Document:

nlst_Ex_10-3

		
			Exhibit 10.3
		

		
			 
		

		
			 
		

		
			NEITHER THIS SECURITY NOR THE SECURITIES FOR WHICH THIS SECURITY IS EXERCISABLE HAVE BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR IN FORM AND SUBSTANCE SATISFACTORY TO THE ISSUER, SUCH OFFER, SALE, PLEDGE OR OTHER TRANSFER IS EXEMPT FROM SUCH REGISTRATION.
		

		
			 
		

		
			NETLIST, INC.
		

		
			 
		

		
			STOCK PURCHASE WARRANT
		

		
			 
		

			
					
						 

					
					
						 

				
	
					
						Date of Issuance:  July 18, 2013

					
					
						Certificate No. W-2

				

		
			 
		

		
			FOR VALUE RECEIVED, Netlist, Inc., a Delaware corporation (the “Company”), hereby grants to Drawbridge Special Opportunities Fund LP, a Delaware limited partnership or its registered assigns (the “Registered Holder”) the right (this “Warrant”) to purchase from the Company 1,648,351 shares of Warrant Stock at a price per share of $1.00 (as adjusted from time to time hereunder, the “Exercise Price”).  Certain capitalized terms used herein are defined in Section 5.  The amount and kind of securities obtainable pursuant to the rights granted hereunder and the purchase price for such securities are subject to adjustment pursuant to the provisions contained in this Warrant.
		

		
			 
		

		
			This Warrant is subject to the following provisions:
		

		
			 
		

		
			Section 1.         Exercise of Warrant.
		

		
			 
		

		
			1A.      Exercise Period.  The Registered Holder may exercise, in whole or in part (but not as to a fractional share of Warrant Stock), the purchase rights represented by this Warrant at any time and from time to time after the Date of Issuance to and including the seventh (7th) anniversary thereof (the “Exercise Period”).  
		

		
			 
		

		
			1B.       Exercise Procedure.
		

		
			 
		

			
	
			
				 (i)
			This Warrant shall be deemed to have been exercised (in whole or in part) when the Company has received all of the following items (as the case may be from time to time, the “Exercise Time”):

		
			 
		

		
			 
		

		 

 

			
	
			
				 (a)
			a completed Exercise Agreement, as described in Section 1C, executed by the Person exercising all or part of the purchase rights represented by this Warrant (the “Purchaser”);

		
			 
		

			
	
			
				 (b)
			this Warrant (delivery of which shall be subject to the Company’s obligations with respect to delivery of a new Warrant as provided in Section 1B(iii));

		
			 
		

			
	
			
				 (c)
			if this Warrant is not registered in the name of the Purchaser, an Assignment or Assignments in the form of Exhibit A attached hereto (each, an “Assignment”) evidencing the assignment of this Warrant to the Purchaser, in which case the Registered Holder shall have complied with the provisions set forth in Section 7; and

		
			 
		

			
	
			
				 (d)
			wire transfer of immediately available funds or a check payable to the Company in an amount equal to the product of the Exercise Price multiplied by the number of shares of Warrant Stock being purchased upon such exercise (the “Aggregate Exercise Price”).

		
			 
		

			
	
			
				 (ii)
			As an alternative to the exercise of this Warrant as provided in Section 1B(i), the holder of this Warrant may exchange all or part of the purchase rights represented by this Warrant by surrendering this Warrant to the Company, together with a written notice to the Company that the holder is exchanging the Warrant (or a portion thereof) for an aggregate number of shares of Warrant Stock specified in the notice, from which the Company shall withhold and not issue to the holder a number of shares of Warrant Stock with an aggregate Market Price equal to the Aggregate Exercise Price of the number of shares of Warrant Stock specified in such notice (and such withheld shares shall no longer be issuable under this Warrant).

		
			 
		

			
	
			
				 (iii)
			The Company shall cause the Transfer Agent to deliver to the Purchaser, within five (5) Business Days after the date of each Exercise Time, certificates for shares of Warrant Stock purchased upon exercise of this Warrant; provided, that no failure or delay in such delivery shall affect the issuance of any Warrant Stock as provided in Section 1B(iv).  Unless this Warrant has expired or all of the purchase rights represented hereby have been exercised, the Company shall prepare a new Warrant, substantially identical hereto, representing the rights formerly represented by this Warrant which have not expired or been exercised and shall, within such five (5) Business Day period, deliver such new Warrant to the Person designated for delivery in the Exercise Agreement.

		
			 
		

			
	
			
				 (iv)
			The Warrant Stock issuable upon the exercise of this Warrant shall be deemed to have been issued to the Purchaser at the Exercise Time, and the Purchaser shall be deemed for all purposes to have become the record holder of such Warrant Stock at the Exercise Time.

		
			 
		

			
	
			
				 (v)
			The issuance of certificates for shares of Warrant Stock upon exercise of this Warrant shall be made without charge to the Registered Holder or the Purchaser for any issuance tax in respect thereof or other cost incurred by the Company in connection with such exercise and the related issuance of shares of Warrant Stock.  Each share of Warrant Stock
		

		 

		

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			issuable upon exercise of this Warrant shall, upon payment of the Exercise Price therefor, be fully paid and nonassessable and free from all liens and charges with respect to the issuance thereof.
		

		
			 
		

			
	
			
				 (vi)
			The Company shall not close its books against the transfer of this Warrant or of any share of Warrant Stock issued or issuable upon the exercise of this Warrant in any manner which interferes with the timely exercise of this Warrant.  The Company shall from time to time take all such action as may be necessary to assure that the par value per share of the unissued Warrant Stock acquirable upon exercise of this Warrant is at all times equal to or less than the Exercise Price then in effect.

		
			 
		

			
	
			
				 (vii)
			The Company shall assist and cooperate with any Registered Holder or Purchaser required to make any filings with, or obtain any approvals of, any Governmental Authority prior to or in connection with any exercise of this Warrant (including making any filings required to be made by the Company).

		
			 
		

			
	
			
				 (viii)
			Notwithstanding any other provision hereof, if an exercise of any portion of this Warrant is to be made in connection with a registered public offering or the sale of the Company, the exercise of any portion of this Warrant may, at the election of the holder hereof, be conditioned upon the consummation of the public offering or the sale of the Company in which case such exercise shall not be deemed to be effective until the consummation of such transaction.

		
			 
		

			
	
			
				 (ix)
			The Company shall at all times reserve and keep available out of its authorized but unissued shares of Warrant Stock solely for the purpose of issuance upon the exercise of the Warrants, such number of shares of Warrant Stock issuable upon the exercise of all outstanding Warrants.  The Company shall take all such actions as may be necessary to assure that all such shares of Warrant Stock may be so issued without violation by the Company of any applicable law or governmental regulation or any requirements of the Financial Industry Regulatory Authority (FINRA), the National Association of Securities Dealers Automated Quotation (“NASDAQ”) or any domestic securities exchange upon which shares of Warrant Stock may be listed (except for official notice of issuance which shall be immediately delivered by the Company upon each such issuance).  The Company shall not take any action which would cause the number of authorized but unissued shares of Warrant Stock to be less than the number of such shares required to be reserved hereunder for issuance upon exercise of the Warrants.

		
			 
		

			
	
			
				 (x)
			The Company shall not take any action which would materially conflict with or frustrate the purpose of this Warrant or any adjustment or exercise thereof, including that the Company shall not adopt any rights plan or similar agreement unless the potential adverse effects of any such plan or agreement expressly exclude the Registered Holder, any Purchaser, their respective Affiliates and their respective ownership (beneficial or of record) of any securities acquirable pursuant to this Warrant.

		
			 
		

		
			1C.       Exercise Agreement.   Upon any exercise of this Warrant, the Exercise Agreement shall be substantially in the form of Exhibit B attached hereto, except that if any shares of Warrant Stock are not to be issued in the name of the Person in whose name this
		

		 

		

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			Warrant is registered, the Exercise Agreement shall also state the name of the Person to whom the certificates for such shares of Warrant Stock are to be issued, and if the number of shares of Warrant Stock to be issued does not include all the shares of Warrant Stock purchasable hereunder, it shall also state the name of the Person(s) to whom a new Warrant(s) for the unexercised portion of the rights hereunder is to be delivered.  Such Exercise Agreement shall be dated the actual date of execution thereof.
		

		
			 
		

		
			1D.       Fractional Shares.  If a fractional share of Warrant Stock would, but for the provisions of Section 1A, be issuable upon exercise of the rights represented by this Warrant, the Company shall, within five (5) Business Days after the date of the Exercise Time, deliver to the Purchaser a check payable to the Purchaser in lieu of such fractional share in an amount equal to the difference between the Market Price of such fractional share as of the date of the Exercise Time and the Exercise Price of such fractional share.
		

		
			 
		

		
			Section 2.         Adjustment of Exercise Price and Number of Shares.  The Exercise Price shall be subject to adjustment from time to time as provided in this Section 2, and the number of shares of Warrant Stock obtainable upon exercise of this Warrant shall be subject to adjustment from time to time as provided in this Section 2.  
		

		
			 
		

		
			2A.       Subdivision or Combination of Common Stock.  If the Company at any time subdivides (by any stock split, stock dividend, recapitalization or otherwise) one or more classes of its outstanding shares of Common Stock into a greater number of shares, the Exercise Price in effect immediately prior to such subdivision shall be proportionately reduced and the number of shares of Warrant Stock obtainable upon exercise of this Warrant shall be proportionately increased.  If the Company at any time combines (by reverse stock split or otherwise) one or more classes of its outstanding shares of Common Stock into a smaller number of shares, the Exercise Price in effect immediately prior to such combination shall be proportionately increased and the number of shares of Warrant Stock obtainable upon exercise of this Warrant shall be proportionately decreased. 
		

		
			 
		

		
			2B.       Reorganization, Reclassification, Consolidation, Merger or Sale.  Any recapitalization, reorganization, reclassification, consolidation, merger, sale of all or substantially all of the Company’s assets or other transaction, which in each case is effected in such a way that the holders of Common Stock are entitled to receive (either directly or upon subsequent liquidation) stock, securities or assets (including cash) with respect to or in exchange for Common Stock is referred to herein as “Organic Change.”  Prior to the consummation of any Organic Change, the Company shall make appropriate provision (in form and substance satisfactory to the Registered Holders of Warrants representing a majority of the shares of Warrant Stock obtainable upon exercise of such Warrants (the “Majority Holders”) to insure that each of the Registered Holders of the Warrants shall thereafter have the right to acquire and receive, in lieu of or addition to (as the case may be) the shares of Warrant Stock immediately theretofore acquirable and receivable upon the exercise of such holder’s Warrant, such shares of stock, securities or assets (including cash) as would have been issued or payable in such Organic Change (if the holder had exercised this Warrant immediately prior to such Organic Change) with respect to or in exchange for the number of shares of Warrant Stock immediately theretofore acquirable and receivable upon exercise of such holder’s Warrant had such Organic Change not
		

		 

		

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			taken place, including that if the holders of Common Stock are given any choice as to the securities or assets (including cash) to be received in such Organic Change, then the Registered Holders shall be given the same choice in respect thereof.  Notwithstanding anything to the contrary, in the event of an Organic Change involving a Person whose common stock is not traded on a national securities exchange (a “Non-Listed Company”) in which all outstanding shares of Common Stock as of immediately prior to the Organic Change are converted into or exchanged or tendered for stock, securities or assets (other than cash) or the right to receive stock, securities or assets (other than cash) of such Non-Listed Company, the Company (or as applicable, the successor entity) and the purchaser entity shall, at the Registered Holder’s election, exercisable at any time prior to, concurrently with, or within 30 days after, the consummation of such Organic Change, purchase this Warrant (or any stock, securities or assets into which this Warrant or the Warrant Stock underlying this Warrant may have been converted or exchanged or for which any of them may have been tendered in such Organic Change) from the Registered Holder by paying to the Holder cash, in immediately available funds payable upon the consummation of such Organic Change (or within 10 days following notice of such election by the Registered Holder in the case of an election delivered after such consummation), in an amount equal to the value thereof reflected by the terms of such Organic Change.  In the case of any Organic Change, the Company shall make appropriate provision (in form and substance satisfactory to the Majority Holders) with respect to such holders’ rights and interests to insure that the provisions of this Section 2 and Sections 2D and 4 shall thereafter be applicable to the Warrants (including, in the case of any such Organic Change in which the successor entity or purchasing entity is other than the Company, an immediate adjustment of the Exercise Price to the value for the Common Stock reflected by the terms of such Organic Change and a corresponding immediate adjustment in the number of shares of Warrant Stock acquirable and receivable upon exercise of the Warrants, if the value so reflected is less than the Exercise Price in effect immediately prior to such Organic Change).  The Company shall not effect any Organic Change unless prior to the consummation thereof, the successor entity (if other than the Company) and the purchasing entity assume by written instrument (in form and substance satisfactory to the Majority Holders), the obligation to deliver to each such holder such shares of stock, securities or assets (including cash) as, in accordance with the foregoing provisions, such holder may be entitled to acquire. 
		

		
			 
		

		
			2C.       Notices.
		

		
			 
		

			
	
			
				 (i)
			Promptly upon any adjustment of the Exercise Price, the Company shall give written notice thereof to the Registered Holder, setting forth in reasonable detail and certifying the calculation of such adjustment.

		
			 
		

			
	
			
				 (ii)
			The Company shall give written notice to the Registered Holder at least twenty (20) days prior to the date on which the Company closes its books or takes a record (A) with respect to any dividend or distribution upon the Common Stock, (B) with respect to any pro rata subscription offer to holders of Common Stock or (C) for determining rights to vote with respect to any Organic Change, dissolution or liquidation.

		

		

		 

		

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				 (iii)
			The Company shall also give written notice to the Registered Holders at least twenty (20) days prior to the date on which any Organic Change, dissolution or liquidation shall take place.

		
			 
		

		
			2D.       Pro Rata Distributions.  During such time as this Warrant is outstanding, if the Company shall declare or make any dividend or other distribution of its assets (or rights to acquire its assets) to holders of shares of Common Stock, by way of return of capital or otherwise (including any distribution of cash, stock or other securities, property or options by way of a dividend, spin off, reclassification, corporate rearrangement, scheme of arrangement or other similar transaction) (a “Distribution”), at any time after the issuance of this Warrant, then, in each such case, the Holder shall be entitled to participate in such Distribution to the same extent that the Registered Holder would have participated therein if the Registered Holder had held the number of shares of Common Stock acquirable upon complete exercise of this Warrant (without regard to any limitations on exercise hereof) immediately before the date of which a record is taken for such Distribution, or, if no such record is taken, the date as of which the record holders of shares of Common Stock are to be determined for the participation in such Distribution. 
		

		
			 
		

		
			Section 3.         Liquidating Dividends.  If the Company declares or pays a dividend upon the Common Stock payable otherwise than in cash out of earnings or earned surplus (determined in accordance with generally accepted accounting principles, consistently applied) except for a stock dividend payable in shares of Common Stock (a “Liquidating Dividend”), then the Company shall pay to the Registered Holder of this Warrant at the time of payment thereof the Liquidating Dividend which would have been paid to such Registered Holder on the Warrant Stock had this Warrant been fully exercised immediately prior to the date on which a record is taken for such Liquidating Dividend, or, if no record is taken, the date as of which the record holders of Common Stock entitled to such dividends are to be determined.
		

		
			 
		

		
			Section 4.         Purchase Rights.  If at any time the Company grants, issues or sells any Options, Convertible Securities or rights to purchase stock, warrants, securities or other property pro rata to the record holders of any class of Common Stock (the “Purchase Rights”), then the Registered holder of this Warrant shall be entitled to acquire, upon the terms applicable to such Purchase Rights, the aggregate Purchase Rights which such holder could have acquired if such holder had held the number of shares of Warrant Stock acquirable upon complete exercise of this Warrant immediately before the date on which a record is taken for the grant, issuance or sale of such Purchase Rights, or, if no such record is taken, the date as of which the record holders of Common Stock are to be determined for the grant, issue or sale of such Purchase Rights.
		

		
			 
		

		
			Section 5.         Definitions.  The following terms have meanings set forth below:
		

		
			 
		

		
			“Affiliate” means, with respect to any Person, each other Person that owns or controls directly or indirectly the Person, any Person that controls or is controlled by or is under common control with the Person, and each of that Person’s senior executive officers, directors, partners and, for any Person that is a limited liability company, that Person’s managers and members.
		

		

		

		 

		

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			“Business Day” means any day that is not a Saturday, Sunday or a day on which banks located in the State of New York are authorized or obligated to close.
		

		
			 
		

		
			“Common Stock” means, collectively, the Company’s Common Stock and any capital stock of any class of the Company hereafter authorized which is not limited to a fixed sum or percentage of par or stated value in respect to the rights of the holders thereof to participate in dividends or in the distribution of assets upon any liquidation, dissolution or winding up of the Company.
		

		
			 
		

		
			“Convertible Securities” means any stock or securities (directly or indirectly) convertible into or exchangeable for Common Stock.
		

		
			 
		

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

		
			 
		

		
			“Governmental Authority” means any nation or government, any state or other political subdivision thereof, any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative functions of or pertaining to government, any securities exchange and any self-regulatory organization.
		

		
			 
		

		
			“Loan Agreement” means that certain Loan and Security Agreement, dated as of date hereof, by and between DBD Credit Funding LLC, a Delaware limited liability company and the Company (as amended, restated supplemented, or otherwise modified from time to time).
		

		
			 
		

		
			“Market Price” means as to any security the volume weighted average (rounded to the nearest cent) of the closing prices of such security’s sales on all domestic securities exchanges on which such security may at the time be listed, or, if there have been no sales on any such exchange on any day, the volume weighted average of the highest bid and lowest asked prices on all such exchanges at the end of such day, or, if on any day such security is not so listed, the volume weighted average of the highest bid and lowest asked prices on such day in the domestic over-the-counter market as reported by Pink OTC Markets, Inc., or any similar successor organization, in each such case averaged over a period of ten (10) days consisting of the day as of which “Market Price” is being determined and the nine (9) consecutive Business Days prior to such day; provided that if such security is listed on any domestic securities exchange or quoted in a domestic over-the-counter market the term “Business Days” as used in this sentence means Business Days on which such exchange is open for trading.  If at any time such security is not listed on any domestic securities exchange or quoted in the domestic over-the-counter market, the “Market Price” shall be the fair value thereof determined jointly by the Company and the Majority Holders (without applying any marketability, minority or other discounts);  provided that if such parties are unable to reach agreement within a reasonable period of time, such fair value shall be determined (without applying any marketability, minority or other discounts) by an appraiser jointly selected by the Company and the Majority Holders.  The determination of such appraiser shall be final and binding on the Company and the Registered Holders of the Warrants, and the fees and expenses of such appraiser shall be paid by the Company.
		

		 

		

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			“Options” means any rights or options to subscribe for or purchase Common Stock or Convertible Securities.
		

		
			 
		

		
			“Person” means any individual, sole proprietorship, partnership, limited liability company, joint venture, company, trust, unincorporated organization, association, corporation, institution, public benefit corporation, firm, joint stock company, estate, entity or government agency.
		

		
			 
		

		
			“Subsidiary” means, as to any Person, a corporation, partnership, limited liability company or other entity of which shares of stock or other ownership interests having ordinary voting power (other than stock or such other ownership interests having such power only by reason of the happening of a contingency) to elect a majority of the board of directors or other managers of such corporation, partnership or other entity are at the time owned, or the management of which is otherwise controlled, directly or indirectly through one or more intermediaries, or both, by such Person.
		

		
			 
		

		
			“Transfer Agent” means Computershare Trust Company, N.A., the current transfer agent of the Company, with a mailing address of 330 N. Brand Blvd., Ste. 701, Glendale, CA 91203-2149 and a facsimile number of, and any successor transfer agent of the Company.
		

		
			 
		

		
			“Warrant Stock” means the Company’s Common Stock, par value $0.001 per share; provided that if there is a change such that the securities issuable upon exercise of the Warrants are issued by an entity other than the Company or there is a change in the type or class of securities so issuable, then the term “Warrant Stock” shall mean one share of the security issuable upon exercise of the Warrants if such security is issuable in shares, or shall mean the smallest unit in which such security is issuable if such security is not issuable in shares.
		

		
			 
		

		
			Section 6.         No Voting Rights; Limitations of Liability.  This Warrant shall not entitle the holder hereof to any voting rights or other rights as a stockholder of the Company.  No provision hereof, in the absence of affirmative action by the Registered Holder to purchase Warrant Stock, and no enumeration herein of the rights or privileges of the Registered Holder shall give rise to any liability of such holder for the Exercise Price of Warrant Stock acquirable by exercise hereof or as a stockholder of the Company.
		

		
			 
		

		
			Section 7.         Warrant Transferable.  Subject to compliance with applicable securities laws and the transfer conditions referred to in the legend endorsed hereon, this Warrant and all rights hereunder are transferable, in whole or in part, without charge to the Registered Holder, upon surrender of this Warrant with a properly executed Assignment (in the form of Exhibit A attached hereto) at the principal office of the Company.
		

		
			 
		

		
			Section 8.         Warrant Exchangeable for Different Denominations.  This Warrant is exchangeable, upon the surrender hereof by the Registered Holder at the principal office of the Company, for new Warrants of like tenor representing in the aggregate the purchase rights hereunder, and each of such new Warrants shall represent such portion of such rights as is designated by the Registered Holder at the time of such surrender.  The date the Company initially issues this Warrant shall be deemed to be the “Date of Issuance” hereof regardless of the
		

		 

		

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			number of times new certificates representing the unexpired and unexercised rights formerly represented by this Warrant shall be issued.  All Warrants representing portions of the rights hereunder are referred to herein as the “Warrants.”
		

		
			 
		

		
			Section 9.        [RESERVED].
		

		
			 
		

		
			Section 10.      Replacement.  Upon receipt of evidence reasonably satisfactory to the Company (an affidavit of the Registered Holder shall be satisfactory) of the ownership and the loss, theft, destruction or mutilation of any certificate evidencing this Warrant, and in the case of any such loss, theft or destruction, upon receipt of indemnity reasonably satisfactory to the Company, or, in the case of any such mutilation upon surrender of such certificate, the Company shall (at its expense) execute and deliver in lieu of such certificate a new certificate of like kind representing the same rights represented by such lost, stolen, destroyed or mutilated certificate and dated the date of such lost, stolen, destroyed or mutilated certificate.
		

		
			 
		

		
			Section 11.       Notices.  Except as otherwise expressly provided herein, all notices, demands or other communications referred to in this Warrant shall be in writing and shall be deemed to have been given (i) when delivered personally to the recipient, (ii) when sent to the recipient by confirmed electronic mail or facsimile if delivered prior to 5:00 p.m. local time of the recipient on a Business Day or otherwise on the next Business Day, (iii) one business day after it is sent to the recipient by reputable overnight courier service (charges prepaid) or (iv) three Business Days after it is mailed to the recipient by first class mail, return receipt requested, and shall be addressed (a) to the Company, at its principal executive offices and (b) to the Registered Holder of this Warrant, to Drawbridge Special Opportunities Fund LP, 1345 Avenue of the Americas, 46th Floor, New York, New York 10105, Attention: James K. Noble, III - General Counsel, Telephone: (212) 798-6100, Telecopier: (646) 224-8716, Email: dbsoloanops@fortress.com, with a copy (which shall not constitute notice) to Kirkland & Ellis LLP, 333 South Hope Street, Los Angeles, California 90071, Attention: Hamed Meshki, Telephone: (213) 680-8360, Telecopier: (213) 808-8145, Email: hamed.meshki@kirkland.com.
		

		
			 
		

		
			Section 12.       Investment Representations. By accepting this Warrant from the Company, Drawbridge Special Opportunities Fund LP represents and warrants to the Company that it (a) is an “accredited investor” as such term is defined in Regulation D promulgated under the Securities Act of 1933, as amended (the “Act”), (b) it is acquiring this Warrant with the present intention of holding this Warrant for purposes of investment and not with a view to the public resale or distribution within the meaning of the Act, and (c) understands that this Warrant and the securities issuable upon exercise hereof have not been registered under the Act in reliance upon a specific exemption therefrom, which exemption depends upon, among other things, the bona fide nature of Drawbridge Special Opportunities Fund LP’s investment intent as expressed herein.
		

		
			 
		

		
			Section 13.       Amendment and Waiver.  Except as otherwise provided herein, the provisions of the Warrants may be amended and the Company may take any action herein prohibited, or omit to perform any act herein required to be performed by it, only if the Company has obtained the written consent of the Majority Holders.
		

		 

		

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			Section 14.       Descriptive Headings; Governing Law.  The descriptive headings of the several Sections and paragraphs of this Warrant are inserted for convenience only and do not constitute a part of this Warrant.  The corporation laws of the State of New York shall govern all issues concerning the relative rights of the Company and its stockholders.  All other questions concerning the construction, validity, enforcement and interpretation of this Warrant shall be governed by the internal law of the State of New York, without giving effect to any choice of law or conflict of law provision or rule (whether of the State of New York or any other jurisdictions) that would cause the application of the laws of any jurisdictions other than the State of New York.
		

		
			 
		

		
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			IN WITNESS WHEREOF, the Company has caused this Warrant to be signed and attested by its duly authorized officers and to be dated the Date of Issuance hereof.
		

		
			 
		

			
					
						 

					
					
						NETLIST, INC.

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						By: 

					
					
						/s/ Gail Sasaki

				
	
					
						 

					
					
						Name:

					
					
						Gail Sasaki

				
	
					
						 

					
					
						Title: 

					
					
						CFO

				

		
			 
		

		
			 
		

		
			 
		

		

		

		 

		

			[Signature Page - Netlist Warrant]

		

 

		 
		

		
			EXHIBIT A
		

		
			 
		

		
			ASSIGNMENT
		

		
			 
		

		
			FOR VALUE RECEIVED, _________________________________ hereby sells, assigns and transfers all of the rights of the undersigned under the attached Warrant (Certificate No. W-_____) with respect to the number of shares of the Warrant Stock covered thereby set forth below, unto:
		

		
			 
		

			
					
						Names of Assignee

					
					
						 

					
					
						Address

					
					
						 

					
					
						No. of Shares

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				

		
			 
		

		
			 
		

			
					
						 

					
					
						[Assignor]

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						 

				
	
					
						 

					
					
						Name:

					
					
						 

				
	
					
						 

					
					
						Title:

					
					
						 

				

		
			 
		

		
			 
		

		
			 
		

		

		

		 

		

			 

		

 

		

			 

		

		EXHIBIT B
		

		
			 
		

		
			EXERCISE AGREEMENT
		

		
			 
		

			
					
						 

					
					
						 

				
	
					
						To:

					
					
						Dated:

				

		
			 
		

		
			The undersigned, pursuant to the provisions set forth in the attached Warrant (Certificate No. W-____), hereby agrees to subscribe for the purchase of ______ shares of the Warrant Stock covered by such Warrant and makes payment herewith in full therefor at the price per share provided by such Warrant.
		

		
			 
		

		
			Check one box:
		

		
			 
		

		
			☐  I am attaching a cashier’s, personal or certified check, or have arranged for a wire transfer of immediately available funds to the Company, in an amount equal to the Aggregate Exercise Price.
		

		
			 
		

		
			☐  In lieu of paying cash, I have elected to receive such lesser number of shares of Common Stock as determined pursuant to Section 1B(ii) of the attached Warrant.
		

		
			 
		

			
					
						 

					
					
						By: 

					
					
						 

				
	
					
						 

					
					
						Name: 

					
					
						 

				
	
					
						 

					
					
						Title:EX-10.1

 Exhibit 10.1 

Execution Version 

OMNIBUS AGREEMENT 

among 
 TALLGRASS ENERGY
HOLDINGS, LLC, 
 TALLGRASS ENERGY GP, LP, 

TEGP MANAGEMENT, LLC, 

and 
 TALLGRASS EQUITY,
LLC 

 OMNIBUS AGREEMENT 

This OMNIBUS AGREEMENT (“Agreement”) is entered into on, and effective as of, the Closing Date (as
defined herein), among Tallgrass Energy Holdings, LLC, a Delaware limited liability company (“Holdings”), Tallgrass Energy GP, LP, a Delaware limited partnership (the “Partnership”), TEGP Management,
LLC, a Delaware limited liability company (the “General Partner”) and Tallgrass Equity, LLC, a Delaware limited liability company (“Tallgrass Equity”). The above-named entities are sometimes referred
to in this Agreement each as a “Party” and collectively as the “Parties.” 

R E C I T A L S: 
 1. The
Parties desire by their execution of this Agreement to evidence their agreement, as more fully set forth in Article II, with respect to the amount to be paid by Tallgrass Equity for certain general and administrative services to be performed
or provided by Holdings and its Affiliates as well as direct expenses, including operating expenses, incurred by Holdings and its Affiliates for and on behalf of the Partnership Entities (as defined herein) and Tallgrass Equity’s reimbursement
obligations related thereto. 
 3. The Parties desire by their execution of this Agreement to evidence their agreement, as more fully set
forth in Article III, with respect to the granting of a license from Holdings to the Partnership Entities. 
 In consideration of the
premises and the covenants, conditions and agreements contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereby agree as follows: 

ARTICLE I 
 Definitions

 1.1 Definitions. 
 As used
in this Agreement, the following terms shall have the respective meanings set forth below: 
 “Affiliate” has the
meaning given such term in the Partnership Agreement. 
 “Agreement” means this Omnibus Agreement, as it may be
amended, modified or supplemented from time to time in accordance with the terms hereof. 
 “Cause” has the meaning
given such term in the Partnership Agreement. 
 “Change of Control” means, with respect to any Person (the
“Applicable Person”), any of the following events: (i) any sale, lease, exchange or other transfer (in one transaction or a series of related transactions) of all or substantially all of the Applicable Person’s
assets to any other Person, unless immediately following such sale, lease, exchange or other transfer such assets are owned, directly or indirectly, by the Applicable Person or its Affiliates or such Applicable Person or its Affiliates owns or
controls such other Person; (ii) the dissolution or 

  
 2 

 
liquidation of the Applicable Person; (iii) the consolidation or merger of the Applicable Person with or into another Person, other than any such transaction where (a) the outstanding
Voting Securities of the Applicable Person are changed into or exchanged for Voting Securities of the surviving Person or its parent and (b) the holders of the Voting Securities of the Applicable Person immediately prior to such transaction
own, directly or indirectly, not less than a majority of the outstanding Voting Securities of the surviving Person or its parent immediately after such transaction; and (iv) a “person” or “group” (within the meaning of
Sections 13(d) or 14(d)(2) of the Exchange Act), other than Holdings or its Affiliates, being or becoming the “beneficial owner” (as defined in Rules 13d-3 and 13d-5 under the Exchange Act) of more than 50% of all of the
then outstanding Voting Securities of the Applicable Person, except in a merger or consolidation that would not constitute a Change of Control under clause (iii) above. 

“Class A Shares” has the meaning given such term in the Partnership Agreement. 

“Class B Shares” has the meaning given such term in the Partnership Agreement. 

“Closing Date” means the date of the closing of the Partnership’s initial public offering of Class A Shares.

 “Conflicts Committee” has the meaning given such term in the Partnership Agreement. 

“control” means the possession, directly or indirectly, of the power to direct or cause the direction of the
management and policies of a Person, whether through ownership of voting securities, by contract, or otherwise. 
 “Exchange
Act” means the Securities Exchange Act of 1934, as amended. 
 “General Partner” has the meaning given
such term in the introduction to this Agreement. 
 “Holdings” has the meaning given such term in the introduction
to this Agreement. 
 “Holdings Entities” means Holdings and any Person controlled, directly or indirectly, by
Holdings other than the General Partner, a member of the Partnership Group, TEP or its Subsidiaries; and “Holdings Entity” means any of the Holdings Entities. 

“License” has the meaning given such term in Section 3.1 of this Agreement. 

“Marks” has the meaning given such term in Section 3.1 of this Agreement. 

“Name” has the meaning given such term in Section 3.1 of this Agreement. 

“Partnership” has the meaning given such term in the introduction to this Agreement. 

“Partnership Agreement” means the Amended and Restated Agreement of Limited Partnership of Tallgrass Energy GP, LP,
dated as of the Closing Date, as such agreement may be amended from time to time. 

  
 3 

 “Partnership Entities” means the General Partner and each member of the
Partnership Group. 
 “Partnership Group” means the Partnership and its Subsidiaries (other than TEP and its
Subsidiaries). 
 “Party” and “Parties” are defined in the introduction to this Agreement.

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

“Registration Statement” means the Registration Statement on Form S-1 (File No. 333-202258), as amended, filed
with the Securities and Exchange Commission with respect to the proposed initial public offering of Class A Shares by the Partnership. 

“Service Provider” has the meaning given such term in Section 2.2 of this Agreement. 

“Services” has the meaning given such term in Section 2.1 of this Agreement. 

“Subsidiary” has the meaning given such term in the Partnership Agreement. 

“Tallgrass Equity” has the meaning given such term in the introduction to this Agreement. 

“TEP” means Tallgrass Energy Partners, LP, a Delaware limited partnership. 

“TEP Omnibus Agreement” means that certain omnibus agreement, effective as of May 17, 2013, among Tallgrass
Development, LP, a Delaware limited partnership, TEP, Tallgrass MLP GP, LLC, a Delaware limited liability company and Tallgrass Development GP, LLC. 

“Voting Securities” of a Person means securities of any class of such Person entitling the holders thereof to vote in
the election of, or to appoint, members of the board of directors or other similar governing body of the Person. 
 ARTICLE II 

Provision of Services; Reimbursement 

2.1 Agreement to Provide Services. Until such time as this Agreement is terminated as provided in Section 4.4, Holdings
hereby agrees to provide, or to cause the Holdings Entities or third parties to provide, the Partnership Entities with such general and administrative services and management and operating services as may be necessary to manage and operate the
business and affairs of the Partnership Entities, including accounting, audit, business development, corporate record keeping, treasury services (including cash management), real property/land, legal, operations/engineering, investor relations, risk
management, commercial/marketing, information technology, insurance, government relations/compliance, tax, payroll, human resources and environmental, health and safety (collectively, “Services”). Holdings shall, and shall
cause the Holdings Entities or such third parties to, provide the Partnership Entities with such Services in a manner consistent in nature and quality to the services of such type provided by the Holdings Entities to TEP and its Subsidiaries
pursuant to the TEP Omnibus Agreement. 

  
 4 

 2.2 Reimbursement by Tallgrass Equity. Subject to and in accordance with the terms
and provisions of this Article II and such reasonable allocation and other procedures as may be agreed upon by Holdings and the General Partner from time to time, Tallgrass Equity hereby agrees to reimburse Holdings or the Holdings Entity
providing the Services, as applicable (the “Service Provider”), for all reasonable direct and indirect costs and expenses incurred by the Service Provider in connection with the provision of the Services to the Partnership
Entities, including the following: 
 (a) any payments or expenses incurred for insurance coverage and negotiated instruments
(including surety bonds and performance bonds) provided by underwriters with respect to the business of the Partnership Group; 
 (b) any
costs incurred in connection with the provision of information technology services; 
 (c) salaries and related benefits and expenses of
personnel employed by a Holdings Entity who render Services to the Partnership Entities, plus general and administrative expenses associated with such personnel; 

(d) any expenses incurred by a Holdings Entity with respect to third parties providing Services to the Partnership Entities on behalf of a
Holdings Entity; 
 (e) any taxes or other direct expenses paid by a Holdings Entity for the benefit of the Partnership Entities; and 

(f) all expenses and expenditures incurred by a Holdings Entity as a result of the Partnership becoming and continuing as a publicly traded
entity, including costs associated with annual and quarterly reports, tax return and Form 1099 preparation and distribution, independent auditor fees, partnership governance and compliance expenses, registrar and transfer agent fees, legal fees and
director compensation; 
 it being agreed, however, that to the extent any reimbursable costs or expenses incurred by the Holdings Entities consist of an
allocated portion of costs and expenses incurred by a Holdings Entity for the benefit of both the Partnership Entities and the other Affiliates of Holdings, such allocation shall be made on a reasonable cost reimbursement basis as determined by
Holdings. 
 2.3 Billing Procedures. Tallgrass Equity will reimburse the Service Provider for billed costs no later than
the later of (a) the last day of the month following the performance month, or (b) thirty (30) business days following the date of the Service Provider’s billing to Tallgrass Equity. Billings and payments may be accomplished
by inter-company accounting procedures and transfers. The General Partner shall have the right to review all source documentation concerning the liabilities, costs, and expenses upon reasonable notice and during regular business hours.

  
 5 

 ARTICLE III 

License of Name and Mark 

3.1 Grant of License. Upon the terms and conditions set forth in this Article III, Holdings hereby grants and conveys to
each of the entities currently or hereafter comprising a part of the Partnership Group and to the General Partner a shared, nontransferable, nonexclusive, royalty free right and license (“License”) to Holdings’s right to
use the name “Tallgrass” (the “Name”) and any associated or related marks (the “Marks”). 

3.2 Ownership and Quality. The Partnership and the General Partner agree that ownership of the Name and the Marks and the goodwill
relating thereto shall remain vested in Holdings both during the term of this License and thereafter, and the Partnership and the General Partner further agree, and agree to cause the other Partnership Entities, never to challenge, contest or
question the validity of Holdings’s ownership of the Name and the Marks or any registration thereto by Holdings. In connection with the use of the Name and the Marks, the Partnership, the General Partner and any other Partnership Entity shall
not in any manner represent that they have any ownership in the Name and the Marks or registration thereof except as set forth herein, and the Partnership and the General Partner, on behalf of itself and the other Partnership Entities, acknowledge
that the use of the Name and the Marks shall not create any right, title or interest in or to the Name and the Marks, and all use of the Name and the Marks by the Partnership, the General Partner or any other Partnership Entity, shall inure to the
benefit of Holdings. The Partnership and the General Partner agree, and agree to cause the other Partnership Entities, to use the Name and Marks in accordance with such quality standards established by Holdings and communicated to the Partnership
and the General Partner from time to time, it being understood that the products and services offered by the Partnership Entities immediately before the Closing Date are of a quality that is acceptable to Holdings and justifies the License. In the
event any Partnership Entity is determined by Holdings to be using the Name and the Marks in a manner not in accordance with quality standards established by Holdings, Holdings shall provide written notice of such unacceptable use including the
reason why applicable quality standards are not being met. If acceptable proof that quality standards are met is not provided to Holdings within thirty (30) days of such notice, the entity’s license to use the Name and the Marks shall
terminate and shall not be renewed absent written authorization from Holdings. 
 3.3 Termination. In the
event of termination of this Agreement, pursuant to Section 4.4 or otherwise, or the termination of the License, the Partnership Entities’ right to utilize or possess the Name and the Marks licensed under this Agreement shall
automatically cease, and no later than ninety (90) days following such termination, (a) the Partnership Entities shall cease all use of the Name and the Marks and shall adopt trademarks, service marks, and trade names that are not
confusingly similar to the Name and the Marks, provided, however, that any use of the Name or the Marks during such 90-day period shall continue to be subject to Section 3.2, (b) at Holdings’s request, the Partnership
Entities shall destroy all materials and content upon which the Name or the Marks continue to appear (or otherwise modify such materials and content such that the use or appearance of the Name or the Marks ceases) that are under the Partnership
Entities’ control, and certify in writing to Holdings that the Partnership Entities have done so, and (c) each Partnership Entity shall change its legal name so that there is no reference therein to the name “Tallgrass” or d/b/a
then used by any Holdings Entity or any variation, derivation or abbreviation thereof, and in connection therewith, shall make all necessary filings of certificates with the Secretary of State of the State of Delaware and to otherwise amend its
organizational documents by such date.  

  
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 ARTICLE IV 

Miscellaneous 
 4.1 Choice of Law;
Submission to Jurisdiction. This Agreement shall be subject to and governed by the laws of the State of Delaware, excluding any conflicts-of-law rule or principle that might refer the construction or interpretation of this Agreement to the
laws of another state. Each Party hereby submits to the jurisdiction of the state and federal courts in the State of Kansas and to venue in Kansas. 
 4.2
Notice. All notices or requests or consents provided for by, or permitted to be given pursuant to, this Agreement, excluding billing notices under Section 2.3 which shall be handled under Holdings’ standard billing
procedures, must be in writing and must be given by depositing same in the United States mail, addressed to the Person to be notified, postage paid, and registered or certified with return receipt requested or by delivering such notice in person or
by overnight delivery or by electronic mail or by facsimile to such Party. Notice given by personal delivery or mail shall be effective upon actual receipt. Notice given by electronic mail or by facsimile shall be effective upon actual receipt if
received during the recipient’s normal business hours or at the beginning of the recipient’s next business day after receipt if not received during the recipient’s normal business hours. All notices to be sent to a Party pursuant to
this Agreement shall be sent to or made at the address set forth below or at such other address as such Party may stipulate to the other Parties in the manner provided in this Section 4.2. 

For notice to Holdings: 

Tallgrass Energy Holdings, LLC 

4200 W. 115th Street, Suite 350 

Leawood, Kansas 66211 
 Attn:
General Counsel 
 Facsimile: 913.928.6011 

Electronic Mail: george.rider@tallgrassenergylp.com 

with a copy, which shall not constitute notice, to: 

c/o Tallgrass Energy Holdings, LLC 

4200 W. 115th Street, Suite 350 

Leawood, Kansas 66211 
 Attn:
President and Chief Executive Officer 
 Facsimile: 913.928.6006 

Electronic Mail: david.dehaemers@tallgrassenergylp.com 

  
 7 

 For notice to the Partnership Entities (including Tallgrass Equity): 

Tallgrass Energy GP, LP 
 4200 W.
115th Street, Suite 350 
 Leawood, Kansas 66211 

Attn: General Counsel 
 Facsimile:
913.928.6011 
 Electronic Mail: george.rider@tallgrassenergylp.com 

with a copy, which shall not constitute notice, to: 

Tallgrass Energy GP, LP 
 4200 W.
115th Street, Suite 350 
 Leawood, Kansas 66211 

Attn: President and Chief Executive Officer 

Facsimile: 913.928.6006 

Electronic Mail: david.dehaemers@tallgrassenergylp.com 

4.3 Entire Agreement. This Agreement constitutes the entire agreement of the Parties relating to the matters contained herein,
superseding all prior contracts or agreements, whether oral or written, relating to the matters contained herein. In the event of a conflict between the provisions of this Agreement and the provisions of the Partnership Agreement, the provisions of
the Partnership Agreement shall control. 
 4.4 Termination. Notwithstanding any other provision of this
Agreement, (i) if the General Partner is removed as general partner of the Partnership under circumstances where Cause does not exist and the Class A Shares and Class B Shares held by the General Partner and its Affiliates are not voted in
favor of such removal, then this Agreement, other than the provisions set forth in Section 3.3, may at any time thereafter be terminated by Holdings by written notice to the other Parties, or (ii) if a Change of Control of the
Partnership occurs, then this Agreement, other than the provisions set forth in Section 3.3, may at any time thereafter be terminated by Holdings by written notice to the other Parties.  

4.5 Effect of Waiver or Consent. No waiver or consent, express or implied, by any Party to or of any breach or default by any
Person in the performance by such Person of its obligations hereunder shall be deemed or construed to be a consent or waiver to or of any other breach or default in the performance by such Person of the same or any other obligations of such Person
hereunder. Failure on the part of a Party to complain of any act of any Person or to declare any Person in default, irrespective of how long such failure continues, shall not constitute a waiver by such Party of its rights hereunder until the
applicable statute of limitations period has run. 
 4.6 Amendment or Modification. This Agreement may be amended
or modified from time to time only by the written agreement of all the Parties; provided, however, that the Partnership may not, without the prior approval of the Conflicts
Committee, agree to any amendment or modification of this Agreement that, in the reasonable discretion of the General Partner, would be adverse in any material respect to the holders of Class A Shares. Each such instrument shall be reduced to
writing and shall be designated on its face an “Amendment” or an “Addendum” to this Agreement. 

  
 8 

 4.7 Assignment; Third-Party Beneficiaries. No Party shall have the right to assign
any of its rights or obligations under this Agreement without the consent of the other Parties hereto. Each of the Parties hereto specifically agrees that each member of the Partnership Group, whether or not a Party to this Agreement, shall be
entitled to assert rights and remedies hereunder as third-party beneficiaries hereto with respect to those provisions of this Agreement affording a right, benefit or privilege to any such entity. Except as contemplated by the preceding sentence,
this Agreement does not create any rights or benefits for any entity or individual other than the Parties. 
 4.8
Successors. This Agreement shall bind and inure to the benefit of the Parties and to their respective successors and assigns. 

4.9 Continuation of Work During Dispute. Notwithstanding any dispute, it shall be the responsibility of each Party to continue to
perform its obligations under this Agreement pending resolution of the dispute. 
 4.10 Counterparts. This
Agreement may be executed in any number of counterparts, including facsimile or portable document format (.pdf) counterparts, with the same effect as if all signatory Parties had signed the same document. All counterparts shall be construed together
and shall constitute one and the same instrument. 
 4.11 Severability. If any provision of this Agreement or the
application thereof to any Person or circumstance shall be held invalid or unenforceable by a court or regulatory body of competent jurisdiction, the remainder of this Agreement and the application of such provision to other Persons or circumstances
shall not be affected thereby and shall be enforced to the greatest extent permitted by law. 
 4.12 Rules of
Construction. Whenever the context requires, the gender of all words used in this Agreement shall include the masculine, feminine and neuter, and the number of all words shall include the singular and plural. All references to Article
numbers and Section numbers refer to Articles and Sections of this Agreement. Unless otherwise specifically indicated or the context otherwise requires, the terms “include,” “includes” and “including” as used in this
Agreement shall be deemed to be followed by the words “without limitation.” 
 4.13 Further Assurances.
In connection with this Agreement and all transactions contemplated by this Agreement, each Party agrees to execute and deliver such additional documents and instruments and to perform such additional acts as may be necessary or appropriate to
effectuate, carry out and perform all of the terms, provisions and conditions of this Agreement and all such transactions. 

4.14 Withholding or Granting of Consent. Unless otherwise provided herein, each Party may, with respect to any consent or approval
that it is entitled to grant pursuant to this Agreement, grant or withhold such consent or approval in its sole and uncontrolled discretion, with or without cause, and subject to such conditions as it shall deem appropriate. 

  
 9 

 4.15 Laws and Regulations. Notwithstanding any provision of this Agreement to the
contrary, no Party shall take any act, or fail to take any act, under this Agreement which would violate any applicable law, statute, rule or regulation. 

4.16 Negation of Rights of Limited Partners, Assignees and Third Parties. Except as set forth in Section 4.7, the
provisions of this Agreement are enforceable solely by the Parties, and no stockholder, limited partner, member or assignee of a Party shall have the right, separate and apart from such Party, to enforce any provision of this Agreement or to compel
any Party to comply with the terms of this Agreement. 
 4.17 No Recourse Against Officers or Directors. For the
avoidance of doubt, the provisions of this Agreement shall not give rise to any right of recourse against any officer or director of Holdings, the General Partner, the Partnership, Tallgrass Equity or any member of the Partnership Group.

 4.18 Legal Compliance. The Parties acknowledge and agree that this Agreement, and all services provided under this
Agreement, are intended to comply with any and all laws and legal obligations and that this Agreement should be construed and interpreted with this purpose in mind. 

[Signature Page Follows] 

  
 10 

 IN WITNESS WHEREOF, the Parties have executed this Agreement on, and effective as of, the Closing
Date. 
  

			
	TALLGRASS ENERGY HOLDINGS, LLC
		
	By:		 /s/ David G. Dehaemers, Jr.

			David G. Dehaemers, Jr.
			President and Chief Executive Officer
	
	TALLGRASS ENERGY GP, LP
		
	By:		TEGP Management, LLC,
			its general partner
		
	By:		 /s/ David G. Dehaemers, Jr.

			David G. Dehaemers, Jr.
			President and Chief Executive Officer
	
	TEGP MANAGEMENT, LLC
		
	By:		 /s/ David G. Dehaemers, Jr.

			David G. Dehaemers, Jr.
			President and Chief Executive Officer
	
	TALLGRASS EQUITY, LLC
		
	By:		 /s/ David G. Dehaemers, Jr.

			David G. Dehaemers, Jr.
			President and Chief Executive Officer

 Signature Page to Omnibus Agreement

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