Common Contracts

LB LITIGATION TRUST AGREEMENT

Litigation Trust Agreement • April 30th, 2010 • New York

• Contract Type
  Litigation Trust Agreement
• Filed
  April 30th, 2010
• Jurisdiction
  New York

This LB Litigation Trust Agreement (the “Litigation Trust Agreement”), made this 30th day of April, 2010 by and between (a) LyondellBasell Industries AF S.C.A. (“LBIAF”) on behalf of itself and the other Debtors and (b) the individual identified on Exhibit A, as trustee for the liquidating trust established pursuant to this Litigation Trust Agreement (such person and each successor trustee the “Litigation Trustee”) is executed to facilitate the implementation of the Third Amended Joint Chapter 11 Plan of Reorganization for the LyondellBasell Debtors dated March 12, 2010 (as the same may be amended, modified or supplemented from time to time in accordance with the terms and provisions thereof, the “Plan”) that provides for the establishment of the litigation trust created hereby (the “Litigation Trust”). Each of the Debtors (or, after the Effective Date, the Reorganized Debtors) and the Litigation Trustee are sometimes referred to individually as a “Party” and collectively as the “Parti