SEC Contract Filing

Filing Date: 2019-02-14

Document Content:
<DOCUMENT>
<TYPE>EX-10.16(B)
<SEQUENCE>20
<FILENAME>ex1016b2018.htm
<DESCRIPTION>EXHIBIT 10.16(B)
<TEXT>
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<div><a name="s1ECD350E43D6B5C5CAF7CF68780F475A"></a></div><div><div style="line-height:120%;padding-bottom:16px;text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Exhibit 10.16(b)</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">AMENDMENT OF <br>CONFIDENTIALITY, NON-SOLICITATION AND <br>NON-COMPETITION AGREEMENT</font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">THIS AMENDMENT AGREEMENT (this &#8220;</font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Agreement</font><font style="font-family:inherit;font-size:11pt;">&#8221;), by and among EQT Corporation, a Pennsylvania Corporation (&#8220;</font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">EQT</font><font style="font-family:inherit;font-size:11pt;">&#8221;), Equitrans Midstream Corporation, a Pennsylvania Corporation (&#8220;</font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Equitrans Midstream</font><font style="font-family:inherit;font-size:11pt;">&#8221;), and Donald M. Jenkins (&#8220;</font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Employee</font><font style="font-family:inherit;font-size:11pt;">&#8221;), is executed as of November 12, 2018.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">W I T N E S E T H:</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">WHEREAS,</font><font style="font-family:inherit;font-size:11pt;">&#32;Employee and EQT are party to an Amended and Restated Confidentiality, Non-Solicitation and Non-Competition Agreement, dated as of March 1, 2017 (the &#8220;</font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Covenant Agreement</font><font style="font-family:inherit;font-size:11pt;">&#8221;);</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">WHEREAS,</font><font style="font-family:inherit;font-size:11pt;">&#32;Equitrans Midstream will be separated into a new publicly traded company pursuant to the Separation and Distribution Agreement, by and among EQT, Equitrans Midstream and EQT Production Company (the &#8220;</font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Separation Agreement</font><font style="font-family:inherit;font-size:11pt;">&#8221;) and certain other ancillary agreements;</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">WHEREAS,</font><font style="font-family:inherit;font-size:11pt;">&#32;immediately prior to (and following) the separation of Equitrans Midstream into a new publicly traded company pursuant to the Separation Agreement (the &#8220;</font><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Separation</font><font style="font-family:inherit;font-size:11pt;">&#8221;), Employee will be an employee of EQT or its subsidiaries;</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">WHEREAS,</font><font style="font-family:inherit;font-size:11pt;">&#32;EQT, Equitrans Midstream and Employee have determined that, as a result of and in connection with the Separation and Employee&#8217;s employment by EQT and its subsidiaries on and immediately following the Separation, it is appropriate and in the best interests of EQT, Equitrans Midstream and Employee that certain clarifying amendments to the Covenant Agreement be adopted; and</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">WHEREAS, </font><font style="font-family:inherit;font-size:11pt;">Employee acknowledges and agrees that Employee is executing this Agreement freely and of Employee&#8217;s own volition following an opportunity to consult with legal counsel of Employee&#8217;s choice.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">NOW, THEREFORE,</font><font style="font-family:inherit;font-size:11pt;">&#32;in consideration of the premises and the mutual covenants and agreements contained herein, and intending to be legally bound, EQT, Equitrans Midstream and Employee hereby agree as follows:</font></div><div style="line-height:120%;padding-left:0px;padding-bottom:16px;text-align:left;text-indent:0px;"><font style="padding-bottom:16px;text-align:left;font-family:inherit;font-size:11pt;padding-right:48px;">1.</font><font style="font-family:inherit;font-size:11pt;font-weight:bold;te