Document:

WES 12.31.14 EX 10.23

EXHIBIT 10.23

SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH ASTERISKS (***).

GAS GATHERING AGREEMENT 

between 
Kerr-McGee Gathering LLC (“Gatherer”) 
and 
Kerr-McGee Oil and Gas Onshore LP (“Shipper”)
 

GAS GATHERING AGREEMENT 
INDEX
	
						
	 
	 
	 
	 
	PAGE

	COMMERCIAL TERMS
	 

	TERM
	1
	

	DEDICATION AND SYSTEM
	2
	

	SERVICE LEVEL AND RATES
	2
	

	GAS QUALITY REQUIREMENTS
	3
	

	NOTICES
	3
	

	SPECIAL PROVISIONS
	4
	

	GENERAL TERMS AND CONDITIONS
	 

	DEFINITIONS
	8
	

	GENERAL TERMS AND CONDITIONS
	12
	

	ARTICLE
	 

	I
	COMMITMENTS
	12
	

	II
	WELL CONNECTIONS
	13
	

	III
	NOMINATIONS, BALANCING, MEASUREMENT, COMMINGLING, CURTAILMENT and ALLOCATIONS
	13
	

	IV
	GAS QUALITY
	17
	

	V
	GATHERING RATE
	17
	

	VI
	RECEIPT, DELIVERY, AND SERVICE LEVEL
	18
	

	VII
	BILLINGS, PAYMENTS AND AUDIT
	18
	

	VIII
	TERMINATION
	19
	

	IX
	NOTICES
	20
	

	X
	FORCE MAJEURE
	21
	

	XI
	REGULATIONS AND CHOICE OF LAW
	22
	

	XII
	WARRANTY
	22
	

	XIII
	INDEMNITY
	23
	

	XIV
	MISCELLANEOUS
	27
	

GAS GATHERING AGREEMENT 
INDEX
	
						
	 
	 
	 
	 
	PAGE

	EXHIBIT A -
	DEDICATED AREAS AND WELLS
	30
	

	EXHIBIT B -
	GAS QUALITY REQUIREMENTS
	31
	

	EXHIBIT C -
	RECEIPT POINT(S)
	33
	

	EXHIBIT D -
	DELIVERY POINT(S)
	60
	

	EXHIBIT E -
	NOMINATION, CONFIRMATION AND BALANCING PROCEDURES
	61
	

	EXHIBIT F -
	CURTAILMENT PROCEDURES
	64
	

GAS GATHERING AGREEMENT
COMMERCIAL TERMS
THIS GAS GATHERING AGREEMENT is effective July 1, 2010 (“Effective Date”) by and between Kerr-McGee Gathering LLC (“Gatherer”) and Kerr-McGee Oil and Gas Onshore LP (“Shipper”) and is comprised of these Commercial Terms, the Definitions, the General Terms and Conditions, and any attachments, exhibits, supplements, special provisions, addenda, or modifications or amendments thereto (“Agreement”). The parties to this Agreement may be referred to individually as a “Party” and collectively as the “Parties”. This Agreement shall replace and supersede, in their entirety, all prior agreements between the Parties pertaining to the Gas covered by this Agreement, including, without limitation the Gas Gathering Agreement between KN Front Range Gathering Company and Amoco Production Company dated March 5, 1993 (Contract 25050/8360); the Gas Gathering Agreement between KN Front Range Gathering Company and HS Resources, Inc. dated July 16, 1992 (Contract 25000/8344); the Gas Gathering Agreement between Martin and Basin dated March 23, 1993 (Contract 25012/8349); the Gas Gathering Agreement between Union Pacific Resources Company and HS Resources dated March 29, 1993 (Contract 25037/8357); and the Gas Gathering Agreement between Resource Gathering Systems, Inc (RGSI) and HS Resources dated June 1, 1991 (Contract 8610). In consideration of the premises and mutual covenants and agreements contained in this Agreement and other good and valuable consideration (the receipt and sufficiency of which are hereby confessed and acknowledged), the Parties stipulate and agree as follows:
Section 1.    Term
This Agreement will commence on the Effective Date, and will remain in full force and effect for a primary term of ten (10) years, subject to the termination provisions in Article VIII of the General Terms and Conditions. After the primary term has expired, this Agreement will remain in effect for a period of one (1) year and year to year thereafter, subject to the termination provisions in Article VIII of the General Terms and Conditions.

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Section 2.    Dedication and System 
Shipper dedicates all Gas, now or hereafter owned, controlled or produced by Shipper within the area (“Dedicated Area”) or from the wells (“Dedicated Wells”) as described on Exhibit A. During January of each calendar year during the Term of this Agreement, Shipper will send a letter to Gatherer listing each well that was connected to the System (as defined in the Definitions) during the preceding calendar year; the letter will identify each such new well by name and will include a legal description of each such well. No amendment will be required to add wells to this Agreement so long as Shipper timely provides such an annual letter to Gatherer. The System, as currently existing or planned, is depicted or described on Exhibit A.
Section 3.    Service Level and Rates 
A.    Gatherer will provide Gathering and Compression with an average monthly compressor station inlet separator pressure of *** ***, limited existing treating at its Platteville station and centralized dehydration. Additionally, and as part of its Service Level, to the extent Shipper delivers its Dedicated Production to the inlet of Gatherer’s Fort Lupton Plant and Gatherer has available capacity as configured today, then, Gatherer will process and remove Plant Products for the account of Shipper and deliver the Residue Gas for the account of Shipper (“Service Level”).
B.    Fuel and Loss will be the actual Fuel and Loss for the Month. Shipper will reimburse Gatherer for its share of the Fuel and Loss at the tailgate of the Fort Lupton Plant or as otherwise agreed to by the parties. If electric power is used in any part of the System for compression or other services not exclusively utilizing Gas, Gatherer shall charge Shipper an additional fee to cover the portion of such electric power utilized on behalf of Shipper.
C.    Gatherer shall charge Shipper an initial Rate of $*** per MMBtu. The Rate and any other charges under this Agreement shall be adjusted on an *** basis, effective April 1 of each year, in proportion to the percentage change from the preceding *** ***, using the column titled “*** Average”, or its equivalent, in the *** *** *** — *** *** *** as published by the *** *** *** *** *** *** *** *** *** (“*** ***”). In no event will the adjustment result in a decrease of the Rate from the last effective amount of the Rate. In the 

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event the *** *** ceases to be published, the Parties shall mutually agree to an alternative price *** reasonably similar to the *** ***.
Section 4.    Gas Quality Requirements 
Shipper shall comply with “Gas Quality Requirements” attached as Exhibit B. Gas Quality is also addressed herein as Article W of the General Terms and Conditions. Gatherer may, at its option, cease receiving Shipper’s Dedicated Production which fails to meet any of the Gas Quality Requirements and shall notify Shipper that it has, or will, cease receiving such non-conforming Gas.
Section 5.    Notices
GATHERER    
	
		
	Payment to be made according to invoice and if no instructions to:
	Kerr-McGee Gathering LLC 
Attention: Contract Administration 
1099 18th Street, Suite 1800 
Denver, CO 80202-1918
Telephone:   (720) 929-6000
Telecopy:   (720) 929-3906

	Nomination and Scheduling:
	Kerr-McGee Gathering LLC
Attention: Gas Control
1099 18th Street, Suite 1800
Denver, CO 80202
Telephone: (720) 929-6445
Telecopy: (720) 929-7445

	Pipeline Emergencies:
	Telephone: (303) 659-5922

	Audit:
	Kerr-McGee Gathering LLC
Attention: Midstream Audit
1099 18th Street, Suite 1800
Denver, CO 80202-1918
Telephone: (720) 929-6000
Telecopy: (720) 929-3906

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SHIPPER
	
		
	Notices:
	Kerr-McGee Oil and Gas Onshore LP
Attention: Contract Administration 1099 18th Street, Suite 1800
Denver, CO 80202-1918
Telephone:   (720) 929-6000
Telecopy:   (720) 929-3906

Section 6.    Special Provisions
A.    The following Definitions shall be added to the General Terms and Conditions
Definitions:
“BP Plant” means the Wattenberg Processing Plant operated by BP America Inc. located in Section 32, Township 3 south, Range 65 west, Adams County, Colorado where Shipper’s Gas is delivered for processing.
“Fort Lupton Plant” means the Fort Lupton Processing Plant operated by Gatherer located in Section 4, Township 2 north, Range 55 west, Weld County, Colorado where Shipper’s Gas is delivered for processing.
“Plant Products” means all sulfur, carbon dioxide, nitrogen, helium, argon, other inert gases, ethane, propane, iso-butane, normal butane, iso-pentane, normal pentane, pentanes plus, hexanes plus, any other liquid hydrocarbon product except for a liquefied methane product, or any mixtures thereof, and any incidental methane included in any Plant Products, which are separated, extracted, or condensed in commercial quantities from Gas processed in a processing plant.
“Residue Gas” means that portion of the Gas delivered to the Fort Lupton Plant that remains as a Gas after processing.
“Slug Hydrocarbon Volume” means all hydrocarbons entering the BP Plant in a liquid state at the pressure and temperature conditions existing at the BP Plant.

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“System Pressure” means, for each Month, the monthly average pressure (“psig”) of all System Receipt Points on the gathering System. “psig “ means pounds per square inch gauge.
B.    The Fort Lupton Plant allocation will be based on Shipper’s prorata share of the Fort Lupton Plant volumes. The Fort Lupton Plant volumes will be determined as the sum of all metered volumes leaving the Fort Lupton Plant including but not limited to volumes measured at fuel, flare, Plant Products and Residue Gas meters. Residue Gas will be returned to Shipper for its account at the tailgate of the Fort Lupton Plant after all Heating Value reductions incidental to the processing.
C.    Drip Condensate.
Article III, paragraph 3.4 of the General Terms and Conditions is hereby modified by deleting the second sentence and replacing it with the following: “*** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** Hexanes plus (C6+) delivered at each Receipt Point on the System.”The Thermal Content of the Drip Condensate will be determined by applying GPA Standard 2145 heating values, latest revision, to the individual components of the liquid composition to a level of Hexanes plus (C6+). The Heating Value (in Btu per gallon) of the C6+ mol% portion of the analysis will be comprised of 60% of the value for Hexane (C6) plus 30% of the value of Heptane (C7) plus 10% of the value of Octane (C8).
D.    Slug Hydrocarbon Volume Handling at the BP Plant.
Shipper will be allocated *** *** *** *** *** *** Volumes collected *** *** *** *** *** *** *** *** *** based on Shipper’s proportionate share of inlet MMBtu’s delivered during each Month *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** ***.   Shipper shall at all times have the obligation to receive its allocated recovered Plant Products and Residue Gas *** *** *** *** tailgate and to arrange for the transportation, marketing or further disposition of such Plant Products. Shipper shall be allocated *** *** *** *** *** *** *** processing fees charged *** *** *** *** for such 

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processing service. The proportionate share of the processing fee will be added as a line item on the monthly invoice.
E.    Well Connections and Connection Cost Contribution.
Article II of the General Terms and Conditions, Well Connections, is hereby modified to add the following: “Gatherer will construct, own, operate and maintain the connection and Receipt Point facilities required to receive and measure Gas delivered by Shipper at the Receipt Point(s) in accordance with System pressure obligations addressed in Section F below. Where 100% of the Gas to be delivered by Shipper is attributable to Shipper’s interest, Gatherer shall bear up to ***of the cost to install the Receipt Point connection facilities for each connection (“Connection Cost Contribution”). Any third party portion of the connection cost will be paid as set forth in such third party agreement with Gatherer. For a new Receipt Point requiring connection facilities costing more than the Connection Cost Contribution limit stated above, Shipper and Gatherer will mutually agree to the terms and conditions for each such Receipt Point connection prior to commencement of the installation of the connection facilities.”
F.    Pressure Obligation
Article I, paragraph 1.2 of the General Terms and Conditions is hereby expanded to include the following commitment. “Upon written notification from Shipper and subject to Force Majeure considerations, at its earliest opportunity, Gatherer will make reasonable commercial efforts to maintain a System Pressure of less than  *** ***, with no greater than a *** variance in the System Pressure from Month to Month and no greater than a  *** *** variance in daily average pressure at any individual Receipt Point during any Month. The intent of the guidelines above is to achieve a consistent System Pressure over both short term intervals and long term intervals. The historical System Pressure is approximately  *** ***. Maintenance of historical System Pressure is the objective of the Parties, with the guidelines above only defining the upper limits of System Pressure and System Pressure variances.

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G.    Carbon Dioxide Removal
Gatherer agrees to accept receipt of Shipper’s Gas at Receipt Points at which the currently applicable chromatographic analysis, conducted pursuant to this Agreement, reports more than two percent (2%) by volume carbon dioxide, as capacity permits, by utilizing the amine treater at the Platteville Compressor Station to endeavor to meet the Gas Quality Requirement.

In the event of a conflict between the Commercial Terms and the General Terms and Conditions or the Commercial Terms and an Exhibit, the Commercial Terms of this Agreement shall govern and control during the Term of this Agreement.
IN WITNESS WHEREOF, the Parties hereto have executed this  Agreement as of the Effective Date.
	
		
	GATHERER
	SHIPPER

	KERR-MCGEE GATHERING LLC   
	KERR-MCGEE OIL AND GAS ONSHORE LP

	By: /s/ Danny Rea
	By: /s/ James J. Kerr

	Name: Danny Rea
	Name: James J. Kerr

	Title: Vice President
	Title: VP Operations

	Date: 7/27/10
	Date: 7/27/10

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GENERAL TERMS AND CONDITIONS 
DEFINITIONS
Unless otherwise specifically provided, the following terms and their respective meanings will apply throughout this Agreement.
“Agreement” means this Gas Gathering Agreement, which is comprised of the Commercial Terms, these Definitions, the General Terms and Conditions, and any attachments, exhibits, supplements, modifications, special provisions, or amendments thereto.
“British Thermal Unit” (sometimes herein referred to as “Btu”) shall mean the amount of heat required to raise the temperature of one pound of water from fifty-nine degrees (59°) to sixty degrees (60°) Fahrenheit.
“Btu Content” means the number of Btus contained in the quantity of Gas delivered hereunder and will be determined by multiplying the volume of Gas, measured in Mcfs, by its corresponding Heating Value (Btu/cf).
“Commercial Terms” means the commercial provisions contained in the Gas Gathering Agreement Commercial Terms.
“Cubic foot of Gas” or “Cubic feet of Gas” means the volume of Gas contained in one (1) cubic foot of space at a standard base pressure in psia as required by this Agreement and at a temperature of sixty degrees (60°) Fahrenheit.
“Day” means a period of twenty-four (24) consecutive hours beginning and ending at the Standard Time Zone Hour. The reference date for any Day will be at the beginning of such Day.
“Dedicated Area” will have the meaning contained in the Commercial Terms.
“Dedicated Production” means, all Gas now or hereinafter owned, controlled or produced by Shipper from Dedicated Wells and/or Wells within the Dedicated Area, with the exception of Gas
 

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required for: (1) operations on the lease; (2) pressure maintenance; and (3) the fulfillment of obligations to Shipper’s lessor.
“Dedicated Wells” will have the meaning contained in the Commercial Terms.
“Delivery Point(s)”, as described on Exhibit D, means the inlet of the Gas measurement facilities at the existing interconnection between the System and the facilities of a Third Party Transporter where Dedicated Production is delivered to Third Party Transporter for Shipper’s account.
“Definitions” means these Definitions.
“Drip Condensate” means heavier hydrocarbons that fall out of the Natural Gas stream and are recovered or allocated in the System without processing.
“EFM” will have the meaning set forth in Section 3.5 of the General Terms and Conditions.
“Force Majeure” will have the meaning set forth in Section 10.4 of the General Terms and Conditions.
“Fuel and Loss” means Gas actually consumed or allocated in the operation of the System and any Gas lost or unaccounted for incident to the operations of the System.
“Gas” or “Natural Gas” means all hydrocarbons, except oil, produced from the Wells, including casinghead Gas, together with all liquefiable hydrocarbon components thereof and all concomitant substances produced from the Wells, including, but not limited to, nitrogen, carbon dioxide and contained helium.
“Gatherer” will have the meaning contained in the Commercial Terms.
“General Terms and Conditions” means the Gas Gathering Agreement General Terms and Conditions.
“Heating Value” means the number of British Thermal Units produced by the combustion, at constant pressure, of the amount of Gas which would occupy a volume of one (1) cubic foot at a
 

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temperature of sixty degrees (60°) Fahrenheit in the absence of water vapor and under a constant pressure of 14.73 psia, with air of the same temperature and pressure as the Gas, when the products of combustion are cooled to the initial temperature of the Gas and air and when the water formed by combustion is condensed to the liquid state.
“Law” will have the meaning set forth in Section 11.1 of the General Terms and Conditions.
“Mcf” means one thousand (1,000) cubic feet.
“MMBtu” means one million (1,000,000) British Thermal Units.
“Month” means the period beginning the Standard Time Zone Hour on the first Day of the calendar month and ending at the Standard Time Zone Hour on the first Day of the next succeeding calendar month.
“Other Producer” means a Person other than Shipper Indemnitees and Gatherer Indemnitees who is delivering or is preparing to deliver Gas into the System.
“Party” or “Parties” will have the meaning contained in the Commercial Terms.
“Person(s)” means any individual or entity, including any corporation, limited liability company, joint venture, joint stock company, general or limited partnership, trust, agency, association, organization, governmental authority or entity.
“psia” means pounds per square inch absolute.
“Purchaser” will have the meaning set forth in Section 1.3 of the General Terms and Conditions.
“Rate” will have the meaning set forth in Section 5.1 of the General Terms and Conditions.
“Receipt Point(s)”, as described on Exhibit C, means the inlet of Gatherer’s existing Gas measurement facilities where Gatherer receives Dedicated Production.
“Renegotiation Period” will have the meaning set forth in Section 6.2 of the General Terms and Conditions.
“Service Level” will have the meaning contained in the Commercial Terms.
“Shipper” will have the meaning contained in the Commercial Terms.

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“Standard Time Zone Hour” will have the meaning contained in the Commercial Terms.
“System” will include but not be limited to, all Gas pipelines, Gas measurement facilities, Gas compressors, dehydrators, and any treating or related facilities, buildings with contents, surface leases and rights-of-way, owned or operated by Gatherer which make up the System in this Agreement, including future additions or modifications to the System.
“Thermal Equivalent” or “Thermally Equivalent” means an equal number of Btu’s.
“Third Party” means all Person(s) other than Shipper Indemnitees and their invitees and/or Gatherer Indemnitees and their invitees.
“Transporter” means the owner of pipeline facilities downstream of the inlet of the Gas measurement facilities for the Delivery Point(s).
“Uneconomic” means when the direct operating costs exceed the revenue generated from the System, or any relevant segment thereof, or applicable Well(s), for this Agreement for three (3) consecutive Months.
“Well” means any well classified as a Gas well or an oil well by the governmental authority having jurisdiction.
 

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GAS GATHERING AGREEMENT 
GENERAL TERMS AND CONDITIONS
ARTICLE I 
Commitments
1.1    Subject to the terms of this Agreement, Shipper dedicates and will deliver the Dedicated Production to the System and Gatherer will receive, accept, gather, and deliver the Dedicated Production at the Delivery Point(s) less applicable Fuel and Loss. In addition, Gatherer will perform the additional services set forth in the Commercial Terms.
1.2    Gas delivered hereunder at the Receipt Point(s) shall be at a pressure which is sufficient to enter Gatherer’s System against the prevailing pressures therein from time to time and Shipper shall not deliver Gas to Gatherer at a pressure that would exceed the maximum allowable operating pressure of Gatherer’s System at the Receipt Point(s).
1.3    Notwithstanding the foregoing, Shipper reserves the right to sell the Dedicated Production to an affiliate (referred to as “Purchaser”) so long as Purchaser is subject to and agrees to comply with and perform all of the obligations of Shipper contained in this Agreement. Notwithstanding Purchaser’s assumption of Shipper’s obligations, Shipper will remain responsible and liable for all obligations, including Dedicated Area, Production and/or Wells, if applicable, liabilities and other expenses arising (directly or indirectly) from or related to this Agreement. In the event that Shipper sells its Dedicated Production to a Purchaser, Gatherer will remain obligated to fulfill its obligations under this Agreement.
1.4    In the event that Shipper has already dedicated Gas to a Third Party under a separate agreement which but for such prior dedication would be considered Dedicated Production, such Gas will not be considered dedicated under this Agreement until the Day following the expiration of the Third Party agreement and connection of such Gas is deemed economically feasible in Gatherer’s sole opinion. If prior to the time such Gas becomes Dedicated Production pursuant to this Section 1.4, Shipper requests and Gatherer makes investment to service such Gas at the request of Shipper, Gatherer will determine the cost of such facilities and investment and, within sixty (60) 

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Days of a determination that such Gas is already dedicated to a Third Party, provide Shipper with an invoice for such amount. Shipper shall pay such invoice within thirty (30) Days of receipt.
ARTICLE II  
Well Connections
2.1    Shipper may provide to Gatherer, on a quarterly basis, a report containing planned drilling and completion schedules for the Dedicated Area. Subject to the terms of this Agreement, Gatherer may use the information contained in the quarterly report to schedule commencement of acquisition of rights-of-way and other services required to connect the Wells that have been requested to be connected in accordance with the drilling and completion schedule. In the event Shipper provides Gatherer with a request for a well connection, the request will contain Shipper’s best estimate of the date of first production for a specified Well and Gatherer will use reasonable commercial efforts to ensure that the Well is connected to the System by the date requested by Shipper.

ARTICLE III
Nominations, Balancing, Measurement, Commingling, Curtailment and Allocations
3.1    Shipper will comply with the “Nomination, Confirmation and Balancing Procedures” attached as Exhibit E.
3.2    Gatherer will have the right to interrupt or curtail receipts of Dedicated Production into the System in accordance with “Curtailment Procedures” contained in Exhibit F.
3.3    Gatherer will have the right to commingle the Dedicated Production received in the System with Other Producers’ Gas. It is recognized that Dedicated Production delivered at a Delivery Point may not be the same molecules as those received at a Receipt Point. The quantities of Dedicated Production delivered at a Delivery Point will be Thermally Equivalent to the quantities of Dedicated Production received in accordance with the terms of this Agreement at a Receipt Point, less Shipper’s share of Fuel and Loss. Shipper’s share of Fuel consumed in the operations of the System shall be determined and allocated by Gatherer to each Receipt Point(s) upstream of the applicable point Gas is actually consumed by multiplying the Gas consumed at such point on the System by a fraction calculated by the Receipt Point Gas upstream of such point divided by all Gas attributable for all 

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Receipt Point(s) upstream of such point. Shipper’s prorated share of Loss shall be determined and allocated by Gatherer based on Shipper’s Gas volumes in the System proportionate to Other Producer’s Gas in the System.
3.4    Gatherer may collect and remove Drip Condensate attributable to the Dedicated Production from the System prior to delivery of Dedicated Production to the Delivery Point. Gatherer will own all Drip Condensate and will bear all costs for collection and removal of the Drip Condensate.
3.5    The volume of Gas will be measured by a primary and secondary measurement device that is accepted by industry, state, and federal regulatory agencies. The most common primary devices are orifice or ultrasonic meter tubes. These devices shall comply with the American Petroleum Institute -Manual of Petroleum Measurement Standards, 14.3, American Gas Association Report No. 3, and Report No. 9, (Latest Revisions) where applicable. The secondary measurement device shall be an electronic flow meter (“EFM”) that includes a temperature recording system. The EFM shall meet and be capable of performing volume calculations according to the current standards prescribed in the American Gas Association Report No. 3, Orifice Metering of Natural Gas and Other Hydrocarbon Fluids, Parts 1-4, and shall comply with the American Petroleum Institute — Manual of Petroleum Measurement Standards, Chapter 21, Section 1 — Electronic Gas Measurement, (Latest Revisions).
3.6    The unit of volume for measurement of Gas delivered hereunder shall be one thousand (1,000) Cubic feet of Gas at a base temperature of sixty degrees Fahrenheit (60°F) and at an absolute pressure base of 14.73 psia.
3.7    For purposes of measurement hereunder, the atmospheric (barometric) pressure shall be the average actual atmospheric pressure for the geographical area as determined by the Gatherer. If the pressure transmitter being used is capable of measuring actual atmospheric pressure, then actual atmospheric pressure may be used.
3.8    Gatherer shall determine the Gas stream composition, specific gravity, and gross Heating Values based on any of the following: spot samples, composite samples, on-line Gas chromatograph analysis or portable Gas chromatograph analysis. The component analysis of the Gas shall be performed by Gas chromatography in accordance with GPA 2261 and 2172 or any pertinent revisions thereto or replacements thereof. Gas samples shall be obtained in accordance with the procedures 

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set forth in the Gas Processor’s Association Standard 2166 (Latest Revision) “Obtaining Natural Gas Samples for Analysis by Gas Chromatography” and American Petroleum Institute 14.1 Section 1 (Latest Revision).
3.9    The sampling frequency will be no less than semi-annually or more often if deemed necessary by Gatherer.
3.10    Tests for oxygen, carbon dioxide, sulphur, and hydrogen sulfide content of the Gas delivered hereunder shall be made as often as deemed necessary by Gatherer, by means commonly used and accepted in the industry.
3.11    Deviation from Boyle’s Law at the pressure, specific gravities and temperatures upon delivery shall be calculated by the NX-19 as outlined or described in the American Gas Association Report “Manual for the Determination of Super Compressibility” or AGA 8, Gross or Detail methods as outlined or described in the AGA Report No. 8 entitled “Compressibility Factors of Natural Gas and Other Related Hydrocarbon Gases”.
3.12 All measuring equipment, housing, devices, and materials shall be of standard manufacture and will, with all related equipment, appliances, and buildings, be maintained and operated by Gatherer at Gatherer’s expense. All testing equipment shall be provided by Gatherer at Gatherer’s expense.
3.13    Shipper may, at its option and expense, install and operate check meters to monitor Gatherer’s meters. Such meters shall be for check purposes only and shall not be used in the measurement of Gas for the purposes of this Agreement except as provided for in this Agreement. The installation and operation thereof shall be done entirely by Shipper and shall not interfere in any way with the operation of Gatherer’s meter. The use of a share bar tubing system shall not be permitted. Shipper shall also have the right to access, for monitoring purposes, data at Gatherer’s Receipt Point(s) meters by way of a Supervisory Control and Data Acquisition system, so long as the same does not interfere with Gatherer’s System.
3.14    Gatherer’s custody meters shall be tested and calibrated by Gatherer semi-annually or more often if deemed necessary by Gatherer. If Shipper desires to witness any of the tests provided for herein, Shipper shall so advise Gatherer in writing. If Shipper has so advised Gatherer, then Gatherer 

15

shall give Shipper sufficient notice in advance of such tests so that Shipper may have its representative present to observe adjustments, if any, which are made.
3.15    When any test shows an error of more than two percent (2%) in measurement, correction shall be made for the period during which the measurement instruments were in error first by correcting the error if the percentage of error is ascertainable by calibration, test or mathematical calculations or second by using the registration of Shipper’s check meter, if installed and registering accurately. If neither such method is feasible, correction shall be made by estimating the quantity and quality delivered, based upon deliveries under similar conditions during a period of time when the equipment was registering accurately. If the period during which the measurement was in error cannot be ascertained, correction shall be made for one-half (1/2) of the period elapsed since the last date of test, and the measuring instrument shall be adjusted immediately to measure accurately.
3.16    Production equipment upstream of the Receipt Point(s) shall be designed and operated in a manner that will not interfere with acceptable measurement standards. If such interference is detected, Gatherer shall notify Shipper and Shipper shall have sixty (60) Days to correct or cause to be corrected the problems causing measurement errors due to pulsation, vibration, or harmonic wave distortion caused by compressors, pumps, or other production equipment upstream of the Receipt Point(s). Volume inaccuracies greater than or equal to one half of one percent (1/2%) that are found to be the result of pulsation, vibration, or harmonic wave distortion caused by compressors, pumps, or other production equipment upstream of the Receipt Point(s) will be corrected and adjustments made back to the point in time when the inaccuracies first occurred.
3.17    With respect to the measurement of Gas under this Agreement, Gatherer and Shipper shall have the right to inspect equipment installed or furnished by the other, and the charts and other measurement or testing data of the other, at all times during business hours, but the reading, calibration, and adjustment of such equipment and changing of charts shall be done only by the Party owning such equipment. Each Party shall preserve all original test data, charts and other similar records in such Party’s possession, for a period of at least two (2) years or the time required by any governmental agency, whichever is greater. Upon written request by either Party, all such data, charts, and other similar records will be made available to the requesting Party, subject to return within sixty (60) Days after receipt thereof.

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ARTICLE IV 
Gas Quality
4.1    Gatherer will not be obligated to accept the Dedicated Production, unless it meets the Gas Quality Requirements contained in this Agreement.
4.2    If all or a portion of the Dedicated Production delivered fails to meet any of the Gas Quality Requirements, then Gatherer may, at its option: (i) continue to temporarily receive such Dedicated Production or (ii) discontinue receipt of such Dedicated Production. If Gatherer elects to continue to receive such Dedicated Production, its election will not be deemed as a waiver of its right to discontinue receipt of such Dedicated Production at any time in the future.
4.3    Notwithstanding anything in this Agreement to the contrary, Shipper recognizes that the Gas received by Gatherer hereunder is subsequently transported by a downstream pipeline whose quality specifications may change from time to time. Therefore, if Gatherer is prevented from delivering Gas from its System to any pipeline due to such Gas not meeting the pipeline’s quality specifications(s), and such failure is not attributable to Gatherer’s actions, Gatherer shall be entitled to immediately shut-in all deliveries of Gas by Shipper which do not satisfy a downstream transporting pipeline’s specifications.
4.4    Shipper’s sole remedy in the event Gatherer elects to discontinue receipt of such Gas will be to: (i)    treat the Gas delivered so it will meet the Gas Quality Requirements, or (ii) reach mutual agreement with Gatherer to amend the Gas Quality Requirements, or to enter into such other mutual agreement as may be appropriate.
ARTICLE V 
Gathering Rate
5.1    As set out in the Commercial Terms, Shipper will pay Gatherer a gathering fee per unit of measurement (“Rate”) for all Gas received by Gatherer in accordance with the terms of this Agreement. The Rate will be representative of a Rate necessary to maintain the current Service Levels and provide the additional services which are contained in the Commercial Terms.

17

5.2    Gatherer’s cost to service the Gas measurement facilities at a Receipt Point is *** *** *** ***per Month per Receipt Point. In order to insure Gatherer recovers its Monthly costs, Shipper shall pay Gatherer, for each Receipt Point, the higher of: (i) the actual Monthly gathering charges due, or (ii) ***.
ARTICLE VI 
Receipt, Delivery, and Service Level
6.1    Gatherer will maintain the Service Level. At Shipper’s request, and if commercially feasible and reasonable in Gatherer’s discretion, Gatherer will make modifications or install facilities necessary to improve the Service Level and Gatherer may adjust Shipper’s Rate, to be effective upon notice on the first of the Month following completion of each such modification or installation.
6.2    If in Gatherer’s sole reasonable judgment, it becomes Uneconomic for a period of at least *** *** **********Months to gather Shipper’s Gas from one or more Receipt Point(s), Gatherer may provide notice of such Uneconomic situation(s) to Shipper. The Parties shall thereafter for a period of thirty (30) Days (“Renegotiation Period”), negotiate in good faith for new or amended Commercial Terms and Rate(s) under this Agreement. Such Renegotiation Period may be extended by mutual agreement, and this Agreement shall continue in full force and effect during any such Renegotiation Period. If, by the end of the Renegotiation Period, the Parties have not reached agreement for new or amended Commercial Terms and Rate(s), Gatherer shall have the right to terminate this Agreement as to such Receipt Point(s) by providing at least thirty (30) Days’ notice to that effect to Shipper.
ARTICLE VII
Billings, Payments and Audit
7.1    On or before the last Day of each Month, Gatherer will invoice Shipper and will provide supporting documentation as agreed by the Parties, for the amount due Gatherer for Dedicated Production delivered into the System in the preceding Month at the applicable Rate. Shipper will remit to Gatherer, at the address shown in the Commercial Terms, the amount invoiced, no later than fifteen (15) Days following the date of the invoice. Any payment not timely paid as required herein shall bear interest at the lower of the maximum lawful rate of interest in the State of Texas, 

18

or the Federal Reserve Bank Prime Loan Rate + 2%, calculated on a monthly basis and compounded daily, which interest shall be promptly paid by Shipper. Additionally, if Shipper is more than ten (10) Days late in making any payment, in addition to all other rights and remedies of Gatherer, and upon at least five (5) Days’ prior notice, Gatherer may cease receiving Shipper’s Gas until Shipper’s account is brought current, with interest.
7.2    Either Party, with at least sixty (60) Days’ prior written notice, shall have the right at its expense, at reasonable times during business hours, to audit the books and records of the other Party to the extent necessary to verify the accuracy of any statement, allocation, measurement, computation, charge, or payment made under or pursuant to this Agreement. Such audits will be conducted at the location where the books and records are normally located. The scope of any audit shall be limited to transactions affecting the Gas hereunder, and shall be limited to the 24-month period immediately prior to the Month in which the audit is requested. However, no audit may include any time period for which a prior audit hereunder was conducted, and no audit may occur more frequently than once each 12 months. All statements, allocations, measurements, computations, charges, or payments made in any period prior to the 24-month period immediately prior to the month in which the audit is requested, or made in any 24-month period for which the audit is requested but for which a written claim for adjustments is not made within ninety (90) Days after the audit is requested shall be conclusively deemed true and correct and shall be final for all purposes. All other statements, allocations, measurements, computations, charges, or payments shall be deemed true and correct and shall be final for all purposes after the expiration of 24 Months from the date thereof.
ARTICLE VIII 
Termination
8.1    Notwithstanding any other provisions to the contrary in this Agreement, this Agreement can be terminated, except for any obligations then accrued, including, but not limited to, the indemnities in this Agreement, which shall survive termination, under the following conditions:
A.    If at any time during the term of this Agreement a governmental, quasi-governmental, regulatory, judicial or other authority, whether federal, state, local, international, or otherwise, takes or threatens to take any action or inaction as to any Party to this Agreement 

19

whereby the oil, gas, other hydrocarbons or inert substances, or any components, transportation or services related thereto, will be proscribed or possibly subjected to terms, conditions, changes, fees, taxes, levies, imposts, restraints, regulations, or costs, including without limitation, rate or price controls or ceilings, emissions or component allowances or burdens, or any other action that would make it economically burdensome for one or more of the Parties, any affected Party may, upon at least thirty (30) Days’ prior written notice to the other Parties, require good faith renegotiation of the terms of this Agreement to cure, alleviate, or apportion such economic burden among the Parties. If such renegotiation fails to reach mutually agreeable amended terms within thirty (30) Days following the beginning of such renegotiations, the affected Party shall have the right, but not the obligation, to terminate this Agreement upon at least thirty (30) Days’ additional written notice to the other Parties.
B.    Either Party may terminate this Agreement by providing written notice to the other Party either at least ninety (90) Days prior to the expiration of the Primary Term or at least ninety (90) Days prior to the end of each annual term after the expiration of the Primary Term.
ARTICLE IX 
Notices
9.1    Unless otherwise agreed by the Parties in writing, any notice, demand, request, claim or other communication required or permitted to be given under this Agreement will be in writing, effective upon receipt, and sent by United States mail, courier, hand delivery or telecopy (only if during normal business hours), postage or charges prepaid, to the address of the Party set forth in the Commercial Terms, or any other more recent address which has been provided by such Party in writing pursuant to this notice provision.

20

ARTICLE X 
Force Majeure
10.1    Neither Party will be liable to the other Party for failure to perform any of its obligations under this Agreement to the extent such performance is hindered, delayed or prevented by Force Majeure (except for failure to make payments hereunder).
10.2    A Party which is unable, in whole or in part, to carry out its obligations under this Agreement due to Force Majeure must provide notice to the other Party. Notwithstanding Article IX hereof, initial notice may be given orally; however, written notification with reasonably full particulars of the event or occurrence is required as soon as reasonably possible.
10.3    A Party claiming Force Majeure will diligently use all reasonable efforts to remove the cause, condition, event or circumstance of such Force Majeure, will promptly give written notice to the other Party of the termination of such Force Majeure, and will resume performance of any suspended obligation as soon as reasonably possible after termination of such Force Majeure.
10.4 For purposes of this Agreement, “Force Majeure” will mean causes, conditions, events or circumstances which are beyond the reasonable control of the Party claiming Force Majeure. Such causes, conditions, events and circumstances will include acts of God, strikes, lockouts or other industrial disturbances, acts of the public enemy, wars, blockades, insurrections, riots, epidemics, landslides, lightning, earthquakes, fires, storms, floods, washouts, arrests and restraints of rulers and people, arrests and restraints of the Government, either federal, state, or local, inability of any Party hereto to obtain necessary materials or supplies at reasonable market costs or permits due to existing or future rules, orders and laws of governmental or judicial authorities (federal, state, local, or otherwise), interruptions by government or court orders, present and future orders of any regulatory body having proper jurisdiction, civil disturbances, explosions, sabotage, partial or entire loss of market. Breakage of or accident to machinery or lines of pipe, the necessity for making repairs or alterations to machinery or lines of pipe, freezing of Wells or lines of pipe, partial or entire failure of Wells will be considered Force Majeure if the Party claiming Force Majeure has not caused the condition and the cause of the condition was out of the control of such Party. Force Majeure could include any other causes, whether of the kind herein enumerated or otherwise not within the 

21

control of the Party claiming suspension and which by the exercise of due diligence such Party is unable to overcome, such as the inability to acquire, or the delays in acquiring, at reasonable market cost and after the exercise of reasonable diligence, any servitude, right-of-way grants, permits, or licenses required to be obtained to enable a Party hereto to fulfill its obligations hereunder. Inability of a Party to be profitable or to secure funds, arrange bank loans or other financing, or to obtain credit will not be regarded as an event of Force Majeure.
ARTICLE XI
Regulations and Choice of Law
11.1    Each Party will comply with, and this Agreement is subject to all applicable valid orders, laws, rules and regulations of duly constituted governmental authorities having jurisdiction or control over the Parties, their facilities or Gas supplies, this Agreement, or any provisions hereof (collectively all or part referred to as “Law”).
11.2    As to all matters of construction and interpretation, this Agreement will be interpreted, construed and governed by the laws of the State of Texas without reference to the laws regarding conflicts or choice of law.
ARTICLE XII 
Warranty
12.1    Each Party warrants that the title to and right to possession of all Gas delivered to the other hereunder will at the time of delivery be free from all liens and adverse claims, and each Party shall indemnify the other Party against all damages, costs, and expenses of any nature arising from every claim against such Gas.
12.2    Gatherer may, in addition to and without waiving any other rights hereunder, immediately suspend its services hereunder in the event that it reasonably believes either (i) that there is a title dispute, or (ii) that any Dedicated Production is being produced or delivered in violation of applicable laws or regulations.

22

ARTICLE XIII 
Indemnity
13.1    Indemnities set out in this Article, unless specifically and unambiguously provided otherwise in this Agreement, shall exclusively govern and control the allocation of risks and liabilities of the Parties.
A.    Definitions — In this Agreement, specifically including, but not limited to, this Article XIII:
(1)    “Claim” or “Claims” means, unless specifically provided otherwise, all claims (including, but not limited to, those for property damage (specifically excluding Dedicated Production), pollution, personal injury) losses, causes of action, costs (including payment of attorneys’ fees and costs of litigation for enforcing this Agreement or otherwise), and judgments and damages (including any third party consequential and indirect damages), of any kind or character (except punitive or exemplary damages), under any theory of tort, contract, breach of contract (including any Claims which arise by reason of indemnification or assumption of liability contained in other Contracts entered into by Shipper Indemnitees or Gatherer Indemnitees), arising in connection with this Agreement.
(2)    “Shipper Indemnitees” means Shipper, its affiliated Person(s) (specifically excluding Gatherer Indemnitees) its and their co-owners, if any, and its and their officers, directors, insurers and all employees, supervisors, representatives, agents and other Person(s) or entities to be provided by Shipper and/or its subcontractors in connection with the performance of this Agreement.
(3)    “Gatherer Indemnitees” means Gatherer, its affiliated Person(s), and its and their officers, directors, insurers and all employees, supervisors, representatives, agents and other Person(s) to be provided by Gatherer and/or its subcontractors in connection with the performance of this Agreement (excluding any member of Shipper Indemnitees).

23

(4)    “Other Producer Group” means any Other Producer, its affiliate Person(s), its and their officers, directors, agents, representatives, employees, and other Person(s) or entities to be provided by Other Producer and/or its subcontractors in connection with delivery of Gas into the System and the invitees of each of the foregoing.
(5)    The term “REGARDLESS OF FAULT” means WITHOUT REGARD TO THE CAUSE OR CAUSES OF ANY CLAIM, INCLUDING, WITHOUT LIMITATION, A CLAIM CAUSED OR CONTRIBUTED TO BY THE NEGLIGENCE (WHETHER SOLE, CONCURRENT, GROSS, OR OTHERWISE), WILLFUL MISCONDUCT, STRICT LIABILITY, OR OTHER FAULT OF ANY MEMBER OF SHIPPER INDEMNITEES, GATHERER INDEMNITEES, INVITEES, AND/OR THIRD PARTIES.
B.    General — The Parties agree that:
(1)    NOTWITHSTANDING ANY PROVISION IN THIS AGREEMENT TO THE CONTRARY, THIS AGREEMENT DOES NOT AUTHORIZE ONE PARTY TO SUE FOR OR COLLECT FROM THE OTHER PARTY ITS OWN CONSEQUENTIAL, SPECIAL, INCIDENTAL, OR INDIRECT DAMAGES, AND EACH PARTY HEREBY WAIVES ANY AND ALL CLAIMS IT MAY HAVE AGAINST THE OTHER PARTY FOR ITS OWN SUCH DAMAGES. FURTHERMORE, THE INDEMNITY OBLIGATIONS CONTAINED IN THIS AGREEMENT DO NOT INCLUDE INDEMNIFICATION FOR PUNITIVE OR EXEMPLARY DAMAGES UNDER ANY LAW OR OTHERWISE.
(2)    The indemnity obligations under this Agreement are effective to the maximum extent permitted by law. If a law is applied in a jurisdiction which prohibits or limits a Party’s ability to indemnify the other, then that Party’s liability shall exist to the full extent allowed by the law of the relevant jurisdiction. In support of the indemnity obligations contained in this Agreement, each Party shall provide to the other Party for the benefit of the other Party, adequate proof of insurance, while this 

24

Agreement is in force, of coverage and amounts of General Liability Insurance of no less than $5,000,000 per occurrence, or adequate evidence of self-insurance reasonably acceptable to the other Party. Each Party shall also provide to the other Party notice containing all relevant information of any Claim for which it may seek indemnification, promptly after discovering any facts or occurrence that may give rise to such a Claim.
C.    Bodily Injury, Death, and Damage to Property of Gatherer and Gatherer’s Personnel: Notwithstanding anything to the contrary in the other provisions of this Agreement, GATHERER AGREES TO DEFEND, RELEASE, INDEMNIFY, AND HOLD HARMLESS SHIPPER INDEMNITEES AGAINST CLAIMS ARISING IN CONNECTION WITH: (I) BODILY INJURY TO AND/OR DEATH OF ANY MEMBER OF GATHERER INDEMNITEES AND THEIR INVITEES AND ANY MEMBER OF OTHER PRODUCER GROUP AND/OR (II) DAMAGE TO THE SYSTEM AND/OR PROPERTY OF GATHERER INDEMNITEES AND THEIR INVITEES AND ANY MEMBER OF OTHER PRODUCER GROUP ARISING IN CONNECTION WITH THIS AGREEMENT, REGARDLESS OF FAULT. HOWEVER, THIS INDEMNITY SHALL NOT APPLY TO THE EXTENT THE CLAIM DIRECTLY ARISES FROM OR IS INCURRED IN CONNECTION WITH SHIPPER DELIVERING ANY GAS INTO THE SYSTEM THAT IS NOT IN COMPLIANCE WITH THE GAS QUALITY REQUIREMENTS OF THIS AGREEMENT.
D.    Bodily Injury, Death, and Damage to Property of Shipper and Shipper’s Personnel and Gas not meeting Quality Requirements:  
Notwithstanding anything else to the contrary in the other provisions of this Agreement, SHIPPER AGREES TO DEFEND, RELEASE, INDEMNIFY, AND HOLD HARMLESS GATHERER INDEMNITEES AGAINST CLAIMS ARISING IN CONNECTION WITH: (I) BODILY INJURY TO AND/OR DEATH OF SHIPPER INDEMNITEES AND THEIR INVITEES; AND/OR (II) Subject to Subsection (G) of this Article XIII, DAMAGE TO PROPERTY OF SHIPPER INDEMNITEES AND THEIR INVITEES; AND/OR (III) 

25

DAMAGE TO THE SYSTEM AND/OR PROPERTY OF GATHERER INDEMNITEES AND THEIR INVITEES, AND ANY MEMBER OF OTHER PRODUCER GROUP, ARISING IN CONNECTION WITH THIS AGREEMENT OR WHICH IS INCURRED IN CONNECTION WITH SHIPPER DELIVERING ANY GAS INTO THE SYSTEM THAT IS NOT IN COMPLIANCE WITH THE QUALITY REQUIREMENTS OF THIS AGREEMENT, REGARDLESS OF FAULT.
E.    Pollution and Hazardous Materials and Substances:
(1)    Gatherer’s Responsibilities — Subject to the indemnity, obligations contained in Subsections (C)-(D) of this Article XIII, and notwithstanding anything to the contrary in the other provisions of this Agreement, GATHERER AGREES TO DEFEND, RELEASE, INDEMNIFY AND HOLD HARMLESS SHIPPER INDEMNITEES AGAINST CLAIMS ARISING OUT OF OR RESULTING FROM ANY UNAUTHORIZED RELEASE OR DISCHARGE OF ANY SUBSTANCE, MATERIAL, MIXTURE, POLLUTANT, OR CONTAMINANT, WHICH EMANATES FROM THE SYSTEM, GATHERER INDEMNITEES’ PROPERTY, AND/OR OTHER PRODUCER GROUP PROPERTY, REGARDLESS OF FAULT.
(2)    Shipper’s Responsibilities - Subject to the indemnity obligations contained in Subsections (C)-(D) of this Article XIII, and notwithstanding anything to the contrary in the other provisions of this Agreement, SHIPPER AGREES TO DEFEND, RELEASE, INDEMNIFY AND HOLD HARMLESS GATHERER INDEMNITEES AGAINST CLAIMS ARISING OUT OF OR RESULTING FROM ANY UNAUTHORIZED RELEASE OR DISCHARGE OF ANY SUBSTANCE, MATERIAL, MIXTURE, POLLUTANT, OR CONTAMINANT, WHICH EMANATES FROM SHIPPER INDEMNITEES’ PROPERTY, REGARDLESS OF FAULT.

26

F.    Liability to Third Parties:
(1)    Subject to Subsections (C)-(E) of this Article XIII, Shipper agrees to defend, release, indemnify and hold harmless Gatherer Indemnitees from and against Claims by or in favor of or incurred by or sustained by any Third Party to the extent such Claim is caused by Shipper Indemnitees.
(2)    Subject to Subsections (C)-(E) of this Article XIII, Gatherer agrees to defend, release, indemnify and hold harmless Shipper Indemnitees from and against Claims by or in favor of or incurred by or sustained by any Third Party to the extent such Claim is caused by Gatherer Indemnitees or any member of Other Producer Group.
G.    Risk of Loss:
Notwithstanding anything to the contrary in other provisions of this Agreement, and except if Shipper delivers Gas into the System that does not comply with the Gas Quality Requirements of this Agreement, risk of loss of Dedicated Production shall be borne by Gatherer from the Receipt Point(s) until such time as the Dedicated Production is delivered to the Delivery Point(s) and Gatherer shall defend, release, indemnify, and hold harmless Shipper Indemnitees from any loss of or damage to the Dedicated Production during such time, excepting Fuel and Loss, REGARDLESS OF FAULT.
H.    Title:
Title to the Dedicated Production (excluding Drip Condensate, which shall at all times be owned by Gatherer) shall at all times remain with Shipper or Purchaser, as applicable.
ARTICLE XIV 
Miscellaneous
14.1    Confidentiality: The Parties agree that this Agreement and all related information and data exchanged by them shall be maintained in strict and absolute confidence and no Party shall make any public disclosure thereof, except for disclosure (i) pursuant to the contemplated (in good faith) or actual sale, disposition or other transfer (directly or indirectly) of a Party’s rights and interest in 

27

and to this Agreement, the System, the Dedicated Production, or the Dedicated Area (ii) pursuant to the contemplated (in good faith) or actual sale or other transfer (directly or indirectly) of all or substantially all of the assets of a Party, (iii) in conjunction with a contemplated (in good faith) or actual merger, consolidation, share exchange or other form of statutory reorganization involving a Party, (iv) to co-owners of the System or the Dedicated Production, consultants, accountants, rating agencies, lenders, insurers, investors, attorneys or other representatives with a need to know such information, provided that the disclosing Party shall remain liable for any use or disclosure by such receiving Person(s) which the disclosing Party was not otherwise permitted to make pursuant to this Agreement, or (v) as required to make disclosure in compliance with any applicable Law or national securities exchange rule or requirement, in which event the disclosing Party shall notify the other Party as soon as practicable.
14.2    Amendment: Any modification of terms or amendments of provisions of this Agreement will become effective only by duly executed supplemental written agreement between the Parties.
14.3    Waiver: No waiver by either Party of any default of the other under this Agreement will operate as a waiver of any future default, whether of a like or a different character.
14.4    Taxes: Shipper will be solely responsible for all taxes levied on its property, and severance, production, sales and other similar taxes levied on the Dedicated Production delivered hereunder. Gatherer will be solely responsible for all taxes levied on its System or on its operations and/or receipts hereunder.
14.5    Assignment: Either Party is entitled to assign its rights, obligations or interests under this Agreement to affiliated Person(s), which shall include, but not be limited to, a master limited partnership related to a Party and/or such master limited partnership’s subsidiaries and affiliates. Neither Party can assign its rights, obligations or interests under this Agreement to a non-affiliate without the prior written consent of the non-assigning Party, which consent will not be unreasonably withheld or delayed. Shipper shall promptly, within ten (10) Days of its effective date, notify Gatherer of any assignment. Whether such notification has occurred, any assignment by Shipper shall not impair any dedication or commitment of production, Gas or Wells under this Agreement. Shipper shall notify any assignee in writing of such dedication or commitment pursuant to this Agreement, and shall ensure that the same remains in effect during the term and in accordance with this 

28

Agreement. Any such assignment shall not impair Gatherer’s rights under this Agreement against Shipper.
14.6    Access: Shipper hereby grants to Gatherer such rights as it may have of ingress and egress, the right to lay and maintain pipelines, and to install any other necessary equipment on and across any lands covered by this Agreement. All lines and other equipment placed by Gatherer on said lands will remain the personal property of Gatherer, and subject to the terms of this Agreement, may be removed by Gatherer at any time.
14.7    Severability: If any provision or clause of this Agreement or application thereof to any Person(s) or circumstance is held invalid, such invalidity will not affect those other provisions or applications of this Agreement which can be given reasonable meaning without the invalid provisions or applications.
14.8    Royalties: Gatherer shall not be liable for accounting for or paying any royalties due on the Gas delivered under this Agreement. In no event will Gatherer have any obligation to any Persons due those royalties.
14.9    Entire Agreement: This Agreement constitutes the entire agreement between the Parties and no waiver, representation, or agreement, oral or otherwise, will affect the subject matter hereof unless and until such waiver, representation or agreement is reduced to writing and executed by authorized representatives of the Parties.
14.10    Creditworthiness: If either Party has reasonable grounds for insecurity regarding the performance of any obligation under this Agreement (whether or not then due) by the other Party (including, without limitation, the occurrence of a material change in the creditworthiness of that Party), the concerned Party may demand Adequate Assurance of Performance, which shall be furnished within five (5) Days of such demand. “Adequate Assurance of Performance” shall mean sufficient security in the form, amount and for the term reasonably acceptable to the concerned Party, including, but not limited to, a standby irrevocable letter of credit, a prepayment, or a performance bond or guaranty (including the issuer of any such security).

29

EXHIBIT A
DEDICATED AREA AND WELLS
The Dedicated Wells are producing Wells in which Shipper now or hereafter owns or controls Gas and which are connected to the System now or in the future. The Dedicated Area will extend to the greater of a one mile distance from (a) the Dedicated Wells, or (b) the existing System. The Dedicated Area will expand as Dedicated Wells are added and the System is expanded to connect the Dedicated Wells. This dedication is not intended to be a covenant running with the land.

30

EXHIBIT B
GAS QUALITY REQUIREMENTS
Gas delivered by Shipper to each Receipt Point shall:
		
	1)
	not contain more than five (5) grains of total sulphur) per one hundred (100) Cubic feet of Gas and shall not contain more than one-quarter (IA) of one (1) grain of hydrogen sulfide per one hundred (100) Cubic feet of Gas.

		
	2)
	not contain any measurable oxygen or mercury and shipper shall make every effort to keep Gas free from such contaminants.

		
	3)
	not contain more than two percent (2%) by volume of carbon dioxide.

		
	4)
	not contain more than two percent (2%) by volume of nitrogen.

		
	5)
	not contain more than four percent (4%) by volume of a combined total of inerts, carbon dioxide, nitrogen and other inert components, including helium, neon, and argon.

		
	6)
	be commercially free of water and hydrocarbons in a liquid state.

		
	7)
	have a temperature of not less than forty degrees (40°) Fahrenheit nor greater than one hundred twenty degrees (120°) Fahrenheit.

		
	8)
	contain no active bacteria or bacterial agent, including but not limited to sulphate reducing bacteria and acid producing bacteria, or any hazardous or toxic substances.

		
	9)
	have a total or gross Heating Value of not less than nine hundred fifty (950) Btu per cubic foot and not more than one thousand one hundred fifty (1400) Btu per cubic foot.

		
	10)
	be commercial in quality and free from any foreign materials such as dirt, dust, iron particles, crude oil, dark condensate, free water and other similar matter and substances which may be injurious to pipelines, meters or other facilities, or which may interfere with the processing, transmission or commercial utilization of said Gas.

		
	11)
	not contain mercaptans in excess of five parts per million (5 ppm) by volume.

		
	12)
	be free from all hazardous waste as that term is defined in the Resources Conservation and Recovery Act, 42 USC § 690.1, et seq.

31

		
	13)
	In addition to the water quality specifications set forth in this Agreement, Shipper shall be responsible to ensure that each Receipt Point is equipped with the necessary dehydration facilities to reduce the water content of the Gas received at such Receipt Point to seven pounds of water per one million cubic feet or less, unless, however, alternative arrangements have been made by Shipper with Gatherer to have Shipper’s Gas dehydrated downstream of such Receipt Point in existing facilities owned by Gatherer or other existing treating arrangements that Gatherer may have with Third Parties. If the water content of the Gas received at a Receipt Point exceeds seven pounds per one million cubic feet, then either the Heating Value so determined for such Receipt Point or the volume calculated for such Receipt Point shall be adjusted for water content at the “as delivered” conditions for the purpose of determining the Btu Content of Shipper’s Gas. If, however, Shipper delivers its Gas at a Receipt Point at seven pounds of water per one million cubic feet or less, then no such water content adjustments shall be made for purposes of determining the Btu Content of Shipper’s Gas.

32

EXHIBIT C
RECEIPT POINTS
	
			
	METER
	METER NAME
	OPERATOR NAME

	***
	***
	SANDLIN OIL CORP

	***
	***
	SANDLIN OIL CORP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	SANDLIN OIL CORP

	***
	***
	SANDLIN OIL CORP

	***
	***
	SANDLIN OIL CORP

	***
	***
	ENCANA OIL & GAS (USA) INC.

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	SANDLIN OIL CORP

	***
	***
	SANDLIN OIL CORP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	SANDLIN OIL CORP

	***
	***
	SANDLIN OIL CORP

	***
	***
	SANDLIN OIL CORP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

33

	
			
	METER
	METER NAME
	OPERATOR NAME

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

34

	
			
	METER
	METER NAME
	OPERATOR NAME

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

35

	
			
	METER
	METER NAME
	OPERATOR NAME

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

36

	
			
	METER
	METER NAME
	OPERATOR NAME

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
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	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

37

	
			
	METER
	METER NAME
	OPERATOR NAME

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	NOBLE ENERGY, INC.

	***
	***
	NOBLE ENERGY, INC.

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	NOBLE ENERGY, INC.

	***
	***
	NOBLE ENERGY, INC.

	***
	***
	KERR MCGEE OIL 7 GAS ONSHORE LP

	***
	***
	NOBLE ENERGY, INC.

	***
	***
	NOBLE ENERGY, INC.

	***
	***
	KERR MCGEE OIL 7 GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL 7 GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL 7 GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL 7 GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL 7 GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL 7 GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL 7 GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL 7 GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL 7 GAS ONSHORE LP

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	***
	KERR MCGEE OIL 7 GAS ONSHORE LP

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	KERR MCGEE OIL 7 GAS ONSHORE LP

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	***
	KERR MCGEE OIL 7 GAS ONSHORE LP

38

	
			
	METER
	METER NAME
	OPERATOR NAME

	***
	***
	KERR MCGEE OIL 7 GAS ONSHORE LP

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	***
	KERR MCGEE OIL 7 GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL 7 GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL 7 GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL 7 GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL 7 GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL 7 GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	NOBLE ENERGY, INC

	***
	***
	NOBLE ENERGY, NC

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR-MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR-MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR-MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR-MCGEE OIL & GAS ONSHORE LP

	***
	***
	ENCANA OIL & GAS (USA) INC.

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	NOBLE ENERGY, INC

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

39

	
			
	METER
	METER NAME
	OPERATOR NAME

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OW & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

40

	
			
	METER
	METER NAME
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	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
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	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
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	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

41

	
			
	METER
	METER NAME
	OPERATOR NAME

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

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	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

42

	
			
	METER
	METER NAME
	OPERATOR NAME

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL 7 GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL 7 GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL 7 GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL 7 GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL 7 GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL 7 GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL 7 GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL 7 GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL 7 GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL 7 GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL 7 GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL 7 GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL 7 GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL 7 GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL 7 GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL 7 GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL 7 GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL 7 GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL 7 GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL 7 GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL 7 GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL 7 GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL 7 GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL 7 GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL 7 GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL 7 GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL 7 GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL 7 GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL 7 GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL 7 GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL 7 GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

43

	
			
	METER
	METER NAME
	OPERATOR NAME

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

44

	
			
	METER
	METER NAME
	OPERATOR NAME

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

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	***
	KERR MCGEE OIL & GAS ONSHORE LP

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	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	ENCANA OIL & GAS (USA) INC.

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

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	***
	KERR MCGEE OIL & GAS ONSHORE LP

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	***
	KERR MCGEE OIL & GAS ONSHORE LP

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	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

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	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

45

	
			
	METER
	METER NAME
	OPERATOR NAME

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

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	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	ENCANA OIL & GAS (USA) INC.

	***
	***
	K P KAUFFMAN COMPANY INC.

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

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	KERR MCGEE OIL & GAS ONSHORE LP

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	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

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	KERR MCGEE OIL & GAS ONSHORE LP

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	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	ENCANA OIL & GAS (USA) INC.

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	ENCANA OIL & GAS (USA) INC.

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	ENCANA OIL & GAS (USA) INC.

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

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	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

46

	
			
	METER
	METER NAME
	OPERATOR NAME

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
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	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	ENCANA OIL & GAS (USA) INC.

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

47

	
			
	METER
	METER NAME
	OPERATOR NAME

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	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	H L WILLETT

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	ENCANA OIL & GAS (USA) INC.

	***
	***
	ENCANA OIL & GAS (USA) INC.

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

48

	
			
	METER
	METER NAME
	OPERATOR NAME

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	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
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	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

49

	
			
	METER
	METER NAME
	OPERATOR NAME

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	ENCANA OIL & GAS (USA) INC.

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	NOBLE ENERGY INC.

	***
	***
	NOBLE ENERGY, INC.

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

50

	
			
	METER
	METER NAME
	OPERATOR NAME

	***
	***
	ENCANA OIL & GAS (USA) INC.

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	NOBLE ENERGY, INC.

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	SANDLIN OIL CORP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	ENCANA OIL & GAS (USA) INC.

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	ENCANA OIL & GAS (USA) INC.

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

51

	
			
	METER
	METER NAME
	OPERATOR NAME

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	NOBLE ENERGY, INC

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

52

	
			
	METER
	METER NAME
	OPERATOR NAME

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	ENCANA OIL & GAS (USA) INC.

	***
	***
	ENCANA OIL & GAS (USA) INC.

	***
	***
	ENCANA OIL & GAS (USA) INC.

	***
	***
	ENCANA OIL & GAS (USA) INC.

	***
	***
	ENCANA OIL & GAS (USA) INC.

	***
	***
	ENCANA OIL & GAS (USA) INC.

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

53

	
			
	METER
	METER NAME
	OPERATOR NAME

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	NOBLE ENERGY, INC.

	***
	***
	ENCANA OIL & GAS (USA) INC.

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	ENCANA OIL & GAS (USA) INC.

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

54

	
			
	METER
	METER NAME
	OPERATOR NAME

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	ENCANA OIL & GAS (USA) INC.

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

55

	
			
	METER
	METER NAME
	OPERATOR NAME

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	ENCANA OIL & GAS (USA) INC.

	***
	***
	ENCANA OIL & GAS (USA) INC.

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	ENCANA OIL & GAS (USA) INC.

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	MERIT ENERGY COMPANY

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	ENCANA OIL & GAS (USA) INC.

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

56

	
			
	METER
	METER NAME
	OPERATOR NAME

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	ENCANA OIL & GAS (USA) INC.

	***
	***
	ENCANA OIL & GAS (USA) INC.

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	ENCANA OIL & GAS (USA) INC.

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	PETROLEUM DEVELOPMENT CORPORATION

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	ENCANA OIL & GAS (USA) INC.

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	PETROLEUM DEVELOPMENT CORPORATION

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	ENCANA OIL & GAS (USA) INC.

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

57

	
			
	METER
	METER NAME
	OPERATOR NAME

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	ENCANA OIL & GAS (USA) INC.

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	NOBLE ENERGY, INC

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	NOBLE ENERGY, INC

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	NOBLE ENERGY, INC

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

58

	
			
	METER
	METER NAME
	OPERATOR NAME

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	NOBLE ENERGY, INC

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR-MCGEE OIL & GAS ONSHORE LP

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

	***
	***
	ENCANA OIL & GAS (USA) INC.

	***
	***
	KERR MCGEE OIL & GAS ONSHORE LP

59

EXHIBIT D
DELIVERY POINTS
Gas:
o    BP America Inc. — BP Plant inlet
o    EnCana — Fort Lupton Plant inlet
o    Kerr-McGee Gathering LLC — Fort Lupton Plant Residue Gas tailgate
o    DCP — Spindle inlet
o    AKA — Gilcrest inlet
o    Kerr-McGee Gathering LLC — Fuel Gas delivery meter to Shipper’s oil polishing facility

Plant Products: 
o    Kerr-McGee Gathering LLC — Fort Lupton Plant Products tailgate meter

Field Condensate: 
o    Kerr-McGee Gathering LLC operated field condensate collection points

Slug Liquid: 
o    BP America Inc. — BP Plant tailgate liquid meter
 

60

EXHIBIT E 
NOMINATION, CONFIRMATION AND BALANCING PROCEDURES
Nomination
If Shipper desires gathering service in any Month, Shipper must submit nominations to Gatherer indicating the quantity of Gas to be delivered to Gatherer at each Receipt Point in MMBtu per Day, hereinafter referred to as the “Receipt Nomination”, and the quantity of Gas to be delivered to Shipper’s Transporter or downstream customer at each Delivery Point in MMBtu per Day, hereinafter referred to as the “Delivery Nomination”. The Delivery Nomination must be equal to the Receipt Nomination, less deductions identified herein.
All nominations for “first of the Month” gathering service must be received by Gatherer in accordance with Gatherer’s Nomination Schedule, a copy of which shall be provided to Shipper by Gatherer. All nominations for “mid-Month” gathering service must be submitted to Gatherer no later than 7:00 am CST (6:00 am MST) on the business Day prior to requested service. All nominations are subject to nomination and confirmation deadlines on upstream and downstream pipelines, as applicable.
Shipper has the right to change nominations daily, so long as Shipper submits revised nominations to Gatherer no later than 7:00 am CST (6:00 am MST) on the business Day prior to the effective date of the requested service.
All nominations are subject to confirmation by Gatherer. Gatherer’s nomination forms may include other information required by Gatherer to confirm Shipper’s nomination with Shipper’s Transporter, downstream customer, and/or Receipt Point(s) operator.
If Gatherer is unable to confirm Shipper’s nomination for any Receipt Point(s) on the System, Shipper’s nomination as to the affected Receipt Point(s) will be reduced to the quantity confirmed by Gatherer. Gatherer will notify Shipper of any such nomination change(s).
 

61

Balancing
Any monthly imbalance between nominations and actuals shall be accounted for and administered in accordance with the following terms and conditions:
Gatherer and Shipper intend that the quantities of Gas actually delivered and received each Day under this Agreement will equal the confirmed nominations. Any difference between the aggregate quantity of Gas nominated and the aggregate quantity of Gas actually delivered on any given Day shall constitute the “Daily Operational Imbalance”.
During any given Month, operational metered quantities (MMBtus) shall be used by Gatherer on a daily basis, as available, to determine the Daily Operational Imbalance, if any, for any given Day. Upon notification by Gatherer, Shipper shall promptly make, or cause to be made, such physical flow adjustments as may be necessary in order to prevent, reduce, or eliminate any Daily Operational Imbalance.
The sum of the Daily Operational Imbalances for each Day in a given Month shall constitute the “Monthly Operational Imbalance” for such Month. The Monthly Operational Balance shall be cashed out as follows:
(A)    Excess Receipts. When the actual quantity of Gas received at a Receipt Point, less Fuel and Loss, exceeds the confirmed Delivery Nomination, the excess quantity of Gas is hereinafter referred to as “Excess Receipts”. If Excess Receipts are equal to or less than five percent (5%) of confirmed Delivery Nominations, the Excess Receipts shall be sold by Shipper and purchased by Gatherer at a purchase price equal to one hundred percent (100%) of the First of the Month Price for Colorado Interstate Gas for the location specified in the Commercial Terms, as reported in Platt’s Inside FERC in the Month in which the imbalance occurred (“Cash Out Price”). The amount of Excess Receipts greater than five percent (5%) shall be sold by Shipper and purchased by Gatherer at a purchase price equal to eighty percent (80%) of the Cash Out Price. In the event Platts Inside FERC First of the Month Price for Colorado Interstate Gas ceases to be published or fails to report the necessary index price, Gatherer shall notify Shipper of the substitute index price to be used.
(B)    Excess Deliveries. When the actual quantity of Gas received at a Receipt Point, less Fuel and Loss, is less than the confirmed Delivery Nomination, the excess quantity of Gas is hereinafter referred to as “Excess Deliveries”. If Excess Deliveries are equal to or less than five 

62

percent (5%) of confirmed Delivery Nominations, the Excess Deliveries shall be sold by Gatherer and purchased by Shipper at one hundred percent of the Cash Out Price. The amount of Excess Deliveries greater than five percent (5%) shall be sold by Gatherer and purchased by Shipper at one hundred and twenty percent (120%) of the Cash Out Price. In the event Platts Inside FERC First of the Month Price for Colorado Interstate Gas ceases to be published or fails to report the necessary index price, Gatherer shall notify Shipper of the substitute index price to be used.
In the event of assignment or termination of this Agreement, the Parties agree to cash out any existing imbalance according to the terms and methodology above within five (5) Days thereof.
 

63

EXHIBIT F 
KMGG WATTENBERG SYSTEM
CURTAILMENT PROCEDURES
Gatherer shall have the right to curtail all gathering service, in whole or in part on all or any portion or portions of its System, at any time (i) for reasons of Force Majeure incurred by Gatherer or Shipper’s Transporter, or (ii) when, in Gatherer’s reasonable judgment, capacity or operating conditions so require, or (iii) when it is desirable or necessary to make modifications, repairs or operating changes to the System. Gatherer shall provide Shipper such notice of the curtailment as is reasonable under the circumstances.
Gatherer will use reasonable efforts to identify and curtail only those Shippers whose Gas is nominated through the Receipt Point(s), or any portion or portions of the System, which are subject to curtailment. All curtailments will be made ratably for all affected Shippers, in accordance with each such Shipper’s confirmed nominations.
As used herein, the term “ratably” shall mean that available capacity shall be allocated by Gatherer to all affected shippers based on the percentage derived by dividing each affected shipper’s confirmed quantity of Gas nominated by the total confirmed quantity of Gas nominated by all affected shippers. Gatherer shall determine the available capacity in the System, or affected portions of the System, and the effective time and date of any such curtailment, while taking into account safety and operational flexibility considerations.
Gatherer shall provide Shipper with notice of curtailment or interruption at a time and in a manner that is reasonable under then existing conditions (“Curtailment Order”), and shall in any event confirm in writing or by facsimile transmission the notice given, if originally provided by telephone.
Shipper shall have the responsibility to inform Shipper’s Transporter, downstream customers, end-users, suppliers, and all others involved or affected by any curtailment or interruption described in Gatherer’s Curtailment Order.
 
Gatherer shall have the right, without liability to Shipper, to interrupt the gathering of Gas for Shipper, when necessary to test, alter, modify, enlarge, or repair any facility or property 

64

comprising a part of, or appurtenant to, its System, or otherwise related to the operation thereof. Gatherer shall endeavor to cause a minimum of inconvenience to Shipper. Except in cases of unforeseen emergency, Gatherer shall give advance notice to Shipper of its intention to interrupt the gathering of Gas, stating the anticipated timing and magnitude of each such interruption.
Shipper shall indemnify Gatherer against and hold Gatherer harmless from any and all damages, claims, suits, actions or proceedings whatsoever threatened or initiated as a result of any curtailment or interruption invoked by Gatherer, which shall include any curtailment or interruption described in any of part of this Exhibit F. Shipper shall not be required to indemnify Gatherer as stated above to the extent that the curtailment or interruption is a result of Gatherer’s gross negligence, bad faith or willful misconduct.

65

Contract #8840

AMENDMENT 
to 
GAS GATHERING AGREEMENT     
THIS AMENDMENT to that certain Gas Gathering Agreement dated July 1, 2010, as amended (the "Agreement") is made and entered into this 4th day of August, 2011 to be effective July 1, 2011, by and between KERR-MCGEE GATHERING LLC ("Gatherer") and KERR-MCGEE OIL AND GAS ONSHORE LP ("Shipper").
RECITALS
WHEREAS, said Agreement was heretofore executed between Gatherer and Shipper; and
WHEREAS, Gatherer and Shipper desire to amend the Agreement as provided herein.
AGREEMENT
NOW, THEREFORE, in consideration of the mutual covenants contained in the Agreement and this Amendment, Gatherer and Shipper agree as follows:
		
	I.
	Section 3. Service Level and Rates Paragraphs A. and B. are amended by replacing "Fort Lupton Plant" with "Fort Lupton Plant and the Platte Valley Plant" wherever "Fort Lupton Plant" appears.

		
	II.
	Section 3. Service Level and Rates Paragraph C. is amended by adding the following sentence after the first sentence: "In addition, Shipper will pay Gatherer a processing fee of $*** per MMBtu for Gas delivered to the Platte Valley Plant Delivery Point."

		
	III.
	Section 6. Special Provisions Paragraph A. is amended by deleting the Definition of "Fort Lupton Plant" in its entirety and replacing it with the following:

"Fort Lupton Plant" means the Fort Lupton Processing Plant operated by Gatherer located in Section 14, Township 2 north, Range 66 west, Weld County, Colorado where Shipper's Gas is delivered for processing.
		
	IV.
	Section 6. Special Provisions Paragraph A. is amended by adding the following Definition:

"Platte Valley Plant" means the Platte Valley Processing Plant operated by Gatherer located in Section 11, Township 2 north, Range 66 west, Weld County, Colorado where Shipper's Gas is delivered for processing.
		
	V.
	Section 6. Special Provisions Paragraph A. is amended by deleting the Definition of "Residue Gas" in its entirety and replacing it with the following: "Residue Gas" 

1

means that portion of the Gas delivered to the Fort Lupton Plant and to the Platte Valley Plant that remains as a Gas after processing."
		
	VI.
	Section 6. Special Provisions Paragraph B. is deleted in its entirety and replaced with the following: "The Fort Lupton Plant allocation and the Platte Valley Plant allocation will be based on Shipper's respective pro rata shares of the volumes received at the plants. The Fort Lupton Plant volumes and the Platte Valley Plant volumes will be determined as the sum of all metered volumes leaving each plant respectively, including but not limited to volumes measured at fuel, flare, Plant Products and Residue Gas meters. Residue Gas will be returned to Shipper for its account at the tailgate of the Fort Lupton Plant and the tailgate of the Platte Valley Plant after all Heating Value reductions incidental to the processing."

		
	VII.
	EXHIBIT D to the Agreement, DELIVERY POINTS, is amended by deleting the following Delivery Point under the heading "Gas" in its entirety:

o    EnCana — Fort Lupton Plant Inlet 
and replacing it with the following:
o    Kerr-McGee Gathering LLC — Platte Valley Plant Inlet
		
	VIII.
	EXHIBIT D to the Agreement, DELIVERY POINTS, is amended to add the following Delivery Point under the heading "Plant Products:"

o    Kerr-McGee Gathering LLC — Platte Valley Plant Products tailgate meter
All other provisions of the Agreement shall remain in full force and effect as originally written or previously amended.

2

IN WITNESS WHEREOF, this Amendment may be executed in any number of counterparts, each of which shall be considered an original.
KERR-MCGEE GATHERING LLC

By:    /s/ Don Sinclair
WES President & CEO

KERR-MCGEE OIL AND GAS ONSHORE LP

By:    /s/ John D. Ford III

Name:    John D. Ford III

Title:    General Manager Wattenberg

3

Contract #8840

SECOND AMENDMENT 
to 
GAS GATHERING AGREEMENT    
THIS SECOND AMENDMENT to that certain Gas Gathering Agreement dated July 1, 2010 as amended (the "Agreement") is made and entered into this     3rd day of December, 2012 to be effective October 1, 2012 ("Effective Date") by and between the parties to the Agreement, KERR-MCGEE GATHERING LLC ("Gatherer") and KERR-MCGEE OIL & GAS ONSHORE LP ("Shipper").
RECITALS
WHEREAS, said Agreement was previously executed and later amended by and between Gatherer and Shipper; and,
WHEREAS, Gatherer and Shipper desire to further amend the Agreement as provided herein. 
AGREEMENT
NOW, THEREFORE, in consideration of the mutual covenants contained in the Agreement and this Amendment, Gatherer and Shipper agree as follows:
Section 6 of the Agreement, Special Provisions, Paragraph E, is deleted in its entirety and replaced by the following:
"Article II of the General Terms and Conditions, Well Connections, is hereby modified to state:
2.1 (a) Vertical/Directional Well Connections. Shipper may provide to Gatherer, on a quarterly basis, a report containing Shipper's planned drilling and completion schedules for the Dedicated Area. Subject to the terms of this Agreement, Gatherer may use the information contained in such quarterly reports to schedule commencement of acquisition of rights-of-way and other services required to connect the Wells that Shipper has requested be connected in accordance with the drilling and completion schedule. In the event Shipper provides Gatherer with a request for a well connection, the request will contain Shipper's best estimate of the date of first production for a specified Well, and Gatherer will use reasonable commercial efforts to ensure that the Well is connected to the System by the date requested by Shipper.
Gatherer will construct, own, operate and maintain the connection and Receipt Point facilities required to receive and measure Gas delivered by Shipper at the Receipt Point(s) in accordance with system pressure obligations addressed in Article I, Paragraph 1.2 of the General Terms and Conditions of the Agreement. At Receipt Points where 100% of the Gas to be delivered by Shipper is attributable to Shipper's interest, Gatherer shall bear up to  *** of the cost to install the Receipt 

1

Point connection facilities for each such connection ("Connection Cost Contribution"). Any third party portion of the connection cost will be paid as set forth in such third party's contract with Gatherer. For a new Receipt Point requiring connection facilities costing more than the Connection Cost Contribution amount stated above, Shipper and Gatherer must mutually agree to the terms and conditions for each such Receipt Point connection prior to commencement of the installation of the connection facilities.
2.1(b) Horizontal Well Connections Authorized After the Effective Date. For all horizontal well pads located in Townships ***, *** *** *** and Ranges ***, ***, *** *** *** in Weld County, Colorado, Shipper will pay Gatherer a *** Meter Installation Charge for each horizontal well pad connected. *** *** *** *** *** *** *** *** gas pipelines from the well pads to Gatherer's System. Any horizontal well pad connection outside of the area defined in this paragraph above shall be separately negotiated between Gatherer and Shipper but, in every case, Shipper will pay the Meter Installation Charge to Gatherer.
All other provisions of the Agreement shall remain in full force and effect as originally written or previously amended.
IN WITNESS WHEREOF, this Amendment may be executed in any number of counterparts, each of which shall be considered one original and the same amendment.
KERR-MCGEE GATHERING LLC

By:    /s/ Danny J. Rea

Name:    Danny J. Rea

Title:    Vice President

KERR-MCGEE OIL & GAS ONSHORE LP

By:    /s/ John D. Ford III

Name:    John D. Ford III

Title:    GM Wattenberg

By:    /s/ Brian J. Smith

Name:    Brian J. Smith

Title:    Sub Surface Manager

2

Contract #8840

AMENDMENT TO GAS GATHERING AGREEMENT

THIS AMENDMENT to that certain Gas Gathering Agreement dated July 27, 2010 herein referred to as the “Agreement”, is made and entered into this _19th_ day of _November_, 2013, to be effective as of the 1st day of August, 2013, by and between KERR-MCGEE GATHERING LLC (“Gatherer”) and KERR-MCGEE OIL & GAS ONSHORE LP (“Shipper”).  Gatherer and Shipper may be referred to individually as “Party”, or collectively as “Parties”.

RECITALS

WHEREAS, Gatherer and Shipper are the current parties to said Agreement; and,

WHEREAS, Gatherer and Shipper desire to amend EXHIBIT D to the Agreement, DELIVERY POINTS.

AGREEMENT

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Gatherer and Shipper agree as follows:

EXHIBIT D, DELIVERY POINTS is deleted in its entirety and replaced by the amended EXHIBIT D, DELIVERY POINTS attached hereto.

All other provisions of the Agreement shall remain in full force and effect as originally written or previously amended.

IN WITNESS WHEREOF, the Parties have duly executed this Amendment as of the day and year first above written.

		
	KERR-MCGEE GATHERING LLC
	KERR-MCGEE OIL & GAS ONSHORE LP

By:      /s/ Mike M. Ross          By:       /s/ Craig R. Walters  

Name:       Mike M. Ross        Name:       Craig R. Walters

Title:       General Manager        Title:        Director, Wattenberg

1

Amended

EXHIBIT D

Attached to and Made a Part of that Certain
Gas Gathering Agreement
between
Kerr-McGee Gathering LLC, as “Gatherer”
and
Kerr-McGee Oil and Gas Onshore LP, as “Shipper”

Effective:  August 1, 2013

DELIVERY POINTS

Gas:
		
	•
	AKA – Gilcrest inlet

		
	•
	WGR Asset Holding Company LLC – Wattenberg Plant inlet

		
	•
	DCP – Hambert

		
	•
	DCP – Spindle inlet

		
	•
	Kerr-McGee Gathering LLC – Fort Lupton Plant Reside Gas tailgate

		
	•
	Kerr-McGee Gathering LLC – Fuel Gas delivery meter to Shipper’s oil polishing facility

		
	•
	Kerr-McGee Gathering LLC – Platte Valley Plant Inlet

Plant Products:
		
	•
	Kerr-McGee Gathering LLC – Fort Lupton Plant Products tailgate meter

		
	•
	Kerr-McGee Gathering LLC – Platte Valley Plant Products tailgate meter

Field Condensate:
		
	•
	Kerr-McGee Gathering LLC operated field condensate collection point

Slug Liquid:
		
	•
	WGR Asset Holding Company LLC – Wattenberg Plant tailgate liquid meter

2

Contract #8840     

AMENDMENT TO GAS GATHERING AGREEMENT
THIS AMENDMENT to that certain Gas Gathering Agreement dated July 27, 2010 herein referred to as the "Agreement", is made and entered into this 2nd day of June, 2014, to be effective the 1st day of April, 2014 by and between KERR-MCGEE GATHERING LLC ("Gatherer") and KERR-MCGEE OIL AND GAS ONSHORE LP ("Shipper"). Gatherer and Shipper may be referred to individually as "Party", or collectively as "Parties".
RECITALS
WHEREAS, Gatherer and Shipper are the current parties to said Agreement; and,
WHEREAS, Buyer and Seller desire to amend EXHIBIT D to the Agreement, DELIVERY POINTS.
AGREEMENT
NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Gatherer and Shipper agree as follows:
EXHIBIT D, DELIVERY POINTS is deleted in its entirety and replaced by the amended EXHIBIT D, DELIVERY POINTS attached hereto.
All other provisions of the Agreement shall remain in full force and effect as originally written or previously amended.
IN WITNESS WHEREOF, the Parties have duly executed this Amendment as of the day and year first above written.
	
		
	KERR-MCGEE GATHERING LLC
	KERR-MCGEE OIL AND GAS ONSHORE LP

	 
	 

	By:   /s/ Michael M. Ross
	By:    /s/ Craig R. Walters

	 
	 

	Name:   Michael M. Ross
	Name:   Craig R. Walters

	 
	 

	Title:   General Manager
	Title:   Director, Wattenberg

1

Amended 
EXHIBIT D
Attached to and Made a Part of that Certain  
Gas Gathering Agreement  
between  
Kerr-McGee Gathering, LLC, as "Gatherer"  
and  
Kerr-McGee Oil and Gas Onshore LP, as "Shipper"
Effective: April 1, 2014 
DELIVERY POINTS
Gas:
o    AKA — Gilcrest inlet
o    BP America Inc. — BP Plant inlet
o    DCP — Hambert
o    DCP - Platteville
o    DCP — Spindle inlet
o    Kerr-McGee Gathering LLC — Fort Lupton Plant Residue Gas tailgate
o    Kerr-McGee Gathering LLC — Fuel Gas delivery meter to Shipper's oil polishing facility
o    Kerr-McGee Gathering LLC — Platte Valley Plant Inlet

Plant Products: 
o    Kerr-McGee Gathering LLC — Fort Lupton Plant Products tailgate meter
o    Kerr-McGee Gathering LLC — Platte Valley Plant Products tailgate meter

Field Condensate: 
o    Kerr-McGee Gathering LLC operated field condensate collection points

Slug Liquid: 
o    BP America Inc. — BP Plant tailgate liquid meter

2Exhibit 10.1 - NREI II REIT SDA

Exhibit 10.1

NORTHSTAR REAL ESTATE INCOME II, INC.
UP TO $1,650,000,000 OF COMMON STOCK: 
SELECTED DEALER AGREEMENT

February 20, 2015

 

SELECTED DEALER AGREEMENT

Ameriprise Financial Services, Inc.
369 Ameriprise Financial Center
Minneapolis, MN  55474

Ladies and Gentlemen:
Each of NorthStar Real Estate Income II, Inc., a Maryland corporation (the “Company”), NorthStar Realty Securities, LLC, a Delaware limited liability company (the “Dealer Manager”), NSAM J-NSII Ltd, a Jersey limited company (the “Advisor”), and NorthStar Asset Management Group Inc., a Delaware corporation (the “Sponsor”),hereby confirms its agreement with Ameriprise Financial Services, Inc., a Delaware corporation (“Ameriprise”), as follows:
1.Introduction.  This Selected Dealer Agreement (the “Agreement”) sets forth the understandings and agreements  whereby Ameriprise will offer and sell on a best efforts basis for the account of the Company shares of common stock (the “Common Stock”),  par value $.01 per share (each a “Share,” and collectively, the “Shares”), of the Company registered pursuant to the Registration Statement (as defined below) at the per share price set forth in the Registration Statement from time to time (subject to certain volume and other discounts described therein) (the “Offering”), which Offering includes Shares being offered pursuant to the Company’s Distribution Reinvestment Plan (the “DRIP”).  The Shares are more fully described in the Registration Statement defined below.  
Ameriprise is hereby invited to act as a selected dealer for the Offering, subject to the other terms and conditions set forth below.  
2.Representations and Warranties of the Company, the Dealer Manager, the Advisor and the Sponsor.  
The Company, the Dealer Manager, the Advisor and the Sponsor (collectively, the “Issuer Entities”), jointly and severally, represent, warrant and covenant with Ameriprise for Ameriprise’s benefit that, as of the date hereof and at all times during the term of this Agreement: 
(a)Registration Statement and Prospectus.  The Company has filed with the Securities and Exchange Commission (the “Commission”) an effective registration statement on Form S-11 (File No. 333-185640), for the registration of up to $1,650,000,000 in Shares under the Securities Act of 1933, as amended (the “Securities Act”) and the regulations thereunder (the “Regulations”).  The registration statement, as amended, and the prospectus, as amended or supplemented, on file with the Commission at the Effective Date (as defined below) of the registration statement (including financial statements, exhibits and all other documents related thereto filed as a part thereof or incorporated therein), and any registration statement filed under Rule 462(b) of the Securities Act, are respectively hereinafter referred to as the “Registration Statement” and the “Prospectus,” except that if the Registration Statement is amended by a post-effective amendment, the term “Registration Statement” shall, from and after the declaration of effectiveness of such post-effective amendment, refer to the Registration Statement as so amended and the term “Prospectus” shall refer to the Prospectus as so amended or supplemented to date, and if any Prospectus filed by the Company pursuant to Rule 424(b) or 424(c) of the Regulations shall differ from the Prospectus 

2

on file at the time the Registration Statement or any post-effective amendment shall become effective, the term “Prospectus” shall refer to the Prospectus filed pursuant to either Rule 424(b) or 424(c) from and after the date on which it shall have been filed with the Commission.  Further, if a separate registration statement is filed and becomes effective with respect solely to the DRIP (a “DRIP Registration Statement”), the term “Registration Statement” shall refer to such DRIP Registration Statement from and after the declaration of effectiveness of such DRIP Registration Statement, as such registration statement may be amended or supplemented from time to time.  If a separate prospectus is filed and becomes effective with respect solely to the DRIP (a “DRIP Prospectus”), the term “Prospectus” shall refer to such DRIP Prospectus from and after the declaration of effectiveness of such DRIP Prospectus, as such prospectus may be amended or supplemented from time to time.
(b)Compliance with the Securities Act.  The Registration Statement has been prepared and filed by the Company and has been declared effective by the Commission and is effective in the states and jurisdictions indicated in the Blue Sky Memorandum (defined in Section 4(d) herein), as updated from time to time pursuant to the terms of Section 4(d).  Neither the Commission nor any such state securities authority has issued any order preventing or suspending the use of any Prospectus filed with the Registration Statement or any amendments or supplements thereto and no proceedings for that purpose have been instituted, or to the Company’s knowledge, are threatened or contemplated by the Commission or by any of the state securities authorities.  At the time the Registration Statement first became effective (the “Effective Date”) and at the time that any post-effective amendments thereto or any additional registration statement filed under Rule 462(b) of the Securities Act becomes effective, the Registration Statement or any amendment thereto (1) complied, or will comply, as to form in all material respects with the requirements of the Securities Act and the Regulations and (2) did not or will not contain an untrue statement of a material fact or omit to state a material fact necessary to make the statements therein not misleading.  When the Prospectus or any amendment or supplement thereto is filed with the Commission pursuant to Rule 424(b) or 424(c) of the Regulations and at all times subsequent thereto through the date on which the Offering is terminated (“Termination Date”), the Prospectus will comply in all material respects with the requirements of the Securities Act and the Regulations, and will not include any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading.  Any Prospectus delivered to Ameriprise will be identical to the electronically transmitted copies thereof filed with the Commission pursuant to EDGAR, except to the extent permitted by Regulation S-T.
(c)The Company.  The Company has been duly incorporated and validly exists as a corporation in good standing under the laws of the State of Maryland with full power and authority to conduct the business in which it is engaged as described in the Prospectus, including without limitation to acquire properties as more fully described in the Prospectus, including land and buildings, as well as properties upon which properties are to be constructed for the Company or to be owned by the Company (the “Properties”) or make loans, or other permitted investments as referred to in the Prospectus.  The Company and each of its subsidiaries is duly qualified to do business as a foreign corporation, limited liability company or limited partnership, as applicable, and is in good standing in each other jurisdiction in which it owns or leases property of a nature, or transacts business of a type that would make such qualification necessary except where the failure to be so qualified or in good standing could not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.  The term “Material Adverse Effect” means a material adverse effect on, or material adverse change in, the general affairs, business, prospects, properties, operations, condition (financial or otherwise) or results of operations of the Company and its subsidiaries, taken as a whole, whether or not arising in the ordinary course of business.

3

(d)The Shares.  The Shares, when issued, will be duly and validly issued, and upon payment therefor, will be fully paid and non-assessable and will conform in all material respects to the description thereof contained in the Prospectus; no holder thereof will be subject to personal liability for the obligations of the Company solely by reason of being such a holder; such Shares are not subject to the preemptive rights of any stockholder of the Company; and all corporate action required to be taken for the authorization, issuance and sale of such Shares has been validly and sufficiently taken.  All shares of the Company’s issued and outstanding capital stock have been duly authorized and validly issued and are fully paid and non‐assessable; none of the outstanding shares of capital stock of the Company were issued in violation of the preemptive or other similar rights of any stockholder of the Company.
(e)Capitalization.  The authorized capital stock of the Company conforms in all material respects to the description thereof contained in the Prospectus under the caption “Description of Capital Stock.” Except as disclosed in the Prospectus: no shares of Common Stock have been or are to be reserved for any purpose; there are no outstanding securities convertible into or exchangeable for any shares of Common Stock; and there are no outstanding options, rights (preemptive or otherwise) or warrants to purchase or subscribe for shares of Common Stock or any other securities of the Company.
(f)Violations.  No Issuer Entity or any respective subsidiary thereof is (i) in violation of its charter or bylaws, its partnership agreement, declaration of trust or trust agreement, or limited liability company agreement (or other similar agreement), as the case may be; (ii) in default in the performance or observance of any obligation, agreement, covenant or condition contained in any contract, indenture, mortgage, deed of trust, loan or credit agreement, note, lease or other agreement or instrument to which such Issuer Entity is a party or by which any of them may be bound or to which any of the respective properties or assets of such Issuer Entity is subject (collectively, “Agreements and Instruments”); or (iii) in violation of any law, order, rule or regulation, writ, injunction or decree of any government, governmental instrumentality or court, domestic or foreign, having jurisdiction over the Company or any of its property, except in the case of clauses (ii) and (iii), where such conflict, breach, violation or default would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.  The execution, delivery and performance by each Issuer Entity, as applicable, of this Agreement, that certain Dealer Manager Agreement between the Dealer Manager and the Company (the “Dealer Manager Agreement”), the Selected Dealer Agreements between the Dealer Manager and, with the exception of Ameriprise, each of the selected dealers soliciting subscriptions for shares of the Company’s common stock pursuant to the Offering (collectively, the “Selected Dealer Agreements”) and the Advisory Agreement between the Company and the Advisor (the “Advisory Agreement”) and the consummation of the transactions contemplated herein and therein (including the issuance and sale of the Shares and the use of the proceeds from the sale of the Shares as described in the Prospectus under the caption “Estimated Use of Proceeds”) and compliance by the Issuer Entities with their obligations hereunder and thereunder do not and will not, whether with or without the giving of notice or passage of time or both, conflict with or constitute a breach of, default or Repayment Event (as defined below) under any of the Agreements and Instruments, or result in the creation or imposition of any Lien (as defined below) upon any property or assets of any Issuer Entity or any respective subsidiary thereof (except for such conflicts, breaches, defaults or Repayment Events or Liens that, individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect) nor will such action result in any violation of the provisions of the charter or bylaws (or similar document) of any Issuer Entity or any respective subsidiary thereof; or any applicable law, rule, regulation, or governmental or court judgment, order, writ or decree of any government, governmental instrumentality or court, domestic or foreign, having jurisdiction over the Issuer Entities or any of their properties, except for such violations that would not reasonably be expected to have a Material Adverse Effect.  As used herein, a “Repayment Event” means any event or condition which gives the holder of any note, debenture or other evidence of indebtedness (or any person acting on such holder’s behalf) the right to require the repurchase, redemption or repayment 

4

of all or a portion of such indebtedness by an Issuer Entity or any respective subsidiary thereof.  “Lien” means any mortgage, deed of trust, lien, pledge, encumbrance, charge or security interest in or on any asset.
(g)Financial Statements.  The consolidated financial statements of the Company and the financial statements of each entity acquired by the Company (each, an “Acquired Entity”) including the schedules and notes thereto, which have been filed as part of the Registration Statement and those included in the Prospectus present fairly in all material respects the financial position of the Company, its consolidated subsidiaries and each such Acquired Entity, as applicable, as of the date indicated and the results of its operations, stockholders’ equity and cash flows of the Company, and its consolidated subsidiaries and each such Acquired Entity, as applicable, for the periods specified; said financial statements have been prepared in conformity with U.S. generally accepted accounting principles applied on a consistent basis or, if such entity is a foreign entity, such other accounting principles applicable to such foreign entity, (except as may be expressly stated in the related notes thereto) and comply with the requirements of Regulation S-X promulgated by the Commission. Grant Thornton LLP, or such other independent accounting firm that the Company may engage from time to time, whose report is filed with the Commission as a part of the Registration Statement, is, with respect to the Company and its subsidiaries, an independent accounting firm as required by the Securities Act and the Regulations and have been registered with the Public Company Accounting Oversight Board. The selected financial data and the summary financial information included in the Prospectus present fairly in all material respects the information shown therein and have been compiled on a basis consistent with that of the audited and unaudited financial statements included in the Registration Statement.  The pro forma financial statements and the related notes thereto included in the Registration Statement and the Prospectus present fairly in all material respects the information shown therein, have been prepared in accordance with the Commission’s rules and guidelines with respect to pro forma financial statements and have been properly compiled on the bases described therein, and the assumptions used in the preparation thereof are reasonable and the adjustments used therein are appropriate to give effect to the transactions and circumstances referred to therein. All disclosures contained in the Registration Statement or the Prospectus, or incorporated by reference therein, regarding “non-GAAP financial measures” (as such term is defined by the rules and regulations of the Commission) comply in all material respects with Regulation G of the Securities Exchange Act of 1934 (the “Exchange Act”) and Item 10 of Regulation S-K of the Securities Act, to the extent applicable.
(h)Prior Performance Tables.  The prior performance tables of the Company's affiliates and other entities, including the schedules and notes thereto, filed as part of the Registration Statement and included in the Prospectus under the heading(s) “Prior Performance Tables” (the “Prior Performance Tables”) present fairly in all material respects the financial information required to be included therein by the Commission’s Industry Guide 5 and the SEC Disclosure Guidance Topic no. 6.  Except as disclosed in the Prospectus, the Prior Performance Tables have been prepared in conformity with U.S. generally accepted accounting principles applied on a consistent basis to the extent required by the Commission’s Industry Guide 5 and comply in all material respects with the requirements of Regulation S-X promulgated by the Commission, to the extent applicable. All disclosures in the Prior Performance Tables regarding “non-GAAP financial measures” (as such term is defined by the rules and regulations of the Commission) comply in all material respects with Regulation G of the Exchange Act and Item 10 of Regulation S-K of the Securities Act, to the extent applicable.
(i)    No Subsequent Material Events.  Since the respective dates as of which information is given in the Registration Statement and the Prospectus, except as may otherwise be stated in or contemplated by the Registration Statement and the Prospectus, (a) there has not been any Material Adverse Effect, (b) there have not been any material transactions entered into by the Company except in the ordinary course of business, (c) there has not been any material increase in the long-term indebtedness of the Company and (d) except 

5

for regular distributions on the Common Stock paid in cash or reinvested in DRIP Shares, there has been no distribution of any kind declared, paid or made by the Company on any class of its capital stock.
(j)    Investment Company Act.  The Company is not, will not become by virtue of the transactions contemplated by this Agreement and the application of the net proceeds therefrom as contemplated in the Prospectus, and does not intend to conduct its business so as to be, an “investment company” as that term is defined in the Investment Company Act of 1940, as amended and the rules and regulations thereunder, and it will exercise reasonable diligence to ensure that it does not become an “investment company” within the meaning of the Investment Company Act of 1940.
(k)    Authorization of Agreements.  This Agreement, the Dealer Manager Agreement, the Selected Dealer Agreements and the Advisory Agreement between the Company, the Dealer Manager, and the Advisor, as applicable, have been duly and validly authorized, executed and delivered by the Company, the Dealer Manager, and the Advisor, as applicable, and constitute valid, binding and enforceable agreements of the Company, the Dealer Manager, and the Advisor, as applicable, except to the extent that (i) enforceability may be limited by (x) the effect of bankruptcy, insolvency or other similar laws now or hereafter in effect relating to or affecting creditors’ rights generally; or (y) the effect of general principles or equity; or (ii) the enforceability of the indemnity and/or contribution provisions contained in the Dealer Manager Agreement, the Selected Dealer Agreements, the Advisory Agreement, and Section 8 of this Agreement, as applicable, may be limited under applicable securities laws and/or the Statement of Policy Regarding Real Estate Investment Trusts, as reviewed and adopted by membership of the North American Securities Administrators Association (the “NASAA Guidelines”).
(l)    The Advisor.  The Advisor has been duly organized and validly exists as a limited company in good standing under the laws of Jersey, Channel Islands, with full power and authority to conduct the business in which it is engaged as described in the Prospectus.  The Advisor is duly qualified to do business as a foreign limited company and is in good standing in each other jurisdiction in which it owns or leases property of a nature, or transacts business of a type, that would make such qualification necessary, except where the failure to be so qualified or in good standing could not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.
(m)    The Dealer Manager.  The Dealer Manager has been duly organized and validly exists as a limited liability company in good standing under the laws of the State of Delaware with full power and authority to conduct the business in which it is engaged as described in the Prospectus.  The Dealer Manager is duly qualified to do business as a foreign limited liability company and is in good standing in each other jurisdiction in which it owns or leases property of a nature, or transacts business of a type, that would make such qualification necessary except where the failure to be so qualified or in good standing could not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.
(n)     The Sponsor. The Sponsor has been duly incorporated and validly exists as a corporation in good standing under the laws of the State of Delaware with full power and authority to conduct the business in which it is engaged as described in the Prospectus.  The Sponsor is duly qualified to do business as a foreign corporation and is in good standing in each other jurisdiction in which it owns or leases property of a nature, or transacts business of a type, that would make such qualification necessary except where the failure to be so qualified or in good standing could not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.

6

(o)     Description of Agreements.  The Company is not a party to or bound by any contract or other instrument of a character required to be described in the Registration Statement or the Prospectus or to be filed as an exhibit to the Registration Statement that is not described and filed as required.
(p)    Qualification as a Real Estate Investment Trust.  The Company intends to continue to satisfy the requirements of the Internal Revenue Code of 1986 as amended (the “Code”) for qualification and taxation of the Company as a real estate investment trust.  Commencing with its taxable year ended December 31, 2013, the Company has been organized and has operated in conformity with the requirements for qualification as a real estate investment trust under the Code, and its actual method of operation as described in the Prospectus will enable it to continue to meet the requirements for qualification and taxation as a real estate investment trust under the Code. 
(q)    Gramm-Leach-Bliley Act and USA Patriot Act.  The Company complies in all material respects with applicable privacy provisions of the Gramm-Leach-Bliley Act and applicable provisions of the USA Patriot Act.
(r)    Sales Material.  All advertising and supplemental sales literature prepared or approved by the Company or any of its affiliates (whether designated solely for broker-dealer use or otherwise) to be used or delivered by the Company or any of its affiliates or Ameriprise in connection with the Offering of the Shares will not contain an untrue statement of material fact or omit to state a material fact required to be stated therein, in light of the circumstances under which they were made and when read in conjunction with the Prospectus, not misleading.  Furthermore, all such advertising and supplemental sales literature has, or will have, received all required regulatory approval, which may include but is not limited to, the approval of the Commission, the Financial Industry Regulatory Authority, Inc. (“FINRA”) and state securities agencies, as applicable.  Any required consent and authorization has been obtained for the use of any trademark or service mark in any sales literature or advertising delivered by the Company to Ameriprise or approved by the Company for use by Ameriprise and, to the Company’s knowledge, its use does not constitute the unlicensed use of intellectual property.
(s)    Good Standing of Subsidiaries.  Each “significant subsidiary” of the Company (as such term is defined in Rule 1-02 of Regulation S-X) and each other entity in which the Company holds a direct or indirect ownership interest that is material to the Company (each a “Subsidiary” and, collectively, the “Subsidiaries”) has been duly organized or formed and is validly existing as a corporation, partnership, limited liability company or similar entity in good standing under the laws of the jurisdiction of its incorporation, has power and authority to own, lease and operate its properties and to conduct its business as described in the Prospectus and is duly qualified to transact business and is in good standing in each jurisdiction in which such qualification is required, whether by reason of the ownership or leasing of property or the conduct of business, except where the failure to be so qualified would not reasonably be expected to have a Material Adverse Effect.  Except as otherwise disclosed in the Registration Statement, all of the issued and outstanding equity securities of each such Subsidiary has been duly authorized and validly issued, is fully paid and non‐assessable and is owned by the Company, directly or through subsidiaries, free and clear of any Lien, claim or equity other than such Liens, claims or equities that, individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect.  None of the outstanding shares of capital stock of any Subsidiary was issued in violation of the preemptive or similar rights of any stockholder of such Subsidiary.  The only direct subsidiaries of the Company, or, as the case may be, the only Subsidiaries of the Company, as of the date of the Registration Statement or the most recent amendment to the Registration Statement, as applicable, are those listed on Exhibit 21 to the Registration Statement or such amendment to the Registration Statement.

7

(t)    No Pending Action.    Except as disclosed in the Registration Statement, there is no action, suit or proceeding pending, or, to the knowledge of the Company, threatened or contemplated before or by any arbitrator, court or other government body, domestic or foreign, against or affecting any Issuer Entity or any respective subsidiary thereof which is required to be disclosed in the Registration Statement (other than as disclosed therein), or which would reasonably be expected to result in a Material Adverse Effect, or which would reasonably be expected to materially and adversely affect the properties or assets thereof or the consummation of the transactions contemplated by this Agreement. The aggregate of all pending legal or governmental proceedings to which any Issuer Entity or any respective subsidiary thereof is a party or of which any of their respective properties or assets is the subject which are not described in the Registration Statement, including ordinary routine litigation incidental to the business, would not reasonably be expected to result in a Material Adverse Effect or materially adversely affect other properties or assets of any Issuer Entity or  any respective subsidiary thereof.
(u)    Possession of Intellectual Property.  The Company and its subsidiaries own or possess, or can acquire on reasonable terms, adequate patents, patent rights, licenses, inventions, copyrights, know-how (including trade secrets and other unpatented and/or unpatentable proprietary or confidential information, systems or procedures), trademarks, service marks, trade names or other intellectual property (collectively, “Intellectual Property”) necessary to carry on the business now operated by them, and neither the Company nor any of its subsidiaries has received any notice or is otherwise aware of any infringement of or conflict with asserted rights of others with respect to any Intellectual Property or of any facts or circumstances which would render any Intellectual Property invalid or inadequate to protect the interest of the Company or any of its subsidiaries therein, and which infringement or conflict (if the subject of any unfavorable decision, ruling or finding) or invalidity or inadequacy, individually or in the aggregate, could reasonably be expected to result in a Material Adverse Effect.
(v)    Absence of Further Requirements.  No filing with, or authorization, approval, consent, license, order, registration, qualification or decree of, any court or governmental authority or agency is necessary or required for the performance by the Company of its obligations under this Agreement, the Dealer Manager Agreement, the Selected Dealer Agreements, and the Advisory Agreement in connection with the offering, issuance or sale of the Shares or the consummation of the other transactions contemplated by this Agreement, the Dealer Manager Agreement, the Selected Dealer Agreements and the Advisory Agreement, except for such as are specifically set forth in this Agreement and for such as have been already made or obtained under the Securities Act, the Exchange Act, the rules of FINRA, including NASD rules, or as may be required under the securities laws of the states and jurisdictions indicated in the Blue Sky Memorandum (defined in Section 4(d) of this Agreement), as updated from time to time.  
(w)    Possession of Licenses and Permits.  The Company and its subsidiaries possess such permits, licenses, approvals, consents and other authorizations issued by the appropriate federal, state, local or foreign regulatory agencies or bodies necessary to conduct the business now operated by them,  other than filings as are required by the securities laws of certain jurisdictions in which the Company intends to qualify the Shares for sale and such permits, licenses, approvals, consents and other authorizations, the failure of which to possess, would not reasonably be expected to have a Material Adverse Effect (collectively, “Governmental Licenses”), and the Company and its subsidiaries are in compliance in all material respects with the terms and conditions of all such Governmental Licenses.  All of the Governmental Licenses are valid and in full force and effect and neither the Company nor any of its subsidiaries has received any notice of proceedings relating to the revocation or modification of any such Governmental Licenses.
(x)    Partnership Agreements.  Each of the partnership agreements, declarations of trust or trust agreements, limited liability company agreements (or other similar agreements) and, if applicable, joint 

8

venture agreements to which the Company or any of its subsidiaries is a party has been duly authorized, executed and delivered by the Company or the relevant subsidiary, as the case may be, and constitutes the valid and binding agreement of the Company or such subsidiary, as the case may be, enforceable in accordance with its terms, except as (i) the enforcement thereof may be limited by (A) the effect of bankruptcy, insolvency or other similar laws now or hereafter in effect relating to or affecting creditors’ rights generally or (B) the effect of general principles of equity, or (ii) the enforcement of the indemnity and/or contribution provisions contained in such agreements may be limited under applicable securities laws and/or the NASAA Guidelines, and the execution, delivery and performance of such agreements did not, at the time of execution and delivery, and does not constitute a breach of or default under the charter or bylaws, partnership agreement, declaration of trust or trust agreement, or limited liability company agreement (or other similar agreement), as the case may be, of the Company or any of its subsidiaries or any of the Agreements and Instruments or any law, administrative regulation or administrative or court order or decree.
(y)    Properties.  Except as otherwise disclosed in the Prospectus: (i) the Company and its subsidiaries have good and insurable or good, valid and, with respect to U.S. properties, insurable title (either in fee simple or pursuant to a valid leasehold interest) to all properties and assets described in the Prospectus as being owned or leased, as the case may be, by them and to all properties reflected in the Company’s most recent consolidated financial statements included in the Prospectus, and neither the Company nor any of its subsidiaries has received notice of any claim that has been or may be asserted by anyone adverse to the rights of the Company or any subsidiary with respect to any such properties or assets (or any such lease) or affecting or questioning the rights of the Company or any such subsidiary to the continued ownership, lease, possession or occupancy of such property or assets, except for such claims that could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect; (ii) there are no Liens, claims or restrictions on or affecting the properties and assets of the Company or any of its subsidiaries which would reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect; (iii) no person or entity, including, without limitation, any tenant under any of the leases pursuant to which the Company or any of its subsidiaries leases (as lessor) any of its properties (whether directly or indirectly through other partnerships, limited liability companies, business trusts, joint ventures or otherwise) has an option or right of first refusal or any other right to purchase any of such properties, except for such options, rights of first refusal or other rights to purchase which, individually or in the aggregate, are not expected to have a Material Adverse Effect; (iv) to the Company’s knowledge, each of the properties of the Company or any of its subsidiaries has access to public rights of way, either directly or through easements (insured easements with respect to U.S. properties), except where the failure to have such access would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect; (v) to the Company’s knowledge, each of the properties of the Company or any of its subsidiaries is served by all public utilities necessary for the current operations on such property in sufficient quantities for such operations, except where the failure to have such public utilities could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect; (vi) to the knowledge of the Company, each of the properties of the Company or any of its subsidiaries complies with all applicable codes and zoning and subdivision laws and regulations, except for such failures to comply which could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect; (vii) all of the leases under which the Company or any of its subsidiaries holds or uses any real property or improvements or any equipment relating to such real property or improvements are in full force and effect, except where the failure to be in full force and effect could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect, and neither the Company nor any of its subsidiaries is in default in the payment of any amounts due under any such leases or in any other default thereunder and the Company knows of no event which, with the passage of time or the giving of notice or both, could constitute a default under any such lease, except such defaults that could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect; (viii) to the knowledge of the Company, there is no pending or threatened condemnation, zoning change, or other proceeding or action 

9

that could in any manner affect the size of, use of, improvements on, construction on or access to the properties of the Company or any of its subsidiaries, except such proceedings or actions that, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect; and (ix) neither the Company nor any of its subsidiaries nor, to the knowledge of the Company, any lessee of any of the real property or improvements of the Company or any of its subsidiaries is in default in the payment of any amounts due or in any other default under any of the leases pursuant to which the Company or any of its subsidiaries leases (as lessor) any of its real property or improvements (whether directly or indirectly through partnerships, limited liability companies, joint ventures or otherwise), and the Company knows of no event which, with the passage of time or the giving of notice or both, would constitute such a default under any of such leases, except in each case such defaults as could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. 
(z)     Insurance.  The Company and/or its subsidiaries have title insurance on all U.S. real property and improvements described in the Prospectus as being owned or leased under a ground lease, as the case may be, by them and to all U.S. real property and improvements reflected in the Company’s most recent consolidated financial statements included in the Prospectus in an amount at least equal to the original purchase price paid to the sellers of such property, except as otherwise disclosed in the Prospectus, and the Company or one of its subsidiaries is entitled to all benefits of the insured thereunder.  With respect to all non-U.S. real property described in the Prospectus as being owned or leased by the Company’s subsidiaries, each such subsidiary has received a title opinion or title certificate or other customary evidence of title assurance, as appropriate for the respective jurisdiction, showing good and indefeasible title to such properties in fee simple or valid leasehold estate or its respective equivalent, as the case may be, vested in the applicable subsidiary.  Each property described in the Prospectus is insured by special form coverage hazard and casualty insurance carried by either the tenant or the Company and its subsidiaries in amounts and on such terms as are customarily carried by owners or lessors of properties similar to those owned by the Company and its subsidiaries (in the markets in which the Company’s and subsidiaries’ respective properties are located), and the Company and its subsidiaries carry comprehensive general liability insurance and such other insurance as is customarily carried by owners of properties similar to those owned by the Company and its subsidiaries in amounts and on such terms as are customarily carried by owners  of properties similar to those owned by the Company and its subsidiaries (in the markets in which the Company’s and its subsidiaries’ respective properties are located) and the Company or one of its subsidiaries is named as an additional insured and/or loss payee, as applicable, on all policies (except workers’ compensation) required under the leases for such properties.  
(aa)    Environmental Matters.  Except as otherwise disclosed in the Prospectus: (i) all real property and improvements owned or leased by the Company or any of its subsidiaries, including, without limitation, the Environment (as defined below) associated with such real property and improvements, is free of any Contaminant (as defined below) in violation of applicable Environmental Laws (as defined below)except for such violations that would not, individually or in the aggregate,  reasonably be expected to have a Material Adverse Effect; (ii) neither the Company, nor any of its subsidiaries has caused or suffered to exist or occur any Release (as defined below) of any Contaminant into the Environment in violation of any applicable Environmental Law, except for such violations that would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect; (iii) neither the Company nor any of its subsidiaries is aware of any notice from any governmental body claiming any violation of any Environmental Laws or requiring or calling for any work, repairs, construction, alterations, removal or remedial action or installation by the Company or any of its subsidiaries on or in connection with such real property or improvements, whether in connection with the presence of asbestos-containing materials or mold in such properties or otherwise, except for any violations that would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect, or any such work, repairs, construction, alterations, removal or remedial action or 

10

installation, if required or called for, which would not result in the incurrence of liabilities by the Company, which, individually or in the aggregate, would reasonably be expected to have a Material Adverse Effect, nor is the Company aware of any information which may serve as the basis for any such notice that would, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect; (iv) neither the Company nor any of its subsidiaries has caused or suffered to exist or occur any environmental condition on any of the properties or improvements of the Company or any of its subsidiaries that could reasonably be expected to give rise to the imposition of any Lien under any Environmental Laws except such Liens which, individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect; and (v) to the Company’s knowledge, no real property or improvements owned or leased by the Company or any of its subsidiaries is being used or has been used for manufacturing or for any other operations that involve or involved the use, handling, transportation, storage, treatment or disposal of any Contaminant, where such operations require or required permits or are or were otherwise regulated pursuant to the Environmental Laws and where such permits have not been or were not obtained or such regulations are not being or were not complied with, except in all instances where any failure to obtain a permit or comply with any regulation would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.  “Contaminant” means any pollutant, hazardous substance, toxic substance, hazardous waste, special waste, petroleum or petroleum-derived substance or waste, asbestos or asbestos-containing materials, PCBs, lead, pesticides or regulated radioactive materials or any constituent of any such substance or waste, as identified or regulated under any Environmental Law.  “Environmental Laws” means the Comprehensive Environmental Response, Compensation and Liability Act, 42 U.S.C. 9601 et seq., the Resource Conservation and Recovery Act, 42 U.S.C. 6901, et seq., the Clean Air Act, 42 U.S.C. 7401, et seq., the Clean Water Act, 33 U.S.C. 1251, et seq., the Toxic Substances Control Act, 15 U.S.C. 2601, et seq., the Occupational Safety and Health Act, 29 U.S.C. 651, et seq., and all other federal, state and local laws, ordinances, regulations, rules, orders, decisions and permits, which are directed at the protection of human health or the Environment.  “Environment” means any surface water, drinking water, ground water, land surface, subsurface strata, river sediment, buildings, structures, and ambient air.  “Release” means any spilling, leaking, pumping, pouring, emitting, emptying, discharging, injecting, escaping, leaching, dumping, or disposing of any Contaminant into the Environment, including, without limitation, the abandonment or discard of barrels, containers, tanks or other receptacles containing or previously containing any Contaminant or any release, emission or discharge as those terms are defined or used in any applicable Environmental Law. 
(bb)    Registration Rights.  There are no persons, other than the Company, with registration or other similar rights to have any securities registered pursuant to the Registration Statement or otherwise registered by the Company under the Securities Act, or included in the Offering contemplated hereby.
(cc)    Finders’ Fees.  Neither the Company nor any affiliate thereof has received or is entitled to receive, directly or indirectly, a finder’s fee or similar fee from any person other than that as described in the Prospectus in connection with the acquisition, or the commitment for the acquisition, of the Properties by the Company.
(dd)    Taxes.  The Company and each of its subsidiaries has filed all material federal, state and foreign income tax returns and all other material tax returns which have been required to be filed on or before the due date thereof (taking into account all extensions of time to file) and all such tax returns are correct and complete in all material respects.  The Company has paid or provided for the payment of all taxes reflected on its tax returns and all assessments received by the Company and each of its subsidiaries to the extent that such taxes or assessments have become due, except where the Company is contesting such assessments in good faith and except for such taxes and assessments of immaterial amounts, the failure of which to pay would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.  There 

11

are no audits, deficiencies or assessments pending against the Company or its subsidiaries relating to income taxes, except where the Company is contesting such audit, deficiency or assessments in good faith.
(ee)    Internal Controls.  The Company maintains a system of internal controls over financial reporting (as such term is defined in Rule 13a-15(f)  of the Exchange Act ) that complies with the requirements of the Exchange Act and that has been designed by  the Company’s principal executive officer and principal financial officer, or under their supervision, to provide reasonable assurances regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles.  The Company will complete an evaluation of its internal control over financial reporting during 2014, and will include a report on this evaluation in the Form 10-K for the year ended December 31, 2014.  The Company is not aware of any material weaknesses in its internal control over financial reporting. Since the date of the latest audited financial statements included or incorporated by reference in the Registration Statement, there has been no change in the Company’s internal control over financial reporting that has materially affected, or is reasonably likely to materially affect, the Company’s internal control over financial reporting. 
(ff)    Disclosure Controls and Procedures.  The Company maintains disclosure controls and procedures (as such term is defined in Rule 13a-15(e)  under the Exchange Act) that comply with the requirements of the Exchange Act; such disclosure controls and procedures have been designed to ensure that material information relating to the Company and its subsidiaries is made known to the Company’s principal executive officer and principal financial officer by others within those entities; and such disclosure controls and procedures are effective as of  December 31, 2013.
(gg)    Compliance with the Sarbanes-Oxley Act.  There is and has been no failure on the part of the Company or any of the Company’s directors or officers, in their capacities as such, to comply in all material respects with any applicable provision of the Sarbanes-Oxley Act of 2002 and the rules and regulations promulgated in connection therewith, including Section 402 related to loans and Sections 302 and 906 related to certifications.
(hh)    No Fiduciary Duty.  Each Issuer Entity acknowledges and agrees that Ameriprise is acting solely in the capacity of an arm’s length contractual counterparty to it with respect to the Offering of the Shares (including in connection with determining the terms of the Offering) and not as a financial advisor or a fiduciary to, or an agent of, such Issuer Entity or any other person.  Additionally, Ameriprise is not advising the Issuer Entities or any other person as to any legal, tax, investment, accounting or regulatory matters in any jurisdiction.  Each of the Issuer Entities shall consult with its own advisors concerning such matters and shall be responsible for making its own independent investigation and appraisal of the transactions contemplated hereby, and Ameriprise shall have no responsibility or liability to the Issuer Entities with respect thereto.  Any review by Ameriprise of the Issuer Entities, the transactions contemplated hereby or other matters relating to such transactions will be performed solely for the benefit of Ameriprise and shall not be on behalf of the Issuer Entities.
(ii)    Dealer Manager and Advisor Insurance.  Each of the Dealer Manager and the Advisor are insured by insurers of recognized financial responsibility against such losses and risks and in such amounts as are prudent and customary in the businesses in which they are engaged and which each of them deems adequate.  All policies of insurance insuring the Dealer Manager and the Advisor or each of their respective businesses, assets, employees, officers and trustees, including their respective errors and omissions insurance policies, are in full force and effect and the Dealer Manager and the Advisor are in compliance with the terms of their respective policies in all material respects. There are no claims by the Dealer Manager or the Advisor under any such policy as to which any insurance company is denying liability or defending under a reservation 

12

of rights clause. Neither the Dealer Manager nor the Advisor has been refused any insurance coverage sought or applied for. Neither the Dealer Manager nor the Advisor has reason to believe that it will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain new insurance coverage to replace the existing insurance coverage in amounts and on such terms as it deems necessary to continue its business at a cost that would not have a material adverse effect on, or material adverse change in, the general affairs, business, operations, condition (financial or otherwise) or results of operations of the Dealer Manager and the Advisor, taken as a whole, whether or not arising in the ordinary course of business, except as set forth in or contemplated in the Registration Statement and the Prospectus and provided, that, such insurance coverage is available to the Dealer Manager and the Advisor on commercially reasonable terms.
(jj)    Financial Resources.  Each of the Dealer Manager and the Advisor have the financial resources available to it that it deems necessary for the performance of its services and obligations as contemplated in the Registration Statement, the Prospectus and under this Agreement, the Dealer Manager Agreement, and the Advisory Agreement. 
(kk)     Transactions effectuated by the Advisor are executed in accordance with its management’s general or specific authorization under the Advisory Agreement, and access by the Advisor to the Company’s assets is permitted only in accordance with its management’s general or specific authorization under the Advisory Agreement. 
(ll)    No Unlawful Payments. Neither the Company nor any of its subsidiaries nor, to the knowledge of the Company, any director, officer, agent or other person associated with and acting on behalf of the Company or any of its subsidiaries has (i) used any corporate funds for any unlawful contribution, gift, entertainment or other unlawful expense relating to political activity; (ii) made any direct or indirect unlawful payment to any foreign or domestic government official or employee from corporate funds; (iii) violated or is in violation of any provision of the Foreign Corrupt Practices Act of 1977 or any similar law applicable to the Company; or (iv) made any bribe, unlawful rebate, payoff, influence payment, kickback or other unlawful payment.

(mm)    Compliance with Money Laundering Laws. The operations of the Company and its subsidiaries are and have been conducted at all times in material compliance with all applicable financial recordkeeping and reporting requirements, including those of the Bank Secrecy Act, as amended by Title III of the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (USA PATRIOT Act), and the applicable anti-money laundering statutes of jurisdictions where the Company and its subsidiaries conduct business, the rules and regulations thereunder and any related or similar rules, regulations or guidelines, issued, administered or enforced by any governmental agency (collectively, the “Anti-Money Laundering Laws”) and no action, suit or proceeding by or before any court or governmental agency, authority or body or any arbitrator involving the Company or any of its subsidiaries with respect to the Anti-Money Laundering Laws is pending or, to the knowledge of the Company, threatened.
(nn)    Compliance with OFAC. Neither the Company nor any of its subsidiaries, nor any director, officer or employee thereof, nor, to the Company’s knowledge, any agent, affiliate or representative of the Company or any of its subsidiaries, is an individual or entity (“Person”) that is, or is owned or controlled by a Person that is (a) the subject of any sanctions administered or enforced by the U.S. Department of Treasury’s Office of Foreign Assets Control (“OFAC”) (collectively, “Sanctions”); nor (b) located, organized or resident in a country or territory that is the subject of Sanctions (including, without limitation, Burma/Myanmar, Cuba, Iran, Libya, North Korea, Sudan and Syria). The Company will not, directly or indirectly, use the proceeds of the offering, or lend, contribute or otherwise make available such proceeds to any 

13

subsidiary, joint venture partner or other Person: (a) to fund or facilitate any activities or business of or with any Person or in any country or territory that, at the time of such funding or facilitation, is the subject of Sanctions; or (b) in any other manner that will result in a violation of Sanctions by any Person (including any Person participating in the offering, whether as underwriter, advisor, investor or otherwise). Since their inception, the Company and its subsidiaries have not knowingly engaged in, are not now knowingly engaged in, and will not engage in, any dealings or transactions with any Person, or in any country or territory, that at the time of the dealing or transaction is or was the subject of Sanctions. 

(oo)    Valuation: General.  The Company’s Board of Directors shall value its shares consistent with FINRA requirements and this Section 2(oo), and shall disclose such value in the Registration Statement, Form 10-K, Form 10-Q and/or in a Form 8-K (collectively referred to as “SEC Disclosure Documents”) filed with the Commission and in each Annual Report sent to investors in accordance with regulatory requirements.  At a minimum, the Company shall provide a per share value based on the fair value of the Company’s assets less liabilities under market conditions existing as of the date of valuation, referred to as Net Asset Value (“NAV”), and assuming the allocation of the resulting NAV among the Company’s common shareholders, to arrive at a Net Asset Value Per Share (“Per Share NAV”).  The NAV and Per Share NAV shall be determined in a manner consistent with the methods and principles used to determine fair value under generally accepted accounting principles of the Financial Accounting Standards Board, primarily as set forth in ASC 820, and the international financial reporting standards of the International Accounting Standards Board (as applicable), and consistent with the methodology set forth in Exhibit E to this Agreement.  The Board of Directors of the Company will appoint the Audit Committee or another committee comprised of at least a majority of independent directors of the Board that will be responsible for oversight of the valuation process (“Valuation Committee”), subject to the final approval of the Company’s Board.      
Independent Valuation Firm.  The Valuation Committee, with the approval of the Company and the Board, shall engage one or more independent third-party firms (each an “Independent Valuation Firm” and collectively, the “Independent Valuation Firms”) for purposes of determining the NAV and Per Share NAV, provided, however, the Company will discuss in advance with and thereafter notify Ameriprise in writing prior to the engagement of an Independent Valuation Firm.  However, for the avoidance of doubt, the engagement of the Independent Valuation Firm shall be the sole responsibility of the Company and the Company shall have the sole discretion to select the Independent Valuation Firms to perform the valuation. 

Independent Valuations.  The initial NAV and Per Share NAV shall be determined by the Independent Valuation Firm as of the earlier of (i) the commencement by the Company of a follow-on public offering, if any, or (ii) the earlier of  (a)  the end of the calendar quarter  in which the Company’s initial offering closes, or  (b) the end of the calendar quarter  that is two years  after the Company’s escrow break for its initial public offering; provided, that, the initial determination of NAV and Per Share NAV by the Independent Valuation Firm shall be provided in accordance with such other timing as the SEC may require or which may be necessary for Ameriprise to comply with FINRA requirements.  The disclosure date of the NAV and Per Share NAV shall be no more than forty-five (45) days after the NAV and Per Share NAV is determined.  Thereafter, the Company shall have an Independent Valuation Firm determine the NAV and Per Share NAV no less frequently than every other year (i.e. the Independent Valuation Firm shall conduct an independent valuation at least every two (2) years).

As part of each valuation performed for real property and commercial real estate debt instruments, the Independent Valuation Firm shall obtain a new appraisal, utilizing recognized industry standards prescribed by the Uniform Standards of Professional Appraisal Practice (“USPAP”) or the similar industry standard for the country where the property appraisal is conducted, of each of the real estate properties and assign a discrete value for each such property pursuant to the methodology set forth in Exhibit E. All appraisals 

14

shall be conducted by appraisers possessing a Member Appraisal Institute (“MAI”) or similar designation or, for international appraisals, a public certified expert for real estate valuations, qualified to perform and oversee the appraisal work of the scope and nature described on Exhibit E. All appraisals shall be conducted on the basis of the discounted cash flow approach, the income capitalization approach, the sales comparison approach, the cost approach, using whichever approaches and timing assumptions as are deemed the most appropriate by the Independent Valuation Firm based on the highest and best use of the properties being appraised, which method(s) shall be disclosed in the Company’s SEC Disclosure Documents.  

Interim Valuations. In each year between required independent valuations, the Board of Directors shall, at its option, either (i) engage an Independent Valuation Firm to conduct an independent valuation and determination of NAV and Per Share NAV in accordance with the procedures set forth under “Independent Valuations” above; or (ii) provide a NAV and Per Share NAV, which is reviewed and confirmed by the Independent Valuation Firm (“Interim Valuation”).  With respect to an Interim Valuation, the role of the Independent Valuation Firm shall include a review and confirmation of each of the following items relating to the Interim Valuation:

		
	•
	the reasonableness of the valuation process and methodology and conformity with real estate industry standards and practices relating to valuations;

		
	•
	the reasonableness of the assumptions and data used in connection with the valuation of each real estate investment, including but not limited to rental rates, tenant improvements and concessions, lease renewal and option exercise probabilities, revenue and expense growth rates, going-in and residual capitalization rates, discount rates, and other assumptions and data deemed material to the valuation; and

		
	•
	the reasonableness of the final real estate investment valuation assigned by the Company’s Board of Directors.

Reports.  For all determinations of NAV and Per Share NAV, the Company will obtain from the Independent Valuation Firm a written report, which shall set forth a summary analysis of the Independent Valuation Firm’s process and methodology undertaken in the determination of NAV and Per Share NAV, a description of the scope of the reviews performed and any limitations thereto, the data and assumptions used for the review, the applicable industry standards used for the review and determination, any other matters related to the valuation analysis and a conclusion as to a reasonable range of NAV and Per Share NAV.  

Upon the issuance of the Independent Valuation Firm’s report to the Company, as part of Ameriprise’s on-going due diligence review of the Company, the Company will immediately notify Ameriprise and thereafter, subject to Ameriprise’s execution and delivery to the Company and the Independent Valuation Firm of an access and confidentiality agreement, substantially consistent with the form attached hereto as Exhibit F,  provide Ameriprise with access to and reasonable time to review supporting materials related to the Independent Valuation report, which includes, but may not be limited to, the data and assumptions used for the review and the appraisals of each of the real estate properties.

For the avoidance of doubt, the final determination of NAV and Per Share NAV shall be the sole responsibility of the Company and the Board of Directors.   To the extent the NAV and Per Share NAV provided by the Independent Valuation Firm is different from the NAV and Per Share NAV assigned by the Board of Directors and disclosed by the Company, the Company will provide an explanation in its SEC Disclosure Documents.

In addition, immediately following the final determination and disclosure of the NAV and Per Share NAV by the Company, the Company will send a copy of the Independent Valuation Firm’s report to Ameriprise 

15

and schedule a reasonable number of meetings or teleconferences with the Independent Valuation Firm so that Ameriprise may perform its on-going due diligence review of Company.

Disclosure.   The determination of the NAV and Per Share NAV, an explanation of the method by which the NAV and Per Share NAV was developed, a statement that such valuation was developed in a manner reasonably designed to ensure its reliability, and the date of the valuation will be reported in the SEC Disclosure Documents filed with the Commission and in each Annual Report sent to investors with sufficient narrative disclosure to meet FINRA regulatory requirements and in a clear and concise manner so as to be understood by the average investor.  In addition, if the Company has knowledge of a material impairment or appreciation, or a material other-than-temporary change in the value of any real property or real estate-related asset which would result in a material change in the NAV or Per Share NAV, then the Company shall consider such change prior to the issuance of a valuation and shall otherwise file such SEC Disclosure Documents as required.  

Notwithstanding any agreements to the contrary, nothing shall preclude Ameriprise from taking any action, such as suspending sales of any offering or withholding disclosure of NAV and Per Share NAV on its account statements, on the basis of the due diligence review of the valuation materials and the Independent Valuation Firm’s report.  Following the Company’s disclosure of the NAV and Per Share NAV in the SEC Disclosure Documents, and subject to the fair disclosure requirements of Regulation FD and to the provisions of any non-disclosure agreement between Ameriprise and the Independent Valuation Firm, nothing shall preclude Ameriprise from providing the name of the Independent Valuation Firm and/or a summary of its review to its clients and/or its financial advisors.   In no event will the Company engage in a follow-on offering or any subsequent offering of non-listed securities without first performing and disclosing an independent determination of NAV and Per Share NAV.   In addition, notwithstanding anything to the contrary in this Section 2(oo), the Company acknowledges and agrees that it shall cooperate with, provide access to, and afford sufficient time in advance for Ameriprise to conduct its on-going due diligence review of the Company from the effective date of this Agreement through the date of a merger, listing of its shares on an exchange or other similar significant event.

Policies and Certification.  The Company will design and implement policies reasonably designed to ensure compliance with this Section 2(oo), and will provide Ameriprise with a copy of those policies no later than April 15, 2015.   If the Company materially changes such policies, the Company shall promptly provide written notice to Ameriprise.  In addition, the Company will briefly describe its valuation policies, including the role and responsibilities of an Independent Valuation Firm, in its Form S-11, amendments thereto or other offering materials filed with the Commission no later than April 15, 2015.

(pp)    Disclosure of Funds from Operations and Modified Funds from Operations.  The Company will include in its SEC Disclosure Documents filed with the Commission the following performance measures:  Funds From Operations using the definition and protocols established by the National Association of Real Estate Investment Trusts, and Modified Funds From Operations using the definition found in the Investment Program Association Practice Guideline 2010-01, each as amended from time-to-time and with such modifications and adjustments as disclosed in the Prospectus (the “FFO-MFFO Policy”).    In no event will the Company materially change the FFO-MFFO Policy without prior written notice to Ameriprise.

16

     3.    Sale of Shares.
(a)    Purchase of Shares.  On the basis of the representations, warranties and covenants herein contained, but subject to the terms and conditions herein set forth, the Company hereby appoints Ameriprise as a Participating Dealer (as defined in the Dealer Manager Agreement) for the Shares during the period from the date hereof to the Termination Date (the “Effective Term”), including the Shares to be issued pursuant to the DRIP, each in the manner described in the Registration Statement.  Subject to the performance by the Company of all obligations to be performed by it hereunder and the completeness and accuracy of all of its representations and warranties, Ameriprise agrees to use its best efforts, during the Effective Term, to offer and sell such number of Shares as contemplated by this Agreement at the price stated in the Prospectus, as the same may be adjusted from time to time.    
The purchase of Shares must be made during the offering period described in the Prospectus, or after such offering period in the case of purchases made pursuant to the DRIP (each such purchase hereinafter defined as an “Order”).  Persons desiring to purchase Shares are required to (i) deliver to Ameriprise a check in the amount of $10.00  per Share purchased (subject to certain volume discounts or other discounts as described in the Prospectus, or such other per share price as may be applicable pursuant to the DRIP, or such other per share price as is disclosed from time to time in the Registration Statement or Prospectus) payable to Ameriprise, or (ii) authorize a debit of such amount to the account such purchaser maintains with Ameriprise.  An order form as mutually agreed upon by Ameriprise and the Company substantially similar to the form of subscription agreement attached to the Prospectus (each an “Order Form”) must be completed and submitted to the Company for all investors.  NS AM Member, LLC, an affiliate of the Dealer Manager, and American Enterprise Investment Services, Inc. (“AEIS”), an affiliate of Ameriprise, are parties to that certain Alternative Investment Product Networking Services Agreement, dated August 26, 2014, as may be amended (the “AIP Networking Agreement”), pursuant to which the broker-controlled accounts of Ameriprise’s customers that invest in the Company will be processed and serviced.  The parties acknowledge that any receipt by Ameriprise of payments for subscriptions for Shares shall be effected solely as an administrative convenience, and such receipt of payments shall not be deemed to constitute acceptance of Orders to purchase Shares or sales of Shares by the Company.  
All Orders solicited by Ameriprise will be strictly subject to review and acceptance by the Company and the Company reserves the right in its absolute discretion to reject any Order or to accept or reject Orders in the order of their receipt by the Company or otherwise.  Within 30 days of receipt of an Order, the Company must accept or reject such Order.  If the Company elects to reject such Order, within 10 business days after such rejection, it will notify the purchaser and Ameriprise of such fact and cause the return of such purchaser’s funds submitted with such application.  If Ameriprise receives no notice of rejection within the foregoing time limits, the Order shall be deemed accepted.  Ameriprise agrees to make every reasonable effort to determine that the purchase of Shares is a suitable and appropriate investment for each potential purchaser of Shares based on information provided by such purchaser regarding, among other things, such purchaser’s age, investment experience, financial situation and investment objectives.  Ameriprise agrees to maintain copies of the Orders received from investors and of the other information obtained from investors, including the Order Forms, for a minimum of 6 years from the date of sale and will make such information available to the Company upon request by the Company. 
(b)    Closing Dates and Delivery of Shares.  In no event shall a sale of Shares to an investor be completed until at least five business days after the date the investor receives a copy of the Prospectus.  Orders shall be submitted as contemplated by the AIP Networking Agreement, Section 6 of the Dealer Manager Agreement and as otherwise set forth in this Agreement.  Shares will be issued as described in the Prospectus.  Share issuance dates for purchases made pursuant to the DRIP will be as set forth in the DRIP. 

17

(c)    Dealers.  The Shares offered and sold under this Agreement shall be offered and sold only by Ameriprise, a member in good standing of FINRA.  The Issuer Entities and affiliates thereof agree to participate in Ameriprise’s marketing efforts to the extent that Ameriprise may reasonably request and, without limiting the generality of the foregoing, agree to visit Ameriprise’s offices as Ameriprise may reasonably request.
(d)    Compensation.  In consideration for Ameriprise’s execution of this Agreement, and for the performance of Ameriprise’s obligations hereunder, the Dealer Manager agrees to pay or cause to be paid to Ameriprise  a selling commission (the “Selling Commission”) of seven percent  ($0.70 based on initial $10.00 price per share) of the price of each Share  (except for Shares sold pursuant to the DRIP) sold by Ameriprise; provided, however, that Ameriprise’s Selling Commission shall be reduced with respect to volume sales of Shares to single purchasers (as defined in the Prospectus) and as otherwise set forth in the “Plan of Distribution” section of the Prospectus.  In the case of such volume sales to single purchasers, on orders of more than $500,000, Ameriprise’s Selling Commission shall be reduced by the amount of the Share purchase price discount.  In the case of such volume sales to single purchasers, Ameriprise’s Selling Commission will be reduced for each incremental Share purchase by such single purchasers where Ameriprise serves as the selected dealer for such purchase, in the total volume ranges set forth in the table below.  Any reduction of the Selling Commission otherwise payable to Ameriprise will be credited to the purchaser as additional Shares. Such reduced Share price will not affect the amount received by the Company for investment. The following table sets forth the reduced Selling Commission payable to Ameriprise in connection with volume discounts, which table may be updated from time to time in the Prospectus.
	
											
	Dollar Volume Purchased
	 
	Purchase Price 
per Share 
to Investor
	 
	Percentage 
Based on 
$10.00 
per Share
	 
	Commission 
Amount 
per Share
	 
	Dealer 
Manager 
Fee 
per Share
	 
	Net Proceeds 
per Share

	$500,000 or less
	 
	$10.00
	 
	7%
	 
	$0.70
	 
	$0.30
	 
	$9.00

	$500,001 ‐ $1,000,000
	 
	$9.90
	 
	6%
	 
	$0.60
	 
	$0.30
	 
	$9.00

	$1,000,001 ‐ $2,000,000
	 
	$9.80
	 
	5%
	 
	$0.50
	 
	$0.30
	 
	$9.00

	$2,000,001 ‐ $3,000,000
	 
	$9.70
	 
	4%
	 
	$0.40
	 
	$0.30
	 
	$9.00

	$3,000,001 ‐ $5,000,000
	 
	$9.60
	 
	3%
	 
	$0.30
	 
	$0.30
	 
	$9.00

	Over $5,000,000
	 
	$9.50
	 
	2%
	 
	$0.20
	 
	$0.30
	 
	$9.00

All commission rates and dealer manager fees are calculated assuming a price per share of $10.00. For example, a purchase of 250,000 shares in a single transaction would result in a purchase price of $2,425,000 ($9.70 per share), Selling Commissions of $100,000 and dealer manager fees of $75,000.

For purposes of determining investors eligible for volume discounts, investments made by accounts with the same primary account holder, as determined by the account tax identification number, may be combined. This includes individual accounts and joint accounts that have the same primary holder as an individual account. Investments made through individual retirement accounts may also be combined with accounts that have the same tax identification number as the beneficiary of the individual retirement account. In the event Orders are combined, the commission payable with respect to the subsequent purchase of Shares will equal the commission per share which would have been payable in accordance with the table set forth above if all purchases had been made simultaneously. Any reduction of the seven percent (7.0%) Selling Commission otherwise payable to Ameriprise will be credited to the purchaser as additional Shares. Unless Ameriprise, on behalf of purchasers, indicates that Orders are to be combined and provide all other requested information, the Company will not be held responsible for failing to combine Orders properly. 

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Purchasers may submit requests in writing to Ameriprise to aggregate subscriptions, as part of a combined order for purposes of determining the number of Shares purchased and the applicable volume discount, provided that any such request must be submitted by Ameriprise to the Dealer Manager simultaneously with the subscription for shares to which the discount is to relate. Ameriprise may make the request to the Dealer Manager on behalf of Ameriprise investors; provided, that, approval of any such volume discounts for combined purchases shall be at the sole discretion of the Dealer Manager and any such discount shall be prorated among the individual subscriptions that were combined for the purchase. 

The Company expects the Dealer Manager to authorize other broker dealers that are members of FINRA, which the Company refers to as participating broker-dealers, to sell the Shares. Except as provided in the Selected Dealer Agreements, the Dealer Manager will reallow to the participating broker-dealers all of the Selling Commissions attributable to such participating broker-dealers.  As set forth in the Prospectus, the Company will not pay any Selling Commissions in connection with the sale of Shares in the event: (i) the investor has engaged the services of a registered investment advisor with whom the investor has agreed to pay a fee for investment advisory services (except where an investor has a contract for financial planning services with a registered investment advisor that is also a registered broker dealer, such contract absent any investment advisory services will not qualify the investor for a reduction of the Selling Commission described above), or (ii) in the event the investor is investing in a bank trust account with respect to which the investor has delegated the decision-making authority for investments made in the account to a bank trust department. The Company will also offer other discounts in connection with certain other types of sales, as set forth in the “Plan Distribution” section of the Prospectus. The net proceeds to the Company will not be affected by any such discounts. 
   
The Dealer Manager will also re-allow to Ameriprise out of its dealer manager fee a marketing fee of up to one and one-half percent (1.5%) of the gross proceeds from each Share (except for Shares sold pursuant to the DRIP) sold by Ameriprise (the “Marketing Fee”); provided however, the Company will not pay Ameriprise a Marketing Fee if the aggregate underwriting compensation to be paid to all parties in connection with the Offering exceeds the limitations prescribed by FINRA.  
No payment of Selling Commissions or the Marketing Fee will be made in respect of Orders (or portions thereof) which are rejected by the Company.  As noted in Section 3(a) above, Ameriprise shall transfer to the Transfer Agent the total amount debited from such investor accounts for the purchase of Shares, net of the Selling Commission payable to Ameriprise Financial.  The Marketing Fee will be paid via Automated Clearing House (ACH) payment initiated by the Dealer Manager on the second business day following the month in which the dealer manager fee on the applicable Shares sold by Ameriprise is received by the Dealer Manager.  Selling Commissions and the Marketing Fee will be payable only with respect to transactions lawful in the jurisdictions where they occur.  Purchases of Shares by the Company, Ameriprise or its or their respective affiliates or any of their respective directors, officers and employees shall be net of Selling Commissions to the extent set forth in the Prospectus.  Ameriprise affirms that the Dealer Manager’s liability for Selling Commissions, the Marketing Fee and any other amount payable from the Dealer Manager to Ameriprise is limited solely to the amount of the Selling Commissions and the dealer manager fees received by the Dealer Manager from the Company, and Ameriprise hereby waives any and all rights to receive payment of Selling Commissions, the Marketing Fee and any other amount due to Ameriprise until such time as the Dealer Manager has received  from the Company the Selling Commissions and dealer manager fees from the sale of Shares by Ameriprise.
No Selling Commissions or Marketing Fees shall be paid to Ameriprise for purchases made by an investor pursuant to the DRIP.

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The Advisor will pay or cause to be paid to Ameriprise, the amount of any bona fide, itemized, separately invoiced due diligence expenses consistent with the language in the Prospectus and applicable regulations and FINRA rules.
Except for offers and sales of Shares to the Company’s executive officers and directors and their immediate family members, to officers and employees of the Advisor or the Advisor’s affiliates, to or through registered investment advisers or a bank acting as a trustee or fiduciary, or through any other arrangements described in the “Plan of Distribution” section of the Prospectus, the Company represents that neither it nor any of its affiliates have offered or sold any Shares pursuant to this Offering, and agrees that, through the Termination Date, the Company will not offer or sell any Shares (except for Shares offered pursuant to the DRIP) otherwise than through the Dealer Manager as provided in the Dealer Manager Agreement, Ameriprise as herein provided, the selected dealers other than Ameriprise as provided in the Selected Dealer Agreements, and registered investment advisers as provided in agreements between the Company and/or the Dealer Manager and registered investment advisers, except pursuant to arrangements described in the “Plan of Distribution” section of the Prospectus. 
(e)    Calculation of Fees.    Ameriprise will have sole responsibility, and Ameriprise’s records will provide the sole basis, for calculating fees for which Ameriprise provides invoices under this Agreement.  However, the Issuer Entities may provide records to assist Ameriprise in its calculations. 
(f)    Finders Fee.  Neither the Company nor Ameriprise shall, directly or indirectly, pay or award any finder’s fees, commissions or other compensation to any person engaged by a potential investor for investment advice as an inducement to such advisor to advise the purchase of Shares; provided, however, that normal Selling Commissions payable to a registered broker-dealer or other properly licensed person for selling Shares shall not be prohibited hereby.
4.Covenants.  Each Issuer Entity, jointly and severally, covenants and agrees with Ameriprise  that it will:
(a)    Commission Orders.  Use its best efforts to cause any amendments to the Registration Statement to become effective as promptly as possible and to maintain the effectiveness of the Registration Statement, and will promptly notify Ameriprise and confirm the notice in writing if requested, (i) when any post-effective amendment to the Registration Statement becomes effective, (ii) of the issuance by the Commission or any state securities authority of any jurisdiction of any stop order or of the initiation, or the threatening (for which it has knowledge), of any proceedings for that purpose or of the suspension of the qualification of the Shares for offering or sale in any jurisdiction or of the institution or threatening (for which it has knowledge) of any proceedings for any of such purposes, (iii) of the receipt of any material comments from the Commission with respect to the Registration Statement, the Company’s Annual Report on Form 10-K or Quarterly Report on Form 10-Q, or any other filings, (iv) of any request by the Commission for any amendment to the Registration Statement as filed or any amendment or supplement to the Prospectus or for additional information relating thereto and (v) if the Registration Statement becomes unavailable for use in connection with the Offering of the Shares for any reason.  Each of the Company and the Dealer Manager will use its best efforts to prevent the issuance by the Commission of a stop order or a suspension order and if the Commission shall enter a stop order or suspension order at any time, each of the Company and the Dealer Manager will use its best efforts to obtain the lifting of such order at the earliest possible moment.  The Company shall not accept any order for Shares during the effectiveness of any stop order or if the Registration Statement becomes unavailable for use in connection with the Offering of the Shares for any reason.

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(b)    Registration Statement.  Deliver to Ameriprise without charge promptly after the Registration Statement and each amendment or supplement thereto becomes effective, such number of copies of the Prospectus (as amended or supplemented), the Registration Statement and supplements and amendments thereto, if any (without exhibits), as Ameriprise may reasonably request.  Unless Ameriprise is otherwise notified in writing by the Company; the Company hereby consents to the use of the Prospectus or any amendment or supplement thereto by Ameriprise both in connection with the Offering and for such period of time thereafter as the Prospectus is required to be delivered in connection therewith.
(c)    “Blue Sky” Qualifications.  Endeavor in good faith to seek and maintain the approval of the Offering by FINRA, and to qualify the Shares for offering and sale under the securities laws of all 50 states and the District of Columbia and to maintain such qualification, except in those jurisdictions Ameriprise may reasonably designate; provided, however, the Company shall not be obligated to subject itself to taxation as a party doing business in any such jurisdiction.  In each jurisdiction where such qualification shall be effected, the Company will, unless Ameriprise agrees that such action is not at the time necessary or advisable, file and make such statements or reports as are or may reasonably be required by the laws of such jurisdiction.
(d)    “Blue Sky” Memorandum.  To furnish to Ameriprise, and Ameriprise may be allowed to rely upon, a “Blue Sky” Memorandum (the “Blue Sky Memorandum”), prepared by counsel reasonably acceptable to Ameriprise (with the understanding that Greenberg Traurig, LLP shall so qualify), in customary form naming the jurisdictions in which the Shares have been qualified for sale under the respective securities laws of such jurisdiction.  The Blue Sky Memorandum shall be promptly updated by counsel and provided to Ameriprise from time to time to reflect changes and updates to the jurisdictions in which the Shares have been qualified for sale. In each jurisdiction where the Shares have been qualified, the Company will make and file such statements and reports in each year as are or may be required by the laws of such jurisdiction.
(e)    Amendments and Supplements.  If during the time when a Prospectus is required to be delivered under the Securities Act, any event relating to the Company shall occur as a result of which it is necessary, in the opinion of the Company’s counsel, to amend the Registration Statement or to amend or supplement the Prospectus in order to make the Prospectus not misleading in light of the circumstances existing at the time it is delivered to an investor, or if it shall be necessary, in the opinion of the Company’s counsel, at any such time to amend the Registration Statement or amend or supplement the Prospectus in order to comply with the requirements the Securities Act or the Regulations, the Company will forthwith notify an Ameriprise representative in the Ameriprise legal department, further, the Company shall prepare and furnish without expense to Ameriprise, a reasonable number of copies of an amendment or amendments of the Registration Statement or the Prospectus, or a supplement or supplements to the Prospectus which will amend or supplement the Registration Statement or Prospectus so that as amended or supplemented it will not contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or to make the Registration Statement or the Prospectus comply with such requirements.  During the time when a Prospectus is required to be delivered under the Securities Act, the Company shall comply in all material respects with all requirements imposed upon it by the Securities Act, as from time to time in force, including the undertaking contained in the Company’s Registration Statement pursuant to Item 20.D of the Commission’s Industry Guide 5, so far as necessary to permit the continuance of sales of the Shares in accordance with the provisions hereof and the Prospectus.
(f)    Delivery of Periodic Filings.  The Company shall include with any prospectus or “investor kit” delivered to Ameriprise for distribution to potential investors in connection with the Offering a copy of the Company’s most recent Annual Report on Form 10-K, a copy of the Company’s most recent Quarterly Report on Form 10-Q filed with the Commission since such Annual Report on Form 10-K was filed, or any 

21

supplement to the Prospectus that contains the material information from such reports or incorporates such reports by reference.
(g)    Periodic Financial Information.  On or prior to the date on which there shall be released to the general public interim financial statement information related to the Company with respect to each of the first three quarters of any fiscal year or preliminary financial statement information with respect to any fiscal year, the Company shall furnish such information to Ameriprise, confirmed in writing, and shall file such information pursuant to the rules and regulations promulgated under the Securities Act or the Exchange Act as required thereunder.
(h)    Audited Financial Information.  On or prior to the date on which there shall be released to the general public financial information included in or derived from the audited financial statements of the Company for the preceding fiscal year, the Company shall furnish such information to Ameriprise, confirmed in writing, and shall file such information pursuant to the rules and regulations promulgated under the Securities Act or the Exchange Act as required thereunder.
(i)    Copies of Reports.  During the Offering, the Company will provide (which may be by electronic delivery) Ameriprise with the following:
(i)    as soon as practicable after they have been sent or made available by the Company to its stockholders or filed with the Commission, a copy of each annual and interim financial or other report provided to stockholders, excluding individual account statements sent to security holders of the Company in the ordinary course;
(ii)    as soon as practicable, a copy of every press release issued by the Company and every material news item and article in respect of the Company or its affairs released by the Company; and
     (iii)    additional documents and information with respect to the Company and its affairs as Ameriprise may from time to time reasonably request.
Documents (other than final Prospectuses or supplements or amendments thereto for distribution to investors and the documents incorporated by reference therein) required to be delivered pursuant to this Agreement (to the extent any such documents are included in materials otherwise filed with the Securities and Exchange Commission) may be delivered electronically and if so delivered, shall be deemed to have been delivered on the date (i) on which the Company posts such documents, or provides a link thereto on the Company’s website on the Internet; or (ii) on which such documents are posted on the Company’s behalf on the website of the Securities and Exchange Commission or any other Internet or intranet website, if any, to which Ameriprise has access; provided that the Company shall notify Ameriprise of the posting of any such documents.
(j)    Sales Material.  The Company will deliver to Ameriprise from time to time, all advertising and supplemental sales material (whether designated solely for broker-dealer use or otherwise) proposed to be used or delivered in connection with the Offering, prior to the use or delivery to third parties of such material, and will not so use or deliver, in connection with the Offering, any such material to Ameriprise’s customers or registered representatives without Ameriprise’s prior written consent, which consent, in the case of material required by law, rule or regulation of any regulatory body including FINRA to be delivered, shall not be unreasonably withheld or delayed.  The Company shall ensure that all advertising and supplemental sales literature used by Ameriprise will have received all required regulatory approval, which may include but is not limited to, the Commission, FINRA and state securities agencies, as applicable, prior to use by Ameriprise.  For the avoidance of doubt, ordinary course communications with the Company’s 

22

stockholders, including without limitation, the delivery of annual and quarterly reports and financial information, dividend notices, reports of net asset value and information regarding the tax treatment of distributions and similar matters shall not be considered advertising and supplemental sales material, unless the context otherwise requires.  
(k)    Use of Proceeds.  Apply the proceeds from the sale of Shares substantially as set forth in the section of the Prospectus entitled “Estimated Use of Proceeds” and operate the business of the Company in all material respects in accordance with the descriptions of its business set forth in the Prospectus.
(l)    Prospectus Delivery.  Within the time during which a prospectus relating to the Shares is required to be delivered under the Securities Act, the Company will comply with all requirements imposed upon it by the Securities Act, as now and hereafter amended, and by the Rules and Regulations, as from time to time in force, so far as necessary to permit the continuance of sales of or dealings in the Shares as contemplated by the provisions hereof and the Prospectus. The Dealer Manager confirms that it is familiar with Rule 15c2-8 under the Exchange Act, relating to the distribution of preliminary and final prospectuses, and confirms that it has complied and will comply therewith in connection with the Offering of Shares contemplated by this Agreement, to the extent applicable.
(m)    Financial Statements.  Make generally available to its stockholders as soon as practicable, but not later than the Availability Date, an earnings statement of the Company (in form complying with the provisions of Rule 158 under the Securities Act) covering a period of 12 months beginning after the Effective Date but not later than the first day of the Company’s fiscal quarter next following the Effective Date.  For purposes of the preceding sentence, “Availability Date” means the 45th day after the end of the fourth fiscal quarter following the fiscal quarter that includes such Effective Date, except that, if such fourth fiscal quarter is the last quarter of the Company’s fiscal year, “Availability Date” means the 90th day after the end of such fourth fiscal quarter (or if either of such dates specified above is a day the Commission is not open to receive filings, then the next such day that the Commission is open to receive filings).
(n)    Compliance with Exchange Act.  Comply with the requirements of the Exchange Act relating to the Company’s obligation to file and, as applicable, deliver to its stockholders periodic reports including annual reports on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K.
(o)    Title to Property.  The Company (or any partnership or joint venture holding title to a particular Property) will acquire good and marketable title to each Property to be owned by it, as described in the Prospectus and future supplements to the Prospectus, it being understood that the Company may incur debt with respect to Properties and other assets in accordance with the Prospectus; and except as stated in the Prospectus, the Company (or any such partnership or joint venture) will possess all licenses, permits, zoning exceptions and approvals, consents and orders of governmental, municipal or regulatory authorities required for the ownership of the Properties, and prior to the commencement of construction for the development of any vacant land included therein as contemplated by the Prospectus, except where the failure to possess any such license, permit, zoning exception or approval, consent or order could not be reasonably likely to cause a Material Adverse Effect.                                                  
(p)    Licensing and Compliance.  The Company and the Dealer Manager covenant that any persons employed or retained by them to provide sales support or wholesaling services in support of Ameriprise or its clients shall be licensed in accordance with all applicable laws, will comply with all applicable federal and state securities laws and regulations, and will use only sales literature approved and authorized by the Company and the Dealer Manager.

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(q)    Reimbursement Policy.  The Company, the Dealer Manager and any agents of either, including any of the Dealer Manager’s wholesalers, shall comply in all material respects with (i) all applicable federal and state laws, regulations and rules and the rules of any applicable self-regulatory organization, including but not limited to, FINRA rules and interpretations governing cash and non-cash compensation, (ii) Ameriprise’s policies governing Marketing Fees, cash compensation and non-cash compensation as communicated in writing to the Dealer Manager, with respect to cash and non-cash payments to Ameriprise Financial and associated persons of Ameriprise Financial, and (iii) Ameriprise’s wholesaler reimbursement policy as communicated in writing to the Dealer Manager, as amended from time to time in Ameriprise’s sole discretion; provided that such policies comply with the rules and regulations of FINRA and the Dealer Manager is notified in writing of any changes to such policies. 
(r)     Trade Names and Trademarks.  No Issuer Entity may use any company name, trade name, trademark or service mark or logo of Ameriprise or any person or entity controlling, controlled by, or under common control with Ameriprise without Ameriprise’s prior written consent.  
5.    Covenants of Ameriprise.  Ameriprise covenants and agrees with the Company as follows:
(a)    Prospectus Delivery.  Ameriprise confirms that it is familiar with Rule 15c2-8 under the Exchange Act and with Section III.E.1 of the NASAA Guidelines, relating to the distribution of preliminary and final prospectuses, and confirms that it has complied and will comply therewith in connection with the Offering of the Shares contemplated by this Agreement, to the extent applicable.
(b)    Accuracy of Information.  No information supplied by Ameriprise specifically for use in the Registration Statement will contain any untrue statements of a material fact or omit to state any material fact necessary to make such information not misleading.
(c)    No Additional Information.  Ameriprise will not give any information or make any representation in connection with the Offering of the Shares other than that contained in the Prospectus, the Registration Statement, and any of the Company’s other filings under the Securities Act or the Exchange Act which are incorporated by reference into the Prospectus or filed as a supplement to the Prospectus or advertising and supplemental sales material contemplated by this Agreement and approved by the Company. 
(d)    Sale of Shares.  Ameriprise shall solicit purchasers of the Shares only in the jurisdictions in which Ameriprise has been advised by the Company (including pursuant to the Blue Sky Memorandum, and any updates thereto, delivered to Ameriprise pursuant to Section 4(d)) that such solicitations can be made and in which Ameriprise is qualified to so act.  
6.    Payment of Expenses.
(a)    Expenses.  Whether or not the transactions contemplated in this Agreement are consummated or if this Agreement is terminated, the Company and/or the Dealer Manager, as designated in the Prospectus, will pay or cause to be paid, in addition to the compensation described in Section 3(d) (which Ameriprise may retain up to the point of termination unless this agreement is terminated without any Shares being sold, in which case no such compensation shall be paid), all fees and expenses incurred in connection with the formation, qualification and registration of the Company and in marketing, distributing and processing the Shares under applicable Federal and state law, and any other fees and expenses actually incurred and directly related to the Offering and the Company’s other obligations under this Agreement, including such fees and expenses as: (i) the preparing, printing, filing and delivering of the Registration Statement (as originally filed and all amendments thereto) and of the Prospectus and any amendments thereof or supplements thereto and the preparing and printing of this Agreement and Order Forms, including the cost of all copies thereof 

24

and any financial statements or exhibits relating to the foregoing supplied to Ameriprise in quantities reasonably requested by Ameriprise; (ii) the preparing and printing of the subscription material and related documents and the filing and/or recording of such certified certificates or other documents necessary to comply with the laws of the State of Maryland for the formation of a corporation and thereafter for the continued good standing of the Company; (iii) the issuance and delivery of the Shares, including any transfer or other taxes payable thereon; (iv) the qualification or registration of the Shares under state securities or “blue sky” laws; (v) the filing fees payable to the Commission and to FINRA; (vi) the preparation and printing of advertising material in connection with and relating to the Offering, including the cost of all sales literature and investor and broker-dealer sales and information meetings; (vii) the cost and expenses of counsel and accountants of the Company; and (viii) subject to Section 6(d), and as mutually agreed upon, Ameriprise’s costs of technology associated with the offering, other costs and expenses related to such technology costs, and the facilitation of the marketing of the Shares and the ownership of such Shares by Ameriprise’s customers, including fees to attend Company-sponsored conferences; and (ix) any other expenses of issuance and distribution of the Shares.  
(b)    Ad Hoc Requests.  From time to time, the Issuer Entities may make requests that can reasonably be regarded as being related to but separate from the services contemplated by this Agreement (the “Services”) or that otherwise fall outside the ordinary course of business relationships such as the one contemplated under this Agreement (“Ad Hoc Requests”).  Examples of Ad Hoc Requests include, but are not limited to, requests that would require Ameriprise to implement information technology modifications, participate in or respond to audits, inspections or compliance reviews, or respond to or comply with document requests.  To the extent that Ameriprise’s compliance with an Ad Hoc Request would cause Ameriprise to incur additional material expenses, the Company and Ameriprise will mutually agree as to the payment of such expenses between the parties.  Ameriprise reserves the right to refuse to comply with an Ad Hoc Request if the parties are unable to reach an agreement on payment of reasonable expenses unless payment of such expenses would violate FINRA rules and provided that consent to an agreement has not been unreasonably withheld; it being understood that consent shall not be deemed to be unreasonably withheld if the payment for such Ad Hoc Requests, individually or when aggregated with other amounts to be paid to Ameriprise pursuant to this Agreement, would violate FINRA rules.  Payment for Ad Hoc Requests will be separate from and above the payments for the Services but shall be included as applicable, when calculating total compensation paid to Ameriprise for purposes of the limitations described in Section 6(d) hereof. 
(c)    Calculation of Expenses.  Ameriprise will have sole responsibility, and Ameriprise’s records will provide the sole basis for calculating expenses (including, but not limited to, wholesaler reimbursements, conference fees and the fees addressed in Section 6(a) and (b) of the Agreement) for which Ameriprise provides invoices under this Agreement.  However, the Issuer Entities may provide records to assist Ameriprise in its calculations.
(d)    Limitations.  Notwithstanding the foregoing, the total compensation paid to Ameriprise from the Issuer Entities in connection with the Offering pursuant to Section 3(d) hereof and this Section 6 shall not exceed the limitations prescribed by FINRA, including the 10% limitation prescribed by FINRA Rule 2310 on compensation of selected dealers, which is calculated with respect to the gross proceeds from sales of Shares by Ameriprise (except for Shares sold pursuant to the DRIP).  The Company, the Dealer Manager and Ameriprise agree to monitor the payment of all fees and expense reimbursements to assure that FINRA limitations are not exceeded.  Accordingly, if at any time during the term of the Offering, the Company determines in good faith that any payment to Ameriprise pursuant to this Agreement could result in a violation of the applicable FINRA regulations, the Company shall promptly notify Ameriprise, and the Company and Ameriprise agree to cooperate with each other to implement such measures as they determine are necessary 

25

to ensure continued compliance with applicable FINRA regulations.    However, nothing in this Agreement shall relieve Ameriprise of its obligations to comply with FINRA Rule 2310.
7.    Conditions of Ameriprise’s Obligations.  Ameriprise’s obligations hereunder shall be subject to the continued accuracy throughout the Effective Term of the representations, warranties and agreements of the Company, to the performance by the Company of its obligations hereunder and to the following terms and conditions:
(a)    Effectiveness of Registration Statement.  The Registration Statement shall have initially become effective not later than 5:30 P.M., Eastern time, on the date of this Agreement and, at any time during the Effective Term, no stop order shall have been issued or proceedings therefor initiated or threatened by the Commission; and all requests for additional information on the part of the Commission and state securities administrators shall have been complied with and no stop order or similar order shall have been issued or proceedings therefor initiated or threatened by any state securities authority in any jurisdiction in which the Company intends to offer Shares.
(b)    Closings.  The Company, the Advisor and the Dealer Manager will deliver or cause to be delivered to Ameriprise, as a condition of Ameriprise’s obligations hereunder, those documents as described in this Section 7 as of the date hereof and, as applicable, on or before the fifth business day following the date that each post-effective amendment to the Registration Statement filed by the Company prior to the earlier of the termination of the primary offering of up to $1,650,000,000 in Shares pursuant to the Registration Statement (the “Primary Offering”) or the termination of this Agreement shall have been declared effective by the Commission (each such date, a “Documented Closing Date”); provided that if a Documented Closing Date has not occurred within ninety (90) days of the previous Documented Closing Date, the 90th day following the previous Documented Closing Date shall be deemed to be a Documented Closing Date through the termination of the Primary Offering, and also provided, further, that the earlier to occur of the date on which (i) the Company terminates the Primary Offering or (ii) this Agreement is otherwise terminated by any party shall also be  deemed to be a Documented Closing Date, and the Company, the Advisor and the Dealer Manager will deliver or cause to be delivered to Ameriprise, those documents as described in Section 7 on or before the tenth business day following such date.   
(c)    Opinion of Counsel.  Ameriprise shall receive the favorable opinion of Greenberg Traurig, LLP, counsel for the Company, the Dealer Manager and the Advisor, dated as of the date hereof or as of each Documented Closing Date, as applicable, addressed to Ameriprise substantially in the form attached hereto as Exhibit A. Ameriprise Financial shall receive the favorable opinion of Venable LLP, Maryland counsel for the Company, dated as of the date hereof or as of each Documented Closing Date, as applicable, addressed to Ameriprise Financial substantially in the form attached hereto as Exhibit B. Ameriprise Financial shall receive the favorable opinion of Hunton & Williams LLP, Investment Company Act counsel for the Company, dated as of the date hereof or as of each Documented Closing Date, as applicable, addressed to Ameriprise Financial substantially in the form attached hereto as Exhibit C. Ameriprise Financial shall receive the favorable opinion of Mourant Ozannes, Jersey counsel for the Advisor, dated as of the date hereof or as of each Documented Closing Date, as applicable, addressed to Ameriprise Financial substantially in the form attached hereto as Exhibit D. Ameriprise Financial shall receive the favorable opinion of Sullivan & Cromwell, counsel for the Sponsor, dated as of the date hereof or as of each Documented Closing Date, as applicable, addressed to Ameriprise Financial substantially in the form attached hereto as Exhibit E.
(d)    Accountant’s Letter.  On the date hereof, Ameriprise shall have received from Grant Thornton LLP, or such other independent accounting firm that the Company may engage from time to time, a comfort letter, in form and substance reasonably satisfactory to Ameriprise in all material respects. 

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(e)    Update of Accountant’s Letter.  Ameriprise shall receive from Grant Thornton LLP, or such other independent accounting firm that the Company may engage from time to time, on each Documented Closing Date, a comfort letter, in form and substance reasonably satisfactory to Ameriprise in all material respects, provided that (i) the specified procedures date referred to in such comfort letter shall be a date not more than five days prior to each such Documented Closing Date, (ii) such comfort letter shall cover the Registration Statement and Prospectus (including all documents incorporated by reference therein, as amended and supplemented through the date of the latest post-effective amendment that triggers such Documented Closing Date (the “Current Filing”), and (iii) if financial statements or financial information of any other entity are included in the Current Filing, the comfort letter to be received by Ameriprise shall also cover such financial statements or financial information. 
(f)    Stop Orders.  On the Effective Date and during the Effective Term no order suspending the sale of the Shares in any jurisdiction nor any stop order issued by the Commission shall have been issued, and on the Effective Date and during the Effective Term no proceedings relating to any such suspension or stop orders shall have been instituted, or to the knowledge of the Company, shall be contemplated.
(g)    “Blue Sky” Memorandum.  On or before the date hereof, and on each Documented Closing Date, Ameriprise shall have received the Blue Sky Memorandum described in Section 4(d) above.
(h)    Information Concerning the Advisor.  On the date hereof and as of each Documented Closing Date, Ameriprise shall receive a letter dated as of such date from the Advisor, confirming that: (1) the Advisory Agreement has been duly and validly authorized, executed and delivered by the Advisor and constitutes a valid agreement of the Advisor enforceable in accordance with its terms; (2) the execution and delivery of the Advisory Agreement, the consummation of the transactions therein contemplated and compliance with the terms of the Advisory Agreement by the Advisor will not conflict with or constitute a default under its memorandum and articles of association or any indenture, mortgage, deed of trust, lease or other agreement or instrument to which the Advisor is a party, or a violation of any law, order, rule or regulation, writ, injunction or decree of any government, governmental instrumentality or court, domestic or foreign, having jurisdiction over the Advisor, or any of its property, except for such conflicts, defaults or violations that would not reasonably be expected to have a Material Adverse Effect; (3) no consent, approval, authorization or order of any court or other governmental agency or body has been or is required for the performance of the Advisory Agreement by the Advisor, or for the consummation of the transactions contemplated thereby, other than those that have been already made or obtained; and (4) the Advisor is a Jersey limited company duly organized, validly existing and in good standing under the laws of Jersey, Channel Islands, and is duly qualified to do business as a foreign limited company in each other jurisdiction in which the nature of its business would make such qualification necessary and the failure to so qualify could reasonably be expected to have a Material Adverse Effect.
(i)    Confirmation.  As of the date hereof and at each Documented Closing Date, as the case may be:
		
	i.
	the representations and warranties of each of the Issuer Entities in the Agreement shall be true and correct with the same effect as if made on the date hereof or the Documented Closing Date, as the case may be, and each of the Issuer Entities have performed all covenants or conditions on their part to be performed or satisfied at or prior to the date hereof or respective Documented Closing Date;

		
	ii.
	the Registration Statement (and any amendments or supplements thereto and any documents incorporated by reference therein) does not include any untrue 

27

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, and the Prospectus (and any amendments or supplements thereto and any documents incorporated by reference therein) does not include any 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, in light of the circumstances under which they were made, not misleading;
		
	iii.
	except as set forth in the Prospectus, there shall have been no material adverse change in the business, properties, prospects or condition (financial or otherwise) of the Company subsequent to the date of the latest balance sheets provided in the Registration Statement and the Prospectus; and

		
	iv.
	since the date hereof, no event has occurred which should have been set forth in an amendment or supplement to the Prospectus in order to cause such Prospectus not to contain an untrue statement of material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading, but which has not been so set forth.

Ameriprise shall receive a certificate dated the date hereof and each Documented Closing Date, as the case may be, confirming the above.
If any of the conditions specified in this Agreement shall not have been fulfilled when and as required by this Agreement, all Ameriprise’s obligations hereunder and thereunder may be canceled by Ameriprise by notifying the Company of such cancellation in writing or by telecopy at any time, and any such cancellation or termination shall be without liability of any party to any other party except as otherwise provided in Sections 3(d), 6, 8, 9 and 10 of this Agreement.  All certificates, letters and other documents referred to in this Agreement will be in compliance with the provisions hereof only if they are reasonably satisfactory in form and substance to Ameriprise and Ameriprise’s counsel.  The Company will furnish Ameriprise with conformed copies of such certificates, letters and other documents as Ameriprise shall reasonably request.
		
	8.
	   Indemnification.

(a)    Indemnification by the Issuer Entities. Each Issuer Entity, jointly and severally, agrees to indemnify, defend and hold harmless Ameriprise and each person, if any, who controls Ameriprise within the meaning of Section 15 of the Securities Act, and any of their respective officers, directors, employees and agents from and against any and all loss, liability, claim, damage and expense whatsoever (including but not limited to any and all expenses whatsoever reasonably incurred in investigating, preparing for, defending against or settling any litigation, commenced or threatened, or any claim whatsoever) arising out of or based upon:  
(i)    any untrue or alleged untrue statement of a material fact contained: (i) in the Registration Statement (or any amendment thereto) or in the Prospectus (as from time to time amended or supplemented) or any related preliminary prospectus; (ii) in any application or other document (in this Section 8 collectively called “application”) executed by an Issuer Entity or based upon information furnished by an Issuer Entity and filed in any jurisdiction in order to qualify the Shares under the securities laws thereof, or in any amendment or supplement thereto; or (iii) in the Company’s periodic reports such as Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and current reports on Form 8-K; provided 

28

however that no Issuer Entity shall be liable in any such case to the extent any such statement or omission was made in reliance upon and in conformity with written information furnished to an Issuer Entity by Ameriprise expressly for use in the Registration Statement or related preliminary prospectus or Prospectus or any amendment or supplement thereof or in any of such applications or in any such sales as the case may be;
(ii)    the omission or alleged omission from (i) the Registration Statement (or any amendment thereto) or in the Prospectus (as from time to time amended or supplemented); (ii) any applications; or (iii) the Company’s periodic reports such as Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and current reports on Form 8-K, of a material fact required to be stated therein or necessary to make the statements therein in light of the circumstances under which they were made not misleading; provided however that no Issuer Entity shall be liable in any such case to the extent any such statement or omission was made in reliance upon and in conformity with written information furnished to the Company by Ameriprise expressly for use in the Registration Statement or related preliminary prospectus or Prospectus or any amendment or supplement thereof or in any of such applications or in any such sales as the case may be;
(iii)    any untrue statement of a material fact or alleged untrue statement of a material fact contained in any supplemental sales material (whether designated for broker-dealer use or otherwise) approved by the Company for use by Ameriprise or any omission or alleged omission to state therein a material fact required to be stated or necessary in order to make the statements therein, in light of the circumstances under which they were made and when read in conjunction with the Prospectus delivered therewith not misleading;
(iv)    any communication regarding the valuation of the Shares provided by or on behalf of the Company; and 
(v)    the breach by any Issuer Entity or any employee or agent acting on their behalf, of any of the representations, warranties, covenants, terms and conditions of this Agreement.  
Notwithstanding the foregoing, no indemnification by an Issuer Entity of Ameriprise  or each person, if any, who controls Ameriprise within the meaning of Section 15 of the Securities Act, and any of their respective officers, directors, employees and agents or its officers, directors or control persons, pursuant to Section 8(a) shall be permitted under this Agreement for, or arising out of, an alleged violation of federal or state securities laws, unless one or more of the following conditions are met: (1) there has been a successful adjudication on the merits of each count involving alleged securities law violations as to the particular indemnitee; (2) such claims have been dismissed with prejudice on the merits by a court of competent jurisdiction as to the particular indemnitee; or (3) a court of competent jurisdiction approves a settlement of the claims against the indemnitee and finds that indemnification of the settlement and the related costs should be made, and the court considering the request for indemnification has been advised of the position of the Commission and of the published position of any state securities regulatory authority in which the securities were offered or sold as to indemnification for violations of securities laws.
(b)    Indemnification by Ameriprise.  Subject to the conditions set forth below, Ameriprise  agrees to indemnify, defend and hold harmless each Issuer Entity, each of their directors and trustees, those of its officers who have signed the Registration Statement and each other person, if any, who controls an Issuer Entity within the meaning of Section 15 of the Securities Act to the same extent as the foregoing indemnity from an Issuer Entity contained in subsections (a)(i) and (a)(ii) of this Section, as incurred, but only with 

29

respect to an untrue statement or alleged untrue statement of a material fact or omission or alleged omission to state a material fact in the Registration Statement (as from time to time amended or supplemented) or Prospectus, or any related preliminary prospectus, or any application made in reliance upon or, in conformity with, written information furnished by Ameriprise expressly for use in such Registration Statement or Prospectus or any amendment or supplement thereto, or in any related preliminary prospectus or in any of such applications.
(c)    Procedure for Making Claims.  Each indemnified party shall give prompt notice to each indemnifying party of any claim or action (including any governmental investigation) commenced against it in respect of which indemnity may be sought hereunder, but failure to so notify any indemnifying party shall not relieve it from any liability that it may have hereunder, except to the extent it has been materially prejudiced by such failure, and in any event shall not relieve it from any liability which it may have otherwise than on account of this indemnity agreement.  The indemnifying party, jointly with any other indemnifying parties receiving such notice, shall assume the defense of such action with counsel chosen by it and reasonably satisfactory to the indemnified parties defendant in such action, unless such indemnified parties reasonably object to such assumption on the ground that there may be legal defenses available to them which are different from or in addition to those available to such indemnifying party.  Any indemnified party shall have the right to employ a separate counsel in any such action and to participate in the defense thereof but the fees and expenses of such counsel shall be borne by such party unless such party has objected in accordance with the preceding sentence, in which event such commercially reasonable fees and expenses shall be borne by the indemnifying parties.  Except as set forth in the preceding sentence, if an indemnifying party assumes the defense of such action, the indemnifying party shall not be liable for any fees and expenses of separate counsel for the indemnified parties incurred thereafter in connection with such action.  In no event shall the indemnifying parties be liable for the commercially reasonable fees and expenses of more than one counsel for all indemnified parties in connection with any one action or separate but similar or related actions in the same jurisdiction arising out of the same general allegations or circumstances.
The indemnity agreements contained in this Section 8 and the warranties and representations contained in this Agreement shall remain in full force and effect regardless of any investigation made by or on behalf of the indemnified party and shall survive any termination of this Agreement.  An indemnifying party shall not be liable to an indemnified party on account of any settlement, compromise or consent to the entry of judgment of any claim or action effected without the consent of such indemnifying party.  The Company agrees promptly to notify Ameriprise of the commencement of any litigation or proceedings against the Company in connection with the issue and sale of the Shares or in connection with the Registration Statement or Prospectus.
(d)    Contribution.  Subject to the limitations and exceptions set forth in Section 8(a) hereof and in order to provide for just and equitable contribution where the indemnification provided for in this Section 8 is unavailable to or insufficient to hold harmless an indemnified party under subsection (a) or (b) above in respect of any losses, liabilities, claims, damages or expenses (or actions in respect thereof) referred to therein (collectively, “Losses”), except by reason of the terms thereof, the Issuer Entities on the one hand and Ameriprise on the other shall contribute to the amount paid or payable by such indemnified party as a result of such Losses (or actions in respect thereof) in such proportion as is appropriate to reflect the relative benefits received by each of the Issuer Entities, on the one hand, and Ameriprise on the other from the Offering based on the public offering price of the Shares sold and the Selling Commissions, Marketing Fees and due diligence expense reimbursements received by Ameriprise with respect to such Shares sold.  If, however, the allocation provided by the immediately preceding sentence is not permitted by applicable law, then each applicable indemnifying party, in lieu of indemnifying such indemnified party, shall contribute to the amount paid or payable by such indemnified party in such proportion as is appropriate to reflect not only 

30

such relative benefits referred to above but also the relative fault of the Issuer Entities, on the one hand and Ameriprise on the other in connection with the statements or omissions which resulted in such Losses (or actions in respect thereof), as well as any other relevant equitable considerations.  The relative benefits received by the Issuer Entities, on the one hand and Ameriprise on the other shall be deemed to be in the same proportion as (a) the sum of (i) the aggregate net compensation retained by the Issuer Entities and their affiliates for the purchase of Shares sold by Ameriprise  and (ii) total proceeds from the Offering (net of Selling Commissions, Marketing Fees and due diligence expense reimbursements paid to Ameriprise but before deducting expenses) received by the Company from the sale of Shares by Ameriprise bears to (b) the Selling Commissions, Marketing Fees and due diligence expense reimbursements retained by Ameriprise.  The relative fault shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission to state a material fact relates to information supplied by an Issuer Entity, on the one hand or Ameriprise on the other.  The Company agrees with Ameriprise that it would not be just and equitable if contribution pursuant to this subsection (d) were determined by pro rata allocation, or by any other method of allocation which does not take account of the equitable considerations referred to above in this subsection (d).  The amount paid or payable by an indemnified party as a result of the Losses referred to above in this subsection (d) shall be deemed to include any legal or other expenses reasonably incurred by such indemnified party in connection with investigating or defending any such action or claim.  Notwithstanding the provisions of this subsection (d), Ameriprise shall not be required to contribute any amount in excess of the amount by which the total price at which the Shares subscribed for through Ameriprise were offered to the subscribers exceeds the amount of any damages which Ameriprise has otherwise been required to pay by reason of any such untrue or alleged untrue statement or omission or alleged omission.  Further, in no event shall the amount of Ameriprise’s contribution to the liability exceed the aggregate Selling Commissions, Marketing Fees, due diligence expense reimbursements and any other compensation retained by Ameriprise from the proceeds of the Offering.  No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act or Section 10(b) of the Exchange Act, as amended) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation.  For purposes of this Section, any person that controls Ameriprise within the meaning of Section 15 of the Securities Act shall have the same right to contribution as Ameriprise, and each person who controls the Company within the meaning of Section 15 of the Securities Act shall have the same right to contribution as the Company.    
9.    Representations and Agreements to Survive.  All representations and warranties contained in this Agreement or in certificates and all agreements contained in Sections 3(d), 6, 8, 9, 10 and 17 of this Agreement shall remain operative and in full force and effect regardless of any investigation made by any party, and shall survive the termination of this Agreement. 
10.    Effective Date, Term and Termination of this Agreement.
(a)    This Agreement shall become effective as of the date it is executed by all parties hereto.  After this Agreement becomes effective, any party may terminate it at any time for any reason by giving two days’ prior written notice to the other parties.  Ameriprise will suspend or terminate the offer and sale of Shares as soon as practicable after being requested to do so by the Company or the Dealer Manager at any time.
(b)    Additionally, Ameriprise shall have the right to terminate this Agreement at any time during the Effective Term without liability of any party to any other party except as provided in Section 10(c) hereof if: (i) any representations or warranties of  any Issuer Entity hereunder shall be found to have been incorrect; or (ii) any Issuer Entity shall fail, refuse or be unable to perform any condition of its obligations hereunder, or (iii) the Prospectus shall have been amended or supplemented despite Ameriprise’s objection to such 

31

amendment or supplement, or (iv) the United States shall have become involved in a war or major hostilities or a material escalation of hostilities or acts of terrorism involving the United States or other national or international calamity or crisis (other than hostilities including Iraq and Afghanistan); or (v) a banking moratorium shall have been declared by a state or federal authority or person; or (vi) the Company shall have sustained a material or substantial loss by fire, flood, accident, hurricane, earthquake, theft, sabotage or other calamity or malicious act which, whether or not said loss shall have been insured, will in Ameriprise’s good faith opinion make it inadvisable to proceed with the offering and sale of the Shares; or (vii) there shall have been, subsequent to the dates information is given in the Registration Statement and the Prospectus, such change in the business, properties, affairs, condition (financial or otherwise) or prospects of the Company whether or not in the ordinary course of business or in the condition of securities markets generally as in Ameriprise’s good faith judgment would make it inadvisable to proceed with the offering and sale of the Shares, or which would materially adversely affect the operations of the Company.
(c)    In the event this Agreement is terminated by any party pursuant to Sections 10(a) or 10(b) hereof, the Company shall pay all expenses of the Offering as required by Section 6 hereof and no party will have any additional liability to any other party except for any liability which may exist under Sections 3(d) and 8 hereof.  Following the termination of the Offering, in no event will the Company be liable to reimburse Ameriprise for expenses other than as set forth in the previous sentence and Ameriprise’s actual and reasonable out-of-pocket expenses incurred following the termination of the Offering, including, without limitation, the cost of data transmissions and other related client transmissions.  
(d)    If Ameriprise elects to terminate this Agreement as provided in this Section 10, Ameriprise shall notify the Company promptly by telephone or facsimile with confirmation by letter.  If the Company elects to terminate this Agreement as provided in this Section 10, the Company shall notify Ameriprise promptly by telephone or facsimile with confirmation by letter.
		
	11.
	Notices.

(a)    All communications hereunder, except as herein otherwise specifically provided, shall be in writing and if sent to an Issuer Entity shall be mailed, or personally delivered, to 399 Park Avenue, 18th Floor, New York, New York 10022, Attention: General Counsel, with a copy to Daniel R. Gilbert, Chief Investment and Operating Officer of the Advisor, at 11 Waterloo Lane, Pembroke HM 08 Bermuda, and if sent to Ameriprise shall be mailed, or personally delivered, to 369 Ameriprise Financial Center, Minneapolis, MN 55474, Attention: General Counsel. 
(b)    Notice shall be deemed to be given by any respective party to any other respective party when it is mailed or personally delivered as provided in subsection (a) of this Section 11.
12.    Parties.  This Agreement shall inure solely to the benefit of, and shall be binding upon Ameriprise, the Issuer Entities, and the controlling persons, trustees, directors and officers referred to in Section 8 hereof, and their respective successors, legal representatives and assigns, and no other person shall have or be construed to have any legal or equitable right, remedy or claim under or in respect of or by virtue of this Agreement or any provision herein contained.  Notwithstanding the foregoing, this Agreement may not be assigned without the consent of the parties hereto.
13.    Choice of Law and Arbitration.  
(a)    Regardless of the place of its physical execution or performance, the provisions of this Agreement will in all respects be construed according to, and the rights and liabilities of the parties hereto 

32

will in all respects be governed by, the substantive laws of New York without regard to and exclusive of New York’s conflict of laws rules.
(b)    Any dispute between the parties concerning this Agreement not resolved between the parties will be arbitrated in accordance with the rules and regulations of FINRA.  In the event of any dispute between Ameriprise and any Issuer Entity, Ameriprise and such Issuer Entity will continue to perform its respective obligations under this Agreement in good faith during the resolution of such dispute unless and until this Agreement is terminated in accordance with the provisions hereof.
14.    Certain Waivers.   Each Issuer Entity hereby abandons any right it may have under the existing or future law of the Island of Jersey whether by virtue of: (a) the "droit de discussion" or otherwise to require that recourse be had by Ameriprise (or any other person claiming under the indemnity set out in Section 8 of the Agreement) to the assets of any other person before any claim is enforced against the Issuer Entity in respect of the obligations assumed by it under the indemnity set out in Section 8 hereto; and (b) the "droit de division" or otherwise to require that any liability under the indemnity set out in Section 8 be apportioned or divided with any other person or be reduced in any manner whatsoever.

15.    Counterparts.  This Agreement may be signed by the parties hereto in two or more counterparts, each of which shall be deemed to be an original, which together shall constitute one and the same Agreement among the parties.
16.    Finders’ Fees.  Ameriprise shall have no liability for any finders’ fees owed in connection with the transactions contemplated by this Agreement.
17.    Severability.  Any provision of this Agreement, which is invalid or unenforceable in any jurisdiction, shall be ineffective to the extent of such invalidity or unenforceability without invalidating or rendering unenforceable the remaining provisions hereof, and any such invalidity or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provisions in any other jurisdiction.
18.    Use and Disclosure of Confidential Information.  Notwithstanding anything to the contrary contained in this Agreement, and in addition to and not in lieu of other provisions in this Agreement:
 (a)    “Confidential Information” includes, but is not limited to, all proprietary and confidential information of any party to this Agreement and its subsidiaries, affiliates, and licensees, including without limitation all information regarding the business and affairs of the parties, all information regarding its customers and the customers of its subsidiaries, affiliates, or licensees;  the accounts, account numbers, names, addresses, social security numbers or any other personal identifier of such customers; and any information derived therefrom.  Confidential Information will not include information which is (i) in or becomes part of the public domain, except when such information is in the public domain due to disclosure by any party that violates the terms of this Agreement, (ii) demonstrably known to any party to this Agreement prior to April 11, 2014, (iii) independently developed by a party to this Agreement in the ordinary course of business without reference to or reliance upon any Confidential Information furnished by any party to this Agreement, or (iv) rightfully and lawfully obtained by any party to this Agreement or from any third party other than any party to this Agreement without restriction and without breach of this Agreement. 
(b)    Each party agrees that it may not use or disclose Confidential Information for any purpose other than to carry out the purpose for which Confidential Information was provided to it as set forth in this Agreement and/or as may otherwise be required or compelled by applicable law, regulation or court order, and agrees to cause its respective parent company, subsidiaries and affiliates, and consultants or other entities, 

33

including its directors, officers, employees and designated agents, representatives or any other party retained for purposes specifically and solely related to the use or evaluation of Confidential Information as provided for in this Section 18 (“Representatives”) to limit the use and disclosure of Confidential Information to that purpose.  If any party or any of its respective Representatives is required or compelled by applicable law, regulation, court order, decree, subpoena or other validly issued judicial or administrative process to disclose Confidential Information, such party shall use commercially reasonable efforts to notify the appropriate party of such requirement prior to making the disclosure. 
(c)    Each party agrees to implement reasonable measures designed (i) to assure the security and confidentiality of Confidential Information; (ii) to protect Confidential Information against any anticipated threats or hazards to the security or integrity of such information; (iii) to protect against unauthorized access to, or use of, Confidential Information that could result in substantial harm or inconvenience to any customer; (iv) to protect against unauthorized disclosure of non-public personal information to unaffiliated third parties; and (v) to otherwise ensure its compliance with all applicable domestic, foreign and local laws and regulations (including, but not limited to, the Gramm-Leach-Bliley Act and Massachusetts 201 C.M.R. sections 17.00-17.04, as applicable ) and any other legal, regulatory or SRO requirements.  Each party further agrees to cause all of its respective Representatives or any other party to whom it may provide access to or disclose Confidential Information to implement appropriate measures designed to meet the objectives set forth in this paragraph.  Each party agrees that if there is a breach or threatened breach of the provisions of this Section 18, the other party may have no adequate remedy in money or damages and accordingly shall be entitled to seek injunctive relief and any other appropriate equitable remedies for any such breach without proof of actual injury.  Each party further agrees that it shall not oppose the granting of such relief and that it shall not seek, and agrees to waive any requirement for, the posting of any bond in connection therewith.  Such remedies shall not be deemed to be the exclusive remedies for any breaches of the provisions of this Section 18 by a party or its respective representatives, and shall be in addition to all other remedies available at law or in equity.
 (d)    Upon a party’s request, the other parties shall promptly return to the requesting party any Confidential Information (and any copies, extracts, and summaries thereof) of which it is in possession, or, with the requesting party’s written consent, shall promptly destroy, in a manner satisfactory to the requesting party, such materials (and any copies, extracts, and summaries thereof) and shall further provide the requesting party with written confirmation of same; provided, that, each of the other parties shall be permitted to (i) retain all or any portion of the Confidential Information, in accordance with the confidentiality obligations specified in this Section 18, to the extent required by applicable law or regulatory authority; and (ii) retain or use any such Confidential Information in connection with investigating or defending itself against allegations or claims made or threatened by regulatory authorities under applicable securities laws if reasonably necessary; provided that, promptly upon receiving any such demand or request and, to the extent it may legally do so, such receiving party advises the disclosing party of such demand or request prior to making such disclosure.
19.    Entire Agreement.  This Agreement constitutes the entire agreement between the Parties with respect to the subject matter contained in this Agreement, including any information related to the subject matter of this Agreement exchanged between the parties prior to the Effective Date of this Agreement, and supersedes all previous agreements, promises, proposals, representations, understandings and negotiations, whether written or oral, between the Parties respecting such subject matter, and in particular (but not limited to) that Mutual Confidentiality Agreement dated February 18, 2014 between Ameriprise and the Company. 

34

20.    Amendments.  This Agreement shall only be amended upon written agreement executed by each of the parties hereto.
21.    Additional Offerings.  The terms of this Agreement may be extended to cover additional offerings of shares of the Company by the execution by the parties hereto of an addendum identifying the shares and registration statement relating to such additional offering.  Upon execution of such addendum, the terms “Shares”, “Offering”, “Registration Statement” and “Prospectus” set forth herein shall be deemed to be amended as set forth in such addendum.
[signature page follows]

35

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as of the date first set forth above.
	
			
	 
	NorthStar Real Estate Income II, Inc.

	 
	 

	 
	 

	 
	By:
	/s/ Ronald J. Lieberman

	 
	 
	Ronald J. Lieberman

	 
	 
	Executive Vice President, General Counsel and Secretary

	
			
	 
	NorthStar Realty Securities, LLC

	 
	 

	 
	 

	 
	By:
	/s/ W. Timothy Toole

	 
	 
	W. Timothy Toole

	 
	 
	President

	
			
	 
	NSAM J-NSII Ltd

	 
	 

	 
	 

	 
	By:
	/s/ Daniel R. Gilbert

	 
	 
	Daniel R. Gilbert

	 
	 
	Director

	
			
	 
	NorthStar Asset Management Group Inc.

	 
	 

	 
	 

	 
	By:
	/s/ David T. Hamamoto

	 
	 
	David T. Hamamoto

	 
	 
	Chief Executive Officer

	
			
	 
	Ameriprise Financial Services, Inc.

	 
	 

	 
	 

	 
	By:
	/s/ Frank A. McCarthy

	 
	 
	Frank A. McCarthy

	 
	 
	Senior Vice President and General Manager

          
    
                                                                  

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