Common use of Limitation of Transactions Subordination Clause in Contracts

Limitation of Transactions Subordination. 12 SECTION 6.1 Limitation of Transactions.................................................... 12 SECTION 6.2 Subordination................................................................. 13 ARTICLE VII TERMINATION.......................................................................... 13 SECTION 7.1 Termination................................................................... 13 ARTICLE VIII INDEMNIFICATION..................................................................... 13 SECTION 8.1 Exculpation................................................................... 13 SECTION 8.2 Indemnification............................................................... 13 SECTION 8.3 Compensation.................................................................. 14 ARTICLE IX MISCELLANEOUS......................................................................... 14 SECTION 9.1 Successors and Assigns........................................................ 14 SECTION 9.2 Amendments.................................................................... 14 ii SECTION 9.3 Notices....................................................................... 14 SECTION 9.4 Benefit....................................................................... 15 SECTION 9.5 Governing Law................................................................. 15 SECTION 9.6 Counterparts.................................................................. 15 PREFERRED SECURITIES GUARANTEE AGREEMENT This GUARANTEE AGREEMENT (the "Preferred Securities Guarantee"), dated as of _________________, is executed and delivered by Devon Energy Corporation, a Delaware corporation (the "Guarantor"), and ________________________, as trustee (the "Preferred Securities Guarantee Trustee"), for the benefit of the Holders (as defined herein) from time to time of the Preferred Securities (as defined herein) of Devon Financing Trust II, a Delaware statutory business trust (the "Issuer").

Limitation of Transactions Subordination. 12 SECTION 15 TABLE OF CONTENTS (continued) Page Section 6.1 Limitation of Transactions.................................................... 12 SECTION ....................................................15 Section 6.2 Subordination................................................................. 13 Ranking.......................................................................16 ARTICLE VII TERMINATION.......................................................................... 13 SECTION ............................................................................16 Section 7.1 Termination................................................................... 13 ...................................................................16 ARTICLE VIII INDEMNIFICATION..................................................................... 13 SECTION ........................................................................16 Section 8.1 Exculpation................................................................... 13 SECTION ...................................................................16 Section 8.2 Indemnification............................................................... 13 SECTION 8.3 Compensation.................................................................. 14 ...............................................................17 ARTICLE IX MISCELLANEOUS......................................................................... 14 SECTION ..........................................................................17 Section 9.1 Successors and Assigns........................................................ 14 SECTION ........................................................17 Section 9.2 Amendments.................................................................... 14 ii SECTION ....................................................................17 Section 9.3 Notices....................................................................... 14 SECTION .......................................................................18 Section 9.4 Benefit....................................................................... 15 SECTION .......................................................................18 Section 9.5 Governing Law................................................................. 15 SECTION 9.6 Counterparts.................................................................. 15 .................................................................18 TRUST PREFERRED SECURITIES GUARANTEE AGREEMENT This THIS TRUST PREFERRED SECURITIES GUARANTEE AGREEMENT (the this "Trust Preferred Securities Guarantee"), dated effective as of _________________June 27, 2002, is executed and delivered by Devon Energy CorporationFlorida Banks, Inc., a Delaware Florida corporation (the "Guarantor"), and ________________________Wells Fargo Bank, National Association, as trustee (the "Preferred Securities Tru▇▇ ▇referred Guarantee Trustee"), for the benefit of the Holders (as defined herein) from time to time of the Trust Preferred Securities (as defined herein) of Devon Financing Florida Banks Capital Trust III, a Delaware statutory business trust (the "IssuerTrust").