parent”),
and MJCO Corporation, a Delaware corporation and a wholly owned subsidiary of Parent.

1. Section 4.2 of the Plan is hereby deleted in its entirety and is replaced with the following new
Section 4.2:

     4.2. [Reserved].

2. Except as specifically modified herein, all terms and conditions of the Plan shall remain
in effect.

	 	 	 	 	 
	 	THE HOUSTON EXPLORATION COMPANY

 	 
	 	By:  	/s/ Roger B. Rice	 
	 	 	Name:  	Roger B. Rice 	 
	 	 	Title:  	Senior Vice President - Administrationexv10w4

 

Exhibit 10.4

SECOND AMENDMENT TO THE

HOUSTON EXPLORATION COMPANY

CHANGE OF CONTROL PLAN

This Second Amendment to the Houston Exploration Company Change of Control Plan, as
previously amended by an Amendment dated May 17, 2002 (the “Plan”), is made on
behalf of the Houston Exploration Company (the “Company”), the sponsor of the
Plan, and is effective as of immediately prior to, and contingent upon, the effective time
of the merger contemplated by the Agreement and Plan of Merger, proposed to be entered
into by and among the Company, Forest Oil Corporation, a New York corporation (
“Parent”), and MJCO Corporation, a Delaware corporation and a wholly owned
subsidiary of Parent.

1. Section 5(a) of the Plan is hereby deleted in its entirety and is replaced with the following
new Section 5(a):

(a) The Plan Administrator shall be the Company; provided that the
Company may delegate some or all of its duties under this Plan to one or more
officers of the Company as from time to time may be designated by the Company in
its sole discretion. The Company shall fully indemnify each officer so designated
against any and all liabilities arising by reason of any act or failure to act
made in good faith pursuant to the provisions of the Plan, including expenses
reasonably incurred in defense of any claims relating thereto.

2. Section 5(b) of the Plan is hereby amended by replacing all references to the VP-CAO with
references to the Plan Administrator.

3. Attachment D of the Plan is hereby deleted in its entirety and is replaced with the following
new Attachment D:

OUTPLACEMENT SERVICES

In the event of a Change of Control, an Eligible Employee who is subject to a
Qualified Termination shall be entitled to receive (i) if such Eligible Employee
is party to an employment agreement with the Company immediately prior to the
Qualified Termination, the services of an executive outplacement firm selected by
such Eligible Employee, and approved by the Plan Administrator, for up to 12
months from the Qualified Termination, and (ii) if such Eligible Employee is not
party to an employment agreement with the Company immediately prior to the
Qualified Termination, the services of an outplacement firm selected and approved
by the Plan Administrator for up to three months from the Qualified Termination.
The Company will pay the outplacement firm directly for these services.

4. Except as specifically modified herein, all terms and conditions of the Plan shall remain
in effect.

	 	 	 	 	 
	 	THE HOUSTON EXPLORATION COMPANY

 	 
	 	By:  	/s/ Roger B. Rice	 
	 	 	Name:  	Roger B. Rice 	 
	 	 	Title:  	Senior Vice President - AdministrationEXHIBIT 4.1

    
      
        

      

    

    EXHIBIT
      4.1

    PROMISSORY
      NOTE

     

     

     

    
      	 $37,500.00 	
               December
                29,
                2006

            

    

     

    FOR
      VALUE
      RECEIVED, Hydrogen Power, Inc., a Delaware corporation (“Maker”),
      promises to pay to the order of Henry Fong, or his successors or assigns
      (“Payee”)
      at
      such place as Payee may designate in writing, in immediately available lawful
      money of the United States of America, the principal sum of Thirty-Seven
      Thousand Five Hundred Dollars ($37,500.00) (the “Principal
      Balance”),
      together with interest accrued on the unpaid balance at a fixed rate equal
      to
      seven percent (7%) per annum (calculated on a basis of actual days), on or
      before March 31, 2007 (the “Maturity
      Date”),
      in
      accordance with the terms of this Note. 

     

    This
      Note
      is delivered in partial payment of Maker’s obligations under that certain Letter
      Agreement (the “Letter
      Agreement”)
      dated
      December 29, 2006 by and between Maker, Payee, Beacon Investments, Inc. and
      Gulfstream Financial Partners, LLC. 

     

    Prepayment.
      This
      Note may be prepaid in whole or in part at any time without payment of any
      prepayment penalty or fee. 

     

    Event
      of Default.
      The
      term “Event
      of Default”
shall
      include each or all of the following events with respect to Maker:

     

    (1)  Maker
      shall fail to pay, within ten (10) days of Maker’s receipt of written notice
      from Payee of such failure to pay, any amounts required to be paid under this
      Note;

     

    (2)  The
      occurrence of any of the following events with respect to Maker:

     

    (a)  by
      the
      order of a court of competent jurisdiction, a receiver or liquidator or trustee
      of Maker is appointed and shall have not been discharged within a period of
      forty-five (45) days, or if, by decree of such a court, Maker is adjudicated
      a
      bankrupt or any substantial part of its property shall be sequestered and such
      a
      decree shall continue undischarged and unstayed for a period of forty-five
      (45)
      days after the entry thereof pursuant to the Federal Bankruptcy Code, as it
      now
      exists or as it may hereafter be amended or pursuant to any other analogous
      statute applicable to Maker as now or hereinafter in effect, shall be filed
      against Maker and shall not be dismissed within forty five (45) days;
      or

     

    (b)  if
      Maker
      files a petition of voluntary bankruptcy under any provision of any bankruptcy
      law or a petition to take advantage of any insolvency act, or consent to the
      appointment of a receiver or receivers for all or any part of the business
      of
      Maker or consents to the filing of any bankruptcy, arrangement or reorganization
      petition by or against Maker or themselves under any provision of the bankruptcy
      law, or (without limiting the generality of the foregoing) Maker files a
      petition or answer seeking an arrangement or reorganization of Maker pursuant
      to
      the Federal Bankruptcy code, as it now exists or as it may hereafter be amended,
      or pursuant to any other analogous statute applicable to Maker as now or
      hereafter in effect; 

     

    In
      the
      Event of Default, the entire outstanding Principal Balance, at Payee’s option,
      exercised by written notice to Maker, become immediately due and payable. Except
      as herein expressly provided, no modification or amendment of the terms of
      this
      Note shall be effective unless made in a writing signed by Maker and
      Payee.

     

    Costs
      of Collection. In
      the
      event Maker is in Default in the payment or the performance of any obligation
      due or required by this Note, Maker shall be responsible for attorneys fees
      and
      collection costs incurred by Payee in enforcing its rights hereunder, regardless
      of whether suit is commenced or not.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    Waiver
      by Maker.
      Maker
      waives presentment, protest and demand, notice of protest, demand and of
      dishonor and nonpayment of this Note and any lack of diligence or delays in
      collection or enforcement of this Note. 

    

    No
      Waiver by Payee.
      Payee
      shall not by any act, delay, omission or otherwise be deemed to have waived
      any
      of its rights or remedies, and no waiver of any kind shall be valid unless
      in
      writing and signed by Payee, and then only to the extent specifically set forth
      in writing. A waiver by Payee with reference to one event shall not be construed
      as a continuing waiver or as a bar to or waiver of any right or remedy as to
      a
      subsequent event. All rights and remedies of Payee under the terms of this
      Note,
      and under any statutes or rules of law shall be cumulative and may be exercised
      successively or concurrently. Any provision of this Note which may be
      unenforceable or invalid under any law shall be ineffective to the extent of
      such unenforceability or invalidity without affecting the enforceability or
      validity of any other provision hereof.

     

    Governing
      Law.
      This
      Note shall be construed in accordance with and governed by the laws of the
      State
      of Florida without regard to its conflict of laws provisions, for all purposes,
      including but not limited to the purpose of determining the maximum rate of
      interest, if any, which may be lawfully received hereunder by the holder hereof.
      

     

    Successors
      and Assigns.
      Maker
      and Payee agree that all of the terms of this Note shall be binding on their
      respective successors and permitted assigns, including without limitation the
      obligations of such parties as set forth in the Letter Agreement, which are
      incorporated herein by reference. The term “Maker” and the term “Payee” as used
      herein shall be deemed to include, for all purposes, the respective designees,
      successors, assigns, heirs, executors and administrators. This Note may be
      assigned by Payee.

     

    IN
      WITNESS WHEREOF, the Maker has caused this Note to be duly executed and
      delivered as of the day and year first above set forth. 

     

    

     

    MAKER:
      

    

    HYDROGEN
      POWER, INC.

    

    

    

    

    By:
      /s/
      Thomas Olson 

    Its:
       Secretary

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00115-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00115-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00115-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00115-of-00352.parquet"}]]