UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 30, 2008
EOG RESOURCES, INC.
(Exact name of registrant as specified in its charter)
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Delaware
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1-9743
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47-0684736
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(State or other jurisdiction of
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(Commission File Number)
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(I.R.S. Employer Identification No.)
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incorporation)
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1111 Bagby, Sky Lobby 2
Houston, Texas 77002
(Address of principal executive offices) (Zip Code)
713-651-7000
(Registrants telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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EOG RESOURCES, INC.
Item 1.01 Entry Into a Material Definitive Agreement.
On September 30, 2008, EOG Resources, Inc. (EOG) closed its sale of $400 million aggregate
principal amount of EOGs 6.125% Senior Notes due 2013 (2013 Notes) and $350 million aggregate
principal amount of EOGs 6.875% Senior Notes due 2018 (2018 Notes and, together with the 2013
Notes, the Notes). The Notes were issued under an indenture, dated as of September 1, 1991
(Indenture), by and between EOG, as issuer, and The Bank of New York Mellon Trust Company, N.A. (as
successor in interest to JPMorgan Chase Bank, N.A. (formerly, Texas Commerce Bank National
Association)), as trustee, and an officers certificate, dated September 30, 2008, pursuant to the
Indenture setting forth the specific terms of the Notes.
The offer and sale of the Notes has been registered under the Securities Act of 1933, as
amended, pursuant to a Registration Statement on Form S-3 (No. 333-153665), dated September 25,
2008, previously filed with the Securities and Exchange Commission.
The Indenture, the officers certificate, the form of global note for the 2013 Notes and the
form of global note for the 2018 Notes are filed herewith as Exhibits 4.1, 4.2, 4.3 and 4.4,
respectively, and are incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
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4.1
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Indenture, dated as of September 1, 1991, by and between EOG and The Bank
of New York Mellon Trust Company, N.A. (as successor in interest to
JPMorgan Chase Bank, N.A. (formerly known as Texas Commerce Bank National
Association)) (incorporated by reference to Exhibit 4(a) to EOGs
Registration Statement on Form S-3, Registration Statement No. 33-42640,
filed September 6, 1991)
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*4.2
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Officers Certificate Establishing 6.125% Senior Notes due 2013 and 6.875%
Senior Notes due 2018, dated September 30, 2008
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*4.3
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Form of Global Note with respect to the 6.125% Senior Notes due 2013 of EOG
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*4.4
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Form of Global Note with respect to the 6.875% Senior Notes due 2018 of EOG
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*5.1
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Opinion of Fulbright & Jaworski L.L.P. dated September 30, 2008
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*23.1
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Consent of Fulbright & Jaworski L.L.P. (included as part of Exhibit 5.1)
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*
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Exhibits filed herewith
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2
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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EOG RESOURCES, INC.
(Registrant)
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Date: September 30, 2008
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/s/ TIMOTHY K. DRIGGERS
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Timothy K. Driggers
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Vice President and Chief Financial Officer
(Principal Financial and Accounting Officer)
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EXHIBIT INDEX
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Exhibit No.
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Description
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4.1
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Indenture, dated as of September 1, 1991, by and between EOG and The Bank
of New York Mellon Trust Company, N.A. (as successor in interest to
JPMorgan Chase Bank, N.A. (formerly known as Texas Commerce Bank National
Association)) (incorporated by reference to Exhibit 4(a) to EOGs
Registration Statement on Form S-3, Registration Statement No. 33-42640,
filed September 6, 1991)
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*4.2
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Officers Certificate Establishing 6.125% Senior Notes due 2013 and 6.875%
Senior Notes due 2018, dated September 30, 2008
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*4.3
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Form of Global Note with respect to the 6.125% Senior Notes due 2013 of EOG
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*4.4
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Form of Global Note with respect to the 6.875% Senior Notes due 2018 of EOG
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*5.1
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Opinion of Fulbright & Jaworski L.L.P. dated September 30, 2008
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*23.1
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Consent of Fulbright & Jaworski L.L.P. (included as part of Exhibit 5.1)
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*
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Exhibits filed herewith
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Exhibit 4.2
EOG Resources, Inc.
Officers Certificate
Establishing 6.125% Senior Notes due 2013 and 6.875% Senior Notes Due 2018
The undersigned, Helen Y. Lim, Vice President and Treasurer, and Frederick J. Plaeger, II, Senior
Vice President and General Counsel, of EOG Resources, Inc., a Delaware corporation (the
Company
),
hereby certify, pursuant to Sections 102 and 301 of the Indenture, dated as of September 1, 1991
(the
Indenture
), between the Company and The Bank of New York Mellon Trust Company, N.A. (as
successor in interest to JPMorgan Chase Bank, N.A. (formerly, Texas Commerce Bank National
Association)), as Trustee (the
Trustee
), that on September 25, 2008 the Chairman of the Board and
Chief Executive Officer, Vice President and Chief Financial Officer, and Vice President and
Treasurer of the Company approved, pursuant to the resolutions of the Board of Directors of the
Company dated September 24, 2008, that the terms of two series of notes to be issued under the
Indenture, and the form thereof, are as follows:
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Designation of Notes:
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6.125% Senior Notes due 2013 (the
2013 Notes
).
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6.875% Senior Notes due 2018 (the
2018 Notes
and, together with the 2013 Notes, the
Notes
).
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The 2013 Notes and the 2018 Notes are being
issued as two separate series.
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Aggregate Principal Amount:
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$400,000,000 aggregate principal amount of 2013
Notes and $350,000,000 aggregate principal
amount of 2018 Notes. The Company may reopen
either series of Notes for additional issuances
from time to time pursuant to the terms of the
Indenture.
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Denominations:
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$2,000 and integral multiples of $1,000 in
book-entry form only.
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Stated Maturity Date:
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The 2013 Notes will mature on October 1, 2013
unless redeemed earlier by the Company. The
2018 Notes will mature on October 1, 2018
unless redeemed earlier by the Company.
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Interest Rate:
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6.125% per annum from September 30, 2008 with
respect to the 2013 Notes and 6.875% per annum
from September 30, 2008 with respect to the
2018 Notes.
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Interest Payment Dates:
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April 1 and October 1 of each year beginning on
April 1, 2009. Interest on the Notes will
accrue from September 30, 2008.
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Regular Record Dates:
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March 15 or September 15 immediately preceding
an Interest Payment Date.
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Optional Redemption:
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The Company may redeem the Notes of either
series in whole at any time or in part from
time to time, at its option, at a Redemption
Price equal to the greater of:
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100% of the principal amount of the
Notes of the series then outstanding to be
redeemed; or
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the sum of the present values of the
remaining scheduled payments of principal and
interest on the Notes of the series to be
redeemed (not including any portion of such
payments of interest accrued to the date of
redemption) discounted to the Redemption Date
on a semiannual basis (assuming a 360-day year
consisting of twelve 30-day months) at the
applicable Treasury Rate plus 50 basis points
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plus, in each case, accrued and unpaid interest
on the principal amount being redeemed to the
Redemption Date.
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Treasury Rate
means, with respect to any
Redemption Date: (1) the yield, under the
heading which represents the average for the
immediately preceding week, appearing in the
most recently published statistical release
designated H.15(519) or any successor
publication which is published weekly by the
Board of Governors of the Federal Reserve
System and which establishes yields on actively
traded U.S. Treasury securities adjusted to
constant maturity under the caption Treasury
Constant Maturities, for the maturity
corresponding to the comparable treasury issue
(if no maturity is within three months before
or after the remaining life (as defined below),
yields for the two published maturities most
closely corresponding to the comparable
treasury issue will be determined and the
treasury rate will be interpolated or
extrapolated from such yields on a straight
line basis, rounding to the nearest month); or
(2) if such release (or any successor release)
is not published during the week preceding the
calculation date or does not contain such
yields, the rate per annum equal to the
semiannual equivalent yield to maturity of the
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comparable treasury issue, calculated using a
price for the comparable treasury issue
(expressed as a percentage of its principal
amount) equal to the comparable treasury price
for such Redemption Date.
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The Treasury Rate will be calculated on the
third Business Day preceding the date fixed for
redemption.
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Comparable Treasury Issue
means the U.S.
Treasury security selected by an independent
investment banker as having a maturity
comparable to the remaining term (remaining
life) of the Notes to be redeemed that would
be utilized, at the time of selection and in
accordance with customary financial practice,
in pricing new issues of corporate debt
securities of comparable maturity to the
remaining term of such Notes.
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Comparable Treasury Price
means (1) the
average of five reference treasury dealer
quotations for such Redemption Date, after
excluding the highest and lowest reference
treasury dealer quotations, or (2) if the
independent investment banker obtains fewer
than four such reference treasury dealer
quotations, the average of all such quotations.
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Independent Investment Banker
means any of
J.P. Morgan Securities Inc., Banc of America
Securities LLC or Citigroup Global Markets Inc.
(or their respective successors) as specified
by the Company, or, if these firms are
unwilling or unable to select the comparable
treasury issue, an independent investment
banking institution of national standing
appointed by the Company.
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Reference Treasury Dealer
means (1) J.P.
Morgan Securities Inc., Banc of America
Securities LLC or Citigroup Global Markets Inc.
and their respective successors, provided,
however, that if any of the foregoing shall
cease to be a primary U.S. government
securities dealer in New York City (a primary
treasury dealer), the Company will substitute
therefor another primary treasury dealer and
(2) any three other primary treasury dealers
selected by the Company after consultation with
the independent investment banker.
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Reference Treasury Dealer Quotations
means,
with respect to each reference treasury dealer
and any Redemption Date, the average, as
determined by the independent investment
banker, of the bid and asked prices for the
comparable treasury issue (expressed in each
case as a percentage of its principal amount)
quoted in writing to the independent investment
banker at 5:00 p.m., New York City time, on the
third Business Day preceding such Redemption
Date.
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Notice of any redemption will be mailed
first-class, postage-prepaid at least 30 days
but not more than 60 days before the Redemption
Date to each holder of the Notes to be
redeemed. Unless the Company defaults in
payment of the Redemption Price, on and after
the Redemption Date, interest will cease to
accrue on the Notes or portions thereof called
for redemption. If less than all of the Notes
are to be redeemed, the Notes to be redeemed
shall be selected by lot by the trustee or by
such other method as the trustee deems to be
fair and appropriate.
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Trustee:
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The Bank of New York Mellon Trust Company, N.A.
(as successor in interest to JPMorgan Chase
Bank, N.A. (formerly, Texas Commerce Bank
National Association))
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Place of Payment:
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The Company will make payments due on the Notes
to Cede & Co., as nominee of The Depository
Trust Company, or as otherwise may be permitted
by the Indenture and the Notes.
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Global Securities:
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Each series of Notes shall be issued as one or
more Global Securities. The Depository Trust
Company shall be the Depository.
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Events of Default:
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In an Event of Default, the principal of the
Notes may be declared due and payable in the
manner and in the effect provided in the
Indenture.
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Settlement:
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Payments in respect of principal of and
interest on the Notes shall be made by the
Company in immediately available funds.
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Form of Notes:
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Attached hereto as Annex A, and incorporated
herein by reference.
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Each of the undersigned hereby certify that:
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1.
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I have read Sections 102, 301 and 303 of the Indenture and the definitions in the
Indenture relating thereto.
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2.
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The statements made herein are based either upon my personal knowledge or on
information, data and reports furnished to me by the officers, counsel or employees of the
Company who have knowledge of the relevant facts.
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3.
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In my opinion, I have made such examination or investigation as is necessary to enable
me to express an informed opinion as to whether or not all conditions provided for in the
Indenture with respect to the determination of the terms of the Notes and the form thereof,
and the authentication and delivery of the Notes, have been complied with.
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4.
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In my opinion, all conditions precedent to the determination of the terms and form of
the Notes and to the authentication by the Trustee of $400,000,000 aggregate principal
amount of 2013 Notes and $350,000,000 aggregate principal amount of 2018 Notes thereof have
been complied with and such Notes may be delivered in accordance with the Indenture.
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Capitalized terms not otherwise defined herein have the meaning provided in the Indenture.
[
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IN WITNESS WHEREOF, the undersigned have hereunto signed their respective names on this 30th
day of September, 2008.
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/s/ Helen Y. Lim
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Helen Y. Lim
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Vice President and Treasurer
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/s/ Frederick J. Plaeger, II
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Frederick J. Plaeger, II
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Senior Vice President and General Counsel
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Exhibit 4.3
FORM OF NOTE
THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND
IS REGISTERED IN THE NAME OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (DTC) OR CEDE &
CO., ITS NOMINEE (CEDE & CO.). THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A
SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE REGISTERED, IN THE
NAME OF ANY PERSON OTHER THAN DTC OR CEDE & CO. OR ANOTHER NOMINEE OF DTC, EXCEPT IN THE LIMITED
CIRCUMSTANCES DESCRIBED IN THE INDENTURE.
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF DTC TO THE ISSUER OR ITS
AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED
IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF
DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO
ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST
THEREIN.
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EOG RESOURCES, INC.
6.125% SENIOR NOTE DUE 2013
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$
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No. ___
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CUSIP No. 26875PAB7
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EOG Resources, Inc., a corporation duly organized and existing under the laws of Delaware
(herein called the Company, which term includes any successor Person under the Indenture
hereinafter referred to), for value received, hereby promises to pay to Cede & Co., as the nominee
of The Depository Trust Company, or registered assigns, the principal sum of
on
October 1, 2013 and to pay interest thereon from September 30, 2008 or from the most recent
Interest Payment Date to which interest has been paid or duly provided for, semi-annually on April
1 and October 1, in each year (or if any such date is not a Business Day, the next succeeding
Business Day), commencing April 1, 2009, at the rate of 6.125% per annum, until the principal
hereof is paid or made available for payment.
The interest so payable, and punctually paid or duly provided for, on any Interest Payment
Date will, as provided in such Indenture, be paid to the Person in whose name this Security (or one
or more Predecessor Securities) is registered at the close of business on the Regular Record Date
for such interest, which shall be March 15 or September 15 (whether or not a Business Day), as the
case may be, next preceding such Interest Payment Date. Any such interest not so punctually paid or
duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date and
may either be paid to the Person in whose name this Security (or one or more Predecessor
Securities) is registered at the close of business on a Special Record Date for the payment of such
Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of the
Securities not less than 10 days prior to such Special Record Date, or be paid at any time in any
other lawful manner not inconsistent with the requirements of any securities exchange on which the
Securities of this series may be listed, and upon such notice as may be required by such exchange,
all as more fully provided in said Indenture. Payment of the principal of and interest on this
Security will be made at the office or agency of the Company maintained for that purpose in
Houston, Texas, in such coin or currency of the United States of America as at the time of payment
is legal tender for payment of public and private debts;
provided, however
, that at the option of
the Company payment of interest may be made by check mailed to the address of the Person entitled
thereto as such address shall appear in the Security Register;
provided, further, however,
that in
case this Security is held by a Depository or its nominee, payment of principal, interest and
premium, if any, shall be made by wire transfer of immediately available funds to an account
designated by such Depository.
Reference is hereby made to the further provisions of this Security set forth on the reverse
hereof, which further provisions shall for all purposes have the same effect as if set forth at
this place.
Unless the certificate of authentication hereon has been executed by the Trustee referred to
on the reverse hereof by manual signature, this Security shall not be entitled to any benefit under
the Indenture or be valid or obligatory for any purpose.
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IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed under its
corporate seal.
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Dated: September ___, 2008
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EOG Resources, Inc.
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Helen Y. Lim
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Vice President and Treasurer
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Attest:
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REVERSE OF SECURITY
This security is one of a duly authorized issue of securities of the Company (herein called
the Securities) issued and to be issued in one or more series under an Indenture, dated as of
September 1, 1991 (herein called the Indenture), between the Company and The Bank of New York
Mellon Trust Company, N.A. (as successor in interest to JPMorgan Chase Bank, N.A. (formerly, Texas
Commerce Bank National Association)), as trustee (herein called the Trustee, which term includes
any successor trustee under the Indenture), to which the Indenture and all indentures supplemental
thereto (including as supplemented by an Officers Certificate pursuant thereto) reference is
hereby made for a statement of the respective rights, limitations of rights, duties and immunities
thereunder of the Company, the Trustee and the Holders of the Securities and of the terms upon
which the Securities are, and are to be, authenticated and delivered. This Security is one of the
series designated on the face hereof.
The Securities of this series are subject to redemption upon not less than 30 days notice by
mail, in whole at any time or in part from time to time, at the election of the Company, at a
redemption price equal to the greater of a) 100% of the principal amount of the Securities then
outstanding to be redeemed; or b) the sum of the present values of the remaining scheduled payments
of principal and interest on the Securities to be redeemed (not including any portion of such
payments of interest accrued to the Redemption Date) discounted to the Redemption Date on a
semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the applicable
Treasury Rate plus 50 basis points,
plus
, in each case, accrued and unpaid interest on the
principal amount being redeemed to the Redemption Date, but interest installments whose Stated
Maturity is on or prior to such Redemption Date will be payable to the Holders of such Securities,
or one or more Predecessor Securities, of record at the close of business on the relevant Record
Dates referred to on the face hereof, all as provided in the Indenture.
In the event of redemption of this Security in part only, a new Security or Securities of this
series and of like tenor for the unredeemed portion hereof will be issued in the name of the Holder
hereof upon the cancellation hereof.
If an Event of Default with respect to Securities of this series shall occur and be
continuing, the principal of the Securities of this series may be declared due and payable in the
manner and with the effect provided in the Indenture.
The Indenture permits, with certain exceptions as therein provided, the amendment thereof and
the modification of the rights and obligations of the Company and the rights of the Holders of the
Securities of each series to be affected under the Indenture at any time by the Company and the
Trustee with the consent of the Holders of more than 50% in principal amount of the Securities at
the time Outstanding of each series to be affected. The Indenture also contains provisions
permitting the Holders of specified percentages in principal amount of the Securities of each
series at the time Outstanding, on behalf of the Holders of all Securities of such series, to waive
compliance by the Company with certain provisions of the Indenture and certain past defaults under
the Indenture and their consequences. Any such consent or waiver by the Holder of this Security
shall be conclusive and binding upon such Holder and upon all future Holders of this Security and
of any Security issued upon the registration of transfer hereof or in
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exchange herefor or in lieu hereof, whether or not notation of such consent or waiver is made
upon this Security.
The Indenture contains provisions for defeasance at any time of the entire indebtedness of the
Company on this Security upon compliance by the Company with certain conditions set forth therein,
which provisions apply to this Security.
No reference herein to the Indenture and no provision of this Security or of the Indenture
shall, without the consent of the Holder, alter or impair the right of the Holder, which is
absolute and unconditional, to receive payment of principal of and any premium and interest on this
Security at the times, place and rate, and in the coin or currency, herein prescribed, except for
Section 113 of the Indenture (which limits interest to the maximum amount permissible by law), the
provisions of which are incorporated herein by reference.
As provided in the Indenture and subject to certain limitations therein set forth, the
transfer of this Security is registerable in the Security Register, upon surrender of this Security
for registration of transfer at the office or agency of the Company in any place where the
principal of and any premium and interest on this Security are payable, duly endorsed by, or
accompanied by a written instrument of transfer in form satisfactory to the Company and the
Security Registrar duly executed by, the Holder hereof or his attorney duly authorized in writing,
and thereupon one or more new Securities of this series, of authorized denominations and for the
same aggregate principal amount, will be issued to the designated transferee or transferees.
The Securities of this series are issuable only in registered form without coupons in
denominations of $2,000 and integral multiples of $1,000. As provided in the Indenture and subject
to certain limitations therein set forth, Securities of this series are exchangeable for a like
aggregate principal amount of Securities of this series of a different authorized denomination, as
requested by the Holder surrendering the same.
No service charge shall be made for any such registration of transfer or exchange, but the
Company may require payment of a sum sufficient to cover any tax or other governmental charge
payable in connection therewith.
Prior to due presentment of this Security for registration of transfer, the Company, the
Trustee and any agent of the Company or the Trustee may treat the Person in whose name this
Security is registered as the owner hereof for all purposes, whether or not this Security be
overdue, and neither the Company, the Trustee nor any such agent shall be affected by notice to the
contrary.
All terms used in this Security which are defined in the Indenture shall have the meanings
assigned to them in the Indenture (including as may be supplemented by an Officers Certificate).
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This is one of the Securities of the series designated therein referred to in the
within-mentioned Indenture.
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The Bank of New York Mellon
Trust Company, N.A.,
as Trustee
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By
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Name
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Authorized Signatory
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Exhibit 4.4
FORM OF NOTE
THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND
IS REGISTERED IN THE NAME OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (DTC) OR CEDE &
CO., ITS NOMINEE (CEDE & CO.). THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A
SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE REGISTERED, IN THE
NAME OF ANY PERSON OTHER THAN DTC OR CEDE & CO. OR ANOTHER NOMINEE OF DTC, EXCEPT IN THE LIMITED
CIRCUMSTANCES DESCRIBED IN THE INDENTURE.
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF DTC TO THE ISSUER OR ITS
AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED
IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF
DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO
ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST
THEREIN.
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EOG RESOURCES, INC.
6.875% SENIOR NOTE DUE 2018
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$
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No. ___
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CUSIP No. 26875PAC5
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EOG Resources, Inc., a corporation duly organized and existing under the laws of Delaware
(herein called the Company, which term includes any successor Person under the Indenture
hereinafter referred to), for value received, hereby promises to pay to Cede & Co., as the nominee
of The Depository Trust Company, or registered assigns, the principal sum of
on
October 1, 2018 and to pay interest thereon from September 30, 2008 or from the most recent
Interest Payment Date to which interest has been paid or duly provided for, semi-annually on April
1 and October 1, in each year (or if any such date is not a Business Day, the next succeeding
Business Day), commencing April 1, 2009, at the rate of 6.875% per annum, until the principal
hereof is paid or made available for payment.
The interest so payable, and punctually paid or duly provided for, on any Interest Payment
Date will, as provided in such Indenture, be paid to the Person in whose name this Security (or one
or more Predecessor Securities) is registered at the close of business on the Regular Record Date
for such interest, which shall be March 15 or September 15 (whether or not a Business Day), as the
case may be, next preceding such Interest Payment Date. Any such interest not so punctually paid or
duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date and
may either be paid to the Person in whose name this Security (or one or more Predecessor
Securities) is registered at the close of business on a Special Record Date for the payment of such
Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of the
Securities not less than 10 days prior to such Special Record Date, or be paid at any time in any
other lawful manner not inconsistent with the requirements of any securities exchange on which the
Securities of this series may be listed, and upon such notice as may be required by such exchange,
all as more fully provided in said Indenture. Payment of the principal of and interest on this
Security will be made at the office or agency of the Company maintained for that purpose in
Houston, Texas, in such coin or currency of the United States of America as at the time of payment
is legal tender for payment of public and private debts;
provided, however
, that at the option of
the Company payment of interest may be made by check mailed to the address of the Person entitled
thereto as such address shall appear in the Security Register;
provided, further, however,
that in
case this Security is held by a Depository or its nominee, payment of principal, interest and
premium, if any, shall be made by wire transfer of immediately available funds to an account
designated by such Depository.
Reference is hereby made to the further provisions of this Security set forth on the reverse
hereof, which further provisions shall for all purposes have the same effect as if set forth at
this place.
Unless the certificate of authentication hereon has been executed by the Trustee referred to
on the reverse hereof by manual signature, this Security shall not be entitled to any benefit under
the Indenture or be valid or obligatory for any purpose.
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IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed under its
corporate seal.
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Dated: September ___, 2008
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EOG Resources, Inc.
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Helen Y. Lim
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Vice President and Treasurer
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Attest:
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REVERSE OF SECURITY
This security is one of a duly authorized issue of securities of the Company (herein called
the Securities) issued and to be issued in one or more series under an Indenture, dated as of
September 1, 1991 (herein called the Indenture), between the Company and The Bank of New York
Mellon Trust Company, N.A. (as successor in interest to JPMorgan Chase Bank, N.A. (formerly, Texas
Commerce Bank National Association)), as trustee (herein called the Trustee, which term includes
any successor trustee under the Indenture), to which the Indenture and all indentures supplemental
thereto (including as supplemented by an Officers Certificate pursuant thereto) reference is
hereby made for a statement of the respective rights, limitations of rights, duties and immunities
thereunder of the Company, the Trustee and the Holders of the Securities and of the terms upon
which the Securities are, and are to be, authenticated and delivered. This Security is one of the
series designated on the face hereof.
The Securities of this series are subject to redemption upon not less than 30 days notice by
mail, in whole at any time or in part from time to time, at the election of the Company, at a
redemption price equal to the greater of a) 100% of the principal amount of the Securities then
outstanding to be redeemed; or b) the sum of the present values of the remaining scheduled payments
of principal and interest on the Securities to be redeemed (not including any portion of such
payments of interest accrued to the Redemption Date) discounted to the Redemption Date on a
semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the applicable
Treasury Rate plus 50 basis points,
plus
, in each case, accrued and unpaid interest on the
principal amount being redeemed to the Redemption Date, but interest installments whose Stated
Maturity is on or prior to such Redemption Date will be payable to the Holders of such Securities,
or one or more Predecessor Securities, of record at the close of business on the relevant Record
Dates referred to on the face hereof, all as provided in the Indenture.
In the event of redemption of this Security in part only, a new Security or Securities of this
series and of like tenor for the unredeemed portion hereof will be issued in the name of the Holder
hereof upon the cancellation hereof.
If an Event of Default with respect to Securities of this series shall occur and be
continuing, the principal of the Securities of this series may be declared due and payable in the
manner and with the effect provided in the Indenture.
The Indenture permits, with certain exceptions as therein provided, the amendment thereof and
the modification of the rights and obligations of the Company and the rights of the Holders of the
Securities of each series to be affected under the Indenture at any time by the Company and the
Trustee with the consent of the Holders of more than 50% in principal amount of the Securities at
the time Outstanding of each series to be affected. The Indenture also contains provisions
permitting the Holders of specified percentages in principal amount of the Securities of each
series at the time Outstanding, on behalf of the Holders of all Securities of such series, to waive
compliance by the Company with certain provisions of the Indenture and certain past defaults under
the Indenture and their consequences. Any such consent or waiver by the Holder of this Security
shall be conclusive and binding upon such Holder and upon all future Holders of this Security and
of any Security issued upon the registration of transfer hereof or in
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exchange herefor or in lieu hereof, whether or not notation of such consent or waiver is made
upon this Security.
The Indenture contains provisions for defeasance at any time of the entire indebtedness of the
Company on this Security upon compliance by the Company with certain conditions set forth therein,
which provisions apply to this Security.
No reference herein to the Indenture and no provision of this Security or of the Indenture
shall, without the consent of the Holder, alter or impair the right of the Holder, which is
absolute and unconditional, to receive payment of principal of and any premium and interest on this
Security at the times, place and rate, and in the coin or currency, herein prescribed, except for
Section 113 of the Indenture (which limits interest to the maximum amount permissible by law), the
provisions of which are incorporated herein by reference.
As provided in the Indenture and subject to certain limitations therein set forth, the
transfer of this Security is registerable in the Security Register, upon surrender of this Security
for registration of transfer at the office or agency of the Company in any place where the
principal of and any premium and interest on this Security are payable, duly endorsed by, or
accompanied by a written instrument of transfer in form satisfactory to the Company and the
Security Registrar duly executed by, the Holder hereof or his attorney duly authorized in writing,
and thereupon one or more new Securities of this series, of authorized denominations and for the
same aggregate principal amount, will be issued to the designated transferee or transferees.
The Securities of this series are issuable only in registered form without coupons in
denominations of $2,000 and integral multiples of $1,000. As provided in the Indenture and subject
to certain limitations therein set forth, Securities of this series are exchangeable for a like
aggregate principal amount of Securities of this series of a different authorized denomination, as
requested by the Holder surrendering the same.
No service charge shall be made for any such registration of transfer or exchange, but the
Company may require payment of a sum sufficient to cover any tax or other governmental charge
payable in connection therewith.
Prior to due presentment of this Security for registration of transfer, the Company, the
Trustee and any agent of the Company or the Trustee may treat the Person in whose name this
Security is registered as the owner hereof for all purposes, whether or not this Security be
overdue, and neither the Company, the Trustee nor any such agent shall be affected by notice to the
contrary.
All terms used in this Security which are defined in the Indenture shall have the meanings
assigned to them in the Indenture (including as may be supplemented by an Officers Certificate).
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This is one of the Securities of the series designated therein referred to in the
within-mentioned Indenture.
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The Bank of New York Mellon
Trust Company, N.A.,
as Trustee
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By
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Name
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Authorized Signatory
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Exhibit 5.1
FULBRIGHT & JAWORSKI L.L.P.
1301 MCKINNEY, SUITE 5100
HOUSTON, TEXAS 77010-3095
TELEPHONE: (713) 651-5151
FAX: (713) 651-5246
September 30, 2008
EOG Resources, Inc.
1111 Bagby, Sky Lobby 2
Houston, Texas 77002
Ladies and Gentlemen:
We have acted as counsel to EOG Resources, Inc., a Delaware corporation (the Company), in
connection with the offering by the Company of $400,000,000 aggregate principal amount of 6.125%
Senior Notes due 2013 (the 2013 Notes) and $350,000,000 aggregate principal amount of 6.875%
Senior Notes due 2018 (the 2018 Notes and, together with the 2013 Notes, the Notes). The Notes
are to be issued pursuant to an Indenture dated September 1, 1991, as supplemented by an officers
certificate setting forth the specific terms applicable to the Notes (as so supplemented, the
Indenture) between the Company and The Bank of New York Mellon Trust Company, N.A. (as successor
in interest to JPMorgan Chase Bank, N.A. (formerly, Texas Commerce Bank National Association)), as
trustee. We refer to the registration statement on Form S-3 (Registration No. 333-153665) (the
Registration Statement), filed with the Securities and Exchange Commission (the Commission) by
the Company on September 25, 2008, including the base prospectus contained therein, and the
prospectus supplement (the Prospectus Supplement) filed with the Commission on September 26,
2008, relating to the offering of the Notes.
As counsel to the Company, we have examined such corporate records, documents and questions of
law as we have deemed necessary or appropriate for the purposes of this opinion. In such
examinations, we have assumed the genuineness of signatures and the conformity to the originals of
the documents supplied to us as copies. As to various questions of fact material to
this opinion, we have relied upon statements and certificates of officers and representatives
of the Company. Without limiting the foregoing, we have examined (i) the Underwriting Agreement,
dated September 25, 2008, among the Company, J.P. Morgan Securities Inc., Banc of America
Securities LLC, Citigroup Global Markets Inc. and the other underwriters (the Underwriters) named
therein (the Underwriting Agreement), (ii) the Indenture and (iii) resolutions adopted by the
Company relating to the Notes.
Based upon the foregoing, and subject to the limitations, qualifications, assumptions and
exceptions stated herein, we are of the opinion that the Notes have been duly authorized and, when
executed and authenticated in accordance with the provisions of the Indenture and delivered to and
paid for by the Underwriters pursuant to the Underwriting Agreement, will, under the laws of the
State of Texas, constitute legal and binding obligations of the Company.
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We express no opinion
concerning (a) the validity or enforceability of any provisions contained in the Indenture that
purport to waive or not give effect to rights to notices, defenses, subrogation or other rights or
benefits that cannot be effectively waived under applicable law or (b) the enforceability of
indemnification provisions to the extent they purport to relate to liabilities resulting from or
based upon negligence or any violation of federal or state securities or blue sky laws.
The opinion expressed in this letter is subject to applicable bankruptcy, insolvency,
fraudulent conveyance, reorganization, moratorium and similar laws affecting creditors rights and
remedies generally, and to general principles of equity, including without limitation concepts of
materiality and principles of reasonableness, good faith and fair dealing (regardless of whether
enforcement is sought in a proceeding at law or in equity).
The opinion expressed herein is limited exclusively to the General Corporation Law of the
State of Delaware, and the applicable provisions of the Delaware Constitution and reported
decisions concerning such laws, the laws of the State of Texas and the federal laws of the United
States of America, and we are expressing no opinion as to the effect of the laws of any other
jurisdiction. We hereby consent to the filing of this opinion as an Exhibit to the Registration
Statement and to the references to us under Legal Matters in the Prospectus Supplement. By giving
such consent, we do not admit that we are within the category of persons whose consent is required
under Section 7 of the Securities Act of 1933, as amended, or the rules and regulations thereunder.
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Very truly yours,
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/s/ FULBRIGHT & JAWORSKI L.L.P.
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Fulbright & Jaworski L.L.P.
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