Document:

Exhibit 10.2

THIRD AMENDED AND RESTATED 

GUARANTY AND PLEDGE AGREEMENT

DATED AS OF

AUGUST
31, 2007

MADE BY

LINN
ENERGY, LLC

AND

EACH OF THE OTHER OBLIGORS (AS DEFINED
HEREIN)

IN FAVOR OF

BNP
PARIBAS,

AS ADMINISTRATIVE AGENT

TABLE OF CONTENTS

	
  

  	
  Page

  
	
   

  	
   

  
	
  ARTICLE I Definitions

  	
  2

  
	
  Section 1.01

  	
  Definitions

  	
  2

  
	
  Section 1.02

  	
  Other Definitional Provisions

  	
  4

  
	
  Section 1.03

  	
  Rules of Interpretation

  	
  4

  
	
  ARTICLE II Guarantee

  	
  4

  
	
  Section 2.01

  	
  Guarantee

  	
  4

  
	
  Section 2.02

  	
  Right of Contribution

  	
  5

  
	
  Section 2.03

  	
  No Subrogation

  	
  6

  
	
  Section 2.04

  	
  Guaranty Amendments, Etc. with respect to the
  Borrower Obligations

  	
  6

  
	
  Section 2.05

  	
  Waivers

  	
  6

  
	
  Section 2.06

  	
  Guaranty Absolute and Unconditional

  	
  7

  
	
  Section 2.07

  	
  Reinstatement

  	
  8

  
	
  Section 2.08

  	
  Payments

  	
  8

  
	
  ARTICLE III Grant of Security Interest

  	
  9

  
	
  Section 3.01

  	
  Grant of Security Interest

  	
  9

  
	
  Section 3.02

  	
  Transfer of Pledged Securities

  	
  9

  
	
  ARTICLE IV Representations and Warranties

  	
  9

  
	
  Section 4.01

  	
  Representations in Credit Agreement

  	
  10

  
	
  Section 4.02

  	
  Title; No Other Liens

  	
  10

  
	
  Section 4.03

  	
  Perfected First Priority Liens

  	
  10

  
	
  Section 4.04

  	
  Obligor Information

  	
  10

  
	
  Section 4.05

  	
  Pledged Securities

  	
  11

  
	
  Section 4.06

  	
  Benefit to the Guarantor

  	
  11

  
	
  Section 4.07

  	
  Solvency

  	
  11

  
	
  ARTICLE V Covenants

  	
  11

  
	
  Section 5.01

  	
  Maintenance of Perfected Security Interest; Further
  Documentation

  	
  12

  
	
  Section 5.02

  	
  Changes in Locations, Name, Etc

  	
  12

  
	
  Section 5.03

  	
  Pledged Securities

  	
  13

  
	
  ARTICLE VI Remedial Provisions

  	
  14

  
	
  Section 6.01

  	
  Code and Other Remedies

  	
  14

  
	
  Section 6.02

  	
  Pledged Securities

  	
  15

  
	
  Section 6.03

  	
  Private Sales of Pledged Securities

  	
  17

  
	
  Section 6.04

  	
  Waiver; Deficiency

  	
  18

  
	
  Section 6.05

  	
  Non-Judicial Enforcement

  	
  18

  
	
  ARTICLE VII The Administrative Agent

  	
  18

  
	
  Section 7.01

  	
  Administrative Agent’s Appointment as
  Attorney-in-Fact, Etc

  	
  18

  
	
  Section 7.02

  	
  Duty of Administrative Agent

  	
  20

  
	
  Section 7.03

  	
  Execution of Financing Statements

  	
  20

  
	
  Section 7.04

  	
  Authority of Administrative Agent

  	
  20

  
	
  ARTICLE VIII Subordination of Indebtedness

  	
  21

  

 i
 

 

	
  Section 8.01

  	
  Subordination of All Obligor Claims

  	
  21

  
	
  Section 8.02

  	
  Claims in Bankruptcy

  	
  21

  
	
  Section 8.03

  	
  Payments Held in Trust

  	
  21

  
	
  Section 8.04

  	
  Liens Subordinate

  	
  22

  
	
  Section 8.05

  	
  Notation of Records

  	
  22

  
	
  ARTICLE IX Miscellaneous

  	
  22

  
	
  Section 9.01

  	
  Waiver

  	
  22

  
	
  Section 9.02

  	
  Notices

  	
  22

  
	
  Section 9.03

  	
  Payment of Expenses, Indemnities, Etc

  	
  22

  
	
  Section 9.04

  	
  Amendments in Writing

  	
  23

  
	
  Section 9.05

  	
  Successors and Assigns

  	
  23

  
	
  Section 9.06

  	
  Survival; Revival; Reinstatement

  	
  23

  
	
  Section 9.07

  	
  Counterparts; Integration; Effectiveness

  	
  24

  
	
  Section 9.08

  	
  Severability

  	
  24

  
	
  Section 9.09

  	
  Set-Off

  	
  25

  
	
  Section 9.10

  	
  Governing Law; Submission to Jurisdiction

  	
  25

  
	
  Section 9.11

  	
  Headings

  	
  26

  
	
  Section 9.12

  	
  Acknowledgments

  	
  26

  
	
  Section 9.13

  	
  Additional Obligors and Pledgors

  	
  27

  
	
  Section 9.14

  	
  Releases

  	
  27

  
	
  Section 9.15

  	
  Acceptance

  	
  28

  

 

SCHEDULES:

1           Notice Addresses of Obligors

2           Description of Pledged Securities

3           Filings and Other Actions Required to
Perfect Security Interests

4           Location of
Jurisdiction of Organization and Chief Executive Office

ANNEXES:

I            Form of Assumption Agreement

II           Form of
Supplement

 ii

This
THIRD AMENDED AND RESTATED GUARANTY AND PLEDGE AGREEMENT, dated as of August
31, 2007, is made by LINN ENERGY, LLC, a Delaware limited liability company
(the “Borrower”), and each of the signatories hereto (the Borrower and
each of the signatories hereto, together with any other Subsidiary of the
Borrower that becomes a party hereto from time to time after the date hereof,
the “Obligors”), in favor of BNP PARIBAS
as administrative agent (in such capacity, together with its successors in such
capacity, the “Administrative Agent”),
for the Lenders (as defined below).

R E C I T A L S

A.                                   On April 13, 2005, Linn Energy,
LLC (formerly known as Linn Energy Holdings, LLC), a Delaware limited liability
company (the “Borrower”), the financial institutions from time to time
party thereto and Mortgagee, as administrative agent for the Lenders, entered
into a Credit Agreement, as amended by the First Amendment and Consent, dated
as of May 3, 2005, the Second Amendment, dated as of August 12, 2005, the Third
Amendment, dated as of October 27, 2005 and the Fourth Amendment, dated as of
December 19, 2005 (as amended, the “Original Credit Agreement”).

B.                                     On April 7, 2006, the Borrower,
the financial institutions from time to time party thereto and the Mortgagee
amended and restated the Original Credit Agreement by entering into an Amended
and Restated Credit Agreement, as amended by the First Amendment, dated as of
May 5, 2006 (as amended, the “Amended Credit Agreement”), pursuant to
which, upon the terms and conditions stated therein, the Lenders have agreed to
make loans and other extensions of credit to the Borrower.

C.                                     On August 1, 2006, the Borrower,
the financial institutions from time to time party thereto and the Mortgagee
amended and restated the Amended Credit Agreement by entering into the Second
Amended and Restated Credit Agreement, as amended by the First Amendment, dated
February 1, 2007, the Second Amendment, dated June 29, 2007 and the Third
Amendment, dated July 13, 2007 (as amended, the “Second Amended Credit
Agreement”), pursuant to which, upon the terms and conditions stated
therein, the Lenders agreed to make loans and other extensions of credit to the
Borrower.

D.                                    On April 13, 2005, the Borrower,
the Mortgagor, each of the signatories thereto, and Mortgagee have entered into
that certain Guaranty and Pledge Agreement to guarantee the obligations under
the Original Credit Agreement and to grant a security interest to Mortgagee in
the Collateral (as defined therein), which agreement was amended and restated
by that certain Amended and Restated Guaranty and Pledge Agreement, dated as of
April 7, 2006 and then by the Second Amended and Restated Guaranty, dated
August 1, 2006 (the “Original Guaranty”).

E.                                      On even date herewith, the
Borrower, the financial institutions from time to time party thereto (the “Lenders”)
and Mortgagee, as administrative agent for the Lenders, are amending and
restating the Second Amended Credit Agreement by executing the Third Amended
and Restated Credit Agreement (such agreement, as may from time to time be
amended or supplemented, the “Credit Agreement”) pursuant to which, upon
the terms and conditions stated therein, the Lenders have agreed to make
further loans and other extensions of credit to the Borrower.

F.                                      It is a condition precedent to
the effectiveness of the Credit Agreement that the parties hereto amend and
restate the Original Guaranty, subject to the terms and conditions of this
Agreement.

G.                                     NOW, THEREFORE, in consideration
of the mutual covenants and agreements herein contained and of the loans,
extensions of credit and commitments hereinafter referred to, the parties
hereto agree as follows:

ARTICLE I
 Definitions

Section
1.01                                Definitions.

(a)                                  Unless otherwise defined herein,
terms defined in the Credit Agreement and used herein have the meanings given
to them in the Credit Agreement, and all uncapitalized terms which are defined
in the UCC on the date hereof are used herein as so defined.

(b)                                 The following terms have the
following meanings:

“Agreement”
means this Third Amended and Restated Guaranty and Pledge Agreement, as the
same may be amended, restated, supplemented or otherwise modified from time to
time.

“Assumption Agreement” means an Assumption
Agreement substantially in the form attached hereto as Annex I.

“Bankruptcy
Code” means title 11, United States Code, as amended from time to time.

“Borrower
Obligations” means the collective reference to the payment and performance
of all Indebtedness and all obligations of the Borrower and its Subsidiaries
under the Guaranteed Documents, including, without limitation, the unpaid
principal of and interest on the Loans and the LC Exposure and all other
obligations and liabilities of the Borrower and its Subsidiaries (including,
without limitation, interest accruing at the then applicable rate provided in
the Credit Agreement after the maturity of the Loans and LC Exposure and
interest accruing after the filing of any petition in bankruptcy, or the
commencement of any insolvency, reorganization or like proceeding, relating to
the Borrower, whether or not a claim for post-filing or post-petition interest
is allowed in such proceeding) to the Guaranteed Creditors, whether direct or
indirect, absolute or contingent, due or to become due, or now existing or
hereafter incurred, which may arise under, out of, or in connection with, the
Guaranteed Documents, whether on account of principal, interest, reimbursement
obligations, payments in respect of an early termination date, fees,
indemnities, costs, expenses or otherwise (including, without limitation, all
fees and disbursements of counsel to the Guaranteed Creditors that are required
to be paid by the Borrower pursuant to the terms of any Guaranteed Documents).

“Collateral”
has the meaning assigned such term in Section 3.01.

“Guaranteed
Creditors” means the collective reference to the Administrative Agent, the
Lenders and the Affiliates of Lenders that are parties to Guaranteed Swap
Agreements.

 2
 

“Guaranteed
Documents” means the collective reference to the Credit Agreement, the
other Loan Documents, each Guaranteed Swap Agreement and any other document
made, delivered or given in connection with any of the foregoing.

“Guaranteed
Swap Agreement” means any Swap Agreement between the Borrower or any of its
Subsidiaries and any Lender or any Affiliate of any Lender while such Person
(or, in the case of an Affiliate of a Lender, the Person affiliated therewith)
is a Lender regardless of when such Swap Agreement was entered into.  For the avoidance of doubt, a Swap Agreement
ceases to be a Guaranteed Swap Agreement if the Person that is the counterparty
to the Borrower or one of its Subsidiaries under a Swap Agreement ceases to be
a Lender under the Credit Agreement (or, in the case of an Affiliate of a
Lender, the Person affiliated therewith ceases to be a Lender under the Credit
Agreement).

“Guarantor
Obligations” means with respect to any Guarantor, the collective reference
to (a) the Borrower Obligations and (b) all obligations and liabilities of such
Guarantor which may arise under or in connection with any Guaranteed Document
to which such Guarantor is a party, in each case, whether on account of
principal, interest, guarantee obligations, reimbursement obligations, payments
in respect of an early termination date, fees, indemnities, costs, expenses or
otherwise (including, without limitation, all fees and disbursements of counsel
to any Guaranteed Creditor under any Guaranteed Document).

“Guarantors”
means the collective reference to each Obligor other than the Borrower.

“Issuers”
means the collective reference to the issuers of the Pledged Securities.

“LLC”
means, with respect to each Pledgor, each limited liability company described
or referred to in Schedule 2 in which such Pledgor has an interest.

“LLC
Agreement” means, with respect to each Pledgor, each operating agreement
relating to an LLC, as each agreement has heretofore been, and may hereafter
be, amended, restated, supplemented or otherwise modified from time to time.

“Obligations”
means:  (a) in the case of the Borrower,
the Borrower Obligations and (b) in the case of each Guarantor, its Guarantor
Obligations.

“Obligor Claims” has the meaning assigned to
such term in Section 8.01.

“Partnership”
means, with respect to each Pledgor, each partnership described or referred to
in Schedule 2 (as the same may be supplemented from time to time pursuant to a
Supplement) in which such Pledgor has an interest.

“Partnership
Agreement” means, with respect to each Pledgor, each partnership agreement
governing a Partnership, as each such agreement has heretofore been, and may
hereafter be, amended, restated, supplemented or otherwise modified.

“Pledged
LLC Interests” means, with respect to each Pledgor, all right, title and
interest of such Pledgor as a member of each LLC and all right, title and interest
of any Pledgor in, to and under each LLC Agreement.

 3
 

“Pledged
Partnership Interests” means, with respect to each Pledgor, all right,
title and interest of such Pledgor as a limited or general partner in all
Partnerships and all right, title and interest of any Pledgor in, to and under
the Partnership Agreements.

“Pledged
Securities” means: (a) the Equity Interests described or referred to in
Schedule 2 (as the same may be supplemented from time to time pursuant to a
Supplement); and (b) (i) the certificates or instruments, if any, representing
such Equity Interests, (ii) all dividends (cash, Equity Interests or
otherwise), cash, instruments, rights to subscribe, purchase or sell and all
other rights and Property from time to time received, receivable or otherwise
distributed in respect of or in exchange for any or all of such securities,
(iii) all replacements, additions to and substitutions for any of the Property
referred to in this definition, including, without limitation, claims against
third parties, (iv) the proceeds, interest, profits and other income of or on
any of the Property referred to in this definition, (v) all security
entitlements in respect of any of the foregoing, if any and (vi) all books and
records relating to any of the Property referred to in this definition.

“Pledgor”
means any Obligor that now or hereafter pledges Pledged Securities hereunder.

“Proceeds”
means all “proceeds” as such term is defined in Section 9.102(64)  of the Uniform Commercial Code in effect
in the State of Texas on the date hereof and, in any event, shall include,
without limitation, all dividends or other income from the Pledged Securities,
collections thereon or distributions or payments with respect thereto.

“Securities
Act” shall mean the Securities Act of 1933, as amended.

“Supplement” means a Supplement substantially in
the form attached hereto as Annex II.

“UCC”
means the Uniform Commercial Code as from time to time in effect in the State
of Texas; provided, however, that, in the event that, by reason of mandatory
provisions of law, any of the attachment, perfection or priority of the
Administrative Agent’s and the Guaranteed Creditors’ security interest in any
Collateral is governed by the Uniform Commercial Code as in effect in a
jurisdiction other than the State of Texas, the term “UCC” shall mean the
Uniform Commercial Code as in effect in such other jurisdiction for purposes of
the provisions hereof relating to such attachment, perfection, the effect
thereof or priority and for purposes of definitions related to such provisions.

Section
1.02           Other Definitional
Provisions.  Where the context
requires, terms relating to the Collateral or any part thereof, when used in
relation to a Pledgor, refer to such Pledgor’s Collateral or the relevant part
thereof.

Section
1.03           Rules of Interpretation.  Section 1.04 and Section 1.05 of the Credit
Agreement are hereby incorporated herein by reference and shall apply to this
Agreement, mutatis mutandis.

 4
 

ARTICLE II
 Guarantee

Section
2.01                                Guarantee.

(a)                                  Each of the Guarantors hereby
jointly and severally, unconditionally and irrevocably, guarantees to the
Guaranteed Creditors and each of their respective successors, indorsees,
transferees and assigns, the prompt and complete payment in cash and
performance by the Borrower when due (whether at the stated maturity, by
acceleration or otherwise) of the Borrower Obligations.  This is a guarantee of payment and not
collection and the liability of each Guarantor is primary and not secondary.

(b)                                 Anything herein or in any other
Loan Document to the contrary notwithstanding, the maximum liability of each
Guarantor hereunder and under the other Loan Documents shall in no event exceed
the amount which can be guaranteed by such Guarantor under applicable federal
and state laws relating to the insolvency of debtors (after giving effect to
the right of contribution established in Section 2.02).

(c)                                  Each Guarantor agrees that the
Borrower Obligations may at any time and from time to time exceed the amount of
the liability of such Guarantor hereunder without impairing the guarantee
contained in this ARTICLE II or affecting the rights and remedies of any
Guaranteed Creditor hereunder.

(d)                                 Each Guarantor agrees that if
the maturity of the Borrower Obligations is accelerated by bankruptcy or
otherwise, such maturity shall also be deemed accelerated for the purpose of
this guarantee without demand or notice to such Guarantor.  The guarantee contained in this ARTICLE II
shall remain in full force and effect until all the Borrower Obligations shall
have been satisfied by payment in full in cash, no Letter of Credit shall be
outstanding and all of the Commitments are terminated, notwithstanding that
from time to time during the term of the Credit Agreement, no Borrower
Obligations may be outstanding.

(e)                                  No payment made by any Obligor,
any other guarantor or any other Person or received or collected by any
Guaranteed Creditor from the Borrower, any of the Guarantors, any other
guarantor or any other Person by virtue of any action or proceeding or any
set-off or appropriation or application at any time or from time to time in
reduction of or in payment of the Borrower Obligations shall be deemed to
modify, reduce, release or otherwise affect the liability of any Guarantor
hereunder which shall, notwithstanding any such payment (other than any payment
made by such Guarantor in respect of the Borrower Obligations or any payment
received or collected from such Guarantor in respect of the Borrower
Obligations), remain liable for the Borrower Obligations up to the maximum
liability of such Guarantor hereunder until the Borrower Obligations are paid
in full in cash, no Letter of Credit shall be outstanding and all of the
Commitments are terminated.

Section
2.02                                Right of Contribution.  Each Guarantor hereby agrees that to the
extent that a Guarantor shall have paid more than its proportionate share of
any payment made hereunder, such Guarantor shall be entitled to seek and
receive contribution from and against any other Guarantor hereunder which has
not paid its proportionate share of such payment.  Each Guarantor’s right of contribution shall
be subject to the terms and conditions of Section 2.03.  The provisions of this Section 2.02 shall in
no respect limit the obligations and liabilities of any Guarantor to the
Guaranteed Creditors, and each Guarantor shall remain liable to the Guaranteed
Creditors for the full amount guaranteed by such Guarantor hereunder.

 5
 

Section
2.03                                No Subrogation.  Notwithstanding any payment made by any
Guarantor hereunder or any set-off or application of funds of any Guarantor by
any Guaranteed Creditor, no Guarantor shall be entitled to be subrogated to any
of the rights of any Guaranteed Creditor against the Borrower or any other
Guarantor or any collateral security or guarantee or right of offset held by
any Guaranteed Creditor for the payment of the Borrower Obligations, nor shall
any Guarantor seek or be entitled to seek any indemnity, exoneration,
participation, contribution or reimbursement from the Borrower or any other Guarantor
in respect of payments made by such Guarantor hereunder, until all amounts
owing to the Guaranteed Creditors by the Borrower on account of the Borrower
Obligations are irrevocably and indefeasibly paid in full in cash, no Letter of
Credit shall be outstanding and all of the Commitments are terminated.  If any amount shall be paid to any Guarantor
on account of such subrogation rights at any time when all of the Borrower
Obligations shall not have been irrevocably and indefeasibly paid in full in
cash, any Letter of Credit shall be outstanding or any of the Commitments are
in effect, such amount shall be held by such Guarantor in trust for the
Guaranteed Creditors, and shall, forthwith upon receipt by such Guarantor, be
turned over to the Administrative Agent in the exact form received by such
Guarantor (duly indorsed by such Guarantor to the Administrative Agent, if
required), to be applied against the Borrower Obligations, whether matured or
unmatured, in accordance with Section 10.02(c) of the Credit Agreement.

Section
2.04                                Guaranty Amendments, Etc. with
respect to the Borrower Obligations.  Each Guarantor
shall remain obligated hereunder, and such Guarantor’s obligations hereunder
shall not be released, discharged or otherwise affected, notwithstanding that,
without any reservation of rights against any Guarantor and without notice to,
demand upon or further assent by any Guarantor (which notice, demand and assent
requirements are hereby expressly waived by such Guarantor), (a) any demand for
payment of any of the Borrower Obligations made by any Guaranteed Creditor may
be rescinded by such Guaranteed Creditor or otherwise and any of the Borrower
Obligations continued; (b) the Borrower Obligations, the liability of any other
Person upon or for any part thereof or any collateral security or guarantee
therefor or right of offset with respect thereto, may, from time to time, in
whole or in part, be renewed, extended, amended, modified, accelerated,
compromised, waived, surrendered or released by, or any indulgence or
forbearance in respect thereof granted by, any Guaranteed Creditor; (c) any
Guaranteed Document may be amended, modified, supplemented or terminated, in
whole or in part, as the Guaranteed Creditors may deem advisable from time to
time; (d) any collateral security, guarantee or right of offset at any time
held by any Guaranteed Creditor for the payment of the Borrower Obligations may
be sold, exchanged, waived, surrendered or released; (e) any additional
guarantors, makers or endorsers of the Borrower’s Obligations may from time to
time be obligated on the Borrower’s Obligations or any additional security or
collateral for the payment and performance of the Borrower’s Obligations may
from time to time secure the Borrower’s Obligations; or (f) any other event
shall occur which constitutes a defense (other than a defense of payment or
performance in full) or release of sureties generally.  No Guaranteed Creditor shall have any
obligation to protect, secure, perfect or insure any Lien at any time held by
it as security for the Borrower Obligations or for the guarantee contained in
this ARTICLE II or any Property subject thereto.

Section
2.05                                Waivers.  Each Guarantor hereby waives any and all
notice of the creation, renewal, extension or accrual of any of the Borrower
Obligations and notice of or proof of reliance by any Guaranteed Creditor upon
the guarantee contained in this ARTICLE II or

 6
 

acceptance of
the guarantee contained in this ARTICLE II; the Borrower Obligations, and any
of them, shall conclusively be deemed to have been created, contracted or
incurred, or renewed, extended, amended or waived, in reliance upon the
guarantee contained in this ARTICLE II and no notice of creation of the
Borrower Obligations or any extension of credit already or hereafter contracted
by or extended to the Borrower need be given to any Guarantor; and all dealings
between the Borrower and any of the Guarantors, on the one hand, and the
Guaranteed Creditors, on the other hand, likewise shall be conclusively
presumed to have been had or consummated in reliance upon the guarantee
contained in this ARTICLE II.  Each
Guarantor waives diligence, presentment, protest, demand for payment and notice
of default or nonpayment to or upon the Borrower or any of the Guarantors with
respect to the Borrower Obligations.

Section
2.06                                Guaranty Absolute and
Unconditional.

(a)                                  Each Guarantor understands and
agrees that the guarantee contained in this ARTICLE II is, and shall be
construed as, a continuing, completed, absolute and unconditional guarantee of
payment, and each Guarantor hereby waives any defense of a surety or guarantor
or any other obligor on any obligations arising in connection with or in
respect of any of the following and hereby agrees that its obligations
hereunder shall not be discharged or otherwise affected as a result of any of
the following:

(i)                                     the invalidity or
unenforceability of any Guaranteed Document, any of the Borrower Obligations or
any other collateral security therefor or guarantee or right of offset with respect
thereto at any time or from time to time held by any Guaranteed Creditor;

(ii)                                  any defense, set-off or
counterclaim (other than a defense of payment or performance) which may at any
time be available to or be asserted by the Borrower or any other Person against
any Guaranteed Creditor;

(iii)                               the insolvency, bankruptcy
arrangement, reorganization, adjustment, composition, liquidation, disability,
dissolution or lack of power of the Borrower or any other Guarantor or any
other Person at any time liable for the payment of all or part of the
Obligations, including any discharge of, or bar or stay against collecting, any
Obligation (or any part of them or interest therein) in or as a result of such
proceeding;

(iv)                              any sale, lease or transfer of
any or all of the assets of the Borrower or any other Guarantor, or any changes
in the shareholders of the Borrower or any other Guarantor;

(v)                                 any change in the corporate
existence (including its constitution, laws, rules, regulations or power),
structure or ownership of any Obligor or in the relationship between the
Borrower and any Obligor;

(vi)                              the fact that any Collateral or
Lien contemplated or intended to be given, created or granted as security for
the repayment of the Obligations shall not be properly perfected or created, or
shall prove to be unenforceable or subordinate to any other Lien, it being
recognized and agreed by each of the Guarantors that it is not entering into
this Agreement in reliance on, or in contemplation of the benefits of, the
validity, enforceability, collectability or value of any of the Collateral for
the Obligations;

 7
 

(vii)                           the absence of any attempt to
collect the Obligations or any part of them from any Obligor;

(viii)                        (A) any Guaranteed Creditor’s
election, in any proceeding instituted under chapter 11 of the Bankruptcy Code,
of the application of Section 1111(b)(2) of the Bankruptcy Code; (B) any
borrowing or grant of a Lien by the Borrower, as debtor-in-possession, or
extension of credit, under Section 364 of the Bankruptcy Code; (C) the
disallowance, under Section 502 of the Bankruptcy Code, of all or any portion
of any Guaranteed Creditor’s claim (or claims) for repayment of the
Obligations; (D) any use of cash collateral under Section 363 of the Bankruptcy
Code; (E) any agreement or stipulation as to the provision of adequate
protection in any bankruptcy proceeding; (F) the avoidance of any Lien in favor
of the Guaranteed Creditors or any of them for any reason; or (G) failure by
any Guaranteed Creditor to file or enforce a claim against the Borrower or its
estate in any bankruptcy or insolvency case or proceeding; or

(ix)                                any other circumstance or act
whatsoever, including any action or omission of the type described in Section
2.04 (with or without notice to or knowledge of the Borrower or such
Guarantor), which constitutes, or might be construed to constitute, an
equitable or legal discharge of the Borrower for the Borrower Obligations, or
of such Guarantor under the guarantee contained in this ARTICLE II, in
bankruptcy or in any other instance.

(b)                                 When making any demand hereunder
or otherwise pursuing its rights and remedies hereunder against any Guarantor,
any Guaranteed Creditor may, but shall be under no obligation to, join or make
a similar demand on or otherwise pursue or exhaust such rights and remedies as
it may have against the Borrower, any other Guarantor or any other Person or
against any collateral security or guarantee for the Borrower Obligations or
any right of offset with respect thereto, and any failure by any Guaranteed
Creditor to make any such demand, to pursue such other rights or remedies or to
collect any payments from the Borrower, any other Guarantor or any other Person
or to realize upon any such collateral security or guarantee or to exercise any
such right of offset, or any release of the Borrower, any other Guarantor or
any other Person or any such collateral security, guarantee or right of offset,
shall not relieve any Guarantor of any obligation or liability hereunder, and
shall not impair or affect the rights and remedies, whether express, implied or
available as a matter of law, of any Guaranteed Creditor against any
Guarantor.  For the purposes hereof “demand”
shall include the commencement and continuance of any legal proceedings.

Section
2.07                                Reinstatement.  The guarantee contained in this ARTICLE II
shall continue to be effective, or be reinstated, as the case may be, if at any
time payment, or any part thereof, of any of the Borrower Obligations is
rescinded or must otherwise be restored or returned by any Guaranteed Creditor
upon the insolvency, bankruptcy, dissolution, liquidation or reorganization of
the Borrower or any Guarantor, or upon or as a result of the appointment of a
receiver, intervenor or conservator of, or trustee or similar officer for, the
Borrower or any Guarantor or any substantial part of its Property, or
otherwise, all as though such payments had not been made.

Section
2.08                                Payments.  Each Guarantor hereby guarantees that
payments hereunder will be paid to the Administrative Agent, for the ratable
benefit of the Guaranteed

 8
 

Creditors,
without set-off, deduction or counterclaim, in dollars, in immediately
available funds, at the offices of the Administrative Agent specified in
Section 12.01 of the Credit Agreement.

ARTICLE III
 Grant of
Security Interest

Section 3.01                                Grant of Security Interest.  Each Pledgor hereby pledges, assigns and
transfers to the Administrative Agent, and hereby grants to the Administrative
Agent, for the ratable benefit of the Guaranteed Creditors, a security interest
in all of the following Property now owned or at any time hereafter acquired by
such Pledgor or in which such Pledgor now has or at any time in the future may
acquire any right, title or interest (collectively, the “Collateral”),
as collateral security for the prompt and complete payment and performance when
due (whether at the stated maturity, by acceleration or otherwise) of such
Pledgor’s Obligations:

(1)                                  all Pledged Securities;

(2)                                  all books and records pertaining
to the Pledged Securities; and

(3)                                  to the extent not otherwise
included, all Proceeds and products of any and all of the foregoing and all
collateral security and guarantees given by any Person with respect to any of
the foregoing.

Section
3.02                                Transfer of Pledged Securities.  To the extent the Pledge Securities
constitute “securities” under Article 8 of the UCC, all certificates or
instruments representing or evidencing such Pledged Securities shall be
delivered to and held pursuant hereto by the Administrative Agent or a Person
designated by the Administrative Agent and shall be in suitable form for
transfer by delivery, or shall be accompanied by duly executed instruments of
transfer or assignment in blank, and accompanied by any required transfer tax
stamps to effect the pledge of the Pledged Securities to the Administrative
Agent.  Notwithstanding the preceding
sentence, at the Administrative Agent’s reasonable discretion, to the extent
the Pledge Securities constitute “securities” under Article 8 of the UCC, all
such Pledged Securities must be delivered or transferred in such manner as to
permit the Administrative Agent to be a “protected purchaser” to the extent of
its security interest as provided in Section 8.303 of the UCC (if the
Administrative Agent otherwise qualifies as a protected purchaser). During the
continuance of an Event of Default, the Administrative Agent shall have the
right, at any time in its discretion and without notice, to transfer to or to
register in the name of the Administrative Agent or any of its nominees any or
all of the Pledged Securities, subject only to the revocable rights specified
in Section 6.02(b).  In addition, during
the continuance of an Event of Default, the Administrative Agent shall have the
right at any time to exchange certificates or instruments representing or
evidencing Pledged Securities for certificates or instruments of smaller or
larger denominations.

ARTICLE IV
 Representations
and Warranties

To
induce the Administrative Agent and the Lenders to enter into the Credit
Agreement and to induce the Lenders to make their respective extensions of
credit to the Borrower thereunder and to induce the Lenders (and their
Affiliates) to enter into Swap Agreements with

 9
 

the Borrower and its
Subsidiaries, each Obligor hereby represents and warrants to the Administrative
Agent and each Lender that:

Section
4.01                                Representations in Credit
Agreement.  In the case of each Guarantor, the
representations and warranties set forth in Article VII of the Credit Agreement
as they relate to such Guarantor or to the Loan Documents to which such
Guarantor is a party are true and correct in all material respects, provided
that each reference in each such representation and warranty to the Borrower’s
knowledge shall, for the purposes of this Section 4.01, be deemed to be a
reference to such Guarantor’s knowledge.

Section
4.02                                Title;
No Other Liens.  Except for the security interest granted to
the Administrative Agent for the ratable benefit of the Guaranteed Creditors
pursuant to this Agreement, such Pledgor is the record and beneficial owner of
its respective items of the Collateral free and clear of any and all Liens and
has rights in or the power to transfer each item of the Collateral in which a
Lien is granted by it hereunder, free and clear of any Lien.  No financing statement or other public notice
with respect to all or any part of the Collateral is on file or of record in
any public office, except such as have been filed in favor of the
Administrative Agent, for the ratable benefit of the Guaranteed Creditors,
pursuant to this Agreement or the Security Instruments.

Section
4.03                                Perfected
First Priority Liens.  The security interests granted pursuant to
this Agreement (a) upon the completion of the filings and the other actions
specified on Schedule 3 constitute valid perfected security interests in all of
the Collateral in favor of the Administrative Agent, for the ratable benefit of
the Guaranteed Creditors, as collateral security for such Pledgor’s
Obligations, enforceable in accordance with the terms hereof against all
creditors of such Pledgor and any Persons purporting to purchase any Collateral
from such Pledgor and (b) are prior to all other Liens on the Collateral in
existence on the date hereof.

Section
4.04                                Obligor
Information.  On the date hereof, the correct legal name of
such Obligor, all names and trade names that such Obligor has used in the last
five years, such Obligor’s jurisdiction of organization and each jurisdiction
of organization of such Obligor over the last five years, organizational number,
taxpayor identification number, and the location(s) of such Obligor’s chief
executive office or sole place of business over the last five years are
specified on Schedule 4.

 10
 

Section 4.05                                Pledged
Securities.

(a)                                               The Pledged Securities required
to be pledged hereunder and under the Credit Agreement by such Pledgor are
listed in Schedule 2.  The shares of
Pledged Securities pledged by such Pledgor hereunder constitute all the issued
and outstanding shares of all classes of the Equity Interests of each Issuer
owned by such Pledgor.  All the shares of
the Pledged Securities have been duly and validly issued and are fully paid and
nonassessable; and such Pledgor is the record and beneficial owner of, and has
good title to, the Pledged Securities pledged by it hereunder, free of any and
all Liens or options in favor of, or claims of, any other Person, except the
security interest created by this Agreement, and has rights in or the power to
transfer the Pledged Securities in which a Lien is granted by it hereunder,
free and clear of any Lien.

(b)                                              There are no restrictions on
transfer (that have not been waived or otherwise consented to) in the LLC
Agreement governing any Pledged LLC Interest and the Partnership Agreement
governing any Pledged Partnership Interest or any other agreement relating
thereto which would limit or restrict (i) the grant of a security interest in
the Pledged LLC Interests and the Pledged Partnership Interests, (ii) the
perfection of such security interest or (iii) the exercise of remedies in
respect of such perfected security interest in the Pledged LLC Interests and
the Pledged Partnership Interests, in each case, as contemplated by this
Agreement.  Upon the exercise of remedies
in respect of the Pledged LLC Interests and the Pledged Partnership Interests,
a transferee or assignee of a membership interest or partnership interest, as
the case may be, of such LLC or Partnership, as the case may be, shall become a
member or partner, as the case may be, of such LLC or Partnership, as the case may
be, entitled to participate in the management thereof and, upon the transfer of
the entire interest of such Pledgor, such Pledgor ceases to be a member or
partner, as the case may be.

Section
4.06                                Benefit
to the Guarantor.  The Borrower is a member of an affiliated
group of companies that includes each Guarantor, and the Borrower and the other
Guarantors are engaged in related businesses. 
Each Guarantor is a Subsidiary of the Borrower and its guaranty and
surety obligations pursuant to this Agreement reasonably may be expected to
benefit, directly or indirectly, it; and it has determined that this Agreement
is necessary and convenient to the conduct, promotion and attainment of the
business of such Guarantor and the Borrower.

Section
4.07                                Solvency.  Each Obligor (a) is not insolvent as of the
date hereof and will not be rendered insolvent as a result of this Agreement
(after giving effect to Section 2.02), (b) is not engaged in business or a
transaction, or about to engage in a business or a transaction, for which any
Property remaining with it constitutes unreasonably small capital, and (c) does
not intend to incur, or believe it will incur, Debt that will be beyond its
ability to pay as such Debt matures.

ARTICLE V
 Covenants

Each
Obligor covenants and agrees with the Administrative Agent and the Lenders
that, from and after the date of this Agreement until the Borrower Obligations
shall have been paid in

 11
 

full in cash, no Letter of
Credit shall be outstanding and all of the Commitments shall have terminated:

Section
5.01                                Maintenance
of Perfected Security Interest; Further Documentation.  Each Pledgor agrees that:

(a)                                               it shall maintain the security
interest created by this Agreement as a perfected security interest having at
least the priority described in Section 4.03 and shall defend such security
interest against the claims and demands of all Persons whomsoever.

(b)                                              it will furnish to the
Administrative Agent from time to time statements and schedules further
identifying and describing the Collateral and such other reports in connection
with the Collateral as the Administrative Agent may reasonably request, all in
reasonable detail.

(c)                                               At any time and from time to
time, upon the written request of the Administrative Agent, and at the sole
expense of such Pledgor, it will promptly and duly execute and deliver, and
have recorded, such further instruments and documents and take such further
actions as the Administrative Agent may reasonably deem necessary for the
purpose of obtaining or preserving the full benefits of this Agreement and of
the rights and powers herein granted, including, without limitation, the
delivery of certificated securities  and
the filing of any financing or continuation statements under the UCC (or other
similar laws) in effect in any jurisdiction with respect to the security
interests created hereby.

Section
5.02                                Changes
in Locations, Name, Etc.  Such Obligor
recognizes that financing statements pertaining to the Collateral have been or
may be filed where such Obligor maintains any Collateral or is organized.  Without limitation of Section 8.01(l) of the
Credit Agreement or any other covenant herein, such Obligor will not cause or
permit any change in its (a) corporate name or in any trade name used to
identify it in the conduct of its business or in the ownership of its
Properties, (b) the location of its chief executive office or principal place
of business, (c) its identity or corporate structure or in the jurisdiction in
which it is incorporated or formed, (d) its jurisdiction of organization or its
organizational identification number in such jurisdiction of organization or
(e) its federal taxpayer identification number, unless, in each case, such
Obligor shall (i) notify the Administrative Agent of such change within ten
(10) days after any such change, and (ii) take all action reasonably requested
by the Administrative Agent for the purpose of maintaining the perfection and
priority of the Administrative Agent’s security interests under this
Agreement.  In any notice furnished pursuant
to this Section 5.02, such Obligor will expressly state in a conspicuous manner
that the notice is required by this Agreement and contains facts that may
require additional filings of financing statements or other notices for the
purposes of continuing perfection of the Administrative Agent’s security
interest in the Collateral.  At the
request of the Administrative Agent, on or prior to the occurrence of such
event, the Borrower will provide to the Administrative Agent and the Lenders an
opinion of counsel, in form and substance reasonably satisfactory to the
Administrative Agent, to the effect that such event will not impair the
validity of the security interests hereunder, the perfection and priority
thereof, the enforceability of the Loan Documents, and such other matters as
may be reasonably requested by the Administrative Agent.

 12
 

Section
5.03                                Pledged
Securities.

(a)                                               If such Pledgor shall become
entitled to receive or shall receive any stock certificate (including, without
limitation, any certificate representing a stock dividend or a distribution in
connection with any reclassification, increase or reduction of capital or any
certificate issued in connection with any reorganization), option or rights in
respect of the Equity Interests of any Issuer, whether in addition to, in
substitution of, as a conversion of, or in exchange for, any shares of the
Pledged Securities, or otherwise in respect thereof, such Pledgor shall accept
the same as the agent of the Guaranteed Creditors, hold the same in trust for
the Guaranteed Creditors, segregated from other Property of such Pledgor, and
deliver the same forthwith to the Administrative Agent in the exact form
received, duly indorsed by such Pledgor to the Administrative Agent, if
required, together with an undated stock power covering such certificate duly
executed in blank by such Pledgor and with, if the Administrative Agent so
requests, signature guaranteed, to be held by the Administrative Agent, subject
to the terms hereof, as additional collateral security for the Obligations.

(b)                                              Without the prior written
consent of the Administrative Agent, such Pledgor will not (i) unless otherwise
expressly permitted hereby or under the other Loan Documents, vote to enable,
or take any other action to permit, any Issuer to issue any Equity Interests of
any nature or to issue any other securities convertible into or granting the
right to purchase or exchange for any Equity Interests of any nature of any
Issuer, (ii) sell, assign, transfer, exchange, or otherwise dispose of, or
grant any option with respect to, the Pledged Securities or Proceeds thereof
(except pursuant to a transaction expressly permitted by the Credit Agreement),
(iii) create, incur or permit to exist any Lien or option in favor of, or any
claim of any Person with respect to, any of the Pledged Securities or Proceeds
thereof, or any interest therein, except for the security interests created by
this Agreement or (iv) enter into any agreement or undertaking restricting the
right or ability of such Pledgor or the Administrative Agent to sell, assign or
transfer any of the Pledged Securities or Proceeds thereof.

(c)                                               In the case of each Pledgor that
is an Issuer, such Issuer agrees that (i) it will be bound by the terms of this
Agreement relating to the Pledged Securities issued by it and will comply with
such terms insofar as such terms are applicable to it, (ii) it will notify the
Administrative Agent promptly in writing of the occurrence of any of the events
described in Section 5.03(a) with respect to the Pledged Securities issued by
it and (iii) the terms of Sections Section 6.02(a) and Section 6.03 shall apply
to it, mutatis
mutandis, with respect to all actions that may be required of it
pursuant to Section 6.02(d) or Section 6.03 with respect to the Pledged
Securities issued by it.

(d)                                              In the case of each Pledgor that
is a partner in a Partnership, such Pledgor hereby consents to the extent
required by the applicable Partnership Agreement to the pledge by each other
Pledgor, pursuant to the terms hereof, of the Pledged Partnership Interests in
such Partnership and to the transfer of such Pledged Partnership Interests to
the Administrative Agent or its nominee and to the substitution of the
Administrative Agent or its nominee as a substituted partner in such
Partnership with all the rights, powers and duties of a general partner or a
limited partner, as the case may be.  In
the case of each Pledgor member of an LLC, such Pledgor hereby consents to the
extent required by the applicable LLC Agreement to the pledge by each other
Pledgor, pursuant to the terms hereof, of the Pledged LLC Interests in such LLC
and to the

 13
 

transfer of
such Pledged LLC Interests to the Administrative Agent or its nominee and to
the substitution of the Administrative Agent or its nominee as a substituted
member of the LLC with all the rights, powers and duties of a member of the LLC
in question.

(e)                                               Such Pledgor shall not agree to
any amendment of a Partnership Agreement or LLC Agreement that in any way
adversely affects the perfection of the security interest of the Administrative
Agent in the Pledged Partnership Interests or Pledged LLC Interests pledged by
such Pledgor hereunder, including any amendment electing to treat the
membership interest or partnership interest of such Pledgor as a security under
Section 8-103 of the UCC without the prior written consent of the
Administrative Agent.

(f)                                                 Each Pledgor shall furnish to
the Administrative Agent such stock powers and other instruments as may be
required by the Administrative Agent to assure the transferability of the
Pledged Securities when and as often as may be reasonably requested by the
Administrative Agent.

(g)                                              The Pledged Securities will at
all times constitute not less than 100% of the Equity Interests of the Issuer
thereof owned by any Pledgor.  Each
Pledgor will not permit any Issuer of any of the Pledged Securities to issue
any new shares of any class of Equity Interests of such Issuer without the
prior written consent of the Administrative Agent.

ARTICLE VI
 Remedial Provisions

Section
6.01                                Code
and Other Remedies.

(a)                                               Upon the occurrence and during
the continuance of an Event of Default, the Administrative Agent, on behalf of
the Guaranteed Creditors, may exercise, in addition to all other rights and
remedies granted to them in this Agreement, the other Loan Documents and in any
other instrument or agreement securing, evidencing or relating to the
Obligations, all rights and remedies of a secured party under the UCC or any
other applicable law or otherwise available at law or equity.  Without limiting the generality of the
foregoing, the Administrative Agent, without demand of performance or other
demand, presentment, protest, advertisement or notice of any kind (except any
notice required by law referred to below) to or upon any Pledgor or any other
Person (all and each of which demands, defenses, advertisements and notices are
hereby waived), may in such circumstances forthwith collect, receive,
appropriate and realize upon the Collateral, or any part thereof, and/or may forthwith
sell, lease, assign, give option or options to purchase, or otherwise dispose
of and deliver the Collateral or any part thereof (or contract to do any of the
foregoing), in one or more parcels at public or private sale or sales, at any
exchange, broker’s board or office of any Guaranteed Creditor or elsewhere upon
such terms and conditions as it may deem advisable and at such prices as it may
deem best, for cash or on credit or for future delivery without assumption of
any credit risk.  Any Guaranteed Creditor
shall have the right upon any such public sale or sales, and, to the extent
permitted by law, upon any such private sale or sales, to purchase the whole or
any part of the Collateral so sold, free of any right or equity of redemption
in any Pledgor, which right or equity is hereby waived and released.  If applicable to any particular item of
Collateral, each Pledgor further agrees, at the Administrative Agent’s request,
to assemble the Collateral and make it available to the

 14
 

Administrative
Agent at places which the Administrative Agent shall reasonably select, whether
at such Pledgor’s premises or elsewhere. 
Any such sale or transfer by the Administrative Agent either to itself
or to any other Person shall be absolutely free from any claim of right by
Pledgor, including any equity or right of redemption, stay or appraisal which
Pledgor has or may have under any rule of law, regulation or statute now
existing or hereafter adopted (and such Pledgor hereby waives any rights it may
have in respect thereof).  Upon any such
sale or transfer, the Administrative Agent shall have the right to deliver,
assign and transfer to the purchaser or transferee thereof the Collateral so
sold or transferred.  The Administrative
Agent shall apply the net proceeds of any action taken by it pursuant to this
Section 6.01, after deducting all reasonable costs and expenses of every kind
incurred in connection therewith or incidental to the care or safekeeping of
any of the Collateral or in any way relating to the Collateral or the rights of
the Administrative Agent and the Guaranteed Creditors hereunder, including,
without limitation, reasonable attorneys’ fees and disbursements, to the
payment in whole or in part of the Obligations, in accordance with Section
10.02(c) of the Credit Agreement, and only after such application and after the
payment by the Administrative Agent of any other amount required by any
provision of law, including, without limitation, Section 9.615 of the UCC, need
the Administrative Agent account for the surplus, if any, to any Pledgor.  To the extent permitted by applicable law,
each Pledgor waives all claims, damages and demands it may acquire against the
Administrative Agent or any Guaranteed Creditor arising out of the exercise by
them of any rights hereunder except to the extent caused by the gross
negligence or willful misconduct of the Administrative Agent or such Guaranteed
Creditor or their respective agents.  If
any notice of a proposed sale or other disposition of Collateral shall be
required by law, such notice shall be deemed reasonable and proper if given at
least 10 days before such sale or other disposition.

(b)                                              In the event that the
Administrative Agent elects not to sell the Collateral, the Administrative
Agent retains its rights to dispose of or utilize the Collateral or any part or
parts thereof in any manner authorized or permitted by law or in equity, and to
apply the proceeds of the same towards payment of the Obligations.  Each and every method of disposition of the
Collateral described in this Agreement shall constitute disposition in a
commercially reasonable manner.

(c)                                               The Administrative Agent may
appoint any Person as agent to perform any act or acts necessary or incident to
any sale or transfer of the Collateral.

Section
6.02                                Pledged
Securities.

(a)                                               Unless an Event of Default shall
have occurred and be continuing and the Administrative Agent shall have given
notice to the relevant Pledgor of the Administrative Agent’s intent to exercise
its corresponding rights pursuant to Section 6.02(c), each Pledgor shall be
permitted to receive all cash dividends paid in respect of the Pledged
Securities paid in the normal course of business of the relevant Issuer (other
than liquidating or distributing dividends), to the extent permitted in the
Credit Agreement.  Any sums paid upon or
in respect of any Pledged Securities upon the liquidation or dissolution of any
issuer of any Pledged Securities, any distribution of capital made on or in
respect of any Pledged Securities or any property distributed upon or with
respect to any Pledged Securities pursuant to the recapitalization or
reclassification of the capital of any issuer of Pledged Collateral or pursuant
to the reorganization thereof shall, unless otherwise subject to a perfected
security interest in favor of the

 15
 

Administrative
Agent, be delivered to the Administrative Agent to be held by it hereunder as
additional collateral security for the Obligations.  If any sum of money or property so paid or
distributed in respect of any Pledged Securities shall be received by such
Pledgor, such Pledgor shall, until such money or property is paid or delivered
to the Administrative Agent, hold such money or property in trust for the
Administrative Agent, segregated from other funds of such Pledgor, as
additional security for the Obligations.

(b)                                              Unless an Event of Default shall
have occurred and be continuing and the and the Administrative Agent shall have
given notice to the relevant Pledgor of the Administrative Agent’s intent to
exercise its corresponding rights pursuant to Section 6.02(c), each Pledgor
shall be entitled to exercise all voting, consent and corporate, partnership or
limited liability rights with respect to the Pledged Securities; provided,
however, that no vote shall be cast, consent given or right exercised or other
action taken by such Pledgor that would impair the Collateral, be inconsistent
with or result in any violation of any provision of the Credit Agreement, this
Agreement or any other Loan Document or, without the prior consent of the
Administrative Agent and the Lenders, enable or permit any issuer of Pledged
Collateral to issue any Equity Interest or to issue any other securities
convertible into or granting the right to purchase or exchange for any Stock of
any issuer of Pledged Collateral other than as permitted by the Credit
Agreement.

(c)                                               Upon the occurrence and during
the continuance of an Event of Default, upon notice by the Administrative Agent
of its intent to exercise such rights to the relevant Pledgor or Pledgors, (i)
the Administrative Agent shall have the right to receive any and all cash
dividends, payments, Property or other Proceeds paid in respect of the Pledged
Securities and make application thereof to the Borrower Obligations in
accordance with Section 10.02(c) of the Credit Agreement, and (ii) any or all
of the Pledged Securities shall be registered in the name of the Administrative
Agent or its nominee, and (iii) the Administrative Agent or its nominee may
exercise (A) all voting, consent, corporate, partnership or limited liability
and other rights pertaining to such Pledged Securities at any meeting of
shareholders, partners or members (or other equivalent body), as the case may
be, of the relevant Issuer or Issuers or otherwise and (B) any and all rights
of conversion, exchange and subscription and any other rights, privileges or
options pertaining to such Pledged Securities as if it were the absolute owner
thereof (including, without limitation, the right to exchange at its discretion
any and all of the Pledged Securities upon the merger, consolidation,
reorganization, recapitalization or other fundamental change in the
organizational structure of any Issuer, or upon the exercise by any Pledgor or
the Administrative Agent of any right, privilege or option pertaining to such
Pledged Securities, and in connection therewith, the right to deposit and
deliver any and all of the Pledged Securities with any committee, depositary,
transfer agent, registrar or other designated agency upon such terms and
conditions as the Administrative Agent may determine), all without liability
except to account for Property actually received by it, but the Administrative
Agent shall have no duty to any Pledgor to exercise any such right, privilege
or option and shall not be responsible for any failure to do so or delay in so
doing.

(d)                                              Upon the occurrence and during
the continuance of an Event of Default, in order to permit the Administrative
Agent to exercise the voting and other consensual rights that it may be
entitled to exercise pursuant hereto and to receive all dividends and other
distributions that it may be entitled to receive hereunder, (i) each Pledgor
shall promptly execute and deliver

 16

(or cause to be
executed and delivered) to the Administrative Agent all such proxies, dividend
payment orders and other instruments as the Administrative Agent may from time
to time reasonably request and (ii) without limiting the effect of clause (i)
above, such Pledgor hereby grants to the Administrative Agent an irrevocable
proxy to vote all or any part of the Pledged Securities and to exercise all
other rights, powers, privileges and remedies to which a holder of the Pledged
Securities would be entitled (including giving or withholding written consents
of shareholders, partners or members, as the case may be, calling special
meetings of shareholders, partners or members, as the case may be, and voting
at such meetings), which proxy shall be effective, automatically and without
the necessity of any action (including any transfer of any Pledged Securities
on the record books of the Issuer thereof) by any other Person (including the
Issuer of such Pledged Collateral or any officer or agent thereof).

(e)                                               Each Pledgor hereby authorizes
and instructs each Issuer of any Pledged Securities pledged by such Pledgor
hereunder to (i) comply with any instruction received by it from the
Administrative Agent in writing that (A) states that an Event of Default has
occurred and is continuing and (B) is otherwise in accordance with the terms of
this Agreement, without any other or further instructions from such Pledgor,
and each Pledgor agrees that each Issuer shall be fully protected in so
complying, and (ii) unless otherwise expressly permitted hereby, pay any
dividends or other payments with respect to the Pledged Securities directly to
the Administrative Agent.

(f)                                                 Upon the occurrence and during
the continuance of an Event of Default, if the Issuer of any Pledged Securities
is the subject of bankruptcy, insolvency, receivership, custodianship or other
proceedings under the supervision of any Governmental Authority, then all
rights of the Pledgor in respect thereof to exercise the voting and other
consensual rights which such Pledgor would otherwise be entitled to exercise
with respect to the Pledged Securities issued by such Issuer shall cease, and
all such rights shall thereupon become vested in the Administrative Agent who
shall thereupon have the sole right to exercise such voting and other
consensual rights, but the Administrative Agent shall have no duty to exercise
any such voting or other consensual rights and shall not be responsible for any
failure to do so or delay in so doing.

Section
6.03                                Private Sales of Pledged
Securities.

(a)                                               Each Pledgor recognizes that the
Administrative Agent may be unable to effect a public sale of any or all the
Pledged Securities, by reason of certain prohibitions contained in the
Securities Act and applicable state securities laws or otherwise or may
determine that a public sale is impracticable or not commercially reasonable
and, accordingly, may resort to one or more private sales thereof to a
restricted group of purchasers which will be obliged to agree, among other
things, to acquire such securities for their own account for investment and not
with a view to the distribution or resale thereof.  Each Pledgor acknowledges and agrees that any
such private sale may result in prices and other terms less favorable than if
such sale were a public sale and, notwithstanding such circumstances, agrees
that any such private sale shall be deemed to have been made in a commercially
reasonable manner.  The Administrative
Agent shall be under no obligation to delay a sale of any of the Pledged
Securities for the period of time necessary to permit the Issuer thereof to
register such securities

 17
 

for public sale
under the Securities Act, or under applicable state securities laws, even if
such Issuer would agree to do so.

(b)                                              Each Pledgor agrees to use commercially
reasonable efforts to do or cause to be done all such other acts as may
reasonably be necessary to make such sale or sales of all or any portion of the
Pledged Securities pursuant to this Section 6.03 valid and binding and in
compliance with any and all other applicable Governmental Requirements.  Each Pledgor further agrees that a breach of
any of the covenants contained in this Section 6.03 will cause irreparable
injury to the Guaranteed Creditors, that the Guaranteed Creditors have no
adequate remedy at law in respect of such breach and, as a consequence, that
each and every covenant contained in this Section 6.03 shall be specifically
enforceable against such Pledgor, and such Pledgor hereby waives and agrees not
to assert any defenses against an action for specific performance of such
covenants except for a defense that no Event of Default has occurred or is
continuing under the Credit Agreement.

Section
6.04                                Waiver; Deficiency.  Each Pledgor shall remain liable for any
deficiency if the proceeds of any sale or other disposition of the Collateral
are insufficient to pay its Obligations and the fees and disbursements of any
attorneys employed by the Administrative Agent or any Guaranteed Creditor to
collect such deficiency.

Section
6.05                                Non-Judicial Enforcement.  The Administrative Agent may enforce its
rights hereunder without prior judicial process or judicial hearing, and to the
extent permitted by law, each Pledgor expressly waives any and all legal rights
which might otherwise require the Administrative Agent to enforce its rights by
judicial process.

ARTICLE VII
 The
Administrative Agent

Section
7.01                                Administrative Agent’s
Appointment as Attorney-in-Fact, Etc.

(a)                                               Each Pledgor hereby irrevocably
constitutes and appoints the Administrative Agent and any officer or agent
thereof, with full power of substitution, as its true and lawful
attorney-in-fact with full irrevocable power and authority in the place and
stead of such Pledgor and in the name of such Pledgor or in its own name, for
the purpose of carrying out the terms of this Agreement, to take any and all
reasonably appropriate action and to execute any and all documents and
instruments which may be reasonably necessary or desirable to accomplish the
purposes of this Agreement, and, without limiting the generality of the
foregoing, each Pledgor hereby gives the Administrative Agent the power and
right, on behalf of such Pledgor, without notice to or assent by such Pledgor,
to do any or all of the following:

(i)                                                in the name of such Pledgor or its
own name, or otherwise, take possession of and indorse and collect any check,
draft, note, acceptance or other instrument for the payment of moneys due with
respect to any Collateral and file any claim or take any other action or
proceeding in any court of law or equity or otherwise deemed appropriate by the
Administrative Agent for the purpose of collecting any such moneys due with
respect to any other Collateral whenever payable;

 18
 

(ii)                                             unless being disputed under
Section 8.04 of the Credit Agreement, pay or discharge Taxes and Liens levied
or placed on or threatened against the Collateral, effect any repairs or any
insurance called for by the terms of this Agreement or any other Loan Document
and pay all or any part of the premiums therefor and the costs thereof;

(iii)                                          execute, in connection with any
sale provided for in Section 6.01 or Section 6.03, any endorsements,
assignments or other instruments of conveyance or transfer with respect to the
Collateral; and

(iv)                                         (A) direct any party liable for
any payment under any of the Collateral to make payment of any and all moneys
due or to become due thereunder directly to the Administrative Agent or as the
Administrative Agent shall direct; (B) ask or demand for, collect, and receive
payment of and receipt for, any and all moneys, claims and other amounts due or
to become due at any time in respect of or arising out of any Collateral; (C)
commence and prosecute any suits, actions or proceedings at law or in equity in
any court of competent jurisdiction to collect the Collateral or any portion
thereof and to enforce any other right in respect of any Collateral; (D) defend
any suit, action or proceeding brought against such Pledgor with respect to any
Collateral; (E) settle, compromise or adjust any such suit, action or
proceeding and, in connection therewith, give such discharges or releases as
the Administrative Agent may deem appropriate; and (F) generally, sell,
transfer, pledge and make any agreement with respect to or otherwise deal with
any of the Collateral as fully and completely as though the Administrative
Agent were the absolute owner thereof for all purposes, and do, at the
Administrative Agent’s option and such Pledgor’s expense, at any time, or from
time to time, all acts and things which the Administrative Agent deems
necessary to protect, preserve or realize upon the Collateral and the
Administrative Agent’s and the Guaranteed Creditors’ security interests therein
and to effect the intent of this Agreement, all as fully and effectively as
such Pledgor might do.

Anything
in this Section 7.01(a) to the contrary notwithstanding, the Administrative
Agent agrees that it will not exercise any rights under the power of attorney
provided for in this Section 7.01(a) unless an Event of Default shall have
occurred and be continuing.

(b)                                              If any Obligor fails to perform
or comply with any of its agreements contained herein within the applicable
grace periods, the Administrative Agent, at its option, but without any
obligation so to do, may perform or comply, or otherwise cause performance or
compliance, with such agreement.

(c)                                               The expenses of the
Administrative Agent incurred in connection with actions undertaken as provided
in this Section 7.01, together with interest thereon at a rate per annum equal
to the post-default rate specified in Section 3.02(c) of the Credit Agreement,
but in no event to exceed the Highest Lawful Rate, from the date of payment by
the Administrative Agent to the date reimbursed by the relevant Obligor, shall
be payable by such Obligor to the Administrative Agent on demand.

(d)                                              Each Obligor hereby ratifies all
that said attorneys shall lawfully do or cause to be done by virtue and in
compliance hereof.  All powers,
authorizations and agencies

 19
 

contained in
this Agreement are coupled with an interest and are irrevocable until this
Agreement is terminated.

Section
7.02                                Duty
of Administrative Agent.  The Administrative
Agent’s sole duty with respect to the custody, safekeeping and physical
preservation of the Collateral in its possession, under Section  9.207 of the UCC or otherwise, shall be to
deal with it in the same manner as the Administrative Agent deals with similar
Property for its own account and the Administrative Agent shall be deemed to
have exercised reasonable care in the custody and preservation of the
Collateral in its possession if the Collateral is accorded treatment
substantially equal to that which comparable secured parties accord comparable
collateral.  Neither the Administrative
Agent, any Guaranteed Creditor nor any of their Related Parties shall be liable
for failure to demand, collect or realize upon any of the Collateral or for any
delay in doing so or shall be under any obligation to sell or otherwise dispose
of any Collateral upon the request of any Pledgor or any other Person or to
take any other action whatsoever with regard to the Collateral or any part
thereof.  The powers conferred on the
Administrative Agent and the Guaranteed Creditors hereunder are solely to
protect the Administrative Agent’s and the Guaranteed Creditors’ interests in
the Collateral and shall not impose any duty upon the Administrative Agent or
any Guaranteed Creditor to exercise any such powers.  The Administrative Agent and the Guaranteed
Creditors shall be accountable only for amounts that they actually receive as a
result of the exercise of such powers, and neither they nor any of their
Related Parties shall be responsible to any Obligor for any act or failure to
act hereunder, except for their own gross negligence or willful misconduct.  To the fullest extent permitted by applicable
law, the Administrative Agent shall be under no duty whatsoever to make or give
any presentment, notice of dishonor, protest, demand for performance, notice of
non-performance, notice of intent to accelerate, notice of acceleration, or
other notice or demand in connection with any Collateral or the Obligations, or
to take any steps necessary to preserve any rights against any Pledgor or other
Person or ascertaining or taking action with respect to calls, conversions,
exchanges, maturities, tenders or other matters relative to any Collateral,
whether or not it has or is deemed to have knowledge of such matters.  Each Obligor, to the extent permitted by
applicable law, waives any right of marshaling in respect of any and all
Collateral, and waives any right to require the Administrative Agent or any
Guaranteed Creditor to proceed against any Obligor or other Person, exhaust any
Collateral or enforce any other remedy which the Administrative Agent or any
Guaranteed Creditor now has or may hereafter have against any Obligor or other
Person.

Section
7.03                                Execution of Financing
Statements.  Pursuant to the UCC and any other applicable
law, each Pledgor authorizes the Administrative Agent to file or record
financing statements and other filing or recording documents or instruments
with respect to the Collateral without the signature of such Pledgor in such
form and in such offices as the Administrative Agent reasonably determines
appropriate to perfect the security interests of the Administrative Agent under
this Agreement.  A photographic or other
reproduction of this Agreement shall be sufficient as a financing statement or
other filing or recording document or instrument for filing or recording in any
jurisdiction.

Section
7.04                                Authority of Administrative
Agent.  Each Obligor acknowledges that the rights and
responsibilities of the Administrative Agent under this Agreement with respect
to any action taken by the Administrative Agent or the exercise or non-exercise
by the

 20
 

Administrative
Agent of any option, voting right, request, judgment or other right or remedy
provided for herein or resulting or arising out of this Agreement shall, as
between the Administrative Agent and the Guaranteed Creditors, be governed by
the Credit Agreement and by such other agreements with respect thereto as may
exist from time to time among them, but, as between the Administrative Agent
and the Obligors, the Administrative Agent shall be conclusively presumed to be
acting as agent for the Guaranteed Creditors with full and valid authority so
to act or refrain from acting, and no Obligor shall be under any obligation, or
entitlement, to make any inquiry respecting such authority.

ARTICLE VIII
 Subordination
of Indebtedness

Section
8.01                                Subordination of All Obligor
Claims.  As used herein, the term “Obligor Claims” shall mean all debts and
obligations of the Borrower or any other Obligor to any other Obligor, whether
such debts and obligations now exist or are hereafter incurred or arise, or
whether the obligation of the debtor thereon be direct, contingent, primary,
secondary, several, joint and several, or otherwise, and irrespective of
whether such debts or obligations be evidenced by note, contract, open account,
or otherwise, and irrespective of the Person or Persons in whose favor such
debts or obligations may, at their inception, have been, or may hereafter be
created, or the manner in which they have been or may hereafter be acquired by
such other Obligor.  After and during the
continuation of an Event of Default, no Obligor shall receive or collect,
directly or indirectly, from any other obligor in respect thereof any amount
upon the Obligor Claims.

Section
8.02                                Claims in Bankruptcy.  In the event of receivership, bankruptcy,
reorganization, arrangement, debtor’s relief, or other insolvency proceedings
involving any Obligor, the Administrative Agent on behalf of the Administrative
Agent and the Guaranteed Creditors shall have the right to prove their claim in
any proceeding, so as to establish their rights hereunder and receive directly
from the receiver, trustee or other court custodian, dividends and payments
which would otherwise be payable upon Obligor Claims.  Each Obligor hereby assigns such dividends
and payments to the Administrative Agent for the benefit of the Administrative
Agent and the Guaranteed Creditors for application against the Borrower
Obligations as provided under Section 10.02(c) of the Credit Agreement.  Should any Agent or Guaranteed Creditor
receive, for application upon the Obligations, any such dividend or payment
which is otherwise payable to any Obligor, and which, as between such Obligors,
shall constitute a credit upon the Obligor Claims, then upon payment in full in
cash of the Borrower Obligations, the expiration of all Letters of Credit
outstanding under the Credit Agreement and the termination of all of the
Commitments, the intended recipient shall become subrogated to the rights of
the Administrative Agent and the Guaranteed Creditors to the extent that such
payments to the Administrative Agent and the Guaranteed Creditors on the
Obligor Claims have contributed toward the liquidation of the Obligations, and
such subrogation shall be with respect to that proportion of the Obligations
which would have been unpaid if the Administrative Agent and the Guaranteed
Creditors had not received dividends or payments upon the Obligor Claims.

Section
8.03                                Payments Held in Trust.  In the event that, notwithstanding Section
8.01 and Section 8.02, any Obligor should receive any funds, payments, claims
or distributions which is prohibited by such Sections, then it agrees: (a) to
hold in trust for the Administrative

 21
 

Agent and the
Guaranteed Creditors an amount equal to the amount of all funds, payments,
claims or distributions so received, and (b) that it shall have absolutely no
dominion over the amount of such funds, payments, claims or distributions
except to pay them promptly to the Administrative Agent, for the benefit of the
Guaranteed Creditors; and each Obligor covenants promptly to pay the same to
the Administrative Agent.

Section
8.04                                Liens Subordinate.  Each Obligor agrees that, until the Borrower
Obligations are paid in full in cash, no Letter of Credit shall be outstanding
and the termination of all of the Commitments, any Liens securing payment of
the Obligor Claims shall be and remain inferior and subordinate to any Liens
securing payment of the Obligations, regardless of whether such encumbrances in
favor of such Obligor, the Administrative Agent or any Guaranteed Creditor presently
exist or are hereafter created or attach. 
Without the prior written consent of the Administrative Agent, no
Obligor, during the period in which any of the Borrower Obligations are
outstanding or the Commitments are in effect, shall (a) exercise or enforce any
creditor’s right it may have against any debtor in respect of the Obligor
Claims, or (b) foreclose, repossess, sequester or otherwise take steps or
institute any action or proceeding (judicial or otherwise, including without
limitation the commencement of or joinder in any liquidation, bankruptcy,
rearrangement, debtor’s relief or insolvency proceeding) to enforce any Lien
securing payment of the Obligor Claims held by it.

Section
8.05                                Notation of Records.  Upon the request of the Administrative Agent,
all promissory notes and all accounts receivable ledgers or other evidence of
the Obligor Claims accepted by or held by any Obligor shall contain a specific
written notice thereon that the indebtedness evidenced thereby is subordinated
under the terms of this Agreement.

ARTICLE IX
 Miscellaneous

Section 9.01                                Waiver.  No failure on the part of the Administrative
Agent or any Lender to exercise and no delay in exercising, and no course of
dealing with respect to, any right, power, privilege or remedy or any
abandonment or discontinuance of steps to enforce such right, power, privilege
or remedy under this Agreement or any other Loan Document shall operate as a
waiver thereof, nor shall any single or partial exercise of any right, power,
privilege or remedy under this Agreement or any other Loan Document preclude or
be construed as a waiver of any other or further exercise thereof or the
exercise of any other right, power, privilege or remedy.  The remedies provided herein are cumulative
and not exclusive of any remedies provided by law or equity.

Section
9.02                                Notices.  All notices and other communications provided
for herein shall be given in the manner and subject to the terms of Section
12.01 of the Credit Agreement; provided that any such notice, request or demand
to or upon any Guarantor shall be addressed to such Guarantor at its notice
address set forth on Schedule 1.

Section
9.03                                Payment of Expenses,
Indemnities, Etc.

(a)                                  Each Guarantor agrees to pay or
reimburse each Guaranteed Creditor and the Administrative Agent for all
out-of-pocket expenses incurred by such Person, including the

 22
 

fees, charges
and disbursements of any counsel for the Administrative Agent or any Guaranteed
Creditor, in connection with the enforcement or protection of its rights in
connection with this Agreement or any other Loan Document, including, without
limitation, all costs and expenses incurred in collecting against such
Guarantor under the guarantee contained in ARTICLE II or otherwise enforcing or
preserving any rights under this Agreement and the other Loan Documents to
which such Guarantor is a party.

(b)                      Each Guarantor agrees to pay,
and to save the Administrative Agent and the Guaranteed Creditors harmless
from, any and all liabilities with respect to, or resulting from any delay in
paying, any and all Other Taxes which may be payable or determined to be
payable with respect to any of the Collateral or in connection with any of the
transactions contemplated by this Agreement.

(c)                       Each Guarantor agrees to pay,
and to save the Administrative Agent and the Guaranteed Creditors harmless
from, any and all liabilities, obligations, losses, damages, penalties,
actions, judgments, suits, costs, expenses or disbursements of any kind or
nature whatsoever with respect to the execution, delivery, enforcement,
performance and administration of this Agreement to the extent the Borrower
would be required to do so pursuant to Section 12.03 of the Credit Agreement.

Section
9.04                                Amendments in Writing.  None of the terms or provisions of this
Agreement may be waived, amended, supplemented or otherwise modified except in
accordance with Section 12.02 of the Credit Agreement.

Section
9.05                                Successors and Assigns.  The provisions of this Agreement shall be
binding upon the Obligors and their successors and assigns and shall inure to
the benefit of the Administrative Agent and the Guaranteed Creditors and their
respective successors and assigns; provided that except as set forth in Section
9.11 of the Credit Agreement, no Obligor may assign, transfer or delegate any
of its rights or obligations under this Agreement without the prior written
consent of the Administrative Agent and the Lenders, and any such purported
assignment, transfer or delegation shall be null and void.

Section
9.06                                Survival; Revival; Reinstatement.

(a)                       All covenants, agreements,
representations and warranties made by any Obligor herein and in the
certificates or other instruments delivered in connection with or pursuant to
this Agreement or any other Loan Document to which it is a party shall be
considered to have been relied upon by the Administrative Agent, the other
Agents, the Issuing Bank and the Lenders and shall survive the execution and
delivery of this Agreement and the making of any Loans and issuance of any
Letters of Credit, regardless of any investigation made by any such other party
or on its behalf and notwithstanding that the Administrative Agent, the other
Agents, the Issuing Bank or any Lender may have had notice or knowledge of any
Default or incorrect representation or warranty at the time any credit is
extended hereunder, and shall continue in full force and effect as long as the
principal of or any accrued interest on any Loan or any fee or any other amount
payable under the Credit Agreement is outstanding and unpaid or any Letter of
Credit is outstanding and so long as the Commitments have not expired or
terminated.  The provisions of Section
9.03 shall survive and remain in full force and effect

 23
 

regardless of
the consummation of the transactions contemplated hereby, the repayment of the
Loans, the expiration or termination of the Letters of Credit and the
Commitments or the termination of this Agreement, any other Loan Document or
any provision hereof or thereof.

(b)                                              To the extent that any payments
on the Guarantor Obligations or proceeds of any Collateral are subsequently
invalidated, declared to be fraudulent or preferential, set aside or required
to be repaid to a trustee, debtor in possession, receiver or other Person under
any bankruptcy law, common law or equitable cause, then to such extent, the
Guarantor Obligations so satisfied shall be revived and continue as if such
payment or proceeds had not been received and the Administrative Agent’s and
the Guaranteed Creditors’ Liens, security interests, rights, powers and
remedies under this Agreement and each other Loan Document shall continue in
full force and effect.  In such event,
each Loan Document shall be automatically reinstated and the Borrower shall
take such action as may be reasonably requested by the Administrative Agent and
the Guaranteed Creditors to effect such reinstatement.

Section
9.07                                Counterparts; Integration;
Effectiveness.

(a)                                               This Agreement may be executed
in counterparts (and by different parties hereto on different counterparts),
each of which shall constitute an original, but all of which when taken
together shall constitute a single contract.

(b)                                              This Agreement, the other Loan
Documents and any separate letter agreements with respect to fees payable to
the Administrative Agent constitute the entire contract among the parties
relating to the subject matter hereof and thereof and supersede any and all
previous agreements and understandings, oral or written, relating to the
subject matter hereof and thereof.  THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS (OTHER
THAN THE LETTERS OF CREDIT AND THE LETTER OF CREDIT AGREEMENTS) REPRESENT THE
FINAL AGREEMENT AMONG THE PARTIES HERETO AND THERETO AND MAY NOT BE
CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPERANEOUS OR SUBSEQUENT ORAL
AGREEMENTS OF THE PARTIES.  THERE ARE NO
UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES.

(c)                                               This Agreement shall become
effective when it shall have been executed by the Administrative Agent and when
the Administrative Agent shall have received counterparts hereof which, when
taken together, bear the signatures of each of the other parties hereto, and
thereafter shall be binding upon and inure to the benefit of the parties
hereto, the Lenders and their respective successors and assigns.  Delivery of an executed counterpart of a
signature page of this Agreement by telecopy shall be effective as delivery of
a manually executed counterpart of this Agreement.

Section
9.08                                Severability.  Any provision of this Agreement or any other
Loan Document held to be invalid, illegal or unenforceable in any jurisdiction
shall, as to such jurisdiction, be ineffective to the extent of such
invalidity, illegality or unenforceability without affecting the validity,
legality and enforceability of the remaining provisions hereof or thereof; and
the invalidity of a particular provision in a particular jurisdiction shall not
invalidate such provision in any other jurisdiction.

 24
 

Section
9.09                                Set-Off.  If an Event of Default shall have occurred
and be continuing, each Lender and each of its Affiliates is hereby authorized
at any time and from time to time, to the fullest extent permitted by law, to
set off and apply any and all deposits (general or special, time or demand,
provisional or final) at any time held and other obligations (of whatsoever kind,
including, without limitations obligations under Swap Agreements) at any time
owing by such Lender or Affiliate to or for the credit or the account of any
Obligor against any of and all the obligations of the Obligor owed to such
Lender now or hereafter existing under this Agreement or any other Loan
Document, irrespective of whether or not such Lender shall have made any demand
under this Agreement or any other Loan Document and although such obligations
may be unmatured.  The rights of each
Lender under this Section 9.09 are in addition to other rights and remedies
(including other rights of setoff) which such Lender or its Affiliates may
have.

Section
9.10                                Governing Law; Submission to
Jurisdiction.

(a)                                               THIS AGREEMENT SHALL BE GOVERNED
BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF TEXAS.

(b)                                              ANY LEGAL ACTION OR PROCEEDING
WITH RESPECT TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT SHALL BE BROUGHT IN
THE COURTS OF THE STATE OF TEXAS OR OF THE UNITED STATES OF AMERICA FOR THE
SOUTHERN DISTRICT OF TEXAS, AND, BY EXECUTION AND DELIVERY OF THIS AGREEMENT,
EACH OF THE PARTIES HEREBY ACCEPTS FOR ITSELF AND (TO THE EXTENT PERMITTED BY
LAW) IN RESPECT OF ITS PROPERTY, GENERALLY AND UNCONDITIONALLY, THE
JURISDICTION OF THE AFORESAID COURTS. 
EACH PARTY HEREBY IRREVOCABLY WAIVES ANY OBJECTION, INCLUDING, WITHOUT
LIMITATION, ANY OBJECTION TO THE LAYING OF VENUE OR BASED ON THE GROUNDS OF
FORUM NON CONVENIENS, WHICH IT MAY NOW OR HEREAFTER HAVE TO THE BRINGING OF ANY
SUCH ACTION OR PROCEEDING IN SUCH RESPECTIVE JURISDICTIONS.  THIS SUBMISSION TO JURISDICTION IS
NON-EXCLUSIVE AND DOES NOT PRECLUDE A PARTY FROM OBTAINING JURISDICTION OVER
ANOTHER PARTY IN ANY COURT OTHERWISE HAVING JURISDICTION.

(c)                                               EACH PARTY IRREVOCABLY CONSENTS
TO THE SERVICE OF PROCESS OF ANY OF THE AFOREMENTIONED COURTS IN ANY SUCH
ACTION OR PROCEEDING BY THE MAILING OF COPIES THEREOF BY REGISTERED OR
CERTIFIED MAIL, POSTAGE PREPAID, TO IT AT THE ADDRESS SPECIFIED IN SECTION
12.01 OF THE CREDIT AGREEMENT (OR SUCH OTHER ADDRESS AS IS SPECIFIED PURSUANT
TO SECTION 12.01 OF THE CREDIT AGREEMENT) OR SCHEDULE 1 HERETO, AS APPLICABLE,
SUCH SERVICE TO BECOME EFFECTIVE THIRTY (30) DAYS AFTER SUCH MAILING.  NOTHING HEREIN SHALL AFFECT THE RIGHT OF A
PARTY OR ANY HOLDER OF A NOTE TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY
LAW OR TO COMMENCE LEGAL PROCEEDINGS OR OTHERWISE PROCEED AGAINST ANOTHER PARTY
IN ANY OTHER JURISDICTION.

(d)                                              EACH PARTY HEREBY (1)
IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW,

 25
 

TRIAL BY JURY
IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER LOAN
DOCUMENT AND FOR ANY COUNTERCLAIM THEREIN; (2) IRREVOCABLY WAIVES, TO THE
MAXIMUM EXTENT NOT PROHIBITED BY LAW, ANY RIGHT IT MAY HAVE TO CLAIM OR RECOVER
IN ANY SUCH LITIGATION ANY SPECIAL, EXEMPLARY, PUNITIVE OR CONSEQUENTIAL
DAMAGES, OR DAMAGES OTHER THAN, OR IN ADDITION TO, ACTUAL DAMAGES; (3)
CERTIFIES THAT NO PARTY HERETO NOR ANY REPRESENTATIVE OR AGENT OF COUNSEL FOR
ANY PARTY HERETO HAS REPRESENTED, EXPRESSLY OR OTHERWISE, OR IMPLIED THAT SUCH
PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING
WAIVERS, AND (4) ACKNOWLEDGES THAT IT HAS BEEN INDUCED TO ENTER INTO THIS
AGREEMENT, THE OTHER LOAN DOCUMENTS AND THE TRANSACTIONS CONTEMPLATED HEREBY AND
THEREBY BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS CONTAINED
IN THIS SECTION 9.10.

Section
9.11                                Headings.  Article and Section headings and the Table of
Contents used herein are for convenience of reference only, are not part of
this Agreement and shall not affect the construction of, or be taken into
consideration in interpreting, this Agreement.

Section
9.12                                Acknowledgments.  Each Obligor hereby acknowledges that:

(a)                                               it has been advised by counsel
in the negotiation, execution and delivery of this Agreement and the other Loan
Documents to which it is a party;

(b)                                              neither the Administrative Agent
nor any Guaranteed Creditor has any fiduciary relationship with or duty to any
Obligor arising out of or in connection with this Agreement or any of the other
Loan Documents, and the relationship between the Obligors, on the one hand, and
the Administrative Agent and Guaranteed Creditors, on the other hand, in
connection herewith or therewith is solely that of debtor and creditor; and

(c)                                               no joint venture is created
hereby or by the other Loan Documents or otherwise exists by virtue of the
transactions contemplated hereby among the Guaranteed Creditors or among the
Obligors and the Guaranteed Creditors.

(d)                                              Each of the parties hereto
specifically agrees that it has a duty to read this Agreement, the Security
Instruments and the other Loan Documents and agrees that it is charged with
notice and knowledge of the terms of this Agreement, the Security Instruments
and the other Loan Documents; that it has in fact read this Agreement, the
Security Instruments and the other Loan Documents and is fully informed and has
full notice and knowledge of the terms, conditions and effects thereof; that it
has been represented by independent legal counsel of its choice throughout the
negotiations preceding its execution of this Agreement and the Security
Instruments; and has received the advice of its attorney in entering into this
Agreement and the Security Instruments; and that it recognizes that certain of
the terms of this Agreement and the Security Instruments result in one party
assuming the liability inherent in some aspects of the transaction and
relieving the other party of its responsibility for such liability.  EACH PARTY
HERETO AGREES AND COVENANTS THAT IT WILL NOT CONTEST THE VALIDITY OR
ENFORCEABILITY OF ANY EXCULPATORY PROVISION OF THIS

 26
 

AGREEMENT AND THE SECURITY INSTRUMENTS ON THE BASIS THAT THE
PARTY HAD NO NOTICE OR KNOWLEDGE OF SUCH PROVISION OR THAT THE PROVISION IS NOT
“CONSPICUOUS.”

Section
9.13                                Additional Obligors and Pledgors.  Each Subsidiary of the Borrower that is
required to become a party to this Agreement pursuant to Section 8.14 of the
Credit Agreement shall become an Obligor for all purposes of this Agreement
upon execution and delivery by such Subsidiary of an Assumption Agreement and
shall thereafter have the same rights, benefits and obligations as an Obligor
party hereto on the date hereof.  Each
Guarantor that is required to pledge Equity Interests of its Subsidiaries shall
execute and deliver a Supplement, if such Equity Interests were not previously
pledged.

Section 9.14                                Releases.

(a)                                               Release Upon Payment in Full.  The grant of a security interest hereunder
and all of rights, powers and remedies in connection herewith shall remain in
full force and effect until the Administrative Agent has (i) retransferred and
delivered all Collateral in its possession to the Pledgors, and (ii) executed a
written release or termination statement and reassigned to the Pledgors without
recourse or warranty any remaining Collateral and all rights conveyed
hereby.  Upon the complete payment of the
Borrower Obligations, the termination of all of the Commitments and the
compliance by the Obligors with all covenants and agreements hereof, the
Administrative Agent, at the expense of the Borrower, will promptly release,
reassign and transfer the Collateral to the Pledgors and declare this Agreement
to be of no further force or effect.

(b)                                              Partial Releases.  If any of the Collateral shall be sold,
transferred or otherwise disposed of by any Pledgor in a transaction permitted
by the Credit Agreement, then the Administrative Agent, at the request and sole
expense of such Pledgor, shall promptly execute and deliver to such Pledgor all
releases or other documents reasonably necessary or desirable for the release
of the Liens created hereby on such Collateral and the Equity Interests of the
Issuer thereof.  At the request and sole
expense of the Borrower, a Guarantor shall be released from its obligations
hereunder in the event that all the Equity Interests of such Guarantor shall be
sold, transferred or otherwise disposed of in a transaction permitted by the
Credit Agreement; provided that the Borrower shall have delivered to the
Administrative Agent, at least ten Business Days prior to the date of the
proposed release, a written request of a Responsible Officer of the Borrower
for release identifying the relevant Guarantor and the terms of the sale or
other disposition in reasonable detail, including the price thereof and any
expenses in connection therewith, together with a certification by the Borrower
stating that such transaction is in compliance with the Credit Agreement and
the other Loan Documents.

(c)                                               Retention in Satisfaction.  Except as may be expressly applicable
pursuant to Section 9.620 of
the UCC, no action taken or omission to act by the Administrative Agent or the
Guaranteed Creditors hereunder, including, without limitation, any exercise of
voting or consensual rights or any other action taken or inaction, shall be
deemed to constitute a retention of the Collateral in satisfaction of the
Obligations or otherwise to be in full satisfaction of the Obligations, and the
Obligations shall remain in full force and effect, until the Administrative
Agent and the Guaranteed Creditors shall have applied payments (including, without
limitation, 

 27
 

collections
from Collateral) towards the Obligations in the full amount then outstanding or
until such subsequent time as is provided in Section 9.14(a).

Section
9.15                                Acceptance.  Each Obligor hereby expressly waives notice
of acceptance of this Agreement, acceptance on the part of the Administrative
Agent and the Guaranteed Creditors being conclusively presumed by their request
for this Agreement and delivery of the same to the Administrative Agent.

[Remainder
of page intentionally left blank; signature page follows]

 28

IN WITNESS WHEREOF, each of the undersigned has caused this
Guaranty and Pledge Agreement to be duly executed and delivered as of the date
first above written.

	
  BORROWER:

  	
  LINN
  ENERGY, LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/
  KOLJA ROCKOV

  
	
   

  	
   

  	
  Kolja Rockov

  
	
   

  	
   

  	
  Executive Vice President and Chief

  Financial Officer

  
	
   

  	
   

  
	
   

  	
   

  
	
  GUARANTORS:

  	
  LINN
  ENERGY HOLDINGS, LLC

  
	
   

  	
   

  
	
   

  	
  LINN
  OPERATING, INC.

  
	
   

  	
   

  
	
   

  	
  PENN
  WEST PIPELINE, LLC

  
	
   

  	
   

  
	
   

  	
  MID
  ATLANTIC WELL SERVICE,

  INC.

  
	
   

  	
   

  
	
   

  	
  LINN
  ENERGY HOLDINGS I, LLC

  
	
   

  	
   

  
	
   

  	
  LINN
  ENERGY HOLDINGS II, LLC

  
	
   

  	
   

  
	
   

  	
  MID-CONTINENT
  HOLDINGS I, LLC

  
	
   

  	
   

  
	
   

  	
  MID-CONTINENT
  HOLDINGS II, LLC

  
	
   

  	
   

  
	
   

  	
  MID-CONTINENT
  I, LLC

  
	
   

  	
   

  
	
   

  	
  MID-CONTINENT
  II, LLC

  
	
   

  	
   

  
	
   

  	
  DOMINION
  GAS MARKETING, LLC

  
	
   

  	
   

  
	
   

  	
  DOMINION
  EXPLORATION

  MIDCONTINENT, LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/
  KOLJA ROCKOV

  
	
   

  	
   

  	
  Kolja Rockov

  
	
   

  	
   

  	
  Executive Vice President and Chief

  Financial Officer

  

 

Signature Page – Guaranty
and Pledge Agreement

Acknowledged and Agreed to as

of the date hereof by:

	
  ADMINISTRATIVE AGENT:

  	
  BNP
  PARIBAS

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ DOUG LIFTMAN

  	
   

  
	
   

  	
  Name: Doug Liftman

  
	
   

  	
  Title: Managing Director

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ BETSY JOCHER

  	
   

  
	
   

  	
  Name: Betsy Jocher

  
	
   

  	
  Title: Director

  
					

 

Signature Page – Guaranty
and Pledge AgreementExhibit
10.3

Execution
Copy

REGISTRATION RIGHTS
AGREEMENT

BY AND AMONG

LINN ENERGY, LLC

AND

THE PURCHASERS NAMED
HEREIN

Table of Contents

	
  

  	
  Page

  
	
  ARTICLE I

  	
   

  
	
   

  	
   

  
	
  DEFINITIONS

  	
  1

  
	
   

  	
   

  
	
  Section 1.01   Definitions

  	
  1

  
	
  Section 1.02   Registrable Securities

  	
  3

  
	
   

  	
   

  
	
  ARTICLE II

  	
   

  
	
   

  	
   

  
	
  REGISTRATION RIGHTS

  	
  3

  
	
   

  	
   

  
	
  Section 2.01   Registration

  	
  3

  
	
  Section 2.02   Piggyback Rights

  	
  6

  
	
  Section 2.03   Underwritten Offering

  	
  7

  
	
  Section 2.04   Sale Procedures

  	
  8

  
	
  Section 2.05   Cooperation by Holders

  	
  12

  
	
  Section 2.06   Restrictions on Public Sale by Holders of
  Registrable Securities

  	
  12

  
	
  Section 2.07   Expenses

  	
  12

  
	
  Section 2.08   Indemnification

  	
  13

  
	
  Section 2.09   Rule 144 Reporting

  	
  15

  
	
  Section 2.10   Transfer or Assignment of Registration
  Rights

  	
  15

  
	
  Section 2.11   Limitation on Subsequent Registration
  Rights

  	
  15

  
	
   

  	
   

  
	
  ARTICLE III

  	
   

  
	
   

  	
   

  
	
  MISCELLANEOUS

  	
  16

  
	
   

  	
   

  
	
  Section 3.01   Communications

  	
  16

  
	
  Section 3.02   Successor and Assigns

  	
  16

  
	
  Section 3.03   Aggregation of Purchased Class D Units and
  Purchased Units

  	
  16

  
	
  Section 3.04   Recapitalization, Exchanges, Etc. Affecting
  the Units

  	
  16

  
	
  Section 3.05   Specific Performance

  	
  16

  
	
  Section 3.06   Counterparts

  	
  17

  
	
  Section 3.07   Headings

  	
  17

  
	
  Section 3.08   Governing Law

  	
  17

  
	
  Section 3.09   Severability of Provisions

  	
  17

  
	
  Section 3.10   Entire Agreement

  	
  17

  
	
  Section 3.11   Amendment

  	
  17

  
	
  Section 3.12   No Presumption

  	
  17

  
	
  Section 3.13   Obligations Limited to Parties to
  Agreement

  	
  17

  

 

REGISTRATION RIGHTS AGREEMENT

THIS REGISTRATION RIGHTS AGREEMENT (this “Agreement”)
is made and entered into as of August 31, 2007 by and among Linn Energy, LLC, a
Delaware limited liability company (“Linn Energy”), and the purchasers named in Schedule
2.01 to this Agreement (each such purchaser a “Purchaser” and,
collectively, the “Purchasers”).

WHEREAS, this Agreement is made in connection with the
Closing of the issuance and sale of the Purchased Class D Units and the
Purchased Units pursuant to the Class D Unit and Unit Purchase Agreement, dated
as of June 29, 2007, by and among Linn Energy and the Purchasers (the “Purchase
Agreement”);

WHEREAS, Linn Energy has agreed to provide the
registration and other rights set forth in this Agreement for the benefit of
the Purchasers pursuant to the Purchase Agreement; and

WHEREAS, it is a condition to the obligations of each
Purchaser and Linn Energy under the Purchase Agreement that this Agreement be
executed and delivered.

NOW THEREFORE, in consideration of the mutual
covenants and agreements set forth herein and for good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged by
each party hereto, the parties hereby agree as follows:

ARTICLE I

DEFINITIONS

Section
1.01           Definitions.  Capitalized terms used herein without
definition shall have the meanings given to them in the Purchase
Agreement.  The terms set forth below are
used herein as so defined:

“Agreement” has the meaning specified therefor
in the introductory paragraph.

“Effectiveness Period” has the meaning
specified therefor in Section 2.01(a)(i) of this Agreement.

“Holder” means the record holder of any
Registrable Securities.

“Included Registrable Securities” has the
meaning specified therefor in Section 2.02(a) of this Agreement.

“June 2007 Holders” has the meaning specified
therefor in Section 2.01(a)(i).

“June 2007 Offering Registration Statement
Effective Date” has the meaning specified therefor in
Section 2.01(a)(i).

“Linn Energy” has the meaning specified
therefor in the introductory paragraph.

“Liquidated Damages” has the meaning specified
therefor in Section 2.01(a)(ii) of this Agreement.

 1
 

“Liquidated Damages Multiplier” means (i) the
product of $30.9741 times the number of Class D Units purchased by such
Purchaser plus (ii) the product of $32.00 times the number of Units purchased
by such Purchaser.

“Linn Energy” has the meaning specified
therefor in the introductory paragraph.

“Losses” has the meaning specified therefor in
Section 2.08(a) of this Agreement.

“Managing Underwriter” means, with respect to
any Underwritten Offering, the book-running lead manager of such Underwritten
Offering.

“Opt Out Notice” has the meaning specified
therefor in Section 2.02(a) of this Agreement.

“Partners” has the meaning specified therefor
in Section 2.02(b) of this Agreement.

“Placement Agent” means Lehman Brothers Inc.,
Citigroup Global Markets Inc. or RBC Capital Markets Corporation.

“Purchase Agreement” has the meaning specified
therefor in the Recitals of this Agreement.

“Purchaser” and “Purchasers” have the
meanings specified therefor in the introductory paragraph of this Agreement.

“Purchaser Underwriter Registration Statement”
has the meaning specified therefor in Section 2.04(o) of this Agreement.

“Registrable Securities” means: (i) the
Purchased Units, (ii) the Units issuable upon conversion of the Purchased Class
D Units, (iii) any Units issued as Liquidated Damages pursuant to this
Agreement and (iv) any Units issuable upon conversion of Class D Units issued
as Liquidated Damages pursuant to this Agreement, all of which Registrable
Securities are subject to the rights provided herein until such rights
terminate pursuant to the provisions hereof.

“Registration Expenses” has the meaning
specified therefor in Section 2.07(a) of this Agreement.

“Registration Statement” has the meaning
specified therefor in Section 2.01(a)(i) of this Agreement.

“Selling Expenses” has the meaning specified
therefor in Section 2.07(a) of this Agreement.

“Selling Holder” means a Holder who is selling Registrable
Securities pursuant to a registration statement.

“Underwritten Offering” means an offering
(including an offering pursuant to a Registration Statement) in which Units are
sold to an underwriter on a firm commitment basis

 2
 

for reoffering to the public
or an offering that is a “bought deal” with one or more investment banks.

Section
1.02           Registrable
Securities.  Any Registrable Security
will cease to be a Registrable Security when: (a) a registration statement
covering such Registrable Security has been declared effective by the
Commission and such Registrable Security has been sold or disposed of pursuant
to such effective registration statement; (b) such Registrable Security has
been disposed of pursuant to any section of Rule 144 (or any similar provision
then in force) under the Securities Act; (c) such Registrable Security can be
disposed of pursuant to Rule 144(k) (or any similar provision then in force)
under the Securities Act; (d) such Registrable Security is held by Linn Energy
or one of its Subsidiaries; or (e) such Registrable Security has been sold in a
private transaction in which the transferor’s rights under this Agreement are
not assigned to the transferee of such securities.

ARTICLE II

REGISTRATION RIGHTS

Section 2.01           Registration.

(a)           Registration.

(i)            Deadline
To Go Effective.  No
earlier than the date that a registration statement (the “June 2007 Offering
Registration Statement Effective Date”) becomes effective that covers the
units sold in the June 1, 2007 private placement (the holder of such units
being the “June 2007 Holders”) but no later than 10 days after the June
2007 Offering Registration Statement Effective Date, Linn Energy shall prepare
and file a registration statement under the Securities Act to permit the resale
of the Registrable Securities from time to time, including as permitted by Rule
415 under the Securities Act (or any similar provision then in force) under the
Act with respect to all of the Registrable Securities (the “Registration
Statement”).  A Registration
Statement filed pursuant to this Section 2.01 shall be on such appropriate
registration form of the Commission as shall be selected by Linn Energy.  Linn Energy will use its commercially
reasonable efforts to cause the Registration Statement filed pursuant to this
Section 2.01 to be continuously effective under the Securities Act until the
earlier of (i) the date as of which all such Registrable Securities are sold by
the Purchasers or (ii) the date when such Registrable Securities become
eligible for resale under Rule 144(k) (or any similar provision then in force)
under the Securities Act (the “Effectiveness Period”).  The Registration Statement when declared
effective (including the documents incorporated therein by reference) shall
comply as to form with all applicable requirements of the Securities Act and
the Exchange Act and shall not contain an untrue statement of a material fact
or omit to state a material fact required to be stated therein or necessary to
make the statements therein not misleading.

(ii)           Failure
To Go Effective.  If the
Registration Statement required by Section 2.01 of this Agreement is not
declared effective within 165 days after the Closing Date, then each Purchaser
shall be entitled to a payment with respect to the Purchased Class D Units and
the Purchased Units of each such Purchaser, as liquidated damages and not as a
penalty, of 0.25% of the Liquidated Damages Multiplier per 30-day period for
the first 90 days following

 3
 

the 165th day after the Closing Date, increasing by an additional 0.25%
of the Liquidated Damages Multiplier per 30-day period for each subsequent 30
days, up to a maximum of 1.00% of the Liquidated Damages Multiplier per 30-day
period (the “Liquidated Damages”). 
Initially there shall be no limitation on the aggregate amount of the
Liquidated Damages payable by Linn Energy under this Agreement to each
Purchaser; provided, however, that if there is a
change in the Law or accounting principles generally accepted in the United
States that would result in the Purchased Units being treated as debt
securities instead of equity securities for purposes of Linn Energy’s financial
statements, then the aggregate amount of the Liquidated Damages payable by Linn
Energy under this Agreement to each Purchaser shall not exceed the maximum
amount of the Liquidated Damages Multiplier with respect to such Purchaser
allowed for the Purchased Units not to be treated as debt securities for
purposes of Linn Energy’s financial statements. 
The Liquidated Damages payable pursuant to the immediately preceding
sentence, accrued on a daily basis, shall be payable within ten Business Days
of the end of each such 30-day period. 
Any Liquidated Damages shall be paid to each Purchaser in cash or
immediately available funds; provided, however, if Linn Energy certifies that it is unable to pay
Liquidated Damages in cash or immediately available funds because such payment
would result in a breach under any of Linn Energy’s or Linn Energy’s
Subsidiaries’ credit facilities or other indebtedness filed as exhibits to the
Linn Energy SEC Documents, then, to the extent not payable in cash, Linn Energy
may pay the Liquidated Damages in kind in the form of the issuance of
additional (A) Units or (B) Units and Class D Units.  Class D Units may only be issued as
Liquidated Damages if and to the extent required by The Nasdaq Global Market or
similar regulation.  If Class D Units are
issued as Liquidated Damages as a result of a requirement by The Nasdaq Global
Market or similar regulation, then such Units and/or Class D Units will be
issued to each Purchaser in such a manner as to maximize the number of Units
issued to each such Purchaser.  Upon any
issuance of Units and/or Class D Units as Liquidated Damages, Linn Energy shall
promptly prepare and file an amendment to the Registration Statement prior to
its effectiveness adding such Units and/or Units issuable upon conversion of
Class D Units to such Registration Statement as additional Registrable
Securities.  The determination of the
number of Units to be issued as Liquidated Damages shall be equal to the amount
of Liquidated Damages divided by the volume weighted average closing price of
the Units (as reported by The Nasdaq Global Market) for the ten (10) trading
days immediately preceding the date on which the Liquidated Damages payment is
due.  The determination of the number of
Class D Units to be issued as Liquidated Damages shall be equal to the amount
of Liquidated Damages divided by the volume weighted average closing price of
the Units (as reported by The Nasdaq Global Market) for the ten (10) trading
days immediately preceding the date on which the Liquidated Damages payment is
due, less a discount of 2%.  The payment
of Liquidated Damages to a Purchaser shall cease at such time as the Purchased
Class D Units and the Purchased Units of such Purchaser become eligible for
resale under Rule 144(k) under the Securities Act.  As soon as practicable following the date that the Registration
Statement becomes effective, but in any event within two Business Days of such
date, Linn Energy shall provide the Purchasers with written notice of the
effectiveness of the Registration Statement.

(iii)          Waiver of Liquidated Damages.  If Linn Energy is unable to cause a
Registration Statement to go effective within 165 days following the Closing
Date as a result of an acquisition, merger, reorganization, disposition or
other similar transaction, then Linn Energy may request a waiver of the
Liquidated Damages, which may be granted or withheld by the consent of the
Holders of a majority of the Purchased Class D Units and the Purchased Units, 

 4
 

taken as a whole, in their sole discretion.  A Purchaser’s rights (and any transferee’s
rights pursuant to Section 2.10 of this Agreement) under this Section 2.01
other than Liquidated Damages owing but not yet paid shall terminate upon the
earlier of (i) when all such Registrable Securities are sold by such Purchaser
or transferee, as applicable, and (ii) when such Registrable Securities become
eligible for resale under Rule 144(k) (or any similar provision then in force)
under the Securities Act.

(b)           Delay Rights.  Notwithstanding anything to the contrary
contained herein, Linn Energy may, upon written notice to any Selling Holder
whose Registrable Securities are included in the Registration Statement,
suspend such Selling Holder’s use of any prospectus which is a part of the
Registration Statement (in which event the Selling Holder shall discontinue
sales of the Registrable Securities pursuant to the Registration Statement, but
such Selling Holder may settle any such sales of Registrable Securities) if (i)
Linn Energy is pursuing an acquisition, merger, reorganization, disposition or
other similar transaction and Linn Energy determines in good faith that Linn
Energy’s ability to pursue or consummate such a transaction would be materially
adversely affected by any required disclosure of such transaction in the
Registration Statement or (ii) Linn Energy has experienced some other material
non-public event the disclosure of which at such time, in the good faith
judgment of Linn Energy, would materially adversely affect Linn Energy; provided, however, in no
event shall the Purchasers be suspended for a period that exceeds an aggregate
of 30 days in any 90-day period or 90 days in any 365-day period.  Upon disclosure of such information or the
termination of the condition described above, Linn Energy shall provide prompt
notice to the Selling Holders whose Registrable Securities are included in the
Registration Statement, shall promptly terminate any suspension of sales it has
put into effect and shall take such other actions to permit registered sales of
Registrable Securities as contemplated in this Agreement.

(c)           Additional Rights to Liquidated Damages.  If (i) the Holders shall be prohibited from
selling their Registrable Securities under the Registration Statement as a
result of a suspension pursuant to Section 2.01(b) of this Agreement in excess
of the periods permitted therein or (ii) the Registration Statement is filed
and declared effective but, during the Effectiveness Period, shall thereafter
cease to be effective or fail to be usable for its intended purpose without
being succeeded by a post-effective amendment to the Registration Statement, a
supplement to the prospectus or a report filed with the Commission pursuant to
Section 13(a), 13(c), 14 or l5(d) of the Exchange Act, then, until the
suspension is lifted or a post-effective amendment, supplement or report is
filed with the Commission, but not including any day on which a suspension is
lifted or such amendment, supplement or report is filed and declared effective,
if applicable, Linn Energy shall owe the Holders an amount equal to the
Liquidated Damages, following (x) the date on which the suspension period
exceeded the permitted period under 2.01(b) of this Agreement or (y) the day
after the Registration Statement ceased to be effective or failed to be useable
for its intended purposes, as liquidated damages and not as a penalty.  For purposes of this Section 2.01(c), a
suspension shall be deemed lifted on the date that notice that the suspension
has been lifted is delivered to the Holders pursuant to Section 3.01 of this
Agreement.

 5
 

Section 2.02           Piggyback Rights.

(a)           Participation.  If at any time Linn Energy proposes to file
(i) a prospectus supplement to an effective shelf registration statement, other
than the Registration Statement contemplated by Section 2.01 of this Agreement
and the registration statement covering the units held by the June 2007
Holders, or (ii) a registration statement, other than a shelf registration
statement, in either case, for the sale of Units in an Underwritten Offering
for its own account and/or another Person, then as soon as practicable but not
less than three Business Days prior to the filing of (x) any preliminary
prospectus supplement relating to such Underwritten Offering pursuant to Rule
424(b) under the Securities Act, (y) the prospectus supplement relating to such
Underwritten Offering pursuant to Rule 424(b) under the Securities Act (if no
preliminary prospectus supplement is used) or (z) such registration statement,
as the case may be, then Linn Energy shall give notice (including, but not
limited to, notification by electronic mail) of such proposed Underwritten
Offering to the Holders and such notice shall offer the Holders the opportunity
to include in such Underwritten Offering such number of Registrable Securities
(the “Included Registrable Securities”) as each such Holder may request
in writing; provided, however,
that if Linn Energy has been advised by the Managing Underwriter that the
inclusion of Registrable Securities for sale for the benefit of the Holders
will have a material adverse effect on the price, timing or distribution of the
Units in the Underwritten Offering, then the amount of Registrable Securities
to be offered for the accounts of Holders shall be determined based on the
provisions of Section 2.02(b) of this Agreement.  The notice required to be provided in this
Section 2.02(a) to Holders shall be provided on a Business Day pursuant to
Section 3.01 hereof and receipt of such notice shall be confirmed by such
Holder.  Each such Holder shall then have
three Business Days after receiving such notice to request inclusion of
Registrable Securities in the Underwritten Offering, except that such Holder
shall have one Business Day after such Holder confirms receipt of the notice to
request inclusion of Registrable Securities in the Underwritten Offering in the
case of a “bought deal” or “overnight transaction” where no preliminary prospectus
is used.  If no request for inclusion
from a Holder is received within the specified time, such Holder shall have no
further right to participate in such Underwritten Offering.  If, at any time after giving written notice
of its intention to undertake an Underwritten Offering and prior to the closing
of such Underwritten Offering, Linn Energy shall determine for any reason not
to undertake or to delay such Underwritten Offering, Linn Energy may, at its
election, give written notice of such determination to the Selling Holders and,
(x) in the case of a determination not to undertake such Underwritten Offering,
shall be relieved of its obligation to sell any Included Registrable Securities
in connection with such terminated Underwritten Offering, and (y) in the case
of a determination to delay such Underwritten Offering, shall be permitted to
delay offering any Included Registrable Securities for the same period as the
delay in the Underwritten Offering.  Any
Selling Holder shall have the right to withdraw such Selling Holder’s request
for inclusion of such Selling Holder’s Registrable Securities in such offering
by giving written notice to Linn Energy of such withdrawal up to and including
the time of pricing of such offering. 
Each Holder’s rights under this Section 2.02(a) shall terminate when
such Holder (together with any Affiliates of such Holder) holds less than $40
million of Purchased Class D Units (or Units issued upon conversion of the
Class D Units) and Purchased Units, based on the Commitment Amounts.  Notwithstanding the foregoing, any Holder may
deliver written notice (an “Opt Out Notice”) to Linn Energy requesting
that such Holder not receive notice from Linn Energy of any proposed
Underwritten Offering; provided, that
such Holder may later revoke any such notice.

 6
 

(b)           Priority of Rights.  If the Managing Underwriter or Underwriters
of any proposed Underwritten Offering of Units included in an Underwritten
Offering involving Included Registrable Securities advises Linn Energy, or Linn
Energy reasonably determines, that the total amount of Units that the Selling
Holders and any other Persons intend to include in such offering exceeds the
number that can be sold in such offering without being likely to have a
material adverse effect on the price, timing or distribution of the Units
offered or the market for the Units, then the Units to be included in such
Underwritten Offering shall include the number of Registrable Securities that
such Managing Underwriter or Underwriters advises Linn Energy, or Linn Energy
reasonably determines, can be sold without having such adverse effect, with
such number to be allocated (i) first, to Linn Energy, and (ii) second, pro
rata among (A) Quantum Energy Partners II, LP, a Delaware limited partnership,
Clark Partners I, L.P., a New York limited partnership, Kings Highway
Investment, LLC, a Connecticut limited liability company and Wauwinet Energy
Partners, LLC, a Delaware limited liability company (collectively, the “Partners”)
and (B) the Selling Holders party to this Agreement and those party to those
certain Registration Rights Agreements dated as of October 24, 2006, February
1, 2007 and June 1, 2007 by and among Linn Energy and the purchasers named
therein, in each case, who have requested participation in such Underwritten
Offering.  The pro rata allocations for
each such Partner and each such Selling Holder shall be the product of (a) the
aggregate number of Units proposed to be sold by all Partners and Selling
Holders in such Underwritten Offering multiplied by (b) the fraction derived by
dividing (x) the number of Units owned on the Closing Date by such Partner or
Selling Holder by (y) the aggregate number of Units owned on the Closing Date
by all Partners and Selling Holders participating in the Underwritten Offering.  All participating Selling Holders shall have
the opportunity to share pro rata that portion of such priority allocable to
any Selling Holder(s) not so participating. 
As of the date of execution of this Agreement, there are no other
Persons with Registration Rights relating to Units or Class D Units other than
as described in this Section 2.02(b).

Section 2.03           Underwritten
Offering.

(a)           Request for Underwritten Offering.  Any one or more Holders that collectively
hold greater than $100 million of Registrable Securities, based on the purchase
price per unit under the Purchase Agreement, may deliver written notice to Linn
Energy that such Holders wish to dispose of an aggregate of at least $100
million of Registrable Securities, based on the purchase price per unit under
the Purchase Agreement, in an Underwritten Offering.  Upon receipt of any such written request,
Linn Energy shall retain underwriters, effect such sale though an Underwritten
Offering, including entering into an underwriting agreement in customary form
with the Managing Underwriter or Underwriters, which shall include, among other
provisions, indemnities to the effect and to the extent provided in Section
2.08, and take all reasonable actions as are requested by the Managing Underwriter
or Underwriters to expedite or facilitate the disposition of such Registrable
Securities; provided, however,
Linn Energy management will not be required to participate in any roadshow or
similar marketing effort on behalf of any such Holder.

(b)           General Procedures.  In connection with any Underwritten Offering
under this Agreement, Linn Energy shall be entitled to select the Managing
Underwriter or Underwriters.  In
connection with an Underwritten Offering contemplated by this Agreement in
which a Selling Holder participates, each Selling Holder and Linn Energy shall
be obligated to

 7
 

enter into an underwriting agreement that contains such
representations, covenants, indemnities and other rights and obligations as are
customary in underwriting agreements for firm commitment offerings of
securities.  No Selling Holder may
participate in such Underwritten Offering unless such Selling Holder agrees to
sell its Registrable Securities on the basis provided in such underwriting
agreement and completes and executes all questionnaires, powers of attorney,
indemnities and other documents reasonably required under the terms of such
underwriting agreement.  Each Selling
Holder may, at its option, require that any or all of the representations and
warranties by, and the other agreements on the part of, Linn Energy to and for
the benefit of such underwriters also be made to and for such Selling Holder’s
benefit and that any or all of the conditions precedent to the obligations of
such underwriters under such underwriting agreement also be conditions
precedent to its obligations.  No Selling
Holder shall be required to make any representations or warranties to or
agreements with Linn Energy or the underwriters other than representations,
warranties or agreements regarding such Selling Holder and its ownership of the
securities being registered on its behalf, its intended method of distribution
and any other representation required by Law. 
If any Selling Holder disapproves of the terms of an underwriting, such
Selling Holder may elect to withdraw therefrom by notice to Linn Energy and the
Managing Underwriter; provided, however, that such withdrawal must be made up to and
including the time of pricing of such Underwritten Offering.  No such withdrawal or abandonment shall affect
Linn Energy’s obligation to pay Registration Expenses.

Section
2.04           Sale
Procedures.  In connection with its
obligations under this Article II, Linn Energy will, as expeditiously as
possible:

(a)           prepare and file with the Commission such
amendments and supplements to the Registration Statement and the prospectus
used in connection therewith as may be necessary to keep the Registration
Statement effective for the Effectiveness Period and as may be necessary to
comply with the provisions of the Securities Act with respect to the
disposition of all securities covered by the Registration Statement;

(b)           if a prospectus supplement will be used in
connection with the marketing of an Underwritten Offering from the Registration
Statement and the Managing Underwriter at any time shall notify Linn Energy in
writing that, in the sole judgment of such Managing Underwriter, inclusion of
detailed information to be used in such prospectus supplement is of material
importance to the success of the Underwritten Offering of such Registrable
Securities, use its commercially reasonable efforts to include such information
in such prospectus supplement;

(c)           furnish to each Selling Holder (i) as far in
advance as reasonably practicable before filing the Registration Statement or any
other registration statement contemplated by this Agreement 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 the Registration Statement or such other registration statement
or supplement or amendment thereto, and (ii) such number of copies of the
Registration Statement

 8
 

or such other 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 or other
registration statement;

(d)           if applicable, use its commercially
reasonable efforts to register or qualify the Registrable Securities covered by
the Registration Statement or any other registration statement contemplated by
this Agreement 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 Linn Energy 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 which would subject it to general
service of process in any such jurisdiction where it is not then so subject;

(e)           promptly notify each Selling Holder and each
underwriter of Registrable Securities, at any time when a prospectus relating
thereto is required to be delivered by any of them under the Securities Act, of
(i) the filing of the Registration Statement or any other registration
statement contemplated by this Agreement 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 other
registration statement or any post-effective amendment thereto, when the same
has become effective; and (ii) any written comments from the Commission with
respect to any filing referred to in clause (i) and any written request by the
Commission for amendments or supplements to the Registration Statement or any
other registration statement or any prospectus or prospectus supplement
thereto;

(f)            immediately notify each Selling Holder and
each underwriter of Registrable Securities, at any time when a prospectus
relating thereto is required to be delivered under the Securities Act, of (i)
the happening of any event as a result of which the prospectus or prospectus
supplement contained in the Registration Statement or any other registration
statement contemplated by this Agreement, 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 light of the circumstances then existing; (ii) the issuance or threat of
issuance by the Commission of any stop order suspending the effectiveness of
the Registration Statement or any other registration statement contemplated by
this Agreement, or the initiation of any proceedings for that purpose; or (iii)
the receipt by Linn Energy 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, Linn
Energy 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 action as is necessary to
remove a stop order, suspension, threat thereof or proceedings related thereto;

(g)           upon request and subject to appropriate
confidentiality obligations, furnish to each Selling Holder copies of any and
all transmittal letters or other correspondence with the 

 9
 

Commission or any other governmental agency or self-regulatory body or
other body having jurisdiction (including any domestic or foreign securities
exchange) relating to such offering of Registrable Securities;

(h)           in the case of an Underwritten Offering,
furnish upon request, (i) an opinion of counsel for Linn Energy dated the
effective date of the applicable registration statement or the date of any
amendment or supplement thereto, and a letter of like kind dated the date of
the closing under the underwriting agreement, and (ii) a “cold comfort” letter,
dated the date of the applicable registration statement or the date of any
amendment or supplement thereto and a letter of like kind dated the date of the
closing under the underwriting agreement, in each case, signed by the
independent public accountants who have certified Linn Energy’s financial
statements included or incorporated by reference into the applicable
registration statement, and each of the opinion and the “cold comfort” letter
shall be in customary form and covering substantially the same matters with
respect to such registration statement (and the prospectus and any prospectus
supplement included therein) as are customarily covered in opinions of issuer’s
counsel and in accountants’ letters delivered to the underwriters in Underwritten
Offerings of securities and such other matters as such underwriters or Selling
Holders may reasonably request;

(i)            otherwise use its commercially reasonable
efforts to comply with all applicable rules and regulations of the Commission,
and make available to its security holders, as soon as reasonably practicable,
an earnings statement, which earnings statement shall satisfy the provisions of
Section 11(a) of the Securities Act and Rule 158 promulgated thereunder;

(j)            make available to the appropriate
representatives of the Managing Underwriter and Selling Holders access to such
information and Linn Energy personnel as is reasonable and customary to enable
such parties to establish a due diligence defense under the Securities Act; provided, however, that
Linn Energy need not disclose any such information to any such representative
unless and until such representative has entered into or is otherwise subject
to a confidentiality agreement with Linn Energy satisfactory to Linn Energy
(including any confidentiality agreement referenced in Section 8.06 of the
Purchase Agreement);

(k)           cause all such Registrable Securities
registered pursuant to this Agreement to be listed on each securities exchange
or nationally recognized quotation system on which similar securities issued by
Linn Energy are then listed;

(l)            use its commercially reasonable efforts to
cause the Registrable Securities to be registered with or approved by such
other governmental agencies or authorities as may be necessary by virtue of the
business and operations of Linn Energy to enable the Selling Holders to
consummate the disposition of such Registrable Securities;

(m)          provide a transfer agent and registrar for
all Registrable Securities covered by such registration statement not later than
the effective date of such registration statement; and

(n)           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 such
Registrable Securities.

 10
 

(o)           Linn Energy agrees that, if any Purchaser
could reasonably be deemed to be an “underwriter”, as defined in Section
2(a)(11) of the Securities Act, in connection with the registration statement
in respect of any registration of Linn Energy’s securities of any Purchaser
pursuant to this Agreement, and any amendment or supplement thereof (any such
registration statement or amendment or supplement a “Purchaser Underwriter
Registration Statement”), then Linn Energy will cooperate with such
Purchaser in allowing such Purchaser to conduct customary “underwriter’s due
diligence” with respect to Linn Energy and satisfy its obligations in respect
thereof.  In addition, at any Purchaser’s
request, Linn Energy will furnish to such Purchaser, on the date of the
effectiveness of any Purchaser Underwriter Registration Statement and
thereafter from time to time on such dates as such Purchaser may reasonably
request, (i) a letter, dated such date, from Linn Energy’s independent
certified public accountants in form and substance as is customarily given by
independent certified public accountants to underwriters in an underwritten
public offering, addressed to such Purchaser, and (ii) an opinion, dated as of
such date, of counsel representing Linn Energy for purposes of such Purchaser
Underwriter Registration Statement, in form, scope and substance as is
customarily given in an underwritten public offering, including a standard “10b-5”
opinion for such offering, addressed to such Purchaser; provided,
however, that with respect to any Placement Agent, Linn Energy’s
obligations with respect to this Section 2.04(o) shall be limited to one time,
with an additional bring-down request within 30 days of the date of such
documents.  Linn Energy will also permit
legal counsel to such Purchaser to review and comment upon any such Purchaser
Underwriter Registration Statement at least five Business Days prior to its
filing with the Commission and all amendments and supplements to any such
Purchaser Underwriter Registration Statement within a reasonable number of days
prior to their filing with the Commission and not file any Purchaser
Underwriter Registration Statement or amendment or supplement thereto in a form
to which such Purchaser’s legal counsel reasonably objects.

Each Selling Holder, upon
receipt of notice from Linn Energy of the happening of any event of the kind
described in Section 2.04(e) of this Agreement, shall forthwith discontinue
disposition of the Registrable Securities until such Selling Holder’s receipt
of the copies of the supplemented or amended prospectus contemplated by Section
2.04(e) of this Agreement or until it is advised in writing by Linn Energy 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,
and, if so directed by Linn Energy, such Selling Holder will, or will request
the managing underwriter or underwriters, if any, to deliver to Linn Energy (at
Linn Energy’s expense) all copies in their possession or control, other than
permanent file copies then in such Selling Holder’s possession, of the
prospectus covering such Registrable Securities current at the time of receipt
of such notice.

If requested by a Purchaser, Linn Energy shall: (i) as soon as
practicable incorporate in a prospectus supplement or post-effective amendment
such information as such Purchaser reasonably requests to be included therein
relating to the sale and distribution of Registrable Securities, including information
with respect to the number of Registrable Securities being offered or sold, the
purchase price being paid therefor and any other terms of the offering of the
Registrable Securities to be sold in such offering; (ii) as soon as practicable
make all required filings of such prospectus supplement or post-effective
amendment after being notified of the matters to be incorporated in such
prospectus supplement or post-effective amendment; and (iii) as soon as
practicable, supplement or make amendments to any Registration Statement.

 11
 

Section
2.05           Cooperation
by Holders.  Linn Energy shall have
no obligation to include in the Registration Statement Units of a Holder, or in
an Underwritten Offering pursuant to Section 2.02 of this Agreement Units of a
Selling Holder, who has failed to timely furnish such information that, in the
opinion of counsel to Linn Energy, is reasonably required in order for the
registration statement or prospectus supplement, as applicable, to comply with
the Securities Act.

Section
2.06           Restrictions
on Public Sale by Holders of Registrable Securities.  For a period of 365 days from the Closing
Date, each Holder of Registrable Securities who is included in the Registration
Statement agrees not to effect any public sale or distribution of the
Registrable Securities during the 30-day period following completion of an
Underwritten Offering of equity securities by Linn Energy (except as provided
in this Section 2.06); provided, however, that the duration of the foregoing restrictions
shall be no longer than the duration of the shortest restriction generally
imposed by the underwriters on the officers or directors or any other
Unitholder of Linn Energy on whom a restriction is imposed in connection with
such public offering; provided,  with respect
to Goldman, Sachs & Co., the restrictions contained in this Section 2.06
shall only apply to the Goldman Sachs Principal Strategies Group, as currently
configured, and shall not restrict or limit the activities of any area or
division of Goldman, Sachs & Co. or any of its Affiliates, other than
Goldman Sachs Principal Strategies Group, as currently configured.  In addition, the provisions of this Section
2.06 shall not apply with respect to a Holder that (A) owns less than $40
million of Purchased Class D Units and Purchased Units, based on the Commitment
Amounts, (B) has delivered an Opt Out Notice to Linn Energy pursuant to Section
2.02 hereof or (C) has submitted a notice requesting the inclusion of
Registrable Securities in an Underwritten Offering pursuant to Section 2.02 or
Section 2.03(a) hereof but is unable to do so as a result of the priority
provisions contained in Section 2.02(b) hereof.

Section 2.07           Expenses.

(a)           Certain Definitions.  “Registration Expenses” means all
expenses incident to Linn Energy’s performance under or compliance with this
Agreement to effect the registration of Registrable Securities on the
Registration Statement pursuant to Section 2.01 hereof or an Underwritten
Offering covered under this Agreement, and the disposition of such securities,
including, without limitation, all registration, filing, securities exchange
listing and The Nasdaq Global Market fees, all registration, filing,
qualification and other fees and expenses of complying with securities or blue
sky laws, fees of the National Association of Securities Dealers, Inc.,
transfer taxes and fees of transfer agents and registrars, all word processing,
duplicating and printing expenses and the fees and disbursements of counsel and
independent public accountants for Linn Energy, including the expenses of any
special audits or “cold comfort” letters required by or incident to such
performance and compliance.  “Selling
Expenses” means all underwriting fees, discounts and selling commissions
allocable to the sale of the Registrable Securities.

(b)           Expenses.  Linn Energy will pay all reasonable
Registration Expenses as determined in good faith, including, in the case of an
Underwritten Offering, whether or not any sale is made pursuant to such
Underwritten Offering.  In addition,
except as otherwise provided in Section 2.08 hereof, Linn Energy shall not be
responsible for legal fees incurred by Holders in

 12
 

connection with the exercise of such Holders’ rights hereunder.  Each Selling Holder shall pay all Selling
Expenses in connection with any sale of its Registrable Securities hereunder.

Section 2.08           Indemnification.

(a)           By Linn Energy.  In the event of an offering of any
Registrable Securities under the Securities Act pursuant to this Agreement,
Linn Energy will indemnify and hold harmless each Selling Holder thereunder,
its directors and officers, and each underwriter, pursuant to the applicable
underwriting agreement with such underwriter, of Registrable Securities
thereunder and each Person, if any, who controls such Selling Holder or
underwriter within the meaning of the Securities Act and the Exchange Act, and
its directors and officers, against any losses, claims, damages, expenses or
liabilities (including reasonable attorneys’ fees and expenses) (collectively, “Losses”),
joint or several, to which such Selling Holder, director, officer, underwriter
or controlling Person may become subject under the Securities Act, the Exchange
Act or otherwise, insofar as such Losses (or actions or proceedings, whether
commenced or threatened, in respect thereof) arise out of or are based upon any
untrue statement or alleged untrue statement of any material fact contained in
the Registration Statement or any other registration statement contemplated by
this Agreement, any preliminary prospectus, free writing prospectus or final
prospectus contained therein, or any amendment or supplement thereof, or arise
out of or are based upon the omission or alleged omission to state therein a
material fact required to be stated therein or necessary to make the statements
therein (in the case of a prospectus, in light of the circumstances under which
they were made) not misleading, and will reimburse each such Selling Holder,
its directors and officers, each such underwriter and each such controlling
Person for any legal or other expenses reasonably incurred by them in
connection with investigating or defending any such Loss or actions or
proceedings; provided, however,
that Linn Energy will not be liable in any such case if and to the extent that
any such Loss arises out of or is based upon an untrue statement or alleged
untrue statement or omission or alleged omission so made in strict conformity
with information furnished by such Selling Holder, its directors or officers or
any underwriter or controlling Person in writing specifically for use in the
Registration Statement or such other registration statement, or prospectus
supplement, as applicable.  Such
indemnity shall remain in full force and effect regardless of any investigation
made by or on behalf of such Selling Holder or any such Selling Holder, its
directors or officers or any underwriter or controlling Person, and shall
survive the transfer of such securities by such Selling Holder.

(b)           By Each Selling Holder.  Each Selling Holder agrees severally and not
jointly to indemnify and hold harmless Linn Energy, its directors and officers,
and each Person, if any, who controls Linn Energy within the meaning of the
Securities Act or of the Exchange Act, and its directors and officers, to the
same extent as the foregoing indemnity from Linn Energy 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 the
Registration Statement or any preliminary prospectus or final prospectus
included therein, or any amendment or supplement thereto; provided,
however, that the liability of each
Selling Holder shall not be greater in amount than the dollar amount of the
proceeds (net of any Selling Expenses) received by such Selling Holder from the
sale of the Registrable Securities giving rise to such indemnification.

 13
 

(c)           Notice.  Promptly after receipt by an indemnified
party hereunder of notice of the commencement of any action, such indemnified
party shall, if a claim in respect thereof is to be made against the
indemnifying party hereunder, notify the indemnifying party in writing thereof,
but the omission so to notify the indemnifying party shall not relieve it from
any liability which it may have to any indemnified party other than under this
Section 2.08.  In any action brought
against any indemnified party, it shall notify the indemnifying party of the
commencement thereof.  The indemnifying
party shall be entitled to participate in and, to the extent it shall wish, to
assume and undertake the defense thereof with counsel reasonably satisfactory
to such indemnified party and, after notice from the indemnifying party to such
indemnified party of its election so to assume and undertake the defense
thereof, the indemnifying party shall not be liable to such indemnified party
under this Section 2.08 for any legal expenses subsequently incurred by such
indemnified party in connection with the defense thereof other than reasonable
costs of investigation and of liaison with counsel so selected; provided, however, that,
(i) if the indemnifying party has failed to assume the defense or employ
counsel reasonably acceptable to the indemnified party or (ii) if the
defendants in any such action include both the indemnified party and the
indemnifying party and counsel to the indemnified party shall have concluded
that there may be reasonable defenses available to the indemnified party that
are different from or additional to those available to the indemnifying party,
or if the interests of the indemnified party reasonably may be deemed to
conflict with the interests of the indemnifying party, then the indemnified
party shall have the right to select a separate counsel and to assume such
legal defense and otherwise to participate in the defense of such action, with
the reasonable expenses and fees of such separate counsel and other reasonable
expenses related to such participation to be reimbursed by the indemnifying
party as incurred.  Notwithstanding any
other provision of this Agreement, no indemnified party shall settle any action
brought against it with respect to which it is entitled to indemnification
hereunder without the consent of the indemnifying party, unless the settlement
thereof imposes no liability or obligation on, and includes a complete and
unconditional release from all liability of, the indemnifying party.

(d)           Contribution.  If the indemnification provided for in this
Section 2.08 is held by a court or government agency of competent jurisdiction
to be unavailable to any indemnified party or is insufficient to hold them
harmless in respect of any Losses, then each such indemnifying party, in lieu
of indemnifying such indemnified party, shall contribute to the amount paid or
payable by such indemnified party as a result of such Loss in such proportion
as is appropriate to reflect the relative fault of the indemnifying party on
the one hand and of such indemnified party on the other in connection with the
statements or omissions which resulted in such Losses, as well as any other
relevant equitable considerations; provided, however, that in no event shall such Selling Holder be
required to contribute an aggregate amount in excess of the dollar amount of
proceeds (net of Selling Expenses) received by such Selling Holder from the
sale of Registrable Securities giving rise to such indemnification.  The relative fault of the indemnifying party
on the one hand and the indemnified party on the other shall be determined by
reference to, among other things, whether the untrue or alleged untrue
statement of a material fact or the omission or alleged omission to state a
material fact has been made by, or relates to, information supplied by such
party, and the parties’ relative intent, knowledge, access to information and
opportunity to correct or prevent such statement or omission.  The parties hereto agree that it would not be
just and equitable if contributions pursuant to this paragraph were to be
determined by pro rata allocation or by any other method of allocation which
does not take account of the equitable considerations referred to herein.  The amount paid by an indemnified 

 14
 

party as a result of the Losses referred to in the first sentence of
this paragraph shall be deemed to include any legal and other expenses
reasonably incurred by such indemnified party in connection with investigating
or defending any Loss which is the subject of this paragraph.  No person guilty of fraudulent
misrepresentation (within the meaning of Section 11(f) of the Securities Act)
shall be entitled to contribution from any Person who is not guilty of such
fraudulent misrepresentation.

(e)           Other Indemnification.  The provisions of this Section 2.08 shall be
in addition to any other rights to indemnification or contribution which an
indemnified party may have pursuant to law, equity, contract or otherwise.

Section
2.09           Rule
144 Reporting.  With a view to making
available the benefits of certain rules and regulations of the Commission that
may permit the sale of the Registrable Securities to the public without
registration, Linn Energy agrees to use its commercially reasonable efforts to:

(a)           make and keep public information regarding
Linn Energy available, as those terms are understood and defined in Rule 144
under the Securities Act, at all times from and after the date hereof;

(b)           file with the Commission in a timely manner
all reports and other documents required of Linn Energy under the Securities
Act and the Exchange Act at all times from and after the date hereof; and

(c)           so long as a Holder owns any Registrable
Securities, furnish, unless otherwise not available at no charge by access
electronically to the Commission’s EDGAR filing system, to such Holder
forthwith upon request a copy of the most recent annual or quarterly report of
Linn Energy, and such other reports and documents so filed as such Holder may
reasonably request in availing itself of any rule or regulation of the
Commission allowing such Holder to sell any such securities without
registration.

Section
2.10           Transfer
or Assignment of Registration Rights. 
The rights to cause Linn Energy to register Registrable Securities
granted to the Purchasers by Linn Energy under this Article II may be
transferred or assigned by any Purchaser to one or more transferee(s) or assignee(s)
of such Registrable Securities or in connection with entering into a total
return swap to the swap counterparty; provided, however, that, except with respect to a total return swap,
(a) unless such transferee is an Affiliate of such Purchaser, each such
transferee or assignee holds Registrable Securities representing at least $40
million of the Purchased Class D Units and the Purchased Units, based on the
Commitment Amounts, (b) Linn Energy is given written notice prior to any said
transfer or assignment, stating the name and address of each such transferee
and identifying the securities with respect to which such registration rights
are being transferred or assigned, and (c) each such transferee assumes in
writing responsibility for its portion of the obligations of such Purchaser
under this Agreement.

Section
2.11           Limitation
on Subsequent Registration Rights.  From
and after the date hereof, Linn Energy shall not, without the prior written
consent of the Holders of a majority of the outstanding Registrable Securities,
(i) enter into any agreement with any current or future 

 15
 

holder of any securities of Linn Energy that would allow such current
or future holder to require Linn Energy to include securities in any
registration statement filed by Linn Energy on a basis that is superior in any
way to the piggyback rights granted to the Purchasers hereunder or (ii) grant
registration rights to any other Person that would be superior to the
Purchasers’ registration rights hereunder.

ARTICLE III

MISCELLANEOUS

Section
3.01           Communications.  All notices and other communications provided
for or permitted hereunder shall be made in writing by facsimile, electronic
mail, courier service or personal delivery:

(a)           if to Purchaser, to the address set forth
under that Purchaser’s signature block in accordance with the provisions of
this Section 3.01;

(b)           if to a transferee of Purchaser, to such
Holder at the address provided pursuant to Section 2.10 hereof; and

(c)           if to Linn Energy, at 600 Travis, Suite
7000, Houston, Texas 77002 (facsimile: 713.223.0888), notice of which is given
in accordance with the provisions of this Section 3.01.

All such notices and communications shall be deemed to
have been received: at the time delivered by hand, if personally delivered; when
receipt acknowledged, if sent via facsimile or electronic mail; and when
actually received, if sent by courier service or any other means.

Section
3.02           Successor
and Assigns.  This Agreement shall
inure to the benefit of and be binding upon the successors and assigns of each
of the parties, including subsequent Holders of Registrable Securities to the
extent permitted herein.

Section
3.03           Aggregation
of Purchased Class D Units and Purchased Units.  All Purchased Class D Units and Purchased
Units held or acquired by Persons who are Affiliates of one another shall be
aggregated together for the purpose of determining the availability of any
rights under this Agreement.  

Section
3.04           Recapitalization,
Exchanges, Etc. Affecting the Units. 
The provisions of this Agreement shall apply to the full extent set
forth herein with respect to any and all units of Linn Energy or any successor
or assign of Linn Energy (whether by merger, consolidation, sale of assets or
otherwise) which may be issued in respect of, in exchange for or in
substitution of, the Registrable Securities, and shall be appropriately
adjusted for combinations, unit splits, recapitalizations and the like
occurring after the date of this Agreement.

Section
3.05           Specific
Performance.  Damages in the event of
breach of this Agreement by a party hereto may be difficult, if not impossible,
to ascertain, and it is therefore agreed that each such Person, in addition to
and without limiting any other remedy or right it may have, will have the right
to 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

 16
 

of the parties hereto hereby waives 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 Person from
pursuing any other rights and remedies at law or in equity which such Person
may have.

Section
3.06           Counterparts.  This Agreement may be executed in any number
of counterparts and by different parties hereto in separate counterparts, each
of which counterparts, when so executed and delivered, shall be deemed to be an
original and all of which counterparts, taken together, shall constitute but
one and the same Agreement.

Section 3.07           Headings.  The headings in this Agreement are for
convenience of reference only and shall not limit or otherwise affect the
meaning hereof.

Section 3.08           Governing Law.  The Laws of the State of New York shall
govern this Agreement without regard to principles of conflict of Laws.

Section 3.09           Severability of
Provisions.  Any provision of this
Agreement which is prohibited or unenforceable in any jurisdiction shall, as to
such jurisdiction, be ineffective to the extent of such prohibition or
unenforceability without invalidating the remaining provisions hereof or
affecting or impairing the validity or enforceability of such provision in any
other jurisdiction.

Section 3.10           Entire Agreement.  This Agreement is intended by the parties as
a final expression of their agreement and intended to be a complete and
exclusive statement of the agreement and understanding of the parties hereto in
respect of the subject matter contained herein. 
There are no restrictions, promises, warranties or undertakings, other
than those set forth or referred to herein with respect to the rights granted
by Linn Energy set forth herein.  This
Agreement, the Purchase Agreement and the Confidentiality Agreement pertaining
to the sale of the Purchased Units and Purchased Class D Units supersede all
prior agreements and understandings between the parties with respect to such
subject matter.

Section 3.11           Amendment.  This Agreement may be amended only by means
of a written amendment signed by Linn Energy and the Holders of a majority of
the then outstanding Registrable Securities; provided,
however, that no such amendment shall
materially and adversely affect the rights of any Holder hereunder without the
consent of such Holder.

Section 3.12           No Presumption.  If any claim is made by a party relating to
any conflict, omission or ambiguity in this Agreement, no presumption or burden
of proof or persuasion shall be implied by virtue of the fact that this
Agreement was prepared by or at the request of a particular party or its
counsel.

Section 3.13           Obligations Limited
to Parties to Agreement.  Each of the Parties hereto covenants,
agrees and acknowledges that no Person other than the Purchasers (and their
permitted assignees) and Linn Energy shall have any obligation hereunder and
that, notwithstanding that one or more of the Purchasers may be a corporation,
partnership or limited liability company, no recourse under this Agreement or
the Purchase Agreement or under any documents or instruments delivered in
connection herewith or therewith shall be had against any former, current or
future director, officer, employee, agent, general or limited partner, manager,

 17
 

member, stockholder or Affiliate of any
of the Purchasers or any former, current or future director, officer, employee,
agent, general or limited partner, manager, member, stockholder or Affiliate of
any of the foregoing, whether by the enforcement of any assessment or by any
legal or equitable proceeding, or by virtue of any applicable Law, it being
expressly agreed and acknowledged that no personal liability whatsoever shall
attach to, be imposed on or otherwise be incurred by any former, current or
future director, officer, employee, agent, general or limited partner, manager,
member, stockholder or Affiliate of any of the Purchasers or any former,
current or future director, officer, employee, agent, general or limited
partner, manager, member, stockholder or Affiliate of any of the foregoing, as
such, for any obligations of the Purchasers under this Agreement or the
Purchase Agreement or any documents or instruments delivered in connection
herewith or therewith or for any claim based on, in respect of or by reason of
such obligation or its creation.

[The remainder of this page is
intentionally left blank]

 18

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

	
  

  	
  LINN ENERGY, LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Kolja Rockov

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Kolja Rockov

  
	
   

  	
   

  	
  Title:

  	
  Executive Vice
  Priesident and Chief

  
	
   

  	
   

  	
   

  	
  Financial Officer

  
						

 

[Signature Page to
Registration Rights Agreement]

 

	
  

  	
  STRUCTURED FINANCE AMERICAS,

  LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Sunil Hariani

  	
   

  
	
   

  	
   

  	
   Name: Sunil Hariani

  	
   

  
	
   

  	
   

  	
   Title:   Director

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Andrea Leung

  	
   

  
	
   

  	
   

  	
   Name: Andrea Leung

  	
   

  
	
   

  	
   

  	
   Title:   Managing Director

  	
   

  

 

[Signature Page to
Registration Rights Agreement]

 

	
  

  	
   

  	
  ROYAL BANK OF CANADA

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By its Agent, RBC Capital Markets 

  
	
   

  	
   

  	
   

  	
  Corporation

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Josef Muskatel

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  Name:       Josef Muskatel

  
	
   

  	
   

  	
   

  	
   

  	
  Title:

  	
  Director and Senior

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  Counsel

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ David Weiner

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  Name:       David
  Weiner

  
	
   

  	
   

  	
   

  	
   

  	
  Title:

  	
  Managing Director

  
									

 

[Signature Page to
Registration Rights Agreement]

 

	
  

  	
  CREDIT SUISSE MANAGEMENT, LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Gerard Murtagh

  	
   

  
	
   

  	
   

  	
   Name: Gerard
  Murtagh

  
	
   

  	
   

  	
   Title:   Managing
  Director

  

 

[Signature Page to
Registration Rights Agreement]

 

	
  

  	
  MLP INVESTMENT HOLDINGS, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Jeremy Hill

  	
   

  
	
   

  	
   

  	
   Name: Jeremy
  Hill

  
	
   

  	
   

  	
   Title: Vice
  President

  

 

[Signature Page to
Registration Rights Agreement]

 

	
  

  	
  AT MLP FUND, LLP

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Paul McPheeters

  	
   

  
	
   

  	
   

  	
   Name:  Paul
  McPheeters

  
	
   

  	
   

  	
   Title:    Managing
  Director

  

 

[Signature Page to
Registration Rights Agreement]

 

	
  

  	
  CITIGROUP FINANCIAL PRODUCTS

  INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Bret Engelkemier

  	
   

  
	
   

  	
   

  	
   Name:  Bret
  Engelkemier

  
	
   

  	
   

  	
   Title:    Managing
  Director

  

 

[Signature Page to
Registration Rights Agreement]

 

	
  

  	
  ENERGY GROWTH AND INCOME

  FUND

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Mark R. Bradley

  	
   

  
	
   

  	
   

  	
   Name:  Mark
  R. Bradley

  
	
   

  	
   

  	
   Title:    Chief
  Financial Officer

  

 

[Signature Page to
Registration Rights Agreement]

 

	
  

  	
  FIDUCIARY/CLAYMORE MLP

  OPPORTUNITY FUND

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ James J. Cunnane, Jr.

  	
   

  
	
   

  	
   

  	
   Name:  James
  J. Cunnane, Jr.

  
	
   

  	
   

  	
   Title:    Vice
  President

  

 

[Signature Page to
Registration Rights Agreement]

 

	
  

  	
  MLP & STRATEGIC EQUITY FUND INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ James J. Cunnane, Jr.

  	
   

  
	
   

  	
   

  	
   Name:

  	
  James J. Cunnane,
  Jr.

  
	
   

  	
   

  	
   Title:

  	
  Senior Portfolio
  Manager –  

  
	
   

  	
   

  	
   

  	
  Fiduciary Asset
  Management,

  
	
   

  	
   

  	
   

  	
  LLC, subadviser
  to the MLP

  
	
   

  	
   

  	
   

  	
  &Strategic
  Equity Fund Inc.

  
					

 

[Signature Page to
Registration Rights Agreement]

 

	
  

  	
  FIR TREE RECOVERY MASTER FUND

  LP

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Brian Meyer

  	
   

  
	
   

  	
   

  	
   Name: Brian Meyer

  	
   

  
	
   

  	
   

  	
   Title:   Authorized Person

  	
   

  

 

[Signature Page to
Registration Rights Agreement]

 

	
  

  	
  FIR TREE VALUE MASTER FUND, LP

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Brian Meyer

  	
   

  
	
   

  	
   

  	
   Name: Brian Meyer

  	
   

  
	
   

  	
   

  	
   Title:   Authorized Person

  	
   

  

 

[Signature Page to
Registration Rights Agreement]

 

	
  

  	
  STROME MLP FUND, LP

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Peter Davies

  	
   

  
	
   

  	
   

  	
   Name:

  	
  Peter Davies

  
	
   

  	
   

  	
   Title:

  	
  Chief Executive
  Officer of 

  
	
   

  	
   

  	
   

  	
  Strome
  Investment, LP, the

  
	
   

  	
   

  	
   

  	
  general partner
  of Strome

  
	
   

  	
   

  	
   

  	
  MLP Fund, LP

  
					

 

[Signature Page to
Registration Rights Agreement]

 

	
  

  	
  UBS AG LONDON BRANCH

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Richard Simpson

  	
   

  
	
   

  	
   

  	
   Name: Richard Simpson

  	
   

  
	
   

  	
   

  	
   Title:   Managing Director

  	
   

  

 

[Signature Page to
Registration Rights Agreement]

 

	
  

  	
  ZLP FUND LP

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By its General Partner, Zimmer Lucas

  Partners, LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Craig M. Lucas

  	
   

  
	
   

  	
   

  	
   Name: Craig M. Lucas

  	
   

  
	
   

  	
   

  	
   Title:   Managing Member

  	
   

  

 

[Signature Page to
Registration Rights Agreement]

 

	
  

  	
  OMEGA ADVISORS, INC.(1)

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Denis Wong

  	
   

  
	
   

  	
   

  	
   Name: Denis Wong

  	
   

  
	
   

  	
   

  	
   Title:   Chief Operating
  Officer

  	
   

  

 

(1) Solely in its
capacity as investment manager of the following entities and not in its
individual coporate capacity:

Omega Capital Partners, L.P.

Omega Capital Investors, L.P.

Omega SPV Partners IV, L.P.

Omega Equity Investors, L.P.

Beta Equities, Inc.

GS&CO Profit Sharing Master Trust

Presidential Life Corporation

The Ministers and
Missionaries Benefit Board of American Baptist Churches.

[Signature Page to
Registration Rights Agreement]

 

	
  

  	
  LEON G. COOPERMAN

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  Leon G. Cooperman

  	
   

  
	
   

  	
   

  	
   Name:

  	
   

  

 

[Signature Page to Registration
Rights Agreement]

 

	
  

  	
  PERRY PARTNERS LP

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By its Managing General Partner, Perry

  Corp.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Randall Borkenstein

  	
   

  
	
   

  	
   

  	
   Name: Randall Borkenstein

  	
   

  
	
   

  	
   

  	
   Title:   Chief Financial
  Officer

  	
   

  

 

[Signature Page to
Registration Rights Agreement]

 

	
  

  	
  THIRD POINT PARTNERS QUALIFIED

  L.P.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Justin Nadler

  	
   

  
	
   

  	
   

  	
   Name: Justin Nadler

  	
   

  
	
   

  	
   

  	
   Title:   Chief Operating
  Officer

  	
   

  

 

[Signature Page to
Registration Rights Agreement]

 

	
  

  	
  THIRD POINT PARTNERS L.P.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Justin Nadler

  	
   

  
	
   

  	
   

  	
   Name: Justin Nadler

  	
   

  
	
   

  	
   

  	
   Title:   Chief Operating
  Officer

  	
   

  

 

[Signature Page to
Registration Rights Agreement]

	
  

  	
  GOLDMAN SACHS PRINCIPAL 

  STRATEGIES

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Gaurav Bhandari

  	
   

  
	
   

  	
   

  	
   Name: Gaurav Bhandari

  
	
   

  	
   

  	
   Title: Managing Director

  

 

[Signature Page to
Registration Rights Agreement]

 

	
  

  	
  JENNISON UTILITY FUND, as series of 

  the Jennison Sector Funds, Inc.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By its subadvisor, Jennison Associates LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:  

  	
  /s/ Ubong Edemeka

  	
   

  
	
   

  	
   

  	
   Name:

  	
  Ubong Edemeka

  	
   

  
	
   

  	
   

  	
   Title:

  	
  Managing Director

  	
   

  

 

[Signature Page to
Registration Rights Agreement]

 

	
  

  	
  JENNISON EQUITY INCOME FUND, as 

  series of the Strategic Partners Mutual 

  Funds, Inc.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By its subadvisor, Jennison Associates LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:  

  	
  /s/ Ubong Edemeka

  	
   

  
	
   

  	
   

  	
   Name:

  	
  Ubong Edemeka

  	
   

  
	
   

  	
   

  	
   Title:

  	
  Managing Director

  	
   

  

 

[Signature Page to Registration
Rights Agreement]

 

	
  

  	
  LEHMAN BROTHERS MLP 

  OPPORTUNITY FUND L.P.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Kyri Loupis

  	
   

  
	
   

  	
   

  	
   Name:

  	
  Kyri Loupis

  	
   

  
	
   

  	
   

  	
   Title:

  	
  Senior Vice President

  	
   

  

                                                

[Signature Page to
Registration Rights Agreement]

 

	
  

  	
  LEHMAN BROTHERS MLP PARTNERS, 

  L.P.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Kyri Loupis

  	
   

  
	
   

  	
   

  	
   Name:

  	
  Kyri Loupis

  	
   

  
	
   

  	
   

  	
   Title:

  	
  Senior Vice President

  	
   

  

 

[Signature Page to
Registration Rights Agreement]

 

	
  

  	
  LEHMAN BROTHERS CO-

  INVESTMENT PARTNERS, L.P.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ David Stonberg

  	
   

  
	
   

  	
   

  	
   Name:

  	
  David Stonberg

  	
   

  
	
   

  	
   

  	
   Title:

  	
  Managing Director

  	
   

  

 

[Signature Page to
Registration Rights Agreement]

 

	
  

  	
  LB1 GROUP INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Leon Zaltzman

  	
   

  
	
   

  	
   

  	
   Name:

  	
  Leon Zaltzman

  	
   

  
	
   

  	
   

  	
   Title:

  	
  Managing Director

  	
   

  

 

[Signature Page to
Registration Rights Agreement]

 

	
  

  	
  NEW MOUNTAIN VANTAGE, LP

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Steven B. Klinsky

  	
   

  
	
   

  	
   

  	
   Name:

  	
  Steven B. Klinsky

  	
   

  
	
   

  	
   

  	
   Title:

  	
  Managing Member of the 

  General Partner, New 

  Mountain Vantage GP, LLC

  	
   

  

 

[Signature Page to
Registration Rights Agreement]

 

	
  

  	
  NEW MOUNTAIN VANTAGE

  (CALIFORNIA), L.P.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Steven B. Klinsky

  	
   

  
	
   

  	
   

  	
   Name:

  	
  Steven B. Klinsky

  	
   

  
	
   

  	
   

  	
   Title:

  	
  Managing Member of the 

  General Partner, New 

  Mountain Vantage GP, LLC

  	
   

  

 

[Signature Page to
Registration Rights Agreement]

 

	
  

  	
  NEW MOUNTAIN VANTAGE HOLDCO 

  LTD.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Steven B. Klinsky

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Steven B. Klinsky

  	
   

  
	
   

  	
   

  	
  Title:

  	
  Director

  	
   

  

 

[Signature Page to
Registration Rights Agreement]

 

	
  

  	
  NEW MOUNTAIN VANTAGE (TEXAS), 

  L.P.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Steven B. Klinsky

  	
   

  
	
   

  	
   

  	
   Name:

  	
  Steven B. Klinsky

  	
   

  
	
   

  	
   

  	
   Title:

  	
  Managing Member of the 

  General Partner, New 

  Mountain Vantage GP, LLC

  	
   

  

 

[Signature Page to
Registration Rights Agreement]

 

	
  

  	
  MORGAN STANLEY STRATEGIC INVESTMENTS, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Alan Thomas

  	
   

  
	
   

  	
   

  	
   Name:

  	
  Alan Thomas

  	
   

  
	
   

  	
   

  	
   Title:

  	
  Managing Director

  	
   

  

 

[Signature Page to
Registration Rights Agreement]

 

	
  

  	
  GERALD H. SMITH

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Nancy Cooke

  	
   

  
	
   

  	
   

  	
   Name:

  	
  Nancy Cooke

  	
   

  
	
   

  	
   

  	
   Title:

  	
  Attorney-in-Fact

  	
   

  

 

[Signature Page to
Registration Rights Agreement]

 

	
  

  	
  THE NORTHWESTERN MUTUAL LIFE 

  INSURANCE COMPANY

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ David A. Barras

  	
   

  
	
   

  	
   

  	
   Name:

  	
  David A. Barras

  	
   

  
	
   

  	
   

  	
   Title:

  	
  Authorized Representative

  	
   

  

 

[Signature Page to
Registration Rights Agreement]

 

	
  

  	
  ORE HILL HUB FUND LTD.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By its Investment Advisor, Ore Hill Partners 

  LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:  

  	
  /s/ Claude A. Baum, Esq.

  	
   

  
	
   

  	
   

  	
   Name:

  	
  Claude A. Baum, Esq.

  	
   

  
	
   

  	
   

  	
   Title:

  	
  General Counsel

  	
   

  

 

[Signature Page to
Registration Rights Agreement]

 

	
  

  	
  MERITAGE INVESTORS LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By its Investment Manager, Meritage Group 

  LP

  
	
   

  	
   

  
	
   

  	
  By its General
  Partner, MWG GP

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ Alex Magaro

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Alex Magaro

  	
   

  
	
   

  	
   

  	
  Title:

  	
  Manager

  	
   

  

 

[Signature Page to
Registration Rights Agreement]

 

	
  

  	
  STANDARD GENERAL MASTER FUND 

  L.P.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By its General Partner, Standard General GP

  LLC

  
	
   

  	
   

  
	
   

  	
   

  	
  By its Managing Member, Standard 

  General Management LLC

  
	
   

  	
   

  
	
   

  	
  By:  

  	
  /s/ Soonhyung Kim

  	
   

  
	
   

  	
   

  	
   Name:  Soonhyung
  Kim

  	
   

  
	
   

  	
   

  	
   Title:   Managing Member

  	
   

  
					

 

[Signature Page to
Registration Rights Agreement]

 

	
  

  	
  GREG D. KERLY

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Greg D. Kerly

  	
   

  
	
   

  	
   

  	
   Name:

  	
   

  

 

[Signature Page to
Registration Rights Agreement]

 

 

	
  

  	
  GPS PARTNERS LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Steven Sugarman

  	
   

  
	
   

  	
   

  	
   Name:

  	
  Steven Sugarman

  	
   

  
	
   

  	
   

  	
   Title:

  	
  Partner

  	
   

  

 

[Signature Page to
Registration Rights Agreement]

 

	
  

  	
  ALERIAN CAPITAL MANAGEMENT

  LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Rich Levy

  	
   

  
	
   

  	
   

  	
   Name:

  	
  Rich Levy

  	
   

  
	
   

  	
   

  	
   Title:

  	
  Chief Financial Officer

  	
   

  

 

[Signature Page to
Registration Rights Agreement]

 

	
  

  	
  HARTZ CAPITAL MLP, LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By its Manager, Hartz Capital, Inc.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Jonathan B. Schnidel

  	
   

  
	
   

  	
  Name:  Jonathan
  B. Schnidel

  
	
   

  	
  Title:    Secretary
  and General Counsel

  

 

[Signature Page to Registration Rights Agreement]

 

	
  

  	
  HARVEST FUND ADVISORS LLC

  
	
   

  	
   

  
	
   

  	
  on behalf of

  
	
   

  	
  HARVEST SHARING LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Anthony Merhige

  	
   

  
	
   

  	
   

  	
   Name:

  	
  Anthony Merhige

  	
   

  
	
   

  	
   

  	
   Title:

  	
  Chief Accounting Officer and

  General Counsel

  	
   

  

 

[Signature Page to Registration Rights Agreement]

 

	
  

  	
  HARVEST FUND ADVISORS LLC

  
	
   

  	
   

  
	
   

  	
  on behalf of

  
	
   

  	
  HARVEST INFRASTRUCTURE

  
	
   

  	
  PARTNERS FUND LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Anthony Merhige

  	
   

  
	
   

  	
   

  	
   Name:

  	
  Anthony Merhige

  	
   

  
	
   

  	
   

  	
   Title:

  	
  Chief Accounting Officer and

  General Counsel

  	
   

  

 

[Signature Page to Registration Rights Agreement]

 

	
  

  	
  FARRINGTON CAPITAL, LP

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Paul Segal

  	
   

  
	
   

  	
   

  	
   Name:

  	
  Paul Segal

  	
   

  
	
   

  	
   

  	
   Title:

  	
  President

  	
   

  

 

[Signature Page to Registration Rights Agreement]

 

	
  

  	
  DRESDNER BANK AG.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Bryan Seyfried

  	
   

  
	
   

  	
   

  	
   Name: Bryan Seyfried

  	
   

  
	
   

  	
   

  	
   Title: Managing Director

  	
   

  

 

[Signature Page to Registration Rights Agreement]

 

	
  

  	
  RCH ENERGY OPPORTUNITY FUND II,

  LP

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By its General Partner, RCH Energy

  Opportunity Fund II GP, L.P.

  
	
   

  	
   

  
	
   

  	
  By its General
  Partner, RR Advisors, LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
   By:

  	
  /s/ Robert Raymond

  
	
   

  	
   

  	
   Name:

  	
  Robert Raymond

  
	
   

  	
   

  	
   Title:

  	
  Sole Member

  

 

[Signature Page to Registration Rights Agreement]

 

	
  

  	
  RCH ENERGY MLP FUND, LP

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By its General Partner, RCH Energy MLP

  Fund GP, L.P.

  
	
   

  	
   

  
	
   

  	
  By its General Partner,
  RR Advisors, LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Robert Raymond

  
	
   

  	
   

  	
   Name:

  	
  Robert Raymond

  
	
   

  	
   

  	
   Title:

  	
  Sole Member

  

 

[Signature Page to Registration Rights Agreement]

 

	
  

  	
  RCH ENERGY MLP FUND A, LP

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By its General Partner, RCH Energy MLP Fund GP, L.P.

  
	
   

  	
   

  
	
   

  	
  By its General Partner,
  RR Advisors, LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
   By:

  	
  /s/ Robert Raymond

  
	
   

  	
   

  	
   Name:

  	
  Robert Raymond

  
	
   

  	
   

  	
   Title:

  	
  Sole Member

  

 

[Signature Page to Registration Rights Agreement]

 

	
  

  	
  RESERVOIR MASTER FUND, LP

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By its General Partner, RMF GP, LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Craig Huff

  
	
   

  	
  Name: Craig
  Huff

  
	
   

  	
  Title:   President

  	
   

  
				

 

[Signature Page to Registration Rights Agreement]

 

	
  

  	
  D.E. SHAW SYNOPTIC PORTFOLIOS 5, L.L.C.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Daniel Posner

  
	
   

  	
   

  	
   Name:

  	
  Daniel Posner

  
	
   

  	
   

  	
   Title:

  	
  Authorized Signatory

  

 

[Signature Page to Registration Rights Agreement]

Schedule
2.01

	
  Purchaser

  	
   

  	
  Units

  	
   

  	
  Class D Units

  	
   

  	
  Gross Proceeds

  to Issuer

  	
   

  
	
  Structured Finance
  Americas, LLC

  	
   

  	
  723,362

  	
   

  	
  1,948,480

  	
   

  	
  $

  	
  83,499,998.37

  	
   

  
	
  Royal Bank of Canada

  	
   

  	
  433,316

  	
   

  	
  1,166,520

  	
   

  	
  $

  	
  49,998,019.13

  	
   

  
	
  Credit Suisse
  Management, LLC

  	
   

  	
  788,325

  	
   

  	
  2,109,456

  	
   

  	
  $

  	
  90,564,901.09

  	
   

  
	
  MLP Investment
  Holdings, Inc.

  	
   

  	
  823,333

  	
   

  	
  2,216,477

  	
   

  	
  $

  	
  95,000,036.25

  	
   

  
	
  AT MLP Fund, LLP

  	
   

  	
  173,333

  	
   

  	
  466,627

  	
   

  	
  $

  	
  20,000,007.36

  	
   

  
	
  Citigroup Financial
  Products Inc.

  	
   

  	
  390,000

  	
   

  	
  1,049,910

  	
   

  	
  $

  	
  45,000,017.33

  	
   

  
	
  Energy Income and
  Growth Fund

  	
   

  	
  25,999

  	
   

  	
  69,994

  	
   

  	
  $

  	
  2,999,969.16

  	
   

  
	
  Fiduciary/Claymore MLP
  Opportunity Fund

  	
   

  	
  60,666

  	
   

  	
  163,319

  	
   

  	
  $

  	
  6,999,971.04

  	
   

  
	
  MLP & Strategic
  Equity Fund Inc.

  	
   

  	
  65,001

  	
   

  	
  174,986

  	
   

  	
  $

  	
  7,500,065.86

  	
   

  
	
  Fir Tree Recovery
  Master Fund LP

  	
   

  	
  21,560

  	
   

  	
  58,044

  	
   

  	
  $

  	
  2,487,780.66

  	
   

  
	
  Fir Tree Value Master
  Fund, LP

  	
   

  	
  108,440

  	
   

  	
  291,926

  	
   

  	
  $

  	
  12,512,225.12

  	
   

  
	
  Strome MLP Fund, LP

  	
   

  	
  173,333

  	
   

  	
  466,627

  	
   

  	
  $

  	
  20,000,007.36

  	
   

  
	
  UBS AG London Branch

  	
   

  	
  86,666

  	
   

  	
  233,314

  	
   

  	
  $

  	
  10,000,003.17

  	
   

  
	
  ZLP Fund LP

  	
   

  	
  273,306

  	
   

  	
  734,624

  	
   

  	
  $

  	
  31,500,109.24

  	
   

  
	
  Omega Capital Partners,
  L.P.

  	
   

  	
  139,027

  	
   

  	
  374,274

  	
   

  	
  $

  	
  16,041,664.30

  	
   

  
	
  Omega SPV Partners IV,
  L.P.

  	
   

  	
  105,740

  	
   

  	
  284,660

  	
   

  	
  $

  	
  12,200,767.31

  	
   

  
	
  GS&Co Profit
  Sharing Master Trust

  	
   

  	
  23,753

  	
   

  	
  63,946

  	
   

  	
  $

  	
  2,740,765.80

  	
   

  
	
  Beta Equities, Inc.

  	
   

  	
  87,647

  	
   

  	
  235,953

  	
   

  	
  $

  	
  10,113,135.82

  	
   

  
	
  Omega Capital
  Investors, L.P.

  	
   

  	
  26,056

  	
   

  	
  70,144

  	
   

  	
  $

  	
  3,006,439.27

  	
   

  
	
  The Ministers and
  Missionaries Benefit Board of American

  Baptist Churches

  	
   

  	
  13,245

  	
   

  	
  35,656

  	
   

  	
  $

  	
  1,528,252.51

  	
   

  
	
  Omega Equity Investors,
  L.P.

  	
   

  	
  36,077

  	
   

  	
  97,123

  	
   

  	
  $

  	
  4,162,761.51

  	
   

  
	
  Presidential Life
  Corporation

  	
   

  	
  1,788

  	
   

  	
  4,812

  	
   

  	
  $

  	
  206,263.37

  	
   

  
	
  Leon G. Cooperman

  	
   

  	
  43,333

  	
   

  	
  116,656

  	
   

  	
  $

  	
  4,999,970.61

  	
   

  
	
  Perry Partners L.P.

  	
   

  	
  390,000

  	
   

  	
  1,049,910

  	
   

  	
  $

  	
  45,000,017.33

  	
   

  
	
  MRM Capital Corporation

  	
   

  	
  1,733,333

  	
   

  	
  4,666,264

  	
   

  	
  $

  	
  199,999.983.76

  	
   

  
	
  Goldman, Sachs & Co.

  	
   

  	
  303,333

  	
   

  	
  816,597

  	
   

  	
  $

  	
  35,000,013.14

  	
   

  
	
  Hare & Co. FBO
  Jennison Utility Fund

  	
   

  	
  342,333

  	
   

  	
  921,588

  	
   

  	
  $

  	
  39,500,014.87

  	
   

  
	
  Hare & Co. FBO
  Jennison Equity Income Fund

  	
   

  	
  34,667

  	
   

  	
  93,325

  	
   

  	
  $

  	
  4,000,001.88

  	
   

  
	
  Lehman Brothers MLP
  Opportunity Fund L.P.

  	
   

  	
  606,666

  	
   

  	
  1,633,193

  	
   

  	
  $

  	
  69,999,995.30

  	
   

  
	
  Lehman Brothers MLP
  Partners, L.P.

  	
   

  	
  693,333

  	
   

  	
  1,866,506

  	
   

  	
  $

  	
  79,999,999.49

  	
   

  
	
  Lehman Brothers
  Co-Investment

  Capital Partners, L.P.

  	
   

  	
  26,860

  	
   

  	
  72,310

  	
   

  	
  $

  	
  3,099,257.17

  	
   

  
	
  Lehman Brothers
  Co-Investment Group L.P.

  	
   

  	
  19,045

  	
   

  	
  51,270

  	
   

  	
  $

  	
  2,197,482.11

  	
   

  
	
  LBCIP Linn Holdings, LP

  	
   

  	
  734,095

  	
   

  	
  1,976,239

  	
   

  	
  $

  	
  84,703,264.41

  	
   

  
	
  LBPEP Linn Holdings
  L.L.C.

  	
   

  	
  86,667

  	
   

  	
  233,313

  	
   

  	
  $

  	
  10,000,004.19

  	
   

  
	
  LB1 Group Inc.

  	
   

  	
  86,667

  	
   

  	
  233,313

  	
   

  	
  $

  	
  10,000,004.19

  	
   

  
	
  New Mountain Vantage,
  L.P.

  	
   

  	
  32,700

  	
   

  	
  87,900

  	
   

  	
  $

  	
  3,769,023.39

  	
   

  
	
  New Mountain Vantage
  (California), L.P.

  	
   

  	
  32,800

  	
   

  	
  88,400

  	
   

  	
  $

  	
  3,787,710.44

  	
   

  
	
  New Mountain Vantage
  HoldCo Ltd.

  	
   

  	
  77,433

  	
   

  	
  208,427

  	
   

  	
  $

  	
  8,933,694.74

  	
   

  
	
  New Mountain Vantage
  (Texas), L.P.

  	
   

  	
  30,400

  	
   

  	
  81,900

  	
   

  	
  $

  	
  3,509,578.79

  	
   

  
	
  Morgan Stanley
  Strategic Investments, Inc.

  	
   

  	
  556,833

  	
   

  	
  1,499,038

  	
   

  	
  $

  	
  64,250,008.92

  	
   

  
	
  Gerald H. Smith

  	
   

  	
  8,666

  	
   

  	
  23,333

  	
   

  	
  $

  	
  1,000,030.68

  	
   

  
	
  The Northwestern Mutual
  Life Insurance Company

  	
   

  	
  260,000

  	
   

  	
  699,940

  	
   

  	
  $

  	
  30,000,011.55

  	
   

  
	
  Ore Hill Hub Fund Ltd.

  	
   

  	
  86,666

  	
   

  	
  233,314

  	
   

  	
  $

  	
  10,000,003.17

  	
   

  
	
  Meritage Investors LLC

  	
   

  	
  136,500

  	
   

  	
  367,469

  	
   

  	
  $

  	
  15,750,021.55

  	
   

  
	
  Standard General Fund L.P.

  	
   

  	
  130,000

  	
   

  	
  349,970

  	
   

  	
  $

  	
  15,000,005.78

  	
   

  

 

[Schedule 2.01]

 

	
  Purchaser

  	
   

  	
  Units

  	
   

  	
  Class D Units

  	
   

  	
  Gross Proceeds

  to Issuer

  	
   

  
	
  Greg D. Kerly

  	
   

  	
  43,333

  	
   

  	
  116,657

  	
   

  	
  $

  	
  5,000,001.58

  	
   

  
	
  Alerian Opportunity
  Partners VIII LP

  	
   

  	
  74,967

  	
   

  	
  201,816

  	
   

  	
  $

  	
  8,650,000.78

  	
   

  
	
  Alerian Capital
  Partners LP

  	
   

  	
  52,563

  	
   

  	
  141,505

  	
   

  	
  $

  	
  6,065,000.00

  	
   

  
	
  Alerian Focus Partners
  LP

  	
   

  	
  2,470

  	
   

  	
  6,649

  	
   

  	
  $

  	
  285,000.00

  	
   

  
	
  GPS Income Fund
  (Cayman) Ltd

  	
   

  	
  143,356

  	
   

  	
  398,710

  	
   

  	
  $

  	
  16,937,075.41

  	
   

  
	
  GPS Private Placement
  Fund LP

  	
   

  	
  433,332

  	
   

  	
  1,166,567

  	
   

  	
  $

  	
  49,999,986.91

  	
   

  
	
  Hartz Capital MLP, LLC

  	
   

  	
  69,333

  	
   

  	
  186,651

  	
   

  	
  $

  	
  8,000,002.74

  	
   

  
	
  Harvest Sharing LLC

  	
   

  	
  21,666

  	
   

  	
  58,328

  	
   

  	
  $

  	
  2,499,969.31

  	
   

  
	
  Harvest Infrastructure
  Partners Fund LLC

  	
   

  	
  43,334

  	
   

  	
  116,657

  	
   

  	
  $

  	
  5,000,033.58

  	
   

  
	
  Farrington Capital, LP

  	
   

  	
  43,333

  	
   

  	
  116,657

  	
   

  	
  $

  	
  5,000,001.58

  	
   

  
	
  Dresdner Bank Ag.

  	
   

  	
  433,333

  	
   

  	
  1,166,567

  	
   

  	
  $

  	
  50,000,018.91

  	
   

  
	
  RCH Energy Opportunity
  Fund II, LP

  	
   

  	
  86,667

  	
   

  	
  233,313

  	
   

  	
  $

  	
  10,000,004.19

  	
   

  
	
  RCH Energy MLP Fund, LP

  	
   

  	
  42,466

  	
   

  	
  114,324

  	
   

  	
  $

  	
  4,899,995.01

  	
   

  
	
  RCH Energy MLP Fund A,
  LP

  	
   

  	
  867

  	
   

  	
  2,333

  	
   

  	
  $

  	
  100,006.58

  	
   

  
	
  Reservoir Master Fund,
  LP

  	
   

  	
  86,666

  	
   

  	
  233,314

  	
   

  	
  $

  	
  10,000,003.17

  	
   

  
	
  D.E. Shaw Synoptic
  Portfolios 5, L.L.C.

  	
   

  	
  390,000

  	
   

  	
  1,049,910

  	
   

  	
  $

  	
  45,000,017.33

  	
   

  
	
  Total

  	
   

  	
  12,999,989

  	
   

  	
  34,997,005

  	
   

  	
  $

  	
  1,500,000,380.57

  	
   

  

 

[Signature Page to
Registration Rights Agreement]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00129-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00129-of-00352.parquet"}]]