Exhibit 10.1
AMENDMENT NO. 3 TO
OMNIBUS AGREEMENT
This AMENDMENT NO. 3 TO OMNIBUS AGREEMENT (this “
Amendment
”), dated as of December 31, 2009 is
by and among Western Gas Partners, LP, a Delaware limited partnership (the “
Partnership
”), Western
Gas Holdings, LLC, a Delaware limited liability company (the “
General Partner
”), and Anadarko
Petroleum Corporation, a Delaware corporation (“
Anadarko
” and, together with the Partnership and
the General Partner, the “
Parties
” and each, a “
Party
”).
WHEREAS, the Parties are party to that certain Omnibus Agreement that was entered into on, and
effective as of, May 14, 2008 (as previously amended by Amendments No. 1 and 2 thereto, the
“
Omnibus Agreement
”);
WHEREAS, the Parties desire to amend certain provisions of the Omnibus Agreement relating to
certain general and administrative expenses; and
WHEREAS, the Parties have appropriately approved this Amendment.
NOW, THEREFORE, in consideration of the mutual covenants and agreements set forth herein and
other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the Parties hereby agree as follows:
1.
Defined Terms
. Capitalized terms used but not defined in this Amendment shall have
the meanings ascribed to such terms in the Omnibus Agreement.
2.
Amendment to the Omnibus Agreement
. Section 3.1(c) of the Omnibus Agreement is
hereby amended by deleting such section and replacing it in its entirety with the following:
“(c) Subject to the provisions of this Section 3.1(c), the amount for which Anadarko
shall be entitled to reimbursement from the Partnership Entities pursuant to Section 3.1(b)
for general and administrative expenses shall not exceed $7.25 million annually from January
1, 2010 through December 31, 2010 (the “
G&A Expenses Limit
”). If during 2010 the Partnership
Group completes any acquisition of assets or businesses or the business of the Partnership
Group otherwise expands during 2010, then the G&A Expenses Limit shall be appropriately
increased in order to account for adjustments in the nature and extent of the general and
administrative services provided by the Anadarko Entities to the Partnership Entities, with
any such increase in the G&A Expenses Limit (i) to remain in effect (subject to adjustment,
if any, as provided in the immediately preceding sentence or for any subsequent
acquisition(s)) for the period from the completion of any such acquisition through December
31, 2010 and (ii) to be subject to the prior approval of the Special Committee. After
December 31, 2010, the G&A Expenses Limit will no longer apply and the General Partner will
determine the amount of general and administrative expenses that will be properly allocated
to the Partnership Group in accordance with the terms of the Partnership Agreement. The G&A
Expenses Limit shall not apply to reimbursement for publicly traded partnership expenses of
the
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Partnership Group as provided in Section 3.3 or the reimbursement of allocable
commitment fees as provided in Section 3.4.”
3.
Confirmation
. Except as expressly amended by this Amendment, the Omnibus Agreement
is not modified hereby, is hereby ratified and confirmed, and shall remain in full force and
effect.
4.
Counterparts
. This Amendment may be executed on any number of separate
counterparts, and all of said counterparts taken together shall be deemed to constitute one and the
same instrument. Delivery of an executed signature page of this Amendment by facsimile transmission
or electronic mail shall be effective as delivery of a manually executed counterpart hereof.
5.
Choice of Law; Submission to Jurisdiction
. This Amendment shall be subject to and
governed by the laws of the State of Texas. Each Party hereby submits to the jurisdiction of the
state and federal courts in the State of Texas and to venue in Houston, Texas.
[
Signature Page to Follow
]
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