SEPARATION AND DISTRIBUTION AGREEMENT BY AND BETWEEN OCCIDENTAL PETROLEUM CORPORATION AND CALIFORNIA RESOURCES CORPORATION DATED AS OF NOVEMBER 25, 2014Separation and Distribution Agreement • December 1st, 2014 • California Resources Corp • Crude petroleum & natural gas • Texas
This SEPARATION AND DISTRIBUTION AGREEMENT, made and entered into effective as of November 25, 2014 (this “Agreement”), is by and between Occidental Petroleum Corporation, a Delaware corporation (“OPC”), and California Resources Corporation, a Delaware corporation and wholly owned subsidiary of OPC (“CRC”). Capitalized terms used herein and not otherwise defined shall have the respective meanings assigned to them in Article I.
TAX SHARING AGREEMENT between OCCIDENTAL PETROLEUM CORPORATION AND ITS AFFILIATES and CALIFORNIA RESOURCES CORPORATION AND ITS AFFILIATES Dated as of November 25, 2014Tax Sharing Agreement • December 1st, 2014 • California Resources Corp • Crude petroleum & natural gas • Texas
This TAX SHARING AGREEMENT (the “Agreement”) is entered into as of November 25, 2014, by and between Occidental Petroleum Corporation (“OPC”), a Delaware corporation, and California Resources Corporation (“CRC”), a Delaware corporation and is effective as of the Effective Time. Each of OPC and CRC is sometimes referred to herein as a “party” and, collectively, the “parties.”
EMPLOYEE MATTERS AGREEMENT BY AND BETWEEN OCCIDENTAL PETROLEUM CORPORATION AND CALIFORNIA RESOURCES CORPORATION DATED AS OF NOVEMBER 25, 2014Employee Matters Agreement • December 1st, 2014 • California Resources Corp • Crude petroleum & natural gas • Texas
This EMPLOYEE MATTERS AGREEMENT, made and entered into as of November 25, 2014, is by and between Occidental Petroleum Corporation, a Delaware corporation (“OPC”), and California Resources Corporation, a Delaware corporation and wholly-owned Subsidiary of OPC (“CRC”). OPC and CRC are also referred to in this Agreement individually as a “Party” and collectively as the “Parties.” Capitalized terms used herein and not otherwise defined shall have the respective meanings assigned to them in Section 2.1.
AREA OF MUTUAL INTEREST AGREEMENTArea of Mutual Interest Agreement • December 1st, 2014 • California Resources Corp • Crude petroleum & natural gas • Texas
This Area of Mutual Interest Agreement (as the same may be amended, this “Agreement”) is entered into on November 25, 2014, to be effective for all purposes as of the Effective Time, by Occidental Petroleum Corporation, a Delaware corporation (“OPC”), and California Resources Corporation, a Delaware corporation (“CRC”).
Stockholder’s and Registration Rights Agreement by and between Occidental Petroleum Corporation and California Resources Corporation Dated as of November 25, 2014Stockholder’s and Registration Rights Agreement • December 1st, 2014 • California Resources Corp • Crude petroleum & natural gas • Texas
This Stockholder’s and Registration Rights Agreement (this “Agreement”) is made as of November 25, 2014 by and between Occidental Petroleum Corporation, a Delaware corporation (“Occidental”), and California Resources Corporation, a Delaware corporation and wholly owned subsidiary of Occidental (“CRC”) and is effective as of the Effective Time. Capitalized terms used herein and not otherwise defined shall have the respective meanings assigned to them in Section 1.01.
CONFIDENTIALITY AND TRADE SECRET PROTECTION AGREEMENTConfidentiality Agreement • December 1st, 2014 • California Resources Corp • Crude petroleum & natural gas • Texas
This Confidentiality and Trade Secret Protection Agreement (as the same may be amended, this “Agreement”) is entered into effective as of November 25, 2014 (the “Effective Date”), by Occidental Petroleum Corporation, a Delaware corporation (“OPC”), and California Resources Corporation, a Delaware corporation (“CRC”).
TRANSITION SERVICES AGREEMENTTransition Services Agreement • December 1st, 2014 • California Resources Corp • Crude petroleum & natural gas • Texas
THIS TRANSITION SERVICES AGREEMENT is entered into on November 25, 2014, to be effective for all purposes as of the Effective Time, by and between Occidental Petroleum Corporation, a Delaware corporation (“OPC”), and California Resources Corporation, a Delaware corporation (“CRC”).
INTELLECTUAL PROPERTY LICENSE AGREEMENTIntellectual Property License Agreement • December 1st, 2014 • California Resources Corp • Crude petroleum & natural gas
This Intellectual Property License Agreement (this “License Agreement”) is made and entered into as of November 25, 2014 and effective as of the Distribution Date (defined below), by and between OCCIDENTAL PETROLEUM CORPORATION, a Delaware corporation (“OPC”), and CALIFORNIA RESOURCES CORPORATION, a Delaware corporation (“CRC”) (each a “Party” and collectively, the “Parties”).
