Document:

Exhibit 10.17

CLASS D UNIT AND UNIT
PURCHASE AGREEMENT

BY AND AMONG

LINN ENERGY, LLC

AND

THE PURCHASERS NAMED
HEREIN

CLASS D UNIT AND UNIT
PURCHASE AGREEMENT

CLASS D UNIT AND UNIT PURCHASE AGREEMENT, dated as of
June 29, 2007 (this “Agreement”), by and among LINN ENERGY, LLC, a
Delaware limited liability company (“Linn Energy”), and each of the
purchasers named in Schedule 2.01 to this Agreement (each such purchaser a “Purchaser” and,
collectively, the “Purchasers”).

WHEREAS, simultaneously with the execution of this
Agreement, Linn Energy is entering into a definitive purchase agreement to
acquire indirectly all of Dominion’s right, title and interest in and to
certain oil and gas properties and related assets described in the Dominion
Acquisition Agreement upon the terms and conditions and for the consideration
set forth in the Dominion Acquisition Agreement (the “Dominion Acquisition”);

WHEREAS, Linn Energy desires to finance a portion of
the Dominion Acquisition through the sale of an aggregate of $1,500,000,380.60
of Class D Units and Units and the Purchasers desire to purchase severally an
aggregate of $1,500,000,380.60 of Units and Class D Units from Linn Energy,
each in accordance with the provisions of this Agreement;

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

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

WHEREAS, the Voting Agreement in the form attached as Exhibit
D (the “Unitholder Voting Agreement”) has been executed by
Michael C. Linn, Kolja Rockov, Mark A. Ellis, Lisa D. Anderson,
Charlene A. Ripley and Roland P. Keddie pursuant to which each such
unitholder of Linn Energy has unconditionally and irrevocably agreed to vote
all of the Units owned by it in favor of the conversion of Class D Units
into Units as contemplated by Section 5.01 of this Agreement.

NOW THEREFORE, in consideration of the mutual
covenants and agreements set forth herein and for good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged,
Linn Energy and each of the Purchasers, severally and not jointly, hereby agree
as follows:

ARTICLE I

DEFINITIONS

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

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

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

“Affiliate” means, with respect to a specified
Person, any other Person, whether now in existence or hereafter created,
directly or indirectly controlling, controlled by or under direct or indirect
common control with such specified Person. 
For purposes of this definition, “control” (including, with correlative
meanings, “controlling”, “controlled by” and “under common control with”) means
the power to direct or cause the direction of the management and policies of
such Person, directly or indirectly, whether through the ownership of voting
securities, by contract or otherwise.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

“Dominion” means Dominion Resources, Inc., a
Virginia corporation.

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

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“Dominion Acquisition Agreement” means that
certain Mid-Continent Onshore Package Purchase Agreement dated June 29,
2007, by and between Dominion Exploration & Production, Inc., a corporation
organized under the Laws of Delaware, Dominion Oklahoma Texas Exploration &
Production, Inc., a corporation organized under the Laws of Delaware, LDNG
Texas Holdings, LLC, a limited liability company organized under the laws of
Oklahoma, and DEPI Texas Holdings, LLC, a limited liability company organized
under the laws of Delaware, and Linn Energy, which is attached hereto as Exhibit
H.

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

“Escrow Agreement” means the escrow agreement to
be entered into no less than seven (7) days prior to the Closing Date (or such
other period of time reasonably acceptable to the Purchasers) among Linn
Energy, the Purchasers named therein and an escrow agent, which shall contain
reasonable and customary terms to be approved by Linn Energy and such
Purchasers.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

“Lock-Up Date” means sixty (60) days following
the date that a registration statement under the Securities Act is declared
effective by the Commission to permit resale of the Units sold in the June 1,
2007 private placement.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

“Short Sales” means, without limitation, all “short
sales” as defined in Rule 200 promulgated under Regulation SHO under the
Exchange Act, whether or not against the box, and forward sale contracts,
options, puts, calls, short sales, “put equivalent positions” (as defined in
Rule 16a-1(h) under the Exchange Act) and similar arrangements, and sales and
other transactions through non-U.S. broker dealers or foreign regulated
brokers.

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

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

“Transfer Agent” means Computershare Trust Company,
N.A. in its capacity as transfer agent for the Units.

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

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

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

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

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

ARTICLE II

SALE AND
PURCHASE

Section 2.01.          Sale
and Purchase.  Contemporaneously with
the consummation of the Dominion Acquisition and subject to the terms and
conditions of this Agreement, at the Closing, Linn Energy hereby agrees to
issue and sell to each Purchaser, and each Purchaser hereby agrees, severally
and not jointly, to purchase from Linn Energy, the dollar amount of Purchased
Units and Purchased Class D Units, respectively, set forth opposite its name on
Schedule 2.01 hereto.  Each
Purchaser agrees to pay Linn Energy the Unit Price for each Purchased Unit and
the Class D Unit Price for each Purchased Class D Unit, in each case as
set forth in Section 2.01(c).  The
respective obligations of each Purchaser under this Agreement are several and
not joint with the obligations of any other Purchaser, and no Purchaser shall
be responsible in any way for the performance of the obligations of any other
Purchaser under this Agreement.  The
failure or waiver of performance under this Agreement by any Purchaser, or on
its behalf, does not excuse performance by any other Purchaser.  Nothing contained herein or in any other
Basic Document, and no action taken by any Purchaser pursuant thereto, shall be
deemed to constitute the Purchasers as a partnership, an association, a joint
venture or any other kind of entity, or create a presumption that the Purchasers
are in any way acting in concert or as a group with respect to such obligations
or the transactions contemplated by any Basic Document.  Except as otherwise provided in this
Agreement or the other Basic Documents, each Purchaser shall be entitled to
independently protect and enforce its rights, including the rights arising out
of this Agreement or out of the other Basic Documents, and it shall not be
necessary for any other Purchaser to be joined as an additional party in any
proceeding for such purpose.

(a)           Units.  The number of Purchased Units to be issued
and sold to each Purchaser shall be equal to the quotient determined by
dividing (i) the amount for such Purchaser under the column entitled “Units” on
Schedule 2.01 by (ii) the Unit Price (as defined in
Section 2.01(c) below), which quotient shall be rounded, if necessary,
down to the nearest whole number; provided, however,
that each Purchaser (i) acknowledges that in no event shall Linn Energy issue
to the Purchasers an aggregate number of Units in excess of 19.9% of Linn
Energy’s outstanding Units immediately prior to such issuance (the “Permitted
Amount”) and (ii) agrees to decrease the aggregate number of Units and
increase the aggregate number of Class D Units to the extent required to
cause the number of Units issued to be less than the Permitted Amount.  The Purchased Units shall have those rights,
preferences, privileges and restrictions governing the Units as set forth in
the Second Amended and Restated Limited 

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Liability Company Agreement of Linn Energy, dated as of
January 19, 2006 (the “Limited Liability Company Agreement”), as
amended by an amendment to the Limited Liability Company Agreement, in all
material respects in the form of Exhibit A to this Agreement, which Linn
Energy will cause to be adopted immediately prior to the issuance and sale of
Class D Units contemplated by this Agreement (the “Class D Amendment”).  References herein to the Limited Liability
Company Agreement shall include or exclude the Class D Amendment as the context
requires.

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

(c)           Consideration.  The amount per Unit each Purchaser will pay
to Linn Energy to purchase the Purchased Units (the “Unit Price”) shall
be $32.  The amount per Class D Unit each
Purchaser will pay to Linn Energy to purchase the Purchased Class D Units (the “Class
D Unit Price”) shall be $30.97.

(d)           Funding
into Escrow. Each Purchaser shall deposit its Commitment Amount into an
escrow account established under the Escrow Agreement no later than two
Business Days prior to the Closing Date. On the Closing Date, upon receipt of
satisfactory evidence that the conditions set forth in Article VI have been
satisfied or waived, pursuant to Section 2.02, each such Purchaser shall
deliver notice to the Escrow Agent (as such term is defined in the Escrow
Agreement) to promptly and timely release the funds escrowed under the Escrow
Agreement to Linn Energy.

Section 2.02.          Closing.  The execution and delivery of the Basic
Documents (other than this Agreement), the delivery of certificates
representing the Purchased Class D Units and the Purchased Units, the release
of the funds escrowed under the Escrow Agreement by each Purchaser pursuant to
the terms of the Escrow Agreement, and the execution and delivery of all other
instruments, agreements and other documents required by this Agreement (the “Closing”)
shall take place on a date (the “Closing Date”) concurrent with the
Dominion Closing Date, but on or prior to November 1, 2007, provided that Linn
Energy shall have given each Purchaser five (5) Business Days (or such shorter
period as shall be agreeable to the Parties) prior notice of such designated
Closing Date, at the offices of Vinson & Elkins L.L.P., 1001 Fannin Street,
Suite 2500, Houston, Texas 77002.

ARTICLE III

REPRESENTATIONS
AND WARRANTIES OF LINN ENERGY

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

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Section 3.01.          Corporate
Existence.  Linn Energy: (i) is a
limited liability company duly organized, validly existing and in good standing
under the Laws of the State of Delaware; (ii) has all requisite limited
liability company power, and has all material governmental licenses,
authorizations, consents and approvals, necessary to own its Properties and
carry on its business as its business is now being conducted as described in
the Linn Energy SEC Documents, except where the failure to obtain such
licenses, authorizations, consents and approvals would not reasonably be
expected to have a Linn Energy Material Adverse Effect; and (iii) is qualified
to do business in all jurisdictions in which the nature of the business
conducted by it makes such qualifications necessary, except where failure so to
qualify would not reasonably be expected to have a Linn Energy Material Adverse
Effect.

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

(a)           As
of the date of this Agreement, and prior to the issuance and sale of the
Purchased Class D Units and the Purchased Units, the issued and outstanding
membership interests of Linn Energy consist of 65,605,765 Units.  All of the outstanding Units have been duly
authorized and validly issued in accordance with applicable Law and the Limited
Liability Company Agreement and are fully paid (to the extent required under
the Limited Liability Company Agreement) and non-assessable (except as such
non-assessability may be affected by Section 18-607 of the Delaware Limited
Liability Company Act (the “Delaware LLC Act”).

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

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

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

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

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

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

(g)           The
Purchased Units shall have those rights, preferences, privileges and
restrictions governing the Units as set forth in the Limited Liability Company
Agreement, as amended by the Class D Amendment. 
A true and correct copy of the Limited Liability Company Agreement, as
amended through the date hereof (but excluding the Class D Amendment), has been
filed by Linn Energy with the Commission on January 19, 2006 as
Exhibit 3.1 to Linn Energy’s Current Report on Form 8-K, as
amended by Amendment No. 1 to Second Amended and Restated Limited
Liability Company Agreement of Linn Energy, LLC filed with the Commission on
October 25, 2006 as Exhibit 4.1 to Linn Energy’s Current Report on
Form 8-K and Amendment No. 2 to Second Amended and Restated
Limited Liability Company Agreement of Linn Energy, LLC filed with the
Commission on February 5, 2007 as Exhibit 4.1 to Linn 

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Energy’s Current Report on Form 8-K. 
The Purchased Class D Units shall have those rights, preferences,
privileges and restrictions governing the Class D Units, which shall be
reflected in the Limited Liability Company Agreement, as amended by the Class D
Amendment.

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

Section 3.04.          No
Material Adverse Change.  Except as
set forth in or contemplated by the Linn Energy SEC Documents, and except for
the proposed Dominion Acquisition, which has been disclosed to, and discussed
with, each of the Purchasers, since December 31, 2006, Linn Energy and its
Subsidiaries have conducted their business in the ordinary course, consistent
with past practice, and there has been no (i) change that has had or would
reasonably be expected to have a Linn Energy Material Adverse Effect (ii)
acquisition or disposition of any material asset by Linn Energy or any of its
Subsidiaries or any contract or arrangement therefor, otherwise than for fair
value in the ordinary course of business, (iii) material change in Linn Energy’s
accounting principles, practices or methods or (iv) incurrence of material
indebtedness (other than the incurrence of such indebtedness as is contemplated
in connection with the Dominion Acquisition).

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

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Section 3.06.          No
Breach.  The execution, delivery and
performance by Linn Energy of the Basic Documents to which it is a party and
all other agreements and instruments in connection with the transactions
contemplated by the Basic Documents, and compliance by Linn Energy with the
terms and provisions hereof and thereof, do not and will not (a) violate any
provision of any Law, governmental permit, determination or award having
applicability to Linn Energy or any of its Subsidiaries or any of their
respective Properties, (b) conflict with or result in a violation of any
provision of the Certificate of Formation of Linn Energy or the Limited
Liability Company Agreement or any organizational documents of any of Linn
Energy’s Subsidiaries, (c) require any consent, approval or notice under or
result in a violation or breach of or constitute (with or without due notice or
lapse of time or both) a default (or give rise to any right of termination, cancellation
or acceleration) under (i) any note, bond, mortgage, license, or loan or credit
agreement to which Linn Energy or any of its Subsidiaries is a party or by
which Linn Energy or any of its Subsidiaries or any of their respective
Properties may be bound or (ii) any other agreement, instrument or obligation,
or (d) result in or require the creation or imposition of any Lien upon or with
respect to any of the Properties now owned or hereafter acquired by Linn Energy
or any of its Subsidiaries, except in the cases of clauses (a) and (c) where
such violation, default, breach, termination, cancellation, failure to receive
consent or approval, or acceleration with respect to the foregoing provisions
of this Section 3.06 would not, individually or in the aggregate, reasonably be
expected to have a Linn Energy Material Adverse Effect.

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

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

Section 3.09.          MLP
Status.  Linn Energy met for the
taxable year ended December 31, 2006, and Linn Energy expects to meet for the taxable
year ending December 31, 2007, the gross income requirements of Section
7704(c)(2) of the Code, and
accordingly Linn Energy is not, and 

 11
 

does not reasonably expect to
be, taxed as a corporation for U.S. federal income tax purposes or for
applicable tax purposes.  Linn Energy
indicated in the Form K-1 for the year ended December 31, 2006, that its
Unitholders may be subject to state income taxes in the following
jurisdictions: California, New York, Oklahoma, Pennsylvania, Texas, Virginia
and West Virginia.

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

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

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

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

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

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

Section 3.16.          Internal
Accounting Controls.  Except as
disclosed in the Linn Energy SEC Documents, Linn Energy and its Subsidiaries
maintain a system of internal accounting 

 12
 

controls sufficient to provide reasonable assurance that (i)
transactions are executed in accordance with management’s general or specific
authorizations, (ii) transactions are recorded as necessary to permit
preparation of financial statements in conformity with GAAP and to maintain
asset accountability, (iii) access to assets is permitted only in accordance
with management’s general or specific authorization and (iv) the recorded
accountability for assets is compared with the existing assets at reasonable
intervals and appropriate action is taken with respect to any differences.

Section 3.17.          Preemptive
Rights or Registration Rights. 
Except (i) as set forth in the Limited Liability Company Agreement, (ii)
as set forth in the other organizational documents of Linn Energy and its
Subsidiaries, (iii) as provided in the Basic Documents or (iv) for existing
awards under Linn Energy’s Long-Term Incentive Plan and Memorandum of
Understanding Regarding Compensation Arrangements, there are no preemptive
rights or other rights to subscribe for or to purchase, nor any restriction
upon the voting or transfer of, any capital stock or limited liability company
or membership interests of Linn Energy or any of its Subsidiaries, in each case
pursuant to any other agreement or instrument to which any of such Persons is a
party or by which any one of them may be bound. 
Neither the execution of this Agreement nor the issuance of the
Purchased Class D Units or the Purchased Units as contemplated by this
Agreement or the conversion of the Class D Units into Units gives rise to any
rights for or relating to the registration of any securities of Linn Energy,
other than pursuant to the Registration Rights Agreement.

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

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

 13
 

ARTICLE IV

REPRESENTATIONS
AND WARRANTIES OF EACH PURCHASER

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

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

Section 4.02.          No
Breach.  The execution, delivery and
performance by such Purchaser of the Basic Documents to which it is a party and
all other agreements and instruments in connection with the transactions
contemplated by the Basic Documents to which it is a party, and compliance by
such Purchaser with the terms and provisions hereof and thereof and the
purchase of the Purchased Class D Units and the Purchased Units by such
Purchaser do not and will not (a) violate any provision of any Law,
governmental permit, determination or award having applicability to such Purchaser
or any of its Properties, (b) conflict with or result in a violation of any
provision of the organizational documents of such Purchaser or (c) require any
consent (other than standard internal consents), approval or notice under or
result in a violation or breach of or constitute (with or without due notice or
lapse of time or both) a default (or give rise to any right of termination,
cancellation or acceleration) under (i) any note, bond, mortgage, license, or
loan or credit agreement to which such Purchaser is a party or by which such
Purchaser or any of its Properties may be bound or (ii) any other such
agreement, instrument or obligation, except in the case of clauses (a) and (c)
where such violation, default, breach, termination, cancellation, failure to
receive consent or approval, or acceleration with respect to the foregoing
provisions of this Section 4.02 would not, individually or in the aggregate,
reasonably be expected to have a Purchaser Material Adverse Effect.

Section 4.03.          Investment.  The Purchased Class D Units and the Purchased
Units are being acquired for such Purchaser’s own account, or the accounts of
clients for whom such Purchaser exercises discretionary investment authority
(all of whom such Purchaser represents and warrants are “accredited investors”
within the meaning of Rule 501 of Regulation D promulgated by the Commission
pursuant to the Securities Act), not as a nominee or agent, and with no present
intention of distributing the Purchased Class D Units or the Purchased Units or
any part thereof, and such Purchaser has no present intention of selling or
granting any participation in or otherwise distributing the same in any
transaction in violation of the securities Laws of the United States of America
or any state, without prejudice, however, to such Purchaser’s right at all
times to sell or otherwise dispose of all or any part of the Purchased
Class D Units or the Purchased Units under a registration statement under
the Securities Act and applicable state securities Laws or under an exemption
from such registration available thereunder (including, if available, Rule 144
promulgated thereunder).  If such
Purchaser should in the future decide to dispose of any of the Purchased Class
D Units or the Purchased Units, 

 14
 

such Purchaser understands and agrees (a) that it may do so only (i) in
compliance with the Securities Act and applicable state securities Law, as then
in effect, or pursuant to an exemption therefrom or (ii) in the manner
contemplated by any registration statement pursuant to which such securities
are being offered, and (b) that stop-transfer instructions to that effect will
be in effect with respect to such securities. 
Notwithstanding the foregoing, each Purchaser may at any time enter into
one or more total return swaps with respect to such Purchaser’s Purchased
Class D Units or Purchased Units or transfer its units to a swap
counterparty provided that such transactions are exempt from registration under
the Securities Act.  Notwithstanding the foregoing, with
respect to Goldman, Sachs & Co., the restrictions contained in this Section
4.03 shall only apply to the Goldman Sachs Principal Strategies Group, as
currently configured, and shall not restrict or limit the activities of any
area or division of Goldman, Sachs & Co. or any of its Affiliates, other
than Goldman Sachs Principal Strategies Group, as currently configured.  For the avoidance of doubt, with respect to
Morgan Stanley & Co. Incorporated, the restrictions contained in this
Section 4.03 shall only apply to MSDW Strategic Investments Inc., as
currently configured, and shall not restrict or limit the activities of any
area or division of Morgan Stanley & Co. Incorporated or any of its
Affiliates, other than MSDW Strategic Investments, Inc., as currently configured.

Section 4.04.          Nature
of Purchaser.  Such Purchaser
represents and warrants to, and covenants and agrees with, Linn Energy that (a)
it is an “accredited investor” within the meaning of Rule 501 of Regulation D
promulgated by the Commission pursuant to the Securities Act and (b) by reason
of its business and financial experience it has such knowledge, sophistication
and experience in business and financial matters so as to be capable of
evaluating the merits and risks of the prospective investment in the Purchased
Class D Units and the Purchased Units, is able to bear the economic risk of
such investment and, at the present time, would be able to afford a complete
loss of such investment.

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

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

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

 15
 

finder’s, placement or other similar fees or commissions incurred by
such Purchaser or alleged to have been incurred by such Purchaser in connection
with the purchase of Purchased Class D Units or Purchased Units or the
consummation of the transactions contemplated by this Agreement.

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

Section 4.09.          No Side
Agreements.  Except for the
confidentiality agreements entered into by and between such Purchaser and Linn
Energy, there are no other agreements by, among or between Linn Energy or its
Affiliates, on the one hand, and such Purchaser or its Affiliates, on the other
hand, with respect to the transactions contemplated hereby nor promises or
inducements for future transactions between or among any of such parties.  Notwithstanding
the foregoing, with respect to Goldman, Sachs & Co., the representation
made in this Section 4.09 is made only by the Goldman Sachs Principal
Strategies Group, as currently configured, and does not apply to Goldman, Sachs
& Co. or any of its Affiliates, other than Goldman Sachs Principal
Strategies Group, as currently configured. 
Notwithstanding the foregoing, with respect to Lehman Brothers
Inc., the representation made in
this Section 4.09 is made only by Lehman Brothers MLP Opportunity Fund
L.P., as currently configured, and
does not apply to Lehman Brothers Inc. or any of its Affiliates, other than Lehman
Brothers MLP Opportunity Fund L.P.,
as currently configured.  Notwithstanding
the foregoing, with respect to Morgan Stanley & Co. Incorporated, the
restrictions contained in this Section 4.09 shall only apply to MSDW
Strategic Investments, Inc., as currently configured, and shall not restrict or
limit the activities of any area or division of Morgan Stanley & Co.
Incorporated or any of its Affiliates, other than MSDW Strategic Investments,
Inc., as currently configured.

Section 4.10.          Short
Selling.  Such Purchaser represents
that it has not entered into any Short Sales of the Units owned by it between
the time it first began discussions with Linn Energy or the Placement Agents
about the transactions contemplated by this Agreement and the date hereof (it
being understood that the entering into a total return swap that is exempt from
registration under the Securities Act should not be considered a Short Sale of
Units); provided,  with respect to
Goldman, Sachs & Co., the restrictions contained in this Section 4.10 shall
only apply to the Goldman Sachs Principal Strategies Group, as currently
configured, and shall not restrict or limit the activities of any area or
division of Goldman, Sachs & Co. or any of its Affiliates, other than
Goldman Sachs Principal Strategies Group, as currently configured, and provided
further that with respect to Citigroup Global Markets Inc., the restrictions
contained in this Section 4.10 shall only apply to the Citigroup Equity
Proprietary Investments Trading Group, as currently configured, and shall not
restrict or limit the activities of any area or division 

 16
 

of Citigroup Global Markets Inc. or any of its Affiliates, other than
the Citigroup Equity Proprietary Investments Trading Group, as currently
configured.

ARTICLE V

COVENANTS

Section 5.01.               Shareholder Vote
With Respect to Conversion.

(a)           Linn
Energy shall, in accordance with applicable Law and the Limited Liability
Company Agreement, take all action necessary to convene a meeting of its
Unitholders to consider and vote upon the conversion of the Class D Units into
Units as soon as practicable, but in any event not later than 120 days from the
Closing Date.  Subject to fiduciary
duties under applicable Law, the Board of Directors shall, in connection with
such meeting, recommend approval of the conversion of the Class D Units into
Units and shall take all other lawful action to solicit the approval of the
conversion of the Class D Units into Units by the Unitholders, except that Linn
Energy may, but shall not be required to, hire any proxy solicitation firm in
connection with such meeting.

(b)           If the conversion of
the Class D Units into Units is not approved by the Unitholders at the meeting
contemplated by Section 5.01(a), upon written notice from the Purchasers
holding a majority of the Class D Units, Linn Energy shall be obligated to
convene another meeting of its Unitholders on the terms set forth in Section
5.01(a) (except that such meeting shall take place no later than 90 days after
the meeting contemplated by Section 5.01(a)), and the Board of Directors shall
again be obligated to take the actions set forth in Section 5.01(a) with
respect to such meeting.  If the approval
of Linn Energy’s Unitholders is not obtained at this second meeting of
Unitholders, then Linn Energy shall be obligated to include the conversion of
Class D Units into Units as a proposal to be voted upon at no more than two (2)
subsequent meetings of its Unitholders within 90 days after the preceding
meeting, and its Board of Directors shall remain obligated to take the actions
set forth in Section 5.01(a) with respect to each such meeting.

Section 5.02.          Subsequent
Public Offerings.  Without the
written consent of the holders of a majority of the Purchased Class D Units and
the Purchased Units, taken as a whole, from the date of this Agreement until
the Lock-Up Date, Linn Energy shall not, and shall cause its directors,
officers and Affiliates not to, grant, issue or sell any Units or Class D Units
or other equity or voting securities of Linn Energy, any securities convertible
into or exchangeable therefor or take any other action that may result in the
issuance of any of the foregoing, other than (i) the issuance of the Purchased
Class D Units and the Purchased Units, (ii) the issuance of Awards (as defined
in Linn Energy’s Long-Term Incentive Plan) or the issuance of Units upon the
exercise of options to purchase Units granted pursuant to Linn Energy’s
existing (a) Long-Term Incentive Plan or (b) Memorandum of Understanding
Regarding Compensation Arrangements for Members of its Board of Directors,
(iii) the issuance or sale of up to an aggregate of 30 million Units issued or
sold in a registered public offering to finance future acquisitions that are
accretive to cash flow per Unit (or the repayment of indebtedness incurred in
connection with such accretive acquisitions) at a price no less than 110% of
the Unit Price or Class D Unit Price, as the case may be, or in a private
offering to finance future acquisitions that are accretive to cash flow per
Unit (or the repayment of indebtedness incurred in connection with 

 17
 

such accretive acquisitions) at a price no less than
105% of the Unit Price or Class D Unit Price, as the case may be and (iv) the
issuance of up to 30 million Units as purchase price consideration in
connection with future acquisitions that are accretive to cash flow per Unit.  Notwithstanding the foregoing, Linn Energy
shall not, and shall cause its directors, officers and Affiliates not to, sell,
offer for sale or solicit offers to buy any security (as defined in the
Securities Act) that would be integrated with the sale of the Purchased Class D
Units or the Purchased Units in a manner that would require the registration
under the Securities Act of the sale of the Purchased Class D Units or the
Purchased Units to the Purchasers.

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

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

Section 5.05.          Taking
of Necessary Action.  Each of the
Parties hereto shall use its commercially reasonable efforts promptly to take
or cause to be taken all action and promptly to do or cause to be done all
things necessary, proper or advisable under applicable Law and regulations to
consummate and make effective the transactions contemplated by this Agreement. 

 18
 

Without limiting the foregoing, Linn Energy and each Purchaser will,
and Linn Energy shall cause each of its Subsidiaries to, use its commercially
reasonable efforts to make all filings and obtain all consents of Governmental
Authorities that may be necessary or, in the reasonable opinion of the
Purchasers or Linn Energy, as the case may be, advisable for the consummation
of the transactions contemplated by this Agreement and the other Basic
Documents.

Section 5.06.          Non-Disclosure;
Interim Public Filings.  Linn Energy shall, on or before 8:30
a.m., New York time, on the first Business Day following execution of this
Agreement, issue a press release acceptable to the Purchasers disclosing all
material terms of the transactions contemplated hereby, but excluding the
material terms of the Basic Documents. 
Before 8:30 a.m., New York time, on the first Business Day following the
Closing Date, Linn Energy shall file a Current Report on Form 8-K with the
Commission (the “8-K Filing”) describing the terms of the transactions
contemplated by this Agreement and the other Basic Documents and including as
exhibits to such 8-K Filing this Agreement and the other Basic Documents, in
the form required by the Exchange Act. 
Thereafter, Linn Energy shall timely file any filings and notices
required by the Commission or applicable Law with respect to the transactions contemplated
hereby and provide copies thereof to the Purchasers promptly after filing.  Except with respect to the 8-K Filing and the
press release referenced above (a copy of which will be provided to the
Purchasers for their review as early as practicable prior to its filing), Linn
Energy shall, at least two (2) Business Days prior to the filing or
dissemination of any disclosure required by this Section 5.06, provide a copy
thereof to the Purchasers for their review. 
Linn Energy and the Purchasers shall consult with each other in issuing
any press releases or otherwise making public statements or filings and other
communications with the Commission or any regulatory agency or The Nasdaq
Global Market (or other exchange on which securities of Linn Energy are listed
or traded) with respect to the transactions contemplated hereby, and neither
Party shall issue any such press release or otherwise make any such public
statement, filing or other communication without the prior consent of the
other, except if such disclosure is required by Law, in which case the
disclosing Party shall promptly provide the other Party with prior notice of
such public statement, filing or other communication.  Notwithstanding the foregoing, Linn Energy
shall not publicly disclose the name of any Purchaser, or include the name of
any Purchaser in any press release, without the prior written consent of such
Purchaser except to the extent the names of the Purchasers are included in this
Agreement as filed as an exhibit to the 8-K Filing and the press release
referred to in the first sentence above. 
Linn Energy shall not, and shall cause each of its respective
Representatives not to, provide any Purchaser with any material non-public
information regarding Linn Energy from and after the issuance of the
above-referenced press release without the express written consent of such
Purchaser.

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

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

 19
 

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

Section 5.10.          Short
Selling Acknowledgement and Agreement. 
Each Purchaser understands and acknowledges, severally and not jointly
with any other Purchaser, that the Commission currently takes the position that
coverage of short sales of securities “against the box” prior to the effective
date of a registration statement is a violation of Section 5 of the Securities
Act.  Each Purchaser agrees, severally
and not jointly, that it will not engage in any Short Sales that result in the
disposition of the Units acquired hereunder by the Purchaser until such time as
the Registration Statement (as defined in the Registration Rights Agreement) is
declared effective (it being understood that the entering into of a total
return swap that is exempt from registration under the Securities Act should
not be considered a Short Sale of Units). 
No Purchaser makes any representation, warranty or covenant hereby that
it will not engage in Short Sales in the securities of Linn Energy otherwise
owned by such Purchaser or borrowed from a broker after the date the press
release contemplated by this Agreement is issued by Linn Energy; provided, with
respect to Goldman, Sachs & Co., the restrictions contained in this Section
5.10 shall only apply to the Goldman Sachs Principal Strategies Group, as
currently configured, and shall not restrict or limit the activities of any
area or division of Goldman, Sachs & Co. or any of its Affiliates, other
than Goldman Sachs Principal Strategies Group, as currently configured.

ARTICLE VI

CLOSING
CONDITIONS

Section 6.01.               Conditions
to the Closing.

(a)           Mutual
Conditions.  The respective
obligation of each Party to consummate the purchase and issuance and sale of
the Purchased Units and the Purchased Class D Units shall be subject to the
satisfaction on or prior to the Closing Date of each of the following
conditions (any or all of which may be waived by a particular Party on behalf
of itself in writing, in whole or in part, to the extent permitted by
applicable Law):

(i)            no
Law shall have been enacted or promulgated, and no action shall have been
taken, by any Governmental Authority of competent jurisdiction which
temporarily, preliminarily or permanently restrains, precludes, enjoins or
otherwise prohibits the consummation of the transactions contemplated by this
Agreement or makes the transactions contemplated by this Agreement illegal;

(ii)           there
shall not be pending any Action by any Governmental Authority seeking to
restrain, preclude, enjoin or prohibit the transactions contemplated by this
Agreement; and

(iii)          Linn
Energy shall have consummated the Dominion Acquisition substantially on the
terms set forth or contemplated in the Dominion Acquisition Agreement executed
on the date hereof.

(b)           Each
Purchaser’s Conditions.  The
respective obligation of each Purchaser to consummate the purchase of its
Purchased Units and Purchased Class D Units shall be subject 

 20
 

to the satisfaction on or prior to the Closing Date of each of the
following conditions (any or all of which may be waived by a particular
Purchaser on behalf of itself in writing, in whole or in part, to the extent
permitted by applicable Law):

(i)            Linn
Energy shall have performed and complied with the covenants and agreements
contained in this Agreement in all material respects that are required to be
performed and complied with by Linn Energy on or prior to the Closing Date;

(ii)           the
representations and warranties of Linn Energy contained in this Agreement that
are qualified by materiality or Linn Energy Material Adverse Effect shall be
true and correct when made and as of the Closing Date and all other
representations and warranties shall be true and correct in all material
respects when made and as of the Closing Date, in each case as though made at
and as of the Closing Date (except that representations made as of a specific
date shall be required to be true and correct as of such date only);

(iii)          since
the date of this Agreement, no Linn Energy Material Adverse Effect shall have
occurred and be continuing;

(iv)          Linn
Energy shall have adopted the Class D Amendment in all material respects in the
form attached as Exhibit A to this Agreement;

(v)           Linn
Energy shall have submitted to The Nasdaq Global Market a Notification Form:
Listing of Additional Units with respect to the Purchased Units and the Units
underlying the Purchased Class D Units and no notice of delisting from The Nasdaq
Global Market shall have been received by Linn Energy with respect to the
Units;

(vi)          Linn
Energy shall have delivered, or caused to be delivered, to the Purchasers at
the Closing, Linn Energy’s closing deliveries described in Section 6.02 of this
Agreement;

(vii)         the
Unitholder Voting Agreement shall be in full force and effect; and

(viii)        a
minimum of $850 million has been delivered to the Escrow Account (as such term
is defined in the Escrow Agreement) by the Purchasers and not withdrawn and at
least such minimum amount has been released to Linn Energy from the Escrow
Account on the Closing Date.

(c)           Linn
Energy’s Conditions.  The obligation
of Linn Energy to consummate the sale of the Purchased Units to each of the
Purchasers shall be subject to the satisfaction on or prior to the Closing Date
of the following conditions with respect to each Purchaser individually and not
the Purchasers jointly (which may be waived by Linn Energy in writing, in whole
or in part, to the extent permitted by applicable Law):

(i)            each
Purchaser shall have performed and complied with the covenants and agreements
contained in this Agreement in all material respects that are required to be
performed and complied with by that Purchaser on or prior to the Closing Date;

 21

(ii)           the
funds escrowed pursuant to the Escrow Agreement shall have been released to
Linn Energy;

(iii)          the
representations and warranties of each Purchaser contained in this Agreement
that are qualified by materiality or Purchaser Material Adverse Effect shall be
true and correct when made and as of the Closing Date and all other
representations and warranties shall be true and correct in all material
respects when made and as of the Closing Date, in each case as though made at
and as of the Closing Date (except that representations made as of a specific
date shall be required to be true and correct as of such date only);

(iv)          since
the date of this Agreement, no Purchaser Material Adverse Effect shall have
occurred and be continuing; and

(v)           each
Purchaser shall have delivered, or caused to be delivered, to Linn Energy at
the Closing, such Purchaser’s closing deliveries described in Section 6.03 of
this Agreement.

Section 6.02.               Linn
Energy Deliveries.  At the Closing,
subject to the terms and conditions of this Agreement, Linn Energy will
deliver, or cause to be delivered, to each Purchaser:

(a)           the
Purchased Units and the Purchased Class D Units by delivering certificates
(bearing the legend set forth in Section 4.08) evidencing such Purchased Units
and such Purchased Class D Units at the Closing, all free and clear of any
Liens, encumbrances or interests of any other party;

(b)           the
Officer’s Certificate substantially in the form attached to this Agreement as Exhibit
E;

(c)           opinions
addressed to the Purchasers from outside legal counsel to Linn Energy and from
the General Counsel of Linn Energy, each dated the Closing Date, substantially
similar in substance to the form of opinions attached to this Agreement as Exhibit
B;

(d)           the
Registration Rights Agreement in substantially the form attached to this
Agreement as Exhibit C, which shall have been duly executed by Linn
Energy;

(e)           a
certificate of the Secretary of Linn Energy dated as of the Closing Date
substantially in the form attached to this Agreement as Exhibit G;

(f)            a
certificate dated as of a recent date of the Secretary of State of the State of
Delaware with respect to the due organization and good standing in the State of
Delaware of Linn Energy; and

(g)           a
receipt, dated the Closing Date, executed by Linn Energy and delivered to each
Purchaser certifying that Linn Energy has received the Purchase Price with
respect to the Purchased Class D Units and the Purchased Units issued and sold
to all Purchasers.

 22
 

Section 6.03.               Purchaser
Deliveries.  At the Closing, subject
to the terms and conditions of this Agreement, each Purchaser will deliver, or
cause to be delivered, to Linn Energy:

(a)           notice
to the Escrow Agent instructing the Escrow Agent to release the funds escrowed
pursuant to the Escrow Agreement in respect of such Purchaser to Linn Energy;

(b)           the
Registration Rights Agreement in substantially the form attached to this
Agreement as Exhibit C, which shall have been duly executed by such
Purchaser; and

(c)           an
Officer’s Certificate substantially in the form attached to this Agreement as Exhibit
F.

ARTICLE VII

INDEMNIFICATION,
COSTS AND EXPENSES

Section 7.01.               Indemnification
by Linn Energy.  Linn Energy agrees
to indemnify each Purchaser and its Representatives (collectively, “Purchaser
Related Parties”) from, and hold each of them harmless against, any and all
actions, suits, proceedings (including any investigations, litigation or
inquiries), demands and causes of action, and, in connection therewith, and
promptly upon demand, pay and reimburse each of them for all costs, losses,
liabilities, damages or expenses of any kind or nature whatsoever, including
the reasonable fees and disbursements of counsel and all other reasonable
expenses incurred in connection with investigating, defending or preparing to
defend any such matter that may be incurred by them or asserted against or
involve any of them as a result of, arising out of or in any way related to (i)
any actual or proposed use by Linn Energy of the proceeds of any sale of the
Purchased Class D Units or the Purchased Units or (ii) the breach of any of the
representations, warranties or covenants of Linn Energy contained herein;
provided that such claim for indemnification relating to a breach of a
representation or warranty is made prior to the expiration of such
representation or warranty.

Section 7.02.               Indemnification
by Purchasers.  Each Purchaser
agrees, severally and not jointly, to indemnify Linn Energy and its
Representatives (collectively, “Linn Energy Related Parties”) from, and
hold each of them harmless against, any and all actions, suits, proceedings
(including any investigations, litigation or inquiries), demands and causes of
action, and, in connection therewith, and promptly upon demand, pay and
reimburse each of them for all costs, losses, liabilities, damages or expenses
of any kind or nature whatsoever, including the reasonable fees and
disbursements of counsel and all other reasonable expenses incurred in
connection with investigating, defending or preparing to defend any such matter
that may be incurred by them or asserted against or involve any of them as a
result of, arising out of or in any way related to the breach of any of the
covenants of such Purchaser contained herein.

Section 7.03.               Indemnification
Procedure.  Promptly after any Linn
Energy Related Party or Purchaser Related Party (hereinafter, the “Indemnified
Party”) has received notice of any indemnifiable claim hereunder, or the
commencement of any action or proceeding by a third party, which the
Indemnified Party believes in good faith is an indemnifiable claim under this
Agreement, the Indemnified Party shall give the indemnitor hereunder (the “Indemnifying
Party”) written notice of such claim or the commencement of such action or
proceeding, but failure to so notify the Indemnifying Party will not relieve
the Indemnifying Party from any 

 23
 

liability it may have to such Indemnified Party hereunder except to the
extent that the Indemnifying Party is materially prejudiced by such
failure.  Such notice shall state the
nature and the basis of such claim to the extent then known.  The Indemnifying Party shall have the right
to defend and settle, at its own expense and by its own counsel who shall be
reasonably acceptable to the Indemnified Party, any such matter as long as the
Indemnifying Party pursues the same diligently and in good faith.  If the Indemnifying Party undertakes to
defend or settle, it shall promptly notify the Indemnified Party of its
intention to do so, and the Indemnified Party shall cooperate with the
Indemnifying Party and its counsel in all commercially reasonable respects in
the defense thereof and the settlement thereof. 
Such cooperation shall include furnishing the Indemnifying Party with
any books, records and other information reasonably requested by the
Indemnifying Party and in the Indemnified Party’s possession or control.  Such cooperation of the Indemnified Party
shall be at the cost of the Indemnifying Party. 
After the Indemnifying Party has notified the Indemnified Party of its
intention to undertake to defend or settle any such asserted liability, and for
so long as the Indemnifying Party diligently pursues such defense, the
Indemnifying Party shall not be liable for any additional legal expenses
incurred by the Indemnified Party in connection with any defense or settlement
of such asserted liability; provided,
however, that the Indemnified
Party shall be entitled (i) at its expense, to participate in the defense of
such asserted liability and the negotiations of the settlement thereof and (ii)
if (A) the Indemnifying Party has failed to assume the defense or employ
counsel reasonably acceptable to the Indemnified Party or (B) if the defendants
in any such action include both the Indemnified Party and the Indemnifying
Party and counsel to the Indemnified Party shall have concluded that there may
be reasonable defenses available to the Indemnified Party that are different
from or in addition to those available to the Indemnifying Party or if the
interests of the Indemnified Party reasonably may be deemed to conflict with
the interests of the Indemnifying Party, then the Indemnified Party shall have
the right to select a separate counsel and to assume such legal defense and
otherwise to participate in the defense of such action, with the expenses and fees
of such separate counsel and other expenses related to such participation to be
reimbursed by the Indemnifying Party as incurred.  Notwithstanding any other provision of this
Agreement, the Indemnifying Party shall not settle any indemnified claim without
the consent of the Indemnified Party, unless the settlement thereof imposes no
liability or obligation on, involves no admission of wrongdoing or malfeasance
by, and includes a complete release from liability of, the Indemnified Party.

ARTICLE VIII

MISCELLANEOUS

Section 8.01.               Interpretation.  Article, Section, Schedule and Exhibit
references are to this Agreement, unless otherwise specified.  All references to instruments, documents,
contracts and agreements are references to such instruments, documents,
contracts and agreements as the same may be amended, supplemented and otherwise
modified from time to time, unless otherwise specified.  The word “including” shall mean “including
but not limited to”.  Whenever Linn
Energy has an obligation under the Basic Documents, the expense of complying
with such obligation shall be an expense of Linn Energy unless otherwise
specified.  Whenever any determination,
consent or approval is to be made or given by a Purchaser under this Agreement,
such action shall be in such Purchaser’s sole discretion unless otherwise
specified.  If any provision in the Basic
Documents is held to be illegal, invalid, not binding or unenforceable, such
provision shall be fully severable and the Basic Documents shall be construed
and enforced 

 24
 

as if such illegal, invalid, not binding or unenforceable provision had
never comprised a part of the Basic Documents, and the remaining provisions
shall remain in full force and effect. 
The Basic Documents have been reviewed and negotiated by sophisticated
parties with access to legal counsel and shall not be construed against the
drafter.

Section 8.02.               Survival
of Provisions.  The representations
and warranties set forth in this Agreement shall survive the execution and
delivery of this Agreement indefinitely. 
The covenants made in this Agreement or any other Basic Document shall
survive the closing of the transactions described herein and remain operative
and in full force and effect regardless of acceptance of any of the Purchased
Class D Units or the Purchased Units and payment therefor and repayment,
conversion, exercise or repurchase thereof. 
All indemnification obligations of Linn Energy and the Purchasers
pursuant to Section 3.12, Section 4.07 and Article VII of this Agreement shall
remain operative and in full force and effect unless such obligations are
expressly terminated in a writing by the Parties referencing the particular
Article or Section, regardless of any purported general termination of this
Agreement.

Section 8.03.               No
Waiver; Modifications in Writing.

(a)           Delay.  No failure or delay on the part of any Party
in exercising any right, power or remedy hereunder shall operate as a waiver
thereof, nor shall any single or partial exercise of any such right, power or
remedy preclude any other or further exercise thereof or the exercise of any
right, power or remedy.  The remedies
provided for herein are cumulative and are not exclusive of any remedies that
may be available to a Party at Law or in equity or otherwise.

(b)           Specific
Waiver.  Except as otherwise provided
in this Agreement or the Registration Rights Agreement, no amendment, waiver,
consent, modification or termination of any provision of this Agreement or any
other Basic Document shall be effective unless signed by each of the Parties or
each of the original signatories thereto affected by such amendment, waiver,
consent, modification or termination. 
Any amendment, supplement or modification of or to any provision of this
Agreement or any other Basic Document, any waiver of any provision of this
Agreement or any other Basic Document and any consent to any departure by Linn
Energy from the terms of any provision of this Agreement or any other Basic
Document shall be effective only in the specific instance and for the specific
purpose for which made or given.  Except
where notice is specifically required by this Agreement, no notice to or demand
on any Party in any case shall entitle any Party to any other or further notice
or demand in similar or other circumstances.

Section 8.04.               Binding
Effect; Assignment.

(a)           Binding
Effect.  This Agreement shall be
binding upon Linn Energy, each Purchaser, and their respective successors and
permitted assigns.  Except as expressly
provided in this Agreement, this Agreement shall not be construed so as to
confer any right or benefit upon any Person other than the Parties to this
Agreement and as provided in Article VII, and their respective successors and
permitted assigns.

(b)           Assignment
of Purchased Class D Units and Purchased Units.  All or any portion of a Purchaser’s Purchased
Class D Units or Purchased Units purchased pursuant to this 

 25
 

Agreement may be sold, assigned or pledged by such Purchaser, subject
to compliance with applicable securities Laws, Section 5.04 of this Agreement,
and the Registration Rights Agreement.

(c)           Assignment
of Rights.  Each Purchaser may assign
all or any portion of its rights and obligations under this Agreement without
the consent of Linn Energy (i) to any Affiliate of such Purchaser or (ii) in
connection with entering into a total return swap or transferring its Purchased
Class D Units and the Purchased Units to a swap counterparty, and in each
case the assignee shall be deemed to be a Purchaser hereunder with respect to
such assigned rights or obligations and shall agree to be bound by the
provisions of this Agreement.  Except as
expressly permitted by this Section 8.04(c), such rights and obligations may
not otherwise be transferred except with the prior written consent of Linn
Energy (which consent shall not be unreasonably withheld), in which case the
assignee shall be deemed to be a Purchaser hereunder with respect to such
assigned rights or obligations and shall agree to be bound by the provisions of
this Agreement.

Section 8.05.               Aggregation
of Purchased Class D Units and Purchased Units.  All Purchased Class D Units and Purchased
Units held or acquired by Persons who are Affiliates of one another shall be
aggregated together for the purpose of determining the availability of any
rights under this Agreement.

Section 8.06.               Confidentiality
and Non-Disclosure.  Notwithstanding
anything herein to the contrary, each Purchaser that has executed a
confidentiality agreement in favor of Linn Energy shall continue to be bound by
such confidentiality agreement in accordance with the terms thereof until Linn
Energy discloses on Form 8-K with the Commission the transactions contemplated
hereby.

Section 8.07.               Communications.  All notices and demands provided for
hereunder shall be in writing and shall be given by regular mail, registered or
certified mail, return receipt requested, facsimile, air courier guaranteeing
overnight delivery, electronic mail or personal delivery to the following
addresses:

(a)   If to Structured Finance
Americas LLC:

Structured Finance
Americas, LLC

c/o Deutsche Bank Securities Inc.

60 Wall Street, 4th Floor

New York, New York 10005

Attention: Sunil Hariani

Telephone: (212) 250-6340

Facsimile: (212) 797-9358

Email: equitynotice@list.db.com

 26
 

with a copy to:

Structured Finance
Americas, LLC

c/o Deutsche Bank Securities Inc.

60 Wall Street, 13th Floor

New York, New York 10005

Attention: Elia Kourtesiadou

Facsimile: (732) 578-3927

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

Royal Bank of Canada by
its agent RBC Capital Markets Corporation

1 Liberty Plaza, 2nd Floor

New York, New York 10006

Attention: Joe Muskatel

(c)   If to Credit Suisse Management
LLC:

Credit Suisse Management
LLC

1 Madison Avenue

New York, New York 10010

Attention:  Jerrold Gordon

Telephone: (212) 538-6320

Facsimile:  (212) 538-4095

Email:  jerrold.gordon@credit-suisse.com

(d)   If to MLP Investment Holdings,
Inc.:

MLP Investment Holdings,
Inc.

c/o Bear Stearns & Co., Inc.

383 Madison Avenue

New York, New York 10179

Attention:  Jeremy Hill and Patrick
Dempsey

Telephone:  (212) 272-8279

Facsimile:  (212) 272-4022

(e)   If to AT MLP Fund, LLP:

Atlantic Trust

1700 Lincoln, Suite 2550

Denver, Colorado 80203

Attention:  Paul McPheeters

Telephone:  (720) 221-5052

 27
 

(f)    If to Citigroup Financial
Products Inc.:

Citigroup Financial
Products Inc.

390 Greenwich Street

New York, New York 10013

Attention:  Brendan O’Dea

Telephone:  (212) 723-5336

Email:  brendan.odea@citi.com

(g)   If to Energy Income and Growth
Fund, Fiduciary/Claymore MLP Opportunity Fund or MLP & Strategic Equity
Fund Inc.:

c/o Fiduciary Asset
Management

8112 Maryland Avenue, Suite 400

St. Louis, Missouri 63105

Attention: Jim Cunnane

Facsimile: (314) 863-4360

(h)   If to Fir Tree Value Master
Fund, LP or Fir Tree Recovery Master Fund LP:

Fir Tree, Inc.

505 Fifth Avenue, 23rd Floor

New York, New York 10017

Attention:  Brian Meyer

Facsimile:  (212) 599-1330

(i)    If to Strome MLP Fund, LP:

Strome MLP Fund, LP

c/o Strome Group

100 Wilshire Boulevary, Suite 1750

Santa Monica, California 90401

Attention:  Casey Borman

(j)    If to UBS AG London Branch:

UBS AG London Branch

1285 Avenue of the Americas

New York, New York 10019

Attention:  Chris Coward

 28
 

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

ZLP Fund, L.P.

Harborside Financial Center

Plaza 10, Suite 301

Jersey City, New Jersey 07311

Attention:  Daniel M. Lynch

Telephone:  (212) 440-0741

Facsimile:  (201) 716-1425

Email:  lynch@zimmerlucas.com

(l)    If to Omega Advisors, Inc. or
Leon G. Cooperman

Omega Advisors, Inc.

88 Pine Street, 31st Floor

New York, New York 10005

Attention:  Denis Wong

Telephone:  (212) 495-7067

Fascimile:  (212) 747-6250

Email:  dwong@omega-advisors.com

(m)  If to Perry Partners LP:

Perry Capital

747 Fifth Avenue, 19th Floor

New York, New York 10153

Attention:  Mike Neus or Parsa Kiai

(n)   If to Third Point Partners
Qualified L.P. or Third Point Partners L.P.

Third Point LLC

390 Park Avenue

New York, New York 10022

Attention:  Robert Taylor

Telephone: (212) 224-7409

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

Goldman Sachs Principal
Strategies Group

c/o Goldman, Sachs & Co.

1 New York Plaza, 47th Floor

New York, New York 10004

Attention:  Gaurav Bhandari or Sabrina
Liak

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

 29
 

with a copy to:

Fried, Frank, Harris,
Shriver & Jacobson LLP

One New York Plaza

New York, New York 10004

Attention:  Steven J. Steinman, Esq.

Facsimile:  (212) 859-4000

(p)   If to Jennison Utility Fund and
Jennison Equity Income Fund:

Jennison Associates LLC

466 Lexington Avenue

New York, New York 10017

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

Facsimile:  (212) 682-0149

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

with a copy to:

Attention:  Maya Teufel, Legal Department

Facsimile:  (212) 682-9831

Email:  mteufel@jennison.com

and:

Attention:  Michael Ryan, Client Accounting

Facsimile:  (212) 949-9753

Email:  mryan@jennison.com

(q)   If to Lehman Brothers MLP
Opportunity Fund, Lehman Brothers MLP Partners, L.P., Lehman Brothers
Co-Investment Partners, L.P. or LB1 Group Inc.:

Lehman Brothers MLP
Partners, L.P.

399 Park Avenue, 9th Floor

New York, New York 10022

Attention:  Kyri Loupis

(r)    If to New Mountain Vantage,
L.P., New Mountain Vantage (California), L.P., New Mountain Vantage (Texas),
L.P. or New Mountain Vantage HoldCo Ltd.:

c/o New Mountain Capital,
L.L.C.

787 Seventh Avenue, 49th Floor

New York, New York 10019

Attention:  David DiDomenico

Telephone:  (212) 720-0357

Facsimile:  (212) 582-2277

Email: 
ddidomenico@newmountaincapital.com

 30
 

with
a copy to (which shall not constitute notice hereunder):

Fried, Frank, Harris,
Shriver & Jacobson LLP

One New York Plaza

New York, New York 10004

Attention:  Jeffrey Bagner

Telephone:  (212) 859-8000

Facsimile:  (212)-859-4000

Email:  jeffrey.bagner@friedfrank.com

(s)   If to MSDW Strategic
Investments, Inc.:

MSDW Strategic Investments,
Inc.

1585 Broadway, 5th Floor

New York, New York 10036

Attention:  Todd Bosch

Telephone:  (212) 761-5438

Facsimile:  (212) 507-4888

with a copy to:

Morgan Stanley Legal and
Compliance Division

1221 Avenue of the Americas, 40th Floor

New York, New York 10020

Attention:  Anthony Cicia or Amanda
Bixler

Telephone:  (212) 762-4828 or (212)
762-4707

Facsimile:  (212) 507-4338 or (646)
290-2603

(t)    If to Gerald Smith:

Nancy A. Cooke

P.O. Box 131405

Houston, Texas 77219

Telephone:  (713) 621-9444

Email:  nancyacooke@aol.com

(u)   If to Northwestern Mutual Life
Insurance Company:

Northwestern Mutual

720 East Wisconsin Avenue

Milwaukee, Wisconsin 53202

Attention:  Anne T. Brower

Telephone:  (414) 665-4520

Facsimile:  (414) 625-4520

Email:  annebrower@northwesternmutual.com

 31
 

(v)   If to Ore Hill Hub Fund Ltd.:

Ore Hill Partners LLC

650 Fifth Avenue, 9th Floor

New York, New York 10019

Attention:  Caroline Rothschild

Telephone:  (212) 389-2342

Facsimile:  (212) 214-0799

Email:  crothschild@orehill.com

(w)  If to Meritage Fund Ltd. or
Meritage Investors LLC:

Renaissance Technologies
Corp.

Meritage Funds

800 Third Avenue, 34th Floor

New York, New York 10022

Attention:  Mark Mindich

Telephone:  (212) 821-1533

Facsimile:  (212) 759-1081

Email:  mmindich@rentec.com

(x)    If
to Standard General Master Fund L.P.:

Standard General LP

650 Madison Avenue, 25th Floor

New York, New York 10022

Attention:  Nicolas J. Singer

Telephone:  (212) 610-9179

Facsimile:  (212) 610-9171

Email:  nsinger@stdgen.com

(y)   If to Greg D. Kerly:

2350 North Sam Houston
Parkway East, Suite 125

Houston, Texas 77032

Attention:  Greg D. Kerly

Telephone:  (281) 618-4803

Email:  greg_kerly@swn.com

(z)    If
to Capital Management LLC:

Capital Management LLC

45 Rockefeller Plaza

New York, New York 10111

Attention:  Rich Levy

 32
 

(aa) If to GPS Partners LLC:

GPS Partners LLC

Del Mar Onshore Partners LP

c/o GPS Partners

100 Wilshire Boulevard, Suite 900

Santa Monica, California 90401

Attention:  Jeff Farron

Telephone:  (310) 496-5365

Facsimile:  (310) 496-5399

Email:  farron@gpsfund.com

(bb) If to Hartz Capital MLP, LLC and
Hartz Fund Advisors LLC:

Hartz Capital MLP LLC

400 Plaza Drive

Secaucus, New Jersey 07094

Attention:  Noah B. Lerner

Telephone:  (201) 272-6004

Facsimile:  (201) 866-6387

Email:  noah.lerner@hartzmountain.com

(cc) If to Farrington Capital, LP:

Tiber Capital Corporation
– An LS Power Group Company

1700 Broadway, 35th Floor

New York, New York 10019

Attention:  Eric Dieckman

Telephone:  (212) 287-0556

Facsimile:  (212) 615-3440

Email:  edieckman@lspower.com

(dd) If to Dresdner Bank Ag.:

Dresdner Bank Ag.

1301 Avenue of the Americas

New York, New York 10019-6163

Attention:  Liz Mendoza, 10th Floor

Telephone:  (212) 895-6565

 33
 

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

RCH Energy MLP Fund, L.P.

RCH Energy MLP Fund A, L.P.

RCH Energy Opportunity Fund I, L.P.

200 Crescent Court, Suite 1060

Dallas, Texas 75201

Attention:  Robert Raymond

Telephone:  (214) 871-8680

Facsimile:  (214) 871-8683

Email: rraymond@rchenergy.com

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

Reservoir Master Fund,
L.P.

c/o Reservoir Capital Group

650 Madison Avenue, 26th Floor

New York, New York 10022

Attention:  Craig Huff / Adeel Qalbani

Telephone:  (212) 610-9010 / 9082

(gg) If to D.E. Shaw Synoptic
Portfolios 5, L.L.C.:

D.E. Shaw & Co.

120 West 45th Street

New York, New York 10036

Attention:  Shi Nisman

Telephone:  (212) 478-0836

Facsimile:  (212) 845-1836

 34
 

(hh) If to Linn Energy:

Linn Energy, LLC

600 Travis, Suite 7000

Houston, Texas 77002

Attention: Kolja Rockov

Facsimile: (281) 840-4100

Email: kr@linnenergy.com

with a copy to:

Vinson & Elkins
L.L.P.

2500 First City Tower

1001 Fannin Street, Suite 2500

Houston, Texas 77002

Attention: Jeffery K. Malonson, Esq.

Facsimile: (713) 615-5627 

Email: jmalonson@velaw.com

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

Section 8.08.               Removal of
Legend.  Linn Energy shall remove the
legend described in Section 4.08 from the certificates evidencing the Purchased
Class D Units or the Purchased Units and the certificates evidencing the Units
issuable upon the conversion of the Purchased Class D Units at the request of a
Purchaser submitting to Linn Energy such certificates, together with such other
documentation as may be reasonably requested by Linn Energy or required by its
transfer agent, unless Linn Energy, with the advice of counsel, reasonably
determines that such removal is inappropriate; provided that no opinion of
counsel shall be required in the event a Purchaser is effecting a sale of such
Purchased Class D Units or Purchased Units pursuant to Rule 144 under the
Securities Act or an effective registration statement.  Linn Energy shall cooperate with such
Purchaser to effect removal of such legend. 
Subject to 4.6(c) and Section
5.10(f) of the Limited Liability Company Agreement, the legend described in
Section 4.08 shall be removed and Linn Energy shall issue a certificate without
such legend to the holder of Purchased Class D Units or Purchased Units upon
which it is stamped, if, unless otherwise required by state securities Laws,
(i) such Purchased Class D Units or Purchased Units are sold pursuant to an
effective Registration Statement, (ii) in connection with a sale, assignment or
other transfer, such holder provides Linn Energy with an opinion of a law firm
reasonably acceptable to Linn Energy (with any law firm set forth under Section
8.07 being deemed acceptable), in a generally acceptable form, to the effect
that such sale, assignment or transfer of such Purchased Class D Units or
Purchased Units may be made without registration under the applicable
requirements of the Securities Act, or (iii) such holder provides Linn Energy
with reasonable assurance that such Purchased Class D Units or Purchased Units
can be sold, assigned 

 35
 

or transferred pursuant to Rule
144 or Rule 144A under the Securities Act. 
If Linn Energy shall fail for any reason or for no reason to issue to
the holder of such Purchased Class D Units or Purchased Units within three
trading days after the occurrence of any of clause (i), clause (ii) or clause
(iii) above a certificate without such legend to the holder or if Linn Energy
fails to deliver unlegended Purchased Class D Units or Purchased Units within
three trading days of the Purchaser’s election to receive such unlegended
Purchased Class D Units or Purchased Units pursuant to clause (y) below, and if
on or after such trading day the holder purchases (in an open market
transaction or otherwise) Class D Units or Units to deliver in satisfaction of
a sale by the holder of such Purchased Class D Units or Purchased Units that
the holder anticipated receiving without legend from Linn Energy (a “Buy-In”),
then Linn Energy shall, within three (3) Business Days after the holder’s
request and in the holder’s discretion, either (x) pay cash to the holder in an
amount equal to the holder’s total purchase price (including brokerage
commissions, if any) for the Class D Units or Units so purchased (the “Buy-In
Price”), at which point Linn Energy’s obligation to deliver such unlegended
Purchased Class D Units or Purchased Units shall terminate, or (y) promptly
honor its obligation to deliver to the holder such unlegended Purchased Class D
Units or Purchased Units as provided above and pay cash to the holder in an
amount equal to the excess (if any) of the Buy-In Price over the product of (A)
such number of Class D Units or Units times (B) the closing bid price on the
date of exercise.

Section 8.09.               Entire
Agreement.  This Agreement and the
other Basic Documents are intended by the Parties as a final expression of
their agreement and intended to be a complete and exclusive statement of the
agreement and understanding of the Parties hereto and thereto in respect of the
subject matter contained herein and therein. 
There are no restrictions, promises, warranties or undertakings, other
than those set forth or referred to herein or therein with respect to the
rights granted by Linn Energy or a Purchaser set forth herein or therein.  This Agreement and the other Basic Documents supersede
all prior agreements and understandings between the Parties with respect to
such subject matter.

Section 8.10.               Governing
Law.  This Agreement will be
construed in accordance with and governed by the Laws of the State of Delaware
without regard to principles of conflicts of Laws.

Section 8.11.               Execution
in Counterparts.  This Agreement may
be executed in any number of counterparts and by different Parties hereto in
separate counterparts, each of which counterparts, when so executed and
delivered, shall be deemed to be an original and all of which counterparts,
taken together, shall constitute but one and the same Agreement.

Section 8.12.               Termination.

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

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

 36
 

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

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

(i)            if
the Closing shall not have occurred on or before December 1, 2007;

(ii)           if
less than $850 million is received by Linn Energy from the Purchasers on the
Closing Date;

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

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

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

(d)           In
the event of the termination of this Agreement as provided in
Section 8.12(b)(i), and if a Purchaser is not in breach or default in any
material respect under any of the terms of this Agreement, then Linn Energy
shall pay to such Purchaser a fee equal to 0.10% of the aggregate purchase
price for the Purchased Units that such Purchaser is committed to purchase
pursuant to this Agreement.

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

 37
 

prevailing Party shall be entitled to reasonable attorney’s fees, costs
and necessary disbursements in addition to any other relief to which such Party
may be entitled.

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

Section 8.15.               Obligations Limited to Parties to
Agreement.  Each of the parties hereto covenants, agrees
and acknowledges that no Person other than the Purchasers (and their permitted
assignees) and Linn Energy shall have any obligation hereunder and that,
notwithstanding that one or more of the Purchasers may be a corporation,
partnership or limited liability company, no recourse under this Agreement or
the other Basic Documents or under any documents or instruments delivered in
connection herewith or therewith shall be had against any former, current or
future director, officer, employee, agent, general or limited partner, manager,
member, stockholder or Affiliate of any of the Purchasers or Linn Energy or any
former, current or future director, officer, employee, agent, general or
limited partner, manager, member, stockholder or Affiliate of any of the
foregoing, whether by the enforcement of any assessment or by any legal or
equitable proceeding, or by virtue of any applicable Law, it being expressly
agreed and acknowledged that no personal liability whatsoever shall attach to,
be imposed on or otherwise be incurred by any former, current or future
director, officer, employee, agent, general or limited partner, manager,
member, stockholder or Affiliate of any of the Purchasers or Linn Energy or any
former, current or future director, officer, employee, agent, general or
limited partner, manager, member, stockholder or Affiliate of any of the
foregoing, as such, for any obligations of the Purchasers and Linn Energy under
this Agreement or the other Basic Documents or any documents or instruments
delivered in connection herewith or therewith or for any claim based on, in
respect of or by reason of such obligation or its creation.

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

 38

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

	
  

  	
  LINN ENERGY, LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Mark E. Ellis

  	
   

  
	
   

  	
  Mark E. Ellis

  
	
   

  	
  Executive Vice
  President and

  
	
   

  	
  Chief Operating Officer

  

 

 

	
  

  	
  Structured
  Finance Americas, LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Sunil
  Hariani

  	
   

  
	
   

  	
  Name:

  	
  Sunil Hariani

  
	
   

  	
  Title:

  	
  Director

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Andrea Leung

  	
   

  
	
   

  	
  Name:

  	
  Andrea Leung

  
	
   

  	
  Title:

  	
  Managing Director

  

 

 

	
  

  	
  Royal Bank of Canada

  
	
   

  	
  by its agent

  
	
   

  	
  RBC Capital Markets Corporation

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/
  Josef Muskatel

  	
   

  
	
   

  	
  Name:

  	
  Josef Muskatel

  
	
   

  	
  Title:

  	
  Director and Senior Counsel

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
    /s/
  David Weiner

  	
   

  
	
   

  	
  Name:

  	
  David Weiner

  
	
   

  	
  Title:

  	
  Managing Director

  

 

 

	
  

  	
  CREDIT SUISSE MANAGEMENT LLC

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
    /s/
  Gerard Murtagh

  	
   

  
	
   

  	
  Name:

  	
  Gerard Murtagh

  
	
   

  	
  Title:

  	
  Managing Director

  

 

	
  

  	
  MLP INVESTMENT HOLDINGS, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/
  Jeremy Hill

  	
   

  
	
   

  	
  Name:

  	
  Jeremy Hill

  
	
   

  	
  Title:

  	
  Vice President

  

 

	
  

  	
  AT MLP FUND, LLP

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/
  Paul McPheeters

  	
   

  
	
   

  	
  Name:

  	
  Paul McPheeters

  
	
   

  	
  Title:

  	
  Managing Director

  

 

	
  

  	
  Citigroup Financial Products Inc.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/
  Bret Engelkemier

  	
   

  
	
   

  	
  Name:

  	
  Bret Engelkemier

  
	
   

  	
  Title:

  	
  Managing Director

  

 

	
  

  	
  ENERGY GROWTH AND INCOME FUND

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/
  Mark R. Bradley

  	
   

  
	
   

  	
  Name:

  	
  Mark R. Bradley

  
	
   

  	
  Title:

  	
  CFO

  

 

	
  

  	
  Fiduciary/Claymore MLP Opportunity Fund

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/
  James J. Cunnane, Jr.

  	
   

  
	
   

  	
  Name:

  	
  James J. Cunnane, Jr.

  
	
   

  	
  Title:

  	
  Vice President

  

 

	
  

  	
  MLP & Strategic Equity Fund Inc.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/
  James J. Cunnane, Jr.

  	
   

  
	
   

  	
  Name:

  	
  James J. Cunnane, Jr.

  
	
   

  	
  Title:

  	
  Senior Portfolio Manager –

  
	
   

  	
   

  	
  Fiduciary Asset Management, 

  LLC, subadviser to the MLP & 

  Strategic Equity Fund Inc.

  
	
   

  	
   

  
	
   

  	
   

  

 

	
  

  	
  FIR TREE RECOVERY MASTER

  
	
   

  	
  FUND LP

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/
  Brian Meyer

  	
   

  
	
   

  	
  Name:

  	
  Brian Meyer

  
	
   

  	
  Title:

  	
  Authorized Person

  

 

	
  

  	
  FIR TREE VALUE MASTER FUND, LP

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/
  Brian Meyer

  	
   

  
	
   

  	
  Name:

  	
  Brian Meyer

  
	
   

  	
  Title:

  	
  Authorized Person

  

 

	
  

  	
  Strome MLP Fund, LP

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/
  Peter Davies

  	
   

  
	
   

  	
  Name:

  	
  Peter Davies

  
	
   

  	
  Title:

  	
  CEO of Strome Investment

  
	
   

  	
   

  	
  Management, LP, the general partner

  
	
   

  	
   

  	
  of Strome MLP Fund, LP

  

 

	
  

  	
  UBS AG LONDON BRANCH

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/
  Richard Simpson

  	
   

  
	
   

  	
  Name:

  	
  Richard Simpson

  
	
   

  	
  Title:

  	
  Managing Director

  

 

	
  

  	
  ZLP Fund LP

  
	
   

  	
   

  
	
   

  	
  By:

  	
  Zimmer Lucas Partners, LLC,

  
	
   

  	
   

  	
  its General Partner

  
	
   

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/
  Craig M. Lucas

  	
   

  
	
   

  	
  Name:

  	
  Craig M. Lucas

  
	
   

  	
  Title:

  	
  Managing Member

  

 

	
  

  	
  OMEGA ADVISORS, INC.*

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/
  Denis Wong

  	
   

  
	
   

  	
  Name:

  	
  Denis Wong

  
	
   

  	
  Title:

  	
  COO

  

 

* solely in its capacity
as investment manager of the following entities and not in its individual
corporate capacity:

Omega Capital Partners, L.P.

Omega Capital Investors, L.P.

Omega SPV Partners IV, L.P.

Omega Equity Investors, L.P.

Beta Equities, Inc.

GS&Co Profit Sharing Master Trust

Presidential Life Corporation

The Ministers and
Missionaries Benefit Board of American Baptist Churches

See attached Schedule A
for the allocation.

 

 

	
  

  	
  LEON G.
  COOPERMAN

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ Illegible

  	
   

  
	
   

  	
  Name:

  	
  Illegible

  
	
   

  	
  Title:

  	
   

  

 

	
  

  	
  Perry
  Partners LP

  
	
   

  	
   

  
	
   

  	
  By:

  	
  Perry Corp.,
  Managing Illegible Partner

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ Illegible

  	
   

  
	
   

  	
  Name:

  	
  Illegible

  
	
   

  	
  Title:

  	
  Chief Financial
  Officer

  

 

	
  

  	
  [Third
  Point Partners Qualified L.P.]

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ Justin Nadler

  	
   

  
	
   

  	
  Name:

  	
  Justin Nadler

  
	
   

  	
  Title:

  	
  COO

  

 

	
  

  	
  [Third
  Point Partners L.P.]

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ Justin Nadler

  	
   

  
	
   

  	
  Name:

  	
  Justin Nadler

  
	
   

  	
  Title:

  	
  COO

  

 

	
  

  	
  Goldman
  Sachs Principal Strategies

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ Gaurav Bhandari

  	
   

  
	
   

  	
  Name:

  	
  Gaurav Bhandari

  
	
   

  	
  Title:

  	
  Managing
  Director

  

 

	
  

  	
  Jennison
  Utility Fund (“Fund”), as series

  
	
   

  	
  of the
  Jennison Sector Funds, Inc.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  Jennison
  Associates LLC, as subadvisor

  
	
   

  	
   

  	
  to the Fund

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ Ubong Edemeka

  	
   

  
	
   

  	
  Name:

  	
  Ubong Edemeka

  
	
   

  	
  Title:

  	
  Managing
  Director

  
					

 

	
  

  	
  Jennison
  Equity Income Fund (“Fund”),

  
	
   

  	
  as
  series of the Strategic Partners Mutual

  
	
   

  	
  Funds,
  Inc.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  Jennison
  Associates LLC, as subadvisor

  
	
   

  	
   

  	
  to the Fund

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ Ubong Edemeka

  	
   

  
	
   

  	
  Name:

  	
  Ubong Edemeka

  
	
   

  	
  Title:

  	
  Managing
  Director

  
					

 

	
  

  	
  Lehman
  Brothers MLP Opportunity Fund, L.P.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ Kyri Loupis

  	
   

  
	
   

  	
  Name:

  	
  Kyri Loupis

  
	
   

  	
  Title:

  	
  Senior Vice
  President

  

 

	
  

  	
  Lehman
  Brothers MLP Partners, L.P.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ Kyri Loupis

  	
   

  
	
   

  	
  Name:

  	
  Kyri Loupis

  
	
   

  	
  Title:

  	
  Senior Vice
  President

  

 

	
  

  	
  Lehman
  Brothers Co-Investment Partners, L.P.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ David Stonberg

  	
   

  
	
   

  	
  Name:

  	
  David Stonberg

  
	
   

  	
  Title:

  	
  Managing
  Director

  

 

	
  

  	
  LB1 GROUP INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/
  Leon Zaltzman

  	
   

  
	
   

  	
  Name:

  	
  Leon Zaltzman

  
	
   

  	
  Title:

  	
  Managing Director

  

 

	
  

  	
  NEW MOUNTAIN VANTAGE, LP

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/
  Steven B. Klinsky

  	
   

  
	
   

  	
  Name:

  	
  Steven B. Klinsky

  
	
   

  	
  Title:

  	
  Managing Member of the CP

  
	
   

  	
   

  	
  New Mountain Vantage CP, LLC

  
	
   

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  NEW MOUNTAIN VANTAGE

  
	
   

  	
  (CALIFORNIA),
  LP

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/
  Steven B. Klinsky

  	
   

  
	
   

  	
  Name:

  	
  Steven B. Klinsky

  
	
   

  	
  Title:

  	
  Managing Member of the CP

  
	
   

  	
   

  	
  New Mountain Vantage CP, LLC

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  NEW MOUNTAIN VANTAGE

  
	
   

  	
  HOLDCO
  LTD.

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
    /s/
  Steven B. Klinsky

  	
   

  
	
   

  	
  Name:

  	
  Steven B. Klinsky

  
	
   

  	
  Title:

  	
  Director

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  NEW MOUNTAIN VANTAGE

  
	
   

  	
  (TEXAS),
  LP

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/
  Steven B. Klinsky

  	
   

  
	
   

  	
  Name:

  	
  Steven B. Klinsky

  
	
   

  	
  Title:

  	
  Managing Member of the CP

  
	
   

  	
   

  	
  New Mountain Vantage CP, LLC

  

 

	
  

  	
  MSDW Strategic Investments, Inc.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/
  Illegible

  	
   

  
	
   

  	
  Name:

  	
  Illegible

  
	
   

  	
  Title:

  	
   

  

 

	
  

  	
  Gerald H. Smith

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/
  Nancy Cooke

  	
   

  
	
   

  	
  Name:

  	
  Gerald H. Smith by Nancy Cooke

  
	
   

  	
  Title:

  	
  Attorney-in-Fact

  

 

	
  

  	
  THE NORTHWESTERN MUTUAL LIFE

  
	
   

  	
  INSURANCE COMPANY

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/
  David A. Barras

  	
   

  
	
   

  	
  Name:

  	
  David A. Barras

  
	
   

  	
  Title:

  	
  Its Authorized Representative

  

 

	
  

  	
  ORE HILL HUB FUND, LTD.

  
	
   

  	
  By:  Ore Hill
  Partners LLC

  
	
   

  	
  Its:  Investment
  Advisor

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/
  Claude A. Baum

  	
   

  
	
   

  	
  Name:

  	
  Claude A. Baum, Esp.

  
	
   

  	
  Title:

  	
  General Counsel

  
	
   

  	
   

  	
  Ore Hill Partners LLC

  

 

 

	
  

  	
  Meritage Fund Ltd.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/
  Alex Magaro

  	
   

  
	
   

  	
  Name:

  	
  Alex Magaro

  
	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Meritage Investors LLC

  
	
   

  	
  By: Meritage Group LP, Investment Manager

  
	
   

  	
  By: MWG GP, LLC, General Partner

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/
  Alex Magaro

  	
   

  
	
   

  	
  Name:

  	
  Alex Magaro

  
	
   

  	
  Title:

  	
  Manager

  

 

	
  

  	
  STANDARD GENERAL MASTER FUND L.P.

  
	
   

  	
   

  
	
   

  	
  By:  STANDARD
  GENERAL GP LLC, its 

  
	
   

  	
  general partner

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:  STANDARD
  GENERAL 

  
	
   

  	
  MANAGEMENT LLC, its managing

  
	
   

  	
  member

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/
  illegible

  	
   

  
	
   

  	
  Name:

  	
  illegible

  
	
   

  	
  Title:

  	
   

  

 

	
  

  	
  GREG D. KERLY

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/
  Greg D. Kerly

  	
   

  
	
   

  	
  Name:

  	
  Greg D. Kerly

  
	
   

  	
  Title:

  	
   

  

 

	
  

  	
  Alerian Capital Management LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/
  Richard Levy

  	
   

  
	
   

  	
  Name:

  	
  Richard Levy

  
	
   

  	
  Title:

  	
  CFO

  

 

	
  

  	
  GPS New Equity Fund LP

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/
  Steven Sugarman

  	
   

  
	
   

  	
  Name:

  	
  Steven Sugarman

  
	
   

  	
  Title:

  	
  Partner, GPS Partners LLC

  

 

	
  

  	
  GPS MLP Fund LP

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/
  Steven Sugarman

  	
   

  
	
   

  	
  Name:

  	
  Steven Sugarman

  
	
   

  	
  Title:

  	
  Partner, GPS Partners LLC

  

 

	
  

  	
  GPS Partners LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/
  Steven Sugarman

  	
   

  
	
   

  	
  Name:

  	
  Steven Sugarman

  
	
   

  	
  Title:

  	
  Partner

  

 

	
  

  	
  HARTZ CAPITAL MLP, LLC.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  Hartz Capital, Inc.

  
	
   

  	
   

  	
  Its Manager

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/
  Jonathan B. Schindel

  	
   

  
	
   

  	
  Name:

  	
  Jonathan B. Schindel

  
	
   

  	
  Title:

  	
  Secretary & General Counsel

  

 

	
  

  	
  HARVEST FUND ADVISORS LLC

  
	
   

  	
  on behalf of

  
	
   

  	
  HARVEST SHARING LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/
  Anthony Merhige

  	
   

  
	
   

  	
  Name:

  	
  Anthony Merhige

  
	
   

  	
  Title:

  	
  CAO & GC

  

 

	
  

  	
  HARVEST FUND ADVISORS LLC

  
	
   

  	
  on behalf of

  
	
   

  	
  HARVEST INFRASTRUCTURE

  
	
   

  	
  PARTNERS FUND LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/
  Anthony Merhige

  	
   

  
	
   

  	
  Name:

  	
  Anthony Merhige

  
	
   

  	
  Title:

  	
  CAO & GC

  

 

	
  

  	
  Farrington Capital, LP

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/
  Paul Segal

  	
   

  
	
   

  	
  Name:

  	
  Paul Segal

  
	
   

  	
  (on behalf of Farrington Capital, LP)

  
	
   

  	
  Title:

  	
  President

  

 

 

	
  

  	
  Dresdner Bank Ag

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ Ligia
  Matasur

  	
   

  
	
   

  	
  Name:

  	
  Ligia Matasur

  
	
   

  	
  Title:

  	
  Director

  
	
   

  	
  Bryan Segfried

  
	
   

  	
  Managing Director

  

 

	
  

  	
  RCH Energy Opportunity Fund II, LP

  
	
   

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

  
	
   

  	
  Its General Partner

  
	
   

  	
  By: RR Advisors, LLC

  
	
   

  	
  Its General Partner

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/
  Robert Raymond

  	
   

  
	
   

  	
  Name:

  	
  Robert Raymond

  
	
   

  	
  Title:

  	
  Sole-Member

  

 

	
  

  	
  RCH Energy MLP Fund, LP

  
	
   

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

  
	
   

  	
  Its General Partner

  
	
   

  	
  By: RR Advisors, LLC

  
	
   

  	
  Its General Partner

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/
  Robert Raymond

  	
   

  
	
   

  	
  Name:

  	
  Robert Raymond

  
	
   

  	
  Title:

  	
  Sole-Member

  

 

	
  

  	
  RCH Energy MLP Fund A, LP

  
	
   

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

  
	
   

  	
  Its General Partner

  
	
   

  	
  By: RR Advisors, LLC

  
	
   

  	
  Its General Partner

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/
  Robert Raymond

  	
   

  
	
   

  	
  Name:

  	
  Robert Raymond

  
	
   

  	
  Title:

  	
  Sole-Member

  

 

	
  

  	
  RESERVOIR MASTER FUND, LP

  
	
   

  	
  By: RMF GP, LLC, its general partner

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/
  Craig Huff

  	
   

  
	
   

  	
  Name:

  	
  Craig Huff

  
	
   

  	
  Title:

  	
  President

  

 

	
  

  	
  D. E. SHAW SYNOPTIC PORTFOLIOS

  
	
   

  	
  5, L.L.C.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/
  Daniel Posner

  	
   

  
	
   

  	
  Name:

  	
  Daniel Posner

  
	
   

  	
  Title:

  	
  Authorized Signatory

  

 

Schedule 2.01

PURCHASERS
AND COMMITMENT AMOUNTS

	
  Purchaser

  	
   

  	
  Units

  	
   

  	
  Class D Units

  	
   

  	
  Gross

  Proceeds

  to Issuer

  	
   

  
	
  Structured Finance
  Americas, LLC

  	
   

  	
  710,666

  	
   

  	
  1,913,169

  	
   

  	
  $

  	
  81,999,999.96

  	
   

  
	
  Royal Bank of Canada by
  its agent RBC Capital Markets Corporation

  	
   

  	
  433,316

  	
   

  	
  1,166,520

  	
   

  	
  $

  	
  49,998,019.13

  	
   

  
	
  Credit Suisse
  Management, LLC

  	
   

  	
  476,666

  	
   

  	
  1,283,225

  	
   

  	
  $

  	
  55,000,051.47

  	
   

  
	
  MLP Investment
  Holdings, Inc.

  	
   

  	
  823,333

  	
   

  	
  2,216,477

  	
   

  	
  $

  	
  95,000,036.25

  	
   

  
	
  AT MLP Fund, LLP

  	
   

  	
  173,333

  	
   

  	
  466,627

  	
   

  	
  $

  	
  20,000,007.40

  	
   

  
	
  Citigroup Financial
  Products Inc

  	
   

  	
  390,000

  	
   

  	
  1,049,910

  	
   

  	
  $

  	
  45,000,017.30

  	
   

  
	
  Energy Growth and
  Income Fund

  	
   

  	
  25,999

  	
   

  	
  69,994

  	
   

  	
  $

  	
  2,999,969.16

  	
   

  
	
  Fiduciary/Claymore MLP
  Opportunity Fund

  	
   

  	
  60,666

  	
   

  	
  163,319

  	
   

  	
  $

  	
  6,999,971.04

  	
   

  
	
  MLP & Strategic
  Equity Fund Inc.

  	
   

  	
  65,001

  	
   

  	
  174,986

  	
   

  	
  $

  	
  7,500,065.86

  	
   

  
	
  Fir Tree Recovery
  Master Fund LP

  	
   

  	
  21,560

  	
   

  	
  58,044

  	
   

  	
  $

  	
  2,487,780.66

  	
   

  
	
  Fir Tree Value Master
  Fund, LP

  	
   

  	
  108,440

  	
   

  	
  291,926

  	
   

  	
  $

  	
  12,512,225.12

  	
   

  
	
  Strome MLP Fund, LP

  	
   

  	
  173,333

  	
   

  	
  466,627

  	
   

  	
  $

  	
  20,000,007.40

  	
   

  
	
  UBS AG London Branch

  	
   

  	
  86,666

  	
   

  	
  233,314

  	
   

  	
  $

  	
  10,000,003.20

  	
   

  
	
  ZLP Fund LP

  	
   

  	
  286,002

  	
   

  	
  769,935

  	
   

  	
  $

  	
  33,000,107.68

  	
   

  
	
  Omega Advisors, Inc.
  solely in its capacity as investment manager

  	
   

  	
  433,333

  	
   

  	
  1,166,568

  	
   

  	
  $

  	
  50,000,049.89

  	
   

  
	
  Leon G. Cooperman.

  	
   

  	
  43,333

  	
   

  	
  116,656

  	
   

  	
  $

  	
  4,999,970.61

  	
   

  
	
  Perry Partners LP, by
  Perry Corp.

  	
   

  	
  390,000

  	
   

  	
  1,049,910

  	
   

  	
  $

  	
  45,000,017.30

  	
   

  
	
  Third Point Partners
  Qualified L.P.

  	
   

  	
  866,353

  	
   

  	
  2,332,288

  	
   

  	
  $

  	
  99,963,817.74

  	
   

  
	
  Third Point Partners
  L.P.

  	
   

  	
  866,980

  	
   

  	
  2,333,976

  	
   

  	
  $

  	
  100,036,166.02

  	
   

  
	
  Goldman Sachs Principal
  Strategies

  	
   

  	
  303,333

  	
   

  	
  816,597

  	
   

  	
  $

  	
  35,000,013.10

  	
   

  
	
  Jennison Utility Fund,
  as series of the Jennison Sector Funds, Inc.

  	
   

  	
  342,333

  	
   

  	
  921,588

  	
   

  	
  $

  	
  39,496,236.36

  	
   

  
	
  Jennison Equity Income
  Fund, as series of the Strategic Partners Mutual Funds, Inc.

  	
   

  	
  34,667

  	
   

  	
  93,325

  	
   

  	
  $

  	
  3,999,619.25

  	
   

  
	
  Lehman Brothers MLP
  Opportunity Fund

  	
   

  	
  606,666

  	
   

  	
  1,633,193

  	
   

  	
  $

  	
  69,999,995.30

  	
   

  
	
  Lehman Brothers MLP
  Partners

  	
   

  	
  693,333

  	
   

  	
  1,866,506

  	
   

  	
  $

  	
  79,999,999.49

  	
   

  
	
  Lehman Brothers
  Co-Investment Partners, L.P.

  	
   

  	
  866,667

  	
   

  	
  2,333,132

  	
   

  	
  $

  	
  100,000,007.88

  	
   

  
	
  LB1 Group Inc.

  	
   

  	
  86,667

  	
   

  	
  233,313

  	
   

  	
  $

  	
  10,000,004.19

  	
   

  
	
  New Mountain Vantage,
  L.P.

  	
   

  	
  32,700

  	
   

  	
  87,900

  	
   

  	
  $

  	
  3,769,023.39

  	
   

  
	
  New Mountain Vantage
  (California), L.P.

  	
   

  	
  32,800

  	
   

  	
  88,400

  	
   

  	
  $

  	
  3,787,710.44

  	
   

  
	
  New Mountain Vantage
  HoldCo Ltd.

  	
   

  	
  77,433

  	
   

  	
  208,427

  	
   

  	
  $

  	
  8,933,694.74

  	
   

  
	
  New Mountain Vantage
  (Texas), L.P.

  	
   

  	
  30,400

  	
   

  	
  81,900

  	
   

  	
  $

  	
  3,509,578.79

  	
   

  
	
  MSDW Strategic
  Investments, Inc.

  	
   

  	
  390,000

  	
   

  	
  1,049,910

  	
   

  	
  $

  	
  45,000,017.30

  	
   

  
	
  Gerald Smith

  	
   

  	
  8,666

  	
   

  	
  23,333

  	
   

  	
  $

  	
  1,000,030.70

  	
   

  
	
  The Northwestern Mutual
  Life Insurance Company

  	
   

  	
  260,000

  	
   

  	
  699,940

  	
   

  	
  $

  	
  30,000,011.60

  	
   

  
	
  Ore Hill Hub Fund Ltd.

  	
   

  	
  86,666

  	
   

  	
  233,314

  	
   

  	
  $

  	
  10,000,003.20

  	
   

  
	
  Meritage Fund Ltd.

  	
   

  	
  303,333

  	
   

  	
  816,597

  	
   

  	
  $

  	
  35,000,013.10

  	
   

  
	
  Standard General Master
  Fund L.P. by Standard General GP LLC, its general partner

  	
   

  	
  130,000

  	
   

  	
  349,970

  	
   

  	
  $

  	
  15,000,005.80

  	
   

  
	
  Greg D. Kerly

  	
   

  	
  43,333

  	
   

  	
  116,657

  	
   

  	
  $

  	
  5,000,001.60

  	
   

  
	
  Alerian Capital
  Management LLC

  	
   

  	
  130,000

  	
   

  	
  349,970

  	
   

  	
  $

  	
  15,000,005.80

  	
   

  
	
  GPS Partners LLC

  	
   

  	
  804,283

  	
   

  	
  2,165,194

  	
   

  	
  $

  	
  92,802,021.48

  	
   

  

 

 

	
  Purchaser

  	
   

  	
  Units

  	
   

  	
  Class D Units

  	
   

  	
  Gross

  Proceeds

  to Issuer

  	
   

  
	
  Hartz Capital MLP, LLC
  by Hartz Capital, Inc., its Manager

  	
   

  	
  69,333

  	
   

  	
  186,651

  	
   

  	
  $

  	
  8,000,002.70

  	
   

  
	
  Harvest Fund Advisors
  LLC on behalf of Harvest Sharing LLC

  	
   

  	
  21,666

  	
   

  	
  58,328

  	
   

  	
  $

  	
  2,499,969.30

  	
   

  
	
  Harvest Fund Advisors
  LLC on behalf of Harvest Infrastructure Partners Fund LLC

  	
   

  	
  43,334

  	
   

  	
  116,657

  	
   

  	
  $

  	
  5,000,033.58

  	
   

  
	
  Farrington Capital, LP

  	
   

  	
  43,333

  	
   

  	
  116,657

  	
   

  	
  $

  	
  5,000,001.60

  	
   

  
	
  Dresdner Bank Ag.

  	
   

  	
  433,333

  	
   

  	
  1,166,567

  	
   

  	
  $

  	
  50,000,018.90

  	
   

  
	
  RCH Energy Opprotunity
  Fund II, LP

  	
   

  	
  86,667

  	
   

  	
  233,313

  	
   

  	
  $

  	
  10,000,004.19

  	
   

  
	
  RCH Energy MLP Fund, LP

  	
   

  	
  42,466

  	
   

  	
  114,324

  	
   

  	
  $

  	
  4,899,995.01

  	
   

  
	
  RCH Energy MLP Fund A,
  LP

  	
   

  	
  867

  	
   

  	
  2,333

  	
   

  	
  $

  	
  100,006.58

  	
   

  
	
  Reservoir Master Fund,
  LP

  	
   

  	
  86,666

  	
   

  	
  233,314

  	
   

  	
  $

  	
  10,000,003.20

  	
   

  
	
  D.E. Shaw Synoptic
  Portfolios 5, L.L.C.

  	
   

  	
  390,000

  	
   

  	
  1,049,910

  	
   

  	
  $

  	
  45,000,017.30

  	
   

  
	
  Total

  	
   

  	
  12,999,989

  	
   

  	
  34,997,005

  	
   

  	
  $

  	
  1,500,000,380.60

  	
   

  

 

Schedule 3.14

	
  

  	
   

  	
  Units

  	
   

  
	
  Michael C. Linn

  	
   

  	
  4,211,342

  	
   

  
	
  Kolja Rockov

  	
   

  	
  483,764

  	
   

  
	
  Mark E. Ellis

  	
   

  	
  200,000

  	
   

  
	
  Lisa D. Anderson

  	
   

  	
  65,000

  	
   

  
	
  Charlene A. Ripley

  	
   

  	
  30,000

  	
   

  
	
  Roland P. Keddie

  	
   

  	
  490,622

  	
   

  
	
   

  	
   

  	
  5,480,328

  	
   

  

 

Exhibit
A

FORM OF
CLASS D AMENDMENT

AMENDMENT NO. 3 TO SECOND
AMENDED AND RESTATED

LIMITED LIABILITY COMPANY AGREEMENT OF

LINN ENERGY, LLC

THIS AMENDMENT NO. 3 TO SECOND AMENDED AND RESTATED
LIMITED LIABILITY COMPANY AGREEMENT OF LINN ENERGY, LLC (this “Amendment”),
dated as of [•], 2007, is entered into and effectuated by the Board of
Directors (the “Board”) of Linn Energy, LLC, a Delaware limited
liability company (the “Company”), pursuant to authority granted to it
in Sections 5.5 and 11.1 of the Second Amended and Restated Limited Liability
Company Agreement of the Company, dated as of January 19, 2006 (the “Limited
Liability Company Agreement”). 
Capitalized terms used but not defined herein are used as defined in the
Limited Liability Company Agreement.

WHEREAS, Section 5.5(a) of the Limited Liability
Company Agreement provides that the Company may issue additional Company
Securities for any Company purpose at any time and from time to time for such
consideration and on such terms and conditions as the Board shall determine, all
without the approval of any Members;

WHEREAS, Section 5.5(b) of the Limited Liability
Company Agreement provides that the Company Securities authorized to be issued
by the Company pursuant to Section 5.5(a) of the Limited Liability Company
Agreement may be issued in one or more classes, or one or more series of any
such classes, with such designations, preferences, rights, powers and duties
(which may be senior to existing classes and series of Company Securities) as
shall be fixed by the Board;

WHEREAS, Section 11.1(c)(vii) of the Limited Liability
Company Agreement provides that the Board, without the approval of any Member
(subject to the provisions of Section 5.6 of the Limited Liability Company
Agreement), may amend any provision of the Limited Liability Company Agreement
that the Board determines to be necessary or appropriate in connection with the
authorization of issuance of any class or series of Company Securities pursuant
to Section 5.5 of the Limited Liability Company Agreement, and the Board has
determined that the amendments contemplated hereby are necessary or appropriate
in connection therewith;

WHEREAS, the Board has determined that the issuance of
the Class D Units provided for in this Amendment is permitted by Section 5.6 of
the Limited Liability Company Agreement;

WHEREAS, Section 11.1(c)(iv) of the Limited Liability
Company Agreement provides that the Board, without the approval of any Member,
may amend any provision of the Limited Liability Company Agreement to reflect a
change that the Board determines does not adversely affect the Members
(including any particular class of Interests as compared to other classes of
Interests) in any material respect, and the Board has determined that such
amendments contemplated hereby do not adversely affect the Members in any
material respect; and

 A-1
 

WHEREAS, the Board deems it in the best interest of
the Company to effect this Amendment to provide for (i) the issuance of the
Class D Units, (ii) the conversion of the Class D Units into Units in accordance
with the terms described herein and (iii) such other matters as are provided
herein.

NOW, THEREFORE, it is hereby agreed as follows:

A.            Amendment.  The Limited Liability Company Agreement is
hereby amended as follows:

1.             Section
1.1 of the Limited Liability Company Agreement is hereby amended to add or
amend and restate the following definitions in the appropriate alphabetical
order:

“Capital
Account True-Up Election” has the meaning set forth in Section
6.1(d)(xii)(C).

“Class D Unit” means a Company Security
representing a fractional part of the Interests of all Members, and having the
rights and obligations specified with respect to the Class D Units in this
Agreement.  A “Class D Unit” shall not
constitute a Unit until such time as such Class D Unit is converted into a Unit
pursuant to Section 5.10.

“Issue Price”
means the price at which a Unit or Class D Unit is purchased from the Company,
net of any sales commissions or underwriting discount charged to the Company;
for the avoidance of doubt, in the case of the Class D Units, the Issue Price
shall be deemed to be $30.97 per Class D Unit and, in the case of the Privately
Placed Units, $32.00 per Privately Placed Unit.

“Percentage
Interest” means, as of any date of determination (a) as to any
Unitholder or holder of Class D Units holding Units or Class D Units, the
product obtained by multiplying (i) 100% less the percentage established
pursuant to clause (b) below by (ii) the quotient obtained by dividing (A) the
number of Units and Class D Units held by such Unitholder or holder of Class D
Units by (B) the total number of all Outstanding Units or Outstanding Class D
Units and (b) as to the holders of other Company Securities issued by the
Company in accordance with Section 5.5, the percentage established as part of
such issuance.

“Per Unit Capital Amount” means, as of
any date of determination, the Capital Account, stated on a per Unit, Class D
Unit or Privately Placed Unit basis, as the case may be, underlying any Unit,
Class D Unit or Privately Placed Unit, as the case may be, held by a Person.

 A-2
 

“Private Placement Value” means with
respect to the Class D Units $[•] per Class D Unit and the Privately
Placed Units $[•] per Privately Placed Unit.

“Privately
Placed Units” means the Units issued pursuant to the Unit Purchase
Agreement.

“Pro Rata” means (a) when modifying
Units, Class D Units, Privately Placed Units or any class of any thereof,
apportioned equally among all designated Units, Class D Units or Privately
Placed Units, as the case may be, in accordance with their relative Percentage
Interests, and (b) when modifying Members, apportioned among all designated
Members in accordance with their relative Percentage Interest.

“Remaining Net Positive Adjustments” means,
as of the end of any taxable period, with respect to the holders of Units,
Privately Placed Units or Class D Units, the excess of (i) the Net Positive
Adjustments of the holders of Units, Privately Placed Units or Class D Units as
of the end of such period over (ii) the sum of those Members’ Share of
Additional Book Basis Derivative Items for each prior taxable period.

“Share of Additional Book Basis Derivative Items”
means, in connection with any allocation of Additional Book Basis Derivative
Items for any taxable period, with respect to the holders of Units, Privately
Placed Units or Class D Units, the amount that bears the same ratio to such
Additional Book Basis Derivative Items as the holders’ Remaining Net Positive
Adjustments as of the end of such period bears to the Aggregate Remaining Net
Positive Adjustments as of that time.

“Unit”
means a Company Security representing a fractional part of the Interests of all
Members, and having the rights and obligations specified with respect to Units
in this Agreement, which includes Privately Placed Units.  The term “Unit” does not refer to a Class D
Unit prior to its conversion into a Unit pursuant to the terms hereof.

“Unit Majority” means a majority of the
Outstanding Units.

“Unit
Purchase Agreement” means the Class D Unit and Unit Purchase Agreement
dated as of June 29, 2007 between the Company and the purchasers named
therein.

2.             Article
IV of the Limited Liability Company Agreement is hereby amended to add a new
Section 4.6(c) as follows:

 A-3
 

(c)           The
transfer of a Class D Unit or a Privately Placed Unit shall be subject to the
restrictions imposed by Section 6.5.

3.             Section 5.4(a) of the
Limited Liability Company Agreement is hereby amended to add the following at
the end of such section:

The
initial Capital Account balance in respect of each Class D Unit shall be the
Private Placement Value for such Class D Unit, and the initial Capital Account
balance of each holder of Class D Units in respect of all Class D Units held
shall be the product of such initial balance for a Class D Unit multiplied by the
number of Class D Units held thereby. 
The initial Capital Account balance in respect of each Privately Placed
Unit shall be the Private Placement Value for such Privately Placed Unit, and
the initial Capital Account balance of each holder of Privately Placed Units in
respect of all Privately Placed Units held shall be the product of such initial
balance for a Privately Placed Unit multiplied by the number of Privately
Placed Units held thereby.  Immediately
following the creation of a Capital Account balance in respect of each Class D
Unit, each holder acquiring a Class D Unit at original issuance shall be deemed
to have received a cash distribution in respect of such Class D Units in an
amount equal to the product of (x) the total number of Class D Units so
acquired by such holder multiplied by (y) the difference between the Private
Placement Value and the Issue Price of a Class D Unit.  Immediately following the creation of a
Capital Account balance in respect of each Privately Placed Unit, each Unitholder
acquiring a Privately Placed Unit at original issuance shall be deemed to have
received a cash distribution in respect of such Privately Placed Units in an
amount equal to the product of (x) the total number of Privately Placed Units
so acquired by such Unitholder multiplied by (y) the difference between the
Private Placement Value and the Issue Price of a Privately Placed Unit.  The purpose of the four preceding sentences
is to provide the initial purchasers of Class D Units and Privately Placed
Units with a net Capital Account in the Class D Units and Privately Placed
Units on the date of purchase equal to the Issue Price paid by those purchasers
for the Class D Units and Privately Placed Units.

4.             Section 5.4(c)(i) of
the Limited Liability Company Agreement is hereby amended to add the following
at the end of such section:

Any adjustments that are made under this paragraph in
connection with the issuance of the Class D Units or the Privately Placed Units
shall be based on the Private Placement Value of the Class D Units and the
Privately Placed Units.

5.             Article
V of the Limited Liability Company Agreement is hereby amended to add a new
Section 5.10 creating a new series of Company Securities as follows:

Section 5.10  Establishment of Class D Units.

(a)           General.  The Board hereby designates and creates a
series of Company Securities to be
designated as “Class D Units” 

 A-4
 

and consisting of a total
of 34,997,005 Class D Units, and fixes the designations, preferences and
relative, participating, optional or other special rights, powers and duties of
holders of the Class D Units as set forth in this Section 5.10.

(b)           Allocations.  Except as otherwise provided in this
Agreement, including Section 6.1(d)(iii), all items of Company income, gain,
loss, deduction and credit shall be allocated to the Class D Units to the same
extent as such items would be so allocated if such Class D Units were Units
(other than Privately Placed Units) that were then Outstanding.

(c)           Distributions.  Each Class D Unit shall have the right to
share in Company distributions on a Pro Rata basis with the Units, with the
amount of distributions on each such Class D Unit being equal to 115% of the
quarterly cash distribution amount payable on each Unit.

(d)           Vote of Unitholders. 
Except as provided in this Section 5.10, the Class D Units are not
convertible into Units.  The Board shall,
as promptly as practicable following the issuance of the Class D Units, but in
any event not later than 120 days following the Closing Date, take such actions
as may be necessary or appropriate to submit to a vote or consent of the
holders of the Units the approval of a change in the terms of the Class D Units
to provide that each Class D Unit will automatically convert into one Unit
(subject to appropriate adjustment in the event of any split-up, combination or
similar event affecting the Units that occurs prior to the conversion of the
Class D Units) effective immediately upon such approval by the Unitholders of
the issuance of additional Units upon such automatic conversion without any
further action by the holders thereof. 
The vote or consent required for such approval will be the requisite
vote required under this Agreement and under the rules or staff interpretations
of the National Securities Exchange on which the Units are listed or admitted
to trading for the listing or admission to trading of the Units that would be
issued upon any such conversion.  Upon
receipt of such approval and compliance with Section 5.10(f), the terms of the
Class D Units will be changed, automatically and without further action, so
that each Class D Unit is converted into one Unit and, immediately thereafter,
none of the Class D Units shall be Outstanding.

(e)           Change in Rules of National Securities Exchange.  If at any time (i) the rules of the National
Securities Exchange on which the Units are listed or admitted to trading or the
staff interpretations of such rules are changed or (ii) facts or 

 A-5
 

circumstances arise so
that no vote or consent of Unitholders is required as a condition to the
listing or admission to trading of the Units that would be issued upon any
conversion of any Class D Units into Units as provided in Section 5.10(d), the
terms of such Class D Units will be changed so that each Class D Unit is
converted (without further action or any vote of any Unitholders other than
compliance with Section 5.10(f)) into one Unit (subject to appropriate
adjustment in the event of any split-up, combination or similar event affecting
the Units that occurs prior to the conversion of the Class D Units) and,
immediately thereafter, none of the Class D Units shall be Outstanding.

(f)            Surrender of Certificates.  Upon receipt of the approval of
the holders of the Units  to
convert the Class D Units into Units in accordance with Section 5.10(d) or a
change in rules of the National Securities Exchange or a change in facts and
circumstances as described in Section 5.10(e), the Board shall give the holders
of the Class D Units prompt notice of such approval or change and, subject to
Section 6.5, each holder of Class D Units shall promptly surrender the Class D
Unit Certificates therefor, duly endorsed, at the office of the Company or of
any transfer agent for the Class D Units. 
In the case of any such conversion, the Company shall, as soon as
practicable thereafter, issue and deliver at such office to such holder of
Class D Units one or more Unit Certificates, registered in the name of such
holder, for the number of Units to which such holder shall be entitled as
aforesaid.  Such conversion shall be
deemed to have been made as of the date of the event specified in Section
5.10(d) or Section 5.10(e), as the case may be, and the Person entitled to
receive the Units issuable upon such conversion shall be treated for all
purposes as the record holder of such Units on said date.

(g)           Voting Rights. 
The Class D Units are non-voting, except that the Class D
Units shall be entitled to vote as a separate class on any matter that
adversely affects the rights or preferences of the Class D Units in relation to
other classes of Interests (including as a result of a merger or consolidation)
or as required by law.  The approval of a
majority of the Class D Units shall be required to approve any matter for which
the holders of the Class D Units are entitled to vote.

6.             Section
6.1(c) of the Limited Liability Company Agreement is hereby amended to restate
Section 6.1(c)(i)(B) as follows:

(B)           Second, 100% to all
Unitholders and holders of Class D Units in accordance with their respective
Percentage Interests.

 A-6
 

7.             Section
6.1(c) of the Limited Liability Company Agreement is hereby amended to add a
new Section 6.1(c)(ii)(A) as follows:

(A)          First, to the holders of
Class D Units, Pro Rata, until the Capital Account in respect to each Class D
Unit then Outstanding has been reduced to zero; and

8.             Section
6.1(c)(ii)(A) of the Limited Liability Company Agreement is hereby redesignated
as Section 6.1(c)(ii)(B), and Section 6.1(c)(ii)(B) of the Limited Liability
Company Agreement is hereby redesignated as Section 6.1(c)(ii)(C).

9.             Article
VI of the Limited Liability Company Agreement is hereby amended to add a new
Section 6.1(d)(iii) as follows:

(iii)          Priority
Allocations.  If the amount of
cash or the Net Agreed Value of any property distributed (except cash or
property distributed or deemed distributed pursuant to Section 5.4(a) of this
Agreement with respect to Class D Units or Privately Placed Units, or Section
10.3 of this Agreement) to any holder of Class D Units with respect to its
Class D Units for a taxable year is greater (on a per Class D Unit basis) than
the amount of cash or the Net Agreed Value of property distributed to the
Unitholders with respect to their Units (on a per Unit basis), then each holder
of Class D Units receiving such greater cash or property distribution shall be
allocated gross income in an amount equal to the product of (a) the amount by
which the distribution (on a per Class D Unit basis) to such holder of Class D
Units exceeds the distribution (on a per Unit basis) to the Unitholders and (b)
the number of Class D Units owned by the holder of Class D Units.

10.           Article VI of the
Limited Liability Company Agreement is hereby amended to add a new Section
6.1(d)(xii) as follows:

(xii)          Allocations
for Class D Units and Privately Placed Units.

                (A)          With respect to any
taxable period of the Company ending upon, or after, a Book-Up Event, a
Book-Down Event or a sale of all or substantially all of the assets of the
Company occurring after the date of issuance of the Class D Units and the
Privately Placed Units, Company items of income or gain for such taxable period
shall be allocated 100% (1) to the Members holding Class D Units or converted
Class D Units that are Outstanding as of the time of such event in proportion
to the number of Class D Units or converted Class D Units held by such Members,
until each such Member has been allocated the amount that increases the Capital
Account of such Class D Unit or converted Class D Unit to the Per Unit Capital
Amount for a then outstanding Unit (other than a converted Class D Unit or a
Privately Placed Unit) and (2) to the 

 A-7
 

Members holding Privately Placed Units that are
Outstanding as of the time of such event in proportion to the number of
Privately Placed Units held by such Members, until each such Member has been
allocated the amount that increases the Capital Account of such Privately
Placed Unit to the Per Unit Capital Amount for a then outstanding Unit (other
than a Privately Placed Unit or a Class D Unit).

(B)           With
respect to any taxable period of the Company ending upon, or after, the
transfer of converted Class D Units or Privately Placed Units to a Person that
is not an Affiliate of the holder, Company items of income or gain for such
taxable period shall be allocated 100% (1) to the Members transferring such
converted Class D Units in proportion to the number of converted Class D Units
transferred by such Members, until each such Member has been allocated the
amount that increases the Capital Account of such converted Class D Unit to the
Per Unit Capital Amount for a then outstanding Unit (other than a converted
Class D Unit or a Privately Placed Unit) and (2) to the Members transferring
such Privately Placed Units in proportion to the number of Privately Placed
Units transferred by such Members, until each such Member has been allocated
the amount that increases the Capital Account of such Privately Placed Unit to
the Per Unit Capital Amount for a then outstanding Unit (other than a Privately
Placed Unit or a converted Class D Unit).

(C)           With
respect to the first taxable period of the Company ending upon, or after, the
date of issuance of the Class D Units or the Privately Placed Units, at the
election of a Member holding Class D Units or Privately Placed Units (the “Capital
Account True-Up Election”), items of income or gain for such taxable period
shall be allocated 100% to the Members making such Capital Account True-Up
Election with respect to Class D Units or Privately Placed Units that are
Outstanding as of the time of such Capital Account True-Up Election in
proportion to the number of Class D Units or Privately Placed Units held by
such Members, until each such Member has been allocated the amount that
increases the Capital Account of such Class D Unit or Privately Placed Unit to
the Per Unit Capital Amount for a then outstanding Unit (other than a Class D
Unit or a Privately Placed Unit).

11.           Section 6.1(d)(xi)(A) of the Limited
Liability Company Agreement is hereby amended to replace the phrase “this
Amended and Restated Limited Liability Company Agreement” in the two places
that it appears to “this Agreement”.

12.           Section 6.4 of the Limited Liability
Company Agreement is hereby amended to replace the reference to “Section 5.6(b)”
with “Section 5.5(b)”.

13.           Article
VI is hereby amended to add a new Section 6.5 as follows:

 A-8
 

Section 6.5             Special
Provisions Relating to Holders of Class D Units and Privately Placed Units.  A holder of (1) a Privately Placed Unit or
(2) a Class D Unit that has converted into a Unit pursuant to Section 5.10
shall be required to provide notice to the Board of the number of Privately
Placed Units or converted Class D Units transferred by such holder no later
than the last Business Day of the calendar year during which such transfer
occurred, unless (x) the transfer is to an Affiliate of the holder or (y) by
virtue of the application of Section 6.1(d)(xii)(B) to a prior transfer of the
Unit or the application of Section 6.1(d)(xii)(A) or Section 6.1(d)(xii)(C),
the Board has previously determined, based on advice of counsel, that the
Privately Placed Unit or converted Class D Unit should have, as a substantive
matter, like intrinsic economic and federal income tax characteristics of an
Initial Unit; provided, that such holder may cure any failure to provide such
notice by providing such notice within 20 days of the last Business Day of such
calendar year.  The sole and exclusive
remedy for any holder’s failure to provide any such notice shall be the
enforcement of the remedy of specific performance against such holder and there
will be no monetary damages.  In
connection with the condition imposed by this Section 6.5, the Board shall take
whatever steps are required to provide economic uniformity to the Privately
Placed Units and converted Class D Units in preparation for a transfer thereof,
including the application of Section 6.1(d)(xii)(B); provided,
however, that no such steps may be taken that would have a material
adverse effect on the Unitholders holding Units represented by Unit
Certificates.

B.            Agreement
in Effect.  Except as hereby amended,
the Limited Liability Company Agreement shall remain in full force and effect.

C.            Applicable
Law.  This Amendment shall be
construed in accordance with and governed by the laws of the State of Delaware,
without regard to principles of conflicts of laws.

D.            Invalidity
of Provisions.  If any provision of
this Amendment is or becomes invalid, illegal or unenforceable in any respect,
the validity, legality and enforceability of the remaining provisions contained
herein shall not be affected thereby.

[Signature
Page Follows]

 A-9
 

IN WITNESS WHEREOF, this Amendment has been executed
as of the date first written above.

	
  

  	
  LINN
  ENERGY, LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Kolja Rockov

  
	
   

  	
   

  	
  Executive Vice
  President and Chief Financial 

  
	
   

  	
   

  	
  Officer

  

 

 

 

[Signature Page to
Amendment No. 3]

 A-10

Exhibit B

Capitalized terms used but not defined herein have
the meaning assigned to such terms in the Class D Unit and Unit Purchase
Agreement dated as of June 29, 2007 (the “Purchase Agreement”).  Linn Energy shall furnish to the Purchasers
at the Closing an opinion of Vinson & Elkins L.L.P., counsel for Linn
Energy, addressed to the Purchasers and dated the Closing Date in form
satisfactory to Pillsbury Winthrop Shaw Pittman LLP, counsel for the
Purchasers, stating that:

(i)            Linn
Energy: (i) is a limited liability company duly organized, validly existing and
in good standing under the Laws of the State of Delaware; (ii) has all
requisite limited liability company power and authority, and has all material
governmental licenses, authorizations, consents and approvals, necessary to own
its Properties and carry on its business as its business is now being conducted
as described in the Linn Energy SEC Documents, except where the failure to
obtain such licenses, authorizations, consents and approvals would not reasonably
be expected to have a Linn Energy Material Adverse Effect; and (iii) is duly
qualified to do business in the jurisdictions listed in Annex A hereto,
except where failure so to qualify would not reasonably be expected to have a
Linn Energy Material Adverse Effect.

(ii)           As
of the open of business on the date hereof, and prior to the sale and issuance
of the Purchased Class D Units and the Purchased Units as contemplated by the
Purchase Agreement, the issued and outstanding membership interests of Linn
Energy consist of [65,605,765] Units. 
All of the outstanding Units have been duly authorized and validly
issued in accordance with applicable Law and the Limited Liability Company
Agreement and are fully paid (to the extent required by the Limited Liability
Company Agreement) and non-assessable (except as such non-assessability may be
affected by Section 18-607 of the Delaware LLC Act).

(iii)          To our knowledge, except as described in the
Linn Energy SEC Documents filed prior to the date hereof, for options granted
pursuant to Linn Energy’s existing (a) Long-Term Incentive Plan and (b)
Memorandum of Understanding Regarding Compensation Arrangements for Members of
its Board of Directors, or as contemplated by the Purchase Agreement, there are
no outstanding or authorized (i) options, warrants, preemptive rights,
subscriptions, calls or other rights, convertible securities, agreements,
claims or commitments of any character obligating Linn Energy or any of its
Subsidiaries to issue, transfer or sell any limited liability company interests
or other equity interests in Linn Energy or any of its Subsidiaries or
securities convertible into or exchangeable for such limited liability company
interests or other equity interests, (ii) obligations of Linn Energy or any of
its Subsidiaries to repurchase, redeem or otherwise acquire any limited
liability company interests or other equity interests in Linn Energy or any of
its Subsidiaries or any such securities or agreements listed in clause (i) of
this sentence or (iii) voting trusts or similar agreements to which Linn Energy
or 

 B-1
 

any of its Subsidiaries is a party with respect to the
voting of the equity interests of Linn Energy or any of its Subsidiaries.

(iv)          The
Purchased Class D Units and the Purchased Units and the membership interests
represented thereby have been duly authorized by Linn Energy pursuant to the
Limited Liability Company Agreement and, when issued and delivered to the
Purchasers against payment therefor in accordance with the terms of the
Purchase Agreement, will be validly issued, fully paid (to the extent required
by the Limited Liability Company Agreement) and non-assessable (except as such
non-assessability may be affected by Section 18-607 of the Delaware LLC Act).

(v)           The
Units issuable upon conversion of the Class D Units, and the membership
interests represented thereby, upon issuance in accordance with the terms of
the Class D Units as reflected in the Limited Liability Company Agreement (as
amended by the Class D Amendment) have been duly authorized by Linn Energy
pursuant to the Limited Liability Company Agreement and will be fully paid (to
the extent required by the Limited Liability Company Agreement) and
non-assessable (except as such non-assessability may be affected by Section
18-607 of the Delaware LLC Act) and, subject to the receipt of the required
Unitholder approval, will be validly issued.

(vi)          None
of the offering, issuance and sale by Linn Energy of the Purchased Class D
Units or the Purchased Units or the execution, delivery and performance of the
Basic Documents by Linn Energy (A) constitutes or will constitute a violation
of Linn Energy’s Certificate of Formation or Limited Liability Company
Agreement, (B) without duplication of clause (A), constitutes or will
constitute a breach or violation of, or a default under (or an event which,
with notice or lapse of time or both, would constitute such an event), any
agreement filed as an exhibit to the Linn Energy SEC Documents, or (C) results
or will result in any violation of the Delaware LLC Act, the Laws of the State
of New York or U.S. federal Law, which in the case of clause (B) or (C) of this
paragraph (vi) would be reasonably expected to have a Linn Energy Material
Adverse Effect; provided, however,
that no opinion is expressed pursuant to this paragraph (vi) with respect to
federal or state securities or anti-fraud statutes, rules or regulations.

(vii)         Each of the Basic Documents to which Linn
Energy is a party has been duly authorized and validly executed and delivered
on behalf of Linn Energy, and is enforceable against Linn Energy in accordance
with its respective terms, except as such enforceability may be limited by (A)
applicable bankruptcy, insolvency, fraudulent transfer, reorganization,
moratorium or similar Laws from time to time in effect affecting creditors’
rights and remedies generally and by general principles of equity (regardless
of whether such principles are considered in a proceeding in equity or at law)
and (B) public policy, applicable Law relating to fiduciary duties and
indemnification and an implied covenant of good faith and fair dealing.

 B-2
 

(viii)        Except for the approvals required by the
Commission in connection with Linn Energy’s obligations under the Registration
Rights Agreement (including the registration statement referenced therein) and
the Unitholder approval required in connection with the conversion of Class D
Units to Units, no authorization, consent, approval, waiver, license,
qualification or written exemption from, nor any filing, declaration, qualification
or registration with, any Governmental Authority is required in connection with
the execution, delivery or performance by Linn Energy of any of the Basic
Documents to which it is a party, except those that have been obtained or may
be required under the state securities or “blue sky” laws, as to which we do
not express any opinion.

(ix)           Linn
Energy is not an “investment company” within the meaning of the Investment
Company Act of 1940, as amended.

(x)            Assuming
the accuracy of the representations and warranties of each Purchaser contained
in the Purchase Agreement, the issuance and sale of the Purchased Class D Units
and the Purchased Units pursuant to the Purchase Agreement are exempt from
registration requirements of the Securities Act of 1933, as amended.

Linn Energy shall furnish to the Purchasers at the
Closing an opinion of Charlene A. Ripley, General Counsel of Linn Energy,
addressed to the Purchasers and dated the Closing Date in form satisfactory to
Pillsbury Winthrop Shaw Pittman LLP, counsel for the Purchasers, stating that:

(i)            None
of the offering, issuance and sale by Linn Energy of the Purchased Class D
Units or the Purchased Units or the execution, delivery and performance of the
Basic Documents by Linn Energy (A) constitutes or will constitute a violation
of any organizational documents of any of Linn Energy’s Subsidiaries or (B)
will result in a breach or violation (and, to such counsel’s knowledge, no
event has occurred that, with notice or lapse of time or otherwise, would
constitute such an event) or imposition of any lien, charge or encumbrance upon
any Property of Linn Energy or its Subsidiaries pursuant to (i) any agreement,
lease or other instrument known to such counsel (excluding any agreement filed
as an exhibit to the Linn Energy SEC Documents) or (ii) to the knowledge of
such counsel, any order, judgment, decree or injunction of any federal or
Delaware court or government agency or body directed to any of Linn Energy or
its Subsidiaries or any of its respective Properties in a proceeding to which
any of them or such Property is a party, which breaches, violations or liens
would reasonably be expected to have a Linn Energy Material Adverse Effect; provided, however, that
no opinion is expressed pursuant hereto with respect to federal or state
securities Laws or other anti-fraud Laws.

(ii)           All
of the issued and outstanding equity interests of each of Linn Energy’s
Subsidiaries are owned, directly or indirectly, by Linn Energy free and clear
of any Liens (A) in respect of which a financing statement under the Uniform
Commercial Code naming Linn Energy or any of its Subsidiaries as 

 B-3
 

debtors is on file in the office of the Secretary of
State of the State of Delaware, (B) otherwise known to such counsel without
independent investigation, other than those created under applicable Law and
(C) except for such Liens as may be imposed under Linn Energy’s or its
Subsidiaries’ credit facilities, and all such ownership interests have been
duly authorized and validly issued and are fully paid (to the extent required
by the organizational documents of Linn Energy’s Subsidiaries, as applicable)
and non-assessable (except as non-assessability may be affected by matters
described in Section 18-607 of the Delaware LLC Act or the organizational documents
of Linn Energy’s Subsidiaries, as applicable) and free of preemptive rights,
and, to our knowledge, except as disclosed in the Linn Energy SEC Documents,
neither Linn Energy nor any of its Subsidiaries owns any shares of capital
stock or other securities of, or interests in, any other Person or is obligated
to make any capital contribution to or other investment in any other Person.

 B-4

Exhibit C

REGISTRATION RIGHTS
AGREEMENT

BY AND AMONG

LINN ENERGY, LLC

AND

THE PURCHASERS NAMED
HEREIN

Table of Contents

	
  

  	
   

  	
   

  	
   

  	
  Page

  
	
  ARTICLE I

  	
   

  	
   

  
	
  DEFINITIONS

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 1.01. 

  	
   

  	
  Definitions

  	
   

  	
  1

  
	
  Section 1.02. 

  	
   

  	
  Accounting Procedures and Interpretation

  	
   

  	
  6

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE II

  	
   

  	
   

  
	
  SALE AND
  PURCHASE

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 2.01. 

  	
   

  	
  Sale and Purchase

  	
   

  	
  6

  
	
  Section 2.02. 

  	
   

  	
  Closing

  	
   

  	
  7

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE III

  	
   

  	
   

  
	
  REPRESENTATIONS
  AND WARRANTIES OF LINN ENERGY

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 3.01. 

  	
   

  	
  Corporate Existence

  	
   

  	
  8

  
	
  Section 3.02. 

  	
   

  	
  Capitalization and Valid Issuance of Purchased Class
  D Units and Purchased Units

  	
   

  	
  8

  
	
  Section 3.03. 

  	
   

  	
  Linn Energy SEC Documents

  	
   

  	
  10

  
	
  Section 3.04. 

  	
   

  	
  No Material Adverse Change

  	
   

  	
  10

  
	
  Section 3.05. 

  	
   

  	
  Litigation

  	
   

  	
  10

  
	
  Section 3.06. 

  	
   

  	
  No Breach

  	
   

  	
  11

  
	
  Section 3.07. 

  	
   

  	
  Authority

  	
   

  	
  11

  
	
  Section 3.08. 

  	
   

  	
  Approvals

  	
   

  	
  11

  
	
  Section 3.09. 

  	
   

  	
  MLP Status

  	
   

  	
  11

  
	
  Section 3.10. 

  	
   

  	
  Investment Company Status

  	
   

  	
  12

  
	
  Section 3.11. 

  	
   

  	
  Offering

  	
   

  	
  12

  
	
  Section 3.12. 

  	
   

  	
  Certain Fees

  	
   

  	
  12

  
	
  Section 3.13. 

  	
   

  	
  No Side Agreements

  	
   

  	
  12

  
	
  Section 3.14. 

  	
   

  	
  Class D Unit Vote

  	
   

  	
  12

  
	
  Section 3.15. 

  	
   

  	
  Unitholder Voting Agreement

  	
   

  	
  12

  
	
  Section 3.16. 

  	
   

  	
  Internal Accounting Controls

  	
   

  	
  12

  
	
  Section 3.17. 

  	
   

  	
  Preemptive Rights or Registration Rights

  	
   

  	
  13

  
	
  Section 3.18. 

  	
   

  	
  Insurance

  	
   

  	
  13

  
	
  Section 3.19. 

  	
   

  	
  Acknowledgment
  Regarding Purchase of Purchased Units and Purchased Class D Units

  	
   

  	
  13

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE IV

  	
   

  	
   

  
	
  REPRESENTATIONS
  AND WARRANTIES OF EACH PURCHASER

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 4.01. 

  	
   

  	
  Valid Existence

  	
   

  	
  14

  
	
  Section 4.02. 

  	
   

  	
  No Breach

  	
   

  	
  14

  
	
  Section 4.03. 

  	
   

  	
  Investment

  	
   

  	
  14

  
	
  Section 4.04. 

  	
   

  	
  Nature of Purchaser

  	
   

  	
  15

  
	
  Section 4.05. 

  	
   

  	
  Receipt of Information; Authorization

  	
   

  	
  15

  
	
  Section 4.06. 

  	
   

  	
  Restricted Securities

  	
   

  	
  15

  
	
  Section 4.07. 

  	
   

  	
  Certain Fees

  	
   

  	
  15

  
	
  Section 4.08. 

  	
   

  	
  Legend

  	
   

  	
  16

  

 

 

	
  Section 4.09. 

  	
   

  	
  No Side Agreements

  	
   

  	
  16

  
	
  Section 4.10. 

  	
   

  	
  Short Selling

  	
   

  	
  16

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE V

  	
   

  	
   

  
	
  COVENANTS

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 5.01. 

  	
   

  	
  Shareholder Vote With Respect to Conversion

  	
   

  	
  17

  
	
  Section 5.02. 

  	
   

  	
  Subsequent Public Offerings

  	
   

  	
  17

  
	
  Section 5.03. 

  	
   

  	
  Vote For Conversion of Class D Units

  	
   

  	
  18

  
	
  Section 5.04. 

  	
   

  	
  Purchaser Lock-Up

  	
   

  	
  18

  
	
  Section 5.05. 

  	
   

  	
  Taking of Necessary Action

  	
   

  	
  18

  
	
  Section 5.06. 

  	
   

  	
  Non-Disclosure; Interim Public Filings

  	
   

  	
  19

  
	
  Section 5.07. 

  	
   

  	
  Use of Proceeds

  	
   

  	
  19

  
	
  Section 5.08. 

  	
   

  	
  Class D Amendment

  	
   

  	
  19

  
	
  Section 5.09. 

  	
   

  	
  Tax Information

  	
   

  	
  20

  
	
  Section 5.10. 

  	
   

  	
  Short Selling Acknowledgement and Agreement

  	
   

  	
  20

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE VI

  	
   

  	
   

  
	
  CLOSING
  CONDITIONS

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 6.01. 

  	
   

  	
  Conditions to the Closing

  	
   

  	
  20

  
	
  Section 6.02. 

  	
   

  	
  Linn Energy Deliveries

  	
   

  	
  22

  
	
  Section 6.03. 

  	
   

  	
  Purchaser Deliveries

  	
   

  	
  23

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE VII

  	
   

  	
   

  
	
  INDEMNIFICATION,
  COSTS AND EXPENSES

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 7.01. 

  	
   

  	
  Indemnification by Linn Energy

  	
   

  	
  23

  
	
  Section 7.02. 

  	
   

  	
  Indemnification by Purchasers

  	
   

  	
  23

  
	
  Section 7.03. 

  	
   

  	
  Indemnification Procedure

  	
   

  	
  23

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE VIII

  	
   

  	
   

  
	
  MISCELLANEOUS

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Section 8.01. 

  	
   

  	
  Interpretation

  	
   

  	
  24

  
	
  Section 8.02. 

  	
   

  	
  Survival of Provisions

  	
   

  	
  25

  
	
  Section 8.03. 

  	
   

  	
  No Waiver; Modifications in Writing

  	
   

  	
  25

  
	
  Section 8.04. 

  	
   

  	
  Binding Effect; Assignment

  	
   

  	
  25

  
	
  Section 8.05. 

  	
   

  	
  Aggregation of Purchased Class D Units and Purchased
  Units

  	
   

  	
  26

  
	
  Section 8.06. 

  	
   

  	
  Confidentiality and Non-Disclosure

  	
   

  	
  26

  
	
  Section 8.07. 

  	
   

  	
  Communications

  	
   

  	
  26

  
	
  Section 8.08. 

  	
   

  	
  Removal of Legend

  	
   

  	
  35

  
	
  Section 8.09. 

  	
   

  	
  Entire Agreement

  	
   

  	
  36

  
	
  Section 8.10. 

  	
   

  	
  Governing Law

  	
   

  	
  36

  
	
  Section 8.11. 

  	
   

  	
  Execution in Counterparts

  	
   

  	
  36

  
	
  Section 8.12. 

  	
   

  	
  Termination

  	
   

  	
  36

  
	
  Section 8.13. 

  	
   

  	
  Expenses

  	
   

  	
  37

  
	
  Section 8.14. 

  	
   

  	
  Recapitalization, Exchanges, Etc. Affecting the
  Purchased Class D Units and the Purchased Units

  	
   

  	
  38

  
	
  Section 8.15. 

  	
   

  	
  Obligations Limited
  to Parties to Agreement

  	
   

  	
  38

  

 

REGISTRATION RIGHTS AGREEMENT

THIS REGISTRATION RIGHTS AGREEMENT (this “Agreement”)
is made and entered into as of [•], 2007 by and among Linn Energy, LLC, a
Delaware limited liability company (“Linn Energy”), and the purchasers named in Schedule
[•] to this Agreement (each such purchaser a “Purchaser” and,
collectively, the “Purchasers”).

WHEREAS, this Agreement is made in connection with the
Closing of the issuance and sale of the Purchased Class D Units and the
Purchased Units pursuant to the Class D Unit and Unit Purchase Agreement, dated
as of June 29, 2007, by and among Linn Energy and the Purchasers (the “Purchase
Agreement”);

WHEREAS, Linn Energy has agreed to provide the
registration and other rights set forth in this Agreement for the benefit of the
Purchasers pursuant to the Purchase Agreement; and

WHEREAS, it is a condition to the obligations of each
Purchaser and Linn Energy under the Purchase Agreement that this Agreement be
executed and delivered.

NOW THEREFORE, in consideration of the mutual covenants
and agreements set forth herein and for good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged by each party hereto,
the parties hereby agree as follows:

ARTICLE I

DEFINITIONS

Section 1.01           Definitions.  Capitalized terms used herein without
definition shall have the meanings given to them in the Purchase
Agreement.  The terms set forth below are
used herein as so defined:

“Agreement” has the meaning specified therefor
in the introductory paragraph.

“Effectiveness Period” has the meaning
specified therefor in Section 2.01(a)(i) of this Agreement.

“Holder” means the record holder of any
Registrable Securities.

“Included Registrable Securities” has the
meaning specified therefor in Section 2.02(a) of this Agreement.

“June 2007 Holders” has the meaning specified
therefor in Section 2.01(a)(i).

“June 2007 Offering Registration Statement
Effective Date” has the meaning specified therefor in
Section 2.01(a)(i).

“Linn Energy” has the meaning specified
therefor in the introductory paragraph.

“Liquidated Damages” has the meaning specified
therefor in Section 2.01(a)(ii) of this Agreement.

 C-1
 

“Liquidated Damages Multiplier” means (i) the
product of $30.97 times the number of Class D Units purchased by such Purchaser
plus (ii) the product of $32.00 times the number of Units purchased by such
Purchaser.

“Linn Energy” has the meaning specified
therefor in the introductory paragraph.

“Losses” has the meaning specified therefor in
Section 2.08(a) of this Agreement.

“Managing Underwriter” means, with respect to
any Underwritten Offering, the book-running lead manager of such Underwritten
Offering.

“Opt Out Notice” has the meaning specified
therefor in Section 2.02(a) of this Agreement.

“Partners” has the meaning specified therefor
in Section 2.02(b) of this Agreement.

“Placement Agent” means Lehman Brothers Inc.,
Citigroup Global Markets Inc. or RBC Capital Markets Corporation.

“Purchase Agreement” has the meaning specified
therefor in the Recitals of this Agreement.

“Purchaser” and “Purchasers” have the
meanings specified therefor in the introductory paragraph of this Agreement.

“Purchaser Underwriter Registration Statement”
has the meaning specified therefor in Section 2.04(o) of this Agreement.

“Registrable Securities” means: (i) the
Purchased Units, (ii) the Units issuable upon conversion of the Purchased Class
D Units, (iii) any Units issued as Liquidated Damages pursuant to this
Agreement and (iv) any Units issuable upon conversion of Class D Units issued
as Liquidated Damages pursuant to this Agreement, all of which Registrable
Securities are subject to the rights provided herein until such rights
terminate pursuant to the provisions hereof.

“Registration Expenses” has the meaning
specified therefor in Section 2.07(a) of this Agreement.

“Registration Statement” has the meaning
specified therefor in Section 2.01(a)(i) of this Agreement.

“Selling Expenses” has the meaning specified
therefor in Section 2.07(a) of this Agreement.

“Selling Holder” means a Holder who is selling
Registrable Securities pursuant to a registration statement.

“Underwritten Offering” means an offering
(including an offering pursuant to a Registration Statement) in which Units are
sold to an underwriter on a firm commitment basis 

 C-2
 

for reoffering to the
public or an offering that is a “bought deal” with one or more investment
banks.

Section 1.02           Registrable
Securities.  Any Registrable Security
will cease to be a Registrable Security when: (a) a registration statement
covering such Registrable Security has been declared effective by the
Commission and such Registrable Security has been sold or disposed of pursuant
to such effective registration statement; (b) such Registrable Security has
been disposed of pursuant to any section of Rule 144 (or any similar provision
then in force) under the Securities Act; (c) such Registrable Security can be
disposed of pursuant to Rule 144(k) (or any similar provision then in force)
under the Securities Act; (d) such Registrable Security is held by Linn Energy
or one of its Subsidiaries; or (e) such Registrable Security has been sold in a
private transaction in which the transferor’s rights under this Agreement are
not assigned to the transferee of such securities.

ARTICLE II

REGISTRATION RIGHTS

Section 2.01           Registration.

(a)           Registration.

(i)            Deadline
To Go Effective.  No
earlier than the date that a registration statement (the “June 2007 Offering
Registration Statement Effective Date”) becomes effective that covers the
units sold in the June 1, 2007 private placement (the holder of such units
being the “June 2007 Holders”) but no later than 10 days after the June
2007 Offering Registration Statement Effective Date, Linn Energy shall prepare
and file a registration statement under the Securities Act to permit the resale
of the Registrable Securities from time to time, including as permitted by Rule
415 under the Securities Act (or any similar provision then in force) under the
Act with respect to all of the Registrable Securities (the “Registration
Statement”).  A Registration Statement
filed pursuant to this Section 2.01 shall be on such appropriate registration
form of the Commission as shall be selected by Linn Energy.  Linn Energy will use its commercially
reasonable efforts to cause the Registration Statement filed pursuant to this
Section 2.01 to be continuously effective under the Securities Act until the
earlier of (i) the date as of which all such Registrable Securities are sold by
the Purchasers or (ii) the date when such Registrable Securities become
eligible for resale under Rule 144(k) (or any similar provision then in force)
under the Securities Act (the “Effectiveness Period”).  The Registration Statement when declared
effective (including the documents incorporated therein by reference) shall
comply as to form with all applicable requirements of the Securities Act and
the Exchange Act and shall not contain an untrue statement of a material fact
or omit to state a material fact required to be stated therein or necessary to
make the statements therein not misleading.

(ii)           Failure
To Go Effective.  If the
Registration Statement required by Section 2.01 of this Agreement is not
declared effective within 165 days after the Closing Date, then each Purchaser
shall be entitled to a payment with respect to the Purchased Class D Units and
the Purchased Units of each such Purchaser, as liquidated damages and not as a
penalty, of 0.25% of the Liquidated Damages Multiplier per 30-day period for
the first 90 days following 

 C-3
 

the 165th day after the Closing Date, increasing by an
additional 0.25% of the Liquidated Damages Multiplier per 30-day period for
each subsequent 30 days, up to a maximum of 1.00% of the Liquidated Damages
Multiplier per 30-day period (the “Liquidated Damages”).  Initially there shall be no limitation on the
aggregate amount of the Liquidated Damages payable by Linn Energy under this
Agreement to each Purchaser; provided, however,
that if there is a change in the Law or accounting principles generally
accepted in the United States that would result in the Purchased Units being
treated as debt securities instead of equity securities for purposes of Linn
Energy’s financial statements, then the aggregate amount of the Liquidated
Damages payable by Linn Energy under this Agreement to each Purchaser shall not
exceed the maximum amount of the Liquidated Damages Multiplier with respect to
such Purchaser allowed for the Purchased Units not to be treated as debt
securities for purposes of Linn Energy’s financial statements.  The Liquidated Damages payable pursuant to
the immediately preceding sentence, accrued on a daily basis, shall be payable
within ten Business Days of the end of each such 30-day period.  Any Liquidated Damages shall be paid to each
Purchaser in cash or immediately available funds; provided,
however, if Linn Energy certifies that
it is unable to pay Liquidated Damages in cash or immediately available funds
because such payment would result in a breach under any of Linn Energy’s or
Linn Energy’s Subsidiaries’ credit facilities or other indebtedness filed as
exhibits to the Linn Energy SEC Documents, then, to the extent not payable in
cash, Linn Energy may pay the Liquidated Damages in kind in the form of the
issuance of additional (A) Units or (B) Units and Class D Units.  Class D Units may only be issued as Liquidated
Damages if and to the extent required by The Nasdaq Global Market or similar
regulation.  If Class D Units are issued
as Liquidated Damages as a result of a requirement by The Nasdaq Global Market
or similar regulation, then such Units and/or Class D Units will be issued to
each Purchaser in such a manner as to maximize the number of Units issued to
each such Purchaser.  Upon any issuance
of Units and/or Class D Units as Liquidated Damages, Linn Energy shall promptly
prepare and file an amendment to the Registration Statement prior to its
effectiveness adding such Units and/or Units issuable upon conversion of Class
D Units to such Registration Statement as additional Registrable
Securities.  The determination of the
number of Units to be issued as Liquidated Damages shall be equal to the amount
of Liquidated Damages divided by the volume weighted average closing price of
the Units (as reported by The Nasdaq Global Market) for the ten (10) trading
days immediately preceding the date on which the Liquidated Damages payment is
due.  The determination of the number of
Class D Units to be issued as Liquidated Damages shall be equal to the amount
of Liquidated Damages divided by the volume weighted average closing price of
the Units (as reported by The Nasdaq Global Market) for the ten (10) trading
days immediately preceding the date on which the Liquidated Damages payment is
due, less a discount of 2%.  The payment
of Liquidated Damages to a Purchaser shall cease at such time as the Purchased
Class D Units and the Purchased Units of such Purchaser become eligible for
resale under Rule 144(k) under the Securities Act.  As soon as practicable following the date that the Registration
Statement becomes effective, but in any event within two Business Days of such
date, Linn Energy shall provide the Purchasers with written notice of the
effectiveness of the Registration Statement.

(iii)          Waiver
of Liquidated Damages.  If
Linn Energy is unable to cause a Registration Statement to go effective within
165 days following the Closing Date as a result of an acquisition, merger,
reorganization, disposition or other similar transaction, then Linn Energy may
request a waiver of the Liquidated Damages, which may be granted or withheld by
the consent of the Holders of a majority of the Purchased Class D Units and the
Purchased Units, 

 C-4
 

taken as a whole, in their sole discretion.  A Purchaser’s rights (and any transferee’s
rights pursuant to Section 2.10 of this Agreement) under this Section 2.01
other than Liquidated Damages owing but not yet paid shall terminate upon the
earlier of (i) when all such Registrable Securities are sold by such Purchaser
or transferee, as applicable, and (ii) when such Registrable Securities become
eligible for resale under Rule 144(k) (or any similar provision then in force)
under the Securities Act.

(b)           Delay Rights.  Notwithstanding anything to the contrary
contained herein, Linn Energy may, upon written notice to any Selling Holder
whose Registrable Securities are included in the Registration Statement,
suspend such Selling Holder’s use of any prospectus which is a part of the
Registration Statement (in which event the Selling Holder shall discontinue
sales of the Registrable Securities pursuant to the Registration Statement, but
such Selling Holder may settle any such sales of Registrable Securities) if (i)
Linn Energy is pursuing an acquisition, merger, reorganization, disposition or
other similar transaction and Linn Energy determines in good faith that Linn
Energy’s ability to pursue or consummate such a transaction would be materially
adversely affected by any required disclosure of such transaction in the
Registration Statement or (ii) Linn Energy has experienced some other material
non-public event the disclosure of which at such time, in the good faith
judgment of Linn Energy, would materially adversely affect Linn Energy; provided, however, in no
event shall the Purchasers be suspended for a period that exceeds an aggregate
of 30 days in any 90-day period or 90 days in any 365-day period.  Upon disclosure of such information or the
termination of the condition described above, Linn Energy shall provide prompt
notice to the Selling Holders whose Registrable Securities are included in the
Registration Statement, shall promptly terminate any suspension of sales it has
put into effect and shall take such other actions to permit registered sales of
Registrable Securities as contemplated in this Agreement.

(c)           Additional Rights to
Liquidated Damages.  If (i) the
Holders shall be prohibited from selling their Registrable Securities under the
Registration Statement as a result of a suspension pursuant to Section 2.01(b)
of this Agreement in excess of the periods permitted therein or (ii) the
Registration Statement is filed and declared effective but, during the
Effectiveness Period, shall thereafter cease to be effective or fail to be
usable for its intended purpose without being succeeded by a post-effective
amendment to the Registration Statement, a supplement to the prospectus or a
report filed with the Commission pursuant to Section 13(a), 13(c), 14 or l5(d)
of the Exchange Act, then, until the suspension is lifted or a post-effective
amendment, supplement or report is filed with the Commission, but not including
any day on which a suspension is lifted or such amendment, supplement or report
is filed and declared effective, if applicable, Linn Energy shall owe the
Holders an amount equal to the Liquidated Damages, following (x) the date on
which the suspension period exceeded the permitted period under 2.01(b) of this
Agreement or (y) the day after the Registration Statement ceased to be
effective or failed to be useable for its intended purposes, as liquidated
damages and not as a penalty.  For
purposes of this Section 2.01(c), a suspension shall be deemed lifted on the
date that notice that the suspension has been lifted is delivered to the
Holders pursuant to Section 3.01 of this Agreement.

 C-5
 

Section 2.02           Piggyback Rights.

(a)              Participation.  If at any time Linn Energy proposes to file
(i) a prospectus supplement to an effective shelf registration statement, other
than the Registration Statement contemplated by Section 2.01 of this Agreement
and the registration statement covering the units held by the June 2007
Holders, or (ii) a registration statement, other than a shelf registration
statement, in either case, for the sale of Units in an Underwritten Offering
for its own account and/or another Person, then as soon as practicable but not
less than three Business Days prior to the filing of (x) any preliminary
prospectus supplement relating to such Underwritten Offering pursuant to Rule
424(b) under the Securities Act, (y) the prospectus supplement relating to such
Underwritten Offering pursuant to Rule 424(b) under the Securities Act (if no
preliminary prospectus supplement is used) or (z) such registration statement,
as the case may be, then Linn Energy shall give notice (including, but not
limited to, notification by electronic mail) of such proposed Underwritten
Offering to the Holders and such notice shall offer the Holders the opportunity
to include in such Underwritten Offering such number of Registrable Securities
(the “Included Registrable Securities”) as each such Holder may request
in writing; provided, however,
that if Linn Energy has been advised by the Managing Underwriter that the
inclusion of Registrable Securities for sale for the benefit of the Holders
will have a material adverse effect on the price, timing or distribution of the
Units in the Underwritten Offering, then the amount of Registrable Securities
to be offered for the accounts of Holders shall be determined based on the
provisions of Section 2.02(b) of this Agreement.  The notice required to be provided in this
Section 2.02(a) to Holders shall be provided on a Business Day pursuant to
Section 3.01 hereof and receipt of such notice shall be confirmed by such
Holder.  Each such Holder shall then have
three Business Days after receiving such notice to request inclusion of
Registrable Securities in the Underwritten Offering, except that such Holder
shall have one Business Day after such Holder confirms receipt of the notice to
request inclusion of Registrable Securities in the Underwritten Offering in the
case of a “bought deal” or “overnight transaction” where no preliminary
prospectus is used.  If no request for
inclusion from a Holder is received within the specified time, such Holder
shall have no further right to participate in such Underwritten Offering.  If, at any time after giving written notice
of its intention to undertake an Underwritten Offering and prior to the closing
of such Underwritten Offering, Linn Energy shall determine for any reason not
to undertake or to delay such Underwritten Offering, Linn Energy may, at its
election, give written notice of such determination to the Selling Holders and,
(x) in the case of a determination not to undertake such Underwritten Offering,
shall be relieved of its obligation to sell any Included Registrable Securities
in connection with such terminated Underwritten Offering, and (y) in the case
of a determination to delay such Underwritten Offering, shall be permitted to
delay offering any Included Registrable Securities for the same period as the
delay in the Underwritten Offering.  Any
Selling Holder shall have the right to withdraw such Selling Holder’s request
for inclusion of such Selling Holder’s Registrable Securities in such offering
by giving written notice to Linn Energy of such withdrawal up to and including
the time of pricing of such offering. 
Each Holder’s rights under this Section 2.02(a) shall terminate when
such Holder (together with any Affiliates of such Holder) holds less than $40
million of Purchased Class D Units (or Units issued upon conversion of the
Class D Units) and Purchased Units, based on the Commitment Amounts.  Notwithstanding the foregoing, any Holder may
deliver written notice (an “Opt Out Notice”) to Linn Energy requesting
that such Holder not receive notice from Linn Energy of any proposed
Underwritten Offering; provided, that
such Holder may later revoke any such notice.

 C-6
 

(b)              Priority of
Rights.  If the Managing Underwriter
or Underwriters of any proposed Underwritten Offering of Units included in an
Underwritten Offering involving Included Registrable Securities advises Linn
Energy, or Linn Energy reasonably determines, that the total amount of Units
that the Selling Holders and any other Persons intend to include in such
offering exceeds the number that can be sold in such offering without being
likely to have a material adverse effect on the price, timing or distribution
of the Units offered or the market for the Units, then the Units to be included
in such Underwritten Offering shall include the number of Registrable
Securities that such Managing Underwriter or Underwriters advises Linn Energy,
or Linn Energy reasonably determines, can be sold without having such adverse
effect, with such number to be allocated (i) first, to Linn Energy, and (ii)
second, pro rata among (A) Quantum Energy Partners II, LP, a Delaware limited
partnership, Clark Partners I, L.P., a New York limited partnership, Kings
Highway Investment, LLC, a Connecticut limited liability company and Wauwinet
Energy Partners, LLC, a Delaware limited liability company (collectively, the “Partners”)
and (B) the Selling Holders party to this Agreement and those party to those
certain Registration Rights Agreements dated as of October 24, 2006, February
1, 2007 and June 1, 2007 by and among Linn Energy and the purchasers named
therein, in each case, who have requested participation in such Underwritten
Offering.  The pro rata allocations for
each such Partner and each such Selling Holder shall be the product of (a) the
aggregate number of Units proposed to be sold by all Partners and Selling
Holders in such Underwritten Offering multiplied by (b) the fraction derived by
dividing (x) the number of Units owned on the Closing Date by such Partner or
Selling Holder by (y) the aggregate number of Units owned on the Closing Date
by all Partners and Selling Holders participating in the Underwritten Offering.  All participating Selling Holders shall have
the opportunity to share pro rata that portion of such priority allocable to
any Selling Holder(s) not so participating. 
As of the date of execution of this Agreement, there are no other
Persons with Registration Rights relating to Units or Class D Units other than
as described in this Section 2.02(b).

Section 2.03           Underwritten Offering.

(a)              Request for
Underwritten Offering.  Any one or
more Holders that collectively hold greater than $100 million of Registrable
Securities, based on the purchase price per unit under the Purchase Agreement,
may deliver written notice to Linn Energy that such Holders wish to dispose of
an aggregate of at least $100 million of Registrable Securities, based on the
purchase price per unit under the Purchase Agreement, in an Underwritten
Offering.  Upon receipt of any such
written request, Linn Energy shall retain underwriters, effect such sale though
an Underwritten Offering, including entering into an underwriting agreement in
customary form with the Managing Underwriter or Underwriters, which shall
include, among other provisions, indemnities to the effect and to the extent
provided in Section 2.08, and take all reasonable actions as are requested by
the Managing Underwriter or Underwriters to expedite or facilitate the
disposition of such Registrable Securities; provided, however, Linn Energy management will not be required to
participate in any roadshow or similar marketing effort on behalf of any such
Holder.

(b)              General Procedures.  In connection with any Underwritten Offering
under this Agreement, Linn Energy shall be entitled to select the Managing
Underwriter or Underwriters.  In
connection with an Underwritten Offering contemplated by this Agreement in
which a Selling Holder participates, each Selling Holder and Linn Energy shall
be obligated to 

 C-7
 

enter into an underwriting agreement that contains
such representations, covenants, indemnities and other rights and obligations
as are customary in underwriting agreements for firm commitment offerings of
securities.  No Selling Holder may
participate in such Underwritten Offering unless such Selling Holder agrees to
sell its Registrable Securities on the basis provided in such underwriting agreement
and completes and executes all questionnaires, powers of attorney, indemnities
and other documents reasonably required under the terms of such underwriting
agreement.  Each Selling Holder may, at
its option, require that any or all of the representations and warranties by,
and the other agreements on the part of, Linn Energy to and for the benefit of
such underwriters also be made to and for such Selling Holder’s benefit and
that any or all of the conditions precedent to the obligations of such
underwriters under such underwriting agreement also be conditions precedent to
its obligations.  No Selling Holder shall
be required to make any representations or warranties to or agreements with
Linn Energy or the underwriters other than representations, warranties or
agreements regarding such Selling Holder and its ownership of the securities
being registered on its behalf, its intended method of distribution and any
other representation required by Law.  If
any Selling Holder disapproves of the terms of an underwriting, such Selling
Holder may elect to withdraw therefrom by notice to Linn Energy and the
Managing Underwriter; provided, however, that such withdrawal must be made up to and
including the time of pricing of such Underwritten Offering.  No such withdrawal or abandonment shall
affect Linn Energy’s obligation to pay Registration Expenses.

Section 2.04           Sale Procedures.  In connection with its obligations under this
Article II, Linn Energy will, as expeditiously as possible:

(a)           prepare and file with
the Commission such amendments and supplements to the Registration Statement
and the prospectus used in connection therewith as may be necessary to keep the
Registration Statement effective for the Effectiveness Period and as may be
necessary to comply with the provisions of the Securities Act with respect to
the disposition of all securities covered by the Registration Statement;

(b)           if a prospectus
supplement will be used in connection with the marketing of an Underwritten
Offering from the Registration Statement and the Managing Underwriter at any
time shall notify Linn Energy in writing that, in the sole judgment of such
Managing Underwriter, inclusion of detailed information to be used in such
prospectus supplement is of material importance to the success of the
Underwritten Offering of such Registrable Securities, use its commercially
reasonable efforts to include such information in such prospectus supplement;

(c)           furnish to each Selling
Holder (i) as far in advance as reasonably practicable before filing the
Registration Statement or any other registration statement contemplated by this
Agreement or any supplement or amendment thereto, upon request, copies of
reasonably complete drafts of all such documents proposed to be filed
(including exhibits and each document incorporated by reference therein to the
extent then required by the rules and regulations of the Commission), and
provide each such Selling Holder the opportunity to object to any information
pertaining to such Selling Holder and its plan of distribution that is
contained therein and make the corrections reasonably requested by such Selling
Holder with respect to such information prior to filing the Registration
Statement or such other registration statement or supplement or amendment
thereto, and (ii) such number of copies of the Registration Statement 

 C-8
 

or such other registration statement and the
prospectus included therein and any supplements and amendments thereto as such
Persons may reasonably request in order to facilitate the public sale or other
disposition of the Registrable Securities covered by such Registration
Statement or other registration statement;

(d)           if applicable, use its
commercially reasonable efforts to register or qualify the Registrable
Securities covered by the Registration Statement or any other registration
statement contemplated by this Agreement under the securities or blue sky laws
of such jurisdictions as the Selling Holders or, in the case of an Underwritten
Offering, the Managing Underwriter, shall reasonably request; provided, however, that
Linn Energy will not be required to qualify generally to transact business in
any jurisdiction where it is not then required to so qualify or to take any
action which would subject it to general service of process in any such
jurisdiction where it is not then so subject;

(e)           promptly notify each
Selling Holder and each underwriter of Registrable Securities, at any time when
a prospectus relating thereto is required to be delivered by any of them under
the Securities Act, of (i) the filing of the Registration Statement or any
other registration statement contemplated by this Agreement or any prospectus
or prospectus supplement to be used in connection therewith, or any amendment
or supplement thereto, and, with respect to such Registration Statement or any
other registration statement or any post-effective amendment thereto, when the
same has become effective; and (ii) any written comments from the Commission
with respect to any filing referred to in clause (i) and any written request by
the Commission for amendments or supplements to the Registration Statement or
any other registration statement or any prospectus or prospectus supplement
thereto;

(f)            immediately notify
each Selling Holder and each underwriter of Registrable Securities, at any time
when a prospectus relating thereto is required to be delivered under the
Securities Act, of (i) the happening of any event as a result of which the
prospectus or prospectus supplement contained in the Registration Statement or
any other registration statement contemplated by this Agreement, as then in
effect, includes an untrue statement of a material fact or omits to state any
material fact required to be stated therein or necessary to make the statements
therein not misleading in the light of the circumstances then existing; (ii)
the issuance or threat of issuance by the Commission of any stop order
suspending the effectiveness of the Registration Statement or any other
registration statement contemplated by this Agreement, or the initiation of any
proceedings for that purpose; or (iii) the receipt by Linn Energy of any
notification with respect to the suspension of the qualification of any
Registrable Securities for sale under the applicable securities or blue sky
laws of any jurisdiction.  Following the
provision of such notice, Linn Energy agrees to as promptly as practicable
amend or supplement the prospectus or prospectus supplement or take other
appropriate action so that the prospectus or prospectus supplement does not
include an untrue statement of a material fact or omit to state a material fact
required to be stated therein or necessary to make the statements therein not
misleading in the light of the circumstances then existing and to take such
other action as is necessary to remove a stop order, suspension, threat thereof
or proceedings related thereto;

(g)           upon request and
subject to appropriate confidentiality obligations, furnish to each Selling
Holder copies of any and all transmittal letters or other correspondence with
the 

 C-9
 

Commission or any other governmental agency or
self-regulatory body or other body having jurisdiction (including any domestic
or foreign securities exchange) relating to such offering of Registrable
Securities;

(h)           in the case of an
Underwritten Offering, furnish upon request, (i) an opinion of counsel for Linn
Energy dated the effective date of the applicable registration statement or the
date of any amendment or supplement thereto, and a letter of like kind dated
the date of the closing under the underwriting agreement, and (ii) a “cold comfort”
letter, dated the date of the applicable registration statement or the date of
any amendment or supplement thereto and a letter of like kind dated the date of
the closing under the underwriting agreement, in each case, signed by the
independent public accountants who have certified Linn Energy’s financial
statements included or incorporated by reference into the applicable
registration statement, and each of the opinion and the “cold comfort” letter
shall be in customary form and covering substantially the same matters with
respect to such registration statement (and the prospectus and any prospectus
supplement included therein) as are customarily covered in opinions of issuer’s
counsel and in accountants’ letters delivered to the underwriters in Underwritten
Offerings of securities and such other matters as such underwriters or Selling
Holders may reasonably request;

(i)            otherwise use its
commercially reasonable efforts to comply with all applicable rules and
regulations of the Commission, and make available to its security holders, as
soon as reasonably practicable, an earnings statement, which earnings statement
shall satisfy the provisions of Section 11(a) of the Securities Act and Rule
158 promulgated thereunder;

(j)            make available to the
appropriate representatives of the Managing Underwriter and Selling Holders
access to such information and Linn Energy personnel as is reasonable and
customary to enable such parties to establish a due diligence defense under the
Securities Act; provided, however,
that Linn Energy need not disclose any such information to any such
representative unless and until such representative has entered into or is
otherwise subject to a confidentiality agreement with Linn Energy satisfactory
to Linn Energy (including any confidentiality agreement referenced in Section
8.06 of the Purchase Agreement);

(k)           cause all such
Registrable Securities registered pursuant to this Agreement to be listed on
each securities exchange or nationally recognized quotation system on which
similar securities issued by Linn Energy are then listed;

(l)            use its commercially
reasonable efforts to cause the Registrable Securities to be registered with or
approved by such other governmental agencies or authorities as may be necessary
by virtue of the business and operations of Linn Energy to enable the Selling
Holders to consummate the disposition of such Registrable Securities;

(m)          provide a transfer agent
and registrar for all Registrable Securities covered by such registration
statement not later than the effective date of such registration statement; and

(n)           enter into customary
agreements and take such other actions as are reasonably requested by the
Selling Holders or the underwriters, if any, in order to expedite or facilitate
the disposition of such Registrable Securities.

 C-10
 

(o)           Linn Energy agrees
that, if any Purchaser could reasonably be deemed to be an “underwriter”, as
defined in Section 2(a)(11) of the Securities Act, in connection with the
registration statement in respect of any registration of Linn Energy’s
securities of any Purchaser pursuant to this Agreement, and any amendment or
supplement thereof (any such registration statement or amendment or supplement
a “Purchaser Underwriter Registration Statement”), then Linn Energy will
cooperate with such Purchaser in allowing such Purchaser to conduct customary “underwriter’s
due diligence” with respect to Linn Energy and satisfy its obligations in
respect thereof.  In addition, at any
Purchaser’s request, Linn Energy will furnish to such Purchaser, on the date of
the effectiveness of any Purchaser Underwriter Registration Statement and
thereafter from time to time on such dates as such Purchaser may reasonably
request, (i) a letter, dated such date, from Linn Energy’s independent
certified public accountants in form and substance as is customarily given by
independent certified public accountants to underwriters in an underwritten
public offering, addressed to such Purchaser, and (ii) an opinion, dated as of
such date, of counsel representing Linn Energy for purposes of such Purchaser
Underwriter Registration Statement, in form, scope and substance as is
customarily given in an underwritten public offering, including a standard “10b-5”
opinion for such offering, addressed to such Purchaser; provided, however,
that with respect to any Placement Agent, Linn Energy’s obligations with
respect to this Section 2.04(o) shall be limited to one time, with an
additional bring-down request within 30 days of the date of such
documents.  Linn Energy will also permit
legal counsel to such Purchaser to review and comment upon any such Purchaser
Underwriter Registration Statement at least five Business Days prior to its
filing with the Commission and all amendments and supplements to any such
Purchaser Underwriter Registration Statement within a reasonable number of days
prior to their filing with the Commission and not file any Purchaser
Underwriter Registration Statement or amendment or supplement thereto in a form
to which such Purchaser’s legal counsel reasonably objects.

Each Selling Holder, upon receipt of notice from Linn
Energy of the happening of any event of the kind described in Section 2.04(e)
of this Agreement, shall forthwith discontinue disposition of the Registrable
Securities until such Selling Holder’s receipt of the copies of the
supplemented or amended prospectus contemplated by Section 2.04(e) of this
Agreement or until it is advised in writing by Linn Energy that the use of the
prospectus may be resumed, and has received copies of any additional or supplemental
filings incorporated by reference in the prospectus, and, if so directed by
Linn Energy, such Selling Holder will, or will request the managing underwriter
or underwriters, if any, to deliver to Linn Energy (at Linn Energy’s expense)
all copies in their possession or control, other than permanent file copies
then in such Selling Holder’s possession, of the prospectus covering such
Registrable Securities current at the time of receipt of such notice.

If requested by a
Purchaser, Linn Energy shall: (i) as soon as practicable incorporate in a
prospectus supplement or post-effective amendment such information as such
Purchaser reasonably requests to be included therein relating to the sale and
distribution of Registrable Securities, including information with respect to
the number of Registrable Securities being offered or sold, the purchase price
being paid therefor and any other terms of the offering of the Registrable
Securities to be sold in such offering; (ii) as soon as practicable make all required
filings of such prospectus supplement or post-effective amendment after being
notified of the matters to be incorporated in such prospectus supplement or
post-effective amendment; and (iii) as soon as practicable, supplement or make
amendments to any Registration Statement.

 C-11
 

Section 2.05           Cooperation by
Holders.  Linn Energy shall have no
obligation to include in the Registration Statement Units of a Holder, or in an
Underwritten Offering pursuant to Section 2.02 of this Agreement Units of a
Selling Holder, who has failed to timely furnish such information that, in the
opinion of counsel to Linn Energy, is reasonably required in order for the
registration statement or prospectus supplement, as applicable, to comply with
the Securities Act.

Section 2.06           Restrictions on
Public Sale by Holders of Registrable Securities.  For a period of 365 days from the Closing
Date, each Holder of Registrable Securities who is included in the Registration
Statement agrees not to effect any public sale or distribution of the
Registrable Securities during the 30-day period following completion of an
Underwritten Offering of equity securities by Linn Energy (except as provided
in this Section 2.06); provided, however, that the duration of the foregoing restrictions
shall be no longer than the duration of the shortest restriction generally
imposed by the underwriters on the officers or directors or any other
Unitholder of Linn Energy on whom a restriction is imposed in connection with
such public offering; provided,  with
respect to Goldman, Sachs & Co., the restrictions contained in this Section
2.06 shall only apply to the Goldman Sachs Principal Strategies Group, as
currently configured, and shall not restrict or limit the activities of any
area or division of Goldman, Sachs & Co. or any of its Affiliates, other
than Goldman Sachs Principal Strategies Group, as currently configured.  In addition, the provisions of this Section
2.06 shall not apply with respect to a Holder that (A) owns less than $40
million of Purchased Class D Units and Purchased Units, based on the Commitment
Amounts, (B) has delivered an Opt Out Notice to Linn Energy pursuant to Section
2.02 hereof or (C) has submitted a notice requesting the inclusion of
Registrable Securities in an Underwritten Offering pursuant to Section 2.02 or
Section 2.03(a) hereof but is unable to do so as a result of the priority
provisions contained in Section 2.02(b) hereof.

Section 2.07           Expenses.

(a)             Certain
Definitions.  “Registration
Expenses” means all expenses incident to Linn Energy’s performance under or
compliance with this Agreement to effect the registration of Registrable
Securities on the Registration Statement pursuant to Section 2.01 hereof or an
Underwritten Offering covered under this Agreement, and the disposition of such
securities, including, without limitation, all registration, filing, securities
exchange listing and The Nasdaq Global Market fees, all registration, filing,
qualification and other fees and expenses of complying with securities or blue
sky laws, fees of the National Association of Securities Dealers, Inc.,
transfer taxes and fees of transfer agents and registrars, all word processing,
duplicating and printing expenses and the fees and disbursements of counsel and
independent public accountants for Linn Energy, including the expenses of any
special audits or “cold comfort” letters required by or incident to such
performance and compliance.  “Selling
Expenses” means all underwriting fees, discounts and selling commissions
allocable to the sale of the Registrable Securities.

(b)             Expenses.  Linn Energy will pay all reasonable
Registration Expenses as determined in good faith, including, in the case of an
Underwritten Offering, whether or not any sale is made pursuant to such
Underwritten Offering.  In addition,
except as otherwise provided in Section 2.08 hereof, Linn Energy shall not be
responsible for legal fees incurred by Holders in 

 C-12
 

connection with the exercise of such Holders’ rights
hereunder.  Each Selling Holder shall pay
all Selling Expenses in connection with any sale of its Registrable Securities
hereunder.

Section 2.08           Indemnification.

(a)           By Linn Energy.  In the event of an offering of any
Registrable Securities under the Securities Act pursuant to this Agreement,
Linn Energy will indemnify and hold harmless each Selling Holder thereunder,
its directors and officers, and each underwriter, pursuant to the applicable
underwriting agreement with such underwriter, of Registrable Securities
thereunder and each Person, if any, who controls such Selling Holder or
underwriter within the meaning of the Securities Act and the Exchange Act, and
its directors and officers, against any losses, claims, damages, expenses or
liabilities (including reasonable attorneys’ fees and expenses) (collectively, “Losses”),
joint or several, to which such Selling Holder, director, officer, underwriter
or controlling Person may become subject under the Securities Act, the Exchange
Act or otherwise, insofar as such Losses (or actions or proceedings, whether
commenced or threatened, in respect thereof) arise out of or are based upon any
untrue statement or alleged untrue statement of any material fact contained in
the Registration Statement or any other registration statement contemplated by
this Agreement, any preliminary prospectus, free writing prospectus or final
prospectus contained therein, or any amendment or supplement thereof, or arise
out of or are based upon the omission or alleged omission to state therein a
material fact required to be stated therein or necessary to make the statements
therein (in the case of a prospectus, in light of the circumstances under which
they were made) not misleading, and will reimburse each such Selling Holder,
its directors and officers, each such underwriter and each such controlling Person
for any legal or other expenses reasonably incurred by them in connection with
investigating or defending any such Loss or actions or proceedings; provided, however, that
Linn Energy will not be liable in any such case if and to the extent that any such
Loss arises out of or is based upon an untrue statement or alleged untrue
statement or omission or alleged omission so made in strict conformity with
information furnished by such Selling Holder, its directors or officers or any
underwriter or controlling Person in writing specifically for use in the
Registration Statement or such other registration statement, or prospectus
supplement, as applicable.  Such
indemnity shall remain in full force and effect regardless of any investigation
made by or on behalf of such Selling Holder or any such Selling Holder, its
directors or officers or any underwriter or controlling Person, and shall
survive the transfer of such securities by such Selling Holder.

(b)           By Each Selling
Holder.  Each Selling Holder agrees
severally and not jointly to indemnify and hold harmless Linn Energy, its
directors and officers, and each Person, if any, who controls Linn Energy
within the meaning of the Securities Act or of the Exchange Act, and its
directors and officers, to the same extent as the foregoing indemnity from Linn
Energy to the Selling Holders, but only with respect to information regarding
such Selling Holder furnished in writing by or on behalf of such Selling Holder
expressly for inclusion in the Registration Statement or any preliminary
prospectus or final prospectus included therein, or any amendment or supplement
thereto; provided, however,
that the liability of each Selling Holder shall not be greater in amount than
the dollar amount of the proceeds (net of any Selling Expenses) received by
such Selling Holder from the sale of the Registrable Securities giving rise to
such indemnification.

 C-13
 

(c)           Notice.  Promptly after receipt by an indemnified
party hereunder of notice of the commencement of any action, such indemnified party
shall, if a claim in respect thereof is to be made against the indemnifying
party hereunder, notify the indemnifying party in writing thereof, but the
omission so to notify the indemnifying party shall not relieve it from any
liability which it may have to any indemnified party other than under this
Section 2.08.  In any action brought
against any indemnified party, it shall notify the indemnifying party of the
commencement thereof.  The indemnifying
party shall be entitled to participate in and, to the extent it shall wish, to
assume and undertake the defense thereof with counsel reasonably satisfactory
to such indemnified party and, after notice from the indemnifying party to such
indemnified party of its election so to assume and undertake the defense
thereof, the indemnifying party shall not be liable to such indemnified party
under this Section 2.08 for any legal expenses subsequently incurred by such
indemnified party in connection with the defense thereof other than reasonable
costs of investigation and of liaison with counsel so selected; provided, however, that,
(i) if the indemnifying party has failed to assume the defense or employ
counsel reasonably acceptable to the indemnified party or (ii) if the
defendants in any such action include both the indemnified party and the
indemnifying party and counsel to the indemnified party shall have concluded
that there may be reasonable defenses available to the indemnified party that
are different from or additional to those available to the indemnifying party,
or if the interests of the indemnified party reasonably may be deemed to
conflict with the interests of the indemnifying party, then the indemnified
party shall have the right to select a separate counsel and to assume such
legal defense and otherwise to participate in the defense of such action, with
the reasonable expenses and fees of such separate counsel and other reasonable
expenses related to such participation to be reimbursed by the indemnifying
party as incurred.  Notwithstanding any
other provision of this Agreement, no indemnified party shall settle any action
brought against it with respect to which it is entitled to indemnification
hereunder without the consent of the indemnifying party, unless the settlement
thereof imposes no liability or obligation on, and includes a complete and
unconditional release from all liability of, the indemnifying party.

(d)           Contribution.  If the indemnification provided for in this
Section 2.08 is held by a court or government agency of competent jurisdiction
to be unavailable to any indemnified party or is insufficient to hold them
harmless in respect of any Losses, then each such indemnifying party, in lieu
of indemnifying such indemnified party, shall contribute to the amount paid or
payable by such indemnified party as a result of such Loss in such proportion
as is appropriate to reflect the relative fault of the indemnifying party on
the one hand and of such indemnified party on the other in connection with the
statements or omissions which resulted in such Losses, as well as any other
relevant equitable considerations; provided, however, that in no event shall such Selling Holder be
required to contribute an aggregate amount in excess of the dollar amount of
proceeds (net of Selling Expenses) received by such Selling Holder from the
sale of Registrable Securities giving rise to such indemnification.  The relative fault of the indemnifying party
on the one hand and the indemnified party on the other shall be determined by
reference to, among other things, whether the untrue or alleged untrue
statement of a material fact or the omission or alleged omission to state a
material fact has been made by, or relates to, information supplied by such
party, and the parties’ relative intent, knowledge, access to information and
opportunity to correct or prevent such statement or omission.  The parties hereto agree that it would not be
just and equitable if contributions pursuant to this paragraph were to be
determined by pro rata allocation or by any other method of allocation which
does not take account of the equitable considerations referred to herein.  The amount paid by an indemnified 

 C-14
 

party as a result of the Losses referred to in the
first sentence of this paragraph shall be deemed to include any legal and other
expenses reasonably incurred by such indemnified party in connection with
investigating or defending any Loss which is the subject of this
paragraph.  No person guilty of
fraudulent misrepresentation (within the meaning of Section 11(f) of the
Securities Act) shall be entitled to contribution from any Person who is not
guilty of such fraudulent misrepresentation.

(e)           Other
Indemnification.  The provisions of
this Section 2.08 shall be in addition to any other rights to indemnification
or contribution which an indemnified party may have pursuant to law, equity,
contract or otherwise.

Section 2.09           Rule 144 Reporting.  With a view to making available the benefits
of certain rules and regulations of the Commission that may permit the sale of
the Registrable Securities to the public without registration, Linn Energy
agrees to use its commercially reasonable efforts to:

(a)           make and keep public
information regarding Linn Energy available, as those terms are understood and
defined in Rule 144 under the Securities Act, at all times from and after the
date hereof;

(b)           file with the
Commission in a timely manner all reports and other documents required of Linn
Energy under the Securities Act and the Exchange Act at all times from and
after the date hereof; and

(c)           so long as a Holder
owns any Registrable Securities, furnish, unless otherwise not available at no
charge by access electronically to the Commission’s EDGAR filing system, to
such Holder forthwith upon request a copy of the most recent annual or
quarterly report of Linn Energy, and such other reports and documents so filed
as such Holder may reasonably request in availing itself of any rule or
regulation of the Commission allowing such Holder to sell any such securities
without registration.

Section 2.10           Transfer or
Assignment of Registration Rights. 
The rights to cause Linn Energy to register Registrable Securities
granted to the Purchasers by Linn Energy under this Article II may be
transferred or assigned by any Purchaser to one or more transferee(s) or assignee(s)
of such Registrable Securities or in connection with entering into a total
return swap to the swap counterparty; provided, however, that, except with respect to a total return swap,
(a) unless such transferee is an Affiliate of such Purchaser, each such
transferee or assignee holds Registrable Securities representing at least $40
million of the Purchased Class D Units and the Purchased Units, based on the
Commitment Amounts, (b) Linn Energy is given written notice prior to any said
transfer or assignment, stating the name and address of each such transferee
and identifying the securities with respect to which such registration rights
are being transferred or assigned, and (c) each such transferee assumes in
writing responsibility for its portion of the obligations of such Purchaser
under this Agreement.

Section 2.11           Limitation on
Subsequent Registration Rights.  From
and after the date hereof, Linn Energy shall not, without the prior written
consent of the Holders of a majority of the outstanding Registrable Securities,
(i) enter into any agreement with any current or future 

 C-15
 

holder of any securities of Linn Energy that would
allow such current or future holder to require Linn Energy to include
securities in any registration statement filed by Linn Energy on a basis that
is superior in any way to the piggyback rights granted to the Purchasers
hereunder or (ii) grant registration rights to any other Person that would be
superior to the Purchasers’ registration rights hereunder.

ARTICLE III

MISCELLANEOUS

Section 3.01           Communications.  All notices and other communications provided
for or permitted hereunder shall be made in writing by facsimile, electronic
mail, courier service or personal delivery:

(a)           if to Purchaser, to the
address set forth under that Purchaser’s signature block in accordance with the
provisions of this Section 3.01;

(b)           if to a transferee of
Purchaser, to such Holder at the address provided pursuant to Section 2.10
hereof; and

(c)           if to Linn Energy, at
600 Travis, Suite 6910, Houston, Texas 77002 (facsimile: 713.223.0888), notice
of which is given in accordance with the provisions of this Section 3.01.

All such notices and communications shall be deemed to
have been received: at the time delivered by hand, if personally delivered;
when receipt acknowledged, if sent via facsimile or electronic mail; and when
actually received, if sent by courier service or any other means.

Section 3.02           Successor and
Assigns.  This Agreement shall inure
to the benefit of and be binding upon the successors and assigns of each of the
parties, including subsequent Holders of Registrable Securities to the extent
permitted herein.

Section 3.03           Aggregation of
Purchased Class D Units and Purchased Units.  All Purchased Class D Units and Purchased
Units held or acquired by Persons who are Affiliates of one another shall be
aggregated together for the purpose of determining the availability of any
rights under this Agreement.  

Section 3.04           Recapitalization,
Exchanges, Etc. Affecting the Units. 
The provisions of this Agreement shall apply to the full extent set
forth herein with respect to any and all units of Linn Energy or any successor
or assign of Linn Energy (whether by merger, consolidation, sale of assets or
otherwise) which may be issued in respect of, in exchange for or in
substitution of, the Registrable Securities, and shall be appropriately
adjusted for combinations, unit splits, recapitalizations and the like
occurring after the date of this Agreement.

Section 3.05           Specific Performance.  Damages in the event of breach of this
Agreement by a party hereto may be difficult, if not impossible, to ascertain,
and it is therefore agreed that each such Person, in addition to and without
limiting any other remedy or right it may have, will have the right to an injunction
or other equitable relief in any court of competent jurisdiction, enjoining any
such breach, and enforcing specifically the terms and provisions hereof, and
each 

 C-16
 

of the parties hereto hereby waives any and all
defenses it may have on the ground of lack of jurisdiction or competence of the
court to grant such an injunction or other equitable relief.  The existence of this right will not preclude
any such Person from pursuing any other rights and remedies at law or in equity
which such Person may have.

Section 3.06           Counterparts.  This Agreement may be executed in any number
of counterparts and by different parties hereto in separate counterparts, each
of which counterparts, when so executed and delivered, shall be deemed to be an
original and all of which counterparts, taken together, shall constitute but
one and the same Agreement.

Section 3.07           Headings.  The headings in this Agreement are for
convenience of reference only and shall not limit or otherwise affect the
meaning hereof.

Section 3.08           Governing Law.  The Laws of the State of New York shall
govern this Agreement without regard to principles of conflict of Laws.

Section 3.09           Severability of
Provisions.  Any provision of this
Agreement which is prohibited or unenforceable in any jurisdiction shall, as to
such jurisdiction, be ineffective to the extent of such prohibition or
unenforceability without invalidating the remaining provisions hereof or
affecting or impairing the validity or enforceability of such provision in any
other jurisdiction.

Section 3.10           Entire Agreement.  This Agreement is intended by the parties as
a final expression of their agreement and intended to be a complete and
exclusive statement of the agreement and understanding of the parties hereto in
respect of the subject matter contained herein. 
There are no restrictions, promises, warranties or undertakings, other
than those set forth or referred to herein with respect to the rights granted
by Linn Energy set forth herein.  This
Agreement, the Purchase Agreement and the Confidentiality Agreement pertaining
to the sale of the Purchased Units and Purchased Class D Units supersede all
prior agreements and understandings between the parties with respect to such
subject matter.

Section 3.11           Amendment.  This Agreement may be amended only by means
of a written amendment signed by Linn Energy and the Holders of a majority of
the then outstanding Registrable Securities; provided,
however, that no such amendment shall
materially and adversely affect the rights of any Holder hereunder without the
consent of such Holder.

Section 3.12           No Presumption.  If any claim is made by a party relating to
any conflict, omission or ambiguity in this Agreement, no presumption or burden
of proof or persuasion shall be implied by virtue of the fact that this Agreement
was prepared by or at the request of a particular party or its counsel.

Section 3.13           Obligations Limited
to Parties to Agreement.  Each of the Parties hereto covenants,
agrees and acknowledges that no Person other than the Purchasers (and their permitted
assignees) and Linn Energy shall have any obligation hereunder and that,
notwithstanding that one or more of the Purchasers may be a corporation,
partnership or limited liability company, no recourse under this Agreement or
the Purchase Agreement or under any documents or instruments delivered in
connection herewith or therewith shall be had against any former, current or
future director, officer, employee, agent, general or limited partner, manager,

 C-17
 

member, stockholder or
Affiliate of any of the Purchasers or any former, current or future director,
officer, employee, agent, general or limited partner, manager, member,
stockholder or Affiliate of any of the foregoing, whether by the enforcement of
any assessment or by any legal or equitable proceeding, or by virtue of any
applicable Law, it being expressly agreed and acknowledged that no personal
liability whatsoever shall attach to, be imposed on or otherwise be incurred by
any former, current or future director, officer, employee, agent, general or
limited partner, manager, member, stockholder or Affiliate of any of the
Purchasers or any former, current or future director, officer, employee, agent,
general or limited partner, manager, member, stockholder or Affiliate of any of
the foregoing, as such, for any obligations of the Purchasers under this
Agreement or the Purchase Agreement or any documents or instruments delivered
in connection herewith or therewith or for any claim based on, in respect of or
by reason of such obligation or its creation.

[The remainder of this page is
intentionally left blank]

 C-18
 

IN WITNESS WHEREOF, the parties have executed this
Agreement as of the date first written above.

	
  

  	
  LINN ENERGY, LLC

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  

 

[Signature Page to Registration Rights Agreement]

 C-19

Exhibit D

VOTING AGREEMENT

THIS VOTING AGREEMENT (this “Agreement”) dated
as of June 29, 2007 is by and among Michael C. Linn, an individual
primarily residing in Pittsburgh, Pennsylvania (“Mr. Linn”), Kolja
Rockov, an individual residing in Houston, Texas (“Mr. Rockov”),
Mark E. Ellis, an individual residing in Houston, Texas (“Mr. Ellis”),
Lisa D. Anderson, an individual residing in Houston, Texas (“Ms. Anderson”),
Charlene A. Ripley, an individual residing in Houston, Texas (“Ms. Ripley”)
and Roland P. Keddie, an individual residing in Pittsburgh, Pennsylvania (“Mr.
Keddie”).

WHEREAS, reference is made to the Class D Unit and
Unit Purchase Agreement (the “Purchase Agreement”) relating to the
proposed private placement to certain institutional investors of Class D Units
and Units of Linn Energy, LLC (the “Company”); and

WHEREAS, reference is made to the Purchase Agreement,
whereby the Company agreed to take all action necessary to convene a meeting of
its Unitholders to consider and vote upon the conversion of the Purchasers’
Class D Units into Units (the “Conversion”) as soon as practicable, but
in any event not later than 120 days following the Closing Date; and

WHEREAS, each of Mr. Linn, Mr. Rockov, Mr. Ellis, Ms.
Anderson, Ms. Ripley and Mr. Keddie are beneficial owners of Units (“Voting
Units”) representing limited liability company interests in the Company,
and each of them desires to set forth certain agreements and arrangements
related to the voting of such Voting Units in respect of the conversion of the
Class D Units into Units.

NOW, THEREFORE, in consideration of the premises and
the covenants and agreements contained herein, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged,
and intending to be legally bound hereby, the parties hereby agree as follows:

1.             Effectiveness.  The provisions of this Agreement shall be
effective upon the date first written above.

2.             Definitions.  Capitalized terms used herein without
definition shall have the meanings given to them in the Purchase Agreement.

3.             Agreement
to Vote.  At any meeting of the
Unitholders convened to consider and vote upon the Conversion, each of Mr.
Linn, Mr. Rockov, Mr. Ellis, Ms. Anderson, Ms. Ripley and Mr. Keddie
unconditionally and irrevocably agrees to vote all of the Units beneficially
owned by such person on the record date fixed by the Company’s Board of
Directors for any such meeting in favor of the conversion of the Class D Units
into Units.

4.             Additional
Covenants.  As applicable, the
parties shall cause their respective officers, employees and agents to take all
requisite action requested by the Company or the Purchasers to carry out their
obligations under this Agreement.

 D-1
 

5.             Specific
Enforcement.  It is agreed and
understood that monetary damages would not adequately compensate an injured
party for the breach of this Agreement by any party, that this Agreement shall
be specifically enforceable, and that any breach or threatened breach of this
Agreement shall be the proper subject of a temporary or permanent injunction or
restraining order without a requirement of posting bond.  Further, each party hereto waives any claim
or defense that there is an adequate remedy at law for such breach or threatened
breach.

6.             Representations
and Warranties.  Each of Mr. Linn,
Mr. Rockov, Mr. Ellis, Ms. Anderson, Ms. Ripley and Mr. Keddie hereby
represents and warrants with respect to itself, on and as of the date of this
Agreement, as follows:

(a)           It
has full right, power and authority to vote the Voting Units, held of record by
it, in the manner contemplated herein.

(b)           It
has all requisite power and authority to enter into and perform its obligations
under this Agreement.  The execution,
delivery and performance of this Agreement have been duly authorized by all
necessary action on the part of such party. 
This Agreement has been duly executed and delivered by such party.

(c)           The
execution, delivery and performance of this Agreement will not, with or without
the giving of notice or the passage of time, (i) violate any judgment,
injunction, order or decree of any court, arbitrator or governmental agency
applicable to such party, or (ii) conflict with, result in the breach of any
provision of, constitute a default under, or require the consent or approval of
any third party under, any agreement or instrument to which such party is a
party or by which such party is bound.

7.             Covenants.

(a)           Until
the termination of this Agreement, such party will not enter into any
transaction, take any action or by inaction permit any event to occur that
would result in any of the representations or warranties of such party herein
contained not being true and correct or that would prevent or otherwise
restrict such party from performing its obligations under this Agreement.  None of the parties to this Agreement shall
be subject to any restrictions on transfer as a result of entering into this
Agreement, except that in any transfer pursuant to a private sale of all or any
portion of any such party’s Units such transferee shall agree in writing to be
bound by the terms of this Agreement.

(b)           Such
party shall execute and deliver any additional documents reasonably necessary
or desirable to evidence the agreement to vote granted herein with respect to
the Voting Units or otherwise implement and effect the provisions of this
Agreement.

8.             Third
Party Beneficiaries.  Each of Mr.
Linn, Mr. Rockov, Mr. Ellis, Ms. Anderson, Ms. Ripley and Mr. Keddie
acknowledges that the beneficiaries of the terms of this Agreement are the
Purchasers who purchase Class D Units pursuant to the Purchase Agreement.  Each of Mr. Linn, Mr. Rockov, Mr. Ellis, Ms.
Anderson, Ms. Ripley and Mr. Keddie acknowledges further and agrees that such
Purchasers shall have the right to enforce this Agreement.  Nothing in this Agreement shall be construed
to impose any personal liability on 

 D-2
 

any officer, employee,
director, incorporator, member, manager, partner or stockholder of any party or
any of its affiliates.

9.             Captions.  The captions and headings used in this
Agreement are for convenience only and do not in any way limit or amplify the
terms and provisions hereof.

10.           Manner
of Voting.  The voting of the Units
owned by Mr. Linn, Mr. Rockov, Mr. Ellis, Ms. Anderson, Ms. Ripley and Mr.
Keddie may be effected in person, by proxy, by written consent, or in any other
manner permitted by applicable law.

11.           Splits,
Dividends, Etc.  If there shall be
any issuance of voting securities hereafter to any of the parties hereto
(including in connection with any split, dividend, recapitalization,
reorganization, or the like), such securities shall become subject to this
Agreement.

12.           Amendments.  This Agreement may not be modified or amended
without: (i) the written consent of the Purchasers entitled to purchase a
majority of the Purchased Units based on their Commitment Amounts and (ii) an
instrument or instruments in writing signed by each of Mr. Linn, Mr. Rockov,
Mr. Ellis,  Ms. Anderson, Ms. Ripley and
Mr. Keddie.

13.           Notices.  All notices or other communications under this
Agreement shall be in writing and shall be given (and shall be deemed to have
been duly given upon receipt) by delivery in person, by telecopy (with
confirmation of receipt), or by registered or certified mail, postage prepaid,
return receipt requested, addressed to the notice address specified on the
applicable signature page to this Agreement.

14.           Entire
Agreement.  This Agreement is
intended to be the sole agreement of the parties as it relates to this subject
matter.

15.           Severability.  If any provision of this Agreement shall be
held invalid, illegal or unenforceable, the validity, legality or
enforceability of the other provisions of this Agreement shall not be affected
thereby, and there shall be deemed substituted for the provision at issue a valid,
legal and enforceable provision as similar as possible to the provision at
issue.

16.           Governing
Law.  This Agreement shall be
governed by and construed under the laws of the State of Delaware, without
reference to the principles of conflicts of law.

17.           Counterparts.  This Agreement may be executed in
counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument.

18.           No
Partnership, Agency or Joint Venture. 
This Agreement is intended to create, and creates, a contractual
relationship and is not intended to create, and does not create, any agency,
partnership, joint venture or any like relationship among the parties hereto.

19.           Termination.  This Agreement shall (i) terminate
automatically following the satisfaction by the Company of its obligations
under Section 5.01 of the Purchase Agreement and (ii) shall be deemed satisfied
in full and terminated upon the consummation of the Conversion.  In the event of termination of this Agreement
pursuant to this Section 19, this Agreement shall 

 D-3
 

become void and of no
effect with no liability on the part of any party hereto; provided, however,
no such termination shall relieve any party hereto from any liability for any
breach of this Agreement occurring prior to such termination.

[Remainder of page
intentionally left blank]

 D-4
 

IN WITNESS WHEREOF, the parties have executed this
Voting Agreement as of the day and year hereinabove first written.

	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Michael C. Linn

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Kolja
  Rockov

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Mark E.
  Ellis

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Lisa D.
  Anderson

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Charlene
  A. Ripley

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Roland
  P. Keddie

  

 

[Signature Page to Voting Agreement]

 D-5

Exhibit E

LINN ENERGY, LLC

Officer’s Certificate

Pursuant to Section 6.02(b) of the Class D Unit and
Unit Purchase Agreement, dated as of June 29, 2007 (the “Purchase
Agreement”) by and among Linn Energy, LLC, a Delaware limited liability
company (the “Company”), and each of the Purchasers named in Schedule
2.01 to the Purchase Agreement relating to the issuance and sale by the Company
to the Purchasers of an aggregate of 12,999,989 Units representing limited
liability company interests in the Company and an aggregate of 34,997,005 Class
D Units representing limited liability company interests in the Company, the
undersigned hereby certifies on behalf of the Company as follows:

(A)          The
Company has performed and complied with the covenants and agreements contained
in the Purchase Agreement that are required to be performed and complied with
by the Company on or prior to the date hereof.

(B)           The
representations and warranties of the Company contained in the Purchase
Agreement that are qualified by materiality or Linn Energy Material Adverse
Effect (as defined in the Purchase Agreement) are true and correct as of the
date of the Purchase Agreement and as of the date hereof and all other
representations and warranties are true and correct in all material respects as
of the date of the Purchase Agreement and as of the date hereof, except that
representations made as of a specific date are true and correct as of such date
only.

(C)           Since
the date of the Purchase Agreement, no Linn Energy Material Adverse Effect (as
defined in the Purchase Agreement) has occurred and is continuing.

Dated: [•], 2007

	
   

  	
  LINN ENERGY, LLC

   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  

 

Exhibit F

PURCHASERS’

Officer’s Certificate

Pursuant to Section 6.03(c) of the Class D Unit and
Unit Purchase Agreement, dated as of June 29, 2007 (the “Purchase
Agreement”), by and among Linn Energy, LLC, a Delaware limited liability
company (the “Company”), and each of the Purchasers named in Schedule
2.01 to the Purchase Agreement relating to the issuance and sale by the Company
to the Purchasers of an aggregate of 12,999,989 Units representing limited
liability company interests in the Company and an aggregate of 34,997,005 Class
D Units representing limited liability company interests in the Company, each
of the undersigned hereby certifies solely on behalf of itself as follows:

(A)          Such
Purchaser has performed and complied with the covenants and agreements
contained in the Purchase Agreement that are required to be performed and
complied with by such Purchaser on or prior to the date hereof.

(B)           The
representations and warranties of such Purchaser contained in the Purchase
Agreement that are qualified by materiality or Purchaser Material Adverse
Effect (as defined in the Purchase Agreement) are true and correct as of the
date of the Purchase Agreement and as of the date hereof and all other
representations and warranties are true and correct in all material respects as
of the date of the Purchase Agreement and as of the date hereof, except that
representations made as of a specific date are true and correct as of such date
only.

(C)           Since
the date of the Purchase Agreement, no Purchaser Material Adverse Effect (as
defined in the Purchase Agreement) has occurred and is continuing.

Dated: [•], 2007

	
   

  	
  [PURCHASER]

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  

 

Exhibit G

LINN ENERGY, LLC

SECRETARY’S
CERTIFICATE

[•],
2007

Reference
is made to that certain Class D Unit and Unit Purchase Agreement, dated as
of June 29, 2007, by and among Linn Energy, LLC, a Delaware limited
liability company (the “Company”) and the Purchasers party thereto (the “Purchase
Agreement”).  Terms that are defined
in the Purchase Agreement and that are used but not defined herein have the
respective meanings given to them in the Purchase Agreement.  I, Charlene A. Ripley, hereby certify that I
am the duly elected, qualified and acting Senior Vice President, General
Counsel and Secretary of the Company; and that as such I am familiar with the
facts herein certified and am authorized to certify the same and do further
certify, in such capacity, that:

1.             Attached hereto as Exhibit
A is a true, correct and complete copy of the Certificate of Formation of
the Company (including all amendments, if any, thereto), certified by the
Secretary of State of the State of Delaware, as in effect on May 31, 2005 and
at all times thereafter to and including the date hereof.  No other amendments to such Certificate of
Formation have been authorized by the members or Board of Directors of the
Company and such Certificate of Formation is in full force and effect as of the
date hereof.

2.             No proceedings have
been instituted or are pending, or, to the best of my knowledge, are
contemplated, for the dissolution or liquidation of the Company or that would
threaten its limited liability company existence or forfeit its limited
liability company rights or franchises.

3.             Attached hereto as Exhibit
B is a true, correct and complete copy of the Second Amended and Restated
Limited Liability Company Agreement of the Company, dated as of January 19,
2006, as amended by Amendment No. 1 to the Second Amended and Restated Limited
Liability Company Agreement of the Company, dated as of October 24, 2006 and
Amendment No. 2 to the Second Amended and Restated Limited Liability Company
Agreement of the Company, dated as of February 1, 2007 (“LLC Agreement”),
as in effect on the date hereof.  The LLC
Agreement has not otherwise been amended or rescinded and remains in full force
and effect as of the date hereof

4.             Attached hereto as Exhibit
C is a true, correct and complete copy of resolutions duly and validly
adopted by the Board of Directors of the Company at a meeting on June 21,
2007, a copy of which has been duly filed with the minutes of the proceedings
of such Board of Directors.  Such resolutions
have not been modified, amended, rescinded or revoked, and the same are in full
force and effect on the date hereof and are within the power of the Board of
Directors to pass as provided in the LLC Agreement of the Company.

 G-1
 

5.             The
following persons are duly elected or appointed and acting officers of the
Company, holding the respective offices set forth opposite their names below,
and the signatures set forth opposite their names below are their true and
genuine signatures:

	
  Name

  	
   

  	
  Office

  	
   

  	
  Specimen Signature

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Michael C. Linn

  	
   

  	
  Chairman, President 

  and Chief Executive 

  Officer

  	
   

  	
   

  
	
   

  
	
   

  
	
   

  
	
  Charlene A.
  Ripley

  	
   

  	
  Senior Vice President, 

  General Counsel and 

  Corporate Secretary

  	
   

  	
   

  
	
   

  
	
   

  
	
   

  
	
  Kolja Rockov

  	
   

  	
  Executive Vice 

  President and Chief 

  Financial Officer

  	
   

  	
   

  
	
   

  
	
   

  

 

6.             Each
of the foregoing officers and the undersigned is authorized pursuant to the
resolutions attached hereto, as officers of the Company, to execute and
deliver, for and on behalf of the Company, the Purchase Agreement, the
Registration Rights Agreement and all certificates, notices, communications and
other documents required or permitted to be given by or on behalf of the
Company in connection with the transactions contemplated thereby.

7.             This
certificate and the specimen signatures contained herein may be executed in one
or more counterparts, none of which need contain the signatures of all persons,
each of which shall be deemed an original, and all of which together shall
constitute one and the same instrument.

 G-2
 

IN WITNESS
WHEREOF, the undersigned has executed this certificate as of the date first set
forth above.

	
  

  	
  LINN ENERGY, LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Charlene A. Ripley

  
	
   

  	
   

  	
  Senior Vice President, General Counsel

  
	
   

  	
   

  	
  and Corporate Secretary

  

 

I,
Kolja Rockov, Executive Vice President and Chief Financial Officer of the
Company, hereby certify that the signature of Charlene A. Ripley set forth
above is a true, correct and genuine signature of such person, and that such
person is the duly elected or appointed, qualified and acting Senior Vice
President, General Counsel and Corporate Secretary of the Company.

	
   

  	
   

  	
   

  
	
   

  	
  Kolja Rockov

  
	
   

  	
  Executive Vice President and

  
	
   

  	
  Chief Financial Officer

  

 

[Signature Page to
Linn Energy, LLC Secretary’s Certificate]

 G-3
 

EXHIBIT “A”

CERTIFICATE OF
FORMATION

 G-4
 

EXHIBIT “B”

SECOND AMENDED AND
RESTATED

LIMITED LIABILITY COMPANY
AGREEMENT

AND

AMENDMENT NO. 1 TO  SECOND AMENDED

AND RESTATED LIMITED
LIABILITY COMPANY AGREEMENT

AND

AMENDMENT NO. 2 TO  SECOND AMENDED

AND RESTATED
LIMITED LIABILITY COMPANY AGREEMENT

 G-5
 

EXHIBIT “C”

RESOLUTIONS

 G-6

Exhibit H

[Dominion Acquisition
Agreement]Exhibit 10.1

CONSENT AND AMENDMENT NO. 9 TO CREDIT AGREEMENT

This Consent and Amendment No. 9 to Credit Agreement,
dated as of July 31, 2007 (this “Consent and Amendment”), is entered into
by and among Blue Ridge Paper Products Inc., a Delaware corporation (“Borrower”),
as Borrower; Blue Ridge Holding Corp., a Delaware corporation (“Holdings”), as
a Credit Party; BRPP, LLC, a North Carolina limited liability company (the “IP
Subsidiary”), as a Credit Party; and General Electric Capital Corporation, as a
Lender and as Agent for Lenders (in such capacity, “Agent”).

RECITALS

A.            Borrower, Holdings, the IP Subsidiary, Agent and Lender
are parties to that certain Credit Agreement, dated as of December 17, 2003 (as
amended by Amendment No. 1 thereto, dated as of February 17, 2004, Amendment
No. 2 thereto, dated as of September 15, 2004, Consent and Amendment No. 3
thereto, dated as of October 8, 2004, Amendment No. 4 thereto, dated as of
October 8, 2004, Amendment No. 5 thereto, dated as of December 21, 2004, Amendment
No. 6 thereto, dated as of August 5, 2005, Amendment No. 7 thereto, dated as of
March 15, 2006, Amendment No. 8 thereto, dated as of June 9, 2006, and as from
time to time hereafter further amended, restated, supplemented or otherwise
modified and in effect, the “Credit Agreement”), pursuant to which Lender has
made and will hereafter make loans and advances and other extensions of credit
to Borrower.

B.            Holdings has entered into an Agreement and Plan of
Merger, by and among Rank Group Limited, a New Zealand company (“RGL”),
Packaging Holdings Inc., a Delaware corporation (“Newco”), Holdings, and KPS
Special Situations Fund, L.P., a Delaware limited partnership, solely in its
capacity as the Stockholder Representative, pursuant to which Newco will merge
with and into Holdings, with Holdings as the surviving corporation (the “RGL
Merger”).

C.            Upon the consummation of the RGL Merger, Borrower shall
be required under the terms of the Senior Secured Notes, to make an offer to
the holders thereof to purchase the Senior Secured Notes at a purchase price
equal to 101% of the principal amount thereof (the “Notes Purchase Offer”).

D.            Borrower has requested that Agent and Lender consent to
the RGL Merger (and certain other actions as set forth herein upon the consummation
of the RGL Merger) and the Notes Purchase Offer, and Agent and Lender are
willing to provide such consent on the terms and subject to the conditions set
forth herein.

E.             This Consent and Amendment shall constitute a Loan
Document and these Recitals shall be construed as part of this Consent and
Amendment.  Capitalized terms used herein
without definition are so used as defined in the Credit Agreement and Annex A
thereto.

 

NOW, THEREFORE, in consideration of the premises and
the mutual covenants hereinafter contained and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged,
the parties hereto agree as follows:

1.                                      Consents.  Notwithstanding any other provision of the
Credit Agreement or any other Loan Document to the contrary:

1.1.          Agent and Lender
hereby consent to the RGL Merger; provided, that immediately upon the
consummation thereof, the amendments to the Credit Agreement set forth in
Section 2 of this Consent and Amendment shall become effective.

1.2.          Agent and Lender
hereby consent to the Notes Purchase Offer upon the consummation of the RGL
Merger; provided, that, (X) (a) proceeds of Loans may be used to make payments
under the Notes Purchase Offer only to the extent that, both before and after
giving effect to such payments, Borrowing Availability is equal to at least
$10,000,000 and (b) at the time any payments under the Notes Purchase Offer are
made, no Event of Default shall have occurred and be continuing or would result
from the making of any such payments and (Y) to the extent that payments under
the Notes Purchase Offer are not funded with the proceeds of Loans as provided
under (X) above, such payments under the Notes Purchase Offer shall be funded
with the proceeds of (a) sales of common stock by, or other equity
contributions to, Holdings and which are in turn contributed as equity to
Borrower and/or (b) the issuance of Indebtedness permitted to be incurred by
the provisions of Section 2.1 of this Consent and Amendment.

1.3.          Effective upon the
consummation of the RGL Merger, Agent and Lender hereby (a) releases Holdings
as a Credit Party under the Credit Agreement and each other Loan Document and
releases the Holdings Guaranty and any Liens granted by Holdings pursuant to
the Collateral Documents, and (b) consents to the transfer of the Borrower’s
interest in Envases Panama, S.A. to Evergreen Packaging International B.V.

2.                                      Amendments
to Credit Agreement.  The amendments
to the Credit Agreement set forth in this Section 2 shall take effect immediately
upon the consummation of the RGL Merger. 
If, for any reason, the RGL Merger is not consummated, then the
amendments to the Credit Agreement set forth in this Section 2 shall be void.

2.1.          Section 6.3(a) of
the Credit Agreement is amended by inserting the following as new clauses (x)
and (xi) at the end thereof:

“and (x) Indebtedness
incurred by Borrower (which Indebtedness may be loaned to Borrower by a
non-Subsidiary Affiliate of the Borrower) for the purpose of making payments
under the Notes Purchase Offer (as defined in the Consent and Ninth Amendment
to the Credit Agreement) in an aggregate amount not to exceed the amount needed
to make such payments and pay any fees and expenses in connection therewith and
(xi) Indebtedness or Guaranteed Indebtedness incurred by any Credit Party in
respect of the CHH Multi-Option Facility Agreement”.

2.2.          Section 6.7 of the
Credit Agreement is amended by inserting the following as a new clause (g) at
the end of the first sentence thereof:

 2
 

 

“and (g) the following
Liens securing the Indebtedness permitted to be incurred under Section
6.3(a)(x) or (xi): (i) if all of the Senior Secured Notes have been repurchased
or repaid in full, (x) a first priority Lien on the Noteholder Priority
Collateral which shall be senior to Agent’s Lien, on behalf of Lenders, on such
Collateral and (y) a second priority Lien on the Lender Priority Collateral
which shall be junior to Agent’s Lien, on behalf of Lenders, on such
Collateral, subject, in each case, to the holders of such Indebtedness (or an
agent on behalf of such holders) entering into an intercreditor agreement on
substantially the same terms as the Intercreditor Agreement, and (ii) if less
than all of the Senior Secured Notes have been repurchased or repaid in full, a
junior Lien on the Noteholder Priority Collateral, which shall be junior to
Agent’s Lien, on behalf of Lenders, on such Collateral, subject, to the holders
of such Indebtedness (or an agent on behalf of such holders) entering into an
intercreditor agreement in form and substance reasonably satisfactory to Agent
and the Senior Secured Notes Trustee”.

2.3.          Annex A
(Definitions) to the Credit Agreement is amended by amending and restating the
definition of “Change of Control” as follows:

“‘Change of Control’ means
any event, transaction, occurrence or series of events, transactions or
occurrences, as a result of which (a) RGL shall cease, directly or indirectly,
to own and control all of the economic and voting rights associated with
ownership of at least thirty-three percent (33%) of the outstanding capital
Stock of Holdings on a fully diluted basis, (b) Holdings shall cease to own and
control all (100%) of the economic and voting rights associated with ownership
of all (100%) of the outstanding capital Stock of Borrower, (c) RGL shall cease
to control a majority of the seats on the board of directors of Holdings or (d)
any event (other than the RGL Merger) occurs which would result in a “Change of
Control” as defined in the Senior Secured Notes Indenture.”

2.4.          The following
defined terms are inserted in Annex A (Definitions) to the Credit Agreement in
the appropriate alphabetical order:

“‘CHH Multi-Option
Facility Agreement’ means the Multi-Option Facility Agreement dated December
18, 2006 (as amended from time to time) between Carter Holt Harvey Limited,
Credit Suisse and others.”

“‘RGL’ means Rank Group
Limited, a New Zealand company.”

“‘RGL Merger’ means the
merger of Packaging Holdings Inc., a Delaware corporation, with and into
Holdings with Holdings as the surviving corporation pursuant to that certain
Agreement and Plan of Merger, by and among RGL, Packaging Holdings Inc.,
Holdings, and KPS Special Situations Fund, L.P., a Delaware limited
partnership, solely in its capacity as the Stockholder Representative.”

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3.                                      Conditions
to Effectiveness.  The effectiveness
of this Consent and Amendment is expressly conditioned upon the satisfaction of
each of the following conditions precedent in a manner acceptable to Agent:

3.1.          Agent’s receipt of
counterparts of this Consent and Amendment, duly executed by Borrower,
Holdings, the IP Subsidiary, Agent and Lender.

3.2.          After giving effect
to the consents set forth in Section 1 of this Consent and Amendment, no
Default or Event of Default shall have occurred and be continuing or would
result from the effectiveness of this Consent and Amendment.

3.3.          Borrower shall have
provided to Agent evidence and documentation, reasonably satisfactory to Agent,
regarding the sources of the funds proposed to be used to make the payments
under the Notes Purchase Offer.

4.                                      Reference
to and Effect Upon the Credit Agreement and other Loan Documents.

4.1.          The Credit
Agreement, the Notes and each other Loan Document shall remain in full force
and effect and each is hereby ratified and confirmed by Borrower and the IP
Subsidiary.  Without limiting the
foregoing, the Liens granted pursuant to the Collateral Documents (other than
by Holdings) shall continue in full force and effect and the guaranty of the IP
Subsidiary shall continue in full force and effect.

4.2.          Each reference in
the Credit Agreement to “this Agreement”, “hereunder”, “hereof”, “herein” or
any other word or words of similar import shall mean and be a reference to the
Credit Agreement as amended hereby, and each reference in any other Loan
Document to the Credit Agreement or any word or words of similar import shall
be and mean a reference to the Credit Agreement as amended hereby.

5.                                      Counterparts.  This Consent and Amendment may be executed in
any number of counterparts, each of which when so executed shall be deemed an
original but all such counterparts shall constitute one and the same
instrument.  A counterpart signature page
delivered by fax transmission shall be as effective as delivery of an
originally executed counterpart.

6.                                      Costs
and Expenses.  As provided in Section
11.3 of the Credit Agreement, Borrower shall pay the fees, costs and expenses
incurred by Agent in connection with the preparation, execution and delivery of
this Consent and Amendment (including, without limitation, reasonable attorneys’
fees).

7.                                      GOVERNING
LAW.  THIS CONSENT AND AMENDMENT
SHALL BE GOVERNED BY AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE INTERNAL
LAWS (AS OPPOSED TO CONFLICTS OF LAW PROVISIONS) OF THE STATE OF NEW YORK.

8.                                      Headings.  Section headings in this Consent and
Amendment are included herein for convenience of reference only and shall not
constitute a part of this Consent and Amendment for any other purpose.

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[SIGNATURE PAGE
FOLLOWS]

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IN WITNESS WHEREOF, this Consent and Amendment has
been duly executed as of the date first written above.

	
  

  	
   

  	
  BLUE RIDGE PAPER PRODUCTS INC.,
  as Borrower

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ John Wadsworth

  
	
   

  	
   

  	
  Title:

  	
  CFO

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  BLUE RIDGE HOLDING CORP., as a
  Credit Party

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ John Wadsworth

  
	
   

  	
   

  	
  Title:

  	
  CFO

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  BRPP, LLC, as a Credit Party

  
	
   

  	
   

  	
  By:

  	
  Blue Ridge Paper Products Inc., sole Member and

  Manager

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ John Wadsworth

  
	
   

  	
   

  	
  Title:

  	
  CFO

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  GENERAL ELECTRIC CAPITAL CORPORATION,

  
	
   

  	
   

  	
  as Agent and Lender

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Meeno Sameer, Vice President, Risk

  
	
   

  	
   

  	
  Title: Duly Authorized Signatory

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