Exhibit 10.1

 

 

 

THIRD AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT

among

ACCESS MLP OPERATING, L.L.C.,

as the Borrower,

ACCESS MIDSTREAM PARTNERS, L.P.,

as Parent,

WELLS FARGO BANK, NATIONAL ASSOCIATION,

as Administrative Agent,

THE ROYAL BANK OF SCOTLAND plc,

as Syndication Agent,

BANK OF MONTREAL,

COMPASS BANK AND

THE BANK OF NOVA SCOTIA,

as Co-Documentation Agents

and

The Several Lenders from Time to Time Parties Hereto,

Dated as of December 12, 2012

WELLS FARGO SECURITIES, LLC and RBS SECURITIES INC.,

as Joint Lead Arrangers

and

WELLS FARGO SECURITIES, LLC,

as Sole Book Manager

 

 

 

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THIRD AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT

THIS THIRD AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT (herein called the
“Amendment”) dated as of December 12, 2012 among ACCESS MLP OPERATING, L.L.C., a
Delaware limited liability company formerly known as Chesapeake MLP Operating,
L.L.C. (the “Borrower”), ACCESS MIDSTREAM PARTNERS, L.P., a Delaware limited
partnership formerly known as Chesapeake Midstream Partners, L.P. (“Parent”),
WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent (the
“Administrative Agent”), Swing Line Lender, and the Issuing Lender, and the
several banks and other financial institutions or entities from time to time
parties to the Existing Credit Agreement defined below (“Lenders”).

W I T N E S S E T H:

WHEREAS, the Borrower, Parent, Administrative Agent and Lenders entered into
that certain Amended and Restated Credit Agreement dated as of June 10, 2011, as
amended by that certain First Amendment to Amended and Restated Credit Agreement
dated as of December 20, 2011 and as amended by that certain Second Amendment to
Amended and Restated Credit Agreement dated as of June 15, 2012 (as amended, the
“Existing Credit Agreement”), for the purpose and consideration therein
expressed, whereby Lenders became obligated to make loans to the Borrower as
therein provided; and

WHEREAS, the Borrower, Parent, Administrative Agent and Lenders desire to amend
the Existing Credit Agreement as set forth herein;

NOW, THEREFORE, in consideration of the premises and the mutual covenants and
agreements contained herein and in the Existing Credit Agreement, in
consideration of the loans which may hereafter be made by Lenders to the
Borrower, and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto do hereby agree
as follows:

ARTICLE I.

DEFINITIONS AND REFERENCES

Section 1.1. Terms Defined in the Existing Credit Agreement. Unless the context
otherwise requires or unless otherwise expressly defined herein, the terms
defined in the Existing Credit Agreement shall have the same meanings whenever
used in this Amendment.

Section 1.2. Other Defined Terms. Unless the context otherwise requires, the
following terms when used in this Amendment shall have the meanings assigned to
them in this Section 1.2:

“Amendment” means this Third Amendment to the Existing Credit Agreement.

“Amendment Documents” means this Amendment and all other documents or
instruments delivered in connection herewith or therewith.

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“Amendment Effective Date” means the date that the conditions precedent to the
effectiveness of this Amendment specified in Section 3.1 have been satisfied.

“Credit Agreement” means the Existing Credit Agreement as amended hereby.

ARTICLE II.

AMENDMENTS TO EXISTING CREDIT AGREEMENT

Section 2.1. Additional Defined Terms. Section 1.1 of the Existing Credit
Agreement is amended to add the following definitions in the proper alphabetical
order:

“Bridge Loan Facility”: the senior unsecured credit facility among Parent, the
lenders named therein, and Citibank, N.A., as administrative agent for such
lenders, providing for loans to Parent of up to $1,000,000,000 to finance a
portion of the CMO Acquisition.

“CMO Acquisition”: the acquisition by Parent of all of the issued and
outstanding membership interests of Chesapeake Midstream Operating, L.L.C., a
limited liability company organized under the laws of the State of Delaware
pursuant to the Unit Purchase Agreement.

“CMO Documents”: collectively, the Unit Purchase Agreement and each of the
documents required to be delivered pursuant thereto.

“Unit Purchase Agreement”: the Unit Purchase Agreement dated as of December 11,
2012 between Chesapeake Midstream Development, L.L.C., as seller, and Parent, as
buyer, together with all exhibits and schedules thereto.”

Section 2.2. Existing Defined Terms.

(a) The definition of “Borrower” in the preamble of the Existing Credit
Agreement is hereby amended in its entirety to refer to Access MLP Operating,
L.L.C., a Delaware limited liability company.

(b) The definition of “Parent” in the preamble of the Existing Credit Agreement
is hereby amended in its entirety to refer to Access Midstream Partners, L.P., a
Delaware limited partnership.

 

2

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(c) The definition of “Consolidated EBITDA” in Section 1.1 of the Existing
Credit Agreement is hereby amended by adding the following at the end of such
definition:

In addition, Consolidated EBITDA may include, at Parent’s option, any Material
Project EBITDA Adjustments as provided below, which adjustments under clause
(A) and (B) shall be made in a manner, and subject to documentation, acceptable
to the Administrative Agent. As used herein, “Material Project” means the
construction or expansion of any capital project of any Group Member, the
aggregate capital cost of which (inclusive of capital costs expended prior to
the acquisition thereof) is reasonably expected by Parent to exceed, or exceeds
$10,000,000 (a “Material Project”); provided that Parent may elect that one or
more “phases” of the construction or expansion of a capital project be treated
as an independent Material Project if (A) the aggregate capital cost of such
“phase” is reasonably expected by Parent to exceed $5,000,000 and (B) the
aggregate capital cost of such “phase”, together with all other “phases” of such
construction or expansion of such capital project is reasonably expected by
Parent to exceed $10,000,000. As used herein, “Material Project EBITDA
Adjustments” means, with respect to each Material Project:

(A) prior to the date on which a Material Project has achieved commercial
operation (the “Commercial Operation Date”) (but including the fiscal quarter in
which such Commercial Operation Date occurs), a percentage (based on the
then-current completion percentage of such Material Project as of the date of
determination) of an amount to be approved by Administrative Agent as the
projected Consolidated EBITDA attributable to such Material Project for the
first 12-month period following the scheduled Commercial Operation Date of such
Material Project (such amount to be determined based upon projected revenues
from customer contracts, projected revenues that are determined by the
Administrative Agent, in its discretion, to otherwise be highly probable, the
creditworthiness and applicable projected production of the prospective
customers, capital and other costs, operating and administrative expenses,
scheduled Commercial Operation Date, commodity price assumptions and other
factors deemed appropriate by Administrative Agent), which may, at Parent’s
option, be added to actual Consolidated EBITDA for the fiscal quarter in which
construction or expansion of such Material Project commences and for each fiscal
quarter thereafter until the Commercial Operation Date of such Material Project
(including the fiscal quarter in which such Commercial Operation Date occurs,
but net of any actual Consolidated EBITDA attributable to such Material Project
following such Commercial Operation Date); provided that if the actual
Commercial Operation Date does not occur by the scheduled Commercial Operation
Date, then the foregoing amount shall be reduced, for quarters ending after the
scheduled Commercial Operation Date to (but excluding) the first full quarter
after its Commercial Operation Date, by the following percentage

 

3

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amounts depending on the period of delay (based on the period of actual delay or
then-estimated delay, whichever is longer): (i) 90 days or less, 0%, (ii) longer
than 90 days, but not more than 180 days, 25%, (iii) longer than 180 days but
not more than 270 days, 50%, (iv) longer than 270 days but not more than 365
days, 75%, and (v) longer than 365 days, 100%; and

(B) beginning with the first full fiscal quarter following the Commercial
Operation Date of a Material Project and for the two immediately succeeding
fiscal quarters, an amount to be approved by the Administrative Agent as the
projected Consolidated EBITDA (determined in the same manner set forth in clause
(A) above) attributable to such Material Project for the balance of the four
full fiscal quarter period following such Commercial Operation Date, which may,
at the Borrower’s option, be added to actual Consolidated EBITDA for such fiscal
quarters.

Notwithstanding the foregoing:

(1) no such Material Project EBITDA Adjustment shall be allowed with respect to
a Material Project unless:

(x) at least 30 days (or such lesser period as is reasonably acceptable to the
Administrative Agent) prior to the last day of the fiscal quarter for which
Parent desires to commence inclusion of such Material Project EBITDA Adjustment
in Consolidated EBITDA (the “Initial Quarter”), Parent shall have delivered to
Administrative Agent written pro forma projections of Consolidated EBITDA
attributable to such Material Project EBITDA Adjustments, and

(y) prior to the last day of the Initial Quarter, Administrative Agent shall
have approved (such approval not to be unreasonably withheld) such projections
and shall have received such other information (including updated status reports
summarizing each Material Project currently under construction and covering
original anticipated and current projected cost, capital expenditures (completed
and remaining), the anticipated Commercial Operation Date, total Material
Project EBITDA Adjustments and the portion thereof to be added to Consolidated
EBITDA and other information regarding projected revenues, customers and
contracts supporting such pro forma projections and the anticipated Commercial
Operation Date) and documentation as Administrative Agent may reasonably
request, all in form and substance satisfactory to Administrative Agent, and

(2) the aggregate amount of all Material Project EBITDA Adjustments, plus any
MVC Adjustment as set forth in the following paragraph, during any period shall
be limited to 20% of the total actual Consolidated EBITDA for such period (which
total actual Consolidated EBITDA shall be determined without including any
Material Project EBITDA Adjustments or MVC Adjustment).

 

4

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In addition, for each fiscal quarter ending prior to December 31, 2013,
Consolidated EBITDA may include, at Parent’s option, an adjustment (the “MVC
Adjustment”) for an estimated quarterly recognition of earnings in respect of
the Barnett Annual Minimum Volume under the Gathering Agreement for the period
from January 1, 2013 through the end of such fiscal quarter, which adjustment
shall be made in a manner, and subject to documentation, acceptable to the
Administrative Agent; provided that the MVC Adjustment plus all Material Project
EBITDA Adjustments shall be limited as provided in the immediately preceding
paragraph (2).

(d) The definition of “Gathering Documents” in Section 1.1 of the Existing
Credit Agreement is hereby amended by adding the word “material” before “gas
gathering agreement” in line three thereof.

(e) The definition of “General Partner” in Section 1.1 of the Existing Credit
Agreement is hereby amended in its entirety as follows:

“General Partner”: Access Midstream Partners GP, L.L.C., a Delaware limited
liability company.

(f) The definition of “Transaction Documents” in Section 1.1 of the Existing
Credit Agreement is hereby amended in its entirety as follows:

“Transaction Documents”: collectively, the Transaction Agreement, each of the
documents required to be delivered pursuant thereto, the June 2012 Documents,
any amendment, supplement, restatement or other modification of any of the
foregoing entered into in connection with the June 2012 Documents, the CMO
Documents and any amendment, supplement, restatement or other modification of
any of the foregoing entered into in connection with the CMO Documents, the
Subscription Agreement dated as of December 11, 2012 among Parent, General
Partner, GIP II Hawk Holdings Partnership, L.P., and The Williams Companies,
Inc. and any amendment, supplement, restatement or other modification of any of
the foregoing entered into in connection therewith.

Section 2.3. Increase in Commitments. Section 2.14(a) of the Existing Credit
Agreement is hereby amended by replacing “no Default” in the first line thereof
with “no Event of Default”.

 

5

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Section 2.4. Existence; Compliance with Laws. Section 4.3 of the Existing Credit
Agreement is hereby amended by replacing “Each Group Member” in the first line
thereof with “Each Loan Party”.

Section 2.5. No Legal Bar. Section 4.5 of the Existing Credit Agreement is
hereby amended by adding the word “material” before “Contractual Obligation” in
the third line thereof.

Section 2.6. Collateral and Guarantees. Section 6.9 of the Existing Credit
Agreement is hereby amended by (a) adding the phrase “or such lesser time as may
be reasonably acceptable to the Administrative Agent” after the phrase “15 days”
in Section 6.9(a), (b) adding the following sentence at the end of
Section 6.9(a) “Notwithstanding anything to the contrary in this Section 6.9(a),
the Borrower shall deliver such Security Documents in connection with the CMO
Acquisition: (i) promptly after the closing of the CMO Acquisition, in the case
of Security Documents on personal property, and (ii) no later than 90 days after
the closing of the CMO Acquisition in the case of Mortgages on real property.”
and (c) amending Section 6.9(b) in its entirety to read as follows:

(b) At any time that Parent has an Investment Grade Rating, no Default or Event
of Default has occurred and is continuing and the Consolidated Leverage Ratio as
at end of the most recently ended fiscal quarter was not greater than 5.00 to
1.00 (or 5.50 to 1.00 if such fiscal quarter ended during the period from and
after a Specified Acquisition to and including the last day of the second full
fiscal quarter following the fiscal quarter in which the Specified Acquisition
occurred), the Borrower may, by written notice to the Administrative Agent,
elect for the Liens under the Security Instruments securing the Secured
Obligations to be released (the date of such notice, “Collateral Release Date”),
whereupon (A) Section 6.9(a) shall have no further force or effect and (B) the
Administrative Agent shall use reasonable efforts to promptly release all of the
Mortgaged Properties from the Liens of the Security Instruments.

Section 2.7. Financial Condition Covenants. Section 7.1 of the Existing Credit
Agreement is hereby amended in its entirety as follows:

(a) Consolidated Leverage Ratio. Permit the Consolidated Leverage Ratio to be
greater than: (i) as at the end of any fiscal quarter ending after December 31,
2012 and prior to the Collateral Release Date, 5.50 to 1.00; and (ii) as at the
end of any fiscal quarter ending on or after the Collateral Release Date, 5.00
to 1.00, provided, that such ratio in clause (ii) shall not exceed 5.50 to 1.00
during the period from and after a Specified Acquisition to and including the
last day of the second full fiscal quarter following the fiscal quarter in which
the Specified Acquisition occurred, to the extent such period is after the
Collateral Release Date.

 

6

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As used herein, “Specified Acquisition” means, the consummation of the last of
one or more acquisitions of assets or entities or operating lines or divisions
in any rolling 12-month period for an aggregate purchase price of not less than
$100,000,000 elected by the Borrower by notice to the Administrative Agent to be
a Specified Acquisition; provided that, (A) following the election of a
Specified Acquisition, the Borrower may not elect a subsequent Specified
Acquisition unless, at the time of such subsequent election, the Consolidated
Leverage Ratio does not exceed 5.00 to 1.00 if on or after the Collateral
Release Date, (B) no more than one Specified Acquisition may be in effect at any
one time, and (C) no more than one Specified Acquisition may be elected that
includes a particular acquisition.

(b) Interest Coverage Ratio. Permit the ratio of (i) Consolidated EBITDA for the
period of four consecutive fiscal quarters of Parent then most recently ended to
(ii) Consolidated Interest Expense for such period as of the end of any fiscal
quarter to be less than 2.50 to 1.00; provided, that this Section 7.1(b) shall
not apply on and after the time that Parent has an Investment Grade Rating.

(c) All determinations of Consolidated EBITDA (other than Section 7.1(b)) in
respect of the periods ending as of March 31, 2013, June 30, 2013 and
September 30, 2013, shall use the annualized amount of Consolidated EBITDA (as
otherwise determined pursuant to the definition of “Consolidated EBITDA”) for
the period beginning January 1, 2013 and ending on such date (i.e., the one
quarter ended March 31, 2013 times 4, the two quarters ended June 30, 2013 times
2, and the three quarters ended September 30, 2013 times 4/3rds). For the
avoidance of doubt, (i) determination of Consolidated EBITDA for the periods
ending March 31, 2013, June 30, 2013 and September 30, 2013 shall include any
adjustments as provided in part (a) of such definition related to Investments,
acquisitions (other than the CMO Acquisition), Dispositions, consolidations or
mergers occurring during the period after December 31, 2012, using an annualized
amount for the pro forma effect for the period after December 31, 2012, and
include any adjustments as provided in part (b) of such definition for cash
distributions in respect of net income of any Joint Venture with respect to such
period after December 31, 2012.

(d) For purposes of the determination on the closing of the CMO Acquisition in
respect of the references in Sections 7.2, 7.7 and 7.10 to compliance with
Section 7.1, the Consolidated Leverage Ratio shall not be greater than 5.0 to
1.0 and for purposes of determinations after the closing of the CMO Acquisition
and prior to the date the financial statements contemplated by Section 6.1(b)
are available to Parent for the fiscal quarter ending March 31, 2013 in respect
of the references in Sections 7.2. 7.7 and 7.10 to compliance with Section 7.1,
the Consolidated Leverage Ratio shall not be greater than 5.5 to 1.0.

 

7

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Section 2.8. Indebtedness. Section 7.2 of the Existing Credit Agreement is
hereby amended as follows:

(a) by (i) deleting the “and” at the end of subsection (f); (ii) replacing the
period at the end of subsection (g) with “; and” and (iii) adding the following
new subsection (h) as follows:

(h) Indebtedness of Parent, the Borrower or any of their Subsidiaries in respect
of the Bridge Loan Facility (including any conversions into unsecured term loans
or exchanges into unsecured debt securities), and any unsecured Guarantee
Obligations thereof by the Borrower and the Subsidiary Guarantors.

(b) by adding the following at the end of subsection (g):

; provided that for purposes of calculating the Consolidated Leverage Ratio,
Indebtedness incurred by Parent, the Borrower or any of its Subsidiaries in
anticipation of the acquisition contemplated by the Unit Purchase Agreement
shall not constitute Indebtedness until such acquisition is consummated so long
as (i) the proceeds of such Indebtedness are restricted pending such
acquisition, and (ii) the Borrower is irrevocably obligated to redeem such
Indebtedness if the Unit Purchase Agreement is terminated, and such redemption
is completed within 30 Business Days following such termination.

Section 2.9. Investments. Section 7.7 of the Existing Credit Agreement is hereby
amended by (a) deleting the “and” at the end of subsection (a); (b) replacing
the period at the end of subsection (b) with “; and” and (c) adding the
following new subsection (c) as follows:

(c) acquisitions permitted by Section 7.10.

Section 2.10. Negative Pledge Clauses. Section 7.12 of the Existing Credit
Agreement is hereby amended by (a) deleting the “and or” at the end of
subsection (b); (b) replacing the period at the end of subsection (c) with “;
and” and (c) adding the following new subsection (d) as follows:

(d) the Bridge Loan Facility, provided, however, that any such prohibition or
limitation does not restrict in any manner (directly or indirectly) Liens on any
Property of any Group Member securing the Obligations and does not require the
direct or indirect granting of any Lien securing the Bridge Loan Facility or
other obligation thereunder by virtue of the granting of Liens on any Property
of any Group Member to secure the Obligations.

 

8

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Section 2.11. Clauses Restricting Group Member Distributions. Clause (a) of
Section 7.13 of the Existing Credit Agreement is hereby amended in its entirety
to read as follows:

(a) make Restricted Payments in respect of any Capital Stock of such Group
Member held by, or pay any Indebtedness owed to, the Borrower or any Subsidiary
Guarantor, as the case may be,

Section 2.12. Parent. Section 7.18 of the Existing Credit Agreement is hereby
amended in its entirety to read as follows:

Section 7.18 Parent. Notwithstanding any other provision of this Agreement, with
respect to Parent only: (a) directly own the equity interest of any Subsidiary
other the Borrower except in connection with an acquisition in which such equity
interest is contributed to the Borrower in a substantially contemporaneous
transaction or (b) dispose of any of its ownership interest in the Borrower.

ARTICLE III.

CONDITIONS OF EFFECTIVENESS

Section 3.1. Amendment Effective Date. This Amendment shall become effective as
of the date first above written when and only when:

(a) Administrative Agent shall have received all of the following, at
Administrative Agent’s office, duly executed and delivered and in form,
substance and date satisfactory to Administrative Agent:

(i) the Amendment executed by the Borrower, Parent, Administrative Agent and
Majority Lenders;

(ii) a duly executed Consent and Agreement from Parent and each Subsidiary
Guarantor in the form attached hereto;

(iii) a closing certificate of each Loan Party in substantially the form of
Exhibit C to the Existing Credit Agreement; and

(iv) such other supporting documents as Administrative Agent may reasonably
request.

(b) The Borrower shall have paid, in connection with such Loan Documents, all
other fees and reimbursements to be paid to Administrative Agent pursuant to any
Loan Documents, or otherwise due Administrative Agent and including invoiced
fees and disbursements of Administrative Agent’s attorneys.

 

9

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ARTICLE IV.

REPRESENTATIONS AND WARRANTIES

Section 4.1. Representations and Warranties of the Borrower and Parent. In order
to induce each Lender to enter into this Amendment, the Borrower and Parent
represent and warrant to each Lender that:

(a) The representations and warranties contained in Article 4 of the Existing
Credit Agreement are true and correct in all material respects at and as of the
time of the effectiveness hereof, except to the extent such representations and
warranties specifically refer to an earlier date, in which case they are true
and correct in all material respects as of such earlier date, and except for
purposes of this definition, the representations and warranties contained in
subsections (a) and (b) of Section 4.1 of the Credit Agreement shall be deemed
to refer to the most recent statements furnished pursuant to clauses (a) and
(b), respectively, of Section 6.1 of the Credit Agreement.

(b) The Borrower and Parent are duly authorized to execute and deliver this
Amendment and the other Amendment Documents and the Borrower is and will
continue to be duly authorized to borrow monies and to perform its obligations
under the Credit Agreement. The Borrower and Parent haves duly taken all
corporate action necessary to authorize the execution and delivery of this
Amendment and the other Amendment Documents and to authorize the performance of
the obligations of the Borrower hereunder and thereunder.

(c) When duly executed and delivered, each of this Amendment and the Credit
Agreement will be a legal and binding obligation of the Borrower, enforceable in
accordance with its terms, except as limited by bankruptcy, insolvency or
similar laws of general application relating to the enforcement of creditors’
rights and by equitable principles of general application.

ARTICLE V.

MISCELLANEOUS

Section 5.1. Ratification of Agreements. The Existing Credit Agreement as hereby
amended is hereby ratified and confirmed in all respects. The Loan Documents, as
they may be amended or affected by the various Amendment Documents, are hereby
ratified and confirmed in all respects. Any reference to the Credit Agreement in
any Loan Document shall be deemed to be a reference to the Existing Credit
Agreement as hereby amended. The execution, delivery and effectiveness of this
Amendment and the other Amendment Documents shall not, except as expressly
provided herein or therein, operate as a waiver of any right, power or remedy of
Lenders under the Credit Agreement, the Notes, or any other Loan Document nor
constitute a waiver of any provision of the Credit Agreement, the Notes or any
other Loan Document.

 

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Section 5.2. Survival of Agreements. All representations, warranties, covenants
and agreements of the Borrower and Parent herein shall survive the execution and
delivery of this Amendment and the performance hereof, including without
limitation the making or granting of the Loans, and shall further survive until
all of the Obligations are paid in full. All statements and agreements contained
in any certificate or instrument delivered by the Borrower or any Group Members
hereunder or under the Credit Agreement to any Lender shall be deemed to
constitute representations and warranties by, and/or agreements and covenants
of, the Borrower and Parent under this Amendment and under the Credit Agreement.

Section 5.3. Loan Documents. This Amendment and the other Amendment Documents
are Loan Documents, and all provisions in the Credit Agreement pertaining to
Loan Documents apply hereto and thereto.

Section 5.4. Governing Law. This Amendment shall be governed by and construed in
accordance the laws of the State of Texas and any applicable laws of the United
States of America in all respects, including construction, validity and
performance.

Section 5.5. Counterparts; Fax. This Amendment may be separately executed in
counterparts and by the different parties hereto in separate counterparts, each
of which when so executed shall be deemed to constitute one and the same
Amendment. This Amendment and the other Amendment Documents may be validly
executed by facsimile or other electronic transmission.

THIS AMENDMENT AND THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT
BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR,
CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO
UNWRITTEN ORAL AGREEMENTS OF THE PARTIES.

[The remainder of this page has been intentionally left blank.]

 

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed and delivered by their proper and duly authorized officers as of the
day and year first above written.

 

ACCESS MLP OPERATING, L.L.C. By:    /s/ David C. Shiels   David C. Shiels  
Chief Financial Officer

 

ACCESS MIDSTREAM PARTNERS, L.P.,

a Delaware limited partnership

By:    Access Midstream Partners GP, L.L.C.,   its sole general partner

          By:    /s/ David C. Shiels   David C. Shiels   Chief Financial Officer

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WELLS FARGO BANK, NATIONAL

ASSOCIATION, as Administrative Agent, as

Swing Line Lender, as an Issuing Lender and as a

Lender

By:    /s/ Catherine Cook Name: Catherine Cook Title: Vice President

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THE ROYAL BANK OF SCOTLAND plc, as a Lender By:    /s/ Sanjay Remond Name:
Sanjay Remond Title: Authorized Signatory

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BANK OF MONTREAL, as a Lender By:    /s/ Kevin Utsey Name: Kevin Utsey Title:
Director

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COMPASS BANK, as a Lender By:    /s/ Ian Payne Name: Ian Payne Title: Vice
President

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THE BANK OF NOVA SCOTIA, as a Lender By:    /s/ Mark Sparrow Name: Mark Sparrow
Title: Director

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BANK OF AMERICA, N.A., as a Lender By:    /s/ Ronald E. McKaig Name: Ronald E.
McKaig Title: Managing Director

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BARCLAYS BANK PLC, as a Lender By:    /s/ Ann E. Sutton Name: Ann E. Sutton
Title: Director

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CAPITAL ONE, NATIONAL ASSOCIATION,

as a Lender

By:    /s/ Peter Shen Name: Peter Shen Title: Vice President

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CITIBANK, N.A., as a Lender By:    /s/ Mason McGurrin Name:   Mason McGurrin
Title:   Vice President

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GOLDMAN SACHS BANK USA, as a Lender By:    /s/ Michelle Latzoni Name:   Michelle
Latzoni Title:   Authorized Signatory

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MORGAN STANLEY BANK, N.A., as a Lender By:    /s/ Penny Tsekouras Name:   Penny
Tsekouras Title:   Authorized Signatory

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DNB BANK ASA, GRAND CAYMAN BRANCH, as a Lender By:    /s/ Colleen Durkin Name:  
Colleen Durkin Title:  

Senior Vice President

Shipping Offshore & Logistics

 

By:    /s/ Andrea Ozbolt Name:   Andrea Ozbolt Title:   Vice President

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The Bank of Tokyo-Mitsubishi UFJ, Ltd.,

as a Lender

By:    /s/ Sherwin Bradford Name:   Sherwin Bradford Title:   Vice President

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UBS AG, STAMFORD BRANCH, as a Lender By:    /s/ Lana Gifas Name:   Lana Gifas
Title:   Director

 

By:    /s/ Irja R. Otsa Name:   Irja R. Otsa Title:   Associate Director

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CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, as a Lender By:    /s/ Doreen Barr
Name:   Doreen Barr Title:   Director

 

By:    /s/ Michael Spaight Name:   Michael Spaight Title:   Associate

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ROYAL BANK OF CANADA, as a Lender By:    /s/ Mark Lumpkin, Jr. Name:   Mark
Lumpkin, Jr. Title:   Authorized Signatory

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COMERICA BANK, as a Lender By:    /s/ Katya Evseev Name:   Katya Evseev Title:  
Assistant Vice President

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DEUTSCHE BANK TRUST COMPANY AMERICAS, as a Lender By:    /s/ Michael Getz Name:
  Michael Getz Title:   Vice President

 

By:    /s/ Evelyn Thierry Name:   Evelyn Thierry Title:   Director

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EXPORT DEVELOPMENT CANADA, as a Lender By:    /s/ Richard Leong Name:   Richard
Leong Title:   Assistant Manager

 

By:    /s/ Talai M. Kairouz Name:   Talai M. Kairouz Title:   Senior Asset
Manager

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SUMITOMO MITSUI BANKING CORP.,

NEW YORK, as a Lender

By:    /s/ Shuji Yabe Name:   Shuji Yabe Title:   Managing Director

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U.S. BANK NATIONAL ASSOCIATION,

as a Lender

By:    /s/ Tara McLean Name:   Tara McLean Title:   Vice President

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RAYMOND JAMES BANK, N.A., as a Lender By:    /s/ Scott G. Axelrod Name:   Scott
G. Axelrod Title:   Vice President

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TORONTO DOMINION (NEW YORK) LLC,

as a Lender

By:    /s/ Debbi L. Brito Name:   Debbi L. Brito Title:   Authorized Signatory

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Third Amendment

CONSENT AND AGREEMENT

Each of the undersigned (in their individual capacity, each a “Guarantor”),
hereby (i) consents to the provisions of this Amendment and the transactions
contemplated herein, (ii) ratifies and confirms the Amended and Restated
Guaranty dated as of June 10, 2011 made by it for the benefit of Administrative
Agent and Lenders executed pursuant to the Credit Agreement and the other Loan
Documents, (iii) agrees that all of its respective obligations and covenants
thereunder shall remain unimpaired by the execution and delivery of this
Amendment and the other documents and instruments executed in connection
herewith and (iv) agrees that the Amended and Restated Guaranty and such other
Loan Documents shall remain in full force and effect.

 

ACCESS MIDSTREAM PARTNERS, L.P., a Delaware limited partnership By:    Access
Midstream Partners GP, L.L.C.,   its sole general partner

          By:    /s/ David C. Shiels   David C. Shiels   Chief Financial Officer

 

APPALACHIA MIDSTREAM SERVICES, L.L.C.

BLUESTEM GAS SERVICES, L.L.C.

ACCESS MIDSTREAM GAS SERVICES, L.L.C.

OKLAHOMA MIDSTREAM GAS SERVICES, L.L.C.

MAGNOLIA MIDSTREAM GAS SERVICES, L.L.C.

PONDER MIDSTREAM GAS SERVICES, L.L.C.

TEXAS MIDSTREAM GAS SERVICES, L.L.C.

By:    Access MLP Operating, L.L.C., sole manager

          By:    /s/ David C. Shiels   David C. Shiels   Chief Financial Officer

 

ACMP FINANCE CORP. By:    /s/ David C. Shiels   David C. Shiels   Chief
Financial Officer