Document:

Exhibit 10.1 Common Unit Purchase Agreement

Exhibit 10.1

COMMON UNIT PURCHASE AGREEMENT
This Common Unit Purchase Agreement (this "Agreement"), effective as of August 20, 2014, is by and between Martin Midstream Partners L.P., a Delaware limited partnership (the "Seller") and Martin Product Sales LLC, a Texas limited liability company (the "Purchaser").
RECITALS
WHEREAS, the Seller desires to issue and sell to the Purchaser, and the Purchaser desires to purchase from the Seller 1,171,265 common units (the "Units") representing limited partnership interests in the Seller;
WHEREAS, the Purchaser has agreed to purchase the Units from the Seller on the terms hereinafter set forth; 
NOW, THEREFORE, in consideration of the foregoing recitals and the agreements herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound hereby, the parties hereto hereby agree as follows:
ARTICLE 1.
PURCHASE AND SALE OF UNITS
1.1.    Purchase and Sale of the Units.  Subject to the terms and conditions hereof and on the basis of the representations and warranties hereinafter set forth, the Seller agrees to issue and sell to the Purchaser, and the Purchaser agrees to purchase from the Seller the Units for the consideration of $45,000,000 (the "Sale Consideration"), payable by wire transfer to an account designated in writing by the Seller.
1.2.    Delivery of Unit Certificates.  Upon the execution of this Agreement and upon the receipt of the payment from the Purchaser of the Sale Consideration, the Seller shall deliver to the Purchaser a certificate evidencing the Units.
1.3.    Restriction on the Transfer of the Units.  The Purchaser acknowledges that, other than a pledge to Regions Bank in its capacity as administrative agent and collateral agent under the Purchaser’s secured credit agreement, the Purchaser may not directly or indirectly (including by operation of law) transfer any of the Units unless such transfer is pursuant to an effective registration statement under the Securities Act (as defined below) and the securities laws of any applicable state or other jurisdiction, or such transfer is exempt from registration under such laws. The certificate representing the Units delivered to the Purchaser pursuant to this Agreement and any subsequent unit certificates deriving from such certificate shall bear appropriate legends to such effect.
ARTICLE 2. 
REPRESENTATIONS AND WARRANTIES
2.1.    Representations and Warranties of Seller.  The Seller represents and warrants to, and agrees with, the Purchaser as follows:

2.1.1.    Legal Capacity.  The Seller possesses the legal capacity to execute, deliver and perform this Agreement, without obtaining any approval, authorization, consent or waiver from, or giving any notice to, any third party or governmental entity. 
2.1.2.    Execution, Delivery, and Enforceability.  The Seller has duly authorized, executed, and delivered this Agreement, and this Agreement constitutes a valid, legal, and binding obligation of the Seller, enforceable against the Seller in accordance with its terms, subject to any laws affecting creditors' rights.
2.1.3.    Issuance of Units.  The Units have been duly and validly authorized for issuance pursuant to this Agreement and, when issued and delivered as provided hereunder against payment in accordance with the terms hereof, will be validly issued, fully paid and nonassessable (except to the extent that such nonassessablility may be limited by law or by the Seller’s Partnership Agreement).
2.1.4.    Conflicts.  The Seller's execution, delivery, or performance of this Agreement or the transactions contemplated herein to be performed by the Seller will not conflict with, constitute a breach or violation of, result in a lien against, or give rise to any default or right of acceleration, cancellation, or termination with respect to any document or any applicable law to which Seller is a party or by which any of the Seller's assets are bound (or give rise to an event that with notice, lapse of time, or both, would result in such a conflict, breach, violation, lien, default, or right).
2.1.5    Sale Consideration.  The Seller acknowledges and agrees that (a) the Sale Consideration has been determined by arms-length negotiations between the Seller and the Purchaser based upon each party’s analysis and diligence concerning the Company’s prospects and the fair market value of the Units, and (b) the Seller has not made any representations or warranties to the Purchaser regarding the historical or prospective financial or operating performance of, or any other matters relating to, the Seller or its subsidiaries.
2.2.    Representations and Warranties of Purchaser.  The Purchaser represents and warrants to, and agrees with, the Seller as follows:
2.2.1.    Legal Capacity.  The Purchaser possesses the legal capacity to execute, deliver and perform this Agreement, without obtaining any approval, authorization, consent or waiver from, or giving any notice to, any third party or governmental entity.
2.2.2.    Execution, Delivery, and Enforceability.  The Purchaser has duly executed and delivered this Agreement, and this Agreement constitutes a valid, legal, and binding obligation of the Purchaser, enforceable against the Purchaser in accordance with its terms, subject to any laws affecting creditors' rights.
2.2.3.    Conflicts.  The Purchaser's execution, delivery, and performance of this Agreement will not conflict with, constitute a breach or violation of, result in a lien against, or give rise to any default or right of acceleration, cancellation, or termination with respect to any document to which the Purchaser is a party or by which any of the Purchaser's assets are bound (or give rise to an event that with notice, lapse of time, or both, would result in such a conflict, breach, violation, lien, default, or right).
2.2.4.    Sophisticated Investor.  The Purchaser is an "accredited investor" as defined in rule 501(a) under the Securities Act of 1933.  The Purchaser is acquiring the Units for investment purposes only and not with a view to making a distribution of such Units.

ARTICLE 3.
GENERAL
3.1.    Amendment.  No amendment or modification of any of the provisions of this Agreement shall be effective unless in writing and signed by all of the parties to this Agreement.
3.2.    Counterparts.  This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original agreement, but all of which shall constitute one and the same agreement. Any party to this Agreement may execute and deliver this Agreement by an executed signature page transmitted by a facsimile machine.
3.3. Entire Agreement.  This Agreement constitutes the entire agreement and understanding among the parties to this Agreement and supersedes all prior agreements and understandings, both written and oral, with respect to the subject matter contained in this Agreement.
3.4. Governing Law.  THIS AGREEMENT SHALL BE CONSTRUED AND INTERPRETED ACCORDING TO, AND GOVERNED BY, THE LAWS OF THE STATE OF TEXAS, REGARDLESS OF THE LAWS THAT MIGHT OTHERWISE GOVERN UNDER THE APPLICABLE PRINCIPLES OF CONFLICTS OF THE STATE OF TEXAS.
3.5    Headings.  Article and section headings are used in this Agreement only as a matter of convenience, are not a part of this Agreement, and shall not have any effect upon the construction or interpretation of this Agreement.
IN WITNESS WHEREOF, each party hereto has executed and delivered this Agreement as of the date first written above.
SELLER:
MARTIN MIDSTREAM PARTNERS L.P.
By:  Martin Midstream GP LLC, its general partner

By:  /s/ Joseph McCreery                    Name:     Joseph McCreery                    
Title:  Vice President of Finance and Head of Investor Relations                        
PURCHASER:
MARTIN PRODUCT SALES LLC
By:  /s/ Robert D. Bondurant                    
Name:    Robert D. Bondurant                
Title:  Executive Vice President and Chief Financial Officerex10a.htm

Exhibit (10)(a)

Consent of Ernst & Young LLP, Independent Registered Public Accounting Firm

We consent to the reference to our firm under the caption “Independent Registered Public Accounting Firm” in Post-Effective Amendment No. 5 to the 1933 Act Registration Statement (Form N-4 No. 333-181612) pertaining to Lincoln Life Variable Annuity Account N, which is incorporated by reference into Post-Effective Amendment No. 6 to the 1933 Act Registration Statement (Form N-4 No. 333-181612) and Amendment No. 422 to the 1940 Act Registration Statement (Form N-4 No. 811-08517), and to the use therein of our reports dated (a) April 1, 2014, with respect to the consolidated financial statements of The Lincoln National Life Insurance Company and (b) April 1, 2014, with respect to the financial statements of Lincoln Life Variable Annuity Account N for the registration of interests in a separate account under individual flexible payment deferred variable annuity contracts.

/s/ Ernst & Young LLP

Philadelphia, Pennsylvania

August 22, 2014ex10b.htm

Exhibit 10(b)

POWER OF ATTORNEY

We, the undersigned directors and/or officers of The Lincoln National Life Insurance Company, hereby constitute and appoint Delson R. Campbell, Scott C. Durocher, Kimberly A. Genovese, Daniel P. Herr, Donald E. Keller, Brian A. Kroll, Eric S. Levy, John L. Reizian, Lawrence A. Samplatsky, Stephen R. Turer and John D. Weber,  individually, our true and lawful attorneys-in-fact, with full power to each of them to sign for us, in our names and in the capacities indicated below, any Registration Statements and any and all amendments to Registration Statements; including exhibits, or other documents filed on Forms N-6 or N-4 or any successors or amendments to these Forms, filed with the Securities and Exchange Commission, under the Securities Act of 1933 and/or Securities Act of 1940, on behalf of the Company in its own name or in the name of one of its Separate Accounts, hereby ratifying and confirming our signatures as they may be signed by any of our attorneys-in-fact to any such amendments to said Registration Statements as follows:

Variable Life Insurance Separate Accounts:

Lincoln Life Flexible Premium Variable Life Account D: File No. 033-00417; 811-04592

Lincoln Life Flexible Premium Variable Life Account F: File No. 033-14692, 333-40745; 811-05164

Lincoln Life Flexible Premium Variable Life Account G: File No. 033-22740; 811-05585

Lincoln Life Flexible Premium Variable Life Account J: File No. 033-76434; 811-08410

Lincoln Life Flexible Premium Variable Life Account K: File No. 033-76432; 811-08412

Lincoln Life Flexible Premium Variable Life Account M: File No. 333-82663, 333-84360, 333-42479, 333-54338, 333-84370, 333-63940, 333-111137, 333-111128, 333-118478, 333-118477, 333-145090, 333-139960,

333-146507; 333-181796; 333-191329; 333-192303; 811-08557

Lincoln Life Flexible Premium Variable Life Account R: File No. 333-43107, 333-33782, 333-90432, 333-115882, 333-125792, 333-125991, 333-145235, 333-145239; 333-188891; 811-08579

Lincoln Life Flexible Premium Variable Life Account S: File No. 333-72875, 333-104719, 333-125790; 811-09241

Lincoln Life Flexible Premium Variable Life Account Y: File No. 333-81884, 333-81882, 333-90438, 333-118482, 333-118481, 333-115883; 333-156123; 811-21028

Lincoln Life Flexible Premium Variable Life Account JF-A: File No. 333-144268, 333-144269, 333-144271, 333-144272; 333-144273, 333-144274, 333-144275; 811-04160

Lincoln Life Flexible Premium Variable Life Account JF-C: File No. 333-144270, 333-144264; 811-08230

Variable Annuity Separate Accounts:

Lincoln National Variable Annuity Fund A: File No. 002-26342, 002-25618; 811-01434

Lincoln National Variable Annuity Account C: 033-25990, 333-50817, 333-68842, 333-112927; 333-179107; 811-03214

Lincoln National Variable Annuity Account E: 033-26032; 811-04882

Lincoln National Variable Annuity Account H: 033-27783, 333-18419, 333-35780, 333-35784, 333-61592,

333-63505, 333-135219; 333-170695; 333-175888; 333-181615; 811-05721

Lincoln National Variable Annuity Account L: 333-04999; 333-187072; 333-187069; 333-187070; 333-187071; 811-07645

Lincoln Life Variable Annuity Account N: 333-40937, 333-36316, 333-36304, 333-61554, 333-135039,

333-138190, 333-149434; 333-170529; 333-170897; 333-172328; 333-174367; 333-181612; 333-186894; 333-193272; 333-193273; 333-193274; 811-08517

Lincoln Life Variable Annuity Account Q: 333-43373; 811-08569

Lincoln Life Variable Annuity Account T: 333-32402, 333-73532; 811-09855

Lincoln Life Variable Annuity Account W: 333-52572, 333-52568, 333-64208; 811-10231

Lincoln Life Variable Annuity Account JL-A: File No. 333-141888; 811-02188

Lincoln Life Variable Annuity Account JF-I: File No. 333-144276, 333-144277; 811-09779

Lincoln Life Variable Annuity Account JF-II: File No. 333-144278; 811-08374

Except as otherwise specifically provided herein, the power-of-attorney granted herein shall not in any manner revoke in whole or in part any power-of-attorney that each person whose signature appears below has previously executed.  This power-of-attorney shall not be revoked by any subsequent power-of-attorney each person whose signature appears below may execute, unless such subsequent power specifically refers to this power-of-attorney or specifically states that the instrument is intended to revoke all prior general powers-of-attorney or all prior powers-of-attorney.

This Power-of-Attorney may be executed in separate counterparts each of which when executed and delivered shall be an original; but all such counterparts shall together constitute one and the same instrument.  Each counterpart may consist of a number of copies, each signed by less than all, but together signed by all, of the undersigned.

	
Signature

	
Title

 

	
/s/ Dennis R. Glass 

Dennis R. Glass

 

	
President and Director

	
/s/ Charles C. Cornelio 

Charles C. Cornelio

 

	
Executive Vice President; Chief Administrative Officer and Director

	
/s/ Ellen Cooper 

Ellen Cooper

 

	
Executive Vice President, Chief Investment Officer and Director

	
/s/ Randal J. Freitag 

Randal J. Freitag

 

	
Executive Vice President; Chief Financial Officer and Director

	
/s/ Mark E. Konen 

Mark E. Konen

 

	
Executive Vice President and Director

	
/s/ Keith J. Ryan 

Keith J. Ryan

	
Vice President and Director

We, Delson R. Campbell, Scott C. Durocher, Kimberly A. Genovese, Daniel P. Herr, Donald E. Keller, Brian A. Kroll, John L. Reizian, Lawrence A. Samplatsky, Stephen R. Turer and John D. Weber, have read the foregoing Power of Attorney.  We are the person(s) identified therein as agent(s) for the principal named therein.  We acknowledge our legal responsibilities.

/s/ Delson R. Campbell

____________________________________

Delson R. Campbell

/s/ Scott C. Durocher

____________________________________

Scott C. Durocher

/s/ Kimberly A. Genovese

____________________________________

Kimberly A. Genovese

/s/ Daniel P. Herr

_____________________________________

Daniel P. Herr

/s/ Donald E. Keller

__________________________________

Donald E. Keller

/s/ Brian A. Kroll

____________________________________

Brian A. Kroll

/s/ Eric S. Levy

____________________________________

Eric S. Levy

/s/ John L. Reizian

____________________________________

John L. Reizian

/s/ Lawrence A. Samplatsky

____________________________________

Lawrence A. Samplatsky

/s/Stephen R. Turer

____________________________________

Stephen R. Turer

/s/ John D. Weber

____________________________________

John D. Weber

Version dated: May 2014

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