Exhibit 10.13
Assignment and Assumption
Agreement
This Assignment and Assumption
Agreement (this “Agreement” ) is entered as of
this 1st day of January, 2005 (the “Effective Date”),
by and between Copano/Operations, Inc., a Texas corporation (
“Assignor” ), and CPNO Services, L.P., a
Delaware limited partnership ( “Assignee”
). Assignor and Assignee are sometimes individually referred
to herein as a “Party” or collectively as the
“Parties” .
Assignor is a party to that certain
Employment Agreement effective October 1, 2004, between Assignor
and James J. Gibson, III (the “ Employment Agreement
”);
Pursuant to Section 10.5 of the
Employment Agreement, Assignor desires to assign to Assignee
Assignor’s rights (the “Assigned Rights” )
and obligations (the “Assigned Obligations” )
under the Employment Agreement relating to periods on and after the
Effective Date as set forth below; and
Assignee desires to assume the
Assigned Rights and Assigned Obligations, on and after the
Effective Date;
NOW, THEREFORE, in consideration of the above recitals and the
mutual covenants and agreements set forth