Document:

exv10w15

 

Exhibit 10.15

AMENDMENT

TO

AMENDED AND RESTATED NON-EXCLUSIVE CONSULTING AGREEMENT

     This AMENDMENT TO AMENDED AND RESTATED NON-EXCLUSIVE CONSULTING AGREEMENT (this “Amendment”)
is entered into effective as of the 30th day of June, 2006, between Edward F. Houff
(“Consultant”) and Kaiser Aluminum & Chemical Corporation, a corporation with offices located at
27422 Portola Parkway, #350, Foothill Ranch, CA 92610-2831 (“Kaiser”).

     WHEREAS, Consultant and Kaiser have previously entered into that certain Amended and Restated
Non-Exclusive Consulting Agreement, effective as of August 16, 2005 (the “Agreement”); and

     WHEREAS, Consultant and Kaiser desire to amend the Agreement as provided for herein.

     NOW, THEREFORE, in consideration of the premises and the mutual agreements contained herein
and other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereby agree as follows:

     1. Amendment to Section 1 of the Agreement. Section 1 of the Agreement is hereby
amended to delete both references to “June 30, 2006” and replace such references with “July 6,
2006.”

     2. Amendment to Section 3 of the Agreement. A new Section 3.2.5 shall be added and
shall read in its entirety as follows:

     3.2.5 There shall be no Base Fee for the period from July 1, 2006 through July 6, 2006. Hours
worked will be billed at $450 per hour, exclusive of expenses, subject to the same terms and
conditions for travel, weekend and holiday work as provided in paragraph 3.1.1.

     3. Reaffirmation. In all other respects, the terms and conditions of the Agreement
shall remain as set forth therein.

     4. Counterparts. This Amendment may be executed in any number of counterparts, each
of which shall be deemed to be an original but all of which together shall be deemed to be one and
the same agreement.

[Signatures on following page]

 

 

     IN WITNESS WHEREOF, this Amendment has been duly executed and delivered by the respective duly
authorized officers of the parties on the date first written above.

	 	 	 	 	 
	 	KAISER ALUMINUM & CHEMICAL CORPORATION

 	 
	 	By:  	/s/ John M. Donnan
 	 
	 	 	John M. Donnan, Vice President, Secretary 	 
	 	 	and General Counsel 	 
	 

	 	 	 	 	 
	 	CONSULTANT

 	 
	 	By:  	/s/ Edward F. Houff
 	 
	 	 	Edward F. Houffexv4w1

 

EXHIBIT 4.1

Execution Copy

REGISTRATION RIGHTS AGREEMENT

by and among

CROSSTEX ENERGY, L.P.

and

THE PURCHASERS PARTY HERETO

 

 

Table of Contents

	 	 	 	 	 	 	 
	 	 	 	 	 	Page	 
	 
	 	ARTICLE I	 	 	 	 
	 
	 	DEFINITIONS	 	 	 	 
	 
	 	 	 	 	 	 
	Section 1.1
	 	Definitions	 	 	1	 
	Section 1.2
	 	Registrable Securities	 	 	3	 
	 
	 	 	 	 	 	 
	 
	 	ARTICLE II	 	 	 	 
	 
	 	REGISTRATION RIGHTS	 	 	 	 
	 
	 	 	 	 	 	 
	Section 2.1
	 	Shelf Registration	 	 	4	 
	Section 2.2
	 	Piggyback Registration	 	 	5	 
	Section 2.3
	 	Underwritten Offering	 	 	6	 
	Section 2.4
	 	Sale Procedures	 	 	7	 
	Section 2.5
	 	Cooperation by Holders	 	 	10	 
	Section 2.6
	 	Restrictions on Public Sale by Holders of Registrable Securities	 	 	10	 
	Section 2.7
	 	Expenses	 	 	10	 
	Section 2.8
	 	Indemnification	 	 	11	 
	Section 2.9
	 	Rule 144 Reporting	 	 	13	 
	Section 2.10
	 	Transfer or Assignment of Registration Rights	 	 	13	 
	Section 2.11
	 	Limitation on Subsequent Registration Rights	 	 	14	 
	Section 2.12
	 	Aggregation of Registrable Securities	 	 	14	 
	Section 2.13
	 	Registration Pursuant to the Securities Exchange Act	 	 	14	 
	 
	 	 	 	 	 	 
	 
	 	ARTICLE III	 	 	 	 
	 
	 	MISCELLANEOUS	 	 	 	 
	 
	 	 	 	 	 	 
	Section 3.1
	 	Communications	 	 	14	 
	Section 3.2
	 	Successor and Assigns	 	 	17	 
	Section 3.3
	 	Assignment of Rights	 	 	17	 
	Section 3.4
	 	Recapitalization, Exchanges, etc. Affecting the Common Units	 	 	17	 
	Section 3.5
	 	Specific Performance	 	 	17	 
	Section 3.6
	 	Counterparts	 	 	18	 
	Section 3.7
	 	Headings	 	 	18	 
	Section 3.8
	 	Governing Law	 	 	18	 
	Section 3.9
	 	Severability of Provisions	 	 	18	 
	Section 3.10
	 	Entire Agreement	 	 	18	 
	Section 3.11
	 	Amendment	 	 	18	 
	Section 3.12
	 	No Presumption	 	 	18	 

 

 

REGISTRATION RIGHTS AGREEMENT

     THIS REGISTRATION RIGHTS AGREEMENT (this “Agreement”) is made and entered into as of
June 29, 2006 by and among CROSSTEX ENERGY, L.P., a Delaware limited partnership
(“Crosstex”), and each of the parties set forth on Schedule A hereto (the
“Purchasers”).

     WHEREAS, this Agreement is made in connection with the Closing of the issuance and sale of the
Purchased Units pursuant to the Senior Subordinated Series C Unit Purchase Agreement, dated as of
May 16, 2006, by and between Crosstex and the Purchasers (the “Purchase Agreement”);

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

     WHEREAS, it is a condition to the obligations of the Purchasers and Crosstex under the
Purchase Agreement that this Agreement be executed and delivered.

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

ARTICLE I

DEFINITIONS

     Section 1.1 Definitions. The terms set forth below are used herein as so defined:

          “Affiliate” means, with respect to a specified Person, any other Person, directly or
indirectly controlling, controlled by or under direct or indirect common control with such
specified Person and, for the purposes of this definition, any registered investment advisor,
together with its clients for whom it exercises investment discretion and acts as agent and
attorney-in-fact shall be considered Affiliates. For purposes of this definition, “control”
(including, with correlative meanings, “controlling,” “controlled by,” and “under common control
with”) means the power to direct or cause the direction of the management and policies of such
Person, directly or indirectly, whether through the ownership of voting securities, by contract or
otherwise.

          “Anniversary Date” shall have the meaning set forth in the Purchase Agreement.

          “Business Day” means any day other than a Saturday, Sunday, any federal legal holiday
or day on which banking institutions in the State of New York or State of Texas are authorized or
required by law or other governmental action to close.

          “Closing” shall have the meaning set forth in the Purchase Agreement.

          “Closing Date” shall have the meaning set forth in the Purchase Agreement.

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

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          “Common Units” shall have the meaning set forth in the Purchase Agreement.

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

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

          “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended, and the
rules and regulations of the Commission promulgated thereunder.

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

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

          “Losses” has the meaning specified therefor in Section 2.8(a) of this
Agreement.

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

          “Non-Disclosure Agreements” means collectively (i) the Letter Agreement, dated April
27, 2006, by and between Kayne Anderson MLP Investment Company and Crosstex, (ii) the Letter
Agreement, dated May 3, 2006, by and between Tortoise Capital Advisors LLC, and Crosstex, (iii) the
Letter Agreement, dated April 27, 2006, by and between LB I Group Inc. and Crosstex, and (iv) the
Letter Agreement, dated May 4, 2006, by and between Fiduciary Asset Management, LLC and Crosstex.

          “Other Holder” has the meaning specified in Section 2.2(b).

          “Other Registrable Securities” means Registrable Securities as defined in (i) that
certain Registration Rights Agreement, dated as of June 24, 2005, among Crosstex and certain of the
Purchasers and (i) that certain Registration Rights Agreement, dated as of November 1, 2005, among
Crosstex and certain of the Purchasers.

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

          “Piggyback Registration” has the meaning specified therefor in Section 2.2(a)
of this Agreement.

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

          “Purchased Units” shall have the meaning set forth in the Purchase Agreement.

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

          “Registrable Securities” means the Purchase Units and the Common Units to be issued
upon conversion of the Purchased Units, all of which are subject to the rights provided herein
until such rights terminate pursuant to the provisions of this Agreement.

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

          “Securities Act” means the Securities Act of 1933, as amended, and the rules and
regulations of the Commission promulgated thereunder.

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

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

          “Senior Subordinated Units” means Senior Subordinated Units purchased pursuant to the
Senior Subordinated Unit Purchase Agreement, dated June 24, 2005, by and among Crosstex and the
purchasers party thereto and any Common Units into which such Senior Subordinated Units convert.

          “Senior Subordinated Series B Units” means Senior Subordinated Series B Units
purchased pursuant to the Senior Subordinated Series B Unit Purchase Agreement, dated November 1,
2005, by and among Crosstex and the purchasers party thereto and any Common Units into which such
Senior Subordinated Series B Units convert.

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

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

     Section 1.2 Registrable Securities. Any Registrable Security will cease to be a
Registrable Security when (a) a registration statement covering such Registrable Security has been
declared effective by the Commission and such Registrable Security has been sold or disposed of
pursuant to such effective registration statement; (b) such Registrable Security has been disposed
of pursuant to any Section of Rule 144 (or any similar provision then in force under the Securities
Act); (c) such Registrable Security is held by Crosstex or one of its subsidiaries; (d) 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 (e) three years from the date hereof.

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ARTICLE II

REGISTRATION RIGHTS

     Section 2.1 Shelf Registration.

          (a) Shelf Registration. As soon as practicable following the Closing of the
acquisition of the Purchased Units pursuant to the terms of the Purchase Agreement, but in any
event within 30 days of the Closing, Crosstex shall prepare and file a Shelf Registration Statement
covering the Registrable Securities. Crosstex shall use its commercially reasonable efforts to
cause the Shelf Registration Statement to become effective no later than 120 days after the date of
the Closing. A Shelf Registration Statement filed pursuant to this Section 2.1(a) shall be
on such appropriate registration form of the Commission as shall be selected by Crosstex; provided,
however, that if a prospectus supplement will be used in connection with the marketing of an
Underwritten Offering from the Shelf Registration Statement and the Managing Underwriter at any
time shall notify Crosstex in writing that, in the sole judgment of such Managing Underwriter,
inclusion of detailed information to be used in such prospectus supplement is of material
importance to the success of the Underwritten Offering of such Registrable Securities, Crosstex
shall include such information in the prospectus unless it has determined, upon advice of counsel,
that such information would violate the rules and regulations of the Commission or would cause such
prospectus supplement to contain an untrue statement of a material fact or to omit to state a
material fact required to be stated therein or necessary in order to make the statements therein
not misleading. Crosstex will use its commercially reasonable efforts to cause the Shelf
Registration Statement filed pursuant to this Section 2.1(a) to be continuously effective
under the Securities Act until the earlier of (i) all Registrable Securities covered by the Shelf
Registration Statement have been distributed in the manner set forth and as contemplated in the
Shelf Registration Statement, (ii) there are no longer any Registrable Securities outstanding or
(iii) three years from the Closing (the “Effectiveness Period”). The Shelf Registration
Statement when declared effective (including the documents incorporated therein by reference) will
comply as to form in all material respects with all applicable requirements of the Securities Act
and the Exchange Act and will not contain an untrue statement of a material fact or omit to state a
material fact required to be stated therein or necessary to make the statements therein not
misleading. If the Shelf Registration Statement is not declared effective within 180 days after
Closing, then the Purchasers (other than any Purchaser who has requested to not be included in the
Shelf Registration Statement) shall be entitled to a payment (with respect to each of such
Purchaser’s Purchased Units), as liquidated damages and not as a penalty, of 0.25% of the Purchase
Price per 30-day period for the first sixty (60) days following the 120th day after Closing, with
such payment amount increasing by an additional 0.25% of the Purchase Price per 30-day period for
each subsequent 60 days, up to a maximum of 1.00% of the Purchase Price per 30-day period (the
“Liquidated Damages”), until such time as the Shelf Registration Statement is declared
effective or there are no longer any Registrable Securities outstanding. The Liquidated Damages
shall accrue on a daily basis and be paid to each Purchaser in cash within ten (10) Business Days
of the end of such 30-day period. The Purchasers’ rights (and any transferee’s rights pursuant to Section 2.10) under this
Section 2.1 shall terminate when such Registrable Securities become eligible for resale under Rule
144(k) (or any similar provision then in force under the Securities Act). Notwithstanding anything
to the contrary contained herein, Crosstex Energy, Inc. shall not
 be entitled to receive

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any
Liquidated Damages that arise out of any delay in effectiveness caused directly or indirectly by
Crosstex Energy, Inc.

          (b) Delay Rights. Notwithstanding anything to the contrary contained herein, Crosstex
may, upon written notice to any Selling Holder whose Registrable Securities are included in the
Shelf Registration Statement, suspend such Selling Holder’s use of any prospectus which is a part
of the Shelf Registration Statement (in which event the Selling Holder shall discontinue sales of
the Registrable Securities pursuant to the Shelf Registration Statement) if (i) Crosstex is
pursuing an acquisition, merger, reorganization, disposition or other similar transaction and
Crosstex determines in good faith that Crosstex’s ability to pursue or consummate such a
transaction would be materially and adversely affected by any required disclosure of such
transaction in the Shelf Registration Statement or (ii) Crosstex has experienced some other
material non-public event the disclosure of which at such time, in the good faith judgment of
Crosstex, would materially and adversely affect Crosstex; however, in no event shall any delay
pursuant hereto exceed sixty (60) days in any one hundred-eighty (180) day period or ninety (90)
days in any twelve-month period. Upon disclosure of such information or the termination of the
condition described above, Crosstex shall provide prompt notice to the Selling Holders whose
Registrable Securities are included in the Shelf Registration Statement, and shall promptly
terminate any suspension of sales it has put into effect and shall take such other actions to
permit registered sales of Registrable Securities as contemplated in this Agreement.

     Section 2.2 Piggyback Registration.

          (a) Participation. Commencing on the conversion of the Purchased Units to Common
Units, if Crosstex at any time proposes to file a prospectus supplement to an effective Shelf
Registration Statement with respect to an Underwritten Offering of Common Units for its own account
or to register any Common Units for its own account for sale to the public in an Underwritten
Offering or otherwise file any registration statement with the Commission relating to any
Underwritten Offering of Common Units other than (x) a registration statement on Form S-8 (or any
successor form) relating solely to employee benefit plans or (y) a registration statement on Form
S-4 (or any successor form) relating solely to a Rule 145 transaction, then, as soon as practicable
following the engagement of counsel to Crosstex to prepare the documents to be used in connection
with an Underwritten Offering, Crosstex shall give notice of such proposed Underwritten Offering to
the Holders, and such notice shall offer the Holders the opportunity to include in such
Underwritten Offering such number of Registrable Securities (the “Included Registrable
Securities”) as each such Holder may request in writing (a “Piggyback Registration”);
provided, however, that Crosstex shall not be required to offer such opportunity to
Holders if (i) the Holders do not offer a minimum of $5,000,000 of Registrable Securities and Other
Registrable Securities, in the aggregate, (determined by multiplying the number of Registrable
Securities and Other Registrable Securities owned by the average of the closing price
on NASDAQ for Common Units for the ten (10) trading days preceding the date of such notice).
The notice required to be provided in this Section 2.2(a) to Holders shall be provided on a
Business Day pursuant to Section 3.1 hereof and receipt of such notice shall be confirmed
by Holder. Holder shall then have two (2) Business Days to request inclusion of Registrable
Securities in the Underwritten Offering. If no request for inclusion from a Holder is received
within the specified time, such Holder shall have no further right to participate in such Piggyback

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Registration. If, at any time after giving written notice of its intention to undertake an
Underwritten Offering and prior to the closing of such Underwritten Offering, Crosstex shall
determine for any reason not to undertake or to delay such Underwritten Offering, Crosstex may, at
its election, give written notice of such determination to the Selling Holders and, (x) in the case
of a determination not to undertake such Underwritten Offering, shall be relieved of its obligation
to sell any Included Registrable Securities in connection with such terminated Underwritten
Offering, and (y) in the case of a determination to delay such Underwritten Offering, shall be
permitted to delay offering any Included Registrable Securities for the same period as the delay in
the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling
Holder’s request for inclusion of such Selling Holder’s Registrable Securities in such offering by
giving written notice to Crosstex of such withdrawal up to and including the time of pricing of
such offering. No Holders shall be entitled to participate in any such Underwritten Offering under
this Section 2.2(a) unless such Holder (together with any Affiliates that are Selling Holders)
participating therein holds at least fifteen million ($15,000,000) of Registrable Securities and
Other Registrable Securities, in the aggregate, (determined by multiplying the number of
Registrable Securities and Other Registrable Securities owned by the average of the closing price
for Common Units for the ten (10) trading days preceding the date of such notice).

          (b) Priority of Piggyback Registration. If the Managing Underwriter or Underwriters
of any proposed Underwritten Offering of Common Units included in a Piggyback Registration advises
Crosstex that the total amount of Common Units which the Selling Holders and any other Persons
intend to include in such offering exceeds the number which can be sold in such offering without
being likely to have an adverse effect on the price, timing or distribution of the Common Units
offered or the market for the Common Units, then the Common Units to be included in such
Underwritten Offering shall include the number of Registrable Securities that such Managing
Underwriter or Underwriters advises Crosstex can be sold without having such adverse effect, with
such number to be allocated pro rata among the Selling Holders and any other
Persons who have been or are granted registration rights on or after the date of this Agreement
(“Other Holders”) who have requested participation in the Piggyback Registration (based,
for each such Selling Holder or Other Holder, on the percentage derived by dividing (A) the number
of Registrable Securities proposed to be sold by such Selling Holder or such Other Holder in such
offering; by (B) the aggregate number of Common Units proposed to be sold by all Selling Holders
and all Other Holders in the Piggyback Registration).

          (c) Piggyback Registration by Crosstex Energy, Inc. To the extent any conflict exists
between the rights granted to Crosstex Energy, Inc. pursuant to this Section 2.2 and rights
granted to Crosstex Energy, Inc. pursuant to the Partnership Agreement (as defined in the Purchase
Agreement) with respect to a Piggyback Registration, the provisions of this Agreement shall
control.

     Section 2.3 Underwritten Offering.

          (a) S-3 Registration. In the event that a Selling Holder (together with any
Affiliates that are Selling Holders) elects to dispose of Registrable Securities under the Shelf
Registration Statement pursuant to an Underwritten Offering of at least fifteen million
($15,000,000) of Registrable Securities and Other Registrable Securities, Crosstex shall, at the

6

 

request of such Selling Holder, enter 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 2.8, and shall take all such other
reasonable actions as are requested by the Managing Underwriter in order to expedite or facilitate
the disposition of the Registrable Securities; provided, however, that Crosstex management will not
be required to participate in a roadshow or similar marketing effort.

          (b) General Procedures. In connection with any Underwritten Offering (i) under
Section 2.2 of this Agreement, Crosstex shall be entitled to select the Managing
Underwriter or Underwriters, and (ii) under Section 2.3 of this Agreement, the Selling
Holders shall be entitled to select the Managing Underwriter or Underwriters. In connection with
an Underwritten Offering under Section 2.2 or Section 2.3 hereof, each Selling
Holder and Crosstex shall enter into an underwriting agreement with the Managing Underwriter or
Underwriters which contains such representations, covenants, indemnities and other rights and
obligations as are customary in underwriting agreements for firm commitment offerings of equity
securities. No Selling Holder may participate in such Underwritten Offering unless such Selling
Holder agrees to sell its Registrable Securities on the basis provided in such underwriting
agreement and completes and executes all questionnaires, powers of attorney, indemnities and other
documents reasonably required under the terms of such underwriting agreement. Each Selling Holder
may, at its option, require that any or all of the representations and warranties by, and the other
agreements on the part of, Crosstex to and for the benefit of such underwriters also be made to and
for such Selling Holder’s benefit and that any or all of the conditions precedent to the
obligations of such underwriters under such underwriting agreement also be conditions precedent to
its obligations. No Selling Holder shall be required to make any representations or warranties to
or agreements with Crosstex or the underwriters other than representations, warranties or
agreements regarding such Selling Holder and its ownership of the securities being registered on
its behalf and its intended method of distribution and any other representation required by law.
If any Selling Holder disapproves of the terms of an underwriting, such Selling Holder may elect to
withdraw therefrom by notice to Crosstex and the Managing Underwriter; provided,
however, that such withdrawal must be made prior to the pricing of such Underwritten
Offering hereof to be effective. No such withdrawal or abandonment shall affect Crosstex’s
obligation to pay Registration Expenses.

     Section 2.4 Sale Procedures. In connection with its obligations contained in Sections
2.1, 2.2 and 2.3, Crosstex will, as expeditiously as possible:

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

          (b) furnish to each Selling Holder (i) as far in advance as reasonably practicable before
filing the Shelf 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

7

 

regulations of the
Commission), and provide each such Selling Holder the opportunity to object to any information
pertaining to such Selling Holder and its plan of distribution that is contained therein and make
the corrections reasonably requested by such Selling Holder with respect to such information prior
to filing the Shelf Registration Statement or such other registration statement and the prospectus
included therein or any supplement or amendment thereto, and (ii) such number of copies of the
Shelf Registration Statement or such other registration statement and the prospectus included
therein and any supplements and amendments thereto as such Persons may reasonably request in order
to facilitate the public sale or other disposition of the Registrable Securities covered by such
Shelf Registration Statement or other registration statement;

          (c) if applicable, use its commercially reasonable efforts to register or qualify the
Registrable Securities covered by the Shelf Registration Statement or any other registration
statement contemplated by this Agreement under the securities or blue sky laws of such
jurisdictions as the Selling Holders or, in the case of an Underwritten Offering, the Managing
Underwriter, shall reasonably request, provided that Crosstex will not be required to qualify
generally to transact business in any jurisdiction where it is not then required to so qualify or
to take any action which would subject it to general service of process in any such jurisdiction
where it is not then so subject;

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

          (e) immediately notify each Selling Holder and each underwriter, at any time when a prospectus
relating thereto is required to be delivered under the Securities Act, of (i) the happening of any
event as a result of which the prospectus contained in the Shelf Registration Statement or any
other registration statement contemplated by this Agreement or any supplemental amendment thereto,
includes an untrue statement of a material fact or omits to state
any material fact required to be stated therein or necessary to make the statements therein
not misleading in the light of the circumstances then existing; (ii) the issuance or threat of
issuance by the Commission of any stop order suspending the effectiveness of the Shelf 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 Crosstex of any notification with respect
to the suspension of the qualification of any Registrable Securities for sale under the applicable
securities or blue sky laws of any jurisdiction. Following the provision of such notice, Crosstex
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

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circumstances then
existing and to take such other action as is necessary to remove a stop order, suspension, threat
thereof or proceedings related thereto;

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

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

          (h) 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 covering the period of at least 12 months, but not more than 18
months, beginning with the first full calendar month after the effective date of such registration
statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities
Act and Rule 158 promulgated thereunder;

          (i) make available to the appropriate representatives of the Managing Underwriter and Selling
Holders access to such information and Crosstex personnel as is reasonable and customary to enable
such parties to establish a due diligence defense under the Securities Act; provided that Crosstex
need not disclose any information to any such
representative unless and until such representative has entered into a confidentiality
agreement with Crosstex;

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

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

9

 

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

          (m) enter into customary agreements and take such other actions as are reasonably requested by
the Selling Holders or the underwriters, if any, in order to expedite or facilitate the disposition
of such Registrable Securities.

     Each Selling Holder, upon receipt of notice from Crosstex of the happening of any event of the
kind described in subsection (e) of this Section 2.4, shall forthwith discontinue
disposition of the Registrable Securities until such Selling Holder’s receipt of the copies of the
supplemented or amended prospectus contemplated by subsection (e) of this Section 2.4 or
until it is advised in writing by Crosstex that the use of the prospectus may be resumed, and has
received copies of any additional or supplemental filings incorporated by reference in the
prospectus, and, if so directed by Crosstex, such Selling Holder will, or will request the Managing
Underwriter or underwriters, if any, to deliver to Crosstex (at Crosstex’s expense) all copies in
their possession or control, other than permanent file copies then in such Selling Holder’s
possession, of the prospectus and any prospectus supplement covering such Registrable Securities
current at the time of receipt of such notice.

     Section 2.5 Cooperation by Holders. Crosstex shall have no obligation to include in the
Shelf Registration Statement units of a Holder or in a Piggyback Registration units of a Selling
Holder who has failed to timely furnish such information which, in the opinion of counsel to
Crosstex, is reasonably required in order for the registration statement or prospectus supplement,
as applicable, to comply with the Securities Act.

     Section 2.6 Restrictions on Public Sale by Holders of Registrable Securities. Each Holder
of Registrable Securities who is included in the Shelf Registration Statement agrees not to effect
any public sale or distribution of the Registrable Securities during the 30 calendar day period
beginning on the date of a prospectus supplement filed with the Commission with respect to the
pricing of an Underwritten Offering, or other prospectus (including any free writing prospectus)
containing the terms of the pricing of such Underwritten Offering provided that the duration of the
foregoing restrictions shall be no longer than the duration of the shortest restriction generally
imposed by the underwriters on the officers or directors or any other
unitholder of Crosstex on whom a restriction is imposed and provided further that such Selling
Holder (together with any Affiliates that are Selling Holders) owns at least fifteen million
($15,000,000) of Registrable Securities, and Other Registration Securities, in the aggregate
(determined by multiplying the number of Registrable Securities and Other Registrable Securities
owned by the average of the closing price for Common Units for the ten (10) trading days preceding
the date of such filing).

     Section 2.7 Expenses.

          (a) Certain Definitions. “Registration Expenses” means all expenses incident
to Crosstex’s performance under or compliance with this Agreement to effect the registration of
Registrable Securities in a Shelf Registration pursuant to Section 2.1, a Piggyback
Registration pursuant to Section 2.2, or an Underwritten Offering pursuant to Section
2.3, and the disposition of such securities, including, without limitation, all registration,
filing, securities exchange listing

10

 

and NASDAQ fees, all registration, filing, qualification and
other fees and expenses of complying with securities or blue sky laws, fees of the National
Association of Securities Dealers, Inc., transfer taxes and fees of transfer agents and registrars,
all word processing, duplicating and printing expenses, the fees and disbursements of counsel and
independent public accountants for Crosstex, including the expenses of any special audits or “cold
comfort” letters required by or incident to such performance and compliance. Except as otherwise
provided in Section 2.8 hereof, Crosstex shall not be responsible for legal fees incurred
by Holders in connection with the exercise of such Holders’ rights hereunder. In addition,
Crosstex shall not be responsible for any “Selling Expenses,” which means all underwriting
fees, discounts and selling commissions and transfer taxes allocable to the sale of the Registrable
Securities.

          (b) Expenses. Crosstex will pay all reasonable Registration Expenses in connection
with a Piggyback Registration or Underwritten Offering, whether or not any sale is made pursuant to
the Piggyback Registration or Underwritten Offering. Each Selling Holder shall pay all Selling
Expenses in connection with any sale of its Registrable Securities hereunder.

     Section 2.8 Indemnification.

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

11

 

          (b) By Each Selling Holder. Each Selling Holder agrees severally and not jointly to
indemnify and hold harmless Crosstex, its directors and officers, and each Person, if any, who
controls Crosstex within the meaning of the Securities Act or of the Exchange Act to the same
extent as the foregoing indemnity from Crosstex 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 Shelf Registration Statement or prospectus supplement
relating to the Registrable Securities, 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.

          (c) Notice. Promptly after receipt by an indemnified party hereunder of notice of the
commencement of any action, such indemnified party shall, if a claim in respect thereof is to be
made against the indemnifying party hereunder, notify the indemnifying party in writing thereof,
but the omission so to notify the indemnifying party shall not relieve it from any liability which
it may have to any indemnified party other than under this Section 2.8. In any action
brought against any indemnified party, it shall notify the indemnifying party of the commencement
thereof. The indemnifying party shall be entitled to participate in and, to the extent it shall
wish, to assume and undertake the defense thereof with counsel reasonably satisfactory to such
indemnified party and, after notice from the indemnifying party to such indemnified party of its
election so to assume and undertake the defense thereof, the indemnifying party shall not be liable
to such indemnified party under this Section 2.8 for any legal expenses subsequently
incurred by such indemnified party in connection with the defense thereof other than reasonable
costs of investigation and of liaison with counsel so selected; provided, however,
that, (i) if the indemnifying party has failed to assume the defense and employ counsel 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, the indemnifying party shall not settle any indemnified claim without the consent of the
indemnified party, unless the settlement thereof imposes no liability or obligation on, includes a
complete release from liability of, and does not contain any admission of wrong doing by, the
indemnified party.

          (d) Contribution. If the indemnification provided for in this Section 2.8 is
held by a court or government agency of competent jurisdiction to be unavailable to Crosstex or any
Selling Holder or is insufficient to hold them harmless in respect of any Losses, then each such
indemnifying party, in lieu of indemnifying such indemnified party, shall contribute to the amount
paid or payable by such indemnified party as a result of such Losses in such proportion as is
appropriate to reflect the relative fault of Crosstex on the one hand and of such Selling Holder on
the other in connection with the statements or omissions which resulted in such Losses, as well as
any other relevant equitable considerations; provided, however, that in no

12

 

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

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

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

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

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

          (c) So long as a Holder owns any Registrable Securities, furnish to such Holder forthwith upon
request a copy of the most recent annual or quarterly report of Crosstex, 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 Crosstex
to register Registrable Securities granted to the Purchasers by Crosstex under this Article II may
be transferred or assigned by the Purchasers to one or more transferee(s) or assignee(s) of such
Registrable Securities, who (a) are Affiliates of such Purchaser, or (b) hold, collectively with
its or their Affiliates, after giving effect to such transfer or assignment, at least fifteen
million ($15,000,000) of Registrable Securities and Other Registrable Securities.

13

 

Crosstex shall
be given written notice prior to any said transfer or assignment, stating the name and address of
each such transferee and identifying the securities with respect to which such registration rights
are being transferred or assigned, and each such transferee shall assume in writing responsibility
for its obligations of the Purchasers under this Agreement.

     Section 2.11 Limitation on Subsequent Registration Rights. From and after the date hereof,
Crosstex shall not, without the prior written consent of the Holders of a 80% of the outstanding
Registrable Securities, enter into any agreement with any current or future holder of any
securities of Crosstex that would allow such current or future holder to require Crosstex to
include securities in any registration statement filed by Crosstex on a basis that is superior in
any way to the piggyback rights granted to the Purchasers hereunder.

     Section 2.12 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. In addition, all Registrable
Securities held or acquired by Fiduciary / Claymore MLP Opportunity Fund and its Affiliates, on the
one hand, and Energy Income and Growth Fund and its Affiliates, on the other hand, shall be
aggregated together for the purpose of determining the availability of any rights under this
Agreement.

     Section 2.13 Registration Pursuant to the Securities Exchange Act. Upon the effectiveness
of any Shelf Registration Statement that registers the Senior Subordinated Series C Units, Crosstex
shall promptly file a Form 8-A with the Commission with
respect to the Senior Subordinated Series C Units or otherwise cause the Senior Subordinated Series
C Units to become registered under Section 12 of the Securities Exchange Act of 1934, as amended,
and shall provide written notice of such registration to each Purchaser within one Business Day.

ARTICLE III

MISCELLANEOUS

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

	 	(a)	 	If to Chieftain Capital Management, Inc., as agent and
attorney-in-fact for the Purchasers who are its clients under separate
investment advisor agreements:

Chieftain Capital Management, Inc.

12 East 49th Street

New York, New York 10017

Attn: Thomas D. Stern

with a copy to:

Seward & Kissel LLP

One Battery Park Plaza

New York, New York 10004

14

 

Attention: Patricia A. Poglinco, Esq.

Fax: (212) 480-8421

	 	(b)	 	If to Crosstex Energy, Inc.

Crosstex Energy, Inc.

2501 Cedar Springs

Dallas, Texas 75201

Attention: Barry E. Davis

Facsimile: (214) 953-9500

with a copy to:

Baker Botts L.L.P.

2001 Ross Avenue

Dallas, Texas 75201-2980

Attention: Doug Rayburn

Facsimile: (214) 661-4634

	 	(c)	 	If to Energy Income and Growth Fund or Fiduciary/Claymore MLP
Opportunity Fund:

c/o Fiduciary Asset Management

8112 Maryland Avenue, Suite 400

St. Louis MO 63105

Attention: Jim Cunnane

Facsimile: (314) 863-4360

with a copy to:

Andrews Kurth LLP

1350 I Street, NW, Suite 1100

Washington, DC 20005

Attention: Bill Cooper

Facsimile: (202) 974-9537

	 	(d)	 	If to Kayne Anderson MLP Investment Company or Kayne Anderson
Energy Total Return Fund, Inc.:

1800 Avenue of the Stars, 2nd Floor

Los Angeles, CA 90067

Attention: David Shladovsky, Esq.

Facsimile: (310) 284-6490

and

1100 Louisiana, Suite 4550

Houston, Texas 77002

15

 

Attention: Kevin McCarthy

Facsimile: (713) 655-7359

with a copy to:

Vinson & Elkins L.L.P.

1001 Fannin, Suite 2300

Houston, TX 77002

Attention: Dan Fleckman

Facsimile: (713) 615-5859

	 	(e)	 	If to Lehman Brothers MLP Partners, L.P.:

Lehman Brothers MLP Partners, L.P.

c/o Lehman Brothers Inc.

399 Park Avenue, 9th Floor

New York, NY 10022

Attention: Michael J. Cannon

Facsimile: 646-758-4208

with a copy to:

Vinson & Elkins L.L.P.

1001 Fannin, Suite 2300

Houston, TX 77002

Attention: Dan Fleckman

Facsimile: (713) 615-5859

	 	(f)	 	If to Lubar Equity Fund, LLC:

Lubar Equity Fund, LLC

700 N. Water Street

Suite 1200

Milwaukee, WI 53202

Attn: David J. Lubar

Facsimile: (414) 291-9061

	 	(g)	 	If to Tortoise Energy Infrastructure Corporation:

10801 Mastin, Suite 222

Overland Park, KS 66210

Attention: David Schulte

Facsimile: (913) 981-1021

with a copy to:

16

 

Blackwell Sanders Peper Martin LLP

2300 Main Street, Suite 1000

Kansas City, MO 64108

Attention: Steven F. Carman

Facsimile: (816) 983-8080

	 	(h)	 	If to Crosstex:

Crosstex Energy, L.P.

2501 Cedar Springs

Dallas, Texas 75201

Attention: Barry E. Davis

Facsimile: (214) 953-9500

with a copy to:

Baker Botts L.L.P.

2001 Ross Avenue

Dallas, Texas 75201-2980

Attention: Doug Rayburn

Facsimile: (214) 661-4634

or, if to a transferee of such Purchaser, to such Holder at the address provided pursuant to
Section 2.10 above. All such notices and communications shall be deemed to have been
received at the time delivered by hand, if personally delivered; when receipt acknowledged, if sent
via facsimile or sent via Internet electronic mail; and when actually received, if sent by any
other means.

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

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

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

     Section 3.5 Specific Performance. Damages in the event of breach of this Agreement by a
party hereto may be difficult, if not impossible, to ascertain, and it is therefore agreed that
each such Person, in addition to and without limiting any other remedy or right it may have, will

17

 

have the right to an injunction or
other equitable relief in any court of competent jurisdiction, enjoining any such breach, and
enforcing specifically the terms and provisions hereof, and each of the parties hereto hereby
waives any and all defenses it may have on the ground of lack of jurisdiction or competence of the
court to grant such an injunction or other equitable relief. The existence of this right will not
preclude any such Person from pursuing any other rights and remedies at law or in equity which such
Person may have.

     Section 3.6 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 3.7 Headings. The headings in this Agreement are for convenience of reference only and shall
not limit or otherwise affect the meaning hereof.

     Section 3.8 Governing Law. The laws of the State of Texas shall govern this Agreement without regard
to principles of conflict of laws.

     Section 3.9 Severability of Provisions. Any provision of this Agreement which is prohibited or
unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of
such prohibition or unenforceability without invalidating the remaining provisions hereof or
affecting or impairing the validity or enforceability of such provision in any other jurisdiction.

     Section 3.10 Entire Agreement. This Agreement, the Purchase Agreement and the Non-Disclosure Agreement
are 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 or therein. There are no restrictions, promises, warranties or
undertakings, other than those set forth or referred to herein or therein with respect to the
rights granted by Crosstex set forth herein or therein. This Agreement, the Purchase Agreement and
the Non-Disclosure Agreement supersede all prior agreements and understandings between the parties
with respect to such subject matter.

     Section 3.11 Amendment. This Agreement may be amended only by means of a written amendment signed by Crosstex and the
Holders of a 80% of the then outstanding Registrable Securities; provided, however, that no such
amendment shall materially and adversely affect the rights of any Holder hereunder without the
consent of such Holder.

     Section 3.12 No Presumption. In the event 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.

[The remainder of this page is intentionally left blank.]

18

 

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

	 	 	 	 	 	 	 
	 	 	CROSSTEX ENERGY, L.P.	 	 
	 
	 	 	 	 	 	 
	 	 	By: Crosstex Energy GP, L.P. (its General Partner)	 	 
	 
	 	 	 	 	 	 
	 	 	By: Crosstex Energy GP, LLC (its General Partner)	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	     /s/ William W. Davis	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	     William W. Davis	 	 
	 

	 	 	 	     Executive Vice President and Chief Financial Officer	 	 

[Signature Page to Registration Rights Agreement]

 

 

	 	 	 	 	 	 	 
	 	 	CHIEFTAIN CAPITAL MANAGEMENT, INC.,	 	 
	 	 	as agent and attorney-in-fact for the Purchasers who	 	 
	 	 	are its clients under separate investment advisor	 	 
	 	 	agreements	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Thomas D. Stern	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	     Thomas D. Stern	 	 
	 

	 	 	 	     Managing Director	 	 

[Signature Page to Registration Rights Agreement]

 

 

	 	 	 	 	 	 	 
	 	 	CROSSTEX ENERGY, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ William W. Davis	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	     William W. Davis	 	 
	 

	 	 	 	     Executive Vice President and Chief Financial Officer	 	 

[Signature Page to Registration Rights Agreement]

 

 

	 	 	 	 	 	 	 
	 	 	ENERGY INCOME AND GROWTH FUND	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ James Brown	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	     James Bowen	 	 
	 

	 	 	 	     President	 	 

[Signature Page to Registration Rights Agreement]

 

 

	 	 	 	 	 	 	 
	 	 	FIDUCIARY/CLAYMORE MLP OPPORTUNITY FUND	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ James J. Cunnane, Jr.	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	     James J. Cunnane, Jr.	 	 
	 

	 	 	 	     Managing Director and Senior Portfolio Manager	 	 

[Signature Page to Registration Rights Agreement]

 

 

	 	 	 	 	 	 	 
	 	 	KAYNE ANDERSON MLP
INVESTMENT COMPANY	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ James C. Baker	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	      James C. Baker	 	 
	 

	 	 	 	     Vice President	 	 

[Signature Page to Registration Rights Agreement]

 

 

	 	 	 	 	 	 	 
	 	 	KAYNE ANDERSON ENERGY TOTAL	 	 
	 	 	     RETURN FUND, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ James C. Baker	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	      James C. Baker	 	 
	 

	 	 	 	     Vice President	 	 

[Signature Page to Registration Rights Agreement]

 

 

	 	 	 	 	 	 	 
	 	 	LEHMAN BROTHERS MLP PARTNERS, L.P.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	Lehman Brothers MLP Associates, L.P.,	 	 
	 

	 	 	 	its general partner	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	LB I Group Inc., its general partner	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Michael J. Cannon	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	     Michael J. Cannon	 	 
	 

	 	 	 	     Authorized Signatory	 	 

[Signature Page to Registration Rights Agreement]

 

 

	 	 	 	 	 	 	 
	 	 	LUBAR EQUITY FUND, LLC	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	Lubar & Co., Incorporated	 	 
	 

	 	Its:
	 	Manager	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ David J. Lubar	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	     David J. Lubar	 	 
	 

	 	 	 	     President	 	 

[Signature Page to Registration Rights Agreement]

 

 

	 	 	 	 	 	 	 
	 	 	TORTOISE ENERGY INFRASTRUCTURE CORPORATION	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ David J. Schulte	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	     David J. Schulte	 	 
	 

	 	 	 	     President	 	 

[Signature Page to Registration Rights Agreement]

 

 

Schedule A

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Allocated	 
	Purchaser	 	Purchased Units*	 	 	Purchase Price	 
	Chieftain Capital Management, Inc., as agent
and attorney-in-fact for the Purchasers who
are its clients under separate investment
advisor agreements
	 	 	2,851,030	 	 	$	79,999,901.80	 
	Crosstex Energy, Inc.
	 	 	6,414,830	 	 	 	180,000,129.80	 
	Energy Income and Growth Fund
	 	 	106,910	 	 	 	2,999,894.60	 
	Fiduciary/Claymore MLP Opportunity Fund
	 	 	249,470	 	 	 	7,000,128.20	 
	Kayne Anderson MLP Investment Company
	 	 	356,380	 	 	 	10,000,022.80	 
	Kayne Anderson Energy Total Return Fund, Inc.
	 	 	356,380	 	 	 	10,000,022.80	 
	Lehman Brothers MLP Partners, L.P., as
successor in interest to LB I Group Inc.
	 	 	1,496,790	 	 	 	41,999,927.40	 
	Lubar Equity fund, LLC
	 	 	285,100	 	 	 	7,999,906.00	 
	Tortoise Energy Infrastructure Corporation
	 	 	712,760	 	 	 	20,000,045.60	 
	 
	 	 	 	 	 	 
	Total
	 	 	12,829,650	 	 	$	359,999,979.00	 
	 
	 	 	 	 	 	 

 

			
	* Subject to adjustment pursuant to Section 2.03 of the Purchase Agreement.

Schedule A

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