Document:

exv4w3

Exhibit 4.3

Execution Version

 

 

 

REGISTRATION RIGHTS AGREEMENT

Dated as of April 1, 2011

Among

CRESTWOOD MIDSTREAM PARTNERS LP,

CRESTWOOD MIDSTREAM FINANCE CORPORATION,

THE GUARANTORS LISTED ON SCHEDULE I HERETO

and

UBS SECURITIES LLC,

BNP PARIBAS SECURITIES CORP.,

RBC CAPITAL MARKETS, LLC,

and

RBS SECURITIES INC.

as the Initial Purchasers

7.75% Senior Notes due 2019

 

 

 

 

TABLE OF CONTENTS

	 	 	 	 	 	 	 

	1.

	 	Definitions
	 	 	3	 
	2.

	 	Exchange Offer
	 	 	7	 
	3.

	 	Shelf Registration
	 	 	10	 
	4.

	 	Special Interest
	 	 	12	 
	5.

	 	Registration Procedures
	 	 	13	 
	6.

	 	Registration Expenses
	 	 	20	 
	7.

	 	Indemnification And Contribution
	 	 	21	 
	8.

	 	Rule 144A
	 	 	25	 
	9.

	 	Underwritten Registrations
	 	 	25	 
	10.

	 	Miscellaneous
	 	 	25	 

 

 

REGISTRATION RIGHTS AGREEMENT

     This Registration Rights Agreement (this “Agreement”) is dated as of April 1, 2011, among
Crestwood Midstream Partners LP, a limited partnership organized under the laws of Delaware (the
“Company”), Crestwood Midstream Finance Corporation, a Delaware corporation (together with the
Company, the “Issuers”), the guarantors listed on Schedule I hereto (the “Guarantors”) and UBS
Securities LLC, BNP Paribas Securities Corp., RBC Capital Markets, LLC and RBS Securities Inc., as
the initial purchasers (the “Initial Purchasers”).

     This Agreement is entered into in connection with the Purchase Agreement, dated as of March
25, 2011 (the “Purchase Agreement”), by and among the Issuers, the Guarantors and the Initial
Purchasers, which provides for, among other things, the sale by the Issuers to the Initial
Purchasers of $200,000,000 aggregate principal amount of the Issuers’ 7.75% Senior Notes due 2019
(the “Notes”). The Notes are issued under an indenture, dated as of the date hereof (as amended or
supplemented from time to time, the “Indenture”), among the Issuers, the Guarantors and The Bank of
New York Mellon Trust Company, N.A. as trustee (the “Trustee”). Pursuant to the Purchase Agreement
and the Indenture, the Guarantors are required to guarantee (collectively, the “Guarantees”) the
Issuers’ obligations under the Notes and the Indenture. References to the “Securities” shall mean,
collectively, the Notes and, when issued, the Guarantees. In order to induce the Initial Purchasers
to enter into the Purchase Agreement, the Issuers have agreed to provide the registration rights
set forth in this Agreement for the benefit of the Initial Purchasers and any subsequent holder or
holders of the Securities. The execution and delivery of this Agreement is a condition to the
Initial Purchasers’ obligations under the Purchase Agreement.

The parties hereby agree as follows:

          1. DEFINITIONS

     As used in this Agreement, the following terms shall have the following meanings:

     Advice: See the last paragraph of Section 5 hereof.

     Agreement: See the introductory paragraphs hereto.

     Applicable Period: See Section 2(b) hereof.

     Business Day: Shall have the meaning ascribed to such term in Rule 14d-1 under the
Exchange Act.

     Company: See the introductory paragraphs hereto.

     Effectiveness
Date: With respect to any Shelf Registration Statement, the 30th day
after the Filing Date with respect thereto; provided, however, that if the Effectiveness Date would

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otherwise fall on a day that is not a Business Day, then the Effectiveness Date shall be the
next succeeding Business Day.

     Effectiveness Period: See Section 3(a) hereof.

     Event Date: See Section 4(b) hereof.

     Exchange Act: The Securities Exchange Act of 1934, as amended, and the rules and
regulations of the SEC promulgated thereunder.

     Exchange Date: See Section 2(a) hereof.

     Exchange Notes: See Section 2(a) hereof.

     Exchange Offer: See Section 2(a) hereof.

     Exchange Offer Registration Statement: See Section 2(a) hereof.

     Exchange Securities: See Section 2(a) hereof.

     Filing Date: The 30th day after the delivery of a Shelf Notice as required pursuant to
Section 2(c) hereof but no earlier than the 451st day after the Issue Date; provided, however, that
if the Filing Date would otherwise fall on a day that is not a Business Day, then the Filing Date
shall be the next succeeding Business Day.

     FINRA: See Section 5(r) hereof.

     Freely
Tradable: With respect to a Security, a Security that at any time of
determination (i) may be sold to the public in accordance with Rule 144 by a person that is not an
“affiliate” (as defined in Rule 144 under the Securities Act) of the Issuers where no conditions of
Rule 144 are then applicable (other than the holding period requirement in paragraph (d) of Rule
144 so long as such holding period requirement is satisfied at such time of determination), (ii)
with respect to which the Issuers have enabled the applicable Holders that are not affiliates to
have any restrictive legends relating to the Securities Act removed and (iii) bears an unrestricted
CUSIP number.

     Guarantees: See the introductory paragraphs hereto.

     Guarantors: See the introductory paragraphs hereto.

     Holder: Any holder of a Registrable Security or Registrable Securities.

     Indenture: See the introductory paragraphs hereto.

     Information: See Section 5(n) hereof.

     Initial Purchasers: See the introductory paragraphs hereto.

     Initial Shelf Registration: See Section 3(a) hereof.

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     Inspectors: See Section 5(n) hereof.

     Issue Date: April 1, 2011, the date of original issuance of the Notes.

     Issuers: See the introductory paragraphs hereto.

     New Guarantees: See Section 2(a) hereof.

     Notes: See the introductory paragraphs hereto.

     Participant: See Section 7(a) hereof.

     Participating Broker-Dealer: See Section 2(b) hereof.

     Person: An individual, trustee, corporation, partnership, limited liability company,
joint stock company, trust, unincorporated association, union, business association, firm or other
legal entity.

     Private Exchange: See Section 2(b) hereof.

     Private Exchange Notes: See Section 2(b) hereof.

     Prospectus: The prospectus included in any Registration Statement (including, without
limitation, any prospectus subject to completion and a prospectus that includes any information
previously omitted from a prospectus filed as part of an effective registration statement in
reliance upon Rule 430A under the Securities Act and any term sheet filed pursuant to Rule 433
under the Securities Act), as amended or supplemented by any prospectus supplement, and all other
amendments and supplements to the Prospectus, including post-effective amendments, and all
materials incorporated by reference or deemed to be incorporated by reference in such Prospectus.

     Purchase Agreement: See the introductory paragraphs hereto.

     Records: See Section 5(n) hereof.

     Registrable Securities: Each Security upon its original issuance and at all times
subsequent thereto, each Exchange Security as to which Section 2(c)(3)(B)(ii) hereof is applicable
upon original issuance and at all times subsequent thereto and each Private Exchange Note (and the
related Guarantees) upon original issuance thereof and at all times subsequent thereto, until, in
each case, the earliest to occur of (i) a Registration Statement (other than, with respect to any
Exchange Securities as to which Section 2(c)(3)(B)(ii) hereof is applicable, the Exchange Offer
Registration Statement) covering such Security, Exchange Security or Private Exchange Note (and the
related Guarantees) has been declared effective by the SEC and such Security, Exchange Security or
such Private Exchange Note (and the related Guarantees), as the case may be, has been disposed of
in accordance with such effective Registration Statement, (ii) such Security has been
exchanged pursuant to the Exchange Offer for an Exchange Security or Exchange Securities that may
be resold without restriction under state and federal securities laws, (iii) such Security,
Exchange Security or Private Exchange Note (and the related

5

 

Guarantees), as the case may be, ceases to be outstanding for purposes of the Indenture or
(iv) the date on which such Security, Exchange Security or Private Exchange Note (and the related
Guarantees), as the case may be, is Freely Tradeable.

     Registration Default: See Section 4(a) hereof.

     Registration Statement: Any registration statement of the Issuers that covers any of
the Securities, the Exchange Securities or the Private Exchange Notes (and the related guarantees)
filed with the SEC under the Securities Act, including, in each case, the Prospectus, amendments
and supplements to such registration statement, including post-effective amendments, all exhibits,
and all material incorporated by reference or deemed to be incorporated by reference in such
registration statement.

     Rule 144: Rule 144 (as amended or replaced) under the Securities Act.

     Rule 144A: Rule 144A (as amended or replaced) under the Securities Act.

     Rule 405: Rule 405 (as amended or replaced) under the Securities Act.

     Rule 415: Rule 415 (as amended or replaced) under the Securities Act.

     Rule 424: Rule 424 (as amended or replaced) under the Securities Act.

     SEC: The U.S. Securities and Exchange Commission.

     Securities: See the introductory paragraphs hereto.

     Securities Act: The Securities Act of 1933, as amended, and the rules and regulations
of the SEC promulgated thereunder.

     Shelf Notice: See Section 2(c) hereof.

     Shelf Registration: See Section 3(b) hereof.

     Shelf Registration Statement: Any Registration Statement relating to a Shelf
Registration.

     Shelf Suspension Period: See Section 3(a) hereof.

     Special Interest: See Section 4(a) hereof.

     Subsequent Shelf Registration: See Section 3(b) hereof.

     TIA: The Trust Indenture Act of 1939, as amended.

     Trustee: The trustee under the Indenture and the trustee under any indenture (if
different) governing the Exchange Securities and Private Exchange Notes (and the related
Guarantees).

     Underwritten registration or underwritten offering: A registration in which securities
of the Issuers are sold to an underwriter for reoffering to the public. Except as otherwise

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specifically provided, all references in this Agreement to acts, laws, statutes, rules,
regulations, releases, forms, no-action letters and other regulatory requirements (collectively,
the “Regulatory Requirements”) shall be deemed to refer also to any amendments thereto and all
subsequent Regulatory Requirements adopted as a replacement thereto having substantially the same
effect therewith; provided that Rule 144 shall not be deemed to amend or replace Rule 144A.

          2. Exchange Offer

     (a) Unless the Exchange Offer would violate applicable law or any applicable interpretation of
the staff of the SEC, or there are no Registrable Securities outstanding, the Issuers shall use
their commercially reasonable efforts to file with the SEC a Registration Statement (the “Exchange
Offer Registration Statement”) on an appropriate registration form with respect to a registered
offer (the “Exchange Offer”) to exchange any and all of the Registrable Securities for a like
aggregate principal amount of debt securities of the Issuers (the “Exchange Notes”), guaranteed, to
the extent applicable, on an senior basis by the Guarantors (the “New Guarantees” and, together
with the Exchange Notes, the “Exchange Securities”), that are identical in all material respects to
the Notes, as applicable, except that (i) the Exchange Notes shall contain no restrictive legend
thereon, (ii) interest thereon shall accrue from the last date on which interest was paid on such
Notes or, if no such interest has been paid, from the Issue Date and (iii) the Exchange Securities
shall be entitled to the benefits of an indenture or a trust indenture which is identical in all
material respects to the Indenture (other than such changes to the Indenture or any such identical
trust indenture as are necessary to comply with the TIA) and which, in either case, has been
qualified under the TIA. The Exchange Offer shall comply with all applicable tender offer rules and
regulations under the Exchange Act and other applicable laws. The Issuers shall use their
commercially reasonable efforts to (x) prepare and file with the SEC the Exchange Offer
Registration Statement with respect to the Exchange Offer; (y) keep the Exchange Offer open for at
least 20 Business Days (or longer if required by applicable law) after the date that notice of the
Exchange Offer is mailed to Holders; and (z) consummate the Exchange Offer not later than 400 days
following the Issue Date (or if such 400th day is not a Business Day, the next succeeding Business
Day) (the “Exchange Date”); provided, however, that the Issuers shall not be required to file,
commence or consummate such Exchange Offer if all of the Securities held by Holders eligible to
participate in such Exchange Offer are Freely Tradable on or before the Exchange Date.

     Each Holder (including, without limitation, each Participating Broker-Dealer) that
participates in the Exchange Offer, as a condition to participation in the Exchange Offer, will be
required to represent to the Issuers in writing (which may be contained in the applicable letter of
transmittal) that: (i) any Exchange Securities acquired in exchange for Registrable Securities
tendered are being acquired in the ordinary course of business of the Person receiving such
Exchange Securities, whether or not such recipient is such Holder itself; (ii) at the time of the
commencement or consummation of the Exchange Offer neither such Holder nor, to the actual knowledge
of such Holder, any other Person receiving Exchange Securities from such Holder has an arrangement
or understanding with any Person to participate in the distribution (within the meaning of the
Securities Act) of the Exchange Securities in violation of the Securities Act; (iii) neither the
Holder nor, to the actual knowledge of such Holder, any other Person receiving Exchange Securities
from such Holder is or has been an “affiliate” (as defined in Rule 405) of the Issuers or, if it is
an affiliate of the Issuers, it will comply with the registration and prospectus

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delivery requirements of the Securities Act to the extent applicable and will provide
information to be included in the Shelf Registration Statement in accordance with Section 5 hereof
in order to have their Securities included in the Shelf Registration Statement and benefit from the
provisions regarding Special Interest in Section 4 hereof; (iv) if such Holder is not a
broker-dealer, neither such Holder nor, to the actual knowledge of such Holder, any other Person
receiving Exchange Securities from such Holder is engaging or intends to engage in a distribution
of the Exchange Securities; and (v) if such Holder is a Participating Broker-Dealer, such Holder
has acquired the Registrable Securities for its own account in exchange for Securities that were
acquired as a result of trading activities and that it will comply with the applicable provisions
of the Securities Act (including, but not limited to, the prospectus delivery requirements
thereunder).

     Upon consummation of the Exchange Offer in accordance with this Section 2, the provisions of
this Agreement shall continue to apply, mutatis mutandis, solely with respect to Registrable
Securities that are Private Exchange Notes (and the related Guarantees), Exchange Securities as to
which Section 2(c)(3)(B)(ii) is applicable and Exchange Securities held by the Participating
Broker-Dealers, and the Issuers shall have no further obligation to register Registrable Securities
(other than Private Exchange Notes (and the related Guarantees) and Exchange Securities as to which
clause 2(c)(3)(B)(ii) hereof applies) pursuant to Section 3 hereof.

     No securities other than the Exchange Securities shall be included in the Exchange Offer
Registration Statement.

     (b) The Issuers shall include within the Prospectus contained in the Exchange Offer
Registration Statement a section entitled “Plan of Distribution,” which shall contain a summary
statement of the positions taken or policies made by the staff of the SEC with respect to the
potential “underwriter” status of any broker-dealer that is the “beneficial owner” (as defined in
Rule 13d-3 under the Exchange Act) of Exchange Notes received by such broker-dealer in the Exchange
Offer (a “Participating Broker-Dealer”), whether such positions or policies have been publicly
disseminated by the staff of the SEC or such positions or policies represent the prevailing views
of the staff of the SEC. Such “Plan of Distribution” section shall also expressly permit, to the
extent permitted by applicable policies and regulations of the SEC, the use of the Prospectus by
all Participating Broker-Dealers, and include a statement describing the means by which
Participating Broker-Dealers may resell the Exchange Securities in compliance with the Securities
Act.

     The Issuers shall use their commercially reasonable efforts to keep the Exchange Offer
Registration Statement effective and to amend and supplement the Prospectus contained therein in
order to permit such Prospectus to be lawfully delivered by all Persons (including Participating
Broker-Dealers) subject to the prospectus delivery requirements of the Securities Act for such
period of time as is necessary to comply with applicable law in connection with any resale of the
Exchange Securities; provided, however, that such period shall not be required to exceed 90 days,
or such longer period if extended pursuant to the last paragraph of Section 5 hereof (the
“Applicable Period”).

     If, prior to consummation of the Exchange Offer, the Initial Purchasers hold any Notes
acquired by them that have the status of an unsold allotment in the initial distribution, the
Issuers,

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upon the request of the Initial Purchasers, shall simultaneously with the delivery of the
Exchange Notes issue and deliver to the Initial Purchasers, in exchange (the “Private Exchange”)
for such Notes held by any such Holder, a like principal amount of notes (the “Private Exchange
Notes”) of the Issuers, guaranteed by the Guarantors, that are identical in all material respects
to the Exchange Notes except for the placement of a restrictive legend on such Private Exchange
Notes. The Private Exchange Notes shall be issued pursuant to the same indenture as the Exchange
Notes and bear the same CUSIP number as the Exchange Notes if permitted by the CUSIP Service
Bureau.

     In connection with the Exchange Offer, the Issuers will

     (1) mail, or cause to be mailed, to each Holder of record entitled to participate in the
Exchange Offer a copy of the Prospectus forming part of the Exchange Offer Registration Statement,
together with an appropriate letter of transmittal and related documents;

     (2) use its respective commercially reasonable efforts to keep the Exchange Offer open for not
less than 20 Business Days from the date that notice of the Exchange Offer is mailed to Holders (or
longer if required by applicable law);

     (3) utilize the services of a depositary for the Exchange Offer with an address in the Borough
of Manhattan, The City of New York or in Wilmington, Delaware, which may be the Trustee or an
affiliate thereof;

     (4) permit Holders to withdraw tendered Notes at any time prior to the close of business, New
York time, on the last Business Day on which the Exchange Offer remains open; and

     (5) otherwise comply in all material respects with all laws, rules and regulations applicable
to the Exchange Offer.

     As soon as practicable after the close of the Exchange Offer and any Private Exchange the
Issuers shall:

     (1) accept for exchange all Registrable Securities validly tendered and not validly withdrawn
pursuant to the Exchange Offer and any Private Exchange;

     (2) deliver to the Trustee for cancellation all Registrable Securities so accepted for
exchange; and

     (3) cause the Trustee to authenticate and deliver promptly to each Holder of Notes, Exchange
Notes or Private Exchange Notes, as the case may be, equal in principal amount to the Notes of such
Holder so accepted for exchange; provided that, in the case of any Notes held in global form by a
depositary, authentication and delivery to such depositary of one or more replacement Notes in
global form in an equivalent principal amount thereto for the account of such Holders in accordance
with the Indenture shall satisfy such authentication and delivery requirement.

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     The Exchange Offer and the Private Exchange shall not be subject to any conditions, other than
that (i) the Exchange Offer or Private Exchange, as the case may be, does not violate applicable
law or any applicable interpretation of the staff of the SEC; (ii) no action or proceeding shall
have been instituted or threatened in any court or by any governmental agency which might
materially impair the ability of the Issuers to proceed with the Exchange Offer or the Private
Exchange, and no material adverse development shall have occurred in any existing action or
proceeding with respect to the Issuers; and (iii) all governmental approvals shall have been
obtained, which approvals the Issuers deem necessary for the consummation of the Exchange Offer or
Private Exchange.

     The Exchange Securities and the Private Exchange Notes (and related guarantees) shall be
issued under (i) the Indenture or (ii) an indenture identical in all material respects to the
Indenture and which, in either case, has been qualified under the TIA or is exempt from such
qualification and shall provide that the Exchange Securities shall not be subject to the transfer
restrictions set forth in the Indenture. The Indenture or such indenture shall provide that the
Exchange Notes, the Private Exchange Notes and the Notes shall vote and consent together on all
matters as one class and that none of the Exchange Notes, the Private Exchange Notes or the Notes
will have the right to vote or consent as a separate class on any matter.

     (c) If (1) because of any change in law or in currently prevailing interpretations of the
staff of the SEC, the Issuers are not permitted to effect the Exchange Offer, (2) the Exchange
Offer is not consummated by the Exchange Date and all Securities are not Freely Tradeable prior to
such time or (3) at any time prior to the Exchange Date: (A) the Initial Purchasers request from
the Issuers with respect to Registrable Securities held by them that are not eligible to
participate or be exchanged for Exchange Securities in the Exchange Offer, (B) with respect to any
Holder of Registrable Securities, such Holder notifies the Issuers that (i) such Holder is
prohibited by applicable law or SEC policy from participating in the Exchange Offer, (ii) such
Holder may not resell the Exchange Securities acquired by it in the Exchange Offer to the public
without delivering a prospectus and that the Prospectus contained in the Registration Statement is
not appropriate or available for such resales by such Holder, or (iii) such Holder is a
broker-dealer and holds Registrable Securities acquired directly from the Issuers or one of their
affiliates or (C) in the case of any Initial Purchaser, such Initial Purchaser notifies the Issuers
it will not receive Freely Tradable Exchange Securities in exchange for Registrable Securities
constituting any portion of such Initial Purchaser’s unsold allotment, then, in the case of each of
clauses (1) through (3) of this sentence, the Issuers shall promptly deliver to the Trustee with a
copy to the registrar (to deliver to the Holders) written notice thereof (the “Shelf Notice”) and
shall file a Shelf Registration pursuant to Section 3 hereof.

     (d) Notwithstanding anything in this Section 2 to the contrary, the requirements to file and
the requirements to consummate the Exchange Offer pursuant to this Section 2 shall terminate at
such time as all the Securities held by Holders eligible to participate in any such Exchange Offer
are Freely Tradable.

          3. Shelf Registration

     If at any time a Shelf Notice is delivered as contemplated by Section 2(c) hereof, then:

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     (a) Shelf Registration. The Issuers shall use their commercially reasonable efforts
to file with the SEC a Registration Statement for an offering to be made on a continuous basis
pursuant to Rule 415 covering all of the Registrable Securities (the “Initial Shelf Registration”)
within 30 days of the Shelf Notice but no earlier than 45 days after the Issue Date. The Initial
Shelf Registration shall be on any appropriate form permitting registration of such Registrable
Securities for resale by Holders in the manner or manners designated by them (including, without
limitation, one or more underwritten offerings). The Issuers shall not permit any securities other
than the Registrable Securities and the Guarantees to be included in the Initial Shelf Registration
or any Subsequent Shelf Registration (as defined below).

     The Issuers shall use their commercially reasonable efforts to cause the Shelf Registration to
be declared effective under the Securities Act on or prior to the Effectiveness Date and to keep
the Initial Shelf Registration continuously effective under the Securities Act from the date on
which the Shelf Registration is declared effective by the SEC until the expiration of the one-year
period referred to in Rule 144 applicable to securities held by non-affiliates under the Securities
Act (or shorter period that will terminate when all the Registrable Securities covered by such
Shelf Registration have been sold pursuant to such Shelf Registration or are Freely Tradable (the
“Effectiveness Period”); provided, however, that the Effectiveness Period in respect of the Initial
Shelf Registration shall be extended to the extent required to permit dealers to comply with the
applicable prospectus delivery requirements of Rule 174 under the Securities Act and as otherwise
provided herein. Notwithstanding anything to the contrary in this Agreement, at any time, the
Issuers may delay the filing of any Initial Shelf Registration Statement or delay or suspend the
effectiveness thereof, for a reasonable period of time, but not in excess of 60 consecutive days or
more than one (1) time during any calendar year (each, a “Shelf Suspension Period”), if the board
of directors or applicable governing body of the Issuers determines reasonably and in good faith
that the filing of any such Initial Shelf Registration Statement or the continuing effectiveness
thereof would require the disclosure of non-public material information that, in the reasonable
judgment of the board of directors or applicable governing body of the Issuers, would be
detrimental to the Issuers if so disclosed or would otherwise materially adversely affect a
financing, acquisition, disposition, merger or other material transaction or if such action is
required by applicable law.

     (b) Withdrawal of Stop Orders; Subsequent Shelf Registrations. If the Initial Shelf
Registration or any Subsequent Shelf Registration ceases to be effective for any reason at any time
during the Effectiveness Period (other than because of the sale of all of the Securities registered
thereunder), the Issuers shall use their commercially reasonable efforts to obtain the prompt
withdrawal of any order suspending the effectiveness thereof, and in any event shall file an
additional Shelf Registration Statement pursuant to Rule 415 covering all of the Registrable
Securities covered by and not sold under the Initial Shelf Registration or an earlier Subsequent
Shelf Registration (each, a “Subsequent Shelf Registration”). If a Subsequent Shelf Registration
is filed, the Issuers shall use their commercially reasonable efforts to cause the Subsequent Shelf
Registration to be declared effective under the Securities Act as soon as practicable after such
filing and to keep such subsequent Shelf Registration continuously effective for a period equal to
the number of days in the Effectiveness Period less the aggregate number of days during which the
Initial Shelf Registration or any Subsequent Shelf Registration was previously continuously
effective. As used herein the term “Shelf Registration” means the Initial Shelf Registration and
any Subsequent Shelf Registration.

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     (c) Supplements and Amendments. The Issuers shall promptly supplement and amend the
Shelf Registration if required by the rules, regulations or instructions applicable to the
registration form used for such Shelf Registration, if required by the Securities Act, or if
reasonably requested by the Holders of a majority in aggregate principal amount of the Registrable
Securities (or their counsel) covered by such Registration Statement with respect to the
information included therein with respect to one or more of such Holders, or, if reasonably
requested by any underwriter of such Registrable Securities, with respect to the information
included therein with respect to such underwriter.

     (d) Notwithstanding anything in this Section 3 to the contrary, the requirements to file a
Registration Statement for a Shelf Registration and to have such Shelf Registration become and
remain effective shall terminate at such time as all Securities eligible to be included in such a
Shelf Registration pursuant to Section 2(c) are Freely Tradable.

          4. Special Interest

     (a) The Issuers and the Initial Purchasers agree that the Holders will suffer damages if the
Issuers fail to fulfill their obligations under Section 2 or Section 3 hereof and that it would not
be feasible to ascertain the extent of such damages with precision. Accordingly, the Issuers agree
to pay, jointly and severally, as liquidated damages, additional interest on the Notes (“Special
Interest”) if any of the Securities are not Freely Tradable by the Exchange Date and either (i) the
Exchange Offer has not been consummated, (ii) any Shelf Registration, if required hereby, has not
been declared effective by the SEC or (iii) any Registration Statement required by Section 2 or 3
of this Agreement has been declared effective but ceases to be effective at any time at which it is
required to be effective under this Agreement (each such event referred to in clauses (i) through
(iii), a “Registration Default”). The Special Interest shall accrue on the principal amount of the
Notes at a rate of 0.25% per annum during the 90-day period immediately following the occurrence of
any Registration Default (which rate will be increased by an additional 0.25% per annum for each
subsequent 90-day period that such Special Interest continues to accrue, provided that the rate at
which such Special Interest accrues may in no event exceed 1.00% per annum) (such Special Interest
to be calculated by the Issuers); provided, however, that at the earlier of (i) the cure of all
Registration Defaults relating to the particular Registrable Securities or (ii) the particular
Registrable Securities having become Freely Tradable, the interest rate borne by the relevant
Registrable Securities will be reduced to the original interest rate borne by such Registrable
Securities. Notwithstanding any other provisions of this Section 4, the Issuers shall not be
obligated to pay Special Interest provided in Section 4(a)(ii) during a Shelf Suspension Period
permitted by Section 3(a) hereof. The provisions for Special Interest will be the only monetary
remedy available to holders under this Agreement.

     (b) The Issuers shall notify the Trustee and the paying agent within five business days after
each and every date on which an event occurs in respect of which Special Interest is required to be
paid (an “Event Date”). Any amounts of Special Interest due pursuant to clause (a) of this Section
4 will be payable in cash semiannually on each April 1 and October 1 (to the holders of record on
the March 15 and September 15 immediately preceding such dates), commencing the first such date
occurring after any such Special Interest commences to accrue. The amount of Special Interest will
be determined by the Issuers by multiplying the applicable Special Interest rate by the principal
amount of the Registrable Securities, multiplied by a

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fraction, the numerator of which is the number of days such Special Interest rate was
applicable during such period (determined on the basis of a 360 day year comprised of twelve 30-day
months and, in the case of a partial month, the actual number of days elapsed), and the denominator
of which is 360.

          5. Registration Procedures

     In connection with the filing of any Registration Statement pursuant to Section 2 or 3 hereof,
the Issuers and the Guarantors shall effect such registrations to permit the sale of the securities
covered thereby in accordance with the intended method or methods of disposition thereof, and
pursuant thereto and in connection with any Registration Statement filed by the Issuers hereunder
the Issuers and the Guarantors shall:

     (a) Prepare and file with the SEC (prior to the applicable Filing Date in the case of a Shelf
Registration), a Registration Statement or Registration Statements as prescribed by Section 2 or 3
hereof, and use their commercially reasonable efforts to cause each such Registration Statement to
become effective and remain effective as provided herein; provided, however, that if (1) such
filing is pursuant to Section 3 hereof or (2) a Prospectus contained in the Exchange Offer
Registration Statement filed pursuant to Section 2 hereof is required to be delivered under the
Securities Act by any Participating Broker-Dealer who seeks to sell Exchange Securities during the
Applicable Period relating thereto from whom the Issuers have received prior written notice that it
will be a Participating Broker-Dealer in the Exchange Offer, before filing any Registration
Statement or Prospectus or any amendments or supplements thereto, the Issuers shall furnish to and
afford counsel for the Holders of the Registrable Securities covered by such Registration Statement
(with respect to a Registration Statement filed pursuant to Section 3 hereof) or counsel for such
Participating Broker-Dealer (with respect to any such Registration Statement), as the case may be,
and counsel to the managing underwriters, if any, a reasonable opportunity to review copies of all
such documents (including copies of any documents to be incorporated by reference therein and all
exhibits thereto) proposed to be filed (in each case, at least three Business Days prior to such
filing). The Issuers shall not file any Registration Statement or Prospectus or any amendments or
supplements thereto if the Holders of a majority in aggregate principal amount of the Registrable
Securities covered by such Registration Statement, their counsel or the managing underwriters, if
any, shall reasonably object.

     (b) Prepare and file with the SEC such amendments and post-effective amendments to each Shelf
Registration Statement or Exchange Offer Registration Statement, as the case may be, as may be
necessary to keep such Registration Statement continuously effective for the Effectiveness Period,
the Applicable Period or until consummation of the Exchange Offer, as the case may be; cause the
related Prospectus to be supplemented by any prospectus supplement required by applicable law, and
as so supplemented to be filed pursuant to Rule 424; and comply with the provisions of the
Securities Act and the Exchange Act applicable to it with respect to the disposition of all
securities covered by such Registration Statement as so amended or in such Prospectus as so
supplemented and with respect to the subsequent resale of any securities being sold by a
Participating Broker-Dealer covered by any such Prospectus in all material respects. The Issuers
shall be deemed not to have used their commercially reasonable efforts to keep a Registration
Statement effective if they voluntarily take any action that is reasonably expected to result in
selling Holders of the Registrable Securities covered thereby or Participating Broker-

13

 

Dealers seeking to sell Exchange Securities not being able to sell such Registrable Securities
or such Exchange Securities during that period unless such action is required by applicable law or
permitted by this Agreement.

     (c) If (1) a Shelf Registration is filed pursuant to Section 3 hereof or (2) a Prospectus
contained in the Exchange Offer Registration Statement filed pursuant to Section 2 hereof is
required to be delivered under the Securities Act by any Participating Broker-Dealer who seeks to
sell Exchange Securities during the Applicable Period relating thereto from whom the Issuers have
received written notice that it will be a Participating Broker-Dealer in the Exchange Offer, notify
the selling Holders of Registrable Securities (with respect to a Registration Statement filed
pursuant to Section 3 hereof), or each such Participating Broker-Dealer (with respect to any such
Registration Statement), as the case may be, their counsel and the managing underwriters, if any,
promptly (but in any event within three Business Days), and confirm such notice in writing, (i)
when a Prospectus or any Prospectus supplement or post-effective amendment has been filed, and,
with respect to a Registration Statement or any post-effective amendment, when the same has become
effective under the Securities Act (including in such notice a written statement that any Holder
may, upon request, obtain, at the sole expense of the Issuers, one conformed copy of such
Registration Statement or post-effective amendment including financial statements and schedules,
documents incorporated or deemed to be incorporated by reference and exhibits), (ii) of the
issuance by the SEC of any stop order suspending the effectiveness of a Registration Statement or
of any order preventing or suspending the use of any preliminary prospectus or the initiation of
any proceedings for that purpose, (iii) if at any time when a Prospectus is required by the
Securities Act to be delivered in connection with sales of the Registrable Securities or resales of
Exchange Securities by Participating Broker-Dealers the representations and warranties of the
Issuers contained in any agreement (including any underwriting agreement) contemplated by Section
5(m) hereof cease to be true and correct, (iv) of the receipt by the Issuers of any notification
with respect to the suspension of the qualification or exemption from qualification of a
Registration Statement or any of the Registrable Securities or the Exchange Securities to be sold
by any Participating Broker-Dealer for offer or sale in any jurisdiction, or the initiation or
threatening of any proceeding for such purpose, (v) of the happening of any event, the existence of
any condition or any information becoming known that makes any statement made in such Registration
Statement or related Prospectus or any document incorporated or deemed to be incorporated therein
by reference untrue in any material respect or that requires the making of any changes in or
amendments or supplements to such Registration Statement, Prospectus or documents so that, in the
case of the Registration Statement, it will not contain any untrue statement of a material fact or
omit to state any material fact required to be stated therein or necessary to make the statements
therein not misleading, and that in the case of the Prospectus, it will not contain any untrue
statement of a material fact or omit to state any material fact required to be stated therein or
necessary to make the statements therein, in the light of the circumstances under which they were
made, not misleading and (vi) of the Issuers’ determination that a post-effective amendment to a
Registration Statement would be appropriate.

     (d) Use their commercially reasonable efforts to prevent the issuance of any order suspending
the effectiveness of a Registration Statement or of any order preventing or suspending the use of a
Prospectus or suspending the qualification (or exemption from qualification) of any of the
Registrable Securities or the Exchange Securities to be sold by any Participating Broker-Dealer,
for sale in any jurisdiction.

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     (e) If a Shelf Registration is filed pursuant to Section 3 and if requested during the
Effectiveness Period by the managing underwriter, if any, or the Holders of a majority in aggregate
principal amount of the Registrable Securities being sold in connection with an underwritten
offering, (i) as promptly as practicable incorporate in a prospectus supplement or post-effective
amendment such information as the managing underwriter, if any, such Holders or counsel for either
of them reasonably request to be included therein, (ii) make all required filings of such
prospectus supplement or such post-effective amendment as soon as practicable after the Issuers
have received notification of the matters to be incorporated in such prospectus supplement or
post-effective amendment and (iii) supplement or make amendments to such Registration Statement.

     (f) If (1) a Shelf Registration is filed pursuant to Section 3 hereof or (2) a Prospectus
contained in the Exchange Offer Registration Statement filed pursuant to Section 2 hereof is
required to be delivered under the Securities Act by any Participating Broker-Dealer who seeks to
sell Exchange Securities during the Applicable Period, furnish to each selling Holder of
Registrable Securities (with respect to a Registration Statement filed pursuant to Section 3
hereof) and to each such Participating Broker-Dealer who so requests (with respect to any such
Registration Statement) and to their respective counsel and each managing underwriter, if any, at
the sole expense of the Issuers, one conformed copy of the Registration Statement or Registration
Statements and each post-effective amendment thereto, including financial statements and schedules,
and, if requested, all documents incorporated or deemed to be incorporated therein by reference and
all exhibits.

     (g) If (1) a Shelf Registration is filed pursuant to Section 3 hereof or (2) a Prospectus
contained in the Exchange Offer Registration Statement filed pursuant to Section 2 hereof is
required to be delivered under the Securities Act by any Participating Broker-Dealer who seeks to
sell Exchange Securities during the Applicable Period, deliver to each selling Holder of
Registrable Securities (with respect to a Registration Statement filed pursuant to Section 3
hereof), or each such Participating Broker-Dealer (with respect to any such Registration
Statement), as the case may be, their respective counsel, and the underwriters, if any, at the sole
expense of the Issuers, as many copies of the Prospectus or Prospectuses (including each form of
preliminary prospectus) and each amendment or supplement thereto and any documents incorporated by
reference therein as such Persons may reasonably request; and, subject to the last paragraph of
this Section 5, the Issuers hereby consent to the use of such Prospectus and each amendment or
supplement thereto by each of the selling Holders of Registrable Securities or each such
Participating Broker-Dealer, as the case may be, and the underwriters or agents, if any, and
dealers, if any, in connection with the offering and sale of the Registrable Securities covered by,
or the sale by Participating Broker-Dealers of the Exchange Securities pursuant to, such Prospectus
and any amendment or supplement thereto.

     (h) Prior to any public offering of Registrable Securities or any delivery of a Prospectus
contained in the Exchange Offer Registration Statement by any Participating Broker-Dealer who seeks
to sell Exchange Securities during the Applicable Period, use their commercially reasonable efforts
to register or qualify, and to cooperate with the selling Holders of Registrable Securities or each
such Participating Broker-Dealer, as the case may be, the managing underwriter or underwriters, if
any, and their respective counsel in connection with the registration or qualification (or
exemption from such registration or qualification) of such

15

 

Registrable Securities for offer and sale under the securities or Blue Sky laws of such
jurisdictions within the United States as any selling Holder, Participating Broker-Dealer, or the
managing underwriter or underwriters reasonably request in writing; provided, however, that where
Exchange Securities held by Participating Broker-Dealers or Registrable Securities are offered
other than through an underwritten offering, the Issuers agree to cause their counsel to perform
Blue Sky investigations and file registrations and qualifications required to be filed pursuant to
this Section 5(h), keep each such registration or qualification (or exemption therefrom) effective
during the period such Registration Statement is required to be kept effective and do any and all
other acts or things necessary or advisable to enable the disposition in such jurisdictions of the
Exchange Securities held by Participating Broker-Dealers or the Registrable Securities covered by
the applicable Registration Statement; provided, however, that the Issuers shall not be required to
(A) qualify generally to do business in any jurisdiction where it is not then so qualified, (B)
take any action that would subject it to general service of process in any such jurisdiction where
it is not then so subject or (C) subject itself to taxation in excess of a nominal dollar amount in
any such jurisdiction where it is not then so subject.

     (i) If a Shelf Registration is filed pursuant to Section 3 hereof, cooperate with the selling
Holders of Registrable Securities and the managing underwriter, if any, to facilitate the timely
preparation and delivery of certificates representing Registrable Securities to be sold, which
certificates shall not bear any restrictive legends and shall be in a form eligible for deposit
with The Depository Trust Company; and enable such Registrable Securities to be in such
denominations (subject to applicable requirements contained in the Indenture) and registered in
such names as the managing underwriter, if any, or Holders may request.

     (j) Use their commercially reasonable efforts to cause the Registrable Securities covered by
the Registration Statement to be registered with or approved by such other U.S. governmental
agencies or authorities as may be necessary to enable the seller or sellers thereof or the
underwriter or underwriters, if any, to consummate the disposition of such Registrable Securities,
except as may be required solely as a consequence of the nature of such selling Holder’s business,
in which case the Issuers will cooperate in all respects with the filing of such Registration
Statement and the granting of such approvals.

     (k) If (1) a Shelf Registration is filed pursuant to Section 3 hereof or (2) a Prospectus
contained in the Exchange Offer Registration Statement filed pursuant to Section 2 hereof is
required to be delivered under the Securities Act by any Participating Broker-Dealer who seeks to
sell Exchange Securities during the Applicable Period, upon the occurrence of any event
contemplated by paragraph 5(c)(v) or 5(c)(vi) hereof, use their commercially reasonable efforts to
prepare and (subject to Section 5(a) hereof) file with the SEC, at the sole expense of the Issuers,
a supplement or post-effective amendment to the Registration Statement or a supplement to the
related Prospectus or any document incorporated therein by reference, or file any other required
document so that, as thereafter delivered to the purchasers of the Registrable Securities being
sold thereunder (with respect to a Registration Statement filed pursuant to Section 3 hereof) or to
the purchasers of the Exchange Securities to whom such Prospectus will be delivered by a
Participating Broker-Dealer (with respect to any such Registration Statement), any such Prospectus
will not contain an untrue statement of a material fact or omit to state a material fact required
to be stated therein or necessary to make the statements therein, in the light of the circumstances
under which they were made, not misleading.

16

 

     (l) Prior to the effective date of the first Registration Statement relating to the
Registrable Securities, (i) provide the Trustee with certificates for the Registrable Securities in
a form eligible for deposit with The Depository Trust Company and (ii) provide a CUSIP number for
the Registrable Securities.

     (m) In connection with any underwritten offering of Registrable Securities pursuant to a Shelf
Registration, enter into an underwriting agreement as is customary in underwritten offerings of
debt securities similar to the Securities (including, without limitation, a customary condition to
the obligations of the underwriters that the underwriters shall have received “cold comfort”
letters and updates thereof in form, scope and substance reasonably satisfactory to the managing
underwriter, if any, from the independent registered public accountants of the Issuers (and, if
necessary, any other independent registered public accountants of the Issuers, or of any business
acquired by the Issuers, for which financial statements and financial data are, or are required to
be, included or incorporated by reference in the Registration Statement), addressed to each of the
underwriters, such letters to be in customary form and covering matters of the type customarily
covered in “cold comfort” letters in connection with underwritten offerings of debt securities
similar to the Securities), and take all such other actions as are reasonably requested by the
managing underwriter, if any, in order to expedite or facilitate the registration or the
disposition of such Registrable Securities and, in such connection, (i) make such representations
and warranties to, and covenants with, the underwriters with respect to the business of the Issuers
(including any acquired business, properties or entity, if applicable), and the Registration
Statement, Prospectus and documents, if any, incorporated or deemed to be incorporated by reference
therein, in each case, as are customarily made by issuers to underwriters in underwritten offerings
of debt securities similar to the Securities, and confirm the same in writing if and when
requested; (ii) obtain the written opinions of counsel to the Issuers, and written updates thereof
in form, scope and substance reasonably satisfactory to the managing underwriter, if any, addressed
to the underwriters covering the matters customarily covered in opinions reasonably requested in
underwritten offerings; and (iii) if an underwriting agreement is entered into, the same shall
contain indemnification provisions and procedures no less favorable to the sellers and
underwriters, if any, than those set forth in Section 7 hereof (or such other provisions and
procedures reasonably acceptable to Holders of a majority in aggregate principal amount of
Registrable Securities covered by such Registration Statement and the managing underwriter or
underwriters or agents, if any). The above shall be done at each closing under such underwriting
agreement, or as and to the extent required thereunder.

     (n) If (1) a Shelf Registration is filed pursuant to Section 3 hereof or (2) a Prospectus
contained in the Exchange Offer Registration Statement filed pursuant to Section 2 hereof is
required to be delivered under the Securities Act by any Participating Broker-Dealer who seeks to
sell Exchange Securities during the Applicable Period, make available for inspection by any Initial
Purchaser, any selling Holder of such Registrable Securities being sold (with respect to a
Registration Statement filed pursuant to Section 3 hereof), or each such Participating
Broker-Dealer, as the case may be, any underwriter participating in any such disposition of
Registrable Securities, if any, and any attorney, accountant or other agent retained by any such
selling Holder or each such Participating Broker-Dealer (with respect to any such Registration
Statement), as the case may be, or underwriter (any such Initial Purchasers, Holders, Participating
Broker-Dealers, underwriters, attorneys, accountants or agents, collectively, the “Inspectors”),
upon written request, at the offices where normally kept, during reasonable business hours and in a

17

 

reasonable manner, all pertinent financial and other records, pertinent corporate documents
and instruments of the Issuers and subsidiaries of the Issuers (collectively, the “Records”), as
shall be reasonably necessary to enable them to exercise any applicable due diligence
responsibilities, and cause the officers, directors and employees of the Issuers and any of their
subsidiaries to supply all information (“Information”) reasonably requested by any such Inspector
in connection with such due diligence responsibilities. Each Inspector shall agree in writing that
it will keep the Records and Information confidential, to use the Records and Information only for
due diligence purposes, to abstain from using the Records and Information as the basis for any
market transactions in Securities of the Issuers and that it will not disclose any of the Records
or Information that the Issuers determine, in good faith, to be confidential and notifies the
Inspectors in writing are confidential unless (i) the disclosure of such Records or Information is
necessary to avoid or correct a misstatement or omission in such Registration Statement or
Prospectus, (ii) the release of such Records or Information is ordered pursuant to a subpoena or
other order from a court of competent jurisdiction, (iii) disclosure of such Records or Information
is necessary or advisable, in the opinion of counsel for any Inspector, in connection with any
action, claim, suit or proceeding, directly or indirectly, involving or potentially involving such
Inspector and arising out of, based upon, relating to, or involving this Agreement or the Purchase
Agreement, or any transactions contemplated hereby or thereby or arising hereunder or thereunder or
(iv) the information in such Records or Information has been made generally available to the public
other than by an Inspector or an “affiliate” (as defined in Rule 405) thereof; provided, however,
that prior notice shall be provided as soon as practicable to the Issuers of the potential
disclosure of any information by such Inspector pursuant to clause (ii) or (iii) of this sentence
to permit the Issuers to obtain a protective order (or waive the provisions of this paragraph (n))
and that such Inspector shall take such actions as are reasonably necessary to protect the
confidentiality of such information (if practicable) to the extent such action is otherwise not
inconsistent with, an impairment of or in derogation of the rights and interests of the Holder or
any Inspector.

     (o) Provide an indenture trustee for the Registrable Securities or the Exchange Securities, as
the case may be, and cause the Indenture or the trust indenture provided for in Section 2(a)
hereof, as the case may be, to be qualified under the TIA not later than the effective date of the
first Registration Statement relating to the Registrable Securities; and in connection therewith,
cooperate with the trustee under any such indenture and the Holders of the Registrable Securities,
to effect such changes (if any) to such indenture as may be required for such indenture to be so
qualified in accordance with the terms of the TIA; and execute, and use its commercially reasonable
efforts to cause such trustee to execute, all documents as may be required to effect such changes,
and all other forms and documents required to be filed with the SEC to enable such indenture to be
so qualified in a timely manner.

     (p) Comply with Section 4.03 of the Indenture.

     (q) Upon consummation of the Exchange Offer or a Private Exchange, obtain an opinion of
counsel to the Issuers, in a form customary for underwritten transactions, addressed to the Trustee
for the benefit of all Holders of Registrable Securities participating in the Exchange Offer or the
Private Exchange, as the case may be, that the Exchange Securities or Private Exchange Notes, as
the case may be, the related guarantees and the related indenture constitute legal, valid and
binding obligations of the Issuers, enforceable against the Issuers in accordance

18

 

with their respective terms, subject to customary exceptions and qualifications. If the
Exchange Offer or a Private Exchange is to be consummated, upon delivery of the Registrable
Securities by Holders to the Issuers (or to such other Person as directed by the Issuers), in
exchange for the Exchange Securities or the Private Exchange Notes (and the related guarantees), as
the case may be, the Issuers shall mark, or cause to be marked, on such Registrable Securities that
such Registrable Securities are being cancelled in exchange for the Exchange Securities or the
Private Exchange Notes (and the related guarantees), as the case may be; in no event shall such
Registrable Securities be marked as paid or otherwise satisfied.

     (r) Use commercially reasonable efforts to cooperate with each seller of Registrable
Securities covered by any Registration Statement and each underwriter, if any, participating in the
disposition of such Registrable Securities and their respective counsel in connection with any
filings required to be made with the Financial Industry Regulatory Authority, Inc. (“FINRA”).

     (s) Use its respective commercially reasonable efforts to take all other steps reasonably
necessary to effect the registration of the Exchange Securities and/or Registrable Securities
covered by a Registration Statement contemplated hereby.

     The Issuers may require each seller of Registrable Securities as to which any registration is
being effected to furnish to the Issuers such information regarding such seller and the
distribution of such Registrable Securities as the Issuers may, from time to time, reasonably
request. The Issuers may exclude from such registration the Registrable Securities of any seller so
long as such seller fails to furnish such information within a reasonable time after receiving such
request. Each seller as to which any Shelf Registration is being effected agrees to furnish
promptly to the Issuers all information required to be disclosed in order to make the information
previously furnished to the Issuers by such seller not materially misleading.

     If any such Registration Statement refers to any Holder by name or otherwise as the holder of
any securities of the Issuers, then such Holder shall have the right to require (i) the insertion
therein of language, in form and substance reasonably satisfactory to such Holder, to the effect
that the holding by such Holder of such securities is not to be construed as a recommendation by
such Holder of the investment quality of the securities covered thereby and that such holding does
not imply that such Holder will assist in meeting any future financial requirements of the Issuers
or (ii) in the event that such reference to such Holder by name or otherwise is not required by the
Securities Act or any similar federal statute then in force, the deletion of the reference to such
Holder in any amendment or supplement to the Registration Statement filed or prepared subsequent to
the time that such reference ceases to be required.

     Each Holder of Registrable Securities and each Participating Broker-Dealer agrees by its
acquisition of such Registrable Securities or Exchange Securities to be sold by such Participating
Broker-Dealer, as the case may be, that, upon actual receipt of any notice from the Issuers of the
happening of any event of the kind described in Section 5(c)(ii), 5(c)(iv), 5(c)(v) or 5(c)(vi)
hereof, such Holder will forthwith discontinue disposition of such Registrable Securities covered
by such Registration Statement or Prospectus or Exchange Securities to be sold by such Holder or
Participating Broker-Dealer, as the case may be, until such Holder’s or Participating
Broker-Dealer’s receipt of the copies of the supplemented or amended Prospectus contemplated by
Section 5(k) hereof, or until it is advised in writing (the “Advice”) by the Issuers that the use
of

19

 

the applicable Prospectus may be resumed, and has received copies of any amendments or
supplements thereto. In the event that the Issuers shall give any such notice, each of the
Applicable Period and the Effectiveness Period shall be extended by the number of days during such
periods from and including the date of the giving of such notice to and including the date when
each seller of Registrable Securities covered by such Registration Statement or Exchange Securities
to be sold by such Participating Broker-Dealer, as the case may be, shall have received (x) the
copies of the supplemented or amended Prospectus contemplated by Section 5(k) hereof or (y) the
Advice.

          6. Registration Expenses

     All fees and expenses incident to the performance of or compliance with this Agreement by the
Issuers of their obligations under Sections 2, 3, 5 and 8 shall be borne by the Issuers, whether or
not the Exchange Offer Registration Statement or any Shelf Registration Statement is filed or
becomes effective or the Exchange Offer is consummated, including, without limitation, (i) all
registration and filing fees (including, without limitation, (A) fees with respect to filings
required to be made with FINRA in connection with an underwritten offering and (B) fees and
expenses of compliance with state securities or Blue Sky laws (including, without limitation,
reasonable fees and disbursements of counsel in connection with Blue Sky qualifications of the
Registrable Securities or Exchange Securities and determination of the eligibility of the
Registrable Securities or Exchange Securities for investment under the laws of such jurisdictions
in the United States (x) where the holders of Registrable Securities are located, in the case of
the Exchange Securities or (y) as provided in Section 5(h) hereof, in the case of Registrable
Securities or Exchange Securities to be sold by a Participating Broker-Dealer during the Applicable
Period)), (ii) printing expenses, including, without limitation, printing all Registration
Statements, underwriting agreements, indentures and prospectuses if the printing of prospectuses is
requested by the managing underwriter, if any, by the Holders of a majority in aggregate principal
amount of the Registrable Securities included in any Registration Statement or in respect of
Registrable Securities or Exchange Securities to be sold by any Participating Broker-Dealer during
the Applicable Period, as the case may be, and any other documents necessary in order to comply
with this Agreement (iii) fees and expenses of the Trustee, any exchange agent and their counsel,
(iv) fees and disbursements of counsel for the Issuers and, in the case of a Shelf Registration,
reasonable fees and disbursements of one special counsel for all of the sellers of Registrable
Securities selected by the Holder of a majority in aggregate principal amount of Registrable
Securities covered by such Shelf Registration (which counsel shall be reasonably satisfactory to
the Issuers) exclusive of any counsel retained pursuant to Section 7 hereof), (v) fees and
disbursements of all independent registered public accountants referred to in Section 5(m) hereof
(including, without limitation, the expenses of any “cold comfort” letters required by or incident
to such performance), (vi) rating agency fees, if any, and any fees associated with making the
Registrable Securities or Exchange Securities eligible for trading through The Depository Trust
Company, (vii) Securities Act liability insurance, if the Issuers desire such insurance, (viii)
fees and expenses of all other Persons retained by the Issuers, (ix) internal expenses of the
Issuers (including, without limitation, all salaries and expenses of officers and employees of the
Issuers performing legal or accounting duties), (x) the expense of any annual audit, (xi) any fees
and expenses incurred in connection with the listing of the securities to be registered on any
securities exchange, and the obtaining of a rating of the securities, in each case, if applicable
and (xii) the expenses relating to word processing and distributing all Registration

20

 

Statements, underwriting agreements, indentures and any other documents necessary in order to
comply with this Agreement.

          7. Indemnification And Contribution

     (a) The Issuers and the Guarantors, jointly and severally, agree to indemnify and hold
harmless each Holder of Registrable Securities and each Participating Broker-Dealer selling
Exchange Securities during the Applicable Period, and each Person, if any, who controls any such
Persons or its affiliates within the meaning of Section 15 of the Securities Act or Section 20 of
the Exchange Act (each, a “Participant”) against any losses, claims, damages or liabilities, joint
or several, to which any Participant may become subject under the Securities Act, the Exchange Act
or otherwise, insofar as any such losses, claims, damages or liabilities (or actions in respect
thereof) arise out of or are based upon:

     (i) any untrue statement or alleged untrue statement of any material fact contained in any
Registration Statement (or any amendment thereto) or Prospectus (as amended or supplemented if the
Issuers shall have furnished any amendments or supplements thereto) or any preliminary prospectus;
or

     (ii) the omission or alleged omission to state, in any Registration Statement (or any
amendment thereto) or Prospectus (as amended or supplemented if the Issuers shall have furnished
any amendments or supplements thereto) or any preliminary prospectus or any other document or any
amendment or supplement thereto, a material fact required to be stated therein or necessary to make
the statements therein not misleading, except, in each case, insofar as such losses, claims,
damages or liabilities are arising out of or based upon any untrue statement or omission or alleged
untrue statement or omission made in reliance upon and in conformity with any information relating
to any Initial Purchaser or any Holder furnished to the Issuers in writing through the Initial
Purchasers or any selling Holder expressly for use therein; and agree (subject to the limitations
set forth in this sentence) to reimburse, as incurred, the Participant for any reasonable legal or
other expenses incurred by the Participant in connection with investigating, defending against or
appearing as a third-party witness in connection with any such loss, claim, damage, liability or
action; provided, however, neither the Issuers nor the Guarantors will be liable in any such case
to the extent that any such loss, claim, damage or liability arises out of or is based upon any
untrue statement or alleged untrue statement or omission or alleged omission made in any
Registration Statement (or any amendment thereto) or Prospectus (as amended or supplemented if the
Issuers shall have furnished any amendments or supplements thereto) or any preliminary prospectus
or any amendment or supplement thereto in reliance upon and in conformity with written information
relating to any Participant furnished to the Issuers by such Participant specifically for use
therein. The indemnity provided for in this Section 7 will be in addition to any liability that the
Issuers may otherwise have to the indemnified parties. The Issuers and the Guarantors shall not be
liable under this Section 7 to any indemnified party regarding any settlement or compromise or
consent to the entry of any judgment with respect to any pending or threatened claim, action, suit
or proceeding in respect of which indemnification or contribution may be sought hereunder (whether
or not the indemnified parties are actual or potential parties to such claim or action) unless such
settlement, compromise or consent is consented to by the Issuers and the Guarantors, which consent
shall not be unreasonably withheld.

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     (b) Each Participant, severally and not jointly, agrees to indemnify and hold harmless the
Issuers, the Guarantors, their respective directors (or equivalent), their respective officers who
sign any Registration Statement and each person, if any, who controls the Issuers within the
meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act against any losses,
claims, damages or liabilities to which the Issuers, the Guarantors or any such director, officer
or controlling person may become subject under the Securities Act, the Exchange Act or otherwise,
insofar as such losses, claims, damages or liabilities (or actions in respect thereof) arise out of
or are based upon (i) any untrue statement or alleged untrue statement of any material fact
contained in any Registration Statement or Prospectus, any amendment or supplement thereto, or any
preliminary prospectus or (ii) the omission or the alleged omission to state therein a material
fact necessary to make the statements therein not misleading, in each case to the extent, but only
to the extent, that such untrue statement or alleged untrue statement or omission or alleged
omission was made in reliance upon and in conformity with written information concerning such
Participant, furnished to the Issuers by or on behalf of such Participant, specifically for use
therein; and subject to the limitation set forth immediately preceding this clause, will reimburse,
as incurred, any reasonable legal or other expenses incurred by the Issuers, the Guarantors or any
such director, officer or controlling person in connection with investigating or defending against
or appearing as a third party witness in connection with any such loss, claim, damage, liability or
action in respect thereof. The indemnity provided for in this Section 7 will be in addition to any
liability that the Participants may otherwise have to the indemnified parties. The Participants
shall not be liable under this Section 7 to any indemnified party regarding any settlement or
compromise or consent to the entry of any judgment with respect to any pending or threatened claim,
action, suit or proceeding in respect of which indemnification or contribution may be sought
hereunder (whether or not the indemnified parties are actual or potential parties to such claim or
action) unless such settlement, compromise or consent is consented to by the Participants, which
consent shall not be unreasonably withheld. The Issuers and the Guarantors shall not, without the
prior written consent of such Participant, effect any settlement or compromise of any pending or
threatened proceeding in respect of which such Participant is or could have been a party, or
indemnity could have been sought hereunder by such Participant, unless such settlement (A) includes
an unconditional written release of such Participant, in form and substance reasonably satisfactory
to such Participant, from all liability on claims that are the subject matter of such proceeding
and (B) does not include any statement as to an admission of fault, culpability or failure to act
by or on behalf of such Participant.

     (c) Promptly after receipt by an indemnified party under this Section 7 of notice of the
commencement of any action, such indemnified party will, if a claim in respect thereof is to be
made against the indemnifying party under this Section 7, notify the indemnifying party of the
commencement thereof in writing; but the omission to so notify the indemnifying party (i) will not
relieve it from any liability under paragraph (a) or (b) above unless and to the extent such
indemnifying party did not otherwise learn of such action and such failure results in the
forfeiture by the indemnifying party of substantial rights and defenses and (ii) will not, in any
event, relieve the indemnifying party from any obligations to any indemnified party other than the
indemnification obligation provided in paragraphs (a) and (b) above. The indemnifying party shall
be entitled to appoint counsel (including local counsel) of the indemnifying party’s choice at the
indemnifying party’s expense to represent the indemnified party in any action for which
indemnification is sought (in which case the indemnifying party shall not thereafter be

22

 

responsible for the fees and expenses of any separate counsel, other than local counsel if not
appointed by the indemnifying party, retained by the indemnified party or parties except as set
forth below); provided, however, that such counsel shall be reasonably satisfactory to the
indemnified party. Notwithstanding the indemnifying party’s election to appoint counsel (including
local counsel) to represent the indemnified party in an action, the indemnified party shall have
the right to employ separate counsel (including local counsel), and the indemnifying party shall
bear the reasonable fees, costs and expenses of such separate counsel if (i) the use of counsel
chosen by the indemnifying party to represent the indemnified party would present such counsel with
a conflict of interest (based on the advice of counsel to the indemnified person); (ii) such action
includes both the indemnified party and the indemnifying party and the indemnified party shall have
reasonably concluded (based on the advice of counsel to the indemnified person) that there may be
legal defenses available to it and/or other indemnified parties that are different from or
additional to those available to the indemnifying party; (iii) the indemnifying party shall not
have employed counsel reasonably satisfactory to the indemnified party to represent the indemnified
party within a reasonable time after notice of the institution of such action; or (iv) the
indemnifying party shall authorize the indemnified party to employ separate counsel at the expense
of the indemnifying party. It is understood and agreed that the indemnifying person shall not, in
connection with any proceeding or separate but related or substantially similar proceedings in the
same jurisdiction arising out of the same general allegations or circumstances, be liable for the
reasonable fees and expenses of more than one separate firm (in addition to any local counsel)
representing the indemnified parties under paragraph (a) or paragraph (b) of this Section 7, as the
case may be, who are parties to such action or actions. Any such separate firm for any Participants
shall be designated in writing by Participants who sold a majority in interest of the Registrable
Securities and Exchange Securities sold by all such Participants in the case of paragraph (a) of
this Section 7 or the Issuers in the case of paragraph (b) of this Section 7. In the event that any
Participants are indemnified persons collectively entitled, in connection with a proceeding or
separate but related or substantially similar proceedings in a single jurisdiction, to the payment
of fees and expenses of a single separate firm under this Section 7(c), and any such Participants
cannot agree to a mutually acceptable separate firm to act as counsel thereto, then such separate
firm for all such Indemnified Persons shall be designated in writing by Participants who sold a
majority in interest of the Registrable Securities and Exchange Securities sold by all such
Participants. An indemnifying party will not, without the prior written consent of the indemnified
parties, settle or compromise or consent to the entry of any judgment with respect to any pending
or threatened claim, action, suit or proceeding in respect of which indemnification or contribution
may be sought hereunder (whether or not the indemnified parties are actual or potential parties to
such claim or action) unless such settlement, compromise or consent includes an unconditional
release of each indemnified party from all liability arising out of such claim, action, suit or
proceeding and does not include any statement as to, or any admission of, fault, culpability or
failure to act by or on behalf of any indemnified party. All fees and expenses that are
reimbursable pursuant to this paragraph (c) shall be reimbursed as they are incurred.

     (d) After notice from the indemnifying party to such indemnified party of its election so to
assume the defense thereof and approval by such indemnified party of counsel appointed to defend
such action, the indemnifying party will not be liable to such indemnified party under this Section
7 for any legal or other expenses, other than reasonable costs of investigation, subsequently
incurred by such indemnified party in connection with the defense thereof, unless (i) the
indemnified party shall have employed separate counsel in accordance with the third

23

 

sentence of paragraph (c) of this Section 7 or (ii) the indemnifying party has authorized in
writing the employment of counsel for the indemnified party at the expense of the indemnifying
party. After such notice from the indemnifying party to such indemnified party, the indemnifying
party will not be liable for the costs and expenses of any settlement of such action effected by
such indemnified party without the prior written consent of the indemnifying party (which consent
shall not be unreasonably withheld), unless such indemnified party waived in writing its rights
under this Section 7, in which case the indemnified party may effect such a settlement without such
consent.

     (e) In circumstances in which the indemnity agreement provided for in the preceding paragraphs
of this Section 7 is unavailable to, or insufficient to hold harmless, an indemnified party in
respect of any losses, claims, damages or liabilities (or actions in respect thereof) (other than
by virtue of the failure of an indemnified party to notify the indemnifying party of its right to
indemnification pursuant to paragraph (a) or (b) of this Section 7, where such failure materially
prejudices the indemnifying party (through the forfeiture of substantial rights or defenses)), each
indemnifying party, in order to provide for just and equitable contribution, shall contribute to
the amount paid or payable by such indemnified party as a result of such losses, claims, damages or
liabilities (or actions in respect thereof) in such proportion as is appropriate to reflect (i) the
relative benefits received by the indemnifying party or parties on the one hand and the indemnified
party on the other from the offering of the Securities or (ii) if the allocation provided by the
foregoing clause (i) is not permitted by applicable law, not only such relative benefits but also
the relative fault of the indemnifying party or parties on the one hand and the indemnified party
on the other in connection with the statements or omissions or alleged statements or omissions that
resulted in such losses, claims, damages or liabilities (or actions in respect thereof). The
relative benefits received by the Issuers and the Guarantors on the one hand and such Participant
on the other shall be deemed to be in the same proportion that the total net proceeds from the
offering (before deducting expenses) of the Securities received by the Issuers bear to the total
discounts and commissions received by such Participant in connection with the sale of the
Securities (or if such Participant did not receive discounts or commissions, the value or receiving
the Securities). The relative fault of the parties shall be determined by reference to, among other
things, whether the untrue or alleged untrue statement of a material fact or the omission or
alleged omission to state a material fact relates to information supplied by the Issuers on the one
hand, or the Participants on the other, the parties’ relative intent, knowledge, access to
information and opportunity to correct or prevent such statement or omission or alleged statement
or omission, and any other equitable considerations appropriate in the circumstances. The parties
agree that it would not be equitable if the amount of such contribution were determined by pro rata
or per capita allocation or by any other method of allocation that does not take into account the
equitable considerations referred to in the first sentence of this paragraph (e). Notwithstanding
any other provision of this paragraph (e), no Participant shall be obligated to make contributions
hereunder that in the aggregate exceed the total discounts, commissions and other compensation or
net proceeds on the sale of Securities received by such Participant in connection with the sale of
the Securities, less the aggregate amount of any damages that such Participant has otherwise been
required to pay by reason of the untrue or alleged untrue statements or the omissions or alleged
omissions to state a material fact, and no person guilty of fraudulent misrepresentation (within
the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any
person who was not guilty of such fraudulent misrepresentation. For purposes of this paragraph (e),
each person, if any, who controls a Participant within the

24

 

meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act shall have the
same rights to contribution as the Participants, and each director and officer of the Issuers and
the Guarantors and each person, if any, who controls the Issuers and the Guarantors within the
meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act, shall have the same
rights to contribution as the Issuers.

          8. Rule 144A

     The Company covenants and agrees that it will use commercially reasonable efforts to file the
reports required to be filed by it under the Securities Act and the Exchange Act and the rules and
regulations adopted by the SEC thereunder in a timely manner in accordance with the requirements of
the Securities Act and the Exchange Act and, if at any time the Company is not required to file
such reports, the Issuers will, upon the request of any Holder or beneficial owner of Registrable
Securities, make available such information necessary to permit sales pursuant to Rule 144A. The
Issuers further covenant and agree, for so long as any Registrable Securities remain outstanding
that it will take such further action as any Holder of Registrable Securities may reasonably
request, all to the extent required from time to time to enable such holder to sell Registrable
Securities without registration under the Securities Act within the limitation of the exemptions
provided by Rule 144A unless the Issuers are then subject to Section 13 or 15(d) of the Exchange
Act and reports filed thereunder satisfy the information requirements of Rule 144A then in effect.

          9. Underwritten Registrations

     The Issuers shall not be required to assist in an underwritten offering unless requested by
the Holders of a majority in aggregate principal amount of the Registrable Securities. If any of
the Registrable Securities covered by any Shelf Registration are to be sold in an underwritten
offering, the underwriters and managers that will manage the offering will be selected by the
Holders of a majority in aggregate principal amount of such Registrable Securities included in such
offering and shall be reasonably acceptable to the Issuers. No Holder of Registrable Securities
may participate in any underwritten registration hereunder unless such Holder (a) agrees to sell
such Holder’s Registrable Securities on the basis provided in any underwriting arrangements
approved by the Persons entitled hereunder to approve such arrangements and (b) completes and
executes all questionnaires, powers of attorney, indemnities, underwriting agreements and other
documents required under the terms of such underwriting arrangements.

          10. Miscellaneous

          (a) No Inconsistent Agreements. The Issuers have not as of the date hereof, and the
Issuers shall not, after the date of this Agreement, enter into any agreement with respect to any
of its securities that is inconsistent with the rights granted to the Holders of Registrable
Securities in this Agreement (other than the registration rights agreement entered into pursuant to
the Class C Unit Purchase Agreement dated as of February 18, 2011, by and between the Company and
Frontier Gas Services, LLC) or otherwise conflicts with the provisions hereof. The rights granted
to the Holders hereunder do not in any way conflict with and are not inconsistent with the rights
granted to the holders of the Issuers’ other issued and outstanding securities under any such
agreements. The Issuers will not enter into any agreement with respect to any of its

25

 

securities which will grant to any Person “piggy-back” registration rights with respect to any
Registration Statement.

          (b) Adjustments Affecting Registrable Securities. The Issuers shall not, directly or
indirectly, take any action with respect to the Registrable Securities as a class that would
adversely affect the ability of the Holders of Registrable Securities to include such Registrable
Securities in a registration undertaken pursuant to this Agreement.

          (c) Amendments and Waivers. The provisions of this Agreement may not be amended,
modified or supplemented, and waivers or consents to departures from the provisions hereof may not
be given, otherwise than with the prior written consent of (i) the Issuers and (ii) (a) the Holders
of not less than a majority in aggregate principal amount of the then outstanding Registrable
Securities and (b) in circumstances that would adversely affect the Participating Broker-Dealers,
the Participating Broker-Dealers holding not less than a majority in aggregate principal amount of
the Exchange Notes held by all Participating Broker-Dealers; provided, however, that Section 7 and
this Section 10(c) may not be amended, modified or supplemented without the prior written consent
of each Holder and each Participating Broker-Dealer (including any person who was a Holder or
Participating Broker-Dealer of Registrable Securities or Exchange Securities, as the case may be,
disposed of pursuant to any Registration Statement) affected by any such amendment, modification or
supplement. Notwithstanding the foregoing, a waiver or consent to depart from the provisions hereof
with respect to a matter that relates exclusively to the rights of Holders of Registrable
Securities whose securities are being sold pursuant to a Registration Statement and that does not
directly or indirectly affect, impair, limit or compromise the rights of other Holders of
Registrable Securities may be given by Holders of at least a majority in aggregate principal amount
of the Registrable Securities being sold pursuant to such Registration Statement.

          (d) Notices. All notices and other communications (including, without limitation, any
notices or other communications to the Trustee and the registrar, paying agent and transfer agent)
provided for or permitted hereunder shall be made in writing by hand-delivery, registered
first-class mail, next-day air courier or facsimile:

          (i) if to a Holder of the Registrable Securities or any Participating Broker-Dealer, at the
most current address of such Holder or Participating Broker-Dealer, as the case may be, set forth
on the records of the registrar under the Indenture, with a copy in like manner to the Initial
Purchasers as follows:

UBS Securities LLC

677 Washington Boulevard

Stamford, CT 06901

Facsimile No.: (203) 719-1075

Attention: High Yield Syndicate Department

26

 

with a copy to:

Latham & Watkins, LLP

885 Third Avenue

New York, New York 10022

Facsimile No.: (212) 751-4864

Attention: Keith Halverstam

          (ii) if to the Initial Purchasers, at the address specified in this Section 10(d)(i);

          (iii) if to the Issuers, at the address as follows:

Crestwood Midstream Partners LP

717 Texas Avenue, Suite 3150

Houston, Texas 77002

Facsimile No.: (832) 519-2250

Attention: General Counsel

with a copy to:

Simpson Thacher & Bartlett LLP

425 Lexington Avenue

New York, New York 10017

Facsimile No.: (212) 455-2502

Attention: Edward P. Tolley III

          All such notices and communications shall be deemed to have been duly given: when delivered by
hand, if personally delivered; five Business Days after being deposited in the mail, postage
prepaid, if mailed; one Business Day after being timely delivered to a next-day air courier; and
upon written confirmation, if sent by facsimile.

          Copies of all such notices, demands or other communications shall be concurrently delivered by
the Person giving the same to the Trustee or the registrar, paying agent and/or the transfer agent
at the respective addresses and in the manner specified in such Indenture.

          (e) Successors and Assigns. This Agreement shall inure to the benefit of and be
binding upon the successors and assigns of each of the parties hereto, the Holders and the
Participating Broker-Dealers; provided, however, that nothing herein shall be deemed to permit any
assignment, transfer or other disposition of Registrable Securities in violation of the terms of
the Purchase Agreement or the Indenture.

          (f) Counterparts. This Agreement may be executed in any number of counterparts and by
the parties hereto in separate counterparts, each of which when so executed shall be deemed to be
an original and all of which taken together shall constitute one and the same agreement.

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

          (h) GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE
WITH THE LAWS OF THE STATE OF

27

 

NEW YORK, AS APPLIED TO CONTRACTS MADE AND PERFORMED ENTIRELY WITHIN THE STATE OF NEW YORK.
EACH OF THE PARTIES HEREBY WAIVE, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT TO
TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR RELATING TO THIS
AGREEMENT.

          (i) Severability. If any term, provision, covenant or restriction of this Agreement is
held by a court of competent jurisdiction to be invalid, illegal, void or unenforceable, the
remainder of the terms, provisions, covenants and restrictions set forth herein shall remain in
full force and effect and shall in no way be affected, impaired or invalidated, and the parties
hereto shall use their best efforts to find and employ an alternative means to achieve the same or
substantially the same result as that contemplated by such term, provision, covenant or
restriction. It is hereby stipulated and declared to be the intention of the parties that they
would have executed the remaining terms, provisions, covenants and restrictions without including
any of such that may be hereafter declared invalid, illegal, void or unenforceable.

          (j) Notes Held by the Issuer or its Affiliates. Whenever the consent or approval of
Holders of a specified percentage of Registrable Securities is required hereunder, Registrable
Securities held by the Issuer or its affiliates (as such term is defined in Rule 405 under the
Securities Act) shall not be counted in determining whether such consent or approval was given by
the Holders of such required percentage.

          (k) Third-Party Beneficiaries. Holders of Registrable Securities and Participating
Broker-Dealers are intended third-party beneficiaries of this Agreement, and this Agreement may be
enforced by such Persons.

          (l) Entire Agreement. This Agreement, together with the Purchase Agreement and the
Indenture, is intended by the parties as a final and exclusive statement of the agreement and
understanding of the parties hereto in respect of the subject matter contained herein and therein
and any and all prior oral or written agreements, representations, or warranties, contracts,
understandings, correspondence, conversations and memoranda between the Holders on the one hand and
the Issuers on the other, or between or among any agents, representatives, parents, subsidiaries,
affiliates, predecessors in interest or successors in interest with respect to the subject matter
hereof and thereof are merged herein and replaced hereby.

28

 

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

	 	 	 	 	 
	 	CRESTWOOD MIDSTREAM PARTNERS LP

By Crestwood Gas Services GP LLC, its general partner

 	 
	 	By:  	/s/ William G. Manias
 	 
	 	 	Name:  	William G. Manias 	 
	 	 	Title:  	Senior Vice President and Chief
Financial Officer 	 
	 
	 	CRESTWOOD MIDSTREAM FINANCE CORPORATION

 	 
	 	By:  	/s/ William G. Manias
 	 
	 	 	Name:  	William G. Manias 	 
	 	 	Title:  	Senior Vice President and Chief
Financial Officer 	 
	 
	GUARANTORS 	CRESTWOOD GAS SERVICES OPERATING LLC

CRESTWOOD GAS SERVICES OPERATING GP LLC

CRESTWOOD PIPELINE LLC

CRESTWOOD PANHANDLE PIPELINE LLC

CRESTWOOD ARKANSAS PIPELINE LLC

CRESTWOOD NEW MEXICO PIPELINE LLC

 	 
	 	By:  	/s/ William G. Manias
 	 
	 	 	Name:  	William G. Manias 	 
	 	 	Title:  	Senior Vice President and
Chief Financial Officer 	 
	 
	 	COWTOWN GAS PROCESSING PARTNERS L.P.

COWTOWN PIPELINE PARTNERS L.P.

By Crestwood Gas Services Operating GP LLC,

its general partner

 	 
	 	By:  	/s/ William G. Manias
 	 
	 	 	Name:  	William G. Manias 	 
	 	 	Title:  	Senior Vice President and
Chief Financial Officer 	 
	 

[Signature Page to Registration Rights Agreement]

 

 

	 	 	 	 	 
	The foregoing Agreement is hereby

confirmed and accepted as of the date

first above written.

UBS Securities LLC

BNP Paribas Securities Corp.

RBC Capital Markets, LLC

RBS Securities Inc.

 	 	 
	By:  	UBS Securities LLC
 	 	 
	 	 	 
	By:  	/s/ William Gonzales
 	 	 
	 	Name:  	William Gonzales 	 	 
	 	Title:  	Director 	 	 
	 	 	 
	By:  	/s/ Ryan Munro
 	 	 
	 	Name:  	Ryan Munro 	 	 
	 	Title:  	Director 	 	 
	 

For itself and the other several
Initial Purchasers.

[Signature Page to Registration Rights Agreement]

 

 

SCHEDULE I

THE GUARANTORS

CRESTWOOD GAS SERVICES OPERATING LLC

CRESTWOOD GAS SERVICES OPERATING GP LLC

COWTOWN GAS PROCESSING PARTNERS L.P.

COWTOWN PIPELINE PARTNERS L.P.

CRESTWOOD NEW MEXICO PIPELINE LLC

CRESTWOOD PIPELINE LLC

CRESTWOOD PANHANDLE PIPELINE LLC

CRESTWOOD ARKANSAS PIPELINE LLCexv4w4

Exhibit 4.4

REGISTRATION RIGHTS AGREEMENT

BY AND AMONG

CRESTWOOD MIDSTREAM PARTNERS LP

AND

THE PURCHASERS PARTY HERETO

DATED AS OF APRIL 1, 2011

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page
	ARTICLE I. DEFINITIONS
	 	 	1	 
	Section 1.1 Registrable Securities
	 	 	 4	 
	Section 1.2 Right and Obligations
	 	 	 4	 
	ARTICLE II. REGISTRATION RIGHTS
	 	 	4	 
	Section 2.1 Registration
	 	 	 4	 
	Section 2.2 Piggyback Rights
	 	 	 7	 
	Section 2.3 Underwritten Offering
	 	 	 9	 
	Section 2.4 Sale Procedures
	 	 	 9	 
	Section 2.5 Cooperation by Holders
	 	 	12	 
	Section 2.6 Restrictions on Public Sale by Holders of Registrable Securities
	 	 	12	 
	Section 2.7 Expenses
	 	 	12	 
	Section 2.8 Indemnification
	 	 	13	 
	Section 2.9 Rule 144 Reporting
	 	 	15	 
	Section 2.10 Transfer or Assignment of Registration Rights
	 	 	16	 
	Section 2.11 Limitation on Subsequent Registration Rights
	 	 	16	 
	ARTICLE III. MISCELLANEOUS
	 	 	16	 
	Section 3.1 Communications
	 	 	16	 
	Section 3.2 Successor and Assigns
	 	 	17	 
	Section 3.3 Assignment of Rights
	 	 	17	 
	Section 3.4 Recapitalization, Exchanges, Etc. Affecting the Units
	 	 	17	 
	Section 3.5 Aggregation of Restricted Units
	 	 	18	 
	Section 3.6 Specific Performance
	 	 	18	 
	Section 3.7 Counterparts
	 	 	18	 
	Section 3.8 Headings
	 	 	18	 
	Section 3.9 Governing Law
	 	 	18	 
	Section 3.10 Severability of Provisions
	 	 	18	 
	Section 3.11 Entire Agreement
	 	 	18	 
	Section 3.12 Amendment
	 	 	18	 
	Section 3.13 No Presumption
	 	 	18	 
	Section 3.14 Obligations Limited to Parties to Agreement
	 	 	19	 
	Section 3.15 Interpretation
	 	 	19	 
	Section 3.16 Equal Treatment of Purchasers
	 	 	19	 

i

 

REGISTRATION RIGHTS AGREEMENT

     THIS REGISTRATION RIGHTS AGREEMENT (this “Agreement”) is made and entered into as of
April 1, 2011, by and among CRESTWOOD MIDSTREAM PARTNERS LP, a Delaware limited partnership (the
“Partnership”), and the purchasers listed on Schedule 1 hereto (each a “Purchaser”
and collectively, the “Purchasers”).

     WHEREAS, this Agreement is made in connection with the Closing of the issuance and sale of
Purchased Units representing limited partnership interests in the Partnership, pursuant to that
certain Class C Unit Purchase Agreement, dated as of February 18, 2011, by and among the
Partnership and the Purchasers named therein (the “Purchase Agreement”); and

     WHEREAS, the Partnership has agreed to provide the registration and other rights set forth in
this Agreement for the benefit of the Purchasers of the Purchased Units pursuant to the Purchase
Agreement.

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

ARTICLE I.

DEFINITIONS

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

     “Affiliate” means, with respect to a specified Person, any other Person, whether now
in existence or hereafter created, directly or indirectly controlling, controlled by or under
direct or indirect common control with such specified Person. For purposes of this definition,
“control” (including, with correlative meanings, “controlling,” “controlled by,” and “under common
control with”) means the power to direct or cause the direction of the management and policies of
such Person, directly or indirectly, whether through the ownership of voting securities, by
contract or otherwise.

     “Agreement” has the meaning specified therefor in the recitals hereof.

     “Class B Units” means the Class B Units representing limited partnership interests in
the Partnership having the rights and obligations specified in the Partnership Agreement.

     “Class C Unit Price” means the amount per Class C Unit each Purchaser will pay to the
Partnership to purchase the Purchased Units.

     “Class C Units” means the Class C Units representing limited partnership interests in
the Partnership having the rights and obligations specified in the Partnership Agreement Amendment.

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

 

 

     “Common Units” means common units representing limited partner interests in the
Partnership other than the Class B Units and the Class C Units.

     “Conversion Date” means the date that the Class C Units are converted into Common
Units.

     “Converted Class C Units” means Common Units resulting from the conversion of Class C
Units pursuant to the terms of Section 5.12 of the Partnership Agreement Amendment.

     “EDGAR” means the Electronic Data Gathering, Analysis and Retrieval System of the
Commission, or any successor system thereto.

     “Effectiveness Period” has the meaning specified therefor in Section 2.1(a) of this
Agreement.

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

     “Included Registrable Securities” has the meaning specified therefor in Section 2.2(a)
of this Agreement.

     “Liquidated Damages” has the meaning specified therefor in Section 2.1(b) of this
Agreement.

     “Liquidated Damages Multiplier” has the meaning specified therefor in Section 2.1(b)
of this Agreement.

     “Losses” has the meaning specified therefor in Section 2.7(a) of this Agreement.

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

     “Parity Securities” has the meaning specified therefor in Section 2.2(b) of this
Agreement.

     “Partnership” has the meaning specified therefor in the recitals hereof.

     “Partnership Agreement” means the Second Amended and Restated Agreement of Limited
Partnership of the Partnership, formerly known as Quicksilver Gas Services, LP, dated as of
February 19, 2008.

     “Partnership Agreement Amendment” means the Second Amendment to the Partnership
Agreement in the form and substance attached as Exhibit C to the Purchase Agreement.

     “Person” means any individual, corporation, company, voluntary association,
partnership, joint venture, trust, limited liability company, unincorporated organization or
government or any agency, instrumentality or political subdivision thereof, or any other form of
entity.

     “Piggyback Opt-out Notice” has the meaning specified therefor in Section 2.2(a) of
this Agreement.

2

 

     “Purchase Agreement” has the meaning specified therefor in the recitals hereof.

     “Purchased Units” means the Class C Units to be issued and sold to the Purchasers
pursuant to the Purchase Agreement.

     “Purchaser” or “Purchasers” has the meaning specified therefor in the
introductory paragraph of this Agreement.

     “Registrable Securities” means (i) the Purchased Units, (ii) any Class C Units issued
as payment of Liquidated Damages pursuant to Section 2.1 of this Agreement; (iii) any Class C Units
issued in lieu of distributions by the Partnership; and (iv) any Common Units into which the Class
C Units are convertible, all of which Registrable Securities are subject to the rights provided
herein until such time as such securities cease to be Registrable Securities pursuant to Section
1.1 hereof.

     “Registration Expenses” has the meaning specified therefor in Section 2.7(b) of this
Agreement.

     “Resale Opt-out Notice” has the meaning specified therefor in Section 2.1(a) of this
Agreement.

     “Resale Registration Statement” means a registration statement under the Securities
Act to permit the public resale of the Registrable Securities from time to time, including as
permitted by Rule 415 under the Securities Act (or any similar provision then in force under the
Securities Act).

     “Selling Expenses” has the meaning specified therefor in Section 2.7(b) of this
Agreement.

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

     “Selling Holder Indemnified Persons” has the meaning specified therefor in Section
2.7(a) of this Agreement.

     “Target Effective Date” has the meaning specified therefor in Section 2.1(a) of this
Agreement.

     “Underwritten Offering” means an offering (including an offering pursuant to a Resale
Registration Statement) in which Common Units are sold to an underwriter on a firm commitment basis
for reoffering to the public or an offering that is a “bought deal” with one or more investment
banks.

     “Walled Off Person” has the meaning specified therefor in Section 2.6 of this
Agreement.

     “WKSI” means a well-known seasoned issuer (as defined in the rules and regulations of
the Commission).

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     Section 1.1 Registrable Securities. Any Registrable Security will cease to be a
Registrable Security (a) when a registration statement covering the Registrable Security becomes or
is declared effective by the Commission and the Registrable Security has been sold or disposed of
pursuant to such effective registration statement; (b) when such Registrable Security has been
disposed of pursuant to any section of Rule 144 (or any similar provision then in force) under the
Securities Act; (c) when such Registrable Security has been disposed of in a private transaction
pursuant to which the transferor’s rights have not been assigned to the transferee in accordance
with Section 2.10 of this Agreement; (d) when such Registrable Security is held by the Partnership
or its Subsidiaries; or (e) the later of (i) one year from the Conversion Date or (ii) the date on
which such Registrable Security may be sold pursuant to any section of Rule 144 under the
Securities Act (or any similar provision then in force under the Securities Act) without any
restriction (including, if the Holder is an Affiliate of the Partnership, restrictions that apply
to sales by Affiliates).

     Section 1.2 Right and Obligations. Except for the rights and obligations under
Section 2.8 herein, all rights and obligations of each Holder under this Agreement, and all rights
and obligations of the Partnership under this Agreement with respect to such Holders, shall
terminate when such Holder is no longer a Holder.

ARTICLE II.

REGISTRATION RIGHTS

     Section 2.1 Registration.

          (a) Request for Filing and Deadline To Become Effective. As soon as practicable
following the receipt of a request from any Holder to register its Registrable Securities, the
Partnership shall notify all Holders that a Resale Registration Statement will be filed within 30
days from the date such request is made. Within five (5) Business Days of receipt of the notice of
the filing, such Holders shall notify the Partnership whether they wish to have their Registrable
Securities included in the Resale Registration Statement. If a Holder does not respond within such
time period, it will be deemed to have chosen not to have its Registrable Securities included. The
Partnership shall prepare and file a Resale Registration Statement under the Securities Act with
respect to all of the Registrable Securities of the Holders that have requested inclusion thereon.
The Resale Registration Statement filed pursuant to this Section 2.1(a) shall be on such
appropriate registration form of the Commission as shall be selected by the Partnership. The
Partnership shall use its commercially reasonable efforts to cause the Resale Registration
Statement to become effective no later than 90 days following the date it is initially filed (the
“Target Effective Date”). The Partnership will use its commercially reasonable efforts to
cause the Resale Registration Statement filed pursuant to this Section 2.1 to be continuously
effective under the Securities Act until all Registrable Securities covered by the Resale
Registration Statement have ceased to be Registrable Securities (the “Effectiveness
Period”). The Resale Registration Statement when declared effective (including the documents
incorporated therein by reference) will comply as to form in all material respects with all
applicable requirements of the Securities Act and the Exchange Act and will not contain an untrue
statement of a material fact or omit to state a material fact required to be stated therein or
necessary to make the statements therein not misleading (and, in the case of any prospectus
contained in such Resale Registration Statement, in the light of the circumstances under which a

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statement is made). As soon as practicable following the date that the Resale Registration
Statement becomes effective, but in any event within five Business Days of such date, the
Partnership shall provide the Holders with written notice of the effectiveness of the Resale
Registration Statement. Any Holder may deliver advance written notice (a “Resale Opt-Out
Notice”) to the Partnership requesting that such Holder not receive notice of any request to
file a Resale Registration Statement; provided, however, that such Holder may later revoke any such
Resale Opt-Out Notice in writing. Following receipt of a Resale Opt-Out Notice from a Holder
(unless subsequently revoked), the Partnership shall not be required to deliver any notice to such
Holder pursuant to this Section 2.1 and such Holder shall no longer be entitled to be included in
any Resale Registration Statement filed by the Partnership pursuant to this Section 2.1. The
Holders indicated on Schedule 1 hereto shall each be deemed to have delivered a Resale Opt-Out
Notice as of the date hereof.

          (b) Failure To Become Effective. If the Resale Registration Statement required by
Section 2.1(a) does not become or is not declared effective on or before the Target Effective Date,
then the Partnership shall pay each Holder (with respect to either the Purchased Units or the
Converted Class C Units, as applicable, of each such Holder which are included on such Resale
Registration Statement), as liquidated damages and not as a penalty, (i) for each non-overlapping
30-day period for the first 60 days following the Target Effective Date, an amount equal to (A)
0.25% times (B) the product of (x) the Class C Unit Price times (y) the number of Purchased Units
or the Converted Class C Units, as applicable, then held by such Holder and included on such Resale
Registration Statement and which may not otherwise be disposed of pursuant to Rule 144 without any
restriction, including if the Holder is an Affiliate of the Partnership, restrictions that apply to
sales by Affiliates (such product of (x) and (y) being the “Liquidated Damages
Multiplier”), and (ii) for each non-overlapping 30-day period beginning on the 61st day
following the Target Effective Date, with such payment amount increasing by an additional amount
equal to 0.25% times the Liquidated Damages Multiplier per non-overlapping 30-day period for each
subsequent 60 days (i.e., 0.5% for 61-120 days, 0.75% for 121-180 days, and 1.0% thereafter) up to
a maximum amount equal to 1.0% times the Liquidated Damages Multiplier per non-overlapping 30-day
period (the “Liquidated Damages”); provided, that the aggregate amount of Liquidated
Damages payable by the Partnership per Purchased Unit or Converted Class C Unit, as applicable, may
not exceed 5.0% of the Class C Unit Price. The Liquidated Damages payable pursuant to the
immediately preceding sentence shall be payable within ten Business Days after the end of each such
non-overlapping 30-day period. Any Liquidated Damages shall be paid to each Holder in cash;
provided, however, if the Partnership certifies that it is unable to pay Liquidated Damages in cash
because such payment will violate a covenant in an existing credit agreement or other indebtedness,
then the Partnership may, in its sole discretion, pay the Liquidated Damages in kind in the form of
the issuance of Class C Units, unless otherwise not permitted. Upon any issuance of Class C Units
as Liquidated Damages, the Partnership shall promptly prepare and file a supplemental listing
application with the NYSE to list such Converted Class C Units. The determination of the number of
Class C Units to be paid as Liquidated Damages shall be based on the volume-weighted average price
of the Common Units for the ten trading days immediately preceding the date on which the Liquidated
Damages payment is due, less a discount of 2%. The payment of Liquidated Damages under this
Section 2.1(b) and Section 2.1(e) to a Holder shall cease at such time as the Resale Registration
Statement becomes or is declared effective by the Commission or at such time as the securities
included on the Resale Registration Statement are no longer Registrable Securities or may be

5

 

disposed of pursuant to Rule 144 without any restriction (including, if the Holder is an
Affiliate of the Partnership, restrictions that apply to sales by Affiliates), and shall be
prorated for any period of less than 30 days in which the Liquidated Damages cease.

          (c) Waiver of Liquidated Damages. If the Partnership is unable to cause a Resale
Registration Statement to become effective by the Target Effective Date as a result of an
acquisition, merger, reorganization, disposition or other similar transaction, then the Partnership
may request a waiver of the Liquidated Damages, which may be granted by the consent of the Holders
of a majority of the outstanding Registrable Securities that have been included on such Resale
Registration Statement, in their sole discretion, and which such waiver shall apply to all the
Holders of Registrable Securities included on such Resale Registration Statement.

          (d) Delay Rights. Notwithstanding anything to the contrary contained herein, the
Partnership may, upon written notice to any Selling Holder whose Registrable Securities are
included in the Resale Registration Statement, suspend such Selling Holder’s use of any prospectus
which is a part of the Resale Registration Statement (in which event the Selling Holder shall
discontinue sales of the Registrable Securities pursuant to the Resale Registration Statement but
may settle any previously made sales of Registrable Securities) if (i) the Partnership is pursuing
an acquisition, merger, reorganization, disposition or other similar transaction and the
Partnership determines in good faith that the Partnership’s ability to pursue or consummate such a
transaction would be materially adversely affected by any required disclosure of such transaction
in the Resale Registration Statement or (ii) the Partnership has experienced some other material
non-public event the disclosure of which at such time, in the good faith judgment of the
Partnership, would materially adversely affect the Partnership; provided, however, in no event
shall the Selling Holders be suspended from selling Registrable Securities pursuant to the Resale
Registration Statement for a period that exceeds an aggregate of 60 days in any 180-day period or
105 days in any 365-day period, in each case, exclusive of days covered by any lock-up agreement
executed by a Selling Holder in connection with any Underwritten Offering. Upon disclosure of such
information or the termination of the condition described above, the Partnership shall provide
prompt notice to the Selling Holders whose Registrable Securities are included in the Resale
Registration Statement, and shall promptly terminate any suspension of sales it has put into effect
and shall take such other reasonable actions to permit registered sales of Registrable Securities
as contemplated in this Agreement.

          (e) Additional Rights to Liquidated Damages. If (i) the Holders shall be prohibited
from selling their Registrable Securities under the Resale Registration Statement as a result of a
suspension pursuant to Section 2.1(d) of this Agreement in excess of the periods permitted therein
or (ii) the Resale Registration Statement is filed and declared effective but, during the
Effectiveness Period, shall thereafter cease to be effective or fail to be usable for its intended
purpose without being succeeded within 60 days by a post-effective amendment pursuant thereto, a
supplement to the prospectus or a report filed with the Commission pursuant to Section 13(a),
13(c), 14 or 15(d) of the Exchange Act, then until the suspension is lifted or a post-effective
amendment, supplement or report is filed with the Commission and declared effective, but not
including any day on which a suspension is lifted or such amendment, supplement or report is
declared effective, if applicable, the Partnership shall owe the Holder an amount equal to the
Liquidated Damages, following the earlier of (i) the date on which the suspension period exceeded
the permitted period or (ii) the 61st day after the Resale Registration

6

 

Statement ceased to be effective or failed to be useable for its intended purposes. All of
the provisions in Section 2.1(b) with respect to the payment of the Liquidated Damages, including
but not limited to the ability to issue additional Class C Units in lieu of cash payments, the time
period in which payments are due, and the determination of the number of Class C Units to issue as
Liquidated Damages shall be applicable to the Liquidated Damages payable hereunder. For purposes
of this Section 2.1(e), a suspension shall be deemed lifted on the date that notice that the
suspension has been lifted is delivered to the Holders pursuant to Section 3.1 of this Agreement.

          (f) Termination of Rights. Other than as set forth otherwise in this Agreement, a
Holder’s rights (and any transferee’s rights pursuant to Section 2.10) under this Section 2.1,
including rights to Liquidated Damages (other than Liquidated Damages owing but not yet paid),
shall terminate upon the termination of the Effectiveness Period.

          (g) No Demand Rights. Notwithstanding any other provision of this Agreement, no
Holder of Registrable Securities shall be entitled to any “demand” rights or similar rights that
would require the Partnership to effect an Underwritten Offering solely on behalf of such Holder.

     Section 2.2 Piggyback Rights.

          (a) Underwritten Offering Piggyback Rights. Following such time as the Class C Units
have been converted into Common Units and if such Common Units are still Registrable Securities, if
the Partnership proposes to file (i) a registration statement and such Holder has not previously
included its Registrable Securities in a Resale Registration Statement contemplated by Section
2.1(a) of this Agreement that is currently effective, or (ii) a prospectus supplement to an
effective registration statement, so long as the Corporation is a WKSI at such time or, whether or
not the Corporation is a WKSI, so long as the Registrable Securities were previously included in
the underlying shelf Registration Statement or are included on an effective Resale Registration
Statement, or in any case in which Holders may participate in such offering without the filing of a
post-effective amendment, in each case, for the sale of Common Units in an Underwritten Offering
for its own account and/or another Person, other than (a) a registration relating solely to
employee benefit plans, (b) a registration relating solely to a Rule 145 transaction, or (c) a
registration on any registration form which does not permit secondary sales, then as soon as
practicable following the engagement of counsel by the Partnership to prepare the documents to be
used in connection with an Underwritten Offering, the Partnership shall give notice (including, but
not limited to, notification by electronic mail) of such proposed Underwritten Offering to each
Holder owning more than $10.0 million of such Common Units, calculated on the basis of the Class C
Unit Price, and such notice shall offer such Holder the opportunity to participate in any
Underwritten Offering and to include in such Underwritten Offering such number of Registrable
Securities that are Common Units (the “Included Registrable Securities”) as each such
Holder may request in writing, subject to any registration rights existing prior to the Closing
Date and customary underwriter cutbacks; provided, however, that the Partnership shall not be
required to provide such opportunity (i) to any such Holder that does not offer a minimum of $10.0
million of Registrable Securities (based on the Class C Unit Price), or (ii) to such Holders if the
Partnership has been advised by the Managing Underwriter that the inclusion of Registrable
Securities for sale for the benefit of the Holders will have an adverse effect on the price, timing
or distribution of the Common Units in the Underwritten Offering, then the amount

7

 

of Registrable Securities to be offered for the accounts of Holders shall be determined based
on the provisions of Section 2.2(b). Any notice required to be provided in this Section 2.2(a) to
Holders shall be provided on a Business Day pursuant to Section 3.1 hereof and receipt of such
notice shall be confirmed by the Holder. The Holder will have two Business Days (or one Business
Day in connection with any overnight or bought Underwritten Offering) after notice has been
delivered to request in writing the inclusion of Registrable Securities that are Common Units in
the Underwritten Offering. If no written request for inclusion from a Holder is received within
the specified time, each such Holder shall have no further right to participate in such
Underwritten Offering. If, at any time after giving written notice of its intention to undertake
an Underwritten Offering and prior to the closing of such Underwritten Offering, the Partnership
shall determine for any reason not to undertake or to delay such Underwritten Offering, the
Partnership may, at its election, give written notice of such determination to the Selling Holders
and, (x) in the case of a determination not to undertake such Underwritten Offering, shall be
relieved of its obligation to sell any Included Registrable Securities in connection with such
terminated Underwritten Offering, and (y) in the case of a determination to delay such Underwritten
Offering, shall be permitted to delay offering any Included Registrable Securities for the same
period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to
withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Registrable
Securities in such Underwritten Offering by giving written notice to the Partnership of such
withdrawal at or prior to the time of pricing of such Underwritten Offering. Any Holder may
deliver written notice (an “Piggyback Opt-Out Notice”) to the Partnership requesting that
such Holder not receive notice from the Partnership of any proposed Underwritten Offering;
provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing.
Following receipt of an Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the
Partnership shall not be required to deliver any notice to such Holder pursuant to this Section
2.2(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by the
Partnership pursuant to this Section 2.2(a). The Holders indicated on Schedule 1 hereto shall each
be deemed to have delivered an Piggyback Opt-Out Notice as of the date hereof.

          (b) Priority of Piggyback Rights. If the Managing Underwriter or Underwriters of any
proposed Underwritten Offering advises the Partnership that the total amount of Registrable
Securities that the Selling Holders and any other Persons intend to include in such offering
exceeds the number that can be sold in such offering without being likely to have an adverse effect
on the price, timing or distribution of the Common Units offered or the market for the Common
Units, then the Common Units to be included in such Underwritten Offering shall include the number
of Registrable Securities that are Common Units that such Managing Underwriter or Underwriters
advises the Partnership can be sold without having such adverse effect, with such number to be
allocated (i) first, to the Partnership and, (ii) second, pro rata among the Selling Holders who
have requested participation in such Underwritten Offering and any other holder of securities of
the Partnership having rights of registration that are neither expressly senior nor subordinated to
the Registrable Securities (the “Parity Securities”). The pro rata allocations for each
Selling Holder who has requested participation in such Underwritten Offering shall be the product
of (A) the aggregate number of Registrable Securities that are Common Units proposed to be sold in
such Underwritten Offering multiplied by (B) the fraction derived by dividing (x) the number of
Registrable Securities that are Common Units owned on the Closing Date by such Selling Holder by
(y) the aggregate number of Registrable Securities

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that are Common Units owned on the Closing Date by all Selling Holders plus the aggregate
number of Parity Securities owned on the Closing Date by all holders of Parity Securities that are
participating in the Underwritten Offering.

          (c) Termination of Piggyback Registration Rights. The piggyback rights under Section
2.2 will terminate at the earlier of (i) the time at which a Holder and its Affiliates own less
than $10.0 million of Common Units issued upon conversion of the Class C Units (based on the Class
C Unit Price) or (ii) the Common Units into which the Class C Units are convertible cease to be
Registrable Securities. When a Holder, together with any of its Affiliates who are also Holders,
owns less than $10.0 million of Registrable Securities that are Common Units (based on the Class C
Unit Price), it must notify the Partnership.

     Section 2.3 Underwritten Offering. General Procedures. In connection with
any Underwritten Offering under this Agreement, the Partnership shall be entitled to select the
Managing Underwriter or Underwriters in its sole discretion. In connection with an Underwritten
Offering contemplated by this Agreement in which a Selling Holder participates, each Selling Holder
and the Partnership shall be obligated to enter into an underwriting agreement with the Managing
Underwriter or Underwriters which contains such representations, covenants, indemnities and other
rights and obligations as are customary in underwriting agreements for firm commitment offerings of
equity securities. No Selling Holder may participate in an Underwritten Offering unless such
Selling Holder agrees to sell its Registrable Securities on the basis provided in such underwriting
agreement and completes and executes all questionnaires, powers of attorney, indemnities and other
documents reasonably required under the terms of such underwriting agreement. Each Selling Holder
may, at its option, require that any or all of the representations and warranties by, and the other
agreements on the part of, the Partnership to and for the benefit of such underwriters also be made
to and for such Selling Holder’s benefit and that any or all of the conditions precedent to the
obligations of such underwriters under such underwriting agreement also be conditions precedent to
its obligations. No Selling Holder shall be required to make any representations or warranties to
or agreements with the Partnership or the underwriters other than representations, warranties or
agreements regarding such Selling Holder, its authority to enter into such underwriting agreement
and to sell, and its ownership of the securities being registered on its behalf and its intended
method of distribution and any other representation required by law. If any Selling Holder
disapproves of the terms of an Underwritten Offering, such Selling Holder may elect to withdraw
therefrom by notice to the Partnership and the Managing Underwriter; provided, however, that such
withdrawal must be made at least one Business Day prior to the time of pricing of such Underwritten
Offering to be effective. No such withdrawal or abandonment shall affect the Partnership’s
obligation to pay Registration Expenses.

     Section 2.4 Sale Procedures. In connection with its obligations under this Article
II, the Partnership will, as expeditiously as possible:

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

9

 

          (b) furnish to each Selling Holder (i) as far in advance as reasonably practicable before
filing the Resale Registration Statement or any supplement or amendment thereto, upon request,
copies of reasonably complete drafts of all such documents proposed to be filed (including exhibits
and each document incorporated by reference therein to the extent then required by the rules and
regulations of the Commission), and provide each such Selling Holder the opportunity to object to
any information pertaining to such Selling Holder and its plan of distribution that is contained
therein and make the corrections reasonably requested by such Selling Holder with respect to such
information prior to filing the Resale Registration Statement or supplement or amendment thereto,
and (ii) such number of copies of the Resale Registration Statement and the prospectus included
therein and any supplements and amendments thereto as such Selling Holder may reasonably request in
order to facilitate the public sale or other disposition of the Registrable Securities covered by
such Resale Registration Statement;

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

          (d) promptly notify each Selling Holder, at any time when a prospectus relating thereto is
required to be delivered by any of them under the Securities Act, of (i) the filing of the Resale
Registration Statement or any prospectus or prospectus supplement to be used in connection
therewith, or any amendment or supplement thereto, and, with respect to such Resale Registration
Statement or any post-effective amendment thereto, when the same has become effective; and (ii) the
receipt of any written comments from the Commission with respect to any filing referred to in
clause (i) and any written request by the Commission for amendments or supplements to the Resale
Registration Statement or any prospectus or prospectus supplement thereto;

          (e) immediately notify each Selling Holder, at any time when a prospectus relating thereto is
required to be delivered under the Securities Act, of (i) the happening of any event as a result of
which the prospectus or prospectus supplement contained in the Resale Registration Statement, as
then in effect, includes an untrue statement of a material fact or omits to state any material fact
required to be stated therein or necessary to make the statements therein not misleading (in the
case of any prospectus contained therein, in the light of the circumstances under which a statement
is made); (ii) the issuance or express threat of issuance by the Commission of any stop order
suspending the effectiveness of the Resale Registration Statement, or the initiation of any
proceedings for that purpose; or (iii) the receipt by the Partnership of any notification with
respect to the suspension of the qualification of any Registrable Securities for sale under the
applicable securities or blue sky laws of any jurisdiction. Following the provision of such
notice, the Partnership agrees to as promptly as practicable amend or supplement the prospectus or
prospectus supplement or take other appropriate action so that the prospectus or prospectus
supplement does not include an untrue statement of a material fact or omit to state a material fact
required to be stated therein or necessary to make the statements therein not misleading in the
light of the circumstances then existing and to take such other commercially

10

 

reasonable action as is necessary to remove a stop order, suspension, threat thereof or
proceedings related thereto;

          (f) upon request and subject to appropriate confidentiality obligations, furnish to each
Selling Holder copies of any and all transmittal letters or other correspondence with the
Commission or any other governmental agency or self-regulatory body or other body having
jurisdiction (including any domestic or foreign securities exchange) relating to such offering of
Registrable Securities;

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

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

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

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

          (k) if requested by a Selling Holder, (i) incorporate in a prospectus supplement or
post-effective amendment such information as such Selling Holder reasonably requests to be included
therein relating to the sale and distribution of Registrable Securities, including information with
respect to the number of Registrable Securities being offered or sold, the purchase price being
paid therefor and any other terms of the offering of the Registrable Securities to be sold in such
offering; and (ii) make all required filings of such prospectus supplement or post-effective
amendment after being notified of the matters to be incorporated in such prospectus supplement or
post-effective amendment; and

          (l) The Partnership agrees that, if any Holder could reasonably be deemed to be an
“underwriter,” as defined in Section 2(a)(11) of the Securities Act, in connection with the Resale
Registration Statement and any amendment or supplement thereof, then the Partnership will
reasonably cooperate with such Holder in allowing such Holder to conduct customary “underwriter’s
due diligence” with respect to the Partnership and satisfy its obligations in respect thereof. In
addition, at any Holder’s request, the Partnership will furnish to such Holder, on the date of the
effectiveness of the Resale Registration Statement and thereafter from time to time on such dates
as such Holder may reasonably request, (i) a “cold comfort” letter, dated such date, from the
Partnership’s independent certified public accountants in form and substance as is customarily
given by independent certified public accountants to underwriters in an underwritten public
offering, addressed to such Holder, (ii) an opinion, dated as of such date, of counsel representing
the Partnership for purposes of the Resale Registration Statement, in form, scope

11

 

and substance as is customarily given in an underwritten public offering, including a standard
“10b-5” opinion for such offering, addressed to such Holder and (iii) a standard officer’s
certificate from the chief executive officer or chief financial officer, or other officers serving
such functions, of the General Partner addressed to the Holder; provided, however, that with
respect to any placement agent, the Partnership’s obligations with respect to Section 2.4) shall be
limited to one time, with an additional bring-down request within 30 days of the date of such
documents. Each Selling Holder, upon receipt of notice from the Partnership of the happening of
any event of the kind described in subsection (e) of Section 2.4, shall forthwith discontinue
offers and sales of the Registrable Securities until such Selling Holder’s receipt of the copies of
the supplemented or amended prospectus contemplated by subsection (e) of Section 2.4 or until it is
advised in writing by the Partnership that the use of the prospectus may be resumed and has
received copies of any additional or supplemental filings incorporated by reference in the
prospectus, and, if so directed by the Partnership, such Selling Holder will, or will request the
managing underwriter or underwriters, if any, to deliver to the Partnership (at the Partnership’s
expense) all copies in their possession or control, other than permanent file copies then in such
Selling Holder’s possession, of the prospectus covering such Registrable Securities current at the
time of receipt of such notice.

     Section 2.5 Cooperation by Holders. The Partnership shall have no obligation to
include Registrable Securities of a Holder in the Resale Registration Statement who has failed to
timely furnish such information that the Partnership determines, after consultation with its
counsel, is reasonably required in order for the registration statement or prospectus supplement,
as applicable, to comply with the Securities Act, including the execution of the initial Selling
Unitholder Notice and Questionnaire attached at Exhibit A to this Agreement by the date specified
thereon.

     Section 2.6 Restrictions on Public Sale by Holders of Registrable Securities. For so
long as the Purchased Units are Registrable Securities, each Holder agrees that it will not sell
any Class C Units, Common Units or other equity securities of the Partnership for a period of up to
60 days following the pricing date of an Underwritten Offering of equity securities by the
Partnership; provided, however, that the duration of the foregoing restrictions shall be no longer
than the duration of the shortest restriction imposed by the underwriters on the officers,
directors or any Affiliate of the Partnership. In addition, the provisions of this Section 2.6
shall not apply with respect to a Holder that (i) owns less than $10.0 million of Registrable
Securities based on the Class C Unit Price, or (ii) has delivered a Piggyback Opt-Out Notice or a
Resale Opt-Out Notice to the Partnership pursuant to Section 2.2 hereof. Subject to such Holder’s
compliance with its obligations under the U.S. federal securities laws and its internal policies:
(a) Holder, for purposes hereof, shall not be deemed to include any employees, subsidiaries or
Affiliates that are effectively walled off by appropriate “Chinese Wall” information barriers
approved by Holder’s legal or compliance department (and thus have not been privy to any
information concerning this transaction) (a “Walled Off Person”) and (b) the foregoing covenants in
this paragraph shall not apply to any transaction by or on behalf of Holder that was effected by a
Walled Off Person in the ordinary course of trading without the advice or participation of Holder
or receipt of confidential or other information regarding this transaction provided by Holder to
such entity.

     Section 2.7 Expenses.

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          (a) Expenses. The Partnership will pay all reasonable Registration Expenses as
determined in good faith. Each Selling Holder shall pay its pro rata share of all Selling Expenses
in connection with any sale of its Registrable Securities hereunder. In addition, except as
otherwise provided in Section 2.8 hereof, the Partnership shall not be responsible for legal fees
incurred by Holders in connection with the exercise of such Holders’ rights hereunder.

          (b) Certain Definitions. “Registration Expenses” means all expenses incident
to the Partnership’s performance under or compliance with this Agreement to effect the registration
of Registrable Securities on the Resale Registration Statement pursuant to Section 2.1 and the
disposition of such Registrable Securities, including, without limitation, all registration,
filing, securities exchange listing and NYSE fees, all registration, filing, qualification and
other fees and expenses of complying with securities or blue sky laws, fees of the Financial
Industry Regulatory Authority, fees of transfer agents and registrars, all word processing,
duplicating and printing expenses, any transfer taxes and the fees and disbursements of counsel and
independent public accountants for the Partnership, including the expenses of any special audits or
“cold comfort” letters required by or incident to such performance and compliance. “Selling
Expenses” means all underwriting fees, discounts and selling commissions or similar fees or
arrangements allocable to the sale of the Registrable Securities.

     Section 2.8 Indemnification.

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

13

 

          (b) By Each Selling Holder. Each Selling Holder agrees severally and not jointly to
indemnify and hold harmless the Partnership, the General Partner and each of their respective
directors, officers, employees and agents and each Person, if any, who controls the Partnership
within the meaning of the Securities Act or of the Exchange Act, and its directors, officers,
employees and agents, to the same extent as the foregoing indemnity from the Partnership to the
Selling Holders, but only with respect to information regarding such Selling Holder furnished in
writing by or on behalf of such Selling Holder expressly for inclusion in the Resale Registration
Statement, any preliminary prospectus, prospectus supplement, free writing prospectus or final
prospectus contained therein, or any amendment or supplement thereof; provided, however, that the
liability of each Selling Holder shall not be greater in amount than the dollar amount of the
proceeds (net of any Selling Expenses) received by such Selling Holder from the sale of the
Registrable Securities giving rise to such indemnification.

          (c) Notice. Promptly after receipt by an indemnified party hereunder of notice of the
commencement of any action, such indemnified party shall, if a claim in respect thereof is to be
made against the indemnifying party hereunder, notify the indemnifying party in writing thereof,
but the omission so to notify the indemnifying party shall not relieve it from any liability which
it may have to any indemnified party other than under this Section 2.8. In any action brought
against any indemnified party, it shall notify the indemnifying party of the commencement thereof.
The indemnifying party shall be entitled to participate in and, to the extent it shall wish, to
assume and undertake the defense thereof with counsel reasonably satisfactory to such indemnified
party and, after notice from the indemnifying party to such indemnified party of its election so to
assume and undertake the defense thereof, the indemnifying party shall not be liable to such
indemnified party under this Section 2.8 for any legal expenses subsequently incurred by such
indemnified party in connection with the defense thereof other than reasonable costs of
investigation and of liaison with counsel so selected; provided, however, that, (i) if the
indemnifying party has failed to assume the defense or employ counsel reasonably acceptable to the
indemnified party or (ii) if the defendants in any such action include both the indemnified party
and the indemnifying party and counsel to the indemnified party shall have concluded that there may
be reasonable defenses available to the indemnified party that are different from or additional to
those available to the indemnifying party, or if the interests of the indemnified party reasonably
may be deemed to conflict with the interests of the indemnifying party, then the indemnified party
shall have the right to select a separate counsel and to assume such legal defense and otherwise to
participate in the defense of such action, with the reasonable expenses and fees of such separate
counsel and other reasonable expenses related to such participation to be reimbursed by the
indemnifying party (provided appropriate documentation for such expense is also submitted with such
notice) as incurred; provided however, that the indemnified party will be required
to repay the indemnifying party any amounts paid to it for which it is determined the indemnified
party was not otherwise entitled within five calendar days of such determination. Notwithstanding
any other provision of this Agreement, no indemnifying party shall settle any action brought
against any indemnified party with respect to which such indemnified party is entitled to
indemnification hereunder without the consent of the indemnified party, unless the settlement
thereof imposes no liability or obligation on, and includes a complete and unconditional release
from all liability of, the indemnified party.

          (d) Contribution. If the indemnification provided for in this Section 2.8 is held by
a court or government agency of competent jurisdiction to be unavailable to any

14

 

indemnified party or is insufficient to hold them harmless in respect of any Losses, then each
such indemnifying party, in lieu of indemnifying such indemnified party, shall contribute to the
amount paid or payable by such indemnified party as a result of such Loss in such proportion as is
appropriate to reflect the relative fault of the indemnifying party on the one hand and of such
indemnified party on the other in connection with the statements or omissions which resulted in
such Losses, as well as any other relevant equitable considerations; provided, however, that in no
event shall such Selling Holder be required to contribute an aggregate amount in excess of the
dollar amount of proceeds (net of Selling Expenses) received by such Selling Holder from the sale
of Registrable Securities giving rise to such indemnification. The relative fault of the
indemnifying party on the one hand and the indemnified party on the other shall be determined by
reference to, among other things, whether the untrue or alleged untrue statement of a material fact
or the omission or alleged omission to state a material fact has been made by, or relates to,
information supplied by such party, and the parties’ relative intent, knowledge, access to
information and opportunity to correct or prevent such statement or omission. The parties hereto
agree that it would not be just and equitable if contributions pursuant to this paragraph were to
be determined by pro rata allocation or by any other method of allocation which does not take
account of the equitable considerations referred to herein. The amount paid by an indemnified
party as a result of the Losses referred to in the first sentence of this paragraph shall be deemed
to include any legal and other expenses reasonably incurred by such indemnified party in connection
with investigating or defending any Loss which is the subject of this paragraph. No person guilty
of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall
be entitled to contribution from any Person who is not guilty of such fraudulent misrepresentation.

          (e) Other Indemnification. The provisions of this Section 2.8 shall be in addition to
any other rights to indemnification or contribution which an indemnified party may have pursuant to
law, equity, contract or otherwise.

     Section 2.9 Rule 144 Reporting. With a view to making available the benefits of
certain rules and regulations of the Commission that may permit the sale of the Registrable
Securities to the public without registration, the Partnership agrees to use its commercially
reasonable efforts to:

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

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

          (c) So long as a Holder owns any Registrable Securities, furnish, unless otherwise available
at no charge by access electronically to the Commission’s EDGAR filing system, to such Holder
forthwith upon request a copy of the most recent annual or quarterly report of the Partnership, and
such other reports and documents so filed with the Commission as such Holder may reasonably request
in availing itself of any rule or regulation of the Commission allowing such Holder to sell any
such securities without registration.

15

 

If the Partnership fails for any reason to comply with the provisions of this Section 2.9 during
the period beginning on the date which is six months from the Closing Date and ending one year from
the Closing Date which prohibits a Holder from selling Purchased Units or the Converted Class C
Units, as applicable, then held by such Holder pursuant to Rule 144 under the Securities Act for
more than 20 days in the aggregate, then the Partnership shall pay to each such Holder (to the
extent such Holders Purchased Units or Class C Units, as applicable, are not otherwise included on
a Resale Registration Statement pursuant to Section 2.1) an amount equal to 0.25% times the
Liquidated Damages Multiplier for each 30 days in excess of such 20 days during which such Holder
is unable to sell the Purchased Units or the Converted Class C Units, with such payment amount
increasing by an additional amount equal to 0.25% times the Liquidated Damages Multiplier per
additional 30 days up to a maximum of 1% times the Liquidated Damages Multiplier; provided, that
the aggregate amount of Liquidated Damages payable by the Partnership per Purchased Unit may not
exceed 5.0% of the Class C Unit Price. All of the provisions in Section 2.1(b) with respect to the
payment of the Liquidated Damages, including but not limited to the ability to issue additional
Class C Units in lieu of cash payments, the time period in which payments are due, and the
determination of the number of Class C Units to issue as Liquidated Damages shall be applicable to
the Liquidated Damages payable hereunder.

     Section 2.10 Transfer or Assignment of Registration Rights. The rights to cause the
Partnership to register Registrable Securities granted to the Purchasers by the Partnership under
this Article II will be transferable or assignable by each Purchaser to an Affiliate of such
Purchaser or to a transferee or assignee of Registrable Securities, provided (a) the amount of
Registrable Securities transferred or assigned to a Person who is not an Affiliate must represent
at least $10.0 million, based on the Class C Unit Price, (b) the Partnership is given written
notice prior to any such transfer or assignment, stating the name and address of each such
transferee and identifying the securities with respect to which such registration rights are being
transferred or assigned, and (c) each such transferee agrees in writing to undertake responsibility
for its portion of the obligations of such Purchaser under this Agreement.

     Section 2.11 Limitation on Subsequent Registration Rights. From and after the date
hereof, the Partnership shall not, without the prior written consent of the Holders of a majority
of the outstanding Registrable Securities, enter into any agreement with any current or future
holder of any securities of the Partnership that would allow such current or future holder to
require the Partnership to include securities in any registration statement filed by the
Partnership on a basis other than pari passu with, or expressly subordinate to, the priority rights
set forth in Section 2.2(b) granted to the Holders of Registrable Securities hereunder.

ARTICLE III.

MISCELLANEOUS

     Section 3.1 Communications. All notices and other communications provided for or
permitted hereunder shall be made in writing by facsimile, electronic mail, courier service or
personal delivery:

          (a) if to a Purchaser, to the address set forth on Schedule 8.6 to the Purchase Agreement,
with a copy to:

16

 

Baker Botts L.L.P.

98 San Jacinto Blvd., Suite 1500

Austin, Texas 78701

Attention: Laura Lanza Tyson

Facsimile: (512) 322-8377

Email: laura.tyson@bakerbotts.com

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

          (c) if to the Partnership:

Crestwood Midstream Partners LP

717 Texas Avenue, Suite 3150

Houston, Texas 77002

Attention: Kelly Jameson

Facsimile: (832) 519-2250

Email: KJameson@crestwoodlp.com

          with a copy to:

Locke Lord Bissell & Liddell LLP

600 Travis Street, Suite 2800

Houston, Texas 77002

Attention: Kevin N. Peter

Facsimile: (713) 229-2666

Email: KPeter@lockelord.com

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

     Section 3.2 Successor and Assigns. This Agreement shall inure to the benefit of and
be binding upon the successors and assigns of each of the parties, including subsequent Holders of
Registrable Securities to the extent permitted herein.

     Section 3.3 Assignment of Rights. All or any portion of the rights and obligations of
any Purchaser under this Agreement may be transferred or assigned by such Purchaser in accordance
with Section 2.10 hereof.

     Section 3.4 Recapitalization, Exchanges, Etc. Affecting the Units. The provisions of
this Agreement shall apply to the full extent set forth herein with respect to any and all units of
the Partnership or any successor or assign of the Partnership (whether by merger, consolidation,
sale of assets or otherwise) which may be issued in respect of, in exchange for or in substitution
of, the Registrable Securities, and shall be appropriately adjusted for combinations, unit splits,
recapitalizations and the like occurring after the date of this Agreement.

17

 

     Section 3.5 Aggregation of Restricted Units. All Registrable Securities held or
acquired by Persons who are Affiliates of one another shall be aggregated together for the purpose
of determining the availability of any rights and applicability of any obligations under this
Agreement.

     Section 3.6 Specific Performance. Damages in the event of breach of this Agreement by
a party hereto may be difficult, if not impossible, to ascertain, and it is therefore agreed that
each such Person, in addition to and without limiting any other remedy or right it may have, will
have the right to an injunction or other equitable relief in any court of competent jurisdiction,
enjoining any such breach, and enforcing specifically the terms and provisions hereof, and each of
the parties hereto hereby waives any and all defenses it may have on the ground of lack of
jurisdiction or competence of the court to grant such an injunction or other equitable relief. The
existence of this right will not preclude any such Person from pursuing any other rights and
remedies at law or in equity which such Person may have.

     Section 3.7 Counterparts. This Agreement may be executed in any number of
counterparts and by different parties hereto in separate counterparts, each of which counterparts,
when so executed and delivered, shall be deemed to be an original and all of which counterparts,
taken together, shall constitute but one and the same Agreement.

     Section 3.8 Headings. The headings in this Agreement are for convenience of reference
only and shall not limit or otherwise affect the meaning hereof.

     Section 3.9 Governing Law. The Laws of the State of Texas shall govern this Agreement
without regard to principles of conflicts of Laws that would apply the substantive law of some
other jurisdiction.

     Section 3.10 Severability of Provisions. Any provision of this Agreement which is
prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to
the extent of such prohibition or unenforceability without invalidating the remaining provisions
hereof or affecting or impairing the validity or enforceability of such provision in any other
jurisdiction.

     Section 3.11 Entire Agreement. This Agreement is intended by the parties as a final
expression of their agreement and intended to be a complete and exclusive statement of the
agreement and understanding of the parties hereto in respect of the subject matter contained
herein. There are no restrictions, promises, warranties or undertakings, other than those set
forth or referred to herein with respect to the rights granted by the Partnership set forth herein.
This Agreement and the Purchase Agreement supersede all prior agreements and understandings
between the parties with respect to such subject matter.

     Section 3.12 Amendment. This Agreement may be amended only by means of a written
amendment signed by the Partnership and the Holders of a majority of the then outstanding
Registrable Securities; provided, however, that no such amendment shall materially and adversely
affect the rights of any Holder hereunder without the consent of such Holder.

     Section 3.13 No Presumption. If any claim is made by a party relating to any
conflict, omission, or ambiguity in this Agreement, no presumption or burden of proof or persuasion
shall

18

 

be implied by virtue of the fact that this Agreement was prepared by or at the request of a
particular party or its counsel.

     Section 3.14 Obligations Limited to Parties to Agreement. Each of the Parties hereto
covenants, agrees and acknowledges that no Person other than the Purchasers (and their permitted
assignees) and the Partnership shall have any obligation hereunder and that, notwithstanding that
one or more of the Purchasers may be a corporation, partnership or limited liability company, no
recourse under this Agreement or under any documents or instruments delivered in connection
herewith or therewith shall be had against any former, current or future director, officer,
employee, agent, general or limited partner, manager, member, stockholder or Affiliate of any of
the Purchasers or any former, current or future director, officer, employee, agent, general or
limited partner, manager, member, stockholder or Affiliate of any of the foregoing, whether by the
enforcement of any assessment or by any legal or equitable proceeding, or by virtue of any
applicable Law, it being expressly agreed and acknowledged that no personal liability whatsoever
shall attach to, be imposed on or otherwise by incurred by any former, current or future director,
officer, employee, agent, general or limited partner, manager, member, stockholder or Affiliate of
any of the Purchasers or any former, current or future director, officer, employee, agent, general
or limited partner, manager, member, stockholder or Affiliate of any of the foregoing, as such, for
any obligations of the Purchasers under this Agreement or any documents or instruments delivered in
connection herewith or therewith or for any claim based on, in respect of or by reason of such
obligation or its creation, except in each case for any assignee of a Purchaser hereunder.

     Section 3.15 Interpretation. Article, Exhibit and Section references in this
Agreement are references to the corresponding Article and Section to this Agreement, unless
otherwise specified. All references to instruments, documents, contracts and agreements are
references to such instruments, documents, contracts and agreements as the same may be amended,
supplemented and otherwise modified from time to time, unless otherwise specified. The word
“including” shall mean “including but not limited to.” Whenever any determination, consent or
approval is to be made or given by a Purchaser under this Agreement, such action shall be in such
Purchaser’s sole discretion unless otherwise specified.

     Section 3.16 Equal Treatment of Purchasers. Neither the Partnership nor any of its
Affiliates shall, directly or indirectly, offer to pay, pay or cause to be paid any
consideration, whether by way of interest, fee, payment for the redemptions or exchange of
Registrable Securities, or otherwise, to any holder of Registrable Securities for or as an
inducement to, or in connection with solicitation of, any consent, waiver or amendment of any terms
or provisions of the Registrable Securities or this Agreement or any of the other agreements
referred to in this Agreement unless such consideration is offered to all Holders.

19

 

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

	 	 	 	 	 
	 	CRESTWOOD MIDSTREAM PARTNERS LP

 	 
	 	By:  	Crestwood Gas Services GP LLC,
 	 
	 	 	its general partner 	 
	 	 	 
	 	By:  	                  /s/ Robert G. Phillips
 	 
	 	 	Name:  	Robert G. Phillips 	 
	 	 	Title:  	Chairman, President and CEO 	 
	 

Signature Page to Registration Rights Agreement

 

 

PURCHASERS

AT MLP Fund, LLC

Fiduciary/Claymore MLP Opportunity Fund

Teachers’ Retirement System of Oklahoma

MLP & Strategic Equity Fund

FAMCO MLP & Energy Infrastructure Fund

FAMCO MLP & Energy Income Fund

Kayne Anderson MLP Investment Company

Kayne Anderson Midstream/Energy Fund, Inc.

KA First Reserve, LLC

The Northwestern Mutual Life Insurance Company

Salient MLP Fund LP

Tortoise Energy Infrastructure Corporation

Tortoise Energy Capital Corporation

Tortoise North American Energy Corporation

Tortoise MLP Fund, Inc.

Signature Page to Registration Rights Agreement

 

 

SCHEDULE 1 — Investor Name; Resale Opt-Out Notice; Piggyback Opt-Out Notice and

Contact Information

Schedule 1

	 	 	 	 	 	 	 	 	 
	 	 	Resale Opt-Out	 	 	Piggyback Opt-Out	 
	Purchaser Name	 	Notice	 	 	Notice	 
	AT MLP Fund, LLC
	 	 	 	 	 	 	 	 
	Fiduciary/Claymore MLP Opportunity Fund
	 	 	 	 	 	 	 	 
	Teachers’ Retirement System of Oklahoma
	 	 	 	 	 	 	 	 
	MLP & Strategic Equity Fund Inc.
	 	 	 	 	 	 	 	 
	FAMCO MLP & Energy Infrastructure Fund
	 	 	 	 	 	 	 	 
	FAMCO MLP & Energy Income Fund
	 	 	 	 	 	 	 	 
	Kayne Anderson MLP Investment Company
	 	 	 	 	 	 	 	 
	Kayne Anderson Midstream/Energy Fund, Inc.
	 	 	 	 	 	 	 	 
	KA First Reserve, LLC
	 	 	 	 	 	 	 	 
	The Northwestern Mutual Life Insurance
Company
	 	 	 	 	 	 	 	 
	Salient MLP Fund LP
	 	 	 	 	 	 	 	 
	Tortoise Energy Infrastructure Corporation
	 	 	 	 	 	 	 	 
	Tortoise Energy Capital Corporation
	 	 	 	 	 	 	 	 
	Tortoise North American Energy Corporation
	 	 	 	 	 	 	 	 
	Tortoise MLP Fund, Inc.
	 	 	 	 	 	 	 	 

 

Exhibit A — Selling Unitholder Notice and Questionnaire

     Beneficial owners of our Class C Units and the Common Units into which they will convert that
do not complete this Notice and Questionnaire and deliver it to us as provided below will not be
named as selling unitholders in resale registration statements that may be filed by Crestwood
Midstream Partners LP with the Securities and Exchange Commission.

     Beneficial owners are encouraged to complete and deliver this Notice and Questionnaire as
promptly as practicable after their acquisition of Registrable Securities, and in any case no later
than [•], so that such beneficial owners may be named. Please see the fax, email and other contact
information on the signature page below.

     Certain legal consequences arise from being named a selling unitholder. Beneficial owners are
advised to consult their own securities law counsel regarding being named or not being named a
selling unitholder in the registration statement.

Notice

     The undersigned beneficial owner (the “Selling Unitholder”) of common units
representing limited partner interests (“Common Units”) in Crestwood Midstream Partners LP
(the “Partnership”) acquired in a private placement by the Partnership (such Common Units,
the “Registrable Securities”) hereby gives notice to the Partnership of its intention to
sell or otherwise dispose of Registrable Securities beneficially owned by it and listed below in
Item 3 (unless otherwise specified under Item 3) pursuant to a registration statement to be filed
by the Partnership (the “Resale Registration Statement”) with the Securities and Exchange
Commission. The undersigned, by signing and returning this Notice and Questionnaire, understands
that it will be bound by the terms and conditions of this Notice and Questionnaire and the
Registration Rights Agreement, including the indemnification provisions thereof.

     The undersigned hereby provides the following information to the Partnership and represents
and warrants that such information is accurate and complete as of the date hereof and undertakes to
provide the Partnership with updates of this information.

A-1

 

Questionnaire

	1. 	(a) 	 	Full legal name of Selling Unitholder:
	 
	 	 	 	 

	 	(b)	 	Full legal name of the broker-dealer or other third
party through which Registrable Securities listed
in Item (3) below are held:
	 
	 	 	 	 

	 
	 	(c)	 	Full legal name of the Depository Trust Company
participant (if applicable and if not the same as
(b) above) through which Registrable Securities
listed in (3) below are held:
	 
	 	 	 	 

	 
	 	(d)	 	Full legal name of the Depository Trust Company
participant (if applicable and if not the same as
(b) above) through which Registrable Securities
listed in (3) below are held:

	2.	 	Address for Notices to Selling Unitholder:
	 
	 	 	 

	 
	 	 	 

	 
	 	 	Email: 

	 
	 	 	Telephone, including area code: 

	 
	 	 	Fax, including area code: 

	 
	 	 	Contact Person: 

	3.	 	Ownership of Registrable Securities and Other Securities:

	 	 	 	Number of Registrable Securities Beneficially Owned:
	 
	 	 	 	 

	 
	 	 	 	 

	 
	 	 	 	Unless otherwise indicated in the space provided
below, all Registrable Securities listed in
response to Item (3) above will be included in the
Resale Registration Statement. If the undersigned
does not wish all such Registrable Securities to be
so included, please indicate below the number of
units to be included:
	 
	 	 	 	 

A-2

 

A “beneficial owner” of a security includes:

(1) Any person who, directly or indirectly, through any contract,
arrangement, understanding, relationship, or otherwise has or shares:

(a) voting power which includes the power to vote, or to direct the
voting of, such security; and/or,

(b) investment power which includes the power to dispose, or to
direct the disposition of, such security;

(2) Any person who, directly or indirectly, creates or uses a
trust, proxy, power of attorney, pooling arrangement or any other
contract, arrangement, or device with the purpose or effect of
divesting such person of beneficial ownership of a security or
preventing the vesting of such beneficial ownership as part of a
plan or scheme to evade the reporting requirements of section 13(d)
or (g) of the Securities Exchange Act of 1934, as amended; and

(3) Any person who has the right to acquire “beneficial ownership”
(defined by reference to paragraph (1) above) of such security
within sixty days, including but not limited to any right to
acquire: (a) through the exercise of any option, warrant or right;
(b) through the conversion of a security; (c) pursuant to the power
to revoke a trust, discretionary account, or similar arrangement;
or (d) pursuant to the automatic termination of a trust,
discretionary account or similar arrangement; provided, however,
any person who acquires a security or power specified in clauses
(a), (b) or (c) above, with the purpose or effect of changing or
influencing the control of the issuer, or in connection with or as
a participant in any transaction having such purpose or effect,
immediately upon such acquisition shall be deemed to be the
beneficial owner of the securities which may be acquired through
the exercise or conversion of such security or power.

	4.	 	Ownership of Other Securities Owned by the Selling Unitholder:
	 
	 	 	 

Except as set forth below in this Item (4), the undersigned is not
the beneficial or registered owner of any securities of the
Partnership other than the Registrable Securities listed above in
Item (3).

	 	(a)	 	Number of Other Securities of the Partnership beneficially owned by
the Selling Unitholder:
	 
	 	 	 	 

	 
	 	 	 	 

	 
	 	(b)	 	CUSIP No(s).of such other Partnership securities beneficially owned:
	 
	 	 	 	 

A-3

 

	5.	 	Voting or Investment Power Over the Selling Unitholder:

	 	(a)	 	Names of natural persons or entities who have sole or shared
investment power over the Registrable Securities and other securities
owned by the Selling Unitholder. For purposes of this Item 5,
“voting power” includes the power to vote or direct the voting of
such securities, and “investment power” includes the power to dispose
or direct the disposition of such securities.
	 
	 	(b)	 	Describe whether the natural persons or entities named in Item 5(a)
have sole voting or investment power over the Registrable Securities
and other securities owned by the Selling Unitholder.

	6.	 	Relationships with the Partnership:
	 
	 	 	Except as set forth below, neither the undersigned nor any of its
affiliates, officers, directors or principal equity holders (5% or
more) has held any position or office or has had any other material
relationship with the Partnership (or its predecessors or affiliates)
during the past three years.
	 
	 	 	State any exceptions here:

	7.	 	FINRA Relationships

	 	(a)	 	Are you (i) a FINRA Member (see definition below), (ii) a Controlling
(see definition below) shareholder of a FINRA Member, (iii) a Person
Associated with a Member of FINRA (see definition below), or (iv) an
Underwriter or a Related Person (see definition below) with respect
to the proposed offering; or (b) do you own any shares of common
stock or other securities of any FINRA Member not purchased in the
open market; or (c) have you made any outstanding subordinated loans
to any FINRA Member?
	 
	 	 	 	o Yes o No
	 
	 	 	 	If yes, please describe below:

A-4

 

	 	 	 	FINRA Member. The term “FINRA member” means either any broker or
dealer admitted to membership in the Financial Industry Regulatory
Authority, formerly known as the National Association of Securities
Dealers, Inc. (“FINRA”). (FINRA Manual, Bylaws Article I,
Definitions)
	 
	 	 	 	Control. The term “control” (including the terms “controlling,”
“controlled by” and “under common control with”) means the
possession, direct or indirect, of the power, either individually or
with others, to direct or cause the direction of the management and
policies of a person, whether through the ownership of voting
securities, by contract, or otherwise. (Rule 405 under the Securities
Act of 1933, as amended)
	 
	 	 	 	Person Associated with a Member of FINRA. The term “person associated
with a member of FINRA” means every sole proprietor, partner,
officer, director, branch manager or executive representative of any
FINRA Member, or any natural person occupying a similar status or
performing similar functions, or any natural person engaged in the
investment banking or securities business who is directly or
indirectly controlling or controlled by a FINRA Member, whether or
not such person is registered or exempt from registration with FINRA
pursuant to its bylaws. (FINRA Manual, Bylaws Article 1, Definitions)
	 
	 	 	 	Underwriter or a Related Person. The term “underwriter or a related
person” means, with respect to a proposed offering, underwriters,
underwriters’ counsel, financial consultants and advisors, finders,
members of the selling or distribution group, and any and all other
persons associated with or related to any of such persons. (FINRA
Interpretation)

	(b)	 	Have you provided any consulting or other services to the Partnership?
	 
	 	 	o Yes o No
	 
	 	 	If yes, please provide a detailed description of such services, a
statement as to all cash or non-cash compensation received in return
for such services, and copies of all agreements or correspondence
governing or describing such services:
	 
	 	 	 

	 
	 	 	 

	 
	 	 	 

	 
	 	 	 

	 
	 	 	 

	(c)	 	Do you have any oral or written agreements with any FINRA Member or
any person associated with a member of FINRA (see definition below)
concerning the disposition of your securities of the Partnership?
	 
	 	 	o Yes o No

A-5

 

	 	 	If yes, please describe:
	 
	 	 	 

	 
	 	 	 

	 
	 	 	 

	 
	 	 	 

	 
	 	 	 

	8.	 	If you are a FINRA Member or an affiliate of a FINRA Member (i.e. if
you answered “yes” to Question 7(a) above), please answer the
following questions:

	 	(a)	 	Do you currently have any plans to acquire, receive, distribute,
trade, sell or otherwise participate, in any capacity, in the
distribution of the Common Units to be registered or have you had any
discussions, formal or informal, regarding the potential for such an
arrangement?
	 
	 	 	 	o Yes o No
	 
	 	 	 	If yes, please provide complete details of any and all items of value
received or to be received by FINRA Members and/or affiliates thereof
in connection with such sales:
	 
	 	 	 	 

	 
	 	 	 	 

	 
	 	 	 	 

	 
	 	 	 	 

	 
	 	 	 	 

	 
	 	(b)	 	Have you provided or will you be providing any investment banking,
commercial banking and/or financial advisory services to the
Partnership during the 180-day period preceding the filing of this
offering with the SEC or the 90-days following effectiveness of this
offering?
	 
	 	 	 	o Yes o No
	 
	 	 	 	 

	 
	 	 	 	 

	 
	 	 	 	 

	 
	 	 	 	 

	 
	 	 	 	 

	 
	 	(c)	 	If yes, please provide the complete details of such services and any compensation
received or to be received for such services:
	 
	 	 	 	 

	 
	 	 	 	 

	 
	 	 	 	 

	 
	 	 	 	 

	 
	 	 	 	 

A-6

 

	9.	 	Plan of distribution:
	 
	 	 	Except as set forth below, the undersigned (including its donees or
pledgees) intends to distribute the Registrable Securities listed
above in Item (3) pursuant to the Resale Registration Statement only
as follows (if at all): Such Registrable Securities may be sold from
time to time directly by the undersigned or alternatively through
underwriters or broker-dealers or agents. If the Registrable
Securities are sold through underwriters or broker-dealers, the
Selling Unitholder will be responsible for underwriting discounts or
commissions or agents’ commissions and their professional fees. Such
Registrable Securities may be sold in one or more transactions at
fixed prices, at prevailing market prices at the time of sale, at
varying prices determined at the time of sale, or at negotiated
prices. Such sales may be effected in transactions (which may involve
block transactions) (i) on any national securities exchange or
quotation service on which the Registrable Securities may be listed or
quoted at the time of sale, (ii) in the over-the-counter market, (iii)
in transactions otherwise than on such exchanges or services or in the
over-the-counter market or (iv) through the writing of options. In
connection with the sales of Registrable Securities or otherwise, the
undersigned may enter into hedging transactions with broker-dealers,
which may in turn engage in short sales of Registrable Securities in
the course of hedging positions they assume. The undersigned may also
sell Registrable Securities short and deliver Registrable Securities
to close out short positions, or loan or pledge Registrable Securities
to broker-dealers that in turn may sell such securities. The Selling
Unitholder may pledge or grant a security interest in some or all of
the Registrable Securities owned by it and, if it defaults in the
performance of its secured obligations, the pledgees or secured
parties may offer and sell the Registrable Securities from time to
time. The Selling Unitholder also may transfer and donate Registrable
Securities in other circumstances in which case the transferees,
donees, pledgees or other successors in interest will be the Selling
Unitholder for purposes of the prospectus.
	 
	 	 	State any exceptions here:
	 
	 	 	 

	 
	 	 	 

	 
	 	 	 

	 
	 	 	Note: In no event will such method(s) of distribution take the form
of an underwritten offering of the Registrable Securities without the
prior agreement of the Partnership.

A-7

 

     The undersigned acknowledges that it understands its obligation to comply with the provisions
of the Securities Exchange Act of 1934, as amended, and the rules thereunder relating to stock
manipulation, particularly Regulation M thereunder (or any successor rules or regulations) and the
provisions of the Securities Act relating to prospectus delivery, in connection with any offering
of Registrable Securities pursuant to the Resale Registration Statement. The undersigned agrees
that neither it nor any person acting on its behalf will engage in any transaction in violation of
such provisions.

     The Selling Unitholder hereby acknowledges its obligations under the Registration Rights
Agreement to indemnify and hold harmless certain persons set forth therein.

     In accordance with the undersigned’s obligation under the Registration Rights Agreement to
provide such information as may be required by law for inclusion in the Resale Registration
Statement, the undersigned agrees to promptly notify the Partnership of any inaccuracies or changes
in the information provided herein that may occur subsequent to the date hereof at any time while
the Resale Registration Statement remains effective.

     All notices hereunder and pursuant to the Registration Rights Agreement shall be made in
writing at the address set forth below.

     By signing below, the undersigned consents to the disclosure of the information contained
herein in its answers to items (1) through (9) above and the inclusion of such information in the
Resale Registration Statement and the related prospectus. The undersigned understands that such
information will be relied upon by the Partnership in connection with the preparation or amendment
of the Resale Registration Statement and the related prospectus.

     By signing below, the undersigned agrees that if the Partnership notifies the undersigned that
the Resale Registration Statement is not available, the undersigned will suspend use of the
prospectus until receipt of notice from the Partnership that the prospectus is again available.

A-8

 

     IN WITNESS WHEREOF, the undersigned, by authority duly given, has caused this Notice and
Questionnaire to be executed and delivered either in person or by its duly authorized agent.

Name of Holder: __________________________

Signature of Authorized Signatory of Holder: __________________________

Name of Authorized Signatory: _________________________

Title of Authorized Signatory: __________________________

Dated: _________________

Signature Page to Questionnaire

 

PLEASE RETURN THE COMPLETED AND EXECUTED

NOTICE AND QUESTIONNAIRE:

(1) by fax or email by [•] to:

Crestwood Midstream Partners LP

c/o Locke Lord Bissell & Liddell LLP

600 Travis Street, Suite 2800

Houston, Texas 77002

Attention: Kevin N. Peter

Facsimile: (713) 229-2666

Email: KPeter@lockelord.com

and (2) return the original, executed notice and questionnaire to the same at the address above.

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