Document:

Unassociated Document

    Exhibit
      10.1

    

    AMENDED
      AND RESTATED

    EMPLOYMENT
      AGREEMENT

    

    THIS
      EMPLOYMENT AGREEMENT (the “Agreement”)
      is
      made as of this 19th day of June, 2007 between Xethanol Corporation (the
“Company”)
      and
      Thomas Endres (the “Executive”)
      to
      amend and restate the employment agreement between them dated September 7,
      2006
      (the “Original
      Agreement”).

    

    WHEREAS,
      the parties hereto wish to amend and restate the Original Agreement to employ
      the Executive as the Company’s Chief Operating Officer and Executive Vice
      President and to set forth certain additional agreements between the Executive
      and the Company;

    

    NOW,
      THEREFORE, in consideration of the mutual covenants and representations
      contained herein, the parties hereto agree as follows:

    

    1. Employment
      Period.

    

    The
      Company will employ the Executive, and the Executive will serve the Company,
      under the terms of this Agreement during a term of eighteen (18) months (the
      “Employment
      Period”)
      commencing as of September 7, 2006 (the “Commencement
      Date”)
      and
      ending on March 6, 2008 (the “Expiration
      Date”,
      and
      the period of time described in this Section 1 being the “Term”).

    

    2. Duties
      and Status.

    

    The
      Company hereby engages the Executive as the Chief Operating Officer and
      Executive Vice President, or in such other capacity as the Board of Directors
      of
      the Company shall determine, in its sole discretion, on the terms and conditions
      set forth in this Agreement. During the Employment Period, the Executive shall
      exercise such authority, perform such duties and functions and discharge such
      responsibilities as are reasonably associated with the Executive’s position,
      commensurate with the authority vested in the Executive by the Company’s
      President and Board of Directors and consistent with this Agreement and the
      Bylaws of the Company. During the Employment Period, the Executive shall devote
      his full business time, skill and efforts to the business of the Company.
      Notwithstanding the foregoing, the Executive may make and manage passive
      personal business investments of his choice and serve in any capacity with
      any
      civic, educational or charitable organization, or any trade association, without
      seeking or obtaining approval by the Board of Directors, provided such
      activities and service do not materially interfere or conflict with the
      performance of his duties hereunder. 

    

    3. Compensation
      and Benefits.

    

    (a)
       Salary.
      During
      the Employment Period, the Company shall pay to the Executive, as compensation
      for the performance of his duties and obligations under this Agreement, a base
      salary at the rate of $200,000 per annum, payable in arrears not less frequently
      than monthly and in accordance with the normal payroll practices of the Company.
      

     

    
      
        
        

      

      
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    (b)
       Equity
      Participation.

    

    (i)  Effective
      on the Commencement Date, the Company granted the Executive an option to acquire
      30,000 shares of its $.001 par value common stock at an exercise price of $3.62
      per share (the closing price per share of the Company’s common stock on the date
      of grant as reported by the American Stock Exchange) in consideration of his
      service as our Senior Vice President, Operations, and all shares vested on
      December 31, 2006. 

    

    On
      December 7, 2006, the Company granted an option to purchase 100,000 shares
      of
      the Company’s common stock to the Executive at an exercise price of $2.44 per
      share (the closing price per share of the Company’s common stock on the date of
      grant as reported by the American Stock Exchange) in consideration of his
      continued service as the Company’s Senior Vice President, Operations. A total of
      31,000 shares issuable on exercise of this option are subject to stockholder
      approval as described below. Such options shall vest on the earliest of: (a)
      December 7, 2007, if the Executive is then employed by the Company; (b) the
      date
      on which the Executive’s employment with the Company is terminated by the
      Company other than for “cause,” as such term is defined in Section 4.1(a); or
      (c) the date on which the Executive terminates his employment with the Company
      for “good reason” as such term is defined in Section 4.1(b). If the Executive’s
      employment with the Company is terminated before December 7, 2007 by the Company
      for “cause” or by the Executive without “good reason,” such option shall not
      vest.

    

    Effective
      on the date of this Agreement, the Company granted the Executive an additional
      option to acquire 50,000 shares of its $.001 par value common stock at an
      exercise price of $1.19 per share (the closing price per share of the Company’s
      common stock on the date of grant as reported by the American Stock Exchange).
      Such options shall vest on the earliest of: (a) June 19, 2008, if the Executive
      is then employed by the Company; (b) the date on which the Executive’s
      employment with the Company is terminated by the Company other than for “cause,”
as such term is defined in Section 4.1(a); or (c) the date on which the
      Executive terminates his employment with the Company for “good reason” as such
      term is defined in Section 4.1(b). If the Executive’s employment with the
      Company is terminated before June 19, 2008 by the Company for “cause” or by the
      Executive without “good reason,” such option shall not vest.

    

    All
      of
      the foregoing options have a 5-year term and shall otherwise be on the terms
      and
      subject to the conditions that are contained in the Company’s 2005 Incentive
      Compensation Plan (the “Plan”), provided that 31,000 shares of the option for
      100,000 shares and the option for 50,000 shares (these 81,000 shares being
      the
“Excess Shares”) were each granted subject to approval by the Company’s
      stockholders of an amendment to the Plan to increase the number of shares
      available for award thereunder. The Company currently contemplates that it
      will
      submit to its stockholders at the 2007 annual meeting of stockholders a proposal
      to amend the Plan to increase the number of shares available for award
      thereunder to cover the Excess Shares (as well as other options granted by
      the
      Company in excess of the 4,000,000 share limit specified in the Plan). If the
      stockholders do not approve that amendment, the options for the Excess Shares
      will be void and the Company’s compensation committee will consider alternative
      incentives for Mr. Endres. 

     

    
      
        
        

      

      
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    (ii)  
      In
      addition to the options described in the foregoing clause (i), the Board of
      Directors in its sole discretion may determine to grant the Executive additional
      awards under the Plan and/or under any other stock option or equity based
      incentive compensation plan or arrangement adopted by the Company during the
      Employment Period for which the Company’s senior executives are eligible. The
      level of the Executive’s participation in any such plan or arrangement, if any,
      shall be determined by the Board of Directors in its sole discretion.

    

    (iii)
       To
      the
      greatest extent permissible in accordance with applicable IRS regulations,
      options to acquire the Company’s stock which may be granted to the Executive
      shall be in the form of qualified options. Any options which cannot be granted
      in the form of qualified options will be granted to the Executive as
      non-qualified options. 

    

    (c) Other
      Benefits.
      During
      the Employment Period, the Executive shall be entitled, at his option, to
      participate in all of the employee benefit plans, programs and arrangements
      of
      the Company in effect during the Employment Period which are generally available
      to senior executives of the Company. Such participation shall be subject to
      and
      on a basis consistent with the terms, conditions and overall administration
      of
      such plans, programs and arrangements. In addition, during the Employment
      Period, the Executive shall be entitled to fringe benefits and perquisites
      comparable to those of other senior executives of the Company. Such fringe
      benefits shall include, but not be limited to, four (4) weeks of vacation pay
      per year, to be used in accordance with the Company’s vacation pay policy for
      senior executives.

    

    (d) Business
      Expenses.
      During
      the Employment Period, the Company shall promptly reimburse the Executive for
      all appropriately documented, reasonable business expenses incurred by the
      Executive in the performance of his duties under this Agreement, in accordance
      with the Company’s policies as then in effect.

    

    4. Termination
      of Employment.

    

    (a) Termination
      for Cause.
      The
      Company may terminate the Executive’s employment hereunder for cause. For
      purposes of this Agreement and subject to the Executive’s opportunity to cure as
      provided in Section 4(c) hereof, the Company shall have “cause” to terminate the
      Executive’s employment hereunder if such termination shall be the result of the
      Executive’s:

    

    (i)  
      willfully
      engaging in conduct which is materially injurious to the Company;

    

    (ii)  willful
      fraud or material dishonesty in connection with his performance
      hereunder;

     

    
      
        
        

      

      
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    (iii)  deliberate
      or intentional failure to substantially perform his duties hereunder that
      results in material harm to the Company;

    

    (iv)  the
      conviction for, or plea of nolo contendere to a charge of, commission of a
      felony; or

    

    (v)   the
      continuous and habitual failure by the Executive to substantially perform his
      duties under this Agreement.

    

    (b)
       Termination
      for Good Reason.
      The
      Executive shall have the right at any time to terminate his employment with
      the
      Company for “good reason.” For purposes of this Agreement and subject to the
      Company’s opportunity to cure as provided in Section 4(c) hereof, the Executive
      shall have “good reason” to terminate his employment hereunder in the following
      cases:

    

    (i)   
      a
      breach
      by the Company of the compensation and benefits provisions set forth in Section
      3 hereof;

    

    (ii)  
      a
      material breach by the Company of any of the terms of this Agreement, other
      than
      as specifically provided herein; or

    

    (iii)  the
      relocation of the Executive’s principal place of business at the request of the
      Company beyond 50 miles from its current location.

    

    The
      Company shall have the right to change or diminish the Executive’s duties,
      responsibilities or title, and no such action shall constitute grounds for
      the
      the Executive to terminate his employment with the Company for “good
      reason.”

    

    (c) Notice
      and Opportunity to Cure.
      Notwithstanding the foregoing, except in the situations described in sections
      4(a)(i) through 4(a)(iv), the Company may not terminate the Executive’s
      employment for “cause” and the Executive may not terminate his employment for
“good reason” unless (i) the party seeking to terminate the Executive’s
      employment shall have first provided the other party with written notice of
      the
      intended termination and the reason for such termination (“breach”) and (ii) if
      such breach is susceptible of cure or remedy, a period of twenty (20) days
      shall
      have elapsed between the delivery of such notice and the termination of this
      Agreement without the breaching party having, in the opinion of the party
      alleging a breach, effectively cured or remedied such breach.

    

    (d) Termination
      Upon Death or Permanent and Total Disability.
      The
      Employment Period shall be terminated by the death of the Executive. The
      Employment Period may be terminated by the Board of Directors if the Executive
      shall be rendered incapable of performing his duties to the Company by reason
      of
      any medically determined physical or mental impairment that can be expected
      to
      result in death or that can be expected to last for a period of either (i)
      six
      or more consecutive months from the first date of the Executive’s absence due to
      the disability or (ii) nine months during any twelve-month period (a
“Permanent
      and Total Disability”).
      If
      the Employment Period is terminated by reason of Permanent and Total Disability
      of the Executive, the Company shall give 30 days’ advance written notice to that
      effect to the Executive.

     

    
      
        
        

      

      
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    5.
       Consequences
      of Termination.

    

    (a) Without
      Cause or for Good Reason.
      In the
      event of a termination of the Executive’s employment during the Employment
      Period (i) by the Company other than for “cause” (as provided for in Section
      4(a) hereof), (ii) by the Executive for “good reason” (as provided for in
      Section 4(b) hereof) or (iii) due to death or disability (as provided for in
      Section 4(d) hereof) the Company shall pay the Executive and provide him with
      the following:

    

    (i)  
      Salary.
      The
      Executive’s then current base salary payable for the remainder of the Employment
      Period, in accordance with the timetable and schedule contemplated for such
      payments, as though such termination had not occurred.

    

    (ii) 
      Equity.
      Any
      existing stock options or other similar awards outstanding at the date of
      termination shall immediately vest and will, in all other respects, continue
      to
      be governed by, and continued in accordance with, their applicable plan and
      grant documents.

    

    (iii) Other
      Benefits.
      Continued coverage under all health, life, disability and similar employee
      benefit plans and programs of the Company on the same basis as the Executive
      was
      entitled to participate immediately prior to such termination for the remainder
      of the Employment Period; provided that the Executive’s continued participation
      is possible under the general terms and provisions of such plans and programs.
      In the event that the Executive’s participation in any such plan or program is
      barred, the Company shall arrange to provide the Executive with benefits
      substantially similar to those which the Executive would otherwise have been
      entitled to receive under such plans and programs from which his continued
      participation is barred. If Executive is covered under substitute benefit plans
      of another employer prior to the expiration of the Employment Period, the
      Company will no longer be required to continue the respective coverage described
      in this Section 5(a)(iii).

    

    (b) Other
      Termination of Employment.
      In the
      event that the Executive’s employment with the Company is terminated during the
      Employment Period (i) by the Company for “cause” (as provided for in Section
      4(a) hereof),or (ii) by the Executive other than for “good reason” (as provided
      for in Section 4(b) hereof), the Company shall pay the Executive (or his legal
      representative) any earned but unpaid salary through the Executive’s final date
      of employment with the Company, and the Company shall have no further
      obligations to the Executive.

    

    (c) Withholding
      of Taxes.
      All
      payments required to be made by the Company to the Executive under this
      Agreement shall be subject to the withholding of such amounts, if any, relating
      to tax, social security, excise tax and other payroll deductions as the Company
      may reasonably determine it should withhold pursuant to any applicable law
      or
      regulation.

    

    (d) No
      Other Obligations.
      The
      benefits payable to the Executive under this Agreement are not in lieu of any
      benefits payable under any employee benefit plan, program or arrangement of
      the
      Company, except as provided specifically herein, and upon termination the
      Executive will receive such benefits or payments, if any, as he may be entitled
      to receive pursuant to the terms of such plans, programs and arrangements.
      Except for the obligations of the Company provided by the foregoing and this
      Section 5, the Company shall have no further obligations to the Executive upon
      his termination of employment.

     

    
      
        
        

      

      
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    (e) No
      Mitigation or Offset.
      The
      Executive shall be required to mitigate the damages provided by this Section
      5
      by seeking substitute employment or otherwise and there shall be offset by
      the
      Executive with respect to the payments or benefits set forth in this Section
      5
      and compensation received by virtue of such substitute employment or other
      activity.

    

    6. Indemnity.

    

    The
      Company shall, to the fullest extent permitted by law and by its Certificate
      of
      Incorporation and Bylaws, indemnify the Executive and hold him harmless for
      any
      acts or decisions made by him in good faith while performing his duties pursuant
      to this Agreement.

    

    7. Notices.

    

    All
      notices, requests and other communications pursuant to this Agreement shall
      be
      in writing and shall be deemed to have been duly given, if delivered in person
      or by courier, or by facsimile transmission or sent by express, registered
      or
      certified mail, postage prepaid, addressed as follows:

    

    If
      to the
      Executive:

    

    Lt.
      Col.
      Thomas Endres

    1
      Howland
      Road

    Garrison,
      NY 10524

    

    If
      to the
      Company: 

    

    Xethanol
      Corporation

    1185
      Avenue of the Americas, 20th
      Floor

    New
      York,
      NY 10036

    Attn:
      President

    

    Either
      party may, by written notice to the other, change the address to which notices
      to such party are to be delivered or mailed.

    

    8. Arbitration.

    

    Except
      as
      specifically provided herein, any dispute or controversy arising under or in
      connection with this Agreement shall be settled exclusively by arbitration,
      conducted before a single arbitrator in the State of New York, in accordance
      with the rules of the American Arbitration Association then in effect. Judgment
      may be entered on the arbitrator’s award in any court having jurisdiction.
      Except in the case of disputes or controversies arising from circumstances
      described in sections 4(a)(i) through 4(a)(iv) of this Agreement, the Company
      shall bear the expense of any such arbitration proceeding and shall reimburse
      the Executive, regardless of the outcome, for all of his reasonable costs and
      expenses relating to such arbitration proceeding, including, without limitation,
      reasonable attorneys’ fees and expenses.

     

    
      
        
        

      

      
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    9. Waiver
      of Breach.

    

    Any
      waiver of any breach of this Agreement shall not be construed to be a continuing
      waiver or consent to any subsequent breach on the part either of the Executive
      or of the Company.

    

    10. Non-Assignment;
      Successors.

    

    Neither
      party hereto may assign his or its rights or delegate his or its duties under
      this Agreement without the prior written consent of the other party; provided,
      however, that the parties hereto hereby agree in advance that (i) this Agreement
      may be assigned to, and shall inure to the benefit of and be binding upon,
      the
      successors and assigns of the Company upon any sale of all or substantially
      all
      of the Company’s assets, or upon any merger, consolidation or reorganization of
      the Company with or into any other corporation, all as though such successors
      and assigns of the Company and their respective successors and assigns were
      the
      Company; and (ii) this Agreement shall inure to the benefit of and be binding
      upon the heirs, assigns or designees of the Executive to the extent of any
      payments which may become due to them hereunder. As used in this Agreement,
      the
      term “Company” shall be deemed to refer to any such successor or assign of the
      Company referred to in the preceding sentence.

    

    11. Severability.

    

    To
      the
      extent any provision of this Agreement or portion thereof shall be invalid
      or
      unenforceable, it shall be considered deleted therefrom and the remainder of
      such provision and of this Agreement shall be unaffected and shall continue
      in
      full force and effect.

    

    12. Counterparts.

    

    This
      Agreement may be executed in one or more counterparts, each of which shall
      be
      deemed to be an original but all of which together will constitute one and
      the
      same instrument.

    

    13. Governing
      Law.

    

    This
      Agreement shall be construed, interpreted and enforced in accordance with the
      laws of the State of New York, without giving effect to the choice of law
      principles thereof.

    

    14. Survivability.

    

    Any
      covenant or agreement of the parties which by its term contemplates performance
      after the Expiration of this Agreement shall survive and remain in full force
      and effect notwithstanding the fact that the Employment Period has lapsed or
      that this Agreement or Executive’s employment hereunder, has been
      terminated.

     

    
      
        
        

      

      
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    15. Entire
      Agreement.

    

    This
      Agreement constitutes the entire agreement by the Company and the Executive
      with
      respect to the subject matter hereof and except as specifically provided herein,
      supersedes any and all prior agreements or understandings between the Executive
      and the Company with respect to the subject matter hereof, whether written
      or
      oral. This Agreement may be amended or modified only by a written instrument
      executed by the Executive and the Company.

    

    [Signatures
      on Following Page]

     

    
      
        
        

      

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

    
      	 	 	 	 
	
            	 	
              EXECUTIVE

            
	 	 	 
	
            	 	
              
                /s/
                  Thomas Endres

              

              
                

              

              Thomas
                Endres

            
	 	 	 	 
	 	 	 
	 	 	
              Xethanol
                Corporation

            
	 	 	 
	 	 	 	 
	 	 	By:	/s/ David R. Ames
	 	 	 	
              

              David
                R. Ames

              Chief
                Executive Officer and President 

            

    

     

    
      
        
        

      

      
        9Unassociated Document

    COMMON
      UNIT

    PURCHASE
      AGREEMENT

    

     

    BY
      AND AMONG

    DCP
      MIDSTREAM PARTNERS, LP

     

    AND

     

    THE
      PURCHASERS

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

       

    

    Schedules
      and Exhibits

     

    Schedule
      2.01 — List
      of
      Purchasers and Commitment Amounts

     

    Schedule
      8.07 — Notice
      and Contact Information

     

    Exhibit
      A — Form
      of
      Registration Rights Agreement

     

    Exhibit
      B — Form
      of
      Partnership Officer’s Certificate

     

    Exhibit
      C — Form
      of
      Purchaser’s Officer’s Certificate

     

    Exhibit
      D — Form
      of
      Vinson & Elkins’ Legal Opinion

     

    
      
        
        

      

      
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    COMMON
      UNIT PURCHASE AGREEMENT

     

    COMMON
      UNIT PURCHASE AGREEMENT, dated as of June 19, 2007 (this “Agreement”),
      by
      and among DCP Midstream Partners, LP, a Delaware limited partnership (the
“Partnership”),
      and
      each of the Purchasers listed in Schedule
      2.01
      attached
      hereto (each referred to herein as a “Purchaser”
and
      collectively, the “Purchasers”).

     

    WHEREAS,
      the Partnership desires to raise up to $130.0 million through the sale of Common
      Units to repay debt incurred in connection with recently announced acquisitions
      and the Purchasers desire to purchase an aggregate of $130.0 million of Common
      Units from the Partnership, each in accordance with the provisions of this
      Agreement; and

     

    WHEREAS,
      the Partnership has agreed to provide Purchasers with certain registration
      rights with respect to the Purchased Units acquired pursuant to this
      Agreement.

     

    NOW
      THEREFORE, in consideration of the mutual covenants and agreements set forth
      herein and for good and valuable consideration, the receipt and sufficiency
      of
      which are hereby acknowledged, the Partnership and each of the Purchasers,
      severally and not jointly, hereby agree as follows:

     

    ARTICLE
      I

    DEFINITIONS

     

    Section
      1.01 Definitions.
      As used
      in this Agreement, and unless the context requires a different meaning, the
      following terms have the meanings indicated:

     

    “Action”
against
      a Person means any lawsuit, action, proceeding, investigation or complaint
      before any Governmental Authority, mediator or arbitrator.

     

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

     

    “Agreement”
shall
      have the meaning specified in the introductory paragraph.

     

    “Allocated
      Purchase Amount”
means
      with respect to each Purchaser, the dollar amount set forth opposite such
      Purchaser’s name under the heading Allocated Purchase Amount on Schedule
      2.01
      hereto.

     

    “Basic
      Documents”
means,
      collectively, this Agreement and the Registration Rights Agreement and any
      and
      all other agreements or instruments executed and delivered by the Parties on
      even date herewith or at Closing relating to the issuance and sale of the
      Purchased Units, or any amendments, supplements, continuations or modifications
      thereto. 

     

    
      
        
        

      

      
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    “Board
      of Directors”
means
      the board of directors of the GP LLC.

     

    “Business
      Day”
means
      any day other than a Saturday, Sunday, or a legal holiday for commercial banks
      in Denver, Colorado.

     

    “Closing”
shall
      have the meaning specified in Section 2.02.
      

     

    “Closing
      Date”
shall
      have the meaning specified in Section 2.02.

     

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

     

    “Common
      Units”
means
      the Common Units of the Partnership representing limited partner interests
      therein.

     

    “Company”
shall
      have the meaning specified in the recitals to this Agreement.

     

    “Credit
      Facilities”
means
      the Revolving Credit Agreement, dated December 7, 2005, between DCP
      Midstream Operating, LP and Wachovia Bank, National Association, as
      administrative agent for the lenders named therein, as amended by the First
      Amendment thereto, dated May 9, 2007, and the Bridge Loan Credit Agreement
      dated
      May 9, 2007, among DCP Midstream Operating, LP, DCP Midstream Partners, LP,
      Wachovia Bank, National Association and Lehman Brothers, Commercial
      Bank.

     

    “DCP
      Contribution Agreement”
means
      the Contribution Agreement dated May 23, 2007 between the Partnership, DCP
      Midstream, LLC, DCP LP Holdings, LP and DCP Midstream GP, LP.

     

    “Delaware
      LLC Act”
means
      the Delaware Limited Liability Company Act.

     

    “Delaware
      LP Act”
means
      the Delaware Revised Uniform Limited Partnership Act.

     

    “Exchange
      Act”
means
      the Securities Exchange Act of 1934, as amended from time to time, and the
      rules
      and regulations of the Commission promulgated thereunder. 

     

    “GAAP”
means
      generally accepted accounting principles in the United States of America in
      effect from time to time. 

     

    “General
      Partner”
means
      DCP Midstream GP, LP, a Delaware limited partnership.

     

    “Governmental
      Authority”
shall
      include the country, state, county, city and political subdivisions in which
      any
      Person or such Person’s Property is located or which exercises valid
      jurisdiction over any such Person or such Person’s Property, and any court,
      agency, department, commission, board, bureau or instrumentality of any of
      them
      and any monetary authorities that exercise valid jurisdiction over any such
      Person or such Person’s Property. Unless otherwise specified, all references to
      Governmental Authority herein shall mean a Governmental Authority having
      jurisdiction over, where applicable, the Partnership, its Subsidiaries or any
      of
      their Property or any of the Purchasers. 

     

    “GP
      LLC”
means
      DCP Midstream GP, LLC, a Delaware limited liability company.

     

    
      
        
        

      

      
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    “GSRH
      Contribution Agreement”
means
      the Contribution Agreement dated May 21, 2007 between the Partnership and Gas
      Supply Resource Holdings, Inc.

     

    “Incentive
      Distribution Rights”
has
      the
      meaning specified for such term in the Partnership Agreement.

     

    “Indemnified
      Party”
shall
      have the meaning specified in Section 7.03.
      

     

    “Indemnifying
      Party”
shall
      have the meaning specified in Section 7.03.
      

     

    “Law”
means
      any federal, state, local or foreign order, writ, injunction, judgment,
      settlement, award, decree, statute, law, rule or regulation.

     

    “Lien”
means
      any interest in Property securing an obligation owed to, or a claim by, a Person
      other than the owner of the Property, whether such interest is based on the
      common law, statute or contract, and whether such obligation or claim is fixed
      or contingent, and including but not limited to the lien or security interest
      arising from a mortgage, encumbrance, pledge, security agreement, conditional
      sale or trust receipt or a lease, consignment or bailment for security
      purposes.

     

    “Lock-Up
      Date”
means
      90 days from the Closing Date.

     

    “LTIP”
shall
      have the meaning specified in Section
      3.02(c).

     

    “MEG
      Purchase Agreement”
means
      that certain Common Unit Purchase Agreement dated May 21, 2007 pursuant to
      which
      the Partnership will issues and sell 2,380,952 Common Units to the purchasers
      party thereto.

     

    “NYSE”
      shall mean The New York Stock Exchange.

     

    “Participating
      Unit”
shall
      have the meaning specified in Section
      4.03.

     

    “Partnership”
      shall
      have the meaning specified in the introductory paragraph.

     

    “Partnership
      Agreement”
means
      the Second Amended and Restated Agreement of Limited Partnership of the
      Partnership, dated as of November 1, 2006 as it may be further amended from
      time
      to time. 

     

    “Partnership
      Material Adverse Effect”
means
      any material and adverse effect on (i) the assets, liabilities, financial
      condition, business, operations, affairs or prospects of the Partnership and
      its
      Subsidiaries, taken as a whole, (ii) the ability of the Partnership and its
      Subsidiaries, taken as a whole, to carry out their business as of the date
      of
      this Agreement or to meet their obligations under the Basic Documents on a
      timely basis, or (iii) the ability of the Partnership to consummate the issuance
      and sale of the Purchased Units. Notwithstanding the foregoing, a “Partnership
      Material Adverse Effect” shall not include any effect resulting or arising from:
      (a) any change in general economic conditions in the industries or markets
      in
      which the Partnership or its Subsidiaries operate that do not have a
      disproportionate impact on the Partnership and its Subsidiaries, taken as a
      whole; (b) any engagement in hostilities pursuant to a declaration of war,
      or
      the occurrence of any military or terrorist attack; (c) changes in GAAP or
      other
      accounting principles or (d) the consummation of the transactions contemplated
      hereby.

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    “Partnership
      Related Parties”
shall
      have the meaning specified in Section 7.02.

     

    “Party”
or
      “Parties”
means
      the Partnership and the Purchasers party to this Agreement, individually or
      collectively, as the case may be.

     

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

     

    “Property”
means
      any interest in any kind of property or asset, whether real, personal or mixed,
      or tangible or intangible. 

     

    “Purchase
      Agreement”
shall
      have the meaning specified in the recitals to this Agreement.

     

    “Purchased
      Units”
means
      the Common Units to be issued and sold to the Purchasers pursuant to this
      Agreement.

     

    “Purchaser”
and
      “Purchasers”
shall
      have the meaning specified in the introductory paragraph.

     

    “Purchaser
      Material Adverse Effect”
means
      any material and adverse effect on (i) the ability of a Purchaser to meet its
      obligations under the Purchase Agreement on a timely basis or (ii) the
      ability of a Purchaser to consummate the transactions under the Purchase
      Agreement.

     

    “Purchaser
      Related Parties”
shall
      have the meaning specified in Section 7.01.

     

    “Purchasers”
shall
      have the meaning specified in the introductory paragraph. 

     

    “Registration
      Rights Agreement”
means
      the Registration Rights Agreement, substantially in the form attached to this
      Agreement as Exhibit
      A,
      to be
      entered into at the Closing, among the Partnership and the
      Purchasers.

     

    “Representatives”
of
      any
      Person means the Affiliates, control persons, officers, directors, employees,
      agents, counsel, investment bankers and other representatives of such
      Person.

     

    “SEC
      Documents”
shall
      have the meaning specified in Section 3.03

     

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

     

    “Seller
      Parties”
shall
      have the meaning specified in the recitals to this Agreement.

     

    “Sellers”
shall
      have the meaning specified in the recitals to this Agreement.

     

    “Subordinated
      Units”
has
      the
      meaning specified for such term in the Partnership Agreement.

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    “Subsidiary”
means,
      as to any Person, any corporation or other entity of which at least a majority
      of the outstanding equity interest having by the terms thereof ordinary voting
      power to elect a majority of the board of directors of such corporation or
      other
      entity is at the time directly or indirectly owned or controlled by such Person
      or one or more of its Subsidiaries.

     

    “Unitholders”
means
      the Unitholders of the Partnership (within the meaning of the Partnership
      Agreement).

     

    Section
      1.02 Accounting
      Procedures and Interpretation.
      Unless
      otherwise specified in this Agreement, all accounting terms used herein shall
      be
      interpreted, all determinations with respect to accounting matters under this
      Agreement shall be made, and all financial statements and certificates and
      reports as to financial matters required to be furnished to the Purchasers
      under
      this Agreement shall be prepared, in accordance with GAAP applied on a
      consistent basis during the periods involved (except, in the case of unaudited
      statements, as permitted by Form 10-Q promulgated by the Commission) and in
      compliance as to form in all material respects with applicable accounting
      requirements and with the published rules and regulations of the Commission
      with
      respect thereto. 

     

    ARTICLE
      II

    SALE
      AND PURCHASE 

     

    Section
      2.01 Sale
      and Purchase.

     

    (a) Sale
      and Purchase.
      Subject
      to the terms and conditions of this Agreement, at the Closing, the Partnership
      hereby agrees to issue and sell to each Purchaser, and each Purchaser hereby
      agrees, severally and not jointly, to purchase from the Partnership, the number
      of Purchased Units determined pursuant to paragraph (b) below of this
Section
      2.01,
      and
      each Purchaser agrees to pay the Partnership the Purchase Price for each
      Purchased Unit, in each case, as set forth in paragraph (c) below of this
Section
      2.01.
      The
      obligation of each Purchaser under this Agreement is independent of the
      obligation of each other Purchaser, and the failure or waiver of performance
      with respect to any Purchaser does not excuse performance by any other
      Purchaser.

     

    (b) Common
      Units.
      The
      number of Purchased Units to be issued and sold to each Purchaser shall be
      equal
      to the quotient determined by dividing (i) the Allocated Purchase Amount for
      such Purchaser by (ii) the Purchase Price (as defined in Section
      2.01(c)
      below),
      which quotient shall be rounded, if necessary, up or down to the nearest whole
      number.

     

    (c) Consideration.
      The
      amount per Common Unit each Purchaser will pay to the Partnership to purchase
      the Purchased Units (the “Purchase
      Price”)
      shall
      be $43.25.

     

    Section
      2.02 Closing.
      The
      execution and delivery of the Basic Documents (other than this Agreement),
      the
      delivery of certificates representing the Purchased Units and the execution
      and
      delivery of all other instruments, agreements, and other documents required
      by
      this Agreement (the “Closing”)
      shall
      take place three Business Days after the date hereof, subject to satisfaction
      or
      waiver of all of the conditions to each of the respective Parties’ obligations
      to consummate the purchase and sale of the Purchased Units hereunder (such
      date,
      the “Closing
      Date”).
      The
      Closing shall take place at the offices of Vinson & Elkins L.L.P., 1001
      Fannin St., Suite 2500, Houston, Texas 77002.

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    Section
      2.03 Independent
      Nature of Purchasers’ Obligations and Rights. The respective obligations of
      each Purchaser under the Basic Documents are several and not joint with the
      obligations of any other Purchaser, and no Purchaser shall be responsible in
      any
      way for the performance of the obligations of any other Purchaser under any
      Basic Document. The failure or waiver of performance under any Basic Documents
      by any Purchaser, or on its behalf, does not excuse performance by any other
      Purchaser. Nothing contained in any Basic Document, and no action taken by
      any
      Purchaser pursuant thereto, shall be deemed to constitute the Purchasers as
      a
      partnership, an association, a joint venture or any other kind of entity, or
      create a presumption that the Purchasers are in any way acting in concert or
      as
      a group for purposes of Section 13(d) of the Exchange Act with respect to such
      obligations or the transactions contemplated by the Basic Documents. Each
      Purchaser shall be entitled to independently protect and enforce its rights,
      including the rights arising out of the Basic Documents, and it shall not be
      necessary for any other Purchaser to be joined as an additional party in any
      proceeding for such purpose.

     

    ARTICLE
      III

    REPRESENTATIONS
      AND WARRANTIES OF THE
      PARTNERSHIP

    

    The
      Partnership represents and warrants to the Purchasers as follows:

     

    Section
      3.01 Existence
      of
      Partnership and its Subsidiaries.
      

     

    (a) The
      Partnership: (i) is a limited partnership duly organized, validly existing
      and in good standing under the Laws of the State of Delaware; (ii) has the
      requisite limited partnership power and authority, and has all governmental
      licenses, authorizations, consents and approvals, necessary to own, lease,
      use
      and operate its Properties and carry on its business as its business is now
      being conducted as described in the SEC Documents, except where the failure
      to
      obtain such licenses, authorizations, consents and approvals would not
      reasonably be expected to have a Partnership Material Adverse Effect; and
      (iii) is qualified to do business in all jurisdictions in which the nature
      of the business conducted by it makes such qualifications necessary, except
      where failure so to qualify would not reasonably be expected to have a
      Partnership Material Adverse Effect. The Partnership is not in
      material violation of its certificate of limited partnership or the Partnership
      Agreement.

     

    (b) Each
      of
      the Partnership’s Subsidiaries has been duly formed and is validly existing and
      in good standing under the laws of the State or other jurisdiction of its
      organization and has the requisite power and authority, and has all governmental
      licenses, authorizations, consents and approvals necessary, to own, lease,
      use
      or operate its respective Properties and carry on its business as now being
      conducted, except where the failure to obtain such licenses, authorizations,
      consents and approvals would not be reasonably likely to have a Partnership
      Material Adverse Effect. Each of the Partnership’s Subsidiaries is duly
      qualified or licensed and in good standing as a foreign limited partnership
      or
      limited liability company, as applicable, and is authorized to do business
      in
      each jurisdiction in which the ownership or leasing of its respective Properties
      or the character of its respective operations makes such qualification
      necessary, except where the failure to obtain such qualification, license,
      authorization or good standing would not be reasonably likely to have a
      Partnership Material Adverse Effect. None of such Subsidiaries is
      in material violation of its certificate or agreement of limited partnership,
      certificate of formation or limited liability company agreement or other
      organizational documents.

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    Section
      3.02 Purchased
      Units, Capitalization and Valid Issuance.

     

    (a) A
      true
      and correct copy of the Partnership Agreement, as amended through the date
      hereof, has been filed by the Partnership with the Commission as Exhibit 3.1
      to
      the Partnership’s Current Report on Form 8-K (File No. 001-32678) filed on
      November 7, 2006. The Purchased Units shall have those rights, preferences,
      privileges and restrictions governing the Common Units as reflected in the
      Partnership Agreement.

     

    (b) As
      of the
      date of this Agreement and prior to the sale of the Purchased Units contemplated
      by this Agreement, the issued and outstanding limited partner interests of
      the
      Partnership consist of 10,357,143 Common Units, 200,312 Class C
      Units, 7,142,857 Subordinated Units and the Incentive Distribution Rights
      and the only issued and outstanding general partner interests are the
      361,231 general partner units, representing the General Partner’s 2%
      general partner interest. Pursuant to the MEG Purchase Agreement, the
      Partnership is obligated to issue 2,380,952 Common Units to the purchasers
      party
      thereto. All of the outstanding Common Units, Class C Units, Subordinated Units
      and Incentive Distribution Rights have been duly authorized and validly issued
      in accordance with applicable Law and the Partnership Agreement and are fully
      paid (to the extent required under applicable Law and the Partnership Agreement)
      and nonassessable (except as such nonassessability may be affected by Sections
      17-303, 17-607 and 17-804 of the Delaware LP Act). The general partner interests
      have been duly authorized and validly issued in accordance with the Partnership
      Agreement.

     

    (c) Other
      than the General Partner’s Long-Term Incentive Plan (the “LTIP”),
      the
      Partnership has no equity compensation plans that contemplate the issuance
      of
      Common Units (or securities convertible into or exchangeable for Common Units).
      No indebtedness having the right to vote (or convertible into or exchangeable
      for securities having the right to vote) on any matters on which the Unitholders
      may vote is issued or outstanding. There are no outstanding or authorized (i)
      options, warrants, preemptive rights, subscriptions, calls, convertible or
      exchangeable securities or other rights, agreements, claims or commitments
      of
      any character obligating the Partnership or any of its Subsidiaries to issue,
      transfer or sell any limited partner interests or other equity interests in,
      the
      Partnership or any of its Subsidiaries or securities convertible into or
      exchangeable for such limited partner interests or other equity interests,
      except as have been granted pursuant to the LTIP, as contemplated by the MEG
      Purchase Agreement, as contemplated by the DCP Contribution Agreement, as
      contemplated by the GSRH Contribution Agreement, as contemplated by this
      Agreement, or as are contained in or contemplated by the Partnership Agreement,
      (ii) obligations of the Partnership or any of its Subsidiaries to repurchase,
      redeem or otherwise acquire any limited partner interests or other equity
      interests of the Partnership or any of its Subsidiaries or any such securities
      or agreements listed in clause (i) of this sentence or (iii) voting trusts
      or
      similar agreements to which the Partnership or any of its Subsidiaries is a
      party with respect to the voting of the equity interests of the Partnership
      or
      any of its Subsidiaries. 

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

     

    (d) (i)
      All
      of the issued and outstanding equity interests of each of the Partnership’s
      Subsidiaries are owned, directly or indirectly, by the Partnership free and
      clear of any Liens (except for such restrictions as may exist under applicable
      Law and except for such Liens as may be imposed pursuant to the Credit
      Facilities and any other credit agreements entered into after the date hereof
      in
      the ordinary course of business, to which the Partnership or any of the
      Subsidiaries are party), and all such ownership interests have been duly
      authorized, validly issued and are fully paid (to the extent required by
      applicable Law and the organizational documents of such Subsidiaries) and
      non-assessable (except as nonassessability may be affected by Sections 17-303,
      17-607 and 17-804 of the Delaware LP Act and Sections 18-607 and 18-804 of
      the
      Delaware LLC Act, as applicable, or the organizational documents of such
      Subsidiaries) and (ii) except as disclosed in the Partnership’s SEC Documents,
      neither the Partnership nor any of its Subsidiaries owns any shares of capital
      stock or other securities of, or interest in, any other Person, or is obligated
      to make any capital contribution to or other investment in any other Person
      other than such Subsidiaries. 

     

    (e) The
      offer
      and sale of the Purchased Units and the limited partner interests represented
      thereby have been duly authorized by the Partnership pursuant to the Partnership
      Agreement and, when issued and delivered to the Purchasers against payment
      therefor in accordance with the terms of this Agreement, will be validly issued,
      fully paid (to the extent required by applicable Law and the Partnership
      Agreement) and nonassessable (except as such nonassessability may be affected
      by
      Sections 17-303, 17-607 and 17-804 of the Delaware LP Act) and will be free
      of
      any and all Liens and restrictions on transfer, other than restrictions on
      transfer under the Partnership Agreement and under applicable state and federal
      securities Laws and other than such Liens as are created by the Purchasers.
      

     

    (f) The
      Partnership’s currently outstanding Common Units are quoted on the NYSE, and the
      Partnership has not received any notice of delisting. 

     

    (g) Except
      (i) as set forth in the Partnership Agreement, (ii) as provided in the Basic
      Documents or (iii) for existing awards under the LTIP, there are no preemptive
      rights or other rights to subscribe for or to purchase, nor any restriction
      upon
      the voting or transfer of, any partnership or membership interests of the
      Partnership or any of its Subsidiaries, in each case, pursuant to any agreement
      or instrument to which any of such entities is a party or by which any one
      of
      them may be bound. None of the execution of this Agreement, the offering or
      sale
      of the Purchased Units or the registration of the Purchased Units pursuant
      to
      the Registration Rights Agreement gives rise to any rights for or relating
      to
      the registration of any Common Units or other securities of the Partnership
      other than pursuant to the Registration Rights Agreement and those rights
      granted to the General Partner or any of its Affiliates (as such term is defined
      in the Partnership Agreement) under Section 7.12 of the Partnership
      Agreement.

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

     

    Section
      3.03 SEC
      Documents.
      The
      Partnership has filed with the Commission all reports, schedules and statements
      required to be filed by it under the Exchange Act since December 31, 2006
      (all such documents filed on or prior to the date of this Agreement,
      collectively, the “SEC
      Documents”).
      The
      SEC Documents, including any audited or unaudited financial statements and
      any
      notes thereto or schedules included therein, at the time filed, (except to
      the
      extent corrected by a subsequently filed SEC Document filed prior to the date
      of
      this Agreement) (i)  complied as to form in all material respects with
      applicable requirements of the Exchange Act and the applicable accounting
      requirements and with the published rules and regulations of the Commission
      with
      respect thereto, (ii) were prepared in accordance with GAAP applied on a
      consistent basis during the periods involved (except as may be indicated in
      the
      notes thereto or, in the case of unaudited statements, as permitted by
      Form 10-Q of the Commission) and (iii) fairly present (subject in the case
      of unaudited statements to normal, recurring and year-end audit adjustments)
      in
      all material respects the consolidated financial position of the Partnership
      as
      of the dates thereof and the consolidated results of its operations and cash
      flows for the periods then ended. Deloitte & Touche LLP is an independent
      registered public accounting firm with respect to the Partnership and has not
      resigned or been dismissed.

     

    Section
      3.04 No
      Material Adverse Change.
      Except
      as set forth in or contemplated by the SEC Documents, since December 31, 2006,
      the Partnership and its Subsidiaries have conducted their business in the
      ordinary course, consistent with past practice, and there has been no (i) change
      that has had or would reasonably be expected to have a Partnership Material
      Adverse Effect, (ii) acquisition or disposition of any material asset by the
      Partnership or any of its Subsidiaries or any contract or arrangement therefor,
      otherwise than for fair value in the ordinary course of business, (iii) material
      change in the Partnership’s accounting principles, practices or methods or (iv)
      incurrence of material indebtedness. 

     

    Section
      3.05 No
      Conflicts.
      The
      execution, delivery and performance by the Partnership of the Basic Documents
      to
      which it is a party and all other agreements and instruments to be executed
      and
      delivered by the Partnership pursuant thereto or in connection therewith, and
      compliance by the Partnership with the terms and provisions thereof, do not
      and
      will not (a) violate any provision of any Law, governmental permit,
      determination or award having applicability to the Partnership or any of its
      Subsidiaries or any of their respective Properties, (b) conflict with or
      result in a violation of any provision of the organizational documents of the
      Partnership or any of its Subsidiaries, (c) require any consent, approval
      or notice under or result in a violation or breach of or constitute (with or
      without due notice or lapse of time or both) a default (or give rise to any
      right of termination, cancellation or acceleration) under any note, bond,
      mortgage, license, loan or credit agreement or other instrument, obligation
      or
      agreement to which the Partnership or any of its Subsidiaries is a party or
      by
      which the Partnership or any of its Subsidiaries or any of their respective
      Properties may be bound or (d) result in or require the creation or
      imposition of any Lien upon or with respect to any of the Properties now owned
      or hereafter acquired by the Partnership or any of its Subsidiaries, except
      in
      the cases of clauses
      (a),
      (c)
      and
(d)
      where
      such violation, default, breach, termination, cancellation, failure to receive
      consent or approval, or acceleration with respect to the foregoing provisions
      of
      this Section 3.05
      would
      not, individually or in the aggregate, reasonably be expected to have a
      Partnership Material Adverse Effect. 

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

     

    Section
      3.06 Authority.
      The
      Partnership has all necessary limited partnership power and authority to
      execute, deliver and perform its obligations under the Basic Documents to which
      it is a party and to consummate the transactions contemplated thereby; the
      execution, delivery and performance by the Partnership of the Basic Documents
      to
      which it is a party, and the consummation of the transactions contemplated
      thereby have been duly authorized by all necessary action on its part; and
      the
      Basic Documents will constitute the legal, valid and binding obligations of
      Partnership, enforceable in accordance with their terms, except as such
      enforceability may be limited by bankruptcy, insolvency, fraudulent transfer
      and
      similar Laws affecting creditors’ rights generally or by general principles of
      equity, including principles of commercial reasonableness, fair dealing and
      good
      faith. 

     

    Section
      3.07 Approvals.
      Except
      as required by the Commission in connection with the Partnership’s obligations
      under the Registration Rights Agreement, no authorization, consent, approval,
      waiver, license, qualification or written exemption from, nor any filing,
      declaration, qualification or registration with, any Governmental Authority
      or
      any other Person is required in connection with the execution, delivery or
      performance by the Partnership of any of the Basic Documents to which it is
      a
      party or the Partnership’s issuance and sale of the Purchased Units, except (i)
      as may be required under the state securities or “Blue Sky” Laws, or (ii) where
      the failure to receive such authorization, consent, approval, waiver, license,
      qualification or written exemption or to make such filing, declaration,
      qualification or registration would not, individually or in the aggregate,
      reasonably be expected to have a Partnership Material Adverse Effect.

     

    Section
      3.08 Insurance.
      The
      Partnership is insured by insurers of recognized financial responsibility
      covering its properties, operations, personnel and businesses against such
      losses and risks and in such amounts as are reasonably adequate to protect
      the
      Partnership in the business in which the Partnership is engaged. The Partnership
      does not have any reason to believe that it will not be able to renew its
      existing insurance coverage as and when such coverage expires or to obtain
      similar coverage from similar insurers as may be necessary to continue its
      business.

     

    Section
      3.09 MLP
      Status.
      The
      Partnership has, for each taxable year beginning after December 31, 2005
      during which the Partnership was in existence, met the gross income requirements
      of Section 7704(c)(2) of the Internal Revenue Code of 1986, as
      amended.

     

    Section
      3.10 Investment
      Company Status.
      The
      Partnership is not now, and after the sale of the Purchased Units and the
      application of the net proceeds from such sale will not be an “investment
      company” or a company “controlled by” an “investment company” within the meaning
      of the Investment Company Act of 1940, as amended.

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

     

    Section
      3.11 Offering.
      Assuming the accuracy of the representations and warranties of the Purchasers
      contained in this Agreement, the sale and issuance of the Purchased Units
      pursuant to this Agreement is exempt from the registration requirements of
      the
      Securities Act, and neither the Partnership nor, to the Partnership’s knowledge,
      any authorized Representative acting on its behalf has taken or will take any
      action hereafter that would cause the loss of such exemption.

     

    Section
      3.12 No
      Integrated Offering.
      Neither
      the Partnership nor any of its Affiliates, nor, to the Partnership’s knowledge,
      any Person acting on its or their behalf has, directly or indirectly, made
      any
      offers or sales of any security of the Partnership or solicited any offers
      to
      buy any security, under circumstances that would adversely affect reliance
      by
      the Partnership on Section 4(2) of the Securities Act for the exemption from
      the
      registration requirements imposed under Section 5 of the Securities Act for
      the
      transactions contemplated hereby or that would require such registration under
      the Securities Act.

     

    Section
      3.13 Certain
      Fees.
      Other
      than fees payable to Lehman Brothers Inc. for its service as placement agent,
      no
      fees or commissions are or will be payable by the Partnership to brokers,
      finders or investment bankers with respect to the sale of any of the Purchased
      Units or the consummation of the transactions contemplated by this Agreement.
      The Purchasers shall not be liable for any such fees or commissions.

     

    Section
      3.14 No
      Side Agreements.
      Except
      for the confidentiality agreements described in Section
      8.06
      and the
      Basic Documents, there are no other agreements by, among or between the
      Partnership or its Affiliates, on the one hand, and any of the Purchasers or
      their Affiliates, on the other hand, with respect to the transactions
      contemplated hereby nor promises or inducements for future transactions between
      or among any of such parties.

     

    Section
      3.15 Form
      S-3 Eligibility. The Partnership is eligible to register the Purchased Units
      for resale by the Purchasers on a registration statement on Form S-3 under
      the
      Securities Act.

     

    Section
      3.16 Compliance
      with Laws. Neither the Partnership nor any of its Subsidiaries is in
      violation of any Law applicable to the Partnership or its Subsidiaries, except
      as would not, individually or in the aggregate, have a Partnership Material
      Adverse Effect. The Partnership and its Subsidiaries possess all certificates,
      authorizations and permits issued by the appropriate regulatory authorities
      necessary to conduct their respective businesses, except where the failure
      to
      possess such certificates, authorizations or permits would not have,
      individually or in the aggregate, a Partnership Material Adverse Effect, and
      neither the Partnership nor any such Subsidiary has received any notice of
      proceedings relating to the revocation or modification of any such certificate,
      authorization or permit, except where such potential revocation or modification
      would not have, individually or in the aggregate, a Partnership Material Adverse
      Effect.

     

    
      
        
        

      

      
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    ARTICLE
      IV

    REPRESENTATIONS
      AND WARRANTIES OF EACH PURCHASER

     

    Each
      Purchaser, severally and not jointly, represents and warrants to the Partnership
      with respect to itself as follows:

     

    Section
      4.01 Valid
      Existence.
      Such
      Purchaser (i) is duly organized, validly existing and in good standing
      under the Laws of its respective jurisdiction of organization and (ii) has
      the requisite power, and has all material governmental licenses, authorizations,
      consents and approvals necessary to own its Properties and carry on its business
      as its business is now being conducted, except where the failure to obtain
      such
      licenses, authorizations, consents and approvals would not reasonably be
      expected to have a Purchaser Material Adverse Effect.

     

    Section
      4.02 No
      Conflicts.
      The
      execution, delivery and performance by such Purchaser of the Basic Documents
      and
      all other agreements and instruments to be executed and delivered by such
      Purchaser pursuant hereto or thereto or in connection herewith or therewith,
      compliance by such Purchaser with the terms and provisions hereof and thereof,
      and the purchase of the Purchased Units by such Purchaser do not and will not
      (a) violate any provision of any Law, governmental permit, determination or
      award having applicability to such Purchaser or any of its Properties,
      (b) conflict with or result in a violation of any provision of the
      organizational documents of such Purchaser, or (c) require any consent
      (other than standard internal consents), approval or notice under or result
      in a
      violation or breach of or constitute (with or without due notice or lapse of
      time or both) a default (or give rise to any right of termination, cancellation
      or acceleration) under any note, bond, mortgage, license, loan or credit
      agreement or other instrument or agreement to which such Purchaser is a party
      or
      by which such Purchaser or any of its Properties may be bound, except in the
      case of clauses (a) and (c), where such violation, default, breach, termination,
      cancellation, failure to receive consent or approval, or acceleration with
      respect to the foregoing provisions of this Section 4.02
      would
      not, individually or in the aggregate, reasonably be expected to have a
      Purchaser Material Adverse Effect.

     

    Section
      4.03 Investment.
      The
      Purchased Units are being acquired for such Purchaser’s own account, or the
      accounts of clients for whom such Purchaser exercises discretionary investment
      authority, not as a nominee or agent, and with no present intention of
      distributing the Purchased Units or any part thereof, and such Purchaser has
      no
      present intention of selling or granting any participation in or otherwise
      distributing the same in any transaction in violation of the securities Laws
      of
      the United States of America or any state. If such Purchaser should in the
      future decide to dispose of any of the Purchased Units, such Purchaser
      understands and agrees (a) that it may do so only (i) in compliance
      with the Securities Act and applicable state securities law, as then in effect,
      or (ii) in the manner contemplated by any registration statement pursuant
      to which such securities are being offered, and (b) that stop-transfer
      instructions to that effect will be in effect with respect to such securities.
      Notwithstanding the foregoing, each Purchaser may at any time enter into one
      or
      more total return swaps with respect to such Purchaser’s Purchased Units with a
      third party provided that such transactions are exempt from registration under
      the Securities Act.

     

    
      
        
        

      

      
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    Section
      4.04 Nature
      of Purchaser.
      Such
      Purchaser represents and warrants to, and covenants and agrees with, the
      Partnership that, (a) it is an “accredited investor” (within the meaning of
      Rule 501(a) under the Securities Act), (b) it is a “qualified institutional
      buyer” (within the meaning of Rule 144A under the Securities Act),
      (c) by reason of its business and financial experience it has such
      knowledge, sophistication and experience in business and financial matters
      so as
      to be capable of evaluating the merits and risks of the prospective investment
      in the Purchased Units, is able to bear the economic risk of such investment
      and, at the present time, would be able to afford a complete loss of such
      investment and (d) it is acquiring the Purchased Units purchased by it only
      for its own account and not for the account of others, for investment purposes
      and not on behalf of any other account or Person or with a view to, or for
      offer
      or sale in connection with, any distribution thereof. Purchaser is not an entity
      formed for the specific purpose of acquiring the Purchased Units.

     

    Section
      4.05 Receipt
      of Information.
      Such
      Purchaser acknowledges that it (a) has access to the SEC Documents and (b)
      has
      been provided a reasonable opportunity to ask questions of and receive answers
      from Representatives of the Partnership regarding such matters. 

     

    Section
      4.06 Restricted
      Securities.
      Such
      Purchaser understands that the Purchased Units it is purchasing are
      characterized as “restricted securities” under the federal securities Laws
      inasmuch as they are being acquired from the Partnership in a transaction not
      involving a public offering and that under such Laws and applicable regulations
      such securities may be resold without registration under the Securities Act
      only
      in certain limited circumstances. In this connection, such Purchaser represents
      that it is knowledgeable with respect to Rule 144 of the Commission
      promulgated under the Securities Act;. 

     

    Section
      4.07 Certain
      Fees.
      Except
      as previously disclosed to the Partnership, no fees or commissions will be
      payable by such Purchaser to brokers, finders, or investment bankers with
      respect to the sale of any of the Purchased Units or the consummation of the
      transactions contemplated by this Agreement. 

     

    Section
      4.08 Legend.
      It is
      understood that the certificates evidencing the Purchased Units will bear the
      following legend: 

     

    “These
      securities have not been registered under the Securities Act of 1933, as amended
      (the “Securities Act”), or the securities laws of any state or other
      jurisdiction. These securities may not be sold or offered for sale, pledged
      or
      hypothecated except pursuant to an effective registration statement under the
      Securities Act or pursuant to an exemption from registration thereunder, in
      each
      case in accordance with all applicable securities laws of the states or other
      jurisdictions, and in the case of a transaction exempt from registration, such
      securities may only be transferred if the transfer agent for such securities
      has
      received documentation satisfactory to it that such transaction does not require
      registration under the Securities Act.
      

     

    
      
        
        

      

      
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    Section
      4.09 Reliance
      on Exemptions. Purchaser understands that the Purchased Units are being
      offered and sold to Purchaser in reliance upon specific exemptions from the
      registration requirements of United States federal and state securities laws
      and
      that the Partnership is relying upon the truth and accuracy of, and Purchaser’s
      compliance with, the representations, warranties, agreements, acknowledgments
      and understandings of Purchaser set forth herein in order to determine the
      availability of such exemptions and the eligibility of Purchaser to acquire
      the
      Purchased Units.

     

    Section
      4.10 Reliance
      on Purchaser Statements. Purchaser acknowledges that the Partnership and
      others will rely on the acknowledgments, understandings, agreements,
      representations and warranties contained in this Agreement.

     

    ARTICLE
      V

    COVENANTS

     

    Section
      5.01 Purchaser
      Lock-Up.
      Without
      the prior written consent of the Partnership, each Purchaser agrees that from
      and after the Closing until the Lock-Up Date, neither such Purchaser nor any
      of
      its Affiliates will offer, sell, pledge or otherwise transfer or dispose of
      any
      of its Purchased Units or enter into any transaction or device designed to
      do
      the same;
      provided,
      however,
      that
      each Purchaser may: (i) enter into one or more total return swaps or similar
      transactions at any time with respect to the Purchased Units purchased by such
      Purchaser; or (ii) transfer its Purchased Units to an Affiliate of such
      Purchaser or to any other Purchaser or an Affiliate of such other Purchaser
      provided that such Affiliate agrees to the restrictions in this Section 5.01.
      

     

    Section
      5.02 Subsequent
      Offerings.
      Without
      the written consent of the holders of a majority of the Purchased Units, taken
      as a whole, from and after the date of this Agreement until the Lock-Up Date,
      the Partnership shall not grant, issue or sell any Common Units, or take any
      other action that may result in the issuance of any of the foregoing, at a
      price
      less than [to
      be
      equal to 115% of the volume-weighted average price of
      the Partnership’s Common Units for the 10 trading days ending one day prior to
      the date hereof];
      provided,
      however,
      that no
      such consent shall be required in respect of (i) the issuance of awards pursuant
      to the LTIP, the issuance of Common Units upon the exercise of options to
      purchase Common Units granted pursuant to the LTIP or the issuance of Common
      Units upon the vesting of “phantom units” granted pursuant to the LTIP, (ii)
the
      issuance of 620,404 Common Units to the General Partner or its Affiliates to
      partially finance recently announced Partnership acquisitions from an Affiliate
      of the General Partner, (iii) the issuance or sale of up to $150,000,000 of
      Common Units to finance recently announced Partnership acquisitions, (iv) the
      issuance and sale of Common Units pursuant to the MEG Purchase
      Agreement
      or (v)
      the issuance of Partnership Securities to the General Partner in order for
      the
      General Partner to maintain its 2% general partner interest in the
      Partnership.

     

    
      
        
        

      

      
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    Section
      5.03 Taking
      of Necessary Action.
      Each of
      the Parties hereto shall use its commercially reasonable efforts promptly to
      take or cause to be taken all action and promptly to do or cause to be done
      all
      things necessary, proper or advisable under applicable Law and regulations
      to
      consummate and make effective the transactions contemplated by this Agreement.
      Without
      limiting the foregoing, the Partnership and each Purchaser shall use its
      commercially reasonable efforts to make all filings and obtain all consents
      of
      Governmental Authorities that may be necessary or, in the reasonable opinion
      of
      the Purchasers or the Partnership, as the case may be, advisable for the
      consummation of the transactions contemplated by the Basic
      Documents.

     

    Section
      5.04 Disclosure;
      Public Filings.
      The
      Partnership may, without prior written consent or notice, (i) file the Basic
      Documents as exhibits to Exchange Act reports and (ii) disclose such information
      with respect to any Purchaser as required by applicable Law or the rules or
      regulations of the NYSE or other exchange on which securities of the Partnership
      are listed or traded.

    

    Section
      5.05 Other
      Actions. The Partnership shall, as soon as reasonably practicable after the
      date hereof, and not later than immediately prior to the Closing, file a
      supplemental listing application with the NYSE to list the Purchased
      Units.

     

    Section
      5.06 Certain
      Special Allocations of Book and Taxable Income.
      To the
      extent that the Purchase Price is less than the trading price of the Common
      Units on the NYSE as of the Closing Date, the General Partner intends to
      specially allocate items of book and taxable income to the Purchasers so that
      their capital accounts in their Common Units are consistent, on a per-unit
      basis, with the capital accounts of the other holders of Common Units (and
      thus
      to assure fungibility of all Common Units). Such special allocation will occur
      upon the earlier to occur of any taxable period of the Partnership ending upon,
      or after, (i) a book-up event or book-down event in accordance with Treasury
      Regulation Section 1.704-1(b)(2)(iv)(f) or a sale of all or substantially all
      of
      the assets of the Partnership occurring after the date of the issuance of the
      Purchased Units or (ii) a transfer by a Purchaser of Common Units to a Person
      that is not an Affiliate of the holder. A Purchaser holding a Common Unit shall
      be required to provide notice to the General Partner of the transfer of a Common
      Unit to a Person that is not an Affiliate of the Purchaser no later than the
      last Business Day of the calendar year during which such transfer occurred,
      unless by virtue of the application of clause (i) above, the General Partner
      has
      determined that the Common Units transferred are consistent, on a per-unit
      basis, with the capital accounts of the other holders of Common
      Units.

     

    ARTICLE
      VI

    CLOSING
      CONDITIONS

     

    Section
      6.01 Conditions
      to the Closing.

     

    (a) Mutual
      Conditions.
      The
      respective obligation of each Party to consummate the purchase and issuance
      and
      sale of the Purchased Units shall be subject to the satisfaction on or prior
      to
      the Closing Date of each of the following conditions (any or all of which may
      be
      waived by a particular Party on behalf of itself in writing, in whole or in
      part, to the extent permitted by applicable Law): 

     

    
      
        
        

      

      
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    (i) no
      Law
      shall have been enacted or promulgated, and no action shall have been taken,
      by
      any Governmental Authority of competent jurisdiction which temporarily,
      preliminarily or permanently restrains, precludes, enjoins or otherwise
      prohibits the consummation of the transactions contemplated by this Agreement
      or
      makes the transactions contemplated by this Agreement illegal;

     

    (ii) there
      shall not be pending any Action by any Governmental Authority seeking to
      restrain, preclude, enjoin or prohibit the transactions contemplated by this
      Agreement; and

     

    (iii) the
      Purchased Units shall have been approved for listing on the NYSE, subject to
      notice of issuance.

     

    (b) Each
      Purchaser’s Conditions.
      The
      respective obligation of each Purchaser to consummate the purchase of its
      Purchased Units shall be subject to the satisfaction on or prior to the Closing
      Date of each of the following conditions (any or all of which may be waived
      by a
      particular Purchaser on behalf of itself in writing, in whole or in part, to
      the
      extent permitted by applicable Law):

     

    (i) the
      Partnership shall have performed and complied with the covenants and agreements
      contained in this Agreement that are required to be performed and complied
      with
      by the Partnership on or prior to the Closing Date;

     

    (ii) the
      representations and warranties of the Partnership contained in this Agreement
      that are qualified by materiality or Partnership Material Adverse Effect shall
      be true and correct when made and as of the Closing Date and all other
      representations and warranties shall be true and correct in all material
      respects when made and as of the Closing Date, in each case as though made
      at
      and as of the Closing Date (except that representations made as of a specific
      date shall be required to be true and correct as of such date
      only);

     

    (iii) no
      notice
      of delisting from the NYSE shall have been received by the Partnership with
      respect to the Common Units; and

     

    (iv) the
      Partnership shall have delivered, or caused to be delivered, to the Purchasers
      at the Closing, the Partnership’s closing deliveries described in Section
      6.02.

     

    (c) The
      Partnership’s Conditions.
      The
      obligation of the Partnership to consummate the sale of the Purchased Units
      to
      each of the Purchasers shall be subject to the satisfaction on or prior to
      the
      Closing Date of each of the following conditions with respect to each Purchaser
      individually and not the Purchasers jointly (any or all of which may be waived
      by the Partnership in writing, in whole or in part, to the extent permitted
      by
      applicable Law): 

     

    (i) each
      Purchaser shall have performed and complied with the covenants and agreements
      contained in this Agreement that are required to be performed and complied
      with
      by that Purchaser on or prior to the Closing Date;

     

    
      
        
        

      

      
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    (ii) the
      representations and warranties of each Purchaser contained in this Agreement
      that are qualified by materiality or Purchaser Material Adverse Effect shall
      be
      true and correct when made and as of the Closing Date and all other
      representations and warranties shall be true and correct in all material
      respects when made and as of the Closing Date, in each case as though made
      at
      and as of the Closing Date (except that representations made as of a specific
      date shall be required to be true and correct as of such date
      only);

     

    (iii) since
      the
      date of this Agreement, no Purchaser Material Adverse Effect shall have occurred
      and be continuing; and

     

    (iv) each
      Purchaser shall have delivered, or caused to be delivered, to the Partnership
      at
      the Closing, such Purchaser’s closing deliveries described in Section
      6.03.

     

    Section
      6.02 Partnership
      Deliveries.
      At
      the
      Closing, subject to the terms and conditions of this Agreement, the Partnership
      will deliver, or cause to be delivered, to each Purchaser: 

     

    (a) The
      Purchased Units by delivering certificates (bearing the legend set forth in
      Section
      4.08)
      evidencing such Purchased Units at the Closing, all free and clear of any Liens,
      encumbrances or interests of any other party other than restrictions on transfer
      imposed by federal and state securities Laws and those imposed by such
      Purchaser; 

     

    (b) Copies
      of
      (i) the Certificate of Limited Partnership of the Partnership, (ii) the
      Certificate of Limited Partnership of the General Partner and (iii) the
      Certificate of Formation of the GP LLC, each certified by the Secretary of
      State
      of the State of Delaware, dated as of a recent date;

     

    (c) A
      certificate of the Secretary of State of the State of Delaware, dated as of
      a
      recent date, that the Partnership is in good standing;

     

    (d) An
      Officer’s Certificate substantially in the form attached to this Agreement as
Exhibit B;
      

     

    (e) An
      opinion addressed to the Purchasers from outside legal counsel to the
      Partnership dated the Closing Date, substantially similar in substance to the
      form of opinions attached to this Agreement as Exhibit
      D;

     

    (f) The
      Registration Rights Agreement in substantially the form attached to this
      Agreement as Exhibit
      A,
      which
      shall have been duly executed by the Partnership; and

     

    (g) A
      certificate of the Secretary or Assistant Secretary of the General Partner,
      on
      behalf of the Partnership, certifying as to (i) the Partnership Agreement,
      as
      amended, (ii) board resolutions authorizing the execution and delivery of the
      Basic Documents and the consummation of the transactions contemplated thereby
      and (iii) the incumbent officers authorized to execute the Basic Documents,
      setting forth the name and title and bearing the signatures of such officers.
      

     

    
      
        
        

      

      
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    Section
      6.03 Purchaser
      Deliveries.
      At
      the
      Closing, subject to the terms and conditions of this Agreement, each Purchaser
      will deliver, or cause to be delivered:

     

    (a) Payment
      to the Partnership of such Purchaser’s Allocated Purchase Amount by wire
      transfer(s) of immediately available funds to an account designated by
      Partnership in writing at least two (2) Business Days prior to the
      Closing;

     

    (b) The
      Registration Rights Agreement in substantially the form attached to this
      Agreement as Exhibit
      A,
      which
      shall have been duly executed by such Purchaser; and

     

    (c) An
      Officer’s Certificate substantially in the form attached to this Agreement as
Exhibit
      C.

     

    ARTICLE
      VII

    INDEMNIFICATION,
      COSTS AND EXPENSES

     

    Section
      7.01 Indemnification
      by the
      Partnership. The
      Partnership agrees to indemnify each Purchaser and its Representatives
      (collectively, “Purchaser
      Related Parties”)
      from,
      and hold each of them harmless against any and all actions, suits, proceedings
      (including any investigations, litigation or inquiries), demands and causes of
      action, and, in connection therewith, and promptly on demand, pay and reimburse
      each of them costs, losses, liabilities, damages, or expenses of any kind or
      nature whatsoever, including the reasonable fees and disbursements of counsel
      and all other reasonable expenses incurred in connection with investigating,
      defending or preparing to defend any such matter that may be incurred by them
      or
      asserted against or involve any of them as a result of, arising out of, or
      in
      any way related to the breach of any of the representations, warranties or
      covenants of the Partnership contained herein, provided,
      that
      such claim for indemnification relating to a breach of a representation or
      warranty is made prior to the expiration of such representation or warranty;
      and
provided
      further, that
      no
      Purchaser Related Party shall be entitled to recover special, consequential
      (including lost profits) or punitive damages. Notwithstanding anything to the
      contrary, consequential damages shall not be deemed to include diminution in
      value of the Purchased Units, which shall be specifically indemnifiable under
      this provision.

     

    Section
      7.02 Indemnification
      by Purchasers.
      Each
      Purchaser agrees, severally and not jointly, to indemnify the Partnership and
      its Representatives (collectively, “Partnership
      Related Parties”)
      from,
      and hold each of them harmless against, any and all actions, suits, proceedings
      (including any investigations, litigation, or inquiries), demands and causes
      of
      action and, in connection therewith, and promptly upon demand, pay and reimburse
      each of them costs, losses, liabilities, damages, or expenses of any kind or
      nature whatsoever, including, without limitation, the reasonable fees and
      disbursements of counsel and all other reasonable expenses incurred in
      connection with investigating, defending or preparing to defend any such matter
      that may be incurred by them or asserted against or involve any of them as
      a
      result of, arising out of, or in any way related to the breach of any of the
      representations, warranties or covenants of such Purchaser contained herein;
      provided,
      that
      such claim for indemnification relating to a breach of a representation or
      warranty is made prior to the expiration of such representation or warranty;
      and
provided
      further, that no
      Partnership Related Party shall be entitled to recover special, consequential
      (including lost profits) or punitive damages. Notwithstanding anything to the
      contrary, consequential damages shall not be deemed to include diminution in
      value of the Purchased Units, which shall be specifically indemnifiable under
      this provision.

     

    
      
        
        

      

      
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    Section
      7.03 Indemnification
      Procedure.Promptly
      after any Partnership Related Party or Purchaser Related Party (hereinafter,
      the
“Indemnified
      Party”)
      has
      received notice of any indemnifiable claim hereunder, or the commencement of
      any
      action or proceeding by a third party, which the Indemnified Party believes
      in
      good faith is an indemnifiable claim under this Agreement, the Indemnified
      Party
      shall give the indemnitor hereunder (the “Indemnifying
      Party”)
      written notice of such claim or the commencement of such action or proceeding,
      but failure to so notify the Indemnifying Party will not relieve the
      Indemnifying Party from any liability it may have to such Indemnified Party
      hereunder except to the extent that the Indemnifying Party is materially
      prejudiced by such failure. Such notice shall state the nature and the basis
      of
      such claim to the extent then known. The Indemnifying Party shall have the
      right
      to defend and settle, at its own expense and by its own counsel who shall be
      reasonably acceptable to the Indemnified Party, any such matter as long as
      the
      Indemnifying Party pursues the same diligently and in good faith. If the
      Indemnifying Party undertakes to defend or settle, it shall promptly notify
      the
      Indemnified Party of its intention to do so, and the Indemnified Party shall
      cooperate with the Indemnifying Party and its counsel in all commercially
      reasonable respects in the defense thereof and the settlement thereof. Such
      cooperation shall include furnishing the Indemnifying Party with any books,
      records and other information reasonably requested by the Indemnifying Party
      and
      in the Indemnified Party’s possession or control. Such cooperation of the
      Indemnified Party shall be at the cost of the Indemnifying Party. After the
      Indemnifying Party has notified the Indemnified Party of its intention to
      undertake to defend or settle any such asserted liability, and for so long
      as
      the Indemnifying Party diligently pursues such defense, the Indemnifying Party
      shall not be liable for any additional legal expenses incurred by the
      Indemnified Party in connection with any defense or settlement of such asserted
      liability; provided,
      however,
      that
      the Indemnified Party shall be entitled (i) at its expense, to participate
      in
      the defense of such asserted liability and the negotiations of the settlement
      thereof and (ii) if (A) the Indemnifying Party has failed to assume the defense
      or employ counsel reasonably acceptable to the Indemnified Party or (B) if
      the
      defendants in any such action include both the Indemnified Party and the
      Indemnifying Party and counsel to the Indemnified Party shall have concluded
      that there may be reasonable defenses available to the Indemnified Party that
      are different from or in addition to those available to the Indemnifying Party
      or if the interests of the Indemnified Party reasonably may be deemed to
      conflict with the interests of the Indemnifying Party, then the Indemnified
      Party shall have the right to select a separate counsel and to assume such
      legal
      defense and otherwise to participate in the defense of such action, with the
      expenses and fees of such separate counsel and other expenses related to such
      participation to be reimbursed by the Indemnifying Party as incurred.
      Notwithstanding any other provision of this Agreement, the Indemnifying Party
      shall not settle any indemnified claim without the consent of the Indemnified
      Party, unless the settlement thereof imposes no liability or obligation on,
      involves no admission of wrongdoing or malfeasance by, and includes a complete
      release from liability of, the Indemnified Party.

     

    
      
        
        

      

      
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    ARTICLE
      VIII

    MISCELLANEOUS 

     

    Section
      8.01 Interpretation.Article,
      Section, Schedule, and Exhibit references are to this Agreement, unless
      otherwise specified. All references to instruments, documents, contracts, and
      agreements are references to such instruments, documents, contracts, and
      agreements as the same may be amended, supplemented, and otherwise modified
      from
      time to time, unless otherwise specified. The word “including” shall mean
“including but not limited to.” Whenever the Partnership has an obligation under
      the Basic Documents, the expense of complying with such obligation shall be
      an
      expense of the Partnership unless otherwise specified therein. Whenever any
      determination, consent or approval is to be made or given by a Purchaser under
      the Basic Documents, such action shall be in such Purchaser’s sole discretion
      unless otherwise specified therein. If any provision in the Basic Documents
      is
      held to be illegal, invalid, not binding, or unenforceable, such provision
      shall
      be fully severable and the Basic Documents shall be construed and enforced
      as if
      such illegal, invalid, not binding or unenforceable provision had never
      comprised a part of the Basic Documents, and the remaining provisions shall
      remain in full force and effect. The Basic Documents have been reviewed and
      negotiated by sophisticated parties with access to legal counsel and shall
      not
      be construed against the drafter. 

     

    Section
      8.02 Survival
      of Provisions.
      The
      representations and warranties set forth in Sections 3.01, 3.02, 3.06, 3.09,
      3.10, 3.11, 4.01, 4.03, 4.04, 4.05, 4.06, 4.07, 4.08, 4.09 and 4.10 of this
      Agreement shall survive the execution and delivery of this Agreement
      indefinitely, and the other representations and warranties set forth in this
      Agreement shall survive for a period of twelve (12) months following the Closing
      Date regardless of any investigation made by or on behalf of the Partnership
      or
      any Purchaser. The covenants made in this Agreement or any other Basic Document
      shall survive the closing of the transactions described herein and remain
      operative and in full force and effect regardless of acceptance of any of the
      Purchased Units and payment therefor and repayment, conversion or repurchase
      thereof. All indemnification obligations of the Partnership and the Purchasers
      pursuant to this Agreement shall remain operative and in full force and effect
      unless such obligations are expressly terminated in a writing by the Parties,
      regardless of any purported general termination of this Agreement. 

     

    Section
      8.03 No
      Waiver; Modifications in Writing.

     

    (a) Delay.
      No
      failure or delay on the part of any Party in exercising any right, power, or
      remedy hereunder shall operate as a waiver thereof, nor shall any single or
      partial exercise of any such right, power, or remedy preclude any other or
      further exercise thereof or the exercise of any right, power, or remedy. The
      remedies provided for herein are cumulative and are not exclusive of any
      remedies that may be available to a Party at Law or in equity or otherwise.
      

     

    (b) Specific
      Waiver; Amendment.
      Except
      as otherwise provided herein, no amendment, waiver, consent, modification or
      termination of any provision of this Agreement or any other Basic Document
      shall
      be effective unless signed by each of Parties or each of the original
      signatories thereto affected by such amendment, waiver, consent, modification
      or
      termination. Any amendment, supplement or modification of or to any provision
      of
      any Basic Document, any waiver of any provision of any Basic Document and any
      consent to any departure by the Partnership from the terms of any provision
      of
      any Basic Document shall be effective only in the specific instance and for
      the
      specific purpose for which made or given. Except where notice is specifically
      required by this Agreement, no notice to or demand on the Partnership in any
      case shall entitle the Partnership to any other or further notice or demand
      in
      similar or other circumstances.

     

    
      
        
        

      

      
        21

        
          

        

      

      
        
        

      

    

     

    Section
      8.04 Binding
      Effect; Assignment.

     

    (a) Binding
      Effect.
      This
      Agreement shall be binding upon the Partnership, each Purchaser and their
      respective successors and permitted assigns. Except as expressly provided in
      this Agreement, this Agreement shall not be construed so as to confer any right
      or benefit upon any Person other than the Parties to this Agreement and as
      provided in Article VII, and their respective successors and permitted assigns.
      

     

    (b) Assignment
      of Purchased Units.
      All or
      any portion of a Purchaser’s Purchased Units purchased pursuant to this
      Agreement may be sold, assigned or pledged by such Purchaser, subject to
      compliance with applicable federal and state securities Laws, Section
      5.04(b)
      and the
      Registration Rights Agreement. 

     

    (c) Assignment
      of Rights.
      Each
      Purchaser may assign all or any portion of its rights without the consent of
      the
      Partnership (i) to any Affiliate of such Purchaser or (ii) in connection with
      a
      total return swap or similar transaction with respect to the Purchased Units
      purchased by such Purchaser, and in each case the assignee shall be deemed
      to be
      a Purchaser hereunder with respect to such assigned rights or obligations and
      shall agree to be bound by the provisions of this Agreement. Except as expressly
      permitted by this Section
      8.04(c),
      such
      rights may not otherwise be transferred except with the prior written consent
      of
      the Partnership (which consent shall not be unreasonably withheld), in which
      case the assignee shall be deemed to be a Purchaser hereunder with respect
      to
      such assigned rights or obligations and shall agree to be bound by the
      provisions of this Agreement. 

     

    Section
      8.05 Aggregation
      of Purchased Units.
      All
      Purchased Units held or acquired by Persons who are Affiliates of one another
      shall be aggregated together for the purpose of determining the availability
      of
      any rights under this Agreement.

     

    Section
      8.06 Confidentiality
      and Non-Disclosure.
      Notwithstanding anything herein to the contrary, each Purchaser that has entered
      into a confidentiality agreement in favor of the Partnership shall continue
      to
      be bound by such confidentiality agreement in accordance with the terms thereof.
      

     

    Section
      8.07 Communications.
      All
      notices and demands provided for hereunder shall be in writing and shall be
      given by regular mail, registered or certified mail, return receipt requested,
      facsimile, air courier guaranteeing overnight delivery, electronic mail or
      personal delivery to the addresses listed in Schedule
      8.07
      of this
      Agreement or to such other address as the Partnership or a Purchaser may
      designate in writing. All notices and communications shall be deemed to have
      been duly given: at the time delivered by hand, if personally delivered; when
      notice that the recipient has read the message, if sent via electronic mail;
      upon actual receipt, if sent by registered or certified mail, return receipt
      requested, or regular mail, if mailed; when receipt acknowledged, if sent via
      facsimile; and upon actual receipt when delivered to an air courier guaranteeing
      overnight delivery. 

     

    
      
        
        

      

      
        22

        
          

        

      

      
        
        

      

    

     

    Section
      8.08 Removal
      of Legend.
      The
      Partnership shall remove the legend described in Section
      4.08
      from the
      certificates evidencing the Purchased Units at the request of a Purchaser
      submitting to the Partnership such certificates, together with an opinion of
      counsel, if required by the Partnership’s transfer agent, to the effect that
      such legend is no longer required under the Securities Act or applicable state
      securities Laws, as the case may be, unless the Partnership, with the advice
      of
      counsel, determines that such removal is inappropriate.
      The Partnership shall pay all costs incurred in removing such legend from the
      certificates evidencing the Purchased Units.

     

    Section
      8.09 Entire
      Agreement.
      This
      Agreement and the other Basic Documents are intended by the Parties as a final
      expression of their agreement and intended to be a complete and exclusive
      statement of the agreement and understanding of the Parties hereto and thereto
      in respect of the subject matter contained herein and therein. There are no
      restrictions, promises, warranties or undertakings, other than those set forth
      or referred to herein and therein, with respect to the rights granted by the
      Partnership or a Purchaser set forth herein and therein. This Agreement and
      the
      other Basic Documents supersede all prior agreements and understandings between
      the Parties with respect to such subject matter. The Schedules and Exhibits
      referred to herein and attached hereto are incorporated herein by this
      reference, and unless the context expressly requires otherwise, are incorporated
      in the definition of “Agreement.”

     

    Section
      8.10 Governing
      Law.
      This
      Agreement will be construed in accordance with and governed by the Laws of
      the
      State of New York without regard to principles of conflicts of Laws.

     

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

     

    Section
      8.12 Termination.

     

    (a) Notwithstanding
      anything herein to the contrary, this Agreement may be terminated at any time
      at
      or prior to the Closing by the mutual written consent of the Purchasers entitled
      to purchase a majority of the Purchased Units and the Partnership.

     

    (b) Notwithstanding
      anything herein to the contrary, this Agreement shall automatically terminate
      at
      any time at or prior to the Closing:

     

    (i) 
      if a
      statute, rule, order, decree or regulation shall have been enacted or
      promulgated, or if any action shall have been taken by any Governmental
      Authority of competent jurisdiction which permanently restrains, precludes,
      enjoins or otherwise prohibits the consummation of the transactions contemplated
      by this Agreement or makes the transactions contemplated by this Agreement
      illegal; or

     

    
      
        
        

      

      
        23

        
          

        

      

      
        
        

      

    

     

    (ii) if
      the
      Closing shall not have occurred on or before July 2, 2007.

     

    (c) In
      the
      event of the termination of this Agreement as provided in Sections 8.12(a)
      or
8.12(b),
      this
      Agreement shall forthwith become null and void. In the event of such
      termination, there shall be no liability on the part of any party hereto, except
      (i) as set forth in Article
      VII
      of this
      Agreement and (ii) with respect to the requirement to comply with any
      confidentiality agreement in favor of the Partnership; provided,
      that
      nothing herein shall relieve any party from any liability or obligation with
      respect to any willful breach of this Agreement.

     

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

     

    Section
      8.14 Expenses.
      The Partnership hereby covenants and agrees to reimburse Baker Botts L.L.P.
      for
      reasonable legal fees and related expenses incurred in connection with the
      negotiation, execution, delivery and performance of the Basic Documents and
      the
      transactions contemplated hereby and thereby, provided
      that
      such costs and expenses do not exceed $50,000 and provided further that any
      request for such payment is accompanied by satisfactory written invoice for
      such
      fees and expenses. If any action at law or equity is necessary to enforce or
      interpret the terms of the Basic Documents, the prevailing party shall be
      entitled to reasonable attorney’s fees, out-of-pocket costs and necessary
      disbursements in addition to any other relief to which such party may be
      entitled. 

     

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

     

    
      
        
        

      

      
        24

        
          

        

      

      
        
        

      

    

     

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

     

    
      	 	 	 
	 	DCP
              MIDSTREAM PARTNERS, LP
	 	 	 
	 	By:	
              DCP Midstream Partners GP, LP,

              its
                General Partner

            
	 	 	 
	 	By:	
              DCP Midstream Partners GP, LLC,

              its
                General Partner

            
	 	 	 
	 	By:  	/s/
              Thomas E.
              Long                                         
              
	 	Name:   	Thomas E.
              Long                                  
                          
              
	 	Title:      	Vice
              President and Chief Financial Officer   
              

    

     

    
      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

      
        	 	 	 
	 	GPS
                INCOME FUND LP
	 	 
	 	By:  GPS
                Partners, LLC, its General Partner
	 
 	 
 	 
 
	 	By:  	/s/ Jeff
                Farron
	 	
                

                Name:
                  Jeff Farron

                Title:
                  CFO

              
	 	 

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

         

        
          	 	 	 
	 	KIDRON
                  PARTNERS III LP
	 	 
	 	By:
                   Kidron
                  Capital LLC,
                   Its
                    general partner

                
	 
 	 
 	 
 
	 	By:  	/s/ Chuck
                  Webster
	 	
                  

                  Chuck
                    Webster

                  Managing
                    Member

                
	 	 

        

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      
        	 	 	 
	 	
                ROYAL
                  BAK OF CANADA

                by
                  its agent

              
	 	 
	 	RBC CAPITAL MARKETS CORPORATION
	 
 	 
 	 
 
	 	By:  	/s/ Josef
                Muskafel
	 	 	
                
Josef
                Muskafel
                Director
                  and Senior Counsel

              
	 	 	 
	 	 	 
	 	By: 	/s/ David Weiner
	 	
                

                
                  David
                    Weiner

                  Managing
                    Director

                

              
	 	 

      

      
         

      

      
        
           

        

        
           

          
            

          

        

        
           

        

        
          	 	 	 
	 	
                  TORTOISE
                    ENERGY INFRASTRUCTURE CORPORATION

                
	 
 	 
 	 
 
	 	By:  	/s/ Zachary
                  A. Hamel
	 	
                  

                  Zachary
                    A. Hamel

                  Senior
                    Vice President

                
	 	 

        

      

      
         

      

      
        
           

        

        
           

          
            

          

        

        
           

        

         

        
          	 	 	 
	 	
                  ING
                    LIVE INSURANCE AND ANNUITY COMPANY

                  RELIASTAR
                    LIFE INSURANCE COMPANY

                  ING
                    USA ANNUITY AND LIFE INSURANCE

                  COMPANY

                  SECURITY
                    LIFE OF DENVER INSURANCE

                  COMPANY

                  RELIASTAR
                    LIFE INSURACNE COMPANY OF 

                  NEW
                    YORK

                
	 	 
	 	By:
                   ING
                  Investment Management LLC as
                  Agent
	 
 	 
 	 
 
	 	By:  	/s/ Steve
                  Newby
	 	
                  

                  Steve
                    Newby

                  Vice
                    President

                
	 	 

        

      

      
         

      

      
        
          
             

          

          
             

            
              

            

          

          
             

          

        

      

       

      
        	 	 	 
	 	ENERGY
                INCOME AND GROWTH FUND
	 
 	 
 	 
 
	 	By:  	/s/ David
                Lindquist
	 	
                
Name: David
                Lindquist
	 	Title: Vice
                President

      

       

      
        
          
             

          

          
             

            
              

            

          

          
             

          

        

      

      
        	 	 	 
	 	
                FIDUCIARY/CLAYMORE
                  MLP OPPORTUNITY FUND

              
	 
 	 
 	 
 
	 	By:  	/s/ Steven
                M. Hill
	 	
                

                Name: Steven
                  M. Hill

                Title: Chief
                  Financial Officer

              
	 	 

      
        
           

        

        
           

          
            

          

        

        
           

        

         

        
          	 	 	 
	 	EAGLE
                  INCOME APPRECIATION PARTNERS, L.P.
	 	 
	 	
                  By: Eagle
                    Income Appreciation GP, LLC

                  By: Eagle
                    Global Advisors, LLC

                
	 
 	 
 	 
 
	 	By:  	/s/ Malcolm
                  Day
	 	
                  

                  Name: Malcolm
                    Day

                  Title: Partner

                
	 	 

        

      

      
        	 	 	 
	 	EAGLE
                INCOME
                APPRECIATION II, L.P.
	 	 
	 	
                By: Eagle
                  Income Appreciation GP, LLC

                By: Eagle
                  Global Advisors, LLC

              
	 
 	 
 	 
 
	 	By:  	/s/ Malcolm
                Day
	 	
                
Name: Malcolm
                Day
	 	Title: Partner

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      
        	 	 	 
	 	HARTZ
                CAPITAL MLP, LLC
	 	 
	 	
                By: Hartz
                  Capital, Inc.,

                Its Manager

              
	 
 	 
 	 
 
	 	By:  	/s/ Ronald
                J. Bangs
	 	
                
Ronald
                J. Bangs
	 	Chief
                Operating Officer

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

         

      

      
        	 	 	 
	 	
                THE
                  NORTHWESTERN MUTUAL LIFE INSURANCE
                  COMPANY

              
	 
 	 
 	 
 
	 	By:  	/s/ Jerome
                R. Baier
	 	
                

                Jerome
                  R. Baier

                its
                  authorized representative

              
	 	 

      

      
        
           

        

        
           

          
            

          

        

        
           

        

         

        
          	 	 	 
	 	MSDW
                  STRATEGIC INVESTMENTS, INC.
	 
 	 
 	 
 
	 	By:  	/s/ Alan
                  Thomas
	 	
                  

                  Name:
                    Alan Thomas

                  Title:
                    Vice President

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