Document:

Securities Purchase Agreement

 Exhibit 10.1 
 ATLAS PIPELINE PARTNERS, L.P. 
 10,000 CLASS B PREFERRED UNITS 
  
  
 Class B Preferred Unit Purchase Agreement 
 December 30, 2008 
 Atlas Pipeline Holdings, L.P. 
 Westpointe Corporate Center One 

1550 Coraopolis Heights Road 
 Moon Township, PA 15108 
 Sirs: 
 Atlas Pipeline Partners, L.P., a Delaware limited
partnership (the “Company”), proposes, subject to the terms and conditions stated herein, to issue and sell to Atlas Pipeline Holdings, L.P. (“Investor”), 10,000 12% Cumulative Convertible Class B
Preferred Units representing limited partnership interests in the Company (the “Preferred Units”). 
 This is to
confirm the agreement between the Company and Investor concerning the purchase of the Preferred Units from the Company by Investor. 
 1.
Representations, Warranties and Agreements. 
 (a) The Company represents and warrants to, and agrees with, Investor that: 

 

	 	(i)	The Company has been duly formed and is validly existing in good standing as a limited liability company under the Delaware Limited Partnership Act (the “Delaware
Act”) with full power and authority to enter into and perform its obligations under this Agreement. 

  

	 	(ii)	The Company has all requisite power and authority to issue, sell and deliver the Preferred Units in accordance with and upon the terms and conditions set forth in this Agreement and
the LP Agreement. 

  

	 	(iii)	As of the Closing Date (as defined in Section 3), the Preferred Units will be duly authorized by the Company’s Second Amended and Restated Agreement of Limited
Partnership, as amended (the “LP Agreement”) and, when issued and delivered to the Investor against payment therefor in accordance with the terms hereof, will be validly issued, fully paid and non-assessable.

	 	(iv)	This Agreement has been duly executed and delivered by the Company. 

 (b) Investor represents and warrants to, and agrees with, the Company that: 
  

	 	(i)	Investor is an “accredited investor,” as such term is defined in Rule 501(a) of Regulation D promulgated under the Securities Act of 1933, as amended (the
“Securities Act”). The Preferred Units are being, and the Option Units (as defined below) will be, acquired for its own account, for investment and with no intention of distributing or reselling such Preferred Units or any
portion thereof or interest therein, or the Common Units issuable upon conversion of the Preferred Units (the “Conversion Units”) in any transaction which would be a violation of the securities laws of the United States of
America or any state or foreign country or jurisdiction. 

  

	 	(ii)	Investor 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 Company and has knowingly and voluntarily elected instead to rely solely on its own investigation. 

  

	 	(iii)	Investor acknowledges and agrees that the Investor must bear the economic risk of this investment indefinitely, that the Preferred Units, the Option Units and the Conversion Units
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. 

  

	 	(iv)	Investor 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 Preferred Units, the Option Units and Conversion Units, and has so evaluated the merits and risks of such investment. Investor is able to bear the economic risk of an investment in the Preferred Units, the Option Units and Conversion Units and,
at the present time and in the foreseeable future, is able to afford a complete loss of such investment. 

  

	 	(v)	Investor understands that the Preferred Units, the Option Units and Conversion Units are being offered and sold to Investor in reliance upon specific exemptions from the
registration requirements of United States federal and state securities laws and that the Company is relying upon the truth and accuracy of, and Investor’s compliance with, the representations, warranties, agreements, acknowledgments and
understandings, which are true, correct and complete, of the Investor set forth herein in order to determine the availability of such exemptions and the eligibility of Investor to acquire the Preferred Units and Conversion Units.

  

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	 	(vi)	Investor has all requisite power and authority to purchase the Preferred Units and Option Units, in accordance with and upon the terms and conditions set forth in this Agreement.

  

	 	(vii)	This Agreement has been duly executed and delivered by Investor. 

  

	 	(viii)	Investor understands that each certificate representing Preferred Units or Option Units and any certificate representing Conversion Units prior to such Conversion Units being
registered under the Securities Act for resale or available for resale under Rule 144(b) under the Securities Act, shall be stamped or otherwise imprinted with a legend in substantially the following form: 

 NEITHER THESE SECURITIES NOR THE SECURITIES INTO WHICH THESE SECURITIES ARE CONVERTIBLE HAVE BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION
IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE
SECURITIES ACT OR AFTER RECEIPT BY THE COMPANY OF AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED UNDER THE SECURITIES ACT. 
 2. Purchase and Sale. Subject to the terms and conditions herein set forth, the Company agrees to sell to Investor, and Investor hereby agrees to purchase from the Company, 10,000 Preferred Units at a purchase
price of $1,000 per Preferred Unit. 
 3. The Option. 
 (a) From the date hereof until March 30, 2009, Investor shall have an option (the “Option”) to purchase, subject to the terms and conditions of this Agreement, up to an additional 10,000
of Preferred Units (the “Option Units”) at a purchase price of $1,000 per Option Unit. The Option shall be exercised by written notice of Investor to the Company (the “Option Notice”) specifying the
number of Option Units for which the Option is being exercised. 
 (b) The purchase and sale of the Option Units shall take place at a
closing (the “Option Closing”) on the tenth trading day following the date of the Option Notice (the “Option Closing Date”). 
 (c) On the Option Closing Date, the Company shall deliver to Investor or its designee certificates for the Option Units purchased by it, issued in the
name of Investor 

  

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or its designee and Investor or its designee shall deliver the Option Unit purchase price by wire transfer of immediately available funds to an account
designated in writing the Company. In addition, each party shall deliver all documents, instruments and writings required to be delivered by such party pursuant to this Agreement at or prior to the Option Closing. Subject to the payment of the
Option Unit purchase price in accordance with this Agreement, the applicable Option Units will be fully paid as of the Option Closing Date. 
 5. Delivery and Payment for the Preferred Units. Delivery of and payment for the Preferred Units shall be made at 6 p.m., New York City time, on December 30, 2008 (such date and time of delivery and payment for the Preferred
Units being herein called the “Closing Date”). Delivery of the Preferred Units shall be made to Investor against payment by Investor of the purchase price thereof to or upon the order of the Company by wire transfer payable
in same-day funds to an account specified by the Company. 
 6. Condition of Investor’s Obligations. The obligations of Investor
hereunder, as to the Preferred Units, shall be subject, in its discretion, to the condition that all representations and warranties and other statements of the Company herein are, at and as of the Closing Date, true and correct and that the Company
shall have performed all of its obligations hereunder theretofore to be performed. 
 7. Successors and Assigns. Except as otherwise
provided herein, this Agreement shall be binding upon and inure to the benefit of the parties and their respective successors and assigns, including any Assignee (as defined below). The Company shall not assign this Agreement or any rights or
obligations hereunder without the prior written consent of Investor, including by merger or consolidation. Investor may assign some or all of its rights hereunder to any assignee to the extent such assignee signs a counterpart signature page to this
Agreement or a joinder agreement. This Agreement is intended for the benefit of the parties hereto and their respective permitted successors and assigns, and is not for the benefit of, nor may any provision hereof be enforced by, any other person.

 8. Sole Agreement. This Agreement supersedes all prior agreements and understandings (whether written or oral) between the Company
and Investor, with respect to the subject matter hereof. 
 9. Governing Law. This Agreement shall be governed by and construed in
accordance with the laws of the Commonwealth of Pennsylvania. 
 10. Execution in Counterpart. This Agreement may be executed by any
one or more of the parties hereto in any number of counterparts, each of which shall be deemed to be an original, but all such counterparts shall together constitute one and the same instrument. 
 [SIGNATURES APPEAR ON FOLLOWING PAGE] 
  

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 Upon the acceptance hereof by Investor, this letter and such acceptance hereof shall constitute a binding agreement
between Investor and the Company. 
  

			
	Very truly yours,
	
	ATLAS PIPELINE PARTNERS, L.P.
	
	By: Atlas Pipeline Partners GP, LLC,
	Its general partner
		
	By:	 	  

	Name:	 	
	Title:	 	

  

			
	Accepted as of the date hereof:
	
	ATLAS PIPELINE HOLDINGS, L.P.
	
	By: Atlas Pipeline Holdings GP, LLC
	Its general partner
		
	By:	 	  

	Name:	 	
	Title:	 	

  

 5Registration Rights Agreement

 Exhibit 10.2 
 REGISTRATION RIGHTS AGREEMENT 
 Registration Rights Agreement (this
“Agreement”) dated as of December 30, 2008, by and between Atlas Pipeline Partners, L.P., a Delaware limited partnership (the “Company”), and Atlas Pipeline Holdings, L.P., a Delaware limited
partnership (the “Buyer”). 
 RECITALS 
 WHEREAS, in connection with the Class B Preferred Unit Purchase Agreement, of even date herewith, by and among the parties hereto (the
“Purchase Agreement”), the Company has agreed, upon the terms and subject to the conditions of the Purchase Agreement, to issue and sell to the Buyer up to 20,000 of the Company’s 12% Cumulative Convertible Class B
Preferred Units (the “Preferred Units”) which are convertible into the Company’s common units (the “Common Units” and the Common Units issuable upon conversion of the Preferred Units, the
“Converted Units”); 
 WHEREAS, to induce the Buyer to execute and deliver the Purchase Agreement, the Company has
agreed to provide certain registration rights under the Securities Act of 1933, as amended, and applicable state securities laws. 
 NOW,
THEREFORE, in consideration of the premises and the mutual covenants herein contained and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: 
 1. Definitions. As used in this Agreement: 
 (a) “Commission” means the Securities and Exchange Commission or any other federal agency at the time administering the Securities Act. 
 (b) “Demand Registration” has the meaning set forth in Section 2(a)(i). 
 (c)
“Exchange Act” means the Securities Exchange Act of 1934, as amended, or any successor federal statute, and the rules and regulations of the Commission thereunder, all as the same shall be in effect from time to time.

 (d) “Other Holder” shall have the meaning set forth in Section 2(b). 
 (e) “Other Securities” shall have the meaning set forth in Section 2(b). 
 (f) “Person” means a natural person, a partnership, a corporation, a limited liability company, an association, a joint stock
company, a trust, a joint venture, an unincorporated organization or a governmental entity or any department, agency or political subdivision thereof. 
 (g) “Piggyback Registration” has the meaning set forth in Section 3(a). 
 (h)
“Registrable Units” means (i) the Converted Units issued or issuable upon conversion of the Preferred Units and (ii) any units issued or issuable with respect to the 

 
Converted Units and the Preferred Units as a result of any stock split, stock dividend, recapitalization, exchange or similar event or otherwise; provided,
however, that any such Registrable Units shall not include any Converted Units (i) the sale of which has been registered pursuant to the Securities Act and have been sold pursuant to such registration or (ii) which have been sold to the
public, or are transferable without any restrictions, pursuant to Rule 144 under the Securities Act. For all purposes of this Agreement, a Person will be deemed to be a holder of Registrable Units whenever such Person has the then existing right to
acquire such Registrable Units (by exercise or conversion of securities or otherwise), whether or not such acquisition has actually been effected. 
 (i) “Registration Expenses” has the meaning ascribed to it in Section 5. 
 (j) “Securities
Act” means the Securities Act of 1933, as amended, or any successor federal statute, and the rules and regulations of the Commission thereunder, all as the same shall be in effect from time to time. 
 (k) “Shelf Registration Statement” means a shelf registration statement of the Company filed with the Commission which covers
some or all of the Registrable Units, as applicable, and, at the option of the Company, such Common Units (or other securities of the Company) as the Company shall designate therein, on an appropriate form under Rule 415 under the Securities Act, or
any similar rule that may be adopted by the Commission, and any amendments and supplements to such registration statement, including post-effective amendments, in each case including the prospectus contained therein, all exhibits thereto and all
material incorporated by reference therein. 
 2. Demand Registration. 
 (a) Requests for Registration. (i) Any time after the date hereof, any holder of Registrable Units may request registration under the
Securities Act of any or all of its Registrable Units for sale in the manner specified in such request; provided that the Company shall not be obligated to register Registrable Units pursuant to this Section 2(a)(i) on more than
[two] occasions in the aggregate. With respect to any Shelf Registration Statement, the Company will use commercially reasonable efforts to keep the Shelf Registration Statement continuously effective in order to permit the prospectus
forming part thereof to be useable by the holders for one year from its effective date or such shorter period that will terminate when all the Registrable Units covered by the Shelf Registration Statement have been sold pursuant to the Shelf
Registration Statement or cease to be Registrable Units. Any registrations requested pursuant to this Section 2(a)(i) shall be referred to as a “Demand Registration.” 
 (ii) A registration will not count as a Demand Registration until it has become effective and unless the holders of Registrable Units requesting such
registration are able to register and sell at least 80% of the Registrable Units requested to be included in such registration. 
 (b)
Priority on Demand Registrations. The Company shall have the right to cause the registration of additional equity securities (“Other Securities”) for sale for the account of any Person (each, an “Other
Holder”) in any registration of Registrable Units requested by the 

  

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holders thereof pursuant to paragraph (a) above; provided, however, that if the Company is advised in writing by a nationally recognized investment
banking firm selected by such holders that, in such firm’s good faith view, the number of Registrable Units and Other Securities requested to be included (i) creates a substantial risk that the price per unit in such registration will be
materially and adversely affected or (ii) exceeds the number of Registrable Units and Other Securities which can be sold in such offering, then the Company will include in such registration, prior to the inclusion of any Other Securities, the
number of Registrable Units requested to be included which in the opinion of such underwriters can be sold, pro rata among the respective holders on the basis of the number of Registrable Units owned by such holders. 
 (c) Restrictions on Registrations. The Company may postpone for up to 90 days the filing or the effectiveness of a registration statement for a
Demand Registration if the Company delivers to the holders of Registrable Units that have requested such Demand Registration a certificate executed by the Company’s Chief Executive Officer to the effect that such Demand Registration, if
effected, would have a material adverse effect on any bona fide, material proposal or plan by the Company to engage in any financing, acquisition of assets or any merger, consolidation, tender offer or other significant transaction; provided,
however, that the Company may not utilize this right more than twice in any twelve-month period. 
 3. Piggyback Registrations.

 (a) Right to Piggyback. Whenever the Company proposes to register any of its securities under the Securities Act (whether or not for
its own account) and the registration form to be used may be used for the registration of Registrable Units (a “Piggyback Registration”), the Company will give prompt written notice to all holders of Registrable Units of its
intention to effect such a registration and, subject to the terms hereof, will include in such registration all Registrable Units with respect to which the Company has received written requests for inclusion therein within 15 days after the receipt
of the Company’s notice. 
 (b) Priority on Primary Registrations. If a Piggyback Registration is an underwritten primary
registration on behalf of the Company, and the managing underwriters advise the Company in writing that in their opinion the number of securities requested to be included in such registration (i) creates a substantial risk that the price per
unit in such registration will be materially and adversely affected, or (ii) exceeds the number which can be sold in such offering, then the Company will include in such registration: first, the securities the Company proposes to sell
and second, the Registrable Units and the Other Securities requested to be included in such registration to the extent that, in the opinion of such underwriters, they can be sold, pro rata among the holders of such Registrable
Units and the Other Holders on the basis of the number of Registrable Units and Other Securities requested to be so registered. 
 (c)
Priority on Secondary Registrations. If a Piggyback Registration is not an underwritten primary registration but is an underwritten secondary registration on behalf of holders of the Company’s securities, and the managing underwriters
advise the Company in writing that in their opinion the number of securities requested to be included in such registration (i) creates a substantial risk that the price per unit in such registration will be materially and adversely affected, or
(ii) exceeds the number which can be sold in such offering, then the Company will include in such registration the number of securities (including Registrable Units) 

  

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that such underwriters advise can be so sold without adversely affecting such offering, allocated pro rata among the Other Holders and the holders of
Registrable Units on the basis of the number of securities (including Registrable Units) requested to be included therein by each Other Holder and each holder of Registrable Units. 
 4. Registration Procedures. 
 (a)
Whenever any holders of Registrable Units have requested that any Registrable Units be registered pursuant to this Agreement, the Company will use its best efforts to effect the registration and the sale of such Registrable Units in accordance with
the intended method of disposition thereof, and pursuant thereto the Company will as expeditiously as possible: 
 (i) prepare and file with
the Commission a registration statement with respect to such Registrable Units (after the holders of Registrable Units included in such offering have had a reasonable opportunity to review and comment on such registration statement (and each
amendment or prospectus filing related thereto)) and cause such registration statement to become and remain effective for such period as may be reasonably necessary to effect the sale of such securities as described in such request; 
 (ii) prepare and file with the Commission such amendments and supplements to such registration statement and the prospectus used in connection therewith
as may be necessary to keep such registration statement effective and comply with the provisions of the Securities Act with respect to the disposition of all securities covered by such registration statement during such period in accordance with the
intended methods of disposition by the sellers thereof set forth in such registration statement; 
 (iii) furnish to each seller of
Registrable Units and the underwriters of the securities being registered such number of copies of such registration statement, each amendment and supplement thereto, the prospectus included in such registration statement (including each preliminary
prospectus) and such other documents as such seller or underwriters may reasonably request in order to facilitate the disposition of the Registrable Units owned by such seller or the sale of such securities by such underwriters; 
 (iv) register or qualify such Registrable Units under such other securities or blue sky laws of such jurisdictions as any seller or, in the case of an
underwritten public offering, the managing underwriter, reasonably requests and do any and all other acts and things which may be reasonably necessary to enable such seller to consummate the disposition in such jurisdictions of the Registrable Units
owned by such seller (provided, however, that the Company will not be required to (x) qualify generally to do business in any jurisdiction where it would not otherwise be required to qualify but for this subsection or (y) consent to
general service of process in any such jurisdiction); 
 (v) cause all such Registrable Units to be listed or authorized for quotation on
each securities exchange or automated quotation system on which similar securities issued by the Company are then listed or quoted; 
  

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 (vi) provide a transfer agent and registrar for all such Registrable Units not later than the effective
date of such registration statement; 
 (vii) enter into such customary agreements (including underwriting agreements in customary form) and
take all such other actions as the holders of a majority of the Registrable Units being sold or the underwriters, if any, reasonably request in order to expedite or facilitate the disposition of such Registrable Units; 
 (viii) make available for inspection by any seller of Registrable Units, any underwriter participating in any disposition pursuant to such registration
statement, and any attorney, accountant or other agent retained by any such seller or underwriter, all financial and other records, pertinent corporate documents and properties of the Company, and cause the Company’s officers, directors,
employees and independent accountants to supply all information reasonably requested by any such seller, underwriter, attorney, accountant or agent in connection with the preparation of such registration statement; 
 (ix) notify each seller of such Registrable Units, promptly after it shall receive notice thereof, of the time when such registration statement has
become effective or a supplement to any prospectus forming a part of such registration statement has been filed; 
 (x) notify each seller of
such Registrable Units of any request by the Commission for the amending or supplementing of such registration statement or prospectus or for additional information; 
 (xi) prepare and file with the Commission, promptly upon the request of any seller of such Registrable Units, any amendments or supplements to such registration statement or prospectus which, in the written opinion of
counsel selected by the holders of a majority of the Registrable Units being registered, may be required under the Securities Act in connection with the distribution of Registrable Units by such seller; 
 (xii) prepare and promptly file with the Commission and promptly notify each seller of such Registrable Units of the filing of such amendment or
supplement to such registration statement or prospectus as may be necessary to correct any statements or omissions if, at the time when a prospectus relating to such securities is required to be delivered under the Securities Act, any event shall
have occurred as the result of which any such prospectus or any other prospectus as then in effect would include an untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in the light of the
circumstances under which they were made, not misleading; 
 (xiii) advise each seller of such Registrable Units, promptly after it shall
receive notice or obtain knowledge thereof, of the issuance of any stop order by the Commission suspending the effectiveness of such registration statement or the initiation or threatening of any proceeding for such purpose and promptly use its best
efforts to prevent the issuance of any stop order or to obtain its withdrawal if such stop order is issued; 
 (xiv) refrain from filing any
such registration statement, prospectus, amendment or supplement to which counsel selected by the holders of a majority of the Registrable Units being registered shall have objected in writing on the grounds that such amendment or supplement may not
comply in all material respects with the requirements of the Securities Act; 
  

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 (xv) at the request of any seller of such Registrable Units furnish on the date or dates provided for in
the underwriting agreement, if any, or upon the effective date of the registration statement: (A) an opinion of counsel, addressed to the underwriters, if any, and the sellers of Registrable Units, covering such matters as such underwriters, if
any, and sellers may reasonably request and as are customarily covered by the issuer’s counsel in an underwritten offering; and (B) a letter or letters from the independent certified public accountants of the Company addressed to the
underwriters, if any, and the sellers of Registrable Units, covering such matters as such underwriters, if any, and sellers may reasonably request and as are customarily covered in accountant’s letters in connection with an underwritten
offering; 
 (xvi) during such time as any holders of Registrable Units may be engaged in a distribution of Registrable Units, comply with
Regulation M promulgated under the Exchange Act, to the extent applicable; and 
 (xvii) otherwise use its best efforts to comply with the
provisions of the Securities Act with respect to the disposition of all securities covered by such registration statement in accordance with the intended method of disposition and to make generally available to its security holders, as soon as
reasonably practicable, an earnings statement satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder. 
 (b) Each holder of Registrable Units that sells Registrable Units pursuant to a registration under this Agreement agrees as follows: 
 (i) Such seller shall cooperate as reasonably requested by the Company with the Company in connection with the preparation of the registration statement, and for so long as the Company is obligated to file and keep effective the
registration statement, shall provide to the Company, in writing, for use in the registration statement, all such information regarding such seller and its plan of distribution of the Registrable Units as may be reasonably necessary to enable the
Company to prepare the registration statement and prospectus covering the Registrable Units, to maintain the currency and effectiveness thereof and otherwise to comply with all applicable requirements of law in connection therewith; and 

(ii) During such time as such seller may be engaged in a distribution of the Registrable Units, such seller shall (A) comply with Regulation M
promulgated under the Exchange Act, to the extent applicable, (B) distribute the Registrable Units under the registration statement solely in the manner described in the registration statement and (C) cease distribution of such Registrable
Units pursuant to such registration statement upon receipt of written notice from the Company that the prospectus covering the Registrable Units contains any untrue statement of a material fact or omits a material fact required to be stated therein
or necessary to make the statements therein not misleading. 
  

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 5. Registration Expenses. 
 (a) All expenses incident to the Company’s performance of or compliance with this Agreement, including all registration and filing fees, fees of
transfer agents and registrars, fees and expenses of compliance with securities or blue sky laws, fees of the Financial Industry Regulatory Authority, printing expenses, road show expenses, fees and disbursements of counsel for the Company, fees and
expenses of the Company’s independent certified public accountants, and the fees and expenses of any underwriters (excluding underwriting discounts and commissions attributable to the Registrable Units included in such registration) and other
Persons retained by the Company (all such expenses being herein called “Registration Expenses”), will be borne by the Company. In addition, the Company will pay its internal expenses (including all salaries and expenses of
its officers and employees performing legal or accounting duties), the expense of any annual audit or quarterly review, the expense of any liability insurance obtained by the Company and the expenses and fees for listing or authorizing for quotation
the securities to be registered on each securities exchange or automated quotation system on which any Common Units are then listed or quoted. 
 (b) In connection with each Demand Registration and each Piggyback Registration effected pursuant to this Agreement, the Company will reimburse the holders of Registrable Units covered by such registration for such holders’
out-of-pocket expenses and the reasonable fees and expenses of one special counsel for the holders chosen by the holders of a majority of such Registrable Units. 
 (c) Notwithstanding paragraphs (a) and (b) above, the holders of the Registrable Units agree that in the event any such holders voluntarily withdraw their registration demand, such holders shall pay their
pro rata portion of Registration Expenses incurred in such registration or surrender a single registration demand, as set forth in Section 2(a) above, as a result of such withdrawal. 
 6. Indemnification. 
 (a) In the event
of a registration of the Registrable Units under the Securities Act pursuant to the terms hereof, the Company agrees to indemnify, hold harmless and defend, to the fullest extent permitted by law, each seller of Registrable Units, its officers,
directors shareholders, partners, members, employees and agents and each Person who controls such seller (within the meaning of the Securities Act or the Exchange Act) against all losses, claims, damages, liabilities and expenses (including
reasonable attorneys’ fees except as limited by Section 6(c)) caused by (i) any untrue or alleged untrue statement of a material fact contained in any registration statement under which such Registrable Units were registered, any
prospectus or preliminary prospectus contained therein or any amendment thereof or supplement thereto, any Issuer Free Writing Prospectus or any amendment thereof or supplement thereto, (ii) any omission or alleged omission of a material fact
required to be stated therein or necessary to make the statements therein not misleading or (iii) any violation or alleged violation by the Company of the Securities Act, the Exchange Act, any state securities laws or any rule or regulation
promulgated under the Securities Act, the Exchange Act or any state securities law, except insofar as the same are caused by or contained in any information furnished in writing to the Company or any managing underwriter by such seller or any such
controlling person expressly 

  

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for use therein. In connection with an underwritten offering, the Company will indemnify such underwriters, their officers and directors and each Person who
controls such underwriters (within the meaning of the Securities Act or the Exchange Act) to the same extent as provided above with respect to the indemnification of the sellers of Registrable Units (and with the same exception with respect to
information furnished or omitted by such underwriter or controlling person thereof) and in connection therewith the Company shall enter into an underwriting agreement in customary form containing such provisions for indemnification and contribution
as shall be reasonably requested by the underwriters. 
 (b) In connection with any registration statement in which a seller of Registrable
Units is participating, each such seller will furnish to the Company in writing such information as the Company reasonably requests for use in connection with any such registration statement or prospectus and, to the fullest extent permitted by law,
will indemnify, hold harmless and defend the Company, its directors and officers and each Person who controls the Company (within the meaning of the Securities Act) and each underwriter and controlling person thereof against any losses, claims,
damages, liabilities and expenses (including reasonable attorneys’ fees except as limited by Section 6(c)) resulting from any untrue statement of a material fact contained in the registration statement, prospectus or preliminary prospectus
or any amendment thereof or supplement thereto or any omission of a material fact required to be stated therein or necessary to make the statements therein not misleading, but only to the extent that such untrue statement or omission is contained in
any information so furnished in writing to the Company or any managing underwriter by such seller or a controlling person thereof expressly for use therein; provided that the obligation to indemnify will be several, not joint and several, among such
sellers of Registrable Units, and the liability of each such seller of Registrable Units will be limited to the net amount received by such seller from the sale of Registrable Units pursuant to such registration statement. 
 (c) Any Person entitled to indemnification hereunder will (i) give prompt written notice to the indemnifying party of any claim with respect to
which it seeks indemnification (provided that the failure to give such notice shall not limit the rights of such Person except to the extent such failure to give notice shall materially prejudice the rights of the indemnifying party) and
(ii) unless in such indemnified party’s reasonable judgment (with written advice of counsel) a conflict of interest between such indemnified and indemnifying parties may exist with respect to such claim, permit such indemnifying party to
assume the defense of such claim with counsel reasonably satisfactory to the indemnified party. If such defense is assumed, the indemnifying party will not enter into any settlement without the indemnified party’s prior written consent unless
such settlement includes an unconditional release of the indemnified party from liability relating to the claim. An indemnifying party who is not entitled to, or elects not to, assume the defense of a claim will not be obligated to pay the fees and
expenses of more than one counsel for all parties indemnified by such indemnifying party with respect to such claim, unless in the reasonable judgment (with written advice of counsel) of any indemnified party a conflict of interest may exist between
such indemnified party and any other of such indemnified parties with respect to such claim. 
 (d) Each party hereto agrees that, if for any
reason the indemnification provisions contemplated by Section 6(a) or Section 6(b) are unavailable to or insufficient to hold harmless an indemnified party in respect of any losses, claims, damages, liabilities or expenses 

  

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(or actions in respect thereof) referred to therein, then each indemnifying party shall contribute to the amount paid or payable by such indemnified party as
a result of such losses, claims, damages, liabilities or expenses (or actions in respect thereof) in such proportion as is appropriate to reflect the relative fault of the indemnifying party and the indemnified party as well as any other relevant
equitable considerations. The relative fault of such indemnifying party and indemnified party shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or omission or alleged omission
to state a material fact relates to information supplied by such indemnifying party or indemnified party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission. The
parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 6(d) were determined by pro rata allocation (even if the holders or any underwriters or all of them were treated as one entity for such
purpose) or by any other method of allocation which does not take account of the equitable considerations referred to in this Section 6(d). The amount paid or payable by an indemnified party as a result of the losses, claims, damages,
liabilities or expenses (or actions in respect thereof) referred to above shall be deemed to include any legal or other fees or expenses reasonably incurred by such indemnified party in connection with investigating or, except as provided in
Section 6(c), defending any such action or claim. Notwithstanding the provisions of this Section 6(d), no holder shall be required to contribute an amount greater than the dollar amount of the proceeds received by such holder with respect
to the sale of any Registrable Units. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any person who was not guilty of such fraudulent
misrepresentation. The holders’ obligations in this Section 6(d) to contribute shall be several in proportion to the amount of Registrable Units registered by them and not joint. 
 (e) The indemnification and contribution provided for under this Agreement will remain in full force and effect regardless of any investigation made by
or on behalf of the indemnified party or any officer, director or controlling Person of such indemnified party and shall survive the offering of Registrable Units in a registration statement. 
 7. Compliance with Rule 144. The Company shall (i) make and keep public information available, as those terms are understood and defined in
Rule 144 under the Securities Act, at all times after 90 days after the effective date of the first registration statement filed by the Company for the offering of its securities to the general public, (ii) file with the Commission in a timely
manner all reports and other documents required of the Company under the Securities Act and the Exchange Act and (iii) at the request of any holder who proposes to sell securities in compliance with Rule 144, forthwith furnish to such holder a
written statement of compliance with the reporting requirements of the Commission as set forth in Rule 144 and make available to such holders such information as will enable the holders to make sales pursuant to Rule 144. 
 8. Amendments and Waivers. Except as otherwise expressly provided herein, the provisions of this Agreement may be amended or waived at any time
only by the written agreement of the Company and a majority in interest of the holders of the Registrable Units; provided that any such amendment or waiver shall apply equally to all holders of Registrable Units. Any waiver, permit, consent or
approval of any kind or character on the part of any such holders of any provision or condition of this Agreement must be made in writing and shall be effective only to the extent specifically set forth in writing. 
  

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 9. Successors and Assigns. Except as otherwise expressly provided herein, all covenants and
agreements contained in this Agreement by or on behalf of any of the parties hereto will bind and inure to the benefit of the respective successors and assigns of the parties hereto, whether so expressed or not. In addition, the provisions of this
Agreement which are for the benefit of the holders of Registrable Units are also for the benefit of, and enforceable by, any subsequent holder of Registrable Units who consents in writing to be bound by this Agreement. 
 10. Final Agreement. This Agreement constitutes the final agreement of the parties concerning the matters referred to herein, and supersedes all
prior agreements and understandings. 
 11. Severability. Whenever possible, each provision of this Agreement will be interpreted in
such manner as to be effective and valid under applicable law, but if any provision of this Agreement is held to be prohibited by or invalid under applicable law, such provision will be ineffective only to the extent of such prohibition or
invalidity, without invalidating the remainder of this Agreement. 
 12. Descriptive Heading. The descriptive headings of this
Agreement are inserted for convenience of reference only and do not constitute a part of and shall not be utilized in interpreting this Agreement. 
 13. Notices. Any notices required or permitted to be sent hereunder shall be delivered personally or mailed, certified mail, return receipt requested, or delivered by overnight courier service to the following addresses, or such
other addresses as shall be given by notice delivered hereunder, or transmitted by facsimile transmission, and shall be deemed to have been given upon delivery, if delivered personally, when confirmation of transmission is received, if transmitted
by facsimile, three business days after mailing, if mailed, one business day after delivery to the courier, if delivered by overnight courier service, or, in the case of facsimile transmission, when received: 
 If to the holders of Registrable Units, to the addresses set forth on the record books of the Company. 
  

	
	If to the Company:
	
	1550 Coraopolis Heights Road
	Moon Township, PA 15108
	Telecopier: (412) 262-2820

 14. GOVERNING LAW. THE VALIDITY, MEANING AND EFFECT OF THIS AGREEMENT SHALL BE DETERMINED IN
ACCORDANCE WITH THE LAWS OF THE COMMONWEALTH OF PENNSYLVANIA APPLICABLE TO CONTRACTS MADE AND TO BE PERFORMED IN THAT STATE. 
  

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 15. Counterparts. This Agreement may be executed in any number of counterparts, each of which when
so executed and delivered shall be deemed an original, and such counterparts together shall constitute one instrument. Each party shall receive a duplicate original of the counterpart copy or copies executed by it and the Company. 
 * * * * * * * 
  

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 This Registration Agreement was executed on the date first set forth above. 
  

			
	ATLAS PIPELINE PARTNERS, L.P.
	
	By: Atlas Pipeline Partners GP, LLC
		
	By:	 	 /s/ Matthew A. Jones

	Name:	 	Matthew A. Jones
	Title:	 	Chief Financial Officer
	
	ATLAS PIPELINE HOLDINGS, L.P.
	
	By: Atlas Pipeline Holdings GP, LLC
		
	By:	 	 /s/ Matthew A. Jones

	Name:	 	Matthew A. Jones
	Title:	 	Chief Financial Officer

  

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