Amendment No. 1 to Contribution Agreement among HH GP Holding, LLC, Equity Financial Services, Inc., and Others

Summary

This amendment, dated September 12, 2006, updates a previous Contribution Agreement among HH GP Holding, LLC, Equity Financial Services, Inc., several trusts, individuals, and other entities. The amendment clarifies the definition of "Total Existing Investors Value" to mean the total number of HPGP Units outstanding after the initial public offering, multiplied by the offering price. All original parties have agreed to this clarification. The amendment ensures the agreement accurately reflects the parties' intentions regarding valuation.

EX-2.3 2 a2173145zex-2_3.htm EX-2.3
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Exhibit 2.3


AMENDMENT NO. 1 TO
CONTRIBUTION AGREEMENT

        This AMENDMENT NO. 1 TO CONTRIBUTION AGREEMENT (this "Amendment") is dated as of September 12, 2006, and is made by and among HH GP Holding, LLC, an Oklahoma limited liability company ("Holding LLC"), Randy Moeder, an individual residing in Enid, Oklahoma ("Mr. Moeder"), Equity Financial Services, Inc., an Oklahoma corporation ("Equity Financial"), Ken Maples, an individual residing in Enid, Oklahoma ("Mr. Maples"), the Harold Hamm DST Trust (the "DST Trust"), the Harold Hamm HJ Trust (the "HJ Trust"), Continental Gas Holdings, Inc., a Delaware corporation ("Continental Holdings"), Hiland Holdings GP, LP, a Delaware limited partnership ("HPGP"), Hiland Partners GP, Inc., a Delaware corporation ("Hiland Partners, Inc.") and Hiland Partners GP Holdings, LLC, a Delaware limited liability company ("Holdings GP"). Holding LLC, Mr. Moeder, Equity Financial, Mr. Maples, the DST Trust, the HJ Trust and Continental Holdings are sometimes referred to herein collectively as the "Existing Investors." Terms that are capitalized but not defined shall have the meanings assigned to such terms in the Contribution Agreement (as defined below).

RECITALS

        WHEREAS, the Existing Investors entered into that certain Contribution Agreement dated as of May 24, 2006 (the "Contribution Agreement"); and

        WHEREAS, the Existing Investors desire to execute this Amendment for purposes of clarifying a mistake in the definition of Total Existing Investors Value.

        NOW, THEREFORE, the defined term Total Existing Investors Value contained in Article I is hereby amended to read in its entirety as follows:

        "Total Existing Investors Value" means the total number of HPGP Units outstanding upon completion of the HPGP Initial Public Offering multiplied by the Initial Public Offering Price.

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        IN WITNESS WHEREOF, the parties to this Amendment No. 1 to the Contribution Agreement have caused it to be duly executed as of September 12, 2006.


 

 

HH GP HOLDING, LLC

 

 

By:

 

/s/  HAROLD HAMM      
    Name:   Harold Hamm
    Title:   Sole Member

 

 

/s/  RANDY MOEDER      
Randy Moeder

 

 

/s/  PATRICIA L. MOEDER      
Patricia L. Moeder

 

 

EQUITY FINANCIAL SERVICES, INC.

 

 

By:

 

/s/  RANDY MOEDER      
    Name:   Randy Moeder
    Title:   President

 

 

/s/  KEN MAPLES      
Ken Maples

 

 

/s/  LISA A. MAPLES      
Lisa A. Maples

 

 

HAROLD HAMM DST TRUST

 

 

By:

 

/s/  BERT MACKIE      
    Name:   Bert Mackie
    Title:   Trustee

 

 

HAROLD HAMM HJ TRUST

 

 

By:

 

/s/  BERT MACKIE      
    Name:   Bert Mackie
    Title:   Trustee
         

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CONTINENTAL GAS HOLDINGS, INC.

 

 

By:

 

/s/  HAROLD HAMM      
    Name:   Harold Hamm
    Title:   Chief Executive Officer and Director

 

 

HILAND HOLDINGS GP, LP

 

 

By:

 

Hiland Partners GP Holdings, LLC

 

 

By:

 

/s/  RANDY MOEDER      
    Name:   Randy Moeder
    Title:   President and Chief Executive Officer

 

 

HILAND PARTNERS GP HOLDINGS, LLC

 

 

By:

 

/s/  RANDY MOEDER      
    Name:   Randy Moeder
    Title:   President and Chief Executive Officer

 

 

HILAND PARTNERS GP, INC.

 

 

By:

 

/s/  RANDY MOEDER      
    Name:   Randy Moeder
    Title:   President and Chief Executive Officer

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AMENDMENT NO. 1 TO CONTRIBUTION AGREEMENT