Document:

EX-10.1

 Exhibit 10.1 

Execution Version 

Targa Resources Partners LP 

and 
 Targa Resources
Partners Finance Corporation 
 $1,000,000,000 

5.125% Senior Notes Due 2025 

5.375% Senior Notes Due 2027 

PURCHASE AGREEMENT 

September 22, 2016 
 WELLS
FARGO SECURITIES, LLC 
 As representative of the 

several Initial Purchasers listed 
 in Schedule 1A and Schedule 1B
hereto 
 c/o Wells Fargo Securities, LLC 
 375 Park Avenue

 New York, New York 10152 
 Ladies and Gentlemen: 

Targa Resources Partners LP, a limited partnership organized under the laws of Delaware (the “Partnership”), along with Targa
Resources Partners Finance Corporation, a Delaware corporation (“Finance Co” and, together with the Partnership, the “Issuers”), hereby confirm their agreement with (i) the several Initial Purchasers listed in
Schedule 1A hereto (the “2025 Initial Purchasers”) and (ii) the several Initial Purchasers listed in Schedule 1B hereto (the “2027 Initial Purchasers” and, together with the 2025 Initial Purchasers,
the “Initial Purchasers”), in each case, for whom Wells Fargo Securities, LLC is acting as representative (the “Representative”) as set forth below. 

Targa Resources GP LLC, a Delaware limited liability company (the “General Partner”), owns a 2% general partnership interest
in the Partnership. The Partnership’s direct or indirect majority-owned subsidiaries are listed in Schedule 2 hereto and are referred to herein as the “Subsidiaries”; and the Subsidiaries listed in Schedule 3
hereto are referred to herein as the “Non-Guarantor Subsidiaries.” 
 Section 1.    The
Securities. Subject to the terms and conditions herein contained, the Issuers propose to issue and sell (i) to the 2025 Initial Purchasers $500,000,000 aggregate principal amount of their 5.125% Senior Notes due 2025 (the “2025
Notes”) and (ii) to 

 
the 2027 Initial Purchasers $500,000,000 aggregate principal amount of their 5.375% Senior Notes due 2027 (the “2027 Notes” and, together with the 2025 Notes, the
“Notes”), which, in each case, will be unconditionally guaranteed on a senior basis as to principal, premium, if any, and interest (the “Guarantees”) by the Subsidiaries of the Partnership named in Schedule 4
hereto (each individually, a “Guarantor” and collectively, the “Guarantors” and, together with the entities named in Schedule 5 hereto, the “Material Subsidiaries”). The Notes are to be
issued under an indenture (the “Indenture”) to be dated as of October 6, 2016, by and among the Issuers, the Guarantors and U.S. Bank National Association, as Trustee (the “Trustee”). 

The Notes will be offered and sold to the Initial Purchasers without being registered under the Securities Act of 1933, as amended (the
“Act”), in reliance on exemptions therefrom. 
 In connection with the sale of the Notes, the Issuers have prepared a
preliminary offering memorandum dated September 22, 2016 (including any documents incorporated therein by reference, the “Preliminary Memorandum”) setting forth or including a description of the terms of the Notes, the
terms of the offering of the Notes, a description of the Partnership and any material developments relating to the Partnership after the date of the most recent historical financial statements included therein. As used herein, “Pricing
Disclosure Package” shall mean the Preliminary Memorandum, as supplemented or amended by the written communications listed on Annex A hereto in the most recent form that has been prepared and delivered by the Issuers to the Initial
Purchasers in connection with their solicitation of offers to purchase Notes prior to the time when sales of the Notes were first made (the “Time of Execution”). Promptly after the Time of Execution and in any event no later
than the second Business Day following the Time of Execution, the Issuers will prepare and deliver to each Initial Purchaser a final offering memorandum (including any documents incorporated therein by reference, the “Final
Memorandum”), which will consist of the Preliminary Memorandum with such changes therein as are required to reflect the information contained in the amendments or supplements listed on Annex A hereto. The Issuers hereby confirm
that each of the Issuers has authorized the use of the Pricing Disclosure Package, the Final Memorandum and the Recorded Road Show (defined below) in connection with the offer and sale of the Notes by the Initial Purchasers. 

All references in this Agreement to financial statements and schedules and other information which are “contained,”
“included” or “stated” in the Offering Memorandum (as defined below) (or other references of like import) shall be deemed to mean and include all such financial statements and schedules and other information which are
incorporated by reference in the Offering Memorandum; and all references in this Agreement to amendments or supplements to the Offering Memorandum shall be deemed to mean and include the filing of any document under the Securities Exchange Act of
1934 (the “Exchange Act”) which is incorporated by reference in the Offering Memorandum. 
 The Initial Purchasers and
their direct and indirect transferees of each of the 2025 Notes and 2027 Notes will be entitled to the benefits of a Registration Rights Agreement (the “Registration Rights Agreements”), pursuant to which the Issuers and the
Guarantors will agree, among other things, to file a registration statement (the “Registration Statements”) with the Securities and Exchange Commission (the “Commission”) registering the 2025 Notes or the 2027
Notes, as applicable, or the Exchange Notes (as defined in the Registration Rights 

  
 2 

 
Agreements) under the Act, unless (i) the 2025 Notes or 2027 Notes, as applicable, are freely transferable without volume restrictions by holders that are not affiliates of the Issuers in
accordance with Rule 144 (or any similar provision then in effect), (ii) the 2025 Notes or the 2027 Notes, as applicable, do not bear a restrictive legend and (iii) the 2025 Notes or the 2027 Notes, as applicable, do not bear a restricted CUSIP
number as of the 370th day after the Closing Date. 
 Section
2.    Representations and Warranties. As of the Time of Execution and at the Closing Date, the Issuers and the Guarantors jointly and severally represent and warrant to and agree with each of the Initial Purchasers as
follows (references in this Section 2 to the “Offering Memorandum” are to (i) the Pricing Disclosure Package in the case of representations and warranties made as of the Time of Execution and (ii) both the Pricing Disclosure Package
and the Final Memorandum in the case of representations and warranties made at the Closing Date): 

(a)    The Preliminary Memorandum, on the date thereof, did not contain any untrue statement of a material
fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading. At the Time of Execution, the Pricing Disclosure Package did not, and on the Closing
Date, will not, and the Final Memorandum as of its date and on the Closing Date will not contain any untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances
under which they were made, not misleading; provided, however, that the Issuers and the Guarantors make no representation or warranty as to the information contained in or omitted from the Pricing Disclosure Package and Final
Memorandum, in reliance upon and in conformity with information furnished in writing to the Partnership by or on behalf of the Initial Purchasers through the Representative specifically for inclusion therein. The Issuers and the Guarantors have
not distributed or referred to and will not distribute or refer to any written communications (as defined in Rule 405 of the Act) that constitute an offer to sell or solicitation of an offer to buy the Notes (each such communication by the Issuers
and the Guarantors or each of their agents and representatives (other than the Pricing Disclosure Package and Final Memorandum) an “Issuer Written Communication”) other than the Pricing Disclosure Package, the Final Memorandum and
the recorded electronic road show made available to investors (the “Recorded Road Show”). Any information in an Issuer Written Communication that is not otherwise included in the Pricing Disclosure Package and the Final
Memorandum does not conflict with the Pricing Disclosure Package or the Final Memorandum and, each Issuer Written Communication, when taken together with the Pricing Disclosure Package does not at the Time of Execution and when taken together with
the Final Memorandum at the Closing Date will not, contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made,
not misleading. 
 (b)    Each of the Partnership, the General Partner and the Material Subsidiaries has
been duly organized or formed and is validly existing as a limited partnership or limited liability company, as applicable, in good standing under the laws of the jurisdiction set forth opposite its name in Schedule 2 attached hereto, with
full power and 

  
 3 

 
authority to own or lease its properties and to conduct its business, in each case as described in the Offering Memorandum in all material respects. Each of the Partnership, the General Partner
and the Material Subsidiaries is duly registered or qualified to do business as a foreign limited partnership or limited liability company, as applicable, and is in good standing under the laws of each jurisdiction which requires such registration
or qualification, except where the failure to be so registered or qualified would not reasonably be expected to have a Material Adverse Effect. “Material Adverse Effect” shall mean a material adverse effect on (i) the business or
properties, earnings, condition (financial or otherwise) or prospects, taken as a whole, of the Partnership and its Subsidiaries, considered as one enterprise, whether or not in the ordinary course of business, or (ii) the ability of each Issuer and
each Guarantor to perform its obligations under the Notes. 
 (c)    Finance Co has been duly
incorporated and is validly existing as a corporation in good standing under the laws of the State of Delaware. 

(d)    The General Partner is the sole general partner of the Partnership with an approximate 2.0% general
partner interest in the Partnership, taking into account the general partner interests which will be issued on or before a record date, end of a month or end of a quarter pursuant to Section 5.2(c) of the Partnership Agreement; such general partner
interest has been duly and validly authorized and issued in accordance with the agreement of limited partnership of the Partnership (as the same has been amended or restated, the “Partnership Agreement”); and the General Partner
owns such general partner interest free and clear of all liens, encumbrances, security interests, charges or other claims (“Liens”) other than (i) those created by or arising under the Delaware Revised Uniform Limited Partnership
Act (the “Delaware LP Act”) or the Partnership Agreement, (ii) restrictions on transferability and other Liens described in the Offering Memorandum, (iii) those arising under that certain Second Amended and Restated Credit
Agreement, dated October 3, 2012, by and among the Partnership, Bank of America, N.A., as administrative agent, collateral agent, swing line lender and L/C issuer, and other lenders named therein (as amended by the First Amendment, Waiver and
Incremental Commitment Agreement, dated as of February 23, 2015, by and among the Partnership, Bank of America, N.A. and the other parties signatory thereto, and as further supplemented, amended or restated and together with the agreements, exhibits
and attachments contemplated or included therein, the “Partnership Credit Agreement”), or (iv) those arising under the Credit Agreement, dated February 27, 2015, by and among Targa Resources Corp., Bank of America, N.A. as
administrative agent, collateral agent, swing line lender and letter of credit issuer and each lender from time to time party thereto (the “TRC Credit Agreement”). 

(e)    All of the issued and outstanding equity interests of each Material Subsidiary (i) have been duly
authorized and validly issued (in accordance with the limited partnership or limited liability company agreement (collectively, the “Organizational Agreements”) or the certificate of limited partnership, formation or conversion or
other similar organizational document (in each case as in effect on the date hereof and as the same has been amended or restated) (collectively with the Organizational Agreements, the “Material Subsidiary Organizational Documents”),
as 

  
 4 

 
applicable, of such Material Subsidiary), are fully paid (except in the case of an interest in a limited partnership or limited liability company, to the extent required under the Organizational
Documents of such Material Subsidiary) and nonassessable (except as such nonassessability may be affected by Sections 17-607 and 17-804 of the Delaware LP Act or Sections 18-607 and 18-804 of the Delaware Limited Liability Company Act (the
“Delaware LLC Act”), as applicable), other than equity interests that are not owned, directly or indirectly, by the Partnership, and (ii) other than Cedar Bayou Fractionators, L.P., a Delaware limited partnership (“CBF”),
Targa Pipeline Mid-Continent WestOk LLC, a Delaware limited liability company (“WestOk”) and Targa Pipeline Mid-Continent WestTex LLC, a Delaware limited liability company (“WestTex”), are owned, directly or indirectly, by the
Partnership, free and clear of all Liens, other than those arising under the Partnership Credit Agreement and the applicable Material Subsidiary Organizational Documents. The Partnership owns, directly or indirectly, (A) an 88.24% interest in CBF,
(B) all of the outstanding Class B Units in WestOk and (C) all of the outstanding Class B Units in WestTex, in each case free and clear of all Liens except those arising under the Partnership Credit Agreement and the applicable Organizational
Documents. The Subsidiaries other than the Material Subsidiaries did not, individually or in the aggregate, account for (x) more than 10% of the total assets of the Subsidiaries, taken as a whole, as of June 30, 2016 or (y) more than 10% of the net
income of the Partnership and the Subsidiaries, taken as a whole, for the six months ended June 30, 2016. 

(f)    The authorized, issued and outstanding equity interests of the Partnership are as set forth in the
Offering Memorandum as of the dates specified therein. All of the issued equity interests of the Partnership and all of the issued shares of capital stock of Finance Co have been duly authorized and validly issued and are fully paid (to the
extent required in the Partnership Agreement with respect to the Partnership) and nonassessable (except as such nonassessability may be affected by Sections 17-607 and 17-804 of the Delaware LP Act with respect to the Partnership); and none of the
outstanding equity interests of the Partnership and none of the outstanding shares of capital stock of Finance Co were issued in violation of the preemptive or other similar rights of any security holder of the Partnership or Finance Co,
respectively. 
 (g)    Except as otherwise disclosed in the Offering Memorandum and except with respect
to the incentive distribution rights held by the General Partner, there are no outstanding (i) securities or obligations of the Partnership convertible into or exchangeable for any equity interests of the Partnership, (ii) warrants, rights or
options to subscribe for or purchase from the Partnership any such equity interests or any such convertible or exchangeable securities or obligations or (iii) obligations of the Partnership to issue any such equity interests, any such convertible or
exchangeable securities or obligations, or any such warrants, rights or options. 
 (h)    Each of the
Issuers and each Guarantor has all requisite corporate, partnership or limited liability company power and authority to execute, deliver and perform each of its obligations under the Notes, the Exchange Notes and the Private Exchange Notes (as
defined in the Registration Rights Agreements). The Notes, the Exchange Notes and the Private Exchange Notes have each been duly authorized by the 

  
 5 

 
Issuers and, when executed by each of the Issuers and authenticated by the Trustee in accordance with the provisions of the Indenture and, in the case of the Notes, when delivered to and paid for
by the Initial Purchasers in accordance with the terms of this Agreement, and, in the case of any Exchange Notes or Private Exchange Notes, when issued in exchange for the Notes as provided in the Registration Rights Agreements, will constitute
valid and legally binding obligations of each of the Issuers, entitled to the benefits of the Indenture, and enforceable against each of the Issuers in accordance with their terms, except that the enforcement thereof may be subject to
(i) bankruptcy, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect relating to creditors’ rights generally, and (ii) general principles of equity and the discretion of the court before which any
proceeding therefor may be brought (collectively, the “Enforceability Exceptions”). The Guarantees have been duly authorized and, upon the due issuance and delivery of the related Notes and the due endorsement of the notations of
Guarantee thereon, will constitute valid and legally binding obligations of each Guarantor, enforceable against each Guarantor in accordance with their terms, except that the enforcement thereof may be subject to the Enforceability Exceptions, and
will be entitled to the benefits of the Indenture. 
 (i)    Each of the Issuers and each Guarantor has
all requisite corporate, partnership or limited liability company power and authority to execute, deliver and perform each of its obligations under the Indenture. The Indenture meets the requirements for qualification under the Trust Indenture
Act of 1939, as amended (the “TIA”). The Indenture has been duly authorized by each of the Issuers and Guarantors and, when executed and delivered by each of the Issuers and each Guarantor (assuming the due authorization,
execution and delivery by the Trustee), will constitute a valid and legally binding agreement of each of the Issuers and each Guarantor, enforceable against each of the Issuers and each Guarantor in accordance with its terms, except that the
enforcement thereof may be subject to the Enforceability Exceptions. 
 (j)    Each of the Issuers and
each Guarantor has all requisite corporate, partnership or limited liability company power and authority to execute, deliver and perform each of its obligations under the Registration Rights Agreements. The Registration Rights Agreements have
been duly authorized by the Issuers and the Guarantors and, when executed and delivered by each of the Issuers and each Guarantor (assuming the due authorization, execution and delivery by the Initial Purchasers), will constitute valid and legally
binding agreements of each of the Issuers and each Guarantor, enforceable against each of the Issuers and each Guarantor in accordance with their terms, except that (A) the enforcement thereof may be subject to the Enforceability Exceptions and
(B) any rights to indemnity or contribution thereunder may be limited by federal and state securities laws and public policy considerations. 

(k)    Each of the Issuers and each Guarantor has all requisite corporate, partnership or limited liability
company power and authority to execute, deliver and perform each of its obligations under this Agreement and to consummate the transactions contemplated hereby. This Agreement and the consummation by each of the Issuers and each Guarantor of
the transactions contemplated hereby have been duly authorized by each of the Issuers and each Guarantor. This Agreement has been duly executed and delivered by each of the Issuers and each Guarantor. 

  
 6 

 (l)    No permit, consent, approval, authorization, order,
registration, filing or qualification (“Permits”) of or with any court or governmental agency or body having jurisdiction over any of the Issuers or any Material Subsidiary or any of their respective properties or assets is required
in connection with the issuance and sale by the Issuers of the Notes to the Initial Purchasers or the consummation by the Issuers of the other transactions contemplated hereby, except (i) such Permits as may be required under the Act, the Exchange
Act and state securities or “Blue Sky” laws of any jurisdiction, (ii) such Permits as have been obtained or will be obtained prior to the Closing Date, (iii) such Permits that, if not obtained, could not, individually or in the aggregate,
reasonably be expected to have a Material Adverse Effect and (iv) such Permits as are disclosed in the Offering Memorandum. 

(m)    Neither of the Issuers nor any Material Subsidiary is in (i) violation of its Organizational
Documents, (ii) violation of any statute, law, rule or regulation, or any judgment, order, injunction or decree of any court, governmental agency or body or arbitrator having jurisdiction over any of the Issuers or Material Subsidiaries or any of
their respective properties or assets or (iii) breach, default (or an event which, with notice or lapse of time or both, would constitute such an event) or violation in the performance of any obligation, agreement or condition contained in any
indenture, mortgage, deed of trust, loan agreement, lease or other agreement or instrument to which it is a party or by which it or any of its properties may be bound, which in the case of either clause (ii) or (iii) would, if continued, have a
Material Adverse Effect. 
 (n)    None of (i) the execution, delivery and performance by either of the
Issuers or any Guarantor of this Agreement, the Indenture and the Registration Rights Agreements or (ii) the consummation by either of the Issuers or any Guarantor of the transactions contemplated hereby (including, without limitation, the issuance
and sale of the Notes to the Initial Purchasers) (A) conflicts or will conflict with or constitutes or will constitute a violation of the Organizational Documents of either of the Issuers or any Guarantor, (B) conflicts or will conflict with or
constitutes or will constitute a breach or violation of, or a default (or an event that, with notice or lapse of time or both, would constitute such a default) under any indenture, mortgage, deed of trust, loan agreement, lease or other agreement or
instrument to which either of the Issuers or any Guarantor is a party or by which any of them or any of their respective properties may be bound, or (C) (assuming compliance with all applicable state securities or “Blue Sky” laws and
assuming the accuracy of the representations and warranties of the Initial Purchasers in Section 8 hereof) violates or will violate any statute, judgment, decree, order, rule or regulation applicable to either of the Issuers or any Guarantor or
any of their respective properties or assets, except, with respect to clauses (B) and (C) only, for any such conflict, breach or violation that would not, individually or in the aggregate, have a Material Adverse Effect or materially impair the
ability of the Issuers or the Guarantors, as applicable, to consummate the transactions contemplated by this Agreement. 

  
 7 

 (o)    The Partnership Agreement has been duly authorized,
executed and delivered by the General Partner, and is a valid and legally binding agreement of the General Partner, enforceable against the General Partner in accordance with its terms; provided, that, with respect to the Partnership
Agreement, the enforceability thereof may be limited by the Enforceability Exceptions; provided, further, that the indemnity, contribution and exoneration provisions contained in any of such agreements may be limited by applicable laws
and public policy. 
 (p)    The Organizational Agreements of the Material Subsidiaries, as applicable,
have been duly authorized, executed and delivered by the parties thereto, and are valid and legally binding agreements of such parties, enforceable against such parties in accordance with their terms; provided, that, with respect to such
agreements, the enforceability thereof may be limited by the Enforceability Exceptions; provided, further; that the indemnity, contribution and exoneration provisions contained in any of such agreements may be limited by applicable laws and
public policy. 
 (q)    The historical consolidated financial statements of the Partnership and its
Subsidiaries included in the Offering Memorandum present fairly in all material respects the financial position, results of operations and cash flows of the Partnership and its consolidated Subsidiaries purported to be shown thereby on the basis
stated therein at the respective dates or for the respective periods to which they apply, and have been prepared in accordance with generally accepted accounting principles consistently applied throughout the periods involved, except to the extent
disclosed therein. The summary and selected financial, statistical and operating information in the Offering Memorandum is accurately presented in all material respects and prepared on a basis consistent with the audited and unaudited
historical consolidated financial statements, as applicable, from which it has been derived. PricewaterhouseCoopers LLP (the “Independent Accountants”), which has certified certain financial statements of the Partnership and
its Subsidiaries and delivered its report with respect to the audited consolidated financial statements incorporated by reference in the Offering Memorandum, is an independent public accounting firm within the meaning of the Act and the rules and
regulations promulgated thereunder. The interactive data in eXtensbile Business Reporting Language included or incorporated by reference in the Pricing Disclosure Package and the Final Memorandum fairly presents the information called for in
all material respects and has been prepared in accordance with the Commission’s rules and guidelines applicable thereto in all material respects. 

(r)    Except as set forth or contemplated in the Offering Memorandum, there is (i) no action, suit or
proceeding before or by any court, arbitrator or governmental agency, body or official, domestic or foreign, now pending or, to the knowledge of the Partnership, threatened, to which any of the Issuers or Material Subsidiaries is or may be a party
or to which the business or property of any of the Issuers or Material Subsidiaries is or may be subject, (ii) to the knowledge of the Partnership, no statute, rule, regulation or order that has been enacted, adopted or issued by any governmental
agency and (iii) no injunction, restraining order or order of any nature issued by a federal or state court or foreign court of competent jurisdiction to which any of the Issuers or Material Subsidiaries is or may be subject, that, in the case of
clauses (i), (ii) and (iii) above, is 

  
 8 

 
reasonably expected to (A) individually or in the aggregate have a Material Adverse Effect, (B) prevent the consummation of the issuance or sale of the Notes to be sold hereunder, or (C) draw
into question the validity of this Agreement. 
 (s)    Each of the Issuers and the Material Subsidiaries
possesses such permits, licenses, approvals, consents and other authorizations (collectively, “Governmental Licenses”) issued by the appropriate federal, state, local or foreign regulatory agencies or bodies necessary to conduct
their respective businesses, except where the failure so to possess would not, individually or in the aggregate, result in a Material Adverse Effect; each of the Issuers and each Material Subsidiary is in compliance with the terms and conditions of
all such Governmental Licenses, except where the failure so to comply would not, individually or in the aggregate, result in a Material Adverse Effect; all of the Governmental Licenses are valid and in full force and effect, except when the
invalidity of such Governmental Licenses or the failure of such Governmental Licenses to be in full force and effect would not, individually or in the aggregate, result in a Material Adverse Effect; and except as described in the Offering
Memorandum, neither of the Issuers and no Material Subsidiary has received any notice of proceedings relating to the revocation or modification of any such Governmental Licenses which, individually or in the aggregate, if the subject of an
unfavorable decision, ruling or finding, would result in a Material Adverse Effect. 
 (t)    Since the
date of the most recent financial statements appearing in the Offering Memorandum and except as set forth or contemplated in the Offering Memorandum, (i) none of the Issuers or the Material Subsidiaries has incurred any liabilities or
obligations, direct or contingent, or entered into or agreed to enter into any transactions or contracts (written or oral) not in the ordinary course of business, which liabilities, obligations, transactions or contracts would, individually or in
the aggregate, be material to the general affairs, management, business, condition (financial or otherwise), prospects or results of operations of the Partnership and its Subsidiaries, taken as a whole and (ii) the Partnership has not purchased
any of its outstanding equity interests, nor declared, paid or otherwise made any distribution of any kind on its equity interests (other than (A) the Partnership’s quarterly distributions, (B) with respect to any of the Subsidiaries, the
purchase of, or dividend or distribution on, capital stock or equity interests owned by the Partnership and (C) distribution equivalent rights on any of the Partnership’s equity-based awards). 

(u)    Except as set forth or contemplated in the Offering Memorandum, each of the Issuers and the Material
Subsidiaries has filed all foreign, federal, state and local tax returns that are required to be filed or has requested extensions thereof, except in any case in which the failure so to file, individually or in the aggregate, would not have a
Material Adverse Effect, and has paid all taxes required to be paid by it and any other assessment, fine or penalty levied against it, to the extent that any of the foregoing is due and payable, except for any such tax, assessment, fine or penalty
that is currently being contested in good faith or as, individually or in the aggregate, would not have a Material Adverse Effect. 

  
 9 

 (v)    Immediately after the consummation of the transactions
contemplated by this Agreement, the fair value and present fair saleable value of the assets of each of the Issuers and the Material Subsidiaries (each on a consolidated basis) will exceed the sum of its stated liabilities and identified contingent
liabilities. Each of the Issuers and the Guarantors is not now nor, after giving effect to the issuance of the Notes and the execution, delivery and performance of this Agreement, the Registration Rights Agreements and the Indenture and the
consummation of the transactions contemplated thereby or described in the Offering Memorandum, will be (i) insolvent, (ii) left with unreasonably small capital with which to engage in its anticipated business or (iii) incurring debts or other
obligations beyond its ability to pay such debts or obligations as they become due. 
 (w)    Any
statistical and market-related data included in the Offering Memorandum are based on or derived from sources that each of the Issuers and the Guarantors believe to be reliable and accurate, and the Issuers have obtained the written consent to the
use of such data from such sources to the extent required. 
 (x)    Each of the Issuers and the Material
Subsidiaries has good and marketable title to all real property and good title to all personal property described in the Offering Memorandum as being owned by it free and clear of all Liens, except (i) as described, and subject to limitations
contained, in the Offering Memorandum, (ii) Liens that arise under the Partnership Credit Agreement or the TRC Credit Agreement or (iii) to the extent the failure to have such title or the existence of such Liens would not, individually or in the
aggregate, have a Material Adverse Effect; provided that, with respect to any real property and buildings held under lease by the Partnership and the Material Subsidiaries, such real property and buildings are held under valid and subsisting
and enforceable leases with such exceptions as do not materially interfere with the use of the properties of the Partnership and the Material Subsidiaries taken as a whole as they have been used in the past as described in the Offering Memorandum
and are proposed to be used in the future as described in the Offering Memorandum, except to the extent the failure to hold such valid and subsisting and enforceable leases would not, individually or in the aggregate, have a Material Adverse Effect.

 (y)    The Partnership and the Material Subsidiaries have such easements or rights-of-way
(collectively, “rights-of-way”) as are necessary to conduct their business in the manner described, and subject to the limitations contained, in the Offering Memorandum, except for (i) qualifications, reservations and encumbrances
that would not have, individually or in the aggregate, a Material Adverse Effect, (ii) such rights-of-way that, if not obtained, would not have, individually or in the aggregate, a Material Adverse Effect and (iii) rights-of-way held by
affiliates of the Partnership as nominee for the benefit of the Partnership and the Material Subsidiaries. 

(z)    Except for such exceptions that would not reasonably be expected to result in a Material Adverse
Effect, (i) each of the Issuers and each Material Subsidiary owns or possesses, or can acquire or use on reasonable terms, adequate patents, patents rights, licenses, inventions, copyrights, know-how (including trade secrets and other unpatented
and/or unpatentable proprietary or confidential information, systems or procedures), 

  
 10 

 
trademarks, service marks, trade names or other intellectual property (collectively, “Intellectual Property”) necessary to carry out their respective businesses now or proposed
to be operated by them as described in the Offering Memorandum, and (ii) each of the Issuers and each Material Subsidiary has not received any notice and is not otherwise aware of any infringement of or conflict with asserted rights of others with
respect to any Intellectual Property or of any facts or circumstances that would render any Intellectual Property invalid or inadequate to protect any of its interest therein. 

(aa)    There are no legal or governmental proceedings pending or, to the knowledge of the Partnership,
threatened or contemplated, against either of the Issuers or the Material Subsidiaries or any of their respective properties or assets that would be required to be described in a prospectus pursuant to the Act that are not described in the Offering
Memorandum, nor are there any agreements, contracts, indentures, leases or other instruments that would be required to be described in a prospectus pursuant to the Act that are not described in the Offering Memorandum. Except as set forth or
contemplated in the Offering Memorandum, to the knowledge of the Partnership, no legal or governmental proceedings are pending or threatened to which either of the Issuers or any of the Material Subsidiaries is a party or to which the property or
assets of the Issuers or any Material Subsidiary is subject that, if determined adversely to the Issuers or the Material Subsidiaries, could be reasonably expected to result, individually or in the aggregate, in a Material Adverse Effect. 

(bb)    The Partnership is in compliance in all material respects with all applicable provisions of the
Sarbanes Oxley Act of 2002 and the rules and regulations promulgated in connection therewith (the “Sarbanes Oxley Act”). 

(cc)    Except as disclosed in the Offering Memorandum and as would not, individually or in the aggregate,
result in a Material Adverse Effect: (i) the Partnership and the Material Subsidiaries are and, during the relevant time periods specified in all applicable statutes of limitation, have been in compliance with applicable Environmental Laws (as
defined below); (ii) the Partnership and the Material Subsidiaries have obtained and are in compliance with all Environmental Permits (as defined below) required of them under applicable Environmental Laws to conduct the Partnership’s business
as presently conducted; (iii) none of the Partnership or the Material Subsidiaries has received any written notice of an action, suit, demand, claim, hearing, notice of violation or investigation, or proceeding, which matter remains unresolved and
alleges liability of the Partnership or any Material Subsidiary under, or violation by the Partnership or any Material Subsidiary of, any Environmental Law, and to the knowledge of the Partnership, no facts, circumstances or conditions exist that
would reasonably be expected to result in the receipt of such notice; and (iv) to the knowledge of the Partnership, there are no releases of Hazardous Materials (as defined below) that would reasonably be expected to give rise to liabilities or
obligations under any Environmental Law. 
 For purposes of this Agreement: (i) “Environmental Law” means all federal,
state and local laws, rules (including but not limited to rules of common law), regulations, ordinances, orders, decrees and other legally-enforceable requirements of any governmental entity relating to pollution, protection of human health (to the
extent 

  
 11 

 
relating to exposure to Hazardous Materials) or the Environment, including those relating to the generation, storage, treatment, disposal, transport or release of Hazardous Materials; (ii)
“Hazardous Materials” means any pollutant or contaminant, chemical, material, waste or substance in any form regulated under any applicable Environmental Law including, but not limited to any: (A) “hazardous
substance” as defined in the Comprehensive Environmental Response, Compensation and Liability Act of 1980, as amended; (B) “hazardous waste” as defined in the Resource Conservation and Recovery Act, as amended; (C) petroleum
or petroleum product, natural gas, natural gas liquids, or crude oil or any fraction thereof; (D) polychlorinated biphenyls; and (E) naturally occurring radioactive materials; (iii) “Environmental Permits” means any
permit, authorization, license, variance, and approvals required under applicable Environmental Law; and (iv) “Environment” means ambient air, indoor air, surface water, groundwater, drinking water, land surface and subsurface
strata, and natural resources such as wetlands, flora and fauna. 
 (dd)    There is no strike, labor
dispute, slowdown or work stoppage with the employees of the Issuers or the Material Subsidiaries that is pending or, to the knowledge of the Partnership, threatened that could reasonably be expected, individually or in the aggregate, to have a
Material Adverse Effect. 
 (ee)    Except as disclosed in the Offering Memorandum, no proceedings for
the merger, consolidation, liquidation or dissolution of either of the Issuers or the Material Subsidiaries or the sale of all or a material part of the assets of either of the Issuers or the Material Subsidiaries or any material acquisition by
either of the Issuers or any Material Subsidiary are pending that would be required by the Act to be disclosed in a prospectus included in a Registration Statement on Form S-1 under the Act. 

(ff)    (i) The Issuers and the Material Subsidiaries have not sustained, since the date of the latest
audited financial statements included in the Offering Memorandum (exclusive of any amendment or supplement thereto), any material loss or interference with its business or properties from fire, explosion, flood, accident or other calamity, whether
or not covered by insurance, or from any labor dispute or court or governmental action, order or decree (whether domestic or foreign) otherwise than as set forth in the Offering Memorandum (exclusive of any amendment or supplement thereto) and (ii)
since such date, there has not occurred any change or development, in each case, that could reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect. 

(gg)    Each of the Issuers and the Material Subsidiaries carries or is entitled to the benefits of
insurance relating to their assets, with financially sound and reputable insurers, in such amounts and covering such risks as is commercially reasonable, and all such insurance is in full force and effect. Each of the Issuers and the Material
Subsidiaries has no reason to believe that it will not be able (i) to renew their existing insurance coverage relating to their respective assets as and when such policies expire or (ii) to obtain comparable coverage relating to their respective
assets from similar institutions as may be necessary or appropriate to conduct such business as now conducted and at a cost that would not reasonably be expected to have a Material Adverse Effect. 

  
 12 

 (hh)    Except (i) as disclosed in the Offering Memorandum
and (ii) in regard to regulation by the Federal Energy Regulation Commission to which Targa Pipeline Partners LP is subject, neither of the Issuers nor any Material Subsidiary is subject to rate regulation under federal law. 

(ii)    Except as would not, individually or in the aggregate, have a Material Adverse Effect, each of the
Issuers and each Material Subsidiary is in compliance with its obligations under all presently applicable provisions of the Employee Retirement Income Security Act of 1974, as amended, including the regulations and published interpretations
thereunder (“ERISA”); with respect to each “plan” (as defined in Section 3(3) of ERISA) in which any current or former employees of the Partnership or of any trade or business that, together with the Partnership, is or has
been treated, within the six years preceding such date, as a single employer under Section 4001(b)(1) of ERISA or Section 414 of the Internal Revenue Code of 1986, as amended, including the regulations and published interpretations thereunder (the
“Code”), are or have been eligible to participate, no “reportable event” (as defined in ERISA) has occurred with respect to any such plan that is a “pension plan” (as defined in ERISA, hereinafter, a
“Pension Plan”) for which any of the Issuers or a Material Subsidiary would have any liability, excluding any reportable event for which a waiver could apply; none of the Issuers or Material Subsidiaries expects to incur liability
under (i) Title IV of ERISA with respect to termination of, or withdrawal from, any Pension Plan or (ii) Sections 430 or 4971 of the Code with respect to any Pension Plan. 

(jj)    Except as disclosed in the Offering Memorandum, the Partnership and the Material Subsidiaries
maintain a system of internal accounting controls sufficient to provide reasonable assurance that (i) transactions are executed in accordance with management’s general or specific authorizations; (ii) transactions are recorded as necessary to
permit preparation of financial statements in conformity with generally accepted accounting principles and to maintain asset accountability; (iii) access to assets is permitted only in accordance with management’s general or specific
authorization; and (iv) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences. Except as disclosed in the Offering Memorandum, the
Partnership’s and the Material Subsidiaries’ internal controls over financial reporting are effective and none of the Partnership and the Material Subsidiaries is aware of any material weakness in their internal control over financial
reporting. 
 (kk)    Except as disclosed in the Offering Memorandum (i) the Partnership has established
and maintains disclosure controls and procedures (to the extent required by and as such term is defined in Rule 13a-15 under the Exchange Act), (ii) such disclosure controls and procedures are designed to ensure that the information required to be
disclosed by the Partnership in the reports filed or to be filed or submitted under the Exchange Act, as applicable, is accumulated and communicated to management of the General Partner, including its principal executive officers and principal
financial officers, 

  
 13 

 
as appropriate, to allow timely decisions regarding required disclosure to be made and (iii) such disclosure controls and procedures are effective in all material respects to perform the
functions for which they were established to the extent required by Rule 13a-15 of the Exchange Act. 

(ll)    Neither of the Issuers nor any Guarantor is an “investment company” or
“promoter” or “principal underwriter” for an “investment company,” as such terms are defined in the Investment Company Act of 1940, as amended (the “Investment Company Act”), and the rules and
regulations thereunder. 
 (mm)    The descriptions of the Notes, the Indenture and the Registration
Rights Agreements contained in the Offering Memorandum are accurate in all material respects. 

(nn)    No holder of securities of either of the Issuers or the Material Subsidiaries will be entitled to
have such securities registered under the registration statements that may be required to be filed by the Issuers pursuant to the Registration Rights Agreements other than as expressly permitted thereby. 

(oo)    None of the Issuers, any Material Subsidiary or, to the knowledge of the Issuers, any of their
respective Affiliates (as defined in Rule 501(b) of Regulation D under the Act) has directly, or through any agent, (i) sold, offered for sale, solicited offers to buy or otherwise negotiated in respect of, any “security” (as
defined in the Act) that is or could be integrated with the sale of the Notes in a manner that would require the registration under the Act of the Notes or (ii) engaged in any form of general solicitation or general advertising (as those terms
are used in Regulation D under the Act) in connection with the offering of the Notes or in any manner involving a public offering within the meaning of Section 4(a)(2) of the Act. Assuming the accuracy of the representations and warranties
of the Initial Purchasers in Section 8 hereof, it is not necessary in connection with the offer, sale and delivery of the Notes to the Initial Purchasers or the endorsement of the Guarantees by the Guarantors in the manner contemplated by this
Agreement to register any of the Notes under the Act or to qualify the Indenture under the TIA. 

(pp)    No securities of either of the Issuers or the Guarantors are of the same class (within the meaning
of Rule 144A under the Act) as the Notes and listed on a national securities exchange registered under Section 6 of the Exchange Act, or quoted in a U.S. automated inter-dealer quotation system. 

(qq)    None of the Issuers or the Material Subsidiaries has taken, nor will any of them take, directly or
indirectly, any action designed to, or that would constitute or that might be reasonably expected to result in, stabilization or manipulation of the price of the Notes. 

(rr)    None of the Issuers, the Material Subsidiaries or, to the knowledge of the Issuers, any of their
respective Affiliates or any person acting on its or their behalf (other than the Initial Purchasers) has engaged in any directed selling efforts (as that term is defined in Regulation S under the Act (“Regulation S”)) with respect
to the Notes; the 

  
 14 

 
Issuers, the Material Subsidiaries and, to the knowledge of the Issuers, their respective Affiliates and any person acting on its or their behalf (other than the Initial Purchasers) have complied
with the offering restrictions requirement of Regulation S. 
 (ss)    There are no stamp or other
issuance or transfer taxes or duties or other similar fees or charges required to be paid in the United States in connection with the execution and delivery of this Agreement or the issuance or sale by the Issuers of the Notes. 

(tt)    None of the Issuers, the Subsidiaries or, to the knowledge of the Issuers, any director, officer,
agent, employee or Affiliate of the Issuers or any of the Subsidiaries (in their capacity as directors, officers, agents or employees) is aware of or has taken any action, directly or indirectly, that would result in a violation by such persons of
the Foreign Corrupt Practices Act of 1977, as amended, and the rules and regulations thereunder (the “FCPA”), including, without limitation, making use of the mails or any means or instrumentality of interstate commerce corruptly in
furtherance of an offer, payment, promise to pay or authorization of the payment of any money, or other property, gift, promise to give, or authorization of the giving of anything of value to any “foreign official” (as such term is defined
in the FCPA) or any foreign political party or official thereof or any candidate for foreign political office, in contravention of the FCPA; and the Issuers, the Subsidiaries and, to the knowledge of the Issuers, their affiliates have conducted
their businesses in compliance with the FCPA and have instituted and maintain policies and procedures designed to ensure, and which are reasonably expected to continue to ensure, continued compliance therewith. 

(uu)    The operations of the Issuers and the Subsidiaries are and have been conducted at all times in
compliance with applicable financial recordkeeping and reporting requirements of the Currency and Foreign Transactions Reporting Act of 1970, as amended, the money laundering statutes of all jurisdictions, the USA PATRIOT Act, the rules and
regulations thereunder, and any related or similar rules, regulations or guidelines, issued, administered or enforced by any governmental agency (collectively, the “Money Laundering Laws”) and no action, suit or proceeding by or
before any court or governmental agency, authority or body or any arbitrator involving the Issuers or any of the Subsidiaries with respect to the Money Laundering Laws is pending or, to the best knowledge of the Issuers, threatened. 

(vv)    No Material Subsidiary is currently prohibited, directly or indirectly, from paying any
distributions to the Partnership, from making any other distribution on such Subsidiary’s equity interests, from repaying to the Partnership any loans or advances to such Subsidiary from the Partnership or from transferring any of such
Subsidiary’s property or assets to the Partnership or any other Subsidiary of the Partnership, except (i) as described in or contemplated by the Offering Memorandum, (ii) arising under the Partnership Credit Agreement, (iii) such prohibitions
mandated by the laws of each such Subsidiary’s state of formation and the terms of any such Subsidiary’s governing instruments or (iv) where such prohibition would not reasonably be expected to have a Material Adverse Effect. 

  
 15 

 (ww)    None of the Issuers, the Subsidiaries or, to the
knowledge of the Issuers, any director, officer, agent, employee or Affiliate of the Issuers or any of the Subsidiaries (in their capacity as directors, officers, agents or employees) is currently subject to any U.S. sanctions administered by the
Office of Foreign Assets Control of the U.S. Department of the Treasury (“OFAC”) nor is either Issuer or the Subsidiaries located, organized or resident in a country or territory that is the subject or target of U.S. sanctions; and
the Issuers will not directly or indirectly use the proceeds of the offering, or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner or other person or entity, for the purpose of financing or
facilitating the activities of any person currently subject to any U.S. sanctions administered by OFAC or in any sanctioned country. 
 Any
certificate signed by any officer of the Issuers or the Guarantors and delivered to any Initial Purchaser or to counsel for the Initial Purchasers in connection with the offering of the Notes shall be deemed a representation and warranty by each of
the Issuers or each Guarantor to the Initial Purchasers as to the matters covered thereby. 
 Section 3.    Purchase,
Sale and Delivery of the Notes. On the basis of the representations, warranties, agreements and covenants herein contained and subject to the terms and conditions herein set forth, the Issuers agree (i) to issue and sell to the 2025 Initial
Purchasers, and the 2025 Initial Purchasers, acting severally and not jointly, agree to purchase the 2025 Notes in the respective amounts set forth on Schedule 1A hereto from the Issuers at 99.25% of their principal amount and (ii) to issue
and sell to the 2027 Initial Purchasers, and the 2027 Initial Purchasers, acting severally and not jointly, agree to purchase the 2027 Notes in the respective amounts set forth on Schedule 1B hereto from the Issuers at 99.25% of their
principal amount. One or more certificates in global form for each of the 2025 Notes and the 2027 Notes that the applicable Initial Purchasers have agreed to purchase hereunder, each in such principal amount as the Initial Purchasers request
upon notice to the Issuers at least 36 hours prior to the Closing Date, shall be delivered by or on behalf of the Issuers to the Trustee, as custodian for The Depository Trust Company (“DTC”), and each series of the Notes in
book-entry form shall be delivered to the applicable Initial Purchasers through the facilities of DTC, against payment by or on behalf of such Initial Purchasers of the purchase price therefor by wire transfer (same day funds), to such account or
accounts as the Partnership shall specify prior to the Closing Date, or by such means as the parties hereto shall agree prior to the Closing Date. Such delivery of the certificates and payment for the Notes shall be made at the offices of
Vinson & Elkins L.L.P., 1001 Fannin Street, Suite 2500, Houston, Texas at 9:00 A.M. Houston time, on October 6, 2016, or at such other place, time or date as the Initial Purchasers, on the one hand, and the Issuers, on the other hand, may agree
upon, such time and date of delivery against payment being herein referred to as the “Closing Date.” 
 Section
4.    Offering by the Initial Purchasers. The 2025 Initial Purchasers and the 2027 Initial Purchasers, as applicable, propose to make an offering of the 2025 Notes and the 2027 Notes, as applicable, at the prices and
upon the terms set forth in the Pricing Disclosure Package and the Final Memorandum as soon as practicable after this Agreement is entered into and as in the judgment of the Initial Purchasers is advisable. 

  
 16 

 Section 5.    Covenants of the Issuers and the Guarantors. Each
Issuer and each Guarantor covenants and agrees with each of the Initial Purchasers as follows: 

(a)    Until the later of (i) the completion of the distribution of the Notes by the Initial
Purchasers and (ii) the Closing Date, the Issuers will not amend or supplement the Pricing Disclosure Package or the Final Memorandum or otherwise distribute or refer to any Issuer Written Communication (other than the Recorded Road Show)
unless the Initial Purchasers shall previously have been advised and furnished a copy for a reasonable period of time prior to the proposed amendment or supplement. The Issuers will promptly, upon the reasonable request of the Initial
Purchasers or counsel for the Initial Purchasers, make any amendments or supplements to the Pricing Disclosure Package and the Final Memorandum that may be necessary or advisable in connection with the resale of the Notes by the Initial Purchasers.

 (b)    The Issuers will cooperate with the Initial Purchasers in arranging for the qualification of
the Notes for offering and sale under the securities or “Blue Sky” laws of such jurisdictions as the Initial Purchasers may designate and will continue such qualifications in effect for as long as may be necessary to complete the resale of
the Notes; provided, however, that in connection therewith, the Issuers shall not be required to qualify as a foreign limited partnership or corporation or to execute a general consent to service of process in any jurisdiction or
subject itself to taxation in any such jurisdiction where it is not then so subject. 
 (c)    (1) If, at
any time prior to the completion of the sale by the Initial Purchasers of the Notes, any event occurs or information becomes known as a result of which the Final Memorandum as then amended or supplemented would include any untrue statement of a
material fact, or omit to state a material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if for any other reason it is necessary at any time to amend or supplement the
Final Memorandum to comply with applicable law, the Issuers will promptly notify the Initial Purchasers thereof and will prepare, at the expense of the Partnership, an amendment or supplement to the Final Memorandum that corrects such statement or
omission or effects such compliance and (2) if at any time prior to the Closing Date (i) any event shall occur or condition shall exist as a result of which any of the Pricing Disclosure Package as then amended or supplemented would include any
untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading or any Issuer Written Communication would conflict
with the Pricing Disclosure Package as then amended or supplemented, or (ii) it is necessary to amend or supplement any of the Pricing Disclosure Package so that any of the Pricing Disclosure Package or any Issuer Written Communication will comply
with law, the Issuers will immediately notify the Initial Purchasers thereof and forthwith prepare and, subject to paragraph (a) above, furnish to the Initial Purchasers such amendments or supplements to any of the Pricing Disclosure Package or any
Issuer Written Communication (it being understood that any such amendments or supplements may take the form of an amended or supplemented Final Memorandum) as may be necessary so that the statements in any of the Pricing Disclosure Package as so
amended or supplemented will not, in light of the 

  
 17 

 
circumstances under which they were made, be misleading or so that any Issuer Written Communication will not conflict with the Pricing Disclosure Package or so that the Pricing Disclosure Package
or any Issuer Written Communication as so amended or supplemented will comply with law. 
 (d)    The
Issuers will, without charge, provide to the Initial Purchasers and to counsel for the Initial Purchasers as many copies of the Pricing Disclosure Package, any Issuer Written Communication and the Final Memorandum or any amendment or supplement
thereto as the Initial Purchasers may reasonably request. 
 (e)    The Partnership will apply the net
proceeds from the sale of the Notes as set forth under “Use of Proceeds” in the Pricing Disclosure Package and the Final Memorandum. 

(f)    Prior to the Closing Date, the Issuers will furnish to the Initial Purchasers, as soon as they have
been prepared, a copy of any unaudited interim financial statements of the Issuers for any period subsequent to the period covered by the most recent financial statements appearing in the Pricing Disclosure Package and the Final Memorandum;
provided, however, that the Issuers do not need to furnish such financial statements to the Initial Purchasers if they are available on the Commission’s website. 

(g)    None of the Issuers or any of its affiliates that it controls will, and the Issuers will use their
commercially reasonable efforts to cause their other affiliates not to, sell, offer for sale or solicit offers to buy or otherwise negotiate in respect of any “security” (as defined in the Act) that could be integrated with the sale
of the Notes in a manner which would require the registration under the Act of the Notes. 
 (h)    The
Issuers will not, and will not permit any of their subsidiaries or their respective affiliates that they control or persons acting on their behalf to, and the Issuers will use their commercially reasonable efforts to cause their other affiliates not
to, engage in any form of general solicitation or general advertising (as those terms are used in Regulation D under the Act) in connection with the offering of the Notes or in any manner involving a public offering within the meaning of
Section 4(a)(2) of the Act. 
 (i)    For so long as any of the 2025 Notes or the 2027 Notes, as
applicable, remain outstanding, the Issuers or Targa Resources Corp. will make available at their expense, upon request, to any holder of such Notes and any prospective purchasers thereof the information specified in Rule 144A(d)(4) under the
Act, unless either of the Issuers or Targa Resources Corp. is then subject to Section 13 or 15(d) of the Exchange Act. 

(j)    The Issuers will use their commercially reasonable efforts to permit the Notes to be eligible for
clearance and settlement through DTC. 
 (k)    During the period beginning on the date hereof and
continuing to the date that is 45 days after the Closing Date, without the prior written consent of Wells Fargo Securities, LLC, the Issuers will not offer, sell, contract to sell or otherwise dispose of, except as provided hereunder, any securities
of the Issuers (or guaranteed by the 

  
 18 

 
Issuers) that are substantially similar to the Notes (except for the Notes which would be issuable pursuant to the exchange offer described in the Preliminary Memorandum and the Final
Memorandum). 
 (l)    In connection with Notes offered and sold in an offshore transaction (as defined
in Regulation S) the Issuers will not register any transfer of such Notes not made in accordance with the provisions of Regulation S and will not, except in accordance with the provisions of Regulation S, if applicable, issue any such Notes in the
form of definitive securities. 
 (m)    None of the Issuers or any of their affiliates that they control
will engage in any directed selling efforts (as that term is defined in Regulation S) with respect to the Notes. 

(n)    For a period of one year (calculated in accordance with paragraph (d) of Rule 144 under
the Act) following the date any Notes are acquired by either of the Issuers or any of their affiliates, if the Notes are Registrable Securities (as defined in the Registration Rights Agreements), neither of the Issuers nor any of their respective
affiliates that they control will sell any such Notes. 
 (o)    For so long as any Notes are
outstanding, the Issuers and the Guarantors will conduct their operations in a manner that will not subject the Issuers or any Guarantor to registration as an investment company under the Investment Company Act. 

(p)    Each Note will bear a legend substantially to the following effect until such legend shall no longer
be necessary or advisable because the Notes are no longer subject to the restrictions on transfer described therein: 
 “THIS SECURITY
HAS NOT BEEN REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD WITHIN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS EXCEPT AS SET
FORTH BELOW. BY ITS ACQUISITION HEREOF, THE HOLDER (1) REPRESENTS THAT (A) IT IS A “QUALIFIED INSTITUTIONAL BUYER” (AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT), (B) IT IS NOT A U.S. PERSON AND IS ACQUIRING THIS SECURITY IN AN
OFFSHORE TRANSACTION IN COMPLIANCE WITH RULE 904 UNDER THE SECURITIES ACT OR (C) IT IS AN ACCREDITED INVESTOR (AS DEFINED IN RULE 501(a)(1), (2), (3), OR (7) UNDER THE SECURITIES ACT (AN “ACCREDITED INVESTOR”), (2) AGREES THAT IT WILL NOT
WITHIN [IN THE CASE OF NOTES SOLD IN RELIANCE ON RULE 144A: ONE YEAR] [IN THE CASE OF NOTES SOLD IN RELIANCE ON REGULATION S: 40 DAYS] AFTER THE LATER OF THE ORIGINAL ISSUE DATE HEREOF AND THE LAST DATE ON WHICH THE ISSUERS OR ANY
AFFILIATE OF THE ISSUERS WAS THE OWNER OF THIS SECURITY (OR ANY PREDECESSOR OF SUCH SECURITY (THE “RESALE RESTRICTION TERMINATION DATE”) RESELL OR OTHERWISE TRANSFER THIS SECURITY 

  
 19 

 
EXCEPT (A) TO AN ISSUER OR ANY SUBSIDIARY THEREOF, (B) INSIDE THE UNITED STATES TO A QUALIFIED INSTITUTIONAL BUYER IN COMPLIANCE WITH RULE 144A UNDER THE SECURITIES ACT, (C) INSIDE THE UNITED
STATES TO AN ACCREDITED INVESTOR THAT, PRIOR TO SUCH TRANSFER, FURNISHES (OR HAS FURNISHED ON ITS BEHALF BY A U.S. BROKER-DEALER) TO THE TRUSTEE A SIGNED LETTER CONTAINING CERTAIN REPRESENTATIONS AND AGREEMENTS RELATING TO THE RESTRICTIONS ON
TRANSFER OF THIS SECURITY (THE FORM OF WHICH LETTER CAN BE OBTAINED FROM THE TRUSTEE FOR THIS SECURITY), (D) OUTSIDE THE UNITED STATES IN AN OFFSHORE TRANSACTION IN COMPLIANCE WITH RULE 904 UNDER THE SECURITIES ACT (IF AVAILABLE), (E) PURSUANT TO
THE EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE SECURITIES ACT (IF AVAILABLE), (F) IN ACCORDANCE WITH ANOTHER EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT (AND BASED UPON AN OPINION OF COUNSEL IF THE COMPANY SO
REQUESTS), OR (G) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT AND (3) AGREES THAT IT WILL GIVE TO EACH PERSON TO WHOM THIS SECURITY IS TRANSFERRED A NOTICE SUBSTANTIALLY TO THE EFFECT OF THIS LEGEND. IN CONNECTION
WITH ANY TRANSFER OF THIS SECURITY PRIOR TO THE RESALE RESTRICTION TERMINATION DATE, IF THE PROPOSED TRANSFEREE IS AN ACCREDITED INVESTOR, THE HOLDER MUST, PRIOR TO SUCH TRANSFER, FURNISH TO THE TRUSTEE AND THE ISSUERS SUCH CERTIFICATIONS, LEGAL
OPINIONS OR OTHER INFORMATION AS ANY OF THEM MAY REASONABLY REQUIRE TO CONFIRM THAT SUCH TRANSFER IS BEING MADE PURSUANT TO AN EXEMPTION FROM, OR IN A TRANSACTION, NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT, AS USED
HEREIN. THE TERMS “OFFSHORE TRANSACTION,” “UNITED STATES” AND “U.S. PERSON” HAVE THE MEANING GIVEN TO THEM BY REGULATION S UNDER THE SECURITIES ACT. THIS LEGEND WILL BE REMOVED UPON THE REQUEST OF THE HOLDER
OR AN ISSUER ON OR AFTER THE RESALE RESTRICTION TERMINATION DATE.” 
 Section 6.    Expenses. The
Partnership agrees to pay all costs and expenses incident to the performance of the Issuers’ and Guarantors’ obligations under this Agreement, whether or not the transactions contemplated herein are consummated or this Agreement is
terminated pursuant to Section 11 hereof, including all costs and expenses incident to (i) the printing, word processing or other production of documents with respect to the transactions contemplated hereby, including any costs of printing
the Pricing Disclosure Package and the Final Memorandum and any amendment or supplement thereto, and any “Blue Sky” memoranda, (ii) all arrangements relating to the delivery to the Initial Purchasers of copies of the foregoing
documents, (iii) the fees and disbursements of the counsel, the accountants and any other experts or advisors retained by the Issuers, (iv) preparation (including printing), issuance and delivery to the Initial Purchasers of the Notes,
(v) the qualification of the Notes under state securities and “Blue Sky” laws, including filing fees and fees and disbursements of counsel for the Initial Purchasers relating thereto, (vi) one half of the expenses in connection
with the “roadshow” and any other meetings with prospective investors in the Notes, (vii) fees and expenses of the Trustee 

  
 20 

 
including fees and expenses of counsel, and (viii) any fees charged by investment rating agencies for the rating of the Notes. If the sale of the Notes provided for herein is not
consummated because any condition to the obligations of the Initial Purchasers set forth in Section 7 hereof is not satisfied, because this Agreement is terminated pursuant to Sections 11(a)(i), (ii) or (vi) or because of any failure, refusal
or inability on the part of the Issuers to perform all obligations and satisfy all conditions on their part to be performed or satisfied hereunder (other than solely by reason of a default by the Initial Purchasers of their obligations hereunder
after all conditions hereunder have been satisfied in accordance herewith), the Issuers agree to promptly reimburse the Initial Purchasers upon demand for all out-of-pocket expenses (including reasonable fees, disbursements and charges of Baker
Botts L.L.P., counsel for the Initial Purchasers) that shall have been incurred by the Initial Purchasers in connection with the proposed purchase and sale of the Notes. 

Section 7.    Conditions of the Initial Purchasers’ Obligations. The obligation of the Initial Purchasers
to purchase and pay for the Notes shall, in their sole discretion, be subject to the satisfaction or waiver of the following conditions on or prior to the Closing Date: 

(a)    On the Closing Date, the Initial Purchasers shall have received the opinion, dated as of the Closing
Date and addressed to the Initial Purchasers, of Vinson & Elkins L.L.P., counsel for the Issuers, in form and substance satisfactory to counsel for the Initial Purchasers, to the effect that: 

(i)    Each of the Issuers and the Guarantors has been duly incorporated, formed or organized, as the case
may be, and is validly existing as a limited partnership, limited liability company or corporation, as applicable, and is in good standing under the laws of the State of Delaware and has all requisite limited partnership, limited liability company
or corporate power and authority necessary to own or lease its properties and to conduct its business, in each case as described in the Pricing Disclosure Package and the Final Memorandum in all material respects. 

(ii)    The Partnership has the authorized, issued and outstanding capitalization set forth in the Pricing
Disclosure Package and the Final Memorandum as of the dates specified therein; all of the issued and outstanding equity interests (other than general partner interests) of each of the Issuers and the Guarantors have been duly authorized and validly
issued (in accordance with the Organizational Documents of each such entity), are fully paid (in the case of an interest in a limited partnership or limited liability company, to the extent required under the Organizational Documents of such entity)
and nonassessable (except as such nonassessability may be affected by Sections 17-607 and 17-804 of the Delaware LP Act or Sections 18-607 and 18-804 of the Delaware LLC Act, as applicable) and, to the
knowledge of such counsel, were not issued in violation of any preemptive or similar right; all of the issued and outstanding equity interests of Finance Co and each Guarantor are owned, directly or indirectly, by the Partnership, free and clear of
all Liens (other than (i) those created by or arising under the Delaware General Corporation Law, the Delaware LLC Act or the Delaware LP Act, as the case may be; (ii) restrictions on transferability and other

  
 21 

 
Liens described in the Pricing Disclosure Package, the Final Memorandum or the Organizational Documents; (iii) those arising under the Partnership Credit Agreement; and (iv) those imposed by the
Act and the securities or “Blue Sky” laws of certain jurisdictions) (A) in respect of which a financing statement under the Uniform Commercial Code of the State of Delaware naming the Partnership as debtor or, in the case of equity
interests of a Guarantor owned directly by one or more other Guarantors, naming any such other Guarantors as debtor(s), is on file as of a recent date in the office of the Secretary of State of the State of Delaware or (B) otherwise known to such
counsel, without independent investigation. 
 (iii)    The Issuers and each Guarantor have all
requisite corporate, limited partnership or limited liability company power and authority to execute, deliver and perform each of their obligations under the Indenture, the Notes, the Exchange Notes and the Private Exchange Notes (each as defined in
the Registration Rights Agreements); the Indenture meets the requirements for qualification under the TIA; the Indenture has been duly and validly authorized by the Issuers and each Guarantor and, when duly executed and delivered by the Issuers and
each Guarantor (assuming the due authorization, execution and delivery thereof by the Trustee), will constitute the valid and legally binding agreement of the Issuers and each Guarantor, enforceable against the Issuers and each Guarantor in
accordance with its terms, except that the enforcement thereof may be subject to the Enforceability Exceptions. 

(iv)    The Notes have each been duly and validly authorized by the Issuers and, when duly executed and
delivered by the Issuers and paid for by the Initial Purchasers in accordance with the terms of this Agreement (assuming the due authorization, execution and delivery of the Indenture by the Trustee and due authentication and delivery of the Notes
by the Trustee in accordance with the Indenture), will constitute the valid and legally binding obligations of the Issuers, entitled to the benefits of the Indenture, and enforceable against the Issuers in accordance with their terms, except that
the enforcement thereof may be subject to the Enforceability Exceptions. 
 (v)    The Guarantees have
been duly and validly authorized by the Guarantors and when the Notes have been paid for by the Initial Purchasers in accordance with the terms of this Agreement (assuming the due authorization, execution and delivery of the Indenture by the Trustee
and the due authentication of the Notes by the Trustee in accordance with the Indenture), will constitute the valid and legally binding obligations of the Guarantors, entitled to the benefits of the Indenture, and enforceable against the Guarantors
in accordance with their terms, except that the enforcement thereof may be subject to the Enforceability Exceptions. 

(vi)    The Exchange Notes and the Private Exchange Notes have been duly and validly authorized by the
Issuers, and if and when the Exchange Notes and the Private Exchange Notes are duly executed and delivered by the Issuers in 

  
 22 

 
accordance with the terms of the Registration Rights Agreements and the Indenture (assuming the due authorization, execution and delivery of the Indenture by the Trustee and due authentication
and delivery of the Exchange Notes and the Private Exchange Notes by the Trustee in accordance with the Indenture), will constitute the valid and legally binding obligations of the Issuers, entitled to the benefits of the Indenture, and enforceable
against the Issuers in accordance with their terms, except that the enforcement thereof may be subject to the Enforceability Exceptions. 

(vii)    The Issuers and the Guarantors have all requisite partnership, limited liability company or
corporate power and authority to execute, deliver and perform their obligations under the Registration Rights Agreements; the Registration Rights Agreements have been duly and validly authorized by the Issuers and the Guarantors and, when duly
executed and delivered by the Issuers and the Guarantors (assuming due authorization, execution and delivery thereof by the Initial Purchasers), will constitute the valid and legally binding agreement of the Issuers and the Guarantors, enforceable
against the Issuers and the Guarantors in accordance with their terms, except that (A) the enforcement thereof may be subject to the Enforceability Exceptions and (B) any rights to indemnity or contribution thereunder may be limited by
federal and state securities laws and public policy considerations. 
 (viii)    The Issuers and the
Guarantors have all requisite corporate, partnership or limited liability company power and authority to execute, deliver and perform their obligations under this Agreement and to consummate the transactions contemplated hereby; this Agreement and
the consummation by the Issuers and the Guarantors of the transactions contemplated hereby have been duly and validly authorized by the Issuers and the Guarantors. This Agreement has been duly executed and delivered by the Issuers and the
Guarantors. 
 (ix)    (a) The descriptions of the Indenture, the Notes and the Registration Rights
Agreements contained in the Pricing Disclosure Package and the Final Memorandum are accurate in all material respects, and (b) the statements under the caption “Certain United States Federal Income Tax Considerations” in the Pricing
Disclosure Package and the Final Memorandum insofar as they purport to constitute a summary of United States federal tax law and regulations or legal conclusions with respect thereto, constitute accurate summaries of the matters described
therein in all material respects, subject to the assumptions and qualifications set forth therein. 

(x)    The execution, delivery and performance of this Agreement, the Indenture, the Registration Rights
Agreements and the consummation of the transactions contemplated hereby and thereby (including, without limitation, the issuance and sale of the Notes to the Initial Purchasers) will not constitute or result in a breach or a default under (or an
event that with notice or passage of time or both would constitute a default under) any of (i) the terms or provisions of any Contract listed on Annex B hereto, (ii) the Organizational Documents of any

  
 23 

 
of the Issuers or the Guarantors, or (iii) any statute, judgment, decree, order, rule or regulation (excluding any securities laws, rules or regulations) known to such counsel to be
applicable to the Issuers or any of the Guarantors or any of their respective properties or assets, except, with respect to clauses (i) and (iii) only, for any such conflict, breach or violation that could not reasonably be expected to, individually
or in the aggregate, have a Material Adverse Effect. 
 (xi)    No consent, approval, authorization or
order of any governmental authority is required for the issuance and sale by the Issuers of the Notes to the Initial Purchasers or the consummation by the Issuers of the other transactions contemplated hereby, except such as may be required under
securities laws, as to which such counsel need express no opinion in this paragraph, and those which have previously been obtained. 

(xii)    None of the Issuers or the Guarantors is, or immediately after the sale of the Notes to be sold
hereunder and the application of the proceeds from such sale (as described in the Pricing Disclosure Package and the Final Memorandum under the caption “Use of Proceeds”) will be, an “investment company” as such term is defined
in the Investment Company Act of 1940, as amended. 
 (xiii)    No registration under the Act of the
Notes is required in connection with the sale of the Notes to the Initial Purchasers or in connection with the initial resale of the Notes by the Initial Purchasers, in each case, as contemplated by this Agreement and the Pricing Disclosure Package
and the Final Memorandum, and prior to the commencement of the Exchange Offer (as defined in the Registration Rights Agreements) or the effectiveness of the Shelf Registration Statement (as defined in the Registration Rights Agreements), the
Indenture is not required to be qualified under the TIA.
 At the time the foregoing opinion is delivered, Vinson & Elkins L.L.P. shall
additionally state that it has participated in conferences with officers and other representatives of the Issuers, representatives of the independent registered public accountants for the Issuers, representatives of the Initial Purchasers and
counsel for the Initial Purchasers, at which conferences the contents of the Pricing Disclosure Package and the Final Memorandum and related matters were discussed, and, although it has not independently verified, and is not passing on and assumes
no responsibility for the accuracy, completeness or fairness of the statements contained in the Pricing Disclosure Package and the Final Memorandum (except to the extent specified in subsection 7(a)(x)), no facts have come to its attention
which lead it to believe that the Pricing Disclosure Package, as of the Time of Execution or at the Closing Date, or that the Final Memorandum, as of its date or at the Closing Date, contained an untrue statement of a material fact or omitted to
state a material fact necessary to make the statements contained therein, in light of the circumstances under which they were made, not misleading (it being understood that such firm need make no comment with respect to the financial statements and
related notes thereto and the other financial and accounting data derived from the Issuers’ books and records included in the Pricing Disclosure Package or the Final Memorandum). 

  
 24 

 The opinion and advice of Vinson & Elkins L.L.P. described in this Section 7 shall be
rendered to the Initial Purchasers at the request of the Partnership and shall so state therein. 

(b)    On the Closing Date, the Initial Purchasers shall have received the opinion, in form and substance
satisfactory to the Initial Purchasers, dated as of the Closing Date and addressed to the Initial Purchasers, of Baker Botts L.L.P., counsel for the Initial Purchasers, with respect to certain legal matters relating to this Agreement and such other
related matters as the Initial Purchasers may reasonably require. In rendering such opinion, Baker Botts L.L.P. shall have received and may rely upon such certificates and other documents and information as it may reasonably request to pass
upon such matters. 
 (c)    On the date hereof, the Initial Purchasers shall have received from the
Independent Accountants a comfort letter dated the date hereof, in form and substance satisfactory to counsel for the Initial Purchasers with respect to the audited and any unaudited financial information in the Pricing Disclosure Package. On
the Closing Date, the Initial Purchasers shall have received from the Independent Accountants a comfort letter dated the Closing Date, in form and substance satisfactory to counsel for the Initial Purchasers, which shall refer to the comfort letter
dated the date hereof and reaffirm or update as of a more recent date, the information stated in the comfort letter dated the date hereof and similarly address the audited and any unaudited financial information in the Final Memorandum. 

(d)    The representations and warranties of the Issuers and the Guarantors contained in this Agreement
shall be true and correct on and as of the Time of Execution and on and as of the Closing Date as if made on and as of the Closing Date; the statements of the Issuers’ officers made pursuant to any certificate delivered in accordance with the
provisions hereof shall be true and correct on and as of the date made and on and as of the Closing Date; the Issuers shall have performed all covenants and agreements and satisfied all conditions on their part to be performed or satisfied hereunder
at or prior to the Closing Date; and, except as described in the Pricing Disclosure Package and the Final Memorandum (exclusive of any amendment or supplement thereto after the date hereof), subsequent to the date of the most recent financial
statements in such Pricing Disclosure Package and the Final Memorandum, there shall have been no event or development, and no information shall have become known, that, individually or in the aggregate, has or would be reasonably likely to have a
Material Adverse Effect. 
 (e)    The sale of the Notes hereunder shall not be enjoined (temporarily or
permanently) on the Closing Date. 
 (f)    Subsequent to the date of the most recent financial
statements in the Pricing Disclosure Package and the Final Memorandum (exclusive of any amendment or supplement thereto after the date hereof), none of the Issuers nor any of the Material Subsidiaries shall have sustained any loss or interference
with respect to its business or properties from fire, flood, hurricane, accident or other calamity, whether or not covered 

  
 25 

 
by insurance, or from any strike, labor dispute, slow down or work stoppage or from any legal or governmental proceeding, order or decree, which loss or interference, individually or in the
aggregate, has or would be reasonably likely to have a Material Adverse Effect. 
 (g)    The Initial
Purchasers shall have received: 
 (x)    a certificate, dated the Closing Date, signed by the Chief
Executive Officer or Chief Financial Officer of the General Partner, to the effect that: 
 (i)    the
representations and warranties of the Partnership and the Guarantors contained in this Agreement are true and correct on and as of the Time of Execution and on and as of the Closing Date, and the Partnership and the Guarantors have performed all
covenants and agreements and satisfied all conditions on their part to be performed or satisfied hereunder at or prior to the Closing Date; 

(ii)    at the Closing Date, since the date hereof or since the date of the most recent financial
statements in the Pricing Disclosure Package and the Final Memorandum (exclusive of any amendment or supplement thereto after the date hereof), no event or development has occurred, and no information has become known, that, individually or in the
aggregate, has or would be reasonably likely to have a Material Adverse Effect; and 
 (iii)    the sale
of the Notes hereunder has not been enjoined (temporarily or permanently); and 
 (y)    a certificate,
dated the Closing Date, signed by the Chief Executive Officer or the Chief Financial Officer of Finance Co, to the effect that: 

(i)     the representations and warranties of Finance Co contained in this Agreement are true and correct
on and as of the Time of Execution and on and as of the Closing Date, and Finance Co has performed all covenants and agreements and satisfied all conditions on its part to be performed or satisfied hereunder at or prior to the Closing Date; 

(ii)    at the Closing Date, since the date hereof or since the date of the most recent financial
statements in the Pricing Disclosure Package and the Final Memorandum (exclusive of any amendment or supplement thereto after the date hereof), no event or development has occurred, and no information has become known, that, individually or in the
aggregate, has or would be reasonably likely to have a Material Adverse Effect; and 
 (iii)    the sale
of the Notes hereunder has not been enjoined (temporarily or permanently). 

  
 26 

 (h)    On the Closing Date, the Initial Purchasers shall have
received the Registration Rights Agreements executed by the Issuers and the Guarantors and such agreement shall be in full force and effect. 

On or before the Closing Date, the Initial Purchasers and counsel for the Initial Purchasers shall have received such further documents,
opinions, certificates, letters and schedules or instruments relating to the business, corporate, legal and financial affairs of the Issuers and the Guarantors as they shall have heretofore reasonably requested from the Issuers. 

All such documents, opinions, certificates, letters, schedules or instruments delivered pursuant to this Agreement will comply with the
provisions hereof only if they are reasonably satisfactory in all material respects to the Initial Purchasers and counsel for the Initial Purchasers. The Issuers shall furnish to the Initial Purchasers such conformed copies of such documents,
opinions, certificates, letters, schedules and instruments in such quantities as the Initial Purchasers shall reasonably request. 
 Section
8.    Offering of Notes; Restrictions on Transfer. 
 (a)    Each of the Initial Purchasers
agrees with the Issuers (as to itself only) that (i) it has not and will not solicit offers for, or offer or sell, the Notes by any form of general solicitation or general advertising (as those terms are used in Regulation D under the Act) or
in any manner involving a public offering within the meaning of Section 4(a)(2) of the Act; and (ii) it has and will solicit offers for the Notes only from, and will offer the Notes only to (A) in the case of offers inside the United
States, persons whom the Initial Purchasers reasonably believe to be QIBs, in transactions under Rule 144A and (B) in the case of offers outside the United States, to persons other than U.S. persons (“non-U.S. purchasers,”
which term shall include dealers or other professional fiduciaries in the United States acting on a discretionary basis for non-U.S. beneficial owners (other than an estate or trust)); provided, however, that, in the case of this
clause (B), in purchasing such Notes such persons are deemed to have represented and agreed as provided under the caption “Transfer Restrictions” contained in the Pricing Disclosure Package and the Final Memorandum. 

(b)    Each of the Initial Purchasers represents and warrants (as to itself only) that (1) it is a QIB and (2) with
respect to offers and sales outside the United States that (i) the Notes have not been and will not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons except in accordance with Regulation S under
the Act or pursuant to an exemption from the registration requirements of the Act; and (ii) it has offered the Notes and will offer and sell the Notes (A) as part of its distribution at any time and (B) otherwise until 40 days after
the later of the commencement of the offering and the Closing Date, only in accordance with Rule 903 of Regulation S and, accordingly, neither it nor any persons acting on its behalf have engaged or will engage in any directed selling efforts
(within the meaning of Regulation S) with respect to the Notes, and any such persons have complied and will comply with the offering restrictions requirement of Regulation S. 

  
 27 

 (c)    Each Initial Purchaser, severally and not jointly, represents and
warrants and agrees with the Issuers that: 
 (i)    in relation to each Member State of the European
Economic Area which has implemented the Prospectus Directive (as defined below) (each, a “Relevant Member State”), with effect from and including the date on which the Prospectus Directive is implemented in that Relevant Member
State (the “Relevant Implementation Date”), it has not made and will not make an offer of Notes to the public in that Relevant Member State, except that it may, with effect from and including the Relevant Implementation Date, make
an offer of Notes to the public in that Relevant Member State at any time: (A) to any legal entity which is a qualified investor as defined in the Prospectus Directive; (B) to fewer than 100 or, if the Relevant Member State has implemented the
relevant provision of the 2010 PD Amending Directive (as defined below), 150, natural or legal persons (other than qualified investors as defined in the Prospectus Directive), as permitted under the Prospectus Directive, subject to obtaining the
prior consent of the Representative for any such offer; or (C) in any other circumstances falling within Article 3(2) of the Prospectus Directive;

For the purposes of this provision, the expression an “offer of Notes to the public” in relation to any Notes in any Relevant
Member State means the communication in any form and by any means of sufficient information on the terms of the offer and the Notes to be offered so as to enable an investor to decide to purchase or subscribe for the Notes, as the same may be varied
in that Member State by any measure implementing the Prospectus Directive in that Member State, the expression “Prospectus Directive” means Directive 2003/71/EC (and amendments thereto, including the 2010 PD Amending Directive, to
the extent implemented in the Relevant Member State), and includes any relevant implementing measure in the Relevant Member State and the expression “2010 PD Amending Directive” means Directive 2010/73/EU. 

(ii)    it has only communicated or caused to be communicated and will only communicate or cause to be
communicated an invitation or inducement to engage in investment activity (within the meaning of Section 21 of the Financial Services and Markets Act of 2000 (the “FSMA”)) received by it in connection with the issue or sale of the
Notes in circumstances in which Section 21(1) of the FSMA does not apply to the Issuers; and 

(iii)    it has complied and will comply with all applicable provisions of the FSMA with respect to
anything done by it in relation to the Notes in, from or otherwise involving the United Kingdom. 
 Terms used in this Section 8 and not
defined in this Agreement have the meanings given to them in Regulation S. 

  
 28 

 Section 9.    Indemnification and Contribution. 

(a)    The Issuers and the Guarantors, jointly and severally, agree to indemnify and hold harmless the Initial Purchasers,
their directors, officers, affiliates and each person, if any, who controls any Initial Purchaser within the meaning of Section 15 of the Act or Section 20 of the Exchange Act against any losses, claims, damages or liabilities to which any
Initial Purchaser, any such director, officer, affiliate or controlling person may become subject under the Act, the Exchange Act or otherwise, insofar as any such losses, claims, damages or liabilities (or actions in respect thereof) arise out of
or are based upon the following: 
 (i)    any untrue statement or alleged untrue statement of any
material fact contained in the Pricing Disclosure Package, any Issuer Written Communication or Final Memorandum or any amendment or supplement thereto; or 

(ii)    the omission or alleged omission to state, in the Pricing Disclosure Package, any Issuer Written
Communication or the Final Memorandum or any amendment or supplement thereto, a material fact necessary to make the statements therein not misleading; 

and will reimburse, as incurred, the Initial Purchasers, any such director, officer, affiliate and controlling person for any legal or other expenses
reasonably incurred by the Initial Purchasers, their directors, officers, affiliates or controlling persons in connection with investigating, defending against or appearing as a third-party witness in connection with any such loss, claim, damage,
liability or action; provided, however, neither the Issuers nor the Guarantors will be liable in any such case to the extent that any such loss, claim, damage, expense or liability arises out of or is based upon any untrue statement or
alleged untrue statement or omission or alleged omission made in the Pricing Disclosure Package or Final Memorandum or any amendment or supplement thereto in reliance upon and in conformity with written information concerning such Initial Purchaser
furnished to the Partnership by the Initial Purchasers through the Representative specifically for use therein. The indemnity provided for in this Section 9 will be in addition to any liability that the Partnership may otherwise have to
the indemnified parties. Neither the Issuers nor the Guarantors will be liable under this Section 9 for any settlement of any claim or action effected without its prior written consent, which shall not be unreasonably withheld. 

(b)    Each Initial Purchaser, severally and not jointly, agrees to indemnify and hold harmless each of the Issuers and
Guarantors, and their respective directors, officers and each person, if any, who controls the Issuers or Guarantors within the meaning of Section 15 of the Act or Section 20 of the Exchange Act against any losses, claims, damages or
liabilities to which the Issuers or Guarantors or any such director, officer or controlling person may become subject under the Act, the Exchange Act or otherwise, insofar as such losses, claims, damages or liabilities (or actions in respect
thereof) arise out of or are based upon (i) any untrue statement or alleged untrue statement of any material fact contained in the Pricing Disclosure Package or Final Memorandum or any amendment or supplement thereto, or (ii) the omission
or the alleged omission to state therein a material fact necessary to make the statements therein not misleading, in each case to the extent, but only to the extent, that such untrue statement or alleged untrue statement or omission or alleged
omission was made in reliance upon and in conformity with written information concerning the Initial Purchasers, furnished to the Issuers and Guarantors by 

  
 29 

 
the Initial Purchasers through the Representative specifically for use therein; and subject to the limitation set forth immediately preceding this clause, will reimburse, as incurred, any legal
or other expenses reasonably incurred by the Issuers or Guarantors or any such director, officer or controlling person in connection with investigating or defending against or appearing as a third party witness in connection with any such loss,
claim, damage, liability or action in respect thereof. The indemnity provided for in this Section 9 will be in addition to any liability that the Initial Purchasers may otherwise have to the indemnified parties. The Initial Purchasers
shall not be liable under this Section 9 for any settlement of any claim or action effected without their consent, which shall not be unreasonably withheld. 

(c)    Promptly after receipt by an indemnified party under this Section 9 of notice of the commencement of any
action for which such indemnified party is entitled to indemnification under this Section 9, such indemnified party will, if a claim in respect thereof is to be made against the indemnifying party under this Section 9, notify the
indemnifying party of the commencement thereof in writing; but the omission to so notify the indemnifying party (i) will not relieve it from any liability under paragraph (a) or (b) above unless and to the extent such failure results in
the forfeiture by the indemnifying party of substantial rights and defenses and (ii) will not, in any event, relieve the indemnifying party from any obligations to any indemnified party other than the indemnification obligation provided in
paragraphs (a) and (b) above. In case any such action is brought against any indemnified party, and it notifies the indemnifying party of the commencement thereof, the indemnifying party will be entitled to participate therein and, to the
extent that it may wish, jointly with any other indemnifying party similarly notified, to assume the defense thereof, with counsel reasonably satisfactory to such indemnified party; provided, however, that if (i) the use of
counsel chosen by the indemnifying party to represent the indemnified party would present such counsel with a conflict of interest, (ii) the defendants in any such action include both the indemnified party and the indemnifying party and the
indemnified party shall have been advised by counsel that there may be one or more legal defenses available to it and/or other indemnified parties that are different from or additional to those available to the indemnifying party, or (iii) the
indemnifying party shall not have employed counsel reasonably satisfactory to the indemnified party to represent the indemnified party within a reasonable time after receipt by the indemnifying party of notice of the institution of such action,
then, in each such case, the indemnifying party shall not have the right to direct the defense of such action on behalf of such indemnified party or parties and such indemnified party or parties shall have the right to select separate counsel to
defend such action on behalf of such indemnified party or parties. After notice from the indemnifying party to such indemnified party of its election so to assume the defense thereof and approval by such indemnified party of counsel appointed
to defend such action, the indemnifying party will not be liable to such indemnified party under this Section 9 for any legal or other expenses, other than reasonable costs of investigation, subsequently incurred by such indemnified party in
connection with the defense thereof, unless (i) the indemnified party shall have employed separate counsel in accordance with the proviso to the immediately preceding sentence (it being understood, however, that in connection with such action
the indemnifying party shall not be liable for the expenses of more than one separate counsel (in addition to local counsel) in any one action or separate but substantially similar actions in the same jurisdiction arising out of the same general
allegations or circumstances, designated by the Initial Purchasers in the case of paragraph (a) of this Section 9 or the Issuers and Guarantors in the case of paragraph (b) of this Section 9, representing the indemnified parties
under such paragraph (a) or paragraph (b), as the case may 

  
 30 

 
be, who are parties to such action or actions) or (ii) the indemnifying party has authorized in writing the employment of counsel for the indemnified party at the expense of the indemnifying
party. All fees and expenses reimbursed pursuant to this paragraph (c) shall be reimbursed as they are incurred. After such notice from the indemnifying party to such indemnified party, the indemnifying party will not be liable for
the costs and expenses of any settlement of such action effected by such indemnified party without the prior written consent of the indemnifying party (which consent shall not be unreasonably withheld), unless such indemnifying party waived in
writing its rights under this Section 9, in which case the indemnified party may effect such a settlement without such consent. No indemnifying party shall, without the prior written consent of the indemnified party, effect any settlement
or compromise of any pending or threatened proceeding in respect of which any indemnified party is or could have been a party, or indemnity could have been sought hereunder by any indemnified party, unless such settlement (A) includes an
unconditional written release of the indemnified party, in form and substance reasonably satisfactory to the indemnified party, from all liability on claims that are the subject matter of such proceeding and (B) does not include any statement
as to an admission of fault, culpability or failure to act by or on behalf of any indemnified party. 
 (d)    In
circumstances in which the indemnity agreement provided for in the preceding paragraphs of this Section 9 is unavailable to, or insufficient to hold harmless, an indemnified party in respect of any losses, claims, damages or liabilities (or
actions in respect thereof), each indemnifying party, in order to provide for just and equitable contribution, shall contribute to the amount paid or payable by such indemnified party as a result of such losses, claims, damages or liabilities (or
actions in respect thereof) in such proportion as is appropriate to reflect (i) the relative benefits received by the indemnifying party or parties on the one hand and the indemnified party on the other from the offering of the Notes or if the
allocation provided by the foregoing clause (i) is not permitted by applicable law, not only such relative benefits but also the relative fault of the indemnifying party or parties on the one hand and the indemnified party on the other in
connection with the statements or omissions or alleged statements or omissions that resulted in such losses, claims, damages or liabilities (or actions in respect thereof). The relative benefits received by the Issuers and Guarantors on the one
hand and the Initial Purchasers on the other shall be deemed to be in the same proportion as the total proceeds from the offering (after deducting discounts and commissions but before deducting expenses) received by the Issuers and Guarantors bear
to the total discounts and commissions received by such Initial Purchaser. The relative fault of the parties shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the
omission or alleged omission to state a material fact relates to information supplied by the Issuers and Guarantors on the one hand, or such Initial Purchaser on the other, the parties’ relative intent, knowledge, access to information and
opportunity to correct or prevent such statement or omission or alleged statement or omission, and any other equitable considerations appropriate in the circumstances. The Issuers, the Guarantors and the Initial Purchasers agree that it would
not be equitable if the amount of such contribution were determined by pro rata or per capita allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the first sentence of this
paragraph (d). Notwithstanding any other provision of this paragraph (d), no Initial Purchaser shall be obligated to make contributions hereunder that in the aggregate exceed the total discounts, commissions and other compensation
received by such Initial Purchaser under this Agreement, less the aggregate amount of any damages that such Initial Purchaser has otherwise been required to pay by reason 

  
 31 

 
of the untrue or alleged untrue statements or the omissions or alleged omissions to state a material fact, and no person guilty of fraudulent misrepresentation (within the meaning of
Section 11(f) of the Act) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation. The obligations of the Initial Purchasers are several and not joint. For purposes of this
paragraph (d), each director, officer and affiliate of the Initial Purchasers and each person, if any, who controls any Initial Purchaser within the meaning of Section 15 of the Act or Section 20 of the Exchange Act shall have the
same rights to contribution as the Initial Purchasers, and each director of either of the Issuers or any of the Guarantors, each officer of either of the Issuers or any of the Guarantors and each person, if any, who controls either of the Issuers or
any of the Guarantors within the meaning of Section 15 of the Act or Section 20 of the Exchange Act, shall have the same rights to contribution as the Partnership. 

Section 10.    Survival Clause. The respective representations, warranties, agreements, covenants, indemnities
and other statements of each of the Issuers, Guarantors, their respective officers and the Initial Purchasers set forth in this Agreement or made by or on behalf of them pursuant to this Agreement shall remain in full force and effect, regardless of
(i) any investigation made by or on behalf of any of the Issuers, Guarantors, any of their respective officers or directors, the Initial Purchasers, any of their officers, directors, affiliates or controlling persons referred to in
Section 9 hereof and (ii) delivery of and payment for the Notes. The respective agreements, covenants, indemnities and other statements set forth in Sections 6, 9, 10 and 15 hereof shall remain in full force and effect,
regardless of any termination or cancellation of this Agreement. 
 Section 11.    Termination. 

(a)    This Agreement may be terminated in the sole discretion of the Initial Purchasers by notice to the Issuers given
prior to the Closing Date in the event that the Issuers shall have failed, refused or been unable to perform all obligations and satisfy all conditions on its part to be performed or satisfied hereunder at or prior thereto or, if, after the date
hereof and at or prior to the Closing Date, 
 (i)    trading in securities of the Partnership or Targa
Resources Corp. shall have been suspended by the Commission or the New York Stock Exchange; 

(ii)    there shall have been, in the sole judgment of the Representative, any event or development that,
individually or in the aggregate, has or could be reasonably likely to have a Material Adverse Effect (including without limitation a change in control of the Issuers or the Guarantors), except in each case as described in the Pricing Disclosure
Package and the Final Memorandum (exclusive of any amendment or supplement thereto); 
 (iii)    trading
in securities generally on the New York Stock Exchange shall have been suspended or materially limited or minimum or maximum prices shall have been established on any such exchange or market; 

  
 32 

 (iv)    a banking moratorium shall have been declared by New
York or United States authorities or a material disruption in commercial banking or securities settlement or clearance services in the United States shall have occurred; 

(v)    there shall have been (A) an outbreak or escalation of hostilities between the United States
and any foreign power or (B) an outbreak or escalation of any other insurrection or armed conflict involving the United States or any other national or international calamity or emergency, which in the case of (A) and (B) above and in the sole
judgment of the Representative, makes it impracticable or inadvisable to proceed with the offering or the delivery of the Notes as contemplated by the Pricing Disclosure Package and the Final Memorandum; or 

(vi)    any securities of the Partnership shall have been downgraded by any nationally recognized
statistical rating organization or any such organization shall have publicly announced that it has under surveillance or review, or has changed its outlook with respect to, its ratings of any securities of the Partnership (other than an announcement
with positive implications of a possible upgrading). 
 (b)    Termination of this Agreement pursuant to this
Section 11 shall be without liability of any party to any other party except as provided in Section 10 hereof. 
 Section
12.    Default of One or More of the Several Initial Purchasers.
 (a)    If any one or more
of the several 2025 Initial Purchasers shall fail or refuse to purchase 2025 Notes that it or they have agreed to purchase hereunder on the Closing Date, and the aggregate number of 2025 Notes which such defaulting 2025 Initial Purchaser or 2025
Initial Purchasers agreed but failed or refused to purchase does not exceed 10% of the aggregate number of the 2025 Notes to be purchased on such date, the other 2025 Initial Purchasers shall be obligated, severally, in the proportions that the
number of Securities set forth opposite their respective names on Schedule 1A bears to the aggregate number of 2025 Notes set forth opposite the names of all such non-defaulting 2025 Initial Purchasers, or in such other proportions as may be
specified by the 2025 Initial Purchasers with the consent of the non-defaulting 2025 Initial Purchasers, to purchase the 2025 Notes which such defaulting 2025 Initial Purchaser or 2025 Initial Purchasers agreed but failed or refused to purchase on
the Closing Date. If any one or more of the 2025 Initial Purchasers shall fail or refuse to purchase 2025 Notes and the aggregate number of 2025 Notes with respect to which such default occurs exceeds 10% of the aggregate number of 2025 Notes
to be purchased on the Closing Date, and arrangements satisfactory to the 2025 Initial Purchasers and the Issuers for the purchase of such 2025 Notes are not made within 48 hours after such default, this Agreement shall terminate without liability
of any party to any other party except that the provisions of Sections 6 and 9 hereof shall at all times be effective and shall survive such termination. In any such case either the 2025 Initial Purchasers or the Issuers shall have the
right to postpone the Closing Date, as the case may be, but in no event for longer than seven days in order that the required changes, if any, to the Final Offering Memorandum or any other documents or arrangements may be effected. 

  
 33 

 (b)    If any one or more of the several 2027 Initial Purchasers shall fail
or refuse to purchase 2027 Notes that it or they have agreed to purchase hereunder on the Closing Date, and the aggregate number of 2027 Notes which such defaulting 2027 Initial Purchaser or 2027 Initial Purchasers agreed but failed or refused to
purchase does not exceed 10% of the aggregate number of the 2027 Notes to be purchased on such date, the other 2027 Initial Purchasers shall be obligated, severally, in the proportions that the number of Securities set forth opposite their
respective names on Schedule 1B bears to the aggregate number of 2027 Notes set forth opposite the names of all such non-defaulting 2027 Initial Purchasers, or in such other proportions as may be specified by the 2027 Initial Purchasers with
the consent of the non-defaulting 2027 Initial Purchasers, to purchase the 2027 Notes which such defaulting 2027 Initial Purchaser or 2027 Initial Purchasers agreed but failed or refused to purchase on the Closing Date. If any one or more of
the 2027 Initial Purchasers shall fail or refuse to purchase 2027 Notes and the aggregate number of 2027 Notes with respect to which such default occurs exceeds 10% of the aggregate number of 2027 Notes to be purchased on the Closing Date, and
arrangements satisfactory to the 2027 Initial Purchasers and the Issuers for the purchase of such 2027 Notes are not made within 48 hours after such default, this Agreement shall terminate without liability of any party to any other party except
that the provisions of Sections 6 and 9 hereof shall at all times be effective and shall survive such termination. In any such case either the 2027 Initial Purchasers or the Issuers shall have the right to postpone the Closing Date, as the
case may be, but in no event for longer than seven days in order that the required changes, if any, to the Final Offering Memorandum or any other documents or arrangements may be effected. 

(c)    As used in this Agreement, the term “Initial Purchaser” shall be deemed to include any person
substituted for a defaulting Initial Purchaser under this Section 12. Any action taken under this Section 12 shall not relieve any defaulting Initial Purchaser from liability in respect of any default of such Initial Purchaser under this
Agreement. 
 Section 13.    Information Supplied by the Initial Purchasers. The statements set forth in the
last paragraph on the front cover page (as such paragraph is supplemented by the item on Annex A) and in the fourth paragraph and the tenth through twelfth paragraphs under the heading “Plan of Distribution” in the Preliminary
Memorandum and the Final Memorandum (to the extent such statements relate to the Initial Purchaser) constitute the only information furnished by the Initial Purchasers to the Issuers for the purposes of Sections 2(a) and 9 hereof. 

Section 14.    Notices. All communications hereunder shall be in writing and, if sent to the Initial
Purchasers, shall be mailed or delivered to Wells Fargo Securities, LLC, 375 Park Avenue, New York, New York 10152, Attention: Transaction Management, Facsimile: (212) 214-5918 (with such fax to be confirmed by telephone to (212) 214-6144; and if
sent to the Partnership, shall be mailed or delivered to the Partnership at 1000 Louisiana Street, Suite 4300, Houston, Texas 77002, Attention: Chief Financial Officer; with a copy to Vinson & Elkins L.L.P., 1001 Fannin Street, Suite 2500,
Houston, Texas 77002, Attention: Christopher S. Collins. 
 All such notices and communications shall be deemed to have been duly given:
when delivered by hand, if personally delivered; five business days after being deposited in the mail, postage prepaid, if mailed; and one business day after being timely delivered to a next-day air courier. 

  
 34 

 Section 15.    Successors. This Agreement shall inure to the
benefit of and be binding upon the Initial Purchasers, the Issuers and their respective successors and legal representatives, and nothing expressed or mentioned in this Agreement is intended or shall be construed to give any other person any legal
or equitable right, remedy or claim under or in respect of this Agreement, or any provisions herein contained; this Agreement and all conditions and provisions hereof being intended to be and being for the sole and exclusive benefit of such persons
and for the benefit of no other person except that (i) the indemnities of the Issuers contained in Section 9 of this Agreement shall also be for the benefit of the directors, officers and employees of the Initial Purchasers and any person
or persons who control the Initial Purchasers within the meaning of Section 15 of the Act or Section 20 of the Exchange Act and (ii) the indemnities of the Initial Purchasers contained in Section 9 of this Agreement shall also be
for the benefit of the directors of the Issuers, their officers and any person or persons who control the Issuers within the meaning of Section 15 of the Act or Section 20 of the Exchange Act. No purchaser of Notes from the Initial
Purchasers will be deemed a successor because of such purchase. 
 Section 16.    APPLICABLE LAW. THE
VALIDITY AND INTERPRETATION OF THIS AGREEMENT, ANY CLAIM, COUNTERCLAIM OR DISPUTE OF ANY KIND OR NATURE WHATSOEVER ARISING OUT OF OR IN ANY WAY RELATING TO THIS AGREEMENT, DIRECTLY OR INDIRECTLY, AND THE TERMS AND CONDITIONS SET FORTH HEREIN SHALL
BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO CONTRACTS MADE AND TO BE PERFORMED WHOLLY THEREIN, WITHOUT GIVING EFFECT TO ANY PROVISIONS THEREOF RELATING TO CONFLICTS OF LAW. 

Section 17.    No Advisory or Fiduciary Responsibility. The Issuers and the Guarantors acknowledge and agree
that (i) the purchase and sale of the Notes pursuant to this Agreement is an arm’s-length commercial transaction between the Issuers, on the one hand, and the Initial Purchasers, on the other, (ii) in connection therewith and with the process
leading to such transaction each Initial Purchaser is acting solely as a principal and not the agent or fiduciary of either of the Issuers, (iii) no Initial Purchaser has assumed an advisory or fiduciary responsibility in favor of either of the
Issuers with respect to the offering contemplated hereby or the process leading thereto (irrespective of whether such Initial Purchaser has advised or is currently advising either of the Issuers on other matters) or any other obligation to the
Issuers except the obligations expressly set forth in this Agreement and (iv) each of the Issuers has consulted its own legal and financial advisors to the extent it deemed appropriate. Each of the Issuers agrees that it will not claim that any
Initial Purchaser has rendered advisory services of any nature or respect, or owes a fiduciary or similar duty to either of the Issuers, in connection with such transaction or the process leading thereto. 

Section 18.    USA PATRIOT Act. In accordance with the requirements of the USA PATRIOT Act (Title III of Pub.
L. 107-56 (signed into law October 26, 2001)), the Initial Purchasers are required to obtain, verify and record information that identifies their respective clients, including the Issuers, which information may include the name and address of their
respective clients, as well as other information that will allow the Initial Purchasers to properly identify their respective clients. 

  
 35 

 Section 19.    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. 

  
 36 

 If the foregoing correctly sets forth our understanding, please indicate your acceptance thereof
in the space provided below for that purpose, whereupon this letter shall constitute a binding agreement between the Issuers and the Initial Purchasers. 
  

					
	 Very truly yours,

	
	TARGA RESOURCES PARTNERS LP
		
	 By:
	 	Targa Resources GP LLC,
		 	 Its general partner

		
	 By:
	 	 /s/ Matthew J. Meloy

		 	 Name:
	 	Matthew J. Meloy
		 	 Title:
	 	 Executive Vice President and
 Chief Financial
Officer

	
	TARGA RESOURCES PARTNERS FINANCE CORPORATION
		
	 By:
	 	 /s/ Matthew J. Meloy

		 	 Name:
	 	Matthew J. Meloy
		 	 Title:
	 	 Executive Vice President and
 Chief Financial
Officer

 Signature Page to the Purchase Agreement 

 
					
	TARGA BADLANDS LLC
	TARGA CAPITAL LLC
	TARGA COGEN LLC
	TARGA DOWNSTREAM LLC
	TARGA GAS MARKETING LLC
	TARGA GAS PIPELINE LLC
	TARGA GAS PROCESSING LLC
	TARGA INTRASTATE PIPELINE LLC
	TARGA LIQUIDS MARKETING AND TRADE LLC
	TARGA LOUISIANA INTRASTATE LLC
	TARGA MIDSTREAM SERVICES LLC
	TARGA MLP CAPITAL LLC
	TARGA NGL PIPELINE COMPANY LLC
	TARGA RESOURCES OPERATING GP LLC
	TARGA RESOURCES OPERATING LLC
	TARGA SOUND TERMINAL LLC
	TARGA TERMINALS LLC
	TARGA TRANSPORT LLC

 
							
			
		 	 By:
	 	 /s/ Matthew J. Meloy

		 		 	 Name:
	 	 Matthew J. Meloy

		 		 	 Title:
	 	 Executive Vice President and
 Chief Financial
Officer

 Signature Page to the Purchase Agreement 

			
	 The foregoing Agreement is hereby confirmed

and accepted as of the date first above written.

	
	 WELLS FARGO SECURITIES, LLC

	
	Acting on behalf of itself and as the Representative of the several Initial Purchasers
		
	 By:    
	 	WELLS FARGO SECURITIES, LLC

			
		
	       By:
	 	 /s/ Todd Schanzlin

		 	 Name: Todd Schanzlin

		 	 Title: Managing Director

 Signature Page to the Purchase Agreement 

 SCHEDULE 1A 
  

					
	 Initial Purchasers
	  	Principal Amount of 2025 Notes	 
	 Wells Fargo Securities, LLC
	  	$	100,000,000	  
	 Citigroup Global Markets Inc.
	  	 	65,000,000	  
	 Barclays Capital Inc.
	  	 	60,000,000	  
	 RBC Capital Markets, LLC
	  	 	60,000,000	  
	 BBVA Securities Inc.
	  	 	55,000,000	  
	 PNC Capital Markets LLC
	  	 	55,000,000	  
	 MUFG Securities Americas Inc.
	  	 	20,000,000	  
	 SMBC Nikko Securities Americas, Inc.
	  	 	20,000,000	  
	 SunTrust Robinson Humphrey, Inc.
	  	 	20,000,000	  
	 TD Securities (USA) LLC
	  	 	20,000,000	  
	 BNP Paribas Securities Corp.
	  	 	10,000,000	  
	 Citizens Capital Markets, Inc.
	  	 	7,500,000	  
	 Scotia Capital (USA) Inc.
	  	 	7,500,000	  
		  	  
	  
	 
	 Total
	  	$	500,000,000	  

  

  
 Schedule 1A-1 

 SCHEDULE 1B 
  

					
	 Initial Purchasers
	  	Principal Amount of 2027 Notes	 
	 Wells Fargo Securities, LLC
	  	$	100,000,000	  
	 Merrill Lynch, Pierce, Fenner & Smith

                   
  Incorporated
	  	 	70,000,000	  
	 Deutsche Bank Securities Inc.
	  	 	60,000,000	  
	 Capital One Securities, Inc.
	  	 	55,000,000	  
	 Goldman, Sachs & Co.
	  	 	55,000,000	  
	 J.P. Morgan Securities LLC
	  	 	55,000,000	  
	 ABN AMRO Securities (USA) LLC
	  	 	20,000,000	  
	 Credit Suisse Securities (USA) LLC
	  	 	20,000,000	  
	 ING Financial Markets LLC
	  	 	20,000,000	  
	 Morgan Stanley & Co. LLC
	  	 	20,000,000	  
	 BB&T Capital Markets, a division of BB&T Securities, LLC
	  	 	10,000,000	  
	 The Huntington Investment Company
	  	 	7,500,000	  
	 U.S. Bancorp Investments, Inc.
	  	 	7,500,000	  
		  	  
	  
	 
	 Total
	  	$	500,000,000	  

  
 Schedule 1B-1 

 SCHEDULE 2 

Jurisdiction of Formation for the Partnership and General Partner 

 

			
	 Name
	  	 Jurisdiction of Organization

	Targa Resources Partners LP	  	Delaware
	Targa Resources GP LLC	  	Delaware

 Subsidiaries of the Partnership 

 

			
	 Name
	  	 Jurisdiction of Organization

	Cedar Bayou Fractionators, L.P.	  	Delaware
	Centrahoma Processing, LLC	  	Delaware
	DEVCO Holdings LLC	  	Delaware
	Downstream Energy Ventures Co., L.L.C.	  	Delaware
	NOARK Energy Services, L.L.C.	  	Oklahoma
	Pecos Pipeline LLC	  	Delaware
	Salta Properties LLC	  	Delaware
	Setting Sun Pipeline Corporation	  	Delaware
	Slider WestOk Gathering, LLC	  	Delaware
	T2 LaSalle Gas Utility LLC	  	Texas
	T2 LaSalle Gathering Company LLC	  	Delaware
	Targa Badlands LLC	  	Delaware
	Targa Canada Liquids Inc.	  	British Columbia, Canada
	Targa Capital LLC	  	Delaware
	Targa Chaney Dell LLC	  	Delaware
	Targa Cogen LLC	  	Delaware
	Targa Downstream LLC	  	Delaware
	Targa Gas Marketing LLC	  	Delaware
	Targa Gas Pipeline LLC	  	Delaware
	Targa Gas Processing LLC	  	Delaware
	Targa Intrastate Pipeline LLC	  	Delaware
	Targa Liquids Marketing and Trade LLC	  	Delaware
	Targa Louisiana Intrastate LLC	  	Delaware
	Targa Midkiff LLC	  	Delaware
	Targa Midstream Services LLC	  	Delaware
	Targa MLP Capital LLC	  	Delaware
	Targa NGL Pipeline Company LLC	  	Delaware
	Targa Pipeline Escrow LLC	  	Delaware
	Targa Pipeline Finance Corporation	  	Delaware
	Targa Pipeline Mid-Continent Holdings LLC	  	Delaware
	Targa Pipeline Mid-Continent LLC	  	Delaware
	Targa Pipeline Mid-Continent WestOk LLC	  	Delaware
	Targa Pipeline Mid-Continent WestTex LLC	  	Delaware
	Targa Pipeline Operating Partnership LP	  	Delaware

  
 Schedule 2-1 

			
	 Name
	  	 Jurisdiction of Organization

	 Targa Pipeline Partners GP LLC
	  	 Delaware

	 Targa Pipeline Partners LP
	  	 Delaware

	 Targa Receivables LLC
	  	 Delaware

	 Targa Resources Operating GP LLC
	  	 Delaware

	 Targa Resources Operating LLC
	  	 Delaware

	 Targa Resources Partners Finance Corporation
	  	 Delaware

	 Targa Sound Terminal LLC
	  	 Delaware

	 Targa SouthTex Midstream Company LP
	  	 Texas

	 Targa Terminals LLC
	  	 Delaware

	 Targa Transport LLC
	  	 Delaware

	 Tesuque Pipeline, LLC
	  	 Delaware

	 TPL Arkoma Holdings LLC
	  	 Delaware

	 TPL Arkoma Inc.
	  	 Delaware

	 TPL Arkoma Midstream LLC
	  	 Delaware

	 TPL Barnett LLC
	  	 Delaware

	 TPL Gas Treating LLC
	  	 Delaware

	 TPL Laurel Mountain LLC
	  	 Delaware

	 TPL SouthTex Gas Utility Company LP
	  	 Texas

	 TPL SouthTex Midstream Holding Company LP
	  	 Texas

	 TPL SouthTex Midstream LLC
	  	 Delaware

	 TPL SouthTex Pipeline Company LLC
	  	 Texas

	 TPL SouthTex Processing Company LP
	  	 Texas

	 TPL SouthTex Transmission Company LP
	  	 Texas

	 Velma Gas Processing Company, LLC
	  	 Delaware

	 Velma Intrastate Gas Transmission Company, LLC
	  	 Delaware

	 Venice Energy Services Company, L.L.C.
	  	 Delaware

	 Venice Gathering System, L.L.C.
	  	 Delaware

	 Versado Gas Processors, L.L.C.
	  	 Delaware

	 Warren Petroleum Company LLC
	  	 Delaware

  
 Schedule 2-2 

 SCHEDULE 3 

Non-Guarantor Subsidiaries 
  

			
	 Name
	  	 Jurisdiction of Organization

	Cedar Bayou Fractionators, L.P.	  	Delaware
	Centrahoma Processing, LLC	  	Delaware
	DEVCO Holdings LLC	  	Delaware
	Downstream Energy Ventures Co., L.L.C.	  	Delaware
	NOARK Energy Services, L.L.C.	  	Oklahoma
	 Pecos Pipeline LLC
	  	 Delaware

	 Salta Properties LLC
	  	 Delaware

	 Setting Sun Pipeline Corporation
	  	 Delaware

	 Slider WestOk Gathering, LLC
	  	 Delaware

	 T2 LaSalle Gas Utility LLC
	  	 Texas

	 T2 LaSalle Gathering Company LLC
	  	 Delaware

	 Targa Canada Liquids Inc.
	  	 British Columbia, Canada

	 Targa Chaney Dell LLC
	  	 Delaware

	 Targa Midkiff LLC
	  	 Delaware

	 Targa Pipeline Escrow LLC
	  	 Delaware

	 Targa Pipeline Finance Corporation
	  	 Delaware

	 Targa Pipeline Mid-Continent Holdings LLC
	  	 Delaware

	 Targa Pipeline Mid-Continent LLC
	  	 Delaware

	 Targa Pipeline Mid-Continent WestOk LLC
	  	 Delaware

	 Targa Pipeline Mid-Continent WestTex LLC
	  	 Delaware

	 Targa Pipeline Operating Partnership LP
	  	 Delaware

	 Targa Pipeline Partners GP LLC
	  	 Delaware

	 Targa Pipeline Partners LP
	  	 Delaware

	 Targa Receivables LLC
	  	 Delaware

	 Targa Resources Partners Finance Corporation
	  	 Delaware

	 Targa SouthTex Midstream Company LP
	  	 Texas

	 Tesuque Pipeline, LLC
	  	 Delaware

	 TPL Arkoma Holdings LLC
	  	 Delaware

	 TPL Arkoma Inc.
	  	 Delaware

	 TPL Arkoma Midstream LLC
	  	 Delaware

	 TPL Barnett LLC
	  	 Delaware

	 TPL Gas Treating LLC
	  	 Delaware

	 TPL Laurel Mountain LLC
	  	 Delaware

	 TPL SouthTex Gas Utility Company LP
	  	 Texas

	 TPL SouthTex Midstream Holding Company LP
	  	 Texas

	 TPL SouthTex Midstream LLC
	  	 Delaware

	 TPL SouthTex Pipeline Company LLC
	  	 Texas

	 TPL SouthTex Processing Company LP
	  	 Texas

	 TPL SouthTex Transmission Company LP
	  	 Texas

	 Velma Gas Processing Company, LLC
	  	 Delaware

  
 Schedule 3-1 

			
	 Name
	  	 Jurisdiction of Organization

	 Velma Intrastate Gas Transmission Company, LLC
	  	 Delaware

	 Venice Energy Services Company, L.L.C.
	  	 Delaware

	 Venice Gathering System, L.L.C.
	  	 Delaware

	 Versado Gas Processors, L.L.C.
	  	 Delaware

	 Warren Petroleum Company LLC
	  	 Delaware

  
 Schedule 3-2 

 SCHEDULE 4 

Guarantors 
  

			
	 Name
	  	 Jurisdiction of Organization

	 Targa Badlands LLC
	  	 Delaware

	 Targa Capital LLC
	  	 Delaware

	 Targa Cogen LLC
	  	 Delaware

	 Targa Downstream LLC
	  	 Delaware

	 Targa Gas Marketing LLC
	  	 Delaware

	 Targa Gas Pipeline LLC
	  	Delaware
	 Targa Gas Processing LLC
	  	Delaware
	 Targa Intrastate Pipeline LLC
	  	 Delaware

	 Targa Liquids Marketing and Trade LLC
	  	 Delaware

	 Targa Louisiana Intrastate LLC
	  	 Delaware

	 Targa Midstream Services LLC
	  	 Delaware

	 Targa MLP Capital LLC
	  	 Delaware

	 Targa NGL Pipeline Company LLC
	  	 Delaware

	 Targa Resources Operating GP LLC
	  	 Delaware

	 Targa Resources Operating LLC
	  	 Delaware

	 Targa Sound Terminal LLC
	  	 Delaware

	 Targa Terminals LLC
	  	Delaware
	 Targa Transport LLC
	  	 Delaware

  
 Schedule 4-1 

 SCHEDULE 5 

Material Subsidiaries 
  

			
	 Name
	  	 Jurisdiction of Organization

	 Cedar Bayou Fractionators, L.P.
	  	 Delaware

	 Targa Liquids Marketing and Trade LLC
	  	 Delaware

	 Targa Midstream Services LLC
	  	 Delaware

	 Targa Pipeline Mid-Continent WestOk LLC
	  	 Delaware

	 Targa Pipeline Mid-Continent WestTex LLC
	  	 Delaware

	 Targa Pipeline Partners GP LLC
	  	 Delaware

	 Targa Downstream LLC
	  	 Delaware

  
 Schedule 5-1 

 ANNEX A 

US$1,000,000,000 
  

 
 TARGA RESOURCES PARTNERS LP 

TARGA RESOURCES PARTNERS FINANCE CORPORATION 

5.125% Senior Notes due 2025 

5.375% Senior Notes due 2027 

September 22, 2016 
  

 
 This Pricing Supplement is qualified in its entirety
by reference to the Preliminary Offering Memorandum dated September 22, 2016. The information in this Pricing Supplement supplements the Preliminary Offering Memorandum and supersedes the information in the Preliminary Offering Memorandum to the
extent inconsistent with the information in the Preliminary Offering Memorandum. Capitalized terms used but not defined in this Pricing Supplement have the respective meanings ascribed to them in the Preliminary Offering Memorandum. 

The notes have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), and are being offered only to
qualified institutional buyers pursuant to Rule 144A under the Securities Act and outside the United States to non-U.S. persons in accordance with Regulation S under the Securities Act. The notes are not transferable except in accordance
with the restrictions described under “Transfer Restrictions” in the Preliminary Offering Memorandum. 
 Terms Applicable to
the 5.125% Senior Notes due 2025 
  

					
	Issuers:	  	 Targa Resources Partners LP
 Targa
Resources Partners Finance Corporation

		
	Principal Amount:	  	$500,000,000
		
	Title of Securities:	  	5.125% Senior Notes due 2025 (the “2025 Notes”)
		
	Final Maturity Date:	  	February 1, 2025
		
	Issue Price:	  	100%, plus accrued interest, if any, from October 6, 2016
		
	Coupon:	  	5.125%
		
	Yield to Maturity:	  	5.125%
		
	Interest Payment Dates:	  	February 1 and August 1, beginning on February 1, 2017
		
	Record Dates:	  	January 15 and July 15
		
	Make-Whole Redemption	  	Make-whole redemption at T+50 basis points prior to February 1, 2020

  
 Annex A-1 

							
	Optional Redemption:	  	In addition, on or after February 1, 2020, the Issuers may redeem all or a part of the 2025 Notes at the redemption prices (expressed as percentages of principal amount) set forth below, plus accrued and unpaid interest
and Liquidated Damages, if any, on the 2025 Notes redeemed, to the applicable redemption date, if redeemed during the twelve-month period beginning on February 1 of each year indicated below:
				
	 	  	 Year
	  	 Price
	  	 
	  	 2020
	  	 103.844%
	  
	  	 2021
	  	 102.563%
	  
	  	 2022
	  	 101.281%
	  
	  	 2023 and thereafter
	  	 100.000%
	  
		
	Optional Redemption After Certain Equity Offerings:	  	 Up to 35% at 105.125% prior to February 1, 2020

		
	Initial Purchasers:	  	 Wells Fargo Securities, LLC

Citigroup Global Markets Inc.

Barclays Capital Inc.

RBC Capital Markets, LLC

BBVA Securities Inc.

PNC Capital Markets LLC

MUFG Securities Americas Inc.

SMBC Nikko Securities America, Inc.

SunTrust Robinson Humphrey, Inc.

TD Securities (USA) LLC

BNP Paribas Securities Corp.

Citizens Capital Markets, Inc.

Scotia Capital (USA) Inc.

		
	Trade Date:	  	 September 22, 2016

		
	Settlement Date:	  	 October 6, 2016 (T+10 business days)

		
	Denominations:	  	 $2,000 and integral multiples of $1,000 in excess thereof

		
	Distribution:	  	 144A and Regulation S with registration rights as set forth in the Preliminary
Offering Memorandum

			
	CUSIP and ISIN Numbers:	  	 2025 144A Notes:
	  	 2025 Reg S Notes:

	  
	  	 CUSIP: 87612BAZ5
 ISIN: US87612BAZ58
	  	 CUSIP: U87571AM4
 ISIN:
USU87571AM45

 Terms Applicable to the 5.375% Senior Notes due 2027 

 

							
	Issuers:	  	 Targa Resources Partners LP
 Targa
Resources Partners Finance Corporation

		
	Principal Amount:	  	$500,000,000
		
	Title of Securities:	  	5.375% Senior Notes due 2027 (the “2027 Notes” and, together with the 2025 Notes, the “notes”)
		
	Final Maturity Date:	  	February 1, 2027
		
	Issue Price:	  	100%, plus accrued interest, if any, from October 6, 2016
		
	Coupon:	  	5.375%
		
	Yield to Maturity:	  	5.375%
		
	Interest Payment Dates:	  	February 1 and August 1, beginning on February 1, 2017
		
	Record Dates:	  	January 15 and July 15
		
	Make-Whole Redemption	  	Make-whole redemption at T+50 basis points prior to February 1, 2022
		
	Optional Redemption:	  	In addition, on or after February 1, 2022, the Issuers may redeem all or a part of the 2027 Notes at the redemption prices (expressed as percentages of principal amount) set forth below, plus accrued and unpaid interest
and Liquidated Damages, if any, on the 2027 Notes redeemed, to the applicable redemption date, if redeemed during the twelve-month period beginning on February 1 of each year indicated below:
				
	 	  	 Year
	  	 Price
	  	 
	  	 2022
	  	 102.688%
	  
	  	 2023
	  	 101.792%
	  
	  	 2024
	  	 100.896%
	  
	  	 2025 and thereafter
	  	 100.000%
	  
		
	Optional Redemption After Certain Equity Offerings:	  	 Up to 35% at 105.375% prior to February 1, 2020

		
	Initial Purchasers:	  	 Wells Fargo Securities, LLC
 Merrill
Lynch, Pierce, Fenner & Smith
                     
Incorporated
 Deutsche Bank Securities Inc.
 Capital One
Securities, Inc.
 Goldman, Sachs & Co.
 J.P. Morgan
Securities LLC
 ABN AMRO Securities (USA) LLC
 Credit Suisse
Securities (USA) LLC
 ING Financial Markets LLC
 Morgan Stanley
& Co. LLC
 BB&T Capital Markets, a division of BB&T Securities, LLC

The Huntington Investment Company
 U.S. Bancorp Investments,
Inc.

		
	Trade Date:	  	September 22, 2016
		
	Settlement Date:	  	October 6, 2016 (T+10 business days)
		
	Denominations:	  	$2,000 and integral multiples of $1,000 in excess thereof

					
		
	Distribution:	  	144A and Regulation S with registration rights as set forth in the Preliminary Offering Memorandum
			
	CUSIP and ISIN Numbers:	  	 2027 144A Notes:
	  	 2027 Reg S Notes:

	  
	  	 CUSIP: 87612BBC5
 ISIN: US87612BBC54
	  	 CUSIP: U87571AN2
 ISIN:
USU87571AN28

		
	Changes to the Preliminary Offering Memorandum	  	The following changes will be made to the Preliminary Offering Memorandum:

 The following disclosure in each location where such information appears in the Preliminary Offering Memorandum is amended to
read as follows: 
 “Concurrently with this offering, we are commencing tender offers (the “Tender Offers”) to purchase for
cash, subject to certain conditions, up to $1,000 million (the “Maximum Purchase Amount”) in aggregate purchase price, excluding accrued interest, of our 5% senior notes due 2018 (the “2018 Notes”),
6 5⁄8% senior notes due 2020 (the “2020 Notes”) and 6 7⁄8%
Senior Notes due 2021 (the “2021 Notes” and together with the 2018 Notes and 2020 Notes, the “Tender Notes”). The tender offers regarding the 2020 Notes and 2021 Notes are subject to $225.0 million and $325.0 million caps (the
“Caps”), respectively.” 
 “We estimate that the net proceeds of this offering will be approximately $992.3 million,
after deducting initial purchasers’ discounts and the estimated expenses of the offering. We intend to use the net proceeds from this offering, together with cash on hand and borrowings under our senior secured credit facility, if needed, to
fund the purchase of Tender Notes in the Tender Offers. This offering is not contingent upon the closing of the Tender Offers. To the extent that the Tender Offers are not completed or the net proceeds of this offering exceed the amount needed to
fund the Tender Offers, we may use the remaining net proceeds from this offering for general partnership purposes, which may include redemptions or repurchases of the Tender Notes, reducing borrowings under our senior secured credit facility,
repaying other indebtedness, working capital and funding capital expenditures and acquisitions.” 
 The following line items supersede and replace in
their entirety the corresponding entries in the “As Adjusted” column as of June 30, 2016 in the table under the heading “Capitalization” in the Preliminary Offering Memorandum. 

 

					
	 Cash and cash equivalents:
	  	$	1,150.8	  
	 5 1⁄8%
Senior Notes due 2025 offered hereby:
	  	 	500.0	  
	 5 3⁄8%
Senior Notes due 2027 offered hereby:
	  	 	500.0	  
	 Debt issuance costs:
	  	 	(38.9	) 
	 Total debt obligations:
	  	 	5,567.1	  
	 Total capitalization:
	  	$	13,009.7	  

 Other information (including financial information) presented in the Preliminary Offering Memorandum is deemed to have
changed to the extent effected by the changes described herein. 
 This material is confidential and is for your information only and is not intended
to be used by anyone other than you. This information does not purport to be a complete description of these notes or the offering. Please refer to the Preliminary Offering Memorandum for a complete description. 

Any disclaimers or other notices that may appear below are not applicable to this communication and should be disregarded. Such disclaimers or other notices
were automatically generated as a result of this communication being sent via Bloomberg email or another communication system. 

 ANNEX B 
  

	1.	Second Amended and Restated Credit Agreement, dated October 3, 2012, among Targa Resources Partners LP, as Borrower, Bank of America, N.A., as Administrative Agent, Collateral Agent, Swing Line Lender and L/C Issuer,
Wells Fargo Bank, National Association and The Royal Bank of Scotland plc, as Co-Syndication Agents, Deutsche Bank Securities Inc. and Barclays Bank PLC as the Co-Documentation Agents and the other lenders party thereto, as amended

  

	2.	Indenture dated as of February 2, 2011, among Targa Resources Partners LP, Targa Resources Partners Finance Corporation, the Guarantors named therein and U.S. Bank National Association, as supplemented

  

	3.	Indenture dated as of January 31, 2012, among Targa Resources Partners LP, Targa Resources Partners Finance Corporation, the Guarantors named therein and U.S. Bank National Association, as supplemented

  

	4.	Indenture dated as of October 25, 2012, among Targa Resources Partners LP, Targa Resources Partners Finance Corporation, the Guarantors named therein and U.S. Bank National Association, as supplemented

  

	5.	Indenture dated as of May 14, 2013, among Targa Resources Partners LP, Targa Resources Partners Finance Corporation, the Guarantors named therein and U.S. Bank National Association, as supplemented 

 

	6.	Indenture dated as of October 28, 2014, among Targa Resources Partners LP, Targa Resources Partners Finance Corporation, the Guarantors named therein and U.S. Bank National Association, as supplemented

  

	7.	Indenture dated as of January 30, 2015 among Targa Resources Partners LP, Targa Resources Partners Finance Corporation and the Guarantors named therein and U.S. Bank National Association, as supplemented

  

	8.	Indenture dated as of May 11, 2015, among Targa Resources Partners LP, Targa Resources Finance Corporation, the Guarantors named therein and U.S. Bank National Association, as supplemented 

 

	9.	Indenture dated as of September 14, 2015, among Targa Resources Partners LP, Targa Resources Finance Corporation, the Guarantors named therein and U.S. Bank National Association, as supplemented 

  
 Annex B-1Exhibit

EXHIBIT 10.1
EXECUTION VERSION

INCREMENTAL AMENDMENT dated as of 
September 28, 2016 (this “Amendment”), to the CREDIT AGREEMENT dated as of April 20, 2016 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”), among COMPASS MINERALS INTERNATIONAL, INC., a Delaware corporation (the “US Borrower”), COMPASS MINERALS CANADA CORP., a corporation continued and amalgamated under the laws of the province of Nova Scotia, Canada (the “Canadian Borrower”), COMPASS MINERALS UK LIMITED, a company incorporated under the laws of England and Wales (the “UK Borrower” and, together with the US Borrower and the Canadian Borrower, the “Borrowers”), the several banks and other financial institutions or entities from time to time party thereto (the “Lenders”) and JPMORGAN CHASE BANK, N.A., as administrative agent for the Lenders and as collateral agent for the Secured Parties.  Capitalized terms used in this Amendment but not otherwise defined shall have the meanings assigned to such terms in the Credit Agreement.
WHEREAS pursuant to the Credit Agreement, the Lenders have agreed to extend credit to the Borrowers on the terms and subject to the conditions set forth therein;
WHEREAS the US Borrower intends to incur Incremental Term Loans in an aggregate principal amount not to exceed $450,000,000 (the “Incremental Tranche A-1 Term Loans”) in accordance with Section 2.26 of the Credit Agreement, the proceeds of which will be used (a) to purchase  (the “Produquímica Acquisition”) the remaining Equity Interests of Produquímica Industria e Comercio S.A. (the “Company”) such that, upon the consummation of such purchase, the Company and its subsidiaries (the assets of which shall include a 50% ownership interest in the Fermavi joint venture) shall be wholly-owned by Compass Minerals do Brasil Ltda, (b) to refinance certain Indebtedness of the Company (the “Refinancing”), (c) to pay fees and expenses related to the foregoing and to this Amendment and (d) to the extent of any such proceeds remaining after application in accordance with the foregoing clauses (a), (b) and (c), for ongoing working capital requirements of the US Borrower and its Restricted Subsidiaries and other general corporate purposes;
WHEREAS the US Borrower has requested, and the Required Lenders have consented to, the amendment of certain provisions of the Credit Agreement as set forth herein and also such amendments to permit the incurrence of the Incremental Tranche A-1 Term Loans under the Credit Agreement;
WHEREAS the US Borrower has requested that the financial institutions set forth on Schedule I hereto (the “Incremental Tranche A-1 Term Lenders”) commit to make the Incremental Tranche A-1 Term Loans on the Amendment Effective Date (the 

2

commitment of each Incremental Tranche A-1 Term Lender to provide its applicable portion of the Incremental Tranche A-1 Term Loans, as set forth opposite such Incremental Tranche A-1 Term Lender’s name on Schedule I hereto, is such Incremental Tranche A-1 Term Lender’s “Incremental Tranche A-1 Term Commitment”);
WHEREAS the Incremental Tranche A-1 Term Lenders are willing to make the Incremental Tranche A-1 Term Loans to the US Borrower on the Amendment Effective Date on the terms and subject to the conditions set forth herein;
WHEREAS this Amendment constitutes an Incremental Amendment under the Credit Agreement; and
WHEREAS (a) JPMorgan Chase Bank, N.A. has been appointed as a joint lead arranger, a joint bookrunner and the administrative agent, (b) each of Bank of America, N.A. and PNC Bank, National Association have been appointed as a joint lead arranger, a joint bookrunner and a co-syndication agent and (c) each of Coöperatieve Rabobank U.A., New York Branch, Fifth Third Bank and Bank of Montreal have been appointed as co-documentation agents, in each case in respect of the Incremental Tranche A-1 Term Commitments and the Incremental Tranche A-1 Term Loans.
NOW, THEREFORE, in consideration of the mutual agreements herein contained and other good and valuable consideration, the sufficiency and receipt of which are hereby acknowledged, and subject to the conditions set forth herein, the parties hereto hereby agree as follows:
SECTION 1.  Incremental Tranche A-1 Term Loans.
(a)      Subject to the satisfaction of the conditions precedent set forth in Section 4 hereof, each Incremental Tranche A-1 Term Lender agrees, severally and not jointly, to make, on the Amendment Effective Date, an Incremental Tranche A-1 Term Loan to the US Borrower in an aggregate principal amount equal to its Incremental Tranche A-1 Term Commitment.  The Net Cash Proceeds of the Incremental Tranche A-1 Term Loans shall be used by the US Borrower for the purposes set forth in the recitals to this Amendment.  The transactions contemplated by this Section 1(a) are collectively referred to as the “Incremental Facility Transactions”.
(b)      On and after the Amendment Effective Date, (i) each reference to the terms “Term Loan Commitment” and “Commitment” in the Loan Documents shall be deemed to include the Incremental Tranche A-1 Term Commitments, (ii) each reference to the terms “Term Loans” and “Loans” in the Loan Documents shall be deemed to include the Incremental Tranche A-1 Term Loans and (iii) each reference to the terms “Term Lender” and “Lender” in the Loan Documents shall be deemed to include the Incremental Tranche A-1 Term Lenders.  For the avoidance of doubt, (i) the Incremental Tranche A-1 Term Commitments shall constitute “Incremental Term Commitments”, (ii) the Incremental Tranche A-1 Term 

        

3

Loans shall constitute “Incremental Term Loans” and (iii) the Incremental Tranche A-1 Term Lenders shall constitute “Incremental Term Lenders”, in each case for purposes of the Loan Documents.
(c)      On and after the Amendment Effective Date, the Incremental Tranche A-1 Term Loans shall constitute a separate Class of Term Loans for all purposes of the Credit Agreement.
(d)      The Term Loan Maturity Date with respect to the Incremental Tranche A-1 Term Loans shall be July 1, 2021 (the “Incremental Tranche A-1 Term Maturity Date”); provided, however, that if the Produquímica Acquisition and the Refinancing shall not have occurred on or prior to December 31, 2016, then the Incremental Tranche A-1 Term Maturity Date shall be December 31, 2016.
(e)      The US Borrower may make only one Borrowing under the Incremental Tranche A-1 Term Commitments on the Amendment Effective Date.  Any amount borrowed under this Section 1 and subsequently repaid or prepaid may not be reborrowed.  Subject to Sections 2.11 and 2.12 of the Credit Agreement, all amounts owed with respect to the Incremental Tranche A-1 Term Loans shall be paid in full no later than the Incremental Tranche A-1 Term Maturity Date.  Each Incremental Tranche A-1 Term Lender’s Incremental Tranche A-1 Term Commitment shall terminate immediately and without further action on the Amendment Effective Date after giving effect to the initial funding of such Incremental Tranche A-1 Term Lender’s Incremental Tranche A-1 Term Loans on the Amendment Effective Date.  The Incremental Tranche A-1 Term Loans shall be denominated in Dollars.
(f)          The US Borrower shall repay to the Incremental Tranche A-1 Term Lenders the Incremental Tranche A-1 Term Loans on the last day of each March, June, September and December, beginning with December 31, 2016, in an aggregate principal amount for each such date equal to 0.25% of the aggregate principal amount of the Incremental Tranche A-1 Term Loans outstanding on the Amendment Effective Date (which amounts shall be reduced as a result of the application of prepayments in accordance with the priority set forth in Section 2.12 of the Credit Agreement); provided, however, that the final principal repayment installment of the Incremental Tranche A-1 Term Loans shall be repaid on the Incremental Tranche A-1 Term Maturity Date and in any event shall be in an amount equal to the aggregate principal amount of all Incremental Tranche A-1 Term Loans outstanding on such date.
(g)      The Applicable Margin in respect of the Incremental Tranche A-1 Term Loans shall be (i) in the case of Eurocurrency Loans, 2.00% per annum and (ii) in the case of Base Rate Loans, 1.00% per annum.
SECTION 2.      Amendments to the Credit Agreement.

        

4

(a)      Section 1.01 of the Credit Agreement is hereby amended by inserting the following definitions in the appropriate alphabetical order:
“First Incremental Amendment” shall mean the Incremental Amendment dated as of September 28, 2016, among each Borrower, the Administrative Agent and the Lenders party thereto.
“First Incremental Effective Date” shall mean the date on which the First Incremental Amendment becomes effective in accordance with its terms.
“Incremental Tranche A-1 Term Loans” shall mean the Incremental Term Loans made to the US Borrower on the First Incremental Effective Date in accordance with Section 1 of the First Incremental Amendment.
(b)      Section 2.11(c) of the Credit Agreement is hereby amended by inserting the following sentence at the end thereof:
In addition to the foregoing, no later than the date of receipt by any Group Member of any Net Cash Proceeds from the incurrence of any Indebtedness for borrowed money of any Group Member under clause (n)(ii), (r), (s) or (u) of Section 6.01, the US Borrower shall prepay the principal amount of the outstanding Incremental Tranche A-1 Term Loans, if any, as set forth in Section 2.12(b) in an aggregate amount equal to 100% of such Net Cash Proceeds.
(c)      Section 2.12(b) of the Credit Agreement is hereby amended by inserting the following sentence at the end thereof:
Notwithstanding the foregoing, any amount required to be paid pursuant to the last sentence of Section 2.11(c) shall be applied solely to prepay the outstanding Incremental Tranche A-1 Term Loans, if any, and applied within such Class as set forth in clauses (i) and (ii) of this Section 2.12(b).
(d)      The Lenders party hereto hereby agree that (i) solely for purposes of permitting the Incremental Facility Transactions, the cap on the aggregate principal amount of Incremental Commitments set forth in subclause (A) of Section 2.26(a) of the Credit Agreement (the “Incremental Starter Basket”) shall be increased by an additional $150,000,000 (the amount of such increase, the “Additional Incremental Starter Basket”) (it being understood and agreed that (A) the incurrence of the Incremental Tranche A-1 Term Loans shall constitute a utilization of Incremental Commitments pursuant to, first, the Incremental Starter Basket (prior to giving effect to the Additional Incremental Starter Basket) and, second, the Additional Incremental Starter Basket and (B) the Additional Incremental Starter Basket may only be used to permit the Incremental Facility Transactions), and (ii) the Produquímica Acquisition is deemed to be a Permitted Acquisition for all purposes 

        

5

under the Credit Agreement.  In the event that the Produquímica Acquisition and the Refinancing shall not have occurred on or prior to December 31, 2016, and the Incremental Tranche A-1 Term Loans have been repaid or prepaid in full on or prior to such date, the Incremental Starter Basket shall be increased by an amount equal to the aggregate principal amount of the Incremental Tranche A-1 Term Loans so repaid or prepaid (without duplication of any increase in the Incremental Starter Basket that results from the operation of Section 2.26(a) of the Credit Agreement); provided that the aggregate principal amount of the Incremental Starter Basket shall, in no event, exceed $300,000,000.
(e)      Section 2 of Schedule 5.18 of the Credit Agreement is hereby amended by deleting the text “No later than 90 days after the Closing Date” and replacing it with the text “No later than 60 days after the First Incremental Effective Date”.
SECTION 3.      Representations and Warranties.  Each Borrower represents and warrants to the Administrative Agent and to each of the Lenders that:
(a)      This Amendment has been duly authorized, executed and delivered by an authorized officer of such Borrower and constitutes a legal, valid and binding obligation of such Borrower, enforceable against such Borrower in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting creditors’ rights generally, regardless of whether considered in a proceeding in equity or at law.
(b)      The reaffirmation attached to this Amendment as Exhibit A (the “Reaffirmation”) has been duly authorized, executed and delivered by a duly authorized officer of the US Borrower and each Domestic Subsidiary Guarantor and constitutes a legal, valid and binding obligation of the US Borrower and each Domestic Subsidiary Guarantor, enforceable against the US Borrower and each Domestic Subsidiary Guarantor in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting creditors’ rights generally, regardless of whether considered in a proceeding in equity or at law.
SECTION 4.      Effectiveness.  This Amendment shall become effective as of the date (the “Amendment Effective Date”):
(a)      the Administrative Agent shall have received (i) counterparts of this Amendment that, when taken together, bear the signatures of each Borrower, the Administrative Agent, each Incremental Tranche A-1 Term Lender and the Required Lenders, (ii) counterparts of the Reaffirmation that, when taken together, bear the signatures of the US Borrower and each Domestic Subsidiary Guarantor, (iii) a certificate of the secretary or assistant secretary (or other officer reasonably acceptable to the Administrative Agent) of the US Borrower and each Domestic Subsidiary Guarantor dated as of the Amendment Effective Date in a 

        

6

form substantially consistent with the certificates delivered on the Closing Date pursuant to Section 4.01(i)(ii) of the Credit Agreement and certifying that (A) attached thereto is a true and complete copy of the Organizational Documents of such Loan Party as in effect on the Amendment Effective Date, (B) that attached thereto is a true and complete copy of resolutions duly adopted by the board of directors or similar governing body of such Loan Party (and, if applicable, any parent company of such Loan Party) approving and authorizing the execution, delivery and performance, as applicable, of this Amendment and the Reaffirmation and the consummation of the Incremental Facility Transactions, and that such resolutions have not been modified, rescinded or amended and are in full force and effect, (C) that the certificate or articles of incorporation, formation or organization, as applicable, of such Loan Party have not been amended since the date of the last amendment thereto shown on the certificate of good standing furnished pursuant to clause (v) below and (D) as to the incumbency and specimen signature of each Person authorized to execute the Amendment or the Reaffirmation, as applicable, or any other document delivered in connection with this Amendment on behalf of such Loan Party, (iv) a certificate of another officer as to the incumbency and specimen signature of the secretary or assistant secretary (or other officer reasonably acceptable to the Administrative Agent) executing each certificate pursuant to clause (iii) above, (v) a copy of the certificate of good standing of each of the US Borrower and each Domestic Subsidiary Guarantor from the Secretary of State or other applicable Governmental Authority of the jurisdiction in which such Loan Party is organized (dated as of a date reasonably near the Amendment Effective Date) and (vi) customary executed legal opinions of Latham & Watkins LLP, special counsel to the Loan Parties, dated as of the Amendment Effective Date, addressed to the Administrative Agent and the Lenders and covering such matters relating to this Amendment and the Incremental Facility Transactions as the Administrative Agent may reasonably request;
(b)      as of the Amendment Effective Date, no Event of Default shall have occurred and be continuing or would exist after giving effect to the Incremental Tranche A-1 Term Commitments;
(c)      each representation and warranty set forth in Section 3 hereof and each other representation and warranty made by any Loan Party in or pursuant to the Loan Documents is true and correct in all material respects on and as of the Amendment Effective Date, except to the extent such representation and warranty expressly relates to an earlier date (in which case such representation and warranty is true and correct in all material respects as of such earlier date); provided that any representation and warranty that is qualified as to “materiality”, “Material Adverse Effect” or similar language is true and correct (after giving effect to any qualification therein) in all respects on such respective dates;

        

7

(d)      after giving pro forma effect to this Amendment and the Incremental Tranche A-1 Term Commitments and the Incremental Tranche A-1 Term Loans (including the use of proceeds thereof), the US Borrower shall be in pro forma compliance with the covenants set forth in Section 6.13 of the Credit Agreement, recomputed as of the last day of the most recently ended Test Period (without netting the cash proceeds of the Incremental Tranche A-1 Term Loans);
(e)      the fees and expenses required to be paid pursuant to Section 9 hereof shall have been paid on or substantially simultaneously with (but in no event later than) the Amendment Effective Date;
(f)      the US Borrower shall have delivered to the Administrative Agent, in accordance with Section 2.02 of the Credit Agreement, a Borrowing Notice with respect to the Borrowing of the Incremental Tranche A-1 Term Loans to be made on the Amendment Effective Date; and
(g)      the US Borrower shall have delivered to the Administrative Agent (i) a completed Flood Certificate with respect to each Mortgaged Property, which Flood Certificate shall (A) be addressed to the Administrative Agent, (B) be completed by a company which has guaranteed the accuracy of the information contained therein, and (C) otherwise comply with the Flood Program; (ii) evidence describing whether the community in which each Mortgaged Property is located participates in the Flood Program; (iii) if any Flood Certificate states that a Mortgaged Property is located in a Flood Zone, the US Borrower’s written acknowledgement of receipt of written notification from the Administrative Agent (A) as to the existence of each such Mortgaged Property and (B) as to whether the community in which each such Mortgaged Property is located is participating in the Flood Program; and (iv) if any Mortgaged Property is located in a Flood Zone and is located in a community that participates in the Flood Program, evidence that the applicable Loan Party has obtained a policy of flood insurance that is in compliance with all applicable regulations of the Board of Governors.
The parties hereto hereby agree that, upon satisfaction of the conditions precedent set forth in clauses (a) through (g) (inclusive) of this Section 4 and notwithstanding anything in this Amendment to the contrary, the amendments set forth in Section 2(d) hereof shall become effective immediately prior to the effectiveness of the Incremental Tranche A-1 Term Commitments.
SECTION 5.      Mortgage Covenant.  The US Borrower agrees that, not later than the date that is 30 days after the Amendment Effective Date (or such longer period of time as the Administrative Agent, in its sole discretion, may agree in writing), it shall take all such actions and execute and deliver to the Administrative Agent, or caused to be executed and delivered to the Administrative Agent, all such amendments to the Mortgages and other documents, instruments, agreements and certificates that the Administrative Agent shall reasonably request to ensure that the Mortgages in effect as of the Amendment Effective Date continue to create in favor of the Administrative Agent, 

        

8

for the benefit of the Secured Parties, a valid first-priority security interest (subject to Permitted Prior Liens) in the Material Real Property covered by such Mortgages after giving effect to the Incremental Facility Transactions and shall deliver to the Administrative Agent title searches and opinions with respect to the foregoing.
SECTION 6.      Credit Agreement.  Except as expressly set forth herein, this Amendment (a) shall not by implication or otherwise limit, impair, constitute a waiver of or otherwise affect the rights and remedies of the Lenders, the Administrative Agent, the US Borrower or any other Loan Party under the Credit Agreement or any other Loan Document and (b) shall not alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other Loan Document, all of which are ratified and affirmed in all respects and shall continue in full force and effect.  Nothing herein shall be deemed to entitle the US Borrower or any other Loan Party to any future consent to, or waiver, amendment, modification or other change of, any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other Loan Document in similar or different circumstances.  After the date hereof, any reference in the Loan Documents to the Credit Agreement shall mean the Credit Agreement as modified hereby.  This Amendment shall constitute a “Loan Document” for all purposes of the Credit Agreement and the other Loan Documents.
SECTION 7.      Applicable Law; Submission to Jurisdiction and Waivers; Waiver of Jury Trial.  (a) THIS AMENDMENT AND ANY DISPUTE, CLAIM OR CONTROVERSY ARISING OUT OF OR RELATING TO THIS AMENDMENT (WHETHER ARISING IN CONTRACT, TORT OR OTHERWISE) SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICTS OF LAW RULES THAT WOULD RESULT IN THE APPLICATION OF A DIFFERENT GOVERNING LAW.
(b)      EACH PARTY HERETO HEREBY AGREES AS SET FORTH IN SECTIONS 9.13 AND 9.16 OF THE CREDIT AGREEMENT AS IF SUCH SECTIONS WERE SET FORTH IN FULL HEREIN.
SECTION 8.      Counterparts; Amendment.  This Amendment may be executed by one or more of the parties to this Amendment on any number of separate counterparts (including by facsimile or other electronic means), and all of said counterparts taken together shall be deemed to constitute one and the same instrument.  Delivery of an executed signature page of this Amendment by facsimile or other electronic transmission (e.g. “pdf” or “tif” format) shall be effective as delivery of a manually executed counterpart hereof.  This Amendment may not be amended nor may any provision hereof be waived except pursuant to a writing signed by the US Borrower, the Administrative Agent, the Incremental Tranche A-1 Term Lenders and the Required Lenders.

        

9

SECTION 9.      Fee; Expenses.  (a) The US Borrower hereby agrees to pay to the Administrative Agent, for the account of each Incremental Tranche A-1 Term Lender, an upfront fee (the “Upfront Fees”) in an amount equal to 0.30% of the aggregate Incremental Tranche A-1 Term Commitment of such Incremental Tranche A-1 Term Lender as set forth on Schedule I hereto.  The Upfront Fees will be paid in immediately available funds on, and subject to the occurrence of, the Amendment Effective Date and shall not be refundable.
(b)      The US Borrower hereby agrees to reimburse the Administrative Agent for its reasonable out-of-pocket expenses in connection with this Amendment to the extent required under Section 9.05 of the Credit Agreement.
SECTION 10.  Headings.  The Section headings used in this Amendment are for convenience of reference only and are not to affect the construction hereof or be taken into consideration in the interpretation hereof.

[Signature Pages Follow]

        

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed by their respective authorized officers as of the day and year first written above.

	
		
	COMPASS MINERALS INTERNATIONAL, INC.

	By

	 
	/s/ Diana C. Toman

	 
	Name:   Diana C. Toman

	 
	Title:   Senior Vice President, General Counsel and Corporate Secretary

	
		
	COMPASS MINERALS CANADA CORP.

	By

	 
	/s/ James D. Standen

	 
	Name:   James D. Standen

	 
	Title:   Treasurer

	
		
	COMPASS MINERALS UK LIMITED

	By

	 
	/s/ Caroline McAlindon

	 
	Name:   Caroline McAlindon

	 
	Title:   Director and Secretary

[Incremental Amendment Signature Page]

        

	
		
	JPMORGAN CHASE BANK, N.A., in its respective capacities as Administrative Agent, an Incremental Tranche A-1 Term Lender, a Revolving Lender and a Term Lender

	 

	By

	 
	/s/ Peter S. Predun

	 
	Name:   Peter S. Predun

	 
	Title:   Executive Director

	 
	 

	 
	 

[Compass – Incremental Amendment Signature Page]

LENDER SIGNATURE PAGE TO THE INCREMENTAL AMENDMENT TO THE CREDIT AGREEMENT DATED AS OF APRIL 20, 2016, AMONG COMPASS MINERALS INTERNATIONAL, INC., COMPASS MINERALS CANADA CORP., COMPASS MINERALS UK LIMITED, THE SEVERAL BANKS AND OTHER FINANCIAL INSTITUTIONS OR ENTITIES FROM TIME TO TIME PARTY THERETO AND JPMORGAN CHASE BANK, N.A., AS ADMINISTRATIVE AGENT AND COLLATERAL AGENT

	
		
	 

	Bank of America, N.A.

	Lender Name

	
		
	 

	By:
	/s/ Dianne M. Smith

	 
	Name:   Dianne M. Smith

	 
	Title:   SVP

For Lenders that require an additional signature:

	
		
	 

	By:
	 

	 
	Name:   

	 
	Title:   

þ Check the box if the Lender will provide an
 Incremental Tranche A-1 Term Commitment

[Compass – Incremental Amendment Signature Page]

LENDER SIGNATURE PAGE TO THE INCREMENTAL AMENDMENT TO THE CREDIT AGREEMENT DATED AS OF APRIL 20, 2016, AMONG COMPASS MINERALS INTERNATIONAL, INC., COMPASS MINERALS CANADA CORP., COMPASS MINERALS UK LIMITED, THE SEVERAL BANKS AND OTHER FINANCIAL INSTITUTIONS OR ENTITIES FROM TIME TO TIME PARTY THERETO AND JPMORGAN CHASE BANK, N.A., AS ADMINISTRATIVE AGENT AND COLLATERAL AGENT

	
		
	 

	Bank of Montreal

	Lender Name

	
		
	 

	By:
	/s/ Joshua Hovermale

	 
	Name:   Joshua Hovermale

	 
	Title:   Vice President

For Lenders that require an additional signature:

	
		
	 

	By:
	 

	 
	Name:   

	 
	Title:   

þ Check the box if the Lender will provide an
 Incremental Tranche A-1 Term Commitment

[Compass – Incremental Amendment Signature Page]

LENDER SIGNATURE PAGE TO THE INCREMENTAL AMENDMENT TO THE CREDIT AGREEMENT DATED AS OF APRIL 20, 2016, AMONG COMPASS MINERALS INTERNATIONAL, INC., COMPASS MINERALS CANADA CORP., COMPASS MINERALS UK LIMITED, THE SEVERAL BANKS AND OTHER FINANCIAL INSTITUTIONS OR ENTITIES FROM TIME TO TIME PARTY THERETO AND JPMORGAN CHASE BANK, N.A., AS ADMINISTRATIVE AGENT AND COLLATERAL AGENT

	
		
	 

	Bank of Montreal

	Lender Name

	
		
	 

	By:
	/s/ Sean P. Gallaway

	 
	Name:   Sean P. Gallaway

	 
	Title:   Vice President

For Lenders that require an additional signature:

	
		
	 

	By:
	 

	 
	Name:   

	 
	Title:   

þ Check the box if the Lender will provide an
 Incremental Tranche A-1 Term Commitment

[Compass – Incremental Amendment Signature Page]

LENDER SIGNATURE PAGE TO THE INCREMENTAL AMENDMENT TO THE CREDIT AGREEMENT DATED AS OF APRIL 20, 2016, AMONG COMPASS MINERALS INTERNATIONAL, INC., COMPASS MINERALS CANADA CORP., COMPASS MINERALS UK LIMITED, THE SEVERAL BANKS AND OTHER FINANCIAL INSTITUTIONS OR ENTITIES FROM TIME TO TIME PARTY THERETO AND JPMORGAN CHASE BANK, N.A., AS ADMINISTRATIVE AGENT AND COLLATERAL AGENT

	
		
	 

	Bank of Montreal, London Branch

	Lender Name

	
		
	 

	By:
	/s/ Toby Ebdon

	 
	Name:   Toby Ebdon

	 
	Title:   MD

For Lenders that require an additional signature:

	
		
	 

	By:
	/s/ Andy McClinton

	 
	Name:   Andy McClinton

	 
	Title:   MD

þ Check the box if the Lender will provide an
 Incremental Tranche A-1 Term Commitment

[Compass – Incremental Amendment Signature Page]

LENDER SIGNATURE PAGE TO THE INCREMENTAL AMENDMENT TO THE CREDIT AGREEMENT DATED AS OF APRIL 20, 2016, AMONG COMPASS MINERALS INTERNATIONAL, INC., COMPASS MINERALS CANADA CORP., COMPASS MINERALS UK LIMITED, THE SEVERAL BANKS AND OTHER FINANCIAL INSTITUTIONS OR ENTITIES FROM TIME TO TIME PARTY THERETO AND JPMORGAN CHASE BANK, N.A., AS ADMINISTRATIVE AGENT AND COLLATERAL AGENT

	
		
	 

	BOKF, NA dba Bank of Kansas City

	Lender Name

	
		
	 

	By:
	/s/ Ryan W. Humphrey

	 
	Name:   Ryan W. Humphrey

	 
	Title:   Vice President

For Lenders that require an additional signature:

	
		
	 

	By:
	 

	 
	Name:   

	 
	Title:   

 ̈ Check the box if the Lender will provide an
 Incremental Tranche A-1 Term Commitment

[Compass – Incremental Amendment Signature Page]

LENDER SIGNATURE PAGE TO THE INCREMENTAL AMENDMENT TO THE CREDIT AGREEMENT DATED AS OF APRIL 20, 2016, AMONG COMPASS MINERALS INTERNATIONAL, INC., COMPASS MINERALS CANADA CORP., COMPASS MINERALS UK LIMITED, THE SEVERAL BANKS AND OTHER FINANCIAL INSTITUTIONS OR ENTITIES FROM TIME TO TIME PARTY THERETO AND JPMORGAN CHASE BANK, N.A., AS ADMINISTRATIVE AGENT AND COLLATERAL AGENT

	
		
	 

	THE BANK OF NOVA SCOTIA

	Lender Name

	
		
	 

	By:
	/s/ Sangeeta Shah

	 
	Name:   Sangeeta Shah

	 
	Title:   Director

 ̈ Check the box if the Lender will provide an
 Incremental Tranche A-1 Term Commitment

[Compass – Incremental Amendment Signature Page]

LENDER SIGNATURE PAGE TO THE INCREMENTAL AMENDMENT TO THE CREDIT AGREEMENT DATED AS OF APRIL 20, 2016, AMONG COMPASS MINERALS INTERNATIONAL, INC., COMPASS MINERALS CANADA CORP., COMPASS MINERALS UK LIMITED, THE SEVERAL BANKS AND OTHER FINANCIAL INSTITUTIONS OR ENTITIES FROM TIME TO TIME PARTY THERETO AND JPMORGAN CHASE BANK, N.A., AS ADMINISTRATIVE AGENT AND COLLATERAL AGENT

	
		
	 

	Fifth Third Bank

	Lender Name

	
		
	 

	By:
	/s/ Christopher Mosley

	 
	Name:   Christopher Mosley

	 
	Title:   Vice President

For Lenders that require an additional signature:

	
		
	 

	By:
	 

	 
	Name:   

	 
	Title:   

þ Check the box if the Lender will provide an
 Incremental Tranche A-1 Term Commitment

[Compass – Incremental Amendment Signature Page]

LENDER SIGNATURE PAGE TO THE INCREMENTAL AMENDMENT TO THE CREDIT AGREEMENT DATED AS OF APRIL 20, 2016, AMONG COMPASS MINERALS INTERNATIONAL, INC., COMPASS MINERALS CANADA CORP., COMPASS MINERALS UK LIMITED, THE SEVERAL BANKS AND OTHER FINANCIAL INSTITUTIONS OR ENTITIES FROM TIME TO TIME PARTY THERETO AND JPMORGAN CHASE BANK, N.A., AS ADMINISTRATIVE AGENT AND COLLATERAL AGENT

	
		
	 

	GOLDMAN SACHS LENDING PARTNERS LLC

	Lender Name

	
		
	 

	By:
	/s/ Mehmet Barlas

	 
	Name:   Mehmet Barlas

	 
	Title:   Authorized Signatory

For Lenders that require an additional signature:

	
		
	 

	By:
	 

	 
	Name:   

	 
	Title:   

 ̈ Check the box if the Lender will provide an
 Incremental Tranche A-1 Term Commitment

[Compass – Incremental Amendment Signature Page]

LENDER SIGNATURE PAGE TO THE INCREMENTAL AMENDMENT TO THE CREDIT AGREEMENT DATED AS OF APRIL 20, 2016, AMONG COMPASS MINERALS INTERNATIONAL, INC., COMPASS MINERALS CANADA CORP., COMPASS MINERALS UK LIMITED, THE SEVERAL BANKS AND OTHER FINANCIAL INSTITUTIONS OR ENTITIES FROM TIME TO TIME PARTY THERETO AND JPMORGAN CHASE BANK, N.A., AS ADMINISTRATIVE AGENT AND COLLATERAL AGENT

	
		
	 

	Lloyds Bank plc,

	 

	
		
	 

	By:
	/s/ Daven Popat

	 
	Name:   Daven Popat

	 
	Title:   Senior Vice President Transaction Execution
            Category A 
            P003

	
		
	 

	By:
	/s/ Joel Slomko

	 
	Name:   Joel Slomko

	 
	Title:   Assistant Vice President
            Transaction Execution
            Category A 
            S088

 ̈ Check the box if the Lender will provide an
 Incremental Tranche A-1 Term Commitment

[Compass – Incremental Amendment Signature Page]

LENDER SIGNATURE PAGE TO THE INCREMENTAL AMENDMENT TO THE CREDIT AGREEMENT DATED AS OF APRIL 20, 2016, AMONG COMPASS MINERALS INTERNATIONAL, INC., COMPASS MINERALS CANADA CORP., COMPASS MINERALS UK LIMITED, THE SEVERAL BANKS AND OTHER FINANCIAL INSTITUTIONS OR ENTITIES FROM TIME TO TIME PARTY THERETO AND JPMORGAN CHASE BANK, N.A., AS ADMINISTRATIVE AGENT AND COLLATERAL AGENT

	
		
	 

	 

	PNC Bank, National Association

	
		
	 

	By:
	/s/ David Bentzinger

	 
	Name:   David Bentzinger

	 
	Title:   Senior Vice President

þ Check the box if the Lender will provide an
 Incremental Tranche A-1 Term Commitment

[Compass – Incremental Amendment Signature Page]

LENDER SIGNATURE PAGE TO THE INCREMENTAL AMENDMENT TO THE CREDIT AGREEMENT DATED AS OF APRIL 20, 2016, AMONG COMPASS MINERALS INTERNATIONAL, INC., COMPASS MINERALS CANADA CORP., COMPASS MINERALS UK LIMITED, THE SEVERAL BANKS AND OTHER FINANCIAL INSTITUTIONS OR ENTITIES FROM TIME TO TIME PARTY THERETO AND JPMORGAN CHASE BANK, N.A., AS ADMINISTRATIVE AGENT AND COLLATERAL AGENT

	
		
	 

	Coöperatieve Rabobank U.A., New York Branch

	Lender Name

	
		
	 

	By:
	/s/ Bert Corum

	 
	Name:   Bert Corum

	 
	Title:   Executive Director

For Lenders that require an additional signature:

	
		
	 

	By:
	/s/ Jeff Geisbauer

	 
	Name:   Jeff Geisbauer

	 
	Title:   Executive Director

þ Check the box if the Lender will provide an
 Incremental Tranche A-1 Term Commitment

[Compass – Incremental Amendment Signature Page]

LENDER SIGNATURE PAGE TO THE INCREMENTAL AMENDMENT TO THE CREDIT AGREEMENT DATED AS OF APRIL 20, 2016, AMONG COMPASS MINERALS INTERNATIONAL, INC., COMPASS MINERALS CANADA CORP., COMPASS MINERALS UK LIMITED, THE SEVERAL BANKS AND OTHER FINANCIAL INSTITUTIONS OR ENTITIES FROM TIME TO TIME PARTY THERETO AND JPMORGAN CHASE BANK, N.A., AS ADMINISTRATIVE AGENT AND COLLATERAL AGENT

	
		
	 

	Wells Fargo Bank, NA, 

	Lender Name

	
		
	 

	By:
	/s/ Damon Bodenhamer

	 
	Name:   Damon Bodenhamer

	 
	Title:   Vice President

For Lenders that require an additional signature:

	
		
	 

	By:
	NA

	 
	Name:   

	 
	Title:   

 ̈ Check the box if the Lender will provide an
 Incremental Tranche A-1 Term Commitment

[Compass – Incremental Amendment Signature Page]

SCHEDULE I

Incremental Tranche A-1 Term Lenders

	
		
	Name

	Incremental Tranche A-1 Term Commitment

	JPMorgan Chase Bank, N.A.
	$60,000,000.00

	Bank of America, N.A.
	125,000,000.00

	PNC Bank, National Association
	70,000,000.00

	Fifth Third Bank
	50,000,000.00

	Bank of Montreal
	65,000,000.00

	Coöperatieve Rabobank U.A., New York Branch
	80,000,000.00

	Total
	$450,000,000.00

EXHIBIT A

Reaffirmation

Each of the undersigned Guarantors hereby consents to Incremental Amendment to which this Exhibit A is attached (the “Amendment”) and the transactions contemplated thereby (capitalized terms used in this Reaffirmation but not otherwise defined shall have the meanings assigned to such terms in the Amendment or in the Credit Agreement referred to therein).  The US Borrower and each of the undersigned Guarantors further (a) affirms and confirms its respective guarantees, pledges, grants of security interests and other obligations under the Credit Agreement and each of the other Loan Documents to which it is a party, in respect of, and to secure, the Obligations of the Borrower, including, without limitation, the Original Term Loans, the Revolving Loans and the Incremental Tranche A-1 Term Loans and (b) agrees that, notwithstanding the effectiveness of the Amendment and the transactions contemplated thereby, the Loan Documents to which it is a party, and such guarantees, pledges, grants of security interests and other obligations thereunder, shall continue to be in full force and effect in accordance with the terms thereof.

[Signature pages follow]

	
		
	COMPASS MINERALS INTERNATIONAL, INC. 
NAMSCO INC. 
COMPASS MINERALS AMERICA INC. 
COMPASS MINERALS LOUISIANA INC. 
COMPASS MINERALS USA INC. 
GREAT SALT LAKE HOLDINGS, LLC 
GSL CORPORATION 
COMPASS MINERALS OGDEN INC.

	By

	 
	/s/ Diana C. Toman

	 
	Name:   Diana C. Toman

	 
	Title:   Senior Vice President, General Counsel and Corporate Secretary

	 
	 

[Reaffirmation Signature Page]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00262-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00262-of-00352.parquet"}]]