Document:

Amended and Restated Credit Agreement

 Exhibit 10.1 

 
  
 AMENDED AND RESTATED CREDIT AGREEMENT 
 Dated as of June 21, 2007 

among 
 DCP
MIDSTREAM OPERATING, LP 
 as the Borrower, 
 DCP MIDSTREAM PARTNERS, LP 
 and its subsidiaries 

as Guarantors, 

THE LENDERS PARTY HERETO 
 and 
 WACHOVIA BANK, NATIONAL ASSOCIATION, 

as Administrative Agent 
  

 
 SUNTRUST BANK, 

as Syndication Agent, 
 and 
 WACHOVIA CAPITAL MARKETS, LLC 

and 
 SUNTRUST
CAPITAL MARKETS, INC., 
 as Co-Lead Arrangers and Joint Book Runners 

  
 TABLE OF
CONTENTS 
  

							
	 SECTION 1. DEFINITIONS AND ACCOUNTING TERMS
	  	 	1	  
	               1.1
	  	Definitions.	  	 	1	  
	               1.2
	  	Computation of Time Periods.	  	 	22	  
	               1.3
	  	Accounting Terms.	  	 	22	  
	               1.4
	  	Time.	  	 	22	  
		
	 SECTION 2. LOANS
	  	 	23	  
	               2.1
	  	Revolving and Term Loans.	  	 	23	  
	               2.2
	  	Letters of Credit.	  	 	24	  
	               2.3
	  	Method of Borrowing for Revolving Loans.	  	 	29	  
	               2.4
	  	Funding of Revolving Loans.	  	 	29	  
	               2.5
	  	Continuations and Conversions.	  	 	30	  
	               2.6
	  	Minimum Amounts.	  	 	30	  
	               2.7
	  	Reductions of Revolving Committed Amount.	  	 	30	  
	               2.8
	  	Swingline Loans.	  	 	31	  
	               2.9
	  	Notes.	  	 	32	  
	               2.10
	  	Increases in Revolving Committed Amount.	  	 	32	  
	               2.11
	  	Extension of Revolver Maturity Date.	  	 	33	  
		
	 SECTION 3. PAYMENTS
	  	 	35	  
	               3.1
	  	Interest.	  	 	35	  
	               3.2
	  	Prepayments.	  	 	35	  
	               3.3
	  	Payment of Loans in full at Maturity.	  	 	36	  
	               3.4
	  	Fees.	  	 	36	  
	               3.5
	  	Place and Manner of Payments.	  	 	38	  
	               3.6
	  	Pro Rata Treatment.	  	 	38	  
	               3.7
	  	Computations of Interest and Fees.	  	 	39	  
	               3.8
	  	Sharing of Payments.	  	 	40	  
	               3.9
	  	Evidence of Debt.	  	 	40	  
		
	 SECTION 4. ADDITIONAL PROVISIONS
	  	 	41	  
	               4.1
	  	Eurodollar Loan Provisions.	  	 	41	  
	               4.2
	  	Capital Adequacy.	  	 	43	  
	               4.3
	  	Compensation.	  	 	43	  
	               4.4
	  	Taxes.	  	 	44	  
	               4.5
	  	Replacement of Lenders.	  	 	45	  
		
	 SECTION 5. CONDITIONS PRECEDENT
	  	 	46	  
	               5.1
	  	Closing Conditions.	  	 	46	  
	               5.2
	  	Conditions to Loans and Issuances of Letters of Credit.	  	 	48	  
		
	SECTION 6. REPRESENTATIONS AND WARRANTIES	  	 	49	  
	               6.1
	  	Organization and Good Standing.	  	 	49	  
	               6.2
	  	Due Authorization.	  	 	49	  
	               6.3
	  	No Conflicts.	  	 	49	  
	               6.4
	  	Consents.	  	 	50	  
	               6.5
	  	Enforceable Obligations.	  	 	50	  
	               6.6
	  	Financial Condition/Material Adverse Effect.	  	 	50	  

  
 i 

  

							
	               6.7
	  	Taxes.	  	 	50	  
	               6.8
	  	Compliance with Law.	  	 	50	  
	               6.9
	  	Use of Proceeds; Margin Stock.	  	 	50	  
	               6.10
	  	Government Regulation.	  	 	51	  
	               6.11
	  	Solvency.	  	 	51	  
	               6.12
	  	Environmental Matters.	  	 	51	  
	               6.13
	  	Subsidiaries.	  	 	51	  
	               6.14
	  	Litigation.	  	 	51	  
	               6.15
	  	Collateral.	  	 	51	  
	               6.16
	  	Material Contracts.	  	 	51	  
	               6.17
	  	Anti-Terrorism Laws.	  	 	52	  
	               6.18
	  	Compliance with OFAC Rules and Regulations.	  	 	52	  
	               6.19
	  	Compliance with FCPA.	  	 	52	  
		
	 SECTION 7. AFFIRMATIVE COVENANTS
	  	 	53	  
	               7.1
	  	Information Covenants.	  	 	53	  
	               7.2
	  	Preservation of Existence and Franchises.	  	 	55	  
	               7.3
	  	Books and Records.	  	 	55	  
	               7.4
	  	Compliance with Law.	  	 	55	  
	               7.5
	  	Payment of Taxes and Other Indebtedness.	  	 	55	  
	               7.6
	  	Maintenance of Property; Insurance.	  	 	55	  
	               7.7
	  	Use of Proceeds.	  	 	56	  
	               7.8
	  	Audits/Inspections.	  	 	56	  
	               7.9
	  	Maintenance of Ownership.	  	 	56	  
	               7.10
	  	Financial Covenants.	  	 	56	  
	               7.11
	  	Material Contracts.	  	 	56	  
	               7.12
	  	Additional Guarantors.	  	 	57	  
		
	 SECTION 8. NEGATIVE COVENANTS
	  	 	59	  
	               8.1
	  	Nature of Business.	  	 	59	  
	               8.2.
	  	Liens.	  	 	60	  
	               8.3
	  	Consolidation and Merger.	  	 	61	  
	               8.4
	  	Dispositions.	  	 	62	  
	               8.5
	  	Transactions with Affiliates.	  	 	62	  
	               8.6
	  	Indebtedness.	  	 	63	  
	               8.7
	  	Investments.	  	 	64	  
	               8.8
	  	Restricted Payments.	  	 	64	  
		
	 SECTION 9. EVENTS OF DEFAULT
	  	 	65	  
	               9.1
	  	Events of Default.	  	 	65	  
	               9.2
	  	Acceleration; Remedies.	  	 	68	  
	               9.3
	  	Allocation of Payments After Event of Default.	  	 	68	  
		
	 SECTION 10. AGENCY PROVISIONS
	  	 	69	  
	               10.1
	  	Appointment.	  	 	69	  
	               10.2
	  	Delegation of Duties.	  	 	70	  
	               10.3
	  	Exculpatory Provisions.	  	 	70	  
	               10.4
	  	Reliance on Communications.	  	 	70	  
	               10.5
	  	Notice of Default.	  	 	71	  
	               10.6
	  	Non-Reliance on Agent and Other Lenders.	  	 	71	  
	               10.7
	  	Indemnification.	  	 	71	  

  
 ii 

  

							
	               10.8
	  	Agent in Its Individual Capacity.	  	 	72	  
	               10.9
	  	Successor Agent.	  	 	72	  
		
	 SECTION 11. MISCELLANEOUS
	  	 	72	  
	               11.1
	  	Notices.	  	 	72	  
	               11.2
	  	Right of Set-Off.	  	 	73	  
	               11.3
	  	Benefit of Agreement.	  	 	73	  
	               11.4
	  	No Waiver; Remedies Cumulative.	  	 	75	  
	               11.5
	  	Payment of Expenses, etc.	  	 	75	  
	               11.6
	  	Amendments, Waivers and Consents.	  	 	76	  
	               11.7
	  	Counterparts/Telecopy.	  	 	77	  
	               11.8
	  	Headings.	  	 	77	  
	               11.9
	  	Defaulting Lender.	  	 	77	  
	               11.10
	  	Survival of Indemnification and Representations and Warranties.	  	 	77	  
	               11.11
	  	Governing Law; Venue.	  	 	77	  
	               11.12
	  	Waiver of Jury Trial; Waiver of Consequential Damages.	  	 	78	  
	               11.13
	  	Severability.	  	 	78	  
	               11.14
	  	Further Assurances.	  	 	78	  
	               11.15
	  	Entirety.	  	 	78	  
	               11.16
	  	Binding Effect; Continuing Agreement.	  	 	79	  
	               11.17
	  	Confidentiality; USA PATRIOT Act.	  	 	79	  
		
	 SECTION 12. GUARANTY
	  	 	80	  
	               12.1
	  	The Guaranty.	  	 	80	  
	               12.2
	  	Obligations Unconditional.	  	 	80	  
	               12.3
	  	Reinstatement.	  	 	81	  
	               12.4
	  	Certain Additional Waivers.	  	 	81	  
	               12.5
	  	Remedies.	  	 	82	  
	               12.6
	  	Rights of Contribution.	  	 	82	  
	               12.7
	  	Guarantee of Payment; Continuing Guarantee.	  	 	82	  

 SCHEDULES 

 

			
	 Schedule 1.1
	  	Commitment Percentages
	 Schedule 2.2
	  	Existing Letters of Credit
	 Schedule 6.13
	  	Subsidiaries
	 Schedule 8.5
	  	Affiliate Transactions
	 Schedule 11.1
	  	Notices
		
	 EXHIBITS
	  	
		
	 Exhibit 1.1
	  	Form of Rating Agency Designation
	 Exhibit 2.3
	  	Form of Notice of Borrowing
	 Exhibit 2.5
	  	Form of Notice of Continuation/Conversion
	 Exhibit 2.9(a)
	  	Form of Revolving Note
	 Exhibit 2.9(b)
	  	Form of Term Loan Note
	 Exhibit 2.9(c)
	  	Form of Swingline Loan Note
	 Exhibit 5.1
	  	Form of Account Designation Letter
	 Exhibit 7.1(d)
	  	Form of Officer’s Certificate
	 Exhibit 7.12
	  	Form of Joinder Agreement
	 Exhibit 11.3(b)
	  	Form of Assignment Agreement

  
 iii

  
 AMENDED AND RESTATED

 CREDIT AGREEMENT 
 THIS AMENDED AND RESTATED CREDIT AGREEMENT (this “Credit Agreement”), dated as of June 21, 2007, is entered into among DCP MIDSTREAM OPERATING, LP, a Delaware limited
partnership (the “Borrower”), DCP MIDSTREAM PARTNERS, LP, a Delaware limited partnership (the “Parent”) and all Subsidiaries of the Parent (collectively, the “Guarantors”), the Lenders (as
defined herein) and WACHOVIA BANK, NATIONAL ASSOCIATION, as administrative agent for the Lenders (in such capacity, the “Agent”). 
 RECITALS 
 WHEREAS, the Borrower, the Guarantors, certain lenders
and the Agent entered into that certain Credit Agreement dated as of December 7, 2005 (as amended or modified from time to time, the “Existing Credit Agreement”) whereby the Lenders made available to the Borrower a credit
facility in the aggregate initial amount of $400 million; 
 WHEREAS, the Borrower has requested that the Lenders
increase the amount of credit facility and modify certain terms of the credit facility as more fully set forth herein; and 

WHEREAS, the Lenders have agreed to provide the requested amended and restated credit facility to the Borrower on the terms, and
subject to the conditions, set forth herein. 
 NOW, THEREFORE, IN CONSIDERATION of the premises and other good and
valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows: 

SECTION 1. 

DEFINITIONS AND ACCOUNTING TERMS 
 1.1 Definitions. 
 As used herein, the following terms shall have the
meanings herein specified unless the context otherwise requires. Defined terms herein shall include in the singular number the plural and in the plural the singular: 

“Account Control Agreement” means Account Control Agreement-A2, Account Control Agreement-A3 and any
other account control agreement entered into with respect to Cash Collateral. 
 “Account Control
Agreement-A2” means an Account Control Agreement, in form and substance satisfactory to the Agent, to be dated no later than the Initial Draw Date with respect to the Term Loan A2, among the Borrower (as Debtor), Intermediary (as
Intermediary) and the Agent (as Bank) with respect to Cash Collateral-A2. 
 “Account Control
Agreement-A3” means an Account Control Agreement, in form and substance satisfactory to the Agent, to be dated no later than the Initial Draw Date with respect to the Term Loan A3, among the Borrower (as Debtor), Intermediary (as
Intermediary) and the Agent (as Bank) with respect to Cash Collateral-A3. 

  
 DCP
Midstream Operating, LP 
 Amended and Restated Credit Agreement 

  

  

“Account Designation Letter” means the Notice of Account Designation Letter dated the Closing Date from
the Borrower to the Agent in substantially the form attached hereto as Exhibit 5.1. 

“Acquisition” by any Person, means the acquisition by such Person, in a single transaction or in a series
of related transactions, of property or assets (other than capital expenditures or acquisitions of inventory or supplies in the ordinary course of business) of, or of a business unit or division of, another Person or at least a majority of the
securities having ordinary voting power for the election of directors, managing general partners or the equivalent of another Person, in each case whether or not involving a merger or consolidation with such other Person and whether for cash,
property, services, assumption of Indebtedness, securities or otherwise. 
 “Adjusted Base Rate”
means the Base Rate plus the Applicable Margin for Base Rate Loans. 
 “Adjusted Eurodollar
Rate” means the Eurodollar Rate plus the Applicable Margin for Eurodollar Loans. 
 “Adjusted
LIBOR Market Index Rate” means the LIBOR Market Index Rate plus the Applicable Margin for Eurodollar Loans. 
 “Affiliate” means, with respect to any Person, any other Person directly or indirectly controlling, controlled by or under direct or indirect common control with such Person. A Person
shall be deemed to control a corporation if such Person possesses, directly or indirectly, the power to direct or cause direction of the management and policies of such corporation, whether through the ownership of voting securities, by contract or
otherwise. 
 “Agency Services Address” means Wachovia Bank, National Association, as
Administrative Agent, 201 South College Street, CP-8, Charlotte, North Carolina 28288-0680, or such other address as may be identified by written notice from the Agent to the Borrower and the Lenders. 

“Agent” means Wachovia Bank, National Association and any successors and assigns in such capacity.

 “Applicable Margin” means, at any time: 

(a) with respect to Term Loans, (i) for Eurodollar Loans, .10% and (ii) for Base Rate Loans, 0%. 

(b) with respect to Loans (other than Term Loans) and applicable fees, if neither the Parent nor the Borrower has a Debt
Rating from S&P, Moody’s or Fitch, the rate per annum set forth below based on the Consolidated Leverage Ratio: 
  

																			
	 Pricing Level
	  	 Consolidated

Leverage Ratio
	  	Applicable
Margin for
Facility Fees	 	 	Applicable
Margin for
Utilization Fees	 	 	Applicable
Margin for
Margin
for
Eurodollar Loans	 	 	Applicable
Base Rate 
Loans	 
	 I
	  	< 3.00 to 1.0	  	 	.100	% 	 	 	.100	% 	 	 	.350	% 	 	 	0	% 
	 II
	  	 3 3.00 to 1.0 but

< 3.75 to 1.0
	  	 	.125	% 	 	 	.100	% 	 	 	.425	% 	 	 	0	% 
	 III
	  	 33.75 to 1.0 but

< 4.50 to 1.0
	  	 	.150	% 	 	 	.100	% 	 	 	.500	% 	 	 	0	% 
	 IV
	  	34.50 to 1.0	  	 	.175	% 	 	 	.100	% 	 	 	.575	% 	 	 	0	% 

  
 DCP
Midstream Operating, LP 
 Amended and Restated Credit Agreement 

  
 2 

  
 Any increase or
decrease in the Applicable Margin resulting from a change in the Consolidated Leverage Ratio shall become effective as of the first Business Day immediately following the date that the officer’s certificate is required to be delivered pursuant
to Section 7.1(d) evidencing calculation of the Consolidated Leverage Ratio; provided, however, that if such certificate is not delivered when due in accordance with such Section 7.1(d), then Pricing Level IV shall apply as
of the first Business Day after the date on which such certificate was required to have been delivered and shall continue to apply until the first Business Day immediately following the date a certificate is delivered in accordance with
Section 7.1(d), whereupon the Applicable Margin shall be adjusted based upon the calculation of the Consolidated Leverage Ratio contained in such certificate. The Applicable Margin in effect from the Effective Date through the first Business
Day immediately following the date a certificate is required to be delivered pursuant to Section 7.1(d) for the fiscal quarter ending June 30, 2007 shall be determined based upon Pricing Tier II. 

(c) with respect to Loans (other than Term Loans) and applicable fees, if the Parent or the Borrower has at least one Debt
Rating from S&P, Moody’s or Fitch, the rate per annum set forth in the table below opposite the Debt Rating of the Parent or the Borrower (as applicable): 
  

																	
	 Parent’s or Borrower’s

Debt Rating*
	  	Applicable
Margin for
Facility Fees	 	 	Applicable
Margin for
Utilization Fees	 	 	Applicable
Margin for
Eurodollar Loans	 	 	Applicable
Margin for
Base Rate Loans	 
	 >BBB+/Baal/BBB+
	  	 	.070	% 	 	 	.050	% 	 	 	.230	% 	 	 	0	% 
	 BBB/Baa2/BBB
	  	 	.090	% 	 	 	.050	% 	 	 	.310	% 	 	 	0	% 
	 BBB-/Baa3/BBB-
	  	 	.110	% 	 	 	.100	% 	 	 	.440	% 	 	 	0	% 
	 £BB+/Ba1/BB+
	  	 	.125	% 	 	 	.100	% 	 	 	.575	% 	 	 	0	% 

  

	*	If any Designated Rating Agency is other than S&P, Moody’s and Fitch, then the equivalent Debt Rating given by such rating agency shall be used. If there is
only one Designated Rating Agency it must be either S&P, Moody’s or Fitch. 

 The
Applicable Margin shall, in each case, be determined and adjusted on the date on which there is a change in the Parent’s or Borrower’s (as applicable) Debt Rating and shall be effective until a future change in such Debt Rating.

 Notwithstanding the above, if at any time neither the Parent nor the Borrower is rated by S&P,
Moody’s or Fitch, the pricing grid above based on the Consolidated Leverage Ratio shall apply. 
 In the
event that there are two Debt Ratings by the Designated Rating Agencies and there is a split in Debt Ratings, the higher Debt Rating (i.e. the lower pricing) will apply unless there is more than one level between the Debt Ratings and then one level
below the higher rating will apply. In the event there are three ratings by the Designated Rating Agencies and there is a split in Debt Ratings, (i) if two of the three Debt Ratings are the same, then such Debt Rating will apply and
(ii) if none of the Debt Ratings are the same, the middle Debt Rating will apply. 

  
 DCP
Midstream Operating, LP 
 Amended and Restated Credit Agreement 

  
 3 

  
 (d) Any
adjustment in the Applicable Margin shall be applicable to all existing Eurodollar Loans and Letters of Credit as well as any new Eurodollar Loans made or Letters of Credit issued. 

(e) The Borrower shall promptly deliver to the Agent, at the address set forth on Schedule 11.1 and at the Agency
Services Address, information regarding any change in the Consolidated Leverage Ratio or the Parent’s or Borrower’s Debt Rating that would change the existing Pricing Level pursuant to clause (a) or (b) above. 

(f) In the event that any financial statement or certification delivered pursuant to Section 7.1 is shown to be
inaccurate (regardless of whether this Credit Agreement or the commitments hereunder are in effect when such inaccuracy is discovered), and such inaccuracy, if corrected, would have led to the application of a higher Applicable Margin for any period
(an “Applicable Period”) than the Applicable Margin applied for such Applicable Period, then the Borrower shall immediately (i) deliver to the Agent a corrected compliance certificate for such Applicable Period,
(ii) determine the Applicable Margin for such Applicable Period based upon the corrected compliance certificate, and (iii) immediately pay to the Agent the accrued additional interest owing as a result of such increased Applicable Margin
for such Applicable Period, which payment shall be promptly applied by the Agent in accordance with Section 9.3. In the event any such inaccuracy, if corrected, would have led to the application of a lower Applicable Margin for any period than
the Applicable Margin applied for such period, then (1) Borrower may deliver to the Agent a correct certificate for such period, (2) the Applicable Margin shall be redetermined for such period based on the appropriate pricing level for
such period and (3) Borrower shall receive a credit for any interest actually paid for such period in excess of the amount so redetermined to be applied against future interest payments as and when they become due, but in no event shall any
Lender be required to refund any such amount to Borrower. It is acknowledged and agreed that nothing contained herein shall limit the rights of the Agent and the Lenders under the Credit Documents, including their rights under Sections 3.1(b), 9.1
and 9.2 and other of their respective rights under this Credit Agreement. 
 “Approved Officer”
means the president, a vice president, the treasurer or the assistant treasurer of the applicable Credit Party or such other authorized representative of such Credit Party as may be designated by any one of the foregoing. 

“Assignment Agreement” means an Assignment Agreement executed and delivered pursuant to
Section 11.3(b). 
 “Available Cash” has the meaning ascribed to such term in the First
Amended and Restated Agreement of Limited Partnership of the Parent as in effect on the Effective Date, with such amendments thereto as agreed to by the Required Lenders. 

“Bankruptcy Code” means the Bankruptcy Code in Title 11 of the United States Code, as amended,
modified, succeeded or replaced from time to time. 
 “Base Rate” means, for any day, the rate
per annum equal to the greater of (a) the Federal Funds Rate in effect on such day plus 1/2 of 1% or (b) the Prime Rate in effect on such day. Any change in the Base Rate due to a change in the Prime Rate or the Federal Funds Rate shall be
effective on the effective date of such change in the Prime Rate or the Federal Funds Rate, respectively. 

  
 DCP
Midstream Operating, LP 
 Amended and Restated Credit Agreement 

  
 4 

  

“Base Rate Loan” means a Loan (other than a Swingline Loan) which bears interest based on the Base Rate.

 “Borrower” means DCP Midstream Operating, LP a Delaware limited partnership. 

“Bridge Facility” means that certain Bridge Credit Agreement, dated as of May 9, 2007, by and among
the Borrower, the Parent, certain subsidiaries of the Parent party thereto, the lenders party thereto and Wachovia Bank, National Association as administrative agent. 

“Business Day” means any day other than a Saturday, a Sunday, a legal holiday or a day on which banking
institutions are authorized or required by law or other governmental action to close in New York, New York or Charlotte, North Carolina; provided, that in the case of Eurodollar Loans, such day is also a day on which dealings between banks
are carried on in U.S. dollar deposits in the London interbank market. 
 “Businesses” has the
meaning set forth in Section 6.12. 
 “Capital Lease” means, as applied to any Person, any
lease of any Property (whether real, personal or mixed) by that Person as lessee that, in accordance with GAAP, is required to be accounted for as a capital lease on the balance sheet of that Person. 

“Capital Stock” means (a) in the case of a corporation, all classes of capital stock of such
corporation, (b) in the case of a partnership, partnership interests (whether general or limited), (c) in the case of a limited liability company, membership interests and (d) any other interest or participation that confers on a
Person the right to receive a share of the profits and losses of, or distributions of assets of, the issuing Person. 
 “Cash Collateral” means collectively, all assets and property maintained in Cash Collateral-A2 Account, Cash Collateral-A3 Account and all other Cash Collateral Accounts. 

“Cash Collateral-A2” means all assets and property maintained in the Cash Collateral-A2 Account.

 “Cash Collateral-A3” means all assets and property maintained in the Cash Collateral-A3
Account. 
 “Cash Collateral-A2 Account” means the account of the Borrower numbered 291155400
with the Intermediary. 
 “Cash Collateral-A3 Account” means the account of the Borrower
numbered 001050970640 with the Intermediary. 
 “Cash Collateral Accounts” means Cash
Collateral-A2 Account, Cash Collateral-A3 Account and any other cash collateral account formed in connection with the securing of Loans made hereunder. 

  
 DCP
Midstream Operating, LP 
 Amended and Restated Credit Agreement 

  
 5 

  

“Cash Equivalents” means, as at any date, (a) securities guaranteed or insured by the United States
or any agency or instrumentality thereof (provided that the full faith and credit of the United States is pledged in support thereof) having maturities of not more than twelve months from the date of acquisition, (b) Dollar denominated time
deposits and certificates of deposit of (i) any Lender, (ii) any domestic commercial bank of recognized standing having capital and surplus in excess of $500,000,000 or (iii) any bank whose short-term commercial paper rating from
S&P is at least A-1 or the equivalent thereof or from Moody’s is at least P-1 or the equivalent thereof (any such bank being an “Approved Bank”), in each case with maturities of not more than 270 days from the date of acquisition,
(c) commercial paper and variable or fixed rate notes issued by any Approved Bank (or by the parent company thereof) or any variable rate notes issued by, or guaranteed by, any domestic corporation rated A-1 (or the equivalent thereof) or
better by S&P or P-1 (or the equivalent thereof) or better by Moody’s and maturing within six months of the date of acquisition, (d) repurchase agreements entered into by any Person with a bank or trust company (including any of the
Lenders) or recognized securities dealer having capital and surplus in excess of $500,000,000 for direct obligations issued by or fully guaranteed by the United States in which such Person shall have a perfected first priority security interest
(subject to no other Liens) and having, on the date of purchase thereof, a fair market value of at least 100% of the amount of the repurchase obligations and (e) Investments, classified in accordance with GAAP as current assets, in money market
investment programs registered under the Investment Company Act of 1940 which are administered by reputable financial institutions having capital of at least $500,000,000 or having portfolio assets of at least $5,000,000,000 and the portfolios of
which are limited to Investments of the character described in the foregoing subdivisions (a) through (d). 

“Change of Control” means as of any date, the failure of (a) the Parent to own, directly or
indirectly, 100% of the equity of the Borrower or (b) DCP Midstream LLC to own, directly or indirectly, a majority of the voting equity of the general partner of the Parent. 

“Closing Date” means the date hereof. 

“Code” means the Internal Revenue Code of 1986, as amended from time to time. 

“Co-lead Arrangers” means Wachovia Capital Markets, LLC and SunTrust Capital Markets, Inc. 

“Collateral Documents” means (i) the Account Control Agreement-A2, the Account Control Agreement-A3,
each other Account Control Agreement and (ii) each other document executed and delivered in connection with the granting, attachment and perfection of the Agent’s security interest in the Cash Collateral, including, without limitation,
Uniform Commercial Code financing statements. 
 “Commercial Operation Date” means the date on
which a Qualified Project is substantially complete and commercially operable. 
 “Commitment”
means, as to each Lender, the commitment of such Lender with respect to the Revolving Committed Amount and the commitment of such Lender with respect to the Term Loans and “Commitments” means, collectively, all such commitments of
the Lenders. 
 “Commitment Percentage” means, for each Lender, the percentage identified as its
Commitment Percentage with respect to Revolving Loans or different types of Term Loans opposite such Lender’s name on Schedule 1.1, as such percentage may be modified by assignment or by an increase in Commitments in accordance with
Section 2.10. 

  
 DCP
Midstream Operating, LP 
 Amended and Restated Credit Agreement 

  
 6 

  

“Conflicts Committee” has the meaning ascribed thereto in the Second Amended and Restated Agreement of
Limited Partnership of the Parent, as amended or restated from time to time. 
 “Consolidated
EBITDA” means, for any period, an amount equal to (a) Consolidated Net Income for such period plus (b) to the extent deducted in determining Consolidated Net Income for such period, the aggregate amount of (i) taxes
based on or measured by income, (ii) Consolidated Interest Expense and (iii) depreciation and amortization expense plus (c) the amount of cash dividends actually received during such period by the Parent and its Subsidiaries on
a consolidated basis from unconsolidated subsidiaries of the Parent or other Persons minus (d) to the extent included in determining Consolidated Net Income for such period, equity in earnings from unconsolidated subsidiaries of the
Parent. Furthermore, for purposes of the foregoing clauses (a) and (b), Consolidated Net Income and consolidated expenses shall be adjusted with respect to net income and expenses of non-wholly-owned consolidated subsidiaries to reflect only
the Credit Parties’ pro rata ownership interest therein. 
 “Consolidated Indebtedness”
means, without duplication, (a) all Indebtedness of the Parent and its Subsidiaries on a consolidated basis (excluding the face amount of Hybrid Securities outstanding at such date) minus (b) the principal amount of Cash Collateral
then held by the Intermediary. For purposes of the foregoing, Indebtedness of a non-wholly owned Subsidiary shall be included in the calculation of Consolidated Indebtedness only to the extent of the Credit Parties’ proportional interest
therein, unless such Indebtedness is recourse to the Credit Parties (in which case, the full amount of such Indebtedness that is recourse to the Credit Parties shall be included in the calculation of Consolidated Indebtedness). 

“Consolidated Interest Coverage Ratio” means, as of the last day of each fiscal quarter of the Parent,
the ratio of (a) Consolidated EBITDA for the period of four consecutive fiscal quarters ending on such day to (b) Consolidated Interest Expense for the period of four consecutive fiscal quarters ending on such day. 

“Consolidated Interest Expense” means interest expense as would appear on a consolidated statement of
income of the Parent and its Subsidiaries prepared in accordance with GAAP; provided, that Consolidated Interest Expense associated with the Term Loans for any period shall be reduced by any interest income earned on the Cash Collateral
during such period. For purposes of the foregoing, interest expense of a non-wholly owned Subsidiary shall be included in the calculation of Consolidated Interest Expense only to the extent of the Credit Parties’ proportional interest therein,
unless the Indebtedness giving rise to such interest expense is recourse to the Credit Parties. 

“Consolidated Leverage Ratio” means, as of the last day of each fiscal quarter of the Parent, the ratio
of (a) Consolidated Indebtedness (excluding letters of credit that do not support Indebtedness) on such day to (b) Consolidated EBITDA for the period of four consecutive fiscal quarters ending on such day. 

“Consolidated Net Income” means, for any period, the net income of the Parent and its Subsidiaries for
such period determined on a consolidated basis in accordance with GAAP; provided, that Consolidated Net Income shall not include (i) extraordinary gains or extraordinary losses, (ii) net gains and losses in respect of disposition of
assets other than in the ordinary course of business, (iii) gains or losses attributable to write-ups or write-downs of assets including hedging and derivative activities in the ordinary course of business and (iv) the cumulative effect of
a change in accounting principles, all as reported in the Parent’s consolidated statement(s) of income for the relevant period(s) prepared in accordance with GAAP. 

  
 DCP
Midstream Operating, LP 
 Amended and Restated Credit Agreement 

  
 7 

  

“Consolidated Net Tangible Assets” means, at any date of determination, the total amount of consolidated
assets of the Parent and its Subsidiaries after deducting therefrom the value (net of any applicable reserves) of all goodwill, trade names, trademarks, patents and other like intangible assets, all as set forth, or on a pro forma basis would be set
forth, on the consolidated balance sheet of the Parent and its Subsidiaries for the most recently completed fiscal quarter, in accordance with GAAP. 
 “Credit Documents” means this Credit Agreement, the Notes, the LOC Documents, the Collateral Documents, any Notice of Borrowing, any Notice of Continuation/Conversion and all other
related agreements and documents issued or delivered hereunder or thereunder or pursuant hereto or thereto. 

“Credit Exposure” means, as applied to each Lender (a) at any time prior to the termination of the
Commitments, the sum of (i) the Commitment Percentage of such Lender with respect to Revolving Loans multiplied by the Revolving Committed Amount plus (ii) the principal balance of outstanding Term Loans of such Lender plus (iii) the
aggregate available amount of undrawn Commitments of such Lender with respect to the Term Loans and (b) at any time after the termination of the Commitments, the sum of (i) the principal balance of the outstanding Loans of such Lender plus
(ii) such Lender’s Participation Interest in the face amount of outstanding Letters of Credit and Swingline Loans. 
 “Credit Facility Swap Contract” means any interest rate Swap Contract entered into by a Credit Party with a Lender or an Affiliate of a Lender with respect to the Obligations. 

“Credit Parties” means the Borrower and the Guarantors. 

“Debt Rating” means, the long-term senior unsecured, non-credit enhanced debt rating of the Parent or the
Borrower, as applicable, by the Designated Rating Agencies. For all purposes of this Agreement, in the event that both the Parent and the Borrower are rated by one or more Designated Rating Agencies, the term “Debt Rating” shall mean the
Debt Rating of the Parent. 
 “Default” means any event, act or condition which with notice or
lapse of time, or both, would constitute an Event of Default. 
 “Defaulting Lender” means, at
any time, any Lender that, at such time (a) has failed to make a Loan required pursuant to the term of this Credit Agreement, (b) has failed to pay to the Agent or any Lender an amount owed by such Lender pursuant to the terms of this
Credit Agreement or (c) has been deemed insolvent by a court of competent jurisdiction or has become subject to a bankruptcy or insolvency proceeding or to a receiver, trustee or similar official. 

“Designated Rating Agencies” shall mean up to any three of S&P, Moody’s, Fitch or any other
rating agency selected by the Parent which is recognized by the Securities and Exchange Commission and identified by the Parent from time to time in a Rating Agency Designation and “Designated Rating Agency” shall mean any one of
the foregoing. Until such time as the Parent shall have delivered a Rating Agency Designation to the Agent, the Designated Rating Agencies shall be S&P, Moody’s and Fitch. 

  
 DCP
Midstream Operating, LP 
 Amended and Restated Credit Agreement 

  
 8 

  

“Disposition” or “Dispose” means the sale, transfer, license, lease or other disposition
(including any Sale and Leaseback Transaction) of any Property by a Credit Party (including the Equity Interests of any Subsidiary), including any sale, assignment, transfer or other disposal, with or without recourse, of any notes or accounts
receivable or any rights and claims associated therewith. 
 “Dollars” and “$”
means dollars in lawful currency of the United States of America. 
 “Effective Date” means the
date on which the conditions set forth in Section 5.1 shall have been fulfilled (or waived in the sole discretion of the Lenders). 
 “Eligible Assignee” means (a) any Lender approved by the Borrower, the Agent and the Issuing Lenders, (b) any existing Lender or an Affiliate of an existing Lender and
(c) any other Person approved by the Borrower, the Issuing Lenders and the Agent (in each case, which approval by the Borrower, the Issuing Lenders and the Agent shall not be unreasonably withheld or delayed); provided, that (A) the
Borrower’s consent is not required during the existence and continuation of an Event of Default and (B) neither the Borrower nor an Affiliate of the Borrower shall qualify as an Eligible Assignee. 

“Environmental Laws” means any legal requirement of any Governmental Authority pertaining to (a) the
protection of health, safety, and the indoor or outdoor environment, (b) the conservation, management, or use of natural resources and wildlife, (c) the protection or use of surface water and groundwater or (d) the management,
manufacture, possession, presence, use, generation, transportation, treatment, storage, disposal, release, threatened release, abatement, removal, remediation or handling of, or exposure to, any hazardous or toxic substance or material or
(e) pollution (including any release to land surface water and groundwater) and includes, without limitation, the Comprehensive Environmental Response, Compensation, and Liability Act of 1980, as amended by the Superfund Amendments and
Reauthorization Act of 1986, 42 USC 9601 et seq., Solid Waste Disposal Act, as amended by the Resource Conservation and Recovery Act of 1976 and Hazardous and Solid Waste Amendment of 1984, 42 USC 6901 et seq., Federal Water
Pollution Control Act, as amended by the Clean Water Act of 1977, 33 USC 1251 et seq., Clean Air Act, as amended, 42 USC 7401 et seq., Toxic Substances Control Act of 1976, 15 USC 2601 et seq., Hazardous Materials
Transportation Act, 49 USC App. 1801 et seq., Occupational Safety and Health Act of 1970, as amended, 29 USC 651 et seq., Oil Pollution Act of 1990, 33 USC 2701 et seq., Emergency Planning and Community Right-to-Know
Act of 1986, 42 USC 11001 et seq., National Environmental Policy Act of 1969, 42 USC 4321 et seq., Safe Drinking Water Act of 1974, as amended, 42 USC 300(f) et seq., any analogous implementing or successor law, and any
amendment, rule, regulation, order, or directive issued thereunder. 
 “ERISA” means the
Employee Retirement Income Security Act of 1974, as amended, and any successor statute thereto, as interpreted by the rules and regulations thereunder, all as the same may be in effect from time to time. References to sections of ERISA shall be
construed also to refer to any successor sections. 
 “ERISA Affiliate” means an entity, whether
or not incorporated, which is under common control with the Parent or any of its Subsidiaries within the meaning of Section 4001(a)(14) of ERISA, or is a member of a group which includes the Parent or any of its Subsidiaries and which is
treated as a single employer under Sections 414(b), (c), (m), or (o) of the Code. 

  
 DCP
Midstream Operating, LP 
 Amended and Restated Credit Agreement 

  
 9 

  

“Eurodollar Loan” means a Loan bearing interest at the Adjusted Eurodollar Rate. 

“Eurodollar Rate” means with respect to any Eurodollar Loan, for the Interest Period applicable thereto,
a rate per annum equal to the London Interbank Offered Rate. 
 “Eurodollar Reserve Percentage”
means, for any day, that percentage (expressed as a decimal) which is in effect from time to time under Regulation D as the maximum reserve requirement (including, without limitation, any basic, supplemental, emergency, special, or marginal
reserves) applicable with respect to Eurocurrency liabilities, as that term is defined in Regulation D (or against any other category of liabilities that includes deposits by reference to which the interest rate of Eurodollar Loans is
determined). 
 “Event of Default” has the meaning specified in Section 9.1. 

“Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations
promulgated thereunder, as amended, modified, succeeded or replaced from time to time. 
 “Existing
Credit Agreement” has the meaning set forth in the Recitals hereto. 
 “Existing Letters of
Credit” shall mean each of the letters of credit described by date of issuance, amount, LC # and the date of expiry on Schedule 2.2 hereto. 
 “Extension of Credit” means, as to any Lender, the making of a Loan by such Lender (or a participation therein by a Lender) or the issuance of, or participation in, a Letter of Credit by
such Lender. 
 “Facility Fee” has the meaning specified in Section 3.4(a). 

“Fee Letter” means that certain letter agreement, dated as of May 29, 2007, among the Agent,
Wachovia Capital Markets, LLC and the Borrower, as amended, modified, supplemented or replaced from time to time. 
 “Federal Funds Rate” means for any day the rate per annum (rounded upward to the nearest 1/100th of 1%) equal to the weighted average of the rates on overnight Federal funds transactions
with members of the Federal Reserve System arranged by Federal funds brokers on such day, as published by the Federal Reserve Bank of New York on the Business Day next succeeding such day; provided, that (a) if such day is not a Business
Day, the Federal Funds Rate for such day shall be such rate on such transactions on the next preceding Business Day and (b) if no such rate is so published on such next succeeding Business Day, the Federal Funds Rate for such day shall be the
average rate quoted to the Agent on such day on such transactions as determined by the Agent. 

“Fitch” means Fitch, Inc., or any successor or assignee of the business of such company in the business
of rating securities. 
 “GAAP” means generally accepted accounting principles in the United
States applied on a consistent basis and subject to Section 1.3. 
 “Government Acts” has
the meaning specified in Section 2.2(k). 

  
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Midstream Operating, LP 
 Amended and Restated Credit Agreement 

  
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“Governmental Authority” means any Federal, state, local or foreign court, monetary authority or
governmental agency, authority, instrumentality or regulatory body. 
 “Guarantor” means
(a) the Parent, (b) each Subsidiary of the Parent in existence as of the Effective Date (other than the Borrower) and (c) any Person which becomes a “Guarantor” pursuant to Section 7.12 hereof, in each case, together
with their successors and permitted assigns. 
 “Hybrid Securities” means any trust preferred
securities, or deferrable interest subordinated debt with a maturity of at least 20 years, which provides for the optional or mandatory deferral of interest or distributions, issued by the Parent or the Borrower. 

“Indebtedness” of any Person means, without duplication, (a) all obligations of such Person for
borrowed money, (b) all obligations of such Person for the deferred purchase price of property or services purchased, (c) all obligations of such Person created or arising under any conditional sale or other title retention agreement with
respect to the property acquired, (d) all obligations of such Person under lease obligations which shall have been, or should be, in accordance with GAAP, recorded as capital leases in respect of which such Person is liable as lessee,
(e) the face amount of all letter of credit indebtedness available to be drawn (other than letter of credit obligations relating to indebtedness included in Indebtedness pursuant to another clause of this definition) and, without duplication,
the unreimbursed amount of all drafts drawn thereunder, (f) obligations of others secured by a Lien on property or assets of such Person, whether or not assumed (but in any event not exceeding the fair market value of the property or asset),
(g) all guarantees of Indebtedness referred to in clauses (a) through (f) above, (h) all amounts payable by such Person in connection with mandatory redemptions or repurchases of preferred stock, (i) any obligations of such
Person (in the nature of principal or interest) in respect of acceptances or similar obligations issued or created for the account of such Person, (j) all Off Balance Sheet Indebtedness of such Person and (k) obligations (contingent or
otherwise) existing or arising under any interest rate Swap Contract, to the extent such obligations are classified as “indebtedness” for purposes of GAAP. 

“Initial Draw Date” means, with respect to any Term Loan, the date of the initial drawing under such Term
Loan. 
 “Interest Payment Date” means (a) as to Base Rate Loans and Swingline Loans, the
first day of each calendar quarter of the Borrower and the Maturity Date, (b) as to Eurodollar Loans, the last day of each applicable Interest Period and the Maturity Date and, in addition, where the applicable Interest Period for a Eurodollar
Loan is greater than three months, then also on the last day of each three-month period during such Interest Period and (c) as to LIBOR Market Index Rate Loans, the first day of each calendar quarter of the Borrower, the maturity date for such
LIBOR Market Index Rate Loan and the Maturity Date. If an Interest Payment Date falls on a date which is not a Business Day, such Interest Payment Date shall be deemed to be the next succeeding Business Day, except that in the case of Eurodollar
Loans where the next succeeding Business Day falls in the next succeeding calendar month, then on the next preceding Business Day. 
 “Interest Period” means, with respect to Eurodollar Loans, a period of one, two, three or six months’ duration, as the Borrower may elect, commencing, in each case, on the date of
the borrowing (including continuations and conversions of Eurodollar Loans); provided, however, (a) if any Interest Period would end on a day which is not a Business Day, such Interest Period shall be extended to the next succeeding Business
Day (except that where the next succeeding Business Day falls in the next succeeding calendar month, then on the next preceding Business Day), (b) no Interest Period shall extend beyond the Maturity Date and (c) where an Interest Period
begins on a day for which there is no numerically corresponding day in the calendar month in which the Interest Period is to end, such Interest Period shall end on the last Business Day of such calendar month. 

  
 DCP
Midstream Operating, LP 
 Amended and Restated Credit Agreement 

  
 11 

  

“Intermediary” means US Bank, National Association, as Intermediary under the Account Control Agreements
or such other financial institution reasonably acceptable to the Agent. 
 “Investment” means,
as to any Person, any direct or indirect acquisition or investment by such Person, whether by means of (a) the purchase or other acquisition of the Capital Stock of another Person, (b) an Acquisition or (c) a loan, advance or capital
contribution to, guarantee or assumption of debt of, or purchase or other acquisition of any other debt or equity participation or interest in, another Person, including any partnership or joint venture interest in such other Person and any
arrangement pursuant to which the investor guarantees Indebtedness of such other Person. 
 “Investment
Grade Rating” means BBB- or better from S&P, Baa3 or better from Moody’s or BBB- or better from Fitch. 
 “Investment Grade Rating Date” means the date on which the Parent or Borrower first achieves an Investment Grade Rating. 

“Issuing Lender” means, with respect to (i) Existing Letters of Credit, Wachovia Bank, National
Association and (ii) Letters of Credit issued after the Closing Date, Wachovia Bank, National Association or any other Lender as requested by the Borrower and agreed to by such Lender. 

“Issuing Lender Fees” has the meaning set forth in Section 3.4(b)(ii). 

“Letter of Credit” means (a) a Letter of Credit issued for the account of the Borrower or one of its
Subsidiaries by an Issuing Lender pursuant to Section 2.2 or (b) any Existing Letter of Credit, in each case as such Letter of Credit may be amended, modified, extended, renewed or replaced. 

“Letter of Credit Fees” shall have the meaning assigned to such term in Section 3.4(b)(i).

 “Lender” means any Person identified as a Lender on the signature pages hereto and any
Eligible Assignee which may become a Lender by way of assignment in accordance with the terms hereof, together with their successors or permitted assigns. 
 “LIBOR Market Index Rate” means, for any day, the 30-day rate of interest per annum appearing on Reuters Screen LIBOR01 Page (or any successor page) as the London interbank offered rate
for deposits in Dollars at approximately 11:00 A.M. (London time) on such day, or if such day is not a London business day, then the immediately preceding London business day (or if not so reported, then as determined by the Agent from another
recognized source or interbank quotation), or another rate as agreed to by the Agent and the Borrower. 

“LIBOR Market Index Rate Loan” means a Loan bearing interest at the Adjusted LIBOR Market Index Rate.

  
 DCP
Midstream Operating, LP 
 Amended and Restated Credit Agreement 

  
 12 

  

“Lien” means any mortgage, pledge, hypothecation, assignment, deposit arrangement, security interest,
encumbrance, lien (statutory or otherwise), preference, priority or charge of any kind (including any agreement to give any of the foregoing, any conditional sale or other title retention agreement, any financing or similar statement or notice filed
under the Uniform Commercial Code as adopted and in effect in the relevant jurisdiction or other similar recording or notice statute, and any lease in the nature thereof). 

“Loans” means the Revolving Loans, the Swingline Loans and the Term Loans. 

“LOC Documents” means, with respect to any Letter of Credit, such Letter of Credit, any amendments
thereto, any documents delivered in connection therewith, any application therefor, and any agreements, instruments, guarantees or other documents (whether general in application or applicable only to such Letter of Credit) governing or providing
for (a) the rights and obligations of the parties concerned or at risk or (b) any collateral security for such obligations. 
 “LOC Obligations” means, at any time, the sum of (a) the maximum amount which is then available to be drawn under Letters of Credit then outstanding, assuming compliance with all
requirements for drawings referred to in such Letters of Credit plus (b) the aggregate amount of all drawings under Letters of Credit honored by an Issuing Lender but not theretofore reimbursed. 

“London Interbank Offered Rate” means, with respect to any Eurodollar Loan for the Interest Period
applicable thereto, the rate of interest per annum appearing on Reuters Screen LIBOR01 Page (or any successor page) as the London interbank offered rate for deposits in Dollars at approximately 11:00 A.M. (London time) two Business Days prior
to the first day of such Interest Period for a term comparable to such Interest Period. If, for any reason, such rate is not available, the term “London Interbank Offered Rate” shall mean, with respect to any Eurodollar Loan for the
Interest Period applicable thereto, the rate of interest per annum appearing on such other service as may be nominated by the British Bankers’ Association as the London interbank offered rate for deposits in Dollars at approximately
11:00 A.M. (London time) two Business Days prior to the first day of such Interest Period for a term comparable to such Interest Period; provided, however, if more than one rate is specified, the applicable rate shall be the arithmetic
mean of all such rates. 
 “Mandatory Borrowing” has the meaning specified in
Section 2.2(e). 
 “Material Adverse Effect” means a material adverse effect on the
business, financial positions or results of operations of the Parent and its Subsidiaries taken as a whole. 

“Maturity Date” shall mean the Revolver Maturity Date and/or the Term Loan Maturity Date, as applicable.

 “Moody’s” means Moody’s Investors Service, Inc., or any successor or assignee of
the business of such company in the business of rating securities. 
 “Multiemployer Plan” means
a Plan covered by Title IV of ERISA which is a multiemployer plan as defined in Section 3(37) or 4001(a)(3) of ERISA. 
 “Multiple Employer Plan” means a Plan covered by Title IV of ERISA, other than a Multiemployer Plan, which the Parent or any ERISA Affiliate and at least one employer other than the
Parent or any ERISA Affiliate are contributing sponsors. 

  
 DCP
Midstream Operating, LP 
 Amended and Restated Credit Agreement 

  
 13 

  

“Non-Excluded Taxes” has the meaning specified in Section 4.4(a). 

“Non-Extending Lender” has the meaning specified in Section 2.11. 

“Notes” means the Revolving Notes, the Term Loan Notes and the Swingline Loan Notes, if any. 

“Notice of Borrowing” means a request by the Borrower for a Loan in the form of Exhibit 2.3.

 “Notice of Continuation/Conversion” means a request by the Borrower for the continuation or
conversion of a Loan in the form of Exhibit 2.5. 
 “Obligations” means, without
duplication, all of the obligations of the Credit Parties to the Lenders and the Agent, whenever arising, under this Credit Agreement, the Notes, the LOC Documents, the Collateral Documents, Credit Facility Swap Contracts, Treasury Management
Agreements or any of the other Credit Documents. 
 “Off Balance Sheet Indebtedness” means any
obligation of a Person that would be considered indebtedness for tax purposes but is not set forth on the balance sheet of such Person, including, but not limited to, (a) any synthetic lease, tax retention operating lease, off balance sheet
loan or similar off-balance sheet financing product of such Person, (b) the aggregate amount of uncollected accounts receivables of such Person subject at such time to a sale of receivables (or similar transaction) and (c) obligations of
any partnership or joint venture that is recourse to such Person. 
 “Parent” means DCP
Midstream Partners, LP, a Delaware limited partnership. 
 “Participation Interest” means the
Extension of Credit by a Lender by way of a purchase or deemed purchase of a participation in Letters of Credit or LOC Obligations as provided in Section 2.2 or in any Swingline Loans as provided in Section 2.8 or in any Loans as provided
in Section 3.8. 
 “Payment Date” has the meaning set forth in Section 2.2(d).

 “PBGC” means the Pension Benefit Guaranty Corporation established pursuant to Subtitle A
of Title IV of ERISA and any successor thereto. 
 “Permitted Acquisitions” means any
Acquisition by any Credit Party, so long as (a) no Default or Event of Default is in existence or would be created thereby, (b) the Person or assets being acquired by such Credit Party are in the midstream energy business, (c) such
Acquisition has been approved by the Board of Directors or similar governing body of the target of such Acquisition (if required or applicable) and (d) immediately after giving effect to such acquisition, the Borrower is in compliance with
Section 7.10 on a pro forma basis. 

  
 DCP
Midstream Operating, LP 
 Amended and Restated Credit Agreement 

  
 14 

  

“Permitted Cash Collateral” means each of the following instruments and securities to the extent having
maturities (for purposes of this definition, “maturities” shall mean (i) weighted average life for asset-backed securities, mortgage-backed securities, commercial mortgage-backed securities and collateralized mortgage obligations, and
the next reset date for auction rate securities and (ii) with respect to mutual funds, the weighted average maturity of the investments it owns) not greater than six months from the date of acquisition thereof: 

(a) cash, 
 (b) investments in money market mutual funds that are registered with the SEC and subject to Rule 2a-7 of the Investment Company Act of 1940 and have a net asset value of 1.0, 

(c) U.S. Treasury Notes, 
 (d) direct obligations of the United States (including obligations of agencies and sponsored enterprises of the United States) and other obligations whose principal and interest is fully guaranteed by the
United States, 
 (e) money market instruments (including, but not limited to, commercial paper, banker’s
acceptances, time deposits and certificates of deposits) rated A-1 by S&P or P-1 by Moody’s at the time of purchase, 
 (f) obligations of corporations or other business entities (including, bonds, notes and other structured obligations) rated AAA by S&P, Aaa by Moody’s or AAA by Fitch at the time of purchase,

 (g) asset-backed securities rated AAA by S&P, Aaa by Moody’s or AAA by Fitch at the time of purchase,

 (h) mortgage-backed securities, commercial mortgage-backed securities and collateralized mortgage obligations
rated AAA by S&P, Aaa by Moody’s or AAA by Fitch at the time of purchase, 
 (i) repurchase obligations
that are collateralized no less than 102% of market value (including accrued interest) by obligations of the U.S. government or one of its sponsored enterprises or agencies, 

(j) municipal obligations issued by any state of the United States of America or any municipality or other political
subdivision of any such state rated AAA by S&P, Aaa by Moody’s or AAA by Fitch at the time of purchase, 

(k) 7, 28 or 35 day auction rate securities rated AAA by S&P, Aaa by Moody’s or AAA by Fitch at the time of
purchase and 
 (l) shares in bond mutual funds that are registered under the Investment Company Act of 1940 that
invest solely in the items set forth in (a)-(k) above and rated AAA by S&P, Aaa by Moody’s or AAA by Fitch at the time of purchase, 
 in each case above which is held in the applicable Cash Collateral Account and is subject to the Account Control Agreement and in which the Agent has, on behalf of the Lenders, a first priority perfected
security interest (such security interest to be supported by a legal opinion from counsel to the Borrower in form and substance satisfactory to the Agent). 
 Notwithstanding the above, at the time of purchase, no one issuer will be more than 5% of the value of the Permitted Cash Collateral with respect to any Term Loan. This rule excludes direct obligations of
the United States, United States sponsored agencies and enterprises, money market funds, repurchase agreements and securities that have an effective maturity no longer than the next business day. United States sponsored agencies and enterprises are
limited to 40% of the value of the Permitted Cash Collateral with respect to any Term Loan at time of purchase, per issuer. For purposes of calculating the amount of Permitted Cash Collateral on deposit in the Cash Collateral Accounts hereunder,
Permitted Cash Collateral of an issuer that exceeds the 5% or 40% thresholds set forth above shall be excluded from such calculation. 

  
 DCP
Midstream Operating, LP 
 Amended and Restated Credit Agreement 

  
 15 

  

“Permitted Cash Collateral-A2” means Permitted Cash Collateral securing the Term Loan A2. 

“Permitted Cash Collateral-A3” means Permitted Cash Collateral securing the Term Loan A3. 

“Person” means any individual, partnership, joint venture, firm, corporation, association, trust, limited
liability company or other enterprise (whether or not incorporated), or any government or political subdivision or any agency, department or instrumentality thereof. 

“Plan” means any employee pension benefit plan (as defined in Section 3(2) of ERISA) which is
covered by ERISA and with respect to which the Parent or any ERISA Affiliate is (or, if such plan were terminated at such time, would under Section 4069 of ERISA be deemed to be) an “employer” within the meaning of Section 3(5)
of ERISA. 
 “Prime Rate” means the per annum rate of interest established from time to time by
the Agent at its principal office in Charlotte, North Carolina as its Prime Rate. Any change in the interest rate resulting from a change in the Prime Rate shall become effective as of 12:01 a.m. of the Business Day on which each change in the
Prime Rate is announced by the Agent. The Prime Rate is a reference rate used by the Agent in determining interest rates on certain loans and is not intended to be the lowest rate of interest charged on any extension of credit to any debtor.

 “Properties” has the meaning set forth in Section 6.12. 

“Qualified Acquisition” means a Permitted Acquisition, the aggregate purchase price for which, when
combined with the aggregate purchase price for all other Permitted Acquisitions in any rolling 12-month period, is greater than or equal to $25,000,000. 
 “Qualified Project” means the construction or expansion of any capital project of the Parent or any of its Subsidiaries, the aggregate capital cost of which exceeds $10,000,000.

 “Qualified Project EBITDA Adjustments” shall mean, with respect to each Qualified Project:

 (a) prior to the Commercial Operation Date of a Qualified Project (but including the fiscal quarter in which
such Commercial Operation Date occurs), a percentage (based on the then-current completion percentage of such Qualified Project) of an amount to be approved by the Agent as the projected Consolidated EBITDA of the Parent and its Subsidiaries
attributable to such Qualified Project for the first 12-month period following the scheduled Commercial Operation Date of such Qualified Project (such amount to be determined based on customer contracts relating to such Qualified Project, the
creditworthiness of the other parties to such contracts, and projected revenues from such contracts, capital costs and expenses, scheduled Commercial Operation Date, oil and gas reserve and production estimates, commodity price assumptions and other
reasonable factors deemed appropriate by Agent), which may, at the Parent’s option, be added to actual Consolidated EBITDA for the Parent and its Subsidiaries for the fiscal quarter in which construction of such Qualified Project commences and
for each fiscal quarter thereafter until the Commercial Operation Date of such Qualified Project (including the fiscal quarter in which such Commercial Operation Date occurs, but net of any actual Consolidated EBITDA of the Parent and its
Subsidiaries attributable to such Qualified Project following such Commercial Operation Date); provided that if the actual Commercial Operation Date does not occur by the scheduled Commercial Operation Date, then the foregoing amount shall be
reduced, for quarters ending after the scheduled Commercial Operation Date to (but excluding) the first full quarter after its actual Commercial Operation Date, by the following percentage amounts depending on the period of delay (based on the
period of actual delay or then-estimated delay, whichever is longer): (i) 90 days or less, 0%, (ii) longer than 90 days, but not more than 180 days, 25%, (iii) longer than 180 days but not more than 270 days, 50%, and (iv) longer
than 270 days, 100%; and 

  
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 (b)
thereafter, actual Consolidated EBITDA of the Parent and its Subsidiaries attributable to such Qualified Project for each full fiscal quarter after the Commercial Operation Date, plus the amount approved by Agent pursuant to Part (a) above as
the projected Consolidated EBITDA of Parent and its Subsidiaries attributable to such Qualified Project for the fiscal quarters constituting the balance of the four full fiscal quarter period following such Commercial Operation Date;
provided, in the event the actual Consolidated EBITDA of the Parent and its Subsidiaries attributable to such Qualified Project for any full fiscal quarter after the Commercial Operation Date shall materially differ from the projected
Consolidated EBITDA approved by Agent pursuant to Part (a) above for such fiscal quarter, the projected Consolidated EBITDA of Parent and its Subsidiaries attributable to such Qualified Project for any remaining fiscal quarters included in the
foregoing calculation shall be redetermined in the same manner as set forth in clause (a) above, such amount to be approved by the Agent, which may, at the Parent’s option, be added to actual Consolidated EBITDA for the Parent and its
Subsidiaries for such fiscal quarters. 
 Notwithstanding the foregoing: 

(A) no such additions shall be allowed with respect to any Qualified Project unless: 

(1) not later than 30 days prior to the delivery of any certificate required by the terms and provisions of
Section 7.1(d) to the extent Qualified Project EBITDA Adjustments will be made to Consolidated EBITDA in determining compliance with Section 7.10, the Borrower shall have delivered to the Agent written pro forma projections of Consolidated
EBITDA of the Parent and its Subsidiaries attributable to such Qualified Project; and 
 (2) prior to the date
such certificate is required to be delivered, the Agent shall have approved (such approval not to be unreasonably withheld) such projections and shall have received such other information and documentation as the Agent may reasonably request, all in
form and substance satisfactory to the Agent, and 

  
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 (B) the
aggregate amount of all Qualified Project EBITDA Adjustments during any period shall be limited to 20% of the total actual Consolidated EBITDA of the Parent and its Subsidiaries for such period (which total actual Consolidated EBITDA shall be
determined without including any Qualified Project EBITDA Adjustments). 
 “Rating Agency
Designation” means a written notice in the form of Exhibit 1.1 provided from time to time by the Parent to the Agent setting forth up to three current Designated Rating Agencies. 

“Register” has the meaning set forth in Section 11.3(c). 

“Regulation A, D, T, U, or X” means Regulation A, D, T, U or X, respectively, of the Board of
Governors of the Federal Reserve System as from time to time in effect and any successor to all or a portion thereof. 
 “Reportable Event” means a “reportable event” as defined in Section 4043 of ERISA with respect to which the notice requirements to the PBGC have not been waived.

 “Required Collateral-A2 Amount” has the meaning specified in Section 7.13(b)(I).

 “Required Collateral-A3 Amount” has the meaning specified in Section 7.13(b)(II).

 “Required Lenders” means Lenders whose aggregate Credit Exposure constitutes more than 50% of
the aggregate Credit Exposure of all Lenders at such time; provided, however, that if any Lender shall be a Defaulting Lender at such time then there shall be excluded from the determination of Required Lenders the aggregate principal amount
of Credit Exposure of such Lender at such time. 
 “Responsible Officer” means the president,
chief financial officer, treasurer or assistant treasurer of the applicable Credit Party. 
 “Restricted
Payment” means any dividend or other distribution (whether in cash, securities or other property) with respect to Capital Stock of a Credit Party or any Subsidiary, or any payment (whether in cash, securities or other property), including
any sinking fund or similar deposit, on account of the purchase, redemption, retirement, acquisition, cancellation or termination of any such Capital Stock or on account of any return of capital to a Credit Party’s stockholders, partners or
members (or the equivalent Person thereof), or any setting apart of funds or assets for any of the foregoing. 

“Revolver Maturity Date” shall mean the later of (a) the date that is five (5) years following
the Closing Date and (b) if the Revolver Maturity Date is extended pursuant to Section 2.11, such extended Revolver Maturity Date as determined pursuant to such Section 2.11. 

“Revolving Committed Amount” means SIX HUNDRED MILLION DOLLARS ($600,000,000) as such amount may be
reduced in accordance with Section 2.7 or increased pursuant to Section 2.10. 
 “Revolving
Lender” means a Lender who has a Commitment Percentage with respect to Revolving Loans greater than zero. 
 “Revolving Loans” has the meaning set forth in Section 2.1(a). 

  
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“Revolving Notes” means the promissory notes of the Borrower in favor of each of the Lenders evidencing
the Loans provided pursuant to Section 2.1(a), individually or collectively, as appropriate, as such notes may be amended or modified from time to time and substantially in the form of Exhibit 2.9(a). 

“S&P” means Standard & Poor’s Ratings Group, a division of McGraw Hill, Inc., or any
successor or assignee of the business of such division in the business of rating securities. 
 “Sale and
Leaseback Transaction” means, with respect to a Credit Party or any Subsidiary, any arrangement, directly or indirectly, with any Person whereby a Credit Party or such Subsidiary shall sell or transfer any assets used or useful in its
business, whether now owned or hereafter acquired, and thereafter rent or lease such assets or other assets that it intends to use for substantially the same purpose or purposes as the assets being sold or transferred. 

“Sanctioned Country” means a country subject to a sanctions program identified on the list maintained by
OFAC and available at http://www.treas.gov/offices/enforcement /ofac/sanctions/index.html, or as otherwise published from time to time. 
 “Sanctioned Person” means (a) a Person named on the list of “Specially Designated Nationals and Blocked Persons” maintained by OFAC available at
http://www.treas.gov/offices/enforcement/ofac/sdn/index.html, or as otherwise published from time to time or (b) (i) an agency of the government of a Sanctioned Country, (ii) an organization controlled by a Sanctioned Country or
(iii) a person resident in a Sanctioned Country, to the extent subject to a sanctions program administered by OFAC. 
 “Single Employer Plan” means any Plan which is covered by Title IV of ERISA, but which is not a Multiemployer Plan or a Multiple Employer Plan. 

“Solvent” means, with respect to any Person as of a particular date, that on such date (a) such
Person is able to pay its debts and other liabilities, contingent obligations and other commitments as they mature in the normal course of business, (b) such Person does not intend to, and does not believe that it will, incur debts or
liabilities beyond such Person’s ability to pay as such debts and liabilities mature in their ordinary course, (c) such Person is not engaged in a business or a transaction, and is not about to engage in a business or a transaction, for
which such Person’s assets would constitute unreasonably small capital after giving due consideration to the prevailing practice in the industry in which such Person is engaged or is to engage, (d) the fair value of the assets of such
Person is greater than the total amount of liabilities, including, without limitation, contingent liabilities, of such Person and (e) the present fair saleable value of the assets of such Person is not less than the amount that will be required
to pay the probable liability of such Person on its debts as they become absolute and matured. In computing the amount of contingent liabilities at any time, it is intended that such liabilities will be computed as the amount which, in light of all
the facts and circumstances existing at such time, represents the amount that can reasonably be expected to become an actual or matured liability. 
 “Subsidiary” means, as to any Person, (a) any corporation more than 50% of whose stock of any class or classes having by the terms thereof ordinary voting power to elect a majority
of the directors of such corporation (irrespective of whether or not at the time, any class or classes of such corporation shall have or might have voting power by reason of the happening of any contingency) is at the time owned by such Person
directly or indirectly through Subsidiaries, (b) any partnership, association, joint venture, limited liability company or other entity in which such person directly or indirectly through Subsidiaries has more than 50% equity interest at any
time and (c) any other Person that is controlled by such Person and who for GAAP purposes is required to be consolidated into such Person’s consolidated financial statements. Unless otherwise provided, as used herein,
“Subsidiary” shall refer to a Subsidiary of the Parent. 

  
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“Swap Contract” means, to the extent entered into on a fair market value basis at the time of entry,
(a) any and all rate swap transactions, basis swaps, credit derivative transactions, forward rate transactions, commodity swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond or bond price or bond
index swaps or options or forward bond or forward bond price or forward bond index transactions, interest rate options, forward foreign exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions,
cross-currency rate swap transactions, currency options, spot contracts, or any other similar transactions or any combination of any of the foregoing (including any options to enter into any of the foregoing), whether or not any such transaction is
governed by or subject to any master agreement, and (b) any and all transactions of any kind, and the related confirmations, which are subject to the terms and conditions of, or governed by, any form of master agreement published by the
International Swaps and Derivatives Association, Inc., any International Foreign Exchange Master Agreement, or any other master agreement (any such master agreement, together with any related schedules, a “Master Agreement”),
including any such obligations or liabilities under any Master Agreement. 
 “Swingline Committed
Amount” means SIXTY MILLION DOLLARS ($60,000,000). 
 “Swingline Lender” means Wachovia
Bank, National Association or any successor Swingline Lender. 
 “Swingline Loan” or
“Swingline Loans” has the meaning set forth in Section 2.8(a). 
 “Swingline
Note” means the promissory note of the Borrower in favor of the Swingline Lender evidencing the Swingline Loans provided pursuant to Section 2.8, as such promissory note may be amended or modified, from time to time and substantially
in the form of Exhibit 2.9(c). 
 “Termination Event” means (a) with respect to any
Single Employer Plan, the occurrence of a Reportable Event or the substantial cessation of operations (within the meaning of Section 4062(e) of ERISA), (b) the withdrawal of the Parent or any ERISA Affiliate from a Multiple Employer Plan
during a plan year in which it was a substantial employer (as such term is defined in Section 4001(a)(2) of ERISA), or the termination of a Multiple Employer Plan, (c) the distribution of a notice of intent to terminate or the actual
termination of a Plan pursuant to Section 4041(a)(2) or 4041A of ERISA, (d) the institution of proceedings to terminate or the actual termination of a Plan by the PBGC under Section 4042 of ERISA, (e) any event or condition which
might reasonably constitute grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Plan, or (f) the complete or partial withdrawal of the Borrower or any ERISA Affiliate from a
Multiemployer Plan. 
 “Term Loan” has the meaning specified in Section 2.1(b). 

“Term Loan Maturity Date” means, with respect to the Term Loan A2 and the Term Loan A3, the date that is
five (5) years following the Closing Date. 

  
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“Term Loan Note” means the promissory notes of the Borrower in favor of each of the Lenders evidencing
the Loans provided pursuant to Section 2.1(b), individually or collectively, as appropriate, as such notes may be amended or modified from time to time and substantially in the form of Exhibit 2.9(b). 

“Term Loan A2” has the meaning specified in Section 2.1(b)(i). 

“Term Loan A2 Commitment Fee” has the meaning set forth in Section 3.4(e)(i). 

“Term Loan A2 Commitment Period” shall mean the period from and including the Closing Date to and
including the Term Loan A2 Commitment Termination Date. 
 “Term Loan A2 Commitment Termination
Date” shall mean November 15, 2007. 
 “Term Loan A2 Funding Date” shall mean,
with respect to the Term Loan A2, any Business Day occurring during the Term Loan A2 Commitment Period in which the Borrower delivers a Notice of Borrowing in accordance with Section 2.3(b); provided, that there shall be no more than two
(2) Term Loan A2 Funding Dates during the Term Loan A2 Commitment Period. 
 “Term Loan A3”
has the meaning specified in Section 2.1(b)(ii). 
 “Term Loan A3 Commitment Fee” has the
meaning set forth in Section 3.4(e)(ii). 
 “Term Loan A3 Commitment Period” shall mean the
period from and including the Closing Date to and including the Term Loan A3 Commitment Termination Date. 

“Term Loan A3 Commitment Termination Date” shall mean December 31, 2007. 

“Term Loan A3 Funding Date” shall mean, with respect to the Term Loan A3, any Business Day occurring
during the Term Loan A3 Commitment Period in which the Borrower delivers a Notice of Borrowing in accordance with Section 2.3(b); provided, that there shall be no more than two (2) Term Loan A3 Funding Dates during the Term Loan A3
Commitment Period. 
 “Tier 1 Permitted Cash Collateral” means Permitted Cash Collateral with
maturities of not more than 30 days from the date of acquisition with the exception of auction rate securities which may have a re-set date of 35 days or less. 
 “Tier 2 Permitted Cash Collateral” means Permitted Cash Collateral with maturities more than 30 days from the date of acquisition but not more than 90 days from the date of acquisition.

 “Tier 3 Permitted Cash Collateral” means Permitted Cash Collateral with maturities more than
90 days from the date of acquisition but not more than 180 days from the date of acquisition. 

“Treasury Management Agreement” means any agreement governing the provision of treasury or cash
management services, including deposit accounts, funds transfer, automated clearinghouse, zero balance accounts, returned check concentration, controlled disbursement, lockbox, account reconciliation and reporting and trade finance services provided
by a Lender or an Affiliate of a Lender. 
 “Utilization Fees” has the meaning set forth in
Section 3.4(c). 

  
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“Utilized Revolving Loan Commitment” means, for any period from the Effective Date to the Revolver
Maturity Date, the amount equal to the daily average sum for such period of the aggregate principal amount of all Revolving Loans plus Swingline Loans plus LOC Obligations. 

“Voting Stock” means all classes of the Capital Stock (or other voting interests) of such Person then
outstanding and normally entitled to vote in the election of directors or other governing body of such Person. 
 1.2
Computation of Time Periods. 
 For purposes of computation of periods of time hereunder, the word “from”
means “from and including” and the words “to” and “until” each mean “to but excluding.” References in this Credit Agreement to “Articles”, “Sections”, “Schedules” or
“Exhibits” shall be to Articles, Sections, Schedules or Exhibits of or to this Credit Agreement unless otherwise specifically provided. 
 1.3 Accounting Terms. 
 (a) Generally. Except
as otherwise expressly provided herein, all accounting terms used herein shall be interpreted, and all financial statements and certificates and reports as to financial matters required to be delivered to the Lenders hereunder shall be prepared, in
accordance with GAAP applied on a consistent basis. 
 (b) Calculations. Notwithstanding anything in this
Credit Agreement to the contrary: 
 (i) For purposes of calculating compliance with the financial covenants set
forth in Section 7.10 hereof and for purposes of determining the Applicable Margin, with respect to all Permitted Acquisitions subsequent to the Effective Date, Consolidated EBITDA, Consolidated Interest Expense and Consolidated Indebtedness
with respect to such newly acquired assets shall be calculated on a pro forma basis as if such acquisition had occurred at the beginning of the applicable twelve month period of determination. 

(ii) For purposes of calculating compliance with the financial covenants set forth in Section 7.10 hereof and for
purposes of determining the Applicable Margin, Consolidated EBITDA may include, at Parent’s option, any Qualified Project EBITDA Adjustments as provided in the definition thereof. 

1.4 Time. 
 All references to time herein shall be references to Eastern Standard Time or Eastern Daylight time, as the case may be, unless specified otherwise. 

  
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 SECTION 2.

 LOANS 
 2.1 Revolving and Term Loans. 
 (a) Revolving Loans. Subject
to the terms and conditions set forth herein, each Revolving Lender severally agrees to make revolving loans to the Borrower in Dollars, at any time and from time to time, during the period from the Effective Date to the Revolver Maturity Date (each
a “Revolving Loan” and collectively the “Revolving Loans”); provided, however, that (a) the sum of the aggregate amount of Revolving Loans outstanding plus the aggregate amount of Swingline Loans
outstanding plus the aggregate amount of LOC Obligations outstanding shall not exceed the Revolving Committed Amount and (b) with respect to each individual Revolving Lender, such Revolving Lender’s pro rata share of outstanding Revolving
Loans plus such Revolving Lender’s pro rata share of outstanding LOC Obligations plus its pro rata share of Swingline Loans shall not exceed such Revolving Lender’s Commitment Percentage of the Revolving Committed Amount. Subject to the
terms of this Credit Agreement, the Borrower may borrow, repay and reborrow Revolving Loans. Revolving Loans may consist of Base Rate Loans or Eurodollar Loans as further provided herein; provided that any Revolving Loans made on the Closing Date
shall be Base Rate Loans unless the Borrower delivers to the Agent a funding indemnity letter acceptable to the Agent. Unless earlier terminated pursuant to other provisions of this Credit Agreement, the Commitments hereunder with respect to
Revolving Loans shall terminate on the Revolver Maturity Date. 
 (b) Term Loans. 

(i) Term Loan A2. Subject to the terms and conditions set forth herein, each applicable Lender severally agrees to
make available to the Borrower on each Term Loan A2 Funding Date, in accordance with Section 2.3(b), such Lender’s applicable Commitment Percentage of a term loan in Dollars (the “ Term Loan A2”) in the aggregate principal
amount after giving effect to all Term Loan A2 borrowings of up to ONE HUNDRED MILLION DOLLARS ($100,000,000) (the “Term Loan A2 Committed Amount”) for the purposes hereinafter set forth. Amounts repaid on the Term Loan A2
may not be reborrowed. The Term Loan A2 may consist of Base Rate Loans or Eurodollar Loans as further provided herein; provided that any borrowings of the Term Loan A2 on the Closing Date shall be Base Rate Loans. The unused commitments of the
Lenders with respect to the Term Loan A2 shall expire on the Term Loan A2 Commitment Termination Date. 
 (ii)
Term Loan A3. Subject to the terms and conditions set forth herein, each applicable Lender severally agrees to make available to the Borrower on each Term Loan A3 Funding Date, in accordance with Section 2.3(b), such Lender’s
applicable Commitment Percentage of a term loan in Dollars (the “ Term Loan A3”) in the aggregate principal amount after giving effect to all Term Loan A3 borrowings of up to ONE HUNDRED FIFTY MILLION DOLLARS ($150,000,000)
(the “Term Loan A3 Committed Amount”) for the purposes hereinafter set forth. Amounts repaid on the Term Loan A3 may not be reborrowed. The Term Loan A3 may consist of Base Rate Loans or Eurodollar Loans as further provided herein;
provided that any borrowings of the Term Loan A3 on the Closing Date shall be Base Rate Loans. The unused commitments of the Lenders with respect to the Term Loan A3 shall expire on the Term Loan A3 Commitment Termination Date. 

  
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 (iii)
Other Term Loans. Prior to the Term Loan Maturity Date and with the consent of the Agent (such consent not to be unreasonably withheld), the Borrower shall have the right to request, from time to time, additional term loans to be evidenced
under this Credit Agreement; provided that (A) no Default or Event of Default shall exist at the time of such new term loan or after giving effect thereto, (B) no individual Lender shall be required to participate in any such term loan
without its written consent, (C) the Credit Parties and the Lenders providing any such term loan shall enter into an amendment to this Credit Agreement as is necessary to evidence (x) the making of such term loan and (y) the creation
of any Cash Collateral Account and Account Control Agreement and the establishment of any required collateral amounts associated therewith (it being understood and agreed that, as set forth in Section 11.6, such amendment shall not require the
consent of any Lender not providing such term loan), (D) Schedule 1.1 shall be amended to reflect the addition of the new term loan and the Lenders participating therein, (E) the Borrower shall execute and deliver such Term
Note(s) as are requested by the Lenders providing commitments for such additional term loan, (F) the Borrower shall demonstrate to the satisfaction of the Agent that immediately after giving effect to such additional term loan, the Borrower is
in compliance with Section 7.10 on a pro forma basis, (G) unless specifically set forth herein, the terms of such additional term loan shall be determined at the time such additional term loan is incurred and (H) after giving effect
to such additional term loan, the total amount of Term Loans outstanding plus the Revolving Committed Amount at such time shall not exceed $1,000,000,000. 
 Any such additional term loan, at the option of the Borrower, shall be provided by (x) one or more existing Lenders; provided that any existing Lender who provides a commitment for such term loan
must consent in writing thereto and/or (y) one or more institutions that is not an existing Lender; provided that any such institution (1) must conform to the definition of Eligible Assignee, (2) must provide a commitment of at least
$5,000,000 unless otherwise agreed to by the Agent and the Borrower and (3) must become a Lender under this Credit Agreement by execution and delivery of an appropriate joinder agreement or of counterparts to this Credit Agreement in a manner
acceptable to the Borrower and the Agent. 
 The Agent is authorized to enter into, on behalf of the Lenders, any
amendment to this Credit Agreement or any other Credit Document as may be necessary to solely incorporate the terms of each such additional term loan therein. 
 (iv) Term Loans. As used herein, “Term Loans” shall mean a collective reference to the Term Loan A2, the Term Loan A3 and any additional term loans incurred pursuant to
Section 2.1(b)(iii) above. 
 2.2 Letters of Credit. 

(a) Issuance; Terms. Subject to the terms and conditions hereof and of the LOC Documents, if any, and any other terms and
conditions which an Issuing Lender may reasonably require (so long as such terms and conditions do not impose any financial obligation on or require any Lien (not otherwise contemplated by this Credit Agreement) to be given by the Borrower or
conflict with any obligation of, or detract from any action which may be taken by the Borrower or its Subsidiaries under this Credit Agreement), the applicable Issuing Lender shall from time to time, upon request, issue in Dollars, and the Revolving
Lenders shall participate in, letters of credit (the “Letters of Credit”) for the account of the Borrower (or, subject to Section 2.2(f), the Parent or any of its Subsidiaries) from the Effective Date until the Revolver
Maturity Date, in a form reasonably acceptable to such Issuing Lender; provided, however, that (i) the sum of the aggregate amount of LOC Obligations outstanding plus Revolving Loans outstanding plus Swingline Loans outstanding shall not
exceed the Revolving Committed Amount and (ii) with respect to each individual Lender, such Lender’s pro rata share of outstanding Revolving Loans plus its pro rata share of outstanding LOC Obligations plus its pro rata share of Swingline
Loans shall not exceed such Lender’s Commitment Percentage of the Revolving Committed Amount. The issuance and expiry date of each Letter of Credit shall be a Business Day. No Letter of Credit shall have an expiry date extending beyond the date
that is five (5) Business Days before the Revolver Maturity Date. Each Letter of Credit shall be either (x) a standby letter of credit issued to support the obligations (including pension or insurance obligations), contingent or otherwise,
of the Borrower, the Parent or any of its Subsidiaries or (y) a commercial letter of credit in respect of the purchase of goods or services by the Borrower, the Parent or any of its Subsidiaries in the ordinary course of business. Each Letter
of Credit shall comply with the related LOC Documents. The Borrower’s reimbursement obligations in respect of each Existing Letter of Credit, and each Lender’s participation obligations in connection therewith, shall be governed by the
terms of this Credit Agreement. 

  
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 (b) Notice and
Reports. The request for the issuance of a Letter of Credit shall be submitted in writing to the applicable Issuing Lender at least three Business Days prior to the requested date of issuance. Such request shall specify the date such Letter of
Credit is to be issued and describe the terms of such Letter of Credit and shall be accompanied by a completed application in form and substance satisfactory to such Issuing Lender. Each Issuing Lender will notify the Agent when a Letter of Credit
is issued and the details with respect thereto and shall provide to the Agent and, upon written request, to the Lenders a detailed report specifying the Letters of Credit which are then issued and outstanding and any activity with respect thereto
which may have occurred since the date of any prior report, and including therein, among other things, the account party, the beneficiary, the face amount, and the expiry date as well as any payments or expirations which may have occurred. Each
Issuing Lender will further provide to the Agent, promptly upon request, copies of the Letters of Credit. 
 (c)
Participations. Each Lender, (i) on the Closing Date with respect to each Existing Letter of Credit and (ii) upon issuance of any other Letter of Credit, shall be deemed to have purchased without recourse a risk participation from
the applicable Issuing Lender in such Letter of Credit and the obligations arising thereunder and any collateral relating thereto, in each case in an amount equal to its Commitment Percentage of the obligations under such Letter of Credit, and shall
absolutely, unconditionally and irrevocably assume, as primary obligor and not as surety, and be obligated to pay to the applicable Issuing Lender therefor and discharge when due, its Commitment Percentage of the obligations arising under such
Letter of Credit. Without limiting the scope and nature of each Lender’s participation in any Letter of Credit, to the extent that the applicable Issuing Lender has not been reimbursed as required hereunder or under any such Letter of Credit,
each such Lender shall pay to the applicable Issuing Lender its Commitment Percentage of such unreimbursed drawing in same day funds on the day of notification by the applicable Issuing Lender of an unreimbursed drawing pursuant to the provisions of
subsection (d) hereof. The obligation of each Lender to so reimburse the applicable Issuing Lender shall be absolute and unconditional and shall not be affected by the occurrence of a Default, an Event of Default, the Revolver Maturity Date or
any other occurrence or event. Any such reimbursement shall not relieve or otherwise impair the obligation of the Borrower to reimburse the applicable Issuing Lender under any Letter of Credit, together with interest as hereinafter provided.

  
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 (d)
Reimbursement. In the event of any request for a drawing or any drawing under any Letter of Credit, the applicable Issuing Lender will promptly notify the Borrower as to the amount to be paid as a result of such drawing and the date such
payment is to be made by the applicable Issuing Lender (the “Payment Date”). If the Commitments with respect to Revolving Loans remain in effect on the Payment Date, the Borrower shall, unless the Borrower otherwise instructs the
Agent by not less than one Business Day’s prior notice, be deemed to have requested a Revolving Loan at the Base Rate in the amount of the drawing as provided in subsection (e) hereof, the proceeds of which will be used to satisfy the
reimbursement obligations. The Borrower shall reimburse the applicable Issuing Lender on the Payment Date either with the proceeds of a Revolving Loan obtained hereunder or otherwise in same day funds as provided herein or in the LOC Documents. If
the Borrower shall fail to reimburse the applicable Issuing Lender as provided hereinabove, the unreimbursed amount of such drawing shall bear interest at a per annum rate equal to the Base Rate plus two percent (2%). The Borrower’s
reimbursement obligations hereunder shall be absolute and unconditional under all circumstances irrespective of (but without waiver of) any rights of set-off, counterclaim or defense to payment that the applicable account party or the Borrower may
claim or have against the Issuing Lenders, the Agent, the Lenders, the beneficiary of the Letter of Credit drawn upon or any other Person, including without limitation, any defense based on any failure of the applicable account party or the Borrower
to receive consideration or the legality, validity, regularity or unenforceability of the Letter of Credit. The applicable Issuing Lender will promptly notify the Lenders of the amount of any unreimbursed drawing and each Lender shall promptly pay
to the Agent for the account of the applicable Issuing Lender, in Dollars and in immediately available funds, the amount of such Lender’s Commitment Percentage of such unreimbursed drawing. Such payment shall be made on the day such notice is
received by such Lender from the applicable Issuing Lender if such notice is received at or before 2:00 p.m., otherwise such payment shall be made at or before 12:00 Noon on the Business Day next succeeding the day such notice is received. If such
Lender does not pay such amount to the applicable Issuing Lender in full upon such request, such Lender shall, on demand, pay to the Agent for the account of the applicable Issuing Lender interest on the unpaid amount during the period from the date
the Lender received the notice regarding the unreimbursed drawing until such Lender pays such amount to the applicable Issuing Lender in full at a rate per annum equal to, if paid within two Business Days of the date of drawing, the Federal Funds
Rate and thereafter at a rate equal to the Base Rate. Each Lender’s obligation to make such payment to the applicable Issuing Lender, and the right of the applicable Issuing Lender to receive the same, shall be absolute and unconditional, shall
not be affected by any circumstance whatsoever and without regard to the termination of this Credit Agreement or the Commitments with respect to Revolving Loans hereunder, the existence of a Default or Event of Default or the acceleration of the
obligations hereunder and shall be made without any offset, abatement, withholding or reduction whatsoever. Simultaneously with the making of each such payment by a Lender to the applicable Issuing Lender, such Lender shall, automatically and
without any further action on the part of the applicable Issuing Lender or such Lender, acquire a participation in an amount equal to such payment (excluding the portion of such payment constituting interest owing to the applicable Issuing Lender)
in the related unreimbursed drawing portion of the LOC Obligation and in the interest thereon and in the related LOC Documents, and shall have a claim against the Borrower with respect thereto. 

(e) Repayment with Revolving Loans. On any day on which the Borrower shall have requested, or been deemed to have requested, a
Revolving Loan borrowing to reimburse a drawing under a Letter of Credit, the Agent shall give notice to the Lenders that a Revolving Loan has been requested or deemed requested in connection with a drawing under a Letter of Credit, in which case a
Revolving Loan borrowing comprised solely of Base Rate Loans (each such borrowing, a “Mandatory Borrowing”) shall be immediately made from all Lenders (without giving effect to any termination of the Commitments pursuant to
Section 9.2 or otherwise) pro rata based on each Lender’s respective Commitment Percentage and the proceeds thereof shall be paid directly to the applicable Issuing Lender for application to the respective LOC Obligations. Each such Lender
hereby irrevocably agrees to make such Revolving Loans immediately upon any such request or deemed request on account of each such Mandatory Borrowing in the amount and in the manner specified in the preceding sentence and on the same such date
notwithstanding (i) the amount of Mandatory Borrowing may not comply with the minimum amount for borrowings of Revolving Loans otherwise required hereunder, (ii) whether any conditions specified in Section 5.2 are then satisfied,
(iii) whether a Default or Event of Default then exists, (iv) failure of any such request or deemed request for Revolving Loans to be made by the time otherwise required hereunder or (v) any reduction in the Revolving Committed
Amount. In the event that any Mandatory Borrowing cannot be made on the date otherwise required above, whether because the Commitments have terminated or for any other reason (including, without limitation, as a result of the commencement of a
proceeding under the Bankruptcy Code with respect to the Borrower), then each such Lender hereby agrees that it shall forthwith fund (as of the date the Mandatory Borrowing would otherwise have occurred, but adjusted for any payments received from
the Borrower on or after such date and prior to such purchase) its Participation Interest in the outstanding LOC Obligations; provided, that in the event any Lender shall fail to fund its Participation Interest on the day it is required to do so,
then the amount of such Lender’s unfunded Participation Interest therein shall bear interest payable to the applicable Issuing Lender upon demand, at the rate equal to, if paid within two Business Days of such date, the Federal Funds Rate, and
thereafter at a rate equal to the Base Rate. 

  
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Midstream Operating, LP 
 Amended and Restated Credit Agreement 

  
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 (f) Designation of
Subsidiaries as Account Parties. Notwithstanding anything to the contrary set forth in this Credit Agreement, a Letter of Credit issued hereunder may contain a statement to the effect that such Letter of Credit is issued for the account of the
Parent or any of its Subsidiaries; provided, that notwithstanding such statement, the Borrower shall be the actual account party for all purposes of this Credit Agreement for such Letter of Credit and such statement shall not affect the
Borrower’s reimbursement obligations hereunder with respect to such Letter of Credit. 
 (g) Modification and
Extension. Except for non-substantive amendments to any Letter of Credit for the purpose of correcting errors or ambiguities or to allow for administrative convenience (which amendments each Issuing Bank may make in its discretion with the
consent of the Borrower), the amendment, modification, supplement, extension or renewal of any Letter of Credit shall be deemed to be an issuance of such Letter of Credit. If any Letter of Credit contains a provision pursuant to which it is deemed
to be automatically renewed unless notice of termination is given by the applicable Issuing Lender, such Issuing Lender shall timely give notice of termination if (i) as of close of business on the seventeenth day prior to the last day upon
which such Issuing Lender’s notice of termination may be given to the beneficiaries of such Letter of Credit, such Issuing Lender has received a notice of termination from the Borrower or a notice from the Agent that the conditions to issuance
of such Letter of Credit have not been satisfied or (ii) the renewed Letter of Credit would have a term not permitted by subsection (a) above. 
 (h) Uniform Customs and Practices. An Issuing Lender may have the Letters of Credit be subject to The Uniform Customs and Practice for Documentary Credits (the “UCP”) or the
International Standby Practices 1998 (the “ISP98”), in either case as published as of the date of issue by the International Chamber of Commerce, in which case the UCP or ISP98, as applicable, may be incorporated therein and deemed
in all respects to be a part thereof. 
 (i) Responsibility of Issuing Lenders. It is expressly understood and agreed
that the obligations of each Issuing Lender hereunder to the Lenders are only those expressly set forth in this Credit Agreement and that each Issuing Lender shall be entitled to assume that the conditions precedent set forth in Section 5.2
have been satisfied unless it shall have acquired actual knowledge that any such condition precedent has not been satisfied; provided, however, that nothing set forth in this Section 2.2 shall be deemed to prejudice the right of any Lender to
recover from an Issuing Lender any amounts made available by such Lender to such Issuing Lender pursuant to this Section 2.2 in the event that it is determined by a court of competent jurisdiction that the payment with respect to a Letter of
Credit constituted gross negligence or willful misconduct on the part of such Issuing Lender. 
 (j) Conflict with LOC
Documents. In the event of any conflict between this Credit Agreement and any LOC Document (including any letter of credit application and any LOC Documents relating to the Existing Letters of Credit), this Credit Agreement shall govern.

  
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Midstream Operating, LP 
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 (k) Indemnification
of Issuing Lenders. 
 (i) In addition to its other obligations under this Credit Agreement, the Borrower
hereby agrees to protect, indemnify, pay and save the Issuing Lenders harmless from and against any and all claims, demands, liabilities, damages, losses, costs, charges and expenses (including reasonable attorneys’ fees) that the Issuing
Lenders may incur or be subject to as a consequence, direct or indirect, of (A) the issuance of any Letter of Credit or (B) the failure of an Issuing Lender to honor a drawing under a Letter of Credit as a result of any act or omission,
whether rightful or wrongful, of any present or future de jure or de facto government or Governmental Authority (all such acts or omissions, herein called “Government Acts”). 

(ii) As between the Borrower and the Issuing Lenders, the Borrower shall assume all risks of the acts, omissions or misuse
of any Letter of Credit by the beneficiary thereof. The Issuing Lenders shall not be responsible for: (A) the form, validity, sufficiency, accuracy, genuineness or legal effect of any document submitted by any party in connection with the
application for and issuance of any Letter of Credit, even if it should in fact prove to be in any or all respects invalid, insufficient, inaccurate, fraudulent or forged; (B) the validity or sufficiency of any instrument transferring or
assigning or purporting to transfer or assign any Letter of Credit or the rights or benefits thereunder or proceeds thereof, in whole or in part, that may prove to be invalid or ineffective for any reason; (C) failure of the beneficiary of a
Letter of Credit to comply fully with conditions required in order to draw upon a Letter of Credit; (D) errors, omissions, interruptions or delays in transmission or delivery of any messages, by mail, cable, telegraph, telex or otherwise,
whether or not they be in cipher; (E) errors in interpretation of technical terms; (F) any loss or delay in the transmission or otherwise of any document required in order to make a drawing under a Letter of Credit or of the proceeds
thereof; and (G) any consequences arising from causes beyond the control of an Issuing Lender, including, without limitation, any Government Acts. None of the above shall affect, impair, or prevent the vesting of an Issuing Lender’s rights
or powers hereunder. 
 (iii) In furtherance and extension and not in limitation of the specific provisions
hereinabove set forth, any action taken or omitted by an Issuing Lender, under or in connection with any Letter of Credit or the related certificates, if taken or omitted in good faith, shall not put such Issuing Lender under any resulting liability
to the Borrower. It is the intention of the parties that this Credit Agreement shall be construed and applied to protect and indemnify the Issuing Lenders against any and all risks involved in the issuance of the Letters of Credit, all of which
risks are hereby assumed by the Borrower, including, without limitation, any and all risks of the acts or omissions, whether rightful or wrongful, of any present or future Government Acts. An Issuing Lender shall not, in any way, be liable for any
failure by such Issuing Lender or anyone else to pay any drawing under any Letter of Credit as a result of any Government Acts or any other cause beyond the control of such Issuing Lender. 

(iv) Nothing in this subsection (k) is intended to limit the reimbursement obligation of the Borrower contained in
this Section 2.2. The obligations of the Borrower under this subsection (k) shall survive the termination of this Credit Agreement. No act or omission of any current or prior beneficiary of a Letter of Credit shall in any way affect or
impair the rights of an Issuing Lender to enforce any right, power or benefit under this Credit Agreement. 
 (v)
Notwithstanding anything to the contrary contained in this subsection (k) or any of the Credit Documents, the Borrower shall have no obligation to indemnify an Issuing Lender in respect of any liability incurred by such Issuing Lender arising
solely out of the gross negligence or willful misconduct of such Issuing Lender, as determined by a court of competent jurisdiction. Nothing in this Credit Agreement shall relieve an Issuing Lender of any liability to the Borrower in respect of any
action taken by such Issuing Lender which action constitutes gross negligence or willful misconduct of such Issuing Lender or a violation of the UCP, the ISP98 or Uniform Commercial Code (as applicable), as determined by a court of competent
jurisdiction. 

  
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Midstream Operating, LP 
 Amended and Restated Credit Agreement 

  
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 2.3 Method of
Borrowing for Revolving Loans and Term Loans. 
 (a) Revolving Loans. By no later than 11:00 a.m. (a) on
the date of the requested borrowing of Revolving Loans (other than Swingline Loans) that will be Base Rate Loans or (b) three Business Days prior to the date of the requested borrowing of Loans that will be Eurodollar Loans, the Borrower shall
submit a written Notice of Borrowing in the form of Exhibit 2.3 to the Agent setting forth (i) the amount requested, (ii) whether such Revolving Loans shall accrue interest at the Adjusted Base Rate or the Adjusted Eurodollar
Rate, (iii) with respect to Revolving Loans that will be Eurodollar Loans, the Interest Period applicable thereto and (iv) certification that the Borrower has complied in all respects with Section 5.2. 

(b) Term Loans. By no later than 11:00 a.m. (a) on the date of the requested borrowing of the applicable Term Loans that
will be Base Rate Loans or (b) three Business Days prior to the date of the requested borrowing of the applicable Term Loans that will be Eurodollar Loans, the Borrower shall submit a written Notice of Borrowing in the form of
Exhibit 2.3 to the Agent setting forth (i) the amount requested, (ii) whether such Term Loans shall accrue interest at the Adjusted Base Rate or the Adjusted Eurodollar Rate, (iii) with respect to Term Loans that will be
Eurodollar Loans, the Interest Period applicable thereto and (iv) certification that the Borrower has complied in all respects with Section 5.2. 
 2.4 Funding of Revolving Loans and Term Loans. 
 Upon receipt of a
Notice of Borrowing, the Agent shall promptly inform the applicable Lenders as to the terms thereof. Each such Lender shall make its Commitment Percentage of the requested Revolving Loans or Term Loans, as applicable, available to the Agent by
2:00 p.m. on the date specified in the Notice of Borrowing by deposit, in Dollars, of immediately available funds at the Agency Services Address. The amount of the requested Loans will then be made available to the Borrower by the Agent by
crediting the account of the Borrower on the books of such office of the Agent, to the extent the amount of such Loans are made available to the Agent. 
 No Lender shall be responsible for the failure or delay by any other Lender in its obligation to make Loans under this Section 2.4; provided, however, that the failure of any Lender to fulfill
its obligations hereunder shall not relieve any other Lender of its obligations hereunder. Unless the Agent shall have been notified by any Lender prior to the time of any such Loan that such Lender does not intend to make available to the Agent its
portion of the Loans to be made on such date, the Agent may assume that such Lender has made such amount available to the Agent on the date of such Loans, and the Agent in reliance upon such assumption, may (in its sole discretion but without any
obligation to do so) make available to the Borrower a corresponding amount. If such corresponding amount is not in fact made available to the Agent, the Agent shall be able to recover such corresponding amount from such Lender. If such Lender does
not pay such corresponding amount forthwith upon the Agent’s demand therefor, the Agent will promptly notify the Borrower and the Borrower shall immediately pay such corresponding amount within two Business Days to the Agent. The Agent shall
also be entitled to recover from the Lender or the Borrower, as the case may be, interest on such corresponding amount in respect of each day from the date such corresponding amount was made available by the Agent to the Borrower to the date such
corresponding amount is recovered by the Agent at a per annum rate equal to (a) from the Borrower at the applicable rate for such Loan pursuant to the Notice of Borrowing and (b) from a Lender at the Federal Funds Rate. 

  
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Midstream Operating, LP 
 Amended and Restated Credit Agreement 

  
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 2.5
Continuations and Conversions. 
 The Borrower shall have the option (subject to the limitations set forth below), on
any Business Day, to continue existing Eurodollar Loans for a subsequent Interest Period, to convert Base Rate Loans into Eurodollar Loans or to convert Eurodollar Loans into Base Rate Loans; provided, however, that (a) each such
continuation or conversion must be requested by the Borrower pursuant to a written Notice of Continuation/Conversion, in the form of Exhibit 2.5, in compliance with the terms set forth below, (b) if a Eurodollar Loan is continued or
converted into a Base Rate Loan on any day other than the last day of the Interest Period applicable thereto, then the Borrower shall be subject to the provisions set forth in Section 4.3, (c) Eurodollar Loans may not be continued nor may
Base Rate Loans be converted into Eurodollar Loans during the existence and continuation of a Default or Event of Default and (d) any request to extend a Eurodollar Loan that fails to comply with the terms hereof or any failure to request an
extension of a Eurodollar Loan at the end of an Interest Period shall constitute a conversion to a Base Rate Loan on the last day of the applicable Interest Period. Each continuation or conversion must be requested by the Borrower no later than
11:00 a.m. (i) on the date for a requested conversion of a Eurodollar Loan to a Base Rate Loan or (ii) three Business Days prior to the date for a requested continuation of a Eurodollar Loan or conversion of a Base Rate Loan to a
Eurodollar Loan, in each case pursuant to a written Notice of Continuation/Conversion submitted to the Agent which shall set forth (A) whether the Borrower wishes to continue or convert such Loans and (B) if the request is to continue a
Eurodollar Loan or convert a Base Rate Loan to a Eurodollar Loan, the Interest Period applicable thereto. 
 2.6 Minimum
Amounts. 
 Each request for a Revolving Loan or a Term Loan or a conversion or continuation of a Loan hereunder shall be
subject to the following requirements: (a) each Eurodollar Loan that is a Revolving Loan shall be in a minimum amount of $10,000,000 (and in integral multiples of $1,000,000 in excess thereof), (b) each Base Rate Loan that is a Revolving
Loan shall be in a minimum amount of the lesser of $10,000,000 (and in integral multiples of $1,000,000 in excess thereof) or the remaining amount available to be borrowed, (c) any Term Loan shall be in a minimum amount of the lesser of
$10,000,000 or the remaining amount available to be borrowed, and (d) no more than ten Eurodollar Loans shall be outstanding hereunder at any one time. For the purposes of this Section, all Eurodollar Loans with the same Interest Periods that
begin and end on the same date shall be considered as one Eurodollar Loan, but Eurodollar Loans with different Interest Periods, even if they begin on the same date, shall be considered separate Eurodollar Loans. 

2.7 Reductions of Revolving Committed Amount. 
 Upon at least five (5) Business Days’ notice, the Borrower shall have the right to permanently terminate or reduce the aggregate unused amount of the Revolving Committed Amount at any time or
from time to time; provided, that (a) each partial reduction shall be in an aggregate amount at least equal to $10,000,000 and in integral multiples of $1,000,000 above such amount, (b) no reduction shall be made which would reduce
the Revolving Committed Amount to an amount less than the aggregate amount of the then outstanding Revolving Loans plus the aggregate amount of the then outstanding LOC Obligations plus the aggregate amount of then outstanding Swingline Loans. Any
reduction in (or termination of) the Revolving Committed Amount shall be permanent and may not be reinstated. 

  
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Midstream Operating, LP 
 Amended and Restated Credit Agreement 

  
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 2.8 Swingline
Loans. 
 (a) Swingline Commitment. Subject to the terms and conditions herein, the Swingline
Lender, in its individual capacity, agrees to make loans to the Borrower in Dollars, at any time and from time to time, during the period from the Effective Date to the Revolver Maturity Date (each a “Swingline Loan” and
collectively, the “Swingline Loans”); provided, however, that (a) the sum of the aggregate amount of Swingline Loans outstanding plus Revolving Loans outstanding plus LOC Obligations outstanding shall not exceed the Revolving
Committed Amount and (b) the aggregate amount of Swingline Loans outstanding at any one time shall not exceed the Swingline Committed Amount. Subject to the terms and conditions of the Credit Agreement, the Borrower may borrow, repay and
reborrow Swingline Loans. 
 (b) Notice of Borrowing and Funding. By no later than 1:00 p.m. on the date
of the requested borrowing of Swingline Loans, the Borrower shall submit a written Notice of Borrowing in the form of Exhibit 2.3 to the Agent setting forth (i) the amount requested, (ii) certification that the Borrower has
complied in all respects with Section 5.2 and (iii) whether such Swingline Loans shall be Base Rate Loans or LIBOR Market Index Rate Loans. Swingline Loan borrowings shall be made in minimum amounts of $500,000 and in integral amounts of
$100,000 in excess thereof. The amount of the requested Swingline Loans will then be made available to the Borrower by the Swingline Lender by crediting the account of the Borrower on the books of such office of the Agent. 

(c) Repayment of Swingline Loans. Each Swingline Loan borrowing that is a Base Rate Loan shall be due and payable
on the Revolver Maturity Date. Each Swingline Loan borrowing that is a LIBOR Market Index Rate Loan shall be due and payable on the earlier of (A) the Revolver Maturity Date and (B) fourteen days after the date such Swingline Loan is made.
Swingline Loans that are LIBOR Market Index Rate Loans may not be refinanced with the proceeds of Swingline Loans that are LIBOR Market Index Rate Loans. The Swingline Lender may, at any time, in its sole discretion, by written notice to the
Borrower, demand repayment of its Swingline Loans by way of a Revolving Loan borrowing, in which case the Borrower shall be deemed to have requested a Revolving Loan borrowing comprised entirely of Base Rate Loans in the amount of such Swingline
Loans; provided, however, that, in the following circumstances, any such demand shall also be deemed to have been given one (1) Business Day prior to each of (i) the Revolver Maturity Date, (ii) the occurrence of any
Event of Default described in Section 9.1(e), (iii) upon acceleration of the Obligations hereunder, whether on account of an Event of Default described in Section 9.1(e) or any other Event of Default, (iv) the exercise of
remedies in accordance with the provisions of Section 9.2 hereof and (v) with respect to any LIBOR Market Index Rate Loan, the fourteenth day after the making of such Loan to the extent such Loan is not repaid sooner (each such Revolving
Loan borrowing made on account of any such deemed request therefor as provided herein being hereinafter referred to as a “Mandatory Swingline Borrowing”). Each Lender hereby irrevocably agrees to make such Revolving Loans on the day
such notice is received by the Lenders from the Agent if such notice is received at or before 2:00 p.m., otherwise such payment shall be made at or before 12:00 noon on the Business Day next succeeding the day such notice is received, in the amount
and in the manner specified in the preceding sentence notwithstanding (A) the amount of the Mandatory Swingline Borrowing may not comply with the minimum amount for borrowings of Revolving Loans otherwise required hereunder,
(B) whether any conditions specified in Section 5.2 are then satisfied, (C) whether a Default or an Event of Default then exists, (D) failure of any such request or deemed request for Revolving Loans to be made by the time
otherwise required in Section 2.3, (E) the date of such Mandatory Swingline Borrowing, or (F) any reduction in the Revolving Committed Amount or termination of the Commitments with respect to Revolving Loans immediately prior to such
Mandatory Swingline Borrowing or contemporaneously therewith. In the event that any Mandatory Swingline Borrowing cannot for any reason be made on the date otherwise required above (including, without limitation, as a result of the commencement of a
proceeding under the Bankruptcy Code), then each Lender hereby agrees that it shall forthwith purchase (as of the date the Mandatory Swingline Borrowing would otherwise have occurred, but adjusted for any payments received from the Borrower on or
after such date and prior to such purchase) from the Swingline Lender such Participation Interests in the outstanding Swingline Loans as shall be necessary to cause each such Lender to share in such Swingline Loans ratably based upon its respective
Commitment Percentage (determined before giving effect to any termination of the Commitments pursuant to Section 9.2); provided that (x) all interest payable on the Swingline Loans shall be for the account of the Swingline Lender
until the date as of which the respective Participation Interests is purchased, and (y) at the time any purchase of Participation Interests pursuant to this sentence is actually made, the purchasing Revolving Lender shall be required to pay to
the Swingline Lender interest on the principal amount of such Participation Interests purchased for each day from and including the day upon which the Mandatory Swingline Borrowing would otherwise have occurred to but excluding the date of payment
for such participation, at the rate equal to, if paid within two (2) Business Days of the date of the Mandatory Swingline Borrowing, the Federal Funds Effective Rate, and thereafter at a rate equal to the Base Rate. 

  
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Midstream Operating, LP 
 Amended and Restated Credit Agreement 

  
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 2.9 Notes.

 (a) The Revolving Loans made by a Lender, upon request of such Lender, shall be evidenced by a duly
executed promissory note of the Borrower payable to such Lender in substantially the form of Exhibit 2.9(a) (the “Revolving Notes”). 

(b) The Term Loans made by a Lender, upon request of such Lender, shall be evidenced by a duly executed promissory note of
the Borrower payable to such Lender in substantially the form of Exhibit 2.9(b) (the “Term Loan Notes”). 
 (c) The Swingline Loans made by the Swingline Lender, upon request of the Swingline Lender, shall be evidenced by a promissory note of the Borrower payable to the Swingline Lender in substantially the
form of Exhibit 2.9(c) (the “Swingline Loan Note”). 
 2.10 Increases in Revolving Committed
Amount. 
 (a) Requested Increases. The Borrower shall have the right, prior to the
Revolver Maturity Date and with the consent of the Agent and the Issuing Lenders (such consent not to be unreasonably withheld), from time to time during the term of this Credit Agreement, and subject to the terms and conditions set forth below, to
increase the aggregate amount of the Revolving Committed Amount; provided that (i) no Default or Event of Default shall exist at the time of the request or the proposed increase in the Revolving Committed Amount; (ii) such increase must be
in a minimum amount of $10,000,000 and in integral multiples of $1,000,000 above such amount, (iii) the Revolving Committed Amount shall not be increased pursuant to this Section 2.10(a) to an amount that, when added to the total amount of
Term Loans outstanding on the effective date of such increase, would be greater than ONE BILLION DOLLARS ($1,000,000,000), (iv) no individual Lender’s Commitment may be increased without such Lender’s written consent, (v) the
Borrower shall execute and deliver such Revolving Note(s) as are necessary to reflect the increase in the Revolving Committed Amount, (vi) Schedule 1.1 shall be amended to reflect the revised Revolving Committed Amount and revised
Commitments and Commitment Percentages of the Lenders and (vii) if any Revolving Loans are outstanding at the time of an increase in the Revolving Committed Amount, the Borrower will prepay (provided that any such prepayment shall be subject to
Section 4.3) one or more existing Revolving Loans in an amount necessary such that after giving effect to the increase in the Revolving Committed Amount each Lender will hold its Commitment Percentage (based on its share of the revised
Revolving Committed Amount) of outstanding Revolving Loans. 

  
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Midstream Operating, LP 
 Amended and Restated Credit Agreement 

  
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 Any
such increase in the Revolving Committed Amount shall apply, at the option of the Borrower, to (x) the Commitment with respect to Revolving Loans of one or more existing Lenders; provided that any Lender whose Commitment is being increased must
consent in writing thereto and/or (y) the creation of a new Commitment with respect to Revolving Loans to one or more institutions that is not an existing Lender; provided that any such institution (A) must conform to the definition of
Eligible Assignee, (B) must have a Commitment with respect to Revolving Loans of at least $10,000,000 unless otherwise agreed to by the Agent and the Borrower and (C) must become a Lender under this Credit Agreement by execution and
delivery of an appropriate joinder agreement or of counterparts to this Credit Agreement in a manner acceptable to the Borrower and the Agent. 
 (b) Automatic Increases. The Revolving Committed Amount shall be automatically increased from time to time in accordance with Section 3.2(a)(iii). The Commitments for any such increase shall
be provided pro rata by the Lenders under the applicable Term Loan, the prepayment of which gave rise to such increase pursuant to Section 3.2(a)(iii). Upon any such increase, (i) Schedule 1.1 shall be amended to reflect the revised
Revolving Committed Amount and the revised Commitments of the Lenders providing the additional Commitments for such increase and (ii) the Borrower will prepay (provided that any such prepayment shall be subject to Section 4.3) one or more
existing Revolving Loans in an amount necessary such that after giving effect to the increase in the Revolving Committed Amount each Lender will hold its Commitment Percentage (as revised due to the increase in the Revolving Committed Amount) of
outstanding Revolving Loans. 
 2.11 Extension of Revolver Maturity Date. 

(a) Requests for Extension. The Borrower may from time to time, during the term of this Credit Agreement, by notice
to the Agent (who shall promptly notify the Lenders) not earlier than 60 days and not later than 30 days prior to any anniversary of the Closing Date that occurs prior to the Revolver Maturity Date, request on more than one occasion that each
Revolving Lender consent to extend the Revolver Maturity Date for an additional one year from the Revolver Maturity Date then in effect hereunder (the “Existing Maturity Date”). 

(b) Lender Elections to Extend. Each Revolving Lender, acting in its sole and individual discretion, shall, by
notice to the Agent given not later than the date (the “Notice Date”) that is 15 days prior to the applicable anniversary of the Closing Date, advise the Agent whether or not such Revolving Lender agrees to such extension (and each
Revolving Lender that determines not to so extend its Revolver Maturity Date (a “Non-Extending Lender”) shall notify the Agent of such fact promptly after such determination (but in any event no later than the Notice Date) and any
Revolving Lender that does not so advise the Agent on or before the Notice Date shall be deemed to be a Non-Extending Lender. The election of any Revolving Lender to agree to such extension shall not obligate any other Revolving Lender to so agree.

 (c) Notification by Agent. The Agent shall notify the Borrower of each Revolving Lender’s
determination under this Section no later than the date 15 days prior to the applicable anniversary of the Closing Date (or, if such date is not a Business Day, on the next preceding Business Day). 

  
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Midstream Operating, LP 
 Amended and Restated Credit Agreement 

  
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 (d)
Additional Commitment Lenders. The Borrower shall have the right on or before the applicable anniversary of the Closing Date to replace each Non-Extending Lender with one or more institutions (each, an “Additional Commitment
Lender”) (i) that are existing Lenders (and, if any such Additional Commitment Lender is already a Lender, its Commitment with respect to Revolving Loans shall be in addition to such Lender’s Commitment hereunder on such date) or
(ii) that are not existing Lenders; provided that any such institution (A) must conform to the definition of Eligible Assignee, (B) must be acceptable to the Agent (which approval shall not be unreasonably withheld or delayed)
and (C) must become a Lender under this Credit Agreement by execution and delivery of an appropriate joinder agreement or of counterparts to this Credit Agreement in a manner acceptable to the Borrower and the Agent. 

(e) Minimum Extension Requirement. If (and only if) the total of the Commitments with respect to Revolving Loans of
the Revolving Lenders that have agreed so to extend the Revolver Maturity Date and the additional Commitments with respect to Revolving Loans of the Additional Commitment Lenders shall be at least 51% of the aggregate amount of the Revolving
Committed Amount in effect immediately prior to the applicable anniversary of the Closing Date, then, effective as of the applicable anniversary of the Closing Date, the Revolver Maturity Date shall be extended to the date falling one year after the
Existing Maturity Date (except that, if such date is not a Business Day, such Revolver Maturity Date as so extended shall be the next preceding Business Day) and each Additional Commitment Lender shall thereupon become a “Lender” for all
purposes of this Agreement. 
 (f) Conditions to Effectiveness of Extensions. Notwithstanding the
foregoing, the extension of the Revolver Maturity Date pursuant to this Section shall not be effective unless: 
 (i) no Default or Event of Default shall have occurred and be continuing on the date of such extension and after giving effect thereto; 

(ii) the representations and warranties contained in this Credit Agreement are true and correct on and as of the date of
such extension and after giving effect thereto, as though made on and as of such date (or, if any such representation or warranty is expressly stated to have been made as of a specific date, as of such specific date); 

(iii) with respect to each Non-Extending Lender, on the Revolver Maturity Date (as in effect prior to such extension), the
Borrower shall prepay (provided that any such prepayment shall be subject to Section 4.3) all Obligations owing to such Non-Extending Lender and the Revolving Committed Amount shall be reduced by an amount equal to such Non-Extending
Lender’s Commitment with respect to Revolving Loans; 
 (iv) on the Revolver Maturity Date (as in effect
prior to such extension), the Borrower shall prepay (provided that any such prepayment shall be subject to Section 4.3) one or more existing Revolving Loans in an amount necessary such that, after giving effect to the extension of the Revolver
Maturity Date, each Lender will hold its pro rata share (based on its share of the revised Revolving Committed Amount) of outstanding Revolving Loans; 
 (v) on the Revolver Maturity Date (as in effect prior to such extension), the Borrower shall prepay (provided that any such prepayment shall be subject to Section 4.3) one or more existing Revolving
Loans or cash collateralize Letters of Credit in an amount necessary such that, after giving effect to the extension of the Revolver Maturity Date, the aggregate amount of LOC Obligations outstanding plus Revolving Loans outstanding shall not exceed
the Revolving Committed Amount; and 

  
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 (vi)
since the date of the most recent annual audited financial statements delivered pursuant to Section 7.1(a), no event or condition shall have occurred on or before the date of such extension that would have or would be reasonably expected to
have a Material Adverse Effect. 
 (g) Conflicting Provisions. This Section shall supersede any
provisions in Section 3.3 to the contrary. 
 SECTION 3. 

PAYMENTS 

3.1 Interest. 
 (a) Interest Rate. 
 (i) All Base Rate Loans and all
Swingline Loans shall accrue interest at the Adjusted Base Rate. 
 (ii) All Eurodollar Loans shall accrue
interest at the Adjusted Eurodollar Rate applicable to such Eurodollar Loan. 
 (iii) All LIBOR Market Index Rate
Loans shall accrue interest at the Adjusted LIBOR Market Index Rate. 
 (b) Default Rate of Interest. Upon
the occurrence, and during the continuation, of an Event of Default, all past due principal of and, to the extent permitted by law, past due interest on, the Loans and any other past due amounts owing hereunder or under the other Credit Documents
shall bear interest, payable on demand, at a per annum rate equal to one percent (1%) plus the rate which would otherwise be applicable (or if no rate is applicable, then the rate for Loans that are Base Rate Loans plus one percent (1%)
per annum). 
 (c) Interest Payments. Interest on Loans shall be due and payable in arrears on each
Interest Payment Date. 
 3.2 Prepayments. 

(a) Voluntary Prepayments. The Borrower shall have the right to prepay Loans in whole or in part from time to time
without premium or penalty; provided, however, that (i) Eurodollar Loans may only be prepaid on three Business Days’ prior written notice to the Agent and any prepayment of Eurodollar Loans will be subject to Section 4.3;
(ii) each such partial prepayment of Revolving Loans shall be in the minimum principal amount of $10,000,000 and each such partial prepayment of Term Loans shall be in the minimum principal amount of $1,000,000; (iii) any voluntary
prepayment of a Term Loan in connection with a Permitted Acquisition or capital expenditure shall cause the Revolving Committed Amount to be increased in the same dollar amount of such prepayment and shall be subject to Section 2.10(b); and
(iv) any prepayment of the Term Loans shall be applied first to the Term Loan A2, second to the Term Loan A3 and thereafter to any additional term loans incurred pursuant to Section 2.1(b)(iii) hereof in the direct order in which such term
loans were incurred. Any prepayments made under this Section 3.2(a) shall be applied first to LIBOR Market Index Rate Loans in the direct order such Loans were incurred, next to Base Rate Loans and then to Eurodollar Loans in direct order of
Interest Period maturities and shall be subject to Section 4.3. The increase in the Revolving Committed Amount pursuant to this clause (a) may, upon request of the Borrower, occur concurrently with the prepayment of the Term Loans.

  
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 (b)
Mandatory Prepayments. If at any time the amount of Revolving Loans outstanding plus Swingline Loans outstanding plus the aggregate amount of LOC Obligations outstanding exceeds the Revolving Committed Amount, the Borrower shall immediately
make a principal payment to the Agent in a manner and in an amount necessary to be in compliance with Sections 2.1(a), 2.2 and 2.8 and as directed by the Agent. All amounts required to be paid pursuant to this Section 3.2(b) shall be
(A) applied first to Swingline Loans (first to LIBOR Market Index Rate Loans in the direct order such Loans were incurred and then to Base Rate Loans), then to Revolving Loans (first to Base Rate Loans and then to Eurodollar Loans in the direct
order of Interest Period maturities) and then to a cash collateral account in respect of LOC Obligations and (B) subject to Section 4.3. 
 3.3 Payment of Loans in full at Maturity. 
 On the
applicable Maturity Date, the entire outstanding principal balance of all applicable Loans, together with accrued but unpaid interest and all other sums owing under this Credit Agreement, shall be due and payable in full, unless accelerated sooner
pursuant to Section 9.2. 
 3.4 Fees. 

(a) Facility Fees. The Borrower shall pay to the Agent, for the pro rata benefit of the
Lenders, a facility fee (the “Facility Fee”) equal to the Applicable Margin for Facility Fees times the actual daily amount of Revolving Committed Amount (or, if the Commitments with respect to Revolving Loans have
terminated, on the outstanding amount of all Revolving Loans, Swingline Loans and LOC Obligations), regardless of usage. The Facility Fee shall accrue at all times during the period beginning on the Effective Date and ending on the Revolver Maturity
Date (and thereafter so long as any Revolving Loans, Swingline Loans or LOC Obligations remain outstanding), including at any time during which one or more of the conditions in Section 5.2 is not met, and shall be due and payable quarterly in
arrears on the15th day following the last day of each
calendar quarter for the prior calendar quarter, commencing with the first such date to occur after the Closing Date, and on the Revolver Maturity Date (and, if applicable, thereafter on demand). The Facility Fee shall be calculated quarterly in
arrears, and if there is any change in the Applicable Margin for Facility Fees during any quarter, the actual daily amount shall be computed and multiplied by the Applicable Margin for Facility Fees separately for each period during such quarter
that such Applicable Margin for Facility Fees was in effect. 
 (b) Letter of Credit Fees. 

(i) Letter of Credit Fees. In consideration of the issuance of Letters of Credit hereunder, the
Borrower agrees to pay to the Agent, for the pro rata benefit of each Revolving Lender, a per annum fee equal to the Applicable Margin for Eurodollar Loans in effect from time to time on the aggregate stated amount for each Letter of Credit from the
date of issuance to the date of expiration (the “Letter of Credit Fees”). The accrued Letter of Credit Fees shall be due and payable in arrears on the 15th day after the end of each calendar quarter of the Borrower (as well as on the Revolver Maturity Date) for the
immediately preceding calendar quarter (or portion thereof), beginning with the first of such dates to occur after the Closing Date. 

  
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 (ii) Issuing Lender Fees. In addition to the Letter of Credit Fees payable pursuant to subsection (i) above, the Borrower shall pay to the applicable Issuing Lender for its own account,
without sharing by the other Lenders, (A) if the applicable Issuing Lender is Wachovia Bank, National Association, a fee equal to one-eighth of one percent (.125%) per annum or (B) if the applicable Issuing Lender is any other Lender, such
other rate as agreed to between such Issuing Lender and the Borrower, in each case on the total sum of all Letters of Credit issued by the applicable Issuing Lender and outstanding during the applicable period and (C) the customary charges from
time to time to the applicable Issuing Lender for its services in connection with the issuance, amendment, payment, transfer, administration, cancellation and conversion of, and drawings under, such Letters of Credit (collectively, the
“Issuing Lender Fees”). The accrued Issuing Lender Fees shall be due and payable in arrears on the
15th day following the last day of each calendar quarter
of the Borrower (as well as on the Revolver Maturity Date) for the immediately preceding calendar quarter (or portion thereof), beginning with the first of such dates to occur after the Closing Date. 

(c) Utilization Fees. 
 (i) If on any day the aggregate outstanding principal amount of all Revolving Loans, Swingline Loans and LOC Obligations exceeds the product of (A) fifty percent (50%) times
(B) (1) the Revolving Committed Amount plus (2) the aggregate amount of Commitments and Loans outstanding under the Term Loans, the Borrower agrees to pay to the Agent, for the pro rata benefit of each Revolving Lender, a per
annum fee equal to Applicable Margin for Utilization Fees multiplied by the Utilized Revolving Loan Commitment (the “Utilization Fees”). 

(ii) The accrued Utilization Fees shall be due and payable in arrears on the 15th day following the last day of each calendar quarter of the Borrower
for the immediately preceding calendar quarter (or portion thereof), beginning with the first of such dates to occur after the Closing Date. 
 (d) Administrative Fee. The Borrower agrees to pay to the Agent the annual administrative fee as described in the Fee Letter. 

(e) Commitment Fees. 
 (i) The Borrower shall pay to the Agent, for the pro rata benefit of the applicable Lenders, a commitment fee (the “Term Loan A2 Commitment Fee”) in an amount equal to 0.05% per
annum on (A) the Term Loan A2 Committed Amount minus (B) the aggregate amount of the outstanding borrowings under the Term Loan A2 (computed on the basis of the actual number of days elapsed over a 360-day year). The Term Loan A2
Commitment Fee shall accrue from September 30, 2007 to, and shall be payable in full to the Agent on, the earliest to occur of (1) the Term Loan A2 Commitment Termination Date, (2) the second Term Loan A2 Funding Date, (3) the
date upon which the full amount of the Term Loan A2 has been drawn or (4) any other date upon which the commitments of the Lenders to make loans under the Term Loan A2 expire or terminate, regardless of whether any drawing has occurred
thereunder. 

  
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 (ii)
The Borrower shall pay to the Agent, for the pro rata benefit of the applicable Lenders, a commitment fee (the “Term Loan A3 Commitment Fee”) in an amount equal to 0.05% per annum on (A) the Term Loan A3 Committed Amount
minus (B) the aggregate amount of the outstanding borrowings under the Term Loan A3 (computed on the basis of the actual number of days elapsed over a 360-day year). The Term Loan A3 Commitment Fee shall accrue from September 30,
2007 to, and shall be payable in full to the Agent on, the earliest to occur of (1) the Term Loan A3 Commitment Termination Date, (2) the second Term Loan A3 Funding Date, (3) the date upon which the full amount of the Term Loan A3
has been drawn or (4) any other date upon which the commitments of the Lenders to make the loans under the Term Loan A3 expire or terminate, regardless of whether any drawing has occurred thereunder. 

3.5 Place and Manner of Payments. 
 All payments of principal, interest, fees, expenses and other amounts to be made by the Borrower under this Credit Agreement shall be made without setoff, deduction or counterclaim and received not later
than 2:00 p.m. on the date when due in Dollars and in immediately available funds by the Agent at the Agency Services Address. The Borrower shall, at the time it makes any payment under this Credit Agreement, specify to the Agent the Loans,
Letters of Credit, fees or other amounts payable by the Borrower hereunder to which such payment is to be applied (and in the event that it fails to specify, or if such application would be inconsistent with the terms hereof, the Agent shall
distribute such payment to the Lenders in such manner as it reasonably determines in its sole discretion). The Agent will distribute such payments to the applicable Lenders on the same Business Day if any such payment is received prior to
2:00 p.m.; otherwise the Agent will distribute each payment to the applicable Lenders prior to 12:00 noon on the next succeeding Business Day. Whenever any payment hereunder shall be stated to be due on a day which is not a Business Day, the
due date thereof shall be extended to the next succeeding Business Day (subject to accrual of interest and fees for the period of such extension), except that in the case of Eurodollar Loans, if the extension would cause the payment to be made in
the next following calendar month, then such payment shall be made on the next preceding Business Day. 
 3.6 Pro Rata
Treatment. 
 (a) Loans/Fees. Except to the extent otherwise provided herein, all borrowing of
Revolving Loans (including each Mandatory Borrowing) and Term Loans, each payment or prepayment of principal of any Revolving Loan or Term Loan, each payment of interest on the Revolving Loans or Term Loans, each payment of Facility Fees and
Utilization Fees, each payment of Letter of Credit Fees, each reduction of the Revolving Committed Amount and each conversion or continuation of any Revolving Loan or Term Loan, shall be allocated pro rata among the Lenders in accordance with their
respective Commitment Percentages; provided, that, if any Lender shall have failed to pay its applicable pro rata share of any Loan, then any amount to which such Lender would otherwise be entitled pursuant to this Section 3.6 shall
instead be payable to the Agent until the share of such Loan not funded by such Lender has been repaid and any interest owed by such Lender as result of such failure to fund has been paid; and provided, further, that in the event any
amount paid to any Lender pursuant to this Section 3.6 is rescinded or must otherwise be returned by the Agent, each Lender shall, upon the written request of the Agent, repay to the Agent the amount so paid to such Lender, with interest for
the period commencing on the date such payment is returned by the Agent until the date the Agent receives such repayment at a rate per annum equal to, during the period to but excluding the date two Business Days after such request, the Federal
Funds Rate, and thereafter, the Base Rate plus one percent (1%) per annum. 

  
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 (b)
Letters of Credit. Each payment of unreimbursed drawings in respect of LOC Obligations shall be allocated to each Lender pro rata in accordance with its Commitment Percentage; provided, that, if any Lender shall have failed to pay its
applicable pro rata share of any drawing under any Letter of Credit, then any amount to which such Lender would otherwise be entitled pursuant to this subsection (b) shall instead be payable to the applicable Issuing Lender; provided,
further, that in the event any amount paid to any Lender pursuant to this subsection (b) is rescinded or must otherwise be returned by the applicable Issuing Lender, each Lender shall, upon the written request of the applicable Issuing
Lender, repay to the Agent for the account of the applicable Issuing Lender the amount so paid to such Lender, with interest for the period commencing on the date such payment is returned by the applicable Issuing Lender until the date the
applicable Issuing Lender receives such repayment at a rate per annum equal to, during the period to but excluding the date two Business Days after such request, the Federal Funds Rate, and thereafter, the Base Rate plus one percent
(1%) per annum. 
 3.7 Computations of Interest and Fees. 

(a) Except for Base Rate Loans that are based upon the Prime Rate, on which interest shall be computed on the basis of a
365 or 366 day year as the case may be, all computations of interest and fees hereunder shall be made on the basis of the actual number of days elapsed over a year of 360 days. 

(b) It is the intent of the Lenders and the Credit Parties to conform to and contract in strict compliance with applicable
usury law from time to time in effect. All agreements between the Lenders and the Credit Parties are hereby limited by the provisions of this paragraph which shall override and control all such agreements, whether now existing or hereafter arising
and whether written or oral. In no way, nor in any event or contingency (including but not limited to prepayment or acceleration of the maturity of any obligation), shall the interest taken, reserved, contracted for, charged, or received under this
Credit Agreement, under the Notes or otherwise, exceed the maximum nonusurious amount permissible under applicable law. If, from any possible construction of any of the Credit Documents or any other document, interest would otherwise be payable in
excess of the maximum nonusurious amount, any such construction shall be subject to the provisions of this paragraph and interest owing pursuant to such documents shall be automatically reduced to the maximum nonusurious amount permitted under
applicable law, without the necessity of execution of any amendment or new document. If any Lender shall ever receive anything of value which is characterized as interest on the Loans under applicable law and which would, apart from this provision,
be in excess of the maximum lawful amount, an amount equal to the amount which would have been excessive interest shall, without penalty, be applied to the reduction of the principal amount owing on the Loans and not to the payment of interest, or
refunded to a Credit Party or the other payor thereof if and to the extent such amount which would have been excessive exceeds such unpaid principal amount of the Loans. The right to demand payment of the Loans or any other indebtedness evidenced by
any of the Credit Documents does not include the right to receive any interest which has not otherwise accrued on the date of such demand, and the Lenders do not intend to charge or receive any unearned interest in the event of such demand. All
interest paid or agreed to be paid to the Lenders with respect to the Loans shall, to the extent permitted by applicable law, be amortized, prorated, allocated, and spread throughout the full stated term (including any renewal or extension) of the
Loans so that the amount of interest on account of such indebtedness does not exceed the maximum nonusurious amount permitted by applicable law. 

  
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 3.8 Sharing of
Payments. 
 Each Lender agrees that, in the event that any Lender shall obtain payment in respect of any Loan, any
unreimbursed drawing with respect to any LOC Obligations or any other obligation owing to such Lender under this Credit Agreement through the exercise of a right of set-off, banker’s lien, counterclaim or otherwise (including, but not limited
to, pursuant to the Bankruptcy Code) in excess of its pro rata share as provided for in this Credit Agreement, such Lender shall promptly purchase from the other Lenders a participation in such Loans, LOC Obligations and other obligations, in such
amounts and with such other adjustments from time to time, as shall be equitable in order that all Lenders share such payment in accordance with their respective ratable shares as provided for in this Credit Agreement. Each Lender further agrees
that if a payment to a Lender (which is obtained by such Lender through the exercise of a right of set-off, banker’s lien, counterclaim or otherwise) shall be rescinded or must otherwise be restored, each Lender which shall have shared the
benefit of such payment shall, by repurchase of a participation theretofore sold, return its share of that benefit to each Lender whose payment shall have been rescinded or otherwise restored. The Borrower agrees that any Lender so purchasing such a
participation may, to the fullest extent permitted by law, exercise all rights of payment, including set-off, banker’s lien or counterclaim, with respect to such participation as fully as if such Lender were a holder of such Loan or other
obligation in the amount of such participation. Except as otherwise expressly provided in this Credit Agreement, if any Lender shall fail to remit to the Agent or any other Lender an amount payable by such Lender to the Agent or such other Lender
pursuant to this Credit Agreement on the date when such amount is due, such payments shall accrue interest thereon, for each day from the date such amount is due until the day such amount is paid to the Agent or such other Lender, at a rate per
annum equal to the Federal Funds Rate. If under any applicable bankruptcy, insolvency or other similar law, any Lender receives a secured claim in lieu of a setoff to which this Section 3.8 applies, such Lender shall, to the extent practicable,
exercise its rights in respect of such secured claim in a manner consistent with the rights of the Lenders under this Section 3.8 to share in the benefits of any recovery on such secured claim. 

3.9 Evidence of Debt. 
 (a) Each Lender shall maintain an account or accounts evidencing each Loan made by such Lender to the Borrower from time to time, including the amounts of principal and interest payable and paid to such
Lender from time to time under this Credit Agreement. Each Lender will make reasonable efforts to maintain the accuracy of its account or accounts and to promptly update its account or accounts from time to time, as necessary. 

(b) The Agent shall maintain the Register pursuant to Section 11.3(c), and a subaccount for each Lender, in which
Register and subaccounts (taken together) shall be recorded (i) the amount, type and Interest Period of each such Loan hereunder, (ii) the amount of any principal or interest due and payable or to become due and payable to each Lender
hereunder and (iii) the amount of any sum received by the Agent hereunder from or for the account of the Borrower and each Lender’s share thereof. The Agent will make reasonable efforts to maintain the accuracy of the subaccounts referred
to in the preceding sentence and to promptly update such subaccounts from time to time, as necessary. 
 (c) The
entries made in the Register and subaccounts maintained pursuant to subsection (b) of this Section 3.9, and the entries made in the accounts maintained pursuant to subsection (a) of this Section 3.9, if consistent with the
entries of the Agent, shall be prima facie evidence of the existence and amounts of the obligations of the Borrower therein recorded; provided, however, that the failure of any Lender or the Agent to maintain any such account, such
Register or such subaccount, as applicable, or any error therein, shall not in any manner affect the obligation of the Borrower to repay the Loans made by such Lender in accordance with the terms hereof. 

  
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 SECTION 4.

 ADDITIONAL PROVISIONS 
 4.1 Eurodollar Loan Provisions. 
 (a)
Unavailability. If, on or prior to the first day of any Interest Period, (i) the Agent shall have determined in good faith (which determination shall be conclusive and binding upon the Borrower) that (A) Dollar deposits are not
generally available in the London interbank Eurodollar market in the applicable principal amounts and Interest Period of a requested Eurodollar Loan or (B) by reason of circumstances affecting the relevant market, adequate and reasonable means
do not exist for ascertaining the Eurodollar Rate for such Interest Period, or (ii) the Agent shall have received notice from the Required Lenders that the Eurodollar Rate determined or to be determined for such Interest Period will not
adequately and fairly reflect the cost to the Lenders of making or maintaining Eurodollar Loans for such Interest Period (as conclusively certified by such Lenders), the Agent shall give notice thereof to the Borrower and the Lenders as soon as
practicable thereafter. Upon delivery of such notice, (A) any Eurodollar Loans requested to be made on the first day of such Interest Period shall be made as Base Rate Loans, (B) any Loans that were to have been converted to or continued
as Eurodollar Loans shall be prepaid by the Borrower or converted to or continued as Base Rate Loans and (C) any outstanding Eurodollar Loans shall be converted, on the first day of such Interest Period, to Base Rate Loans. Until the Agent has
withdrawn such notice, no further Eurodollar Loans shall be made or continued as such, nor shall the Borrower have the right to convert Base Rate Loans to Eurodollar Loans. 

(b) Change in Legality. Notwithstanding any other provision herein, if any change, after the date hereof, in any
law, governmental rule, regulation, guideline or order (including the introduction of any new law or governmental rule, regulation, guideline or order) or in the interpretation or administration thereof by any Governmental Authority charged with the
interpretation or administration thereof shall make it unlawful for any Lender to make or maintain any Eurodollar Loan then, by written notice to the Borrower and to the Agent, such Lender may: 

(i) declare that Eurodollar Loans and conversions to or continuations of Eurodollar Loans, will not thereafter be made by
such Lender hereunder, whereupon any request by the Borrower for, or for conversion into or continuation of, Eurodollar Loans shall, as to such Lender only, be deemed a request for, or for conversion into or continuation of, Base Rate Loans, unless
such declaration shall be subsequently withdrawn; and 
 (ii) require that all outstanding Eurodollar Loans made
by it be converted to Base Rate Loans in which event all such Eurodollar Loans shall be converted to Base Rate Loans either (A) on the last day of the then current Interest Period applicable to such Eurodollar Loan if such Lender can lawfully
continue to maintain and fund such Eurodollar Loan or (B) immediately if such Lender shall determine that it may not lawfully continue to maintain and fund such Eurodollar Loan to such day. 

  
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 (c)
Requirements of Law. If at any time a Lender shall incur increased costs or reductions in the amounts received or receivable hereunder with respect to the making, the commitment to make or the maintaining of any Eurodollar Loan or of agreeing
to issue or participate in any Letters of Credit because of (i) any change after the date hereof in any law, governmental rule, regulation, guideline or order (including the introduction of any new law or governmental rule, regulation,
guideline or order) or in the interpretation or administration thereof by any Governmental Authority charged with the interpretation or administration thereof, including, without limitation, the imposition, modification or deemed applicability of
any reserves, deposits or similar requirements (such as, for example, but not limited to, a change in official reserve requirements) or (ii) other circumstances affecting the London interbank Eurodollar market; then the Borrower shall pay to
such Lender promptly upon written demand therefor, such additional amounts (in the form of an increased rate of, or a different method of calculating, interest or otherwise as such Lender may determine in its sole discretion) as may be required to
compensate such Lender for such increased costs or reductions in amounts receivable hereunder. If any Lender becomes entitled to claim any additional amounts pursuant to this Section 4.1(c), it shall provide prompt notice thereof to the
Borrower, through the Agent, certifying (A) that one of the events described in this Section 4.1(c) has occurred and describing in reasonable detail the nature of such event, (B) as to the increased cost or reduced amount resulting
from such event and (C) as to the additional amount demanded by such Lender and a reasonably detailed explanation of the calculation thereof; provided, that no such amount shall be payable with respect to any period commencing more than
90 days prior to the date such Lender first notifies the Borrower of its intention to demand compensation therefor under this Section. 
 (d) Regulation D Compensation. In the event that a Lender is required to maintain reserves of the type contemplated by the definition of “Eurodollar Reserve Percentage”, such
Lender may require the Borrower to pay, contemporaneously with each payment of interest on the Eurodollar Loans, additional interest on the related Eurodollar Loan of such Lender at a rate per annum determined by such Lender up to but not exceeding
the excess of (i)(A) the applicable London Interbank Offered Rate divided by (B) one minus the Eurodollar Reserve Percentage over (ii) the applicable London Interbank Offered Rate. Any Lender wishing to require payment of such
additional interest (x) shall so notify the Borrower and the Agent, in which case such additional interest on the Eurodollar Loans of such Lender shall be payable to such Lender at the place indicated in such notice with respect to each
Interest Period commencing at least three Business Days after the giving of such notice and (y) shall notify the Borrower at least three Business Days prior to each date on which interest is payable on the Eurodollar Loans of the amount then
due it under this Section. Each such notification shall be accompanied by such information as the Borrower may reasonably request. 
 Each determination and calculation made by a Lender under this Section 4.1 shall, absent manifest error, be binding and conclusive on the parties hereto. Any conversions of Eurodollar Loans made
pursuant to this Section 4.1 shall subject the Borrower to the payments required by Section 4.3 to the extent applicable. This Section shall survive termination of this Credit Agreement and the other Credit Documents and payment of
the Loans and all other amounts payable hereunder. 

  
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 4.2 Capital
Adequacy. 
 If any Lender has determined that the adoption or becoming effective, after the date hereof, of any
applicable law, rule or regulation regarding capital adequacy, or any change therein (after the date hereof), or any change in the interpretation or administration thereof by any Governmental Authority, central bank or comparable agency charged with
the interpretation or administration thereof, or compliance by such Lender (or its parent corporation) with any request or directive regarding capital adequacy (whether or not having the force of law) of any such Governmental Authority, central bank
or comparable agency, has or would have the effect of reducing the rate of return on such Lender’s (or parent corporation’s) capital or assets as a consequence of its commitments or obligations hereunder to a level below that which such
Lender (or its parent corporation) could have achieved but for such adoption, effectiveness, change or compliance (taking into consideration such Lender’s (or parent corporation’s) policies with respect to capital adequacy), then, upon
notice from such Lender (which shall include the basis and calculations in reasonable detail supporting the compensation requested in such notice), and receipt by the Borrower of such written notice from such Lender (with a copy to the Agent) the
Borrower shall be obligated to pay to such Lender such additional amount or amounts as will compensate such Lender on an after tax basis (after taking into account applicable deductions and credits in respect of the amount so indemnified) for such
reduction; provided, that no such amount shall be payable with respect to any period commencing more than 90 days prior to the date such Lender first notifies the Borrower of its intention to demand compensation therefor under this Section.
Each determination by any Lender of amounts owing under this Section 4.2 shall, absent manifest error, be conclusive and binding on the parties hereto. The covenants of this Section 4.2 shall survive termination of this Credit Agreement
and the other Credit Documents and the payment of the Loans and all other amounts payable hereunder. 
 4.3
Compensation. 
 The Borrower promises to indemnify each Lender and to hold each Lender harmless from any loss or
expense which such Lender may sustain or incur as a consequence of (a) default by the Borrower in making a borrowing of, conversion into or continuation of Eurodollar Loans after the Borrower has given a notice requesting the same in accordance
with the provisions of this Credit Agreement, (b) default by the Borrower in making any prepayment of a Eurodollar Loan after the Borrower has given a notice thereof in accordance with the provisions of this Credit Agreement, (c) the
making of a prepayment of Eurodollar Loans on a day which is not the last day of an Interest Period with respect thereto and (d) the payment, continuation or conversion of a Eurodollar Loan on a day which is not the last day of the Interest
Period applicable thereto or the failure to repay a Eurodollar Loan when required by the terms of this Credit Agreement. Such indemnification may include an amount equal to (i) an amount of interest calculated at the Eurodollar Rate which would
have accrued on the amount in question, for the period from the date of such prepayment or of such failure to borrow, convert, continue or repay to the last day of the applicable Interest Period (or, in the case of a failure to borrow, convert or
continue, the Interest Period that would have commenced on the date of such failure) in each case at the applicable rate of interest for such Eurodollar Loans provided for herein minus (ii) the amount of interest (as reasonably determined by
such Lender) which would have accrued to such Lender on such amount by placing such amount on deposit for a comparable period with leading banks in the interbank Eurocurrency market. If any Lender becomes entitled to claim any additional amounts
pursuant to this Section 4.3, it shall provide prompt notice thereof to the Borrower, through the Agent, as to the additional amount demanded by such Lender and a reasonably detailed explanation of the calculation thereof. The covenants in this
Section 4.3 shall survive the termination of this Credit Agreement and the payment of the Loans and all other amounts payable hereunder. 

  
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 4.4 Taxes.

 (a) Except as provided below in this Section 4.4, all payments made by the Borrower under this Credit
Agreement and any Notes shall be made free and clear of, and without deduction or withholding for or on account of, any present or future income, stamp or other taxes, levies, imposts, duties, charges, fees, deductions or withholdings, now or
hereafter imposed, levied, collected, withheld or assessed by any court, or governmental body, agency or other official, excluding taxes measured by or imposed upon the net income of any Lender or its applicable lending office, or any branch or
affiliate thereof, and all franchise taxes, branch taxes, taxes on doing business or taxes on the capital or net worth of any Lender or its applicable lending office, or any branch or affiliate thereof, in each case imposed in lieu of net income
taxes: (i) by the jurisdiction under the laws of which such Lender, applicable lending office, branch or affiliate is organized or is located, or in which its principal executive office is located, or any nation within which such jurisdiction
is located or any political subdivision thereof; or (ii) by reason of any connection between the jurisdiction imposing such tax and such Lender, applicable lending office, branch or affiliate other than a connection arising solely from such
Lender having executed, delivered or performed its obligations, or received payment under or enforced, this Credit Agreement or any Notes. If any such non-excluded taxes, levies, imposts, duties, charges, fees, deductions or withholdings
(“Non-Excluded Taxes”) are required to be withheld from any amounts payable to an Agent or any Lender hereunder or under any Notes, (A) the amounts so payable to the Agent or such Lender shall be increased to the extent
necessary to yield to the Agent or such Lender (after payment of all Non-Excluded Taxes) interest or any such other amounts payable hereunder at the rates or in the amounts specified in this Credit Agreement and any Notes; provided,
however, that the Borrower shall be entitled to deduct and withhold any Non- Excluded Taxes and shall not be required to increase any such amounts payable to any Lender that is not organized under the laws of the United States of America or a
state thereof if such Lender fails to comply with the requirements of paragraph (b) of this Section 4.4 whenever any Non-Excluded Taxes are payable by the Borrower, and (B) as promptly as possible after requested, the Borrower shall
send to the Agent for its own account or for the account of such Lender, as the case may be, a certified copy of an original official receipt received by the Borrower showing payment thereof. If the Borrower fails to pay any Non-Excluded Taxes when
due to the appropriate taxing authority or fails to remit to the Agent the required receipts or other required documentary evidence, the Borrower shall indemnify the Agent and any Lender for any incremental Non-Excluded Taxes, interest or penalties
that may become payable by the Agent or any Lender as a result of any such failure. The agreements in this Section 4.4 shall survive the termination of this Credit Agreement and the payment of the Loans and all other amounts payable hereunder.

 (b) Each Lender that is not incorporated under the laws of the United States of America or a state thereof
shall: 
  

	 	(i)	(A) on or before the date of any payment by the Borrower under this Credit Agreement or the Notes to such Lender, deliver to the Borrower and the Agent (x) two
duly completed copies of United States Internal Revenue Service Form W-8BEN or W-8ECI, or any successor applicable form, as the case may be, certifying that it is entitled to receive payments under this Credit Agreement and any Notes without
deduction or withholding of any United States federal income taxes and (y) an Internal Revenue Service Form W-8 or W-9, or successor applicable form, as the case may be, certifying that it is entitled to an exemption from United States
backup withholding tax; 

 (B) deliver to the Borrower and the Agent two further copies of any such form or
certification on or before the date that any such form or certification expires or becomes obsolete and after the occurrence of any event requiring a change in the most recent form previously delivered by it to the Borrower; and 

(C) obtain such extensions of time for filing and complete such forms or certifications as may reasonably be requested by the Borrower or
the Agent; or 

  
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 (ii) in
the case of any such Lender that is not a “bank” within the meaning of Section 881(c)(3)(A) of the Internal Revenue Code, (A) represent to the Borrower (for the benefit of the Borrower and the Agent) that it is not a bank within
the meaning of Section 881 (c)(3)(A) of the Internal Revenue Code, (B) agree to furnish to the Borrower, on or before the date of any payment by the Borrower, with a copy to the Agent, two accurate and complete original signed copies of
Internal Revenue Service Form W-8, or successor applicable form, certifying to such Lender’s legal entitlement at the date of such certificate to an exemption from U.S. withholding tax under the provisions of Section 881(c) of the
Internal Revenue Code with respect to payments to be made under this Credit Agreement and any Notes (and to deliver to the Borrower and the Agent two further copies of such form on or before the date it expires or becomes obsolete and after the
occurrence of any event requiring a change in the most recently provided form and, if necessary, obtain any extensions of time reasonably requested by the Borrower or the Agent for filing and completing such forms), and (C) agree, to the extent
legally entitled to do so, upon reasonable request by the Borrower, to provide to the Borrower (for the benefit of the Borrower and the Agent) such other forms as may be reasonably required in order to establish the legal entitlement of such Lender
to an exemption from withholding with respect to payments under this Credit Agreement and any Notes. 
 Notwithstanding the
above, if any change in treaty, law or regulation has occurred after the date such Person becomes a Lender hereunder which renders all such forms inapplicable or which would prevent such Lender from duly completing and delivering any such form with
respect to it and such Lender so advises the Borrower and the Agent, then such Lender shall be exempt from such requirements. Each Person that shall become a Lender or a participant of a Lender pursuant to Section 11.3 shall, upon the
effectiveness of the related transfer, be required to provide all of the forms, certifications and statements required pursuant to this subsection (b); provided, that in the case of a participant of a Lender, the obligations of such
participant of a Lender pursuant to this subsection (b) shall be determined as if the participant of a Lender were a Lender except that such participant of a Lender shall furnish all such required forms, certifications and statements to the
Lender from which the related participation shall have been purchased. 
 4.5 Replacement of Lenders. 

The Agent and each Lender shall use reasonable efforts to avoid or mitigate any increased cost or suspension of the availability of an
interest rate under Sections 4.1 through 4.4 above to the greatest extent practicable (including transferring the Loans to another lending office or Affiliate of a Lender) unless, in the opinion of the Agent or such Lender, such efforts would
be likely to have an adverse effect upon it. In the event a Lender makes a request to the Borrower for additional payments in accordance with Section 4.1, 4.2 or 4.4, or suspends Eurodollar Loans under Section 4.1, or does not
consent to a request to extent the Revolver Maturity Date pursuant to Section 2.11, or does not consent to any amendment hereto consented to by Required Lenders, then, provided that no Default or Event of Default has occurred and is continuing
at such time, the Borrower may, at its own expense (such expense to include any transfer fee payable to the Agent under Section 11.3(b) and any expense pursuant to Section 4) and in its sole discretion, require such Lender to transfer and
assign in whole (but not in part), without recourse (in accordance with and subject to the terms and conditions of Section 11.3(b)), all of its interests, rights and obligations under this Credit Agreement to an Eligible Assignee which shall
assume such assigned obligations (which assignee may be another Lender, if a Lender accepts such assignment); provided, that (a) such assignment shall not conflict with any law, rule or regulation or order of any court or other
Governmental Authority and (b) the Borrower or such assignee shall have paid to the assigning Lender in immediately available funds the principal of and interest accrued to the date of such payment on the portion of the Loans hereunder held by
such assigning Lender and all other amounts owed to such assigning Lender hereunder, including amounts owed pursuant to Sections 4.1 through 4.4. 

  
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 SECTION 5.

 CONDITIONS PRECEDENT 
 5.1 Closing Conditions. 
 The obligation of the Lenders to enter into
this Credit Agreement is subject to satisfaction (or waiver) of the following conditions: 
 (a) Executed
Credit Documents. Receipt by the Agent of duly executed copies of (i) this Credit Agreement, (ii) the Notes, (iii) the Collateral Documents and (iv) all other Credit Documents, each in form and substance acceptable to the
Lenders. 
 (b) Organizational Documents. Receipt by the Agent of the following: 

(i) Partnership Documents. With respect to each Credit Party that is a partnership, a copy of the partnership
agreement of such Credit Party, together with all amendments thereto certified to be true and complete by the appropriate Governmental Authority of the State of organization of such Credit Party and certified by an Authorized Officer of such Credit
Party to be true and correct as of the Effective Date. 
 (ii) Limited Liability Company Documents. With
respect to each Credit Party that is a limited liability company, the following: 
 (A) Certificate of
Formation. A copy of the certificate of formation of such Credit Party certified to be true and complete by the appropriate Governmental Authorities of the State of organization of such Credit Party and certified by an Authorized Officer of such
Credit Party to be true and correct as of the Effective Date. 
 (B) LLC Agreement. A copy of the LLC
Agreement of such Credit Party certified by an Authorized Officer of such Credit Party to be true and correct as of the Effective Date. 
 (iii) Corporate Documents. With respect to each Credit Party that is a corporation, the following: 
 (A) Charter Documents. Copies of the articles or certificates of incorporation or other charter documents of such Credit Party certified to be true and complete as of a recent date by the
appropriate Governmental Authorities of the state of its incorporation and certified by an Authorized Officer of such Credit Party to be true and correct as of the Effective Date. 

(B) Bylaws. A copy of the bylaws of such Credit Party certified an Authorized Officer of such Credit Party to be true and
correct as of the Effective Date. 

  
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 (iv)
Resolutions. Copies of resolutions, as appropriate, approving and adopting the Credit Documents to which each Credit Party is a party, the transactions contemplated therein and authorizing execution and delivery thereof and certified by an
Authorized Officer of the Borrower to be in full force and effect as of the Effective Date. 
 (v) Good
Standing. Copies of certificates of good standing, existence or their equivalent with respect to each Credit Party certified as of a recent date by the appropriate Governmental Authorities of the State of organization of such Credit Party.

 (vi) Incumbency. An incumbency certificate certified by an Authorized Officer of the applicable Credit
Parties to be true and correct as of the Effective Date. 
 (c) Opinion of Counsel. Receipt by the Agent
of an opinion from legal counsel to the Credit Parties, addressed to the Agent on behalf of the Lenders and dated as of the Effective Date, in form and substance satisfactory to the Agent. 

(d) Financial Statements/Ownership Structure. Receipt and review, with results satisfactory to the Agent and the
Lenders, of information regarding the Credit Parties, their assets and their ownership structure, including, but not limited to, (A) copies of satisfactory audited consolidated financial statements for the Parent and its Subsidiaries for the
fiscal year ended December 31, 2006 and interim unaudited financial statements for each quarterly period ended since the last audited financial statements for which financial statements are available, (B) selected projected annual
financial information related to the Borrower and certain acquisitions (which will not be inconsistent with information previously provided to the Agent) and (C) such other historical financial information regarding their business and assets as
reasonably requested. 
 (e) Fees and Expenses. Payment by the Borrower of all fees and expenses owed by
it to the Lenders, the Agent and the Co-Lead Arrangers, including, without limitation, payment to the Agent of the fees set forth in the Fee Letter. 
 (f) Litigation. As of the Closing Date, there shall be no material actions, suits, investigations or legal, equitable, arbitration or administrative proceedings pending or threatened against a
Credit Party which are likely to be decided adversely to such Credit Party and if so decided would have a Material Adverse Effect. 
 (g) Material Adverse Effect. As of the Closing Date, no event or condition shall have occurred since December 31, 2006 that would have or would be reasonably expected to have a Material
Adverse Effect. 
 (h) Certificate. The Agent shall have received a certificate or certificates executed
by an Approved Officer of the Parent, on behalf of the Credit Parties, as of the Closing Date stating that (i) each Credit Party is in compliance with all existing financial obligations, unless such non-compliance would not have a Material
Adverse Effect, (ii) no action, suit, investigation or proceeding is pending or, to such officer’s knowledge, threatened in any court or before any arbitrator or governmental instrumentality that purports to affect a Credit Party or any
transaction contemplated by the Credit Documents, if such action, suit, investigation or proceeding is likely to be adversely determined and if adversely determined would have a Material Adverse Effect, (iii) the financial statements delivered
to the Administrative Agent on or before the Closing Date were prepared in good faith and in accordance with GAAP, and all other information delivered to the Administrative Agent on or before the Closing Date was prepared in good faith,
(iv) all consents and approvals of board of directors, equity holders, general partners, Governmental Authorities and third parties necessary in connection with the Credit Documents have been obtained, and (v) immediately after giving
effect to this Credit Agreement, the other Credit Documents and all the transactions contemplated herein and therein to occur on such date, (A) no Default or Event of Default exists, (B) all representations and warranties contained herein
and in the other Credit Documents are true and correct in all material respects on and as of the date made and (C) the Credit Parties are in pro forma compliance with the initial financial covenant set forth in Section 7.10(a) (as
evidenced through detailed calculations of such financial covenant on a schedule to such certificate). 

  
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 (i)
Patriot Act. Receipt by the Agent on behalf of each Lender at least five (5) Business Days prior to the Closing Date of all documentation and other information requested by any Lender in order to comply with the requirements of
regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations. 
 (j) Account Designation Letter. Receipt by the Agent of an executed counterpart of the Account Designation Letter. 

(k) Minimum Commitments. The aggregate amount of Commitments of all Lenders on the Closing Date shall be not less
than $850,000,000. 
 (l) Existing Credit Agreement. All Indebtedness and other obligations under the
Existing Credit Agreement shall have been repaid in full and all commitments thereunder terminated. 
 (m)
Other. Receipt by the Lenders of such other documents, instruments, agreements or information as reasonably requested by any Lender. 
 5.2 Conditions to Loans and Issuances of Letters of Credit. 
 (a) In addition to the conditions precedent stated elsewhere herein, the Lenders shall not be obligated to make new Loans nor shall an Issuing Lender be required to issue, renew or extend a Letter of
Credit (and the Lenders shall not be obligated to participate in any Letter of Credit) unless: 
 (i)
Request. The Borrower shall have timely delivered (i) in the case of any new Revolving Loan or Term Loan borrowing, to the Agent, an appropriate Notice of Borrowing, duly executed and completed, by the time specified in Section 2.1,
(ii) in the case of any Letter of Credit, to the applicable Issuing Lender, an appropriate request for issuance of a Letter of Credit in accordance with the provisions of Section 2.2 and (iii) in the case of any Swingline Loan, to the
Swingline Lender, an appropriate Notice of Borrowing, duly executed and completed, by the time specified in Section 2.8. 
 (ii) Representations and Warranties. The representations and warranties made by the Credit Parties in this Credit Agreement are true and correct in all material respects at and as if made as of the
date of the funding of the Loans or the issuance, renewal or extension of the Letters of Credit, as applicable (except to the extent such representations and warranties expressly and exclusively relate to an earlier date in which case they shall be
true and correct in all material respects as of such earlier date). 
 (iii) No Default. No Default or
Event of Default shall exist or be continuing either prior to or after giving effect thereto. 

  
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 (iv)
Availability. Immediately after giving effect to the making of a Loan (and the application of the proceeds thereof) or to the issuance of a Letter of Credit, as the case may be, the amount of Loans and LOC Obligations outstanding shall not
exceed the maximum permitted by Sections 2.1, 2.2 and 2.8. 
 The delivery of each Notice of Borrowing and each
request for a Letter of Credit shall constitute a representation and warranty by the Borrower of the correctness of the matters specified in subsections (ii), (iii) and (iv) above. 

(b) In addition to the conditions precedent stated elsewhere herein, (i) the Lenders shall not be obligated to fund
Term Loan A2 borrowings unless the Agent shall have received Permitted Cash Collateral-A2 with a value of not less than the Required Collateral-A2 Amount after giving effect to such borrowing and (ii) the Lenders shall not be obligated to fund
Term Loan A3 borrowings unless the Agent shall have received Permitted Cash Collateral-A3 with a value of not less than the Required Collateral-A3 Amount after giving effect to such borrowing. 

SECTION 6. 

REPRESENTATIONS AND WARRANTIES 
 Each Credit Party hereby represents and warrants to each Lender that: 
 6.1
Organization and Good Standing. 
 Each Credit Party (a) is a limited partnership, limited liability company or a
corporation duly formed, validly existing and in good standing under the laws of the state of its formation, (b) is duly qualified and in good standing and authorized to do business in every jurisdiction where the failure to so qualify would
have a Material Adverse Effect and (c) has the requisite power and authority to own its properties and to carry on its business as now conducted and as proposed to be conducted. 

6.2 Due Authorization. 
 Each Credit Party (a) has the requisite power and authority to execute, deliver and perform this Credit Agreement and the other Credit Documents and to incur the obligations herein and therein
provided for and (b) has been authorized by all necessary corporate, partnership or limited liability company action to execute, deliver and perform this Credit Agreement and the other Credit Documents. 

6.3 No Conflicts. 
 Neither the execution and delivery of the Credit Documents, nor the consummation of the transactions contemplated herein and therein, nor performance of and compliance with the terms and provisions hereof
and thereof by any Credit Party will (a) violate or conflict with any provision of its organizational documents or bylaws, (b) materially violate, contravene or conflict with any law, regulation (including without limitation,
Regulation U or Regulation X), order, writ, judgment, injunction, decree or permit applicable to it, (c) materially violate, contravene or conflict with contractual provisions of, or cause an event of default under, any indenture,
loan agreement, mortgage, deed of trust, contract or other agreement or instrument to which it is a party or by which it may be bound or (d) result in or require the creation of any Lien upon or with respect to its properties other than the
Liens hereunder and under the Collateral Documents. 

  
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 6.4
Consents. 
 No consent, approval, authorization or order of, or filing, registration or qualification with, any court
or Governmental Authority or third party is required in connection with the execution, delivery or performance of this Credit Agreement or any of the other Credit Documents that has not been obtained. 

6.5 Enforceable Obligations. 
 This Credit Agreement and the other Credit Documents have been duly executed and delivered and constitute legal, valid and binding obligations of each Credit Party which is a party thereto enforceable
against such Credit Party in accordance with their respective terms, except as may be limited by bankruptcy or insolvency laws or similar laws affecting creditors’ rights generally or by general equitable principles. 

6.6 Financial Condition/Material Adverse Effect. 
 The financial statements delivered to the Lenders pursuant to Section 7.1(a) and (b): (i) have been prepared in accordance with GAAP (subject to the provisions of Section 1.3) and
(ii) present fairly the financial condition, results of operations and cash flows of the Parent and its Subsidiaries as of such date and for such periods (subject, in the case of interim statements, to normal year-end adjustments and the
absence of footnotes). Since the Effective Date, there has been no event or circumstance that, either individually or collectively, has had or would reasonably be expected to have a Material Adverse Effect; provided that, on and after the Investment
Grade Rating Date, Credit Parties make no further representation or warranty with respect to the foregoing. 
 6.7
Taxes. 
 Each Credit Party and each of its Subsidiaries has filed, or caused to be filed, all material tax returns
(federal, state, local and foreign) required to be filed and paid all amounts of taxes shown thereon to be due (including interest and penalties) and has paid all other taxes, fees, assessments and other governmental charges (including mortgage
recording taxes, documentary stamp taxes and intangibles taxes) owing by it, except (a) for such taxes which are not yet delinquent or that are being contested in good faith and by proper proceedings, and against which adequate reserves are
being maintained in accordance with GAAP or (b) where such nonfiling or nonpayment would not have a Material Adverse Effect. 
 6.8 Compliance with Law. 
 Each Credit Party and each of its
Subsidiaries is in compliance with all laws, rules, regulations, orders, decrees and requirements of Governmental Authorities applicable to it or to its properties (including, without limitation, ERISA, the Code and Environmental Laws), except where
the necessity of compliance therewith is being contested in good faith by appropriate proceedings or such failure to comply would not have or would not be reasonably expected to have a Material Adverse Effect. 

6.9 Use of Proceeds; Margin Stock. 
 The proceeds of the Loans hereunder will be used solely for the purposes specified in Section 7.7. None of such proceeds will be used for the purpose of (a) purchasing or carrying any
“margin stock” as defined in Regulation U or Regulation X, (b) for the purpose of reducing or retiring any Indebtedness which was originally incurred to purchase or carry “margin stock”, (c) for any other
purpose which might constitute this transaction a “purpose credit” within the meaning of Regulation U or Regulation X or (d) for the acquisition of another Person unless the board of directors (or other comparable governing
body) or stockholders, as appropriate, of such Person has approved such acquisition. 

  
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 6.10 Government
Regulation. 
 No Credit Party is an “investment company” registered or required to be registered under the
Investment Company Act of 1940, as amended, or controlled by such a company. 
 6.11 Solvency. 

Each Credit Party is and, after the consummation of the transactions contemplated by this Credit Agreement, will be Solvent. 

6.12 Environmental Matters. 
 Except as would not result or be reasonably expected to result in a Material Adverse Effect: (a) each of the properties of the Credit Parties (the “Properties”) and all operations at
the Properties are in compliance with all applicable Environmental Laws, (b) there is no violation of any Environmental Law with respect to the Properties or the businesses operated by the Credit Parties (the “Businesses”), and
(c) there are no conditions relating to the Businesses or Properties that would reasonably be expected to give rise to a liability under any applicable Environmental Laws. 

6.13 Subsidiaries. 
 Set forth on Schedule 6.13 is a complete and accurate list of all Credit Parties and their Subsidiaries, and the ownership of same, as such Schedule 6.13 may be updated from time to
time. 
 6.14 Litigation. 
 There are no actions, suits or legal, equitable, arbitration or administrative proceedings, pending or, to the knowledge of a Credit Party, threatened against such Credit Party which (a) are likely
to be decided adversely against such Credit Party and (b) if so decided would have or would reasonably be expected to have a Material Adverse Effect. 
 6.15 Collateral. 
 This Credit Agreement and the Collateral Documents
create valid security interests in, and Liens on, the Cash Collateral, which security interests and Liens are perfected first priority Liens prior to all other Liens. The value of the Permitted Cash Collateral is greater than or equal to the
Required Collateral Amount. 
 6.16 Material Contracts. 

Each Credit Party and each of its Subsidiaries is in compliance with all contracts necessary for the ongoing operation and business of
such Credit Party or Subsidiary in the ordinary course except where the failure to comply would not have or would not reasonably be expected to have a Material Adverse Effect. 

  
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 6.17
Anti-Terrorism Laws. 
 Neither any Credit Party nor any of its Subsidiaries is an “enemy” or an “ally
of the enemy” within the meaning of Section 2 of the Trading with the Enemy Act of the United States of America (50 U.S.C. App. §§ 1 et seq.), as amended. Neither any Credit Party nor any or its Subsidiaries is in violation of
(a) the Trading with the Enemy Act, as amended, (b) any of the foreign assets control regulations of the United States Treasury Department (31 CFR, Subtitle B, Chapter V, as amended) or any enabling legislation or executive order relating
thereto or (c) the Patriot Act (as defined in Section 11.17(b)). None of the Credit Parties (i) is a blocked person described in section 1 of the Anti-Terrorism Order or (ii) to the best of its knowledge, engages in any dealings
or transactions, or is otherwise associated, with any such blocked person. 
 6.18 Compliance with OFAC Rules and
Regulations. 
 None of the Credit Parties or their Subsidiaries or their respective Affiliates (a) is a Sanctioned
Person, (b) has more than 15% of its assets in Sanctioned Countries, or (c) derives more than 15% of its operating income from investments in, or transactions with Sanctioned Persons or Sanctioned Countries. No part of the proceeds of any
Extension of Credit hereunder will be used directly or indirectly to fund any operations in, finance any investments or activities in or make any payments to, a Sanctioned Person or a Sanctioned Country. 

6.19 Compliance with FCPA. 
 Each of the Credit Parties and their Subsidiaries is in compliance with the Foreign Corrupt Practices Act, 15 U.S.C. §§ 78dd-1, et seq., and any foreign counterpart thereto. None of the
Credit Parties and their Subsidiaries has made a payment, offering, or promise to pay, or authorized the payment of, money or anything of value (a) in order to assist in obtaining or retaining business for or with, or directing business to, any
foreign official, foreign political party, party official or candidate for foreign political office, (b) to a foreign official, foreign political party or party official or any candidate for foreign political office, and (c) with the
intent to induce the recipient to misuse his or her official position to direct business wrongfully to such Credit Party or its Subsidiary or to any other Person, in violation of the Foreign Corrupt Practices Act, 15 U.S.C. §§ 78dd-1,
et seq. 

  
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 SECTION 7.

 AFFIRMATIVE COVENANTS 
 Each Credit Party hereby covenants and agrees that so long as this Credit Agreement is in effect and until the Loans and LOC Obligations, together with interest, fees and other obligations hereunder, have
been paid in full and the Commitments and Letters of Credit shall have terminated: 
 7.1 Information Covenants.

 The Borrower will furnish, or cause to be furnished, to the Agent for further distribution to each Lender: 

(a) Annual Financial Statements. As soon as available, and in any event within 95 days after the close of each
fiscal year of the Parent, a consolidated balance sheet of the Parent as of the end of such fiscal year, together with a related consolidated income statement and related statements of cash flows, capitalization and retained earnings for such fiscal
year, setting forth in comparative form figures for the preceding fiscal year, all such financial information described above to be audited by independent certified public accountants of recognized national standing and whose opinion, which shall be
furnished to the Agent, shall be to the effect that such financial statements have been prepared in accordance with GAAP (except for changes with which such accountants concur); provided, that the Parent’s Form 10-K Annual Report as
filed with the Securities and Exchange Commission, without exhibits, will satisfy the requirements of this Section 7.1(a). 
 (b) Quarterly Financial Statements. As soon as available, and in any event within 50 days after the close of each fiscal quarter of the Parent (other than the fourth fiscal quarter) a consolidated
balance sheet of the Parent as of the end of such fiscal quarter, together with a related consolidated income statement and related statement of cash flows for such fiscal quarter in each case setting forth in comparative form figures for the
corresponding period of the preceding fiscal year, and accompanied by a certificate of an Approved Officer of the Parent to the effect that such quarterly financial statements fairly present in all material respects the financial condition of the
Parent and its Subsidiaries and have been prepared in accordance with GAAP, subject to changes resulting from audit and normal year-end audit adjustments to same; provided, that the Parent’s Form 10-Q Quarterly Report as filed with the
Securities and Exchange Commission, without exhibits, will satisfy the requirements of this Section 7.1(b). 

(c) Operating Budget and Cash Flow Projections. As soon as available, and in any event no later than the last day
of February of each fiscal year of the Parent, operating budget and cash flow projections of the Parent and its Subsidiaries prepared on a monthly or quarterly basis and otherwise in such form as the Agent may reasonably request; provided, however,
that such operating budget and cash flow projections shall not be required if as of the last day of December of the previous fiscal year the Parent or the Borrower has an Investment Grade Rating. 

(d) Officer’s Certificate. At the time of delivery of the financial statements provided for in
Sections 7.1(a) and 7.1(b) above, a certificate of an Approved Officer of the Parent, substantially in the Form of Exhibit 7.1(d), (i) demonstrating compliance with the financial covenants contained in Section 7.10 by
calculation thereof as of the end of each such fiscal period, beginning with the fiscal quarter ending June 30, 2007 (ii) stating that no Default or Event of Default exists, or if any Default or Event of Default does exist, specifying the
nature and extent thereof and what action the Parent or the Borrower proposes to take with respect thereto, (iii) setting forth the amount of Off Balance Sheet Indebtedness of the Parent and its Subsidiaries as of the end of each such fiscal
period, (iv) updating Schedule 6.13 with respect to Subsidiaries, if appropriate, (v) providing information to evidence compliance with Sections 7.12, 8.2(m), 8.2(n), 8.2(o), 8.4(i), 8.6(h) and 8.7(g) and (vi) providing
such other information to evidence compliance with this Credit Agreement as reasonably requested by the Agent. 

(e) Reports. Promptly upon transmission or receipt thereof, copies of any material filings and registrations with,
and reports to or from, the Securities and Exchange Commission, or any successor agency. 

  
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 (f)
Notices. Within five Business Days after any officer of a Credit Party with responsibility relating thereto obtaining knowledge thereof, such Credit Party will give written notice to the Agent immediately of (i) the occurrence of a
Default or Event of Default, specifying the nature and existence thereof and what action such Credit Party proposes to take with respect thereto, and (ii) the occurrence of any of the following with respect to a Credit Party: (A) the
pendency or commencement of any litigation, arbitral or governmental proceeding against such Credit Party the claim of which is likely to be decided adversely to such Credit Party and, if adversely determined, would have or would be reasonably
expected to have a Material Adverse Effect or (B) the institution of any proceedings against such Credit Party with respect to, or the receipt of notice by such Person of potential liability or responsibility for violation or alleged violation
of, any federal, state or local law, rule or regulation (including, without limitation, any Environmental Law) that is likely to be decided adversely to such Credit Party and, if adversely decided, would have a Material Adverse Effect. 

(g) ERISA. Upon a Credit Party or any ERISA Affiliate obtaining knowledge thereof, such Credit Party will give
written notice to the Agent promptly (and in any event within five Business Days) of: (i) any event or condition, including, but not limited to, any Reportable Event, that constitutes, or would be reasonably expected to lead to, a Termination
Event if such Termination Event would have a Material Adverse Effect; (ii) with respect to any Multiemployer Plan, the receipt of notice as prescribed in ERISA or otherwise of any withdrawal liability assessed against a Credit Party or any
ERISA Affiliate, or of a determination that any Multiemployer Plan is in reorganization or insolvent (both within the meaning of Title IV of ERISA); (iii) the failure to make full payment on or before the due date (including extensions)
thereof of all amounts which a Credit Party or any of its Subsidiaries or ERISA Affiliates is required to contribute to each Plan pursuant to its terms and as required to meet the minimum funding standard set forth in ERISA and the Code with respect
thereto; or (iv) any change in the funding status of any Plan that would have or would be reasonably expected to have a Material Adverse Effect; together, with a description of any such event or condition or a copy of any such notice and a
statement by an officer of a Credit Party briefly setting forth the details regarding such event, condition, or notice, and the action, if any, which has been or is being taken or is proposed to be taken with respect thereto. Promptly upon request,
a Credit Party shall furnish the Agent and each of the Lenders with such additional information concerning any Plan as may be reasonably requested, including, but not limited to, copies of each annual report/return (Form 5500 series), as well
as all schedules and attachments thereto required to be filed with the Department of Labor and/or the Internal Revenue Service pursuant to ERISA and the Code, respectively, for each “plan year” (within the meaning of Section 3(39) of
ERISA). 
 (h) Debt Rating Changes. Upon any change in its Debt Rating, the Parent shall promptly deliver
such information to the Agent. 
 (i) Other Information. With reasonable promptness upon any such request,
such other information regarding the business, properties or financial condition of the Credit Parties and their Subsidiaries as the Agent or any Lender may reasonably request. 

Information required to be delivered pursuant to Sections 7.1(a), 7.1(b) and 7.1(e) shall be deemed to have been delivered on the
earlier of (A) the date on which such information is posted by the Agent on behalf of the Credit Parties on IntraLinks, Syndtrak or other electronic medium chosen by the Agent or (B) the date on which a Credit Party provides notice to the
Agent for further delivery to each Lender by the Borrower that such information has been posted on the Securities and Exchange Commission website on the Internet at ww.sec.gov/edgar/searchedgar/webusers.htm or at another website identified in such
notice and accessible by the Lenders without charge; provided, that (i) any such notice may be included in a certificate delivered pursuant to Section 7.1(d) and (ii) the Credit Parties shall deliver paper copies of the
information referred to in Sections 7.1(a), 7.1(b) and 7.1(e), to any Lender that requests such delivery. 

  
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Midstream Operating, LP 
 Amended and Restated Credit Agreement 

  
 54 

  
 7.2 Preservation
of Existence and Franchises. 
 Each Credit Party will, and will cause each Subsidiary to, do all things necessary to
preserve and keep in full force and effect its existence and rights, franchises and authority; provided, however, that, subject to Section 8.3, a Credit Party shall not be required to preserve any such existence, right or franchise if it
in good faith determines that preservation thereof is no longer necessary or desirable in the conduct of its business and that the loss thereof is not disadvantageous in any material respect to the Lenders. 

7.3 Books and Records. 
 Each Credit Party will keep, and will cause each of its Subsidiaries to keep, complete and accurate books and records of its transactions in accordance with good accounting practices on the basis of GAAP
(including the establishment and maintenance of appropriate reserves). 
 7.4 Compliance with Law. 

Each Credit Party will comply, and will cause each of its Subsidiaries to comply, with all laws (including, without limitation, all
Environmental Laws and ERISA laws), rules, regulations and orders, and all applicable restrictions imposed by all Governmental Authorities, applicable to it and its property, unless (a) the failure to comply would not have or would not
reasonably be expected to have a Material Adverse Effect or (b) the necessity of compliance therewith is being contested in good faith by appropriate proceedings. 
 7.5 Payment of Taxes and Other Indebtedness. 
 Each Credit Party
will, and will cause each of its Subsidiaries to, pay, settle or discharge (a) all taxes, assessments and governmental charges or levies imposed upon it, or upon its income or profits, or upon any of its properties, before they shall become
delinquent, (b) all lawful claims (including claims for labor, materials and supplies) which, if unpaid, might give rise to a Lien upon any of its properties, and (c) all of its other Indebtedness as it shall become due; provided,
however, that a Credit Party shall not be required to pay any such tax, assessment, charge, levy, claim or Indebtedness which (i) is being contested in good faith by appropriate proceedings and as to which adequate reserves therefor have
been established in accordance with GAAP or (ii) the nonpayment of which would not have a Material Adverse Effect. 

7.6 Maintenance of Property; Insurance. 

(a) Each Credit Party will keep, and will cause each of its Subsidiaries to keep, all property useful and necessary in its
business in good working order and condition, ordinary wear and tear excepted. 
 (b) Each Credit Party will, and
will cause each of its Subsidiaries to, maintain (either in the name of such Credit Party or in such Subsidiary’s own name) with financially sound and responsible insurance companies, insurance on all their respective properties in at least
such amounts and against at least such risks (and with such risk retention) as are usually insured against by companies of established repute engaged in the same or a similar business; provided, that self-insurance by a Credit Party or
any such Subsidiary shall not be deemed a violation of this covenant to the extent that companies engaged in similar businesses and owning similar properties in the same general areas in which such Credit Party or such Subsidiary operates
self-insure. 

  
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Midstream Operating, LP 
 Amended and Restated Credit Agreement 

  
 55 

  
 7.7 Use of
Proceeds. 
 The proceeds of the Revolving Loans may be used solely (a) to refinance certain existing Indebtedness
of the Borrower and (b) for working capital and other general partnership purposes of the Credit Parties, including certain Permitted Acquisitions. The proceeds of the Term Loans shall be used (i) to make cash distributions to the Parent
who will then make cash distributions to the general partner of the Parent and (ii) to make cash distributions to the Parent to the extent permitted by Section 8.8(c) who will then make cash distributions to or repurchase limited
partnership interests from an affiliate of the general partner of the Parent that is also a partner of the Parent. The proceeds of the Swingline Loans may be used solely for working capital and other general partnership purposes of the Credit
Parties. The Borrower will use the Letters of Credit solely for the purposes set forth in Section 2.2(a). 
 7.8
Audits/Inspections. 
 Upon reasonable notice and during normal business hours, each Credit Party will, and will cause
its Subsidiaries to, permit representatives appointed by the Agent (or upon the occurrence and during the continuance of an Event of Default, any Lender), including, without limitation, independent accountants, agents, attorneys, and appraisers to
visit and inspect the Credit Parties’ and their Subsidiaries’ property, including their books and records, their accounts receivable and inventory, the Credit Parties’ and their Subsidiaries’ facilities and their other business
assets, and to make photocopies or photographs thereof and to write down and record any information such representatives obtain and shall permit the Agent (or upon the occurrence and during the continuance of an Event of Default, any Lender) or its
representatives to investigate and verify the accuracy of information provided to the Lenders and to discuss all such matters with the officers, employees and representatives of each Credit Party and its Subsidiaries. 

7.9 Maintenance of Ownership. 
 Each Credit Party will maintain ownership of all Capital Stock of each Subsidiary that is a Credit Party, directly or indirectly, free and clear of all Liens except as permitted by Section 8.3 and
Section 8.4. 
 7.10 Financial Covenants. 

(a) Consolidated Leverage Ratio. The Consolidated Leverage Ratio, as at the end of each fiscal quarter of the
Parent, shall be less than or equal to (i) with respect to each fiscal quarter end from the Closing Date through and including the fiscal quarter ending June 30, 2007, 5.75 to 1.0 and (ii) with respect to each fiscal quarter end
thereafter, 5.00 to 1.0; provided that subsequent to the consummation of a Qualified Acquisition, the Consolidated Leverage Ratio, as at the end of the three consecutive fiscal quarters following such Qualified Acquisition (including the fiscal
quarter in which such acquisition is consummated), shall be less than or equal to 5.50 to 1.0. 
 (b)
Consolidated Interest Coverage Ratio. If neither the Parent or the Borrower has an Investment Grade Rating, the Consolidated Interest Coverage Ratio, as at the end of each fiscal quarter of the Parent (beginning with the fiscal quarter ending
June 30, 2007) shall be greater than or equal to 2.50 to 1.0. 
 7.11 Material Contracts. 

Each Credit Party will comply, and will cause its Subsidiaries to comply, with all contracts necessary for the ongoing operation and
business of such Credit Party or Subsidiary in the ordinary course, except where the failure to comply would not have or would not reasonably be expected to have a Material Adverse Effect. 

  
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Midstream Operating, LP 
 Amended and Restated Credit Agreement 

  
 56 

  
 7.12 Additional
Guarantors. 
 If (a) as of the end of any fiscal quarter of the Parent or (b) at the time any Qualified
Acquisition is consummated, the wholly-owned Subsidiaries of the Parent that are not Credit Parties hereunder (the “Non-Guarantor Subsidiaries”) constitute more than either (collectively, the “Threshold
Requirements”): 
  

	 	(i)	twenty percent (20%), in the aggregate, of Consolidated Net Tangible Assets, or 

 

	 	(ii)	twenty percent (20%), in the aggregate, of Consolidated Net Income, 

 the Borrower shall promptly notify the Agent and shall, within ten Business Days thereof (A) cause one or more of such Subsidiaries to become a “Guarantor” pursuant to a Joinder Agreement
in the form of Exhibit 7.12 and to execute and deliver such other documents as requested by the Agent and (B) deliver to the Agent documents of the types referred to Section 5.1(b) as well as opinions of counsel to such Subsidiary
(which shall cover, among other things, legality, validity, binding effect and enforceability), all in form, content and scope satisfactory to the Agent, such that immediately after the joinder of such Subsidiary or Subsidiaries as Guarantors
hereunder, the remaining Non-Guarantor Subsidiaries shall not exceed, in the aggregate, either of the Threshold Requirements. 
 After the
Investment Grade Rating Date, the Agent will release such Guarantors (other than the Parent) as requested from time to time by the Borrower. 
 7.13 Cash Collateral. 
 (a) The Borrower shall
maintain the Cash Collateral-A2 Account at all times that any portion of the Term Loan A2 shall remain outstanding. The Borrower shall maintain the Cash Collateral-A3 Account at all times that any portion of the Term Loan A3 shall remain
outstanding. The Borrower shall maintain such other Cash Collateral Accounts established in connection with new term loans pursuant to Section 2.1(b)(iii). 
 (b)(I) The Borrower shall, at all times, maintain Permitted Cash Collateral-A2 in the Cash Collateral-A2 Account with a value greater than or equal to the following (the “Required Collateral-A2
Amount”): (A) during the period commencing with the Initial Draw Date for the Term Loan A2 and ending on the date that is three months after such Initial Draw Date, 100% of the outstanding principal amount of the Term Loan A2 and
(B) after such time period, (i) if all Permitted Cash Collateral-A2 is comprised entirely of Tier 1 Permitted Cash Collateral, 100.25% of the outstanding principal amount of the Term Loan A2, (ii) if Permitted Cash Collateral-A2 is
not comprised entirely of Tier 1 Permitted Cash Collateral but is not comprised of any Tier 3 Permitted Cash Collateral, 100.5% of the outstanding principal of the Term Loan A2 or (iii) if any Permitted Cash Collateral-A2 is comprised of any
Tier 3 Permitted Cash Collateral, 101% of the outstanding principal of the Term Loan A2. If, at any time, the Required Collateral-A2 Amount exceeds the value of the Permitted Cash Collateral-A2, the Borrower shall immediately deposit additional
Permitted Cash Collateral-A2 into the Cash Collateral-A2 Account to eliminate such excess. In accordance with the terms of the Account Control Agreement-A2, the Borrower shall direct the investment of items deposited into the Cash Collateral-A2
Account; provided, that all Cash Collateral shall consist of Permitted Cash Collateral-A2 at all times. The Borrower shall treat all income, gains or losses from the investment of items in the Cash Collateral-A2 Account as its own income or
loss, and the Agent and the Lenders shall have no liability for any such gain or loss. 

  
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Midstream Operating, LP 
 Amended and Restated Credit Agreement 

  
 57 

  
 (II)
The Borrower shall, at all times, maintain Permitted Cash Collateral-A3 in the Cash Collateral-A3 Account with a value greater than or equal to the following (the “Required Collateral-A3 Amount”): (A) during the period
commencing with the Initial Draw Date for the Term Loan A3 and ending on the date that is three months after such Initial Draw Date, 100% of the outstanding principal amount of the Term Loan A3 and (B) after such time period, (i) if all
Permitted Cash Collateral-A3 is comprised entirely of Tier 1 Permitted Cash Collateral, 100.25% of the outstanding principal amount of the Term Loan A3, (ii) if Permitted Cash Collateral-A3 is not comprised entirely of Tier 1 Permitted Cash
Collateral but is not comprised of any Tier 3 Permitted Cash Collateral, 100.5% of the outstanding principal amount of the Term Loan A3 or (iii) if any Permitted Cash Collateral-A3 is comprised of any Tier 3 Permitted Cash Collateral, 101% of
the outstanding principal amount of the Term Loan A3. If, at any time, the Required Collateral-A3 Amount exceeds the value of the Permitted Cash Collateral-A3, the Borrower shall immediately deposit additional Permitted Cash Collateral-A3 into the
Cash Collateral-A3 Account to eliminate such excess. In accordance with the terms of the Account Control Agreement-A3, the Borrower shall direct the investment of items deposited into the Cash Collateral-A3 Account; provided, that
(1) all Cash Collateral shall consist of Permitted Cash Collateral-A3 at all times and (2) the Borrower shall not be permitted to sell any Permitted Cash Collateral-A3 prior to its stated maturity (if any) during the first two months
following the Closing Date except pursuant to Section 7.13(c). The Borrower shall treat all income, gains or losses from the investment of items in the Cash Collateral-A3 Account as its own income or loss, and the Agent and the Lenders shall
have no liability for any such gain or loss. 
 (c)(i) The Borrower shall be permitted to liquidate and/or
withdraw Cash Collateral-A2 from the Cash Collateral-A2 Account to fund a Permitted Acquisition or capital expenditure; provided, that concurrently with such liquidation or withdrawal (A) the Revolving Committed Amount shall be
automatically increased (without the consent of the Lenders) in accordance with Section 2.10(b) and Section 3.2(a)(iii), (B) a Revolving Loan shall be made to the Borrower, (C) the proceeds of such Revolving Loan shall be applied
to prepay the principal amount of the Term Loan-A2 in an amount equal to the amount of Cash Collateral-A2 liquidated or withdrawn, and (D) after such liquidation or withdrawal, the value of the Permitted Cash Collateral-A2 shall be greater than
or equal to the Required Collateral-A2 Amount, as calculated after giving effect of such prepayment of the Term Loan A2. In the event that the Borrower shall elect to make such a withdrawal, the Agent shall direct the Intermediary to liquidate the
applicable Cash Collateral-A2 and remit the proceeds to the Borrower. 
 (ii) The Borrower shall be permitted to
liquidate and/or withdraw Cash Collateral-A3 from the Cash Collateral-A3 Account to fund a Permitted Acquisition or capital expenditure; provided, that concurrently with such liquidation or withdrawal (A) the Revolving Committed Amount
shall be automatically increased (without the consent of the Lenders) in accordance with Section 2.10(b) and Section 3.2(a)(iii), (B) a Revolving Loan shall be made to the Borrower, (C) the proceeds of such Revolving Loan shall
be applied to prepay the principal amount of the Term Loan-A3 in an amount equal to the amount of Cash Collateral-A3 liquidated or withdrawn, and (D) after such liquidation or withdrawal, the value of the Permitted Cash Collateral-A3 shall be
greater than or equal to the Required Collateral-A3 Amount, as calculated after giving effect of such prepayment of the Term Loan A3. In the event that the Borrower shall elect to make such a withdrawal, the Agent shall direct the Intermediary to
liquidate the applicable Cash Collateral-A3 and remit the proceeds to the Borrower. 

  
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Midstream Operating, LP 
 Amended and Restated Credit Agreement 

  
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 (d)(i)
If, at the end of any fiscal quarter of the Parent, the value of the Permitted Cash Collateral-A2 exceeds the Required Collateral-A2 Amount at such time, then, upon the request of the Borrower, provided no Default or Event of Default has occurred
and is continuing, the Agent shall direct the Intermediary to pay and transfer to the Borrower cash, to the extent available, in the Cash Collateral-A2 Account in an amount equal to such excess. 

(ii) If, at the end of any fiscal quarter of the Parent, the value of the Permitted Cash Collateral-A3 exceeds the
Required Collateral-A3 Amount at such time, then, upon the request of the Borrower, provided no Default or Event of Default has occurred and is continuing, the Agent shall direct the Intermediary to pay and transfer to the Borrower cash, to the
extent available, in the Cash Collateral-A3 Account in an amount equal to such excess. 
 (e)(i) To secure the
prompt payment in full when due, whether by lapse of time, acceleration, mandatory prepayment or otherwise, of the Term Loan A2, the Borrower hereby grants to the Agent, for the ratable benefit of the Lenders, a continuing security interest in, and
a right to set off against, any and all right, title and interest of the Borrower in and to the Cash Collateral-A2 Account and the Cash Collateral-A2 and all other amounts maintained in the Cash Collateral-A2 Account. 

(ii) To secure the prompt payment in full when due, whether by lapse of time, acceleration, mandatory prepayment or
otherwise, of the Term Loan A3, the Borrower hereby grants to the Agent, for the ratable benefit of the Lenders, a continuing security interest in, and a right to set off against, any and all right, title and interest of the Borrower in and to the
Cash Collateral-A3 Account and the Cash Collateral-A3 and all other amounts maintained in the Cash Collateral-A3 Account. 

7.14 Equity Proceeds. 
 After the Closing Date but no later than September 30, 2007, the Parent shall receive at least $110,000,000 in proceeds from the issuance of equity on terms and conditions satisfactory to the Agent.

 SECTION 8. 
 NEGATIVE COVENANTS 
 Each Credit Party hereby covenants and agrees that so
long as this Credit Agreement is in effect and until the Loans and LOC Obligations, together with interest, fees and other obligations hereunder, have been paid in full and the Commitments and Letters of Credit shall have terminated: 

8.1 Nature of Business. 
 No Credit Party will, nor will it permit any of its Subsidiaries to (whether now owned or acquired or formed subsequent to the Closing Date), materially alter the character of their business on a
consolidated basis from the midstream energy business. 

  
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Midstream Operating, LP 
 Amended and Restated Credit Agreement 

  
 59 

  
 8.2. Liens.

 No Credit Party will create, assume or suffer to exist any Lien on any asset now owned or hereafter acquired by it or any
of its Subsidiaries, except for the following: 
 (a) Liens in favor of the Lenders securing Indebtedness under
this Credit Agreement. 
 (b) any Lien arising out of the refinancing, extension, renewal or refunding of any
Indebtedness secured by any Lien permitted by this Section 8.2; provided, that the principal amount of such Indebtedness is not increased (other than to provide for the payment of any underwriting discounts and fees related to any
refinancing Indebtedness as well as any premiums owed on and accrued and unpaid interest related to the original Indebtedness) and is not secured by any additional assets. 

(c) Liens for taxes, assessments or other governmental charges or levies not yet due or which are being contested in good
faith by appropriate proceedings and with respect to which adequate reserves or other appropriate provisions are being maintained in accordance with GAAP. 
 (d) statutory Liens of landlords and Liens of carriers, warehousemen, mechanics, materialmen and interest owners of oil and gas production and other Liens imposed by law, created in the ordinary course of
business and for amounts not past due for more than 60 days or which are being contested in good faith by appropriate proceedings which are sufficient to prevent imminent foreclosure of such Liens, are promptly instituted and diligently conducted
and with respect to which adequate reserves or other appropriate provisions are being maintained in accordance with GAAP. 
 (e) Liens incurred or deposits made in the ordinary course of business (including, without limitation, surety bonds and appeal bonds) in connection with workers’ compensation, unemployment insurance
and other types of social security benefits or to secure the performance of tenders, bids, leases, contracts (other than for the repayment of Indebtedness), statutory obligations and other similar obligations or arising as a result of progress
payments under government contracts. 
 (f) easements (including, without limitation, reciprocal easement
agreements and utility agreements), rights-of-way, covenants, consents, reservations, encroachments, variations and other restrictions, charges or encumbrances (whether or not recorded) affecting the use of real property. 

(g) Liens with respect to judgments and attachments which do not result in an Event of Default. 

(h) Liens, deposits or pledges to secure the performance of bids, tenders, contracts (other than contracts for the payment
of money), leases (permitted under the terms of this Agreement), public or statutory obligations, surety, stay, appeal, indemnity, performance or other obligations arising in the ordinary course of business. 

(i) rights of first refusal entered into in the ordinary course of business. 

(j) Liens consisting of any (i) rights reserved to or vested in any municipality or governmental, statutory or public
authority to control or regulate any property of a Credit Party or any Subsidiary or to use such property in any manner which does not materially impair the use of such property for the purpose for which it is held by a Credit Party or any such
Subsidiary, (ii) obligations or duties to any municipality or public authority with respect to any franchise, grant, license, lease or permit and the rights reserved or vested in any Governmental Authority or public utility to terminate any
such franchise, grant, license, lease or permit or to condemn or expropriate any property, or (iii) zoning laws, ordinances or municipal regulations. 

  
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Midstream Operating, LP 
 Amended and Restated Credit Agreement 

  
 60 

  
 (k)
Liens on deposits required by any Person with whom a Credit Party or any Subsidiary enters into forward contracts, futures contracts, swap agreements or other commodities contracts in the ordinary course of business. 

(l) other Liens, including Liens imposed by Environmental Laws, arising in the ordinary course of its business which
(i) do not secure Indebtedness (other than Liens on cash and cash equivalents that secure letters of credit), (ii) do not secure any obligation in an amount exceeding $10,000,000 at any time and (iii) do not in the aggregate
materially detract from the value of its assets or materially impair the use thereof in the operation of its business. 
 (m) after the Investment Grade Rating Date, any Lien on any asset of any Person existing at the time such Person is merged or consolidated with or into the Borrower, the Parent or any Subsidiary and not
created in contemplation of such event; provided, that the aggregate Indebtedness secured by such Liens, when aggregated with the aggregate Indebtedness secured by Liens permitted pursuant to Section 8.2(n), shall not at any time exceed
50% of Consolidated EBITDA for the four consecutive fiscal quarter period most recently ended. 
 (n) after the
Investment Grade Rating Date, any Lien existing on any asset prior to the acquisition thereof by the Borrower, the Parent or any Subsidiary and not created in contemplation of such acquisition; provided, that the aggregate Indebtedness
secured by such Liens, when aggregated with the aggregate Indebtedness secured by Liens permitted pursuant to Section 8.2(m), shall not at any time exceed 50% of Consolidated EBITDA for the four consecutive fiscal quarter period most recently
ended. 
 (o) other Liens securing Indebtedness or obligations in an amount not to exceed, in the aggregate, at
any one time 10% of Consolidated Net Tangible Assets; provided, for purposes of this Section 8.2(o), with respect to any such secured Indebtedness of a non-wholly-owned Subsidiary of the Parent or Borrower with no recourse to any Credit
Party or any wholly-owned Subsidiary thereof, only that portion of such Indebtedness reflecting Parent’s pro rata ownership interest therein shall be included in calculating compliance herewith. 

8.3 Consolidation and Merger. 
 A Credit Party will not, and will not permit any of its Subsidiaries to, (a) enter into any transaction of merger or (b) consolidate, liquidate, wind up or dissolve itself (or suffer any
liquidation or dissolution); provided, that: (i) a Person (including a Subsidiary of the Borrower) may be merged or consolidated with or into the Borrower or the Parent so long as (A) the Borrower or the Parent, as the case may be,
shall be the continuing or surviving entity, (B) no Default or Event of Default shall exist or be caused thereby, (C) if the Parent or the Borrower has a Debt Rating at the time of such merger or consolidation, the Parent or the Borrower,
as applicable, is not downgraded by a Designated Rating Agency as a result of such transaction to a rating below an Investment Grade Rating (or equivalent rating if the Parent or the Borrower, as applicable, has selected a Designated Rating Agency
other than S&P, Moody’s or Fitch), as applicable and (D) the Borrower or the Parent, as applicable, remains liable for its obligations under this Credit Agreement and all the rights and remedies hereunder remain in full force and
effect, (ii) a Subsidiary of the Parent may merge with or into another Subsidiary of the Parent; provided that if one of such Subsidiaries is a Guarantor, the surviving entity must be a Guarantor and (iii) any such merger, consolidation,
liquidation, winding up or dissolution in connection with any Disposition permitted under Section 8.4 hereof shall be permitted hereunder. 

  
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Midstream Operating, LP 
 Amended and Restated Credit Agreement 

  
 61 

  
 8.4
Dispositions. 
 A Credit Party will not make, nor permit its Subsidiaries to make any Disposition except: 

(a) Dispositions of inventory in the ordinary course of business; 

(b) Dispositions of machinery and equipment no longer used or useful in the conduct of business of a Credit Party and its
Subsidiaries that are Disposed of in the ordinary course of business; 
 (c) Dispositions of assets to a Credit
Party; 
 (d) Dispositions of Investments permitted under Section 8.7; 

(e) Dispositions of accounts receivable in connection with the collection or compromise thereof; 

(f) Dispositions of licenses, sublicenses, leases or subleases granted to others not interfering in any material respect
with the business of a Credit Party and its Subsidiaries; 
 (g) Dispositions of Cash Equivalents for fair market
value; 
 (h) Dispositions in which: (i) the assets being disposed are used simultaneously in exchange for
replacement assets or (ii) the net proceeds thereof are either (A) reinvested within 365 days from such Disposition in assets to be used in the ordinary course of the business of the Parent and its Subsidiaries and/or (B) used to
permanently reduce the Revolving Committed Amount on a dollar for dollar basis. 
 (i) other Dispositions not
exceeding in the aggregate for all Credit Parties and their Subsidiaries (i) 10% of Consolidated Net Tangible Assets in any fiscal year measured as of the date of determination and (ii) 25% of Consolidated Net Tangible Assets during the
term of this Credit Agreement. 
 8.5 Transactions with Affiliates. 

A Credit Party will not, and will not permit any Subsidiary to, directly or indirectly, pay any funds to or for the account of, make any
investment in, lease, sell, transfer or otherwise dispose of any assets, tangible or intangible, to, or participate in, or effect, any transaction with, any officer, director, employee or Affiliate (other than another Credit Party) unless any and
all such transactions between a Credit Party and its Subsidiaries on the one hand and any officer, director, employee or Affiliate (other than another Credit Party) on the other hand, shall be on an arms-length basis and on terms no less favorable
to such Credit Party or such Subsidiary than could have been obtained from a third party who was not an officer, director, employee or Affiliate (other than another Credit Party); provided, that the foregoing provisions of this
Section shall not (a) prohibit a Credit Party and each Subsidiary from declaring or paying any lawful dividend or distribution otherwise permitted hereunder, (b) prohibit a Credit Party or a Subsidiary from providing credit support
for its Subsidiaries as it deems appropriate in the ordinary course of business, (c) prohibit a Credit Party or a Subsidiary from engaging in a transaction or transactions that are not on an arms-length basis or are not on terms as favorable as
could have been obtained from a third party, provided that such transaction or transactions occurs within a related series of transactions, which, in the aggregate, are on an arms-length basis and are on terms as favorable as could have been
obtained from a third party, (d) prohibit a Credit Party or a Subsidiary from engaging in non-material transactions with any Credit Party that are not on an arms-length basis or are not on terms as favorable as could have been obtained from a
third party but are in the ordinary course of such Credit Party’s or such Subsidiary’s business, so long as, in each case, after giving effect thereto, no Default or Event of Default shall have occurred and be continuing, (e) prohibit
a Credit Party or a Subsidiary from engaging in a transaction with an Affiliate if such transaction has been approved by the Conflicts Committee, (f) prohibit a Credit Party or a Subsidiary from entering into any of the agreements listed on
Schedule 8.5 or (g) prohibit a Credit Party or a Subsidiary from compensating its employees and officers in the ordinary course of business. 

  
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Midstream Operating, LP 
 Amended and Restated Credit Agreement 

  
 62 

  
 8.6
Indebtedness. 
 Prior to the Investment Grade Rating Date, no Credit Party will, nor will it permit its Subsidiaries
to, create, incur, assume or suffer to exist any Indebtedness, except: 
 (a) Indebtedness under the Credit
Documents; 
 (b) Investments permitted under Section 8.7 that would constitute Indebtedness;

 (c) obligations (contingent or otherwise) of a Credit Party or any Subsidiary existing or arising under
(i) any Credit Facility Swap Contract or (ii) any other Swap Contract; provided that with respect to clauses (i) and (ii) above (A) such obligations are (or were) entered into by such Person in the ordinary course of
business for the purpose of directly mitigating risks associated with liabilities, commitments, investments, assets, or property held or reasonably anticipated by such Person, or changes in the value of securities issued by such Person, and not for
purposes of speculation or taking a “market view” and (B) such Credit Facility Swap Contract or Swap Contract does not contain any provision exonerating the non-defaulting party from its obligation to make payments on outstanding
transactions to the defaulting party; 
 (d) current liabilities of the Credit Parties or their respective
Subsidiaries incurred in the ordinary course of business but not incurred through (i) the borrowing of money or (ii) the obtaining of credit except for credit on an open account basis customarily extended and in fact extended in connection
with normal purchases of goods and services; 
 (e) Indebtedness in respect of taxes, assessments, governmental
charges or levies and claims for labor, materials and supplies to the extent that payment therefor shall not at the time be required to be made in accordance with the provisions of this Credit Agreement; 

(f) Indebtedness in respect of judgments or awards only to the extent, for the period and for an amount not resulting in a
Default or Event of Default; 
 (g) Indebtedness outstanding under the Bridge Facility in an amount not to exceed
$88,000,000; and 
 (h) other unsecured Indebtedness in an aggregate amount not to exceed, at any one time
outstanding, the greater of (i) $50,000,000 and (ii) 10% of Consolidated Net Tangible Assets. 

  
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 On and after the
Investment Grade Rating Date, no Credit Party will, nor will it permit its Subsidiaries to, create, incur, assume or suffer to exist any Indebtedness (other than Loans hereunder) unless at the time of the incurrence thereof, after giving thereto:
(x) the Credit Parties are in pro forma compliance with the initial financial covenant set forth in Section 7.10(a), determined as of the last day of the most recently ended fiscal quarter for which financial statements have been delivered
pursuant to Section 7.1(a) or (b), as applicable, and (y) no Default or Event of Default shall have occurred and be continuing. 
 Notwithstanding anything in this Section 8.6 to the contrary, no Subsidiary of the Parent that is not a Credit Party shall be permitted to create, incur, assume or suffer to exist any Indebtedness.
The foregoing sentence shall not restrict any Indebtedness of a Person existing at the time such Person became a Subsidiary of the Parent, to the extent such Indebtedness was not incurred in connection with or in contemplation of, such Person
becoming a Subsidiary; provided, that the principal amount of such Indebtedness is not increased at the time of any refinancing, refunding, renewal or extension thereof. 

8.7 Investments. 
 Prior to the Investment Grade Rating Date, no Credit Party will, nor will it permit its Subsidiaries to, make any Investments, except: 

(a) Investments held by a Credit Party or a Subsidiary in the form of cash or Cash Equivalents; 

(b) Investments in any wholly-owned Subsidiary; 

(c) Investments consisting of extensions of credit in the nature of accounts receivable or notes receivable arising from
the grant of trade credit in the ordinary course of business, and Investments received in satisfaction or partial satisfaction thereof from financially troubled account debtors to the extent reasonably necessary in order to prevent or limit loss;

 (d) Investments in Permitted Acquisitions and capital expenditures in the ordinary course; 

(e) Investments in Credit Facility Swap Contracts and other Swap Contracts permitted by Section 8.6; 

(f) Loans and advances to the general partner of the Borrower or the Parent to enable such general partner of the to pay
general and administrative costs and expenses pursuant to the partnership agreement of the Borrower or Parent, as applicable; and 
 (g) other Investments in an aggregate amount not to exceed, at any one time outstanding, 25% of Consolidated Net Tangible Assets. 
 8.8 Restricted Payments. 
 Prior to the Investment Grade Rating Date,
no Credit Party will, nor will it permit its Subsidiaries to, declare or make, directly or indirectly, any Restricted Payment, or incur any obligation (contingent or otherwise) to do so, except that: 

(a)(i) the Borrower may make Restricted Payments to the Parent, (ii) any Subsidiary may make Restricted Payments to
any Credit Party or any wholly-owned Subsidiary of Parent or Borrower, and (iii) any non-wholly-owned Subsidiary may make Restricted Payments to its owners on a pro rata basis in accordance with such owners’ pro rata ownership interest
therein; 

  
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 (b) a
Credit Party or Subsidiary may declare and make dividend payments or other distributions payable solely in the Capital Stock of such Person; 
 (c) the Credit Parties may make cash distributions to their Affiliates and redeem limited partnership units with the proceeds of the Term Loans; provided, that (i) each such distribution or
redemption shall be made in connection with a contribution of assets to the Credit Parties from their Affiliates and (ii) the amount of such distribution or redemption shall be less than or equal to the fair market value of the assets (net of
any consideration given by the Credit Parties with respect to such assets) contributed to the Credit Parties in connection therewith, as determined by the Credit Parties in good faith; 

(d) as long as no Default or Event of Default exists and is continuing, the Credit Parties may make quarterly cash
distributions in an amount not to exceed Available Cash for such period; and 
 (e) the Parent or Borrower may
repurchase their respective limited partnership units in an aggregate amount not exceeding $5,000,000 in any fiscal year. 

SECTION 9. 

EVENTS OF DEFAULT 
 9.1 Events of Default. 
 An Event of Default shall exist upon the
occurrence of any of the following specified events (each an “Event of Default”): 
 (a)
Payment. A Credit Party shall: (i) default in the payment when due of any principal amount of any of the Loans or of any reimbursement obligation arising from drawings under any Letters of Credit; or (ii) default, and such default
shall continue for five or more Business Days, in the payment when due of any interest on the Loans or of any fees or other amounts owing hereunder, under any of the other Credit Documents or in connection herewith. 

(b) Representations. Any representation, warranty or statement made or deemed to be made by a Credit Party herein,
in any of the other Credit Documents, or in any statement or certificate delivered or required to be delivered pursuant hereto or thereto shall prove to have been untrue in any material respect on the date as of which it was deemed to have been
made. 
 (c) Covenants. A Credit Party shall: 

(i) default in the due performance or observance of any term, covenant or agreement contained in Section 7.1(f), 7.8,
7.10, 7.11, 8.1, 8.2, 8.3, 8.4, 8.5, 8.6, 8.7 or 8.8; 
 (ii) default in the due performance or observance by it
of any term, covenant or agreement contained in Section 7.13 of this Credit Agreement and such default shall continue unremedied for a period of at least 5 Business Days after notice of such default is given by the Agent or a Lender to the
Borrower; or 

  
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 (iii)
default in the due performance or observance by it of any term, covenant or agreement (other than those referred to in subsections (a), (b), (c)(i) or (c)(ii) of this Section 9.1) contained in this Credit Agreement or any other Credit
Document and such default shall continue unremedied for a period of at least 30 days after the earlier of (A) a Responsible Officer of a Credit Party becoming aware of such default or (B) notice of such default is given by the Agent or a
Lender to the Borrower. 
 (d) Credit Documents. 

(i) Any Credit Document shall fail to be in full force and effect or a Credit Party shall so assert or any Credit Document
shall fail to give the Agent and/or the Lenders the rights, powers and privileges purported to be created thereby; or 
 (ii) The Agent shall cease to have a valid, perfected, first priority Lien on any Cash Collateral in any Cash Collateral Account for any reason. 

(e) Bankruptcy, etc. The occurrence of any of the following with respect to a Credit Party or a Subsidiary
(i) a court or governmental agency having jurisdiction in the premises shall enter a decree or order for relief in respect of such Credit Party or Subsidiary in an involuntary case under any applicable bankruptcy, insolvency or other similar
law now or hereafter in effect, or appoint a receiver, liquidator, assignee, custodian, trustee, sequestrator or similar official of such Credit Party or Subsidiary or for any substantial part of its property or ordering the winding up or
liquidation of its affairs; or (ii) an involuntary case under any applicable bankruptcy, insolvency or other similar law now or hereafter in effect is commenced against such Credit Party or Subsidiary and such petition remains unstayed and in
effect for a period of 90 consecutive days; or (iii) such Credit Party or Subsidiary shall commence a voluntary case under any applicable bankruptcy, insolvency or other similar law now or hereafter in effect, or consent to the entry of an
order for relief in an involuntary case under any such law, or consent to the appointment or taking possession by a receiver, liquidator, assignee, custodian, trustee, sequestrator or similar official of such Person or any substantial part of its
property or make any general assignment for the benefit of creditors; or (iv) such Credit Party or Subsidiary shall admit in writing its inability to pay its debts generally as they become due or any action shall be taken by such Person in
furtherance of any of the aforesaid purposes. 
 (f) Defaults under Other Agreements. With respect to any
Indebtedness, including any Off Balance Sheet Indebtedness, in excess of the greater of (i) $10,000,000 or (ii) the lesser of (x) three percent (3%) of Consolidated Net Tangible Assets and (y) $100,000,000 (other than
Indebtedness outstanding under this Credit Agreement) of a Credit Party or any Subsidiary such Credit Party or such Subsidiary shall (A) default in any payment (beyond the applicable grace period with respect thereto, if any) with respect to
any such Indebtedness or fail to timely pay such Indebtedness when due, or (B) default (after giving effect to any applicable grace period) in the observance or performance of any covenant or agreement relating to such Indebtedness or contained
in any instrument or agreement evidencing, securing or relating thereto, or any other event or condition shall occur or condition exist, the effect of which default or other event or condition in this clause (B) is to cause any such
Indebtedness to become due prior to its stated maturity. 

  
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 (g)
Judgments. One or more judgments, orders, or decrees shall be entered against a Credit Party or a Subsidiary involving a liability, in the aggregate, in excess of the greater of (i) $10,000,000 or (ii) the lesser of (x) three
percent (3%) of Consolidated Net Tangible Assets and (y) $50,000,000 (to the extent not paid or covered by insurance provided by a carrier who has acknowledged coverage) and such judgments, orders or decrees shall continue unsatisfied,
undischarged and unstayed for a period ending on the first to occur of (i) the last day on which such judgment, order or decree becomes final and unappealable and, where applicable, with the status of a judicial lien or (ii) 45 days.

 (h) ERISA. The occurrence of: 

(i) any of the following events or conditions which could result in a liability of a Credit Party or an ERISA Affiliate,
in the aggregate, in excess of the greater of (i) $10,000,000 or (ii) the lesser of (x) three percent (3%) of Consolidated Net Tangible Assets and (y) $25,000,000: (A) any “accumulated funding deficiency,” as
such term is defined in Section 302 of ERISA and Section 412 of the Code, whether or not waived, shall exist with respect to any Plan, or any lien shall arise on the assets of the Borrower or any ERISA Affiliate in favor of the PBGC or a
Plan; or (B) any prohibited transaction (within the meaning of Section 406 of ERISA or Section 4975 of the Code) or breach of fiduciary responsibility shall occur which would be reasonably expected to subject the Borrower or any ERISA
Affiliate to any liability under Sections 406, 409, 502(i), or 502(l) of ERISA or Section 4975 of the Code, or under any agreement or other instrument pursuant to which the Borrower or any ERISA Affiliate has agreed or is required to
indemnify any person against any such liability; or 
 (ii) any of the following events or conditions which could
result in a liability of a Credit Party or an ERISA Affiliate, in the aggregate, in excess of the greater of (i) $10,000,000 or (ii) the lesser of (x) three percent (3%) of Consolidated Net Tangible Assets and
(y) $50,000,000: (A) a Termination Event shall occur with respect to a Single Employer Plan which is, in the reasonable opinion of the Agent, likely to result in the termination of such Plan for purposes of Title IV of ERISA; or
(B) a Termination Event shall occur with respect to a Multiemployer Plan or Multiple Employer Plan which is, in the reasonable opinion of the Agent, likely to result in (x) the termination of such Plan for purposes of Title IV of
ERISA, or (y) the Borrower or any ERISA Affiliate incurring any liability in connection with a withdrawal from, reorganization of (within the meaning of Section 4241 of ERISA), or insolvency (within the meaning of Section 4245 of
ERISA) of such Plan. 
 (i) Change of Control. The occurrence of any Change of Control. 

  
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 9.2
Acceleration; Remedies. 
 Upon the occurrence of an Event of Default, and at any time thereafter unless and until
such Event of Default has been waived by the Required Lenders (or the Lenders as may be required hereunder), the Agent may, with the consent of the Required Lenders, and shall, upon the request and direction of the Required Lenders, by written
notice to the Borrower take any of the following actions without prejudice to the rights of the Agent or any Lender to enforce its claims against the Borrower, except as otherwise specifically provided for herein: 

(i) Termination of Commitments. Declare the Commitments and the obligation of the Issuing Bank to issue any Letter
of Credit to be terminated whereupon the Commitments and such obligation of the Issuing Bank to issue any Letter of Credit shall be immediately terminated. 
 (ii) Acceleration of Loans and Letters of Credit. Declare the unpaid principal of and any accrued interest in respect of all Loans, any reimbursement obligations arising from drawings under Letters
of Credit and any and all other indebtedness or obligations of any and every kind owing by the Credit Parties to any of the Lenders hereunder to be due whereupon the same shall be immediately due and payable without presentment, demand, protest or
other notice of any kind, all of which are hereby waived by the Borrower. 
 (iii) Cash Collateralize Letters
of Credit. Direct the Borrower to pay (and the Borrower agrees that upon receipt of such notice, or upon the occurrence of an Event of Default under Section 9.1(e), it will immediately pay) to the Issuing Lender additional cash, to be held
by the Issuing Lender, for the benefit of the Lenders, in a cash collateral account as security for the LOC Obligations in respect of subsequent drawings under all then outstanding Letters of Credit in an amount equal to the maximum aggregate amount
which may be drawn under all Letters of Credits then outstanding. 
 (iv) Enforcement of Rights. Enforce
any and all rights and interests created and existing under the Credit Documents, including, without limitation, all rights of set-off. 
 (v) Cash Collateral. Liquidate the Cash Collateral and apply the proceeds thereof to repay the Term Loans then outstanding. 
 Notwithstanding the foregoing, if an Event of Default specified in Section 9.1(e) shall occur, then the Commitments and the obligation of the Issuing Bank to issue any Letter of Credit shall
automatically terminate and all Loans, all reimbursement obligations under Letters of Credit, all accrued interest in respect thereof, all accrued and unpaid fees and other indebtedness or obligations owing to the Lenders and the Agent hereunder
shall immediately become due and payable without the giving of any notice or other action by the Agent or the Lenders. 
 Notwithstanding the
fact that enforcement powers reside primarily with the Agent, each Lender has, to the extent permitted by law, a separate right of payment and shall be considered a separate “creditor” holding a separate “claim” within the
meaning of Section 101(5) of the Bankruptcy Code or any other insolvency statute. 
 9.3 Allocation of Payments After
Event of Default. 
 Notwithstanding any other provision of this Credit Agreement, after the occurrence of an Event of
Default, all amounts collected or received by the Agent or any Lender on account of amounts outstanding under any of the Credit Documents shall be paid over or delivered as follows: 

FIRST, to the payment of all reasonable out-of-pocket costs and expenses (including without limitation reasonable
attorneys’ fees) of the Agent and the Lenders in connection with enforcing the rights of the Lenders under the Credit Documents, pro rata as set forth below; 

SECOND, to payment of any fees owed to the Agent, or any Lender, pro rata as set forth below; 

  
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 THIRD,
to the payment of all accrued interest payable to the Lenders hereunder, pro rata as set forth below; 
 FOURTH,
to the payment of the outstanding principal amount of the Loans and to the payment or cash collateralization of the outstanding LOC Obligations, pro rata, as set forth below; 

FIFTH, to all other obligations which shall have become due and payable under the Credit Documents and not repaid pursuant
to clauses “FIRST” through “FOURTH” above; and 
 SIXTH, to the payment of the surplus, if
any, to whomever may be lawfully entitled to receive such surplus; 
 provided, that all amounts collected from the
proceeds of Cash Collateral shall be used to repay the Term Loans. 
 In carrying out the foregoing, (a) amounts received shall be applied
in the numerical order provided until exhausted prior to application to the next succeeding category; (b) each of the Lenders shall receive an amount equal to its pro rata share (based on the proportion that the then outstanding Loans and LOC
Obligations held by such Lender bears to the aggregate then outstanding Loans and LOC Obligations), of amounts available to be applied; and (c) to the extent that any amounts available for distribution pursuant to clause “FOURTH”
above are attributable to the issued but undrawn amount of outstanding Letters of Credit, such amounts shall be held by the Agent in a cash collateral account and applied (i) first, to reimburse the Issuing Lender from time to time for any
drawings under such Letters of Credit and (ii) then, following the expiration of all Letters of Credit, to all other obligations of the types described in clauses “FOURTH”, “FIFTH” and “SIXTH” above in the manner
provided in this Section 9.3. 
 SECTION 10. 
 AGENCY PROVISIONS 
 10.1 Appointment. 

Each Lender hereby designates and appoints Wachovia Bank, National Association, as agent of such Lender to act as specified herein and the
other Credit Documents, and each such Lender hereby authorizes the Agent, as the agent for such Lender, to take such action on its behalf under the provisions of this Credit Agreement and the other Credit Documents and to exercise such powers and
perform such duties as are expressly delegated by the terms hereof and of the other Credit Documents, together with such other powers as are reasonably incidental thereto. Notwithstanding any provision to the contrary elsewhere herein and in the
other Credit Documents, the Agent shall not have any duties or responsibilities, except those expressly set forth herein and therein, or any fiduciary relationship with any Lender, and no implied covenants, functions, responsibilities, duties,
obligations or liabilities shall be read into this Credit Agreement or any of the other Credit Documents, or shall otherwise exist against the Agent. The provisions of this Section are solely for the benefit of the Agent and the Lenders and no
Credit Party shall have any rights as a third party beneficiary of the provisions hereof. In performing its functions and duties under this Credit Agreement and the other Credit Documents, the Agent shall act solely as agent of the Lenders and does
not assume and shall not be deemed to have assumed any obligation or relationship of agency or trust with or for any Credit Party. All institutions acting as a Co-Syndication Agent or Co-Documentation Agent hereunder shall have no obligations in
such capacity under the Credit Documents. 

  
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 10.2 Delegation
of Duties. 
 The Agent may execute any of its duties hereunder or under the other Credit Documents by or through agents
or attorneys-in-fact and shall be entitled to advice of counsel concerning all matters pertaining to such duties. The Agent shall not be responsible to the Lenders for the negligence or misconduct of any agents or attorneys-in-fact selected by it
with reasonable care. 
 10.3 Exculpatory Provisions. 

Neither the Agent nor any of its officers, directors, employees, agents, attorneys-in-fact or Affiliates shall be liable for any action
lawfully taken or omitted to be taken by it or such Person under or in connection herewith or in connection with any of the other Credit Documents (except for its or such Person’s own gross negligence or willful misconduct), or responsible in
any manner to any of the Lenders for any recitals, statements, representations or warranties made by any Credit Party contained herein or in any of the other Credit Documents or in any certificate, report, statement or other document referred to or
provided for in, or received by the Agent under or in connection herewith or in connection with the other Credit Documents, or enforceability or sufficiency therefor of any of the other Credit Documents, or for any failure of any Credit Party to
perform its obligations hereunder or thereunder. The Agent shall not be responsible to any Lender for the effectiveness, genuineness, validity, enforceability, collectibility or sufficiency of this Credit Agreement, or any of the other Credit
Documents or for any representations, warranties, recitals or statements made herein or therein or made by any Credit Party in any written or oral statement or in any financial or other statements, instruments, reports, certificates or any other
documents in connection herewith or therewith furnished or made by the Agent to the Lenders or by or on behalf of any Credit Party to the Agent or any Lender or be required to ascertain or inquire as to the performance or observance of any of the
terms, conditions, provisions, covenants or agreements contained herein or therein or as to the use of the proceeds of the Loans or of the existence or possible existence of any Default or Event of Default or to inspect the properties, books or
records of any Credit Party. The Agent is not a trustee for the Lenders and owes no fiduciary duty to the Lenders. 
 10.4
Reliance on Communications. 
 The Agent shall be entitled to rely, and shall be fully protected in relying, upon any
note, writing, resolution, notice, consent, certificate, affidavit, letter, cablegram, telegram, telecopy, telex or teletype message, statement, order or other document or conversation believed by it to be genuine and correct and to have been
signed, sent or made by the proper Person or Persons and upon advice and statements of legal counsel (including, without limitation, counsel to the Credit Parties, independent accountants and other experts selected by the Agent with reasonable
care). The Agent may deem and treat the Lenders as the owner of its interests hereunder for all purposes unless a written notice of assignment, negotiation or transfer thereof shall have been filed with the Agent in accordance with
Section 11.3(b). The Agent shall be fully justified in failing or refusing to take any action under this Credit Agreement or under any of the other Credit Documents unless it shall first receive such advice or concurrence of the Required
Lenders as it deems appropriate or it shall first be indemnified to its satisfaction by the Lenders against any and all liability and expense which may be incurred by it by reason of taking or continuing to take any such action. The Agent shall in
all cases be fully protected in acting, or in refraining from acting, hereunder or under any of the other Credit Documents in accordance with a request of the Required Lenders (or to the extent specifically provided in Section 11.6, all the
Lenders) and such request and any action taken or failure to act pursuant thereto shall be binding upon all the Lenders (including their successors and assigns). 

  
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 10.5 Notice of
Default. 
 The Agent shall not be deemed to have knowledge or notice of the occurrence of any Default or Event of
Default hereunder (other than an Event of Default specified in Section 9.1(a)) unless the Agent has received notice from a Lender or the Borrower referring to the Credit Document, describing such Default or Event of Default and stating that
such notice is a “notice of default.” In the event that the Agent receives such a notice, the Agent shall give prompt notice thereof to the Lenders. The Agent shall take such action with respect to such Default or Event of Default as shall
be reasonably directed by the Required Lenders. 
 10.6 Non-Reliance on Agent and Other Lenders. 

Each Lender expressly acknowledges that neither the Agent nor any of its officers, directors, employees, agents, attorneys-in-fact or
Affiliates has made any representations or warranties to it and that no act by the Agent or any Affiliate thereof hereinafter taken, including any review of the affairs of the Credit Parties, shall be deemed to constitute any representation or
warranty by the Agent to any Lender. Each Lender represents to the Agent that it has, independently and without reliance upon the Agent or any other Lender, and based on such documents and information as it has deemed appropriate, made its own
appraisal of and investigation into the business, assets, operations, property, financial and other conditions, prospects and creditworthiness of the Credit Parties and made its own decision to make its Extensions of Credit hereunder and enter into
this Credit Agreement. Each Lender also represents that it will, independently and without reliance upon the Agent or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own
credit analysis, appraisals and decisions in taking or not taking action under this Credit Agreement, and to make such investigation as it deems necessary to inform itself as to the business, assets, operations, property, financial and other
conditions, prospects and creditworthiness of the Credit Parties. Except for notices, reports and other documents expressly required to be furnished to the Lenders by the Agent hereunder, the Agent shall not have any duty or responsibility to
provide any Lender with any credit or other information concerning the business, operations, assets, property, financial or other conditions, prospects or creditworthiness of the Credit Parties which may come into the possession of the Agent or any
of its officers, directors, employees, agents, attorneys-in-fact or Affiliates. 
 10.7 Indemnification.

 Each Lender agrees to indemnify the Agent (including for purposes of this Section 10.7 the Agent in its capacity as
Issuing Lender) in its capacity as such (to the extent not reimbursed by the Credit Parties and without limiting the obligation of the Credit Parties to do so), ratably according to its Commitment Percentage, from and against any and all
liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind whatsoever which may at any time (including without limitation at any time following the payment in full of the Credit
Parties Obligations) be imposed on, incurred by or asserted against the Agent in its capacity as such in any way relating to or arising out of this Credit Agreement or the other Credit Documents or any documents contemplated by or referred to herein
or therein or the transactions contemplated hereby or thereby or any action taken or omitted by the Agent under or in connection with any of the foregoing; provided, that no Lender shall be liable for the payment of any portion of such
liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements resulting from the gross negligence or willful misconduct of the Agent. If any indemnity furnished to the Agent for any purpose shall,
in the opinion of the Agent, be insufficient or become impaired, the Agent may call for additional indemnity and cease, or not commence, to do the acts indemnified against until such additional indemnity is furnished. The agreements in this
Section 10.7 shall survive the payment of the Obligations and all other amounts payable hereunder and under the other Credit Documents and the termination of the Commitments. 

  
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 10.8 Agent in
Its Individual Capacity. 
 The Agent and its Affiliates may make loans to, accept deposits from and generally engage in
any kind of business with a Credit Party as though the Agent were not Agent hereunder. With respect to the Loans made, Letters of Credit issued and all Obligations owing to it, the Agent shall have the same rights and powers under this Credit
Agreement as any Lender and may exercise the same as though it were not the Agent, and the terms “Lender” and “Lenders” shall include the Agent in its individual capacity. 

10.9 Successor Agent. 
 The Agent may, at any time, resign upon 30 days written notice to the Lenders and the Borrower. Upon any such resignation, the Borrower with the consent of the Required Lenders (such consent of the
Required Lenders not to be unreasonably withheld or delayed) shall have the right to appoint a successor Agent. If no successor Agent shall have been so appointed and shall have accepted such appointment within 30 days after the notice of
resignation, then the retiring Agent shall in consultation with the Borrower, select a successor Agent provided such successor is a Lender hereunder or qualifies as an Eligible Assignee (or if no Eligible Assignee shall have been so appointed by the
retiring Agent and shall have accepted such appointment, then the Lenders shall perform all obligations of the retiring Agent hereunder until such time, if any, as a successor Agent shall have been appointed and shall have accepted such appointment
as provided for above). Upon the acceptance of any appointment as Agent hereunder by a successor, such successor Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the retiring Agent, and the
retiring Agent shall be discharged from its duties and obligations as Agent, as appropriate, under this Credit Agreement and the other Credit Documents and the provisions of this Section 10.9 shall inure to its benefit as to any actions taken
or omitted to be taken by it while it was Agent under this Credit Agreement; provided, if such successor Agent shall have been appointed without the consent of the Borrower, such successor Agent may be replaced by the Borrower with the consent of
the Required Lenders so long as no Event of Default has occurred and is continuing. 
 SECTION 11. 

MISCELLANEOUS 
 11.1 Notices. 
 (a) Except as otherwise expressly provided herein,
all notices and other communications shall have been duly given and shall be effective (i) when delivered, (ii) when transmitted via telecopy (or other facsimile device), (iii) the Business Day following the day on which the same has
been delivered prepaid (or pursuant to an invoice arrangement) to a reputable national overnight air courier service, or (iv) the third Business Day following the day on which the same is sent by certified or registered mail, postage prepaid,
in each case to the respective parties at the address or telecopy numbers set forth on Schedule 11.1, or at such other address as such party may specify by written notice to the other parties hereto. 

(b) Notwithstanding anything herein to the contrary, notices and other communications to the Agent, the Lenders and the Credit Parties,
may be delivered or furnished by electronic communication (including email, Internet or intranet website) pursuant to procedures approved by the Agent; provided that the certificate required to be delivered by Section 7.1(d) must be delivered
in original form. 

  
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 11.2 Right of
Set-Off. 
 In addition to any rights now or hereafter granted under applicable law or otherwise, and not by way of
limitation of any such rights, upon the occurrence of an Event of Default and the commencement of remedies described in Section 9.2, each Lender is authorized at any time and from time to time, without presentment, demand, protest or other
notice of any kind (all of which rights being hereby expressly waived), to set-off and to appropriate and apply any and all deposits (general or special) and any other indebtedness at any time held or owing by such Lender (including, without
limitation branches, agencies or Affiliates of such Lender wherever located) to or for the credit or the account of the Borrower against obligations and liabilities of the Borrower to the Lenders hereunder, under the Notes, the other Credit
Documents or otherwise, irrespective of whether the Agent or the Lenders shall have made any demand hereunder and although such obligations, liabilities or claims, or any of them, may be contingent or unmatured, and any such set-off shall be deemed
to have been made immediately upon the occurrence of an Event of Default even though such charge is made or entered on the books of such Lender subsequent thereto. 
 11.3 Benefit of Agreement. 
 (a) Generally.
This Credit Agreement shall be binding upon and inure to the benefit of and be enforceable by the respective successors and assigns of the parties hereto; provided, that the Borrower may not assign and transfer any of its interests without
the prior written consent of the Lenders; and provided, further, that the rights of each Lender to transfer, assign or grant participations in its rights and/or obligations hereunder shall be limited as set forth below in this
Section 11.3. 
 (b) Assignments. Each Lender may assign to one or more Eligible Assignees all or a
portion of its rights and obligations under this Credit Agreement (including, without limitation, all or a portion of its Loans, its Notes, its LOC Obligations and its Commitment); provided, however, that: 

(i) each such assignment shall be to an Eligible Assignee; 

(ii) except in the case of an assignment to another Lender or an assignment of all of a Lender’s rights and
obligations under this Credit Agreement, any such partial assignment shall be in an amount at least equal to $10,000,000 (or, if less, the remaining amount of the Commitment (which for this purpose includes Loans and LOC Obligations) being assigned
by such Lender) and an integral multiple of $1,000,000 in excess thereof; and 
 (iii) the parties to such
assignment shall execute and deliver to the Agent for its acceptance an Assignment Agreement in substantially the form of Exhibit 11.3(b), together with a processing fee from the assignor of $3,500. 

Upon execution, delivery, and acceptance of such Assignment Agreement, the assignee thereunder shall be a party hereto and, to the extent
of such assignment, have the obligations, rights, and benefits of a Lender hereunder and the assigning Lender shall, to the extent of such assignment, relinquish its rights (except those rights hereunder which by their terms expressly survive) and
be released from its obligations under this Credit Agreement. Upon the consummation of any assignment pursuant to this Section 11.3(b), the assignor, the Agent and the Borrower shall make appropriate arrangements so that, if required, new Notes
are issued to the assignor and the assignee. If the assignee is not incorporated under the laws of the United States of America or a state thereof, it shall deliver to the Borrower and the Agent certification as to exemption from deduction or
withholding of taxes in accordance with Section 4.4. 

  
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 By executing and
delivering an assignment agreement in accordance with this Section 11.3(b), the assigning Lender thereunder and the assignee thereunder shall be deemed to confirm to and agree with each other and the other parties hereto as follows:
(A) such assigning Lender warrants that it is the legal and beneficial owner of the interest being assigned thereby free and clear of any adverse claim created by such assigning Lender and the assignee warrants that it is an Eligible Assignee;
(B) except as set forth in clause (A) above, such assigning Lender makes no representation or warranty and assumes no responsibility with respect to any statements, warranties or representations made in or in connection with this Credit
Agreement, any of the other Credit Documents or any other instrument or document furnished pursuant hereto or thereto, or the execution, legality, validity, enforceability, genuineness, sufficiency or value of this Credit Agreement, any of the other
Credit Documents or any other instrument or document furnished pursuant hereto or thereto or the financial condition of the Borrower or the performance or observance by the Borrower of any of its obligations under this Credit Agreement, any of the
other Credit Documents or any other instrument or document furnished pursuant hereto or thereto; (C) such assigning Lender and such assignee represents and warrants that it is legally authorized to enter into such assignment agreement;
(D) such assignee confirms that it has received a copy of this Credit Agreement, the other Credit Documents and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into such
assignment agreement; (E) such assignee will independently and without reliance upon the Agent, such assigning Lender or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make
its own credit decisions in taking or not taking action under this Credit Agreement and the other Credit Documents; (F) such assignee appoints and authorizes the Agent to take such action on its behalf and to exercise such powers under this
Credit Agreement or any other Credit Document as are delegated to the Agent by the terms hereof or thereof, together with such powers as are reasonably incidental thereto; and (G) such assignee agrees that it will perform in accordance with
their terms all the obligations which by the terms of this Credit Agreement and the other Credit Documents are required to be performed by it as a Lender. 
 (c) Register. The Agent shall maintain a copy of each Assignment Agreement delivered to and accepted by it and a register for the recordation of the names and addresses of the Lenders and the
Commitment of, and principal amount of the Loans owing to, each Lender from time to time (the “Register”). The entries in the Register shall be conclusive and binding for all purposes, absent manifest error, and the Borrower, the
Agent and the Lenders may treat each Person whose name is recorded in the Register as a Lender hereunder for all purposes of this Credit Agreement. The Register shall be available for inspection by the Borrower or any Lender (with respect to any
entry relating to such Lender’s Loans, Notes, LOC Obligations or Commitment) at any reasonable time and from time to time upon reasonable prior notice. 
 (d) Acceptance. Upon its receipt of an Assignment Agreement executed by the parties thereto, together with any Note subject to such assignment and payment of the processing fee, the Agent shall, if
such Assignment Agreement has been completed and is in substantially the form of Exhibit 11.3(b) hereto, (i) accept such Assignment Agreement, (ii) record the information contained therein in the Register and (iii) give
prompt notice thereof to the parties thereto. 
 (e) Participations. Each Lender may sell participations
to one or more Persons in all or a portion of its rights, obligations or rights and obligations under this Credit Agreement (including all or a portion of its Commitment, its Notes, its LOC Obligations and its Loans); provided,
however, that (i) such Lender’s obligations under this Credit Agreement shall remain unchanged, (ii) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations,
(iii) the participant shall be entitled to the benefit of the yield protection provisions contained in Sections 4.1 through 4.4, inclusive, but shall not be entitled to receive any amount greater than such Lender would have been able to
receive, and (iv) the Borrower shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Credit Agreement, and such Lender shall retain the sole right to enforce the
obligations of the Borrower relating to its Loans, its Notes and its LOC Obligations and to approve any amendment, modification, or waiver of any provision of this Credit Agreement (other than amendments, modifications, or waivers decreasing the
amount of principal of or the rate at which interest is payable on such Loans or Notes, extending any scheduled principal payment date or date fixed for the payment of interest on such Loans or Notes, or extending its Commitment). 

  
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 (f)
Nonrestricted Assignments. Notwithstanding any other provision set forth in this Credit Agreement, any Lender may at any time assign and pledge all or any portion of its Loans and its Notes to any Federal Reserve Bank as collateral security
pursuant to Regulation A and any Operating Circular issued by such Federal Reserve Bank. No such assignment shall release the assigning Lender from its obligations hereunder. 

(g) Information. Subject to Section 11.17, any Lender may furnish any information concerning the Borrower in
the possession of such Lender from time to time to assignees and participants (including prospective assignees and participants). 
 11.4 No Waiver; Remedies Cumulative. 
 No failure or delay on the
part of the Agent or any Lender in exercising any right, power or privilege hereunder or under any other Credit Document and no course of dealing between the Borrower and the Agent or any Lender shall operate as a waiver thereof; nor shall any
single or partial exercise of any right, power or privilege hereunder or under any other Credit Document preclude any other or further exercise thereof or the exercise of any other right, power or privilege hereunder or thereunder. The rights and
remedies provided herein are cumulative and not exclusive of any rights or remedies which the Agent or any Lender would otherwise have. No notice to or demand on the Borrower in any case shall entitle the Borrower to any other or further notice or
demand in similar or other circumstances or constitute a waiver of the rights of the Agent or the Lenders to any other or further action in any circumstances without notice or demand. 

11.5 Payment of Expenses, etc. 
 The Borrower agrees to: (i) pay all reasonable out-of-pocket costs and expenses of the Agent in connection with (A) the negotiation, preparation, execution and delivery, syndication and
administration of this Credit Agreement and the other Credit Documents and the documents and instruments referred to therein (including, without limitation, the reasonable fees and expenses of counsel to the Agent) and (B) any amendment, waiver
or consent relating hereto and thereto including, but not limited to, any such amendments, waivers or consents resulting from or related to any work-out, renegotiation or restructure relating to the performance by the Borrower under this Credit
Agreement, (ii) pay all reasonable out-of-pocket costs and expenses of the Agent and each Lender in connection with (A) enforcement of the Credit Documents and the documents and instruments referred to therein (including, without
limitation, in connection with any such enforcement, the reasonable fees and disbursements of counsel for the Agent and each of the Lenders (including the allocated cost of internal counsel)) and (B) any bankruptcy or insolvency proceeding of
any Credit Party and (iii) indemnify the Agent and each Lender, their respective Affiliates and the respective officers, directors, employees, representatives and agents of the foregoing from and hold each of them harmless against any and all
losses, liabilities, claims, damages or expenses incurred by any of them as a result of, or arising out of, or in any way related to, or by reason of, any investigation, litigation or other proceeding (whether or not the Agent or any Lender is a
party thereto) related to the entering into and/or performance of any Credit Document or the use of proceeds of any Loans (including other extensions of credit) hereunder or the consummation of any other transactions contemplated in any Credit
Document, including, without limitation, the reasonable fees and disbursements of counsel and settlement costs incurred in connection with any such investigation, litigation or other proceeding (but excluding any such losses, liabilities, claims,
damages or expenses to the extent incurred by reason of gross negligence or willful misconduct on the part of the Person to be indemnified as determined by a court of competent jurisdiction by final and non-appealable judgment). 

  
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 11.6 Amendments,
Waivers and Consents. 
 Neither this Credit Agreement, nor any other Credit Document nor any of the terms hereof or
thereof may be amended, changed, waived, discharged or terminated unless such amendment, change, waiver, discharge or termination is in writing and signed by the Required Lenders and the Borrower (and if the rights or duties of the Issuing Bank are
affected thereby, by it); provided, that no such amendment, change, waiver, discharge or termination shall without the consent of each Lender affected thereby: 

(a) extend the Maturity Date (except pursuant to Section 2.11), or postpone or extend the time for any payment or
prepayment of principal (except pursuant to Section 3.3(b)) or the time of payment of any reimbursement obligation, or any portion thereof, arising from drawings under Letters of Credit; 

(b) reduce the rate or extend the time of payment of interest thereon or fees or other amounts payable hereunder;

 (c) reduce or waive the principal amount of any Loan or of any reimbursement obligation, or any portion
thereof, arising from drawings under Letters of Credit; 
 (d) increase (other than an increase to its Revolving
Commitment resulting from an increase in the Revolving Committed Amount pursuant to the sale of Cash Collateral as set forth in Section 3.2(a)(iii)) or extend the Commitment of a Lender (it being understood and agreed that a waiver of any
Default or Event of Default or a waiver of any mandatory reduction in the Commitments shall not constitute a change in the terms of any Commitment of any Lender); 

(e) consent to the assignment or transfer by the Borrower of any of its rights and obligations under (or in respect of)
the Credit Documents or release the Borrower from its obligations under the Credit Documents; 
 (f) amend,
modify or waive any provision of this Section 11.6 or Section 2.10, 3.6, 3.8, 5.2, 9.1(a), 11.2, 11.3 or 11.5; 
 (g) reduce any percentage specified in, or otherwise modify, the definition of Required Lenders; 
 (h) release the Cash Collateral except as specifically permitted hereunder and by the Collateral Documents; or 
 (i) release the Parent from its obligations under the Credit Documents or release all or substantially all of the other Guarantors from their obligations. 

No provision of Section 10 may be amended or modified without the consent of the Agent. 
 No provision of Section 2.2 may be amended or modified without the consent of each Issuing Lender affected thereby. 

  
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 No provision of Section 2.8 may
be amended or modified without the consent of the Swingline Lender. 
 Notwithstanding the fact that the consent of all the Lenders is required
in certain circumstances as set forth above, (x) each Lender is entitled to vote as such Lender sees fit on any reorganization plan that affects the Loans or the Letters of Credit, and each Lender acknowledges that the provisions of
Section 1126(c) of the Bankruptcy Code supersede the unanimous consent provisions set forth herein and (y) the Required Lenders may consent to allow the Borrower to use cash collateral in the context of a bankruptcy or insolvency
proceeding. 
 Notwithstanding anything above to the contrary, no consent of any Lender shall be required in connection with any amendment
solely to evidence a new term loan pursuant to Section 2.1(b)(iii) and the creation of any Cash Collateral Account and Account Control Agreement and the establishment of required collateral amounts associated therewith other than a Lender
providing a portion of such term loan. 
 11.7 Counterparts/Telecopy. 

This Credit Agreement may be executed in any number of counterparts, each of which where so executed and delivered shall be an original,
but all of which shall constitute one and the same instrument. Delivery of executed counterparts by telecopy or other electronic means shall be as effective as an original and shall constitute a representation that an original will be delivered.

 11.8 Headings. 
 The headings of the sections and subsections hereof are provided for convenience only and shall not in any way affect the meaning or construction of any provision of this Credit Agreement. 

11.9 Defaulting Lender. 
 Each Lender understands and agrees that if such Lender is a Defaulting Lender then it shall not be entitled to vote on any matter requiring the consent of the Required Lenders or to object to any matter
requiring the consent of all the Lenders; provided, however, that (a) a Lender’s Commitment may not be increased without its consent whether or not it is a Defaulting Lender and (b) all other benefits and obligations
under the Credit Documents shall apply to such Defaulting Lender. 
 11.10 Survival of Indemnification and Representations
and Warranties. 
 All indemnities set forth herein and all representations and warranties made herein shall survive the
execution and delivery of this Credit Agreement, the making of the Loans, the issuance of the Letters of Credit and the repayment of the Loans, LOC Obligations and other obligations and the termination of the Commitments hereunder. 

11.11 Governing Law; Venue. 
 (a) THIS CREDIT AGREEMENT AND THE OTHER CREDIT DOCUMENTS AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER AND THEREUNDER SHALL BE GOVERNED BY AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH THE
LAWS OF THE STATE OF NEW YORK. Any legal action or proceeding with respect to this Credit Agreement or any other Credit Document may be brought in the courts of the State of New York, or of the United States for the Southern District of New York,
and, by execution and delivery of this Credit Agreement, the Borrower hereby irrevocably accepts for itself and in respect of its property, generally and unconditionally, the jurisdiction of such courts. The Borrower further irrevocably consents to
the service of process out of any of the aforementioned courts in any such action or proceeding by the mailing of copies thereof by registered or certified mail, postage prepaid, to it at the address for notices pursuant to Section 11.1, such
service to become effective 30 days after such mailing. Nothing herein shall affect the right of a Lender to serve process in any other manner permitted by law or to commence legal proceedings or to otherwise proceed against the Borrower in any
other jurisdiction. 

  
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 (b) The
Borrower hereby irrevocably waives any objection which it may now or hereafter have to the laying of venue of any of the aforesaid actions or proceedings arising out of or in connection with this Credit Agreement or any other Credit Document brought
in the courts referred to in subsection (a) hereof and hereby further irrevocably waives and agrees not to plead or claim in any such court that any such action or proceeding brought in any such court has been brought in an inconvenient forum.

 11.12 Waiver of Jury Trial; Waiver of Consequential Damages. 

EACH OF THE PARTIES TO THIS CREDIT AGREEMENT HEREBY IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR
COUNTERCLAIM ARISING OUT OF OR RELATING TO THIS CREDIT AGREEMENT, ANY OF THE OTHER CREDIT DOCUMENTS OR THE TRANSACTIONS CONTEMPLATED HEREBY. The Borrower agrees not to assert any claim against the Agent, any Lender, any of their Affiliates, or any
of their respective directors, officers, employees, attorneys or agents, on any theory of liability, for special, indirect, consequential or punitive damages arising out of or otherwise relating to any of the transactions contemplated hereby or by
the other Credit Documents. 
 11.13 Severability. 

If any provision of any of the Credit Documents is determined to be illegal, invalid or unenforceable, such provision shall be fully
severable and the remaining provisions shall remain in full force and effect and shall be construed without giving effect to the illegal, invalid or unenforceable provisions. 
 11.14 Further Assurances. 
 The Borrower agrees, upon the request of
the Agent, to promptly take such actions, as reasonably requested, as are necessary to carry out the intent of this Credit Agreement and the other Credit Documents. 
 11.15 Entirety. 
 This Credit Agreement together with the other
Credit Documents represent the entire agreement of the parties hereto and thereto, and supersede all prior agreements and understandings, oral or written, if any, including any commitment letters or correspondence relating to the Credit Documents or
the transactions contemplated herein and therein. 

  
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 11.16 Binding
Effect; Continuing Agreement. 
 (a) This Credit Agreement shall become effective at such time when all
of the conditions set forth in Section 5.1 have been satisfied or waived by the Lenders and it shall have been executed by the Borrower, the Agent and the Lenders, and thereafter this Credit Agreement shall be binding upon and inure to the
benefit of the Borrower, the Agent and each Lender and their respective successors and permitted assigns. Upon this Credit Agreement becoming effective, the Existing Credit Agreement shall be deemed terminated and the Credit Parties and the lenders
party to the Existing Credit Agreement shall no longer have any obligations thereunder (other than those obligations in the Existing Credit Agreement that expressly survive termination thereof). 

(b) This Credit Agreement shall be a continuing agreement and shall remain in full force and effect until all Loans, LOC
Obligations, interest, fees and other Obligations have been paid in full and all Commitments and Letters of Credit have been terminated. Upon such termination, the Borrower shall have no further obligations (other than those provisions that
expressly survive the termination thereof) under the Credit Documents; provided, that should any payment, in whole or in part, of the Obligations be rescinded or otherwise required to be restored or returned by the Agent or any Lender,
whether as a result of any proceedings in bankruptcy or reorganization or otherwise, then the Credit Documents shall automatically be reinstated and all amounts required to be restored or returned and all costs and expenses incurred by the Agent or
any Lender in connection therewith shall be deemed included as part of the Obligations. 
 11.17 Confidentiality; USA
PATRIOT Act. 
 (a) The Agent and each Lender will keep any information delivered or made available by
the Borrower pursuant to this Credit Agreement confidential from anyone other than persons employed or retained by the Agent or such Lender and its Affiliates who are engaged in evaluating, approving, structuring or administering this Credit
Agreement; provided, that the Agent and the Lenders shall be entitled to disclose such information (a) to any other Lender or to the Agent, (b) upon the order of any court or administrative agency, (c) upon the request or
demand of any regulatory agency or authority, (d) which had been publicly disclosed other than as a result of a disclosure by the Agent or any Lender prohibited by this Agreement, (e) in connection with any litigation to which the Agent,
any Lender or its subsidiaries or parent may be a party, (f) to the extent necessary in connection with the exercise of any remedy under this Agreement, (g) to such Lender’s or Agent’s legal counsel and independent auditors and
(h) subject to provisions substantially similar to this Section 11.17, to any actual or proposed participant or assignee. 
 (b) Each Lender hereby notifies the Borrower that pursuant to the requirements of the USA PATRIOT Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Patriot
Act”), it is required to obtain, verify and record information that identifies the Borrower, which information includes the name and address of the Borrower and other information that will allow such Lender to identify the Borrower in
accordance with the Patriot Act. 
 11.18 Acknowledgments. 

The Borrower and the other Credit Parties each hereby acknowledges that: 

(a) it has been advised by counsel in the negotiation, execution and delivery of each Credit Document; 

(b) neither the Agent nor any Lender has any fiduciary relationship with or duty to the Borrower or any other Credit Party
arising out of or in connection with this Credit Agreement and the relationship between the Agent and the Lenders, on one hand, and the Borrower and the other Credit Parties, on the other hand, in connection herewith is solely that of debtor and
creditor; and 

  
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 (c) no
joint venture exists among the Lenders or among the Borrower or the other Credit Parties and the Lenders. 
 SECTION 12.

 GUARANTY 
 12.1 The Guaranty. 
 Each of the Guarantors hereby jointly and
severally guarantees to each Lender, each Affiliate of a Lender that enters into a Credit Facility Swap Contract or a Treasury Management Agreement with a Credit Party, and the Agent as hereinafter provided, as primary obligor and not as surety, the
prompt payment of the Obligations in full when due (whether at stated maturity, as a mandatory prepayment, by acceleration, as a mandatory cash collateralization or otherwise) strictly in accordance with the terms thereof. The Guarantors hereby
further agree that if any of the Obligations are not paid in full when due (whether at stated maturity, as a mandatory prepayment, by acceleration, as a mandatory cash collateralization or otherwise), the Guarantors will, jointly and severally,
promptly pay the same, without any demand or notice whatsoever, and that in the case of any extension of time of payment or renewal of any of the Obligations, the same will be promptly paid in full when due (whether at extended maturity, as a
mandatory prepayment, by acceleration, as a mandatory cash collateralization or otherwise) in accordance with the terms of such extension or renewal. 
 Notwithstanding any provision to the contrary contained herein or in any other of the Credit Documents, Credit Facility Swap Contracts or Treasury Management Agreements, the obligations of each Guarantor
under this Agreement and the other Credit Documents shall be limited to an aggregate amount equal to the largest amount that would not render such obligations subject to avoidance under the Bankruptcy Code or any comparable provisions of any
applicable state law. 
 12.2 Obligations Unconditional. 

The obligations of the Guarantors under Section 12.1 are joint and several, absolute and unconditional, irrespective of the value,
genuineness, validity, regularity or enforceability of any of the Credit Documents, Credit Facility Swap Contracts or Treasury Management Agreements, or any other agreement or instrument referred to therein, or any substitution, release, impairment
or exchange of any other guarantee of or security for any of the Obligations, and, to the fullest extent permitted by applicable law, irrespective of any other circumstance whatsoever which might otherwise constitute a legal or equitable discharge
or defense of a surety or guarantor, it being the intent of this Section 12.2 that the obligations of the Guarantors hereunder shall be absolute and unconditional under any and all circumstances. Each Guarantor agrees that such Guarantor shall
have no right of subrogation, indemnity, reimbursement or contribution against either the Borrower or any other Guarantor for amounts paid under this Section 12 until such time as the Obligations have been paid in full and the Commitments have
expired or terminated. Without limiting the generality of the foregoing, it is agreed that, to the fullest extent permitted by law, the occurrence of any one or more of the following shall not alter or impair the liability of any Guarantor
hereunder, which shall remain absolute and unconditional as described above: 
 (a) at any time or from time to
time, without notice to any Guarantor, the time for any performance of or compliance with any of the Obligations shall be extended, or such performance or compliance shall be waived; 

  
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 (b) any
of the acts mentioned in any of the provisions of any of the Credit Documents, any Credit Facility Swap Contract or Treasury Management Agreement between Credit Party and any Lender, or any Affiliate of a Lender, or any other agreement or instrument
referred to in the Credit Documents, such Credit Facility Swap Contracts or such Treasury Management Agreements shall be done or omitted; 
 (c) the maturity of any of the Obligations shall be accelerated, or any of the Obligations shall be modified, supplemented or amended in any respect, or any right under any of the Credit Documents, any
Credit Facility Swap Contract or Treasury Management Agreement between any Credit Party and any Lender, or any Affiliate of a Lender, or any other agreement or instrument referred to in the Credit Documents, such Credit Facility Swap Contracts or
such Treasury Management Agreements shall be waived or any other guarantee of any of the Obligations or any security therefor shall be released, impaired or exchanged in whole or in part or otherwise dealt with; 

(d) any Lien granted to, or in favor of, the Agent or any Lender or Lenders as security for any of the Obligations shall
fail to attach or be perfected; or 
 (e) any of the Obligations shall be determined to be void or voidable
(including, without limitation, for the benefit of any creditor of any Guarantor) or shall be subordinated to the claims of any Person (including, without limitation, any creditor of any Guarantor). 

With respect to its obligations hereunder, each Guarantor hereby expressly waives diligence, presentment, demand of payment, protest and
all notices whatsoever, and any requirement that the Agent or any Lender exhaust any right, power or remedy or proceed against any Person under any of the Credit Documents, any Credit Facility Swap Contract or any Treasury Management Agreement
between any Credit Party and any Lender, or any Affiliate of a Lender, or any other agreement or instrument referred to in the Credit Documents, such Credit Facility Swap Contracts or such Treasury Management Agreements, or against any other Person
under any other guarantee of, or security for, any of the Obligations. 
 12.3 Reinstatement. 

The obligations of the Guarantors under this Section 12 shall be automatically reinstated if and to the extent that for any reason
any payment by or on behalf of any Person in respect of the Obligations is rescinded or must be otherwise restored by any holder of any of the Obligations, whether as a result of any proceedings in bankruptcy or reorganization or otherwise, and each
Guarantor agrees that it will indemnify the Agent and each Lender on demand for all reasonable costs and expenses (including, without limitation, the reasonable fees, charges and disbursements of counsel) incurred by the Agent or such Lender in
connection with such rescission or restoration, including any such costs and expenses incurred in defending against any claim alleging that such payment constituted a preference, fraudulent transfer or similar payment under any bankruptcy,
insolvency or similar law. 
 12.4 Certain Additional Waivers. 

Each Guarantor further agrees that such Guarantor shall have no right of recourse to security for the Obligations, except through the
exercise of rights of subrogation pursuant to Section 12.2 and through the exercise of rights of contribution pursuant to Section 12.6. 

  
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 12.5
Remedies. 
 The Guarantors agree that, to the fullest extent permitted by law, as between the Guarantors, on the one
hand, and the Agent and the Lenders, on the other hand, the Obligations may be declared to be forthwith due and payable as provided in Section 9.2 (and shall be deemed to have become automatically due and payable in the circumstances provided
in said Section 9.2) for purposes of Section 12.1 notwithstanding any stay, injunction or other prohibition preventing such declaration (or preventing the Obligations from becoming automatically due and payable) as against any other Person
and that, in the event of such declaration (or the Obligations being deemed to have become automatically due and payable), the Obligations (whether or not due and payable by any other Person) shall forthwith become due and payable by the Guarantors
for purposes of Section 12.1. The Guarantors acknowledge and agree that their obligations hereunder are secured in accordance with the terms hereof and of the Collateral Documents and that the Lenders may exercise their remedies thereunder in
accordance with the terms thereof. 
 12.6 Rights of Contribution. 

The Guarantors agree among themselves that, in connection with payments made hereunder, each Guarantor shall have contribution rights
against the other Guarantors as permitted under applicable law. Such contribution rights shall be subordinate and subject in right of payment to the obligations of such Guarantors under the Credit Documents and no Guarantor shall exercise such
rights of contribution until all Obligations have been paid in full and the Commitments have terminated. 
 12.7 Guarantee
of Payment; Continuing Guarantee. 
 The guarantee in this Section 12 is a guaranty of payment and not of
collection, is a continuing guarantee, and shall apply to all Obligations whenever arising. 

  
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 Each of the parties
hereto has caused a counterpart of this Credit Agreement to be duly executed and delivered as of the date first above written. 
  

									
	 BORROWER:
	 		 	DCP MIDSTREAM OPERATING, LP
					
		 		 		 	By:	 	 /s/ Thomas E. Long

		 		 		 		 	 Thomas E. Long
 Vice
President and Chief Financial Officer

					
	 GUARANTORS:
	  	DCP MIDSTREAM PARTNERS, LP
			
		  	By:	  	DCP Midstream GP, LP its General Partner
			
		  	By:	  	DCP Midstream GP, LLC its General Partner
			
		  	By:	  	 /s/ Thomas E. Long

		  		  	 Thomas E. Long
 Vice
President and Chief Financial Officer

		
		  	DCP MIDSTREAM OPERATING, LLC
			
		  	By:	  	 /s/ Thomas E. Long

		  		  	 Thomas E. Long
 Vice
President and Chief Financial Officer

		
		  	DCP ASSETS HOLDING GP, LLC
			
		  	By:	  	 /s/ Thomas E. Long

		  		  	 Thomas E. Long
 Vice
President and Chief Financial Officer

		
		  	DCP ASSETS HOLDING, LP
			
		  	By:	  	DCP Assets Holding GP, LLC its General Partner
			
		  	By:	  	 /s/ Thomas E. Long

		  		  	 Thomas E. Long
 Vice
President and Chief Financial Officer

		
		  	DCP BLACK LAKE HOLDING, LP
			
		  	By:	  	DCP Assets Holding GP, LLC its General Partner
			
		  	By:	  	 /s/ Thomas E. Long

		  		  	 Thomas E. Long
 Vice
President and Chief Financial Officer

  
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		  	 ASSOCIATED LOUISIANA INTRASTATE PIPE LINE, LLC

			
		  	 By:
	  	 /s/ Thomas E. Long

		  		  	 Thomas E. Long

		  		  	 Vice President and Chief Financial Officer

		
		  	 DCP INTRASTATE PIPELINE, LLC

			
		  	 By:
	  	 /s/ Thomas E. Long

		  		  	 Thomas E. Long

		  		  	 Vice President and Chief Financial Officer

		
		  	 PELICO PIPELINE, LLC

			
		  	 By:
	  	 /s/ Thomas E. Long

		  		  	 Thomas E. Long

		  		  	 Vice President and Chief Financial Officer

		
		  	 GAS SUPPLY RESOURCES LLC

			
		  	 By:
	  	 /s/ Thomas E. Long

		  		  	 Thomas E. Long

		  		  	 Vice President and Chief Financial Officer

		
		  	 GSRI TRANSPORTATION LLC

			
		  	 By:
	  	 /s/ Thomas E. Long

		  		  	 Thomas E. Long

		  		  	 Vice President and Chief Financial Officer

		
		  	 WILBREEZE PIPELINE, LP

			
		  	 By:
	  	 /s/ Thomas E. Long

		  		  	 Thomas E. Long

		  		  	 Vice President and Chief Financial Officer

  
 DCP
Midstream Operating, LP 
 Amended and Restated Credit Agreement 

  
 3 

  
 
			
	DCP LINDSAY, LLC
		
	 By:
	 	 /s/ Thomas E. Long

		 	 Thomas E. Long

		 	 Vice President and Chief Financial Officer

	
	DCP MIDSTREAM FINANCE CORP.
		
	 By:
	 	 /s/ Thomas E. Long

		 	 Thomas E. Long

		 	 Vice President and Chief Financial Officer

  
 DCP
Midstream Operating, LP 
 Amended and Restated Credit Agreement 

  
 4 

  

LENDERS: 
  

					
	WACHOVIA BANK, NATIONAL ASSOCIATION, as Agent
and as a Lender
		
	By:	 	 /s/ Lawrence P. Sullivan

		 	Name:	 	Lawrence P. Sullivan
		 	Title:	 	Managing Director

  
 DCP
Midstream Operating, LP 
 Amended and Restated Credit Agreement 

  
 5 

  
 
					
	SUNTRUST BANK, as a Lender
		
	By:	 	 /s/ Carmen J. Malizia

		 	Name:	 	Carmen J. Malizia
		 	Title:	 	Vice President

  
 DCP
Midstream Operating, LP 
 Amended and Restated Credit Agreement 

  
 6 

  
 
					
	CITIBANK, N.A., as a Lender
		
	By:	 	 /s/ Amy Pineu

		 	Name:	 	Amy Pineu
		 	Title:	 	Attorny-in-Fact

  
 DCP
Midstream Operating, LP 
 Amended and Restated Credit Agreement 

  
 7 

  
 
					
	UBS LOAN FINANCE LLC, as a Lender
		
	By:	 	 /s/ Richard L. Tavrow

		 	Name:	 	Richard L. Tavrow
		 	Title:	 	Director
		
	By:	 	 /s/ David B. Julie

		 	Name:	 	David B. Julie
		 	Title:	 	Associate Director

  
 DCP
Midstream Operating, LP 
 Amended and Restated Credit Agreement 

  
 8 

  
 
					
	KEY BANK, NATIONAL
ASSOCIATION, as a Lender
		
	By:	 	 /s/ Keven D. Smith

		 	Name:	 	Keven D. Smith
		 	Title:	 	Senior Vice President

  
 DCP
Midstream Operating, LP 
 Amended and Restated Credit Agreement 

  
 9 

  
 
					
	LEHMAN BROTHERS BANK, FSB, as a
Lender
		
	 By:
	 	 /s/ Janine M. Shugan

		 	 Name:
	 	Janine M. Shugan
		 	 Title:
	 	Authorized Signatory

  
 DCP
Midstream Operating, LP 
 Amended and Restated Credit Agreement 

  
 10 

  
 
					
	THE ROYAL BANK OF SCOTLAND
PLC, as a Lender
		
	By:	 	 /s/ Patricia Dundee

		 	Name:	 	Patricia Dundee
		 	Title:	 	Managing Director

  
 DCP
Midstream Operating, LP 
 Amended and Restated Credit Agreement 

  
 11 

  
 
					
	JPMORGAN CHASE BANK, N.A., as a
Lender
		
	By:	 	 /s/ Tara Narasiman

		 	Name:	 	Tare Narasiman
		 	Title:	 	Associate

  
 DCP
Midstream Operating, LP 
 Amended and Restated Credit Agreement 

  
 12 

  
 
					
	BANK OF TOKYO-MITSUBISHI UFJ
TRUST COMPANY, as a Lender
		
	By:	 	 /s/ A. Reiter

		 	Name:	 	A. Reiter
		 	Title:	 	Authorized Signatory

  
 DCP
Midstream Operating, LP 
 Amended and Restated Credit Agreement 

  
 13 

  
 
					
	WELLS FARGO BANK, N.A., as a Lender
		
	By:	 	 /s/ Guy Evangelista

		 	Name:	 	Guy Evangelista
		 	Title:	 	Vice President

  
 DCP
Midstream Operating, LP 
 Amended and Restated Credit Agreement 

  
 14 

  
 
					
	BANK OF AMERICA, N.A., as a Lender
		
	By:	 	 /s/ Gabe Gomez

		 	Name:	 	Gabe Gomez
		 	Title:	 	Vice President

  
 DCP
Midstream Operating, LP 
 Amended and Restated Credit Agreement 

  
 15 

  
 
					
	BARCLAYS BANK PLC, as a Lender
		
	By:	 	 /s/ Esther Carr

		 	Name:	 	Esther Carr
		 	Title:	 	Manager

  
 DCP
Midstream Operating, LP 
 Amended and Restated Credit Agreement 

  
 16 

  
 
					
	CREDIT SUISSE, Cayman Islands Branch
as a Lender
		
	By:	 	 /s/ Thomas Cantello

		 	Name:	 	Thomas Cantello
		 	Title:	 	Director
		
	By:	 	 /s/ Shaheen Malik

		 	Name:	 	Shaheen Malik
		 	Title:	 	Associate

  
 DCP
Midstream Operating, LP 
 Amended and Restated Credit Agreement 

  
 17 

  
 
					
	MERRILL LYNCH BANK USA, as a
Lender
		
	By:	 	 /s/ Louis Alder

		 	Name:	 	Louis Alder
		 	Title:	 	Director

  
 DCP
Midstream Operating, LP 
 Amended and Restated Credit Agreement 

  
 18 

  
 
					
	BANK HAPOALIM B.M., as a Lender
		
	By:	 	 /s/ Helen H. Gateson

		 	Name:	 	Helen H. Gateson
		 	Title:	 	Vice President
		
	By:	 	 /s/ Charles McLaughlin

		 	Name:	 	Charles McLaughlin
		 	Title:	 	Senior Vice President

  

DCP Midstream Operating, LP 
 Amended and Restated .Credit Agreement 

  
 19 

  
 Schedule 1.1

 Commitment Percentages 
  

													
	 Name of Lender
	  	Revolving
Loans
Commitment	  	Revolving Loans
Commitment
Percentage	 	Term Loan A2
Commitment	  	Term Loan A2
Commitment
Percentage	 	Term Loan A3
Commitment	  	Term Loan A3
Commitment
Percentage
							
	Wachovia Bank, National Association	  	$52,235,294.13	  	8.705882353%	 	$8,705,882.34	  	8.705882353%	 	$13,058,823.53	  	8.705882353%
							
	 SunTrust Bank
	  	$52,235,294.13	  	8.705882353%	 	$8,705,882.34	  	8.705882353%	 	$13,058,823.53	  	8.705882353%
							
	 Citibank, N.A.
	  	$47,823,529.41	  	7.970588235%	 	$7,970,588.24	  	7.970588235%	 	$11,955,882.35	  	7.970588235%
							
	 The Royal Bank of Scotland PLC
	  	$47,823,529.41	  	7.970588235%	 	$7,970,588. 24	  	7.970588235%	 	$11,955,882.35	  	7.970588235%
							
	 JPMorgan Chase Bank, N.A.
	  	$47,823,529.41	  	7.970588235%	 	$7,970,588. 24	  	7.970588235%	 	$11,955,882.35	  	7.970588235%
							
	Bank of Tokyo-Mitsubishi UFJ Trust Company	  	$47,823,529.41	  	7.970588235%	 	$7,970,588. 24	  	7.970588235%	 	$11,955,882.35	  	7.970588235%
							
	 Key Bank, National Association
	  	$36,705,882.35	  	6.117647059%	 	$6,117,647.06	  	6.117647059%	 	$9,176,470.59	  	6.117647059%
							
	 Lehman Commercial Paper Inc.
	  	$36,705,882.35	  	6.117647059%	 	$6,117,647.06	  	6.117647059%	 	$9,176,470.59	  	6.117647059%
							
	 UBS Loan Finance LLC
	  	$36,705,882.35	  	6.117647059%	 	$6,117,647.06	  	6.117647059%	 	$9,176,470.59	  	6.117647059%
							
	 Wells Fargo Bank, N.A.
	  	$36,705,882.35	  	6.117647059%	 	$6,117,647.06	  	6.117647059%	 	$9,176,470.59	  	6.117647059%
							
	Bank of America, National Association	  	$36,705,882.35	  	6.117647059%	 	$6,117,647.06	  	6.117647059%	 	$9,176,470.59	  	6.117647059%
							
	 Barclays Bank PLC
	  	$36,705,882.35	  	6.117647059%	 	$6,117,647.06	  	6.117647059%	 	$9,176,470.59	  	6.117647059%
							
	 Credit Suisse
	  	$36,705,882.35	  	6.117647059%	 	$6,117,647.06	  	6.117647059%	 	$9,176,470.59	  	6.117647059%
							
	 Merrill Lynch Bank USA
	  	$36,705,882.35	  	6.117647059%	 	$6,117,647.06	  	6.117647059%	 	$9,176,470.59	  	6.117647059%
							
	 Bank Hapoalim
	  	$10,588,235.30	  	1.764705882%	 	$1,764,705.88	  	1.764705882%	 	$2,647,058.82	  	1.764705882%
		  	 	  	 	 	 	  	 	 	 	  	 
	 Total
	  	$600,000,000	  	100%	 	$100,000,000	  	100%	 	$150,000,000	  	100%

  
 SCHEDULE 2.2

 Existing Letters of Credit 
  

											
	 Credit Party
	 	 LC #
	  	 Beneficiary
	  	 LC Amount global
	  	 Issue Date
	  	 Expiry Date

	 DCP

Midstream
 Operating
	 	SM223440	  	Ace American Insurance Co.	  	$190,500	  	12/15/2006	  	12/15/2007

  
 SCHEDULE 6.13

 Subsidiaries 
  

					
	 Subsidiary
	 	 Owner(s)
	 	 Interest(s)

	DCP Midstream Partners, LP	 	DCP LP Holdings, LP	 	Limited Partner
			
		 	DCP Midstream GP, LP	 	General Partner
			
		 	Public	 	Common units
			
	DCP Midstream Operating, LLC	 	DCP Midstream Partners, LP	 	100%
	DCP Midstream Operating, LP	 	DCP Midstream Partners, LP	 	99.999% (LP)
			
		 	DCP Midstream Operating, LLC	 	.001% (GP)
			
	DCP Assets Holding GP, LLC	 	DCP Midstream Operating, LP	 	100%
			
	DCP Assets Holding, LP	 	DCP Midstream Operating, LP	 	99.5% (LP)
			
		 	DCP Assets Holding GP, LLC	 	.5% (GP)
			
	DCP Black Lake Holdings, LP	 	DCP Assets Holding, LP	 	99.999% (LP)
			
		 	DCP Assets Holding GP, LLC	 	.001% (GP)
	 Associated Louisiana Interstate Pipe Line, LLC
	 	DCP Assets Holding, LP	 	100%
	DCP Intrastate Pipeline, LLC	 	DCP Assets Holding, LP	 	100%
	Pelico Pipeline, LLC	 	DCP Assets Holding, LP	 	100%
	Wilbreeze Pipeline, LP	 	DCP Assets Holding, LP	 	99.999% (LP)
			
		 	DCP Assets Holding GP, LLC	 	.001% (GP)
	Gas Supply Resources LLC	 	DCP Assets Holding, LP	 	100%
	GSRI Transportation LLC	 	Gas Supply Resources LLC	 	100%
	DCP Lindsay, LLC	 	DCP Assets Holding, LP	 	100%
	DCP Midstream Partners Finance Corp.	 	DCP Midstream Partners, LP	 	100%

  
 Schedule 8.5

 Affiliate Transactions 
 None. 

  
 Schedule 11.1

 Notices 

Borrower 
 DCP Midstream
Operating, LP 
 370 17th Street 

Suite 2775 
 Denver, Colorado 80202 

Attn:     Tom Long 
      Vice President and Chief Financial Officer 

			
	Telephone:	  	(303) 633 2910
	Facsimile:	  	(303) 633 2921

 with a copy to: 

DCP Midstream Operating, LP 

370
17th Street 

Suite 2775 
 Denver, Colorado 80202 

Attn:    Greg Lawhorn 

Telephone:    303-633-2915 

Facsimile:     303-633-2921 
 Agent 
 Wachovia Bank, National Association 

301 South College Street 
 NC-0760, DC-06

 Charlotte, North Carolina 28288-0760 

			
	Attn:	    	Larry Sullivan
	Telephone:	    	704-715-1794
	Facsimile:	    	704-383-6647
	E-mail:	    	Larry.Sullivan@Wachovia.com

 Operations contact and copies
to: 
 Wachovia Bank, National Association 
 Charlotte Plaza 
 201 South College Street, CP-8 

Charlotte, North Carolina 28288-0680 

			
	Attention:	    	Syndication Agency Services
	Telephone:	    	704-383-1366
	Facsimile:	    	704-383-0288

  
 Lenders 

SunTrust Bank 
 SunTrust Bank 

303 Peachtree Street, 10th Floor 

Atlanta, GA 30308 

Attn:    Linda Stanley 

			
	Telephone:	    	404-532-0989
	Facsimile:	    	404-827-6270
	E-mail:	    	Linda.Stanley@suntrust.com

 Operations contact:

 SunTrust Bank 

303 Peachtree Street, 10th Floor 

Atlanta, GA 30308 

Attn:    Tina Marie Edwards 

			
	Telephone:	    	404-588-8660
	Facsimile:	    	404-230-1940
	E-mail:	    	tinamarie.edwards@suntrust.com

 Citibank, N.A. 

Citibank, N.A. 
 333 Clay Street, Suite 3700

 Houston, TX 77002 

Attn:    Todd Mogil 

			
	Telephone:	    	713-654-3559
	Facsimile:	    	713-481-0247
	E-mail:	    	todd.j.mogil@citi.com

 Operations contact: 

Citibank, N.A. 
 One Penn’s Way 

New Castle, DE 19720 

Attn:    Maryellen Winkler 

			
	Telephone:	    	302-894-6071
	Facsimile:	    	302-994-0847
	E-mail:	    	maryellen.winkler@citi.com

  
 UBS Loan Finance LLC 

UBS Loan Finance LLC 
 677 Washington Boulevard

 Stamford, CT 06901 

Attn:    Richard Tavrow 

			
	Telephone:	    	203-719-3562
	Facsimile:	    	203-719-3092
	E-mail:	    	richard.tavrow@ubs.com

 Operations contact: 

UBS Loan Finance LLC 
 677 Washington Boulevard

 Stamford, CT 06901 

Attn:    Marie Haddad 

			
	Telephone:	    	203-719-5609
	Facsimile:	    	203-719-3888
	E-mail:	    	marie.haddad@ubs.com

 Key Bank, National Association

 Key Bank, National Association 
 601 108th
Avenue NE, 5th Floor 
 Bellevue, Washington 98004 
 Attn:    Keven D. Smith 

			
	Telephone:	    	425-709-4579
	Facsimile:	    	425-709-4987
	E-mail:	    	Keven_D_Smith@keybank.com

 Operations contact: 

Key Bank, National Association 
 127 Public Square, 8th Floor 
 Cleveland, OH 44114 
 Attn:    Yvette M. Dyson-Owens 

			
	Telephone:	    	216-689-4358
	Facsimile:	    	216-689-5962
	E-mail:	    	Yvette_M_Dyson-Owens@keybank.com

  
 Lehman Brothers Commercial Bank

 Lehman Brothers Commercial Bank 
 745 7th
Avenue, 5th Floor 

New York, NY 10019 

Attn:    Frank Turner 

			
	Telephone:	    	212-526-1463
	Facsimile:	    	646-758-1986
	E-mail:	    	Fturner@lehman.com

 Operations contact: 

Lehman Brothers Commercial Bank 
 745 7th
Avenue, 16th Floor 

New York, NY 10019 

Attn:    Wendy Lau 

			
	Telephone:	    	212-526-6560
	Facsimile:	    	212-520-0450
	E-mail:	    	Wlau@lehman.com

 The Royal Bank of Scotland PLC

 The Royal Bank of Scotland plc 
 600
Travis Street, Suite 6500 
 Houston, TX 77002 
 Attn:    Patricia Dundee 

			
	Telephone:	    	713-221-2423
	Facsimile:	    	713-221-2430
	E-mail:	    	patricia.dundee@rbos.com

 Operations contact: 

The Royal Bank of Scotland plc 
 101 Park Avenue — 12th Floor 
 New York, NY 10178 
 Attn:    Julie Strelchenko 

			
	Telephone:	    	212-401-1404
	Facsimile:	    	212-401-1494
	E-mail:	    	julie.strelchenko@rbos.com

  
 JPMorgan Chase Bank, N.A. 

JPMorgan Chase Bank, N.A. 
 712 Main Street,
Floor 12 
 Houston, TX 77002 

Attn:    Tara Narasiman 

			
	Telephone:	    	713-216-7738
	Facsimile:	    	713-216-7794
	E-mail:	    	tara.t.narasiman@jpmorgan.com

 Operations contact:

 JPMorgan Chase Bank, N.A. 
 10 South
Dearborn, Floor 07 
 Chicago, IL 60603-2003 
 Attn:    Nanette Wilson 

			
	Telephone:	    	312-385-7084
	Facsimile:	    	312-385-7096
	E-mail:	    	nanette.wilson@jpmchase.com

 Bank of Tokyo-Mitsubishi UFJ
Trust Company 
 Bank of Tokyo-Mitsubishi UFJ Trust Company 
 1251 Avenue of the Americas, 12th Floor 
 New York, NY 10020-1104 
 Attn:    Alan Reiter, Vice President 

			
	Telephone:	    	212-782-5649
	Facsimile:	    	212-782-6440
	E-mail:	    	areiter@us.mufg.jp

 Operations contact: 

Bank of Tokyo-Mitsubishi UFJ Trust Company 
 C/O
The Bank of Tokyo-Mitsubishi UFJ, Ltd., NY Branch 
 1251 Avenue of the Americas, 12th Floor 
 New York, NY 10020-1104 
 Attn:    Mr. Rolando Uy 

			
	Telephone:	    	201-413-8570
	Facsimile:	    	201-521-2304 or 201-521-2305

  
 Wells Fargo Bank, N.A. 

Wells Fargo Bank, N.A. 

1700 Lincoln, 6th Floor 

Denver, CO 80203 

Attn:    Guy Evangelista 

			
	Telephone:	    	303-863-5793
	Facsimile:	    	303-863-5196
	E-mail:	    	guy.c.evangelista@wellsfargo.com

 Operations contact:

 Wells Fargo Bank, N.A. 
 1740
Broadway 
 Denver, CO 80274 

Attn:    Patricia DelReal 

			
	Telephone:	    	303-863-5183
	Facsimile:	    	303-863-2729
	E-mail:	    	Patricia.D.DelReal-Flores@wellsfargo.com

 Barclays Bank
PLC 
 Barclays Bank PLC 
 200 Park Avenue, 4th Floor 
 New York, NY 10166 
 Attn:    Nicholas Bell 

			
	Telephone:	    	212-412-4029
	Facsimile:	    	212-412-7600
	E-mail:	    	nicholas.bell@barcap.com

 Operations contact: 

Barclays Bank PLC 
 200 Cedar Knolls Road

 Whippany, NJ 07981 

Attn:    Robert Coleman 

			
	Telephone:	    	973-576-3919
	Facsimile:	    	973-576-3014
	E-mail:	    	robert.coleman@barcap.com

  
 Merrill Lynch Bank USA 

Merrill Lynch Bank USA 
 15 W. South Temple,
Suite 300 
 Salt Lake City, UT 84101 

Attn:    Rhett Anderson 

			
	Telephone:	    	801-526-8316
	Facsimile:	    	801-531-7470
	E-mail:	    	Rhett Anderson@ml.com

 Operations contact: 

Merrill Lynch Bank USA 
 15 W. South Temple,
Suite 300 
 Salt Lake City, UT 84101 

Attn:    Mark Cannon 

			
	Telephone:	    	801-526-8631
	Facsimile:	    	801-350-4667
	E-mail:	    	Mark Cannon@ml.com

 Bank of America, National Association

 Bank of America 

700 Louisiana St., 8th Floor 

Houton, TX 77002-2700 

Attn:    Gabe Gomez 

			
	Telephone:	    	713-247-7269
	Facsimile:	    	713-247-7288
	E-mail:	    	gabe.b.gomez@bankofamerica.com

 Operations contact:

 Bank of America, National Association 
 901 Main St., 14th Floor 
 Dallas, TX 75202-3714 
 Attn:    Ramon Gomez, Jr. 

			
	Telephone:	    	214-209-2627
	Facsimile:	    	214-290-8367
	E-mail:	    	ramon.gomez lr@bankofamerica.com

  
 Credit Suisse 

Credit Suisse 
 Eleven Madison Avenue

 New York, NY 10010 

Attn:    Tom Cantello 

			
	Telephone:	    	212-325-6865
	Facsimile:	    	212-325-8321
	E-mail:	    	thomas.cantello@credit-suisse.com

 Operations contact:

 Credit Suisse 
 Eleven Madison
Avenue 
 New York, NY 10010 

Attn:    Hazel Leslie 

			
	Telephone:	    	212-325-9041
	Facsimile:	    	212-538-9120
	E-mail:	    	hazel.leslie@credit-suisse.com

 Bank Hapoalim 

Bank Hapoalim 
 1177 Avenue of the Americas

 New York, NY 

Attn:    Helen Gateson 

			
	Telephone:	    	212-782-2161

  
 EXHIBIT 1.1 

FORM OF RATING AGENCY DESIGNATION 
  

									
	 TO:
	  	 Wachovia Bank, National Association, as Administrative Agent
 under the Credit Agreement referred to below
 Charlotte Plaza

201 South College Street, CP-8
 Charlotte, North
Carolina 28288-0680
	  		  	
				
	 RE:
	  	Amended and Restated Credit Agreement dated as of June __, 2007 among DCP Midstream Operating, LP (the “Borrower”), DCP Midstream Partners, LP and
certain of its subsidiaries from time to time party thereto (the “Guarantors”), the Lenders identified therein and Wachovia Bank, National Association, as Agent (the “Agent”) for the Lenders (as amended or otherwise
modified from time to time, the “Credit Agreement”)	  		  	
					
	 DATE:
	  	                    ,
            	  		  		  	
	 	  	 	  		  		  	

  

	1.	This Rating Agency Designation is made pursuant to the terms of the Credit Agreement. All capitalized terms used herein unless otherwise defined shall have the meanings
set forth in the Credit Agreement. 

  

	2.	Please be advised that, as of the date hereof, the Borrower hereby notifies you that the current Designated Rating Agencies are: 

1.
                                         
                                         
  ; 
 2.
                                         
                                         
  ; and 
 3.
                                         
                                         
  . 
  

			
	DCP MIDSTREAM OPERATING, LP
		
	By:	 	  

		 	Name:
		 	Title:

  
 EXHIBIT 2.3 

FORM OF NOTICE OF BORROWING 
  

									
	 TO:
	  	 Wachovia Bank, National Association, as Administrative Agent
 under the Credit Agreement referred to below
 Charlotte Plaza

201 South College Street, CP-8
 Charlotte, North
Carolina 28288-0680
	  		  	
				
	 RE:
	  	Amended and Restated Credit Agreement dated as of June __, 2007 among DCP Midstream Operating, LP (the “Borrower”), DCP Midstream Partners, LP and
certain of its subsidiaries from time to time party thereto (the “Guarantors”), the Lenders identified therein and Wachovia Bank, National Association, as Agent (the “Agent”) for the Lenders (as amended or otherwise
modified from time to time, the “Credit Agreement”)	  		  	
					
	 DATE:
	  	                    ,
            	  		  		  	
	 	  	 	  		  		  	

  

	1.	This Notice of Borrowing is made pursuant to the terms of the Credit Agreement. All capitalized terms used herein unless otherwise defined shall have the meanings set
forth in the Credit Agreement. 

  

	2.	Please be advised that the Borrower is requesting [Revolving Loans][Swingline Loans][Term Loan A2 borrowings][Term Loan A3 borrowings] in the amount of
$                     to be funded on
                    ,              (must be a Business Day) at the interest
rate option set forth in paragraph below. 

  

	3.	[Subsequent to the funding of the requested Loans, the aggregate amount of Revolving Loans outstanding plus the aggregate amount of LOC Obligations and Swingline
Loans outstanding will be $                    , which is less than or equal to the Revolving Committed Amount.] 

[Subsequent to the funding of the requested Loans, the aggregate amount of the Term Loan A2 outstanding will be
$                    , which is less than or equal to the Term Loan A2 Committed Amount.] 

[Subsequent to the funding of the requested Loans, the aggregate amount of the Term Loan A3 outstanding will be
$                    , which is less than or equal to the Term Loan A3 Committed Amount.] 

 

	4.	The interest rate option applicable to the requested Loans shall be: 

  

			
	 a.
	  	                         the Base
Rate
		
	 b.
	  	                         the Adjusted Eurodollar
Rate for an Interest Period of:
		
		  	                  one
month

		  	                  two
months

			
		  	                  three
months

		  	                  six
months

		
	 c.
	  	                         the Adjusted LIBOR Market
Index Rate

  

	5.	As of the date on which funds are to be advanced, all representations and warranties contained in the Credit Agreement and in the other Credit Documents will be true
and correct in all material respects (except to the extent such representations and warranties expressly and exclusively relate to an earlier date). 

  

	6.	As of the date on which funds are to be advanced, no Default or Event of Default will have occurred and be continuing or will be caused by the funding of Loans pursuant
to this Notice of Borrowing. 

  

	7.	[The Borrower has complied with the requirements of Section 5.2(b) of the Credit Agreement with respect to the making of the [Term Loan A2][Term Loan A3].]

  

			
	DCP MIDSTREAM OPERATING, LP
		
	By:	 	  

		 	Name:
		 	Title:

  
 EXHIBIT 2.5 

FORM OF NOTICE OF CONTINUATION/CONVERSION 
  

									
	 TO:
	  	 Wachovia Bank, National Association, as Administrative Agent
 under the Credit Agreement referred to below
 Charlotte Plaza

201 South College Street, CP-8
 Charlotte, North
Carolina 28288-0680
	  		  	
				
	 RE:
	  	Amended and Restated Credit Agreement dated as of June __, 2007 among DCP Midstream Operating, LP (the “Borrower”), DCP Midstream Partners, LP and
certain of its subsidiaries from time to time party thereto (the “Guarantors”), the Lenders identified therein and Wachovia Bank, National Association, as Agent (the “Agent”) for the Lenders (as amended or otherwise
modified from time to time, the “Credit Agreement”)	  		  	
					
	 DATE:
	  	                    ,
            	  		  		  	
	 	  	 	  		  		  	

  

	1.	This Notice of Continuation/Conversion is made pursuant to the terms of the Credit Agreement. All capitalized terms used herein unless otherwise defined shall have the
meanings set forth in the Credit Agreement. 

  

	2.	Please be advised that the Borrower is requesting that a portion of the current outstanding [Revolving Loans][Term Loan A2][Term Loan A3], in the amount of
$                    , currently accruing interest at
                    , be [continued][converted] at the interest rate option set forth in paragraph 3 below. 

 

	3.	The requested effective date of the [continuation][conversion] is:
                     (must be a Business Day). 

  

	4.	The interest rate option applicable to the continuation or conversion of all or part of the existing Loans shall be: 

 

			
	a.	  	                     the Base Rate
		
	b.	  	                     the Adjusted Eurodollar Rate for an Interest
Period of:

  

	
	
                        
                                         
        one month

	
                        
                                         
        two months

	
                        
                                         
        three months

	
                        
                                         
        six months

 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

  
 
			
	Very truly yours,
	
	DCP MIDSTREAM OPERATING, LP
		
	 By:
	 	  

		 	Name:
		 	Title:

  
 EXHIBIT 2.9(a)

 FORM OF REVOLVING NOTE 
 June     , 2007 
 FOR VALUE RECEIVED, DCP MIDSTREAM
OPERATING, LP, a Delaware limited partnership (the “Borrower”), hereby promises to pay to the order of                     
(the “Lender”), at the office of Wachovia Bank, National Association (the “Agent”) as set forth in that certain Amended and Restated Credit Agreement dated as of June     , 2007 among DCP
Midstream Operating, LP (the “Borrower”), DCP Midstream Partners, LP and certain of its subsidiaries from time to time party hereto (the “Guarantors”), the Lenders identified therein (including the Lender) and
Wachovia Bank, National Association, as Agent (the “Agent”) for the Lenders (as amended or otherwise modified from time to time, the “Credit Agreement”), the aggregate unpaid principal amount of the Revolving Loans
made by the Lender to the Borrower under the Credit Agreement, in lawful money of the United States of America and in immediately available funds, on the dates and in the principal amounts provided in the Credit Agreement, and to pay interest on the
unpaid principal amount of each such Revolving Loan, at such office, in like money and funds, for the period commencing on the date of such Revolving Loans until such Revolving Loans shall be paid in full, at the rates per annum and on the dates
provided in the Credit Agreement. 
 This Note is one of the Notes referred to in the Credit Agreement and evidences the
Revolving Loans made by the Lender thereunder. The Lender shall be entitled to the benefits of the Credit Agreement. Capitalized terms used in this Note have the respective meanings assigned to them in the Credit Agreement and the terms and
conditions of the Credit Agreement are expressly incorporated herein and made a part hereof. 
 The Credit Agreement provides
for the acceleration of the maturity of the Revolving Loans evidenced by this Note upon the occurrence of certain events (and for payment of collection costs in connection therewith) and for prepayments of the Revolving Loans upon the terms and
conditions specified therein. In the event this Note is not paid when due at any stated or accelerated maturity, the Borrower agrees to pay, in addition to the principal and interest, all costs of collection, including reasonable attorney fees.

 Except as permitted by Section 11.3(b) of the Credit Agreement, this Note may not be assigned by the Lender to any other
Person. 
 THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

  
 IN WITNESS WHEREOF,
the Borrower has caused this Note to be executed as of the date first above written. 
  

			
	DCP MIDSTREAM OPERATING, LP
		
	 By:
	 	  

		 	Name:
		 	Title:

  
 EXHIBIT 2.9(b)

 FORM OF TERM LOAN NOTE 
 June     , 2007 
 FOR VALUE RECEIVED, DCP MIDSTREAM
OPERATING, LP, a Delaware limited partnership (the “Borrower”), hereby promises to pay to the order of                     
(the “Lender”), at the office of Wachovia Bank, National Association (the “Agent”) as set forth in that certain Amended and Restated Credit Agreement dated as of June     , 2007 among DCP
Midstream Operating, LP (the “Borrower”), DCP Midstream Partners, LP and certain of its subsidiaries from time to time party hereto (the “Guarantors”), the Lenders identified therein (including the Lender) and
Wachovia Bank, National Association, as Agent (the “Agent”) for the Lenders (as amended or otherwise modified from time to time, the “Credit Agreement”), the aggregate unpaid principal amount of the Term Loans made
by the Lender to the Borrower under the Credit Agreement, in lawful money of the United States of America and in immediately available funds, on the dates and in the principal amounts provided in the Credit Agreement, and to pay interest on the
unpaid principal amount of each such Term Loan, at such office, in like money and funds, for the period commencing on the date of such Term Loans until such Term Loans shall be paid in full, at the rates per annum and on the dates provided in the
Credit Agreement. 
 This Note is one of the Notes referred to in the Credit Agreement and evidences the Term Loans made by the
Lender thereunder. The Lender shall be entitled to the benefits of the Credit Agreement. Capitalized terms used in this Note have the respective meanings assigned to them in the Credit Agreement and the terms and conditions of the Credit Agreement
are expressly incorporated herein and made a part hereof. 
 The Credit Agreement provides for the acceleration of the maturity
of the Term Loans evidenced by this Note upon the occurrence of certain events (and for payment of collection costs in connection therewith) and for prepayments of the Term Loans upon the terms and conditions specified therein. In the event this
Note is not paid when due at any stated or accelerated maturity, the Borrower agrees to pay, in addition to the principal and interest, all costs of collection, including reasonable attorney fees. 

Except as permitted by Section 11.3(b) of the Credit Agreement, this Note may not be assigned by the Lender to any other Person.

 THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 

  
 IN WITNESS WHEREOF,
the Borrower has caused this Note to be executed as of the date first above written. 
  

			
	DCP MIDSTREAM OPERATING, LP
		
	By:	 	  

		 	Name:
		 	Title:

  
 EXHIBIT 2.9(c)

 FORM OF SWINGLINE NOTE 
 June     , 2007 
 FOR VALUE RECEIVED, DCP MIDSTREAM
OPERATING, LP, a Delaware limited partnership (the “Borrower”), hereby promises to pay to the order of Wachovia Bank, National Association (the “Lender”), at the office of Wachovia Bank, National Association (the
“Agent”) as set forth in that certain Amended and Restated Credit Agreement dated as of June     , 2007 among DCP Midstream Operating, LP (the “Borrower”), DCP Midstream Partners, LP and
certain of its subsidiaries from time to time party hereto (the “Guarantors”), the Lenders identified therein (including the Lender) and Wachovia Bank, National Association, as Agent (the “Agent”) for the Lenders
(as amended or otherwise modified from time to time, the “Credit Agreement”), the aggregate unpaid principal amount of the Swingline Loans made by the Lender to the Borrower under the Credit Agreement, in lawful money of the United
States of America and in immediately available funds, on the dates and in the principal amounts provided in the Credit Agreement, and to pay interest on the unpaid principal amount of each such Swingline Loan, at such office, in like money and
funds, for the period commencing on the date of such Swingline Loans until such Swingline Loans shall be paid in full, at the rates per annum and on the dates provided in the Credit Agreement. 

This Note is one of the Notes referred to in the Credit Agreement and evidences the Swingline Loans made by the Lender thereunder. The
Lender shall be entitled to the benefits of the Credit Agreement. Capitalized terms used in this Note have the respective meanings assigned to them in the Credit Agreement and the terms and conditions of the Credit Agreement are expressly
incorporated herein and made a part hereof. 
 The Credit Agreement provides for the acceleration of the maturity of the
Swingline Loans evidenced by this Note upon the occurrence of certain events (and for payment of collection costs in connection therewith) and for prepayments of the Swingline Loans upon the terms and conditions specified therein. In the event this
Note is not paid when due at any stated or accelerated maturity, the Borrower agrees to pay, in addition to the principal and interest, all costs of collection, including reasonable attorney fees. 

Except as permitted by Section 11.3(b) of the Credit Agreement, this Note may not be assigned by the Lender to any other Person.

 THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 

  
 IN WITNESS WHEREOF,
the Borrower has caused this Note to be executed as of the date first above written. 
  

			
	DCP MIDSTREAM OPERATING, LP
		
	By:	 	  

		 	Name:
		 	Title:

  
 EXHIBIT 5.1 

FORM OF ACCOUNT DESIGNATION LETTER 
 June     , 2007 
 Wachovia Bank, National Association, as
Administrative Agent 
 under the Credit Agreement 
 referred to below 
 Charlotte Plaza 
 201 South College Street, CP-8 
 Charlotte, North Carolina 28288-0680 

Attn: Syndication Agency Services 
 Ladies and
Gentlemen: 
 This Account Designation Letter is delivered to you by DCP Midstream Operating, LP, a Delaware limited partnership
(the “Borrower”), pursuant to Section 5.1(j) of the Amended and Restated Credit Agreement dated as of June     , 2007 (as amended, restated or otherwise modified, the “Credit
Agreement”) by and among the Borrower, the Guarantors, the Lenders from time to time party thereto and Wachovia Bank, National Association, as Administrative Agent (the “Administrative Agent”). 

The Administrative Agent is hereby authorized to disburse all Loan proceeds into the following account, unless the Borrower shall
designate, in writing to the Administrative Agent, one or more other accounts: 
 [INSERT Name of Bank/ 

ABA Routing Number/ 

and Account Number] 
 IN WITNESS WHEREOF, the undersigned has executed this Account Designation Letter this June     , 2007. 

 

			
	DCP MIDSTREAM OPERATING, LP
		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

  
 EXHIBIT 7.1(d)

 FORM OF OFFICER’S CERTIFICATE 
  

											
	TO:	  	 Wachovia Bank, National Association, as Administrative Agent
 under the Credit Agreement referred to below
 Charlotte Plaza

201 South College Street, CP-8
 Charlotte, North
Carolina 28288-0680
	   

  
   

  
   
	  			
			
	RE:	  	Amended and Restated Credit Agreement dated as of June     , 2007 among DCP Midstream Operating, LP (the “Borrower”), DCP
Midstream Partners, LP and certain of its subsidiaries from time to time party thereto (the “Guarantors”), the Lenders identified therein and Wachovia Bank, National Association, as Agent (the “Agent”) for the
Lenders (as amended or otherwise modified from time to time, the “Credit Agreement”)	      	  			
				
	DATE:	  		  				  			
	 	  	 	  	 	 	 	  			

 Pursuant to the terms of the Credit Agreement, I,
                                , an Approved Officer of the Parent, hereby
certify that, as of the fiscal year/quarter ending                     ,
            the statements below are accurate and complete in all respects (all capitalized terms used below shall have the meanings set forth in the Credit Agreement): 

a. Attached hereto as Schedule 1 are calculations (calculated as of the date of the financial statements/reports
referred to in paragraph d. below) demonstrating compliance by the Parent and its Subsidiaries with the financial covenants contained in Section 7.10 of the Credit Agreement. 

b. No Default or Event of Default exists under the Credit Agreement, except as indicated on a separate page attached
hereto, together with an explanation of the action taken or proposed to be taken by the Parent or Borrower with respect thereto. 
 c. [If the existing Schedule 6.13 to the Credit Agreement is no longer accurate,] Attached hereto is a revised Schedule 6.13 to the Credit Agreement which is an accurate and complete
list, as of the date hereof, of the Credit Parties and all Subsidiaries and which shall replace the existing Schedule 6.13 to the Credit Agreement. 
 d. The quarterly/annual financial statements for the fiscal period cited above, as filed with the Securities and Exchange Commission, fairly present in all material respects the financial condition of the
Parent and its Subsidiaries and have been prepared in accordance with GAAP (in the case of any quarterly financial statements, subject to changes resulting from normal year-end audit adjustments). 

e. Schedule 2 attached hereto sets forth the true and correct amount of Off Balance Sheet Indebtedness of the
Parent and all Subsidiaries as of the end of fiscal period cited above. 

  
 f. The
Credit Parties are in compliance with each of the covenants contained in Sections 7.12, 8.2(m), 8.2(n), 8.2(o), 8.4(i), 8.6(h) and 8.7(g). In connection therewith, the Borrower hereby represents and warrants the following: 

1. Non-Guarantor Subsidiaries (as defined in Section 7.12) constitute
[            ]% of Consolidated Net Tangible Assets and [            ]% of Consolidated Net Income.

 2. Liens permitted pursuant to Section 8.2(m) and Section 8.2(n) amount to
[            ]% of Consolidated EBITDA. 
 3. Liens permitted pursuant to Section 8.2(o) [            ]% of Consolidated Net Tangible Assets. 

4. Dispositions consummated during the current fiscal year pursuant to Section 8.4(i) constitute
[            ]% of Consolidated Net Tangible Assets. 
 5. Dispositions consummated since the Closing Date permitted pursuant to 8.4(i) constitute [            ]% of Consolidated Net
Tangible Assets. 
 6. Unsecured Indebtedness permitted pursuant to Section 8.6(h) constitutes
$[            ], or [            ]% of Consolidated Net Tangible Assets. 

7. Investments permitted pursuant to Section 8.7(g) amount to
$[            ]. 
  

			
	DCP MIDSTREAM OPERATING, LP
		
	By:	 	  

		 	Name:
		 	Title:

  
 SCHEDULE 1 TO
OFFICER’S CERTIFICATE 
 Calculation of Financial Covenant 
 A. Compliance with Section 7.10(a): Consolidated Leverage Ratio 
  

							
	1.	  	Consolidated Indebtedness	  			
		  	(excluding letters of credit that do not support Indebtedness)	  	$	__________	  
			
	2.	  	Consolidated EBITDA for the prior four-quarter period	  	$	__________	  
			
	3.	  	Consolidated Leverage Ratio (Line 1 ÷ Line 2)	  	 	__________	  

 Minimum Required: Line 3 shall be
less than or equal to (i) with respect to each fiscal quarter end from the Closing Date until June 30, 2007, 5.75 to 1.0 and (ii) with respect to each fiscal quarter end thereafter, 5.00 to 1.0; provided that subsequent to the
consummation of a Qualified Acquisition, the Consolidated Leverage Ratio, as at the end of the three consecutive fiscal quarters following such Qualified Acquisition (including the fiscal quarter in which such acquisition is consummated), shall be
less than or equal to 5.50 to 1.0. 
 B. Compliance with Section 7.10(b): Consolidated Interest Coverage Ratio 

 

					
	 (1)     Consolidated EBITDA
	  	$	__________	  
		
	 (2)     Consolidated Interest Expense for the prior four-quarter period
	  	$	__________	  
		
	 (3)     Consolidated Interest Coverage Ratio (Line 1:Line 2)
	  	 	__________	  

 Minimum Required: 

If neither the Parent or the Borrower has an Investment Grade Rating, Line 3 shall, at the end of any fiscal quarter (beginning with the fiscal quarter
ending June 30, 2007), be equal to or greater than 2.50 to 1.0. 

  
 SCHEDULE 2 TO
OFFICER’S CERTIFICATE 
 Off Balance Sheet Indebtedness 

  
 EXHIBIT 7.12 

FORM OF JOINDER AGREEMENT 
 THIS JOINDER AGREEMENT (this “Agreement”), dated as of                     ,
            , is by and between                     , a
                     (the “Subsidiary Guarantor”), DCP Midstream Operating, LP, a Delaware limited partnership (the
“Company”) and Wachovia Bank, National Association, in its capacity as administrative agent (the “Administrative Agent”) under that certain Amended and Restated Credit Agreement dated as of June __, 2007 (as
amended, restated, supplemented or otherwise modified, the “Credit Agreement”) by and among the Company, DCP Midstream Partners, LP and certain of its subsidiaries from time to time party thereto (the “Guarantors”),
the lenders from time to time party thereto (the “Lenders”) and Wachovia Bank, National Association, as administrative agent for the Lenders (the “Administrative Agent”). Capitalized terms used herein but not
otherwise defined shall have the meanings provided in the Credit Agreement. 
 The Subsidiary Guarantor is required by
Section 7.12 of the Credit Agreement to become a “Guarantor” thereunder. 
 Accordingly, the Subsidiary Guarantor
and the Borrower hereby agree as follows with the Administrative Agent, for the benefit of the Lenders: 
 1. The Subsidiary
Guarantor hereby acknowledges, agrees and confirms that, by its execution of this Agreement, the Subsidiary Guarantor will be deemed to be a party to and a “Guarantor” under the Credit Agreement and shall have all of the obligations of a
Guarantor thereunder as if it had executed the Credit Agreement. The Subsidiary Guarantor hereby ratifies, as of the date hereof, and agrees to be bound by, all of the terms, provisions and conditions contained in the applicable Credit Documents,
including without limitation (a) all of the representations and warranties set forth in Section 6 of the Credit Agreement and (b) all of the affirmative and negative covenants set forth in Sections 7 and 8 of the Credit Agreement.
Without limiting the generality of the foregoing terms of this Paragraph 1, the Subsidiary Guarantor hereby guarantees, jointly and severally together with the other Guarantors, the prompt payment of the Obligations in accordance with
Section 12 of the Credit Agreement. 
 2. The Subsidiary Guarantor acknowledges and confirms that it has received a copy of
the Credit Agreement and the schedules and exhibits thereto. 
 3. The Borrower confirms that the Credit Agreement is, and upon
the Subsidiary Guarantor becoming a Guarantor, shall continue to be, in full force and effect. The parties hereto confirm and agree that immediately upon the Subsidiary Guarantor becoming a Guarantor the term “Obligations,” as used in the
Credit Agreement, shall include all obligations of the Subsidiary Guarantor under the Credit Agreement and under each other Credit Document. 
 4. Each of the Borrower and the Subsidiary Guarantor agrees that at any time and from time to time, upon the written request of the Administrative Agent, it will execute and deliver such further documents
and do such further acts as the Administrative Agent may reasonably request in accordance with the terms and conditions of the Credit Agreement in order to effect the purposes of this Agreement. 

5. This Agreement may be executed in two or more counterparts, each of which shall constitute an original but all of which when taken
together shall constitute one contract. 
 6. This Agreement shall be governed by and construed and enforced in accordance with
the laws of the State of New York without regard to conflict of laws principles thereof (other than Sections 5-1401 and 5-1402 of The New York General Obligations Law). The terms of Sections 11.11 and 11.12 of the Credit Agreement are incorporated
herein by reference, mutatis mutandis, and the parties hereto agree to such terms. 
 [REMAINDER OF PAGE INTENTIONALLY
LEFT BLANK] 

  
 IN WITNESS WHEREOF,
each of the Borrower and the Subsidiary Guarantor has caused this Agreement to be duly executed by its authorized officer, and the Administrative Agent, for the benefit of the Lenders, has caused the same to be accepted by its authorized officer, as
of the day and year first above written. 
  

					
	SUBSIDIARY GUARANTOR:	 	[SUBSIDIARY GUARANTOR]
			
		 	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

 

					
	BORROWER:	 	 DCP MIDSTREAM OPERATING, LP,
 a Delaware limited partnership

			
		 	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

 Acknowledged, accepted and agreed: 
 WACHOVIA BANK, NATIONAL ASSOCIATION, 

as Administrative Agent 
  

			
	By:	 	  

	Name:	 	  

	Title:	 	  

  
 EXHIBIT 11.3(b)

 FORM OF ASSIGNMENT AGREEMENT 
 Reference is made to Amended and Restated Credit Agreement dated as of June __, 2007 among DCP Midstream Operating, LP (the “Borrower”), DCP Midstream Partners, LP and certain of its
subsidiaries from time to time party thereto (the “Guarantors”), the Lenders identified therein and Wachovia Bank, National Association, as Agent (the “Agent”) for the Lenders (as amended or otherwise modified from
time to time, the “Credit Agreement”). Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings provided in the Credit Agreement. 

                    (the
“Transferor Lender”) and                     (the “Purchasing Lender”) agree as follows: 

1. For an agreed consideration, the Transferor Lender hereby irrevocably sells and assigns to the Purchasing Lender, and the Purchasing
Lender hereby irrevocably purchases and assumes from the Transferor Lender, as of the Transfer Funding Date (as defined below), (a) all of the Transferor Lender’s rights and obligations under the Credit Agreement with respect to those
credit facilities contained in the Credit Agreement as set forth on Schedule 1, and all instruments delivered pursuant thereto to the extent related to the principal amount and Commitment Percentage set forth on Schedule 1
attached hereto of all of such outstanding rights and obligations of the Transferor Lender under the respective facilities set forth on Schedule 1 (including any letters of credit, guarantees, and swingline loans included in such
facilities) and (b) to the extent permitted to be assigned under applicable law, all claims, suits, causes of action and any other right of the Transferor Lender (in its capacity as a Lender) against any Person, whether known or unknown,
arising under or in connection with the Credit Agreement, any other documents or instruments delivered pursuant thereto or the loan transactions governed thereby or in any way based on or related to any of the foregoing, including, but not limited
to, contract claims, tort claims, malpractice claims, statutory claims and all other claims at law or in equity related to the rights and obligations sold and assigned pursuant to clause (a) above (the rights and obligations sold and assigned
pursuant to clauses (a) and (b) above being referred to herein collectively as, the “Assigned Interest”). Such sale and assignment is without recourse to the Transferor Lender and, except as expressly provided in this
Assignment Agreement, without representation or warranty by the Transferor Lender. 
 2. The Transferor Lender
(a) represents and warrants that (i) it is the legal and beneficial owner of the Assigned Interest, (ii) the Assigned Interest is free and clear of any lien, encumbrance or other adverse claim and (iii) it has full power and
authority, and has taken all action necessary, to execute and deliver this Assignment Agreement and to consummate the transactions contemplated hereby; (b) assumes no responsibility with respect to (i) any statements, warranties or
representations made in or in connection with the Credit Agreement or any other Credit Document, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Credit Documents or any collateral thereunder,
(iii) the financial condition of the Borrower, any of its Subsidiaries or Affiliates or any other Person obligated in respect of any Credit Document or (iv) the performance or observance by the Borrower, any of its Subsidiaries or
Affiliates or any other Person of any of their respective obligations under the Credit Documents; and (c) in the case of an assignment of the entire remaining amount of the Transferor Lender’s Commitments, attaches any Note(s) held by it
evidencing the Assigned Interest and requests that the Administrative Agent exchange the attached Note(s) for a new Note(s) payable to the Purchasing Lender. 

  
 3. The Purchasing
Lender (a) represents and warrants that (i) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment Agreement and to consummate the transactions contemplated hereby and to become a Lender
under the Credit Agreement, (ii) from and after the Effective Date (as defined below), it shall be bound by the provisions of the Credit Documents as a Lender thereunder and, to the extent of the Assigned Interest, shall have the obligations of
a Lender thereunder and (iii) it has received a copy of the Credit Agreement, together with copies of the financial statements referred to in Sections 7.1(a) and (b) thereof, the financial statements delivered pursuant to Section 5.1
thereof, if any, and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Assignment Agreement and to purchase the Assigned Interest on the basis of which it has made such
analysis and decision independently and without reliance on the Administrative Agent or any other Lender; (b) agrees that it will (i) independently and without reliance upon the Transferor Lender, the Administrative Agent or any other
Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Credit Agreement, the other Credit Documents or any other instrument or
document furnished pursuant hereto or thereto and (ii) perform in accordance with its terms all the obligations which by the terms of the Credit Documents are required to be performed by it as a Lender including, if it is organized under the
laws of a jurisdiction outside the United States, its obligations pursuant to Section 4.4 of the Credit Agreement; and (c) appoints and authorizes the Administrative Agent to take such action as agent on its behalf and to exercise such
powers and discretion under the Credit Agreement, the other Credit Documents or any other instrument or document furnished pursuant hereto or thereto as are delegated to the Administrative Agent by the terms thereof, together with such powers as are
incidental thereto. 
 4. The effective date of this Assignment Agreement shall be
                 ,             (the “Effective Date”). Following the
execution of this Assignment Agreement, it will be delivered to the Administrative Agent for acceptance by it and recording by the Administrative Agent pursuant to the Credit Agreement, effective as of the Effective Date. 

5. The funding date for this Assignment Agreement shall be
                 ,             (the “Transfer Funding Date”). On the
Transfer Funding Date, any registration and processing fee shall be due and payable to the Administrative Agent pursuant to Section 11.3 of the Credit Agreement. 
 6. Upon such acceptance, recording and payment of applicable registration and processing fees, from and after the Transfer Funding Date, the Administrative Agent shall make all payments in respect of the
Assigned Interest (including payments of principal, interest, fees and other amounts) to the Purchasing Lender whether such amounts have accrued prior to the Transfer Funding Date or accrue subsequent to the Transfer Funding Date. The Transferor
Lender and the Purchasing Lender shall make all appropriate adjustments in payments by the Administrative Agent for periods prior to the Transfer Funding Date or, with respect to the making of this assignment, directly between themselves.

 7. From and after the Transfer Funding Date, (a) the Purchasing Lender shall be a party to the Credit Agreement and, to
the extent provided in this Assignment Agreement, have the rights and obligations of a Lender thereunder and under the other Credit Documents and shall be bound by the provisions thereof and (b) the Transferor Lender shall, to the extent
provided in this Assignment Agreement, relinquish its rights and be released from its obligations under the Credit Agreement. 

8. This Assignment Agreement shall be governed by, and construed and enforced in accordance with, the laws of the State of New York
without regard to conflict of laws principles thereof (other than Sections 5-1401 and 5-1402 of The New York General Obligations Law). 
 IN WITNESS WHEREOF, the parties hereto have caused this Assignment Agreement to be executed as of the date first above written by their respective duly authorized officers on Schedule 1
hereto. 

  
 SCHEDULE 1 

TO ASSIGNMENT AGREEMENT 
 EFFECTIVE DATE:                     ,
             
  

 
 Name of Transferor Lender:
                     
 Name of
Purchasing Lender:                      
 Transfer Funding Date of Assignment:                      

Credit Facility CUSIP Number:
                     
 Assigned
Interest: 
  

							
	  

Facility Assigned
	  	 Principal Amount of
Commitment/Loans
 Assigned
	  	  
 Commitment
 Percentage Assigned1
	  	  

CUSIP Number

	 	  	$	  	%	  	 
	 	 	 	 
	 	  	 	  	 	  	 
	 		 	 
	 	  	 	  	 	  	 

  

									
	[NAME OF PURCHASING LENDER]	 		 	[NAME OR TRANSFEROR LENDER]
					
	By:	 	 	 		 	By:	 	 
		 	Name:	 		 		 	Name:
		 	Title:	 		 		 	Title:
			
	Accepted (if required):	 		 	Consented to (if required):
			
	WACHOVIA BANK, NATIONAL ASSOCIATION, as the Administrative Agent, Swingline Lender and Issuing Lender	 		 	DCP MIDSTREAM OPERATING, LP, a Delaware limited partnership, as the Borrower
					
	By:	 	 	 		 	By:	 	 
		 	Name:	 		 		 	Name:
		 	Title:	 		 		 	Title:

  

 
 1         Calculate the
Commitment Percentage that is assigned to at least 9 decimal places and show as a percentage of the aggregate commitments of all Lenders.Form of Global Security relating thereto

 Exhibit 4.2 
 (Face of Security) 
 THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE
HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE REGISTERED, IN
THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. 

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”),
TO BARCLAYS BANK PLC, OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY
PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER
HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 
 BY PURCHASING THIS SECURITY, THE HOLDER AGREES TO CHARACTERIZE THIS SECURITY FOR
ALL U.S. FEDERAL INCOME TAX PURPOSES AS PROVIDED IN SECTION 11 ON THE FACE OF THIS SECURITY. 

  
  

			
	CUSIP No. 06740C261	  	 ISIN: US06740C2614
 Common Code: [            ]

 BARCLAYS BANK PLC 
 MEDIUM-TERM NOTES, SERIES A 

 
  

iPath® S&P 500 VIX Short-Term FuturesTM ETN 
 due January 30, 2019 
 The following terms apply to this Security.
Capitalized terms that are not defined the first time they are used in this Security shall have the meanings indicated elsewhere in this Security. 

 

 Face Amount: On a reverse-split adjusted basis,
$[        ], equal to [        ] Securities at $400 per Security.  
 Index: The S&P 500 VIX Short-Term FuturesTM Index TR. 
 Inception Date:
January 29, 2009.  
 Interest Rate: The principal of this Security shall not bear interest. 

Denomination: $400.  
 Payment
at Maturity: On the Maturity Date, unless such Securities were previously redeemed on a Redemption Date as provided under “Early Redemption”, the Company shall redeem this Security by paying to the Holder a cash payment per Security
equal to the Closing Indicative Value on the Final Valuation Date. 
 Early Redemption: The Holder may, subject to the notification
requirements provided under Section 5 hereof, 

 require the Company to redeem the Holder’s Securities in whole or in part on any Redemption Date
during the term of the Securities. If the Holder requires the Company to redeem the Holder’s Securities on any Redemption Date, the Holder will receive a cash payment per Security equal to the Closing Indicative Value on the applicable
Valuation Date minus a redemption charge equal to 0.05% times the Closing Indicative Value on the Valuation Date. The Company shall not be required to redeem fewer than 25,000 Securities at one time, provided that the Company
may from time to time in its sole discretion reduce, in part or in whole, this minimum redemption amount on a consistent basis for all Holders who hold Securities at the time the reduction becomes effective. 

Calculation Agent: Barclays Bank PLC.  
 Defeasance: Neither full defeasance nor covenant defeasance applies to this Security.  
 Listing: NYSE Arca Stock Exchange. 

  
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 “Standard & Poor’s®”, “S&P®”,
“S&P 500®”, “Standard & Poor’s 500TM”, “S&P 500 VIX
Short-Term FuturesTM” and “S&P 500 VIX Mid-Term FuturesTM” are trademarks of Standard & Poor’s, a division of The McGraw-Hill Companies, Inc. and have been licensed for use for certain purposes by Barclays
Bank PLC. “VIX” is a registered trademark of the Chicago Board Options Exchange, Incorporated and has been licensed for use by S&P. The Index was designed by Standard & Poor’s Financial Services LLC (“S&P”)
and is owned by S&P. The Index is calculated by S&P. Barclays Bank PLC’s Securities based on the S&P 500 VIX Short-Term FuturesTM Index TR, are not sponsored, endorsed, sold or promoted by S&P or the Chicago Board Options
Exchange, Incorporated (“CBOE”), or any of their respective subsidiaries or affiliates, and neither S&P nor CBOE, or any of their respective subsidiaries or affiliates, make any representation regarding the advisability of investing in
such Securities. 
 The Securities are not sponsored, endorsed, sold or promoted by S&P or the CBOE or any of their
respective subsidiaries or affiliates. Neither S&P nor CBOE or any of their respective subsidiaries or affiliates makes any representation, condition or warranty, express or implied, to the owners of the Securities or any member of the public
regarding the advisability of investing in securities generally or in the Securities particularly or in the ability of the Index to track market performance. The only relationship of such persons to Barclays Bank PLC is the licensing of certain
trademarks, trade names and service marks of S&P, CBOE and the Index, which is determined, composed and calculated by S&P without regard to Barclays Bank PLC or the Securities. S&P has no obligation to take the needs of Barclays Bank PLC
or the owners of the Securities into consideration in determining, composing or calculating the Index. Neither S&P nor CBOE or any of their respective subsidiaries or affiliates is responsible for or has participated in the determination of the
timing of, prices at or quantities of the Securities to be issued or in the determination or calculation of the equation by which the Securities are to be converted into cash. Neither S&P nor CBOE or any of their respective subsidiaries or
affiliates shall have any obligation or liability in connection with the administration, marketing or trading of the Securities. Notwithstanding the foregoing, S&P and CBOE and their respective subsidiaries or affiliates may independently issue
and/or sponsor financial products unrelated to the Securities currently being issued by Barclays Bank PLC, but which may be similar to and competitive with the Securities. This Security is not linked to the VIX Index, the options used to calculate
the VIX Index, the actual volatility of the S&P 500® Index or the equity securities included in the S&P
500® Index. Purchasers of the Securities should not conclude that the inclusion of a futures contract in the
S&P 500 VIX Short-Term FuturesTM Index TR is any form of investment recommendation of the equity securities included in the S&P 500® Index by S&P. Neither S&P nor CBOE or any of their respective subsidiaries or affiliates has made any due diligence inquiries with respect to the futures
contracts which comprise the S&P 500 VIX Short-Term FuturesTM Index TR in connection with the Securities. 
 NEITHER S&P, ITS
AFFILIATES NOR THEIR THIRD PARTY LICENSORS, INCLUDING CBOE, GUARANTEE THE ADEQUACY, ACCURACY, TIMELINESS OR COMPLETENESS OF THE INDEX OR ANY DATA INCLUDED THEREIN OR ANY COMMUNICATIONS, INCLUDING BUT NOT LIMITED TO, ORAL OR WRITTEN COMMUNICATIONS
(INCLUDING ELECTRONIC COMMUNICATIONS) WITH RESPECT THERETO. S&P, ITS AFFILIATES AND THEIR THIRD PARTY LICENSORS, INCLUDING CBOE, SHALL NOT BE SUBJECT TO ANY DAMAGES OR LIABILITY FOR ANY ERRORS, OMISSIONS OR DELAYS THEREIN. S&P AND CBOE MAKE
NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY 

  
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DISCLAIM ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE WITH RESPECT TO THE MARKS, THE INDEX OR ANY DATA INCLUDED THEREIN. WITHOUT LIMITING ANY OF THE FOREGOING, IN
NO EVENT WHATSOEVER SHALL S&P, ITS AFFILIATES OR THEIR THIRD PARTY LICENSORS, INCLUDING CBOE, BE LIABLE FOR ANY INDIRECT, SPECIAL, INCIDENTAL, PUNITIVE OR CONSEQUENTIAL DAMAGES, INCLUDING BUT NOT LIMITED TO, LOSS OF PROFITS, TRADING LOSSES, LOST
TIME OR GOODWILL, EVEN IF THEY HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, WHETHER IN CONTRACT, TORT, STRICT LIABILITY OR OTHERWISE. 

OTHER TERMS: 
 All terms
used in this Security that are not defined in this Security but are defined in the Indenture referred to on the reverse of this Security shall have the meanings assigned to them in the Indenture. Section headings on the face of this Security are for
convenience only and shall not affect the construction of this Security. 
 “Business Day” means any day that
is a Monday, Tuesday, Wednesday, Thursday or Friday that is not a day on which banking institutions in New York City generally are authorized or obligated by law, regulation or executive order to close. 

“Closing Indicative Value” shall be calculated in the following manner: (i) the Closing Indicative Value on the
Inception Date shall equal $100; and (ii) on each subsequent calendar day, until and including the Final Valuation Date or, in the case of Securities with respect to which the Holder has exercised its right of Early Redemption, the applicable
Valuation Date, the Closing Indicative Value shall equal the Closing Indicative Value on the immediately preceding calendar day times the Daily Index Factor on such calendar day (or, if such day is not an Index Business Day, one) minus
the Investor Fee on such calendar day. The Closing Indicative Value is subject to adjustment as described in Section 6 on the face of this Security. 
 “Daily Index Factor” means, on any given Index Business Day, the amount equal to the closing level of the Index on such Index Business Day divided by the closing level of the Index
on the immediately preceding Index Business Day. 
 “Default Amount” means, on any day, an amount in U.S.
dollars, as determined by the Calculation Agent in its sole discretion, equal to the cost of having a Qualified Financial Institution (selected as provided below) expressly assume the due and punctual payment of the principal of this Security, and
the performance or observance of every covenant hereof and of the Indenture on the part of the Company to be performed or observed with respect to this Security (or to undertake other obligations providing substantially equivalent economic value to
the Holder of this Security as the Company’s obligations hereunder). Such cost will equal (i) the lowest amount that a Qualified Financial Institution would charge to effect such assumption (or undertaking) plus (ii) the reasonable
expenses (including reasonable attorneys’ fees) incurred by the Holder of this Security in preparing any documentation necessary for such assumption (or undertaking). During the Default Quotation Period, each Holder of this Security and the
Company may request a Qualified Financial Institution to provide a quotation of the amount it would charge to effect such assumption (or undertaking). If either party obtains a quotation, it must notify the other party in writing of the quotation.
The amount referred to in clause (i) of this paragraph will 

  
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equal the lowest (or, if there is only one, the only) quotation so obtained, and as to which notice is so given, during the Default Quotation Period; provided that, with respect to any
quotation, the party not obtaining the quotation may object, on reasonable and significant grounds, to the effectuation of such assumption (or undertaking) by the Qualified Financial Institution providing such quotation and notify the other party in
writing of such grounds within two Business Days after the last day of the Default Quotation Period, in which case that quotation will be disregarded in determining the Default Amount. The “Default Quotation Period” shall be the
period beginning on the day the Default Amount first becomes due and ending on the third Business Day after such due date, unless no such quotation is obtained, or unless every such quotation so obtained is objected to within five Business Days
after such due date as provided above, in which case the Default Quotation Period will continue until the third Business Day after the first Business Day on which prompt notice of a quotation is given as provided above, unless such quotation is
objected to as provided above within five Business Days after such first Business Day, in which case, the Default Quotation Period will continue as provided in this sentence. Notwithstanding the foregoing, if the Default Quotation Period (and the
subsequent two Business Day objection period) has not ended prior to the Final Valuation Date, then the Default Amount will equal the Face Amount. 
 “Final Valuation Date” means January 29, 2019, or if such date is not a Trading Day, the next succeeding Trading Day; provided, however, that if the Calculation Agent
determines that a Market Disruption Event occurs or is continuing on such date, the Final Valuation Date will be the first following Trading Day on which the Calculation Agent determines that a Market Disruption Event does not occur and is not
continuing, provided that in no event will the Final Valuation Date be postponed by more than five Trading Days. 

“Index Business Day” means a day on which (i) it is a Business Day in New York and (ii) the CBOE is open.

 “Investor Fee” means the amount calculated on a daily basis in the following manner: (i) the Investor
Fee on the Inception Date shall equal zero; and (ii) on each subsequent calendar day until and including the Final Valuation Date or, in the case of Securities with respect to which the Holder has exercised its right of Early Redemption, the
applicable Valuation Date, the Investor Fee will be equal to 0.89% times the Closing Indicative Value on the immediately preceding calendar day times the Daily Index Factor on that day (or, if such day is not an index business day,
one) divided by 365. 
 “Market Disruption Event” means, with respect to the
Securities, in the opinion of the Calculation Agent and determined in its sole discretion: (i) S&P does not publish the level of the Index on any Index Business Day; (ii) a suspension, absence or material limitation of trading of
equity securities then constituting 20% or more of the level of the S&P 500® Index on the Relevant Exchanges
(as defined below) for such securities occurs for more than two hours of trading (one hour on any day that is an “index roll date” for purposes of calculation the VIX Index or any relevant successor index) during, or during the one hour
period preceding the close of, the principal trading session on such Relevant Exchange; (iii) a breakdown or failure in the price and trade reporting systems of any Relevant Exchange for the S&P 500® Index occurs as a result of which the reported trading prices for equity securities then constituting 20% or more of
the level of the S&P 500® Index are materially inaccurate (a) during the one hour preceding the close
of the principal trading session on such Relevant Exchange or (b) during any one hour period of trading on such 

  
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Relevant Exchange or on any day that is an “index roll date” for purposes of calculating the VIX Index or any relevant successor index; (iv) a suspension, absence or material
limitation of trading on any Relevant Exchange for the VIX Index (or any relevant successor index) occurs for more than two hours of trading (one hour on any day that is an “index roll date” for purposes of calculation the VIX Index or any
relevant successor index) during, or during the one hour period preceding the close of, the principal trading session on such Relevant Exchange; (v) a breakdown or failure in the price and trade reporting systems of the Relevant Exchange for
the VIX Index (or any relevant successor index) occurs as a result of which the reported trading prices for SPX Options or futures on the VIX Index (or futures on any relevant successor index) during the one hour period preceding, and including, the
scheduled time at which the value of SPX Options is calculated for purposes of the VIX Index (or any relevant successor index) are materially inaccurate; (vi) a decision to permanently discontinue trading in SPX Options or futures on the VIX
Index (or futures on any relevant successor index) occurs; (vii) on any Index Business Day, the occurrence or existence of a lack of, or a material decline in, the liquidity in the market for trading in any futures contract underlying the Index
occurs; (viii) any event or any condition (including without limitation any event or condition that occurs as a result of the enactment, promulgation, execution, ratification, interpretation or application of, or any change in or amendment to,
any law, rule or regulation by an applicable governmental authority) that results in an illiquid market for trading in any futures contract underlying the Index occurs; or (ix) the declaration or continuance of a general moratorium in respect
of banking activities occurs in any relevant city. For purposes of determining whether a Market Disruption Event has occurred, (A) a limitation on the hours or number of days of trading will not constitute a Market Disruption Event if it
results from an announced change in the regular business hours of the Relevant Exchange for the S&P 500®
Index or the VIX Index (or any relevant successor index); (B) limitations pursuant to the rules of any Relevant Exchange similar to NYSE Rule 80B (or any applicable rule or regulation enacted or promulgated by any other self-regulatory
organization or any government agency of scope similar to NYSE Rule 80B as determined by S&P) on trading during significant market fluctuations will constitute a suspension, absence or material limitation of trading; (C) a suspension of
trading in an SPX Option or a futures contract on the VIX Index (or futures contract on any relevant successor index) by the Relevant Exchange for the VIX Index (or any relevant successor index) by reason of a price change exceeding limits set by
such relevant exchange, an imbalance of orders relating to such options, or a disparity in bid and ask quotes relating to such options will, in each such case, constitute a suspension, absence or material limitation of trading on such Relevant
Exchange; and (D) a “suspension, absence or material limitation of trading” on any Relevant Exchange will not include any time when such Relevant Exchange is itself closed for trading under ordinary circumstances. “Relevant
exchange” means, with respect to the S&P 500® Index, the primary exchange or market of trading for
any equity security (or any combination thereof) then included in the S&P 500® Index or, with respect to the
VIX Index or any relevant successor index, the primary exchange or market for SPX Options or futures on the VIX Index (or futures on any relevant successor index). 
 “Maturity Date” means January 30, 2019, provided that if such date is not a Business Day, the Maturity Date will be the next succeeding Business Day; provided, however,
that if the fifth Business Day preceding January 30, 2019 does not qualify as the Final Valuation Date referred to above, then the Maturity Date will be the fifth Business Day following the Final Valuation Date. 

  
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 “Qualified Financial Institution” means, at any time, a financial
institution organized under the laws of any jurisdiction in the United States of America or Europe that at such time has outstanding debt obligations with a stated maturity of one year or less from the date of issue and rated A-1 or higher by
Standard & Poor’s, a division of The McGraw Hill Companies, Inc. (or any successor) or P-1 or higher by Moody’s Investors Service, Inc. (or any successor) or, in either case, such other comparable rating, if any, then used by such
rating agency. 
 “Redemption Date” means the third Business Day following each Valuation Date (other than the
Final Valuation Date). The final Redemption Date will be the third Business Day following the Valuation Date that is immediately prior to the Final Valuation Date. 

“SPX Options” means the put and call options on the level of the S&P 500® Index used in the calculation of the VIX Index. 

“Successor Index” means any substitute index approved by the Calculation Agent as a Successor Index pursuant to
Section 3 hereof. 
 “Trading Day” means any day on which (1) it is a Business Day in New York City,
(2) trading is generally conducted on NYSE Arca, and (3) trading is generally conducted on the CBOE, in each case as determined by the Calculation Agent in its sole discretion. 

“Valuation Date” means each Business Day from January 29, 2009 to January 29, 2019, inclusive, or if such date
is not a Trading Day, the next succeeding Trading Day; provided, however, that if the Calculation Agent determines that a Market Disruption Event occurs or is continuing on such date, the Valuation date will be the first following Trading Day
on which the Calculation Agent determines that a Market Disruption Event does not occur and is not continuing, provided that in no event will any Valuation Date be postponed by more than five Trading Days. 

“VIX Index” means the CBOE Volatility Index®. 
  

 
 1. Promise
to Pay at Maturity or Upon Early Redemption 
 Barclays Bank PLC, a public limited company duly organized and existing under
the laws of England and Wales (herein called the “Company,” which term includes any successor Person under the Indenture hereinafter referred to), for value received, hereby promises to pay (or cause to be paid) to Cede &
Co., as nominee for The Depository Trust Company, or registered assigns, the amount as calculated and provided under (i) “Early Redemption” and elsewhere on the face this Security on the applicable Redemption Date, in the case of any
Securities in respect of the which the Holder exercises such Holder’s right to require the Company to redeem such Holder’s Securities prior to the Maturity Date, or (ii)

  
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“Payment at Maturity” and elsewhere on the face of this Security on the Maturity Date, in the case of all other Securities. 

2. Payment of Interest 
 The principal of this Security shall not bear interest. 
 3. Discontinuance or
Modification of the Index; Market Disruption Event 
 If S&P discontinues publication of the Index and Barclays Capital
or any other Person or entity publishes an index that the Calculation Agent determines is comparable to the Index and approves as a Successor Index, then the Calculation Agent will determine the value of the Index on the applicable Valuation Date
and the amount payable on the Maturity Date or any Redemption Date by reference to such Successor Index. 
 If the Calculation
Agent determines that the publication of the Index is discontinued and that there is no Successor Index, or that the closing value of the Index is not available because of a Market Disruption Event or for any other reason on any Valuation Date or
other date on which the value of the Index is required to be determined, or if for any other reason the Index is not available to the Company or the Calculation Agent on any Valuation Date, the Calculation Agent will determine the amount payable by
a computation methodology that the Calculation Agent determines will as closely as reasonably possible replicate the Index. 

If the Calculation Agent determines that the Index or the method of calculating the Index has been changed at any time in any respect,
including, without limitation, whether the change is made by S&P under its existing policies or following a modification of those policies, is due to the publication of a Successor Index, or is due to any other reason, then the Calculation Agent
will be permitted (but shall not be required) to make such adjustments to the Index or method of calculating the Index as it believes are appropriate to ensure that the value of the Index used to determine the amount payable on the Maturity Date or
upon Early Redemption is equitable. 
 The Calculation Agent shall have the right to postpone a Valuation Date, and thus the
determination of the value of the Index, if the Calculation Agent determines that, on such Valuation Date, a Market Disruption Event occurs or is continuing. If such a postponement occurs, the Calculation Agent shall determine the value of the Index
by using the closing value of the Index on the first Trading Day after that day on which no Market Disruption Event occurs or is continuing with respect to the Index. In no event, however, may the Calculation Agent postpone a Valuation Date by more
than five Trading Days. 
 In the event that a Valuation Date is postponed until the fifth Trading Day following the scheduled
Valuation Date, but a Market Disruption Event occurs and is continuing on such day, that day shall nevertheless be a Valuation Date, and the Calculation Agent shall determine the value of the Index on such day by a good faith estimate of the value
of the Index that would have prevailed in the absence of a Market Disruption Event. 
 The Calculation Agent shall have the
right to make all determinations and adjustments with respect to the Index in its sole discretion. 
 4. Payment at Maturity
or Upon Early Redemption 

  
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 The payment of this Security that becomes due and payable on the Maturity Date or on a
Redemption Date, as the case may be, shall be the cash amount that must be paid to redeem this Security as provided above under “Payment at Maturity” and “Early Redemption”, respectively. The payment of this Security that becomes
due and payable upon acceleration of the Maturity Date hereof after an Event of Default has occurred pursuant to the Indenture shall be the Default Amount. When the payment referred to in either of the two preceding sentences has been paid as
provided herein (or such payment has been made available), the principal of this Security shall be deemed to have been paid in full, whether or not this Security shall have been surrendered for payment or cancellation. References to the payment at
maturity or upon early redemption of this Security on any day shall be deemed to mean the payment of cash that is payable on such day as provided in this Security. Notwithstanding the foregoing, solely for the purpose of determining whether any
consent, waiver, notice or other action to be given or taken by Holders of Securities pursuant to the Indenture has been given or taken by Holders of Outstanding Securities in the requisite aggregate principal amount, the principal amount of this
Security will be deemed to equal the Face Amount. This Security shall cease to be Outstanding as provided in the definition of such term in the Indenture when the principal of this Security shall be deemed to have been paid in full as provided
above. 
 5. Redemption Mechanics 
 Subject to the minimum redemption amount provided under “Early Redemption”, the Holder may require the Company to redeem the Holder’s Securities on any Redemption Date during the term of
the Securities provided that such Holder (i) delivers a notice of redemption to the Company via electronic mail by no later than 4:00 p.m. New York time on the Business Day prior to the applicable Valuation Date; (ii) delivers a
signed confirmation of redemption to the Company via facsimile by no later than 5:00 p.m. New York time on the same day; (iii) instructs the Holder’s DTC custodian to book a delivery versus payment trade with respect to the Holder’s
Securities on the applicable Valuation Date at a price per Security equal to the Closing Indicative Value on the applicable Valuation Date minus a redemption charge equal to 0.05% times the Closing Indicative Value on the Valuation
Date, facing Barclays Capital DTC 5101; and (iv) causes the Holder’s DTC custodian to deliver the trade as booked for settlement via DTC prior to 10:00 a.m. New York time on the applicable Redemption Date, which shall be the third Business
Day following the applicable Valuation Date (other than the Final Valuation Date). The final Redemption Date shall be the third Business Day following such Valuation Date that is immediately prior to the Final Valuation Date. 

6. Split or Reverse Split of the Securities 
 If the Closing Indicative Value on any Business Day is above $400.00, the Company may, but shall not be required to, initiate a 4 for 1 split of the Securities. 

If the Closing Indicative Value on any Business Day is below $25.00, the Company may, but shall not be required to, initiate 1 for 4
reverse split of the Securities. On November 9, 2010, the Company implemented a reverse split of the Securities. 
 If the
Securities are split, the terms of the Securities (including without limitation the Closing Indicative Value) will be adjusted accordingly as described below. If the Securities undergo a 4 for 1 split, each Holder of a Security on the relevant
record date will, after the split, hold four Securities. The ex-date for any split shall be the 10th Business 

  
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Day after the day on which the Company’s right to initiate a split was triggered by the Closing Indicative Value being above $400.00. The Closing Indicative Value on such ex-date would be
divided by four to reflect the 4 for 1 split of the Securities. Any adjustment of the Closing Indicative Value will be rounded to eight decimal places. Settlement of any split shall be on a standard T+3 basis. 

In the case of a reverse split, the Company may address odd numbers of Securities in a manner determined by it in its sole discretion. If
the Securities undergo a 1 for 4 reverse split, each Holder who holds four Securities on the relevant record date will, after the reverse split, hold only one Security and adjustments will be made as described below. The ex-date for any reverse
split shall be the 10th Business Day after the day on which the Company’s right to initiate a reverse split was triggered by the Closing Indicative Value being below $25.00. The Closing Indicative Value on such ex-date would be multiplied by
four to reflect the 1 for 4 reverse split of the Securities. Any adjustment of the Closing Indicative Value will be rounded to eight decimal places. Settlement of any reverse split would be on a standard T+3 basis. 

In the case of a reverse split, Holders who own a number of Securities on the record date which is not evenly divisible by 4 will receive
the same treatment as all other Holders for the maximum number of Securities they hold which is evenly divisible by 4, and the Company will have the right to compensate Holders for their remaining or “partial” Securities in a manner
determined by it in its sole discretion. 
 7. Role of Calculation Agent 

The Calculation Agent will be solely responsible for all determinations and calculations regarding the value of the Securities, including
at maturity or upon early redemption; Market Disruption Events; Business Days; Trading Days; the Closing Indicative Value; the Daily Index Factor; the Default Amount; the level of any Index on the Inception Date; the Investor Fee; the Maturity Date;
Redemption Dates; Valuation Dates; the amount payable in respect of the Securities at maturity or upon early redemption and all such other matters, calculations or determinations as may be specified elsewhere herein as matters to be determined by
the Calculation Agent. The Calculation Agent shall make all such determinations and calculations in its sole discretion, and absent manifest error, all determinations of the Calculation Agent shall be final and binding on the Company, the Holder and
all other Persons having an interest in this Security, without liability on the part of the Calculation Agent. 
 The Company
shall take such action as shall be necessary to ensure that there is, at all relevant times, a financial institution serving as the Calculation Agent hereunder. The Company may, in its sole discretion at any time and from time to time, upon written
notice to the Trustee, but without notice to the Holder of this Security, terminate the appointment of any Person serving as the Calculation Agent and appoint another Person (including any Affiliate of the Company) to serve as the Calculation Agent.
Insofar as this Security provides for the Calculation Agent to determine the value of the Index on any date or other information from any institution or other source, the Calculation Agent may do so from any source or sources of the kind
contemplated or otherwise permitted hereby notwithstanding that any one or more of such sources are the Calculation Agent, Affiliates of the Calculation Agent or Affiliates of the Company. 

  
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 8. Payment 
 Payment of any amount payable on this Security will be made in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts.
Payment will be made to an account designated by the Holder (in writing to the Company and the Trustee on or before the applicable Valuation Date) and acceptable to the Company or, if no such account is designated and acceptable as aforesaid, at the
office or agency of the Company maintained for that purpose in The City of New York, provided, however, that payment on the Maturity Date or any Redemption Date shall be made only upon surrender of this Security at such office or
agency (unless the Company waives surrender). Notwithstanding the foregoing, if this Security is a Global Security, any payment may be made pursuant to the Applicable Procedures of the Depositary as permitted in said Indenture. 

9. Reverse of this Security 
 Reference is hereby made to the further provisions of this Security set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place.

 10. Certificate of Authentication 
 Unless the certificate of authentication hereon has been executed by the Trustee referred to on the reverse hereof by manual signature, this Security shall not be entitled to any benefit under the
Indenture or be valid or obligatory for any purpose. 
 11. Prospectus 

Reference is made to the (i) the Prospectus related to the Securities, dated August 31, 2010, (ii) the Prospectus
Supplement, dated August 31, 2010 (iii) and the Pricing Supplement, dated November 9, 2010, as each may be amended from time to time (together, the “Prospectus”). The terms and conditions of this Security as fully set
forth in the Prospectus are hereby incorporated by reference in their entirety into this Security and binding upon the parties hereto. In the event of a conflict between the terms of the Prospectus and the terms of this Security, the Prospectus will
control and if the Prospectus provides for a specific United States tax characterization, by purchasing a Security, you agree (in the absence of a change in law, an administrative determination or a judicial ruling to the contrary) to be bound for
United States federal income tax purposes to such tax characterization. Copies of the Prospectus are available from the Company or any underwriter or any dealer participating in the offering by calling toll free, 1-888-227-2275 (extension 1101).

  
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 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed. 

 

			
	 BARCLAYS BANK PLC
  

	 By:
	 	
		 	Name:
		 	Title:

  

			
	By:	 	 
		 	Name:
		 	Title:

 This is one of the
Securities of the series designated herein and referred to in the Indenture. 
 Dated: 

 

			
	 THE BANK OF NEW YORK
  

	 By:
	 	
		 	Name:
		 	Title:

  
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 This Security is one of a duly authorized issue of securities of the Company (herein called the “Securities”) issued and to be issued in one or more series under an Indenture, dated as of
September 16, 2004 (herein called the “Indenture,” which term shall have the meaning assigned to it in such instrument), between the Company and The Bank of New York, as Trustee (herein called the “Trustee,”
which term includes any successor trustee under the Indenture), and reference is hereby made to the Indenture for a statement of the respective rights, limitations of rights, duties and immunities thereunder of the Company, the Trustee, the Holders
of the Securities and of the terms upon which the Securities are, and are to be, authenticated and delivered. Insofar as the provisions of the Indenture may conflict with the provisions set forth on the face of this Security, the latter shall
control for purposes of this Security. 
 This Security is one of the series designated on the face hereof, initially limited to an aggregate
initial offering price not to exceed $10,000,000,000 (or the equivalent thereof in any other currency or currencies or currency units), which amount was increased to $21,000,000,000 on September 4, 2007 and may be further increased at the
option of the Company if in the future it determines that it may wish to sell additional Securities of this series. References herein to “this series” mean the series designated on the face hereof. 

Payments under the Securities will be made without deduction or withholding for, or on account of, any and all present or future income, stamp and other
taxes, levies, imposts, duties, charges, fees, deductions or withholdings (“Taxes”) now or hereafter imposed, levied, collected, withheld or assessed by or on behalf of the United Kingdom or any political subdivision or authority
thereof or therein having the power to tax (each a “Taxing Jurisdiction”), unless such deduction or withholding is required by law. If any such Taxes are at any time required by a Taxing Jurisdiction to be deducted or withheld, the
Company will, subject to the exceptions and limitations set forth in Section 10.04 of the Indenture, pay such additional amounts of the principal of such Security and any other amounts payable on such Security (“Additional
Amounts”) as may be necessary in order that the net amounts paid to the Holder of any Security, after such deduction or withholding, shall equal the amounts of the principal of such Security and any other amounts payable on such Security
which would have been payable in respect of such Security had no such deduction or withholding been required. 
 If at any time the Company
determines that as a result of a change in or amendment to the laws or regulations of a Taxing Jurisdiction (including any treaty to which such Taxing Jurisdiction is a party), or a change in an official application or interpretation of such laws or
regulations (including a decision of any court or tribunal), either generally or in relation to any particular Securities, which change, amendment, application or interpretation becomes effective on or after the Original Issue Date in making any
payment of, or in respect of, the principal amount of the Securities, the Company would be required to pay any Additional Amounts with respect thereto, then the Securities will be redeemable upon not less than 35 nor more than 60 days’ notice
by mail, at any time thereafter, in whole but not in part, at the election of the 

  
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Company as provided in the Indenture at a redemption price equal to the principal amount thereof. 
 The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of the Company and the rights of the Holders of the Securities
of each series to be affected under the Indenture at any time by the Company and the Trustee with the consent of the Holders of a majority in principal amount of the Securities at the time Outstanding of all series to be affected (considered
together as one class for this purpose). The Indenture also contains provisions (i) permitting the Holders of a majority in aggregate principal amount of the Securities at the time Outstanding of all series to be affected under the Indenture
(considered together as one class for this purpose), on behalf of the Holders of all Securities of such series, to waive compliance by the Company with certain provisions of the Indenture and (ii) permitting the Holders of a majority in
aggregate principal amount of the Securities at the time Outstanding of any series to be affected under the Indenture (with each such series considered separately for this purpose), on behalf of the Holders of all Securities of such series, to waive
certain past defaults under the Indenture and their consequences. Any such consent or waiver by the Holder of this Security shall be conclusive and binding upon such Holder and upon all future Holders of this Security and of any Security issued upon
the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this Security. 
 As provided in and subject to the provisions of the Indenture, the Holder of this Security shall not have any right to institute any proceeding, judicial or otherwise, with respect to the Indenture or for
the appointment of a receiver or trustee or for any other remedy thereunder, unless such Holder shall have previously given the Trustee written notice of a continuing Event of Default with respect to the Securities of this series, the Holders of not
less than 25% in aggregate principal amount of the Securities of this series at the time Outstanding shall have made written request to the Trustee to institute proceedings in respect of such Event of Default as Trustee and offered the Trustee
reasonable indemnity against the costs, expenses and liabilities to be incurred in compliance with such request, and the Trustee shall not have received from the Holders of a majority in principal amount of Securities of this series at the time
Outstanding a direction inconsistent with such request, and shall have failed to institute any such proceeding, for 60 days after receipt of such notice, request and offer of indemnity. The foregoing shall not apply to any suit instituted by the
Holder of this Security for the enforcement of any payment of principal hereof on or after the respective due dates expressed herein. 

  
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 No reference herein to the Indenture and no provision of this Security or of the Indenture shall alter or
impair the obligation of the Company, which is absolute and unconditional, to pay the principal of this Security as herein provided. 
 As
provided in the Indenture and subject to certain limitations therein set forth, the transfer of this Security is registrable in the Senior Debt Security Register, upon surrender of this Security for registration of transfer at the office or agency
of the Company in any place where the principal of this Security is payable, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Company and the Senior Debt Security Registrar duly executed by, the Holder
hereof or his attorney duly authorized in writing. Thereupon one or more new Securities of this series and of like tenor, of authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or
transferees. 
 This Security, and any other Securities of this series and of like tenor, are issuable only in registered form without coupons
in denominations of any multiple of $50. As provided in the Indenture and subject to certain limitations therein set forth, Securities of this series are exchangeable for a like aggregate principal amount of Securities of this series and of like
tenor of a different authorized denomination, as requested by the Holder surrendering the same. 
 No service charge shall be made for any such
registration of transfer or exchange, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. 
 Prior to due presentment of this Security for registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee may treat the Person in whose name this Security is registered
as the owner hereof for all purposes, whether or not this Security be overdue, and neither the Company, the Trustee nor any such agent shall be affected by notice to the contrary. 
 This Security and the Indenture shall be governed by and construed in accordance with the laws of the State of New York. 

  
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