Exhibit 4.1

 

Execution Version

 

REGISTRATION RIGHTS AGREEMENT

 

BY AND AMONG

 

ANTERO MIDSTREAM PARTNERS LP

 

AND

 

THE PURCHASERS NAMED ON SCHEDULE A HERETO

 











 

TABLE OF CONTENTS

 

	
ARTICLE I   DEFINITIONS
    	
1
    
	
 
    	
 
    	
 
    
	
Section 1.01
    	
Definitions
    	
1
    
	
Section 1.02
    	
Registrable Securities
    	
3
    
	
 
    	
 
    	
 
    
	
ARTICLE II   REGISTRATION RIGHTS
    	
3
    
	
 
    	
 
    	
 
    
	
Section 2.01
    	
Registration
    	
3
    
	
Section 2.02
    	
Piggyback Rights
    	
5
    
	
Section 2.03
    	
Delay Rights
    	
7
    
	
Section 2.04
    	
Underwritten Offerings
    	
8
    
	
Section 2.05
    	
Sale Procedures
    	
8
    
	
Section 2.06
    	
Cooperation by Holders
    	
12
    
	
Section 2.07
    	
Restrictions on Public   Sale by Holders of Registrable Securities
    	
12
    
	
Section 2.08
    	
Expenses
    	
12
    
	
Section 2.09
    	
Indemnification
    	
13
    
	
Section 2.10
    	
Rule 144 Reporting
    	
15
    
	
Section 2.11
    	
Transfer or Assignment   of Registration Rights
    	
15
    
	
Section 2.12
    	
Limitation on   Subsequent Registration Rights
    	
16
    
	
 
    	
 
    	
 
    
	
ARTICLE III   MISCELLANEOUS
    	
16
    
	
 
    	
 
    	
 
    
	
Section 3.01
    	
Communications
    	
16
    
	
Section 3.02
    	
Successor and Assigns
    	
17
    
	
Section 3.03
    	
Assignment of Rights
    	
17
    
	
Section 3.04
    	
Recapitalization,   Exchanges, Etc. Affecting the Units
    	
17
    
	
Section 3.05
    	
Aggregation of   Registrable Securities
    	
17
    
	
Section 3.06
    	
Specific Performance
    	
17
    
	
Section 3.07
    	
Counterparts
    	
17
    
	
Section 3.08
    	
Headings
    	
17
    
	
Section 3.09
    	
Governing Law
    	
17
    
	
Section 3.10
    	
Severability of   Provisions
    	
18
    
	
Section 3.11
    	
Entire Agreement
    	
18
    
	
Section 3.12
    	
Amendment
    	
18
    
	
Section 3.13
    	
No Presumption
    	
18
    
	
Section 3.14
    	
Obligations Limited to   Parties to Agreement
    	
18
    
	
Section 3.15
    	
Independent Nature of   Purchaser’s Obligations
    	
18
    
	
Section 3.16
    	
Interpretation
    	
19
    
	
 
    	
 
    	
 
    
	
Schedule   A — Purchaser List; Notice and Contact Information; Opt-Out Election
    	
 
    


 











 

REGISTRATION RIGHTS AGREEMENT

 

This REGISTRATION RIGHTS AGREEMENT (this “Agreement”) is made and entered into as of September 23, 2015, by and among Antero Midstream Partners LP, a Delaware limited partnership (the “Partnership”), and each of the Persons set forth on Schedule A to this Agreement (each, a “Purchaser” and collectively, the “Purchasers”).

 

WHEREAS, this Agreement is made and entered into in connection with the Closing of the issuance and sale of the Purchased Units pursuant to the Common Unit Purchase Agreement, dated as of September 17, 2015, by and among the Partnership and the Purchasers (the “Common Unit Purchase Agreement”); and

 

WHEREAS, the Partnership has agreed to provide the registration and other rights set forth in this Agreement for the benefit of the Purchasers pursuant to the Common Unit Purchase Agreement.

 

NOW THEREFORE, in consideration of the mutual covenants and agreements set forth herein and for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by each party hereto, the parties hereby agree as follows:

 

ARTICLE I
 DEFINITIONS

 

Section 1.01          Definitions.  Capitalized terms used herein without definition shall have the meanings given to them in the Common Unit Purchase Agreement.  The terms set forth below are used herein as so defined:

 

“Affiliate” means, with respect to any Person, any other Person that directly or indirectly through one or more intermediaries controls, is controlled by or is under common control with, the Person in question. As used herein, the term “control” means the possession, direct or indirect, of the power to direct or cause the direction of the management and policies of a Person, whether through ownership of voting securities, by contract or otherwise.

 

“Aggregate Purchase Price” means the product of (i) the Common Unit Price multiplied by (ii) the aggregate number of Purchased Units purchased by the Purchasers.

 

“Agreement” has the meaning specified therefor in the introductory paragraph of this Agreement.

 

“Commission” means the U.S. Securities and Exchange Commission.

 

“Common Unit Price” has the meaning given to such term in the Common Unit Purchase Agreement.

 

“Common Unit Purchase Agreement” has the meaning specified therefor in the recitals of this Agreement.

 

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“Effectiveness Period” has the meaning specified therefor in Section 2.01(a) of this Agreement.

 

“General Partner” means Antero Resources Midstream Management LLC, a Delaware limited liability company.

 

“Holder” means the record holder of any Registrable Securities.

 

“Included Registrable Securities” has the meaning specified therefor in Section 2.02(a) of this Agreement.

 

“Liquidated Damages” has the meaning specified therefor in Section 2.01(b) of this Agreement.

 

“Liquidated Damages Multiplier” means, with respect to a particular Purchaser, (i) the product of the Common Unit Price multiplied by (ii) the number of Purchased Units purchased by such Purchaser that may not be disposed of without restriction and without the need for current public information pursuant to any section of Rule 144 (or any similar provision then in effect) under the Securities Act.

 

“Losses” has the meaning specified therefor in Section 2.09(a) of this Agreement.

 

“Managing Underwriter” means, with respect to any Underwritten Offering, the book-running lead manager or managers of such Underwritten Offering.

 

“Opt-Out Notice” has the meaning specified therefor in Section 2.02(a) of this Agreement.

 

“Parity Securities” has the meaning specified therefor in Section 2.02(b) of this Agreement.

 

“Partnership” has the meaning specified therefor in the introductory paragraph of this Agreement.

 

“Person” means an individual or a corporation, limited liability company, partnership, firm, joint venture, trust, unincorporated organization, association, government agency or political subdivision thereof or other entity.

 

“Purchased Units” has the meaning given to such term in the Common Unit Purchase Agreement.

 

“Purchaser” and “Purchasers” have the meanings specified therefor in the introductory paragraph of this Agreement.

 

“Registrable Securities” means (i) the Common Units comprising the Purchased Units and (ii) any Common Units issued as Liquidated Damages pursuant to Section 2.01(b) of this Agreement, in each case, as subject to exchange, substitution or adjustment pursuant to Section

 

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3.04 of this Agreement, all of which Registrable Securities are subject to the rights provided herein until such rights terminate pursuant to the provisions hereof.

 

“Registration Expenses” has the meaning specified therefor in Section 2.08(b) of this Agreement.

 

“Registration Statement” has the meaning specified therefor in Section 2.01(a) of this Agreement.

 

“Selling Expenses” has the meaning specified therefor in Section 2.08(b) of this Agreement.

 

“Selling Holder” means a Holder who is selling Registrable Securities pursuant to a registration statement.

 

“Selling Holder Indemnified Persons” has the meaning specified therefor in Section 2.09(a) of this Agreement.

 

“Underwritten Offering” means an offering (including an offering pursuant to a Registration Statement) in which Common Units are sold to an underwriter on a firm commitment basis for reoffering to the public or an offering that is a “bought deal” with one or more investment banks.

 

Section 1.02          Registrable Securities.  Any Registrable Security will cease to be a Registrable Security (a) when a registration statement covering such Registrable Security becomes or has been declared effective by the Commission and such Registrable Security has been sold or disposed of pursuant to such effective registration statement; (b) when such Registrable Security has been disposed of pursuant to any section of Rule 144 (or any similar provision then in effect) under the Securities Act; (c) when such Registrable Security is held by the Partnership or one of its subsidiaries or Affiliates; (d) when such Registrable Security has been sold or disposed of in a private transaction in which the transferor’s rights under this Agreement are not assigned to the transferee of such securities pursuant to Section 2.11 hereof or (e) when such Registrable Security becomes eligible for resale without restriction and without the need for current public information pursuant to any section of Rule 144 (or any similar provision then in effect) under the Securities Act.

 

ARTICLE II
 REGISTRATION RIGHTS

 

Section 2.01          Registration.

 

(a)           Effectiveness Deadline.  Following the date hereof, but no later than 30 days following the Closing Date, the Partnership shall prepare and file a registration statement under the Securities Act to permit the public resale of Registrable Securities then outstanding from time to time as permitted by Rule 415 (or any similar provision then in effect) under the Securities Act with respect to all of the Registrable Securities (the “Registration Statement”). The Registration Statement filed pursuant to this Section 2.01(a) shall be on such appropriate registration form or forms of the Commission as shall be selected by the Partnership so long as it

 

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permits the continuous offering of the Registrable Securities pursuant to Rule 415 (or any similar provision then in effect) under the Securities Act at then-prevailing market prices.  The Partnership shall use its commercially reasonable efforts to cause the Registration Statement to become effective on or as soon as practicable after the filing thereof. Any Registration Statement shall provide for the resale pursuant to any method or combination of methods legally available to, and requested by, the Holders of any and all Registrable Securities covered by such Registration Statement.  The Partnership shall use its commercially reasonable efforts to cause the Registration Statement filed pursuant to this Section 2.01(a) to be effective, supplemented and amended to the extent necessary to ensure that it is available for the resale of all Registrable Securities by the Holders until all Registrable Securities covered by such Registration Statement have ceased to be Registrable Securities (the “Effectiveness Period”).  The Registration Statement when effective (including the documents incorporated therein by reference) will comply as to form in all material respects with all applicable requirements of the Securities Act and the Exchange Act and will not contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading (in the case of any prospectus contained in such Registration Statement or documents incorporated therein by reference, in the light of the circumstances under which a statement is made).  As soon as practicable following the date that the Registration Statement becomes effective, but in any event within two (2) Business Days of such date, the Partnership shall provide the Holders with written notice of the effectiveness of the Registration Statement.

 

(b)           Failure to Go Effective.   If the Registration Statement required by Section 2.01(a) is not declared effective within 90 days after the Closing Date, then each Purchaser shall be entitled to a payment (with respect to the Purchased Units of each such Purchaser), as liquidated damages and not as a penalty, of 0.25% of the Liquidated Damages Multiplier per 30-day period, that shall accrue daily, for the first 30 days following the 90th day, increasing by an additional 0.25% of the Liquidated Damages Multiplier per 30-day period, that shall accrue daily, for each subsequent 30 days, up to a maximum of 1.00% of the Liquidated Damages Multiplier per 30-day period (the “Liquidated Damages”). The Liquidated Damages payable pursuant to the immediately preceding sentence shall be payable within ten (10) Business Days after the end of each such 30-day period.  Notwithstanding anything to the contrary contained herein, in no event shall the aggregate of all Liquidated Damages payable by the Partnership hereunder exceed 5.00% of the Aggregate Purchase Price.  Any Liquidated Damages shall be paid to each Purchaser in immediately available funds; provided, however, if the Partnership certifies that it is unable to pay Liquidated Damages in cash because such payment would result in a breach of or constitute a default under a credit facility or other debt instrument, then the Partnership shall pay such Liquidated Damages using as much cash as is permitted without causing a breach of or default under such credit facility or other debt instrument and shall pay the balance of any such Liquidated Damages in kind in the form of the issuance of additional Common Units. Upon any issuance of Common Units as Liquidated Damages, the Partnership shall promptly (i) prepare and file an amendment to the Registration Statement prior to its effectiveness adding such Common Units to such Registration Statement as additional Registrable Securities and (ii) prepare and file a supplemental listing application with the NYSE (or such other national securities exchange on which the Common Units are then-listed and traded) to list such additional Common Units. The determination of the number of Common Units to be issued as Liquidated Damages shall be equal to quotient of (i) the dollar amount of the balance of such Liquidated Damages due to each such Purchaser divided by (ii) the volume-weighted average

 

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trading price of the Common Units on the NYSE, or any other national securities exchange on which the Common Units are then-traded, for the ten (10) trading days ending on the first trading day immediately preceding the date on which the Liquidated Damages payment is due, less a discount to such average closing price of 2.00%.  The payment of Liquidated Damages to a Purchaser shall cease at the earlier of (i) the Registration Statement becoming effective or (ii) when such Purchaser no longer holds Registrable Securities, assuming that each Holder is not an Affiliate of the Partnership, and any payment of Liquidated Damages shall be prorated for any period of less than 30 days in which the payment of Liquidated Damages ceases.  If the Partnership is unable to cause a Registration Statement to go effective within 90 days after the Closing Date as a result of an acquisition, merger, reorganization, disposition or other similar transaction, then the Partnership may request a waiver of the Liquidated Damages, and each Purchaser may individually grant or withhold its consent to such request in its discretion.

 

(c)           Termination of Purchaser’s Rights. A Purchaser’s rights (and any transferee’s rights pursuant to Section 2.11 of this Agreement) under this Section 2.01 shall terminate upon the termination of the Effectiveness Period.

 

Section 2.02          Piggyback Rights.

 

(a)           Participation.  If the Partnership proposes to file (i) a shelf registration statement other than the Registration Statement contemplated by Section 2.01(a), (ii) a prospectus supplement to an effective shelf registration statement, other than the Registration Statement contemplated by Section 2.01(a) of this Agreement and Holders may be included without the filing of a post-effective amendment thereto, or (iii) a registration statement, other than a shelf registration statement, in each case, for the sale of Common Units in an Underwritten Offering for its own account and/or another Person, then as soon as practicable following the engagement of counsel by the Partnership to prepare the documents to be used in connection with an Underwritten Offering, the Partnership shall give notice (including, but not limited to, notification by electronic mail) of such proposed Underwritten Offering to each Holder (together with its Affiliates) holding at least $15 million of the then-outstanding Registrable Securities (based on the Common Unit Price) and such notice shall offer such Holders the opportunity to include in such Underwritten Offering such number of Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing; provided, however, that if the Partnership has been advised by the Managing Underwriter that the inclusion of Registrable Securities for sale for the benefit of the Holders will have an adverse effect on the price, timing or distribution of the Common Units in the Underwritten Offering, then (A) if no Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, the Partnership shall not be required to offer such opportunity to the Holders or (B) if any Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, then the amount of Registrable  Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b).  Any notice required to be provided in this Section 2.02(a) to Holders shall be provided on a Business Day pursuant to Section 3.01 hereof and receipt of such notice shall be confirmed by the Holder.  Each such Holder shall then have two (2) Business Days (or one (1) Business Day in connection with any overnight or bought Underwritten Offering) after notice has been delivered to request in writing the inclusion of Registrable Securities in the Underwritten Offering.  If no written request for inclusion from a Holder is received within the specified time, each such Holder shall have no

 

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further right to participate in such Underwritten Offering.  If, at any time after giving written notice of its intention to undertake an Underwritten Offering and prior to the closing of such Underwritten Offering, the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering, the Partnership may, at its election, give written notice of such determination to the Selling Holders and, (x) in the case of a determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering.  Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Registrable Securities in such Underwritten Offering by giving written notice to the Partnership of such withdrawal at or prior to the time of pricing of such Underwritten Offering.  Any Holder may deliver written notice (an “Opt-Out Notice”) to the Partnership requesting that such Holder not receive notice from the Partnership of any proposed Underwritten Offering; provided, however, that such Holder may later revoke any such Opt-Out Notice in writing.  Following receipt of an Opt-Out Notice from a Holder (unless subsequently revoked), the Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by the Partnership pursuant to this Section 2.02(a).  The Holders indicated on Schedule A hereto as having opted out shall each be deemed to have delivered an Opt-Out Notice as of the date hereof.

 

(b)           Priority.  If the Managing Underwriter or Underwriters of any proposed Underwritten Offering advises the Partnership that the total amount of Registrable Securities that the Selling Holders and any other Persons intend to include in such offering exceeds the number that can be sold in such offering without being likely to have an adverse effect on the price, timing or distribution of the Common Units offered or the market for the Common Units, then the Common Units to be included in such Underwritten Offering shall include the number of Registrable Securities that such Managing Underwriter or Underwriters advises the Partnership can be sold without having such adverse effect, with such number to be allocated (i) first, to the Partnership and (ii) second, pro rata among the Selling Holders who have requested participation in such Underwritten Offering and any other holder of securities of the Partnership having rights of registration that are neither expressly senior nor subordinated to the Registrable Securities (the “Parity Securities”).  The pro rata allocations for each Selling Holder who has requested participation in such Underwritten Offering shall be the product of (a) the aggregate number of Registrable Securities proposed to be sold in such Underwritten Offering multiplied by (b) the fraction derived by dividing (x) the number of Registrable Securities owned on the Closing Date by such Selling Holder by (y) the aggregate number of Registrable Securities owned on the Closing Date by all Selling Holders plus the aggregate number of Parity Securities owned on the Closing Date by all holders of Parity Securities that are participating in the Underwritten Offering.

 

(c)           Termination of Piggyback Registration Rights.  Each Holder’s rights under this Section 2.02 shall terminate upon such Holder (together with its Affiliates) ceasing to hold at least $15 million of Registrable Securities (based on the Common Unit Price).  Each Holder shall notify the Partnership in writing when such Holder holds less than $15 million of Registrable Securities (based on the Common Unit Price).

 

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Section 2.03                             Delay Rights.

 

Notwithstanding anything to the contrary contained herein, the Partnership may, upon written notice to any Selling Holder whose Registrable Securities are included in the Registration Statement or other registration statement contemplated by this Agreement, suspend such Selling Holder’s use of any prospectus which is a part of the Registration Statement or other registration statement contemplated by this Agreement (in which event the Selling Holder shall discontinue sales of the Registrable Securities pursuant to the Registration Statement or such other registration statement but may settle any previously made sales of Registrable Securities) if (i) the Partnership  is pursuing an acquisition, merger, reorganization, disposition, financing or other similar transaction and the Partnership determines in good faith that the Partnership’s ability to pursue or consummate such a transaction would be materially adversely affected by any required disclosure of such transaction in the Registration Statement or such other registration statement or (ii) the Partnership has experienced some other material non-public event, the disclosure of which at such time, in the good faith judgment of the Partnership, would materially adversely affect the Partnership; provided, however, in no event shall the Selling Holders be suspended from selling Registrable Securities pursuant to the Registration Statement or such other registration statement for a period that exceeds an aggregate of 60 days in any 180-day period or 105 days in any 365-day period, in each case, exclusive of days covered by any lock-up agreement executed by a Selling Holder in connection with any Underwritten Offering.  Upon disclosure of such information or the termination of the condition described above, the Partnership shall provide prompt notice to the Selling Holders whose Registrable Securities are included in the Registration Statement or other registration statement contemplated by this Agreement, and shall promptly terminate any suspension of sales it has put into effect and shall take such other reasonable actions to permit registered sales of Registrable Securities as contemplated in this Agreement.

 

If (i) the Selling Holders shall be prohibited from selling their Registrable Securities under the Registration Statement or other registration statement contemplated by this Agreement as a result of a suspension pursuant to the immediately preceding paragraph in excess of the periods permitted therein or (ii) the Registration Statement or other registration statement contemplated by this Agreement is filed and declared effective but, during the Effectiveness Period, shall thereafter cease to be effective or fail to be usable for its intended purpose without being succeeded within 30 Business Days by a post-effective amendment thereto, a supplement to the prospectus or a report filed with the Commission pursuant to Section 13(a), 13(c), 14 or l5(d) of the Exchange Act, then, until the suspension is lifted or a post-effective amendment, supplement or report is filed with the Commission, but not including any day on which a suspension is lifted or such amendment, supplement or report is filed and declared effective, if applicable, the Partnership shall pay the Selling Holders an amount equal to the Liquidated Damages, following the earlier of (x) the date on which the suspension period exceeded the permitted period and (y) the thirty-first (31st) Business Day after the Registration Statement or other registration statement contemplated by this Agreement ceased to be effective or failed to be useable for its intended purposes, as liquidated damages and not as a penalty (for purposes of calculating Liquidated Damages, the date in (x) or (y) above shall be deemed the “90th day,” as used in the definition of Liquidated Damages).  For purposes of this paragraph, a suspension shall be deemed lifted on the date that notice that the suspension has been terminated is delivered to the Selling Holders.  Liquidated Damages pursuant to this paragraph shall cease to accrue

 

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upon the Purchased Units held of record by such Holder becoming eligible for resale without restriction and without the need for current public information under any section of Rule 144 (or any similar provision then in effect) under the Securities Act, assuming that such Holder is not an Affiliate of the Partnership, and any payment of Liquidated Damages shall be prorated for any period of less than 30 days in which the payment of Liquidated Damages ceases.

 

Section 2.04                             Underwritten Offerings.

 

(a)                                 General Procedures.  In connection with any Underwritten Offering under this Agreement, the Partnership shall be entitled to select the Managing Underwriter or Underwriters.  In connection with an Underwritten Offering contemplated by this Agreement in which a Selling Holder participates, each Selling Holder and the Partnership shall be obligated to enter into an underwriting agreement that contains such representations, covenants, indemnities and other rights and obligations as are customary in underwriting agreements for firm commitment offerings of securities.  No Selling Holder may participate in such Underwritten Offering unless such Selling Holder agrees to sell its Registrable Securities on the basis provided in such underwriting agreement and completes and executes all questionnaires, powers of attorney, indemnities and other documents reasonably required under the terms of such underwriting agreement.  Each Selling Holder may, at its option, require that any or all of the representations and warranties by, and the other agreements on the part of, the Partnership to and for the benefit of such underwriters also be made to and for such Selling Holder’s benefit and that any or all of the conditions precedent to the obligations of such underwriters under such underwriting agreement also be conditions precedent to its obligations.  No Selling Holder shall be required to make any representations or warranties to or agreements with the Partnership or the underwriters other than representations, warranties or agreements regarding such Selling Holder, its authority to enter into such underwriting agreement and to sell, and its ownership of, the securities being registered on its behalf, its intended method of distribution and any other representation required by Law.  If any Selling Holder disapproves of the terms of an underwriting, such Selling Holder may elect to withdraw therefrom by notice to the Partnership and the Managing Underwriter; provided, however, that such withdrawal must be made up to and including the time of pricing of such Underwritten Offering.  No such withdrawal or abandonment shall affect the Partnership’s obligation to pay Registration Expenses.  The Partnership’s management may but shall not be required to participate in a roadshow or similar marketing effort in connection with any Underwritten Offering.

 

(b)                                 No Demand Rights.  Notwithstanding any other provision of this Agreement, no Holder shall be entitled to any “demand” rights or similar rights that would require the Partnership to effect an Underwritten Offering solely on behalf of the Holders.

 

Section 2.05                             Sale Procedures.  In connection with its obligations under this Article II, the Partnership will, as expeditiously as possible:

 

(a)                                 prepare and file with the Commission such amendments and supplements to the Registration Statement and the prospectus and any prospectus supplement used in connection therewith as may be necessary to keep the Registration Statement effective for the Effectiveness Period and as may be necessary to comply with the provisions of the Securities Act with respect to the disposition of all Registrable Securities covered by the Registration Statement;

 

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(b)                                 if a prospectus or prospectus supplement will be used in connection with the marketing of an Underwritten Offering from the Registration Statement and the Managing Underwriter at any time shall notify the Partnership in writing that, in the sole judgment of such Managing Underwriter, inclusion of detailed information to be used in such prospectus or prospectus supplement is of material importance to the success of the Underwritten Offering of such Registrable Securities, the Partnership shall use its commercially reasonable efforts to include such information in such prospectus or prospectus supplement;

 

(c)                                  furnish to each Selling Holder (i) as far in advance as reasonably practicable before filing the Registration Statement or any other registration statement contemplated by this Agreement or any supplement or amendment thereto, upon request, copies of reasonably complete drafts of all such documents proposed to be filed (including exhibits and each document incorporated by reference therein to the extent then required by the rules and regulations of the Commission), and provide each such Selling Holder the opportunity to object to any information pertaining to such Selling Holder and its plan of distribution that is contained therein and make the corrections reasonably requested by such Selling Holder with respect to such information prior to filing the Registration Statement or such other registration statement or supplement or amendment thereto, and (ii) such number of copies of the Registration Statement or such other registration statement and the prospectus and any prospectus supplement included therein and any supplements and amendments thereto as such Selling Holder may reasonably request in order to facilitate the public sale or other disposition of the Registrable Securities covered by such Registration Statement or other registration statement;

 

(d)                                 if applicable, use its commercially reasonable efforts to register or qualify the Registrable Securities covered by the Registration Statement or any other registration statement contemplated by this Agreement under the securities or blue sky laws of such jurisdictions as the Selling Holders or, in the case of an Underwritten Offering, the Managing Underwriter, shall reasonably request; provided, however, that the Partnership will not be required to qualify generally to transact business in any jurisdiction where it is not then required to so qualify or to take any action that would subject it to general service of process in any such jurisdiction where it is not then so subject;

 

(e)                                  promptly notify each Selling Holder, at any time when a prospectus relating thereto is required to be delivered by any of them under the Securities Act, of (i) the filing of the Registration Statement or any other registration statement contemplated by this Agreement or any prospectus or prospectus supplement to be used in connection therewith, or any amendment or supplement thereto, and, with respect to such Registration Statement or any such other registration statement or any post-effective amendment thereto, when the same has become effective; and (ii) the receipt of any written comments from the Commission with respect to any filing referred to in clause (i) and any written request by the Commission for amendments or supplements to the Registration Statement or any such other registration statement or any prospectus or prospectus supplement thereto;

 

(f)                                   promptly notify each Selling Holder of (i) the happening of any event as a result of which the prospectus or prospectus supplement contained in the Registration Statement or any other registration statement contemplated by this Agreement, as then in effect, includes an untrue statement of a material fact or omits to state any material fact required to be stated therein or

 

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necessary to make the statements therein not misleading (in the case of any prospectus or prospectus supplement contained therein, in the light of the circumstances under which such statement is made); (ii) the issuance or express threat of issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement or any other registration statement contemplated by this Agreement, or the initiation of any proceedings for that purpose; or (iii) the receipt by the Partnership of any notification with respect to the suspension of the qualification of any Registrable Securities for sale under the applicable securities or blue sky laws of any jurisdiction.  Following the provision of such notice, the Partnership agrees, subject to Section 2.03 of this Agreement, to as promptly as practicable amend or supplement the prospectus or prospectus supplement or take other appropriate action so that the prospectus or prospectus supplement does not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances then existing and to take such other commercially reasonable action as is necessary to remove a stop order, suspension, threat thereof or proceedings related thereto;

 

(g)                                  upon request and subject to appropriate confidentiality obligations, furnish to each Selling Holder copies of any and all transmittal letters or other correspondence with the Commission or any other governmental agency or self-regulatory body or other body having jurisdiction (including any domestic or foreign securities exchange) relating to such offering of Registrable Securities;

 

(h)                                 in the case of an Underwritten Offering, furnish upon request, (i) an opinion of counsel for the Partnership dated the date of the closing under the underwriting agreement and (ii) a “comfort” letter, dated the pricing date of such Underwritten Offering and a letter of like kind dated the date of the closing under the underwriting agreement, in each case, signed by the independent public accountants who have certified the Partnership’s financial statements included or incorporated by reference into the applicable registration statement, and each of the opinion and the “comfort” letter shall be in customary form and covering substantially the same matters with respect to such registration statement (and the prospectus and any prospectus supplement included therein) as have been customarily covered in opinions of issuer’s counsel and in accountants’ letters delivered to the underwriters in Underwritten Offerings of securities by the Partnership and such other matters as such underwriters and Selling Holders may reasonably request;

 

(i)                                     otherwise use its commercially reasonable efforts to comply with all applicable rules and regulations of the Commission, and make available to its security holders, as soon as reasonably practicable, an earnings statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunder;

 

(j)                                    make available to the appropriate representatives of the Managing Underwriter and Selling Holders access to such information and Partnership personnel as is reasonable and customary to enable such parties to establish a due diligence defense under the Securities Act; provided, that the Partnership need not disclose any non-public information to any such representative unless and until such representative has entered into a confidentiality agreement with the Partnership;

 

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(k)                                 cause all such Registrable Securities registered pursuant to this Agreement to be listed on each securities exchange or nationally recognized quotation system on which similar securities issued by the Partnership are then listed;

 

(l)                                     use its commercially reasonable efforts to cause the Registrable Securities to be registered with or approved by such other governmental agencies or authorities as may be necessary by virtue of the business and operations of the Partnership to enable the Selling Holders to consummate the disposition of such Registrable Securities;

 

(m)                             provide a transfer agent and registrar for all Registrable Securities covered by such registration statement not later than the effective date of such registration statement;

 

(n)                                 enter into customary agreements and take such other actions as are reasonably requested by the Selling Holders or the underwriters, if any, in order to expedite or facilitate the disposition of such Registrable Securities; and

 

(o)                                 if requested by a Selling Holder, (i) incorporate in a prospectus or prospectus supplement or post-effective amendment to the Registration Statement or any other registration statement contemplated by this Agreement such information as such Selling Holder reasonably requests to be included therein relating to the sale and distribution of Registrable Securities, including information with respect to the number of Registrable Securities being offered or sold, the purchase price being paid therefor and any other terms of the offering of the Registrable Securities to be sold in such offering and (ii) make all required filings of such prospectus or prospectus supplement or post-effective amendment after being notified of the matters to be incorporated in such prospectus or prospectus supplement or post-effective amendment.

 

The Partnership shall not name a Holder as an underwriter as defined in Section 2(a)(11) of the Securities Act in any registration statement without such Holder’s consent. If the staff of the Commission requires the Partnership to name any Holder as an underwriter as defined in Section 2(a)(11) of the Securities Act, or the Partnership deems it advisable, on the advice of counsel, to so name any Holder, and such Holder does not consent thereto, then such Holder’s Registrable Securities shall not be included on the Registration Statement (or any other registration statement contemplated by this Agreement), such Holder shall no longer be entitled to receive Liquidated Damages under this Agreement with respect thereto, the Partnership shall have no further obligations hereunder with respect to Registrable Securities held by such Holder and such Holder shall be deemed to have terminated this Agreement with respect to such Holder.

 

Each Selling Holder, upon receipt of notice from the Partnership of the happening of any event of the kind described in subsection (f) of this Section 2.05, shall forthwith discontinue offers and sales of the Registrable Securities by means of a prospectus or prospectus supplement until such Selling Holder’s receipt of the copies of the supplemented or amended prospectus or prospectus supplement contemplated by subsection (f) of this Section 2.05 or until it is advised in writing by the Partnership that the use of the prospectus or prospectus supplement may be resumed and has received copies of any additional or supplemental filings incorporated by reference in the prospectus or prospectus supplement, and, if so directed by the Partnership, such Selling Holder will, or will request the Managing Underwriter(s), if any, to deliver to the Partnership (at the Partnership’s expense) all copies in their possession or control, other than

 

11











 

permanent file copies then in such Selling Holder’s possession, of the prospectus or prospectus supplement covering such Registrable Securities current at the time of receipt of such notice.

 

Section 2.06                             Cooperation by Holders.  The Partnership shall have no obligation to include in the Registration Statement, or in an Underwritten Offering pursuant to Section 2.02(a), Registrable Securities of a Holder who has failed to timely furnish such information that the Partnership determines, after consultation with its counsel, is reasonably required in order for the registration statement or prospectus or prospectus supplement, as applicable, to comply with the Securities Act.

 

Section 2.07                             Restrictions on Public Sale by Holders of Registrable Securities.  Each Holder of Registrable Securities agrees, if requested by the underwriters of an Underwritten Offering, to enter into a customary letter agreement with such underwriters providing such Holder will not effect any public sale or distribution of Registrable Securities during the 60 calendar day period beginning on the date of a prospectus or prospectus supplement filed with the Commission with respect to the pricing of any Underwritten Offering, provided that (i) the duration of the foregoing restrictions shall be no longer than the duration of the shortest restriction generally imposed by the underwriters on the Partnership or the officers, directors or any other Affiliate of the Partnership on whom a restriction is imposed and (ii) the restrictions set forth in this Section 2.07 shall not apply to any Registrable Securities that are included in such Underwritten Offering by such Holder. In addition, this Section 2.07 shall not apply to any Holder that is not entitled to participate in such Underwritten Offering, whether because such Holder delivered an Opt-Out Notice prior to receiving notice of the Underwritten Offering or because such Holder holds less than $15 million of the then-outstanding Registrable Securities.

 

Section 2.08                             Expenses.

 

(a)                                 Expenses.  The Partnership will pay all reasonable Registration Expenses as determined in good faith, including, in the case of an Underwritten Offering, whether or not any sale is made pursuant to such Underwritten Offering.  Each Selling Holder shall pay its pro rata share of all Selling Expenses in connection with any sale of its Registrable Securities hereunder.  In addition, except as otherwise provided in Section 2.09 hereof, the Partnership shall not be responsible for professional fees incurred by Holders in connection with the exercise of such Holders’ rights hereunder.

 

(b)                                 Certain Definitions.  “Registration Expenses” means all expenses incident to the Partnership’s performance under or compliance with this Agreement to effect the registration of Registrable Securities on the Registration Statement pursuant to Section 2.01(a) or an Underwritten Offering covered under this Agreement, and the disposition of such Registrable Securities, including, without limitation, all registration, filing, securities exchange listing and NYSE fees, all registration, filing, qualification and other fees and expenses of complying with securities or blue sky laws, fees of the Financial Industry Regulatory Authority, fees of transfer agents and registrars, all word processing, duplicating and printing expenses, any transfer taxes and the fees and disbursements of counsel and independent public accountants for the Partnership, including the expenses of any special audits or “comfort” letters required by or incident to such performance and compliance.  “Selling Expenses” means all underwriting fees,

 

12











 

discounts and selling commissions or similar fees or arrangements allocable to the sale of the Registrable Securities.

 

Section 2.09                             Indemnification.

 

(a)                                 By the Partnership.  In the event of a registration of any Registrable Securities under the Securities Act pursuant to this Agreement, the Partnership will indemnify and hold harmless each Selling Holder thereunder, its directors, officers, employees and agents and each Person, if any, who controls such Selling Holder within the meaning of the Securities Act and the Exchange Act, and its directors, officers, employees or agents (collectively, the “Selling Holder Indemnified Persons”), against any losses, claims, damages, expenses or liabilities (including reasonable attorneys’ fees and expenses) (collectively, “Losses”), joint or several, to which such Selling Holder Indemnified Person may become subject under the Securities Act, the Exchange Act or otherwise, insofar as such Losses (or actions or proceedings, whether commenced or threatened, in respect thereof) arise out of or are based upon any untrue statement or alleged untrue statement of any material fact (in the case of any prospectus or prospectus supplement, in the light of the circumstances under which such statement is made) contained in the Registration Statement or any other registration statement contemplated by this Agreement, any preliminary prospectus, preliminary prospectus supplement, free writing prospectus or final prospectus or prospectus supplement contained therein, or any amendment or supplement thereof, or arise out of or are based upon the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein (in the case of a prospectus or prospectus supplement, in the light of the circumstances under which they were made) not misleading, and will reimburse each such Selling Holder Indemnified Person for any legal or other expenses reasonably incurred by them in connection with investigating or defending any such Loss or actions or proceedings; provided, however, that the Partnership will not be liable in any such case if and to the extent that any such Loss arises out of or is based upon an untrue statement or alleged untrue statement or omission or alleged omission so made in conformity with information furnished by such Selling Holder Indemnified Person in writing specifically for use in the Registration Statement or such other registration statement contemplated by this Agreement, any preliminary prospectus, preliminary prospectus supplement, free writing prospectus, or final prospectus or prospectus supplement contained therein, or any amendment or supplement thereof.  Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of such Selling Holder Indemnified Person, and shall survive the transfer of such securities by such Selling Holder.

 

(b)                                 By Each Selling Holder.  Each Selling Holder agrees severally and not jointly to indemnify and hold harmless the Partnership, the General Partner, its directors, officers, employees and agents and each Person, if any, who controls the Partnership within the meaning of the Securities Act or of the Exchange Act, and its directors, officers, employees and agents, to the same extent as the foregoing indemnity from the Partnership to the Selling Holders, but only with respect to information regarding such Selling Holder furnished in writing by or on behalf of such Selling Holder expressly for inclusion in the Registration Statement or any other registration statement contemplated by this Agreement, any preliminary prospectus, preliminary prospectus supplement, free writing prospectus or final prospectus or prospectus supplement contained therein, or any amendment or supplement thereof; provided, however, that the liability of each Selling Holder shall not be greater in amount than the dollar amount of the proceeds (net

 

13











 

of any Selling Expenses) received by such Selling Holder from the sale of the Registrable Securities giving rise to such indemnification.

 

(c)                                  Notice.  Promptly after receipt by an indemnified party hereunder of notice of the commencement of any action, such indemnified party shall, if a claim in respect thereof is to be made against the indemnifying party hereunder, notify the indemnifying party in writing thereof, but the omission so to notify the indemnifying party shall not relieve it from any liability that it may have to any indemnified party other than under this Section 2.09.  In any action brought against any indemnified party, it shall notify the indemnifying party of the commencement thereof.  The indemnifying party shall be entitled to participate in and, to the extent it shall wish, to assume and undertake the defense thereof with counsel reasonably satisfactory to such indemnified party and, after notice from the indemnifying party to such indemnified party of its election so to assume and undertake the defense thereof, the indemnifying party shall not be liable to such indemnified party under this Section 2.09 for any legal expenses subsequently incurred by such indemnified party in connection with the defense thereof other than reasonable costs of investigation and of liaison with counsel so selected; provided, however, that, (i) if the indemnifying party has failed to assume the defense or employ counsel reasonably acceptable to the indemnified party or (ii) if the defendants in any such action include both the indemnified party and the indemnifying party and counsel to the indemnified party shall have concluded that there may be reasonable defenses available to the indemnified party that are different from or additional to those available to the indemnifying party, or if the interests of the indemnified party reasonably may be deemed to conflict with the interests of the indemnifying party, then the indemnified party shall have the right to select a separate counsel and to assume such legal defense and otherwise to participate in the defense of such action, with the reasonable expenses and fees of such separate counsel and other reasonable expenses related to such participation to be reimbursed by the indemnifying party as incurred.  Notwithstanding any other provision of this Agreement, no indemnifying party shall settle any action brought against any indemnified party with respect to which such indemnified party is entitled to indemnification hereunder without the consent of the indemnified party, unless the settlement thereof imposes no liability or obligation on, and includes a complete and unconditional release from all liability of, the indemnified party.

 

(d)                                 Contribution.  If the indemnification provided for in this Section 2.09 is held by a court or government agency of competent jurisdiction to be unavailable to any indemnified party or is insufficient to hold them harmless in respect of any Losses, then each such indemnifying party, in lieu of indemnifying such indemnified party, shall contribute to the amount paid or payable by such indemnified party as a result of such Loss in such proportion as is appropriate to reflect the relative fault of the indemnifying party on the one hand and of such indemnified party on the other in connection with the statements or omissions that resulted in such Losses, as well as any other relevant equitable considerations; provided, however, that in no event shall such Selling Holder be required to contribute an aggregate amount in excess of the dollar amount of proceeds (net of Selling Expenses) received by such Selling Holder from the sale of Registrable Securities giving rise to such indemnification.  The relative fault of the indemnifying party on the one hand and the indemnified party on the other shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission or alleged omission to state a material fact has been made by, or relates to, information supplied by such party, and the parties’ relative intent, knowledge, access to information and opportunity to

 

14











 

correct or prevent such statement or omission.  The parties hereto agree that it would not be just and equitable if contributions pursuant to this paragraph were to be determined by pro rata allocation or by any other method of allocation that does not take account of the equitable considerations referred to herein.  The amount paid by an indemnified party as a result of the Losses referred to in the first sentence of this paragraph shall be deemed to include any legal and other expenses reasonably incurred by such indemnified party in connection with investigating or defending any Loss that is the subject of this paragraph.  No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who is not guilty of such fraudulent misrepresentation.

 

(e)                                  Other Indemnification.  The provisions of this Section 2.09 shall be in addition to any other rights to indemnification or contribution that an indemnified party may have pursuant to law, equity, contract or otherwise.

 

Section 2.10                             Rule 144 Reporting.  With a view to making available the benefits of certain rules and regulations of the Commission that may permit the sale of the Registrable Securities to the public without registration, the Partnership agrees to:

 

(a)                                 use its commercially reasonable efforts to make and keep public information regarding the Partnership available, as those terms are understood and defined in Rule 144 under the Securities Act, at all times from and after the date hereof;

 

(b)                                 use its commercially reasonable efforts to file with the Commission in a timely manner all reports and other documents required of the Partnership under the Securities Act and the Exchange Act at all times from and after the date hereof; and

 

(c)                                  so long as a Holder owns any Registrable Securities, furnish (i) to the extent accurate, forthwith upon request, a written statement of the Partnership that it has complied with the reporting requirements of Rule 144 under the Securities Act, and (ii) unless otherwise available via EDGAR, to such Holder forthwith upon request a copy of the most recent annual or quarterly report of the Partnership, and such other reports and documents so filed as such Holder may reasonably request in availing itself of any rule or regulation of the Commission allowing such Holder to sell any such securities without registration.

 

Solely for purposes of this Section 2.10, the term “Registrable Securities” shall be read without regard to the limitation set forth in Section 1.02(e).

 

Section 2.11                             Transfer or Assignment of Registration Rights.  The rights to cause the Partnership to register Registrable Securities granted to the Purchasers by the Partnership under this Article II may be transferred or assigned by any Purchaser to one or more transferees or assignees of Registrable Securities; provided, however, that (a) unless the transferee or assignee is an Affiliate of, and after such transfer or assignment continues to be an Affiliate of, such Purchaser, the amount of Registrable Securities transferred or assigned to such transferee or assignee shall represent at least $15 million of Registrable Securities (based on the Common Unit Price), (b) the Partnership is given written notice prior to any said transfer or assignment, stating the name and address of each such transferee or assignee and identifying the securities with respect to which such registration rights are being transferred or assigned, (c) each such 

 

15











 

transferee or assignee assumes in writing responsibility for its portion of the obligations of such Purchaser under this Agreement and (d) the transferor or assignor is not relieved of any obligations or liabilities hereunder arising out of events occurring prior to such transfer.

 

Section 2.12                             Limitation on Subsequent Registration Rights.  From and after the date hereof, the Partnership shall not, without the prior written consent of the Holders of a majority of the Registrable Securities, enter into any agreement with any current or future holder of any securities of the Partnership that would allow such current or future holder to require the Partnership to include securities in any registration statement filed by the Partnership on a basis other than pari passu with, or expressly subordinate to the rights of, the Holders of Registrable Securities hereunder.

 

ARTICLE III
 MISCELLANEOUS

 

Section 3.01                             Communications.  All notices and other communications provided for or permitted hereunder shall be made in writing by facsimile, electronic mail, courier service or personal delivery:

 

(a)                                 if to a Purchaser, to the respective address listed on Schedule A hereof;

 

(b)                                 if to a transferee of a Purchaser, to such Holder at the address provided pursuant to Section 2.11 above; and

 

(c)                                  if to the Partnership:

 

Antero Midstream Partners LP
 1615 Wynkoop Street

Denver, Colorado 80202

Attention:  Glen C. Warren, Jr.
 Facsimile: (303) 357-7315)

 

with a copy to:

 

Vinson & Elkins L.L.P.

1001 Fannin Street

Suite 2500

Houston, Texas 77002

Attention: W. Matthew Strock
 Facsimile: (713) 615-5650

 

All such notices and communications shall be deemed to have been received at the time delivered by hand, if personally delivered; when receipt acknowledged, if sent via facsimile or sent via Internet electronic mail; and when actually received, if sent by courier service or any other means.

 

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Section 3.02                             Successor and Assigns.  This Agreement shall inure to the benefit of and be binding upon the successors and permitted assigns of each of the parties, including subsequent Holders of Registrable Securities to the extent permitted herein.

 

Section 3.03                             Assignment of Rights.  All or any portion of the rights and obligations of any Purchaser under this Agreement may be transferred or assigned by such Purchaser only in accordance with Section 2.11 hereof.

 

Section 3.04                             Recapitalization, Exchanges, Etc. Affecting the Units.  The provisions of this Agreement shall apply to the full extent set forth herein with respect to any and all units of the Partnership or any successor or assign of the Partnership (whether by merger, consolidation, sale of assets or otherwise) that may be issued in respect of, in exchange for or in substitution of, the Registrable Securities, and shall be appropriately adjusted for combinations, unit splits, recapitalizations, pro rata distributions of units and the like occurring after the date of this Agreement.

 

Section 3.05                             Aggregation of Registrable Securities .  All Registrable Securities held or acquired by Persons who are Affiliates of one another shall be aggregated together for the purpose of determining the availability of any rights and applicability of any obligations under this Agreement.

 

Section 3.06                             Specific Performance.  Damages in the event of breach of this Agreement by a party hereto may be difficult, if not impossible, to ascertain, and it is therefore agreed that each such Person, in addition to and without limiting any other remedy or right it may have, will have the right to an injunction or other equitable relief in any court of competent jurisdiction, enjoining any such breach, and enforcing specifically the terms and provisions hereof, and each of the parties hereto hereby waives any and all defenses it may have on the ground of lack of jurisdiction or competence of the court to grant such an injunction or other equitable relief.  The existence of this right will not preclude any such Person from pursuing any other rights and remedies at law or in equity that such Person may have.

 

Section 3.07                             Counterparts.  This Agreement may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which counterparts, when so executed and delivered, shall be deemed to be an original and all of which counterparts, taken together, shall constitute but one and the same Agreement. In the event that any signature is delivered by facsimile transmission or by e-mail delivery of a “.pdf” format data file, such signature shall create a valid and binding obligation of the party executing (or on whose behalf such signature is executed) with the same force and effect as if such facsimile or “.pdf” signature page were an original thereof.

 

Section 3.08                             Headings.  The headings in this Agreement are for convenience of reference only and shall not limit or otherwise affect the meaning hereof.

 

Section 3.09                             Governing Law.  THIS AGREEMENT WILL BE CONSTRUED IN ACCORDANCE WITH, AND GOVERNED BY, THE LAWS OF THE STATE OF NEW YORK.

 

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Section 3.10                             Severability of Provisions.  Any provision of this Agreement which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof or affecting or impairing the validity or enforceability of such provision in any other jurisdiction.

 

Section 3.11                             Entire Agreement.  This Agreement, the Common Unit Purchase Agreement and the other agreements and documents referred to herein are intended by the parties as a final expression of their agreement and intended to be a complete and exclusive statement of the agreement and understanding of the parties hereto in respect of the subject matter contained herein.  There are no restrictions, promises, warranties, representations or undertakings, other than those set forth or referred to herein with respect to the rights granted by the Partnership set forth herein.  This Agreement and the Common Unit Purchase Agreement supersede all prior agreements and understandings between the parties with respect to such subject matter.

 

Section 3.12                             Amendment.  This Agreement may be amended only by means of a written amendment signed by the Partnership and the Holders of a majority of the then outstanding Registrable Securities; provided, however, that no such amendment shall materially and adversely affect the rights of any Holder hereunder without the consent of such Holder.

 

Section 3.13                             No Presumption.  If any claim is made by a party relating to any conflict, omission or ambiguity in this Agreement, no presumption or burden of proof or persuasion shall be implied by virtue of the fact that this Agreement was prepared by or at the request of a particular party or its counsel.

 

Section 3.14                             Obligations Limited to Parties to Agreement.  Each of the parties hereto covenants, agrees and acknowledges that no Person other than the Purchasers (and their permitted transferees and assignees) and the Partnership shall have any obligation hereunder and that, notwithstanding that one or more of the Purchasers may be a corporation, partnership or limited liability company, no recourse under this Agreement or under any documents or instruments delivered in connection herewith or therewith shall be had against any former, current or future director, officer, employee, agent, general or limited partner, manager, member, stockholder or Affiliate of any of the Purchasers or any former, current or future director, officer, employee, agent, general or limited partner, manager, member, stockholder or Affiliate of any of the foregoing, whether by the enforcement of any assessment or by any legal or equitable proceeding, or by virtue of any applicable Law, it being expressly agreed and acknowledged that no personal liability whatsoever shall attach to, be imposed on or otherwise be incurred by any former, current or future director, officer, employee, agent, general or limited partner, manager, member, stockholder or Affiliate of any of the Purchasers or any former, current or future director, officer, employee, agent, general or limited partner, manager, member, stockholder or Affiliate of any of the foregoing, as such, for any obligations of the Purchasers under this Agreement or any documents or instruments delivered in connection herewith or therewith or for any claim based on, in respect of or by reason of such obligation or its creation, except in each case for any transferee or assignee of a Purchaser hereunder..

 

Section 3.15                             Independent Nature of Purchaser’s Obligations.  The obligations of each Purchaser (and their permitted transferees and assignees) under this Agreement are several and 

 

18











 

not joint with the obligations of any other Purchaser, and no Purchaser shall be responsible in any way for the performance of the obligations of any other Purchaser under this Agreement. Nothing contained herein, and no action taken by any Purchaser pursuant thereto, shall be deemed to constitute the Purchasers as a partnership, an association, a joint venture or any other kind of group or entity, or create a presumption that the Purchasers are in any way acting in concert or as a group with respect to such obligations or the transactions contemplated by this Agreement. Each Purchaser shall be entitled to independently protect and enforce its rights, including without limitation, the rights arising out of this Agreement, and it shall not be necessary for any other Purchaser to be joined as an additional party in any proceeding for such purpose..

 

Section 3.16                             Interpretation.  Article and Section references to this Agreement, unless otherwise specified.  All references to instruments, documents, contracts and agreements are references to such instruments, documents, contracts and agreements as the same may be amended, supplemented and otherwise modified from time to time, unless otherwise specified. The word “including” shall mean “including but not limited to.” Whenever any determination, consent or approval is to be made or given by a Holder under this Agreement, such action shall be in such Holder’s sole discretion unless otherwise specified.

 

[Signature pages to follow]

 

19












 

IN WITNESS WHEREOF, the parties hereto execute this Agreement, effective as of the date first above written.

 

	
 
    	
ANTERO   MIDSTREAM PARTNERS LP
    
	
 
    	
 
    
	
 
    	
By:   
    	
ANTERO   RESOURCES MIDSTREAM 
    
	
 
    	
 
    	
MANAGEMENT   LLC
    
	
 
    	
 
    	
(its   General Partner)
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Alvyn A. Schopp
    
	
 
    	
 
    	
Name:   
    	
Alvyn   A. Schopp
    
	
 
    	
 
    	
Title:
    	
Chief   Administrative Officer, Regional
    
	
 
    	
 
    	
Vice   President and Treasurer
    


 

Signature Page to Registration Rights Agreement

 











 

	
 
    	
AT   MLP FUND, LLC
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Chris Linder
    
	
 
    	
 
    	
Name:
    	
Chris   Linder
    
	
 
    	
 
    	
Title:
    	
Senior   Vice President
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
CENTER   COAST MLP &
    
	
 
    	
INFRASTRUCTURE FUND
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Rachel Hollowell
    
	
 
    	
 
    	
Name:
    	
Rachel   Hollowell
    
	
 
    	
 
    	
Title:
    	
Fund   Secretary
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
CLEARBRIDGE   ENERGY MLP FUND INC.
    
	
 
    	
 
    
	
 
    	
By:   
    	
ClearBridge   Investments, LLC, as 
    
	
 
    	
 
    	
discretionary   manager
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Terrence J. Murphy
    
	
 
    	
 
    	
Name:
    	
Terrence   J. Murphy
    
	
 
    	
 
    	
Title:
    	
Chief   Executive Officer
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
CLEARBRIDGE   ENERGY MLP TOTAL
    
	
 
    	
RETURN FUND INC.
    
	
 
    	
 
    
	
 
    	
By:   
    	
ClearBridge   Investments, LLC, as 
    
	
 
    	
 
    	
discretionary   manager
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Terrence J. Murphy
    
	
 
    	
 
    	
Name:
    	
Terrence   J. Murphy
    
	
 
    	
 
    	
Title:
    	
Chief   Executive Officer
    


 

Signature Page to Registration Rights Agreement

 











 

	
 
    	
CLEARBRIDGE   AMERICAN ENERGY MLP 
    
	
 
    	
FUND INC.
    
	
 
    	
 
    
	
 
    	
By:   
    	
ClearBridge   Investments, LLC, 
    
	
 
    	
 
    	
as   discretionary manager
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Terrence J. Murphy
    
	
 
    	
 
    	
Name:
    	
Terrence   J. Murphy
    
	
 
    	
 
    	
Title:
    	
Chief   Executive Officer
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
COHEN &   STEERS INFRASTRUCTURE
    
	
 
    	
FUND, INC.
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Tina M. Payne
    
	
 
    	
 
    	
Name:   
    	
Tina   M. Payne
    
	
 
    	
 
    	
Title:
    	
Assistant   Secretary
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
COHEN &   STEERS MLP INCOME AND 

ENERGY   OPPORTUNITY FUND, INC.
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Tina M. Payne
    
	
 
    	
 
    	
Name:
    	
Tina   M. Payne
    
	
 
    	
 
    	
Title:
    	
Assistant   Secretary
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
COHEN &   STEERS GLOBAL

INFRASTRUCTURE   FUND, INC.
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Tina M. Payne
    
	
 
    	
 
    	
Name:   
    	
Tina   M. Payne
    
	
 
    	
 
    	
Title:
    	
Assistant   Secretary
    


 

Signature Page to Registration Rights Agreement

 











 

	
 
    	
COHEN &   STEERS MLP & ENERGY 

OPPORTUNITY   FUND, INC.
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Tina M. Payne
    
	
 
    	
 
    	
Name:   
    	
Tina   M. Payne
    
	
 
    	
 
    	
Title:
    	
Assistant   Secretary
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
TEACHER’S   RETIREMENT SYSTEM OF 

OKLAHOMA
    
	
 
    	
 
    
	
 
    	
By:   Cushing Asset Management, LP, its investment 

adviser
    
	
 
    	
 
    
	
 
    	
By:   Swank Capital, LLC, its General Partner
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Jerry V. Swank
    
	
 
    	
 
    	
Name:   
    	
Jerry   V. Swank
    
	
 
    	
 
    	
Title:
    	
Managing   Member
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
CUSHING/SALI   MLP ALPHA TOTAL

 RETURN INSURANCE FUND SERIES OF 

SALI   MULTI-SERIES FUND, LP
    
	
 
    	
 
    
	
 
    	
By:   Cushing Asset Management, LP, its investment 

adviser
    
	
 
    	
 
    
	
 
    	
By:   Swank Capital, LLC, its General Partner
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Jerry V. Swank
    
	
 
    	
 
    	
Name:   
    	
Jerry   V. Swank
    
	
 
    	
 
    	
Title:
    	
Managing   Member
    


 

Signature Page to Registration Rights Agreement

 











 

	
 
    	
GOLDMAN   SACHS MLP ENERGY

INFRASTRUCTURE   FUND
    
	
 
    	
 
    
	
 
    	
By:   Goldman Sachs Asset Management, L.P., its 

Investment   Adviser
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Kyri Loupis
    
	
 
    	
 
    	
Name:   
    	
Kyri   Loupis
    
	
 
    	
 
    	
Title:
    	
Managing   Director
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
OPPENHEIMER   STEELPATH MLP SELECT 

40   FUND
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Brian D. Watson
    
	
 
    	
 
    	
Name:   
    	
Brian   D. Watson
    
	
 
    	
 
    	
Title:
    	
Senior   Vice President & Portfolio Manager
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
SALIENT   MLP FUND, L.P.
    
	
 
    	
 
    
	
 
    	
By:   Salient Capital Advisors, LLC, its Investment

Manager
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Gregory A. Reid
    
	
 
    	
 
    	
Name:   
    	
Gregory   A. Reid
    
	
 
    	
 
    	
Title:
    	
Managing   Director
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
SALIENT   MLP & ENERGY 

INFRASTRUCTURE   FUND II
    
	
 
    	
 
    
	
 
    	
By:   Salient Capital Advisors, LLC, its Investment 

Manager
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Gregory A. Reid
    
	
 
    	
 
    	
Name:   
    	
Gregory   A. Reid
    
	
 
    	
 
    	
Title:
    	
Managing   Director
    


 

Signature Page to Registration Rights Agreement

 











 

	
 
    	
SALIENT   MLP TOTAL RETURN FUND, L.P.
    
	
 
    	
 
    
	
 
    	
By:   Salient Capital Advisors, LLC, its Investment 

Manager
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
 /s/ Gregory A. Reid
    
	
 
    	
 
    	
Name:
    	
Gregory   A. Reid
    
	
 
    	
 
    	
Title:
    	
Managing   Director
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
COMMONWEALTH   OF PENNSYLVANIA 

PUBLIC   SCHOOL RETIREMENT SYSTEM
    
	
 
    	
 
    
	
 
    	
By:   Salient Capital Advisors, LLC, its Investment 

Manager
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Gregory A. Reid
    
	
 
    	
 
    	
Name:   
    	
Gregory   A. Reid
    
	
 
    	
 
    	
Title:
    	
Managing   Director
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
TINICUM   L.P.
    
	
 
    	
 
    
	
 
    	
By:   Tinicum Lantern III, LLC, its general partner
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Alfred C. Zedlitz III
    
	
 
    	
 
    	
Name:   
    	
Alfred   C. Zedlitz III
    
	
 
    	
 
    	
Title:
    	
Member
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
TINICUM   EMPLOYEES L.P.
    
	
 
    	
 
    
	
 
    	
By:   Tinicum Lantern III, LLC, its general partner
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Alfred C. Zedlitz III
    
	
 
    	
 
    	
Name:   
    	
Alfred   C. Zedlitz III
    
	
 
    	
 
    	
Title:
    	
Member
    


 

Signature Page to Registration Rights Agreement

 











 

	
 
    	
TINICUM   PARALLEL L.P.
    
	
 
    	
 
    
	
 
    	
By:   Tinicum Lantern III, LLC, its general partner
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Alfred C. Zedlitz III
    
	
 
    	
 
    	
Name:   
    	
Alfred   C. Zedlitz III
    
	
 
    	
 
    	
Title:
    	
Member
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
TTE   CP1 HP MORNING, L.P.
    
	
 
    	
 
    
	
 
    	
By:   Tinicum Lantern III, LLC, its general partner
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Alfred C. Zedlitz III
    
	
 
    	
 
    	
Name:   
    	
Alfred   C. Zedlitz III
    
	
 
    	
 
    	
Title:
    	
Member
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
TORTOISE   ENERGY INFRASTRUCTURE 

CORPORATION
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Brian Kessens
    
	
 
    	
 
    	
Name:
    	
Brian   Kessens
    
	
 
    	
 
    	
Title:
    	
Managing   Director
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
TORTOISE   POWER AND ENERGY 

INFRASTRUCTURE   FUND, INC.
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Brian Kessens
    
	
 
    	
 
    	
Name:   
    	
Brian   Kessens
    
	
 
    	
 
    	
Title:
    	
Managing   Director
    


 

Signature Page to Registration Rights Agreement

 











 

	
 
    	
TORTOISE   MLP FUND, INC.
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Brian Kessens
    
	
 
    	
 
    	
Name:   
    	
Brian   Kessens
    
	
 
    	
 
    	
Title:
    	
Managing   Director
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
TORTOISE   PIPELINE & ENERGY FUND,

INC.
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Brian Kessens
    
	
 
    	
 
    	
Name:   
    	
Brian   Kessens
    
	
 
    	
 
    	
Title:
    	
Managing   Director
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
TORTOISE   ENERGY INDEPENDENCE 

FUND, INC.
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Brian Kessens
    
	
 
    	
 
    	
Name:   
    	
Brian   Kessens
    
	
 
    	
 
    	
Title:
    	
Managing   Director
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
TORTOISE   MLP & PIPELINE FUND
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Brian Kessens
    
	
 
    	
 
    	
Name:   
    	
Brian   Kessens
    
	
 
    	
 
    	
Title:
    	
Managing   Director
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
TORTOISE   VIP MLP & PIPELINE

PORTFOLIO
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Brian Kessens
    
	
 
    	
 
    	
Name:   
    	
Brian   Kessens
    
	
 
    	
 
    	
Title:
    	
Managing   Director
    


 

Signature Page to Registration Rights Agreement

 











 

	
 
    	
ZP   ENERGY FUND, L.P.
    
	
 
    	
 
    
	
 
    	
By:   ZP Energy GP, LLC, its general partner
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Stuart J. Zimmer
    
	
 
    	
 
    	
Name:   
    	
Stuart   J. Zimmer
    
	
 
    	
 
    	
Title:
    	
Sole   Member
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
ZP   MASTER UTILITY FUND, LTD.
    
	
 
    	
 
    
	
 
    	
By:   Zimmer Partners, LP, its Investment Manager
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Stuart J. Zimmer
    
	
 
    	
 
    	
Name:   
    	
Stuart   J. Zimmer
    
	
 
    	
 
    	
Title:
    	
CEO
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
P   ZIMMER LTD.
    
	
 
    	
 
    
	
 
    	
By:   Zimmer Partners, LP, its Investment Manager
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Stuart J. Zimmer
    
	
 
    	
 
    	
Name:   
    	
Stuart   J. Zimmer
    
	
 
    	
 
    	
Title:
    	
CEO
    


 

Signature Page to Registration Rights Agreement

 












 

Schedule A

 

Purchaser Name; Notice and Contact Information; Opt-Out Election

 

	
Purchaser Name
    	
 
    	
Notice and Contact Information
    	
 
    	
Tax I.D.
   Number
    	
 
    	
Opt-Out Election
   per Section
   2.02(a)
    
	
AT MLP Fund, LLC
    	
 
    	
Atlantic Trust Group, LLC

1700 Lincoln Street, Suite 2250

Denver, CO 80203

Attn: Amanda Garvey

(720) 221-5056

agarvey@atlantictrust.com
    	
 
    	
20-8004829
    	
 
    	
Yes-Opt Out
    
	
Center Coast MLP & Infrastructure Fund
    	
 
    	
1600 Smith Street, Suite 3800

Houston, TX 77002

(713) 759-1400

trading@centercoastcap.com
    	
 
    	
90-1011829
    	
 
    	
No-Not Opting Out
    
	
ClearBridge Energy Total Return MLP Fund Inc
    	
 
    	
ClearBridge Investments, LLC

620 8th Avenue, 47th Floor

New York, NY 10018

Attn: Patrick J. Collier

(212) 805-2509

pjcollier@clearbridge.com

 

Attn: Frank Cusumano

(212) 805-2004

fcusuman@clearbridge.com
    	
 
    	
45-4960969
    	
 
    	
Yes-Opt Out
    
	
ClearBridge American Energy MLP Fund Inc
    	
 
    	
ClearBridge Investments, LLC

620 8th Avenue, 47th Floor

New York, NY 10018

Attn: Patrick J. Collier

(212) 805-2509

pjcollier@clearbridge.com

 

Attn: Frank Cusumano

(212) 805-2004

fcusuman@clearbridge.com
    	
 
    	
46-2078197
    	
 
    	
Yes-Opt Out
    
	
ClearBridge Energy MLP Fund Inc
    	
 
    	
ClearBridge Investments, LLC

620 8th Avenue, 47th Floor

New York, NY 10018

Attn: Patrick J. Collier

(212) 805-2509

pjcollier@clearbridge.com

 

Attn: Frank Cusumano

(212) 805-2004

fcusuman@clearbridge.com
    	
 
    	
27-228239
    	
 
    	
Yes-Opt Out
    


 

Schedule A to Registration Rights Agreement

 











 

	
Cohen & Steers Infrastructure   Fund, Inc.
    	
 
    	
Cohen & Steers Capital   Management, Inc.

280 Park Ave.

New York, NY 10017

Attn: General Counsel

(212) 832-3232
    	
 
    	
73-1696084
    	
 
    	
No-Not Opting Out
    
	
Cohen & Steers Global Infrastructure   Fund, Inc.
    	
 
    	
Cohen & Steers Capital   Management, Inc.

280 Park Ave.

New York, NY 10017

Attn: General Counsel

(212) 832-3232
    	
 
    	
20-0864377
    	
 
    	
No-Not Opting Out
    
	
Cohen & Steers MLP Income and Energy   Opportunity Fund, Inc.
    	
 
    	
Cohen & Steers Capital   Management, Inc.

280 Park Ave.

New York, NY 10017

Attn: General Counsel

(212) 832-3232
    	
 
    	
46-1881137
    	
 
    	
No-Not Opting Out
    
	
Cohen & Steers MLP & Energy   Opportunity Fund, Inc.
    	
 
    	
Cohen & Steers Capital   Management, Inc.

280 Park Ave.

New York, NY 10017

Attn: General Counsel

(212) 832-3232
    	
 
    	
46-4104641
    	
 
    	
No-Not Opting Out
    
	
Teacher’s Retirement System of Oklahoma
    	
 
    	
Swank Capital, LLC

8117 Preston Road, Suite 440

Dallas, TX 75225

Attn: Guillermo Femat

(214) 635-1708

gfemat@swankcapital.com
    	
 
    	
73-6028563
    	
 
    	
No-Not Opting Out
    
	
Cushing/Sali MLP Alpha Total Return Insurance Fund   Series of Sali Multi-Series Fund, LP
    	
 
    	
Swank Capital, LLC

8117 Preston Road, Suite 440

Dallas, TX 75225

Attn: Guillermo Femat

(214) 635-1708

gfemat@swankcapital.com
    	
 
    	
47-2859436
    	
 
    	
No-Not Opting Out
    
	
Goldman Sachs MLP Energy Infrastructure Fund
    	
 
    	
Goldman Sachs Asset Management, L.P

200 West Street

New York, New York 10282

Attn: Ganesh Jois

(212) 934-3061

ganesh.jois@gs.com
    	
 
    	
46-1975704
    	
 
    	
No-Not Opting Out
    
	
Oppenheimer SteelPath MLP Select 40 Fund
    	
 
    	
OFI SteelPath, Inc.

2100 McKinney Avenue, Suite 1401

Dallas, TX 75201

Attn: Sean Wells

(214) 740-6063

swells@ofiglobal.com
    	
 
    	
84-1128397
    	
 
    	
No-Not Opting Out
    
	
Salient MLP Fund LP
    	
 
    	
Attn: MLP Operations

4265 San Felipe, Suite 800

Houston, TX 77027

Matt Hibbetts: (713) 548-2626

Paula Canlas: (714) 548-2603

DL-MLPOperations@salientpartners.com
    	
 
    	
26-0751228
    	
 
    	
No-Not Opting Out
    


 

Schedule A to Registration Rights Agreement

 











 

	
Salient MLP Total Return Fund, L.P.
    	
 
    	
Attn: MLP Operations

4265 San Felipe, Suite 800

Houston, TX 77027

Matt Hibbetts: (713) 548-2626

Paula Canlas: (714) 548-2603

DL-MLPOperations@salientpartners.com
    	
 
    	
36-4763606
    	
 
    	
No-Not Opting Out
    
	
Salient MLP & Energy Infrastructure Fund II
    	
 
    	
Attn: MLP Operations

4265 San Felipe, Suite 800

Houston, TX 77027

Matt Hibbetts: (713) 548-2626

Paula Canlas: (714) 548-2603

DL-MLPOperations@salientpartners.com
    	
 
    	
45-5216026
    	
 
    	
No-Not Opting Out
    
	
Commonwealth of Pennsylvania Public School   Employees’ Retirement System
    	
 
    	
Attn: MLP Operations

4265 San Felipe, Suite 800

Houston, TX 77027

Matt Hibbetts: (713) 548-2626

Paula Canlas: (714) 548-2603

DL-MLPOperations@salientpartners.com
    	
 
    	
23-1739115
    	
 
    	
No-Not Opting Out
    
	
Tinicum L.P.
    	
 
    	
Tinicum Incorporated

One Maritime Plaza, Suite 1650

San Francisco, CA 94111

Attn: Alfred C. Zedlitz III

(415) 391-7899

tzedlitz@tinicum.com

 

With a copy to:

Matthew Lombardi

Chief Compliance Officer

Tinicum Incorporated

800 Third Ave, 40th Fl.

New York, NY 10022

(212) 446-9306

mlombardi@tinicum.com
    	
 
    	
45-4023705
    	
 
    	
No-Not Opting Out
    
	
TTE CP1 HP Morning, L.P.
    	
 
    	
Tinicum Incorporated

One Maritime Plaza, Suite 1650

San Francisco, CA 94111

Attn: Alfred C. Zedlitz III

(415) 391-7899

tzedlitz@tinicum.com

 

With a copy to:

Matthew Lombardi

Chief Compliance Officer

Tinicum Incorporated

800 Third Ave, 40th Fl.

New York, NY 10022

(212) 446-9306

mlombardi@tinicum.com.
    	
 
    	
47-1024253
    	
 
    	
No-Not Opting Out
    


 

Schedule A to Registration Rights Agreement

 











 

	
Tinicum Employees L.P.
    	
 
    	
Tinicum Incorporated

One Maritime Plaza, Suite 1650

San Francisco, CA 94111

Attn: Alfred C. Zedlitz III

(415) 391-7899

tzedlitz@tinicum.com

 

With a copy to:

Matthew Lombardi

Chief Compliance Officer

Tinicum Incorporated

800 Third Ave, 40th Fl.

New York, NY 10022

(212) 446-9306

mlombardi@tinicum.com
    	
 
    	
45-4016102
    	
 
    	
No-Not Opting Out
    
	
Tinicum Parallel L.P.
    	
 
    	
Tinicum Incorporated

One Maritime Plaza, Suite 1650

San Francisco, CA 94111

Attn: Alfred C. Zedlitz III

(415) 391-7899

tzedlitz@tinicum.com

 

With a copy to:

Matthew Lombardi

Chief Compliance Officer

Tinicum Incorporated

800 Third Ave, 40th Fl.

New York, NY 10022

(212) 446-9306

mlombardi@tinicum.com
    	
 
    	
45-4015818
    	
 
    	
No-Not Opting Out
    
	
Tortoise Energy

Infrastructure

Corporation
    	
 
    	
Tortoise Capital Advisors

11550 Ash Street, Suite 300

Leawood, KS 66211

Attn: Brent Behrens

(913) 890-2179

bbehrens@tortoiseadvisors.com
    	
 
    	
20-0384222
    	
 
    	
No-Not Opting Out
    
	
Tortoise Power and

Energy Infrastructure

Fund, Inc.
    	
 
    	
Tortoise Capital Advisors

11550 Ash Street, Suite 300

Leawood, KS 66211

Attn: Brent Behrens

(913) 890-2179

bbehrens@tortoiseadvisors.com
    	
 
    	
26-0573018
    	
 
    	
No-Not Opting Out
    
	
Tortoise MLP Fund,

Inc.
    	
 
    	
Tortoise Capital Advisors

11550 Ash Street, Suite 300

Leawood, KS 66211

Attn: Brent Behrens

(913) 890-2179

bbehrens@tortoiseadvisors.com
    	
 
    	
27-2414975
    	
 
    	
No-Not Opting Out
    


 

Schedule A to Registration Rights Agreement

 











 

	
Tortoise Pipeline &

Energy Fund, Inc.
    	
 
    	
Tortoise Capital Advisors

11550 Ash Street, Suite 300

Leawood, KS 66211

Attn: Brent Behrens

(913) 890-2179

bbehrens@tortoiseadvisors.com
    	
 
    	
45-2785066
    	
 
    	
No-Not Opting Out
    
	
Tortoise Energy

Independence Fund,

Inc.
    	
 
    	
Tortoise Capital Advisors

11550 Ash Street, Suite 300

Leawood, KS 66211

Attn: Brent Behrens

(913) 890-2179

bbehrens@tortoiseadvisors.com
    	
 
    	
45-5176345
    	
 
    	
No-Not Opting Out
    
	
Tortoise MLP &

Pipeline Fund
    	
 
    	
Tortoise Capital Advisors

11550 Ash Street, Suite 300

Leawood, KS 66211

Attn: Brent Behrens

(913) 890-2179

bbehrens@tortoiseadvisors.com
    	
 
    	
27-4934655
    	
 
    	
No-Not Opting Out
    
	
Tortoise VIP MLP &

Pipeline Portfolio
    	
 
    	
Tortoise Capital Advisors

11550 Ash Street, Suite 300

Leawood, KS 66211

Attn: Brent Behrens

(913) 890-2179

bbehrens@tortoiseadvisors.com
    	
 
    	
46-4868167
    	
 
    	
No-Not Opting Out
    
	
ZP Energy Fund, L.P.
    	
 
    	
Zimmer Partners, LP

888 Seventh Avenue, 23rd Floor

New York, NY 10106

Attn: Barbara Burger

(212) 440-4046

bburger@zimmerpartners.com
    	
 
    	
36-4788936
    	
 
    	
No-Not Opting Out
    


 

Schedule A to Registration Rights Agreement