Proposed Employment Agreement for Raymond Summary of Key TermsPlains Resources Inc • March 2nd, 2004 • Wholesale-petroleum & petroleum products (no bulk stations)
Overall Rationale: To secure the services of John Raymond (the “Executive”) as the President and Chief Executive Officer of Vulcan Energy Corporation (the “Company”).
STOCKHOLDERS’ AGREEMENT for VULCAN ENERGY CORPORATIONStockholders’ Agreement • March 2nd, 2004 • Plains Resources Inc • Wholesale-petroleum & petroleum products (no bulk stations) • Delaware
THIS STOCKHOLDERS’ AGREEMENT, is entered into and effective as of , 2004 (the “Effective Date”), by and among Vulcan Energy Corporation, a Delaware corporation (the “Company”), Paul G. Allen, an individual (“Allen”), James C. Flores, an individual (“Flores”) and John T. Raymond, an individual (“Raymond”)(each of Flores and Raymond is sometimes referred to herein as a “Management Stockholder” and collectively, as the “Management Stockholders”). Allen, each Management Stockholder and each other person that may become a party to this Agreement as contemplated hereby are hereinafter referred to individually as a “Stockholder” and collectively as the “Stockholders”.
EXCLUSIVITY AGREEMENT AMONG PAUL G. ALLEN JAMES C. FLORES AND JOHN T. RAYMOND Dated as of , 200[3]Exclusivity Agreement • March 2nd, 2004 • Plains Resources Inc • Wholesale-petroleum & petroleum products (no bulk stations) • Delaware
This Exclusivity Agreement (this “Agreement”) is entered into as of the day of , 200[ ], by and among Paul G. Allen, an individual (“Allen”), James C. Flores, an individual (“Flores”), and John T. Raymond, an individual (“Raymond”). Each of Flores and Raymond is sometimes referred to herein as a “Management Stockholder” and collectively, as the “Management Stockholders”, and each of Allen and each Management Stockholder is hereinafter referred to individually as a “Party” and collectively as the “Parties.”
