Document:

SECURITIES
      PURCHASE AGREEMENT

     

    THIS
      SECURITIES PURCHASE AGREEMENT is entered into as of June
      15,
      2007
      (this “Agreement”), by and among the sellers listed on Schedule
      A
      attached
      hereto (collectively, the “Sellers” and individually each a “Seller”), on the
      one hand, and each of the buyers identified on Schedule
      B
      attached
      hereto (collectively, the “Buyers” and individually, each a “Buyer”). Each party
      to this Agreement is referred to herein as a “Party,” and they are all referred
      to collectively as “Parties.” 

     

    WITNESSETH:

     

    WHEREAS,
      the Sellers are the aggregate owners of 7,595,200 shares (the “Shares”) of the
      common stock, par value $0.001 per share (the “Common Stock”), of Asianada,
      Inc., a Nevada corporation (the “Company”), which, constitutes approximately 94%
      of the total outstanding shares of the Common Stock of the Company on a
      fully-diluted basis immediately prior to the Closing (as defined below);
      and

     

    WHEREAS,
      the Sellers desire to sell and the Buyers desire to purchase from the Sellers
      the Shares on the terms and conditions set forth herein.

     

    NOW,
      THEREFORE, in consideration of the premises and of the mutual representations,
      warranties and agreements set forth herein, the Parties hereto agree as
      follows:

     

    ARTICLE
      I

     

    SALE
      AND
      PURCHASE OF SHARES

     

    1.1 Incorporation
      of Recitals.
      The
      provisions and recitals set forth above are hereby referred to and incorporated
      herein and made a part of this Agreement by reference.

     

    1.2 Sale
      and Purchase of Shares.
      Subject
      to the terms and conditions of this Agreement, at the Closing, the Sellers
      hereby agree to sell to Buyers and Buyers agree to purchase from the Sellers
      the
      Shares for an aggregate purchase price of seven hundred thousand dollars
      ($700,000) (the “Purchase Price”), pro rata in proportion to the number of
      shares owned by such Seller, as set forth on Schedule
      A
      attached
      hereto. On the Closing Date (as defined below), the Purchase Price shall be
      delivered to the trust account of Sellers’ attorney, Gary S. Joiner, Tel: (303)
      494-3000, at the following bank:

     

     

    
      	
              Bank:

            	 	
              Vectra
                Bank Colorado 

            
	 	 	1700 Pearl
              Street
              
	 	 	Boulder,
              Co
              80302
	
              Account
                Name:

            	 	
              Frascona,
                Joiner, Goodman and Greenstein 

            
	 	 	Client
              Trust
              Account
	
              Account
                #:

            	 	
              4090100378

            
	
              ABA#:

            	 	
              102003154

            

    

     

    

    1.3 Closing.
      Subject
      to the terms and conditions of this Agreement, the closing of the transactions
      contemplated by this Agreement (the “Closing”) shall take place on June __, 2007
      (the “Closing Date”). On the Closing Date, the Sellers shall deliver to the
      Buyers: (a) stock certificate(s) evidencing the Shares in negotiable form,
      duly
      endorsed in blank, or with stock transfer powers attached thereto (the “Share
      Certificates”); (b) resignations of the officers and directors of the Company
      and their written appointment of one or more persons designated by Buyers as
      successor officers and directors; and (c) all corporate documents (minutes,
      resolutions, agreements and contracts), bank accounts, check books, common
      seals, memorandum and articles and amendments, etc. of the Company. On the
      Closing Date, the Buyers shall deliver to the Company the Purchase Price for
      the
      purchase of the Shares.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    1.4 Payments
      at Closing.
      On or
      before the Closing Date, the Company shall pay and discharge all outstanding
      liabilities (collectively, “Company Liabilities”). Such payments shall be made
      utilizing cash on hand on the Closing Date and the Purchase Price. Giving effect
      to these payments, it is the parties’ intent that the Company shall, on the
      Closing Date and as of the Closing, have no liabilities and no assets.

     

    ARTICLE
      II

     

    REPRESENTATIONS
      AND WARRANTIES OF THE SELLERS

     

    Except
      as
      set forth under the corresponding section of the disclosure schedules (the
      “Disclosure Schedules”) attached hereto as Exhibit
      A,
      which
      Disclosure Schedules shall be deemed a part hereof, the Sellers hereby, jointly
      and severally, represent and warrant to Buyer that now and as of the Closing:
      

     

    2.1 Due
      Organization and Qualification; Subsidiaries; Due Authorization.

     

    (a) The
      Company is a corporation duly incorporated, validly existing and in good
      standing under the laws of its jurisdiction of formation, with full corporate
      power and authority to own, lease and operate its business and properties and
      to
      carry on its business in the places and in the manner as presently conducted.
      The Company is duly qualified and in good standing as a foreign corporation
      in
      each jurisdiction in which the properties owned, leased or operated, or the
      business conducted, by it requires such qualification except for any failure
      to
      qualify, which when taken together with all other failures to qualify, is not
      likely to have a material adverse effect on the business of the
      Company.

     

    (b) The
      Company does not have, and has never had, any subsidiaries and does not own,
      directly or indirectly, any capital stock, equity or interest in any
      corporation, firm, partnership, joint venture or other entity.

     

    (c) Sellers
      are the record and beneficial owner of their respective Shares and have sole
      power and authority over the disposition of their respective Shares. The Shares
      are free and clear of any liens, claims, encumbrances, and charges. The Shares
      have not been sold, conveyed, encumbered, hypothecated or otherwise transferred
      by Sellers except pursuant to this Agreement. Sellers have the legal right
      to
      enter into and to consummate the transactions contemplated hereby and otherwise
      to carry out their obligations hereunder. This Agreement constitutes the valid
      and binding obligation of Sellers. The execution, delivery and performance
      by
      the Sellers of this Agreement does not violate any contractual restriction
      contained in any agreement which binds or affects or purports to bind or affect
      the Sellers. No Seller is a party to any agreement, written or oral, creating
      rights in respect of any of such Shares in any third party or relating to the
      voting of its Common Stock. No Seller is a party to any outstanding or
      authorized options, warrants, rights, calls, commitments, conversion rights,
      rights of exchange or other agreements of any character, contingent or
      otherwise, providing for the purchase, issuance or sale of any of the Shares,
      and there are no restrictions of any kind on the transfer of any of the Shares
      other than (a) restrictions on transfer imposed by the Securities Act of 1933,
      as amended (the “Securities Act”) and (b) restrictions on transfer imposed by
      applicable state securities or “blue sky” laws. Those creditors listed in the
      Disclosure Schedules are the only individuals or entities with any claims
      against the Company. Other than as set forth on the Disclosure Schedules, the
      Company does not have any obligations or liabilities of any nature (matured
      or
      unmatured, fixed or contingent).

     

    2.2 No
      Conflicts or Defaults.
      The
      execution and delivery of this Agreement by the Sellers and the consummation
      of
      the transactions contemplated hereby do not and shall not (a) contravene the
      Certificate of Incorporation or By-laws of the Company or (b) with or without
      the giving of notice or the passage of time (i) violate, conflict with, or
      result in a breach of, or a default or loss of rights under, any material
      covenant, agreement, mortgage, indenture, lease, instrument, commitment,
      arrangement, permit or license to which the Sellers or the Company is a party
      or
      by which the Sellers or the Company is bound (each a “Contract”), or any
      judgment, order or decree, or any federal, state or other statute, law,
      ordinance, rule or regulation to which the Sellers or the Company is subject,
      (ii) result in the creation of, or give any party the right to create, any
      mortgage, security interest, lien, charge, easement, lease, sublease, covenant,
      option, claim, restriction or encumbrance or any other right or adverse interest
      (“Liens”) upon any of the properties or assets of the Company, (iii) terminate
      or give any party the right to terminate, amend, abandon or refuse to perform,
      any Contract to which the Sellers or the Company is a party or by which the
      Company’s assets are bound, or (iv) accelerate or modify, or give any party the
      right to accelerate or modify, the time within which, or the terms under which,
      the Sellers or the Company is to perform any duties or obligations or receive
      any rights or benefits under any material agreement, arrangement or commitment
      to which it is a party.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    2.3 Capitalization.
      On the
      Closing Date, the authorized capital stock of the Company consists of 75,000,000
      shares of Common Stock, par value $0.001 per share, of which 8,080,000 shares
      are, as of the date hereof, issued and outstanding (the “Company Shares”).
The
      Company has no issued and outstanding shares of preferred stock. All
      of
      the Company Shares are duly authorized, validly issued, fully paid and
      nonassessable, and have not been issued in violation of any purchase option,
      call option, right of first refusal, preemptive right, subscription right,
      or
      any similar right of stockholders. The Company Shares are not, and the Shares
      are not and will not be as of the Closing, subject to any preemptive or
      subscription right. There is no outstanding voting trust agreement or other
      Contract, agreement, arrangement, option, warrant, call, commitment or other
      right of any character obligating or entitling the Company to issue, sell,
      redeem or repurchase any of its securities, and there is no outstanding security
      of any kind convertible into or exchangeable for the Common Stock of the
      Company, nor has the Company, or any of its agents orally agreed to issue any
      of
      the foregoing. There
      are
      no declared or accrued unpaid dividends with respect to any shares of the
      Company’s Common Stock. There are no agreements, written or oral, between the
      Company and any of its stockholders or among any stockholders relating to the
      acquisition (including without limitation rights of first refusal or preemptive
      rights), or disposition, or registration under the Securities Act or voting
      of
      the capital stock of the Company. There are no outstanding shares of Common
      Stock that are subject to vesting. The Company has no capital stock other than
      the Common Stock authorized, issued or outstanding.

     

    2.4 Financial
      Statements. 

     

    
      

(a) SEC
      Documents.
      The
      Sellers hereby make reference to the following documents filed with the United
      States Securities and Exchange Commission (the “SEC”), as posted on the SEC’s
      website, www.sec.gov: (collectively, the “SEC Documents”): (a) Registration of
      Securities Of Small Business Issuers on Form SB-2 as filed on August 22, 2006;
      and (b) Quarterly Reports on Form 10-QSB for the periods ended September 30,
      2006, December 31, 2006, and March 31, 2007, and all amendments thereto. The
      SEC
      Documents constitute all of the documents and reports that the Company was
      required to file with the SEC pursuant to the Securities Act of 1933, as amended
      (“Securities Act”), and the Securities Exchange Act of 1934, as amended
      (“Exchange Act”), and the rules and regulations promulgated thereunder by the
      SEC. The
      financial statements included in the SEC Documents include copies of the balance
      sheets of the Company at June 30, 2006, and the related statements of operations
      and stockholders’ cash flows for the fiscal years then ended, including the
      notes thereto, as audited by Madsen & Associates, CPA's, Inc., certified,
      independent accountants, and the balance sheet of the Company at September
      30,
      2006, December 31, 2006 and March 31, 2007 and the related statements of
      operations and stockholders’ cash flows for the three, six and nine-month
      periods, respectively, then ended prepared by the Company’s management (all such
      statements being referred to collectively as the “Company Existing Financial
      Statements”). All the Company Existing Financial Statements, together with the
      notes thereto, have been prepared in accordance with U.S. generally accepted
      accounting principles applied on a basis consistent throughout all periods
      presented. These Company Existing Financial Statements present fairly the
      financial position of the Company as of the dates and for the periods indicated.
      The books of account and other financial records of the Company have been
      maintained in accordance with good business practices. 

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    (b) Since
      the
      date of the latest Company Existing Financial Statements (the “Most Recent
      Date”), there has been no material adverse change in the condition, financial or
      otherwise, net worth, prospects or results of operations of the Company. Without
      limiting the foregoing, since the Most Recent Date:

     

    (i) the
      Company has not sold, leased, transferred or assigned any of its assets,
      tangible or intangible, other than in the ordinary course of
      business;

     

    (ii) the
      Company has not entered into any agreement, Contract, commitment, lease or
      license (or series of related agreements, Contracts, commitments, leases and
      licenses);

     

    (iii) no
      party
      (including the Company) has accelerated, terminated, modified or canceled any
      agreement, Contract, lease or license (or series of related agreements,
      Contracts, leases and licenses) to which the Company is a party or by which
      the
      Company or its assets are bound;

     

    (iv) the
      Company has not made any capital expenditure (or series of related capital
      expenditures) of whatever nature;

     

    (v) the
      Company has not made any capital investments in, any loans to, or any
      acquisitions of the securities or assets of any other person (or a series of
      related capital investments, loans and acquisitions);

     

    (vi) declared
      or paid any dividends or made any other distribution to its stockholders whether
      or not upon or in respect of any shares of its capital stock;

     

    (vii) redeemed
      or otherwise acquired any shares of its capital stock (except upon the exercise
      of outstanding options) or any option, warrant or right relating
      thereto;

     

    (viii) the
      Company has not issued any notes, bonds or other debt securities, or created,
      incurred, assumed or guaranteed any liabilities, obligations or indebtedness
      for
      borrowed money or capitalized lease obligation;

     

    (ix) the
      Company has not canceled, compromised, waived or released any right or claim
      (or
      series of related rights and claims) or material indebtedness;

     

    (x) the
      Company has not made any loans to, or entered into any other transactions with,
      any of its directors, officers, or employees; and

     

    (xi) the
      Company has not committed to do any of the foregoing.

     

    

    2.5 Further
      Financial Matters.
      The
      Company does not have any (a) assets of any kind or (b) liabilities or
      obligations, whether secured or unsecured, accrued, determined, absolute or
      contingent, asserted or unasserted or otherwise, which are required to be
      reflected or reserved in a balance sheet or the notes thereto under generally
      accepted accounting principles, and which are not reflected in the Company
      Existing Financial Statements. 

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    2.6 Taxes.
      The
      Company has filed all United States federal, state, county, local and foreign,
      national, provincial and local returns and reports which were required to be
      filed on or prior to the Closing Date hereof in respect of all income,
      withholding, franchise, payroll, excise, property, sales, use, value-added
      or
      other taxes or levies, imposts, duties, license and registration fees, charges,
      assessments or withholdings of any nature whatsoever (together, “Taxes”), and
      has paid all Taxes (and any related penalties, fines and interest) which have
      become due pursuant to such returns or reports or pursuant to any assessment
      which has become payable, or, to the extent its liability for any Taxes (and
      any
      related penalties, fines and interest) has not been fully discharged, the same
      have been properly reflected as a liability on the books and records of the
      Company and adequate reserves therefor have been established. All such returns
      and reports filed on or prior to the date hereof have been properly prepared
      and
      are true, correct (and to the extent such returns reflect judgments made by
      the
      Company, as the case may be, such judgments were reasonable under the
      circumstances) and complete in all material respects. The amount shown on the
      Company’s most recent balance sheet in the Company Existing Financial Statements
      as provision for taxes is sufficient in all material respects to pay all accrued
      and unpaid federal, state, local and foreign taxes for the period then ended
      and
      all prior periods. No tax return or tax return liability of the Company has
      been
      audited or, is presently under audit. The Company has not given or been
      requested to give waivers of any statute of limitations relating to the payment
      of any Taxes (or any related penalties, fines and interest). There are no claims
      pending or, to the knowledge of the Sellers, threatened, against the Company
      for
      past due Taxes. All payments for withholding taxes, unemployment insurance
      and
      other amounts required to be paid for periods prior to the date hereof to any
      governmental authority in respect of employment obligations of the Company,
      including, without limitation, amounts payable pursuant to the Federal Insurance
      Contributions Act, have been paid or shall be paid prior to the Closing and
      have
      been duly provided for on the books and records of the Company and in the
      Company Existing Financial Statements. All such amounts and penalties are set
      forth in the Company’s most recent balance sheet in the Company Existing
      Financial Statements.

     

    2.7 Indebtedness;
      Contracts; No Defaults; Liabilities.

     

    (a) The
      Company has no instruments, agreements, indentures, mortgages, guarantees,
      notes, commitments, accommodations, letters of credit or other arrangements
      or
      understandings, whether written or oral, to which the Company is a party.

     

    (b) Neither
      the Company, nor, to the Sellers’ knowledge, any other person or entity, is in
      breach of, or in default under any Contract, agreement, arrangement, commitment
      or plan to which the Company is a party, and no event or action has occurred,
      is
      pending or is threatened, which, after the giving of notice, passage of time
      or
      otherwise, would constitute or result in such a breach or default by the Company
      or, to the knowledge of the Sellers, any other person or entity. The Company
      has
      not received any notice of default under any Contract, agreement, arrangement,
      commitment or plan to which it is a party, which default has not been cured
      to
      the satisfaction of, or duly waived by, the party claiming such default on
      or
      before the date hereof.

     

    (c) Other
      than the Company Liabilities set forth on Schedule
      C,
      which
      shall be paid off immediately upon the closing, the Company has no
      liabilities.

    

    2.8 Real
      Property.
      The
      Company does not own or lease any real property. 

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    2.9 Compliance.
      

     

    (a) The
      Company is not conducting its respective business or affairs in violation of
      any
      applicable federal, state or local law, ordinance, rule, regulation, court
      or
      administrative order, decree or process, or any requirement of insurance
      carriers. The Company has not received any notice of violation or claimed
      violation of any such law, ordinance, rule, regulation, order, decree, process
      or requirement.

    

    (b) The
      Company is in compliance with all applicable federal, state, local and foreign
      laws, rules and regulations. There are no claims, notices, actions, suits,
      hearings, investigations, inquiries or proceedings pending or, to the knowledge
      of the Sellers, threatened against the Company, and there are no past or present
      conditions that the Company has reason to believe are likely to give rise to
      any
      liability or other obligations of the Company under any
      circumstances.

    

    2.10 Permits
      and Licenses.
      The
      Company has all certificates of occupancy, rights, permits, certificates,
      licenses, franchises, approvals and other authorizations as are reasonably
      necessary to conduct its business and to own, lease, use, operate and occupy
      its
      assets, at the places and in the manner now conducted and operated. The Company
      has not received any written or oral notice or claim pertaining to the failure
      to obtain any material permit, certificate, license, approval or other
      authorization required by any federal, state or local agency or other regulatory
      body, the failure of which to obtain would materially and adversely affect
      its
      business.

     

    2.11 Litigation.
      

     

    (a) There
      is
      no claim, dispute, action, suit, inquiry, proceeding or investigation pending
      or, to the knowledge of the Sellers, threatened, against or affecting the
      business of the Company, or challenging the validity or propriety of the
      transactions contemplated by this Agreement, at law or in equity or admiralty
      or
      before any federal, state, local, foreign or other governmental authority,
      board, agency, commission or instrumentality, nor has any such claim, dispute,
      action, suit, proceeding or investigation been pending or threatened during
      the
      12 month period preceding the date hereof; 

     

    (b) There
      is
      no outstanding judgment, order, writ, ruling, injunction, stipulation or decree
      of any court, arbitrator or federal, state, local, foreign or other governmental
      authority, board, agency, commission or instrumentality, against or affecting
      the business of the Company; and 

     

    (c) The
      Company has not received any written or verbal inquiry from any federal, state,
      local, foreign or other governmental authority, board, agency, commission or
      instrumentality concerning the possible violation of any law, rule or regulation
      or any matter disclosed in respect of its business.

     

    2.12 Insurance.
      The
      Company does not currently maintain any form of insurance. 

     

    2.13 Articles
      of Incorporation and By-laws; Minute Books.
      Copies
      of the Company’s Articles of Incorporation and its By-laws have been provided to
      the Buyer. Such copies of the Articles of Incorporation and By-laws (or similar
      governing documents) of the Company, and all amendments to each as provided
      are
      true, correct and complete. The minute books of the Company as forwarded to
      the
      Buyer contain true, correct and complete records of all meetings and consents
      in
      lieu of meetings of its Board of Directors (and any committees thereof), or
      similar governing bodies, since the time of its organization. The stock books
      of
      the Company as forwarded to the Buyer are true, correct and
      complete.

     

    2.14 Employee
      Benefit Plans.
      The
      Company does not maintain, nor has the Company maintained in the past, any
      employee benefit plans (“as defined in Section 3(3) of the Employee Retirement
      Income Security Act of 1974, as amended (“ERISA”)), or any plans, programs,
      policies, practices, arrangements or contracts (whether group or individual)
      providing for payments, benefits or reimbursements to employees, officers or
      consultants of the Company, former employees, officers or consultants of the
      Company, their beneficiaries and dependents under which such employees, officers
      or consultants, former employees, officers or consultants, their beneficiaries
      and dependents are covered through an employment relationship with the Company,
      any entity required to be aggregated in a controlled group or affiliated service
      group with the Company for purposes of ERISA or the Internal Revenue Code of
      1986 (the “Code”) (including, without limitation, under Section 414(b), (c), (m)
      or (o) of the Code or Section 4001 of ERISA, at any relevant time (“Benefit
      Plans”).

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    2.15 Patents;
      Trademarks and Intellectual Property Rights.
      The
      Company does not own or possess any patents, trademarks, service marks, trade
      names, copyrights, trade secrets, licenses, information, Internet web site(s)
      or
      proprietary rights of any nature. The business conducted by the Company has
      not
      and will not cause the Company to infringe or violate any of the patents,
      trademarks, service marks, trade names, copyrights, mask-works, licenses, trade
      secrets, processes, data, know-how or other intellectual property rights of
      any
      other person.

     

    2.16 Brokers.
      The
      Company or the Sellers have not agreed to or incurred any obligation or other
      liability that could be claimed against the Company, Sellers or Buyers or any
      other person for any finder’s fee, brokerage commission or similar payment,
      other than as set forth in a Financial Services Agreement between Trinad Capital
      Master Fund, Ltd. and RP Capital, LLC.

     

    2.17 Affiliate
      Transactions.
      No
      officer, director, employee or other affiliate of the Company (or any of the
      relatives or affiliates of any of the aforementioned persons) is a party to
      any
      agreement, Contract, commitment or transaction with the Company or affecting
      the
      business of the Company, or has any interest in any property, whether real,
      personal or mixed, or tangible or intangible, used in or necessary to the
      Company which will subject the Company to any liability or obligation from
      and
      after the Closing Date.

     

    2.18 Quotation
      on OTCBB.
      The
      Company’s Common Stock is currently eligible for quotation on the OTC Bulletin
      Board (the “Bulletin Board”), and the Company has not received any notices that
      its Common Stock will not be eligible for quotation on the Bulletin
      Board.

     

    2.19 Compliance.
      The
      Company has complied with the requirements of the Exchange Act and the
      Securities Act, and is current in its filings under the Exchange Act and the
      Securities Act.

     

    2.20 Filings.
      None of
      the filings made by the Company under the Exchange Act or the Securities Act
      contain any untrue statement of a material fact or omit to state a material
      fact
      necessary in order to make the statements made, in light of the circumstances
      under which they were made, not misleading.

     

    2.21 Consents.
      Other
      than any applicable Current Report on Form 8-K under the Exchange Act, any
      Section 13(a) or 15(d) filings and the Information Statement contemplated by
      Section 4.1(b) hereof, no consent, waiver, approval, order or authorization
      of,
      or registration, declaration or filing with, any court, administrative agency
      or
      commission or other federal, state, county, local or other foreign governmental
      authority, instrumentality, agency or commission (“Governmental Entity”) is
      required by or with respect to the Sellers in connection with the execution
      and
      delivery of this Agreement and any related agreements to which the Sellers
      are a
      party or the consummation of the transactions contemplated hereby and thereby,
      except for such consents, waivers, approvals, orders, authorizations,
      registrations, declarations and filings as may be required under applicable
      securities laws.

     

    2.22 Schedules.
      All
      lists or other statements, information or documents set forth in, or attached
      to
      any Schedule provided pursuant to this Agreement or delivered hereunder shall
      be
      deemed to be representations and warranties by the Company with the same force
      and effect as if such lists, statements, information and documents were set
      forth herein. Any list, statement, document or any information set forth in,
      or
      attached to any Schedule provided pursuant to this Agreement or delivered
      hereunder shall not be deemed to constitute disclosure for the purposes of
      any
      other Schedule provided pursuant to this Agreement unless specific cross
      reference is made and shall survive after closing.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    2.23 Environmental
      Matters.
      The
      Company has never: (i) operated any underground storage tanks at any
      property that the Company has at any time owned, operated, occupied or leased;
      or (ii) illegally released any material amount of any substance that has
      been designated by any Governmental Entity or by applicable foreign, federal,
      state, or local law to be radioactive, toxic, hazardous or otherwise a danger
      to
      health or the environment, including, without limitation, PCBs, asbestos,
      petroleum, and urea-formaldehyde and all substances listed as hazardous
      substances pursuant to the Comprehensive Environmental Response, Compensation,
      and Liability Act of 1980, as amended, or defined as a hazardous waste pursuant
      to the United States Resource Conservation and Recovery Act of 1976, as amended,
      and the regulations promulgated pursuant to said laws), but excluding office
      and
      janitorial supplies properly and safely maintained.

     

    2.24 Representations
      and Warranties.
      The
      representations and warranties of the Sellers included in this Agreement and
      any
      list, statement, document or information set forth in, attached to any Schedule
      provided pursuant to this Agreement or delivered hereunder, are true and
      complete in all material respects and do not contain any untrue statement of
      a
      material fact or omit to state a material fact required to be stated herein
      or
      therein or necessary to make the statements contained herein or therein not
      misleading, under the circumstance under which they were made and shall survive
      after closing as set forth herein.

     

    ARTICLE
      III

     

    REPRESENTATIONS
      AND WARRANTIES OF THE BUYERS

     

    Each
      of
      the Buyers hereby represents and warrants to the Company, severally and not
      jointly, that now and as of the Closing:

     

    3.1 Authority
      Relative to this Agreement.
      Such
      Buyer has the requisite power and/or authority to enter into this Agreement
      and
      carry out his/her obligations hereunder. This Agreement has been duly and
      validly executed and delivered by the Buyer and constitutes a valid and binding
      obligation of the Buyer, enforceable in accordance with its terms, except as
      such enforcement may be limited by bankruptcy, insolvency or other similar
      laws
      affecting the enforcement of creditors' rights generally or by general
      principles of equity. 

     

    3.2  Buyer
      Representation Regarding the Securities.
      Such
      Buyer understands that the Shares are “restricted securities” and have not been
      registered under the Securities Act or any applicable state securities law
      and
      such Buyer is acquiring the Shares as principal for its own account and not
      with
      a view to or for distributing or reselling such Shares or any part thereof,
      has
      no present intention of distributing any of such Shares and has no arrangement
      or understanding with any other persons regarding the distribution of such
      Shares (this representation and warranty not limiting such Buyer’s right to sell
      the Shares pursuant to the Registration Statement or otherwise in compliance
      with applicable federal and state securities laws). The Buyer is acquiring
      the
      Shares hereunder in the ordinary course of its business. The Buyer does not
      have
      any agreement or understanding, directly or indirectly, with any person to
      distribute any of the Shares.

    

    3.3  Buyer
      Status.
      At the
      time the Buyer receives any of the Shares, the Buyer will be an “accredited
      investor” as defined in Rule 501(a)(1), (a)(2), (a)(3), (a)(7) or (a)(8) under
      the Securities Act. 

    

    3.4  Experience
      of the Buyer.
      Such
      Buyer, either alone or together with its representatives, have such knowledge,
      sophistication and experience in business and financial matters so as to be
      capable of evaluating the merits and risks of the prospective investment in
      the
      Shares, and has so evaluated the merits and risks of such investment. The Buyer
      is able to bear the economic risk of an investment in the Shares and, at the
      present time, is able to afford a complete loss of such
      investment.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    3.5  General
      Solicitation.
      The
      Buyer is not receiving the Shares as a result of any advertisement, article,
      notice or other communication regarding the Shares published in any newspaper,
      magazine or similar media or broadcast over television or radio or presented
      at
      any seminar or any other general solicitation or general
      advertisement.

    

    ARTICLE
      IV

     

    COVENANTS
      OF THE SELLERS

     

     

    4.1 Resignation
      and Appointment of the Company’s Officers and Directors. 

     

    (a) Effective
      as of the Closing Date, or such later date as agreed to between the Buyers
      and
      Sellers, (i) the Sellers will cause the Company’s officers to resign and be duly
      replaced by the Buyer’s designees; and (ii) the Sellers will cause the Company
      to cause the Buyer’s director designees to be duly appointed. 

     

    (b) As
      directed by Buyers, the Sellers will use best efforts to ensure that the
      Company’s current directors will remain directors of the Company until the
      expiration of the 10-day period beginning on the date of the filing of the
      Information Statement relating to a change in majority of directors of the
      Company with the SEC pursuant to Rule 14f-1 promulgated under the Exchange
      Act
      (“Information Statement”).

     

    ARTICLE
      V

     

    DELIVERIES
      & CONDITIONS

     

    5.1 Items
      to be delivered to the Buyers at the Closing by the Sellers.
      The
      Buyers’ obligations to purchase the Shares hereunder is conditioned on the
      following closing conditions and deliveries:

     

    (a) Delivery
      by the Sellers of the following:

     

    (i) copies
      of
      the Company’s Articles of Incorporation and amendments thereto, By-laws and
      amendments thereto;

     

    (ii) all
      minutes and resolutions of the board of directors and of the stockholders (and
      meetings of stockholders) in possession of the Company;

     

    (iii) stockholder
      list of the Company;

     

    (iv) all
      financial statements and tax returns in possession of the Company;

     

    (v) all
      applicable schedules hereto;

     

    (vi) Letters
      of resignation from the Company’s current officers and directors to be effective
      upon Closing and confirming that they have no claim against the Company in
      respect of any outstanding remuneration or fees of whatever nature to be
      effective upon closing and after the appointments, with the resignation of
      the
      directors to take effect on the expiration of the 10-day period beginning on
      the
      date of the filing of the Information Statement; 

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    (vii) Executed
      board resolutions authorizing and approving the actions to be performed by
      the
      Company hereunder and appointing designees of the Buyers as members of the
      board
      of directors or officers of the Company as set forth in Schedule
      D;

     

    (viii) A
      certificate of the Secretary or Assistant Secretary of the Company, dated as
      of
      the Closing Date, certifying as to (i) the incumbency of officers of the Company
      executing this Agreement and all exhibits and schedules hereto and all other
      documents, instruments and writings required pursuant to this Agreement (the
      “Transaction Documents”), (ii) a copy of the Articles of Incorporation and
      By-Laws of the Company, as in effect on and as of the Closing Date, and (iii)
      a
      copy of the resolutions of the Board of Directors of the Company authorizing
      and
      approving the Company’s execution, delivery and performance of the Transaction
      Documents, all matters in connection with the Transaction Documents, and the
      transactions contemplated thereby;

     

    (ix) A
      certificate, executed by the President of the Company as of the Closing Date,
      certifying to the fulfillment of all of the conditions to the Buyers’
obligations under this Agreement and certifying that each of the representations
      and warranties of the Sellers as set forth in Section 2 of this Agreement are
      true and correct in all material respects as of the Closing Date as though
      made
      on and as of the Closing Date;

     

    (x) A
      duly
      executed copy of this Agreement;

     

    (xi) The
      Share
      Certificates;

     

    (xii) Good
      standing and existence certificates for the Company from the State of Nevada;
      and

     

    (xiii) Any
      other
      document reasonably requested by the Buyers that the Buyers deem necessary
      for
      the consummation of this transaction.

     

    (b) The
      Buyers
      are satisfied with their due diligence investigation of the Company, in their
      sole discretion;
      

     

    (c) The
      Buyers’ designees for the officer and director positions of the Company shall
      have been duly appointed; and

     

    (d) The
      representations and warranties set forth in Article 2 of this Agreement shall
      be
      true and correct in all material respects. 

     

    5.2 Items
      to
      be delivered at Closing by Buyers. The Seller’s obligations to sell the Shares
      hereunder are conditioned on the following closing conditions and deliveries
      by
      the Buyers:

     

    (a) All
      applicable exhibits and schedules hereto;

     

    (b) A
      duly
      executed copy of this Agreement;

     

    (c) An
      authorized officer of the Buyers shall deliver to the Sellers at the Closing
      a
      certificate certifying that each of the representations and warranties of the
      Buyers as set forth in Section 3 of this Agreement are true and correct in
      all
      material respects as of the Closing Date as though made on and as of the Closing
      Date;

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    (d) Any
      other
      document reasonably requested by the Sellers that they deem necessary for the
      consummation of this transaction;
      and

     

    (e) The
      Purchase Price.

     

    ARTICLE
      VI
      

    

    TERMINATION

     

    6.1 Termination.
      This
      Agreement may be terminated:

     

    (a) at
      any
      time before, or at, Closing by written notice of the Buyers; 

     

    (b) prior
      to
      the Closing by any Party at any time if
      any
      provision (including, but not limited to, the representations and warranties)
      of
      this Agreement that is applicable to or required to be performed by the other
      Party shall be materially untrue or shall become incapable of being accomplished
      or if any conditions set forth in Article 5 hereof have not been fully satisfied
      as of the Closing Date;

     

    Upon
      termination of this Agreement for any reason, in accordance with the terms
      and
      conditions set forth in this paragraph, each Party shall bear its own costs
      and
      expenses. 

     

    ARTICLE
      VII

     

    INDEMNIFICATION

    

    7.1 Indemnification.

     

    (a) Obligation
      of Sellers to Indemnify.
      Sellers
      agree to indemnify, defend and hold harmless Buyers (and their directors,
      officers, employees, affiliates, stockholders, debenture holders, agents,
      attorneys, successors and assigns) from and against all losses, liabilities,
      damages, deficiencies, costs or expenses (including interest, penalties and
      reasonable attorneys’ and consultants’ fees and disbursements) (collectively,
“Losses”) based upon, arising out of or otherwise in respect of any (i)
      inaccuracy in any representation or warranty of the Sellers contained in this
      Agreement or (ii) breach by the Sellers of any covenant or agreement contained
      in this Agreement.

     

    (b) Obligation
      of Buyers to Indemnify.
      Buyers
      agrees to indemnify, defend and hold harmless Sellers from and against all
      Losses based upon, arising out of or otherwise in respect of any (i) inaccuracy
      in any representation or warranty of the Buyers contained in this Agreement
      or
      (ii) breach by the Buyers of any covenant or agreement contained in this
      Agreement.

     

    (c) Notice
      and Opportunity to Defend.
      Promptly after receipt by any person entitled to indemnity under this Agreement
      (an “Indemnitee”) of notice of any demand, claim or circumstances which, with
      the lapse of time, would or might give rise to a claim or the commencement
      (or
      threatened commencement) of any action, proceeding or investigation (an
“Asserted Liability”) that may result in a Loss, the Indemnitee shall give
      notice thereof (the “Claims Notice”) to any other party (or parties) who is or
      may be obligated to provide indemnification pursuant to Section 7.1(a) (the
      “Indemnifying Party”). The Claims Notice shall describe the Asserted Liability
      in reasonable detail and shall indicate the amount (estimated, if necessary
      and
      to the extent feasible) of the Loss that has been or may be suffered by the
      Indemnitee.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    (d) The
      Indemnifying Party may elect to compromise or defend, at its own expense and
      by
      its own counsel, any Asserted Liability. If the Indemnifying Party elects to
      compromise or defend such Asserted Liability, it shall within 30 days after
      the
      date the Claims Notice is given (or sooner, if the nature of the Asserted
      Liability so requires) notify the Indemnitee of its intent to do so, and the
      Indemnitee shall cooperate, at the expense of the Indemnifying Party, in the
      compromise of, or defense against, such Asserted Liability. If the Indemnifying
      Party elects not to compromise or defend the Asserted Liability, fails to notify
      the Indemnitee of its election as herein provided or contests its obligation
      to
      indemnify under this Agreement, the Indemnitee may pay, compromise or defend
      such Asserted Liability and all reasonable expenses incurred by the Indemnitee
      in defending or compromising such Asserted Liability, all amounts required
      to be
      paid in connection with any such Asserted Liability pursuant to the
      determination of any court, governmental or regulatory body or arbitrator,
      and
      amounts required to be paid in connection with any compromise or settlement
      consented to by the Indemnitee, shall be borne by the Indemnifying Party. Except
      as otherwise provided in the immediately preceding sentence, the Indemnitee may
      not settle or compromise any claim over the objection of the Indemnifying Party.
      In any event, the Indemnitee and the Indemnifying Party may participate, at
      their own expense, in (but the Indemnitee may not control) the defense of such
      Asserted Liability. If the Indemnifying Party chooses to defend any claim,
      the
      Indemnitee shall make available to the Indemnifying Party any books, records
      or
      other documents within its control that are necessary or appropriate for such
      defense.

     

    

    ARTICLE
      VIII

     

    MISCELLANEOUS

     

    8.1 Survival
      of Representations, Warranties and Agreements.
      All
      representations, warranties and statements made by a Party in this Agreement
      or
      in any document or certificate delivered pursuant hereto shall survive the
      Closing Date. Each of the Parties hereto is executing and carrying out the
      provisions of this Agreement in reliance upon the representations, warranties
      and covenants and agreements contained in this Agreement or at the Closing
      of
      the transactions herein provided for and not upon any investigation which it
      might have made or any representation, warranty, agreement, promise or
      information, written or oral, made by the other Party or any other person other
      than as specifically set forth herein.

     

    8.2 Access
      to Books and Records.
      During
      the course of this transaction through Closing, the Sellers agrees to make
      available for inspection all Company corporate books, records and assets, and
      otherwise afford the Buyers and their respective representatives, reasonable
      access to all documentation and other information concerning the business,
      financial and legal conditions of the Company for the purpose of conducting
      a
      due diligence investigation thereof. Such due diligence investigation shall
      be
      for the purpose of satisfying each Party as to the business, financial and
      legal
      condition of the Company for the purpose of determining the desirability of
      consummating the proposed transaction. The Parties further agree to keep
      confidential and not use for their own benefit, except in accordance with this
      Agreement any information or documentation obtained in connection with any
      such
      investigation.

     

    8.3 Further
      Assurances.
      If, at
      any time after the Closing, the Parties hereby mutually agree
      that any further deeds, assignments or assurances in law or any other things
      are
      necessary, desirable or proper to complete the transactions contemplated hereby
      in accordance with the terms of this Agreement or to vest, perfect or confirm,
      of record or otherwise, the title to any property or rights of the Parties
      hereto, the Parties agree that their proper officers and directors shall execute
      and deliver all such proper deeds, assignments and assurances in law and do
      all
      things necessary, desirable or proper to vest, perfect or confirm title to
      such
      property or rights and otherwise to carry out the purpose of this Agreement,
      and
      that the proper officers and directors the Parties are fully authorized to
      take
      any and all such action.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    8.4 Notice.
      All
      communications, notices, requests, consents or demands given or required under
      this Agreement shall be in writing and shall be deemed to have been duly given
      when delivered to, or received by prepaid registered or certified mail or
      recognized overnight courier addressed to, or upon receipt of a facsimile sent
      to, the Party for whom intended, as follows, or to such other address or
      facsimile number as may be furnished by that Party by notice in the manner
      provided herein:

     

    
      	
              If
                to the Sellers:

            	 
	
            	Gary
              S. Joiner
	 	Frascona,
              Joiner,
              Goodman and Greenstein
	 	4750
              Table Mesa Drive
	 	Boulder,
              Colorado 80305-5575
	 	Tel:
              303-494-3000
	 	Fax:
              303-494-6309
	 	 
	
              If
                to Buyers:

            	 
	 	Trinad
              Capital Master Fund, Ltd.
	 	2121
              Avenue of the Stars
	 	Suite
              2550
	 	Los
              Angeles, CA 90067
	 	Attn:
              Jay Wolf
	 	Tel:
              310-601-2500
	 	Fax:
              310-277-2741
	 	 
	
              With
                a copy to:

            	 
	 	 
	 	Mintz,
              Levin, Cohn, Ferris, Glovsky and Popeo, P.C.
	 	Chrysler
              Center
	 	666
              Third Avenue
	 	New
              York, NY 10017
	 	Attn:
              Kenneth Koch, Esq.
	 	Fax:
              212-983-3115

    

    

    8.5 Entire
      Agreement.
      This
      Agreement, the Exhibits and Schedules hereto and any instruments and agreements
      to be executed pursuant to this Agreement, set forth the entire understanding
      of
      the Parties hereto with respect to its subject matter, merges and supersedes
      all
      prior and contemporaneous understandings with respect to its subject matter
      and
      may not be waived or modified, in whole or in part, except by a writing signed
      by each of the Parties hereto. No waiver of any provision of this Agreement
      in
      any instance shall be deemed to be a waiver of the same or any other provision
      in any other instance. Failure of any Party to enforce any provision of this
      Agreement shall not be construed as a waiver of its rights under such
      provision.

     

    8.6 Successors
      and Assigns.
      This
      Agreement shall be binding upon, enforceable against and inure to the benefit
      of, the Parties hereto and their respective heirs, administrators, executors,
      personal representatives, successors and assigns, and nothing herein is intended
      to confer any right, remedy or benefit upon any other person. This Agreement
      may
      not be assigned by the Sellers except with the prior written consent of the
      Buyers. This Agreement and all of the obligations of the Sellers may be assigned
      by the Buyers without the prior notice to the Sellers or written consent of
      the
      Sellers and upon assignment, all of the rights and obligations of Buyer shall
      be
      the rights and obligations of the Buyers’ designated assignee.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    8.7 Governing
      Law.
      This
      Agreement shall in all respects be governed by and construed in accordance
      with
      the laws of the State of California, USA that are applicable to agreements
      made
      and fully to be performed in such state, without giving effect to conflicts
      of
      law principles.

     

    8.8 Counterparts.
      This
      Agreement may be executed in multiple counterparts, each of which shall be
      deemed an original, but all of which together shall constitute one and the
      same
      instrument.

     

    8.9 Construction.
      Headings contained in this Agreement are for convenience only and shall not
      be
      used in the interpretation of this Agreement. References herein to Articles,
      Sections and Exhibits are to the articles, sections and exhibits, respectively,
      of this Agreement. The Schedules hereto are hereby incorporated herein by
      reference and made a part of this Agreement. As used herein, the singular
      includes the plural, and the masculine, feminine and neuter gender each includes
      the others where the context so indicates.

     

    8.10 Severability.
      If any
      provision of this Agreement is held to be invalid or unenforceable by a court
      of
      competent jurisdiction, this Agreement shall be interpreted and enforceable
      as
      if such provision were severed or limited, but only to the extent necessary
      to
      render such provision and this Agreement enforceable.

     

    8.11 Arbitration.
      Any
      controversy arising out of, connected to, or relating to any matters herein
      of
      the transactions with the Parties hereto on behalf of the undersigned, or this
      Agreement, or the breach thereof, including, but not limited to any claims
      of
      violations of federal and/or state securities laws, banking statutes, consumer
      protection statutes, federal and/or state anti-racketeering (e.g. RICO) claims
      as well as any common law claims and any state law claims of fraud, negligence,
      negligent misrepresentations, and/or conversion, or the laws of any territory,
      country or jurisdiction, shall be settled by arbitration; and in accordance
      with
      this paragraph any judgment on the arbitrator’s award may be entered in any
      court having jurisdiction thereof. In the event of such a dispute, each Party
      agrees to arbitration conducted through the auspices of American Arbitration
      Association. Venue for any action shall lie in Nevada, USA.

     

    8.12 Confidentiality;
      Public Disclosure.
      Each of
      the parties hereto hereby agrees that the information obtained pursuant to
      the
      negotiation and execution of this Agreement shall be treated as confidential
      and
      not be disclosed to third parties who are not agents of one of the Parties
      to
      this Agreement.

     

    8.13 Notification
      of Certain Matters.
      Each
      Party shall give prompt notice to the other of (i) the occurrence or
      non-occurrence of any event, the occurrence or non-occurrence of which is likely
      to cause any representation or warranty of such party contained in this
      Agreement to be untrue or inaccurate and (ii) any failure of such Party to
      comply with or satisfy any covenant, condition or agreement to be complied
      with
      or satisfied by it hereunder; provided,
      however,
      that
      the delivery of any notice pursuant to this Section shall not limit or
      otherwise affect any remedies available to the Party receiving such notice.
      Further, disclosure pursuant to this Section shall not be deemed to amend
      or supplement the Schedules hereto or prevent or cure any
      misrepresentations, breach of warranty or breach of covenant.

     

    8.14 Currency.
      The
      parties hereto agree that all monetary amounts set forth herein are referenced
      in United States dollars, unless otherwise stated.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    8.15 Rules
      of Construction.
      The
      parties hereto agree that they have been represented by counsel during the
      negotiation and execution of this Agreement and, therefore, waive the
      application of any law, regulation, holding or rule of construction providing
      that ambiguities in an agreement or other document will be construed against
      the
      Party drafting such agreement or document.

     

    8.16 Counterparts.
      This
      Agreement may be executed in counterparts and by facsimile signatures. In the
      event that any signature is delivered by facsimile transmission, such signature
      shall create a valid and binding obligation of the Party executing (or on whose
      behalf such signature is executed) with the same force and effect as if such
      facsimile signature page were an original thereof. All such counterparts shall
      together constitute one and the same instrument.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    IN
      WITNESS WHEREOF, each of the Parties hereto has executed this Agreement as
      of
      the date first set forth above.

    

    
      	 	SELLERS:
	 	 
	 	[Signatures set forth on Schedule
              A]
	 	 
	 	 
	 	 
	 	BUYERS:
	 	 
	 	[Signatures set forth on Schedule
              B]

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Schedule
      A

    Sellers

    

    

    

    
      	
              Sellers

            	
              Shares

            	 	
              Signature

            
	 	 	 	 
	
              Ian
                Y.B. He

            	
              1,000,000

            	 	
              /s/
                Ian Y.B. He

            
	 	 	 	 
	
              Helen
                Gao

            	
              1,000,000

            	 	
              /s/
                Helen Gao

            
	 	 	 	 
	
              Ying
                Wang 

            	
              400,000

            	 	
              /s/
                Ying Wang

            
	 	 	 	 
	
              Sheje
                Chen

            	
              400,000

            	 	
              /s/
                Sheje Chen

            
	 	 	 	 
	
              Jiezhen
                Cheng

            	
              400,000

            	 	
              /s/
                Jiezhen Cheng

            
	 	 	 	 
	
              Xiang
                Wen Li

            	
              400,000

            	 	
              /s/
                Xiang Wen Li

            
	 	 	 	 
	
              Jingzhi
                Zhang

            	
              400,000

            	 	
              /s/
                Jingzhi Zhang

            
	 	 	 	 
	
              Yenyou
                Zheng

            	
              395,200

            	 	
              /s/
                Yenyou Zheng

            
	 	 	 	 
	
              Huoqi
                Chen

            	
              400,000

            	 	
              /s/
                Huoqi Chen

            
	 	 	 	 
	
              Ouyang
                Chen

            	
              400,000

            	 	
              /s/
                Ouyang Chen

            
	 	 	 	 
	
              Wei
                Gao

            	
              400,000

            	 	
              /s/
                Wei Gao

            
	 	 	 	 
	
              Honglei
                Liu

            	
              400,000

            	 	
              /s/
                Honglei Liu

            
	 	 	 	 
	
              Suran
                Liu

            	
              400,000

            	 	
              /s/
                Suran Liu

            
	 	 	 	 
	
              Xueying
                Zeng

            	
              400,000

            	 	
              /s/
                Xueying Zeng

            
	 	 	 	 
	
              Bin
                Zhang

            	
              400,000

            	 	
              /s/
                Bin Zhang

            
	 	 	 	 
	
              Tianying
                Zheng

            	
              400,000

            	 	
              /s/
                Tianying Zheng

            
	 	 	 	 
	
              TOTAL:

            	
              7,595,200

            	 	 

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Schedule
      B

    Buyers

    

    
      	
              Buyers

            	
              Shares

            	 	
              Consideration

            	 	
              Signature

            
	 	 	 	 	 	 
	
              Trinad
                Capital Master Fund, Ltd.

            	
              7,595,200

            	 	
              $700,000

            	 	
              /s/
                Jay A. Wolf

            
	
              TOTAL:

            	
              7,595,200

            	 	
              $700,000

            	 	 

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Schedule
      C

    Schedule
      of Liabilities

    

    

    ● Accountants’
      fees in the amount of $885.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Schedule
      D

    Officer
      and Director Appointments

    

    

    

    Officers:

    

    
      	 	
              Name:

            	 	
              Position:

            
	 	
              Robert
                S. Ellin

            	 	
              Chief
                Executive Officer and President

            
	 	
              Charles
                Bentz 

            	 	
              Chief
                Financial Officer and Treasurer

            
	 	
              Jay
                Wolf

            	 	
              Secretary

            

    

    

    

    Directors:

    

    
      	 	
              Robert
                S. Ellin

            
	 	
              Barry
                Regenstein

            

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Exhibit
      A

    

    Disclosure
      Schedules

    

    None.AMENDED
      AND RESTATED CREDIT AGREEMENT

    

    Dated
      as
      of June 21, 2007

    

    among

     

    DCP
      MIDSTREAM OPERATING, LP 

    as
      the
      Borrower,

    

    DCP
      MIDSTREAM PARTNERS, LP

    and
      its
      subsidiaries

    as
      Guarantors,

    

    THE
      LENDERS PARTY
      HERETO

    

    and

    

    WACHOVIA
      BANK, NATIONAL ASSOCIATION,

    as
      Administrative Agent

    

    
      
        

      

    

    

    SUNTRUST
      BANK,

    

    as
      Syndication Agent,

    

    and

    

    WACHOVIA
      CAPITAL MARKETS, LLC

    

    and

    

    SUNTRUST
      CAPITAL MARKETS, INC.,

    

    as
      Co-Lead Arrangers and Joint Book Runners

    

    
      

      

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    TABLE
      OF CONTENTS

    
      

      
        	
                SECTION
                  1. DEFINITIONS AND ACCOUNTING TERMS

              	
                1

              
	 	
                1.1

              	
                Definitions

              	
                1

              
	 	
                1.2

              	
                Computation
                  of Time Periods

              	
                22

              
	 	
                1.3

              	
                Accounting
                  Terms

              	
                22

              
	 	
                1.4

              	
                Time

              	
                22

              
	 	 
	
                SECTION
                  2. LOANS

              	
                23

              
	 	
                2.1

              	
                Revolving
                  and Term Loans

              	
                23

              
	 	
                2.2

              	
                Letters
                  of Credit

              	
                24

              
	 	
                2.3

              	
                Method
                  of Borrowing for Revolving Loans

              	
                29

              
	 	
                2.4

              	
                Funding
                  of Revolving Loans

              	
                29

              
	 	
                2.5

              	
                Continuations
                  and Conversions

              	
                30

              
	 	
                2.6

              	
                Minimum
                  Amounts

              	
                30

              
	 	
                2.7

              	
                Reductions
                  of Revolving Committed Amount

              	
                30

              
	 	
                2.8

              	
                Swingline
                  Loans

              	
                30

              
	 	
                2.9

              	
                Notes

              	
                32

              
	 	
                2.10

              	
                Increases
                  in Revolving Committed Amount

              	
                32

              
	 	
                2.11

              	
                Extension
                  of Revolver Maturity Date

              	
                33

              
	 	 
	
                SECTION
                  3. PAYMENTS

              	
                35

              
	 	
                3.1

              	
                Interest

              	
                35

              
	 	
                3.2

              	
                Prepayments

              	
                35

              
	 	
                3.3

              	
                Payment
                  of Loans in full at Maturity

              	
                36

              
	 	
                3.4

              	
                Fees

              	
                36

              
	 	
                3.5

              	
                Place
                  and Manner of Payments

              	
                38

              
	 	
                3.6

              	
                Pro
                  Rata Treatment

              	
                38

              
	 	
                3.7

              	
                Computations
                  of Interest and Fees

              	
                39

              
	 	
                3.8

              	
                Sharing
                  of Payments

              	
                40

              
	 	
                3.9

              	
                Evidence
                  of Debt

              	
                40

              
	 	 
	
                SECTION
                  4. ADDITIONAL PROVISIONS

              	
                41

              
	 	
                4.1

              	
                Eurodollar
                  Loan Provisions

              	
                41

              
	 	
                4.2

              	
                Capital
                  Adequacy

              	
                42

              
	 	
                4.3

              	
                Compensation

              	
                43

              
	 	
                4.4

              	
                Taxes

              	
                43

              
	 	
                4.5

              	
                Replacement
                  of Lenders

              	
                45

              
	 	 
	
                SECTION
                  5. CONDITIONS PRECEDENT

              	
                46

              
	 	
                5.1

              	
                Closing
                  Conditions

              	
                46

              
	 	
                5.2

              	
                Conditions
                  to Loans and Issuances of Letters of Credit

              	
                48

              
	 	 
	
                SECTION
                  6. REPRESENTATIONS AND WARRANTIES

              	
                49

              
	 	
                6.1

              	
                Organization
                  and Good Standing

              	
                49

              
	 	
                6.2

              	
                Due
                  Authorization

              	
                49

              
	 	
                6.3

              	
                No
                  Conflicts

              	
                49

              
	 	
                6.4

              	
                Consents

              	
                50

              
	 	
                6.5

              	
                Enforceable
                  Obligations

              	
                50

              
	 	
                6.6

              	
                Financial
                  Condition/Material Adverse Effect

              	
                50

              

      

       

       

      
        
           

        

        
          i

          
            

          

        

        
           

        

      

       

       

      
        	 	
                6.7

              	
                Taxes

              	
                50

              
	 	
                6.8

              	
                Compliance
                  with Law

              	
                50

              
	 	
                6.9

              	
                Use
                  of Proceeds; Margin Stock

              	
                50

              
	 	
                6.10

              	
                Government
                  Regulation

              	
                51

              
	 	
                6.11

              	
                Solvency

              	
                51

              
	 	
                6.12

              	
                Environmental
                  Matters

              	
                51

              
	 	
                6.13

              	
                Subsidiaries

              	
                51

              
	 	
                6.14

              	
                Litigation

              	
                51

              
	 	
                6.15

              	
                Collateral

              	
                51

              
	 	
                6.16

              	
                Material
                  Contracts

              	
                51

              
	 	
                6.17

              	
                Anti-Terrorism
                  Laws

              	
                52

              
	 	
                6.18

              	
                Compliance
                  with OFAC Rules and Regulations

              	
                52

              
	 	
                6.19

              	
                Compliance
                  with FCPA

              	
                52

              
	 	 
	
                SECTION
                  7. AFFIRMATIVE COVENANTS

              	
                52

              
	 	
                7.1

              	
                Information
                  Covenants

              	
                52

              
	 	
                7.2

              	
                Preservation
                  of Existence and Franchises

              	
                55

              
	 	
                7.3

              	
                Books
                  and Records

              	
                55

              
	 	
                7.4

              	
                Compliance
                  with Law

              	
                55

              
	 	
                7.5

              	
                Payment
                  of Taxes and Other Indebtedness

              	
                55

              
	 	
                7.6

              	
                Maintenance
                  of Property; Insurance

              	
                55

              
	 	
                7.7

              	
                Use
                  of Proceeds

              	
                56

              
	 	
                7.8

              	
                Audits/Inspections

              	
                56

              
	 	
                7.9

              	
                Maintenance
                  of Ownership

              	
                56

              
	 	
                7.10

              	
                Financial
                  Covenants

              	
                56

              
	 	
                7.11

              	
                Material
                  Contracts

              	
                56

              
	 	
                7.12

              	
                Additional
                  Guarantors

              	
                57

              
	 	 
	
                SECTION
                  8. NEGATIVE COVENANTS

              	
                59

              
	 	
                8.1

              	
                Nature
                  of Business

              	
                59

              
	 	
                8.2.

              	
                Liens

              	
                60

              
	 	
                8.3

              	
                Consolidation
                  and Merger

              	
                61

              
	 	
                8.4

              	
                Dispositions

              	
                62

              
	 	
                8.5

              	
                Transactions
                  with Affiliates

              	
                62

              
	 	
                8.6

              	
                Indebtedness

              	
                63

              
	 	
                8.7

              	
                Investments

              	
                64

              
	 	
                8.8

              	
                Restricted
                  Payments

              	
                64

              
	 	 
	
                SECTION
                  9. EVENTS OF DEFAULT

              	
                65

              
	 	
                9.1

              	
                Events
                  of Default

              	
                65

              
	 	
                9.2

              	
                Acceleration;
                  Remedies

              	
                67

              
	 	
                9.3

              	
                Allocation
                  of Payments After Event of Default

              	
                68

              
	 	 
	
                SECTION
                  10. AGENCY PROVISIONS

              	
                69

              
	 	
                10.1

              	
                Appointment

              	
                69

              
	 	
                10.2

              	
                Delegation
                  of Duties

              	
                70

              
	 	
                10.3

              	
                Exculpatory
                  Provisions

              	
                70

              
	 	
                10.4

              	
                Reliance
                  on Communications

              	
                70

              
	 	
                10.5

              	
                Notice
                  of Default

              	
                71

              
	 	
                10.6

              	
                Non-Reliance
                  on Agent and Other Lenders

              	
                71

              
	 	
                10.7

              	
                Indemnification

              	
                71

              

      

       

       

      
        
           

        

        
          ii

          
            

          

        

        
           

        

      

       

       

      
        	 	
                10.8

              	
                Agent
                  in Its Individual Capacity

              	
                72

              
	 	
                10.9

              	
                Successor
                  Agent

              	
                72

              
	 	 
	
                SECTION
                  11. MISCELLANEOUS

              	
                72

              
	 	
                11.1

              	
                Notices

              	
                72

              
	 	
                11.2

              	
                Right
                  of Set-Off

              	
                73

              
	 	
                11.3

              	
                Benefit
                  of Agreement

              	
                73

              
	 	
                11.4

              	
                No
                  Waiver; Remedies Cumulative

              	
                75

              
	 	
                11.5

              	
                Payment
                  of Expenses, etc

              	
                75

              
	 	
                11.6

              	
                Amendments,
                  Waivers and Consents

              	
                76

              
	 	
                11.7

              	
                Counterparts/Telecopy

              	
                77

              
	 	
                11.8

              	
                Headings

              	
                77

              
	 	
                11.9

              	
                Defaulting
                  Lender

              	
                77

              
	 	
                11.10

              	
                Survival
                  of Indemnification and Representations and Warranties

              	
                77

              
	 	
                11.11

              	
                Governing
                  Law; Venue

              	
                77

              
	 	
                11.12

              	
                Waiver
                  of Jury Trial; Waiver of Consequential Damages

              	
                78

              
	 	
                11.13

              	
                Severability

              	
                78

              
	 	
                11.14

              	
                Further
                  Assurances

              	
                78

              
	 	
                11.15

              	
                Entirety

              	
                78

              
	 	
                11.16

              	
                Binding
                  Effect; Continuing Agreement

              	
                78

              
	 	
                11.17

              	
                Confidentiality;
                  USA PATRIOT Act

              	
                79

              
	 	 
	
                SECTION
                  12. GUARANTY

              	
                80

              
	 	
                12.1

              	
                The
                  Guaranty

              	
                80

              
	 	
                12.2

              	
                Obligations
                  Unconditional

              	
                80

              
	 	
                12.3

              	
                Reinstatement

              	
                81

              
	 	
                12.4

              	
                Certain
                  Additional Waivers

              	
                81

              
	 	
                12.5

              	
                Remedies

              	
                82

              
	 	
                12.6

              	
                Rights
                  of Contribution

              	
                82

              
	 	
                12.7

              	
                Guarantee
                  of Payment; Continuing Guarantee

              	
                82

              

      

      

      SCHEDULES

      

      
        	
                Schedule 1.1

              	 	
                Commitment
                  Percentages

              
	
                Schedule
                  2.2

              	 	
                Existing
                  Letters of Credit

              
	
                Schedule 6.13

              	 	
                Subsidiaries

              
	
                Schedule
                  8.5

              	 	
                Affiliate
                  Transactions

              
	
                Schedule 11.1

              	 	
                Notices

              

      

      

      EXHIBITS

      

      
        	
                Exhibit
                  1.1

              	 	
                Form
                  of Rating Agency Designation

              
	
                Exhibit 2.3

              	 	
                Form
                  of Notice of Borrowing

              
	
                Exhibit 2.5

              	 	
                Form
                  of Notice of Continuation/Conversion

              
	
                Exhibit 2.9(a)

              	 	
                Form
                  of Revolving Note

              
	
                Exhibit
                  2.9(b)

              	 	
                Form
                  of Term Loan Note

              
	
                Exhibit 2.9(c)

              	 	
                Form
                  of Swingline Loan Note

              
	
                Exhibit
                  5.1

              	 	
                Form
                  of Account Designation Letter

              
	
                Exhibit
                  7.1(d)

              	 	
                Form
                  of Officer's Certificate

              
	
                Exhibit
                  7.12

              	 	
                Form
                  of Joinder Agreement

              
	
                Exhibit 11.3(b)

              	 	
                Form
                  of Assignment Agreement

              

      

       

       

      
        
           

        

        
          iii

          
            

          

        

        
           

        

      

    

    AMENDED
      AND RESTATED

    CREDIT
      AGREEMENT

    

    THIS
      AMENDED AND RESTATED CREDIT AGREEMENT
      (this
      "Credit
      Agreement"),
      dated
      as of June 21, 2007, is entered into among DCP
      MIDSTREAM OPERATING, LP,
      a
      Delaware limited partnership (the "Borrower"),
      DCP
      MIDSTREAM PARTNERS, LP,
      a
      Delaware limited partnership (the "Parent")
      and
      all Subsidiaries of the Parent (collectively, the "Guarantors"),
      the
      Lenders (as defined herein) and WACHOVIA
      BANK, NATIONAL ASSOCIATION,
      as
      administrative agent for the Lenders (in such capacity, the "Agent").

     

    RECITALS

     

    WHEREAS,
      the
      Borrower, the Guarantors, certain lenders and the Agent entered into that
      certain Credit Agreement dated as of December 7, 2005 (as amended or modified
      from time to time, the "Existing
      Credit Agreement")
      whereby the Lenders made available
      to the Borrower a credit facility in the aggregate initial amount of $400
      million;

     

    WHEREAS,
      the
      Borrower has requested that the Lenders increase the amount of credit facility
      and modify certain terms of the credit facility as more fully set forth herein;
      and

     

    WHEREAS,
      the
      Lenders have agreed to provide the requested amended and restated credit
      facility to the Borrower on the terms, and subject to the conditions, set forth
      herein.

     

    NOW,
      THEREFORE, IN CONSIDERATION of
      the
      premises and other good and valuable consideration, the receipt and sufficiency
      of which is hereby acknowledged, the parties hereto agree as
      follows:

     

    SECTION
      1.

     

    DEFINITIONS
      AND ACCOUNTING TERMS

     

    1.1 Definitions.

     

    As
      used
      herein, the following terms shall have the meanings herein specified unless
      the
      context otherwise requires. Defined terms herein shall include in the singular
      number the plural and in the plural the singular:

     

    "Account
      Control Agreement"
      means
      Account Control Agreement-A2, Account Control Agreement-A3 and any other account
      control agreement entered into with respect to Cash Collateral.

    

    "Account
      Control Agreement-A2"
      means
      an Account Control Agreement, in form and substance satisfactory to the Agent,
      to be dated no later than the Initial Draw Date with respect to the Term Loan
      A2, among the Borrower (as Debtor), Intermediary (as Intermediary) and the
      Agent
      (as Bank) with respect to Cash Collateral-A2.

    

    "Account
      Control Agreement-A3"
      means
      an Account Control Agreement, in form and substance satisfactory to the Agent,
      to be dated no later than the Initial Draw Date with respect to the Term Loan
      A3, among the Borrower (as Debtor), Intermediary (as Intermediary) and the
      Agent
      (as Bank) with respect to Cash Collateral-A3.

    

    DCP
      Midstream Operating, LP

    Amended
      and Restated Credit Agreement

     

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    "Account
      Designation Letter"
      means
      the Notice of Account Designation Letter dated the Closing Date from the
      Borrower to the Agent in substantially the form attached hereto as Exhibit 5.1.

    

    "Acquisition"
      by
      any
      Person, means the acquisition by such Person, in a single transaction or in
      a
      series of related transactions, of property or assets (other than capital
      expenditures or acquisitions of inventory or supplies in the ordinary course
      of
      business) of, or of a business unit or division of, another Person or at least
      a
      majority of
      the
      securities having ordinary voting power for the election of directors, managing
      general partners or the equivalent
      of
      another Person, in each case whether or not involving a merger or consolidation
      with such other Person and whether for cash, property, services, assumption
      of
      Indebtedness, securities or otherwise.

    

    "Adjusted
      Base Rate"
      means
      the Base Rate plus the Applicable Margin for Base Rate Loans.

    

    "Adjusted
      Eurodollar Rate"
      means
      the Eurodollar Rate plus the Applicable Margin for Eurodollar
      Loans.

     

    "Adjusted
      LIBOR
      Market Index Rate"
      means
      the LIBOR Market Index Rate plus the Applicable Margin for Eurodollar
      Loans.

     

    "Affiliate"
      means,
      with respect to any Person, any other Person directly or indirectly controlling,
      controlled by or under direct or indirect common control with such Person.
      A
      Person shall be deemed to control a corporation if such Person possesses,
      directly or indirectly, the power to direct or cause direction of the management
      and policies of such corporation, whether through the ownership of voting
      securities, by contract or otherwise.

     

    "Agency
      Services Address"
      means
      Wachovia Bank, National Association, as Administrative Agent, 201 South College
      Street, CP-8, Charlotte, North Carolina 28288-0680, or such other address
      as may be identified by written notice from the Agent to the Borrower and the
      Lenders.

     

    "Agent"
      means
      Wachovia Bank, National Association and any successors and assigns in such
      capacity.

     

    "Applicable
      Margin"
      means,
      at any time:

    

    (a)
       with
      respect to Term Loans, (i) for Eurodollar Loans, .10% and (ii) for Base Rate
      Loans, 0%.

    

    (b) with
      respect to Loans (other than Term Loans) and applicable fees, if neither the
      Parent nor the Borrower has a Debt Rating from S&P, Moody's or Fitch, the
      rate per annum set forth below based on the Consolidated Leverage
      Ratio:

    

    
      	
               

               

              Pricing
                Level

            	 	
               

              Consolidated

              Leverage
                Ratio

            	
               

            	
              Applicable
                Margin for Facility Fees 

            	
               

            	
               

              Applicable
                Margin for Utilization Fees

            	
               

            	
              Applicable
                Margin

              for
                Margin for Eurodollar Loans

            	
               

            	
              Applicable
                Base Rate Loans

            
	
              I

            	 	
              <
                3.00 to 1.0

            	 	
              .100%

            	 	
              .100%

            	 	
              .350%

            	 	
              0%

            
	
              II

            	 	
              >
                3.00 to 1.0 but

              <
                3.75 to 1.0

            	 	
              .125%

            	 	
              .100%

            	 	
              .425%

            	 	
              0%

            
	
              III

            	 	
              >3.75
                to 1.0 but

              <
                4.50 to 1.0

            	 	
              .150%

            	 	
              .100%

            	 	
              .500%

            	 	
              0%

            
	
              IV

            	 	
              >4.50
                to 1.0

            	 	
              .175%

            	 	
              .100%

            	 	
              .575%

            	 	
              0%

            

    

     

    
      DCP
        Midstream Operating, LP

      Amended
        and Restated Credit Agreement

    

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

       

    

    Any
      increase or decrease in the Applicable Margin resulting from a change in the
      Consolidated Leverage Ratio shall become effective as of the first Business
      Day
      immediately following the date that the officer's certificate is required to
      be
      delivered pursuant to Section 7.1(d) evidencing calculation of the
      Consolidated Leverage Ratio; provided,
      however,
      that if
      such certificate is not delivered when due in accordance with such
      Section 7.1(d), then Pricing Level IV shall apply as of the first Business
      Day after the date on which such certificate was required to have been delivered
      and shall continue to apply until the first Business Day immediately following
      the date a certificate is delivered in accordance with Section 7.1(d),
      whereupon the Applicable Margin shall be adjusted based upon the calculation
      of
      the Consolidated Leverage Ratio contained in such certificate. The Applicable
      Margin in effect from the Effective Date through the first Business Day
      immediately following the date a certificate is required to be delivered
      pursuant to Section 7.1(d) for the fiscal quarter ending June 30, 2007
      shall be determined based upon Pricing Tier II.

    

    (c) with
      respect to Loans (other than Term Loans) and applicable fees, if the Parent
      or
      the Borrower has at least one Debt Rating from S&P, Moody's or Fitch, the
      rate per annum set forth in the table below opposite the Debt Rating of the
      Parent or the Borrower (as applicable):

    

      
        	
                Parent's
                  or Borrower's Debt Rating*

              	 	
                Applicable
                  Margin for Facility Fees

              	 	
                Applicable
                  Margin for Utilization Fees

              	 	
                Applicable
                  Margin for

                Eurodollar
                  Loans

              	 	
                Applicable
                  Margin for Base

                Rate
                  Loans

              
	
                >BBB+/Baal/BBB+

              	 	
                .070%

              	 	
                .050%

              	 	
                .230%

              	 	
                0%

              
	
                BBB/Baa2/BBB

              	 	
                .090%

              	 	
                .050%

              	 	
                .310%

              	 	
                0%

              
	
                BBB-/Baa3/BBB-

              	 	
                .110%

              	 	
                .100%

              	 	
                .440%

              	 	
                0%

              
	
                <BB+/Ba1/BB+

              	 	
                .125%

              	 	
                .100%

              	 	
                .575%

              	 	
                0%

              

      

    

     

    *
      If any
      Designated Rating Agency is other than S&P, Moody's and Fitch, then the
      equivalent Debt Rating given by such rating agency shall be used. If there
      is
      only one Designated Rating Agency it must be either S&P, Moody's or
      Fitch.

    

    The
      Applicable Margin shall, in each case, be determined and adjusted on the date
      on
      which there is a change in the Parent's or Borrower's (as applicable) Debt
      Rating and shall be effective until a future change in such Debt Rating.

     

    Notwithstanding
      the above, if at any time neither the Parent nor the Borrower is rated by
      S&P, Moody's or Fitch, the pricing grid above based on the Consolidated
      Leverage Ratio shall apply.

     

    In
      the
      event that there are two Debt Ratings by the Designated Rating Agencies and
      there is a split in Debt Ratings, the higher Debt Rating (i.e. the lower
      pricing) will apply unless there is more than one level between the Debt Ratings
      and then one level below the higher rating will apply. In the event there are
      three ratings by the Designated Rating Agencies and there is a split in Debt
      Ratings, (i) if two of the three Debt Ratings are the same, then such Debt
      Rating will apply and (ii) if none of the Debt Ratings are the same, the middle
      Debt Rating will apply. 

    

    DCP
      Midstream Operating, LP

    Amended
      and Restated Credit Agreement

     

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

     

    (d) Any
      adjustment in the Applicable Margin shall be applicable to all existing
      Eurodollar Loans and Letters of Credit as well as any new Eurodollar Loans
      made
      or Letters of Credit issued.

     

    (e) The
      Borrower shall promptly deliver to the Agent, at the address set forth on
Schedule
      11.1
      and at
      the Agency Services Address, information regarding any change in the
      Consolidated Leverage Ratio or the Parent's or Borrower's Debt Rating that
      would
      change the existing Pricing Level pursuant to clause (a) or (b)
      above.

     

    (f) In
      the
event
      that any financial statement or certification delivered pursuant to Section
      7.1
      is shown to be inaccurate (regardless of whether this Credit Agreement or the
      commitments hereunder are in effect when such inaccuracy is discovered), and
      such inaccuracy, if corrected, would have led to the application of a higher
      Applicable Margin for any period (an "Applicable
      Period")
      than
      the Applicable Margin applied for such Applicable Period, then the Borrower
      shall immediately (i) deliver to the Agent a corrected compliance certificate
      for such Applicable Period, (ii) determine the Applicable Margin for such
      Applicable Period based upon the corrected compliance certificate, and (iii)
      immediately pay to the Agent the accrued additional interest owing as a result
      of such increased Applicable Margin for such Applicable Period, which payment
      shall be promptly applied by the Agent in accordance with Section 9.3. In the
      event any such inaccuracy, if corrected, would have led to the application
      of a
      lower Applicable Margin for any period than the Applicable Margin applied for
      such period, then (1) Borrower may deliver to the Agent a correct certificate
      for such period, (2) the Applicable Margin shall be redetermined for such period
      based on the appropriate pricing level for such period and (3) Borrower shall
      receive a credit for any interest actually paid for such period in excess of
      the
      amount so redetermined to be applied against future interest payments as and
      when they become due, but in no event shall any Lender be required to refund
      any
      such amount to Borrower. It is acknowledged and agreed that nothing contained
      herein shall limit the rights of the Agent and the Lenders under the Credit
      Documents, including their rights under Sections 3.1(b), 9.1 and 9.2 and other
      of their respective rights under this Credit Agreement. 

     

    "Approved
      Officer"
      means
      the president, a vice president, the treasurer or the assistant treasurer of
      the
      applicable Credit Party or such other authorized representative of such Credit
      Party as may be designated by any one of the foregoing.

     

    "Assignment
      Agreement"
      means
      an Assignment Agreement executed and delivered pursuant to Section
      11.3(b).

     

    "Available
      Cash"
      has the
      meaning ascribed to such term in the First Amended and Restated Agreement of
      Limited Partnership of the Parent as in effect on the Effective Date, with
      such
      amendments thereto as agreed to by the Required Lenders.

     

    "Bankruptcy
      Code"
      means
      the Bankruptcy Code in Title 11 of the United States Code, as amended,
      modified, succeeded or replaced from time to time.

     

    "Base
      Rate"
      means,
      for any day, the rate per annum equal to the greater of (a) the Federal
      Funds Rate in effect on such day plus 1⁄2 of 1% or (b) the Prime Rate in
      effect on such day. Any change in the Base Rate due to a change in the Prime
      Rate or the Federal Funds Rate shall be effective on the effective date of
      such
      change in the Prime Rate or the Federal Funds Rate,
      respectively.

    

    DCP
      Midstream Operating, LP

    Amended
      and Restated Credit Agreement

     

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

     

    "Base
      Rate Loan"
      means a
      Loan (other than a Swingline Loan) which bears interest based on the Base
      Rate.

     

    "Borrower"
      means
      DCP Midstream Operating, LP a Delaware limited partnership.

     

    "Bridge
      Facility"
      means
      that certain Bridge Credit Agreement, dated as of May 9, 2007, by and among
      the
      Borrower, the Parent, certain subsidiaries of the Parent party thereto, the
      lenders party thereto and Wachovia Bank, National Association as administrative
      agent.

     

    "Business
      Day"
      means
      any day other than a Saturday, a Sunday, a legal holiday or a day on which
      banking institutions are authorized or required by law or other governmental
      action to close in New York, New York or Charlotte, North Carolina; provided,
      that in
      the case of Eurodollar Loans, such day is also a day on which dealings between
      banks are carried on in U.S. dollar deposits in the London interbank
      market.

     

    "Businesses"
      has the
      meaning set forth in Section 6.12.

     

    "Capital
      Lease"
      means,
      as applied to any Person, any lease of any Property (whether real, personal
      or
      mixed) by that Person as lessee that, in accordance with GAAP, is required
      to be
      accounted for as a capital lease on the balance sheet of that
      Person.

    

    "Capital
      Stock"
      means
      (a) in the case of a corporation, all classes of capital stock of such
      corporation, (b) in the case of a partnership, partnership interests
      (whether general or limited), (c) in the case of a limited liability
      company, membership interests and (d) any other interest or participation
      that confers on a Person the right to receive a share of the profits and losses
      of, or distributions of assets of, the issuing Person.

     

    "Cash
      Collateral"
      means
      collectively, all assets and property maintained in Cash Collateral-A2 Account,
      Cash Collateral-A3 Account and all other Cash Collateral Accounts.

     

    "Cash
      Collateral-A2"
      means
      all assets and property maintained in the Cash Collateral-A2
      Account.

     

    "Cash
      Collateral-A3"
      means
      all assets and property maintained in the Cash Collateral-A3
      Account.

     

    "Cash
      Collateral-A2 Account"
      means
      the account of the Borrower numbered 291155400 with the
      Intermediary.

     

    "Cash
      Collateral-A3 Account"
      means
      the account of the Borrower numbered 001050970640 with the Intermediary.

     

    "Cash
      Collateral Accounts"
      means
      Cash Collateral-A2 Account, Cash Collateral-A3 Account and any other cash
      collateral account formed in connection with the securing of Loans made
      hereunder.

    

    DCP
      Midstream Operating, LP

    Amended
      and Restated Credit Agreement

     

     

    
      
         

      

      
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    "Cash
      Equivalents"
      means,
      as at any date, (a) securities guaranteed or insured by the United States
      or any agency or instrumentality thereof (provided that the full faith and
      credit of the United States is pledged in support thereof) having maturities
      of
      not more than twelve months from the date of acquisition, (b) Dollar
      denominated time deposits and certificates of deposit of (i) any Lender,
      (ii) any domestic commercial bank of recognized standing having capital and
      surplus in excess of $500,000,000 or (iii) any bank whose short-term
      commercial paper rating from S&P is at least A-1 or the equivalent thereof
      or from Moody's is at least P-1 or the equivalent thereof (any such bank being
      an "Approved Bank"), in each case with maturities of not more than 270 days
      from
      the date of acquisition, (c) commercial paper and variable or fixed rate
      notes issued by any Approved Bank (or by the parent company thereof) or any
      variable rate notes issued by, or guaranteed by, any domestic corporation rated
      A-1 (or the equivalent thereof) or better by S&P or P-1 (or the equivalent
      thereof) or better by Moody's and maturing within six months of the date of
      acquisition, (d) repurchase agreements entered into by any Person with a
      bank or trust company (including any of the Lenders) or recognized securities
      dealer having capital and surplus in excess of $500,000,000 for direct
      obligations issued by or fully guaranteed by the United States in which such
      Person shall have a perfected first priority security interest (subject to
      no
      other Liens) and having, on the date of purchase thereof, a fair market value
      of
      at least 100% of the amount of the repurchase obligations and
      (e) Investments, classified in accordance with GAAP as current assets, in
      money market investment programs registered under the Investment Company Act
      of
      1940 which are administered by reputable financial institutions having capital
      of at least $500,000,000 or having portfolio assets of at least $5,000,000,000
      and the portfolios of which are limited to Investments of the character
      described in the foregoing subdivisions (a) through (d).

     

    "Change
      of Control"
      means
      as of any date, the failure of (a) the Parent to own, directly or indirectly,
      100% of the equity of the Borrower or (b) DCP Midstream LLC to own, directly
      or
      indirectly, a majority of the voting equity of the general partner of the
      Parent.

     

    "Closing
      Date"
      means
      the date hereof.

     

    "Code"
      means
      the Internal Revenue Code of 1986, as amended from time to time.

     

    "Co-lead
      Arrangers"
      means
      Wachovia Capital Markets, LLC and SunTrust Capital Markets, Inc.

     

    "Collateral
      Documents"
      means
      (i) the Account Control Agreement-A2, the Account Control Agreement-A3, each
      other Account Control Agreement and (ii) each other document executed and
      delivered in connection with the granting, attachment and perfection of the
      Agent's security interest in the Cash Collateral, including, without limitation,
      Uniform Commercial Code financing statements.

     

    "Commercial
      Operation Date"
      means
      the date on which a Qualified Project is substantially complete and commercially
      operable.

     

    "Commitment"
      means,
      as to each Lender, the commitment of such Lender with respect to the Revolving
      Committed Amount and the commitment of such Lender with respect to the Term
      Loans and "Commitments"
      means,
      collectively, all such commitments of the Lenders.

     

    "Commitment
      Percentage"
      means,
      for each Lender, the percentage identified as its Commitment Percentage with
      respect to Revolving Loans or different types of Term Loans opposite such
      Lender's name on Schedule
      1.1,
      as such
      percentage may be modified by assignment or by an increase in Commitments in
      accordance with Section 2.10.

    

    DCP
      Midstream Operating, LP

    Amended
      and Restated Credit Agreement

     

    
      
         

      

      
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    "Conflicts
      Committee"
      has the
      meaning ascribed thereto in the Second Amended and Restated Agreement of Limited
      Partnership of the Parent, as amended or restated from time to
      time.

     

    "Consolidated
      EBITDA"
      means,
      for any period, an amount equal to (a) Consolidated Net Income for such period
      plus
      (b) to
      the extent deducted in determining Consolidated Net Income for such period,
      the
      aggregate amount of (i) taxes based on or measured by income, (ii) Consolidated
      Interest Expense and (iii) depreciation and amortization expense plus
      (c) the
      amount of cash dividends actually received during such period by the Parent
      and
      its Subsidiaries on a consolidated basis from unconsolidated subsidiaries of
      the
      Parent or other Persons minus
      (d) to
      the extent included in determining Consolidated Net Income for such period,
      equity in earnings from unconsolidated subsidiaries of the Parent. Furthermore,
      for purposes of the foregoing clauses (a) and (b), Consolidated Net Income
      and
      consolidated expenses shall be adjusted with respect to net income and expenses
      of non-wholly-owned consolidated subsidiaries to reflect only the Credit
      Parties' pro rata ownership interest therein. 

     

    "Consolidated
      Indebtedness"
      means,
      without duplication, (a) all Indebtedness of the Parent and its Subsidiaries
      on
      a consolidated basis (excluding the face amount of Hybrid Securities outstanding
      at such date) minus
      (b) the
      principal amount of Cash Collateral then held by the Intermediary. For purposes
      of the foregoing, Indebtedness of a non-wholly owned Subsidiary shall be
      included in the calculation of Consolidated Indebtedness only to the extent
      of
      the Credit Parties' proportional interest therein, unless such Indebtedness
      is
      recourse to the Credit Parties (in which case, the full amount of such
      Indebtedness that is recourse to the Credit Parties shall be included in the
      calculation of Consolidated Indebtedness). 

     

    "Consolidated
      Interest Coverage Ratio"
      means,
      as of the last day of each fiscal quarter of the Parent, the ratio of (a)
      Consolidated EBITDA for the period of four consecutive fiscal quarters ending
      on
      such day to (b) Consolidated Interest Expense for the period of four consecutive
      fiscal quarters ending on such day. 

     

    "Consolidated
      Interest Expense"
      means
      interest expense as would appear on a consolidated statement of income of the
      Parent and its Subsidiaries prepared in accordance with GAAP; provided,
      that
      Consolidated Interest Expense associated with the Term Loans for any period
      shall be reduced by any interest income earned on the Cash Collateral during
      such period. For purposes of the foregoing, interest expense of a non-wholly
      owned Subsidiary shall be included in the calculation of Consolidated Interest
      Expense only to the extent of the Credit Parties' proportional interest therein,
      unless the Indebtedness giving rise to such interest expense is recourse to
      the
      Credit Parties. 

     

    "Consolidated
      Leverage Ratio"
      means,
      as of the last day of each fiscal quarter of the Parent, the ratio of (a)
      Consolidated Indebtedness (excluding letters of credit that do not support
      Indebtedness) on such day to (b) Consolidated EBITDA for the period of four
      consecutive fiscal quarters ending on such day.

     

    "Consolidated
      Net Income"
      means,
      for any period, the net income of the Parent and its Subsidiaries for such
      period determined on a consolidated basis in accordance with GAAP; provided,
      that
      Consolidated Net Income shall not include (i) extraordinary gains or
      extraordinary losses, (ii) net gains and losses in respect of disposition of
      assets other than in the ordinary course of business, (iii) gains or losses
      attributable to write-ups or write-downs of assets including hedging and
      derivative activities in the ordinary course of business and (iv) the cumulative
      effect of a change in accounting principles, all as reported in the Parent's
      consolidated statement(s) of income for the relevant period(s) prepared in
      accordance with GAAP.

    

    DCP
      Midstream Operating, LP

    Amended
      and Restated Credit Agreement

     

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

     

    "Consolidated
      Net Tangible Assets"
      means,
      at any date of determination, the total amount of consolidated assets of the
      Parent and its Subsidiaries after deducting therefrom the value (net of any
      applicable reserves) of all goodwill, trade names, trademarks, patents and
      other
      like intangible assets, all as set forth, or on a pro forma basis would be
      set
      forth, on the consolidated balance sheet of the Parent and its Subsidiaries
      for
      the most recently completed fiscal quarter, in accordance with
      GAAP.

     

    "Credit
      Documents"
      means
      this Credit Agreement, the Notes, the LOC Documents, the Collateral Documents,
      any Notice of Borrowing, any Notice of Continuation/Conversion and all other
      related agreements and documents issued or delivered hereunder or thereunder
      or
      pursuant hereto or thereto.

     

    "Credit
      Exposure"
      means,
      as applied to each Lender (a) at any time prior to the termination of the
      Commitments, the sum of (i) the Commitment Percentage of such Lender with
      respect to Revolving Loans multiplied by the Revolving Committed Amount plus
      (ii) the principal balance of outstanding Term Loans of such Lender plus (iii)
      the aggregate available amount of undrawn Commitments of such Lender with
      respect to the Term Loans and (b) at any time after the termination of the
      Commitments, the sum of (i) the principal balance of the outstanding Loans
      of such Lender plus (ii) such Lender's Participation Interest in the face
      amount of outstanding Letters of Credit and Swingline Loans.

     

    "Credit
      Facility Swap Contract"
      means
      any interest rate Swap Contract entered into by a Credit Party with a Lender
      or
      an Affiliate of a Lender with respect to the Obligations.

    

    "Credit
      Parties"
      means
      the Borrower and the Guarantors.

     

    "Debt
      Rating"
      means,
      the long-term senior unsecured, non-credit enhanced debt rating of the Parent
      or
      the Borrower, as applicable, by the Designated Rating Agencies. For all purposes
      of this Agreement, in the event that both the Parent and the Borrower are rated
      by one or more Designated Rating Agencies, the term "Debt Rating" shall mean
      the
      Debt Rating of the Parent.

     

    "Default"
      means
      any event, act or condition which with notice or lapse of time, or both, would
      constitute an Event of Default.

     

    "Defaulting
      Lender"
      means,
      at any time, any Lender that, at such time (a) has failed to make a Loan
      required pursuant to the term of this Credit Agreement, (b) has failed to
      pay to the Agent or any Lender an amount owed by such Lender pursuant to the
      terms of this Credit Agreement or (c) has been deemed insolvent by a court
      of competent jurisdiction or has become subject to a bankruptcy or insolvency
      proceeding or to a receiver, trustee or similar official.

     

    "Designated
      Rating Agencies"
      shall
      mean up to any three of S&P, Moody's, Fitch or any other rating agency
      selected by the Parent which is recognized by the Securities and Exchange
      Commission and identified by the Parent from time to time in a Rating Agency
      Designation and "Designated
      Rating Agency"
      shall
      mean any one of the foregoing. Until such time as the Parent shall have
      delivered a Rating Agency Designation to the Agent, the Designated Rating
      Agencies shall be S&P, Moody's and Fitch.

    

    DCP
      Midstream Operating, LP

    Amended
      and Restated Credit Agreement

     

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

    

    "Disposition"
      or
      "Dispose"
      means
      the sale, transfer, license, lease or other disposition (including any Sale
      and
      Leaseback Transaction) of any Property by a Credit Party (including the Equity
      Interests of any Subsidiary), including any sale, assignment, transfer or other
      disposal, with or without recourse, of any notes or accounts receivable or
      any
      rights and claims associated therewith.

    

    "Dollars"
      and
      "$"
      means
      dollars in lawful currency of the United States of America.

     

    "Effective
      Date"
      means
      the date on which the conditions set forth in Section 5.1 shall have been
      fulfilled (or waived in the sole discretion of the Lenders).

     

    "Eligible
      Assignee"
      means
      (a) any Lender approved by the Borrower, the Agent and the Issuing Lenders,
      (b) any existing Lender or an Affiliate of an existing Lender and (c) any
      other Person approved by the Borrower, the Issuing Lenders and the Agent (in
      each case, which approval by the Borrower, the Issuing Lenders and the Agent
      shall not be unreasonably withheld or delayed); provided,
      that
      (A) the Borrower's consent is not required during the existence and
      continuation of an Event of Default and (B) neither the Borrower nor an
      Affiliate of the Borrower shall qualify as an Eligible Assignee.

     

    "Environmental
      Laws"
      means
      any legal requirement of any Governmental Authority pertaining to (a) the
      protection of health, safety, and the indoor or outdoor environment,
      (b) the conservation, management, or use of natural resources and wildlife,
      (c) the protection or use of surface water and groundwater or (d) the
      management, manufacture, possession, presence, use, generation, transportation,
      treatment, storage, disposal, release, threatened release, abatement, removal,
      remediation or handling of, or exposure to, any hazardous or toxic substance
      or
      material or (e) pollution (including any release to land surface water and
      groundwater) and includes, without limitation, the Comprehensive Environmental
      Response, Compensation, and Liability Act of 1980, as amended by the Superfund
      Amendments and Reauthorization Act of 1986, 42 USC 9601 et seq., Solid
      Waste Disposal Act, as amended by the Resource Conservation and Recovery Act
      of
      1976 and Hazardous and Solid Waste Amendment of 1984, 42 USC 6901 et
      seq., Federal Water Pollution Control Act, as amended by the Clean Water Act
      of
      1977, 33 USC 1251 et seq., Clean Air Act, as amended,
      42 USC 7401 et seq., Toxic Substances Control Act of 1976,
      15 USC 2601 et seq., Hazardous Materials Transportation Act,
      49 USC App. 1801 et seq., Occupational Safety and Health Act of 1970,
      as amended, 29 USC 651 et seq., Oil Pollution Act of 1990,
      33 USC 2701 et seq., Emergency Planning and Community Right-to-Know
      Act of 1986, 42 USC 11001 et seq., National Environmental Policy Act
      of 1969, 42 USC 4321 et seq., Safe Drinking Water Act of 1974, as
      amended, 42 USC 300(f) et seq., any analogous implementing or
      successor law, and any amendment, rule, regulation, order, or directive issued
      thereunder.

     

    "ERISA"
      means
      the Employee Retirement Income Security Act of 1974, as amended, and any
      successor statute thereto, as interpreted by the rules and regulations
      thereunder, all as the same may be in effect from time to time. References
      to
      sections of ERISA shall be construed also to refer to any successor
      sections.

     

    "ERISA
      Affiliate"
      means
      an entity, whether or not incorporated, which is under common control with
      the
      Parent or any of its Subsidiaries within the meaning of Section 4001(a)(14)
      of ERISA, or is a member of a group which includes the Parent or any of its
      Subsidiaries and which is treated as a single employer under
      Sections 414(b), (c), (m), or (o) of the Code.

    

    DCP
      Midstream Operating, LP

    Amended
      and Restated Credit Agreement

     

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

     

    "Eurodollar
      Loan"
      means a
      Loan bearing interest at the Adjusted Eurodollar Rate.

     

    "Eurodollar
      Rate"
      means
      with respect to any Eurodollar Loan, for the Interest Period applicable thereto,
      a rate per annum equal to the London Interbank Offered Rate.

     

    "Eurodollar
      Reserve Percentage"
      means,
      for any day, that percentage (expressed as a decimal) which is in effect from
      time to time under Regulation D as the maximum reserve requirement
      (including, without limitation, any basic, supplemental, emergency, special,
      or
      marginal reserves) applicable with respect to Eurocurrency liabilities, as
      that
      term is defined in Regulation D (or against any other category of
      liabilities that includes deposits by reference to which the interest rate
      of
      Eurodollar Loans is determined).

     

    "Event
      of Default"
      has the
      meaning specified in Section 9.1.

     

    "Exchange
      Act"
      means
      the Securities Exchange Act of 1934, as amended, and the rules and regulations
      promulgated thereunder, as amended, modified, succeeded or replaced from time
      to
      time.

     

    "Existing
      Credit Agreement"
      has the
      meaning set forth in the Recitals hereto.

     

    "Existing
      Letters of Credit"
      shall
      mean each of the letters of credit described by date of issuance, amount, LC
      #
      and the date of expiry on Schedule
      2.2
      hereto.

     

    "Extension
      of Credit"
      means,
      as to any Lender, the making of a Loan by such Lender (or a participation
      therein by a Lender) or the issuance of, or participation in, a Letter of Credit
      by such Lender.

     

    "Facility
      Fee"
      has the
      meaning specified in Section 3.4(a).

     

    "Fee
      Letter"
      means
      that certain letter agreement, dated as of May 29, 2007, among the Agent,
      Wachovia Capital Markets, LLC and the Borrower, as amended, modified,
      supplemented or replaced from time to time.

     

    "Federal
      Funds Rate"
      means
      for any day the rate per annum (rounded upward to the nearest 1/100th of 1%)
      equal to the weighted average of the rates on overnight Federal funds
      transactions with members of the Federal Reserve System arranged by Federal
      funds brokers on such day, as published by the Federal Reserve Bank of New
      York
      on the Business Day next succeeding such day; provided,
      that
      (a) if such day is not a Business Day, the Federal Funds Rate for such day
      shall be such rate on such transactions on the next preceding Business Day
      and
      (b) if no such rate is so published on such next succeeding Business Day,
      the Federal Funds Rate for such day shall be the average rate quoted to the
      Agent on such day on such transactions as determined by the Agent. 

     

    "Fitch"
      means
      Fitch, Inc., or any successor or assignee of the business of such company in
      the
      business of rating securities. 

     

    "GAAP"
      means
      generally accepted accounting principles in the United States applied on a
      consistent basis and subject to Section 1.3.

     

    "Government
      Acts"
      has the
      meaning specified in Section 2.2(k).

    

    DCP
      Midstream Operating, LP

    Amended
      and Restated Credit Agreement

     

    
      
         

      

      
        10

        
          

        

      

      
         

      

    

     

    "Governmental
      Authority"
      means
      any Federal, state, local or foreign court, monetary authority or governmental
      agency, authority, instrumentality or regulatory body.

     

    "Guarantor"
      means
      (a) the Parent, (b) each Subsidiary of the Parent in existence as of the
      Effective Date (other than the Borrower) and (c) any Person which becomes a
      "Guarantor" pursuant to Section 7.12 hereof, in each case, together with their
      successors and permitted assigns.

    

    "Hybrid
      Securities"
      means
      any trust preferred securities, or deferrable interest subordinated debt with
      a
      maturity of at least 20 years, which provides for the optional or mandatory
      deferral of interest or distributions, issued by the Parent or the
      Borrower.

    

    "Indebtedness"
      of any
      Person means, without duplication, (a) all obligations of such Person for
      borrowed money, (b) all obligations of such Person for the deferred
      purchase price of property or services purchased, (c) all obligations of
      such Person created or arising under any conditional sale or other title
      retention agreement with respect to the property acquired, (d) all
      obligations of such Person under lease obligations which shall have been, or
      should be, in accordance with GAAP, recorded as capital leases in respect of
      which such Person is liable as lessee, (e) the face amount of all letter of
      credit indebtedness available to be drawn (other than letter of credit
      obligations relating to indebtedness included in Indebtedness pursuant to
      another clause of this definition) and, without duplication, the unreimbursed
      amount of all drafts drawn thereunder, (f) obligations of others secured by
      a Lien on property or assets of such Person, whether or not assumed (but in
      any
      event not exceeding the fair market value of the property or asset),
      (g) all guarantees of Indebtedness referred to in clauses (a) through (f)
      above, (h) all amounts payable by such Person in connection with mandatory
      redemptions or repurchases of preferred stock, (i) any obligations of such
      Person (in the nature of principal or interest) in respect of acceptances or
      similar obligations issued or created for the account of such Person,
      (j) all Off Balance Sheet Indebtedness of such Person and (k) obligations
      (contingent or otherwise) existing or arising under any interest rate Swap
      Contract, to the extent such obligations are classified as "indebtedness" for
      purposes of GAAP.

     

    "Initial
      Draw Date"
      means,
      with respect to any Term Loan, the date of the initial drawing under such Term
      Loan.

     

    "Interest
      Payment Date"
      means
      (a) as to Base Rate Loans and Swingline Loans, the first day of each
      calendar quarter of the Borrower and the Maturity Date, (b) as to
      Eurodollar Loans, the last day of each applicable Interest Period and the
      Maturity Date and, in addition, where the applicable Interest Period for a
      Eurodollar Loan is greater than three months, then also on the last day of
      each
      three-month period during such Interest Period and (c) as to LIBOR Market Index
      Rate Loans, the first day of each calendar quarter of the Borrower, the maturity
      date for such LIBOR Market Index Rate Loan and the Maturity Date. If an Interest
      Payment Date falls on a date which is not a Business Day, such Interest Payment
      Date shall be deemed to be the next succeeding Business Day, except that in
      the
      case of Eurodollar Loans where the next succeeding Business Day falls in the
      next succeeding calendar month, then on the next preceding Business
      Day.

     

    "Interest
      Period"
      means,
      with respect to Eurodollar Loans, a period of one, two, three or six months'
      duration, as the Borrower may elect, commencing, in each case, on the date
      of
      the borrowing (including continuations and conversions of Eurodollar Loans);
      provided, however, (a) if any Interest Period would end on a day which is
      not a Business Day, such Interest Period shall be extended to the next
      succeeding Business Day (except that where the next succeeding Business Day
      falls in the next succeeding calendar month, then on the next preceding Business
      Day), (b) no Interest Period shall extend beyond the Maturity Date and
      (c) where an Interest Period begins on a day for which there is no
      numerically corresponding day in the calendar month in which the Interest Period
      is to end, such Interest Period shall end on the last Business Day of such
      calendar month.

    

    DCP
      Midstream Operating, LP

    Amended
      and Restated Credit Agreement

     

    
      
         

      

      
        11

        
          

        

      

      
         

      

    

    

    "Intermediary"
      means
      US Bank, National Association, as Intermediary under the Account Control
      Agreements or such other financial institution reasonably acceptable to the
      Agent.

    

    "Investment"
      means,
      as to any Person, any direct or indirect acquisition or investment by such
      Person, whether by means of (a) the purchase or other acquisition of the Capital
      Stock of another Person, (b) an Acquisition or (c) a loan, advance or capital
      contribution to, guarantee or assumption of debt of, or purchase or other
      acquisition of any other debt or equity participation or interest in, another
      Person, including any partnership or joint venture interest in such other
      Person and
      any
      arrangement pursuant to which the investor guarantees Indebtedness of such
      other
      Person. 

    

    "Investment
      Grade Rating"
      means
      BBB- or better from S&P, Baa3 or better from Moody's or BBB- or better from
      Fitch.

     

    "Investment
      Grade Rating Date"
      means
      the date on which the Parent or Borrower first achieves an Investment Grade
      Rating.

     

    "Issuing
      Lender"
      means,
      with respect to (i) Existing Letters of Credit, Wachovia Bank, National
      Association and (ii) Letters of Credit issued after the Closing Date, Wachovia
      Bank, National Association or any other Lender as requested by the Borrower
      and
      agreed to by such Lender.

     

    "Issuing
      Lender Fees"
      has the
      meaning set forth in Section 3.4(b)(ii).

     

    "Letter
      of Credit"
      means
      (a) a Letter of Credit issued for the account of the Borrower or one of its
      Subsidiaries by an Issuing Lender pursuant to Section 2.2 or (b) any Existing
      Letter of Credit, in each case as such Letter of Credit may be amended,
      modified, extended, renewed or replaced.

     

    "Letter
      of Credit Fees"
      shall
      have the meaning assigned to such term in Section 3.4(b)(i).

     

    "Lender"
      means
      any Person identified as a Lender on the signature pages hereto and any Eligible
      Assignee which may become a Lender by way of assignment in accordance with
      the
      terms hereof, together with their successors or permitted assigns.

     

    "LIBOR
      Market Index Rate"
      means,
      for any day, the 30-day rate of interest per annum appearing on Reuters Screen
      LIBOR01 Page (or any successor page) as the London interbank offered rate for
      deposits in Dollars at approximately 11:00 A.M. (London time) on such day,
      or if such day is not a London business day, then the immediately preceding
      London business day (or if not so reported, then as determined by the Agent
      from
      another recognized source or interbank quotation), or another rate as agreed
      to
      by the Agent and the Borrower.

     

    "LIBOR
      Market Index Rate Loan"
      means a
      Loan bearing interest at the Adjusted LIBOR Market Index Rate.

    

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      Midstream Operating, LP

    Amended
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    "Lien"
      means
      any mortgage, pledge, hypothecation, assignment, deposit arrangement, security
      interest, encumbrance, lien (statutory or otherwise), preference, priority
      or
      charge of any kind (including any agreement to give any of the foregoing, any
      conditional sale or other title retention agreement, any financing or similar
      statement or notice filed under the Uniform Commercial Code as adopted and
      in
      effect in the relevant jurisdiction or other similar recording or notice
      statute, and any lease in the nature thereof).

     

    "Loans"
      means
      the Revolving Loans, the Swingline Loans and the Term Loans.

     

    "LOC
      Documents"
      means,
      with respect to any Letter of Credit, such Letter of Credit, any amendments
      thereto, any documents delivered in connection therewith, any application
      therefor, and any agreements, instruments, guarantees or other documents
      (whether general in application or applicable only to such Letter of Credit)
      governing or providing for (a) the rights and obligations of the parties
      concerned or at risk or (b) any collateral security for such
      obligations.

     

    "LOC
      Obligations"
      means,
      at any time, the sum of (a) the maximum amount which is then available to be
      drawn under Letters of Credit then outstanding, assuming compliance with all
      requirements for drawings referred to in such Letters of Credit plus (b) the
      aggregate amount of all drawings under Letters of Credit honored by an Issuing
      Lender but not theretofore reimbursed.

     

    "London
      Interbank Offered Rate"
      means,
      with respect to any Eurodollar Loan for the Interest Period applicable thereto,
      the rate of interest per annum appearing on Reuters Screen LIBOR01 Page (or
      any
      successor page) as the London interbank offered rate for deposits in Dollars
      at
      approximately 11:00 A.M. (London time) two Business Days prior to the first
      day of such Interest Period for a term comparable to such Interest Period.
      If,
      for any reason, such rate is not available, the term "London Interbank Offered
      Rate" shall mean, with respect to any Eurodollar Loan for the Interest Period
      applicable thereto, the rate of interest per annum appearing on such other
      service as may be nominated by the British Bankers' Association as the London
      interbank offered rate for deposits in Dollars at approximately 11:00 A.M.
      (London time) two Business Days prior to the first day of such Interest Period
      for a term comparable to such Interest Period; provided,
      however, if more than one rate is specified, the applicable rate shall be the
      arithmetic mean of all such rates.

     

    "Mandatory
      Borrowing"
      has the
      meaning specified in Section 2.2(e).

     

    "Material
      Adverse Effect"
      means a
      material adverse effect on the business, financial positions or results of
      operations of the Parent and its Subsidiaries taken as a whole.

     

    "Maturity
      Date"
      shall
      mean the Revolver Maturity Date and/or the Term Loan Maturity Date, as
      applicable.

     

    "Moody's"
      means
      Moody's Investors Service, Inc., or any successor or assignee of the business
      of
      such company in the business of rating securities.

     

    "Multiemployer
      Plan"
      means a
      Plan covered by Title IV of ERISA which is a multiemployer plan as defined
      in Section 3(37) or 4001(a)(3) of ERISA.

     

    "Multiple
      Employer Plan"
      means a
      Plan covered by Title IV of ERISA, other than a Multiemployer Plan, which
      the Parent or any ERISA Affiliate and at least one employer other than the
      Parent or any ERISA Affiliate are contributing sponsors.

    

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      Midstream Operating, LP

    Amended
      and Restated Credit Agreement

     

    
      
         

      

      
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    "Non-Excluded
      Taxes"
      has the
      meaning specified in Section 4.4(a).

     

    "Non-Extending
      Lender"
      has the
      meaning specified in Section 2.11.

     

    "Notes"
      means
      the Revolving Notes, the Term Loan Notes and the Swingline Loan Notes, if any.
      

     

    "Notice
      of Borrowing"
      means a
      request by the Borrower for a Loan in the form of Exhibit 2.3.

     

    "Notice
      of Continuation/Conversion"
      means a
      request by the Borrower for the continuation or conversion of a Loan in the
      form
      of Exhibit 2.5.

     

    "Obligations"
      means,
      without duplication, all of the obligations of the Credit Parties to the Lenders
      and the Agent, whenever arising, under this Credit Agreement, the Notes, the
      LOC
      Documents, the Collateral Documents, Credit Facility Swap Contracts, Treasury
      Management Agreements or any of the other Credit Documents.

     

    "Off
      Balance Sheet Indebtedness"
      means
      any obligation of a Person that would be considered indebtedness for tax
      purposes but is not set forth on the balance sheet of such Person, including,
      but not limited to, (a) any synthetic lease, tax retention operating lease,
      off balance sheet loan or similar off-balance sheet financing product of such
      Person, (b) the aggregate amount of uncollected accounts receivables of
      such Person subject at such time to a sale of receivables (or similar
      transaction) and (c) obligations of any partnership or joint venture that
      is recourse to such Person.

     

    "Parent"
      means
      DCP Midstream Partners, LP, a Delaware limited partnership.

     

    "Participation
      Interest"
      means
      the Extension of Credit by a Lender by way of a purchase or deemed purchase
      of a
      participation in Letters of Credit or LOC Obligations as provided in Section
      2.2
      or in any Swingline Loans as provided in Section 2.8 or in any Loans as
      provided in Section 3.8.

     

    "Payment
      Date"
      has the
      meaning set forth in Section 2.2(d).

     

    "PBGC"
      means
      the Pension Benefit Guaranty Corporation established pursuant to Subtitle A
      of Title IV of ERISA and any successor thereto.

     

    "Permitted
      Acquisitions"
      means
      any Acquisition by any Credit Party, so long as (a) no Default or Event of
      Default is in existence or would be created thereby, (b) the Person or assets
      being acquired by such Credit Party are in the midstream energy business, (c)
      such Acquisition has been approved by the Board of Directors or similar
      governing body of the target of such Acquisition (if required or applicable)
      and
      (d) immediately after giving effect to such acquisition, the Borrower is in
      compliance with Section 7.10 on a pro forma basis.

     

    "Permitted
      Cash Collateral"
      means
      each of the following instruments and securities to the extent having maturities
      (for
      purposes of this definition, "maturities" shall mean (i) weighted average life
      for asset-backed securities, mortgage-backed securities, commercial
      mortgage-backed securities and collateralized mortgage obligations, and the
      next
      reset date for auction rate securities and (ii) with respect to mutual funds,
      the weighted average maturity of the investments it owns)
      not
      greater than six months from the date of acquisition thereof:

    

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      Midstream Operating, LP

    Amended
      and Restated Credit Agreement

     

    
      
         

      

      
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    (a)
      cash,

     

    (b)
      investments in money market mutual funds that are registered with the SEC and
      subject to Rule 2a-7 of the Investment Company Act of 1940 and have a net asset
      value of 1.0, 

     

      (c)
      U.S.
      Treasury Notes, 

     

    (d)
      direct obligations of the United States (including obligations of agencies
      and
      sponsored enterprises of the United States) and other obligations whose
      principal and interest is fully guaranteed by the United States, 

     

    (e)
      money
      market instruments (including, but not limited to, commercial paper, banker's
      acceptances, time deposits and certificates of deposits) rated A-1 by S&P or
      P-1 by Moody's at the time of purchase, 

     

    (f)
      obligations of corporations or other business entities (including, bonds, notes
      and other structured obligations) rated AAA by S&P, Aaa by Moody's or AAA by
      Fitch at the time of purchase, 

     

    (g)
      asset-backed securities rated AAA by S&P, Aaa by Moody's or AAA by Fitch at
      the time of purchase, 

     

    (h)
      mortgage-backed securities, commercial mortgage-backed securities and
      collateralized mortgage obligations rated AAA by S&P, Aaa by Moody's or AAA
      by Fitch at the time of purchase,

     

    (i)
      repurchase obligations that are collateralized no less than 102% of market
      value
      (including accrued interest) by obligations of the U.S. government or one of
      its
      sponsored enterprises or agencies, 

     

    (j)
      municipal obligations issued by any state of the United States of America or
      any
      municipality or other political subdivision of any such state rated AAA by
      S&P, Aaa by Moody's or AAA by Fitch at the time of purchase, 

     

    (k)
      7, 28
      or 35 day
      auction
rate
      securities
      rated
      AAA by S&P, Aaa by Moody's or AAA by Fitch at the time of
      purchase
      and

     

    (l) shares
      in
      bond mutual funds that are registered under the Investment Company Act of 1940
      that invest solely in the items set forth in (a)-(k) above and rated AAA by
      S&P, Aaa by Moody's or AAA by Fitch at the time of purchase,

     

    in
      each
      case above which is held in the applicable Cash Collateral Account and is
      subject to the Account Control Agreement and in which the Agent has, on behalf
      of the Lenders, a first priority perfected security interest (such security
      interest to be supported by a legal opinion from counsel to the Borrower in
      form
      and substance satisfactory to the Agent). 

     

    Notwithstanding
      the above, at the time of purchase, no one issuer will be more than 5% of the
      value of the Permitted Cash Collateral with respect to any Term Loan. This
      rule
      excludes direct obligations of the United States, United States sponsored
      agencies and enterprises, money market funds, repurchase agreements and
      securities that have an effective maturity no longer than the next business
      day.
      United States sponsored agencies and enterprises are limited to 40% of the
      value
      of the Permitted Cash Collateral with respect to any Term Loan at time of
      purchase, per issuer. For purposes of calculating the amount of Permitted Cash
      Collateral on deposit in the Cash Collateral Accounts hereunder, Permitted
      Cash
      Collateral of an issuer that exceeds the 5% or 40% thresholds set forth above
      shall be excluded from such calculation.

    

    DCP
      Midstream Operating, LP

    Amended
      and Restated Credit Agreement

     

    
      
         

      

      
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    "Permitted
      Cash Collateral-A2"
      means
      Permitted Cash Collateral securing the Term Loan A2.

     

    "Permitted
      Cash Collateral-A3"
      means
      Permitted Cash Collateral securing the Term Loan A3.

     

    "Person"
      means
      any individual, partnership, joint venture, firm, corporation, association,
      trust, limited liability company or other enterprise (whether or not
      incorporated), or any government or political subdivision or any agency,
      department or instrumentality thereof.

     

    "Plan"
      means
      any employee pension benefit plan (as defined in Section 3(2) of ERISA)
      which is covered by ERISA and with respect to which the Parent or any ERISA
      Affiliate is (or, if such plan were terminated at such time, would under
      Section 4069 of ERISA be deemed to be) an "employer" within the meaning of
      Section 3(5) of ERISA.

     

    "Prime
      Rate"
      means
      the per annum rate of interest established from time to time by the Agent at
      its
      principal office in Charlotte, North Carolina as its Prime Rate. Any change
      in
      the interest rate resulting from a change in the Prime Rate shall become
      effective as of 12:01 a.m. of the Business Day on which each change in the
      Prime Rate is announced by the Agent. The Prime Rate is a reference rate used
      by
      the Agent in determining interest rates on certain loans and is not intended
      to
      be the lowest rate of interest charged on any extension of credit to any
      debtor.

     

    "Properties"
      has the
      meaning set forth in Section 6.12.

     

    "Qualified
      Acquisition"
      means a
      Permitted Acquisition, the aggregate purchase price for which, when combined
      with the aggregate purchase price for all other Permitted Acquisitions in any
      rolling 12-month period, is greater than or equal to $25,000,000.

     

    "Qualified
      Project"
      means
      the construction or expansion of any capital project of the Parent or any of
      its
      Subsidiaries, the aggregate capital cost of which exceeds
      $10,000,000.

     

    "Qualified
      Project EBITDA Adjustments"
      shall
      mean, with respect to each Qualified Project:

     

    (a) prior
      to
      the Commercial Operation Date of a Qualified Project (but including the fiscal
      quarter in which such Commercial Operation Date occurs), a percentage (based
      on
      the then-current completion percentage of such Qualified Project) of an amount
      to be approved by the Agent as the projected Consolidated EBITDA of the Parent
      and its Subsidiaries attributable to such Qualified Project for the first
      12-month period following the scheduled Commercial Operation Date of such
      Qualified Project (such amount to be determined based on customer contracts
      relating to such Qualified Project, the creditworthiness of the other parties
      to
      such contracts, and projected revenues from such contracts, capital costs and
      expenses, scheduled Commercial Operation Date, oil and gas reserve and
      production estimates, commodity price assumptions and other reasonable factors
      deemed appropriate by Agent), which may, at the Parent's option, be added to
      actual Consolidated EBITDA for the Parent and its Subsidiaries for the fiscal
      quarter in which construction of such Qualified Project commences and for each
      fiscal quarter thereafter until the Commercial Operation Date of such Qualified
      Project (including the fiscal quarter in which such Commercial Operation Date
      occurs, but net of any actual Consolidated EBITDA of the Parent and its
      Subsidiaries attributable to such Qualified Project following such Commercial
      Operation Date); provided
      that if
      the actual Commercial Operation Date does not occur by the scheduled Commercial
      Operation Date, then the foregoing amount shall be reduced, for quarters ending
      after the scheduled Commercial Operation Date to (but excluding) the first
      full
      quarter after its actual Commercial Operation Date, by the following percentage
      amounts depending on the period of delay (based on the period of actual delay
      or
      then-estimated delay, whichever is longer): (i) 90 days or less, 0%, (ii) longer
      than 90 days, but not more than 180 days, 25%, (iii) longer than 180 days but
      not more than 270 days, 50%, and (iv) longer than 270 days, 100%;
      and

    

    DCP
      Midstream Operating, LP

    Amended
      and Restated Credit Agreement

     

    
      
         

      

      
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    (b) thereafter,
      actual Consolidated EBITDA of the Parent and its Subsidiaries attributable
      to
      such Qualified Project for each full fiscal quarter after the Commercial
      Operation Date, plus the amount approved by Agent pursuant to Part (a) above
      as
      the projected Consolidated EBITDA of Parent and its Subsidiaries attributable
      to
      such Qualified Project for the fiscal quarters constituting the balance of
      the
      four full fiscal quarter period following such Commercial Operation Date;
provided,
      in the
      event the actual Consolidated EBITDA of the Parent and its Subsidiaries
      attributable to such Qualified Project for any full fiscal quarter after the
      Commercial Operation Date shall materially differ from the projected
      Consolidated EBITDA approved by Agent pursuant to Part (a) above for such fiscal
      quarter, the projected Consolidated EBITDA of Parent and its Subsidiaries
      attributable to such Qualified Project for any remaining fiscal quarters
      included in the foregoing calculation shall be redetermined in the same manner
      as set forth in clause (a) above, such amount to be approved by the Agent,
      which
      may, at the Parent's option, be added to actual Consolidated EBITDA for the
      Parent and its Subsidiaries for such fiscal quarters.

     

    Notwithstanding
      the foregoing:

     

    (A) no
      such
      additions shall be allowed with respect to any Qualified Project
      unless:

     

    (1) not
      later
      than 30 days prior to the delivery of any certificate required by the terms
      and
      provisions of Section 7.1(d) to the extent Qualified Project EBITDA Adjustments
      will be made to Consolidated EBITDA in determining compliance with Section
      7.10,
      the Borrower shall have delivered to the Agent written pro forma projections
      of
      Consolidated EBITDA of the Parent and its Subsidiaries attributable to such
      Qualified Project; and

     

    (2) prior
      to
      the date such certificate is required to be delivered, the Agent shall have
      approved (such approval not to be unreasonably withheld) such projections and
      shall have received such other information and documentation as the Agent may
      reasonably request, all in form and substance satisfactory to the Agent,
      and

    

    DCP
      Midstream Operating, LP

    Amended
      and Restated Credit Agreement

     

     

    
      
         

      

      
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    (B) the
      aggregate amount of all Qualified Project EBITDA Adjustments during any period
      shall be limited to 20% of the total actual Consolidated EBITDA of the Parent
      and its Subsidiaries for such period (which total actual Consolidated EBITDA
      shall be determined without including any Qualified Project EBITDA
      Adjustments).

     

    "Rating
      Agency Designation"
      means a
      written notice in the form of Exhibit
      1.1
      provided
      from time to time by the Parent to the Agent setting forth up to three current
      Designated Rating Agencies.

     

    "Register"
      has the
      meaning set forth in Section 11.3(c).

     

    "Regulation A,
      D, T, U, or X"
      means
      Regulation A, D, T, U or X, respectively, of the Board of Governors of the
      Federal Reserve System as from time to time in effect and any successor to
      all
      or a portion thereof.

     

    "Reportable
      Event"
      means a
      "reportable event" as defined in Section 4043 of ERISA with respect to
      which the notice requirements to the PBGC have not been waived.

     

    "Required
      Collateral-A2 Amount"
      has the
      meaning specified in Section 7.13(b)(I).

     

    "Required
      Collateral-A3 Amount"
      has the
      meaning specified in Section 7.13(b)(II).

     

    "Required
      Lenders"
      means
      Lenders whose aggregate Credit Exposure constitutes more than 50% of the
      aggregate Credit Exposure of all Lenders at such time; provided,
      however, that if any Lender shall be a Defaulting Lender at such time then
      there
      shall be excluded from the determination of Required Lenders the aggregate
      principal amount of Credit Exposure of such Lender at such time.

     

    "Responsible
      Officer"
      means
      the president, chief financial officer, treasurer or assistant treasurer of
      the
      applicable Credit Party.

     

    "Restricted
      Payment"
      means
      any dividend or other distribution (whether in cash, securities or other
      property) with respect to Capital Stock of a Credit Party or any Subsidiary,
      or
      any payment (whether in cash, securities or other property), including any
      sinking fund or similar deposit, on account of the purchase, redemption,
      retirement, acquisition, cancellation or termination of any such Capital Stock
      or on account of any return of capital to a Credit Party's stockholders,
      partners or members (or the equivalent Person thereof), or any setting apart
      of
      funds or assets for any of the foregoing.

    

    "Revolver
      Maturity Date"
      shall
      mean the later of (a) the date that is five (5) years following the Closing
      Date
      and (b) if the Revolver Maturity Date is extended pursuant to Section 2.11,
      such
      extended Revolver Maturity Date as determined pursuant to such
      Section 2.11.

    

    "Revolving
      Committed Amount"
      means
      SIX HUNDRED MILLION DOLLARS ($600,000,000) as such amount may be reduced in
      accordance with Section 2.7 or increased pursuant to Section 2.10.

     

    "Revolving
      Lender"
      means a
      Lender who has a Commitment Percentage with respect to Revolving Loans greater
      than zero.

     

    "Revolving
      Loans"
      has the
      meaning set forth in Section 2.1(a).

    

    DCP
      Midstream Operating, LP

    Amended
      and Restated Credit Agreement

     

    
      
         

      

      
        18

        
          

        

      

      
         

      

    

     

    "Revolving
      Notes"
      means
      the promissory notes of the Borrower in favor of each of the Lenders evidencing
      the Loans provided pursuant to Section 2.1(a), individually or
      collectively, as appropriate, as such notes may be amended or modified from
      time
      to time and substantially in the form of Exhibit 2.9(a).
      

     

    "S&P"
      means
      Standard & Poor's Ratings Group, a division of McGraw Hill, Inc., or any
      successor or assignee of the business of such division in the business of rating
      securities.

    

    "Sale
      and Leaseback Transaction"
      means,
      with respect to a Credit Party or any Subsidiary, any arrangement, directly
      or
      indirectly, with any Person whereby a Credit Party or such Subsidiary shall
      sell
      or transfer any assets used or useful in its business, whether now owned or
      hereafter acquired, and thereafter rent or lease such assets or other assets
      that it intends to use for substantially the same purpose or purposes as the
      assets being sold or transferred.

    "Sanctioned
      Country"
      means a
      country subject to a sanctions program identified on the list maintained by
      OFAC
      and available at http://www.treas.gov/offices/enforcement
      /ofac/sanctions/index.html,
      or as
      otherwise published from time to time.

     

    "Sanctioned
      Person"
      means
      (a)
      a
      Person named on the list of "Specially Designated Nationals and Blocked Persons"
      maintained by OFAC available at http://www.treas.gov/offices/enforcement/ofac/sdn/index.html,
      or as
      otherwise published from time to time or (b)
      (i)
      an
      agency of the government of a Sanctioned Country, (ii)
      an
      organization controlled by a Sanctioned Country or (iii)
      a
      person resident in a Sanctioned Country, to the extent subject to a sanctions
      program administered by OFAC.

     

    "Single
      Employer Plan"
      means
      any Plan which is covered by Title IV of ERISA, but which is not a
      Multiemployer Plan or a Multiple Employer Plan.

     

    "Solvent"
      means,
      with respect to any Person as of a particular date, that on such date
      (a) such Person is able to pay its debts and other liabilities, contingent
      obligations and other commitments as they mature in the normal course of
      business, (b) such Person does not intend to, and does not believe that it
      will, incur debts or liabilities beyond such Person's ability to pay as such
      debts and liabilities mature in their ordinary course, (c) such Person is
      not engaged in a business or a transaction, and is not about to engage in a
      business or a transaction, for which such Person's assets would constitute
      unreasonably small capital after giving due consideration to the prevailing
      practice in the industry in which such Person is engaged or is to engage,
      (d) the fair value of the assets of such Person is greater than the total
      amount of liabilities, including, without limitation, contingent liabilities,
      of
      such Person and (e) the present fair saleable value of the assets of such
      Person is not less than the amount that will be required to pay the probable
      liability of such Person on its debts as they become absolute and matured.
      In
      computing the amount of contingent liabilities at any time, it is intended
      that
      such liabilities will be computed as the amount which, in light of all the
      facts
      and circumstances existing at such time, represents the amount that can
      reasonably be expected to become an actual or matured liability.

     

    "Subsidiary"
      means,
      as to any Person, (a) any corporation more than 50% of whose stock of any
      class or classes having by the terms thereof ordinary voting power to elect
      a
      majority of the directors of such corporation (irrespective of whether or not
      at
      the time, any class or classes of such corporation shall have or might have
      voting power by reason of the happening of any contingency) is at the time
      owned
      by such Person directly or indirectly through Subsidiaries, (b) any
      partnership, association, joint venture, limited liability company or other
      entity in which such person directly or indirectly through Subsidiaries has
      more
      than 50% equity interest at any time and (c) any other Person that is controlled
      by such Person and who for GAAP purposes is required to be consolidated into
      such Person's consolidated financial statements. Unless otherwise provided,
      as
      used herein, "Subsidiary" shall refer to a Subsidiary of the
      Parent.

    

    DCP
      Midstream Operating, LP

    Amended
      and Restated Credit Agreement

     

    
      
         

      

      
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    "Swap
      Contract"
      means,
      to the extent entered into on a fair market value basis at the time of entry,
      (a) any and all rate swap transactions, basis swaps, credit derivative
      transactions, forward rate transactions, commodity swaps, commodity options,
      forward commodity contracts, equity or equity index swaps or options, bond
      or
      bond price or bond index swaps or options or forward bond or forward bond price
      or forward bond index transactions, interest rate options, forward foreign
      exchange transactions, cap transactions, floor transactions, collar
      transactions, currency swap transactions, cross-currency rate swap transactions,
      currency options, spot contracts, or any other similar transactions or any
      combination of any of the foregoing (including any options to enter into any
      of
      the foregoing), whether or not any such transaction is governed by or subject
      to
      any master agreement, and (b) any and all transactions of any kind, and the
      related confirmations, which are subject to the terms and conditions of, or
      governed by, any form of master agreement published by the International Swaps
      and Derivatives Association, Inc., any International Foreign Exchange Master
      Agreement, or any other master agreement (any such master agreement, together
      with any related schedules, a "Master
      Agreement"),
      including any such obligations or liabilities under any Master
      Agreement.

    

    "Swingline
      Committed Amount"
      means
      SIXTY MILLION DOLLARS ($60,000,000).

     

    "Swingline
      Lender"
      means
      Wachovia Bank, National Association or any successor Swingline
      Lender.

     

    "Swingline
      Loan"
      or
      "Swingline
      Loans"
      has the
      meaning set forth in Section 2.8(a).

     

    "Swingline
      Note"
      means
      the promissory note of the Borrower in favor of the Swingline Lender evidencing
      the Swingline Loans provided pursuant to Section 2.8, as such promissory
      note may be amended or modified, from time to time and substantially in the
      form
      of Exhibit 2.9(c). 

     

    "Termination
      Event"
      means
      (a) with respect to any Single Employer Plan, the occurrence of a
      Reportable Event or the substantial cessation of operations (within the meaning
      of Section 4062(e) of ERISA), (b) the withdrawal of the Parent or any
      ERISA Affiliate from a Multiple Employer Plan during a plan year in which it
      was
      a substantial employer (as such term is defined in Section 4001(a)(2) of
      ERISA), or the termination of a Multiple Employer Plan, (c) the
      distribution of a notice of intent to terminate or the actual termination of
      a
      Plan pursuant to Section 4041(a)(2) or 4041A of ERISA, (d) the
      institution of proceedings to terminate or the actual termination of a Plan
      by
      the PBGC under Section 4042 of ERISA, (e) any event or condition which
      might reasonably constitute grounds under Section 4042 of ERISA for the
      termination of, or the appointment of a trustee to administer, any Plan, or
      (f) the complete or partial withdrawal of the Borrower or any ERISA
      Affiliate from a Multiemployer Plan.

     

    "Term
      Loan"
      has the
      meaning specified in Section 2.1(b).

     

    "Term
      Loan Maturity Date"
      means,
      with respect to the Term Loan A2 and the Term Loan A3, the date that is five
      (5)
      years following the Closing Date.

    

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      Midstream Operating, LP

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    "Term
      Loan Note"
      means
      the promissory notes of the Borrower in favor of each of the Lenders evidencing
      the Loans provided pursuant to Section 2.1(b), individually or
      collectively, as appropriate, as such notes may be amended or modified from
      time
      to time and substantially in the form of Exhibit 2.9(b).

     

    "Term
      Loan A2"
      has the
      meaning specified in Section 2.1(b)(i).

     

    "Term
      Loan A2 Commitment Fee"
      has the
      meaning set forth in Section 3.4(e)(i).

     

    "Term
      Loan A2 Commitment Period"
      shall
      mean the period from and including the Closing Date to and including the Term
      Loan A2 Commitment Termination Date.

     

    "Term
      Loan A2 Commitment Termination Date"
      shall
      mean November 15, 2007.

    "Term
      Loan A2 Funding Date"
      shall
      mean, with respect to the Term Loan A2, any Business Day occurring during the
      Term Loan A2 Commitment Period in which the Borrower delivers a Notice of
      Borrowing in accordance with Section 2.3(b); provided,
      that
      there shall be no more than two (2) Term Loan A2 Funding Dates during the Term
      Loan A2 Commitment Period.

     

    "Term
      Loan A3"
      has the
      meaning specified in Section 2.1(b)(ii).

     

    "Term
      Loan A3 Commitment Fee"
      has the
      meaning set forth in Section 3.4(e)(ii).

     

    "Term
      Loan A3 Commitment Period"
      shall
      mean the period from and including the Closing Date to and including the Term
      Loan A3 Commitment Termination Date.

     

    "Term
      Loan A3 Commitment Termination Date"
      shall
      mean December 31, 2007.

     

    "Term
      Loan A3 Funding Date"
      shall
      mean, with respect to the Term Loan A3, any Business Day occurring during the
      Term Loan A3 Commitment Period in which the Borrower delivers a Notice of
      Borrowing in accordance with Section 2.3(b); provided,
      that
      there shall be no more than two (2) Term Loan A3 Funding Dates during the Term
      Loan A3 Commitment Period.

     

    "Tier
      1
      Permitted Cash Collateral"
      means
      Permitted Cash Collateral with maturities of not more than 30 days from the
      date
      of acquisition with the exception of auction rate securities which may have
      a
      re-set date of 35 days or less.

     

    "Tier
      2
      Permitted Cash Collateral"
      means
      Permitted Cash Collateral with maturities more than 30 days from the date of
      acquisition but not more than 90 days from the date of acquisition.

     

    "Tier
      3
      Permitted Cash Collateral"
      means
      Permitted Cash Collateral with maturities more than 90 days from the date of
      acquisition but not more than 180 days from the date of
      acquisition.

     

    "Treasury
      Management Agreement"
      means
      any agreement governing the provision of treasury or cash management services,
      including deposit accounts, funds transfer, automated clearinghouse, zero
      balance accounts, returned check concentration, controlled disbursement,
      lockbox, account reconciliation and reporting and trade finance services
      provided by a Lender or an Affiliate of a Lender.

    

    "Utilization
      Fees"
      has the
      meaning set forth in Section 3.4(c).

    

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      Midstream Operating, LP

    Amended
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    "Utilized
      Revolving Loan Commitment"
      means,
      for any period from the Effective Date to the Revolver Maturity Date, the amount
      equal to the daily average sum for such period of the aggregate principal amount
      of all Revolving Loans plus Swingline Loans plus LOC Obligations.

     

    "Voting
      Stock"
      means
      all classes of the Capital Stock (or other voting interests) of such Person
      then
      outstanding and normally entitled to vote in the election of directors or other
      governing body of such Person.

     

    1.2 Computation
      of Time Periods.

     

    For
      purposes of computation of periods of time hereunder, the word "from" means
      "from and including" and the words "to" and "until" each mean "to but
      excluding." References in this Credit Agreement to "Articles", "Sections",
      "Schedules" or "Exhibits" shall be to Articles, Sections, Schedules or Exhibits
      of or to this Credit Agreement unless otherwise specifically
      provided.

     

    1.3 Accounting
      Terms.

     

    (a) Generally.
      Except
      as otherwise expressly provided herein, all accounting terms used herein shall
      be interpreted, and all financial statements and certificates and reports as
      to
      financial matters required to be delivered to the Lenders hereunder shall be
      prepared, in accordance with GAAP applied on a consistent basis.

     

    (b) Calculations.
      Notwithstanding anything in this Credit Agreement to the contrary:

    

    (i) For
      purposes of calculating compliance with the financial covenants set forth in
      Section 7.10 hereof and for purposes of determining the Applicable Margin,
      with
      respect to all Permitted Acquisitions subsequent to the Effective Date,
      Consolidated EBITDA, Consolidated Interest Expense and Consolidated Indebtedness
      with respect to such newly acquired assets shall be calculated on a pro forma
      basis as if such acquisition had occurred at the beginning of the applicable
      twelve month period of determination.

    

    (ii) For
      purposes of calculating compliance with the financial covenants set forth in
      Section 7.10 hereof and for purposes of determining the Applicable Margin,
      Consolidated EBITDA may include, at Parent's option, any Qualified Project
      EBITDA Adjustments as provided in the definition thereof.

     

    1.4 Time.

     

    All
      references to time herein shall be references to Eastern Standard Time or
      Eastern Daylight time, as the case may be, unless specified
      otherwise.

    

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      Midstream Operating, LP

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    SECTION
      2.

     

    LOANS

     

    2.1 Revolving
      and Term Loans. 

     

    (a) Revolving
      Loans.
      Subject
      to the terms and conditions set forth herein, each Revolving Lender severally
      agrees to make revolving loans to the Borrower in Dollars, at any time and
      from
      time to time, during the period from the Effective Date to the Revolver Maturity
      Date (each a "Revolving
      Loan"
      and
      collectively the "Revolving
      Loans");
      provided,
      however, that (a)
      the sum
      of the aggregate amount of Revolving Loans outstanding plus the aggregate amount
      of Swingline Loans outstanding plus the aggregate amount of LOC Obligations
      outstanding
      shall
      not exceed the Revolving Committed Amount and (b) with respect to each
      individual Revolving
      Lender,
      such Revolving
      Lender's
      pro rata share of outstanding Revolving
      Loans
      plus
      such
      Revolving Lender's pro rata share of outstanding LOC Obligations plus its pro
      rata share of Swingline Loans
      shall
      not exceed such Revolving
      Lender's
      Commitment Percentage of the Revolving Committed Amount. Subject to the terms
      of
      this Credit Agreement, the Borrower may borrow, repay and reborrow Revolving
      Loans.
      Revolving Loans may consist of Base Rate Loans or Eurodollar Loans as further
      provided herein; provided that any Revolving Loans made on the Closing Date
      shall be Base Rate Loans unless the Borrower delivers to the Agent a funding
      indemnity letter acceptable to the Agent. Unless earlier terminated pursuant
      to
      other provisions of this Credit Agreement, the Commitments hereunder with
      respect to Revolving Loans shall terminate on the Revolver Maturity
      Date.

     

    (b) Term
      Loans.
      

     

    (i) Term
      Loan A2.
      Subject
      to the terms and conditions set forth herein, each applicable Lender severally
      agrees to make available to the Borrower on each Term Loan A2 Funding Date,
      in
      accordance with Section 2.3(b), such Lender's applicable Commitment Percentage
      of a term loan in Dollars (the "
      Term
      Loan A2")
      in the
      aggregate principal amount after giving effect to all Term Loan A2 borrowings
      of
      up to ONE
      HUNDRED MILLION DOLLARS ($100,000,000)
      (the
"Term
      Loan A2 Committed Amount")
      for the
      purposes hereinafter set forth. Amounts
      repaid on the Term Loan A2 may not be reborrowed. The Term Loan A2 may consist
      of Base Rate Loans or Eurodollar Loans as further provided herein; provided
      that
      any borrowings of the Term Loan A2 on the Closing Date shall be Base Rate Loans.
      The unused commitments of the Lenders with respect to the Term Loan A2 shall
      expire on the Term Loan A2 Commitment Termination Date.

     

    (ii) Term
      Loan A3.
      Subject
      to the terms and conditions set forth herein, each applicable Lender severally
      agrees to make available to the Borrower on each Term Loan A3 Funding Date,
      in
      accordance with Section 2.3(b), such Lender's applicable Commitment Percentage
      of a term loan in Dollars (the "
      Term
      Loan A3")
      in the
      aggregate principal amount after giving effect to all Term Loan A3 borrowings
      of
      up to ONE
      HUNDRED FIFTY MILLION DOLLARS ($150,000,000)
      (the
"Term
      Loan A3 Committed Amount")
      for the
      purposes hereinafter set forth. Amounts
      repaid on the Term Loan A3 may not be reborrowed. The Term Loan A3 may consist
      of Base Rate Loans or Eurodollar Loans as further provided herein; provided
      that
      any borrowings of the Term Loan A3 on the Closing Date shall be Base Rate Loans.
      The unused commitments of the Lenders with respect to the Term Loan A3 shall
      expire on the Term Loan A3 Commitment Termination Date.

     

    (iii) Other
      Term Loans.
      Prior
      to the Term Loan Maturity Date and
      with
      the consent of the Agent (such consent not to be unreasonably
      withheld),
      the
      Borrower shall have the right to request, from time to time, additional term
      loans to be evidenced under this Credit Agreement; provided that (A) no Default
      or Event of Default shall exist at the time of such new term loan or after
      giving effect thereto, (B) no individual Lender shall be required to participate
      in any such term loan without its written consent, (C) the Credit Parties and
      the Lenders providing any such term loan shall enter into an amendment to this
      Credit Agreement as is necessary to evidence (x) the making of such term loan
      and (y) the creation of any Cash Collateral Account and Account Control
      Agreement and the establishment of any required collateral amounts associated
      therewith (it being understood and agreed that, as set forth in Section 11.6,
      such amendment shall not require the consent of any Lender not providing such
      term loan), (D) Schedule 1.1
      shall be
      amended to reflect the addition of the new term loan and the Lenders
      participating therein, (E) the
      Borrower shall execute and deliver such Term Note(s) as are requested by the
      Lenders providing commitments for such additional term loan, (F) the Borrower
      shall demonstrate to the satisfaction of the Agent that immediately after giving
      effect to such additional term loan, the Borrower is in compliance with Section
      7.10 on a pro forma basis, (G) unless specifically set forth herein, the terms
      of such additional term loan shall be determined at the time such additional
      term loan is incurred and (H) after giving effect to such additional term loan,
      the total amount of Term Loans outstanding plus the Revolving Committed Amount
      at such time shall not exceed $1,000,000,000.

    

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      Midstream Operating, LP

    Amended
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    Any
      such
      additional term loan, at the option of the Borrower, shall be provided by (x)
      one or more existing Lenders; provided that any existing Lender who provides
      a
      commitment for such term loan must consent in writing thereto and/or (y) one
      or
      more institutions that is not an existing Lender; provided that any such
      institution (1) must conform to the definition of Eligible Assignee, (2) must
      provide a commitment of at least $5,000,000 unless otherwise agreed to by the
      Agent and the Borrower and (3) must become a Lender under this Credit Agreement
      by execution and delivery of an appropriate joinder agreement or of counterparts
      to this Credit Agreement in a manner acceptable to the Borrower and the
      Agent.

     

    The
      Agent
      is authorized to enter into, on behalf of the Lenders, any amendment to this
      Credit Agreement or any other Credit Document as may be necessary to solely
      incorporate the terms of each such additional term loan therein.

     

    (iv) Term
      Loans.
      As used
      herein, "Term
      Loans"
      shall
      mean a collective reference to the Term Loan A2, the Term Loan A3 and any
      additional term loans incurred pursuant to Section 2.1(b)(iii)
      above.

     

    2.2 Letters
      of Credit. 

     

    (a) Issuance;
      Terms.
      Subject
      to the terms and conditions hereof and of the LOC Documents, if any, and any
      other terms and conditions which an Issuing Lender may reasonably require (so
      long as such terms and conditions do not impose any financial obligation on
      or
      require any Lien (not otherwise contemplated by this Credit Agreement) to be
      given by the Borrower or conflict with any obligation of, or detract from any
      action which may be taken by the Borrower or its Subsidiaries under this Credit
      Agreement), the applicable Issuing Lender shall from time to time, upon request,
      issue in Dollars, and the Revolving Lenders shall participate in, letters of
      credit (the "Letters
      of Credit")
      for
      the account of the Borrower (or, subject to Section 2.2(f), the Parent or any
      of
      its Subsidiaries) from the Effective Date until the Revolver Maturity Date,
      in a
      form reasonably acceptable to such Issuing Lender; provided,
      however, that (i) the sum of the aggregate amount of LOC Obligations outstanding
      plus Revolving Loans outstanding plus Swingline Loans outstanding shall not
      exceed the Revolving Committed Amount and (ii) with respect to each individual
      Lender, such Lender's pro rata share of outstanding Revolving Loans plus its
      pro
      rata share of outstanding LOC Obligations plus its pro rata share of Swingline
      Loans shall not exceed such Lender's Commitment Percentage of the Revolving
      Committed Amount. The issuance and expiry date of each Letter of Credit shall
      be
      a Business Day. No Letter of Credit shall have an expiry date extending beyond
      the date that is five (5) Business Days before the Revolver Maturity Date.
      Each
      Letter of Credit shall be either (x) a standby letter of credit issued to
      support the obligations (including pension or insurance obligations), contingent
      or otherwise, of the Borrower, the Parent or any of its Subsidiaries or (y)
      a
      commercial letter of credit in respect of the purchase of goods or services
      by
      the Borrower, the Parent or any of its Subsidiaries in the ordinary course
      of
      business. Each Letter of Credit shall comply with the related LOC Documents.
      The
      Borrower's reimbursement obligations in respect of each Existing Letter of
      Credit, and each Lender's participation obligations in connection therewith,
      shall be governed by the terms of this Credit Agreement. 

    

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      Midstream Operating, LP

    Amended
      and Restated Credit Agreement

     

    
      
         

      

      
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    (b) Notice
      and Reports.
      The
      request for the issuance of a Letter of Credit shall be submitted in writing
      to
      the applicable Issuing Lender at least three Business Days prior to the
      requested date of issuance. Such request shall specify the date such Letter
      of
      Credit is to be issued and describe the terms of such Letter of Credit and
      shall
      be accompanied by a completed application in form and substance satisfactory
      to
      such Issuing Lender. Each Issuing Lender will notify the Agent when a Letter
      of
      Credit is issued and the details with respect thereto and shall provide to
      the
      Agent and, upon written request, to the Lenders a detailed report specifying
      the
      Letters of Credit which are then issued and outstanding and any activity with
      respect thereto which may have occurred since the date of any prior report,
      and
      including therein, among other things, the account party, the beneficiary,
      the
      face amount, and the expiry date as well as any payments or expirations which
      may have occurred. Each Issuing Lender will further provide to the Agent,
      promptly upon request, copies of the Letters of Credit.

     

    (c) Participations.
      Each
      Lender, (i)
      on the
      Closing Date with respect to each Existing Letter of Credit and (ii) upon
      issuance of any other Letter of Credit, shall be deemed to have purchased
      without recourse a risk participation from the applicable Issuing Lender in
      such
      Letter of Credit and the obligations arising thereunder and any collateral
      relating thereto, in each case in an amount equal to its Commitment Percentage
      of the obligations under such Letter of Credit, and shall absolutely,
      unconditionally and irrevocably assume, as primary obligor and not as surety,
      and be obligated to pay to the applicable Issuing Lender therefor and discharge
      when due, its Commitment Percentage of the obligations arising under such Letter
      of Credit. Without limiting the scope and nature of each Lender's participation
      in any Letter of Credit, to the extent that the applicable Issuing Lender has
      not been reimbursed as required hereunder or under any such Letter of Credit,
      each such Lender shall pay to the applicable Issuing Lender its Commitment
      Percentage of such unreimbursed drawing in same day funds on the day of
      notification by the applicable Issuing Lender of an unreimbursed drawing
      pursuant to the provisions of subsection (d) hereof. The obligation of each
      Lender to so reimburse the applicable Issuing Lender shall be absolute and
      unconditional and shall not be affected by the occurrence of a Default, an
      Event
      of Default, the Revolver Maturity Date or any other occurrence or event. Any
      such reimbursement shall not relieve or otherwise impair the obligation of
      the
      Borrower to reimburse the applicable Issuing Lender under any Letter of Credit,
      together with interest as hereinafter provided.

     

    (d) Reimbursement.
      In the
      event of any request for a drawing or any drawing under any Letter of Credit,
      the applicable Issuing Lender will promptly notify the Borrower as to the amount
      to be paid as a result of such drawing and the date such payment is to be made
      by the applicable Issuing Lender (the "Payment
      Date").
      If
      the Commitments with respect to Revolving Loans remain in effect on the Payment
      Date, the Borrower shall, unless the Borrower otherwise instructs the Agent
      by
      not less than one Business Day's prior notice, be deemed to have requested
      a
      Revolving Loan at the Base Rate in the amount of the drawing as provided in
      subsection (e) hereof, the proceeds of which will be used to satisfy the
      reimbursement obligations. The Borrower shall reimburse the applicable Issuing
      Lender on the Payment Date either with the proceeds of a Revolving Loan obtained
      hereunder or otherwise in same day funds as provided herein or in the LOC
      Documents. If the Borrower shall fail to reimburse the applicable Issuing Lender
      as provided hereinabove, the unreimbursed amount of such drawing shall bear
      interest at a per annum rate equal to the Base Rate plus two percent (2%).
      The
      Borrower's reimbursement obligations hereunder shall be absolute and
      unconditional under all circumstances irrespective of (but without waiver of)
      any rights of set-off, counterclaim or defense to payment that the applicable
      account party or the Borrower may claim or have against the Issuing Lenders,
      the
      Agent, the Lenders, the beneficiary of the Letter of Credit drawn upon or any
      other Person, including without limitation, any defense based on any failure
      of
      the applicable account party or the Borrower to receive consideration or the
      legality, validity, regularity or unenforceability of the Letter of Credit.
      The
      applicable Issuing Lender will promptly notify the Lenders of the amount of
      any
      unreimbursed drawing and each Lender shall promptly pay to the Agent for the
      account of the applicable Issuing Lender, in Dollars and in immediately
      available funds, the amount of such Lender's Commitment Percentage of such
      unreimbursed drawing. Such payment shall be made on the day such notice is
      received by such Lender from the applicable Issuing Lender if such notice is
      received at or before 2:00 p.m., otherwise such payment shall be made at or
      before 12:00 Noon on the Business Day next succeeding the day such notice is
      received. If such Lender does not pay such amount to the applicable Issuing
      Lender in full upon such request, such Lender shall, on demand, pay to the
      Agent
      for the account of the applicable Issuing Lender interest on the unpaid amount
      during the period from the date the Lender received the notice regarding the
      unreimbursed drawing until such Lender pays such amount to the applicable
      Issuing Lender in full at a rate per annum equal to, if paid within two Business
      Days of the date of drawing, the Federal Funds Rate and thereafter at a rate
      equal to the Base Rate. Each Lender's obligation to make such payment to the
      applicable Issuing Lender, and the right of the applicable Issuing Lender to
      receive the same, shall be absolute and unconditional, shall not be affected
      by
      any circumstance whatsoever and without regard to the termination of this Credit
      Agreement or the Commitments with respect to Revolving Loans hereunder, the
      existence of a Default or Event of Default or the acceleration of the
      obligations hereunder and shall be made without any offset, abatement,
      withholding or reduction whatsoever. Simultaneously with the making of each
      such
      payment by a Lender to the applicable Issuing Lender, such Lender shall,
      automatically and without any further action on the part of the applicable
      Issuing Lender or such Lender, acquire a participation in an amount equal to
      such payment (excluding the portion of such payment constituting interest owing
      to the applicable Issuing Lender) in the related unreimbursed drawing portion
      of
      the LOC Obligation and in the interest thereon and in the related LOC Documents,
      and shall have a claim against the Borrower with respect
      thereto.

    

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      Midstream Operating, LP

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      and Restated Credit Agreement

     

    
      
         

      

      
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    (e) Repayment
      with Revolving Loans.
      On any
      day on which the Borrower shall have requested, or been deemed to have
      requested, a Revolving Loan borrowing to reimburse a drawing under a Letter
      of
      Credit, the Agent shall give notice to the Lenders that a Revolving Loan has
      been requested or deemed requested in connection with a drawing under a Letter
      of Credit, in which case a Revolving Loan borrowing comprised solely of Base
      Rate Loans (each such borrowing, a "Mandatory
      Borrowing")
      shall
      be immediately made from all Lenders (without giving effect to any termination
      of the Commitments pursuant to Section 9.2 or otherwise) pro rata based on
      each
      Lender's respective Commitment Percentage and the proceeds thereof shall be
      paid
      directly to the applicable Issuing Lender for application to the respective
      LOC
      Obligations. Each such Lender hereby irrevocably agrees to make such Revolving
      Loans immediately upon any such request or deemed request on account of each
      such Mandatory Borrowing in the amount and in the manner specified in the
      preceding sentence and on the same such date notwithstanding (i) the amount
      of
      Mandatory Borrowing may not comply with the minimum amount for borrowings of
      Revolving Loans otherwise required hereunder, (ii) whether any conditions
      specified in Section 5.2 are then satisfied, (iii) whether a Default or Event
      of
      Default then exists, (iv) failure of any such request or deemed request for
      Revolving Loans to be made by the time otherwise required hereunder or (v)
      any
      reduction in the Revolving Committed Amount. In the event that any Mandatory
      Borrowing cannot be made on the date otherwise required above, whether because
      the Commitments have terminated or for any other reason (including, without
      limitation, as a result of the commencement of a proceeding under the Bankruptcy
      Code with respect to the Borrower), then each such Lender hereby agrees that
      it
      shall forthwith fund (as of the date the Mandatory Borrowing would otherwise
      have occurred, but adjusted for any payments received from the Borrower on
      or
      after such date and prior to such purchase) its Participation Interest in the
      outstanding LOC Obligations; provided, that in the event any Lender shall fail
      to fund its Participation Interest on the day it is required to do so, then
      the
      amount of such Lender's unfunded Participation Interest therein shall bear
      interest payable to the applicable Issuing Lender upon demand, at the rate
      equal
      to, if paid within two Business Days of such date, the Federal Funds Rate,
      and
      thereafter at a rate equal to the Base Rate.

    

    DCP
      Midstream Operating, LP

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      and Restated Credit Agreement

     

    
      
         

      

      
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    (f) Designation
      of Subsidiaries as Account Parties.
      Notwithstanding anything to the contrary set forth in this Credit Agreement,
      a
      Letter of Credit issued hereunder may contain a statement to the effect that
      such Letter of Credit is issued for the account of the Parent or any of its
      Subsidiaries; provided, that notwithstanding such statement, the Borrower shall
      be the actual account party for all purposes of this Credit Agreement for such
      Letter of Credit and such statement shall not affect the Borrower's
      reimbursement obligations hereunder with respect to such Letter of
      Credit.

     

    (g) Modification
      and Extension.
      Except
      for non-substantive amendments to any Letter of Credit for the purpose of
      correcting errors or ambiguities or to allow for administrative convenience
      (which amendments each Issuing Bank may make in its discretion with the consent
      of the Borrower), the amendment, modification, supplement, extension or renewal
      of any Letter of Credit shall be deemed to be an issuance of such Letter of
      Credit. If any Letter of Credit contains a provision pursuant to which it is
      deemed to be automatically renewed unless notice of termination is given by
      the
      applicable Issuing Lender, such Issuing Lender shall timely give notice of
      termination if (i) as of close of business on the seventeenth day prior to
      the
      last day upon which such Issuing Lender's notice of termination may be given
      to
      the beneficiaries of such Letter of Credit, such Issuing Lender has received
      a
      notice of termination from the Borrower or a notice from the Agent that the
      conditions to issuance of such Letter of Credit have not been satisfied or
      (ii)
      the renewed Letter of Credit would have a term not permitted by subsection
      (a)
      above.

     

    (h) Uniform
      Customs and Practices.
      An
      Issuing Lender may have the Letters of Credit be subject to The Uniform Customs
      and Practice for Documentary Credits (the "UCP")
      or the
      International Standby Practices 1998 (the "ISP98"),
      in
      either case as published as of the date of issue by the International Chamber
      of
      Commerce, in which case the UCP or ISP98, as applicable, may be incorporated
      therein and deemed in all respects to be a part thereof.

     

    (i) Responsibility
      of Issuing Lenders.
      It is
      expressly understood and agreed that the obligations of each Issuing Lender
      hereunder to the Lenders are only those expressly set forth in this Credit
      Agreement and that each Issuing Lender shall be entitled to assume that the
      conditions precedent set forth in Section 5.2 have been satisfied unless it
      shall have acquired actual knowledge that any such condition precedent has
      not
      been satisfied; provided, however, that nothing set forth in this Section 2.2
      shall be deemed to prejudice the right of any Lender to recover from an Issuing
      Lender any amounts made available by such Lender to such Issuing Lender pursuant
      to this Section 2.2 in the event that it is determined by a court of competent
      jurisdiction that the payment with respect to a Letter of Credit constituted
      gross negligence or willful misconduct on the part of such Issuing
      Lender.

     

    (j) Conflict
      with LOC Documents.
      In the
      event of any conflict between this Credit Agreement and any LOC Document
      (including any letter of credit application and any LOC Documents relating
      to
      the Existing Letters of Credit), this Credit Agreement shall
      govern.

     

    (k) Indemnification
      of Issuing Lenders.

    

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    (i) In
      addition to its other obligations under this Credit Agreement, the Borrower
      hereby agrees to protect, indemnify, pay and save the Issuing Lenders harmless
      from and against any and all claims, demands, liabilities, damages, losses,
      costs, charges and expenses (including reasonable attorneys' fees) that the
      Issuing Lenders may incur or be subject to as a consequence, direct or indirect,
      of (A) the issuance of any Letter of Credit or (B) the failure of an Issuing
      Lender to honor a drawing under a Letter of Credit as a result of any act or
      omission, whether rightful or wrongful, of any present or future de jure or
      de
      facto government or Governmental Authority (all such acts or omissions, herein
      called "Government
      Acts").

     

    (ii) As
      between the Borrower and the Issuing Lenders, the Borrower shall assume all
      risks of the acts, omissions or misuse of any Letter of Credit by the
      beneficiary thereof. The Issuing Lenders shall not be responsible for: (A)
      the
      form, validity, sufficiency, accuracy, genuineness or legal effect of any
      document submitted by any party in connection with the application for and
      issuance of any Letter of Credit, even if it should in fact prove to be in
      any
      or all respects invalid, insufficient, inaccurate, fraudulent or forged; (B)
      the
      validity or sufficiency of any instrument transferring or assigning or
      purporting to transfer or assign any Letter of Credit or the rights or benefits
      thereunder or proceeds thereof, in whole or in part, that may prove to be
      invalid or ineffective for any reason; (C) failure of the beneficiary of a
      Letter of Credit to comply fully with conditions required in order to draw
      upon
      a Letter of Credit; (D) errors, omissions, interruptions or delays in
      transmission or delivery of any messages, by mail, cable, telegraph, telex
      or
      otherwise, whether or not they be in cipher; (E) errors in interpretation of
      technical terms; (F) any loss or delay in the transmission or otherwise of
      any
      document required in order to make a drawing under a Letter of Credit or of
      the
      proceeds thereof; and (G) any consequences arising from causes beyond the
      control of an Issuing Lender, including, without limitation, any Government
      Acts. None of the above shall affect, impair, or prevent the vesting of an
      Issuing Lender's rights or powers hereunder.

     

    (iii) In
      furtherance and extension and not in limitation of the specific provisions
      hereinabove set forth, any action taken or omitted by an Issuing Lender, under
      or in connection with any Letter of Credit or the related certificates, if
      taken
      or omitted in good faith, shall not put such Issuing Lender under any resulting
      liability to the Borrower. It is the intention of the parties that this Credit
      Agreement shall be construed and applied to protect and indemnify the Issuing
      Lenders against any and all risks involved in the issuance of the Letters of
      Credit, all of which risks are hereby assumed by the Borrower, including,
      without limitation, any and all risks of the acts or omissions, whether rightful
      or wrongful, of any present or future Government Acts. An Issuing Lender shall
      not, in any way, be liable for any failure by such Issuing Lender or anyone
      else
      to pay any drawing under any Letter of Credit as a result of any Government
      Acts
      or any other cause beyond the control of such Issuing Lender.

     

    (iv) Nothing
      in this subsection (k) is intended to limit the reimbursement obligation of
      the
      Borrower contained in this Section 2.2. The obligations of the Borrower under
      this subsection (k) shall survive the termination of this Credit Agreement.
      No
      act or omission of any current or prior beneficiary of a Letter of Credit shall
      in any way affect or impair the rights of an Issuing Lender to enforce any
      right, power or benefit under this Credit Agreement.

     

    (v) Notwithstanding
      anything to the contrary contained in this subsection (k) or any of the Credit
      Documents, the Borrower shall have no obligation to indemnify an Issuing Lender
      in respect of any liability incurred by such Issuing Lender arising solely
      out
      of the gross negligence or willful misconduct of such Issuing Lender, as
      determined by a court of competent jurisdiction. Nothing in this Credit
      Agreement shall relieve an Issuing Lender of any liability to the Borrower
      in
      respect of any action taken by such Issuing Lender which action constitutes
      gross negligence or willful misconduct of such Issuing Lender or a violation
      of
      the UCP, the ISP98 or Uniform Commercial Code (as applicable), as determined
      by
      a court of competent jurisdiction.

    

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    2.3 Method
      of Borrowing for Revolving Loans and Term Loans.

     

    (a) Revolving
      Loans.
      By no
      later than 11:00 a.m. (a) on the date of the requested borrowing of
      Revolving Loans (other than Swingline Loans) that will be Base Rate Loans or
      (b) three Business Days prior to the date of the requested borrowing of
      Loans that will be Eurodollar Loans, the Borrower shall submit a written Notice
      of Borrowing in the form of Exhibit 2.3
      to the
      Agent setting forth (i) the amount requested, (ii) whether such
      Revolving Loans shall accrue interest at the Adjusted Base Rate or the Adjusted
      Eurodollar Rate, (iii)  with respect to Revolving Loans that will be
      Eurodollar Loans, the Interest Period applicable thereto and
      (iv) certification that the Borrower has complied in all respects with
      Section 5.2. 

     

    (b)  Term
      Loans.
      By no
      later than 11:00 a.m. (a) on the date of the requested borrowing of
      the applicable Term Loans that will be Base Rate Loans or (b) three
      Business Days prior to the date of the requested borrowing of the applicable
      Term Loans that will be Eurodollar Loans, the Borrower shall submit a written
      Notice of Borrowing in the form of Exhibit 2.3
      to the
      Agent setting forth (i) the amount requested, (ii) whether such Term
      Loans shall accrue interest at the Adjusted Base Rate or the Adjusted Eurodollar
      Rate, (iii)  with respect to Term Loans that will be Eurodollar Loans, the
      Interest Period applicable thereto and (iv) certification that the Borrower
      has complied in all respects with Section 5.2.

     

    2.4 Funding
      of Revolving Loans and Term Loans.

     

    Upon
      receipt of a Notice of Borrowing, the Agent shall promptly inform the applicable
      Lenders as to the terms thereof. Each such Lender shall make its Commitment
      Percentage of the requested Revolving Loans or Term Loans, as applicable,
      available to the Agent by 2:00 p.m. on the date specified in the Notice of
      Borrowing by deposit, in Dollars, of immediately available funds at the Agency
      Services Address. The amount of the requested Loans will then be made available
      to the Borrower by the Agent by crediting the account of the Borrower on the
      books of such office of the Agent, to the extent the amount of such Loans are
      made available to the Agent.

     

    No
      Lender
      shall be responsible for the failure or delay by any other Lender in its
      obligation to make Loans under this Section 2.4; provided,
      however, that the failure of any Lender to fulfill its obligations hereunder
      shall not relieve any other Lender of its obligations hereunder. Unless the
      Agent shall have been notified by any Lender prior to the time of any such
      Loan
      that such Lender does not intend to make available to the Agent its portion
      of
      the Loans to be made on such date, the Agent may assume that such Lender has
      made such amount available to the Agent on the date of such Loans, and the
      Agent
      in reliance upon such assumption, may (in its sole discretion but without any
      obligation to do so) make available to the Borrower a corresponding amount.
      If
      such corresponding amount is not in fact made available to the Agent, the Agent
      shall be able to recover such corresponding amount from such Lender. If such
      Lender does not pay such corresponding amount forthwith upon the Agent's demand
      therefor, the Agent will promptly notify the Borrower and the Borrower shall
      immediately pay such corresponding amount within two Business Days to the Agent.
      The Agent shall also be entitled to recover from the Lender or the Borrower,
      as
      the case may be, interest on such corresponding amount in respect of each day
      from the date such corresponding amount was made available by the Agent to
      the
      Borrower to the date such corresponding amount is recovered by the Agent at
      a
      per annum rate equal to (a) from the Borrower at the applicable rate for
      such Loan pursuant to the Notice of Borrowing and (b) from a Lender at the
      Federal Funds Rate.

    

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    2.5 Continuations
      and Conversions.

     

    The
      Borrower shall have the option (subject to the limitations set forth below),
      on
      any Business Day, to continue existing Eurodollar Loans for a subsequent
      Interest Period, to convert Base Rate Loans into Eurodollar Loans or to convert
      Eurodollar Loans into Base Rate Loans; provided,
      however, that (a) each such continuation or conversion must be requested by
      the Borrower pursuant to a written Notice of Continuation/Conversion, in the
      form of Exhibit 2.5,
      in
      compliance with the terms set forth below, (b) if a Eurodollar Loan is
      continued or converted into a Base Rate Loan on any day other than the last
      day
      of the Interest Period applicable thereto, then the Borrower shall be subject
      to
      the provisions set forth in Section 4.3, (c) Eurodollar Loans may not
      be continued nor may Base Rate Loans be converted into Eurodollar Loans during
      the existence and continuation of a Default or Event of Default and (d) any
      request to extend a Eurodollar Loan that fails to comply with the terms hereof
      or any failure to request an extension of a Eurodollar Loan at the end of an
      Interest Period shall constitute a conversion to a Base Rate Loan on the last
      day of the applicable Interest Period. Each continuation or conversion must
      be
      requested by the Borrower no later than 11:00 a.m. (i) on the date for
      a requested conversion of a Eurodollar Loan to a Base Rate Loan or
      (ii) three Business Days prior to the date for a requested continuation of
      a Eurodollar Loan or conversion of a Base Rate Loan to a Eurodollar Loan, in
      each case pursuant to a written Notice of Continuation/Conversion submitted
      to
      the Agent which shall set forth (A) whether the Borrower wishes to continue
      or convert such Loans and (B) if the request is to continue a Eurodollar
      Loan or convert a Base Rate Loan to a Eurodollar Loan, the Interest Period
      applicable thereto. 

     

    2.6 Minimum
      Amounts.

     

    Each
      request for a Revolving Loan or a Term Loan or a conversion or continuation
      of a
      Loan hereunder shall be subject to the following requirements: (a) each
      Eurodollar Loan that is a Revolving Loan shall be in a minimum amount of
      $10,000,000 (and in integral multiples of $1,000,000 in excess thereof),
      (b) each Base Rate Loan that is a Revolving Loan shall be in a minimum
      amount of the lesser of $10,000,000 (and in integral multiples of $1,000,000
      in
      excess thereof) or the remaining amount available to be borrowed, (c) any Term
      Loan shall be in a minimum amount of the lesser of $10,000,000 or the remaining
      amount available to be borrowed, and (d) no more than ten Eurodollar Loans
      shall be outstanding hereunder at any one time. For the purposes of this
      Section, all Eurodollar Loans with the same Interest Periods that begin and
      end
      on the same date shall be considered as one Eurodollar Loan, but Eurodollar
      Loans with different Interest Periods, even if they begin on the same date,
      shall be considered separate Eurodollar Loans.

     

    2.7 Reductions
      of Revolving Committed Amount.

     

    Upon
      at
      least five (5) Business Days' notice, the Borrower shall have the right to
      permanently terminate or reduce the aggregate unused amount of the Revolving
      Committed Amount at any time or from time to time; provided,
      that
      (a) each partial reduction shall be in an aggregate amount at least equal
      to $10,000,000 and in integral multiples of $1,000,000 above such amount,
      (b) no reduction shall be made which would reduce the Revolving Committed
      Amount to an amount less than the aggregate amount of the then outstanding
      Revolving Loans plus the aggregate amount of the then outstanding LOC
      Obligations plus the aggregate amount of then outstanding Swingline Loans.
      Any
      reduction in (or termination of) the Revolving Committed Amount shall be
      permanent and may not be reinstated.

     

    2.8 Swingline
      Loans. 

     

    (a) Swingline
      Commitment.
      Subject
      to the terms and conditions herein, the Swingline Lender, in its individual
      capacity, agrees to make loans to the Borrower in Dollars, at any time and
      from
      time to time, during the period from the Effective Date to the Revolver Maturity
      Date (each a "Swingline
      Loan"
      and
      collectively, the "Swingline
      Loans");
      provided, however, that (a) the sum of the aggregate amount of Swingline
      Loans outstanding plus Revolving Loans outstanding plus LOC Obligations
      outstanding shall not exceed the Revolving Committed Amount and (b) the
      aggregate amount of Swingline Loans outstanding at any one time shall not exceed
      the Swingline Committed Amount. Subject to the terms and conditions of the
      Credit Agreement, the Borrower may borrow, repay and reborrow Swingline
      Loans.

    

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    (b) Notice
      of Borrowing and Funding.
      By no
      later than 1:00 p.m. on the date of the requested borrowing of Swingline Loans,
      the Borrower shall submit a written Notice of Borrowing in the form of
Exhibit 2.3
      to the
      Agent setting forth (i) the amount requested, (ii) certification that the
      Borrower has complied in all respects with Section 5.2 and (iii) whether such
      Swingline Loans shall be Base Rate Loans or LIBOR Market Index Rate Loans.
      Swingline Loan borrowings shall be made in minimum amounts of
      $500,000 and
      in
      integral amounts of $100,000 in excess thereof. The amount of the requested
      Swingline Loans will then be made available to the Borrower by the Swingline
      Lender by crediting the account of the Borrower on the books of such office
      of
      the Agent.

    

    (c) Repayment
      of Swingline Loans.
      Each
      Swingline Loan borrowing that is a Base Rate Loan shall be due and payable
      on
      the Revolver Maturity Date. Each Swingline Loan borrowing that is a LIBOR Market
      Index Rate Loan shall be due and payable on the earlier of (A) the Revolver
      Maturity Date and (B) fourteen days after the date such Swingline Loan is made.
      Swingline Loans that are LIBOR Market Index Rate Loans may not be refinanced
      with the proceeds of Swingline Loans that are LIBOR Market Index Rate Loans.
      The
      Swingline Lender may, at any time, in its sole discretion, by written notice
      to
      the Borrower, demand repayment of its Swingline Loans by way of a Revolving
      Loan
      borrowing, in which case the Borrower shall be deemed to have requested a
      Revolving Loan borrowing comprised entirely of Base Rate Loans in the amount
      of
      such Swingline Loans; provided,
      however,
      that,
      in the following circumstances, any such demand shall also be deemed to have
      been given one (1) Business Day prior to each of (i) the Revolver Maturity
      Date,
      (ii) the occurrence of any Event of Default described in Section 9.1(e), (iii)
      upon acceleration of the Obligations hereunder, whether on account of an Event
      of Default described in Section 9.1(e) or any other Event of Default, (iv)
      the
      exercise of remedies in accordance with the provisions of Section 9.2 hereof
      and
      (v) with respect to any LIBOR Market Index Rate Loan, the fourteenth day after
      the making of such Loan to the extent such Loan is not repaid sooner (each
      such
      Revolving Loan borrowing made on account of any such deemed request therefor
      as
      provided herein being hereinafter referred to as a "Mandatory
      Swingline Borrowing").
      Each
      Lender hereby irrevocably agrees to make such Revolving Loans on the day such
      notice is received by the Lenders from the Agent if such notice is received
      at
      or before 2:00 p.m., otherwise such payment shall be made at or before 12:00
      noon on the Business Day next succeeding the day such notice is received, in
      the
      amount and in the manner specified in the preceding sentence notwithstanding
      (A) the
      amount of the Mandatory Swingline Borrowing may not comply with the minimum
      amount for borrowings of Revolving Loans otherwise required hereunder, (B)
      whether any conditions specified in Section 5.2 are then satisfied, (C) whether
      a Default or an Event of Default then exists, (D) failure of any such request
      or
      deemed request for Revolving Loans to be made by the time otherwise required
      in
      Section 2.3, (E) the date of such Mandatory Swingline Borrowing, or (F) any
      reduction in the Revolving Committed Amount or termination of the Commitments
      with respect to Revolving Loans immediately prior to such Mandatory Swingline
      Borrowing or contemporaneously therewith. In the event that any Mandatory
      Swingline Borrowing cannot for any reason be made on the date otherwise required
      above (including, without limitation, as a result of the commencement of a
      proceeding under the Bankruptcy Code), then each Lender hereby agrees that
      it
      shall forthwith purchase (as of the date the Mandatory Swingline Borrowing
      would
      otherwise have occurred, but adjusted for any payments received from the
      Borrower on or after such date and prior to such purchase) from the Swingline
      Lender such Participation Interests in the outstanding Swingline Loans as shall
      be necessary to cause each such Lender to share in such Swingline Loans ratably
      based upon its respective Commitment Percentage (determined before giving effect
      to any termination of the Commitments pursuant to Section 9.2); provided
      that (x)
      all interest payable on the Swingline Loans shall be for the account of the
      Swingline Lender until the date as of which the respective Participation
      Interests is purchased, and (y) at the time any purchase of Participation
      Interests pursuant to this sentence is actually made, the purchasing Revolving
      Lender shall be required to pay to the Swingline Lender interest on the
      principal amount of such Participation Interests purchased for each day from
      and
      including the day upon which the Mandatory Swingline Borrowing would otherwise
      have occurred to but excluding the date of payment for such participation,
      at
      the rate equal to, if paid within two (2) Business Days of the date of the
      Mandatory Swingline Borrowing, the Federal Funds Effective Rate, and thereafter
      at a rate equal to the Base Rate.

    

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    2.9 Notes.

     

    (a) The
      Revolving Loans made by a Lender, upon request of such Lender, shall be
      evidenced by a duly executed promissory note of the Borrower payable to such
      Lender in substantially the form of Exhibit 2.9(a)
      (the
      "Revolving
      Notes").

     

    (b) The
      Term
      Loans made by a Lender, upon request of such Lender, shall be evidenced by
      a
      duly executed promissory note of the Borrower payable to such Lender in
      substantially the form of Exhibit
      2.9(b)
      (the
      "Term
      Loan Notes").

     

    (c) The
      Swingline Loans made by the Swingline Lender, upon request of the Swingline
      Lender, shall be evidenced by a promissory note of the Borrower payable to
      the
      Swingline Lender in substantially the form of Exhibit
      2.9(c)
      (the
      "Swingline
      Loan Note").

     

    2.10 Increases
      in Revolving Committed Amount.

    

    (a) Requested
      Increases.
      The
      Borrower shall have the right, prior to the Revolver Maturity Date and with
      the
      consent of the Agent and the Issuing Lenders (such consent not to be
      unreasonably withheld), from time to time during the term of this Credit
      Agreement, and subject to the terms and conditions set forth below, to increase
      the aggregate amount of the Revolving Committed Amount; provided that
      (i)
      no
      Default or Event of Default shall exist at the time of the request or the
      proposed increase in the Revolving Committed Amount; (ii)
      such
      increase must be in a minimum amount of $10,000,000 and in integral multiples
      of
      $1,000,000 above such amount, (iii)
      the
      Revolving Committed Amount shall not be increased pursuant to this Section
      2.10(a) to an amount that, when added to the total amount of Term Loans
      outstanding on the effective date of such increase, would be greater than ONE
      BILLION DOLLARS ($1,000,000,000), (iv)
      no
      individual Lender's Commitment may be increased without such Lender's written
      consent, (v)
      the
      Borrower shall execute and deliver such Revolving Note(s) as are necessary
      to
      reflect the increase in the Revolving Committed Amount, (vi)
      Schedule
      1.1
      shall be
      amended to reflect the revised Revolving Committed Amount and revised
      Commitments and Commitment Percentages of the Lenders and (vii)
      if any
      Revolving Loans are outstanding at the time of an increase in the Revolving
      Committed Amount, the Borrower will prepay (provided that any such prepayment
      shall be subject to Section 4.3) one or more existing Revolving Loans in an
      amount necessary such that after giving effect to the increase in the Revolving
      Committed Amount each Lender will hold its Commitment Percentage (based on
      its
      share of the revised Revolving Committed Amount) of outstanding Revolving
      Loans.

    

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    Any
      such
      increase in the Revolving Committed Amount shall apply, at the option of the
      Borrower, to (x) the Commitment with respect to Revolving Loans of one or more
      existing Lenders; provided that any Lender whose Commitment is being increased
      must consent in writing thereto and/or (y) the creation of a new Commitment
      with
      respect to Revolving Loans to one or more institutions that is not an existing
      Lender; provided that any such institution (A) must conform to the definition
      of
      Eligible Assignee, (B) must have a Commitment with respect to Revolving Loans
      of
      at least $10,000,000 unless otherwise agreed to by the Agent and the Borrower
      and (C) must become a Lender under this Credit Agreement by execution and
      delivery of an appropriate joinder agreement or of counterparts to this Credit
      Agreement in a manner acceptable to the Borrower and the Agent.

     

    (b) Automatic
      Increases.
      The
      Revolving Committed Amount shall be automatically increased from time to time
      in
      accordance with Section 3.2(a)(iii). The Commitments for any such increase
      shall
      be provided pro rata by the Lenders under the applicable Term Loan, the
      prepayment of which gave rise to such increase pursuant to Section 3.2(a)(iii).
      Upon any such increase, (i) Schedule
      1.1 shall
      be
      amended to reflect the revised Revolving Committed Amount and the revised
      Commitments of the Lenders providing the additional Commitments for such
      increase and (ii) the Borrower will prepay (provided that any such prepayment
      shall be subject to Section 4.3) one or more existing Revolving Loans in an
      amount necessary such that after giving effect to the increase in the Revolving
      Committed Amount each Lender will hold its Commitment Percentage (as revised
      due
      to the increase in the Revolving Committed Amount) of outstanding Revolving
      Loans.

     

    2.11 Extension
      of Revolver Maturity Date.

     

    (a) Requests
      for Extension.
      The
      Borrower may from time to time, during the term of this Credit Agreement, by
      notice to the Agent (who shall promptly notify the Lenders) not earlier than
      60
      days and not later than 30 days prior to any anniversary of the Closing Date
      that occurs prior to the Revolver Maturity Date, request on more than one
      occasion that each Revolving Lender consent to extend the Revolver Maturity
      Date
      for an additional one year from the Revolver Maturity Date then in effect
      hereunder (the
      "Existing
      Maturity Date").

    

    (b) Lender
      Elections to Extend.
      Each
      Revolving Lender, acting in its sole and individual discretion, shall, by notice
      to the Agent given not later than the date (the "Notice
      Date")
      that
      is 15 days prior to the applicable anniversary of the Closing Date, advise
      the
      Agent whether or not such Revolving Lender agrees to such extension (and each
      Revolving Lender that determines not to so extend its Revolver Maturity Date
      (a
      "Non-Extending
      Lender")
      shall
      notify the Agent of such fact promptly after such determination (but in any
      event no later than the Notice Date) and any Revolving Lender that does not
      so
      advise the Agent on or before the Notice Date shall be deemed to be a
      Non-Extending Lender. The election of any Revolving Lender to agree to such
      extension shall not obligate any other Revolving Lender to so
      agree.

    

    (c) Notification
      by Agent.
      The
      Agent shall notify the Borrower of each Revolving Lender's determination under
      this Section no later than the date 15 days prior to the applicable
      anniversary of the Closing Date (or, if such date is not a Business Day, on
      the
      next preceding Business Day).

    

    (d) Additional
      Commitment Lenders.
      The
      Borrower shall have the right on or before the applicable
      anniversary of the Closing
      Date to
      replace each Non-Extending Lender with one or more institutions (each, an
      "Additional
      Commitment Lender")
      (i)
      that are existing Lenders (and, if any such Additional Commitment Lender is
      already a Lender, its Commitment with respect to Revolving Loans shall be in
      addition to such Lender's Commitment hereunder on such date) or (ii) that are
      not existing Lenders; provided
      that any
      such institution (A) must conform to the definition of Eligible Assignee, (B)
      must be acceptable to the Agent (which approval shall not be unreasonably
      withheld or delayed) and (C) must become a Lender under this Credit Agreement
      by
      execution and delivery of an appropriate joinder agreement or of counterparts
      to
      this Credit Agreement in a manner acceptable to the Borrower and the
      Agent.

    

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    (e) Minimum
      Extension Requirement.
      If (and
      only if) the total of the Commitments with respect to Revolving Loans of the
      Revolving Lenders that have agreed so to extend the Revolver Maturity Date
      and
      the additional Commitments with respect to Revolving Loans of the Additional
      Commitment Lenders shall be at least 51% of the aggregate amount of the
      Revolving Committed Amount in effect immediately prior to the applicable
      anniversary of the Closing Date, then, effective as of the applicable
      anniversary of the Closing Date, the Revolver Maturity Date shall be extended
      to
      the date falling one year after the Existing Maturity Date (except that, if
      such
      date is not a Business Day, such Revolver Maturity Date as so extended shall
      be
      the next preceding Business Day) and each Additional Commitment Lender shall
      thereupon become a "Lender" for all purposes of this Agreement.

    

    (f) Conditions
      to Effectiveness of Extensions.
      Notwithstanding the foregoing, the extension of the Revolver Maturity Date
      pursuant to this Section shall not be effective unless:

    

    (i) no
      Default or Event of Default shall have occurred and be continuing on the date
      of
      such extension and after giving effect thereto;

    

    (ii) the
      representations
      and
      warranties contained in this Credit Agreement are true and correct on and as
      of
      the date of such extension and after giving effect thereto, as though made
      on
      and as of such date (or, if any such representation or warranty is expressly
      stated to have been made as of a specific date, as of such specific date);
      

    

    (iii) with
      respect to each Non-Extending Lender, on the Revolver Maturity Date (as in
      effect prior to such extension), the Borrower shall prepay
      (provided that any such prepayment shall be subject to Section 4.3) all
      Obligations owing to such Non-Extending Lender and the Revolving Committed
      Amount shall be reduced by an amount equal to such Non-Extending Lender's
      Commitment with respect to Revolving Loans; 

    

    (iv) on
      the
      Revolver Maturity Date (as
      in
      effect prior to such extension), the Borrower shall prepay
      (provided that any such prepayment shall be subject to Section 4.3) one or
      more
      existing Revolving Loans in an amount necessary such that, after giving effect
      to the extension of the Revolver Maturity Date, each Lender will hold its pro
      rata share (based on its share of the revised Revolving Committed Amount) of
      outstanding Revolving Loans; 

    

    (v) on
      the
      Revolver Maturity Date (as
      in
      effect prior to such extension), the Borrower shall prepay
      (provided that any such prepayment shall be subject to Section 4.3) one or
      more
      existing Revolving Loans or cash collateralize Letters of Credit in an amount
      necessary such that, after giving effect to the extension of the Revolver
      Maturity Date, the aggregate amount of LOC Obligations outstanding plus
      Revolving Loans outstanding shall not exceed the Revolving Committed Amount;
      and

    

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    (vi) since
      the
      date of the most recent annual audited financial statements delivered pursuant
      to Section 7.1(a), no event or condition shall have occurred on or before the
      date of such extension that would have or would be reasonably expected to have
      a
      Material Adverse Effect.

    

    (g) Conflicting
      Provisions.
      This
      Section shall supersede any provisions in Section 3.3 to the
      contrary.

     

    SECTION
      3.

     

    PAYMENTS

     

    3.1 Interest.

     

    (a) Interest
      Rate.
      

     

    (i) All
      Base
      Rate Loans and all Swingline Loans shall accrue interest at the Adjusted Base
      Rate.

     

    (ii) All
      Eurodollar
      Loans
      shall accrue interest at the Adjusted Eurodollar Rate applicable to such
      Eurodollar Loan.

     

    (iii) All
      LIBOR
      Market Index Rate Loans shall accrue interest at the Adjusted LIBOR Market
      Index
      Rate.

     

    (b) Default
      Rate of Interest.
      Upon
      the occurrence, and during the continuation, of an Event of Default, all past
      due principal of and, to the extent permitted by law, past due interest on,
      the
      Loans and any other past due amounts owing hereunder or under the other Credit
      Documents shall bear interest, payable on demand, at a per annum rate equal
      to
      one percent (1%) plus the rate which would otherwise be applicable (or if
      no rate is applicable, then the rate for Loans that are Base Rate Loans plus
      one
      percent (1%) per annum).

     

    (c) Interest
      Payments.
      Interest on Loans shall be due and payable in arrears on each Interest Payment
      Date.

     

    3.2 Prepayments. 

     

    (a) Voluntary
      Prepayments.
      The
      Borrower shall have the right to prepay Loans in whole or in part from time
      to
      time without premium or penalty; provided,
      however, that (i) Eurodollar Loans may only be prepaid on three Business
      Days' prior written notice to the Agent and any prepayment of Eurodollar Loans
      will be subject to Section 4.3; (ii) each such partial prepayment of
      Revolving Loans shall be in the minimum principal amount of $10,000,000 and
      each
      such partial prepayment of Term Loans shall be in the minimum principal amount
      of $1,000,000; (iii) any voluntary prepayment of a Term Loan in connection
      with
      a Permitted Acquisition or capital expenditure shall cause the Revolving
      Committed Amount to be increased in the same dollar amount of such prepayment
      and shall be subject to Section 2.10(b); and (iv) any prepayment of the Term
      Loans shall be applied first to the Term Loan A2, second to the Term Loan A3
      and
      thereafter to any additional term loans incurred pursuant to Section 2.1(b)(iii)
      hereof in the direct order in which such term loans were incurred. Any
      prepayments made under this Section 3.2(a)
      shall
      be applied first to LIBOR Market Index Rate Loans in the direct order such
      Loans
      were incurred, next to Base Rate Loans and then to Eurodollar Loans in direct
      order of Interest Period maturities and shall be subject to Section 4.3. The
      increase in the Revolving Committed Amount pursuant to this clause (a) may,
      upon
      request of the Borrower, occur concurrently with the prepayment of the Term
      Loans.

    

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    (b) Mandatory
      Prepayments.
      If at
      any time the amount of Revolving Loans outstanding plus Swingline Loans
      outstanding plus the aggregate amount of LOC Obligations outstanding exceeds
      the
      Revolving Committed Amount, the Borrower shall immediately make a principal
      payment to the Agent in a manner and in an amount necessary to be in compliance
      with Sections 2.1(a), 2.2 and 2.8 and as directed by the Agent. All amounts
      required to be paid pursuant to this Section 3.2(b)
      shall
      be (A) applied first to Swingline Loans (first to LIBOR Market Index Rate
      Loans in the direct order such Loans were incurred and then to Base Rate Loans),
      then to Revolving Loans (first to Base Rate Loans and then to Eurodollar Loans
      in the direct order of Interest Period maturities) and then to a cash collateral
      account in respect of LOC Obligations and (B) subject to Section
      4.3.

     

    3.3 Payment
      of Loans in full at Maturity.

     

    On
      the
      applicable Maturity Date, the entire outstanding principal balance of all
      applicable Loans, together with accrued but unpaid interest and all other sums
      owing under this Credit Agreement, shall be due and payable in full, unless
      accelerated sooner pursuant to Section 9.2.

     

    3.4 Fees.

     

    (a) Facility
      Fees.
      The
      Borrower shall pay to the Agent, for the pro rata benefit of the Lenders, a
      facility fee (the "Facility
      Fee") equal
      to
      the Applicable
      Margin for Facility Fees times
      the
      actual daily amount of Revolving
      Committed Amount (or, if the Commitments with respect to Revolving Loans have
      terminated, on the outstanding amount of all Revolving Loans, Swingline Loans
      and LOC Obligations), regardless of usage. The Facility Fee shall accrue at
      all
      times during the period beginning on the Effective Date and ending on the
      Revolver Maturity Date (and thereafter so long as any Revolving
      Loans, Swingline Loans or LOC Obligations remain outstanding), including at
      any
      time during which one or more of the conditions in Section 5.2 is not met,
      and
      shall be due and payable quarterly in arrears on the15th
      day
      following the last day of each calendar quarter for the prior calendar quarter,
      commencing with the first such date to occur after the Closing Date, and on
      the
      Revolver Maturity Date (and, if applicable, thereafter on demand). The Facility
      Fee shall be calculated quarterly in arrears, and if there is any change in
      the Applicable
      Margin for Facility Fees during
      any quarter, the actual daily amount shall be computed and multiplied by the
      Applicable Margin for Facility Fees separately for each period during such
      quarter that such Applicable Margin for Facility Fees was in
      effect.

     

    (b) Letter
      of Credit Fees.
      

     

    (i) Letter
      of Credit Fees.
      In
      consideration of the issuance of Letters of Credit hereunder, the Borrower
      agrees to pay to the Agent, for the pro rata benefit of each Revolving Lender,
      a
      per annum fee equal to the Applicable Margin for Eurodollar Loans in effect
      from
      time to time on the aggregate stated amount for each Letter of Credit from
      the
      date of issuance to the date of expiration (the "Letter
      of Credit Fees").
      The
      accrued Letter of Credit Fees shall be due and payable in arrears on the
      15th
      day
      after the end of each calendar quarter of the Borrower (as well as on the
      Revolver Maturity Date) for the immediately preceding calendar quarter (or
      portion thereof), beginning with the first of such dates to occur after the
      Closing Date.

    

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    (ii) Issuing
      Lender Fees.
      In
      addition to the Letter
      of
      Credit Fees payable pursuant to subsection (i) above, the Borrower shall pay
      to
      the applicable Issuing Lender for its own account, without sharing by the other
      Lenders, (A) if the applicable Issuing Lender is Wachovia Bank, National
      Association, a fee equal to one-eighth of one percent (.125%) per annum or
      (B)
      if the applicable Issuing Lender is any other Lender, such other rate as agreed
      to between such Issuing Lender and the Borrower, in each case on the total
      sum
      of all Letters of Credit issued by the applicable Issuing Lender and outstanding
      during the applicable period and (C) the customary charges from time to time
      to
      the applicable Issuing Lender for its services in connection with the issuance,
      amendment, payment, transfer, administration, cancellation and conversion of,
      and drawings under, such Letters of Credit (collectively, the "Issuing
      Lender Fees").
      The
      accrued Issuing Lender Fees shall be due and payable in arrears on the
      15th
      day
      following the last day of each calendar quarter of the Borrower (as well as
      on
      the Revolver Maturity Date) for the immediately preceding calendar quarter
      (or
      portion thereof), beginning with the first of such dates to occur after the
      Closing Date. 

     

    (c) Utilization
      Fees.

     

    (i) If
      on any
      day the aggregate outstanding principal amount of all Revolving Loans, Swingline
      Loans and LOC Obligations exceeds the product of (A) fifty percent (50%)
times
      (B) (1)
      the Revolving Committed Amount plus
      (2) the
      aggregate amount of Commitments and Loans outstanding under the Term Loans,
      the
      Borrower agrees to pay to the Agent, for the pro rata benefit of each Revolving
      Lender, a per annum fee equal to Applicable Margin for Utilization Fees
      multiplied by the Utilized Revolving Loan Commitment (the "Utilization
      Fees").

     

    (ii) The
      accrued Utilization Fees shall be due and payable in arrears on the
      15th
      day
      following the last day of each calendar quarter of the Borrower for the
      immediately preceding calendar quarter (or portion thereof), beginning with
      the
      first of such dates to occur after the Closing Date.

     

    (d) Administrative
      Fee.
      The
      Borrower agrees to pay to the Agent the annual administrative fee as described
      in the Fee Letter.

     

    (e) Commitment
      Fees.
      

     

    (i) The
      Borrower shall pay to the Agent, for the pro rata benefit of the applicable
      Lenders, a commitment fee (the "Term
      Loan A2 Commitment Fee")
      in an
      amount equal to 0.05% per annum on (A) the Term Loan A2 Committed Amount
minus
      (B) the
      aggregate amount of the outstanding borrowings under the Term Loan A2 (computed
      on the basis of the actual number of days elapsed over a 360-day year). The
      Term
      Loan A2 Commitment Fee shall accrue from September 30, 2007 to, and shall be
      payable in full to the Agent on, the earliest to occur of (1) the Term Loan
      A2
      Commitment Termination Date, (2) the second Term Loan A2 Funding Date, (3)
      the
      date upon which the full amount of the Term Loan A2 has been drawn or (4) any
      other date upon which the commitments of the Lenders to make loans under the
      Term Loan A2 expire or terminate, regardless of whether any drawing has occurred
      thereunder.

    

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    (ii) The
      Borrower shall pay to the Agent, for the pro rata benefit of the applicable
      Lenders, a commitment fee (the "Term
      Loan A3 Commitment Fee")
      in an
      amount equal to 0.05% per annum on (A) the Term Loan A3 Committed Amount
minus
      (B) the
      aggregate amount of the outstanding borrowings under the Term Loan A3 (computed
      on the basis of the actual number of days elapsed over a 360-day year). The
      Term
      Loan A3 Commitment Fee shall accrue from September 30, 2007 to, and shall be
      payable in full to the Agent on, the earliest to occur of (1) the Term Loan
      A3
      Commitment Termination Date, (2) the second Term Loan A3 Funding Date, (3)
      the
      date upon which the full amount of the Term Loan A3 has been drawn or (4) any
      other date upon which the commitments of the Lenders to make the loans under
      the
      Term Loan A3 expire or terminate, regardless of whether any drawing has occurred
      thereunder.

     

    3.5 Place
      and Manner of Payments.

     

    All
      payments of principal, interest, fees, expenses and other amounts to be made
      by
      the Borrower under this Credit Agreement shall be made without setoff, deduction
      or counterclaim and received not later than 2:00 p.m. on the date when due
      in Dollars and in immediately available funds by the Agent at the Agency
      Services Address. The Borrower shall, at the time it makes any payment under
      this Credit Agreement, specify to the Agent the Loans, Letters of Credit, fees
      or other amounts payable by the Borrower hereunder to which such payment is
      to
      be applied (and in the event that it fails to specify, or if such application
      would be inconsistent with the terms hereof, the Agent shall distribute such
      payment to the Lenders in such manner as it reasonably determines in its sole
      discretion). The Agent will distribute such payments to the applicable Lenders
      on the same Business Day if any such payment is received prior to
      2:00 p.m.; otherwise the Agent will distribute each payment to the
      applicable Lenders prior to 12:00 noon on the next succeeding Business Day.
      Whenever any payment hereunder shall be stated to be due on a day which is
      not a
      Business Day, the due date thereof shall be extended to the next succeeding
      Business Day (subject to accrual of interest and fees for the period of such
      extension), except that in the case of Eurodollar Loans, if the extension would
      cause the payment to be made in the next following calendar month, then such
      payment shall be made on the next preceding Business Day.

     

    3.6 Pro
      Rata Treatment.

     

    (a) Loans/Fees.
      Except
      to the extent otherwise provided herein, all borrowing of Revolving Loans
      (including each Mandatory Borrowing) and Term Loans, each payment or prepayment
      of principal of any Revolving Loan or Term Loan, each payment of interest on
      the
      Revolving Loans or Term Loans, each payment of Facility Fees and Utilization
      Fees, each payment of Letter of Credit Fees, each reduction of the Revolving
      Committed Amount and each conversion or continuation of any Revolving Loan
      or
      Term Loan, shall be allocated pro rata among the Lenders in accordance with
      their respective Commitment Percentages; provided,
      that,
      if any Lender shall have failed to pay its applicable pro rata share of any
      Loan, then any amount to which such Lender would otherwise be entitled pursuant
      to this Section 3.6
      shall
      instead be payable to the Agent until the share of such Loan not funded by
      such
      Lender has been repaid and any interest owed by such Lender as result of such
      failure to fund has been paid; and provided,
      further,
      that in
      the event any amount paid to any Lender pursuant to this
      Section 3.6
      is
      rescinded or must otherwise be returned by the Agent, each Lender shall, upon
      the written request
      of the Agent, repay to the Agent the amount so paid to such Lender, with
      interest for the period commencing on the date such payment is returned by
      the
      Agent until the date the Agent receives such repayment at a rate per annum
      equal
      to, during the period to but excluding the date two Business Days after such
      request, the Federal Funds Rate, and thereafter, the Base Rate plus
      one
      percent (1%) per annum.

    

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    (b) Letters
      of Credit.
      Each
      payment of unreimbursed drawings in respect of LOC Obligations shall be
      allocated to each Lender pro rata in accordance with its Commitment Percentage;
      provided,
      that,
      if any Lender shall have failed to pay its applicable pro rata share of any
      drawing under any Letter of Credit, then any amount to which such Lender would
      otherwise be entitled pursuant to this subsection (b) shall instead be payable
      to the applicable Issuing Lender; provided,
      further,
      that in
      the event any amount paid to any Lender pursuant to this subsection (b) is
      rescinded or must otherwise be returned by the applicable Issuing Lender, each
      Lender shall, upon the written request of the applicable Issuing Lender, repay
      to the Agent for the account of the applicable Issuing Lender the amount so
      paid
      to such Lender, with interest for the period commencing on the date such payment
      is returned by the applicable Issuing Lender until the date the applicable
      Issuing Lender receives such repayment at a rate per annum equal to, during
      the
      period to but excluding the date two Business Days after such request, the
      Federal Funds Rate, and thereafter, the Base Rate plus
      one
      percent (1%) per annum.

     

    3.7 Computations
      of Interest and Fees. 

     

    (a) Except
      for Base Rate Loans that are based upon the Prime Rate, on which interest shall
      be computed on the basis of a 365 or 366 day year as the case may be, all
      computations of interest and fees hereunder shall be made on the basis of the
      actual number of days elapsed over a year of 360 days.

     

    (b) It
      is the
      intent of the Lenders and the Credit Parties to conform to and contract in
      strict compliance with applicable usury law from time to time in effect. All
      agreements between the Lenders and the Credit Parties are hereby limited by
      the
      provisions of this paragraph which shall override and control all such
      agreements, whether now existing or hereafter arising and whether written or
      oral. In no way, nor in any event or contingency (including but not limited
      to
      prepayment or acceleration of the maturity of any obligation), shall the
      interest taken, reserved, contracted for, charged, or received under this Credit
      Agreement, under the Notes or otherwise, exceed the maximum nonusurious amount
      permissible under applicable law. If, from any possible construction of any
      of
      the Credit Documents or any other document, interest would otherwise be payable
      in excess of the maximum nonusurious amount, any such construction shall be
      subject to the provisions of this paragraph and interest owing pursuant to
      such
      documents shall be automatically reduced to the maximum nonusurious amount
      permitted under applicable law, without the necessity of execution of any
      amendment or new document. If any Lender shall ever receive anything of value
      which is characterized as interest on the Loans under applicable law and which
      would, apart from this provision, be in excess of the maximum lawful amount,
      an
      amount equal to the amount which would have been excessive interest shall,
      without penalty, be applied to the reduction of the principal amount owing
      on
      the Loans and not to the payment of interest, or refunded to a Credit Party
      or
      the other payor thereof if and to the extent such amount which would have been
      excessive exceeds such unpaid principal amount of the Loans. The right to demand
      payment of the Loans or any other indebtedness evidenced by any of the Credit
      Documents does not include the right to receive any interest which has not
      otherwise accrued on the date of such demand, and the Lenders do not intend
      to
      charge or receive any unearned interest in the event of such demand. All
      interest paid or agreed to be paid to the Lenders with respect to the Loans
      shall, to the extent permitted by applicable law, be amortized, prorated,
      allocated, and spread throughout the full stated term (including any renewal
      or
      extension) of the Loans so that the amount of interest on account of such
      indebtedness does not exceed the maximum nonusurious amount permitted by
      applicable law.

    

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    3.8 Sharing
      of Payments.

     

    Each
      Lender agrees that, in the event that any Lender shall obtain payment in respect
      of any Loan, any unreimbursed drawing with respect to any LOC Obligations or
      any
      other obligation owing to such Lender under this Credit Agreement through the
      exercise of a right of set-off, banker's lien, counterclaim or otherwise
      (including, but not limited to, pursuant to the Bankruptcy Code) in excess
      of
      its pro rata share as provided for in this Credit Agreement, such Lender shall
      promptly purchase from the other Lenders a participation in such Loans, LOC
      Obligations and other obligations, in such amounts and with such other
      adjustments from time to time, as shall be equitable in order that all Lenders
      share such payment in accordance with their respective ratable shares as
      provided for in this Credit Agreement. Each Lender further agrees that if a
      payment to a Lender (which is obtained by such Lender through the exercise
      of a
      right of set-off, banker's lien, counterclaim or otherwise) shall be rescinded
      or must otherwise be restored, each Lender which shall have shared the benefit
      of such payment shall, by repurchase of a participation theretofore sold, return
      its share of that benefit to each Lender whose payment shall have been rescinded
      or otherwise restored. The Borrower agrees that any Lender so purchasing such
      a
      participation may, to the fullest extent permitted by law, exercise all rights
      of payment, including set-off, banker's lien or counterclaim, with respect
      to
      such participation as fully as if such Lender were a holder of such Loan or
      other obligation in the amount of such participation. Except as otherwise
      expressly provided in this Credit Agreement, if any Lender shall fail to remit
      to the Agent or any other Lender an amount payable by such Lender to the Agent
      or such other Lender pursuant to this Credit Agreement on the date when such
      amount is due, such payments shall accrue interest thereon, for each day from
      the date such amount is due until the day such amount is paid to the Agent
      or
      such other Lender, at a rate per annum equal to the Federal Funds Rate. If
      under
      any applicable bankruptcy, insolvency or other similar law, any Lender receives
      a secured claim in lieu of a setoff to which this Section 3.8 applies, such
      Lender shall, to the extent practicable, exercise its rights in respect of
      such
      secured claim in a manner consistent with the rights of the Lenders under this
      Section 3.8 to share in the benefits of any recovery on such secured
      claim.

     

    3.9 Evidence
      of Debt.

     

    (a) Each
      Lender shall maintain an account or accounts evidencing each Loan made by such
      Lender to the Borrower from time to time, including the amounts of principal
      and
      interest payable and paid to such Lender from time to time under this Credit
      Agreement. Each Lender will make reasonable efforts to maintain the accuracy
      of
      its account or accounts and to promptly update its account or accounts from
      time
      to time, as necessary.

     

    (b) The
      Agent
      shall maintain the Register pursuant to Section 11.3(c), and a subaccount
      for each Lender, in which Register and subaccounts (taken together) shall be
      recorded (i) the amount, type and Interest Period of each such Loan
      hereunder, (ii) the amount of any principal or interest due and payable or
      to become due and payable to each Lender hereunder and (iii) the amount of
      any sum received by the Agent hereunder from or for the account of the Borrower
      and each Lender's share thereof. The Agent will make reasonable efforts to
      maintain the accuracy of the subaccounts referred to in the preceding sentence
      and to promptly update such subaccounts from time to time, as
      necessary.

     

    (c) The
      entries made in the Register and subaccounts maintained pursuant to
      subsection (b) of this Section 3.9, and the entries made in the
      accounts maintained pursuant to subsection (a) of this Section 3.9, if
      consistent with the entries of the Agent, shall be prima facie evidence of
      the
      existence and amounts of the obligations of the Borrower therein recorded;
      provided,
      however,
      that
      the failure of any Lender or the Agent to maintain any such account, such
      Register or such subaccount, as applicable, or any error therein, shall not
      in
      any manner affect the obligation of the Borrower to repay the Loans made by
      such
      Lender in accordance with the terms hereof. 

    

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    SECTION
      4.

     

    ADDITIONAL
      PROVISIONS

     

    4.1 Eurodollar
      Loan Provisions.

     

    (a) Unavailability.
      If, on
      or prior to the first day of any Interest Period, (i) the Agent shall have
      determined in good faith (which determination shall be conclusive and binding
      upon the Borrower) that (A) Dollar deposits are not generally available in
      the London interbank Eurodollar market in the applicable principal amounts
      and
      Interest Period of a requested Eurodollar Loan or (B) by reason of
      circumstances affecting the relevant market, adequate and reasonable means
      do
      not exist for ascertaining the Eurodollar Rate for such Interest Period, or
      (ii) the Agent shall have received notice from the Required Lenders that
      the Eurodollar Rate determined or to be determined for such Interest Period
      will
      not adequately and fairly reflect the cost to the Lenders of making or
      maintaining Eurodollar Loans for such Interest Period (as conclusively certified
      by such Lenders), the Agent shall give notice thereof to the Borrower and the
      Lenders as soon as practicable thereafter. Upon delivery of such notice,
      (A) any Eurodollar Loans requested to be made on the first day of such
      Interest Period shall be made as Base Rate Loans, (B) any Loans that were
      to have been converted to or continued as Eurodollar Loans shall be prepaid
      by
      the Borrower or converted to or continued as Base Rate Loans and (C) any
      outstanding Eurodollar Loans shall be converted, on the first day of such
      Interest Period, to Base Rate Loans. Until the Agent has withdrawn such notice,
      no further Eurodollar Loans shall be made or continued as such, nor shall the
      Borrower have the right to convert Base Rate Loans to Eurodollar
      Loans.

     

    (b) Change
      in Legality.
      Notwithstanding any other provision herein, if any change, after the date
      hereof, in any law, governmental rule, regulation, guideline or order (including
      the introduction of any new law or governmental rule, regulation, guideline
      or
      order) or in the interpretation or administration thereof by any Governmental
      Authority charged with the interpretation or administration thereof shall make
      it unlawful for any Lender to make or maintain any Eurodollar Loan then, by
      written notice to the Borrower and to the Agent, such Lender may:

     

    (i) declare
      that Eurodollar Loans and conversions to or continuations of Eurodollar Loans,
      will not thereafter be made by such Lender hereunder, whereupon any request
      by
      the Borrower for, or for conversion into or continuation of, Eurodollar Loans
      shall, as to such Lender only, be deemed a request for, or for conversion into
      or continuation of, Base Rate Loans, unless such declaration shall be
      subsequently withdrawn; and

     

    (ii) require
      that all outstanding Eurodollar Loans made by it be converted to Base Rate
      Loans
      in which event all such Eurodollar Loans shall be converted to Base Rate Loans
      either (A) on the last day of the then current Interest Period applicable
      to such Eurodollar Loan if such Lender can lawfully continue to maintain and
      fund such Eurodollar Loan or (B) immediately if such Lender shall determine
      that it may not lawfully continue to maintain and fund such Eurodollar Loan
      to
      such day.

     

    (c) Requirements
      of Law.
      If at
      any time a Lender shall incur increased costs or reductions in the amounts
      received or receivable hereunder with respect to the making, the commitment
      to
      make or the maintaining of any Eurodollar Loan or of agreeing to issue or
      participate in any Letters of Credit because of (i) any change after the
      date hereof in any law, governmental rule, regulation, guideline or order
      (including the introduction of any new law or governmental rule, regulation,
      guideline or order) or in the interpretation or administration thereof by any
      Governmental Authority charged with the interpretation or administration
      thereof, including, without limitation, the imposition, modification or deemed
      applicability of any reserves, deposits or similar requirements (such as, for
      example, but not limited to, a change in official reserve requirements) or
      (ii) other circumstances affecting the London interbank Eurodollar market;
      then the Borrower shall pay to such Lender promptly upon written demand
      therefor, such additional amounts (in the form of an increased rate of, or
      a
      different method of calculating, interest or otherwise as such Lender may
      determine in its sole discretion) as may be required to compensate such Lender
      for such increased costs or reductions in amounts receivable hereunder. If
      any
      Lender becomes entitled to claim any additional amounts pursuant to this
      Section 4.1(c), it shall provide prompt notice thereof to the Borrower,
      through the Agent, certifying (A) that one of the events described in this
      Section 4.1(c) has occurred and describing in reasonable detail the nature
      of such event, (B) as to the increased cost or reduced amount resulting
      from such event and (C) as to the additional amount demanded by such Lender
      and a reasonably detailed explanation of the calculation thereof; provided,
      that no
      such amount shall be payable with respect to any period commencing more than
      90
      days prior to the date such Lender first notifies the Borrower of its intention
      to demand compensation therefor under this Section.

    

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    (d) Regulation
      D Compensation.
      In the
      event that a Lender is required to maintain reserves of the type contemplated
      by
      the definition of "Eurodollar
      Reserve Percentage",
      such
      Lender may require the Borrower to pay, contemporaneously with each payment
      of
      interest on the Eurodollar Loans, additional interest on the related Eurodollar
      Loan of such Lender at a rate per annum determined by such Lender up to but
      not
      exceeding the excess of (i)(A) the applicable London Interbank Offered Rate
      divided by (B) one minus
      the
      Eurodollar Reserve Percentage over (ii) the applicable London Interbank
      Offered Rate. Any Lender wishing to require payment of such additional interest
      (x) shall so notify the Borrower and the Agent, in which case such
      additional interest on the Eurodollar Loans of such Lender shall be payable
      to
      such Lender at the place indicated in such notice with respect to each Interest
      Period commencing at least three Business Days after the giving of such notice
      and (y) shall notify the Borrower at least three Business Days prior to
      each date on which interest is payable on the Eurodollar Loans of the amount
      then due it under this Section. Each such notification shall be accompanied
      by
      such information as the Borrower may reasonably request.

     

    Each
      determination and calculation made by a Lender under this Section 4.1
      shall, absent manifest error, be binding and conclusive on the parties hereto.
      Any conversions of Eurodollar Loans made pursuant to this Section 4.1 shall
      subject the Borrower to the payments required by Section 4.3 to the extent
      applicable. This Section shall survive termination of this Credit Agreement
      and the other Credit Documents and payment of the Loans and all other amounts
      payable hereunder.

     

    4.2 Capital
      Adequacy.

     

    If
      any
      Lender has determined that the adoption or becoming effective, after the date
      hereof, of any applicable law, rule or regulation regarding capital adequacy,
      or
      any change therein (after the date hereof), or any change in the interpretation
      or administration thereof by any Governmental Authority, central bank or
      comparable agency charged with the interpretation or administration thereof,
      or
      compliance by such Lender (or its parent corporation) with any request or
      directive regarding capital adequacy (whether or not having the force of law)
      of
      any such Governmental Authority, central bank or comparable agency, has or
      would
      have the effect of reducing the rate of return on such Lender's (or parent
      corporation's) capital or assets as a consequence of its commitments or
      obligations hereunder to a level below that which such Lender (or its parent
      corporation) could have achieved but for such adoption, effectiveness, change
      or
      compliance (taking into consideration such Lender's (or parent corporation's)
      policies with respect to capital adequacy), then, upon notice from such Lender
      (which shall include the basis and calculations in reasonable detail supporting
      the compensation requested in such notice), and receipt by the Borrower of
      such
      written notice from such Lender (with a copy to the Agent) the Borrower shall
      be
      obligated to pay to such Lender such additional amount or amounts as will
      compensate such Lender on an after tax basis (after taking into account
      applicable deductions and credits in respect of the amount so indemnified)
      for
      such reduction; provided,
      that no
      such amount shall be payable with respect to any period commencing more than
      90
      days prior to the date such Lender first notifies the Borrower of its intention
      to demand compensation therefor under this Section. Each determination by any
      Lender of amounts owing under this Section 4.2 shall, absent manifest
      error, be conclusive and binding on the parties hereto. The covenants of this
      Section 4.2 shall survive termination of this Credit Agreement and the
      other Credit Documents and the payment of the Loans and all other amounts
      payable hereunder.

    

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    4.3 Compensation.

     

    The
      Borrower promises to indemnify each Lender and to hold each Lender harmless
      from
      any loss or expense which such Lender may sustain or incur as a consequence
      of
      (a) default by the Borrower in making a borrowing of, conversion into or
      continuation of Eurodollar Loans after the Borrower has given a notice
      requesting the same in accordance with the provisions of this Credit Agreement,
      (b) default by the Borrower in making any prepayment of a Eurodollar Loan
      after the Borrower has given a notice thereof in accordance with the provisions
      of this Credit Agreement, (c) the making of a prepayment of Eurodollar
      Loans on a day which is not the last day of an Interest Period with respect
      thereto and (d) the payment, continuation or conversion of a Eurodollar
      Loan on a day which is not the last day of the Interest Period applicable
      thereto or the failure to repay a Eurodollar Loan when required by the terms
      of
      this Credit Agreement. Such indemnification may include an amount equal to
      (i) an amount of interest calculated at the Eurodollar Rate which would
      have accrued on the amount in question, for the period from the date of such
      prepayment or of such failure to borrow, convert, continue or repay to the
      last
      day of the applicable Interest Period (or, in the case of a failure to borrow,
      convert or continue, the Interest Period that would have commenced on the date
      of such failure) in each case at the applicable rate of interest for such
      Eurodollar Loans provided for herein minus (ii) the amount of interest (as
      reasonably determined by such Lender) which would have accrued to such Lender
      on
      such amount by placing such amount on deposit for a comparable period with
      leading banks in the interbank Eurocurrency market. If any Lender becomes
      entitled to claim any additional amounts pursuant to this Section 4.3, it
      shall provide prompt notice thereof to the Borrower, through the Agent, as
      to
      the additional amount demanded by such Lender and a reasonably detailed
      explanation of the calculation thereof. The covenants in this Section 4.3
      shall survive the termination of this Credit Agreement and the payment of the
      Loans and all other amounts payable hereunder.

     

    4.4 Taxes.

     

    (a) Except
      as
      provided below in this Section 4.4, all payments made by the Borrower under
      this Credit Agreement and any Notes shall be made free and clear of, and without
      deduction or withholding for or on account of, any present or future income,
      stamp or other taxes, levies, imposts, duties, charges, fees, deductions or
      withholdings, now or hereafter imposed, levied, collected, withheld or assessed
      by any court, or governmental body, agency or other official, excluding taxes
      measured by or imposed upon the net income of any Lender or its applicable
      lending office, or any branch or affiliate thereof, and all franchise taxes,
      branch taxes, taxes on doing business or taxes on the capital or net worth
      of
      any Lender or its applicable lending office, or any branch or affiliate thereof,
      in each case imposed in lieu of net income taxes: (i) by the jurisdiction
      under the laws of which such Lender, applicable lending office, branch or
      affiliate is organized or is located, or in which its principal executive office
      is located, or any nation within which such jurisdiction is located or any
      political subdivision thereof; or (ii) by reason of any connection between
      the jurisdiction imposing such tax and such Lender, applicable lending office,
      branch or affiliate other than a connection arising solely from such Lender
      having executed, delivered or performed its obligations, or received payment
      under or enforced, this Credit Agreement or any Notes. If any such non-excluded
      taxes, levies, imposts, duties, charges, fees, deductions or withholdings
      ("Non-Excluded
      Taxes")
      are
      required to be withheld from any amounts payable to an Agent or any Lender
      hereunder or under any Notes, (A) the amounts so payable to the Agent or
      such Lender shall be increased to the extent necessary to yield to the Agent
      or
      such Lender (after payment of all Non-Excluded Taxes) interest or any such
      other
      amounts payable hereunder at the rates or in the amounts specified in this
      Credit Agreement and any Notes; provided,
      however,
      that
      the Borrower shall be entitled to deduct and withhold any Non- Excluded Taxes
      and shall not be required to increase any such amounts payable to any Lender
      that is not organized under the laws of the United States of America or a state
      thereof if such Lender fails to comply with the requirements of
      paragraph (b) of this Section 4.4 whenever any Non-Excluded Taxes are
      payable by the Borrower, and (B) as promptly as possible after requested,
      the Borrower shall send to the Agent for its own account or for the account
      of
      such Lender, as the case may be, a certified copy of an original official
      receipt received by the Borrower showing payment thereof. If the Borrower fails
      to pay any Non-Excluded Taxes when due to the appropriate taxing authority
      or
      fails to remit to the Agent the required receipts or other required documentary
      evidence, the Borrower shall indemnify the Agent and any Lender for any
      incremental Non-Excluded Taxes, interest or penalties that may become payable
      by
      the Agent or any Lender as a result of any such failure. The agreements in
      this
      Section 4.4 shall survive the termination of this Credit Agreement and the
      payment of the Loans and all other amounts payable hereunder.

    

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    (b) Each
      Lender that is not incorporated under the laws of the United States of America
      or a state thereof shall:

    
       

      
        
          	
                	(i)	
                  (A)
                    on
                    or before the date of any payment by the Borrower under this
                    Credit
                    Agreement or the Notes to such Lender, deliver to the Borrower
                    and the
                    Agent (x) two duly completed copies of United States Internal Revenue
                    Service Form W-8BEN or W-8ECI, or any successor applicable form, as
                    the case may be, certifying that it is entitled to receive payments
                    under
                    this Credit Agreement and any Notes without deduction or withholding
                    of
                    any United States federal income taxes and (y) an Internal Revenue
                    Service Form W-8 or W-9, or successor applicable form, as the case
                    may be, certifying that it is entitled to an exemption from United
                    States
                    backup withholding tax;

                

        

         

      

    

    (B) deliver
      to the Borrower and the Agent two further copies of any such form or
      certification on or before the date that any such form or certification expires
      or becomes obsolete and after the occurrence of any event requiring a change
      in
      the most recent form previously delivered by it to the Borrower;
      and

     

    (C) obtain
      such extensions of time for filing and complete such forms or certifications
      as
      may reasonably be requested by the Borrower or the Agent; or

    

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    (ii) in
      the
      case of any such Lender that is not a "bank" within the meaning of
      Section 881(c)(3)(A) of the Internal Revenue Code, (A) represent to
      the Borrower (for the benefit of the Borrower and the Agent) that it is not
      a
      bank within the meaning of Section 881 (c)(3)(A) of the Internal Revenue
      Code, (B) agree to furnish to the Borrower, on or before the date of any
      payment by the Borrower, with a copy to the Agent, two accurate and complete
      original signed copies of Internal Revenue Service Form W-8, or successor
      applicable form, certifying to such Lender's legal entitlement at the date
      of
      such certificate to an exemption from U.S. withholding tax under the provisions
      of Section 881(c) of the Internal Revenue Code with respect to payments to
      be made under this Credit Agreement and any Notes (and to deliver to the
      Borrower and the Agent two further copies of such form on or before the date
      it
      expires or becomes obsolete and after the occurrence of any event requiring
      a
      change in the most recently provided form and, if necessary, obtain any
      extensions of time reasonably requested by the Borrower or the Agent for filing
      and completing such forms), and (C) agree, to the extent legally entitled
      to do so, upon reasonable request by the Borrower, to provide to the Borrower
      (for the benefit of the Borrower and the Agent) such other forms as may be
      reasonably required in order to establish the legal entitlement of such Lender
      to an exemption from withholding with respect to payments under this Credit
      Agreement and any Notes.

    

    Notwithstanding
      the above, if any change in treaty, law or regulation has occurred after the
      date such Person becomes a Lender hereunder which renders all such forms
      inapplicable or which would prevent such Lender from duly completing and
      delivering any such form with respect to it and such Lender so advises the
      Borrower and the Agent, then such Lender shall be exempt from such requirements.
      Each Person that shall become a Lender or a participant of a Lender pursuant
      to
      Section 11.3 shall, upon the effectiveness of the related transfer, be
      required to provide all of the forms, certifications and statements required
      pursuant to this subsection (b); provided,
      that in
      the case of a participant of a Lender, the obligations of such participant
      of a
      Lender pursuant to this subsection (b) shall be determined as if the
      participant of a Lender were a Lender except that such participant of a Lender
      shall furnish all such required forms, certifications and statements to the
      Lender from which the related participation shall have been
      purchased.

     

    4.5 Replacement
      of Lenders.

     

    The
      Agent
      and each Lender shall use reasonable efforts to avoid or mitigate any increased
      cost or suspension of the availability of an interest rate under
      Sections 4.1 through 4.4 above to the greatest extent practicable
      (including transferring the Loans to another lending office or Affiliate of
      a
      Lender) unless, in the opinion of the Agent or such Lender, such efforts would
      be likely to have an adverse effect upon it. In the event a Lender makes a
      request to the Borrower for additional payments in accordance with
      Section 4.1, 4.2 or 4.4, or suspends Eurodollar Loans under
      Section 4.1,
      or
      does
      not consent to a request to extent the Revolver Maturity Date pursuant to
      Section 2.11, or does not consent to any amendment hereto consented to by
      Required Lenders,
      then,
      provided that no Default or Event of Default has occurred and is continuing
      at
      such time, the Borrower may, at its own expense (such expense to include any
      transfer fee payable to the Agent under Section 11.3(b) and any expense
      pursuant to Section 4) and in its sole discretion, require such Lender to
      transfer and assign in whole (but not in part), without recourse (in accordance
      with and subject to the terms and conditions of Section 11.3(b)), all of
      its interests, rights and obligations under this Credit Agreement to an Eligible
      Assignee which shall assume such assigned obligations (which assignee may be
      another Lender, if a Lender accepts such assignment); provided,
      that
      (a) such assignment shall not conflict with any law, rule or regulation or
      order of any court or other Governmental Authority and (b) the Borrower or
      such assignee shall have paid to the assigning Lender in immediately available
      funds the principal of and interest accrued to the date of such payment on
      the
      portion of the Loans hereunder held by such assigning Lender and all other
      amounts owed to such assigning Lender hereunder, including amounts owed pursuant
      to Sections 4.1 through 4.4.

    

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    SECTION
      5.

     

    CONDITIONS
      PRECEDENT

     

    5.1 Closing
      Conditions.

     

    The
      obligation of the Lenders to enter into this Credit Agreement is subject to
      satisfaction (or waiver) of the following conditions:

     

    (a) Executed
      Credit Documents.
      Receipt
      by the Agent of duly executed copies of (i) this Credit Agreement,
      (ii) the Notes, (iii) the Collateral Documents and (iv) all other
      Credit Documents, each in form and substance acceptable to the
      Lenders.

     

    (b) Organizational
      Documents. Receipt
      by the Agent of the following: 

     

    (i) Partnership
      Documents.
      With
      respect to each Credit Party that is a partnership, a copy of the partnership
      agreement of such Credit Party, together with all amendments thereto certified
      to be true and complete by the appropriate Governmental Authority of the State
      of organization of such Credit Party and certified by an Authorized Officer
      of
      such Credit Party to be true and correct as of the Effective Date.

    

    (ii) Limited
      Liability Company Documents.
      With
      respect to each
      Credit
      Party that is a limited liability company, the following:

    

    (A) Certificate
      of Formation.
      A copy
      of the certificate of formation of such Credit Party certified to be true and
      complete by the appropriate Governmental Authorities of the State of
      organization of such Credit Party and certified by an Authorized Officer of
      such
      Credit Party to be true and correct as of the Effective Date.

     

    (B) LLC
      Agreement.
      A copy of the LLC Agreement of such Credit Party certified by an Authorized
      Officer of such Credit Party to be true and correct as of the Effective
      Date.

     

    (iii) Corporate
      Documents.
      With
      respect to each Credit Party that is a corporation, the following:

    

    (A) Charter
      Documents.
      Copies
      of the articles or certificates of incorporation or other charter documents
      of
      such Credit Party certified to be true and complete as of a recent date by
      the
      appropriate Governmental Authorities of the state of its incorporation and
      certified by an Authorized Officer of such Credit Party to be true and correct
      as of the Effective Date.

     

    (B) Bylaws.
      A
      copy of the bylaws of such Credit Party certified an Authorized Officer of
      such
      Credit Party to be true and correct as of the Effective Date.

    

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    (iv) Resolutions.
      Copies
      of resolutions, as appropriate, approving and adopting the Credit Documents
      to
      which each Credit Party is a party, the transactions
      contemplated therein and authorizing execution and delivery thereof and
      certified by an Authorized Officer of the Borrower to be in full force and
      effect as of the Effective Date.

    

    (v) Good
      Standing.
      Copies
      of certificates of good standing, existence or their equivalent with respect
      to
      each Credit Party certified as of a recent date by the appropriate Governmental
      Authorities of the State of organization of such Credit Party.

    

    (vi) Incumbency.
      An
      incumbency certificate certified by an Authorized Officer of the applicable
      Credit Parties to be true and correct as of the Effective Date.

     

    (c) Opinion
      of Counsel.
      Receipt
      by the Agent of an opinion from legal counsel to the Credit Parties, addressed
      to the Agent on behalf of the Lenders and dated as of the Effective Date, in
      form and substance satisfactory to the Agent.

     

    (d) Financial
      Statements/Ownership Structure.
      Receipt
      and review, with results satisfactory to the Agent and the Lenders, of
      information regarding the Credit Parties, their assets and their ownership
      structure, including, but not limited to, (A) copies of satisfactory audited
      consolidated financial statements for the Parent and its Subsidiaries for the
      fiscal year ended December 31, 2006 and interim unaudited financial statements
      for each quarterly period ended since the last audited financial statements
      for
      which financial statements are available, (B) selected projected annual
      financial information related to the Borrower and certain acquisitions (which
      will not be inconsistent with information previously provided to the Agent)
      and
      (C) such
      other historical financial information regarding their business and assets
      as
      reasonably requested. 

     

    (e) Fees
      and Expenses.
      Payment
      by the Borrower of all fees and expenses owed by it to the Lenders, the Agent
      and the Co-Lead Arrangers, including, without limitation, payment to the Agent
      of the fees set forth in the Fee Letter.

     

    (f) Litigation.
      As of
      the Closing Date, there shall be no material actions, suits, investigations
      or
      legal, equitable, arbitration or administrative proceedings pending or
      threatened against a Credit Party which are likely to be decided adversely
      to
      such Credit Party and if so decided would have a Material Adverse
      Effect.

     

    (g) Material
      Adverse Effect.
      As of
      the Closing Date, no event or condition shall have occurred since December
      31,
      2006 that would have or would be reasonably expected to have a Material Adverse
      Effect. 

     

    (h) Certificate.
      The
      Agent shall have received a certificate or certificates executed by an Approved
      Officer of the Parent, on behalf of the Credit Parties, as of the Closing Date
      stating that (i) each Credit Party is in compliance with all existing
      financial obligations, unless such non-compliance would not have a Material
      Adverse Effect, (ii) no action, suit, investigation or proceeding is
      pending or, to such officer's knowledge, threatened in any court or before
      any
      arbitrator or governmental instrumentality that purports to affect a Credit
      Party or any transaction contemplated by the Credit Documents, if such action,
      suit, investigation or proceeding is likely to be adversely determined and
      if
      adversely determined would have a Material Adverse Effect, (iii) the
      financial statements delivered to the Administrative Agent on or before the
      Closing Date were prepared in good faith and in accordance with GAAP, and all
      other information delivered to the Administrative Agent on or before the Closing
      Date was prepared in good faith, (iv) all consents and approvals of board of
      directors, equity holders, general partners, Governmental Authorities and third
      parties necessary in connection with the Credit Documents have been obtained,
      and (v) immediately after giving effect to this Credit Agreement, the other
      Credit Documents and all the transactions contemplated herein and therein to
      occur on such date, (A) no Default or Event of Default exists, (B) all
      representations and warranties contained herein and in the other Credit
      Documents are true and correct in all material respects on and as of the date
      made and (C) the Credit Parties are in pro forma compliance with the initial
      financial covenant set forth in Section 7.10(a) (as evidenced through
      detailed calculations of such financial covenant on a schedule to such
      certificate).

    

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    (i) Patriot
      Act.
      Receipt
      by the Agent on behalf of each Lender at least five (5) Business Days prior
      to
      the Closing Date of all documentation and other information requested by any
      Lender in order to comply with the requirements of regulatory authorities under
      applicable "know your customer" and anti-money laundering rules and
      regulations.

     

    (j) Account
      Designation Letter.
      Receipt
      by the Agent of an executed counterpart of the Account Designation
      Letter.

     

    (k) Minimum
      Commitments.
      The
      aggregate amount of Commitments of all Lenders on the Closing Date shall be not
      less than $850,000,000. 

     

    (l) Existing
      Credit Agreement.
      All
      Indebtedness and other obligations under the Existing Credit Agreement shall
      have been repaid in full and all commitments thereunder terminated.

     

    (m) Other.
      Receipt
      by the Lenders of such other documents, instruments, agreements or information
      as reasonably requested by any Lender.

     

    5.2 Conditions
      to Loans and Issuances of Letters of Credit.

     

    (a) In
      addition to the conditions precedent stated elsewhere herein, the Lenders shall
      not be obligated to make new Loans nor shall an Issuing Lender be required
      to
      issue, renew or extend a Letter of Credit (and the Lenders shall not be
      obligated to participate in any Letter of Credit) unless:

     

    (i) Request.
      The
      Borrower shall have timely delivered (i) in the case of any new Revolving Loan
      or Term Loan borrowing, to the Agent, an appropriate Notice of Borrowing, duly
      executed and completed, by the time specified in Section 2.1, (ii) in the case
      of any Letter of Credit, to the applicable Issuing Lender, an appropriate
      request for issuance of a Letter of Credit in accordance with the provisions
      of
      Section 2.2 and (iii) in the case of any Swingline Loan, to the Swingline
      Lender, an appropriate Notice of Borrowing, duly executed and completed, by
      the
      time specified in Section 2.8.

     

    (ii) Representations
      and Warranties.
      The
      representations and warranties made by the Credit Parties in this Credit
      Agreement are true and correct in all material respects at and as if made as
      of
      the date of the funding of the Loans or the issuance, renewal or extension
      of
      the Letters of Credit, as applicable (except to the extent such representations
      and warranties expressly and exclusively relate to an earlier date in which
      case
      they shall be true and correct in all material respects as of such earlier
      date).

     

    (iii) No
      Default.
      No
      Default or Event of Default shall exist or be continuing either prior to or
      after giving effect thereto.

    

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    (iv) Availability.
      Immediately after giving effect to the making of a Loan (and the application
      of
      the proceeds thereof) or to the issuance of a Letter of Credit, as the case
      may
      be, the amount of Loans and LOC Obligations outstanding shall not exceed the
      maximum permitted by Sections 2.1, 2.2 and 2.8. 

     

    The
      delivery of each Notice of Borrowing and each request for a Letter of Credit
      shall constitute a representation and warranty by the Borrower of the
      correctness of the matters specified in subsections (ii), (iii) and (iv)
      above.

     

    (b) In
      addition to the conditions precedent stated elsewhere herein, (i) the Lenders
      shall not be obligated to fund Term Loan A2 borrowings unless the Agent shall
      have received Permitted Cash Collateral-A2 with a value of not less than the
      Required Collateral-A2 Amount after giving effect to such borrowing and (ii)
      the
      Lenders shall not be obligated to fund Term Loan A3 borrowings unless the Agent
      shall have received Permitted Cash Collateral-A3 with a value of not less than
      the Required Collateral-A3 Amount after giving effect to such
      borrowing.

     

    SECTION
      6.

     

    REPRESENTATIONS
      AND WARRANTIES

     

    Each
      Credit Party hereby represents and warrants to each Lender that:

     

    6.1 Organization
      and Good Standing.

    

    Each
      Credit Party (a) is a limited partnership, limited liability company or a
      corporation duly formed, validly existing and in good standing under the laws
      of
      the state of its formation, (b) is duly qualified and in good standing and
      authorized to do business in every jurisdiction where the failure to so qualify
      would have a Material Adverse Effect and (c) has the requisite power and
      authority to own its properties and to carry on its business as now conducted
      and as proposed to be conducted.

     

    6.2 Due
      Authorization.

     

    Each
      Credit Party (a) has the requisite power and authority to execute, deliver
      and perform this Credit Agreement and the other Credit Documents and to incur
      the obligations herein and therein provided for and (b) has been authorized
      by all necessary corporate, partnership or limited liability company action
      to
      execute, deliver and perform this Credit Agreement and the other Credit
      Documents.

     

    6.3 No
      Conflicts.

     

    Neither
      the execution and delivery of the Credit Documents, nor the consummation of
      the
      transactions contemplated herein and therein, nor performance of and compliance
      with the terms and provisions hereof and thereof by any Credit Party will
      (a) violate or conflict with any provision of its organizational documents
      or bylaws, (b) materially violate, contravene or conflict with any law,
      regulation (including without limitation, Regulation U or
      Regulation X), order, writ, judgment, injunction, decree or permit
      applicable to it, (c) materially violate, contravene or conflict with
      contractual provisions of, or cause an event of default under, any indenture,
      loan agreement, mortgage, deed of trust, contract or other agreement or
      instrument to which it is a party or by which it may be bound or (d) result
      in or require the creation of any Lien upon or with respect to its properties
      other than the Liens hereunder and under the Collateral
      Documents.

    

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    6.4 Consents.

     

    No
      consent, approval, authorization or order of, or filing, registration or
      qualification with, any court or Governmental Authority or third party is
      required in connection with the execution, delivery or performance of this
      Credit Agreement or any of the other Credit Documents that has not been
      obtained.

     

    6.5 Enforceable
      Obligations.

     

    This
      Credit Agreement and the other Credit Documents have been duly executed and
      delivered and constitute legal, valid and binding obligations of each Credit
      Party which is a party thereto enforceable against such Credit Party in
      accordance with their respective terms, except as may be limited by bankruptcy
      or insolvency laws or similar laws affecting creditors' rights generally or
      by
      general equitable principles.

     

    6.6 Financial
      Condition/Material Adverse Effect.

     

    The
      financial statements delivered to the Lenders pursuant to Section 7.1(a)
      and (b): (i) have been prepared in accordance with GAAP (subject to the
      provisions of Section 1.3) and (ii) present fairly the financial
      condition, results of operations and cash flows of the Parent and its
      Subsidiaries as of such date and for such periods (subject, in the case of
      interim statements, to normal year-end adjustments and the absence of
      footnotes). Since the Effective Date, there has been no event or circumstance
      that, either individually or collectively, has had or would reasonably be
      expected to have a Material Adverse Effect;
      provided
      that, on and after the Investment Grade Rating Date, Credit Parties make no
      further representation
      or warranty with
      respect to the foregoing.

     

    6.7 Taxes.

     

    Each
      Credit Party and each of its Subsidiaries has filed, or caused to be filed,
      all
      material tax returns (federal, state, local and foreign) required to be filed
      and paid all amounts of taxes shown thereon to be due (including interest and
      penalties) and has paid all other taxes, fees, assessments and other
      governmental charges (including mortgage recording taxes, documentary stamp
      taxes and intangibles taxes) owing by it, except (a) for such taxes which
      are not yet delinquent or that are being contested in good faith and by proper
      proceedings, and against which adequate reserves are being maintained in
      accordance with GAAP or (b) where such nonfiling or nonpayment would not
      have a Material Adverse Effect.

     

    6.8 Compliance
      with Law.

     

    Each
      Credit Party and each of its Subsidiaries is in compliance with all laws, rules,
      regulations, orders, decrees and requirements of Governmental Authorities
      applicable to it or to its properties (including, without limitation, ERISA,
      the
      Code and Environmental Laws), except where the necessity of compliance therewith
      is being contested in good faith by appropriate proceedings or such failure
      to
      comply would not have or would not be reasonably expected to have a Material
      Adverse Effect.

     

    6.9 Use
      of Proceeds; Margin Stock.

     

    The
      proceeds of the Loans hereunder will be used solely for the purposes specified
      in Section 7.7. None of such proceeds will be used for the purpose of
      (a) purchasing or carrying any "margin stock" as defined in
      Regulation U or Regulation X, (b) for the purpose of reducing or
      retiring any Indebtedness which was originally incurred to purchase or carry
      "margin stock", (c) for any other purpose which might constitute this
      transaction a "purpose credit" within the meaning of Regulation U or
      Regulation X or (d) for the acquisition of another Person unless the
      board of directors (or other comparable governing body) or stockholders, as
      appropriate, of such Person has approved such acquisition. 

    

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    6.10 Government
      Regulation.

     

    No
      Credit
      Party is an "investment company" registered or required to be registered under
      the Investment Company Act of 1940, as amended, or controlled by such a
      company.

     

    6.11 Solvency.

     

    Each
      Credit Party is and, after the consummation of the transactions contemplated
      by
      this Credit Agreement, will be Solvent.

     

    6.12 Environmental
      Matters.

     

    Except
      as
      would not result or be reasonably expected to result in a Material Adverse
      Effect: (a) each of the properties of the Credit Parties (the "Properties")
      and
      all operations at the Properties are in compliance with all applicable
      Environmental Laws, (b) there is no violation of any Environmental Law with
      respect to the Properties or the businesses operated by the Credit Parties
      (the
      "Businesses"),
      and
      (c) there are no conditions relating to the Businesses or Properties that
      would reasonably be expected to give rise to a liability under any applicable
      Environmental Laws.

     

    6.13 Subsidiaries.

     

    Set
      forth
      on Schedule 6.13
      is a
      complete and accurate list of all Credit Parties and their Subsidiaries, and
      the
      ownership of same, as such Schedule
      6.13
      may be
      updated from time to time.

     

    6.14 Litigation.

     

    There
      are
      no actions, suits or legal, equitable, arbitration or administrative
      proceedings, pending or, to the knowledge of a Credit Party, threatened against
      such Credit Party which (a) are likely to be decided adversely against such
      Credit Party and (b) if so decided would have or would reasonably be
      expected to have a Material Adverse Effect.

     

    6.15 Collateral.

     

    This
      Credit Agreement and the Collateral Documents create valid security interests
      in, and Liens on, the Cash Collateral, which security interests and Liens are
      perfected first priority Liens prior to all other Liens. The value of the
      Permitted Cash Collateral is greater than or equal to the Required Collateral
      Amount.

    

    6.16 Material
      Contracts.

     

    Each
      Credit Party and each of its Subsidiaries is in compliance with all contracts
      necessary for the ongoing operation and business of such Credit Party or
      Subsidiary in the ordinary course except where the failure to comply would
      not
      have or would not reasonably be expected to have a Material Adverse
      Effect.

    

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    6.17 Anti-Terrorism
      Laws.

    

    Neither
      any Credit Party nor any of its Subsidiaries is an "enemy" or an "ally of the
      enemy" within the meaning of Section 2 of the Trading with the Enemy Act of
      the
      United States of America (50 U.S.C. App. §§ 1 et seq.), as amended. Neither any
      Credit Party nor any or its Subsidiaries is in violation of (a) the Trading
      with
      the Enemy Act, as amended, (b) any of the foreign assets control regulations
      of
      the United States Treasury Department (31 CFR, Subtitle B, Chapter V, as
      amended) or any enabling legislation or executive order relating thereto or
      (c)
      the Patriot Act (as defined in Section 11.17(b)). None of the Credit Parties
      (i)
      is a blocked person described in section 1 of the Anti-Terrorism Order or (ii)
      to the best of its knowledge, engages in any dealings or transactions, or is
      otherwise associated, with any such blocked person.

    

    6.18 Compliance
      with OFAC Rules and Regulations.

    

    None
      of
      the Credit Parties or their Subsidiaries or their respective Affiliates (a)
      is a
      Sanctioned Person, (b) has more than 15% of its assets in Sanctioned Countries,
      or (c) derives more than 15% of its operating income from investments in, or
      transactions with Sanctioned Persons or Sanctioned Countries. No part of the
      proceeds of any Extension of Credit hereunder will be used directly or
      indirectly to fund any operations in, finance any investments or activities
      in
      or make any payments to, a Sanctioned Person or a Sanctioned
      Country.

    

    6.19 Compliance
      with FCPA.

    

    Each
      of
      the Credit Parties and their Subsidiaries is in compliance with the Foreign
      Corrupt Practices Act, 15 U.S.C. §§ 78dd-1, et
      seq.,
      and any
      foreign counterpart thereto. None of the Credit Parties and their Subsidiaries
      has made a payment, offering, or promise to pay, or authorized the payment
      of,
      money or anything of value (a) in order to assist in obtaining or retaining
      business for or with, or directing business to, any foreign official, foreign
      political party, party official or candidate for foreign political office,
      (b) to a foreign official, foreign political party or party official or any
      candidate for foreign political office, and (c) with the intent to induce
      the recipient to misuse his or her official position to direct business
      wrongfully to such Credit Party or its Subsidiary or to any other Person, in
      violation of the Foreign Corrupt Practices Act, 15 U.S.C. §§ 78dd-1,
et
      seq.

    

    SECTION
      7.

     

    AFFIRMATIVE
      COVENANTS

     

    Each
      Credit Party hereby covenants and agrees that so long as this Credit Agreement
      is in effect and until the Loans and LOC Obligations, together with interest,
      fees and other obligations hereunder, have been paid in full and the Commitments
      and Letters of Credit shall have terminated:

     

    7.1 Information
      Covenants.

     

    The
      Borrower will furnish, or cause to be furnished, to the Agent for further
      distribution to each Lender:

    

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    (a) Annual
      Financial Statements.
      As soon
      as available, and in any event within 95 days after the close of each fiscal
      year of the Parent, a consolidated balance sheet of the Parent as of the end
      of
      such fiscal year, together with a related consolidated income statement and
      related statements of cash flows, capitalization and retained earnings for
      such
      fiscal year, setting forth in comparative form figures for the preceding fiscal
      year, all such financial information described above to be audited by
      independent certified public accountants of recognized national standing and
      whose opinion, which shall be furnished to the Agent, shall be to the effect
      that such financial statements have been prepared in accordance with GAAP
      (except for changes with which such accountants concur); provided,
      that
      the Parent's Form 10-K Annual Report as filed with the Securities and Exchange
      Commission, without exhibits, will satisfy the requirements of this Section
      7.1(a).

     

    (b) Quarterly
      Financial Statements.
      As soon
      as available, and in any event within 50 days after the close of each fiscal
      quarter of the Parent (other than the fourth fiscal quarter) a consolidated
      balance sheet of the Parent as of the end of such fiscal quarter, together
      with
      a related consolidated income statement and related statement of cash flows
      for
      such fiscal quarter in each case setting forth in comparative form figures
      for
      the corresponding period of the preceding fiscal year, and accompanied by a
      certificate of an Approved Officer of the Parent to the effect that such
      quarterly financial statements fairly present in all material respects the
      financial condition of the Parent and its Subsidiaries and have been prepared
      in
      accordance with GAAP, subject to changes resulting from audit and normal
      year-end audit adjustments to same; provided,
      that
      the Parent's Form 10-Q Quarterly Report as filed with the Securities and
      Exchange Commission, without exhibits, will satisfy the requirements of this
      Section 7.1(b).

     

    (c) Operating
      Budget and Cash Flow Projections.
      As soon
      as available, and in any event no later than the last day of February of each
      fiscal year of the Parent, operating budget and cash flow projections of the
      Parent and its Subsidiaries prepared on a monthly or quarterly basis and
      otherwise in such form as the Agent may reasonably request; provided, however,
      that such operating budget and cash flow projections shall not be required
      if as
      of the last day of December of the previous fiscal year the Parent or the
      Borrower has an Investment Grade Rating.

     

    (d) Officer's
      Certificate.
      At the
      time of delivery of the financial statements provided for in
      Sections 7.1(a) and 7.1(b) above, a certificate of an Approved Officer of
      the Parent, substantially in the Form of Exhibit
      7.1(d),
      (i) demonstrating compliance with the financial covenants contained in
      Section 7.10 by calculation thereof as of the end of each such fiscal period,
      beginning with the fiscal quarter ending June 30, 2007 (ii) stating that no
      Default or Event of Default exists, or if any Default or Event of Default does
      exist, specifying the nature and extent thereof and what action the Parent
      or
      the Borrower proposes to take with respect thereto, (iii) setting forth the
      amount of Off Balance Sheet Indebtedness of the Parent and its Subsidiaries
      as
      of the end of each such fiscal period, (iv) updating Schedule 6.13
      with
      respect to Subsidiaries, if appropriate, (v) providing information to evidence
      compliance with Sections 7.12, 8.2(m), 8.2(n), 8.2(o), 8.4(i), 8.6(h) and 8.7(g)
      and (vi) providing such other information to evidence compliance with this
      Credit Agreement as reasonably requested by the Agent.

     

    (e) Reports.
      Promptly upon transmission or receipt thereof, copies of any material filings
      and registrations with, and reports to or from, the Securities and Exchange
      Commission, or any successor agency.

     

    (f) Notices.
      Within
      five Business Days after any officer of a Credit Party with responsibility
      relating thereto obtaining knowledge thereof, such Credit Party will give
      written notice to the Agent immediately of (i) the occurrence of a Default
      or Event of Default, specifying the nature and existence thereof and what action
      such Credit Party proposes to take with respect thereto, and (ii) the
      occurrence of any of the following with respect to a Credit Party: (A) the
      pendency or commencement of any litigation, arbitral or governmental proceeding
      against such Credit Party the claim of which is likely to be decided adversely
      to such Credit Party and, if adversely determined, would have or would be
      reasonably expected to have a Material Adverse Effect or (B) the
      institution of any proceedings against such Credit Party with respect to, or
      the
      receipt of notice by such Person of potential liability or responsibility for
      violation or alleged violation of, any federal, state or local law, rule or
      regulation (including, without limitation, any Environmental Law) that is likely
      to be decided adversely to such Credit Party and, if adversely decided, would
      have a Material Adverse Effect.

    

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    (g) ERISA.
      Upon a
      Credit Party or any ERISA Affiliate obtaining knowledge thereof, such Credit
      Party will give written notice to the Agent promptly (and in any event within
      five Business Days) of: (i) any event or condition, including, but not
      limited to, any Reportable Event, that constitutes, or would be reasonably
      expected to lead to, a Termination Event if such Termination Event would have
      a
      Material Adverse Effect; (ii) with respect to any Multiemployer Plan, the
      receipt of notice as prescribed in ERISA or otherwise of any withdrawal
      liability assessed against a Credit Party or any ERISA Affiliate, or of a
      determination that any Multiemployer Plan is in reorganization or insolvent
      (both within the meaning of Title IV of ERISA); (iii) the failure to
      make full payment on or before the due date (including extensions) thereof
      of
      all amounts which a Credit Party or any of its Subsidiaries or ERISA Affiliates
      is required to contribute to each Plan pursuant to its terms and as required
      to
      meet the minimum funding standard set forth in ERISA and the Code with respect
      thereto; or (iv) any change in the funding status of any Plan that would
      have or would be reasonably expected to have a Material Adverse Effect;
      together, with a description of any such event or condition or a copy of any
      such notice and a statement by an officer of a Credit Party briefly setting
      forth the details regarding such event, condition, or notice, and the action,
      if
      any, which has been or is being taken or is proposed to be taken with respect
      thereto. Promptly upon request, a Credit Party shall furnish the Agent and
      each
      of the Lenders with such additional information concerning any Plan as may
      be
      reasonably requested, including, but not limited to, copies of each annual
      report/return (Form 5500 series), as well as all schedules and attachments
      thereto required to be filed with the Department of Labor and/or the Internal
      Revenue Service pursuant to ERISA and the Code, respectively, for each "plan
      year" (within the meaning of Section 3(39) of ERISA).

     

    (h) Debt
      Rating Changes.
      Upon
      any change in its Debt Rating, the Parent shall promptly deliver such
      information to the Agent.

     

    (i) Other
      Information.
      With
      reasonable promptness upon any such request, such other information regarding
      the business, properties or financial condition of the Credit Parties and their
      Subsidiaries as the Agent or any Lender may reasonably request.

     

    Information
      required to be delivered pursuant to Sections 7.1(a), 7.1(b) and 7.1(e)
      shall be deemed to have been delivered on the earlier of (A) the date on which
      such information is posted by the Agent on behalf of the Credit Parties on
      IntraLinks, Syndtrak or other electronic medium chosen by the Agent or (B)
      the
      date on which a Credit Party provides notice to the Agent for further delivery
      to each Lender by the Borrower that such information has been posted on the
      Securities and Exchange Commission website on the Internet at
      ww.sec.gov/edgar/searchedgar/webusers.htm or at another website identified
      in
      such notice and accessible by the Lenders without charge; provided,
      that
      (i) any such notice may be included in a certificate delivered pursuant to
      Section 7.1(d) and (ii) the Credit Parties shall deliver paper copies
      of the information referred to in Sections 7.1(a), 7.1(b) and 7.1(e), to
      any Lender that requests such delivery.

    

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    7.2 Preservation
      of Existence and Franchises.

     

    Each
      Credit Party will, and will cause each Subsidiary to, do all things necessary
      to
      preserve and keep in full force and effect its existence and rights, franchises
      and authority; provided,
      however, that, subject to Section 8.3, a Credit Party shall not be required
      to preserve any such existence, right or franchise if it in good faith
      determines that preservation thereof is no longer necessary or desirable in
      the
      conduct of its business and that the loss thereof is not disadvantageous in
      any
      material respect to the Lenders.

     

    7.3 Books
      and Records.

     

    Each
      Credit Party will keep, and will cause each of its Subsidiaries to keep,
      complete and accurate books and records of its transactions in accordance with
      good accounting practices on the basis of GAAP (including the establishment
      and
      maintenance of appropriate reserves). 

     

    7.4 Compliance
      with Law.

     

    Each
      Credit Party will comply, and will cause each of its Subsidiaries to comply,
      with all laws (including, without limitation, all Environmental Laws and ERISA
      laws), rules, regulations and orders, and all applicable restrictions imposed
      by
      all Governmental Authorities, applicable to it and its property, unless (a)
      the
      failure to comply would not have or would not reasonably be expected to have
      a
      Material Adverse Effect or (b) the necessity of compliance therewith is being
      contested in good faith by appropriate proceedings.

     

    7.5 Payment
      of Taxes and Other Indebtedness.

     

    Each
      Credit Party will, and will cause each of its Subsidiaries to, pay, settle
      or
      discharge (a) all taxes, assessments and governmental charges or levies
      imposed upon it, or upon its income or profits, or upon any of its properties,
      before they shall become delinquent, (b) all lawful claims (including
      claims for labor, materials and supplies) which, if unpaid, might give rise
      to a
      Lien upon any of its properties, and (c) all of its other Indebtedness as
      it shall become due; provided,
      however,
      that a
      Credit Party shall not be required to pay any such tax, assessment, charge,
      levy, claim or Indebtedness which (i) is being contested in good faith by
      appropriate proceedings and as to which adequate reserves therefor have been
      established in accordance with GAAP or (ii) the nonpayment of which would
      not have a Material Adverse Effect.

     

    7.6 Maintenance
      of Property; Insurance.

     

    (a) Each
      Credit Party will keep, and will cause each of its Subsidiaries to keep, all
      property useful and necessary in its business in good working order and
      condition, ordinary wear and tear excepted.

     

    (b) Each
      Credit Party will, and will cause each of its Subsidiaries to, maintain (either
      in the name of such Credit Party or in such Subsidiary's own name) with
      financially sound and responsible insurance companies, insurance on all their
      respective properties in at least such amounts and against at least such risks
      (and with such risk retention) as are usually insured against by companies
      of
      established repute engaged in the same or a similar business; provided,
      that
      self-insurance by a Credit Party or any such Subsidiary shall not be deemed
      a
      violation of this covenant to the extent that companies engaged in similar
      businesses and owning similar properties in the same general areas in which
      such
      Credit Party or such Subsidiary operates self-insure.

    

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    7.7 Use
      of Proceeds.

     

    The
      proceeds of the Revolving Loans may be used solely (a) to refinance certain
      existing Indebtedness of the Borrower and (b) for working capital and other
      general partnership purposes of the Credit Parties, including certain Permitted
      Acquisitions. The proceeds of the Term Loans shall be used (i) to make cash
      distributions to the Parent who will then make cash distributions to the general
      partner of the Parent and (ii) to make cash distributions to the Parent to
      the extent permitted by Section 8.8(c) who will then make cash distributions
      to
      or repurchase limited partnership interests from an affiliate of the general
      partner of the Parent that is also a partner of the Parent. The proceeds of
      the
      Swingline Loans may be used solely for working capital and other general
      partnership purposes of the Credit Parties. The Borrower will use the Letters
      of
      Credit solely for the purposes set forth in Section 2.2(a). 

     

    7.8 Audits/Inspections.

     

    Upon
      reasonable notice and during normal business hours, each Credit Party will,
      and
      will cause its Subsidiaries to, permit representatives appointed by the Agent
      (or upon the occurrence and during the continuance of an Event of Default,
      any
      Lender), including, without limitation, independent accountants, agents,
      attorneys, and appraisers to visit and inspect the Credit Parties' and their
      Subsidiaries' property, including their books and records, their accounts
      receivable and inventory, the Credit Parties' and their Subsidiaries' facilities
      and their other business assets, and to make photocopies or photographs thereof
      and to write down and record any information such representatives obtain and
      shall permit the Agent (or upon the occurrence and during the continuance of
      an
      Event of Default, any Lender) or its representatives to investigate and verify
      the accuracy of information provided to the Lenders and to discuss all such
      matters with the officers, employees and representatives of each Credit Party
      and its Subsidiaries. 

     

    7.9 Maintenance
      of Ownership.

     

    Each
      Credit Party will maintain ownership of all Capital Stock of each Subsidiary
      that is a Credit Party, directly or indirectly, free and clear of all Liens
      except as permitted by Section 8.3 and Section 8.4. 

     

    7.10 Financial
      Covenants.

     

    (a) Consolidated
      Leverage Ratio.
      The
      Consolidated Leverage Ratio, as at the end of each fiscal quarter of the Parent,
      shall be less than or equal to (i) with respect to each fiscal quarter end
      from
      the Closing Date through and including the fiscal quarter ending June 30, 2007,
      5.75 to 1.0 and (ii) with respect to each fiscal quarter end thereafter, 5.00
      to
      1.0; provided that subsequent to the consummation of a Qualified Acquisition,
      the Consolidated Leverage Ratio, as at the end of the three consecutive fiscal
      quarters following such Qualified Acquisition (including the fiscal quarter
      in
      which such acquisition is consummated), shall be less than or equal to 5.50
      to
      1.0.

     

    (b) Consolidated
      Interest Coverage Ratio.
      If
      neither the Parent or the Borrower has an Investment Grade Rating, the
      Consolidated Interest Coverage Ratio, as at the end of each fiscal quarter
      of
      the Parent (beginning with the fiscal quarter ending June 30, 2007) shall be
      greater than or equal to 2.50 to 1.0. 

     

    7.11 Material
      Contracts.

     

    Each
      Credit Party will comply, and will cause its Subsidiaries to comply, with all
      contracts necessary for the ongoing operation and business of such Credit Party
      or Subsidiary in the ordinary course, except where the failure to comply would
      not have or would not reasonably be expected to have a Material Adverse
      Effect.

    

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    7.12 Additional
      Guarantors.

     

    If
      (a) as
      of the end of any fiscal quarter of the Parent or (b) at the time any Qualified
      Acquisition is consummated, the wholly-owned Subsidiaries of the Parent that
      are
      not Credit Parties hereunder (the "Non-Guarantor
      Subsidiaries")
      constitute more than either (collectively, the "Threshold
      Requirements"):

    

    (i) twenty
      percent (20%), in the aggregate, of Consolidated Net Tangible Assets,
      or

    

    (ii) twenty
      percent (20%), in the aggregate, of Consolidated Net Income,

    

    the
      Borrower shall promptly notify the Agent and shall, within ten Business Days
      thereof (A) cause one or more of such Subsidiaries to become a "Guarantor"
      pursuant
      to a Joinder Agreement in the form of Exhibit
      7.12
      and to
      execute and deliver such other documents as requested by the Agent and (B)
      deliver to the Agent documents of the types referred to Section 5.1(b) as well
      as opinions of counsel to such Subsidiary (which shall cover, among other
      things, legality, validity, binding effect and enforceability), all in form,
      content and scope satisfactory to the Agent, such that immediately after the
      joinder of such Subsidiary or Subsidiaries as Guarantors hereunder, the
      remaining Non-Guarantor Subsidiaries shall not exceed, in the aggregate, either
      of the Threshold Requirements. 

    

    After
      the
      Investment Grade Rating Date, the Agent will release such Guarantors (other
      than
      the Parent) as requested from time to time by the Borrower.

    

    7.13 Cash
      Collateral.
      

    

    (a) The
      Borrower shall maintain the Cash Collateral-A2 Account at all times that any
      portion of the Term Loan A2 shall remain outstanding. The Borrower shall
      maintain the Cash Collateral-A3 Account at all times that any portion of the
      Term Loan A3 shall remain outstanding. The Borrower shall maintain such other
      Cash Collateral Accounts established in connection with new term loans pursuant
      to Section 2.1(b)(iii).

    

    (b) (I)
      The
      Borrower shall, at all times, maintain Permitted Cash Collateral-A2 in the
      Cash
      Collateral-A2 Account with a value greater than or equal to the following (the
      "Required
      Collateral-A2 Amount"):
      (A)
      during the period commencing with the Initial Draw Date for the Term Loan A2
      and
      ending on the date that is three months after such Initial Draw Date, 100%
      of
      the outstanding principal amount of the Term Loan A2 and (B) after such time
      period, (i) if all Permitted Cash Collateral-A2 is comprised entirely of Tier
      1
      Permitted Cash Collateral, 100.25% of the outstanding principal amount of the
      Term Loan A2, (ii) if Permitted Cash Collateral-A2 is not comprised entirely
      of
      Tier 1 Permitted Cash Collateral but is not comprised of any Tier 3 Permitted
      Cash Collateral, 100.5% of the outstanding principal of the Term Loan A2 or
      (iii) if any Permitted Cash Collateral-A2 is comprised of any Tier 3 Permitted
      Cash Collateral, 101% of the outstanding principal of the Term Loan A2. If,
      at
      any time, the Required Collateral-A2 Amount exceeds the value of the Permitted
      Cash Collateral-A2, the Borrower shall immediately deposit additional Permitted
      Cash Collateral-A2 into the Cash Collateral-A2 Account to eliminate such excess.
      In accordance with the terms of the Account Control Agreement-A2, the Borrower
      shall direct the investment of items deposited into the Cash Collateral-A2
      Account; provided,
      that
      all Cash Collateral shall consist of Permitted Cash Collateral-A2 at all times.
      The Borrower shall treat all income, gains or losses from the investment of
      items in the Cash Collateral-A2 Account as its own income or loss, and the
      Agent
      and the Lenders shall have no liability for any such gain or
      loss.

    

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    (II)
      The
      Borrower shall, at all times, maintain Permitted Cash Collateral-A3 in the
      Cash
      Collateral-A3 Account with a value greater than or equal to the following (the
      "Required
      Collateral-A3 Amount"):
      (A)
      during the period commencing with the Initial Draw Date for the Term Loan A3
      and
      ending on the date that is three months after such Initial Draw Date, 100%
      of
      the outstanding principal amount of the Term Loan A3 and (B) after such time
      period, (i) if all Permitted Cash Collateral-A3 is comprised entirely of Tier
      1
      Permitted Cash Collateral, 100.25% of the outstanding principal amount of the
      Term Loan A3, (ii) if Permitted Cash Collateral-A3 is not comprised entirely
      of
      Tier 1 Permitted Cash Collateral but is not comprised of any Tier 3 Permitted
      Cash Collateral, 100.5% of the outstanding principal amount of the Term Loan
      A3
      or (iii) if any Permitted Cash Collateral-A3 is comprised of any Tier 3
      Permitted Cash Collateral, 101% of the outstanding principal amount of the
      Term
      Loan A3. If, at any time, the Required Collateral-A3 Amount exceeds the value
      of
      the Permitted Cash Collateral-A3, the Borrower shall immediately deposit
      additional Permitted Cash Collateral-A3 into the Cash Collateral-A3 Account
      to
      eliminate such excess. In accordance with the terms of the Account Control
      Agreement-A3, the Borrower shall direct the investment of items deposited into
      the Cash Collateral-A3 Account; provided,
      that
      (1) all Cash Collateral shall consist of Permitted Cash Collateral-A3 at all
      times and (2) the Borrower shall not be permitted to sell any Permitted Cash
      Collateral-A3 prior to its stated maturity (if any) during the first two months
      following the Closing Date except pursuant to Section 7.13(c). The Borrower
      shall treat all income, gains or losses from the investment of items in the
      Cash
      Collateral-A3 Account as its own income or loss, and the Agent and the Lenders
      shall have no liability for any such gain or loss.

    

    (c) (i)
      The
      Borrower shall be permitted to liquidate and/or withdraw Cash Collateral-A2
      from
      the Cash Collateral-A2 Account to fund a Permitted Acquisition or capital
      expenditure; provided,
      that
      concurrently with such liquidation or withdrawal (A) the Revolving Committed
      Amount shall be automatically increased (without the consent of the Lenders)
      in
      accordance with Section 2.10(b) and Section 3.2(a)(iii), (B) a Revolving Loan
      shall be made to the Borrower, (C) the proceeds of such Revolving Loan shall
      be
      applied to prepay the principal amount of the Term Loan-A2 in an amount equal
      to
      the amount of Cash Collateral-A2 liquidated or withdrawn, and (D) after such
      liquidation or withdrawal, the value of the Permitted Cash Collateral-A2 shall
      be greater than or equal to the Required Collateral-A2 Amount, as calculated
      after giving effect of such prepayment of the Term Loan A2. In the event that
      the Borrower shall elect to make such a withdrawal, the Agent shall direct
      the
      Intermediary to liquidate the applicable Cash Collateral-A2 and remit the
      proceeds to the Borrower.

    

    (ii)
      The
      Borrower shall be permitted to liquidate and/or withdraw Cash Collateral-A3
      from
      the Cash Collateral-A3 Account to fund a Permitted Acquisition or capital
      expenditure; provided,
      that
      concurrently with such liquidation or withdrawal (A) the Revolving Committed
      Amount shall be automatically increased (without the consent of the Lenders)
      in
      accordance with Section 2.10(b) and Section 3.2(a)(iii), (B) a Revolving Loan
      shall be made to the Borrower, (C) the proceeds of such Revolving Loan shall
      be
      applied to prepay the principal amount of the Term Loan-A3 in an amount equal
      to
      the amount of Cash Collateral-A3 liquidated or withdrawn, and (D) after such
      liquidation or withdrawal, the value of the Permitted Cash Collateral-A3 shall
      be greater than or equal to the Required Collateral-A3 Amount, as calculated
      after giving effect of such prepayment of the Term Loan A3. In the event that
      the Borrower shall elect to make such a withdrawal, the Agent shall direct
      the
      Intermediary to liquidate the applicable Cash Collateral-A3 and remit the
      proceeds to the Borrower.

    

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      Midstream Operating, LP

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    (d) (i)
      If,
      at the end of any fiscal quarter of the Parent, the value of the Permitted
      Cash
      Collateral-A2 exceeds the Required Collateral-A2 Amount at such time, then,
      upon
      the request of the Borrower, provided no Default or Event of Default has
      occurred and is continuing, the Agent shall direct the Intermediary to pay
      and
      transfer to the Borrower cash, to the extent available, in the Cash
      Collateral-A2 Account in an amount equal to such excess.

    

    (ii)
      If,
      at the end of any fiscal quarter of the Parent, the value of the Permitted
      Cash
      Collateral-A3 exceeds the Required Collateral-A3 Amount at such time, then,
      upon
      the request of the Borrower, provided no Default or Event of Default has
      occurred and is continuing, the Agent shall direct the Intermediary to pay
      and
      transfer to the Borrower cash, to the extent available, in the Cash
      Collateral-A3 Account in an amount equal to such excess.

    

    (e) (i)
      To
      secure the prompt payment in full when due, whether by lapse of time,
      acceleration, mandatory prepayment or otherwise, of the Term Loan A2, the
      Borrower hereby grants to the Agent, for the ratable benefit of the Lenders,
      a
      continuing security interest in, and a right to set off against, any and all
      right, title and interest of the Borrower in and to the Cash Collateral-A2
      Account and the Cash Collateral-A2 and all other amounts maintained in the
      Cash
      Collateral-A2 Account.

    

    (ii)
      To
      secure the prompt payment in full when due, whether by lapse of time,
      acceleration, mandatory prepayment or otherwise, of the Term Loan A3, the
      Borrower hereby grants to the Agent, for the ratable benefit of the Lenders,
      a
      continuing security interest in, and a right to set off against, any and all
      right, title and interest of the Borrower in and to the Cash Collateral-A3
      Account and the Cash Collateral-A3 and all other amounts maintained in the
      Cash
      Collateral-A3 Account.

    

    7.14 Equity
      Proceeds.

     

    After
      the
      Closing Date but no later than September 30, 2007, the Parent shall receive
      at
      least $110,000,000 in proceeds from the issuance of equity on terms and
      conditions satisfactory to the Agent.

    

    SECTION
      8.

     

    NEGATIVE
      COVENANTS

     

    Each
      Credit Party hereby covenants and agrees that so long as this Credit Agreement
      is in effect and until the Loans and LOC Obligations, together with interest,
      fees and other obligations hereunder, have been paid in full and the Commitments
      and Letters of Credit shall have terminated:

     

    8.1 Nature
      of Business.

     

    No
      Credit
      Party will, nor will it permit any of its Subsidiaries to (whether now owned
      or
      acquired or formed subsequent to the Closing Date), materially alter the
      character of their business on a consolidated basis from the midstream energy
      business.

    

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      Midstream Operating, LP

    Amended
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    8.2. Liens.

     

    No
      Credit
      Party will create, assume or suffer to exist any Lien on any asset now owned
      or
      hereafter acquired by it or any of its Subsidiaries, except for the
      following:

     

    (a) Liens
      in
      favor of the Lenders securing Indebtedness under this Credit
      Agreement.

     

    (b) any
      Lien
      arising out of the refinancing, extension, renewal or refunding of any
      Indebtedness secured by any Lien permitted by this Section 8.2;
provided,
      that
      the
      principal amount of such Indebtedness is not increased (other than to provide
      for the payment of any underwriting discounts and fees related to any
      refinancing Indebtedness as well as any premiums owed on and accrued and unpaid
      interest related to the original Indebtedness) and is not secured by any
      additional assets.

     

    (c) Liens
      for
      taxes, assessments or other governmental charges or levies not yet due or which
      are being contested in good faith by appropriate proceedings and with respect
      to
      which adequate reserves or other appropriate provisions are being maintained
      in
      accordance with GAAP.

     

    (d) statutory
      Liens of landlords and Liens of carriers, warehousemen, mechanics, materialmen
      and interest owners of oil and gas production and other Liens imposed by law,
      created in the ordinary course of business and for amounts not past due for
      more
      than 60 days or which are being contested in good faith by appropriate
      proceedings which are sufficient to prevent imminent foreclosure of such Liens,
      are promptly instituted and diligently conducted and with respect to which
      adequate reserves or other appropriate provisions are being maintained in
      accordance with GAAP.

     

    (e) Liens
      incurred or deposits made in the ordinary course of business (including, without
      limitation, surety bonds and appeal bonds) in connection with workers'
      compensation, unemployment insurance and other types of social security benefits
      or to secure the performance of tenders, bids, leases, contracts (other than
      for
      the repayment of Indebtedness), statutory obligations and other similar
      obligations or arising as a result of progress payments under government
      contracts.

     

    (f) easements
      (including, without limitation, reciprocal easement agreements and utility
      agreements), rights-of-way, covenants, consents, reservations, encroachments,
      variations and other restrictions, charges or encumbrances (whether or not
      recorded) affecting the use of real property.

     

    (g) Liens
      with respect to judgments and attachments which do not result in an Event of
      Default.

     

    (h) Liens,
      deposits or pledges to secure the performance of bids, tenders, contracts (other
      than contracts for the payment of money), leases (permitted under the terms
      of
      this Agreement), public or statutory obligations, surety, stay, appeal,
      indemnity, performance or other obligations arising in the ordinary course
      of
      business.

     

    (i) rights
      of
      first refusal entered into in the ordinary course of business.

     

    (j) Liens
      consisting of any (i) rights reserved to or vested in any municipality or
      governmental, statutory or public authority to control or regulate any property
      of a Credit Party or any Subsidiary or to use such property in any manner which
      does not materially impair the use of such property for the purpose for which
      it
      is held by a Credit Party or any such Subsidiary, (ii) obligations or
      duties to any municipality or public authority with respect to any franchise,
      grant, license, lease or permit and the rights reserved or vested in any
      Governmental Authority or public utility to terminate any such franchise, grant,
      license, lease or permit or to condemn or expropriate any property, or
      (iii) zoning laws, ordinances or municipal regulations.

    

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      Midstream Operating, LP

    Amended
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    (k) Liens
      on
      deposits required by any Person with whom a Credit Party or any Subsidiary
      enters into forward contracts, futures contracts, swap agreements or other
      commodities contracts in the ordinary course of business.

     

    (l) other
      Liens, including Liens imposed by Environmental Laws, arising in the ordinary
      course of its business which (i) do not secure Indebtedness (other than
      Liens on cash and cash equivalents that secure letters of credit), (ii) do
      not
      secure any obligation in an amount exceeding $10,000,000 at any time and
      (iii) do not in the aggregate materially detract from the value of its
      assets or materially impair the use thereof in the operation of its
      business.

     

    (m) after
      the
      Investment Grade Rating Date, any Lien on any asset of any Person existing
      at
      the time such Person is merged or consolidated with or into the Borrower, the
      Parent or any Subsidiary and not created in contemplation of such event;
provided,
      that
      the aggregate Indebtedness secured by such Liens, when aggregated with the
      aggregate Indebtedness secured by Liens permitted pursuant to Section 8.2(n),
      shall not at any time exceed 50% of Consolidated EBITDA for the four consecutive
      fiscal quarter period most recently ended.

     

    (n) after
      the
      Investment Grade Rating Date, any Lien existing on any asset prior to the
      acquisition thereof by the Borrower, the Parent or any Subsidiary and not
      created in contemplation of such acquisition; provided,
      that
      the aggregate Indebtedness secured by such Liens, when aggregated with the
      aggregate Indebtedness secured by Liens permitted pursuant to Section 8.2(m),
      shall not at any time exceed 50% of Consolidated EBITDA for the four consecutive
      fiscal quarter period most recently ended.

     

    (o) other
      Liens securing Indebtedness or obligations in an amount not to exceed, in the
      aggregate, at any one time 10% of Consolidated Net Tangible Assets; provided,
      for
      purposes of this Section 8.2(o), with respect to any such secured Indebtedness
      of a non-wholly-owned Subsidiary of the Parent or Borrower with no recourse
      to
      any Credit Party or any wholly-owned Subsidiary thereof, only that portion
      of
      such Indebtedness reflecting Parent’s pro rata ownership interest therein shall
      be included in calculating compliance herewith.

     

    8.3 Consolidation
      and Merger.

     

    A
      Credit
      Party will not, and will not permit any of its Subsidiaries to, (a) enter
      into any transaction of merger or (b) consolidate, liquidate, wind up or
      dissolve itself (or suffer any liquidation or dissolution); provided,
      that:
      (i) a Person (including a Subsidiary of the Borrower) may be merged or
      consolidated with or into the Borrower or the Parent so long as (A) the
      Borrower or the Parent, as the case may be, shall be the continuing or surviving
      entity, (B) no Default or Event of Default shall exist or be caused
      thereby, (C) if the Parent or the Borrower has a Debt Rating at the time of
      such merger or consolidation, the Parent or the Borrower, as applicable, is
      not
      downgraded by a Designated Rating Agency as a result of such transaction to
      a
      rating below an Investment Grade Rating (or equivalent rating if the Parent
      or
      the Borrower, as applicable, has selected a Designated Rating Agency other
      than
      S&P, Moody's or Fitch), as applicable and (D) the Borrower or the Parent, as
      applicable, remains liable for its obligations under this Credit Agreement
      and
      all the rights and remedies hereunder remain in full force and effect,
      (ii) a Subsidiary of the Parent may merge with or into another Subsidiary
      of the Parent; provided that if one of such Subsidiaries is a Guarantor, the
      surviving entity must be a Guarantor and (iii) any such merger, consolidation,
      liquidation, winding up or dissolution in connection with any Disposition
      permitted under Section 8.4 hereof shall be permitted
      hereunder.

    

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      Midstream Operating, LP

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    8.4 Dispositions.

     

    A
      Credit
      Party will not make, nor permit its Subsidiaries to make any Disposition except:
      

     

    (a) Dispositions
      of inventory in the ordinary course of business; 

    

    (b) Dispositions
      of machinery and equipment no longer used or useful in the conduct of business
      of a Credit Party and its Subsidiaries that are Disposed of in the ordinary
      course of business; 

    

    (c) Dispositions
      of assets to a Credit Party; 

    

    (d) Dispositions
      of Investments permitted under Section 8.7;
      

    

    (e) Dispositions
      of accounts receivable in connection with the collection or compromise
      thereof;
      

    

    (f) Dispositions
      of licenses, sublicenses, leases or subleases granted to others not interfering
      in any material respect with the business of a Credit Party and its
      Subsidiaries; 

    

    
      	 	
              (g)

            	
              Dispositions
                of Cash Equivalents for fair market value;

            

    

    

    
      	 	
              (h)

            	
              Dispositions
                in which: (i) the assets being disposed are used simultaneously in
                exchange for replacement assets or (ii) the net proceeds thereof
                are
                either (A) reinvested within 365 days from such Disposition in assets
                to
                be used in the ordinary course of the business of the Parent and
                its
                Subsidiaries and/or (B) used to permanently reduce the Revolving
                Committed
                Amount on a dollar for dollar
                basis.

            

    

    

    (i) other
      Dispositions not exceeding in the aggregate for all Credit Parties and their
      Subsidiaries (i) 10% of Consolidated Net Tangible Assets in any fiscal year
      measured as of the date of determination and (ii) 25% of Consolidated Net
      Tangible Assets during the term of this Credit Agreement.

    

    8.5 Transactions
      with Affiliates.

     

    A
      Credit
      Party will not, and will not permit any Subsidiary to, directly or indirectly,
      pay any funds to or for the account of, make any investment in, lease, sell,
      transfer or otherwise dispose of any assets, tangible or intangible, to, or
      participate in, or effect, any transaction with, any officer, director, employee
      or Affiliate (other than another Credit Party) unless any and all such
      transactions between a Credit Party and its Subsidiaries on the one hand and
      any
      officer, director, employee or Affiliate (other than another Credit Party)
      on
      the other hand, shall be on an arms-length basis and on terms no less favorable
      to such Credit Party or such Subsidiary than could have been obtained from
      a
      third party who was not an officer, director, employee or Affiliate (other
      than
      another Credit Party); provided,
      that
      the
      foregoing provisions of this Section shall not (a) prohibit a Credit
      Party and each Subsidiary from declaring or paying any lawful dividend or
      distribution otherwise permitted hereunder, (b) prohibit a Credit Party or
      a Subsidiary from providing credit support for its Subsidiaries as it deems
      appropriate in the ordinary course of business, (c) prohibit a Credit Party
      or a
      Subsidiary from engaging in a transaction or transactions that are not on an
      arms-length basis or are not on terms as favorable as could have been obtained
      from a third party, provided that such transaction or transactions occurs within
      a related series of transactions, which, in the aggregate, are on an arms-length
      basis and are on terms as favorable as could have been obtained from a third
      party, (d) prohibit a Credit Party or a Subsidiary from engaging in non-material
      transactions with any Credit Party that are not on an arms-length basis or
      are
      not on terms as favorable as could have been obtained from a third party but
      are
      in the ordinary course of such Credit Party's or such Subsidiary's business,
      so
      long as, in each case, after giving effect thereto, no Default or Event of
      Default shall have occurred and be continuing, (e) prohibit a Credit Party
      or a
      Subsidiary from engaging in a transaction with an Affiliate if such transaction
      has been approved by the Conflicts Committee, (f) prohibit a Credit Party or
      a
      Subsidiary from entering into any of the agreements listed on Schedule
      8.5
      or (g)
      prohibit a Credit Party or a Subsidiary from compensating its employees and
      officers in the ordinary course of business.

    

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      Midstream Operating, LP

    Amended
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    8.6 Indebtedness.

     

    Prior
      to
      the Investment Grade Rating Date, no Credit Party will, nor will it permit
      its
      Subsidiaries to, create, incur, assume or suffer to exist any Indebtedness,
      except:

    

    (a) Indebtedness
      under the Credit Documents;

    

    (b) Investments
      permitted under Section
      8.7
      that
      would constitute Indebtedness;

    

    (c) obligations
      (contingent or otherwise) of a Credit Party or any Subsidiary existing or
      arising under (i) any Credit Facility Swap Contract or (ii) any other Swap
      Contract; provided
      that
      with respect to clauses (i) and (ii) above (A) such obligations are (or were)
      entered into by such Person in the ordinary course of business for the purpose
      of directly mitigating risks associated with liabilities, commitments,
      investments, assets, or property held or reasonably anticipated by such Person,
      or changes in the value of securities issued by such Person, and not for
      purposes of speculation or taking a "market view" and (B) such Credit Facility
      Swap Contract or Swap Contract does not contain any provision exonerating the
      non-defaulting party from its obligation to make payments on outstanding
      transactions to the defaulting party;

    

    (d) current
      liabilities of the Credit Parties or their respective Subsidiaries incurred
      in
      the ordinary course of business but not incurred through (i) the borrowing
      of money or (ii) the obtaining of credit except for credit on an open
      account basis customarily extended and in fact extended in connection with
      normal purchases of goods and services;

    

    (e) Indebtedness
      in respect of taxes, assessments, governmental charges or levies and claims
      for
      labor, materials and supplies to the extent that payment therefor shall not
      at
      the time be required to be made in accordance with the provisions of this Credit
      Agreement;

    

    (f) Indebtedness
      in respect of judgments or awards only to the extent, for the period and for
      an
      amount not resulting in a Default or Event of Default; 

    

    (g) Indebtedness
      outstanding under the Bridge Facility in an amount not to exceed $88,000,000;
      and

    

    (h) other
      unsecured Indebtedness in an aggregate amount not to exceed, at any one time
      outstanding, the greater of (i) $50,000,000 and (ii) 10% of Consolidated Net
      Tangible Assets.

    

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    On
      and
      after the Investment Grade Rating Date, no Credit Party will, nor will it permit
      its Subsidiaries to, create, incur, assume or suffer to exist any Indebtedness
      (other than Loans hereunder) unless at the time of the incurrence thereof,
      after
      giving thereto: (x) the Credit Parties are in pro forma compliance with the
      initial financial covenant set forth in Section 7.10(a), determined as of
      the last day of the most recently ended fiscal quarter for which financial
      statements have been delivered pursuant to Section 7.1(a) or (b), as applicable,
      and (y) no Default or Event of Default shall have occurred and be
      continuing.

     

    Notwithstanding
      anything in this Section 8.6 to the contrary, no Subsidiary of the Parent that
      is not a Credit Party shall be permitted to create, incur, assume or suffer
      to
      exist any Indebtedness. The foregoing sentence shall not restrict any
      Indebtedness of a Person existing at the time such Person became a Subsidiary
      of
      the Parent, to the extent such Indebtedness was not incurred in connection
      with
      or in contemplation of, such Person becoming a Subsidiary; provided,
      that
      the principal amount of such Indebtedness is not increased at the time of any
      refinancing, refunding, renewal or extension thereof. 

     

    8.7 Investments.

     

    Prior
      to
      the Investment Grade Rating Date, no Credit Party will, nor will it permit
      its
      Subsidiaries to, make any Investments, except:

    

    (a) Investments
      held by a Credit Party or a Subsidiary in the form of cash or Cash
      Equivalents;

    

    (b) Investments
      in any wholly-owned Subsidiary;

    

    (c) Investments
      consisting of extensions of credit in the nature of accounts receivable or
      notes
      receivable arising from the grant of trade credit in the ordinary course of
      business, and Investments received in satisfaction or partial satisfaction
      thereof from financially troubled account debtors to the extent reasonably
      necessary in order to prevent or limit loss;

    

    (d) Investments
      in Permitted Acquisitions and capital expenditures in the ordinary
      course;

    

    (e) Investments
      in Credit Facility Swap Contracts and other Swap Contracts permitted by Section
      8.6; 

    

    (f) Loans
      and
      advances to the general partner of the Borrower or the Parent to enable such
      general partner of the to pay general and administrative costs and expenses
      pursuant to the partnership agreement of the Borrower or Parent, as applicable;
      and

    

    (g) other
      Investments in an aggregate amount not to exceed, at any one time outstanding,
      25% of Consolidated Net Tangible Assets.

    

    8.8 Restricted
      Payments.

     

    Prior
      to
      the Investment Grade Rating Date, no Credit Party will, nor will it permit
      its
      Subsidiaries to, declare or make, directly or indirectly, any Restricted
      Payment, or incur any obligation (contingent or otherwise) to do so, except
      that:

    

    (a) (i)
      the
      Borrower may make Restricted Payments to the Parent, (ii) any Subsidiary may
      make Restricted Payments to any Credit Party or any wholly-owned Subsidiary
      of
      Parent or Borrower, and (iii) any non-wholly-owned Subsidiary may make
      Restricted Payments to its owners on a pro rata basis in accordance with such
      owners’ pro rata ownership interest therein;

    

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    (b) a
      Credit
      Party or Subsidiary may declare and make dividend payments or other
      distributions payable solely in the Capital Stock of such Person; 

    

    (c) the
      Credit Parties may make cash distributions to their Affiliates and redeem
      limited partnership units with the proceeds of the Term Loans; provided,
      that
      (i) each such distribution or redemption shall be made in connection with a
      contribution of assets to the Credit Parties from their Affiliates and (ii)
      the
      amount of such distribution or redemption shall be less than or equal to the
      fair market value of the assets (net of any consideration given by the Credit
      Parties with respect to such assets) contributed to the Credit Parties in
      connection therewith, as determined by the Credit Parties in good
      faith;

    

    (d) as
      long
      as no Default or Event of Default exists and is continuing, the Credit Parties
      may make quarterly cash distributions in an amount not to exceed Available
      Cash
      for such period; and 

    

    (e) the
      Parent or Borrower may repurchase their respective limited partnership units
      in
      an aggregate amount not exceeding $5,000,000 in any fiscal year.

    

    SECTION
      9.

     

    EVENTS
      OF DEFAULT

     

    9.1 Events
      of Default.

     

    An
      Event
      of Default shall exist upon the occurrence of any of the following specified
      events (each an "Event
      of Default"):

     

    (a) Payment.
      A
      Credit Party shall: (i) default
      in the payment when due of any principal amount of any of the Loans or of any
      reimbursement obligation arising from drawings under any Letters of Credit;
      or
      (ii) default,
      and such default shall continue for five or more Business Days, in the payment
      when due of any interest on the Loans or of any fees or other amounts owing
      hereunder, under any of the other Credit Documents or in connection
      herewith.

     

    (b) Representations.
      Any
      representation, warranty or statement made or deemed to be made by a Credit
      Party herein, in any of the other Credit Documents, or in any statement or
      certificate delivered or required to be delivered pursuant hereto or thereto
      shall prove to have been untrue in any material respect on the date as of which
      it was deemed to have been made.

     

    (c) Covenants.
      A
      Credit Party shall:

     

    (i) default
      in the due performance or observance of any term, covenant or agreement
      contained in Section 7.1(f), 7.8, 7.10, 7.11, 8.1, 8.2, 8.3, 8.4, 8.5, 8.6,
      8.7 or 8.8; 

     

    (ii) default
      in the due performance or observance by it of any term, covenant or agreement
      contained in Section 7.13 of this Credit Agreement and such default shall
      continue unremedied for a period of at least 5 Business Days after notice of
      such default is given by the Agent or a Lender to the Borrower; or

    

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    (iii) default
      in the due performance or observance by it of any term, covenant or agreement
      (other than those referred to in subsections (a), (b), (c)(i) or (c)(ii) of
      this Section 9.1) contained in this Credit Agreement or any other Credit
      Document and such default shall continue unremedied for a period of at least
      30
      days after the earlier of (A) a Responsible Officer of a Credit Party
      becoming aware of such default or (B)  notice of such default is given by
      the Agent or a Lender to the Borrower. 

     

    (d) Credit
      Documents.
      

     

    (i) Any
      Credit Document shall fail to be in full force and effect or a Credit Party
      shall so assert or any Credit Document shall fail to give the Agent and/or
      the
      Lenders the rights, powers and privileges purported to be created thereby;
      or

     

    (ii) The
      Agent
      shall cease to have a valid, perfected, first priority Lien on any Cash
      Collateral in any Cash Collateral Account for any reason.

     

    (e) Bankruptcy,
      etc.
      The
      occurrence of any of the following with respect to a Credit Party or a
      Subsidiary (i) a court or governmental agency having jurisdiction in the
      premises shall enter a decree or order for relief in respect of such Credit
      Party or Subsidiary in an involuntary case under any applicable bankruptcy,
      insolvency or other similar law now or hereafter in effect, or appoint a
      receiver, liquidator, assignee, custodian, trustee, sequestrator or similar
      official of such Credit Party or Subsidiary or for any substantial part of
      its
      property or ordering the winding up or liquidation of its affairs; or
      (ii) an involuntary case under any applicable bankruptcy, insolvency or
      other similar law now or hereafter in effect is commenced against such Credit
      Party or Subsidiary and such petition remains unstayed and in effect for a
      period of 90 consecutive days; or (iii) such Credit Party or Subsidiary
      shall commence a voluntary case under any applicable bankruptcy, insolvency
      or
      other similar law now or hereafter in effect, or consent to the entry of an
      order for relief in an involuntary case under any such law, or consent to the
      appointment or taking possession by a receiver, liquidator, assignee, custodian,
      trustee, sequestrator or similar official of such Person or any substantial
      part
      of its property or make any general assignment for the benefit of creditors;
      or
      (iv) such Credit Party or Subsidiary shall admit in writing its inability
      to pay its debts generally as they become due or any action shall be taken
      by
      such Person in furtherance of any of the aforesaid purposes.

     

    (f) Defaults
      under Other Agreements.
      With
      respect to any Indebtedness, including any Off Balance Sheet Indebtedness,
      in
      excess of the greater of (i) $10,000,000 or (ii) the lesser of (x) three percent
      (3%) of Consolidated Net Tangible Assets and (y) $100,000,000 (other than
      Indebtedness outstanding under this Credit Agreement) of a Credit Party or
      any
      Subsidiary such Credit Party or such Subsidiary shall (A) default in any
      payment (beyond the applicable grace period with respect thereto, if any) with
      respect to any such Indebtedness or fail to timely pay such Indebtedness when
      due, or (B) default (after giving effect to any applicable grace period) in
      the observance or performance of any covenant or agreement relating to such
      Indebtedness or contained in any instrument or agreement evidencing, securing
      or
      relating thereto, or any other event or condition shall occur or condition
      exist, the effect of which default or other event or condition in this clause
      (B) is to cause any such Indebtedness to become due prior to its stated
      maturity. 

    

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    (g) Judgments.
      One or
      more judgments, orders, or decrees shall be entered against a Credit Party
      or a
      Subsidiary involving a liability, in the aggregate, in excess of the greater
      of
      (i) $10,000,000 or (ii) the lesser of (x) three percent (3%) of Consolidated
      Net
      Tangible Assets and (y) $50,000,000 (to the extent not paid or covered by
      insurance provided by a carrier who has acknowledged coverage) and such
      judgments, orders or decrees shall continue unsatisfied, undischarged and
      unstayed for a period ending on the first to occur of (i) the last day on
      which such judgment, order or decree becomes final and unappealable and, where
      applicable, with the status of a judicial lien or (ii) 45
      days.

     

    (h) ERISA.
      The
      occurrence of: 

     

    (i) any
      of
      the following events or conditions which could result in a liability of a Credit
      Party or an ERISA Affiliate, in the aggregate, in excess of the greater of
      (i)
      $10,000,000 or (ii) the lesser of (x) three percent (3%) of Consolidated Net
      Tangible Assets and (y) $25,000,000: (A) any
      "accumulated funding deficiency," as such term is defined in Section 302 of
      ERISA and Section 412 of the Code, whether or not waived, shall exist with
      respect to any Plan, or any lien shall arise on the assets of the Borrower
      or
      any ERISA Affiliate in favor of the PBGC or a Plan; or (B)  any
      prohibited transaction (within the meaning of Section 406 of ERISA or
      Section 4975 of the Code) or breach of fiduciary responsibility shall occur
      which would be reasonably expected to subject the Borrower or any ERISA
      Affiliate to any liability under Sections 406, 409, 502(i), or 502(l) of
      ERISA or Section 4975 of the Code, or under any agreement or other
      instrument pursuant to which the Borrower or any ERISA Affiliate has agreed
      or
      is required to indemnify any person against any such liability; or

     

    (ii) any
      of
      the following events or conditions which could result in a liability of a Credit
      Party or an ERISA Affiliate,
      in the
      aggregate, in excess of the greater of (i) $10,000,000 or (ii) the lesser of
      (x)
      three percent (3%) of Consolidated Net Tangible Assets and (y)
      $50,000,000:
      (A) a
      Termination Event shall occur with respect to a Single Employer Plan which
      is,
      in the reasonable opinion of the Agent, likely to result in the termination
      of
      such Plan for purposes of Title IV of ERISA; or (B) a
      Termination Event shall occur with respect to a Multiemployer Plan or Multiple
      Employer Plan which is, in the reasonable opinion of the Agent, likely to result
      in (x) the termination of such Plan for purposes of Title IV of ERISA,
      or (y) the Borrower or any ERISA Affiliate incurring any liability in
      connection with a withdrawal from, reorganization of (within the meaning of
      Section 4241 of ERISA), or insolvency (within the meaning of
      Section 4245 of ERISA) of such Plan.

     

    (i) Change
      of Control.
      The
      occurrence of any Change of Control.

     

    9.2 Acceleration;
      Remedies.

     

    Upon
      the
      occurrence of an Event of Default, and at any time thereafter unless and until
      such Event of Default has been waived by the Required Lenders (or the Lenders
      as
      may be required hereunder), the Agent may, with the consent of the Required
      Lenders, and shall, upon the request and direction of the Required Lenders,
      by
      written notice to the Borrower take any of the following actions without
      prejudice to the rights of the Agent or any Lender to enforce its claims against
      the Borrower, except as otherwise specifically provided for
      herein:

    

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    (i) Termination
      of Commitments.
      Declare
      the Commitments and the obligation of the Issuing Bank to issue any Letter
      of
      Credit to be terminated whereupon the Commitments and such obligation of the
      Issuing Bank to issue any Letter of Credit shall be immediately
      terminated.

     

    (ii) Acceleration
      of Loans and Letters of Credit.
      Declare
      the unpaid principal of and any accrued interest in respect of all Loans, any
      reimbursement obligations arising from drawings under Letters of Credit and
      any
      and all other indebtedness or obligations of any and every kind owing by the
      Credit Parties to any of the Lenders hereunder to be due whereupon the same
      shall be immediately due and payable without presentment, demand, protest or
      other notice of any kind, all of which are hereby waived by the
      Borrower.

     

    (iii) Cash
      Collateralize Letters of Credit.
      Direct
      the Borrower to pay (and the Borrower agrees that upon receipt of such notice,
      or upon the occurrence of an Event of Default under Section 9.1(e), it will
      immediately pay) to the Issuing Lender additional cash, to be held by the
      Issuing Lender, for the benefit of the Lenders, in a cash collateral account
      as
      security for the LOC Obligations in respect of subsequent drawings under all
      then outstanding Letters of Credit in an amount equal to the maximum aggregate
      amount which may be drawn under all Letters of Credits then
      outstanding.

     

    (iv) Enforcement
      of Rights.
      Enforce
      any and all rights and interests created and existing under the Credit
      Documents, including, without limitation, all rights of set-off.

     

    (v) Cash
      Collateral.
      Liquidate
      the Cash Collateral and apply the proceeds thereof to repay the Term Loans
      then
      outstanding.

     

    Notwithstanding
      the foregoing, if an Event of Default specified in Section 9.1(e) shall
      occur, then the Commitments and the obligation of the Issuing Bank to issue
      any
      Letter of Credit shall automatically terminate and all Loans,
      all
      reimbursement obligations under Letters of Credit,
      all
      accrued interest in respect thereof, all accrued and unpaid fees and other
      indebtedness or obligations owing to the Lenders and the Agent hereunder shall
      immediately become due and payable without the giving of any notice or other
      action by the Agent or the Lenders.

     

    Notwithstanding
      the fact that enforcement powers reside primarily with the Agent, each Lender
      has, to the extent permitted by law, a separate right of payment and shall
      be
      considered a separate "creditor" holding a separate "claim" within the meaning
      of Section 101(5) of the Bankruptcy Code or any other insolvency
      statute.

     

    9.3 Allocation
      of Payments After Event of Default.

     

    Notwithstanding
      any other provision of this Credit Agreement, after the occurrence of an Event
      of Default, all amounts collected or received by the Agent or any Lender on
      account of amounts outstanding under any of the Credit Documents shall be paid
      over or delivered as follows:

     

    FIRST,
      to
      the payment of all reasonable out-of-pocket costs and expenses (including
      without limitation reasonable attorneys' fees) of the Agent and the Lenders
      in
      connection with enforcing the rights of the Lenders under the Credit Documents,
      pro rata as set forth below;

     

    SECOND,
      to payment of any fees owed to the Agent, or any Lender, pro rata as set forth
      below;

    

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    THIRD,
      to
      the payment of all accrued interest payable to the Lenders hereunder, pro rata
      as set forth below;

     

    FOURTH,
      to the payment of the outstanding principal amount of the Loans and to the
      payment or cash collateralization of the outstanding LOC Obligations, pro rata,
      as set forth below;

     

    FIFTH,
      to
      all other obligations which shall have become due and payable under the Credit
      Documents and not repaid pursuant to clauses "FIRST" through "FOURTH" above;
      and

     

    SIXTH,
      to
      the payment of the surplus, if any, to whomever may be lawfully entitled to
      receive such surplus; 

     

    provided,
      that
      all amounts collected from the proceeds of Cash Collateral shall be used to
      repay the Term Loans. 

     

    In
      carrying out the foregoing, (a) amounts received shall be applied in the
      numerical order provided until exhausted prior to application to the next
      succeeding category; (b) each of the Lenders shall receive an amount equal
      to its pro rata share (based on the proportion that the then outstanding Loans
      and LOC Obligations held by such Lender bears to the aggregate then outstanding
      Loans and LOC Obligations), of amounts available to be applied; and (c) to
      the extent that any amounts available for distribution pursuant to clause
      "FOURTH" above are attributable to the issued but undrawn amount of outstanding
      Letters of Credit, such amounts shall be held by the Agent in a cash collateral
      account and applied (i) first, to reimburse the Issuing Lender from time to
      time
      for any drawings under such Letters of Credit and (ii) then, following the
      expiration of all Letters of Credit, to all other obligations of the types
      described in clauses "FOURTH", "FIFTH" and "SIXTH" above in the manner provided
      in this Section 9.3. 

     

    SECTION
      10.

     

    AGENCY
      PROVISIONS

     

    10.1 Appointment.

     

    Each
      Lender hereby designates and appoints Wachovia Bank, National Association,
      as
      agent of such Lender to act as specified herein and the other Credit Documents,
      and each such Lender hereby authorizes the Agent, as the agent for such Lender,
      to take such action on its behalf under the provisions of this Credit Agreement
      and the other Credit Documents and to exercise such powers and perform such
      duties as are expressly delegated by the terms hereof and of the other Credit
      Documents, together with such other powers as are reasonably incidental thereto.
      Notwithstanding any provision to the contrary elsewhere herein and in the other
      Credit Documents, the Agent shall not have any duties or responsibilities,
      except those expressly set forth herein and therein, or any fiduciary
      relationship with any Lender, and no implied covenants, functions,
      responsibilities, duties, obligations or liabilities shall be read into this
      Credit Agreement or any of the other Credit Documents, or shall otherwise exist
      against the Agent. The provisions of this Section are solely for the
      benefit of the Agent and the Lenders and no Credit Party shall have any rights
      as a third party beneficiary of the provisions hereof. In performing its
      functions and duties under this Credit Agreement and the other Credit Documents,
      the Agent shall act solely as agent of the Lenders and does not assume and
      shall
      not be deemed to have assumed any obligation or relationship of agency or trust
      with or for any Credit Party. All institutions acting as a Co-Syndication Agent
      or Co-Documentation Agent hereunder shall have no obligations in such capacity
      under the Credit Documents.

    

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    10.2 Delegation
      of Duties.

     

    The
      Agent
      may execute any of its duties hereunder or under the other Credit Documents
      by
      or through agents or attorneys-in-fact and shall be entitled to advice of
      counsel concerning all matters pertaining to such duties. The Agent shall not
      be
      responsible to the Lenders for the negligence or misconduct of any agents or
      attorneys-in-fact selected by it with reasonable care.

     

    10.3 Exculpatory
      Provisions.

     

    Neither
      the Agent nor any of its officers, directors, employees, agents,
      attorneys-in-fact or Affiliates shall be liable for any action lawfully taken
      or
      omitted to be taken by it or such Person under or in connection herewith or
      in
      connection with any of the other Credit Documents (except for its or such
      Person's own gross negligence or willful misconduct), or responsible in any
      manner to any of the Lenders for any recitals, statements, representations
      or
      warranties made by any Credit Party contained herein or in any of the other
      Credit Documents or in any certificate, report, statement or other document
      referred to or provided for in, or received by the Agent under or in connection
      herewith or in connection with the other Credit Documents, or enforceability
      or
      sufficiency therefor of any of the other Credit Documents, or for any failure
      of
      any Credit Party to perform its obligations hereunder or thereunder. The Agent
      shall not be responsible to any Lender for the effectiveness, genuineness,
      validity, enforceability, collectibility or sufficiency of this Credit
      Agreement, or any of the other Credit Documents or for any representations,
      warranties, recitals or statements made herein or therein or made by any Credit
      Party in any written or oral statement or in any financial or other statements,
      instruments, reports, certificates or any other documents in connection herewith
      or therewith furnished or made by the Agent to the Lenders or by or on behalf
      of
      any Credit Party to the Agent or any Lender or be required to ascertain or
      inquire as to the performance or observance of any of the terms, conditions,
      provisions, covenants or agreements contained herein or therein or as to the
      use
      of the proceeds of the Loans or of the existence or possible existence of any
      Default or Event of Default or to inspect the properties, books or records
      of
      any Credit Party. The Agent is not a trustee for the Lenders and owes no
      fiduciary duty to the Lenders.

     

    10.4 Reliance
      on Communications.

     

    The
      Agent
      shall be entitled to rely, and shall be fully protected in relying, upon any
      note, writing, resolution, notice, consent, certificate, affidavit, letter,
      cablegram, telegram, telecopy, telex or teletype message, statement, order
      or
      other document or conversation believed by it to be genuine and correct and
      to
      have been signed, sent or made by the proper Person or Persons and upon advice
      and statements of legal counsel (including, without limitation, counsel to
      the
      Credit Parties, independent accountants and other experts selected by the Agent
      with reasonable care). The Agent may deem and treat the Lenders as the owner
      of
      its interests hereunder for all purposes unless a written notice of assignment,
      negotiation or transfer thereof shall have been filed with the Agent in
      accordance with Section 11.3(b). The Agent shall be fully justified in
      failing or refusing to take any action under this Credit Agreement or under
      any
      of the other Credit Documents unless it shall first receive such advice or
      concurrence of the Required Lenders as it deems appropriate or it shall first
      be
      indemnified to its satisfaction by the Lenders against any and all liability
      and
      expense which may be incurred by it by reason of taking or continuing to take
      any such action. The Agent shall in all cases be fully protected in acting,
      or
      in refraining from acting, hereunder or under any of the other Credit Documents
      in accordance with a request of the Required Lenders (or to the extent
      specifically provided in Section 11.6, all the Lenders) and such request
      and any action taken or failure to act pursuant thereto shall be binding upon
      all the Lenders (including their successors and assigns).

    

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    10.5 Notice
      of Default.

     

    The
      Agent
      shall not be deemed to have knowledge or notice of the occurrence of any Default
      or Event of Default hereunder (other than an Event of Default specified in
      Section 9.1(a)) unless the Agent has received notice from a Lender or the
      Borrower referring to the Credit Document, describing such Default or Event
      of
      Default and stating that such notice is a "notice of default." In the event
      that
      the Agent receives such a notice, the Agent shall give prompt notice thereof
      to
      the Lenders. The Agent shall take such action with respect to such Default
      or
      Event of Default as shall be reasonably directed by the Required
      Lenders.

     

    10.6 Non-Reliance
      on Agent and Other Lenders.

     

    Each
      Lender expressly acknowledges that neither the Agent nor any of its officers,
      directors, employees, agents, attorneys-in-fact or Affiliates has made any
      representations or warranties to it and that no act by the Agent or any
      Affiliate thereof hereinafter taken, including any review of the affairs of
      the
      Credit Parties, shall be deemed to constitute any representation or warranty
      by
      the Agent to any Lender. Each Lender represents to the Agent that it has,
      independently and without reliance upon the Agent or any other Lender, and
      based
      on such documents and information as it has deemed appropriate, made its own
      appraisal of and investigation into the business, assets, operations, property,
      financial and other conditions, prospects and creditworthiness of the Credit
      Parties and made its own decision to make its Extensions of Credit hereunder
      and
      enter into this Credit Agreement. Each Lender also represents that it will,
      independently and without reliance upon the Agent or any other Lender, and
      based
      on such documents and information as it shall deem appropriate at the time,
      continue to make its own credit analysis, appraisals and decisions in taking
      or
      not taking action under this Credit Agreement, and to make such investigation
      as
      it deems necessary to inform itself as to the business, assets, operations,
      property, financial and other conditions, prospects and creditworthiness of
      the
      Credit Parties. Except for notices, reports and other documents expressly
      required to be furnished to the Lenders by the Agent hereunder, the Agent shall
      not have any duty or responsibility to provide any Lender with any credit or
      other information concerning the business, operations, assets, property,
      financial or other conditions, prospects or creditworthiness of the Credit
      Parties which may come into the possession of the Agent or any of its officers,
      directors, employees, agents, attorneys-in-fact or Affiliates. 

     

    10.7 Indemnification.

     

    Each
      Lender agrees to indemnify the Agent (including for purposes of this Section
      10.7 the Agent in its capacity as Issuing Lender) in its capacity as such (to
      the extent not reimbursed by the Credit Parties and without limiting the
      obligation of the Credit Parties to do so), ratably according to its Commitment
      Percentage, from and against any and all liabilities, obligations, losses,
      damages, penalties, actions, judgments, suits, costs, expenses or disbursements
      of any kind whatsoever which may at any time (including without limitation
      at
      any time following the payment in full of the Credit Parties Obligations) be
      imposed on, incurred by or asserted against the Agent in its capacity as such
      in
      any way relating to or arising out of this Credit Agreement or the other Credit
      Documents or any documents contemplated by or referred to herein or therein
      or
      the transactions contemplated hereby or thereby or any action taken or omitted
      by the Agent under or in connection with any of the foregoing; provided,
      that no
      Lender shall be liable for the payment of any portion of such liabilities,
      obligations, losses, damages, penalties, actions, judgments, suits, costs,
      expenses or disbursements resulting from the gross negligence or willful
      misconduct of the Agent. If any indemnity furnished to the Agent for any purpose
      shall, in the opinion of the Agent, be insufficient or become impaired, the
      Agent may call for additional indemnity and cease, or not commence, to do the
      acts indemnified against until such additional indemnity is furnished. The
      agreements in this Section 10.7 shall survive the payment of the
      Obligations and all other amounts payable hereunder and under the other Credit
      Documents and the termination of the Commitments.

    

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      Midstream Operating, LP

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    10.8 Agent
      in Its Individual Capacity.

     

    The
      Agent
      and its Affiliates may make loans to, accept deposits from and generally engage
      in any kind of business with a Credit Party as though the Agent were not Agent
      hereunder. With respect to the Loans made, Letters of Credit issued and all
      Obligations owing to it, the Agent shall have the same rights and powers under
      this Credit Agreement as any Lender and may exercise the same as though it
      were
      not the Agent, and the terms "Lender" and "Lenders" shall include the Agent
      in
      its individual capacity.

     

    10.9 Successor
      Agent.

     

    The
      Agent
      may, at any time, resign upon 30 days written notice to the Lenders and the
      Borrower. Upon any such resignation, the Borrower with the consent of the
      Required Lenders (such consent of the Required Lenders not to be unreasonably
      withheld or delayed) shall have the right to appoint a successor Agent. If
      no
      successor Agent shall have been so appointed and shall have accepted such
      appointment within 30 days after the notice of resignation, then the retiring
      Agent shall in
      consultation with the Borrower,
      select a
      successor Agent provided such successor is a Lender hereunder or qualifies
      as an
      Eligible Assignee (or if no Eligible Assignee shall have been so appointed
      by
      the retiring Agent and shall have accepted such appointment, then the Lenders
      shall perform all obligations of the retiring Agent hereunder until such time,
      if any, as a successor Agent shall have been appointed and shall have accepted
      such appointment as provided for above). Upon the acceptance of any appointment
      as Agent hereunder by a successor, such successor Agent shall thereupon succeed
      to and become vested with all the rights, powers, privileges and duties of
      the
      retiring Agent, and the retiring Agent shall be discharged from its duties
      and
      obligations as Agent, as appropriate, under this Credit Agreement and the other
      Credit Documents and the provisions of this Section 10.9 shall inure to its
      benefit as to any actions taken or omitted to be taken by it while it was Agent
      under this Credit Agreement;
      provided, if such successor Agent shall have been appointed without the consent
      of the Borrower, such successor Agent may be replaced by the Borrower with
      the
      consent of the Required Lenders so long as no Event of Default has occurred
      and
      is continuing.

     

    SECTION
      11.

     

    MISCELLANEOUS

     

    11.1 Notices.

     

    (a) Except
      as
      otherwise expressly provided herein, all notices and other communications shall
      have been duly given and shall be effective (i) when delivered,
      (ii) when transmitted via telecopy (or other facsimile device),
      (iii) the Business Day following the day on which the same has been
      delivered prepaid (or pursuant to an invoice arrangement) to a reputable
      national overnight air courier service, or (iv) the third Business Day
      following the day on which the same is sent by certified or registered mail,
      postage prepaid, in each case to the respective parties at the address or
      telecopy numbers set forth on Schedule 11.1,
      or at
      such other address as such party may specify by written notice to the other
      parties hereto.

     

    (b) Notwithstanding
      anything herein to the contrary, notices and other communications to the Agent,
      the Lenders and the Credit Parties, may be delivered or furnished by electronic
      communication (including email, Internet or intranet website) pursuant to
      procedures approved by the Agent; provided that the certificate required to
      be
      delivered by Section 7.1(d) must be delivered in original
      form.

    

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    11.2 Right
      of Set-Off.

     

    In
      addition to any rights now or hereafter granted under applicable law or
      otherwise, and not by way of limitation of any such rights, upon the occurrence
      of an Event of Default and the commencement of remedies described in
      Section 9.2, each Lender is authorized at any time and from time to time,
      without presentment, demand, protest or other notice of any kind (all of which
      rights being hereby expressly waived), to set-off and to appropriate and apply
      any and all deposits (general or special) and any other indebtedness at any
      time
      held or owing by such Lender (including, without limitation branches, agencies
      or Affiliates of such Lender wherever located) to or for the credit or the
      account of the Borrower against obligations and liabilities of the Borrower
      to
      the Lenders hereunder, under the Notes, the other Credit Documents or otherwise,
      irrespective of whether the Agent or the Lenders shall have made any demand
      hereunder and although such obligations, liabilities or claims, or any of them,
      may be contingent or unmatured, and any such set-off shall be deemed to have
      been made immediately upon the occurrence of an Event of Default even though
      such charge is made or entered on the books of such Lender subsequent
      thereto.

     

    11.3 Benefit
      of Agreement.

     

    (a) Generally.
      This
      Credit Agreement shall be binding upon and inure to the benefit of and be
      enforceable by the respective successors and assigns of the parties hereto;
      provided,
      that
      the Borrower may not assign and transfer any of its interests without the prior
      written consent of the Lenders; and provided,
      further,
      that
      the rights of each Lender to transfer, assign or grant participations in its
      rights and/or obligations hereunder shall be limited as set forth below in
      this
      Section 11.3.

     

    (b) Assignments.
      Each
      Lender may assign to one or more Eligible Assignees all or a portion of its
      rights and obligations under this Credit Agreement (including, without
      limitation, all or a portion of its Loans, its Notes, its LOC Obligations and
      its Commitment); provided,
      however,
      that:

     

    (i) each
      such
      assignment shall be to an Eligible Assignee;

     

    (ii) except
      in
      the case of an assignment to another Lender or an assignment of all of a
      Lender's rights and obligations under this Credit Agreement, any such partial
      assignment shall be in an amount at least equal to $10,000,000 (or, if less,
      the
      remaining amount of the Commitment (which for this purpose includes Loans and
      LOC Obligations) being assigned by such Lender) and an integral multiple of
      $1,000,000 in excess thereof; and

     

    (iii) the
      parties to such assignment shall execute and deliver to the Agent for its
      acceptance an Assignment Agreement in substantially the form of Exhibit 11.3(b),
      together with a processing fee from the assignor of $3,500.

     

    Upon
      execution, delivery, and acceptance of such Assignment Agreement, the assignee
      thereunder shall be a party hereto and, to the extent of such assignment, have
      the obligations, rights, and benefits of a Lender hereunder and the assigning
      Lender shall, to the extent of such assignment, relinquish its rights (except
      those rights hereunder which by their terms expressly survive) and be released
      from its obligations under this Credit Agreement. Upon the consummation of
      any
      assignment pursuant to this Section 11.3(b), the assignor, the Agent and
      the Borrower shall make appropriate arrangements so that, if required, new
      Notes
      are issued to the assignor and the assignee. If the assignee is not incorporated
      under the laws of the United States of America or a state thereof, it shall
      deliver to the Borrower and the Agent certification as to exemption from
      deduction or withholding of taxes in accordance with
      Section 4.4.

    

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    By
      executing and delivering an assignment agreement in accordance with this
      Section 11.3(b), the assigning Lender thereunder and the assignee
      thereunder shall be deemed to confirm to and agree with each other and the
      other
      parties hereto as follows: (A) such assigning Lender warrants that it is
      the legal and beneficial owner of the interest being assigned thereby free
      and
      clear of any adverse claim created by such assigning Lender and the assignee
      warrants that it is an Eligible Assignee; (B) except as set forth in
      clause (A) above, such assigning Lender makes no representation or warranty
      and assumes no responsibility with respect to any statements, warranties or
      representations made in or in connection with this Credit Agreement, any of
      the
      other Credit Documents or any other instrument or document furnished pursuant
      hereto or thereto, or the execution, legality, validity, enforceability,
      genuineness, sufficiency or value of this Credit Agreement, any of the other
      Credit Documents or any other instrument or document furnished pursuant hereto
      or thereto or the financial condition of the Borrower or the performance or
      observance by the Borrower of any of its obligations under this Credit
      Agreement, any of the other Credit Documents or any other instrument or document
      furnished pursuant hereto or thereto; (C) such assigning Lender and such
      assignee represents and warrants that it is legally authorized to enter into
      such assignment agreement; (D) such assignee confirms that it has received
      a copy of this Credit Agreement, the other Credit Documents and such other
      documents and information as it has deemed appropriate to make its own credit
      analysis and decision to enter into such assignment agreement; (E) such
      assignee will independently and without reliance upon the Agent, such assigning
      Lender or any other Lender, and based on such documents and information as
      it
      shall deem appropriate at the time, continue to make its own credit decisions
      in
      taking or not taking action under this Credit Agreement and the other Credit
      Documents; (F) such assignee appoints and authorizes the Agent to take such
      action on its behalf and to exercise such powers under this Credit Agreement
      or
      any other Credit Document as are delegated to the Agent by the terms hereof
      or
      thereof, together with such powers as are reasonably incidental thereto; and
      (G) such assignee agrees that it will perform in accordance with their
      terms all the obligations which by the terms of this Credit Agreement and the
      other Credit Documents are required to be performed by it as a
      Lender.

     

    (c) Register.
      The
      Agent shall maintain a copy of each Assignment Agreement delivered to and
      accepted by it and a register for the recordation of the names and addresses
      of
      the Lenders and the Commitment of, and principal amount of the Loans owing
      to,
      each Lender from time to time (the "Register").
      The
      entries in the Register shall be conclusive and binding for all purposes, absent
      manifest error, and the Borrower, the Agent and the Lenders may treat each
      Person whose name is recorded in the Register as a Lender hereunder for all
      purposes of this Credit Agreement. The Register shall be available for
      inspection by the Borrower or any Lender (with respect to any entry relating
      to
      such Lender’s Loans, Notes, LOC Obligations or Commitment) at any reasonable
      time and from time to time upon reasonable prior notice.

     

    (d) Acceptance.
      Upon
      its receipt of an Assignment Agreement executed by the parties thereto, together
      with any Note subject to such assignment and payment of the processing fee,
      the
      Agent shall, if such Assignment Agreement has been completed and is in
      substantially the form of Exhibit 11.3(b)
      hereto,
      (i) accept such Assignment Agreement, (ii) record the information
      contained therein in the Register and (iii) give prompt notice thereof to
      the parties thereto.

     

    (e) Participations.
      Each
      Lender may sell participations to one or more Persons in all or a portion of
      its
      rights, obligations or rights and obligations under this Credit Agreement
      (including all or a portion of its Commitment, its Notes, its LOC Obligations
      and its Loans); provided,
      however,
      that
      (i) such Lender's obligations under this Credit Agreement shall remain
      unchanged, (ii) such Lender shall remain solely responsible to the other
      parties hereto for the performance of such obligations, (iii) the
      participant shall be entitled to the benefit of the yield protection provisions
      contained in Sections 4.1 through 4.4, inclusive, but shall not be entitled
      to receive any amount greater than such Lender would have been able to receive,
      and (iv) the Borrower shall continue to deal solely and directly with such
      Lender in connection with such Lender's rights and obligations under this Credit
      Agreement, and such Lender shall retain the sole right to enforce the
      obligations of the Borrower relating to its Loans, its Notes and its LOC
      Obligations and to approve any amendment, modification, or waiver of any
      provision of this Credit Agreement (other than amendments, modifications, or
      waivers decreasing the amount of principal of or the rate at which interest
      is
      payable on such Loans or Notes, extending any scheduled principal payment date
      or date fixed for the payment of interest on such Loans or Notes, or extending
      its Commitment).

    

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    (f) Nonrestricted
      Assignments.
      Notwithstanding any other provision set forth in this Credit Agreement, any
      Lender may at any time assign and pledge all or any portion of its Loans and
      its
      Notes to any Federal Reserve Bank as collateral security pursuant to
      Regulation A and any Operating Circular issued by such Federal Reserve
      Bank. No such assignment shall release the assigning Lender from its obligations
      hereunder.

     

    (g) Information.
      Subject
      to Section 11.17, any Lender may furnish any information concerning the Borrower
      in the possession of such Lender from time to time to assignees and participants
      (including prospective assignees and participants).

     

    11.4 No
      Waiver; Remedies Cumulative.

     

    No
      failure or delay on the part of the Agent or any Lender in exercising any right,
      power or privilege hereunder or under any other Credit Document and no course
      of
      dealing between the Borrower and the Agent or any Lender shall operate as a
      waiver thereof; nor shall any single or partial exercise of any right, power
      or
      privilege hereunder or under any other Credit Document preclude any other or
      further exercise thereof or the exercise of any other right, power or privilege
      hereunder or thereunder. The rights and remedies provided herein are cumulative
      and not exclusive of any rights or remedies which the Agent or any Lender would
      otherwise have. No notice to or demand on the Borrower in any case shall entitle
      the Borrower to any other or further notice or demand in similar or other
      circumstances or constitute a waiver of the rights of the Agent or the Lenders
      to any other or further action in any circumstances without notice or
      demand.

     

    11.5 Payment
      of Expenses, etc.

     

    The
      Borrower agrees to: (i) pay all reasonable out-of-pocket costs and expenses
      of the Agent in connection with (A) the negotiation, preparation, execution
      and delivery, syndication and administration of this Credit Agreement and the
      other Credit Documents and the documents and instruments referred to therein
      (including, without limitation, the reasonable fees and expenses of counsel
      to
      the Agent) and (B) any amendment, waiver or consent relating hereto and
      thereto including, but not limited to, any such amendments, waivers or consents
      resulting from or related to any work-out, renegotiation or restructure relating
      to the performance by the Borrower under this Credit Agreement, (ii) pay
      all reasonable out-of-pocket costs and expenses of the Agent and each Lender
      in
      connection with (A) enforcement of the Credit Documents and the documents
      and instruments referred to therein (including, without limitation, in
      connection with any such enforcement, the reasonable fees and disbursements
      of
      counsel for the Agent and each of the Lenders (including the allocated cost
      of
      internal counsel)) and (B) any bankruptcy or insolvency proceeding of any
      Credit Party and (iii) indemnify the Agent and each Lender, their
      respective Affiliates and the respective officers, directors, employees,
      representatives and agents of the foregoing from and hold each of them harmless
      against any and all losses, liabilities, claims, damages or expenses incurred
      by
      any of them as a result of, or arising out of, or in any way related to, or
      by
      reason of, any investigation, litigation or other proceeding (whether or not
      the
      Agent or any Lender is a party thereto) related to the entering into and/or
      performance of any Credit Document or the use of proceeds of any Loans
      (including other extensions of credit) hereunder or the consummation of any
      other transactions contemplated in any Credit Document, including, without
      limitation, the reasonable fees and disbursements of counsel and settlement
      costs incurred in connection with any such investigation, litigation or other
      proceeding (but excluding any such losses, liabilities, claims, damages or
      expenses to the extent incurred by reason of gross negligence or willful
      misconduct on the part of the Person to be indemnified as determined by a court
      of competent jurisdiction by final and non-appealable
      judgment).

    

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    11.6 Amendments,
      Waivers and Consents.

     

    Neither
      this Credit Agreement, nor any other Credit Document nor any of the terms hereof
      or thereof may be amended, changed, waived, discharged or terminated unless
      such
      amendment, change, waiver, discharge or termination is in writing and signed
      by
      the Required Lenders and the Borrower (and if the rights or duties of the
      Issuing Bank are affected thereby, by it); provided,
      that no
      such amendment, change, waiver, discharge or termination shall without the
      consent of each Lender affected thereby:

     

    (a) extend
      the Maturity Date (except pursuant to Section 2.11), or postpone or extend
      the
      time for any payment or prepayment of principal (except pursuant to Section
      3.3(b)) or the time of payment of any reimbursement obligation, or any portion
      thereof, arising from drawings under Letters of Credit;

     

    (b) reduce
      the rate or extend the time of payment of interest thereon or fees or other
      amounts payable hereunder;

     

    (c) reduce
      or
      waive the principal amount of any Loan or of any reimbursement obligation,
      or
      any portion thereof, arising from drawings under Letters of Credit;

     

    (d) increase
      (other
      than an increase to its Revolving Commitment resulting from an increase in
      the
      Revolving Committed Amount pursuant to the sale of Cash Collateral as set forth
      in Section 3.2(a)(iii)) or
      extend
      the Commitment of a Lender (it being understood and agreed that a waiver of
      any
      Default or Event of Default or a waiver of any mandatory reduction in the
      Commitments shall not constitute a change in the terms of any Commitment of
      any
      Lender);

     

    (e) consent
      to the assignment or transfer by the Borrower of any of its rights and
      obligations under (or in respect of) the Credit Documents or release the
      Borrower from its obligations under the Credit Documents;

     

    (f) amend,
      modify or waive any provision of this Section 11.6 or Section 2.10,
      3.6, 3.8, 5.2, 9.1(a), 11.2, 11.3 or 11.5; 

     

    (g) reduce
      any percentage specified in, or otherwise modify, the definition of Required
      Lenders; 

     

    (h) release
      the Cash Collateral except as specifically permitted hereunder and by the
      Collateral Documents; or

     

    (i) release
      the Parent from its obligations under the Credit Documents or release all or
      substantially all of the other Guarantors from their obligations.

     

    No
      provision of Section 10 may be amended or modified without the consent of
      the Agent.

     

    No
      provision of Section 2.2 may be amended or modified without the consent of
      each
      Issuing Lender affected thereby.

    

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    No
      provision of Section 2.8 may be amended or modified without the consent of
      the
      Swingline Lender.

     

    Notwithstanding
      the fact that the consent of all the Lenders is required in certain
      circumstances as set forth above, (x) each Lender is entitled to vote as
      such Lender sees fit on any reorganization plan that affects the Loans
or
      the
      Letters of Credit,
      and
      each Lender acknowledges that the provisions of Section 1126(c) of the
      Bankruptcy Code supersede the unanimous consent provisions set forth herein
      and
      (y) the Required Lenders may consent to allow the Borrower to use cash
      collateral in the context of a bankruptcy or insolvency proceeding.

     

    Notwithstanding
      anything above to the contrary, no consent of any Lender shall be required
      in
      connection with any amendment solely to evidence a new term loan pursuant to
      Section 2.1(b)(iii) and the creation of any Cash Collateral Account and Account
      Control Agreement and the establishment of required collateral amounts
      associated therewith other than a Lender providing a portion of such term
      loan.

     

    11.7 Counterparts/Telecopy.

     

    This
      Credit Agreement may be executed in any number of counterparts, each of which
      where so executed and delivered shall be an original, but all of which shall
      constitute one and the same instrument. Delivery of executed counterparts by
      telecopy or other electronic means shall be as effective as an original and
      shall constitute a representation that an original will be
      delivered.

     

    11.8 Headings.

     

    The
      headings of the sections and subsections hereof are provided for convenience
      only and shall not in any way affect the meaning or construction of any
      provision of this Credit Agreement.

     

    11.9 Defaulting
      Lender.

     

    Each
      Lender understands and agrees that if such Lender is a Defaulting Lender then
      it
      shall not be entitled to vote on any matter requiring the consent of the
      Required Lenders or to object to any matter requiring the consent of all the
      Lenders; provided,
      however,
      that
      (a) a Lender's Commitment may not be increased without its consent whether
      or not it is a Defaulting Lender and (b) all other benefits and obligations
      under the Credit Documents shall apply to such Defaulting Lender.

     

    11.10 Survival
      of Indemnification and Representations and Warranties.

     

    All
      indemnities set forth herein and all representations and warranties made herein
      shall survive the execution and delivery of this Credit Agreement, the making
      of
      the Loans, the issuance of the Letters of Credit and the repayment of the Loans,
      LOC Obligations and other obligations and the termination of the Commitments
      hereunder.

     

    11.11 Governing
      Law; Venue.

     

    (a) THIS
      CREDIT AGREEMENT AND THE OTHER CREDIT DOCUMENTS AND THE RIGHTS AND OBLIGATIONS
      OF THE PARTIES HEREUNDER AND THEREUNDER SHALL BE GOVERNED BY AND CONSTRUED
      AND
      INTERPRETED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. Any legal
      action or proceeding with respect to this Credit Agreement or any other Credit
      Document may be brought in the courts of the State of New York, or of the United
      States for the Southern District of New York, and, by execution and delivery
      of
      this Credit Agreement, the Borrower hereby irrevocably accepts for itself and
      in
      respect of its property, generally and unconditionally, the jurisdiction of
      such
      courts. The Borrower further irrevocably consents to the service of process
      out
      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 for notices pursuant to Section 11.1, such service to
      become effective 30 days after such mailing. Nothing herein shall affect the
      right of a Lender to serve process in any other manner permitted by law or
      to
      commence legal proceedings or to otherwise proceed against the Borrower in
      any
      other jurisdiction.

    

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    (b) The
      Borrower hereby irrevocably waives any objection which it may now or hereafter
      have to the laying of venue of any of the aforesaid actions or proceedings
      arising out of or in connection with this Credit Agreement or any other Credit
      Document brought in the courts referred to in subsection (a) hereof and
      hereby further irrevocably waives and agrees not to plead or claim in any such
      court that any such action or proceeding brought in any such court has been
      brought in an inconvenient forum.

     

    11.12 Waiver
      of Jury Trial; Waiver of Consequential Damages.

     

    EACH
      OF
      THE PARTIES TO THIS CREDIT AGREEMENT HEREBY IRREVOCABLY WAIVES ALL RIGHT TO
      TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR
      RELATING TO THIS CREDIT AGREEMENT, ANY OF THE OTHER CREDIT DOCUMENTS OR THE
      TRANSACTIONS CONTEMPLATED HEREBY. The Borrower agrees not to assert any claim
      against the Agent, any Lender, any of their Affiliates, or any of their
      respective directors, officers, employees, attorneys or agents, on any theory
      of
      liability, for special, indirect, consequential or punitive damages arising
      out
      of or otherwise relating to any of the transactions contemplated hereby or
      by
      the other Credit Documents.

     

    11.13 Severability.

     

    If
      any
      provision of any of the Credit Documents is determined to be illegal, invalid
      or
      unenforceable, such provision shall be fully severable and the remaining
      provisions shall remain in full force and effect and shall be construed without
      giving effect to the illegal, invalid or unenforceable provisions.

     

    11.14 Further
      Assurances.

     

    The
      Borrower agrees, upon the request of the Agent, to promptly take such actions,
      as reasonably requested, as are necessary to carry out the intent of this Credit
      Agreement and the other Credit Documents.

     

    11.15 Entirety.

     

    This
      Credit Agreement together with the other Credit Documents represent the entire
      agreement of the parties hereto and thereto, and supersede all prior agreements
      and understandings, oral or written, if any, including any commitment letters
      or
      correspondence relating to the Credit Documents or the transactions contemplated
      herein and therein.

     

    11.16 Binding
      Effect; Continuing Agreement.

     

    (a) This
      Credit Agreement shall become effective at such time when all of the conditions
      set forth in Section 5.1 have been satisfied or waived by the Lenders and
      it shall have been executed by the Borrower, the Agent and the Lenders, and
      thereafter this Credit Agreement shall be binding upon and inure to the benefit
      of the Borrower, the Agent and each Lender and their respective successors
      and
      permitted assigns. Upon this Credit Agreement becoming effective, the Existing
      Credit Agreement shall be deemed terminated and the Credit Parties and the
      lenders party to the Existing Credit Agreement shall no longer have any
      obligations thereunder (other than those obligations in the Existing Credit
      Agreement that expressly survive termination thereof).

    

    DCP
      Midstream Operating, LP

    Amended
      and Restated Credit Agreement

     

    
      
         

      

      
        78

        
          

        

      

      
         

      

    

     

    (b) This
      Credit Agreement shall be a continuing agreement and shall remain in full force
      and effect until all Loans, LOC Obligations, interest, fees and other
      Obligations have been paid in full and all Commitments and Letters of Credit
      have been terminated. Upon such termination, the Borrower shall have no further
      obligations (other than those provisions that expressly survive the termination
      thereof) under the Credit Documents; provided,
      that
      should any payment, in whole or in part, of the Obligations be rescinded or
      otherwise required to be restored or returned by the Agent or any Lender,
      whether as a result of any proceedings in bankruptcy or reorganization or
      otherwise, then the Credit Documents shall automatically be reinstated and
      all
      amounts required to be restored or returned and all costs and expenses incurred
      by the Agent or any Lender in connection therewith shall be deemed included
      as
      part of the Obligations.

     

    11.17 Confidentiality;
      USA PATRIOT Act.

     

    (a) The
      Agent
      and each Lender will keep any information delivered or made available by the
      Borrower pursuant to this Credit Agreement confidential from anyone other than
      persons employed or retained by the Agent or such Lender and its Affiliates
      who
      are engaged in evaluating, approving, structuring or administering this Credit
      Agreement; provided,
      that
      the Agent and the Lenders shall be entitled to disclose such information (a)
      to
      any other Lender or to the Agent, (b) upon the order of any court or
      administrative agency, (c) upon the request or demand of any regulatory agency
      or authority, (d) which had been publicly disclosed other than as a result
      of a
      disclosure by the Agent or any Lender prohibited by this Agreement, (e) in
      connection with any litigation to which the Agent, any Lender or its
      subsidiaries or parent may be a party, (f) to the extent necessary in connection
      with the exercise of any remedy under this Agreement, (g) to such Lender's
      or
      Agent's legal counsel and independent auditors and (h) subject to provisions
      substantially similar to this Section 11.17, to any actual or proposed
      participant or assignee.

     

    (b) Each
      Lender hereby notifies the Borrower that pursuant to the requirements of the
      USA
      PATRIOT Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001))
      (the "Patriot Act"),
      it is
      required to obtain, verify and record information that identifies the Borrower,
      which information includes the name and address of the Borrower and other
      information that will allow such Lender to identify the Borrower in accordance
      with the Patriot Act.

     

    11.18 Acknowledgments.

     

    The
      Borrower and the other Credit Parties each hereby acknowledges
      that:

    

    (a) it
      has
      been advised by counsel in the negotiation, execution and delivery of each
      Credit Document;

    

    (b) neither
      the Agent nor any Lender has any fiduciary relationship with or duty to the
      Borrower or any other Credit Party arising out of or in connection with this
      Credit Agreement and the relationship between the Agent and the Lenders, on
      one
      hand, and the Borrower and the other Credit Parties, on the other hand, in
      connection herewith is solely that of debtor and creditor; and

    

    DCP
      Midstream Operating, LP

    Amended
      and Restated Credit Agreement

     

    
      
         

      

      
        79

        
          

        

      

      
         

      

    

    

    (c) no
      joint
      venture exists among the Lenders or among the Borrower or the other Credit
      Parties and the Lenders.

     

    SECTION
      12.

     

    GUARANTY

     

    12.1 The
      Guaranty.

     

    Each
      of
      the Guarantors hereby jointly and severally guarantees to each Lender, each
      Affiliate of a Lender that enters into a Credit Facility Swap Contract or a
      Treasury Management Agreement with a Credit Party, and the Agent as hereinafter
      provided, as primary obligor and not as surety, the prompt payment of the
      Obligations in full when due (whether at stated maturity, as a mandatory
      prepayment, by acceleration, as a mandatory cash collateralization or otherwise)
      strictly in accordance with the terms thereof. The Guarantors hereby further
      agree that if any of the Obligations are not paid in full when due (whether
      at
      stated maturity, as a mandatory prepayment, by acceleration, as a mandatory
      cash
      collateralization or otherwise), the Guarantors will, jointly and severally,
      promptly pay the same, without any demand or notice whatsoever, and that in
      the
      case of any extension of time of payment or renewal of any of the Obligations,
      the same will be promptly paid in full when due (whether at extended maturity,
      as a mandatory prepayment, by acceleration, as a mandatory cash
      collateralization or otherwise) in accordance with the terms of such extension
      or renewal.

    

    Notwithstanding
      any provision to the contrary contained herein or in any other of the Credit
      Documents, Credit Facility Swap Contracts or Treasury Management Agreements,
      the
      obligations of each Guarantor under
      this Agreement and the other Credit Documents shall
      be
      limited to an aggregate amount equal to the largest amount that would not render
      such obligations subject to avoidance under the Bankruptcy Code or any
      comparable provisions of any applicable state law.

    

    12.2 Obligations
      Unconditional.

     

    The
      obligations of the Guarantors under Section 12.1 are joint and several,
      absolute and unconditional, irrespective of the value, genuineness, validity,
      regularity or enforceability of any of the Credit Documents, Credit Facility
      Swap Contracts or Treasury Management Agreements, or any other agreement or
      instrument referred to therein, or any substitution, release, impairment or
      exchange of any other guarantee of or security for any of the Obligations,
      and,
      to the fullest extent permitted by applicable law, irrespective of any other
      circumstance whatsoever which might otherwise constitute a legal or equitable
      discharge or defense of a surety or guarantor, it being the intent of this
      Section 12.2 that the obligations of the Guarantors hereunder shall be
      absolute and unconditional under any and all circumstances. Each Guarantor
      agrees that such Guarantor shall have no right of subrogation, indemnity,
      reimbursement or contribution against either the Borrower or any other Guarantor
      for amounts paid under this Section 12 until such time as the Obligations have
      been paid in full and the Commitments have expired or terminated. Without
      limiting the generality of the foregoing, it is agreed that, to the fullest
      extent permitted by law, the occurrence of any one or more of the following
      shall not alter or impair the liability of any Guarantor hereunder, which shall
      remain absolute and unconditional as described above:

    

    (a) at
      any
      time or from time to time, without notice to any Guarantor, the time for any
      performance of or compliance with any of the Obligations shall be extended,
      or
      such performance or compliance shall be waived;

    

    DCP
      Midstream Operating, LP

    Amended
      and Restated Credit Agreement

     

    
      
         

      

      
        80

        
          

        

      

      
         

      

    

    

    (b) any
      of
      the acts mentioned in any of the provisions of any of the Credit Documents,
      any
      Credit Facility Swap Contract or Treasury Management Agreement between Credit
      Party and any Lender, or any Affiliate of a Lender, or any other agreement
      or
      instrument referred to in the Credit Documents, such Credit Facility Swap
      Contracts or such Treasury Management Agreements shall be done or
      omitted;

    

    (c) the
      maturity of any of the Obligations shall be accelerated, or any of the
      Obligations shall be modified, supplemented or amended in any respect, or any
      right under any of the Credit Documents, any Credit Facility Swap Contract
      or
      Treasury Management Agreement between any Credit Party and any Lender, or any
      Affiliate of a Lender, or any other agreement or instrument referred to in
      the
      Credit Documents, such Credit Facility Swap Contracts or such Treasury
      Management Agreements shall be waived or any other guarantee of any of the
      Obligations or any security therefor shall be released, impaired or exchanged
      in
      whole or in part or otherwise dealt with;

    

    (d) any
      Lien
      granted to, or in favor of, the Agent or any Lender or Lenders as security
      for
      any of the Obligations shall fail to attach or be perfected; or

    

    (e) any
      of
      the Obligations shall be determined to be void or voidable (including, without
      limitation, for the benefit of any creditor of any Guarantor) or shall be
      subordinated to the claims of any Person (including, without limitation, any
      creditor of any Guarantor).

    

    With
      respect to its obligations hereunder, each Guarantor hereby expressly waives
      diligence, presentment, demand of payment, protest and all notices whatsoever,
      and any requirement that the Agent or any Lender exhaust any right, power or
      remedy or proceed against any Person under any of the Credit Documents, any
      Credit Facility Swap Contract or any Treasury Management Agreement between
      any
      Credit Party and any Lender, or any Affiliate of a Lender, or any other
      agreement or instrument referred to in the Credit Documents, such Credit
      Facility Swap Contracts or such Treasury Management Agreements, or against
      any
      other Person under any other guarantee of, or security for, any of the
      Obligations.

    

    12.3 Reinstatement.

     

    The
      obligations of the Guarantors under this Section 12 shall be automatically
      reinstated if and to the extent that for any reason any payment by or on behalf
      of any Person in respect of the Obligations is rescinded or must be otherwise
      restored by any holder of any of the Obligations, whether as a result of any
      proceedings in bankruptcy or reorganization or otherwise, and each Guarantor
      agrees that it will indemnify the Agent and each Lender on demand for all
      reasonable costs and expenses (including, without limitation, the
      reasonable fees, charges and disbursements of counsel)
      incurred by the Agent or such Lender in connection with such rescission or
      restoration, including any such costs and expenses incurred in defending against
      any claim alleging that such payment constituted a preference, fraudulent
      transfer or similar payment under any bankruptcy, insolvency or similar
      law.

    

    12.4 Certain
      Additional Waivers.

     

    Each
      Guarantor further agrees that such Guarantor shall have no right of recourse
      to
      security for the Obligations, except through the exercise of rights of
      subrogation pursuant to Section 12.2 and through the exercise of rights of
      contribution pursuant to Section 12.6.

    

      DCP
        Midstream Operating, LP

      Amended
        and Restated Credit Agreement

       

    

    
      
         

      

      
        81

        
          

        

      

      
         

      

    

    

    12.5 Remedies.

     

    The
      Guarantors agree that, to the fullest extent permitted by law, as between the
      Guarantors, on the one hand, and the Agent and the Lenders, on the other hand,
      the Obligations may be declared to be forthwith due and payable as provided
      in
      Section 9.2 (and shall be deemed to have become automatically due and
      payable in the circumstances provided in said Section 9.2) for purposes of
      Section 12.1 notwithstanding any stay, injunction or other prohibition
      preventing such declaration (or preventing the Obligations from becoming
      automatically due and payable) as against any other Person and that, in the
      event of such declaration (or the Obligations being deemed to have become
      automatically due and payable), the Obligations (whether or not due and payable
      by any other Person) shall forthwith become due and payable by the Guarantors
      for purposes of Section 12.1. The
      Guarantors acknowledge and agree that their obligations hereunder are secured
      in
      accordance with the terms hereof and of the Collateral Documents and that the
      Lenders may exercise their remedies thereunder in accordance with the terms
      thereof.

    

    12.6 Rights
      of Contribution.

     

    The
      Guarantors agree among themselves that, in connection with payments made
      hereunder, each Guarantor shall have contribution rights against the other
      Guarantors as permitted under applicable law. Such contribution rights shall
      be
      subordinate and subject in right of payment to the obligations of such
      Guarantors under the Credit Documents and no Guarantor shall exercise such
      rights of contribution until all Obligations have been paid in full and the
      Commitments have terminated.

    

    12.7 Guarantee
      of Payment; Continuing Guarantee.

     

    The
      guarantee in this Section 12 is a guaranty of payment and not of
      collection, is a continuing guarantee, and shall apply to all Obligations
      whenever arising.

    

    DCP
      Midstream Operating, LP

    Amended
      and Restated Credit Agreement

     

    
      
         

      

      
        82

        
          

        

      

      
         

      

    

    Each
      of
      the parties hereto has caused a counterpart of this Credit Agreement to be
      duly
      executed and delivered as of the date first above written.

    
      	 	 	 
	BORROWER:  	DCP MIDSTREAM OPERATING,
              LP
	 
 	 
 	 
 
	
            	By:  	/s/ Thomas E. Long
	 	
              
Thomas
              E. Long
	 	Vice President and Chief Financial
              Officer

    

     

    
       

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
       

      
        	 	 	 
	GUARANTORS:  	DCP MIDSTREAM PARTNERS,
                LP
	 
 	 
 	 
 
	 	By:  	DCP Midstream GP, LP its
                General Partner 
	 	 	 
	 	By:  	DCP Midstream GP, LLC its
                General Partner 
	 	 	 
	 	 	 
	
              	By:  	/s/ Thomas E. Long
	 	
                
Thomas
                E. Long
	 	Vice President and Chief Financial
                Officer

      

       

      
        	 	 	 
	 	DCP MIDSTREAM OPERATING,
                LLC
	 
 	 
 	 
 
	
              	By:  	/s/ Thomas E. Long
	 	
                
Thomas
                E. Long
	 	Vice President and Chief Financial
                Officer

      

       

      
        
          	 	 	 
	 	DCP ASSETS HOLDING GP,
                  LLC
	 
 	 
 	 
 
	
                	By:  	/s/ Thomas E. Long
	 	
                  
Thomas
                  E. Long
	 	Vice President and Chief Financial
                  Officer

        

        
           

          
            	 	 	 
	 	DCP ASSETS HOLDING,
                    LP
	 	 	 
	 	By: 	DCP Assets Holding GP, LLC its
                    General Partner 
	 
 	 
 	 
 
	
                  	By:  	/s/ Thomas E. Long
	 	
                    
Thomas
                    E. Long
	 	Vice President and Chief Financial
                    Officer

          

          
             

            
              	 	 	 
	 	DCP BLACK LAKE HOLDING,
                      LP
	 	 	 
	 	By:  	DCP Assets Holding GP, LLC its
                      General Partner 
	 
 	 
 	 
 
	
                    	By:  	/s/ Thomas E. Long
	 	
                      
Thomas
                      E. Long
	 	Vice President and Chief Financial
                      Officer

            

             

        

      

    

    

    DCP
      Midstream Operating, LP

    Amended
      and Restated Credit Agreement

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    
       

      
        	 	 	 
	 	ASSOCIATED LOUISIANA INTRASTATE
                PIPE
                LINE, LLC
	 
 	 
 	 
 
	
              	By:  	/s/ Thomas E. Long
	 	
                
Thomas
                E. Long
	 	Vice President and Chief Financial
                Officer

      

      
         

        
          	 	 	 
	 	DCP INTRASTATE PIPELINE,
                  LLC
	 
 	 
 	 
 
	
                	By:  	/s/ Thomas E. Long
	 	
                  
Thomas
                  E. Long
	 	Vice President and Chief Financial
                  Officer

        

        
           

          
            	 	 	 
	 	PELICO PIPELINE,
                    LLC
	 
 	 
 	 
 
	
                  	By:  	/s/ Thomas E. Long
	 	
                    
Thomas
                    E. Long
	 	Vice President and Chief Financial
                    Officer

          

          
             

            
              	 	 	 
	 	GAS SUPPLY RESOURCES
                      LLC
	 
 	 
 	 
 
	
                    	By:  	/s/ Thomas E. Long
	 	
                      
Thomas
                      E. Long
	 	Vice President and Chief Financial
                      Officer

            

            
               

              
                	 	 	 
	 	GSRI TRANSPORTATION
                        LLC
	 
 	 
 	 
 
	
                      	By:  	/s/ Thomas E. Long
	 	
                        
Thomas
                        E. Long
	 	Vice President and Chief Financial
                        Officer

              

              
                 

                
                  	 	 	 
	 	WILBREEZE PIPELINE,
                          LP
	 
 	 
 	 
 
	
                        	By:  	/s/ Thomas E. Long
	 	
                          
Thomas
                          E. Long
	 	Vice President and Chief Financial
                          Officer

                

                 

              

            

          

        

      

    

    
      
        DCP
          Midstream Operating, LP

        Amended
          and Restated Credit Agreement

           

          
            
              
                 

              

              
                3

                
                  

                

              

              
                 

              

               

            

          

        

      

    

    
       

      
        	 	 	 
	 	DCP LINDSAY, LLC
	 
 	 
 	 
 
	
              	By:  	/s/ Thomas E. Long
	 	
                
Thomas
                E. Long
	 	Vice President and Chief Financial
                Officer

      

      
         

        
          	 	 	 
	 	DCP MIDSTREAM FINANCE
                  CORP.
	 
 	 
 	 
 
	
                	By:  	/s/ Thomas E. Long
	 	
                  
Thomas
                  E. Long
	 	Vice President and Chief Financial
                  Officer

        

        
 

      

      DCP
        Midstream Operating, LP

      Amended
        and Restated Credit Agreement

       

    

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

     

    
      LENDERS: 

    

    
      	 	 	 
	 	
              WACHOVIA
                BANK, NATIONAL ASSOCIATION,
                as Agent and as a Lender

            
	 
 	 
 	 
 
	
            	By:  	
              /s/
                Lawrence P. Sullivan

            
	 	
              

              Name:
                Lawrence
                P. Sullivan

            
	 	
              Title:
                Managing
                Director

            

    

     

    
      
        DCP
          Midstream Operating, LP

        Amended
          and Restated Credit Agreement

           

          
            
              
                 

              

              
                5

                
                  

                

              

              
                 

              

               

            

          

        

      

    

    
       

      
        	 	 	 
	 	
                SUNTRUST
                  BANK, as
                  a Lender

              
	 
 	 
 	 
 
	
              	By:  	
                /s/
                  Carmen J. Malizia

              
	 	
                

                Name: Carmen
                  J. Malizia

              
	 	
                Title: Vice
                  President

              

      

       

    

    
      
        
          DCP
            Midstream Operating, LP

          Amended
            and Restated Credit Agreement

             

            
              
                
                   

                

                
                  6

                  
                    

                  

                

                
                   

                

                 

              

            

          

        

      

    

     

    
      
        	 	 	 
	 	
                CITIBANK,
                  N.A., as
                  a Lender

              
	 
 	 
 	 
 
	
              	By:  	
                /s/
                  Amy Pineu

              
	 	
                

                Name: Amy
                  Pineu

              
	 	
                Title: Attorny-in-Fact

              

      

       

    

    
      DCP
        Midstream Operating, LP

      Amended
        and Restated Credit Agreement

         

        
          
            
               

            

            
              7

              
                

              

            

            
               

            

             

          

        

      

    

    
       

      
        	 	 	 
	 	
                UBS
                  LOAN FINANCE LLC, as
                  a Lender

              
	 
 	 
 	 
 
	
              	By:  	
                /s/
                  Richard L. Tavrow

              
	 	
                

                Name: Richard
                  L. Tavrow

              
	 	Title: Director

      

      
         

        
          	 	 	 
	
                	By:  	
                  /s/
                    David B. Julie

                
	 	
                  

                  Name: David
                    B. Julie

                
	 	Title: Associate
                  Director

        

         

      

      DCP
        Midstream Operating, LP

      Amended
        and Restated Credit Agreement

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

    
       

      
        	 	 	 
	 	
                KEY
                  BANK, NATIONAL ASSOCIATION, as
                  a Lender

              
	 
 	 
 	 
 
	
              	By:  	
                /s/
                  Keven D. Smith

              
	 	
                

                Name: Keven
                  D. Smith

              
	 	
                Title: Senior
                  Vice President

              

      

       

    

    
      DCP
        Midstream Operating, LP

      Amended
        and Restated Credit Agreement

         

        
          
            
               

            

            
              9

              
                

              

            

            
               

            

             

          

        

      

    

    
       

      
        	 	 	 
	 	
                LEHMAN BROTHERS
                  BANK, FSB, as
                  a Lender

              
	 
 	 
 	 
 
	
              	By:  	
                /s/
                  Janine M. Shugan

              
	 	
                

                Name: Janine
                  M. Shugan

              
	 	
                Title: Authorized
                  Signatory

              

      

      
         

      

    

    
      DCP
        Midstream Operating, LP

      Amended
        and Restated Credit Agreement

         

        
          
            
               

            

            
              10

              
                

              

            

            
               

            

             

          

        

      

    

    
       

      
        	 	 	 
	 	
                THE
                  ROYAL BANK OF SCOTLAND PLC, as
                  a Lender

              
	 
 	 
 	 
 
	
              	By:  	
                /s/
                  Patricia Dundee

              
	 	
                

                Name: Patricia
                  Dundee

              
	 	
                Title: Managing
                  Director

              

      

       

    

    
      DCP
        Midstream Operating, LP

      Amended
        and Restated Credit Agreement

         

        
          
            
               

            

            
              11

              
                

              

            

            
               

            

             

          

        

      

    

     

    
      	 	 	 
	 	
              JPMORGAN
                CHASE BANK, N.A., as
                a Lender

            
	 
 	 
 	 
 
	
            	By:  	
              /s/
                Tara Narasiman

            
	 	
              

              Name: Tare
                Narasiman

            
	 	
              Title: Associate

            

    

     

    
      DCP
        Midstream Operating, LP

      Amended
        and Restated Credit Agreement

    

     

    
      
         

      

      
        12

        
          

        

      

      
         

      

    

    
       

      
        	 	 	 
	 	
                BANK
                  OF TOKYO-MITSUBISHI UFJ TRUST COMPANY, as
                  a Lender

              
	 
 	 
 	 
 
	
              	By:  	
                /s/
                  A. Reiter

              
	 	
                

                Name: A.
                  Reiter

              
	 	
                Title: Authorized
                  Signatory

              

      

       

    

    
      DCP
        Midstream Operating, LP

      Amended
        and Restated Credit Agreement

         

        
          
            
               

            

            
              13

              
                

              

            

            
               

            

             

          

        

      

    

    
       

      
        	 	 	 
	 	
                WELLS
                  FARGO BANK, N.A., as
                  a Lender

              
	 
 	 
 	 
 
	
              	By:  	
                /s/
                  Guy Evangelista

              
	 	
                

                Name: Guy
                  Evangelista

              
	 	
                Title: Vice
                  President

              

      

       

    

    
      
        
          DCP
            Midstream Operating, LP

          Amended
            and Restated Credit Agreement

             

            
              
                
                   

                

                
                  14

                  
                    

                  

                

                
                   

                

                 

              

            

          

         

      

      
        	 	 	 
	 	
                BANK
                  OF AMERICA, N.A., as
                  a Lender

              
	 
 	 
 	 
 
	
              	By:  	
                /s/
                  Gabe Gomez

              
	 	
                

                Name: Gabe
                  Gomez

              
	 	
                Title: Vice
                  President

              

      

       

    

    
      DCP
        Midstream Operating, LP

      Amended
        and Restated Credit Agreement

         

        
          
            
               

            

            
              15

              
                

              

            

            
               

            

             

          

        

      

       

    

    
      	 	 	 
	 	
              BARCLAYS
                BANK PLC, as
                a Lender

            
	 
 	 
 	 
 
	
            	By:  	
              /s/
                Esther Carr

            
	 	
              

              Name: Esther
                Carr

            
	 	
              Title: Manager

            

    

     

    

      DCP
        Midstream Operating, LP

      Amended
        and Restated Credit Agreement

    

     

    
      
         

      

      
        16

        
          

        

      

      
         

      

    

    
       

      
        	 	 	 
	 	
                CREDIT
                  SUISSE, Cayman Islands Branch as
                  a Lender

              
	 
 	 
 	 
 
	
              	By:  	
                /s/
                  Thomas Cantello

              
	 	
                

                Name: Thomas
                  Cantello

              
	 	
                Title: Director

              

      

      
         

        
          	 	 	 
	
                	By:  	
                  /s/
                    Shaheen Malik

                
	 	
                  

                  Name: Shaheen
                    Malik

                
	 	
                  Title: Associate

                

        

         

      

    

    DCP
      Midstream Operating, LP

    Amended
      and Restated Credit Agreement

    
       

      
        
          
             

          

          
            17

            
              

            

          

          
             

          

           

        

      

    

     

    
      	 	 	 
	 	
              MERRILL
                LYNCH BANK USA, as
                a Lender

            
	 
 	 
 	 
 
	
            	By:  	
              /s/
                Louis Alder

            
	 	
              

              Name: Louis
                Alder

            
	 	
              Title: Director

            

    

     

    
      DCP
        Midstream Operating, LP

      Amended
        and Restated Credit Agreement

    

     

    
      
         

      

      
        18

        
          

        

      

      
         

      

    

    
       

      
        	 	 	 
	 	
                BANK
                  HAPOALIM B.M., as
                  a Lender

              
	 
 	 
 	 
 
	
              	By:  	
                /s/
                  Helen H. Gateson

              
	 	
                

                Name: Helen
                  H. Gateson

              
	 	
                Title: Vice
                  President

              

      

      
         

        
          	 	 	 
	
                	By:  	
                  /s/
                    Charles McLaughlin

                
	 	
                  

                  Name: Charles
                    McLaughlin

                
	 	
                  Title: Senior
                    Vice President

                

        

         

      

    

    
      DCP
        Midstream Operating, LP

      Amended
        and Restated Credit Agreement

    

     

    
      
         

      

      
        19

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