Document:

Exhibit 4.2

	
  

  	
  Certificate Evidencing Class C Units

  	
   

  
	
  Certificate No.

  	
  Representing
  Limited Liability Company Interests in

  	
  Class C
  Units

  
	
   

  	
  Linn
  Energy, LLC

  	
   

  

 

In accordance with Section 4.1 of the Second Amended and
Restated Limited Liability Company Agreement of Linn Energy, LLC, as amended,
supplemented or restated from time to time (the “Company Agreement”), Linn
Energy, LLC, a Delaware limited liability company (the “Company”),

hereby
certifies that

	
  (the “Holder”) is the registered owner of 

  	
  CLASS C UNITS

  

 

representing limited
liability company interests in the Company (the “Class C Units”) transferable on the books of the Company, in
person or by duly authorized attorney, upon surrender of this Certificate
properly endorsed.  The rights,
preferences and limitations of the Class C Units are set forth in, and this
Certificate and the Class C Units represented hereby are issued and shall in
all respects be subject to the terms and provisions of, the Company
Agreement.  Copies of the Company
Agreement are on file at, and will be furnished without charge on delivery of
written request to the Company at, the principal office of the Company located
at 600 Travis, Suite 7000, Houston, Texas 77002.  Capitalized terms used herein but not defined
shall have the meanings given them in the Company Agreement.

The
Holder, by accepting this Certificate, is deemed to have (i) requested
admission as, and agreed to become, a Member and to have agreed to comply with
and be bound by and to have executed the Company Agreement, (ii) represented
and warranted that the Holder has all right, power and authority and, if an
individual, the capacity necessary to enter into the Company Agreement, (iii)
granted the powers of attorney provided for in the Company Agreement and
(iv) made the waivers and given the consents and approvals contained in
the Company Agreement.

This Certificate shall
not be valid for any purpose unless it has been signed by duly authorized officers
of the Company.

	
  Dated:  February
  1, 2007

  	
   

  	
  LINN ENERGY, LLC

  
	
   

  	
   

  	
   

  	
   

  
	
  THESE SECURITIES
  HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED.  THESE SECURITIES MAY NOT BE SOLD, OFFERED
  FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF A REGISTRATION STATEMENT
  IN EFFECT WITH RESPECT TO THE SECURITIES UNDER SUCH ACT OR PURSUANT TO AN
  EXEMPTION FROM REGISTRATION  THEREUNDER
  AND, IN THE CASE OF A TRANSACTION EXEMPT FROM REGISTRATION, UNLESS SOLD
  PURSUANT TO RULE 144 UNDER SUCH ACT OR THE ISSUER HAS RECEIVED DOCUMENTATION
  REASONABLY SATISFACTORY TO IT THAT SUCH TRANSACTION DOES NOT REQUIRE
  REGISTRATION UNDER SUCH ACT. THIS SECURITY IS SUBJECT TO CERTAIN RESTRICTIONS
  ON TRANSFER SET FORTH IN THE SECOND AMENDED AND RESTATED LIMITED LIABILITY
  COMPANY AGREEMENT OF THE COMPANY DATED AS OF JANUARY 19, 2006, AS AMENDED, A
  COPY OF WHICH MAY BE OBTAINED FROM THE COMPANY AT ITS PRINCIPAL EXECUTIVE
  OFFICES. 

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Chairman, President and Chief Executive Officer

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Secretary

  
	
   

  	
   

  	
   

  

 

Linn
Energy, LLC

ABBREVIATIONS

The following abbreviations, when used in the inscription on the face of
this Certificate, shall be construed as follows according to applicable laws or
regulations:

	
  TEN COM

  	
  –

  	
  as tenants in common

  	
   

  	
  UNIF GIFT MIIN ACT–

  	
   

  	
  Custodian

  	
   

  
	
  TEN ENT

  	
  –

  	
  as tenants by the entireties

  	
   

  	
   

  	
  (Cust)

  	
   

  	
  (Minor)

  
	
  JT TEN

  	
  –

  	
  as joint tenants with right of 

  	
   

  	
  under Uniform Gifts to Minors

  
	
   

  	
   

  	
  survivorship and not as tenants
  in 

  	
   

  	
  Act

  	
   

  	
   

  
	
   

  	
   

  	
  common

  	
   

  	
   

  	
  (State)

  	
   

  
	
  Additional abbreviations, though not in the above list, may also be
  used.

  
									

 

ASSIGNMENT OF CLASS C UNITS

In

Linn Energy, LLC

	
  FOR VALUE RECEIVED,

  	
   

  	
  hereby
  assigns, conveys, sells and transfers unto

  
	
   

  
	
   

  
	
  (Please print or typewrite name and address of Assignee)

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  (Please insert Social Security or other identifying number of Assignee)

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Class C Units representing limited liability company
  interests evidenced by this Certificate, subject to the Company Agreement,
  and 

  
	
  does hereby irrevocably constitute and appoint

  	
   

  	
  as its attorney-in-fact with full power of
  substitution to 

  
	
  transfer the same on the books of Linn Energy, LLC

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Date:

  	
   

  	
   

  	
      NOTE:
  The signature to any endorsement hereon must correspond with 

  
	
   

  	
   

  	
  the name as written upon the
  face of this Certificate in every particular, without alteration, enlargement
  or change.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  The signature(s) should be
  guaranteed by an “eligible guarantor institution” 

  	
   

  	
   

  
	
  as defined in Rule 17Ad-15
  under the Securities and Exchange Act of 1934, 

  	
   

  	
  (Signature)

  
	
  as amended

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  (Signature)

  
	
   

  	
   

  	
   

  
	
  SIGNATURE(S) GUARANTEED:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  No assignment or
  transfer of the Class C Units evidenced hereby will be registered on the
  books of the Company unless the Certificate evidencing the 

  Class C Units to be transferred is surrendered for registration or transfer.Exhibit
10.1

 

 

CLASS C UNIT AND UNIT
PURCHASE AGREEMENT

BY AND AMONG

LINN ENERGY, LLC

AND

THE PURCHASERS NAMED
HEREIN

CLASS C UNIT AND UNIT
PURCHASE AGREEMENT

CLASS C UNIT AND UNIT
PURCHASE AGREEMENT, dated as of December 13, 2006 (this “Agreement”), by
and among LINN ENERGY, LLC, a Delaware limited liability company (“Linn”),
and each of ZLP
Fund, L.P., Structured Finance Americas LLC, Royal Bank of Canada by its agent
RBC Capital Markets Corporation, Credit Suisse Management LLC, GPS Partners
LLC, Del Mar Onshore Partners LP, Lehman Brothers MLP Partners, L.P., Brahman
Capital Corp., on behalf of certain funds and accounts it manages, Citigroup
Global Markets Inc., Goldman, Sachs & Co., on behalf of its Principal
Strategies Group, Alerian Opportunity Partners V L.P., RCH Energy MLP Fund,
L.P., RCH Energy MLP Fund A, L.P., RCH Energy Opportunity Fund I, L.P., Energy Income
and Growth Fund, Fiduciary/Claymore MLP Opportunity Fund, Jennison Utility
Fund, Reservoir Master Fund, L.P., Shaar Fund LTD, Arbiter Partners, L.P.,
Diaco Investments, LP, Black Diamond Offshore Ltd., Double Black Diamond
Offshore LDC, Calm Waters Partnership, Gracie Capital, LP, Gracie Capital, LP
II, Gracie Capital Intl, Ltd, Gracie Capital Intl, Ltd II, Guggenheim Portfolio
Company XLII, LLC, Hartz Capital MLP, LLC, UBS AG, Strome MLP Fund, LP, Howard
L. Terry, Tracy W. Krohn, Locust Wood Capital, LP and Portcullis Partners, L.P.
(each of ZLP Fund, L.P.,
Structured Finance Americas LLC, Royal Bank of Canada by its agent RBC Capital
Markets Corporation, Credit Suisse Management LLC, GPS Partners LLC, Del Mar
Onshore Partners LP, Lehman Brothers MLP Partners, L.P., Brahman Capital Corp.,
on behalf of certain funds and accounts it manages, Citigroup Global Markets
Inc., Goldman, Sachs & Co., on behalf of its Principal Strategies Group,
Alerian Opportunity Partners V L.P., RCH Energy MLP Fund, L.P., RCH Energy MLP
Fund A, L.P., RCH Energy Opportunity Fund I, L.P., Energy Income and Growth
Fund, Fiduciary/Claymore MLP Opportunity Fund, Jennison Utility Fund, Reservoir
Master Fund, L.P., Shaar Fund LTD, Arbiter Partners, L.P., Diaco Investments,
LP, Black Diamond Offshore Ltd., Double Black Diamond Offshore LDC, Calm Waters
Partnership, Gracie Capital, LP, Gracie Capital, LP II, Gracie Capital Intl,
Ltd, Gracie Capital Intl, Ltd II, Guggenheim Portfolio Company XLII, LLC, Hartz
Capital MLP, LLC, UBS AG, Strome MLP Fund, LP, Howard L. Terry, Tracy W. Krohn,
Locust Wood Capital, LP and Portcullis Partners, L.P., a “Purchaser”
and, collectively, the “Purchasers”).

WHEREAS, simultaneously
with the execution of this Agreement, Linn is entering into a definitive purchase
agreement to acquire all of Cavallo Energy’s right, title and interest in and
to certain oil and gas properties and related assets described in the Stallion
Acquisition Agreement upon the terms and conditions and for the consideration
set forth in the Stallion Acquisition Agreement from Cavallo Energy LP, a
Delaware limited partnership, acting through its general partner, Stallion
Energy LLC, a Delaware limited liability company (the “Stallion Acquisition”);

WHEREAS, Linn desires to
finance a portion of the Stallion Acquisition through the sale of an aggregate
of $360,000,350.76 of Class C Units and Units and the Purchasers desire to
purchase an aggregate of $360,000,350.76 of Units and Class C Units from Linn,
each in accordance with the provisions of this Agreement;

WHEREAS, it is a
condition to the obligations of the Purchasers and Linn under this Agreement
that the Stallion Acquisition be consummated;

 

WHEREAS, Linn has agreed
to provide the Purchasers with certain registration rights with respect to the
Purchased Units acquired pursuant to this Agreement; and

WHEREAS, the Voting
Agreement in the form attached as Exhibit D (the “Unitholder Voting
Agreement”) has been executed by Quantum Energy Partners II, LP, a Delaware
limited partnership, Michael C. Linn, Kolja Rockov, Lisa D. Anderson and Roland
P. Keddie pursuant to which each such unitholder of Linn has unconditionally
and irrevocably agreed to vote all of the Units owned by it in favor of the
conversion of Class C Units into Units as contemplated by Section 5.01 of this
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, Linn and each of the Purchasers, severally and not
jointly, hereby agree as follows:

ARTICLE I

DEFINITIONS

Section 1.01.          Definitions.  As used in this Agreement, and unless the
context requires a different meaning, the following terms have the meanings
indicated:

“8-K Filing” shall
have the meaning specified in Section 5.06.

“Action” against a
Person means any lawsuit, action, proceeding, investigation or complaint before
any Governmental Authority, mediator or arbitrator.

“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” shall
have the meaning specified in the introductory paragraph.

“Basic Documents”
means, collectively, this Agreement, the Registration Rights Agreement, the
Unitholder Voting Agreement, the Class C Amendment, the Stallion Acquisition
Agreement and any and all other agreements or instruments executed and
delivered by the Parties to evidence the execution, delivery and performance of
this Agreement, and any amendments, supplements, continuations or modifications
thereto.

“Board of Directors”
means the board of directors of Linn.

“Business Day”
means any day other than a Saturday, a Sunday, or a legal holiday for
commercial banks in Houston, Texas or New York, New York.

“Buy-In” shall
have the meaning specified in Section 8.08.

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“Buy-In Price”
shall have the meaning specified in Section 8.08.

“Cavallo Energy”
means Cavallo Energy LP, a Delaware limited partnership

“Class B Units”
means the Class B Units having the rights, preferences, privileges and
restrictions as set forth in the Limited Liability Company Agreement, as
amended.

“Class C Amendment”
shall have the meaning specified in Section 2.01(a).

“Class C Unit Price”
shall have the meaning specified in Section 2.01(c).

 “Class C Units” means the Class C Units
of Linn, as established by the Class C Amendment.

“Closing” shall
have the meaning specified in Section 2.02.

“Closing Date”
shall have the meaning specified in Section 2.02.

“Code” means the
Internal Revenue Code of 1986, as amended from time to time.

“Commission” means
the United States Securities and Exchange Commission.

“Commitment Amount”
means the dollar amount set forth opposite each Purchaser’s name on Schedule
2.01 to this Agreement under the heading “Gross Proceeds to Issuer”.

 “Delaware LLC Act” shall have the
meaning specified in Section 3.02(a).

“Exchange Act”
means the Securities Exchange Act of 1934, as amended from time to time, and
the rules and regulations of the Commission promulgated thereunder.

“GAAP” means
generally accepted accounting principles in the United States of America in
effect from time to time.

“Governmental
Authority” shall include the country, state, county, city and political
subdivisions in which any Person or such Person’s Property is located or that
exercises valid jurisdiction over any such Person or such Person’s Property,
and any court, agency, department, commission, board, bureau or instrumentality
of any of them and any monetary authorities that exercise valid jurisdiction
over any such Person or such Person’s Property. 
Unless otherwise specified, all references to Governmental Authority
herein shall mean a Governmental Authority having jurisdiction over, where
applicable, Linn, its Subsidiaries or any of their Property or any of the
Purchasers.

“Indemnified Party”
shall have the meaning specified in Section 7.03.

“Indemnifying Party”
shall have the meaning specified in Section 7.03.

 “Law” means any federal, state, local
or foreign order, writ, injunction, judgment, settlement, award, decree,
statute, law, rule or regulation.

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“Lien” means any
interest in Property securing an obligation owed to, or a claim by, a Person
other than the owner of the Property, whether such interest is based on the
common law, statute or contract, and whether such obligation or claim is fixed
or contingent, and including the lien or security interest arising from a
mortgage, encumbrance, pledge, security agreement, conditional sale or trust
receipt or a lease, consignment or bailment for security purposes.

“Limited Liability
Company Agreement” shall have the meaning specified in Section 2.01(a).

“Linn” shall have
the meaning specified in the introductory paragraph.

“Linn Financial
Statements” shall have the meaning specified in Section 3.03.

“Linn Material Adverse
Effect” means any material and adverse effect on (i) the assets,
liabilities, financial condition, business, operations, prospects or affairs of
Linn and its Subsidiaries, taken as a whole, measured against those assets,
liabilities, financial condition, business, operations, prospects or affairs
reflected in the Linn SEC Documents, other than those occurring as a result of
general economic or financial conditions or other developments that are not
unique to and do not have a material disproportionate impact on Linn and its
Subsidiaries but also affect other Persons who participate in or are engaged in
the lines of business of which Linn and its Subsidiaries participate or are
engaged, (ii) the ability of Linn and its Subsidiaries, taken as a whole, to
carry out their business as of the date of this Agreement or to meet their
obligations under the Basic Documents on a timely basis or (iii) the ability of
Linn to consummate the transactions under any Basic Document.

“Linn Related Parties”
shall have the meaning specified in Section 7.02.

“Linn SEC Documents”
shall have the meaning specified in Section 3.03.

“Lock-Up Date”
means the earlier of (i) 90 days from the Closing Date or (ii) the date that a
registration statement under the Securities Act to permit resale of the
Purchased Units is declared effective by the Commission.

“Party” or “Parties”
means Linn and the Purchasers, individually or collectively, as the case may
be.

“Permitted Amount”
shall have the meaning specified in Section 2.01(a).

“Person” means any
individual, corporation, company, voluntary association, partnership, joint
venture, trust, limited liability company, unincorporated organization or
government or any agency, instrumentality or political subdivision thereof, or
any other form of entity.

“Placement Agent Fees”
means the fees that Linn is obligated to pay to Lehman Brothers Inc., Citigroup
Global Markets Inc., RBC Capital Markets Corporation and Jefferies &
Company, Inc. upon the closing of the transactions contemplated by this
Agreement.

“Property” means
any interest in any kind of property or asset, whether real, personal or mixed,
or tangible or intangible.

 4
 

 

“Purchase Price”
means the aggregate of each Purchaser’s Commitment Amount set forth opposite
the Purchaser’s name on Schedule 2.01 to this Agreement under the
heading “Gross Proceeds to Issuer”.

“Purchased Class C
Units” means the Class C Units to be issued and sold to the Purchasers
pursuant to this Agreement.

“Purchased Units”
means the Units to be issued and sold to the Purchasers pursuant to this
Agreement.

“Purchaser” shall
have the meaning specified in the introductory paragraph.

“Purchaser Material
Adverse Effect” means any material and adverse effect on (i) the ability of
a Purchaser to meet its obligations under the Basic Documents on a timely basis
or (ii) the ability of a Purchaser to consummate the transactions under any
Basic Document.

“Purchaser Related
Parties” shall have the meaning specified in Section 7.01.

“Purchasers” shall
have the meaning specified in the introductory paragraph.

“Registration Rights
Agreement” means the Registration Rights Agreement, substantially in the
form attached to this Agreement as Exhibit C, to be entered into at the
Closing, among Linn and the Purchasers.

“Representatives”
of any Person means the officers, managers, directors, employees, agents and
other representatives of such Person.

“Securities Act”
means the Securities Act of 1933, as amended from time to time, and the rules
and regulations of the Commission promulgated thereunder.

“Stallion Acquisition”
shall have the meaning specified in the recitals.

 “Stallion Acquisition Agreement” means
that certain Purchase and Sale Agreement dated December 13, 2006, between
Cavallo Energy LP, a Delaware limited partnership, acting through its general
partner, Stallion Energy LLC, a Delaware limited liability company, and Linn,
which is attached hereto as Exhibit G.

“Stallion Closing Date”
means the date on which the Stallion Acquisition is consummated.

“Subsidiary”
means, as to any Person, any corporation or other entity of which a majority of
the outstanding equity interest having by the terms thereof ordinary voting
power to elect a majority of the board of directors of such corporation or
other entity (irrespective of whether or not at the time any equity interest of
any other class or classes of such corporation or other entity shall have or
might have voting power by reason of the happening of any contingency) is at
the time directly or indirectly owned or controlled by such Person or one or
more of its Subsidiaries.

“Terminating Breach”
shall have the meaning specified in Section 8.12(a)(ii).

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“Unit Price” shall
have the meaning specified in Section 2.01(c).

“Unitholder Voting
Agreement” shall have the meaning specified in the recitals.

“Unitholders”
means the Unitholders of Linn (within the meaning of the Limited Liability
Company Agreement).

“Units” means the
Units of Linn representing limited liability company interests.

Section 1.02.          Accounting
Procedures and Interpretation. 
Unless otherwise specified in this Agreement, all accounting terms used
herein shall be interpreted, all determinations with respect to accounting
matters under this Agreement shall be made, and all financial statements and
certificates and reports as to financial matters required to be furnished to
the Purchasers under this Agreement shall be prepared, in accordance with GAAP
applied on a consistent basis during the periods involved (except, in the case
of unaudited statements, as permitted by Form 10-Q promulgated by the
Commission) and in compliance as to form in all material respects with
applicable accounting requirements and with the published rules and regulations
of the Commission with respect thereto.

ARTICLE II

SALE AND PURCHASE

Section 2.01.          Sale and
Purchase.  Contemporaneously with the
consummation of the Stallion Acquisition and subject to the terms and
conditions of this Agreement, at the Closing, Linn hereby agrees to issue and
sell to each Purchaser, and each Purchaser hereby agrees, severally and not
jointly, to purchase from Linn, the dollar amount of Purchased Units and
Purchased Class C Units, respectively, set forth opposite its name on Schedule
2.01 hereto.  Each Purchaser agrees to
pay Linn the Unit Price for each Purchased Unit and the Class C Unit Price for
each Purchased Class C Unit, in each case as set forth in Section 2.01(c).  The respective 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.  The failure or waiver of
performance under this Agreement by any Purchaser, or on its behalf, does not
excuse performance by any other Purchaser. 
Nothing contained herein or in any other Basic Document, 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 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 any Basic Document. 
Except as otherwise provided in this Agreement or the other Basic
Documents, each Purchaser shall be entitled to independently protect and
enforce its rights, including the rights arising out of this Agreement or out
of the other Basic Documents, and it shall not be necessary for any other
Purchaser to be joined as an additional party in any proceeding for such
purpose.

(a)           Units.  The number of Purchased Units to be issued
and sold to each Purchaser shall be equal to the quotient determined by
dividing (i) the amount for such Purchaser under the column entitled “Units” on
Schedule 2.01 by (ii) the Unit Price (as defined in Section 2.01(c) below),
which quotient shall be rounded, if necessary, down to the nearest whole 

 6
 

number; provided, however, that each
Purchaser (i) acknowledges that in no event shall Linn issue to the Purchasers
an aggregate number of Units in excess of 19.9% of Linn’s outstanding Units
immediately prior to such issuance (the “Permitted Amount”) and (ii)
agrees to decrease the aggregate number of Units and increase the aggregate
number of Class C Units to the extent required to cause the number of Units
issued to be less than the Permitted Amount. 
The Purchased Units shall have those rights, preferences, privileges and
restrictions governing the Units as set forth in the Second Amended and
Restated Limited Liability Company Agreement of Linn, dated as of January 19,
2006 (the “Limited Liability Company Agreement”), as amended by an
amendment to the Limited Liability Company Agreement, in all material respects
in the form of Exhibit A to this Agreement, which Linn will cause to be
adopted immediately prior to the issuance and sale of Class C Units
contemplated by this Agreement (the “Class C Amendment”).  References herein to the Limited Liability
Company Agreement shall include or exclude the Class C Amendment as the context
requires.

(b)           Class C Units.  The number of Purchased Class C Units to be
issued and sold to each Purchaser shall be equal to the quotient determined by
dividing (i) the amount for such Purchaser under the column entitled “Class C
Units” on Schedule 2.01 (including any increase in such number of Class C Units
as a result of the proviso contained in Section 2.01(a)) by (ii) the Class C
Unit Price (as defined in Section 2.01(c) below), which quotient shall be
rounded, if necessary, down to the nearest whole number.  The Purchased Class C Units shall have those
rights, preferences, privileges and restrictions governing the Class C Units,
which shall be reflected in the Limited Liability Company Agreement, as amended
by the Class C Amendment.

(c)           Consideration.  The amount per Unit each Purchaser will pay
to Linn to purchase the Purchased Units (the “Unit Price”) shall be
$26.00.  The amount per Class C Unit each
Purchaser will pay to Linn to purchase the Purchased Class C Units (the “Class
C Unit Price”) shall be $25.06.

Section 2.02.          Closing.  The execution and delivery of the Basic
Documents (other than this Agreement), the delivery of certificates
representing the Purchased Class C Units and the Purchased Units, the payment
by each Purchaser of its respective Commitment Amount and execution and
delivery of all other instruments, agreements and other documents required by
this Agreement (the “Closing”) shall take place on a date (the “Closing
Date”) concurrent with the Stallion Closing Date, but on or prior to March
31, 2007, provided that Linn shall have given each Purchaser five (5) Business
Days (or such shorter period as shall be agreeable to the Parties) prior notice
of such designated Closing Date, at the offices of Vinson & Elkins L.L.P.,
1001 Fannin, 2500 First City Tower, Houston, Texas 77007.

ARTICLE III

REPRESENTATIONS AND WARRANTIES OF LINN

Linn represents and
warrants to the Purchasers, on and as of the date of this Agreement and on and
as of the Closing Date, as follows:

Section 3.01.          Corporate
Existence.  Linn: (i) is a limited
liability company duly organized, validly existing and in good standing under
the Laws of the State of Delaware; (ii) has 

 7
 

all requisite limited liability company power, and has all material
governmental licenses, authorizations, consents and approvals, necessary to own
its Properties and carry on its business as its business is now being conducted
as described in the Linn SEC Documents, except where the failure to obtain such
licenses, authorizations, consents and approvals would not reasonably be
expected to have a Linn Material Adverse Effect; and (iii) is qualified to do
business in all jurisdictions in which the nature of the business conducted by
it makes such qualifications necessary, except where failure so to qualify
would not reasonably be expected to have a Linn Material Adverse Effect.

Section 3.02.          Capitalization
and Valid Issuance of Purchased Class C Units and Purchased Units.

(a)           As of the date of
this Agreement, and prior to the issuance and sale of the Purchased Class C
Units and the Purchased Units, the issued and outstanding membership interests
of Linn consist of 33,417,187 Units and 9,185,965 Class B Units (which are
expected to convert into Units on a one-for-one basis on or about January 16,
2007).  All of the outstanding Units and
Class B Units have been duly authorized and validly issued in accordance with
applicable Law and the Limited Liability Company Agreement and are fully paid
(to the extent required under the Limited Liability Company Agreement) and
non-assessable (except as such non-assessability may be affected by Section
18-607 of the Delaware Limited Liability Company Act (the “Delaware LLC Act”).

(b)           Other than Linn’s
existing (i) Long-Term Incentive Plan and (ii) Memorandum of Understanding
Regarding Compensation Arrangements for Members of its Board of Directors, Linn
has no equity compensation plans that contemplate the issuance of Units (other
than Class B Units outstanding on the date hereof) or Class B Units (or
securities convertible into or exchangeable for Units (other than Class B Units
outstanding on the date hereof) or Class B Units).  Linn has no outstanding indebtedness having
the right to vote (or convertible into or exchangeable for securities having
the right to vote) on any matters on which the Unitholders may vote.  Except as set forth in the first sentence of
this Section 3.02(b), as contemplated by this Agreement or as are contained in
the Limited Liability Company Agreement, there are no outstanding or authorized
(i) options, warrants, preemptive rights, subscriptions, calls or other rights,
convertible securities, agreements, claims or commitments of any character
obligating Linn or any of its Subsidiaries to issue, transfer or sell any
limited liability company interests or other equity interests in Linn or any of
its Subsidiaries or securities convertible into or exchangeable for such
limited liability company interests or other equity interests, (ii) obligations
of Linn or any of its Subsidiaries to repurchase, redeem or otherwise acquire
any limited liability company interests or other equity interests in Linn or
any of its Subsidiaries or any such securities or agreements listed in clause
(i) of this sentence or (iii) voting trusts or similar agreements to which Linn
or any of its Subsidiaries is a party with respect to the voting of the equity
interests of Linn or any of its Subsidiaries.

(c)           (i) All of the
issued and outstanding equity interests of each of Linn’s Subsidiaries are
owned, directly or indirectly, by Linn free and clear of any Liens (except for
such restrictions as may exist under applicable Law and except for such Liens
as may be imposed under Linn’s or Linn’s Subsidiaries’ credit facilities filed
as exhibits to the Linn SEC Documents), and all such ownership interests have
been duly authorized and validly issued and 

 8
 

are fully paid (to the extent required by the organizational documents
of Linn’s Subsidiaries, as applicable) and non-assessable (except as
non-assessability may be affected by Section 18-607 of the Delaware LLC Act or
the organizational documents of Linn’s Subsidiaries, as applicable) and free of
preemptive rights, with no personal liability attaching to the ownership
thereof, and (ii) except as disclosed in the Linn SEC Documents, neither Linn
nor any of its Subsidiaries owns any shares of capital stock or other
securities of, or interest in, any other Person, or is obligated to make any
capital contribution to or other investment in any other Person.

(d)           The offer and sale
of the Purchased Class C Units and the Purchased Units and the membership
interests represented thereby will be duly authorized by Linn pursuant to the
Limited Liability Company Agreement prior to the Closing and, when issued and
delivered to the Purchasers against payment therefor in accordance with the
terms of this Agreement, will be validly issued, fully paid (to the extent
required by the Limited Liability Company Agreement) and non-assessable (except
as such non-assessability may be affected by Section 18-607 of the Delaware LLC
Act) and will be free of any and all Liens and restrictions on transfer, other
than restrictions on transfer under the Limited Liability Company Agreement,
the Registration Rights Agreement and applicable state and federal securities
Laws and other than such Liens as are created by the Purchasers.

(e)           The Units issuable
upon conversion of the Class C Units, and the membership interests represented
thereby, upon issuance in accordance with the terms of the Class C Units as
reflected in the Class C Amendment, and upon receipt of the required Unitholder
approval, will be duly authorized by Linn pursuant to the Limited Liability
Company Agreement, and will be validly issued, fully paid (to the extent
required by applicable Law and the Limited Liability Company Agreement) and
non-assessable (except as such non-assessability may be affected by Section
18-607 of the Delaware LLC Act) and will be free of any and all Liens and
restrictions on transfer, other than restrictions on transfer under the Limited
Liability Company Agreement and under applicable state and federal securities
Laws and other than such Liens as are created by the Purchasers.

(f)            The Purchased Units
will be issued in compliance with all applicable rules of The Nasdaq Global
Market.  Prior to the Closing Date, Linn
will submit to The Nasdaq Global Market a Notification Form: Listing of
Additional Units with respect to the Purchased Units and the Units underlying
the Purchased Class C Units.  Linn’s
currently outstanding Units are quoted on The Nasdaq Global Market and Linn has
not received any notice of delisting.

(g)           The Purchased Units
shall have those rights, preferences, privileges and restrictions governing the
Units as set forth in the Limited Liability Company Agreement, as amended by
the Class C Amendment.  A true and correct
copy of the Limited Liability Company Agreement, as amended through the date
hereof (but excluding the Class C Amendment), has been filed by Linn with the
Commission on January 19, 2006 as Exhibit 3.1 to Linn’s Current Report on Form
8-K and on October 25, 2006 as Exhibit 4.1 to Linn’s Current Report on Form
8-K.  The Purchased Class C Units shall
have those rights, preferences, privileges and restrictions governing the Class
C Units, which shall be reflected in the Limited Liability Company Agreement,
as amended by the Class C Amendment.

 9

Section 3.03.          Linn SEC
Documents.  Linn has filed with the
Commission all forms, registration statements, reports, schedules and
statements required to be filed by it under the Exchange Act or the Securities
Act (all such documents filed on or prior to the date of this Agreement,
collectively, the “Linn SEC Documents”). 
The Linn SEC Documents, including any audited or unaudited financial
statements and any notes thereto or schedules included therein (the “Linn
Financial Statements”), at the time filed (in the case of registration
statements, solely on the dates of effectiveness) (except to the extent
corrected by a subsequently filed Linn SEC Document filed prior to the date of
this Agreement) (i) did not contain any untrue statement of a material fact or
omit to state a material fact required to be stated therein or necessary in
order to make the statements therein, in light of the circumstances under which
they were made, not misleading, (ii) complied in all material respects with the
applicable requirements of the Exchange Act and the Securities Act, as the case
may be, (iii) complied as to form in all material respects with applicable
accounting requirements and with the published rules and regulations of the
Commission with respect thereto, (iv) were prepared in accordance with GAAP
applied on a consistent basis during the periods involved (except as may be
indicated in the notes thereto or, in the case of unaudited statements, as
permitted by Form 10-Q of the Commission) and (v) fairly present (subject in
the case of unaudited statements to normal, recurring and year-end audit
adjustments) in all material respects the consolidated financial position and
status of the business of Linn as of the dates thereof and the consolidated
results of its operations and cash flows for the periods then ended.  KPMG LLP is an independent registered public
accounting firm with respect to Linn and has not resigned or been dismissed as
independent registered public accountants of Linn as a result of or in
connection with any disagreement with Linn on any matter of accounting
principles or practices, financial statement disclosure or auditing scope or
procedures.

Section 3.04.          No
Material Adverse Change.  Except as
set forth in or contemplated by the Linn SEC Documents, and except for the
proposed Stallion Acquisition, which has been disclosed to, and discussed with,
each of the Purchasers, since December 31, 2005, Linn and its Subsidiaries have
conducted their business in the ordinary course, consistent with past practice,
and there has been no (i) change that has had or would reasonably be expected
to have a Linn Material Adverse Effect (ii) acquisition or disposition of any
material asset by Linn or any of its Subsidiaries or any contract or
arrangement therefor, otherwise than for fair value in the ordinary course of
business, (iii) material change in Linn’s accounting principles, practices or
methods or (iv) incurrence of material indebtedness (other than the incurrence
of such indebtedness as is contemplated in connection with the Stallion
Acquisition).

Section 3.05.          Litigation.  Except as set forth in the Linn SEC
Documents, there is no Action pending or, to the knowledge of Linn,
contemplated or threatened against Linn or any of its Subsidiaries or any of
their respective officers, directors or Properties, which (individually or in
the aggregate) reasonably would be expected to have a Linn Material Adverse
Effect, which challenges the validity of this Agreement.

Section 3.06.          No
Breach.  The execution, delivery and
performance by Linn of the Basic Documents to which it is a party and all other
agreements and instruments in connection with the transactions contemplated by
the Basic Documents, and compliance by Linn with the terms and provisions
hereof and thereof, do not and will not (a) violate any provision of any Law,
governmental permit, determination or award having applicability to Linn or any
of its 

 10
 

Subsidiaries or any of their respective Properties, (b) conflict with
or result in a violation of any provision of the Certificate of Formation of
Linn or the Limited Liability Company Agreement or any organizational documents
of any of Linn’s Subsidiaries, (c) require any consent, approval or notice
under or result in a violation or breach of or constitute (with or without due
notice or lapse of time or both) a default (or give rise to any right of
termination, cancellation or acceleration) under (i) any note, bond, mortgage,
license, or loan or credit agreement to which Linn or any of its Subsidiaries
is a party or by which Linn or any of its Subsidiaries or any of their
respective Properties may be bound or (ii) any other agreement, instrument or
obligation, or (d) result in or require the creation or imposition of any Lien
upon or with respect to any of the Properties now owned or hereafter acquired
by Linn or any of its Subsidiaries, except in the cases of clauses (a), (c) and
(d) where such violation, default, breach, termination, cancellation, failure
to receive consent or approval, or acceleration with respect to the foregoing
provisions of this Section 3.06 would not, individually or in the aggregate,
reasonably be expected to have a Linn Material Adverse Effect.

Section 3.07.          Authority.  Linn has all necessary limited liability
company power and authority to execute, deliver and perform its obligations
under the Basic Documents to which it is a party and to consummate the
transactions contemplated thereby; the execution, delivery and performance by
Linn of each of the Basic Documents to which it is a party, and the consummation
of the transactions contemplated thereby, have been duly authorized by all
necessary action on its part; and the Basic Documents constitute the legal,
valid and binding obligations of Linn, enforceable in accordance with their
terms, except as such enforceability may be limited by bankruptcy, insolvency,
fraudulent transfer and similar Laws affecting creditors’ rights generally or
by general principles of equity.  Except
as contemplated by this Agreement, no approval by the Unitholders is required
as a result of Linn’s issuance and sale of the Purchased Class C Units or the
Purchased Units.

Section 3.08.          Approvals.  Except as contemplated by this Agreement or
as required by the Commission in connection with Linn’s obligations under the
Registration Rights Agreement, no authorization, consent, approval, waiver,
license, qualification or written exemption from, nor any filing, declaration,
qualification or registration with, any Governmental Authority or any other
Person is required in connection with the execution, delivery or performance by
Linn of any of the Basic Documents to which it is a party, except where the
failure to receive such authorization, consent, approval, waiver, license,
qualification or written exemption or to make such filing, declaration,
qualification or registration would not, individually or in the aggregate,
reasonably be expected to have a Linn Material Adverse Effect.

Section 3.09.          MLP Status.  Linn met for the taxable year ended December
31, 2005, and Linn expects to meet for the taxable year ending December 31,
2006, the gross income requirements of Section 7704(c)(2) of the Code, and accordingly Linn is not, and does
not reasonably expect to be, taxed as a corporation for U.S. federal income tax
purposes or for applicable tax purposes. 
Linn indicated in the Form K-1 for the year ended December 31, 2005,
that its Unitholders may be subject to state income taxes in the following
jurisdictions: New York, Pennsylvania and West Virginia.

Section 3.10.          Investment
Company Status.  Linn is not an “investment
company” within the meaning of the Investment Company Act of 1940, as amended.

 11
 

 

Section 3.11.          Offering.  Assuming the accuracy of the representations
and warranties of the Purchasers contained in this Agreement, the sale and issuance
of the Purchased Class C Units and the Purchased Units pursuant to this
Agreement are exempt from the registration requirements of the Securities Act,
and neither Linn nor any authorized Representative acting on its behalf has
taken or will take any action hereafter that would cause the loss of such
exemption.

Section 3.12.          Certain
Fees.  Except for the Placement Agent
Fees, no fees or commissions will be payable by Linn to brokers, finders or
investment bankers with respect to the sale of any of the Purchased Class C
Units or the Purchased Units or the consummation of the transactions
contemplated by this Agreement.  The
Purchasers shall not be liable for any such fees or commissions.  Linn agrees that it will indemnify and hold
harmless each of the Purchasers from and against any and all claims, demands or
liabilities for broker’s, finder’s, placement or other similar fees or
commissions incurred by Linn or alleged to have been incurred by Linn in
connection with the sale of Purchased Class C Units or Purchased Units or the
consummation of the transactions contemplated by this Agreement.

Section 3.13.          No Side
Agreements.  Except for the
confidentiality agreements entered into by and between each of the Purchasers
and Linn, there are no other agreements by, among or between Linn or its
Affiliates, on the one hand, and any of the Purchasers or their Affiliates, on
the other hand, with respect to the transactions contemplated hereby nor
promises or inducements for future transactions between or among any of such
parties.

Section 3.14.          Class C
Unit Vote.  The affirmative vote of a
majority of the total votes cast by the holders of Units (with the exception of
the Purchased Units, which are not entitled to vote according to the rules of
The Nasdaq Global Market) is the only approval required to approve the
conversion of Class C Units into Units. 
As of the date of this Agreement and based on Linn’s records or third
party records, the Persons listed on Schedule 3.14 to this Agreement are
the beneficial owners of the Units set forth opposite such Person’s name on Schedule
3.14 to this Agreement.

Section 3.15.          Unitholder
Voting Agreement.  Linn has,
contemporaneously with entering into this Agreement, entered into the
Unitholder Voting Agreement in the form attached hereto as Exhibit D.

Section 3.16.          Internal
Accounting Controls.  Except as
disclosed in the Linn SEC Documents, Linn and its Subsidiaries maintain a
system of internal accounting controls sufficient to provide reasonable
assurance that (i) transactions are executed in accordance with management’s
general or specific authorizations, (ii) transactions are recorded as necessary
to permit preparation of financial statements in conformity with GAAP and to
maintain asset accountability, (iii) access to assets is permitted only in
accordance with management’s general or specific authorization and (iv) the
recorded accountability for assets is compared with the existing assets at
reasonable intervals and appropriate action is taken with respect to any
differences.

Section 3.17.          Preemptive
Rights or Registration Rights. 
Except (i) as set forth in the Limited Liability Company Agreement, (ii)
as set forth in the other organizational documents of Linn and its
Subsidiaries, (iii) as provided in the Basic Documents or (iv) for existing
awards 

 12
 

under Linn’s Long-Term Incentive Plan and Memorandum of Understanding
Regarding Compensation Arrangements, there are no preemptive rights or other
rights to subscribe for or to purchase, nor any restriction upon the voting or
transfer of, any capital stock or limited liability company or membership
interests of Linn or any of its Subsidiaries, in each case pursuant to any
other agreement or instrument to which any of such Persons is a party or by
which any one of them may be bound.  None
of the execution of this Agreement, the issuance of the Purchased Class C Units
or the Purchased Units as contemplated by this Agreement or the conversion of
the Class C Units into Units gives rise to any rights for or relating to the
registration of any securities of Linn, other than pursuant to the Registration
Rights Agreement.

Section 3.18.          Insurance.  Linn and its Subsidiaries are insured against
such losses and risks and in such amounts as Linn believes in its sole
discretion to be prudent for its businesses. 
Linn does not have any reason to believe that it or any Subsidiary will
not be able to renew its existing insurance coverage as and when such coverage
expires or to obtain similar coverage from similar insurers as may be necessary
to continue its business.

Section 3.19.          Acknowledgment Regarding Purchase
of Purchased Units and Purchased Class C Units.  Linn acknowledges and agrees that (i) each of
the Purchasers is participating in the transactions contemplated by this
Agreement and the other Basic Documents at Linn’s request and Linn has
concluded that such participation is in Linn’s best interest and is consistent
with Linn’s objectives and (ii) each of the Purchasers is acting solely in the
capacity of an arm’s length purchaser. 
Linn further acknowledges that no Purchaser is acting or has acted as an advisor,
agent or fiduciary of Linn (or in any similar capacity) with respect to this
Agreement or the other Basic Documents and any advice given by any Purchaser or
any of its respective Representatives in connection with this Agreement or the
other Basic Documents is merely incidental to the Purchasers’ purchase of
Purchased Units and Purchased Class C Units. 
Linn further represents to each Purchaser that Linn’s decision to enter
into this Agreement has been based solely on the independent evaluation of the
transactions contemplated hereby by Linn and its Representatives.

ARTICLE IV

REPRESENTATIONS AND WARRANTIES OF EACH PURCHASER

Each Purchaser, severally and not jointly, represents
and warrants to Linn with respect to itself, on and as of the date of this
Agreement and on and as of the Closing Date, as follows:

Section 4.01.          Valid
Existence.  Such Purchaser (i) is
duly organized, validly existing and in good standing under the Laws of its
respective jurisdiction of organization and (ii) has all requisite power, and
has all material governmental licenses, authorizations, consents and approvals,
necessary to own its Properties and carry on its business as its business is
now being conducted, except where the failure to obtain such licenses,
authorizations, consents and approvals would not have and would not reasonably
be expected to have a Purchaser Material Adverse Effect.

Section 4.02.          No
Breach.  The execution, delivery and
performance by such Purchaser of the Basic Documents to which it is a party and
all other agreements and instruments in connection with the transactions
contemplated by the Basic Documents to which it is a party, and 

 13
 

compliance by such Purchaser with the terms
and provisions hereof and thereof and the purchase of the Purchased Class C
Units and the Purchased Units by such Purchaser do not and will not (a) violate
any provision of any Law, governmental permit, determination or award having
applicability to such Purchaser or any of its Properties, (b) conflict with or
result in a violation of any provision of the organizational documents of such
Purchaser or (c) require any consent (other than standard internal consents),
approval or notice under or result in a violation or breach of or constitute
(with or without due notice or lapse of time or both) a default (or give rise
to any right of termination, cancellation or acceleration) under (i) any note,
bond, mortgage, license, or loan or credit agreement to which such Purchaser is
a party or by which such Purchaser or any of its Properties may be bound or
(ii) any other such agreement, instrument or obligation, except in the case of
clauses (a) and (c) where such violation, default, breach, termination,
cancellation, failure to receive consent or approval, or acceleration with
respect to the foregoing provisions of this Section 4.02 would not,
individually or in the aggregate, reasonably be expected to have a Purchaser
Material Adverse Effect.

Section
4.03.          Investment.  The Purchased Class C Units and the Purchased
Units are being acquired for such Purchaser’s own account, or the accounts of
clients for whom such Purchaser exercises discretionary investment authority
(all of whom such Purchaser represents and warrants are “accredited investors”
within the meaning of Rule 501 of Regulation D promulgated by the Commission
pursuant to the Securities Act), not as a nominee or agent, and with no present
intention of distributing the Purchased Class C Units or the Purchased Units or
any part thereof, and such Purchaser has no present intention of selling or
granting any participation in or otherwise distributing the same in any
transaction in violation of the securities Laws of the United States of America
or any state, without prejudice, however, to such Purchaser’s right at all
times to sell or otherwise dispose of all or any part of the Purchased Class C
Units or the Purchased Units under a registration statement under the
Securities Act and applicable state securities Laws or under an exemption from
such registration available thereunder (including, if available, Rule 144
promulgated thereunder).  If such
Purchaser should in the future decide to dispose of any of the Purchased Class
C Units or the Purchased Units, such Purchaser understands and agrees (a) that
it may do so only (i) in compliance with the Securities Act and applicable
state securities Law, as then in effect, or pursuant to an exemption therefrom
or (ii) in the manner contemplated by any registration statement pursuant to
which such securities are being offered, and (b) that stop-transfer
instructions to that effect will be in effect with respect to such
securities.  Notwithstanding the
foregoing, each Purchaser may at any time enter into one or more total return
swaps with respect to such Purchaser’s Purchased Class C Units or Purchased
Units with a third party provided that such transactions are exempt from
registration under the Securities Act.  Notwithstanding the foregoing, with
respect to Goldman, Sachs & Co., the restrictions contained in this Section
4.03 shall only apply to the Goldman Sachs Principal Strategies Group, as
currently configured, and shall not restrict or limit the activities of any
area or division of Goldman, Sachs & Co. or any of its Affiliates, other
than Goldman Sachs Principal Strategies Group, as currently configured.

Section 4.04.          Nature
of Purchaser.  Such Purchaser
represents and warrants to, and covenants and agrees with, Linn that (a) it is
an “accredited investor” within the meaning of Rule 501 of Regulation D
promulgated by the Commission pursuant to the Securities Act and (b) by reason
of its business and financial experience it has such knowledge, sophistication
and experience in business and financial matters so as to be capable of evaluating
the merits and risks 

 14
 

of the prospective investment in the
Purchased Class C Units and the Purchased Units, is able to bear the economic
risk of such investment and, at the present time, would be able to afford a
complete loss of such investment.

Section 4.05.          Receipt
of Information; Authorization.  Such
Purchaser acknowledges that it has (a) had access to the Linn SEC Documents,
(b) had access to information regarding the Stallion Acquisition and its
potential effect on Linn’s operations and financial results and (c) been
provided a reasonable opportunity to ask questions of and receive answers from
Representatives of Linn regarding such matters.

Section 4.06.          Restricted
Securities.  Such Purchaser
understands that the Purchased Class C Units and the Purchased Units it is
purchasing are characterized as “restricted securities” under the federal
securities Laws inasmuch as they are being acquired from Linn in a transaction
not involving a public offering and that under such Laws and applicable regulations
such securities may be resold without registration under the Securities Act
only in certain limited circumstances. 
In this connection, Purchaser represents that it is knowledgeable with
respect to Rule 144 of the Commission promulgated under the Securities Act.

Section 4.07.          Certain
Fees.  No fees or commissions will be
payable by such Purchaser to brokers, finders or investment bankers with
respect to the sale of any of the Purchased Class C Units or the Purchased
Units or the consummation of the transactions contemplated by this
Agreement.  Linn will not be liable for
any such fees or commissions.  Such
Purchaser agrees, severally and not jointly with the other Purchasers, that it
will indemnify and hold harmless Linn from and against any and all claims,
demands or liabilities for broker’s, finder’s, placement or other similar fees
or commissions incurred by such Purchaser or alleged to have been incurred by
such Purchaser in connection with the purchase of Purchased Class C Units or
Purchased Units or the consummation of the transactions contemplated by this
Agreement.

Section 4.08.          Legend.  It is understood that the certificates
evidencing the Purchased Class C Units and the Purchased Units and the
certificates evidencing the Units issuable upon conversion of the Purchased
Class C Units initially will bear the following legend: “These securities have
not been registered under the Securities Act of 1933, as amended.  These securities may not be sold, offered for
sale, pledged or hypothecated in the absence of a registration statement in
effect with respect to the securities under such Act or pursuant to an
exemption from registration thereunder and, in the case of a transaction exempt
from registration, unless sold pursuant to Rule 144 under such Act or the
issuer has received documentation reasonably satisfactory to it that such
transaction does not require registration under such Act.”

Section 4.09.          No
Side Agreements.  Except for the
confidentiality agreements entered into by and between such Purchaser and Linn,
there are no other agreements by, among or between Linn or its Affiliates, on
the one hand, and such Purchaser or its Affiliates, on the other hand, with
respect to the transactions contemplated hereby nor promises or inducements for
future transactions between or among any of such parties.  Notwithstanding the foregoing, with respect to Goldman, Sachs &
Co., the representation made in this Section 4.09 is made only by the Goldman
Sachs Principal Strategies 

 15
 

Group, as currently configured,
and does not apply to Goldman, Sachs & Co. or any of its Affiliates, other
than Goldman Sachs Principal Strategies Group, as currently configured.  Notwithstanding the foregoing, with respect
to Lehman Brothers Inc., the representation made in this Section 4.09 is made only by Lehman
Brothers MLP Partners, L.P., as
currently configured, and does not apply to Lehman Brothers Inc. or any of its
Affiliates, other than Lehman Brothers MLP Partners, L.P., as currently configured.

ARTICLE V

COVENANTS

Section 5.01.          Shareholder Vote With Respect to
Conversion.

(a)           Linn shall, in accordance with
applicable Law and the Limited Liability Company Agreement, take all action
necessary to convene a meeting of its Unitholders to consider and vote upon the
conversion of the Class C Units into Units as soon as practicable, but in any
event not later than June 30, 2007. 
Subject to fiduciary duties under applicable Law, the Board of Directors
shall, in connection with such meeting, recommend approval of the conversion of
the Class C Units into Units and shall take all other lawful action to solicit
the approval of the conversion of the Class C Units into Units by the
Unitholders, except that Linn may, but shall not be required to, hire any proxy
solicitation firm in connection with such meeting.

(b)           If the conversion of the Class C
Units into Units is not approved by the Unitholders at the meeting contemplated
by Section 5.01(a), upon written notice from the Purchasers holding a majority
of the Class C Units, Linn shall be obligated to convene another meeting of its
Unitholders on the terms set forth in Section 5.01(a) (except that such meeting
shall take place no later than 90 days after the meeting contemplated by
Section 5.01(a)), and the Board of Directors shall again be obligated to take
the actions set forth in Section 5.01(a) with respect to such meeting.  If the approval of Linn’s Unitholders is not
obtained at this second meeting of Unitholders, then Linn shall be obligated to
include the conversion of Class C Units into Units as a proposal to be voted
upon at no more than two subsequent meetings of its Unitholders within 90 days
after the preceding meeting, and its Board of Directors shall remain obligated
to take the actions set forth in Section 5.01(a) with respect to each such
meeting.

Section 5.02.          Subsequent
Public Offerings.  Without the
written consent of the holders of a majority of the Purchased Class C Units and
the Purchased Units, taken as a whole, from the date of this Agreement until
the Lock-Up Date, Linn shall not, and shall cause its directors, officers and
Affiliates not to, grant, issue or sell any Units, Class B Units (except as
permitted under the transaction documents executed in connection with the
issuance and sale of the Class B Units) or Class C Units or other equity or
voting securities of Linn, any securities convertible into or exchangeable
therefor or take any other action that may result in the issuance of any of the
foregoing, other than (i) the issuance of the Purchased Class C Units and the Purchased
Units, (ii) the issuance of Awards (as defined in Linn’s Long-Term Incentive
Plan) or the issuance of Units upon the exercise of options to purchase Units
granted pursuant to Linn’s existing (A) Long-Term Incentive Plan or (B)
Memorandum of Understanding Regarding Compensation Arrangements for Members of
its Board of Directors, (iii) the issuance or sale of up to an aggregate of
15,000,000 Units issued or sold in a registered public offering to finance
future acquisitions that are accretive to cash flow per Unit (or the repayment
of indebtedness incurred in connection with such accretive acquisitions) at a
price no less than 110% of the Unit 

 16
 

Price or Class C Unit Price, as the case
may be, or in a private offering to finance future acquisitions that are
accretive to cash flow per Unit (or the repayment of indebtedness incurred in
connection with such accretive acquisitions) at a price no less than 105% of
the Unit Price or Class C Unit Price, as the case may be, (iv) the issuance of
up to 5,000,000 Units as purchase price consideration in connection with future
acquisitions that are accretive to cash flow per Unit and (v) the issuance by
Linn (or a newly formed finance corporation) of notes having an aggregate
principal amount not to exceed $150,000,000, which notes may be converted to
Units at a conversion premium of not less than 120% of the average closing
price of the Units for the ten (10) trading days immediately preceding the date
of the issuance of such notes. 
Notwithstanding the foregoing, Linn shall not, and shall cause its
directors, officers and Affiliates not to, sell, offer for sale or solicit
offers to buy any security (as defined in the Securities Act) that would be
integrated with the sale of the Purchased Class C Units or the Purchased Units
in a manner that would require the registration under the Securities Act of the
sale of the Purchased Class C Units or the Purchased Units to the Purchasers.

Section 5.03.          Vote
For Conversion of Class C Units.  At
any meeting (including adjournments or postponements thereof) of Linn’s
Unitholders held to consider approval of the conversion of the Class C Units
into Units (including the special meeting of Unitholders contemplated by
Section 5.01), each of the Purchasers agrees to vote all of its Units, with the
exception of the Purchased Units, which are not entitled to vote according to
the rules of The Nasdaq Global Market, in favor of the conversion of the Class
C Units into Units.  Notwithstanding the foregoing, with
respect to Goldman, Sachs & Co., the restrictions contained in this Section
5.03 shall only apply to the Goldman Sachs Principal Strategies Group, as
currently configured, and shall not restrict or limit the activities of any
area or division of Goldman, Sachs & Co. or any of its Affiliates, other
than Goldman Sachs Principal Strategies Group, as currently configured.

Section 5.04.          Purchaser
Lock-Up.  Without the prior written
consent of Linn, each Purchaser agrees that from and after the Closing it will
not sell any of its Purchased Class C Units or Purchased Units prior to the
Lock-Up Date; provided, however,
that each Purchaser may: (i) enter into one or more total return swaps or
similar transactions at any time with respect to the Purchased Class C Units or
the Purchased Units purchased by such Purchaser; or (ii) transfer its Purchased
Class C Units or Purchased Units to an Affiliate of such Purchaser or to any
other Purchaser or an Affiliate of such other Purchaser provided that such
Affiliate agrees to the restrictions in this Section 5.04.  Notwithstanding
the foregoing, with respect to Goldman, Sachs & Co., the restrictions
contained in this Section 5.04 shall only apply to the Goldman Sachs Principal
Strategies Group, as currently configured, and shall not restrict or limit the
activities of any area or division of Goldman, Sachs & Co. or any of its
Affiliates, other than Goldman Sachs Principal Strategies Group, as currently
configured.

Section 5.05.          Taking
of Necessary Action.  Each of the
Parties hereto shall use its commercially reasonable efforts promptly to take
or cause to be taken all action and promptly to do or cause to be done all
things necessary, proper or advisable under applicable Law and regulations to
consummate and make effective the transactions contemplated by this
Agreement.  Without limiting the
foregoing, Linn and each Purchaser will, and Linn shall cause each of its
Subsidiaries to, use its commercially reasonable efforts to make all filings
and obtain all consents of Governmental Authorities that may be necessary or,
in the reasonable opinion of the 

 17
 

Purchasers or Linn, as the case may be,
advisable for the consummation of the transactions contemplated by this
Agreement and the other Basic Documents.

Section 5.06.          Non-Disclosure;
Interim Public Filings.  Linn shall, on or before 8:30 a.m., New
York time, on the first Business Day following execution of this Agreement,
issue a press release acceptable to the Purchasers disclosing all material
terms of the transactions contemplated hereby, but excluding the material terms
of the Basic Documents.  Before 8:30
a.m., New York Time, on the first Business Day following the Closing Date, Linn
shall file a Current Report on Form 8-K with the Commission (the “8-K Filing”)
describing the terms of the transactions contemplated by this Agreement and the
other Basic Documents and including as exhibits to such Current Report on Form
8-K this Agreement and the other Basic Documents, in the form required by the
Exchange Act.  Thereafter, Linn shall
timely file any filings and notices required by the Commission or applicable
Law with respect to the transactions contemplated hereby and provide copies
thereof to the Purchasers promptly after filing.  Except with respect to the 8-K Filing and the
press release referenced above (a copy of which will be provided to the
Purchasers for their review as early as practicable prior to its filing), Linn
shall, at least two Business Days prior to the filing or dissemination of any
disclosure required by this Section 5.06, provide a copy thereof to the
Purchasers for their review.  Linn and
the Purchasers shall consult with each other in issuing any press releases or
otherwise making public statements or filings and other communications with the
Commission or any regulatory agency or The Nasdaq Global Market (or other
exchange on which securities of Linn are listed or traded) with respect to the
transactions contemplated hereby, and neither Party shall issue any such press
release or otherwise make any such public statement, filing or other communication
without the prior consent of the other, except if such disclosure is required
by Law, in which case the disclosing Party shall promptly provide the other
Party with prior notice of such public statement, filing or other
communication.  Notwithstanding the
foregoing, Linn shall not publicly disclose the name of any Purchaser, or
include the name of any Purchaser in any press release, without the prior
written consent of such Purchaser except to the extent the names of the
Purchasers are included in this Agreement as filed as an exhibit to the 8-K
Filing and the press release referred to in the first sentence above.  Linn shall not, and shall cause each of its
respective Representatives not to, provide any Purchaser with any material
non-public information regarding Linn from and after the issuance of the
above-referenced press release without the express written consent of such
Purchaser.

Section 5.07.          Use
of Proceeds.  Linn shall use the
collective proceeds from the sale of the Purchased Class C Units and the
Purchased Units to partially finance the Stallion Acquisition.

Section 5.08.          Class
C Amendment.  Linn shall cause the
Class C Amendment to be adopted immediately prior to the issuance and sale of
the Class C Units contemplated by this Agreement.

Section 5.09.          Tax Information. 
Linn shall cooperate with the Purchasers and provide the Purchasers with
any reasonably requested tax information related to their ownership of the
Purchased Units and the Purchased Class C Units.

 18

  
  ARTICLE VI
  CLOSING CONDITIONS
  Section 6.01.          Conditions
to the Closing.
  (a)           Mutual Conditions.  The respective obligation of each Party to
consummate the purchase and issuance and sale of the Purchased Units and the
Purchased Class C Units shall be subject to the satisfaction on or prior
to the Closing Date of each of the following conditions (any or all of which
may be waived by a particular Party on behalf of itself in writing, in whole or
in part, to the extent permitted by applicable Law):
  (i)            no Law shall have
been enacted or promulgated, and no action shall have been taken, by any
Governmental Authority of competent jurisdiction which temporarily,
preliminarily or permanently restrains, precludes, enjoins or otherwise
prohibits the consummation of the transactions contemplated by this Agreement
or makes the transactions contemplated by this Agreement illegal;
  (ii)           there shall not be
pending any Action by any Governmental Authority seeking to restrain, preclude,
enjoin or prohibit the transactions contemplated by this Agreement; and
  (iii)          Linn shall have
consummated the Stallion Acquisition substantially on the terms set forth in
the Stallion Acquisition Agreement executed on the date hereof.
  (b)           Each Purchaser’s
Conditions.  The respective
obligation of each Purchaser to consummate the purchase of its Purchased Units
and Purchased Class C Units shall be subject to the satisfaction on or prior to
the Closing Date of each of the following conditions (any or all of which may
be waived by a particular Purchaser on behalf of itself in writing, in whole or
in part, to the extent permitted by applicable Law):
  (i)            Linn shall have
performed and complied with the covenants and agreements contained in this
Agreement in all material respects that are required to be performed and
complied with by Linn on or prior to the Closing Date;
  (ii)           the representations
and warranties of Linn contained in this Agreement that are qualified by
materiality or Linn Material Adverse Effect shall be true and correct when made
and as of the Closing Date and all other representations and warranties shall
be true and correct in all material respects when made and as of the Closing
Date, in each case as though made at and as of the Closing Date (except that
representations made as of a specific date shall be required to be true and
correct as of such date only);
  (iii)          since the date of
this Agreement, no Linn Material Adverse Effect shall have occurred and be
continuing;
  (iv)          Linn shall have
adopted the Class C Amendment in all material respects in the form attached as Exhibit
A to this Agreement;

 19
 

     
  (v)           Linn shall have
submitted to The Nasdaq Global Market a Notification Form: Listing of
Additional Units with respect to the Purchased Units and the Units underlying
the Purchased Class C Units and no notice of delisting from The Nasdaq Global
Market shall have been received by Linn with respect to the Units;
  (vi)          Linn shall have
delivered, or caused to be delivered, to the Purchasers at the Closing, Linn’s
closing deliveries described in Section 6.02 of this Agreement; and
  (vii)         the Unitholder
Voting Agreement shall be in full force and effect.
  (c)           Linn’s Conditions.  The obligation of Linn to consummate the sale
of the Purchased Units to each of the Purchasers shall be subject to the
satisfaction on or prior to the Closing Date of the following conditions with
respect to each Purchaser individually and not the Purchasers jointly (which
may be waived by Linn in writing, in whole or in part, to the extent permitted
by applicable Law):
  (i)            each Purchaser
shall have performed and complied with the covenants and agreements contained
in this Agreement in all material respects that are required to be performed
and complied with by that Purchaser on or prior to the Closing Date;
  (ii)           the representations
and warranties of each Purchaser contained in this Agreement that are qualified
by materiality or Purchaser Material Adverse Effect shall be true and correct
when made and as of the Closing Date and all other representations and
warranties shall be true and correct in all material respects when made and as
of the Closing Date, in each case as though made at and as of the Closing Date
(except that representations made as of a specific date shall be required to be
true and correct as of such date only);
  (iii)          since the date of
this Agreement, no Purchaser Material Adverse Effect shall have occurred and be
continuing; and
  (iv)          each Purchaser shall
have delivered, or caused to be delivered, to Linn at the Closing, such
Purchaser’s closing deliveries described in Section 6.03 of this Agreement.
  Section 6.02.          Linn
Deliveries.  At the Closing, subject
to the terms and conditions of this Agreement, Linn will deliver, or cause to
be delivered, to each Purchaser:
  (a)           the Purchased Units
and the Purchased Class C Units by delivering certificates (bearing the legend
set forth in Section 4.08) evidencing such Purchased Units and such Purchased
Class C Units at the Closing, all free and clear of any Liens, encumbrances or
interests of any other party;
  (b)           the Officer’s
Certificate substantially in the form attached to this Agreement as Exhibit
E;

 20
 

     
  (c)           opinions addressed
to the Purchasers from outside legal counsel to Linn and from the General
Counsel of Linn, each dated the Closing Date, substantially similar in
substance to the form of opinions attached to this Agreement as Exhibit B;
  (d)           the Registration
Rights Agreement in substantially the form attached to this Agreement as Exhibit
C, which shall have been duly executed by Linn;
  (e)           a certificate of the
Secretary of Linn dated as of the Closing Date, as to certain matters;
  (f)            a certificate dated
as of a recent date of the Secretary of State of the State of Delaware with
respect to the due organization and good standing in the State of Delaware of
Linn; and
  (g)           a receipt, dated the
Closing Date, executed by Linn and delivered to each Purchaser certifying that
Linn has received the Purchase Price with respect to the Purchased Class C
Units and the Purchased Units issued and sold to all Purchasers.
  Section 6.03.          Purchaser
Deliveries.  At the Closing, subject
to the terms and conditions of this Agreement, each Purchaser will deliver, or
cause to be delivered, to Linn:
  (a)           payment to Linn of
such Purchaser’s Commitment Amount by wire transfer(s) of immediately available
funds to an account designated by Linn in writing at least two (2) Business
Days (or such shorter period as shall be agreeable to all Parties hereto) prior
to the Closing;
  (b)           the Registration
Rights Agreement in substantially the form attached to this Agreement as Exhibit
C, which shall have been duly executed by such Purchaser; and
  (c)           an Officer’s
Certificate substantially in the form attached to this Agreement as Exhibit
F.
  ARTICLE VII
  INDEMNIFICATION, COSTS AND EXPENSES
  Section 7.01.          Indemnification
by Linn.  Linn agrees to indemnify
each Purchaser and its Representatives (collectively, “Purchaser Related
Parties”) from, and hold each of them harmless against, any and all
actions, suits, proceedings (including any investigations, litigation or
inquiries), demands and causes of action, and, in connection therewith, and
promptly upon demand, pay and reimburse each of them for all costs, losses,
liabilities, damages or expenses of any kind or nature whatsoever, including
the reasonable fees and disbursements of counsel and all other reasonable
expenses incurred in connection with investigating, defending or preparing to
defend any such matter that may be incurred by them or asserted against or
involve any of them as a result of, arising out of or in any way related to (i)
any actual or proposed use by Linn of the proceeds of any sale of the Purchased
Class C Units or the Purchased Units or (ii) the breach of any of the
representations, warranties or covenants of Linn contained herein; provided
that such claim for indemnification relating to a breach of a representation or
warranty is made prior to the expiration of such representation or warranty.

 21
 

     
  Section 7.02.          Indemnification
by Purchasers.  Each Purchaser
agrees, severally and not jointly, to indemnify Linn and its Representatives
(collectively, “Linn Related Parties”) from, and hold each of them
harmless against, any and all actions, suits, proceedings (including any
investigations, litigation or inquiries), demands and causes of action, and, in
connection therewith, and promptly upon demand, pay and reimburse each of them
for all costs, losses, liabilities, damages or expenses of any kind or nature
whatsoever, including the reasonable fees and disbursements of counsel and all
other reasonable expenses incurred in connection with investigating, defending
or preparing to defend any such matter that may be incurred by them or asserted
against or involve any of them as a result of, arising out of or in any way
related to the breach of any of the covenants of such Purchaser contained
herein.
  Section 7.03.          Indemnification
Procedure.  Promptly after any Linn
Related Party or Purchaser Related Party (hereinafter, the “Indemnified
Party”) has received notice of any indemnifiable claim hereunder, or the
commencement of any action or proceeding by a third party, which the
Indemnified Party believes in good faith is an indemnifiable claim under this
Agreement, the Indemnified Party shall give the indemnitor hereunder (the “Indemnifying
Party”) written notice of such claim or the commencement of such action or
proceeding, but failure to so notify the Indemnifying Party will not relieve
the Indemnifying Party from any liability it may have to such Indemnified Party
hereunder except to the extent that the Indemnifying Party is materially
prejudiced by such failure.  Such notice
shall state the nature and the basis of such claim to the extent then
known.  The Indemnifying Party shall have
the right to defend and settle, at its own expense and by its own counsel who
shall be reasonably acceptable to the Indemnified Party, any such matter as
long as the Indemnifying Party pursues the same diligently and in good
faith.  If the Indemnifying Party
undertakes to defend or settle, it shall promptly notify the Indemnified Party
of its intention to do so, and the Indemnified Party shall cooperate with the
Indemnifying Party and its counsel in all commercially reasonable respects in
the defense thereof and the settlement thereof. 
Such cooperation shall include furnishing the Indemnifying Party with
any books, records and other information reasonably requested by the
Indemnifying Party and in the Indemnified Party’s possession or control.  Such cooperation of the Indemnified Party
shall be at the cost of the Indemnifying Party. 
After the Indemnifying Party has notified the Indemnified Party of its
intention to undertake to defend or settle any such asserted liability, and for
so long as the Indemnifying Party diligently pursues such defense, the
Indemnifying Party shall not be liable for any additional legal expenses
incurred by the Indemnified Party in connection with any defense or settlement
of such asserted liability; provided,
however, that the Indemnified
Party shall be entitled (i) at its expense, to participate in the defense of
such asserted liability and the negotiations of the settlement thereof and (ii)
if (A) the Indemnifying Party has failed to assume the defense or employ
counsel reasonably acceptable to the Indemnified Party or (B) 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 in addition 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 expenses and
fees of such separate counsel and other expenses related to such participation
to be reimbursed by the Indemnifying Party as incurred.  Notwithstanding any other provision of this
Agreement, the Indemnifying Party shall not settle any indemnified claim
without the 

 22
 

    consent of the Indemnified Party, unless the settlement thereof imposes
no liability or obligation on, involves no admission of wrongdoing or
malfeasance by, and includes a complete release from liability of, the
Indemnified Party.
  ARTICLE VIII
  MISCELLANEOUS
  Section 8.01.          Interpretation.  Article, Section, Schedule and Exhibit
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 Linn has an obligation under the
Basic Documents, the expense of complying with such obligation shall be an
expense of Linn unless otherwise specified. 
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. 
If any provision in the Basic Documents is held to be illegal, invalid,
not binding or unenforceable, such provision shall be fully severable and the
Basic Documents shall be construed and enforced as if such illegal, invalid,
not binding or unenforceable provision had never comprised a part of the Basic
Documents, and the remaining provisions shall remain in full force and effect.  The Basic Documents have been reviewed and
negotiated by sophisticated parties with access to legal counsel and shall not
be construed against the drafter.
  Section 8.02.          Survival
of Provisions.  The representations
and warranties set forth in this Agreement shall survive the execution and
delivery of this Agreement indefinitely. 
The covenants made in this Agreement or any other Basic Document shall
survive the closing of the transactions described herein and remain operative
and in full force and effect regardless of acceptance of any of the Purchased
Class C Units or the Purchased Units and payment therefor and repayment,
conversion, exercise or repurchase thereof. 
All indemnification obligations of Linn and the Purchasers pursuant to
Section 3.12, Section 4.07 and Article VII of this Agreement shall remain
operative and in full force and effect unless such obligations are expressly
terminated in a writing by the Parties referencing the particular Article or
Section, regardless of any purported general termination of this Agreement.
  Section 8.03.          No
Waiver; Modifications in Writing.
  (a)           Delay.  No failure or delay on the part of any Party
in exercising any right, power or remedy hereunder shall operate as a waiver
thereof, nor shall any single or partial exercise of any such right, power or
remedy preclude any other or further exercise thereof or the exercise of any
right, power or remedy.  The remedies
provided for herein are cumulative and are not exclusive of any remedies that
may be available to a Party at law or in equity or otherwise.
  (b)           Specific Waiver.  Except as otherwise provided in this
Agreement or the Registration Rights Agreement, no amendment, waiver, consent,
modification or termination of any provision of this Agreement or any other
Basic Document shall be effective unless signed by each of the Parties or each
of the original signatories thereto affected by such amendment, waiver,
consent, modification or termination. 
Any amendment, supplement or modification of or 

 23
 

    to any provision of this Agreement or any other Basic Document, any
waiver of any provision of this Agreement or any other Basic Document and any
consent to any departure by Linn from the terms of any provision of this
Agreement or any other Basic Document shall be effective only in the specific
instance and for the specific purpose for which made or given.  Except where notice is specifically required
by this Agreement, no notice to or demand on any Party in any case shall
entitle any Party to any other or further notice or demand in similar or other
circumstances.
  Section 8.04.          Binding
Effect; Assignment.
  (a)           Binding Effect.  This Agreement shall be binding upon Linn,
each Purchaser, and their respective successors and permitted assigns.  Except as expressly provided in this
Agreement, this Agreement shall not be construed so as to confer any right or
benefit upon any Person other than the Parties to this Agreement and as
provided in Article VII, and their respective successors and permitted assigns.
  (b)           Assignment of
Purchased Class C Units and Purchased Units.  All or any portion of a Purchaser’s Purchased
Class C Units or Purchased Units purchased pursuant to this Agreement may be
sold, assigned or pledged by such Purchaser, subject to compliance with
applicable securities Laws, Section 5.04 of this Agreement, and the
Registration Rights Agreement.
  (c)           Assignment of
Rights.  Each Purchaser may assign
all or any portion of its rights and obligations under this Agreement without
the consent of Linn (i) to any Affiliate of such Purchaser or (ii) in
connection with a total return swap or similar transaction with respect to the
Purchased Class C Units or the Purchased Units purchased by such Purchaser, and
in each case the assignee shall be deemed to be a Purchaser hereunder with
respect to such assigned rights or obligations and shall agree to be bound by
the provisions of this Agreement.  Except
as expressly permitted by this Section 8.04(c), such rights and obligations may
not otherwise be transferred except with the prior written consent of Linn
(which consent shall not be unreasonably withheld), in which case the assignee
shall be deemed to be a Purchaser hereunder with respect to such assigned
rights or obligations and shall agree to be bound by the provisions of this
Agreement.
  Section 8.05.          Aggregation
of Purchased Class C Units and Purchased Units.  All Purchased Class C Units and 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 8.06.          Confidentiality
and Non-Disclosure.  Notwithstanding
anything herein to the contrary, each Purchaser that has executed a
confidentiality agreement in favor of Linn shall continue to be bound by such
confidentiality agreement in accordance with the terms thereof until Linn
discloses on Form 8-K with the Commission the transactions contemplated hereby.
  Section 8.07.          Communications.  All notices and demands provided for
hereunder shall be in writing and shall be given by regular mail, registered or
certified mail, return receipt requested, facsimile, air courier guaranteeing
overnight delivery, electronic mail or personal delivery to the following
addresses:

 24

(a)   If to ZLP Fund, L.P.:

ZLP Fund, L.P.

Harborside Financial Center

Plaza 10, Suite 301

Jersey City, New Jersey 07311

Attention: Daniel M. Lynch

Phone: (212) 440-0741

Facsimile: (201) 716-1425

Email: lynch@zimmerlucas.com

with a copy to:

Pillsbury Winthrop Shaw
Pittman LLP

1540 Broadway

New York, New York 10036-4039

Attention: David P. Falck, Esq.

Phone: (212) 858-1000

Facsimile: (212) 858-1500

Email: david.falck@pillsburylaw.com

(b)   If to Structured Finance Americas LLC:

Structured Finance
Americas, LLC

c/o Deutsche Bank Securities Inc.

60 Wall Street, 4th Floor

New York, New York 10005

Attention: Sunil Hariani

Phone: (212) 250-6340

Facsimile: (212) 797-9358

Email: equitynotice@list.db.com

with a copy to:

Structured Finance
Americas, LLC

c/o Deutsche Bank Securities Inc.

60 Wall Street, 13th Floor

New York, New York 10005

Attention: Elia Kourtesiadou

Facsimile: (732) 578-3927

(c)   If to Royal Bank of Canada by its agent RBC
Capital Markets Corporation:

Royal Bank of Canada by
its agent RBC Capital Markets Corporation

1 Liberty Plaza, 2nd Floor

New York, New York 10006

Attention: Joe Muskatel

 25
 

 

(d)   If to Credit Suisse Management LLC:

Credit Suisse Management
LLC

1 Madison Avenue

New York, New York 10010

Attention: Jerrold Gordon

Phone: (212) 538-6320

Facsimile: (212) 538-4095

Email: jerrold.gordon@credit-suisse.com

(e)   If to GPS Partners LLC or Del Mar Onshore
Partners LP:

GPS Partners LLC

Del Mar Onshore Partners LP

c/o GPS Partners

100 Wilshire Boulevard, Suite 900

Santa Monica, California 90401

Attention: Jeff Farron

Phone: (310) 496-5365

Facsimile: (310) 496-5399

Email: farron@gpsfund.com

(f)    If to Lehman Brothers MLP Partners, L.P.:

Lehman Brothers MLP
Partners, L.P.

399 Park Avenue, 9th Floor

New York, New York 10111

(g)   If to Brahman Capital Corp., on behalf of
certain funds and accounts it manages:

Brahman Capital Corp.

655 Third Avenue, 11th Floor

New York, New York 10017

Attention: Bill D’eredita

Phone: (212) 681-9797

Facsimile: (212) 681-1134

Email: bderedita@bccny.com

and to:

Attention: Richard Grossman

Facsimile: (646) 720-0084

Email: rgrossman@bccny.com

 26
 

 

(h)   If to Citigroup Global Markets Inc.:

Citigroup Global Markets
Inc.

390 Greenwich Street

Equity Derivatives, 3rd Floor

New York, New York 10013

Attention: Patrick Borst

Phone: (212) 723-4659

Facsimile: (212) 723-8355

(i)    If to Goldman, Sachs & Co., on behalf of
its Principal Strategies Group:

Goldman Sachs Principal
Strategies Group

c/o Goldman, Sachs & Co.

1 New York Plaza, 47th Floor

New York, New York 10004

Attention: Gaurav Bhandari or Sabrina Liak

Facsimile: (212) 256-4756 or (212) 256-4869

with a copy to:

Fried, Frank, Harris,
Shriver & Jacobson LLP

One New York Plaza

New York, New York 10004

Attention: Steven J. Steinman, Esq.

Facsimile: (212) 859-4000

(j)    If to Alerian Opportunity Partners V L.P.:

Alerian Opportunity
Partners V L.P.

45 Rockefeller Plaza

New York, New York 10111

Attention: Rich Levy

(k)   If to RCH Energy MLP Fund, L.P., RCH Energy
MLP Fund A, L.P. or RCH Energy Opportunity Fund I, L.P.:

RCH Energy MLP Fund, L.P.

RCH Energy MLP Fund A, L.P.

RCH Energy Opportunity Fund I, L.P.

200 Crescent Court, Suite 1060

Dallas, Texas 75201

Attention: Robert Raymond

Phone: (214) 871-8680

Facsimile: (214) 871-8683

Email :rraymond@rchenergy.com

 27
 

 

(l)    If to Energy Income and Growth Fund or
Fiduciary/Claymore MLP Opportunity Fund:

c/o Fiduciary Asset
Management

8112 Maryland Avenue, Suite 400

St. Louis, Missouri 63105

Attention: Jim Cunnane

Facsimile: (314) 863-4360

(m)  If to Jennison Utility Fund:

Jennison Associates LLC

466 Lexington Avenue

New York, New York 10017

Attention: Shaun Hong and Ubong U. Edemeka, Managing Directors

Facsimile: (212) 682-0149

Email: shong@jennison.com;
bedemeka@jennison.com

with a copy to:

Attention: Maya Teufel,
Legal Dept.

Facsimile: (212) 682-9831

Email: mteufel@jennison.com

and:

Attention: Michael Ryan,
Client Accounting

Facsimile: (212) 949-9753

Email: mryan@jennison.com

(n)   If to Reservoir Master Fund, L.P.:

Reservoir Master Fund,
L.P.

c/o Reservoir Capital Group

650 Madison Avenue, 26th Floor

New York, New York 10022

Attention: Craig Huff / Adeel Qalbani

Phone: (212) 610-9010 / 9082

 28
 

 

(o)   If to Shaar Fund LTD:

The Shaar Fund Ltd.

c/o SS&C Fund Services, N.V.

P.O. Box 4671

Pareraweg 45

Curacao

Netherlands Antilles

Phone: +599 (9) 434-3562

Facsimile: +599 (9) 434-3560

Email: fundservices@sscinc.com; asenior@sscinc.com

with a copy to:

Cita Investments (Israel)
Ltd.

Beit Ofer Building

5 Cheftzadi Street

Jerusalem, Israel

Phone: +972 (2) 651-7850

Facsimile: +972 (2) 651-7890

Email: urisher1@netvision.net.il

with a copy to:

Meltzer, Lippe, Goldstein
and Breitstone, LLP

The Chancery

190 Willis Avenue

Mineola, New York 11501

Attention: Ira Halperin

Phone: (516) 470-0188

Facsimile: (516) 747-0653

Email: ihalperin@mlg.com

(p)   If to Arbiter Partners, L.P.:

Arbiter Partners, LP

149 Fifth Avenue, 15th Floor

New York, New York 10010

Attention: Paul J. Isaac

Phone: (212) 650-4670

Email: pisaac@cadogan.net

with a copy to:

Attention: Paul
Zwijnenburg

Phone: (212) 650-4669

Email: paulz@cadogan.net

 29
 

 

and to:

Attention: Ross Levin

Phone: (212) 650-4658

Email: rlevin@cadogan.net

(q)   If to Diaco Investments, LP:

Diaco Investments, LP

1271 Avenue of the Americas, 48th Floor

New York, New York 10020

Attention: Simon Glick

Facsimile: (212) 489-8280

Email: simonglick@glickinv.com

(r)    If to Black Diamond Offshore Ltd. or Double
Black Diamond Offshore LDC:

Black Diamond Offshore
Ltd.

Double Black Diamond Offshore LDC

2100 McKinney Avenue, Suite 1600

Dallas, Texas 75201

Attention: James Mooney

Phone: (214) 932-9600

Email: jmooney@carlsoncapital.com

and:

Attention:
Kristen Gregory

Phone: (214) 932-9642

Email: kgregory@carlsoncapital.com

(s)   If to Calm Waters Partnership:

Calm Waters Partnership

115 South 84th Street, Suite 200

Milwaukee, Wisconsin 53214

Attention: Susan A. Hollister, Esq.

Facsimile: (414) 456-9174

Email: shollister@baraboogrowth.com

 30
 

 

(t)    If to Gracie Capital, LP, Gracie Capital, LP
II, Gracie Capital Intl, Ltd, Gracie Capital Intl, Ltd II or Guggenheim
Portfolio Company XLII, LLC:

Gracie Capital, LP

Gracie Capital, LP II

Gracie Capital Intl, Ltd

Gracie Capital Intl, Ltd II

Guggenheim Portfolio Company XLII, LLC

Attention: Sam Konz

Phone: (212) 527-8204

Facsimile: (212) 308-7180

Email: konz@graciecap.com

(u)   If to Hartz Capital MLP, LLC:

Hartz Capital MLP LLC

400 Plaza Drive

Secaucus, New Jersey 07094

Attention: Noah B. Lerner

Phone: (201) 272-6004

Facsimile: (201) 866-6387

Email: noah.lerner@hartzmountain.com

(v)   If to UBS AG:

UBS AG

1285 Avenue of the Americas

New York, New York 10019

Attention: Chris Coward

(w)  If to Strome MLP Fund, LP:

Strome MLP Fund, LP

c/o Strome Group

100 Wilshire Boulevard, Suite 1750

Santa Monica, California 90401

Attention: Casey Borman

(x)    If to Howard L. Terry:

The Terry Foundation

3104 Edloe, Suite 205

Houston, Texas 77027

Attention: Edward T.
Cotham, Jr., Attorney & Authorized Agent

Telephone: (713) 552-0002, ext. 215

Facsimile: (713) 622-6352

 31
 

 

(y)    If to Tracy W. Krohn:

W&T Offshore, Inc.

Nine Greenway Plaza, Suite 300

Houston, Texas 77046

Attention: Tracy Krohn

(z)     If to Locust Wood Capital,
LP:

Locust Wood Capital, LP

c/o Locust Wood Capital Advisers, LLC

1540 Broadway, Suite 1504

New York, New York 10036

Phone: (212) 354-5404

Facsimile: (212) 354-5436

(aa)    If to Portcullis Partners,
L.P.:

4400 Post Oak Parkway,
Suite 1400

Houston, Texas 77027

Attention: Michael Morgan, President and CEO

Phone: (831) 622-0428

Facsimile: (831)622-0435

Email :mikemorgan@portcullislp.com

(bb)    If to Linn:

Linn Energy, LLC

600 Travis, Suite 6910

Houston, Texas 77002

Attention: Kolja Rockov

Facsimile: (713) 223-0880

Email: kr@linnenergy.com

with a copy to:

Vinson & Elkins
L.L.P.

2300 First City Tower

1001 Fannin Street, Suite 2300

Houston, Texas 77002

Attention: Thomas P. Mason, Esq.

Facsimile: (713) 615-5320 

Email: tmason@velaw.com

or to such other
address as Linn or such Purchaser may designate in writing.  All notices and communications shall be
deemed to have been duly given: at the time delivered by hand, if personally
delivered; upon actual receipt if sent by registered or certified mail, return
receipt requested, or regular mail, if mailed; when receipt acknowledged, if
sent via facsimile; and upon 

 32
 

actual receipt when
delivered to an air courier guaranteeing overnight delivery or via electronic
mail.

Section
8.08.          Removal of
Legend.  Linn shall remove the legend
described in Section 4.08 from the certificates evidencing the Purchased Class
C Units or the Purchased Units and the certificates evidencing the Units
issuable upon the conversion of the Purchased Class C Units at the request of a
Purchaser submitting to Linn such certificates, together with such other
documentation as may be reasonably requested by Linn or required by its
transfer agent, unless Linn, with the advice of counsel, reasonably determines
that such removal is inappropriate; provided that no opinion of counsel shall
be required in the event a Purchaser is effecting a sale of such Purchased
Class C Units or Purchased Units pursuant to Rule 144 under the Securities Act
or an effective registration statement. 
Linn shall cooperate with such Purchaser to effect removal of such
legend.  Subject to 4.6(c) and Section 5.10(f) of the Limited Liability Company
Agreement, the legend described in Section 4.08 shall be removed and Linn shall
issue a certificate without such legend to the holder of Purchased Class C Units
or Purchased Units upon which it is stamped, if, unless otherwise required by
state securities Laws, (i) such Purchased Class C Units or Purchased Units are
sold pursuant to an effective Registration Statement, (ii) in connection with a
sale, assignment or other transfer, such holder provides Linn with an opinion
of a law firm reasonably acceptable to Linn (with any law firm set forth under
Section 8.07 being deemed acceptable), in a generally acceptable form, to the
effect that such sale, assignment or transfer of such Purchased Class C Units
or Purchased Units may be made without registration under the applicable
requirements of the Securities Act, or (iii) such holder provides Linn with
reasonable assurance that such Purchased Class C Units or Purchased Units can
be sold, assigned or transferred pursuant to Rule 144 or Rule 144A under the
Securities Act.  If Linn shall fail for
any reason or for no reason to issue to the holder of such Purchased Class C
Units or Purchased Units within three trading days after the occurrence of any
of clause (i), clause (ii) or clause (iii) above a certificate without such
legend to the holder or if Linn fails to deliver unlegended Purchased Class C
Units or Purchased Units within three trading days of the Purchaser’s election
to receive such unlegended Purchased Class C Units or Purchased Units pursuant
to clause (y) below, and if on or after such trading day the holder purchases
(in an open market transaction or otherwise) Class C Units or Units to deliver
in satisfaction of a sale by the holder of such Purchased Class C Units or
Purchased Units that the holder anticipated receiving without legend from Linn
(a “Buy-In”), then Linn shall, within three Business Days after the
holder’s request and in the holder’s discretion, either (x) pay cash to the
holder in an amount equal to the holder’s total purchase price (including
brokerage commissions, if any) for the Class C Units or Units so purchased (the
“Buy-In Price”), at which point Linn’s obligation to deliver such
unlegended Purchased Class C Units or Purchased Units shall terminate, or (y)
promptly honor its obligation to deliver to the holder such unlegended
Purchased Class C Units or Purchased Units as provided above and pay cash to
the holder in an amount equal to the excess (if any) of the Buy-In Price over
the product of (A) such number of Class C Units or Units times (B) the closing
bid price on the date of exercise.

Section 8.09.          Entire
Agreement.  This Agreement and the
other Basic Documents 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 and thereto in respect of the
subject matter contained herein and therein. 
There are no restrictions, promises, warranties or undertakings, other
than those set forth or referred to herein or therein with respect 

 33
 

to the rights granted by Linn or a Purchaser
set forth herein or therein.  This
Agreement and the other Basic Documents supersede all prior agreements and
understandings between the Parties with respect to such subject matter.

Section 8.10.          Governing
Law.  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.

Section 8.11.          Execution
in 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 8.12.          Termination.

(a)           Notwithstanding
anything herein to the contrary, this Agreement may be terminated on or any
time prior to the Closing:

(i)            by
the mutual written consent of the Purchasers entitled to purchase a majority of
the Purchased Units based on their Commitment Amounts and Linn; or

(ii)           by
the written consent of the Purchasers entitled to purchase a majority of the
Purchased Units based on their Commitment Amounts or by Linn, (i) if any
representation or warranty of the other Party set forth in this Agreement shall
be untrue in any material respect when made, or (ii) upon a breach in any
material respect of any covenant or agreement on the part of the other set
forth in this Agreement (either (i) or (ii) above being a “Terminating
Breach”); provided, that each Terminating
Breach would cause the conditions to the non-terminating Party’s obligations
not to be satisfied and such Terminating Breach is not cured within 20 days
after written notice from the non-breaching Party.

(b)           Notwithstanding
anything herein to the contrary, this Agreement shall automatically terminate
on or any time prior to the Closing:

(i)            if
the Closing shall not have occurred on or before March 31, 2007;

(ii)           if
less than $250,000,000 is received by Linn from the Purchasers on the Closing
Date;

(iii)          if
the Stallion Acquisition Agreement shall have been terminated pursuant to its
terms; or

(iv)          if a Law shall have been enacted or
promulgated, or if any Action shall have been taken by any Governmental
Authority of competent jurisdiction which permanently restrains, precludes,
enjoins or otherwise prohibits the consummation of the transactions
contemplated by this Agreement or makes the transactions contemplated by this
Agreement illegal.

 34
 

 

(c)           In
the event of the termination of this Agreement as provided in Section 8.12(a)
or Section 8.12(b), this Agreement shall forthwith become null and
void.  In the event of such termination,
there shall be no liability on the part of any Party hereto, except as set
forth in Article VII of this Agreement and Section 8.12(d) of this Agreement
and except with respect to the requirement to comply with any confidentiality
agreement in favor of Linn; provided that nothing herein shall relieve any
Party from any liability or obligation with respect to any willful breach of
this Agreement.

(d)           In
the event of the termination of this Agreement as provided in Section
8.12(b)(i), and if a Purchaser is not in breach or default in any material
respect under any of the terms of this Agreement, then Linn shall pay to such
Purchaser a fee equal to $1.50 per Unit and $1.50 per Class C Unit based on
each such Purchaser’s Commitment Amount.

Section 8.13.          Expenses.  Linn hereby covenants and agrees to reimburse
Pillsbury Winthrop Shaw Pittman LLP for reasonable and documented costs and
expenses (including legal fees) incurred in connection with the negotiation,
execution, delivery and performance of the Basic Documents and the transactions
contemplated hereby and thereby, provided that such costs and expenses do not
exceed $75,000 and that any request for such expense reimbursement be
accompanied by a detailed invoice for such amount.  If any action at law or equity is necessary
to enforce or interpret the terms of the Basic Documents, the prevailing Party
shall be entitled to reasonable attorney’s fees, costs and necessary
disbursements in addition to any other relief to which such Party may be
entitled.

Section 8.14.          Recapitalization,
Exchanges, Etc. Affecting the Purchased Class C Units and the Purchased Units.  The provisions of this Agreement shall apply
to the full extent set forth herein with respect to any and all units of Linn
or any successor or assign of Linn (whether by merger, consolidation, sale of
assets or otherwise) which may be issued in respect of, in exchange for or in
substitution of, the Purchased Class C Units or the Purchased Units, and shall
be appropriately adjusted for combinations, unit splits, recapitalizations and
the like occurring after the date of this Agreement.

Section 8.15.          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
assignees) and Linn 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
the other Basic Documents 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 Linn 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 Linn 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 

 35
 

Purchasers and Linn under this
Agreement or the other Basic Documents 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.

[The remainder of this page is intentionally left
blank.]

 36

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

	
  

  	
  LINN ENERGY, LLC

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Michael C. Linn

  
	
   

  	
   

  	
  Michael C. Linn

  
	
   

  	
   

  	
  Chief Executive Officer

  

 

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

	
   

  	
  ZLP Fund, L.P.

  
	
   

  	
   

  
	
   

  	
  By: Zimmer Lucas Partners, LLC, its General Partner

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Craig M. Lucas

  	
   

  
	
   

  	
   

  
	
   

  	
  Name: Craig M. Lucas

  
	
   

  	
   

  
	
   

  	
  Title: Managing Member

  

 

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

	
  

  	
  STRUCTURED FINANCE

  
	
   

  	
  AMERICAS LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Jill H. Pathjen

  	
   

  
	
   

  	
   

  
	
   

  	
  Name:

  	
  Jill H. Pathjen

  	
   

  
	
   

  	
   

  
	
   

  	
  Title:

  	
  Vice President

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Richard Kennedy

  	
   

  
	
   

  	
   

  
	
   

  	
  Name:

  	
  Richard Kennedy

  	
   

  
	
   

  	
   

  
	
   

  	
  Title:

  	
  President

  	
   

  
								

 

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

	
  

  	
  ROYAL BANK OF CANADA

  
	
   

  	
   

  
	
   

  	
  By: RBC CAPITAL MARKETS

  
	
   

  	
  CORPORATION, its
  agent

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Josef Muskatel

  
	
   

  	
  Name: Josef
  Muskatel

  
	
   

  	
  Title: Director
  and Senior Counsel

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Stephen Milke

  
	
   

  	
  Name: Steven
  Milke

  
	
   

  	
  Title: Managing
  Director

  

 

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

	
  

  	
  Credit Suisse Management LLC

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Credit Suisse Management LLC

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
					

 

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

	
   

  	
  GPS Partners LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Brett Messing

  
	
   

  	
   

  	
   

  
	
   

  	
  Name:

  	
  Brett Messing

  
	
   

  	
   

  	
   

  
	
   

  	
  Title:

  	
  Managing Partner

  
					

 

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

	
   

  	
  By: Del Mar Master Fund LTD.

  
	
   

  	
   

  
	
   

  	
  /s/ Marc Simons

  
	
   

  	
   

  
	
   

  	
  Name:

  	
  Marc Simons

  
	
   

  	
   

  
	
   

  	
  Title:

  	
  Director

  
				

 

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

	
  

  	
  LEHMAN BROTHERS MLP

  PARTNERS, L.P.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Michael J. Cannon

  
	
   

  	
  Name: Michael J.
  Cannon

  
	
   

  	
  Title: Managing Director

  
	
   

  	
   

  
	
   

  	
  Lehman Brothers
  MLP Partners, L.P.

  
	
   

  	
  399 Park Ave.
  9th Floor

  
	
   

  	
  New York, NY
  10022

  

 

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

	
   

  	
  Brahman Capital Corporation

  on behalf of certain funds and

  accounts it manages

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ (illegible)

  
	
   

  	
   

  
	
   

  	
  Name:

  	
  Brahman Capital Corp., on behalf of 

  
	
   

  	
  certain funds
  and accounts it manages

  
	
   

  	
  Title:

  	
  President

  
					

 

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

	
  

  	
  Citigroup Global Markets Inc.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Daniel P. Breen

  
	
   

  	
   

  
	
   

  	
  Name:

  	
  Daniel P. Breen

  
	
   

  	
   

  
	
   

  	
  Title:

  	
  Managing Director

  
					

 

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

	
  

  	
  GOLDMAN SACHS & CO., on behalf of its Principal
  Strategies Group

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Gaurav Bhandari

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Gaurav Bhandari

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Title:

  	
  Managing Director

  
					

 

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

 

	
  

  	
  Alerian Opportunity Partners V L.P.

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Richard Levy

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Richard Levy

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Title:

  	
  CFO Alerian Capital Management

  
					

 

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

 

	
  

  	
  RCH Energy MLP Fund, L.P.

  
	
   

  	
   

  	
  By: RCH Energy MLP Fund GP, L.P.

  
	
   

  	
   

  	
  Its General Partner

  
	
   

  	
   

  	
    By: RR Advisors, LLC

  
	
   

  	
   

  	
    Its General Partner

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   /s/ Robert Raymond

  
	
   

  	
  Name:

  	
   Robert Raymond

  
	
   

  	
  Title:

  	
   Member

  
				

 

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

 

	
  

  	
  RCH Energy MLP Fund A, L.P.

  
	
   

  	
   

  	
  By: RCH Energy MLP Fund GP, L.P.

  
	
   

  	
   

  	
  Its General Partner

  
	
   

  	
   

  	
    By: RR Advisors, LLC

  
	
   

  	
   

  	
    Its General Partner

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   /s/ Robert Raymond

  	
   

  
	
   

  	
  Name:

  	
   Robert Raymond

  
	
   

  	
  Title:

  	
   Member

  
						

 

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

 

	
  

  	
  RCH Energy Opportunity Fund I, L.P.

  
	
   

  	
   

  	
  By: RCH Energy Opportunity Fund I GP, L.P.

  
	
   

  	
   

  	
  Its General Partner

  
	
   

  	
   

  	
    By: RR Advisors, LLC

  
	
   

  	
   

  	
    Its General Partner

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   /s/ Robert Raymond

  	
   

  
	
   

  	
  Name:

  	
   Robert Raymond

  
	
   

  	
  Title:

  	
   Member

  
						

 

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

 

	
  

  	
  ENERGY INCOME AND GROWTH FUND

  
	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ James Bowen

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Name : James Bowen

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Title: President

  
					

 

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

 

	
  

  	
  Fiduciary/Claymore MLP Opportunity Fund

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ James J. Cunnane, Jr.

  
	
   

  	
   

  	
  Name :

  	
  James J. Cunnane, Jr.

  
	
   

  	
   

  	
  Title:

  	
  Vice President

  
					

 

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

 

	
  

  	
  JENNISON UTILITY FUND

  
	
   

  	
   

  
	
   

  	
  By Jennison Associates LLC, as investment

  
	
   

  	
  adviser

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Ubong U. Edemeka

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Name: Ubong U. Edemeka

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Title: Managing Director

  	
   

  

 

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

 

	
  

  	
  By: Reservoir Master Fund, L.P.

  
	
   

  	
   

  
	
   

  	
  By: RMF GP, LLC, its general

  
	
   

  	
  partner

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Craig Huff

  
	
   

  	
   

  
	
   

  	
  Name : Craig Huff

  
	
   

  	
   

  
	
   

  	
  Title: President

  

 

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

	
  

  	
   

  	
  The Sharr Fund LTD

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ (illegible)

  	
   

  
	
   

  	
   

  	
  Name:

  	
  (illegible)

  	
   

  
	
   

  	
   

  	
  Title:

  	
  Director

  	
   

  

 

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

	
  

  	
   

  	
  Arbiter Partners, L.P.

  
	
   

  	
   

  	
  Broken Clock Management,

  
	
   

  	
   

  	
  General Partner,

  
	
   

  	
   

  	
  Arbiter Partners, L.P.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Paul Isaac.

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Paul J. Isaac

  	
   

  	
   

  
	
   

  	
   

  	
  Title:

  	
  Managing Member,

  	
   

  
							

 

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

	
  

  	
   

  	
  Diaco Investments, LP

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Simon Glick

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Simon Glick

  	
   

  
	
   

  	
   

  	
  Title:

  	
  GP Siget LLC

  	
   

  
						

 

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

	
  

  	
   

  	
  Black Diamond Offshore Ltd.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  Carlson Capital, L.P. its investment advisor

  
	
   

  	
   

  	
  By:

  	
  Asgard Investment Corp, its general partner

  
	
   

  	
   

  	
  By:

  	
  /s/ Clint D. Carlson

  	
   

  
	
   

  	
   

  	
   

  	
  Name:

  	
  Clint D. Carlson

  
	
   

  	
   

  	
   

  	
  Title:

  	
  President

  
						

 

 

 

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

 

	
  

  	
   

  	
  Double Black Diamond Offshore Ltd.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  Carlson Capital, L.P. its investment advisor

  
	
   

  	
   

  	
  By:

  	
  Asgard Investment Corp, its general partner

  
	
   

  	
   

  	
  By:

  	
  /s/ Clint D. Carlson

  	
   

  
	
   

  	
   

  	
   

  	
  Name:

  	
  Clint D. Carlson

  
	
   

  	
   

  	
   

  	
  Title:

  	
  President

  
						

 

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

	
  

  	
   

  	
  Calm Waters Partnership

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Richard S. Strong

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Richard S. Strong

  	
   

  
	
   

  	
   

  	
  Title:

  	
  Managing Partner

  	
   

  	
   

  
							

 

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

	
  

  	
   

  	
  Gracie Capital, LP

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Greg Pearson

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Greg Pearson

  	
   

  
	
   

  	
   

  	
  Title:

  	
  CFO

  	
   

  	
   

  
							

 

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

	
  

  	
   

  	
  Gracie Capital, LP II

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Greg Pearson

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Greg Pearson

  	
   

  
	
   

  	
   

  	
  Title:

  	
  CFO

  	
   

  
							

 

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

	
  

  	
   

  	
  Gracie Capital, Intl, Ltd

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Greg Pearson

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Greg Pearson

  	
   

  
	
   

  	
   

  	
  Title:

  	
  CFO

  	
   

  
							

 

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

	
  

  	
   

  	
  Gracie Capital, Intl, Ltd II

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   /s/ Greg Pearson

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Greg Pearson

  	
   

  
	
   

  	
   

  	
  Title:

  	
  CFO

  	
   

  
							

 

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

	
  

  	
  Guggenheim Portfolio Company XLII, LLC

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Greg Pearson

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Name: 

  	
  Greg Pearson

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Title:

  	
  CFO

  
					

 

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

	
  

  	
  Hartz Capital MLP, LLC

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  Hartz Trading Inc.,

  
	
   

  	
   

  	
  Its Manager

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Ronald J. Bangs

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
     Name:

  	
  Ronald J. Bangs

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
     Title:

  	
  Vice President

  
					

 

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

	
  

  	
  UBS AG

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Chris Coward

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Chris Coward

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Title:

  	
  Director

  
					

 

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

	
  

  	
  Strome MLP Fund, LP

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Michael Achterberg

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Michael Achterberg

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Title:

  	
  CFO of the General Partner

  
	
   

  	
   

  	
  Strome Investment Management, LP

  
					

 

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

 

	
  

  	
  By:

  	
  /s/ Howard L. Terry

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Name: 

  	
  Howard L. Terry

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Title:

  	
    Individually

  
					

 

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

	
  

  	
  By:

  	
  /s/ Tracy W. Krohn

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Name: 

  	
  Tracy W. Krohn

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Title:

  	
   

  
					

 

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

	
  

  	
  Locust Wood Capital, LP

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Stephen J. Errico

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Stephen J. Errico

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Title:

  	
  Managing Member

  
					

 

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

	
  

  	
  Portcullis Partners, L.P.

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Michael C. Morgan

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Michael C. Morgan

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Title:

  	
  President, Portcullis Partners, L.P

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00116-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00116-of-00352.parquet"}]]