Document:

Form of Omnibus Agreement

 Exhibit 10.2 

 
 FORM OF 

 
 OMNIBUS AGREEMENT 

 
 among 

 
 INERGY GP, LLC, 

 
 INERGY, L.P., 

 
 NRGM GP, LLC, 

 
 and 

 
 INERGY MIDSTREAM, L.P. 

 OMNIBUS AGREEMENT 

 
 This OMNIBUS AGREEMENT (“Agreement”) is
entered into on, and effective as of, the Closing Date (as defined herein), among Inergy GP, LLC, a Delaware limited liability company (“NRGY GP”), Inergy, L.P., a Delaware limited partnership (“NRGY”), NRGM GP,
LLC, a Delaware limited liability company (the “General Partner”), and Inergy Midstream, L.P., a Delaware limited partnership (the “Partnership”). The above-named entities are sometimes referred to in this Agreement
each as a “Party” and collectively as the “Parties.” 
  
 R E C I T A L S: 
  
 1. The Parties desire by their execution of this Agreement to evidence their agreement, as more fully set forth in Article II, with respect to NRGY’s right to review and first option with
respect to certain business opportunities. 
  
 2. The
Parties desire by their execution of this Agreement to evidence their agreement, as more fully set forth in Article III, with respect to certain indemnification obligations of the Parties. 

 
 3. The Parties desire by their execution of this Agreement to
evidence their agreement, as more fully set forth in Article IV, with respect to the amount to be paid by the Partnership for certain general and administrative services to be performed by NRGY GP and its Affiliates (as defined herein) as well
as direct expenses, including operating expenses, incurred by NRGY GP and its Affiliates for and on behalf of the Partnership Entities (as defined herein) and other services to be provided to the Partnership. 

 
 4. The Parties desire by their execution of this Agreement to
evidence their agreement, as more fully set forth in Article V, with respect to the granting of a license from NRGY to the Partnership Entities. 
  

In consideration of the premises and the covenants, conditions and agreements contained herein, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereby agree as follows: 
  

ARTICLE I 

Definitions 
  

1.1 Definitions 
  

As used in this Agreement, the following terms shall have the respective meanings set forth below: 

 
 “Affiliate” has the meaning given such term
in the Partnership Agreement. 
  

“Agreement” means this Omnibus Agreement, as it may be amended, modified or supplemented from time to time in accordance
with the terms hereof. 
  
 “Cause”
has the meaning given such term in the Partnership Agreement. 

 “Closing Date” means the date of the closing of the Partnership’s
initial public offering of Common Units. 
  

“Common Units” has the meaning given such term in the Partnership Agreement. 

 
 “Conflicts Committee” has the meaning given
such term in the Partnership Agreement. 
  

“Contribution Agreement” means that certain Contribution, Conveyance and Assumption Agreement, dated as of the Closing
Date, among the General Partner, the Partnership, NRGY GP, NRGY and certain of NRGY’s Affiliates, together with the additional conveyance documents and instruments contemplated or referenced thereunder. 

 
 “Covered Environmental Losses” means all
environmental and toxic tort losses, damages, liabilities, injuries, claims, demands, causes of action, judgments, settlements, fines, penalties, costs and expenses (including costs and expenses of any Environmental Activity, court costs and
reasonable attorney’s and experts’ fees) of any and every kind or character, fixed or contingent, by reason of or arising out of: 
  

(i) any violation or correction of violation of Environmental Laws, including performance of any Environmental Activity; or 

 
 (ii) any event, omission or condition associated with
ownership or operation of the Partnership Assets (including the exposure to or presence of Hazardous Substances on, under, about, Releasing or threatening to be Released to or from the Partnership Assets or the exposure to or Release or threatened
Release of Hazardous Substances arising out of operation of the Partnership Assets at non-Partnership Asset locations), including (A) the cost and expense of any Environmental Activities, (B) the cost or expense of the preparation and
implementation of any closure, remedial or 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. 
  
 “Environmental Activity”
shall mean any investigation, study, assessment, evaluation, sampling, testing, monitoring, containment, removal, disposal, closure, corrective action, remediation (regardless of whether active or passive), natural attenuation, restoration,
bioremediation, response, repair, corrective measure, cleanup or abatement that is required or necessary under any applicable Environmental Law, including institutional or engineering controls or participation in a governmental voluntary cleanup
program to conduct voluntary investigatory and remedial actions for the clean-up, removal or remediation of Hazardous Substances that exceed actionable levels established pursuant to Environmental Laws, or participation in a supplemental
environmental project in partial or whole mitigation of a fine or penalty. 
  
 “Environmental Laws” means all federal, state, regional and local laws, statutes, rules, regulations, orders, judgments, settlements, ordinances, codes, injunctions, decrees,
Environmental Permits and other legally enforceable requirements and rules of common law relating to (a) pollution or 

  
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protection of human health and safety, the environment or natural resources, including the federal Comprehensive Environmental Response, Compensation and Liability Act, the Superfund Amendments
and Reauthorization Act, the Resource Conservation and Recovery Act, the Clean Air Act, the Clean Water Act, the Safe Drinking Water Act, the Toxic Substances Control Act, the Oil Pollution Act of 1990, the federal Hazardous Materials Transportation
Act, the Marine Mammal Protection Act, the Endangered Species Act, the National Environmental Policy Act, the federal Occupational Safety and Health Act and other environmental conservation and protection laws, each as amended through the Closing
Date, (b) any Release or threatened Release of, or any exposure of any Person or property to, any Hazardous Substances or (c) the generation, manufacture, processing, distribution, use, treatment, storage, disposal, transport, arrangement
for disposal or transport, or handling of any Hazardous Substances. 
  
 “Environmental Permit” means any permit, approval, identification number, license, registration, certification, filing, notice, consent, exemption, variance or other authorization
required under or issued pursuant to any applicable Environmental Law. 
  
 “General Partner” has the meaning given such term in the introduction to this Agreement. 
  

“Hazardous Substance” means (a) any substance that is designated, defined or classified as a hazardous waste, solid
waste, hazardous material, pollutant, contaminant, toxic or hazardous substance, or terms of similar meaning, or that is otherwise regulated under any Environmental Law, including any hazardous substance as defined under the Comprehensive
Environmental Response, Compensation and Liability Act, as amended, (b) oil as defined in the Oil Pollution Act of 1990, as amended, including oil, gasoline, natural gas, fuel oil, motor oil, waste oil, diesel fuel, jet fuel and other refined
petroleum hydrocarbons and petroleum products, or any components, fractions or derivatives thereof, and (c) radioactive materials, asbestos containing materials, polychlorinated biphenyls or radon. 

 
 “Indemnified Party”
means each Partnership Group Member or each NRGY Entity, as the case may be, in their capacities as parties entitled to indemnification in accordance with Article III.  

 
 “Indemnifying Party” means each of the
Partnership or NRGY, as the case may be, in their capacity as the parties from whom indemnification may be required in accordance with Article III. 
  

“Losses” means all losses, damages, liabilities, claims, demands, causes of action, judgments, settlements, fines,
penalties, costs and expenses (including court costs and reasonable attorney’s and experts’ fees) of any and every kind or character, fixed or contingent. 

 
 “Membership Interest Purchase Agreement”
means that certain Membership Interest Purchase Agreement, dated as of the Closing Date, by and among NRGY and Inergy Holdings GP, LLC, a Delaware limited liability company. 

  
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 “NGL” means natural gas liquids. 

 
 “NRGM Change of Control” has the meaning
given such term in the Membership Interest Purchase Agreement. 
  
 “NRGY” has the meaning given such term in the introduction to this Agreement. 
  

“NRGY Change of Control” has the meaning given such term in the Membership Interest Purchase Agreement. 

 
 “NRGY Entities” means NRGY, NRGY GP and any
Person controlled, directly or indirectly, by NRGY GP other than the General Partner or a member of the Partnership Group; and “NRGY Entity” means any of the NRGY Entities. 
  
 “NRGY GP” has the meaning given such term in the introduction to this Agreement. 

 
 “Partnership” has the meaning given such
term in the introduction to this Agreement. 
  

“Partnership Agreement” means the First Amended and Restated Agreement of Limited Partnership of Inergy Midstream, L.P.,
dated as of the Closing Date, as such agreement is in effect on the Closing Date immediately following the completion of the initial public offering of the Common Units. 

 
 “Partnership Assets” means the natural gas
and NGL storage and transportation assets and associated infrastructure and equity interests owned directly or indirectly by the Partnership upon completion of the initial public offering described in the Registration Statement. 

 
 “Partnership Entities” means the General
Partner and each Partnership Group Member. 
  

“Partnership Group” means the Partnership and its Subsidiaries. 
  
 “Partnership Group Member” means any member of the Partnership Group. 

 
 “Partnership Indemnitee” means any Person
who is an Indemnitee as defined in the Partnership Agreement; provided, however, that for purposes of this definition, the term “Indemnitee” shall exclude NRGY GP and any Affiliate of NRGY GP that is not a Partnership
Group Member. 
  
 “Party” and
“Parties” are defined in the introduction to this Agreement. 
  
 “Person” means an individual or a corporation, limited liability company, partnership, joint venture, trust, business trust, employee benefit plan, unincorporated organization,
association, government body or agency or political subdivision thereof or other entity. 
  
 “Registration Statement” means the Registration Statement on Form S-1 (File No. 333-176445), as amended, filed with the Securities and Exchange Commission with respect to the
proposed initial public offering of Common Units by the Partnership. 

  
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 “Release” means any depositing, spilling, leaking, pumping, pouring,
placing, emitting, discarding, abandoning, emptying, discharging, migrating, injecting, escaping, leaching, dumping or disposing into the environment. 
  

“Retained NRGY Assets” means the assets and equity interests of Tres Palacios Gas Storage LLC and US Salt, LLC conveyed
or otherwise transferred, through the transfer of equity interests, or intended to be conveyed or otherwise transferred, to NRGY or any of its Affiliates (other than the Partnership Entities) pursuant to the Contribution Agreement or the instruments
or other documents referred to in the Contribution Agreement. 
  
 “Subsidiary” has the meaning given such term in the Partnership Agreement. 
  

“Tres Palacios Purchase Agreement” means that certain Purchase and Sale Agreement, dated September 3, 2010, by and
between TP Gas Holding LLC, a Delaware limited liability company, and Inergy Midstream, LLC, a Delaware limited liability company and the predecessor to the Partnership. 

 
 ARTICLE II 

Right to Review and First Option to Purchase 

 
 Until the earliest of (a) an NRGM Change of Control,
(b) an NRGY Change of Control, or (c) the termination of this Agreement pursuant to Section 6.4, the Partnership hereby agrees, and will cause its controlled Affiliates to agree, that in the event that an opportunity to develop,
acquire or invest in an asset or business is presented to NRGY, the Partnership or any of their respective controlled Affiliates, NRGY shall have the first opportunity to acquire, develop or invest in such asset or business before the Partnership or
its controlled Affiliates may acquire, develop or invest in such asset or business. 
  
 ARTICLE III 
 Indemnification 

 
 3.1 Environmental Indemnification. 

 
 (a) Subject to the provisions of Section 3.3, NRGY
shall indemnify, defend and hold harmless the Partnership Group and the Partnership Indemnitees from and against any Covered Environmental Losses suffered or incurred by the Partnership Group or any Partnership Indemnitee relating to: 

 
 (i) the Partnership Assets, but only to the
extent the violations, events, omissions or conditions giving rise to such Covered Environmental Losses occurred or existed on or before the Closing Date, even if such liability does not accrue until after the Closing Date; and 

 
 (ii) the Retained NRGY Assets. 

  
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 (b) Subject to the provisions of Section 3.3, the Partnership shall indemnify, defend
and hold harmless the NRGY Entities from and against any Covered Environmental Losses suffered or incurred by the NRGY Entities relating to the Partnership Assets, but only to the extent the violations, events, omissions or conditions giving rise to
such Covered Environmental Losses occurred after the Closing Date. 
  
 (c) The aggregate liability of NRGY under Section 3.1(a) (i) shall not exceed $15 million and such indemnification obligation shall survive for three (3) years from the Closing Date;
provided, however, that any such indemnification obligation with respect to any Covered Environmental Losses shall survive the time at which it would otherwise expire pursuant to this Section 3.1(c) if notice of any such Covered Environmental
Losses is properly given to NRGY prior to such time. The aggregate liability of the Partnership under Section 3.1(b) shall not exceed $15 million. 
  

(d) No claims may be made for indemnification pursuant to Section 3.1 unless and until, and no Party shall be liable to provide
indemnification pursuant to this Section 3.1 unless and until, the aggregate dollar amount of the Losses suffered or incurred by the Indemnified Party exceeds $100,000 and then only for Losses in excess of $100,000, subject to the limitations
of Section 3.1(c). 
  
 (e) Notwithstanding
anything herein to the contrary, in no event shall NRGY or the Partnership have any indemnification obligations under this Agreement for claims made as a result of additions to or modifications of Environmental Laws promulgated after the Closing
Date. 
  
 3.2 Additional
Indemnification. 
  
 (a) Subject to the
provisions of Section 3.3, NRGY shall indemnify, defend and hold harmless the Partnership Group and the Partnership Indemnitees from and against any Losses suffered or incurred by the Partnership Group or any Partnership Indemnitee resulting
from or arising out of: 
  
 (i) the failure of the
Partnership Group to be the owner of valid and indefeasible easement rights, rights-of-way, leasehold and/or fee ownership interests in and to the lands on which are located any Partnership Assets or which are necessary to use or operate the
Partnership Assets, in each case to the extent that such failure renders the Partnership Group liable or unable to use or operate the Partnership Assets in substantially the same manner that the Partnership Assets were used and operated immediately
prior to the Closing Date as generally described in the Registration Statement; 
  
 (ii) the failure of the Partnership Group to have on the Closing Date any consent, license or permit necessary to allow any such Partnership Assets to cross the roads, waterways, railroads and other areas
upon which any such Partnership Assets are located as of the Closing Date, in each case to the extent any such failure renders the Partnership Group unable to use or operate the Partnership Assets in substantially the same manner that the
Partnership Assets were owned and operated immediately prior to the Closing Date; 

  
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 (iii) the cost of curing any failure or condition set forth in clause (i) or clause
(ii) of this Section 3.2(a) that does not allow any Partnership Asset to be operated in substantially the same manner that the Partnership Assets were owned and operated immediately prior to the Closing Date; 

 
 (iv) all federal, state and local income tax liabilities
attributable to the ownership or operation of the Partnership Assets prior to the Closing Date, including (A) any such income tax liabilities of the Partnership Group that may result from the consummation of the formation transactions for the
Partnership Group occurring on or prior to the Closing Date and (B) any income tax liabilities arising under Treasury Regulation Section 1.1502-6 and any similar provision from applicable state, local or foreign law, by contract, as
successor, transferee or otherwise and which income tax is attributable to having been a member of any consolidated combined or unitary group prior to the Closing Date; 

 
 (v) (A) the assets or operations of the NRGY Entities and
(B) the Partnership Assets and the operations of any Partnership Group Member prior to the Closing Date, except to the extent that NRGY is indemnified with respect to the Losses described under Section 3.1(b); and 

 
 (vi) the Tres Palacios Purchase Agreement; 

 
 provided, however, that, in the case of clauses (i), (ii) and
(iii) above, such indemnification obligation shall survive for three (3) years from the Closing Date, in the case of clause (iv) above, such indemnification obligation shall survive until the first day after any applicable statute of limitations and
in the case of clause (v) above, such indemnification obligation shall survive indefinitely; provided, further, that any such indemnification obligation pursuant to clauses (i), (ii), (iii) or (iv) above shall survive the time at which it
would otherwise expire pursuant to this Section 3.2(a) if notice is properly given to NRGY prior to such time. 
  

(b) Subject to the provisions of Section 3.3, in addition to and not in limitation of the indemnification provided under this Article III,
the Partnership shall indemnify, defend and hold harmless the NRGY Entities from and against any Losses suffered or incurred by the NRGY Entities by reason of or arising out of events and conditions associated with the operation of the Partnership
Assets that occur on or after the Closing Date (other than Covered Environmental Losses, which are covered by Section 3.1). 

  
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 (c) Notwithstanding anything herein to the contrary, in no event will the Indemnifying Party
be obligated to indemnify the Indemnified Party for any claims, losses or expenses or income taxes referred to in Section 3.1(a) and Section 3.2 (a)(i)-(iv), if, and to the extent that such claims, losses or expenses or income taxes were
either (i) reserved for in the Indemnified Party’s financial statements as of the Closing Date, or (ii) are recovered under available insurance coverage, from contractual rights or other recoveries against any third party. 

 
 3.3 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 pursuant to this Article III, it will provide notice thereof in writing to the Indemnifying Party specifying the nature of and specific basis for such
claim; provided, however, that the Indemnified Party shall not submit claims more frequently than once a calendar quarter (or twice in the case of the last calendar quarter prior to the expiration of the applicable indemnity coverage
under this Agreement). Notwithstanding the foregoing, the Indemnified Party’s failure to provide notice under this Section 3.3 will not relieve the Indemnifying Party from liability hereunder with respect to such matter except in the event
and only to the extent that the Indemnifying Party is materially prejudiced by such failure or delay or the Indemnifying Party does not receive notice of the claim prior to the applicable deadline for making such claim. 

 
 (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 set forth in this Article III, including the selection of counsel (provided that if
such claim involves Covered Environmental Losses, such counsel shall be reasonably acceptable to the Indemnified Party), determination of whether to appeal any decision of any court or similar authority, performance of any Environmental Activity
associated with any Covered Environmental Losses and the settling of any matter or any issues relating thereto; provided, however, that no such settlement shall be entered into without the consent (which consent shall not be
unreasonably withheld, conditioned or delayed) of the Indemnified Party unless it includes a full release of the Indemnified Party from such matter or issues, as the case may be. 

  
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 (c) The Indemnified Party agrees to cooperate fully with the Indemnifying Party with respect
to all aspects of the defense of any claims covered by the indemnification set forth in this Article III, including the prompt furnishing to the Indemnifying Party of any correspondence or other notice relating thereto that the Indemnified
Party may receive, permitting the names of the Indemnified Party to be utilized in connection with such defense, 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 and the making available to the Indemnifying Party of any employees of the Indemnified Party; provided, however, 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 3.3. 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 any claims covered by the indemnification set forth in this Article III; provided, however, that the Indemnified Party may, at its own option, cost and expense, hire and pay for counsel in connection
with any such defense. The Indemnifying Party agrees to keep any such counsel hired by the Indemnified Party reasonably informed as to the status of any such defense, but the Indemnifying Party shall have the right to retain sole control over such
defense. 
  
 (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, (ii) all amounts recovered by the Indemnified Party under contractual indemnities
from third Persons and (iii) any correlative tax benefit. 
  
 (e) NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, IN NO EVENT SHALL ANY PARTY’S INDEMNIFICATION OBLIGATION HEREUNDER COVER OR INCLUDE CONSEQUENTIAL, INDIRECT, INCIDENTAL, PUNITIVE, EXEMPLARY,
SPECIAL OR SIMILAR DAMAGES OR LOST PROFITS SUFFERED BY ANY OTHER PARTY ENTITLED TO INDEMNIFICATION UNDER THIS AGREEMENT. 
  

ARTICLE IV 

Provision of Services; Reimbursement 
  

4.1 Agreement to Provide Services. Until such time as this Agreement is terminated as provided in Section 6.4, NRGY GP
and NRGY hereby agree to provide the Partnership Group with such general and administrative services and management and operating services as may be necessary to manage and operate the business and affairs of the Partnership Group, including
accounting, audit, business development, corporate record keeping, treasury services (including cash management), real property/land, legal, operations/engineering, geology/geophysics, 

  
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investor relations, risk management, commercial/marketing, information technology, insurance, government relations/compliance, tax, payroll, human resources and environmental, health and safety
(collectively, “Services”). The Services shall be consistent in nature and quality to the services of such type previously provided by NRGY GP and NRGY in connection with the management and operation of the Partnership Assets prior
to the Closing Date. 
  
 4.2 Reimbursement by
Partnership. Subject to and in accordance with the terms and provisions of this Article IV and such reasonable allocation and other procedures as may be agreed upon by NRGY GP and the General Partner from time to time, the Partnership
hereby agrees to reimburse NRGY GP for all reasonable direct and indirect costs and expenses incurred by NRGY GP or its Affiliates (other than the Partnership Group) in connection with the provision of the Services to the Partnership Group,
including the following: 
  
 (a) any payments or
expenses incurred for insurance coverage and negotiated instruments (including surety bonds and performance bonds) provided by underwriters with respect to the Partnership Assets or the business of the Partnership Group; 

 
 (b) any costs incurred in connection with the provision of
information technology services; 
  
 (c) salaries and
related benefits and expenses of personnel employed by NRGY GP or its Affiliates (other than the Partnership Group) who render Services to the Partnership Group, plus general and administrative expenses associated with such personnel; it being
agreed, however, that such allocation shall not include any costs or expenses attributable to NRGY equity compensation awards; 
  

(d) any taxes or other direct expenses paid by NRGY GP or its Affiliates for the benefit of the Partnership Group; and 

 
 (e) all expenses and expenditures incurred by NRGY GP or its
Affiliates as a result of the Partnership becoming and continuing as a publicly traded entity, including costs associated with annual and quarterly reports, tax return and Schedule K-1 preparation and distribution, independent auditor fees,
partnership governance and compliance, registrar and transfer agent fees, legal fees and independent director compensation; 
  

it being agreed, however, that to the extent any reimbursable costs or expenses incurred by NRGY GP or its Affiliates consist of an allocated portion of
costs and expenses incurred by NRGY GP or its Affiliates for the benefit of both the Partnership Group and the other Affiliates of NRGY, such allocation shall be made on a reasonable cost reimbursement basis as determined by NRGY GP. 

 
 ARTICLE V 

License of Name and Mark 
  

5.1 Grant of License. Upon the terms and conditions set forth in this Article V, NRGY hereby grants and conveys to each
of the entities currently or hereafter comprising a part of the Partnership Group a nontransferable, nonexclusive, royalty free right and license (“License”) to use the name “Inergy” (the “Name”) and any
associated or related marks (the “Mark”). 

  
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 5.2 Ownership and Quality. The Partnership agrees that ownership of the Name
and the Mark and the goodwill relating thereto shall remain vested in NRGY both during the term of this License and thereafter, and the Partnership further agrees, and agrees to cause the other members of the Partnership Group, never to challenge,
contest or question the validity of NRGY’s ownership of the Name and Mark or any registration thereto by NRGY. In connection with the use of the Name and the Mark, the Partnership and any other member of the Partnership Group shall not in any
manner represent that they have any ownership in the Name and the Mark or registration thereof except as set forth herein, and the Partnership, on behalf of itself and the other members of the Partnership Group, acknowledges that the use of the Name
and the Mark shall not create any right, title or interest in or to the Name and the Mark, and all use of the Name and the Mark by the Partnership or any other member of the Partnership Group, shall inure to the benefit of NRGY. The Partnership
agrees, and agrees to cause the other members of the Partnership Group, to use the Name and Mark in accordance with such quality standards established by NRGY and communicated to the Partnership from time to time, it being understood that the
products and services offered by the members of the Partnership Group immediately before the Closing Date are of a quality that is acceptable to NRGY and justifies the License. 

 
 5.3 Termination. The License shall terminate
upon a termination of this Agreement pursuant to Section 6.4. 
  
 ARTICLE VI 
 Miscellaneous 

 
 6.1 Choice of Law; Submission to Jurisdiction.
This Agreement shall be subject to and governed by the laws of the State of Delaware, excluding any conflicts-of-law rule or principle that might refer the construction or interpretation of this Agreement to the laws of another state. Each Party
hereby submits to the jurisdiction of the state and federal courts in the State of Delaware and to venue in Delaware. 
  

6.2 Notice. All notices or requests or consents provided for by, or permitted to be given pursuant to, this Agreement must
be in writing and must be given by depositing same in the United States mail, addressed to the Person to be notified, postpaid, and registered or certified with return receipt requested or by delivering such notice in person or by telecopier or
telegram to such Party. Notice given by personal delivery or mail shall be effective upon actual receipt. Notice given by telegram or telecopier shall be effective upon actual receipt if received during the recipient’s normal business hours or
at the beginning of the recipient’s next business day after receipt if not received during the recipient’s normal business hours. All notices to be sent to a Party pursuant to this Agreement shall be sent to or made at the address set
forth below or at such other address as such Party may stipulate to the other Parties in the manner provided in this Section 6.2. 

  
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 For notice to NRGY GP and NRGY: 
  
 Inergy GP, LLC 
 Two Brush Creek Boulevard, Suite 200 
 Kansas City, Missouri 64112 

Attention: General Counsel 
 Fax: (816) 842-8181 
  
 For notice to the Partnership Entities: 
  
 NRGM GP, LLC 
 Two Brush Creek Boulevard, Suite 200 

Kansas City, Missouri 64112 
 Attention: General Counsel 
 Fax: (816) 842-8181 

 
 6.3 Entire Agreement. This Agreement
constitutes the entire agreement of the Parties relating to the matters contained herein, superseding all prior contracts or agreements, whether oral or written, relating to the matters contained herein. In the event of a conflict between the
provisions of this Agreement and the provisions of the Partnership Agreement, the provisions of the Partnership Agreement shall control. 
  

6.4 Termination. 
  

(a) Termination by NRGY. Notwithstanding any other provision of this Agreement, if (i) the General Partner is
removed as general partner of the Partnership under circumstances where Cause does not exist and the Common Units held by the General Partner, NRGY and their Affiliates are not voted in favor of such removal, (ii) an NRGY Change of Control
occurs or (iii) an NRGM Change of Control occurs, then this Agreement, other than the provisions set forth in Article III hereof, may be terminated by NRGY with 180 days’ prior written notice. 

 
 (b) Termination by the Partnership.
Notwithstanding any other provision of this Agreement, if (i) an NRGY Change of Control occurs, (ii) an NRGM Change of Control occurs or (iii) Inergy Holdings GP, LLC acquires MGP GP, LLC pursuant to the Membership Interest Purchase Agreement, then
this Agreement, other than the provisions set forth in Article III hereof, may be terminated by the Partnership with 180 days’ prior written notice. 
  

(c) Survival of Obligations under Article III. For the avoidance of doubt, the Parties’ indemnification
obligations under Article III shall survive the termination of this Agreement in accordance with their respective terms. 
  

6.5 Effect of Waiver or Consent. No waiver or consent, express or implied, by any Party to or of any breach or default by
any Person in the performance by such Person of its obligations hereunder shall be deemed or construed to be a consent or waiver to or of any other breach or default in the performance by such Person of the same or any other obligations of such
Person hereunder. Failure on the part of a Party to complain of any act of any Person or to declare any Person in default, irrespective of how long such failure continues, shall not constitute a waiver by such Party of its rights hereunder until the
applicable statute of limitations period has run. 

  
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 6.6 Amendment or Modification. This Agreement may be amended or modified from
time to time only by the written agreement of all the Parties; provided, however, that the Partnership may not, without the prior approval of the Conflicts Committee, agree to any amendment or modification of this Agreement that, in
the reasonable discretion of the General Partner, would be adverse in any material respect to the holders of Common Units. Each such instrument shall be reduced to writing and shall be designated on its face an “Amendment” or an
“Addendum” to this Agreement. 
  
 6.7
Assignment; Third-Party Beneficiaries. No Party shall have the right to assign any of its rights or obligations under this Agreement without the consent of the other Parties hereto. Each of the Parties hereto specifically agrees that
each Partnership Group Member, whether or not a Party to this Agreement, shall be entitled to assert rights and remedies hereunder as third-party beneficiaries hereto with respect to those provisions of this Agreement affording a right, benefit or
privilege to any such entity. Except as contemplated by the preceding sentence, this Agreement does not create any rights or benefits for any entity or individual other than the Parties. 
  
 6.8 Successors. This Agreement shall bind and inure to the benefit of the Parties and to their
respective successors and assigns. 
  
 6.9
Continuation of Work During Dispute. Notwithstanding any dispute, it shall be the responsibility of each Party to continue to perform its obligations under this Agreement pending resolution of the dispute. 

 
 6.10 Counterparts. This Agreement may be
executed in any number of counterparts, including facsimile 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.

  
 6.11 Severability. If any provision
of this Agreement or the application thereof to any Person or circumstance shall be held invalid or unenforceable by a court or regulatory body of competent jurisdiction, the remainder of this Agreement and the application of such provision to other
Persons or circumstances shall not be affected thereby and shall be enforced to the greatest extent permitted by law. 
  

6.12 Rules of Construction. Whenever the context requires, the gender of all words used in this Agreement shall include the
masculine, feminine and neuter, and the number of all words shall include the singular and plural. All references to Article numbers and Section numbers refer to Articles and Sections of this Agreement. Unless otherwise specifically indicated or the
context otherwise requires, the terms “include,” “includes” and “including” as used in this Agreement shall be deemed to be followed by the words “without limitation.” 

  
 13 

 6.13 Further Assurances. In connection with this Agreement and all
transactions contemplated by this Agreement, each Party agrees to execute and deliver such additional documents and instruments and to perform such additional acts as may be necessary or appropriate to effectuate, carry out and perform all of the
terms, provisions and conditions of this Agreement and all such transactions. 
  
 6.14 Withholding or Granting of Consent. Unless otherwise provided herein, each Party may, with respect to any consent or approval that it is entitled to grant pursuant to this Agreement,
grant or withhold such consent or approval in its sole and uncontrolled discretion, with or without cause, and subject to such conditions as it shall deem appropriate. 

 
 6.15 Laws and Regulations. Notwithstanding any
provision of this Agreement to the contrary, no Party shall take any act, or fail to take any act, under this Agreement which would violate any applicable law, statute, rule or regulation. 
  
 6.16 Negation of Rights of Limited Partners, Assignees and Third Parties. Except as set forth in
Section 6.7, the provisions of this Agreement are enforceable solely by the Parties, and no stockholder, limited partner, member or assignee of NRGY GP, the Partnership or other Person shall have the right, separate and apart from NRGY GP or
the Partnership, to enforce any provision of this Agreement or to compel any Party to comply with the terms of this Agreement. 
  

6.17 No Recourse Against Officers or Directors. For the avoidance of doubt, the provisions of this Agreement shall not give
rise to any right of recourse against any officer or director of NRGY GP, NRGY, the General Partner, the Partnership or any Partnership Group Member. 
  

6.18 Legal Compliance. The Parties acknowledge and agree that this Agreement, and all services provided under this
Agreement, are intended to comply with any and all laws and legal obligations and that this Agreement should be construed and interpreted with this purpose in mind. 

 
 [Signature Page Follows] 

  
 14 

 IN WITNESS WHEREOF, the Parties have executed this Agreement on, and effective as of, the
Closing Date. 
  

			
	INERGY GP, LLC
		
	 By:
	 	  

	 Name:

Title:
	 	 John J. Sherman

President and Chief Executive Officer

  

			
	INERGY, L.P.
		
	 By:
	 	Inergy GP, LLC, its general partner

  

			
		
	 By:
	 	  

	 Name:

Title:
	 	 John J. Sherman

President and Chief Executive Officer

  

			
	NRGM GP, LLC
		
	 By:
	 	  

	 Name:

Title:
	 	 R. Brooks Sherman, Jr.

Executive Vice President and

Chief Financial Officer

  

			
	INERGY MIDSTREAM, L.P.
		
	 By:
	 	NRGM GP, LLC, its general partner

  

			
		
	 By:
	 	  

	 Name:

Title:
	 	 R. Brooks Sherman, Jr.

Executive Vice President and

Chief Financial Officer

  
 Signature Page to the
Omnibus AgreementForm of Membership Interest Purchase Agreement

 Exhibit 10.8 

 
 FORM OF 

 
 MEMBERSHIP INTEREST PURCHASE AGREEMENT 

 
 This Membership Interest Purchase Agreement (this
“Agreement”) is made and entered into as of                     , 2011, by and among Inergy, L.P., a Delaware limited partnership
(“NRGY”) and Inergy Holdings GP, LLC , a Delaware limited liability company (“Holdings GP”). 
  

RECITALS: 
  

WHEREAS, NRGY owns 100% of the membership interests (the “MGP GP Interests”) in MGP GP, LLC, a Delaware limited
liability company (“MGP GP”); 
  

WHEREAS, MGP GP owns the non-economic general partner interest in Inergy Midstream Holdings, L.P., a Delaware limited partnership
(“MGP”) and NRGY owns 100% of the limited partner interests in MGP; 
  
 WHEREAS, MGP owns 100% of the membership interests in NRGM GP, LLC, a Delaware limited liability company (“NRGM GP”); 
  
 WHEREAS, NRGM GP owns the non-economic general partner interest in Inergy Midstream, L.P., a Delaware
limited partnership (“NRGM”); 
  

WHEREAS, NRGY recognizes that the possibility of a change in control of NRGM could cause uncertainty and adversely impact the value
of the common units of NRGM, to the detriment of NRGY and the other unitholders of NRGM; and 
  
 WHEREAS, the independent members of the board of directors of NRGY have determined it is in the best interests of NRGY and its unitholders to provide for the purchase by Holdings GP of MGP GP under
the circumstances described herein. 
  
 NOW,
THEREFORE, in consideration of the mutual covenants and agreements contained in this Agreement and other good and valuable consideration, the parties hereto agree as follows: 

 
 Section 1. Definitions. Capitalized terms used in this
Agreement but not defined in the body of this Agreement shall have the respective meanings set forth below: 
  

“1940 Act” means the Investment Company Act of 1940. 

 
 “Affiliate” means, with respect to any
Person, any other Person that directly or indirectly through one or more intermediaries controls, is controlled by or is under common control with, the Person in question. As used herein, the term “control” means the possession, direct or
indirect, 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. 

 “less than 25% NRGM Owner” means any person who directly or indirectly owns
interests in NRGM that would be entitled to less than 25% of the aggregate amount of distributions to be paid by NRGM on its next succeeding quarterly distribution date, assuming the aggregate amount of distributions paid on such date were equal to
the average of the amounts paid in the immediately preceding two quarterly distributions. 
  
 “less than 50% NRGM Owner” means any person who directly or indirectly owns interests in NRGM that would be entitled to less than 50% of the aggregate amount of distributions to be paid
by NRGM on its next succeeding quarterly distribution date, assuming the aggregate amount of distributions paid on such date were equal to the average of the amounts paid in the immediately preceding two quarterly distributions. 

 
 “NRGM Change of Control” means the
occurrence of any of the following: 
  
 (i) any merger, reorganization, consolidation or other transaction pursuant to which more than 50% of the combined voting power of the equity interests in NRGM GP ceases to be controlled by Holdings GP;
or 
  
 (ii) any sale, lease,
exchange or other transfer (in one or a series of related transactions) of all or substantially all of the assets of NRGM GP or NRGM to any Person, other than NRGM GP, NRGM or any of their Affiliates. 

 
 “NRGY Change of Control” means the
occurrence of any of the following: 
  
 (i) any merger, reorganization, consolidation or other transaction pursuant to which more than 50% of the combined voting power of the equity interests in Inergy GP, LLC (“NRGY GP”) ceases to be
controlled by Holdings GP; or 
  

(ii) any sale, lease, exchange or other transfer (in one or a series of related transactions) of all or substantially all
of the assets of NRGY GP or NRGY to any Person, other than NRGY GP, NRGY or any of their Affiliates. 
  

“Person” means an individual or a corporation, firm, limited liability company, partnership, joint venture, trust,
unincorporated organization, association, government agency or political subdivision thereof or other entity. 
  

Section 2. Purchase of the MGP GP Interests. (a) On the Closing Date (as defined below), and subject to the terms and
conditions and in reliance on the representations and warranties set forth in this Agreement, upon the occurrence of an NRGY Change of Control at a time when NRGY is a less than 50% NRGM Owner, NRGY will sell, transfer and deliver to Holdings GP,
and Holdings GP will purchase from NRGY, the MGP GP Interests for $1.00 (the “Purchase Price”). 
  

(b) If (i) NRGY effects a pro rata distribution to the NRGY common unitholders of all or a portion of the equity interests in NRGM
that NRGY directly or indirectly beneficially owns or (ii) NRGY’s ownership interest in NRGM is otherwise diluted, in either case so that NRGY becomes a less than 25% NRGM Owner, then NRGY will sell, transfer and deliver to Holdings GP,
and Holdings GP will purchase from NRGY, the MGP GP Interests for the Purchase Price. 

  
 2 

 Section 3. Time and Place of Closing. The closing of the transactions contemplated by
this Agreement (the “Closing”) will take place at the offices of Vinson & Elkins L.L.P., 1001 Fannin Street, Suite 2500, Houston, Texas 77002 on the second business day after all of the conditions set forth in
Section 7 (other than those conditions which by their terms are only capable of being satisfied at the Closing, but subject to the satisfaction or due waiver of those conditions) have been satisfied or waived by the party entitled to waive such
conditions, unless another time, date and place are agreed to in writing by the parties. The date of the Closing is referred to in this Agreement as the “Closing Date.” 
  
 Section 4. Deliveries and Actions at Closing. 
  
 (a) At the Closing, NRGY shall deliver, or shall cause to be delivered, to Holdings GP a counterpart of an
assignment (the “Assignment of Interests”), evidencing the assignment, transfer and delivery to Holdings GP of the MGP GP Interests, duly executed by NRGY. 

 
 (b) At the Closing, Holdings GP shall deliver, or shall
cause to be delivered, to NRGY (i) a counterpart of the Assignment of Interests duly executed by Holdings GP; and (ii) the Purchase Price. 
  

Section 5. Representations and Warranties of NRGY. NRGY hereby represents and warrants to, and agrees with Holdings GP, that:

  
 (a) Existence and Power. NRGY is a
limited partnership duly organized, validly existing and in good standing under the laws of the State of Delaware and has all requisite limited partnership power and authority to execute and deliver this Agreement, consummate the transactions and
perform each of its obligations contemplated hereby. 
  
 (b) Authority; Approvals. 
  
 (i) The execution and delivery of this Agreement by NRGY, the consummation by NRGY of each of the transactions and the performance by NRGY of each of its obligations contemplated hereby have been duly and
properly authorized by all necessary partnership action on the part of NRGY. This Agreement has been duly executed and delivered by NRGY and, assuming the accuracy of the representations and warranties of Holdings GP in Section 6 hereof,
constitutes the valid and legally binding obligation of NRGY, enforceable against it in accordance with its terms, subject, (A) as to enforceability, to bankruptcy, insolvency, reorganization, moratorium and other similar laws of general
applicability relating to or affecting creditors’ rights and to general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law) and (B) to equitable principles of general
applicability relating to the availability of specific performance, injunctive relief, or other equitable remedies. 

  
 3 

 (ii) The execution and delivery of this Agreement by NRGY and the
consummation of each of the transactions and the performance of each of the obligations contemplated hereby (A) do not violate or breach (whether with or without notice or a lapse of time or both), require the consent of any Person to or
otherwise result in a material detriment to NRGY under, (x) its organizational documents or (y) any agreement to which it is a party or by which its assets or property is bound or any law or order applicable to it, in the case of clause
(y), which violations, breaches or material detriments could reasonably be expected to prevent the consummation of any of the transactions contemplated hereby or have a material adverse effect on the business, properties or condition (financial or
otherwise) of NRGY; and (B) do not impose any penalty or other onerous condition on NRGY that could reasonably be expected to prevent the consummation of any of the transactions contemplated hereby. 

 
 (iii) No approval from any Governmental
Entity is required with respect to NRGY in connection with the execution and delivery by NRGY of this Agreement, the performance by NRGY of its obligations hereunder or the consummation by NRGY of the transactions contemplated hereby, except for any
such approval the failure of which to be made or obtained (A) has not impaired and could not reasonably be expected to impair the ability of NRGY to perform its obligations under this Agreement in any material respect and (B) could not
reasonably be expected to delay, in any material respect, or prevent the consummation of any of the transactions contemplated by this Agreement. As used in this Agreement, the term “Governmental Entity” means any agency, bureau,
commission, authority, department, official, political subdivision, tribunal or other instrumentality of any government, whether (i) regulatory, administrative or otherwise; (ii) federal, state or local; or (iii) domestic or foreign.

  
 (c) Ownership of MGP GP Interests. Upon
the consummation of the transactions contemplated by this Agreement, NRGY will assign, convey, transfer and deliver to Holdings GP good and valid title to the MGP GP Interests free and clear of all liens other than (i) any transfer restrictions
imposed by federal and state securities laws and (ii) any transfer restrictions contained in the organizational documents of MGP GP. 
  

Section 6. Representations and Warranties of Holdings GP. Holdings GP hereby represents and warrants to, and agrees with NRGY,
that: 
  
 (a) Existence and Power. Holdings GP
is a limited liability company duly organized, validly existing and in good standing under the laws of the State of Delaware and has all requisite limited liability company power and authority to execute and deliver this Agreement, consummate the
transactions and perform each of its obligations contemplated hereby. 
  
 (b) Authority; Approvals. 
  

(i) The execution and delivery of this Agreement by Holdings GP, the consummation by Holdings GP of each of the
transactions and the performance by Holdings GP of each of its obligations contemplated hereby have been duly and properly 

  
 4 

 
authorized by all necessary limited liability company action on the part of Holdings GP. This Agreement has been duly executed and delivered by Holdings GP and, assuming the accuracy of the
representations and warranties of NRGY in Section 5 hereof, constitutes the valid and legally binding obligation of Holdings GP, enforceable against it in accordance with its terms, subject, (A) as to enforceability, to bankruptcy,
insolvency, reorganization, moratorium and other similar laws of general applicability relating to or affecting creditors’ rights and to general principles of equity (regardless of whether such enforceability is considered in a proceeding in
equity or at law) and (B) to equitable principles of general applicability relating to the availability of specific performance, injunctive relief, or other equitable remedies. 
  
 (ii) The execution and delivery of this Agreement by Holdings GP and the consummation of each
of the transactions and the performance of each of the obligations contemplated hereby (A) do not violate or breach (whether with or without notice or a lapse of time or both), require the consent of any Person to or otherwise result in a
material detriment to Holdings GP under, (x) its organizational documents or (y) any agreement to which it is a party or by which its assets or property is bound or any law or order applicable to it, in the case of clause (y), which
violations, breaches or material detriments could reasonably be expected to prevent the consummation of any of the transactions contemplated hereby or have a material adverse effect on the business, properties or condition (financial or otherwise)
of Holdings GP; and (B) do not impose any penalty or other onerous condition on Holdings GP that could reasonably be expected to prevent the consummation of any of the transactions contemplated hereby. 

 
 (iii) No approval from any Governmental
Entity is required with respect to Holdings GP in connection with the execution and delivery by Holdings GP of this Agreement, the performance by Holdings GP of its obligations hereunder or the consummation by Holdings GP of the transactions
contemplated hereby, except for any such approval the failure of which to be made or obtained (A) has not impaired and could not reasonably be expected to impair the ability of Holdings GP to perform its obligations under this Agreement in any
material respect and (B) could not reasonably be expected to delay, in any material respect, or prevent the consummation of any of the transactions contemplated by this Agreement. 
  
 Section 7. Conditions to Closing. 

 
 (a) Conditions to Obligations of NRGY. The obligation
of NRGY to sell the MGP GP Interests on the Closing Date is subject to the satisfaction of the following conditions: 
  

(i) Holdings GP shall have performed in all material respects all of its obligations under this Agreement required to be
performed by it on or prior to the Closing Date; 
  
 (ii) No action, claim, suit, hearing, complaint, demand, injunction, litigation, judgment, arbitration, order, decree, ruling or governmental investigation or proceeding is then pending or threatened by
any court or Governmental Entity, and no 

  
 5 

 
such court or Governmental Entity shall have issued any injunction, judgment or order, which shall remain in effect, that would prevent consummation of the transactions contemplated hereby;
provided, however, that the parties hereto shall use their reasonable best efforts to have any such injunction, judgment or order vacated or reversed; 
  

(iii) The representations and warranties of Holdings GP contained in this Agreement and in any certificate or other
writing delivered by Holdings GP pursuant hereto shall be true in all material respects (except for such representations and warranties as shall be qualified by a materiality standard, which shall be true and correct in all respects) at and as of
the Closing Date, as if made at and as of such date; 
  
 (iv) No applicable law, regulation or agreement then in effect and to which either NRGY or NRGM is a party (including any credit or debt agreements) prevents or prohibits consummation of the transactions
contemplated hereby; and 
  
 (v)
Consummation of the transactions contemplated hereby shall not require NRGY to register as an investment company under the 1940 Act. 
  

(b) Conditions of Obligations of Holdings GP. The obligation of Holdings GP to consummate the transactions contemplated on the
Closing Date is subject to the satisfaction of the following conditions: 
  
 (i) NRGY shall have performed in all material respects all of its obligations under this Agreement required to be performed by it on or prior to the Closing Date; 

 
 (ii) No action, claim, suit, hearing,
complaint, demand, injunction, litigation, judgment, arbitration, order, decree, ruling or governmental investigation or proceeding is then pending or threatened by any court or Governmental Entity, and no such court or Governmental Entity shall
have issued any injunction, judgment or order, which shall remain in effect, that would prevent consummation of the transactions contemplated hereby; provided, however, that the parties hereto shall use their reasonable best efforts to have any such
injunction, judgment or order vacated or reversed; 
  
 (iii) The representations and warranties of NRGY contained in this Agreement and in any certificate or other writing delivered by NRGY pursuant hereto shall be true in all material respects (except for
such representations and warranties as shall be qualified by a materiality standard, which shall be true and correct in all respects) at and as of the Closing Date, as if made at and as of such date; and 

 
 (iv) No applicable law, regulation or
agreement then in effect and to which either NRGY or NRGM is a party (including any credit or debt agreements) prevents or prohibits consummation of the transactions contemplated hereby. 

  
 6 

 Section 8. Termination. 
  
 (a) This Agreement may be terminated at any time prior to the Closing as follows: 

 
 (i) By mutual written consent of the
parties; or 
  
 (ii) By either NRGY
or Holdings GP if any Governmental Entity of competent jurisdiction shall have issued a final and non-appealable order, decree or judgment prohibiting the consummation of the transactions contemplated by this Agreement. 

 
 (b) This Agreement shall automatically terminate and lapse
without any action by either party: 
  
 (i) upon the occurrence of an NRGY Change of Control, which occurs prior to the time that NRGY is a less than 50% NRGM Owner; or 

 
 (ii) upon the occurrence of an NRGM Change
of Control, which occurs prior to the time that NRGY is a less than 25% NRGM Owner. 
  
 Section 9. Further Assurances. Promptly following the occurrence of a purchase event in Section 2(a) or 2(b), each of the parties shall take all actions necessary or appropriate under
applicable laws to enable Holdings GP to purchase the MGP GP Interests being sold and purchased pursuant to the terms of this Agreement. 
  

Section 10. Notices. All notices, requests and other communications to any party hereunder shall be in writing and shall be deemed
duly given, effective (a) three business days later, if sent by registered or certified mail, return receipt requested, postage prepaid, (b) when sent by telecopier or fax, provided that the telecopy or fax is promptly confirmed by
telephone confirmation thereof, (c) when delivered, if delivered personally to the intended recipient, and (d) one business day later, if sent by overnight delivery via a national courier service, and in each case, addressed, 

 
 if to NRGY, to: 

 
 Inergy, L.P. 

Two Brush Creek Boulevard, Suite 200 

Kansas City, Missouri 64112 
 Attention: General Counsel 
 Facsimile: (816) 531-4680

  
 with a copy to: 

 
 Vinson & Elkins LLP 

1001 Fannin, Suite 2500 
 Houston, TX 77002 
 Attention: Gillian A. Hobson 

Facsimile: (713) 615-5794 

  
 7 

 if to Holdings GP, to: 

 
 Inergy Holdings GP, LLC 

Two Brush Creek Boulevard, Suite 200 

Kansas City, Missouri 64112 
 Attention: General Counsel 
 Facsimile: (816) 531-4680

  
 Any party may change the address to which notices
or other communications hereunder are to be delivered by giving notice in the manner herein set forth. 
  

Section 11. Amendments and Waivers. Any provision of this Agreement may be amended or waived if, but only if, such amendment or
waiver is in writing and is signed, in the case of an amendment, by each party to this Agreement, or in the case of a waiver, by the party against whom the waiver is to be effective. No failure or delay by any party in exercising any right, power or
privilege hereunder shall operate as a waiver thereof nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right, power or privilege. 

 
 Section 12. Binding Effect; Assignment. All the terms
and provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and to their respective successors and permitted assigns. Neither this Agreement nor any rights or obligations of Holdings GP hereunder may be
assigned or delegated by Holdings GP without the prior written consent of NRGY. Neither this Agreement nor any rights or obligations of NRGY hereunder may be assigned or delegated without the prior written consent of Holdings GP. 

 
 Section 13. Governing Law. This Agreement shall be
governed by and construed in accordance with the laws of the State of Delaware, without regard to the conflicts of law rules of such state. 
  

Section 14. Counterparts; Third Party Beneficiaries. This Agreement may be executed and delivered (including by facsimile
transmission) in any number of counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument. This Agreement shall become effective when each party hereto shall have
received a counterpart hereof signed by the other parties hereto. This Agreement is not intended to be for the benefit of, and shall not be enforceable by, any person or entity who or which is not a party hereto other than the heirs, personal
representatives, successors and permitted assigns of the parties hereto. 
  
 Section 15. Entire Agreement. This Agreement constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior agreements and understandings,
both oral and written, between the parties with respect to the subject matter hereof. 

  
 8 

 Section 16. Construction. The captions herein are included for convenience of
reference only and shall be ignored in the construction or interpretation hereof. This Agreement has been fully negotiated by the parties through their legal counsel. Accordingly, in interpreting this Agreement, the rule of interpretation requiring
that documents be construed against the draftsman shall be inapplicable. Further, all additions or deletions of provisions from any and all drafts of this Agreement shall be of no force or effect in interpreting the terms of this Agreement or the
intentions of the parties hereto. 
  
 Section 17.
Severability. The provisions of this Agreement shall be deemed severable and the invalidity or unenforceability of any provision shall not affect the validity or enforceability of the other provisions hereof. If any provision of this
Agreement, or the application thereof to any Person or any circumstance, is invalid or unenforceable, (a) a suitable and equitable provision shall be substituted therefor in order to carry out, so far as may be valid and enforceable, the intent
and purpose of such invalid or unenforceable provision and (b) the remainder of this Agreement and the application of such provision to other Persons or circumstances shall not be affected by such invalidity or unenforceability, nor shall such
invalidity or unenforceability affect the validity or enforceability of such provision, or the application thereof, in any other jurisdiction. 
  

Section 18. Specific Performance. The parties hereto agree that the remedy at law for any breach of this Agreement will be
inadequate and that any party by whom this Agreement is enforceable shall be entitled to specific performance in addition to any other appropriate relief or remedy. Such party may, in its sole discretion, apply to any court of competent jurisdiction
for specific performance or injunctive or such other relief as such court may deem just and proper in order to enforce this Agreement or prevent any violation hereof and, to the extent permitted by applicable law, each party waives any objection to
the imposition of such relief. 
  
 Section 19.
Remedies Cumulative. All rights, powers and remedies provided under this Agreement or otherwise available in respect hereof at law or in equity shall be cumulative and not alternative, and the exercise of any thereof by any party shall not
preclude the simultaneous or later exercise of any other such right, power or remedy by such party. 
  
 [SIGNATURE PAGE FOLLOWS] 

  
 9 

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

					
		 	INERGY, L.P.
			
		 	 By:
	 	 Inergy GP, LLC, its general partner

		 	 By:
	 	  

		 	Name:	 	
		 	 Title:
	 	
		
		 	INERGY HOLDINGS GP, LLC
			
		 	 By:
	 	  

		 	Name:	 	
		 	 Title:
	 	

  
 10

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