Document:

EX-10.1

 Exhibit 10.1 
 REGISTRATION RIGHTS AGREEMENT 
 This REGISTRATION RIGHTS AGREEMENT (this
“Agreement”) is made and entered into as of August 9, 2013, among Constellation Energy Partners LLC, a Delaware limited liability company (including any successor thereto, the “Company”), and
Sanchez Energy Partners I, LP, a Delaware limited partnership (the “Purchaser”). 
 This Agreement is
made pursuant to the Contribution Agreement (the “Contribution Agreement”), dated as of the date hereof, between the Company and the Purchaser, and the execution and delivery of this Agreement is a condition precedent to
consummation of the transactions contemplated by the Contribution Agreement. 
 The Company and the Purchaser hereby agree as
follows: 
 1. Definitions. 
 Capitalized terms used and not otherwise defined herein that are defined in the Contribution Agreement shall have the meanings given such terms in the Contribution Agreement. As used in this Agreement,
the following terms shall have the following meanings: 
 “Advice” shall have the meaning set forth in
Section 6(c). 
 “Company Securities” shall have the meaning set forth in the Operating Agreement,
and includes any equity securities issued or issuable with respect thereto. 
 “Common Units” shall have
the meaning set forth in the Operating Agreement, and includes any equity securities issued or issuable with respect thereto (including by recapitalization, merger or other event or occurrence). 

“Demand Registration” shall have the meaning set forth in Section 2(a). 

“EDGAR” means the Electronic Data Gathering, Analysis, and Retrieval system maintained by the Commission.

 “Effectiveness Period” shall mean, with respect to a particular Registration Statement, the period
beginning when such Registration Statement is declared effective under the Securities Act and ending on the earliest of (a) three years after such Registration Statement is first declared effective (excluding a Registration Statement on Form
S-3 with respect to which the three-year limitation in Rule 415(a)(5) is not applicable unless post-effectively amended on Form S-1, in which case such three-year period would run from the effective date of such post-effective amendment),
(b) the time the Registrable Securities covered by such Registration Statement have been sold or otherwise disposed of by the Holder, and (c) such time as both (A) the Registrable Securities then covered by such Registration Statement
may be sold pursuant to Rule 144 where no conditions of Rule 144 are then applicable (other than the holding period requirement in paragraph (d)(1)(ii) of Rule 144 so long as such holding period requirement is then satisfied at such time), as
determined by the Company in good faith based in part on a written opinion letter of counsel to such effect, which opinion letter shall be addressed and acceptable to the Company, the Transfer Agent and the affected Holders, and (B) no Holder
beneficially owns Common Units (on an as-converted basis) in excess of 5% of the then outstanding securities of such class. 

 “Existing Shelf Registration Statement” means that Registration
Statement on Form S-3 filed January 20, 2011 by the Company with the Commission (Registration No. 333-171792). 

“FINRA” shall have the meaning set forth in Section 3(g). 

“Holder” or “Holders” means the Purchaser and, upon compliance with Section 6(h), any
other Person that is the beneficial owner of Registrable Securities as a result of the sale, assignment or other transfer of Registrable Securities (or any of the Unit Consideration that is not itself a Registrable Security) beneficially owned by
the Purchaser or other Company Securities issuable or issued upon the conversion or exercise of any securities beneficially owned by the Purchaser which are convertible or exercisable into Registrable Securities. 

“Indemnified Party” shall have the meaning set forth in Section 5(c). 

“Indemnifying Party” shall have the meaning set forth in Section 5(c). 

“Losses” shall have the meaning set forth in Section 5(a). 

“Other Units” means any Company Securities which do not constitute Registrable Securities. 

“Proceeding” means an action, claim, suit, investigation or proceeding (including, without limitation, an informal
investigation or partial proceeding, such as a deposition), whether commenced or threatened. 

“Prospectus” means the prospectus included in a Registration Statement (including, without limitation, a
prospectus that includes any information previously omitted from a prospectus filed as part of an effective Registration Statement in reliance upon Rule 430A), as amended or supplemented by any prospectus supplement, with respect to the terms
of the offering of any portion of the Registrable Securities covered by a Registration Statement, and all other amendments and supplements to the Prospectus, including post-effective amendments, and all material incorporated by reference or deemed
to be incorporated by reference in such Prospectus. 
 “Purchased Units” means the Common Units acquired
by the Purchaser pursuant to the Contribution Agreement and any Common Units into which any other Unit Consideration (provided, that for purposes of this Agreement, when used such term shall be deemed to include any other securities or interests
into which any such Unit Consideration is converted or exchanged or any units or other securities issued in respect of such Unit Consideration) received by the Purchaser are converted or exchanged in accordance with the terms of the Operating
Agreement or otherwise. 

  
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 “Registrable Securities” means at any time, with respect to any
Holder, the Purchased Units beneficially owned by, or issuable to, such Holder, upon original issuance thereof, and at all times subsequent thereto, including upon the transfer thereof by the original holder or any subsequent holder, subject to
Section 6(h), and any units or other securities issued in respect of such Registrable Securities because of or in connection with any unit split, dividend or other distribution, purchase in any rights offering or in connection with any exchange
for or replacement of such Registrable Securities or any combination of units, recapitalization, merger, consolidation or similar event, or any other equity securities issued pursuant to any other pro rata distribution with respect to such
Registrable Securities; provided, however, that Company Securities held by a Holder shall cease to constitute Registrable Securities at such time as (A) all of such Company Securities may be sold by such Holder pursuant to Rule 144 where
no conditions of Rule 144 are then applicable (other than the holding period requirement in paragraph (d)(1)(ii) of Rule 144 so long as such holding period requirement is then satisfied at such time), as determined by the Company in good faith based
in part on a written opinion letter of counsel to such effect, which opinion letter shall be (I) addressed and acceptable to the Company and the Transfer Agent and (II) addressed to such Holder, and (B) the Common Units then beneficially
owned by such Holder (on an as-converted basis) does not exceed 5% of the then outstanding securities of such class. 

“Registration Statement” means any registration statement filed hereunder, including Section 6(d) (which
registration statement may constitute a “shelf” registration statement covering the Registrable Securities specified by the Holder on an appropriate form under Rule 415), and (in each case) the Prospectus, amendments and supplements to
such registration statement or Prospectus, including pre- and post-effective amendments, all exhibits thereto, and all material incorporated by reference or deemed to be incorporated by reference in such registration statement. 

“Rule 144” means Rule 144 promulgated by the Commission pursuant to the Securities Act, as such Rule may be
amended or interpreted from time to time, or any similar rule or regulation hereafter adopted by the Commission having substantially the same purpose and effect as such Rule. 
 “Rule 415” means Rule 415 promulgated by the Commission pursuant to the Securities Act, as such Rule may be amended or interpreted from time to time, or any similar rule or
regulation hereafter adopted by the Commission having substantially the same purpose and effect as such Rule. 
 “Rule
424” means Rule 424 promulgated by the Commission pursuant to the Securities Act, as such Rule may be amended or interpreted from time to time, or any similar rule or regulation hereafter adopted by the Commission having substantially
the same purpose and effect as such Rule. 
 “Rule 430A” means Rule 430A promulgated by the Commission
pursuant to the Securities Act, as such Rule may be amended or interpreted from time to time, or any similar rule or regulation hereafter adopted by the Commission having substantially the same purpose and effect as such Rule. 

  
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 “Securities Act” means the Securities Act of 1933, as amended.

 “SEC Guidance” means (i) any publicly-available written or oral guidance, comments, requirements
or requests of the Commission staff and (ii) the Securities Act. 
 “Selling Holders” means any
Holder that sells or proposes to sell Registrable Securities pursuant to a Registration Statement in accordance with this Agreement. 
 “Trading Day” means a day on which the national securities exchange on which the Common Units are then listed for trading or quotation is open for trading. 

“Transfer Agent” means Computershare, the current transfer agent of the Company, with a mailing address of 250
Royall Street, Canton, Massachusetts 02021 and a facsimile number of (791) 575-2549, and any successor transfer agent of the Company. 
 2.
Demand Registration. 
 (a) At any time or from time to time, if the Company shall be requested in writing by the
Purchaser, by one or more Affiliates of the Purchaser who beneficially own Registrable Securities, or by one or more Holders who beneficially own at least 250,000 Registrable Securities, to effect a registration under the Securities Act of
Registrable Securities in accordance with this Section 2 (a registration effected by the Company pursuant to this Section 2 is referred to as a “Demand Registration”), then the Company shall promptly give written notice of
such proposed Demand Registration to each Holder and shall offer to include (subject to the terms of this Agreement) in such proposed Demand Registration any Registrable Securities requested to be included in such proposed Demand Registration by
such Holders who respond in writing to the Company’s notice within fifteen (15) days after delivery of such notice (which response shall specify the number of Registrable Securities proposed to be included in such Demand Registration and
the intended method of distribution, which may be pursuant to a shelf registration). Such written Demand Registration request shall specify the number of Registrable Securities requested to be registered, and the anticipated per share price range
for such offering, if applicable, and the intended method of distribution (which may be pursuant to a shelf Registration Statement). Following the expiration of such fifteen (15)-day response period, the Company shall use its commercially reasonable
efforts to promptly effect such Demand Registration on an appropriate form under the Securities Act of the Registrable Securities which the Company has been so requested to register; provided, however, that the Company shall not be
obligated to effect any Demand Registration under the Securities Act except in accordance with the following provisions: 
  

	 	1.	the Company shall not be obligated to file more than three Registration Statements in total pursuant to this Section 2; and 

 

	 	2.	 with respect to any Demand Registration of Registrable Securities, the Company may include in the Registration Statement related thereto any Other
Units; provided, however, that if the managing underwriter of any offering of Registrable Securities pursuant to such Registration Statement advises the Company in writing that the inclusion of all Registrable Securities and Other
Units proposed to be included in such Demand Registration would adversely and 

  
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materially affect the successful marketing (including pricing) of all such securities, then the number of Registrable Securities and Other Units proposed to be included in such Demand
Registration shall be included in the following order: 

  

	 	I.	First, the Registrable Securities held by all Selling Holders, pro rata based upon the number of Registrable Securities beneficially owned by each such Selling Holder
at the time of such Demand Registration; and 

  

	 	II.	Second, the Other Units. 

 (b)
The Holder or Holders requesting a Demand Registration may, in the notice delivered pursuant to Section 2(a) or in connection with any “shelf take-down” under such Registration Statement (which offerings the Selling Holders may elect
to conduct from time-to-time under any shelf Registration Statement filed pursuant to Rule 415), elect that such Demand Registration or offering, as the case may be, cover an underwritten public offering. Upon such election, such Holder(s) shall
elect one or more nationally recognized firms of investment banks to act as the lead managing underwriter(s) and shall select any additional investment banks to be used in connection with such offering, provided that such investment banks
must be approved by the Company, such approval not to be unreasonably withheld, conditioned or delayed. The Company shall, together with the Selling Holders, enter into a customary underwriting agreement with such underwriters. 

(c) A requested Demand Registration may be rescinded only by written notice to the Company by the Selling Holders holding a majority of
the Registrable Securities to be included in the related Registration Statement and only (i) once in any twelve (12) month period prior to the sale of any Registrable Securities under the Registration Statement or (ii) upon such
Selling Holders reimbursing the Company in whole for all out-of-pocket expenses incurred by the Company in connection with such rescinded Demand Registration unless such Selling Holders (x) (1) reasonably believed that the Registration
Statement contained an untrue statement of material fact or omitted to state a material fact required to be stated therein or necessary to make the statements made therein not misleading, (2) notified the Company of such fact and requested that
the Company correct such alleged misstatement or omission and (3) the Company refused to correct such alleged misstatement or omission or (y) could not include at least eighty percent (80%) of the Registrable Securities requested to
be included on such Registration Statement as a result of Section 2(d). Any Demand Registration rescinded by the Selling Holders in accordance with this Section 2(c) shall not count as a Registration Statement initiated pursuant to this
Section 2 for purposes of Section 2(a) (except for a rescission under clause (i), unless such Selling Holders shall have reimbursed the Company in whole for all out-of-pocket expenses incurred by the Company in connection with such
rescinded Demand Registration). 
 (d) Notwithstanding any other provision of this Agreement, if in connection with any review of
a Registration Statement prior to effectiveness, the Commission objects based on any SEC Guidance to the number of Registrable Securities registered on a particular Registration Statement (in which event the Company shall use its commercially
reasonable diligent efforts to advocate with the Commission for the registration of all Registrable Securities intended to be included therein), the Company shall be entitled to remove by pre-effective amendment such

  
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Registrable Securities from such Registration Statement to the extent in excess of such limitation and shall be permitted to reduce the Registrable Securities allocated amongst the Selling
Holders on a pro rata basis based upon the number of Registrable Securities known to the Company to be beneficially owned by each such Selling Holder at the time of such registration. 
 3. Registration Procedures. 
 In connection with the Company’s Demand
Registration obligations hereunder, the Company shall: 
 (a) Not less than ten (10) Trading Days prior
to the initial filing (if applicable) of each Registration Statement and not less than two (2) Trading Days prior to the filing of any related Prospectus or any pre- or post-amendment or supplement thereto or to such Registration Statement (but
not including documents incorporated by reference therein), the Company shall furnish to each Holder copies of all such documents proposed to be filed, which documents will be subject to the review of such Holders. The Company shall not file a
Registration Statement or any such Prospectus or any amendments or supplements thereto to which Holders of least two-thirds of the Registrable Securities shall reasonably object in good faith, provided that the Company is notified of such
objection in writing no later than five (5) Trading Days after the Holders have been so furnished copies of an initial Registration Statement or one (1) Trading Day after the Holders have been so furnished copies of any related Prospectus
or pre- or post-effective amendments or supplements thereto or to such Registration Statement. By the end of the fifth
(5th) Trading Day following the written request
furnished by or on behalf of the Company, the Holders shall furnish to the Company such written information regarding such Holder and the distribution proposed by such Holder as the Company may reasonably request in writing (and that has not
otherwise been previously provided) and as shall be reasonably required in connection with any registration, qualification or compliance referred to in this Agreement. 
 (b) (i) Use its commercially reasonable efforts to cause a Registration Statement to become and remain effective for the Effectiveness Period and prepare and file with the Commission such amendments,
including post-effective amendments, to a Registration Statement and the Prospectus used in connection therewith as may be necessary to keep a Registration Statement continuously effective as to the applicable Registrable Securities for the
Effectiveness Period, including so as to permit sales of the greatest number of Registrable Securities for the longest possible Effectiveness Period (for example, to the extent permissible under applicable rules and regulations of the Commission,
post-effectively amending a Registration Statement on Form S-1 to convert it to a Form S-3 not subject to the three year limit under clause (a) of the definition thereof); (ii) cause the related Prospectus to be amended or supplemented by
any required Prospectus supplement (subject to the terms of this Agreement), and, as so supplemented or amended, to be filed pursuant to Rule 424; (iii) respond as promptly as reasonably possible to any comments received from the Commission
with respect to a Registration Statement or any amendment thereto and provide as promptly as reasonably possible to any Holder upon request true and complete copies of all correspondence from and to the Commission relating to a Registration
Statement (provided that the Company may excise any information contained therein which would constitute material non-public information as to any Holder which has not executed a confidentiality agreement with the Company); and
(iv) comply in all material respects with the provisions of the Securities Act and the Exchange Act with 

  
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respect to the disposition of all Registrable Securities covered by a Registration Statement during the applicable period in accordance (subject to the terms of this Agreement) with the intended
methods of disposition by the Holders thereof set forth in such Registration Statement as so amended or in such Prospectus as so supplemented. 
 (c) Notify the Holders of Registrable Securities to be sold (which notice shall, pursuant to clauses (iii) through (vi) hereof, be accompanied by an instruction to suspend the use of the
Prospectus until the requisite changes have been made) as promptly as reasonably possible (and, in the case of (i)(A) below, not less than one (1) Trading Day prior to such filing) and (if requested by any such Person) confirm such notice in
writing no later than one (1) Trading Day following the day: (i)(A) when a Prospectus or any Prospectus supplement or post-effective amendment to a Registration Statement is proposed to be filed; (B) when the Commission notifies the
Company whether there will be a “review” of such Registration Statement and, upon request of any Holder whenever the Commission comments in writing on such Registration Statement; and (C) with respect to a Registration Statement or
any post-effective amendment, when the same has become effective; (ii) of any request by the Commission or any other federal or state governmental authority for amendments or supplements to a Registration Statement or Prospectus or for
additional information; (iii) of the issuance by the Commission or any other federal or state governmental authority of any stop order suspending the effectiveness of a Registration Statement covering any or all of the Registrable Securities or
the initiation of any Proceedings for that purpose; (iv) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any
jurisdiction, or the initiation or threatening of any Proceeding for such purpose; (v) of the occurrence of any event or passage of time that makes the financial statements included in a Registration Statement ineligible for inclusion therein
or any statement made in a Registration Statement or Prospectus or any document incorporated or deemed to be incorporated therein by reference untrue in any material respect or that requires any revisions to a Registration Statement, Prospectus or
other documents so that, in the case of a Registration Statement or the Prospectus, as the case may be, it will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make
the statements therein, in light of the circumstances under which they were made (in the case of the Prospectus), not misleading; and (vi) of the occurrence or existence of any non-public pending business development with respect to the Company
that the Company believes is material and that, in the determination of the Company, makes it not in the best interest of the Company to disclose such development so as to allow continued availability of a Registration Statement or Prospectus and
the Existing Shelf Registration Statement, provided that any and all of such information shall remain confidential to each Holder until such information otherwise becomes public, unless disclosure by a Holder is required by law;
provided, further, that notwithstanding each Holder’s agreement to keep such information confidential, each such Holder makes no acknowledgement that any such information is material, non-public information; provided,
moreover, that the Company’s ability to suspend the availability of the Registration Statement under Sections 3(c)(iii) through (vi) is subject to the limitations set forth in Section 3(j). 

(d) Use its reasonable best efforts to avoid the issuance of, or, if issued, obtain the withdrawal of, (i) any order stopping or
suspending the effectiveness of a Registration Statement, or (ii) any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction, at the earliest practicable moment.

  
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 (e) Furnish to each Holder, without charge, at least one conformed copy of each such
Registration Statement (including the Prospectus included therein) and each amendment thereto, including financial statements and schedules, all documents incorporated or deemed to be incorporated therein by reference to the extent requested by such
Person, and all exhibits to the extent requested by such Person (including those previously furnished or incorporated by reference) promptly after the filing of such documents with the Commission; provided, that any such item which is
available on EDGAR need not be furnished in physical form. 
 (f) Subject to the terms of this Agreement, the Company hereby
consents to the use of such Prospectus and each amendment or supplement thereto by each of the Selling Holders in connection with the offering and sale of the Registrable Securities covered by such Prospectus and any amendment or supplement thereto,
except after the giving of any notice pursuant to Section 3(c). 
 (g) The Company shall cooperate with any registered
broker-dealer which is effecting resales of Registrable Securities in effecting any filing with the Financial Industry Regulatory Authority (“FINRA”) Corporate Financing Department pursuant to FINRA Rule 5110 (or any similar
or successor rule) and pay the filing fee required in connection with such filing. 
 (h) Prior to any resale of Registrable
Securities by a Holder, use its commercially reasonable efforts to register or qualify or cooperate with the Selling Holders in connection with the registration or qualification (or exemption from the registration or qualification) of such
Registrable Securities for resale by the Holder under the securities or ”blue sky” laws of such jurisdictions within the United States as any Holder reasonably requests in writing, to keep each registration or qualification (or exemption
therefrom) effective during the Effectiveness Period and to do any and all other acts or things reasonably necessary to enable the disposition in such jurisdictions of the Registrable Securities covered by each Registration Statement, including, but
not limited to, causing such Registrable Securities to be registered with or approved by such other governmental agencies or authorities as may be necessary by virtue of the business and operations of the Company to enable the seller or sellers
thereof to consummate the disposition of such Registrable Securities; provided, that the Company shall not be required to qualify generally to do business in any jurisdiction where it is not then so qualified, subject the Company to any
material tax in any such jurisdiction where it is not then so subject or file a general consent to service of process in any such jurisdiction. 
 (i) If requested by a Holder, cooperate with such Holders to facilitate the timely preparation and delivery of certificates representing Registrable Securities to be delivered to a transferee pursuant to
a Registration Statement, which certificates shall be free of all restrictive legends, and to enable such Registrable Securities to be in such denominations and registered in such names as any such Holder may request. 

(j) Upon the occurrence of any event contemplated by Section 3(c), as promptly as reasonably possible under the circumstances taking
into account the Company’s good faith assessment of any adverse consequences to the Company and its unitholders of the premature 

  
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disclosure of such event, prepare a supplement or amendment, including a post-effective amendment, to a Registration Statement or a supplement to the related Prospectus or any document
incorporated or deemed to be incorporated therein by reference, and file any other required document curing such defect or other occurrence causing the suspension of a Registration Statement and otherwise so that, as thereafter delivered, neither a
Registration Statement nor such Prospectus will contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they
were made (in the case of a Prospectus), not misleading. If the Company notifies the Holders in accordance with clauses (iii) through (vi) of Section 3(c) to suspend the use of any Prospectus until the requisite changes to such
Prospectus have been made, then the Holders shall suspend use of such Prospectus; provided, that in the case of clause (vi) of Section 3(c), the Company shall have also required sales of securities under the Existing Shelf
Registration Statement (if then still effective) to have been suspended. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed as promptly as is practicable (but in any event no later than when
the Existing Shelf Registration Statement (if then still effective) is available in the event of a suspension under clause (vi) of Section 3(c)) and promptly notify the Holders upon termination of any suspension. The Company shall be
entitled to exercise its right under Section 3(c) and this Section 3(j) to suspend the availability of a Registration Statement and Prospectus for a period not to exceed ninety (90) calendar days (which need not be consecutive
calendar days) in the aggregate in any twelve (12) month period, which right may only be exercised three times in any twelve (12) month period; provided, however, that if any other registration statement is effective with respect to
Company Securities and the Company has not suspended the availability of such registration statement and related prospectus, the Company shall not be entitled to suspend the availability of a Registration Statement and Prospectus hereunder.

 (k) Comply with all applicable rules and regulations of the Commission. 

(l) Use its commercially reasonable efforts to obtain from its independent certified public accountants and reserve engineers
“comfort” letters in customary form and at customary times and covering matters of the type customarily covered by comfort letters, when so requested by any underwriters (including any Selling Holders that the Commission may, in the good
faith judgment of the Selling Holders after consultation with outside counsel, require to be identified as an underwriter) in connection with a public offering of Registrable Securities. 

(m) In connection with the closing of any offering of Registrable Securities, use its commercially reasonable efforts to obtain from its
counsel an opinion or opinions in customary form and at customary times and covering matters of the type customarily covered by legal opinions in underwritten offerings, if so requested by any underwriters (including any Selling Holders that the
Commission may, in the good faith judgment of the Selling Holders after consultation with outside counsel, require to be identified as an underwriter). 
 (n) List the Registrable Securities on any national securities exchange on which the Common Units are then listed for trading or quotation, or if the Common Units are not then listed or quoted on a
national securities exchange, use its commercially reasonable efforts to qualify such Registrable Securities for inclusion on such national securities exchange as the holders of a majority of such Registrable Securities shall request. 

  
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 (o) The Company may require each Selling Holder to furnish to the Company a certified
statement as to the number of Registrable Securities beneficially owned by such Holder and, if required by the Commission pursuant to SEC Guidance, the natural persons thereof that have voting and dispositive control over the Registrable Securities.

 (p) In connection with the filing of a Registration Statement or offering thereunder, the Company shall make available for
inspection by (i) any Holder or underwriter engaged in connection with a Demand Registration or offering under such Registration Statement, (ii) legal counsel for any Holder or underwriter engaged in connection with a Demand Registration
or offering under such Registration Statement, (iii) one firm of accountants, financial advisors or other agents retained by the Holders in connection with a Demand Registration and (iv) one firm of accountants, financial advisors or other
agents retained by the underwriters engaged in connection with an offering under such Registration Statement (collectively, the “Inspectors”), all pertinent financial and other records, and pertinent company documents and
properties of the Company (collectively, the “Records”), as shall be reasonably deemed necessary by each Inspector, and cause the Company’s officers, directors and employees to supply all information which any Inspector
may reasonably request; provided, however, that each Inspector shall agree to hold in strict confidence and shall not make any disclosure (except to a Holder or underwriter engaged in connection with a Demand Registration or offering
under such Registration Statement) or use of any Record or other information which the Company determines in good faith to be confidential, and of which determination the Inspectors are so notified, unless (a) the disclosure of such Records is
necessary to avoid or correct a misstatement or omission in any Registration Statement or is otherwise required under the Securities Act, (b) the release of such Records is ordered pursuant to a subpoena or order from a court or government body
of competent jurisdiction, or (c) the information in such Records has been made generally available to the public other than by disclosure in violation of this or any confidentiality agreement between the Company and such Holder or underwriter.
Each Holder agrees that it shall, upon learning that disclosure of such Records is sought in or by a court or governmental body of competent jurisdiction or through other means, give prompt notice to the Company and allow the Company, at its
expense, to undertake appropriate action to prevent disclosure of, or to obtain a protective order for, the Records deemed confidential. Nothing herein (or in any other confidentiality agreement between the Company and any Holder) shall be deemed to
limit the Holders’ ability to sell Registrable Securities in a manner which is otherwise consistent with applicable laws and regulations. 
 (q) If underwriters are engaged in connection with any Registration Statement or offering thereunder, without limitation to any of the foregoing, (i) provide indemnification, representations,
covenants and other assurance to the underwriters in form and substance customary in such transactions and (ii) at the reasonable request of any underwriter, make available its senior executive and financial officers to participate in a
marketing presentation to potential investors. 
 4. Registration Expenses. All fees and expenses incident to the performance of or
compliance with this Agreement by the Company shall be borne by the Company (without reimbursement by the Purchaser or any Holder) whether or not any Registrable Securities are sold pursuant to a Registration Statement. The fees and expenses
referred to in the foregoing sentence shall include, without limitation, (i) all registration and filing fees (including, without 

  
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limitation, fees and expenses of the Company’s counsel and auditors) (A) with respect to filings made with the Commission, (B) with respect to filings required to be made with any
national securities exchange on which Company Securities are then listed for trading, (C) in compliance with applicable state securities or “blue sky” laws reasonably requested by the Selling Holders or underwriters (including,
without limitation, fees and disbursements of counsel for the Company in connection with “blue sky” qualifications or exemptions of the Registrable Securities) and determination of the eligibility of the Registrable Securities for
investment under the laws of such jurisdictions as requested by the Holders, and (D) if not previously paid by the Company in connection with a filing by the Company with FINRA, with respect to any filing that may be required to be made by any
broker through which a Holder intends to make sales of Registrable Securities with FINRA pursuant to FINRA Rule 5110 (or any similar or successor rule), so long as the broker is receiving no more than a customary brokerage commission in connection
with such sale, (ii) printing expenses (including, without limitation, expenses of printing certificates for Registrable Securities), (iii) messenger, telephone and delivery expenses, (iv) fees and disbursements of counsel for the
Company, (v) Securities Act liability insurance, if the Company so desires such insurance, and (vi) fees and expenses of all other Persons retained by the Company in connection with the consummation of the transactions contemplated by this
Agreement. In addition, the Company shall be responsible for all of its internal expenses incurred in connection with the consummation of the transactions contemplated by this Agreement (including, without limitation, all salaries and expenses of
its officers and employees performing legal or accounting duties), the expense of any annual audit and the fees and expenses incurred in connection with the listing of the Registrable Securities on any securities exchange as required hereunder. In
no event shall the Company be responsible for any broker or similar commissions attributable to any Holder or, except to the extent specifically provided for herein, any legal fees or other costs of the Holders. 

5. Indemnification. 
 (a)
Indemnification by the Company. The Company shall, notwithstanding any termination of this Agreement, indemnify and hold harmless each Holder, the officers, directors, members, partners, agents, brokers (including brokers who offer and sell
Registrable Securities as principal as a result of a pledge or any failure to perform under a margin call of Company Securities), investment advisors and employees (and any other Persons with a functionally equivalent role of a Person holding such
titles, notwithstanding a lack of such title or any other title) of each of them, each Person who controls any such Holder (within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act) and the officers,
directors, members, equityholders, partners, agents and employees (and any other Persons with a functionally equivalent role of a Person holding such titles, notwithstanding a lack of such title or any other title) of each such controlling Person,
to the fullest extent permitted by applicable law, from and against any and all losses, claims, damages, liabilities, costs (including, without limitation, reasonable attorneys’ fees) and expenses (collectively,
“Losses”), as incurred, arising out of or relating to (1) any untrue or alleged untrue statement of a material fact contained in a Registration Statement, any Prospectus or in any amendment or supplement thereto or in
any preliminary prospectus, or arising out of or relating to any omission or alleged omission of a material fact required to be stated therein or necessary to make the statements therein (in the case of any Prospectus or supplement thereto, in light
of the circumstances under which they were made) not misleading or (2) any violation or alleged violation by the Company of the Securities 

  
 11 

 
Act, the Exchange Act or any state securities law, or any rule or regulation thereunder, in connection with the performance of its obligations under this Agreement, except to the extent, but only
to the extent, that in the case of (1) above, (i) such untrue statements or omissions are based solely upon information regarding such Holder furnished in writing to the Company by such Holder expressly for use therein, or (ii) in the
case of an occurrence of an event of the type specified in Section 3(c)(iii) through (vi), the use by such Holder of an outdated or defective Prospectus after the Company has notified such Holder in writing that the Prospectus is outdated or
defective and prior to the receipt by such Holder of the Advice contemplated in Section 6(c). The Company shall notify the Holders promptly of the institution, threat or assertion of any Proceeding arising from or in connection with the
transactions contemplated by this Agreement of which the Company is aware. 
 (b) Indemnification by Holders. Each Holder
shall, severally and not jointly, indemnify and hold harmless the Company, its directors, officers, agents and employees, each Person who controls the Company (within the meaning of Section 15 of the Securities Act and Section 20 of the
Exchange Act), and the directors, officers, agents or employees of such controlling Persons, to the fullest extent permitted by applicable law, from and against all Losses, as incurred, to the extent arising out of or based solely upon (x) such
Holder’s failure to comply with the prospectus delivery requirements of the Securities Act or (y) any untrue or alleged untrue statement of a material fact contained in any Registration Statement, any Prospectus, or in any amendment or
supplement thereto or in any preliminary prospectus, or arising out of or relating to any omission or alleged omission of a material fact required to be stated therein or necessary to make the statements therein (in the case of any Prospectus or
supplement thereto, in light of the circumstances under which they were made) not misleading to the extent, but only to the extent, that (i) such untrue statement or omission is contained in any information so furnished in writing by such
Holder to the Company specifically for inclusion in such Registration Statement or such Prospectus, or in any amendment or supplement thereto or (ii) in the case of an occurrence of an event of the type specified in Section 3(c)(iii)
through (vi), the use by such Holder of an outdated or defective Prospectus after the Company has notified such Holder in writing that the Prospectus is outdated or defective and prior to the receipt by such Holder of the Advice contemplated in
Section 6(c). In no event shall the liability of any Selling Holder hereunder be greater in amount than the dollar amount of the net proceeds received by such Holder upon the sale of the Registrable Securities giving rise to such
indemnification obligation. 
 (c) Conduct of Indemnification Proceedings. If any Proceeding shall be brought or asserted
against any Person entitled to indemnity hereunder (an “Indemnified Party”), such Indemnified Party shall promptly notify the Person from whom indemnity is sought (the “Indemnifying Party”) in writing,
and the Indemnifying Party shall have the right to assume the defense thereof, including the employment of counsel reasonably satisfactory to the Indemnified Party and the payment of all fees and expenses incurred in connection with defense thereof;
provided, that the failure of any Indemnified Party to give such notice shall not relieve the Indemnifying Party of its obligations or liabilities pursuant to this Agreement, except (and only) to the extent that it shall be finally determined
by a court of competent jurisdiction (which determination is not subject to appeal or further review) that such failure shall have prejudiced the Indemnifying Party. 

  
 12 

 An Indemnified Party shall have the right to employ separate counsel in any such Proceeding
and to participate in the defense thereof, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party or Parties unless: (1) the Indemnifying Party has agreed in writing to pay such fees and expenses;
(2) the Indemnifying Party shall have failed promptly to assume the defense of such Proceeding and to employ counsel reasonably satisfactory to such Indemnified Party in any such Proceeding; or (3) the named parties to any such Proceeding
(including any impleaded parties) include both such Indemnified Party and the Indemnifying Party, and counsel to the Indemnified Party shall reasonably believe that a material conflict of interest is likely to exist if the same counsel were to
represent such Indemnified Party and the Indemnifying Party (in which case, if such Indemnified Party notifies the Indemnifying Party in writing that it elects to employ separate counsel at the expense of the Indemnifying Party, the Indemnifying
Party shall not have the right to assume the defense thereof and the reasonable fees and expenses of no more than one separate counsel shall be at the expense of the Indemnifying Party). The Indemnifying Party shall not be liable for any settlement
of any such Proceeding effected without its written consent, which consent shall not be unreasonably withheld or delayed. No Indemnifying Party shall, without the prior written consent of the Indemnified Party, effect any settlement of any pending
Proceeding in respect of which any Indemnified Party is a party, unless such settlement includes an unconditional release of such Indemnified Party from all liability on claims that are the subject matter of such Proceeding. 

Subject to the terms of this Agreement, all reasonable fees and expenses of the Indemnified Party (including reasonable fees and expenses
to the extent incurred in connection with investigating or preparing to defend such Proceeding in a manner not inconsistent with this Section) shall be paid to the Indemnified Party, as incurred, within ten (10) Trading Days after written
notice thereof to the Indemnifying Party; provided, that the Indemnified Party shall promptly reimburse the Indemnifying Party for that portion of such fees and expenses applicable to such actions for which such Indemnified Party is
judicially determined to be not entitled to indemnification hereunder. 
 (d) Contribution. If the indemnification under
Section 5(a) or 5(b) is unavailable to an Indemnified Party or insufficient to hold an Indemnified Party harmless for any Losses, then each Indemnifying Party shall contribute to the amount paid or payable by such Indemnified Party, in such
proportion as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable considerations.
The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged
omission of a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or
prevent such action, statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in this Agreement, any reasonable attorneys’ or other reasonable fees
or expenses incurred by such party in connection with any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for in this Section was available to such party in accordance with
its terms. 

  
 13 

 The parties hereto agree that it would not be just and equitable if contribution pursuant to
this Section 5(d) were determined by pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately preceding paragraph. Notwithstanding the provisions of
this Section 5(d), no Holder shall be required to contribute, in the aggregate, any amount in excess of the amount by which the net proceeds actually received by such Holder from the sale of the Registrable Securities subject to the Proceeding
exceeds the amount of any damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. 
 The indemnity and contribution agreements contained in this Section are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties. 

6. Miscellaneous. 
 (a)
Remedies. In the event of a breach by the Company or by a Holder of any of their respective obligations under this Agreement, each Holder or the Company, as the case may be, in addition to being entitled to exercise all rights granted by law
and under this Agreement, including recovery of damages, shall be entitled to specific performance of its rights under this Agreement. The Company and each Holder agree that monetary damages would not provide adequate compensation for any losses
incurred by reason of a breach by it of any of the provisions of this Agreement and hereby further agrees that, in the event of any action for specific performance in respect of such breach, it shall not assert or shall waive the defense that a
remedy at law would be adequate. 
 (b) Compliance. Each Holder covenants and agrees that it will comply with the
prospectus delivery requirements of the Securities Act as applicable to it in connection with sales of Registrable Securities pursuant to a Registration Statement. The Company covenants and agrees that it shall (i) so long as any Holder owns
Registrable Securities or Unit Consideration consisting of Class A Units, file the reports required to be filed by it under the Securities Act and the Exchange Act in a timely manner, (ii) if the Company ceases to be required to file
reports under the Securities Act and Exchange Act, upon the written request of any Holder of Registrable Securities, make publicly available other information necessary to permit sales pursuant to Rule 144 under the Securities Act and
(iii) take such further action as any Holder(s) may reasonably request in writing, all to the extent required from time to time to enable such Holders to sell Registrable Securities without registration under the Securities Act pursuant to the
exemptions provided by Rule 144 thereunder (but the obligations of the Company pursuant to clause (ii) shall cease at such time as the Holders own Registrable Securities or Unit Consideration consisting of Class A Units that aggregate (on
an as-converted basis) to less than 5% of the then outstanding Common Units). Upon the request of any Holder, the Company shall deliver to such Holder a written statement as to whether it has complied with such information and requirements.

 (c) Discontinued Disposition. By its acquisition of Registrable Securities, each Holder agrees that, upon receipt of a
notice from the Company of the occurrence of any event of the kind described in Section 3(c)(iii) through (vi), such Holder will forthwith discontinue disposition of such Registrable Securities under a Registration Statement until it is advised
in writing (the “Advice”) by the Company that the use of the applicable Prospectus (as it may have been supplemented or amended) may be resumed. The Company will use its commercially reasonable efforts to ensure that the use
of the Prospectus may be resumed as promptly as is practicable within the time period specified in Section 3(j). 

  
 14 

 (d) Piggy-Back Registrations. If the Company shall determine to prepare and file with
the Commission a Registration Statement relating to an offering for its own account or the account of others, other than a Holder, under the Securities Act of any Common Units, other than on Form S-4 or Form S-8 (each as promulgated under the
Securities Act) or their then-equivalents relating to equity securities to be issued solely in connection with any acquisition of any entity or business or equity securities issuable in connection with the Company’s incentive plan or other
employee benefit plans, then the Company shall deliver to each Holder a written notice of such determination and, if within fifteen (15) days after the date of the delivery of such notice, any such Holder shall so request in writing, then the
Company shall (if permitted under applicable SEC Guidance) include in such Registration Statement all or any part of such Registrable Securities such Holder requests to be registered; provided, however, that if at any time after giving
such written notice of its intention to register any Common Units, the Company or the other person(s) for whose account such registration is proposed shall determine for any reason not to proceed with the proposed registration of the Common Units to
be sold by it, the Company may, at its election, give written notice of such determination to each Holder of Registrable Securities and, thereupon, shall be relieved of its obligation to register or offer any Registrable Securities in connection
with such registration or offering; provided, further, that if the managing underwriter advises the Company that the inclusion of all Registrable Securities and/or Common Units proposed to be included in such registration or offering would
interfere with the successful marketing (including pricing) of the Common Units proposed to be registered or offered by the Company, then the number of Registrable Securities and Common Units proposed to be included in such registration or offering
shall be included in the following order: 
 1. First, the Common Units to be registered or offered, as
applicable; and 
 2. Second, the Registrable Securities held by all Selling Holders, pro rata based upon the
number of Registrable Securities beneficially owned by each such Selling Holder at the time of such registration. 
 In
connection with any underwritten offering under this Section 6(d), the Company shall not be required to include Registrable Securities in such underwritten offering unless the Holders of such Registrable Securities accept the terms of the
underwriting of such offering that have been agreed upon between the Company and the underwriters selected by the Company, including without limitation, the underwriting agreement and the fees and expenses in connection therewith. Notwithstanding
anything in this Section 6(d) to the contrary, if a Holder has the right to have Company Securities (including Common Units) registered pursuant to Section 6(e), then such Holder’s rights with respect to such Company Securities shall
be governed by Section 6(e) and not this Section 6(d). 
 (e) Tag-Along Registrations. If the Company shall be
requested to file a registration statement pursuant to Section 5.10 of the Operating Agreement for any Company Securities held by any “Holder” (as defined in the Operating Agreement) and a Holder owns the same class of Company
Securities as such Company Securities required to be registered, the Company shall 

  
 15 

 
promptly deliver to such Holder a written notice of such request and such Holder shall have the right to have such Company Securities owned by it registered in accordance with the terms and
conditions set forth in Section 5.10 of the Operating Agreement as though such Holder was a “Holder” under Section 5.10 of the Operating Agreement; provided, however, that if such registration statement requested to be
filed by a “Holder” (as defined in the Operating Agreement) is not filed with the Commission or is otherwise withdrawn, then any Company Securities of a Holder included on such registration statement, or any other Registration Statement
including such Company Securities registered in accordance with this Section 6(e), shall correspondingly be terminated or withdrawn, as applicable. 
 (f) Amendments and Waivers. The provisions of this Agreement, including the provisions of this sentence, may not be amended, modified or supplemented, and waivers or consents to departures from the
provisions hereof may not be given, unless the same shall be in writing and signed by the Company and the Holders of least two-thirds of then outstanding Registrable Securities. If a Registration Statement does not register all of the Registrable
Securities pursuant to a waiver or amendment done in compliance with the previous sentence, then the number of Registrable Securities to be registered for each Holder shall be reduced pro rata among all Holders, and each Holder shall have the right
to designate which of its Registrable Securities shall be omitted from such Registration Statement. Notwithstanding the foregoing, a waiver or consent to depart from the provisions hereof with respect to a matter that relates exclusively to the
rights of a Holder or some Holders and that does not directly or indirectly affect the rights of other Holders may be given by such Holder or Holders of all of the Registrable Securities to which such waiver or consent relates; provided,
however, that the provisions of this sentence may not be amended, modified, or supplemented except in accordance with the provisions of the first sentence of this Section 6(f). 

(g) Notices. Any and all notices or other communications or deliveries required or permitted to be provided by or to the Company or
the Purchaser hereunder shall be given as set forth in the Contribution Agreement. Notices by or to Holders other than the Purchaser shall be given at the address and number set forth in such Holder’s joinder agreement and otherwise in the
manner set forth in the Contribution Agreement. 
 (h) Successors and Assigns. All the terms and provisions of this
Agreement shall be binding upon and inure to the benefit of and be enforceable by the respective parties hereto, the successors and permitted assigns of the Purchaser and the Company and any Holder that is not the Purchaser; provided,
however, that, notwithstanding anything in this Agreement to the contrary, in the event of any transfer or assignment of any Registrable Securities (or any Unit Consideration) by a Holder, an assignee or transferee thereof shall not become a
“Holder” hereunder until (i) the Holder has elected to assign such Holder’s rights under this Agreement with respect to such Company Securities so transferred or assigned to such transferee or assignee and (ii) the Company
is given: (a) written notice by such transferring or assigning Holder at or promptly after said transfer or assignment, stating the name and address of such transferee or assignee and identifying the Company Securities with respect to which the
rights under this Agreement are being transferred or assigned; and (b) a joinder agreement executed by such transferee or assignee pursuant to which such Person agrees to be bound by the terms of this Agreement. This Agreement shall not run to
the benefit of or be enforceable by any other Person. 

  
 16 

 (i) Execution and Counterparts. This Agreement may be executed in two or more
counterparts, all of which when taken together shall be considered one and the same agreement and shall become effective when counterparts have been signed by each party and delivered to the other party, it being understood that both parties need
not sign the same counterpart. In the event that any signature is delivered by facsimile transmission or by e-mail delivery of a “.pdf” or “.tif” format data file, such signature shall create a valid and binding obligation of the
party executing (or on whose behalf such signature is executed) with the same force and effect as if such facsimile or “.pdf” or “.tif” signature page were an original thereof. 

(j) Governing Law. All questions concerning the construction, validity, enforcement and interpretation of this Agreement shall be
determined in accordance with the provisions of the Contribution Agreement. 
 (k) Cumulative Remedies. The remedies
provided herein are cumulative and not exclusive of any other remedies provided by law. 
 (l) Severability. If any term,
provision, covenant or restriction of this Agreement is held by a court of competent jurisdiction to be invalid, illegal, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions set forth herein shall remain in full
force and effect and shall in no way be affected, impaired or invalidated, and the parties hereto shall use their commercially reasonable efforts to find and employ an alternative means to achieve the same or substantially the same result as that
contemplated by such term, provision, covenant or restriction. It is hereby stipulated and declared to be the intention of the parties that they would have executed the remaining terms, provisions, covenants and restrictions without including any of
such that may be hereafter declared invalid, illegal, void or unenforceable. 
 (m) Headings. The headings in this
Agreement are for convenience only, do not constitute a part of the Agreement and shall not be deemed to limit or affect any of the provisions hereof. 
 (n) Independent Nature of Holders’ Obligations and Rights. The obligations of each Holder hereunder are several and not joint with the obligations of any other Holder hereunder, and no Holder
shall be responsible in any way for the performance of the obligations of any other Holder hereunder. Nothing contained herein or in any other agreement or document delivered at any closing, and no action taken by any Holder pursuant hereto or
thereto, shall be deemed to constitute the Holders as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Holders are in any way acting in concert with respect to such obligations or the
transactions contemplated by this Agreement. Each Holder shall be entitled to protect and enforce its rights, including without limitation the rights arising out of this Agreement, and it shall not be necessary for any other Holder to be joined as
an additional party in any proceeding for such purpose. 
 (o) No Conflicting Registration Rights. The Company represents
and warrants to each Holder that there are no registration rights with respect to any equity interest in the Company other than the registration rights granted hereby and those explicitly set forth in the Operating Agreement as of the date hereof.
Without the prior written consent of the Purchaser, the Company shall not grant any registration rights to third parties that (i) conflict with or impair 

  
 17 

 
the registration rights contained in this Agreement, (ii) have an Effectiveness Period (taking into account the date that such registration rights are exercised) that is longer than the one
set forth in this Agreement, (iii) provide a greater number of demand registrations than the number is set forth in Section 2(a), (iv) allows such third parties to exercise piggy-back registration rights unless the Holders, if they so
request pursuant to the provisions hereof, are then able to register all of their Registrable Securities pursuant to Section 6(d) or 6(e) and (v) provide that the Company will pay any of the expenses of such third parties to the extent
such expenses would not be paid by the Company pursuant to Section 4 with respect to the Registrable Securities. 
 (p)
Adjustments for Splits, Etc. Wherever in this Agreement there is a reference to a specific number of units with respect to any Company Securities, then upon the occurrence of any subdivision, combination, or dividend of such units, the
specific number of units with respect to any securities so referenced in this Agreement shall automatically be proportionally adjusted to reflect the effect on the outstanding units of such class or series of units by such subdivision, combination,
or dividend. 
 (q) Termination. This Agreement shall remain in effect until the later of (i) the date upon which no
Unit Consideration consisting of Common Units or Class A Units shall remain outstanding or (ii) the date upon which all Registrable Securities eligible to be sold pursuant to a Registration Statement shall have been sold; provided,
however, that Sections 4 and 5 shall survive the termination of this Agreement. 
 [Remainder of Page Intentionally
Left Blank] 

  
 18 

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

					
	THE COMPANY:
	
	CONSTELLATION ENERGY PARTNERS LLC
		
	By:	 	/s/ Charles C. Ward
		 	Name:	 	Charles C. Ward
		 	Title:	 	Chief Financial Officer, Chief Accounting Officer & Treasurer

 [Signature Page of the Purchaser / Holder Follows] 

[Registration Rights Agreement Signature Page] 

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

					
	THE PURCHASER / HOLDER:
	
	SANCHEZ ENERGY PARTNERS I, LP
	By: SEP Management I, LLC, its general partner
		
	By:	 	/s/ Tony Sanchez III
		 	Name:	 	Tony Sanchez III
		 	Title:	 	President

 [Remainder of Page Intentionally Left Blank] 

[Registration Rights Agreement Signature Page]EX-10.1

 Exhibit 10.1 

 
  

 
 ASSET PURCHASE AGREEMENT

 between 
 BOAT EQUIPMENT, LLC 
 (the “Buyer”), 

MUELLER INDUSTRIES, INC. 
 (“Mueller Industries”), 
 MCTP, LLC 

(“MCTP”), 
 and 
 MUELLER PLASTICS CORPORATION, INC. 

(“Mueller Plastics,” and together with MCTP, the “Sellers”) 

dated as of August 9, 2013 
  

 
  

 TABLE OF CONTENTS 

 

							
	 	  	 	  	Page	 
		
	ARTICLE I	  			
		
	SCHEDULE I PURCHASE TRANSACTION	  			
			
	 1.1
	  	Purchase and Sale	  	 	1	  
	 1.2
	  	Excluded Assets	  	 	1	  
	 1.3
	  	Assumed Liabilities	  	 	1	  
		
	ARTICLE II	  			
		
	SCHEDULE II PURCHASE TRANSACTION	  			
			
	 2.1
	  	Closing Date Purchase and Sale	  	 	2	  
	2.2	  	Excluded Assets	  	 	2	  
	2.3	  	Assumed Liabilities	  	 	2	  
		
	ARTICLE III	  			
		
	PURCHASE PRICE	  			
			
	 3.1
	  	Purchase Price	  	 	3	  
	3.2	  	Purchase Price Allocation	  	 	3	  
		
	ARTICLE IV	  			
		
	INITIAL CLOSING	  			
			
	 4.1
	  	Closing	  	 	3	  
	4.2	  	Closing Deliveries of the Sellers	  	 	3	  
	4.3	  	Closing Deliveries of the Buyer	  	 	4	  
		
	ARTICLE V	  			
		
	DEFERRED CLOSING	  			
			
	 5.1
	  	Closing	  	 	4	  
	5.2	  	Deliveries of the Sellers	  	 	5	  
	5.3	  	Closing Deliveries of the Buyer	  	 	5	  
	5.4	  	No Other Assets	  	 	5	  
		
	ARTICLE VI	  			
		
	REPRESENTATIONS AND WARRANTIES OF THE SELLER PARTIES	  			
			
	 6.1
	  	Formation; Good Standing	  	 	5	  
	6.2	  	Authority; Enforceability	  	 	5	  
	6.3	  	Consent and Approvals	  	 	6	  

  
 -i-

 TABLE OF CONTENTS 

(continued) 
  

							
	 	  	 	  	Page	 
	 6.4
	  	No Conflicts	  	 	6	  
	 6.5
	  	Ownership	  	 	6	  
	 6.6
	  	Books and Records	  	 	6	  
	 6.7
	  	Financial Statements	  	 	6	  
	 6.8
	  	Litigation	  	 	7	  
	 6.9
	  	Title to the Purchased Assets	  	 	7	  
	 6.10
	  	Equipment	  	 	7	  
	 6.11
	  	Proprietary Rights	  	 	7	  
	 6.12
	  	Warranties and Products	  	 	8	  
	 6.13
	  	Suppliers	  	 	8	  
	 6.14
	  	Customers	  	 	8	  
	 6.15
	  	Certain Payments	  	 	8	  
	 6.16
	  	Business Operation	  	 	8	  
	 6.17
	  	Brokers	  	 	9	  
		
	ARTICLE VII	  			
		
	REPRESENTATIONS AND WARRANTIES OF THE BUYER	  			
			
	 7.1
	  	Organization	  	 	9	  
	 7.2
	  	Authority	  	 	9	  
	 7.3
	  	Consent and Approvals	  	 	9	  
	 7.4
	  	No Conflicts	  	 	9	  
	 7.5
	  	Brokers	  	 	10	  
		
	ARTICLE VIII	  			
		
	COVENANTS	  			
			
	 8.1
	  	Confidentiality	  	 	10	  
	 8.2
	  	Delivery of Purchased Assets	  	 	10	  
	 8.3
	  	Employees	  	 	11	  
	 8.4
	  	Trademarks	  	 	11	  
	 8.5
	  	Taxes and Expenses Associated with the Purchased Assets	  	 	11	  
	 8.6
	  	Updated Schedules	  	 	11	  
		
	ARTICLE IX	  			
		
	INDEMNIFICATION	  			
			
	 9.1
	  	Survival; Knowledge	  	 	12	  
	 9.2
	  	Indemnification Obligations of the Seller	  	 	12	  
	 9.3
	  	Indemnification Obligations of the Buyer	  	 	12	  
	 9.4
	  	Limitations on Indemnification	  	 	13	  
	 9.5
	  	Procedure for Indemnification – Third-Party Claims	  	 	14	  

  
 -ii-

 TABLE OF CONTENTS 

(continued) 
  

							
	 	  	 	  	Page	 
		
	ARTICLE X	  			
		
	GENERAL PROVISIONS	  			
			
	 10.1
	  	Expenses	  	 	16	  
	 10.2
	  	Amendment and Modification	  	 	16	  
	 10.3
	  	Waiver of Compliance; Consents	  	 	16	  
	 10.4
	  	Notices	  	 	16	  
	 10.5
	  	Publicity	  	 	16	  
	 10.6
	  	Assignment; No Third-Party Rights	  	 	17	  
	 10.7
	  	Dispute Resolution	  	 	17	  
	 10.8
	  	Legal Fees	  	 	19	  
	 10.9
	  	Governing Law	  	 	19	  
	 10.10
	  	Severability	  	 	19	  
	 10.11
	  	Interpretation	  	 	19	  
	 10.12
	  	Time of Essence	  	 	20	  
	 10.13
	  	Counterparts; Electronic Signature	  	 	20	  
	 10.14
	  	Entire Agreement	  	 	20	  

  
 -iii-

 ASSET PURCHASE AGREEMENT 

This ASSET PURCHASE AGREEMENT (the “Agreement”), dated as of August 9, 2013, is between Boat Equipment,
LLC, a Delaware limited liability company (the “Buyer”); Mueller Industries, Inc., a Delaware corporation (“Mueller Industries”); MCTP, LLC, a Michigan limited liability company that is a
subsidiary of Mueller Industries (“MCTP”); and Mueller Plastics Corporation, Inc., a Delaware corporation that is also a subsidiary of Mueller Industries (“Mueller Plastics,” and together with MCTP, the
“Sellers”). Capitalized terms used but not defined herein have the meanings assigned to such terms in Appendix A. 
 In consideration of the mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

 ARTICLE I 
 SCHEDULE I PURCHASE TRANSACTION 
 1.1 Purchase and
Sale. On the terms and subject to the conditions of this Agreement, MCTP hereby sells, assigns, transfers and delivers to the Buyer, and the Buyer hereby purchases, acquires and accepts from MCTP, all of the assets, rights and properties set
forth on Schedule I as the “Schedule I Assets”, free and clear of all Liens (other than Permitted Liens), but excluding the Schedule I Excluded Assets. 

1.2 Excluded Assets. The Schedule I Assets shall not include any of the assets, rights and properties of MCTP identified on
Schedule I as excluded assets (the “Schedule I Excluded Assets”), all of which shall be retained by MCTP. In addition, for a period of 90 days following the date hereof, the Buyer shall have the option to elect, by giving
written notice to MCTP, not to remove from the Seller’s Facility any Schedule I Assets, in which case such specified assets, as of the date of such election, shall thereafter be deemed to be Schedule I Excluded Assets; and provided, for the
avoidance of doubt, that any Schedule I Assets removed by the Buyer from the Seller’s Facility will thereafter be deemed only Schedule I Assets and may not be deemed Schedule I Excluded Assets. 

1.3 Assumed Liabilities. Neither the Buyer nor any of its Affiliates shall assume, take subject to or be liable for any
liabilities or obligations of any kind or nature, whether absolute, contingent, accrued, known or unknown (collectively, “Liabilities”), of MCTP or any Affiliate of MCTP relating to the Schedule I Business, including without
limitation (i) any indebtedness, trade payables, contractual obligations, open purchase orders; (ii) any Liabilities with respect to goods previously sold, including product liabilities and product warranties; (iii) any Liabilities
with respect to non-fulfillment of orders or breach of contract; (iv) any Liabilities relating to any real property ownership interests or leasehold interests; (v) any environmental Liabilities; (vi) any Liabilities relating to any
state, federal or foreign actions, lawsuits or other claims by any person; (vii) any wage, severance, welfare, pension or other obligations to any employees of the Schedule I Business, including any WARN liability; and (viii) any other
obligations or liabilities of any other nature whatsoever (collectively, the “Schedule I Excluded Liabilities”). MCTP shall pay and perform, and shall cause its Affiliates to pay and perform, in the ordinary course of business all
Schedule I Excluded Liabilities. 

  
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 ARTICLE II 
 SCHEDULE II PURCHASE TRANSACTION 
 2.1 Closing Date Purchase and
Sale.  
 (a) On the terms and subject to the conditions of this Agreement, as of the date hereof, Mueller Plastics
hereby sells, assigns, transfers and delivers to the Buyer, and the Buyer hereby purchases, acquires and accepts from Mueller Plastics, all of the assets, rights and properties set forth on Schedule II as the “Schedule II Closing
Assets,” free and clear of all Liens (other than Permitted Liens), but excluding the Schedule II Excluded Assets. 

(b) On the terms and subject to the conditions of this Agreement, on the Deferred Closing Date, Mueller Plastics shall sell, assign,
transfer and deliver to the Buyer, and the Buyer shall purchase, acquire and accept from Mueller Plastics, all of the assets, rights and properties set forth on Schedule II as the “Schedule II Deferred Assets,” free and clear
of all Liens (other than Permitted Liens), but excluding the Schedule II Excluded Assets. 
 2.2 Excluded Assets.
The Schedule II Assets shall not include any of the assets, rights and properties of Mueller Plastics identified on Schedule II as excluded assets (the “Schedule II Excluded Assets”), all of which shall be retained by Mueller
Plastics. In addition, for a period of 90 days following the Deferred Closing Date, the Buyer shall have the option to elect, by giving written notice to Mueller Plastics, not to remove from the Seller’s Facility any Schedule II Assets, in
which case such specified assets, as of the date of such election, shall thereafter be deemed to be Schedule II Excluded Assets; and provided, for the avoidance of doubt, that any Schedule II Assets removed by the Buyer from the Seller’s
Facility will thereafter be deemed only Schedule II Assets and may not be deemed Schedule II Excluded Assets. 
 2.3
Assumed Liabilities. Neither the Buyer nor any of its Affiliates shall assume, take subject to or be liable for any Liabilities of Mueller Plastics or any Affiliate of Mueller Plastics relating to the Schedule II Business, including
without limitation (i) any indebtedness, trade payables, contractual obligations, open purchase orders; (ii) any Liabilities with respect to goods previously sold, including product liabilities and product warranties; (iii) any
Liabilities with respect to non-fulfillment of orders or breach of contract; (iv) any Liabilities relating to any real property ownership interests or leasehold interests; (v) any environmental Liabilities; (vi) any Liabilities
relating to any state, federal or foreign actions, lawsuits or other claims by any person; (vii) any severance, welfare, pension or other obligations to any employees of the Schedule II Business, including any WARN liability; and
(viii) any other obligations or liabilities of any other nature whatsoever (collectively, the “Schedule II Excluded Liabilities”). Mueller Plastics shall pay and perform, and shall cause its Affiliates to pay and perform, in
the ordinary course of business all Schedule II Excluded Liabilities. 

  
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 ARTICLE III 
 PURCHASE PRICE 
 3.1 Purchase Price. The aggregate
consideration to be paid by the Buyer to the Sellers for the Purchased Assets (clauses (a) through (c) collectively, the “Purchase Price”) is as follows: 

(a) On the date hereof, the Buyer shall pay Sixty-one Million, One Hundred Sixty-nine Thousand, Four Hundred Eighty-four U.S. Dollars
($61,169,484) for the Schedule I Assets and the Schedule II Closing Assets (the “Closing Payment”). 
 (b) On
the Deferred Closing Date, the Buyer shall pay Five Million U.S. Dollars ($5,000,000) for the Schedule II Deferred Assets other than the Schedule II Inventory (the “Deferred Assets Payment”). 

(c) On the Deferred Closing Date, the Buyer shall purchase from Mueller Plastics the Schedule II Inventory, for the amount provided in
the Equipment Lease Agreement (the “Deferred Inventory Payment”). 
 The Purchase Price shall be paid to the Sellers by wire
transfers of immediately available funds to an account or accounts designated in writing by Mueller Industries. Mueller Industries shall allocate the Purchase Price between the Sellers. 

3.2 Purchase Price Allocation. The Purchase Price shall be allocated for tax purposes between MCTP and Mueller Plastics and
among the Purchased Assets in the manner contemplated by Schedule 3.2. The allocation set forth in such schedule is intended to comply with the requirements of Section 1060 of the Internal Revenue Code of 1986, as amended. Mueller
Industries and the Buyer, and their Affiliates, shall file all income Tax returns or reports, including without limitation IRS Form 8594, for their respective taxable years in which the Initial Closing and the Deferred Closing occur, to reflect the
allocation described in Schedule 3.2 and agree not to take any position inconsistent therewith before any Governmental Authority charged with the collection of any Tax or in any judicial Proceeding. 

ARTICLE IV 

INITIAL CLOSING 
 4.1 Closing. The closing of the sale and purchase of the Schedule I Assets and the Schedule II Closing Assets (the “Initial Closing”) shall take place on the date hereof by
electronic communication, followed by delivery of documents by overnight courier, or in such other manner as is mutually agreed by the parties. 
 4.2 Closing Deliveries of the Sellers. In connection with the Initial Closing, the Sellers shall deliver to the Buyer: 

(a) The Bill of Sale and Assignment Agreement executed by each Seller, conveying the applicable Purchased Assets to the Buyer;

  
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 (b) A certificate from the Secretary or Manager of each Seller, as applicable, certifying
(i) that attached thereto is a true and complete copy of such Seller’s organizational documents, (ii) that attached thereto is a true and complete copy of the resolutions adopted by such Seller authorizing the execution, delivery and
performance of this Agreement and the Transactions, and (iii) as to the incumbency and signatures of those persons who have executed documents in connection with the Transactions; 

(c) An Equipment Lease Agreement between the Buyer and Mueller Plastics, dated as of the date hereof (the “Equipment Lease
Agreement”); 
 (d) A Manufacturing Supply Agreement between the Buyer or an affiliate of the Buyer and Mueller
Streamline, Co., dated as of the date hereof (the “Supply Agreement”); 
 (e) A Schedule II Business Agreement
between Mueller Industries and the Buyer or an affiliate of the Buyer, dated as of the date hereof (the “Schedule II Business Agreement”); 
 (f) A certificate of good standing of each Seller, dated as of a date not more than 10 Business Days prior to the date hereof, from its state of organization; and 

(g) Such other documents and certificates that the Buyer may reasonably request, to effect the proper and effective conveyance of the
applicable Purchased Assets to the Buyer, free and clear of all Liens whatsoever (other than Permitted Liens), and the consummation of the other Transactions to take place in connection with the Initial Closing. 

4.3 Closing Deliveries of the Buyer. In connection with the Initial Closing, the Buyer shall deliver to Mueller Industries:

 (a) The Closing Payment in accordance with Section 3.1; 

(b) The Bill of Sale and Assignment Agreement; 
 (c) The Equipment Lease Agreement; 
 (d) The Schedule II Business Agreement; and

 (e) The Supply Agreement. 
 ARTICLE V 
 DEFERRED CLOSING 

5.1 Closing. 
 (a) Subject to Section 5.1(b), the closing of the sale and purchase of the Schedule II Deferred Assets (the “Deferred Closing”) shall take place on the Equipment Lease
Termination Date, as defined in the Equipment Lease Agreement, or on such other date as the Buyer and Mueller Plastics may mutually agree, by electronic communication, followed by delivery of documents by overnight courier, or in such other manner
as is mutually agreed by the parties. 

  
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 (b) The respective obligations of each party to this Agreement to effect the Deferred
Closing shall be subject to the satisfaction at or prior to the Deferred Closing of the following condition: no temporary restraining order, preliminary or permanent injunction or other Order issued by any court of competent jurisdiction or
Governmental Authority or other legal or regulatory restraint or prohibition preventing the consummation of the Deferred Closing shall be in effect; nor shall there be any action taken by any Governmental Authority, or any law or Order enacted,
entered, enforced or deemed applicable to the Deferred Closing that would reasonably be expected to prohibit the consummation of the Deferred Closing. 
 5.2 Deliveries of the Sellers. 
 (a) At the Deferred Closing,
Mueller Plastics shall deliver to the Buyer: 
 (i) A Bill of Sale executed by Mueller Plastics, conveying the
applicable Schedule II Deferred Assets to the Buyer; 
 (ii) Such other documents and certificates that the Buyer
may reasonably request, to effect the proper and effective conveyance of the Schedule II Deferred Assets to the Buyer, free and clear of all Liens whatsoever (other than Permitted Liens), and the consummation of the other Transactions to take place
in connection with the Deferred Closing; 
 (iii) Schedules 8.6(i) and (ii). 

5.3 Closing Deliveries of the Buyer. At the Deferred Closing, the Buyer shall deliver to the Sellers the Deferred
Assets Payment and the Deferred Inventory Payment in accordance with Section 3.1. 
 5.4 No Other
Assets. For the avoidance of doubt, the Sellers shall retain, and the Buyer shall not purchase, any assets, properties, rights or interests of the Sellers, Mueller Industries or any of their respective Affiliates other than the Purchased
Assets. 
 ARTICLE VI 
 REPRESENTATIONS AND WARRANTIES OF THE SELLER PARTIES 
 Except as set forth
on the Seller Disclosure Schedules attached hereto, each Seller and Mueller Industries (collectively, the “Seller Parties”) hereby represents and warrants to the Buyer as of the date hereof as follows: 

6.1 Formation; Good Standing. Each Seller Party is a corporation or limited liability company, as applicable, that
is duly organized, validly existing and in good standing under the laws of its state of organization. 
 6.2
Authority; Enforceability. Each Seller Party has the full power, authority and capacity to enter into and perform its obligations under this Agreement and under all other documents entered into in connection herewith and to consummate
the Transactions. The execution, delivery and performance by each Seller Party of this Agreement and such other  

  
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documents and the consummation by each Seller Party of the Transactions have been duly and validly authorized and approved by all requisite action on the part of each Seller Party. This Agreement
and such other documents have been duly and validly executed by each Seller Party and constitute the legal, valid and binding obligations of each Seller Party, enforceable against each Seller Party in accordance with their terms, except as
enforceability may be limited by equitable principles or by bankruptcy, fraudulent conveyance or insolvency laws affecting the enforcement of creditors’ rights generally. 
 6.3 Consent and Approvals. The execution, delivery and performance of this Agreement by each Seller Party, and the consummation by each Seller Party of the Transactions, require no
permit, Consent or license of, or declaration to or filing with, any Governmental Authority or other Person, except for such permits, Consents, licenses, declarations or filings that would not be material to the use or value of the Purchased
Assets. 
 6.4 No Conflicts. Neither the execution, delivery or performance of this Agreement by the
Seller Parties, nor the consummation by the Seller Parties of the Transactions, shall (with or without notice or lapse of time): (i) contravene, conflict with or result in any violation of any provision of the organizational documents of any
Seller Party; (ii) conflict with, violate or result in a breach of any of the terms or provisions of, constitute a default or give any Person a right to declare a default under, give rise to any right of payment, termination, cancellation or
acceleration under, or give any Person the right to exercise any remedy under, any Contract of any Seller Party; (iii) result in the creation of any Lien, condition or restriction upon any of the Purchased Assets; or (iv) contravene,
conflict with or violate, or give any Governmental Authority the right to exercise any remedy (including revocation, withdrawal, suspension or modification) or obtain any relief from or against any Seller Party, under Applicable Law, except where
the failure of any of the representations and warranties contained in clauses (ii), (iii) or (iv) above would not be material to the use or value of the Purchased Assets. 

6.5 Ownership. Mueller Industries owns, directly or indirectly, all of the outstanding equity interests of each Seller.

 6.6 Books and Records. All books and records that are Purchased Assets being provided to, or will be
provided to, the Buyer pursuant to this Agreement are true and correct in all material respects and have been kept in the ordinary course of business. 
 6.7 Financial Statements. Mueller Plastics has delivered to the Buyer unaudited statements of income of the Schedule II Business for each of the fiscal years ending on
December 31, 2012 and 2011 and for the 6-month period ending on June 30, 2013 (collectively, the “Income Statements”). The Income Statements (i) fairly present the results of operations of the Schedule II Business for
the periods referred to in the Income Statements, were prepared in accordance with GAAP consistently applied throughout the periods referred to in the Income Statements (subject to (x) the absence of footnote disclosures and other presentation
items and (y) changes resulting from normal year-end adjustments) and (ii) were prepared in accordance with the books and records of the Seller Parties. Mueller Plastics has also delivered to the Buyer a true and correct statement in all
material respects of the pounds of product produced and the pounds of product sold by the Schedule II Business during such periods. 

  
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 6.8 Litigation. Except as set forth on Schedule 6.8, there are
no Proceedings relating to product liability commenced against any Seller Party or their Affiliates or, to the Knowledge of the Seller Parties, threatened against or affecting any Seller Party (including its directors, managers, officers or
employees in their capacity as such) relating to either Business. There are no Orders to which any Seller Party or any of the Purchased Assets are subject that relate to either Business, or that could affect the enforceability of this Agreement
against a Seller Party, or impair a Seller Party’s ability to consummate the Transactions. 
 6.9 Title
to the Purchased Assets. Each Seller owns good, valid and marketable title to the Purchased Assets being sold by it hereunder, free and clear of all Liens (other than Permitted Liens). 

6.10 Equipment. 
 (a) Schedule 6.10 lists all of the Equipment being sold hereunder by each Seller and, if applicable, lists each model number and serial number or fixed asset number. 

(b) Each item of tangible personal property included in the Schedule I Equipment is in a good state of repair, reasonable wear and tear
excepted, is free of any defect, does not require any maintenance or repair except for routine maintenance and repairs not material in nature or cost, and is adequate for use in the Schedule I Business in the manner presently operated by the
Sellers. Each item of tangible personal property included in the Schedule II Equipment is in operating condition. 
 (c) The
Purchased Assets include all of the material equipment and machinery used by each Seller in connection with the operation of the Businesses in the manner presently operated by the Sellers. The Schedule I Assets are sufficient in all material
respects for the Buyer to manufacture Schedule I Finished Product after the date hereof in substantially the same manner as conducted by the Seller prior to the Initial Closing. The Schedule II Assets are capable of producing Schedule II Finished
Product of sufficient quality and quantity (assuming no material increases in demand after the date hereof) to supply customers of the Schedule II Business between the Initial Closing and the Deferred Closing Date. 

6.11 Proprietary Rights. 
 (a) To the Knowledge of the Seller Parties, neither Seller, in connection with its Business, is interfering with, infringing upon or misappropriating any intellectual property of any Person. No claim has
been asserted against either Seller by any Person to the effect that either Seller, in connection with the operation of its Business, infringes any intellectual property of any Person. 

(b) Schedule 6.11(b) lists all trademarks currently used by either Business. All trademarks currently being used by either
Business are owned by the Seller Parties or their Affiliates. 
 (c) Schedule 6.11(c), which the Seller Parties shall
deliver to the Buyer within seven days after the date hereof, lists all machine software and diagnostic software that either Seller uses in connection with its Business and identifies each Contract pursuant to which the Seller has

  
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licensed any such software from any Person or otherwise acquired the right to use a copy of any such software. Each such software program is an unmodified version of publicly available software
and each Seller has the right to use such software in the manner that is currently used in the Seller’s Business. 
 6.12
Warranties and Products. Except as set forth in Schedule 6.12, to the Knowledge of the Seller Parties, there are no defects in the design or manufacture of any of the products made, manufactured, distributed, or sold by either
Seller in connection with its Business (collectively, the “Products”) that would adversely affect the performance or quality of any such Product, other than defects arising in the ordinary course of business in connection with the
manufacturing and distribution activities of the Businesses that are not material in the aggregate. The Products have been designed and manufactured in compliance with all regulatory, engineering, industrial and other codes generally recognized as
being applicable thereto, and, to the Knowledge of the Seller Parties, there are no citations, decisions or any written statements by any Governmental Authority or the National Sanitation Foundation that indicate that any Product is unsafe for the
use or purpose for which the Product is manufactured or sold or fails to meet any standards promulgated by such Governmental Authority or the National Sanitation Foundation with respect to such use or purpose. Neither Seller has recalled any Product
or received written notice of any defect in any Product, any claim of personal injury or death, or material property or economic damages in connection with any Product, or any claim for injunctive relief in connection with any Product. 

6.13 Suppliers. The relationships of Mueller Plastics with each of the suppliers to the Business are good working
relationships, and, to the Knowledge of the Seller Parties, such supplier since December 31, 2012, has not (at the volition of the supplier) (i) cancelled or otherwise terminated, or threatened to Mueller Plastics in writing to cancel or
otherwise terminate, its relationship with Mueller Plastics, or (ii) decreased materially, or threatened to decrease or limit materially, its services, supplies or materials to Mueller Plastics. 

6.14 Customers. Since December 31, 2012, (i) no account or relationship with any customer of the Schedule II
Business has been terminated or not been renewed; and (ii) no customer of the Schedule II Business has materially reduced or, to the Knowledge of the Seller Parties, is considering any material reduction in, its commercial relationship with
Mueller Plastics. 
 6.15 Certain Payments. Mueller Plastics has not, and, to the Knowledge of the Seller Parties,
no director, officer, agent or employee of Mueller Plastics has, directly or indirectly, made any contribution, gift, bribe, rebate, payoff, influence payment, kickback, or other payment to any Person, private or public, regardless of form, whether
in money, property or services for or in respect of Mueller Plastics or any Affiliate of Mueller Plastics that is in violation of Applicable Law. 
 6.16 Business Operation. Since January 1, 2013, the Sellers have operated the Businesses only in the ordinary course of business, and (i) there has not been any material damage,
destruction or other casualty loss affecting either Business; (ii) neither Seller has sold, leased or disposed of any material assets previously used in the operation of either Business, except for inventory; and (iii) neither Seller has
failed to maintain the Purchased Assets substantially in accordance with past practices. 

  
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 6.17 Brokers. No broker, finder or other Person is or shall be entitled
to any brokerage fees, commissions or finder’s fees from the Seller in connection with the Transactions. 

ARTICLE VII 
 REPRESENTATIONS AND WARRANTIES OF THE BUYER 
 Except as set forth on the
Buyer Disclosure Schedules attached hereto, the Buyer represents and warrants to the Seller Parties as follows: 
 7.1
Organization. The Buyer is a limited liability company or corporation, as applicable, duly organized, validly existing and in good standing under the laws of the State of Delaware. 

7.2 Authority. The Buyer has full power, authority and capacity to enter into and perform its obligations under this
Agreement and under all other documents entered into in connection therewith and to consummate the Transactions. The execution, delivery and performance of this Agreement and such other documents by the Buyer and the consummation by the Buyer of the
Transactions have been duly and validly authorized and approved by all requisite action on the part of the Buyer. This Agreement and such other documents have been duly and validly executed by the Buyer and constitute the legal, valid and binding
obligation of the Buyer, enforceable against the Buyer in accordance with its terms, except as enforceability may be limited by equitable principles or by bankruptcy, fraudulent conveyance or insolvency laws affecting the enforcement of
creditors’ rights generally. 
 7.3 Consent and Approvals. The execution, delivery and
performance of this Agreement by the Buyer, and the consummation by the Buyer of the Transactions, require no permit, Consent or license of, or declaration to or filing with, any Governmental Authority or other Person, except for such permits,
Consents, licenses, declarations or filings that would not be material to the Buyer’s performance of its obligations hereunder. 
 7.4 No Conflicts. Neither the execution, delivery or performance of this Agreement by the Buyer, nor the consummation by the Buyer of the Transactions, shall (with or without notice
or lapse of time or both): (i) contravene, conflict with or result in any violation of any provision of the organizational documents of the Buyer; (ii) conflict with, violate or result in a breach of any of the terms or provisions of,
constitute a default or give any Person a right to declare a default under, give rise to any right of payment, termination, cancellation or acceleration under, or give any Person the right to exercise any remedy under, any Contract of the Buyer; or
(iii) contravene, conflict with or violate, or give any Governmental Authority the right to exercise any remedy (including revocation, withdrawal, suspension or modification) or obtain any relief under Applicable Law, except where the failure
of any of the representations and warranties contained in clauses (ii) or (iii) above would not be material to the Buyer’s performance of its obligations hereunder. 

  
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 7.5 Brokers. No broker, finder or other Person is or shall be entitled
to any brokerage fees, commissions or finder’s fees payable by the Buyer in connection with the Transactions by reason of any action taken by the Buyer. 
 ARTICLE VIII 
 COVENANTS 

8.1 Confidentiality. After the Closing Date, each Seller Party (i) shall protect, and shall use its
commercially reasonable efforts to cause its Affiliates, officers, employees, lenders, accountants, representatives, agents, consultants and advisors (collectively, “Representatives”) to protect, the confidentiality of all
proprietary and confidential information relating to either of the Businesses, the Buyer or its Affiliates, and (ii) shall not disclose, and shall use its commercially reasonable efforts to cause its Representatives not to disclose, such
proprietary and confidential information to any other Persons (other than the Seller Parties’ Representatives), except as permitted by Section 10.5 or unless a Seller Party’s outside counsel advises that disclosure is required
to be made by Applicable Law or any applicable rules or regulations of any securities exchange or pursuant to a request from any state or federal governmental or regulatory agency or authority. 

8.2 Delivery of Purchased Assets. 
 (a) MCTP shall deliver, or make available for delivery, to the Buyer the Schedule I Assets as provided in Schedule 8.2(a). Mueller Plastics shall deliver, or make available for delivery, to
the Buyer the Schedule II Assets as provided in the Equipment Lease Agreement. 
 (b) Each Seller, at its expense, will
deliver to the Buyer, by electronic transmission or by overnight courier service upon request from time to time by the Buyer after the Initial Closing or the Deferred Closing, as applicable, copies of all of the books and records of or primarily
relating to the Business that are included in the Purchased Assets, provided that, to the extent any such books and records contain any information that is not primarily related to the Business, each Seller shall be entitled to redact or otherwise
remove such information prior to delivering such books and records. If any books and records that are delivered by a Seller by electronic transmission are not viewable in the proper format by the Buyer or are otherwise unreadable by the Buyer, such
Seller shall promptly deliver paper copies of such books and records to the Buyer upon the request of the Buyer. In addition, for a period of one year following the Initial Closing, each Seller shall make representatives available to the Buyer to
answer questions about its books, records or other information about the Business received by the Buyer during normal business hours (in a manner so as to not interfere with the normal business operations of such Seller). 

(c) Each Seller shall cooperate with the Buyer to convey to the Buyer in accordance with the terms of this Agreement, within a reasonable
time after written request, any assets (including any records) that are included in the Purchased Assets but that were not delivered or conveyed at the applicable closing. 

  
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 8.3 Employees. 

(a) The Sellers are considering paying retention bonuses and other benefits to certain employees of the Businesses to provide an incentive
for them to continue their employment with the Sellers at least through the Equipment Lease Termination Date. The Buyer has agreed to reimburse the Sellers certain amounts as agreed by the Buyer and the Sellers. 

(b) Nothing herein shall be deemed to create any third-party beneficiaries of this Agreement or to constitute an employment agreement or
offer of employment. 
 8.4 Trademarks. 
 (a) The Seller Parties acknowledge and agree that the Buyer shall have the right, from the date hereof through August 9, 2015 (the “License Period”), to sell to any Person all
finished goods that are Purchased Assets purchased by the Buyer hereunder that are imprinted (at the time they are delivered to the Buyer in accordance with this Agreement) with any of the trademarks set forth on Schedule 8.4. Upon the
written request of the Seller, the Buyer shall have the right to manufacture products with the trademarks of any Seller Party or their Affiliates from the molds included in the Purchased Assets, and to sell such products with such trademarks to any
Seller Party. The Seller hereby grants to the Buyer a world-wide, fully paid and nonexclusive license to use such trademarks solely for such purposes during the License Period. 

(b) The Buyer agrees to abide by the covenants contained in Section 12.2(b) and 12.3(b) of the Supply Agreement with respect
to the trademarks of any Seller Party or any of their Affiliates that are covered by Section 8.4(a). 
 8.5
Taxes and Expenses Associated with the Purchased Assets. The Seller shall pay any Taxes arising out of the Transactions other than sales Taxes payable by the Buyer or other transfer Taxes payable by the Buyer should any such amounts
become due as a result of the Transactions. All ad valorem Taxes (i) on the Schedule I Assets and the Schedule II Closing Assets levied in 2013 shall be apportioned between the Buyer and Seller based on the number of days each party owns such
assets in such year and (ii) on the Schedule II Assets levied in the year in which the Deferred Closing Date occurs shall be apportioned between the Buyer and Seller based on the number of days each party owns such assets in such year.

 8.6 Updated Schedules. On the Deferred Closing Date, Mueller Plastics shall prepare and deliver to the Buyer
(i) Schedule 8.6(i), which shall be unaudited statements of income of the Schedule II Business for the period from January 1, 2013 through the last day of the month prior to the Deferred Closing Date and (ii) Schedule
8.6(ii), which shall list each customer or account representing sales by Mueller Plastics in connection with the Schedule II Business in the 12 months ended on the last day of the month prior to the Deferred Closing Date, and the amount of sales
to each such customer or account during each such period, except in each case with respect to HVACR wholesalers. 

  
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 ARTICLE IX 
 INDEMNIFICATION 
 9.1 Survival; Knowledge. All
representations and warranties made by any Seller Party or the Buyer in this Agreement, the schedules attached hereto and the documents to be executed in connection with this Agreement, shall survive each closing. No representation or warranty shall
be deemed to be waived or otherwise diminished as a result of any due diligence investigation by the party to whom the representation or warranty was made or as a result of any actual or constructive knowledge by such Person with respect to any
facts, circumstances or claims or by the actual or constructive knowledge of such Person that any representation or warranty is false at the time of either closing. A party’s consummation of the Transactions after waiving any of the conditions
to its obligation to close (including the condition relating to the accuracy of a party’s representations and warranties) shall not limit or otherwise affect its right to recover Damages under this Article IX. The obligations to
indemnify, defend and hold harmless pursuant to this Article IX for any breach of representations or warranties shall survive the consummation of the Transactions until the Survival Date, if applicable, except for claims for indemnification
asserted prior to the Survival Date (which claims shall survive until final resolution thereof). No Indemnified Party shall be entitled to be indemnified from, defended or held harmless against any Damages pursuant to the terms of this Article
IX for any breach of representations or warranties unless such Indemnified Party delivers written notice of its claim for indemnification to the Indemnifying Party pursuant to Section 10.4 on or prior to the Survival Date, if
applicable. 
 9.2 Indemnification Obligations of the Seller. Each of the Seller Parties, on a joint
and several basis, shall indemnify and hold harmless the Buyer and its Affiliates (and the officers, directors, managers, equity holders, employees and agents of each of them) (collectively, the “Buyer Indemnitees”) for, and shall
pay to such Persons, any and all actual loss, liability, claim, damage and expense (including the cost of investigation and reasonable attorneys’ fees and expenses), whether or not involving a third-party claim (collectively, the
“Damages”), without duplication, arising, directly or indirectly, from or in connection with: 
 (a) Any
breach or alleged breach of any representation or warranty of any Seller Party contained in this Agreement or in any agreement or instrument executed and delivered pursuant to this Agreement; 

(b) Any breach or alleged breach of any covenant or agreement of any Seller Party contained in this Agreement or in any agreement or
instrument executed and delivered pursuant to this Agreement; and 
 (c) Any claims for any Excluded Liability, including
without limitation any Excluded Liability that becomes, or is alleged to become, a liability of the Buyer under any bulk sales law, under any doctrine of de facto merger or successor liability, or otherwise by operation of law. 

9.3 Indemnification Obligations of the Buyer. The Buyer shall indemnify and hold harmless each Seller Party and
their Affiliates (and the officers, directors, managers, equity holders, employees and agents of each of them) (collectively, the “Seller Indemnitees”) for, and shall pay to such Persons, any and all Damages, without duplication,
arising, directly or indirectly, from or in connection with: 

  
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 (a) Any breach of any representation or warranty of the Buyer contained in this Agreement or
in any agreement or instrument executed and delivered pursuant to this Agreement; 
 (b) Any claims for personal injury, death
or property damage arising out of the Buyer’s operation of the Purchased Assets for the period of six years after the Initial Closing; and 
 (c) Any breach of any covenant or agreement of the Buyer contained in this Agreement or in any agreement or instrument executed and delivered pursuant to this Agreement. 

For the avoidance of doubt, the indemnification provided pursuant to Section 9.3(b) relates to the physical operation of the Purchased Assets, and
does not extend to the sale of fittings or other aspects of the Business. 
 9.4 Limitations on Indemnification.

 (a) The rights of the Buyer Indemnitees to indemnification pursuant to the provisions of Section 9.2(a)
(other than in connection with a breach of the representations and warranties set forth in Section 6.9) are subject to the following limitations: 

(i) the Buyer Indemnitees shall not be entitled to recover Damages pursuant to Section 9.2(a) until the total
amount of Damages which the Buyer Indemnitees would recover under Section 9.2(a), but for this Section 9.4(a), exceeds $150,000, after which, the Buyer Indemnitees shall be entitled to recover the full amount of Damages
without regard to such limitation; 
 (ii) the Buyer Indemnitees shall not be entitled to recover for any
particular Damages (including any series of related Damages) pursuant to Section 9.2(a) unless such Damages (including any series of related Damages) equals or exceeds $5,000; and 

(iii) the maximum Damages indemnifiable pursuant to Section 9.2(a) shall be $9,000,000. 

(b) The rights of the Seller Indemnitees to indemnification pursuant to the provisions of Section 9.3(a) are subject
to the following limitations: 
 (i) the Seller Indemnitees shall not be entitled to recover Damages
pursuant to Section 9.3(a) until the total amount of Damages which the Seller Indemnitees would recover under Section 9.3(a), but for this Section 9.4(b), exceeds $150,000, after which, the Seller Indemnitees
shall be entitled to recover the full amount of Damages without regard to such limitation; 

  
 13 

 (ii) the Buyer Indemnitees shall not be entitled to recover for any
particular Damages (including any series of related Damages) pursuant to Section 9.3(a) unless such Damages (including any series of related Damages) equals or exceeds $5,000; and 

(iii) the maximum Damages indemnifiable pursuant to Section 9.3(a) shall be $9,000,000. 

(c) The rights of the Buyer Indemnitees or the Seller Indemnitees to indemnification pursuant to the provisions of
Section 9.2 and Section 9.3 are subject to the following limitations: 
 (i) the
amount of any and all Damages shall be determined net of any amounts actually received by the Buyer Indemnitees or Seller Indemnitees, as applicable, under insurance policies or from other collateral sources (such as contractual indemnities of any
Person which are contained outside of this Agreement) with respect to such Damages; and 
 (ii) neither the Buyer
Indemnitees nor the Seller Indemnitees shall be entitled to recover or make a claim for any amounts in respect of any consequential damages (including loss of revenue, income or profits) or punitive, special or exemplary damages. 

(d) No indemnification shall be required by the Sellers under Section 9.2(a) or by the Buyer under
Section 9.3(a) unless the Buyer or Sellers, as applicable, shall have received notice of a claim specifying the factual basis of that claim in reasonable detail to the extent then known by the Buyer Indemnitee or Seller Indemnitee, as
applicable, on or before the date one year after the date of the Initial Closing (the “Survival Date”); provided that the foregoing limitation shall not apply to any breach or alleged breach of any representation or warranty set
forth in Section 6.2, Section 6.9 or Section 6.17, with respect to any claim by a Buyer Indemnitee, or Section 7.2 or Section 7.5 with respect to any claim by a Seller Indemnitee.

 (e) Except with respect to fraud, as to which there shall be no limitations on remedies, the provisions of this
Article IX shall be the sole and exclusive remedy of the Buyer Indemnitees and the Seller Indemnitees with respect to any matter in any way arising from or relating to the Purchased Assets or the operation of the Business prior to the Initial
Closing, regardless of the legal theory under which such liability or obligation may be sought to be imposed, whether sounding in contract or tort, or whether at law or in equity, or otherwise, and that the Buyer Indemnitees and the Seller
Indemnitees shall have no other remedy or recourse with respect to any of the foregoing other than pursuant to, and subject to the terms and conditions of, this Article IX. 

9.5 Procedure for Indemnification – Third-Party Claims. 

(a) If any Person shall claim indemnification hereunder arising from any claim or demand of a third party, the party seeking
indemnification (the “Indemnified Party”) shall promptly notify the party from whom indemnification is sought (the “Indemnifying Party”) in writing of the basis for such claim or demand setting forth the nature of
the claim or demand in reasonable detail. The failure of the Indemnified Party to so notify the Indemnifying Party shall not relieve the Indemnifying Party of any indemnification obligation hereunder except to the extent the Indemnifying Party
demonstrates that the defense of such claim or demand is prejudiced by the failure to give such notice. 

  
 14 

 (b) If any Proceeding is brought by a third party against an Indemnified Party and
the Indemnified Party gives notice to the Indemnifying Party pursuant to Section 9.5(a), the Indemnifying Party shall be entitled to (i) participate in such Proceeding and (ii) to the extent that it wishes, to assume the
defense of such Proceeding, if (x) the Indemnifying Party provides written notice to the Indemnified Party that the Indemnifying Party intends to undertake such defense and by such notice it shall be conclusively established that the
Indemnifying Party shall indemnify the Indemnified Party against all claims for indemnification resulting from or relating to such third-party claim as provide in this Article IX, and (y) the Indemnifying Party conducts the defense of
the third-party claim actively and diligently with counsel reasonably satisfactory to the Indemnified Party. If the Indemnifying Party assumes the defense of such Proceeding, the Indemnified Party shall, in its sole discretion, have the right to
employ separate counsel (who may be selected by the Indemnified Party in its sole discretion) in any such action and to participate in the defense thereof, and the fees and expenses of such counsel shall be paid by the Indemnified Party. The
Indemnified Party shall reasonably cooperate with the Indemnifying Party and its counsel in the defense or compromise of such claim or demand. If the Indemnifying Party assumes the defense of a Proceeding, no compromise or settlement of such claims
may be effected by the Indemnifying Party without the Indemnified Party’s consent, which shall not be unreasonably withheld, delayed or conditioned. Prior to fifteen days after giving notice to the Indemnifying Party of a claim pursuant to
Section 9.5(a) or in the event the Indemnifying Party shall have assumed the defense of a Proceeding, no compromise or settlement of such claims may be effected by the Indemnified Party without the prior written consent of the
Indemnifying Party. 
 (c) If (i) written notice is given to the Indemnifying Party of the commencement of
any Proceeding and the Indemnifying Party does not, within ten (10) Business Days after the Indemnified Party’s written notice is given, give notice to the Indemnified Party of its election to assume the defense of such Proceeding,
(ii) the condition set forth in Section 9.5(b)(i)(y) above becomes unsatisfied, (iii) the use of counsel chosen by the Indemnifying Party to represent the Indemnified Party would present such counsel with a conflict of interest
as reasonably determined by such counsel or (iv) that there is a reasonable probability that a Proceeding will involve remedies other than the payment of monetary damages (and not solely due to a general prayer for relief) for which the
Indemnified Party would be entitled to indemnification from the Indemnifying Party under this Agreement, the Indemnified Party shall (upon notice to the Indemnifying Party) have the right to undertake the defense of such claim, and the Indemnifying
Party shall reimburse the Indemnified Party promptly and periodically for the costs of defending against the third-party claim (including reasonable attorneys’ fees and expenses), and the Indemnifying Party shall remain responsible for any
indemnifiable amounts arising from or related to such third-party claim to the fullest extent provided in this Article IX. The Indemnifying Party may elect to participate in such Proceedings, negotiations or defense with its own counsel at
any time at its own expense. 
 (d) For purposes of this Article IX, an “alleged” breach of a
representation, warranty or covenant shall exist only if there is a claim by a third party against an Indemnified Party alleging facts that, if true, would constitute a breach of such representation, warranty or covenant. 

  
 15 

 ARTICLE X 
 GENERAL PROVISIONS 
 10.1 Expenses. Each of the Buyer
and the Seller Parties shall pay all of its own costs and expenses incurred by it in connection with this Agreement and the Transactions. 
 10.2 Amendment and Modification. Except as provided in Section 8.6 with respect to the delivery of Schedules 8.6(i) and (ii), this Agreement may be amended,
modified or supplemented only by written agreement of the Seller Parties and the Buyer. 
 10.3 Waiver of
Compliance; Consents. The rights and remedies of the parties are cumulative and not alternative. Neither the failure nor any delay by any party in exercising any right, power or privilege under this Agreement will operate as a waiver of such
right, power or privilege, and no single or partial exercise of any such right, power or privilege will preclude any other or further exercise of such right, power or privilege or the exercise of any other right, power or privilege. To the maximum
extent permitted by Applicable Law, (i) no claim or right arising out of this Agreement can be discharged by one party, in whole or in part, by a waiver or renunciation of the claim or right unless in writing signed by the other party;
(ii) no waiver that may be given by a party will be applicable except in the specific instance for which it is given and (iii) no notice to or demand on one party will be deemed to be a waiver of any obligation of such party or of the
right of the party giving such notice or demand to take further action without notice or demand as provided in this Agreement. Whenever this Agreement requires or permits consent by or on behalf of any party hereto, such consent shall be given in
writing. 
 10.4 Notices. All notices, consents, waivers and other communications hereunder shall be
in writing and shall be deemed to have been duly given (i) when delivered by hand, (ii) when sent by facsimile transmission (with written confirmation of receipt), provided that a copy is mailed by registered or certified mail, postage
prepaid (return receipt requested), (iii) two calendar days after it is mailed, if mailed by registered or certified mail, postage prepaid (return receipt requested), or (iv) one calendar day after it is mailed, if mailed by a nationally
recognized overnight delivery service, to the parties at the addresses set forth on Schedule 10.4 (or at such other address for a party as shall be specified by like notice, provided that notices of a change of address shall be effective only
upon receipt thereof). 
 10.5 Publicity. Mueller Industries may issue a press release announcing the
Transactions contemplated hereby upon the execution of this Agreement, the form and substance of which shall be approved by the Buyer. No party hereto shall make any other public announcements or similar publicity of the Transactions without first
obtaining the prior written consent of the Buyer and Mueller Industries; provided that nothing contained herein shall prohibit any party from making any public announcement if such public disclosure is required by Applicable Law or any applicable
rules or regulations of any securities exchange or pursuant to a request from any state or federal governmental or regulatory agency or authority (provided that any party making any such disclosure shall give the other party advance notice of any
such 

  
 16 

 
disclosure to the extent practicable and permitted by Applicable Law); provided further that each of the parties may make statements, without the consent of the other parties, that are not
inconsistent with any previous press release, public announcement or public disclosure made by any of the parties in compliance with this Section 10.5. The Buyer and Mueller Industries shall consult with each other concerning the means
by which the Businesses’ employees, customers, suppliers and representatives will be informed of the Transactions, and any agreement between executive management of the Buyer and Mueller Industries with respect to such communication shall be
permitted under this Section 10.5. 
 10.6 Assignment; No Third-Party Rights. This Agreement
and all of the provisions hereof shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns, but neither this Agreement nor any of the rights, interests or obligations hereunder shall
be assigned by any party hereto without the prior written consent of the parties hereto, except that MCTP or Mueller Plastics may assign its rights and obligations hereunder (including by operation of law) to any wholly owned subsidiary of Mueller
Industries, and any Seller Party may assign its rights and obligations hereunder (including by operation at law) at any Person acquiring all or substantially all of such Seller Party’s assets provided that no such assignment shall release such
party from its obligations hereunder. Except as set forth in Article IX, this Agreement and its provisions are for the sole benefit of the parties to this Agreement and their successors and permitted assigns and shall not give any other
Person any legal or equitable right, remedy or claim. 
 10.7 Dispute Resolution. Every dispute,
controversy or claim arising out of or relating to this Agreement or the breach thereof that solely involves the parties hereto (a “Dispute”) shall be resolved as follows:  

(a) The party that believes there is a Dispute shall give a written notice to the other party specifying in reasonable detail the
nature of the Dispute and the remedy sought, and including reference to the dispute resolution mechanism in this Section 10.7. The party receiving such notice shall respond, in writing, in reasonable detail within ten days after the date
of the receipt of the notice. If the parties are unable to resolve the dispute within ten days after the date of such response, the Chief Executive Officer from each of Mueller Industries and the Buyer shall meet in person in Chattanooga, Tennessee
within thirty days after the date of the response.  
 (b) Any Disputes that the parties are unable to resolve pursuant
to the foregoing procedure within thirty days after the initial meeting of the Chief Executive Officers, shall be resolved by final and binding arbitration in accordance with the International Institute for Conflict Prevention and Resolution Rules
for Non-Administered Arbitration (the “CPR Rules”), as provided in this Section 10.7. The arbitration shall be governed by the U.S. Arbitration Act, 9 U.S.C. § 1, et seq., and judgment upon the award rendered by the
Arbitrator may be entered by any court having jurisdiction thereof. 
 (c) The arbitrator to be selected (the
“Arbitrator”) shall be one independent and impartial arbitrator selected pursuant to CPR Rule 6.4. The arbitration shall be conducted in Chattanooga, Tennessee; provided that the Arbitrator may, for the convenience of the parties
and without changing the sites of the arbitration proceeding, permit the taking of evidence outside of Chattanooga, Tennessee. 

  
 17 

 (d) In the event of any conflict between the CPR Rules in effect from time to time
and the provisions of this Agreement, the provisions of this Agreement shall prevail and be controlling. The Arbitrator shall have no power or authority, under the CPR Rules or otherwise, to (x) modify or disregard any provision of this
Agreement, including the provisions of this Section 10.7, or (y) address or resolve any issue not submitted by the parties. 
 (e) The Arbitrator shall permit and facilitate discovery pursuant to CPR Rule 11. Within 30 days after selection of an Arbitrator, all parties (unless otherwise ordered by the Arbitrator for good cause or
as mutually agreed) shall provide to the other parties to the arbitration all documents, electronically stored information, and tangible things that the parties have in their possession, custody, or control and may use to support any of their claims
or defenses. Thereafter, each party shall have the right to such other discovery procedures as the Arbitrator may determine to be reasonably necessary for a fair understanding of any legitimate issue raised in the arbitration. 

(f) The award of the Arbitrator may be monetary damages, an order requiring performance of obligations under this Agreement or any other
appropriate award or remedy; provided, that the Arbitrator may not make any ruling, finding or award that does not conform to the terms and conditions of this Agreement. The arbitrator shall have the authority to award interest on any damages and
shall award attorneys’ fees and costs to the prevailing party or parties at their discretion. Not later than 30 days after the conclusion of the arbitration hearing, the Arbitrator shall prepare and distribute to the parties a writing setting
forth the arbitral award and the Arbitrator’s reasons therefor. Any award rendered by the Arbitrator shall be final, conclusive and binding upon the parties, and judgment thereon may be entered and enforced in any court of competent
jurisdiction; provided, that an appeal of a final arbitration award arising out of or related to this Agreement may be taken under the CPR Arbitration Appeal Procedure. 
 (g) The fees and expenses of the Arbitrator shall be shared equally by the parties and advanced by them from time to time as required. 

(h) Unless otherwise agreed by the parties, any appeal shall be conducted in accordance at the place of the original arbitration.

 (i) The parties agree that the arbitration will be private and confidential (except to the extent a party is required to
disclose any information by Applicable Law or any applicable rules or regulations of any securities exchange) and that any documents exchanged between them will be treated confidentially, used only for the purpose of pursuing or defending any claim
in the arbitration and will, except to the extent required by Applicable Law, be returned or destroyed when the arbitration is finally resolved. 
 (j) In addition, notwithstanding anything herein to the contrary, the parties reserve the right to proceed at any time in any court having jurisdiction or by self help to exercise or prosecute the
following remedies, as applicable: (i) all rights of self help, (ii) pre-judgment garnishment or attachment of property, (iii) a preliminary injunction or temporary restraining 

  
 18 

 
order to preserve the status quo or to enforce a party’s rights and (iv) when applicable, a judgment by confession of judgment. Preservation of these remedies does not limit the
power of the arbitrators to grant similar remedies that may be requested by a party in a Dispute. The agreement to arbitrate set forth in this Section 10.7 may only be enforced by the parties to this Agreement and their permitted
successors and assigns, shall survive the termination or breach of this Agreement, and shall be construed pursuant to and governed by the provisions of the Federal Arbitration Act, 9 U.S.C. §1, et seq. 

10.8 Legal Fees. In the event of any action for the breach of this Agreement or misrepresentation by any party, the
prevailing party shall be entitled to reasonable attorneys’ fees, costs and expenses incurred in such action. Attorneys’ fees incurred in enforcing any judgment in respect of this Agreement are recoverable as a separate item. The preceding
sentence is intended to be severable from the other provisions of this Agreement and to survive any judgment and, to the maximum extent permitted by law, shall not be deemed merged into any such judgment. 

10.9 Governing Law. The execution, interpretation and performance of this Agreement shall be governed by the
internal laws and judicial decisions of the State of Delaware, without regard to principles of conflicts of laws. 

10.10 Severability. If any provision of this Agreement shall be held invalid or unenforceable, the other provisions
of this Agreement shall remain in full force and effect. Any provision of this Agreement held invalid or unenforceable only in part or degree will remain in full force and effect to the extent not held invalid or unenforceable. 

10.11 Interpretation. 
 (a) The Article and Section headings contained in this Agreement are solely for the purpose of reference, are not part of the agreement of the parties and shall not in any way affect the meaning or
interpretation of this Agreement. 
 (b) References to “Sections” or “Articles” refer to corresponding
Sections or Articles of this Agreement unless otherwise specified. 
 (c) Unless the context requires otherwise, (i) the
words “include,” “including” and variations thereof mean without limitation; (ii) the words “hereof,” “hereby,” “herein,” “hereunder” and similar terms refer to this Agreement as a
whole and not any particular section or article in which such words appear; (iii) words in the singular include the plural, words in the plural include the singular, and words importing any gender shall be applicable to all genders; (iv) a
term defined as one part of speech (such as a noun) shall have a corresponding meaning when used as another part of speech (such as a verb); and (v) currency amounts referenced herein are in U.S. Dollars. 

(d) Any reference herein to a statute, regulation or law shall include any amendment thereof, any successor thereto and any rules,
regulations and published interpretations promulgated thereunder by Governmental Authorities. 

  
 19 

 (e) References to a number of days refer to calendar days unless Business Days are
specified. Except as otherwise specified, whenever any action must be taken on or by a day that is not a Business Day, then such action may be validly taken on or by the next day that is a Business Day. 

10.12 Time of Essence. With regard to all dates and time periods set forth or referred to in this Agreement, time is
of the essence. 
 10.13 Counterparts; Electronic Signature. This Agreement may be executed in one
or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. This Agreement and the agreements and certificates contemplated hereby may be executed on signature pages
exchanged by facsimile or other electronic means, in which event each party shall promptly deliver to the other party such number of original executed copies as the other party may reasonably require. 

10.14 Entire Agreement. This Agreement, including the Appendices and Schedules hereto and the documents delivered
pursuant to this Agreement, including without limitation the Restricted Business Agreement, the Equipment Lease Agreement and the Supply Agreement, embody the entire agreement and understanding of the parties hereto in respect of the subject matter
hereof. The Appendices and disclosure schedules hereto are an integral part of this Agreement and are incorporated by reference herein. This Agreement supersedes all prior agreements and understandings between the parties with respect to the
Transactions. 
 [Signatures begin on next page] 

  
 20 

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

									
	BOAT EQUIPMENT, LLC	 		 	MUELLER INDUSTRIES, INC.
					
	By:	 	 /s/ Pamela A. Hollifield
	 		 	By:	 	 /s/ Gregory L. Christopher

	Name:	 	Pamela A. Hollifield	 		 	Name:	 	Gregory L. Christopher
	Title:	 	Authorized Person	 		 	Title:	 	Chief Executive Officer
			
	MCTP, LLC	 		 	MUELLER PLASTICS CORPORATION, INC.
	By:	 	Mueller Copper Tube Products, Inc.,	 		 		 	
	its sole member	 		 		 	
					
	By:	 	 /s/ Gregory L. Christopher
	 		 	By:	 	 /s/ Gregory L. Christopher

	Name:	 	Gregory L. Christopher	 		 	Name:	 	Gregory L. Christopher
	Title:	 	President	 		 	Title:	 	President

  
 21 

 APPENDIX A 
 DEFINITIONS 
 “Affiliate” means with respect to any
Person, each of the Persons that directly or indirectly, through one or more intermediaries, owns or controls, is controlled by or is under common control with, such Person. For the purpose of this Agreement, “control” means the
possession, directly or indirectly, of the power to direct or cause the direction of management and policies, whether through the ownership of voting securities, by contract or otherwise. 

“Agreement” means this Agreement, as it may hereafter be amended in accordance with its terms. 

“Applicable Law” means with respect to any Person, any statute, law, treaty, rule, regulation, Order, decree, writ,
injunction or determination of any arbitrator or court or a Governmental Authority, in each case applicable or binding upon such Person, its business or the ownership or use of any of its assets. 

“Arbitrator” has the meaning set forth in Section 10.7(c). 

“Businesses” means the Schedule I Business and the Schedule II Business, collectively 

“Business Day” means any day except Saturday, Sunday or any other day on which commercial banks located in New York, New
York are authorized or required by Applicable Law to be closed for business. 
 “Buyer” has the meaning set
forth in the introductory paragraph. 
 “Buyer Parties” has the meaning in the introductory paragraph of
Article VII. 
 “Closing Payment” has the meaning set forth in Section 3.1(a). 

“Consent” means any approval, consent, ratification, waiver or other authorization (including any Governmental
Authorization). 
 “Contract” means any agreement, contract, obligation, promise or undertaking (whether oral
or written and whether express or implied), including but not limited to any contract, agreement, indenture, deed of trust, lease and note. 
 “CPR Rules” has the meaning set forth in Section 10.7(b). 
 “Damages” has the meaning set forth in Section 9.2. 

“Deferred Closing” has the meaning set forth in Section 5.1. 

“Deferred Closing Date” means the date that the Deferred Closing takes place. 

“Deferred Assets Payment” has the meaning set forth in Section 3.1(b). 

  
 1 

 “Deferred Inventory Payment” has the meaning set forth in
Section 3.1(c). 
 “Dispute” has the meaning set forth in Section 10.7. 

“Equipment” means the Schedule I Equipment and the Schedule II Equipment. 

“Equipment Lease Agreement” has the meaning set forth in Section 4.2(c). 

“Excluded Assets” means the Schedule I Excluded Assets and the Schedule II Excluded Assets. 

“Excluded Liabilities” means the Schedule I Excluded Liabilities and the Schedule II Excluded Liabilities. 

“Governmental Authority” means any nation or government, any state or other political subdivision thereof, any foreign,
federal, municipal, provincial, local, city or county government, any entity exercising executive, legislative, judicial, regulatory, self-regulatory, arbitral or administrative functions of or pertaining to government and any corporation or other
entity owned or controlled, through capital stock or otherwise, by any of the foregoing. 
 “Governmental
Authorization” means any approval, non-disapproval, consent, license, permit, waiver or other authorization issued, granted, given or otherwise made available by or under the authority of any Governmental Authority or pursuant to Applicable
Law. 
 “Income Statements” has the meaning set forth in Section 6.7. 

“Indemnified Party” has the meaning set forth in Section 9.5(a). 

“Indemnifying Party” has the meaning set forth in Section 9.5(a). 

“Initial Closing” has the meaning set forth in Section 4.1. 

“Knowledge of the Seller Parties” means the actual knowledge of any of Gregory L. Christopher, Jeffrey A. Martin or Gary
C. Wilkerson. 
 “License Period” has the meaning set forth in Section 8.4(a). 

“Liens” means any mortgages, claims, liens, security interests, pledges, escrows, charges, options or other restrictions
or encumbrances of any kind or character whatsoever. 
 “MCTP” has the meaning set forth in the introductory
paragraph. 
 “Mueller Industries” has the meaning set forth in the introductory paragraph. 

“Mueller Plastics” has the meaning set forth in the introductory paragraph. 

“Order” means any award, decision, injunction, judgment, order, ruling, subpoena or verdict entered, issued, made or
rendered by any court, administrative agency, other Governmental Authority or arbitrator. 

  
 2 

 “Permitted Liens” means statutory liens for current Taxes or other
governmental charges not yet due and payable or the amount or validity of which is being contested in good faith by appropriate proceedings by Mueller Industries or the Sellers. 

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

“Proceeding” means any action, arbitration, audit, hearing, investigation, litigation or suit (whether civil, criminal,
administrative, investigative or informal) commenced, brought, conducted, or heard by or before, or otherwise involving, any Governmental Authority or arbitrator. 
 “Products” has the meaning set forth in Section 6.12. 

“Purchase Price” has the meaning set forth in Section 3.1 

“Purchased Assets” means the Schedule I Assets and the Schedule II Assets. 

“Representatives” has the meaning set forth in Section 8.1. 

“Schedule I Assets” has the meaning set forth in Section 1.1. 

“Schedule I Business” means the business of manufacturing certain products identified on Schedule I hereto engaged in by
MCTP. 
 “Schedule I Equipment” has the meaning set forth in Schedule I. 

“Schedule I Excluded Assets” has the meaning set forth in Section 1.2. 

“Schedule I Excluded Liabilities” has the meaning set forth in Section 1.3. 

“Schedule I Facility” means the facility located at the address indicated on Schedule I. 

“Schedule I Finished Product” means finished product manufactured using the Schedule I Equipment of the same type
manufactured by the Seller prior to the Initial Closing using the Schedule I Equipment. 
 “Schedule II Assets”
means the Schedule II Closing Assets and the Schedule II Deferred Assets. 
 “Schedule II Business” means the
business of manufacturing certain products identified on Schedule II hereto engaged in by Mueller Plastics. 
 “Schedule
II Business Agreement” has the meaning set forth in Section 4.2(e). 
 “Schedule II Closing
Assets” has the meaning set forth in Section 2.1(a). 
 “Schedule II Deferred Assets” has
the meaning set forth in Section 2.1(b). 

  
 3 

 “Schedule II Equipment” has the meaning set forth in Schedule II.

 “Schedule II Excluded Assets” has the meaning set forth in Section 2.2. 

“Schedule II Excluded Liabilities” has the meaning set forth in Section 2.3. 

“Schedule II Facility” means the facility located at the address indicated on Schedule II. 

“Schedule II Finished Product” means finished product manufactured using the Schedule II Equipment of the same type
manufactured by the Seller prior to the Initial Closing using the Schedule II Equipment. 
 “Schedule II
Inventory” has the meaning set forth in Schedule II. 
 “Seller Parties” has the meaning in the
introductory paragraph of Article VI. 
 “Sellers” has the meaning set forth in the introductory
paragraph. 
 “Supply Agreement” has the meaning set forth in Section 4.2(d). 

“Survival Date” has the meaning set forth in Section 9.4(d). 

“Taxes” means (i) all taxes, charges, fees, levies or other assessments (whether federal, state, local or foreign),
including income, gross receipts, excise, property, sales, use, transfer, license, payroll, franchise, ad valorem, withholding, Social Security and unemployment taxes and (ii) any interest, penalties and additions related to the foregoing.

 “Transactions” means the transactions contemplated by this Agreement and the other documents entered in
connection herewith, including without limitation the Supply Agreement, the Equipment Lease Agreement and the Noncompetition Agreement. 

  
 4

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