Document:

EX-10.8

 Exhibit 10.8 

CONTRIBUTION, CONVEYANCE AND ASSUMPTION 

AGREEMENT 
 By and Among

 PENNTEX MIDSTREAM PARTNERS, LP 

PENNTEX MIDSTREAM PARTNERS, LLC 

PENNTEX NORTH LOUISIANA, LLC 

PENNTEX NLA HOLDINGS, LLC 

MRD WHR LA MIDSTREAM LLC 

AND 
 PENNTEX MIDSTREAM
OPERATING, LLC 
 Dated as of [—], 2015 

 CONTRIBUTION, CONVEYANCE AND ASSUMPTION AGREEMENT 

This Contribution, Conveyance and Assumption Agreement, dated as of [—], 2015 (as amended
or supplemented from time to time, this “Agreement”), is by and among PennTex Midstream Partners, LP, a Delaware limited partnership (the “Partnership”), PennTex Midstream Partners, LLC, a Delaware
limited liability company (“PennTex Development”), PennTex North Louisiana, LLC, a Delaware limited liability company (“PennTex Operating”), PennTex NLA Holdings, LLC, a Delaware limited liability
company (“NLA Holdings”), MRD WHR LA Midstream LLC, a Delaware limited liability company (“MRD WHR”), and PennTex Midstream Operating, LLC, a Delaware limited liability company (“Midstream
Operating”). The above-named entities are sometimes referred to in this Agreement each as a “Party” and collectively as the “Parties.” Capitalized terms used herein shall have the meanings
assigned to such terms in Article I. 
 RECITALS 

WHEREAS, PennTex Development and PennTex Midstream GP, LLC, a Delaware limited liability company (the “General
Partner”), have formed the Partnership pursuant to the Delaware Revised Uniform Limited Partnership Act (as in effect, from time to time, the “Delaware LP Act”), for the purpose of engaging in any business
activity that is approved by the General Partner and that lawfully may be conducted by a limited partnership organized pursuant to the Delaware LP Act. 

WHEREAS, in order to accomplish the objectives and purposes in the preceding recital, each of the following actions have been taken
prior to the date hereof: 
  

	 	1.	PennTex Development formed the General Partner under the terms of the Delaware Limited Liability Company Act, and contributed to the General Partner $1,000 in exchange for 100% of the limited liability company interests
in the General Partner. 

  

	 	2.	PennTex Development and the General Partner formed the Partnership under the terms of the Delaware LP Act and contributed $2,000 and $0 to the Partnership, respectively, in exchange for a 100% limited partner interest
(the “Initial LP Interest”) and a noneconomic general partner interest, respectively, in the Partnership. 

  

	 	3.	The Partnership formed Midstream Operating. The Partnership contributed $1,000 to Midstream Operating in exchange for 100% of the limited liability company interests in Midstream Operating. 

 

	 	4.	PennTex Development conveyed a 7.5% interest in the General Partner to MRD WHR in exchange for $75. 

  

	 	5.	 PennTex Operating contributed certain of the Contributed Assets to each of PennTex North Louisiana Operating, LLC, a Delaware limited liability
company and wholly owned subsidiary of PennTex Operating (“NLA Operating”), and 

  
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PennTex North Louisiana Operating 2, LLC, a Delaware limited liability company and wholly owned subsidiary of PennTex Operating (“NLA Operating 2”), in each case as a
capital contribution. 

  

	 	6.	Pursuant to that certain Agreement and Plan of Merger dated as of May 1, 2015, by and among PennTex Operating, NLA Operating and NLA Operating 2, each of NLA Operating and NLA Operating 2 merged with and into
PennTex Operating, with PennTex Operating surviving such merger. 

  

	 	7.	The Partnership entered into a $[—] million revolving credit agreement (the “Partnership Credit Agreement”). 

WHEREAS, concurrently with the consummation of the transactions contemplated hereby, each of the following transactions will occur at
the times specified hereinafter: 
  

	 	1.	NLA Holdings and MRD WHR will convey their respective limited liability company interests in PennTex Operating to the Partnership (collectively, the “Contributed Interest”), in exchange for
(a)(i) with respect to NLA Holdings, [—] common units representing limited partner interests in the Partnership (the “Common Units”), (ii) [—] subordinated units representing limited partner interests in the Partnership (the “Subordinated Units”) and (iii) the right to receive $[—] million in proceeds from the Initial Public Offering, in part as a reimbursement for certain capital expenditures incurred by NLA Holdings with respect to the development of the Contributed Assets
(collectively, the “NLA Holdings Consideration”), and (b)(i) with respect to MRD WHR, [—] Common Units, (ii) [—]
Subordinated Units and (iii) the right to receive $[—] million in proceeds from the Initial Public Offering, in part as a reimbursement for certain capital expenditures incurred by MRD WHR
with respect to the development of the Contributed Assets (collectively, the “MRD WHR Consideration”). 

  

	 	2.	The Partnership will issue 92.5% and 7.5% of the IDRs to PennTex Development and MRD WHR, respectively. 

  

	 	3.	The public, through the Underwriters, will contribute $[—] million ($[—] million net to the Partnership after
deducting the Underwriters’ discount of $[—] and the Structuring Fee) in exchange for [—] Common Units, representing a [—]% limited partner interest in the Partnership. 

  

	 	4.	The Partnership will (a) pay transaction expenses of $[—] million, excluding the Underwriters’ discount of
$[—] million and the Structuring Fee, (b) distribute $[—] million to NLA Holdings and
$[—] million to MRD WHR in respect of their respective rights to receive proceeds from the Initial Public Offering as described above, (c) repay
$[—] million in outstanding borrowings under PennTex Operating’s existing credit facility and (d) retain $[—] million for general
partnership purposes. 

  
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	 	5.	The Partnership will convey its 100% limited liability company interest in PennTex Operating to Midstream Operating as a capital contribution. 

 

	 	6.	NLA Holdings will distribute the NLA Holdings Consideration to PennTex Development. 

  

	 	7.	The Partnership Credit Agreement will become effective. 

  

	 	8.	The Partnership will redeem the Initial LP Interest from PennTex Development and will refund PennTex Development’s initial contribution of $2,000, as well as any interest or other profit that may have resulted from
the investment or other use of such initial capital contribution to PennTex Development, in proportion to such initial contribution. After considering the advice of advisors and evaluating the Partnership’s assets and liabilities, the General
Partner, as general partner of the Partnership, has determined that, after making the foregoing redemption payments, the assets of the Partnership will exceed the liabilities of the Partnership, as required by Section 17-607 of the Delaware LP
Act. 

 NOW, THEREFORE, in consideration of the mutual covenants, representations, warranties and agreements herein
contained, the Parties hereto agree as follows: 
 ARTICLE I 

DEFINITIONS 
 The terms set
forth below in this Article I shall have the meanings ascribed to them below or in the part of this Agreement referred to below: 

“Agreement” has the meaning assigned to such term in the preamble. 

“Common Units” has the meaning assigned to such term in the recitals. 

“Contributed Assets” means certain gathering pipelines, transportation pipelines, processing facilities, treating
assets, compressor stations, pump stations, metering stations, vehicles, related equipment, offices, real estate, gathering, processing, transportation and other contracts and other assets described in the Registration Statement owned by PennTex
Operating or any of its Subsidiaries as of the date hereof. 
 “Contributed Interest” has the meaning assigned to
such term in the recitals. 
 “Control” means the possession, directly or indirectly, of the power to
direct or cause the direction of the management and policies of a Person, whether through ownership of voting securities, by contract, or otherwise. 

“Covered Environmental Losses” has the meaning set forth in Section 4.1. 

“Covered Litigation Matters” has the meaning set forth in Section 4.3(b). 

  
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 “Covered Property Losses” has the meaning set forth in
Section 4.2. 
 “Delaware LP Act” has the meaning assigned to such term in the recitals. 

“Effective Date” means the date hereof. 

“Environmental Deductible” has the meaning set forth in Section 4.7(a). 

“Environmental Laws” means all federal, state, and local laws, statutes, rules, regulations, orders,
judgments, ordinances, codes, injunctions, decrees, Environmental Permits and other legally enforceable requirements and rules of common law now or hereafter in effect, relating to (a) pollution or protection of human health, natural resources,
wildlife and the environment including, without limitation, the federal Comprehensive Environmental Response, Compensation, and Liability Act, the Superfund Amendments Reauthorization Act, the Resource Conservation and Recovery Act, the Clean Air
Act, the Federal Water Pollution Control Act, the Toxic Substances Control Act, the Oil Pollution Act, the Safe Drinking Water Act, the Hazardous Materials Transportation Act, and other environmental conservation and protection laws and the
regulations promulgated pursuant thereto, and any state or local counterparts, each as amended from time to time, and (b) the generation, manufacture, processing, distribution, use, treatment, storage, transport, or handling of any hazardous
wastes. 
 “Environmental Permit” means any permit, approval, identification number,
license, registration, certification, consent, exemption, variance or other authorization required under or issued pursuant to any applicable Environmental Law, including applications for renewal of such permits in which the application allows for
continued operation under the terms of an expired permit. 
 “General Partner” has the meaning
assigned to such term in the recitals. 
 “Governmental Authority” means any government, any
governmental administration, agency, instrumentality or other instrumentality or other political subdivision thereof or any court, commission or other governmental authority of competent jurisdiction. 

“Hazardous Substance” means (a) any substance, whether solid, liquid, gaseous, semi-solid or any
combination thereof, that is designated, defined or classified as a hazardous waste, solid waste, hazardous material, pollutant, contaminant or toxic or hazardous substance, or terms of similar meaning, or that is otherwise regulated under any
Environmental Law, including, without limitation, any hazardous substance as defined under the Comprehensive Environmental Response, Compensation, and Liability Act, as amended, and including friable asbestos and lead containing paints or coatings,
radioactive materials, and polychlorinated biphenyls, and (b) petroleum, oil, gasoline, natural gas, fuel oil, motor oil, waste oil, diesel fuel, jet fuel, and other refined petroleum hydrocarbons, solely to the extent regulated under
applicable Environmental Laws. 
 “IDRs” means the Incentive Distribution Rights described in the
Partnership Agreement. 

  
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 “Indemnified Party” means any applicable Partnership Group
Member, NLA Holdings or MRD WHR, as the case may be, in such entity’s capacity as the party entitled to indemnification in accordance with Article IV. 

“Indemnifying Party” means either the Partnership, NLA Holdings or MRD WHR, as the case may be, in such
entity’s capacity as the party from which indemnification may be sought in accordance with Article IV. 

“Initial LP Interest” has the meaning assigned to such term in the recitals. 

“Initial Public Offering” has the meaning assigned to such term in the Partnership Agreement. 

“Law” means all constitutions, laws (including common law), treaties, statutes, orders, decrees, rules,
injunctions, licenses, permits, approvals, agreements, regulations, codes, ordinances issued by any Governmental Authority, including judicial or administrative orders, consents, decrees, and judgments, published directives, guidelines, governmental
authorizations, requirements or other governmental restrictions which have the force of law, and determinations by, or interpretations of any of the foregoing by any Governmental Authority having jurisdiction over the matter in question and binding
on a given Person, whether in effect as of the date hereof or thereafter and, in each case, as amended. 

“Litigation Deductible” has the meaning set forth in Section 4.7(b). 

“Losses” means any losses, damages, liabilities, claims, demands, causes of action, judgments,
settlements, fines, penalties, costs and expenses (including, without limitation, court costs and reasonable attorney’s and expert’s fees) of any and every kind or character, known or unknown, fixed or contingent. 

“Midstream Operating” has the meaning assigned to such term in the recitals. 

“MRD WHR” has the meaning assigned to such term in the preamble. 

“MRD WHR Consideration” has the meaning assigned to such term in the recitals. 

“NLA Holdings” has the meaning assigned to such term in the preamble. 

“NLA Holdings Consideration” has the meaning assigned to such term in the recitals. 

“NLA Operating” has the meaning assigned to such term in the recitals. 

“NLA Operating 2” has the meaning assigned to such term in the recitals. 

“Over-Allotment Option” means the option granted by the Partnership to the Underwriters to purchase up to [—] additional Common Units from the Partnership to cover over-allotments, if any, in the Initial Public Offering. 

  
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 “Partnership” has the meaning assigned to such term in the preamble. 

“Partnership Agreement” means the First Amended and Restated Agreement of Limited Partnership of PennTex Midstream
Partners, LP, dated as of [—], 2015, as amended and restated from time to time. 

“Partnership Credit Agreement” has the meaning assigned to such term in the recitals. 

“Partnership Group” means the Partnership and any of its Subsidiaries, treated as a single consolidated
entity. For the avoidance of doubt, for purposes of this Agreement, “Partnership Group” shall include PennTex Operating and any of its Subsidiaries. 

“Partnership Group Member” means any member of the Partnership Group. 

“Party” and “Parties” has the meaning assigned to such term in the preamble. 

“PennTex Development” has the meaning assigned to such term in the preamble. 

“PennTex Operating” has the meaning assigned to such term in the preamble. 

“PennTex Operating LLC Agreement” has the meaning set forth in Section 2.1. 

“Person” means, without limitation, an individual, corporation (including a non-profit corporation),
general or limited partnership, limited liability company, joint venture, estate, trust, association, organization, labor union, or other entity or Governmental Authority, and shall include any successor (by merger or otherwise) of such
entity. 
 “Property Deductible” has the meaning set forth in Section 4.7(b). 

“Prudent Industry Practice” means such practices, methods, acts, techniques, and standards as are in
effect at the time in question that are required by and in accordance with applicable Law and are consistent with the higher of (a) the standards generally followed by reputable owners and operators of natural gas and natural gas liquids
pipelines and processing plants in the United States and (b) the standards applied or followed by PennTex Operating or its Subsidiaries as owners or operators of such assets, or by the Partnership Group as owners or operators of such
assets. 
 “Registration Statement” means the Partnership’s Registration Statement on Form S-1
filed with the Commission (Registration No. 333-199020), as amended and effective on the Effective Date. 

“Retained Assets” means all assets owned by either NLA Holdings or MRD WHR, if any, other than each such
Party’s respective portion of the Contributed Interests.  
 “Structuring Fee” means a fee for
certain advisory services equal to $[—] million pursuant to the Structuring Fee Letter by and among Citigroup Global Markets Inc., Barclays Capital Inc. and the Partnership, payable to Citigroup
Global Markets Inc. and Barclays Capital Inc. For the purposes of Article IV, “Structuring Fee” shall mean a fee equal to 0.25% of the gross proceeds from the exercise in whole or in part of the Over-Allotment Option. 

  
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 “Subordinated Units” has the meaning such term in the recitals. 

“Subsidiary” has the meaning ascribed to that term in the Partnership Agreement. 

“Tax” means any income, sales, use, excise, transfer, and similar taxes, fees and charges (including ad
valorem taxes), including any interest or penalties attributable thereto, imposed by any Governmental Authority. 

“Underwriters” means those underwriters listed in Schedule I of the Underwriting Agreement. 

“Underwriting Agreement” means the underwriting agreement by and among PennTex Development, PennTex Operating,
Midstream Operating, the Partnership and the General Partner and Citigroup Global Markets Inc., Barclays Capital Inc., RBC Capital Markets, LLC and Tudor, Pickering, Holt & Co. Securities Inc., as representatives of the Underwriters, dated
[•], 2015. 
 ARTICLE II 

CONTRIBUTION, CONVEYANCE, ACKNOWLEDGEMENTS AND DISTRIBUTIONS 

Unless otherwise indicated, the following shall be completed on the Effective Date: 

Section 2.1 NLA Holdings and MRD WHR Conveyance of Contributed Interest to Partnership. Notwithstanding anything in the Limited
Liability Company Agreement of PennTex North Louisiana, LLC, dated as of March 17, 2014 (as amended from time to time, the “PennTex Operating LLC Agreement”), to the contrary, NLA Holdings and MRD WHR
hereby grant, contribute, bargain, convey, assign, transfer, set over and deliver to the Partnership, its successors and its assigns, for its and their own use forever, all right, title and interest in and to the Contributed Interest, free and clear
of all liens, encumbrances, security interests, charges or other claims, in exchange for (a) with respect to NLA Holdings, the NLA Holdings Consideration, and (b) with respect to MRD WHR, the MRD WHR Consideration. The Partnership hereby
accepts the Contributed Interest. Notwithstanding anything in the PennTex Operating LLC Agreement to the contrary, pursuant to this conveyance, (i) the Partnership is hereby admitted as the sole member of PennTex Operating, and agrees that it
is bound by the PennTex Operating LLC Agreement, (ii) each of NLA Holdings and MRD WHR hereby ceases to be a member of PennTex Operating immediately following the Partnership’s admission as described in clause (i), and (iii) PennTex
Operating hereby continues without dissolution with the Partnership as the sole member. 
 Section 2.2 Partnership Conveyance
of Contributed Interest to Midstream Operating. Notwithstanding any provisions of the PennTex Operating LLC Agreement to the contrary, the Partnership hereby grants, contributes, bargains, conveys, assigns, transfers, sets over and delivers to
Midstream Operating, its successors and its assigns, for its and their own use forever, all right, title and interest in and to the Contributed Interest, as a capital contribution, 

  
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free and clear of all liens, encumbrances, security interests, charges or other claims. Midstream Operating hereby accepts the Contributed Interest as a capital contribution. Notwithstanding
anything in the PennTex Operating LLC Agreement to the contrary, pursuant to this conveyance, (a) Midstream Operating is hereby admitted as a member of PennTex Operating and agrees that it is bound by the PennTex Operating LLC Agreement,
(b) the Partnership hereby ceases to be a member of PennTex Operating immediately following Midstream Operating’s admission as described in clause (a), and (c) PennTex Operating hereby continues without dissolution with Midstream
Operating as the sole member. 
 Section 2.3 Public Cash Contribution. The Parties acknowledge that, in connection with the
Initial Public Offering, public investors, through the Underwriters, have made a capital contribution to the Partnership of approximately $[—] million in cash ($[—] million net to the Partnership after deducting the underwriting discounts and commissions of $[—] million and the Structuring Fee) in exchange for [—] Common Units, representing a [—]% limited partner interest in the Partnership. 

Section 2.4 Payment of Transaction Expenses and Distribution of Proceeds by the Partnership. The Parties acknowledge the payment
by the Partnership, in connection with the closing of the Initial Public Offering, of (a) transaction expenses incurred by the Partnership or PennTex Development in the amount of approximately
$[—] million and (b) $[—] million to NLA Holdings and $[—] million to MRD WHR,
respectively, in part as a reimbursement of certain capital expenditures incurred by such entity with respect to the Contributed Assets.  

Section 2.5 Effectiveness of the Partnership Credit Agreement. The Parties acknowledge that the Partnership Credit Agreement will
become effective upon the completion of the Initial Public Offering. 
 Section 2.6 Redemption of the Initial LP Interest
from the Partnership and Return of Initial Capital Contribution. The Partnership hereby redeems the Initial LP Interest held by PennTex Development and hereby refunds and distributes to PennTex Development the initial contribution, in the amount
of $2,000, made by PennTex Development in connection with the formation of the Partnership, along with 100% of any interest or other profit that resulted from the investment or other use of such initial contribution. 

ARTICLE III 
 ADDITIONAL
TRANSACTIONS 
 To the extent that the Underwriters exercise the Over-Allotment Option, the Underwriters will contribute additional cash
(less the amount of underwriting discounts and commissions and the applicable Structuring Fee) to the Partnership in exchange for the number of Common Units subject to such exercise on the basis of the Initial Public Offering price per Common Unit
set forth in the final prospectus included in the Registration Statement. The Partnership shall then distribute the additional cash as follows: [—]% to PennTex Development and [—]% to MRD WHR. If any Common Units subject to the Over-Allotment Option are not purchased by the Underwriters, then upon the expiration of the Over-Allotment Option, the Partnership shall issue those
remaining Common Units on a deferred basis as follows: [—]% to PennTex Development and [—]% to MRD WHR. 

  
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 ARTICLE IV 

INDEMNIFICATION 

Section 4.1 Environmental Indemnification. 
  

	 	(a)	Subject to Section 4.1(b), NLA Holdings shall indemnify, defend and hold harmless the Partnership Group from and against any Losses suffered or incurred by the Partnership Group, directly or indirectly, or
as a result of any claim by a third party, by reason of or arising out of the following (collectively, “Covered Environmental Losses”): 

  

	 	(i)	any violation or correction of a violation of Environmental Laws associated with or arising from the ownership or operation of the Contributed Assets or the Contributed Interest; 

 

	 	(ii)	any event, condition or matter associated with or arising from the ownership or operation of the Contributed Assets or Contributed Interest (including, without limitation, the presence of Hazardous Substances on, under,
about or migrating to or from the Contributed Assets or the disposal or release of Hazardous Substances generated by operation of the Contributed Assets at non-Contributed Asset locations) that requires investigation, assessment, evaluation,
monitoring, containment, cleanup, repair, restoration, remediation, or other corrective action under Environmental Laws, including, without limitation, (A) the cost and expense of any such activity, (B) the cost and expense of the
preparation and implementation of any closure, remedial, corrective action, or other plans required or necessary under Environmental Laws, and (C) the cost and expense of any environmental or toxic tort pre-trial, trial or appellate legal or
litigation support work; and 

  

	 	(iii)	any environmental event, condition or matter associated with or arising from the Retained Assets, whether occurring before or after the Effective Date. 

 

	 	(b)	With respect to any discrete violation under Section 4.1(a)(i) or any discrete event, condition or matter included under Section 4.1(a)(ii), NLA Holdings will be obligated to indemnify the
Partnership Group only if and to the extent that: 

  

	 	(i)	such violation, event, condition or matter occurred before the Effective Date under then-applicable Environmental Laws; and 

  

	 	(ii)	either (A) such violation, event, condition or matter is set forth on Schedule I attached hereto or (B) NLA Holdings is notified in writing of such violation, event, condition or matter prior to the
first anniversary of the Effective Date. 

  
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 For the avoidance of doubt, nothing in this Section 4.1(b) shall apply to the
indemnification obligations of NLA Holdings under Section 4.1(a)(iii). 
  

	 	(c)	The Partnership Group shall indemnify, defend and hold harmless NLA Holdings from and against any Losses suffered or incurred by NLA Holdings, directly or indirectly, or as a result of any claim by a third party, by
reason of or arising out of: 

  

	 	(i)	any violation of Environmental Laws associated with or arising from the ownership or operation of the Contributed Assets or Contributed Interest; and 

 

	 	(ii)	any event, condition or matter associated with or arising from the ownership or operation of the Contributed Assets or Contributed Interest (including, without limitation, the presence of Hazardous Substances on, under,
about or migrating to or from the Contributed Assets or the disposal or release of Hazardous Substances generated by operation of the Contributed Assets at non-Contributed Asset locations) that requires investigation, assessment, evaluation,
monitoring, containment, cleanup, repair, restoration, remediation, or other corrective action under Environmental Laws, including, without limitation, (A) the cost and expense of any such activity, (B) the cost and expense of the
preparation and implementation of any closure, remedial, corrective action, or other plans required or necessary under Environmental Laws, and (C) the cost and expense of any environmental or toxic tort pre-trial, trial or appellate legal or
litigation support work; 

 and regardless of whether such violation under Section 4.1(c)(i) or such event,
condition or matter included under Section 4.1(c)(ii) occurred before or after the Effective Date, in each case, to the extent that any of the foregoing do not constitute Covered Environmental Losses for which the Partnership Group is
entitled to indemnification from NLA Holdings under this Article IV. 
 Section 4.2 Right of Way and Real Property
Indemnification. NLA Holdings shall indemnify, defend and hold harmless the Partnership Group from and against any Losses suffered or incurred by the Partnership Group by reason of or arising out of the following (collectively,
“Covered Property Losses”):  
  

	 	(a)	the failure of the applicable Partnership Group Member to be the owner of such valid and indefeasible easement rights or fee ownership or leasehold interests in and to the lands on which any of the Contributed Assets
are located or proposed to be located as of the Effective Date and described in the Registration Statement, and such failure renders the Partnership Group liable to a third party or unable to use or operate the Contributed Assets in substantially
the same manner that the Contributed Assets are intended by NLA Holdings and the Partnership Group to be used and operated as described in the Registration Statement; 

  
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	 	(b)	the failure of the applicable Partnership Group Member to have the consents, licenses and permits necessary to allow any pipelines constituting part of the Contributed Assets to cross the roads, waterways, railroads and
other areas upon which any such pipeline is located or proposed to be located as of the Effective Date, and such failure renders the Partnership Group liable to a third party or unable to use or operate the Contributed Assets in substantially the
same manner that the Contributed Assets are intended by NLA Holdings and the Partnership Group to be used and operated as described in the Registration Statement; and 

 

	 	(c)	the cost of curing any condition set forth in Section 4.2(a) or Section 4.2(b) that does not allow the Contributed Assets to be operated in accordance with Prudent Industry Practice;

 in each case to the extent that NLA Holdings is notified in writing of any of the foregoing prior to the second anniversary of the
Effective Date. 
 Section 4.3 Additional Indemnification by NLA Holdings. In addition to and not in limitation of the
indemnification provided under Section 4.1(a), Section 4.2 and Section 4.4, NLA Holdings shall indemnify, defend, and hold harmless the Partnership Group from and against any Losses suffered or incurred by the
Partnership Group by reason of or arising out of any of the following: 
  

	 	(a)	events and conditions associated with the operation of the Contributed Assets or Contributed Interest and occurring before the Effective Date (other than Covered Environmental Losses, which are provided for under
Section 4.1, Covered Property Losses, which are provided for under Section 4.2, and current liabilities incurred in the ordinary course of business that have been accrued but not paid prior to the Effective Date), to the
extent that NLA Holdings is notified in writing of any such Loss prior to the second anniversary of the Effective Date; 

  

	 	(b)	any litigation matters attributable to the ownership or operation of the Contributed Assets or the Contributed Interest prior to the Effective Date, including any currently pending legal actions against NLA Holdings or
PennTex Operating set forth on Schedule II attached hereto (“Covered Litigation Matters”); 

  

	 	(c)	the failure of any Partnership Group Member to have on the Effective Date any consent, license, permit or approval necessary to allow such Partnership Group Member to own or operate the Contributed Assets or Contributed
Interest in substantially the same manner described in the Registration Statement; and 

  

	 	(d)	all federal, state and local Tax liabilities attributable to the operation of the Contributed Assets or the Contributed Interest prior to the Effective Date, including under Treasury Regulation Section 1.1502-6 (or
any similar provision of state or local law). 

  
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 Section 4.4 Additional Indemnification by NLA Holdings and MRD WHR. In addition to
and not in limitation of the indemnification provided under Section 4.1(a), Section 4.2 and Section 4.4, each of NLA Holdings and MRD WHR, severally and not jointly, shall indemnify, defend, and hold harmless the
Partnership Group from and against any Losses suffered or incurred by the Partnership Group by reason of or arising out of any of the following: 
  

	 	(a)	(i) the consummation of the transactions contemplated by this Agreement or (ii) events and conditions associated with the ownership of the Contributed Assets or Contributed Interest and occurring before the
Effective Date (other than Covered Environmental Losses, which are provided for under Section 4.1, Covered Property Losses, which are provided for under Section 4.2, and current liabilities incurred in the ordinary course of
business that have been accrued but not paid prior to the Effective Date), to the extent that NLA Holdings and MRD WHR are notified in writing of any such Loss prior to the second anniversary of the Effective Date; 

 

	 	(b)	events and conditions associated with the Retained Assets and whether occurring before or after the Effective Date; and 

  

	 	(c)	all federal, state and local Tax liabilities attributable to the ownership of the Contributed Assets or the Contributed Interest prior to the Effective Date, including under Treasury Regulation Section 1.1502-6 (or
any similar provision of state or local law), and any such Tax liabilities of NLA Holdings or MRD WHR that may result from the consummation of the transactions contemplated by the Contribution Agreement (other than real property taxes that have been
accrued but not paid prior to the Effective Date). 

 Section 4.5 Additional Indemnification by the Partnership
Group. In addition to and not in limitation of the indemnification provided under Section 4.1(c) or the Partnership Agreement, the Partnership Group shall indemnify, defend, and hold harmless each of NLA Holdings and MRD WHR from and
against any Losses suffered or incurred by NLA Holdings or MRD WHR by reason of or arising out of events and conditions associated with the ownership or operation of the Contributed Assets or Contributed Interest and occurring after the Effective
Date (other than Covered Environmental Losses which are provided for under Section 4.1), unless such indemnification would not be permitted under the Partnership Agreement by reason of one of the provisos contained in Section 7.7(a)
of the Partnership Agreement. 
 Section 4.6 Indemnification Procedures. 

 

	 	(a)	The Indemnified Party agrees that within a reasonable period of time after it becomes aware of facts giving rise to a claim for indemnification under this Article IV, it will provide notice thereof in writing to
the Indemnifying Party, specifying the nature of and specific basis for such claim. 

  
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	 	(b)	The Indemnifying Party shall have the right to control all aspects of the defense of (and any counterclaims with respect to) any claims brought against the Indemnified Party that are covered by the indemnification under
this Article IV, including, without limitation, the selection of counsel, determination of whether to appeal any decision of any court and the settling of any such claim or any matter or any issues relating thereto; provided that no
such settlement shall be entered into without the consent of the Indemnified Party unless it includes a full and unconditional release of the Indemnified Party from such claim; provided, further, that no such settlement containing any
form of injunctive or similar relief shall be entered into without the prior written consent of the Indemnified Party, which consent shall not be unreasonably delayed or withheld. 

 

	 	(c)	The Indemnified Party agrees to cooperate in good faith and in a commercially reasonable manner with the Indemnifying Party with respect to all aspects of the defense of, and the pursuit of any counterclaims with
respect to, any claims covered by the indemnification under this Article IV for which a request for indemnification is made, including, without limitation, the prompt furnishing to the Indemnifying Party of any correspondence or other notice
relating thereto that the Indemnified Party may receive, permitting the name of the Indemnified Party to be utilized in connection with such defense or counterclaims, the making available to the Indemnifying Party of any files, records or other
information of the Indemnified Party that the Indemnifying Party considers relevant to such defense or counterclaims, the making available to the Indemnifying Party of any employees of the Indemnified Party and the granting to the Indemnifying Party
of reasonable access rights to the properties and facilities of the Indemnified Party; provided that in connection therewith the Indemnifying Party agrees to use reasonable efforts to minimize the impact thereof on the operations of the
Indemnified Party and further agrees to maintain the confidentiality of all files, records, and other information furnished by the Indemnified Party pursuant to this Section 4.6(c). In no event shall the obligation of the Indemnified
Party to cooperate with the Indemnifying Party as set forth in the immediately preceding sentence be construed as imposing upon the Indemnified Party an obligation to hire and pay for counsel in connection with the defense of, or the pursuit of any
counterclaims with respect to, any claims covered by the indemnification set forth in this Article IV; provided, however, that the Indemnified Party may, at its own option, cost and expense, engage and pay for counsel in
connection with any such defense and counterclaims. The Indemnifying Party agrees to keep any such counsel engaged by the Indemnified Party informed as to the status of any such defense, but the Indemnifying Party shall have the right to retain sole
control over such defense and counterclaims. 

  

	 	(d)	In determining the amount of any loss, cost, damage or expense for which the Indemnified Party is entitled to indemnification under this Agreement, the gross amount of the indemnification will be reduced by (i) any
insurance proceeds realized by the Indemnified Party, and such correlative insurance benefit shall be net of any incremental insurance premium that becomes due and payable by the Indemnified Party as a result of such claim and (ii) all amounts
recovered by the Indemnified Party under contractual indemnities from third Persons. 

  
 13 

	 	(e)	With respect to Covered Environmental Losses, NLA Holdings shall have the right and authority to manage any remediation required by Law, and, upon reasonable request from NLA Holdings, the Partnership will, and will
cause each Partnership Group Member to, cooperate with NLA Holdings and its contractors or subcontractors to facilitate such remediation. 

Section 4.7 Limitations on Indemnity Coverage. 
  

	 	(a)	With respect to Covered Environmental Losses under Section 4.1(a)(i) or Section 4.1(a)(ii), NLA Holdings shall not be obligated to indemnify, defend and hold harmless any Partnership Group Member
until such time as the total aggregate amount of such Covered Environmental Losses exceeds $100,000 (the “Environmental Deductible”), at which time NLA Holdings shall be obligated to indemnify the Partnership Group for the
excess of such Covered Environmental Losses over the Environmental Deductible; provided, however, that to the extent any cure or remediation of any environmental matter is required under Section 4.1(a)(i) or
Section 4.1(a)(ii), NLA Holdings will be obligated to indemnify the Partnership Group only to the extent of any cure or remediation that is required by Law (after giving effect to the Environmental Deductible); provided,
further, that the aggregate liability of NLA Holdings for all Covered Environmental Losses shall not exceed $5,000,000. For the avoidance of doubt, it is agreed that the Environmental Deductible shall not apply to any Covered Environmental
Losses incurred by any Partnership Group Member related to the matters set forth on Schedule I attached hereto. 

  

	 	(b)	With respect to Covered Property Losses under Section 4.2 and Covered Litigation Matters under Section 4.3(b), NLA Holdings shall not be obligated to indemnify, defend and hold harmless any
Partnership Group Member until such time as the total aggregate amount of (i) such Covered Property Losses exceeds $200,000 (the “Property Deductible”) and (ii) Losses incurred by the Partnership Group for such
Covered Litigation Matters exceeds $200,000 (the “Litigation Deductible”), at which time NLA Holdings shall be obligated to indemnify the Partnership Group for the excess of (x) such Covered Property Losses over the
Property Deductible or (y) such Losses incurred by the Partnership Group for such Covered Litigation Matters over the Litigation Deductible; provided, however, that to the extent the Partnership Group attempts to cure any matter
for which it is entitled to indemnification under Section 4.2, NLA Holdings will be obligated to indemnify the Partnership Group only to the extent of any reasonably required cure (after giving effect to the Property Deductible);
provided, further, that the aggregate liability of NLA Holdings for all Covered Property Losses shall not exceed $5,000,000 and for all Covered Litigation Matters shall not exceed $5,000,000. For the avoidance of doubt, it is agreed
that the Litigation Deductible shall not apply to any Losses incurred by any Partnership Group Member related to the matters set forth on Schedule II attached hereto. 

  
 14 

	 	(c)	For the avoidance of doubt, there is no deductible with respect to the indemnification owed by any Indemnifying Party under any portion of this Article IV other than as described in this
Section 4.7, and there is no monetary cap on the amount of indemnity coverage provided by any Indemnifying Party under this Article IV other than as described in this Section 4.7. 

ARTICLE V 
 FURTHER
ASSURANCES 
 From time to time after the Effective Date, and without any further consideration, the Parties agree to execute,
acknowledge and deliver all such additional deeds, assignments, bills of sale, conveyances, instruments, notices, releases, acquittances and other documents, and to do all such other acts and things, all in accordance with applicable Law, as may be
necessary or appropriate (i) more fully to assure that the applicable Parties own all of the properties, rights, titles, interests, estates, remedies, powers and privileges granted by this Agreement, or which are intended to be so granted,
(ii) more fully and effectively to vest in the applicable Parties and their respective successors and assigns beneficial and record title to the interests contributed and assigned by this Agreement or intended to be so and (iii) more fully
and effectively to carry out the purposes and intent of this Agreement. 
 ARTICLE VI 

EFFECTIVE DATE 

Notwithstanding anything contained in this Agreement to the contrary, none of the provisions of Article II of this Agreement shall be
operative or have any effect until the Effective Date, at which time all the provisions of Article II of this Agreement shall be effective and operative in accordance with Section 7.1 without further action by any Party hereto.

 ARTICLE VII 

MISCELLANEOUS 

Section 7.1 Order of Completion of Transactions. The transactions provided for in Article II shall each be completed on the
Effective Date in the order and sequence set forth in Article II. 
 Section 7.2 Headings; References; Interpretation.
All Article and Section headings in this Agreement are for convenience only and shall not be deemed to control or affect the meaning or construction of any of the provisions hereof. The words “hereof” and “herein” and words of
similar import, when used in this Agreement, shall refer to this Agreement as a whole, including, without limitation, all Schedules attached hereto, and not to any particular provision of this Agreement. All references herein to Articles, Sections
and Schedules shall, unless the context requires a different construction, be deemed to be references to the Articles and Sections of this Agreement and the Schedules attached hereto, and all such Schedules attached hereto are hereby incorporated
herein and made a part hereof for all purposes. All personal pronouns used 

  
 15 

 
in this Agreement, whether used in the masculine, feminine or neuter gender shall include all other genders, and the singular shall include the plural and vice versa. The use herein of the word
“including” following any general statement, term or matter shall not be construed to limit such statement, term or matter to the specific items or matters set forth immediately following such word or to similar items or matters, whether
or not non-limiting language (such as “without limitation” or words of similar import) is used with reference thereto, but rather shall be deemed to refer to all other items or matters that could reasonably fall within the broadest
possible scope of such general statement, term or matter. 
 Section 7.3 Successors and Assigns. This Agreement shall be binding
upon and inure to the benefit of the Parties and their respective successors and assigns. 
 Section 7.4 No Third Party Rights.
The provisions of this Agreement are intended to bind the Parties as to each other and are not intended to and do not create rights in any other person or confer upon any other person any benefits, rights or remedies, and no person is or is intended
to be a third party beneficiary of any of the provisions of this Agreement. 
 Section 7.5 Counterparts. This Agreement may be
executed in any number of counterparts with the same effect as if all signatory Parties had signed the same document. All counterparts shall be construed together and shall constitute one and the same instrument. 

Section 7.6 Choice of Law. This Agreement shall be subject to and governed by the laws of the state of Delaware. EACH OF THE
PARTIES HERETO AGREES THAT THIS AGREEMENT INVOLVES AT LEAST U.S. $100,000 AND THAT THIS AGREEMENT HAS BEEN ENTERED INTO IN EXPRESS RELIANCE UPON 6 Del. C. § 2708. EACH OF THE PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY AGREES (i) TO BE
SUBJECT TO THE JURISDICTION OF THE COURTS OF THE STATE OF DELAWARE AND OF THE FEDERAL COURTS SITTING IN THE STATE OF DELAWARE, AND (ii) TO THE EXTENT SUCH PARTY IS NOT OTHERWISE SUBJECT TO SERVICE OF PROCESS IN THE STATE OF DELAWARE, TO APPOINT
AND MAINTAIN AN AGENT IN THE STATE OF DELAWARE AS SUCH PARTY’S AGENT FOR ACCEPTANCE OF LEGAL PROCESS AND TO NOTIFY THE OTHER PARTIES OF THE NAME AND ADDRESS OF SUCH AGENT. 

Section 7.7 Severability. If any of the provisions of this Agreement are held by any court of competent jurisdiction to
contravene, or to be invalid under, the laws of any political body having jurisdiction over the subject matter hereof, such contravention or invalidity shall not invalidate the entire Agreement. Instead, this Agreement shall be construed as if it
did not contain the particular provisions or provisions held to be invalid and an equitable adjustment shall be made and necessary provision added so as to give effect to the intention of the Parties as expressed in this Agreement at the time of
execution of this Agreement. 
 Section 7.8 Amendment or Modification. This Agreement may be amended or modified from time to
time only by the written agreement of all the Parties. Each such instrument shall be reduced to writing and shall be designated on its face as an amendment to this Agreement. 

  
 16 

 Section 7.9 Integration. This Agreement and the instruments referenced herein
supersede all previous understandings or agreements among the Parties, whether oral or written, with respect to the subject matter of this Agreement and such instruments. This Agreement and such instruments contain the entire understanding of the
Parties with respect to the subject matter hereof and thereof. There are no unwritten oral agreements between the Parties. No understanding, representation, promise or agreement, whether oral or written, is intended to be or shall be included in or
form part of this Agreement unless it is contained in a written amendment hereto executed by the Parties hereto after the date of this Agreement. 

Section 7.10 Deed; Bill of Sale; Assignment. To the extent required and permitted by applicable law, this Agreement shall also
constitute a “deed,” “bill of sale” or “assignment” of the assets and interests referenced herein. 

[Signature Page Follows] 

  
 17 

 IN WITNESS WHEREOF, the Parties to this Agreement have caused it to be duly executed as of
the date first above written. 
  

							
	PENNTEX MIDSTREAM PARTNERS, LP
		
	By:		PennTex Midstream GP, LLC
			its general partner
			
			By:		  

					Name:		Steven R. Jones
					Title:		Chief Financial Officer
	
	PENNTEX MIDSTREAM PARTNERS, LLC
			
			By:		  

					Name:		Steven R. Jones
					Title:		Chief Financial Officer
	
	PENNTEX NORTH LOUISIANA, LLC
			
			By:		  

					Name:		Steven R. Jones
					Title:		Chief Financial Officer
	
	PENNTEX NLA HOLDINGS, LLC
			
			By:		  

					Name:		Steven R. Jones
					Title:		Chief Financial Officer
	
	MRD WHR LA MIDSTREAM LLC
			
			By:		  

					Name:		Kyle Roane
					Title:		Vice President and General Counsel
	
	PENNTEX MIDSTREAM OPERATING, LLC
			
			By:		  

					Name:		Steven R. Jones
					Title:		Chief Financial Officer

 Signature Page to Contribution, Conveyance and Assumption Agreement 

 SCHEDULE I 

ENVIRONMENTAL MATTERS 

[None.] 

  
 Schedule I 

 SCHEDULE II 

PENDING LITIGATION 

[None.] 

  
 Schedule IIEX-10.11

 Exhibit 10.11 

REGISTRATION RIGHTS AGREEMENT 

THIS REGISTRATION RIGHTS AGREEMENT (this “Agreement”) is made and entered into as
of [•], 2015, by and between PennTex Midstream Partners, LP, a Delaware limited partnership (the “Partnership”), PennTex Midstream Partners, LLC, a Delaware limited liability company
(“PennTex Development”), and MRD WHR LA Midstream LLC, a Delaware limited liability company (“MRD WHR”). 

 WHEREAS, in connection with the Partnership’s initial public offering and the transactions related thereto, the Partnership
has agreed to provide the registration and other rights set forth in this Agreement for the benefit of PennTex Development and MRD WHR. 

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 

Section 1.01 Definitions. Capitalized terms used herein without definition shall have the meanings given to them in
the First Amended and Restated Agreement of Limited Partnership of PennTex Midstream Partners, LP dated [•], 2015, as amended from time to time (the “Partnership Agreement”). The terms set forth below are
used herein as so defined: 
 “Adverse Effect” has the meaning given to such term in
Section 2.03(b). 
 “Affiliate” means, with respect to a specified Person,
directly or indirectly controlling, controlled by, or under direct or indirect common control with such specified Person. For the purposes of this definition, “control” 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 given to such term in the introductory
paragraph. 
 “Commission” has the meaning given to such term in Section 1.02.

 “Common Units” means common units representing limited partner
interests in the Partnership. 
 “Demand Notice” means a request from any Holder to the Partnership to
(a) prepare and file with the Commission a Registration Statement pursuant to Section 2.01 or (b) effectuate a Secondary Offering pursuant to Section 2.02(a), as applicable. 

“Effectiveness Period” has the meaning given to such term in Section 2.01.

 “Exchange Act” means the Securities Exchange Act of 1934, as amended.

 “General Partner” means PennTex Midstream GP, LLC, the general
partner of the Partnership, or any successor general partner of the Partnership. 

 “Holder” means the record holder of any
Registrable Securities including any transferee of Registrable Securities pursuant to Section 2.10. 
 “Holder
Group” means, collectively, a group consisting of one or more Holders that holds Registrable Securities as of the date of this Agreement or subsequently receives Registrable Securities as a transferee of such Holders or their respective
transferees pursuant to Section 2.10. As of the date of this Agreement, there are three initial Holder Groups, consisting of (i) PennTex Development, (ii) MRD WHR (MRD) and (iii) MRD WHR (WHR). 

“Losses” has the meaning given to such term in Section 2.08(a) of this Agreement. 

“Managing Underwriter” means, with respect to any Underwritten Offering, the lead
book-running manager of such Underwritten Offering. 
 “MRD WHR” has the meaning given
to such term in the introductory paragraph. 
 “MRD WHR (MRD)” means
[                        ]. 

“MRD WHR (WHR)” means
[                        ]. 

“Partnership” has the meaning given to such term in the introductory paragraph.

 “PennTex Development” has the meaning given to such term in the
introductory paragraph. 
 “Person” means any individual, corporation,
partnership, voluntary association, partnership, joint venture, trust, limited liability partnership, unincorporated organization, government or any agency, instrumentality or political subdivision thereof, or any other form of entity. 

“Piggyback Notice” has the meaning given to such term in Section
2.03(a). 
 “Piggyback Registration” has the meaning
given to such term in Section 2.03(a). 
 “Primary
Offering” has the meaning given to such term in Section 2.02(b). 

“Primary Units” has the meaning given to such term in Section 2.02(b). 

“Redemptee” has the meaning given to such term in Section 2.02(b). 

“Redemption” has the meaning given to such term in Section 2.02(b). 

“Redemption Demand Notice” has the meaning given to such term in Section 2.02(b).

 “Registrable Securities” means the aggregate number of Common Units and Subordinated
Units issued (or issuable) to PennTex Development and MRD WHR in connection with the completion of the Partnership’s initial public offering, including any Common Units issuable upon the conversion of the Subordinated Units owned by PennTex
Development and MRD WHR, which Registrable Securities are subject to the rights provided herein until such rights terminate pursuant to the provisions hereof and including any such Common Units transferred along with an assignment of rights
hereunder pursuant to Section 2.10. 
 “Registration Expenses” has the meaning
given to such term in Section 2.07(b). 
 “Registration Statement”
has the meaning given to such term in Section 2.01. 
 “Secondary
Offering” has the meaning given to such term in Section 2.02(a). 

“Securities Act” means the Securities Act of 1933, as amended.

 “Selling Agent” has the meaning given to such term in Section 2.02(b). 

  
 2 

 “Selling Expenses” has the
meaning given to such term in Section 2.07(b). 
 “Selling Holder”
means a Holder who is selling Registrable Securities pursuant to a registration statement. 

“Shelf Registration Statement” means a registration statement of the
Partnership filed with the Commission on Form S-3 (or any successor form or other appropriate form under the Securities Act) for an offering to be made on a continuous or delayed basis pursuant to Rule 415 (or any similar rule that may be adopted by
the Commission) covering the Registrable Securities, as applicable.  
 “Underwritten
Offering” means an offering 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. 
 Section 1.02 Registrable Securities. Any Registrable Security will cease to be a Registrable Security
(a) at the time a registration statement covering such Registrable Security has been declared effective by the Securities and Exchange Commission (the “Commission”), or otherwise has become
effective, and such Registrable Security has been sold or disposed of pursuant to such registration statement; (b) at the time such Registrable Security has been disposed of pursuant to Rule 144 (or any similar provision then in effect) under
the Securities Act; (c) with respect to Registrable Securities held by PennTex Development or MRD WHR or their respective transferees in accordance with Section 2.10, 10 years after PennTex Development or MRD WHR, as applicable, ceases to
be an Affiliate of the General Partner; (d) if such Registrable Security is held by the Partnership or one of its subsidiaries; (e) at the time such Registrable Security has been sold in a private transaction in which the transferor’s
rights under this Agreement are not assigned to the transferee of such securities; or (f) if such Registrable Security has been sold in a private transaction in which the transferor’s rights under this Agreement are assigned to the
transferee and such transferee is not an Affiliate of the General Partner, two years following the transfer of such Registrable Security to such transferee (as may be extended for any delays incurred pursuant to Section 2.04). 

ARTICLE II. 

REGISTRATION RIGHTS 

Section 2.01 Demand Registration. Upon request from any Holder Group at any time after the 180th day after the date hereof, the
Partnership shall prepare and file with the Commission a registration statement under the Securities Act providing for the resale of the Registrable Securities, which may, at the option of the Holder Group making such Demand Notice, be a
registration statement that provides for the resale of the Registrable Securities from time to time pursuant to Rule 415 under the Securities Act (the “Registration Statement”). Within two (2) business days of the receipt of
the Demand Notice, the Partnership shall give written notice of such Demand Notice to all Holders, and the Holders shall have three (3) business days following receipt of such notice of the Demand Notice from the Partnership to request through such
Holder’s Holder Group representative set forth in Section 3.01 in writing (including by electronic mail) to the Partnership to be included as a seller of Registrable Securities in such Registration Statement. The Partnership shall use
its commercially reasonable efforts to cause the Registration Statement to be declared effective by the Commission as soon as reasonably practicable after the initial filing of the Registration Statement. The Registration Statement shall provide for
the resale pursuant to any method or combination of methods legally available to, and requested by, the Holders of any and all Registrable Securities covered by such Registration Statement (including those elected to be included in such Registration
Statement following notice of a Demand Notice from the Partnership pursuant to this Section 2.01). The Partnership shall use its commercially reasonable efforts to cause the Registration Statement filed pursuant to this Section  

  
 3 

 
2.01 to be continuously effective, supplemented and amended to the extent necessary to ensure that it is available for the resale of all Registrable Securities by the Holders until all
Registrable Securities covered by such Registration Statement have ceased to be Registrable Securities (the “Effectiveness Period”). The Registration Statement when effective (and the documents
incorporated therein by reference) shall comply as to form in all material respects with all applicable requirements of the Securities Act and shall not contain an untrue statement of a material fact or omit to state a material fact required to be
stated therein or necessary to make the statements therein not misleading. As soon as practicable following the date that the Registration Statement becomes effective, but in any event within two (2) business days of such date, the Partnership
shall provide the Holders with written notice of the effectiveness of the Registration Statement. Each Holder Group shall be limited to one (1) demand registration under this Section 2.01 in any twelve-month period (provided,
however, that there shall be no limit on the number of Shelf Registration Statements that may be required by the Holders hereunder), and the Partnership shall not be obligated to file more than one (1) Registration Statement within 120
days after the effective date of any Registration Statement filed by the Partnership. Once a Holder’s Registrable Securities become eligible for resale without restriction and without the need for current public information pursuant to any
section of Rule 144 (or any similar provision then in effect) under the Securities Act, assuming the Holder of such Registrable Securities is not an affiliate (as defined in Rule 144(a)(1) under the Securities Act) of the Partnership, the applicable
Holder Group may, at any time, request that the Partnership take such steps as are reasonably necessary to deregister such Holder’s Registrable Securities. In connection with such request, such Holder’s rights under this Agreement shall
all be terminated, including without limitation the right to demand an Underwritten Offering and the right to participate in a Piggyback Registration, and such Holder shall no longer be subject to any obligations under this Agreement, including
without limitation the obligation to enter into letter agreements with underwriters pursuant to Section 2.12. 

Section 2.02 Underwritten and Redemptive Offerings. 

(a) Request for a Secondary Offering. If one or more Holders constituting a Holder Group collectively owns at least 2.0% of the
outstanding Registrable Securities of the Partnership and elect to dispose of Registrable Securities having a market price, based on the last sales price of the Common Units as of the trading date prior to the date of demand, of at least $25.0
million (subject to adjustment pursuant to Section 3.04) the Partnership shall, upon the written request by such Holder Group, retain underwriters in order to permit such Holders to effect such sale through an Underwritten Offering (a
“Secondary Offering”). Within two (2) business days of the receipt of the Demand Notice, the Partnership shall give written notice of such Demand Notice to all Holders, and the Holders shall have three (3) business days
following receipt of such notice of the Demand Notice from the Partnership to request through such Holder’s Holder Group representative set forth in Section 3.01 in writing (including by electronic mail) to the Partnership to be included
as a seller of Registrable Securities in such Underwritten Offering. The obligation of the Partnership to retain underwriters shall include the preparation and entry into an underwriting agreement, in customary form, with the Managing Underwriter or
underwriters, which shall include, among other provisions, indemnities to the effect and to the extent provided in Section 2.08 and taking all reasonable actions as requested by the Managing Underwriter or underwriters to expedite or
facilitate the disposition of such Registrable Securities, including causing its management to participate in a “roadshow” or similar marketing efforts. 

(b) Request for Equity-Financed Redemption. In lieu of a Secondary Offering pursuant to Section 2.02(a), the Partnership,
upon the written request (the “Redemption Demand Notice”) by a Holder Group (the “Redemptee” and collectively the “Redemptees”), shall use commercially reasonable efforts to
undertake an equity financing consisting of (i) a public 

  
 4 

 
offering (including an Underwritten Offering), (ii) a private placement or (iii) a combination of each (a “Primary Offering”), in each case, of an equal number
of Registrable Securities (the “Primary Units”). The net proceeds (after Registration Expenses but before Selling Expenses) of such Primary Offering will be used to redeem from each Redemptee the number of Registrable
Securities specified in each Redemptee’s Redemption Demand Notice (the “Redemption”). The obligation of the Partnership to undertake the Primary Offering shall include the preparation and filing of an offering document,
such as an offering memorandum or registration statement, as applicable, as well as the preparation and execution of a purchase agreement or underwriting agreement in customary form, which shall include, among other provisions, indemnities to the
effect and to the extent provided in Section 2.08 and taking all reasonable actions as are requested by the Managing Underwriter or underwriters or placement agent (as applicable, the “Selling Agent”), or, if no
Selling Agent, the Redemptees, to expedite or facilitate the disposition of Primary Units, including causing its management to participate in a “roadshow” or similar marketing efforts. 

(c) Limitation on Offerings. In no event shall the Partnership be required hereunder to participate in more than an aggregate of two
Primary Offerings or Secondary Offerings in any 12-month period. 
 (d) General Procedures. In connection with any Primary Offering or
Secondary Offering under this Agreement, the Partnership shall be entitled to select the Selling Agent, if any. In connection with any Primary Offering under this Agreement, the Partnership shall be obligated to enter into an underwriting agreement
or purchase agreement, as applicable, that contains such representations, covenants, indemnities and other rights and obligations as are customary. 

(e) Withdrawal. If any (i) Selling Holder disapproves of the terms of a Secondary Offering or (ii) Redemptee disapproves of
the terms of a Primary Offering, such Person may elect to withdraw its request that the Partnership undertake such offering by written notice to the Partnership; provided, however, that such withdrawal must be made at a time prior to
the time of pricing of such offering. No such withdrawal shall affect the Partnership’s obligation to pay Registration Expenses, if applicable. 

Section 2.03 Piggyback Rights. 

(a) Participation. So long as a Holder has Registrable Securities, if the Partnership proposes to file, whether for its own account or
for the account of the Holders: (1) a shelf registration statement (other than the Registration Statement contemplated by Section 2.01) or (2) a registration statement other than a shelf registration statement (other than a
registration statement on Form S-4 or S-8 or any successor forms thereto), including a registration statement for a Secondary Offering or a Primary Offering as contemplated by Section 2.02(a) or Section 2.02(b), respectively
(each of (1) and (2), a “Piggyback Registration”), then the Partnership shall give prompt written notice (a “Piggyback Notice”) (including notice by electronic mail) to each Holder holding at
least $0.5 million of the then-outstanding Registrable Securities of the Partnership (based on the last sales prices of the Common Units as of the trading date prior to the date of the Piggyback Notice) regarding such proposed registration, and such
notice shall offer such Holders the opportunity to include in such Piggyback Registration: (x) such number of Registrable Securities as each such 

  
 5 

 
Holder may request, or (y) a number of Primary Units in order to effect a Redemption of Registrable Securities as such Holder may request. Each Piggyback Notice shall specify, at a minimum,
the number and type of securities proposed to be registered, the proposed date of filing of such Piggyback Registration with the Commission, the proposed means of distribution, the proposed Managing Underwriter or underwriters (if any and if known)
and a good faith estimate by the Partnership of the proposed minimum offering price of such securities. Each such Holder shall make such request through such Holder’s Holder Group representative set forth in Section 3.01 in writing to
the Partnership (including by electronic mail) within five (5) business days (or one (1) business day in connection with any overnight or bought Underwritten Offering) after the receipt of any such Piggyback Notice, which request shall
specify the number of Registrable Securities intended to be disposed of by such Holder or the number of Registrable Securities such Holder intends to have redeemed by the Partnership, and, subject to the terms and conditions of this Agreement, the
Partnership shall use its reasonable best efforts to include in such Piggyback Registration all Registrable Securities held by such Holders and/or a number Primary Units required to effect a Redemption of the Registrable Securities requested by such
Holders; provided, that if, at any time after giving written notice of its intention to register equity securities and prior to the effective date of the registration statement filed in connection with such registration, the Partnership shall
determine for any reason not to register such equity securities, the Partnership may, at its election, give written notice of such determination within five business days thereof to each Holder of Registrable Securities and, thereupon, shall not be
obligated to register any Registrable Securities or Primary Units in connection with such registration (but shall nevertheless pay the Registration Expenses in connection therewith), without prejudice, however, to the rights of the Holders of
Registrable Securities that a registration be effected under Section 2.01 or Section 2.02. 
 (b) Priority. If
in connection with an Underwritten Offering pursuant to Section 2.02 or this Section 2.03, the Managing Underwriter shall advise the Partnership that, in its reasonable opinion, the number of securities requested and
otherwise proposed to be included in such Underwritten Offering exceeds the number which can be sold in such offering without an adverse effect on the price, timing or distribution of the securities to be offered (an “Adverse
Effect”), then in the case of any such registration pursuant to Section 2.02 or this Section 2.03, the Partnership shall include in such registration the number of Registrable Securities that such Managing
Underwriter advises the Partnership can be sold without having such Adverse Effect, with such number to be allocated (i) first to the Partnership, unless a Holder has initiated the Underwritten Offering under Section 2.02 or elected
to join the Underwritten Offering under Section 2.02(a), and (ii) second, and if any, the number of included Registrable Securities that, in the opinion of such Managing Underwriter, can be sold without having such Adverse Effect, with
such number to be allocated pro rata among the Holders (or to the Partnership if a Holder initiates the Underwritten Offering) that have requested to participate in such Underwritten Offering based on the relative number of Registrable Securities
then held by each such Holder (provided that any securities thereby allocated to a Holder that exceed such Holder’s request shall be reallocated among the remaining requesting Holders in like manner). 

Section 2.04 Delay Rights. If the General Partner determines that the Partnership’s compliance with its obligations under
this Article II would be materially detrimental to the Partnership and its partners because such registration would (a) materially interfere with a significant acquisition, reorganization, financing or other similar transaction involving
the Partnership, (b) require premature disclosure of material information that the Partnership has a bona fide business purpose for preserving as confidential or (c) render the Partnership unable to 

  
 6 

 
comply with applicable securities laws, then the Partnership shall have the right to postpone compliance with its obligations to all but not less than all Holders under this Article II for
a period of not more than three months; provided, that such right pursuant to this Section 2.04 may not be utilized more than once in any twelve-month period. 

Section 2.05 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 Registration Statement and the
prospectus used in connection therewith as may be necessary to keep the Registration Statement effective for the Effectiveness Period and as may be necessary to comply with the provisions of the Securities Act with respect to the disposition of all
Registrable Securities or Primary Units covered by such Registration Statement, as applicable; 
 (b) if a prospectus supplement, offering
memorandum or similar marketing document will be used in connection with the marketing of a Primary Offering or Secondary Offering and the Selling Agent notifies the Partnership in writing that, in the sole judgment of such Selling Agent, inclusion
of detailed information in such prospectus supplement is of material importance to the success of such offering, the Partnership shall use its commercially reasonable efforts to include such information in such prospectus supplement, offering
memorandum or similar marketing document; 
 (c) furnish to each Selling Holder (i) as far in advance as reasonably practicable before
filing the Registration Statement or any other registration statement contemplated by this Agreement or any supplement or amendment thereto, upon request, copies of reasonably complete drafts of all such documents proposed to be filed (including
exhibits and each document incorporated by reference therein to the extent then required by the rules and regulations of the Commission) or use of a similar marketing instrument, and provide each such Selling Holder the opportunity to object to any
information pertaining to such Selling Holder and its plan of distribution that is contained therein and make the corrections reasonably requested by such Selling Holder with respect to such information prior to filing the Registration Statement or
such other registration statement or supplement or amendment thereto or use of a similar marketing instrument, and (ii) such number of copies of the Registration Statement or such other registration statement and the prospectus included therein
and any supplements and amendments thereto or similar marketing instrument as such Persons may reasonably request in order to facilitate the public sale or other disposition of the Registrable Securities covered by the Registration Statement or
other registration statement; 
 (d) if applicable, use its commercially reasonable efforts to register or qualify the Registrable Securities
covered by the Registration Statement or the Primary Units covered by any other registration statement contemplated by this Agreement under the securities or blue sky laws of such jurisdictions as the Selling Holders or, in the case of an Primary
Offering or Secondary Offering, the Selling Agent, shall reasonably request; provided, however, that the Partnership will not be required to qualify generally to transact business in any jurisdiction where it is not then required to so
qualify or to take any action that would subject it to general service of process in any jurisdiction where it is not then so subject; 

  
 7 

 (e) promptly notify each Selling Holder and each Selling Agent, at any time when a prospectus is
required to be delivered under the Securities Act, of (i) the filing of the Registration Statement or any other registration statement contemplated by this Agreement or any prospectus or prospectus supplement to be used in connection therewith,
or any amendment or supplement thereto, and, with respect to the such Registration Statement or any other registration statement contemplated by this Agreement or any post-effective amendment thereto, when the same has become effective; and
(ii) any written comments from the Commission with respect to any filing referred to in clause (i) and any written request by the Commission for amendments or supplements to the Registration Statement or any other registration statement
contemplated by this Agreement or any prospectus or prospectus supplement thereto; 
 (f) immediately notify each Selling Holder and/or the
Selling Agent, at any time when a prospectus 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 such Registration Statement or any
other registration statement contemplated by this Agreement or any post-effective amendment thereto, 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 threat of issuance by the Commission of any stop order
suspending the effectiveness of the Registration Statement or any other registration statement contemplated by this Agreement, or the initiation of any proceedings for that purpose; or (iii) the receipt by the Partnership of any notification
with respect to the suspension of the qualification of any Registrable Securities or Primary Units, as applicable, 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 reasonable action as is necessary to remove a stop order,
suspension, threat thereof or proceedings related thereto; 
 (g) upon request and subject to appropriate confidentiality obligations,
furnish to each Selling Holder copies of any and all transmittal letters or other correspondence with the Commission or any other governmental agency or self-regulatory body or other body having jurisdiction (including any domestic or foreign
securities exchange) relating to any offering of Registrable Securities; 
 (h) in the case of an Underwritten Offering, Primary Offering or
Secondary Offering, furnish upon request, (i) an opinion of counsel for the Partnership dated the date of the closing under the underwriting agreement or purchase agreement, as applicable and (ii) a “cold comfort” letter, dated
the pricing date of such offering (to the extent available) and a letter of like kind dated the date of the closing under the underwriting agreement or purchase agreement, as applicable, in each case, signed by the independent public accountants who
have certified the Partnership’s financial statements included or incorporated by reference into the applicable registration statement, and each of the opinion and the “cold comfort” letter shall be in customary form and covering
substantially the same matters with respect to such registration 

  
 8 

 
statement (and the prospectus and any prospectus supplement included therein) as have been customarily covered in opinions of issuer’s counsel and in accountants’ letters delivered to
the underwriters or placement agents in public offerings or private placements, as applicable, of securities by the Partnership and such other matters as the Selling Agent or Selling Holders, as applicable, may reasonably request; 

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

(j) make available to the appropriate representatives of the Selling Agent or Selling Holders, as applicable, access to such information and
Partnership personnel as is reasonable and customary to enable such parties to establish a due diligence defense under the Securities Act; 

(k) cause all Registrable Securities or Primary Units, as applicable, 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; 
 (l) use its
commercially reasonable efforts to cause the Registrable Securities or Primary Units, as applicable, 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 the Registrable Securities or to enable the Partnership to consummate the disposition of the Primary Units; 

(m) provide a transfer agent and registrar for all Registrable Securities or Primary Units, as applicable, covered by the Registration
Statement or any other registration statement contemplated by this Agreement not later than the effective date of such registration statement; and 

(n) enter into customary agreements and take such other actions as are reasonably requested by the Selling Holders or the Selling Agent, if
any, in order to expedite or facilitate the disposition of the Registrable Securities or the Primary Units, as applicable. 
 Each Selling
Holder, upon receipt of notice from the Partnership of the happening of any event of the kind described in subsection (f) of this Section 2.05, shall forthwith discontinue disposition of the Registrable Securities by means of a
prospectus or prospectus supplement until such Selling Holder’s receipt of the copies of the supplemented or amended prospectus contemplated by subsection (f) of this Section 2.05 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. 

Section 2.06 Cooperation by Holders. The Partnership shall have no obligation to include in a registration statement pursuant to
Section 2.01, a Secondary Offering pursuant to Section 2.02(a) or in a Piggyback Registration pursuant to Section 2.03(a), Registrable Securities of a Selling Holder who has failed to timely furnish such
information that, in the opinion of counsel to the Partnership, is reasonably required in order for a registration statement or prospectus supplement, as applicable, to comply with the Securities Act. 

  
 9 

 Section 2.07 Expenses. 

(a) Expenses. The Partnership will pay all reasonable Registration Expenses of the Registration Statement, Underwritten Offering,
Primary Offering or Secondary Offering, regardless of whether any sale of Registrable Securities or Primary Units is consummated. Each Selling Holder shall pay all Selling Expenses in connection with any sale of its Registrable Securities hereunder.
In addition, except as otherwise provided in Section 2.08, 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 or Primary Units on the Registration Statement or any other registration statement contemplated by this Agreement pursuant to
Section 2.01 or Section 2.03 and/or in connection with a Primary Offering or Secondary Offering pursuant to Section 2.02, and the disposition of such Registrable Securities or Primary Units, as applicable,
including, without limitation, all registration, filing, securities exchange listing and securities exchange 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 discounts and selling
commissions or placement agency fees applicable to the sale of Registrable Securities, or, with respect to a Redemption pursuant Section 2.02(b), a reduction in the price at which Registrable Securities are redeemed by the Partnership
equal to the underwriting, fees, discounts, commissions or placement agency fees applicable to the sale of Primary Units. 

Section 2.08 Indemnification. 

(a) By the Partnership. 

(i) 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 participating therein, its directors, officers, employees and agents, and each Person, if any, who controls such Selling Holder within the meaning of the Securities Act and the
Exchange Act, and its directors, officers, employees or agents, against any losses, claims, damages, expenses or liabilities (including reasonable attorneys’ fees and expenses) (collectively, “Losses”), joint or several,
to which such Selling Holder, director, officer, employee, agent or controlling Person may become subject under the Securities Act, the Exchange Act or otherwise, insofar as such Losses (or actions or proceedings, whether commenced or threatened, in
respect thereof) arise out of or are based upon any untrue statement or alleged untrue statement of any material fact (in the case of any prospectus, in light of the circumstances under which such statement is made) contained in the Registration
Statement or any other registration statement contemplated by this Agreement, any preliminary prospectus, prospectus supplement, free writing prospectus or final prospectus contained therein, or any 

  
 10 

 
amendment or supplement thereof, or arise out of or are based upon the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the
statements therein (in the case of a prospectus, in light of the circumstances under which they were made) not misleading, and will reimburse each such Selling Holder, its directors, officers, employee and agents, and each such controlling Person
for any legal or other expenses reasonably incurred by them in connection with investigating or defending any such Loss or actions or proceedings as such expenses are incurred; 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, its directors,
officers, employees and agents or such controlling Person in writing specifically for use in the Registration Statement or any other registration statement contemplated by this Agreement, or prospectus or any amendment or supplement thereto, as
applicable. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of such Selling Holder or any such directors, officers, employees agents or controlling Person, and shall survive the transfer of
such securities by such Selling Holder. 
 (ii) In the event of a Primary Offering pursuant to Section 2.02(a) or
a Primary Offering effected through a Piggyback Registration pursuant to Section 2.03(a), the Partnership will indemnify and hold harmless each Redemptee, its directors, officers, employees and agents, and each Person, if any, who
controls such Redemptee within the meaning of the Securities Act and the Exchange Act, and its directors, officers, employees or agents, against any Losses, joint or several, to which such Selling Holder, director, officer, employee, agent or
controlling Person may become subject under the Securities Act, the Exchange Act or otherwise, insofar as such Losses (or actions or proceedings, whether commenced or threatened, in respect thereof) arise out of or are based upon any untrue
statement or alleged untrue statement of any material fact (in the case of any prospectus, in the light of the circumstances under which such statement is made) contained in the Registration Statement or any other registration statement contemplated
by this Agreement, any preliminary prospectus or prospectus supplement, free writing prospectus or final prospectus or prospectus supplement contained therein, any offering memorandum, or similar marketing document, 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 the light of the circumstances
under which they were made) not misleading, and will reimburse each such Redemptee, its directors, officers, employee and agents, and each such controlling Person for any legal or other expenses reasonably incurred by them in connection with
investigating or defending any such Loss or actions or proceedings as such expenses are incurred; 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 Redemptee, its directors, officers, employees and agents or such controlling Person in writing
specifically for use in the Registration Statement or any other registration statement contemplated by this Agreement, prospectus, offering 

  
 11 

 
memorandum, or similar marketing document, or any amendment or supplement thereto, as applicable. Such indemnity shall remain in full force and effect regardless of any investigation made by or
on behalf of such Redemptee or any such directors, officers, employees agents or controlling Person, and shall survive the sale of Primary Units by the Partnership. 

(b) By Each Holder. 

(i) Each Selling Holder agrees severally and not jointly to indemnify and hold harmless the Partnership, its 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 Registration Statement or any other
registration statement contemplated by this Agreement, any preliminary prospectus, prospectus supplement, free writing prospectus or final prospectus contained therein, or any amendment or supplement thereto; provided, however, that the
liability of each Selling Holder shall not be greater in amount than the dollar amount of the proceeds (net of any Selling Expenses) received by such Selling Holder from the sale of the Registrable Securities giving rise to such indemnification.

 (ii) Each Redemptee agrees severally and not jointly to indemnify and hold harmless the Partnership, its 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 Redemptee, but only with respect to information regarding such Redemptee furnished in writing by or on behalf of such Redemptee expressly for inclusion in any registration statement contemplated by this Agreement, any
preliminary prospectus, prospectus supplement, free writing prospectus or final prospectus contained therein, offering memorandum, or similar marketing document relating to the Primary Units, or any amendment or supplement thereto; provided,
however, that the liability of each Redemptee shall not be greater in amount than the dollar amount of the proceeds (net of any Selling Expenses) received by such Redemptee from its pro rata share of the Redemption. 

(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 to so notify the indemnifying party shall not relieve it from any liability that it may
have to any indemnified party other than under this Section 2.08. In any action brought against any indemnified party, it shall notify the indemnifying party of the commencement thereof. The indemnifying party shall be entitled to
participate in and, to the extent it shall wish, to assume and undertake the defense thereof with counsel reasonably satisfactory to such indemnified party and, after notice from the indemnifying party to such indemnified party of its election so to
assume and undertake the defense thereof, the indemnifying party shall not be liable to such indemnified party under this Section 2.08 for any legal expenses subsequently 

  
 12 

 
incurred by such indemnified party in connection with the defense thereof other than reasonable costs of investigation and of liaison with counsel so selected; provided, however, that,
(i) if the indemnifying party has failed to assume the defense or employ counsel reasonably acceptable to the indemnified party or (ii) if the defendants in any such action include both the indemnified party and the indemnifying party and
counsel to the indemnified party shall have concluded that there may be reasonable defenses available to the indemnified party that are different from or additional to those available to the indemnifying party, or if the interests of the indemnified
party reasonably may be deemed to conflict with the interests of the indemnifying party, then the indemnified party shall have the right to select a separate counsel and to assume such legal defense and otherwise to participate in the defense of
such action, with the reasonable expenses and fees of such separate counsel and other reasonable expenses related to such participation to be reimbursed by the indemnifying party as incurred. Notwithstanding any other provision of this Agreement, no
indemnified party shall settle any action brought against it with respect to which such indemnified party is entitled to indemnification hereunder without the consent of the indemnifying party, unless the settlement thereof imposes no liability or
obligation on, and includes a complete and unconditional release from all liability of, the indemnifying party and further, 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 such 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 2.08 is held by a court or
government agency of competent jurisdiction to be unavailable to any indemnified party or is insufficient to hold them harmless in respect of any Losses, then each 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 that resulted in such Losses, as well as any other relevant equitable considerations; provided, however, that in no event shall the Selling Holder or Redemptee, as applicable, be required to contribute an
aggregate amount in excess of the dollar amount of proceeds (net of Selling Expenses) received by such Selling Holder or Redemptee from the sale of Registrable Securities or Redemption following a Primary Offering 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 that 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 that 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 fraudulent misrepresentation. 

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

Section 2.09 Rule 144 Reporting. With a view to making available the benefits of certain rules and regulations of the Commission
that may permit the sale of the Registrable Securities to the public without registration, 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 under the
Securities Act, at all times from and after the date hereof; 
 (b) file with the Commission in a timely manner all reports and other
documents required of the Partnership under the Exchange Act at all times from and after the date hereof; and 
 (c) so long as a Holder owns
any Registrable Securities, furnish 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 as such Holder may reasonably request in availing itself
of any rule or regulation of the Commission allowing such Holder to sell any such securities without registration. 
 Section 2.10
Transfer or Assignment of Registration Rights. The rights to cause the Partnership to register Registrable Securities or to undertake a Primary Offering granted to a Holder by the Partnership under this Article II and all other rights
as a Holder hereunder may be transferred or assigned by such Holder to one or more transferee(s) or assignee(s) of such Registrable Securities; provided, however, that (a) unless such transferee or assignee is an Affiliate of the Holder,
each such transferee or assignee holds Registrable Securities representing at least $2.0 million of Registrable Securities (based on the last sales price of the Common Units as of the trading date prior to the time of such transfer or assignment),
subject to adjustment pursuant to Section 3.04, (b) the Partnership is given written notice prior to any said transfer or assignment, stating the name and address of each such transferee or assignee and identifying the Registrable
Securities with respect to which such registration rights are being transferred or assigned, (c) each such transferee or assignee agrees to be bound by this Agreement; and (d) each such transferee or assignee shall be deemed to be included in
the applicable Holder Group of the transferring Holder for all purposes of this Agreement, unless such transferee or assignee is a member of another Holder Group at the time of such transfer or assignment, such that no transfer or assignment of any
Registrable Securities hereunder shall create an additional Holder Group; provided, further, that, notwithstanding anything to the contrary herein, effective upon receipt by Louisiana Midstream, LLC of Registrable Securities transferred by
PennTex Development or its transferees and subject to the appointment of a designated Holder Group representative to receive all notices and communications hereunder, Louisiana Midstream, LLC and its transferees, if any, shall constitute one, and
not more than one, additional Holder Group. 
 Section 2.11 Limitation on Subsequent Registration Rights. From and after the
date hereof, the Partnership shall not 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 that would reduce or limit the rights of the Holders of Registrable Securities hereunder or otherwise on terms more favorable in the aggregate to such other holders than this Agreement. 

Section 2.12 Restrictions on Public Sale by Holders of Registrable Securities. Each Holder who, along with its Affiliates, holds
at least five percent of the then-outstanding Registrable Securities agrees to enter into a customary letter agreement with underwriters providing such Holder will not effect any public sale or distribution of the Registrable Securities 

  
 14 

 
during a period not to exceed 60 calendar days beginning on the date of a prospectus or prospectus supplement filed with the Commission with respect to the pricing of an Underwritten Offering,
provided that (i) the duration of the foregoing restrictions shall be no longer than the duration of the shortest restriction generally imposed by the underwriters on the Partnership or the officers, directors or any other unitholder of
the Partnership on whom a restriction is imposed; and (ii) the restrictions set forth in this Section 2.12 shall not apply to any Registrable Securities that are otherwise sold in connection with an Underwritten Offering pursuant to
this Agreement. 
 ARTICLE III. 

MISCELLANEOUS 

Section 3.01 Communications. All notices and other communications provided for or permitted hereunder with respect to a Holder
shall be made in writing by electronic mail, courier service or personal delivery to the Holder’s applicable Holder Group representative appointed to receive such notices: 

 

	 	(a)	if to PennTex Development, for itself or as representative of its Holder Group: 

 PennTex
Midstream Partners, LLC 
 11931 Wickchester Ln., Suite 300 

Houston, TX 77043 
 Attn: Stephen
M. Moore 
 Email: smoore@penntex.com 
  

	 	(b)	if to MRD WHR or to MRD WHR (MRD), for itself or as representative of its Holder Group: 

 MRD
WHR LA Midstream LLC 
 500 Dallas Street, Suite 1800 

Houston, TX 77002 
 Attn: Kyle N.
Roane 
 Email: kroane@memorialrd.com 
  

	 	(c)	if to MRD WHR (WHR), for itself or as representative of its Holder Group: 

[            ] 

Attn: Jay Graham 
 Email:
jay.graham@wildhorseresources.com 
  

	 	(d)	except as permitted by Section 2.10, if to a transferee of any Holder, to the Holder Group representative of the transferring Holder; and 

 

	 	(e)	if to the Partnership: 

 PennTex Midstream Partners, LP 

11931 Wickchester Ln., Suite 300 

Houston, TX 77043 
 Attn: Stephen
M. Moore 
 Email: smoore@penntex.com 

with a copy to NGP X US Holdings, L.P. (for so long as funds affiliated with NGP X US Holdings, L.P. own, directly or indirectly through one or
more intermediaries, any securities of the Partnership): 

  
 15 

 NGP X US Holdings, L.P. 

5221 N. O’Conner Blvd., Suite 1100 

Irving, TX 75039 
 Attn: Cameron
Dunn 
 Email: cdunn@ngptrs.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 electronic mail; and when actually received, if sent by courier service or any other means. 

Section 3.02 Successor and Assigns. This Agreement shall inure to the benefit of and be binding upon the successors and assigns of
each of the parties, including subsequent Holders of Registrable Securities to the extent permitted herein. 
 Section 3.03
Assignment of Rights. All or any portion of the rights and obligations of the Holders under this Agreement may be transferred or assigned by the Holders in accordance with Section 2.10 hereof. 

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

Section 3.05 Specific Performance. Damages in the event of breach of this Agreement by a party hereto may be difficult, if not
impossible, to ascertain, and it is therefore agreed that each party, 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 party from pursuing any other rights and remedies at law or in equity that such party may have. 

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

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

  
 16 

 Section 3.08 Governing Law. The laws of the State of New York shall govern this
Agreement. 
 Section 3.09 Severability of Provisions. Any provision of this Agreement that is prohibited or unenforceable in
any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof or affecting or impairing the validity or enforceability of such provision in
any other jurisdiction. 
 Section 3.10 Scope of 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 supersedes all prior agreements and understandings between the parties with respect to such subject matter. 

Section 3.11 Amendment. This Agreement may be amended only by means of a written amendment signed by 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, whether or not such
Holder is disproportionately adversely affected compared to each other Holder. 
 Section 3.12 No Presumption. If any claim is
made by a party relating to any conflict, omission, or ambiguity in this Agreement, no presumption or burden of proof or persuasion shall be implied by virtue of the fact that this Agreement was prepared by or at the request of a particular party or
its counsel. 
 Section 3.13 Aggregation of Registrable Securities. 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 under this Agreement. 

Section 3.14 Obligations Limited to Parties to Agreement. Each of the parties hereto covenants, agrees and acknowledges that no
Person other than the Partnership and the Holders shall have any obligation hereunder and that, notwithstanding that one or more of the Holders 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
Holders or any former, current or future director, officer, employee, agent, general or limited partner, manager, member, stockholder or Affiliate of any of the foregoing, whether by the enforcement of any assessment or by any legal or equitable
proceeding, or by virtue of any applicable law, it being expressly agreed and acknowledged that no personal liability whatsoever shall attach to, be imposed on or otherwise be incurred by any former, current or future director, officer, employee,
agent, general or limited partner, manager, member, stockholder or Affiliate of any of the Holders 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 Holders 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 the Holders hereunder. 

  
 17 

 Section 3.15 Independent Nature of Each Holder’s Obligations. The obligations of
each Holder under this Agreement are several and not joint with the obligations of any other Holder, and no Holder shall be responsible in any way for the performance of the obligations of any other Holder under this Agreement; provided,
however, that each Holder consents to the designation of the applicable Holder Group representative set forth in Section 3.01 to act on behalf of such Holder’s Holder Group pursuant to Section 2.01,
Section 2.02 and Section 2.03. Nothing contained herein, and no action taken by any Holder pursuant thereto, shall be deemed to constitute the Holders as a partnership, an association, a joint venture or any other kind of
group or entity, or create a presumption that the Holders are in any way acting in concert or as a group with respect to such obligations or the transactions contemplated by this Agreement. Each Holder shall be entitled to independently protect and
enforce its rights, including without limitation, the rights arising out of this Agreement, and it shall not be necessary for any other Holder to be joined as an additional party in any proceeding for such purpose. 

Section 3.16 Interpretation. 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 the Holders under this Agreement, such action shall be in the Holders’ sole discretion unless otherwise specified. 

[Signature page follows] 

  
 18 

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

			
	 PENNTEX Midstream Partners, LLC

		
	 By:
		 
			 Name:

			 Title:

	
	 MRD WHR LA MIDSTREAM LLC

		
	 By:
		 
			 Name:

			 Title:

	
	 PENNTEX MIDSTREAM PARTNERS, LP

		
	 By:
		 PENNTEX MIDSTREAM GP, LLC,
 its general
partner

		
	 By:
		 
			 Name:

			 Title:

 Signature Page to Registration Rights Agreement

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