PENSION AND EMPLOYEE BENEFITS ASSUMPTION AND TRANSITION AGREEMENTPension and Employee Benefits Assumption and Transition Agreement • July 3rd, 2001 • Plains Resources Inc • Wholesale-petroleum & petroleum products (no bulk stations) • Texas
THIS PENSION AND EMPLOYEE BENEFITS ASSUMPTION AND TRANSITION AGREEMENT, dated as of June 8, 2001 (this "Agreement"), is entered into by and between Plains Resources Inc., a Delaware corporation ("Parent"), Plains All American Inc., a Delaware corporation and wholly-owned subsidiary of Parent ("PAAI") and Plains All American GP LLC, a Delaware limited liability company (the "Successor GP"). Capitalized terms used herein, unless otherwise defined herein, shall have the meanings assigned to them in the Contribution Agreement (defined below).
