Document:

Exhibit 10.2

 

Severance Agreement

 

THIS SEVERANCE AGREEMENT (the “Severance
Agreement”) is entered into as of January 29, 2020 (the “Effective Date”) between Ribbon Communications
Inc. (“Ribbon”), Ribbon Communications Operating Company, a wholly owned subsidiary of Ribbon Communications
Inc., (“RCOC” and together with Ribbon, the “Company”) and Anthony Scarfo (“Executive”
or “you”).

 

		1.	Definitions. The following capitalized terms used herein shall have the following meanings:

 

(a)               
“Annual Bonus” means the annual variable cash compensation you are eligible to receive as determined
from time to time by the Company, whether acting through Ribbon’s Board of Directors (the “Board”), a
committee thereof or otherwise, based on the achievement of certain Ribbon Entity and/or individual performance objectives.

 

(b)              
“Base Pay” means your annual base compensation, as determined from time to time by the Company, whether
acting through the Board, a committee thereof or otherwise, regardless of whether all or any portion thereof may be deferred under
any deferred compensation plan or program of the Company.

 

(c)               
“Cause” means termination of your employment by the Company upon the occurrence of any of the following:
(i) your commission of bribery in violation of the Code of Conduct (or similar policy) of the Company or other Ribbon Entity employing
you at the relevant time and/or local law and regulation including, without limitation, the UK Bribery Act, (ii) your engaging
in acts in the course of your employment with any Ribbon Entity that constitute theft, fraud or embezzlement, (iii) your intentional
or negligent misconduct which materially and adversely affects any Ribbon Entity and which is not cured (to the extent curable)
within thirty (30) days following your receipt of written notice of such misconduct, (iv) your unauthorized disclosure of proprietary
information of a confidential nature relating to any Ribbon Entity, which unauthorized disclosure has a material and adverse effect
on any Ribbon Entity, (v) your material violation of any Ribbon Entity policy, agreement or procedure which is not cured (to the
extent curable) within thirty (30) days following receipt of written notice of such violation, (vi) your excessive absenteeism,
(vii) your material neglect of duty, (viii) your failure to devote substantially all of your working time to the business of the
Ribbon Entities or to otherwise perform the duties of your position to the satisfaction of the Board (or your direct supervisor)
which is not cured (to the extent curable) within thirty (30) days following receipt of written notice of such failure, (ix) your
insubordination or failure to perform and carry out any directive of the Board (or your direct supervisor), (x) your abuse of alcohol,
or unlawful use (including being under the influence) or possession of illegal drugs, at the premises of any Ribbon Entity or otherwise
while performing (or holding yourself out as performing) services for or on behalf of any Ribbon Entity, (xi) your commission of
any act that has resulted in (or could reasonably be expected to result in) conviction of a felony or crime involving moral turpitude
or pleading “no contest” to a felony charge or other criminal charge involving moral turpitude, (xii) your failure
to cooperate with any of the Ribbon Entities and/or their professional advisors in any investigation (whether internal or external)
or any formal legal or investigative proceeding, or (xiii) your engagement in any conduct, including any violation of applicable
law, that may reasonably result in material and adverse injury to the business or reputation of any Ribbon Entity. The determination
of whether a termination of your employment is for Cause shall be made by the Board (or its designee) in its sole discretion.

 

(d)               
“Change in Control” shall have the meaning set forth in the Incentive Award Plan. Notwithstanding the
foregoing, if a Change in Control constitutes a payment or benefit event with respect to any payment or benefit hereunder that
provides for the deferral of compensation that is subject to Section 409A, to the extent required to avoid the imposition of additional
taxes under Section 409A, such transaction or event will not be deemed a Change in Control unless the transaction qualifies as
a “change in control event” within the meaning of Section 409A.

 

     

     

    

 

(e)               
“Change in Control Protection Period” means the period beginning on the date of the consummation of the
Change in Control and ending on the first anniversary of such Change in Control.

 

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

 

(g)               
“Date of Termination” means the date of termination of your employment for any reason.

 

(h)               
“Disability” means an illness (mental or physical) or incapacity, which results in you being unable to
perform your duties as an employee of the Company for a period of one hundred eighty (180) days, whether or not consecutive, in
any twelve (12) month period.

 

(i)                
“Equity Awards” means all stock options, restricted stock units, performance stock units and such other
equity-based awards granted pursuant to the Incentive Award Plan. For the avoidance of doubt, “Equity Awards” shall
not include any cash or cash-based awards granted pursuant to the Incentive Award Plan.

 

(j)                
“Good Reason” means:

 

		i.	At any time other than the Change in Control Protection Period, the occurrence of one or more of
the following conditions without your prior written consent: (A) a material reduction in your then-effective Base Pay (excluding
any such reduction in connection with across-the-board Base Pay reductions for all or substantially all similarly situated employees),
or (B) the relocation of your primary place of employment to a location more than 30 miles from your then-present work location;
or

 

		ii.	during the Change in Control Protection Period, the occurrence of one or more of the following
conditions without your prior written consent: (A) a material reduction in your then-effective Base Pay or target Annual Bonus,
(B) the relocation of your primary place of employment to a location more than 30 miles from your then-present work location, (C)
a material diminution in your authority, duties or responsibilities for the Ribbon Entities, or (D) any material breach of any
written agreement by and between any Ribbon Entity and you;

 

provided that, in each case
of subsections (i) and (ii), you shall not have Good Reason unless and until (x) you give the Company written notice describing
the occurrence of Good Reason within 30 days after such occurrence first occurs, (y) such occurrence is not corrected by the Company
within 30 days after the Company’s receipt of such notice, and (z) you terminate employment no later than 30 days after the
expiration of such 30-day correction period.

 

(k)               
“Incentive Award Plan” means Ribbon Communications Inc. 2019 Incentive Award Plan (or any successor equity
incentive plan of Ribbon).

 

(l)                
“Ribbon Entities” means Ribbon Communications Inc. and its direct and indirect subsidiaries.

 

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		2.	Term of Agreement. The term of this Agreement will commence as of the Effective Date and
shall continue in effect until the earlier of (a) the third anniversary of the Effective Date; and (b) the date on which all payments
or benefits required to be made or provided hereunder have been made or provided in their entirety (the “Initial Term”).
Notwithstanding the foregoing, (i) on the third anniversary of the Effective Date and on each subsequent anniversary thereafter,
this Agreement shall automatically renew and extend for a period of twelve (12) additional months (each such twelve (12)-month
period, collectively with the Initial Term, the “Term”) unless written notice of non-renewal is delivered from
either party to the other not less than six (6) months prior to the applicable date on which extension of the then-existing Term
would occur, and (ii) in no event will the Term end prior to the first anniversary of the date of consummation a Change in Control.

 

		3.	Termination and Eligibility for Severance.

 

(a)               
Accrued Benefits. Upon any termination of your employment, you will be paid (i) any and all earned and unpaid portion
of your Base Pay through the Date of Termination; (ii) any accrued but unused vacation pay owed to you in accordance with Company
practices up to and including the Date of Termination; and (iii) any allowable and unreimbursed business expenses incurred through
the Date of Termination that are supported by appropriate documentation in accordance with the Company's applicable expense reimbursement
policies. Hereafter, items (i) through (iii) in this Section 3 are referred to as “Accrued Benefits.'' If termination
of your employment is for any reason other than (A) by the Company without Cause (other than due to death or Disability) or (B)
by you for Good Reason, you will be entitled to receive only the Accrued Benefits.

 

(b)              
Severance Payment. Subject to Sections 3(c), 5 and 6 of the Agreement:

 

(i)                
If the Company terminates your employment without Cause (other than as a result of your death or Disability) or if you terminate
your employment with Good Reason, in each case, outside of the Change in Control Protection Period, then, in addition to the Accrued
Benefits, the Company will provide you the following severance and related post-termination benefits:

 

(1)               
The Company shall, during the period beginning on the Date of Termination and ending on the twelve (12)-month anniversary
of the Date of Termination, pay to you an amount equal to (A) twelve (12) months of your Base Pay as in effect immediately prior
to the Date of Termination (or, in the case of termination by you with Good Reason due to material reduction in Base Pay, your
Base Pay in effect immediately prior to such reduction) (the “Non-CIC Severance Payment”), and (B) if termination
of your employment occurs more than six months following the commencement of the fiscal year in which the Date of Termination occurs,
an amount equal to the Annual Bonus you would have received, if any, had you remained employed through the end of such fiscal year,
prorated based on the number of days you worked during such fiscal year and calculated based on actual achievement of the Ribbon
Entity performance targets relating to such Annual Bonus (and assuming any individual, personal performance targets are achieved
at target) (the “Pro Rata Bonus”);

 

(2)            
The Company shall pay you an amount equal to the aggregate sum of the Company's share of
medical, dental and vision insurance premiums for you and your dependents for the period commencing on the Date of Termination
and ending on the first anniversary thereof (as if you had remained employed and based on coverage as of immediately prior to termination).
For the avoidance of doubt, if immediately prior to the termination of your employment you were required to contribute towards
the cost of premiums as a condition of receiving such insurance, the payment hereunder will not cover any such contributions. The
cash payment provided for in this Section 3(b)(i)(2) or Section 3(b)(ii)(2), as applicable, is referred to herein as the “Continued
Benefit Payment”; 

 

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(3)            
Unless otherwise explicitly set forth in the award agreement for the applicable Equity Award, each outstanding unvested
Equity Award held by you immediately prior to the Date of Termination that is subject to vesting based solely upon your continuous
service with the Company (collectively, “Time-Based Equity Awards”) that would have vested during the twelve
(12)-month period following the Date of Termination had you remained employed shall remain outstanding and on the Severance Commencement
Date, (I) to the extent you have timely executed and not revoked the Release Agreement,
such Time-Based Equity Awards shall automatically vest and become exercisable (as applicable) or (II) to the extent you have not
timely executed or have revoked the Release Agreement, such Time-Based Equity Awards will be forfeited for no consideration; and

 

(4)            
Unless otherwise explicitly set forth in the award agreement for the applicable Equity Award, each outstanding unvested
Equity Award held by you immediately prior to the Date of Termination that is subject to vesting in whole or in part based on achievement
of performance objective(s) (collectively, “Performance-Based Equity Awards”) and is eligible to vest based
on achievement of such performance objective(s) for performance periods ending prior to the Date of Termination or in which the
Date of Termination occurs shall remain outstanding and on the Severance Commencement Date, (I) to the extent you have timely executed
and not revoked the Release Agreement, (x) the portion of such unvested Performance-Based Equity
Award that is eligible to vest based on achievement of performance objective(s) for performance periods ending prior to the Date
of Termination shall remain eligible to vest and be settled (as applicable) in accordance with its terms based on actual performance,
without regard for any requirement of continued employment, and (y) a prorated amount of the portion of such unvested Performance-Based
Equity Award that is eligible to vest based on achievement of performance objective(s) for the applicable performance periods in
which the Date of Termination occurs shall remain eligible to vest through the end of the fiscal year in which the Date of Termination
occurs and be settled (as applicable) in accordance with its terms as if the last day of such fiscal year was the last day of the
applicable performance period(s), based on performance targets established by the Company and actual performance through the end
of such fiscal year, without regard for any requirement of continued employment, or (II) to the extent you have not timely executed
or have revoked the Release Agreement, such Performance-Based Equity Awards will be forfeited for no consideration. The Company
shall prorate the portion of each unvested Performance-Based Equity Award described in subsection (y) above based on the number
of days of your employment during the performance period as compared to the total number of days in such performance period, with
such prorated portion of such Performance-Based Equity Awards eligible to vest and become exercisable at the end of the fiscal
year in which the Date of Termination occurs, based on the actual level of achievement of such performance objective(s) as of end
of the applicable fiscal year (with the applicable performance objective(s) prorated for any shortened performance period). Any
such determination by the Company shall be final and binding on all persons (including, without limitation, you). Notwithstanding
anything to the contrary herein, settlement upon vesting (if any) of such Performance-Based Equity Awards described in subsection
(ii) shall occur no later than March 15 of the calendar year immediately following the calendar year of the Date of Termination
(or otherwise in compliance with Section 409A as required by their terms). For the avoidance of doubt, any Performance-Based Equity
Award with respect to which performance vesting conditions have been determined to be fully satisfied prior to or as of the Date
of Termination (or, which, in connection with a Change in Control or otherwise, was converted into an Equity Award solely subject
to time-based vesting) shall be deemed to be a Time-Based Equity Award for purposes of this Severance Agreement.

 

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(5)            
Subject to the provisions of Sections 3(c) and 6, (I) the Non-CIC Severance Payment shall be paid in equal installments
during the twelve (12)-month period following the Date of Termination in accordance with the Company’s normal payroll practices
beginning on the first payroll date following the 60th day following the Date of Termination (such payroll date, the “Severance
Commencement Date”), and with the first installment including any amounts that would have been paid had the Release Agreement
been effective and irrevocable on the Date of Termination, (II) the Pro Rata Bonus, if any, shall be paid at the same time as annual
bonus payments are made to similarly situated employees of the Company for the applicable year, but in no event shall be paid earlier
than January 1 or later than December 31 of the calendar year following the year of termination, and (III) the Continued Benefit
Payment shall be paid in lump sum on the Severance Commencement Date, in each case, less applicable federal, state and other applicable
withholdings.

 

(ii)              
If the Company terminates your employment without Cause (other than as a result of your death or Disability) or if you terminate
your employment with Good Reason, in each case, during the Change in Control Protection Period, then, in addition to the Accrued
Benefits, the Company will provide you the following severance and related post-termination benefits:

 

(1)               
The Company shall pay to you a cash lump sum payment in an amount equal to (A) the sum of twelve (12) months of your Base
Pay as in effect immediately prior to the Date of Termination and your target Annual Bonus for the calendar year in which the Date
of Termination occurs (or in the case of termination by you with Good Reason due to material reduction in Base Pay and/or target
Annual Bonus, your Base Pay and/or target Annual Bonus in effect immediately prior to such reduction, as applicable) (the “CIC
Severance Payment”), and (B) if termination of your employment occurs more than six months following the commencement
of the fiscal year in which the Date of Termination occurs, the Pro Rata Bonus;

 

(2)            
The Company shall pay you an amount equal to the aggregate sum of the Company's share of medical, dental and vision insurance
premiums for you and your dependents for the period commencing on the Date of Termination and ending on the first anniversary thereof
(as if you had remained employed and based on coverage as of immediately prior to termination). For the avoidance of doubt, if
immediately prior to the termination of your employment you were required to contribute towards the cost of premiums as a condition
of receiving such insurance, the payment hereunder will not cover any such contributions; and

 

(3)               
Unless otherwise explicitly set forth in the award agreement for the applicable Equity Award, any unvested Equity Awards
outstanding immediately prior to the Date of Termination shall automatically become fully vested and exercisable (as applicable)
as of the Date of Termination; provided that any Performance-Based Equity Award shall vest assuming a target level of achievement
for each applicable performance objective(s).

 

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(4)            
Subject to the provisions of Sections 3(c) and 6, (I) the CIC Severance Payment shall be made in a lump sum on the Severance
Commencement Date, (II) the Pro Rata Bonus, if any, shall be paid at the same time as annual bonus payments are made to similarly
situated employees of the Company for the applicable year, but in no event shall be paid earlier than January 1 or later than December
31 of the calendar year following the year of termination, and (III) the Continued Benefit Payment shall be paid in lump sum on
the Severance Commencement Date, in each case, less applicable federal, state and other applicable withholdings.

 

(c)               
Release. Any amounts payable pursuant to Section 3(b)(i) or Section 3(b)(ii), as applicable (collectively, the “Severance
Benefits”), shall be in lieu of notice or any other severance benefits to which you might otherwise be entitled from
any Ribbon Entity. Notwithstanding anything to the contrary herein, the Company's provision of the Severance Benefits will be contingent
upon your timely execution and non-revocation of a general waiver and release of claims agreement in a form to be provided by the
Company (a “Release Agreement”), subject to the terms set forth herein. You will have twenty-one (21) days (or,
in the event that your termination of employment is “in connection with an exit incentive or other employment termination
program” (as such phrase is defined in the Age Discrimination in Employment Act of 1967, as amended), forty-five (45) days)
following your receipt of the Release Agreement to consider whether or not to accept it. If the Release Agreement is signed and
delivered by you to the Company, you will have seven (7) days from the date of delivery to revoke your acceptance of such agreement
(the “Revocation Period”). If you do not timely execute or if you subsequently revoke the Release Agreement,
you shall be required to pay to the Company, immediately upon demand therefor, the amount of any payments or benefits you received
in connection with any portion of Equity Awards that was eligible to vest pursuant to Section 3(b) (including, without limitation,
proceeds received or realized by you from the sale or surrender of any shares underlying such Equity Awards in connection with
applicable tax withholding).

 

(d)               
The provisions of this Section 3 shall supersede in their entirety any severance payment provisions in any severance plan,
severance policy, severance program or other severance arrangement maintained by the Company or any of its affiliates (or any of
their respective predecessors). The Company shall have no further obligation to you in the event of termination of your employment
for any reason at any time, other than those obligations specifically set forth in this Section 3.

 

4.      
Mitigation. You shall not be required to mitigate the amount of any payment or benefit provided for in Section 3
by seeking other employment or otherwise, nor shall the amount of any payment or benefit provided for in Section 3 be reduced by
any compensation earned by you as the result of employment by another employer or by retirement benefits after the Date of Termination
or otherwise, subject to Section 5; provided, however, that any loans, advances or other amounts owed by you to the
Company may be offset by the Company and its affiliates against amounts payable to you under Section 3 to the greatest extent permitted
by applicable law.

 

5.      
Restrictive Covenants and Other Conditions. You acknowledge and agree that you are a party to that certain Confidentiality,
Non-Competition and Assignment of Inventions Agreement, dated as of January 19, 2018, and such agreement remains in full force
and effect (the “Restrictive Covenant Agreement”). In the event of (a) your material breach of the Restrictive
Covenant Agreement, (b) your engagement in any act or omission after the Date of Termination that would have constituted “Cause”
under subsections (ii) through (iv), (xii) or (xiii) of the definition thereof (without regard for any cure periods therein) for
termination of your employment had you remained employed after the Date of Termination, or (c) the Company’s determination
in good faith that facts or circumstances existed on the Date of Termination that, if known by the Company on the Date of Termination,
would have constituted Cause, the Company shall be entitled to cease all payments and benefits pursuant to Section 3(b), all Equity
Awards that vested pursuant to Section 3(b) and any shares of Company stock you received with respect thereto shall immediately
be forfeited, without payment therefor, and you shall be required to pay to the Company, immediately upon demand therefor, the
amount of any proceeds realized by you from the sale of any such shares.

 

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6.         
Section 409A Tax Implications. Any payments or benefits required to be provided under this Agreement that is subject
to Section 409A of the Code shall be provided only after the date of your “separation from service” with the Company
as defined under Section 409A of the Code and the regulations and guidance issued thereunder (collectively, “Section 409A”).
The following rules shall apply with respect to distribution of the payments and benefits, if any, to be provided to you under
this Agreement:

 

(a)       To
the extent applicable, this Agreement shall be interpreted in accordance with Section 409A. Each installment of the payments and
benefits provided hereunder shall be treated as a separate “payment” for purposes of Section 409A. If and to the extent
(i) any portion of any payment, compensation or other benefit provided to you pursuant to this Agreement in connection with your
termination of employment constitutes “nonqualified deferred compensation” within the meaning of Section 409A and (ii)
you are a specified employee as defined in Section 409A(a)(2)(B)(i) of the Code, in each case as determined by the Company in accordance
with its procedures, by which determinations you agree that you are bound, such portion of the payment, compensation or other benefit
shall not be paid until the first business day that is six (6) months plus one (1) day or more after the date of “separation
from service” (as determined under Section 409A) (the “New Payment Date”), except such earlier date as
Section 409A may then permit. The aggregate of any payments that otherwise would have been paid to you during the period between
the date of separation from service and the New Payment Date shall be paid to you in a lump sum on such New Payment Date, and any
remaining payments will be paid on their original schedule.

 

(b)              
The Company and its employees, agents and representatives make no representations or warranty
and shall have no liability to you or any other person if any provisions of or payments, compensation or other benefits under this
Agreement are determined to constitute nonqualified deferred compensation subject to Section 409A but do not satisfy the conditions
of that section. Notwithstanding any provision of this Agreement to the contrary, in the event that following the Effective Date
the Board determines that this Agreement may be subject to Section 409A, the Board may (but is not obligated to), without your
consent, adopt such amendments to this Agreement or adopt other policies and procedures (including amendments, policies and procedures
with retroactive effect), or take any other actions, that the Board determines are necessary or appropriate to (i) exempt this
Agreement from Section 409A and/or preserve the intended tax treatment of the benefits provided with respect to this Agreement
or (ii) comply with the requirements of Section 409A and thereby avoid the application of any penalty taxes under Section 409A.

 

7.      
Section 280G. If any payment or benefit you would receive or retain under this Severance Agreement, when combined
with any other payment or benefit you receive or retain in connection with a “change in control event” within the meaning
of Section 280G of the Code and the regulations and guidance thereunder (“Section 280G”), would (a) constitute
a “parachute payment” within the meaning of Section 280G of the Code, and (b) but for this Section 7, be subject to
the excise tax imposed by Section 4999 of the Code (the “Excise Tax”), then such Payment shall be either payable
in full or in such lesser amount as would result in no portion of the Payment being subject to the Excise Tax, whichever of the
foregoing amounts, taking into account the applicable federal, state and local employment taxes, income taxes, and the Excise Tax,
results in your receipt, on an after-tax basis, of the greater amount of the Payment notwithstanding that all or some portion of
the Payment may be subject to the Excise Tax. All determinations required to be made under this Section 7, including whether and
to what extent the Payment shall be reduced and the assumptions to be utilized in arriving at such determination, shall be made
by a nationally recognized certified public accounting firm or consulting firm experience in matters regarding Section 280G of
the Code as may be designated by the Company (the “280G Advisor”). The 280G Advisor shall provide detailed supporting
calculations both to you and the Company at such time as is requested by the Company. All fees and expenses of the Accounting Firm
shall be borne solely by the Company. Any final determination by the 280G Advisor shall be binding upon you and the Company. For
purposes of making the calculations required by this Section 7, the 280G Advisor may make reasonable assumptions and approximations
concerning applicable taxes and may rely on reasonable, good-faith interpretations concerning the application of Sections 280G
and 4999 of the Code.

 

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8.      
Withholding. The Company shall be entitled to withhold from any amounts payable under this Agreement any federal,
state, local or foreign withholding or other taxes or charges that the Company is required to withhold. The Company shall be entitled
to rely on an opinion or advice of counsel if any questions as to the amount or requirement of withholding arise.

 

		9.	Miscellaneous.

 

		(a)	This Agreement, together with any written employment agreement or offer letter to which you may
be a party and any agreements referenced herein, will constitute our entire agreement as to your employment by the Company and
will supersede any prior agreements or understandings, whether in writing or oral, with respect to the subject matter hereof, other
than with respect to any agreements between you and the Company with respect to confidential information, intellectual property,
non-competition, non-solicitation, non-disparagement, nondisclosure of proprietary information, inventions and injunctive relief,
including, without limitation, the Restrictive Covenant Agreement; provided that Section 9(f) supersedes and replaces any
prior dispute resolution provisions in any other prior agreement between you and the Company (including, without limitation, the
Restrictive Covenant Agreement).

 

		(b)	This Agreement may be executed in more than one counterpart, each of which shall be deemed to be
an original, and all such counterparts together shall constitute one and the same instrument.

 

		(c)	The provisions of this Agreement are severable and if any one or more provisions may be determined
to be illegal or otherwise unenforceable, in whole or in part, the remaining provisions of this Agreement shall nevertheless be
binding and enforceable and except to the extent necessary to reform or delete such illegal or unenforceable provision, this Agreement
shall remain unmodified and in full force and effect.

 

		(d)	This Agreement is personal in nature and neither of the parties hereto shall, without the written
consent of the other, assign or otherwise transfer this Agreement or its obligations, duties and rights under this Agreement; provided,
however, that in the event of the merger, consolidation, transfer or sale of all or substantially all of the assets of the Company,
this Agreement shall, subject to the provisions hereof, be binding upon and inure to the benefit of such successor and such successor
shall discharge and perform all of the promises, covenants, duties and obligations of the Company hereunder.

 

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		(e)	All notices shall be in writing and shall be delivered personally (including by courier), sent
by facsimile transmission (with appropriate documented receipt thereof), by overnight receipted courier service (such as UPS or
Federal Express) or sent by certified, registered or express mail, postage prepaid, to the Company at the following address: Ribbon
Communications Legal Department, 3605 E. Plano Parkway, Plano, Texas 75074, Attn: Head of Legal, and to you at the most current
address we have in your employment file. Any such notice shall be deemed given when so delivered personally, or if sent by facsimile
transmission, when transmitted, or, if by certified, registered or express mail, postage prepaid mailed, forty-eight (48) hours
after the date of deposit in the mail. Any party may, by notice given in accordance with this paragraph to the other party, designate
another address or person for receipt of notices hereunder.

 

		(f)	Arbitration. Notwithstanding anything to the contrary (including, without limitation, any
other written agreement by and between you and any Ribbon Entity):

 

		i.	Any controversy, dispute or claim arising out of or relating to this Agreement or the breach hereof
(a “Dispute”) which cannot be settled by mutual agreement will be finally settled by binding arbitration in
the Commonwealth of Massachusetts, under the jurisdiction of the American Arbitration Association or other mutually agreeable alternative
arbitration dispute resolution service, before a single arbitrator appointed in accordance with the arbitration rules of the
American Arbitration Association or other selected service, modified only as herein expressly provided.  The arbitrator may
enter a default decision against any party who fails to participate in the arbitration proceedings.

 

		ii.	The decision of the arbitrator on the points in dispute will be final, non-appealable and binding,
and judgment on the award may be entered in any court having jurisdiction thereof.

 

		iii.	The fees and expenses of the arbitrator will be shared equally by the parties, and each party will
bear the fees and expenses of its own attorney in connection with any Dispute; provided that, to the extent the arbitrator
determines you have prevailed on at least one material issue involved in any Dispute commencing during the Change in Control Protection
Period, the Company shall reimburse you for all reasonable attorneys’ fees in connection with such Dispute.

 

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		iv.	The parties agree that this Section 9(f) has been included to resolve any Disputes, and that
this Section 9(f) will be grounds for dismissal of any court action commenced by either party with respect to this Agreement,
other than post-arbitration actions seeking to enforce an arbitration award or actions seeking an injunction or temporary restraining
order.  In the event that any court determines that this arbitration procedure is not binding, or otherwise allows any litigation
regarding a Dispute to proceed, the parties hereto hereby waive, to the maximum extent allowed by law, any and all right to a trial
by jury in or with respect to such litigation.

 

		v.	The parties will keep confidential, and will not disclose to any person, except as may be required
by law or the rules and regulations of the Securities and Exchange Commission or other government agencies, the existence
of any controversy hereunder, the referral of any such controversy to arbitration or the status or resolution thereof.

 

		(g)	This Agreement shall be governed by and interpreted in accordance with the laws of the state of
New Jersey, without regard to the conflict of laws provisions thereof or of any other jurisdiction.

 

10.  
Acceptance. You may accept the terms and conditions described herein by confirming your acceptance in writing. Please
send your countersignature to this Agreement to the Company, or via e-mail to me, which execution will evidence your agreement
with the terms and conditions set forth herein.

  

* * * * *

  

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IN WITNESS WHEREOF,
each of the parties has executed this Severance Agreement, in the case of the Company by its duly authorized officer, as of the
day and year first above written.

  

EXECUTIVE:

  

	/s/ Anthony Scarfo	 

 

COMPANY:

  

	By:   	/s/ Justin Ferguson	 
	 	Justin Ferguson	 
	 	Executive Vice President, General Counsel	 
	 	and Corporate Secretary	 

  

Signature Page to Severance AgreementEX-10.1

 Exhibit 10.1 

Execution Version 

EXCHANGE AGREEMENT 
 This
EXCHANGE AGREEMENT (this “Agreement”), dated as of January 29, 2020, is entered into by and among CNX Midstream Partners LP, a Delaware limited partnership (the “Partnership”), CNX Midstream GP
LLC, a Delaware limited liability company and the general partner of the Partnership (the “General Partner”), and CNX Gas Company LLC, a Virginia limited liability company (“CNX Gas”). 

WHEREAS, CNX Gas is a wholly owned subsidiary of CNX Resources Corporation, a Delaware corporation (“CNX”), and the
indirect owner of all of the membership interests in the General Partner; 
 WHEREAS, the General Partner owns all of the Incentive
Distribution Rights (as defined below) and a 2.0% General Partner Interest (as defined below) in the Partnership; and 
 WHEREAS, the
Partnership, the General Partner and CNX Gas have agreed to the cancellation of the Incentive Distribution Rights and the restructuring of the General Partner Interest as provided in this Agreement. 

NOW THEREFORE, in consideration of the mutual covenants and agreements set forth herein and for good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, and intending to be legally bound, the parties hereby agree as follows: 
 ARTICLE I

 DEFINITIONS AND INTERPRETATION 

Section 1.1 Rules of Interpretation. Unless expressly provided for elsewhere in this Agreement, this Agreement shall be
interpreted in accordance with the following provisions: 
 (i) the words “this Agreement,” “herein,” “hereby,”
“hereunder,” “hereof,” and other equivalent words shall refer to this Agreement as an entirety and not solely to the particular portion, article, section, subsection or other subdivision of this Agreement in which any such word
is used; 
 (ii) the word “including” and its derivatives mean “including without limitation” and are terms of
illustration and not of limitation; 
 (iii) all definitions set forth herein shall be deemed applicable whether the words defined are used
herein in the singular or in the plural and correlative forms of defined terms shall have corresponding meanings; 
 (iv) the word
“or” is not exclusive, and has the inclusive meaning represented by the phrase “and/or”; 
 (v) a defined term has its
defined meaning throughout this Agreement and each exhibit and schedule to this Agreement, regardless of whether it appears before or after the place where it is defined; 

 (vi) all references to prices, values or monetary amounts refer to United States dollars;

 (vii) wherever used herein, any pronoun or pronouns shall be deemed to include both the singular and plural and to cover all genders; 

(viii) this Agreement has been jointly prepared by the parties hereto, and shall not be construed against any person as the principal
draftsperson hereof, and no consideration may be given to any fact or presumption that any party had a greater or lesser hand in drafting this Agreement; 

(ix) the captions of the articles, sections or subsections appearing in this Agreement are inserted only as a matter of convenience and in no
way define, limit, construe or describe the scope or extent of such section, or in any way affect this Agreement; 
 (x) any references
herein to a particular Article, Section or Exhibit means an Article or Section of, or an Exhibit to, this Agreement unless otherwise expressly stated herein; 

(xi) the Exhibits attached hereto are incorporated herein by reference and shall be considered part of this Agreement; 

(xii) unless otherwise specified herein, all accounting terms used herein shall be interpreted, and all determinations with respect to
accounting matters hereunder shall be made, in accordance with generally accepted accounting principles in the United States, as in effect from time to time, applied on a consistent basis; 

(xiii) all references to days shall mean calendar days unless otherwise provided; 

(xiv) except as specifically noted herein, all references to time shall mean Pittsburgh, Pennsylvania time; and 

(xv) references to any person shall include such person’s successors and permitted assigns. 

ARTICLE II 
 THE
TRANSACTION 
 Section 2.1 Cancellation of Incentive Distribution Rights and Restructuring of General Partner Interest.
At the Closing (as defined below), CNX Gas shall cause the General Partner to amend the Second Amended and Restated Agreement of Limited Partnership of CNX Midstream Partners LP, dated as of January 3, 2018 (the “Existing LP
Agreement”) as set forth in Exhibit A, and as so amended shall be the limited partnership agreement of the Partnership (such amended agreement being referred to as the “Revised LP Agreement”) until duly
amended in accordance with its terms and applicable law. Pursuant to such amendment, effective concurrently with the Closing, the Incentive Distribution Rights (as defined in the Existing LP Agreement) shall be cancelled (the
“Cancellation”) and the General Partner Interest (as defined in the Existing LP Agreement) owned by the General Partner shall be converted into a non-economic general partner interest
in the Partnership (the “Conversion”). 

  
 - 2 - 

 Section 2.2 Consideration. In consideration for the Cancellation and the
Conversion (and concurrently therewith), the Partnership shall (i) issue to CNX Gas 26,000,000 common units representing limited partner interests in the Partnership, which shall be listed on the New York Stock Exchange (the
“Restructuring Common Units”), and 3,000,000 newly created Class B units representing limited partner interests in the Partnership (the “Class B Units” and,
together with the Restructuring Common Units, the “Equity Consideration”) having the rights, preferences, privileges and restrictions set forth in the Revised LP Agreement and (ii) pay to CNX Gas an aggregate of
$135.0 million in cash (“Cash Consideration”), payable in installments of $50.0 million due December 31, 2020, $50.0 million due December 31, 2021 and $35.0 million due December 31, 2022
(each, a “Payment Date”); provided, that, in the event of a Change of Control (as defined in the Revised LP Agreement), the outstanding balance of the Cash Consideration shall become due and payable to CNX Gas immediately
prior to the consummation of such Change of Control. The issuance of the Equity Consideration, the payment of the Cash Consideration, the Cancellation, the Conversion and the amendment of the Existing LP Agreement are collectively referred to herein
as the “Transaction.” 
 Section 2.3 Consent, Approval and Agreement of General Partner. In accordance
with Section 13.03(b) and Section 13.03(c) of the Existing LP Agreement, the General Partner, in its individual capacity as the sole holder of the General Partner Interest and the Incentive Distribution Rights, hereby consents to and
approves the amendments to the Existing LP Agreement to be effected by the Revised LP Agreement. 
 Section 2.4 Closing. The
closing of the Transaction (“Closing”) shall occur contemporaneously with the execution of this Agreement at the offices of Latham & Watkins LLP, 811 Main Street, Suite 3700, Houston, Texas 77002, at 9:00 a.m.,
Central Time. 
 Section 2.5 Further Assurances. The parties agree to execute and deliver, or cause to be executed and
delivered, such further instruments or documents or take such other action as may be reasonably necessary or convenient to carry out the Transaction. 

ARTICLE III 

REPRESENTATIONS AND WARRANTIES OF THE GENERAL PARTNER 

The General Partner hereby represents and warrants to the Partnership and CNX Gas that: 

Section 3.1 Organization, Good Standing and Qualification. The General Partner is a Delaware limited liability company duly formed
and validly existing under the Laws (as defined below) of the state of Delaware and has all requisite limited liability company power and authority and has taken all action necessary in order to execute, deliver and perform its obligations under
this Agreement. This Agreement constitutes a legal, valid and binding obligation of the General Partner, enforceable against the General Partner in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy,
insolvency, fraudulent transfer, reorganization, moratorium and similar Laws relating to or affecting creditors’ rights generally and to legal principles of general applicability governing the availability of equitable remedies, including
principles of good faith and fair dealing (regardless of whether such enforceability is considered in a proceeding in equity or at Law) (collectively, “Enforceability Exceptions”). 

  
 - 3 - 

 Section 3.2 No Violations. The execution, delivery and performance of this
Agreement by the General Partner does not, and the consummation of the Transaction will not, (i) constitute a breach or violation of, or result in a default (or an event that, with notice or lapse of time or both, would become a default) under,
or result in the termination or in a right of termination or cancellation of, or accelerate the performance required by, any note, bond, mortgage, indenture, deed of trust, license, franchise, lease, contract, agreement, joint venture or other
instrument or obligation to which the General Partner is a party or by which the General Partner or its properties is subject or bound that is material to the General Partner, (ii) constitute a breach or violation of, or a default under the
certificate of formation or limited liability company agreement of the General Partner, (iii) contravene or conflict with or constitute a violation of any provision of any law (statutory, common or otherwise), constitution, treaty, convention,
ordinance, equitable principle, code, rule, regulation, order, injunction, decree or ruling (collectively, “Laws”) binding upon or applicable to the General Partner, or (iv) result in the creation of any lien, charge,
pledge, mortgage, easement, security interest, claim or other encumbrance (“Encumbrance”), other than, in each case, restrictions on transfer arising solely under applicable federal and state securities laws on any of the
General Partner’s assets.  
 Section 3.3 Equity Interests. The General Partner is the beneficial and record holder
of the Incentive Distribution Rights and the General Partner Interest and has good and valid title to the Incentive Distribution Rights and the General Partner Interest, in each case, free and clear of all Encumbrances and there is no subscription,
option, warrant, call, right, agreement or commitment relating to the issuance, sale, delivery, repurchase or transfer by the General Partner of the Incentive Distribution Rights or the General Partner Interest, except as set forth in the Existing
LP Agreement. 
 Section 3.4 Investment Intent and Securities Laws Compliance. 

(a) The General Partner has been given reasonable access to full and fair disclosure of all material information regarding the Partnership, the
Restructuring Common Units and the Class B Units, including reasonable access to the books and records of the Partnership. The General Partner acknowledges and agrees that it has been provided, to its full satisfaction, with the opportunity to
ask questions concerning the terms and conditions of an investment in the Partnership and has knowingly and voluntarily elected instead to rely solely on its own investigation. 

(b) The General Partner understands that the Restructuring Common Units and the Class B Units are “restricted securities” and
have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or any applicable state securities Laws. The General Partner acknowledges that the Restructuring Common Units and the Class B
Units will bear a restrictive legend to that effect. The General Partner acknowledges and agrees that it must bear the economic risk of this investment indefinitely, that the Restructuring Common Units and the Class B Units issued to the
General Partner hereunder may not be sold or transferred or offered for sale or transfer by it without registration under the Securities Act and any applicable state securities or “Blue Sky” Laws or the availability of exemptions
therefrom. 

  
 - 4 - 

 (c) The General Partner has such knowledge, sophistication and experience in business and
financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Restructuring Common Units and the Class B Units, and has so evaluated the merits and risks of such investment. The General Partner is
able to bear the economic risk of an investment in the Restructuring Common Units and the Class B Units and, at the present time and in the foreseeable future, is able to afford a complete loss of such investment. 

(d) The General Partner understands that the Restructuring Common Units and the Class B Units are being offered and issued to the General
Partner in reliance upon specific exemptions from the registration requirements of United States federal and state securities Laws and that the Partnership is relying upon the truth and accuracy of, and the General Partner’s compliance with,
the representations, warranties, agreements, acknowledgments and understandings, which are true, correct and complete, of the General Partner set forth herein in order to determine the availability of such exemptions and the eligibility of the
General Partner to acquire the Restructuring Common Units and the Class B Units. 
 Section 3.5 Management Projections and
Budgets. Over the course of the negotiation and review of the Transaction, the General Partner, CNX, the Partnership and their respective representatives have provided various materials to the conflicts committee of the board of directors of the
General Partner (the “Conflicts Committee”) or its representatives as part of the Conflicts Committee’s review of the Transaction, including various presentations, budgets and financial models of the Partnership and CNX,
and including all updates and revisions to such materials (all such materials, collectively, the “Conflicts Committee Information”). With respect to the Conflicts Committee Information: 

(a) the projections, budgets and other forward-looking information included in the Conflicts Committee Information were prepared in good faith
and are consistent with the expectations of the management of each of the General Partner and CNX as of the date hereof; and 
 (b) to the
knowledge of the General Partner and CNX, the Conflicts Committee Information does not contain any misstatement of a material fact or any omission of a material fact necessary to make the Conflicts Committee Information, taken as a whole and in the
light of the circumstances under which it was made, not misleading. 
 ARTICLE IV 

REPRESENTATIONS AND WARRANTIES OF THE PARTNERSHIP 

The Partnership hereby represents and warrants to the General Partner and CNX Gas that: 

Section 4.1 Organization, Good Standing and Qualification. The Partnership is a Delaware limited partnership duly formed and
validly existing under the Laws of the state of Delaware and has all requisite limited partnership power and authority and has taken all action necessary in order to execute, deliver and perform its obligations under this Agreement and to consummate
the Transaction. This Agreement constitutes a legal, valid and binding obligation of the Partnership, enforceable against the Partnership in accordance with its terms, subject to the Enforceability Exceptions. 

  
 - 5 - 

 Section 4.2 No Violations. The execution, delivery and performance of this
Agreement by the Partnership does not, and the consummation of the Transaction will not, (i) constitute a breach or violation of, or result in a default (or an event that, with notice or lapse of time or both, would become a default) under, or
result in the termination or in a right of termination or cancellation of, or accelerate the performance required by, any note, bond, mortgage, indenture, deed of trust, license, franchise, lease, contract, agreement, joint venture or other
instrument or obligation to which the Partnership is a party or by which the Partnership or any of its properties is subject or bound that is material to the Partnership, (ii) constitute a breach or violation of, or a default under the
certificate of limited partnership of the Partnership or the Existing LP Agreement, (iii) contravene or conflict with or constitute a violation of any provision of any Law binding upon or applicable to the Partnership, or (iv) result in
the creation of any Encumbrance on any assets of the Partnership. 
 Section 4.3 Restructuring Common Units and
Class B Units. The Restructuring Common Units and the Class B Units will be duly authorized and, when issued and delivered to the General Partner in accordance with the terms hereof, will be validly issued, fully paid (to
the extent required by the Revised LP Agreement), and non-assessable (subject to Sections 17-303, 17-607 and 17-804 of the Delaware Revised Uniform Limited Partnership Act), and free and clear of all Encumbrances, except for (i) restrictions on transfer arising under applicable securities Laws and (ii) the
applicable terms and conditions of the Organizational Documents of the Partnership. 
 Section 4.4 Financial Resources. The
Partnership has, or will have on each Payment Date, sufficient cash on hand, available lines of credit or other sources of immediately available funds to enable it (a) to pay the Cash Consideration payable on such Payment Date and (b) to
otherwise perform its obligations under this Agreement. 
 ARTICLE V 

REPRESENTATIONS AND WARRANTIES OF CNX GAS 

CNX Gas hereby represents and warrants to the General Partner and the Partnership that: 

Section 5.1 Organization, Good Standing and Qualification. CNX Gas is a Virginia limited liability company duly formed and validly
existing under the Laws of the state of Virginia and has all requisite limited liability company power and authority and has taken all action necessary in order to execute, deliver and perform its obligations under this Agreement and to consummate
the Transaction. This Agreement constitutes a legal, valid and binding obligation of CNX Gas, enforceable against CNX Gas in accordance with its terms, subject to the Enforceability Exceptions. 

  
 - 6 - 

 Section 5.2 No Violations. The execution, delivery and performance of this
Agreement by CNX Gas does not, and the consummation of the Transaction will not, (i) constitute a breach or violation of, or result in a default (or an event that, with notice or lapse of time or both, would become a default) under, or result
in the termination or in a right of termination or cancellation of, or accelerate the performance required by, any note, bond, mortgage, indenture, deed of trust, license, franchise, lease, contract, agreement, joint venture or other instrument or
obligation to which CNX Gas is a party or by which CNX Gas or any of its properties is subject or bound that is material to CNX Gas, (ii) constitute a breach or violation of, or a default under the certificate of formation or limited liability
company agreement of CNX Gas, (iii) contravene or conflict with or constitute a violation of any provision of any Law binding upon or applicable to CNX Gas, or (iv) result in the creation of any Encumbrance on any assets of CNX Gas. 

Section 5.3 Investment Intent and Securities Laws Compliance. 

(a) CNX Gas has been given reasonable access to full and fair disclosure of all material information regarding the Partnership, the
Restructuring Common Units and the Class B Units, including reasonable access to the books and records of the Partnership. CNX Gas acknowledges and agrees that it has been provided, to its full satisfaction, with the opportunity to ask
questions concerning the terms and conditions of an investment in CNX Gas and has knowingly and voluntarily elected instead to rely solely on its own investigation. 

(b) CNX Gas understands that the Restructuring Common Units and the Class B Units are “restricted securities” and have not been
registered under the Securities Act or any applicable state securities Laws. CNX Gas acknowledges that the Restructuring Common Units and the Class B Units will bear a restrictive legend to that effect. CNX Gas acknowledges and agrees that it
must bear the economic risk of this investment indefinitely, that the Restructuring Common Units and the Class B Units issued to the General Partner hereunder may not be sold or transferred or offered for sale or transfer by it without
registration under the Securities Act and any applicable state securities or “Blue Sky” Laws or the availability of exemptions therefrom. 

(c) CNX Gas has such knowledge, sophistication and experience in business and financial matters so as to be capable of evaluating the merits
and risks of the prospective investment in the Restructuring Common Units and the Class B Units, and has so evaluated the merits and risks of such investment. CNX Gas is able to bear the economic risk of an investment in the Restructuring
Common Units and the Class B Units and, at the present time and in the foreseeable future, is able to afford a complete loss of such investment. 

(d) CNX Gas understands that the Restructuring Common Units and the Class B Units are being offered and issued to the General Partner in
reliance upon specific exemptions from the registration requirements of United States federal and state securities Laws and that the Partnership is relying upon the truth and accuracy of, and CNX Gas’s compliance with, the representations,
warranties, agreements, acknowledgments and understandings, which are true, correct and complete, of CNX Gas set forth herein in order to determine the availability of such exemptions and the eligibility of the General Partner to acquire the
Restructuring Common Units and the Class B Units. 

  
 - 7 - 

 ARTICLE VI 

GOVERNING LAW; CONSENT TO JURISDICTION; WAIVER OF JURY TRIAL 

SECTION 6.1 Governing Law; Consent to Jurisdiction; WAIVER OF JURY TRIAL. This Agreement and all questions relating to the
interpretation or enforcement of this Agreement shall be governed by and construed in accordance with the Laws of the State of Delaware without regard to any Laws of the State of Delaware or any other jurisdiction that would call for the application
of the substantive Laws of any jurisdiction other than the State of Delaware. Each party hereby agrees that service of summons, complaint or other process in connection with any actions or proceedings contemplated hereby may be made in accordance
with Section 8.3 addressed to such party at the address specified pursuant to Section 8.3. Each of the parties irrevocably submits to the exclusive jurisdiction of the Court of Chancery of the
State of Delaware, or in the event, but only in the event, that such court declines to accept jurisdiction over such action or proceeding, to the exclusive jurisdiction of the Superior Court of the State of Delaware (Complex Commercial Division) or,
if subject matter jurisdiction over the matter that is the subject of any such action or proceeding is vested exclusively in the federal courts of the United States of America, the United States District Court for the District of Delaware, and any
appellate court from any thereof (collectively, the “Courts”), for the purposes of any action or proceeding arising out of or relating to this Agreement or any transaction contemplated hereby (and agrees not to commence any
action or proceeding relating hereto except in such Courts as provided herein). Each of the parties further agrees that service of any process, summons, notice or document hand delivered or sent in accordance with
Section 8.3 to such party’s address set forth in Section 8.3 will be effective service of process for any action or proceeding in the State of Delaware with respect to any matters to which it
has submitted to jurisdiction as set forth in the immediately preceding sentence. Each of the parties irrevocably and unconditionally waives any objection to the laying of venue of any action or proceeding arising out of or relating to this
Agreement or the transactions contemplated hereby in the Courts, and hereby further irrevocably and unconditionally waives and agrees not to plead or claim in any such court that any such action or proceeding brought in any such court has been
brought in an inconvenient forum. Notwithstanding the foregoing, each party agrees that a final judgment in any action or proceeding properly brought in accordance with the terms of this Agreement shall be conclusive and may be enforced by suit on
the judgment in any jurisdiction or in any other manner provided at law or in equity. EACH PARTY IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY
ACTION OR PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR IN CONNECTION WITH THIS AGREEMENT EXECUTED IN CONNECTION HEREWITH THE TRANSACTIONS CONTEMPLATED HEREBY. EACH PARTY CERTIFIES AND ACKNOWLEDGES THAT (A) NO REPRESENTATIVE OF ANY OTHER
PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH PARTY WOULD NOT SEEK TO ENFORCE THE FOREGOING WAIVER IN THE EVENT OF AN ACTION OR PROCEEDING, (B) SUCH PARTY HAS CONSIDERED THE IMPLICATIONS OF THIS WAIVER, (C) SUCH PARTY MAKES THIS
WAIVER VOLUNTARILY, AND (D) SUCH PARTY HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 6.1. 

  
 - 8 - 

 ARTICLE VII 

TAX MATTERS 

Section 7.1 Tax Covenants. All sales, use, controlling interest, transfer, filing, recordation, registration and similar taxes, if
any, arising from or associated with the transactions contemplated by this Agreement other than taxes based on income or net worth (“Transaction Taxes”), shall be borne by the General Partner. To the extent under applicable
Law the Partnership is responsible for filing tax returns in respect of Transaction Taxes, the General Partner shall prepare and file all such tax returns. The parties shall provide such certificates and other information as may be reasonably
required in connection with any such filings and otherwise cooperate. 
 Section 7.2 Tax Treatment of the Transaction. The
parties intend that the General Partner’s Cancellation and Contribution in exchange for the Equity Consideration and the Cash Consideration described in Section 2.1 and Section 2.2 will be treated for U.S. federal income tax purposes
as set forth in this Section 7.2 (the “Intended Tax Treatment”). Each party shall, and shall cause its controlled affiliates to, file all tax returns and other reports consistent with the Intended Tax Treatment, unless
required by Law to do otherwise. The transactions contemplated hereby shall be treated as either (a) to the extent of the Equity Consideration, a readjustment of partnership items among an existing partner or partners of a partnership not
involving a sale or exchange, and, to the extent of the Cash Consideration, a distribution under Section 731 of the Internal Revenue Code of 1986, as amended (the “Code”), or (b) to the extent of the Equity
Consideration, a transaction described in Section 721 of the Code in a manner consistent with Revenue Ruling 84-52, 1984-1 C.B. 157, and, to the extent of the Cash
Consideration, a distribution under Section 731 of the Code. As a result, (i) no taxable gain or loss will be recognized by the Partnership, (ii) no taxable gain or loss will be recognized by the General Partner or CNX Gas except to
the extent that either the Cash Consideration or CNX Gas’s share of the Partnership’s liabilities under Section 752 of the Code is decreased by an amount that is greater than CNX Gas’s adjusted basis in its interest in the
Partnership, and (iii) in the case of the existing public limited partners owning common units representing limited partner interests in the Partnership, taxable gain will be recognized only to the extent such public limited partner’s
share of the Partnership’s liabilities under Section 752 of the Code is decreased by an amount that is greater than such public limited partner’s adjusted tax basis in its common units. 

ARTICLE VIII 

MISCELLANEOUS 

Section 8.1 Amendments and Modifications. This Agreement may be amended, modified or supplemented only by written agreement of the
parties hereto (provided, however, that any approval on behalf of the Partnership may be given solely by the Conflicts Committee). 

Section 8.2 Waiver of Compliance. Except as otherwise provided in this Agreement, any failure of any of the parties to comply with
any obligation, covenant, agreement or condition herein may be waived by the party entitled to the benefits thereof only by a written instrument signed by the party granting such waiver (provided, however, that any such waiver by the Partnership may
be given solely by the Conflicts Committee), but such waiver or failure to insist upon strict compliance with such obligation, covenant, agreement or condition shall not operate as a waiver of, or estoppel with respect to, any subsequent or other
failure. 

  
 - 9 - 

 Section 8.3 Notices. All notices and other communications hereunder shall be in
writing and shall be deemed given if delivered personally or by email transmission, or mailed by a nationally recognized overnight courier, postage prepaid, to the parties at the following addresses (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): 
  

					
		 	If to CNX Gas or the General Partner:
		
		 	CNX Resources Corporation
	                    	 	1000 CONSOL Energy Drive Suite 400
		 	Canonsburg, Pennsylvania 15317-6506
		 	Attention:	 	Donald W. Rush
		 		 	Stephanie L. Gill
		 	E-Mail:	 	DonaldRush@cnx.com
		 		 	StephanieGill@cnx.com
		
		 	with a copy to:
		
		 	Latham & Watkins LLP
		 	811 Main Street, Suite 3700
		 	Houston, Texas 77002
		 	Attention:	 	William N. Finnegan IV
		 		 	Nick S. Dhesi
		 	E-Mail:	 	bill.finnegan@lw.com
		 		 	nick.dhesi@lw.com
		
		 	If to the Partnership:
		
		 	CNX Midstream GP LLC
		 	1000 CONSOL Energy Drive Suite 400
		 	Canonsburg, Pennsylvania 15317-6506
		 	Attention:	 	Donald W. Rush
		 		 	Stephanie L. Gill
		 	E-Mail:	 	DonaldRush@cnx.com
		 		 	StephanieGill@cnx.com
		
		 	with a copy to:
		
		 	Baker Botts L.L.P.
		 	910 Louisiana Street
		 	Houston, Texas 77002
		 	Attention:	 	Joshua Davidson
		 		 	A.J. Ericksen
		 	E-Mail:	 	joshua.davidson@bakerbotts.com
		 		 	aj.ericksen@bakerbotts.com

  
 - 10 - 

 Section 8.4 Assignment. This Agreement shall be binding upon and inure to the
benefit of the parties and their successors and permitted assigns. No party may assign this Agreement or any rights or obligations hereunder without the prior written consent of the other parties. Any attempted assignment or transfer in violation of
this Agreement shall be null, void and ineffective. 
 Section 8.5 Specific Performance. The parties acknowledge and agree that
a breach of this Agreement would cause irreparable damage to the Partnership, the General Partner, and CNX Gas, and the Partnership, the General Partner, and CNX Gas will not have an adequate remedy at law. Therefore, the obligations of the parties
under this Agreement shall be enforceable by a decree of specific performance issued by any court of competent jurisdiction, and appropriate injunctive relief may be applied for and granted in connection therewith. Such remedies shall, however, be
cumulative and not exclusive and shall be in addition to any other remedies which any party may have under this Agreement or otherwise. 

Section 8.6 Entire Agreement. This Agreement (including the Exhibits hereto) constitutes the entire understanding and agreement
among the parties with respect to the subject matter hereof and supersedes any and all prior or contemporaneous discussions, agreements and understandings, whether written or oral. 

Section 8.7 Severability. Whenever possible, each provision of this Agreement shall be interpreted in such manner as to be
effective and valid under applicable Law, but if any provision or portion of this Agreement is held to be invalid, illegal or unenforceable in any respect under any applicable Law in any jurisdiction by any applicable federal, state, local,
municipal, tribal or other government; any governmental, regulatory or administrative agency, commission, body or other authority exercising or entitled to exercise any administrative, executive, judicial, legislative, regulatory or taxing authority
or power; and any court or governmental tribunal, including any tribal authority having or asserting jurisdiction (each, a “Governmental Authority”), (a) such invalidity, illegality or unenforceability shall not affect
the validity, legality or enforceability of any other provision of this Agreement in such jurisdiction or affect the validity, legality or enforceability of any provision in any other jurisdiction, (b) such provision shall be invalid, illegal
or unenforceable only to the extent strictly required by such Governmental Authority, (c) to the extent any such provision is deemed to be invalid, illegal or unenforceable, each party agrees that it shall use its reasonable best efforts to
cause such Governmental Authority to modify such provision so that such provision shall be valid, legal and enforceable as originally intended to the greatest extent possible and (d) to the extent that the Governmental Authority does not modify
such provision, each party agrees that they shall endeavor in good faith to exercise or modify such provision so that such provision shall be valid, legal and enforceable as originally intended to the greatest extent possible. 

Section 8.8 Facsimiles; Electronic Transmission; Counterparts. This Agreement may be executed by facsimile or other electronic
transmission (including scanned documents delivered by email) by any party and such execution shall be deemed binding for all purposes hereof, without delivery of an original signature being thereafter required. This Agreement may be executed in one
or more counterparts, each of which, when executed, shall be deemed to be an original and all of which together shall constitute one and the same document. 

[Signature Page Follows] 

  
 - 11 - 

 IN WITNESS WHEREOF, this Agreement has been duly executed and delivered by the duly
authorized officers of the parties to this Agreement as of the date first written above. 
  

					
	CNX MIDSTREAM PARTNERS LP
	
	By: CNX Midstream GP LLC, 
        its general partner
		
	By	 	 /s/ Donald W. Rush

		 	Name:	 	Donald W. Rush
		 	Title:	 	Chief Financial Officer and Director

 
					
	
	CNX MIDSTREAM GP LLC 
		
	By	 	 /s/ Donald W. Rush

		 	Name:	 	Donald W. Rush
		 	Title:	 	Chief Financial Officer and Director
	
	CNX GAS COMPANY LLC
		
	By	 	 /s/ Donald W. Rush

		 	Name:	 	Donald W. Rush
		 	Title:	 	Senior Vice President and Chief Financial Officer

  
 Signature Page to
Exchange Agreement 

 EXHIBIT A 

Third Amended and Restated Agreement of Limited Partnership of 

CNX Midstream Partners LP 

[See Attached.] 

  
 EXHIBIT
A 

 Execution Version 

THIRD AMENDED AND RESTATED 

AGREEMENT OF LIMITED PARTNERSHIP 

OF 
 CNX MIDSTREAM
PARTNERS LP 
 A Delaware Limited Partnership 

Dated as of 

January 29, 2020 
  

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 ARTICLE I DEFINITIONS
	  	 	2	 
			
	 Section 1.01
	 	 Definitions
	  	 	2	 
	 Section 1.02
	 	 Construction
	  	 	17	 
		
	 ARTICLE II ORGANIZATION
	  	 	17	 
			
	 Section 2.01
	 	 Formation
	  	 	17	 
	 Section 2.02
	 	 Name
	  	 	18	 
	 Section 2.03
	 	 Registered Office; Registered Agent; Principal Office; Other Offices
	  	 	18	 
	 Section 2.04
	 	 Purpose and Business
	  	 	18	 
	 Section 2.05
	 	 Powers
	  	 	19	 
	 Section 2.06
	 	 Term
	  	 	19	 
	 Section 2.07
	 	 Title to Partnership Assets
	  	 	19	 
		
	 ARTICLE III RIGHTS OF LIMITED PARTNERS
	  	 	19	 
			
	 Section 3.01
	 	 Limitation of Liability
	  	 	19	 
	 Section 3.02
	 	 Management of Business
	  	 	19	 
	 Section 3.03
	 	 Rights of Limited Partners
	  	 	20	 
		
	 ARTICLE IV CERTIFICATES; RECORD HOLDERS; TRANSFER OF PARTNERSHIP INTERESTS; REDEMPTION
OF PARTNERSHIP INTERESTS
	  	 	21	 
			
	 Section 4.01
	 	 Certificates
	  	 	21	 
	 Section 4.02
	 	 Mutilated, Destroyed, Lost or Stolen Certificates
	  	 	22	 
	 Section 4.03
	 	 Record Holders
	  	 	22	 
	 Section 4.04
	 	 Transfer Generally
	  	 	23	 
	 Section 4.05
	 	 Registration and Transfer of Limited Partner Interests
	  	 	23	 
	 Section 4.06
	 	 Transfer of the General Partner’s General Partner Interest
	  	 	24	 
	 Section 4.07
	 	 [Reserved.]
	  	 	25	 
	 Section 4.08
	 	 Restrictions on Transfers
	  	 	25	 
	 Section 4.09
	 	 Eligibility Certificates; Ineligible Holders
	  	 	27	 
		
	 ARTICLE V CAPITAL CONTRIBUTIONS AND ISSUANCE OF PARTNERSHIP INTERESTS
	  	 	28	 
			
	 Section 5.01
	 	 IDR Restructuring Transaction
	  	 	28	 
	 Section 5.02
	 	 Contributions by the General Partner and its Affiliates
	  	 	29	 
	 Section 5.03
	 	 Contributions by Limited Partners
	  	 	29	 
	 Section 5.04
	 	 Interest and Withdrawal
	  	 	29	 
	 Section 5.05
	 	 Capital Accounts
	  	 	29	 
	 Section 5.06
	 	 Issuances of Additional Partnership Interests and Derivative Partnership Interests
	  	 	33	 
	 Section 5.07
	 	 [Reserved.]
	  	 	34	 
	 Section 5.08
	 	 Limited Preemptive Right
	  	 	34	 

  
 i 

							
	 Section 5.09
	 	 Splits and Combinations
	  	 	34	 
	 Section 5.10
	 	 Fully Paid and Non-Assessable Nature of Limited Partner Interests
	  	 	35	 
	 Section 5.11
	 	 Establishment of Class B Units
	  	 	35	 
		
	 ARTICLE VI ALLOCATIONS AND DISTRIBUTIONS
	  	 	37	 
			
	 Section 6.01
	 	 Allocations for Capital Account Purposes
	  	 	37	 
	 Section 6.02
	 	 Allocations for Tax Purposes
	  	 	42	 
	 Section 6.03
	 	 Requirement and Characterization of Distributions; Distributions to Record Holders
	  	 	43	 
	 Section 6.04
	 	 Special Provisions Relating to the Class B Units
	  	 	44	 
		
	 ARTICLE VII MANAGEMENT AND OPERATION OF BUSINESS
	  	 	45	 
			
	 Section 7.01
	 	 Management
	  	 	45	 
	 Section 7.02
	 	 Certificate of Limited Partnership
	  	 	47	 
	 Section 7.03
	 	 Restrictions on the General Partner’s Authority to Sell Assets of the Partnership
Group
	  	 	47	 
	 Section 7.04
	 	 Reimbursement of and Other Payments to the General Partner
	  	 	47	 
	 Section 7.05
	 	 Outside Activities
	  	 	49	 
	 Section 7.06
	 	 Loans from the General Partner; Loans or Contributions from the Partnership or Group
Members
	  	 	50	 
	 Section 7.07
	 	 Indemnification
	  	 	50	 
	 Section 7.08
	 	 Liability of Indemnitees
	  	 	52	 
	 Section 7.09
	 	 Standards of Conduct; Resolution of Conflicts of Interest and Replacement of Duties
	  	 	53	 
	 Section 7.10
	 	 Other Matters Concerning the General Partner and Other Indemnitees
	  	 	56	 
	 Section 7.11
	 	 Purchase or Sale of Partnership Interests
	  	 	56	 
	 Section 7.12
	 	 Registration Rights of the General Partner and Its Affiliates
	  	 	56	 
	 Section 7.13
	 	 Reliance by Third Parties
	  	 	61	 
	 Section 7.14
	 	 Replacement of Fiduciary Duties
	  	 	61	 
		
	 ARTICLE VIII BOOKS, RECORDS, ACCOUNTING AND REPORTS
	  	 	61	 
			
	 Section 8.01
	 	 Records and Accounting
	  	 	61	 
	 Section 8.02
	 	 Fiscal Year
	  	 	62	 
	 Section 8.03
	 	 Reports
	  	 	62	 
		
	 ARTICLE IX TAX MATTERS
	  	 	62	 
			
	 Section 9.01
	 	 Tax Returns and Information
	  	 	62	 
	 Section 9.02
	 	 Tax Elections
	  	 	63	 
	 Section 9.03
	 	 Tax Controversies
	  	 	63	 
	 Section 9.04
	 	 Withholding
	  	 	64	 
		
	 ARTICLE X ADMISSION OF PARTNERS
	  	 	64	 
			
	 Section 10.01
	 	 Admission of Limited Partners
	  	 	64	 
	 Section 10.02
	 	 Admission of Successor General Partner
	  	 	65	 
	 Section 10.03
	 	 Amendment of Agreement and Certificate of Limited Partnership
	  	 	65	 

  
 ii 

							
	 ARTICLE XI WITHDRAWAL OR REMOVAL OF PARTNERS
	  	 	65	 
			
	 Section 11.01
	 	 Withdrawal of the General Partner
	  	 	65	 
	 Section 11.02
	 	 Removal of the General Partner
	  	 	67	 
	 Section 11.03
	 	 Interest of Departing General Partner and Successor General Partner
	  	 	67	 
	 Section 11.04
	 	 Withdrawal of Limited Partners
	  	 	69	 
		
	 ARTICLE XII DISSOLUTION AND LIQUIDATION
	  	 	69	 
			
	 Section 12.01
	 	 Dissolution
	  	 	69	 
	 Section 12.02
	 	 Continuation of the Business of the Partnership After Dissolution
	  	 	70	 
	 Section 12.03
	 	 Liquidator
	  	 	70	 
	 Section 12.04
	 	 Liquidation
	  	 	71	 
	 Section 12.05
	 	 Cancellation of Certificate of Limited Partnership
	  	 	71	 
	 Section 12.06
	 	 Return of Contributions
	  	 	72	 
	 Section 12.07
	 	 Waiver of Partition
	  	 	72	 
	 Section 12.08
	 	 Capital Account Restoration
	  	 	72	 
		
	 ARTICLE XIII AMENDMENT OF PARTNERSHIP AGREEMENT; MEETINGS; RECORD DATE
	  	 	72	 
			
	 Section 13.01
	 	 Amendments to be Adopted Solely by the General Partner
	  	 	72	 
	 Section 13.02
	 	 Amendment Procedures
	  	 	73	 
	 Section 13.03
	 	 Amendment Requirements
	  	 	74	 
	 Section 13.04
	 	 Special Meetings
	  	 	75	 
	 Section 13.05
	 	 Notice of a Meeting
	  	 	75	 
	 Section 13.06
	 	 Record Date
	  	 	75	 
	 Section 13.07
	 	 Postponement and Adjournment
	  	 	75	 
	 Section 13.08
	 	 Waiver of Notice; Approval of Meeting
	  	 	76	 
	 Section 13.09
	 	 Quorum and Voting
	  	 	76	 
	 Section 13.10
	 	 Conduct of a Meeting
	  	 	77	 
	 Section 13.11
	 	 Action Without a Meeting
	  	 	77	 
	 Section 13.12
	 	 Right to Vote and Related Matters
	  	 	78	 
		
	 ARTICLE XIV MERGER, CONSOLIDATION OR CONVERSION
	  	 	78	 
			
	 Section 14.01
	 	 Authority
	  	 	78	 
	 Section 14.02
	 	 Procedure for Merger, Consolidation or Conversion
	  	 	78	 
	 Section 14.03
	 	 Approval by Limited Partners
	  	 	80	 
	 Section 14.04
	 	 Certificate of Merger or Certificate of Conversion
	  	 	82	 
	 Section 14.05
	 	 Effect of Merger, Consolidation or Conversion
	  	 	82	 
		
	 ARTICLE XV RIGHT TO ACQUIRE LIMITED PARTNER INTERESTS
	  	 	83	 
			
	 Section 15.01
	 	 Right to Acquire Limited Partner Interests
	  	 	83	 
		
	 ARTICLE XVI GENERAL PROVISIONS
	  	 	85	 
			
	 Section 16.01
	 	 Addresses and Notices; Written Communications
	  	 	85	 
	 Section 16.02
	 	 Further Action
	  	 	85	 
	 Section 16.03
	 	 Binding Effect
	  	 	85	 

  
 iii 

							
	 Section 16.04
	 	 Integration
	  	 	85	 
	 Section 16.05
	 	 Creditors
	  	 	86	 
	 Section 16.06
	 	 Waiver
	  	 	86	 
	 Section 16.07
	 	 Third-Party Beneficiaries
	  	 	86	 
	 Section 16.08
	 	 Counterparts
	  	 	86	 
	 Section 16.09
	 	 Applicable Law; Forum; Venue and Jurisdiction; Attorneys’ Fee; Waiver of Trial by
Jury
	  	 	86	 
	 Section 16.10
	 	 Invalidity of Provisions
	  	 	87	 
	 Section 16.11
	 	 Consent of Partners
	  	 	87	 
	 Section 16.12
	 	 Facsimile and Email Signatures
	  	 	88	 

  
 iv 

 THIRD AMENDED AND RESTATED AGREEMENT OF 

LIMITED PARTNERSHIP OF CNX MIDSTREAM PARTNERS LP 

THIS THIRD AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP OF CNX MIDSTREAM PARTNERS LP, dated as of January 29, 2020, is entered
into by and between CNX MIDSTREAM GP LLC, a Delaware limited liability company, as the General Partner, together with any other Persons who become Partners in the Partnership or parties hereto as provided herein. 

WHEREAS, the General Partner and the other parties thereto entered into that certain First Amended and Restated Agreement of Limited
Partnership of the Partnership dated as of September 30, 2014 (the “First A&R Partnership Agreement”); 

WHEREAS, the First A&R Partnership Agreement was amended and restated on January 3, 2018 (as amended and restated, the
“Prior Agreement”), among other things, to eliminate certain Partnership Interests and to reflect the change of the Partnership’s name from “CONE Midstream Partners LP” to “CNX Midstream Partners LP”;

 WHEREAS, on January 29, 2020, the Partnership, the General Partner and CNX Gas Company LLC, a Virginia limited liability company
(“CNX Gas”), entered into an Exchange Agreement (the “Exchange Agreement”), pursuant to which, among other things, the parties thereto agreed to (i) the cancellation of all of the Incentive
Distribution Rights and (ii) the conversion of the General Partner Interest (as defined in the Prior Agreement) into a non-economic general partner interest in the Partnership having the rights and
obligations specified for the General Partner Interest in this Agreement in exchange for (i) the issuance by the Partnership to CNX Gas of (a) 26,000,000 Common Units and (b) 3,000,000 Class B Units and (ii) an aggregate cash payment
by the Partnership to CNX Gas of $135 million (the “Cash Consideration”), in each case, in accordance with, and with the terms specified in, the Exchange Agreement; 

WHEREAS, pursuant to the Exchange Agreement, the Prior Agreement is required to be amended to reflect and implement the cancellation of the
Incentive Distribution Rights, the creation of the Class B Units and the conversion of the General Partner Interest (as defined in the Prior Agreement) into a non-economic general partner interest in the
Partnership; 
 WHEREAS, the General Partner desires to amend and restate the Prior Agreement in its entirety to provide for (i) the
cancellation of the Incentive Distribution Rights, (ii) the creation of the non-economic General Partner Interest, (iii) the establishment of Class B Units as a new class of Limited Partner
Interests, and (iv) such other changes as the General Partner has determined are necessary and appropriate and do not adversely affect the Limited Partners considered as a whole or any particular class of Partnership Interests as compared to
other classes of Partnership Interests in any material respect; 
 WHEREAS, Section 5.6 of the Prior Agreement
provides that the General Partner, without the approval of any Limited Partner, may issue additional Partnership Interests for any Partnership purpose at any time and from time to time to such Persons for such consideration and on such terms and
conditions as the General Partner shall determine in its sole discretion, without the approval of the Limited Partners; 

 WHEREAS, Section 13.1(g) of the Prior Agreement provides that the
General Partner, without the approval of any Limited Partner, may amend any provision of the Prior Agreement to reflect an amendment that the General Partner determines to be necessary, appropriate or advisable in connection with the authorization
or issuance of any class or series of Partnership Interests pursuant to Section 5.6 of the Prior Agreement; 

WHEREAS, Section 13.1(d)(i) of the Prior Agreement provides that the General Partner, without the approval of any
Limited Partner, may amend any provision of the Prior Agreement to reflect a change that the General Partner determines does not adversely affect the Limited Partners considered as a whole or any particular class of Partnership Interests as compared
to other classes of Partnership Interests in any material respect; and 
 WHEREAS, the General Partner has determined that the changes to
the Prior Agreement to be effected by this Agreement (a) do not adversely affect the Limited Partners considered as a whole or any particular class of Partnership Interests as compared to other classes of Partnership Interests in any material
respect, except for the General Partner, as the holder of the Incentive Distribution Rights and the General Partner Interest (as defined in the Prior Agreement), and the General Partner, in its capacity as the holder of the Incentive Distribution
Rights and the General Partner Interest (as defined in the Prior Agreement), has consented to and approved the changes with respect to the Incentive Distribution Rights and the General Partner Interest to be effected pursuant to this Amendment,
(b) are necessary and appropriate in connection with the authorization and issuance of the Class B Units pursuant to the Exchange Agreement, and/or (c) are amendments substantially similar to the foregoing. 

NOW, THEREFORE, the General Partner does hereby amend and restate the Prior Agreement, pursuant to its authority under
Section 13.1 of the Prior Agreement, to provide, in its entirety, as follows: 
 ARTICLE I 

DEFINITIONS 

Section 1.01 Definitions. The following definitions shall be for all purposes, unless otherwise clearly indicated to the contrary,
applied to the terms used in this Agreement. 
 “Adjusted Capital Account” means, with respect to any Partner, the
balance in such Partner’s Capital Account at the end of each taxable period of the Partnership after giving effect to the following adjustments: (a) credit to such Capital Account any amount which such Partner is (i) obligated to
restore under the standards set by Treasury Regulation Section 1.704-1(b)(2)(ii)(c) or (ii) deemed obligated to restore pursuant to the penultimate sentences of Treasury Regulation Sections 1.704-2(g)(1) and 1.704-2(i)(5) and (b) debit to such Capital Account the items described in Treasury Regulation Sections
1.704-1(b)(2)(ii)(d)(4), 1.704-1(b)(2)(ii)(d)(5) and 1.704-1(b)(2)(ii)(d)(6). The foregoing definition of Adjusted Capital
Account is intended to comply with the provisions of Treasury Regulation Section 1.704-1(b)(2)(ii)(d) and shall be interpreted consistently therewith. The “Adjusted Capital Account” of a Partner
in respect of any Partnership Interest shall be the amount that such Adjusted Capital Account would be if such Partnership Interest were the only interest in the Partnership held by such Partner from and after the date on which such Partnership
Interest was first issued. 

  
 2 

 “Adjusted Property” means any property the Carrying Value of which
has been adjusted pursuant to Section 5.05(d)(i) or Section 5.05(d)(ii). 

“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. 
 “Agreed
Allocation” means any allocation, other than a Required Allocation, of an item of income, gain, loss or deduction pursuant to the provisions of Section 6.01, including a Curative Allocation (if appropriate to
the context in which the term “Agreed Allocation” is used). 
 “Agreed Value” of (a) a Contributed
Property means the fair market value of such property or asset at the time of contribution and (b) an Adjusted Property means the fair market value of such Adjusted Property on the date of the Revaluation Event, in each case as determined by
the General Partner. The General Partner shall use such method as it determines to be appropriate to allocate the aggregate Agreed Value of Contributed Properties contributed to the Partnership in a single or integrated transaction among each
separate property on a basis proportional to the fair market value of each Contributed Property. 
 “Agreement”
means this Third Amended and Restated Agreement of Limited Partnership of CNX Midstream Partners LP, as it may be amended, supplemented or restated from time to time. 

“Associate” means, when used to indicate a relationship with any Person, (a) any corporation or organization of
which such Person is a director, officer, manager, general partner or managing member or is, directly or indirectly, the owner of 20% or more of any class of voting stock or other voting interest, (b) any trust or other estate in which such
Person has at least a 20% beneficial interest or as to which such Person serves as trustee or in a similar fiduciary capacity and (c) any relative or spouse of such Person, or any relative of such spouse, who has the same principal residence as
such Person. 
 “Available Cash” means, with respect to any Quarter ending prior to the Liquidation Date: 

(a) the sum of: 
 (i) all cash
and cash equivalents of the Partnership Group (or the Partnership’s proportionate share of cash and cash equivalents in the case of Subsidiaries that are not wholly owned) on hand at the end of such Quarter; and 

(ii) if the General Partner so determines, all or any portion of additional cash and cash equivalents of the Partnership Group (or the
Partnership’s proportionate share of cash and cash equivalents in the case of Subsidiaries that are not wholly owned) on hand on the date of determination of Available Cash with respect to such Quarter resulting from Working Capital Borrowings
made subsequent to the end of such Quarter; less 

  
 3 

 (b) the amount of any cash reserves established by the General Partner (or the
Partnership’s proportionate share of cash reserves in the case of Subsidiaries that are not wholly owned) to: 
 (i) provide for the
proper conduct of the business of the Partnership Group (including reserves for future capital expenditures and for anticipated future credit needs of the Partnership Group) subsequent to such Quarter; 

(ii) comply with applicable law or any loan agreement, security agreement, mortgage, debt instrument or other agreement or obligation to which
any Group Member is a party or by which it is bound or its assets are subject; or 
 (iii) provide funds for distributions under
Section 6.04 in respect of any one or more of the next four Quarters; 
 provided, however, that disbursements made
by a Group Member or cash reserves established, increased or reduced after the end of such Quarter but on or before the date of determination of Available Cash with respect to such Quarter shall be deemed to have been made, established, increased or
reduced, for purposes of determining Available Cash within such Quarter if the General Partner so determines. 
 Notwithstanding the
foregoing, “Available Cash” with respect to the Quarter in which the Liquidation Date occurs and any subsequent Quarter shall equal zero. 

“Board of Directors” means, with respect to the General Partner, its board of directors or board of managers if the
General Partner is a corporation or limited liability company, or the board of directors or board of managers of the general partner of the General Partner if the General Partner is a limited partnership, as applicable. 

“Book-Tax Disparity” means with respect to any item of Contributed Property or
Adjusted Property, as of the date of any determination, the difference between the Carrying Value of such Contributed Property or Adjusted Property and the adjusted basis thereof for federal income tax purposes as of such date. A Partner’s
share of the Partnership’s Book-Tax Disparities in all of its Contributed Property and Adjusted Property will be reflected by the difference between such Partner’s Capital Account balance as
maintained pursuant to Section 5.05 and the hypothetical balance of such Partner’s Capital Account computed as if it had been maintained strictly in accordance with federal income tax accounting principles. 

“Business Day” means Monday through Friday of each week, except that a legal holiday recognized as such by the
government of the United States of America or the States of Pennsylvania or Texas shall not be regarded as a Business Day. 

“Capital Account” means the capital account maintained for a Partner pursuant to
Section 5.05. The “Capital Account” of a Partner in respect of any Partnership Interest shall be the amount that such Capital Account would be if such Partnership Interest were the only interest in the Partnership
held by such Partner from and after the date on which such Partnership Interest was first issued. 

  
 4 

 “Capital Contribution” means (a) any cash, cash equivalents or
the Net Agreed Value of Contributed Property that a Partner contributes to the Partnership or that is contributed or deemed contributed to the Partnership on behalf of a Partner (including, in the case of an underwritten offering of Units, the
amount of any underwriting discounts or commissions) or (b) current distributions that a Partner is entitled to receive but otherwise waives. 

“Carrying Value” means (a) with respect to a Contributed Property or an Adjusted Property, the Agreed Value of
such property reduced (but not below zero) by all depreciation, amortization and other cost recovery deductions charged to the Partners’ Capital Accounts in respect of such property and (b) with respect to any other Partnership property,
the adjusted basis of such property for federal income tax purposes, all as of the time of determination; provided, however, that the Carrying Value of any property shall be adjusted from time to time in accordance with
Section 5.05(d) to reflect changes, additions or other adjustments to the Carrying Value for dispositions and acquisitions of Partnership properties, as deemed appropriate by the General Partner. 

“Cash Consideration” has the meaning given such term in the recitals to this Agreement. 

“Cause” means a court of competent jurisdiction has entered a final,
non-appealable judgment finding the General Partner liable to the Partnership or any Limited Partner for actual fraud or willful misconduct in its capacity as a general partner of the Partnership. 

“Certificate” means a certificate, in such form (including in global form if permitted by applicable rules and
regulations of The Depository Trust Company or its successors and assigns) as may be adopted by the General Partner, issued by the Partnership and evidencing ownership of one or more classes of Partnership Interests. The form of certificate approved
as of the date of this Agreement by the General Partner for Common Units is attached as Exhibit A to this Agreement. 

“Certificate of Limited Partnership” means the Certificate of Limited Partnership of the Partnership filed with the
Secretary of State of the State of Delaware as referenced in Section 7.02, as such Certificate of Limited Partnership may be amended, supplemented or restated from time to time. 

“Change of Control” means the consummation of any transaction or series of related transactions pursuant to which a
Person or Group (other than CNX or any of its Affiliates) would acquire, whether by way of merger, consolidation, acquisition or otherwise, (a) a majority of the Partnership’s outstanding Common Units or (b) all or substantially all
of the assets of the Partnership and its Subsidiaries for cash. 
 “Citizenship Eligibility Trigger” has the meaning
given such term in Section 4.09(a). 
 “claim” or “claims” (for
purposes of Section 7.12(g)) has the meaning given such term in Section 7.12(g)(i). 

“Class B Cancellation Event” means a merger, consolidation, acquisition or any
other transaction pursuant to which CNX or any of its Affiliates would acquire all of the Partnership’s outstanding Common Units. 

  
 5 

 “Class B Conversion Date” means
January 1, 2022. 
 “Class B Units” means a Limited Partner Interest having
the rights and obligations specified with respect to Class B Units in this Agreement. 
 “Closing Date” means
the first date on which Common Units were sold by the Partnership to the IPO Underwriters pursuant to the provisions of the IPO Underwriting Agreement. 

“Closing Price” for any day, with respect to Limited Partner Interests of a particular class, means the last sale
price on such day, regular way, or in case no such sale takes place on such day, the average of the last closing bid and ask prices on such day, regular way, in either case as reported on the principal National Securities Exchange on which such
Limited Partner Interests are listed or admitted to trading or, if such Limited Partner Interests of such class are not listed or admitted to trading on any National Securities Exchange, the average of the high bid and low ask prices on such day in
the over-the-counter market, as reported by such other system then in use, or, if on any such day such Limited Partner Interests of such class are not quoted by any such
organization, the average of the closing bid and ask prices on such day as furnished by a professional market maker making a market in such Limited Partner Interests of such class selected by the General Partner, or if on any such day no market
maker is making a market in such Limited Partner Interests of such class, the fair value of such Limited Partner Interests on such day as determined by the General Partner. 

“CNX” means CNX Resources Corporation, a Delaware corporation. 

“CNX Gas” has the meaning given such term in the recitals to this Agreement. 

“Code” means the Internal Revenue Code of 1986, as amended and in effect from time to time. Any reference herein to a
specific Section or sections of the Code shall be deemed to include a reference to any corresponding provision of any successor law. 

“Combined Interest” has the meaning given such term in Section 11.03(a). 

“Commission” means the United States Securities and Exchange Commission. 

“Common Unit” means a Limited Partner Interest having the rights and obligations specified with respect to Common
Units in this Agreement. The term “Common Unit” does not include a Class B Unit prior to its conversion into a Common Unit pursuant to the terms hereof. 

“CONE Gathering” means CONE Gathering LLC, a Delaware limited liability company, or its successor. 

“Conflicts Committee” means a committee of the Board of Directors composed of two or more directors, each of whom
(a) is not an officer or employee of the General Partner, (b) is not an officer, director or employee of any Affiliate of the General Partner (other than Group Members), (c) is not a holder of any ownership interest in the General Partner
or its Affiliates or the Partnership Group other than (i) Common Units and (ii) awards that are granted to such director in his or her capacity as a director under any long-term incentive plan, equity compensation plan or similar plan
implemented by the General Partner or the Partnership and (d) is determined by the 

  
 6 

 
Board of Directors to be independent under the independence standards for directors who serve on an audit committee of a board of directors established by the Exchange Act and the rules and
regulations of the Commission thereunder and by the National Securities Exchange on which the Common Units are listed or admitted to trading (or if no such National Securities Exchange, the New York Stock Exchange). 

“Contributed Property” means each property or other asset, in such form as may be permitted by the Delaware Act, but
excluding cash, contributed to the Partnership. Once the Carrying Value of a Contributed Property is adjusted pursuant to Section 5.05(d), such property or other asset shall no longer constitute a Contributed Property, but
shall be deemed an Adjusted Property. 
 “Contribution Agreement” means that certain Contribution, Conveyance and
Assumption Agreement, dated as of September 30, 2014, by and among the General Partner, the Partnership, the Operating Company, and the other entities party thereto together with the additional conveyance documents and instruments contemplated
or referenced thereunder, as such may be amended, supplemented or restated from time to time. 
 “Converted
Class B Units” has the meaning given such term in Section 6.01(d)(x)(A). 

“Curative Allocation” means any allocation of an item of income, gain, deduction, loss or credit pursuant to the
provisions of Section 6.01(d)(xi). 
 “Current Market Price” means, as of any date for any
class of Limited Partner Interests, the average of the daily Closing Prices per Limited Partner Interest of such class for the 20 consecutive Trading Days immediately prior to such date. 

“Delaware Act” means the Delaware Revised Uniform Limited Partnership Act, 6 Del C.
Section 17-101, et seq., as amended, supplemented or restated from time to time, and any successor to such statute. 

“Departing General Partner” means a former General Partner from and after the effective date of any withdrawal or
removal of such former General Partner pursuant to Section 11.01 or Section 11.02. 

“Derivative Partnership Interests” means any options, rights, warrants, appreciation rights, tracking, profit and
phantom interests and other derivative securities relating to, convertible into or exchangeable for Partnership Interests. 

“Economic Risk of Loss” has the meaning set forth in Treasury Regulation Section 1.752-2(a). 
 “Eligibility Certificate” has the meaning given such term in
Section 4.09(b). 
 “Eligible Holder” means a Limited Partner whose, or whose owners’
(a) U.S. federal income tax status or lack of proof of U.S. federal income tax status does not have and is not reasonably likely to have, as determined by the General Partner, the material adverse effect described in
Section 4.09(a)(i) or (b) nationality, citizenship or other related status does not create and is not reasonably likely to create, as determined by the General Partner, a substantial risk of cancellation or
forfeiture as described in Section 4.09(a)(ii). 

  
 7 

 “Event Issue Value” means, with respect to any Common Unit as of any
date of determination, (i) in the case of a Revaluation Event that includes the issuance of Common Units pursuant to a public offering and solely for cash, the price paid for such Common Units (before deduction for any underwriters’
discounts and commissions), or (ii) in the case of any other Revaluation Event, the Closing Price of the Common Units on the date of such Revaluation Event or, if the General Partner determines that a value for the Common Unit other than such
Closing Price more accurately reflects the Event Issue Value, the value determined by the General Partner. 
 “Event of
Withdrawal” has the meaning given such term in Section 11.01(a). 
 “Excess
Distribution” has the meaning given such term in Section 6.01(d)(iii). 
 “Excess
Distribution Unit” has the meaning given such term in Section 6.01(d)(iii). 

“Exchange” has the meaning given such term in Section 5.01. 

“Exchange Act” means the Securities Exchange Act of 1934, as amended, supplemented or restated from time to time, and
any successor to such statute. 
 “Exchange Agreement” has the meaning given such term in the recitals to this
Agreement. 
 “First A&R Partnership Agreement” has the meaning given such term in the recitals to this
Agreement. 
 “General Partner” means CNX Midstream GP LLC, a Delaware limited liability company, and its successors
and permitted assigns that are admitted to the Partnership as general partner of the Partnership, in its capacity as general partner of the Partnership (except as the context otherwise requires). 

“General Partner Interest” means the non-economic management interest of the
General Partner in the Partnership (in its capacity as a general partner without reference to any Limited Partner Interest held by it) and includes any and all rights, powers and benefits to which the General Partner is entitled as provided in this
Agreement, together with all obligations of the General Partner to comply with the terms and provisions of this Agreement. The General Partner Interest does not include any rights to receive distributions of Available Cash or distributions upon the
dissolution and liquidation or winding-up of the Partnership. 
 “Gross Liability
Value” means, with respect to any Liability of the Partnership described in Treasury Regulation Section 1.752-7(b)(3)(i), the amount of cash that a willing assignor would pay to a willing
assignee to assume such Liability in an arm’s-length transaction. 

“Group” means two or more Persons that have, or with or through any of their respective Affiliates or Associates have,
any contract, arrangement, understanding or relationship for the purpose of acquiring, holding, voting (except voting pursuant to a revocable proxy or consent given to such Person in response to a proxy or consent solicitation made to 10 or more
Persons), exercising investment power over or disposing of any Partnership Interests. 

  
 8 

 “Group Member” means a member of the Partnership Group. 

“Group Member Agreement” means the partnership agreement of any Group Member, other than the Partnership, that is a
limited or general partnership, the limited liability company agreement of any Group Member that is a limited liability company, the certificate of incorporation and bylaws or similar organizational documents of any Group Member that is a
corporation, the joint venture agreement or similar governing document of any Group Member that is a joint venture and the governing or organizational or similar documents of any other Group Member that is a Person other than a limited or general
partnership, limited liability company, corporation or joint venture, in each case, as such may be amended, supplemented or restated from time to time. 

“Holder” means any of the following: 

(a) the General Partner who is the Record Holder of Registrable Securities; 

(b) any Affiliate of the General Partner who is the Record Holder of Registrable Securities (other than natural persons who are Affiliates of
the General Partner by virtue of being officers, directors or employees of the General Partner or any of its Affiliates); 
 (c) any Person
who has been the General Partner within the prior two years and who is the Record Holder of Registrable Securities; 
 (d) any Person who has
been an Affiliate of the General Partner within the prior two years and who is the Record Holder of Registrable Securities (other than natural persons who were Affiliates of the General Partner by virtue of being officers, directors or employees of
the General Partner or any of its Affiliates); and 
 (e) a transferee and current Record Holder of Registrable Securities to whom the
transferor of such Registrable Securities, who was a Holder at the time of such transfer, assigns its rights and obligations under this Agreement; provided, such transferee agrees in writing to be bound by the terms of this Agreement and
provides its name and address to the Partnership promptly upon such transfer. 
 “Incentive Distribution Right”
means a Limited Partner Interest having the rights and obligations specified with respect to Incentive Distribution Rights in the Prior Agreement. 

“Indemnified Persons” has the meaning given such term in Section 7.12(g)(i). 

“Indemnitee” means (a) the General Partner, (b) any Departing General Partner, (c) any Person who is or
was an Affiliate of the General Partner or any Departing General Partner, (d) any Person who is or was a manager, managing member, general partner, director, officer, fiduciary or trustee of (i) any Group Member, the General Partner or any
Departing General Partner or (ii) any Affiliate of any Group Member, the General Partner or any Departing General Partner, (e) any Person who is or was serving at the request of the General Partner or any Departing General Partner or any
Affiliate of the General Partner or any Departing General Partner as a manager, managing 

  
 9 

 
member, general partner, director, officer, fiduciary or trustee of another Person owing a fiduciary duty to any Group Member; provided, that a Person shall not be an Indemnitee by reason
of providing, on a fee-for-services basis, trustee, fiduciary or custodial services and (f) any Person the General Partner designates as an “Indemnitee”
for purposes of this Agreement because such Person’s status, service or relationship exposes such Person to potential claims, demands, suits or proceedings relating to the Partnership Group’s business and affairs. 

“Ineligible Holder” has the meaning given such term in Section 4.09(c). 

“Initial Common Units” means the Common Units sold in the Initial Public Offering. 

“Initial Public Offering” means the initial offering and sale of Common Units to the public (including the offer and
sale of Common Units pursuant to the Over-Allotment Option), as described in the IPO Registration Statement. 
 “IPO Registration
Statement” means the Registration Statement on Form S-1 (File No. 333-198352), as it has been amended or supplemented from time to time, filed by the
Partnership with the Commission under the Securities Act to register the offering and sale of the Common Units in the Initial Public Offering. 

“IPO Underwriter” means each Person named as an underwriter in Exhibit A to the IPO Underwriting Agreement who
purchased Common Units pursuant thereto. 
 “IPO Underwriting Agreement” means that certain Underwriting Agreement
dated as of September 24, 2014 among the IPO Underwriters, CONE Gathering, the General Partner and the Partnership, providing for the purchase of Common Units by the IPO Underwriters. 

“Liability” means any liability or obligation of any nature, whether accrued, contingent or otherwise. 

“Limited Partner” means, unless the context otherwise requires, each existing Limited Partner, each additional Person
that becomes a Limited Partner pursuant to the terms of this Agreement and any Departing General Partner upon the change of its status from General Partner to Limited Partner pursuant to Section 11.03, in each case, in such
Person’s capacity as a limited partner of the Partnership. 
 “Limited Partner Interest” means an equity
interest of a Limited Partner in the Partnership, which may be evidenced by Common Units, Class B Units or other Partnership Interests or a combination thereof (but excluding Derivative Partnership Interests), and includes any and all benefits
to which such Limited Partner is entitled as provided in this Agreement, together with all obligations of such Limited Partner pursuant to the terms and provisions of this Agreement. 

“Liquidation Date” means (a) in the case of an event giving rise to the dissolution of the Partnership of the
type described in clauses (a) and (d) of the third sentence of Section 12.01, the date on which the applicable time period during which the holders of Outstanding Units have the right to elect to continue
the business of the Partnership has expired without such an election being made and (b) in the case of any other event giving rise to the dissolution of the Partnership, the date on which such event occurs. 

  
 10 

 “Liquidator” means one or more Persons selected pursuant to
Section 12.03 to perform the functions described in Section 12.04 as liquidating trustee of the Partnership within the meaning of the Delaware Act. 

“Merger Agreement” has the meaning given such term in Section 14.01. 

“National Securities Exchange” means an exchange registered with the Commission under Section 6(a) of the
Exchange Act (or any successor to such Section). 
 “Net Agreed Value” means (a) in the case of any Contributed
Property, the Agreed Value of such property or other asset reduced by any Liabilities either assumed by the Partnership upon such contribution or to which such property or other asset is subject when contributed and (b) in the case of any
property distributed to a Partner by the Partnership, the Partnership’s Carrying Value of such property (as adjusted pursuant to Section 5.05(d)(ii)) at the time such property is distributed, reduced by any Liabilities
either assumed by such Partner upon such distribution or to which such property is subject at the time of distribution, in either case as determined and required by the Treasury Regulations promulgated under Section 704(b) of the Code. 

“Net Income” means, for any taxable period, the excess, if any, of the Partnership’s items of income and gain for
such taxable period over the Partnership’s items of loss and deduction for such taxable period. The items included in the calculation of Net Income shall be determined in accordance with Section 5.05(b) but shall not
include any items specially allocated under Section 6.01(d). 
 “Net Loss” means, for any
taxable period, the excess, if any, of the Partnership’s items of loss and deduction for such taxable period over the Partnership’s items of income and gain for such taxable period. The items included in the calculation of Net Loss shall
be determined in accordance with Section 5.05(b) and shall not include any items specially allocated under Section 6.01(d). 

“Noncompensatory Option” has the meaning set forth in Treasury Regulation
Section 1.721-2(f). 
 “Nonrecourse Built-in
Gain” means with respect to any Contributed Properties or Adjusted Properties that are subject to a mortgage or pledge securing a Nonrecourse Liability, the amount of any taxable gain that would be allocated to the Partners pursuant to
Section 6.02(b) if such properties were disposed of in a taxable transaction in full satisfaction of such liabilities and for no other consideration. 

“Nonrecourse Deductions” means any and all items of loss, deduction or expenditure (including any expenditure
described in Section 705(a) (2)(B) of the Code) that, in accordance with the principles of Treasury Regulation Section 1.704-2(b), are attributable to a Nonrecourse Liability. 

“Nonrecourse Liability” has the meaning set forth in Treasury Regulation
Section 1.752-1(a)(2). 

  
 11 

 “Notice” means a written request from a Holder pursuant to
Section 7.12 which shall (a) specify the Registrable Securities intended to be registered, offered and sold by such Holder, (b) describe the nature or method of the proposed offer and sale of Registrable
Securities and (c) contain the undertaking of such Holder to provide all such information and materials and take all action as may be required or appropriate in order to permit the Partnership to comply with all applicable requirements and
obligations in connection with the registration and disposition of such Registrable Securities pursuant to Section 7.12. 

“Notice of Election to Purchase” has the meaning given such term in Section 15.01(b). 

“Omnibus Agreement” means that certain Omnibus Agreement, dated as of September 30, 2014, among the General
Partner, the Partnership, the Operating Company and the other entities party thereto, as such agreement may be amended, supplemented or restated from time to time. 

“Operating Company” means CONE Midstream Operating LLC, a Delaware limited liability company, and any successors
thereto. 
 “Operational Services Agreement” means that certain Operational Services Agreement, dated as of
September 30, 2014, among the Partnership and CNX Gas, as such agreement may be amended, supplemented or restated from time to time. 

“Opinion of Counsel” means a written opinion of counsel (who may be regular counsel to the Partnership or the General
Partner or any of its Affiliates) acceptable to the General Partner or to such other person selecting such counsel or obtaining such opinion. 

“Organizational Limited Partner” means CONE Gathering in its capacity as the organizational limited partner of the
Partnership pursuant to the Prior Agreement. 
 “Outstanding” means, with respect to Partnership Interests, all
Partnership Interests that are issued by the Partnership and reflected as outstanding in the Partnership Register as of the date of determination; provided, however, that if at any time any Person or Group (other than the General
Partner or its Affiliates) beneficially owns 20% or more of the Outstanding Partnership Interests of any class, all Partnership Interests owned by or for the benefit of such Person or Group shall not be entitled to be voted on any matter and shall
not be considered to be Outstanding when sending notices of a meeting of Limited Partners to vote on any matter (unless otherwise required by law), calculating required votes, determining the presence of a quorum or for other similar purposes under
this Agreement, except that Partnership Interests so owned shall be considered to be Outstanding for purposes of Section 11.1(b)(iv) (such Partnership Interests shall not, however, be treated as a separate class of
Partnership Interests for purposes of this Agreement or the Delaware Act); provided, further, that the foregoing limitation shall not apply to (i) any Person or Group who acquired 20% or more of the Outstanding Partnership
Interests of any class directly from the General Partner or its Affiliates (other than the Partnership), (ii) any Person or Group who acquired 20% or more of the Outstanding Partnership Interests of any class directly or indirectly from a Person or
Group described in clause (i), provided, that, upon or prior to such acquisition, the General Partner shall have notified such Person or Group in writing that such limitation shall not apply, or (iii) any Person
or Group who acquired 20% or more of any Partnership Interests issued by the Partnership with the prior approval of the Board of Directors. 

  
 12 

 “Over-Allotment Option” means the option to purchase additional
Common Units granted to the IPO Underwriters by the Partnership pursuant to the IPO Underwriting Agreement. 
 “Partner
Nonrecourse Debt” has the meaning set forth in Treasury Regulation Section 1.704-2(b)(4). 

“Partner Nonrecourse Debt Minimum Gain” has the meaning set forth in Treasury Regulation Section 1.704-2(i)(2). 
 “Partner Nonrecourse Deductions” means any and all
items of loss, deduction or expenditure (including any expenditure described in Section 705(a)(2)(B) of the Code) that, in accordance with the principles of Treasury Regulation Section 1.704-2(i),
are attributable to a Partner Nonrecourse Debt. 
 “Partners” means the General Partner and the Limited Partners.

 “Partnership” means CNX Midstream Partners LP, a Delaware limited partnership. 

“Partnership Group” means, collectively, the Partnership and its Subsidiaries. 

“Partnership Interest” means any equity interest, including any class or series of equity interest, in the
Partnership, which shall include any Limited Partner Interests and the General Partner Interest but shall exclude any Derivative Partnership Interests. 

“Partnership Minimum Gain” means that amount determined in accordance with the principles of Treasury Regulation
Sections 1.704-2(b)(2) and 1.704-2(d). 

“Partnership Register” means a register maintained on behalf of the Partnership by the General Partner, or, if the
General Partner so determines, by the Transfer Agent as part of the Transfer Agent’s books and transfer records, with respect to each class of Partnership Interests in which all Record Holders and transfers of such class of Partnership
Interests are registered or otherwise recorded. 
 “Partnership Representative” has the meaning given such term in
Section 9.03(b). 
 “Per Unit Capital Amount” means, as of any date of determination, the
Capital Account, stated on a per Unit basis, underlying any Unit held by a Person other than the General Partner or any Affiliate of the General Partner who holds Units. 

“Percentage Interest” means, as of any date of determination, (a) as to any Unitholder with respect to Units, the
product obtained by multiplying (i) 100% less the percentage applicable to clause (b) below by (ii) the quotient obtained by dividing (A) the number of Units held by such Unitholder by (B) the total number of
Outstanding Units, and (b) as to the holders of other Partnership Interests issued by the Partnership in accordance with Section 5.06, the percentage calculated in accordance with the method established as a part of
such issuance. The Percentage Interest with respect to the General Partner Interest and the Class B Units shall at all times be zero. 

  
 13 

 “Person” means an individual or a corporation, firm, limited
liability company, partnership, joint venture, trust, estate, unincorporated organization, association, government agency or political subdivision thereof or other entity. 

“Plan of Conversion” has the meaning given such term in Section 14.01. 

“Prior Agreement” has the meaning given such term in the recitals to this Agreement. 

“Pro Rata” means (a) when used with respect to Units or any class thereof, apportioned among all designated Units
in accordance with their relative Percentage Interests, (b) when used with respect to Partners or Record Holders, apportioned among all Partners or Record Holders in accordance with their relative Percentage Interests and (c) when used
with respect to Holders who have requested to include Registrable Securities in a Registration Statement pursuant to Section 7.12(a) or Section 7.12(b), apportioned among all such Holders in
accordance with the relative number of Registrable Securities held by each such holder and included in the Notice relating to such request. 

“Purchase Date” means the date determined by the General Partner as the date for purchase of all Outstanding Limited
Partner Interests of a certain class (other than Limited Partner Interests owned by the General Partner and its Affiliates) pursuant to Article XV. 

“Quarter” means, unless the context requires otherwise, a fiscal quarter of the Partnership. 

“Rate Eligibility Trigger” has the meaning given such term in Section 4.09(a). 

“Recapture Income” means any gain recognized by the Partnership (computed without regard to any adjustment required by
Section 734 or Section 743 of the Code) upon the disposition of any property or asset of the Partnership, which gain is characterized as ordinary income because it represents the recapture of deductions previously taken with respect to
such property or asset. 
 “Record Date” means the date established by the General Partner or otherwise in
accordance with this Agreement for determining (a) the identity of the Record Holders entitled to receive notice of, or entitled to exercise rights in respect of, any lawful action of Limited Partners (including voting) or (b) the identity
of Record Holders entitled to receive any report or distribution or to participate in any offer. 
 “Record Holder”
means (a) with respect to any class of Partnership Interests for which a Transfer Agent has been appointed, the Person in whose name a Partnership Interest of such class is registered in the records of the Transfer Agent and in the Partnership
Register as of the Partnership’s close of business on a particular Business Day or (b) with respect to other classes of Partnership Interests, the Person in whose name any such other Partnership Interest is registered in the Partnership
Register that the General Partner has caused to be kept as of the Partnership’s close of business on a particular Business Day. 

“Redeemable Interests” means any Limited Partner Interests subject to redemption pursuant to amendments adopted by the
General Partner pursuant to Section 4.09. 

  
 14 

 “Registrable Security” means any Partnership Interest other than the
General Partner Interest; provided, however, that any Registrable Security shall cease to be a Registrable Security: (a) at the time a Registration Statement covering such Registrable Security is declared effective by the
Commission, or otherwise becomes effective under the Securities Act, and such Registrable Security has been sold or disposed of pursuant to such Registration Statement; (b) at the time such Registrable Security may be disposed of pursuant to
Rule 144 (or any successor or similar rule or regulation under the Securities Act); (c) when such Registrable Security is held by a Group Member and (d) at the time such Registrable Security has been sold in a private transaction in which the
transferor’s rights under Section 7.12 of this Agreement have not been assigned to the transferee of such securities. 

“Registration Statement” has the meaning given such term in Section 7.12(a) of this
Agreement. 
 “Required Allocations” means any allocation of an item of income, gain, loss or deduction pursuant to
Section 6.01(d)(i), Section 6.01(d)(ii), Section 6.01(d)(iv), Section 6.01(d)(v), Section 6.01(d)(vi),
Section 6.01(d)(vii) or Section 6.01(d)(ix). 
 “Retained Converted
Class B Units” has the meaning given such term in Section 5.05(c)(ii) of this Agreement. 

“Revaluation Event” means an event that results in adjustment of the Carrying Value of each Partnership property
pursuant to Section 5.05(d). 
 “Securities Act” means the Securities Act of 1933, as
amended, supplemented or restated from time to time, and any successor to such statute. 
 “Selling Holder” means a
Holder who is selling Registrable Securities pursuant to the procedures in Section 7.12 of this Agreement. 

“Special Approval” means approval by a majority of the members of the Conflicts Committee acting in good faith. 

“Sponsor Common Unit” means any Common Unit (other than a Converted Class B Unit) owned by the General Partner or
its Affiliates. 
 “Subsidiary” means, with respect to any Person, (a) a corporation of which more than 50% of
the voting power of shares entitled (without regard to the occurrence of any contingency) to vote in the election of directors or other governing body of such corporation is owned, directly or indirectly, at the date of determination, by such
Person, by one or more Subsidiaries of such Person or a combination thereof, (b) a partnership (whether general or limited) in which such Person or a Subsidiary of such Person is, at the date of determination, a general or limited partner of
such partnership, but only if more than 50% of the general partner interests of such partnership is owned, directly or indirectly, at the date of determination, by such Person, by one or more Subsidiaries of such Person or a combination thereof or
(c) any other Person (other than a corporation or a partnership) in which such Person, one or more Subsidiaries of such Person, or a combination thereof, directly or indirectly, at the date of determination, has (i) at least a majority
ownership interest or (ii) the power to elect or direct the election of a majority of the directors or other governing body of such Person. 

  
 15 

 “Surviving Business Entity” has the meaning given such term in
Section 14.02(b). 
 “Tax Matters Partner” has the meaning given such term in
Section 9.03(a). 
 “Trading Day” means a day on which the principal National Securities
Exchange on which the referenced Partnership Interests of any class are listed or admitted to trading is open for the transaction of business or, if such Partnership Interests are not listed or admitted to trading on any National Securities
Exchange, a day on which banking institutions in New York City are not legally required to be closed. 
 “Transaction
Documents” has the meaning given such term in Section 7.01(b). 
 “transfer”
has the meaning given such term in Section 4.04(a). 
 “Transfer Agent” means such bank,
trust company or other Person (including the General Partner or one of its Affiliates) as may be appointed from time to time by the General Partner to act as registrar and transfer agent for any class of Partnership Interests in accordance with the
Exchange Act and the rules of the National Securities Exchange on which such Partnership Interests are listed or admitted to trading (if any); provided, however, that, if no such Person is appointed as registrar and transfer agent for
any class of Partnership Interests, the General Partner shall act as registrar and transfer agent for such class of Partnership Interests. 

“Treasury Regulation” means the United States Treasury regulations promulgated under the Code. 

“Underwritten Offering” means (a) an offering pursuant to a Registration Statement in which Partnership Interests
are sold to an underwriter on a firm commitment basis for reoffering to the public (other than the Initial Public Offering), (b) an offering of Partnership Interests pursuant to a Registration Statement that is a “bought deal” with one or
more investment banks and (c) an “at-the-market” offering pursuant to a Registration Statement in which Partnership Interests are sold to the public
through one or more investment banks or managers on a best efforts basis. 
 “Unit” means a Partnership Interest
that is designated by the General Partner as a “Unit” and shall include Common Units and Class B Units but shall not include the General Partner Interest. 

“Unit Majority” means at least a majority of the Outstanding Common Units and Class B Units, if any, voting as a
single class. 
 “Unitholders” means the Record Holders of Units. 

“Unrealized Gain” attributable to any item of Partnership property means, as of any date of determination, the excess,
if any, of (a) the fair market value of such property as of such date (as determined under Section 5.05(d)) over (b) the Carrying Value of such property as of such date (prior to any adjustment to be made pursuant
to Section 5.05(d) as of such date). 

  
 16 

 “Unrealized Loss” attributable to any item of Partnership property
means, as of any date of determination, the excess, if any, of (a) the Carrying Value of such property as of such date (prior to any adjustment to be made pursuant to Section 5.05(d) as of such date) over (b) the
fair market value of such property as of such date (as determined under Section 5.05(d)). 

“Unrestricted Person” means (a) each Indemnitee, (b) each Partner, (c) each Person who is or was a
member, partner, director, officer, employee or agent of any Group Member, a General Partner or any Departing General Partner or any Affiliate of any Group Member, a General Partner or any Departing General Partner and (d) any Person the
General Partner designates as an “Unrestricted Person” for purposes of this Agreement from time to time. 
 “U.S.
GAAP” means United States generally accepted accounting principles, as in effect from time to time, consistently applied. 

“Withdrawal Opinion of Counsel” has the meaning given such term in Section 11.01(b). 

“Working Capital Borrowings” means borrowings incurred pursuant to a credit facility, commercial paper facility or
similar financing arrangement that are used solely for working capital purposes or to pay distributions to the Partners; provided that when such borrowings are incurred it is the intent of the borrower to repay such borrowings within twelve months
from the date of such borrowings other than from additional Working Capital Borrowings. 
 Section 1.02 Construction. Unless the
context requires otherwise: (a) any pronoun used in this Agreement shall include the corresponding masculine, feminine or neuter forms, and the singular form of nouns, pronouns and verbs shall include the plural and vice versa;
(b) references to Articles and Sections refer to Articles and Sections of this Agreement; (c) the terms “include,” “includes,” “including” or words of like import shall be deemed to be followed by the words
“without limitation” and (d) the terms “hereof,” “herein” or “hereunder” refer to this Agreement as a whole and not to any particular provision of this Agreement. The table of contents and headings
contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement. The General Partner has the power to construe and interpret this Agreement and to act upon any such
construction or interpretation. To the fullest extent permitted by law, any construction or interpretation of this Agreement by the General Partner, any action taken pursuant thereto and any determination made by the General Partner in good faith
shall, in each case, be conclusive and binding on all Record Holders, each other Person or Group who acquires an interest in a Partnership Interest and all other Persons for all purposes. 

ARTICLE II 
 ORGANIZATION

 Section 2.01 Formation. The Partnership was formed as a limited partnership pursuant to the provisions of the Delaware
Act, and the General Partner hereby amends and restates the Prior Agreement in its entirety. This amendment and restatement shall become effective on the date of this Agreement. Except as expressly provided to the contrary in this Agreement, the
rights, duties, liabilities and obligations of the Partners and the administration, dissolution and termination of the Partnership shall be governed by the Delaware Act. All Partnership Interests shall constitute personal property of the owner
thereof for all purposes. 

  
 17 

 Section 2.02 Name. The name of the Partnership shall be “CNX Midstream
Partners LP”. Subject to applicable law, the Partnership’s business may be conducted under any other name or names as determined by the General Partner, including the name of the General Partner. The words “Limited Partnership,”
“L.P.,” “Ltd.” or similar words or letters shall be included in the Partnership’s name where necessary for the purpose of complying with the laws of any jurisdiction that so requires. The General Partner may change the name
of the Partnership at any time and from time to time and shall notify the Limited Partners of such change in the next regular communication to the Limited Partners. 

Section 2.03 Registered Office; Registered Agent; Principal Office; Other Offices. Unless and until changed by the General
Partner, the registered office of the Partnership in the State of Delaware shall be located at 1209 Orange Street, Wilmington, New Castle County, Delaware 19801, and the registered agent for service of process on the Partnership in the State of
Delaware at such registered office shall be The Corporation Trust Company. The principal office of the Partnership shall be located at CNX Center, 1000 CONSOL Energy Drive, Suite 400, Canonsburg, Pennsylvania 15317, or such other place as the
General Partner may from time to time designate by notice to the Limited Partners. The Partnership may maintain offices at such other place or places within or outside the State of Delaware as the General Partner determines to be necessary or
appropriate. The address of the General Partner shall be CNX Center, 1000 CONSOL Energy Drive, Suite 400, Canonsburg, Pennsylvania 15317, or such other place as the General Partner may from time to time designate by notice to the Limited Partners.

 Section 2.04 Purpose and Business. The purpose and nature of the business to be conducted by the Partnership shall be to
(a) engage directly in, or enter into or form, hold and dispose of any corporation, partnership, joint venture, limited liability company or other arrangement to engage indirectly in, any business activity that is approved by the General
Partner and that lawfully may be conducted by a limited partnership organized pursuant to the Delaware Act and, in connection therewith, to exercise all of the rights and powers conferred upon the Partnership pursuant to the agreements relating to
such business activity and (b) do anything necessary or appropriate in furtherance of the foregoing, including the making of capital contributions or loans to a Group Member; provided, however, that the General Partner shall not
cause the Partnership to engage, directly or indirectly, in any business activity that the General Partner determines would be reasonably likely to cause the Partnership to be treated as an association taxable as a corporation or otherwise taxable
as an entity for federal income tax purposes. To the fullest extent permitted by law, the General Partner shall have no duty or obligation to propose or approve the conduct by the Partnership of any business and may decline to do so free of any
fiduciary duty or obligation whatsoever to the Partnership or any Limited Partner and, in declining to so propose or approve, shall not be required to act in good faith or pursuant to any other standard imposed by this Agreement, any Group Member
Agreement, any other agreement contemplated hereby or under the Delaware Act or any other law, rule or regulation or at equity, and the General Partner in determining whether to propose or approve the conduct by the Partnership of any business shall
be permitted to do so in its sole and absolute discretion. 

  
 18 

 Section 2.05 Powers. The Partnership shall be empowered to do any and all acts
and things necessary, appropriate, proper, advisable, incidental to or convenient for the furtherance and accomplishment of the purposes and business described in Section 2.04 and for the protection and benefit of the
Partnership. 
 Section 2.06 Term. The term of the Partnership commenced upon the filing of the Certificate of Limited
Partnership in accordance with the Delaware Act and shall continue until the dissolution of the Partnership in accordance with the provisions of Article XII. The existence of the Partnership as a separate legal entity shall continue until the
cancellation of the Certificate of Limited Partnership as provided in the Delaware Act. 
 Section 2.07 Title to Partnership
Assets. Title to Partnership assets, whether real, personal or mixed and whether tangible or intangible, shall be deemed to be owned by the Partnership as an entity, and no Partner, individually or collectively, shall have any ownership interest
in such Partnership assets or any portion thereof. Title to any or all of the Partnership assets may be held in the name of the Partnership, the General Partner, one or more Affiliates of the General Partner or one or more nominees of the General
Partner or its Affiliates, as the General Partner may determine. The General Partner hereby declares and warrants that any Partnership assets for which record title is held in the name of the General Partner or one or more Affiliates of the General
Partner or one or more nominees of the General Partner or its Affiliates shall be held by the General Partner or such Affiliate or nominee for the use and benefit of the Partnership in accordance with the provisions of this Agreement;
provided, however, that the General Partner shall use reasonable efforts to cause record title to such assets (other than those assets in respect of which the General Partner determines that the expense and difficulty of conveyancing
makes transfer of record title to the Partnership impracticable) to be vested in the Partnership or one or more of the Partnership’s designated Affiliates as soon as reasonably practicable; provided, further, that, prior to the
withdrawal or removal of the General Partner or as soon thereafter as practicable, the General Partner shall use reasonable efforts to effect the transfer of record title to the Partnership and, prior to any such transfer, will provide for the use
of such assets in a manner satisfactory to any successor General Partner. All Partnership assets shall be recorded as the property of the Partnership in its books and records, irrespective of the name in which record title to such Partnership assets
is held. 
 ARTICLE III 

RIGHTS OF LIMITED PARTNERS 

Section 3.01 Limitation of Liability. The Limited Partners shall have no liability under this Agreement except as expressly
provided in this Agreement or the Delaware Act. 
 Section 3.02 Management of Business. No Limited Partner, in its capacity as
such, shall participate in the operation, management or control (within the meaning of the Delaware Act) of the Partnership’s business, transact any business in the Partnership’s name or have the power to sign documents for or otherwise
bind the Partnership. No action taken by any Affiliate of the General Partner or any officer, director, employee, manager, member, general partner, agent or trustee of the General Partner or any of its Affiliates, or any officer, director, employee,
manager, member, general partner, agent or trustee of a Group Member, in its capacity as such, shall be deemed to be participating in the control of the business of the Partnership by a limited partner of the Partnership (within the meaning of Section 17-303(a) of the Delaware Act) nor shall any such action affect, impair or eliminate the limitations on the liability of the Limited Partners under this Agreement. 

  
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 Section 3.03 Rights of Limited Partners. 

(a) Each Limited Partner shall have the right, for a purpose reasonably related to such Limited Partner’s interest as a Limited Partner in
the Partnership, upon reasonable written demand stating the purpose of such demand, and at such Limited Partner’s own expense: 
 (i)
to obtain from the General Partner either (A) the Partnership’s most recent filings with the Commission on Form 10-K and any subsequent filings on Form 10-Q or
Form 8-K or (B) if the Partnership is no longer subject to the reporting requirements of the Exchange Act, the information specified in, and meeting the requirements of, Rule 144A(d)(4) under the
Securities Act (or any successor rule or regulation under the Securities Act); provided, that the foregoing materials shall be deemed to be available to a Limited Partner in satisfaction of the requirements of this
Section 3.03(a)(i) if posted on or accessible through the Partnership’s or the Commission’s website; 

(ii) to obtain a current list of the name and last known business, residence or mailing address of each Partner; and 

(iii) to obtain a copy of this Agreement and the Certificate of Limited Partnership and all amendments thereto. 

(b) To the fullest extent permitted by law, the rights to information granted the Limited Partners pursuant to
Section 3.03(a) replace in their entirety any rights to information provided for in Section 17-305(a) of the Delaware Act, and each of the Limited Partners, each other Person or
Group who acquires an interest in a Partnership Interest and each other Person bound by this Agreement hereby agrees to the fullest extent permitted by law that they do not have any rights as Limited Partners, interest holders or otherwise to
receive any information either pursuant to Sections 17-305(a) of the Delaware Act or otherwise except for the information identified in Section 3.03(a). 

(c) The General Partner may keep confidential from the Limited Partners, for such period of time as the General Partner deems reasonable,
(i) any information that the General Partner reasonably believes to be in the nature of trade secrets or (ii) other information the disclosure of which the General Partner in good faith believes (A) is not in the best interests of the
Partnership Group, (B) could damage the Partnership Group or its business or (C) that any Group Member is required by law or by agreement with any third party to keep confidential (other than agreements with Affiliates of the Partnership
the primary purpose of which is to circumvent the obligations set forth in this Section 3.03). 

  
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 (d) Notwithstanding any other provision of this Agreement or
Section 17-305 of the Delaware Act, each of the Limited Partners, each other Person or Group who acquires an interest in a Partnership Interest and each other Person bound by this Agreement hereby agrees
to the fullest extent permitted by law that they do not have rights to receive information from the Partnership or any Indemnitee for the purpose of determining whether to pursue litigation or assist in pending litigation against the Partnership or
any Indemnitee relating to the affairs of the Partnership except pursuant to the applicable rules of discovery relating to litigation commenced by such Person or Group. 

ARTICLE IV 

CERTIFICATES; RECORD HOLDERS; TRANSFER OF PARTNERSHIP 

INTERESTS; REDEMPTION OF PARTNERSHIP INTERESTS 

Section 4.01 Certificates. Record Holders of Partnership Interests and, where appropriate, Derivative Partnership Interests, shall
be recorded in the Partnership Register and ownership of such interests shall be evidenced by a physical certificate or book entry notation in the Partnership Register. Notwithstanding anything to the contrary in this Agreement, unless the General
Partner shall determine otherwise in respect of some or all of any or all classes of Partnership Interests, Partnership Interests shall not be evidenced by physical certificates. Certificates, if any, shall be executed on behalf of the Partnership
by the Chief Executive Officer, President, Chief Financial Officer or any Executive Vice President, Senior Vice President or Vice President and the Secretary, any Assistant Secretary or other authorized officer of the General Partner, and shall bear
the legend set forth in Section 4.08(f). The signatures of such officers upon a Certificate may, to the extent permitted by law, be facsimiles. In case any officer who has signed or whose signature has been placed upon such
Certificate shall have ceased to be such officer before such Certificate is issued, it may be issued by the Partnership with the same effect as if he or she were such officer at the date of its issuance. If a Transfer Agent has been appointed for a
class of Partnership Interests, no Certificate for such class of Partnership Interests shall be valid for any purpose until it has been countersigned by the Transfer Agent; provided, however, that, if the General Partner elects to
cause the Partnership to issue Partnership Interests of such class in global form, the Certificate shall be valid upon receipt of a certificate from the Transfer Agent certifying that the Partnership Interests have been duly registered in accordance
with the directions of the Partnership. Subject to the requirements of Section 6.04(a), if Common Units are evidenced by Certificates, on or after the date on which Class B Units are converted into Common Units
pursuant to the terms of Section 5.11(c), the Record Holders of such Class B Units (i) if the Class B Units are evidenced by Certificates, may exchange such Certificates for Certificates evidencing the Common
Units into which such Record Holder’s Class B Units converted, or (ii) if the Class B Units are not evidenced by Certificates, shall be issued Certificates evidencing the Common Units into which such Record Holders’
Class B Units converted. With respect to any Partnership Interests that are represented by physical certificates, the General Partner may determine that such Partnership Interests will no longer be represented by physical certificates and may,
upon written notice to the holders of such Partnership Interests and subject to applicable law, take whatever actions it deems necessary or appropriate to cause such Partnership Interests to be registered in book entry or global form and may cause
such physical certificates to be cancelled or deemed cancelled. 

  
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 Section 4.02 Mutilated, Destroyed, Lost or Stolen Certificates. 

(a) If any mutilated Certificate is surrendered to the Transfer Agent, the appropriate officers of the General Partner on behalf of the
Partnership shall execute, and the Transfer Agent shall countersign and deliver in exchange therefor, a new Certificate evidencing the same number and type of Partnership Interests as the Certificate so surrendered. 

(b) The appropriate officers of the General Partner on behalf of the Partnership shall execute and deliver, and the Transfer Agent shall
countersign, a new Certificate in place of any Certificate previously issued, if the Record Holder of the Certificate: 
 (i) makes proof by
affidavit, in form and substance satisfactory to the General Partner, that a previously issued Certificate has been lost, destroyed or stolen; 

(ii) requests the issuance of a new Certificate before the General Partner has notice that the Certificate has been acquired by a purchaser
for value in good faith and without notice of an adverse claim; 
 (iii) if requested by the General Partner, delivers to the General
Partner a bond, in form and substance satisfactory to the General Partner, with surety or sureties and with fixed or open penalty as the General Partner may direct, to indemnify the Partnership, the Limited Partners, the General Partner and the
Transfer Agent against any claim that may be made on account of the alleged loss, destruction or theft of the Certificate; and 
 (iv)
satisfies any other reasonable requirements imposed by the General Partner or the Transfer Agent. 
 If a Limited Partner fails to notify the General
Partner within a reasonable period of time after such Limited Partner has notice of the loss, destruction or theft of a Certificate, and a transfer of the Limited Partner Interests represented by the Certificate is registered before the Partnership,
the General Partner or the Transfer Agent receives such notification, to the fullest extent permitted by law, such Limited Partner shall be precluded from making any claim against the Partnership, the General Partner or the Transfer Agent for such
transfer or for a new Certificate. 
 (c) As a condition to the issuance of any new Certificate under this
Section 4.02, the General Partner may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of
the Transfer Agent) reasonably connected therewith. 
 Section 4.03 Record Holders. 

The names and addresses of Unitholders as they appear in the Partnership Register shall be the official list of Record Holders of the
Partnership Interests for all purposes. The Partnership and the General Partner shall be entitled to recognize the Record Holder as the Partner with respect to any Partnership Interest and, accordingly, shall not be bound to recognize any equitable
or other claim to, or interest in, such Partnership Interest on the part of any other Person or Group, regardless of whether the Partnership or the General Partner shall have actual or other notice thereof, except as otherwise provided by law or any
applicable rule, regulation, guideline or requirement of any National Securities Exchange on which such Partnership Interests are listed or admitted to trading. Without limiting the foregoing, when a Person (such as a broker, dealer, bank,

  
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trust company or clearing corporation or an agent of any of the foregoing) is acting as nominee, agent or in some other representative capacity for another Person or Group in acquiring and/or
holding Partnership Interests, as between the Partnership on the one hand, and such other Person on the other hand, such representative Person shall be the Limited Partner with respect to such Partnership Interest upon becoming the Record Holder in
accordance with Section 10.01(b) and have the rights and obligations of a Limited Partner hereunder as and to the extent provided herein, including Section 10.01(c). 

Section 4.04 Transfer Generally. 

(a) The term “transfer,” when used in this Agreement with respect to a Partnership Interest, shall be deemed to refer to a
transaction (i) by which the General Partner assigns all or any part of its General Partner Interest to another Person and includes a sale, assignment, gift, pledge, encumbrance, hypothecation, mortgage, exchange or any other disposition by law
or otherwise or (ii) by which the holder of a Limited Partner Interest assigns all or a part of such Limited Partner Interest to another Person who is or becomes a Limited Partner as a result thereof, and includes a sale, assignment, gift,
exchange or any other disposition by law or otherwise, excluding a pledge, encumbrance, hypothecation or mortgage but including any transfer upon foreclosure of any pledge, encumbrance, hypothecation or mortgage. 

(b) No Partnership Interest shall be transferred, in whole or in part, except in accordance with the terms and conditions set forth in this
Article IV. Any transfer or purported transfer of a Partnership Interest not made in accordance with this Article IV shall be null and void, and the Partnership shall have no obligation to effect any such transfer or purported
transfer. 
 (c) Nothing contained in this Agreement shall be construed to prevent or limit a disposition by any stockholder, member, partner
or other owner of the General Partner or any Limited Partner of any or all of such Person’s shares of stock, membership interests, partnership interests or other ownership interests in the General Partner or such Limited Partner and the term
“transfer” shall not include any such disposition. 
 Section 4.05 Registration and Transfer of Limited Partner
Interests. 
 (a) The General Partner shall maintain, or cause to be maintained by the Transfer Agent in whole or in part, the
Partnership Register on behalf of the Partnership. 
 (b) The General Partner shall not recognize any transfer of Limited Partner Interests
evidenced by Certificates until the Certificates evidencing such Limited Partner Interests are duly endorsed and surrendered for registration of transfer. No charge shall be imposed by the General Partner for such transfer; provided,
however, that as a condition to the issuance of any new Certificate under this Section 4.05, the General Partner may require the payment of a sum sufficient to cover any tax or other governmental charge that may be
imposed with respect thereto. Upon surrender of a Certificate for registration of transfer of any Limited Partner Interests evidenced by a Certificate, and subject to the provisions of this Section 4.05(b), the appropriate
officers of the General Partner on behalf of the Partnership shall execute and deliver, and in the case of Certificates evidencing Limited Partner Interests for which a Transfer Agent has been appointed, the Transfer Agent shall countersign and
deliver, in the name of the holder or the designated transferee or transferees, as required pursuant to the holder’s instructions, one or more new Certificates evidencing the same aggregate number and type of Limited Partner Interests as was
evidenced by the Certificate so surrendered. Upon the proper surrender of a Certificate, such transfer shall be recorded in the Partnership Register. 

  
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 (c) Upon the receipt by the General Partner of a duly endorsed certificate or, in the case
of uncertificated Limited Partner Interests for which a Transfer Agent has been appointed, the Transfer Agent of proper transfer instructions from the Record Holder of uncertificated Limited Partner Interests, such transfer shall be recorded in the
Partnership Register. 
 (d) By acceptance of any Limited Partner Interests pursuant to a transfer in accordance with this Article IV,
each transferee of a Limited Partner Interest (including any nominee, agent or representative acquiring such Limited Partner Interests for the account of another Person or Group) (i) shall be admitted to the Partnership as a Limited Partner
with respect to the Limited Partner Interests so transferred to such Person when any such transfer or admission is reflected in the Partnership Register and such Person becomes the Record Holder of the Limited Partner Interests so transferred,
(ii) shall become bound, and shall be deemed to have agreed to be bound, by the terms of this Agreement, (iii) represents that the transferee has the capacity, power and authority to enter into this Agreement and (iv) makes the
consents, acknowledgements and waivers contained in this Agreement, all with or without execution of this Agreement by such Person. The transfer of any Limited Partner Interests and the admission of any new Limited Partner shall not constitute an
amendment to this Agreement. 
 (e) Subject to (i) the foregoing provisions of this Section 4.05, (ii)
Section 4.03, (iii) Section 4.08, (iv) with respect to any class or series of Limited Partner Interests, the provisions of any statement of designations or an amendment to this Agreement
establishing such class or series, (v) any contractual provisions binding on any Limited Partner and (vi) provisions of applicable law including the Securities Act, Limited Partner Interests shall be freely transferable. 

(f) (i) The General Partner and its Affiliates shall have the right at any time to transfer their Common Units to one or more Persons. 

(ii) Prior to the Class B Conversion Date, a holder of a Class B Unit may transfer such Class B Unit without any consent of the
Unitholders to (A) an Affiliate of such holder (other than an individual) or (B) another Person (other than an individual) in connection with (x) the merger or consolidation of such holder with or into such other Person or
(y) the transfer by such holder of all or substantially all of its assets to such other Person. Any other transfer by such holder prior to the Class B Conversion Date shall require the prior approval of holders of a Unit Majority
(excluding Common Units held by CNX and its Affiliates). On or after the Class B Conversion Date, such holder may transfer such Class B Unit without Unitholder approval. 

Section 4.06 Transfer of the General Partner’s General Partner Interest. 

(a) Subject to Section 4.06(c), prior to September 30, 2024, the General Partner shall not transfer all or any
part of its General Partner Interest to a Person unless such transfer (i) has been approved by the prior written consent or vote of the holders of at least a Unit Majority (excluding Common Units owned by the General Partner and its Affiliates)
or (ii) is of all, but not less than all, of its General Partner Interest to (A) an Affiliate of the General Partner (other than an individual) or (B) another Person (other than an individual) in connection with the merger or
consolidation of the General Partner with or into such other Person or the transfer by the General Partner of all or substantially all of its assets to such other Person. 

  
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 (b) Subject to Section 4.06(c), on or after September 30,
2024, the General Partner may transfer all or any part of its General Partner Interest without the approval of any Limited Partner or any other Person. 

(c) Notwithstanding anything herein to the contrary, no transfer by the General Partner of all or any part of its General Partner Interest to
another Person shall be permitted unless (i) the transferee agrees to assume the rights and duties of the General Partner under this Agreement and to be bound by the provisions of this Agreement, (ii) the Partnership receives an Opinion of
Counsel that such transfer would not result in the loss of limited liability of any Limited Partner under the Delaware Act or cause the Partnership to be treated as an association taxable as a corporation or otherwise to be taxed as an entity for
federal income tax purposes (to the extent not already so treated or taxed) and (iii) such transferee also agrees to purchase all (or the appropriate portion thereof, if applicable) of the partnership or membership interest owned by the General
Partner as the general partner or managing member, if any, of each other Group Member. In the case of a transfer pursuant to and in compliance with this Section 4.06, the transferee or successor (as the case may be) shall,
subject to compliance with the terms of Section 10.02, be admitted to the Partnership as the General Partner effective immediately prior to the transfer of the General Partner Interest, and the business of the Partnership
shall continue without dissolution. 
 (d) For the avoidance of doubt, the conversion of the General Partner Interest into a non-economic general partner interest in the Partnership as of the date hereof is not a transfer of the General Partner Interest subject to this Section 4.06. 

Section 4.07 [Reserved.] 

Section 4.08 Restrictions on Transfers. 

(a) Except as provided in Section 4.08(e), notwithstanding the other provisions of this Article IV, no
transfer of any Partnership Interests shall be made if such transfer would (i) violate the then applicable federal or state securities laws or rules and regulations of the Commission, any state securities commission or any other governmental
authority with jurisdiction over such transfer, (ii) terminate the existence or qualification of the Partnership under the laws of the jurisdiction of its formation or (iii) cause the Partnership to be treated as an association taxable as
a corporation or otherwise to be taxed as an entity for federal income tax purposes (to the extent not already so treated or taxed). The Partnership may issue stop transfer instructions to any Transfer Agent in order to implement any restriction on
transfer contemplated by this Agreement. 
 (b) The General Partner may impose restrictions on the transfer of Partnership Interests if it
receives an Opinion of Counsel that such restrictions are necessary to (i) avoid a significant risk of the Partnership becoming taxable as a corporation or otherwise becoming taxable as an entity for federal income tax purposes (to the extent
not already so treated or taxed) 

  
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or (ii) preserve the uniformity of the Limited Partner Interests (or any class or classes thereof). The General Partner may impose such restrictions by amending this Agreement;
provided, however, that any amendment that would result in the delisting or suspension of trading of any class of Limited Partner Interests on the principal National Securities Exchange on which such class of Limited Partner Interests
is then listed or admitted to trading must be approved, prior to such amendment being effected, by the holders of at least a majority of the Outstanding Limited Partner Interests of such class. 

(c) [Reserved.] 

(d) [Reserved.] 

(e) Nothing in this Agreement shall preclude the settlement of any transactions involving Partnership Interests entered into through the
facilities of any National Securities Exchange on which such Partnership Interests are listed or admitted to trading. 
 (f) Each certificate
or book entry evidencing Partnership Interests shall bear a conspicuous legend in substantially the following form: 
 THE HOLDER OF THIS
SECURITY ACKNOWLEDGES FOR THE BENEFIT OF CNX MIDSTREAM PARTNERS LP THAT THIS SECURITY MAY NOT BE TRANSFERRED IF SUCH TRANSFER (AS DEFINED IN THE PARTNERSHIP AGREEMENT) WOULD (A) VIOLATE THE THEN APPLICABLE FEDERAL OR STATE SECURITIES LAWS OR
RULES AND REGULATIONS OF THE SECURITIES AND EXCHANGE COMMISSION, ANY STATE SECURITIES COMMISSION OR ANY OTHER GOVERNMENTAL AUTHORITY WITH JURISDICTION OVER SUCH TRANSFER, (B) TERMINATE THE EXISTENCE OR QUALIFICATION OF CNX MIDSTREAM PARTNERS LP
UNDER THE LAWS OF THE STATE OF DELAWARE OR (C) CAUSE CNX MIDSTREAM PARTNERS LP TO BE TREATED AS AN ASSOCIATION TAXABLE AS A CORPORATION OR OTHERWISE TO BE TAXED AS AN ENTITY FOR FEDERAL INCOME TAX PURPOSES (TO THE EXTENT NOT ALREADY SO TREATED
OR TAXED). THE GENERAL PARTNER OF CNX MIDSTREAM PARTNERS LP MAY IMPOSE ADDITIONAL RESTRICTIONS ON THE TRANSFER OF THIS SECURITY IF IT RECEIVES AN OPINION OF COUNSEL THAT SUCH RESTRICTIONS ARE NECESSARY TO (A) AVOID A SIGNIFICANT RISK OF CNX
MIDSTREAM PARTNERS LP BECOMING TAXABLE AS A CORPORATION OR OTHERWISE BECOMING TAXABLE AS AN ENTITY FOR FEDERAL INCOME TAX PURPOSES (TO THE EXTENT NOT ALREADY SO TREATED OR TAXED) OR (B) PRESERVE THE UNIFORMITY OF THE LIMITED PARTNER INTERESTS
IN CNX MIDSTREAM PARTNERS LP (OR ANY CLASS OR CLASSES THEREOF). THIS SECURITY MAY BE SUBJECT TO ADDITIONAL RESTRICTIONS ON ITS TRANSFER PROVIDED IN THE PARTNERSHIP AGREEMENT. COPIES OF SUCH AGREEMENT MAY BE OBTAINED AT NO COST BY WRITTEN REQUEST
MADE BY THE HOLDER OF RECORD OF THIS SECURITY TO THE SECRETARY OF THE GENERAL PARTNER AT THE PRINCIPAL EXECUTIVE OFFICES OF THE PARTNERSHIP. THE RESTRICTIONS SET FORTH ABOVE SHALL NOT PRECLUDE THE SETTLEMENT OF ANY TRANSACTIONS INVOLVING THIS
SECURITY ENTERED INTO THROUGH THE FACILITIES OF ANY NATIONAL SECURITIES EXCHANGE ON WHICH THIS SECURITY IS LISTED OR ADMITTED TO TRADING. 

  
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 Section 4.09 Eligibility Certificates; Ineligible Holders. 

(a) If at any time the General Partner determines, with the advice of counsel, that: 

(i) the U.S. federal income tax status (or lack of proof of the U.S. federal income tax status) of one or more Limited Partners or their
owners has or is reasonably likely to have a material adverse effect on the rates that can be charged to customers by any Group Member with respect to assets that are subject to regulation by the Federal Energy Regulatory Commission or similar
regulatory body (a “Rate Eligibility Trigger”); or 
 (ii) any Group Member is subject to any federal,
state or local law or regulation that would create a substantial risk of cancellation or forfeiture of any property in which the Group Member has an interest based on the nationality, citizenship or other related status of one or more Limited
Partners or their owners (a “Citizenship Eligibility Trigger”); 
 then, the General Partner, without the approval of any Limited
Partner, may adopt such amendments to this Agreement as it determines to be necessary or appropriate to (A) in the case of a Rate Eligibility Trigger, obtain such proof of the U.S. federal income tax status of such Limited Partners and, to the
extent relevant, their owners, as the General Partner determines to be necessary or appropriate to reduce the risk of occurrence of a material adverse effect on the rates that can be charged to customers by any Group Member or (B) in the case
of a Citizenship Eligibility Trigger, obtain such proof of the nationality, citizenship or other related status of such Limited Partners and, to the extent relevant, their owners, as the General Partner determines to be necessary or appropriate to
eliminate or mitigate the risk of cancellation or forfeiture of any properties or interests therein. 
 (b) Amendments adopted pursuant to
this Section 4.09 may include provisions requiring all Limited Partners to certify as to their (and their owners’) status as Eligible Holders upon demand and on a regular basis, as determined by the General Partner,
and may require transferees of Units to so certify prior to being admitted to the Partnership as Limited Partners (any such required certificate, an “Eligibility Certificate”). 

(c) Amendments adopted pursuant to this Section 4.09 may provide that (i) any Limited Partner who fails to
furnish to the General Partner, within a reasonable period, requested proof of its (and its owners’) status as an Eligible Holder or (ii) if upon receipt of such Eligibility Certificate or other requested information the General Partner
determines that a Limited Partner is not an Eligible Holder (an “Ineligible Holder”), the Limited Partner Interests owned by such Limited Partner shall be subject to redemption. In addition, the General Partner shall be
substituted and treated as the owner of all Limited Partner Interests owned by an Ineligible Holder. 

  
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 (d) If the General Partner adopts amendments pursuant to this
Section 4.09 providing for the redemption of Limited Partner Interests, the aggregate redemption price for Redeemable Interests shall be an amount equal to the Current Market Price (the date of determination of which shall
be the date fixed for redemption) of Limited Partner Interests of the class to be so redeemed multiplied by the number of Limited Partner Interests of each such class included among the Redeemable Interests. The redemption price shall be paid, as
determined by the General Partner, in cash or by delivery of a promissory note of the Partnership in the principal amount of the redemption price, bearing interest at the rate of 5% annually and payable in three equal annual installments of
principal together with accrued interest, commencing one year after the redemption date. 
 (e) The General Partner shall, in exercising, or
abstaining from exercising, voting rights in respect of Limited Partner Interests held by it on behalf of Ineligible Holders, distribute the votes or abstentions in the same manner and in the same ratios as the votes of Limited Partners (including
the General Partner and its Affiliates) in respect of Limited Partner Interests other than those of Ineligible Holders are distributed, either casting votes for or against or abstaining as to the matter. 

(f) Upon dissolution of the Partnership, an Ineligible Holder shall have no right to receive a distribution in kind pursuant to
Section 12.04 but shall be entitled to the cash equivalent thereof, and the Partnership shall provide cash in exchange for an assignment of the Ineligible Holder’s share of any distribution in kind. Such payment and
assignment shall be treated for Partnership purposes as a purchase by the Partnership from the Ineligible Holder of its Limited Partner Interests (representing the right to receive its share of such distribution in kind). 

(g) At any time after an Ineligible Holder can and does certify that it has become an Eligible Holder, such Ineligible Holder may, upon
application to the General Partner, request that with respect to any Limited Partner Interests of such Ineligible Holder not redeemed, such Ineligible Holder be admitted as a Limited Partner, and upon approval of the General Partner, such Ineligible
Holder shall be admitted as a Limited Partner and shall no longer constitute an Ineligible Holder, and the General Partner shall cease to be deemed to be the owner in respect of such Ineligible Holder’s Limited Partner Interests. 

ARTICLE V 
 CAPITAL
CONTRIBUTIONS AND ISSUANCE OF PARTNERSHIP INTERESTS 
 Section 5.01 IDR Restructuring Transaction. Pursuant to the Exchange
Agreement, effective as of the date thereof, the General Partner transferred, assigned and conveyed to the Partnership all of the General Partner’s right, title and interest in and to the Incentive Distribution Rights and agreed to the
cancellation of the Incentive Distribution Rights and the conversion of the General Partner Interest (as defined in the Prior Agreement) into a non-economic general partner interest in the Partnership having
the rights and obligations specified for the General Partner Interest in this Agreement in exchange for (i) the issuance by the Partnership to the General Partner of (a) 26,000,000 Common Units and (b) 3,000,000 Class B Units and
(ii) the Cash Consideration, in each case, in accordance with, and with the terms specified in, the Exchange Agreement (such exchange, the “Exchange”). Upon the consummation of the Exchange, in accordance with the
Exchange Agreement, the Incentive Distribution Rights were cancelled and the General Partner Interest (as defined in the Prior Agreement) was restructured, notwithstanding the Exchange, the General Partner Interest in the Partnership continued to be
outstanding and held by the General Partner immediately following the consummation of the Exchange and the General Partner continued as general partner of the Partnership without interruption. 

  
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 Section 5.02 Contributions by the General Partner and its Affiliates. Except as
set forth in Section 12.08, the General Partner shall not be obligated to make any additional Capital Contributions to the Partnership. 

Section 5.03 Contributions by Limited Partners. No Limited Partner will be required to make any additional Capital Contribution to
the Partnership pursuant to this Agreement. 
 Section 5.04 Interest and Withdrawal. 

No interest shall be paid by the Partnership on Capital Contributions. No Partner shall be entitled to the withdrawal or return of its Capital
Contribution, except to the extent, if any, that distributions made pursuant to this Agreement or upon termination of the Partnership may be considered as such by law and then only to the extent provided for in this Agreement. Except to the extent
expressly provided in this Agreement, no Partner shall have priority over any other Partner either as to the return of Capital Contributions or as to profits, losses or distributions. Any such return shall be a compromise to which all Partners agree
within the meaning of Section 17-502(b) of the Delaware Act. 
 Section 5.05 Capital
Accounts. 
 (a) The Partnership shall maintain for each Partner (or a beneficial owner of Partnership Interests held by a nominee, agent
or representative in any case in which such nominee, agent or representative has furnished the identity of such owner to the Partnership in accordance with Section 6031(c) of the Code or any other method acceptable to the General Partner)
owning a Partnership Interest a separate Capital Account with respect to such Partnership Interest in accordance with the rules of Treasury Regulation Section 1.704-1(b)(2)(iv). The Capital Account shall
in respect of each such Partnership Interest be increased by (i) the amount of all Capital Contributions made to the Partnership with respect to such Partnership Interest and (ii) all items of Partnership income and gain (including income
and gain exempt from tax) computed in accordance with Section 5.05(b) and allocated with respect to such Partnership Interest pursuant to Section 6.01, and decreased by (x) the amount of cash
or Net Agreed Value of all actual and deemed distributions of cash or property made with respect to such Partnership Interest and (y) all items of Partnership deduction and loss computed in accordance with
Section 5.05(b) and allocated with respect to such Partnership Interest pursuant to Section 6.01. 

(b) For purposes of computing the amount of any item of income, gain, loss or deduction that is to be allocated pursuant to Article VI
and is to be reflected in the Partners’ Capital Accounts, the determination, recognition and classification of any such item shall be the same as its determination, recognition and classification for federal income tax purposes (including any
method of depreciation, cost recovery or amortization used for that purpose); provided, that: 

  
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 (i) Solely for purposes of this Section 5.05, the Partnership
shall be treated as owning directly its proportionate share (as determined by the General Partner based upon the provisions of the applicable Group Member Agreement or governing, organizational or similar documents) of all property owned by
(x) any other Group Member that is classified as a partnership or disregarded entity for federal income tax purposes and (y) any other partnership, limited liability company, unincorporated business or other entity classified as a
partnership or disregarded entity for federal income tax purposes of which a Group Member is, directly or indirectly, a partner, member or other equity holder. 

(ii) All fees and other expenses incurred by the Partnership to promote the sale of (or to sell) a Partnership Interest that can neither be
deducted nor amortized under Section 709 of the Code, if any, shall, for purposes of Capital Account maintenance, be treated as an item of deduction at the time such fees and other expenses are incurred and shall be allocated among the Partners
pursuant to Section 6.01. 
 (iii) The computation of all items of income, gain, loss and deduction shall be made,
except as otherwise provided in Treasury Regulation Section 1.704-1(b)(2)(iv)(m), without regard to any election under Section 754 of the Code that may be made by the Partnership. To the extent an
adjustment to the adjusted tax basis of any Partnership asset pursuant to Section 734(b) or 743(b) of the Code (including pursuant to Treasury Regulation Section 1.734-2(b)(1)) is required, pursuant
to Treasury Regulation Section 1.704-1(b)(2)(iv)(m), to be taken into account in determining Capital Accounts, the amount of such adjustment in the Capital Accounts shall be treated as an item of gain or
loss. 
 (iv) In the event the Carrying Value of Partnership property is adjusted pursuant to Section 5.05(d), any
Unrealized Gain resulting from such adjustment shall be treated as an item of gain, and any Unrealized Loss resulting from such adjustment shall be treated as an item of loss. 

(v) Any income, gain or loss attributable to the taxable disposition of any Partnership property shall be determined as if the adjusted basis
of such property as of such date of disposition were equal in amount to the Partnership’s Carrying Value with respect to such property as of such date. 

(vi) An item of income of the Partnership that is described in Section 705(a)(1)(B) of the Code (with respect to items of income that are
exempt from tax) shall be treated as an item of income for the purpose of this Section 5.05(b), and an item of expense of the Partnership that is described in Section 705(a)(2)(B) of the Code (with respect to
expenditures that are not deductible and not chargeable to capital accounts), shall be treated as an item of deduction for the purpose of this Section 5.05(b). 

(vii) In accordance with the requirements of Section 704(b) of the Code, any deductions for depreciation, cost recovery or amortization
attributable to any Contributed Property shall be determined as if the adjusted basis of such property on the date it was acquired by the Partnership were equal to the Agreed Value of such property. Upon an adjustment pursuant to
Section 5.05(d) to the Carrying Value of any Partnership property subject to depreciation, cost recovery or amortization, any further deductions for such depreciation, cost recovery or amortization attributable to such
property shall be determined under the rules prescribed by Treasury Regulation Section 1.704-3(d)(2) as if the adjusted basis of such property were equal to the Carrying Value of such property immediately
following such adjustment. 

  
 30 

 (viii) The Gross Liability Value of each Liability of the Partnership described in Treasury
Regulation Section 1.752-7(b)(3)(i) shall be adjusted at such times as provided in this Agreement for an adjustment to Carrying Values. The amount of any such adjustment shall be treated for purposes
hereof as an item of loss (if the adjustment increases the Carrying Value of such Liability of the Partnership) or an item of gain (if the adjustment decreases the Carrying Value of such Liability of the Partnership). 

(c) (i) A transferee of a Partnership Interest shall succeed to a pro rata portion of the Capital Account of the transferor relating to the
Partnership Interest so transferred. 
 (i) Subject to Section 6.04(a), immediately prior to the transfer of a
Sponsor Common Unit, a Class B Unit or a Common Unit resulting from the conversion of a Class B Unit pursuant to Section 5.11(c) by a holder thereof (other than a transfer to an Affiliate unless the General
Partner elects to have this Section 5.05(c)(ii) apply), the Capital Account maintained for such Person with respect to its Sponsor Common Unit, Class B Units or Converted Class B Units will (A) first, be
allocated to the Sponsor Common Unit, Class B Units or Converted Class B Units to be transferred in an amount equal to the product of (x) the number of such Sponsor Common Unit, Class B Units or Converted Class B Units to be
transferred and (y) the Per Unit Capital Amount for a Common Unit, and (B) second, any remaining balance in such Capital Account will be retained by the transferor, regardless of whether it has retained any Sponsor Common Units,
Class B Units or Converted Class B Units (“Retained Converted Class B Units”). Following any such allocation, the transferor’s Capital Account, if any, maintained with respect
to the retained Sponsor Common Units, retained Class B Units or Retained Converted Class B Units, if any, will have a balance equal to the amount allocated under clause (B) hereinabove, and the transferee’s Capital Account
established with respect to the transferred Sponsor Common Units, Class B Units or Converted Class B Units will have a balance equal to the amount allocated under clause (A) hereinabove. 

(d) (i) In accordance with Treasury Regulation Section 1.704-1(b)(2)(iv)(f) and 1.704-1(b)(2)(iv)(h)(2), on an issuance of additional Partnership Interests for cash or Contributed Property, the issuance of a Noncompensatory Option, the issuance of Partnership Interests as consideration for the
provision of services, or the conversion of Class B Units to Common Units pursuant to Section 5.11(c), the Carrying Value of each Partnership property immediately prior to such issuance shall be adjusted upward or downward to reflect any
Unrealized Gain or Unrealized Loss attributable to such Partnership property, and any such Unrealized Gain or Unrealized Loss shall be treated, for purposes of maintaining Capital Accounts, as if it had been recognized on an actual sale of each such
property for an amount equal to its fair market value immediately prior to such issuance and had been allocated among the Partners at such time pursuant to Section 6.01 in the same manner as any item of gain or loss
actually 

  
 31 

 
recognized following an event giving rise to the dissolution of the Partnership would have been allocated; provided, however, that in the event of the issuance of a Partnership
Interest pursuant to the exercise of a Noncompensatory Option where the right to share in Partnership capital represented by such Partnership Interest differs from the consideration paid to acquire and exercise such option, the Carrying Value of
each Partnership property immediately after the issuance of such Partnership Interest shall be adjusted upward or downward to reflect any Unrealized Gain or Unrealized Loss attributable to such Partnership property and the Capital Accounts of the
Partners shall be adjusted in a manner consistent with Treasury Regulation Section 1.704-1(b)(2)(iv)(s); provided further, however, that in the event of an issuance of Partnership Interests
for a de minimis amount of cash or Contributed Property, in the event of an issuance of a Noncompensatory Option to acquire a de minimis Partnership Interest, or in the event of an issuance of a de minimis amount of Partnership
Interests as consideration for the provision of services, the General Partner may determine that such adjustments are unnecessary for the proper administration of the Partnership. If, upon the occurrence of a Revaluation Event described in this
Section 5.05(d), a Noncompensatory Option of the Partnership is outstanding, the Partnership shall adjust the Carrying Value of each Partnership property in accordance with Treasury Regulation Sections 1.704-1(b)(2)(iv)(f)(1) and 1.704-1(b)(2)(iv)(h)(2). In determining such Unrealized Gain or Unrealized Loss, the aggregate fair market value of all Partnership property
(including cash or cash equivalents) immediately prior to the issuance of additional Partnership Interests (or, in the case of a Revaluation Event resulting from the exercise of a Noncompensatory Option, immediately after the issuance of the
Partnership Interest acquired pursuant to the exercise of such Noncompensatory Option if required pursuant to Treasury Regulation Section 1.704-1(b)(2)(iv)(s)(1)) shall be determined by the General
Partner using such method of valuation as it may adopt. In making its determination of the fair market values of individual properties, the General Partner may first determine an aggregate value for the assets of the Partnership that takes into
account the current trading price of the Common Units, the fair market value of all other Partnership Interests at such time, and the amount of Partnership Liabilities. The General Partner may allocate such aggregate value among the individual
properties of the Partnership (in such manner as it determines appropriate). Absent a contrary determination by the General Partner, the aggregate fair market value of all Partnership assets (including, without limitation, cash or cash equivalents)
immediately prior to a Revaluation Event shall be the value that would result in the Capital Account for each Common Unit that is Outstanding prior to such Revaluation Event being equal to the Event Issue Value. 

(i) In accordance with Treasury Regulation Section 1.704-1(b)(2)(iv)(f), immediately prior to any
distribution to a Partner of any Partnership property (other than a distribution of cash that is not in redemption or retirement of a Partnership Interest), the Capital Accounts of all Partners and the Carrying Value of all Partnership property
shall be adjusted upward or downward to reflect any Unrealized Gain or Unrealized Loss attributable to such Partnership property, and any such Unrealized Gain or Unrealized Loss shall be treated, for purposes of maintaining Capital Accounts, as if
it had been recognized on an actual sale of each such property for an amount equal to its fair market value immediately prior to such issuance and had been allocated among the Partners at such time pursuant to Section 6.01
in the same manner as any item of gain or loss actually recognized following an event giving rise to the dissolution of the Partnership would have been allocated. In determining such Unrealized Gain or Unrealized

  
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Loss the aggregate fair market value of all Partnership property (including cash or cash equivalents) immediately prior to a distribution shall (A) in the case of a distribution that is not
made pursuant to Section 12.04 or in the case of a deemed distribution, be determined in the same manner as that provided in Section 5.05(d)(i) or (B) in the case of a liquidating distribution
pursuant to Section 12.04, be determined by the Liquidator using such method of valuation as it may adopt. 

Section 5.06 Issuances of Additional Partnership Interests and Derivative Partnership Interests. 

(a) The Partnership may issue additional Partnership Interests and Derivative Partnership Interests for any Partnership purpose at any time and
from time to time to such Persons for such consideration and on such terms and conditions as the General Partner shall determine, all without the approval of any Limited Partners. 

(b) Each additional Partnership Interest authorized to be issued by the Partnership pursuant to Section 5.06(a) may
be issued in one or more classes, or one or more series of any such classes, with such designations, preferences, rights, powers and duties (which may be senior to existing classes and series of Partnership Interests), as shall be fixed by the
General Partner, including (i) the right to share in Partnership profits and losses or items thereof; (ii) the right to share in Partnership distributions; (iii) the rights upon dissolution and liquidation of the Partnership;
(iv) whether, and the terms and conditions upon which, the Partnership may, or shall be required to, redeem the Partnership Interest; (v) whether such Partnership Interest is issued with the privilege of conversion or exchange and, if so,
the terms and conditions of such conversion or exchange; (vi) the terms and conditions upon which each Partnership Interest will be issued, evidenced by Certificates and assigned or transferred; (vii) the method for determining the
Percentage Interest as to such Partnership Interest and (viii) the right, if any, of each such Partnership Interest to vote on Partnership matters, including matters relating to the relative rights, preferences and privileges of such
Partnership Interest. 
 (c) The General Partner shall take all actions that it determines to be necessary or appropriate in connection with
(i) each issuance of Partnership Interests and Derivative Partnership Interests pursuant to this Section 5.06, (ii) the admission of such additional Limited Partners in the Partnership Register as the Record Holders of
such Limited Partner Interests, (iii) the issuance of Class B Units pursuant to Section 5.11 and the conversion of Class B Units into Common Units pursuant to the terms of this Agreement and (iv) all
additional issuances of Partnership Interests and Derivative Partnership Interests. The General Partner shall determine the relative rights, powers and duties of the holders of the Units or other Partnership Interests or Derivative Partnership
Interests being so issued. The General Partner shall do all things necessary to comply with the Delaware Act and is authorized and directed to do all things that it determines to be necessary or appropriate in connection with any future issuance of
Partnership Interests or Derivative Partnership Interests pursuant to the terms of this Agreement, including compliance with any statute, rule, regulation or guideline of any federal, state or other governmental agency or any National Securities
Exchange on which the Units or other Partnership Interests are listed or admitted to trading. 
 (d) No fractional Units shall be issued by
the Partnership. 

  
 33 

 Section 5.07 [Reserved.] 

Section 5.08 Limited Preemptive Right. Except as provided in this Section 5.08 or as otherwise provided
in a separate agreement by the Partnership, no Person shall have any preemptive, preferential or other similar right with respect to the issuance of any Partnership Interest, whether unissued, held in the treasury or hereafter created. The General
Partner shall have the right, which it may from time to time assign in whole or in part to any of its Affiliates, to purchase Partnership Interests from the Partnership whenever, and on the same terms that, the Partnership issues Partnership
Interests to Persons other than the General Partner and its Affiliates, to the extent necessary to maintain the Percentage Interests of the General Partner and its Affiliates equal to that which existed immediately prior to the issuance of such
Partnership Interests. The determination by the General Partner to exercise (or refrain from exercising) its right pursuant to the immediately preceding sentence shall be a determination made in its individual capacity. 

Section 5.09 Splits and Combinations. 

(a) The Partnership may make a Pro Rata distribution of Partnership Interests to all Record Holders or may effect a subdivision or combination
of Partnership Interests so long as, after any such event, each Partner shall have the same Percentage Interest in the Partnership as before such event, and any amounts calculated on a per Unit basis or stated as a number of Units are
proportionately adjusted. 
 (b) Whenever such a distribution, subdivision or combination of Partnership Interests is declared, the General
Partner shall select a Record Date as of which the distribution, subdivision or combination shall be effective and shall send notice thereof at least 20 days prior to such Record Date to each Record Holder as of a date not less than 10 days prior to
the date of such notice (or such shorter periods as required by applicable law). The General Partner also may cause a firm of independent public accountants selected by it to calculate the number of Partnership Interests to be held by each Record
Holder after giving effect to such distribution, subdivision or combination. The General Partner shall be entitled to rely on any certificate provided by such firm as conclusive evidence of the accuracy of such calculation. 

(c) Promptly following any such distribution, subdivision or combination, the Partnership may issue Certificates or uncertificated Partnership
Interests to the Record Holders of Partnership Interests as of the applicable Record Date representing the new number of Partnership Interests held by such Record Holders, or the General Partner may adopt such other procedures that it determines to
be necessary or appropriate to reflect such changes. If any such combination results in a smaller total number of Partnership Interests Outstanding, the Partnership shall require, as a condition to the delivery to a Record Holder of Partnership
Interests represented by Certificates, the surrender of any Certificate held by such Record Holder immediately prior to such Record Date. 

(d) The Partnership shall not issue fractional Units upon any distribution, subdivision or combination of Units. If a distribution, subdivision
or combination of Units would result in the issuance of fractional Units but for the provisions of Section 5.06(d) and this Section 5.09(d), each fractional Unit shall be rounded to the nearest
whole Unit (or hypothetical limited partner unit), with fractional Units equal to or greater than a 0.5 Unit being rounded to the next higher Unit. 

  
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 Section 5.10 Fully Paid and Non-Assessable
Nature of Limited Partner Interests. All Limited Partner Interests issued pursuant to, and in accordance with the requirements of, this Article V shall be fully paid and non-assessable Limited Partner
Interests in the Partnership, except as such non-assessability may be affected by Sections 17-303(a), 17-607 or 17-804 of the Delaware Act. 
 Section 5.11 Establishment of Class B Units.

 (a) Establishment. The General Partner hereby designates and creates a series of Limited Partner Interests to be designated as
“Class B Units,” initially consisting of a total of 3,000,000 Class B Units, having the terms and conditions set forth herein. 

(b) Splits and Combinations of Class B Units. Upon a distribution, subdivision or combination of Common Units
pursuant to Section 5.09, the Partnership shall simultaneously cause a distribution, subdivision or combination, as applicable, of Class B Units in the same proportion and to the same extent as such distribution,
subdivision or combination of Common Units. 
 (c) Conversion of Class B Units to Common Units. 

(i) On the Class B Conversion Date, each Class B Unit shall automatically convert into a Common Unit on a one-for-one basis. Notwithstanding any other provision of this Agreement, all Class B Units shall automatically convert into Common Units on a one-for-one basis (A) immediately before the consummation of a Change of Control, (B) immediately before the consummation of a merger, consolidation or conversion of
the Partnership pursuant to Article XIV (except for a Class B Cancellation Event), and (C) immediately upon the dissolution of the Partnership pursuant to Article XII but before any liquidating distributions are made pursuant
to Section 12.04(c). 
 (ii) Upon conversion, the rights of a holder of Converted Class B Units as holder of
Class B Units shall cease with respect to such Converted Class B Units, including any rights under this Agreement with respect to holders of Class B Units, and such Person shall continue to be a Limited Partner and have the rights of
a holder of Common Units under this Agreement. All Class B Units shall, upon conversion pursuant to this Section 5.11(c), be deemed to be transferred to, and cancelled by, the Partnership in exchange for the Common
Units into which the Class B Units converted. 
 (iii) The Partnership shall pay any documentary, stamp or similar issue or transfer
taxes or duties relating to the issuance or delivery of Common Units upon conversion of the Class B Units. However, the holder shall pay any tax or duty which may be payable relating to any transfer involving the issuance or delivery of Common
Units in a name other than the holder’s name. The Transfer Agent may refuse to deliver a Certificate representing Common Units being issued in a name other than the holder’s name until the Transfer Agent receives a sum sufficient to pay
any tax or duties which will be due because the Common Units are to be issued in a name other than the holder’s name. Nothing herein shall preclude any tax withholding required by law or regulation. 

  
 35 

 (iv) 
  

	 	(A)	 All Common Units delivered upon conversion of the Class B Units shall be newly issued, shall be duly
authorized and validly issued, and shall be free from preemptive rights (except as otherwise provided in Section 5.08) and free of any lien or adverse claim. 

 

	 	(B)	 The Partnership shall comply with all applicable securities laws regulating the offer and delivery of any
Common Units upon conversion of Class B Units and, if the Common Units are then listed or admitted to trading on any National Securities Exchange, shall list or cause to be admitted to trading, as applicable, and keep listed or admitted to
trading, as applicable, the Common Units issuable upon conversion of the Class B Units to the extent permitted or required by the rules of such National Securities Exchange. 

(d) Voting. Notwithstanding anything to the contrary contained in this Agreement and except as set forth in Article XIII, the
Class B Units shall not have any voting rights and shall not be entitled to vote on or approve any matters. 
 (e) Other Rights of
Class B Units. The holder of a Class B Unit shall have all of the rights and obligations of a Unitholder holding a Common Unit hereunder, except (i) with respect to the right to vote on or approve matters,
(ii) the right to participate in the allocation of income, gain, loss and deduction to Common Units pursuant to Article VI and (iii) for the right to participate in distributions made with respect Common Units pursuant to Article
VI; provided, however, that immediately upon the conversion of a Class B Unit into a Common Unit pursuant to Section 5.11(c), the Unitholder holding such Common Unit issued upon conversion of such
Class B Unit shall possess all of the rights and obligations of a Unitholder holding a Common Unit hereunder with respect to such Common Unit issued upon conversion of such Class B Unit, including the right to participate in distributions
made with respect to Common Units pursuant to Article VI. For the avoidance of doubt, the holder of a Class B Unit that is entitled to convert but has not yet converted pursuant to Section 5.11(c) shall not have
the right to participate in distributions made with respect to Common Units pursuant to Article VI until such Class B Unit is converted into a Common Unit pursuant to Section 5.11(c). 

(f) Cancellation of Class B Units. Immediately before the consummation of a Class B Cancellation Event,
(i) all Class B Units shall automatically be canceled and eliminated, cease to exist and no longer be Outstanding and (ii) each holder of such canceled Class B Units shall automatically cease to have any rights with respect
thereto. 

  
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 ARTICLE VI 

ALLOCATIONS AND DISTRIBUTIONS 

Section 6.01 Allocations for Capital Account Purposes. For purposes of maintaining the Capital Accounts and in determining the
rights of the Partners among themselves, the Partnership’s items of income, gain, loss and deduction (computed in accordance with Section 5.05(b)) for each taxable period shall be allocated among the Partners as
provided herein below. 
 (a) Net Income. After giving effect to the special allocations set forth in
Section 6.01(d), Net Income for each taxable period and all items of income, gain, loss and deduction taken into account in computing Net Income for such taxable period shall be allocated as follows: 

(i) First, to the General Partner until the aggregate of the Net Income allocated to the General Partner pursuant to this
Section 6.01(a)(i) for the current and all previous taxable periods is equal to the aggregate of the Net Loss allocated to the General Partner pursuant to Section 6.01(b)(iii) for all previous
taxable periods; 
 (ii) Second, to the holders of Class B Units, Pro Rata, until the aggregate of the Net Income allocated to the
holder of such Class B Unit pursuant to this Section 6.1(a)(ii) for the current and all previous taxable periods is equal to the aggregate of the Net Loss allocated to the holder of such Class B Unit pursuant to
Section 6.1(b)(ii) for all previous taxable periods; and 
 (iii) The balance, if any, to all Unitholders, Pro
Rata. 
 (b) Net Loss. After giving effect to the special allocations set forth in Section 6.01(d), Net Loss
for each taxable period and all items of income, gain, loss and deduction taken into account in computing Net Loss for such taxable period shall be allocated as follows: 

(i) First, to the Unitholders, Pro Rata; provided, however, that Net Losses shall not be allocated pursuant to this
Section 6.01(b)(i) to the extent that such allocation would cause any Unitholder to have a deficit balance in its Adjusted Capital Account at the end of such taxable period (or increase any existing deficit balance in its
Adjusted Capital Account); and 
 (ii) The balance, if any, 100% to the General Partner. 

(c) [Reserved.] 

  
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 (d) Special Allocations. Notwithstanding any other provision of this
Section 6.01, the following special allocations shall be made for such taxable period in the following order: 

(i) Partnership Minimum Gain Chargeback. Notwithstanding any other provision of this Section 6.01, if there
is a net decrease in Partnership Minimum Gain during any Partnership taxable period, each Partner shall be allocated items of Partnership income and gain for such period (and, if necessary, subsequent periods) in the manner and amounts provided in
Treasury Regulation Sections 1.704-2(f)(6), 1.704-2(g)(2) and 1.704-2(j)(2)(i), or any successor provision. For purposes of this
Section 6.01(d), each Partner’s Adjusted Capital Account balance shall be determined, and the allocation of income or gain required hereunder shall be effected, prior to the application of any other allocations
pursuant to this Section 6.01(d) with respect to such taxable period (other than an allocation pursuant to Section 6.01(d)(vi) and Section 6.01(d)(vii)). This
Section 6.01(d)(i) is intended to comply with the Partnership Minimum Gain chargeback requirement in Treasury Regulation Section 1.704-2(f) and shall be interpreted consistently
therewith. 
 (ii) Chargeback of Partner Nonrecourse Debt Minimum Gain. Notwithstanding the other provisions of this
Section 6.01 (other than Section 6.01(d)(i)), except as provided in Treasury Regulation Section 1.704-2(i)(4), if there is a net decrease in Partner
Nonrecourse Debt Minimum Gain during any Partnership taxable period, any Partner with a share of Partner Nonrecourse Debt Minimum Gain at the beginning of such taxable period shall be allocated items of Partnership income and gain for such period
(and, if necessary, subsequent periods) in the manner and amounts provided in Treasury Regulation Sections 1.704-2(i)(4) and 1.704-2(j)(2)(ii), or any successor
provision. For purposes of this Section 6.01(d), each Partner’s Adjusted Capital Account balance shall be determined, and the allocation of income or gain required hereunder shall be effected, prior to the application
of any other allocations pursuant to this Section 6.01(d) and other than an allocation pursuant to Section 6.01(d)(i), Section 6.01(d)(vi) and
Section 6.01(d)(vii) with respect to such taxable period. This Section 6.01(d)(ii) is intended to comply with the chargeback of items of income and gain requirement in Treasury Regulation Section 1.704-2(i)(4) and shall be interpreted consistently therewith. 
 (iii) Priority
Allocations. If the amount of cash or the Net Agreed Value of any property distributed (except (i) distributions of the Cash Consideration, or (ii) cash or property distributed pursuant to Section 12.04 or with
respect to Class B Units) with respect to a Unit for a taxable period exceeds the amount of cash or the Net Agreed Value of property distributed with respect to another Unit within the same taxable period (the amount of the
excess, an “Excess Distribution” and the Unit with respect to which the greater distribution is paid, an “Excess Distribution Unit”), then there shall be allocated gross income and gain
to each Unitholder receiving an Excess Distribution with respect to the Excess Distribution Unit until the aggregate amount of such items allocated with respect to such Excess Distribution Unit pursuant to this
Section 6.01(d)(iii) for the current taxable period and all previous taxable periods is equal to the amount of the Excess Distribution. 

(iv) Qualified Income Offset. In the event any Partner unexpectedly receives any adjustments, allocations or distributions described in
Treasury Regulation Sections 1.704-1(b)(2)(ii)(d)(4), 1.704-1(b)(2)(ii)(d)(5), or 1.704-1(b)(2)(ii)(d)(6), items of Partnership
gross income and gain shall be specially allocated to such Partner in an amount and manner sufficient to eliminate, to the extent required by the Treasury Regulations promulgated under Section 704(b) of the Code, the deficit balance, if any, in
its Adjusted Capital Account created by 

  
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such adjustments, allocations or distributions as quickly as possible; provided, however, that an allocation pursuant to this Section 6.01(d)(iv) shall be
made only if and to the extent that such Partner would have a deficit balance in its Adjusted Capital Account as adjusted after all other allocations provided for in this Section 6.01 have been tentatively made as if this
Section 6.01(d)(iv) were not in this Agreement. 
 (v) Gross Income Allocation. In the event any Partner
has a deficit balance in its Capital Account at the end of any taxable period in excess of the sum of (A) the amount such Partner is required to restore pursuant to the provisions of this Agreement and (B) the amount such Partner is deemed
obligated to restore pursuant to Treasury Regulation Sections 1.704-2(g) and 1.704-2(i)(5), such Partner shall be specially allocated items of Partnership gross income
and gain in the amount of such excess as quickly as possible; provided, however, that an allocation pursuant to this Section 6.01(d)(v) shall be made only if and to the extent that such Partner would have a
deficit balance in its Capital Account as adjusted after all other allocations provided for in this Section 6.01 have been tentatively made as if Section 6.01(d)(iv) and this
Section 6.01(d)(v) were not in this Agreement. 
 (vi) Nonrecourse Deductions. Nonrecourse Deductions for
any taxable period shall be allocated to the Partners Pro Rata. If the General Partner determines that the Partnership’s Nonrecourse Deductions should be allocated in a different ratio to satisfy the safe harbor requirements of the Treasury
Regulations promulgated under Section 704(b) of the Code, the General Partner is authorized, upon notice to the other Partners, to revise the prescribed ratio to the numerically closest ratio that satisfies such requirements. 

(vii) Partner Nonrecourse Deductions. Partner Nonrecourse Deductions for any taxable period shall be allocated 100% to the Partner that
bears the Economic Risk of Loss with respect to the Partner Nonrecourse Debt to which such Partner Nonrecourse Deductions are attributable in accordance with Treasury Regulation Section 1.704-2(i). If
more than one Partner bears the Economic Risk of Loss with respect to a Partner Nonrecourse Debt, the Partner Nonrecourse Deductions attributable thereto shall be allocated between or among such Partners in accordance with the ratios in which they
share such Economic Risk of Loss. 
 (viii) Nonrecourse Liabilities. For purposes of Treasury Regulation Section 1.752-3(a)(3), the Partners agree that Nonrecourse Liabilities of the Partnership in excess of the sum of (A) the amount of Partnership Minimum Gain and (B) the total amount of Nonrecourse Built-in Gain shall be allocated as determined by the General Partner in accordance with any permissible method under Treasury Regulation Section 1.752-3(a)(3). 

(ix) Code Section 754 Adjustments. To the extent an adjustment to the adjusted tax basis of any Partnership asset
pursuant to Section 734(b) or 743(b) of the Code (including pursuant to Treasury Regulation Section 1.734-2(b)(1)) is required, pursuant to Treasury Regulation
Section 1.704-1(b)(2)(iv)(m), to be taken into account in determining Capital Accounts, the amount of such adjustment to the Capital Accounts shall be treated as an item of gain (if the adjustment
increases the basis of the asset) or loss (if the adjustment decreases such basis), and such item of gain or loss shall be specially allocated to the Partners in a manner consistent with the manner in which their Capital Accounts are required to be
adjusted pursuant to such Section of the Treasury Regulations. 

  
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 (x) Economic Uniformity; Changes in Law. 

 

	 	(A)	 At the election of the General Partner, all or a portion of the remaining items of Partnership gross income,
gain, deduction or loss for any taxable period, after taking into account allocations pursuant to Section 6.01(d)(iii), shall be allocated 100% to the holder or holders of Class B Units or the Common Units resulting
from the conversion of Class B Units pursuant to Section 5.11(c) (“Converted Class B Units”) in the proportion of the number of the Class B Units or the Converted Class B
Units held by such holder or holders to the total number of Class B Units or Converted Class B Units then Outstanding, until each such holder has been allocated an amount of income, gain, loss or deduction that causes the Capital Account
maintained with respect to such Class B Units or Converted Class B Units to be an amount equal to the product of (1) the number of Class B Units or Converted Class B Units held by such holder and (2) the Per Unit
Capital Amount for a Common Unit (other than a Common Unit issued upon the conversion of a Class B Unit). The purpose of this allocation is to establish uniformity between the Capital Accounts underlying Class B Units or the Converted
Class B Units and the Capital Accounts underlying most or all of the Common Units held by Persons other than the General Partner and its Affiliates. 

  

	 	(B)	 At the election of the General Partner, with respect to any taxable period during which a Sponsor Common Unit
is transferred to any Partner who is not an Affiliate of the transferor, all or a portion of the remaining items of gross income or gain for such taxable period shall be allocated 100% to the transferor Partner of such transferred Sponsor Common
Unit until such transferor Partner has been allocated an amount of gross income or gain that increases the Capital Account maintained with respect to such transferred Sponsor Common Unit to an amount equal to the Per Unit Capital Account for an
Initial Common Unit. 

  
 40 

	 	(C)	 For the proper administration of the Partnership and for the preservation of uniformity of the Limited Partner
Interests (or any class or classes thereof), the General Partner shall (1) adopt such conventions as it deems appropriate in determining the amount of depreciation, amortization and cost recovery deductions; (2) make special allocations of
income, gain, loss, deduction, Unrealized Gain or Unrealized Loss; and (3) amend the provisions of this Agreement as appropriate (x) to reflect the proposal or promulgation of Treasury Regulations under Section 704(b) or
Section 704(c) of the Code or (y) otherwise to preserve or achieve uniformity of the Limited Partner Interests (or any class or classes thereof). The General Partner may adopt such conventions, make such allocations and make such
amendments to this Agreement as provided in this Section 6.01(d)(x)(C) only if such conventions, allocations or amendments would not have a material adverse effect on the Partners, the holders of any class or classes of
Limited Partner Interests issued and Outstanding or the Partnership, and if such allocations are consistent with the principles of Section 704 of the Code. 

(xi) Curative Allocation. 
  

	 	(A)	 Notwithstanding any other provision of this Section 6.01, other than the Required
Allocations, the Required Allocations shall be taken into account in making the Agreed Allocations so that, to the extent possible, the net amount of items of gross income, gain, loss and deduction allocated to each Partner pursuant to the Required
Allocations and the Agreed Allocations, together, shall be equal to the net amount of such items that would have been allocated to each such Partner under the Agreed Allocations had the Required Allocations and the related Curative Allocation not
otherwise been provided in this Section 6.01. Notwithstanding the preceding sentence, Required Allocations relating to (1) Nonrecourse Deductions shall not be taken into account except to the extent that there has been
a decrease in Partnership Minimum Gain and (2) Partner Nonrecourse Deductions shall not be taken into account except to the extent that there has been a decrease in Partner Nonrecourse Debt Minimum Gain. In exercising its discretion under this
Section 6.01(d)(xi)(A), the General Partner may take into account future Required Allocations that, although not yet made, are likely to offset other Required Allocations previously made. Allocations pursuant to this
Section 6.01(d)(xi)(A) shall only be made with respect to Required Allocations to the extent the General Partner determines that such allocations will otherwise be inconsistent with the economic agreement among the
Partners. Further, allocations pursuant to this Section 6.01(d)(xi)(A) shall be deferred with respect to allocations pursuant to clauses (1) and (2) of the second sentence of this
Section 6.01(d)(xi)(A) to the extent the General Partner determines that such allocations are likely to be offset by subsequent Required Allocations. 

  
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	 	(B)	 The General Partner shall, with respect to each taxable period, (1) apply the provisions of
Section 6.01(d)(xi)(A) in whatever order is most likely to minimize the economic distortions that might otherwise result from the Required Allocations, and (2) divide all allocations pursuant to
Section 6.01(d)(xi)(A) among the Partners in a manner that is likely to minimize such economic distortions. 

Section 6.02 Allocations for Tax Purposes. 

(a) Except as otherwise provided herein, for U.S. federal income tax purposes, each item of income, gain, loss and deduction shall be allocated
among the Partners in the same manner as its correlative item of “book” income, gain, loss or deduction is allocated pursuant to Section 6.01. 

(b) In an attempt to eliminate Book-Tax Disparities attributable to a Contributed Property or Adjusted
Property, items of income, gain, loss, depreciation, amortization and cost recovery deductions shall be allocated for federal income tax purposes among the Partners in the manner provided under Section 704(c) of the Code, and the Treasury
Regulations promulgated under Section 704(b) and 704(c) of the Code, as determined to be appropriate by the General Partner; provided, however, that the General Partner shall apply the principles of Treasury Regulation Section 1.704-3(d) in all events. 
 (c) The General Partner may determine to depreciate or amortize
the portion of an adjustment under Section 743(b) of the Code attributable to unrealized appreciation in any Adjusted Property (to the extent of the unamortized Book-Tax Disparity) using a predetermined
rate derived from the depreciation or amortization method and useful life applied to the unamortized Book-Tax Disparity of such property, despite any inconsistency of such approach with Treasury Regulation Section 1.167(c)-l(a)(6) or any successor regulations thereto. If the General Partner determines that such reporting position cannot reasonably be taken, the General Partner may adopt depreciation and
amortization conventions under which all purchasers acquiring Limited Partner Interests in the same month would receive depreciation and amortization deductions, based upon the same applicable rate as if they had purchased a direct interest in the
Partnership’s property. If the General Partner chooses not to utilize such aggregate method, the General Partner may use any other depreciation and amortization conventions to preserve the uniformity of the intrinsic tax characteristics of any
Limited Partner Interests, so long as such conventions would not have a material adverse effect on the Limited Partners or the Record Holders of any class or classes of Limited Partner Interests. 

  
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 (d) In accordance with Treasury Regulation Sections
1.1245-1(e) and 1.1250-1(f), any gain allocated to the Partners upon the sale or other taxable disposition of any Partnership asset shall, to the extent possible, after
taking into account other required allocations of gain pursuant to this Section 6.02, be characterized as Recapture Income in the same proportions and to the same extent as such Partners (or their predecessors in interest)
have been allocated any deductions directly or indirectly giving rise to the treatment of such gains as Recapture Income. 
 (e) All items of
income, gain, loss, deduction and credit recognized by the Partnership for federal income tax purposes and allocated to the Partners in accordance with the provisions hereof shall be determined without regard to any election under Section 754
of the Code that may be made by the Partnership; provided, however, that such allocations, once made, shall be adjusted (in the manner determined by the General Partner) to take into account those adjustments permitted or required by
Sections 734 and 743 of the Code. 
 (f) Each item of Partnership income, gain, loss and deduction, for federal income tax purposes, shall be
determined for each taxable period and prorated on a monthly basis and shall be allocated to the Partners as of the opening of the National Securities Exchange on which the Partnership Interests are listed or admitted to trading on the first
Business Day of each month; provided, however, that gain or loss on a sale or other disposition of any assets of the Partnership or any other extraordinary item of income or loss realized and recognized other than in the ordinary
course of business, as determined by the General Partner, shall be allocated to the Partners as of the opening of the National Securities Exchange on which the Partnership Interests are listed or admitted to trading on the first Business Day of the
month in which such gain or loss is recognized for federal income tax purposes. The General Partner may revise, alter or otherwise modify such methods of allocation to the extent permitted or required by Section 706 of the Code and the
regulations or rulings promulgated thereunder or for the proper administration of the Partnership. 
 (g) Allocations that would otherwise be
made to a Limited Partner under the provisions of this Article VI shall instead be made to the beneficial owner of Limited Partner Interests held by a nominee, agent or representative in any case in which such nominee, agent or representative
has furnished the identity of such owner to the Partnership in accordance with Section 6031(c) of the Code or any other method determined by the General Partner. 

(h) If, as a result of an exercise of a Noncompensatory Option, a Capital Account reallocation is required under Treasury Regulation Section 1.704-1(b)(2)(iv)(s)(3), the General Partner shall make corrective allocations pursuant to Treasury Regulation Section 1.704-1(b)(4)(x). 

Section 6.03 Requirement and Characterization of Distributions; Distributions to Record Holders. 

(a) Within 45 days following the end of each Quarter, an amount equal to 100% of Available Cash with respect to such Quarter shall be
distributed in accordance with this Article VI by the Partnership to the Partners Pro Rata, as of the Record Date selected by the General Partner. Distributions and redemption payments, if any, by the Partnership shall be subject to the
Delaware Act notwithstanding any other provision of this Agreement. For avoidance of doubt, the Class B Units and the General Partner Interest shall not be entitled to distributions made pursuant to this Section 6.03(a). 

  
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 (b) Notwithstanding Section 6.03(a) (but subject to the last
sentence of Section 6.03(a)), in the event of the dissolution and liquidation of the Partnership, all cash received during or after the Quarter in which the Liquidation Date occurs shall be applied and distributed solely in
accordance with, and subject to the terms and conditions of, Section 12.04. 
 (c) The General Partner may treat
taxes paid by the Partnership on behalf of, or amounts withheld with respect to, all or less than all of the Partners, as a distribution of Available Cash to such Partners, as determined appropriate under the circumstances by the General Partner.

 (d) Each distribution in respect of a Partnership Interest shall be paid by the Partnership, directly or through the Transfer Agent or
through any other Person or agent, only to the Record Holder of such Partnership Interest as of the Record Date set for such distribution. Such payment shall constitute full payment and satisfaction of the Partnership’s liability in respect of
such payment, regardless of any claim of any Person who may have an interest in such payment by reason of an assignment or otherwise. 

Section 6.04 Special Provisions Relating to the Class B Units. 

(a) The holder or holders of Converted Class B Units resulting from the conversion pursuant to Section 5.11(c)
of any Class B Units issued pursuant to Section 5.11 shall not be issued a Common Unit Certificate pursuant to Section 4.01, and shall not be permitted to transfer such Common Units until such
time as the General Partner determines, based on advice of counsel, that each such Common Unit should have, as a substantive matter, like intrinsic economic and federal income tax characteristics, in all material respects, to the intrinsic economic
and federal income tax characteristics of an Initial Common Unit. In connection with the condition imposed by this Section 6.04(a), the General Partner may take whatever steps are required to provide economic uniformity to
such Common Units, including the application of Section 6.01(d)(x)(A); provided, however, that no such steps may be taken that would have a material adverse effect on the Unitholders holding Common Units (for this purpose
the allocations of items of income, gain, loss or deduction with respect to Class B Units or with respect to Common Units will be deemed not to have a material adverse effect on the Common Units). 

(b) A Unitholder shall not be permitted to transfer a Class B Unit or a Converted Class B Unit (other than a transfer to an
Affiliate) if the remaining balance in the transferring Unitholder’s Capital Account after giving effect to the allocation under Section 5.05(c) would be negative. 

  
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 ARTICLE VII 

MANAGEMENT AND OPERATION OF BUSINESS 

Section 7.01 Management. 

(a) The General Partner shall conduct, direct and manage all activities of the Partnership. Except as otherwise expressly provided in this
Agreement, all management powers over the business and affairs of the Partnership shall be exclusively vested in the General Partner, and no Limited Partner, in its capacity as such, shall have any management power over the business and affairs of
the Partnership. In addition to the powers now or hereafter granted to a general partner of a limited partnership under applicable law or that are granted to the General Partner under any other provision of this Agreement, the General Partner,
subject to Section 7.03, shall have full power and authority to do all things and on such terms as it determines to be necessary or appropriate to conduct the business of the Partnership, to exercise all powers set forth in
Section 2.05 and to effectuate the purposes set forth in Section 2.04, including the following: 

(i) the making of any expenditures, the lending or borrowing of money, the assumption or guarantee of, or other contracting for, indebtedness
and other liabilities, the issuance of evidences of indebtedness, including indebtedness that is convertible into or exchangeable for Partnership Interests, and the incurring of any other obligations; 

(ii) the making of tax, regulatory and other filings, or rendering of periodic or other reports to governmental or other agencies having
jurisdiction over the business or assets of the Partnership; 
 (iii) the acquisition, disposition, mortgage, pledge, encumbrance,
hypothecation or exchange of any or all of the assets of the Partnership or the merger or other combination of the Partnership with or into another Person (the matters described in this clause (iii) being subject, however,
to any prior approval that may be required by Section 7.03 and Article XIV); 
 (iv) the use of the assets
of the Partnership (including cash on hand) for any purpose consistent with the terms of this Agreement, including the financing of the conduct of the operations of the Partnership Group; subject to Section 7.06(a), the
lending of funds to other Persons (including other Group Members); the repayment or guarantee of obligations of any Group Member; and the making of capital contributions to any Group Member; 

(v) the negotiation, execution and performance of any contracts, conveyances or other instruments (including instruments that limit the
liability of the Partnership under contractual arrangements to all or particular assets of the Partnership, with the other party to the contract to have no recourse against the General Partner or its assets other than its interest in the
Partnership, even if the same results in the terms of the transaction being less favorable to the Partnership than would otherwise be the case); 

(vi) the distribution of cash held by the Partnership; 

(vii) the selection and dismissal of officers, employees, agents, internal and outside attorneys, accountants, consultants and contractors and
the determination of their compensation and other terms of employment or hiring; 
 (viii) the maintenance of insurance for the benefit of
the Partnership Group, the Partners and Indemnitees; 

  
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 (ix) the formation of, or acquisition of an interest in, and the contribution of property
and the making of loans to, any further limited or general partnerships, joint ventures, corporations, limited liability companies or other Persons (including the acquisition of interests in, and the contributions of property to, any Group Member
from time to time) subject to the restrictions set forth in Section 2.04; 
 (x) the control of any matters
affecting the rights and obligations of the Partnership, including the bringing and defending of actions at law or in equity and otherwise engaging in the conduct of litigation, arbitration or mediation and the incurring of legal expense and the
settlement of claims and litigation; 
 (xi) the indemnification of any Person against liabilities and contingencies to the extent permitted
by law; 
 (xii) the entering into of listing agreements with any National Securities Exchange and the delisting of some or all of the
Limited Partner Interests from, or requesting that trading be suspended on, any such exchange (subject to any prior approval that may be required under Section 4.08); 

(xiii) the purchase, sale or other acquisition or disposition of Partnership Interests, or the issuance of Derivative Partnership Interests;

 (xiv) the undertaking of any action in connection with the Partnership’s participation in the management of any Group Member; and

 (xv) the entering into of agreements with any of its Affiliates to render services to a Group Member or to itself in the discharge of its
duties as General Partner of the Partnership. 
 (b) Notwithstanding any other provision of this Agreement, any Group Member Agreement, the
Delaware Act or any applicable law, rule or regulation, each Record Holder and each other Person who may acquire an interest in a Partnership Interest or that is otherwise bound by this Agreement hereby (i) approves, ratifies and confirms the
execution, delivery and performance by the parties thereto of this Agreement and the Group Member Agreement of each other Group Member, the Omnibus Agreement, the Contribution Agreement, the Operational Services Agreement and the other agreements
described in or filed as exhibits to the IPO Registration Statement that are related to the transactions contemplated by the IPO Registration Statement (collectively, the “Transaction Documents”) (in each case other than this
Agreement, without giving effect to any amendments, supplements or restatements thereof entered into after the date such Person becomes bound by the provisions of this Agreement); (ii) agrees that the General Partner (on its own or on behalf of the
Partnership) was authorized to execute, deliver and perform the agreements referred to in clause (i) of this sentence and the other agreements, acts, transactions and matters described in or contemplated by the IPO
Registration Statement on behalf of the Partnership without any further act, approval or vote of the Partners or the other Persons who may acquire an interest in Partnership Interests or are otherwise bound by this Agreement;

  
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and (iii) agrees that the execution, delivery or performance by the General Partner, any Group Member or any Affiliate of any of them of this Agreement or any agreement authorized or
permitted under this Agreement (including the exercise by the General Partner or any Affiliate of the General Partner of the rights accorded pursuant to Article XV) did not constitute a breach by the General Partner of any duty that the
General Partner may owe the Partnership or the Limited Partners or any other Persons under this Agreement (or any other agreements) or of any duty existing at law, in equity or otherwise. 

Section 7.02 Certificate of Limited Partnership. The General Partner has caused the Certificate of Limited Partnership to be filed
with the Secretary of State of the State of Delaware as required by the Delaware Act. The General Partner shall use all reasonable efforts to cause to be filed such other certificates or documents that the General Partner determines to be necessary
or appropriate for the formation, continuation, qualification and operation of a limited partnership (or a partnership in which the limited partners have limited liability) in the State of Delaware or any other state in which the Partnership may
elect to do business or own property. To the extent the General Partner determines such action to be necessary or appropriate, the General Partner shall file amendments to and restatements of the Certificate of Limited Partnership and do all things
to maintain the Partnership as a limited partnership (or a partnership or other entity in which the limited partners have limited liability) under the laws of the State of Delaware or of any other state in which the Partnership may elect to do
business or own property. Subject to the terms of Section 3.03(a), the General Partner shall not be required, before or after filing, to deliver or mail a copy of the Certificate of Limited Partnership, any qualification
document or any amendment thereto to any Limited Partner. 
 Section 7.03 Restrictions on the General Partner’s
Authority to Sell Assets of the Partnership Group. 
 Except as provided in Article XII and Article XIV, the General
Partner may not sell, exchange or otherwise dispose of all or substantially all of the assets of the Partnership Group, taken as a whole, in a single transaction or a series of related transactions (including by way of merger, consolidation or other
combination or sale of ownership interests of the Partnership’s Subsidiaries) without the approval of holders of a Unit Majority; provided, however, that this provision shall not preclude or limit the General Partner’s
ability to mortgage, pledge, hypothecate or grant a security interest in all or substantially all of the assets of the Partnership Group and shall not apply to any forced sale of any or all of the assets of the Partnership Group pursuant to the
foreclosure of, or other realization upon, any such encumbrance. 
 Section 7.04 Reimbursement of and Other Payments to the General
Partner. 
 (a) Except as provided in this Section 7.04, and elsewhere in this Agreement or in the Omnibus
Agreement or the Operational Services Agreement, the General Partner shall not be compensated for its services as a general partner or member of any Group Member. 

  
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 (b) Except as may be otherwise provided in the Omnibus Agreement or the Operational Services
Agreement, the General Partner shall be reimbursed on a monthly basis, or such other basis as the General Partner may determine, for (i) all direct and indirect expenses it incurs or payments it makes on behalf of the Partnership Group
(including salary, bonus, incentive compensation and other amounts paid to any Person, including Affiliates of the General Partner, to perform services for the Partnership Group or for the General Partner in the discharge of its duties to the
Partnership Group) and (ii) all other expenses allocable to the Partnership Group or otherwise incurred by the General Partner or its Affiliates in connection with managing and operating the Partnership Group’s business and affairs
(including expenses allocated to the General Partner by its Affiliates). The General Partner shall determine the expenses that are allocable to the Partnership Group. Reimbursements pursuant to this Section 7.04 shall be in
addition to any reimbursement to the General Partner as a result of indemnification pursuant to Section 7.07. Any allocation of expenses to the Partnership by the General Partner in a manner consistent with its or its
Affiliates’ past business practices shall be deemed to have been made in good faith. 
 (c) The General Partner, without the approval of
the Limited Partners (who shall have no right to vote in respect thereof), may propose and adopt on behalf of the Partnership employee benefit plans, employee programs and employee practices (including plans, programs and practices involving the
issuance of Partnership Interests or Derivative Partnership Interests), or cause the Partnership to issue Partnership Interests or Derivative Partnership Interests in connection with, or pursuant to, any employee benefit plan, employee program or
employee practice maintained or sponsored by the General Partner or any of its Affiliates, in each case for the benefit of officers, employees, consultants and directors of the General Partner or any of its Affiliates, in respect of services
performed, directly or indirectly, for the benefit of the Partnership Group. The Partnership agrees to issue and sell to the General Partner or any of its Affiliates any Partnership Interests or Derivative Partnership Interests that the General
Partner or such Affiliates are obligated to provide to any officers, employees, consultants and directors pursuant to any such employee benefit plans, employee programs or employee practices. Expenses incurred by the General Partner in connection
with any such plans, programs and practices (including the net cost to the General Partner or such Affiliates of Partnership Interests or Derivative Partnership Interests purchased by the General Partner or such Affiliates from the Partnership to
fulfill options or awards under such plans, programs and practices) shall be reimbursed in accordance with Section 7.04(b). Any and all obligations of the General Partner under any employee benefit plans, employee programs
or employee practices adopted by the General Partner as permitted by this Section 7.04(c) shall constitute obligations of the General Partner hereunder and shall be assumed by any successor General Partner approved pursuant
to Section 11.01 or Section 11.02 or the transferee of or successor to all of the General Partner’s General Partner Interest pursuant to Section 4.06. 

(d) The General Partner and its Affiliates may charge any member of the Partnership Group a management fee to the extent necessary to allow the
Partnership Group to reduce the amount of any state franchise or income tax or any tax based upon the revenues or gross margin of any member of the Partnership Group if the tax benefit produced by the payment of such management fee or fees exceeds
the amount of such fee or fees. 
 (e) The General Partner and its Affiliates may enter into an agreement to provide services to any Group
Member for a fee or otherwise than for cost. 

  
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 Section 7.05 Outside Activities. 

(a) The General Partner, for so long as it is the General Partner of the Partnership, (i) agrees that its sole business will be to act as
a general partner or managing member, as the case may be, of the Partnership and any other partnership or limited liability company of which the Partnership is, directly or indirectly, a partner or member and to undertake activities that are
ancillary or related thereto (including being a Limited Partner in the Partnership) and (ii) shall not engage in any business or activity or incur any debts or liabilities except in connection with or incidental to (A) its performance as
general partner or managing member, if any, of one or more Group Members or as described in or contemplated by the IPO Registration Statement, (B) the acquiring, owning or disposing of debt securities or equity interests in any Group Member,
(C) the guarantee of, and mortgage, pledge or encumbrance of any or all of its assets in connection with, any indebtedness of any Group Member or (D) the performance of its obligations under the Omnibus Agreement. 

(b) Each Unrestricted Person (other than the General Partner) shall have the right to engage in businesses of every type and description and
other activities for profit and to engage in and possess an interest in other business ventures of any and every type or description, whether in businesses engaged in or anticipated to be engaged in by any Group Member, independently or with others,
including business interests and activities in direct competition with the business and activities of any Group Member, and none of the same shall constitute a breach of this Agreement or any duty otherwise existing at law, in equity or otherwise to
any Group Member or any Partner; provided, that such Unrestricted Person does not engage in such business or activity using confidential or proprietary information provided by or on behalf of the Partnership to such Unrestricted Person. None
of any Group Member, any Limited Partner or any other Person shall have any rights by virtue of this Agreement, any Group Member Agreement or the partnership relationship established hereby in any business ventures of any Unrestricted Person. 

(c) Subject to the terms of Section 7.05(a) and Section 7.05(b), but otherwise
notwithstanding anything to the contrary in this Agreement, (i) the engaging in competitive activities by any Unrestricted Person (other than the General Partner) in accordance with the provisions of this Section 7.05
is hereby approved by the Partnership and all Partners, (ii) it shall be deemed not to be a breach of any duty or any other obligation of any type whatsoever of the General Partner or any other Unrestricted Person for the Unrestricted Persons
(other than the General Partner) to engage in such business interests and activities in preference to or to the exclusion of the Partnership and (iii) the Unrestricted Persons shall have no obligation hereunder or as a result of any duty
otherwise existing at law, in equity or otherwise to present business opportunities to the Partnership. Notwithstanding anything to the contrary in this Agreement or any duty otherwise existing at law or in equity, the doctrine of corporate
opportunity, or any analogous doctrine, shall not apply to any Unrestricted Person (including the General Partner). No Unrestricted Person (including the General Partner) who acquires knowledge of a potential transaction, agreement, arrangement or
other matter that may be an opportunity for the Partnership shall have any duty to communicate or offer such opportunity to the Partnership, and such Unrestricted Person (including the General Partner) shall not be liable to the Partnership, to any
Limited Partner or any other Person bound by this Agreement for breach of any duty by reason of the fact that such Unrestricted Person (including the General Partner) pursues or acquires for itself, directs such opportunity to another Person or does
not communicate such opportunity or information to the Partnership; provided, that such Unrestricted Person does not engage in such business or activity using confidential or proprietary information provided by or on behalf of the Partnership
to such Unrestricted Person. 

  
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 (d) The General Partner and each of its Affiliates may acquire Units or other Partnership
Interests in addition to those acquired on the Closing Date and, except as otherwise provided in this Agreement, shall be entitled to exercise, at their option, all rights relating to all Units and/or other Partnership Interests acquired by them.
The term “Affiliates” when used in this Section 7.05(d) with respect to the General Partner shall not include any Group Member. 

Section 7.06 Loans from the General Partner; Loans or Contributions from the Partnership or Group Members. 

(a) The General Partner or any of its Affiliates may lend to any Group Member, and any Group Member may borrow from the General Partner or any
of its Affiliates, funds needed or desired by such Group Member for such periods of time and in such amounts as the General Partner may determine; provided, however, that in any such case the lending party may not charge the borrowing
party interest at a rate greater than the rate that would be charged the borrowing party or impose terms less favorable to the borrowing party than would be charged or imposed on the borrowing party by unrelated lenders on comparable loans made on
an arm’s-length basis (without reference to the lending party’s financial abilities or guarantees), all as determined by the General Partner. The borrowing party shall reimburse the lending party for
any costs (other than any additional interest costs) incurred by the lending party in connection with the borrowing of such funds. For purposes of this Section 7.06(a) and Section 7.06(b), the term
“Group Member” shall include any Affiliate of a Group Member that is controlled by the Group Member. 
 (b) The Partnership may
lend or contribute to any Group Member, and any Group Member may borrow from the Partnership, funds on terms and conditions determined by the General Partner. No Group Member may lend funds to the General Partner or any of its Affiliates (other than
another Group Member), except for short-term cash management purposes. 
 Section 7.07 Indemnification. 

(a) To the fullest extent permitted by law but subject to the limitations expressly provided in this Agreement, all Indemnitees shall be
indemnified and held harmless by the Partnership from and against any and all losses, claims, damages, liabilities, joint or several, expenses (including legal fees and expenses), judgments, fines, penalties, interest, settlements or other amounts
arising from any and all threatened, pending or completed claims, demands, actions, suits or proceedings, whether civil, criminal, administrative or investigative, and whether formal or informal and including appeals, in which any Indemnitee may be
involved, or is threatened to be involved, as a party or otherwise, by reason of its status as an Indemnitee and acting (or refraining to act) in such capacity on behalf of or for the benefit of the Partnership; provided, that the Indemnitee
shall not be indemnified and held harmless pursuant to this Agreement if there has been a final and non-appealable judgment entered by a court of competent jurisdiction determining that, in respect of the
matter for which the Indemnitee is seeking indemnification pursuant to this Agreement, the Indemnitee acted in bad faith or engaged in intentional fraud, willful misconduct or, in the case of a criminal matter, acted with knowledge that the
Indemnitee’s conduct was unlawful; provided, further, no indemnification pursuant to this Section 7.07 shall be available to 

  
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any Affiliate of the General Partner (other than a Group Member), or to any other Indemnitee, with respect to any such Affiliate’s obligations pursuant to the Transaction Documents. Any
indemnification pursuant to this Section 7.07 shall be made only out of the assets of the Partnership, it being agreed that the General Partner shall not be personally liable for such indemnification and shall have no
obligation to contribute or loan any monies or property to the Partnership to enable it to effectuate such indemnification. 
 (b) To the
fullest extent permitted by law, expenses (including legal fees and expenses) incurred by an Indemnitee who is indemnified pursuant to Section 7.07(a) in defending any claim, demand, action, suit or proceeding shall, from
time to time, be advanced by the Partnership prior to a final and non-appealable judgment entered by a court of competent jurisdiction determining that, in respect of the matter for which the Indemnitee is
seeking indemnification pursuant to this Section 7.07, the Indemnitee is not entitled to be indemnified upon receipt by the Partnership of any undertaking by or on behalf of the Indemnitee to repay such amount if it shall
be ultimately determined that the Indemnitee is not entitled to be indemnified as authorized by this Section 7.07. 

(c) The indemnification provided by this Section 7.07 shall be in addition to any other rights to which an Indemnitee
may be entitled under this Agreement or any other agreement, pursuant to any vote of the holders of Outstanding Limited Partner Interests, as a matter of law, in equity or otherwise, both as to actions in the Indemnitee’s capacity as an
Indemnitee and as to actions in any other capacity, and shall continue as to an Indemnitee who has ceased to serve in such capacity and shall inure to the benefit of the heirs, successors, assigns, executors and administrators of the Indemnitee.

 (d) The Partnership may purchase and maintain (or reimburse the General Partner or its Affiliates for the cost of) insurance, on behalf of
the General Partner, its Affiliates and such other Persons as the General Partner shall determine, against any liability that may be asserted against, or expense that may be incurred by, such Person in connection with the Partnership’s
activities or such Person’s activities on behalf of the Partnership, regardless of whether the Partnership would have the power to indemnify such Person against such liability under the provisions of this Agreement. 

(e) For purposes of this Section 7.07, the Partnership shall be deemed to have requested an Indemnitee to serve as
fiduciary of an employee benefit plan whenever the performance by it of its duties to the Partnership also imposes duties on, or otherwise involves services by, it to the plan or participants or beneficiaries of the plan; excise taxes assessed on an
Indemnitee with respect to an employee benefit plan pursuant to applicable law shall constitute “fines” within the meaning of Section 7.07(a); and action taken or omitted by it with respect to any employee benefit
plan in the performance of its duties for a purpose reasonably believed by it to be in the best interest of the participants and beneficiaries of the plan shall be deemed to be for a purpose that is in the best interests of the Partnership. 

(f) In no event may an Indemnitee subject the Limited Partners to personal liability by reason of the indemnification provisions set forth in
this Agreement. 

  
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 (g) An Indemnitee shall not be denied indemnification in whole or in part under this
Section 7.07 because the Indemnitee had an interest in the transaction with respect to which the indemnification applies if the transaction was otherwise permitted by the terms of this Agreement. 

(h) The provisions of this Section 7.07 are for the benefit of the Indemnitees and their heirs, successors, assigns,
executors and administrators and shall not be deemed to create any rights for the benefit of any other Persons. 
 (i) No amendment,
modification or repeal of this Section 7.07 or any provision hereof shall in any manner terminate, reduce or impair the right of any past, present or future Indemnitee to be indemnified by the Partnership, nor the
obligations of the Partnership to indemnify any such Indemnitee under and in accordance with the provisions of this Section 7.07 as in effect immediately prior to such amendment, modification or repeal with respect to
claims arising from or relating to matters occurring, in whole or in part, prior to such amendment, modification or repeal, regardless of when such claims may arise or be asserted. 

Section 7.08 Liability of Indemnitees. 

(a) Notwithstanding anything to the contrary set forth in this Agreement, no Indemnitee shall be liable for monetary damages to the
Partnership, the Limited Partners or any other Persons who are bound by this Agreement for losses sustained or liabilities incurred as a result of any act or omission of an Indemnitee unless there has been a final and
non-appealable judgment entered by a court of competent jurisdiction determining that, in respect of the matter in question, the Indemnitee acted in bad faith or engaged in intentional fraud, willful
misconduct or, in the case of a criminal matter, acted with knowledge that the Indemnitee’s conduct was unlawful. 
 (b) The General
Partner may exercise any of the powers granted to it by this Agreement and perform any of the duties imposed upon it hereunder either directly or by or through its agents, and the General Partner shall not be responsible for any misconduct or
negligence on the part of any such agent appointed by the General Partner in good faith. 
 (c) To the extent that, at law or in equity, an
Indemnitee has duties (including fiduciary duties) and liabilities relating thereto to the Partnership, to the Partners or to any such other Persons who are bound by this Agreement, the General Partner and any other Indemnitee acting in connection
with the Partnership’s business or affairs shall not be liable to the Partnership or to such Partners or to any such other Persons who are bound by this Agreement for its good faith reliance on the provisions of this Agreement. 

(d) Any amendment, modification or repeal of this Section 7.08 or any provision hereof shall be prospective only and
shall not in any way affect the limitations on the liability of the Indemnitees under this Section 7.08 as in effect immediately prior to such amendment, modification or repeal with respect to claims arising from or
relating to matters occurring, in whole or in part, prior to such amendment, modification or repeal, regardless of when such claims may arise or be asserted. 

  
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 Section 7.09 Standards of Conduct; Resolution of Conflicts of Interest and
Replacement of Duties. 
 (a) Whenever the General Partner makes a determination or takes or declines to take any action, or any
Affiliate of the General Partner causes the General Partner to do so, in its capacity as the general partner of the Partnership as opposed to in its individual capacity, whether under this Agreement, any Group Member Agreement or any other agreement
contemplated hereby or otherwise, then, unless a lesser standard is provided for in this Agreement, or the determination, action or omission has been approved as provided in Section 7.9(b)(i) or
Section 7.9(b)(ii), the General Partner, or such Affiliate causing it to do so, shall make such determination or take or decline to take such action in good faith. Whenever the Board of Directors, any committee of the Board
of Directors (including the Conflicts Committee) or any Affiliate of the General Partner makes a determination or takes or declines to take any action, whether under this Agreement, any Group Member Agreement or any other agreement contemplated
hereby or otherwise, then, unless a lesser standard is provided for in this Agreement or the determination, action or omission has been approved as provided in Section 7.9(b)(i) or
Section 7.9(b)(ii), the Board of Directors, any committee of the Board of Directors (including the Conflicts Committee) or any Affiliate of the General Partner shall make such determination or take or decline to take such
action in good faith. The foregoing and other lesser standards governing any determination, action or omission provided for in this Agreement are the sole and exclusive standards governing any such determinations, actions and omissions of the
General Partner, the Board of Directors, any committee of the Board of Directors (including the Conflicts Committee) and any Affiliate of the General Partner, and no such Person shall be subject to any fiduciary duty or other duty or obligation, or
any other, different or higher standard (all of which duties, obligations and standards are hereby eliminated, waived and disclaimed), under this Agreement, any Group Member Agreement or any other agreement contemplated hereby or otherwise, or under
the Delaware Act or any other law, rule or regulation or at equity. Any such determination, action or omission by the General Partner, the Board of Directors of the General Partner or any committee thereof (including the Conflicts Committee) or any
Affiliate of the General Partner will for all purposes be presumed to have been in good faith. In any proceeding brought by or on behalf of the Partnership, any Limited Partner or any other Person who acquires an interest in a Partnership Interest
or any other Person who is bound by this Agreement challenging such determination, action or omission, the Person bringing or prosecuting such proceeding shall have the burden of proving that such determination, action or omission was not in good
faith. In order for a determination or the taking or declining to take an action to be in “good faith” for purposes of this Agreement, the Person or Persons making such determination or taking or declining to take such action must
subjectively believe that the determination or other action is in the best interests of the Partnership. 
 (b) Unless a lesser standard is
otherwise provided in this Agreement or any Group Member Agreement, whenever a potential conflict of interest exists or arises between the General Partner or any of its Affiliates, on the one hand, and the Partnership, any Group Member or any
Partner, on the other hand, any resolution or course of action by the General Partner or its Affiliates in respect of such conflict of interest shall be permitted and deemed approved by all Partners, and shall not constitute a breach of this
Agreement, any Group Member Agreement, any agreement contemplated herein or therein or of any duty stated or implied by law or equity, if the 

  
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resolution or course of action in respect of such conflict of interest is (i) approved by Special Approval or (ii) approved by the vote of a Unit Majority (excluding Common Units owned
by the General Partner and its Affiliates). The General Partner shall be authorized but not required in connection with its resolution of such conflict of interest to seek Special Approval or Unitholder approval of such resolution, and the General
Partner may also adopt a resolution or course of action that has not received Special Approval or Unitholder approval. If the General Partner does not submit the resolution or course of action in respect of such conflict of interest as provided in
either clause (i) or clause (ii) of the first sentence of this Section 7.09(b), then any such resolution or course of action shall be governed by
Section 7.09(a). Whenever the General Partner makes a determination to refer any potential conflict of interest to the Conflicts Committee for Special Approval, to seek Unitholder approval or to adopt a resolution or course
of action that has not received Special Approval or Unitholder approval, then the General Partner shall be entitled, to the fullest extent permitted by law, to make such determination free of any duty or obligation whatsoever to the Partnership or
any Limited Partner, and the General Partner shall not, to the fullest extent permitted by law, be required to act in good faith or pursuant to any other standard or duty imposed by this Agreement, any Group Member Agreement, any other agreement
contemplated hereby or otherwise or under the Delaware Act or any other law, rule or regulation or at equity, and the General Partner in making such determination shall be permitted to do so in its sole and absolute discretion. If Special Approval
is sought, then it shall be presumed that, in making its decision, the Conflicts Committee acted in good faith, or if the Board of Directors determines that a director satisfies the eligibility requirements to be a member of the Conflicts Committee,
then it shall be presumed that, in making its determination, the Board of Directors acted in good faith. In any proceeding brought by any Limited Partner or by or on behalf of such Limited Partner or any other Limited Partner or the Partnership or
by or on behalf of any Person who acquires an interest in a Partnership Interest challenging any action or decision by the Conflicts Committee with respect to any matter referred to the Conflicts Committee for Special Approval, or challenging any
determination by the Board of Directors that a director satisfies the eligibility requirements to be a member of the Conflicts Committee, the Person bringing or prosecuting such proceeding shall have the burden of overcoming the presumption that the
Conflicts Committee or the Board of Directors, as applicable, acted in good faith. Notwithstanding anything to the contrary in this Agreement or any duty otherwise existing at law or equity, the conflicts of interest described in the IPO
Registration Statement are hereby approved by all Partners and shall not constitute a breach of this Agreement or any such duty. 
 (c)
Whenever the General Partner makes a determination or takes or declines to take any action, or any Affiliate of the General Partner causes the General Partner to do so, in its individual capacity as opposed to in its capacity as the general partner
of the Partnership, whether under this Agreement, any Group Member Agreement or any other agreement contemplated hereby or otherwise, then (i) the General Partner, or such Affiliate causing it to do so, is entitled, to the fullest extent
permitted by law, to make such determination or to take or decline to take such action free of any duty (including any fiduciary duty) or obligation whatsoever to the Partnership, any Limited Partner, any other Person who acquires an interest in a
Partnership Interest or any other Person who is bound by this Agreement, (ii) the General Partner, or such 

  
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Affiliate causing it to do so, shall not, to the fullest extent permitted by law, be required to act in good faith or pursuant to any other standard imposed by this Agreement, any Group Member
Agreement, any other agreement contemplated hereby or otherwise or under the Delaware Act or any other law, rule or regulation or at equity and (iii) the Person or Persons making such determination or taking or declining to take such action
shall be permitted to do so in their sole and absolute discretion. By way of illustration and not of limitation, whenever the phrases “at its option,” “its sole and absolute discretion” or some variation of those phrases, are
used in this Agreement, they indicate that the General Partner is acting in its individual capacity. For the avoidance of doubt, whenever the General Partner votes or transfers its Partnership Interests, or refrains from voting or transferring its
Partnership Interests, it shall be acting in its individual capacity. 
 (d) The General Partner’s organizational documents may provide
that determinations to take or decline to take any action in its individual, rather than representative, capacity may or shall be determined by its members, if the General Partner is a limited liability company, stockholders, if the General Partner
is a corporation, or the members or stockholders of the General Partner’s general partner, if the General Partner is a general or limited partnership. 

(e) Notwithstanding anything to the contrary in this Agreement, the General Partner and its Affiliates shall have no duty or obligation,
express or implied, to (i) sell or otherwise dispose of, or approve the sale or disposition of, any asset of the Partnership Group other than in the ordinary course of business or (ii) permit any Group Member to use any facilities or
assets of the General Partner and its Affiliates, except as may be provided in contracts entered into from time to time specifically dealing with such use. Any determination by either the General Partner or any of its Affiliates to enter into such
contracts shall, in each case, be at its option. 
 (f) The Limited Partners, any other Person who acquires an interest in a Partnership
Interest and any other Person bound by this Agreement hereby authorize the General Partner, on behalf of the Partnership as a general partner or member of a Group Member, to approve actions by the general partner or member of such Group Member
similar to those actions permitted to be taken by the General Partner pursuant to this Section 7.09. 
 (g) For the
avoidance of doubt, whenever the Board of Directors, any member of the Board of Directors, any committee of the Board of Directors (including the Conflicts Committee) and any member of any such committee, the officers of the General Partner or any
Affiliates of the General Partner (including any Person making a determination or acting for or on behalf of such Affiliate of the General Partner) make a determination on behalf of or recommendation to the General Partner, or cause the General
Partner to take or omit to take any action, whether in the General Partner’s capacity as the General Partner or in its individual capacity, the standards of care applicable to the General Partner shall apply to such Persons, and such Persons
shall be entitled to all benefits and rights (but not the obligations) of the General Partner hereunder, including eliminations, waivers and modifications of duties (including any fiduciary duties) to the Partnership, any of its Partners or any
other Person who acquires an interest in a Partnership Interest or any other Person bound by this Agreement, and the protections and presumptions set forth in this Agreement. 

  
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 Section 7.10 Other Matters Concerning the General Partner and Other Indemnitees.

 (a) The General Partner and any other Indemnitee may rely and shall be protected in acting or refraining from acting upon any resolution,
certificate, statement, instrument, opinion, report, notice, request, consent, order, bond, debenture or other paper or document believed by it to be genuine and to have been signed or presented by the proper party or parties. 

(b) The General Partner and any other Indemnitee may consult with legal counsel, accountants, appraisers, management consultants, investment
bankers and other consultants and advisors selected by it, and any act taken or omitted to be taken in reliance upon the advice or opinion (including an Opinion of Counsel) of such Persons as to matters that the General Partner or such Indemnitee,
respectively, reasonably believes to be within such Person’s professional or expert competence shall be conclusively presumed to have been taken or omitted to be taken in good faith and in accordance with such advice or opinion. 

(c) The General Partner shall have the right, in respect of any of its powers or obligations hereunder, to act through any of its duly
authorized officers, a duly appointed attorney or attorneys-in-fact or the duly authorized officers of the Partnership or any Group Member. 

Section 7.11 Purchase or Sale of Partnership Interests. The General Partner may cause the Partnership to purchase or otherwise
acquire Partnership Interests or Derivative Partnership Interests. As long as Partnership Interests are held by any Group Member, such Partnership Interests shall not be considered Outstanding for any purpose, except as otherwise provided herein.
The General Partner or any Affiliate of the General Partner may also purchase or otherwise acquire and sell or otherwise dispose of Partnership Interests for its own account, subject to the provisions of Article IV and Article X. 

Section 7.12 Registration Rights of the General Partner and Its Affiliates. 

(a) Demand Registration. Upon receipt of a Notice from any Holder, the Partnership shall file with the Commission as promptly as
reasonably practicable a registration statement under the Securities Act (each, a “Registration Statement”) providing for the resale of the Registrable Securities identified in such Notice, which may, at the option of the
Holder giving such Notice, be a Registration Statement that provides for the resale of the Registrable Securities from time to time pursuant to Rule 415 under the Securities Act. The Partnership shall use commercially reasonable efforts to cause
such Registration Statement to become effective as soon as reasonably practicable after the initial filing of the Registration Statement and to remain effective and available for the resale of the Registrable Securities by the Selling Holders named
therein until the earlier of (i) six months following such Registration Statement’s effective date and (ii) the date on which all Registrable Securities covered by such Registration Statement have been sold. In the event one or more
Holders request in a Notice to dispose of a number of Registrable Securities that such Holder or Holders reasonably anticipates will result in gross proceeds of at least $30 million in the aggregate pursuant to a Registration Statement in an
Underwritten Offering, the Partnership shall retain underwriters that are reasonably acceptable to such Selling Holders in order to permit such Selling Holders to effect such disposition through an Underwritten Offering; provided,
however, that the Partnership shall have the exclusive right to select the bookrunning managers. The Partnership and such Selling Holders shall enter into an underwriting agreement in customary form that is reasonably acceptable to the
Partnership and take all reasonable actions as are requested by the managing underwriters to facilitate the 

  
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Underwritten Offering and sale of Registrable Securities therein. No Holder may participate in the Underwritten Offering unless it agrees to sell its Registrable Securities covered by the
Registration Statement on the terms and conditions of the underwriting agreement and completes and delivers all necessary documents and information reasonably required under the terms of such underwriting agreement. In the event that the managing
underwriter of such Underwritten Offering advises the Partnership and the Holder in writing that in its opinion the inclusion of all or some Registrable Securities would adversely and materially affect the timing or success of the Underwritten
Offering, the amount of Registrable Securities that each Selling Holder requested be included in such Underwritten Offering shall be reduced on a Pro Rata basis to the aggregate amount that the managing underwriter deems will not have such material
and adverse effect. Any Holder may withdraw from such Underwritten Offering by notice to the Partnership and the managing underwriter; provided, such notice is delivered prior to the launch of such Underwritten Offering. 

(b) Piggyback Registration. If the Partnership shall propose to file a Registration Statement (other than pursuant to a demand made
pursuant to Section 7.12(a)) for an offering of Partnership Interests for cash (other than an offering relating solely to an employee benefit plan, an offering relating to a transaction on Form S-4 or an offering on any registration statement that does not permit secondary sales), the Partnership shall notify all Holders of such proposal at least five Business Days before the proposed filing date. The
Partnership shall use commercially reasonable efforts to include such number of Registrable Securities held by any Holder in such Registration Statement as each Holder shall request in a Notice received by the Partnership within two Business Days of
such Holder’s receipt of the notice from the Partnership. If the Registration Statement for which the Partnership gives notice under this Section 7.12(b) is for an Underwritten Offering, then any Holder’s ability
to include its desired amount of Registrable Securities in such Registration Statement shall be conditioned on such Holder’s inclusion of all such Registrable Securities in the Underwritten Offering; provided, that, in the event that the
managing underwriter of such Underwritten Offering advises the Partnership and the Holder in writing that in its opinion the inclusion of all or some Registrable Securities would adversely and materially affect the timing or success of the
Underwritten Offering, the amount of Registrable Securities that each Selling Holder requested be included in such Underwritten Offering shall be reduced on a Pro Rata basis to the aggregate amount that the managing underwriter deems will not have
such material and adverse effect. In connection with any such Underwritten Offering, the Partnership and the Selling Holders involved shall enter into an underwriting agreement in customary form that is reasonably acceptable to the Partnership and
take all reasonable actions as are requested by the managing underwriters to facilitate the Underwritten Offering and sale of Registrable Securities therein. No Holder may participate in the Underwritten Offering unless it agrees to sells its
Registrable Securities covered by the Registration Statement on the terms and conditions of the underwriting agreement and completes and delivers all necessary documents and information reasonably required under the terms of such underwriting
agreement. Any Holder may withdraw from such Underwritten Offering by notice to the Partnership and the managing underwriter; provided, such notice is delivered prior to the launch of such Underwritten Offering. The Partnership shall have the
right to terminate or withdraw any Registration Statement or Underwritten Offering initiated by it under this Section 7.12(b) prior to the effective date of the Registration Statement or the pricing date of the Underwritten
Offering, as applicable. 
 (c) Sale Procedures. In connection with its obligations under this Section 7.12,
the Partnership shall: 

  
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 (i) furnish to each Selling Holder (A) as far in advance as reasonably practicable
before filing a Registration Statement or any supplement or amendment thereto, upon request, copies of reasonably complete drafts of all such documents proposed to be filed (including exhibits and each document incorporated by reference therein to
the extent then required by the rules and regulations of the Commission), and provide each such Selling Holder the opportunity to object to any information pertaining to such Selling Holder and its plan of distribution that is contained therein and
make the corrections reasonably requested by such Selling Holder with respect to such information prior to filing a Registration Statement or supplement or amendment thereto and (B) such number of copies of such Registration Statement and the
prospectus included therein and any supplements and amendments thereto as such Persons may reasonably request in order to facilitate the public sale or other disposition of the Registrable Securities covered by such Registration Statement;
provided, however, that the Partnership will not have any obligation to provide any document pursuant to clause (B) hereof that is available on the Commission’s website; 

(ii) if applicable, use its commercially reasonable efforts to register or qualify the Registrable Securities covered by a Registration
Statement under the securities or blue sky laws of such jurisdictions as the Selling Holders or, in the case of an Underwritten Offering, the managing underwriter, shall reasonably request; provided, however, that the Partnership shall
not be required to qualify generally to transact business in any jurisdiction where it is not then required to so qualify or to take any action that would subject it to general service of process in any jurisdiction where it is not then so subject;

 (iii) promptly notify each Selling Holder and each underwriter, at any time when a prospectus is required to be delivered under the
Securities Act, of (A) the filing of a Registration Statement or any prospectus or prospectus supplement to be used in connection therewith, or any amendment or supplement thereto, and, with respect to such Registration Statement or any
post-effective amendment thereto, when the same has become effective and (B) any written comments from the Commission with respect to any Registration Statement or any document incorporated by reference therein and any written request by the
Commission for amendments or supplements to a Registration Statement or any prospectus or prospectus supplement thereto; 
 (iv) immediately
notify each Selling Holder and each underwriter, at any time when a prospectus is required to be delivered under the Securities Act, of (A) the occurrence of any event or existence of any fact (but not a description of such event or fact) as a
result of which the prospectus or prospectus supplement contained in a Registration Statement, as then in effect, includes an untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make
the statements therein not misleading (in the case of the prospectus contained therein, in the light of the circumstances under which a statement is made), (B) the issuance or threat of issuance by the Commission of any stop order suspending the
effectiveness of a Registration Statement, or the initiation of any proceedings for that purpose or (C) the receipt by the Partnership of any notification with respect to the suspension of the qualification of any Registrable Securities for
sale under the applicable securities or blue sky laws 

  
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of any jurisdiction. Following the provision of such notice, subject to Section 7.12(f), the Partnership agrees to, as promptly as practicable, amend or supplement the
prospectus or prospectus supplement or take other appropriate action so that the prospectus or prospectus supplement does not include 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 not misleading in the light of the circumstances then existing and to take such other reasonable action as is necessary to remove a stop order, suspension, threat thereof or proceedings related thereto; and 

(v) enter into customary agreements and take such other actions as are reasonably requested by the Selling Holders or the underwriters, if
any, in order to expedite or facilitate the disposition of the Registrable Securities, including the provision of comfort letters and legal opinions as are customary in such securities offerings. 

(d) Suspension. Each Selling Holder, upon receipt of notice from the Partnership of the happening of any event of the kind described in
Section 7.12(c)(iv), shall forthwith discontinue disposition of the Registrable Securities by means of a prospectus or prospectus supplement until such Selling Holder’s receipt of the copies of the supplemented or
amended prospectus contemplated by such subsection, or until it is advised in writing by the Partnership that the use of the prospectus may be resumed, and receipt of copies of any additional or supplemental filings incorporated by reference in the
prospectus. 
 (e) Expenses. Except as set forth in an underwriting agreement for the applicable Underwritten Offering or as otherwise
agreed between a Selling Holder and the Partnership, all costs and expenses of a Registration Statement filed or an Underwritten Offering that includes Registrable Securities pursuant to this Section 7.12 (other than
underwriting discounts and commissions on Registrable Securities and fees and expenses of counsel and advisors to Selling Holders) shall be paid by the Partnership. 

(f) Delay Right. Notwithstanding anything to the contrary herein, if the General Partner determines that the Partnership’s
compliance with its obligations in this Section 7.12 would be detrimental to the Partnership because such registration would (x) materially interfere with a significant acquisition, reorganization or other similar
transaction involving the Partnership, (y) require premature disclosure of material information that the Partnership has a bona fide business purpose for preserving as confidential or (z) render the Partnership unable to comply with
requirements under applicable securities laws, then the Partnership shall have the right to postpone compliance with such obligations for a period of not more than six months; provided, however, that such right may not be exercised
more than twice in any 24-month period. 
 (g) Indemnification. 

(i) In addition to and not in limitation of the Partnership’s obligation under Section 7.07, the Partnership
shall, to the fullest extent permitted by law, but subject to the limitations expressly provided in this Agreement, indemnify and hold harmless each Selling Holder, its officers, directors and each Person who controls the Holder (within the meaning
of the Securities Act) and any agent thereof (collectively, “Indemnified Persons”) from and against any and all losses, claims, damages, liabilities, joint or several, expenses (including legal fees and

  
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expenses), judgments, fines, penalties, interest, settlements or other amounts arising from any and all claims, demands, actions, suits or proceedings, whether civil, criminal, administrative or
investigative, in which any Indemnified Person may be involved, or is threatened to be involved, as a party or otherwise, under the Securities Act or otherwise (hereinafter referred to in this Section 7.12(g) as a
“claim” and in the plural as “claims”) based upon, arising out of or resulting from any untrue statement or alleged untrue statement of any material fact contained in any Registration Statement,
preliminary prospectus, final prospectus or issuer free writing prospectus under which any Registrable Securities were registered or sold by such Selling Holder under the Securities Act, or arising out of, based upon or resulting from the omission
or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading; provided, however, that the Partnership shall not be liable to any Indemnified Person to the
extent that any such claim arises out of, is based upon or results from an untrue statement or alleged untrue statement or omission or alleged omission made in such Registration Statement, preliminary prospectus, final prospectus or issuer free
writing prospectus in reliance upon and in conformity with written information furnished to the Partnership by or on behalf of such Indemnified Person specifically for use in the preparation thereof. 

(ii) Each Selling Holder shall, to the fullest extent permitted by law, indemnify and hold harmless the Partnership, the General Partner, the
General Partner’s officers and directors and each Person who controls the Partnership or the General Partner (within the meaning of the Securities Act) and any agent thereof to the same extent as the foregoing indemnity from the Partnership to
the Selling Holders, but only with respect to information regarding such Selling Holder furnished in writing by or on behalf of such Selling Holder expressly for inclusion in a Registration Statement, preliminary prospectus, final prospectus or free
writing prospectus relating to the Registrable Securities held by such Selling Holder. 
 (iii) The provisions of this
Section 7.12(g) shall be in addition to any other rights to indemnification or contribution that a Person entitled to indemnification under this Section 7.12(g) may have pursuant to law, equity,
contract or otherwise. 
 (h) Specific Performance. Damages in the event of breach of Section 7.12 by a
party hereto may be difficult, if not impossible, to ascertain, and it is therefore agreed that each party, in addition to and without limiting any other remedy or right it may have, will have the right to seek an injunction or other equitable
relief in any court of competent jurisdiction, enjoining any such breach, and enforcing specifically the terms and provisions hereof, and each of the parties hereto hereby waives, to the fullest extent permitted by law, any and all defenses it may
have on the ground of lack of jurisdiction or competence of the court to grant such an injunction or other equitable relief. The existence of this right will not preclude any such party from pursuing any other rights and remedies at law or in equity
that such party may have. 

  
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 Section 7.13 Reliance by Third Parties. Notwithstanding anything to the contrary
in this Agreement, any Person dealing with the Partnership shall be entitled to assume that the General Partner and any officer or representative of the General Partner authorized by the General Partner to act on behalf of and in the name of the
Partnership has full power and authority to encumber, sell or otherwise use in any manner any and all assets of the Partnership and to enter into any authorized contracts on behalf of the Partnership, and such Person shall be entitled to deal with
the General Partner or any such officer or representative as if it were the Partnership’s sole party in interest, both legally and beneficially. Each Limited Partner hereby waives, to the fullest extent permitted by law, any and all defenses or
other remedies that may be available against such Person to contest, negate or disaffirm any action of the General Partner or any such officer or representative in connection with any such dealing. In no event shall any Person dealing with the
General Partner or any such officer or representative be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience of any act or action of the General Partner or any such officer
or representative. Each and every certificate, document or other instrument executed on behalf of the Partnership by the General Partner or such officer or representative shall be conclusive evidence in favor of any and every Person relying thereon
or claiming thereunder that (a) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, (b) the Person executing and delivering such certificate, document or
instrument was duly authorized and empowered to do so for and on behalf of the Partnership and (c) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is
binding upon the Partnership. 
 Section 7.14 Replacement of Fiduciary Duties. Notwithstanding any other provision of this
Agreement, to the extent that, at law or in equity, the General Partner or any other Indemnitee would have duties (including fiduciary duties) to the Partnership, to another Partner, to any Person who acquires an interest in a Partnership Interest
or to any other Person bound by this Agreement, all such duties (including fiduciary duties) are hereby eliminated, to the fullest extent permitted by law, and replaced with the duties or standards expressly set forth herein. The elimination of
duties (including fiduciary duties) to the Partnership, each of the Partners, each other Person who acquires an interest in a Partnership Interest and each other Person bound by this Agreement and replacement thereof with the duties or standards
expressly set forth herein are approved by the Partnership, each of the Partners, each other Person who acquires an interest in a Partnership Interest and each other Person bound by this Agreement. 

ARTICLE VIII 
 BOOKS,
RECORDS, ACCOUNTING AND REPORTS 
 Section 8.01 Records and Accounting. The General Partner shall keep or cause to be kept
at the principal office of the Partnership appropriate books and records with respect to the Partnership’s business, including all books and records necessary to provide to the Limited Partners any information required to be provided pursuant
to Section 3.03(a). Any books and records maintained by or on behalf of the Partnership in the regular course of its business, including the Partnership Register, books of account and records of Partnership proceedings, may
be kept on, or be in the form of, computer disks, hard drives, punch cards, magnetic tape, photographs, micrographics or any other information storage device; provided, that the books and records so maintained are convertible into clearly
legible written form within a reasonable period of time. The books of the Partnership shall be maintained, for financial reporting purposes, on an accrual basis in accordance with U.S. GAAP. The Partnership shall not be required to keep books
maintained on a cash basis, and the General Partner shall be permitted to calculate cash-based measures by making such adjustments to its accrual basis books to account for non-cash items and other adjustments
as the General Partner determines to be necessary or appropriate. 

  
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 Section 8.02 Fiscal Year. The fiscal year of the Partnership shall be a fiscal
year ending December 31. 
 Section 8.03 Reports. 

(a) Whether or not the Partnership is subject to the requirement to file reports with the Commission, as soon as practicable, but in no event
later than 90 days after the close of each fiscal year of the Partnership (or such shorter period as required by the Commission), the General Partner shall cause to be mailed or made available, by any reasonable means (including by posting on or
making accessible through the Partnership’s or the Commission’s website), to each Record Holder of a Unit as of a date selected by the General Partner, an annual report containing financial statements of the Partnership for such fiscal
year of the Partnership, presented in accordance with U.S. GAAP, including a balance sheet and statements of operations, Partnership equity and cash flows, such statements to be audited by a firm of independent public accountants selected by the
General Partner, and such other information as may be required by applicable law, regulation or rule of the Commission or any National Securities Exchange on which the Units are listed or admitted to trading, or as the General Partner determines to
be necessary or appropriate. 
 (b) Whether or not the Partnership is subject to the requirement to file reports with the Commission, as soon
as practicable, but in no event later than 45 days after the close of each Quarter (or such shorter period as required by the Commission) except the last Quarter of each fiscal year, the General Partner shall cause to be mailed or made available, by
any reasonable means (including by posting on or making accessible through the Partnership’s or the Commission’s website), to each Record Holder of a Unit, as of a date selected by the General Partner, a report containing unaudited
financial statements of the Partnership and such other information as may be required by applicable law, regulation or rule of the Commission or any National Securities Exchange on which the Units are listed or admitted to trading, or as the General
Partner determines to be necessary or appropriate. 
 ARTICLE IX 

TAX MATTERS 

Section 9.01 Tax Returns and Information. The Partnership shall timely file all returns of the Partnership that are required for
federal, state and local income tax purposes on the basis of the accrual method and the taxable period or year that it is required by law to adopt, from time to time, as determined by the General Partner. In the event the Partnership is required to
use a taxable period other than a year ending on December 31, the General Partner shall use reasonable efforts to change the taxable period of the Partnership to a year ending on December 31. The tax information reasonably required by Record
Holders for federal, state and local income tax reporting purposes with respect to a taxable period shall be furnished to them within 90 days of the close of the calendar year in which the Partnership’s taxable period ends. The classification,
realization and recognition of income, gain, losses and deductions and other items shall be on the accrual method of accounting for federal income tax purposes. 

  
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 Section 9.02 Tax Elections. 

(a) The Partnership shall make the election under Section 754 of the Code in accordance with applicable regulations thereunder, subject to
the reservation of the right to seek to revoke any such election upon the General Partner’s determination that such revocation is in the best interests of the Limited Partners. Notwithstanding any other provision herein contained, for the
purposes of computing the adjustments under Section 743(b) of the Code, the General Partner shall be authorized (but not required) to adopt a convention whereby the price paid by a transferee of a Limited Partner Interest will be deemed to be
the lowest quoted closing price of the Limited Partner Interests on any National Securities Exchange on which such Limited Partner Interests are listed or admitted to trading during the calendar month in which such transfer is deemed to occur
pursuant to Section 6.02(f) without regard to the actual price paid by such transferee. 
 (b) Except as otherwise
provided herein, the General Partner shall determine whether the Partnership should make any other elections permitted by the Code. 

Section 9.03 Tax Controversies. 

(a) Subject to the provisions hereof, the General Partner shall designate the Organizational Limited Partner or such other Partner as the
General Partner shall determine as the “tax matters partner” (as defined in Section 6231(a)(7) of the Code as in effect prior to the enactment of the Bipartisan Budget Act of 2015) (the “Tax Matters Partner”), and
such Person is authorized and required to represent the Partnership (at the Partnership’s expense) in connection with all examinations of the Partnership’s affairs by tax authorities, including resulting administrative and judicial
proceedings, and to expend Partnership funds for professional services and costs associated therewith. Each Partner agrees to cooperate with the Tax Matters Partner and to do or refrain from doing any or all things reasonably required by the Tax
Matters Partner to conduct such proceedings. 
 (b) With respect to tax returns filed for taxable years beginning on or after
December 31, 2017, the General Partner (or its designee) will be designated as the “partnership representative” in accordance with the rules prescribed pursuant to Section 6223 of the Code (the “Partnership
Representative”) and shall have the sole authority to act on behalf of the Partnership (at the Partnership’s expense) in connection with all examinations of the Partnership’s affairs by tax authorities, including resulting
administrative and judicial proceedings, and to expend Partnership funds for professional services and costs associated therewith. Each Partner agrees to cooperate with the General Partner and to do or refrain from doing any or all things reasonably
required by the General Partner to conduct such proceedings. The General Partner (or its designee) shall exercise, in its sole discretion, any and all authority of the Partnership Representative under the Code, including, without limitation,
(i) binding the Partnership and its Partners with respect to tax matters and (ii) determining whether to make any available election under Section 6226 of the Code. The General Partner shall amend the provisions of this Agreement as
appropriate to reflect the proposal or promulgation of Treasury Regulations implementing the partnership audit, assessment and collection rules adopted by the Bipartisan Budget Act of 2015, including any amendments to those rules. 

  
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 Section 9.04 Withholding. Notwithstanding any other provision of this Agreement,
the General Partner is authorized to take any action that may be required to cause the Partnership and other Group Members to comply with any withholding requirements established under the Code or any other federal, state or local law including
pursuant to Sections 1441, 1442, 1445 and 1446 of the Code, or established under any foreign law. To the extent that the Partnership is required or elects to withhold and pay over to any taxing authority any amount resulting from the allocation or
distribution of income to any Partner (including by reason of Section 1446 of the Code), the General Partner may treat the amount withheld as a distribution of cash pursuant to Section 6.03 or
Section 12.04(c) in the amount of such withholding from such Partner. 
 ARTICLE X 

ADMISSION OF PARTNERS 

Section 10.01 Admission of Limited Partners. 

(a) Each of the existing Limited Partners shall continue as a limited partner of the Partnership on the date hereof. 

(b) By acceptance of any Limited Partner Interests transferred in accordance with Article IV or acceptance of any Limited Partner
Interests issued pursuant to Article V or pursuant to a merger, consolidation or conversion pursuant to Article XIV, each transferee of, or other such Person acquiring, a Limited Partner Interest (including any nominee, agent or
representative acquiring such Limited Partner Interests for the account of another Person or Group, who shall be subject to Section 10.01(c) below) (i) shall be admitted to the Partnership as a Limited Partner with
respect to the Limited Partner Interests so transferred or issued to such Person when such Person becomes the Record Holder of the Limited Partner Interests so transferred or acquired, (ii) shall become bound, and shall be deemed to have agreed
to be bound, by the terms of this Agreement, (iii) shall be deemed to represent that the transferee or acquirer has the capacity, power and authority to enter into this Agreement and (iv) shall be deemed to make any consents,
acknowledgements or waivers contained in this Agreement, all with or without execution of this Agreement by such Person. The transfer of any Limited Partner Interests and the admission of any new Limited Partner shall not constitute an amendment to
this Agreement. A Person may become a Limited Partner without the consent or approval of any of the Partners. A Person may not become a Limited Partner without acquiring a Limited Partner Interest and becoming the Record Holder of such Limited
Partner Interest. The rights and obligations of a Person who is an Ineligible Holder shall be determined in accordance with Section 4.09. 

(c) With respect to any Limited Partner that holds Units representing Limited Partner Interests for another Person’s account (such as a
broker, dealer, bank, trust company or clearing corporation, or an agent of any of the foregoing), in whose name such Units are registered, such Limited Partner shall, in exercising the rights of a Limited Partner in respect of such Units on any
matter, and unless the arrangement between such Persons provides otherwise, take all action as a Limited Partner by virtue of being the Record Holder of such Units at the direction of the Person who is the beneficial owner, and the Partnership shall
be entitled to assume such Limited Partner is so acting without further inquiry. 

  
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 (d) The name and mailing address of each Record Holder shall be listed in the Partnership
Register maintained for such purpose by the Partnership or the Transfer Agent. The General Partner shall update the Partnership Register from time to time as necessary to reflect accurately the information therein (or shall cause the Transfer Agent
to do so, as applicable). 
 (e) Any transfer of a Limited Partner Interest shall not entitle the transferee to share in the profits and
losses, to receive distributions, to receive allocations of income, gain, loss, deduction or credit or any similar item or to any other rights to which the transferor was entitled until the transferee becomes a Limited Partner pursuant to
Section 10.01(b). 
 Section 10.02 Admission of Successor General Partner. A successor General Partner
approved pursuant to Section 11.01 or Section 11.02 or the transferee of or successor to all of the General Partner Interest pursuant to Section 4.06 who is proposed to be
admitted as a successor General Partner shall be admitted to the Partnership as the General Partner, effective immediately prior to (a) the withdrawal or removal of the predecessor or transferring General Partner pursuant to
Section 11.01 or Section 11.02 or (b) the transfer of the General Partner Interest pursuant to Section 4.06; provided, however, that no such successor
shall be admitted to the Partnership until compliance with the terms of Section 4.06 has occurred and such successor has executed and delivered such other documents or instruments as may be required to effect such
admission. Any such successor is hereby authorized to and shall, subject to the terms hereof, carry on the business of the members of the Partnership Group without dissolution. 

Section 10.03 Amendment of Agreement and Certificate of Limited Partnership. To effect the admission to the Partnership of any
Partner, the General Partner shall take all steps necessary or appropriate under the Delaware Act to amend the Partnership Register to reflect such admission and, if necessary, to prepare as soon as practicable an amendment to this Agreement and, if
required by law, the General Partner shall prepare and file an amendment to the Certificate of Limited Partnership. 
 ARTICLE XI 

WITHDRAWAL OR REMOVAL OF PARTNERS 

Section 11.01 Withdrawal of the General Partner. 

(a) The General Partner shall be deemed to have withdrawn from the Partnership upon the occurrence of any one of the following events (each
such event herein referred to as an “Event of Withdrawal”): 
 (i) The General Partner voluntarily withdraws from
the Partnership by giving written notice to the other Partners; 
 (ii) The General Partner transfers all of its General Partner Interest
pursuant to Section 4.06; 
 (iii) The General Partner is removed pursuant to
Section 11.02; 

  
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 (iv) The General Partner (A) makes a general assignment for the benefit of creditors;
(B) files a voluntary bankruptcy petition for relief under Chapter 7 of the United States Bankruptcy Code; (C) files a petition or answer seeking for itself a liquidation, dissolution or similar relief (but not a reorganization) under any
law; (D) files an answer or other pleading admitting or failing to contest the material allegations of a petition filed against the General Partner in a proceeding of the type described in clauses (A) through (C) of this
Section 11.01(a)(iv) or (E) seeks, consents to or acquiesces in the appointment of a trustee (but not a debtor-in-possession),
receiver or liquidator of the General Partner or of all or any substantial part of its properties; 
 (v) A final and non-appealable order of relief under Chapter 7 of the United States Bankruptcy Code is entered by a court with appropriate jurisdiction pursuant to a voluntary or involuntary petition by or against the General
Partner; or 
 (vi) (A) if the General Partner is a corporation, a certificate of dissolution or its equivalent is filed for the General
Partner, or 90 days expire after the date of notice to the General Partner of revocation of its charter without a reinstatement of its charter, under the laws of its state of incorporation; (B) if the General Partner is a partnership or a
limited liability company, the dissolution and commencement of winding up of the General Partner; (C) if the General Partner is acting in such capacity by virtue of being a trustee of a trust, the termination of the trust; (D) if the
General Partner is a natural person, his death or adjudication of incompetency and (E) otherwise upon the termination of the General Partner. 
 If an
Event of Withdrawal specified in Section 11.01(a)(iv), (v) or (vi)(A), (B), (C) or (E) occurs, the withdrawing General Partner shall give notice to the Limited Partners within 30 days
after such occurrence. The Partners hereby agree that only the Events of Withdrawal described in this Section 11.01 shall result in the withdrawal of the General Partner from the Partnership. 

(b) Withdrawal of the General Partner from the Partnership upon the occurrence of an Event of Withdrawal shall not constitute a breach of this
Agreement under the following circumstances: (i) at any time during the period beginning on the Closing Date and ending at 12:00 midnight, Eastern Time, on September 30, 2024, the General Partner voluntarily withdraws by giving at least 90
days’ advance notice of its intention to withdraw to the Limited Partners; provided, that prior to the effective date of such withdrawal, the withdrawal is approved by Unitholders holding at least a Unit Majority (excluding Common Units owned
by the General Partner and its Affiliates) and the General Partner delivers to the Partnership an Opinion of Counsel (“Withdrawal Opinion of Counsel”) that such withdrawal (following the selection of the successor General
Partner) would not result in the loss of the limited liability under the Delaware Act of any Limited Partner or cause any Group Member to be treated as an association taxable as a corporation or otherwise to be taxed as an entity for federal income
tax purposes (to the extent not already so treated or taxed); (ii) at any time after 12:00 midnight, Eastern Time, on September 30, 2024, the General Partner voluntarily withdraws by giving at least 90 days’ advance notice to the Limited
Partners, such withdrawal to take effect on the date specified in such notice; (iii) at any time that the General Partner ceases to be the General Partner pursuant to Section 11.01(a)(ii) or is removed pursuant to
Section 11.02 or (iv) notwithstanding clause (i) of this sentence, at any time that the 

  
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General Partner voluntarily withdraws by giving at least 90 days’ advance notice of its intention to withdraw to the Limited Partners, such withdrawal to take effect on the date specified in
the notice, if at the time such notice is given one Person and its Affiliates (other than the General Partner and its Affiliates) own beneficially or of record or control at least 50% of the Outstanding Units. The withdrawal of the General Partner
from the Partnership upon the occurrence of an Event of Withdrawal shall also constitute the withdrawal of the General Partner as general partner or managing member, if any, to the extent applicable, of the other Group Members. If the General
Partner gives a notice of withdrawal pursuant to Section 11.01(a)(i), the holders of a Unit Majority, may, prior to the effective date of such withdrawal, elect a successor General Partner. The Person so elected as
successor General Partner shall automatically become the successor general partner or managing member, to the extent applicable, of the other Group Members of which the General Partner is a general partner or a managing member. If, prior to the
effective date of the General Partner’s withdrawal, a successor is not elected by the Unitholders as provided herein or the Partnership does not receive a Withdrawal Opinion of Counsel, the Partnership shall be dissolved in accordance with
Section 12.01 unless the business of the Partnership is continued pursuant to Section 12.02. Any successor General Partner elected in accordance with the terms of this shall be subject to the
provisions of Section 10.02. 
 Section 11.02 Removal of the General Partner. The General Partner may
not be removed unless such removal is both (i) for Cause and (ii) approved by the Unitholders holding at least 66 2⁄3% of the Outstanding Common
Units (including Units held by the General Partner and its Affiliates) voting as a single class. Any such action by such holders for removal of the General Partner must also provide for the election of a successor General Partner by the Unitholders
holding a Unit Majority, including, in each case, Units held by the General Partner and its Affiliates. Such removal shall be effective immediately following the admission of a successor General Partner pursuant to
Section 10.02. The removal of the General Partner shall also automatically constitute the removal of the General Partner as general partner or managing member, to the extent applicable, of the other Group Members of which
the General Partner is a general partner or a managing member. If a Person is elected as a successor General Partner in accordance with the terms of this Section 11.02, such Person shall, upon admission pursuant to
Section 10.02, automatically become a successor general partner or managing member, to the extent applicable, of the other Group Members of which the General Partner is a general partner or a managing member. The right of
the holders of Outstanding Units to remove the General Partner shall not exist or be exercised unless the Partnership has received an opinion opining as to the matters covered by a Withdrawal Opinion of Counsel. Any successor General Partner elected
in accordance with the terms of this Section 11.02 shall be subject to the provisions of Section 10.02. 

Section 11.03 Interest of Departing General Partner and Successor General Partner. 

(a) In the event of withdrawal of the General Partner under circumstances where such withdrawal does not violate this Agreement, if a successor
General Partner is elected in accordance with the terms of Section 11.01, then the Departing General Partner shall have the option, exercisable prior to the effective date of the withdrawal of such Departing General
Partner, to require such successor General Partner to purchase such Departing General Partner’s General Partner Interest and its or its Affiliates’ general partner interests (or equivalent interests), if any, in the other Group Members
(collectively, the “Combined Interest”) in exchange for an amount in 

  
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cash equal to the fair market value of such Combined Interest, such amount to be determined and payable as of the effective date of the Departing General Partner’s withdrawal. If the General
Partner is removed by the Unitholders pursuant to Section 11.02 or if the General Partner withdraws under circumstances where such withdrawal violates this Agreement and (i) if a successor General Partner is elected in
accordance with the terms of Section 11.01 or Section 11.02, as applicable, or (ii) if the business of the Partnership is continued pursuant to Section 12.02 and the
successor General Partner is not the former General Partner, then such successor General Partner shall have the option, exercisable prior to the effective date of the withdrawal or removal of such Departing General Partner (or, in the event the
business of the Partnership is continued, prior to the date the business of the Partnership is continued), to purchase the Combined Interest for such fair market value of such Combined Interest. In any event described in the preceding sentences of
this Section 11.03(a), the Departing General Partner shall be entitled to receive all reimbursements due such Departing General Partner pursuant to Section 7.04, including any employee-related
liabilities (including severance liabilities), incurred in connection with the termination of any employees employed by the Departing General Partner or its Affiliates (other than any Group Member) for the benefit of the Partnership or the other
Group Members. 
 For purposes of this Section 11.03(a), the fair market value of the Combined Interest shall be determined by
agreement between the Departing General Partner and its successor or, failing agreement within 30 days after the effective date of such Departing General Partner’s withdrawal or removal, by an independent investment banking firm or other
independent expert selected by the Departing General Partner and its successor, which, in turn, may rely on other experts, and the determination of which shall be conclusive as to such matter. If such parties cannot agree upon one independent
investment banking firm or other independent expert within 45 days after the effective date of such withdrawal or removal, then the Departing General Partner shall designate an independent investment banking firm or other independent expert, the
Departing General Partner’s successor shall designate an independent investment banking firm or other independent expert, and such firms or experts shall mutually select a third independent investment banking firm or independent expert, which
third independent investment banking firm or other independent expert shall determine the fair market value of the Combined Interest. In making its determination, such third independent investment banking firm or other independent expert may
consider the then current trading price of Units on any National Securities Exchange on which Units are then listed or admitted to trading, the value of the Partnership’s assets, the rights and obligations of the Departing General Partner and
other factors it may deem relevant. 
 (b) If the Combined Interest is not purchased in the manner set forth in
Section 11.03(a), the Departing General Partner (or its transferee) shall become a Limited Partner and its Combined Interest shall be converted into Common Units pursuant to a valuation made by an investment banking firm or
other independent expert selected pursuant to Section 11.03(a), without reduction in such Partnership Interest (but subject to proportionate dilution by reason of the admission of its successor). Any successor General
Partner shall indemnify the Departing General Partner (or its transferee) as to all debts and liabilities of the Partnership arising on or after the date on which the Departing General Partner (or its transferee) becomes a Limited Partner. For
purposes of this Agreement, conversion of the Combined Interest of the Departing General Partner to Common Units will be characterized as if the Departing General Partner (or its transferee) contributed its Combined Interest to the Partnership in
exchange for the newly issued Common Units. 

  
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 (c) If a successor General Partner is elected in accordance with the terms of
Section 11.01 or Section 11.02 (or if the business of the Partnership is continued pursuant to Section 12.02 and the successor General Partner is not the former General
Partner) and the option described in Section 11.03(a) is not exercised by the party entitled to do so, the successor General Partner shall, at the effective date of its admission to the Partnership, contribute to the
Partnership cash in the amount equal to the product of (x) the quotient obtained by dividing (A) the Percentage Interest of the General Partner Interest of the Departing General Partner by (B) a percentage equal to 100% less the
Percentage Interest of the General Partner Interest of the Departing General Partner and (y) the Net Agreed Value of the Partnership’s assets on such date. In such event, such successor General Partner shall, subject to the following
sentence, be entitled to its Percentage Interest of all Partnership allocations and distributions to which the Departing General Partner was entitled. In addition, the successor General Partner shall cause this Agreement to be amended to reflect
that, from and after the date of such successor General Partner’s admission, the successor General Partner’s interest in all Partnership distributions and allocations shall be its Percentage Interest. 

Section 11.04 Withdrawal of Limited Partners. No Limited Partner shall have any right to withdraw from the Partnership;
provided, however, that when a transferee of a Limited Partner’s Limited Partner Interest becomes a Record Holder of the Limited Partner Interest so transferred, such transferring Limited Partner shall cease to be a Limited
Partner with respect to the Limited Partner Interest so transferred. 
 ARTICLE XII 

DISSOLUTION AND LIQUIDATION 

Section 12.01 Dissolution. The Partnership shall not be dissolved by the admission of additional Limited Partners or by the
admission of a successor General Partner in accordance with the terms of this Agreement. Upon the withdrawal or removal of the General Partner, if a successor General Partner is elected pursuant to Section 11.01,
Section 11.02 or Section 12.02, to the fullest extent permitted by law, the Partnership shall not be dissolved and such successor General Partner shall continue the business of the Partnership. The
Partnership shall dissolve, and (subject to Section 12.02) its affairs shall be wound up, upon: 
 (a) an Event of
Withdrawal of the General Partner as provided in Section 11.01(a) (other than Section 11.01(a)(ii)), unless a successor is elected and a Withdrawal Opinion of Counsel is received as provided in
Section 11.01(b) or Section 11.02 and such successor is admitted to the Partnership pursuant to Section 10.02; 

(b) an election to dissolve the Partnership by the General Partner that is approved by the holders of a Unit Majority; 

(c) the entry of a decree of judicial dissolution of the Partnership pursuant to the provisions of the Delaware Act; or 

(d) at any time there are no Limited Partners, unless the Partnership is continued without dissolution in accordance with the Delaware Act.

  
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 Section 12.02 Continuation of the Business of the Partnership After Dissolution.
Upon (a) dissolution of the Partnership following an Event of Withdrawal caused by the withdrawal or removal of the General Partner as provided in Section 11.01(a)(i) or (iii) and the failure of the
Unitholders to select a successor to such Departing General Partner pursuant to Section 11.01 or Section 11.02, then, to the maximum extent permitted by law, within 90 days thereafter, or
(b) dissolution of the Partnership upon an event constituting an Event of Withdrawal as defined in Section 11.01(a)(iv), (v) or (vi), then, to the maximum extent permitted by law, within 180 days
thereafter, the holders of a Unit Majority may elect to continue the business of the Partnership on the same terms and conditions set forth in this Agreement by appointing as a successor General Partner a Person approved by the holders of a Unit
Majority. Unless such an election is made within the applicable time period as set forth above, the Partnership shall conduct only activities necessary to wind up its affairs. If such an election is so made, then: 

(i) the Partnership shall continue without dissolution unless earlier dissolved in accordance with this Article XII; 

(ii) if the successor General Partner is not the Departing General Partner, then the interest of the Departing General Partner shall be treated
in the manner provided in Section 11.03; and 
 (iii) the successor General Partner shall be admitted to the
Partnership as General Partner, effective as of the Event of Withdrawal, by agreeing in writing to be bound by this Agreement; 
 provided,
however, that the right of the holders of a Unit Majority to approve a successor General Partner and to continue the business of the Partnership shall not exist and may not be exercised unless the Partnership has received an Opinion of
Counsel that (x) the exercise of the right would not result in the loss of limited liability of any Limited Partner under the Delaware Act and (y) neither the Partnership nor any Group Member would be treated as an association taxable as a
corporation or otherwise be taxable as an entity for federal income tax purposes upon the exercise of such right to continue (to the extent not already so treated or taxed). 

Section 12.03 Liquidator. Upon dissolution of the Partnership, unless the business of the Partnership is continued pursuant to
Section 12.02, the General Partner (or in the event of dissolution pursuant to Section 12.01(a), the holders of a Unit Majority) shall select one or more Persons to act as Liquidator. The
Liquidator (if other than the General Partner) shall be entitled to receive such compensation for its services as may be approved by holders of at least a Unit Majority. The Liquidator (if other than the General Partner) shall agree not to resign at
any time without 15 days’ prior notice and may be removed at any time, with or without cause, by notice of removal approved by holders of at least a Unit Majority. Upon dissolution, removal or resignation of the Liquidator, a successor and
substitute Liquidator (who shall have and succeed to all rights, powers and duties of the original Liquidator) shall within 30 days thereafter be approved by holders of at least a Unit Majority. The right to approve a successor or substitute
Liquidator in the manner provided herein shall be deemed to refer also to any such successor or substitute Liquidator approved in the manner herein provided. Except as expressly provided in this Article XII, the Liquidator approved in the
manner provided herein shall have and may exercise, without further 

  
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authorization or consent of any of the parties hereto, all of the powers conferred upon the General Partner under the terms of this Agreement (but subject to all of the applicable limitations,
contractual and otherwise, upon the exercise of such powers, other than the limitation on sale set forth in Section 7.03) necessary or appropriate to carry out the duties and functions of the Liquidator hereunder for and
during the period of time required to complete the winding up and liquidation of the Partnership as provided for herein. 

Section 12.04 Liquidation. The Liquidator shall proceed to dispose of the assets of the Partnership, discharge its liabilities and
otherwise wind up its affairs in such manner and over such period as determined by the Liquidator, subject to Section 17-804 of the Delaware Act and the following: 

(a) The assets may be disposed of by public or private sale or by distribution in kind to one or more Partners on such terms as the Liquidator
and such Partner or Partners may agree. If any property is distributed in kind, the Partner receiving the property shall be deemed for purposes of Section 12.04(c) to have received cash equal to its fair market value; and
contemporaneously therewith, appropriate cash distributions must be made to the other Partners. The Liquidator may defer liquidation or distribution of the Partnership’s assets for a reasonable time if it determines that an immediate sale or
distribution of all or some of the Partnership’s assets would be impractical or would cause undue loss to the Partners. The Liquidator may distribute the Partnership’s assets, in whole or in part, in kind if it determines that a sale would
be impractical or would cause undue loss to the Partners. 
 (b) Liabilities of the Partnership include amounts owed to the Liquidator as
compensation for serving in such capacity (subject to the terms of Section 12.03) and amounts owed to Partners otherwise than in respect of their distribution rights under Article VI. With respect to any liability
that is contingent, conditional or unmatured or is otherwise not yet due and payable, the Liquidator shall either settle such claim for such amount as it thinks appropriate or establish a reserve of cash or other assets to provide for its payment.
When paid, any unused portion of the reserve shall be distributed as additional liquidation proceeds. 
 (c) All property and all cash in
excess of that required to satisfy liabilities as provided in Section 12.04(b) shall be distributed to the Partners in accordance with, and to the extent of, the positive balances in their respective Capital Accounts, as
determined after taking into account all Capital Account adjustments (other than those made by reason of distributions pursuant to this Section 12.04(c)) for the taxable period of the Partnership during which the
liquidation of the Partnership occurs (with such date of occurrence being determined pursuant to Treasury Regulation Section 1.704-1(b)(2)(ii)(g)), and such distribution shall be made by the end of such
taxable period (or, if later, within 90 days after said date of such occurrence). 
 Section 12.05 Cancellation of Certificate of
Limited Partnership. Upon the completion of the distribution of Partnership cash and property as provided in Section 12.04 in connection with the liquidation of the Partnership, the Certificate of Limited Partnership
and all qualifications of the Partnership as a foreign limited partnership in jurisdictions other than the State of Delaware shall be canceled and such other actions as may be necessary to terminate the Partnership shall be taken. 

  
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 Section 12.06 Return of Contributions. The General Partner shall not be
personally liable for, and shall have no obligation to contribute or loan any monies or property to the Partnership to enable it to effectuate, the return of the Capital Contributions of the Limited Partners or Unitholders, or any portion thereof,
it being expressly understood that any such return shall be made solely from Partnership assets. 
 Section 12.07 Waiver of
Partition. To the maximum extent permitted by law, each Partner hereby waives any right to partition of the Partnership property. 

Section 12.08 Capital Account Restoration. No Limited Partner shall have any obligation to restore any negative balance in its
Capital Account upon liquidation of the Partnership. The General Partner shall be obligated to restore any negative balance in its Capital Account upon liquidation of its interest in the Partnership by the end of the taxable year of the Partnership
during which such liquidation occurs, or, if later, within 90 days after the date of such liquidation. 
 ARTICLE XIII 

AMENDMENT OF PARTNERSHIP AGREEMENT; MEETINGS; RECORD DATE 

Section 13.01 Amendments to be Adopted Solely by the General Partner. Each Limited Partner agrees that the General Partner,
without the approval of any Limited Partner, may amend any provision of this Agreement and execute, swear to, acknowledge, deliver, file and record whatever documents may be required in connection therewith, to reflect: 

(a) a change in the name of the Partnership, the location of the principal place of business of the Partnership, the registered agent of the
Partnership or the registered office of the Partnership; 
 (b) admission, substitution, withdrawal or removal of Partners in accordance with
this Agreement; 
 (c) a change that the General Partner determines to be necessary or appropriate to qualify or continue the qualification
of the Partnership as a limited partnership or a partnership in which the Limited Partners have limited liability under the laws of any state or to ensure that the Group Members will not be treated as associations taxable as corporations or
otherwise taxed as entities for federal income tax purposes; 
 (d) a change that the General Partner determines (i) does not adversely
affect the Limited Partners considered as a whole or any particular class of Partnership Interests as compared to other classes of Partnership Interests in any material respect (except as permitted by subsection (g) of this
Section 13.01), (ii) to be necessary or appropriate to (A) satisfy any requirements, conditions or guidelines contained in any opinion, directive, order, ruling or regulation of any federal or state agency or judicial
authority or contained in any federal or state statute (including the Delaware Act) or (B) facilitate the trading of the Units (including the division of any class or classes of Outstanding Units into different classes to facilitate uniformity
of tax consequences within such classes of Units) or comply with any rule, regulation, guideline or requirement of any National Securities Exchange on which the Units are or will be listed or admitted to trading, (iii) to be necessary or
appropriate in connection with action taken by the General Partner pursuant to Section 5.09 or (iv) is required to effect the intent expressed in the IPO Registration Statement or the intent of the provisions of this
Agreement or is otherwise contemplated by this Agreement; 

  
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 (e) a change in the fiscal year or taxable year of the Partnership and any other changes
that the General Partner determines to be necessary or appropriate as a result of a change in the fiscal year or taxable year of the Partnership including, if the General Partner shall so determine, a change in the definition of “Quarter”
and the dates on which distributions are to be made by the Partnership; 
 (f) an amendment that is necessary, in the Opinion of Counsel, to
prevent the Partnership, the General Partner or its directors, officers, trustees or agents from in any manner being subjected to the provisions of the Investment Company Act of 1940, as amended, the Investment Advisers Act of 1940, as amended, or
“plan asset” regulations adopted under the Employee Retirement Income Security Act of 1974, as amended, regardless of whether such are substantially similar to plan asset regulations currently applied or proposed by the United States
Department of Labor; 
 (g) an amendment that (i) sets forth the designations, preferences, rights, powers and duties of any class or
series of Partnership Interests or Derivative Partnership Interests issued pursuant to Section 5.06 or (ii) the General Partner determines to be necessary, appropriate or advisable in connection with the authorization
or issuance of any class or series of Partnership Interests or Derivative Partnership Interests pursuant to Section 5.06; 

(h) any amendment expressly permitted in this Agreement to be made by the General Partner acting alone; 

(i) an amendment effected, necessitated or contemplated by a Merger Agreement or a Plan of Conversion approved in accordance with
Section 14.03; 
 (j) an amendment that the General Partner determines to be necessary or appropriate to reflect
and account for the formation by the Partnership of, or investment by the Partnership in, any corporation, partnership, joint venture, limited liability company or other entity, in connection with the conduct by the Partnership of activities
permitted by the terms of Section 2.04 or Section 7.01(a); 
 (k) a merger, conveyance or
conversion pursuant to Section 14.03(d) or Section 14.03(e); or 
 (l) any other
amendments substantially similar to the foregoing. 
 Section 13.02 Amendment Procedures. Amendments to this Agreement may be
proposed only by the General Partner. To the fullest extent permitted by law, the General Partner shall have no duty or obligation to propose or approve any amendment to this Agreement and may decline to do so free of any duty or obligation
whatsoever to the Partnership, any Limited Partner or any other Person bound by this Agreement, and, in declining to propose or approve an amendment to this Agreement, to the fullest extent permitted by law, shall not be required to act in good
faith or pursuant to any other standard imposed by this Agreement, any Group Member Agreement, any other agreement contemplated hereby or otherwise or under the Delaware Act or any other law, 

  
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rule or regulation or at equity, and the General Partner in determining whether to propose or approve any amendment to this Agreement shall be permitted to do so in its sole and absolute
discretion. An amendment to this Agreement shall be effective upon its approval by the General Partner and, except as otherwise provided by Section 13.01 or Section 13.03, the holders of a Unit
Majority, unless a greater or different percentage of Outstanding Units is required under this Agreement. Each proposed amendment that requires the approval of the holders of a specified percentage of Outstanding Units shall be set forth in a
writing that contains the text of the proposed amendment. If such an amendment is proposed, the General Partner shall seek the written approval of the requisite percentage of Outstanding Units or call a meeting of the Unitholders to consider and
vote on such proposed amendment. The General Partner shall notify all Record Holders upon final adoption of any amendments. The General Partner shall be deemed to have notified all Record Holders as required by this
Section 13.02 if it has posted or made accessible such amendment through the Partnership’s or the Commission’s website. 

Section 13.03 Amendment Requirements. 

(a) Notwithstanding the provisions of Section 13.01 and Section 13.02, no provision of this
Agreement that establishes a percentage of Outstanding Units required to take any action shall be amended, altered, changed, repealed or rescinded in any respect that would have the effect of (i) in the case of any provision of this Agreement
other than Section 11.02 or Section 13.04, reducing such percentage or (ii) in the case of Section 11.02 or Section 13.04, increasing such
percentages, unless such amendment is approved by the written consent or the affirmative vote of holders of Outstanding Units whose aggregate Outstanding Units constitute (x) in the case of a reduction as described in
subclause (a)(i) hereof, not less than the voting requirement sought to be reduced, (y) in the case of an increase in the percentage in Section 11.02, not less than 90% of the Outstanding
Units or (z) in the case of an increase in the percentage in Section 13.04, not less than a Unit Majority. 

(b) Notwithstanding the provisions of Section 13.01 and Section 13.02, no amendment to this
Agreement may (i) enlarge the obligations of any Limited Partner without its consent, unless such shall be deemed to have occurred as a result of an amendment approved pursuant to Section 13.03(c) or (ii) enlarge
the obligations of, restrict in any way any action by or rights of, or reduce in any way the amounts distributable, reimbursable or otherwise payable to, the General Partner or any of its Affiliates without the General Partner’s consent, which
consent may be given or withheld at its option. 
 (c) Except as provided in Section 14.03, and without limitation
of the General Partner’s authority to adopt amendments to this Agreement without the approval of any Limited Partners as contemplated in Section 13.01, any amendment that would have a material adverse effect on the
rights or preferences of any class of Partnership Interests in relation to other classes of Partnership Interests must be approved by the holders of not less than a majority of the Outstanding Partnership Interests of the class affected. 

(d) Notwithstanding any other provision of this Agreement, except for amendments pursuant to Section 13.01 and except
as otherwise provided by Section 14.03(f), no amendments shall become effective without the approval of the holders of at least 90% of the Outstanding Units voting as a single class unless the Partnership obtains an Opinion
of Counsel to the effect that such amendment will not affect the limited liability of any Limited Partner under applicable partnership law of the state under whose laws the Partnership is organized. 

  
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 (e) Except as provided in Section 13.01, this
Section 13.03 shall only be amended with the approval of the holders of at least 90% of the Outstanding Units. 

Section 13.04 Special Meetings. All acts of Limited Partners to be taken pursuant to this Agreement shall be taken in the manner
provided in this Article XIII. Special meetings of the Limited Partners may be called by the General Partner or by Limited Partners owning 20% or more of the Outstanding Units of the class or classes for which a meeting is proposed. Limited
Partners shall call a special meeting by delivering to the General Partner one or more requests in writing stating that the signing Limited Partners wish to call a special meeting and indicating the specific purposes for which the special meeting is
to be called and the class or classes of Units for which the meeting is proposed. No business may be brought by any Limited Partner before such special meeting except the business listed in the related request. Within 60 days after receipt of such a
call from Limited Partners or within such greater time as may be reasonably necessary for the Partnership to comply with any statutes, rules, regulations, listing agreements or similar requirements governing the holding of a meeting or the
solicitation of proxies for use at such a meeting, the General Partner shall send or cause to be sent a notice of the meeting to the Limited Partners. A meeting shall be held at a time and place determined by the General Partner on a date not less
than 10 days nor more than 60 days after the time notice of the meeting is given as provided in Section 16.01. Limited Partners shall not be permitted to vote on matters that would cause the Limited Partners to be deemed to
be taking part in the management and control of the business and affairs of the Partnership so as to jeopardize the Limited Partners’ limited liability under the Delaware Act or the law of any other state in which the Partnership is qualified
to do business. If any such vote were to take place, to the fullest extent permitted by law, it shall be deemed null and void to the extent necessary so as not to jeopardize the Limited Partners’ limited liability under the Delaware Act or the
law of any other state in which the Partnership is qualified to do business. 
 Section 13.05 Notice of a Meeting. Notice of a
meeting called pursuant to Section 13.04 shall be given to the Record Holders of the class or classes of Units for which a meeting is proposed in writing by mail or other means of written communication in accordance with
Section 16.01. 
 Section 13.06 Record Date. For purposes of determining the Limited Partners who are
Record Holders of the class or classes of Outstanding Limited Partner Interests entitled to notice of or to vote at a meeting of the Limited Partners or to give approvals without a meeting as provided in Section 13.11, the
General Partner shall set a Record Date, which shall not be less than 10 nor more than 60 days before (a) the date of the meeting (unless such requirement conflicts with any rule, regulation, guideline or requirement of any National Securities
Exchange on which the Units are listed or admitted to trading or U.S. federal securities laws, in which case the rule, regulation, guideline or requirement of such National Securities Exchange or U.S. federal securities laws shall govern) or
(b) in the event that approvals are sought without a meeting, the date by which such Limited Partners are requested in writing by the General Partner to give such approvals. 

Section 13.07 Postponement and Adjournment. Prior to the date upon which any meeting of Limited Partners is to be held, the
General Partner may postpone such meeting one or more times for any reason by giving notice to each Limited Partner entitled to vote at the meeting so 

  
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postponed of the place, date and hour at which such meeting would be held. Such notice shall be given not fewer than two days before the date of such meeting and otherwise in accordance with this
Article XIII. When a meeting is postponed, a new Record Date need not be fixed unless such postponement shall be for more than 45 days. Any meeting of Limited Partners may be adjourned by the General Partner one or more times for any reason,
including the failure of a quorum to be present at the meeting with respect to any proposal or the failure of any proposal to receive sufficient votes for approval. No Limited Partner vote shall be required for any adjournment. A meeting of Limited
Partners may be adjourned by the General Partner as to one or more proposals regardless of whether action has been taken on other matters. When a meeting is adjourned to another time or place, notice need not be given of the adjourned meeting and a
new Record Date need not be fixed, if the time and place thereof are announced at the meeting at which the adjournment is taken, unless such adjournment shall be for more than 45 days. At the adjourned meeting, the Partnership may transact any
business which might have been transacted at the original meeting. If the adjournment is for more than 45 days or if a new Record Date is fixed for the adjourned meeting, a notice of the adjourned meeting shall be given in accordance with this
Article XIII. 
 Section 13.08 Waiver of Notice; Approval of Meeting. The transactions of any meeting of Limited
Partners, however called and noticed, and whenever held, shall be as valid as if it had occurred at a meeting duly held after regular call and notice, if a quorum is present either in person or by proxy. Attendance of a Limited Partner at a meeting
shall constitute a waiver of notice of the meeting, except (i) when the Limited Partner attends the meeting for the express purpose of objecting, at the beginning of the meeting, to the transaction of any business because the meeting is not
lawfully called or convened and (ii) that attendance at a meeting is not a waiver of any right to disapprove of any matters submitted for consideration or to object to the failure to submit for consideration any matters required to be included
in the notice of the meeting, but not so included, if such objection is expressly made at the beginning of the meeting. 

Section 13.09 Quorum and Voting. Except as otherwise provided by this Agreement or required by the rules or regulations of any
National Securities Exchange on which the Common Units are admitted to trading, or applicable law or pursuant to any regulation applicable to the Partnership or its Partnership Interests, the presence, in person or by proxy, of holders of a majority
in voting power of the Outstanding Units of the class or classes for which a meeting has been called (including Outstanding Units deemed owned by the General Partner) entitled to vote at the meeting shall constitute a quorum at a meeting of Limited
Partners of such class or classes. Abstentions and broker non-votes in respect of such Units shall be deemed to be Units present at such meeting for purposes of establishing a quorum. For all matters presented
to the Limited Partners holding Outstanding Units at a meeting at which a quorum is present for which no minimum or other vote of Limited Partners is required by any other provision of this Agreement, the rules or regulations of any National
Securities Exchange on which the Common Units are admitted to trading, or applicable law or pursuant to any regulation applicable to the Partnership or its Partnership Interests, a majority of the votes cast by the Limited Partners holding
Outstanding Units shall be deemed to constitute the act of all Limited Partners (with abstentions and broker non-votes being deemed to not have been cast with respect to such matter). On any matter where a
minimum or other vote of Limited Partners holding Outstanding Units is provided by any other provision of this Agreement or required by the rules or regulations of any National Securities Exchange on which the Common Units are admitted to trading,
or applicable law or pursuant to 

  
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any regulation applicable to the Partnership or its Partnership Interests, such minimum or other vote shall be the vote of Limited Partners required to approve such matter (with the effect of
abstentions and broker non-votes to be determined based on the vote of Limited Partners required to approve such matter; provided that if the effect of abstentions and broker
non-votes is not specified by such applicable rule, regulation or law, and there is no prevailing interpretation of such effect, then abstentions and broker non-votes
shall be deemed to not have been cast with respect to such matter; provided further, that, for the avoidance of doubt, with respect to any matter on which this Agreement requires the approval of a specified percentage of the Outstanding
Units, abstentions and broker non-votes shall be counted as votes against such matter). The Limited Partners present at a duly called or held meeting at which a quorum has been established may continue to
transact business until adjournment, notwithstanding the exit of enough Limited Partners to leave less than a quorum. 
 Section 13.10
Conduct of a Meeting. The General Partner shall have full power and authority concerning the manner of conducting any meeting of the Limited Partners or solicitation of approvals in writing, including the determination of Persons entitled to
vote, the existence of a quorum, the satisfaction of the requirements of Section 13.04, the conduct of voting, the validity and effect of any proxies and the determination of any controversies, votes or challenges arising
in connection with or during the meeting or voting. The General Partner shall designate a Person to serve as chairman of any meeting and shall further designate a Person to take the minutes of any meeting. All minutes shall be kept with the records
of the Partnership maintained by the General Partner. The General Partner may make such other regulations consistent with applicable law and this Agreement as it may deem advisable concerning the conduct of any meeting of the Limited Partners or
solicitation of approvals in writing, including regulations in regard to the appointment of proxies, the appointment and duties of inspectors of votes and approvals, the submission and examination of proxies and other evidence of the right to vote,
and the submission and revocation of approvals in writing. 
 Section 13.11 Action Without a Meeting. If authorized by the
General Partner, any action that may be taken at a meeting of the Limited Partners may be taken without a meeting if an approval in writing setting forth the action so taken is signed by Limited Partners owning not less than the minimum percentage
of the Outstanding Units that would be necessary to authorize or take such action at a meeting at which all the Limited Partners were present and voted (unless such provision conflicts with any rule, regulation, guideline or requirement of any
National Securities Exchange on which the Units are listed or admitted to trading, in which case the rule, regulation, guideline or requirement of such National Securities Exchange shall govern). Prompt notice of the taking of action without a
meeting shall be given to the Limited Partners who have not approved in writing. The General Partner may specify that any written ballot submitted to Limited Partners for the purpose of taking any action without a meeting shall be returned to the
Partnership within the time period, which shall be not less than 20 days, specified by the General Partner. If a ballot returned to the Partnership does not vote all of the Outstanding Units held by such Limited Partners, the Partnership shall be
deemed to have failed to receive a ballot for the Outstanding Units that were not voted. If approval of the taking of any permitted action by the Limited Partners is solicited by any Person other than by or on behalf of the General Partner, the
written approvals shall have no force and effect unless and until (a) approvals sufficient to take the action proposed are deposited with the Partnership in care of the General Partner, (b) approvals sufficient to take the action proposed
are dated as of a date not more than 90 days prior to the date sufficient 

  
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approvals are first deposited with the Partnership and (c) an Opinion of Counsel is delivered to the General Partner to the effect that the exercise of such right and the action proposed to
be taken with respect to any particular matter (i) will not cause the Limited Partners to be deemed to be taking part in the management and control of the business and affairs of the Partnership so as to jeopardize the Limited Partners’
limited liability and (ii) is otherwise permissible under the state statutes then governing the rights, duties and liabilities of the Partnership and the Partners. 

Section 13.12 Right to Vote and Related Matters. 

(a) Only those Record Holders of the Outstanding Units on the Record Date set pursuant to Section 13.06 (and also
subject to the limitations contained in the definition of “Outstanding”) shall be entitled to notice of, and to vote at, a meeting of Limited Partners or to act with respect to matters as to which the holders of the Outstanding Units have
the right to vote or to act. All references in this Agreement to votes of, or other acts that may be taken by, the Outstanding Units shall be deemed to be references to the votes or acts of the Record Holders of such Outstanding Units. 

(b) With respect to Units that are held for a Person’s account by another Person that is the Record Holder (such as a broker, dealer,
bank, trust company or clearing corporation, or an agent of any of the foregoing), such Record Holder shall, in exercising the voting rights in respect of such Units on any matter, and unless the arrangement between such Persons provides otherwise,
vote such Units in favor of, and at the direction of, the Person who is the beneficial owner, and the Partnership shall be entitled to assume such Record Holder is so acting without further inquiry. The provisions of this
Section 13.12(b) (as well as all other provisions of this Agreement) are subject to the provisions of Section 4.03. 

ARTICLE XIV 
 MERGER,
CONSOLIDATION OR CONVERSION 
 Section 14.01 Authority. The Partnership may merge or consolidate with or into one or more
corporations, limited liability companies, statutory trusts or associations, real estate investment trusts, common law trusts or unincorporated businesses, including a partnership (whether general or limited (including a limited liability limited
partnership)) or convert into any such entity, whether such entity is formed under the laws of the State of Delaware or any other state of the United States of America or any other country, pursuant to a written plan of merger or consolidation
(“Merger Agreement”) or a written plan of conversion (“Plan of Conversion”), as the case may be, in accordance with this Article XIV. 

Section 14.02 Procedure for Merger, Consolidation or Conversion. 

(a) Merger, consolidation or conversion of the Partnership pursuant to this Article XIV requires the prior consent of the General
Partner; provided, however, that, to the fullest extent permitted by law, the General Partner shall have no duty or obligation to consent to any merger, consolidation or conversion of the Partnership and may decline to do so free of
any duty or obligation whatsoever to the Partnership or any Limited Partner and, in declining to consent to a merger, consolidation or conversion, shall not be required to act in good faith or pursuant to any other standard imposed by this
Agreement, any other agreement contemplated hereby or under the Delaware Act or any other law, rule or regulation or at equity, and the General Partner in determining whether to consent to any merger, consolidation or conversion of the Partnership
shall be permitted to do so in its sole and absolute discretion. 

  
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 (b) If the General Partner shall determine to consent to the merger or consolidation, the
General Partner shall approve the Merger Agreement, which shall set forth: 
 (i) the name and state or country of domicile of each of the
business entities proposing to merge or consolidate; 
 (ii) the name and state of domicile of the business entity that is to survive the
proposed merger or consolidation (the “Surviving Business Entity”); 
 (iii) the terms and conditions of the
proposed merger or consolidation; 
 (iv) the manner and basis of exchanging or converting the equity interests of each constituent business
entity for, or into, cash, property or interests, rights, securities or obligations of the Surviving Business Entity; and (A) if any general or limited partner interests, securities or rights of any constituent business entity are not to be
exchanged or converted solely for, or into, cash, property or general or limited partner interests, rights, securities or obligations of the Surviving Business Entity, the cash, property or interests, rights, securities or obligations of any general
or limited partnership, corporation, trust, limited liability company, unincorporated business or other entity (other than the Surviving Business Entity) which the holders of such general or limited partner interests, securities or rights are to
receive in exchange for, or upon conversion of their interests, securities or rights and (B) in the case of equity interests represented by certificates, upon the surrender of such certificates, which cash, property or general or limited
partner interests, rights, securities or obligations of the Surviving Business Entity or any general or limited partnership, corporation, trust, limited liability company, unincorporated business or other entity (other than the Surviving Business
Entity), or evidences thereof, are to be delivered; 
 (v) a statement of any changes in the constituent documents or the adoption of new
constituent documents (the articles or certificate of incorporation, articles of trust, declaration of trust, certificate or agreement of limited partnership, operating agreement or other similar charter or governing document) of the Surviving
Business Entity to be effected by such merger or consolidation; 
 (vi) the effective time of the merger, which may be the date of the
filing of the certificate of merger pursuant to Section 14.04 or a later date specified in or determinable in accordance with the Merger Agreement (provided, however, that if the effective time of the merger
is to be later than the date of the filing of such certificate of merger, the effective time shall be fixed at a date or time certain at or prior to the time of the filing of such certificate of merger and stated therein); and 

  
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 (vii) such other provisions with respect to the proposed merger or consolidation that the
General Partner determines to be necessary or appropriate. 
 (c) If the General Partner shall determine to consent to the conversion, the
General Partner shall approve the Plan of Conversion, which shall set forth: 
 (i) the name of the converting entity and the converted
entity; 
 (ii) a statement that the Partnership is continuing its existence in the organizational form of the converted entity; 

(iii) a statement as to the type of entity that the converted entity is to be and the state or country under the laws of which the converted
entity is to be incorporated, formed or organized; 
 (iv) the manner and basis of exchanging or converting the equity interests of each
constituent business entity for, or into, cash, property or interests, rights, securities or obligations of the converted entity; 
 (v) in
an attachment or exhibit, the certificate of limited partnership of the Partnership; 
 (vi) in an attachment or exhibit, the certificate of
limited partnership, articles of incorporation or other organizational documents of the converted entity; 
 (vii) the effective time of the
conversion, which may be the date of the filing of the certificate of conversion or a later date specified in or determinable in accordance with the Plan of Conversion (provided, that if the effective time of the conversion is to be later than the
date of the filing of such certificate of conversion, the effective time shall be fixed at a date or time certain at or prior to the time of the filing of such certificate of conversion and stated therein); and 

(viii) such other provisions with respect to the proposed conversion that the General Partner determines to be necessary or appropriate. 

Section 14.03 Approval by Limited Partners. 

(a) Except as provided in Section 14.03(d) and Section 14.03(e), the General Partner, upon
its approval of the Merger Agreement or the Plan of Conversion, as the case may be, shall direct that the Merger Agreement or the Plan of Conversion, as applicable, be submitted to a vote of Limited Partners, whether at a special meeting or by
written consent, in either case in accordance with the requirements of Article XIII. A copy or a summary of the Merger Agreement or the Plan of Conversion, as the case may be, shall be included in or enclosed with the notice of a special
meeting or the written consent and, subject to any applicable requirements of Regulation 14A pursuant to the Exchange Act or successor provision, no other disclosure regarding the proposed merger, consolidation or conversion shall be required. 

  
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 (b) Except as provided in Section 14.03(d) and
Section 14.03(e), the Merger Agreement or the Plan of Conversion, as the case may be, shall be approved upon receiving the affirmative vote or consent of the holders of a Unit Majority unless the Merger Agreement or the
Plan of Conversion, as the case may be, effects an amendment to any provision of this Agreement that, if contained in an amendment to this Agreement adopted pursuant to Article XIII, would require for its approval the vote or consent of a
greater percentage of the Outstanding Units or of any class of Limited Partners, in which case such greater percentage vote or consent shall be required for approval of the Merger Agreement or the Plan of Conversion, as the case may be. 

(c) Except as provided in Section 14.03(d) and Section 14.03(e), after such approval by
vote or consent of the Limited Partners, and at any time prior to the filing of the certificate of merger or certificate of conversion pursuant to Section 14.04, the merger, consolidation or conversion may be abandoned
pursuant to provisions therefor, if any, set forth in the Merger Agreement or the Plan of Conversion, as the case may be. 
 (d)
Notwithstanding anything else contained in this Article XIV or in this Agreement, the General Partner is permitted, without Limited Partner approval, to convert the Partnership or any Group Member into a new limited liability entity, to merge
the Partnership or any Group Member into, or convey all of the Partnership’s assets to, another limited liability entity that shall be newly formed and shall have no assets, liabilities or operations at the time of such conversion, merger or
conveyance other than those it receives from the Partnership or other Group Member if (i) the General Partner has received an Opinion of Counsel that the conversion, merger or conveyance, as the case may be, would not result in the loss of
limited liability under the laws of the jurisdiction governing the other limited liability entity (if that jurisdiction is not Delaware) of any Limited Partner as compared to its limited liability under the Delaware Act or cause the Partnership to
be treated as an association taxable as a corporation or otherwise to be taxed as an entity for federal income tax purposes (to the extent not already so treated or taxed), (ii) the sole purpose of such conversion, merger or conveyance is to effect
a mere change in the legal form of the Partnership into another limited liability entity and (iii) the General Partner determines that the governing instruments of the new entity provide the Limited Partners and the General Partner with
substantially the same rights and obligations as are herein contained. 
 (e) Additionally, notwithstanding anything else contained in this
Article XIV or in this Agreement, the General Partner is permitted, without Limited Partner approval, to merge or consolidate the Partnership with or into another limited liability entity if (i) the General Partner has received an
Opinion of Counsel that the merger or consolidation, as the case may be, would not result in the loss of the limited liability of any Limited Partner under the laws of the jurisdiction governing the other limited liability entity (if that
jurisdiction is not Delaware) as compared to its limited liability under the Delaware Act or cause the Partnership to be treated as an association taxable as a corporation or otherwise to be taxed as an entity for federal income tax purposes (to the
extent not already so treated or taxed), (ii) the merger or consolidation would not result in an amendment to this Agreement, other than any amendments that could be adopted pursuant to Section 13.01, (iii) the Partnership
is the Surviving Business Entity in such merger or consolidation, (iv) each Unit Outstanding immediately prior to the effective date of the merger or consolidation is to be an identical Unit of the Partnership after the effective date of the
merger or consolidation and (v) the number of Partnership Interests to be issued by the Partnership in such merger or consolidation does not exceed 20% of the Partnership Interests Outstanding immediately prior to the effective date of such
merger or consolidation. 

  
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 (f) Pursuant to Section 17-211(g) of the
Delaware Act, an agreement of merger or consolidation approved in accordance with this Article XIV may (i) effect any amendment to this Agreement or (ii) effect the adoption of a new partnership agreement for the Partnership if it
is the Surviving Business Entity. Any such amendment or adoption made pursuant to this Section 14.03 shall be effective at the effective time or date of the merger or consolidation. 

Section 14.04 Certificate of Merger or Certificate of Conversion. Upon the required approval by the General Partner and the
Unitholders of a Merger Agreement or the Plan of Conversion, as the case may be, a certificate of merger or certificate of conversion or other filing, as applicable, shall be executed and filed with the Secretary of State of the State of Delaware or
the appropriate filing office of any other jurisdiction, as applicable, in conformity with the requirements of the Delaware Act or other applicable law. 

Section 14.05 Effect of Merger, Consolidation or Conversion. 

(a) At the effective time of the merger or consolidation: 

(i) all of the rights, privileges and powers of each of the business entities that has merged or consolidated, and all property, real,
personal and mixed, and all debts due to any of those business entities and all other things and causes of action belonging to each of those business entities, shall be vested in the Surviving Business Entity and after the merger or consolidation
shall be the property of the Surviving Business Entity to the extent they were of each constituent business entity; 
 (ii) the title to any
real property vested by deed or otherwise in any of those constituent business entities shall not revert and is not in any way impaired because of the merger or consolidation; 

(iii) all rights of creditors and all liens on or security interests in property of any of those constituent business entities shall be
preserved unimpaired; and 
 (iv) all debts, liabilities and duties of those constituent business entities shall attach to the Surviving
Business Entity and may be enforced against it to the same extent as if the debts, liabilities and duties had been incurred or contracted by it. 

(b) At the effective time of the conversion: 

(i) the Partnership shall continue to exist, without interruption, but in the organizational form of the converted entity rather than in its
prior organizational form; 
 (ii) all rights, title, and interests to all real estate and other property owned by the Partnership shall
continue to be owned by the converted entity in its new organizational form without reversion or impairment, without further act or deed, and without any transfer or assignment having occurred, but subject to any existing liens or other encumbrances
thereon; 

  
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 (iii) all liabilities and obligations of the Partnership shall continue to be liabilities
and obligations of the converted entity in its new organizational form without impairment or diminution by reason of the conversion; 
 (iv)
all rights of creditors or other parties with respect to or against the prior interest holders or other owners of the Partnership in their capacities as such in existence as of the effective time of the conversion will continue in existence as to
those liabilities and obligations and may be pursued by such creditors and obligees as if the conversion did not occur; 
 (v) a proceeding
pending by or against the Partnership or by or against any of Partners in their capacities as such may be continued by or against the converted entity in its new organizational form and by or against the prior Partners without any need for
substitution of parties; and 
 (vi) the Partnership Interests that are to be converted into partnership interests, shares, evidences of
ownership or other securities in the converted entity as provided in the Plan of Conversion shall be so converted, and Partners shall be entitled only to the rights provided in the Plan of Conversion. 

ARTICLE XV 
 RIGHT TO
ACQUIRE LIMITED PARTNER INTERESTS 
 Section 15.01 Right to Acquire Limited Partner Interests. 

(a) Notwithstanding any other provision of this Agreement, if at any time the General Partner and its Affiliates hold more than 80% of the
total Limited Partner Interests of any class then Outstanding, the General Partner shall then have the right, which right it may assign and transfer in whole or in part to the Partnership or any Affiliate of the General Partner, exercisable at its
option, to purchase all, but not less than all, of such Limited Partner Interests of such class then Outstanding held by Persons other than the General Partner and its Affiliates, at the greater of (x) the Current Market Price as of the date
three Business Days prior to the date that the notice described in Section 15.01(b) is mailed and (y) the highest price paid by the General Partner or any of its Affiliates for any such Limited Partner Interest of such
class purchased during the 90-day period preceding the date that the notice described in Section 15.01(b) is mailed. 

(b) If the General Partner, any Affiliate of the General Partner or the Partnership elects to exercise the right to purchase Limited Partner
Interests granted pursuant to Section 15.01(a), the General Partner shall deliver to the applicable Transfer Agent or exchange agent notice of such election to purchase (the “Notice of Election to
Purchase”) and shall cause the Transfer Agent or exchange agent to mail a copy of such Notice of Election to Purchase to the Record Holders of Limited Partner Interests of such class (as of a Record Date selected by the General
Partner), together with such information as may be required by law, rule or regulation, at least 10, but not more than 60, days prior to the Purchase Date. Such Notice of Election to Purchase 

  
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shall also be filed and distributed as may be required by the Commission or any National Securities Exchange on which such Limited Partner Interests are listed or admitted to trading. The Notice
of Election to Purchase shall specify the Purchase Date and the price (determined in accordance with Section 15.01(a)) at which Limited Partner Interests will be purchased and state that the General Partner, its Affiliate
or the Partnership, as the case may be, elects to purchase such Limited Partner Interests, upon surrender of Certificates representing such Limited Partner Interests, in the case of Limited Partner Interests evidenced by Certificates, or
instructions agreeing to such redemption in exchange for payment, at such office or offices of the Transfer Agent or exchange agent as the Transfer Agent or exchange agent may specify, or as may be required by any National Securities Exchange on
which such Limited Partner Interests are listed or admitted to trading. Any such Notice of Election to Purchase mailed to a Record Holder of Limited Partner Interests at such Record Holder’s address as reflected in the Partnership Register
shall be conclusively presumed to have been given regardless of whether the owner receives such notice. On or prior to the Purchase Date, the General Partner, its Affiliate or the Partnership, as the case may be, shall deposit with the Transfer
Agent or exchange agent cash in an amount sufficient to pay the aggregate purchase price of all of such Limited Partner Interests to be purchased in accordance with this Section 15.01. If the Notice of Election to Purchase
shall have been duly given as aforesaid at least 10 days prior to the Purchase Date, and if on or prior to the Purchase Date the deposit described in the preceding sentence has been made for the benefit of the holders of Limited Partner Interests
subject to purchase as provided herein, then from and after the Purchase Date, notwithstanding that any Certificate or redemption instructions shall not have been surrendered for purchase or provided, respectively, all rights of the holders of such
Limited Partner Interests (including any rights pursuant to Article IV, Article V, Article VI and Article XII) shall thereupon cease, except the right to receive the purchase price (determined in accordance with
Section 15.01(a)) for Limited Partner Interests therefor, without interest, upon surrender to the Transfer Agent or exchange agent of the Certificates representing such Limited Partner Interests, in the case of Limited
Partner Interests evidenced by Certificates, or instructions agreeing to such redemption, and such Limited Partner Interests shall thereupon be deemed to be transferred to the General Partner, its Affiliate or the Partnership, as the case may be, on
the Partnership Register, and the General Partner or any Affiliate of the General Partner, or the Partnership, as the case may be, shall be deemed to be the Record Holder of all such Limited Partner Interests from and after the Purchase Date and
shall have all rights as the Record Holder of such Limited Partner Interests (including all rights as owner of such Limited Partner Interests pursuant to Article IV, Article V, Article VI and Article XII). 

(c) In the case of Limited Partner Interests evidenced by Certificates, at any time from and after the Purchase Date, a holder of an
Outstanding Limited Partner Interest subject to purchase as provided in this Section 15.01 may surrender such holder’s Certificate evidencing such Limited Partner Interest to the Transfer Agent or exchange agent in
exchange for payment of the amount described in Section 15.01(a) therefor, without interest thereon, in accordance with procedures set forth by the General Partner. 

  
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 ARTICLE XVI 

GENERAL PROVISIONS 

Section 16.01 Addresses and Notices; Written Communications. 

(a) Any notice, demand, request, report or proxy materials required or permitted to be given or made to a Partner under this Agreement shall be
in writing and shall be deemed given or made when delivered in person or when sent by first class United States mail or by other means of written communication to the Partner at the address described below. Except as otherwise provided herein, any
notice, payment or report to be given or made to a Partner hereunder shall be deemed conclusively to have been given or made, and the obligation to give such notice or report or to make such payment shall be deemed conclusively to have been fully
satisfied, upon sending of such notice, payment or report to the Record Holder of such Partnership Interests at such Record Holder’s address as shown in the Partnership Register, regardless of any claim of any Person who may have an interest in
such Partnership Interests by reason of any assignment or otherwise. Notwithstanding the foregoing, if (i) a Partner shall consent to receiving notices, demands, requests, reports or proxy materials via electronic mail or by the Internet or
(ii) the rules of the Commission shall permit any report or proxy materials to be delivered electronically or made available via the Internet, any such notice, demand, request, report or proxy materials shall be deemed given or made when
delivered or made available via such mode of delivery. An affidavit or certificate of making of any notice, payment or report in accordance with the provisions of this Section 16.01 executed by the General Partner, the
Transfer Agent or the mailing organization shall be prima facie evidence of the giving or making of such notice, payment or report. If any notice, payment or report addressed to a Record Holder at the address of such Record Holder appearing in the
Partnership Register is returned by the United States Postal Service marked to indicate that the United States Postal Service is unable to deliver it, such notice, payment or report and any subsequent notices, payments and reports shall be deemed to
have been duly given or made without further mailing (until such time as such Record Holder or another Person notifies the Transfer Agent or the Partnership of a change in such Record Holder’s address) if they are available for the Partner at
the principal office of the Partnership for a period of one year from the date of the giving or making of such notice, payment or report to the other Partners. Any notice to the Partnership shall be deemed given if received by the General Partner at
the principal office of the Partnership designated pursuant to Section 2.03. The General Partner may rely and shall be protected in relying on any notice or other document from a Partner or other Person if believed by it to
be genuine. 
 (b) The terms “in writing,” “written communications,” “written notice” and words of similar
import shall be deemed satisfied under this Agreement by use of email and other forms of electronic communication. 
 Section 16.02
Further Action. The parties shall execute and deliver all documents, provide all information and take or refrain from taking action as may be necessary or appropriate to achieve the purposes of this Agreement. 

Section 16.03 Binding Effect. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their heirs,
executors, administrators, successors, legal representatives and permitted assigns. 
 Section 16.04 Integration. This Agreement
constitutes the entire agreement among the parties hereto pertaining to the subject matter hereof and supersedes all prior agreements and understandings pertaining thereto. 

  
 85 

 Section 16.05 Creditors. None of the provisions of this Agreement shall be for
the benefit of, or shall be enforceable by, any creditor of the Partnership. 
 Section 16.06 Waiver. No failure by any party to
insist upon the strict performance of any covenant, duty, agreement or condition of this Agreement or to exercise any right or remedy consequent upon a breach thereof shall constitute waiver of any such breach of any other covenant, duty, agreement
or condition. 
 Section 16.07 Third-Party Beneficiaries. Each Partner agrees that (a) any Indemnitee shall be entitled to
assert rights and remedies hereunder as a third-party beneficiary hereto with respect to those provisions of this Agreement affording a right, benefit or privilege to such Indemnitee and (b) any Unrestricted Person shall be entitled to assert
rights and remedies hereunder as a third-party beneficiary hereto with respect to those provisions of this Agreement affording a right, benefit or privilege to such Unrestricted Person. 

Section 16.08 Counterparts. This Agreement may be executed in counterparts, all of which together shall constitute an agreement
binding on all the parties hereto, notwithstanding that all such parties are not signatories to the original or the same counterpart. Each party shall become bound by this Agreement immediately upon affixing its signature hereto or, in the case of a
Person acquiring a Limited Partner Interest, pursuant to Section 10.01(a) or Section 10.01(b) without execution hereof. 

Section 16.09 Applicable Law; Forum; Venue and Jurisdiction; Attorneys’ Fee; Waiver of Trial by Jury. 

(a) This Agreement shall be construed in accordance with and governed by the laws of the State of Delaware, without regard to the principles of
conflicts of law. 
 (b) Each of the Partners and each Person or Group holding any beneficial interest in the Partnership (whether through a
broker, dealer, bank, trust company or clearing corporation or an agent of any of the foregoing or otherwise): 
 (i) irrevocably agrees
that any claims, suits, actions or proceedings (A) arising out of or relating in any way to this Agreement (including any claims, suits or actions to interpret, apply or enforce the provisions of this Agreement or the duties, obligations or
liabilities among Partners or of Partners to the Partnership, or the rights or powers of, or restrictions on, the Partners or the Partnership), (B) brought in a derivative manner on behalf of the Partnership, (C) asserting a claim of breach of
a duty (including any fiduciary duty) owed by any director, officer or other employee of the Partnership or the General Partner, or owed by the General Partner, to the Partnership or the Partners, (D) asserting a claim arising pursuant to any
provision of the Delaware Act or (E) asserting a claim governed by the internal affairs doctrine shall be exclusively brought in the Court of Chancery of the State of Delaware, in each case regardless of whether such claims, suits, actions or
proceedings sound in contract, tort, fraud or otherwise, are based on common law, statutory, equitable, legal or other grounds, or are derivative or direct claims; provided, however, that any claims, suits, actions or proceedings over which the
Court of Chancery of the State of Delaware does not have jurisdiction shall be brought in any other court in the State of Delaware having jurisdiction; 

  
 86 

 (ii) irrevocably submits to the exclusive jurisdiction of the courts of the State of
Delaware in connection with any such claim, suit, action or proceeding; 
 (iii) agrees not to, and waives any right to, assert in any such
claim, suit, action or proceeding that (A) it is not personally subject to the jurisdiction of the courts of the State of Delaware or of any other court to which proceedings in the courts of the State of Delaware may be appealed, (B) such
claim, suit, action or proceeding is brought in an inconvenient forum or (C) the venue of such claim, suit, action or proceeding is improper; 

(iv) expressly waives any requirement for the posting of a bond by a party bringing such claim, suit, action or proceeding; 

(v) consents to process being served in any such claim, suit, action or proceeding by mailing, certified mail, return receipt requested, a
copy thereof to such party at the address in effect for notices hereunder, and agrees that such services shall constitute good and sufficient service of process and notice thereof; provided, however, that nothing in this
clause (v) shall affect or limit any right to serve process in any other manner permitted by law; 
 (vi) agrees
that if such Partner, Person or Group does not obtain a judgment on the merits that substantially achieves, in substance and amount, the full remedy sought in any such claim, suit, action or proceeding sought by such Partner, Person or Group, then
such Partner, Person or Group shall be obligated to reimburse the Partnership and its Affiliates for all fees, costs and expenses of every kind and description, including but not limited to all reasonable attorneys’ fees and other litigation
expenses, that the Partnership and its Affiliates may incur in connection with such claim, suit, action or proceeding; and 
 (vii)
IRREVOCABLY WAIVES THE RIGHT TO TRIAL BY JURY IN ANY SUCH CLAIM, SUIT, ACTION OR PROCEEDING. 
 Section 16.10 Invalidity of
Provisions. If any provision or part of a provision of this Agreement is or becomes for any reason, invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions and/or parts thereof
contained herein shall not be affected thereby, and this Agreement shall, to the fullest extent permitted by law, be reformed and construed as if such invalid, illegal or unenforceable provision, or part of a provision, had never been contained
herein, and such provision and/or part of a provision shall be reformed so that it would be valid, legal and enforceable to the maximum extent possible. 

Section 16.11 Consent of Partners. Each Partner hereby expressly consents and agrees that, whenever in this Agreement it is
specified that an action may be taken upon the affirmative vote or consent of less than all of the Partners, such action may be so taken upon the concurrence of less than all of the Partners and each Partner shall be bound by the results of such
action. 

  
 87 

 Section 16.12 Facsimile and Email Signatures. The use of facsimile signatures
and signatures delivered by email in portable document format (.pdf) or other similar electronic format affixed in the name and on behalf of the Transfer Agent on Certificates representing Common Units is expressly permitted by this Agreement. 

[REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK.] 

  
 88 

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

			
	GENERAL PARTNER:
	
	CNX MIDSTREAM GP LLC
		
	By:	 	
                 

	Name:	 	Donald W. Rush
	Title:	 	Chief Financial Officer and Director

 Signature Page to Third Amended and Restated Agreement of 

Limited Partnership of CNX Midstream Partners LP 

 EXHIBIT A 

to the Third Amended and Restated 

Agreement of Limited Partnership of 

CNX Midstream Partners LP 

Certificate Evidencing Common Units 

Representing Limited Partner Interests in 

CNX Midstream Partners LP 
  

			
	No.	  	Common Units

 In accordance with Section 4.1 of the Third Amended and Restated Agreement of Limited Partnership of CNX
Midstream Partners LP, as amended, supplemented or restated from time to time (the “Partnership Agreement”), CNX Midstream Partners LP, a Delaware limited partnership (the “Partnership”), hereby
certifies that (the “Holder”) is the registered owner of Common Units representing limited partner interests in the Partnership (the “Common Units”) transferable in the records of the Partnership, in
person or by duly authorized attorney, upon surrender of this Certificate properly endorsed. The rights, preferences and limitations of the Common Units are set forth in, and this Certificate and the Common Units represented hereby are issued and
shall in all respects be subject to the terms and provisions of, the Partnership Agreement. Copies of the Partnership Agreement are on file at, and will be furnished without charge on delivery of written request to the Partnership at, the principal
office of the Partnership located at CNX Center, 1000 CONSOL Energy Drive, Suite 400, Canonsburg, Pennsylvania 15317. Capitalized terms used herein but not defined shall have the meanings given them in the Partnership Agreement. 

THE HOLDER OF THIS SECURITY ACKNOWLEDGES FOR THE BENEFIT OF CNX MIDSTREAM PARTNERS LP THAT THIS SECURITY MAY NOT BE TRANSFERRED IF SUCH
TRANSFER (AS DEFINED IN THE PARTNERSHIP AGREEMENT) WOULD (A) VIOLATE THE THEN APPLICABLE FEDERAL OR STATE SECURITIES LAWS OR RULES AND REGULATIONS OF THE SECURITIES AND EXCHANGE COMMISSION, ANY STATE SECURITIES COMMISSION OR ANY OTHER
GOVERNMENTAL AUTHORITY WITH JURISDICTION OVER SUCH TRANSFER, (B) TERMINATE THE EXISTENCE OR QUALIFICATION OF CNX MIDSTREAM PARTNERS LP UNDER THE LAWS OF THE STATE OF DELAWARE OR (C) CAUSE CNX MIDSTREAM PARTNERS LP TO BE TREATED AS AN
ASSOCIATION TAXABLE AS A CORPORATION OR OTHERWISE TO BE TAXED AS AN ENTITY FOR FEDERAL INCOME TAX PURPOSES (TO THE EXTENT NOT ALREADY SO TREATED OR TAXED). THE GENERAL PARTNER OF CNX MIDSTREAM PARTNERS LP MAY IMPOSE ADDITIONAL RESTRICTIONS ON THE
TRANSFER OF THIS SECURITY IF IT RECEIVES AN OPINION OF COUNSEL THAT SUCH RESTRICTIONS ARE NECESSARY TO (A) AVOID A SIGNIFICANT RISK OF CNX MIDSTREAM PARTNERS LP BECOMING TAXABLE AS A CORPORATION OR OTHERWISE BECOMING TAXABLE AS AN ENTITY FOR
FEDERAL INCOME TAX PURPOSES (TO THE EXTENT NOT ALREADY SO TREATED OR TAXED) OR (B) PRESERVE THE UNIFORMITY OF THE LIMITED PARTNER INTERESTS IN CNX MIDSTREAM PARTNERS LP (OR ANY CLASS OR CLASSES THEREOF). THIS SECURITY MAY BE SUBJECT TO
ADDITIONAL RESTRICTIONS ON ITS TRANSFER PROVIDED IN THE PARTNERSHIP AGREEMENT. COPIES OF SUCH AGREEMENT MAY 

  
 A-1 

 
BE OBTAINED AT NO COST BY WRITTEN REQUEST MADE BY THE HOLDER OF RECORD OF THIS SECURITY TO THE SECRETARY OF THE GENERAL PARTNER AT THE PRINCIPAL EXECUTIVE OFFICES OF THE PARTNERSHIP. THE
RESTRICTIONS SET FORTH ABOVE SHALL NOT PRECLUDE THE SETTLEMENT OF ANY TRANSACTIONS INVOLVING THIS SECURITY ENTERED INTO THROUGH THE FACILITIES OF ANY NATIONAL SECURITIES EXCHANGE ON WHICH THIS SECURITY IS LISTED OR ADMITTED TO TRADING. 

The Holder, by accepting this Certificate, is deemed to have (i) requested admission as, and agreed to become, a Limited Partner and to
have agreed to comply with and be bound by and to have executed the Partnership Agreement, (ii) represented and warranted that the Holder has all right, power and authority and, if an individual, the capacity necessary to enter into the
Partnership Agreement and (iii) made the waivers and given the consents and approvals contained in the Partnership Agreement. 
 This
Certificate shall not be valid for any purpose unless it has been countersigned and registered by the Transfer Agent. This Certificate shall be governed by and construed in accordance with the laws of the State of Delaware. 

 

											
	Dated:	 	  
	 		 	CNX MIDSTREAM PARTNERS LP
					
		 		 		 	By:	 	CNX MIDSTREAM GP LLC,
		 		 		 		 	its general partner
						
		 		 		 		 	By:	 	
                     
                

						
		 		 		 		 	By:	 	
                     
                

				
	Countersigned and Registered by:	 		 		 	
					
	[    ]	 		 		 		 	
	as Transfer Agent	 		 		 	
					
	By:	 	
                     
            
	 		 		 	
		 	Authorized Signature	 		 		 	

  
 A-2 

 [Reverse of Certificate] 

ABBREVIATIONS 
 The
following abbreviations, when used in the inscription on the face of this Certificate, shall be construed as follows according to applicable laws or regulations: 

TEN COM — as tenants in common 
 TEN ENT — as tenants
by the entireties 
 JT as joint tenants with right of survivorship and not as tenants in 

TEN common 
 — 

 

	
	UNIF GIFT/TRANSFERS MIN ACT—
	                                    
Custodian                                    
	              (Cust)
                                         
 (Minor)
	under Uniform Gifts/Transfers to CD Minors
	Act                                     
                                         
   
	(State)

 Additional abbreviations, though not in the above list, may also be used. 

  
 A-3 

 ASSIGNMENT OF COMMON UNITS OF 

CNX MIDSTREAM PARTNERS LP 
 FOR VALUE RECEIVED,
hereby assigns, conveys, sells and transfers unto 
  

					
	  
	 		  	
			
	  
	 		  	
			
	  
	 		  	  

	(Please print or typewrite name and address	 		  	(Please insert Social Security or other of assignee) identifying number of assignee)

 Common Units representing limited partner interests evidenced by this Certificate, subject to the Partnership
Agreement, and does hereby irrevocably constitute and appoint as its attorney-in-fact with full power of substitution to transfer the same in the records of CNX
Midstream Partners LP. 
  

							
	Date:	 	  
	  		  	NOTE: The signature to any endorsement hereon must correspond with the name as written upon the face of this Certificate in every particular, without alteration, enlargement or change.
				
		 		  		  	  

		 		  		  	(Signature)
				
		 		  		  	  

		 		  		  	(Signature)

 THE SIGNATURE(S) MUST BE 

GUARANTEED BY AN ELIGIBLE 
 GUARANTOR INSTITUTION

 (BANKS, STOCKBROKERS, 
 SAVINGS AND LOAN

 ASSOCIATIONS AND CREDIT 
 UNIONS WITH
MEMBERSHIP IN 
 AN APPROVED SIGNATURE 
 GUARANTEE
MEDALLION 
 PROGRAM), PURSUANT TO S.E.C. 
 RULE 17Ad-15 
 No transfer of the Common Units evidenced hereby will be registered in the records of the
Partnership, unless the Certificate evidencing the Common Units to be transferred is surrendered for registration or transfer. 

  
 A-4

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