Document:

COMMON UNIT PURCHASE AGREEMENT

 Exhibit 10.1 
 COMMON UNIT 
 PURCHASE AGREEMENT 
 by and among 
 MGG MIDSTREAM HOLDINGS, L.P., 
 MAGELLAN MIDSTREAM HOLDINGS, L.P. 
 and 
 THE PURCHASERS PARTY HERETO 

 Table of Contents 
  

					
	 ARTICLE I DEFINITIONS
	  	
			
	 Section 1.01
	  	Definitions	  	1
	 Section 1.02
	  	Accounting Procedures and Interpretation	  	4
		
	 ARTICLE II AGREEMENT TO SELL AND PURCHASE
	  	
			
	 Section 2.01
	  	Sale and Purchase	  	5
	 Section 2.02
	  	Closing	  	5
	 Section 2.03
	  	Selling Unitholder Deliveries	  	5
	 Section 2.04
	  	Partnership Deliveries	  	6
	 Section 2.05
	  	Purchasers’ Deliveries	  	6
	 Section 2.06
	  	Independent Nature of Purchasers’ Obligations and Rights	  	7
		
	 ARTICLE III REPRESENTATIONS AND WARRANTIES AND COVENANTS RELATED TO THE PARTNERSHIP AND THE SELLING UNITHOLDER
	  	
			
	 Section 3.01
	  	Valid Existence; No Conflicts/Violations/Breaches	  	7
	 Section 3.02
	  	SEC Documents	  	8
	 Section 3.03
	  	No Registration	  	8
	 Section 3.04
	  	Authorization; Enforceability	  	9
	 Section 3.05
	  	Permits/Laws	  	8
	 Section 3.06
	  	No Investment Company	  	10
	 Section 3.07
	  	Approvals	  	10
	 Section 3.08
	  	MLP Status	  	10
	 Section 3.09
	  	Form S-3 Eligibility	  	10
	 Section 3.10
	  	Listing of Units	  	10
	 Section 3.11
	  	Subsequent Offerings	  	10
	 Section 3.12
	  	No Integration	  	10
	 Section 3.13
	  	Valid Issuance of Purchased Units	  	10
	 Section 3.14
	  	No Material Adverse Change	  	11
	 Section 3.15
	  	Preemptive Rights or Registration Rights	  	11
	 Section 3.16
	  	Tax Information	  	11
	 Section 3.17
	  	Public Filing	  	11
	 Section 3.18
	  	No Brokerage Fee	  	11
	 Section 3.19
	  	No Side Agreements	  	11
		
	 ARTICLE IV REPRESENTATIONS AND WARRANTIES AND COVENANTS RELATED TO THE SELLING UNITHOLDER
	  	
			
	 Section 4.01
	  	Valid Title; No Liens; Use of Proceeds	  	12
	 Section 4.02
	  	Existence; No Breach	  	12
	 Section 4.03
	  	Authorization; Enforceability	  	12
	 Section 4.04
	  	No Brokerage Fee	  	13
	 Section 4.05
	  	Selling Unitholder Lock-Up	  	13
	 Section 4.06
	  	No Side Agreements	  	13
	 Section 4.07
	  	Approvals	  	13
	 Section 4.08
	  	No Rights of First Refusal	  	13

					
	 ARTICLE V REPRESENTATIONS AND WARRANTIES AND COVENANTS OF THE PURCHASERS
	  	
			
	 Section 5.01
	  	Existence	  	13
	 Section 5.02
	  	Authorization, Enforceability	  	14
	 Section 5.03
	  	No Breach	  	14
	 Section 5.04
	  	No Brokerage Fee	  	14
	 Section 5.05
	  	Investment	  	14
	 Section 5.06
	  	Nature of Purchasers	  	15
	 Section 5.07
	  	Receipt of Information; Authorization	  	15
	 Section 5.08
	  	Restricted Securities	  	15
	 Section 5.09
	  	Legend	  	15
	 Section 5.10
	  	No Substantial Security Holders	  	15
	 Section 5.11
	  	Purchaser Lock-Up	  	16
		
	 ARTICLE VI INDEMNIFICATION, COSTS AND EXPENSES
	  	
			
	 Section 6.01
	  	Indemnification by the Selling Unitholder	  	16
	 Section 6.02
	  	Indemnification by the Purchasers	  	16
	 Section 6.03
	  	Indemnification Procedure	  	16
		
	 ARTICLE VII MISCELLANEOUS
	  	
			
	 Section 7.01
	  	Interpretation and Survival of Provisions	  	18
	 Section 7.02
	  	Survival of Provisions	  	18
	 Section 7.03
	  	No Waiver; Modifications in Writing	  	18
	 Section 7.04
	  	Binding Effect; Assignment	  	19
	 Section 7.05
	  	Non-Disclosure	  	19
	 Section 7.06
	  	Communications	  	20
	 Section 7.07
	  	Removal of Legend	  	21
	 Section 7.08
	  	Entire Agreement	  	21
	 Section 7.09
	  	Governing Law	  	21
	 Section 7.10
	  	Execution in Counterparts	  	21
	 Section 7.11
	  	Taking of Necessary Action	  	21
	 Section 7.12
	  	Aggregation of Purchased Units	  	21
	 Section 7.13
	  	Expenses	  	22
	 Section 7.14
	  	Obligations Limited to Parties to Agreement	  	22

 Schedule A — List of Purchasers and Commitment Amounts 
 Schedule B — Notice and Contact Information 
 Exhibit A — Form of
Registration Rights Agreement 

 COMMON UNIT PURCHASE AGREEMENT 
 This COMMON UNIT PURCHASE AGREEMENT, dated as of April 3, 2007 (this “Agreement”), is by and among MGG MIDSTREAM HOLDINGS, L.P., a
Delaware limited partnership (the “Selling Unitholder”), MAGELLAN MIDSTREAM HOLDINGS, L.P., a Delaware limited partnership (the “Partnership”) and each of the purchasers set forth in Schedule A hereto
(each a “Purchaser” and, collectively, the “Purchasers”). 
 WHEREAS, the Selling Unitholder desires to
sell to each of the Purchasers, and each of the Purchasers desires, severally and not jointly, to purchase from the Selling Unitholder, certain Common Units, in accordance with the provisions of this Agreement; and 
 WHEREAS, the Partnership has agreed to provide the Purchasers with certain registration rights with respect to the Common Units acquired pursuant hereto.

 NOW THEREFORE, in consideration of the mutual covenants and agreements set forth herein and for good and valuable consideration, the
receipt of which is hereby acknowledged, the parties hereby agree as follows (in the case of the Purchasers, severally and not jointly): 
 ARTICLE I 
 DEFINITIONS 
 Section 1.01 Definitions. As used in this Agreement, and unless the context requires a different meaning, the following terms have the meanings indicated: 
 “Affiliate” means, with respect to a specified Person, any other Person, directly or indirectly controlling, controlled by or under
direct or indirect common control with such specified Person. For purposes of this definition, “control” (including, with correlative meanings, “controlling”, “controlled by”, and “under common control with”)
means the power to direct or cause the direction of the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise. 
 “Agreement” has the meaning set forth in the introductory paragraph. 
 “Basic Documents” means, collectively, this Agreement, the Registration Rights Agreement, the Non-Disclosure Agreements and any and all
other agreements or instruments executed and delivered by the Parties on even date herewith or at the Closing relating to the sale of the Purchased Units, or any amendments, supplements, continuations or modifications thereto. 
 “Business Day” means any day other than a Saturday, Sunday, any federal legal holiday or day on which banking institutions in the State
of New York or State of Oklahoma are authorized or required by law or other governmental action to close. 
 “Closing” shall
have the meaning specified in Section 2.02. 
 “Closing Date” shall have the meaning specified in
Section 2.02. 
 “Commission” means the United States Securities and Exchange Commission. 

 “Common Unit Purchase Price” shall have the meaning specified in
Section 2.01(b). 
 “Common Units” means the common units representing limited partner interests in the
Partnership. 
 “Credit Agreement” means that certain Amended and Restated Credit Agreement, dated as of December 21,
2005, among the Selling Unitholder, the Partnership, the several banks and other financial institutions or entities from time to time parties to the Credit Agreement, Goldman Sachs Credit Partners L.P., as sole lead arranger and joint bookrunner,
Lehman Commercial Paper Inc., as syndication agent, and Goldman Sachs Credit Partners L.P., as administrative agent. 
 “Credit
Agreement Lien” shall have the meaning specified in Section 4.01. 
 “Exchange Act” means the
Securities Exchange Act of 1934, as amended from time to time, and the rules and regulations of the Commission promulgated thereunder. 
 “GAAP” means generally accepted accounting principles in the United States of America in effect from time to time. 
 “Governmental Authority” means, with respect to a particular Person, any country, state, county, city and political subdivision in which such Person or such Person’s Property is located or that exercises valid
jurisdiction over any such Person or such Person’s Property, and any court, agency, department, commission, board, bureau or instrumentality of any of them and any monetary authority that exercises valid jurisdiction over any such Person or
such Person’s Property. Unless otherwise specified, all references to Governmental Authority herein with respect to the Selling Unitholder means a Governmental Authority having jurisdiction over the Selling Unitholder, its Subsidiaries or any
of their respective Properties. 
 “Indemnified Party” shall have the meaning specified in Section 6.03.

 “Indemnifying Party” shall have the meaning specified in Section 6.03. 
 “Law” means any federal, state, local or foreign order, writ, injunction, judgment, settlement, award, decree, statute, law, rule or
regulation. 
 “Lien” means any interest in Property securing an obligation owed to, or a claim by, a Person other than the
owner of the Property, whether such interest is based on the common law, statute or contract, and whether such obligation or claim is fixed or contingent, and including but not limited to the lien or security interest arising from a mortgage,
encumbrance, pledge, security agreement, conditional sale or trust receipt or a lease, consignment or bailment for security purposes. For the purpose of this Agreement, a Person shall be deemed to be the owner of any Property that it has acquired or
holds subject to a conditional sale agreement, or leases under a financing lease or other arrangement pursuant to which title to the Property has been retained by or vested in some other Person in a transaction intended to create a financing.

 “Lock-Up Date” means 60 days from the Closing Date. 
  

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 “Non-Disclosure Agreements” means collectively (i) the Confidentiality Agreement,
dated March 19, 2007, by and between Atlantic Trust Company, N.A. and the Partnership, (ii) the Confidentiality Agreement, dated March 28, 2007, by and between Carlson Capital, L.P. and the Partnership, (iii) the Confidentiality
Agreement, dated March 20, 2007, by and between Fiduciary Asset Management, LLC and the Partnership, (iv) the Confidentiality Agreement, dated March 21, 2007, by and between Flinn Asset Management, LLC and the Partnership,
(v) the Confidentiality Agreement, dated March 19, 2007, by and between GPS Partners LLC and the Partnership, (vi) the Confidentiality Agreement, dated March 21, 2007, by and between Karlin Holdings LP (GKM Capital) and the
Partnership, (vii) the Confidentiality Agreement, dated March 21, 2007, by and between Kayne Anderson Capital Advisors, L.P. and the Partnership, (viii) the Confidentiality Agreement, dated March 26, 2007, by and between Lehman
Brothers MLP Opportunity Fund L.P. and the Partnership, (ix) the Confidentiality Agreement, dated March 20, 2007, by and between Swank Capital, LLC and the Partnership, (x) the Confidentiality Agreement, dated March 21, 2007, by
and between Talkot Capital LLC and the Partnership, (xi) the Confidentiality Agreement, dated March 21, 2007, by and between Tortoise Capital Advisors, L.L.C. and the Partnership and (xii) the Confidentiality Agreement, dated
March 21, 2007, by and between Zimmer Lucas Partners, L.L.C. and the Partnership. 
 “NYSE” shall mean The New York
Stock Exchange, Inc. 
 “Parties” means the Selling Unitholder, the Partnership and the Purchasers. 
 “Partnership” has the meaning set forth in the introductory paragraph. 
 “Partnership Agreement” means the Fourth Amended and Restated Agreement of Limited Partnership of the Partnership dated
February 15, 2006, as may be amended from time to time. 
 “Partnership GP” means Magellan Midstream Holdings GP, LLC,
a Delaware limited liability company and the general partner of the Partnership. 
 “Partnership Material Adverse Effect”
shall have the meaning specified in Section 3.01. 
 “Partnership Related Parties” shall have the meaning
specified in Section 6.02. 
 “Partnership Securities” means any class or series of equity interest in the
Partnership, including, without limitation, Common Units. 
 “Person” means any individual, corporation, company, voluntary
association, partnership, joint venture, trust, limited liability company, unincorporated organization or government or any agency, instrumentality or political subdivision thereof, or any other form of entity. 
 “Property” means any interest in any kind of property or asset, whether real, personal or mixed, or tangible or intangible. 

“Purchase Price” means, with respect to a particular Purchaser, the monetary commitment amount equal to the product of the number of
Purchased Units for such Purchaser multiplied by the Common Unit Purchase Price. 
  

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 “Purchased Units” means with respect to each Purchaser, the number of Common Units as
set forth opposite such Purchaser’s name on Schedule A hereto. 
 “Purchaser” and “Purchasers”
each has the meaning set forth in the introductory paragraph. 
 “Purchaser Related Parties” shall have the meaning
specified in Section 6.01. 
 “Registration Rights Agreement” means the Registration Rights Agreement, to be
entered into at the Closing, between the Partnership and the Purchasers in the form attached hereto as Exhibit A. 
 “Representatives” of any Person means the officers, directors, managers, employees, agents, counsel, accountants, Affiliates, control persons, investment bankers and other representatives of such Person. 
 “SEC Documents” shall have the meaning specified in Section 3.02. 
 “Securities Act” means the Securities Act of 1933, as amended from time to time, and the rules and regulations of the Commission
promulgated thereunder. 
 “Selling Unitholder” has the meaning set forth in the introductory paragraph. 
 “Selling Unitholder GP” means MGG Midstream Holdings GP, LLC, a Delaware limited liability company. 
 “Selling Unitholder Material Adverse Effect” shall have the meaning specified in Section 4.02. 
 “Selling Unitholder Related Parties” shall have the meaning specified in Section 6.02. 
 “Subsidiary” means, as to any Person, any corporation or other entity of which: (i) such Person or a Subsidiary of such Person is a
general partner or manager; (ii) at least a majority of the outstanding equity interest having by the terms thereof ordinary voting power to elect a majority of the board of directors or similar governing body of such corporation or other
entity (irrespective of whether or not at the time any equity interest of any other class or classes of such corporation or other entity shall have or might have voting power by reason of the happening of any contingency) is at the time directly or
indirectly owned or controlled by such Person or one or more of its Subsidiaries; or (iii) any corporation or other entity as to which such Person consolidates for accounting purposes. 
 “Transfer Agent” means UMB Bank, n.a., as transfer agent. 
 Section 1.02 Accounting Procedures and Interpretation. Unless otherwise specified herein, all accounting terms used herein shall be interpreted, all determinations with respect to accounting matters hereunder
shall be made, and all financial statements and certificates and reports as to financial matters required to be furnished to the Purchasers hereunder shall be prepared, in accordance with GAAP applied on a consistent basis during the periods
involved 

  

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(except as may be indicated in the notes thereto or, in the case of unaudited statements, as permitted by Form 10-Q promulgated by the Commission) and
in compliance as to form in all material respects with applicable accounting requirements and with the published rules and regulations of the Commission with respect thereto. 
 ARTICLE II 
 AGREEMENT TO SELL AND PURCHASE 
 Section 2.01 Sale and Purchase. 
 (a)
Subject to the terms and conditions hereof, the Selling Unitholder hereby agrees to sell to each Purchaser and each Purchaser, severally and not jointly, hereby agrees to purchase from the Selling Unitholder, the number of Purchased Units as set
forth on Schedule A (such number of Purchased Units set forth thereon with respect to each Purchaser), and each Purchaser agrees to pay the Selling Unitholder the Common Unit Purchase Price for each Purchased Unit as set forth in
paragraph (b) below. 
 (b) The amount per Common Unit each Purchaser will pay to the Selling Unitholder to purchase the Purchased Units
(the “Common Unit Purchase Price”) hereunder shall be $24.50; provided, however, that if the Closing Date is after the record date for the distribution to unitholders with respect to the quarter ended March 31,
2007, the Purchase Price shall be reduced by the amount per unit of such distribution. 
 Section 2.02 Closing. Subject to the terms
and conditions hereof, the consummation of the purchase and sale of the Purchased Units hereunder (the “Closing”) shall take place on the date of execution of this Agreement (the “Closing Date”) at the offices of
Vinson & Elkins L.L.P., 1001 Fannin Street, Suite 2500, Houston, Texas. 
 Section 2.03 Selling Unitholder Deliveries. At the
Closing, subject to the terms and conditions hereof, the Selling Unitholder will deliver, or cause to be delivered, to the Purchasers: 
 (a)
Copies of the Certificate of Limited Partnership of the Selling Unitholder and of the Certificate of Formation of the Selling Unitholder GP, each certified by the Secretary of State of the jurisdiction of its formation as of a recent date;

 (b) A certificate of the Secretary of State of the State of Delaware, dated a recent date, to the effect that each of the Selling
Unitholder and the Selling Unitholder GP is in good standing; 
 (c) A certificate or certificates representing the Purchased Units (bearing
the legend set forth in Section 5.09) and meeting the requirements of the Partnership Agreement, free and clear of any Liens, other than transfer restrictions under applicable federal and state securities laws; 
 (d) A cross-receipt executed by the Selling Unitholder and delivered to each Purchaser certifying that it has received the Purchase Price with respect to
such Purchaser as of the Closing Date; and 
  

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 (e) A certificate of the Secretary or Assistant Secretary of the Selling Unitholder GP, on behalf of
itself and the Selling Unitholder, certifying as to (1) the Selling Unitholder partnership agreement, as amended, (2) the Selling Unitholder GP limited liability company agreement, as amended, (3) board resolutions authorizing the
execution and delivery of the Basic Documents, other than the Registration Rights Agreement, and the consummation of the transactions contemplated thereby, including the sale of the Common Units and (4) its incumbent officers authorized to
execute the Basic Documents, other than the Registration Rights Agreement, setting forth the name and title and bearing the signatures of such officers. 
 Section 2.04 Partnership Deliveries. At the Closing, subject to the terms and conditions hereof, the Partnership will deliver, or cause to be delivered, to the Purchasers: 
 (a) Copies of the Certificate of Limited Partnership of the Partnership and of the Certificate of Formation of the Partnership GP, each certified by the
Secretary of State of the jurisdiction of its formation as of a recent date; 
 (b) A certificate of the Secretary of State of the State of
Delaware, dated a recent date, to the effect that the Partnership is in good standing; 
 (c) The Registration Rights Agreement in
substantially the form attached hereto as Exhibit A, which shall have been executed by the Partnership; and 
 (d) A certificate of
the Secretary or Assistant Secretary of the Partnership GP, on behalf of itself and the Partnership, certifying as to (1) the Partnership Agreement, as amended, (2) the Partnership GP limited liability company agreement, as amended,
(3) board resolutions authorizing the execution and delivery of the Basic Documents to which either the Partnership GP or the Partnership is a party and the consummation of the transactions contemplated thereby and (4) its incumbent
officers authorized to execute the Basic Documents to which either the Partnership GP or the Partnership is a party, setting forth the name and title and bearing the signatures of such officers. 
 Section 2.05 Purchasers’ Deliveries. At the Closing, subject to the terms and conditions hereof, each Purchaser will deliver, or cause to be
delivered, to the Selling Unitholder or the Partnership, as applicable: 
 (a) Payment to the Selling Unitholder of such Purchaser’s
Purchase Price by wire transfer of immediately available funds to an account designated by the Selling Unitholder in writing at least two Business Days prior to the Closing Date; 
 (b) A cross-receipt executed by each Purchaser and delivered to the Selling Unitholder certifying that it has received its respective Purchased Units as
of the Closing Date; and 
 (c) To the Partnership, the Registration Rights Agreement in substantially the form attached hereto as Exhibit
A, which shall have been executed by such Purchaser. 
  

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 Section 2.06 Independent Nature of Purchasers’ Obligations and Rights. The obligations of
each Purchaser under any Basic Document are several and not joint with the obligations of any other Purchaser, and no Purchaser shall be responsible in any way for the performance of the obligations of any other Purchaser under any Basic Documents.
The failure or waiver of performance under any Basic Document by any Purchaser does not excuse performance by any other Purchaser. Nothing contained herein or in any other Basic Document, and no action taken by any Purchaser pursuant thereto, shall
be deemed to constitute the Purchasers as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Purchasers are in any way acting in concert or as a group with respect to such obligations or the
transactions contemplated by the Basic Document. Each Purchaser shall be entitled to independently protect and enforce its rights, including without limitation, the rights arising out of this Agreement or out of the other Basic Documents, and it
shall not be necessary for any other Purchaser to be joined as an additional party in any proceeding for such purpose. 
 ARTICLE III

 REPRESENTATIONS AND WARRANTIES AND COVENANTS 
 RELATED TO THE PARTNERSHIP AND THE SELLING UNITHOLDER 
 Each of the Partnership and the Selling
Unitholder, jointly and severally, represents and warrants and covenants to each Purchaser as follows: 
 Section 3.01 Valid Existence; No
Conflicts/Violations/Breaches. 
 (a) (i) The Partnership has been duly formed and is validly existing in good standing as a limited
partnership under the laws of the state of Delaware, with all necessary power and authority to own its properties and to conduct its business as currently conducted; (ii) the execution, delivery and performance of this Agreement and the
Registration Rights Agreement by the Partnership and the consummation by the Partnership of the transactions contemplated hereby and thereby (A) will not conflict with or result in a breach or violation of any of the terms or provisions of, or
constitute a default under, any material agreement to which the Partnership is a party or by which the Partnership is bound or to which any of the property or assets of the Partnership is subject, (B) will not result in any violation of the
provisions of the certificate of limited partnership or the partnership agreement of the Partnership, or (C) will not violate any statute or any order, rule or regulation of any court or governmental agency or body having jurisdiction over the
Partnership or the property or assets of the Partnership, except in the case of clauses (ii)(A) and (ii)(C), for such conflicts, breaches, violations or defaults as would not prevent the consummation of the transactions contemplated by this
Agreement and would not, individually or in the aggregate, reasonably be expected to have a material adverse effect on (1) the business, financial condition or prospects of the Partnership and its Subsidiaries, taken as a whole, or (2) the
ability of the Partnership to consummate the transaction contemplated under any Basic Document to which it is a party (a “Partnership Material Adverse Effect”). 
 (b) Each of the Partnership’s Subsidiaries has been duly formed and is validly existing and in good standing as limited liability company or limited
partnership, as applicable, under the laws of the state of Delaware, with all necessary power and authority to own its properties and to conduct its business as currently conducted. 
  

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 Section 3.02 SEC Documents. The reports, schedules and statements filed by the Partnership under
the Exchange Act since its initial public offering (all such documents filed on or prior to the date of this Agreement, collectively, the “SEC Documents”), at the time filed (except to the extent corrected by a subsequently filed
SEC Document filed prior to the date of this Agreement) (i) did not contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary in order to make the statements therein (in light of
the circumstances under which they were made in the case of any prospectus) not misleading and (ii) complied as to form in all material respects with applicable requirements of the Exchange Act and the applicable accounting requirements and
with the published rules and regulations of the Commission with respect thereto, (iii) were prepared in accordance with GAAP applied on a consistent basis during the periods involved (except as may be indicated in the notes thereto or, in the
case of unaudited statements, as permitted by Form 10-Q of the Commission), and (iv) fairly present (subject in the case of unaudited statements to normal, recurring and year-end audit adjustments) in all material respects the consolidated
financial position of the Partnership as of the dates thereof and the consolidated results of its operations and cash flows for the periods then ended. Ernst & Young LLP is an independent registered public accounting firm with respect to
the Partnership and has not resigned or been dismissed. 
 Section 3.03 No Registration. Assuming the accuracy of the representations
and warranties of each Purchaser contained in Sections 5.05, 5.06, 5.07, 5.08 and 5.09, the sale of the Purchased Units pursuant to this Agreement is exempt from registration requirements of the Securities Act.

 Section 3.04 Authorization; Enforceability. The Partnership has all necessary partnership power and authority to execute, deliver
and perform its obligations under this Agreement and the other Basic Documents. The execution, delivery and performance of this Agreement and the other Basic Documents by the Partnership and the consummation by it of the transactions contemplated
hereby and thereby have been duly and validly authorized by all necessary legal action, and no further consent or authorization of the Partnership, the Partnership GP or the unitholders of the Partnership is required. This Agreement and the other
Basic Documents have been duly executed and delivered by the Partnership and constitute legal, valid and binding agreements of the Partnership, enforceable in accordance with their terms; provided, that the enforceability hereof and thereof
may be limited by bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar laws relating to or affecting creditors’ rights generally and by general principles of equity (regardless of whether such enforceability is
considered in a proceeding in equity or at law). 
 Section 3.05 Permits/Laws. 
 (a) The Partnership has such permits, consents, licenses, franchises, certificates and authorizations of governmental or regulatory authorities as are
necessary to own its properties and to conduct its business as currently conducted except for such permits which, if not obtained, would not, individually or in the aggregate, have a Partnership Material Adverse Effect. 
 (b) No Law has been enacted or promulgated, and no action has been taken, by any Governmental Authority of competent jurisdiction which temporarily,
preliminarily or permanently restrains, precludes, enjoins or otherwise prohibits the consummation of the transactions contemplated by this Agreement or the Basic Documents or makes the transactions contemplated by this Agreement or the Basic
Documents illegal. 
  

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 (c) There is no pending any action by any Governmental Authority seeking to restrain, preclude, enjoin or
prohibit the transactions contemplated by this Agreement or the Basic Documents. 
  

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 Section 3.06 No Investment Company. The Partnership is not an “investment company”
within the meaning of the Investment Company Act of 1940, as amended. 
 Section 3.07 Approvals. Except for the approvals required by
the Commission in connection with any registration statement filed under the Registration Rights Agreement, no authorization, consent, approval, waiver, license, qualification or written exemption from, nor any filing, declaration, qualification or
registration with, any Governmental Authority or any other Person is required in connection with the execution, delivery or performance by the Partnership of any of the Basic Documents, other than the Current Report on Form 8-K required under
Section 3.17 hereof or except where the failure to receive such authorization, consent, approval, waiver, license, qualification or written exemption from, or to make such filing, declaration, qualification or registration would not,
individually or in the aggregate, reasonably be expected to have a Partnership Material Adverse Effect. 
 Section 3.08 MLP Status.
The Partnership has, for each taxable year beginning after December 31, 2005, during which the Partnership was in existence, met the gross income requirements of Section 7704(c)(2) of the Internal Revenue Code of 1986, as amended.

 Section 3.09 Form S-3 Eligibility. The Partnership is eligible to register the resale of its Common Units for resale by the
Purchasers under Form S-3 promulgated under the Securities Act. 
 Section 3.10 Listing of Units. The Purchased Units have been
approved for listing on the New York Stock Exchange. The Partnership has not received from the New York Stock Exchange any notice of the delisting of its Common Units. 
 Section 3.11 Subsequent Offerings. Without the written consent of the holders of a majority of the Purchased Units taken as a whole, from the date of this Agreement until the Lock-Up Date, the Partnership shall
not, and the Partnership GP shall cause its directors, officers and Affiliates not to, grant, issue or sell any Partnership Securities, any securities convertible into or exchangeable therefor or take any other action that may result in the issuance
of any of the foregoing, other than (i) at a price greater than or equal to 110% of the Common Unit Purchase Price, (ii) the issuance or sale of Partnership Securities issued or sold in a registered public offering in connection with
future transactions that are accretive to cash flow per Common Unit and (iii) the issuance of Partnership Securities issued pursuant to the Partnership Long-Term Incentive Plan. 
 Section 3.12 No Integration. Notwithstanding Section 3.11, the Partnership shall not, and the Partnership GP shall cause its directors,
officers and Affiliates not to, sell, offer for sale or solicit offers to buy any security (as defined in the Securities Act) that would be integrated with the sale of the Purchased Units in a manner that would require the registration under the
Securities Act of the sale of the Purchased Units to the Purchasers. 
 Section 3.13 Valid Issuance of Purchased Units. All of the
Purchased Units have been duly authorized and validly issued in accordance with applicable Law and the Partnership Agreement and are fully paid and nonassessable. 
  

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 Section 3.14 No Material Adverse Change. Except as set forth in or contemplated by the SEC
Documents, since December 31, 2006, the Partnership and its Subsidiaries have conducted their business in the ordinary course, consistent with past practice, and there has been no (i) change that has had or would reasonably be expected to
have a Partnership Material Adverse Effect, (ii) acquisition or disposition of any material asset by the Partnership or any of its Subsidiaries or any contract or arrangement therefor, otherwise than for fair value in the ordinary course of
business, (iii) material change in the Partnership’s accounting principles, practices or methods or (iv) incurrence of material indebtedness. 
 Section 3.15 Preemptive Rights or Registration Rights. Except (i) as set forth in the Partnership Agreement, (ii) as set forth in the other organizational documents of the Partnership and its
Subsidiaries, (iii) as provided in the Basic Documents or (iv) for existing awards under the Partnership’s long-term incentive plan, there are no preemptive rights or other rights to subscribe for or to purchase, nor any restriction
upon the voting or transfer of, any capital stock or equity interests of the Partnership or any of its Subsidiaries, in each case pursuant to any other agreement or instrument to which any of such Persons is a party or by which any one of them may
be bound. Neither the execution of this Agreement nor the sale of the Purchased Units as contemplated by this Agreement gives rise to any rights for or relating to the registration of any securities of the Partnership, other than pursuant to the
Registration Rights Agreement. 
 Section 3.16 Tax Information. The Partnership shall cooperate with the Purchasers and provide the
Purchasers with any reasonably requested tax information related to their ownership of the Purchased Units. 
 Section 3.17 Public
Filing. Before 8:30 a.m., New York time, on the first Business Day following the Closing Date, the Partnership shall issue a press release acceptable to the Purchasers disclosing all material terms of the transactions contemplated hereby and
file a Current Report on Form 8-K with the Commission describing the terms of the transactions contemplated by this Agreement and the other Basic Documents and including as exhibits to such Current Report on Form 8-K this Agreement and the
Registration Rights Agreement, in the form required by the Exchange Act. The Partnership shall not, and shall cause each of its respective Representatives not to, provide any Purchaser with any material non-public information regarding the
Partnership from and after the issuance of the above-referenced press release without the express written consent of such Purchaser. 
 Section 3.18 No Brokerage Fee. There are no contracts, agreements or understandings between the Partnership and any Person that would give rise to a valid claim against any Purchaser for a brokerage commission, finder’s fee or
other like payment in connection with the purchase and sale of the Purchased Units pursuant to this Agreement. 
 Section 3.19 No Side
Agreements. There are no agreements by, among or between the Partnership or any of its Affiliates, on the one hand, and any Purchaser or any of its Affiliates, on the other hand, with respect to the transactions contemplated hereby other than
the Basic Documents, nor promises or inducements for future transactions between or among any of such parties. 
  

 11 

 ARTICLE IV 
 REPRESENTATIONS AND WARRANTIES AND COVENANTS 
 RELATED TO THE SELLING UNITHOLDER 
 The Selling Unitholder represents and warrants and covenants to each Purchaser as follows: 
 Section 4.01 Valid Title; No Liens; Use of Proceeds. The Selling Unitholder has good and valid title to the Purchased Units, free and clear of all
liens, encumbrances, equities or claims, except such as exist under and as a result of the pledge of the Purchased Units to secure indebtedness outstanding, interest and other obligations under the Credit Agreement (“Credit Agreement
Lien”). “). On the Closing Date, the Selling Unitholder shall use the net proceeds received from the sale of Purchased Units to repay all of the outstanding indebtedness outstanding under the Credit Agreement and, as of the Closing
Date, all of the Purchased Units pledged as security for such indebtedness shall have been released. Upon delivery of the Purchased Units and payment therefor pursuant hereto, good and valid title to such Purchased Units, free and clear of all
liens, encumbrances, equities or claims, including Credit Agreement Liens, will pass to the Purchasers. 
 Section 4.02 Existence; No
Breach. (i) The Selling Unitholder has been duly formed and is validly existing in good standing as a limited partnership under the laws of the state of Delaware, with all necessary power and authority to own its properties and to conduct
its business as currently conducted; (ii) the execution, delivery and performance of this Agreement by the Selling Unitholder and the consummation by the Selling Unitholder of the transactions contemplated hereby (A) will not conflict with
or result in a breach or violation of any of the terms or provisions of, or constitute a default under, any material agreement to which the Selling Unitholder is a party or by which the Selling Unitholder is bound or to which any of the property or
assets of the Selling Unitholder is subject, (B) will not result in any violation of the provisions of the certificate of limited partnership or the partnership agreement of the Selling Unitholder, or (C) will not violate any statute or
any order, rule or regulation of any court or governmental agency or body having jurisdiction over the Selling Unitholder or the property or assets of the Selling Unitholder, except in the case of clauses (ii)(A) and (ii)(C), for such conflicts,
breaches, violations or defaults as would not prevent the consummation of the transactions contemplated by this Agreement and would not, individually or in the aggregate, reasonably be expected to have a material adverse effect on (1) the
financial condition of the Selling Unitholder or (2) the ability of the Selling Unitholder to consummate the transactions contemplated under any Basic Document to which it is a party (a “Selling Unitholder Material Adverse
Effect”). 
 Section 4.03 Authorization; Enforceability. The Selling Unitholder has all necessary partnership power and
authority to execute, deliver and perform its obligations under this Agreement and any other Basic Document to which it is a party. The execution, delivery and performance of this Agreement and any other Basic Document to which it is a party by the
Selling Unitholder and the consummation by it of the transactions contemplated hereby have been duly and validly authorized by all necessary legal action, and no further consent or authorization of the Selling Unitholder, its general partner or its
unitholders is required. This Agreement and any other Basic Document to which it is a party has been duly executed and delivered by the Selling Unitholder and constitutes a legal, valid and binding agreement of the 

  

 12 

 
Selling Unitholder, enforceable in accordance with its terms; provided that, the enforceability thereof may be limited by bankruptcy, insolvency,
fraudulent transfer, reorganization, moratorium and similar laws relating to or affecting creditors’ rights generally and by general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at
law). 
 Section 4.04 No Brokerage Fee. There are no contracts, agreements or understandings between the Selling Unitholder and any
Person that would give rise to a valid claim against any Purchaser for a brokerage commission, finder’s fee or other like payment in connection with the purchase and sale of the Purchased Units pursuant to this Agreement. 
 Section 4.05 Selling Unitholder Lock-Up. Without the written consent of the holders of a majority of the Purchased Units taken as a whole, from
the date of this Agreement until the Lock-Up Date, the Selling Unitholder shall not, and the Selling Unitholder GP shall cause its directors, officers and Affiliates not to, sell any Partnership Securities or any securities convertible into or
exchangeable therefor. 
 Section 4.06 No Side Agreements. There are no agreements by, among or between the Selling Unitholder or any
of its Affiliates, on the one hand, and any Purchaser or any of its Affiliates, on the other hand, with respect to the transactions contemplated hereby other than the Basic Documents nor promises or inducements for future transactions between or
among any of such parties. 
 Section 4.07 Approvals. No authorization, consent, approval, waiver, license, qualification or written
exemption from, nor any filing, declaration, qualification or registration with, any Governmental Authority or any other Person is required in connection with the execution, delivery or performance by the Selling Unitholder of any of the Basic
Documents, except where the failure to receive such authorization, consent, approval, waiver, license, qualification or written exemption from, or to make such filing, declaration, qualification or registration would not, individually or in the
aggregate, reasonably be expected to have a Selling Unitholder Material Adverse Effect. 
 Section 4.08 No Rights of First Refusal.
Neither the execution of this Agreement nor the sale of the Purchased Units as contemplated by this Agreement gives rise to any rights of first refusal, rights of first offer or similar rights that would entitle any Person to purchase or otherwise
acquire any of the Purchased Units or require that an offer to purchase or acquire any of the Purchased Units be made to any Person. 
 ARTICLE V 
 REPRESENTATIONS AND WARRANTIES AND COVENANTS 
 OF THE PURCHASERS 
 Each Purchaser, severally and not jointly, hereby represents
and warrants and covenants to the Selling Unitholder and the Partnership that: 
 Section 5.01 Existence. Such Purchaser is duly
organized and validly existing and in good standing under the laws of its state of formation, with all necessary power and authority to own properties and to conduct its business as currently conducted. 
  

 13 

 Section 5.02 Authorization, Enforceability. Such Purchaser has all necessary legal power and
authority to enter into, deliver and perform its obligations under this Agreement and the Registration Rights Agreement. The execution, delivery and performance of this Agreement and the Registration Rights Agreement by such Purchaser and the
consummation by it of the transactions contemplated hereby and thereby have been duly and validly authorized by all necessary legal action, and no further consent or authorization of such Purchaser is required. This Agreement and the Registration
Rights Agreement have been duly executed and delivered by such Purchaser and constitute legal, valid and binding obligations of such Purchaser; provided, that the enforceability hereof and thereof may be limited by bankruptcy, insolvency,
fraudulent transfer, reorganization, moratorium and similar laws relating to or affecting creditors’ rights generally and by general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at
law). 
 Section 5.03 No Breach. The execution, delivery and performance of this Agreement and the Registration Rights Agreement by
such Purchaser and the consummation by such Purchaser of the transactions contemplated hereby and thereby will not (A) conflict with or result in a breach or violation of any of the terms or provisions of, or constitute a default under, any
material agreement to which such Purchaser is a party or by which such Purchaser is bound or to which any of the property or assets of such Purchaser is subject, (B) result in any violation of the provisions of the organizational documents of
such Purchaser, or (C) violate any statute or order, rule or regulation of any court or governmental agency or body having jurisdiction over such Purchaser or the property or assets of such Purchaser, except in the case of clauses
(A) and (C), for such conflicts, breaches, violations or defaults as would not prevent the consummation of the transactions contemplated by this Agreement or the Registration Rights Agreement and could not, individually or in the
aggregate, reasonably be expected to have a material adverse effect on the financial condition or prospects of such Purchaser. 
 Section
5.04 No Brokerage Fee. There are no contracts, agreements or understandings between such Purchaser and any person that would give rise to a valid claim against the Selling Unitholder for a brokerage commission, finder’s fee or other like
payment in connection with the purchase and sale of the Purchased Units purchased by such Purchaser pursuant to this Agreement. 
 Section
5.05 Investment. The Purchased Units are being acquired by such Purchaser for its own account or the account of clients for whom it exercises investment discretion, not as a nominee or agent, and with no present intention of distributing the
Purchased Units or any part thereof, and such Purchaser has no present intention of selling or granting any participation in or otherwise distributing the same in any transaction in violation of the securities laws of the United States or any state,
without prejudice, however, to such Purchaser’s right at all times to sell or otherwise dispose of all or any part of the Purchased Units under a registration statement under the Securities Act and applicable state securities laws or under an
exemption from such registration available thereunder (including, without limitation, if available, Rule 144 promulgated thereunder). If such Purchaser should in the future decide to dispose of any of the Purchased Units, such Purchaser
understands and agrees that it may do so only in compliance with the Securities Act and applicable state securities law, as then in effect, which may include a sale contemplated by any registration statement pursuant to which such securities are
being offered, or pursuant to an exemption therefrom. Notwithstanding the foregoing, each Purchaser 

  

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may at any time enter into one or more total return swaps with respect to such Purchaser’s Purchased Units with a third party, provided that such
transactions are exempt from registration under the Securities Act. 
 Section 5.06 Nature of Purchasers. Such Purchaser represents
and warrants to, and covenants and agrees with, the Selling Unitholder and the Partnership that (a) it is a “qualified institutional buyer” within the meaning of Rule 144A promulgated by the Securities and Exchange Commission pursuant
to the Securities Act or an “accredited investor” within the meaning of clause (1), (2), (3), (7) or (8) of Rule 501(a) of Regulation D promulgated by the Securities and Exchange Commission pursuant to the Securities Act that
has, or the equity owners of which have, assets of at least $100 million and (b) by reason of its business and financial experience it has such knowledge, sophistication and experience in making similar investments and in business and financial
matters generally so as to be capable of evaluating the merits and risks of the prospective investment in the Purchased Units, is able to bear the economic risk of such investment and, at the present time, would be able to afford a complete loss of
such investment. 
 Section 5.07 Receipt of Information; Authorization. Such Purchaser acknowledges that it has (a) had access to
the Partnership’s periodic filings with the Commission, including the Partnership’s Annual Report on Form 10-K for the year ended December 31, 2006 and Current Reports filed on Form 8-K since January 1, 2007 and (b) been
provided a reasonable opportunity to ask questions of and receive answers from Representatives of the Partnership regarding such matters sufficient to enable such Purchaser to evaluate the risks and merits of purchasing the Purchased Units and
consummating the transactions contemplated by the Basic Documents. 
 Section 5.08 Restricted Securities. Such Purchaser understands
that the Purchased Units it is purchasing are characterized as “restricted securities” under the federal securities Laws inasmuch as they are being acquired from the Selling Unitholder in a transaction not involving a public offering and
that under such Laws and applicable regulations such securities may be resold without registration under the Securities Act only in certain limited circumstances. In this connection, such Purchaser represents that it is knowledgeable with respect to
Rule 144 of the Commission promulgated under the Securities Act. 
 Section 5.09 Legend. It is understood that the certificates
evidencing the Purchased Units initially will bear the following legend: “These securities have not been registered under the Securities Act of 1933, as amended. They may not be sold or offered for sale in the absence of a registration
statement in effect with respect to the securities under such Act or pursuant to an exemption from registration thereunder or an opinion of counsel satisfactory to the Transfer Agent that such registration is not required or unless sold pursuant to
Rule 144 of such Act.” These securities may be pledged in connection with a bona fide margin account or other loan secured by such securities. 
 Section 5.10 No Substantial Security Holders. Such Purchaser represents and warrants to, and covenants and agrees with, the Selling Unitholder and the Partnership that, on the date hereof and as of the date of
Closing (before giving effect to the purchase of Purchased Units pursuant to this Agreement), such Purchaser and its Affiliates (a) hold beneficial ownership of less than five percent of the Common Units of the Partnership outstanding on the
date hereof and (b) hold beneficial ownership of less than five percent of the outstanding voting power of the Partnership. 
  

 15 

 Section 5.11 Purchaser Lock-Up. Such Purchaser agrees that from and after Closing it will not sell
any of the Purchased Units prior to the Lock-up Date without the written consent of the Partnership; provided, however, that each Purchaser may: (i) enter into one or more total return swaps or similar transactions at any time with
respect to the Purchased Units purchased by such Purchaser or (ii) transfer its Purchased Units to an Affiliate of such Purchaser or to any other Purchaser or an Affiliate of such other Purchaser provided that such Affiliate agrees to
the restrictions in this Section 5.11. 
 ARTICLE VI 
 INDEMNIFICATION, COSTS AND EXPENSES 
 Section 6.01 Indemnification by the Selling Unitholder.
The Selling Unitholder agrees to indemnify each Purchaser and its Representatives (collectively, “Purchaser Related Parties”) from, and hold each of them harmless against, any and all losses, actions, suits, proceedings (including
any investigations, litigation or inquiries), demands, and causes of action, and, in connection therewith, and promptly upon demand, pay or reimburse each of them for all reasonable costs, losses, liabilities, damages, or expenses of any kind or
nature whatsoever, including, without limitation, the reasonable fees and disbursements of counsel and all other reasonable expenses incurred in connection with investigating, defending or preparing to defend any such matter that may be incurred by
them or asserted against or involve any of them as a result of, arising out of, or in any way related to the breach of any of the representations, warranties or covenants of the Selling Unitholder contained herein, provided that such claim
for indemnification relating to a breach of any representation or warranty is made prior to the expiration of such representation or warranty; and provided further, that no Purchaser Related Party shall be entitled to recover special,
consequential (including lost profits or diminution in value) or punitive damages. 
 Section 6.02 Indemnification by the Purchasers.
Each Purchaser agrees, severally and not jointly, to indemnify the Selling Unitholder, the Selling Unitholder GP and their respective Representatives (collectively, the “Selling Unitholder Related Parties”) and the Partnership, the
Partnership GP and their respective Representatives (collectively, the “Partnership Related Parties”) from, and hold each of them harmless against, any and all losses, actions, suits, proceedings (including any investigations,
litigation or inquiries), demands, and causes of action, and, in connection therewith, and promptly upon demand, pay or reimburse each of them for all reasonable costs, losses, liabilities, damages, or expenses of any kind or nature whatsoever,
including, without limitation, the reasonable fees and disbursements of counsel and all other reasonable expenses incurred in connection with investigating, defending or preparing to defend any such matter that may be incurred by them or asserted
against or involve any of them as a result of, arising out of, or in any way related to the breach of any of the representations, warranties or covenants of such Purchaser contained herein; provided that such claim for indemnification
relating to a breach of any representation or warranty is made prior to the expiration of such representation or warranty, and provided further, that no Selling Unitholder Related Party shall be entitled to recover special, consequential
(including lost profits or diminution in value) or punitive damages. 
  

 16 

 Section 6.03 Indemnification Procedure. Promptly after any Selling Unitholder Related Party,
Partnership Related Party or Purchaser Related Party (hereinafter, the “Indemnified Party”) has received notice of any indemnifiable claim hereunder, or the commencement of any action, suit or proceeding by a third person, which the
Indemnified Party believes in good faith is an indemnifiable claim under this Agreement, the Indemnified Party shall give the indemnitor hereunder (the “Indemnifying Party”) written notice of such claim or the commencement of such
action, suit or proceeding, but failure to so notify the Indemnifying Party will not relieve the Indemnifying Party from any liability it may have to such Indemnified Party hereunder except to the extent that the Indemnifying Party is materially
prejudiced by such failure. Such notice shall state the nature and the basis of such claim to the extent then known. The Indemnifying Party shall have the right to defend and settle, at its own expense and by its own counsel who shall be reasonably
acceptable to the Indemnified Party, any such matter as long as the Indemnifying Party pursues the same diligently and in good faith. If the Indemnifying Party undertakes to defend or settle, it shall promptly notify the Indemnified Party of its
intention to do so, and the Indemnified Party shall cooperate with the Indemnifying Party and its counsel in all commercially reasonable respects in the defense thereof and the settlement thereof. Such cooperation shall include, but shall not be
limited to, furnishing the Indemnifying Party with any books, records and other information reasonably requested by the Indemnifying Party and in the Indemnified Party’s possession or control. Such cooperation of the Indemnified Party shall be
at the cost of the Indemnifying Party. After the Indemnifying Party has notified the Indemnified Party of its intention to undertake to defend or settle any such asserted liability, and for so long as the Indemnifying Party diligently pursues such
defense, the Indemnifying Party shall not be liable for any additional legal expenses incurred by the Indemnified Party in connection with any defense or settlement of such asserted liability; provided, however, that the Indemnified
Party shall be entitled (i) at its expense, to participate in the defense of such asserted liability and the negotiations of the settlement thereof and (ii) if (A) the Indemnifying Party has failed to assume the defense or employ
counsel reasonably acceptable to the Indemnified Party or (B) if the defendants in any such action include both the Indemnified Party and the Indemnifying Party and counsel to the Indemnified Party shall have concluded that there may be
reasonable defenses available to the Indemnified Party that are different from or in addition to those available to the Indemnifying Party or if the interests of the Indemnified Party reasonably may be deemed to conflict with the interests of the
Indemnifying Party, then the Indemnified Party shall have the right to select a separate counsel and to assume such legal defense and otherwise to participate in the defense of such action, with the expenses and fees of such separate counsel and
other expenses related to such participation to be reimbursed by the Indemnifying Party as incurred. Notwithstanding any other provision of this Agreement, the Indemnifying Party shall not settle any indemnified claim without the consent of the
Indemnified Party, unless the settlement thereof imposes no liability or obligation on, and includes a complete release from liability of, and does not contain any admission of wrongdoing or malfeasance by, the Indemnified Party. 
  

 17 

 ARTICLE VII 
 MISCELLANEOUS 
 Section 7.01 Interpretation and Survival of Provisions. Article, Section,
Schedule, and Exhibit references are to this Agreement, unless otherwise specified. All references to instruments, documents, contracts, and agreements are references to such instruments, documents, contracts, and agreements as the same may be
amended, supplemented, and otherwise modified from time to time, unless otherwise specified. The word “including” shall mean “including but not limited to.” Whenever any party has an obligation under the Basic Documents, the
expense of complying with that obligation shall be an expense of such party unless otherwise specified. Whenever any determination, consent, or approval is to be made or given by a Purchaser, such action shall be in such Purchaser’s sole
discretion unless otherwise specified in this Agreement. If any provision in the Basic Documents is held to be illegal, invalid, not binding, or unenforceable, such provision shall be fully severable and the Basic Documents shall be construed and
enforced as if such illegal, invalid, not binding, or unenforceable provision had never comprised a part of the Basic Documents, and the remaining provisions shall remain in full force and effect. The Basic Documents have been reviewed and
negotiated by sophisticated parties with access to legal counsel and shall not be construed against the drafter 
 Section 7.02 Survival
of Provisions. The representations and warranties set forth in Sections 3.01, 3.02, 3.03, 3.04, 3.06, 3.07, 3.08, 3.13, 3.15, 3.18, 3.19, 4.01, 4.02,
4.03, 4.04, 4.06, 4.07, 5.04, 5.05, 5.06, 5.07, 5.08, 5.09 and 5.10 hereunder shall survive the execution and delivery of this Agreement indefinitely, and the other
representations and warranties set forth herein shall survive for a period of twelve (12) months following the Closing Date regardless of any investigation made by or on behalf of The Selling Unitholder or the Purchasers. The covenants made in
this Agreement or any other Basic Document shall survive the Closing of the transactions described herein and remain operative and in full force and effect regardless of acceptance of any of the Purchased Units and payment therefor and repayment,
conversion, exercise or repurchase thereof. All indemnification obligations of the Selling Unitholder and the Purchasers and the provisions of Article VI shall remain operative and in full force and effect unless such obligations are expressly
terminated in a writing referencing that individual Section, regardless of any purported general termination of this Agreement. 
 Section
7.03 No Waiver; Modifications in Writing. 
 (a) Delay. No failure or delay on the part of any party in exercising any right,
power, or remedy hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such right, power, or remedy preclude any other or further exercise thereof or the exercise of any other right, power, or remedy. The
remedies provided for herein are cumulative and are not exclusive of any remedies that may be available to a party at law or in equity or otherwise. 
 (b) Specific Waiver. Except as otherwise provided herein, no amendment, waiver, consent, modification, or termination of any provision of this Agreement or any other Basic Document shall be effective unless
signed by each of the parties hereto or thereto affected by such amendment, waiver, consent, modification, or termination. Any amendment, supplement or modification of or to any provision of this Agreement or any other Basic Document, any waiver of
any provision of this Agreement or any other Basic Document, and any consent to any departure by the Selling Unitholder from the terms of any provision of this Agreement or any other Basic Document shall be effective only in the specific instance
and for the specific purpose 

  

 18 

 
for which made or given. Except where notice is specifically required by this Agreement, no notice to or demand on the Selling Unitholder or the Partnership
in any case shall entitle the Selling Unitholder or the Partnership to any other or further notice or demand in similar or other circumstances. 
 Section 7.04 Binding Effect; Assignment. 
 (a) Binding Effect. This Agreement shall be binding upon the Selling
Unitholder, the Partnership, each Purchaser, and their respective successors and permitted assigns. Except as expressly provided in this Agreement, this Agreement shall not be construed so as to confer any right or benefit upon any Person other than
the parties to this Agreement and as provided in Article VI and their respective successors and permitted assigns. 
 (b) Assignment of
Purchased Units. All or any portion of a Purchaser’s Purchased Units purchased pursuant to this Agreement may be sold, assigned or pledged by such Purchaser, subject to compliance with applicable securities laws, Section 5.05
and Section 5.11 herein and the Registration Rights Agreement. 
 (c) Assignment of Rights. All or any portion of the
rights and obligations of each Purchaser under this Agreement may be transferred by such Purchaser to (i) any Affiliate of such Purchaser or (ii) in connection with a total return swap or similar transaction with respect to the Purchased
Units purchased by such Purchaser without the consent of the Selling Unitholder and the Partnership. No portion of the rights and obligations of each Purchaser under this Agreement may otherwise be transferred by such Purchaser without the written
consent of the Selling Unitholder (which consent shall not be unreasonably withheld). 
 Section 7.05 Non-Disclosure. Notwithstanding
anything herein to the contrary, the Non-Disclosure Agreements shall remain in full force and effect regardless of any termination of this Agreement. Other than the press release related to the transactions contemplated by this Agreement and the
related Form 8-K and any registration statement, or any amendment to any registration statement, relating to the resale of Purchased Units to be filed in connection with the Registration Rights Agreement, the Selling Unitholder, the Selling
Unitholder GP, the Partnership, the Partnership GP, their respective Subsidiaries and any of their respective Representatives shall disclose the identity of, or any other information concerning, any Purchaser or any of its Affiliates only after
providing such Purchaser a reasonable opportunity to review and comment on such disclosure; provided, however, that nothing in this Section 7.05 shall delay any required filing or other disclosure with the Commission, NYSE
or any Governmental Authority or otherwise hinder the Selling Unitholder, the Selling Unitholder GP, the Partnership, the Partnership GP, their respective Subsidiaries or their Representatives’ ability to timely comply with all laws or rules
and regulations of the Commission, NYSE or other Governmental Authority. 
  

 19 

 Section 7.06 Communications. All notices and demands provided for hereunder shall be in writing
and shall be given by regular mail, registered or certified mail, return receipt requested, telecopy, air courier guaranteeing overnight delivery or personal delivery to the following addresses: 
  

	 	(a)	If to the Purchasers: 

 To the respective address listed on
Schedule B hereof 
 with a copy to: 
 Andrews Kurth LLP 
 1350 I Street, NW, Suite 1100 
 Washington, DC 20005 
 Attn: William J. Cooper

 Facsimile: (202) 974-9537 
  

	 	(b)	If to the Selling Unitholder: 

 MGG Midstream Holdings,
L.P. 
 c/o MGG Midstream Holdings GP, LLC 
 One Williams Center 
 P.O. Box 22186 
 Tulsa, Oklahoma 74121-2186 
 Facsimile:
(918) 574-7039 
 Attn: Lonny E. Townsend 
 with a copy to: 
 Vinson & Elkins L.L.P. 
 1001 Fannin, Suite 2500 
 Houston, Texas 77002

 Attention: Dan Fleckman 
 Facsimile: (713) 615-5859 
  

	 	(c)	If to the Partnership: 

 Magellan Midstream Holdings, L.P.

 c/o Magellan Midstream Holdings GP, LLC 
 One Williams Center 
 P.O. Box 22186 
 Tulsa, Oklahoma 74121-2186 
 Facsimile:
(918) 574-7039 
 Attn: Lonny E. Townsend 
 with a copy to: 
 Vinson & Elkins L.L.P. 
 1001 Fannin, Suite 2500 
 Houston, Texas 77002

 Attention: Dan Fleckman 
 Facsimile: (713) 615-5859 
  

 20 

 or to such other address as the Selling Unitholder, Partnership or such Purchaser may designate in writing. All notices
and communications shall be deemed to have been duly given: at the time delivered by hand, if personally delivered; upon actual receipt if sent by registered or certified mail, return receipt requested, or regular mail, if mailed; when receipt
acknowledged, if sent via facsimile; and upon actual receipt when delivered to an air courier guaranteeing overnight delivery. 
 Section
7.07 Removal of Legend. The Partnership shall remove the legend described in Section 5.09 from the certificates evidencing the Purchased Units at the request of a Purchaser submitting to the Partnership such certificates, together with
an opinion of counsel, if required by the Transfer Agent, to the effect that such legend is no longer required under the Securities Act or applicable state securities Laws, as the case may be, unless the Partnership, with the advice of counsel,
reasonably determines that such removal is inappropriate. 
 Section 7.08 Entire Agreement. This Agreement and the other Basic
Documents are intended by the parties as a final expression of their agreement and intended to be a complete and exclusive statement of the agreement and understanding of the parties hereto in respect of the subject matter contained herein and
therein. There are no restrictions, promises, warranties or undertakings, other than those set forth or referred to herein or the other Basic Documents with respect to the rights granted by the Selling Unitholder or any of its Affiliates, the
Partnership or any of its Affiliates or the Purchasers or any of their Affiliates set forth herein or therein. This Agreement and the other Basic Documents supersede all prior agreements and understandings between the parties with respect to such
subject matter. 
 Section 7.09 Governing Law. This Agreement will be construed in accordance with and governed by the laws of the
State of New York without regard to principles of conflicts of Laws. 
 Section 7.10 Execution in Counterparts. This Agreement may
be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which counterparts, when so executed and delivered, shall be deemed to be an original and all of which counterparts, taken together, shall
constitute but one and the same Agreement. 
 Section 7.11 Taking of Necessary Action. Each of the Parties hereto shall use its
commercially reasonable efforts promptly to take or cause to be taken all action and promptly to do or cause to be done all things necessary, proper or advisable under applicable law and regulations to consummate and make effective the transactions
contemplated by this Agreement. Without limiting the foregoing, each Party will, and the Partnership and the Selling Unitholder shall cause each of its respective Subsidiaries to, use its commercially reasonable efforts to make all filings and
obtain all consents of Governmental Authorities that may be necessary or, in the reasonable opinion of the other Parties, advisable for the consummation of the transactions contemplated by this Agreement and the other Basic Documents. 
 Section 7.12 Aggregation of Purchased Units. All Purchased Units held or acquired by Persons who are Affiliates of one another shall be aggregated
together for the purpose of determining the availability of any rights under this Agreement. 
  

 21 

 Section 7.13 Expenses. The Selling Unitholder hereby covenants and agrees to reimburse Andrews
Kurth LLP for reasonable and documented legal fees and related expenses incurred in connection with the negotiation, execution, delivery and performance of the Basic Documents and the transactions contemplated hereby and thereby, provided
that such costs and expenses do not exceed $50,000. If any action at law or equity is necessary to enforce or interpret the terms of the Basic Documents, the prevailing party shall be entitled to reasonable attorney’s fees, out-of-pocket costs
and necessary disbursements in addition to any other relief to which such party may be entitled. 
 Section 7.14 Obligations Limited to
Parties to Agreement. Each of the parties hereto covenants, agrees and acknowledges that no Person other than the Purchasers (and their permitted assignees) shall have any obligation hereunder in respect of the Purchasers and that,
notwithstanding that one or more of the Purchasers may be a corporation, partnership or limited liability company, no recourse under this Agreement or the other Basic Documents or under any documents or instruments delivered in connection herewith
or therewith shall be had against any former, current or future director, officer, employee, agent, general or limited partner, manager, member, stockholder or Affiliate of any of the Purchasers or any former, current or future director, officer,
employee, agent, general or limited partner, manager, member, stockholder or Affiliate of any of the foregoing, whether by the enforcement of any assessment or by any legal or equitable proceeding, or by virtue of any applicable Law, it being
expressly agreed and acknowledged that no personal liability whatsoever shall attach to, be imposed on or otherwise be incurred by any former, current or future director, officer, employee, agent, general or limited partner, manager, member,
stockholder or Affiliate of any of the Purchasers or any former, current or future director, officer, employee, agent, general or limited partner, manager, member, stockholder or Affiliate of any of the foregoing, as such, for any obligations of the
Purchasers under this Agreement or the other Basic Documents or any documents or instruments delivered in connection herewith or therewith or for any claim based on, in respect of or by reason of such obligation or its creation. 
 [Signature pages follow.] 
  

 22 

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

			
	MGG MIDSTREAM HOLDINGS, L.P.
		
	By:	 	 MGG MIDSTREAM HOLDINGS GP,
 LLC, its general
partner

		
	By:	 	  
	Name:	 	
	Title:	 	
	
	MAGELLAN MIDSTREAM HOLDINGS, L.P.
		
	By:	 	 MAGELLAN MIDSTREAM HOLDINGS
 GP, LLC, its general
partner

		
	By:	 	  
	Name:	 	
	Title:	 	

 Signature Page to Common Unit Purchase Agreement 

			
	 KAYNE ANDERSON MLP
 INVESTMENT
COMPANY

		
	By:	 	/s/ James C. Baker
	Name:	 	James C. Baker
	Title:	 	Vice President

 Signature Page to Common Unit Purchase Agreement 

			
	 KAYNE ANDERSON CAPITAL
 ADVISORS,
L.P.

	
	On Behalf of:
	
	Kayne Anderson Capital Income Partners (QP), LP
	Kayne Anderson MLP Fund, LP
	Kayne Anderson Non-Traditional Investments, LP
	Kayne Anderson Energy Infrastructure Fund, LP
		
	By:	 	/s/ David Shladovsky
	Name:	 	David Shladovsky
	Title:	 	General Counsel

 Signature Page to Common Unit Purchase Agreement 

			
	GPS INCOME FUND LP
		
	By:	 	GPS Partners, LLC, its General Partner
		
	By:	 	/s/ Brett Messing
	Name:	 	Brett Messing
	Title:	 	Managing Partner

 Signature Page to Common Unit Purchase Agreement 

			
	GPS HIGH YIELD EQUITIES FUND LP
		
	By:	 	GPS Partners, LLC, its General Partner
		
	By:	 	/s/ Brett Messing
	Name:	 	Brett Messing
	Title:	 	Managing Partner

 Signature Page to Common Unit Purchase Agreement 

					
	GPS NEW EQUITY FUND LP
		
	By:	 	GPS Partners, LLC, its General Partner
		
	By:	 	/s/ Brett Messing
		 	Name:	 	Brett Messing
		 	Title:	 	Managing Partner

 Signature Page to Common Unit Purchase Agreement 

					
	GPS MLP FUND LP
		
	By:	 	GPS Partners, LLC, its General Partner
		
	By:	 	/s/ Brett Messing
		 	Name:	 	Brett Messing
		 	Title:	 	Managing Partner

 Signature Page to Common Unit Purchase Agreement 

					
	 BEN VAN DE BUNT AND LAURA FOX
 LIVING TRUST DTD 10/01/98

		
	By:	 	/s/ B Van de Bunt
		 	Name:	 	
		 	Title:	 	Trustee

 Signature Page to Common Unit Purchase Agreement 

					
	KNEE FAMILY TRUST DTD 3/7/00
		
	By:	 	/s/ Illegible Signature
		 	Name:	 	
		 	Title:	 	Trustee

 Signature Page to Common Unit Purchase Agreement 

					
	AGILE PERFORMANCE FUND LLC
		
	By:	 	/s/ Brett Messing
		 	Name:	 	Brett Messing
		 	Title:	 	GPS Partners LLC Investment Advisor

 Signature Page to Common Unit Purchase Agreement 

					
	ZLP FUND, L.P.
		
	By:	 	 Zimmer Lucas Partners, LLC, its
 General
Partner

		
	By:	 	/s/ Devin Geoghegan
		 	Authorized signatory: Devin Geoghegan
		 	Title:	 	Partner

 Signature Page to Common Unit Purchase Agreement 

					
	LB I GROUP INC.
		
	By:	 	/s/ Ashvin Rao
		 	Name:	 	Ashvin Rao
		 	Title:	 	Vice President

 Signature Page to Common Unit Purchase Agreement 

			
	 LEHMAN BROTHERS MLP
 OPPORTUNITY
FUND L.P.

		
	By:	 	Lehman Brothers MLP Opportunity
		 	Associates L.P., its general partner
		
	By:	 	Lehman Brothers MLP Opportunity
		 	Associates L.L.C., its general partner

  

			
		
	By:	 	Jeffrey P. Wood
		 	Name: Jeffrey P. Wood
		 	Title: Vice President

 Signature Page to Common Unit Purchase Agreement 

			
	LEHMAN BROTHERS INC.
		
	By:	 	/s/ Illegible Signature
		 	Name:
		 	Title:

 Signature Page to Common Unit Purchase Agreement 

			
	THE CUSHING MLP OPPORTUNITY FUND I, LP
		
	By:	 	/s/ Jerry V. Swank
		 	Name: Jerry V. Swank
		 	Title: Managing Partner

 Signature Page to Common Unit Purchase Agreement 

			
	THE CUSHING GP STRATEGIES FUND, LP
		
	By:	 	/s/ Jerry V. Swank
		 	Name: Jerry V. Swank
		 	Title: Managing Partner

 Signature Page to Common Unit Purchase Agreement 

			
	CONTINENTAL CASUALTY COMPANY
		
	By:	 	/s/ Jerry V. Swank
		 	Name: Jerry V. Swank
		 	Title: Managing Partner

 Signature Page to Common Unit Purchase Agreement 

			
	FLINN MAGELLAN, LLC
		
	By:	 	/s/ Illegible Signature
		 	Name: Mark Rosenbaum
		 	Title: Vice President

 Signature Page to Common Unit Purchase Agreement 

			
	TORTOISE ENERGY INFRASTRUCTURE CORPORATION
		
	By:	 	/s/ Terry Matlack
		 	Name: Terry Matlack
		 	Title: Chief Financial Officer

 Signature Page to Common Unit Purchase Agreement 

			
	AT MLP FUND, LLC
		
	By:	 	/s/ Paul M. McPheeters
		 	Name: Paul M. McPheeters
		 	Title: Managing Director/DM at MLP Fund, LLC

 Signature Page to Common Unit Purchase Agreement 

			
	GRACIE INVESTING, LLC
		
	By:	 	/s/ Illegible Signature
		 	Name: By Kavin Holdings LP
		 	Title: By: GKM Capital Inc.
		 	By Gary K.Michelson MD, CEO

 Signature Page to Common Unit Purchase Agreement 

			
	TALKOT FUND, L.P.
		
	By:	 	/s/ Thomas B. Alsin
		 	Name: Thomas B. Alsin
		 	Title: Managing General Partner

 Signature Page to Common Unit Purchase Agreement 

			
	DOUBLE BLACK DIAMOND L.P.
		
	By:	 	Carlson Capital, L.P., its general
		 	partner
		
	By:	 	Asgard Investment Corp., its general
		 	partner

  

			
		
	By:	 	/s/ Client D. Carlson
		 	Name: Client D. Carlson
		 	Title: President

 Signature Page to Common Unit Purchase Agreement 

			
	BLACK DIAMOND PARTNERS L.P.
		
	By:	 	Carlson Capital, L.P., its general
		 	partner
		
	By:	 	Asgard Investment Corp., its general
		 	partner

  

			
		
	By:	 	/s/ Client D. Carlson
		 	Name: Client D. Carlson
		 	Title: President

 Signature Page to Common Unit Purchase Agreement 

	
	ROYAL BANK OF CANADA,
	    by its agent
	
	RBC CAPITAL MARKETS CORPORATION

  

			
		
	By:	 	/s/ Josef Muskatel
		 	Name: Josef Muskatel
		 	Title: Director and Senior Counsel

  

			
		
	By:	 	/s/ Steven C. Milke
		 	Name: Steven C. Milke
		 	Title: Managing Director

 Signature Page to Common Unit Purchase Agreement 

			
	STRUCTURED FINANCE AMERICAS, LLC
		
	By:	 	/s/ Sunhil Hariani
		 	Name: Sunhil Hariani
		 	Title: Vice President

  

			
		
	By:	 	/s/ Andrea Leung
		 	Name: Andrea Leung
		 	Title: Vice President

 Signature Page to Common Unit Purchase Agreement 

			
	CREDIT SUISSE MANAGEMENT LLC
		
	By:	 	/s/ Gerard Murtagh
		 	Name: Gerard Murtags
		 	Title: Managing Director

 Signature Page to Common Unit Purchase Agreement 

			
	FAMCO MLP PARTNERS, LLC, SERIES MGG-1
		
	By:	 	FAMCO MLP CAPITAL, as manager

  

			
		
	By:	 	/s/ James J. Cunnane, Jr.
		 	Name: James J. Cunnane, Jr.
		 	Title: Secretary

 Signature Page to Common Unit Purchase Agreement 

 Schedule A – List of Purchasers and Commitment Amounts 
  

						
	 Purchaser
	  	Purchased Units	  	 Total Purchase
Price
 (prior to any
adjustment set
forth in Section
2.01(b))

	 Kayne Anderson
	  		  		
	 Kayne Anderson MLP Investment Company
	  	1,020,408	  	$	24,999,996.00
	 Kayne Anderson Capital Income Partners (QP), LP (Kayne Anderson Capital Advisors, L.P.)
	  	326,531	  	$	8,000,009.50
	 Kayne Anderson MLP Fund, LP (Kayne Anderson Capital Advisors, L.P.)
	  	734,694	  	$	18,000,003.00
	 Kayne Anderson Non-Traditional Investments, LP (Kayne Anderson Capital Advisors, L.P.)
	  	122,449	  	$	3,000,000.50
	 Kayne Anderson Energy Infrastructure Fund, LP (Kayne Anderson Capital Advisors, L.P.)
	  	142,857	  	$	3,499,996.50
	 GPS Partners
	  		  		
	 GPS Income Fund LP
	  	963,265	  	$	23,599,992.50
	 GPS High Yield Equities Fund LP
	  	244,898	  	$	6,000,001.00
	 GPS New Equity Fund LP
	  	387,755	  	$	9,499,997.50
	 GPS MLP Fund LP
	  	58,653	  	$	1,436,998.50
	 Ben Van de Bunt and Laura Fox Living Trust DTD 10/01/98
	  	40,817	  	$	1,000,016.50
	 Knee Family Trust DTD 3/7/00
	  	40,817	  	$	1,000,016.50
	 Agile Performance Fund LLC
	  	57,143	  	$	1,400,003.50
	 ZLP Fund, L.P.
	  	1,632,653	  	$	39,999,998.50
	 Lehman Brothers
	  		  		
	 Lehman Brothers MLP Opportunity Fund L.P.
	  	2,040,817	  	$	50,000,016.50
	 LB I Group Inc.
	  	2,040,816	  	$	49,999,992.00
	 Lehman Brothers Inc.
	  	2,596,449	  	$	63,613,000.50
	 Swank
	  		  		
	 The Cushing MLP Opportunity Fund I, MLP
	  	979,592	  	$	24,000,004.00
	 The Cushing GP Strategies Fund, LP
	  	183,673	  	$	4,499,988.50
	 Continental Casualty Company
	  	61,224	  	$	1,499,988.00
	 Flinn Magellan, LLC
	  	1,224,490	  	$	30,000,005.00
	 Carlson Capital
	  		  		
	 Double Black Diamond, L.P.
	  	908,163	  	$	22,249,993.50

 Schedule A 

						
	 Purchaser
	  	Purchased
Units	  	 Total Purchase
Price
 (prior to any
adjustment set
forth in Section
2.01(b))

	 Black Diamond Partners L.P.
	  	112,245	  	$	2,750,002.50
	 Tortoise Energy Infrastructure Corporation
	  	612,245	  	$	15,000,002.50
	 AT MLP Fund, LLC
	  	500,000	  	$	12,250,000.00
	 Gracie Investing, LLC
	  	612,500	  	$	15,006,250.00
	 FAMCO MLP Partners, LLC, Series MGG-1
	  	204,082	  	$	5,000,009.00
	 Talkot Fund, L.P.
	  	150,000	  	$	3,675,000.00
	 Credit Suisse Management LLC
	  	816,327	  	$	20,000,011.50
	 Royal Bank of Canada
	  	2,448,979	  	$	59,999,985.50
	 Structured Finance Americas, LLC
	  	2,040,816	  	$	49,999,992.00
		  	 	  	 	 
	 Total
	  	23,305,358	  	$	570,981,271.00
		  	 	  	 	 

 Schedule A 

 Schedule B - Notice and Contact Information 
  

			
	 Purchaser
	  	 Address

		
	Kayne Anderson MLP Investment Company	  	 1100 Louisiana Street, Suite 4550
 Houston, Texas
77002
 Attention: Kevin S. McCarthy
 Facsimile: (713)
655-7359

		
	 Kayne Anderson Capital Advisors, LP
 On behalf of:
 •        Kayne Anderson Capital Income Partners
(QP), LP
 •        Kayne Anderson MLP Fund, LP
 •        Kayne Anderson Non-Traditional Investments, LP
 •        Kayne Anderson Energy Infrastructure Fund, LP
	  	 1800 Avenue of the Stars, Second Floor
 Los Angeles,
California 90067
 Attention: David Shladovsky
 Facsimile: (310)
284-6490

		
	GPS Income Fund LP	  	 c/o GPS Partners
 100 Wilshire Blvd., Suite 900 Santa
Monica, California 90401 Attention: Jeff Farron
 Facsimile: (310) 496-5399

		
	GPS High Yield Equities Fund LP	  	 c/o GPS Partners
 100 Wilshire Blvd., Suite 900 Santa
Monica, California 90401 Attention: Jeff Farron
 Facsimile: (310) 496-5399

		
	GPS New Equity Fund LP	  	 c/o GPS Partners
 100 Wilshire Blvd., Suite 900 Santa
Monica, California 90401 Attention: Jeff Farron
 Facsimile: (310) 496-5399

		
	GPS MLP Fund LP	  	 c/o GPS Partners
 100 Wilshire Blvd., Suite 900 Santa
Monica, California 90401 Attention: Jeff Farron
 Facsimile: (310) 496-5399

		
	Ben Van de Bunt and Laura Fox Living Trust DTD 10/101/98	  	 518 Georgina Avenue
 Santa Monica, California
90402
 Attention: Jeff Farron
 Facsimile: (310)
496-5399

 Schedule B 

			
		
	Knee Family Trust DTD 3/7/00	  	 47280 W. El Dorado Drive
 Indian Wells, California
92210
 Attention: Jeff Farron
 Facsimile: (310)
496-5399

		
	Agile Performance Fund LLC	  	 c/o GPS Partners
 100 Wilshire Blvd., Suite 900 Santa
Monica, California 90401 Attention: Jeff Farron
 Facsimile: (310) 496-5399

		
	ZLP Fund, L.P.	  	Zimmer Lucas Partners, LLC Harborside Financial Center Plaza 10, Suite 301 Jersey City, New Jersey Attention: Daniel M. Lynch Facsimile: (201) 716-1425
		
	LB I Group Inc	  	 399 Park Avenue, 9th Floor
 New York, New York
10022
 Attention: Ashvin Rao

		
	Lehman Brothers MLP Opportunity Fund L.P.	  	 399 Park Avenue, 9th Floor
 New York, New York
10022
 Attention: Michael J. Cannon

		
	Lehman Brothers Inc.	  	 1301 Avenue of the Americas
 New York, New York
10019
 Attention: Tim Collins and Matias Bercun

		
	The Cushing MLP Opportunity Fund I, LP	  	 3300 Oak Lawn Avenue, Suite 650 Dallas, Texas 75219
 Attention: Daniel L. Spears

		
	The Cushing GP Strategies Fund, LP	  	 3300 Oak Lawn Avenue, Suite 650 Dallas, Texas 75219
 Attention: Daniel L. Spears

		
	Continental Casualty Company	  	 3300 Oak Lawn Avenue, Suite 650 Dallas, Texas 75219
 Attention: Daniel L. Spears

		
	Flinn Magellan, LLC	  	 3 Greenwich Office Park, Second Floor
 Greenwich,
Connecticut 06831
 Attention: Sean Olesen

		
	Double Black Diamond, L.P.	  	 2100 McKinney Ave., Suite 1600
 Dallas, Texas
75201
 Attention: James Mooney

 Schedule B 

			
		
	Black Diamond Partners, LP	  	 2100 McKinney Ave., Suite 1600
 Dallas, Texas
75201
 Attention: James Mooney

		
	Tortoise Energy Infrastructure Corporation	  	 c/o Tortoise Capital Advisors, LLC
 10801 Mastin Blvd.,
Suite 222
 Overland Park, Kansas 66210
 Attention: Zachary Hamel
and Dave Schulte

		
	AT MLP Fund, LLC	  	 1700 Lincoln Street, Suite 2550
 Denver, Colorado
80203-4500
 Attention: Chris Lender and Paul McPheeters

		
	Gracie Investing, LLC	  	 12100 Wilshire Blvd., Suite 800
 Los Angeles, California
90025
 Attention: Vivian Y. Chen
 Facsimile: (310)
806-9288

		
	FAMCO MLP Partners, LLC	  	 8112 Maryland Avenue, Suite 400
 Saint Louis, Missouri
63105
 Attention: Quinn T. Kiley
 Facsimile: (314)
446-6707

		
	Talkot Fund, LP	  	 2400 Bridgeway, Suite 300
 Sausalito, California
94965
 Attention: T.J. Leverte

		
	Credit Suisse Management LLC	  	 1 Madison Avenue
 New York, New York 10010
 2nd Floor
 Attention: Brian Avery

		
	Royal Bank of Canada	  	 Royal Bank of Canada
 One Liberty Plaza, Second
Floor
 New York, New York 10006 Attention: David Weiner and Daniel Weinstein

		
	Structured Finance Americas, LLC	  	Structured Finance Americas, LLC c/o Deutsche Bank Securities Inc. 60 Wall Street New York, New York 10005 Attention: Nicholas Bozzuto

 Schedule B 

 Exhibit A – Form of Registration Rights Agreement 
 Exhibit AREGISTRATION RIGHTS AGREEMENT

 Exhibit 10.2 
 REGISTRATION RIGHTS AGREEMENT 
 This REGISTRATION RIGHTS AGREEMENT (this
“Agreement”) is made and entered into as of April 3, 2007, by and among Magellan Midstream Holdings, L.P., a Delaware limited partnership (the “Partnership”), and the Purchasers listed on the signature pages to
this Agreement (each, a “Purchaser” and collectively, the “Purchasers”). 
 WHEREAS, this Agreement is made
in connection with the Closing of the sale of the Purchased Units pursuant to the Common Unit Purchase Agreement, dated as of April 3, 2007, by and among MGG Midstream Holdings, L.P., a Delaware limited partnership, the Partnership and the
Purchasers (the “Purchase Agreement”); 
 WHEREAS, the Partnership has agreed to provide the registration and other rights
set forth in this Agreement for the benefit of the Purchasers pursuant to the Purchase Agreement; and 
 WHEREAS, it is a condition to the
obligations of each Purchaser and the Partnership under the Purchase Agreement that this Agreement be executed and delivered. 
 NOW
THEREFORE, in consideration of the mutual covenants and agreements set forth herein and for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged by each party hereto, the parties hereby agree as follows:

 ARTICLE I 
 DEFINITIONS 
 Section 1.01 Definitions. Capitalized terms used herein without definition shall have the meanings
given to them in the Purchase Agreement. The terms set forth below are used herein as so defined: 
 “Affiliate” means, with
respect to a specified Person, any other Person, whether now in existence or hereafter created, directly or indirectly controlling, controlled by or under direct or indirect common control with such specified Person. For purposes of this definition,
“control” (including, with correlative meanings, “controlling,” “controlled by,” and “under common control with”) means the power to direct or cause the direction of the management and policies of such Person,
directly or indirectly, whether through the ownership of voting securities, by contract or otherwise. 
 “Agreement” has the
meaning specified in the introductory paragraph. 
 “Effectiveness Period” has the meaning specified therefor in
Section 2.01(a) of this Agreement. 
 “Holder” means the record holder of any Registrable Securities.

 “Included Registrable Securities” has the meaning specified therefor in Section 2.02(a) of this Agreement.

 “Liquidated Damages” has the meaning specified therefor in Section 2.01(b)
of this Agreement. 
 “Liquidated Damages Multiplier” means the product of $24.50 times the number of Registrable Securities
held by such Purchaser. 
 “Losses” has the meaning specified therefor in Section 2.08(a) of this Agreement.

 “Managing Underwriter” means, with respect to any Underwritten Offering, the book-running lead manager of such
Underwritten Offering. 
 “NYSE” means The New York Stock Exchange, Inc. 
 “Opt-Out Notice” has the meaning specified in Section 2.02(a). 
 “Partnership” has the meaning specified in the introductory paragraph. 
 “Partnership GP” means Magellan Midstream Holdings GP, LLC, a Delaware limited liability company and the general partner of the
Partnership. 
 “Purchase Agreement” has the meaning specified in the Recitals of this Agreement. 
 “Purchaser” and “Purchasers” have the meanings specified in the introductory paragraph of this Agreement. 

“Registrable Securities” means the Purchased Units, all of which Registrable Securities are subject to the rights provided herein
until such rights terminate pursuant to the provisions hereof. 
 “Registration Expenses” has the meaning specified in
Section 2.07(b) of this Agreement. 
 “Selling Expenses” has the meaning specified in Section 2.07(b) of this
Agreement. 
 “Selling Holder” means a Holder who is selling Registrable Securities pursuant to a registration statement.

 “Shelf Registration Statement” means a registration statement on Form S-3 under the Securities Act to permit the resale
of the Registrable Securities from time to time, including as permitted by Rule 415 under the Securities Act (or any similar provision then in force under the Securities Act). 
 “Underwritten Offering” means an offering (including an offering pursuant to a Shelf Registration Statement) in which Common Units are
sold to an underwriter on a firm commitment basis for reoffering to the public or an offering that is a “bought deal” with one or more investment banks. 
 Section 1.02 Registrable Securities. Any Registrable Security will cease to be a Registrable Security when (a) a registration statement covering such Registrable Security has been declared effective by the
Commission and such Registrable Security has been sold or 

  

 - 2 - 

 
disposed of pursuant to such effective registration statement; (b) such Registrable Security has been disposed of pursuant to any section of Rule 144
(or any similar provision then in force under the Securities Act); (c) such Registrable Security can be disposed of pursuant to Rule 144(k) (or any similar provision then in force under the Securities Act) by the Holder, (d) such
Registrable Security is held by the Partnership or one of its Affiliates; or (e) such Registrable Security has been sold in a private transaction in which the transferor’s rights under this Agreement are not assigned to the transferee of
such securities. 
 ARTICLE II 
 REGISTRATION RIGHTS 
 Section 2.01 Shelf Registration. 
 (a) Deadline To Go Effective. As soon as practicable following the Closing, but in any event within 60 days of the Closing, the Partnership shall
prepare and file a Shelf Registration Statement under the Securities Act with respect to all of the Registrable Securities. The Partnership shall use its commercially reasonable efforts to cause the Shelf Registration Statement to become effective
no later than 180 days after the date of the Closing. The Partnership will use its commercially reasonable efforts to cause the Shelf Registration Statement filed pursuant to this Section 2.01 to be continuously effective under the
Securities Act until the earliest of (i) when all such Registrable Securities are sold by the Purchasers and (ii) when all of the Registrable Securities become eligible for resale under Rule 144(k) (or any successor provision then in force
under the Securities Act) by the Holder (the “Effectiveness Period”). The Shelf Registration Statement when declared effective (including the documents incorporated therein by reference) will comply as to form in all material
respects with all applicable requirements of the Securities Act and the Exchange Act and will not contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements
therein not misleading (and, in the case of the prospectus contained in such Shelf Registration Statement, in the light of the circumstances under which a statement is made). 
 (b) Failure To Go Effective. If the Shelf Registration Statement required by Section 2.01 is not declared effective within 180 days
after Closing, then each Purchaser shall be entitled to a payment (with respect to the Purchased Units of each such Purchaser), as liquidated damages and not as a penalty, of 0.25% of the Liquidated Damages Multiplier per 30-day period for the first
60 days following the 180th day, increasing by an additional 0.25% of the Liquidated Damages Multiplier per 30-day period for each subsequent 60 days, up to a maximum of 1.00% of the Liquidated Damages Multiplier per 30-day period (the
“Liquidated Damages”); provided, however, the aggregate amount of Liquidated Damages payable by the Partnership under this Agreement to each Purchaser shall not exceed 10% of the Liquidated Damages Multiplier with
respect to such Purchaser. The Liquidated Damages payable pursuant to the immediately preceding sentence shall be payable within ten Business Days after the end of each such 30-day period. Any Liquidated Damages shall be paid to each Purchaser in
immediately available funds. The payment of the Liquidated Damages to a Purchaser shall cease at such time as the Purchased Units of such Purchaser become eligible for resale under Rule 144(k) under the Securities Act. As soon as practicable
following the date that the Shelf Registration Statement becomes effective, but in any event within three Business Days of such date, the Partnership shall provide the Purchasers with written notice of the effectiveness of the Shelf Registration
Statement. 
  

 - 3 - 

 (c) Waiver of Liquidated Damages. If the Partnership is unable to cause a Shelf Registration
Statement to go effective within the 180 days as a result of an acquisition, merger, reorganization, disposition or other similar transaction, then the Partnership may request a waiver of the Liquidated Damages, and each Holder may individually
grant or withhold its consent to such request in its discretion. A Purchaser’s rights (and any transferee’s rights pursuant to Section 2.10) under this Section 2.01 shall terminate upon the termination of the
Effectiveness Period. 
 (d) Delay Rights. Notwithstanding anything to the contrary contained herein, the Partnership may, upon
written notice to any Selling Holder whose Registrable Securities are included in the Shelf Registration Statement, suspend such Selling Holder’s use of any prospectus that is a part of the Shelf Registration Statement (in which event the
Selling Holder shall discontinue sales of the Registrable Securities pursuant to the Shelf Registration Statement, but such Selling Holder may settle any prior sales of Registrable Securities) if (i) the Partnership is pursuing an acquisition,
merger, reorganization, disposition or other similar transaction and the Partnership determines in good faith that the Partnership’s ability to pursue or consummate such a transaction would be materially adversely affected by any required
disclosure of such transaction in the Shelf Registration Statement or (ii) the Partnership has experienced some other material non-public event the disclosure of which at such time, in the good faith judgment of the Partnership, would
materially adversely affect the Partnership; provided, however, in no event shall the Purchasers be suspended for a period that exceeds an aggregate of 60 days in any 180-day period or 90 days in any 365-day period, in each case,
exclusive of the days covered by any lock-up executed by a Purchaser in connection with any Underwritten Offering. Upon disclosure of such information or the termination of the condition described above, the Partnership shall provide prompt notice
to the Selling Holders whose Registrable Securities are included in the Shelf Registration Statement, and shall promptly terminate any suspension of sales it has put into effect and shall take such other actions to permit registered sales of
Registrable Securities as contemplated in this Agreement. 
 Section 2.02 Piggyback Rights. 
 (a) Participation. If at any time the Partnership proposes to file (i) a prospectus supplement to an effective shelf registration statement,
including the Shelf Registration Statement contemplated by Section 2.01, or (ii) a registration statement, other than a shelf registration statement, in either case, for the sale of Common Units in an Underwritten Offering for its
own account and/or another Person, then as soon as practicable but not less than three (3) Business Days prior to the filing of (x) any preliminary prospectus supplement relating to such Underwritten Offering pursuant to Rule 424(b) under
the Securities Act, (y) the prospectus supplement relating to such Underwritten Offering pursuant to Rule 424(b) under the Securities Act (if no preliminary prospectus supplement is used) or (z) such registration statement, as the case may
be, then, the Partnership shall give notice of such proposed Underwritten Offering to the Holders and such notice shall offer the Holders the opportunity to include in such Underwritten Offering such number of Registrable Securities (the
“Included Registrable Securities”) as each such Holder may request in writing; provided, however, that if the 

  

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Partnership has been advised by the Managing Underwriter that the inclusion of Registrable Securities for sale for the benefit of the Holders will have an
adverse effect on the price, timing or distribution of the Common Units in the Underwritten Offering, then the amount of Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of
Section 2.02(b); and provided, further, that the Partnership shall not be obligated to include any Registrable Securities in any Underwritten Offering unless the Holders request inclusion of at least $5 million of
Registrable Securities in such offering. The notice required to be provided in this Section 2.02(a) to Holders shall be provided on a Business Day pursuant to Section 3.01 hereof. Each such Holder shall then have two Business
Days after receiving such notice to request inclusion of Registrable Securities in the Underwritten Offering, except that such Holder shall have one Business Day after such Holder confirms receipt of the notice to request inclusion of Registrable
Securities in the Underwritten Offering in the case of a “bought deal” or “overnight transaction” where no preliminary prospectus is used. If no request for inclusion from a Holder is received within the specified time, each such
Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of its intention to undertake an Underwritten Offering and prior to the closing of such Underwritten Offering, the
Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering, the Partnership may, at its election, give written notice of such determination to the Selling Holders and, (x) in the case of a determination
not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (y) in the case of a determination to delay such
Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for
inclusion of such Selling Holder’s Registrable Securities in such offering by giving written notice to the Partnership of such withdrawal up to and including the time of pricing of such offering. Each Holder’s rights under this
Section 2.02(a) shall terminate upon the first to occur of (A) such Holder (together with any Affiliates of such Holder) holding less than $20 million of Purchased Units, based on the purchase price per unit under the Purchase
Agreement and (B) two years from the sale of the Registrable Securities to the Purchasers. Notwithstanding the foregoing, any Holder holding greater than $20 million of Purchased Units, based on the purchase price per unit under the Purchase
Agreement, may deliver written notice (an “Opt Out Notice”) to the Partnership requesting that such Holder not receive notice from the Partnership of any proposed Underwritten Offering; provided, that, such Holder may later revoke
any such Opt Out Notice. Following receipt of an Opt Out Notice from a Holder (unless subsequently revoked), the Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder
shall no longer be entitled to participate in Underwritten Offerings by the Partnership pursuant to this Section 2.02(a). 
 (b)
Priority. If the Managing Underwriter or Underwriters of any proposed Underwritten Offering of Common Units included in an Underwritten Offering involving Included Registrable Securities advises that the total amount of Common Units that the
Selling Holders and any other Persons intend to include in such offering exceeds the number that can be sold in such offering without being likely to have an adverse effect on the price, timing or distribution of the Common Units offered or the
market for the Common Units, then the Common Units to be included in such Underwritten Offering shall include the number of Common Units that such Managing Underwriter or Underwriters advises can be sold without 

  

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having such adverse effect, with such number to be allocated (i) first, to the Partnership and any of its affiliates, and (ii) second, pro rata
among the Selling Holders and any other Persons who have been or are granted registration rights on or after the date of this Agreement (“Other Holders”) who have requested participation in such Underwritten Offering (based, for
each such Selling Holder or Other Holder, on the percentage computed, for each Selling Holder or Other Holder, on the fraction derived by dividing (x) the number of Common Units proposed to be sold by such Selling Holder in such Underwritten
Offering by (y) the aggregate number of Common Units proposed to be sold by all Selling Holders in such Underwritten Offering). As of the date of execution of this Agreement, there are no other Persons with Registration Rights relating to the
Common Units other than pursuant to this Agreement and Section 7.12 of the Partnership Agreement. 
 Section 2.03 Underwritten
Offerings. 
 (a) General Procedures. In connection with any Underwritten Offering under this Agreement, the Partnership shall be
entitled to select the Managing Underwriter or Underwriters. In connection with an Underwritten Offering contemplated by this Agreement in which a Selling Holder participates, each Selling Holder and the Partnership shall be obligated to enter into
an underwriting agreement that contains such representations, covenants, indemnities and other rights and obligations as are customary in underwriting agreements for firm commitment offerings of securities. No Selling Holder may participate in such
Underwritten Offering unless such Selling Holder agrees to sell its Registrable Securities on the basis provided in such underwriting agreement and completes and executes all questionnaires, powers of attorney, indemnities and other documents
reasonably required under the terms of such underwriting agreement. Each Selling Holder may, at its option, require that any or all of the representations and warranties by, and the other agreements on the part of, the Partnership to and for the
benefit of such underwriters also be made to and for such Selling Holder’s benefit and that any or all of the conditions precedent to the obligations of such underwriters under such underwriting agreement also be conditions precedent to its
obligations. No Selling Holder shall be required to make any representations or warranties to or agreements with the Partnership or the underwriters other than representations, warranties or agreements regarding such Selling Holder, its authority to
enter into such underwriting agreement and to sell, and its ownership of, the securities being registered on its behalf, its intended method of distribution and any other representation required by Law. If any Selling Holder disapproves of the terms
of an underwriting, such Selling Holder may elect to withdraw therefrom by notice to the Partnership and the Managing Underwriter; provided, however, that such withdrawal must be made up to and including the time of pricing of such
Underwritten Offering. No such withdrawal shall affect the Partnership’s obligation to pay Registration Expenses. If Holders holding at least $20 million of Purchased Units based on the purchase price per unit under the Purchase Agreement
request, the Partnership’s management may but shall not be required to participate in a roadshow or similar marketing effort in connection with any Underwritten Offering. 
 (b) No Demand Rights. Notwithstanding any other provision of this Agreement, no Holder of Registrable Securities shall be entitled to any
“demand” rights or similar rights that would require the Partnership to effect an Underwritten Offering solely on behalf of such Holder. 
  

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 Section 2.04 Sale Procedures. In connection with its obligations under this Article II, the
Partnership will, as expeditiously as possible: 
 (a) prepare and file with the Commission such amendments and supplements to the Shelf
Registration Statement and the prospectus used in connection therewith as may be necessary to keep the Shelf Registration Statement effective for the Effectiveness Period and as may be necessary to comply with the provisions of the Securities Act
with respect to the disposition of all Registrable Securities covered by the Shelf Registration Statement; 
 (b) if a prospectus supplement
will be used in connection with the marketing of an Underwritten Offering from the Shelf Registration Statement and the Managing Underwriter at any time shall notify the Partnership in writing that, in the sole judgment of such Managing Underwriter,
inclusion of detailed information to be used in such prospectus supplement is of material importance to the success of the Underwritten Offering of such Registrable Securities, the Partnership shall use its commercially reasonable efforts to include
such information in such prospectus supplement; 
 (c) furnish to each Selling Holder (i) as far in advance as reasonably practicable
before filing the Shelf Registration Statement or any other registration statement contemplated by this Agreement or any supplement or amendment thereto, upon request, copies of reasonably complete drafts of all such documents proposed to be filed
(including exhibits and each document incorporated by reference therein to the extent then required by the rules and regulations of the Commission), and provide each such Selling Holder the opportunity to object to any information pertaining to such
Selling Holder and its plan of distribution that is contained therein and make the corrections reasonably requested by such Selling Holder with respect to such information prior to filing the Shelf Registration Statement or such other registration
statement or supplement or amendment thereto, and (ii) such number of copies of the Shelf Registration Statement or such other registration statement and the prospectus included therein and any supplements and amendments thereto as such Persons
may reasonably request in order to facilitate the public sale or other disposition of the Registrable Securities covered by such Shelf Registration Statement or other registration statement; 
 (d) if applicable, use its commercially reasonable efforts to register or qualify the Registrable Securities covered by the Shelf Registration Statement
or any other registration statement contemplated by this Agreement under the securities or blue sky laws of such jurisdictions as the Selling Holders or, in the case of an Underwritten Offering, the Managing Underwriter, shall reasonably request;
provided, however, that the Partnership will not be required to qualify generally to transact business in any jurisdiction where it is not then required to so qualify or to take any action that would subject it to general service of
process in any such jurisdiction where it is not then so subject; 
 (e) promptly notify each Selling Holder and each underwriter, at any
time when a prospectus relating thereto is required to be delivered under the Securities Act, of (i) the filing of the Shelf Registration Statement or any other registration statement contemplated by this Agreement or any prospectus or
prospectus supplement to be used in connection therewith, or any amendment or supplement thereto, and, with respect to such Shelf Registration Statement or any other registration statement or any post-effective amendment thereto, when the same has

  

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become effective; and (ii) any written comments from the Commission with respect to any filing referred to in clause (i) and any written request by
the Commission for amendments or supplements to the Shelf Registration Statement or any other registration statement or any prospectus or prospectus supplement thereto; 
 (f) immediately notify each Selling Holder and each underwriter, at any time when a prospectus relating thereto is required to be delivered under the Securities Act, of (i) the happening of any event as a result
of which the prospectus or prospectus supplement contained in the Shelf Registration Statement or any other registration statement contemplated by this Agreement, as then in effect, includes an untrue statement of a material fact or omits to state
any material fact required to be stated therein or necessary to make the statements therein not misleading (in the case of the prospectus contained therein, in the light of the circumstances under which a statement is made); (ii) the issuance
or threat of issuance by the Commission of any stop order suspending the effectiveness of the Shelf Registration Statement or any other registration statement contemplated by this Agreement, or the initiation of any proceedings for that purpose; or
(iii) the receipt by the Partnership of any notification with respect to the suspension of the qualification of any Registrable Securities for sale under the applicable securities or blue sky laws of any jurisdiction. Following the provision of
such notice, the Partnership agrees to as promptly as practicable amend or supplement the prospectus or prospectus supplement or take other appropriate action so that the prospectus or prospectus supplement does not include an untrue statement of a
material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances then existing and to take such other reasonable action as is necessary to
remove a stop order, suspension, threat thereof or proceedings related thereto; 
 (g) upon request and subject to appropriate
confidentiality obligations, furnish to each Selling Holder copies of any and all transmittal letters or other correspondence with the Commission or any other governmental agency or self-regulatory body or other body having jurisdiction (including
any domestic or foreign securities exchange) relating to such offering of Registrable Securities; 
 (h) in the case of an Underwritten
Offering, furnish upon request, (i) an opinion of counsel for the Partnership dated the date of the closing under the underwriting agreement, and (ii) a “cold comfort” letter, dated the pricing date of such Underwritten Offering
and a letter of like kind dated the date of the closing under the underwriting agreement, in each case, signed by the independent public accountants who have certified the Partnership’s financial statements included or incorporated by reference
into the applicable registration statement, and each of the opinion and the “cold comfort” letter shall be in customary form and covering substantially the same matters with respect to such registration statement (and the prospectus and
any prospectus supplement included therein) as have been customarily covered in opinions of issuer’s counsel and in accountants’ letters delivered to the underwriters in Underwritten Offerings of securities by the Partnership and such
other matters as such underwriters and Selling Holders may reasonably request; 
 (i) otherwise use its commercially reasonable efforts to
comply with all applicable rules and regulations of the Commission, and make available to its security holders, as soon as reasonably practicable, an earnings statement, which earnings statement shall satisfy the provisions of Section 11(a) of
the Securities Act and Rule 158 promulgated thereunder; 
  

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 (j) make available to the appropriate representatives of the Managing Underwriter and Selling Holders
access to such information and Partnership personnel as is reasonable and customary to enable such parties to establish a due diligence defense under the Securities Act; 
 (k) cause all such Registrable Securities registered pursuant to this Agreement to be listed on each securities exchange or nationally recognized quotation system on which similar securities issued by the Partnership
are then listed; 
 (l) use its commercially reasonable efforts to cause the Registrable Securities to be registered with or approved by such
other governmental agencies or authorities as may be necessary by virtue of the business and operations of the Partnership to enable the Selling Holders to consummate the disposition of such Registrable Securities; 
 (m) provide a transfer agent and registrar for all Registrable Securities covered by such registration statement not later than the effective date of
such registration statement; 
 (n) enter into customary agreements and take such other actions as are reasonably requested by the Selling
Holders or the underwriters, if any, in order to expedite or facilitate the disposition of such Registrable Securities; and 
 (o) if
requested by a Purchaser, (i) as soon as practicable incorporate in a prospectus supplement or post-effective amendment such information as such Purchaser reasonably requests to be included therein relating to the sale and distribution of
Registrable Securities, including information with respect to the number of Registrable Securities being offered or sold, the purchase price being paid therefor and any other terms of the offering of the Registrable Securities to be sold in such
offering; and (ii) as soon as practicable make all required filings of such prospectus supplement or post-effective amendment after being notified of the matters to be incorporated in such prospectus supplement or post-effective amendment.

 Each Selling Holder, upon receipt of notice from the Partnership of the happening of any event of the kind described in subsection
(f) of this Section 2.04, shall forthwith discontinue disposition of the Registrable Securities until such Selling Holder’s receipt of the copies of the supplemented or amended prospectus contemplated by subsection (f) of
this Section 2.04 or until it is advised in writing by the Partnership that the use of the prospectus may be resumed, and has received copies of any additional or supplemental filings incorporated by reference in the prospectus, and, if
so directed by the Partnership, such Selling Holder will, or will request the managing underwriter or underwriters, if any, to deliver to the Partnership (at the Partnership’s expense) all copies in their possession or control, other than
permanent file copies then in such Selling Holder’s possession, of the prospectus covering such Registrable Securities current at the time of receipt of such notice. 
 Section 2.05 Cooperation by Holders. The Partnership shall have no obligation to include in the Shelf Registration Statement, or in an Underwritten Offering pursuant to Section 2.02(a), Common Units of a
Selling Holder who has failed to timely furnish such information that, in the opinion of counsel to the Partnership, is reasonably required in order for the registration statement or prospectus supplement, as applicable, to comply with the
Securities Act. 
  

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 Section 2.06 Restrictions on Public Sale by Holders of Registrable Securities. For a period of one
year following the Closing Date, each Holder of Registrable Securities who is included in the Shelf Registration Statement agrees not to effect any public sale or distribution of the Registrable Securities during the 30-day period beginning on the
date of pricing of an Underwritten Offering of equity securities by the Partnership (except as provided in this Section 2.06); provided, however, that the duration of the foregoing restrictions shall be no longer than the
duration of the shortest restriction generally imposed by the underwriters on the officers or directors or any other unitholder of the Partnership on whom a restriction is imposed. In addition, the lock-up provisions in this Section 2.06
shall not apply with respect to a Holder that (A) owns less than $20 million of Purchased Units, based on the purchase price per unit under the Purchase Agreement, (B) has delivered an Opt-Out Notice to the Partnership pursuant to
Section 2.02(a) or (C) has submitted a notice requesting the inclusion of Registrable Securities in an Underwritten Offering pursuant to Section 2.02(a) but is unable to do so as a result of the priority provisions
contained in Section 2.02(b). 
 Section 2.07 Expenses. 
 (a) Expenses. The Partnership will pay all reasonable Registration Expenses as determined in good faith, including, in the case of an Underwritten
Offering, whether or not any sale is made pursuant to such Underwritten Offering. Each Selling Holder shall pay all Selling Expenses in connection with any sale of its Registrable Securities hereunder. In addition, except as otherwise provided in
Section 2.08 hereof, the Partnership shall not be responsible for legal fees incurred by Holders in connection with the exercise of such Holders’ rights hereunder. 
 (b) Certain Definitions. “Registration Expenses” means all expenses incident to the Partnership’s performance under or
compliance with this Agreement to effect the registration of Registrable Securities on the Shelf Registration Statement pursuant to Section 2.01 or an Underwritten Offering covered under this Agreement, and the disposition of such
securities, including, without limitation, all registration, filing, securities exchange listing and NYSE fees, all registration, filing, qualification and other fees and expenses of complying with securities or blue sky laws, fees of the National
Association of Securities Dealers, Inc., fees of transfer agents and registrars, all word processing, duplicating and printing expenses, any transfer taxes and the fees and disbursements of counsel and independent public accountants for the
Partnership, including the expenses of any special audits or “cold comfort” letters required by or incident to such performance and compliance. “Selling Expenses” means all underwriting fees, discounts and selling
commissions allocable to the sale of the Registrable Securities. 
 Section 2.08 Indemnification. 
 (a) By the Partnership. In the event of a registration of any Registrable Securities under the Securities Act pursuant to this Agreement, the
Partnership will indemnify and hold harmless each Selling Holder thereunder, its directors, officers, employees and agents, and each underwriter, pursuant to the applicable underwriting agreement with such underwriter, of Registrable Securities
thereunder and each Person, if any, who controls such Selling Holder or 

  

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underwriter within the meaning of the Securities Act and the Exchange Act, and its directors, officers, employees or agents, against any losses, claims,
damages, expenses or liabilities (including reasonable attorneys’ fees and expenses) (collectively, “Losses”), joint or several, to which such Selling Holder, director, officer, employee, agent or underwriter or controlling
Person may become subject under the Securities Act, the Exchange Act or otherwise, insofar as such Losses (or actions or proceedings, whether commenced or threatened, in respect thereof) arise out of or are based upon any untrue statement or alleged
untrue statement of any material fact (in the case of any prospectus, in light of the circumstances under which such statement is made) contained in the Shelf Registration Statement or any other registration statement contemplated by this Agreement,
any preliminary prospectus or prospectus supplement, free writing prospectus or final prospectus or prospectus supplement contained therein, or any amendment or supplement thereof, or arise out of or are based upon the omission or alleged omission
to state therein a material fact required to be stated therein or necessary to make the statements therein (in the case of a prospectus, in light of the circumstances under which they were made) not misleading, and will reimburse each such Selling
Holder, its directors, officers, employee and agents, each such underwriter and each such controlling Person for any legal or other expenses reasonably incurred by them in connection with investigating or defending any such Loss or actions or
proceedings; provided, however, that the Partnership will not be liable in any such case if and to the extent that any such Loss arises out of or is based upon an untrue statement or alleged untrue statement or omission or alleged
omission so made in strict conformity with information furnished by such Selling Holder, its directors, officers, employees and agents or any underwriter or such controlling Person in writing specifically for use in the Shelf Registration Statement
or such other registration statement, or prospectus or any amendment or supplement thereto, as applicable. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of such Selling Holder or any such
directors, officers, employees agents or any underwriter or controlling Person, and shall survive the transfer of such securities by such Selling Holder. 
 (b) By Each Selling Holder. Each Selling Holder agrees severally and not jointly to indemnify and hold harmless the Partnership, its directors, officers, employees and agents and each Person, if any, who
controls the Partnership within the meaning of the Securities Act or of the Exchange Act, and its directors, officers, employees and agents, to the same extent as the foregoing indemnity from the Partnership to the Selling Holders, but only with
respect to information regarding such Selling Holder furnished in writing by or on behalf of such Selling Holder expressly for inclusion in the Shelf Registration Statement or prospectus supplement relating to the Registrable Securities, or any
amendment or supplement thereto; provided, however, that the liability of each Selling Holder shall not be greater in amount than the dollar amount of the proceeds (net of any Selling Expenses) received by such Selling Holder from the
sale of the Registrable Securities giving rise to such indemnification. 
 (c) Notice. Promptly after receipt by an indemnified party
hereunder of notice of the commencement of any action, such indemnified party shall, if a claim in respect thereof is to be made against the indemnifying party hereunder, notify the indemnifying party in writing thereof, but the omission so to
notify the indemnifying party shall not relieve it from any liability that it may have to any indemnified party other than under this Section 2.08. In any action brought against any indemnified party, it shall notify the indemnifying
party of the commencement thereof. The indemnifying party shall be entitled to participate in and, to the extent it shall wish, 

  

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to assume and undertake the defense thereof with counsel reasonably satisfactory to such indemnified party and, after notice from the indemnifying party to
such indemnified party of its election so to assume and undertake the defense thereof, the indemnifying party shall not be liable to such indemnified party under this Section 2.08 for any legal expenses subsequently incurred by such
indemnified party in connection with the defense thereof other than reasonable costs of investigation and of liaison with counsel so selected; provided, however, that, (i) if the indemnifying party has failed to assume the defense
or employ counsel reasonably acceptable to the indemnified party or (ii) if the defendants in any such action include both the indemnified party and the indemnifying party and counsel to the indemnified party shall have concluded that there may
be reasonable defenses available to the indemnified party that are different from or additional to those available to the indemnifying party, or if the interests of the indemnified party reasonably may be deemed to conflict with the interests of the
indemnifying party, then the indemnified party shall have the right to select a separate counsel and to assume such legal defense and otherwise to participate in the defense of such action, with the reasonable expenses and fees of such separate
counsel and other reasonable expenses related to such participation to be reimbursed by the indemnifying party as incurred. Notwithstanding any other provision of this Agreement, no indemnifying party shall settle any action brought against an
indemnified party with respect to which it is entitled to indemnification hereunder without the consent of the indemnified party, unless the settlement thereof imposes no liability or obligation on, and includes a complete and unconditional release
from all liability of, the indemnified party. 
 (d) Contribution. If the indemnification provided for in this
Section 2.08 is held by a court or government agency of competent jurisdiction to be unavailable to any indemnified party or is insufficient to hold them harmless in respect of any Losses, then each such indemnifying party, in lieu of
indemnifying such indemnified party, shall contribute to the amount paid or payable by such indemnified party as a result of such Loss in such proportion as is appropriate to reflect the relative fault of the indemnifying party on the one hand and
of such indemnified party on the other in connection with the statements or omissions that resulted in such Losses, as well as any other relevant equitable considerations; provided, however, that in no event shall such Selling Holder
be required to contribute an aggregate amount in excess of the dollar amount of proceeds (net of Selling Expenses) received by such Selling Holder from the sale of Registrable Securities giving rise to such indemnification. The relative fault of the
indemnifying party on the one hand and the indemnified party on the other shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission or alleged omission to state a
material fact has been made by, or relates to, information supplied by such party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission. The parties hereto agree
that it would not be just and equitable if contributions pursuant to this paragraph were to be determined by pro rata allocation or by any other method of allocation that does not take account of the equitable considerations referred to herein. The
amount paid by an indemnified party as a result of the Losses referred to in the first sentence of this paragraph shall be deemed to include any legal and other expenses reasonably incurred by such indemnified party in connection with investigating
or defending any Loss that is the subject of this paragraph. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who is not guilty of
such fraudulent misrepresentation. 
  

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 (e) Other Indemnification. The provisions of this Section 2.08 shall be in addition to
any other rights to indemnification or contribution that an indemnified party may have pursuant to law, equity, contract or otherwise. 
 Section 2.09 Rule 144 Reporting. With a view to making available the benefits of certain rules and regulations of the Commission that may permit the sale of the Registrable Securities to the public without registration, the
Partnership agrees to use its commercially reasonable efforts to: 
 (a) Make and keep public information regarding the Partnership
available, as those terms are understood and defined in Rule 144 under the Securities Act, at all times from and after the date hereof; 
 (b) File with the Commission in a timely manner all reports and other documents required of the Partnership under the Exchange Act at all times from and after the date hereof; and 
 (c) So long as a Holder owns any Registrable Securities, furnish to such Holder forthwith upon request a copy of the most recent annual or quarterly
report of the Partnership, and such other reports and documents so filed as such Holder may reasonably request in availing itself of any rule or regulation of the Commission allowing such Holder to sell any such securities without registration.

 Section 2.10 Transfer or Assignment of Registration Rights. The rights to cause the Partnership to register Registrable Securities
granted to the Purchasers by the Partnership under this Article II may be transferred or assigned by any Purchaser to one or more transferee(s) or assignee(s) of such Registrable Securities or counterparties to any total return swaps;
provided, however, that, except with respect to a total return swap, (a) unless such transferee is an Affiliate of such Purchaser, each such transferee or assignee holds Registrable Securities representing at least $20 million of
the Purchased Units, based on the purchase price per unit under the Purchase Agreement, (b) the Partnership is given written notice prior to any said transfer or assignment, stating the name and address of each such transferee and identifying
the securities with respect to which such registration rights are being transferred or assigned, and (c) each such transferee assumes in writing responsibility for its portion of the obligations of such Purchaser under this Agreement.

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

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 ARTICLE III 
 MISCELLANEOUS 
 Section 3.01 Communications. All notices and other communications provided for
or permitted hereunder shall be made in writing by facsimile, electronic mail, courier service or personal delivery: 
 (a) if to Purchaser,
to the address set forth in Schedule B to the Purchase Agreement, with a copy to Andrews Kurth LLP, 1350 I Street, NW, Suite 1100, Washington, D.C. 20005, Attention: Bill Cooper, Facsimile: (202) 662-2739; 
 (b) if to a transferee of Purchaser, to such Holder at the address provided pursuant to Section 2.10 above; and 
 (c) if to the Partnership at Magellan Midstream Holdings, L.P., c/o Magellan Midstream Holdings GP, LLC, One Williams Center, P.O. Box 22186, Tulsa,
Oklahoma 74121-2186, Facsimile: (918) 574-7039 Attn: Lonny E. Townsend, with a copy to Vinson & Elkins L.L.P., 1001 Fannin St., Suite 2500, Houston, Texas 77002, Attention: Dan Fleckman, Facsimile: (713) 615-5859. 
 All such notices and communications shall be deemed to have been received at the time delivered by hand, if personally delivered; when receipt
acknowledged, if sent via facsimile or sent via Internet electronic mail; and when actually received, if sent by courier service or any other means. 
 Section 3.02 Successor and Assigns. This Agreement shall inure to the benefit of and be binding upon the successors and assigns of each of the parties, including subsequent Holders of Registrable Securities to
the extent permitted herein. 
 Section 3.03 Assignment of Rights. All or any portion of the rights and obligations of any Purchaser
under this Agreement may be transferred or assigned by such Purchaser in accordance with Section 2.10 hereof. 
 Section 3.04
Recapitalization, Exchanges, Etc. Affecting the Common Units. The provisions of this Agreement shall apply to the full extent set forth herein with respect to any and all units of the Partnership or any successor or assign of the Partnership
(whether by merger, consolidation, sale of assets or otherwise) that may be issued in respect of, in exchange for or in substitution of, the Registrable Securities, and shall be appropriately adjusted for combinations, unit splits, recapitalizations
and the like occurring after the date of this Agreement. 
 Section 3.05 Specific Performance. Damages in the event of breach of this
Agreement by a party hereto may be difficult, if not impossible, to ascertain, and it is therefore agreed that each such Person, in addition to and without limiting any other remedy or right it may have, will have the right to an injunction or other
equitable relief in any court of competent jurisdiction, enjoining any such breach, and enforcing specifically the terms and provisions hereof, and each of the parties hereto hereby waives any and all defenses it may have on the ground of lack of
jurisdiction or competence of the court to grant such an injunction or other equitable relief. The existence of this right will not preclude any such Person from pursuing any other rights and remedies at law or in equity that such Person may have.

  

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 Section 3.06 Counterparts. This Agreement may be executed in any number of counterparts and by
different parties hereto in separate counterparts, each of which counterparts, when so executed and delivered, shall be deemed to be an original and all of which counterparts, taken together, shall constitute but one and the same Agreement.

 Section 3.07 Headings. The headings in this Agreement are for convenience of reference only and shall not limit or otherwise affect
the meaning hereof. 
 Section 3.08 Governing Law. The Laws of the State of New York shall govern this Agreement without regard to
principles of conflicts of Laws. 
 Section 3.09 Severability of Provisions. Any provision of this Agreement that is prohibited or
unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof or affecting or impairing the validity or enforceability of
such provision in any other jurisdiction. 
 Section 3.10 Entire Agreement. This Agreement is intended by the parties as a final
expression of their agreement and intended to be a complete and exclusive statement of the agreement and understanding of the parties hereto in respect of the subject matter contained herein. There are no restrictions, promises, warranties or
undertakings, other than those set forth or referred to herein with respect to the rights granted by the Partnership set forth herein. This Agreement and the Purchase Agreement supersede all prior agreements and understandings between the parties
with respect to such subject matter. 
 Section 3.11 Amendment. This Agreement may be amended only by means of a written amendment
signed by the Partnership and the Holders of a majority of the then outstanding Registrable Securities; provided, however, that no such amendment shall materially and adversely affect the rights of any Holder hereunder without the
consent of such Holder. 
 Section 3.12 No Presumption. If any claim is made by a party relating to any conflict, omission, or
ambiguity in this Agreement, no presumption or burden of proof or persuasion shall be implied by virtue of the fact that this Agreement was prepared by or at the request of a particular party or its counsel. 
 Section 3.13 Aggregation of Purchased Units. All Purchased Units held or acquired by Persons who are Affiliates of one another shall be aggregated
together for the purpose of determining the availability of any rights under this Agreement. 
 Section 3.14 Obligations Limited to
Parties to Agreement. Each of the Parties hereto covenants, agrees and acknowledges that no Person other than the Purchasers shall have any obligation hereunder and that, notwithstanding that one or more of the Purchasers may be a corporation,
partnership or limited liability company, no recourse under this Agreement or under any documents or instruments delivered in connection herewith or therewith shall be had against any former, current or future director, officer, employee, agent,
general or limited partner, manager, member, stockholder or Affiliate of any of the Purchaser or any former, current or future director, officer, employee, agent, general or limited partner, manager, member, stockholder or Affiliate of any of the
foregoing, whether by the enforcement of any assessment 

  

 - 15 - 

 
or by any legal or equitable proceeding, or by virtue of any applicable Law, it being expressly agreed and acknowledged that no personal liability whatsoever
shall attach to, be imposed on or otherwise by incurred by any former, current or future director, officer, employee, agent, general or limited partner, manager, member, stockholder or Affiliate of any of the Purchasers or any former, current or
future director, officer, employee, agent, general or limited partner, manager, member, stockholder or Affiliate of any of the foregoing, as such, for any obligations of the Purchasers under this Agreement or any documents or instruments delivered
in connection herewith or therewith or for any claim based on, in respect of or by reason of such obligation or its creation, except in each case for any assignee of a Purchaser hereunder. 
 Section 3.15 Interpretation. Article and Section references to this Agreement, unless otherwise specified. All references to instruments,
documents, contracts and agreements are references to such instruments, documents, contracts and agreements as the same may be amended, supplemented and otherwise modified from time to time, unless otherwise specified. The word “including”
shall mean “including but not limited to.” Whenever any determination, consent or approval is to be made or given by a Purchaser under this Agreement, such action shall be in such Purchaser’s sole discretion unless otherwise
specified. 
 [Signature pages to follow] 
  

 - 16 - 

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

			
	MAGELLAN MIDSTREAM HOLDINGS, L.P.
		
	By:	 	 MAGELLAN MIDSTREAM HOLDINGS
 GP, LLC, its General
Partner

		
	By:	 	/s/ John D. Chandler
	Name:	 	John D. Chandler
	Title:	 	Vice President, Chief Financial Officer & Treasurer

 Signature Page to Registration Rights Agreement 

			
	KAYNE ANDERSON MLP INVESTMENT COMPANY
		
	By:	 	/s/ James C. Baker
		 	Name: James C. Baker
		 	Title: Vice President

 Signature Page to Registration Rights Agreement 

			
	KAYNE ANDERSON CAPITAL ADVISORS, L.P.
	
	On Behalf of:
	
	Kayne Anderson Capital Income Partners (QP), LP
	Kayne Anderson MLP Fund, LP
	Kayne Anderson Non-Traditional Investments, LP
	Kayne Anderson Energy Infrastructure Fund, LP
		
	By:	 	/s/ David Shladovsky
		 	Name: David Shladovsky
		 	Title: General Counsel

 Signature Page to Registration Rights Agreement 

			
	GPS INCOME FUND LP
		
	By:	 	GPS Partners, LLC, its General Partner
		
	By:	 	/s/ Brett Messing
		 	Name: Brett Messing
		 	Title: Managing Partner

 Signature Page to Registration Rights Agreement 

			
	GPS HIGH YIELD EQUITIES FUND LP
		
	By:	 	GPS Partners, LLC, its General Partner
		
	By:	 	/s/ Brett Messing
		 	Name: Brett Messing
		 	Title: Managing Partner

 Signature Page to Registration Rights Agreement 

			
	GPS NEW EQUITY FUND LP
		
	By:	 	GPS Partners, LLC, its General Partner
		
	By:	 	/s/ Brett Messing
		 	Name: Brett Messing
		 	Title: Managing Partner

 Signature Page to Registration Rights Agreement 

			
	GPS MLP FUND LP
		
	By:	 	GPS Partners, LLC, its General Partner
		
	By:	 	/s/ Brett Messing
		 	Name: Brett Messing
		 	Title: Managing Partner

 Signature Page to Registration Rights Agreement 

			
	BEN VAN DE BUNT AND LAURA FOX LIVING TRUST DTD 10/01/98
		
	By:	 	/s/ B. Van de Bunt
		 	Name: Ben Van de Bunt
		 	Title: Trustee

 Signature Page to Registration Rights Agreement 

			
	KNEE FAMILY TRUST DTD 3/7/00
		
	By:	 	/s/ illegible signature
		 	Name:
		 	Title: Trustee

 Signature Page to Registration Rights Agreement 

			
	AGILE PERFORMANCE FUND LLC
		
	By:	 	/s/ Brett Messing
		 	Name: Brett Messing
		 	Title: GPS Partners LLC, Investment Advisor

 Signature Page to Registration Rights Agreement 

			
	ZLP FUND, L.P.
		
	By:	 	Zimmer Lucas Partners, LLC, its General Partner
		
	By:	 	/s/ Devin Geoghegan
		 	Authorized signatory: Devin Geoghegan
		 	Title: Partner

 Signature Page to Registration Rights Agreement 

			
	LB I GROUP INC.
		
	By:	 	/s/ Ashvin Rao
		 	Name: Ashvin Rao
		 	Title: Vice President

 Signature Page to Registration Rights Agreement 

			
	LEHMAN BROTHERS MLP OPPORTUNITY FUND L.P.
		
	By:	 	Lehman Brothers MLP Opportunity Associates L.P., its general partner
		
	By:	 	Lehman Brothers MLP Opportunity Associates L.L.C., its general partner
		
	By:	 	/s/ Jeffrey P. Wood
		 	Name: Jeff Wood
		 	Title: Vice President

 Signature Page to Registration Rights Agreement 

			
	LEHMAN BROTHERS INC.
		
	By:	 	/s/ Tim Collins
		 	Name: Tim Collins
		 	Title: Senior Vice President

 Signature Page to Registration Rights Agreement 

			
	THE CUSHING MLP OPPORTUNITY FUND I, LP
		
	By:	 	/s/ Jerry V. Swank
		 	Name: Jerry V. Swank
		 	Title: Managing Partner

 Signature Page to Registration Rights Agreement 

			
	THE CUSHING GP STRATEGIES FUND, LP
		
	By:	 	/s/ Jerry V. Swank
		 	Name: Jerry V. Swank
		 	Title: Managing Partner

 Signature Page to Registration Rights Agreement 

			
	CONTINENTAL CASUALTY COMPANY
		
	By:	 	/s/ Jerry V. Swank
		 	Name: Jerry V. Swank
		 	Title: Managing Partner

 Signature Page to Registration Rights Agreement 

			
	FLINN MAGELLAN, LLC
		
	By:	 	/s/ illegible signature
		 	Name: Mark Rosenbaum
		 	Title: Vice President

 Signature Page to Registration Rights Agreement 

			
	TORTOISE ENERGY INFRASTRUCTURE CORPORATION
		
	By:	 	/s/ Terry Matlack
		 	Name: Terry Matlack
		 	Title: Chief Financial Officer

 Signature Page to Registration Rights Agreement 

			
	AT MLP FUND, LLC
		
	By:	 	/s/ Paul M. McPheeters
		 	Name: Paul M. McPheeters
		 	Title: Managing Director/PM

 Signature Page to Registration Rights Agreement 

					
	GRACIE INVESTING, LLC
		
	By:	 	/s/ Gary K. Michelson
		 	Name:	 	By: Karin Holdings LP
		 		 	By: GKM Capital Inc.
		 	Title:	 	MD, CEO

 Signature Page to Registration Rights Agreement 

			
	TALKOT FUND, L.P.
		
	By:	 	/s/ Thomas S. Akin
		 	Name: Thomas S. Akin
		 	Title: Managing General Partner

 Signature Page to Registration Rights Agreement 

			
	DOUBLE BLACK DIAMOND L.P.
		
	By:	 	Carlson Capital, L.P., its general partner
		
	By:	 	Asgard Investment Corp., its general partner
		
	By:	 	/s/ Clint D. Carlson
		 	Name: Clint D. Carlson
		 	Title: President

 Signature Page to Registration Rights Agreement 

			
	BLACK DIAMOND PARTNERS L.P.
		
	By:	 	Carlson Capital, L.P., its general partner
		
	By:	 	Asgard Investment Corp., its general partner
		
	By:	 	/s/ Clint D. Carlson
		 	Name: Clint D. Carlson
		 	Title: President

 Signature Page to Registration Rights Agreement 

			
	 ROYAL BANK OF CANADA,
 by its
agent

	
	RBC CAPITAL MARKETS CORPORATION
		
	By:	 	/s/ Josef Muskatel
		 	Name: Josef Muskatel
		 	Title: Director and Senior Counsel
		
	By:	 	/s/ Steven C. Milke
		 	Name: Steven C. Milke
		 	Title: Managing Director

 Signature Page to Registration Rights Agreement 

			
	STRUCTURED FINANCE AMERICAS, LLC
		
	By:	 	/s/ Sunhil Hariani
		 	Name: Sunhil Hariani
		 	Title: VP
		
	By:	 	/s/ Andrea Leung
		 	Name: Andrea Leung
		 	Title: VP

 Signature Page to Registration Rights Agreement 

			
	CREDIT SUISSE MANAGEMENT LLC
		
	By:	 	/s/ illegible signature
		 	Name: illegible signature
		 	Title: Managing Director

 Signature Page to Registration Rights Agreement 

			
	FAMCO MLP PARTNERS, LLC, SERIES MGG-1
		
	By:	 	FAMCO MLP CAPITAL, as manager
		
	By:	 	/s/ James J. Cunnane, Jr.
		 	Name: James J. Cunnane, Jr.
		 	Title: Secretary

 Signature Page to Registration Rights Agreement

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