Document:

EX-4.1

 Exhibit 4.1 

Execution Version 

REGISTRATION RIGHTS AGREEMENT 

by and among 
 NEW
SOURCE ENERGY PARTNERS L.P. 
 (“REGISTRANT”) 

AND 
 KRISTIAN B. KOS

 DIKRAN TOURIAN 

DANIEL R. PICKELSIMER 

ANTRANIK ARMOUDIAN 

DEYLAU, LLC 
 SIGNATURE
INVESTMENTS LLC 
 (“UNITHOLDERS”) 

November 12, 2013 

 TABLE OF CONTENTS 

 

							
	 ARTICLE I

DEFINITIONS
	  			
			
	 Section 1.01
	 	Definitions	  	 	2	  
	 Section 1.02
	 	Registrable Securities	  	 	5	  
	 Section 1.03
	 	Rules of Construction	  	 	5	  
		
	 ARTICLE II

REGISTRATION RIGHTS
	  			
			
	 Section 2.01
	 	Right to Request Registration	  	 	6	  
	 Section 2.02
	 	Piggyback Rights	  	 	7	  
	 Section 2.03
	 	Underwritten Offerings	  	 	10	  
	 Section 2.04
	 	Registration and Sale Procedures	  	 	12	  
	 Section 2.05
	 	Cooperation by Participating Holders	  	 	15	  
	 Section 2.06
	 	Restrictions on Public Sale by Holders of Registrable Securities	  	 	15	  
	 Section 2.07
	 	Expenses	  	 	15	  
	 Section 2.08
	 	Indemnification	  	 	16	  
	 Section 2.09
	 	Rule 144 Reporting	  	 	18	  
	 Section 2.10
	 	Limitation on Subsequent Registration Rights	  	 	19	  
		
	 ARTICLE III

MISCELLANEOUS
	  			
			
	 Section 3.01
	 	Communications	  	 	19	  
	 Section 3.02
	 	Governing Law	  	 	20	  
	 Section 3.03
	 	WAIVER OF JURY TRIAL	  	 	21	  
	 Section 3.04
	 	Successors and Assigns	  	 	21	  
	 Section 3.05
	 	Severability	  	 	21	  
	 Section 3.06
	 	Specific Performance	  	 	21	  
	 Section 3.07
	 	Amendments	  	 	21	  
	 Section 3.08
	 	No Affiliate Liability	  	 	22	  
	 Section 3.09
	 	Recapitalization, Exchanges Etc., Affecting Securities	  	 	22	  
	 Section 3.10
	 	Further Assurances	  	 	22	  
	 Section 3.11
	 	Entire Agreement	  	 	22	  
	 Section 3.12
	 	Counterparts; Facsimile Signatures	  	 	22	  

  

  
 i 

 REGISTRATION RIGHTS AGREEMENT 

This REGISTRATION RIGHTS AGREEMENT (this “Agreement”) is being entered into on November 12, 2013, by and among
New Source Energy Partners L.P., a Delaware limited partnership (the “Registrant”), Kristian B. Kos, an individual residing in Oklahoma City, Oklahoma (“Mr. Kos”), Dikran Tourian, an individual residing in
Edmond, Oklahoma (“Mr. Tourian”), Danny R. Pickelsimer, an individual residing in Yukon, Oklahoma (“Mr. Pickelsimer”), Antranik Armoudian, an individual residing in Tulsa, Oklahoma (“Mr.
Armoudian”), Deylau, LLC, a Delaware limited liability company (“Deylau”), Signature Investments, LLC, an Oklahoma limited liability company (“Signature”, and collectively with Mr. Kos,
Mr. Tourian, Mr. Pickelsimer, Mr. Armoudian and Deylau, the “Unitholders”). 
 RECITALS: 

WHEREAS, the Unitholders other than Mr. Kos and Mr. Tourian are all of the members of MCE, LLC, a Delaware limited liability
company (the “Contributor”), while Mr. Kos and Mr. Tourian are the principals of Deylau and Signature, respectively; 

WHEREAS, Contributor owns all of the outstanding limited partner interests in MCE, LP, a Delaware limited partnership (“MCE
LP”), and all of the outstanding Equity Interests in MCE GP, LLC, a Delaware limited liability company and the general partner of MCE LP (“MCE GP”, and collectively with MCE LP, the “Acquired
Companies” and each such entity individually an “Acquired Company”); 
 WHEREAS, pursuant to the
Contribution Agreement (the “Contribution Agreement”) dated November 12, 2013 by and among the Registrant, the Unitholders and Contributor, the Unitholders have agreed to cause the Contributor to contribute, and the Registrant
has agreed to acquire, the Acquired Interests (the “Contribution”); 
 WHEREAS, pursuant to Section 2.02 of the
Contribution Agreement, the Registrant has agreed to issue 1,847,265 Common Units to the Unitholders at the Closing as partial consideration for the Contribution, and pursuant to Section 3.01 of the Contribution Agreement, the Registrant has
agreed to issue additional Common Units to the Unitholders in the future if certain performance metrics are achieved; 

WHEREAS, pursuant to the MCE LP Partnership Agreement, the Registrant may issue additional Common Units to certain of the Unitholders
as Reset Consideration following a Reset Election with respect to the Class B Units from time to time; 
 WHEREAS, pursuant to
Section 4.02 of the Contribution Agreement, the Registrant has agreed to execute and deliver this Agreement to Contributor for the benefit of the Unitholders; and 

WHEREAS, the execution and delivery of this Agreement by the Unitholders and the Registrant is a condition to closing the
Contribution. 

  
 1 

 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 in this Agreement and not defined herein shall have the meanings
ascribed to such terms in the Contribution Agreement. As used in this Agreement, the following terms have the meanings indicated: 

“Affiliate” means, with respect to any Person, any Person who, directly or indirectly, controls, is controlled by or is under
common control with the Person. For purposes of this definition, “control” when used with respect to any Person means the power to direct the management and policies of such Person, directly or indirectly, whether through the ownership of
voting securities, by contract or otherwise. 
 “Agreement” shall have the meaning specified in the Preamble to this
Agreement. 
 “Business Day” means any day other than a Saturday, a Sunday, or a day on which banks are authorized or
required by law to be closed for business in New York, New York. 
 “Class B Units” shall have the meaning provided in the
MCE LP Partnership Agreement. 
 “Commission” means the United States Securities and Exchange Commission. 

“Common Unit Price” means $21.55 per Common Unit. 

“Common Units” means the common units representing limited partnership interests in the Registrant. 

“Contribution Agreement” has the meaning provided in the Recitals to this Agreement. 

“Contribution” has the meaning provided in the Recitals to this Agreement. 

“Contributor” has the meaning provided in the Recitals to this Agreement. 

“Demand Registration” shall have the meaning provided in Section 2.01(a) of this Agreement. 

“Demand Request” means a request for registration of Registrable Securities by the Demand Rights Holders pursuant to
Section 2.01(a) of this Agreement. 
 “Demand Rights Holders” means Mr. Kos and Mr. Tourian. 

“Earn Out Date” means the date, on or before May 1, 2015, that the Registrant shall have issued to the Unitholders the
Earn-out Common Unit Consideration, if any. 

  
 2 

 “Effective Date” means, with respect to a particular Shelf Registration
Statement, the date of effectiveness of such Shelf Registration Statement. 
 “Effectiveness Period” shall have the meaning
specified in Section 2.01(b) of this Agreement. 
 “Exchange Act” means the Securities Exchange Act of 1934, as
amended, and the rules and regulations promulgated by the Commission thereunder. 
 “Filing Date” means, with respect to a
particular Shelf Registration Statement, the date on which such Shelf Registration Statement is filed with the Commission. 

“General Partner” means New Source Energy GP, LLC, a Delaware limited liability company and the general partner of the
Registrant. 
 “Governmental Authority” means any federal, state, local or foreign government, or other governmental,
regulatory or administrative authority, agency or commission or any court, tribunal, or judicial or arbitral body. 
 “Included
Registrable Securities” shall have the meaning specified in Section 2.02(a) of this Agreement. 
 “Launch
Date” shall have the meaning specified in Section 2.02(b) of this Agreement. 
 “Law” means any
federal, state, local or foreign statute, law, ordinance, regulation, rule, order, code, governmental restriction, decree, injunction or other requirement of law of any Governmental Authority or any judicial or administrative interpretation thereof.

 “Losses” shall have the meaning provided in Section 2.08(a) of this Agreement. 

“Managing Underwriter” means the lead investment banking firm of a syndicate formed for the purchase and distribution of an
issuance of Common Units. 
 “MCE LP Partnership Agreement” means the First Amended and Restated Agreement of Limited
Partnership of MCE LP. 
 “NYSE” means the New York Stock Exchange. 

“Other Holders” shall have the meaning provided in Section 2.02(c) of this Agreement. 

“Overnight Underwritten Offering” shall have the meaning provided in Section 2.02(b) of this Agreement. 

“Participating Holder Documentation” shall have the meaning provided in Section 2.02(d) of this Agreement. 

“Participating Holders” means, with respect to a particular Demand Request, the Holders electing to participate in such
Demand Registration, and with respect to a Piggyback Offering or Underwritten Offering, the Unitholders electing to offer and sell Registrable Securities pursuant to an effective Shelf Registration Statement. 

  
 3 

 “Partnership Agreement” shall have the meaning provided in the Recitals to this
Agreement. 
 “Person” or “person” means any individual, corporation, partnership, limited liability
company, joint venture, association, joint-stock company, trust, unincorporated organization or government or other agency or political subdivision thereof. 

“Piggyback Offering” shall have the meaning provided in Section 2.02(a) of this Agreement. 

“Pricing Date” shall have the meaning provided in Section 2.02(b) of this Agreement. 

“Primary Offering” shall have the meaning provided in Section 2.04(n) of this Agreement. 

“Registrable Securities” means the Common Units owned by the Unitholders that were (a) received on the Closing Date
pursuant to the Contribution, (b) received on the Earn Out Date pursuant to Section 3.01(b) of the Contribution Agreement or (c) received as Reset Consideration pursuant to a Reset Election of the Class B Units in accordance with
Section 5.10 of the MCE LP Partnership Agreement until such time as such securities cease to be Registrable Securities pursuant to Section 1.02 of this Agreement. 

“Registrant” shall have the meaning specified in the Preamble to this Agreement. 

“Registration Criteria” means the conditions which must be satisfied before a request for registration by the Demand Rights
Holders may be considered, which consists of (a) the Registrant meeting the eligibility requirements to file a registration statement on Form S-3 as promulgated by the Commission, as such eligibility is determined by the Registrant in
consultation with its counsel and (b) under no circumstances earlier than 30 days following the Registrant’s eligibility to use a registration statement on Form S-3, as determined above. 

“Registration Expenses” shall have the meaning provided in Section 2.07 of this Agreement. 

“Reset Consideration” shall have the meaning provided in the MCE LP Partnership Agreement. 

“Reset Election” shall have the meaning provided in the MCE LP Partnership Agreement. 

“Reset Payment Date” means the date upon which Registrable Securities are delivered in connection with the payment of Reset
Consideration. 
 “Rule 144” means Rule 144 promulgated by the Commission under the Securities Act. 

  
 4 

 “Securities Act” means the Securities Act of 1933, as amended, and the rules and
regulations promulgated by the Commission thereunder. 
 “Selling Expenses” shall have the meaning provided in
Section 2.07 of this Agreement. 
 “Shelf Registration Statement” shall have the meaning provided in
Section 2.01(a) of this Agreement. 
 “Underwritten Offering” shall have the meaning provided in
Section 2.02(a) of this Agreement. 
 “Underwritten Offering Filing” shall have the meaning provided in
Section 2.02(a) of this Agreement. 
 “Underwritten Offering Request” shall have the meaning provided in
Section 2.03(a) of this Agreement. 
 “Unitholders” has the meaning specified in the Preamble to this
Agreement. 
 Section 1.02 Registrable Securities. Any Registrable Security will cease to be a Registrable Security at the
earliest of the following: (a) when a registration statement covering such Registrable Security becomes or has been declared effective by the Commission and such Registrable Security has been sold or disposed of pursuant to such registration
statement; (b) when such Registrable Security has been disposed of pursuant to Rule 144 (or any similar provision then in force) under the Securities Act; (c) when such Registrable Security is held by the Registrant or one of its
subsidiaries; (d) when such Registrable Security has been sold in a private transaction; and (e) six (6) years from the Effective Date of the registration statement relating to such Registrable Securities. 

Section 1.03 Rules of Construction. Unless the context otherwise requires: 

(a) a term has the meaning assigned to it; 

(b) “or” is not exclusive; 

(c) words in the singular include the plural, and words in the plural include the singular; 

(d) provisions apply to successive events and transactions; and 

(e) “herein,” “hereof” and other words of similar import refer to this Registration Rights Agreement as a whole and not to
any particular Article, Section or other subdivision. 

  
 5 

 ARTICLE II 

REGISTRATION RIGHTS 

Section 2.01 Right to Request Registration. 

(a) Request for Registration. The Demand Rights Holders may at any time, after satisfaction of the Registration Criteria, request
in writing (a “Demand Request”) that the Registrant prepare and file a registration statement under the Securities Act to permit the resale of all or a portion of the Registrable Securities held by the Unitholders or, if the Demand
Request is made by the Demand Rights Holders, from time to time, including as permitted by Rule 415 promulgated by the Commission under the Securities Act, or any similar provision then in force (a “Demand Registration” and such
registration statement, a “Shelf Registration Statement”). In the event that the Shelf Registration Statement is declared effective prior to the Earn Out Date or prior to the Reset Payment Date, the Demand Rights Holders may at any
time, after satisfaction of the Registration Criteria, issue additional Demand Requests with respect to all or a portion of the Registrable Securities held by the Unitholders issued on the Earn Out Date and on the Reset Payment Date, as applicable.
A Shelf Registration Statement filed pursuant to this Section 2.01(a) shall be on Form S-3 of the Commission or any succeeding form as shall be selected by the Registrant. A Demand Request shall specify the number of Registrable
Securities proposed to be included in the Shelf Registration Statement and the intended method of disposition thereof. 
 (b)
Effectiveness. The Registrant shall use its commercially reasonable efforts to: (i) prepare and file a Shelf Registration Statement within 30 days of receiving a Demand Request and (ii) cause the Shelf Registration Statement
to become effective no later than 180 days after the Filing Date. The Registrant will use its commercially reasonable efforts to cause a Shelf Registration Statement filed pursuant to this Section 2.01 to be continuously effective under
the Securities Act until the earliest date on which any of the following occurs: (x) all Registrable Securities covered by such Shelf Registration Statement have been distributed in the manner set forth and as contemplated in such Shelf
Registration Statement, (y) there are no longer any Registrable Securities outstanding and (z) three (3) years from the Effective Date of such Shelf Registration Statement, which may include an additional three (3) years from any
subsequent Effective Date, if such Shelf Registration Statement is required to be “refreshed” pursuant to the Securities Act (the “Effectiveness Period”). A Shelf Registration Statement when it becomes or is 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 any prospectus contained in such Shelf Registration Statement, in the light of the circumstances
under which a statement is made). As soon as practicable following the Effective Date, but in any event within three (3) Business Days of such date, the Registrant will notify the Participating Holders of the effectiveness of such Shelf
Registration Statement. 

  
 6 

 (c) Notice to Other Holders. Upon receipt of any Demand Request, the
Registrant shall promptly (but in any event within ten (10) days) give written notice of such Demand Request to all Other Holders, who shall each have the right, exercisable by written notice to the Registrant within 15 days after their receipt
of notice of such Demand Request, to elect to include in such Demand Registration pursuant to this Section 2.01, all or any portion of the Registrable Securities as they may request. 

(d) Maximum Shelf Registration Requests. Notwithstanding anything to the contrary contained in this Agreement, the Demand Rights
Holders shall be entitled to not more than an aggregate of three (3) Demand Registrations pursuant to Section 2.01 of this Agreement (including any post-effective amendments to such Shelf Registration Statement filed for the primary
purpose of including Participating Holders). 
 (e) Delay Rights. Notwithstanding anything to the contrary contained in this
Agreement, the Registrant may, upon written notice to any Participating Holder whose Registrable Securities are included in a Shelf Registration Statement, delay the effectiveness of a Shelf Registration Statement or suspend such Participating
Holder’s use of any prospectus that is a part of an effective Shelf Registration Statement (in which event the Participating Holder shall discontinue sales of the Registrable Securities pursuant to the effective Shelf Registration Statement) if
(A) the Registrant is pursuing an acquisition, merger, reorganization, disposition or other similar transaction and the Registrant determines in good faith that the Registrant’s ability to pursue or consummate any such transaction would be
materially and adversely affected by any required disclosure of such transaction in a Shelf Registration Statement (including disclosures incorporated by reference in a Registration Statement) or (B) the Registrant has experienced some other
material, non-public event the disclosure of which at such time, in the good faith judgment of the Registrant, would materially and adversely affect the Registrant; provided, that in no event shall the Registrant delay the effectiveness of a
Shelf Registration Statement or prohibit the Participating Holders from selling Registrable Securities pursuant to the Shelf Registration Statement for a period that exceeds an aggregate of ninety (90) days in any 365-day period. 

Section 2.02 Piggyback Rights. 

(a) Underwritten Offering Piggyback Rights. Except as provided in Section 2.02(b), if at any time during any
Effectiveness Period, the Registrant proposes to file (i) a prospectus supplement to an effective shelf registration statement, other than a 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 on a firm commitment or best efforts basis (an “Underwritten Offering”) for its own account, then, as
soon as practicable but not less than ten (10) Business Days (or three (3) Business Days in the case of an Overnight Underwritten Offering) prior to the filing of (A) any preliminary prospectus supplement relating to such Underwritten
Offering pursuant to Rule 424(b) of the Securities Act, (B) the prospectus supplement relating to such Underwritten Offering pursuant to Rule 424(b) of the Securities Act (if no preliminary prospectus supplement is used) or (C) such
registration statement (other than a Shelf Registration Statement), as the case may be (an “Underwritten Offering Filing”), the Registrant shall give notice of such proposed Underwritten Offering to the Unitholders (including, but
not limited to, notice by electronic mail) and such notice shall offer the Unitholders 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 (a “Piggyback Offering”). Notwithstanding the foregoing, if 

  
 7 

 
the Registrant has been advised by the Managing Underwriter that the inclusion of Registrable Securities for sale for the account of the Participating Holders is likely to have an adverse effect
on the price, timing or distribution of the Common Units, then the amount of Registrable Securities to be offered for the accounts of Participating Holders shall be determined based on the provisions of Section 2.02(c) of this Agreement.
Each Holder shall keep all information relating to any such Underwritten Offering confidential and shall not disseminate or in any way disclose such information. Except as provided in Section 2.02(b), each Holder shall then have two
(2) Business Days from the date of such notice to request inclusion of its Registrable Securities in the Piggyback Offering. If no request for inclusion from a Holder is received within the specified time, then such Holder shall have no further
right to participate in such Piggyback 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 Registrant shall determine for any reason
not to undertake such Underwritten Offering, the Registrant shall give written notice of such determination to the Participating Holders and shall be relieved of its obligation to sell any Included Registrable Securities in connection with such
abandoned Underwritten Offering. Any Participating Holder shall have the right to withdraw such Participating Holder’s request for inclusion of such Participating Holder’s Registrable Securities in such Underwritten Offering by giving
written notice to the Registrant of such withdrawal at least three (3) Business Days prior to the time of commencement of marketing of such Underwritten Offering. Each Holder’s rights under this Section 2.02(a) shall terminate
when such Holder holds less than $1 million of Registrable Securities (based on the Common Unit Price). 
 (b) Overnight
Underwritten Offering Piggyback Rights. If at any time during any Effectiveness Period the Registrant proposes to file an Underwritten Offering Filing and such Underwritten Offering is expected to be launched (the “Launch
Date”) after the close of trading on one trading day and priced (the “Pricing Date”) before the open of trading on the next succeeding trading day (such execution format, an “Overnight Underwritten
Offering”), then no later than three (3) Business Days after the Registrant engages a Managing Underwriter for the proposed Overnight Underwritten Offering, the Registrant shall notify (including, but not limited to, notice by
electronic mail) the Unitholders of the pendency of the Overnight Underwritten Offering and such notice shall offer the Unitholders the opportunity to include in such Overnight Underwritten Offering such number of Registrable Securities as each such
Holder may request in writing. Notwithstanding the foregoing, if the Registrant has been advised by the Managing Underwriter that the inclusion of Registrable Securities in the Overnight Underwritten Offering for the accounts of the Participating
Holders is likely to have an adverse effect on the price, timing or distribution of the Common Units, then the amount of Registrable Securities to be included in the Overnight Underwritten Offering for the accounts of Participating Holders shall be
determined based on the provisions of Section 2.02(c) of this Agreement. If, at any time after giving written notice of its intention to execute an Overnight Underwritten Offering and prior to the closing of such Overnight Underwritten
Offering, the Registrant determines for any reason not to undertake or to delay such Overnight Underwritten Offering, the Registrant shall give written notice of such determination to the Participating Holders and, (i) in the case of a
determination not to undertake such Overnight Underwritten Offering, shall be relieved of its obligation to sell any Registrable Securities held by the Participating Holders in connection with such abandoned or delayed Overnight Underwritten
Offering, and (ii) in the case of a determination to delay such Overnight Underwritten Offering, shall be permitted to delay 

  
 8 

 
offering any Registrable Securities held by the Participating Holders for the same period as the delay of the Overnight Underwritten Offering. Any Participating Holder shall have the right to
withdraw such Participating Holder’s request for inclusion of such Participating Holder’s Registrable Securities in such Overnight Underwritten Offering by giving written notice to the Registrant of such withdrawal at least three
(3) Business Days prior to the expected Launch Date. Each Holder’s rights under this Section 2.02(b) shall terminate when such Holder holds less than $1 million of Registrable Securities (based on the Common Unit Price). 

(c) Priority of Piggyback Rights. In connection with an Underwritten Offering and Overnight Underwritten Offering contemplated by
Section 2.02(a) and Section 2.02(b), respectively, if the Managing Underwriter or Underwriters of such Underwritten Offering or Overnight Underwritten Offering advises the Registrant that the total amount of Common Units that
the Participating Holders and any other Persons intend to include in such Underwritten Offering or Overnight Underwritten Offering exceeds the number that can be sold in such Underwritten Offering or Overnight Underwritten 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 or Overnight Underwritten Offering shall include
the number of Common Units that such Managing Underwriter or Underwriters advises the Registrant can be sold without having such adverse effect, with such number to be allocated (i) first to the Registrant, (ii) second pro rata among the
Participating Holders and any other Persons who have been or are granted registration rights with respect to the Common Units on or after the date of this Agreement who have requested participation in the Underwritten Offering or Overnight
Underwritten Offering (the “Other Holders”) based, for each such Participating Holder or Other Holder, on the percentage derived by dividing (A) the number of Common Units proposed to be sold by such Participating Holder(s) and
such Other Holders in such Underwritten Offering or Overnight Underwritten Offering by (B) the aggregate number of Common Units proposed to be sold by all Participating Holders and all Other Holders in the Underwritten Offering or Overnight
Underwritten Offering. 
 (d) Participating Holder Documentation. If the Unitholders propose to include Registrable Securities
in an Underwritten Offering or an Overnight Underwritten Offering, then the Managing Underwriter of the Underwritten Offering or Overnight Underwritten Offering shall, no later than the tenth
(10th) Business Day in the case of an Underwritten Offering, or the third (3rd) Business Day in the case of an Overnight Underwritten
Offering, prior to the expected Launch Date, provide to the Participating Holders all of the documentation customarily required for the inclusion of Registrable Securities in the Underwritten Offering or Overnight Underwritten Offering, including,
without limitation, a custody agreement and power-of-attorney, Participating Holders’ customary representations and warranties, and a form of legal opinion required to be delivered by counsel to the Participating Holders (in form and substance
reasonably acceptable to counsel for the Participating Holders) at the closing of an Underwritten Offering or an Overnight Underwritten Offering and any over-allotment option closing (collectively, the “Participating Holder
Documentation”). To include Registrable Securities in an Underwritten Offering or an Overnight Underwritten Offering, each Participating Holder shall, subject to receipt of notice of the Underwritten Offering or Overnight Underwritten
Offering and the Participating Holder Documentation within the time periods set forth above, (A) complete its review and return the Participating Holder Documentation, with such revisions as have been agreed to by the Registrant (such agreement
not to be unreasonably 

  
 9 

 
withheld) and the Participating Holder, at least seven (7) Business Days in the case of an Underwritten Offering, or two (2) Business Days in the case of an Overnight Underwritten
Offering, prior to the expected Launch Date, (B) place the Registrable Securities eligible for inclusion in an Underwritten Offering or an Overnight Underwritten Offering into the custody of the Registrant’s transfer agent at least five
(5) Business Days in the case of an Underwritten Offering, or one (1) Business Day in the case of an Overnight Underwritten Offering, prior to the expected Launch Date, (C) agree to participate, following reasonable notice, in any due
diligence calls arranged by the Managing Underwriter of an Underwritten Offering or an Overnight Underwritten Offering on the expected Launch Date, the Pricing Date or in advance of the closing of an Underwritten Offering or an Overnight
Underwritten Offering and any over-allotment option closing, and (D) unconditionally waive any right to withdraw any Registrable Securities placed into the custody of the Registrant’s transfer agent for inclusion in an Underwritten
Offering or an Overnight Underwritten Offering within three (3) Business Days of the expected Launch Date in the case of an Underwritten Offering, or one (1) Business Day in the case of an Overnight Underwritten Offering, whether on the
basis of the offering price, underwriter discount, or for any other reason. 
 Section 2.03 Underwritten Offerings. 

(a) Request for Underwritten Offering. If the Unitholders elect to dispose of Registrable Securities under a Shelf Registration
Statement pursuant to an Underwritten Offering and the Unitholders reasonably anticipate gross proceeds of at least $25 million from such Underwritten Offering of Registrable Securities, then the Registrant shall, at the request of such
Participating Holder (each, an “Underwritten Offering Request”), enter into an underwriting agreement in customary form with the Managing Underwriter or Underwriters, which shall include, among other provisions, indemnities to the
effect and to the extent provided in Section 2.08(a), and shall take all such other reasonable actions as are requested by the Managing Underwriter to expedite or facilitate the disposition of the Registrable Securities; provided,
that the Registrant shall not be required to effect more than two Underwritten Offerings pursuant to this Section 2.03, and the Unitholders shall be limited to no more than one Underwritten Offering Request in any 180-day period. 

(b) Notice to Other Holders; Priority. 

(i) Upon receipt of any Underwritten Offering Request from a Participating Holder, the Registrant shall promptly (but in any
event within ten (10) days) give written notice of such Underwritten Offering Request to all Other Holders, who shall each have the right, exercisable by written notice to the Registrant within 15 days after their receipt of notice of such
Underwritten Offering Request, to elect to include in such Underwritten Offering pursuant to this Section 2.03, all or a portion of the Registrable Securities as they may request; provided, that all such Registrable Securities
proposed or requested to be included in the Underwritten Offering are covered by an effective Shelf Registration Statement. 

  
 10 

 (ii) In connection with an Underwritten Offering contemplated by
Section 2.03(a), if the Managing Underwriter or Underwriters of such Underwritten Offering advise the Registrant that the total amount of Common Units that the Participating Holders and any Other Holders intend to include in such
Underwritten Offering exceeds the number that can be sold in such Underwritten 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 the Registrant can be sold without having such adverse effect, with such number to be allocated
(i) first to any Unitholders or their Affiliates who initiated the Underwritten Offering Request and (ii) second (or if clause (i) is not applicable) pro rata among the Participating Holders and any Other Holders based, for each such
Participating Holder or Other Holder, on the percentage derived by dividing (A) the number of Common Units proposed to be sold by such Participating Holder(s) and such Other Holders in such Underwritten Offering or Overnight Underwritten
Offering; by (B) the aggregate number of Common Units proposed to be sold by all Participating Holders and all Other Holders in the Underwritten Offering. 

(c) General Procedures. In connection with any Underwritten Offering, the Registrant shall be entitled to select the Managing
Underwriter or Underwriters. In connection with an Underwritten Offering contemplated by this Agreement in which a Participating Holder participates, each Participating Holder and the Registrant shall be obligated to enter into an underwriting
agreement with the Managing Underwriter or Underwriters that contains such representations, covenants, indemnities and other rights and obligations as are customary in underwriting agreements for firm commitment offerings of equity securities. No
Participating Holder may participate in an Underwritten Offering unless such Participating 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 Participating 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 Registrant to and for the benefit of such underwriters also be made to and for such Participating 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 Participating Holder shall be required to make any representations or warranties to or agreements with the Registrant or the Underwriters other than representations,
warranties or agreements regarding such Participating Holder and its ownership of the securities being registered on its behalf and its intended method of distribution and any other representation required by Law. If any Participating Holder
disapproves of the terms of an Underwritten Offering, such Participating Holder may elect to withdraw therefrom by notice to the Registrant and the Managing Underwriter; provided, that such withdrawal must be made at least one
(1) Business Day prior to the pricing of such Underwritten Offering to be effective. No such withdrawal or abandonment shall affect the Registrant’s obligation to pay Registration Expenses. Upon the receipt by the Registrant of a written
request from any Investor or an Affiliate of the Investor pursuant to Section 2.03(a), no more than two members of the Registrant’s executive management team shall be required to participate in a roadshow or similar marketing effort
in connection with that Underwritten Offering for no more than two calendar days; provided, that the Registrant: (i) is given at least 30 days notice prior to the commitment of any roadshow or similar marketing effort; and
(ii) agrees to the proposed commencement date of any such roadshow or similar marketing effort. 

  
 11 

 Section 2.04 Registration and Sale Procedures. In connection with its obligations
under this Article II, the Registrant will, as expeditiously as possible: 
 (a) prepare and file with the Commission such
amendments and supplements to a Shelf Registration Statement and the prospectus used in connection therewith as may be necessary to keep such Shelf Registration Statement effective for its Effectiveness Period and as may be necessary to comply with
the provisions of the Securities Act with respect to the disposition of all securities covered by such Shelf Registration Statement; 
 (b)
furnish to each Participating Holder (i) as far in advance as reasonably practicable before filing a 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 Participating Holder the opportunity to object to any information pertaining to such Participating Holder and its plan of distribution that is contained therein and make the corrections reasonably requested by such Participating Holder
with respect to such information prior to filing such Shelf Registration Statement or such other registration statement and the prospectus included therein or any supplement or amendment thereto, and (ii) an electronic copy of such Shelf
Registration Statement or such other registration statement and the prospectus included therein and any supplements and amendments thereto as such Participating Holder 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; 
 (c) if applicable,
use its commercially reasonable efforts to register or qualify the Registrable Securities covered by a Shelf Registration Statement or any other registration statement contemplated by this Agreement under the securities or “blue sky” laws
of such jurisdictions as the Participating Holders or, in the case of an Underwritten Offering, the Managing Underwriter, shall reasonably request; provided, that the Registrant shall 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 which would subject it to general service of process in any such jurisdiction where it is not then so subject; 

(d) promptly notify each Participating Holder and each underwriter of Registrable Securities, at any time when a prospectus relating thereto is
required to be delivered under the Securities Act, of (i) the filing of a 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 become effective; and (ii) the receipt of
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 such Shelf Registration Statement or any other registration statement or
any prospectus or prospectus supplement thereto; 

  
 12 

 (e) immediately notify each Participating Holder and each underwriter of Registrable Securities,
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 a Shelf Registration Statement or
any other registration statement contemplated by this Agreement, as then in effect, or any supplement or amendment thereto, includes an untrue statement of a material fact or omits 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; (ii) the issuance or threat of issuance by the Commission of any stop order suspending the effectiveness of such 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 Registrant 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 Registrant 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 action as is necessary to remove a stop order, suspension, threat thereof or proceedings related thereto; 

(f) upon request and subject to appropriate confidentiality obligations, furnish to each Participating 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; 
 (g) in the case of an Underwritten Offering, furnish upon request, (i) an opinion letter of counsel for the Registrant
dated the date of the closing of the Underwritten Offering, including a standard “10b-5” letter 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 of the Underwritten Offering, in each case, signed by the independent public accountants who have certified the Registrant’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 included therein and any supplement thereto) and
as are customarily covered in opinion letters of issuer’s counsel and in accountants’ letters delivered to the underwriters in underwritten offerings of equity securities; 

(h) 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; 

(i) make available to the appropriate representatives of the Managing Underwriter and Participating Holders access to such information and
Registrant personnel as is reasonable and customary to enable such parties to establish a due diligence defense under the Securities Act; provided, that the Registrant need not disclose any non-public information to any such representative
unless and until such representative has entered into a confidentiality agreement with the Registrant reasonably satisfactory to the Registrant; 

  
 13 

 (j) cause all such Registrable Securities registered pursuant to this Agreement to be listed on
each securities exchange or nationally recognized quotation system, if any, on which similar securities issued by the Registrant are then listed; 

(k) 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 Registrant to enable the Participating Holders to consummate the disposition of such Registrable Securities; 

(l) provide a transfer agent and registrar for all Registrable Securities covered by a registration statement not later than the effective date
of such registration statement; 
 (m) take such other actions as are reasonably requested by the Participating Holders or the underwriters,
if any, to expedite or facilitate the disposition of such Registrable Securities; and 
 (n) (i) cooperate with a Participating
Holder if such Participating Holder could reasonably be deemed to be an “underwriter,” as defined in Section 2(a)(11) of the Securities Act, in connection with an offering pursuant to the registration statement in respect of any
registration of the Registrable Securities of such Participating Holder pursuant to this Agreement, and any amendment or supplement thereof (any such offering a “Primary Offering”), in allowing such Participating Holder to conduct
customary “underwriter’s due diligence” with respect to the Registrant and satisfy its obligations in respect thereof, (ii) furnish to such Participating Holder upon such Participating Holder’s request, on the date of the
closing of any Primary Offering and thereafter from time to time on such dates as such Participating Holder may reasonably request, the letters covered by Section 2.04(g) of this Agreement, in each case addressed to such Participating
Holder, and (iii) permit legal counsel to such Participating Holder to review and comment upon any such registration statement at least five (5) Business Days prior to its filing with the Commission and all amendments and supplements to
any such registration statement within a reasonable number of days prior to their filing with the Commission and not file any Primary Offering or amendment or supplement thereto in a form to which such Participating Holder’s legal counsel
reasonably objects in writing. 
 Each Participating Holder, upon receipt of notice from the Registrant of the happening of any event of the
kind described in subsection (e) of this Section 2.04, shall forthwith discontinue disposition of the Registrable Securities until such Participating Holder’s receipt of the copies of the supplemented or amended prospectus
contemplated by subsection (e) of this Section 2.04 or until it is advised in writing by the Registrant 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 Registrant, such Participating Holder will deliver, or will request the Managing Underwriter or Underwriters, if any, to deliver to the Registrant all copies in their possession or control,
other than permanent file copies then in such Participating Holder’s possession, of the prospectus and any prospectus supplement covering such Registrable Securities current at the time of receipt of such notice. 

  
 14 

 If reasonably requested by a Participating Holder, the Registrant shall: (i) as soon as
practicable, incorporate in a prospectus supplement or post-effective amendment such information as such Participating Holder 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 Underwritten Offering; (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; and (iii) as soon as
practicable, supplement or make amendments to any Shelf Registration Statement or any other registration statement covering the offer and sale of Registrable Securities. 

Section 2.05 Cooperation by Participating Holders. The Registrant shall have no obligation to include Registrable Securities of a
Participating Holder in a Shelf Registration Statement or in an Underwritten Offering under Article II of this Agreement if such Participating Holder has failed to timely furnish such information that, in the opinion of counsel to the
Registrant, is reasonably required for such Shelf Registration Statement or other registration statement or prospectus supplement, as applicable, to comply with the Securities Act. 

Section 2.06 Restrictions on Public Sale by Holders of Registrable Securities. During the Effectiveness Period, each Participating
Holder of Registrable Securities (other than the Unitholders) included in a Shelf Registration Statement agrees not to effect any public sale or distribution of the Registrable Securities during the 60 calendar day period beginning on the date that
a prospectus supplement or other prospectus (including any free writing prospectus) is filed with the Commission with respect to an Underwritten Offering of equity securities of the Registrant for the Registrant’s account; provided, 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, directors or any other unitholder of the Registrant on whom a restriction is imposed
in connection with such public offering; provided, further, that this Section 2.06 shall not apply to a Participating Holder that holds less than $5 million of Registrable Securities (including Registrable Securities held
by Affiliates of a Participating Holder), which value shall be determined by multiplying the number of Registrable Securities owned by the average of the closing price for Common Units for the ten (10) trading days preceding the date of such
filing. 
 Section 2.07 Expenses. 

(a) Certain Definitions. “Registration Expenses” means all expenses incident to the Registrant’s
performance under or compliance with this Agreement to effect the registration of Registrable Securities in a Shelf Registration Statement pursuant to Section 2.01, a Piggyback Offering or Overnight Underwritten Offering pursuant to
Section 2.02, or an Underwritten Offering pursuant to Section 2.03, and the disposition of such securities, including, without limitation, all customary registration, filing and securities exchange listing fees, all customary
registration, filing, qualification and other fees and expenses related to compliance with state securities or “blue sky” laws, fees in connection with clearance by the Financial Industry Regulatory Authority, transfer agent and registrar
fees, all word processing, duplicating and printing expenses, the Registrant’s legal fees and fees of the Registrant’s independent public 

  
 15 

 
accountants, 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 (and similar fees or arrangements associated therewith) and transfer taxes allocable to the sale of the Registrable Securities. 

(b) Expenses. The Registrant will pay all reasonable Registration Expenses, regardless of whether sales of Registrable Securities
are made pursuant to the related registration statement. Except as otherwise provided in Section 2.08 or in a separate agreement between the Registrant and any Holder, the Registrant shall not be responsible for legal fees incurred by
the Unitholders in connection with the exercise of such Unitholders’ rights and obligations under this Agreement, or for any Selling Expenses. Each Participating Holder shall pay all Selling Expenses in connection with any sale of its
Registrable Securities except to the extent provided in a separate agreement between the Registrant and such Participating Holder. 

Section 2.08 Indemnification. 

(a) By the Registrant. In the event of a registration of any Registrable Securities under the Securities Act pursuant to this
Agreement, the Registrant will indemnify and hold harmless each Participating Holder thereunder, its directors, officers, employees, agents and managers, and each underwriter, pursuant to the applicable underwriting agreement with such underwriter,
of Registrable Securities thereunder and each Person, if any, who controls such Participating Holder or underwriter within the meaning of the Securities Act and the Exchange Act, and its directors, officers, employees, agents and managers, against
any losses, claims, damages, expenses or liabilities (including reasonable attorneys’ fees and expenses) (collectively, “Losses”), joint or several, to which such Participating Holder 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 contained in a Shelf Registration Statement or any other registration statement contemplated by this Agreement, any preliminary prospectus or final prospectus contained therein, or any free writing prospectus related
thereto, 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 the light of the circumstances under which they were made) not misleading, and will reimburse each such Participating Holder, its directors and officers, 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, that the Registrant 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 conformity with information furnished by such Participating Holder, such underwriter or such controlling Person in writing specifically
for use in the Shelf Registration Statement or such other registration statement, free writing prospectus or prospectus supplement, as applicable. Such indemnity shall remain in full force and effect regardless of any investigation made by or on
behalf of such Participating Holder or any such director, officer, employee, agent, manager or controlling Person, and shall survive the transfer of such securities by such Participating Holder. 

  
 16 

 (b) By Each Participating Holder. Each Participating Holder agrees to indemnify and
hold harmless the Registrant, its directors, officers, employees and agents and each Person, if any, who controls the Registrant within the meaning of the Securities Act or of the Exchange Act to the same extent as the foregoing indemnity from the
Registrant to the Participating Holders, but only with respect to information regarding such Participating Holder furnished in writing by or on behalf of such Participating Holder expressly for inclusion in a Shelf Registration Statement or any
other registration statement contemplated by this Agreement, any preliminary prospectus or final prospectus contained therein, or any free writing prospectus related thereto, or any amendment or supplement thereof; provided, that the
liability of each Participating Holder shall not be greater in amount than the dollar amount of the proceeds (net of Selling Expenses) received by such Participating Holder from the sale of the Registrable Securities giving rise to such
indemnification. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of the Registrant or any such director, officer, employee, agent, manager or controlling Person, and shall survive the
transfer of such securities by such Participating Holder. 
 (c) Notice. Promptly after any 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 indemnifying party written notice of such claim 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 be entitled to participate in and, to the extent it shall wish, 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, that, (i) if the indemnifying party has failed to assume the defense and employ counsel 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 out-of-pocket expenses and fees of such separate counsel and other reasonable out-of-pocket 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 by, the indemnified party; and the indemnified party shall not settle any indemnified claim without the written consent of the indemnifying party unless (i) such settlement is
entered into more than 45 days after receipt by such indemnifying party of a request by the indemnified party for reimbursement of reasonable fees and expenses of 

  
 17 

 
counsel, (ii) such indemnifying party shall have received notice of the terms of such settlement at least 30 days prior to such settlement being entered into and (iii) such indemnifying
party shall not have reimbursed such indemnified party in accordance with such request prior to the date of such settlement. 
 (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 which resulted in such Losses, as well as any other relevant equitable considerations;
provided, that in no event shall a Participating Holder be required to contribute an aggregate amount in excess of the dollar amount of gross proceeds received by such Participating 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 which 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. 
 (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 Registrant agrees to use its commercially reasonable efforts to: 

(a) make and keep public information regarding the Registrant available, as those terms are understood and defined in Rule 144 of 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 Registrant under the Securities Act and the Exchange Act at all times from and after the date hereof; and 

  
 18 

 (c) so long as a Holder owns any Registrable Securities, furnish, unless otherwise available at
no charge by access electronically to the Commission’s EDGAR filing system, to such Holder forthwith upon request (i) a copy of the most recent annual or quarterly report of the Registrant, and (ii) such other reports and documents so
filed with the Commission 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 Limitation on Subsequent Registration Rights. From and after the date of this Agreement, the Registrant shall not,
without the prior written consent of the Unitholders, enter into any agreement with any current or future holder of any securities of the Registrant that would allow such current or future holder to require the Registrant to include securities in
any Piggyback Offering or Overnight Underwritten Offering by the Registrant for its own account on a basis that is superior in any material respect to the Piggyback Offering rights granted to the Unitholders pursuant to Section 2.02 of
this Agreement. 
 ARTICLE III 

MISCELLANEOUS 

Section 3.01 Communications. All notices and demands provided for hereunder shall be in writing and shall be given by hand
delivery, electronic mail, registered or certified mail, return receipt requested, regular mail, facsimile or air courier guaranteeing overnight delivery to the following addresses: 

(a) If to Mr. Kos or Deylau: 

Deylau, LLC 
 Attn: Kristian Kos

 914 N. Broadway, Suite 230 

Oklahoma City, OK 73102 

Facsimile: (405) 323-3024 

with a copy (which shall not constitute notice) to: 

Crowe & Dunlevy 
 Attn:
James W. Larimore 
 20 N. Broadway, Suite 1800 

Oklahoma City, OK 73102 

Facsimile: (405) 272-5968 

(b) If to Mr. Tourian or Signature: 

Signature Investments, LLC 

Attn: Dikran Tourian 
 14001
McAuley Boulevard, Suite 170 
 Oklahoma City, OK 73134 

  
 19 

 with a copy (which shall not constitute notice) to: 

Crowe & Dunlevy 
 Attn:
James W. Larimore 
 20 N. Broadway, Suite 1800 

Oklahoma City, OK 73102 

Facsimile: (405) 272-5968 

(c) If to Mr. Pickelsimer: 

4700 Cemetery Road 
 Yukon,
Oklahoma 73099 
 (d) If to Mr. Armoudian: 

P.O. Box 938 
 Mounds, Oklahoma
74047 
 (e) If to the Registrant: 

c/o New Source Energy Partners L.P. 

914 North Broadway, Suite 230 

Oklahoma City, Oklahoma 73102 

Attention: Corporate Secretary 

Facsimile: (405) 272-3034 

with a copy (which shall not constitute notice) to: 

Vinson & Elkins L.L.P. 

First City Tower 
 1001 Fannin
Street, Suite 2500 
 Houston, Texas 77002 

Attention: Jeffery K. Malonson 

Facsimile: (713) 615-5627 
 All notices and
communications shall be deemed to have been duly given: (i) at the time delivered by hand, if personally delivered; (ii) when notice is sent to the sender that the recipient has read the message, if sent by electronic mail; (iii) upon
actual receipt if sent by registered or certified mail, return receipt requested, or regular mail, if mailed; (iv) upon actual receipt if received during recipient’s normal business hours, or at the beginning of the recipient’s next
Business Day if not received during recipient’s normal business hours, if sent by facsimile and confirmed by appropriate answer-back; and (v) upon actual receipt when delivered to an air courier guaranteeing overnight delivery. 

Section 3.02 Governing Law. The Laws of the State of Delaware shall govern this Agreement without regard to principles of conflict
of Laws. Any action against any party relating to the foregoing shall be brought in any federal or state court of competent jurisdiction located within the State of Delaware, and the parties hereto hereby irrevocably submit to the non-exclusive
jurisdiction of any federal or state court located within the State of Delaware over any 

  
 20 

 
such action. The parties hereby irrevocably waive, to the fullest extent permitted by applicable Law, any objection which they may now or hereafter have to the laying of venue of any such dispute
brought in such court or any defense of inconvenient forum for the maintenance of such dispute. Each of the parties hereto agrees that a judgment in any such dispute may be enforced in other jurisdictions by suit on the judgment or in any other
manner provided by Law. 
 Section 3.03 WAIVER OF JURY TRIAL. THE PARTIES TO THIS AGREEMENT EACH HEREBY WAIVE, AND AGREE TO
CAUSE THEIR AFFILIATES, TRANSFEREES AND ASSIGNEES TO WAIVE, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY RIGHT TO TRIAL BY JURY OF ANY CLAIM, DEMAND, ACTION OR CAUSE OF ACTION (i) ARISING UNDER THIS AGREEMENT OR (ii) IN ANY WAY CONNECTED
WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO IN RESPECT OF THIS AGREEMENT OR ANY OF THE TRANSACTIONS RELATED HERETO, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER IN CONTRACT, TORT, EQUITY OR OTHERWISE.
THE PARTIES TO THIS AGREEMENT EACH HEREBY AGREES AND CONSENTS THAT ANY SUCH CLAIM, DEMAND, ACTION OR CAUSE OF ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT A JURY AND THAT THE PARTIES TO THIS AGREEMENT MAY FILE AN ORIGINAL COUNTERPART OF A COPY OF
THIS AGREEMENT WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF THE PARTIES HERETO TO THE WAIVER OF THEIR RIGHT TO TRIAL BY JURY. 

Section 3.04 Successors and Assigns. Except as set forth in this Agreement, the provisions of this Agreement shall not be for the
benefit of, applicable to or enforceable by any transferee of Registrable Securities, and such transferee shall not be deemed to be a Holder for purposes of this Agreement. Subject to the preceding sentence, this Agreement shall be binding upon the
Registrant and each Unitholder. 
 Section 3.05 Severability. If any term or other provision of this Agreement is invalid,
illegal or incapable of being enforced by any applicable law or public policy, all other terms and provisions of this Agreement shall nevertheless remain in full force and effect so long as the economic or legal substance of the transactions
contemplated hereby is not affected in any manner materially adverse to any party to this Agreement. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the Governmental Authority making such
determination is authorized and instructed to modify this Agreement so as to effect the original intent of the parties as closely as possible in order that the transactions contemplated hereby are consummated as originally contemplated to the
fullest extent possible. 
 Section 3.06 Specific Performance. The Registrant recognizes that if the Registrant refuses to
perform under the provisions of this Agreement, monetary damages alone will not be adequate to compensate the Unitholders for their injury. The Unitholders shall therefore be entitled, in addition to any other remedies that may be available, to
obtain specific performance of the terms of this Agreement and to seek appropriate remedies in furtherance thereof, including injunctions, without the necessity of posing bond or proving actual damages. 

Section 3.07 Amendments. This Agreement may be amended only by means of a written amendment signed by the Registrant and the
Unitholders. 

  
 21 

 Section 3.08 No Affiliate Liability. The partners, members, officers, directors,
stockholders and Affiliates of the Unitholders, the Registrant or their respective Affiliates shall have no personal liability or obligation to any Person arising under this Agreement in such capacities. 

Section 3.09 Recapitalization, Exchanges Etc., Affecting Securities. The provisions of this Agreement shall apply, to the full
extent set forth herein with respect to the Registrable Securities and to any and all securities of the Registrant or any successor or assign of the Registrant that may be issued in respect of an conversion of, in exchange for, or in substitution
for Registrable Securities (whether by merger, consolidation, sale of assets or otherwise, including securities issued by a parent company in connection with a triangular merger) and shall be appropriately adjusted for any unit dividends, unit
splits, reverse unit splits, combinations, reclassifications and the like occurring after the date of this Agreement. 
 Section 3.10
Further Assurances. The Registrant and each of the Unitholders shall cooperate with each other and shall take such further action and shall execute and deliver such further documents as may be reasonably requested by any other party in order
to carry out the provisions and purposes of this Agreement. 
 Section 3.11 Entire Agreement. This Agreement contains the entire
agreement among the Registrant and each of the Unitholders with respect to the subject matter hereof and supersedes all prior agreements and understandings, oral or written, with respect to such matters. 

Section 3.12 Counterparts; Facsimile Signatures. This Agreement may be executed in multiple counterparts, each of which shall be
deemed an original of the Agreement, and all of which shall constitute the Agreement among each of the parties, notwithstanding that all of the parties are not signatories to the original or the same counterpart of the Agreement. Each party to this
Agreement acknowledges the effectiveness of, and agrees to accept, electronic or facsimile signatures of any other party for purposes of executing this Agreement. 

[Signature page follows.] 

  
 22 

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

			
	Registrant:
	
	New Source Energy Partners L.P.
		
	 By:
	 	 New Source Energy GP, LLC,
 its general
partner

		
	 By:
	 	/s/ Richard Finley
	 Name:
	 	Richard Finley
	 Title:
	 	Chief Financial Officer
	
	Unitholders:
	
	/s/ Kristian B. Kos
	Kristian B. Kos
	
	Deylau, LLC
		
	 By:
	 	/s/ Kristian Kos
	 Name:
	 	Kristian Kos
	 Title:
	 	Manager
	
	/s/ Dikran Tourian
	Dikran Tourian
	
	Signature Investments, LLC
		
	 By:
	 	/s/ Dikran Tourian
	 Name:
	 	Dikran Tourian
	 Title:
	 	Manager
	
	 /s/ Danny R. Pickelsimer

	 Danny R. Pickelsimer

	
	 /s/ Antranik Armoudian

	 Antranik Armoudian

 Signature Page to Registration Rights AgreementEX-10.1

 Exhibit 10.1 

Execution Version 

OPTION AGREEMENT 
 BY
AND AMONG 
 NEW SOURCE ENERGY PARTNERS L.P. 

(“HOLDER”) 

AND 
 KRISTIAN B. KOS

 DIKRAN TOURIAN 

SIGNATURE INVESTMENTS, LLC 

TORUS ENERGY SERVICES, LLC 

(“TORUS PARTIES”) 

November 12, 2013 

 TABLE OF CONTENTS 

 

							
	 ARTICLE I
	   

	 DEFINITIONS AND INTERPRETATIONS
	   

	 1.1
	 	Definitions	  	 	2	  
	 1.2
	 	Interpretations	  	 	2	  
	
	 ARTICLE II
	   

	 THE OPTION
	   

			
	 2.1
	 	The Option	  	 	2	  
	 2.2
	 	Option Exercise; Termination	  	 	2	  
	 2.3
	 	Consideration for MidCentral Services Interest	  	 	3	  
	 2.4
	 	Total Consideration Determination	  	 	3	  
	
	 ARTICLE III
	   

	 REPRESENTATIONS AND WARRANTIES OF TORUS
	   

			
	 3.1
	 	Organization and Qualification	  	 	4	  
	 3.2
	 	Absence of Conflicts; Consents	  	 	4	  
	 3.3
	 	Authority; Enforceability	  	 	5	  
	
	 ARTICLE IV
	   

	 REPRESENTATIONS AND WARRANTIES OF THE HOLDER
	   

			
	 4.1
	 	Organization; Qualification	  	 	5	  
	 4.2
	 	Authority; Enforceability	  	 	5	  
	 4.3
	 	Non-Contravention	  	 	6	  
	
	 ARTICLE V
	   

	 ADDITIONAL AGREEMENTS
	   

			
	 5.1
	 	Activities of MidCentral Services	  	 	6	  
	
	 ARTICLE VI
	   

	 GOVERNING LAW AND CONSENT TO JURISDICTION
	   

			
	 6.1
	 	Governing Law	  	 	7	  
	 6.2
	 	Submission to Jurisdiction	  	 	7	  
	 6.3
	 	Waiver Of Jury Trial	  	 	7	  
	
	 ARTICLE VII
	   

	 GENERAL PROVISIONS
	   

			
	 7.1
	 	Amendment	  	 	8	  
	 7.2
	 	Waiver; Remedies Cumulative	  	 	8	  
	 7.3
	 	Notices	  	 	8	  
	 7.4
	 	Assignment	  	 	9	  
	 7.5
	 	Third Party Beneficiaries	  	 	9	  
	 7.6
	 	Entire Agreement	  	 	9	  
	 7.7
	 	Severability	  	 	9	  

  
 i 

							
	 7.8
	 	Disclaimer	  	 	9	  
	 7.9
	 	Representation by Counsel	  	 	9	  
	 7.10
	 	Counterparts	  	 	10	  

  
 ii 

 OPTION AGREEMENT 

This OPTION AGREEMENT (this “Agreement”), dated as of November 12, 2013 (the “Execution
Date”), is made and entered into by and among New Source Energy Partners L.P., a Delaware limited partnership (the “Partnership” or “Holder”), and Kristian B. Kos, an individual residing
in Oklahoma City, Oklahoma (“Mr. Kos”), Dikran Tourian, an individual residing in Edmond, Oklahoma (“Mr. Tourian”), Signature Investments, LLC, an Oklahoma limited liability company
(“Signature”, and collectively with Mr. Kos and Mr. Tourian, the “Torus Owners”), and Torus Energy Services, LLC, an Oklahoma limited liability company (“Torus” and,
collectively with the Torus Owners, the “Torus Parties” and each individually a “Torus Party”). 

Each of the parties to this Agreement is sometimes referred to individually in this Agreement as a “Party” and all of
the parties to this Agreement are sometimes collectively referred to in this Agreement as the “Parties.” 
 R E C
I T A L S 
 WHEREAS, reference is hereby made to that certain Contribution Agreement, dated as of November 12, 2013, by and among
the Partnership and Mr. Kos, Mr. Tourian, Danny R. Pickelsimer, an individual residing in Yukon, Oklahoma, Antranik Armoudian, an individual residing in Tulsa, Oklahoma, Deylau, LLC, a Delaware limited liability company, Signature and MCE,
LLC, a Delaware limited liability company (the “MCE Contribution Agreement”); 
 WHEREAS, Mr. Tourian is the
sole member of Signature; 
 WHEREAS, Signature and Mr. Kos are all of the members of Torus; 

WHEREAS, Torus owns all of the outstanding limited liability company membership interests in MidCentral Completion Services, LLC, an Oklahoma
limited liability company (“MidCentral Services”); 
 WHEREAS, subject to the terms and conditions set forth herein,
Torus desires to grant the Holder the right to require Torus to cause all of the outstanding limited liability company interests in MidCentral Services (the “MidCentral Services Interest”) to be contributed to the Holder and,
assigned, transferred and delivered to MCE, LP, a Delaware limited partnership (“MCE”), in exchange for the consideration set forth herein; 

A G R E E M E N T S 
 NOW,
THEREFORE, in consideration of the foregoing and the respective representations, warranties, agreements and covenants contained in this Agreement, and other good and valuable consideration, the receipt and legal sufficiency of which are hereby
acknowledged, the Parties undertake and agree as follows: 

  
 1 

 ARTICLE I 

DEFINITIONS AND INTERPRETATIONS 

1.1 Definitions. Capitalized terms used in this Agreement but not defined in the body of this Agreement shall have the meanings
ascribed to them in Exhibit A. Capitalized terms defined in the body of this Agreement are listed in Exhibit A with reference to the location of the definitions of such terms in the body of this Agreement. 

1.2 Interpretations. In this Agreement, unless a clear contrary intention appears: (a) the singular includes the plural and
vice versa; (b) reference to a Person includes such Person’s successors and assigns but, in the case of a Party, only if such successors and assigns are permitted by this Agreement, and reference to a Person in a particular capacity
excludes such Person in any other capacity; (c) reference to any gender includes each other gender; (d) references to any Exhibit, Schedule, Section, Article, Annex, subsection and other subdivision refer to the corresponding Exhibits,
Schedules, Sections, Articles, Annexes, subsections and other subdivisions of this Agreement unless expressly provided otherwise; (e) references in any Section or Article or definition to any clause means such clause of such Section, Article or
definition; (f) “hereunder,” “hereof,” “hereto” and words of similar import are references to this Agreement as a whole and not to any particular provision hereof; (g) the word “or” is not exclusive,
and the word “including” (in its various forms) means including without limitation; (h) each accounting term not otherwise defined in this Agreement has the meaning commonly applied to it in accordance with GAAP; (i) references
to “days” are to calendar days; and (j) all references to money refer to the lawful currency of the United States. Article and Section titles and headings in this Agreement are inserted for convenience of reference only and are not
intended to be a part of, or to affect the meaning or interpretation of, this Agreement. 
 ARTICLE II 

THE OPTION 
 2.1 The
Option. Torus hereby grants to the Holder the right and option to cause Torus (and the Torus Owners shall cause Torus) to contribute to the Holder and assign, transfer and deliver to MCE, on the terms and conditions hereinafter set forth,
all, but not less than all, of the MidCentral Services Interest (the “Option”). If the Option is exercised in accordance with Section 2.2, Torus shall (and the Torus Owners shall cause Torus to), in accordance
with the terms of this Agreement, assign, transfer and deliver the MidCentral Services Interest to MCE. The Holder acknowledges and agrees that it shall have the right to acquire the MidCentral Services Interest exclusively through MCE. 

2.2 Option Exercise; Termination. 

(a) Subject to Section 2.2(b) below, the Holder shall have the right to exercise the Option any time within 60 days of the
occurrence of a Tax Event (the “Exercise Period”). In order to exercise the Option, the Holder must provide written notice (the “Exercise Notice”) of its intent to exercise the Option to Torus during
the Exercise Period. At any time prior to the expiration of the Exercise Period the Holder may, by providing written notice to Torus, withdraw its Exercise Notice. 

  
 2 

 (b) If not properly exercised pursuant to Section 2.2(a), the Option and this
Agreement shall automatically terminate on the earlier of (i) the day following the expiration of the Exercise Period and (ii) May 31, 2015, in either such case without any action by any Person. 

2.3 Consideration for MidCentral Services Interest. The consideration to be delivered by the Holder to Torus in exchange for the
contribution, assignment, transfer and delivery of the MidCentral Services Interest to the Holder shall consist of (a) a number of Common Units issued to Torus (or to the Torus Owners if requested by Torus) equal to the Initial Consideration as
set forth in, and paid in accordance with, Section 2.4 below, plus (b) an additional number of Common Units issued to Torus (or to the Torus Owners if requested by Torus) equal to the Earn-out Consideration as set forth in, and paid
in accordance with, Section 2.4 below (collectively, the “Total Consideration”). 
 2.4 Total
Consideration Determination.  
 (a) If the Holder elects to exercise the Option by delivering the Exercise Notice in
accordance with Section 2.2(a), then, not later than five (5) Business Days following the date on which the Exercise Notice is provided (the “Exercise Date”), Torus shall deliver to the Holder its calculation
of the “Initial Consideration,” determined in good faith, calculated as the amount equal to: 5.0 times the EBITDA attributed to MidCentral Services for the quarter ended March 31, 2014, on an annualized basis,
less the Net Debt of MidCentral Services. 
 (b) Following the Holder’s receipt of Torus’s calculation of the Initial
Consideration, the Holder and the Torus Parties shall negotiate in good faith a contribution or similar agreement related to the conveyance of the MidCentral Services Interest (the “MidCentral Services Contribution
Agreement”), with terms and provisions substantially similar to those contained in the MCE Contribution Agreement. In addition to the payment of the Initial Consideration, the Contribution Agreement shall provide for a contingent
earn-out payment to be made to Torus (or to the Torus Owners if requested by Torus) equal to: 5.0 times the EBITDA attributed to MidCentral Services for the nine months ended March 31, 2015, on an annualized basis, less
(i) the Initial Consideration and (ii) any Partnership Investments for the period from the Closing Date through March 31, 2015 (the “Earn-out Consideration”). The MidCentral Services Contribution Agreement
shall also include customary provisions regarding consummation of the conveyance of the MidCentral Services Interest. 
 (c) On the Closing
Date, the Holder shall issue to Torus (or to the Torus Owners if requested by Torus, in accordance with such allocation as Torus shall specify) a number of Common Units equal to the Initial Consideration divided by the Volume Weighted Average Price
of the Common Units for the twenty (20) Trading Days ending one Trading Day prior to the Closing Date (the “Initial Common Unit Consideration”). 

(d) On or before May 1, 2015, the Holder shall issue to Torus (or to the Torus Owners if requested by Torus, in accordance with such
allocation as Torus shall specify) a number of Common Units equal to the Earn-out Consideration divided by the Volume Weighted Average Price of the Common Units for the twenty (20) Trading Days ending three Trading Days prior to the date of
such payment (the “Earn-out Common Unit Consideration” and, collectively with the Initial Common Unit Consideration, the “Common Unit Consideration”). 

  
 3 

 (e) Notwithstanding the foregoing, if between the date of this Agreement and the date of payment
of any portion of the Common Unit Consideration pursuant to Sections 2.4(c) and 2.4(d) above, the Common Units shall have been changed into a different number of shares or units or a different class or an equity interest in another
Person, by reason of any distribution (but excluding any quarterly cash distribution paid by the Holder to its unitholders), subdivision, reclassification, recapitalization, split, combination, exchange of shares or units, merger, consolidation or
similar transaction (a “Fundamental Transaction”), the Common Unit Consideration shall be appropriately adjusted in the reasonable discretion of the Holder to reflect such event. Notwithstanding the foregoing, if in a
Fundamental Transaction the Common Units are changed into cash, property or securities that are not listed for trading on a U.S. national or regional securities exchange, the Common Unit Consideration shall be deemed to be the Total Consideration
and shall be payable entirely in cash. 
 (f) The Common Units to be issued under this Section 2.4 will, when issued, be validly
issued, fully paid and nonassessable and will be issued by the Holder free of any Liens and restrictions on transfer other than restrictions on transfer under the Securities Act. 

ARTICLE III 

REPRESENTATIONS AND WARRANTIES OF TORUS 

Each Torus Party hereby severally, and not jointly, represents and warrants to the Holder, as follows: 

3.1 Organization and Qualification. MidCentral Services is a legal entity duly organized, validly existing and in good standing
under the Laws of the jurisdiction of its organization, has all requisite organizational power and authority to own, lease and operate its properties and to carry on its business as it is now being conducted and is duly qualified and in good
standing to do business as a foreign entity in each jurisdiction in which the nature of the business conducted by it or the ownership, leasing or operating of its properties makes such qualification necessary, other than any failure to be so
qualified in any such foreign jurisdiction as would not have a Torus Material Adverse Effect. 
 3.2 Absence of Conflicts;
Consents. 
 (a) The execution and delivery by such Torus Party of this Agreement does not, and the consummation of the transactions
contemplated hereby and the compliance by such Torus Party with any of the provisions hereof does not and will not, (i) constitute a default (or an event that, with notice or lapse of time or both, would give rise to a default) under, give rise
to any right of termination, cancellation, amendment or acceleration of, require payments under, or create in any party additional or greater rights or benefits under, or result in the creation of a Lien on any of the properties or assets of such
Torus Party, with respect to any Contract or other obligation to which such Torus Party is party or by which such Torus Party or any of its assets or properties is bound or subject, except for such defaults, rights of termination, cancellation,
amendment or acceleration, or Liens that would not reasonably be expected to have a material adverse effect on the ability of such Torus Party to perform its obligations under this Agreement or (ii) conflict with or violate in any material
respect any Law applicable to or binding on such Torus Party or by which any of such Torus Party’s assets or properties is bound or subject. 

  
 4 

 (b) The execution and delivery by the Torus Parties of this Agreement does not, and consummation
of the transactions contemplated hereby and the compliance by such Torus Party with any of the provisions hereof does not and will not, require such Torus Party to obtain any consent, license, permit, approval, waiver, authorization or order of, or
to make any filing with or notification to, any Governmental Authority or third Person. 
 3.3 Authority; Enforceability. 

(a) Such Torus Party has the legal capacity and authority to execute and deliver this Agreement and to perform its obligations hereunder and to
consummate the transactions contemplated hereby. 
 (b) This Agreement has been duly executed and delivered by such Torus Party, and,
assuming the due authorization, execution and delivery hereof by each party hereto other than such Torus Party that is a party hereto, this Agreement constitutes the legal, valid and binding obligation of such Torus Party, enforceable against such
Torus Party in accordance with its respective terms, except as enforcement of this Agreement may be limited by applicable bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium or other similar Laws relating to or affecting the
enforcement of creditors’ rights generally and subject, as to enforceability, to legal principles of general applicability governing the availability of equitable remedies (whether enforcement is sought in a proceeding in equity or at law)
(collectively, “Creditors’ Rights”). 
 ARTICLE IV 

REPRESENTATIONS AND WARRANTIES OF THE HOLDER 

The Holder hereby represents and warrants to the Torus Parties as follows: 

4.1 Organization; Qualification. The Holder is a legal entity duly organized, validly existing and in good standing under the
Laws of the state of Delaware, has all requisite organizational power and authority to own, lease and operate its properties and to carry on its business as it is now being conducted and is duly qualified and in good standing to do business as a
foreign entity in each jurisdiction in which the nature of the business conducted by it or the ownership, leasing or operating of its properties makes such qualification necessary, other than any failure to be so qualified in any such foreign
jurisdiction as would not result in a Holder Material Adverse Effect. 
 4.2 Authority; Enforceability. 

(a) The Holder has all requisite power, capacity and authority to execute and deliver this Agreement and to perform its obligations hereunder
and to consummate the transactions contemplated hereby. The execution, delivery and performance by the Holder of this Agreement and the consummation by the Holder of the transactions contemplated hereby have been duly authorized by all necessary
action on the part of the Holder and no other proceedings on the part of the Holder are necessary to authorize this Agreement or to consummate the transactions contemplated hereby. 

  
 5 

 (b) This Agreement has been duly executed and delivered by the Holder, and, assuming the due
authorization, execution and delivery hereof by each party hereto other than the Holder, this Agreement constitutes the legal, valid and binding obligation of the Holder, enforceable against the Holder in accordance with its terms, except as
enforcement of this Agreement may be limited by Creditors’ Rights. 
 4.3 Non-Contravention. 

(a) The execution and delivery by the Holder of this Agreement does not, and the consummation of the transactions contemplated hereby and the
compliance by the Holder with any of the provisions hereof does not and will not (i) conflict with or violate the Organizational Documents of the Holder, (ii) constitute a default (or an event that, with notice or lapse of time or both,
would give rise to a default) under, give rise to any right of termination, cancellation, amendment or acceleration of, require payments under, or create in any party additional or greater rights or benefits under, or result in the creation of a
Lien on any of the properties or assets of the Holder, with respect to any Contract or other obligation to which the Holder is a party or by which the Holder or any of its assets or properties is bound or subject, except for any such defaults,
rights of termination, cancellation, amendment, or acceleration, payments, rights or Liens that would not reasonably be expected to have an adverse effect on the ability of the Holder to perform its obligations under this Agreement or
(iii) conflict with or violate in any material respect any Law applicable to or binding on the Holder or by which the Holder’s assets or properties are bound or subject, except for any such violations that would not reasonably be expected
to have an adverse effect on the ability of the Holder to perform its obligations under this Agreement. 
 (b) None of (i) the execution
and delivery by the Holder of this Agreement, (ii) the consummation of the transactions contemplated by this Agreement or (iii) compliance by the Holder with the provisions of this Agreement will require the Holder to obtain any consent,
license, permit, approval, waiver, authorization or order of, or to make any filing with or notification to, any Governmental Authority or third Person. 

ARTICLE V 
 ADDITIONAL
AGREEMENTS 
 5.1 Activities of MidCentral Services. Except with the prior written consent of the Holder, for the period
from the date hereof through the earlier of the Closing Date and May 31, 2015, Torus shall not: 
 (a) permit MidCentral Services to
merge or consolidate with or into any other Person; 
 (b) permit MidCentral Services to sell, exchange or otherwise dispose of all, or
substantially all, of MidCentral Services’ assets in one transaction or a series of related transactions, unless in either case the purchaser thereof expressly agrees in writing to assume all of the Torus Parties’ obligations under
Article II; or 
 (c) sell, exchange or otherwise dispose of all, or substantially all, of the MidCentral Services Interest other than
to an Affiliate of the Holder, unless in either case the purchaser thereof expressly agrees in writing to assume all of the Torus Parties’ obligations under Article II. 

  
 6 

 ARTICLE VI 

GOVERNING LAW AND CONSENT TO JURISDICTION 

6.1 Governing Law. THIS AGREEMENT SHALL BE INTERPRETED AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF OKLAHOMA,
WITHOUT GIVING EFFECT TO PRINCIPLES OF CONFLICTS OF LAWS OR PRINCIPLES THAT MIGHT REFER THE GOVERNANCE OR CONSTRUCTION OF THIS AGREEMENT TO THE LAW OF ANOTHER JURISDICTION. 

6.2 Submission to Jurisdiction. ALL JUDICIAL PROCEEDINGS BROUGHT AGAINST ANY PARTY ARISING OUT OF OR RELATING TO THIS AGREEMENT
SHALL BE BROUGHT EXCLUSIVELY IN THE COURTS OF THE STATE OF OKLAHOMA SITTING IN THE CITY OF OKLAHOMA CITY, OKLAHOMA AND THE UNITED STATES DISTRICT COURT FOR THE WESTERN DISTRICT OF OKLAHOMA SITTING IN THE CITY OF OKLAHOMA CITY, OKLAHOMA, AND THE
APPROPRIATE APPEALS COURTS THEREFROM. SUBJECT TO THE PROVISO IN THE IMMEDIATELY PRECEDING SENTENCE, BY EXECUTING AND DELIVERING THIS AGREEMENT, EACH PARTY HERETO, FOR ITSELF AND IN CONNECTION WITH ITS PROPERTIES, IRREVOCABLY (A) ACCEPTS
GENERALLY AND UNCONDITIONALLY THE EXCLUSIVE JURISDICTION AND VENUE OF SUCH COURTS; (B) WAIVES ANY DEFENSE OF FORUM NON CONVENIENS; AND (C) AGREES THAT SERVICE OF ALL PROCESS IN ANY SUCH PROCEEDING IN ANY SUCH COURT MAY BE MADE BY NOTICE TO
THE APPLICABLE PARTY AT ITS ADDRESS PROVIDED IN ACCORDANCE WITH SECTION 7.3, IS SUFFICIENT TO CONFER PERSONAL JURISDICTION OVER THE APPLICABLE PARTY IN ANY SUCH PROCEEDING IN ANY SUCH COURT, AND OTHERWISE CONSTITUTES EFFECTIVE AND BINDING
SERVICE IN EVERY RESPECT. NOTHING CONTAINED IN THIS SECTION 6.2 SHALL PREVENT ANY PARTY FROM SEEKING INJUNCTIVE RELIEF FOR ANY BREACH OF THIS AGREEMENT IN ANY OTHER COURT THAT HAS JURISDICTION OVER THE MATTER THAT IS REASONABLY NECESSARY TO
OBTAIN SUCH RELIEF. 
 6.3 Waiver Of Jury Trial. EACH OF THE PARTIES HERETO HEREBY WAIVES TO THE FULLEST EXTENT PERMITTED BY
APPLICABLE LAW ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY WITH RESPECT TO ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. EACH OF THE PARTIES HEREBY
(A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT
IT HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT, AS APPLICABLE, BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS CONTAINED IN THIS SECTION 6.3. 

  
 7 

 ARTICLE VII 

GENERAL PROVISIONS 
 7.1
Amendment. This Agreement may not be amended, modified or supplemented except by an instrument in writing signed by all of the Parties. 

7.2 Waiver; Remedies Cumulative. No waiver or consent by any Party to or of any breach by any other Party of its obligations
hereunder shall be deemed or construed to be a consent or waiver to or of any other breach by such other Party of the same or any other obligations of such other Party hereunder. Failure on the part of a Party to complain of any breach by any other
Party, irrespective of how long such failure continues, shall not constitute a waiver by such Party of its rights hereunder until the applicable statute of limitations period has run. Any such waiver or consent shall be valid only if set forth in an
instrument in writing signed by the Party or Parties to be bound thereby. No waiver by any of the Parties of any of the provisions hereof shall be effective unless explicitly set forth in writing and executed by the Party sought to be charged with
such waiver. All rights and remedies existing under this Agreement are cumulative to, and not exclusive to, and not exclusive of, any rights or remedies otherwise available. 

7.3 Notices. Any notice, demand or communication required or permitted under this Agreement shall be in writing and delivered
personally, by reputable overnight delivery service or other courier or by certified mail, postage prepaid, return receipt requested, and shall be deemed to have been duly given (a) as of the date of delivery if delivered personally or by
overnight delivery service or other courier or (b) on the date receipt is acknowledged if delivered by certified mail, addressed as follows: 

(a) If to the Holder, to: 
 New
Source Energy Partners L.P. 
 914 N. Broadway Avenue, Suite 230 

Oklahoma City, Oklahoma 73101 

Phone: (405) 272-3028 
 Fax:
(405) 272-3034 
 Attention: Richard D. Finley 

with copies to: 
 New Source
Energy GP, LLC 
 c/o New Source Energy Partners L.P. 

914 N. Broadway Avenue, Suite 230 

Oklahoma City, Oklahoma 73101 

Phone: (405) 272-3028 
 Fax:
(405) 272-3034 
 Attention: Richard D. Finley 

(b) If to any Torus Party, to such Torus Party at the address set forth under such Torus Party’s name on Schedule 2.4. 

  
 8 

 7.4 Assignment. This Agreement shall not be transferred or assigned by the Holder
without the consent of Mr. Tourian and Mr. Kos or by any of the Torus Parties without the consent of the Holder, except that the Holder may transfer or assign in whole or from time to time in part, to one or more of its respective
Affiliates, its rights or obligations under this Agreement, but no such transfer or assignment will relieve the Holder of its obligations under this Agreement. 

7.5 Third Party Beneficiaries. This Agreement is solely for the benefit of the Parties and their successors and assigns permitted
under this Agreement, and no provision of this Agreement shall be deemed to confer upon any other Person any remedy, Claim, liability, reimbursement, cause of action or other right except as expressly provided herein. 

7.6 Entire Agreement. This Agreement constitutes the entire agreement of the Parties with respect to the subject matter hereof
and supersedes all prior agreements, expressions of interest and undertakings, both written and oral, among the Parties or between any of them, with respect to the subject matter hereof. 

7.7 Severability. If any provision of this Agreement or the application of any such provision to any Person or circumstance shall
be declared by any court of competent jurisdiction to be invalid, illegal, void or unenforceable in any respect, all other provisions of this Agreement, or the application of such provision to Persons or circumstances other than those as to which it
has been held invalid, illegal, void or unenforceable, shall nevertheless remain in full force and effect and will in no way be affected, impaired or invalidated thereby. Upon such determination that any provision, or the application of any such
provision, is invalid, illegal, void or unenforceable, the Parties shall negotiate in good faith to modify this Agreement so as to effect the original intent of the Parties as closely as possible to the fullest extent permitted by applicable Law in
an acceptable manner to the end that the transactions contemplated hereby are fulfilled to the greatest extent possible. 
 7.8
Disclaimer. The representations and warranties set forth in Article III constitute the sole and exclusive representations and warranties of the Torus Parties under this Agreement. The representations and warranties set forth in
Article IV constitute the sole and exclusive representations and warranties of the Holder under this Agreement. Notwithstanding anything to the contrary, except for such representations and warranties (in each case as modified by the
disclosure schedules hereto) no Party or any other Person makes any other representation or warranty, express or implied, at law or in equity under this Agreement and each Party disclaims any other representations or warranties, whether made by such
Party or any of its Affiliates or counsel, accountants, advisors or other representatives, and each Party disclaims all liability and responsibility for any such representation or warranty, or for any projections, forecasts, estimates or budgets
heretofore communicated, delivered to, made available or furnished to (orally or in writing) any other Party or its Affiliates or counsel, accountants, advisors or other representatives. Each Party hereby acknowledges and agrees to the foregoing
disclaimer. 
 7.9 Representation by Counsel. Each of the Parties agrees that it has been represented by independent counsel of
its choice during the negotiation and execution of this Agreement and the documents referred to herein, and that it has executed the same upon the advice of such independent counsel. Each Party and its counsel cooperated in the drafting and

  
 9 

 
preparation of this Agreement and the documents referred to herein, and any and all drafts relating thereto shall be deemed the work product of the Parties and may not be construed against any
Party by reason of its preparation. Therefore, the Parties waive the application of any Law providing that ambiguities in an agreement or other document will be construed against the Party drafting such agreement or document. 

7.10 Counterparts. This Agreement may be executed in any number of counterparts with the same effect as if all Parties had signed
the same document. All counterparts shall be construed together and shall constitute one and the same instrument. Execution and delivery of this Agreement by exchange of facsimile or other electronically transmitted counterparts bearing the
signature of a Party shall be equally as effective as delivery of a manually executed counterpart by such Party. 
 [Signature page
follows] 

  
 10 

 IN WITNESS WHEREOF, each of the Parties has caused this Agreement to be executed by its
respective duly authorized officers as of the date first above written. 
  

			
	HOLDER:
	
	New Source Energy Partners L.P.
		
	By:	 	New Source Energy GP, LLC,
		 	its general partner
		
	By:	 	 /s/ Richard Finley

	Name:	 	Richard Finley
	Title:	 	Chief Financial Officer

  
 SIGNATURE
PAGE 1 of 2 TO 
 OPTION AGREEMENT 

			
	TORUS PARTIES:
	
	 /s/ Kristian B. Kos

	KRISTIAN B. KOS
	
	 /s/ Dikran Tourian

	DIKRAN TOURIAN
	
	SIGNATURE INVESTMENTS, LLC
		
	By:	 	 /s/ Dikran Tourian

	Name:	 	Dikran Tourian
	Title:	 	Manager
	
	TORUS ENERGY SERVICES, LLC
		
	By:	 	 /s/ Dikran Tourian

	Name:	 	Dikran Tourian
	Title:	 	Manager

  
 SIGNATURE
PAGE 2 of 2 TO 
 OPTION AGREEMENT 

 EXHIBIT A 

“Affiliate” means a Person that directly, or indirectly through one or more intermediaries, Controls, or is Controlled
by, or is under Common control with, a specified Person. 
 “Agreement” is defined in the preamble to this
Agreement. 
 “Business Day” means any day that is not a Saturday, Sunday or other day on which commercial banks in
the State of Texas are authorized or obligated to be closed by applicable Laws. 
 “Closing Date” means the date of
closing pursuant to the MidCentral Services Contribution Agreement. 
 “Code” is defined as the Internal Revenue
Code of 1986, as amended. 
 “Contract” means any written agreement, lease, license, note, evidence of indebtedness,
mortgage, security agreement, understanding, instrument or other legally binding arrangement. 
 “Control” means,
where used with respect to any Person, the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of such Person, whether through ownership of Voting Interests, by contract or otherwise, and
the terms “Controlling” and “Controlled” have correlative meanings. 
 “Creditors’ Rights”
is defined in Section 3.3(b). 
 “Earn-out Common Unit Consideration” is defined in
Section 2.4(d). 
 “Earn-out Consideration” is defined in Section 2.4(b). 

“EBITDA” is defined as earnings before interest expense, income taxes and depreciation, depletion and amortization.

 “Execution Date” is defined in the preamble to this Agreement. 

“Exercise Date” is defined in Section 2.4(a). 

“Exercise Notice” is defined in Section 2.2(a). 

“Exercise Period” is defined in Section 2.2(a) 

“Fundamental Transaction” is defined in Section 2.4(e). 

“GAAP” means generally accepted accounting principles in the United States of America. 

“Governmental Authority” means any executive, legislative, judicial, regulatory or administrative agency, body,
commission, department, board, court, tribunal, arbitrating body or authority of the United States or any foreign country, or any state, local or other governmental subdivision thereof. 

  
 Exhibit A - 1 

 “Holder” is defined in the preamble to this Agreement. 

“Holder Material Adverse Effect” means any change, effect, event or occurrence that, individually or in the aggregate
with all other changes, effects, events or occurrences, is or would reasonably be expected to become materially adverse to the financial condition, results of operations, business, properties or assets of the Holder and its Subsidiaries, taken as a
whole; provided that in determining whether any such change, effect, event or occurrence has occurred, changes, effects, events or occurrences relating to, resulting from or arising out of (a) the announcement of the transactions contemplated
by this Agreement, (b) general economic or industry conditions (including any change in the prices of electricity, oil, natural gas, natural gas liquids or other hydrocarbon products) but only to the extent such change or changes has not had,
and could not reasonably be expected to have, a disproportionate effect on the Holder and its Subsidiaries, taken as a whole, (c) national or international political or social conditions, including the engagement of the United States in
hostilities, whether or not pursuant to the declaration of a national emergency or war, or the occurrence of any military or terrorist attack upon the United States, or any of its territories, possessions or diplomatic or consular offices or upon
any military installation, equipment or personnel of the United States or (d) any actions by the Holder required or permitted pursuant to this Agreement or the taking or not taking of any actions at the request of, or the consent of, Torus,
shall be excluded from such determination 
 “Initial Common Unit Consideration” is defined in
Section 2.4(c). 
 “Initial Consideration” is defined in Section 2.4(a). 

“Law” means any law, statute, code, ordinance, order, rule, rule of common law, regulation, judgment, decree,
injunction, franchise, permit, certificate, license or authorization of any Governmental Authority. 
 “Lien” means,
with respect to any property or asset, (a) any mortgage, pledge, security interest, lien or other similar property interest or encumbrance in respect of such property or asset, and (b) any easements, rights-of-way, restrictions,
restrictive covenants, rights, leases and other encumbrances on title to real or personal property (whether or not of record). 

“MCE” is defined in the recitals to this Agreement. 

“MCE Contribution Agreement” is defined in the recitals to this Agreement. 

“MidCentral Services” is defined in the recitals to this Agreement. 

“MidCentral Services Interest” is defined in the recitals to this Agreement. 

“Mr. Kos” is defined in the preamble to this Agreement. 

“Mr. Tourian” is defined in the preamble to this Agreement. 

  
 Exhibit A - 2 

 “Net Debt” means all of the borrowings under MidCentral Services’
working capital facilities and any equipment loans outstanding, less MidCentral Services’ net working capital on the Exercise Date. 

“NYSE” means the New York Stock Exchange. 

“Option” is defined in Section 2.1. 

“Organizational Documents” means, with respect to any Person, the articles of incorporation, certificate of
incorporation, certificate of formation, certificate of limited partnership, bylaws, limited liability company agreement, operating agreement, partnership agreement, stockholders’ agreement and all other similar documents, instruments or
certificates executed, adopted or filed in connection with the creation, formation or organization of such Person, including any amendments thereto. 

“Partnership Investments” means, any amount (a) contributed by the Holder to MidCentral Services or (b) paid
by the Holder, on behalf of or with respect to MidCentral Services, including but not limited to any liabilities of MidCentral Services or its Subsidiaries paid by the Holder on behalf of MidCentral Services or its Subsidiaries (excluding the
Initial Consideration), which for these purposes shall be deemed contributed to MidCentral Services. 
 “Party” and
“Parties” are defined in the preamble of this Agreement. 
 “Person” means any natural
person, corporation, limited partnership, general partnership, limited liability company, joint stock company, joint venture, association, company, estate, trust, bank trust company, land trust, business trust, or other organization, whether or not
a legal entity, custodian, trustee-executor, administrator, nominee or entity in a representative capacity and any Governmental Authority. 

“Proceeding” means any civil, criminal or administrative actions, suits, investigations or other proceedings. 

“Qualifying Income Exception” means that a publicly-traded limited liability company or partnership may be treated as
a partnership, instead of a corporation, for federal income tax purposes pursuant to Section 7704 of the Code. Qualifying income includes (1) income and gains derived from the exploration, development, mining or production, processing,
refining, transportation, and marketing of any mineral or natural resource (such as the exploration and production of oil and natural gas), (2) interest (other than from a financial business), (3) dividends, (4) gains from the sale of
real property and (5) gains from the sale or other disposition of capital assets held for the production of qualifying income. 

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

 “Signature” is defined in the preamble to this Agreement. 

“Subsidiary” means, with respect to any Person, any corporation, limited liability company, partnership, association
or other business entity of which a majority of the Voting Interests are at the time owned or Controlled, directly or indirectly, by that Person or one or more of the other Subsidiaries of that Person or a combination thereof. 

  
 Exhibit A - 3 

 “Tax Event” means the receipt of a favorable Private Letter Ruling from
the United States Internal Revenue Service finding that the gross income generated by MidCentral Services falls within the Qualifying Income Exception of the Code, provided that, such favorability shall be determined in the sole discretion of
the Holder. 
 “Torus” is defined in the preamble to this Agreement. 

“Torus Material Adverse Effect” means any change, effect, event or occurrence that, individually or in the aggregate
with all other changes, effects, events or occurrences, is or would reasonably be expected to become materially adverse to the financial condition, results of operations, business, properties or assets of MidCentral Services; provided that in
determining whether a Material Adverse Effect has occurred, changes, effects, events or occurrences relating to, resulting from or arising out of (a) the announcement of the transactions contemplated by this Agreement, (b) general economic
or industry conditions (including any change in the prices of electricity, oil, natural gas, natural gas liquids or other hydrocarbon products) but only to the extent such change or changes has not had, and could not reasonably be expected to have,
a disproportionate effect MidCentral Services, (c) national or international political or social conditions, including the engagement of the United States in hostilities, whether or not pursuant to the declaration of a national emergency or
war, or the occurrence of any military or terrorist attack upon the United States, or any of its territories, possessions or diplomatic or consular offices or upon any military installation, equipment or personnel of the United States or
(d) any actions by any of the Torus Parties or MidCentral Services required or permitted pursuant to this Agreement or the taking or not taking of any actions at the request of, or the consent of, the Holder, shall be excluded from such
determination. 
 “Torus Owner” is defined in the preamble to this Agreement. 

“Torus Party” is defined in the preamble to this Agreement. 

“Total Consideration” is defined in Section 2.3. 

“Trading Day” means any day on which Common Units are traded on the NYSE (or the principal securities exchange on
which Common Units are then traded). 
 “Volume Weighted Average Price” with respect to the Common Units on any
Trading Day means the per unit volume weighted average price as displayed under the heading “Bloomberg VWAP” on Bloomberg Page NSLP<equity>AQR (or its equivalent successor if such page is not available) in respect of the period from
9:30 a.m. to 4:00 p.m., New York City time, on such Trading Day or, if such Volume Weighted Average Price is unavailable or such page or its equivalent is unavailable, the volume weighted average price of each trade in the Common Units during such
Trading Day between 9:30 a.m. and 4:00 p.m., New York City time, on the NYSE or, if the Volume Weighted Average Price is unavailable from the above-referenced sources, as calculated by a nationally recognized independent investment banking firm
retained for this purpose by Acquirer, such calculation to be made in a manner consistent with the manner in which “Volume Weighted Average Price” would have been determined by Bloomberg. 

  
 Exhibit A - 4 

 “Voting Interests” of any Person as of any date means the equity
interests of such Person pursuant to which the holders thereof have the general voting power under ordinary circumstances to elect at least a majority of the board of directors, managers, general partners or trustees of such Person (regardless of
whether, at the time, equity interests of any other class or classes shall have, or might have, voting power by reason of the occurrence of any contingency) or, with respect to a partnership (whether general or limited), any general partner interest
in such partnership. 

  
 Exhibit A - 5

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00223-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00223-of-00352.parquet"}]]