Document:

EX-4.2

 Exhibit 4.2 

Execution Copy 
 LIMITED
LIABILITY COMPANY INTEREST 
 PURCHASE AGREEMENT 

by and between 
 TEEKAY
CORPORATION 
 (“Seller”) 

and 
 STONEPEAK
INFRASTRUCTURE FUND IV CAYMAN (AIV III) LP 
 (“Buyer”) 

dated as of 

October 4, 2021 
 NO AGREEMENT, ORAL OR
WRITTEN, REGARDING OR RELATING TO ANY OF THE MATTERS COVERED BY THIS DOCUMENT HAS BEEN ENTERED INTO BETWEEN THE PARTIES. THIS DOCUMENT IS INTENDED SOLELY TO FACILITATE DISCUSSIONS AMONG THE PARTIES IDENTIFIED HEREIN. IT IS NOT INTENDED TO CREATE,
AND WILL NOT BE DEEMED TO CREATE, A LEGALLY BINDING OR ENFORCEABLE OFFER OR AGREEMENT OF ANY TYPE OR NATURE PRIOR TO THE ACTUAL EXECUTION OF THIS DOCUMENT BY ALL SUCH PARTIES AND THE DELIVERY OF AN EXECUTED COPY HEREOF BY ALL SUCH PARTIES TO ALL
OTHER PARTIES. THIS FORM OF AGREEMENT IS SUBJECT TO REVISION BY TEEKAY HOLDINGS LIMITED AT ANY TIME. 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 ARTICLE I
	 	DEFINITIONS AND RULES OF CONSTRUCTION	  	 	1	 
			
	 Section 1.1
	 	Definitions	  	 	1	 
			
	 Section 1.2
	 	Rules of Construction	  	 	9	 
			
	 ARTICLE II
	 	PURCHASE AND SALE; CLOSING	  	 	11	 
			
	 Section 2.1
	 	Purchase and Sale of Purchased Interest	  	 	11	 
			
	 Section 2.2
	 	Purchase Price	  	 	11	 
			
	 Section 2.3
	 	The Closing	  	 	11	 
			
	 ARTICLE III
	 	REPRESENTATIONS AND WARRANTIES OF THE SELLER	  	 	12	 
			
	 Section 3.1
	 	Authorization; Enforceability	  	 	12	 
			
	 Section 3.2
	 	Organization of General Partner	  	 	13	 
			
	 Section 3.3
	 	Ownership of Purchased Interest and General Partner Interest	  	 	13	 
			
	 Section 3.4
	 	No Conflict	  	 	14	 
			
	 Section 3.5
	 	Litigation	  	 	15	 
			
	 Section 3.6
	 	Brokers’ Fees	  	 	15	 
			
	 Section 3.7
	 	Operations; Intercompany Accounts; Affiliate Arrangements; Financial Statements	  	 	15	 
			
	 Section 3.8
	 	Absence of Certain Changes	  	 	16	 
			
	 Section 3.9
	 	Contracts	  	 	17	 
			
	 Section 3.10
	 	Intellectual Property	  	 	17	 
			
	 Section 3.11
	 	[Reserved]	  	 	17	 
			
	 Section 3.12
	 	Taxes	  	 	17	 
			
	 Section 3.13
	 	Environmental Matters	  	 	19	 
			
	 Section 3.14
	 	Permits; Compliance with Laws	  	 	20	 
			
	 Section 3.15
	 	Insurance	  	 	20	 
			
	 Section 3.16
	 	Labor Relations	  	 	20	 
			
	 Section 3.17
	 	Title to Properties and Related Matters	  	 	21	 
			
	 Section 3.18
	 	FCPA and Anti-Corruption	  	 	21	 
			
	 Section 3.19
	 	Sanctions and Export Control(s)	  	 	22	 
			
	 Section 3.20
	 	No Other Representations or Warranties	  	 	22	 

  
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 TABLE OF CONTENTS 

(continued) 
  

							
	 	 	 	  	Page	 
	 ARTICLE IV
	 	REPRESENTATIONS AND WARRANTIES RELATING TO BUYER	  	 	23	 
			
	 Section 4.1
	 	Organization of Buyer	  	 	23	 
			
	 Section 4.2
	 	Authorization; Enforceability	  	 	23	 
			
	 Section 4.3
	 	No Conflict	  	 	23	 
			
	 Section 4.4
	 	Litigation	  	 	24	 
			
	 Section 4.5
	 	Availability of Funds	  	 	24	 
			
	 Section 4.6
	 	Brokers’ Fees	  	 	24	 
			
	 Section 4.7
	 	Investment Representation	  	 	24	 
			
	 Section 4.8
	 	No Other Representations or Warranties	  	 	25	 
			
	 ARTICLE V
	 	COVENANTS	  	 	25	 
			
	 Section 5.1
	 	Conduct of Business	  	 	25	 
			
	 Section 5.2
	 	Access	  	 	26	 
			
	 Section 5.3
	 	Third-Party Approvals	  	 	27	 
			
	 Section 5.4
	 	Regulatory Filings	  	 	27	 
			
	 Section 5.5
	 	Indebtedness	  	 	27	 
			
	 Section 5.6
	 	Books and Records	  	 	27	 
			
	 Section 5.7
	 	Permits	  	 	28	 
			
	 Section 5.8
	 	Satisfaction of Merger Agreement Conditions	  	 	28	 
			
	 Section 5.9
	 	Termination of Intercompany Agreements	  	 	28	 
			
	 Section 5.10
	 	Intercompany Note	  	 	28	 
			
	 Section 5.11
	 	Use of Proceeds	  	 	28	 
			
	 Section 5.12
	 	Transaction Litigation; Notices	  	 	29	 
			
	 ARTICLE VI
	 	TAX MATTERS	  	 	29	 
			
	 Section 6.1
	 	Tax Returns	  	 	29	 
			
	 Section 6.2
	 	Transfer Taxes	  	 	30	 
			
	 Section 6.3
	 	Tax Proceedings; Cooperation of Tax Matters	  	 	30	 
			
	 ARTICLE VII
	 	CONDITIONS TO OBLIGATIONS	  	 	30	 
			
	 Section 7.1
	 	Conditions to Obligations of Buyer	  	 	30	 
			
	 Section 7.2
	 	Conditions to the Obligations of Seller	  	 	31	 

  
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 TABLE OF CONTENTS 

(continued) 
  

							
	 	 	 	  	Page	 
	 ARTICLE VIII
	 	 TERMINATION
	  	 	32	 
			
	 Section 8.1
	 	Termination	  	 	32	 
			
	 Section 8.2
	 	Effect of Termination	  	 	32	 
			
	 Section 8.3
	 	Survival	  	 	33	 
			
	 Section 8.4
	 	Limitation on Damages	  	 	33	 
			
	 Section 8.5
	 	Non-Recourse	  	 	34	 
			
	 ARTICLE IX
	 	MISCELLANEOUS	  	 	34	 
			
	 Section 9.1
	 	Notices	  	 	34	 
			
	 Section 9.2
	 	Assignment	  	 	35	 
			
	 Section 9.3
	 	Rights of Third-Parties	  	 	35	 
			
	 Section 9.4
	 	Expenses	  	 	35	 
			
	 Section 9.5
	 	Counterparts	  	 	35	 
			
	 Section 9.6
	 	Entire Agreement	  	 	35	 
			
	 Section 9.7
	 	Disclosure Schedules	  	 	35	 
			
	 Section 9.8
	 	Amendments and Modification; Waiver	  	 	36	 
			
	 Section 9.9
	 	Publicity	  	 	36	 
			
	 Section 9.10
	 	Severability	  	 	36	 
			
	 Section 9.11
	 	Governing Law; Jurisdiction	  	 	36	 
			
	 Section 9.12
	 	Waiver of Jury Trial	  	 	37	 
			
	 Section 9.13
	 	Further Assurances	  	 	38	 
			
	 Section 9.14
	 	Specific Performance	  	 	38	 

  
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 LIMITED LIABILITY COMPANY INTEREST 

PURCHASE AGREEMENT 
 THIS
LIMITED LIABILITY COMPANY INTEREST PURCHASE AGREEMENT (this “Agreement”), is entered into by and between Teekay Corporation, a Republic of Marshall Islands corporation (“Seller”), and Stonepeak Infrastructure Fund IV Cayman (AIV
III) LP, a Cayman Islands exempted limited partnership (“Buyer” and each of Seller and Buyer, a “Party”). 

RECITALS 
 WHEREAS,
Seller is the sole member and 100% owner of Teekay Holdings Limited (“Seller Holdco”), a Bermuda corporation, which in turn owns all of the limited liability company interest (the “Purchased Interest”) of Teekay GP L.L.C., a
Republic of Marshall Islands limited liability company (the “General Partner”), under the Second Amended and Restated Limited Liability Company Agreement of the General Partner dated as of April 29, 2005; and 

WHEREAS, the General Partner is the sole general partner of Teekay LNG Partners, L.P. (the “Partnership”) under the Fifth Amended
and Restated Agreement of Limited Partnership dated May 11, 2020 of the Partnership (the “Partnership Agreement”) and owner of all of the general partner interests in the Partnership (the “General Partnership Interest”); and

 WHEREAS, pursuant to the Agreement and Plan of Merger dated as of the date hereof (the “Merger Agreement”) by and among
Stonepeak Infrastructure Fund IV Cayman (AIV III) LP, a Cayman Islands exempted limited partnership (“Parent”), Limestone Merger Sub, Inc. a Marshall Islands corporation (“Merger Sub”), the Partnership, and General Partner, at
the Effective Time, Merger Sub will be merged with and into the Partnership (the “Merger”), after which Parent will be the sole limited partner (other than holders of preferred units) of the Partnership; and 

WHEREAS, pursuant to the Merger, Seller desires to (and to cause Seller Holdco to) sell, assign, transfer and convey to Buyer, and Buyer
desires to purchase from Seller through Seller Holdco of the Purchased Interest, subject to and upon the terms and conditions set forth in this Agreement. 

NOW, THEREFORE, in consideration of the premises and mutual covenants contained herein and other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the Parties agree as follows: 
 ARTICLE I 

DEFINITIONS AND RULES OF CONSTRUCTION 

Section 1.1 Definitions. Certain defined terms used herein that are not defined herein shall have the
meanings ascribed to them in the Merger Agreement. 
 As used herein, the following terms shall have the following meanings: 

“Acquisition Financing” has the meaning provided such term in Section 4.5. 

 “Adverse Law or Order” means (i) any statute, rule, regulation
or other Law (other than any Antitrust Law) shall have been enacted or promulgated by any Governmental Authority of competent jurisdiction which prohibits or makes illegal the consummation of the Transactions, or (ii) there shall be in effect
any order or injunction of any Governmental Authority of competent jurisdiction preventing the consummation of the Transactions. 

“Affiliate” means, with respect to any Person, any other Person that, directly or indirectly, controls, is controlled
by or is under common control with, such specified Person through one or more intermediaries or otherwise. For the purposes of this definition, “control” means, where used with respect to any Person, the possession, directly or indirectly,
of the power to direct or cause the direction of the management and policies of such Person, whether through the ownership of voting securities, by contract or otherwise, and the terms “controlling” and “controlled” have
correlative meanings. For the avoidance of doubt and notwithstanding anything to the contrary in this Agreement, nothing in Section 5.3, Section 5.4 or Section 9.3 shall
bind or obligate, or confer any right or remedy to, any portfolio company or investment fund (as those terms are customarily understood among institutional private equity investors) of Stonepeak Partners LP or any of its affiliated managers or
advisers, or any of their direct or indirect equityholders, other than Buyer or its controlled Subsidiaries. For the avoidance of doubt, prior to the Closing, the General Partner, the Partnership and its Subsidiaries shall be considered Affiliates
of Seller, and from and after Closing the General Partner, the Partnership and its Subsidiaries shall be considered Affiliates of Buyer. 

“Agreement” has the meaning provided such term in the preamble to this Agreement. 

“Antitrust Laws” means any antitrust, competition or trade regulation Laws that are designed or intended to prohibit,
restrict or regulate actions having the purpose or effect of monopolization or restraint of trade or lessening competition through merger or acquisition. 

“Business Day” means any day other than (i) a Saturday or a Sunday or (ii) a day on which banking and
savings and loan institutions are authorized or required by Law to be closed in the State of New York or Province of British Columbia or is a federal holiday in the United States or Canada; provided that any day that the Registrar or Deputy
Registrar of Corporation of the Republic of the Marshall Islands is not accepting filings shall not be a “business day” for purposes of Section 2.3. 

“Buyer” has the meaning provided such term in the preamble to this Agreement. 

“Buyer Approvals” has the meaning provided such term in Section 4.3. 

“Buyer Related Party” has the meaning provided such term in Section 8.2(b). 

“Closing” has the meaning provided such term in Section 2.3(a). 

“Closing Date” has the meaning provided such term in Section 2.3(a). 

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

  
 -2- 

 “Contract” means any written or oral agreement, contract,
subcontract, settlement agreement, lease, sublease, binding understanding, note, option, bond, mortgage, indenture, trust document, loan or credit agreement, license, sublicense, insurance policy, arrangement or other legally binding commitment or
undertaking of any nature, as in effect as of the date hereof or as may hereinafter be in effect, and any amendments or supplements thereto. 

“COVID-19” means SARS-CoV-2 or COVID-19, and any evolutions or mutations thereof or any epidemics, pandemic or disease outbreak resulting therefrom. 

“COVID-19 Measures” means any quarantine, shelter in place, stay at home,
workforce reduction, social distancing, shut down, closure, sequester, safety or similar Law, directive, guidelines or recommendations promulgated by any Governmental Authority in connection with or in response to
COVID-19, including the Coronavirus Aid, Relief and Economic Security Act. 
 “Disclosure
Schedules” means the schedules attached hereto and made a part hereof. 
 “Dollars” and
“$” mean the lawful currency of the United States. 
 “Equity Commitment Letter” has the
meaning set forth in Section 4.5 of this Agreement. 
 “Effect” means any change, effect,
development, circumstance, condition, state of facts, event or occurrence. 
 “Environmental Law” means any Law
relating to pollution or protection, investigation or restoration of the environment or natural resources (including air, surface water, groundwater, land surface or subsurface land), wildlife (including life at sea), climate change or, as such
matters relate to injury or threat of injury to persons or property relating to the use, handling, presence, transportation, treatment, storage, disposal, recycling, Release, threatened Release or discharge of, or exposure to, Hazardous Substances,
bilge water or ballast water. 
 “ERISA” means the Employee Retirement Income Security Act of 1974, as amended. 

“Exchanged Units” has the meaning set forth in Section 5.10 of this Agreement. 

“Export Control Laws” means the EC Regulation 428/2009 and the implementing laws and regulations of the EU member
states; the U.S. Export Administration Act, U.S. Export Administration Regulations, U.S. Arms Export Control Act, U.S. International Traffic in Arms Regulations, and their respective implementing rules and regulations; the U.K. Export Control Act
2002 (as amended and extended by the Export Control Order 2008) and its implementing rules and regulations; and other similar export control laws or restrictions applicable to Seller, Seller Holdco, the General Partner or any member of the
Partnership Group operate and their respective operations from time to time. 
 “FCPA” means the United States
Foreign Corrupt Practices Act of 1977, as amended. 
 “Fundamental Representations and Warranties” means the
representations and warranties contained in Sections 3.1, 3.2, 3.3, 3.4(b), 3.6, and 3.7(a). 

  
 -3- 

 “GAAP” means generally accepted accounting principles in the United
States, consistently applied. 
 “General Partner” has the meaning provided to such term in the recitals to this
Agreement. 
 “General Partnership Interest” has the meaning provided such term in the recitals to this Agreement.

 “Governmental Authority” means (a) any transnational, national, federal, state, county, municipal, local or
foreign government (including the Republic of the Marshall Islands) or any entity exercising executive, legislative, judicial, regulatory, taxing or administrative functions of, or pertaining to, government, including any arbitral body, (b) any
public international governmental organization, or (c) any agency, division, bureau, department, or other political subdivision of any government, entity or organization described in the foregoing clauses (a) or (b) of this definition.

 “Government Official” means (a) any official, officer, employee, or representative of, or any Person acting
in an official capacity for or on behalf of, any Governmental Authority, (b) any candidate for political office, or (c) any political party or party official. 

“Hazardous Substance(s)” means any substance defined, listed, classified or regulated as “hazardous”,
“toxic”, a “waste”, a “pollutant” or a “contaminant” (or words of similar import) under any Environmental Law, including petroleum, petroleum products or byproducts (including crude oil and any fractions
thereof), explosive material, radioactive material, lead paint, polychlorinated biphenyls (or PCBs), dioxins, dibenzofurans, heavy metals, mold, mold spores, mycotoxins, methane, asbestos and asbestos-containing materials, poly- and perfluoroalkyl
substances, 1, 4-dioxane, and radon gas. 
 “Indebtedness” means with
respect to any Person, at any date, without duplication, (a) all obligations of such Person for borrowed money, including all principal, interest, premiums, fees, expenses, overdrafts and penalties with respect thereto, (b) all obligations
of such Person evidenced by bonds, debentures, notes or other similar instruments, (c) all obligations of such Person to pay the deferred purchase price of property, except trade payables incurred in the ordinary course of business,
(d) all obligations of such Person to reimburse any bank or other Person in respect of amounts paid under a letter of credit or similar instrument, (e) all capitalized lease obligations, (f) all other obligations of a Person which
would be required to be shown as indebtedness on a balance sheet of such Person prepared in accordance with GAAP, and (g) all indebtedness of any other Person of the type referred to in clauses (a) to (f) above directly or indirectly
guaranteed by such Person or secured by any assets of such Person, whether or not such indebtedness has been assumed by such Person. 

“Intended Tax Treatment” has the meaning provided such term in Section 6.5. 

“Intercompany Note” has the meaning provided in Section 3.7(a). 

“Intercompany Payables and Receivables” has the meaning provided in Section 5.9. 

  
 -4- 

 “Intellectual Property” means all intellectual property and similar
proprietary rights protected, created or arising under the Laws of any jurisdiction or any international convention, whether registered or unregistered, including with respect to: (a) patents, (b) trademarks (c) copyrights and works of
authorship in any medium, including such rights in software, (d) trade secrets and rights in all other confidential information, including know-how, inventions (whether or not patentable), algorithms,
logic, operating conditions and procedures, proprietary formulae, concepts, methods, techniques, compositions, processes, apparatuses, schematics, drawings, models and methodologies, specifications, research and development information, technology,
business plans, technical, engineering and manufacturing information, (e) software, (f) rights in databases and data collections and (g) all registrations of, applications for registration of, and renewals and extensions of any of the
foregoing, as applicable. 
 “Knowledge” or “knowledge” with respect (a) to Seller
means the actual knowledge after reasonable due inquiry of those Persons listed in Schedule 1.1(i), and (b) to Buyer means the actual knowledge after reasonable due inquiry of those Persons listed in Schedule 1.1(ii). 

“Law” means any law (including common law), constitution, statute, code, rule, regulation, order, ordinance, judgment
or decree or other pronouncement of any Governmental Authority having the effect of law, including any Maritime Guidelines. 

“Lien” means any lien, pledge, hypothecation, mortgage, deed of trust, security interest, encumbrance, claim, license,
option, right of first refusal, preemptive right, community property interest or restriction of any nature (including any restriction on the voting of any security, any restriction on the transfer of any security or other asset, or any restriction
on the possession, exercise or transfer of any other attribute of ownership of any asset). 
 “Maritime Guidelines”
shall mean any United States, international or non-United States (including the Republic of the Marshall Islands and Bermuda) Law, code of practice, convention, protocol, guideline or similar requirement or
restriction concerning or relating to a Partnership Vessel (as defined in the Merger Agreement) and to which a Partnership Vessel (as defined in the Merger Agreement) is subject and required to comply with, imposed, published or promulgated by any
Governmental Authority, the International Maritime Organization, such Partnership Vessel’s (as defined in the Merger Agreement) classification society or the insurer(s) of such Partnership Vessel (as defined in the Merger Agreement). 

“Material Adverse Effect” means, with respect to any Person, any Effect that, individually or in the aggregate,
(i) has or would reasonably be expected to have a material adverse effect on the assets, liabilities, business, results of operations or financial condition of such Person and its Affiliates, taken as a whole, (ii) a “Partnership
Material Adverse Effect” (as defined in the Merger Agreement) or (iii) would, or would reasonably be expected to, prevent, materially impair or materially delay such Person or its Affiliates from complying with its respective obligations
hereunder or the consummation of the Transactions; provided, however, that, solely in the case of clause (i), no Effects to the extent resulting or arising from the following, either alone or in combination, shall be deemed to constitute a
Material Adverse Effect or shall be taken into account when determining whether a Material Adverse Effect exists or has occurred or is reasonably likely to exist or occur: (a) any changes following the date of this Agreement in general global
economic conditions, (b) general conditions (or changes following the date of this Agreement therein) in any 

  
 -5- 

 
industry or industries in which such Person or its Affiliates operates (including changes following the date of this Agreement in commodity prices or general market prices affecting the shipping
industry generally), (c) general legal, tax, economic, political and/or regulatory conditions (or changes following the date of this Agreement therein), including any changes following the date of this Agreement affecting financial, credit or
capital market conditions, (d) any change or prospective changes occurring after the date hereof in GAAP or interpretation thereof, (e) any adoption, implementation, promulgation, repeal, modification, amendment, reinterpretation, change
or proposal of any applicable Law of and by any Governmental Authority occurring after the date hereof (including with respect to Taxes), (f) changes occurring after the date hereof in the price of Common Units, in and of itself (it being understood
that the Effects giving rise or contributing to such changes that are not otherwise excluded from the definition of a “Material Adverse Effect” may be taken into account), (g) any failure by such Person or its Affiliates to meet any
internal or published projections, estimates or expectations of Partnership’s revenue, earnings or other financial performance or results of operations for any period, in and of itself, or any failure by such Person or its Affiliates to meet
its internal budgets, plans or forecasts of its revenues, earnings or other financial performance or results of operations, in and of itself (it being understood that the Effects giving rise or contributing to such failure that are not otherwise
excluded from the definition of a “Material Adverse Effect” may be taken into account), (h) Effects arising out of changes occurring after the date hereof in geopolitical conditions, acts of terrorism, war (whether or not declared),
the commencement, continuation or escalation of a war, acts of armed hostility, weather conditions, acts of God, epidemics, pandemics (including COVID-19) or other similar force majeure events, including any
material worsening of such conditions threatened or existing as of the date of this Agreement (except for any damage or destruction of any of property or assets of the General Partner or a member of the Partnership Group or any Partnership joint
venture resulting therefrom), (i) the negotiation, public announcement or pendency of the Transactions, including the impact of any of the foregoing on the relationships, contractual or otherwise, of such Person or its Affiliates with customers,
suppliers, service providers, employees, Governmental Authorities, unitholders or any other Persons having a relationship with such Person or its Affiliates and including any resulting litigation (provided that no effect shall be given to this
clause (i) for purposes of any representation or warranty or the related condition to Closing that addresses the effect of the execution of this Agreement or the consummation of the Transactions), or (j) any
COVID-19 Measure, except, in the case of clauses (a)  — (e), (h) or (j), to the extent such Person or its Affiliates, taken as a whole, are disproportionately impacted thereby relative to other
entities operating in the same industry or industries in which such Person or its Affiliates operate (in which case the incremental disproportionate impact or impacts may be taken into account in determining whether there has been a Material Adverse
Effect). 
 “Material Contracts” has the meaning provided such term in Section 3.9(a).

 “Merger” has the meaning provided such term in the recitals to this Agreement. 

“Merger Agreement” has the meaning provided such term in the recitals to this Agreement. 

“Merger Sub” has the meaning provided such term in the recitals to this Agreement. 

“Non-Recourse Party” has the meaning provided such term in
Section 8.5. 

  
 -6- 

 “Organizational Documents” means any charter, certificate of
incorporation, articles of association, bylaws, partnership agreement, operating agreement or similar formation or governing documents and instruments. 

“Parent” has the meaning provided such term in the recitals to this Agreement. 

“Parties” means Seller and Buyer. 

“Partnership” has the meaning provided to such term in the recitals to this Agreement. 

“Partnership Agreement” has the meaning provided such term in the recitals to this Agreement. 

“Partnership Group” means the General Partner, the Partnership and their respective Subsidiaries. 

“Permits” means authorizations, licenses, permits or certificates issued by Governmental Authorities, including those
issued under any Environmental Law; provided, right-of-way agreements and similar rights and approvals are not included in the definition of Permits. 

“Permitted Liens” means (a) Liens for Taxes or governmental assessments, charges or claims of payment not yet
delinquent or being contested in good faith by appropriate proceedings, in each case only if adequate accruals or reserves have been established in accordance with GAAP, (b) statutory Liens (including materialmen’s, warehousemen’s,
mechanic’s, repairmen’s, landlord’s, and other similar Liens) arising in the ordinary course of business securing payments not yet delinquent or being contested in good faith by appropriate proceedings in each case only if adequate
accruals or reserves have been established in accordance with GAAP, (c) the rights of lessors and lessees under leases, and the rights of third parties under any agreement, in each case executed in the ordinary course of business, that are not,
individually or in the aggregate, material to the business of the relevant Party and its Subsidiaries, taken as a whole, (d) non-exclusive licenses of Intellectual Property (1) to customers or
(2) to service providers for use for the benefit of Partnership and any Partnership Subsidiary, in each case, in the ordinary course of business, (e) restrictive covenants, easements and defects, imperfections or irregularities of title or
Liens, if any, of a nature that do not materially and adversely affect the assets or properties subject thereto, and which do not materially impair the occupancy or use of such property for the purposes for which it is currently used; provided that
the current use of property does not materially violate such covenants, conditions, restrictions, easements, and other similar matters of record (f) preferential purchase rights and other similar arrangements with respect to which consents or
waivers are obtained for the Transactions prior to the Closing, (g) restrictions on transfer with respect to which consents or waivers are obtained for the Transactions prior to the Closing, and (h) Liens created by Buyer or its successors
and assigns. 
 “Person” means any individual, firm, corporation, partnership, limited liability company, business
trust, trust, incorporated or unincorporated association, joint venture, joint stock company, Governmental Authority or other entity of any kind. 

“Personal Property” has the meaning provided in Section 3.17(b). 

  
 -7- 

 “Purchase Price” has the meaning provided such term in
Section 2.2. 
 “Purchased Interest” has the meaning provided such term in the recitals of
this Agreement. 
 “Reasonable Best Efforts” means efforts in accordance with reasonable commercial practice and
without the incurrence of unreasonable expense. 
 “Release” means any spilling, leaking, pumping, pouring,
emitting, emptying, discharging, injecting, escaping, leaching, dumping, placing, discarding, abandonment or disposing into the indoor or outdoor environment. 

“Representatives” means, as to any Person, its Affiliates and its and their respective directors, officers, employees,
consultants, financial advisors, accountants, legal counsel, investment bankers and other agents, advisors and representatives. 

“Sanctioned Country” means a country, region, or territory which is itself the subject or target of any comprehensive
sanctions that broadly prohibit dealings with that country, region, or territory (at the time of this Agreement, the Crimea region of Ukraine, Cuba, Iran, North Korea and Syria). 

“Sanctioned Person” means any Person with whom dealings are prohibited under any applicable Sanctions Laws, including
as a result of being (a) any Person identified on any list of designated Persons maintained by the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”), the U.S. Department of State, or by the United
Nations Security Council, Her Majesty’s Treasury of the United Kingdom, the European Union, or any European Union member state; (b) any Person ordinarily located, organized, resident in, or a Governmental Authority or government
instrumentality of, any Sanctioned Country or (c) 50% or more owned or controlled by, or acting on behalf of any Person described in (a) or (b). 

“Sanctions Laws” means all Laws administered or enforced by the United States government, including those administered
or enforced from time to time by the Department of the Treasury’s Office of Foreign Assets Control (“OFAC”), the United States Department of State, the United Nations Security Council, the European Union, Her Majesty’s Treasury
of the United Kingdom, or other Governmental Authority will regulatory authority over Seller, the General Partner or the Partnership Group and their respective operations from time to time, concerning economic or financial sanctions, including trade
embargoes and export restrictions, the freezing or blocking of assets of targeted Persons, and the ability to engage in transactions with specified persons or countries including any Laws threatening to impose economic sanctions on any person for
engaging in proscribed behavior. 
 “Seller” has the meaning provided such term in the preamble to this Agreement.

 “Seller Approvals” has the meaning provided such term in Section 3.4. 

“Seller Holdco” has the meaning provided such term in the recitals of this Agreement. 

“Subsidiary” or “Subsidiaries” means with respect to any Person, any other Person of which
(a) at least fifty percent (50%) of the outstanding shares of capital stock of, or other equity 

  
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interests, having by their terms ordinary voting power to elect a majority of the board of directors or others performing similar functions with respect to such corporation or other organization
is directly or indirectly owned or controlled by such Person or by any one or more of its Subsidiaries, or by such Person and one or more of its Subsidiaries, or (b) with respect to a partnership, such Person or any other Subsidiary of such
Person is a general partner of, or owns or controls, directly or indirectly, a majority of the general partnership interest of, such partnership. 

“Tax Returns” mean any report, return, certificate, claim for refund, election, estimated tax filing or declaration
required to be filed with any Governmental Authority or U.S. or non-U.S. taxing authority with respect to Taxes, including any schedule or attachment thereto, and including any amendments thereof. 

“Taxes” or “Tax” means any and all taxes, levies, duties, tariffs, imposts and other similar
charges and fees imposed by any Governmental Authority or U.S. or non-U.S. taxing authority, including, income, franchise, windfall or other profits, gross receipts, premiums, property, sales, use, net worth,
capital stock, payroll, employment, social security, workers’ compensation, unemployment compensation, excise, withholding, ad valorem, stamp, transfer, tonnage, freight, escheat and unclaimed property, value-added, gains tax and license,
registration and documentation fees, severance, occupation, environmental, customs duties, disability, real property, personal property, registration, alternative or add-on minimum or estimated tax, including
any interest, penalty, additions to tax or additional amounts imposed with respect thereto, whether disputed or not. 
 “Tax
Proceeding” means any proceeding, judicial or administrative, involving Taxes or any audit, examination, deficiency asserted or assessment made by the IRS or any other taxing authority. 

“Transaction Agreements” means this Agreement, the Merger Agreement and the Services Companies Restructuring and
Purchase Agreement (as defined in the Merger Agreement). 
 “Transactions” means the transactions contemplated by
this Agreement, the Services Companies Restructuring and Purchase Agreement (as defined in the Merger Agreement) and the Merger Agreement. 

“Willful Breach” means a willful act or failure to act that is in material breach of this Agreement that is the
consequence of an act or omission by a Party with the actual knowledge (or with the knowledge that a Person acting reasonably under the circumstances should have) that the taking of such act or failure to take such action would, or would reasonably
be expected to, be a material breach of this Agreement. “Willfully Breached” has a correlative meaning. 
 Section 1.2
Rules of Construction. 
 (a) All article, section, schedule and exhibit references used in this Agreement are to
articles, sections, schedules and exhibits to this Agreement unless otherwise specified. The schedules and exhibits attached to this Agreement constitute a part of this Agreement and are incorporated herein for all purposes. 

  
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 (b) If a term is defined as one part of speech (such as a noun), it shall have a
corresponding meaning when used as another part of speech (such as a verb). Terms defined in the singular have the corresponding meanings in the plural, and vice versa. Unless the context of this Agreement clearly requires otherwise, words importing
the masculine gender shall include the feminine and neutral genders and vice versa. The term “includes” or “including” shall mean “including without limitation.” The words “hereof,” “hereto,”
“hereby,” “herein,” “hereunder” and words of similar import, when used in this Agreement, shall refer to this Agreement as a whole and not to any particular section or article in which such words appear. 

(c) The Parties acknowledge that each Party and its attorney has reviewed this Agreement and that any rule of construction to the effect that
any ambiguities are to be resolved against the drafting Party, or any similar rule operating against the drafter of an agreement, shall not be applicable to the construction or interpretation of this Agreement. 

(d) The captions in this Agreement are for convenience only and shall not be considered a part of or affect the construction or interpretation
of any provision of this Agreement. 
 (e) All references to currency herein shall be to, and all payments required hereunder shall be paid
in, Dollars. 
 (f) All accounting terms used herein and not expressly defined herein shall have the meanings given to them under GAAP. 

(g) When reference is made herein to a Person, such reference shall be deemed to include all direct and indirect Subsidiaries of such Person
unless otherwise indicated or the context otherwise requires. All references herein to the Subsidiaries of a Person shall be deemed to include all direct and indirect Subsidiaries of such Person unless otherwise indicated or the context otherwise
requires. 
 (h) The definitions contained in this Agreement are applicable to the singular as well as the plural forms of such terms and to
the masculine as well as to the feminine and neuter genders of such terms. 
 (i) References in this Agreement to specific laws or to
specific provisions of Laws shall include all rules and regulations promulgated thereunder, and any statute defined or referred to herein or in any agreement or instrument referred to herein shall mean such statute as from time to time amended,
modified or supplemented, including by succession of comparable successor statutes. 
 (j) The phrase “ordinary course of business”
as used in this Agreement shall be deemed to mean “the ordinary course of business consistent with past practice”. 
 (k) The term
“or” is not exclusive. The word “will” shall be construed to have the same meaning and effect as the word “shall.” 

(l) References to days mean calendar days unless otherwise specified. 

  
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 (m) The term “furnished” or “made available” to another Party means
that, no later than 5:00 p.m. New York City time on the day prior to the date hereof, such information, document or material was made available for review by such other Party or its Representatives in the data room maintained for the Transactions or
otherwise provided to such other Party or its Representatives. 
 (n) The word “extent” in the phrase “to the extent”
shall mean the degree to which a subject or other thing extends, and such phrase shall not mean simply “if”. 
 (o) When
calculating the period of time before which, within which or following which any act is to be done or step taken pursuant to this Agreement, the date that is the reference date in calculating such period shall be excluded and if the last day of such
period is a non-business day, the period in question shall end on the next succeeding Business Day. 

ARTICLE II 
 PURCHASE AND
SALE; CLOSING 
 Section 2.1 Purchase and Sale of Purchased Interest. At the Closing, upon the
terms and subject to the conditions set forth in this Agreement, Seller shall (and shall cause Seller Holdco to) sell, assign, transfer and convey to Buyer, and Buyer shall purchase and acquire from Seller and Seller Holdco, the Purchased Interest,
free and clear of any Liens other than transfer restrictions imposed thereon by applicable securities Laws. 

Section 2.2 Purchase Price. The total purchase price consideration payable by Buyer to Seller for the
Purchased Interest (the “Purchase Price”) shall be $26,436,037 payable by a wire transfer payment at the Closing to an account designated by Seller at least three (3) Business Days prior to the Closing. 

Section 2.3 The Closing. 

(a) The closing of the transactions contemplated by this Agreement (the “Closing”) will take place by conference call and by exchange
of signature pages by email or other electronic transmission (i) on the date of the “Closing” (as defined in and pursuant to the terms and conditions of the Merger Agreement) of the Merger provided that the conditions set forth in
Article VII (other than any such conditions that by their nature are to be satisfied at the Closing) shall have been satisfied or, to the extent permitted by Law, waived at least three (3) Business Days prior to the Closing, and subject to the
satisfaction or, to the extent permitted by Law, waiver of all of the conditions set forth in Article VII at the Closing, or (ii) at such other date as may be agreed to in writing by Seller and Buyer. The date on which the Closing actually
takes place is referred to as the “Closing Date.” 
 (b) At the Closing, Seller will deliver the following documents and
deliverables to Buyer: 
 (i) an assignment or assignments effecting the transfer to Buyer of ownership of all of the Purchased Interest
together with certificates, if any, representing the Purchased Interest, each in form and substance reasonably acceptable to Buyer; 

  
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 (ii) resolutions of the Board of Directors of Seller approving the transactions
contemplated hereby; 
 (iii) certificates of good standing and existence as of a recent date with respect to the General Partner; 

(iv) resignations of directors and officers of the General Partner as specified by the Buyer in writing at least two (2) Business Days
before the Closing Date; 
 (v) revocations of any powers of attorney granted by the General Partner; 

(vi) certificates required by Article VII; and 

(vii) such other certificates, instruments of conveyance, and documents as may be reasonably requested by Buyer and agreed to by Seller prior
to the Closing Date to carry out the intent and purposes of this Agreement; and 
 (c) At the Closing, Buyer will deliver the following
documents and deliverables to Seller: 
 (i) resolutions of the applicable managers, directors and equity holders of Buyer as required for
approval of the transactions contemplated hereby; 
 (ii) certificates required by Article VII; and 

(iii) such other certificates, instruments, and documents as may be reasonably requested by Seller and agreed to by Buyer prior to the Closing
Date to carry out the intent and purposes of this Agreement. 
 (d) Withholding. Buyer shall be entitled to deduct and withhold from
the consideration otherwise payable pursuant to this Agreement to Seller such amounts that Buyer determines are required to be deducted and withheld under the Code or any provision of state, local or foreign Tax Law, with respect to the making of
such payment. To the extent that amounts are so deducted and withheld such amounts will be treated for all purposes of this Agreement as having been paid or issued to Seller. 

ARTICLE III 

REPRESENTATIONS AND WARRANTIES OF THE SELLER 

Except as disclosed in the Disclosure Schedules (it being agreed that disclosure of any item in any section of the Disclosure Schedules shall
be deemed disclosure with respect to any other section of this Article III to which the relevance of such item is reasonably apparent on its face), Seller hereby represents and warrants to Buyer as follows: 

Section 3.1 Organization of Seller; Authorization; Enforceability. Seller is a Marshall
Islands corporation, duly organized, validly existing and in good standing under the Laws of the Republic of the Marshall Islands. Seller Holdco is a Bermuda corporation, duly organized, validly 

  
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existing and in good standing under the Laws of Bermuda. Seller has all requisite corporate power and authority to execute and deliver this Agreement and to perform all obligations to be
performed by it hereunder. Both Seller and Seller Holdco have all requisite corporate or similar power and authority to own, lease and operate its properties and assets and to carry on its business as presently conducted and is qualified to do
business and is in good standing as a foreign corporation or other entity in each jurisdiction where the ownership, leasing or operation of its assets or properties, or conduct of its business, requires such qualification, except where the failure
to be so organized and validly existing, qualified or, where relevant, in good standing, or to have such power or authority, has not had, and would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect. The
execution and delivery of this Agreement, the performance of all of its obligations hereunder and the consummation of the transactions contemplated hereby have been duly and validly authorized and approved by all requisite corporate action on the
part of Seller and no other corporate or similar proceeding on the part of Seller is necessary to authorize this Agreement or the consummation of the transactions contemplated hereby. This Agreement has been duly and validly executed and delivered
by Seller and constitutes a valid and binding obligation of Seller enforceable against Seller in accordance with its terms, subject to applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and similar Laws affecting
creditors’ rights generally and subject, as to enforceability, to general principles of equity. 
 Section 3.2
Organization of General Partner. The General Partner is a limited liability company duly organized, validly existing and in good standing under the Laws of the Republic of the Marshall Islands and has all requisite limited
liability company or corporate power and authority to own, operate and lease its properties and assets and to carry on its business as now conducted. Seller has made available a true, correct and complete copy of the Organizational Documents of the
General Partner. All such Organizational Documents are in full force and effect and the General Partner is and has been at all relevant times in compliance with its Organizational Documents. 

Section 3.3 Ownership of Purchased Interest and General Partner Interest 

(a) Seller is the sole owner of Seller Holdco, which is the sole owner of the Purchased Interest and Seller Holdco has good and valid title to,
holds of record and owns beneficially all of the Purchased Interest which constitutes all of the limited liability company interests of the General Partner, free and clear of any Liens other than transfer restrictions imposed thereon by applicable
securities Laws. The Purchased Interest represent the only issued and outstanding equity interests or securities of the General Partner. 

(b) There are no outstanding options, warrants, rights or other securities convertible into or exchangeable or exercisable for equity
securities, any other commitments or agreements providing for the issuance of additional equity interests or the repurchase or redemption of equity interests of the General Partner, and there are no agreements of any kind which may obligate Seller,
Seller Holdco or General Partner to issue, purchase, redeem or otherwise acquire any equity interests of the General Partner. Except as reflected on Schedule 3.3, there are no voting trusts or other agreements or understandings to which the
Seller, Seller Holdco or the General Partner is a party with respect to the voting or registration of Purchased Interests or other equity interest of the General Partner. 

  
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 (c) The Purchased Interest is duly authorized, validly issued and outstanding and fully
paid, and was issued free of preemptive rights and in compliance with applicable Laws, the Organizational Documents of the General Partner and any Contract to which the General Partner is a party. Upon consummation of the transactions contemplated
hereby, Buyer will be the sole owner of the all of the limited liability company interests of the General Partner and will acquire good and valid title to all of the Purchased Interest, free and clear of any Liens other than transfer restrictions
imposed thereon by applicable securities Laws or Liens created by Buyer. 
 (d) The General Partner is the sole owner of the General Partner
Interest and has good and valid title to, holds of record and owns beneficially all of the general partner interests of the Partnership, representing a 1.75% partnership ownership interest in the Partnership. The General Partner owns 1,555,061
Notional General Partner Units (as defined in the Partnership Agreement), which constitutes all of the general partner interests of the Partnership, free and clear of any Liens other than transfer restrictions imposed thereon by applicable
securities Laws. 
 (e) The General Partner Interest is duly authorized, validly issued and outstanding and fully paid, and was issued free
of preemptive rights in compliance with applicable Laws. Upon consummation of the transactions contemplated hereby, the General Partner will be the sole general partner of the Partnership free and clear of any Liens other than transfer restrictions
imposed thereon by applicable securities Laws or Liens created by Buyer. 
 Section 3.4 No Conflict.
The execution and delivery of this Agreement by Seller and the consummation of the Transactions by Seller and its Affiliates (assuming all required filings, consents, approvals, authorizations and notices set forth in Schedule 3.4
(collectively, the “Seller Approvals”) have been made, given or obtained) do not and shall not: 
 (a) conflict with or violate any
Law applicable to Seller, Seller Holdco, General Partner, the Partnership, any of the Partnership’s Subsidiaries or “Partnership JVs” (as defined in the Merger Agreement), or any of their respective properties or assets, or require
any filing with, consent, approval or authorization of, or notice to, any Governmental Authority; 
 (b) conflict with or result in any
violation of any provision of any Organizational Document of Seller, Seller Holdco, the General Partner or the Partnership; 
 (c) (i)
result in any violation or breach of, or default or change of control (with or without notice or lapse of time, or both) under, or give rise to a right of, or result in, termination, modification, cancellation or acceleration of any material
obligation or to the loss of a material benefit under any Material Contract or any “Partnership Material Contract” (as defined in the Merger Agreement), or any Indebtedness of the Partnership, or any lease, permit, concession, franchise or
right binding upon the Partnership or any of the Partnership’s Subsidiaries or “Partnership JVs” (as defined in the Merger Agreement), (ii) result in the creation of any Lien upon the Purchased Interest or the General Partner Interest
or any other assets, rights or properties of the General Partner or the Partnership, any of the Partnership’s Subsidiaries or the “Partnership JVs” (as defined in the Merger Agreement), (iii) constitute an event which, after notice or
lapse of time or both, would result in any such breach or termination, modification, cancellation or acceleration or creation of a Lien upon the Purchased Interest, the General Partner Interest or any other assets, rights or properties of the
General Partner, other than in the case of clauses (a), and 

  
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(c), any such violation, breach, conflict, default, termination, modification, cancellation, acceleration, right, loss or Lien that (x) has not had and would not reasonably be expected to
have, individually or in the aggregate, a Material Adverse Effect or a Partnership Adverse Impact or (y) would not be, or would not reasonably be expected to be, material to the General Partner. 

Section 3.5 Litigation. (a) There is no investigation or review pending (or, to the knowledge of
Seller, threatened) by any Governmental Authority with respect to Seller, Seller Holdco or the General Partner, or any of their respective properties, rights or assets, or, to the knowledge of Seller, any of their current or former directors or
executive officers, and (b) there are no claims, actions, suits or other proceedings pending (or, to the knowledge of Seller, threatened) against Seller, Seller Holdco or the General Partner, or any of their respective properties, rights or
assets or, to the knowledge of Seller, any of their current or former directors or executive officers which, in the case of clause (a) or (b), would reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect, or
as of the date hereof challenging the validity or propriety of the Transactions. None of Seller, Seller Holdco or the General Partner, or, to the knowledge of Seller, any of their respective current or former directors or executive officers is
subject to any judgment, order, injunction, ruling or decree of a Governmental Authority which would reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect. As of the date hereof, there are no claims, actions,
suits or other proceedings pending (or, to the knowledge of Seller, threatened) that challenge or seek to prevent, enjoin, alter or materially delay, or recover any damages or obtain any other remedy in connection with, this Agreement or the
Transactions. 
 Section 3.6 Brokers’ Fees. Except as reflected on Schedule 3.6, no
broker, finder, investment banker or other Person is entitled to any brokerage fee, finders’ fee or other commission in connection with the Transactions based upon arrangements made by Seller or any of its Affiliates. 

Section 3.7 Operations; Intercompany Accounts; Affiliate Arrangements; Financial Statements. 

(a) The General Partner has no, and since its formation has had no, operations other than its ownership of equity interests in, and serving as
the general partner of, the Partnership. The General Partner does not own any assets, property or equity interests, other than its 1.75% general partnership interests in the Partnership and the note receivable evidenced by the Subordinated
Promissory Note, dated September 29, 2020, by Teekay Finance Limited in favor of the General Partner (“the Intercompany Note”), which will be cancelled prior to the Closing in exchange for 10,750,000 common units of the Partnership.
The General Partner has no Subsidiaries. The General Partner has no, and has never had any, employees. The General Partner has no Indebtedness and no liabilities of any nature (whether accrued, absolute, contingent or otherwise) except its
obligations under the Partnership Agreement, and other immaterial liabilities typically incurred by general partners that do not have, and have never had, any operations other than ownership of equity interests in, and serving as the general partner
of, a limited partnership. 

  
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 (b) Schedule 3.7(b) sets forth a true and complete list of all intercompany balances (or
similar accounts) between the Seller and any of its Affiliates, on the one hand, and the General Partner, on the other hand. 
 (c) Except as
set forth on Schedule 3.7(c), no officer, director or Affiliate of Seller, Seller Holdco or the General Partner (other than the Partnership and its Subsidiaries), and to Seller’s knowledge, no individual in such officer’s or
director’s immediate family, is a party to any agreements, arrangements, commitments or Contracts with the General Partner or has any interest in any contract, commitment, property, right, asset or interest used by the General Partner. 

(d) Attached hereto as Schedule 3.7(d) are true and complete copies of the following financial statements (such
financial statements, the “Financial Statements”): 
 (i) the unaudited balance sheet of the General Partner as of
December 31, 2020 and the related unaudited income statement of the General Partner for the year ended December 31, 2020; and 

(ii) the unaudited balance sheet of the General Partner as of August 31, 2021 (such date, the “Last Balance Sheet Date”
and such unaudited combined balance sheet, the “Latest Balance Sheet”) and the related unaudited income statement of the General Partner for the eight-month period ended August 31, 2021. 

(e) The Financial Statements have been derived from the management accounts of the relevant members of the General Partner and in accordance
with the books and records of the General Partner. The Financial Statements were prepared in good faith and on a consistent basis in accordance with the GAAP, with the exception of the investment in the Partnership which will be stated at cost. The
Financial Statements present fairly, in all material respects, the financial position and the results of operation of the General Partner as of the respective dates thereof or the periods then ended, as applicable (subject to normal year-end audit adjustments and to any other adjustments described therein, including the notes thereto, none of which would be material). No officer, director or employee of the General Partner or any Affiliate
thereof has (A) circumvented the internal accounting controls of the General Partner, (B) falsified any of the books, records or accounts of the General Partner, or (C) made false or misleading statements to, or attempted to coerce or
fraudulently influence, an accountant in connection with any audit, review or examination of the financial statements of the General Partner. 

(f) Except (i) as disclosed on the Latest Balance Sheet, (ii) for liabilities incurred in the ordinary course of business since the
Last Balance Sheet Date, and (iii) as expressly contemplated by this Agreement, the General Partner does not have any liabilities of any nature, whether or not accrued, contingent or otherwise that are of a type required to be recorded or
reflected on consolidated balance sheet of the General Partner (or in the notes thereto) prepared in accordance with GAAP, other than those which, individually or in the aggregate, have not had, and would not reasonably be expected to have a
Material Adverse Effect. 
 Section 3.8 Absence of Certain Changes. Except as disclosed on
Schedule 3.8, since January 1, 2018, (a) there has not been any Material Adverse Effect on the General Partner, (b) the business of the General Partner has been conducted, in all material respects, only in the ordinary course
consistent with past practices, and (c) the General Partner has not taken any action that would have constituted a breach of Section 5.1 of this Agreement had such action been taken after the execution of this
Agreement without the prior written consent of Buyer. 

  
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 Section 3.9 Contracts. 

(a) Schedule 3.9(a) contains a true and complete listing of all of the material Contracts to which the General Partner is a party in its
own capacity (as opposed to in its capacity as General Partner on behalf of the Partnership which such Contracts are disclosed in the Merger Agreement) (such Contracts that are required to be listed on Schedule 3.9(a) herein being
“Material Contracts”). 
 (b) True and complete copies of all Material Contracts have been made available to Buyer. 

(c) Except as set forth in Schedule 3.9(c), each Material Contract (i) is in full force and effect and (ii) represents the
legal, valid and binding obligation of the General Partner and, to the Knowledge of Seller, represents the legal, valid and binding obligation of the other parties thereto, in each case enforceable in accordance with its terms. Except as set forth
in Schedule 3.9(c), the General Partner and, to the Knowledge of Seller, no other party is in material breach of any Material Contract, and none of Seller, Seller Holdco or the General Partner has received any notice of termination or breach
of any Material Contract. 
 Section 3.10 Intellectual Property. 

(a) All of the Intellectual Property which is required to conduct the business of the General Partner (as currently being conducted) is listed
on Schedule 3.10(a). Except as set forth in Schedule 3.10(a), no Intellectual Property listed in such schedule is subject to any outstanding injunction, order, judgment, decree, stipulation or agreement restricting the use thereof by the
General Partner 
 (b) The General Partner owns or has the right to use, pursuant to license, sublicense, agreement or otherwise, all items
of Intellectual Property. No third party has asserted against the General Partner any written claim that the General Partner is infringing the Intellectual Property of such third party, and, to the Knowledge of Seller, no third party is infringing
the Intellectual Property owned by the General Partner. 
 Section 3.11 [Reserved] 

Section 3.12 Taxes. Except as otherwise provided in Schedule 3.12, 

(a) the General Partner has never made an entity classification election for U.S. federal income tax purposes pursuant to Treasury Regulations Section 301.7701-3, and its default classification for U.S. federal income tax purposes since formation has been as a corporation; 

(b) the General Partner has prepared (or caused to be prepared) and timely filed or caused to be filed (taking into account valid extensions of
time within which to file) all material Tax Returns required to be filed by it, and all such filed Tax Returns are true, complete and accurate in all material respects. General Partner has made available to Buyer true and correct copies of all such
income or franchise Tax Returns for the three (3) year period preceding the Closing Date; 

  
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 (c) all material Taxes owed by the General Partner that are due, including any such Taxes
required to be withheld from amounts owing to any Person (in each case, whether or not shown on any Tax Return) have been timely withheld (if applicable) and paid; 

(d) the General Partner has not waived any statute of limitations with respect to Taxes, or agreed to any extension of time with respect to a
Tax assessment or deficiency; 
 (e) the General Partner has not constituted a “distributing corporation” or a “controlled
corporation” (within the meaning of Section 355(a)(1)(A) of the Code) in a distribution of stock intended to qualify for tax-free treatment under Section 355 of the Code (or any similar
provision of U.S. state, local, or non-U.S. Law) in the three (3) years prior to the date of this Agreement; 

(f) no claim has been made in writing by a Tax authority in a jurisdiction where the General Partner does not file Tax Returns that such Person
is or may be subject to taxation by that jurisdiction; 
 (g) the General Partner will not be required to include any material item of income
in taxable income, or exclude any material item of deduction from taxable income, or make any material adjustment under Section 481 of the Code (or any corresponding provision of U.S. state, local or
non-U.S. income Tax Law) for any taxable period (or portion thereof) ending after the Closing Date as a result of (A) any installment sale, intercompany transaction described in the Treasury Regulations
under Section 1502 of the Code (or any corresponding provision of U.S. state, local or non-U.S. income Tax Law), or open transaction disposition made the General Partner on or prior to the Closing Date,
(B) any prepaid amount received by the General Partner on or prior to the Closing Date, (C) any “closing agreement,” as described in Section 7121 of the Code (or any corresponding provision of U.S. state, local or non-U.S. income Tax Law) entered into on or prior to the Closing Date, (D) any “gain recognition agreement” or “domestic use election” (or analogous concepts under U.S. state, local or non-U.S. income Tax Law), (E) a change in the method of accounting by the General Partner for a period ending prior to or including the Closing Date, or (F) election under Section 965 of the Code (or any
corresponding provision of U.S. state, local or non-U.S. income Tax Law). The General Partner has not deferred, pursuant to the CARES Act, any material Taxes which have not been paid; 

(h) the General Partner (i) is not a party to any Tax allocation, sharing, indemnity, or reimbursement agreement or arrangement (other
than any customary Tax indemnification provisions in ordinary course commercial agreements or arrangements that are not primarily related to Taxes), (ii) is not liable for Taxes of any other Person (other than Partnership and its Subsidiaries) under
Treasury Regulations Section 1.1502-6 (or any corresponding provision of U.S. state, local or non-U.S. income Tax Law) or as a transferee or successor or by
Contract (other than any customary Tax indemnification provisions in ordinary course commercial agreements or arrangements that are not primarily related to Taxes), and (iii) has not ever been a member of an affiliated, consolidated, combined
or unitary group filing for U.S. federal, state or local income Tax purposes, other than a group the common parent of which was or is the General Partner; 

  
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 (i) No Tax audits or assessments or administrative or judicial Actions are pending or are
threatened in writing with respect to the General Partner, and there are no matters under discussion, audit or appeal with any Governmental Authority with respect to Taxes of the General Partner; 

(j) for U.S. federal income Tax purposes, the General Partner is treated as a corporation that is not, and was not in a prior period, a
“controlled foreign corporation” within the meaning of section 957 of the Code or a “passive foreign investment company” within the meaning of Section 1297 of the Code. In addition, Partnership is not now subject to the
requirements of section 7874 of the Code as an “expatriated entity” and, without having undertaken any special diligence of Parent’ structure, Partnership is not aware of any reason why as a result of the transactions contemplated
under this Agreement it would become subject to the requirements of section 7874 as an “expatriated entity” in any subsequent period; 

(k) there are no material Liens for Taxes upon any property or assets of the General Partner, except for Permitted Liens; and 

(l) the General Partner has not entered into any “reportable transaction” within the meaning of U.S. Treasury Regulations Section 1.6011-4(b) (or any similar provision of U.S. state, local or non-U.S. Law). 

Section 3.13 Environmental Matters. Except as set forth on Schedule 3.13: 

(a) the General Partner and its operations are, and since January 1, 2016 have been, in compliance in all material respects with all
applicable Environmental Laws, which compliance includes the possession and maintenance of, and compliance with, all material Permits required under any applicable Environmental Laws; 

(b) the General Partner is not the subject of any outstanding administrative or judicial order or judgment, agreement or arbitration award from
any Governmental Authority under any Environmental Laws or with respect to any liability or other obligation regarding any Hazardous Materials, including any requiring remediation or the payment of a fine or penalty; 

(c) the General Partner is not subject to any lawsuit or action pending or, to the Knowledge of Seller, threatened in writing, whether judicial
or administrative, alleging noncompliance with or potential liability under any Environmental Law or any liability or other obligation regarding any Hazardous Materials; 

(d) the General Partner is not responsible for any Release or threatened Release of any Hazardous Material, bilge water or ballast water at any
currently or formerly owned, leased or operated real property or any other location for which the General Partner may reasonably be expected to be held liable, that could reasonably be expected to require any material investigation or remedial
action by, or result in any other material liability to or obligation of, the General Partner regarding such Release or threatened Release; and 

  
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 (e) the General Partner has not assumed or retained, as a result of any Contract, any
liability under any Environmental Law or regarding any Materials of Environmental Concern, which would reasonably be expected to have a Material Adverse Effect on the General Partner. 

Section 3.14 Permits; Compliance with Laws. 

(a) Except as set forth in Schedule 3.14, the General Partner possesses or has the ability to operate under all material Permits
necessary for it to own its assets and operate its business (including as the general partner on behalf of the Partnership) as currently conducted. All such Permits are in full force and effect. There are no lawsuits or other proceedings pending or,
to the Knowledge of Seller, threatened in writing before any Governmental Authority that seek the revocation, cancellation, suspension or adverse modification thereof. To the Knowledge of Seller, such Permits will not be subject to suspension,
modification, revocation or non-renewal as a result of the execution, delivery and consummation of the Transactions. 

(b) The General Partner is in compliance in all material respects with all applicable Laws and, to the Knowledge of Seller, the General Partner
has not received written notice of any violation of any Law, relating to the operation of its business or to any of its assets or operations which could reasonably be expected to material to the General Partner or prevent, materially impair or
materially delay such the General Partner from complying with its obligations hereunder or the consummation of the Transactions. 

Section 3.15 Insurance. Schedule 3.15 contains a summary description of all policies of
property, fire and casualty, product liability, workers’ compensation and other insurance held by or for the benefit of the General Partner as of the date of this Agreement. Except as reflected on Schedule 3.15, there is no claim by the
General Partner pending under any of such policies as to which coverage has been denied or disputed by the underwriters of such policies. All premiums due and payable under such policies have been paid, and General Partner is in compliance and has
complied with the terms and conditions of such policies. All such insurance policies are in full force and effect. No notice of cancellation or termination of, or indication of an intention not to renew, any such insurance policy has been received
by the General Partner other than in the ordinary course of business in connection with normal renewals of any such insurance policies, nor does Seller have knowledge of any event which would cause such cancellation or termination of any such
policy. Such insurance policies are in full force and effect and are valid and enforceable and cover against the risks as are customary in all material respects for similar general partner entities in the same or similar lines of business and as
required by applicable Law. 
 Section 3.16 Labor Relations. Except as set forth on Schedule
3.16, none of the General Partner nor any of its Affiliates (a) is a party to any collective bargaining agreement or other labor union contract applicable to persons employed by the General Partner’ Affiliates who provide services to
the General Partner, and, to the Knowledge of Seller, there are no organizational campaigns, petitions or other unionization activities focusing on persons employed by the General Partner’s Affiliates who provide services to the General Partner
which seeks recognition of a collective bargaining unit, or (b) is subject to any strikes, material slowdowns or material work stoppages pending or, to the Knowledge of Seller, threatened in writing between the General Partner and any group of
the foregoing employees. The General Partner (i) has no employees and (ii) does not maintain, contribute nor is subject to any employee benefit or welfare plan of any nature, including but not limited to, plans subject to ERISA or any
employment, bonus or other compensation-related plan, agreement or arrangement with any employee or other individual service provider. 

  
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 Section 3.17 Title to Properties and Related
Matters. 
 (a) The General Partner does not own, and has never owned, any real property. 

(b) Schedule 3.17(b) sets forth a list of all material personal property owned by the General Partner (“Personal Property”).
The General Partner has good and valid title to, or a valid leasehold interest in, all tangible Personal Property, other than properties and assets sold or otherwise disposed of in the ordinary course of business. All such properties and assets
(including leasehold interests) are free and clear of Liens except for Permitted Liens. 
 (c) The General Partner is not party to any real
estate leases (other than in its capacity as general part of the Partnership). 
 (d) Except as reflected in Schedule 3.17(d), the
General Partner has good and valid title to all of its Personal Property used in the ordinary conduct of its business, except for such defects in title as could not, individually or in the aggregate, reasonably be expected to materially and
adversely impact the ability of the General Partner to conduct its business. 
 (e) Except as provided in Schedule 3.17(e), all of the
facilities and other tangible Personal Property owned or leased by the General Partner in the conduct of its business are (i) in reasonable operating condition and repair, subject to ordinary wear and tear, and (ii) not in need of
maintenance or repair except for ordinary, routine maintenance and repair, except for such circumstances that could not reasonably be expected to materially impact the General Partner or its operations. 

(f) The General Partner has and will upon Closing have all assets, rights and properties, including any easements, rights of way and other
similar property use rights, which are sufficient, in the aggregate, for the General Partner to conduct its business as currently conducted in all material respects. 

Section 3.18 FCPA and Anti-Corruption. 

(a) Except for those matters which, individually or in the aggregate, have not had and would not reasonably be expected to have a Material
Adverse Effect on the General Partner and except as set forth on Schedule 3.18: 
 (b) in the last five (5) years, neither the
General Partner, nor any director, officer, manager or employee (when acting in their role as director, officer, manager or employee) of the General Partner, or, to Seller’s knowledge, any of its agents, representatives, contractors, sales
intermediaries or other third party, in each case, acting on behalf of such Person, has (i) offered, promised, provided, or authorized the provision of any money, property, or other thing of value, directly or indirectly, to any Person to
improperly influence official action or secure an improper advantage, or to encourage the recipient to breach a duty of good faith or loyalty or the policies of his/her employer, or (ii) violated, conspired to violate, or aided and abetted the
violation of the FCPA, Anti-Money Laundering Laws, or made a material violation of any other applicable Bribery Legislation (in each case to the extent applicable); 

  
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 (c) Neither the General Partner, nor any director, officer, manager or employee of the
General Partner, are, or in the past five (5) years have been, subject to any actual, pending, or, to Sellers’ knowledge, threatened civil, criminal or administrative actions, suits, demands, claims, hearings, notices of violation,
investigations, proceedings, demand letters, settlements or enforcement actions, or made any voluntary disclosures to any Governmental Authority, involving any member of the General Partner in any way relating to applicable Bribery Legislation,
including the FCPA, Sanctions Laws, Anti-Money Laundering Laws, or Export Control Laws; 
 (d) in the last five (5) years, the General
Partner has made and kept books and records, accounts and other records, which, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the General Partner as required by applicable Bribery Legislation
in all material respects; 
 (e) the General Partner has instituted policies and procedures reasonably designed to promote compliance with
the FCPA and other applicable Bribery Legislation, Sanctions, Anti-Money Laundering Laws, and Export Control Laws, and maintained such policies and procedures in force; and 

(f) to Seller’s knowledge, no officer or director of the General Partner is a Government Official. 

Section 3.19 Sanctions and Export Controls(s) Except as set forth in Schedule 3.19, neither the
General Partner, nor any of its directors, officers or employees, nor, to the knowledge of Seller, any of the agents, managers or other third parties that act for or on behalf of the General Partner, is a Sanctioned Person. Except for those matters,
which individually or in the aggregate have not had and would not reasonably be expected to have a Material Adverse Effect on the General Partner, neither the General Partner, nor any of their respective directors, officers or employees (in the case
of directors, officers or employees, when acting for or on behalf of the General Partner) or, to the knowledge of Seller, any agents, managers and other third parties when acting for or on behalf of the General Partner, (a) has in the past five
(5) years engaged in or has any plan or commitment to engage in direct or indirect dealings with any Sanctioned Person or in any Sanctioned Country in violation of applicable Sanctions Law or (b) has in the past five (5) years
violated, or knowingly engaged in any conduct that would reasonably be expected to result in Seller, Seller Holdco the General Partner being designated as a Sanctioned Person, (c) has been the subject of an investigation or allegation of such a
violation, or (d) has otherwise violated any Sanctions Laws. The General Partner has obtained export licenses and permissions as required by, and otherwise have operated, and are presently in compliance with, the Export Control Laws. 

Section 3.20 No Other Representations or Warranties. Except for the representations and warranties
contained in Article IV or in the other Transaction Agreements or in any certificates delivered by Buyer in connection with the Closing, Seller acknowledges that neither Buyer nor any Representative of Buyer makes, and Seller acknowledges
that it has not relied upon or otherwise been induced by, any other express or implied representation or warranty with respect to Buyer or any Subsidiary of Buyer or with respect to any other information provided or made available to Seller in
connection with the Transactions, including any information, documents, projections, forecasts or other material made available to Seller or to Seller’s Representatives in certain “data rooms” or management presentations in
expectation of the Transactions. 

  
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 ARTICLE IV 

REPRESENTATIONS AND WARRANTIES RELATING TO BUYER 

Except as disclosed in the Disclosure Schedules, (it being agreed that disclosure of any item in any section of the Disclosure Schedules shall
be deemed disclosure with respect to any other section of this Article IV to which the relevance of such item is reasonably apparent on its face) Buyer hereby represents and warrants to Seller as follows: 

Section 4.1 Organization of Buyer. Buyer is an exempted limited partnership, duly organized, validly
existing and in good standing under the Laws of the Cayman Islands. 
 Section 4.2 Authorization;
Enforceability. Buyer has all requisite corporate or similar power and authority to execute and deliver this Agreement and to perform all obligations to be performed by it hereunder. The execution and delivery of this Agreement and the
consummation of the transactions contemplated hereby have been duly and validly authorized and approved by Buyer, and no other corporate or similar proceeding on the part of Buyer is necessary to authorize this Agreement or the consummation of the
transactions contemplated hereby. This Agreement has been duly and validly executed and delivered by Buyer, and this Agreement constitutes a valid and binding obligation of Buyer, enforceable against Buyer in accordance with its terms, subject to
applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and similar Laws affecting creditors’ rights generally and subject, as to enforceability, to general principles of equity. 

Section 4.3 No Conflict. The execution and delivery of this Agreement by Buyer and the consummation of
the transactions contemplated hereby by Buyer (assuming all required filings, consents, approvals authorizations and notices set forth in Schedule 4.3 (collectively, the “Buyer Approvals”) have been made, given or obtained) does not
and shall not: 
 (a) conflict with or violate any Law applicable to Buyer or require any filing with, consent, approval or authorization of,
or, notice to, any Governmental Authority; 
 (b) conflict with or result in any violation of any provision of any Organizational Document of
Buyer; or 
 (c) (i) result in any violation or breach any material Contract to which Buyer is a party or by which Buyer may be bound,
(ii) result in default under, the termination, modification, cancellation or acceleration of (or give rise to any right to terminate, modify, cancel or accelerate) any material Contract, any material obligations thereunder or the loss of any
material benefits thereunder, (iii) result in the creation of any Lien upon any of the properties or assets of Buyer or (iv) constitute an event which, after notice or lapse of time or both, would result in any such breach, termination,
modification, cancellation or acceleration or creation of a Lien, in each case other than would not reasonably be expected to have a material and adverse impact on the ability of Buyer to perform its obligations hereby. 

  
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 Section 4.4 Litigation. There are no claims,
lawsuits, actions or other proceedings before any Governmental Authority pending or, to the Knowledge of Buyer, threatened in writing against Buyer that would reasonably be expected to have a material and adverse impact on the ability of Buyer to
perform its obligations hereby, and there are no injunctions, orders, rulings or unsatisfied judgments from any Governmental Authority binding upon Buyer that would reasonably be expected to have a material and adverse impact on the ability of Buyer
to perform its obligations hereby. 
 Section 4.5 Availability of Funds. Concurrently
with the execution of this Agreement, the Buyer delivered to Seller a true and complete copy of an executed commitment letter, dated as of the date hereof, from Stonepeak Infrastructure Fund IV Cayman (AIV II) LP and Stonepeak Asia Infrastructure
Fund LP (the “Equity Commitment Letter”) pursuant to which certain investors have committed to the Buyer the cash amounts necessary to satisfy at Closing the Purchase Price. As of the date hereof, the Equity Commitment Letter is a legal,
valid and binding obligation of Buyer and, to the knowledge of Buyer, each other party thereto, enforceable against Buyer and, to the knowledge of Buyer, each such other party in accordance with its terms, subject to applicable bankruptcy,
insolvency, fraudulent conveyance, reorganization, moratorium and similar Laws affecting creditors’ rights generally and subject, as to enforceability, to general principles of equity, and is in full force and effect. The Equity Commitment
Letter provides, and will continue to provide, that Seller is a third-party beneficiary thereof and is entitled to enforce such agreement to the extent provided therein. As of the date hereof, no event or circumstance has occurred which, with or
without notice, lapse of time or both, would constitute a default on the part of Buyer or, to the knowledge of Buyer, any of the other parties thereto under Equity Commitment Letter. As of the date hereof, neither Commitment Letter has been
withdrawn, rescinded or terminated, or otherwise amended or modified in any respect, and assuming the satisfaction of the conditions set forth in the Equity Commitment Letter, as of the date hereof Buyer has no reason to believe that the financing
contemplated by Equity Commitment Letter (the “Acquisition Financing”) will not be available as of the Closing. There are no conditions precedent related to the funding of the full amounts of the Acquisition Financing, other than as set
forth in Equity Commitment Letter. 
 Section 4.6 Brokers’ Fees. Except as reflected on
Schedule 4.6 hereto, no broker, finder, investment banker or other Person is entitled to any brokerage fee, finders’ fee or other commission in connection with the Transactions based upon arrangements made by Buyer. 

Section 4.7 Investment Representation. Buyer is purchasing the Purchased Interest for its own account
with the present intention of holding the Purchased Interest for investment purposes and not with a view to or for sale, in connection with any public distribution, of the Purchased Interest in violation of any federal or state securities Laws.
Buyer has such knowledge and experience in financial and business matters that it is capable of evaluating the merits and risks of an investment in the Purchased Interest. Buyer acknowledges that the Purchased Interest has not been registered under
applicable federal and state securities Laws and that the Purchased Interest may not be sold, transferred, offered for sale, pledged, hypothecated or otherwise disposed of unless such transfer, sale, assignment, pledge, hypothecation or other
disposition is registered under applicable federal and state securities Laws or pursuant to an exemption from registration under any federal or state securities Laws. 

  
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 Section 4.8 No Other Representations or Warranties.
Except for the representations and warranties contained in Article III or in any certificates delivered by Seller in connection with the Closing, Buyer acknowledges that neither Seller nor any Representative of Seller makes, and Buyer
acknowledges that it has not relied upon or otherwise been induced by, any other express or implied representation or warranty with respect to Seller, the General Partner, the Partnership or any of their Subsidiaries or with respect to any other
information provided or made available to Parent in connection with the Transactions, including any information, documents, projections, forecasts or other material made available to Parent or to Parent’ Representatives in certain “data
rooms” or management presentations in expectation of the Transactions. 
 ARTICLE V 

COVENANTS 

Section 5.1 Conduct of Business. From the date of this Agreement through the Closing, except as set
forth on Schedule 5.1, as contemplated by this Agreement, or as consented to by Buyer in writing (which consent shall not be unreasonably withheld, conditioned or delayed), (a) Seller shall cause the General Partner to (x) operate its
business in the ordinary course and (y) use Reasonable Best Efforts to preserve intact its business and its relationships with customers, suppliers and others having business relationships with the General Partner and (b) Seller shall (and
shall cause Seller Holdco to) not permit the General Partner to: 
 (i) amend its Organizational Documents; 

(ii) liquidate, dissolve, recapitalize or otherwise wind up its business; 

(iii) change its historical practice for collecting accounts receivable or paying accounts payable; 

(iv) enter into any new material line of business or form or enter into a material partnership, joint venture, strategic alliance or similar
arrangement with a third part 
 (v) create any subsidiary of the General Partner; 

(vi) make any loans to any other Person; 

(vii) merge or consolidate with, or purchase any assets or the business of, or equity interests in, or make an investment in any Person; 

(viii) incur any Indebtedness or issue or sell any notes, bonds or other securities of the General Partner (except for intercompany loans from
or to Seller or its Affiliates, to be repaid in full prior to the Closing), or any option, warrant or right to acquire same; 

(ix) (A) issue, sell or otherwise permit to become outstanding, or authorize the creation of, any additional equity or option, warrant or
right to acquire same, (B) split, combine or reclassify any of its equity interests or issue or authorize or propose the issuance of any other securities in respect of, in lieu of or in substitution for its equity interests, or
(C) repurchase, redeem or otherwise acquire any membership, partnership or other equity interests or option, warrant or right to acquire such interests; 

  
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 (x) make any material change in financial accounting policies, principles, practices or
procedures or any of its methods of reporting income, deductions or other material items for financial accounting purposes, except as required by applicable Laws; 

(xi) adopt any profit sharing, compensation, savings, insurance, pension, retirement or other benefit plan (or maintain, contribute to or
become subject to any employee benefit or welfare plan of any nature, including but not limited to any plans under ERISA), or hire or employ any employees; 

(xii) enter into any Material Contract; 

(xiii) create or assume any Lien, other than a Permitted Lien; 

(xiv) make or change any material Tax election, change any Tax accounting period for purposes of a material Tax or material method of Tax
accounting, file any material amended Tax Return, settle or compromise any audit or proceeding relating to Taxes or, except in the ordinary course of business, agree to an extension or waiver of the statute of limitations with respect to a material
amount of Taxes, enter into any “closing agreement” within the meaning of Section 7121 of the Code (or any similar provision of U.S. state, local, or non-U.S. Law) with respect to any material
Tax, or surrender any right to claim a material Tax refund; 
 (xv) sell, assign, transfer, lease or otherwise dispose of any material
assets, rights or property, including the Personal Property; 
 (xvi) make any capital expenditure on its own behalf or behalf of the
Partnership; 
 (xvii) compromise or settle any material claim, litigation or proceeding of any type (except solely in the capacity as the
general partner on behalf of the Partnership). 
 (xviii) materially reduce the amount of insurance coverage or fail to use reasonable best
efforts to renew any material existing insurance policies of the General Partner; 
 (xix) terminate or close any facility, business or
operation of the General Partner; 
 (xx) fail to comply with the General Partner’s obligations under Section 5.1 of the Merger
Agreement; or 
 (xxi) agree, whether in writing or otherwise, to do any of the foregoing. 

Section 5.2 Access. From the date hereof through the Closing, Seller shall (and shall cause Seller
Holdco to) afford to Buyer and its authorized Representatives reasonable access, during normal business hours and in such manner as not to unreasonably interfere with normal operation of its business, to all of the properties, offices, books,
Contracts, personnel and records relating to the General Partner or Partnership which is held by Seller, Seller Holdco, the General Partner and the General Partner Affiliates who provide services to the General Partner, shall furnish such authorized
Representatives with all financial and operating data and other information 

  
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concerning the affairs of the General Partner and the General Partner’s Affiliates who provide services to the General Partner as Buyer and such Representatives may reasonably request and
shall instruct its Representatives and cause the General Partner to cooperate in connection with such access and disclosure obligations. Seller shall have the right to have a Representative present at all times during any such inspections,
interviews, and examinations. Notwithstanding the foregoing, Buyer shall have no right of access to, and Seller shall have no obligation to provide to Buyer, information relating to (a) any information the disclosure of which would jeopardize
any legal privilege available to the General Partner, Seller, Seller Holdco or any General Partner Affiliate relating to such information (provided, however, that the withholding party shall use its reasonable best efforts to allow for
such access or disclosure to the maximum extent that does not result in a loss of such privilege); or (b) any information the disclosure of which would result in a violation of Law (provided, however, that the withholding party
shall use its reasonable best efforts to make appropriate substitute arrangements to permit reasonable disclosure not in violation of such Law). 

Section 5.3 Third-Party Approvals. From the date of this Agreement until the Closing, each of Buyer
and Seller shall, and shall cause their respective Affiliates to, use Reasonable Best Efforts to take such actions as required by Section 6.12 of the Merger Agreement to obtain the Buyer Approvals and the Seller Approvals to the extent
applicable to this Agreement and the Transactions; provided that no Party or its Affiliates will be required to take any action not required under the Merger Agreement. 

Section 5.4 Regulatory Filings. From the date of this Agreement until the Closing, each of Buyer and
Seller shall, and shall cause their respective Affiliates to, use Reasonable Best Efforts to take such actions as required by Section 6.2 of the Merger Agreement to the extent applicable to this Agreement and the
Transactions; provided that no Party or its Affiliates will be required to take any action not required under the Merger Agreement. 

Section 5.5 Indebtedness. At or before Closing, Seller shall (or shall cause Seller Holdco to) cancel
and contribute to the capital of the Partnership (or, as applicable, cause its Affiliates to cancel, at no cost, expense or obligation) any Indebtedness due to Seller or its Affiliates (other than the Partnership and its Subsidiaries) from the
General Partner, in each case including interest and other amounts accrued thereon or due in respect thereof. The General Partner shall have no other Indebtedness as of the Effective Time. 

Section 5.6 Books and Records. From and after the Closing, Buyer shall preserve and keep a copy of all
books and records (other than Tax records which are addressed in Article VI) relating to the business or operations of the General Partner on or before the Closing in Buyer’s possession for a period of at least seven years after the Closing
Date. After such seven-year period, before Buyer shall dispose of any such books and records, Buyer shall give Seller at least ninety (90) days prior notice to such effect, and Seller shall be given an opportunity, at its cost and expense, to
remove and retain all or any part of such books and records as Seller may select. Buyer shall provide to Seller, at no cost or expense to Seller, reasonable access during business hours to such books and records as remain in Buyer’s possession
and reasonable access during business hours to the properties and employees of Buyer and Seller in connection with matters relating to the business or operations of Seller on or before the Closing to the extent necessary for Seller’s tax and
financial reporting and legal compliance. Notwithstanding the foregoing, Seller shall have no 

  
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right of access to, and Seller shall have no obligation to provide to Buyer, books relating to (a) any information the disclosure of which would jeopardize any legal privilege available to
the General Partner or any General Partner Affiliate relating to such information (provided, however, that the withholding party will use its reasonable best efforts to allow for such access or disclosure to the maximum extent that
does not result in a loss of such privilege); or (b) any information the disclosure of which would result in a violation of Law (provided, however, that the withholding party will use its reasonable best efforts to make
appropriate substitute arrangements to permit reasonable disclosure not in violation of such Law). 
 Section 5.7
Permits. Seller and Buyer shall cooperate to provide all notices and otherwise take all commercially reasonable actions required to transfer or reissue any Permits, including those required under Environmental Laws, as a result of or
in furtherance of the Transactions. 
 Section 5.8 Satisfaction of Merger Agreement
Conditions. Seller shall (and shall cause Seller Holdco to) take all actions necessary (subject to compliance with applicable Law) to cause the General Partner to, and to cause the General Partner to cause the Partnership to, satisfy their
respective obligations under the Merger Agreement. 
 Section 5.9 Termination of Intercompany
Arrangements. Except for that certain Amended and Restated Omnibus Agreement among the General Partner and other entities, (a) Seller shall cause (i) all Contracts between the General Partner, on the one hand, and any
of Seller or its Affiliates that are not members of the Partnership Group, on the other hand, to be terminated at or prior to the Closing, and shall cause any amounts payable thereunder to be paid as required prior to the close of business on the
Business Day immediately preceding the Closing Date with no further liability or obligation on the General Partner or any member of the Partnership Group thereafter and (b) to the extent that there are receivables or payables between the
General Partner, on the one hand, and any Seller or any of its Affiliates (other than members of the Partnership Group), on the other hand (the “Intercompany Payables and Receivables”), all such Intercompany Payables and Receivables shall
be cancelled by the parties thereto on or prior to the Closing Date. 
 Section 5.10 Intercompany
Note. Notwithstanding anything herein to the contrary, the Intercompany Note may be cancelled prior to the Closing in exchange for receipt by the General Partner of 10,750,000 common units of the Partnership (the “Exchanged
Units”). If and when so exchanged, the Merger Consideration (as defined in the Merger Agreement) received for the Exchanged Units under the Merger Agreement shall be the sole and exclusive property of the Seller and Seller Holdco and shall be
paid directly to Seller or Seller Holdco in connection with “Closing” (as defined in and pursuant to the terms and conditions of the Merger Agreement). The General Partner shall execute a direction letter to cause the Merger Consideration
received for the Exchanged Units under the Merger Agreement to be paid directly to Seller and, if any Merger Consideration is received by Buyer or the General Partner for the Exchanged Units, Buyer or the General Partner, as applicable, shall hold
such consideration in trust and for the benefit of Seller and shall transfer such Merger Consideration to Seller or Seller Holdco as promptly as possible after the Closing. 

Section 5.11 Use of Proceeds. Seller and Seller Holdco shall not use any proceeds transferred pursuant
to this Agreement, directly or knowingly indirectly, in any manner that would cause Buyer to be in violation of applicable Bribery Legislation, Anti-Money Laundering Laws, or Sanctions Laws (each as defined in the Merger Agreement). 

  
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 Section 5.12 Transaction Litigation; Notices.
Seller shall, and shall cause the General Partner to, provide prompt oral notice, promptly confirmed in writing, of any objection, claim, litigation or proceeding brought or threatened by any partner or other securityholder of Seller or any third
party claim against Seller, any of its Subsidiaries and/or any of its or their directors or officers relating to this Agreement or any of the transactions contemplated hereby to Buyer. Seller shall, and shall cause the General Partner to, give Buyer
the opportunity to participate (at Buyer’s expense) in the defense, prosecution or settlement of any such objection, claim, litigation or proceeding and shall give each other the right to review and comment on all filings or responses to be
made by Seller or the General Partner in connection with any such litigation or proceeding, and will in good faith take such comments into account. Seller shall not, and shall cause the General Partner not to, offer or agree to settle any such
objection, claim, litigation or proceeding without Buyer’s prior written consent (which consent shall not be unreasonably withheld, delayed or conditioned); provided, that, without limiting the foregoing, each Party shall use
reasonable best efforts so that any such settlement includes a full release of the other Party and its affiliates and does not impose any material injunction or other material equitable relief after the Effective Time (as defined in the Merger
Agreement) upon Buyer, the Surviving Entity (as defined in the Merger Agreement) or any of their respective Affiliates. 
 ARTICLE VI

 TAX MATTERS 

Section 6.1 Tax Returns.  

(a) Through the Closing, Seller shall cause the General Partner to continue its current tax treatment as a corporation for United States
federal income tax purposes through the close of business on the Closing Date. 
 (b) The General Partner shall prepare or cause to be
prepared any Tax Return to be filed on or prior to the Closing Date, and any Tax Return which relates to any period (or portion thereof) ending on or prior to the Closing Date in a manner consistent with practices followed in prior years with
respect to similar Tax Returns, except as otherwise required by Law or fact. 
 (c) Buyer and Seller shall cooperate fully, and Buyer shall
cause the General Partner to cooperate fully, as and to the extent reasonably requested by the other Party, in connection with the preparation and filing of Tax Returns pursuant to this Section 6.1. Such cooperation shall
include access to, the retention and (upon the other Party’s request) the provision of records and information which are reasonably relevant to any such Tax Return or Tax Proceeding, and making employees available on a mutually convenient basis
to provide additional information and explanation of any material provided hereunder. Buyer and Seller each agree, upon request, to use Reasonable Best Efforts to obtain any certificate or other document from any Tax authority or any other Person as
may be necessary to mitigate, reduce or eliminate any Tax that could be imposed with respect to the transactions contemplated hereby. 

  
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 Section 6.2 Transfer Taxes. All state and local
transfer, sales, use, stamp, registration or other similar Taxes resulting from the purchase of the Purchased Interest will be borne fifty percent by Buyer and fifty percent by Seller. Any Tax returns and other documentation that must be filed with
respect to Transfer Taxes shall be prepared and filed when due by the party primarily or customarily responsible under the applicable local law for the filing of such Tax returns or other documentation, and such party will use its commercially
reasonable efforts to provide drafts of such Tax returns and other documentation to the other Party at least ten (10) Business Days prior to the due date for such Tax returns and other documentation. To the extent necessary each Party will
indemnify the other Party in order to ensure that each Party has borne fifty percent of any applicable transfer Taxes. 

Section 6.3 Tax Proceedings; Cooperation on Tax Matters. Buyer, the General Partner, and Seller will
cooperate fully, as and to the extent reasonably requested by the other party, in connection with any Tax matters relating to the General Partner (including by the provision of reasonably relevant records or information). The party requesting such
cooperation will pay the reasonable out-of-pocket expenses of the other party. 

ARTICLE VII 
 CONDITIONS
TO OBLIGATIONS 
 Section 7.1 Conditions to Obligations of Buyer. The obligation of Buyer to
consummate the transactions contemplated hereby is subject to the satisfaction of the following conditions, any one or more of which may be waived in writing by Buyer: 

(a) Seller Approvals and Buyer Approvals shall have been duly made, given or obtained and shall be in full force and effect; 

(b) (i) Each of the Fundamental Representations and Warranties and the representation and warranty contained in
Section 3.8(a) shall be true and correct in all respects, except for any de minimis inaccuracies, as of the date of this Agreement and as of the Closing as though made on and as of the Closing as if made at and as of
that time (other than such representations and warranties that expressly address matters only as of a certain date, which need only be true as of such certain date) and (ii) each of the other representations and warranties of Seller contained
in this Agreement shall be true in all material respects as of the date of this Agreement and as of the Closing, as if made at and as of that time (other than such representations and warranties that expressly address matters only as of a certain
date, which need only be true as of such certain date) without giving effect to the words “material”, “material adverse effect” or “Material Adverse Effect”; 

(c) Seller shall have performed or complied in all material respects with all of the covenants and agreements required by this Agreement to be
performed or complied with by it at or before the Closing; 
 (d) Seller shall have delivered to Buyer a certificate, dated as of the Closing
Date, certifying that the conditions specified in Sections 7.1(b) and 7.1(c) have been fulfilled; 
 (e) No Adverse Law or
Order shall have occurred and be in effect; 

  
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 (f) the waiting period applicable to the consummation of the transactions contemplated
hereby under any applicable Antitrust Laws shall have expired or have been terminated; 
 (g) Seller shall have delivered to Buyer all of the
documents, certificates and other instruments required to be delivered under, and otherwise complied with the provisions of, Section 2.3(b); 

(h) Since the date of this Agreement, there shall have been no occurrences that, individually or in the aggregate, have had and continue to
have, or would reasonably be expected to have, a Material Adverse Effect; and 
 (i) The closing under the Merger Agreement shall take place
concurrently with the consummation of the transactions contemplated hereby. 
 Section 7.2 Conditions to the
Obligations of Seller. The obligation of Seller to consummate the transactions contemplated hereby is subject to the satisfaction of the following conditions, any one or more of which may be waived in writing by Seller: 

(a) Seller Approvals and Buyer Approvals shall have been duly made, given or obtained and shall be in full force and effect; 

(b) Each of the representations and warranties of Buyer contained in this Agreement shall be true in all material respects as of the date of
this Agreement and as of the Closing, as if made anew at and as of that time (other than such representations and warranties that expressly address matters only as of a certain date, which need only be true as of such certain date) without giving
effect to the words “material” or “material adverse effect;” 
 (c) Buyer shall have performed or complied in all
material respects with all of the covenants and agreements required by this Agreement to be performed or complied with by Buyer on or before the Closing; 

(d) Buyer shall have delivered to Seller a certificate, dated as of the Closing Date, certifying that the conditions specified in
Section 7.2(b) and (c) have been fulfilled; 
 (e) No Adverse Law or Order shall have occurred
and be in effect; 
 (f) Buyer shall have delivered to Seller all of the documents, certificates and other instruments required to be
delivered under, and otherwise complied with the provisions of, Section 2.3(c); 
 (g) The waiting period
applicable to the consummation of the transaction contemplated hereby under the Antitrust Laws shall have expired or have been terminated; and 

(i) The closing under the Merger Agreement shall take place concurrently with the consummation of the transactions contemplated hereby. 

  
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 ARTICLE VIII 

TERMINATION 

Section 8.1 Termination. At any time prior to the Closing, this Agreement may be terminated and the
transactions contemplated hereby abandoned: 
 (a) by the mutual consent of Buyer and Seller as evidenced in writing signed by each of Buyer
and Seller; 
 (b) by Buyer, if there has been a material breach by Seller of any representation, warranty or covenant contained in this
Agreement which breach would result in the conditions in Section 7.1(b) and (c) not being satisfied and, if such breach is of a character that it is capable of being cured, such breach has not been cured by
Seller within thirty (30) days after written notice thereof from Buyer); provided, however, this Agreement may not be terminated pursuant to this Section 8.1(b) by Buyer if Buyer or its Affiliate is then in material
breach of any representation, warranty, covenant or agreement set forth in this Agreement and such breach would result in a failure of one or more of the conditions set forth in Article VII; 

(c) by Seller, if there has been a material breach by Buyer of any representation, warranty or covenant contained in this Agreement which
breach would result in the conditions in Section 7.2(b) and (c) not being satisfied and, if such breach is of a character that it is capable of being cured, such breach has not been cured by Buyer within thirty
(30) days after written notice thereof from Seller; provided, however, this Agreement may not be terminated pursuant to this Section 8.1(c) by Seller if Seller or its Affiliate is then in material breach of any
representation, warranty, covenant or agreement set forth in this Agreement and such breach would result in a failure of one or more of the conditions set forth in Article VII; 

(d) by either Buyer or Seller if any Governmental Authority having competent jurisdiction has issued a final,
non-appealable order, decree, ruling or injunction (other than a temporary restraining order) or taken any other action permanently restraining, enjoining or otherwise prohibiting the transactions contemplated
hereby provided, that the right to terminate this Agreement pursuant to this Section 8.1(d) shall not be available to a Party if any such order, injunction, decree, ruling or injunction was due to the material breach by
such Party or its Affiliate of any representation, warranty, covenant or agreement set forth in this Agreement; or 
 (e) automatically upon
the termination of the Merger Agreement prior to the Effective Time. 
 Section 8.2 Effect of
Termination. 
 (a) In the event of termination and abandonment of this Agreement pursuant to Section 8.1, this Agreement shall
forthwith become void and have no effect, without any liability on the part of any Party hereto; provided, however, that, subject to Section 8.2(b), and Section 8.4, if this Agreement is
validly terminated by a Party as a result of a Willful Breach of this Agreement by the non-terminating Party, then the terminating Party shall be entitled to all rights and remedies available under Law or
equity. 

  
 -32- 

 (b) For the avoidance of doubt, and notwithstanding anything to the contrary in this
Agreement, the payment of the Parent Termination Fee pursuant to the Merger Agreement (together with the right to specific performance prior to the termination of this Agreement in accordance with Section 9.14) shall be the
sole and exclusive remedy (whether at law, in equity, in contract, tort or otherwise, and whether by or through attempted piercing of the corporate, limited liability company or partnership veil or directly or indirectly through any other Person) of
the Seller or any of its Affiliates against Buyer or any of their respective Affiliates, or any direct or indirect, former, current or future, equityholder or Representative of any of the foregoing (each, a “Buyer Related Party”), for any
damages, liabilities or other adverse consequences incurred by the Seller, the General Partner or any of their respective Affiliates or Representatives or any other Person for any failure by Buyer to effect the Closing for any or no reason and,
without limiting the rights and remedies set forth in the Merger Agreement, any other breach by Buyer of this Agreement, the Merger Agreement and any other agreements entered in connection with the Transactions, and, without limiting the rights and
remedies set forth in the Merger Agreement, the Seller, the General Partner and their respective Affiliates shall not otherwise be entitled to make any claim against any Buyer Related Parties, and the Buyer Related Parties shall have no further
liability to Seller, the General Partner or any of their respective Affiliates or any other Person therefor, except that Seller may seek specific performance of Buyer’s obligations hereunder as and only to the extent permitted under
Section 9.14; provided, however, that in no event shall Seller, the General Partner or any of their respective Affiliates (including the Partnership) be entitled to a grant of both specific performance pursuant to
Section 9.14 and the Parent Termination Fee. The Buyer Related Parties are intended third party beneficiaries of this Section 8.2(b). 

Section 8.3 Survival. None of the representations, warranties, covenants or other agreements in this
Agreement or in any schedule or certificate delivered pursuant to this Agreement shall survive the Closing; provided, that (i) the Fundamental Representations and Warranties and the representations and warranties in
Section 3.4(a) (but limited to the transactions contemplated by this Agreement) and Section 3.12 and Section 3.17(a) and (f) shall survive following the
Closing for a period of twenty-four (24) months, and (ii) all of the covenants or other agreements of the parties contained in Section 5.1 (excluding Section 5.1(b)(xx)) and
Section 5.5 of this Agreement to be performed on or prior to the Closing shall survive following the Closing for a period of six (6) months; provided, however, that Seller and Seller Holdco shall not be bound to comply
with such sections after Closing; and, further provided, that this Section 8.3 shall not limit any such covenant or agreement of the Parties which by its terms contemplates performance after the Closing. Such
foregoing expiration shall not be effective to the extent that a valid legal claim with respect thereto was made prior to such expiration. 

Section 8.4 Limitation on Damages. Notwithstanding any other provision of this Agreement, except in
the case of fraud, Seller and Seller Holdco shall have no liability to any Buyer Related Party in excess of the Purchase Price, and no Party shall be liable for any speculative, indirect, consequential or punitive damages (unless awarded to a third
party, and except with respect to damages that might otherwise be considered consequential damages to the extent recoverable under the applicable principles of Delaware law because they were the natural, probable and reasonably foreseeable
consequence of the relevant breach or action) with respect to this Agreement. Notwithstanding the foregoing to the contrary, nothing in this Section 8.4 shall limit a claim by Seller or Seller Holdco to enforce its third
party beneficiary rights under the Equity Commitment Letter in accordance with the terms hereof and of the Equity Commitment Letter prior to a valid termination of this Agreement. 

  
 -33- 

 Section 8.5
Non-Recourse. This Agreement may only be enforced against, and any claims or causes of action that may be based upon, arise out of or relate to this Agreement, or the negotiation, execution
or performance of this Agreement may only be made against the entities that are expressly identified as parties hereto, including entities that become parties hereto after the date hereof or that agree in writing for the benefit of Seller to be
bound by the terms of this Agreement, and, subject only to the specific contractual provisions hereof, no former, current or future equityholders, controlling persons, directors, officers, employees, agents or Affiliates of any party hereto or any
former, current or future equityholder, controlling person, director, officer, employee, general or limited partner, member, manager, advisor, agent or Affiliate of any of the foregoing (in each case other than the parties hereto) (each, a “Non-Recourse Party”) shall have any liability for any obligations or liabilities of the parties to this Agreement or for any claim (whether in tort, contract or otherwise) based on, in respect of, or by
reason of, the transactions contemplated hereby or in respect of any representations made or alleged to be made in connection herewith. Without limiting the rights of any party against the other parties hereto, in no event shall any party or any of
its Affiliates seek to enforce this Agreement against, make any claims for breach of this Agreement against, or seek to recover monetary damages from, any Non-Recourse Party. For the avoidance of doubt,
nothing in this Agreement shall limit the rights or remedies of the parties to the Merger Agreement, as provided therein. 
 ARTICLE IX

 MISCELLANEOUS 

Section 9.1 Notices. All notices and other communications hereunder shall be in writing and shall be
deemed given if delivered personally (notice deemed given upon receipt), by email (notice deemed given upon written confirmation of transmission) or sent by a nationally recognized overnight courier service, such as Federal Express (notice deemed
given upon receipt of proof of delivery), to the Parties at the following addresses (or at such other address for a Party as shall be specified by like notice): 
  

			
	 (a) If to Buyer, to:
  

	 c/o Stonepeak Infrastructure Partners

	 55 Hudson Yards

	 550 W 34th Street, 48th Floor

	 New York, NY 10001

	 Attention:
	  	 James Wyper, Senior Managing Director

		  	Adrienne Saunders, General Counsel
	 Email:
	  	wyper@stonepeakpartners.com
		  	saunders@stonepeakpartners.com;
		  	legalandcompliance@stonepeakpartners.com
	
	 with copies to:

	
	 Simpson Thacher & Bartlett LLP

	 425 Lexington Avenue

	 New York, NY 100017

  
 -34- 

			
	 Attention:
	  	Brian Chisling
	 Email:
	  	bchisling@stblaw.com
	
	 (b) If to Seller, to:

	
	 Attention: N. Angelique Burgess

	 Email: angelique.burgess@teekay.com

	
	 with copies to:

	
	 Attention: Arthur Bensler

	 Email: art.bensler@teekay.com

 or to such other address or addresses as the Parties may from time to time designate in writing. 

Section 9.2 Assignment. No Party shall assign this Agreement or any part hereof without the prior
written consent of the other Party, provided, however, nothing herein shall restrict Seller or Buyer from transferring its rights and obligations hereunder to one or more of its respective Affiliates. Subject to the foregoing, this Agreement
shall be binding upon and inure to the benefit of the Parties and their respective permitted successors and assigns; provided that Seller and Buyer, as the case may be, shall continue to be responsible for such Seller’s or Buyer’s,
as applicable, obligations under this Agreement notwithstanding such transfer. 
 Section 9.3 Rights of
Third-Parties. Nothing expressed or implied in this Agreement is intended or shall be construed to confer upon or give any Person, other than the Parties, any right or remedies under or by reason of this Agreement. 

Section 9.4 Expenses. Except as otherwise provided herein, each Party shall bear its own expenses
incurred in connection with this Agreement and the transactions herein contemplated hereby whether or not such transactions shall be consummated, including all fees of its legal counsel, financial advisers and accountants. 

Section 9.5 Counterparts. This Agreement may be executed in two or more counterparts, each of which
shall be deemed an original, but all of which together shall constitute one and the same instrument. Delivery of an executed counterpart of a signature page to this Agreement by e-mail of a .pdf attachment
shall be effective as delivery of a manually executed counterpart of this Agreement and shall constitute an original for all purposes. 

Section 9.6 Entire Agreement. This Agreement (together with the Disclosure Schedules and exhibits to
this Agreement), the Merger Agreement and the schedules and exhibits thereto and the Confidentiality Agreement (and agreements contemplated therein as part of the Transactions) constitute the entire agreement among the Parties and supersede any
other prior agreements, whether written or oral, that may have been made or entered into by or among any of the Parties or any of their respective Affiliates relating to the transactions contemplated hereby. 

Section 9.7 Disclosure Schedules. Unless the context otherwise requires, all capitalized terms used in
the Disclosure Schedules shall have the respective meanings assigned in this Agreement. No reference to or disclosure of any item or other matter in the Disclosure Schedules shall be construed as an admission or indication that such item or other
matter is material 

  
 -35- 

 
or that such item or other matter is required to be referred to or disclosed in the Disclosure Schedules. No disclosure in the Disclosure Schedules relating to any possible breach or violation of
any agreement or Law shall be construed as an admission or indication that any such breach or violation exists or has actually occurred. The inclusion of any information in the Disclosure Schedules shall not be deemed to be an admission or
acknowledgment by Seller, in and of itself, that such information is material to or outside the ordinary course of the business of Seller or required to be disclosed on the Disclosure Schedules. 

Section 9.8 Amendment and Modification; Waiver. 

(a) Subject to applicable Law and except as otherwise provided in this Agreement, this Agreement may be amended, modified and supplemented,
only by written agreement of the Parties (by action taken by their respective boards of directors or similar governing bodies). 
 (b) At any
time and from time to time prior to the Closing Date, either Seller, on the one hand, or Buyer, on the other hand, may, to the extent legally allowed and except as otherwise set forth herein, (i) extend the time for the performance of any of
the obligations or other acts of the other Party, (ii) waive any inaccuracies in the representations and warranties made by the other Party contained herein or in any document delivered pursuant hereto and (iii) waive compliance by the
other Party with any of the agreements contained herein or waive any conditions for the benefit of such Party contained herein. Any agreement on the part of Seller or Buyer to any such extension or waiver shall be valid only if set forth in an
instrument in writing signed on behalf of Seller or Buyer, as applicable. Any delay in exercising any right under this Agreement shall not constitute a waiver of such right. 

Section 9.9 Publicity. All press releases or other public communications of any nature whatsoever
relating to the Transactions are subject to the provisions of Section 6.3 of the Merger Agreement with the same effect as if set forth herein with respect to the parties hereto. 

Section 9.10 Severability. If any term or other provision of this Agreement is invalid, illegal or
incapable of being enforced by rule of Law or public policy, all other conditions and provisions of this Agreement shall nevertheless remain in full force and effect so long as the economic or legal substance of the Transactions is not affected in
any manner adverse to any Party. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the Parties shall negotiate in good faith to modify this Agreement so as to effect the original intent of
the Parties as closely as possible in an acceptable manner to the end that the Transactions are fulfilled to the extent possible. 

Section 9.11 Governing Law; Jurisdiction. 

(a) This Agreement shall be governed by, and construed in accordance with, the laws of the State of Delaware, without giving effect to
conflicts of laws principles that would result in the application of the Law of any other jurisdiction, except to the extent that the law of the Republic of the Marshall Islands is mandatorily applicable to the transactions contemplated hereby. 

  
 -36- 

 (b) Each of the Parties hereby irrevocably and unconditionally submits, for itself and its
property, to the exclusive jurisdiction of the Court of Chancery of the State of Delaware or, if (and only if) such court finds it lacks subject matter jurisdiction, the Superior Court of the State of Delaware (Complex Commercial Division) or, if
subject matter jurisdiction over the matter that is the subject of the action or proceeding is vested exclusively in the federal courts of the United States of America, the federal court of the United States of America sitting in the District of
Delaware, and any appellate court from any thereof, in any action or proceeding arising out of or relating to this Agreement or the agreements delivered in connection herewith or the transactions contemplated hereby or thereby or for recognition or
enforcement of any judgment relating thereto, and each of the Parties hereby irrevocably and unconditionally (i) agrees not to commence any such action or proceeding except in the Court of Chancery of the State of Delaware, or, if (and only if)
such court finds it lacks subject matter jurisdiction, the Superior Court of the State of Delaware (Complex Commercial Division) or, if subject matter jurisdiction over the matter that is the subject of the action or proceeding is vested exclusively
in the federal courts of the United States of America, the federal court of the United States of America sitting in the District of Delaware, as applicable, and any appellate court from any thereof, (ii) agrees that any claim in respect of any
such action or proceeding may be heard and determined in the Court of Chancery of the State of Delaware, or, if (and only if) such court finds it lacks subject matter jurisdiction, the Superior Court of the State of Delaware (Complex Commercial
Division) or, if subject matter jurisdiction over the matter that is the subject of the action or proceeding is vested exclusively in the federal courts of the United States of America, the federal court of the United States of America sitting in
the District of Delaware, as applicable, and any appellate court from any thereof, (iii) waives, to the fullest extent it may legally and effectively do so, any objection that it may now or hereafter have to the jurisdiction or laying of venue
of any such action or proceeding in such courts and (iv) waives, to the fullest extent permitted by Law, the defense of an inconvenient forum to the maintenance of such action or proceeding in such courts. Each of the Parties hereto agrees that
a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by Law. Each Party to this Agreement irrevocably consents to service of process
inside or outside the territorial jurisdiction of the courts referred to in this Section 9.11(b) in the manner provided for notices in Section 9.1. Nothing in this Agreement will affect the right
of any Party to this Agreement to serve process in any other manner permitted by Law. 
 Section 9.12 Waiver
of Jury Trial. EACH PARTY HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT AND ANY OF THE AGREEMENTS
DELIVERED IN CONNECTION HEREWITH OR THE MERGER AND OTHER TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY. EACH PARTY CERTIFIES AND ACKNOWLEDGES THAT (A) NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR
OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF ANY ACTION, PROCEEDING OR COUNTERCLAIM, SEEK TO ENFORCE EITHER OF SUCH WAIVERS, (B) IT UNDERSTANDS AND HAS CONSIDERED THE IMPLICATIONS OF SUCH WAIVERS, (C) IT MAKES SUCH WAIVERS
VOLUNTARILY, AND (D) IT HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 9.12. 

  
 -37- 

 Section 9.13 Further Assurances. Following the
Closing, each of the Parties hereto shall, and shall cause their respective Affiliates to, execute and deliver such additional documents, instruments, conveyances and assurances, and take such further actions as may be reasonably required to carry
out the provisions hereof and give effect to the transactions contemplated by this Agreement. 
 Section 9.14
Specific Performance. 
 (a) The Parties agree that irreparable injury will occur in the event that any of the provisions
of this Agreement is not performed in accordance with its specific terms or is otherwise breached. It is agreed that prior to the termination of this Agreement pursuant to ARTICLE VIII, each Party shall be entitled to an injunction or
injunctions to prevent or remedy any breaches or threatened breaches of this Agreement by any other Party, to a decree or order of specific performance to specifically enforce the terms and provisions of this Agreement and to any further equitable
relief. Each of the Parties hereby acknowledges and agrees that it may be difficult to prove damages with reasonable certainty, that it may be difficult to procure suitable substitute performance, and that injunctive relief and/or specific
performance will not cause an undue hardship to the Parties. Each of the Parties hereby further acknowledges that the existence of any other remedy contemplated by this Agreement does not diminish the availability of specific performance of the
obligations hereunder or any other injunctive relief. 
 (b) The Parties’ rights in this Section 9.14 are an
integral part of the Transactions and each Party hereby waives any objections to any remedy referred to in this Section 9.14 (including any objection on the basis that there is an adequate remedy at Law or that an award of
such remedy is not an appropriate remedy for any reason at Law or equity). For the avoidance of doubt, each Party agrees that there is not an adequate remedy at Law for a breach of this Agreement by any Party. In the event any Party seeks any remedy
referred to in this Section 9.14, such Party shall not be required to obtain, furnish, post or provide any bond or other security in connection with or as a condition to obtaining any such remedy. 

[Signature page follows] 

  
 -38- 

 IN WITNESS WHEREOF this Agreement has been duly executed and delivered by Seller as of the
date first above written. 
  

			
	SELLER:
	
	TEEKAY CORPORATION
		
	By:	 	 /s/ Art Bensler

		 	Name: Art Bensler
		 	Title: Corporate Secretary

 [Signature Page to Limited Liability Company Interest Purchase Agreement] 

 IN WITNESS WHEREOF this Agreement has been duly executed and delivered by Buyer as of the
date first above written. 
  

			
	BUYER:
	
	STONEPEAK INFRASTRUCTURE FUND IV CAYMAN (AIV III) LP
	
	By: Stonepeak Infrastructure Fund IV Cayman LP, its general partner
	
	By: Stonepeak Infrastructure Fund IV Cayman Ltd, its general partner
		
	By:	 	 /s/ James Wyper

	Name:	 	James Wyper
	Title:	 	Senior Managing Director

 [Signature Page to Limited Liability Company Interest Purchase Agreement]EX-4.3

 Exhibit 4.3 

Execution Version 

Voting and Support Agreement 

This Voting and Support Agreement (this “Agreement”), dated as of October 4, 2021, is entered into by and between Teekay
Corporation, a Republic of Marshall Islands corporation (“TKC”) and a direct and indirect common unitholder of Teekay LNG Partners, L.P. a Republic of Marshall Islands limited partnership (the “Partnership”), Teekay
Finance Limited, a Bermuda corporation (“TFL” and together with TKC, the “TK Parties”) a direct common unitholder of the Partnership, and Stonepeak Infrastructure Fund IV Cayman (AIV III) LP, a Cayman Islands
exempted limited partnership (“Parent”). Parent, TKC and TFL are each sometimes referred to herein individually as a “Party” and collectively as the “Parties.” 

WHEREAS, the Partnership, Parent, and Limestone Merger Sub, Inc., a Marshall Islands corporation and wholly owned subsidiary of Parent
(“Merger Sub”), have entered, or will enter, into an Agreement and Plan of Merger, dated as of the date hereof (as the same may be amended from time to time, the “Merger Agreement”), providing for, among other
things, the merger (the “Merger”) of Merger Sub with and into the Partnership pursuant to the terms and conditions of the Merger Agreement; 

WHEREAS, in order to induce Parent to enter into the Merger Agreement, each of TKC and TFL is willing to make certain representations,
warranties, covenants, and agreements as set forth in this Agreement with respect to the common units representing limited partner interests in the Partnership (“Partnership Common Unit”) Beneficially Owned by TKC and TFL and set
forth below TKC’s and TFL’s signature on the signature page hereto (the “Original Units” and, together with any additional units of Partnership Common Unit pursuant to Section 6 hereof, the
“Units”); and 
 WHEREAS, as a condition to its willingness to enter into the Merger Agreement, Parent has required that
each of the TK Parties, and each of the TK Parties has agreed to, execute and deliver this Agreement. 
 NOW, THEREFORE, in consideration of
the foregoing and the respective representations, warranties, covenants, and agreements set forth below and for other good and valuable consideration, the receipt, sufficiency, and adequacy of which are hereby acknowledged, the Parties hereto,
intending to be legally bound, do hereby agree as follows: 
 1. Definitions. 

For purposes of this Agreement, capitalized terms used and not otherwise defined herein shall have the respective meanings ascribed to such
terms in the Merger Agreement. When used in this Agreement, the following terms in all of their tenses, cases, and correlative forms shall have the meanings assigned to them in this Section 1. 

(a) “Beneficially Own” or “Beneficial Ownership” has the meaning assigned to such term in
Rule 13d-3 under the Exchange Act, and a Person’s beneficial ownership of securities shall be calculated in accordance with the provisions of such rule (in each case, irrespective of whether or not such
rule is actually applicable in such circumstance). For the avoidance of doubt, “Beneficially Own” and “Beneficial Ownership” shall also include record ownership of securities. 

 (b) “Beneficial Owner” shall mean the Person who
Beneficially Owns the referenced securities. 
 2. Representations of TKC and TFL. 

TKC and TFL represents and warrants to Parent that, as of the date of this Agreement: 

(a) Ownership of Units. TKC, directly and indirectly through its wholly-owned subsidiary, TFL, is the Beneficial Owner
of, and has good and marketable title to, all of the Original Units free and clear of any proxy, voting restriction, adverse claim, or other Liens and has the sole voting and sole disposition power over all of the Original Units, and there are no
options, warrants, or other rights, agreements, arrangements, or commitments of any character to which TKC or TFL is a party relating to the pledge, disposition, or voting of any of the Original Units and there are no voting trusts or voting
agreements with respect to the Original Units, except, in each case, as otherwise provided under this (i) Agreement, (ii) applicable federal or state securities laws, (iii) the Margin Loan Agreement, dated September 29, 2020, among
TFL, Citibank, N.A. and others, and the instruments executed in connection therewith, including the Pledge and Security Agreement, dated September 29, 2020, by and between Citibank. N.A. and TFL (collectively, the “Equity Margin
Revolver Agreements”) and (iv) the Indenture, dated May 13, 2019, by and among TKC, the guarantors party thereto and Wilmington Trust, National Association. TFL is a wholly-owned Subsidiary of TKC. 

(b) Disclosure of All Units Owned. TKC and TFL do not Beneficially Own any units of Partnership Common Unit other than
the Original Units as of the date of this Agreement. 
 (c) Power and Authority; Binding Agreement. Each of the TK
Parties has full corporate power and authority to enter into, execute, and deliver this Agreement and to perform fully such TK Party’s obligations hereunder. This Agreement has been duly and validly executed and delivered by the TK Parties and
constitutes the legal, valid, and binding obligation of the TK Parties, enforceable against the TK Parties in accordance with its terms except as may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar Laws
affecting creditors’ rights generally. 
 (d) No Conflict. The execution and delivery of this Agreement by the TK
Parties does not, and the consummation of the transactions contemplated hereby and the compliance with the provisions hereof will not, conflict with or violate any Law applicable to either TK Party or, other than as set forth in the Equity Margin
Revolver Agreements, result in any breach of or violation of, or constitute a default (or an event that with notice or lapse of time or both would become a default) under, or give to others any rights of termination, amendment, acceleration, or
cancellation of, or result in the creation of any Lien on any of the Units pursuant to, any agreement or other instrument or obligation including organizational documents binding upon a TK Party or any of the Units. 

  
 2 

 (e) No Consents. No consent, approval, order, or authorization of, or
registration, declaration, or filing with, any Governmental Entity or any other Person on the part of a TK Party is required in connection with the valid execution and delivery of this Agreement. 

(f) No Litigation. There is no action, suit, investigation, or proceeding (whether judicial, arbitral, administrative,
or other) (each an “Action”) pending against, or, to the knowledge of TKC, threatened against or affecting, a TK Party or the Units that would reasonably be expected to materially impair or materially adversely affect the ability of
either TK Party to perform such TK Party’s obligations hereunder or to consummate the transactions contemplated by this Agreement on a timely basis. 

(g) Reliance. Each of the TK Parties understands and acknowledges that Parent is entering into the Merger Agreement in
reliance upon the such TK Party’s execution and delivery of this Agreement and the representations, warranties, covenants and other agreements of the TK Parties contained herein. 

(h) Broker’s Fees. Other than as set forth in Schedule 3.22 of the Partnership Disclosure Letter to the
Merger Agreement, no investment banker, broker, finder or other intermediary is entitled to any broker’s, finder’s, financial advisor’s or other similar fee or commission for which Parent or the Partnership is or will be liable in
connection with the transactions contemplated hereby based upon arrangements made by TKC or TFL. 
 3. Agreement to Vote
Units. Each of the TK Parties hereby irrevocably and unconditionally agrees during the term of this Agreement, at any annual or special meeting of the Partnership called with respect to the following matters, and at every adjournment
or postponement thereof, and on every action or approval by written consent or consents of the Partnership unitholders with respect to any of the following matters, (I) to vote or cause the holder of record to vote the Units: (i) in favor
of (1) the Merger Agreement and the Merger and the other transactions contemplated by the Merger Agreement and any other matters necessary or reasonably requested by Parent for consummation of the Merger and the other transactions contemplated
by the Merger Agreement, and (2) any proposal to adjourn or postpone such meeting of unitholders of the Partnership to a later date if there are not sufficient votes to approve the Merger; and (ii) against (1) any Partnership Competing
Proposal, or any of the transactions contemplated thereby, (2) any action, proposal, transaction, or agreement which would reasonably be expected to result in a breach of any covenant, representation or warranty, or any other obligation or
agreement of the Partnership under the Merger Agreement or of the TK Parties under this Agreement, and (3) any action, proposal, transaction, or agreement that would reasonably be expected to impede, interfere with, delay, discourage, adversely
affect, or inhibit the timely consummation of the Merger and the other transactions contemplated by the Merger Agreement or the fulfillment of Parent’s, the Partnership’s, or Merger Sub’s conditions under the Merger Agreement, or
change in any manner the voting rights of any class of units of the Partnership (including any amendments to the Partnership Organizational Documents) and (II) to cause the holder of record to appear at such meeting or otherwise cause the Units
to be counted as present thereat for purposes of a quorum. 

  
 3 

 4. No Voting Trusts or Other Arrangement. 

Each of the TK Parties agrees that during the term of this Agreement such the TK Parties will not, and will not permit TLF or any other entity
under a TK Party’s control to, deposit any of the Units in a voting trust, grant any proxies or power of attorneys with respect to the Units, subject any of the Units to any arrangement with respect to the voting of the Units or enter into any
agreement or undertaking that is otherwise inconsistent with, or would interfere with, or prohibit or prevent it from satisfying, its obligations pursuant to this Agreement other than (i) agreements entered into with Parent and (ii) the
Equity Margin Revolver Agreements. 
 5. Transfer and Encumbrance. 

Each of the TK Parties agrees that during the term of this Agreement, subject to the terms of the Equity Margin Revolver Agreements and the
Indenture, the TK Parties will not, and will not permit any entity under a TK Party’s control to, directly or indirectly, transfer, sell, offer, exchange, assign, pledge, or convey any legal or Beneficial Ownership interest in or otherwise
dispose of (by merger (including by conversion into securities or other consideration), by tendering into any tender or exchange offer, by operation of Law, or otherwise), or encumber (“Transfer”) any of the Units or enter into any
contract, option, or other agreement with respect to, or consent to, a Transfer of, any of the Units or a TK Party’s voting or economic interest therein. Any attempted Transfer of Units or any interest therein in violation of this
Section 5 shall be null and void. This Section 5 shall not prohibit a Transfer of the Units by the TK Parties, or any entity under the control of a TK Party, to an Affiliate of the TK Parties or an
Affiliate of an entity under the control of a TK Party; provided, that a Transfer referred to in this sentence shall be permitted only if, as a precondition to such Transfer, the transferee agrees in a writing, reasonably satisfactory in form and
substance to Parent, to be bound by all of the terms of this Agreement. 
 6. Additional Units. 

Each of the TK Parties agrees that all units of Partnership Common Unit (or any securities exchangeable for or convertible into Partnership
Common Units) that a TK Party or any entity under TKC’s control purchases, acquires the right to vote, or otherwise acquires Beneficial Ownership of, after the execution of this Agreement and prior to the Expiration Time shall be subject to the
terms and conditions of this Agreement and shall constitute Units for all purposes of this Agreement. In the event of any unit split, unit dividend, merger, reorganization, recapitalization, reclassification, combination, exchange of units, or the
like of the units of the Partnership affecting the Units, the terms of this Agreement shall apply to the resulting securities and such resulting securities shall be deemed to be “Units” for all purposes of this Agreement. 

7. Termination. 

This Agreement and all obligations hereunder shall terminate upon the earliest to occur of (the “Expiration Time”): (a) the
Effective Time; (b) the date on which the Merger Agreement is terminated in accordance with its terms; and (c) the termination of this Agreement by mutual written consent of the Parties. Nothing in this Section 7
shall relieve or otherwise limit the liability of any Party for any intentional breach of this Agreement prior to such termination. 

  
 4 

 8. No Solicitation. 

Subject to Section 9, each of the TK Parties shall not and shall use its reasonable best efforts to cause its
Affiliates and Representatives not to: (a) solicit, initiate, or knowingly facilitate any inquiries, proposal or offer or the making, submission, modification or amendment or announcement of any inquiry, proposal or offer which constitutes or
would be reasonably expected to lead to a Partnership Competing Proposal; (b) participate in or engage in any negotiations or discussions (other than to state that it is not permitted to have discussions) regarding, or furnish to any Person any
nonpublic information relating to the Partnership in connection with, any inquiry, proposal or offer which constitutes or would be reasonably expected to lead to a Partnership Competing Proposal; (c) publicly support or recommend any
Partnership Competing Proposal, (d) except with respect to any Partnership Competing Proposal that is the subject of a Partnership Change of Recommendation made in accordance with Section 5.2(d) of the Merger Agreement, fail to, following
the request of Parent to do so, promptly publicly and without qualification recommend against any Partnership Competing Proposal, or (e) enter into any letter of intent or other document or agreement relating to, or any agreement or commitment
providing for, any Partnership Competing Proposal. Notwithstanding the foregoing, the TK Parties may (and may permit their Affiliates and their and their Affiliates’ Representatives to) participate in discussions and negotiations with any
Person making a Partnership Competing Proposal (or its Representatives) with respect to such Partnership Competing Proposal if: (i) the Partnership or General Partner is engaging in discussions or negotiations with such Person pursuant to
Section 5.2(b) of the Merger Agreement and has not breached Section 5.2 of the Merger Agreement; and (ii) the TK Parties’ negotiations and discussions are in conjunction with and ancillary to the Partnership’s or the General
Partner’s discussions and negotiations. Each of TKC and TFL shall immediately cease, and cause its directors, officers and employees to cease, and shall use its reasonable best efforts to cause its Representatives to immediately cease, any and
all existing discussions or negotiations with any parties (or provision of any nonpublic information to any parties) conducted heretofore with respect to any Partnership Competing Proposal or Partnership Inquiry existing on the date hereof. 

9. No Agreement as Director or Officer. 

Each of the TK Parties makes no agreement or understanding in this Agreement in such TK Party’s capacity as a director or officer of the
Partnership or any of its subsidiaries (if such TK Party holds such office), and nothing in this Agreement: (a) will limit or affect any actions or omissions taken by a TK Party in unitholder’s capacity as such a director or officer,
including in exercising rights under the Merger Agreement, and no such actions or omissions shall be deemed a breach of this Agreement; or (b) will be construed to prohibit, limit, or restrict a TK Party from exercising a TK Party’s
fiduciary duties as an officer or director to the Partnership or the Partnership’s unitholders. 
 10. Further Assurances.

 Each of the TK Parties agrees, from time to time, and without additional consideration, to execute and deliver such additional
proxies, documents, and other instruments and to take all such further action as Parent may reasonably request to consummate and make effective the transactions contemplated by this Agreement. 

  
 5 

 11. Stop Transfer Instructions. 

At all times commencing with the execution and delivery of this Agreement and continuing until the Expiration Time, in furtherance of this
Agreement, each of the TK Parties hereby authorizes and instructs the Partnership or its counsel to notify the Partnership’s transfer agent that, subject to the exceptions set forth in Section 5, there is a stop
transfer order (the “Stop Transfer Order”) with respect to all of the Units (and that this Agreement places limits on the voting and transfer of the Units), subject to the provisions hereof and provided that any such stop transfer order
and notice will immediately be withdrawn and terminated by the Partnership following the Expiration Time. Each of the TK Parties shall authorize and instruct the Partnership to enter or cause its transfer agent to enter the Stop Transfer Order. 

12. Specific Performance. 

The rights and remedies of the Parties shall be cumulative with and not exclusive of any other remedy conferred hereby. Each Party hereto
acknowledges that it will be impossible to measure in money the damage to the other Party if a Party hereto fails to comply with any of the obligations imposed by this Agreement, that every such obligation is material and that, in the event of any
such failure, the other Party will not have an adequate remedy at Law or damages. Accordingly, each Party hereto agrees that injunctive relief or other equitable remedy, in addition to remedies at Law or damages, is the appropriate remedy for any
such failure and will not oppose the seeking of such relief on the basis that the other Party has an adequate remedy at Law. Each Party hereto agrees that it will not seek, and agrees to waive any requirement for, proof of actual damages or the
securing or posting of a bond in connection with the other Party’s seeking or obtaining such equitable relief. 
 13. Entire
Agreement. 
 This Agreement supersedes all prior agreements, written or oral, between the Parties hereto with respect to the subject
matter hereof and contains the entire agreement between the Parties with respect to the subject matter hereof. This Agreement may not be amended or supplemented, and no provisions hereof may be modified or waived, except by an instrument in writing
signed by both of the Parties hereto. No waiver of any provisions hereof by either Party shall be deemed a waiver of any other provisions hereof by such Party, nor shall any such waiver be deemed a continuing waiver of any provision hereof by such
Party. 
 14. Notices. 

All notices, requests, consents, claims, demands, waivers and other communications hereunder shall be in writing and shall be deemed to have
been given upon the earlier of actual receipt or: (a) when delivered by hand (providing proof of delivery); (b) when received by the addressee if sent by a nationally recognized overnight courier (receipt requested); or (c) on the date
sent by email if sent during normal business hours of the recipient, and on the next business day if sent after normal business hours of the recipient. Such communications must be sent to the respective Parties at the following addresses (or at such
other address for a Party as shall be specified in a notice given in accordance with this Section 14): 

  
 6 

 If to Parent: 

c/o Stonepeak Infrastructure Partners 

55 Hudson Yards 
 550 W 34th
Street, 48th Floor 
 New York, NY 10001 

	 	Attention:	 James Wyper, Senior Managing Director 

Adrienne Saunders, General Counsel 

	 	Email:	 wyper@stonepeakpartners.com 

saunders@stonepeakpartners.com; 

legalandcompliance@stonepeakpartners.com 

Copy to: 
 Simpson Thacher & Bartlett
LLP 
 425 Lexington Avenue 

New York, NY 100017 

	 	Attention:	 Brian Chisling 

	 	Email:	 bchisling@stblaw.com 

If to a TK Party: 
 Teekay
Corporation 
 Suite 2000, 550 Burrard Street 

Vancouver, BC, V6C 2K2     

Attention: Arthur Bensler 
 Email:
art.bensler@teekay.com 
 Copy to: 

Squire Patton Boggs (US) LLP 

1211 Avenue of the Americas, 26th Floor 

New York, NY 10036 
 Attention:
Michael E. Helmer 
 Email: michael.helmer@squirepb.com 

15. Miscellaneous. 

(a) Governing Law. This Agreement, and all legal actions (whether based on contract, tort, or statute) arising out of or
relating to, or in connection with this Agreement or the actions of any of the Parties in the negotiation, administration, performance, or enforcement hereof, shall be governed by and construed in accordance with the internal laws of the State of
Delaware without giving effect to any choice or conflict of law 

  
 7 

 
provision or rule (whether of the State of Delaware or any other jurisdiction) that would cause the application of Laws of any jurisdiction other than those of the State of Delaware, except
(i) to the extent that the law of the Republic of the Marshall Islands is mandatorily applicable to the Merger or this Agreement and (ii) all matters relating to the duties of the General Partner Board of Directors shall be subject to the
laws of the Republic of the Marshall Islands. 
 (b) Submission to Jurisdiction. Each of the Parties hereto
irrevocably agrees that any legal action with respect to this Agreement and the rights and obligations arising hereunder, or for recognition and enforcement of any judgment in respect of this Agreement and the rights and obligations arising
hereunder brought by the other Party hereto or its successors or assigns shall be brought and determined exclusively in the Court of Chancery of the State of Delaware, or in the event (but only in the event) that such court does not have subject
matter jurisdiction over such legal action, in the Superior Court of the State of Delaware (Complex Commercial Division). Each of the Parties hereto agrees that service of process or other papers in connection with any such legal action in the
manner provided for notices in Section 14 or in such other manner as may be permitted by applicable Laws, will be valid and sufficient service thereof. Each of the Parties hereto hereby irrevocably submits with regard to
any such legal action for itself and in respect of its property, generally and unconditionally, to the personal jurisdiction of the aforesaid courts and agrees that it will not bring any action relating to this Agreement or any of the transactions
contemplated by this Agreement in any court or tribunal other than the aforesaid courts. Each of the Parties hereto hereby irrevocably waives, and agrees not to assert, by way of motion, as a defense, counterclaim, or otherwise, in any legal action
with respect to this Agreement and the rights and obligations arising hereunder, or for recognition and enforcement of any judgment in respect of this Agreement and the rights and obligations arising hereunder: (i) any claim that it is not
personally subject to the jurisdiction of the above named courts for any reason other than the failure to serve process in accordance with this Section 15(b); (ii) any claim that it or its property is exempt or immune from jurisdiction of any
such court or from any legal process commenced in such courts (whether through service of notice, attachment prior to judgment, attachment in aid of execution of judgment, execution of judgment, or otherwise); and (iii) to the fullest extent
permitted by the applicable Law, any claim that (x) the suit, action, or proceeding in such court is brought in an inconvenient forum, (y) the venue of such suit, action, or proceeding is improper, or (z) this Agreement, or the
subject matter hereof, may not be enforced in or by such courts. 
 (c) Waiver of Jury Trial. EACH PARTY ACKNOWLEDGES
AND AGREES THAT ANY CONTROVERSY WHICH MAY ARISE UNDER THIS AGREEMENT IS LIKELY TO INVOLVE COMPLICATED AND DIFFICULT ISSUES AND, THEREFORE, EACH SUCH PARTY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF
ANY LEGAL ACTION ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT. EACH PARTY TO THIS AGREEMENT CERTIFIES AND ACKNOWLEDGES THAT: (A) NO REPRESENTATIVE OF ANY OTHER PARTY

  
 8 

 
HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT SEEK TO ENFORCE THE FOREGOING WAIVER IN THE EVENT OF A LEGAL ACTION; (B) SUCH PARTY HAS CONSIDERED THE IMPLICATIONS
OF THIS WAIVER; (C) SUCH PARTY MAKES THIS WAIVER VOLUNTARILY; AND (D) SUCH PARTY HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 15(C). 

(d) Expenses. All costs and expenses incurred in connection with this Agreement shall be paid by the Party incurring
such cost or expense, whether or not the Merger is consummated. 
 (e) Severability. If any term or provision of this
Agreement is deemed invalid, illegal, or unenforceable in any jurisdiction, such invalidity, illegality, or unenforceability shall not affect any other term or provision of this Agreement or invalidate or render unenforceable such term or provision
in any other jurisdiction. Upon such determination that any term or other provision is invalid, illegal, or unenforceable, the Parties shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as
closely as possible in a mutually acceptable manner in order that the transactions contemplated hereby be consummated as originally contemplated to the greatest extent possible. 

(f) Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an
original but all of which together shall constitute one and the same instrument. 
 (g) Section Headings. All section
headings herein are for convenience of reference only and are not part of this Agreement, and no construction or reference shall be derived therefrom. 

(h) Assignment. Neither Party to this Agreement may assign any of its rights or obligations under this Agreement without
the prior written consent of the other Party hereto, except that Parent may assign, in its sole discretion, all or any of its rights, interests and obligations hereunder to any of its Affiliates. Subject to the preceding sentence, this Agreement
will be binding upon, inure to the benefit of and be enforceable by the Parties and their respective permitted successors and assigns. Any assignment contrary to the provisions of this Section 15(h) shall be null and void. 

(i) No Third-Party Beneficiaries. Nothing in this Agreement, express or implied, is intended to or shall confer upon any
Person other than the Parties and their respective successors and permitted assigns any legal or equitable right, benefit, or remedy of any nature under or by reason of this Agreement. 

  
 9 

 (j) Disclosure. The TK Parties hereby authorize the Partnership and
Parent to publish and disclose in any announcement or disclosure required by the SEC the TK Parties’ identities and ownership of the Units and the nature of the TK Parties’ obligations under this Agreement; provided, that prior to any such
publication or disclosure the Partnership and Parent have provided TKC with an opportunity to review and comment upon such announcement or disclosure, which comments the Partnership and Parent will consider in good faith. 

[SIGNATURE PAGE FOLLOWS] 

  
 10 

 IN WITNESS WHEREOF, the Parties hereto have executed and delivered this Agreement as of the
date first written above. 
  

			
	STONEPEAK INFRASTRUCTURE FUND IV CAYMAN (AIV III) LP
	
	By: Stonepeak Infrastructure Fund IV Cayman LP, its general partner
	
	By: Stonepeak Infrastructure Fund IV Cayman Ltd, its general partner
		
	By:	 	 /s/ James Wyper

	Name: James Wyper
	Title: Senior Managing Director

 [Signature Page to Voting and Support Agreement] 

 
			
	TEEKAY CORPORATION
		
	By	 	 /s/ Kenneth Hvid

	Name: Kenneth Hvid
	Title: President and Chief Executive Officer
	
	Number of Units of Partnership Common Units Directly Beneficially Owned as of the date of this Agreement:100
	
	Number of Units of Partnership Common Units Indirectly Beneficially Owned (through TFL) as of the date of this Agreement: 35,958,274
	
	TEEKAY FINANCE LIMITED
		
	By	 	 /s/ N. Angelique Burgess

	Name: N. Angelique Burgess
	Title: Director and President
	
	Number of Units of Partnership Common Units Directly Beneficially Owned as of the date of this Agreement: 35,958,274

 [Signature Page to Voting and Support Agreement]

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