Document:

EX-10.4

 Exhibit 10.4 
 TALLGRASS MLP GP, LLC 
 LONG-TERM INCENTIVE PLAN 

 

	1.	Purpose of the Plan. 

 The
Tallgrass MLP GP, LLC Long-Term Incentive Plan (the “Plan”) has been adopted by Tallgrass MLP GP, LLC, a Delaware limited liability company (the “Company”), the general partner of Tallgrass Energy Partners, LP, a
Delaware limited partnership (the “Partnership”), and is intended to promote the interests of the Partnership and the Company and their Affiliates (as defined below) by providing to employees, consultants, and directors of the
Company and its Affiliates who perform services for or on behalf of the Partnership or its Affiliates incentive compensation awards for superior performance that are based on Units (as defined below). The Plan is also contemplated to enhance the
ability of the Company and its Affiliates to attract and retain the services of individuals who are essential for the growth and profitability of the Partnership and its subsidiaries and to encourage them to devote their best efforts to advancing
the business of the Partnership and its subsidiaries. 
  

	2.	Definitions. 

 As used in
the Plan, the following terms shall have the meanings set forth below: 
 “Affiliate” means,
with respect to any Person, any other Person that directly or indirectly through one or more intermediaries controls, is controlled by or is under common control with, the Person in question. As used herein, the term “control” means the
possession, direct or indirect, of the power to direct or cause the direction of the management and policies of a Person, whether through ownership of voting securities, by contract or otherwise. 

“Award” means a Unit, Restricted Unit, Phantom Unit, Option, Unit Appreciation Right or DER granted under
the Plan. 
 “Award Agreement” means the written agreement or other instrument by which an Award
shall be evidenced. 
 “Board” means the Board of Directors of the Company. 

“Change of Control” means, and shall be deemed to have occurred upon the occurrence of one or more of the
following events: (i) any Person or group, other than Tallgrass GP Holdings, LLC (“Parent”) or its Affiliates, becomes the owner, by way of merger, consolidation, recapitalization, reorganization or otherwise, of 50% or more of
(A) the combined voting power of the equity interests in the Company or (B) the general partner interests in the Partnership (excluding incentive distribution rights), (ii) the limited partners of the Partnership approve, in one or a
series of transactions, a plan of complete liquidation of the Partnership or (iii) the sale or other disposition by the Partnership of all or substantially all of its assets in one or more transactions to any person other than the Company or an
Affiliate of the Company. 

 Anything in this definition to the contrary notwithstanding, with respect to
any Award intended to be compliant with Section 409A of the Code, no Change of Control shall be deemed to have occurred unless such event constitutes an event specified in Section 409A(a)(2)(A)(v) of the Code and the Treasury Regulations
promulgated thereunder. 
 “Code” means the Internal Revenue Code of 1986, as amended.

 “Committee” means the Compensation Committee of the Board or, if none, the Board or such
committee of the Board, if any, as may be appointed by the Board to administer the Plan. 

“Consultant” means an individual, other than an Employee or a Director, providing bona fide services to
the Partnership or any of its Affiliates as a consultant or advisor, as applicable, provided that such individual is a natural person. 
 “DER” or “Distribution Equivalent Right” means a right to receive an amount in cash or additional Awards equal to the cash distributions made by the Partnership with
respect to a Unit during a specified period. 
 “Director” means a member of the Board who is
not an Employee. 
 “Employee” means any employee of the Company or an Affiliate who performs
services for the Partnership or its Affiliates, including, without limitation, employees of Tallgrass Management, LLC or any successor. 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended. 
 “Fair Market Value” of a Unit means the closing sales price of a Unit on the principal national securities exchange or other market in which trading in Units occurs on the applicable date
(or if there is no trading in the Units on such date, on the next preceding date on which there was trading) as reported in The Wall Street Journal (or other reporting service approved by the Committee). In the event Units are not traded on a
national securities exchange or other market at the time a determination of fair market value is required to be made hereunder, the determination of fair market value shall be made in good faith by the Committee and in compliance with
Section 409A of the Code. Notwithstanding the foregoing, with respect to an Award granted on the effective date of the initial public offering of Units, Fair Market Value on such date shall mean the initial offering price per Unit as stated on
the cover page of the prospectus which is part of the registration statement on Form S-1 for such offering. 

“Option” means an option to purchase Units granted under the Plan. 

“Participant” means any Employee, Consultant or Director granted an Award under the Plan. 

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

“Phantom Unit” means a phantom (notional) unit granted under the Plan which entitles the Participant to
receive, in the discretion of the Committee, a Unit or an amount of cash equal to the Fair Market Value of a Unit. 
 “Restricted Period” means the period established by the Committee with respect to an Award during which the Award remains nontransferable and subject to forfeiture or is either not
exercisable by or payable to the Participant, as the case may be. 
 “Restricted Unit” means a
Unit granted under the Plan that is subject to a Restricted Period. 
 “SEC” means the
Securities and Exchange Commission, or any successor thereto. 
 “UAR” or “Unit
Appreciation Right” means an Award that, upon exercise, entitles the holder to receive, in cash or Units in the discretion of the Committee, the excess of the Fair Market Value of a Unit on the exercise date over the exercise price
established for such Unit Appreciation Right. 
 “Unit” means a common unit of the Partnership.

  

	3.	Administration. 

 (a)
General. The Plan shall be administered by the Committee. Subject to the terms of the Plan and applicable law, and in addition to other express powers and authorizations conferred on the Committee by the Plan, the Committee shall have full
power and authority to: (i) designate Participants; (ii) determine the type or types of Awards to be granted to a Participant; (iii) determine the number of Units or Phantom Units to be covered by Awards; (iv) determine the terms
and conditions of any Award (including but not limited to performance requirements for such Award); (v) determine whether, to what extent, and under what circumstances Awards may be settled, exercised, canceled, or forfeited;
(vi) interpret and administer the Plan and any instrument or agreement relating to an Award made under the Plan; (vii) establish, amend, suspend, or waive such rules and regulations and appoint such agents as it shall deem appropriate for
the proper administration of the Plan; and (viii) make any other determination and take any other action that the Committee deems necessary or desirable for the administration of the Plan. The Committee may, in its discretion, provide for the
extension of the exercisability of an Award, accelerate the vesting or exercisability of an Award, eliminate or make less restrictive any restrictions applicable to an Award, waive any restriction or other provision of this Plan or an Award or
otherwise amend or modify an Award or Award Agreement in any manner that is either (i) not adverse to the Participant to whom such Award was granted or (ii) consented to by such Participant. Unless otherwise expressly provided in the Plan,
all designations, determinations, interpretations, and other decisions under or with respect to the Plan or any Award shall be within the sole discretion of the Committee, may be made at any time and shall be final, conclusive, and binding upon all
Persons, including the Company, the Partnership, any Affiliate, any Participant, and any beneficiary of any Award. No member of 

  
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the Committee or officer of the Company to whom the Committee has delegated authority in accordance with the provisions of Section 3(b) of this Plan shall be liable for anything done or
omitted to be done by him or her, by any member of the Committee or by any officer of the Company in connection with the performance of any duties under this Plan, except for his or her own willful misconduct. 

(b) Delegation. Following the authorization of a pool of Units to be available for Awards, the Board or the Committee may
authorize a committee of one or more members of the Board to grant individual Awards from such pool pursuant to such conditions or limitations as the Board or the Committee may establish. The Committee may delegate to the Chief Executive Officer and
to other employees of the Company its administrative duties under this Plan (excluding its granting authority) pursuant to such conditions or limitations as the Committee may establish. The Committee may engage or authorize the engagement of a third
party administrator to carry out administrative functions under the Plan. 
  

	4.	Units. 

 (a) Limits on
Units Deliverable. Subject to adjustment as provided in Section 4(c), the maximum number of Units that may be delivered or reserved for delivery or underlying Awards in the aggregate issued under the Plan is 10,000,000. If any Award
expires, is canceled, exercised, paid or otherwise terminates without the delivery of Units, then the Units covered by such Award, to the extent of such expiration, cancellation, exercise, payment or termination, shall again be Units with respect to
which Awards may be granted. Units that are delivered by a Participant in satisfaction of the exercise or other purchase price of an Award or the tax withholding obligations associated with an Award or are withheld to satisfy the Company’s tax
withholding obligations are available for delivery pursuant to other Awards. The Committee may from time to time adopt and observe such rules and procedures concerning the counting of Units against the Plan maximum or any sublimit as it may deem
appropriate, including rules more restrictive than those set forth above to the extent necessary to satisfy the requirements of any national stock exchange on which the Units are listed or any applicable regulatory requirement. The Board, the
Committee and the appropriate officers of the Company are authorized to take from time to time whatever actions are necessary, and to file any required documents with governmental authorities, stock exchanges and transaction reporting systems to
ensure that Units are available for issuance pursuant to Awards. 
 (b) Sources of Units Deliverable Under Awards. Any
Units delivered pursuant to an Award shall consist, in whole or in part, of Units acquired in the open market, common units already owned by the Company, common units acquired by the Company directly from the Partnership or any other person or any
combination of the foregoing. 
 (c) Adjustments. In the event that any distribution (whether in the form of cash, Units,
other securities, or other property), recapitalization, split, reverse split, reorganization, merger, consolidation, split-up, spin-off, combination, repurchase, or exchange of Units or other securities of the Partnership, issuance of warrants or
other rights to purchase Units or other securities of the Partnership, or other similar transaction or event affects the Units, then the Committee shall, in such manner as it may deem equitable, adjust any or all of (i) the number and type of
Units (or other securities or property) with respect to which Awards may be granted, 

  
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(ii) the number and type of Units (or other securities or property) subject to outstanding Awards, and (iii) the grant or exercise price with respect to any Award, or make provision for
a cash payment to the holder of an outstanding Award; provided, that the number of Units subject to any Award shall always be a whole number. No adjustment pursuant to this Section 4(c) shall be made in a manner that results in noncompliance
with the requirements of Section 409A of the Code, to the extent applicable. 
  

	5.	Eligibility. 

 Any
Employee, Consultant or Director shall be eligible to be designated a Participant and receive an Award under the Plan. 
  

	6.	Awards. 

 Awards may, in
the discretion of the Committee, be granted either alone or in addition to, in tandem with or in substitution for any other Award granted under the Plan or any award granted under any other plan of the Company or any Affiliate. Awards granted in
addition to or in tandem with other Awards or awards granted under any other plan of the Company or any Affiliate may be granted either at the same time as or at a different time from the grant of such other Awards or awards. 

(a) Unrestricted Units. The Committee shall have the discretion to determine the Employees, Consultants and Directors to whom
unrestricted Units shall be granted and the number of Units to be granted. All unrestricted Units granted shall be fully vested upon grant and shall not be subject to forfeiture. 

(b) Restricted Units. The Committee shall have the authority to determine the Employees, Consultants and Directors to whom
Restricted Units shall be granted, the number of Restricted Units to be granted to each such Participant, the Restricted Period, the conditions under which the Restricted Units may become vested or forfeited, and such other terms and conditions as
the Committee may establish with respect to such Awards. To the extent provided by the Committee, in its discretion, a grant of Restricted Units may provide that distributions made by the Partnership with respect to the Restricted Units shall be
subject to the same forfeiture and other restrictions as the Restricted Unit and, if restricted, such distributions shall be held, without interest, until the Restricted Unit vests or is forfeited with the accumulated distributions being paid or
forfeited at the same time, as the case may be. Absent such a restriction on the distributions in the Award Agreement, distributions during the Restricted Period shall be paid to the holder of the Restricted Unit without restriction. 

(c) Phantom Units. The Committee shall have the authority to determine the Employees, Consultants and Directors to whom Phantom
Units shall be granted, the number of Phantom Units to be granted to each such Participant, the Restricted Period, the time or conditions under which the Phantom Units may become vested or forfeited, which may include, without limitation, the
accelerated vesting upon the achievement of specified performance goals, and such other terms and conditions as the Committee may establish with respect to such Awards, including whether DERs are granted with respect to such Phantom Units.

  
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 (d) Options. The Committee shall have the authority to determine the Employees,
Consultants and Directors to whom Options shall be granted, the number of Units to be covered by each Option, whether DERs are granted with respect to such Option, the purchase price therefor and the conditions and limitations applicable to the
exercise of the Option as the Committee shall determine, that are not inconsistent with the provisions of the Plan. The term of an Option may not exceed 10 years. The purchase price per Unit purchasable under an Option shall be determined by the
Committee at the time the Option is granted, provided such purchase price may not be less than 100% of its Fair Market Value as of the date of grant. The Committee shall determine the time or times at which an Option may be exercised in whole or in
part, which may include, without limitation, accelerated vesting upon the achievement of specified performance goals, and the method or methods by which payment of the exercise price with respect thereto may be made or deemed to have been made,
which may include, without limitation, cash, check acceptable to the Company, a broker-assisted cashless exercise through procedures approved by the Committee, delivery of previously owned Units having a Fair Market Value on the exercise date equal
to the relevant exercise price, or any combination thereof. 
 (e) Unit Appreciation Rights. The Committee shall have the
authority to determine the Employees, Consultants and Directors to whom Unit Appreciation Rights shall be granted, the number of Units to be covered by each grant and the conditions and limitations applicable to the exercise of the Unit Appreciation
Right as the Committee shall determine, that are not inconsistent with the provisions of the Plan. The exercise price per Unit Appreciation Right shall be not less than 100% of its Fair Market Value as of the date of grant. The term of a Unit
Appreciation Right may not exceed 10 years. 
 (f) Distribution Equivalent Rights. The Committee shall have the authority
to determine the Employees, Consultants and Directors to whom DERs are granted, whether such DERs are tandem or separate Awards, whether the DERs shall be paid directly to the Participant, be credited to a bookkeeping account (with or without
interest in the discretion of the Committee) the vesting restrictions and payment provisions applicable to the Award, and such other provisions or restrictions as determined by the Committee in its discretion all of which shall be specified in the
Award Agreements. 
  

	7.	Limits on Transfer of Awards. 

 Each Award shall be exercisable or payable only to the Participant during the Participant’s lifetime, or to the person to whom the Participant’s rights shall pass by will or the laws of descent
and distribution. No Award and no right under any such Award may be assigned, alienated, pledged, attached, sold or otherwise transferred or encumbered by a Participant and any such purported assignment, alienation, pledge, attachment, sale,
transfer or encumbrance shall be void and unenforceable against the Company or any Affiliate. Notwithstanding the foregoing, to the extent specifically provided by the Committee with respect to an Award, an Award may be transferred by a Participant
without consideration to immediate family members or related family trusts, limited partnerships or similar entities or on such terms and conditions as the Committee may from time to time establish. 

  
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	8.	Securities Restrictions. 

(a) All certificates for Units or other securities of the Partnership delivered under the Plan pursuant to any Award or the exercise
thereof shall be subject to such stop transfer orders and other restrictions as the Committee may deem advisable under the Plan or the rules, regulations, and other requirements of the SEC, any stock exchange upon which such Units or other
securities are then listed, and any applicable federal or state laws, and the Committee may cause a legend or legends to be put on any such certificates to make appropriate reference to such restrictions. 

(b) Notwithstanding anything in the Plan or any Award Agreement to the contrary, delivery of Units pursuant to the exercise or vesting of
an Award may be deferred for any period during which, in the good faith determination of the Committee, the Company is not reasonably able to obtain Units to deliver pursuant to such Award without violating the rules or regulations of any applicable
law or securities exchange. No Units or other securities shall be delivered pursuant to any Award until payment in full of any amount required to be paid pursuant to the Plan or the applicable Award Agreement (including, without limitation, any
exercise price or tax withholding) is received by the Company. 
  

	9.	Change of Control. 

Unless specifically provided otherwise in the Award Agreement, upon a Change of Control or such time prior thereto as established by the
Committee, all outstanding Awards shall automatically vest or become exercisable in full, as the case may be. In this regard, all Restricted Periods shall terminate. 
 Except as otherwise provided in the Award Agreement, the difference between the Fair Market Value of Units on the payment date and the exercise price of an Option or UAR that is or becomes fully vested
and exercisable as of the date of a Change of Control (or any earlier date related to the Change of Control and established by the Committee) shall be paid in a single payment in Units, or cash and/or other property, or any combination of Units and
cash and/or other property, as determined by the Committee. Except as otherwise provided in the Award Agreement, any Award of Phantom Units or Restricted Units that pursuant to this Section 9 are deemed to have the applicable Restriction Period
lapse (and to have all applicable performance criteria achieved at the maximum level, if any) as of the date of a Change of Control (or any earlier date related to the Change of Control and established by the Committee), shall be settled by
(i) issuance of unrestricted Units based on the number of Units that were subject to the Award on the date of grant of the Award or (ii) payment of cash and/or other property equal to the Fair Market Value of a Unit on the payout date for
each Phantom Unit or Restricted Unit or (iii) any combination of payouts under clauses (i) and (ii) of this sentence, as determined by the Committee. Any accelerated payout pursuant to this Section 9 shall be made in a single
payment within 30 days after the date of the Change of Control. 
 To the extent an Option or UAR is not vested or exercisable,
or a Phantom Unit or Restricted Unit does not vest, pursuant to the preceding provisions of this Section 9 or the Award Agreement upon the Change of Control, the Committee may, in its discretion, cancel such Award or provide for an assumption
of such Award or a replacement grant on substantially the 

  
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same terms; provided, however, upon any cancellation of an Option or UAR that has an exercise price less than the Fair Market Value of a Unit as of the date of cancellation or a Phantom Unit or
Restricted Unit, the holder shall be paid an amount in Units or cash and/or other property or any combination of cash and/or other property, as determined by the Committee, equal to the difference between the Fair Market Value of a Unit and the
exercise price if an Option or UAR or equal to the Fair Market Value of a Unit, if a Phantom Unit or Restricted Unit. 
  

	10.	Amendment and Termination. 

Except as required by applicable law or the rules of the principal securities exchange on which the Units are traded, the Board may amend,
alter, suspend, discontinue, or terminate the Plan in any manner, including increasing the number of Units available for Awards under the Plan, without the consent of any Participant, any other holder or beneficiary of an Award or any other Person.

  

	11.	General Provisions. 

 (a)
No Rights to Award. No Person shall have any claim to be granted any Award under the Plan, and there is no obligation for uniformity of treatment of Participants. The terms and conditions of Awards need not be the same with respect to each
recipient. 
 (b) Tax Withholding. The Company or any Affiliate is authorized to withhold from any Award, from any
payment due or transfer made under any Award or from any compensation or other amount owing to a Participant the amount (in cash, Units, other securities, or other property) of any applicable taxes payable at the minimum statutory rate in respect of
the grant of an Award, its exercise, the lapse of restrictions thereon, or any payment or transfer under an Award or under the Plan and to take such other action as may be necessary in the opinion of the Company or such Affiliate to satisfy its
withholding obligations for the payment of such taxes. 
 (c) No Right to Employment or Services. The grant of an Award
shall not be construed as giving a Participant the right to be retained as an Employee, Consultant or Director, as applicable. Further, the Company or an Affiliate may at any time dismiss a Participant from employment or service at any time.

 (d) Governing Law. The validity, construction, and effect of the Plan and any rules and regulations relating to the
Plan shall be determined in accordance with the laws of the State of Delaware without regard to its conflict of laws principles. 
 (e) Severability. If any provision of the Plan or any Award is or becomes or is deemed to be invalid, illegal, or unenforceable in any jurisdiction or as to any Person or Award, or would disqualify
the Plan or any Award under any law deemed applicable by the Committee, such provision shall be construed or deemed amended to conform to the applicable laws, or if it cannot be construed or deemed amended without, in the determination of the
Committee, materially altering the intent of the Plan or the Award, such provision shall be stricken as to such jurisdiction, person or Award and the remainder of the Plan and any such Award shall remain in full force and effect. 

  
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 (f) Other Laws. The Committee may refuse to issue or transfer any Units or other
consideration under an Award if, in its sole discretion, it determines that the issuance or transfer of such Units or such other consideration might violate any applicable law or regulation, the rules of the principal securities exchange on which
the Units are then traded, or entitle the Partnership or an Affiliate to recover the same under Section 16(b) of the Exchange Act, and any payment tendered to the Company by a Participant, other holder or beneficiary in connection with the
exercise of such Award shall be promptly refunded to the relevant Participant, holder or beneficiary. 
 (g) No Trust or Fund
Created. Neither the Plan nor any Award shall create or be construed to create a trust or separate fund of any kind or a fiduciary relationship between the Partnership, Company or any participating Affiliate and a Participant or any other
Person. To the extent that any Person acquires a right to receive payments from the Partnership, Company or any Affiliate pursuant to an Award, such right shall be no greater than the right of any general unsecured creditor of the Partnership,
Company or any participating Affiliate. 
 (h) No Fractional Units. No fractional Units shall be issued or delivered
pursuant to the Plan or any Award, and the Committee shall determine whether cash, other securities, or other property shall be paid or transferred in lieu of any fractional Units or whether such fractional Units or any rights thereto shall be
canceled, terminated, or otherwise eliminated. 
 (i) Facility of Payment. Any amounts payable hereunder to any person
under legal disability or who, in the judgment of the Committee, is unable to properly manage his financial affairs, may be paid to the legal representative of such person, or may be applied for the benefit of such person in any manner which the
Committee may select, and the Partnership, Company and its Affiliates shall be relieved of any further liability for payment of such amounts. 
 (j) Gender and Number. Words in the masculine gender shall include the feminine gender, the plural shall include the singular and the singular shall include the plural. 

(k) No Guarantee of Tax Consequences. None of the Board, the Partnership, the Company, any Affiliate nor the Committee makes any
commitment or guarantee that any federal, state or local tax treatment will apply or be available to any person participating or eligible to participate hereunder. 
  

	12.	Section 409A of the Code. 

 (a) Awards made under this Plan are intended to comply with or be exempt from Section 409A of the Code, and ambiguous provisions hereof, if any, shall be construed and interpreted in a manner
consistent with such intent. No payment, benefit or consideration shall be substituted for an Award if such action would result in the imposition of taxes under Section 409A of the Code. Notwithstanding anything in this Plan to the contrary, if
any Plan provision or Award under this Plan would result in the imposition of an additional tax under Section 409A of the Code, that Plan provision or Award shall be reformed, to the extent permissible under Section 409A of the Code, to
avoid imposition of the additional tax, and no such action shall be deemed to adversely affect the Participant’s rights to an Award. 

  
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 (b) Unless the Committee provides otherwise in an Award Agreement, each DER, Restricted Unit
or Phantom Unit (or portion thereof if the Award is subject to a vesting schedule) shall be settled no later than the 15th day of the third month after the end of the first calendar year in which the Award (or such portion thereof) is no longer
subject to a “substantial risk of forfeiture” within the meaning of Section 409A of the Code. If the Committee determines that a DER, Restricted Unit or Phantom Unit is intended to be subject to Section 409A of the Code, the
applicable Award Agreement shall include terms that are designed to satisfy the requirements of Section 409A of the Code. 

(c) If the Participant is identified by the Company as a “specified employee” within the meaning of
Section 409A(a)(2)(B)(i) of the Code on the date on which the Participant has a “separation from service” (other than due to death) within the meaning of Treasury Regulation § 1.409A-1(h), any Award payable or settled on account
of a separation from service that is deferred compensation subject to Section 409A of the Code shall be paid or settled on the earliest of (1) the first business day following the expiration of six months from the Participant’s
separation from service, (2) the date of the Participant’s death, or (3) such earlier date as complies with the requirements of Section 409A of the Code. 

 

	13.	Term of the Plan. 

 The
Plan has been approved by the Board and the limited partners of the Partnership effective as of             , 2013. The Plan shall terminate on, and no Awards may be granted after, the
earliest of the date established by the Board or the Committee,             , 2023 (or such earlier date, if any, required by the rules of the exchange on which Units are traded) or the
date Units are no longer available for delivery pursuant to Awards under the Plan. However, unless otherwise expressly provided in the Plan or in an applicable Award Agreement, any Award granted prior to such termination, and the authority of the
Committee to amend, alter, adjust, suspend, discontinue, or terminate any such Award or to waive any conditions or rights under such Award, shall extend beyond such termination date. 

  
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 Exhibit 10.7 
 PURCHASE AND SALE AGREEMENT 
 by and between 

KINDER MORGAN INTERSTATE GAS TRANSMISSION LLC 
 and 
 KINDER MORGAN PONY EXPRESS PIPELINE LLC 

August 1, 2012 

 PURCHASE AND SALE AGREEMENT 

This Purchase And Sale Agreement (“Agreement”) is being entered into by and between KINDER MORGAN INTERSTATE GAS
TRANSMISSION LLC, a Colorado limited liability company (“Seller”), and KINDER MORGAN PONY EXPRESS PIPELINE LLC, a Delaware limited liability company (“Purchaser”), as of the 1st day of August, 2012.
(“Effective Date”). 
 1. Agreement. For and in consideration of the mutual benefits enjoyed by each of
the parties to this Agreement and of the payment by Purchaser to Seller of One Hundred and No/100 Dollars ($100.00) in cash, which payment shall be credited against the Consideration (as hereinafter defined) at the Closing (as hereinafter defined)
but which shall otherwise be nonrefundable to Purchaser, Seller agrees to sell and convey to Purchaser, and Purchaser agrees to purchase and accept conveyance of, the Property (as hereinafter defined) pursuant to the terms and conditions herein set
forth. 
 2. Property. The property which is the subject of this Agreement (collectively, the
“Property”) is as follows: 
 (a) Approximately 432.4 miles of the pipeline (consisting of 139.1
miles of 20-inch pipe, 244.5 miles of 22-inch pipe and 48.8 miles of 24-inch pipe), with appurtenances, commencing at the discharge side of the Guernsey Compressor Station located in Section 17, Township 26 North, Range 65 West, Platte County,
Wyoming and terminating at the NGPL Interconnect located in Section 25, Township 11 South, Range 8 West, Lincoln County, Kansas (the “Pipeline”), which will be conveyed using the form of Assignment and Bill of Sale set forth in
Appendix A attached hereto. 
 (b) Station piping, various buildings, structures, improvements,
valves, personal property, fixtures and auxiliary equipment (the “Related Facilities”), which will be conveyed using the form of Assignment and Bill of Sale set forth in Appendix A attached hereto. 

(c) Easements, licenses, rights-of-way, leases, and other interests in real property regarding the Pipeline and Related
Facilities (the “Real Property Interests”) which will be conveyed using the form of Assignment, Conveyance and Bill of Sale set forth in Appendix A attached hereto. 

(d) Fee simple interests in any real property (the “Fee Simple Property”) to be conveyed using the form
of Special Warranty Deed attached hereto as listed on Appendix B. 
 (e) To the extent assignable,
all of Seller’s right, title and interest in and to all other agreements that relate to Purchaser’s ownership or use of the Property, which Purchaser elects to assume (the “Property Agreements”). 

  
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 3. Consideration. Seller agrees to accept and Purchaser agrees to pay as
consideration for the sale of the Property (the “Consideration”) the following: 
 (a) The
actual net book value of the Pipeline at the time of Closing, estimated to be approximately $90.3 million as of May 31, 2012, payable at Closing (less any credits thereto provided in this Agreement). 

(b) Reimbursement to KMIGT for its actual reasonable and prudent costs of abandonment of the gas facilities described in
its application to the Federal Energy Regulatory Commission (“FERC”), currently estimated to be $8.4 million, payable within 60 days of receipt of invoice from KMIGT. 

(c) Reimbursement to KMIGT for its actual reasonable and prudent costs to construct the gas service facilities described
in its application to the FERC, currently estimated to be $56.6 million, payable within 60 days of receipt of invoice from KMIGT. 
 (d) Reimbursement to KMIGT for actual reasonable and prudent costs incurred to obtain gas pipeline transportation services from other interstate pipelines for a minimum period of five (5) years up to
ten (10) years as described in its application to the FERC, currently estimated to be $9.3 million per year, payable annually within 30 days of receipt of invoice from KMIGT. 

4. Purchaser’s Investigation. Purchaser shall have the period (the “Contingency Period”) commencing as of
the Effective Date and ending as of the Close of Business on the date (30) thirty days prior to Closing, within which to conduct such due diligence investigations regarding the Property as Purchaser shall desire. 

(a) Documents Relating to the Property. Seller, at Seller’s sole cost and expense, shall deliver to
Purchaser, at least thirty (30) days prior to Closing, the following documents and materials: 
 (i) a
completed draft of the Assignment, Conveyance and Bill of Sale substantially in the form attached hereto as Appendix A, including the schedules setting forth in detail the Property to be conveyed as provided in this Agreement. 

(ii) a completed draft of the Special Warranty Deed(s) substantially in the form attached hereto as Appendix B regarding
any Fee Simple Property to be conveyed as provided in this Agreement 
 (iii) a copy of any other documents in
Seller’s possession relating to the Property, including any existing surveys, maps, and any engineering or other technical reports or information related to the Property, including the soil or subsoil condition or topography of the Property;
and 
 (iv) such other documents and information as Purchaser may reasonably from time to time request which are
in Seller’s possession. 
  
 (b)
On-Site Inspections. During the Contingency Period and at all times thereafter prior to the Closing or the termination of this Agreement, Purchaser shall have the right, at Purchaser’s expense, to conduct all on-site inspections of the
Property determined by Purchaser to be necessary or appropriate to determine whether the 

  
 3 

 
Property is suitable for Purchaser’s intended use, including, without limitation, the testing and inspection of the Property (and its subsurface) for any environmental contamination and for
its suitability for development, the taking of ground water and core samples, soil tests, topographical and fault studies, and all other surveys, studies, tests and analysis desired by Purchaser. Seller hereby grants to Purchaser and its designated
agents or contractors the right to enter upon the Property to perform such inspections, tests and other studies; provided, that (i) if the Closing does not occur hereunder, Purchaser shall repair any physical damage to the Property resulting
therefrom and (ii) Purchaser shall indemnify and hold Seller harmless from and against any damage, claim, cause of action, liability, cost (including, without limitation, reasonable attorneys’ fees and court costs) or other obligation
caused by Purchaser’s entry upon the Property. The obligation of Purchaser to indemnify Seller under this Section 4(b) shall survive the Closing or termination of this Agreement. 

(c) Notice of Objections. On or before the Close of Business on the last day of the Contingency Period, Purchaser
shall deliver to Seller its written objections (the “Purchaser’s Objections”) to (i) any of the materials delivered to Purchaser pursuant to Section 4(a), and (ii) any other matters or conditions revealed by
Purchaser’s due diligence with respect to the Property, including the tests, inspections or reports conducted pursuant to Section 4(b), which, in Purchaser’s sole and absolute discretion, would materially interfere with or impair
Purchaser’s ability to use the Property for Purchaser’s intended purpose, or cause material additional expense to Purchaser in order to eliminate or correct the interference or impairment. Any matters reflected in the written materials
described in Sections 4(a) which are not objected to by Purchaser prior to the expiration of the Contingency Period shall, as to the portions of the Property shown to be affected thereby, be considered “Permitted Encumbrances”;
provided, that in no event may any matter or instrument which affects the Property become a Permitted Encumbrance prior to the time Purchaser has (i) been advised in writing of its existence and (ii) failed to object to said encumbrance
for a period of thirty (30) days following Purchaser’s receipt of written notification of the existence of such encumbrance or the instrument creating such encumbrance, and in no event shall any liens or assessments be Permitted
Encumbrances. Seller shall have the period (the “Seller’s Cure Period”) commencing with Seller’s receipt of any notice of Purchaser’s Objections and extending until the Close of Business on the date thirty
(30) days following the termination of the Contingency Period in which to cure or remove Purchaser’s Objections at Seller’s sole cost and expense. Seller agrees to use reasonable efforts to cure any of Purchaser’s Objections and
shall cure, remove, or pay off at or before the Closing any current assessments affecting the Property and all mortgages, deeds of trust, judgment liens, mechanics and materialmen’s liens, and similar liens against the Property. 

(d) Purchaser’s Termination Rights. If Seller fails for any reason, in Purchaser’s sole discretion, to
cure or satisfy any of Purchaser’s Objections on or before the expiration of Seller’s Cure Period, Purchaser shall have the option, on or before the date ten (10) days from the date Seller’s Cure Period expires, as
Purchaser’s sole and exclusive remedies, to either (i) accept conveyance of the Property subject to such uncured matters and proceed with the Closing contemplated herein (in which event all such matters objected to by Purchaser but not
cured by Seller shall be deemed Permitted 

  
 4 

 
Encumbrances), or (ii) give written notice to Seller electing to terminate this Agreement. In the event on or before the expiration of such ten (10) day period Purchaser fails to notify
Seller that Purchaser has elected one of the foregoing options, Purchaser shall be deemed to have elected to accept such uncured matters as Permitted Encumbrances. In addition, and notwithstanding anything set forth above or in this Agreement to the
contrary, if for any reason Purchaser determines, in its sole and absolute discretion, that it is dissatisfied with the Property, that the Property is not suitable for Purchaser’s intended use or that Purchaser does not for any other reason
desire to purchase the Property, Purchaser shall have the right, by giving notice to Seller on or before the Close of Business on the last day of the Contingency Period, to terminate this Agreement. If Purchaser should terminate this Agreement for
any reason set forth in this Section 4(d) neither party hereto shall have any further obligation to the other by virtue of this Agreement, other than pursuant to the provisions hereof that are expressly to survive any such termination.

 5. Warranties and Representations by Seller. Seller makes the following representations and warranties as of the
Effective Date and as of Closing: 
 (a) Seller is the lawful owner of all rights, titles and interests in all of
the Property. 
 (b) No condemnation or eminent domain proceedings are now pending or threatened concerning the
Property, and Seller has received no notice from any governmental or quasi-governmental agency or authority or potential condemnor concerning any right-of-way, utility or other taking which may affect the Property. 

(c) Seller is not a “foreign person” within the meaning of Section 1445 of the Internal Revenue Code, or
under any comparable state statutes that are applicable to this transaction. Seller is not a “disregarded entity” and shall be considered the “transferor” for purposes of Section 1445 of the Internal Revenue Code. At Closing
Seller will execute and deliver to Purchaser an affidavit regarding such matters. If Seller fails to execute and deliver such affidavit, Purchaser may deduct and withhold from the Purchase Price such amount as Purchaser may be required to withhold
to satisfy any of Purchaser’s tax withholding obligations under such statutes or regulations promulgated pursuant thereto. Seller is duly organized, validly existing and in good standing under the laws of the state of its organization. Seller
is authorized to transact business in the states in which the Property is located. Seller has full power and authority to enter into and perform this Agreement in accordance with its terms, and the persons executing this Agreement on behalf of
Seller have been duly authorized to do so. 
 (d) To the best of Seller’s knowledge: (i) the Property
is in full compliance with all applicable Environmental Laws (as defined below); (ii) the Property does not now contain and has not contained any underground storage tanks, landfills, or hazardous waste management facilities or any hazardous or
toxic substance or material which is regulated or controlled by any Environmental Law (collectively, “Hazardous Materials”), other than those associated with normal operation of pipeline compressor stations; (iii) the
Property is not listed on any state or federal environmental remediation 

  
 5 

 
priority list; and (iv) no claim, action, suit or proceeding is pending or threatened against Seller or any third party arising, either directly or indirectly, out of the presence or
discharge (whether intentional or unintentional) of any Hazardous Materials in, on, under, at, or about the Property, the violation of any Environmental Law, or the presence of any underground tanks. For the purposes of this Agreement,
“Environmental Law” means any law, statute, ordinance, rule, regulation or legal requirement in effect at the Effective Date and/or the Closing Date pertaining to (a) the protection of health, safety, or the environment;
(b) the conservation, management, protection, or use of natural resources and wildlife; (c) the protection or use of source water and groundwater; (d) the management, manufacture, possession, presence, use, generation, transportation,
treatment, storage, disposal, release, threatened release, abatement, removal, remediation, or handling of, or exposure to, any Hazardous Material; or (e) pollution (including any release to air, land, surface water and groundwater), and
includes, without limitation, the Comprehensive Environmental Response, Compensation and Liability Act of 1980, as amended by the Superfund Amendments and Reauthorization Act of 1986, 42 USC 9601 et seq., Solid Waste Disposal Act, as amended
by the Resource Conservation Act of 1976 and Hazardous and Solid Waste Amendments of 1984, 42 USC 6901 et seq., Federal Water Pollution Control Act, as amended by the Clean Water Act of 1977, 33 USC 1251 et seq., Clean Air Act of 1966,
as amended, 42 USC 7401 et seq., Toxic Substances Control Act of 1976, 15 USC 2601 et seq., Hazardous Materials Transportation Act, 49 USC App. 1801, Occupational Safety and Health Act of 1970, as amended, 29 USC 651 et seq.,
Oil Pollution Act of 1990, 33 USC 2701 et seq., Emergency Planning and Community Right-to-Know Act of 1986, 42 USC App. 11001 et seq., National Environmental Policy Act of 1969, 42 USC 4321 et seq., Safe Drinking Water Act of
1974, as amended by 42 USC 300(f) et seq., and any similar, implementing or successor law, and any amendment, rule, regulation, order or directive, issued thereunder. Seller shall indemnify, defend, and hold harmless Purchaser, its successors
and assigns, from and against any and all claims, losses, damages, penalties, and costs, including but not limited to reasonable attorney, engineering, expert, or other professional fees, arising out of or resulting from a breach of the
representations and warranties set forth in this Section. The foregoing indemnity shall survive Closing or termination of this Agreement. 
 (e) Neither the execution and delivery of this Agreement by Seller nor the consummation by Seller of the transactions contemplated hereby will (i) conflict with or breach any provisions of the
organizational documents of Seller; (ii) violate or breach any provision of, or constitute a default (or an event which, with notice or lapse of time or both, would constitute a default) under any note, bond, mortgage, indenture, deed of trust,
license, franchise, permit, lease, contract, agreement or other instrument, commitment or obligation to which Seller is a party, or by which Seller, the Property or any of Seller’s material assets may be bound; or (iii) violate any order,
writ, injunction, decree, judgment, statute, law or ruling of any court or governmental authority applicable to Seller, the Property or any of Seller’s material assets. 

(f) Seller is not aware of any violations of any laws, ordinances, rules, regulations, zoning, or other legal requirements
with respect to the Property except as have been disclosed to Purchaser. 

  
 6 

 (g) Neither this Agreement nor any Appendix nor any written statement
furnished or to be furnished by Seller to Purchaser in connection with the transactions contemplated by this Agreement contains or will contain any untrue statement of material fact or omits or will omit any known material fact necessary to make the
statements contained therein, in light of the circumstances under which they were made, not misleading. Seller shall furnish to Purchaser copies of any notice, claim, or demand received by Seller during the pendency of this Agreement that would
materially change any representation given by Seller herein. 
 (h) Seller shall not further encumber the
Property or allow an encumbrance upon the title to the Property, or modify the terms or conditions of any existing leases, contracts or encumbrances, if any, without the written consent of Purchaser. 

(i) Seller has not received written notice of any action, suit, arbitration, unsatisfied order or judgment, government
investigation or proceeding pending against Seller which, if adversely determined, could individually or in the aggregate materially interfere with the consummation of the transaction contemplated by this Agreement. 

(j) Seller is solvent, has not made a general assignment for the benefit of its creditors, and has not admitted in writing
its inability to pay its debts as they become due, nor has Seller filed, nor does it contemplate the filing of, any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings, or any other proceeding for the relief of debtors in
general, nor has any such proceeding been instituted by or against Seller, nor is any such proceeding to Seller’s knowledge threatened or contemplated. The sale of the Property will not render Seller insolvent. 

If, prior to the Closing, Purchaser discovers that any of the representations and warranties made by Seller in this Agreement were when
made, or have subsequently become, materially false or misleading and Seller does not, as to any false or misleading statement, cause at Seller’s expense a change in the underlying facts to make such statement no longer materially false or
misleading, then Purchaser shall have the option to either (i) waive objection to such false or misleading statement and proceed to Closing; or (ii) cancel this Agreement thereafter neither party shall have any further obligations to the
other hereunder (except with respect to obligations that are expressly to survive such termination). 
 6. Warranties and
Representations of Purchaser. Purchaser makes the following representations and warranties as of the Effective Date and as of Closing. 
 (a) Purchaser is duly organized, validly existing and in good standing under the laws of the state of its organization. Purchaser is authorized or shall obtain authorization to transact business in the
states in which the Property is located. Purchaser has full power and authority to enter into and perform this Agreement in accordance with its terms, and the persons executing this Agreement on behalf of Purchaser have been duly authorized to do
so. 
 (b) Purchaser has not received written notice of any action, suit, arbitration, unsatisfied order or
judgment, government investigation or proceeding pending against Purchaser which, if adversely determined, could individually or in the aggregate materially interfere with the consummation of the transaction contemplated by this Agreement.

  
 7 

 (c) Purchaser is solvent, has not made a general assignment for the benefit
of its creditors, and has not admitted in writing its inability to pay its debts as they become due, nor has Purchaser filed, nor does it contemplate the filing of, any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings,
or any other proceeding for the relief of debtors in general, nor has any such proceeding been instituted by or against Purchaser, nor is any such proceeding to Purchaser’s knowledge threatened or contemplated. The purchase of the Property will
not render Purchaser insolvent. 
 If, prior to the Closing, Seller discovers that any of the representations and warranties made by Purchaser
in this Agreement were when made, or have subsequently become, materially false or misleading and Purchaser does not, as to any false or misleading statement, cause at Purchaser’s expense a change in the underlying facts to make such statement
no longer materially false or misleading, then Seller shall have the option to either (i) waive objection to such false or misleading statement and proceed to Closing; or (ii) cancel this Agreement and thereafter neither party shall have
any further obligations to the other hereunder (except with respect to obligations that are expressly to survive such termination). 
 7. Conditions to Obligations of Seller 
 The obligations of Seller to
consummate the transactions contemplated by this Agreement shall be subject to the fulfillment as of the Closing Date of each of the following conditions: 
 (a) All warranties and representations of Purchaser contained in this Agreement shall, as of the Effective Date and the Closing Date, be true and correct, except for any such failure of warranties and
representations to be true and correct that, individually or in the aggregate, would not be reasonably likely to result in a material adverse affect to Seller. 
 (b) Purchaser shall have performed and complied in all material respects with all covenants and agreements required by this Agreement to be performed or complied with by it on or prior to the Closing
Date. 
 (c) There shall have been obtained by Seller an order from the FERC, in form and substance satisfactory
to Seller, authorizing Seller to abandon the Property to be conveyed to Purchaser and to construct facilities and enter into all arrangements necessary to provide adequate natural gas service to Seller’s existing customers who receive natural
gas services that utilize the Property. 

  
 8 

 8. Conditions to Obligations of Purchaser 

The obligations of Purchaser to consummate the transactions contemplated by this Agreement shall be subject to the fulfillment as of the
Closing Date of each of the following conditions: 
 (a) All warranties and representations of Seller contained
in this Agreement shall, as of the Effective Date and the Closing Date, be true and correct, except for any such failure of warranties and representations to be true and correct that, individually or in the aggregate, would not be reasonably likely
to result in a material adverse affect to Purchaser. 
 (b) Seller shall have performed and complied in all
material respects with all covenants and agreements required by this Agreement to be performed or complied with by it on or prior to the Closing Date. 
 (c) No throughput and deficiency agreements between Purchaser and its prospective shippers shall have been terminated by either party to those agreements pursuant to the terms and conditions of those
agreements. 
 (d) No joint tariff agreements between Purchaser and upstream pipelines shall have been terminated
by either party to those agreements pursuant to the terms and conditions of those agreements. 
 9. Closing. 

(a) The consummation of the purchase and sale of the Property (the “Closing”) shall take place at the
offices of Seller within 30 days following the date of written notice by Seller to Purchaser that Seller has completed its abandonment of the Pipeline and Related Facilities pursuant to FERC authorization and they are ready to be physically
transferred and legally conveyed to Purchaser (the “Closing Date”), or such other date mutually agreed to by the Seller and Purchaser 
 (b) At the Closing, Seller, at its own cost and expense, shall deliver to Purchaser all documents and items as are contemplated to be delivered by Seller to Purchaser at the Closing pursuant to the other
provisions of this Agreement. 
 (c) Upon Seller’s delivery of the foregoing, Purchaser shall deliver to
Seller the Consideration required under Section 3(a) of this Agreement (less any credits to which Purchaser is entitled pursuant to the terms hereof). 
 10. Prorations and Credits to be Made at Closing. 
 (a) All
normal and customarily proratable items, including without limitation real estate taxes, assessments, utility bills, and insurance premiums, shall be prorated as of the Closing Date, Seller being charged and credited for all of the same up to such
date and Purchaser being charged and credited for all of same on and after such date. If the actual amounts to be prorated are not known as of the Closing Date, the prorations shall be made on the basis of the best evidence then available, and
thereafter, when actual figures are received, a cash settlement shall be made between Seller and Purchaser. All deposits shall be credited against the Consideration in lieu of assigning such deposits to Purchaser. The provisions of this Section
shall survive the Closing. 

  
 9 

 (b) If Seller changes the use of the Property before Closing or if a denial
of a special valuation on the Property claimed by Seller results in the assessment of additional taxes, penalties, or interest (assessments) for the periods before Closing, the assessments will be the obligations of the Seller. If this sale or
Purchaser’s use of the Property after Closing results in additional assessments for periods before Closing, the assessments will be the obligation of Purchaser. The provisions of this Section shall survive the Closing. 

11. Indemnities. Seller hereby indemnifies Purchaser as owner of the Property against, and agrees to defend and hold Purchaser
harmless from and against, any and all third party obligations, liabilities, claims, suits, debts, accounts, liens or encumbrances, and all costs and expenses, including reasonable attorneys’ fees relating thereto, that Purchaser may suffer or
incur and that result from the ownership or operation of the Property prior to the Closing. Purchaser hereby indemnifies Seller as owner of the Property against, and agrees to defend and hold Seller harmless from and against, any and all third party
obligations, liabilities, claims, suits, debts, accounts, liens or encumbrances and all costs and expenses, including reasonable attorneys’ fees relating thereto, that Seller may suffer or incur and that result from Purchaser’s ownership
or operation of the Property after the Closing. The provisions of this Section 11 shall survive the Closing for a period of three years. 
 12. Remedies. 
 (a) In the event the purchase and sale of
the Property is not consummated after the expiration of the Contingency Period because of default by Purchaser (willful or otherwise), or a condition to Seller’s obligations has not been fulfilled, then Seller may, as its sole and exclusive
remedy, terminate this Agreement. 
 (b) In the event the purchase and sale of the Property is not consummated
because of default by Seller (willful or otherwise), or a condition to Purchaser’s obligations has not been fulfilled, then Purchaser may, in addition to all other remedies Purchaser may have at law or in equity, (i) terminate this
Agreement, (ii) enforce specific performance of this Agreement, or (iii) pursue such other remedies as may be available to Purchaser at law or in equity. 

(c) The provisions of this Section shall survive the Closing or termination of this Agreement. 

13. Notices. All notices, requests or permissions required or permitted to be given to either Purchaser or Seller under the terms
of this Agreement shall be sufficient if they are in writing and (a) mailed registered or certified mail, return receipt requested, (b) delivered in person, or (c) sent electronically by email or fax, as follows: 

 

			
	 To Seller:
	  	 Kinder Morgan Interstate Gas Transmission LLC

370 Van Gordon Street

Lakewood, CO 80228

Attention: General Counsel

  
 10 

 To
Purchaser:                        Kinder Morgan Pony Express Pipeline LLC 

370 Van Gordon Street 
 Lakewood, CO 80228 
 Attention: General Counsel 

Mailed notices shall be deemed delivered and effective five (5) days following the date when placed in the United States mail,
certified or registered mail, return receipt requested, postage prepaid. All notices delivered by overnight courier, by telecopy or telefax, or in person shall be deemed delivered upon receipt at the above addresses. 

14. Assignment. Purchaser shall have the right to assign or otherwise transfer its interest in this Agreement. In the event of any
such assignment, such assignee shall assume in writing all of the obligations of Purchaser under this Agreement, and upon such assumption, Purchaser shall be deemed to be relieved of and released from all of its obligations and liabilities under
this Agreement, whether then existing or thereafter arising. 
 15. Miscellaneous. 

(a) This Agreement shall be construed and interpreted in accordance with the laws of the State of Colorado. 

(b) Time is of the essence as to all matters contained in the Agreement. 

(c) If the final day of any time period or limitation set out in any provision of this Agreement falls on a Saturday,
Sunday or legal holiday recognized by the United States government or the State of Colorado, then and in such event the time of such period or limitation shall be extended to the next day which is not a Saturday, Sunday or such legal holiday.

 (d) This Agreement may be executed in any number of counterparts, each of which, when executed and delivered,
shall be an original, but such counterparts shall together constitute one and the same instrument. 
 (e) This
Agreement may not be modified or amended except by a subsequent agreement in writing signed by both Seller and Purchaser. Purchaser and Seller may waive any of the conditions herein or any of the obligations of the other party hereunder, but any
such waiver shall be effective only if in writing and signed by the party waiving such condition or obligation. 

(f) This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective heirs,
successors, legal representatives and assigns. 
 (g) This Agreement, including the appendices, schedules, and
attachments attached thereto (all of which shall be deemed incorporated into this Agreement by reference), constitutes the entire agreement and understanding between the parties hereto and supersedes all prior and contemporaneous agreements and
understandings of the parties in connection therewith. No statements, agreements or understandings, 

  
 11 

 
representations, warranties or conditions not expressed in this Agreement shall be binding upon the parties hereto, or shall be effective to interpret, change or restrict the provisions of this
Agreement unless such is in writing signed by the party against whom enforcement thereof is sought. 
 (h) If
any term, covenant, or condition of this Agreement or the application thereof to any person or circumstance is, to any extent, invalid, illegal, or unenforceable, the remainder of this Agreement, or the application of such term, covenant, or
condition to parties or circumstances other than those to which it is held invalid, illegal, or unenforceable, is not affected thereby and each term, covenant, and condition of this Agreement remains valid and enforceable to the fullest extent
permitted by law, but only if the essential terms and conditions of this Agreement for each party remain valid, binding, and enforceable. 
 (i) EACH PARTY KNOWINGLY, VOLUNTARILY, AND INTENTIONALLY WAIVES ITS RIGHT TO A TRIAL BY JURY TO THE EXTENT PERMITTED BY LAW IN ANY ACTION OR OTHER LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS
AGREEMENT AND THE TRANSACTIONS IT CONTEMPLATES. THIS WAIVER APPLIES TO ANY ACTION OR OTHER LEGAL PROCEEDING, WHETHER SOUNDING IN CONTRACT, TORT, OR OTHERWISE. EACH PARTY ACKNOWLEDGES THAT IT HAS RECEIVED THE ADVICE OF COMPETENT COUNSEL. 

[SIGNATURES ON FOLLOWING PAGE] 

  
 12 

 IN WITNESS WHEREOF, this instrument has been executed by the parties hereto as of the date
set forth below, but effective as of the Effective Date. 
  

			
	 SELLER:
  

KINDER MORGAN INTERSTATE GAS

TRANSMISSION LLC

		
	By:	 	/s/ Randy M. Holstlaw
	Name:	 	Randy M. Holstlaw
	Title:	 	Vice President
	
	PURCHASER:
	
	KINDER MORGAN PONY EXPRESS PIPELINE LLC
		
	By:	 	/s/ John Eagleton
	Name:	 	John Eagleton
	Title:	 	Vice President

 APPENDIX A 
 ASSIGNMENT, CONVEYANCE AND BILL OF SALE 
 THIS ASSIGNMENT, CONVEYANCE AND
BILL OF SALE (this “Assignment”) is executed on this             , 2012, but is made effective for all purposes as of     AM Mountain Time on
            , 2012 (the “Effective Time”) by and among KINDER MORGAN INTERSTATE GAS TRANSMISSION LLC, a Colorado limited liability company with an address of 370 Van Gordon
Street, Lakewood, Colorado 80228, (“ASSIGNOR”) and KINDER MORGAN PONY EXPRESS PIPELINE LLC, a Delaware limited liability company with an address of 370 Van Gordon Street, Lakewood, Colorado 80228 (“ASSIGNEE”).

 1. NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged and
confessed, ASSIGNOR hereby conveys, delivers, assigns, and transfers to ASSIGNEE, effective as of the Effective Time, regardless of the date of execution, all of ASSIGNOR’s right, title and interest in and to, together with all privileges
appurtenant thereto, including, but not limited to, all fixtures, pipelines and improvements located thereon, the assets listed and more particularly described on Exhibit “A” attached hereto and made a part hereof (the “Subject
Assets”). 
 TO HAVE AND TO HOLD the Subject Assets unto ASSIGNEE, its successors and assigns forever. 

2. Subject to and in accordance with the terms and conditions of this Assignment, ASSIGNEE hereby assumes all of the liabilities of
Assignor under the Subject Assets. 
 3.ASSIGNEE acknowledges that in accepting this Assignment, ASSIGNEE has relied solely on
the terms and conditions and representations, warranties, and covenants contained in this Assignment. 
 4. If there are
prohibitions against or conditions to the conveyance of one or more portions of the Subject Assets without the prior written consent of third parties (other than consents of a ministerial nature which are normally granted in the ordinary course of
business) that, if not satisfied, would result in a breach thereof by Assignor or would give a third party the right to terminate Assignor’s or Assignee’s rights with respect to such Subject Assets (any such prohibition or condition being
herein called a “Restriction”), then notwithstanding anything herein to the contrary, the transfer of title to, or interest in, such portion of the Subject Assets through this Assignment shall not become effective unless and until
such Restriction is satisfied or waived by the parties hereto, or becomes otherwise inoperable or unenforceable. When and if such Restriction is so satisfied, waived or removed, the assignment of such portion of the Subject Assets as may be subject
thereto shall become effective automatically as of the date of this Assignment, without further action on the part of Assignor or Assignee, respectively. Until such Restriction can be satisfied or waived, or becomes otherwise inoperable or
unenforceable, Assignor shall, as of and from the Effective Date (a) hold such Subject Assets in trust for Assignee and (i) perform the covenants and obligations thereunder in Assignor’s name and all benefits and obligations existing

  
 14 

 thereunder shall be for Assignee’s account (subject to an agreement between Assignor and Assignee
regarding the allocation of costs related thereto), or (ii) to the extent permitted by the terms of the agreements underlying such Subject Assets, authorize Assignee to perform obligations and receive all the benefits of Assignor under such
Subject Assets, or (b) enter into such other mutually agreeable arrangements with Assignee and/or the appropriate third party that would otherwise allow Assignee to receive all benefits of Assignor under the Subject Assets. 

5. Assignor does hereby covenant and agree to indemnify, defend and hold Assignee harmless from and against any and all costs, expenses
(including, without limitation, reasonable attorneys’ fees, related legal expenses and costs of court), losses, liabilities and damages which Assignee may suffer by reason of any claim or cause of action accruing prior to the Effective Time and
directly or indirectly arising out of the ownership and/or operation of the Subject Assets. 
 6. This Assignment shall be
binding upon and inure to the benefit of the respective designees, successors and permitted assigns of the ASSIGNOR and ASSIGNEE, and may be executed in a number of identical counterparts, each of which for all purposes is to be deemed as original,
and all of which constitute, collectively, one instrument. 
 7. This Assignment, Conveyance and Bill of Sale shall be governed
by and construed in accordance with the laws of the state in which the Subject Assets are located. 
 IN WITNESS WHEREOF, the
parties hereto have caused this instrument to be duly executed on date first set forth above but is hereby made effective for all purposes as of the Effective Time. 

 

			
	ASSIGNOR:
	
	KINDER MORGAN INTERSTATE GAS TRANSMISSION LLC
		
	By:	 	 
	Name:	 	
	Its:	 	
	
	ASSIGNEE:
	
	KINDER MORGAN PONY EXPRESS PIPELINE LLC
		
	By:	 	 
	Name:	 	
	Its:	 	

  
 15 

			
	 THE STATE OF
                    
	  	 §

		  	 §

	 COUNTY OF
                    
	  	 §

 BEFORE ME, the undersigned authority, on this
            day of             , 2012 appeared
                    , the                     of
Kinder Morgan Interstate Gas Transmission LLC, a Colorado limited liability company, known to me to be the person whose name is subscribed to the foregoing instrument, and acknowledged to me that he executed the same for the purposes and
consideration therein expressed, in the capacity therein stated and as the act and deed of the limited liability company. 
 GIVEN UNDER MY HAND AND SEAL OF OFFICE this the              day of             ,
2012. 
  

	
	 
	 Notary Public in and for the

	 State of
                                    

	 Name:
                                         
                   

	 My Commission Expires:
                             

  

			
	 THE STATE OF
                    
	  	 §

		  	 §

	 COUNTY OF
                    
	  	 §

 BEFORE ME, the undersigned authority, on this
             day of             , 2012 appeared
                    , the                     of
Kinder Morgan Pony Express Pipeline LLC, a Delaware limited liability company, known to me to be the person whose name is subscribed to the foregoing instrument, and acknowledged to me that he executed the same for the purposes and consideration
therein expressed, in the capacity therein stated and as the act and deed of the limited liability company. 

GIVEN UNDER MY HAND AND SEAL OF OFFICE this the            
day of             , 2012. 
  

	
	 
	 Notary Public in and for the

	 State of
                                    

	 Name:
                                         
                   

	 My Commission Expires:
                             

 GENERAL CONVEYANCE, ASSIGNMENT, AND BILL OF SALE 

EXHIBIT A 
 Subject Assets 

  
 B-1

 APPENDIX B 
 SPECIAL WARRANTY DEED 
 KINDER MORGAN INTERSTATE GAS TRANSMISSION LLC, a Colorado limited
liability company, with an address of 370 Van Gordon Street, Lakewood, Colorado 80228 (“GRANTOR”), County of Jefferson and State of Colorado, for and in consideration of Five Dollars ($5.00) and other good and valuable consideration, in
hand paid, hereby sells and conveys to KINDER MORGAN PONY EXPRESS PIPELINE LLC, a Delaware limited liability company (“GRANTEE”), whose legal address is 370 Van Gordon, Lakewood, Colorado 80228 of the County of Jefferson and State of
Colorado, the parcels of real estate situated in                     County, State of
                    , more particularly described as follows (the “Properties”), together with all of Grantor’s right, title and
interest, if any, in and to (i) all improvements located on the Properties, and (ii) all and singular, the rights and appurtenances pertaining to the Properties: 
 This conveyance is subject to all matters recorded in the real property records of
                    County, State of
                    and all matters that would be revealed by a current, on the ground survey of the Properties. 

Grantor warrants the title against all persons claiming by, through or under the Grantor but not otherwise. 

Signed this
                    day of             , 2012. 

 

	GRANTOR:	KINDER MORGAN INTERSTATE 

	                    GAS	TRANSMISSION LLC 

  

			
	 By:
	 	  

 STATE OF COLORADO     ) 

                         
               ) ss. 
 COUNTY OF
JEFFERSON ) 
 The foregoing instrument was acknowledged before me this     day
of             2012, by                 of Kinder Morgan Interstate Gas Transmission LLC, a Colorado limited
liability company. 
 Witness my hand and official seal. 

 

					
		  		  	  

  
  

My commission expires:                     

 Notary Public 

  
 B-2

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