0001193125-08-039535 Sample Contracts

PLAINS EXPLORATION & PRODUCTION COMPANY RESTRICTED STOCK UNIT AGREEMENT [With Employment Agreement]
Restricted Stock Unit Agreement • February 27th, 2008 • Plains Exploration & Production Co • Crude petroleum & natural gas • Delaware

This Restricted Stock Unit Agreement (the “Agreement”), made as of the ___ day of ___________, 200_ (the “Grant Date”), by and between Plains Exploration & Production Company (the “Company”), and «Fname» «Middle»«Dot» «Lname» (the “Grantee”), evidences the grant by the Company of restricted stock units (“Restricted Stock Units” or “Award”) to the Grantee on such date and the Grantee’s acceptance of the Award in accordance with the provisions of the Plains Exploration & Production Company 2004 Stock Incentive Plan, as amended or restated from time to time (the “Plan”). The Company and the Grantee agree as follows:

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PLAINS EXPLORATION & PRODUCTION COMPANY AMENDED AND RESTATED EMPLOYMENT AGREEMENT
Employment Agreement • February 27th, 2008 • Plains Exploration & Production Co • Crude petroleum & natural gas • Texas

This Employment Agreement (“Agreement”) by and between Plains Exploration & Production Company, a Delaware corporation (“Company”), and Winston M. Talbert (“Employee”) is entered into effective as of November 8, 2006 (the “Effective Date”).

AMENDED AND RESTATED PLAINS EXPLORATION & PRODUCTION COMPANY LONG-TERM RETENTION AGREEMENT
Long-Term Retention Agreement • February 27th, 2008 • Plains Exploration & Production Co • Crude petroleum & natural gas

THIS AGREEMENT (“Agreement”) is made by and between Plains Exploration & Production Company (the “Company”) and John F. Wombwell (“Executive”) effective the 8th day of August, 2005 pursuant to the terms of the Plains Exploration & Production Company Executives’ Long-Term Retention and Deferred Compensation Plan (the “Plan”), and the Plains Exploration & Production Company 2004 Stock Incentive Plan as amended from time to time, or any successor plan (the “2004 Stock Plan”), which are incorporated herein by reference. Terms used but not defined herein have the meanings assigned to them in the Plan.

FOURTH SUPPLEMENTAL INDENTURE
Fourth Supplemental Indenture • February 27th, 2008 • Plains Exploration & Production Co • Crude petroleum & natural gas • New York

This Fourth Supplemental Indenture, dated as of November 14, 2007 (this “Supplemental Indenture”), among Laramie Land & Cattle Company, LLC, a Colorado limited liability company (the “New Subsidiary Guarantor”), Plains Exploration & Production Company, a Delaware corporation (together with its successors and assigns, the “Company”), the subsidiary guarantors party hereto (the “Guarantors”), and Wells Fargo Bank, N.A., a nationally chartered association, as Trustee (the “Trustee”) under the Indenture referred to below.

SIXTH SUPPLEMENTAL INDENTURE
Supplemental Indenture • February 27th, 2008 • Plains Exploration & Production Co • Crude petroleum & natural gas • New York

This Sixth Supplemental Indenture, dated as of February 13, 2008 (this “Supplemental Indenture”), among Pogo Partners, Inc., a Texas corporation (“Pogo Partners”), Pogo Producing (San Juan) Company, a Texas corporation (“Pogo San Juan”, and together with Pogo Partners, the “New Subsidiary Guarantors”), Plains Exploration & Production Company, a Delaware corporation (together with its successors and assigns, the “Company”), the existing subsidiary guarantors party hereto (the “Guarantors”), and Wells Fargo Bank, N.A., a nationally chartered association, as Trustee (the “Trustee”) under the Indenture referred to below.

SECOND SUPPLEMENTAL INDENTURE
Second Supplemental Indenture • February 27th, 2008 • Plains Exploration & Production Co • Crude petroleum & natural gas • New York

This Second Supplemental Indenture, dated as of June 5, 2007, (this “Supplemental Indenture”), among Plains Resources Inc., a Delaware corporation (“Plains Resources”), PXP East Plateau LLC, a Delaware limited liability company (“East Plateau”), PXP Brush Creek LLC, a Delaware limited liability company (“Brush Creek”), PXP CV Pipeline LLC, a Delaware limited liability company (“CV Pipeline”), PXP Hell’s Gulch LLC, a Delaware limited liability company (“Hell’s Gulch”), and PXP Piceance LLC, a Delaware limited liability company (“Piceance” and, together with Plains Resources, East Plateau, Brush Creek, CV Pipeline and Hell’s Gulch, the “New Subsidiary Guarantors”), Plains Exploration & Production Company, a Delaware corporation (together with its successors and assigns, the “Company”), the subsidiary guarantors party hereto (the “Guarantors”), and Wells Fargo Bank, N.A., a nationally chartered association, as Trustee (the “Trustee”) under the Indenture referred to below.

FIFTH SUPPLEMENTAL INDENTURE
Supplemental Indenture • February 27th, 2008 • Plains Exploration & Production Co • Crude petroleum & natural gas • New York

This Fifth Supplemental Indenture, dated as of January 29, 2008 (this “Supplemental Indenture”), among Latigo Gas Group, LLC, a Texas limited liability company (“LGG”), Latigo Gas Holdings, LLC, a Delaware limited liability company (“LGH”), Latigo Gas Services, LP, a Texas limited partnership (“LGS”), Latigo Holdings (Texas), LLC, a Delaware limited liability company (“LHT”), Latigo Investments, LLC, a Delaware limited liability company (“Latigo Investments”), Latigo Petroleum, Inc., a Delaware corporation (“Latigo Petroleum”), Latigo Petroleum Texas LP, a Texas limited partnership (“LPT”), Pogo Energy, Inc., a Texas corporation (“Pogo Energy”), Pogo Panhandle 2004, L.P., a Texas limited partnership (“Pogo Panhandle”), Pogo Producing Company LLC, a Delaware limited liability company (“PPP”), Pogo Producing (Texas Panhandle) Company, a Texas corporation (“PPTP”), and PXP Aircraft LLC, a Delaware limited liability company (“PXP Aircraft” and together with LGG, LGH, LGS, LHT, Latigo Inves

AMENDED AND RESTATED PLAINS EXPLORATION & PRODUCTION COMPANY LONG-TERM RETENTION AND DEFERRAL AGREEMENT
Long-Term Retention and Deferral Agreement • February 27th, 2008 • Plains Exploration & Production Co • Crude petroleum & natural gas

THIS AGREEMENT (“Agreement”) is made by and between Plains Exploration & Production Company (the “Company”) and James C. Flores (“Executive”) effective, the 8th day of August, 2005 pursuant to the terms of the Plains Exploration & Production Company Executives’ Long-Term Retention and Deferred Compensation Plan (the “Plan”) and the Plains Exploration & Production Company 2004 Stock Incentive Plan as amended from time to time, or any successor plan (the “2004 Stock Plan”), which are incorporated herein by reference. Terms used but not defined herein have the meanings assigned to them in the Plan,

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