Document:

pxdmay178kx101.htm

EXHIBIT 10.1

FIRST AMENDMENT TOAMENDED AND RESTATED PIONEER NATURAL RESOURCES COMPANY

EMPLOYEE STOCK PURCHASE PLAN

This First Amendment (this “Amendment”) to the Amended and Restated Pioneer Natural Resources Company Employee Stock Purchase Plan (the “Plan”) is made and executed by Pioneer Natural Resources Company, a Delaware Corporation (the “Company”).

W I T N E S S E T H   T H A T:

WHEREAS, the Pioneer Natural Resources Company Employee Stock Purchase Plan was adopted by the Board of Directors  of the Company (the “Board’) and approved by the stockholders of the Company on August 7, 1997;

WHEREAS, the Company amended and restated the Plan on December 9, 2005 to incorporate prior amendments and make certain other changes;

WHEREAS, the Company further amended and restated the Plan effective September 1, 2007;

WHEREAS, the Company now desires to amend the Plan;

NOW, THEREFORE, in consideration of the premises and pursuant to the authority reserved thereunder, the Pioneer Natural Resources Company Employee Stock Purchase Plan is hereby amended as follows:

1.           Section 4 of the Plan shall be amended and restated to read as follows:

4.           Eligibility. All employees, other than officers, of the Company and the Participating Companies who have been employed by the Company or any Participating Company (including any predecessor company) since the first day of the month that precedes the applicable date of grant (defined below) (including any authorized leave of absence meeting the requirements of Treasury Regulation § 1.421 -7(h)(2)) and who are customarily employed at least 20 hours per week and at least five (5) months per year shall be eligible to participate in the Plan; provided, however, that no option shall be granted to an employee if such employee, immediately after the option is granted, owns stock possessing five percent or more of the total combined voting power or value of all classes of stock of the Company or of its parent or subsidiary corporation (within the meaning of Sections 423(b)(3) and 424(d) of the Code) (“Eligible Employee”). By way of example, if the date of grant is January 1 of a year, an employee must have been employed by the Company or a Participating Company since December 1 of the prior calendar year and otherwise meet the conditions set forth in the Plan in order to be an Eligible Employee.

2.           The first sentence of Section 5 of the Plan shall be amended and restated to read as follows:

Subject to the provisions of paragraph 12 (relating to adjustment upon changes in stock), the aggregate number of shares of the authorized common stock, par value $.01 per share, of the Company (the “Stock”) which may be sold pursuant to options granted under the 

 

 

  

  

  

 

 

 

Plan shall not exceed 1,250,000 less the total number of shares sold under the Plan from the adoption of the Plan through the effective date of this amendment and restatement of the Plan.

3.           Section 14 of the Plan shall be amended and restated to read as follows:

14.           Term of the Plan. This amended and restated version of the Plan shall be effective as of September 1, 2007.  If not sooner terminated under the provisions of paragraph 15, the Plan shall terminate upon and no further options shall be granted after December 31, 2022.

4.           This Amendment shall be effective as of September 1, 2012.

EXECUTED this 17th day of May, 2012.

	  	  	  	  
	  	
By:

	

/s/ Larry N. Paulsen                                                                     

	  
	  	  	
Larry N. Paulsen

	  
	  	  	
Vice President, Administration and Risk

	  
	  	  	
  ManagementExhibit 4.1

 

FORM OF UNIT CERTIFICATE

 

No: ·

 

APMEX PHYSICAL – 1 OZ. GOLD REDEEMABLE TRUST

 

(a trust created under the laws of the Province of Ontario by an amended and restated trust agreement dated December 28, 2011)

 

	
 
    	
CUSIP Number:
    	
03763W100
    
	
 
    	
 
    	
 
    
	
 
    	
ISIN Number:
    	
CA03763W1005
    
	
 
    	
 
    	
 
    
	
This is to certify that:
    	
·
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
is the registered holder of
    	
·
    	
 
    	
 
    

 

FULLY PAID, TRANSFERABLE, REDEEMABLE AND NON-ASSESSABLE UNITS OF

 

APMEX PHYSICAL – 1 OZ. GOLD REDEEMABLE TRUST (the “Trust”)

 

The units (the “Units”) of the Trust represented by this Certificate are issued upon the terms and subject to the conditions of an amended and restated trust agreement (the “Trust Agreement”) dated December 28, 2011 between Computershare Trust Company of Canada (the “Trustee”), in its capacity as trustee of the Trust, and Computershare Trust Company of Canada, in its capacity as settlor of the Trust. By acceptance of this Certificate, the holder agrees to be bound by all of the terms and conditions set out therein. Terms defined in the Trust Agreement have the same meaning when used herein.

 

A copy of the Trust Agreement may be obtained by any Unitholder on demand and without fee from the Manager. The Trust Agreement contains provisions for the holding of meetings of Unitholders and resolutions passed at such meetings. Instruments signed by the holders of a specified majority of the Units outstanding will be binding upon all Unitholders.

 

This Certificate may only be transferred upon compliance with the conditions prescribed in the Trust Agreement on one of the registers of transfers to be kept at the offices of Computershare Investor Services Inc. (the “Registrar and Transfer Agent”) in the City of Toronto and at such other place or places, if any, or by such other registrar or registrars, if any, as the Manager may designate, by the registered holder hereof or his executors or administrators or other legal representatives or his or their attorney duly appointed by an instrument in writing in form and execution satisfactory to the Trust and upon compliance with such reasonable requirements as the Registrar and Transfer Agent may prescribe.

 

This Certificate shall not be valid for any purpose until it has been countersigned by the Registrar and Transfer Agent. For information as to personal liability of Unitholders and the exercise of the redemption right attaching to the Units, see the reverse side of this Certificate.

 

IN WITNESS WHEREOF, a duly authorized officer of the Manager has signed this Certificate on behalf of the Trust.

 

Dated: ·

 

	
Countersigned and Registered by  
    Computershare Investor Services Inc. (Toronto)
    Registrar and Transfer   Agent
    	
APMEX PHYSICAL – 1 OZ. GOLD
   REDEEMABLE TRUST, by its manager,
   APMEX Precious Metals Management Services, Inc.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
By:
    	
 
    	
 
    	
By:
    	
 
    
	
 
    	
(Authorized Officer)
    	
 
    	
 
    	
(Authorized Officer)
    

 

 

The Trust Agreement provides that no Unitholder shall be held to have any personal liability as such and no resort shall be had to the Unitholder’s private property for satisfaction of any obligation or claim arising out of or in connection with any contract or obligation of any of the Trust, the Manager or the Trustee or any obligation which a Unitholder would otherwise have to indemnify the Trustee for any personal liability incurred by the Trustee as such, but rather, only the Trust Property is intended to be liable and subject to levy or execution for such satisfaction.

 

EXERCISE OF REDEMPTION RIGHT

 

Units may be surrendered for redemption by a Unitholder for Gold Coins or cash on the basis set forth in the Trust Agreement and by giving notice in the form and manner described therein. A copy of the form of Gold Coin Redemption Notice and form of Cash Redemption Notice is attached hereto as Schedule A and B, respectively.

 

 

TRANSFER FORM

 

	
For Value Received,   the undersigned hereby sell(s), assign(s) and transfer(s) unto                                                                                ,
    
	
(NAME OF TRANSFEREE)
    
	
                                    Units   of APMEX Physical — 1 oz. Gold Redeemable Trust registered in the name of the   undersigned.
    
	
 
    	
 
    	
 
    
	
Social Insurance   Number of Transferee:
    	
 
    	
 
    
	
 
    
	
Dated:
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
Signature:
    	
 
    	
 
    	
In presence of:
    	
 
    
	
 
    	
(ASSIGNOR)
    	
 
    	
 
    	
(WITNESS)
    
	
 
    	
 
    	
 
    	
 
    
	
Signature   guaranteed by:
    	
 
    
									

 

Notice: The signature to this assignment must correspond with the name as written upon the face of the Certificate, in every particular, without alteration or enlargement, or any change whatever and must be guaranteed by a bank, trust company or a member of a recognized stock exchange in Canada or by a member of the Stock Transfer Association Medallion (STAMP) Program.

 

 

SCHEDULE A

 

FORM OF GOLD REDEMPTION NOTICE

 

	
DATE:
    	
 
    	
 
    
	
 
    	
 
    
	
TO:
    	
Computershare Investor Services Inc. (the “Transfer Agent”), as the registrar and transfer agent of   APMEX Physical — 1 oz. Gold Redeemable Trust (the “Trust”)
    
	
 
    	
Ticker Symbol: 
    	
 
    	
 
    	
CUSIP number
    	
 
    
	
 
    	
Attention:      Manager, Client Services
    
	
 
    	
Fax No: (416) 981-9800
    
	
 
    	
 
    
	
AND TO:
    	
APMEX Precious Metals Management   Services, Inc. (the “Manager”), as   the manager of the Trust
    
	
 
    	
 
    
	
RE:
    	
Gold Redemption Notice under Section 6.1   of the Amended and Restated Trust Agreement of the Trust
    
							

 

The undersigned (the “Unitholder”), the holder of                                      units of the Trust (the “Units”) designated above by its Toronto Stock Exchange or New York Stock Exchange Arca ticker symbol and CUSIP number, requests the redemption for physical gold of the aforementioned Units in accordance with, and subject to the terms and conditions set forth in, an amended and restated trust agreement of the Trust dated as of December 28, 2011, as the same may be further amended, restated or supplemented from time to time, and directs the Transfer Agent to cancel such Units on                                     . All one ounce American Gold Eagle bullion coins, Canadian Gold Maple Leaf bullion coins, and/or one ounce gold bullion bars and rounds, as applicable, will be delivered to the following address by an insured and registered shipping provider.

 

	
Delivery Instructions:
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Signature of Unitholder
    	
 
    	
Signature Guarantee
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
Print Name
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
Print Address
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
					

 

	
NOTE:
    	
The name and address of the Unitholder set   forth in this Gold Redemption Notice must correspond with the name and   address as recorded on the register of the Trust maintained by the Transfer   Agent. The signature of the person executing this Gold Redemption Notice must   be guaranteed by a Canadian chartered bank, or by a medallion signature   guarantee from a member of a recognized Signature Medallion Guarantee   Program.
    

 

 

SCHEDULE B

 

FORM OF CASH REDEMPTION NOTICE

 

	
DATE:
    	
 
    	
 
    
	
 
    	
 
    
	
TO:
    	
Computershare Investor Services Inc. (the “Transfer Agent”), as the registrar and transfer agent of APMEX Physical — 1 oz. Gold Redeemable Trust (the “Trust”)
    
	
 
    	
Ticker Symbol: 
    	
 
    	
 
    	
CUSIP number
    	
 
    
	
 
    	
Attention: Manager, Client Services
    
	
 
    	
Fax No:    (416) 981-9800
    
	
 
    	
 
    
	
AND TO:
    	
APMEX Precious Metals Management   Services, Inc. (the “Manager”), as   the manager of the Trust
    
	
 
    	
 
    
	
RE:
    	
Cash Redemption Notice under   Section 6.3 of the Amended and Restated Trust Agreement of the Trust
    
							

 

The undersigned (the “Unitholder”), the holder of                                      units of the Trust (the “Units”) designated above by its Toronto Stock Exchange or New York Stock Exchange Arca ticker symbol and CUSIP number, requests the redemption for cash of the aforementioned Units in accordance with, and subject to the terms and conditions set forth in, an amended and restated trust agreement of the Trust dated as of December 28, 2011, as the same may be further amended, restated or supplemented from time to time, and directs the Transfer Agent to cancel such Units on                                     .

 

	
Wiring Instructions:
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Signature of Unitholder
    	
 
    	
Signature Guarantee
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Print Name
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Print Address
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
				

 

	
NOTE:
    	
The name and address of the Unitholder set   forth in this Cash Redemption Notice must correspond with the name and   address as recorded on the register of the Trust maintained by the Transfer   Agent. The signature of the person executing this Cash Redemption Notice must   be guaranteed by a Canadian chartered bank, or by a medallion signature   guarantee from a member of a recognized Signature Medallion Guarantee   Program.

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