Document:

AGREEMENT OF LIMITED PARTNERSHIP

OF

ARMADA ENTERPRISES LP

A Delaware Limited Partnership

 

TABLE OF CONTENTS

 

	Article I DEFINITIONS	2
	 	 	 
	 	Section 1.1 Definitions	2
	 	Section 1.2 Construction	18
	 	 	 
	Article II ORGANIZATION	19
	 	 	 
	 	Section 2.1 Formation	19
	 	Section 2.2 Name	19
	 	Section 2.3 Registered Office; Registered Agent;
    Principal Office; Other Offices	19
	 	Section 2.4 Purpose and Business	19
	 	Section 2.5 Powers	20
	 	Section 2.6 Term	20
	 	Section 2.7 Title to Partnership Assets	20
	 	 	 
	Article III RIGHTS OF LIMITED PARTNERS	20
	 	 	 
	 	Section 3.1 Limitation of Liability	20
	 	Section 3.2 Management of Business	20
	 	Section 3.3 Rights of Limited Partners	20
	 	 	 
	Article IV CERTIFICATES; RECORD
    HOLDERS; TRANSFER OF PARTNERSHIP INTERESTS; REDEMPTION OF PARTNERSHIP INTERESTS	22
	 	 	
	 	Section 4.1 Certificates	22
	 	Section 4.2 Mutilated, Destroyed, Lost or Stolen
    Certificates	22
	 	Section 4.3 Record Holders	23
	 	Section 4.4 Transfer Generally	23
	 	Section 4.5 Registration and Transfer of Limited
    Partner Interests	23
	 	Section 4.6 Transfer of the General Partner’s
    General Partner Interest	24

 

    	 

    	 

    

 

	 	Section 4.7 Transfer of Incentive Distribution
    Rights	25
	 	Section 4.8 Restrictions on Transfers	25
	 	Section 4.9 Eligibility Certificates; Ineligible
    Holders	26
	 	Section 4.10 Redemption of Partnership Interests
    of Ineligible Holders	27
	 	 	 
	Article V CAPITAL CONTRIBUTIONS
    AND ISSUANCE OF PARTNERSHIP INTERESTS	28
	 	 	 
	 	Section 5.1 Organizational Contributions	28
	 	Section 5.2 Issuance to the General Partner	28
	 	Section 5.3 Contributions by Limited Partners	28
	 	Section 5.4 Interest and Withdrawal	28
	 	Section 5.5 Capital Accounts	29
	 	Section 5.6 Issuances of Additional Partnership
    Interests	32
	 	Section 5.7 Conversion of Subordinated Units	32
	 	Section 5.8 Limited Preemptive Right	32
	 	Section 5.9 Splits and Combinations	33
	 	Section 5.10 Fully Paid and Non-Assessable Nature
    of Limited Partner Interests	33
	 	Section 5.11 Issuance of Common Units in Connection
    with Reset of Incentive Distribution Rights	34
	 	 	 
	Article VI ALLOCATIONS AND DISTRIBUTIONS	35
	 	 	
	 	Section 6.1 Allocations for Capital Account
    Purposes	35
	 	Section 6.2 Allocations for Tax Purposes	42
	 	Section 6.3 Requirement and Characterization
    of Distributions; Distributions to Record Holders	43
	 	Section 6.4 Distributions of Available Cash
    from Operating Surplus	44
	 	Section 6.5 Distributions of Available Cash
    from Capital Surplus	45
	 	Section 6.6 Adjustment of Minimum Quarterly
    Distribution and Target Distribution Levels	45
	 	Section 6.7 Special Provisions Relating to the
    Holders of Subordinated Units	45
	 	Section 6.8 Special Provisions Relating to the
    Holders of Incentive Distribution Rights	46
	 	Section 6.9 Entity-Level Taxation	 
	 	 	 
	Article VII MANAGEMENT AND OPERATION
    OF BUSINESS	47
	 	 	 
	 	Section 7.1 Management	47
	 	Section 7.2 Certificate of Limited Partnership	48
	 	Section 7.3 Restrictions on the General Partner’s
    Authority to Sell Assets of the Partnership Group	48
	 	Section 7.4 Reimbursement of and Other Payments
    to the General Partner	49
	 	Section 7.5 Outside Activities	50
	 	Section 7.6 Loans from the General Partner;
    Loans or Contributions from the Partnership	50

 

    	 

    	 

    

 

	 	Section 7.7 Indemnification	51
	 	Section 7.8 Liability of Indemnitees	52
	 	Section 7.9 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	55
	 	Section 7.11 Purchase or Sale of Partnership
    Interests	55
	 	Section 7.12 Registration Rights of the General
    Partner and its Affiliates	55
	 	Section 7.13 Reliance by Third Parties	59
	 	Section 7.14 Replacement of Fiduciary Duties	59
	 	 	 
	Article VIII BOOKS, RECORDS, ACCOUNTING
    AND REPORTS	59
	 	 	 
	 	Section 8.1 Records and Accounting	59
	 	Section 8.2 Fiscal Year	59
	 	Section 8.3 Reports	59
	 	 	 
	Article IX TAX MATTERS	60
	 	 	 
	 	Section 9.1 Tax Returns and Information	60
	 	Section 9.2 Tax Elections	60
	 	Section 9.3 Tax Controversies	60
	 	Section 9.4 Withholding	61
	 	 	 
	Article X ADMISSION OF PARTNERS	61
	 	 	 
	 	Section 10.1 Admission of Limited Partners	61
	 	Section 10.2 Admission of Successor General
    Partner	62
	 	Section 10.3 Amendment of Agreement and Certificate
    of Limited Partnership	62
	 	 	 
	Article XI WITHDRAWAL OR REMOVAL
    OF PARTNERS	62
	 	 	 
	 	Section 11.1 Withdrawal of the General Partner	62
	 	Section 11.2 Removal of the General Partner	63
	 	Section 11.3 Interest of Departing General Partner
    and Successor General Partner	64
	 	Section 11.4 Termination of Subordination Period,
    Conversion of Subordinated Units and Extinguishment of Cumulative Common Unit Arrearages	65
	 	Section 11.5 Withdrawal of Limited Partners	65
	 	 	 
	Article XII DISSOLUTION AND LIQUIDATION	65
	 	 	 
	 	Section 12.1 Dissolution	65
	 	Section 12.2 Continuation of the Business of
    the Partnership After Dissolution	66
	 	Section 12.3 Liquidator	66

 

    	 

    	 

    

 

	 	Section 12.4 Liquidation	66
	 	Section 12.5 Cancellation of Certificate of
    Limited Partnership	67
	 	Section 12.6 Return of Contributions	67
	 	Section 12.7 Waiver of Partition	67
	 	Section 12.8 Capital Account Restoration	67
	 	 	 
	Article XIII AMENDMENT OF PARTNERSHIP
    AGREEMENT; MEETINGS; RECORD DATE	68
	 	 	 
	 	Section 13.1 Amendments to be Adopted Solely
    by the General Partner	68
	 	Section 13.2 Amendment Procedures	69
	 	Section 13.3 Amendment Requirements	69
	 	Section 13.4 Special Meetings	70
	 	Section 13.5 Notice of a Meeting	70
	 	Section 13.6 Record Date	70
	 	Section 13.7 Postponement and Adjournment	71
	 	Section 13.8 Waiver of Notice; Approval of Meeting	71
	 	Section 13.9 Quorum and Voting	71
	 	Section 13.10 Conduct of a Meeting	72
	 	Section 13.11 Action Without a Meeting	72
	 	Section 13.12 Right to Vote and Related Matters	72
	 	 	 
	Article XIV MERGER, CONSOLIDATION
    OR CONVERSION	73
	 	 	 
	 	Section 14.1 Authority	73
	 	Section 14.2 Procedure for Merger, Consolidation
    or Conversion	73
	 	Section 14.3 Approval by Limited Partners	74
	 	Section 14.4 Certificate of Merger or Certificate
    of Conversion	75
	 	Section 14.5 Effect of Merger, Consolidation
    or Conversion	75
	 	 	 
	Article XV RIGHT TO ACQUIRE LIMITED
    PARTNER INTERESTS	76
	 	 	 
	 	Section 15.1 Right to Acquire Limited Partner
    Interests	76
	 	 	 
	Article XVI GENERAL PROVISIONS	77
	 	 	 
	 	Section 16.1 Addresses and Notices; Written
    Communications	77
	 	Section 16.2 Further Action	77
	 	Section 16.3 Binding Effect	77
	 	Section 16.4 Integration	77
	 	Section 16.5 Creditors	77
	 	Section 16.6 Waiver	77
	 	 	 
	 	Section 16.7 Third-Party Beneficiaries	78
	 	Section 16.8 Counterparts	78
	 	Section 16.9 Applicable Law; Forum; Venue and
    Jurisdiction; Waiver of Trial by Jury	78
	 	Section 16.10 Invalidity of Provisions	79
	 	Section 16.11 Consent of Partners	79
	 	Section 16.12 Facsimile and Email Signatures	79

 

    	 

    	 

    

 

AGREEMENT
OF LIMITED PARTNERSHIP OF ARMADA ENTERPRISES LP

 

THIS
AGREEMENT OF LIMITED PARTNERSHIP OF ARMADA ENTERPRISES LP (the “Partnership”), to become effective as of October 17,
2017, is entered into by and between ARMADA ENTERPRISES GP LLC, a Delaware limited liability company, as the General Partner;
the shareholders of Bim Homes, Inc., a Delaware corporation (“BMHM”), as the Initial Limited Partners who have ALL
voted to convert it into the Partnership and approve the BMHM Plan of Conversion approved by the BMHM board of directors on October
28, 2016 and approved by the BMHM shareholders on October 12, 2017, together with any other Persons who become Partners in
the Partnership or parties hereto as provided herein. In consideration of the covenants, conditions and agreements contained herein,
the parties hereto hereby agree as follows:

 

ARTICLE
I DEFINITIONS

 

Section
1.1 Definitions. The following definitions shall be for all purposes, unless otherwise clearly indicated to the contrary, applied
to the terms used in this Agreement.

 

“Acquisition”
means any transaction in which the Partnership or the Partnership Group acquires (through an asset acquisition, stock acquisition,
merger or other form of investment) control over all or a portion of the assets, properties or business of another Person for
the purpose of increasing, over the long-term, the operating capacity or operating income of the Partnership Group from the operating
capacity or operating income of the Partnership Group existing immediately prior to such transaction. For purposes of this definition,
“long-term” generally refers to a period of not less than twelve months.

 

“Acquisition
Units” means LP Units issued as consideration for all or a portion of an Acquisition. Acquisition Units are Common LP Units
provided however that certain Acquisition Units may be issued to the Acquisition Unit Unitholder “Unvested” until
the Acquired Property achieves certain performance milestones within the Partnership Group, which shall be set forth in the Acquisition
transaction documents. “Unvested” Acquisition Units do not participate in Common Unit distributions, but may accrue
Common Unit Arrearages only if set forth in the Acquisition transaction documents, while the Acquisition asset’s performance
milestones are achieved and the Unvested Acquisition Units “vests” and converts to Common LP Units. The Acquisition
transaction documents shall set forth a time deadline for the Acquisition Units to vest, Revaluation Event, after which the Acquisition
Units shall vest based upon its Adjusted Value and any unvested Acquisition Units shall be cancelled or voided.

 

“Acquired
Property” means any property acquired by the Partnership in an Acquisition.

 

“Additional
Book Basis” means, with respect to any Adjusted Property, the portion of any remaining Carrying Value of such Adjusted Property
that is attributable to positive adjustments made to such Carrying Value determined in accordance with the provisions set forth
below in this definition of Additional Book Basis. For purposes of determining the extent to which Carrying Value constitutes
Additional Book Basis:

 

(a)
Any negative adjustment made to the Carrying Value of an Adjusted Property as a result of either a Book-Down Event or a Book-Up
Event shall first be deemed to offset or decrease that portion of the Carrying Value of such Adjusted Property that is attributable
to any prior positive adjustments made thereto pursuant to a Book-Up Event or Book-Down Event; and

 

(b)
If Carrying Value that constitutes Additional Book Basis is reduced as a result of a Book-Down Event and the Carrying Value of
other property is increased as a result of such Book-Down Event, an allocable portion of any such increase in Carrying Value shall
be treated as Additional Book Basis; provided, that the amount treated as Additional Book Basis pursuant hereto as a result of
such Book-Down Event shall not exceed the amount by which the Aggregate Remaining Net Positive Adjustments after such Book-Down
Event exceeds the remaining Additional Book Basis attributable to all of the Partnership’s Adjusted Property after such
Book-Down Event (determined without regard to the application of this clause (b) to such Book-Down Event).

 

    	2

    	 

    

 

“Additional
Book Basis Derivative Items” means any Book Basis Derivative Items that are computed with reference to Additional Book Basis.
To the extent that the Additional Book Basis attributable to all of the Partnership’s Adjusted Property as of the beginning
of any taxable period exceeds the Aggregate Remaining Net Positive Adjustments as of the beginning of such period (the “Excess
Additional Book Basis”), the Additional Book Basis Derivative Items for such period shall be reduced by the amount that
bears the same ratio to the amount of Additional Book Basis Derivative Items determined without regard to this sentence as the
Excess Additional Book Basis bears to the Additional Book Basis as of the beginning of such period. With respect to a Disposed
of Adjusted Property, the Additional Book Basis Derivative Items shall be the amount of Additional Book Basis taken into account
in computing gain or loss from the disposition of such Disposed of Adjusted Property; provided that the provisions of the immediately
preceding sentence shall apply to the determination of the Additional Book Basis Derivative Items attributable to Disposed of
Adjusted Property.

 

“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.

 

“Adjusted
Operating Surplus” means, with respect to any period, (a) Operating Surplus generated with respect to such period less (b)
(i) the amount of any net increase in Working Capital Borrowings (or the Partnership’s proportionate share of any net increase
in Working Capital Borrowings in the case of Subsidiaries that are not wholly owned) with respect to such period and (ii) the
amount of any net decrease in cash reserves (or the Partnership’s proportionate share of any net decrease in cash reserves
in the case of Subsidiaries that are not wholly owned) for Operating Expenditures with respect to such period not relating to
an Operating Expenditure made with respect to such period, and plus (c) (i) the amount of any net decrease in Working Capital
Borrowings (or the Partnership’s proportionate share of any net decrease in Working Capital Borrowings in the case of Subsidiaries
that are not wholly owned) with respect to such period, (ii) the amount of any net decrease made in subsequent periods in cash
reserves for Operating Expenditures initially established with respect to such period to the extent such decrease results in a
reduction in Adjusted Operating Surplus in subsequent periods pursuant to clause (b)(ii) above and (iii) the amount of any net
increase in cash reserves (or the Partnership’s proportionate share of any net increase in cash reserves in the case of
Subsidiaries that are not wholly owned) for Operating Expenditures with respect to such period required by any debt instrument
for the repayment of principal, interest or premium. Adjusted Operating Surplus does not include that portion of Operating Surplus
included in clause (a)(i) of the definition of “Operating Surplus.”

 

“Adjusted
Property” means any property the Carrying Value of which has been adjusted pursuant to Section 5.5(d).

 

“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.

 

    	3

    	 

    

 

“Aggregate
Quantity of IDR Reset Common Units” has the meaning given such term in Section 5.11(a).

 

“Aggregate
Remaining Net Positive Adjustments” means, as of the end of any taxable period, the sum of the Remaining Net Positive Adjustments
of all the Partners.

 

“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 6.1, including a Curative Allocation (if appropriate to the context in which the term “Agreed
Allocation” is used).

 

“Agreed
Value” of (a) a Contributed Property or Acquired Property means the fair market value of such property or asset at the time
of contribution or Acquisition 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 and Acquired Property acquired
by the Partnership in a single or integrated transaction among each separate property based upon the historical earnings and/or
projected cash flow.

 

“Agreement”
means this Agreement of Limited Partnership of Armada Enterprises 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

 

(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)
provide funds for distributions under Section 6.4 or Section 6.5 in respect of any one or more of the next four Quarters; provided,
however, that the General Partner may not establish cash reserves pursuant to subclause (iii) above if the effect of such reserves
would be that the Partnership is unable to distribute the Minimum Quarterly Distribution on all Common Units, plus any Cumulative
Common Unit Arrearage on all Common Units, with respect to such Quarter; provided further, that 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.

 

    	4

    	 

    

 

Notwithstanding
the foregoing, “Available Cash” with respect to the Quarter in which the Liquidation Date occurs and any subsequent
Quarter shall equal zero.

 

“BMHM”
means the Delaware corporation, Bim Homes, Inc., which is converting the Partnership pursuant to the Plan of Conversion.

 

“Board
of Directors” means, with respect to the General Partner, its board of directors or board of managers, the makeup of which
will be set forth in the General Partner’s management agreement with the Partnership.

 

“Book
Basis Derivative Items” means any item of income, deduction, gain or loss that is computed with reference to the Carrying
Value of an Adjusted Property (e.g., depreciation, depletion, or gain or loss with respect to an Adjusted Property).

 

“Book-Down
Event” means a Revaluation Event that gives rise to a Net Termination Loss.

 

“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 5.5 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.

 

“Book-Up
Event” means a Revaluation Event that gives rise to a Net Termination Gain.

 

“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 shall not be regarded as a Business Day.

 

“Capital
Account” means the capital account maintained for a Partner pursuant to Section 5.5. 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.

 

“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.

 

“Capital
Surplus” means Available Cash distributed by the Partnership in excess of Operating Surplus, as described in Section 6.3(a).

 

“Carrying
Value” means (a) with respect to a Contributed Property or 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 that the Carrying Value of any property shall be
adjusted from time to time in accordance with Section 5.5(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.

 

    	5

    	 

    

 

“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 and its permitted successors and assigns) as may be adopted by the General Partner, issued by the Partnership evidencing
ownership of one or more classes of Partnership Interests.

 

“Certificate
of Conversion” means the Certificate of Conversion of BMHM filed with the Secretary of State of the State of Delaware as
referenced in Section 7.2.

 

“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 7.2, as such Certificate of Limited Partnership may be amended, supplemented
or restated from time to time.

 

“Citizenship
Eligible Holder” means a Limited Partner whose nationality, citizenship or other related status the General Partner determines,
upon receipt of an Eligibility Certificate or other requested information, does not or would not create under any federal, state
or local law or regulation to which a Limited Partner is subject, a substantial risk of cancellation or forfeiture of any property,
including any governmental permit, endorsement or other authorization.

 

“Claim”
(as used in Section 7.12(g)) has the meaning given such term in Section 7.12(g).

 

“Closing
Date” means the date on which the Certificate of Conversion is filed with the Secretary of State of the State of Delaware.

 

“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.

 

“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 11.3(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 Subordinated Unit prior to its conversion into a Common Unit
pursuant to the terms hereof.

 

“Common
Unit Arrearage” means, with respect to any Common Unit, whenever issued, as to any Quarter within the Subordination Period,
the excess, if any, of (a) the Minimum Quarterly Distribution with respect to a Common Unit in respect of such Quarter over (b)
the sum of all Available Cash distributed with respect to a Common Unit in respect of such Quarter pursuant to Section 6.4(a)(i).

 

    	6

    	 

    

 

“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, (c) is
not a holder of any ownership interest in the General Partner or any of its Affiliates, (excluding (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), unless the Board of Directors determines in good
faith that such ownership interest would not be likely to have an adverse impact on the ability of such director to act in an
independent manner with respect to the matter submitted to the Conflicts Committee, and (d) is determined by the 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 Nasdaq Global Market).

 

“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 5.5(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, that may become effective only after the
Plan of Conversion is completed, between the Partnership and the General Partner transferring the Operating Companies to the Partnership
upon completion of audits of the Operating Companies, together with the additional conveyance documents and instruments contemplated
or referenced thereunder, as such may be amended, supplemented or restated from time to time.

 

“Cumulative
Common Unit Arrearage” means, with respect to any Common Unit, whenever issued, and as of the end of any Quarter, the excess,
if any, of (a) the sum of the Common Unit Arrearages with respect to an Initial Common Unit for each of the Quarters within the
Subordination Period ending on or before the last day of such Quarter over (b) the sum of any distributions theretofore made pursuant
to Section 6.4(a)(ii) and the second sentence of Section 6.5 with respect to an Initial Common Unit (including any distributions
to be made in respect of the last of such Quarters).

 

“Curative
Allocation” means any allocation of an item of income, gain, deduction, loss or credit pursuant to the provisions of Section
6.1 (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 11.1 or Section 11.2.

 

“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.

 

“Disposed
of Adjusted Property” has the meaning given such term in Section 6.1(d)(xii)(B).

 

“Economic
Risk of Loss” has the meaning set forth in Treasury Regulation Section 1.752-2(a).

 

    	7

    	 

    

 

“Eligibility
Certificate” means a certificate the General Partner may request a Limited Partner to execute as to such Limited Partner’s
(or such Limited Partner’s beneficial owners’) federal income tax status or nationality, citizenship or other related
status for the purpose of determining whether such Limited Partner is an Ineligible Holder.

 

“Estimated
Incremental Quarterly Tax Amount” has the meaning assigned to such term in Section 6.9.

 

“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,
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 11.1(a).

 

“Excess
Additional Book Basis” has the meaning given such term in the definition of “Additional Book Basis Derivative Items.”

 

“Excess
Distribution” has the meaning given such term in Section 6.1(d)(iii)(A).

 

“Excess
Distribution Unit” has the meaning given such term in Section 6.1(d)(iii)(A).

 

“Exchange
Act” means the Securities Exchange Act of 1934, as amended, supplemented or restated from time to time, and any successor
to such statute.

 

“Expansion
Capital Expenditures” means cash expenditures for Acquisitions.

 

“Final
Subordinated Units” has the meaning given such term in Section 6.1(d)(x)(A).

 

“First
Liquidation Target Amount” has the meaning given such term in Section 6.1(c)(i)(D).

 

“First
Target Distribution” means $0.14375 per Unit per Quarter, subject to adjustment in accordance with Sections 5.11, 6.6 and
6.9.

 

“Fully
Diluted Weighted Average Basis” means, when calculating the number of Outstanding Units for any period, a basis that includes
(a) the weighted average number of Outstanding Units during such period plus (b) all Partnership Interests and Derivative Partnership
Interests (i) that are convertible into or exercisable or exchangeable for Units or for which Units are issuable, in each case
that are senior to or pair passu with the Subordinated Units, (ii) whose conversion, exercise or exchange price, if any, is less
than the Current Market Price on the date of such calculation, (iii) that may be converted into or exercised or exchanged for
such Units prior to or during the Quarter immediately following the end of the period for which the calculation is being made
without the satisfaction of any contingency beyond the control of the holder other than the payment of consideration and the compliance
with administrative mechanics applicable to such conversion, exercise or exchange and (iv) that were not converted into or exercised
or exchanged for such Units during the period for which the calculation is being made; provided, however, that for purposes of
determining the number of Outstanding Units on a Fully Diluted Weighted Average Basis when calculating whether the Subordination
Period has ended or Subordinated Units are entitled to convert into Common Units pursuant to Section 5.7, such Partnership Interests
and Derivative Partnership Interests shall be deemed to have been Outstanding Units only for the four Quarters that comprise the
last four Quarters of the measurement period; provided further, that if consideration will be paid to any Limited Partner in connection
with such conversion, exercise or exchange, the number of Units to be included in such calculation shall be that number equal
to the difference between (x) the number of Units issuable upon such conversion, exercise or exchange and (y) the number of Units
that such consideration would purchase at the Current Market Price.

 

    	8

    	 

    

 

“General
Partner” means Armada Enterprises 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-transferrable non-economic management interest of the General Partner in the Partnership
(in its capacity as a general partner and 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 profits or losses or any rights to receive distributions from operations or upon the liquidation or winding-up of
the Partnership, such as Incentive Distribution Rights.

 

“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, 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. The General Partner may issue Acquisition Units to a Group in an Acquisition for determining
what Acquisition Units vests or gets cancelled after the Revaluation Event.

 

“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.

 

“IDR
Reset Common Units” has the meaning given such term in Section 5.11(a).

 

“IDR
Reset Election” has the meaning given such term in Section 5.11(a).

 

“Incentive
Distribution Right” means a Limited Partner Interest having the rights and obligations specified with respect to Incentive
Distribution Rights in this Agreement (and no other rights otherwise available to or other obligations of a holder of a Partnership
Interest).

 

    	9

    	 

    

 

“Incentive
Distributions” means any amount of cash distributed to the holders of the Incentive Distribution Rights pursuant to Sections
6.4(a)(v), (vi) and (vii) and 6.4(b)(iii), (iv) and (v).

 

“Incremental
Income Taxes” has the meaning given such term in Section 6.9.

 

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

 

“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) the General Partner or any Departing General Partner or (ii) any Affiliate of the General Partner
or any Departing General Partner, and (e) 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” means a Limited Partner who is not a Citizenship Eligible Holder or a Rate Eligible Holder.

 

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

 

“Initial
Limited Partners” means the common shareholders of BMHM (with respect to the Common Units received by pursuant to the Plan
of Conversion as delineated in Section 5.3(a)), the General Partner (with respect to its Common Units received in for its shares
of BMHM common stock in the Conversion).

 

“Initial
Unit Price” means (a) with respect to the Common Units and the Subordinated Units, the price per Unit at which the Common
Units, Acquisition Units and the Subordinated Units are initially issued by the Partnership for an Acquisition or Capital Contribution,
as determined by the General Partner which shall be based upon the fixed per Unit Minimum Quarterly Distribution being set at
$.125 per Unit per Quarter as 5% annual yield on the Initial Unit Price; accordingly the Initial Unit Price is $10.00 per Unit.

 

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

 

“Limited
Partner” means, unless the context otherwise requires, each Initial 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 11.3, 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,
Subordinated Units, Incentive Distribution Rights 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 12.1, 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.

 

“Liquidator”
means one or more Persons selected pursuant to Section 12.3 to perform the functions described in Section 12.4 as liquidating
trustee of the Partnership within the meaning of the Delaware Act.

 

    	10

    	 

    

 

“lower
tier partnership” has the meaning given such term in Section 6.1(d)(xii)(D).

 

“Merger
Agreement” has the meaning given such term in Section 14.1.

 

“Minimum
Quarterly Distribution” means $0.1250 per Unit per Quarter, subject to adjustment in accordance with Sections 5.11, 6.6
and 6.9.

 

“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 5.5(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 (other than
those items taken into account in the computation of Net Termination Gain or Net Termination Loss) for such taxable period over
the Partnership’s items of loss and deduction (other than those items taken into account in the computation of Net Termination
Gain or Net Termination Loss) for such taxable period. The items included in the calculation of Net Income shall be determined
in accordance with Section 5.5(b) and shall not include any items specially allocated under Section 6.1(d); provided, however,
that the determination of the items that have been specially allocated under Section 6.1(d) shall be made without regard to any
reversal of such items under Section 6.1(d)(xii).

 

“Net
Loss” means, for any taxable period, the excess, if any, of the Partnership’s items of loss and deduction (other than
those items taken into account in the computation of Net Termination Gain or Net Termination Loss) for such taxable period over
the Partnership’s items of income and gain (other than those items taken into account in the computation of Net Termination
Gain or Net Termination Loss) for such taxable period. The items included in the calculation of Net Loss shall be determined in
accordance with Section 5.5(b) and shall not include any items specially allocated under Section 6.1(d); provided, however, that
the determination of the items that have been specially allocated under Section 6.1(d) shall be made without regard to any reversal
of such items under Section 6.1(d)(xii).

 

“Net
Positive Adjustments” means, with respect to any Partner, the excess, if any, of the total positive adjustments over the
total negative adjustments made to the Capital Account of such Partner pursuant to Book-Up Events and Book-Down Events.

 

“Net
Termination Gain” means, for any taxable period, (a) the sum, if positive, of all items of income, gain, loss or deduction
(determined in accordance with Section 5.5(b)) that are recognized by the Partnership (i) after the Liquidation Date or (ii) upon
the sale, exchange or other disposition 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 (excluding any disposition to a member of the Partnership Group),
or (b) the excess, if any, of the aggregate amount of Unrealized Gain over the aggregate amount of Unrealized Loss deemed recognized
by the Partnership pursuant to Section 5.5(d) on the date of a Revaluation Event; provided, however, that the items included in
the determination of Net Termination Gain shall not include any items of income, gain or loss specially allocated under Section
6.1(d).

 

“Net
Termination Loss” means, for any taxable period, (a) the sum, if negative, of all items of income, gain, loss or deduction
(determined in accordance with Section 5.5(b)) that are recognized by the Partnership (i) after the Liquidation Date or (ii) upon
the sale, exchange or other disposition 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 (excluding any disposition to a member of the Partnership Group),
or (b) the excess, if any, of the aggregate amount of Unrealized Loss over the aggregate amount of Unrealized Gain deemed recognized
by the Partnership pursuant to Section 5.5(b) on the date of a Revaluation Event; provided, however, that the items included in
the determination of Net Termination Loss shall not include any items of income, gain or loss specially allocated under Section
6.1(d).

 

    	11

    	 

    

 

“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
6.2(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).

 

“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 15.1(b).

 

“Operating
Company” means a company transferred by the General Partner to the Partnership in the Contribution Agreement.

 

“Operating
Expenditures” means all Partnership Group cash expenditures (or the Partnership’s proportionate share of expenditures
in the case of Subsidiaries that are not wholly owned), including taxes, compensation of employees, officers and directors of
the General Partner, reimbursement of expenses of the General Partner and its Affiliates, cash interest expense, Maintenance Capital
Expenditures, and repayment of Working Capital Borrowings, subject to the following:

 

(a)
repayments of Working Capital Borrowings deducted from Operating Surplus pursuant to clause (b)(iii) of the definition of “Operating
Surplus” shall not constitute Operating Expenditures when actually repaid;

 

(b)
payments (including prepayments and prepayment penalties) of principal of and premium on indebtedness other than Working Capital
Borrowings shall not constitute Operating Expenditures; and

 

(c)
Operating Expenditures shall not include (i) distributions to Partners or (ii) repurchases of Partnership Interests.

 

“Operating
Surplus” means, with respect to any period ending prior to the Liquidation Date, on a cumulative basis and without duplication,

 

(a)
the sum of (i) all cash receipts of the Partnership Group (or the Partnership’s proportionate share of cash receipts in
the case of Subsidiaries that are not wholly owned) for the period beginning on the Closing Date and ending on the last day of
such period, and (ii) all cash receipts of the Partnership Group (or the Partnership’s proportionate share of cash receipts
in the case of Subsidiaries that are not wholly owned) after the end of such period but on or before the date of determination
of Operating Surplus with respect to such period resulting from Working Capital Borrowings;

 

    	12

    	 

    

 

less

 

(b)
the sum of (i) Operating Expenditures for the period beginning on the Closing Date and ending on the last day of such period,
(ii) the amount of cash reserves (or the Partnership’s proportionate share of cash reserves in the case of Subsidiaries
that are not wholly owned) established by the General Partner to provide funds for future Operating Expenditures, and (iii) all
Working Capital Borrowings not repaid within twelve months after having been incurred, or repaid within such 12-month period with
the proceeds of additional Working Capital Borrowings; provided, however, that disbursements made or cash reserves established,
increased or reduced after the end of such period but on or before the date of determination of Available Cash with respect to
such period shall be deemed to have been made, established, increased or reduced, for purposes of determining Operating Surplus,
within such period if the General Partner so determines.

 

Notwithstanding
the foregoing, “Operating Surplus” with respect to the Quarter in which the Liquidation Date occurs and any subsequent
Quarter shall equal zero.

 

“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.

 

“Option
Closing Date” means the date or dates on which any Common Units are sold by the Partnership to the IPO Underwriters upon
exercise of the Over-Allotment Option.

 

“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.

 

“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.

 

    	13

    	 

    

 

“Partners”
means the General Partner and the Limited Partners.

 

“Partnership”
means Armada Enterprises 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.

 

“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 5.6, the percentage established as a part of such issuance. The Percentage
Interest with respect to an Incentive Distribution Right and the General Partner Interest shall, in each case, at all times be
zero.

 

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

 

“Plan
of Conversion” means the plan, as approved by the BMHM board of directors and presented to its shareholders for their unanimous
consent on July 17, 2017, to convert BMHM to a Delaware limited partnership, to be known as Armada Enterprises, LP, pursuant
to §266 of the Delaware General Corporation Law and §17-217 of the Delaware Revised Uniform Limited Partnership Act,
wherein each outstanding share of BMHM common stock is converted to One (1) Common Unit and BMHM’s majority shareholder,
Armada Enterprise GP, LLC, is appointed the general partner.

 

“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, (c) when used with respect to holders of Incentive Distribution
Rights, apportioned among all holders of Incentive Distribution Rights in accordance with the relative number or percentage of
Incentive Distribution Rights held by each such holder, and (d) when used with respect to Holders who have requested to include
Registrable Securities in a Registration Statement pursuant to Section 7.12(a) or 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.

 

    	14

    	 

    

 

“Quarter”
means, unless the context requires otherwise, a fiscal quarter of the Partnership, or, with respect to the fiscal quarter of the
Partnership which includes the Closing Date, the portion of such fiscal quarter after the Closing Date.

 

“Rate
Eligible Holder” means a Limited Partner subject to United States federal income taxation on the income generated by the
Partnership. A Limited Partner that is an entity not subject to United States federal income taxation on the income generated
by the Partnership shall be deemed a Rate Eligible Holder so long as all of the entity’s beneficial owners are subject to
such taxation.

 

“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 on the books of the Transfer Agent 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 as of the Partnership’s close of business
on a particular Business Day.

 

“Redeemable
Interests” means any Partnership Interests for which a redemption notice has been given, and has not been withdrawn, pursuant
to Section 4.10.

 

“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); and (c) 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.

 

“Remaining
Net Positive Adjustments” means, as of the end of any taxable period, (a) with respect to the Unitholders holding Common
Units or Subordinated Units, the excess of (i) the Net Positive Adjustments of the Unitholders holding Common Units or Subordinated
Units as of the end of such period over (ii) the sum of those Partners’ Share of Additional Book Basis Derivative Items
for each prior taxable period and (b) with respect to the holders of Incentive Distribution Rights, the excess of (i) the Net
Positive Adjustments of the holders of Incentive Distribution Rights as of the end of such period over (ii) the sum of the Share
of Additional Book Basis Derivative Items of the holders of the Incentive Distribution Rights for each prior taxable period.

 

“Required
Allocations” means any allocation of an item of income, gain, loss or deduction pursuant to Section 6.1(d)(i), Section 6.1(d)(ii),
Section 6.1(d)(iv), Section 6.1(d)(v), Section 6.1(d)(vi), Section 6.1(d)(vii) or Section 6.1(d)(ix).

 

“Reset
MQD” has the meaning given such term in Section 5.11(e).

 

“Reset
Notice” has the meaning given such term in Section 5.11(b).

 

    	15

    	 

    

 

“Retained
Converted Subordinated Unit” has the meaning given such term in Section 5.5(c)(ii).

 

“Revaluation
Event” means an event that results in adjustment of the Carrying Value of each Partnership property pursuant to Section
5.5(d).

 

“Second
Liquidation Target Amount” has the meaning given such term in Section 6.1(c)(i)(E).

 

“Second
Target Distribution” means $0.15625 per Unit per Quarter, subject to adjustment in accordance with Section 5.11, Section
6.6 and Section 6.9.

 

“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.

 

“Share
of Additional Book Basis Derivative Items” means in connection with any allocation of Additional Book Basis Derivative Items
for any taxable period, (a) with respect to the Unitholders holding Common Units or Subordinated Units, the amount that bears
the same ratio to such Additional Book Basis Derivative Items as the Unitholders’ Remaining Net Positive Adjustments as
of the end of such taxable period bear to the Aggregate Remaining Net Positive Adjustments as of that time, and (b) with respect
to the Partners holding Incentive Distribution Rights, the amount that bears the same ratio to such Additional Book Basis Derivative
Items as the Remaining Net Positive Adjustments of the Partners holding the Incentive Distribution Rights as of the end of such
taxable period bear to the Aggregate Remaining Net Positive Adjustments as of that time.

 

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

 

“Subordinated
Unit” means a Limited Partner Interest having the rights and obligations specified with respect to Subordinated Units in
this Agreement. The term “Subordinated Unit” does not include a Common Unit. A Subordinated Unit that is convertible
into a Common Unit shall not constitute a Common Unit until such conversion occurs.

 

“Subordination
Period” means the period commencing on issuance date of a Subordinated Unit and expiring on the first to occur of the following
dates:

 

(a)
the first Business Day following the distribution of Available Cash to Partners pursuant to Section 6.3(a) in respect of any Quarter,
in respect of which (i) (A) distributions of Available Cash from Operating Surplus on each of the Outstanding Common Units, Subordinated
Units and any other Outstanding Units that are senior or equal in right of distribution to the Subordinated Units, in each case
with respect to each of the three consecutive, non-overlapping four-Quarter periods immediately preceding such date equaled or
exceeded the sum of the Minimum Quarterly Distribution on all Outstanding Common Units, Subordinated Units and any other Outstanding
Units that are senior or equal in right of distribution to the Subordinated Units, in each case in respect of such periods or
(B) the Adjusted Operating Surplus for each of the three consecutive, non-overlapping four-Quarter periods immediately preceding
such date equaled or exceeded the sum of the Minimum Quarterly Distribution on all of the Common Units, Subordinated Units and
any other Units that are senior or equal in right of distribution to the Subordinated Units, in each case that were Outstanding
during such periods on a Fully Diluted Weighted Average Basis, and (ii) there are no Cumulative Common Unit Arrearages;

 

(b)
the first Business Day following the distribution of Available Cash to Partners pursuant to Section 6.3(a) in respect of any in
respect of which (i) (A) distributions of Available Cash from Operating Surplus on each of the Outstanding Common Units, Subordinated
Units and any other Outstanding Units that are senior or equal in right of distribution to the Subordinated Units, in each case
with respect to the four-Quarter period immediately preceding such date equaled or exceeded 150% of the Minimum Quarterly Distribution
on all of the Outstanding Common Units, Subordinated Units and any other Outstanding Units that are senior or equal in right of
distribution to the Subordinated Units, in each case in respect of such period, and (B) the Adjusted Operating Surplus for the
four-Quarter period immediately preceding such date equaled or exceeded 150% of the sum of the Minimum Quarterly Distribution
on all of the Common Units, Subordinated Units and any other Units that are senior or equal in right of distribution to the Subordinated
Units, in each case that were Outstanding during such period on a Fully Diluted Weighted Average Basis, plus the corresponding
Incentive Distributions and (ii) there are no Cumulative Common Unit Arrearages; and

 

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(c)
the date on which the General Partner is removed in a manner described in Section 11.4.

 

“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 partnership interests of such
partnership (considering all of the partnership interests of the partnership as a single class) 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.

 

“Surviving
Business Entity” has the meaning given such term in Section 14.2(b).

 

“Target
Distributions” means, collectively, the First Target Distribution, Second Target Distribution and Third Target Distribution.

 

“Third
Target Distribution” means $0.1875 per Unit per Quarter, subject to adjustment in accordance with Sections 5.11, 6.6 and
6.9.

 

“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 for trading is open for the transaction of business or, if such Partnership Interests are not listed
or admitted for 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 7.1(b).

 

“Transfer”
has the meaning given such term in Section 4.4(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 (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.

 

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“Unit”
means a Partnership Interest that is designated by the General Partner as a “Unit” and shall include Common Units
and Subordinated Units but shall not include the (i) General Partner Interest or (ii) Incentive Distribution Rights.

 

“Unit
Majority” means (i) during the Subordination Period, at least a majority of the Outstanding Common Units (excluding Common
Units owned by the General Partner and its Affiliates), voting as a class, and at least a majority of the Outstanding Subordinated
Units, voting as a class, and (ii) after the end of the Subordination Period, at least a majority of the Outstanding Common Units.

 

“Unitholders”
means the Record Holders of Units.

 

“Unpaid
MQD” has the meaning given such term in Section 6.1(c)(i)(B).

 

“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 5.5(d)) over (b) the Carrying Value of such
property as of such date (prior to any adjustment to be made pursuant to Section 5.5(d) as of such date).

 

“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 5.5(d) as of such
date) over (b) the fair market value of such property as of such date (as determined under Section 5.5(d)).

 

“Unrecovered
Initial Unit Price” means at any time, with respect to a Unit, the Initial Unit Price less the sum of all distributions
constituting Capital Surplus theretofore made in respect of an Initial Common Unit and any distributions of cash (or the Net Agreed
Value of any distributions in kind) in connection with the dissolution and liquidation of the Partnership theretofore made in
respect of an Initial Common Unit, adjusted as the General Partner determines to be appropriate to give effect to any distribution,
subdivision or combination of such Units.

 

“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 a General Partner or any Departing General Partner or any Affiliate of 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 11.1(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 12 months from the date of such borrowings
other than from additional Working Capital Borrowings.

 

Section
1.2 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 and 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.

 

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ARTICLE
II ORGANIZATION

 

Section
2.1 Formation. BMHM was formed on March 6, 2014 under the laws of the state of Delaware. Upon the terms and subject to the conditions
of this Plan of Conversion and in accordance with the Delaware General Corporations Law (“DGCL”) and the Delaware
Act, the Corporation will be converted to a Delaware limited partnership, to be named Armada Enterprises LP” pursuant to
and in accordance with Section 266 of the DGCL and Section 17-217 of the Delaware Act. The General Partner shall be admitted as
the general partner of the Limited Partnership. 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.

 

Section
2.2 Name. The name of the Partnership shall be “Armada Enterprises 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,” the letters “LP,” “L.P.” or “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 following
such change.

 

Section
2.3 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 16192 Coastal Highway, Lewes, Delaware 19904,
and the registered agent for service of process on the Partnership in the State of Delaware at such registered office shall be
Harvard Business Services, Inc. The principal office of the Partnership shall be located at 40 Wall Street, 28th
Floor, New York, NY 10005, or such other place as the General Partner may from time to time designate by notice to the Limited
Partners of such change in the next regular communication to the Limited Partners following such change. 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 40 Wall Street, 28th Floor, New York, NY 10005, or such
other place as the General Partner may from time to time designate by notice to the Limited Partners of such change in the next
regular communication to the Limited Partners following such change.

 

Section
2.4 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 to the foregoing; 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 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.

 

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Section
2.5 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 2.4 and for the protection
and benefit of the Partnership.

 

Section
2.6 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 in existence 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
2.7 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 (or a Subsidiary) 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 of its Affiliates 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 of its Affiliates 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
3.1 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
3.2 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, 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.

 

Section
3.3 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, to obtain:

 

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(i)
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 and 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 3.3(a)(i) if posted on or accessible through the Partnership’s or the
Commission’s website); and

 

(ii)
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 3.3 (a) replace
in their entirety any rights to information provided for in Section 17-305(a) of the Delaware Act and each of the Partners and
each other Person or Group who acquires an interest in the Partnership hereby agrees to the fullest extent permitted by law that
they do not have any rights as Partners or interest holders to receive any information either pursuant to Sections 17-305(a) of
the Delaware Act or otherwise except for the information identified in Section 3.3(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 the Partnership Group is required by law or regulation, 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 3.3).

 

(d)
Notwithstanding any other provision of this Agreement or Section 17-305 of the Delaware Act, each of the Record Holders, 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.

 

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ARTICLE
IV CERTIFICATES; RECORD HOLDERS; TRANSFER OF PARTNERSHIP INTERESTS; REDEMPTION OF PARTNERSHIP INTERESTS

 

Section
4.1 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 or Derivative Partnership Interests, Partnership
Interests and Derivative Partnership Interests shall not be evidenced by physical certificates. Certificates, if any, shall be
executed on behalf of the Partnership by the Managing General Partner, Chief Executive Officer, President, Chief Financial Officer
or any 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 4.8(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 or Derivative Partnership Interests, no Certificate for such class of Partnership Interests or Derivative
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 or Derivative Partnership Interetsts
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 or Derivative Partnership Interests, as the case may be, have been duly registered in accordance
with the directions of the Partnership. Subject to the requirements of Section 6.7(b) and Section 6.7(c), if Common Units are
evidenced by Certificates, on or after the date on which Subordinated Units are converted into Common Units pursuant to the terms
of Section 5.7, the Record Holders of such Subordinated Units (a) if the Subordinated Units are evidenced by Certificates, may
exchange such Certificates for Certificates evidencing the Common Units into which such Record Holder’s Subordinated Units
converted, or (b) if the Subordinated Units are not evidenced by Certificates, shall be issued Certificates evidencing the Common
Units into which such Record Holders’ Subordinated Units converted. With respect to any Partnership Interests or Derivative
Partnership Interests that are represented by physical certificates, the General Partner may determine that such Partnership Interests
or Derivative Partnership Interests, as the case may be, 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.

 

Section
4.2 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 or Derivative 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 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, the 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 4.2, 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.

 

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Section
4.3 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, 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, such representative Person shall be the Limited Partner with respect to such Partnership Interest upon becoming
the Record Holder in accordance with Section 10.1(b) and have the rights and obligations of a Partner hereunder as, and to the
extent provided herein, including Section 10.1(c).

 

Section
4.4 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
4.5 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 4.5, 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 4.5(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 proper transfer instructions from the Record Holder of uncertificated Partnership Interests,
such transfer shall be recorded in the Partnership Register.

 

(d)
Except as provided in Section 4.9, 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, or 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) shall be deemed to represent that
the transferee has the capacity, power and authority to enter into this Agreement, (iv) shall be deemed to make the consents,
acknowledgements and waivers contained in this Agreement, all with or without execution of this Agreement by such Person and (v)
shall be deemed to certify that the transferee is not an Ineligible Holder. 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 4.5, (ii) Section 4.3, (iii) Section 4.8, (iv) Section 4.9, (v) 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, (vi) any contractual provisions binding on any Limited Partner and (vii) provisions of applicable
law including the Securities Act, Limited Partner Interests shall be freely transferable.

 

(f)
The General Partner and its Affiliates shall have the right at any time to transfer their Subordinated Units and Common Units
(whether issued upon conversion of the Subordinated Units or otherwise) to one or more Persons.

 

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

 

(a)
Subject to Section 4.6(c) below, prior to December 31, 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 majority of the Outstanding Common Units (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.

 

(b)
Subject to Section 4.6(c) below, on or after December 31, 2026, 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, and (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). In the case of a transfer pursuant to and in compliance with
this Section 4.6, the transferee or successor (as the case may be) shall, subject to compliance with the terms of Section 10.2,
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.

 

    	24

    	 

    

 

Section
4.7 Transfer of Incentive Distribution Rights. The General Partner or any other holder of Incentive Distribution Rights may transfer
any or all of its Incentive Distribution Rights without the approval of any Limited Partner or any other Person.

 

Section
4.8 Restrictions on Transfers.

 

(a)
Except as provided in Section 4.8(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) 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)
The transfer of an IDR Reset Common Unit that was issued in connection with an IDR Reset Election pursuant to Section 5.11 shall
be subject to the restrictions imposed by Section 6.8(b) and 6.8(c).

 

(d)
The transfer of a Subordinated Unit or a Common Unit resulting from the conversion of a Subordinated Unit shall be subject to
the restrictions imposed by Section 6.7(b) and Section 6.7(c).

 

(e)
Except for Section 4.9, 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 LANDMARK INFRASTRUCTURE 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 LANDMARK INFRASTRUCTURE PARTNERS
LP UNDER THE LAWS OF THE STATE OF DELAWARE, OR (C) CAUSE LANDMARK INFRASTRUCTURE 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 LANDMARK INFRASTRUCTURE 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 AVOID A SIGNIFICANT RISK OF LANDMARK INFRASTRUCTURE
PARTNERS LP BECOMING TAXABLE AS A CORPORATION OR OTHERWISE BECOMING TAXABLE AS AN ENTITY FOR FEDERAL INCOME TAX PURPOSES. 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
4.9 Eligibility Certificates; Ineligible Holders.

 

(a)
The General Partner may upon demand or on a regular basis require Limited Partners, and transferees of Limited Partner Interests
in connection with a transfer, to execute an Eligibility Certificate or provide other information as is necessary for the General
Partner to determine if any such Limited Partners or transferees are Ineligible Holders.

 

(b)
If any Limited Partner or any transferee of Limited Partner Interests (or their respective beneficial owners) fails to furnish
to the General Partner within 30 days of its request an Eligibility Certificate and other information related thereto, or if upon
receipt of such Eligibility Certificate or other requested information the General Partner determines that a Limited Partner or
a transferee of a Limited Partner is an Ineligible Holder, the Limited Partner Interests owned by such Limited Partner shall be
subject to redemption in accordance with the provisions of Section 4.10 or the General Partner may refuse to effect the transfer
of the Limited Partner Interests to such transferee. In addition, the General Partner shall be substituted for any Limited Partner
that is an Ineligible Holder as the Limited Partner in respect of the Ineligible Holder’s Limited Partner Interests.

 

(c)
The General Partner shall, in exercising voting rights in respect of Limited Partner Interests held by it on behalf of Ineligible
Holders, distribute the votes 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 cast, either for, against or abstaining as
to the matter.

 

(d)
Upon dissolution of the Partnership, an Ineligible Holder shall have no right to receive a distribution in kind pursuant to Section
12.4 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 Interest (representing the right to
receive its share of such distribution in kind).

 

(e)
At any time after an Ineligible Holder can and does certify that it no longer is an Ineligible Holder, it may, upon application
to the General Partner, request that with respect to any Limited Partner Interests of such Ineligible Holder not redeemed pursuant
to Section 4.10, such Ineligible Holder upon approval of the General Partner, shall no longer constitute an Ineligible Holder
and the General Partner shall cease to be deemed to be the Limited Partner in respect of such Limited Partner Interests.

 

(f)
If at any time a transferee of a Partnership Interest fails to furnish an Eligibility Certificate or any other information requested
by the General Partner pursuant to Section 4.9 within 30 days of such request, or if upon receipt of such Eligibility Certificate
or other information the General Partner determines, with the advice of counsel, that such transferee is an Ineligible Holder,
the Partnership may, unless the transferee establishes to the satisfaction of the General Partner that such transferee is not
an Ineligible Holder, prohibit and void the transfer, including by placing a stop order with the Transfer Agent.

 

    	26

    	 

    

 

Section
4.10 Redemption of Partnership Interests of Ineligible Holders.

 

(a)
If at any time a Limited Partner fails to furnish an Eligibility Certificate or any other information requested within the period
of time specified in Section 4.9, or if upon receipt of such Eligibility Certificate or other information the General Partner
determines, with the advice of counsel, that a Limited Partner is an Ineligible Holder, the Partnership may, unless the Limited
Partner establishes to the satisfaction of the General Partner that such Limited Partner is not an Ineligible Holder or has transferred
his Limited Partner Interests to a Person who is not an Ineligible Holder and who furnishes an Eligibility Certificate to the
General Partner prior to the date fixed for redemption as provided below, redeem the Limited Partner Interest of such Limited
Partner as follows:

 

(i)
The General Partner shall, not later than the 30 day before the date fixed for redemption, give notice of redemption to the Limited
Partner, at such Limited Partner’s last address designated in the Partnership Register or on the records of the Transfer
Agent, by registered or certified mail, postage prepaid. The notice shall be deemed to have been given when so mailed. The notice
shall specify the Redeemable Interests, the date fixed for redemption, the place of payment, that payment of the redemption price
will be made upon redemption of the Redeemable Interests (or, if later in the case of Redeemable Interests evidenced by Certificates,
upon surrender of the Certificate evidencing the Redeemable Interests) and that on and after the date fixed for redemption no
further allocations or distributions to which such Limited Partner would otherwise be entitled in respect of the Redeemable Interests
will accrue or be made.

 

(ii)
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.

 

(iii)
The Limited Partner or such Limited Partner’s duly authorized representative shall be entitled to receive the payment for
the Redeemable Interests at the place of payment specified in the notice of redemption on the redemption date (or, if later in
the case of Redeemable Interests evidenced by Certificates, upon surrender by or on behalf of the Limited Partner or transferee
at the place specified in the notice of redemption, of the Certificate evidencing the Redeemable Interests, duly endorsed in blank
or accompanied by an assignment duly executed in blank).

 

(iv)
After the redemption date, Redeemable Interests shall no longer constitute issued and Outstanding Limited Partner Interests.

 

(b)
The provisions of this Section 4.10 shall also be applicable to Limited Partner Interests held by a Limited Partner as nominee,
agent or representative of a Person determined to be an Ineligible Holder.

 

(c)
Nothing in this Section 4.10 shall prevent the recipient of a notice of redemption from transferring his Limited Partner Interest
before the redemption date if such transfer is otherwise permitted under this Agreement and the transferor provides notice of
such transfer to the General Partner. Upon receipt of notice of such a transfer, the General Partner shall withdraw the notice
of redemption, provided the transferee of such Limited Partner Interest certifies to the satisfaction of the General Partner that
such transferee is not an Ineligible Holder. If the transferee fails to make such certification within 30 days after the request
and, in any event, before the redemption date, such redemption shall be effected from the transferee on the original redemption
date.

 

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ARTICLE
V CAPITAL CONTRIBUTIONS AND ISSUANCE OF PARTNERSHIP INTERESTS

 

Section
5.1 Organizational Contributions. In connection with the Plan of Conversion pursuant to which BMHM shall convert to the Partnership
under the Delaware Act, the common shareholders BMHM shall receive One (1) Common Unit for each BMHM common share comprising the
Initial Limited Partner Interest. The Initial Limited Partners shall be deemed to have contributed the assets of BMHM, if any,
to the Partnership, as a Capital Contribution for purposes of determining their capital account.

 

Section
5.2 Issuance to the General Partner.

 

(a)
In the event the Contribution Agreement becomes effective and the Operating Companies are successfully audited, the Partnership
shall issue the Incentive Distribution Rights to the General Partner and 210,000,000 Units (42,000,000 Common Units, 168,000,000
Subordinated Units) to the members of the Operating Entities, who may be defined as affiliates of the General Partner pursuant
to applicable securities laws, allocated among them as set forth in the Contribution Agreement.

 

(b)
For each additional issuance of Units from the Partnership, the Partnership shall issue to the General Partner, Subordinated Units
equal to One Percent (1%) of the newly issued Units. These Subordinated LP Units issued to the General Partner shall be according
to the Subordination Period.

 

(c)
As an incentive to the General Partner to maximize profits for the Partnership, the General Partner shall share in the Partnership’s
profits to a larger extent than determined by its Subordinated Units and contributions for which it receives the Incentive Distributions
Rights and its affiliates received Initial Limited Partner Interests (“Carried Interest” or “Incentive Equity
Rights”), which shall be allocated as 20% of the Partnership’s profits, which may be paid in cash or Common
LP Units, at the General Partner’s discretion, provided however that such Common LP Units may be issued as Acquisition
Units whose distributions are “unvested” until certain performance milestones are achieved by the Partnership, which
shall be stipulated in the definitive documentation when such LP Units are issued.

 

Section
5.3 Issuance to the Limited Partners.

 

(a)
The BMHM common shareholders shall receive One (1) Common LP Unit for each share of BMHM common stock, which shall comprise the
Initial Limited Partner Interest.

 

(d)
No Limited Partner Interests will be issued or issuable as of or at the Closing Date other than the Common Units issued to the
Initial Limited Partner pursuant to subparagraphs of this Section 5.3.

 

(e)
No Limited Partner will be required to make any additional Capital Contribution to the Partnership pursuant to this Agreement
except for the Initial Limited Partner.

 

Section
5.4 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.

 

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Section
5.5 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 initial Capital Account balance attributable to the Units, if and when issued to the General Partner and other owners of the
Operating Companies shall equal the respective Net Agreed Value of the Capital Contributions specified in the Contribution Agreement,
which shall be deemed to equal the product of the number of Units issued and the Initial Unit Price for each such Unit (and the
initial Capital Account balance attributable to each such Subordinated Unit shall equal its Initial Unit Price). The initial Capital
Account balance attributable to the Common Units issued to the Initial Limited Partner shall be deemed to equal the product of
the Common Units and the Initial Unit Price for each such Common Unit. The initial Capital Account balance attributable to the
Common Units issued to the IPO Underwriters pursuant to Section 5.3(d) shall equal the product of the number of Common Units so
issued to the IPO Underwriters and the Initial Unit Price for each Common Unit (and the initial Capital Account balance attributable
to each such Common Unit shall equal its Initial Unit Price). The initial Capital Account attributable to the General Partner
Interest and the Incentive Distribution Rights shall be zero. Thereafter, 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 5.5(b) and allocated with respect to such Partnership Interest pursuant to Section 6.1, and decreased by (x) the
amount of cash or Net Agreed Value of all actual and deemed distributions of cash or property made to the Partner with respect
to such Partnership Interest and (y) all items of Partnership deduction and loss computed in accordance with Section 5.5(b) and
allocated with respect to such Partnership Interest pursuant to Section 6.1.

 

(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:

 

(i)
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 6.1.

 

(ii)
Except as otherwise provided in Treasury Regulation Section 1.704-1(b)(2)(iv)(m), the computation of all items of income, gain,
loss and deduction shall be made 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 Regulations 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.

 

(iii)
In the event the Carrying Value of Partnership property is adjusted pursuant to Section 5.5(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.

 

(iv)
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.

 

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(v)
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 5.5(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 5.5(b).

 

(vi)
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 5.5(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.

 

(vii)
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) Except as otherwise provided in this Section 5.5(c), 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.

 

(ii)
Subject to Section 6.7(b), immediately prior to the transfer of a Subordinated Unit or of a Subordinated Unit that has converted
into a Common Unit pursuant to Section 5.7 by a holder thereof (other than a transfer to an Affiliate unless the General Partner
elects to have this subparagraph 5.5(c)(ii) apply), the Capital Account maintained for such Person with respect to its Subordinated
Units or converted Subordinated Units will (A) first, be allocated to the Subordinated Units or converted Subordinated Units to
be transferred in an amount equal to the product of (x) the number of such Subordinated Units or converted Subordinated 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 converted Subordinated Units (“Retained
Converted Subordinated Units”) or Subordinated Units. Following any such allocation, the transferor’s Capital Account,
if any, maintained with respect to the retained Subordinated Units or Retained Converted Subordinated 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 Subordinated Units or converted Subordinated Units will have a balance equal to the amount allocated
under clause (A) hereinabove.

 

(iii)
Subject to Section 6.8(b), immediately prior to the transfer of an IDR Reset Common Unit by a holder thereof (other than a transfer
to an Affiliate unless the General Partner elects to have this subparagraph 5.5(c)(iii) apply), the Capital Account maintained
for such Person with respect to its IDR Reset Common Units will (A) first, be allocated to the IDR Reset Common Units to be transferred
in an amount equal to the product of (x) the number of such IDR Reset Common 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 IDR Reset Common Units. Following any such allocation, the transferor’s Capital Account,
if any, maintained with respect to the retained IDR Reset Common 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 IDR Reset
Common Units will have a balance equal to the amount allocated under clause (A) above.

 

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(d)
(i) In accordance with Treasury Regulation Section 1.704-1(b)(2)(iv)(f), on an issuance of additional Partnership Interests for
cash or Contributed Property, the issuance of Partnership Interests as consideration for the provision of services, the issuance
of a Noncompensatory Option, the issuance of IDR Reset Common Units pursuant to Section 5.11, or the conversion of the General
Partner’s Combined Interest to Common Units pursuant to Section 11.3(b), the Capital Account of each Partner and 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 6.1(c) and Section 6.1(d) 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; 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 5.5(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.

 

(ii)
In accordance with Treasury Regulation Section 1.704- 1(b)(2)(iv)(f), immediately prior to any actual or deemed 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 immediately prior to such distribution for an amount equal to its fair market value, and had been allocated
among the Partners, at such time, pursuant to Section 6.1(c) and Section 6.1(d) 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 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 an actual distribution that is not made pursuant to Section 12.4
or in the case of a deemed distribution, be determined in the same manner as that provided in Section 5.5(d)(i) or (B) in the
case of a liquidating distribution pursuant to Section 12.4, be determined by the Liquidator using such method of valuation as
it may adopt.

 

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Section
5.6 Issuances of Additional 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 5.6(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 or junior to, or pari passu with, 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 the
holder 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 5.6, (ii) the conversion of the Combined
Interest into Units pursuant to the terms of this Agreement, (iii) the issuance of Common Units pursuant to Section 5.11, (iv)
reflecting admission of such additional Limited Partners in the Partnership Register as the Record Holders of such Limited Partner
Interests and (v) 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 or in connection with the conversion of the Combined Interest into
Units 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.

 

Section
5.7 Conversion of Subordinated Units.

 

(a)
Subordinated Units shall convert into Common Units on a one-for-one basis on the expiration of their respective Subordination
Period.

 

(b)
A Subordinated Unit that has converted into a Common Unit shall be subject to the provisions of Section 6.7.

 

Section
5.8 Limited Preemptive Right. 

 

Except
as provided in this Section 5.8 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. Other than with respect to the issuance of Partnership Interests in connection with the
Initial Public Offering, 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.

 

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Section
5.9 Splits and Combinations.

 

(a)
Subject to Section 5.9(e), Section 6.6 and Section 6.9 (dealing with adjustments of distribution levels), 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 (including any Common Unit Arrearage or Cumulative Common Unit Arrearage)
or stated as a number of Units (including the number of Subordinated Units that may convert prior to the end of the Subordination
Period) 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 5.6(d)
and this Section 5.9(e), each fractional Unit shall be rounded to the nearest whole Unit (with fractional Units equal to or greater
than a 0.5 Unit being rounded to the next higher Unit).

 

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, 17-607 or 17-804 of the Delaware Act.

 

    	33

    	 

    

 

Section
5.11 Issuance of Common Units in Connection with Reset of Incentive Distribution Rights.

 

(a)
Subject to the provisions of this Section 5.11, the holder of the Incentive Distribution Rights (or, if there is more than one
holder of the Incentive Distribution Rights, the holders of a majority in interest of the Incentive Distribution Rights) shall
have the right, at any time when there are no Subordinated Units Outstanding and the Partnership has made a distribution pursuant
to Section 6.4(b)(v) for each of the four most recently completed Quarters and the amount of each such distribution did not exceed
Adjusted Operating Surplus for such Quarter, to make an election (the “IDR Reset Election”) to cause the Minimum Quarterly
Distribution and the Target Distributions to be reset in accordance with the provisions of Section 5.11(e) and, in connection
therewith, the holder or holders of the Incentive Distribution Rights will become entitled to receive their respective proportionate
share of a number of Common Units (the “IDR Reset Common Units”) derived by dividing (i) the average amount of the
aggregate incentive distributions made to the holders of the Incentive Distribution Rights for the two full Quarters immediately
preceding the giving of the Reset Notice in respect of the Incentive Distribution Rights by (ii) the average of the cash distributions
made by the Partnership in respect of each Common Unit for the two full Quarters immediately preceding the giving of the Reset
Notice (the number of Common Units determined by such quotient is referred to herein as the “Aggregate Quantity of IDR Reset
Common Units”). If at the time of any IDR Reset Election the General Partner and its Affiliates are not the holders of a
majority in interest of the Incentive Distribution Rights, then the IDR Reset Election shall be subject to the prior written concurrence
of the General Partner that the conditions described in the immediately preceding sentence have been satisfied. The making of
the IDR Reset Election in the manner specified in this Section 5.11 shall cause the Minimum Quarterly Distribution and the Target
Distributions to be reset in accordance with the provisions of Section 5.11(e) and, in connection therewith, the holder or holders
of the Incentive Distribution Rights will become entitled to receive IDR Reset Common Units on the basis specified above, without
any further approval required by the General Partner or the Unitholders other than as set forth in this Section 5.11(a), at the
time specified in Section 5.11(c) unless the IDR Reset Election is rescinded pursuant to Section 5.11(d).

 

(b)
To exercise the right specified in Section 5.11(a), the holder of the Incentive Distribution Rights (or, if there is more than
one holder of the Incentive Distribution Rights, the holders of a majority in interest of the Incentive Distribution Rights) shall
deliver a written notice (the “Reset Notice”) to the Partnership. Within 10 Business Days after the receipt by the
Partnership of such Reset Notice, the Partnership shall deliver a written notice to the holder or holders of the Incentive Distribution
Rights of the Partnership’s determination of the Aggregate Quantity of IDR Reset Common Units that each holder of Incentive
Distribution Rights will be entitled to receive.

 

(c)
The holder or holders of the Incentive Distribution Rights will be entitled to receive the Aggregate Quantity of IDR Reset Common
Units on the fifteenth Business Day after receipt by the Partnership of the Reset Notice; provided, however, that the issuance
of IDR Reset Common Units to the holder or holders of the Incentive Distribution Rights shall not occur prior to the approval
of the listing or admission for trading of such IDR Reset Common Units by the principal National Securities Exchange upon which
the Common Units are then listed or admitted for trading if any such approval is required pursuant to the rules and regulations
of such National Securities Exchange.

 

(d)
If the principal National Securities Exchange upon which the Common Units are then traded has not approved the listing or admission
for trading of the IDR Reset Common Units to be issued pursuant to this Section 5.11 on or before the 30th calendar
day following the Partnership’s receipt of the Reset Notice and such approval is required by the rules and regulations of
such National Securities Exchange, then the holder of the Incentive Distribution Rights (or, if there is more than one holder
of the Incentive Distribution Rights, the holders of a majority in interest of the Incentive Distribution Rights) shall have the
right to either rescind the IDR Reset Election or elect to receive other Partnership Interests having such terms as the General
Partner may approve, with the approval of the Conflicts Committee, that will provide (i) the same economic value, in the aggregate,
as the Aggregate Quantity of IDR Reset Common Units would have had at the time of the Partnership’s receipt of the Reset
Notice, as determined by the General Partner, and (ii) for the subsequent conversion of such Partnership Interests into Common
Units within not more than 12 months following the Partnership’s receipt of the Reset Notice upon the satisfaction of one
or more conditions that are reasonably acceptable to the holder of the Incentive Distribution Rights (or, if there is more than
one holder of the Incentive Distribution Rights, the holders of a majority in interest of the Incentive Distribution Rights).

 

(e)
The Minimum Quarterly Distribution and the Target Distributions shall be adjusted at the time of the issuance of IDR Reset Common
Units or other Partnership Interests pursuant to this Section 5.11 such that (i) the Minimum Quarterly Distribution shall be reset
to equal the average cash distribution amount per Common Unit for the two Quarters immediately prior to the Partnership’s
receipt of the Reset Notice (the “Reset MQD”), (ii) the First Target Distribution shall be reset to equal 115% of
the Reset MQD, (iii) the Second Target Distribution shall be reset to equal 125% of the Reset MQD and (iv) the Third Target Distribution
shall be reset to equal 150% of the Reset MQD.

 

    	34

    	 

    

 

(f)
Upon the issuance of IDR Reset Common Units pursuant to Section 5.11(a), the Capital Account maintained with respect to the Incentive
Distribution Rights will (i) first, be allocated to IDR Reset Common Units in an amount equal to the product of (A) the Aggregate
Quantity of IDR Reset Common Units and (B) the Per Unit Capital Amount for an Initial Common Unit, and (ii) second, as to any
remaining balance in such Capital Account, be retained by the holder of the Incentive Distribution Rights. If there is not sufficient
capital associated with the Incentive Distribution Rights to allocate the full Per Unit Capital Amount for an Initial Common Unit
to the IDR Reset Common Units in accordance with clause (i) of this Section 5.11(f), the IDR Reset Common Units shall be subject
to Sections 6.1(d)(x)(B) and (C).

 

ARTICLE
VI ALLOCATIONS AND DISTRIBUTIONS

 

Section
6.1 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 5.5(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 6.1(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 Unitholders to which Net Loss has been allocated pursuant to the proviso provision of Section 6.1 (b), in proportion
to the allocations of Net Loss pursuant to the proviso provision of Section 6.1(b), until the aggregate amount of Net Income allocated
pursuant to this Section 6.1(a)(i) for the current and all previous taxable periods is equal to the aggregate amount of Net Loss
allocated pursuant to the proviso provision of Section 6.1(b) for all previous taxable periods; and

 

(ii)
Thereafter, to the Unitholders, Pro Rata.

 

(b)
Net Loss. After giving effect to the special allocations set forth in Section 6.1(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
to the Unitholders, Pro Rata; provided, however, that Net Losses shall not be allocated pursuant to this Section 6.1(b) 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 such Net Loss shall instead
be allocated to the Unitholders with positive Adjusted Capital Account balances in proportion to such positive balances.

 

(c)
Net Termination Gains and Losses. After giving effect to the special allocations set forth in Section 6.1(d), Net Termination
Gain or Net Termination Loss (including a Pro Rata part of each item of income, gain, loss and deduction taken into account in
computing Net Termination Gain or Net Termination Loss) for such taxable period shall be allocated in the manner set forth in
this Section 6.1(c). All allocations under this Section 6.1(c) shall be made after Capital Account balances have been adjusted
by all other allocations provided under this Section 6.1 and after all distributions of Available Cash provided under Section
6.4 and Section 6.5 have been made; provided, however, that solely for purposes of this Section 6.1(c), Capital Accounts shall
not be adjusted for distributions made pursuant to Section 12.4.

 

(i)
Except as provided in Section 6.1(c)(iv) and subject to the provisions set forth in the last sentence of this Section 6.1(c)(i),
Net Termination Gain (including a pro rata part of each item of income, gain, loss, and deduction taken into account in computing
Net Termination Gain) shall be allocated in the following order and priority:

 

(A)
First, to each Unitholder having a deficit balance in its Adjusted Capital Account, in the proportion that such deficit balance
bears to the total deficit balances in the Adjusted Capital Accounts of all Unitholders, until each such Unitholder has been allocated
Net Termination Gain equal to any such deficit balance in its Adjusted Capital Account;

 

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(B)
Second, to all Unitholders holding Common Units (excluding Unitholders holding Unvested Acquisition Units), Pro Rata, until the
Capital Account in respect of each Common Unit then Outstanding is equal to the sum of (1) its Unrecovered Initial Unit Price,
(2) the Minimum Quarterly Distribution for the Quarter during which the Liquidation Date occurs, reduced by any distribution pursuant
to Section 6.4(a)(i) or Section 6.4(b)(i) with respect to such Common Unit for such Quarter (the amount determined pursuant to
this clause (2) is hereinafter referred to as the “Unpaid MQD”) and (3) any then existing Cumulative Common Unit Arrearage;

 

(C)
Third, if such Net Termination Gain is recognized (or is deemed to be recognized) prior to the conversion of the last Outstanding
Subordinated Unit into a Common Unit, to all Unitholders holding Subordinated Units, Pro Rata, until the Capital Account in respect
of each Subordinated Unit then Outstanding equals the sum of (1) its Unrecovered Initial Unit Price, determined for the taxable
period (or portion thereof) to which this allocation of gain relates, and (2) the Minimum Quarterly Distribution for the Quarter
during which the Liquidation Date occurs, reduced by any distribution pursuant to Section 6.4(a)(iii) with respect to such Subordinated
Unit for such Quarter;

 

(D)
Fourth, to all Unitholders (excluding Unitholders holding Unvested Acquisition Units), Pro Rata, until the Capital Account in
respect of each Common Unit then Outstanding is equal to the sum of (1) its Unrecovered Initial Unit Price, (2) the Unpaid MQD,
(3) any then existing Cumulative Common Unit Arrearage, and (4) the excess of (aa) the First Target Distribution less the Minimum
Quarterly Distribution for each Quarter after the Closing Date or the date of the most recent IDR Reset Election, if any, over
(bb) the cumulative per Unit amount of any distributions of Available Cash that is deemed to be Operating Surplus made pursuant
to Section 6.4(a)(iv) and Section 6.4(b)(ii) for such period (the sum of subclauses (1), (2), (3) and (4) is hereinafter referred
to as the “First Liquidation Target Amount”);

 

(E)
Fifth, 15% to the holders of the Incentive Distribution Rights, Pro Rata, and 85% to all Unitholders (excluding Unitholders holding
Unvested Acquisition Units), Pro Rata, until the Capital Account in respect of each Common Unit then Outstanding is equal to the
sum of (1) the First Liquidation Target Amount, and (2) the excess of (aa) the Second Target Distribution less the First Target
Distribution for each Quarter after the Closing Date or the date of the most recent IDR Reset Election, if any, over (bb) the
cumulative per Unit amount of any distributions of Available Cash that is deemed to be Operating Surplus made pursuant to Section
6.4(a)(v) and Section 6.4(b)(iii) for such period (the sum of subclauses (1) and (2) is hereinafter referred to as the “Second
Liquidation Target Amount”);

 

(F)
Sixth, 25% to the holders of the Incentive Distribution Rights, Pro Rata, and 75% to all Unitholders (excluding Unitholders holding
Unvested Acquisition Units), Pro Rata, until the Capital Account in respect of each Common Unit then Outstanding is equal to the
sum of (1) the Second Liquidation Target Amount, and (2) the excess of (aa) the Third Target Distribution less the Second Target
Distribution for each Quarter after the Closing Date or the date of the most recent IDR Reset Election, if any, over (bb) the
cumulative per Unit amount of any distributions of Available Cash that is deemed to be Operating Surplus made pursuant to Section
6.4(a)(vi) and Section 6.4(b)(iv) for such period; and

 

(G)
Finally, 50% to the holders of the Incentive Distribution Rights, Pro Rata, and 50% to all Unitholders (excluding Unitholders
holding Unvested Acquisition Units), Pro Rata. Notwithstanding the foregoing provisions in this Section 6.1(c)(i), the General
Partner may adjust the amount of any Net Termination Gain arising in connection with a Revaluation Event that is allocated to
the holders of Incentive Distribution Rights in a manner that will result (i) in the Capital Account for each Common Unit that
is Outstanding prior to such Revaluation Event being equal to the Event Issue Value and (ii) to the greatest extent possible,
the Capital Account with respect to the Incentive Distribution Rights that are Outstanding prior to such Revaluation Event being
equal to the amount of Net Termination Gain that would be allocated to the holders of the Incentive Distribution Rights pursuant
to this Section 6.1(c)(i) if the Capital Accounts with respect to all Partnership Interests that were Outstanding immediately
prior to such Revaluation Event and the Carrying Value of each Partnership property were equal to zero.

 

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(ii)
Except as otherwise provided by Section 6.1(c)(iii) or Section 6.1(c)(iv), Net Termination Loss shall be allocated:

 

(A)
First, if Subordinated Units remain Outstanding, to all Unitholders holding Subordinated Units, Pro Rata, until the Adjusted Capital
Account in respect of each Subordinated Unit then Outstanding has been reduced to zero;

 

(B)
The balance, if any, to all Unitholders holding Common Units (excluding Unitholders holding Unvested Acquisition Units), Pro Rata.

 

(iii)
Net Termination Loss deemed recognized pursuant to clause (b) of the definition of Net Termination Loss as a result of a Revaluation
Event prior to the conversion of the last Outstanding Subordinated Unit and prior to the Liquidation Date shall be allocated:

 

(A)
First, to the Unitholders (excluding Unitholders holding Unvested Acquisition Units), Pro Rata, until the Adjusted Capital Account
in respect of each Common Unit then Outstanding equals the Event Issue Value; provided that Net Termination Loss shall not be
allocated pursuant to this Section 6.1(c)(iii) to the extent 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 in its Adjusted Capital Account);

 

(B)
Second, to all Unitholders holding Subordinated Units, Pro Rata; provided, however, that Net Termination Loss shall not be allocated
pursuant to this Section 6.1(c)(iii)(B) to the extent 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 in its Adjusted Capital Account);
and

 

(C)
The balance, if any, to the Unitholders with positive Adjusted Capital Account balances in proportion to such positive balances
(excluding Unitholders holding Unvested Acquisition Units).

 

(iv)
If (A) a Net Termination Loss has been allocated pursuant to Section 6.1(c)(iii), (B) a Net Termination Gain or Net Termination
Loss subsequently occurs (other than as a result of a Revaluation Event) prior to the conversion of the last Outstanding Subordinated
Unit and (C) after tentatively making all allocations of such Net Termination Gain or Net Termination Loss provided for in Section
6.1 (c)(i) or Section 6.1(c)(ii), as applicable, the Capital Account in respect of each Common Unit does not equal the amount
such Capital Account would have been if Section 6.1(c)(iii) had not been part of this Agreement and all prior allocations of Net
Termination Gain and Net Termination Loss had been made pursuant to Section 6.1(c)(i) or Section 6.1(c)(ii), as applicable, then
items of income, gain, loss and deduction included in such Net Termination Gain or Net Termination Loss, as applicable, shall
be specially allocated to all Unitholders in a manner that will, to the maximum extent possible, cause the Capital Account in
respect of each Common Unit to equal the amount such Capital Account would have been if all allocations of Net Termination Gain
and Net Termination Loss had been made pursuant to Section 6.1(c)(i) or Section 6.1(c)(ii), as applicable.

 

(d)
Special Allocations. Notwithstanding any other provision of this Section 6.1, 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 6.1, if there isa 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 6.1(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 6.1(d) with respect to such taxable period (other than an
allocation pursuant to Section 6.1(d)(vi) and Section 6.1(d)(vii)). This Section 6.1(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.

 

    	37

    	 

    

 

(ii)
Chargeback of Partner Nonrecourse Debt Minimum Gain. Notwithstanding the other provisions of this Section 6.1 (other than Section
6.1(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 provisions. For purposes of this Section 6.1(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 6.1(d) and other than an allocation pursuant to Section 6.1(d)(i), Section 6.1(d)(vi) and Section 6.1(d)(vii)
with respect to such taxable period. This Section 6.1(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.

 

(A)
If the amount of cash or the Net Agreed Value of any property distributed (except cash or property distributed pursuant to Section
12.4) 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 6.1(d)(iii)(A)
for the current taxable period and all previous taxable periods is equal to the amount of the Excess Distribution.

 

(B)
After the application of Section 6.1(d)(iii)(A), all or any portion of the remaining items of Partnership gross income or gain
for the taxable period, if any, shall be allocated to the holders of Incentive Distribution Rights, Pro Rata, until the aggregate
amount of such items allocated to the holders of Incentive Distribution Rights pursuant to this Section 6.1(d)(iii)(B) for the
current taxable period and all previous taxable periods is equal to the cumulative amount of all Incentive Distributions made
to the holders of Incentive Distribution Rights from the Closing Date to a date 45 days after the end of the current taxable period.

 

(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 such adjustments, allocations or distributions as quickly as possible; provided, however, that an allocation
pursuant to this Section 6.1(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 6.1 have been tentatively made
as if this Section 6.1(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 6.1(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 6.1 have been tentatively made as if Section 6.1(d)(iv) and this Section 6.1(d)(v) were not in this Agreement.

 

    	38

    	 

    

 

(vi)
Nonrecourse Deductions. Nonrecourse Deductions for any taxable period shall be allocated to the Unitholders 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 method permitted 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.

 

(x)
Economic Uniformity; Changes in Law.

 

(A)
At the election of the General Partner with respect to any taxable period ending upon, or after, the termination of the Subordination
Period, all or a portion of the remaining items of Partnership gross income or gain for such taxable period, after taking into
account allocations pursuant to Section 6.1(d)(iii), shall be allocated 100% to each Partner holding Subordinated Units that are
Outstanding as of the termination of the Subordination Period (“Final Subordinated Units”) in the proportion of the
number of Final Subordinated Units held by such Partner to the total number of Final Subordinated Units then Outstanding, until
each such Partner has been allocated an amount of gross income or gain that increases the Capital Account maintained with respect
to such Final Subordinated Units to an amount that after taking into account the other allocations of income, gain, loss and deduction
to be made with respect to such taxable period will equal the product of (1) the number of Final Subordinated Units held by such
Partner and (2) the Per Unit Capital Amount for a Common Unit. The purpose of this allocation is to establish uniformity between
the Capital Accounts underlying Final Subordinated Units and the Capital Accounts underlying Common Units held by Persons other
than the General Partner and its Affiliates immediately prior to the conversion of such Final Subordinated Units into Common Units.
This allocation method for establishing such economic uniformity will be available to the General Partner only if the method for
allocating the Capital Account maintained with respect to the Subordinated Units between the transferred and retained Subordinated
Units pursuant to Section 5.5(c)(ii) does not otherwise provide such economic uniformity to the Final Subordinated Units.

 

    	39

    	 

    

 

(B)
With respect to an event triggering an adjustment to the Carrying Value of Partnership property pursuant to Section 5.5(d) during
any taxable period of the Partnership ending upon, or after, the issuance of IDR Reset Common Units pursuant to Section 5.11,
after the application of Section 6.1(d)(x)(A), any Unrealized Gains and Unrealized Losses shall be allocated among the Partners
in a manner that to the nearest extent possible results in the Capital Accounts maintained with respect to such IDR Reset Common
Units issued pursuant to Section 5.11 equaling the product of (1) the Aggregate Quantity of IDR Reset Common Units and (2) the
Per Unit Capital Amount for an Initial Common Unit.

 

(C)
With respect to any taxable period during which an IDR Reset Common Unit is transferred to any Person who is not an Affiliate
of the transferor, all or a portion of the remaining items of Partnership gross income or gain for such taxable period shall be
allocated 100% to the transferor Partner of such transferred IDR Reset 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 IDR Reset Common
Unit to an amount equal to the Per Unit Capital Amount for an Initial Common Unit.

 

(D)
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 6.1(d)(x)(D) 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 6.1, 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 6.1. 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 6.1(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 6.1(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 6.1(d)(xi)(A) shall
be deferred with respect to allocations pursuant to clauses (1) and (2) hereof to the extent the General Partner determines that
such allocations are likely to be offset by subsequent Required Allocations.

 

(B)
The General Partner shall, with respect to each taxable period, (1) apply the provisions of Section 6.1 (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 6.1(d)(xi)(A) among the Partners in a manner that is likely to minimize such economic distortions.

 

(xii)
Corrective and Other Allocations. In the event of any allocation of Additional Book Basis Derivative Items or any Book-Down Event
or any recognition of a Net Termination Loss, the following rules shall apply:

 

    	40

    	 

    

 

(A)
The General Partner shall allocate Additional Book Basis Derivative Items consisting of depreciation, amortization, depletion
or any other form of cost recovery (other than Additional Book Basis Derivative Items included in Net Termination Gain or Net
Termination Loss) with respect to any Adjusted Property to the Unitholders, Pro Rata, and the holders of Incentive Distribution
Rights, all in the same proportion as the Net Termination Gain or Net Termination Loss resulting from the Revaluation Event that
gave rise to such Additional Book Basis Derivative Items was allocated to them pursuant to Section 6.1(c).

 

(B)
If a sale or other taxable disposition of an Adjusted Property, including, for this purpose, inventory (“Disposed of Adjusted
Property”) occurs other than in connection with an event giving rise to Net Termination Gain or Net Termination Loss, the
General Partner shall allocate (1) items of gross income and gain (aa) away from the holders of Incentive Distribution Rights
and (bb) to the Unitholders, or (2) items of deduction and loss (aa) away from the Unitholders and (bb) to the holders of Incentive
Distribution Rights, to the extent that the Additional Book Basis Derivative Items with respect to the Disposed of Adjusted Property
(determined in accordance with the last sentence of the definition of Additional Book Basis Derivative Items) treated as having
been allocated to the Unitholders pursuant to this Section 6.1(d)(xii)(B) exceed their Share of Additional Book Basis Derivative
Items with respect to such Disposed of Adjusted Property. For purposes of this Section 6.1(d)(xii)(B), the Unitholders shall be
treated as having been allocated Additional Book Basis Derivative Items to the extent that such Additional Book Basis Derivative
Items have reduced the amount of income that would otherwise have been allocated to the Unitholders under the Partnership Agreement
(e.g., Additional Book Basis Derivative Items taken into account in computing cost of goods sold would reduce the amount of book
income otherwise available for allocation among the Partners). Any allocation made pursuant to this Section 6.1(d)(xii)(B) shall
be made after all of the other Agreed Allocations have been made as if this Section 6.1(d)(xii) were not in this Agreement and,
to the extent necessary, shall require the reallocation of items that have been allocated pursuant to such other Agreed Allocations.

 

(C)
Net Termination Loss in an amount equal to the lesser of (1) such Net Termination Loss and (2) the Aggregate Remaining Net Positive
Adjustments shall be allocated in such a manner, as determined by the General Partner, that to the extent possible, the Capital
Account balances of the Partners will equal the amount they would have been had no prior Book-Up Events occurred, and any remaining
Net Termination Loss shall be allocated pursuant to Section 6.1(c) hereof. In allocating Net Termination Loss pursuant to this
Section 6.1(d)(xii)(C), the General Partner shall attempt, to the extent possible, to cause the Capital Accounts of the Unitholders,
on the one hand, and holders of the Incentive Distribution Rights, on the other hand, to equal the amount they would equal if
(i) the Carrying Values of the Partnership’s property had not been previously adjusted in connection with any prior Book-Up
Events, (ii) Unrealized Gain and Unrealized Loss (or, in the case of a liquidation, actual gain or loss) with respect to such
Partnership Property were determined with respect to such unadjusted Carrying Values, and (iii) any resulting Net Termination
Gain had been allocated pursuant to Section 6.1(c)(i) (including, for the avoidance of doubt, taking into account the provisions
set forth in the last sentence of Section 6.1(c)(i)).

 

(D)
In making the allocations required under this Section 6.1(d)(xii), the General Partner may apply whatever conventions or other
methodology it determines will satisfy the purpose of this Section 6.1(d)(xii). Without limiting the foregoing, if an Adjusted
Property is contributed by the Partnership to another entity classified as a partnership for federal income tax purposes (the
“lower tier partnership”), the General Partner may make allocations similar to those described in Sections 6.1(d)(xii)
(A) through (C) to the extent the General Partner determines such allocations are necessary to account for the Partnership’s
allocable share of income, gain, loss and deduction of the lower tier partnership that relate to the contributed Adjusted Property
in a manner that is consistent with the purpose of this Section 6.1(d)(xii).

 

(xiii)
Special Curative Allocation in Event of Liquidation Prior to End of Subordination Period. Notwithstanding any other provision
of this Section 6.1 (other than the Required Allocations), if the Liquidation Date occurs prior to the conversion of the last
Outstanding Subordinated Unit, then items of income, gain, loss and deduction for the taxable period that includes the Liquidation
Date (and, if necessary, items arising in previous taxable periods to the extent the General Partner determines such items may
be so allocated), shall be specially allocated among the Partners in the manner determined appropriate by the General Partner
so as to cause, to the maximum extent possible, the Capital Account in respect of each Common Unit to equal the amount such Capital
Account would have been if all prior allocations of Net Termination Gain and Net Termination Loss had been made pursuant to Section
6.1(c)(i) or Section 6.1(c)(ii), as applicable.

 

    	41

    	 

    

 

(xiv)
Certain Allocations of General and Administrative Expenses. To the extent that the General Partner funds or agrees to fund any
general and administrative expenses or costs incurred by the Partnership, for which the General Partner has not been and will
not be reimbursed by the Partnership, items of deduction and loss will be allocated to the General Partner in an amount equal
to such unreimbursed general and administrative expenses or costs.

 

Section
6.2 Allocations for Tax Purposes.

 

(a)
Except as otherwise provided herein, for 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 6.1.

 

(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 (taking into account the General Partner’s
discretion under Section 6.1(d)(x)(D)); 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.

 

(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 6.2, 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.

 

    	42

    	 

    

 

(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 such items for the period beginning on the Closing Date and ending on the last day of the month in which the last Option
Closing Date or the expiration of the Over-Allotment Option occurs 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 next succeeding month; provided further, 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
6.3 Requirement and Characterization of Distributions; Distributions to Record Holders.

 

(a)
Within 45 days following the end of each Quarter commencing with the Quarter ending on December 31, 2016, 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 as of the Record Date selected by the General Partner. All amounts of Available Cash distributed by the Partnership on
any date from any source shall be deemed to be Operating Surplus until the sum of all amounts of Available Cash theretofore distributed
by the Partnership to the Partners pursuant to Section 6.4 equals the Operating Surplus from the Closing Date through the close
of the immediately preceding Quarter. Any remaining amounts of Available Cash distributed by the Partnership on such date shall,
except as otherwise provided in Section 6.5, be deemed to be “Capital Surplus.” All distributions required to be made
under this Agreement shall be made subject to Sections 17-607 and 17-804 of the Delaware Act and other applicable law, notwithstanding
any other provision of this Agreement.

 

(b)
Notwithstanding Section 6.3(a) (but subject to the last sentence of Section 6.3(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 12.4.

 

(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.

 

    	43

    	 

    

 

Section
6.4 Distributions of Available Cash from Operating Surplus.

 

(a)
During the Subordination Period. Available Cash with respect to any Quarter within the Subordination Period that is deemed to
be Operating Surplus pursuant to the provisions of Section 6.3 or 6.5 shall be distributed as follows, except as otherwise required
in respect of additional Partnership Interests or Derivative Partnership Interests issued pursuant to Section 5.6(b):

 

(i)
First, to all Unitholders holding Common Units (excluding Unitholders holding Unvested Acquisition Units), Pro Rata, until there
has been distributed in respect of each Common Unit then Outstanding an amount equal to the Minimum Quarterly Distribution for
such Quarter;

 

(ii)
Second, to all Unitholders holding Common Units (excluding Unitholders holding Unvested Acquisition Units), Pro Rata, until there
has been distributed in respect of each Common Unit then Outstanding an amount equal to the Cumulative Common Unit Arrearage existing
with respect to such Quarter;

 

(iii)
Third, to all Unitholders holding Subordinated Units, Pro Rata, until there has been distributed in respect of each Subordinated
Unit then Outstanding an amount equal to the Minimum Quarterly Distribution for such Quarter;

 

(iv)
Fourth, to all Unitholders (excluding Unitholders holding Unvested Acquisition Units), Pro Rata, until there has been distributed
in respect of each Unit then Outstanding an amount equal to the excess of the First Target Distribution over the Minimum Quarterly
Distribution for such Quarter;

 

(v)
Fifth, (A) 15% to the holders of the Incentive Distribution Rights, Pro Rata; and (B) 85% to all Unitholders (excluding Unitholders
holding Unvested Acquisition Units), Pro Rata, until there has been distributed in respect of each Unit then Outstanding an amount
equal to the excess of the Second Target Distribution over the First Target Distribution for such Quarter;

 

(vi)
Sixth, (A) 25% to the holders of the Incentive Distribution Rights, Pro Rata; and (B) 75% to all Unitholders (excluding Unitholders
holding Unvested Acquisition Units), Pro Rata, until there has been distributed in respect of each Unit then Outstanding an amount
equal to the excess of the Third Target Distribution over the Second Target Distribution for such Quarter; and

 

(vii)
Thereafter, (A) 50% to the holders of the Incentive Distribution Rights, Pro Rata; and (B) 50% to all Unitholders, Pro Rata (excluding
Unitholders holding Unvested Acquisition Units);

 

provided,
however, that if the Minimum Quarterly Distribution, the First Target Distribution, the Second Target Distribution and the Third
Target Distribution have been reduced to zero pursuant to the second sentence of Section 6.6(a), the distribution of Available
Cash that is deemed to be Operating Surplus with respect to any Quarter will be made solely in accordance with Section 6.4(a)(vii
).

 

(b)
After the Subordination Period. Available Cash with respect to any Quarter after the Subordination Period that is deemed to be
Operating Surplus pursuant to the provisions of Section 6.3 or Section 6.5 shall be distributed as follows, except as otherwise
required in respect of additional Partnership Interests issued pursuant to Section 5.6(b):

 

(i)
First, to all Unitholders (excluding Unitholders holding Unvested Acquisition Units), Pro Rata, until there has been distributed
in respect of each Unit then Outstanding an amount equal to the Minimum Quarterly Distribution for such Quarter;

 

(ii)
Second, to all Unitholders (excluding Unitholders holding Unvested Acquisition Units), Pro Rata, until there has been distributed
in respect of each Unit then Outstanding an amount equal to the excess of the First Target Distribution over the Minimum Quarterly
Distribution for such Quarter;

 

    	44

    	 

    

 

(iii)
Third, (A) 15% to the holders of the Incentive Distribution Rights, Pro Rata; and (B) 85% to all Unitholders (excluding Unitholders
holding Unvested Acquisition Units), Pro Rata, until there has been distributed in respect of each Unit then Outstanding an amount
equal to the excess of the Second Target Distribution over the First Target Distribution for such Quarter;

 

(iv)
Fourth, (A) 25% to the holders of the Incentive Distribution Rights, Pro Rata; and (B) 75% to all Unitholders (excluding Unitholders
holding Unvested Acquisition Units), Pro Rata, until there has been distributed in respect of each Unit then Outstanding an amount
equal to the excess of the Third Target Distribution over the Second Target Distribution for such Quarter; and

 

(v)
Thereafter, (A) 50% to the holders of the Incentive Distribution Rights, Pro Rata; and (B) 50% to all Unitholders (excluding Unitholders
holding Unvested Acquisition Units), Pro Rata;

 

provided,
however, that if the Minimum Quarterly Distribution, the First Target Distribution, the Second Target Distribution and the Third
Target Distribution have been reduced to zero pursuant to the second sentence of Section 6.6(a), the distribution of Available
Cash that is deemed to be Operating Surplus with respect to any Quarter will be made solely in accordance with Section 6.4(b)(v).

 

Section
6.5 Distributions of Available Cash from Capital Surplus. Available Cash that is deemed to be Capital Surplus pursuant to the
provisions of Section 6.3(a) shall be distributed, unless the provisions of Section 6.3 require otherwise, to the Unitholders,
Pro Rata, until there has been distributed in respect of each Common Unit then Outstanding an amount equal to the Cumulative Common
Unit Arrearage. Thereafter, all Available Cash shall be distributed as if it were Operating Surplus and shall be distributed in
accordance with Section 6.4.

 

Section
6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels.

 

(a)
The Minimum Quarterly Distribution, Target Distributions, Common Unit Arrearages and Cumulative Common Unit Arrearages shall be
proportionately adjusted in the event of any distribution, combination or subdivision (whether effected by a distribution payable
in Units or otherwise) of Units or other Partnership Interests in accordance with Section 5.9. In the event of a distribution
of Available Cash that is deemed to be from Capital Surplus, the then applicable Minimum Quarterly Distribution and Target Distributions
shall be adjusted proportionately downward to equal the product obtained by multiplying the otherwise applicable Minimum Quarterly
Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, as the case may be, by a fraction,
the numerator of which is the Unrecovered Initial Unit Price of the Common Units immediately after giving effect to such distribution
and the denominator of which is the Unrecovered Initial Unit Price of the Common Units immediately prior to giving effect to such
distribution.

 

(b)
The Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, shall
also be subject to adjustment pursuant to Section 5.11 and Section 6.9.

 

Section
6.7 Special Provisions Relating to the Holders of Subordinated Units.

 

(a)
Except with respect to the right to vote on or approve matters requiring the vote or approval of a percentage of the holders of
Outstanding Common Units and the right to participate in allocations of income, gain, loss and deduction and distributions made
with respect to Common Units, the holder of a Subordinated Unit shall have all of the rights and obligations of a Unitholder holding
Common Units hereunder; provided, however, that immediately upon the conversion of Subordinated Units into Common Units pursuant
to Section 5.7, the Unitholder holding a Subordinated Unit shall possess all of the rights and obligations of a Unitholder holding
Common Units hereunder with respect to such converted Subordinated Units, including the right to vote as a Common Unitholder and
the right to participate in allocations of income, gain, loss and deduction and distributions made with respect to Common Units;
provided, however, that such converted Subordinated Units shall remain subject to the provisions of Sections 5.5(c)(ii), 6.1(d)(x)(A),
6.7(b) and 6.7(c).

 

    	45

    	 

    

 

(b)
A Unitholder shall not be permitted to transfer a Subordinated Unit or a Subordinated Unit that has converted into a Common Unit
pursuant to Section 5.7 (other than a transfer to an Affiliate) if the remaining balance in the transferring Unitholder’s
Capital Account with respect to the retained Subordinated Units or Retained Converted Subordinated Units would be negative after
giving effect to the allocation under Section 5.5(c)(ii)(B).

 

(c)
The holder of a Common Unit that has resulted from the conversion of a Subordinated Unit pursuant to Section 5.7 or Section 11.4
shall not be issued a Common Unit Certificate pursuant to Section 4.1 (if the Common Units are represented by Certificates) and
shall not be permitted to transfer such Common Unit to a Person that is not an Affiliate of the holder 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 6.7(c), the General Partner
may take whatever steps are required to provide economic uniformity to such Common Units in preparation for a transfer of such
Common Units, including the application of Sections 5.5(c)(ii), 6.1(d)(x) and 6.7(b); provided, however, that no such steps may
be taken that would have a material adverse effect on the Unitholders holding Common Units.

 

Section
6.8 Special Provisions Relating to the Holders of Incentive Distribution Rights.

 

(a)
Notwithstanding anything to the contrary set forth in this Agreement, the holders of the Incentive Distribution Rights (1) shall
(x) possess the rights and obligations provided in this Agreement with respect to a Limited Partner pursuant to Article III and
Article VII and (y) have a Capital Account as a Partner pursuant to Section 5.5 and all other provisions related thereto and (2)
shall not (x) be entitled to vote on any matters requiring the approval or vote of the holders of Outstanding Units, except as
provided by law, (y) be entitled to any distributions other than as provided in Sections 6.4(a)(v), (vi) and (vii), Sections 6.4(b)(iii),
(iv) and (v), and Section 12.4 or (z) be allocated items of income, gain, loss or deduction other than as specified in this Article
VI; provided, however, that for the avoidance of doubt, the foregoing shall not preclude the Partnership from making any other
payments or distributions in connection with other actions permitted by this Agreement.

 

(b)
A Unitholder shall not be permitted to transfer an IDR Reset Common Unit (other than a transfer to an Affiliate) if the remaining
balance in the transferring Unitholder’s Capital Account with respect to the retained IDR Reset Common Units would be negative
after giving effect to the allocation under Section 5.5(c)(iii).

 

(c)
A holder of an IDR Reset Common Unit that was issued in connection with an IDR Reset Election pursuant to Section 5.11 shall not
be issued a Common Unit Certificate pursuant to Section 4.1 (if the Common Units are evidenced by Certificates) or evidence of
the issuance of uncertificated Common Units, and shall not be permitted to transfer such Common Unit to a Person that is not an
Affiliate of such holder, until such time as the General Partner determines, based on advice of counsel, that each such IDR Reset
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 6.8(c), the General Partner may take whatever steps are required to provide economic uniformity to such
IDR Reset Common Units in preparation for a transfer of such IDR Reset Common Units, including the application of Section 5.5(c)(iii),
Section 6.1(d)(x)(B), or Section 6.1(d)(x)(C); provided, however, that no such steps may be taken that would have a material adverse
effect on the Unitholders holding Common Units.

 

    	46

    	 

    

 

ARTICLE
VII MANAGEMENT AND OPERATION OF BUSINESS

 

Section
7.1 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 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
7.3, 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 2.5 and to effectuate the purposes set forth
in Section 2.4, 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 7.3 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 7.6(a), the lending of funds
to other Persons;

 

(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 Partnership cash;

 

(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;

 

(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 subject to the restrictions
set forth in Section 2.4;

 

(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;

 

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(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 4.8);

 

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

 

(b)
Notwithstanding any other provision of this 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, the
Contribution Agreement and the other agreements described in or filed as exhibits to the Plan of Conversion and the Company’s
securities filings that are related to the transactions contemplated by the Plan o f Conversion (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) is 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; and (iii) agrees that the execution,
delivery or performance by the General Partner, or any Affiliate of any of the General Partner 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) shall 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
7.2 Certificate of Limited Partnership. Upon approval of the Plan of Conversion by the Shareholder’s of BMHM and its Chief
Executive Officer filing the Certificate of Conversion with the Secretary of Stat of the State of Delaware, 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 and the Plan of Conversion. 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 3.3(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
7.3 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.

 

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Section
7.4 Reimbursement of and Other Payments to the General Partner.

 

(a)
Except as provided in this Section 7.4, and elsewhere in this Agreement or a management agreement between the General Partner
and the Partnership, the General Partner shall not be compensated for its services as a general partner.

 

(b)
Except as may be otherwise provided for in the Omnibus 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 7.4 shall be in addition to any reimbursement
to the General Partner as a result of indemnification pursuant to Section 7.7. Any allocation of expenses to the Partnership by
the General Partner in a manner consistent with its or its Affiliates’ past business practices (whether or not actually
reimbursed) 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 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 7.4(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 7.4(c)
shall constitute obligations of the General Partner hereunder and shall be assumed by any successor General Partner approved pursuant
to Section 11.1 or Section 11.2 or the transferee of or successor to all of the General Partner’s General Partner Interest
pursuant to Section 4.6.

 

(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.

 

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Section
7.5 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 its performance as general partner.

 

(b)
Subject to the terms of Section 7.5(c), 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, 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 Partner. None of any Limited Partner or any other Person shall
have any rights by virtue of this Agreement, or the partnership relationship established hereby in any business ventures of any
Unrestricted Person.

 

(c)
Subject to the terms of Section 7.5(a) and Section 7.5(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 7.5 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.

 

(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 7.5(d) with respect to the General Partner.

 

Section
7.6 Loans from the General Partner; Loans or Contributions from the Partnership.

 

(a)
The General Partner or any of its Affiliates may lend to the Partnership Group, and the General Partner may authorize the Partnership
Group to borrow from the General Partner or any of its Affiliates, funds needed or desired by the Partnership Group, as determined
by the General Partner, 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.

 

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(b)
The Partnership may lend or contribute to the General Partner or any affiliate of the General Partner, and any the General Partner
or any affiliate of the General Partner may borrow from the Partnership, funds on terms and conditions determined by the General
Partner for purposes to advance the business of the Partnership that the General Partner deems unadvisable to carry on within
the Partnership Group.

 

(c)
No borrowing by the Partnership Group or the approval thereof by the General Partner shall be deemed to constitute a breach of
any duty, expressed or implied, of the General Partner or its Affiliates to the Partnership or the Limited Partners existing hereunder,
or existing at law, in equity or otherwise by reason of the fact that the purpose or effect of such borrowing is directly or indirectly
to (i) enable distributions to the General Partner or its Affiliates (including in their capacities as Limited Partners) to exceed
the General Partner’s Percentage Interest of the total amount distributed to all Partners or (ii) hasten the expiration
of the Subordination Period or the conversion of any Subordinated Units into Common Units.

 

Section
7.7 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 7.7 shall be
available to any Affiliate of the General Partner, or to any other Indemnitee, with respect to any such Affiliate’s obligations
pursuant to the Transaction Documents. Any indemnification pursuant to this Section 7.7 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 7.7(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 7.7, 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
7.7.

 

(c)
The indemnification provided by this Section 7.7 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 (including any capacity under the IPO Underwriting Agreement), 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 and administrators of the
Indemnitee.

 

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(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 7.7, 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 7.7(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.

 

(g)
An Indemnitee shall not be denied indemnification in whole or in part under this Section 7.7 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 7.7 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 7.7 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 7.7 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
7.8 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 or to the Partners, 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 any Partner or to any other Persons who are bound by this Agreement
for its good faith reliance on the provisions of this Agreement.

 

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(d)
Any amendment, modification or repeal of this Section 7.8 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 7.8 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
7.9 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, 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, 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)(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, or any other agreement contemplated hereby or otherwise, or under the Delaware Act
or any other law, rule or regulation or at equity. Any 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. A determination or the taking or declining
to take an action will be conclusively deemed to be in “good faith” for purposes of this Agreement if the Person or
Persons making such determination or taking or declining to take such action subjectively believes (i) that the determination
or other action is in the best interests of the Partnership, or (ii) in the case of any other provision of this Agreement that
provides an express standard or required determination, that such express standard or required determination has been met. Further,
a determination that a director satisfies the eligibility requirements to be a member of the Conflicts Committee will be conclusively
deemed to be in “good faith” for purposes of this Agreement if the Person or Persons making such determination subjectively
believes that such director satisfies the eligibility requirements to be a member of the Conflicts Committee.

 

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(b)
Unless a lesser standard is otherwise provided in this 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, 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 agreement contemplated herein or therein or
of any duty stated or implied by law or equity, if the 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 majority of the Outstanding Common Units (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 obtain Special Approval or Unitholder approval of a resolution or course of action in respect of a conflict
of interest as provided in either clause (i) or clause (ii) of the first sentence of this Section 7.9(b), then any such resolution
or course of action shall be governed by Section 7.9(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 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 obtained, then it shall be presumed that, in
making its decision, the Conflicts Committee 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, 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 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 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 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. 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.

 

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(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 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.

 

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 advisers 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 done or omitted 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.

 

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.
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 Articles IV and X.

 

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

 

(a)
Demand Registration. Upon receipt of a Notice from any Holder at any time after the 180th day after the Closing Date,
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 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.

 

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(b)
Piggyback Registration. At any time after the 180th day after the Closing Date, 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 about 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 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. 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:

 

(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;

 

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(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 will 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 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 has received
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.

 

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(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 7.7, the Partnership shall, to the fullest
extent permitted by law, 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 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, 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 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 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 in connection with any such dealing. In no event shall any Person dealing with the General Partner
or any such officer or its representatives 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 its representatives.
Each and every certificate, document or other instrument executed on behalf of the Partnership by the General Partner or its representatives
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 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 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
8.1 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 3.3(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, including Operating Surplus and Adjusted Operating Surplus,
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.

 

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

 

Section
8.3 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 105 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 posting on
or 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.

 

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(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 50 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
posting on or 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
9.1 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.

 

Section
9.2 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 6.2 (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
9.3 Tax Controversies.

 

Subject
to the provisions hereof, the General Partner is designated as the “tax matters partner” (as defined in Section 6231(a)(7)
of the Code) and 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 General Partner and to do or refrain from doing any or all things reasonably required by the General Partner to conduct such
proceedings.

 

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Section
9.4 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 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 6.3 or Section 12.4(c) in the amount of such withholding from such Partner.

 

ARTICLE
X ADMISSION OF PARTNERS

 

Section
10.1 Admission of Limited Partners.

 

(a)
Upon the issuance by the Partnership of Common Units, Subordinated Units and Incentive Distribution Rights to the General Partner,
and the Initial Limited Partner, such Persons shall, by acceptance of such Partnership Interests, and upon becoming the Record
Holders of such Partnership Interests, be admitted to the Partnership as Initial Limited Partners in respect of the Common Units,
Subordinated Units or Incentive Distribution Rights issued to them and be bound by this Agreement, all with or without execution
of this Agreement by such Persons.

 

(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, and except
as provided in Section 4.9, 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 10.1(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 4.9.

 

(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.

 

(d)
The name and mailing address of each Record Holder shall be listed in the Partnership Register or on the books maintained for
such purpose by 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).

 

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(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 10.1(b).

 

Section
10.2 Admission of Successor General Partner. A successor General Partner approved pursuant to Section 11.1 or Section 11.2 or
the transferee of or successor to all of the General Partner Interest pursuant to Section 4.6 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 11.1 or Section 11.2 or (b) the transfer
of the General Partner Interest pursuant to Section 4.6; provided, however, that no such successor shall be admitted to the Partnership
until compliance with the terms of Section 4.6 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
10.3 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 or
other records of the Partnership 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
11.1 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 4.6;

 

(iii)
The General Partner is removed pursuant to Section 11.2;

 

(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 11.1(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

 

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(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 11.1(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 11.1 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 December 31, 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 majority of the Outstanding Common Units (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; (ii) at any time after 12:00 midnight, Eastern
Time, on December 31, 2024 the General Partner voluntarily withdraws by giving at least 90 days’ advance notice to the Unitholders,
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 11.1(a)(ii) or is removed pursuant to Section 11.2; or (iv) notwithstanding clause (i) of
this sentence, at any time that the 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. If the General Partner gives a notice of withdrawal pursuant to Section
11.1(a)(i), the holders of a Unit Majority, may, prior to the effective date of such withdrawal, elect a successor General Partner.
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 12.1 unless the business of the Partnership is continued pursuant to Section 12.2. Any successor General Partner elected
in accordance with the terms of this Section 11.1 shall be subject to the provisions of Section 10.2.

 

Section
11.2 Removal of the General Partner.

 

The
General Partner may be removed if such removal is approved by the Unitholders holding at least 66 2/3% of the Outstanding Units
(including Common and Subordinated 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 majority of the outstanding Common Units voting as a class and Unitholders holding a majority of the outstanding Subordinated
Units (if any Subordinated Units are then Outstanding) voting as a class (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 10.2. 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 11.2 shall be subject to the provisions of Section 10.2.

 

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

 

(a)
In the event of (i) withdrawal of the General Partner under circumstances where such withdrawal does not violate this Agreement
or (ii) removal of the General Partner by the holders of Outstanding Units under circumstances where Cause does not exist, if
the successor General Partner is elected in accordance with the terms of Section 11.1 or Section 11.2, the Departing General Partner
shall have the option, exercisable prior to the effective date of the withdrawal or removal of such Departing General Partner,
to require its successor to purchase its General Partner Interest and its or its Affiliates’ general partner interest (or
equivalent interest), and all of its or its Affiliates’ Incentive Distribution Rights (collectively, the “Combined
Interest”) in exchange for an amount in cash equal to the fair market value of such Combined Interest, such amount to be
determined and payable as of the effective date of its withdrawal or removal. If the General Partner is removed by the Unitholders
under circumstances where Cause exists or if the General Partner withdraws under circumstances where such withdrawal violates
this Agreement, and if a successor General Partner is elected in accordance with the terms of Section 11.1 or Section 11.2 (or
if the business of the Partnership is continued pursuant to Section 12.2 and the successor General Partner is not the former General
Partner), such successor 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 either event, the Departing
General Partner shall be entitled to receive all reimbursements due such Departing General Partner pursuant to Section 7.4, 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 for the benefit of the Partnership. For purposes of this Section 11.3(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,
the value of the Incentive Distribution Rights and the General Partner Interest and other factors it may deem relevant.

 

(b)
If the Combined Interest is not purchased in the manner set forth in Section 11.3(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 11.3(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.

 

(c)
If a successor General Partner is elected in accordance with the terms of Section 11.1 or Section 11.2 (or if the business of
the Partnership is continued pursuant to Section 12.2 and the successor General Partner is not the former General Partner) and
the option described in Section 11.3(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.

 

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Section
11.4 Termination of Subordination Period, Conversion of Subordinated Units and Extinguishment of Cumulative Common Unit Arrearages.

 

Notwithstanding
any provision of this Agreement, if the General Partner is removed as general partner of the Partnership under circumstances where
Cause does not exist and Units held by the General Partner and its Affiliates are not voted in favor of such removal, (i) the
Subordination Period will end and all Outstanding Subordinated Units will immediately and automatically convert into Common Units
on a one-for- one basis; provided, however, that such converted Subordinated Units shall remain subject to the provisions of Section
6.7(c), (ii) all Cumulative Common Unit Arrearages on the Common Units will be extinguished and (iii) the General Partner will
have the right to convert its General Partner Interest and its Incentive Distribution Rights into Common Units or to receive cash
in exchange therefor in accordance with Section 11.3.

 

Section
11.5 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
12.1 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 removal or withdrawal of the General Partner, if a successor
General Partner is elected pursuant to Section 11.1, Section 11.2 or Section 12.2, 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 12.2) its affairs shall be wound up, upon:

 

(a)
an Event of Withdrawal of the General Partner as provided in Section 11.1(a) (other than Section 11.1(a)(ii)), unless a successor
is elected and a Withdrawal Opinion of Counsel is received as provided in Section 11.1(b) or Section 11.2 and such successor is
admitted to the Partnership pursuant to Section 10.2;

 

(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
12.2 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 11.1(a)(i) or (iii) and the failure of the Partners to select a successor to such Departing General Partner
pursuant to Section 11.1 or Section 11.2, 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 11.1(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 former General Partner, then the interest of the former General Partner shall be treated
in the manner provided in Section 11.3; 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) the Partnership would not 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
12.3 Liquidator.

 

Upon
dissolution of the Partnership, unless the business of the Partnership is continued pursuant to Section 12.2, the General Partner
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 majority of the Outstanding Common Units
and Subordinated Units, if any, voting as a single class. 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 majority of the Outstanding Common Units and Subordinated Units, if any, voting as a single
class. 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 majority of the Outstanding Common Units and Subordinated Units, if any, voting as a single class. 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 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 7.3) 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
12.4 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:

 

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(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 12.4(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 12.3) and amounts 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 12.4(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
12.4(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
12.5 Cancellation of Certificate of Limited Partnership.

 

Upon
the completion of the distribution of Partnership cash and property as provided in Section 12.4 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.

 

Section
12.6 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
12.7 Waiver of Partition.

 

To
the maximum extent permitted by law, each Partner hereby waives any right to partition of the Partnership property.

 

Section
12.8 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.

 

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ARTICLE
XIII AMENDMENT OF PARTNERSHIP AGREEMENT; MEETINGS; RECORD DATE

 

Section
13.1 Amendments to be Adopted Solely by the General Partner.

 

Each
Partner agrees that the General Partner, without the approval of any 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;

 

(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 13.1), (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 5.9 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;

 

(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, or 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 the General Partner determines to be necessary or appropriate in connection with the authorization or issuance
of any class or series of Partnership Interests or Derivative Partnership Interests pursuant to Section 5.6;

 

(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 approved in accordance with Section 14.3;

 

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(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 2.4 or Section
7.1(a);

 

(k)
a merger or conveyance pursuant to Section 14.3(d) or Section 14.3(e); or

 

(l)
any other amendments substantially similar to the foregoing.

 

Section
13.2 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 propose any amendment pursuant to this
Section 13.2 or decline to do so at its option free of any duty or obligation whatsoever to the Partnership, any Limited Partner
or any other Person bound by this Agreement, and, in proposing or 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 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 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 13.1 or Section 13.3, 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 13.2 if it has posted or made accessible such amendment through the Partnership’s or the Commission’s
website.

 

Section
13.3 Amendment Requirements.

 

(a)
Notwithstanding the provisions of Section 13.1 and Section 13.2, 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 11.2 or Section 13.4, reducing
such percentage or (ii) in the case of Section 11.2 or Section 13.4, 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 11.2, not less than 90% of the Outstanding Units, or (z) in the case
of an increase in the percentage in Section 13.4, not less than a majority of the Outstanding Units.

 

(b)
Notwithstanding the provisions of Section 13.1 and Section 13.2, 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 13.3(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 its
consent, which consent may be given or withheld at its option.

 

(c)
Except as provided in Section 14.3, and without limitation of the General Partner’s authority to adopt amendments to this
Agreement without the approval of any Partners as contemplated in Section 13.1, 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.

 

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(d)
Notwithstanding any other provision of this Agreement, except for amendments pursuant to Section 13.1 and except as otherwise
provided by Section 14.3(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.

 

(e)
Except as provided in Section 13.1, this Section 13.3 shall only be amended with the approval of the holders of at least 90% of
the Outstanding Units.

 

Section
13.4 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 16.1. 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
13.5 Notice of a Meeting.

 

Notice
of a meeting called pursuant to Section 13.4 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 16.1.

 

Section
13.6 Record Date.

 

For
purposes of determining the Limited Partners who are Record Holders of the class or classes of 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.

 

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Section
13.7 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 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
13.8 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 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 except 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
13.9 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 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.

 

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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 13.4, 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
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 13.6 (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 4.3.

 

(c)
Notwithstanding anything in this Agreement to the contrary, the Record Holder of an Incentive Distribution Right shall not be
entitled to vote such Incentive Distribution Right on any Partnership matter.

 

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ARTICLE
XIV MERGER, CONSOLIDATION OR CONVERSION

 

Section
14.1 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 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”), as the case may be, in accordance with this Article XIV.

 

Section
14.2 Procedure for Merger or Consolidation.

 

(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 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.

 

(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)
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 securities 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 securities 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;

 

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(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 14.4 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

 

(vii)
such other provisions with respect to the proposed merger or consolidation that the General Partner determines to be necessary
or appropriate.

 

Section
14.3 Approval by Limited Partners.

 

(a)
Except as provided in Section 14.3(d) and Section 14.3(e), the General Partner, upon its approval of the Merger Agreement shall
direct that the Merger Agreement, 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
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.

 

(b)
Except as provided in Section 14.3(d) and Section 14.3(e), the Merger Agreement shall be approved upon receiving the affirmative
vote or consent of the holders of a Unit Majority unless in the case of the Merger Agreement, the Merger Agreement 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.

 

(c)
Except as provided in Section 14.3(d) and Section 14.3(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, certificate of conversion or similar instrument pursuant to Section
14.4, the merger, consolidation or conversion may be abandoned pursuant to provisions therefor, if any, set forth in the Merger
Agreement.

 

(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 into a new limited liability entity, to merge the Partnership 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 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 previously treated as such), (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.

 

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(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 previously treated as such), (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 13.1, (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 (other
than Incentive Distribution Rights) Outstanding immediately prior to the effective date of such merger or consolidation.

 

(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 14.3 shall be effective at
the effective time or date of the merger or consolidation.

 

Section
14.4 Certificate of Merger or Certificate of Conversion. Upon the required approval by the General Partner and the Unitholders
of a Merger Agreement 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
14.5 Effect of Merger or Consolidation.

 

(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 102 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.

 

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ARTICLE
XV RIGHT TO ACQUIRE LIMITED PARTNER INTERESTS

 

Section
15.1 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 15.1(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 15.1(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 15.1(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 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. The Notice of Election to Purchase shall specify the Purchase Date and the price (determined in accordance
with Section 15.1(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. Any such Notice of Election to Purchase mailed to a Record Holder of Limited Partner Interests at his 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 15.1. 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 15.1(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 15.1 may surrender his Certificate evidencing
such Limited Partner Interest to the Transfer Agent or exchange agent in exchange for payment of the amount described in Section
15.1(a) therefor, without interest thereon, in accordance with procedures set forth by the General Partner.

 

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ARTICLE
XVI GENERAL PROVISIONS

 

Section
16.1 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 his 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 16.1 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 his 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 2.3. 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 e-mail and other forms of electronic communication.

 

Section
16.2 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
16.3 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
16.4 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.

 

Section
16.5 Creditors.

 

None
of the provisions of this Agreement shall be for the benefit of, or shall be enforceable by, any creditor of the Partnership.

 

    	77

    	 

    

 

Section
16.6 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
16.7 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
16.8 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 10.1(a) or (b) without execution hereof.

 

Section
16.9 Applicable Law; Forum; Venue and Jurisdiction; 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
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;

 

(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;

 

    	78

    	 

    

 

(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 provisions and/or part 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.

 

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 and registrar of the Partnership on certificates representing Common Units
is expressly permitted by this Agreement.

 

[SIGNATURE
PAGE TO FOLLOW]

 

[REMAINDER
OF THIS PAGE INTENTIONALLY LEFT BLANK.]

 

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

 

	GENERAL
    PARTNER:	 
	 	 
	ARMADA
    ENTERPRISES GP LLC	 
	 	 
	By:
    	/s/:
    George Wight	 
	Name:
    	George
    Wight 	 
	Title:
    	Managing
    General Partner	 

 

	INITIAL
    LIMITED PARTNER REPRESENTATIVE:
	 	 
	BIM
    HOMES, INC.	 
	 	 	 
	By:
    	/s/:
    Milan Saha	 
	Name:	Milan
    Saha 	 
	Title:
    	Chief
    Executive Officer and President	 

 

    	80SEPARATION
AGREEMENT AND GENERAL RELEASE

 

This
Separation Agreement and General Release (“Agreement”), effective as of October 17, 2017 (the “Effective Date”),
is made and entered into by and between Armada Enterprises LP (f/k/a Bim Homes, Inc.) (“Armada LP” or the “Company)
and Milan Saha (“Officer”).

 

WHEREAS,
Officer has been the former corporation’s sole Director, President and CEO since July 6, 2016 receiving only $2,500 in compensation
and funding certain company expenses from his personal funds; and

 

WHEREAS,
Armada LP completed a conversion from a Delaware Corporation known as Bim Homes, Inc. into Armada Enterprises LP, a Delaware limited
partnership, effective as of October 16, 2017 by filing a Certificate of Conversion with the Delaware Secretary of State for 100%
of the former corporation’s shareholders gave their affirmative consent;

 

WHEREAS,
Officer executed the Agreement of Limited Partnership as the representative of the former corporation’s shareholders who
became Armada LP’s initial limited partners;

 

WHEREAS,
the Agreement of Limited Partnership appointed Armada Enterprises GP, LLC as Armada LP’s general partner;

 

WHEREAS,
Officer’s director and officer positions ceased to exist upon effectiveness of the corporation’s conversion to a limited
partnership; and

 

WHEREAS,
Armada LP wishes to compensate Officer with a one-time severance payment of $250 thousand USD ($250,000.00) for his service to
the company in successfully overseeing the consent solicitation process and maintaining the company’s reporting requirements
with the Securities and Exchange Commission (SEC) and secure his cooperation in providing any documents or records for the company
to complete its quarterly and annual reports through fiscal year 2017;

 

NOW,
THEREFORE, in consideration of the promises contained herein, and for other good and valuable consideration, the receipt and adequacy
of which are hereby acknowledged, the parties agree as follows:

 

1.
Resignation, Transition Arrangements and Return of Property: Officer’s position of Director, President and CEO ended
October 16, 2017. Officer will provide his complete cooperation to Armada LP in responding to any requests to complete its 2017
third quarter and year end reports.

 

2.
Severance Payment:

 

A.
Armada LP will pay Officer a one-time severance payment for his services of Two Hundred Fifty Thousand Dollars ($250,000.00) due
immediately.

 

    	 	 	 

     

    

 

3.
Benefits: Officer will not be entitled to benefits from Armada LP or any compensation for his past performance as Director,
President and CEO other than the one-time severance payment.

 

4.
Unemployment Compensation Benefits: Officer will not seek any unemployment benefits for his past services to the Company.

 

5.
Mutual Releases:

 

A.
Officer’s Release: In consideration for the benefits described herein, and for other good and valuable consideration,
which are of greater value than Officer would normally be entitled upon resignation, Officer, on behalf of himself, his heirs,
executors, administrators, attorneys, agents, representatives and assigns, hereby forever releases ARMADA LP and its Affiliates,
and its and their officers, directors, trustees, owners, shareholders, Officers, insurers, benefit plans, agents, attorneys and
representatives, and each of their predecessors, successors and assigns, from any and all claims, demands, suits, actions, damages,
losses, expenses, charges or causes of action of any nature whatsoever, whether known or unknown, relating in any way to any act,
omission, event, relationship, conduct, policy or practice prior to the Effective Date, including without limitation his employment
with ARMADA LP and the separation thereof (“Claims”). This release includes without limitation Claims for discrimination,
harassment, retaliation or any other violation under the Age Discrimination in Employment Act, Title VII of the Civil Rights Act
of 1964, the Americans with Disabilities Act, the Maryland Human Rights Act, the Montgomery County Human Rights Act, and any other
Claims under all other federal, state or local laws; Claims for breach of contract; Claims for wrongful discharge; Claims for
emotional distress, defamation, fraud, misrepresentation or any other personal injury; Claims for unpaid compensation; Claims
relating to benefits; Claims for attorneys’ fees and costs, Claims for reinstatement or employment; and all other Claims
under any federal, state or local law or cause of action. Officer represents that he has not filed any such Claims, and he further
agrees not to assert or file any such Claims in the future or to seek or accept any monetary relief with respect to Claims filed
by him or on his behalf with the EEOC or any other fair employment agency to the fullest extent permitted by law. It is understood
and agreed that this Release does not apply to claims for breach of this Agreement or Claims that cannot be released by law.

 

B.
ARMADA LP’s Release: In consideration for the benefits described herein, and for other good and valuable consideration,
ARMADA LP and its Affiliates hereby forever release Officer, his heirs, executors, administrators, agents, representatives and
assigns, from any and all claims, demands, suits, actions, damages, losses, expenses, charges or causes of action of any nature
whatsoever, whether known or unknown, relating in any way to any act, omission, event, relationship, conduct, policy or practice
prior to the Effective Date. This release includes without limitation Claims for breach of any contract or duty; Claims for emotional
distress, defamation, fraud, misrepresentation or any other personal injury; Claims for overpaid compensation; Claims relating
to benefits; Claims for attorneys’ fees and costs; and all other Claims under any federal, state or local law or cause of
action. ARMADA LP represents that it has not filed any such Claims, and it further agrees not to assert or file any such Claims
in the future. It is understood and agreed that this Release does not apply to claims for breach of this Agreement or Claims that
cannot be released by law, or Claims for fraud, embezzlement, intentional misconduct or any other malfeasance.

 

    	 	 	 

     

    

 

If
any claim, demand, suit, action, damages, loss, expense, charge or cause of action are filed by third parties against Officer
arising out of his employment at ARMADA LP, ARMADA LP agrees to indemnify Officer for any costs, fees or liability arising out
of such claim, demand, suit, action, damages, loss, expense, charge or cause of action to the extent such costs, fees or liability
are not covered by any applicable insurance policy held by ARMADA LP,

 

6.
Reinstatement: Officer waives all claims for reinstatement or employment with ARMADA LP and its Affiliates, and its and
their successors and assigns, and he agrees not to seek such reinstatement or employment in the future unless the parties agree
otherwise in Armada LPing.

 

7.
SEC Filing: The parties acknowledge and agree that this Agreement will be publicly filed with the SEC.

 

8.
Nondisparagement and Nonassistance: Officer agrees not to make any disparaging comments about ARMADA LP or any of its Affiliates
or its or their past, present or future management, officers, trustees or Officers to any person or entity who is not a party
to this Agreement, and he further agrees not to provide any form of assistance to, or to cooperate with, any person or entity
asserting or intending to assert any claim or legal proceeding against ARMADA LP or any of its Affiliates except as may be required
by law or legal process. ARMADA LP agrees that its Officers and Board members will not make any disparaging comments about Officer
to any person or entity who is not a party to this Agreement, and it agrees not to provide any form of assistance to, or to cooperate
with, any person or entity asserting or intending to assert any claim or legal proceeding against Officer, except as may be required
by law or legal process. The only information anyone in ARMADA LP’s Human Resources Department shall disclose about Officer,
absent a subpoena or court order, is his position title, dates of employment and the fact that he retired.

 

9.
Cooperation: Officer agrees to reasonably cooperate with ARMADA LP upon request by answering questions and providing information
about matters of which he has personal knowledge. In the event that ARMADA LP becomes involved in any civil or criminal litigation,
administrative proceeding or governmental investigation, Officer shall, upon request, provide reasonable cooperation and assistance
to ARMADA LP, including without limitation, furnishing relevant information, attending meetings and providing statements and testimony.
ARMADA LP will reimburse Officer for all reasonable and necessary time and expenses he incurs in complying with this Section 9.

 

10.
Confidential Information: Officer shall not, except as required by law, use or disclose to any person or entity any Confidential
Information. For the purposes of this Section 10, “Confidential Information” means information Officer obtained through
or as a consequence of his employment with ARMADA LP relating to ARMADA LP’s business or its tenants which is not in the
public domain and includes, without limitation, trade secrets, tenant lists, lease rates, methods of operation, business plans,
leads, financial information, research and statistical data. Information does not lose its protection as Confidential Information
if it is disclosed in violation of an obligation not to disclose it.

 

    	 	 	 

     

    

 

11.
Nonsolicitation: During the Transition Period and for a period of twelve (12) months thereafter, Officer shall not directly
or indirectly for himself or any other person or entity, whether as an Officer, officer, director, consultant, agent, representative,
partner, owner, stockholder or in any other capacity, a) solicit any person who then is or was at any time in the preceding six
month period employed by ARMADA LP as an Officer or independent contractor, to resign from ARMADA LP or to accept employment as
an Officer or independent contractor with any other person or entity; or b) solicit any person or entity who then is or was at
any time in the preceding six month period in a business relationship with ARMADA LP to end or curtail such relationship or to
engage in business of the type engaged in by ARMADA LP with another person or entity. Officer agrees that these restrictions are
reasonable and necessary for the protection of ARMADA LP’s business. Officer further agrees that in the event he breaches
any provision in this Section 11, ARMADA LP shall be entitled to injunctive relief in addition to such other relief as a court
may deem proper.

 

12.
Miscellaneous: This Agreement represents the entire agreement of the parties, and supersedes all other agreements, discussions
and understandings of the parties, concerning the subject matter. All other express or implied agreements of the parties not expressly
contained or incorporated by reference herein are terminated and of no further force or effect. This Agreement may not be modified
in any manner except in a Armada written document signed by both parties. Should any provision of this Agreement be held to be
invalid or unenforceable by a court of competent jurisdiction, it shall be deemed severed from the Agreement, and the remaining
provisions of the Agreement shall continue in full force and effect, provided that, should the court determine that any provision
of Section 10 or 11 is unenforceable, the court shall modify such provision to make it valid to the maximum extent permitted by
law. In the event of any litigation to enforce this Agreement, the prevailing party shall be awarded his or its reasonable attorneys’
fees and costs. None of the arrangements made hereunder will be considered a termination without “Cause” or a resignation
for “Good Reason” under any agreements or benefit plans or arrangements between Officer and ARMADA LP.

 

13.
Governing Law: This Agreement shall be construed exclusively in accordance with the laws of the State of New York, without
regard to the principles of conflicts of laws therein.

 

14.
Assignment: This Agreement shall be binding upon and shall inure to the benefit of the parties and their respective successors
and assigns. Officer may not assign any right or obligation hereunder without ARMADA LP’s prior Armada LP’s written
consent. ARMADA LP may assign its rights and obligations here under to any successor in interest.

 

15.
Section 409A of the Code. To the extent that such requirements are applicable, this Agreement is intended to comply with
the requirements of Section 409A of the Internal Revenue Code (“Section 409A”) and shall be interpreted and administered
in accordance with that intent. If any provision of the Agreement would otherwise conflict with or frustrate this intent, that
provision will be interpreted and deemed amended so as to avoid the conflict. Further, for purposes of the limitations on nonqualified
deferred compensation under Section 409A, each payment of compensation under this Agreement shall be treated as a separate payment
of compensation for purposes of applying the deferral election rules under Section 409A and the exclusion from Section 409A for
certain short-term deferral amounts. Anything to the contrary herein notwithstanding, in the event that any such benefit or payment
is deemed to not comply with Section 409A, ARMADA LP and Officer agree to renegotiate in good faith any such benefit or payment
so that either (i) Section 409A will not apply or (ii) compliance with Section 409A will be achieved, provided, however, that
any resulting renegotiated terms shall provide to Officer, to the extent reasonably practicable, the after-tax economic equivalent
based on what otherwise would have been provided to Officer pursuant to the terms of this Agreement.

 

    	 	 	 

     

    

 

16.
Counterparts: This Agreement may be executed in one or more counterparts, each of which shall be deemed an original and
together which shall constitute one and the same instrument.

 

17.
Nonadmissions: By entering into this Agreement, neither party is admitting that it did anything wrong or improper or that
it has any liability to the other party.

 

Officer
has had an opportunity to carefully review and consider this Agreement with an attorney, and he has had sufficient time to consider
it. After such careful consideration, he knowingly and voluntarily enters into this Agreement with full understanding of its meaning
and effect.

 

IN
WITNESS WHEREOF, the parties hereto have duly executed this Agreement.

 

	Officer	 
	 	 
	 	/s/:
    Milan Saha	 
	 	Milan
    Saha	 
	 	 	 
	Armada
    Enterprises LP	 
	By:
    	Armada
    Enterprises GP, LLC	 
	 	 	 
	By:	/s/:
    George Wight	 
	Name:
    	George
    Wight	 
	Title:
    	Managing
    General Partner

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