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Hanover Compression LP

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$32	Preview Full Doc	2001	Purchase Agreement [Amendment No. 1] Purchase Agreement [Amendment No. 1] (13K) Doc #246916: Click preview link for longer preview. AMENDMENT NO. 1 TO PURCHASE AGREEMENT THIS AMENDMENT NO. 1 TO PURCHASE AGREEMENT (the "Amendment") is dated as of --------- August 30, 2001 and is by and among SCHLUMBERGER TECHNOLOGY CORPORATION, a Texas corporation ("STC"), CAMCO INTERNATIONAL INC., a Delaware corporation ("CII"), --- --- SCHLUMBERGER SURENCO S.A., a Panamanian company ("Surenco"), and SCHLUMBERGER ------- OILFIELD HOLDINGS LTD., a British Virgin Islands company ("SOHL" and together ---- with STC, CII and Surenco, each a "Seller" and, collectively, the "Sellers" or ------ ------- "Schlumberger"), HANOVER COMPRESSOR COMPANY, a Delaware corporation ("Hanover"), ------------ ------- and HANOVER COMPRESSION LIMITED PARTNERSHIP, a Delaware limited partnership ("Purchaser"). Terms used and not defined herein shall have the meanings --------- assigned to them in the Purchase Agreement dated June 28, 2001, by and among STC, CII, Surenco, SOHL, Hanover and Purchaser (the "Purchase Agreement"). ------------------ RECITALS -------- A. WHEREAS, the Sellers, Hanover and Purchaser entered into the Purchase Agreement on June 28, 2001; and B. WHEREAS, the Sellers, Hanover and Purchaser desire to amend the Purchase Agreement as set forth in this Amendment to reflect their agreement to exclude the Rocky Mountain Assets from the transaction and to reference their agreement regarding the contracts and other documents listed on Schedule 1.5(a) hereto. AGREEMENT --------- NOW, THEREFORE, in consideration of the foregoing and the mutual covenants and agreements herein contained, and intending to be legally bound hereby, the Sellers, Hanover and Purchaser hereby agree as follows: 1. Section 1.1 of the Purchase Agreement is amended and restated to read in its entirety as follows: 1.1 Purchase and Sale. Subject to the terms and conditions hereof, ----------------- Purchaser and/or one or more of its Affiliates shall purchase: (i) 100% of the issued and outstanding shares (the "POC Shares") of the capital stock ---------- of Production Operators Corporation, a Delaware corporation ("POC"), from --- CII, (ii) a 35.5% equity interest in and a $7,952,000 loan to (the "Harwat ------ Interest") Harwat International Finance N.V., a Curacao limited liability -------- company ("Harwat"), from SOHL, (iii) a 30% equity interest in and a ------ $79,185,000 loan to ("WilPro Interest") WilPro Energy Service (PIGAP II) --------------- Limited, a Cayman Islands company ("WilPro"), from Surenco, and (iv) the ------ contracts and other assets of Operational Services, Inc.'s Mechanical Services Group listed on Exhibit 1.1A (the "OSI Assets"). In addition, ------------ ---------- STC, SOHL and Purchaser shall enter into the Alliance Agreement. The consummation of the transactions contemplated in this Section 1.1 shall be ----------- referred to herein as the "Closing". {PAGE} 2. Section 1.2(a) of the Purchase Agreement is amended and restated to read in its entirety as follows: (a) Subject to the terms and conditions hereof, and subject to the adjustments specified in Section 1.3 hereof, the aggregate amount (the "Aggregate Purchase Price") paid by Hanover for the Schlumberger Equity Interests, the OSI Assets, and the Alliance Agreement, which shall be allocated by the Parties in accordance with Section 1.2(c), shall consist of: (i) the following amounts paid at Closing: (A) Two Hundred Seventy Million Dollars ($270,000,000) in cash, (B) One Hundred Fifty Million Dollars ($150,000,000) in the form of a subordinated promissory note having the terms set forth on the Term Sheet attached hereto as Exhibit 1.2 (the "Hanover Note") and (C) a number of shares of Hanover common stock ("Hanover Stock") having a value (without giving effect to any restrictions on transfer) of Two Hundred Eighty Three Million Dollars ($283,000,000), as provided in Section 1.2(b), and (ii) upon any draw down on a financing of the PIGAP II project owned by WilPro, the net amount of the draw down multiplied by 30% until an aggregate of Fifty Eight Million Dollars ($58,000,000) in cash has been paid to Surenco. 3. Section 4.11 of the Purchase Agreement is amended and restated to read 246916	Hanover Hanover Compression LP ( Rental & Leasing ) As referenced in this Purchase Agreement [Amendment No. 1]: HANOVER COMPRESSION LIMITED PARTNERSHIP, – together ---- with STC, CII and Surenco, each a "Seller" and, collectively, the "Sellers" or ------ ------- "Schlumberger"), HANOVER COMPRESSOR COMPANY, a Delaware corporation ("Hanover"), ------------ ------- and HANOVER COMPRESSION LIMITED PARTNERSHIP, a Delaware limited partnership ("Purchaser"). Terms used and not defined herein shall have the meanings --------- assigned to them in the Purchase Agreement _____________ dt 100597 ; HCC Hanover Compressor Co. ( Rental & Leasing ) As referenced in this Purchase Agreement [Amendment No. 1]: HANOVER COMPRESSOR – together ---- with STC, CII and Surenco, each a "Seller" and, collectively, the "Sellers" or ------ ------- "Schlumberger"), HANOVER COMPRESSOR COMPANY, a Delaware corporation ("Hanover"), ------------ ------- and HANOVER COMPRESSION LIMITED PARTNERSHIP, a Delaware limited partnership ("Purchaser"). _____________ HANOVER COMPRESSOR – S.A. CORPORATION By: ____________________________ By: ________________________________ Name: __________________________ Name: ______________________________ Title: _________________________ Title: _____________________________ HANOVER COMPRESSOR COMPANY SCHLUMBERGER OILFIELD HOLDINGS LTD. By: ____________________________ By: ________________________________ Name: __________________________ Name: ______________________________ Title: _________________________ _____________ dt 75039 ; Schlumberger Schlumberger Technology Corp. ( Miscellany ) As referenced in this Purchase Agreement [Amendment No. 1]: SCHLUMBERGER TECHNOLOGY CORP – PURCHASE AGREEMENT THIS AMENDMENT NO. 1 TO PURCHASE AGREEMENT (the "Amendment") is dated as of --------- August 30, 2001 and is by and among SCHLUMBERGER TECHNOLOGY CORP ORATION, a Texas corporation ("STC"), CAMCO INTERNATIONAL INC., a Delaware corporation ("CII"), --- --- SCHLUMBERGER SURENCO S.A., a Panamanian company ("Surenco"), and SCHLUMBERGER ------- OILFIELD _____________ dt 99948 ;	Camco International Inc.; Schlumberger Surenco S.A.; Schlumberger Oilfield Holdings Ltd.
$69	Preview Full Doc	2001	Purchase Agreement Purchase Agreement (261K) Doc #246920: Click preview link for longer preview. PURCHASE AGREEMENT AMONG SCHLUMBERGER TECHNOLOGY CORPORATION ("STC") SCHLUMBERGER OILFIELD HOLDINGS LIMITED ("SOHL") SCHLUMBERGER SURENCO S.A. ("SURENCO") CAMCO INTERNATIONAL INC. ("CII") HANOVER COMPRESSOR COMPANY ("HANOVER") AND HANOVER COMPRESSION LIMITED PARTNERSHIP ("PURCHASER") {Page} PURCHASE AGREEMENT THIS PURCHASE AGREEMENT is entered into on the 28th day of June, 2001, among SCHLUMBERGER TECHNOLOGY CORPORATION, a Texas corporation ("STC"), CAMCO INTERNATIONAL INC., a Delaware company ("CII"), SCHLUMBERGER SURENCO S.A., a Panamanian company ("SURENCO"), and SCHLUMBERGER OILFIELD HOLDINGS LTD., a British Virgin Islands company ("SOHL" and together with STC, CII and Surenco, each a "SELLER" and, collectively, the "SELLERS" or "SCHLUMBERGER"), HANOVER COMPRESSOR COMPANY, a Delaware corporation ("HANOVER"), and HANOVER COMPRESSION LIMITED PARTNERSHIP, a Delaware limited partnership ("PURCHASER"), all of which are sometimes herein referred to as the "Parties" and one of which is referred to as a "Party". WHEREAS, subject to the terms and conditions set forth herein, the Parties desire to effect: (i) the purchase by Purchaser and/or its Affiliates, and the sale by each of the Sellers of their respective interests in the gas compression business of the Schlumberger group of companies, the composition of which is more fully described below, and (ii) the entry by Hanover, SOHL or its designee, and STC into a strategic alliance as more fully described below (together, the "TRANSACTION"). NOW, THEREFORE, in consideration of the premises and the mutual promises herein contained, Purchaser, Hanover, and each Seller separately agree as follows: ARTICLE I PURCHASE AND SALE 1.1 PURCHASE AND SALE. Subject to the terms and conditions hereof, Purchaser and/or one or more of its Affiliates shall purchase: (i) 100% of the issued and outstanding shares (the "POC SHARES") of the capital stock of Production Operators Corporation, a Delaware corporation ("POC"), from CII, (ii) a 35.5% equity interest in and a $7,952,000 loan to (the "HARWAT INTEREST") Harwat International Finance N.V., a Curacao limited liability company ("HARWAT"), from SOHL, (iii) a 30% equity interest in and a $79,185,000 loan to ("WILPRO INTEREST") WilPro Energy Service (PIGAP II) Limited, a Cayman Islands company ("WILPRO"), from Surenco, (iv) the contracts and other assets of Operational Services, Inc.'s Mechanical Services Group listed on EXHIBIT 1.1A (the "OSI ASSETS") and (v) the contracts and other assets of STC relating to the Rocky Mountain gas processing plant listed on EXHIBIT 1.1B (the "ROCKY MOUNTAIN ASSETS"). In addition, STC, SOHL and Purchaser shall enter into the Alliance Agreement. The consummation of the transactions contemplated in this SECTION 1.1 shall be referred to herein as the "Closing". 1.2 CONSIDERATION/ALLOCATION. (a) Subject to the terms and conditions hereof, and subject to the adjustments specified in SECTION 1.3 hereof, the aggregate amount (the "AGGREGATE PURCHASE PRICE") paid by Hanover for the Schlumberger Equity Interests, the OSI Assets, the Rocky Mountain Assets and the Alliance Agreement, which shall be allocated by the Parties in accordance with SECTION 1.2(c), shall consist of: (i) the following amounts paid at Closing: (A) Two Hundred Seventy Million Dollars ($270,000,000) in cash, (B) One Hundred Fifty Million Dollars 246920	Hanover Hanover Compression LP ( Rental & Leasing ) As referenced in this Purchase Agreement: HANOVER COMPRESSION LIMITED PARTNERSHIP – SCHLUMBERGER TECHNOLOGY CORPORATION ("STC") SCHLUMBERGER OILFIELD HOLDINGS LIMITED ("SOHL") SCHLUMBERGER SURENCO S.A. ("SURENCO") CAMCO INTERNATIONAL INC. ("CII") HANOVER COMPRESSOR COMPANY ("HANOVER") AND HANOVER COMPRESSION LIMITED PARTNERSHIP ("PURCHASER") {Page} PURCHASE AGREEMENT THIS PURCHASE AGREEMENT is entered into on the 28th day of June, 2001, among SCHLUMBERGER TECHNOLOGY CORPORATION, a _____________ HANOVER COMPRESSION LIMITED PARTNERSHIP, – together with STC, CII and Surenco, each a "SELLER" and, collectively, the "SELLERS" or "SCHLUMBERGER"), HANOVER COMPRESSOR COMPANY, a Delaware corporation ("HANOVER"), and HANOVER COMPRESSION LIMITED PARTNERSHIP, a Delaware limited partnership ("PURCHASER"), all of which are sometimes herein referred to as the "Parties" and one of which is referred _____________ Hanover Compression Limited Partnership – Wacker Drive Chicago, Illinois 60606 Attn: Richard S. Meller Telephone: (312) 876-7700 Facsimile: (312) 993-9767 If to Purchaser, addressed as follows: Hanover Compression Limited Partnership 12001 North Houston Rosslyn Houston, Texas 77806 Attention: William S. Goldberg Telephone: (281) 447-8787 Facsimile: (281) 447-0821 with a copy _____________ dt 100600 ; HCC Hanover Compressor Co. ( Rental & Leasing ) As referenced in this Purchase Agreement: HANOVER COMPRESSOR – STC") SCHLUMBERGER OILFIELD HOLDINGS LIMITED ("SOHL") SCHLUMBERGER SURENCO S.A. ("SURENCO") CAMCO INTERNATIONAL INC. ("CII") HANOVER COMPRESSOR COMPANY ("HANOVER") AND HANOVER COMPRESSION LIMITED PARTNERSHIP ("PURCHASER") {Page} PURCHASE AGREEMENT THIS PURCHASE AGREEMENT is _____________ HANOVER COMPRESSOR – together with STC, CII and Surenco, each a "SELLER" and, collectively, the "SELLERS" or "SCHLUMBERGER"), HANOVER COMPRESSOR COMPANY, a Delaware corporation ("HANOVER"), and HANOVER COMPRESSION LIMITED PARTNERSHIP, a Delaware limited partnership ("PURCHASER"), _____________ Hanover Compressor – Fenske Telephone: (512) 457-7145 Facsimile: (512) 457-7001 If to Hanover, addressed as follows: Hanover Compressor Company 12001 North Houston Rosslyn Houston, Texas 77806 Attention: William S. Goldberg Telephone: (281) 447- _____________ HANOVER COMPRESSOR – __________________, 2001. SCHLUMBERGER TECHNOLOGY SCHLUMBERGER SURENCO S.A. CORPORATION By: By: -------------------------------- ------------------------------------ Name: Name: ------------------------------ ---------------------------------- Title: Title: ----------------------------- --------------------------------- HANOVER COMPRESSOR COMPANY SCHLUMBERGER OIL FIELD HOLDINGS LTD. By: By: -------------------------------- ------------------------------------ Name: Name: ------------------------------ ---------------------------------- Title: Title: ----------------------------- --------------------------------- HANOVER COMPRESSION LIMITED _____________ dt 75043 ; Schlumberger Schlumberger Technology Corp. ( Miscellany ) As referenced in this Purchase Agreement: SCHLUMBERGER TECHNOLOGY CORP – {DOCUMENT} {TYPE}EX-1 {SEQUENCE}3 {FILENAME}a2059034zex-1.txt {DESCRIPTION}EXHIBIT 1 {TEXT} {Page} PURCHASE AGREEMENT AMONG SCHLUMBERGER TECHNOLOGY CORP ORATION ("STC") SCHLUMBERGER OILFIELD HOLDINGS LIMITED ("SOHL") SCHLUMBERGER SURENCO S.A. ("SURENCO") CAMCO INTERNATIONAL INC. ("CII") HANOVER COMPRESSOR COMPANY ("HANOVER") AND HANOVER COMPRESSION _____________ SCHLUMBERGER TECHNOLOGY CORP – AND HANOVER COMPRESSION LIMITED PARTNERSHIP ("PURCHASER") {Page} PURCHASE AGREEMENT THIS PURCHASE AGREEMENT is entered into on the 28th day of June, 2001, among SCHLUMBERGER TECHNOLOGY CORP ORATION, a Texas corporation ("STC"), CAMCO INTERNATIONAL INC., a Delaware company ("CII"), SCHLUMBERGER SURENCO S.A., a Panamanian company ("SURENCO"), and SCHLUMBERGER OILFIELD _____________ Schlumberger Technology Corp – conditions of the Schlumberger DSPP. (c) Effective as of the Closing Date, the POC Companies shall cease to be participating employers in the Schlumberger Technology Corp oration Pension Plan (the "STC Pension Plan"), the Schlumberger Technology Corporation Restoration Savings Plan, and the Schlumberger Technology Corporation Supplementary Benefit Plan (collectively, _____________ Schlumberger Technology Corp – Closing Date, the POC Companies shall cease to be participating employers in the Schlumberger Technology Corporation Pension Plan (the "STC Pension Plan"), the Schlumberger Technology Corp oration Restoration Savings Plan, and the Schlumberger Technology Corporation Supplementary Benefit Plan (collectively, the "Seller Retirement Plans"), and as of such date all _____________ Schlumberger Technology Corp – be participating employers in the Schlumberger Technology Corporation Pension Plan (the "STC Pension Plan"), the Schlumberger Technology Corporation Restoration Savings Plan, and the Schlumberger Technology Corp oration Supplementary Benefit Plan (collectively, the "Seller Retirement Plans"), and as of such date all employees of the POC Companies shall cease to _____________ dt 99950 ;	Goldman, Sachs Goldman, Sachs & Co. ( Investment Services ) As referenced in this Purchase Agreement: Goldman, Sachs – rights and to general equity principles. 3.4 BROKERS. Except for GKH Partners, L.P., Goldman, Sachs & Co. and J.P. Morgan Securities Inc., the fees and expenses of which shall _____________ dt 73450 ; J.P. Morgan J.P. Morgan Securities Inc. ( Financial ) As referenced in this Purchase Agreement: J.P. Morgan Securities – to or affecting creditor rights and to general equity principles. 3.4 BROKERS. Except for GKH Partners, L.P., Goldman, Sachs & Co. and J.P. Morgan Securities Inc., the fees and expenses of which shall be the responsibility of Purchaser, no broker or investment banker acting on behalf of Hanover _____________ dt 98458 ; More...
$33	Preview Full Doc	2001	Purchase Agreement [Amendment No. 1] Purchase Agreement [Amendment No. 1] (12K) Doc #246922: Click preview link for longer preview. AMENDMENT NO. 1 TO PURCHASE AGREEMENT THIS AMENDMENT NO. 1 TO PURCHASE AGREEMENT (the "AMENDMENT") is dated as of August 30, 2001 and is by and among SCHLUMBERGER TECHNOLOGY CORPORATION, a Texas corporation ("STC"), CAMCO INTERNATIONAL INC., a Delaware corporation ("CII"), SCHLUMBERGER SURENCO S.A., a Panamanian company ("SURENCO"), and SCHLUMBERGER OILFIELD HOLDINGS LTD., a British Virgin Islands company ("SOHL" and together with STC, CII and Surenco, each a "SELLER" and, collectively, the "SELLERS" or "SCHLUMBERGER"), HANOVER COMPRESSOR COMPANY, a Delaware corporation ("HANOVER"), and HANOVER COMPRESSION LIMITED PARTNERSHIP, a Delaware limited partnership ("PURCHASER"). Terms used and not defined herein shall have the meanings assigned to them in the Purchase Agreement dated June 28, 2001, by and among STC, CII, Surenco, SOHL, Hanover and Purchaser (the "PURCHASE AGREEMENT"). RECITALS A. WHEREAS, the Sellers, Hanover and Purchaser entered into the Purchase Agreement on June 28, 2001; and B. WHEREAS, the Sellers, Hanover and Purchaser desire to amend the Purchase Agreement as set forth in this Amendment to reflect their agreement to exclude the Rocky Mountain Assets from the transaction and to reference their agreement regarding the contracts and other documents listed on Schedule 1.5(a) hereto. AGREEMENT NOW, THEREFORE, in consideration of the foregoing and the mutual covenants and agreements herein contained, and intending to be legally bound hereby, the Sellers, Hanover and Purchaser hereby agree as follows: 1. Section 1.1 of the Purchase Agreement is amended and restated to read in its entirety as follows: 1.1 PURCHASE AND SALE. Subject to the terms and conditions hereof, Purchaser and/or one or more of its Affiliates shall purchase: (i)100% of the issued and outstanding shares (the "POC SHARES") of the capital stock of Production Operators Corporation, a Delaware corporation ("POC"), from CII, (ii) a 35.5% equity interest in and a $7,952,000 loan to (the "HARWAT INTEREST") Harwat International Finance N.V., a Curacao limited liability company ("HARWAT"), from SOHL, (iii)a 30% equity interest in and a $79,185,000 loan to ("WILPRO INTEREST") WilPro Energy Service (PIGAPII) Limited, a Cayman Islands company ("WILPRO"), from Surenco, and (iv)the contracts and other assets of Operational Services, Inc.'s Mechanical Services Group listed on Exhibit1.1A (the "OSI ASSETS"). In addition, STC, SOHL and Purchaser shall enter into the Alliance Agreement. The consummation of the transactions contemplated in this Section1.1 shall be referred to herein as the "Closing". {Page} 2. Section 1.2(a) of the Purchase Agreement is amended and restated to read in its entirety as follows: (a) Subject to the terms and conditions hereof, and subject to the adjustments specified in Section1.3 hereof, the aggregate amount (the "Aggregate Purchase Price") paid by Hanover for the Schlumberger Equity Interests, the OSI Assets, and the Alliance Agreement, which shall be allocated by the Parties in accordance with Section1.2(c), shall consist of: (i)the following amounts paid at Closing: (A)Two Hundred Seventy Million Dollars ($270,000,000) in cash, (B)One Hundred Fifty Million Dollars ($150,000,000) in the form of a subordinated promissory note having the terms set forth on the Term Sheet attached hereto as Exhibit1.2 (the "Hanover Note") and (C)a number of shares of Hanover common stock ("Hanover Stock") having a value (without giving effect to any restrictions on transfer) of Two Hundred Eighty Three Million Dollars ($283,000,000), as provided in Section1.2(b), and (ii)upon any draw down on a financing of the PIGAPII project owned by WilPro, the net amount of the draw down multiplied by 30% until an aggregate of Fifty Eight Million Dollars($58,000,000) in cash has been paid to Surenco. 3. Section 4.11 of the Purchase Agreement is amended and restated to read in its entirety as follows: 4.11 SALE OF OSI ASSETS. Sellers agree that Sellers and/or one of their Affiliates shall sell the OSI Assets to Purchaser 246922	Hanover Hanover Compression LP ( Rental & Leasing ) As referenced in this Purchase Agreement [Amendment No. 1]: HANOVER COMPRESSION LIMITED PARTNERSHIP, – together with STC, CII and Surenco, each a "SELLER" and, collectively, the "SELLERS" or "SCHLUMBERGER"), HANOVER COMPRESSOR COMPANY, a Delaware corporation ("HANOVER"), and HANOVER COMPRESSION LIMITED PARTNERSHIP, a Delaware limited partnership ("PURCHASER"). Terms used and not defined herein shall have the meanings assigned to them in the Purchase Agreement _____________ HANOVER COMPRESSION LIMITED PARTNERSHIP – Title: ______________________________ Title: ______________________________ HANOVER COMPRESSOR COMPANY SCHLUMBERGER OILFIELD HOLDINGS LTD. By: ________________________________ By: ________________________________ Name: ______________________________ Name: ______________________________ Title: ______________________________ Title: ______________________________ HANOVER COMPRESSION LIMITED PARTNERSHIP CAMCO INTERNATIONAL, INC. By: ________________________________ By: ________________________________ Name: ______________________________ Name: ______________________________ Title: ______________________________ Title: ______________________________ {/TEXT} {/DOCUMENT} _____________ dt 100602 ; HCC Hanover Compressor Co. ( Rental & Leasing ) As referenced in this Purchase Agreement [Amendment No. 1]: HANOVER COMPRESSOR – together with STC, CII and Surenco, each a "SELLER" and, collectively, the "SELLERS" or "SCHLUMBERGER"), HANOVER COMPRESSOR COMPANY, a Delaware corporation ("HANOVER"), and HANOVER COMPRESSION LIMITED PARTNERSHIP, a Delaware limited partnership ("PURCHASER"). _____________ HANOVER COMPRESSOR – SURENCO S.A. By: ________________________________ By: ________________________________ Name: ______________________________ Name: ______________________________ Title: ______________________________ Title: ______________________________ HANOVER COMPRESSOR COMPANY SCHLUMBERGER OILFIELD HOLDINGS LTD. By: ________________________________ By: ________________________________ Name: ______________________________ Name: ______________________________ Title: ______________________________ _____________ dt 75045 ; Schlumberger Schlumberger Technology Corp. ( Miscellany ) As referenced in this Purchase Agreement [Amendment No. 1]: SCHLUMBERGER TECHNOLOGY CORP – PURCHASE AGREEMENT THIS AMENDMENT NO. 1 TO PURCHASE AGREEMENT (the "AMENDMENT") is dated as of August 30, 2001 and is by and among SCHLUMBERGER TECHNOLOGY CORP ORATION, a Texas corporation ("STC"), CAMCO INTERNATIONAL INC., a Delaware corporation ("CII"), SCHLUMBERGER SURENCO S.A., a Panamanian company ("SURENCO"), and SCHLUMBERGER OILFIELD _____________ SCHLUMBERGER TECHNOLOGY CORP – Page Follows] 4 {Page} IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed and delivered on August 30, 2001. SCHLUMBERGER TECHNOLOGY CORP ORATION SCHLUMBERGER SURENCO S.A. By: ________________________________ By: ________________________________ Name: ______________________________ Name: ______________________________ Title: ______________________________ Title: ______________________________ HANOVER COMPRESSOR COMPANY SCHLUMBERGER OILFIELD HOLDINGS _____________ dt 99952 ;	Camco International Inc.; Schlumberger Surenco S.A.; Schlumberger Oilfield Holdings Ltd.
$85	Preview Full Doc	2001	Purchase Agreement Purchase Agreement (252K) Doc #246924: Click preview link for longer preview. PURCHASE AGREEMENT AMONG SCHLUMBERGER TECHNOLOGY CORPORATION ("STC") SCHLUMBERGER OILFIELD HOLDINGS LIMITED ("SOHL") SCHLUMBERGER SURENCO S.A. ("SURENCO") CAMCO INTERNATIONAL INC. ("CII") HANOVER COMPRESSOR COMPANY ("HANOVER") AND HANOVER COMPRESSION LIMITED PARTNERSHIP ("Purchaser") {PAGE} TABLE OF CONTENTS Page ---- ARTICLE I PURCHASE AND SALE...................................................1 1.1 Purchase and Sale................................................1 1.2 Consideration/Allocation.........................................1 1.3 Purchase Price Adjustment........................................2 1.4 Excluded Assets..................................................5 1.5 Excluded Liabilities.............................................5 1.6 Contract Assignments.............................................5 1.7 PIGAP Put; Priority of Set-Off by Schlumberger...................6 ARTICLE II REPRESENTATIONS AND WARRANTIES OF SELLERS..........................7 2.1 Organization.....................................................7 2.2 Capitalization; Seller's Ownership of POC Companies and Interest in Joint Venture Companies..............................8 2.3 Authority of Sellers.............................................9 2.4 No Conflict/Consents.............................................9 2.5 Books and Records...............................................10 2.6 Personal Property...............................................10 2.7 Real Property...................................................10 2.8 No Undisclosed Liabilities......................................11 2.9 Accounts Receivable.............................................11 2.10 Intellectual Property...........................................11 2.11 Financial Statements............................................12 2.12 No Material Adverse Change......................................12 2.13 Absence of Certain Changes and Events...........................12 2.14 Taxes...........................................................14 2.15 Litigation......................................................17 2.16 ERISA and Related Matters.......................................17 2.17 Material Contracts..............................................19 2.18 Brokers.........................................................21 2.19 Insurance.......................................................21 2.20 Employees.......................................................21 2.21 Environmental...................................................22 2.22 Environmental Permits...........................................23 2.23 Affiliate Transactions..........................................23 2.24 Compliance with Law; Authorizations.............................23 2.25 No Other Representations or Warranties..........................23 2.26 Securities; Resale..............................................23 2.27 Sufficiency of Assets...........................................24 ARTICLE III REPRESENTATIONS AND WARRANTIES OF HANOVER AND PURCHASER..........24 3.1 Organization....................................................24 3.2 Capitalization..................................................24 -i- {PAGE} TABLE OF CONTENTS (continued) Page ---- 3.3 Authority of Hanover and Purchaser..............................25 3.4 Brokers.........................................................25 3.5 Hanover SEC Filings; Financial Statements; Absence of Certain Changes.................................................25 3.6 No Conflict; Consents...........................................26 3.7 No Undisclosed Liabilities......................................26 3.8 No Material Adverse Change......................................26 3.9 Absence of Certain Changes and Events...........................27 3.10 Taxes...........................................................27 3.11 Litigation......................................................27 3.12 ERISA and Related Matters.......................................27 3.13 Environmental...................................................28 3.14 Compliance with Law; Authorizations.............................28 3.15 Securities/Resale...............................................28 3.16 No Other Representations or Warranties..........................28 ARTICLE IV COVENANTS OF SELLER...............................................29 4.1 Corporate and Other Actions.....................................29 4.2 Full Access.....................................................29 4.3 Ordinary Course of Business.....................................29 4.4 Filings and Consents............................................29 4.5 Employment Matters..............................................30 4.6 Covenant Not to Compete.........................................30 4.7 Cooperation with SEC Filings; Financing.........................31 4.8 Transition Services Agreement...................................31 4.9 Alliance Agreement..............................................31 4.10 Registration Rights Agreement...................................31 4.11 Sale of OSI Assets and Rocky Mountain Assets....................31 ARTICLE V COVENANTS OF HANOVER AND PURCHASER.................................32 5.1 Corporate and Other Actions.....................................32 5.2 Benefit Plans...................................................32 5.3 Full Access.....................................................34 5.4 Filings and Consents............................................34 5.5 Directors' and Officers' Insurance..............................34 5.6 Use of Schlumberger Name........................................34 5.7 Registration Rights Agreement...................................34 5.8 Alliance Agreement..............................................35 5.9 Hanover Board Seat..............................................35 5.10 Hanover Guarantees..............................................35 5.11 Schlumberger Guarantee..........................................35 5.12 Purchase of WilPro Energy Services (GUARA) Ltd..................36 5.13 Purchase of OSI Mechanical Services Group and Rocky Mountain Gas Contracts..........................................36 5.14 Options for YME Assets..........................................36 -ii- {PAGE} TABLE OF CONTENTS (continued) Page ---- 5.15 Designation of Purchasing Entities..............................36 ARTICLE VI CONDITIONS PRECEDENT TO OBLIGATIONS OF PURCHASER..................36 6.1 Warranties True As of Both Present Date and the Closing Date............................................................36 6.2 Compliance with Agreements and Covenants........................37 6.3 Competition Law Approvals.......................................37 6.4 Injunctions.....................................................37 6.5 Deliveries by Sellers...........................................37 6.6 Consents........................................................37 6.7 Inter-Company Obligations.......................................37 6.8 Hanover Share Price.............................................37 6.9 Camco Mexico Contract...........................................37 ARTICLE VII CONDITIONS PRECEDENT TO OBLIGATIONS OF SELLERS...................38 7.1 Warranties True as of Both Present Date and the Applicable Closing Date.........................................38 7.2 Compliance with Agreements and Covenants........................38 7.3 Competition Law Approvals.......................................38 7.4 Injunctions.....................................................38 7.5 Deliveries by Purchaser.........................................38 7.6 Consents........................................................38 7.7 Hanover Share Price.............................................38 ARTICLE VIII CLOSING.........................................................39 8.1 Closing.........................................................39 8.2 Sellers' Deliveries.............................................39 8.3 Purchaser's Deliveries..........................................40 8.4 Termination.....................................................42 ARTICLE IX SURVIVAL AND INDEMNIFICATION......................................42 9.1 Survival........................................................42 9.2 Indemnification by Sellers (other than for Tax Matters).........42 9.3 Indemnification by Purchaser (other than for Tax Matters).......43 9.4 Limitations on Liability of Seller..............................44 9.5 Notice of Third Party Claims; Assumption of Defense.............45 9.6 Settlement or Compromise........................................45 9.7 Nature of Seller's and Purchaser's Representations, Warranties, Covenants, and Indemnification Obligations..........46 9.8 Tax Indemnification.............................................46 9.9 Time Limits.....................................................49 9.10 Net Losses......................................................49 9.11 Purchase Price Adjustments......................................49 9.12 Remedial Action.................................................49 ARTICLE X TAX MATTERS........................................................50 10.1 Section 338(h)(10) Elections...................................50 -iii- {PAGE} TABLE OF CONTENTS (continued) Page ---- 10.2 Other Tax Matters..............................................53 ARTICLE XI MISCELLANEOUS.....................................................55 11.1 Expenses.......................................................55 11.2 Amendment......................................................55 11.3 Notices........................................................55 11.4 Waivers........................................................57 11.5 Counterparts...................................................57 11.6 Headings.......................................................57 11.7 Applicable Law.................................................57 11.8 Assignment.....................................................58 11.9 No Third Party Beneficiaries...................................58 11.10 Forum; Waiver of Jury Trial....................................58 11.11 Schedules......................................................58 11.12 Incorporation..................................................58 11.13 Complete Agreement.............................................58 11.14 Disclaimer.....................................................58 11.15 Knowledge Defined..............................................59 11.16 Public Announcements...........................................59 11.17 Defined Terms..................................................59 11.18 Currency.......................................................59 11.19 Restrictive Legends and Stop-Transfer Orders...................59 11.20 Specific Performance...........................................60 11.21 Further Assurances.............................................60 11.22 Severability...................................................60 -iv- {PAGE} PURCHASE AGREEMENT THIS PURCHASE AGREEMENT is entered into on the 28th day of June, 2001, among SCHLUMBERGER TECHNOLOGY CORPORATION, a Texas corporation ("STC"), CAMCO INTERNATIONAL INC., a Delaware company ("CII"), SCHLUMBERGER SURENCO S.A., a Panamanian company ("Surenco"), and SCHLUMBERGER OILFIELD HOLDINGS LTD., a British Virgin Islands company ("SOHL" and together with STC, CII and Surenco, each a "Seller" and, collectively, the "Sellers" or "Schlumberger"), HANOVER COMPRESSOR COMPANY, a Delaware corporation ("Hanover"), and HANOVER COMPRESSION LIMITED PARTNERSHIP, a Delaware limited partnership ("Purchaser"), all of which are sometimes herein referred to as the "Parties" and one of which is referred to as a "Party". WHEREAS, subject to the terms and conditions set forth herein, the Parties desire to effect: (i) the purchase by Purchaser and/or its Affiliates, and the sale by each of the Sellers of their respective interests in the gas compression business of the Schlumberger group of companies, the composition of which is more fully described below, and (ii) the entry by Hanover, SOHL or its designee, and STC into a strategic alliance as more fully described below (together, the "Transaction"). NOW, THEREFORE, in consideration of the premises and the mutual promises herein contained, Purchaser, Hanover, and each Seller separately agree as follows: ARTICLE I PURCHASE AND SALE 1.1 Purchase and Sale. Subject to the terms and conditions hereof, Purchaser and/or one or more of its Affiliates shall purchase: (i) 100% of the issued and outstanding shares (the "POC Shares") of the capital stock of Production Operators Corporation, a Delaware corporation ("POC"), from CII, (ii) a 35.5% equity interest in and a $7,952,000 loan to (the "Harwat Interest") Harwat International Finance N.V., a Curacao limited liability company ("Harwat"), from SOHL, (iii) a 30% equity interest in and a $79,185,000 loan to ("WilPro Interest") WilPro Energy Service (PIGAP II) Limited, a Cayman Islands company ("WilPro"), from Surenco, (iv) the contracts and other assets of Operational Services, Inc.'s Mechanical Services Group listed on Exhibit 1.1A (the "OSI Assets") and (v) the contracts and other assets of STC relating to the Rocky Mountain gas processing plant listed on Exhibit 1.1B (the "Rocky Mountain Assets"). In addition, STC, SOHL and Purchaser shall enter into the Alliance Agreement. The consummation of the transactions contemplated in this Section 1.1 shall be referred to herein as the "Closing". 1.2 Consideration/Allocation. (a) Subject to the terms and conditions hereof, and subject to the adjustments specified in Section 1.3 hereof, the aggregate amount (the "Aggregate Purchase Price") paid by Hanover for the Schlumberger Equity Interests, the OSI Assets, the Rocky Mountain Assets and the Alliance Agreement, which shall be allocated by the Parties in accordance with Section 1.2(c), shall consist of: (i) the following amounts paid at Closing: (A) Two Hundred Seventy Million Dollars ($270,000,000) in cash, (B) One Hundred Fifty Million Dollars 246924	Hanover Hanover Compression LP ( Rental & Leasing ) As referenced in this Purchase Agreement: HANOVER COMPRESSION LIMITED PARTNERSHIP – SCHLUMBERGER TECHNOLOGY CORPORATION ("STC") SCHLUMBERGER OILFIELD HOLDINGS LIMITED ("SOHL") SCHLUMBERGER SURENCO S.A. ("SURENCO") CAMCO INTERNATIONAL INC. ("CII") HANOVER COMPRESSOR COMPANY ("HANOVER") AND HANOVER COMPRESSION LIMITED PARTNERSHIP ("Purchaser") {PAGE} TABLE OF CONTENTS Page ---- ARTICLE I PURCHASE AND SALE...................................................1 1.1 Purchase and Sale................................................1 1.2 Consideration/Allocation......................................... _____________ HANOVER COMPRESSION LIMITED PARTNERSHIP, – together with STC, CII and Surenco, each a "Seller" and, collectively, the "Sellers" or "Schlumberger"), HANOVER COMPRESSOR COMPANY, a Delaware corporation ("Hanover"), and HANOVER COMPRESSION LIMITED PARTNERSHIP, a Delaware limited partnership ("Purchaser"), all of which are sometimes herein referred to as the "Parties" and one of which is referred _____________ Hanover Compression Limited Partnership – Wacker Drive Chicago, Illinois 60606 Attn: Richard S. Meller Telephone: (312) 876-7700 Facsimile: (312) 993-9767 If to Purchaser, addressed as follows: Hanover Compression Limited Partnership 12001 North Houston Rosslyn Houston, Texas 77806 Attention: William S. Goldberg Telephone: (281) 447-8787 Facsimile: (281) 447-0821 with a copy _____________ dt 100604 ; HCC Hanover Compressor Co. ( Rental & Leasing ) As referenced in this Purchase Agreement: HANOVER COMPRESSOR – STC") SCHLUMBERGER OILFIELD HOLDINGS LIMITED ("SOHL") SCHLUMBERGER SURENCO S.A. ("SURENCO") CAMCO INTERNATIONAL INC. ("CII") HANOVER COMPRESSOR COMPANY ("HANOVER") AND HANOVER COMPRESSION LIMITED PARTNERSHIP ("Purchaser") {PAGE} TABLE OF CONTENTS Page ---- ARTICLE I _____________ HANOVER COMPRESSOR – together with STC, CII and Surenco, each a "Seller" and, collectively, the "Sellers" or "Schlumberger"), HANOVER COMPRESSOR COMPANY, a Delaware corporation ("Hanover"), and HANOVER COMPRESSION LIMITED PARTNERSHIP, a Delaware limited partnership ("Purchaser"), _____________ Hanover Compressor – Fenske Telephone: (512) 457-7145 Facsimile: (512) 457-7001 If to Hanover, addressed as follows: Hanover Compressor Company 12001 North Houston Rosslyn Houston, Texas 77806 Attention: William S. Goldberg Telephone: (281) 447- _____________ HANOVER COMPRESSOR – By: /s/ Brendan Connolly ------------------------------ ------------------------------ Name: Peter G. Spade Name: Brendan Connolly ---------------------------- ---------------------------- Title: Vice President Title: --------------------------- --------------------------- HANOVER COMPRESSOR COMPANY SCHLUMBERGER OILFIELD HOLDINGS LTD. By: /s/ Illegible Signature By: /s/ Joseph Kantarjian ------------------------------ ------------------------------ Name: Name: _____________ dt 75047 ; Schlumberger Schlumberger Technology Corp. ( Miscellany ) As referenced in this Purchase Agreement: SCHLUMBERGER TECHNOLOGY CORP – {DOCUMENT} {TYPE}EX-10.63 {SEQUENCE}3 {FILENAME}dex1063.txt {DESCRIPTION}PURCHASE AGREEMENT {TEXT} {PAGE} EXHIBIT 10.63 PURCHASE AGREEMENT AMONG SCHLUMBERGER TECHNOLOGY CORP ORATION ("STC") SCHLUMBERGER OILFIELD HOLDINGS LIMITED ("SOHL") SCHLUMBERGER SURENCO S.A. ("SURENCO") CAMCO INTERNATIONAL INC. ("CII") HANOVER COMPRESSOR COMPANY ("HANOVER") AND HANOVER COMPRESSION _____________ SCHLUMBERGER TECHNOLOGY CORP – 60 11.22 Severability...................................................60 -iv- {PAGE} PURCHASE AGREEMENT THIS PURCHASE AGREEMENT is entered into on the 28th day of June, 2001, among SCHLUMBERGER TECHNOLOGY CORP ORATION, a Texas corporation ("STC"), CAMCO INTERNATIONAL INC., a Delaware company ("CII"), SCHLUMBERGER SURENCO S.A., a Panamanian company ("Surenco"), and SCHLUMBERGER OILFIELD _____________ Schlumberger Technology Corp – conditions of the Schlumberger DSPP. (c) Effective as of the Closing Date, the POC Companies shall cease to be participating employers in the Schlumberger Technology Corp oration Pension Plan (the "STC Pension Plan"), the Schlumberger Technology Corporation Restoration Savings Plan, and the Schlumberger Technology Corporation Supplementary Benefit Plan (collectively, _____________ Schlumberger Technology Corp – Closing Date, the POC Companies shall cease to be participating employers in the Schlumberger Technology Corporation Pension Plan (the "STC Pension Plan"), the Schlumberger Technology Corp oration Restoration Savings Plan, and the Schlumberger Technology Corporation Supplementary Benefit Plan (collectively, the "Seller Retirement Plans"), and as of such date all _____________ Schlumberger Technology Corp – be participating employers in the Schlumberger Technology Corporation Pension Plan (the "STC Pension Plan"), the Schlumberger Technology Corporation Restoration Savings Plan, and the Schlumberger Technology Corp oration Supplementary Benefit Plan (collectively, the "Seller Retirement Plans"), and as of such date all employees of the POC Companies shall cease to _____________ dt 99954 ;	Goldman, Sachs Goldman, Sachs & Co. ( Investment Services ) As referenced in this Purchase Agreement: Goldman, Sachs – rights and to general equity principles. 3.4 Brokers. Except for GKH Partners, L.P., Goldman, Sachs & Co. and J.P. Morgan Securities Inc., the fees and expenses of which shall _____________ dt 73451 ; J.P. Morgan J.P. Morgan Securities Inc. ( Financial ) As referenced in this Purchase Agreement: J.P. Morgan Securities – to or affecting creditor rights and to general equity principles. 3.4 Brokers. Except for GKH Partners, L.P., Goldman, Sachs & Co. and J.P. Morgan Securities Inc., the fees and expenses of which shall be the responsibility of Purchaser, no broker or investment banker acting on behalf of Hanover _____________ dt 98459 ; More...
$63	Preview Full Doc	2006	Purchase Agreement Purchase Agreement (233K) Doc #2684265: Click preview link for longer preview. PURCHASE AGREEMENT BY AND AMONG QUEST MIDSTREAM PARTNERS, L.P. QUEST MIDSTREAM GP, LLC, QUEST RESOURCE CORPORATION, ALERIAN OPPORTUNITY PARTNERS IV, LP, SWANK MLP CONVERGENCE FUND, LP, SWANK INVESTMENT PARTNERS, LP THE CUSHING MLP OPPORTUNITY FUND I, LP, THE CUSHING GP STRATEGIES FUND, LP, . . . 2684265	Hanover Hanover Compression LP ( Rental & Leasing ) As referenced in this Purchase Agreement: Hanover Compression Limited – Equipment Master Rental Agreement, dated January 16, 2004, between Universal Compression, Inc. and Bluestem Pipeline, LLC. 3. Gas Compressor / Production Equipment Master Rental & Servicing Agreement, dated June 24, 2004, between Hanover Compression Limited Partnership and or its affiliate Hanover/Smith Limited Partnership and Bluestem Pipeline, LLC. 4. Agreement for the Sale and Purchase for the Petrolia - Ft. Scott Pipeline (Lines YC, YBA & DI), _____________ dt 1682801 ; Quest Resource Quest Resource Corp. ( Oil & Gas Operations ) As referenced in this Purchase Agreement: Quest Resource Corp. – 3.22. {PAGE} Schedule 3.16 No Default ---------- See the disclosures in Schedule 3.3 with respect to Item 2 only and Schedule 3.22. {PAGE} Schedule 3.19 Insurance --------- Quest Resource Corp. PROPERTY INSURANCE CONTINUED EXTENSIONS OF COVERAGES: 25% of the Building Limit Newly Acquired or Constructed Buildings of Insurance or $500,000 whichever is less. 25% of the Personal Personal _____________ Quest Resource Corp. – Debris Removal $ 5,000 Personal Property In Transit $ 5,000 Valuable Papers and Records $ 5,000 Personal Property of Others $ 5,000 Fire Department Service Charges DEDUCTIBLE: $1,000 {PAGE} Quest Resource Corp. COMMERCIAL GENERAL LIABILITY PROPOSAL OUTLINE COVERAGE WRITTEN ON: Occurrence Form COVERAGE LIMITS --------------------------------------------- -------------- LIABILITY: General Aggregate Limit $2,000,000 Products/Completed Operations Aggregate Limit $1,000,000 Personal/Advertising _____________ Quest Resource Corp. – Products Liability Extended Bodily Injury Liability (Assault and Battery) New Entity Coverage For 90 Days ENDORSEMENTS: Underground Resources Limit $1,000,000 Bodily Injury & Property Damage Deductible $ 2,500 {PAGE} Quest Resource Corp. COMMERCIAL AUTOMOBILE POLICY OUTLINE COVERAGE ------------------------- LIABILITY: Bodily Injury and Property Damage $1,000,000 CSL Ea. Accident Medical Payments $2,000 Each Person Uninsured Motorist $1,000,000 Each _____________ Quest Resource Corp. – Autos Non-Owned Autos Medical Payments: Autos Specified on Schedule Uninsured Motorists: All Owned Autos Underinsured Motorists: Comprehensive: Per Schedule Hired Autos Included Collision: Per Schedule Hired Autos Included {PAGE} Quest Resource Corp. EQUIPMENT FLOATER LIMITS TYPE OF EQUIPMENT DEDUCTIBLE ----------------------------------- ---------------------------------------- Contractor's Equipment Coverage - 5% Deductible with $2,500 Minimum $4,313,341 - Per Schedule & $10,000 Maximum Actual Cash Value UNSCHEDULED _____________ Quest Resource Corp. – AMOUNT OF % CO- DESCRIPTION ITEM AMOUNT INSURANCE INSURANCE ---------------------------- -------------- ------------- --------------- Newly Acquired $100,000 80% Equipment of Others $100,000 80% Rental Expense $ 25,000 80% Employee Tools $ 10,000 80% {PAGE} Quest Resource Corp. UMBRELLA LIABILITY PROPOSAL Insurer: St. Paul Surplus Lines Policy Term: 12/19/05 to 12/19/06 COVERAGE LIMIT PER ---------------------------- ------------- ------------------------- Limit of Liability: $10,000,000 Each Occurrence $10, _____________ dt 1684359 ; A.G. Edwards A.G. Edwards & Sons, Inc. ( Investment Services ) As referenced in this Purchase Agreement: A.G. Edwards & Sons, Inc – similar fees or commissions will be paid to the following parties: 1. Friedman, Billings, Ramsey & Co., Inc.--$4,500,000 2. Johnson Rice & Company L.L.C.--$375,000 3. A.G. Edwards & Sons, Inc .--$375,000 {PAGE} EXHIBIT A 1.1 Definitions. As used in this Agreement, the following terms have the meanings specified or referred to in this Section 1.1: (1) " _____________ dt 1685312 ;	Baker Botts Baker Botts ( Legal ) As referenced in this Purchase Agreement: Baker Botts – 26 - Affiliate Contracts Schedule 3.34 - Brokers' Fee Exhibit A - Definitions; Interpretations Exhibit B - Contribution Agreement Exhibit C - Registration Rights Agreement Exhibit D - Investors' Rights Agreement Exhibit E - Opinion of Baker Botts LLP Exhibit F - Opinion of Stinson Morrison Hecker LLP Exhibit G - Opinion of Schreck Brignone Exhibit H - Midstream Agreement Exhibit I - Omnibus Agreement {PAGE} PURCHASE AGREEMENT This PURCHASE AGREEMENT, dated _____________ Baker Botts – of State of the State of Delaware, each dated a recent date, that each of the Partnership Parties is in good standing; (iii) an opinion addressed to such Buyer from Baker Botts LLP, dated as of the Closing, in the form and substance attached hereto as Exhibit E; (iv) an opinion addressed to such Buyer from Stinson Morrison Hecker LLP, dated as _____________ Baker Botts – amount of cash distributed to such Buyer with respect to such period. 5.11. Tax Opinion. No later than January 30, 2007, Issuer will deliver to Buyers the opinion of Baker Botts to the effect that 90% or more of the gross income of Issuer, based on pro forma income for the nine months ending September 30, 2006, will constitute "qualifying income," _____________ Baker Botts – 29, 2006] {PAGE} EXHIBIT D --------- [Attached as Exhibit 10.2 to the Form 8-K filed by Quest Resource Corporation on December 29, 2006] {PAGE} EXHIBIT E --------- Legal Opinion of Baker Botts BAKER BOTTS LLP December 22, 2006 077617.0102 Alerian Opportunity Partners IV, LP c/o Alerian Opportunity Advisors IV, LLC 45 Rockefeller Plaza, Suite 2000 New York, NY 10111 _____________ BAKER BOTTS – PAGE} EXHIBIT D --------- [Attached as Exhibit 10.2 to the Form 8-K filed by Quest Resource Corporation on December 29, 2006] {PAGE} EXHIBIT E --------- Legal Opinion of Baker Botts BAKER BOTTS LLP December 22, 2006 077617.0102 Alerian Opportunity Partners IV, LP c/o Alerian Opportunity Advisors IV, LLC 45 Rockefeller Plaza, Suite 2000 New York, NY 10111 Swank MLP Convergence _____________ dt 1683591 ; Stinson Morrison Stinson Morrison Hecker ( Legal ) As referenced in this Purchase Agreement: Stinson Morrison Hecker – Fee Exhibit A - Definitions; Interpretations Exhibit B - Contribution Agreement Exhibit C - Registration Rights Agreement Exhibit D - Investors' Rights Agreement Exhibit E - Opinion of Baker Botts LLP Exhibit F - Opinion of Stinson Morrison Hecker LLP Exhibit G - Opinion of Schreck Brignone Exhibit H - Midstream Agreement Exhibit I - Omnibus Agreement {PAGE} PURCHASE AGREEMENT This PURCHASE AGREEMENT, dated as of December 22, 2006 (this "Agreement"), _____________ Stinson Morrison Hecker – the "Indicated Purchase Price." 2.3. Time and Place of Closing. Completion of the transactions referred to in this Article II (the "Closing") will take place at the offices of Stinson Morrison Hecker LLP, 1201 Walnut Street, Kansas City, Missouri on the date hereof. Such date is referred to as the "Closing Date." 2.4. Deliveries at Closing. At the Closing, subject _____________ Stinson Morrison Hecker – to such Buyer from Baker Botts LLP, dated as of the Closing, in the form and substance attached hereto as Exhibit E; (iv) an opinion addressed to such Buyer from Stinson Morrison Hecker LLP, dated as of the Closing, in the form and substance attached hereto as Exhibit F; (v) an opinion addressed to such Buyer from Schreck Brignone, dated as of _____________ Stinson Morrison Hecker – to: Quest Midstream Partners, L.P. 9520 N. May Avenue, Suite 300 Oklahoma City, Oklahoma 73120 Attention: President Telecopy: 405-840-9897 with copies (which shall not constitute notice) to: Stinson Morrison Hecker LLP 1201 Walnut Street, Suite 2900 Kansas City, Missouri 64106-2150 Attention: Patrick J. Respeliers, Esq. Telecopy: 816-691-3495 (b) if to a Buyer, addressed to the address _____________ Stinson Morrison Hecker – Partnership Agreement 3 GP Limited Liability Company Agreement 4. Registration Rights Agreement 5. Investors' Rights Agreement 6. Contribution Agreement 7. Midstream Agreement 8. Omnibus Agreement {PAGE} EXHIBIT F --------- Opinion of Stinson Morrison Hecker LLP [GRAPHIC OMITTED] December 22, 2006 TO: THE OPINION RECIPIENTS LISTED ON SCHEDULE I ATTACHED HERETO Re: Quest Midstream Partners, L.P. Ladies & Gentlemen: We have acted as counsel _____________ dt 1685329