Document:

exv10w1

 

Exhibit 10.1

ASSIGNMENT, CONVEYANCE, QUITCLAIM DEED AND BILL OF SALE

	 	 	 	 	 
	STATE OF WYOMING

	 	)(	 	 
	 

	 	)(
	 	KNOW ALL MEN BY THESE PRESENTS:
	COUNTIES OF CARBON

	 	)(	 	 
	and SWEETWATER

	 	)(	 	 

     THAT the undersigned, Williams Field Services Company, LLC (“Assignor”), for and in
consideration of ten dollars ($10.00) and other good and valuable consideration, the receipt of
which is hereby acknowledged, hereby grants, sells, assigns, conveys and quitclaims to Wamsutter
LLC (“Assignee”) the following (hereinafter collectively referred to as the “Wamsutter Assets”),
which shall specifically exclude any items described on the attached SCHEDULE 2 (“Excluded
Assets”):

	a.	 	the natural gas pipeline system, located in Carbon and Sweetwater Counties, Wyoming, known as
the Wamsutter Gas Gathering and Treating System and the Westrans System, which is depicted on
the map attached hereto as SCHEDULE 1(a) (the “Pipeline System”);
	 
	b.	 	the natural gas processing plant, located in Sweetwater County, Wyoming, known as the Echo
Springs Processing Plant (the “Plant”);
	 
	c.	 	the compression facilities, carbon dioxide treating facilities, dehydration facilities and
all other equipment including, but not limited to, the cathodic protection equipment, radios,
remote terminal units, communication towers, flow computers, laptop computers, valves, taps,
scrubbers, tanks, traps, interconnections and flow meters and other personal property, whether
owned or leased, that is used or held for use in connection with the Pipeline System and/or
the Plant, (collectively, the “Equipment”);
	 
	d.	 	all real property interests currently owned and used or held for use
by Assignor in connection with the Pipeline System and/or the Plant,
including, but not limited to, those fee interests, surface leases,
easements, rights-of-way, surface use agreements and other similar
agreements listed on the attached SCHEDULE 1(d) (collectively, the
“Real Property”);
	 
	e.	 	the vehicles and heavy motorized equipment, snowmobiles, trailers and
like equipment owned and used or held for use by Assignor in
connection with the Pipeline System and/or the Plant (collectively,
the “Vehicles”) including, but not limited to the Vehicles described
on the attached SCHEDULE 1(e);
	 
	f.	 	the agreements related to the physical and commercial operation of the
Pipeline System and/or the Plant, which comprise the gas gathering,
processing, treating, and compression agreements, third party
contractor or supplier agreements, and connection agreements of a
material nature, together with all amendments, modifications,
revocations and notices relating thereto and ratifications thereof,
including without limitation those listed on SCHEDULE 1(f); provided
however those agreements identified on SCHEDULE 1(f) for

 

 

	 	 	partial assignment are assigned only to the extent such agreements relate to the Pipeline
System and/or the Plant, (collectively, the “Contracts”);

	g.	 	any and all other facilities, equipment, tools, office furniture and
equipment, operating supplies, gasoline or diesel fuel, chemicals and
other tangible assets (which shall be reflected in the “plant,
property and equipment” and “work in progress” line items on
Assignor’s balance sheet) currently located at or attached or
appurtenant to the Pipeline System and/or the Plant, whether in use or
non-use (collectively, the “Inventory”);
	 
	h.	 	all books, files, maps, records and reports (including electronic data
files that would not violate any license or law) pertaining primarily
to the Pipeline System and/or the Plant, including, but not limited
to, all pipeline and plant construction and testing records, vessel
and pipe certifications and weld x-rays, equipment specifications and
manufacturer operating manuals and inspection reports, operating
reports, leak history reports, process safety management records, and
reports and filings to and with the U.S. Department of Transportation,
the U.S. Environmental Protection Agency and agencies of the State of
Wyoming, (collectively, the “Records”);
	 
	i.	 	all permits, licenses, orders, approvals, certificates of occupancy
and other authorizations of any federal, state, tribal or local
governmental or regulatory body pertaining or relating to the use or
operation of the Pipeline System and/or the Plant, to the extent
legally assignable or transferable, including, but not limited to,
those listed on the attached SCHEDULE 1(i) (collectively, the
“Permits”); and
	 
	j.	 	to the extent that Assignor owns natural gas or linepack in the Pipeline System as of the
Effective Date, such linepack, and to the extent that condensate and natural gas liquids
tankfill are owned by Assignor as of the Effective Date, such condensate and natural gas
liquids tankfill.

     TO HAVE AND TO HOLD the Wamsutter Assets, together with all and singular the rights and
appurtenances thereto in anywise belonging, unto Assignee, its successors and assigns, forever so
that neither Assignor nor its successors, assigns or legal representatives shall at any time
hereafter have, claim or demand any right or title to the aforesaid Wamsutter Assets, rights and
appurtenances.

     THE WAMSUTTER ASSETS ARE CONVEYED TO BUYER “AS IS, WHERE IS,” AND WITH ALL FAULTS. SELLER
HEREBY EXPRESSLY DISCLAIMS AND NEGATES TO BUYER AND ALL THIRD PERSONS ALL WARRANTIES, EXPRESS OR
IMPLIED, INCLUDING WITHOUT LIMITATION ANY IMPLIED OR EXPRESS WARRANTY OF MERCHANTABILITY, FITNESS
FOR A PARTICULAR PURPOSE, DESIGN, PERFORMANCE, CONDITION, CERTIFICATE, MAINTENANCE, OR
SPECIFICATION.

     Further Assurances. From time to time after the date hereof, and without any further
consideration, the Assignor and Assignee agree to execute, acknowledge and deliver all such

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further agreements, additional deeds, assignments, bills of sale, conveyances, instruments,
notices, releases, acquittances, certificates and other documents, and will do all such other acts
and things, all in accordance with applicable law, as may be necessary or appropriate (a) more
fully to assure that the Assignee owns all of the properties, rights, titles, interests, estates,
remedies, powers and privileges granted by this agreement, or which are intended to be so granted,
(b) more fully and effectively to vest in the Assignee and its respective successors and assigns
beneficial and record title to the interests contributed and assigned by this Agreement or intended
so to be and (c) more fully and effectively to carry out the purposes and intent of this Agreement.

     Consents; Restriction on Assignment. If there are prohibitions against or conditions
to the conveyance of one or more of the Wamsutter Assets without the prior written consent of third
parties, including, without limitation, governmental agencies (other than consents of a ministerial
nature which are normally granted in the ordinary course of business), which if not satisfied would
result in a breach of such prohibitions or conditions or would give an outside party the right to
terminate rights of the party to whom the applicable Wamsutter Assets were intended to be conveyed
(the “Beneficial Owner”) with respect to such portion of the Wamsutter Assets (herein
called a “Restriction”), then any provision contained in this Agreement to the contrary
notwithstanding, the transfer of title to or interest in each such portion of the Wamsutter Assets
(herein called the “Restriction Asset”) pursuant to this Agreement shall not become
effective unless and until such Restriction is satisfied, waived or no longer applies. When and if
such a Restriction is so satisfied, waived or no longer applies, to the extent permitted by
applicable law and any applicable contractual provisions, the assignment of the Restriction Asset
subject thereto shall become effective automatically as of the date hereof, without further action
on the part of any party. Each of the applicable parties that were involved with the conveyance of
a Restriction Asset agree to use their reasonable efforts to obtain on a timely basis satisfaction
of any Restriction applicable to any Restriction Asset conveyed by or acquired by any of them. The
description of any portion of the Wamsutter Assets as a “Restriction Asset” shall not be construed
as an admission that any Restriction exists with respect to the transfer of such portion of the
Wamsutter Assets. In the event that any Restriction Asset exists, the applicable party agrees to
continue to hold such Restriction Asset in trust for the exclusive benefit of the applicable party
to whom such Restriction Asset was intended to be conveyed and to otherwise use its reasonable
efforts to provide such other party with the benefits thereof, and the party holding such
Restriction Asset will enter into other agreements, or take such other action as it may deem
necessary, in order to ensure that the applicable party to whom such Restriction Asset was intended
to be conveyed has the assets and concomitant rights necessary to enable the applicable party to
operate such Restriction Asset in all material respects as it was operated prior to the date
hereof.

     Power of Attorney. The Assignor hereby constitutes and appoints Assignee, its
successors and assigns, the Assignor’s true and lawful attorney and attorneys, with full power of
substitution, in the Assignor’s name and stead, by, on behalf of and for the benefit of Assignee,
its successors and assigns, to demand and receive the Wamsutter Assets transferred hereunder and to
give receipts and release for and in respect of the same, and any part thereof, and from time to
time to institute and prosecute in the Assignor’s name, or otherwise, for the benefit of Assignee,
its successors and assigns, any and all proceedings at law, in equity or otherwise,

Page 3

 

which Assignee, its successors or assigns, may deem proper for the collection or reduction to
possession of the Wamsutter Assets transferred hereunder or for the collection and enforcement of
any claim or right of any kind hereby sold, conveyed, assigned, transferred, and delivered, or
intended so to be, and to do all acts and the things in relation to the Wamsutter Assets
transferred hereunder which Assignee, its successors or assigns, shall deem desirable, the Assignor
hereby declaring that the foregoing powers are coupled with an interest and are and shall be
irrevocable by the Assignor in any manner or for any reason whatsoever.

     Except as set forth in that Purchase and Sale Agreement dated as of November 30, 2007 by and
among Williams Energy Services, LLC, Williams Field Services Group, LLC, the Williams Field
Services Company, LLC, Williams Partners GP LLC, Williams Partners L.P. and Williams Partners
Operating LLC, this conveyance is made, and is accepted by Assignee, without warranty of title,
express, implied or statutory, and without recourse.

Page 4

 

     All the provisions of this Assignment, Conveyance and Bill of Sale shall be binding upon and
inure to the benefit of Assignor, Assignee and their respective successors and assigns.

     EXECUTED
this 11th day of December, 2007
to be effective on December 1, 2007 (the
“Effective Date”).

	 	 	 	 	 	 	 	 	 
	 	 	“ASSIGNOR” – Williams Field Services Company, LLC	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By:	 	/s/ Alan S. Armstrong
	 	 
	 

	 	 	 	Name:
	 	Alan S. Armstrong 

	 	 
	 

	 	 	 	Title:	 	Chairman & Senior Vice President 
	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	“ASSIGNEE” – Wamsutter LLC	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By:	 	/s/ Alan S. Armstrong
	 	 
	 

	 	 	 	Name:	 	Alan S. Armstrong
	 	 
	 

	 	 	 	Title:	 	Senior Vice President & General Manager
	 	 

	 	 	 
	STATE OF OKLAHOMA

	 	)(
	 

	 	)(
	COUNTY OF TULSA

	 	)(

          This instrument was acknowledged before me on the                      day of                                  
       , 2007, by
                                       as                     
                    of Williams Field Services Company, LLC, on behalf of
said limited liability company.

	 	 	 	 	 
	 

	 	 

Notary Public, State of                    
	 	 
	 

	 	My commission expires:                    	 	 

	 	 	 
	STATE OF OKLAHOMA

	 	)(
	 

	 	)(
	COUNTY OF TULSA

	 	)(

          This instrument was acknowledged before me on the                     day of                               
         , 2007, by
                                           as                     
                     of Wamsutter LLC, on behalf of said limited liability
company.

	 	 	 	 	 
	 

	 	 

Notary Public, State of                    
	 	 
	 

	 	My commission expires:                    	 	 

Page 5exv10w2

 

Exhibit 10.2

CONTRIBUTION, CONVEYANCE AND ASSUMPTION AGREEMENT

BY AND AMONG

WILLIAMS ENERGY SERVICES, LLC,

WILLIAMS FIELD SERVICES COMPANY, LLC,

WILLIAMS FIELD SERVICES GROUP, LLC,

WILLIAMS PARTNERS GP LLC,

WILLIAMS PARTNERS L.P.

AND

WILLIAMS PARTNERS OPERATING LLC

DECEMBER 11, 2007

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page	 
	ARTICLE I DEFINITIONS; RECORDATION
	 	 	3	 
	1.1 Definitions
	 	 	3	 
	 
	 	 	 	 
	ARTICLE II CONCURRENT TRANSACTIONS
	 	 	5	 
	2.1 Contribution by WFS Company of the Wamsutter Assets to Wamsutter LLC
	 	 	5	 
	2.2 Distribution by WFS Company of the Subject Interest to WFS Group
	 	 	5	 
	2.3 Distribution by WFS Group of the Subject Interest to WES
	 	 	5	 
	2.4 Contribution by WES of the Subject Interest to the General Partner
	 	 	6	 
	2.5 Contribution by the General Partner of the Subject Interest to the Partnership
	 	 	6	 
	2.6 Distribution of the Cash and Equity Consideration
	 	 	6	 
	2.7 Increase in Capital Account of the General Partner
	 	 	6	 
	2.8 Issuance of General Partner Units
	 	 	6	 
	2.9 Contribution by the Partnership of the Subject Interest to the Operating Company
	 	 	6	 
	 
	 	 	 	 
	ARTICLE III INTENTIONALLY OMITTED
	 	 	7	 
	 
	 	 	 	 
	ARTICLE IV FURTHER ASSURANCES
	 	 	7	 
	4.1 Further Assurances
	 	 	7	 
	4.2 Other Assurances
	 	 	7	 
	 
	 	 	 	 
	ARTICLE V MISCELLANEOUS
	 	 	7	 
	5.1 Costs
	 	 	7	 
	5.2 Headings; References; Interpretation
	 	 	7	 
	5.3 Successors and Assigns
	 	 	8	 
	5.4 No Third Party Rights
	 	 	8	 
	5.5 Counterparts
	 	 	8	 
	5.6 Governing Law
	 	 	8	 
	5.7 Assignment of Agreement
	 	 	8	 
	5.8 Amendment or Modification
	 	 	8	 
	5.9 Director and Officer Liability
	 	 	8	 
	5.10 Severability
	 	 	9	 
	5.11 Integration
	 	 	9	 
	5.12 Effect of Amendment
	 	 	9	 

-i- 

 

CONTRIBUTION, CONVEYANCE AND ASSUMPTION AGREEMENT

     THIS CONTRIBUTION, CONVEYANCE AND ASSUMPTION AGREEMENT (this “Agreement”) dated
December 11, 2007, to be effective on December 1, 2007, is made and entered into by and among
Williams Energy Services, LLC, a Delaware limited liability company (“WES”), Williams Field
Services Company, LLC, a Delaware limited liability company (“WFS Company”), Williams Field
Services Group, LLC, a Delaware limited liability company (“WFS Group”), Williams Partners
GP LLC, a Delaware limited liability company (the “General Partner” and, together with WES,
WFS Company and WFS Group, the “Transferor Parties”), Williams Partners L.P., a Delaware
limited partnership (the “Partnership”), and Williams Partners Operating LLC, a Delaware
limited liability company and wholly-owned subsidiary of the Partnership (the “Operating
Company”). The above-named entities are sometimes referred to in this Agreement each as a
“Party” and collectively as the “Parties.” Certain capitalized terms used are
defined in Article I hereof.

RECITALS

     WHEREAS, the Transferor Parties desire to transfer a 100% Class A limited liability company
membership interest and 20 Class C Units (collectively, the “Subject Interest”) in
Wamsutter LLC, a Delaware limited liability company (“Wamsutter LLC”), to the Partnership
pursuant to the terms of the Purchase Agreement (as defined below) and this Agreement, and the
Partnership desires to transfer the Subject Interest to the Operating Company pursuant to this
Agreement and the Operating Company desires to accept all of the Subject Interest in accordance
with the terms of the Purchase Agreement and this Agreement;

     WHEREAS, in order to accomplish the objectives and purposes in the preceding recital, and to
effect the intent of the Parties in connection with the consummation of the transactions
contemplated hereby, the following actions have been taken prior to the date hereof:

	 	1.	 	WFS Company formed Wamsutter LLC pursuant to the Delaware Limited Liability
Company Act (the “Delaware LLC Act”) in exchange for all of its membership
interests (the “Membership Interests”).
	 
	 	2.	 	Wamsutter LLC acquired certain rights-of-way and permits related to the
ownership and operation of the Wamsutter Assets.
	 
	 	3.	 	WES, WFS Group, WFS Company, the General Partner, the Partnership and the
Operating Company entered into that certain Purchase and Sale Agreement (the
“Purchase Agreement”) dated November 30, 2007 pursuant to which the Partnership
will acquire the Subject Interests from the Sellers for aggregate consideration of $750
million (the “Aggregate Consideration”) of which $749 million is for the Class
A limited liability company interest and $1.0 million is for the 20 Class C Units.

     WHEREAS, concurrently with the consummation of the transactions contemplated hereby, each of
the following shall occur:

 

 

	 	1.	 	WFS Company shall contribute the Wamsutter Assets (as defined below) to
Wamsutter LLC in return for 100% of the Class A and 100% of the Class B limited
liability company membership interests and 40 Class C Units of Wamsutter LLC, and the
original Membership Interests shall be cancelled.
	 
	 	2.	 	WFS Company and the Operating Company shall enter into the amended and restated
Wamsutter LLC Agreement.
	 
	 	3.	 	WFS Company shall transfer the Subject Interest to WFS Group.
	 
	 	4.	 	WFS Group shall transfer the Subject Interest to WES.
	 
	 	5.	 	WES shall transfer the Subject Interest to the General Partner as a
contribution to the capital of the General Partner.
	 
	 	6.	 	The public, through the underwriters of the Underwritten Public Offering (as
defined below), shall contribute cash to the Partnership in exchange for 9,250,000
Common Units (the “Public Units”). The cash contribution of the net proceeds
of such Underwritten Public Offering (approximately $335.2 million net of the
underwriters’ discounts and commissions) (the “Equity Proceeds”) shall be
deposited into a bank account maintained solely by the Partnership (the
“Partnership Bank Account”).
	 
	 	7.	 	The Partnership shall borrow $250 million pursuant to the New Credit Facility
(the “Debt Proceeds”), which shall be deposited into the Partnership Bank
Account.
	 
	 	8.	 	The General Partner shall transfer the Subject Interest to the Partnership as a
contribution to the capital of the Partnership.
	 
	 	9.	 	As consideration for the transfer of the Subject Interest by the General
Partner to the Partnership, the Partnership shall (i) distribute $333.3 million
(approximately $346.3 million net of the General Partner’s capital contribution related
to the Underwritten Public Offering and the Private Equity Placement) in cash to the
General Partner (the “Cash Consideration”), (ii) issue 4,163,527 Common Units
(the “Equity Consideration”) to the General Partner (the “Private Equity
Placement”) and (iii) increase the capital account of the General Partner by an
amount equal to 2/98ths of the product of the gross underwritten price per unit times
the aggregate number of Common Units issued in the Underwritten Public Offering and
pursuant to the Private Equity Placement (the “Additional GP Interest”) and
issue a proportionate number of General Partner Units to the General Partner. The Cash
Consideration shall be paid to the General Partner from the Equity Proceeds and the
Debt Proceeds in the Partnership Bank Account.
	 
	 	10.	 	Except as provided in the Purchase Agreement, the Partnership shall pay its
transaction expenses associated with the transactions contemplated by this Agreement
(exclusive of the underwriters’ discounts and commissions), and the

-2-

 

	 	 	 	Transferor Parties shall pay their transaction expenses associated with the
transactions contemplated by this Agreement.
	 
	 	11.	 	The General Partnership shall distribute the Cash Consideration to the General
Partner.
	 
	 	12.	 	The Partnership shall contribute the Subject Interest to the Operating Company
as a contribution to the capital of the Operating Company.
	 
	 	13.	 	If the underwriters’ over-allotment option (the “Shoe”) for up to
1,387,500 Common Units is exercised in the Underwritten Public Offering, the General
Partner shall contribute an amount equal to 2/98ths of the gross Shoe proceeds to the
Partnership as a contribution to the capital of the Partnership.

     NOW THEREFORE, in consideration of their mutual undertakings and agreements set forth herein
and in the Purchase Agreement, the Parties undertake and agree as follows:

ARTICLE I

DEFINITIONS; RECORDATION

     1.1 Definitions. The following capitalized terms have the meanings given below.

     “Additional GP Interest” has the meaning assigned to such term in the recitals.

     “Affiliate” means, with respect to any Person, any other Person that directly or
indirectly through one or more intermediaries controls, is controlled by or is under common control
with, the Person in question. As used herein, the term “control” means the possession, direct or
indirect, of the power to direct or cause the direction of the management and policies of a Person,
whether through ownership of voting securities, by contract or otherwise.

     “Aggregate Consideration” has the meaning assigned to such term in the recitals.

     “Agreement” has the meaning assigned to such term in the first paragraph of this
Agreement.

     “Assignment Agreement” means the Assignment, Conveyance and Bill of Sale, dated
effective December 1, 2007, between WFS Company and Wamsutter LLC.

     “Cash Consideration” has the meaning assigned to such term in the recitals.

     “Common Units” has the meaning assigned to such term in the Partnership Agreement.

     “Debt Proceeds” has the meaning assigned to such term in the recitals.

     “Delaware LLC Act” has the meaning assigned to such term in the recitals.

     “Equity Consideration” has the meaning assigned to such term in the recitals.

     “Equity Proceeds” has the meaning assigned to such term in the recitals.

-3-

 

     “General Partner” has the meaning assigned to such term in the first paragraph of this
Agreement.

     “General Partner Units” has the meaning assigned to such term in the Partnership
Agreement.

     “Laws” means any and all laws, statutes, ordinances, rules or regulations promulgated
by a governmental authority, orders of a governmental authority, judicial decisions, decisions of
arbitrators or determinations of any governmental authority or court.

     “LLC Agreement” means the Amended and Restated Limited Liability Company Agreement of
Wamsutter LLC, dated December 1, 2007.

     “New Credit Facility” means the $450 million Credit Agreement between the Partnership,
Citibank, N.A., as administrative agent, Citigroup Global Markets Inc. and Scotia Capital, as Joint
Lead Arrangers and Joint Book Managers, The Bank of Nova Scotia, as Syndication Agent and the
Lenders listed in Schedule 2.01 attached thereto (the “Lenders”), dated December 11, 2007,
comprised of a $200 million revolving credit facility and a $250 million term loan.

     “Operating Company” has the meaning assigned to such term in the first paragraph of
this Agreement.

     “Partnership” has the meaning assigned to such term in the first paragraph of this
Agreement.

     “Partnership Agreement” means the Amended and Restated Agreement of Limited
Partnership, dated as of August 23, 2005, of the Partnership, as amended from time to time.

     “Partnership Bank Account” has the meaning assigned to such term in the recitals.

     “Party” and “Parties” have the meanings assigned to such terms in the first
paragraph of this Agreement.

     “Private Equity Placement” has the meaning assigned to such term in the recitals.

     “Public Units” has the meaning assigned to such term in the recitals.

     “Purchase Agreement” has the meaning assigned to such term in the recitals.

     “Registration Statement” means the registration statement on Form S-3 (File No.
333-137562) filed by the Partnership relating to the Underwritten Public Offering.

     “Subject Interest” has the meaning assigned to such term in the recitals.

     “Transferor Parties” has the meaning assigned to such term in the first paragraph of
this Agreement.

-4-

 

     “Underwritten Public Offering” means the public offering of 9,250,000 Common Units by
the Partnership to the public pursuant to an underwriting agreement, dated December 5, 2007, among
the Partnership, the General Partner, the Operating Company and the underwriters named therein.

     “Wamsutter LLC” has the meaning assigned to such term in the recitals.

     “Wamsutter Assets” has the meaning assigned to such term in the Assignment Agreement.

     “WES” has the meaning assigned to such term in the first paragraph of this Agreement.

     “WFS Company” has the meaning assigned to such term in the first paragraph of this
Agreement.

     “WFS Group” has the meaning assigned to such term in the first paragraph of this
Agreement.

ARTICLE II

CONCURRENT TRANSACTIONS

     2.1 Contribution by WFS Company of the Wamsutter Assets to Wamsutter LLC. WFS Company hereby
grants, contributes, transfers, assigns and conveys to Wamsutter LLC, its successors and assigns,
for its and their own use forever, the Wamsutter Assets in return for 100% of the Class A and 100%
of the Class B limited liability company membership interests and 40 Class C Units of Wamsutter
LLC, and Wamsutter LLC hereby accepts the contribution of the Wamsutter Assets from WFS Company.

     TO HAVE AND TO HOLD the Wamsutter Assets unto Wamsutter LLC, its successors and assigns,
together with all and singular the rights and appurtenances thereto in anywise belonging.

     2.2 Distribution by WFS Company of the Subject Interest to WFS Group. WFS Company hereby
grants, distributes, transfers, assigns and conveys to WFS Group, its successors and assigns, for
its and their own use forever, the Subject Interest and WFS Group hereby accepts the distribution
of the Subject Interest from WFS Company.

     TO HAVE AND TO HOLD the Subject Interest unto WFS Group, its successors and assigns, together
with all and singular the rights and appurtenances thereto in anywise belonging, subject, however,
to the terms and conditions stated in this Agreement, forever.

     2.3 Distribution by WFS Group of the Subject Interest to WES. WFS Group hereby grants,
distributes, transfers, assigns and conveys to WES, its successors and assigns, for its and their
own use forever, the Subject Interest and WES hereby accepts the distribution of the Subject
Interest from WFS Group.

-5-

 

     TO HAVE AND TO HOLD the Subject Interest unto WES, its successors and assigns, together with
all and singular the rights and appurtenances thereto in anywise belonging, subject, however, to
the terms and conditions stated in this Agreement, forever.

     2.4 Contribution by WES of the Subject Interest to the General Partner. WES hereby grants,
contributes, transfers, assigns and conveys to the General Partner, its successors and assigns, for
its and their own use forever, the Subject Interest and the General Partner hereby accepts the
Subject Interest from WES, as a contribution by WES to the capital of the General Partner.

     TO HAVE AND TO HOLD the Subject Interest unto the General Partner, its successors and assigns,
together with all and singular the rights and appurtenances thereto in anywise belonging, subject,
however, to the terms and conditions stated in this Agreement, forever.

     2.5 Contribution by the General Partner of the Subject Interest to the Partnership. The
General Partner hereby grants, contributes, transfers, assigns and conveys to the Partnership, its
successors and assigns, for its and their own use forever, the Subject Interest, and the
Partnership hereby accepts the Subject Interest from the General Partner, as a contribution by the
General Partner to the capital of the Partnership.

     TO HAVE AND TO HOLD the Subject Interest unto the Partnership, its successors and assigns,
together with all and singular the rights and appurtenances thereto in anywise belonging, subject,
however, to the terms and conditions stated in this Agreement and the Purchase Agreement, forever.

     2.6 Distribution of the Cash and Equity Consideration. The Parties acknowledge that the
Partnership has distributed to the General Partner the Cash Consideration and the Equity
Consideration. The Cash Consideration has been paid from the Equity Proceeds and the Debt
Proceeds. The Cash Consideration is net of the amount of the Additional GP Interest that the
General Partner would otherwise have contributed to the Partnership in order to maintain its
percentage interest in the Partnership in connection with the issuance of additional Common Units
in the Underwritten Public Offering and the Private Equity Placement. The General Partner hereby
acknowledges receipt of the Cash Consideration and the Equity Consideration.

     2.7 Increase in Capital Account of the General Partner. The Parties acknowledge that the
capital account of the General Partner has been increased by an amount equal to the amount of the
Additional GP Interest.

     2.8 Issuance of General Partner Units. The Parties acknowledge that the Partnership has
issued 273,745 General Partner Units (which number of units is equal to 2/98ths of the number of
Common Units issued in the Underwritten Public Offering and the Private Equity Placement) to the
General Partner. The General Partner acknowledges the receipt of such General Partner Units.

     2.9 Contribution by the Partnership of the Subject Interest to the Operating Company. The
Partnership hereby grants, contributes, transfers, assigns and conveys to the Operating Company,
its successors and assigns, for its and their own use forever, the Subject

-6-

 

Interest, and the Operating Company hereby accepts the Subject Interest from the Partnership
as a contribution by the Partnership to the capital of the Operating Company.

     TO HAVE AND TO HOLD the Subject Interest unto the Operating Company, its successors and
assigns, together with all and singular the rights and appurtenances thereto in anywise belonging,
subject, however, to the terms and conditions stated in this Agreement, forever.

ARTICLE III

INTENTIONALLY OMITTED

ARTICLE IV

FURTHER ASSURANCES

     4.1 Further Assurances. From time to time after the date hereof, and without any further
consideration, the Parties agree to execute, acknowledge and deliver all such additional deeds,
assignments, bills of sale, conveyances, instruments, notices, releases, acquittances and other
documents, and will do all such other acts and things, all in accordance with applicable law, as
may be necessary or appropriate (a) more fully to assure that the applicable Parties own all of the
properties, rights, titles, interests, estates, remedies, powers and privileges granted by this
Agreement, or which are intended to be so granted, (b) more fully and effectively to vest in the
applicable Parties and their respective successors and assigns beneficial and record title to the
interests contributed and assigned by this Agreement or intended so to be and (c) to more fully and
effectively carry out the purposes and intent of this Agreement.

     4.2 Other Assurances. From time to time after the date hereof, and without any further
consideration, each of the Parties shall execute, acknowledge and deliver all such additional
instruments, notices and other documents, and will do all such other acts and things, all in
accordance with applicable law, as may be necessary or appropriate to more fully and effectively
carry out the purposes and intent of this Agreement. It is the express intent of the Parties that
the Operating Company or its subsidiaries own the Subject Interest that is identified in this
Agreement and in the Registration Statement.

ARTICLE V

MISCELLANEOUS

     5.1 Costs. The Operating Company shall pay all sales, use and similar taxes arising out of
the contributions, conveyances and deliveries to be made hereunder, and shall pay all documentary,
filing, recording, transfer, deed and conveyance taxes and fees required in connection therewith.

     5.2 Headings; References; Interpretation. All Article and Section headings in this Agreement
are for convenience only and shall not be deemed to control or affect the meaning or construction
of any of the provisions hereof. The words “hereof,” “herein” and “hereunder” and words of similar
import, when used in this Agreement, shall refer to this Agreement as a whole and not to any
particular provision of this Agreement. All references herein to Articles and Sections shall,
unless the context requires a different construction, be deemed to be references to the Articles
and Sections of this Agreement, respectively. All personal pronouns used in this

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Agreement, whether used in the masculine, feminine or neuter gender, shall include all other
genders, and the singular shall include the plural and vice versa. The use herein of the word
“including” following any general statement, term or matter shall not be construed to limit such
statement, term or matter to the specific items or matters set forth immediately following such
word or to similar items or matters, whether or not non-limiting language (such as “without
limitation,” “but not limited to,” or words of similar import) is used with reference thereto, but
rather shall be deemed to refer to all other items or matters that could reasonably fall within the
broadest possible scope of such general statement, term or matter.

     5.3 Successors and Assigns. The Agreement shall be binding upon and inure to the benefit of
the parties signatory hereto and their respective successors and assigns.

     5.4 No Third Party Rights. The provisions of this Agreement are intended to bind the parties
signatory hereto as to each other and are not intended to and do not create rights in any other
person or confer upon any other person any benefits, rights or remedies and no person is or is
intended to be a third party beneficiary of any of the provisions of this Agreement.

     5.5 Counterparts. This Agreement may be executed in any number of counterparts, all of which
together shall constitute one agreement binding on the parties hereto.

     5.6 Governing Law. This Agreement shall be governed by, and construed in accordance with, the
Laws of the State of New York applicable to contracts made and to be performed wholly within such
state without giving effect to conflict of law principles thereof, except to the extent that it is
mandatory that the Law of some other jurisdiction, wherein the interests are located, shall apply.

     5.7 Assignment of Agreement. Neither this Agreement nor any of the rights, interests, or
obligations hereunder may be assigned by any Party without the prior written consent of each of the
Parties. Except as provided herein, nothing in this Agreement is intended to or shall confer upon
any person other than the Parties, and their respective successors and permitted assigns, any
rights, benefits, or remedies of any nature whatsoever under or by reason of this Agreement.
Notwithstanding anything in this Agreement to the contrary, the General Partner shall have the
right, by written notice to the Parties hereto, to assign its rights to receive the Cash
Consideration and the General Partner Units hereunder to any of its Affiliates.

     5.8 Amendment or Modification. This Agreement may be amended or modified from time to time
only by the written agreement of all the Parties hereto and affected thereby.

     5.9 Director and Officer Liability. Except to the extent that they are a party hereto, the
directors, managers, officers, partners, members and securityholders of the Parties and their
respective Affiliates shall not have any personal liability or obligation arising under this
Agreement (including any claims that another party may assert).

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     5.10 Severability. If any term or other provision of this Agreement is invalid, illegal, or
incapable of being enforced under applicable Law or public policy, all other conditions and
provisions of this Agreement shall nevertheless remain in full force and effect so long as the
economic or legal substance of the transactions contemplated herein are not affected in any manner
adverse to any Party. Upon such determination that any term or other provision of this Agreement
is invalid, illegal, or incapable of being enforced, the Parties shall negotiate in good faith to
modify this Agreement so as to effect the original intent of the Parties as closely as possible in
a mutually acceptable manner in order that the transactions contemplated herein are consummated as
originally contemplated to the fullest extent possible.

     5.11 Integration. This Agreement and the instruments referenced herein supersede any and all
previous understandings or agreements among the Parties, whether oral or written, with respect to
their subject matter. This Agreement and such instruments contain the entire understanding of the
Parties with respect to the subject matter hereof and thereof. No understanding, representation,
promise or agreement, whether oral or written, is intended to be or shall be included in or form
part of this Agreement or any such instrument unless it is contained in a written amendment hereto
or thereto and executed by the Parties hereto or thereto after the date of this Agreement or such
instrument.

     5.12 Effect of Amendment. The Parties ratify and confirm that except as otherwise expressly
provided herein, in the event this Agreement conflicts in any way with any instrument of conveyance
covering the Subject Interest (other than the Purchase and Sale Agreement), the terms and
provisions of this Agreement shall control.

[The Remainder of this Page is Intentionally Blank]

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     IN WITNESS WHEREOF, this Agreement has been duly executed by the parties hereto on the date
first above written.

	 	 	 	 	 
	 	WILLIAMS ENERGY SERVICES, LLC

 	 
	 	By:  	/s/ Alan S. Armstrong	 
	 	 	Alan S. Armstrong 	 
	 	 	Senior Vice President 	 
	 
	 	WILLIAMS FIELD SERVICES COMPANY, LLC

 	 
	 	By:  	/s/ Alan S. Armstrong	 
	 	 	Alan S. Armstrong 	 
	 	 	Chairman and Senior Vice President 	 
	 
	 	WILLIAMS FIELD SERVICES GROUP, LLC

 	 
	 	By:  	/s/ Alan S. Armstrong	 
	 	 	Alan S. Armstrong 	 
	 	 	Chairman and Senior Vice President 	 
	 
	 	WILLIAMS PARTNERS GP LLC

 	 
	 	By:  	/s/ Donald R. Chappel	 
	 	 	Donald R. Chappel 	 
	 	 	Chief Financial Officer 	 
	 
	 	WILLIAMS PARTNERS L.P.

 	 
	 	By:  	WILLIAMS PARTNERS GP LLC, its General Partner
 	 
	 	 	 	 
	 	By:  	/s/ Donald R. Chappel	 
	 	 	Donald R. Chappel 	 
	 	 	Chief Financial Officer 	 
	 

Signature Page to Contribution, Conveyance and Assumption Agreement

 

 

	 	 	 	 	 
	 	WILLIAMS PARTNERS OPERATING LLC

 	 
	 	By:  	WILLIAMS PARTNERS L.P., its managing member
 	 
	 	 	 	 
	 	By:  	  WILLIAMS PARTNERS GP LLC, its General Partner
 	 
	 	 	 	 
	 	By:  	/s/  Donald R. Chappel 	 
	 	 	Donald R. Chappel 	 
	 	 	Chief Financial Officer 	 
	 

Signature Page to Contribution, Conveyance and Assumption Agreement

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