REGISTRATION RIGHTS AGREEMENT



 Exhibit 10.2 
 REGISTRATION RIGHTS AGREEMENT 
 This REGISTRATION RIGHTS AGREEMENT (this
“Agreement”) is made and entered into as of April 3, 2007, by and among Magellan Midstream Holdings, L.P., a Delaware limited partnership (the “Partnership”), and the Purchasers listed on the signature pages to
this Agreement (each, a “Purchaser” and collectively, the “Purchasers”). 
 WHEREAS, this Agreement is made
in connection with the Closing of the sale of the Purchased Units pursuant to the Common Unit Purchase Agreement, dated as of April 3, 2007, by and among MGG Midstream Holdings, L.P., a Delaware limited partnership, the Partnership and the
Purchasers (the “Purchase Agreement”); 
 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; and 
 WHEREAS, it is a condition to the
obligations of each Purchaser and the Partnership under the Purchase Agreement that this Agreement be executed and delivered. 
 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 is 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 a specified Person, any other Person, whether now in existence or hereafter created, directly or indirectly controlling, controlled by or under direct or indirect common control with such specified Person. For purposes of this definition,
“control” (including, with correlative meanings, “controlling,” “controlled by,” and “under common control with”) means the power to direct or cause the direction of the management and policies of such Person,
directly or indirectly, whether through the ownership of voting securities, by contract or otherwise. 
 “Agreement” has the
meaning specified in the introductory paragraph. 
 “Effectiveness Period” has the meaning specified therefor in
Section 2.01(a) of this Agreement. 
 “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 the product of $24.50 times the number of Registrable Securities
held by such Purchaser. 
 “Losses” has the meaning specified therefor in Section 2.08(a) of this Agreement.

 “Managing Underwriter” means, with respect to any Underwritten Offering, the book-running lead manager of such
Underwritten Offering. 
 “NYSE” means The New York Stock Exchange, Inc. 
 “Opt-Out Notice” has the meaning specified in Section 2.02(a). 
 “Partnership” has the meaning specified in the introductory paragraph. 
 “Partnership GP” means Magellan Midstream Holdings GP, LLC, a Delaware limited liability company and the general partner of the
Partnership. 
 “Purchase Agreement” has the meaning specified in the Recitals of this Agreement. 
 “Purchaser” and “Purchasers” have the meanings specified in the introductory paragraph of this Agreement. 

“Registrable Securities” means the Purchased Units, 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 in
Section 2.07(b) of this Agreement. 
 “Selling Expenses” has the meaning specified in Section 2.07(b) of this
Agreement. 
 “Selling Holder” means a Holder who is selling Registrable Securities pursuant to a registration statement.

 “Shelf Registration Statement” means a registration statement on Form S-3 under the Securities Act to permit the resale
of the Registrable Securities from time to time, including as permitted by Rule 415 under the Securities Act (or any similar provision then in force under the Securities Act). 
 “Underwritten Offering” means an offering (including an offering pursuant to a Shelf 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 when (a) a registration statement covering such Registrable Security has been declared effective by the
Commission and such Registrable Security has been sold or 

  

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disposed of pursuant to such effective registration statement; (b) such Registrable Security has been disposed of pursuant to any section of Rule 144
(or any similar provision then in force under the Securities Act); (c) such Registrable Security can be disposed of pursuant to Rule 144(k) (or any similar provision then in force under the Securities Act) by the Holder, (d) such
Registrable Security is held by the Partnership or one of its Affiliates; or (e) such Registrable Security has been sold in a private transaction in which the transferor’s rights under this Agreement are not assigned to the transferee of
such securities. 
 ARTICLE II 
 REGISTRATION RIGHTS 
 Section 2.01 Shelf Registration. 
 (a) Deadline To Go Effective. As soon as practicable following the Closing, but in any event within 60 days of the Closing, the Partnership shall
prepare and file a Shelf Registration Statement under the Securities Act with respect to all of the Registrable Securities. The Partnership shall use its commercially reasonable efforts to cause the Shelf Registration Statement to become effective
no later than 180 days after the date of the Closing. The Partnership will use its commercially reasonable efforts to cause the Shelf Registration Statement filed pursuant to this Section 2.01 to be continuously effective under the
Securities Act until the earliest of (i) when all such Registrable Securities are sold by the Purchasers and (ii) when all of the Registrable Securities become eligible for resale under Rule 144(k) (or any successor provision then in force
under the Securities Act) by the Holder (the “Effectiveness Period”). The Shelf Registration Statement when declared 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 (and, in the case of the prospectus contained in such Shelf Registration Statement, in the light of the circumstances under which a statement is made). 
 (b) Failure To Go Effective. If the Shelf Registration Statement required by Section 2.01 is not declared effective within 180 days
after Closing, 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 for the first
60 days following the 180th day, increasing by an additional 0.25% of the Liquidated Damages Multiplier per 30-day period for each subsequent 60 days, up to a maximum of 1.00% of the Liquidated Damages Multiplier per 30-day period (the
“Liquidated Damages”); provided, however, the aggregate amount of Liquidated Damages payable by the Partnership under this Agreement to each Purchaser shall not exceed 10% of the Liquidated Damages Multiplier with
respect to such Purchaser. The Liquidated Damages payable pursuant to the immediately preceding sentence shall be payable within ten Business Days after the end of each such 30-day period. Any Liquidated Damages shall be paid to each Purchaser in
immediately available funds. The payment of the Liquidated Damages to a Purchaser shall cease at such time as the Purchased Units of such Purchaser become eligible for resale under Rule 144(k) under the Securities Act. As soon as practicable
following the date that the Shelf Registration Statement becomes effective, but in any event within three Business Days of such date, the Partnership shall provide the Purchasers with written notice of the effectiveness of the Shelf Registration
Statement. 
  

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 (c) Waiver of Liquidated Damages. If the Partnership is unable to cause a Shelf Registration
Statement to go effective within the 180 days 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 Holder may individually
grant or withhold its consent to such request in its discretion. A Purchaser’s rights (and any transferee’s rights pursuant to Section 2.10) under this Section 2.01 shall terminate upon the termination of the
Effectiveness Period. 
 (d) 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 Shelf Registration Statement, suspend such Selling Holder’s use of any prospectus that is a part of the Shelf Registration Statement (in which event the
Selling Holder shall discontinue sales of the Registrable Securities pursuant to the Shelf Registration Statement, but such Selling Holder may settle any prior sales of Registrable Securities) if (i) the Partnership is pursuing an acquisition,
merger, reorganization, disposition 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 Shelf 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 Purchasers be suspended for a period that exceeds an aggregate of 60 days in any 180-day period or 90 days in any 365-day period, in each case,
exclusive of the days covered by any lock-up executed by a Purchaser 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 Shelf Registration Statement, and shall promptly terminate any suspension of sales it has put into effect and shall take such other actions to permit registered sales of
Registrable Securities as contemplated in this Agreement. 
 Section 2.02 Piggyback Rights. 
 (a) Participation. If at any time the Partnership proposes to file (i) a prospectus supplement to an effective shelf registration statement,
including the Shelf Registration Statement contemplated by Section 2.01, or (ii) a registration statement, other than a shelf registration statement, in either case, for the sale of Common Units in an Underwritten Offering for its
own account and/or another Person, then as soon as practicable but not less than three (3) Business Days prior to the filing of (x) any preliminary prospectus supplement relating to such Underwritten Offering pursuant to Rule 424(b) under
the Securities Act, (y) the prospectus supplement relating to such Underwritten Offering pursuant to Rule 424(b) under the Securities Act (if no preliminary prospectus supplement is used) or (z) such registration statement, as the case may
be, then, the Partnership shall give notice of such proposed Underwritten Offering to the Holders and such notice shall offer the 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 

  

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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 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); and provided, further, that the Partnership shall not be obligated to include any Registrable Securities in any Underwritten Offering unless the Holders request inclusion of at least $5 million of
Registrable Securities in such offering. The 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. Each such Holder shall then have two Business
Days after receiving such notice to request inclusion of Registrable Securities in the Underwritten Offering, except that such Holder shall have one Business Day after such Holder confirms receipt of the notice to request inclusion of Registrable
Securities in the Underwritten Offering in the case of a “bought deal” or “overnight transaction” where no preliminary prospectus is used. If no request for inclusion from a Holder is received within the specified time, each such
Holder shall have no 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 offering by giving written notice to the Partnership of such withdrawal up to and including the time of pricing of such offering. Each Holder’s rights under this
Section 2.02(a) shall terminate upon the first to occur of (A) such Holder (together with any Affiliates of such Holder) holding less than $20 million of Purchased Units, based on the purchase price per unit under the Purchase
Agreement and (B) two years from the sale of the Registrable Securities to the Purchasers. Notwithstanding the foregoing, any Holder holding greater than $20 million of Purchased Units, based on the purchase price per unit under the Purchase
Agreement, 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, that, such Holder may later revoke
any such Opt Out Notice. 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). 
 (b)
Priority. If the Managing Underwriter or Underwriters of any proposed Underwritten Offering of Common Units included in an Underwritten Offering involving Included Registrable Securities advises that the total amount of Common Units 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 Common Units that such Managing Underwriter or Underwriters advises can be sold without 

  

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having such adverse effect, with such number to be allocated (i) first, to the Partnership and any of its affiliates, and (ii) second, pro rata
among the Selling Holders and any other Persons who have been or are granted registration rights on or after the date of this Agreement (“Other Holders”) who have requested participation in such Underwritten Offering (based, for
each such Selling Holder or Other Holder, on the percentage computed, for each Selling Holder or Other Holder, on the fraction derived by dividing (x) the number of Common Units proposed to be sold by such Selling Holder in such Underwritten
Offering by (y) the aggregate number of Common Units proposed to be sold by all Selling Holders in such Underwritten Offering). As of the date of execution of this Agreement, there are no other Persons with Registration Rights relating to the
Common Units other than pursuant to this Agreement and Section 7.12 of the Partnership Agreement. 
 Section 2.03 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 shall affect the Partnership’s obligation to pay Registration Expenses. If Holders holding at least $20 million of Purchased Units based on the purchase price per unit under the Purchase Agreement
request, 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 of Registrable Securities shall be entitled to any
“demand” rights or similar rights that would require the Partnership to effect an Underwritten Offering solely on behalf of such Holder. 
  

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 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 Shelf
Registration Statement and the prospectus used in connection therewith as may be necessary to keep the Shelf 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 Shelf Registration Statement; 
 (b) if a prospectus supplement
will be used in connection with the marketing of an Underwritten Offering from the Shelf 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 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 supplement; 
 (c) furnish to each Selling Holder (i) as far in advance as reasonably practicable
before filing the Shelf 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 Shelf Registration Statement or such other registration
statement or supplement or amendment thereto, and (ii) such number of copies of the Shelf Registration Statement or such other registration statement and the prospectus included therein and any supplements and amendments thereto as such Persons
may reasonably request in order to facilitate the public sale or other disposition of the Registrable Securities covered by such Shelf Registration Statement or other registration statement; 
 (d) if applicable, use its commercially reasonable efforts to register or qualify the Registrable Securities covered by the Shelf 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 and each underwriter, at any
time when a prospectus relating thereto is required to be delivered under the Securities Act, of (i) the filing of the Shelf 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 Shelf Registration Statement or any other registration statement or any post-effective amendment thereto, when the same has


  

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become effective; and (ii) 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 Shelf Registration Statement or any other registration statement or any prospectus or prospectus supplement thereto; 
 (f) immediately notify each Selling Holder and each underwriter, 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 Shelf 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 the prospectus contained therein, in the light of the circumstances under which a statement is made); (ii) the issuance
or threat of issuance by the Commission of any stop order suspending the effectiveness of the Shelf 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 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 “cold 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 “cold 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; 
  

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 (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; 
 (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 Purchaser, (i) as soon as practicable incorporate in a prospectus supplement or post-effective amendment such information as such Purchaser 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) as soon as practicable 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.

 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 2.04, shall forthwith discontinue disposition of the Registrable Securities until such Selling Holder’s receipt of the copies of the supplemented or amended prospectus contemplated by subsection (f) 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, or will request the managing underwriter or underwriters, if any, to 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. 
 Section 2.05 Cooperation by Holders. The Partnership shall have no obligation to include in the Shelf Registration Statement, or in an Underwritten Offering pursuant to Section 2.02(a), Common Units of a
Selling Holder who has failed to timely furnish such information that, in the opinion of counsel to the Partnership, is reasonably required in order for the registration statement or prospectus supplement, as applicable, to comply with the
Securities Act. 
  

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 Section 2.06 Restrictions on Public Sale by Holders of Registrable Securities. For a period of one
year following the Closing Date, each Holder of Registrable Securities who is included in the Shelf Registration Statement agrees not to effect any public sale or distribution of the Registrable Securities during the 30-day period beginning on the
date of pricing of an Underwritten Offering of equity securities by the Partnership (except as provided in this Section 2.06); provided, however, that the duration of the foregoing restrictions shall be no longer than the
duration of the shortest restriction generally imposed by the underwriters on the officers or directors or any other unitholder of the Partnership on whom a restriction is imposed. In addition, the lock-up provisions in this Section 2.06
shall not apply with respect to a Holder that (A) owns less than $20 million of Purchased Units, based on the purchase price per unit under the Purchase Agreement, (B) has delivered an Opt-Out Notice to the Partnership pursuant to
Section 2.02(a) or (C) has submitted a notice requesting the inclusion of Registrable Securities in an Underwritten Offering pursuant to Section 2.02(a) but is unable to do so as a result of the priority provisions
contained in Section 2.02(b). 
 Section 2.07 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 all Selling Expenses in connection with any sale of its Registrable Securities hereunder. In addition, except as otherwise provided in
Section 2.08 hereof, the Partnership shall not be responsible for legal 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 Shelf Registration Statement pursuant to Section 2.01 or an Underwritten Offering covered under this Agreement, and the disposition of such
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 National
Association of Securities Dealers, 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. “Selling Expenses” means all underwriting fees, discounts and selling
commissions allocable to the sale of the Registrable Securities. 
 Section 2.08 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 underwriter, pursuant to the applicable underwriting agreement with such underwriter, of Registrable Securities
thereunder and each Person, if any, who controls such Selling Holder or 

  

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underwriter within the meaning of the Securities Act and the Exchange Act, and its directors, officers, employees or agents, against any losses, claims,
damages, expenses or liabilities (including reasonable attorneys’ fees and expenses) (collectively, “Losses”), joint or several, to which such Selling Holder, director, officer, employee, agent or underwriter or controlling
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, in light of the circumstances under which such statement is made) contained in the Shelf Registration Statement or any other registration statement contemplated by this Agreement,
any preliminary prospectus or 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, in light of the circumstances under which they were made) not misleading, and will reimburse each such Selling
Holder, its directors, officers, employee and agents, each such underwriter and each such controlling 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 strict conformity with information furnished by such Selling Holder, its directors, officers, employees and agents or any underwriter or such controlling Person in writing specifically for use in the Shelf Registration Statement
or such other registration statement, or prospectus or any amendment or supplement thereto, as applicable. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of such Selling Holder or any such
directors, officers, employees agents or any underwriter or controlling 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, 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 Shelf Registration Statement or prospectus supplement relating to the Registrable Securities, or any
amendment or supplement thereto; provided, however, that the liability of each Selling Holder shall not be greater in amount than the dollar amount of the proceeds (net 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 2.08. 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, 

  

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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 2.08 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 an
indemnified party with respect to which it 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 2.08 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 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. 
  

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 (e) Other Indemnification. The provisions of this Section 2.08 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 2.09 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 Exchange Act at all times from and after the date hereof; and 
 (c) So long as a Holder owns any Registrable Securities, furnish 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 2.10 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 transferee(s) or assignee(s) of such Registrable Securities or counterparties to any total return swaps;
provided, however, that, except with respect to a total return swap, (a) unless such transferee is an Affiliate of such Purchaser, each such transferee or assignee holds Registrable Securities representing at least $20 million of
the Purchased Units, based on the purchase price per unit under the Purchase Agreement, (b) the Partnership is given written notice prior to any said transfer or assignment, stating the name and address of each such transferee and identifying
the securities with respect to which such registration rights are being transferred or assigned, and (c) each such transferee assumes in writing responsibility for its portion of the obligations of such Purchaser under this Agreement.

 Section 2.11 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 outstanding Registrable Securities, (i) 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 that is superior in any way to the piggyback rights granted to the Purchasers hereunder or (ii) grant registration rights to any
other Person that would be superior to the Purchasers’ registration rights hereunder. 
  

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 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 Purchaser,
to the address set forth in Schedule B to the Purchase Agreement, with a copy to Andrews Kurth LLP, 1350 I Street, NW, Suite 1100, Washington, D.C. 20005, Attention: Bill Cooper, Facsimile: (202) 662-2739; 
 (b) if to a transferee of Purchaser, to such Holder at the address provided pursuant to Section 2.10 above; and 
 (c) if to the Partnership at Magellan Midstream Holdings, L.P., c/o Magellan Midstream Holdings GP, LLC, One Williams Center, P.O. Box 22186, Tulsa,
Oklahoma 74121-2186, Facsimile: (918) 574-7039 Attn: Lonny E. Townsend, with a copy to Vinson & Elkins L.L.P., 1001 Fannin St., Suite 2500, Houston, Texas 77002, Attention: Dan Fleckman, Facsimile: (713) 615-5859. 
 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 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 in accordance with Section 2.10 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 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
and the like occurring after the date of this Agreement. 
 Section 3.05 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.

  

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 Section 3.06 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.

 Section 3.07 Headings. The headings in this Agreement are for convenience of reference only and shall not limit or otherwise affect
the meaning hereof. 
 Section 3.08 Governing Law. The Laws of the State of New York shall govern this Agreement without regard to
principles of conflicts of Laws. 
 Section 3.09 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. 
 Section 3.10 Entire Agreement. This Agreement is 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 and the Purchase Agreement supersede all prior agreements and understandings between the parties
with respect to such subject matter. 
 Section 3.11 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 3.12 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 3.13 Aggregation of Purchased Units. All Purchased Units 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 under this Agreement. 
 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 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 Purchaser 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 

  

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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 by 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 assignee of a Purchaser hereunder. 
 Section 3.15 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 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. 
  

			
	MAGELLAN MIDSTREAM HOLDINGS, L.P.
		
	By:	 	 MAGELLAN MIDSTREAM HOLDINGS
 GP, LLC, its General
Partner

		
	By:	 	/s/ John D. Chandler
	Name:	 	John D. Chandler
	Title:	 	Vice President, Chief Financial Officer & Treasurer


 Signature Page to Registration Rights Agreement 








			
	KAYNE ANDERSON MLP INVESTMENT COMPANY
		
	By:	 	/s/ James C. Baker
		 	Name: James C. Baker
		 	Title: Vice President


 Signature Page to Registration Rights Agreement 








			
	KAYNE ANDERSON CAPITAL ADVISORS, L.P.
	
	On Behalf of:
	
	Kayne Anderson Capital Income Partners (QP), LP
	Kayne Anderson MLP Fund, LP
	Kayne Anderson Non-Traditional Investments, LP
	Kayne Anderson Energy Infrastructure Fund, LP
		
	By:	 	/s/ David Shladovsky
		 	Name: David Shladovsky
		 	Title: General Counsel


 Signature Page to Registration Rights Agreement 








			
	GPS INCOME FUND LP
		
	By:	 	GPS Partners, LLC, its General Partner
		
	By:	 	/s/ Brett Messing
		 	Name: Brett Messing
		 	Title: Managing Partner


 Signature Page to Registration Rights Agreement 








			
	GPS HIGH YIELD EQUITIES FUND LP
		
	By:	 	GPS Partners, LLC, its General Partner
		
	By:	 	/s/ Brett Messing
		 	Name: Brett Messing
		 	Title: Managing Partner


 Signature Page to Registration Rights Agreement 








			
	GPS NEW EQUITY FUND LP
		
	By:	 	GPS Partners, LLC, its General Partner
		
	By:	 	/s/ Brett Messing
		 	Name: Brett Messing
		 	Title: Managing Partner


 Signature Page to Registration Rights Agreement 








			
	GPS MLP FUND LP
		
	By:	 	GPS Partners, LLC, its General Partner
		
	By:	 	/s/ Brett Messing
		 	Name: Brett Messing
		 	Title: Managing Partner


 Signature Page to Registration Rights Agreement 








			
	BEN VAN DE BUNT AND LAURA FOX LIVING TRUST DTD 10/01/98
		
	By:	 	/s/ B. Van de Bunt
		 	Name: Ben Van de Bunt
		 	Title: Trustee


 Signature Page to Registration Rights Agreement 








			
	KNEE FAMILY TRUST DTD 3/7/00
		
	By:	 	/s/ illegible signature
		 	Name:
		 	Title: Trustee


 Signature Page to Registration Rights Agreement 








			
	AGILE PERFORMANCE FUND LLC
		
	By:	 	/s/ Brett Messing
		 	Name: Brett Messing
		 	Title: GPS Partners LLC, Investment Advisor


 Signature Page to Registration Rights Agreement 








			
	ZLP FUND, L.P.
		
	By:	 	Zimmer Lucas Partners, LLC, its General Partner
		
	By:	 	/s/ Devin Geoghegan
		 	Authorized signatory: Devin Geoghegan
		 	Title: Partner


 Signature Page to Registration Rights Agreement 








			
	LB I GROUP INC.
		
	By:	 	/s/ Ashvin Rao
		 	Name: Ashvin Rao
		 	Title: Vice President


 Signature Page to Registration Rights Agreement 








			
	LEHMAN BROTHERS MLP OPPORTUNITY FUND L.P.
		
	By:	 	Lehman Brothers MLP Opportunity Associates L.P., its general partner
		
	By:	 	Lehman Brothers MLP Opportunity Associates L.L.C., its general partner
		
	By:	 	/s/ Jeffrey P. Wood
		 	Name: Jeff Wood
		 	Title: Vice President


 Signature Page to Registration Rights Agreement 








			
	LEHMAN BROTHERS INC.
		
	By:	 	/s/ Tim Collins
		 	Name: Tim Collins
		 	Title: Senior Vice President


 Signature Page to Registration Rights Agreement 








			
	THE CUSHING MLP OPPORTUNITY FUND I, LP
		
	By:	 	/s/ Jerry V. Swank
		 	Name: Jerry V. Swank
		 	Title: Managing Partner


 Signature Page to Registration Rights Agreement 








			
	THE CUSHING GP STRATEGIES FUND, LP
		
	By:	 	/s/ Jerry V. Swank
		 	Name: Jerry V. Swank
		 	Title: Managing Partner


 Signature Page to Registration Rights Agreement 








			
	CONTINENTAL CASUALTY COMPANY
		
	By:	 	/s/ Jerry V. Swank
		 	Name: Jerry V. Swank
		 	Title: Managing Partner


 Signature Page to Registration Rights Agreement 








			
	FLINN MAGELLAN, LLC
		
	By:	 	/s/ illegible signature
		 	Name: Mark Rosenbaum
		 	Title: Vice President


 Signature Page to Registration Rights Agreement 








			
	TORTOISE ENERGY INFRASTRUCTURE CORPORATION
		
	By:	 	/s/ Terry Matlack
		 	Name: Terry Matlack
		 	Title: Chief Financial Officer


 Signature Page to Registration Rights Agreement 








			
	AT MLP FUND, LLC
		
	By:	 	/s/ Paul M. McPheeters
		 	Name: Paul M. McPheeters
		 	Title: Managing Director/PM


 Signature Page to Registration Rights Agreement 








					
	GRACIE INVESTING, LLC
		
	By:	 	/s/ Gary K. Michelson
		 	Name:	 	By: Karin Holdings LP
		 		 	By: GKM Capital Inc.
		 	Title:	 	MD, CEO


 Signature Page to Registration Rights Agreement 








			
	TALKOT FUND, L.P.
		
	By:	 	/s/ Thomas S. Akin
		 	Name: Thomas S. Akin
		 	Title: Managing General Partner


 Signature Page to Registration Rights Agreement 








			
	DOUBLE BLACK DIAMOND L.P.
		
	By:	 	Carlson Capital, L.P., its general partner
		
	By:	 	Asgard Investment Corp., its general partner
		
	By:	 	/s/ Clint D. Carlson
		 	Name: Clint D. Carlson
		 	Title: President


 Signature Page to Registration Rights Agreement 








			
	BLACK DIAMOND PARTNERS L.P.
		
	By:	 	Carlson Capital, L.P., its general partner
		
	By:	 	Asgard Investment Corp., its general partner
		
	By:	 	/s/ Clint D. Carlson
		 	Name: Clint D. Carlson
		 	Title: President


 Signature Page to Registration Rights Agreement 








			
	 ROYAL BANK OF CANADA,
 by its
agent

	
	RBC CAPITAL MARKETS CORPORATION
		
	By:	 	/s/ Josef Muskatel
		 	Name: Josef Muskatel
		 	Title: Director and Senior Counsel
		
	By:	 	/s/ Steven C. Milke
		 	Name: Steven C. Milke
		 	Title: Managing Director


 Signature Page to Registration Rights Agreement 








			
	STRUCTURED FINANCE AMERICAS, LLC
		
	By:	 	/s/ Sunhil Hariani
		 	Name: Sunhil Hariani
		 	Title: VP
		
	By:	 	/s/ Andrea Leung
		 	Name: Andrea Leung
		 	Title: VP


 Signature Page to Registration Rights Agreement 








			
	CREDIT SUISSE MANAGEMENT LLC
		
	By:	 	/s/ illegible signature
		 	Name: illegible signature
		 	Title: Managing Director


 Signature Page to Registration Rights Agreement 








			
	FAMCO MLP PARTNERS, LLC, SERIES MGG-1
		
	By:	 	FAMCO MLP CAPITAL, as manager
		
	By:	 	/s/ James J. Cunnane, Jr.
		 	Name: James J. Cunnane, Jr.
		 	Title: Secretary


 Signature Page to Registration Rights Agreement