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