Document:

Exhibit 4.4

 

3PEA INTERNATIONAL, INC. 

RESTRICTED STOCK AGREEMENT 

FOR 

________________________

 

1.                  
Award of Restricted Stock. The Committee hereby grants, as of                     
(the “Date of Grant”), to                     ,
                    
restricted shares of the Company’s Common Stock, par value $            
per share (collectively the “Restricted Stock”). The Restricted Stock shall be subject to the terms, provisions
and restrictions set forth in this Agreement and the Company’s 2018 Incentive Compensation Plan (the “Plan”),
which is incorporated herein for all purposes. As a condition to entering into this Agreement, and as a condition to the issuance
of any Shares (or any other securities of the Company), the Recipient agrees to be bound by all of the terms and conditions herein
and in the Plan. Unless otherwise provided herein, terms used herein that are defined in the Plan and not defined herein shall
have the meanings attributable thereto in the Plan.

 

2.                  
Vesting of Restricted Stock.

 

(a)                
General Vesting. The shares of Restricted Stock shall become vested in the following amounts, at the following times
and upon the following conditions, provided that the Continuous Service of the Recipient continues through and on the applicable
Vesting Date:

 

	
        Number of Shares of Restricted
        Stock
	 	Vesting Date	 
	[                    ]	 	[            	]
	[                    ]	 	[            	]

 

Except as otherwise provided in Sections
[2(b),] [2(c),] [2(d),] [2(e)] and 4 hereof, there shall be no proportionate or partial vesting of shares of Restricted Stock in
or during the months, days or periods prior to each Vesting Date, and all vesting of shares of Restricted Stock shall occur only
on the applicable Vesting Date.

 

(b)                
Acceleration of Vesting Upon Change in Control. [In the event that a Change in Control of the Company occurs during
the Recipient’s Continuous Service, the shares of Restricted Stock subject to this Agreement shall become immediately vested
as of the date of the Change in Control.]

 

(c)                
Acceleration of Vesting Upon Termination. [Notwithstanding any other term or provision of this Agreement, in the
event that the Recipient’s Continuous Service is terminated either by the Company without Cause or by the Recipient for Good
Reason, the shares of Restricted Stock subject to this Agreement shall become immediately vested as of the date of the termination
of the Recipient’s Continuous Service.]

 

(d)                
Acceleration of Vesting Upon Death or Disability. [In the event that the Recipient’s Continuous Service terminates
by reason of the Recipient’s Disability or death, all of the shares of Restricted Stock subject to this Agreement shall be
immediately vested as of the date of such Disability or death, whichever is applicable, and shall be delivered, subject to any
requirements under this Agreement, to the Recipient, in the event of his or her Disability, or in the event of the Recipient’s
death, to the beneficiary or beneficiaries designated by the Recipient, or if the Recipient has not so designated any beneficiary(ies),
or no designated beneficiary survives the Recipient, such shares shall be delivered to the personal representative of the Recipient’s
estate.]

 

(e)                
Acceleration of Vesting at Company Discretion. Notwithstanding any other term or provision of this Agreement, the
Board or the Committee shall be authorized, in its sole discretion, based upon its review and evaluation of the performance of
the Recipient and of the Company, to accelerate the vesting of any shares of Restricted Stock under this Agreement, at such times
and upon such terms and conditions as the Board or the Committee shall deem advisable.

 

 

 

 

    	 	1	 

     

    

 

(f)                 
Definitions. For purposes of this Agreement, the following terms shall have the meanings indicated:

 

		i.	“Non-Vested Shares” means any portion of the Restricted Stock subject to this Agreement that has
not become vested pursuant to this Section 2.

 

		ii.	“Vested Shares” means any portion of the Restricted Stock subject to this Agreement that is and has
become vested pursuant to this Section 2.

 

3.                  
Delivery of Restricted Stock.

 

(a)                
Issuance of Stock Certificates and Legends. One or more stock certificates evidencing the Restricted Stock shall
be issued in the name of the Recipient but shall be held and retained by the Records Administrator of the Company until the date
(the “Applicable Date”) on which the shares (or a portion thereof) subject to this Restricted Stock award become
Vested Shares pursuant to Section 2 hereof, subject to the provisions of Section 4 hereof. All such stock certificates
shall bear the following legends, along with such other legends that the Board or the Committee shall deem necessary and appropriate
or which are otherwise required or indicated pursuant to any applicable stockholders agreement:

 

THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT
TO SUBSTANTIAL VESTING AND OTHER RESTRICTIONS AS SET FORTH IN THE RESTRICTED STOCK AGREEMENT BETWEEN THE ISSUER AND THE ORIGINAL
HOLDER OF THE SHARES, A COPY OF WHICH MAY BE OBTAINED AT THE PRINCIPAL OFFICE OF THE ISSUER. SUCH RESTRICTIONS ARE BINDING ON TRANSFEREES
OF THESE SHARES, AND INCLUDE VESTING CONDITIONS WHICH MAY RESULT IN THE COMPLETE FORFEITURE OF THE SHARES.

 

(b)                
Stock Powers. The Recipient shall deposit with the Company stock powers or other instruments of transfer or assignment,
duly endorsed in blank with signature(s) guaranteed, corresponding to each certificate representing shares of Restricted Stock
until such shares become Vested Shares. If the Recipient shall fail to provide the Company with any such stock power or other instrument
of transfer or assignment, the Recipient hereby irrevocably appoints the Secretary of the Company as his attorney-in-fact, with
full power of appointment and substitution, to execute and deliver any such power or other instrument which may be necessary to
effectuate the transfer of the Restricted Stock (or assignment of distributions thereon) on the books and records of the Company.

 

(c)                
Delivery of Stock Certificates. On or after each Applicable Date, upon written request to the Company by the Recipient,
the Company shall promptly cause a new certificate or certificates to be issued for and with respect to all shares that become
Vested Shares on that Applicable Date, which certificate(s) shall be delivered to the Recipient as soon as administratively practicable
after the date of receipt by the Company of the Recipient’s written request. The new certificate or certificates shall continue
to bear those legends and endorsements that the Company shall deem necessary or appropriate (including those relating to restrictions
on transferability and/or obligations and restrictions under the Securities Laws).

 

(d)                
Issuance Without Certificates. If the Company is authorized to issue Shares without certificates, then the Company
may, in the discretion of the Committee, issue Shares pursuant to this Agreement without certificates, in which case any references
in this Agreement to certificates shall instead refer to whatever evidence may be issued to reflect the Recipient’s ownership
of the Shares subject to the terms and conditions of this Agreement.

 

4.                  
Forfeiture of Non-Vested Shares. If the Recipient’s Continuous Service with the Company and the Related Entities
is terminated for any reason, any Shares of Restricted Stock that are not Vested Shares, and that do not become Vested Shares pursuant
to Section 2 hereof as a result of such termination, shall be forfeited immediately upon such termination of Continuous Service
and revert back to the Company without any payment to the Recipient. [If the Recipient’s Continuous Service is terminated
by the Company or a Related Entity for Cause, all Vested and Non-Vested Shares shall be forfeited immediately upon such termination
of Continuous Service and revert back to the Company without any payment to the Recipient.] The Committee shall have the power
and authority to enforce on behalf of the Company any rights of the Company under this Agreement in the event of the Recipient’s
forfeiture of [Vested or] Non-Vested Shares pursuant to this Section 4.

 

 

 

 

    	 	2	 

     

    

 

5.                  
Rights with Respect to Restricted Stock.

 

(a)                
General. Except as otherwise provided in this Agreement, the Recipient shall have, with respect to all of the shares
of Restricted Stock, whether Vested Shares or Non-Vested Shares, all of the rights of a holder of shares of common stock of the
Company, including without limitation (i) the right to vote such Restricted Stock, (ii) the right to receive dividends,
if any, as may be declared on the Restricted Stock from time to time, and (iii) the rights available to all holders of shares
of common stock of the Company upon any merger, consolidation, reorganization, liquidation or dissolution, stock split-up, stock
dividend or recapitalization undertaken by the Company; provided, however, that all of such rights shall be subject to the terms,
provisions, conditions and restrictions set forth in this Agreement (including without limitation conditions under which all such
rights shall be forfeited). Any Shares issued to the Recipient as a dividend with respect to shares of Restricted Stock shall have
the same status and bear the same legend as the shares of Restricted Stock and shall be held by the Company, if the shares of Restricted
Stock that such dividend is attributed to is being so held, unless otherwise determined by the Committee. In addition, notwithstanding
any provision to the contrary herein, any cash dividends declared with respect to shares of Restricted Stock subject to this Agreement
shall be held in escrow by the Committee until such time as the shares of Restricted Stock that such cash dividends are attributed
to shall become Vested Shares, and in the event that such shares of Restricted Stock are subsequently forfeited, the cash dividends
attributable to such portion shall be forfeited as well.

 

(b)                
Adjustments to Shares. If at any time while this Agreement is in effect (or Shares granted hereunder shall be or
remain unvested while Recipient’s Continuous Service continues and has not yet terminated or ceased for any reason), there
shall be any increase or decrease in the number of issued and outstanding Shares of the Company through the declaration of a stock
dividend or through any recapitalization resulting in a stock split-up, combination or exchange of such Shares, then and in that
event, the Board or the Committee shall make any adjustments it deems fair and appropriate, in view of such change, in the number
of shares of Restricted Stock then subject to this Agreement. If any such adjustment shall result in a fractional Share, such fraction
shall be disregarded.

 

(c)                
No Restrictions on Certain Transactions. Notwithstanding any term or provision of this Agreement to the contrary,
the existence of this Agreement, or of any outstanding Restricted Stock awarded hereunder, shall not affect in any manner the right,
power or authority of the Company to make, authorize or consummate: (i) any or all adjustments, recapitalizations, reorganizations
or other changes in the Company’s capital structure or its business; (ii) any merger, consolidation or similar transaction
by or of the Company; (iii) any offer, issue or sale by the Company of any capital stock of the Company, including any equity
or debt securities, or preferred or preference stock that would rank prior to or on parity with the Restricted Stock and/or that
would include, have or possess other rights, benefits and/or preferences superior to those that the Restricted Stock includes,
has or possesses, or any warrants, options or rights with respect to any of the foregoing; (iv) the dissolution or liquidation
of the Company; (v) any sale, transfer or assignment of all or any part of the stock, assets or business of the Company; or
(vi) any other corporate transaction, act or proceeding (whether of a similar character or otherwise).

 

6.                  
Transferability. Unless otherwise determined by the Committee, the shares of Restricted Stock are not transferable
unless and until they become Vested Shares in accordance with this Agreement, otherwise than by will or under the applicable laws
of descent and distribution. The terms of this Agreement shall be binding upon the executors, administrators, heirs, successors
and assigns of the Recipient. Except as otherwise permitted pursuant to the first sentence of this Section, any attempt to effect
a Transfer of any shares of Restricted Stock prior to the date on which the shares become Vested Shares shall be void ab initio.
For purposes of this Agreement, “Transfer” shall mean any sale, transfer, encumbrance, gift, donation, assignment,
pledge, hypothecation, or other disposition, whether similar or dissimilar to those previously enumerated, whether voluntary or
involuntary, and including, but not limited to, any disposition by operation of law, by court order, by judicial process, or by
foreclosure, levy or attachment.

 

 

 

 

    	 	3	 

     

    

 

7.                  
Tax Matters; Section 83(b) Election.

 

(a)                
Section 83(b) Election. If the Recipient properly elects, within thirty (30) days of the Date of Grant,
to include in gross income for federal income tax purposes an amount equal to the fair market value (as of the Date of Grant) of
the Restricted Stock pursuant to Section 83(b) of the Internal Revenue Code of 1986, as amended (the “Code”),
the Recipient shall make arrangements satisfactory to the Company to pay to the Company any federal, state or local income taxes
required to be withheld with respect to the Restricted Stock. If the Recipient shall fail to make such tax payments as are required,
the Company shall, to the extent permitted by law, have the right to deduct from any payment of any kind (including without limitation,
the withholding of any Shares that otherwise would be issued to the Recipient under this Agreement) otherwise due to the Recipient
any federal, state or local taxes of any kind required by law to be withheld with respect to the Restricted Stock.

 

(b)                
No Section 83(b) Election. If the Recipient does not properly make the election described in paragraph 7(a)
above, the Recipient shall, no later than the date or dates as of which the restrictions referred to in this Agreement hereof shall
lapse, pay to the Company, or make arrangements satisfactory to the Committee for payment of, any federal, state or local taxes
of any kind required by law to be withheld with respect to the Restricted Stock (including without limitation the vesting thereof),
and the Company shall, to the extent permitted by law, have the right to deduct from any payment of any kind (including without
limitation, the withholding of any Shares that otherwise would be distributed to the Recipient under this Agreement) otherwise
due to Recipient any federal, state, or local taxes of any kind required by law to be withheld with respect to the Restricted Stock.

 

(c)                
Satisfaction of Withholding Requirements. The Recipient may satisfy the withholding requirements with respect to
the Restricted Stock pursuant to any one or combination of the following methods:

 

		i.  	payment in cash; or

 

		ii.  	if and to the extent permitted by the Committee, payment by surrendering unrestricted previously held Shares which have a value
equal to the required withholding amount or the withholding of Shares that otherwise would be deliverable to the Recipient pursuant
to this Award. The Recipient may surrender Shares either by attestation or by delivery of a certificate or certificates for shares
duly endorsed for transfer to the Company, and if required with medallion level signature guarantee by a member firm of a national
stock exchange, by a national or state bank (or guaranteed or notarized in such other manner as the Committee may require).

 

(d)                
Recipient’s Responsibilities for Tax Consequences. Tax consequences on the Recipient (including without limitation
federal, state, local and foreign income tax consequences) with respect to the Restricted Stock (including without limitation the
grant, vesting and/or forfeiture thereof) are the sole responsibility of the Recipient. The Recipient shall consult with his or
her own personal accountant(s) and/or tax advisor(s) regarding these matters, the making of a Section 83(b) election, and
the Recipient’s filing, withholding and payment (or tax liability) obligations.

 

8.                  
Amendment, Modification & Assignment; Non-Transferability. This Agreement may only be modified or amended
in a writing signed by the parties hereto. No promises, assurances, commitments, agreements, undertakings or representations, whether
oral, written, electronic or otherwise, and whether express or implied, with respect to the subject matter hereof, have been made
by either party which are not set forth expressly in this Agreement. Unless otherwise consented to in writing by the Company, in
its sole discretion, this Agreement (and Recipient’s rights hereunder) may not be assigned, and the obligations of Recipient
hereunder may not be delegated, in whole or in part. The rights and obligations created hereunder shall be binding on the Recipient
and his heirs and legal representatives and on the successors and assigns of the Company.

 

9.                  
Complete Agreement. This Agreement (together with those agreements and documents expressly referred to herein, for
the purposes referred to herein) embody the complete and entire agreement and understanding between the parties with respect to
the subject matter hereof, and supersede any and all prior promises, assurances, commitments, agreements, undertakings or representations,
whether oral, written, electronic or otherwise, and whether express or implied, which may relate to the subject matter hereof in
any way.

 

 

 

 

 

    	 	4	 

     

    

 

10.               
Miscellaneous.

 

(a)                
No Right to (Continued) Employment or Service. This Agreement and the grant of Restricted Stock hereunder shall not
shall confer, or be construed to confer, upon the Recipient any right to employment or service, or continued employment or service,
with the Company or any Related Entity.

 

(b)                
No Limit on Other Compensation Arrangements. Nothing contained in this Agreement shall preclude the Company or any
Related Entity from adopting or continuing in effect other or additional compensation plans, agreements or arrangements, and any
such plans, agreements and arrangements may be either generally applicable or applicable only in specific cases or to specific
persons.

 

(c)                
Severability. If any term or provision of this Agreement is or becomes or is deemed to be invalid, illegal or unenforceable
in any jurisdiction or under any applicable law, rule or regulation, then such provision shall be construed or deemed amended to
conform to applicable law (or if such provision cannot be so construed or deemed amended without materially altering the purpose
or intent of this Agreement and the grant of Restricted Stock hereunder, such provision shall be stricken as to such jurisdiction
and the remainder of this Agreement and the award hereunder shall remain in full force and effect).

 

(d)                
No Trust or Fund Created. Neither this Agreement nor the grant of Restricted Stock hereunder shall create or be construed
to create a trust or separate fund of any kind or a fiduciary relationship between the Company or any Related Entity and the Recipient
or any other person. To the extent that the Recipient or any other person acquires a right to receive payments from the Company
or any Related Entity pursuant to this Agreement, such right shall be no greater than the right of any unsecured general creditor
of the Company.

 

(e)                
Law Governing. This Agreement shall be governed by and construed and enforced in accordance with the internal laws
of the State of Nevada (without reference to the conflict of laws rules or principles thereof).

 

(f)                 
Interpretation. The Recipient accepts the Restricted Stock subject to all of the terms, provisions and restrictions
of this Agreement and the Plan. The undersigned Recipient hereby accepts as binding, conclusive and final all decisions or interpretations
of the Board or the Committee upon any questions arising under this Agreement or the Plan.

 

(g)                
Headings. Section, paragraph and other headings and captions are provided solely as a convenience to facilitate reference.
Such headings and captions shall not be deemed in any way material or relevant to the construction, meaning or interpretation of
this Agreement or any term or provision hereof.

 

(h)                
Notices. Any notice under this Agreement shall be in writing and shall be deemed to have been duly given when delivered
personally or when deposited in the United States mail, registered, postage prepaid, and addressed, in the case of the Company,
to the Company’s President at                                          
               , or if the Company should move its
principal office, to such principal office, and, in the case of the Recipient, to the Recipient’s last permanent address
as shown on the Company’s records, subject to the right of either party to designate some other address at any time hereafter
in a notice satisfying the requirements of this Section.

 

(i)                  
Section 409A.

 

		i.   	It is intended that the Restricted Stock awarded pursuant to this Agreement be exempt from Section 409A of the Code (“Section
409A”) because it is believed that the Agreement does not provide for a deferral of compensation and accordingly that
the Agreement does not constitute a nonqualified deferred compensation plan within the meaning of Section 409A. The provisions
of this Agreement shall be interpreted in a manner consistent with this intention, and the provisions of this Agreement may not
be amended, adjusted, assumed or substituted for, converted or otherwise modified without the Recipient’s prior written consent
if and to the extent that the Company believes or reasonably should believe that such amendment, adjustment, assumption or substitution,
conversion or modification would cause the award to violate the requirements of Section 409A.

 

 

 

 

    	 	5	 

     

    

 

		ii.   	In the event that either the Company or the Recipient believes, at any time, that any benefit or right under this Agreement
is subject to Section 409A, and does not comply with the requirements of Section 409A, it shall promptly advise the other
and the Company and the Recipient shall negotiate reasonably and in good faith to amend the terms of such benefits and rights,
if such an amendment may be made in a commercially reasonable manner, such that they comply with Section 409A with the most
limited possible economic affect on the Recipient and on the Company.

 

		iii.   	Notwithstanding the foregoing, the Company does not make any representation to the Recipient that the shares of Restricted
Stock awarded pursuant to this Agreement are exempt from, or satisfies, the requirements of Section 409A, and the Company
shall have no liability or other obligation to indemnify or hold harmless the Recipient or any Beneficiary for any tax, additional
tax, interest or penalties that the Recipient or any Beneficiary may incur in the event that any provision of this Agreement, or
any amendment or modification thereof or any other action taken with respect thereto that either is consented to by the Recipient
or that the Company reasonably believes should not result in a violation of Section 409A, is deemed to violate any of the
requirements of Section 409A.

 

(j)                 
Non-Waiver of Breach. The waiver by any party hereto of the other party’s prompt and complete performance,
or breach or violation, of any term or provision of this Agreement shall be effected solely in a writing signed by such party,
and shall not operate nor be construed as a waiver of any subsequent breach or violation, and the waiver by any party hereto to
exercise any right or remedy which he or it may possess shall not operate nor be construed as the waiver of such right or remedy
by such party, or as a bar to the exercise of such right or remedy by such party, upon the occurrence of any subsequent breach
or violation.

 

(k)                
Counterparts. This Agreement may be executed in two or more separate counterparts, each of which shall be an original,
and all of which together shall constitute one and the same agreement.

 

IN WITNESS WHEREOF, the parties
hereto, intending to be legally bound, have executed this Agreement as of the date first written above.

 

	 	 	 
	 	
        3PEA INTERNATIONAL, a

        Nevada corporation

	 	 	 
	 	 	 
	 	By:	 
	 	
        Name:

        Title:
	 

 

 

Agreed and Accepted:

RECIPIENT:

	 	 	 	 
	 	 
	 	 	 
	By:	 	 	 
	 	 	[Insert name of Recipient]	 

 

 

 

 

 

 

    	 	6EX-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	 

  
 i 

 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. 

  
 2 

 “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. 

  
 3 

 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 

  
 4 

 
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; 

  
 5 

 (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; 

  
 6 

 (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. 

  
 7 

 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 

  
 8 

 
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. 

  
 9 

 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 

  
 10 

 (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 

  
 11 

 
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. 

  
 12 

 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. 

  
 13 

 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]

  
 14 

 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

  
 Signature Page to
Registration Rights Agreement 

 
			
	TTWFGP LLC
		
	By:	 	 /s/ Albert Chao

	Name:	 	Albert Chao
	Title:	 	Authorized Representative

  
 Signature Page to
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

  
 Signature Page to
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

  
 Signature Page to
Registration Rights Agreement 

 
			
	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

  
 Signature Page to
Registration Rights Agreement 

 
			
	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

  
 Signature Page to
Registration Rights Agreement 

 
			
	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

  
 Signature Page to
Registration Rights Agreement 

 
			
	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

  
 Signature Page to
Registration Rights Agreement 

 
			
	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

  
 Signature Page to
Registration Rights Agreement 

 
			
	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

  
 Signature Page to
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

  
 Signature Page to
Registration Rights Agreement 

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

	Name:	 	Gregory A. Reid
	Title:	 	Managing Director

  
 Signature Page to
Registration Rights Agreement 

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

	Name:	 	Ryan Kulig
	Title:	 	Administrative Analyst

  
 Signature Page to
Registration Rights Agreement 

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

	Name:	 	Scott Glasser
	Title:	 	co-Chief Investment Officer

  
 Signature Page to
Registration Rights Agreement 

 
			
	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

  
 Signature Page to
Registration Rights Agreement 

 
			
	HITE HEDGE LP
		
	By:	 	 /s/ James Jampel

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

  
 Signature Page to
Registration Rights Agreement 

 
			
	HITE HEDGE QP LP
		
	By:	 	 /s/ James Jampel

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

  
 Signature Page to
Registration Rights Agreement 

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

	Name:	 	Michael C. Forman
	Title:	 	President and CEO

  
 Signature Page to
Registration Rights Agreement

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00294-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00294-of-00352.parquet"}]]