EX-4.1




 Exhibit 4.1 

REGISTRATION RIGHTS AGREEMENT 

BY AND AMONG 
 WESTLAKE
CHEMICAL PARTNERS LP 
 AND 

THE PURCHASERS 











 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
	 	 Mandatory Registration
	  	 	3	 
	 Section 2.02
	 	 Failure to File or Become Effective; Liquidated Damages
	  	 	4	 
	 Section 2.03
	 	 Blackout and Delay Rights
	  	 	4	 
	 Section 2.04
	 	 Sale Procedures
	  	 	5	 
	 Section 2.05
	 	 Cooperation by Holders
	  	 	8	 
	 Section 2.06
	 	 Expenses
	  	 	8	 
	 Section 2.07
	 	 Indemnification
	  	 	8	 
	 Section 2.08
	 	 Rule 144 Reporting
	  	 	10	 
	 Section 2.09
	 	 Transfer or Assignment of Registration Rights
	  	 	10	 
		
	 ARTICLE III MISCELLANEOUS
	  	 	10	 
			
	 Section 3.01
	 	 Communications
	  	 	10	 
	 Section 3.02
	 	 Successor and Assigns
	  	 	11	 
	 Section 3.03
	 	 Assignment of Rights
	  	 	11	 
	 Section 3.04
	 	 Recapitalization, Exchanges, Etc. Affecting the Common Units
	  	 	11	 
	 Section 3.05
	 	 Aggregation of Registrable Securities
	  	 	11	 
	 Section 3.06
	 	 Specific Performance
	  	 	11	 
	 Section 3.07
	 	 Counterparts
	  	 	12	 
	 Section 3.08
	 	 Headings
	  	 	12	 
	 Section 3.09
	 	 Governing Law
	  	 	12	 
	 Section 3.10
	 	 Severability of Provisions
	  	 	12	 
	 Section 3.11
	 	 Entire Agreement
	  	 	13	 
	 Section 3.12
	 	 Amendment
	  	 	13	 
	 Section 3.13
	 	 No Presumption
	  	 	13	 
	 Section 3.14
	 	 Obligations Limited to Parties to Agreement
	  	 	13	 
	 Section 3.15
	 	 Independent Nature of Purchaser’s Obligations
	  	 	13	 
	 Section 3.16
	 	 Interpretation
	  	 	14	 


  
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 REGISTRATION RIGHTS AGREEMENT 

This REGISTRATION RIGHTS AGREEMENT (this “Agreement”) is made and entered into as of March 29, 2019, by and among
Westlake Chemical Partners LP, a Delaware limited partnership (the “Partnership”), and each of the Persons set forth on Schedule A to the Purchase Agreement (as defined below) (each, a
“Purchaser” and collectively, the “Purchasers”). 
 WHEREAS, this Agreement is made in connection with the
Closing of the issuance and sale of the Purchased Units pursuant to that certain Common Unit Purchase Agreement, dated as of March 26, 2019, by and among the Partnership and the Purchasers (the “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 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 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. 

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

“Business Day” means any day other than a Saturday, Sunday, any federal holiday or any other day on which banking
institutions located in the State of Texas are authorized or required to be closed by law or governmental action. 

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

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

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












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

“General Partner” means Westlake Chemical Partners GP LLC, a Delaware limited liability company and the general partner of
the Partnership. 
 “Liquidated Damages” has the meaning specified therefor in Section 2.02(a) of
this Agreement. 
 “Liquidated Damages Multiplier” means the product obtained by multiplying (x) the Common Unit Price
by (y) the number of Registrable Securities held by a Holder 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 successor rule or regulation to Rule
144 then in force) under the Securities Act. 
 “Mandatory Shelf Filing Date” has the meaning specified therefore in
Section 2.01 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. 

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

“Purchaser” and “Purchasers” have the meanings specified therefor in the introductory paragraph of this
Agreement. 
 “Registrable Securities” means the Common Units to be acquired by the Purchasers pursuant to the Purchase
Agreement and includes any type of interest issued to the Holder as a result of Section 3.04. 

“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, and the disposition of such Registrable Securities, including, without limitation, all registration,
filing, securities exchange listing and New York Stock Exchange 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, Inc., 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 “cold comfort” letters required by or incident to such performance and compliance. 
 “Registration
Statement” has the meaning specified therefor in Section 2.01 of this Agreement. 

  
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 “Selling Holder” means a Holder who is selling Registrable Securities
pursuant to a registration statement. 
 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 2.09 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, assuming the Holder of such Registrable Security is not an affiliate (as defined in Rule 144(a)(1)) of the Partnership. 

ARTICLE II 

REGISTRATION RIGHTS 

Section 2.01    Mandatory Registration. Following the date hereof, but no later than 30 days following the
Closing Date (such date, the “Mandatory Shelf Filing 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) of the Securities Act with respect to all of the Registrable Securities (the “Registration Statement”). The Registration Statement filed pursuant to this
Section 2.01 shall be on such appropriate registration form or forms of the Commission as shall be selected by the Partnership so long as it 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
filing. Any Registration Statement shall provide for the resale pursuant to any method or combination of methods legally available to, and reasonably 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 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 the Registration Statement cease 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. 

  
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 Section 2.02    Failure to File or Become Effective; Liquidated
Damages. 
 (a)    If the Partnership has not filed the Registration Statement with the Commission on or prior to the
Mandatory Shelf Filing Date, then each Holder shall be entitled to a payment (with respect to each Registrable Security held by the Holder), as liquidated damages and not as a penalty, in an amount equal to 0.25% of the Liquidated Damages Multiplier
of such Holder for the first 30-day period and (ii) an additional 0.25% of the Liquidated Damages Multiplier of such Holder with respect to each subsequent 30-day period, up to a maximum amount of 1.00% of the Liquidated Damages Multiplier of
such Holder (the “Liquidated Damages”), which shall accrue daily until such date that the Partnership has filed the Registration Statement with the Commission. 

(b)    If the Registration Statement is not declared effective by the Commission on or before the earlier of (i) if
the Registration Statement is subject to review by the Commission, ninety (90) days following the date on which the Partnership has filed the Registration Statement with the Commission, and (ii) if the Registration Statement is not subject
to review by the Commission, ten (10) days following the date of receipt of such notice from the Commission (such earlier date, the “Effectiveness Deadline”), then each Holder shall be entitled to a payment (with respect to
each Registrable Security held by the Holder), as liquidated damages and not as a penalty, of Liquidated Damages of such Holder, which shall accrue daily until such date that the Registration Statement is declared effective by the Commission;
provided, however, if the Effectiveness Deadline occurs during a period when the Commission is not declaring registration statements under the Securities Act effective (e.g., during a shutdown of the U.S. federal government), than the
Effectiveness Deadline shall be extended to the third Business Day following the date that the Commission can again declare such registration statements effective. 

(c)    The Liquidated Damages shall be paid to each Holder in cash within ten (10) Business Days following the last
day of 30-day period that the Holders are entitled to such Liquidated Damages. Any payments made pursuant to this Section 2.02 shall constitute the Holders’ exclusive remedy for such events. Any Liquidated Damages due
under this Section 2.02 shall be paid to the Holders in immediately available funds. The obligation to pay the Liquidated Damages to a Holder pursuant to this Section 2.02 shall cease at such time
as the Registrable Securities become eligible for resale by such Holder under Rule 144 of the Securities Act without regard to any volume or manner of sale restrictions. 

Section 2.03    Blackout and Delay Rights. Notwithstanding anything to the contrary contained herein: 

(a)    the Partnership shall not be required to file a Registration Statement (or any amendment thereto) or, if a
Registration Statement has been filed but not declared effective by the Commission, request effectiveness of such Registration Statement, for a period of up to 60 days, if (A) the General Partner determines in good faith that a postponement is
in the best interest of the Partnership and its equityholders generally due to a pending transaction involving the Partnership (including a pending securities offering by the Partnership, or any proposed financing, acquisition, merger, tender offer,
business combination, corporate reorganization, consolidation or other significant transaction involving the Partnership), (B) the General Partner determines such registration would render the Partnership unable to comply with applicable 

  
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securities laws, (C) the General Partner determines such registration would require disclosure of material information that the Partnership has a bona fide business purpose for preserving as
confidential, or (D) audited financial statements as of a date other than the fiscal year end of the Partnership would be required to be prepared; provided, however, that in no event shall any such period exceed an aggregate of 90
days in any 365-day period; and 
 (b)    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 (in which event the Selling Holder shall discontinue sales of the Registrable Securities pursuant to the Registration Statement or other registration statement contemplated by this Agreement but may settle any previously made
sales of Registrable Securities) if (i) the General Partner determines that such use would be required to make disclosure of material information in the Registration Statement that the Partnership has a bona fide business purpose for preserving
as confidential 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 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 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. 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, 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. 
 Section 2.04    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 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; 

(b)    make available 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 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; 

  
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 (c)    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 shall
reasonably request in writing by the time the Registration Statement is declared effective by the Commission; 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; 

(d)    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 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 other registration statement or any prospectus
or prospectus supplement thereto; 
 (e)    promptly notify each Selling Holder, at any time when a prospectus relating
thereto is required to be delivered under the Securities Act, 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 necessary to make the statements therein not misleading (in the case of any
prospectus contained therein, in the light of the circumstances under which a 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 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; 

(f)    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 the Registration
Statement; 

  
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 (g)    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; 
 (h)    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; 

(i)    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; 

(j)    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; and 
 (k)    if requested by a Selling Holder,
(i) incorporate in a prospectus supplement or post-effective amendment 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 supplement or post-effective amendment after being notified of the matters to be incorporated in such prospectus supplement or post-effective amendment. 

The Partnership will 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, and such Holder does not consent thereto, then such
Holder’s Registrable Securities shall not be included on the Registration Statement and the Partnership shall have no further obligations hereunder with respect to Registrable Securities held by such Holder. 

Each Selling Holder, upon receipt of notice from the Partnership of the happening of any event of the kind described in subsection (e)
of this Section 2.04, 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 contemplated by subsection (e) of this Section 2.04 or until it is advised in writing by the Partnership that the use of the prospectus may be resumed and has received copies of any additional or
supplemental filings incorporated by reference in the prospectus, and, if so directed by the Partnership, such Selling Holder will deliver to the Partnership (at the Partnership’s expense) all copies in their possession or control, other than
permanent file copies then in such Selling Holder’s possession, of the prospectus covering such Registrable Securities current at the time of receipt of such notice. 

  
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 Section 2.05    Cooperation by Holders. The Partnership
shall have no obligation to include Registrable Securities of a Holder in the Registration Statement 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 supplement, as applicable, to comply with the Securities Act. 

Section 2.06    Expenses. The Partnership will pay all reasonable Registration Expenses as determined in good
faith. In addition, except as otherwise provided in Section 2.07 hereof, the Partnership shall not be responsible for legal fees incurred by Holders in connection with the exercise of such Holders’ rights hereunder.

 Section 2.07    Indemnification. 

(a)    Indemnification by the Partnership. In the event of any registration of any securities of the Partnership
under the Securities Act pursuant to this Agreement, the Partnership will, and hereby does agree to, indemnify and hold harmless the seller of any Registrable Securities covered by such registration statement, its directors and officers, each other
Person who participates in the offering or sale of such securities and each other Person, if any, who controls such seller, within the meaning of the Securities Act, against any losses, claims, damages or liabilities, joint or several, to which such
seller or any such director or officer or controlling person may become subject, under the Securities Act or otherwise, insofar as such losses, claims, damages or liabilities (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 contained in any registration statement under which such securities were registered under the Securities Act, any preliminary prospectus,
final prospectus or summary prospectus contained therein, or any amendment or supplement thereto, or any omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein not
misleading, in light of the circumstances under which a statement is made, and the Partnership will reimburse such seller and each such director, officer, and controlling person for any legal or any other expenses reasonably incurred by them in
connection with investigating or defending any such loss, claim, liability, action or proceeding; provided that the Partnership shall not be liable in any such case to the extent that any such loss, claim, damage, liability (or action or
proceeding in respect thereof) or expense arises out of or is based upon an untrue statement or alleged untrue statement or omission or alleged omission made in such registration statement, any such preliminary prospectus, final prospectus, summary
prospectus, amendment or supplement in reliance upon and in conformity with information regarding such seller furnished by such seller (or any representative of such seller) to the Partnership in writing or electronically specifically stating that
it is for use in the preparation thereof. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of such seller or any such director, officer or controlling person and shall survive the transfer of
such securities by such seller. 
 (b)    Indemnification by the Sellers. The Partnership may require, as a
condition to including any Registrable Securities in any registration statement filed pursuant to Section 2.01 

  
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above, that the Partnership shall have received an undertaking satisfactory to it from the prospective seller of such securities, to indemnify and hold harmless (in the same manner and to the
same extent as set forth in Section 2.07(a) above) the Partnership, the General Partner, each director of the General Partner, each officer of the General Partner and each other Person, if any, who controls the Partnership
or the General Partner within the meaning of the Securities Act, with respect to any statement or alleged statement in or omission or alleged omission from such registration statement, any preliminary prospectus, final prospectus or summary
prospectus contained therein, or any amendment or supplement thereto, if such statement or alleged statement or omission or alleged omission was made in reliance upon and in conformity with information regarding such seller furnished by such seller
(or any representative of such seller) to the Partnership in writing or electronically specifically stating that it is for use in the preparation of such registration statement, preliminary prospectus, final prospectus, summary prospectus, amendment
or supplement. The maximum liability of each seller for any such indemnification shall not exceed the amount of proceeds received by such seller from the sale of his/her/its Registrable Securities. Such indemnity shall remain in full force and
effect, regardless of any investigation made by or on behalf of the Partnership or any such director, officer or controlling Person and shall survive the transfer of such securities by such seller. 

(c)    Notices of Claims, etc. Promptly after receipt by an indemnified party of notice of the commencement of any
action or proceeding involving a claim referred to in Section 2.07(a) or (b) above, such indemnified party will, if a claim in respect thereof is to be made against an indemnifying party, give written notice to
the latter of the commencement of such action; provided that the failure of any indemnified party to give notice as provided herein shall not relieve the indemnifying party of its obligations under Section 2.07(a) or
(b) above, except to the extent that the indemnifying party is actually prejudiced by such failure to give notice. In case any such action is brought against an indemnified party, unless in such indemnified party’s reasonable
judgment a conflict of interest between such indemnified and indemnifying parties may exist in respect of such claim, the indemnifying party shall be entitled to participate in and to assume the defense thereof, jointly with any other indemnifying
party similarly notified to the extent that it may wish, 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 the defense thereof, the
indemnifying party shall not be liable to such indemnified party for any legal or other expenses subsequently incurred by the latter in connection with the defense thereof other than reasonable costs of investigation. No indemnifying party shall,
without the consent of the indemnified party, consent to entry of any judgment or enter into any settlement that does not include as an unconditional term thereof the giving by the claimant or plaintiff to such indemnified party of a release from
all liability in respect to such claim or litigation. 
 (d)    Other Indemnification. Indemnification similar to
that specified in Sections 2.07(a), (b) and (c) above (with appropriate modifications) shall be given by the Partnership and each seller of Registrable Securities with respect to any required registration
or other qualification of securities under any Federal or state law or regulation of any governmental authority other than the Securities Act. 

(e)    Indemnification Payments. The indemnification required by this Section 2.07 shall
be made by periodic payments of the amount thereof during the course of the investigation or defense, as and when bills are received or expense, loss, damage or liability is incurred. 

  
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 Section 2.08    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 use its commercially reasonable efforts to:

 (a)    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)    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, 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. 
 Section 2.09    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 $20.0 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, and (c) each such transferee or assignee
assumes in writing responsibility for its portion of the obligations of such Purchaser under this Agreement. 
 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 to the Purchase Agreement 

(b)    if to a transferee of an Purchaser, to such Holder at the address provided pursuant to
Section 2.09 above; and 

  
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 (c)    if to the Partnership: 

Westlake Chemical Partners LP 

2801 Post Oak Boulevard, Suite 600 

Houston, Texas 77056 
 Attention:
L. Benjamin Ederington 
 Facsimile: (713) 585-2900 

Electronic mail: bederington@westlake.com 

with a copy to: 

Vinson & Elkins L.L.P. 

1001 Fannin Street 
 Suite 2500

 Houston, Texas 77002 

Attention: E. Ramey Layne 

Facsimile: (713) 758-4629 

Electronic mail: rlayne@velaw.com 

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. 

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 2.09 hereof. 

Section 3.04    Recapitalization, Exchanges, Etc. Affecting the Common Units. The provisions of this Agreement
shall apply to the full extent set forth herein with respect to any and all Common 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 Common 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 

  
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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, AND ALL
CLAIMS OR CAUSES OF ACTION (WHETHER IN CONTRACT OR TORT) THAT MAY BE BASED UPON, ARISE OUT OF OR RELATE TO THIS AGREEMENT OR THE NEGOTIATION, EXECUTION OR PERFORMANCE OF THIS AGREEMENT (INCLUDING ANY CLAIM OR CAUSE OF ACTION BASED UPON, ARISING OUT
OF OR RELATED TO ANY REPRESENTATION OR WARRANTY MADE IN OR IN CONNECTION WITH THIS AGREEMENT), WILL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF DELAWARE WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAWS. ANY ACTION
AGAINST ANY PARTY RELATING TO THE FOREGOING SHALL BE BROUGHT IN ANY FEDERAL OR STATE COURT OF COMPETENT JURISDICTION LOCATED WITHIN THE STATE OF DELAWARE, AND THE PARTIES HERETO HEREBY IRREVOCABLY SUBMIT TO THE
NON-EXCLUSIVE JURISDICTION OF ANY FEDERAL OR STATE COURT LOCATED WITHIN THE STATE OF DELAWARE OVER ANY SUCH ACTION. THE PARTIES HEREBY IRREVOCABLY WAIVE, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY
OBJECTION THAT THEY MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY SUCH DISPUTE BROUGHT IN SUCH COURT OR ANY DEFENSE OF INCONVENIENT FORUM FOR THE MAINTENANCE OF SUCH DISPUTE. EACH OF THE PARTIES HERETO AGREES THAT A JUDGMENT IN ANY SUCH
DISPUTE MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW. 

Section 3.10    Severability of Provisions. Any provision of this Agreement that 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. 

  
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 Section 3.11    Entire Agreement. This Agreement, the
Purchase Agreement and 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 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 supersedes 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. 
 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 under this Agreement are several and 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. 

  
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 Section 3.16    Interpretation. Article and Section
references are 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 an Purchaser under this
Agreement, such action shall be in such Purchaser’s sole discretion unless otherwise specified. 
 [Signature pages to follow]


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

			
	WESTLAKE CHEMICAL PARTNERS LP
		
	By:	 	WESTLAKE CHEMICAL PARTNERS GP LLC, its general partner
		
	By:	 	 /s/ Albert Chao

	Name:	 	Albert Chao
	Title:	 	President and Chief Executive Officer



  
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Registration Rights Agreement 












 
			
	TTWFGP LLC
		
	By:	 	 /s/ Albert Chao

	Name:	 	Albert Chao
	Title:	 	Authorized Representative



  
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Registration Rights Agreement 












 
			
	TORTOISE ENERGY INFRASTRUCTURE CORPORATION
		
	By:	 	 TORTOISE CAPITAL ADVISORS, L.L.C.

as its Investment Advisor

		
	By:	 	 /s/ Brian A. Kessens

	Name:	 	Brian A. Kessens
	Title:	 	Managing Director



  
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Registration Rights Agreement 












 
			
	TORTOISE MIDSTREAM ENERGY FUND, INC.
		
	By:	 	 TORTOISE CAPITAL ADVISORS, L.L.C.

as its Investment Advisor

		
	By:	 	 /s/ Brian A. Kessens

	Name:	 	Brian A. Kessens
	Title:	 	Managing Director



  
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	TORTOISE PIPELINE & ENERGY FUND, INC.
		
	By:	 	 TORTOISE CAPITAL ADVISORS, L.L.C.

as its Investment Advisor

		
	By:	 	 /s/ Brian A. Kessens

	Name:	 	Brian A. Kessens
	Title:	 	Managing Director



  
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	TORTOISE POWER AND ENERGY INFRASTRUCTURE FUND, INC.
		
	By:	 	 TORTOISE CAPITAL ADVISORS, L.L.C.

as its Investment Advisor

		
	By:	 	 /s/ Brian A. Kessens

	Name:	 	Brian A. Kessens
	Title:	 	Managing Director



  
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	TORTOISE MLP & PIPELINE FUND
		
	By:	 	 TORTOISE CAPITAL ADVISORS, L.L.C.

as its Investment Advisor

		
	By:	 	 /s/ Brian A. Kessens

	Name:	 	Brian A. Kessens
	Title:	 	Managing Director



  
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	TORTOISE DIRECT OPPORTUNITIES FUND II, LP
		
	By:	 	TORTOISE DIRECT OPPORTUNITIES GP II LLC, its General Partner
		
	By:	 	 /s/ Kyle Krueger

	Name:	 	Kyle Krueger
	Title:	 	Director



  
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	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



  
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	SALIENT MLP & MIDSTREAM INCOME FUND, L.P.
		
	By:	 	Salient Capital Advisors, LLC Its Investment Manager
		
	By:	 	 /s/ Gregory A. Reid

	Name:	 	Gregory A. Reid
	Title:	 	Managing Director



  
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Registration Rights Agreement 












 
			
	SALIENT MLP & ENERGY INFRASTRUCTURE FUND
		
	By:	 	Salient Capital Advisors, LLC Its Investment Manager
		
	By:	 	 /s/ Gregory A. Reid

	Name:	 	Gregory A. Reid
	Title:	 	Managing Director



  
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	SALIENT MIDSTREAM & MLP FUND
		
	By:	 	Salient Capital Advisors, LLC Its Investment Manager
		
	By:	 	 /s/ Gregory A. Reid

	Name:	 	Gregory A. Reid
	Title:	 	Managing Director



  
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	STATE OF UTAH, SCHOOL AND INSTITUTIONAL TRUST FUNDS
		
	By:	 	 /s/ Ryan Kulig

	Name:	 	Ryan Kulig
	Title:	 	Administrative Analyst



  
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	CLEARBRIDGE TACTICAL DIVIDEND INCOME FUND
		
	By:	 	CLEARBRIDGE INVESTMENTS, LLC as discretionary manager
		
	By:	 	 /s/ Scott Glasser

	Name:	 	Scott Glasser
	Title:	 	co-Chief Investment Officer



  
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	LMP CAPITAL AND INCOME FUND INC.
		
	By:	 	CLEARBRIDGE INVESTMENTS, LLC as discretionary manager
		
	By:	 	 /s/ Scott Glasser

	Name:	 	Scott Glasser
	Title:	 	co-Chief Investment Officer



  
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	HITE HEDGE LP
		
	By:	 	 /s/ James Jampel

	Name:	 	James Jampel
	Title:	 	General Partner of the General Partner



  
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	HITE HEDGE QP LP
		
	By:	 	 /s/ James Jampel

	Name:	 	James Jampel
	Title:	 	General Partner of the General Partner



  
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	FS ENERGY TOTAL RETURN FUND
		
	By:	 	 /s/ Michael C. Forman

	Name:	 	Michael C. Forman
	Title:	 	President and CEO



  
 Signature Page to
Registration Rights Agreement