Document:

EX-10.1

 Exhibit 10.1 

COMMON UNIT PURCHASE AGREEMENT 

by and among 
 NOBLE
MIDSTREAM PARTNERS LP 
 and 

THE PURCHASERS NAMED ON SCHEDULE A HERETO 
  

 TABLE OF CONTENTS 

 

							
	 ARTICLE I DEFINITIONS
	  	 	2	 
			
	 Section 1.1
	 	 Definitions
	  	 	2	 
		
	 ARTICLE II AGREEMENT TO SELL AND PURCHASE
	  	 	11	 
			
	 Section 2.1
	 	 Sale and Purchase
	  	 	11	 
	 Section 2.2
	 	 Closing
	  	 	11	 
	 Section 2.3
	 	 Mutual Conditions
	  	 	11	 
	 Section 2.4
	 	 Each Purchaser’s Conditions
	  	 	11	 
	 Section 2.5
	 	 The Partnership’s Conditions
	  	 	12	 
	 Section 2.6
	 	 Partnership Deliveries
	  	 	13	 
	 Section 2.7
	 	 Purchaser Deliveries
	  	 	14	 
	 Section 2.8
	 	 Independent Nature of Purchasers’ Obligations and Rights
	  	 	14	 
		
	 ARTICLE III REPRESENTATIONS AND WARRANTIES OF THE PARTNERSHIP
	  	 	14	 
			
	 Section 3.1
	 	 Formation and Qualification of the Partnership Entities
	  	 	14	 
	 Section 3.2
	 	 Purchased Units; Capitalization
	  	 	15	 
	 Section 3.3
	 	 No Conflicts
	  	 	21	 
	 Section 3.4
	 	 No Defaults
	  	 	21	 
	 Section 3.5
	 	 Authority
	  	 	21	 
	 Section 3.6
	 	 No Consents
	  	 	21	 
	 Section 3.7
	 	 Authorization, Execution and Delivery of the Common Unit Purchase Agreement
	  	 	22	 
	 Section 3.8
	 	 Authorization, Execution, Delivery and Enforceability of the Registration Rights
Agreement
	  	 	22	 
	 Section 3.9
	 	 Contribution Agreement
	  	 	22	 
	 Section 3.10
	 	 Authorization of Contribution Equity Consideration
	  	 	22	 
	 Section 3.11
	 	 Valid Issuance; No Options or Preemptive Rights of Common Units
	  	 	23	 
	 Section 3.12
	 	 No Registration Rights
	  	 	23	 
	 Section 3.13
	 	 Periodic Reports
	  	 	23	 
	 Section 3.14
	 	 Financial Statements
	  	 	23	 
	 Section 3.15
	 	 Legal Proceedings
	  	 	24	 
	 Section 3.16
	 	 No Material Changes
	  	 	24	 
	 Section 3.17
	 	 Title to Properties
	  	 	24	 
	 Section 3.18
	 	 Rights of Way
	  	 	25	 
	 Section 3.19
	 	 Permits
	  	 	25	 
	 Section 3.20
	 	 Intellectual Property
	  	 	25	 
	 Section 3.21
	 	 Insurance
	  	 	26	 
	 Section 3.22
	 	 No Labor Dispute
	  	 	26	 
	 Section 3.23
	 	 Environmental Compliance
	  	 	26	 
	 Section 3.24
	 	 FERC
	  	 	26	 
	 Section 3.25
	 	 Tax Returns
	  	 	27	 
	 Section 3.26
	 	 ERISA
	  	 	27	 

  
 i 

							
	 Section 3.27
	 	 No Employment Law Violations
	  	 	27	 
	 Section 3.28
	 	 Anti-Corruption
	  	 	27	 
	 Section 3.29
	 	 OFAC
	  	 	28	 
	 Section 3.30
	 	 Sanctions
	  	 	28	 
	 Section 3.31
	 	 Certain Fees
	  	 	28	 
	 Section 3.32
	 	 No Side Agreements
	  	 	29	 
	 Section 3.33
	 	 No Registration
	  	 	29	 
	 Section 3.34
	 	 No Integration
	  	 	29	 
	 Section 3.35
	 	 MLP Status
	  	 	29	 
	 Section 3.36
	 	 Qualifying Income of Contributed Interests
	  	 	29	 
	 Section 3.37
	 	 Investment Company
	  	 	29	 
	 Section 3.38
	 	 Disclosure Controls and Procedures
	  	 	29	 
	 Section 3.39
	 	 Internal Controls
	  	 	30	 
	 Section 3.40
	 	 Placement Agent Reliance
	  	 	30	 
	 Section 3.41
	 	 Legal Sufficiency of the Contribution Agreement
	  	 	30	 
	 Section 3.42
	 	 Absence of Price Manipulation
	  	 	30	 
		
	 ARTICLE IV REPRESENTATIONS AND WARRANTIES OF THE PURCHASERS
	  	 	31	 
			
	 Section 4.1
	 	 Existence
	  	 	31	 
	 Section 4.2
	 	 Authorization, Enforceability
	  	 	31	 
	 Section 4.3
	 	 No Breach
	  	 	31	 
	 Section 4.4
	 	 Certain Fees
	  	 	31	 
	 Section 4.5
	 	 No Side Agreements
	  	 	31	 
	 Section 4.6
	 	 Investment
	  	 	32	 
	 Section 4.7
	 	 Nature of Purchaser
	  	 	32	 
	 Section 4.8
	 	 Restricted Securities
	  	 	32	 
	 Section 4.9
	 	 Legend
	  	 	32	 
	 Section 4.10
	 	 Partnership Information
	  	 	33	 
	 Section 4.11
	 	 Placement Agent Reliance
	  	 	33	 
	 Section 4.12
	 	 Short Selling
	  	 	33	 
		
	 ARTICLE V COVENANTS
	  	 	34	 
			
	 Section 5.1
	 	 Taking of Necessary Action
	  	 	34	 
	 Section 5.2
	 	 Other Actions
	  	 	34	 
	 Section 5.3
	 	 Expenses
	  	 	35	 
	 Section 5.4
	 	 Non-Public Information
	  	 	35	 
	 Section 5.5
	 	 Use of Proceeds
	  	 	35	 
		
	 ARTICLE VI INDEMNIFICATION
	  	 	35	 
			
	 Section 6.1
	 	 Indemnification by the Partnership
	  	 	35	 
	 Section 6.2
	 	 Indemnification Procedure
	  	 	35	 
		
	 ARTICLE VII MISCELLANEOUS
	  	 	37	 
			
	 Section 7.1
	 	 Interpretation
	  	 	37	 

  
 ii 

							
	 Section 7.2
	 	 Survival of Provisions
	  	 	37	 
	 Section 7.3
	 	 No Waiver; Modifications in Writing
	  	 	37	 
	 Section 7.4
	 	 Binding Effect; Assignment
	  	 	38	 
	 Section 7.5
	 	 Confidentiality
	  	 	38	 
	 Section 7.6
	 	 Communications
	  	 	38	 
	 Section 7.7
	 	 Removal of Legend
	  	 	39	 
	 Section 7.8
	 	 Entire Agreement
	  	 	40	 
	 Section 7.9
	 	 Governing Law
	  	 	40	 
	 Section 7.10
	 	 Execution in Counterparts
	  	 	40	 
	 Section 7.11
	 	 Termination
	  	 	40	 
	 Section 7.12
	 	 Recapitalization, Exchanges, Etc. Affecting the Common Units
	  	 	41	 

  

					
	Schedule A	 	—	  	List of Purchasers and Commitment Amounts
	Exhibit A	 	—	  	Form of Registration Rights Agreement
	Exhibit B	 	—	  	Form of Opinion of Vinson & Elkins LLP
	Exhibit C	 	—	  	Form of Lock-Up Agreement

  

  
 iii 

 COMMON UNIT PURCHASE AGREEMENT 

This COMMON UNIT PURCHASE AGREEMENT, dated as of November 14, 2019 (this “Agreement”), is by and among NOBLE MIDSTREAM
PARTNERS LP, a Delaware limited partnership (the “Partnership”), and each of the purchasers listed on Schedule A hereof (each a “Purchaser” and collectively, the “Purchasers”). 

WHEREAS, Noble Energy, Inc., a Delaware corporation (“Noble”), the Partnership, Noble Midstream GP LLC, a Delaware limited
liability company and the sole general partner of the Partnership (the “General Partner”), Noble Midstream Services, LLC, a Delaware limited liability company and a wholly owned subsidiary of the Partnership (“Noble
Midstream Services”), NBL Midstream, LLC, a Delaware limited liability company and wholly owned subsidiary of Noble (“NBL Midstream”) and NBL Midstream Holdings LLC, a Delaware limited liability company (“NBL
Holdings”) will enter into the Contribution Agreement (as defined below), pursuant to which NBL Midstream will, on the terms and subject to the conditions set forth in the Contribution Agreement, contribute to the Partnership (i) a 60%
limited partner interest (the “Blanco River Interest”) in Blanco River DevCo LP, a Delaware limited partnership (“Blanco River DevCo”), (ii) a 75% limited partner interest (the “Green River
Interest”) in Green River DevCo LP, a Delaware limited partnership (“Green River DevCo”), (iii) a 75% limited partner interest (the “San Juan River Interest”) in San Juan River DevCo LP, a Delaware limited
partnership (“San Juan River DevCo”) and (iv) all of the issued and outstanding limited liability company interests (the “NBL Holdings Interest”) of NBL Holdings (collectively, (i), (ii), (iii) and
(iv) are referred to herein as the “Contributed Interests”). Additionally, NBL Midstream and the Partnership, pursuant to the Contribution Agreement, will cause the General Partner to amend the Partnership Agreement in order to
recapitalize and convert the Incentive Distribution Rights (“IDRs” or “Incentive Distribution Rights”) into common units. In consideration for the acquisition of the Contributed Interests and the IDRs, the
Partnership agrees to pay NBL Midstream total aggregate consideration of $1.6 billion, consisting of cash (the “Cash Consideration”) and common units (“Common Units”) representing limited partner interests in
the Partnership (the “Unit Consideration”). 
 WHEREAS, to fund the Cash Consideration for the Contribution (as defined
below), the Partnership desires to sell to the Purchasers, and the Purchasers desire to purchase from the Partnership, certain Common Units, in accordance with the provisions of this Agreement; and 

WHEREAS, the Partnership and the Purchasers will enter into a registration rights agreement (the “Registration Rights
Agreement”), substantially in the form attached hereto as Exhibit A, pursuant to which the Partnership will provide the Purchasers with certain registration rights with respect to the Common Units acquired pursuant
hereto. 
 NOW THEREFORE, in consideration of the mutual covenants and agreements set forth herein and for good and valuable consideration,
the receipt and sufficiency of which is hereby acknowledged, the Partnership and each of the Purchasers, severally and not jointly, hereby agree as follows: 

  
 1 

 ARTICLE I 

DEFINITIONS 

Section 1.1 Definitions. As used in this Agreement, and unless the context requires a different meaning, the following terms have
the meanings indicated: 
 “Advantage” means Advantage Pipeline Holdings LLC, a Delaware limited liability company. 

“Advantage LLC Agreement” has the meaning specified in Section 3.2(l). 

“Advantage Logistics” means Advantage Pipeline Logistics LLC, a Texas limited liability company. 

“Advantage Management” means Advantage Pipeline Management, LLC, a Texas limited liability company. 

“Advantage Pipeline” means Advantage Pipeline, L.L.C., a Texas limited liability company. 

“Advantage Sub LLC Agreement” has the meaning specified in Section 3.2(l). 

“Advantage Subsidiaries” means Advantage Pipeline, Advantage Logistics and Advantage Management. 

“Affiliate” means, with respect to any Person, any other Person that directly or indirectly through one or more
intermediaries controls, is controlled by or is under common control with, the Person in question. As used herein, the term “control” means the possession, direct or indirect, of the power to direct or cause the direction of the management
and policies of a Person, whether through ownership of voting securities, by contract or otherwise. 
 “Agreement” has the
meaning specified in the introductory paragraph. 
 “Black Diamond” means Black Diamond Gathering LLC, a Delaware limited
liability company. 
 “Black Diamond Cushing” means Black Diamond Cushing LLC, a Delaware limited liability company. 

“Black Diamond Gathering Holdings” means Black Diamond Gathering Holdings LLC, a Delaware limited liability company. 

“Black Diamond LLC Agreement” has the meaning specified in Section 3.2(v). 

“Black Diamond Rockies” means Black Diamond Rockies Midstream LLC, a Delaware limited liability company. 

“Black Diamond Storage” means Black Diamond Rockies Storage and Terminals LLC, a Delaware limited liability company. 

  
 2 

 “Black Diamond Sub LLC Agreement” has the meaning specified in
Section 3.2(w). 
 “Black Diamond Subsidiaries” means Black Diamond, Black Diamond Cushing, Black
Diamond Rockies, Black Diamond Storage and Optimized. 
 “Blanco River DevCo” has the meaning specified in the recitals.

 “Blanco River DevCo GP” means Blanco River DevCo GP LLC, a Delaware limited liability company. 

“Blanco River Interest” has the meaning specified in the recitals. 

“Business Day” means a day other than (a) a Saturday or Sunday or (b) any day on which banks located in New York,
New York, U.S.A. are authorized or obligated to close. 
 “Cash Consideration” has the meaning specified in the recitals.

 “Closing” has the meaning specified in Section 2.2. 

“Closing Date” has the meaning specified in Section 2.2. 

“Code” means the U.S. Internal Revenue Code of 1986, as amended and in effect from time to time. Any reference herein to a
specific section or sections of the Code shall be deemed to include a reference to any corresponding provision of any successor law. 

“Colorado River DevCo” means Colorado River DevCo LP, a Delaware limited partnership. 

“Colorado River DevCo GP” means Colorado River DevCo GP LLC, a Delaware limited liability company. 

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

“Common Carrier Pipelines” has the meaning specified in Section 3.24. 

“Common Unit Price” has the meaning specified in Section 2.1(b). 

“Common Units” has the meaning specified in the recitals. 

“Consent” has the meaning specified in Section 3.6. 

“Contributed Interests” has the meaning specified in the recitals. 

“Contribution” means, collectively, the contribution, conveyance, transfer and assignment by NBL Midstream of the Contributed
Interests to the Partnership pursuant to the Contribution Agreement. 
 “Contribution Agreement” means the Contribution,
Conveyance, Assumption and Simplification Agreement, dated as of November 14, 2019, by and among, Noble, the Partnership, the General Partner, Midstream Services, NBL Midstream and NBL Holdings. 

  
 3 

 “Delaware Crossing” means Delaware Crossing LLC, a Delaware limited
liability company. 
 “Delaware Crossing Holdings” means Delaware Crossing Holdings LLC, a Delaware limited liability
company. 
 “Delaware Crossing LLC Agreement” has the meaning specified in Section 3.2(n). 

“Delaware Crossing Operating” means Delaware Crossing Operating LLC, a Delaware limited liability company. 

“Delaware Crossing Sub LLC Agreements” has the meaning specified in Section 3.2(o). 

“Delaware Crossing Subsidiaries” means Delaware Crossing Holdings, Delaware Crossing Operating and DX Constellation. 

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

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

“Development Companies” means, collectively, Blanco River DevCo, Colorado River DevCo, Dos Rios DevCo, Green River DevCo,
Gunnison River DevCo, Laramie River DevCo, San Juan River DevCo and Trinity River DevCo. 
 “Development Company Operating
Agreements” has the meaning specified in the Section 3.2(l). 
 “Dos Rios Crude” means
Dos Rios Crude Holdings LLC, a Delaware limited liability company. 
 “Dos Rios Crude Intermediate” means Dos Rios Crude
Intermediate LLC, a Delaware limited liability company. 
 “Dos Rios Delaware” means Dos Rios Delaware Holdings LLC, a
Delaware limited liability company. 
 “Dos Rios DevCo” means Dos Rios DevCo LLC, a Delaware limited liability company.

 “Dos Rios Sub LLC Agreement” has the meaning specified in Section 3.2(m). 

“Dos Rios Subsidiaries” means Dos Rios Delaware, Dos Rios Crude and Dos Rios Y-Grade.

 “Dos Rios Y-Grade” means Dos Rios
Y-Grade Holdings LLC, a Delaware limited liability company. 
 “DX Constellation”
means DX Constellation LLC, a Delaware limited liability company. 
 “Enforceability Exceptions” has the meaning specified
in Section 3.7. 

  
 4 

 “Environmental Laws” has the meaning specified in
Section 3.23. 
 “EPIC Crude GP” means EPIC Crude Holdings GP, LLC, a Delaware limited liability
company. 
 “EPIC Crude LP” means EPIC Crude Holdings, LP, a Delaware limited partnership. 

“EPIC Crude Operating Agreements” has the meaning specified in Section 3.2(p). 

“EPIC Crude Pipeline” means EPIC Crude Pipeline, LP, a Delaware limited partnership. 

“EPIC Crude Subsidiaries” means EPIC Crude Services, EPIC Crude Marketing, EPIC Crude Terminal, EPIC Pipeline and EPIC Crude
Pipeline. 
 “EPIC Crude Marketing” means EPIC Crude Marketing, LP, a Delaware limited partnership. 

“EPIC Pipeline” means EPIC Pipeline Company, LP, a Delaware limited partnership. 

“EPIC Crude Services” means EPIC Crude Services, LP, a Delaware limited partnership. 

“EPIC Crude Terminal” means EPIC Crude Terminal Company, LP, a Delaware limited partnership. 

“EPIC Y-Grade GP” means EPIC Y-Grade GP, LLC,
a Delaware limited liability company. 
 “EPIC Y-Grade Logistics” means EPIC Y-Grade Logistics, LP, a Delaware limited partnership. 
 “EPIC
Y-Grade LP” means EPIC Y-Grade, LP, a Delaware limited partnership. 

“EPIC Y-Grade Marketing” means EPIC Y-Grade
Marketing, LP, a Delaware limited partnership. 
 “EPIC Y-Grade Operating
Agreements” has the meaning specified in Section 3.2(q). 
 “EPIC
Y-Grade Pipeline” means EPIC Y-Grade Pipeline, LP, a Delaware limited partnership. 

“EPIC Y-Grade Services” means EPIC Y-Grade
Services, LP, a Delaware limited partnership. 
 “EPIC Y-Grade Subsidiaries” means
EPIC Y-Grade Services, EPIC Y-Grade Logistics, EPIC Y-Grade Marketing and EPIC Y-Grade
Pipeline. 
 “ERISA” has the meaning specified in Section 3.26. 

“ERISA Affiliate” has the meaning specified in Section 3.26. 

  
 5 

 “Exchange Act” means the Securities Exchange Act of 1934, as amended from
time to time, and the rules and regulations of the Commission promulgated thereunder. 
 “FCPA” has the meaning specified
in Section 3.28(a). 
 “FERC” has the meaning specified in
Section 3.24. 
 “Fundamental Representations” has the meaning specified in
Section 7.2. 
 “GAAP” means generally accepted accounting principles in the United States. 

“General Partner” has the meaning specified in the recitals. 

“General Partner Interest” has the meaning specified in Section 3.2(e). 

“Governmental Authority” means, with respect to a particular Person, any country, state, county, city and political
subdivision in which such Person or such Person’s property is located or that exercises valid jurisdiction over any such Person or such Person’s property, and any court, agency, department, commission, board, bureau or instrumentality of
any of them and any monetary authority that exercises valid jurisdiction over any such Person or such Person’s property. Unless otherwise specified, all references to Governmental Authority herein with respect to the Partnership mean a
Governmental Authority having jurisdiction over the Partnership, its Subsidiaries or any of their respective properties or assets. 

“GP LLC Agreement” has the meaning specified in Section 3.2(d). 

“GP Subsidiaries” means, collectively, Blanco River DevCo GP, Colorado River DevCo GP, Green River DevCo GP, Gunnison River
DevCo GP, Laramie River DevCo GP, San Juan River DevCo GP and Dos Rios DevCo. 
 “GP Subsidiaries LLC Agreements” has the
meaning specified in the Section 3.2(j). 
 “Green River DevCo” has the meaning specified in the
recitals. 
 “Green River DevCo GP” means Green River DevCo GP LLC, a Delaware limited liability company. 

“Green River Interest” has the meaning specified in the recitals. 

“Gunnison River DevCo” means Gunnison River DevCo LP, a Delaware limited partnership. 

“Gunnison River DevCo GP” means Gunnison River DevCo GP LLC, a Delaware limited liability company. 

“Hazardous Materials” has the meaning specified in Section 3.23. 

“Incentive Distribution Rights” or “IDRs” means all of the incentive distribution rights representing
limited partner interests in the Partnership. 

  
 6 

 “Intellectual Property” has the meaning specified in
Section 3.20. 
 “Investment Company Act” has the meaning specified in
Section 3.37. 
 “Laramie River DevCo” means Laramie River DevCo LP, a Delaware limited
partnership. 
 “Laramie River DevCo GP” means Laramie River DevCo GP LLC, a Delaware limited liability company. 

“Law” means any federal, state, local or foreign order, writ, injunction, judgment, settlement, award, decree, statute, law,
rule or regulation. 
 “Lien” means any interest in property securing an obligation owed to, or a claim by, a Person other
than the owner of the property, whether such interest is based on the common law, statute or contract, and whether such obligation or claim is fixed or contingent, and including the lien or security interest arising from a mortgage, encumbrance,
pledge, security agreement, conditional sale or trust receipt or a lease, consignment or bailment for security purposes. For the purpose of this Agreement, a Person shall be deemed to be the owner of any property that it has acquired or holds
subject to a conditional sale agreement, or leases under a financing lease or other arrangement pursuant to which title to the property has been retained by or vested in some other Person in a transaction intended to create a financing. 

“Material Adverse Effect” has the meaning specified in Section 3.1. 

“Midstream Services” has the meaning specified in the recitals. 

“Midstream Services LLC Agreement” has the meaning specified in Section 3.2(h). 

“Money Laundering Laws” has the meaning specified in Section 3.28(b). 

“NBL Holdings” has the meaning specified in the recitals. 

“NBL Holdings Interest” has the meaning specified in the recitals. 

“NBL Midstream” has the meaning specified in the recitals. 

“Noble” has the meaning specified in the recitals. 

“Noble Entities” means Noble Energy, Inc., a Delaware corporation, and Noble Energy Services, Inc., a Delaware corporation.

 “Noble Midstream Marketing” means Noble Midstream Marketing LLC, a Delaware limited liability company. 

“Noble Midstream Marketing LLC Agreement” has the meaning specified in Section 3.2(i). 

“Noble Midstream Services” is defined in the recitals. 

  
 7 

 “NYSE” means The New York Stock Exchange, Inc. 

“OFAC” has the meaning specified in Section 3.29. 

“Omnibus Agreement” means the Omnibus Agreement, dated September 20, 2016, by and between the Noble Entities, NBL
Midstream, Midstream Services, the General Partner and the Partnership, as amended to date. 
 “Operational Services and Secondment
Agreement” means the Operational Services and Secondment Agreement, dated September 20, 2016, by and between the Noble Entities, Midstream Services, the General Partner and the Partnership. 

“Operative Documents” means, collectively, this Agreement and the Registration Rights Agreement and any amendments,
supplements, continuations or modifications thereto. 
 “Optimized” means Optimized Energy Solutions, LLC, a Delaware
limited liability company 
 “Organizational Documents” has the meaning specified in
Section 3.11. 
 “Partnership” has the meaning specified in the introductory paragraph. 

“Partnership Agreement” means the First Amended and Restated Agreement of Limited Partnership of the Partnership dated as of
September 20, 2016, as amended to date. 
 “Partnership Entities” means, collectively, the Partnership, the General
Partner and the Subsidiaries. 
 “Permits” has the meaning specified in Section 3.19. 

“Person” means an individual or a corporation, limited liability company, partnership, joint venture, trust, unincorporated
organization, association, government agency or political subdivision thereof or other form of entity. 
 “Placement Agent
Engagement Letter” means that certain Placement Agent Engagement Letter, dated as of November 7, 2019, among the Partnership and the Placement Agents. 

“Placement Agents” means BofA Securities, Inc. and Citigroup Global Markets, Inc. 

“Plan” has the meaning specified in Section 3.26. 

“Press Release” has the meaning specified in Section 5.4. 

“Purchase Price” means, with respect to each Purchaser, the dollar amount set forth opposite such Purchaser’s name in
the column titled “Commitment Amount” set forth on Schedule A hereto, as adjusted in accordance with Section 7.12, if applicable; provided that in no event shall the Purchase Price applicable to such
Purchaser be increased without the prior written consent of such Purchaser. 

  
 8 

 “Purchased Units” means, with respect to each Purchaser, the number of
Common Units (rounded, if necessary, to the nearest whole number) equal to the quotient of (a) the Purchase Price applicable to such Purchaser divided by (b) the Common Unit Price. 

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

“Purchaser Related Parties” has the meaning specified in Section 6.1. 

“Registration Rights Agreement” has the meaning specified in the recitals. 

“Registration Statement” has the meaning specified in the Registration Rights Agreement. 

“Representatives” of any Person means the Affiliates, officers, directors, managers, employees, agents, counsel, accountants,
investment bankers and other representatives of such Person. 
 “Revolving Credit Facility” means the Credit Agreement,
dated as of September 20, 2016, among Midstream Services, the Partnership, J.P. Morgan Chase Bank, N.A., as administrative agent, and the guarantors and lenders party thereto, as amended. 

“rights-of-way” has the meaning specified in
Section 3.18. 
 “San Juan River DevCo” has the meaning specified in the recitals. 

“San Juan River DevCo GP” means San Juan River DevCo GP LLC, a Delaware limited liability company. 

“San Juan River Interest” has the meaning specified in the recitals. 

“Sanctioned Countries” and “Sanctioned Country” have the meaning specified in the
Section 3.30. 
 “Sanctioned Person” has the meaning specified in the
Section 3.29. 
 “Sanctions” has the meaning specified in Section 3.29.

 “SEC Reports” means reports and statements filed by the Partnership under the Exchange Act and statements filed by the
Partnership under the Securities Act (in the form that became effective), including all amendments, exhibits and schedules thereto. 

“Securities Act” means the Securities Act of 1933, as amended from time to time, and the rules and regulations of the
Commission promulgated thereunder. 
 “Short Sales” means, without limitation, all “short sales” as defined in
Rule 200 promulgated under Regulation SHO under the Exchange Act, whether or not against the box, and forward sale contracts, options, puts, calls, short sales, “put equivalent positions” (as defined in Rule
16a-1(h) under the Exchange Act) and similar arrangements, and sales and other transactions through non-U.S. broker dealers or foreign regulated brokers. 

  
 9 

 “Sponsor Units” has the meaning specified in
Section 3.2(g). 
 “Subsidiaries” means, collectively, Midstream Services, Noble Midstream
Marketing, the Development Companies and the GP Subsidiaries. 
 “Trinity River DevCo” means Trinity River DevCo LLC, a
Delaware limited liability company. 
 “Unit Consideration” has the meaning specified in the recitals. 

“Walled Off Person” has the meaning specified in Section 4.12. 

“White Cliffs” means White Cliffs Pipeline, L.L.C., a Delaware limited liability company. 

“White Cliffs LLC Agreement” has the meaning specified in Section 3.2(t). 

  
 10 

 ARTICLE II 

AGREEMENT TO SELL AND PURCHASE 

Section 2.1 Sale and Purchase. 

(a) Subject to the terms and conditions hereof, the Partnership hereby agrees to issue and sell to each Purchaser and each Purchaser hereby
agrees, severally and not jointly, to purchase from the Partnership, its respective Purchased Units, and each Purchaser agrees, severally and not jointly, to pay the Partnership the Common Unit Price for each Purchased Unit as set forth in
Section 2.1(b) below. 
 (b) The amount per Common Unit each Purchaser will pay to the Partnership to purchase the
Purchased Units hereunder shall be $20.70 (the “Common Unit Price”). 
 Section 2.2 Closing. Subject to the
terms and conditions hereof, the consummation of the purchase and sale of the Purchased Units hereunder (the “Closing”) shall take place at the offices of Vinson & Elkins LLP, 1001 Fannin St., Suite 2500 Houston, Texas 77002, or
such other location as mutually agreed by the parties, and upon the first Business Day following the satisfaction or waiver of the conditions set forth in Sections 2.3, 2.4 and 2.5 (other than those conditions that are by their
terms to be satisfied at the Closing) (the date of such closing, the “Closing Date”). The parties agree that the Closing may occur via delivery of facsimiles or photocopies of the Operative Documents and the closing deliverables
contemplated hereby and thereby. Unless otherwise provided herein, all proceedings to be taken and all documents to be executed and delivered by all parties at the Closing will be deemed to have been taken and executed simultaneously, and no
proceedings will be deemed to have been taken or documents executed or delivered until all have been taken, executed or delivered. 

Section 2.3 Mutual Conditions. The respective obligations of each party to consummate the purchase and issuance and sale of the
Purchased Units shall be subject to the satisfaction on or prior to the Closing Date of each of the following conditions (any or all of which may be waived by a party on behalf of itself in writing, in whole or in part, to the extent permitted by
applicable Law): 
 (a) No Law shall have been enacted or promulgated, and no action shall have been taken, by any Governmental Authority of
competent jurisdiction that temporarily, preliminarily or permanently restrains, precludes, enjoins or otherwise prohibits the consummation of the transactions contemplated hereby or makes the transactions contemplated hereby illegal; 

(b) There shall not be pending any suit, action or proceeding by any Governmental Authority seeking to restrain, preclude, enjoin or prohibit
the transactions contemplated by this Agreement; and 
 (c) The closing of the transactions contemplated by the Contribution Agreement shall
have occurred, or shall occur concurrently with the Closing. 
 Section 2.4 Each Purchaser’s Conditions. The
obligation of each Purchaser to consummate the purchase of its Purchased Units shall be subject to the satisfaction on or prior to the Closing Date of each of the following conditions (any or all of which may be waived by a particular Purchaser on
behalf of itself in writing with respect to its Purchased Units, in whole or in part, to the extent permitted by applicable Law): 
 (a) The
Partnership shall have performed and complied with the covenants and agreements contained in this Agreement that are required to be performed and complied with by the Partnership on or prior to the Closing Date; 

  
 11 

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

 (c) The NYSE shall have authorized, upon official notice of issuance, the listing of the Purchased Units; 

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

(e) The Common Units shall not have been suspended by the Commission or the NYSE from trading on the NYSE nor shall suspension by the
Commission or the NYSE have been threatened in writing by the Commission or the NYSE; 
 (f) No Material Adverse Effect shall have occurred
and be continuing; and 
 (g) The Partnership shall have delivered, or caused to be delivered, to the Purchasers at the Closing, the
Partnership’s closing deliveries described in Section 2.6. 
 Section 2.5 The
Partnership’s Conditions. The obligation of the Partnership to consummate the issuance and sale of the Purchased Units to a Purchaser shall be subject to the satisfaction on or prior to the Closing Date of each of the
following conditions with respect to such Purchaser (any or all of which may be waived by the Partnership in writing, in whole or in part, to the extent permitted by applicable Law): 

(a) (i) The representations and warranties of such Purchaser contained in this Agreement that are qualified by materiality shall be true
and correct when made and as of the Closing Date and (ii) all other representations and warranties of such Purchaser shall be true and correct in all material respects as of the Closing Date (except that representations of such Purchaser made
as of a specific date shall be required to be true and correct as of such date only); 
 (b) A duly executed (i) Internal Revenue
Service Form W-9 or (ii) applicable Internal Revenue Service Form W-8; and 

(c) Such Purchaser shall have delivered, or caused to be delivered, to the Partnership at the Closing, such Purchaser’s closing deliveries
described in Section 2.7. 

  
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 Section 2.6 Partnership Deliveries. At the Closing, subject to the terms and
conditions hereof, the Partnership will deliver, or cause to be delivered, to each Purchaser: 
 (a) evidence of the Purchased Units credited
to book-entry accounts maintained by the transfer agent of the Partnership (registered in the name of such Purchaser or its nominee in accordance with its instructions), bearing the legend or restrictive notation set forth in
Section 4.9, free and clear of all Liens, other than transfer restrictions under the Partnership Agreement and applicable federal and state securities laws; 

(b) the Registration Rights Agreement in the form attached to this Agreement as Exhibit A, which shall have been duly
executed by the Partnership; 
 (c) A certificate of the Secretary of State of the State of Delaware, dated a recent date, to the effect that
each of the Partnership Entities is in good standing; 
 (d) An opinion addressed to the Purchasers from Vinson & Elkins LLP, legal
counsel to the Partnership, dated as of the Closing, in the form and substance attached hereto as Exhibit B; 
 (e)
A certificate, dated the Closing Date and signed by each of the Chief Executive Officer and the Chief Financial Officer of the General Partner, on behalf of the Partnership, in their capacities as such, stating that: 

(i) The Partnership has performed and complied with the covenants and agreements contained in this Agreement that are required to be performed
and complied with by the Partnership on or prior to the Closing Date; and 
 (ii) The representations and warranties of the Partnership
contained in this Agreement that are qualified by materiality or Material Adverse Effect are true and correct as of the Closing Date and all other representations and warranties of the Partnership are true and correct in all material respects as of
the Closing Date (except that representations and warranties made as of a specific date shall be required to be true and correct as of such date only); 

(f) A certificate of the Secretary or Assistant Secretary of the General Partner, on behalf of the Partnership, certifying as to (i) the
Certificate of Limited Partnership of the Partnership, as amended, and the Partnership Agreement, (ii) board resolutions authorizing the execution and delivery of the Operative Documents and the consummation of the transactions contemplated
thereby, including the issuance and sale of the Purchased Units, and (iii) its incumbent officers authorized to execute the Operative Documents, setting forth the name and title and bearing the signature of each such officer; 

(g) The “lock-up” agreements, each substantially in the form of Exhibit C hereto,
among (i) each of the Placement Agents, on the one hand, and (ii) each of Noble, the Partnership, and the officers and directors of the General Partner, on the other hand, related to sales and certain other dispositions of Common Units or
certain other securities, shall be in full force and effect on the Closing Date. 

  
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 Section 2.7 Purchaser Deliveries. At the Closing, subject to the terms and
conditions hereof, each Purchaser will deliver, or cause to be delivered, to the Partnership: 
 (a) Payment to the Partnership of the
Purchase Price set forth opposite such Purchaser’s name under the column titled “Commitment Amount” on Schedule A hereto by wire transfer of immediately available funds (to an account designated by the Partnership in writing at
least two Business Days prior to the Closing Date); provided that such delivery shall be required only after delivery of the Purchased Units as set forth in Section 2.6(a); and 

(b) The Registration Rights Agreement in the form attached to this Agreement as Exhibit A, which shall have been duly
executed by such Purchaser. 
 Section 2.8 Independent Nature of Purchasers’ Obligations and Rights. The
obligations of each Purchaser under any Operative Document are several and not joint with the obligations of any other Purchaser, and no Purchaser shall be responsible in any way for the performance of the obligations of any other Purchaser under
any Operative Document. The failure or waiver of performance under any Operative Document by any Purchaser does not excuse performance by any other Purchaser or by the Partnership with respect to the other Purchasers. It is expressly understood and
agreed that each provision contained in the Operative Documents is between the Partnership and a Purchaser, solely, and not between the Partnership and the Purchasers, collectively, and not between and among the Purchasers. Nothing contained herein
or in any other Operative Document, and no action taken by any Purchaser pursuant thereto, shall be deemed to constitute the Purchasers as a partnership, an association, a joint venture or any other kind of group or entity, or create a presumption
that the Purchasers are in any way acting in concert or as a group for purposes of Section 13(d) of the Exchange Act or otherwise with respect to such obligations or the transactions contemplated by the Operative Documents. Each Purchaser shall
be entitled to independently protect and enforce its rights, including without limitation, the rights arising out of this Agreement or out of the other Operative Documents, and it shall not be necessary for any other Purchaser to be joined as an
additional party in any proceeding for such purpose. 
 ARTICLE III 

REPRESENTATIONS AND WARRANTIES OF THE PARTNERSHIP 

The Partnership represents and warrants to each Purchaser as follows: 

Section 3.1 Formation and Qualification of the Partnership Entities. Each of the Partnership Entities has been duly organized and
is validly existing and in good standing as a limited partnership, limited liability company, corporation or other business entity under the laws of its jurisdiction of its incorporation or formation, as applicable, is duly qualified to do business
as a foreign limited partnership, limited liability company, corporation or other business entity and is in good standing in each jurisdiction in which its ownership or lease of property or the conduct of its business requires such qualification,
and has all power and authority necessary to own or hold its properties and to conduct the business in which it is engaged, except where the failure to be so qualified, in good standing or have such power or authority would not, individually or in
the aggregate, (a) have a material adverse effect on the business, properties, management, financial position or results of operations of the Partnership Entities taken as a whole; (b) materially impair the ability of any of the
Partnership Entities to consummate the Contribution or to perform their 

  
 14 

 
respective obligations under this Agreement or the other Operative Documents (each of clause (a) and (b), a “Material Adverse Effect”); or (c) subject the limited partners of
the Partnership to any material liability or disability. Each of the Partnership Entities has all power and authority necessary to own or hold its properties and to conduct the business in which it is engaged. The Partnership does not own or
control, directly or indirectly, any corporation, association or other entity other than the Subsidiaries, Advantage, the Advantage Subsidiaries, White Cliffs, Black Diamond, Black Dimond Gathering Holdings, the Black Diamond Subsidiaries, the Dos
Rios Subsidiaries, Dos Rios Crude Intermediate, Delaware Crossing, the Delaware Crossing Subsidiaries, EPIC Crude GP, EPIC Crude LP, EPIC Y-Grade GP, EPIC Y-Grade GP,
the EPIC Crude Subsidiaries and the EPIC Y-Grade Subsidiaries. 
 Section 3.2 Purchased
Units; Capitalization. 
 (a) On the Closing Date, the Purchased Units shall have those rights, preferences, privileges and restrictions
governing the Common Units as set forth in the Partnership Agreement. 
 (b) General Partner. The General Partner has, and at the
Closing Date will have, full limited liability company power and authority to serve as general partner of the Partnership. The General Partner is the sole general partner of the Partnership. 

(c) Common Units Held. As of the date hereof, immediately prior to the closing of the transactions contemplated by the Contribution
Agreement, the issued and outstanding partnership interests of the Partnership consist of (i) 39,707,343 Common Units and the IDRs, which are the only limited partner interests of the Partnership issued and outstanding (other than limited
partner interests issued under the Partnership’s long-term incentive plan), and (ii) the General Partner Interest; all of such Common Units have been duly authorized and validly issued pursuant to the Partnership Agreement and are fully
paid (to the extent required under the Partnership Agreement) and nonassessable (except as such nonassessability may be affected by Sections 17-303, 17-607 and 17-804 of the Delaware LP Act). 
 (d) Ownership of the General Partner. NBL Midstream owns, and on
the Closing Date will own, a 100% membership interest in the General Partner; such membership interest has been duly authorized and validly issued in accordance with the limited liability company agreement of the General Partner ( the “GP
LLC Agreement”) and is fully paid (to the extent required under the GP LLC Agreement) and nonassessable (except as such nonassessability may be affected by Sections 18-607 and 18-804 of the Delaware LLC Act); and NBL Midstream owns such membership interest free and clear of all Liens (except for (i) restrictions on transferability contained in the Partnership Agreement and
(ii) Liens created or arising under the Delaware LP Act). 
 (e) Ownership of the General Partner Interest in the Partnership.
The General Partner is, and on the Closing Date will be, the sole general partner of the Partnership, with a noneconomic general partner interest in the Partnership (the “General Partner Interest”); such General Partner Interest has
been duly authorized and validly issued in accordance with the Partnership Agreement; and the General Partner owns such General Partner Interest free and clear of all Liens (except for (i) restrictions on transferability contained in the
Partnership Agreement and (ii) Liens created or arising under the Delaware LP Act). 

  
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 (f) Ownership of the Incentive Distribution Rights. Immediately prior to the closing
of the transactions contemplated by the Contribution Agreement, NBL Midstream owns all of the Incentive Distribution Rights; the Incentive Distribution Rights and the limited partner interests represented thereby have been duly authorized and
validly issued in accordance with the Partnership Agreement and are fully paid (to the extent required under the Partnership Agreement) and nonassessable (except as such nonassessability may be affected by Sections
17-303, 17-607 and 17-804 of the Delaware LP Act); and NBL Midstream owns such Incentive Distribution Rights free and clear of
all Liens (except for (i) restrictions on transferability contained in the Partnership Agreement and (ii) Liens created or arising under the Delaware LP Act). 

(g) Ownership of the Sponsor Units. Immediately prior to the closing of the transactions contemplated by the Contribution Agreement, NBL
Midstream owns 17,992,598 Common Units (the “Sponsor Units”); the Sponsor Units and the limited partner interests represented thereby have been duly authorized and validly issued in accordance with the Partnership Agreement and are
fully paid (to the extent required under the Partnership Agreement) and nonassessable (except as such nonassessability may be affected by Sections 17-303, 17-607 and 17-804 of the Delaware LP Act); and NBL Midstream owns such Sponsor Units free and clear of all Liens (except for (i) restrictions on transferability contained in the Partnership Agreement and (ii) Liens
created or arising under the Delaware LP Act). 
 (h) Ownership of Midstream Services. The Partnership owns, and on the Closing Date
will own, 100% of the limited liability company interests in Midstream Services; such limited liability company interests have been duly authorized and validly issued in accordance with the limited liability company agreement of Midstream Services
(the “Midstream Services LLC Agreement”) and are fully paid (to the extent required under the Midstream Services LLC Agreement) and nonassessable (except as such nonassessability may be affected by Sections 18-607 and 18-804 of the Delaware LLC Act); and the Partnership owns such limited liability company interests free and clear of all Liens (except for (i) restrictions on
transferability contained in the Midstream Services LLC Agreement, (ii) Liens created or arising under the Delaware LLC Act and (iii) Liens created or arising under the Revolving Credit Facility). 

(i) Ownership of Noble Midstream Marketing. Midstream Services owns, and on the Closing Date will own, 100% of the limited liability
company interests in Noble Midstream Marketing; such limited liability company interests have been duly authorized and validly issued in accordance with the limited liability company agreement of Noble Midstream Marketing (the “Noble
Midstream Marketing LLC Agreement”) and are fully paid (to the extent required under the Noble Midstream Marketing LLC Agreement) and nonassessable (except as such nonassessability may be affected by Sections
18-607 and 18-804 of the Delaware LLC Act); and Midstream Services owns such limited liability company interests free and clear of all Liens (except for
(i) restrictions on transferability contained in the Noble Midstream Marketing LLC Agreement, (ii) Liens created or arising under the Delaware LLC Act and (iii) Liens created or arising under the Revolving Credit Facility). 

  
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 (j) Ownership of GP Subsidiaries. Midstream Services owns, and on the Closing Date
will own, a 100% membership interest in each of the GP Subsidiaries; such membership interests have been duly authorized and validly issued in accordance with the limited liability company agreements of the GP Subsidiaries time (the “GP
Subsidiaries LLC Agreements”) and are fully paid (to the extent required under the GP Subsidiaries LLC Agreements) and nonassessable (except as such nonassessability may be affected by Sections 18-607
and 18-804 of the Delaware LLC Act); and Midstream Services owns such membership interests free and clear of all Liens (except for (i) restrictions on transferability contained in the GP Subsidiaries LLC
Agreements, (ii) Liens created or arising under the Delaware LLC Act and (iii) Liens created or arising under the Revolving Credit Facility). 

(k) Ownership of Development Companies. On the Closing Date, after giving effect to the Contribution, (i) Colorado River DevCo GP
will own an 80% general partner interest and Midstream Services will own a 20% limited partner interest in Colorado River DevCo, (ii) Blanco River DevCo GP will own a 40% general partner interest and Midstream Services will own a 60% limited
partner interest in Blanco River DevCo, (iii) Green River DevCo GP will own a 25% general partner interest and Midstream Services will own a 75% limited partner interest in Green River DevCo, (iv) San Juan River DevCo GP will own a 25%
general partner interest and Midstream Services will own a 75% limited partner interest in San Juan River DevCo, (v) Gunnison River DevCo GP will own a 5% general partner interest and Midstream Services will own a 95% limited partner interest
in Gunnison River DevCo, (vi) Laramie River DevCo GP will own a 5% general partner interest and Midstream Services will own a 95% limited partner interest in Laramie River DevCo, and (vii) Midstream Services will own a 100% membership
interest in Trinity River DevCo; such interests will have been duly authorized and validly issued in accordance with the agreements of limited partnership or limited liability company agreements, as applicable, of the Development Companies (the
“Development Company Operating Agreements”); the GP Subsidiaries and the Partnership, as applicable, will own such interests free and clear of all Liens (except for (i) restrictions on transferability contained in the
Development Company Operating Agreements, (ii) Liens created or arising under the Delaware LP Act, (iii) Liens created or arising under the Delaware LLC Act and (iv) Liens created or arising under the Revolving Credit Facility). 

(l) Ownership of Advantage. Trinity River DevCo owns, and on the Closing Date will own, a 50% membership interest in Advantage; to the
knowledge of the Partnership, such membership interest has been duly authorized and validly issued in accordance with the limited liability company agreement of Advantage (the “Advantage LLC Agreement”); Trinity River DevCo owns
such membership interests free and clear of all Liens (except for (i) restrictions on transferability contained in the Advantage LLC Agreement, (ii) Liens created or arising under the Delaware LLC Act and (iii) Liens created or
arising under the Revolving Credit Facility). 
 (m) Ownership of the Advantage Subsidiaries. Advantage owns, and on the Closing Date
will own, a 100% membership interest in each of the Advantage Subsidiaries; to the knowledge of the Partnership, such membership interest has been duly authorized and validly issued in accordance with the limited liability company agreements of the
Advantage Subsidiaries (the “Advantage Sub LLC Agreement”); Advantage owns such membership interests free and clear of all Liens (except for (i) restrictions on transferability contained in the Advantage LLC Agreement,
(ii) Liens created or arising under the Delaware LLC Act and (iii) Liens created or arising under the Revolving Credit Facility). 

  
 17 

 (n) Ownership of Dos Rios Subsidiaries. Dos Rios DevCo owns, and on the Closing Date
will own, a 100% membership interest in each of the Dos Rios Subsidiaries; to the knowledge of the Partnership, such membership interest has been duly authorized and validly issued in accordance with the limited liability company agreements of the
Dos Rios Subsidiaries (the “Dos Rios Sub LLC Agreement”); Dos Rios DevCo owns such membership interests free and clear of all Liens (except for (i) restrictions on transferability contained in the Advantage LLC Agreement,
(ii) Liens created or arising under the Delaware LLC Act and (iii) Liens created or arising under the Revolving Credit Facility). 

(o) Ownership of Delaware Crossing. Dos Rios Delaware owns, and on the Closing Date will own, a 50% membership interest in Delaware
Crossing; to the knowledge of the Partnership, such membership interest has been duly authorized and validly issued in accordance with the limited liability company agreement of Delaware Crossing (the “Delaware Crossing LLC
Agreement”); Dos Rios Delaware owns such membership interests free and clear of all Liens (except for (i) restrictions on transferability contained in the Delaware Crossing LLC Agreement, (ii) Liens created or arising under the
Delaware LLC Act and (iii) Liens created or arising under the Revolving Credit Facility). 
 (p) Ownership of the Delaware Crossing
Subsidiaries. Delaware Crossing owns, and on the Closing Date will own, a 100% membership interest in each of the Delaware Crossing Subsidiaries; to the knowledge of the Partnership, such membership interest has been duly authorized and validly
issued in accordance with the limited liability company agreements of the Delaware Crossing Subsidiaries (the “Delaware Crossing Sub LLC Agreements”); Delaware Crossing owns such membership interests free and clear of all Liens
(except for (i) restrictions on transferability contained in the Delaware Crossing LLC Agreements, (ii) Liens created or arising under the Delaware LLC Act and (iii) Liens created or arising under the Revolving Credit Facility). 

(q) Ownership of EPIC Crude. Dos Rios Crude Intermediate owns, and on the Closing Date, will own, a 30% general partner interest in EPIC
Crude GP and a 30% limited partner interest in EPIC Crude LP; to the knowledge of the Partnership, such interests have been duly authorized and validly issued in accordance with the agreements of limited partnership or limited liability company
agreements, as applicable, of EPIC Crude GP and EPIC Crude LP (the “EPIC Crude Operating Agreements”); Dos Rios Crude Intermediate owns such interests free and clear of all Liens (except for (i) restrictions on transferability
contained in the EPIC Crude Operating Agreements, (ii) Liens created or arising under the Delaware LLC Act and (iii) Liens created or arising under the Revolving Credit Facility). 

(r) Ownership of EPIC Y-Grade. Dos Rios Y-Grade owns,
and on the Closing Date, will own, a 15% general partner interest in EPIC Y-Grade GP and a 15% limited partner interest in EPIC Y-Grade LP; to the knowledge of the
Partnership, such interests have been duly authorized and validly issued in accordance with the agreements of limited partnership or limited liability company agreements, as applicable, of EPIC Y-Grade GP and
EPIC Y-Grade LP (the “EPIC Y-Grade Operating Agreements”); Dos Rios Y-Grade owns such interests free and clear
of all Liens (except for (i) restrictions on transferability contained in the EPIC Y-Grade Operating Agreements, (ii) Liens created or arising under the Delaware LLC Act and (iii) Liens created
or arising under the Revolving Credit Facility). 

  
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 (s) Ownership of EPIC Y-Grade Subsidiaries. 

 (i) EPIC Y-Grade GP is, and on the Closing Date will be, the sole general partner of EPIC Y-Grade LP, EPIC Y-Grade Services, EPIC Y-Grade Logistics, EPIC Y-Grade Marketing and EPIC Y-Grade Pipeline, with a noneconomic general partner interest in such entities; to the knowledge of the Partnership, such general partner interest has been duly authorized and validly issued in accordance with the
agreements of limited partnership of such entities; and EPIC Y-Grade GP owns such general partner interest free and clear of all Liens (except for (A) restrictions on transferability contained in such
agreements of limited partnership and (B) Liens created or arising under the Delaware LP Act). 
 (ii) EPIC Y-Grade LP owns, and on the Closing Date, will own, 100% of the limited partner interests in EPIC Y-Grade Services, EPIC Y-Grade
Logistics, EPIC Y-Grade Marketing and EPIC Y-Grade Pipeline; to the knowledge of the Partnership, such limited partner interest has been duly authorized and validly
issued in accordance with the agreements of limited partnership of such entities; and EPIC Y-Grade LP owns such limited partner interests free and clear of all Liens (except for (A) restrictions on
transferability contained in such agreements of limited partnership and (B) Liens created or arising under the Delaware LP Act). 
 (t)
Ownership of EPIC Crude Subsidiaries. 
 (i) EPIC Crude GP is, and on the Closing Date will be, the sole general partner of EPIC
Crude LP, EPIC Crude Services, EPIC Crude Marketing, EPIC Crude Terminal, EPIC Pipeline, EPIC Crude Pipeline, with a noneconomic general partner interest in such entities; to the knowledge of the Partnership, such general partner interest has been
duly authorized and validly issued in accordance with the agreements of limited partnership of such entities; and EPIC Crude GP owns such general partner interest free and clear of all Liens (except for (A) restrictions on transferability
contained in such agreements of limited partnership and (B) Liens created or arising under the Delaware LP Act). 
 (ii) EPIC Crude LP
owns, and on the Closing Date, will own, 100% of the limited partner interests in EPIC Crude Services, EPIC Crude Marketing, EPIC Crude Terminal, EPIC Pipeline, EPIC Crude Pipeline; such limited partner interest has been duly authorized and validly
issued in accordance with the agreements of limited partnership of such entities; to the knowledge of the Partnership, EPIC Y-Grade LP owns such limited partner interests free and clear of all Liens (except
for (A) restrictions on transferability contained in such agreements of limited partnership and (B) Liens created or arising under the Delaware LP Act). 

(u) Ownership of White Cliffs. Midstream Services owns, and on the Closing Date will own, a 3.33% membership interest in White Cliffs;
to the knowledge of the Partnership, such membership interest has been duly authorized and validly issued in accordance with the limited liability company agreement of White Cliffs (the “White Cliffs LLC Agreement”); Midstream
Services owns such membership interests free and clear of all Liens (except for (i) restrictions on transferability contained in the White Cliffs LLC Agreement, (ii) Liens created or arising under the Delaware LLC Act and (iii) Liens
created or arising under the Revolving Credit Facility). 

  
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 (v) Ownership of Black Diamond Gathering Holdings. Laramie River DevCo owns, and on
the Closing Date, will own, a 100% membership interest in Black Diamond Gathering Holdings; to the knowledge of the Partnership, such member interest has been duly authorized and validly issued in accordance with the limited liability company
agreement of Black Diamond Gathering Holdings; Laramie River DevCo owns such membership interests free and clear of all Liens (except for (i) restrictions on transferability contained in such limited liability company agreement, (ii) Liens
created or arising under the Delaware LLC Act and (iii) Liens created or arising under the Revolving Credit Facility). 
 (w)
Ownership of Black Diamond. Black Diamond Gathering Holdings owns, and on the Closing Date, will own, a 54.4% membership interest in Black Diamond; to the knowledge of the Partnership, such membership interest has been duly authorized and
validly issued in accordance with the limited liability company agreement of Black Diamond (the “Black Diamond LLC Agreement”); Black Diamond Gathering Holdings owns such membership interests free and clear of all Liens (except for
(i) restrictions on transferability contained in the Black Diamond LLC Agreement, (ii) Liens created or arising under the Delaware LLC Act and (iii) Liens created or arising under the Revolving Credit Facility). 

(x) Ownership of the Black Diamond Subsidiaries. Black Diamond owns, and on the Closing Date will own, a 100% membership interest in
each of the Black Diamond Subsidiaries; to the knowledge of the Partnership, such membership interest has been duly authorized and validly issued in accordance with the limited liability company agreements of the Black Diamond Subsidiaries (the
“Black Diamond Sub LLC Agreements”); Black Diamond owns such membership interests free and clear of all Liens (except for (i) restrictions on transferability contained in the Black Diamond Sub LLC Agreements, (ii) Liens
created or arising under the Delaware LLC Act and (iii) Liens created or arising under the Revolving Credit Facility). 
 (y) No
Other Subsidiaries. On the Closing Date, and after giving effect to the Contribution, the General Partner will not own or control, directly or indirectly, any equity or long-term debt securities of any corporation, partnership, limited liability
company, joint venture, association or other entity, other than the Subsidiaries, Advantage, the Advantage Subsidiaries, White Cliffs, Black Diamond, the Black Diamond Subsidiaries, the Dos Rios Subsidiaries, Dos Rios Crude Intermediate, Delaware
Crossing, the Delaware Crossing Subsidiaries, EPIC Crude GP, EPIC Crude LP, EPIC Y-Grade GP, EPIC Y-Grade GP, the EPIC Crude Subsidiaries and the EPIC Y-Grade Subsidiaries. On the Closing Date, after giving effect to the Contribution, the Partnership will not own or control, directly or indirectly, any equity or long-term debt securities of any corporation,
partnership, limited liability company, joint venture, association or other entity, other than the Subsidiaries, Advantage, the Advantage Subsidiaries, White Cliffs, Black Diamond, Black Diamond Gathering Holdings, the Black Diamond Subsidiaries,
the Dos Rios Subsidiaries, Dos Rios Crude Intermediate, Delaware Crossing, the Delaware Crossing Subsidiaries, EPIC Crude GP, EPIC Crude LP, EPIC Y-Grade GP, EPIC
Y-Grade GP, the EPIC Crude Subsidiaries and the EPIC Y-Grade Subsidiaries. 

  
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 Section 3.3 No Conflicts. The execution, delivery and performance by the
Partnership Entities of the Contribution Agreement, this Agreement and each of the other Operative Documents to which they are a party, the issuance and sale of the Purchased Units, the consummation of the Contribution and any other transactions
contemplated by the Contribution Agreement, this Agreement and the other Operative Documents and the application of the proceeds from the sale of the Purchased Units will not (a) conflict with or result in a breach or violation of any of the
terms or provisions of, or constitute a default under, or result in the creation or imposition of any Lien, charge or encumbrance upon any property or assets of any of the Partnership Entities pursuant to, any indenture, mortgage, deed of trust,
loan agreement, license, lease or other agreement or instrument to which any of the Partnership Entities is a party or by which any of the Partnership Entities is bound or to which any of the property, right or assets of any of the Partnership
Entities is subject; (b) result in any violation of the provisions of the Organizational Documents of any of the Partnership Entities; or (c) result in any violation of any law or statute or any judgment, order, decree, rule or regulation
of any court or arbitrator or governmental or regulatory authority, except, in the case of clauses (a) and (c) above, for any such conflict, breach, violation or default that would not, individually or in the aggregate, have a
Material Adverse Effect. 
 Section 3.4 No Defaults. None of the Partnership Entities is (a) in violation of its
Organizational Documents; (b) in default, and no event has occurred that, with notice or lapse of time or both, would constitute such a default, in the due performance or observance of any term, covenant or condition contained in any indenture,
mortgage, deed of trust, loan agreement or other agreement or instrument to which any of the Partnership Entities is a party or by which any of the Partnership Entities is bound or to which any of the property or assets of any of the Partnership
Entities is subject; or (c) in violation of any law or statute or any judgment, order, rule or regulation of any court or arbitrator or governmental or regulatory authority; except, in the case of clauses (b) and (c) above,
for any such default or violation that would not, individually or in the aggregate, have a Material Adverse Effect. 
 Section 3.5
Authority. The Partnership has full right, power and authority to execute and deliver the Contribution Agreement, this Agreement and the other Operative Documents and to perform its obligations hereunder and thereunder. The Partnership has
all requisite limited partnership power and authority to issue, sell and deliver the Purchased Units, in accordance with and upon the terms and conditions set forth in this Agreement and the Partnership Agreement. On the Closing Date, all limited
partnership or limited liability company action, as the case may be, required to be taken by the General Partner or the Partnership for the authorization, issuance, sale and delivery of the Purchased Units, the execution and delivery of the
Contribution Agreement and the Operative Documents and the consummation of the transactions contemplated hereby and thereby, shall have been validly taken. 

Section 3.6 No Consents. No consent, approval, authorization or order of, or filing, registration or qualification
(“Consent”) of or with any court or arbitrator or governmental or regulatory authority is required for (a) the execution, delivery and performance by any of the Partnership Entities of any of the Operative Documents; (b) the
issuance and sale of the Purchased Units; (c) the consummation of the Contribution or any other transactions contemplated by this Agreement, the Contribution Agreement or the other Operative Documents; or (d) the application of the
proceeds from the sale of the Purchased Units, except (i) such as have been, or prior to the 

  
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Closing Date will be, obtained or made, and (ii) for the registration of the Purchased Units under the Securities Act and Consents as may be required under the Exchange Act, applicable state
securities laws, the listing standards of the NYSE and the rules of the Financial Industry Regulatory Authority, Inc. in connection with the purchase and sale of the Purchased Units by the Purchasers, and (iii) for such consents that, if not
obtained, have not or would not, individually or in the aggregate, have a Material Adverse Effect. 
 Section 3.7 Authorization,
Execution and Delivery of the Common Unit Purchase Agreement. This Agreement has been duly authorized and validly executed and delivered by or on behalf of the Partnership and constitutes a valid and legally binding agreement of the Partnership,
enforceable against the Partnership in accordance with its terms; provided, that the enforceability thereof may be limited by (a) applicable bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium or similar laws
affecting the enforcement of creditors’ rights generally or by equitable principles (whether considered in a proceeding at law or in equity) relating to enforceability and (b) public policy, applicable law relating to fiduciary duties and
indemnification and an implied covenant of good faith and fair dealing (collectively, the “Enforceability Exceptions”). 

Section 3.8 Authorization, Execution, Delivery and Enforceability of the Registration Rights Agreement. On the Closing Date the
Registration Rights Agreement will have been duly authorized, executed and delivered by the Partnership and will be a valid and legally binding agreement of the Partnership, enforceable against the Partnership in accordance with its terms, subject
to the Enforceability Exceptions. 
 Section 3.9 Contribution Agreement. 

(a) On the Closing Date, the Contribution Agreement will have been duly authorized, executed and delivered by (i) Noble, the Partnership,
the General Partner, NBL Midstream, Midstream Services and NBL Holdings and (ii) to the knowledge of the Partnership and NBL Midstream, assuming the due authorization of the parties thereto other than the Noble, the Partnership, the General
Partner, NBL Midstream, Midstream Services and NBL Holdings, the Contribution Agreement will constitute a valid and legally binding agreement of the Noble, Partnership, the General Partner, NBL Midstream, Midstream Services and NBL Holdings,
enforceable against each of them in accordance with its terms, subject to the Enforceability Exceptions. 
 (b) Prior to the execution and
delivery hereof by the Purchasers, the Partnership has provided the Purchasers with, or made available to the Purchasers, a copy of the Contribution Agreement (other than exhibits and schedules, except to the extent they will be filed with the
Commission within four Business Days of the date hereof) that is complete in all material respects. 
 Section 3.10 Authorization of
Contribution Equity Consideration. The Unit Consideration to be issued by the Partnership pursuant to the Contribution Agreement, and the limited partner interests represented thereby, have been duly authorized and, when issued and delivered in
accordance with the terms of the Partnership Agreement and the Contribution Agreement as consideration therefor as provided therein, will be fully paid (to the extent required under the Partnership Agreement) and
non-assessable (except as such non-assessability may be affected by Section 17-303,
17-607 or 17-804 of the Delaware LP Act). 

  
 22 

 Section 3.11 Valid Issuance; No Options or Preemptive Rights of Common Units.
The Purchased Units to be issued and sold by the Partnership and the limited partner interests represented thereby have been duly authorized in accordance with the Partnership Agreement and, when issued and delivered to the Purchasers against
payment therefor in accordance with the terms hereof, will be validly issued, fully paid (to the extent required under the Partnership Agreement) and non-assessable (except as such nonassessability may be
affected by matters described in Sections 17-303, 17-607 and 17-804 of the Delaware LP Act). Except as provided in the Operative
Documents, the Partnership Agreement and the Omnibus Agreement, there are no options, warrants, preemptive rights, rights of first refusal or other rights to subscribe for or to purchase, or any restriction upon the voting or transfer of, any equity
securities of any of the Partnership Entities pursuant to any of their certificate of limited partnership, formation or incorporation, agreement of limited partnership, limited liability company agreement, bylaws or any other organizational
documents (“Organizational Documents”). Except as provided for in the Partnership Agreement, the Registration Rights Agreement and the Omnibus Agreement, neither the filing of the Registration Statement pursuant to the Registration
Rights Agreement nor the offering or sale of the Common Units as contemplated by this Agreement gives rise to any rights for or relating to the registration of any Common Units or other securities of the Partnership. 

Section 3.12 No Registration Rights. Except as contemplated by this Agreement and the Registration Rights Agreement or pursuant to
the Partnership Agreement, there are no contracts, agreements or understandings between any of the Partnership and any Person granting such Person the right to require the Partnership to file a registration statement under the Securities Act with
respect to any securities of the Partnership owned or to be owned by such Person or to require the Partnership to include such securities in the Registration Statement or in any securities registered or to be registered pursuant to any registration
statement filed by or required to be filed by the Partnership under the Securities Act. 
 Section 3.13 Periodic Reports. The
SEC Reports have been filed with the Commission on a timely basis. The SEC Reports, including, without limitation, any audited or unaudited financial statements and any notes thereto or schedules included therein, at the time filed (or in the case
of registration statements, solely on the dates of effectiveness) (except to the extent corrected by a subsequent SEC Report) (a) did not contain any untrue statement of a material fact or omit to state a material fact required to be stated
therein or necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading and (b) complied in all material respects with the applicable requirements of the Exchange Act and the
Securities Act, as the case may be. 
 Section 3.14 Financial Statements. The historical financial statements of the Partnership
(including its predecessor for accounting purposes) and subsidiaries (including the related notes and supporting schedules) included in the SEC Reports comply as to form in all material respects with the requirements of Regulation S-X under the Securities Act and present fairly in all material respects the financial condition, results of operations and cash flows of the entities purported to be shown thereby at the dates and for the periods
indicated and have been prepared in conformity with accounting principles generally accepted in the United States applied on a consistent basis throughout the periods involved. 

  
 23 

 Section 3.15 Legal Proceedings. There is no action, suit, proceeding, inquiry or
investigation before or brought by any court or governmental agency or body, domestic or foreign, now pending, or, to the knowledge of the Partnership, threatened, against or affecting the Partnership Entities, which (a) could reasonably be
expected to result in a Material Adverse Effect, (b) could reasonably be expected to materially and adversely affect the properties or assets of the Partnership and the Subsidiaries taken as a whole or (c) could reasonably be expected to
materially and adversely affect the consummation of the transactions contemplated in this Agreement, the transactions contemplated by the Contribution Agreement or the performance by the Partnership Entities of the obligations contemplated hereunder
and thereunder. The aggregate of all pending legal or governmental proceedings to which any of the Partnership Entities is a party or of which any of their respective property or assets is the subject that are not described in the SEC Reports,
including ordinary routine litigation incidental to the business, could not reasonably be expected to result in a Material Adverse Effect. 

Section 3.16 No Material Changes. Since the date of the most recent audited financial statements included in the SEC Reports,
except as may otherwise be stated therein or contemplated thereby, none of the Partnership Entities or, to the Partnership’s knowledge, Advantage, White Cliffs or Black Diamond has (a) sustained any loss or interference with its business
from fire, explosion, flood or other calamity, whether or not covered by insurance, or from any labor dispute or court or governmental action, order or decree, (b) issued or granted any securities, (c) incurred any material liability or
obligation, direct or contingent, other than liabilities and obligations that were incurred in the ordinary course of business, (d) entered into any material transaction not in the ordinary course of business, or (e) declared or paid any
distribution or dividend on its equity interests, and since such date, there has not been any change in the equity interests or long-term debt of any of the Partnership Entities or any adverse change, or any development involving a prospective
adverse change, in or affecting the condition (financial or otherwise), results of operations, partners’ equity, properties, management, business or prospects of the Partnership Entities taken as a whole, in each case, except as could not, in
the aggregate, reasonably be expected to have a Material Adverse Effect. 
 Section 3.17 Title to Properties. Each of the
Partnership and the Subsidiaries has legal, valid and defensible title to all of their interests in all real and personal property owned by them, in each case free and clear of all Liens and defects of any kind, except (a) such as are described
in the SEC Reports or (b) those that do not materially affect or interfere with the use made and proposed to be made of such properties taken as a whole. Any property held under lease or sublease by the Partnership or any of the Subsidiaries is
held under valid, subsisting and enforceable leases or subleases with such exceptions as are not material and do not interfere with the use made and proposed to be made of such properties taken as a whole by the Partnership and the Subsidiaries or
except such as are described in the SEC Reports. None of the Partnership and the Subsidiaries has any notice or knowledge of any claim of any sort that has been, or may be, asserted by anyone adverse to the Partnership’s or the
Subsidiaries’ rights as lessee or sublessee under any lease or sublease described above, or affecting or questioning the Partnership’s or any of the Subsidiaries’ rights to the continued possession of the leased or subleased premises
under any such lease or sublease in conflict with the terms thereof except for such claims that would not result in a Material Adverse Effect. 

  
 24 

 Section 3.18 Rights of Way. Each of the Partnership and the Subsidiaries has
such consents, easements, rights-of-way, permits or licenses from each Person (collectively,
“rights-of-way”) as are necessary to conduct its business in the manner described in the SEC Reports, subject to the limitations described in the SEC
Reports, if any, except for (a) qualifications, reservations and encumbrances with respect thereto that could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect and (b) such rights-of-way that, if not obtained, could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect; and each of the Partnership and the
Subsidiaries has fulfilled and performed, in all material respects, its obligations with respect to such rights-of-way and no event has occurred that allows, or after
notice or lapse of time would allow, revocation or termination thereof or would result in any impairment of the rights of the holder of any such rights-of-way, except
for such revocations, terminations and impairments that could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. 

Section 3.19 Permits. None of the Partnership Entities is in violation of any law, ordinance, governmental rule or regulation or
court decree to which it may be subject or has failed to obtain any license, permit, franchise or other governmental authorization necessary to the ownership of its property or to the conduct of its business, which violation or failure would have a
Material Adverse Effect; and the Partnership Entities own or possess or have obtained all governmental licenses, permits, consents, orders, approvals and other authorizations (“Permits”) and have properly filed with the appropriate
authorities all notices, applications and other documents necessary to lease or own their respective properties and to carry on their respective businesses as presently conducted, except where the failure to possess such licenses or authorizations
or make such filings would not have a Material Adverse Effect. No event has occurred that would prevent the Permits from being renewed or reissued or which allows, or after notice or lapse of time would allow, revocation or termination thereof or
results in any impairment of the rights of the holder of any such Permit. None of the Partnership Entities has received any notice of proceedings relating to the revocation or modification of any such Permits or has any reason to believe that any
such Permits will not be renewed in the ordinary course. 
 Section 3.20 Intellectual Property. Each of the Partnership and the
Subsidiaries own or possess, or can acquire on reasonable terms, adequate patents, patent rights, licenses, inventions, copyrights, know how (including trade secrets and other unpatented and/or unpatentable proprietary or confidential information,
systems or procedures), trademarks, service marks, trade names or other intellectual property (collectively, “Intellectual Property”) necessary to carry on the business now operated by them, and none of the Partnership nor any of
the Subsidiaries has received any notice or is otherwise aware of any infringement of or conflict with asserted rights of others with respect to any Intellectual Property or of any facts or circumstances that would render any Intellectual Property
invalid or inadequate to protect the interest of the Partnership or any of the Subsidiaries therein, and which infringement or conflict (if the subject of any unfavorable decision, ruling or finding) or invalidity or inadequacy, singly or in the
aggregate, would result in a Material Adverse Effect. 

  
 25 

 Section 3.21 Insurance. Each of the Partnership and the Subsidiaries has
insurance from insurers that have (or whose reinsurers have) recognized financial responsibility and such insurance is in such amounts and covering such risks as is adequate for the conduct of their respective businesses and the value of their
respective properties and as is customary for companies engaged in similar businesses in similar industries. All policies of insurance covering the Partnership and the Subsidiaries are in full force and effect; each of the Partnership and the
Subsidiaries is in compliance with the terms of such policies in all material respects; and none of the Partnership or any of the Subsidiaries has received notice from any insurer or agent of such insurer that capital improvements or other
expenditures are required or necessary to be made in order to continue such insurance; there are no claims by any of the Partnership or any of the Subsidiaries under any such policy or instrument as to which any insurance company is denying
liability or defending under a reservation of rights clause; and none of the Partnership or any of the Subsidiaries has any reason to believe that it will not be able to renew its existing insurance coverage as and when such coverage expires or to
obtain similar coverage from similar insurers as may be necessary to continue its business at a cost that could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. 

Section 3.22 No Labor Dispute. No labor dispute with the employees of any of the Noble Entities that are working on behalf of any
of the Partnership Entities pursuant to the Omnibus Agreement, Operational Services and Secondment Agreement or otherwise, exists or, to the knowledge of the Partnership, is imminent that would result in a Material Adverse Effect. 

Section 3.23 Environmental Compliance. Except as described in the SEC Reports, (a) neither the Partnership nor any of the
Subsidiaries is in violation of any federal, state, local or foreign statute, law, rule, regulation, ordinance, code, policy or rule of common law or any judicial or administrative interpretation thereof, including any judicial or administrative
order, consent, decree or judgment, relating to pollution or protection of human health, the environment (including, without limitation, ambient air, surface water, groundwater, land surface or subsurface strata) or wildlife, including, without
limitation, laws and regulations relating to the release or threatened release of chemicals, pollutants, contaminants, wastes, toxic substances, hazardous substances or petroleum or petroleum products (collectively, “Hazardous
Materials”) or to the manufacture, processing, distribution, use, treatment, storage, disposal, transport or handling of Hazardous Materials (collectively, “Environmental Laws”), (b) the Partnership and the Subsidiaries
have all permits, authorizations and approvals required under any applicable Environmental Laws and are each in compliance with their requirements, (c) there are no pending or threatened administrative, regulatory or judicial actions, suits,
demands, demand letters, claims, liens, notices of noncompliance or violation, investigation or proceedings relating to any Environmental Law against the Partnership or any of the Subsidiaries, other than such proceedings regarding which it is
reasonably believed no monetary sanctions of $100,000 or more will be imposed, and (d) there are no events or circumstances that would reasonably be expected to form the basis of an order for clean-up or
remediation, or an action, suit or proceeding by any private party or governmental body or agency, against or affecting the Partnership or any of the Subsidiaries relating to Hazardous Materials or any Environmental Laws, except, in the case of (a),
(b) or (d), as would not, singly or in the aggregate, result in a Material Adverse Effect. 
 Section 3.24 FERC. White Cliffs,
EPIC Crude Pipeline Company, LP, and EPIC Y-Grade Pipeline, LP provide “common carrier” service (“Common Carrier Pipelines”) subject to regulation by the Federal Energy Regulatory
Commission (“FERC”) under the Interstate Commerce Act. To the knowledge of the Partnership, there are no administrative or regulatory proceedings pending or threatened against the Common Carrier Pipelines the result of which are
reasonably likely to materially change, alter or modify the rates, charges or fees for transportation services related to any FERC-regulated line or any other terms or conditions of service currently in effect under any tariffs issued by the Common
Carrier Pipelines. 

  
 26 

 Section 3.25 Tax Returns. The Partnership Entities have filed all federal,
state, local and foreign tax returns required to be filed through the date hereof, subject to permitted extensions, and have paid all taxes due, except as would not, individually or in the aggregate, reasonably be expected to have a Material Adverse
Effect, and no tax deficiency has been determined adversely to the Partnership Entities, nor does the Partnership have any knowledge of any tax deficiencies that have been, or could reasonably be expected to be asserted against the Partnership
Entities, that could, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. 
 Section 3.26
ERISA. (a) Each “employee benefit plan” (within the meaning of Section 3(3) of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”)) for which the Partnership Entities or any trade or
business (whether or not incorporated) which is considered a single employer with a Partnership Entity within the meaning of Section 414 of the Internal Revenue Code of 1986, as amended (the “Code”) (such an entity, an
“ERISA Affiliate”) would have any actual or potential liability (each a “Plan”) has been maintained in material compliance with its terms and with the requirements of all applicable statutes, rules and regulations
including ERISA and the Code; (b) no prohibited transaction, within the meaning of Section 406 of ERISA or Section 4975 of the Code or any similar applicable law, has occurred with respect to any Plan, excluding transactions effected
pursuant to a statutory or administrative exemption; (c) no Partnership Entity or any ERISA Affiliate of any of the foregoing (i) sponsors, maintains, contributes to or is required to contribute to any plan subject to Title IV of ERISA,
Section 302 of ERISA or Section 412 of the Code or a “multiemployer plan” within the meaning of Section 4001(a)(3) of ERISA; or (ii) would reasonably be expected to have any material liability with respect to any plan
described in the preceding clause (i) that any such entity has sponsored, maintained, or contributed to or was required to contribute to during the past six (6) years; and (d) each Plan that is intended to be qualified under
Section 401(a) of the Code is so qualified and nothing has occurred, whether by action or by failure to act, which could reasonably be expected to cause the loss of such qualification. 

Section 3.27 No Employment Law Violations. None of the Partnership Entities is in violation of or has received notice of any
violation with respect to any federal or state law relating to discrimination in the hiring, promotion or pay of employees, nor any applicable federal or state wage and hour laws, nor any state law precluding the denial of credit due to the
neighborhood in which a property is situated, the violation of any of which could reasonably be expected to have a Material Adverse Effect. 

Section 3.28 Anti-Corruption. 

(a) None of the Partnership Entities nor, to the Partnership’s knowledge, any director, officer, agent, employee or affiliate of any of
the Partnership Entities has taken any action, directly or indirectly, that would result in a violation of the Foreign Corrupt Practices Act of 1977, as amended, and the rules and regulations thereunder (the “FCPA”), including,
without limitation, making use of the mails or any means or instrumentality of interstate commerce corruptly in furtherance of an offer, payment, promise to pay or authorization of the payment of any money, or other property, gift, promise to give,
or authorization of the giving of anything of value to any “foreign official” (as such term is defined in the FCPA) or any foreign political party or official thereof or any candidate for foreign political office, in contravention of the
FCPA, or of the Bribery 

  
 27 

 
Act 2010 of the United Kingdom, and the Partnership Entities and, to the knowledge of the Partnership, their Affiliates have conducted their businesses in compliance with the FCPA and have
instituted and maintain policies and procedures designed to ensure, and which are reasonably expected to continue to ensure, continued compliance therewith. 

(b) The operations of the Partnership Entities are and have been conducted at all times in compliance in all material respects with applicable
financial recordkeeping and reporting requirements of the Currency and Foreign Transactions Reporting Act of 1970, as amended, the money laundering statutes of all applicable jurisdictions, the rules and regulations thereunder and any related or
similar rules, regulations or guidelines issued, administered or enforced by any court, arbitrator, regulatory body, administrative agency, governmental body or other authority or agency that, in each case, are applicable to the business and
operations of the Partnership and the Subsidiaries (collectively, the “Money Laundering Laws”). No action, suit or proceeding by or before any court, arbitrator, regulatory body, administrative agency, governmental body or other
authority or agency involving the Partnership Entities with respect to the Money Laundering Laws is pending or, to the Partnership’s knowledge, threatened. 

Section 3.29 OFAC. None of the Partnership Entities nor, to the Partnership’s knowledge, any director, officer, agent,
employee or affiliate of any of the Partnership Entities is currently subject to any U.S. sanctions administered by the Office of Foreign Assets Control of the U.S. Treasury Department (“OFAC”). The Partnership will not directly or
indirectly use the proceeds from the sale of the Purchased Units, or lend, contribute or otherwise make available such proceeds, to any subsidiary, joint venture partner or other person or entity in any manner that, to the Partnership’s
knowledge, would result in a violation of any economic sanctions imposed by the United States (including any administered or enforced by OFAC, the U.S. Department of State, or the Bureau of Industry and Security of the U.S. Department of Commerce),
the United Nations Security Council, the European Union, or the United Kingdom (including sanctions administered or controlled by Her Majesty’s Treasury) (collectively, “Sanctions” and such persons, “Sanctioned
Persons”). 
 Section 3.30 Sanctions. None of the Partnership Entities nor, to the knowledge of the Partnership, any
director, officer, agent, employee or affiliate of any of the Partnership Entities, is a person that is, or is 50% or more owned or otherwise controlled by a person that is: (a) the subject of any Sanctions; or (b) located, organized or
resident in Burma (Myanmar), Cuba, Iran, North Korea, Sudan, and Syria (collectively, “Sanctioned Countries” and each, a “Sanctioned Country”). Except as has been disclosed to the Purchasers or is not material to
the analysis under any Sanctions, none of the Partnership Entities has engaged in any dealings or transactions with or for the benefit of a Sanctioned Person, or with or in a Sanctioned Country, in the preceding 3 years, nor does any Partnership
Entity have any plans to initiate any dealings or transactions with Sanctioned Persons, or with or in Sanctioned Countries. 

Section 3.31 Certain Fees. Other than as described in the Placement Agent Engagement Letter, none of the Partnership Entities is a
party to any contract, agreement or understanding with any Person (other than this Agreement) that would give rise to a valid claim against any of them or the Purchasers for a brokerage commission, finders’ fee or like payment in connection
with the offering and sale of the Purchased Units. The Partnership agrees that it will indemnify and hold harmless each Purchaser from and against any and all claims, demands or liabilities for broker’s, finder’s, placement or other
similar fees or commissions incurred by the Partnership in connection with the purchase of the Purchased Units or the consummation of the transactions contemplated by this Agreement. 

  
 28 

 Section 3.32 No Side Agreements. There are no agreements by, among or between
the Partnership or any of its Affiliates, on the one hand, and any Purchaser or any of their Affiliates, on the other hand, with respect to the transactions contemplated hereby other than the Operative Documents nor promises or inducements for
future transactions between or among any of such parties. 
 Section 3.33 No Registration. Assuming the accuracy of the
representations and warranties of the Purchaser contained in Section 4.6 and Section 4.7, the issuance and sale of the Purchased Units pursuant to this Agreement is exempt from registration
requirements of the Securities Act, and neither the Partnership nor, to the knowledge of the Partnership, any authorized Representative acting on its behalf has taken or will take any action hereafter that would cause the loss of such exemption.

 Section 3.34 No Integration. The Partnership has not, directly or through any agent, issued, sold, offered for sale,
solicited offers to buy or otherwise negotiated in respect of, any security (as defined in the Securities Act), that is or will be integrated with the issuance and sale of the Purchased Units contemplated by this Agreement pursuant to the Securities
Act, the rules and regulations thereunder or the interpretations thereof by the Commission. 
 Section 3.35 MLP Status. The
Partnership is properly treated as a partnership for United States federal income tax purposes, and more than 90% of the Partnership’s gross income for the current period is, and for each of the Partnership’s taxable years ending after
September 20, 2016 has been, “qualifying income” under Section 7704(d) of the Code. 
 Section 3.36 Qualifying
Income of Contributed Interests. After the closing date of the transactions contemplated by the Contribution Agreement, the Partnership expects that more than 90% of the gross income of the Partnership in 2019 will be “qualifying
income” under Section 7704(d) of the Code. 
 Section 3.37 Investment Company. The Partnership is and, as of the
Closing Date after giving effect to the offer and sale of the Purchased Units and the application of the proceeds therefrom, will not be, (a) an “investment company” or a company “controlled” by an “investment
company” within the meaning of the Investment Company Act of 1940, as amended, and the rules and regulations of the Commission thereunder (collectively, the “Investment Company Act”) or (b) a “business development
company” (as defined in Section 2(a)(48) of the Investment Company Act). 
 Section 3.38 Disclosure Controls and
Procedures. To the extent required by Rule 13a-15 under the Exchange Act, the Partnership has established and maintains an effective system of “disclosure controls and procedures” (as defined in
Rules 13a-15(e) and 15d-15(e) under the Exchange Act) that complies with the requirements of the Exchange Act; the Partnership’s “disclosure controls and
procedures” are reasonably designed to ensure that all information (both financial and non-financial) required to be disclosed by the Partnership in the reports to be filed or submitted under the Exchange
Act is recorded, processed, summarized and reported within the 

  
 29 

 
time periods specified in the Exchange Act, and that all such information is accumulated and communicated to the Partnership’s management as appropriate to allow timely decisions regarding
required disclosure and to make the certifications of the Chief Executive Officer and Chief Financial Officer of the General Partner required under the Exchange Act with respect to such reports. 

Section 3.39 Internal Controls. The Partnership Entities maintain systems of “internal control over financial reporting”
(as defined in Rule 13a-15(f) of the Exchange Act) that comply with the requirements of the Exchange Act and have been designed by, or under the supervision of, their respective principal executive and
principal financial officers, or persons performing similar functions, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with GAAP,
including, but not limited to, internal accounting controls sufficient to provide reasonable assurance that (a) transactions are executed in accordance with management’s general or specific authorizations; (b) transactions are
recorded as necessary to permit preparation of financial statements in conformity with GAAP and to maintain asset accountability; (c) access to assets is permitted only in accordance with management’s general or specific authorization; and
(d) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences. As of the date of the most recent balance sheet of the Partnership and its
consolidated subsidiaries reviewed or audited by KPMG LLP, there were no material weaknesses or significant deficiencies in the Partnership’s internal controls. Except as disclosed in the SEC Reports, the Partnership is not aware of
(i) any material weakness in its internal control over financial reporting or (ii) any change in internal control over financial reporting that has materially affected, or is reasonably likely to materially affect, the Partnership’s
internal control over financial reporting. 
 Section 3.40 Placement Agent Reliance. The Partnership acknowledges that each of
the Placement Agents may rely upon the representations and warranties made by the Partnership to each Purchaser in this Agreement. 

Section 3.41 Legal Sufficiency of the Contribution Agreement. The Contribution Agreement is legally sufficient to transfer or
convey to the Partnership (a) all of the transferor’s right, title and interest in and to the Contributed Interests and (b) all of the ownership interests, assets and rights in and to the Contributed Interests purported to be
transferred thereby, subject to the conditions, reservations, encumbrances and limitations contained in the Contribution Agreement. The Partnership, upon consummation of the transactions contemplated by the Contribution Agreement, will directly or
indirectly succeed in all material respects to the Contributed Interests. 
 Section 3.42 Absence of Price Manipulation. Neither
the Partnership nor, to the knowledge of the Partnership, any of its Affiliates or its or their respective directors or officers, has taken, or will take, directly or indirectly, any action designed to, or that might reasonably be expected to, cause
or result in stabilization or manipulation of the price of the Common Units to facilitate the sale or resale of the Purchased Units in violation of Regulation M under the Exchange Act. 

  
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 ARTICLE IV 

REPRESENTATIONS AND WARRANTIES OF THE PURCHASERS 

Each Purchaser, severally and not jointly, hereby represents and warrants to the Partnership that: 

Section 4.1 Existence. Such Purchaser is duly organized and validly existing and in good standing under the Laws of its
jurisdiction of organization, with all requisite power and authority to own, lease, use and operate its properties and to conduct its business as currently conducted, except where the failure to have such power or authority would not prevent the
consummation of the transactions contemplated by this Agreement and the Registration Rights Agreement. 
 Section 4.2 Authorization,
Enforceability. Such Purchaser has all necessary corporate, limited liability company or partnership power and authority to execute, deliver and perform its obligations under this Agreement and the Registration Rights Agreement and to consummate
the transactions contemplated hereby and thereby, and the execution, delivery and performance by such Purchaser of this Agreement and the Registration Rights Agreement has been duly authorized by all necessary action on the part of such Purchaser;
and this Agreement and the Registration Rights Agreement constitute the legal, valid and binding obligations of such Purchaser, enforceable in accordance with their terms, subject to the Enforceability Exceptions. 

Section 4.3 No Breach. The execution, delivery and performance of this Agreement and the Registration Rights Agreement by such
Purchaser and the consummation by such Purchaser of the transactions contemplated hereby and thereby will not (a) conflict with or result in a breach or violation of any of the terms or provisions of, or constitute a default under, any material
agreement to which such Purchaser is a party or by which such Purchaser is bound or to which any of the property or assets of such Purchaser is subject, (b) conflict with or result in any violation of the provisions of any certificate of
limited partnership, formation or incorporation, agreement of limited partnership, limited liability company agreement, bylaws or any other organizational documents of such Purchaser, or (c) violate any statute, order, rule or regulation of any
court or governmental agency or body having jurisdiction over such Purchaser or the property or assets of such Purchaser, except in the cases of clauses (a) and (c), for such conflicts, breaches, violations or defaults as would
not prevent the consummation of the transactions contemplated by this Agreement and the Registration Rights Agreement. 
 Section 4.4
Certain Fees. No fees or commissions are or will be payable by such Purchaser to brokers, finders, or investment bankers with respect to the purchase of any of the Purchased Units or the consummation of the transactions contemplated by this
Agreement. 
 Section 4.5 No Side Agreements. There are no other agreements by, among or between such Purchaser and any of its
Affiliates, on the one hand, and the Partnership or any of its Affiliates, on the other hand, with respect to the transactions contemplated hereby, other than the Operative Documents, nor promises or inducements for future transactions between or
among any of such parties. 

  
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 Section 4.6 Investment. The Purchased Units are being acquired for such
Purchaser’s own account, the account of its Affiliates, or the accounts of clients for whom such Purchaser exercises discretionary investment authority (all of whom such Purchaser hereby represents and warrants are “accredited
investors” within the meaning of Rule 501(a) of Regulation D promulgated by the Commission pursuant to the Securities Act), not as a nominee or agent, and with no present intention of distributing the Purchased Units or any part thereof, and
such Purchaser has no present intention of selling or granting any participation in or otherwise distributing the same in any transaction in violation of the securities laws of the United States or any state, without prejudice, however, to such
Purchaser’s right at all times to sell or otherwise dispose of all or any part of the Purchased Units under a registration statement under the Securities Act and applicable state securities laws or under an exemption from such registration
available thereunder (including, without limitation, if available, Rule 144 promulgated thereunder). If such Purchaser should in the future decide to dispose of any of the Purchased Units, the Purchaser understands and agrees (a) that it may do
so only in compliance with the Securities Act and applicable state securities law, as then in effect, including a sale contemplated by any registration statement pursuant to which such securities are being offered, or pursuant to an exemption from
the Securities Act, and (b) that stop-transfer instructions to that effect will be in effect with respect to such securities. Notwithstanding the foregoing, each Purchaser may at any time enter into one or more over-the-counter transactions with respect to such Purchaser’s Purchased Units with a third party, provided that such transactions referencing the Common Units are exempt from registration under the
Securities Act. 
 Section 4.7 Nature of Purchaser. Such Purchaser represents and warrants to, and covenants and agrees with,
the Partnership that, (a) it is an “accredited investor” within the meaning of Rule 501 of Regulation D promulgated by the Commission pursuant to the Securities Act, (b) by reason of its business and financial experience it has
such knowledge, sophistication and experience in making similar investments and in business and financial matters generally so as to be capable of evaluating the merits and risks of the prospective investment in the Purchased Units and (c) is
able to bear the economic risk of such investment and, at the present time, would be able to afford a complete loss of such investment. 

Section 4.8 Restricted Securities. Such Purchaser understands that the Purchased Units are characterized as “restricted
securities” under the federal securities Laws inasmuch as they are being acquired from the Partnership in a transaction not involving a public offering and that under such Laws and applicable regulations such securities may not be resold absent
registration under the Securities Act or an exemption therefrom. In this connection, such Purchaser represents that it is knowledgeable with respect to Rule 144 of the Commission promulgated under the Securities Act. 

Section 4.9 Legend. Such Purchaser understands that the book entry evidencing the Purchased Units will bear the legend required by
the Partnership Agreement as well as a legend substantively consistent with the following legend: “These securities have not been registered under the Securities Act. These securities may not be sold or offered for sale except pursuant to an
effective registration statement under the Securities Act or pursuant to an exemption from registration thereunder, in each case in accordance with all applicable securities laws of the states or other jurisdictions, and in the case of a transaction
exempt from registration, such securities may only be transferred if the transfer agent for such securities has received documentation satisfactory to it that such transaction does not require registration under the Securities Act.” 

  
 32 

 Section 4.10 Partnership Information. Such Purchaser acknowledges and agrees
that the Partnership has provided or made available to such Purchaser (through EDGAR, the Partnership’s website or otherwise) all SEC Reports, as well as all press releases or investor presentations issued by the Partnership through the date of
this Agreement that are included in a filing by the Partnership on Form 8-K or clearly posted on the Partnership’s website. 

Section 4.11 Placement Agent Reliance. Such Purchaser agrees that each of the Placement Agents may rely upon the representations
and warranties made by such Purchaser to the Partnership in this Agreement. In addition, such Purchaser acknowledges and agrees that (i) each of the Placement Agents is acting solely as a placement agent in connection with the private placement
by the Partnership of the Common Units contemplated hereunder and is not acting as an underwriter or in any other capacity and is not and shall not be construed as a fiduciary for any Purchaser, the Partnership or any other person or entity in
connection with the transactions set forth hereunder, (ii) none of the Placement Agents has made and will not make any representations, declarations or warranties, whether express or implied, of any kind or character and has not provided any
advice or recommendation to such Purchaser regarding the Partnership or its offering of the Common Units; (iii) such Purchaser, in making its investment decision with respect to whether to invest in the Common Units offered by the Partnership
hereunder has relied on its own analysis and decision, and has not relied on any of the Placement Agents or their respective representatives for any purpose; and (iv) none of the Placement Agents has offered to sell, or solicited an offer to
buy, any of the Common Units, which such Purchaser proposes to acquire from the Partnership. Such Purchaser further acknowledges and agrees that (A) except for the representations, warranties and agreements of the Partnership expressly set
forth in the Purchase Agreement, such Purchaser is relying exclusively on its own sources of information, investment analysis and due diligence (including professional advice such Purchaser deems appropriate) with respect to the Purchased Units, the
transactions contemplated hereunder and the business, condition (financial and otherwise), management, operations, properties and prospects of the Partnership, including but not limited to all business, legal, regulatory, accounting, credit and tax
matters, (B) no Placement Agent shall have responsibility with respect to (i) any representations, warranties or agreements made by any person or entity under or in connection with the transactions contemplated hereunder or any of the
documents furnished pursuant thereto or in connection therewith, or the execution, legality, validity or enforceability (with respect to any person) or any thereof, or (ii) the business, affairs, financial condition, operations, properties or
prospects of, or any other matter concerning the Partnership or the transactions contemplated hereunder, and (C) no Placement Agent shall have any liability or obligation (including without limitation, for or with respect to any losses, claims,
damages, obligations, penalties, judgments, awards, liabilities, costs, expenses or disbursements incurred by such Purchaser, the Partnership or any other person or entity), whether in contract, tort or otherwise, to such Purchaser, or to any person
claiming through such Purchaser, in respect of the transactions contemplated hereunder. 
 Section 4.12 Short Selling. Such
Purchaser represents that it has not entered into any Short Sales of the Common Units owned by it since the time it first began discussions with the Partnership or the Placement Agents about the transactions contemplated by this Agreement;
provided, however, subject to such Purchaser’s compliance with its obligations under the U.S. 

  
 33 

 
federal securities laws and its internal policies, the above shall not apply, in the case of a Purchaser that is a large multi-unit investment or commercial banking organization, to activities in
the normal course of trading units of such Purchaser; provided, further, that subject to such Purchaser’s compliance with its obligations under the U.S. federal securities laws and its internal policies: (a) such Purchaser, for
purposes hereof, shall not be deemed to include any employees, subsidiaries or Affiliates that are effectively walled off by appropriate “Chinese Wall” information barriers approved by such Purchaser’s legal or compliance department
(and thus have not been privy to any information concerning this transaction) (a “Walled Off Person”) and (b) the foregoing representations in this paragraph shall not apply to any transaction by or on behalf of such Purchaser
that was effected by a Walled Off Person in the ordinary course of trading without the advice or participation of such Purchaser or receipt of confidential or other information regarding this transaction provided by such Purchaser to such entity.

 ARTICLE V 

COVENANTS 

Section 5.1 Taking of Necessary Action. Each of the parties hereto shall use its commercially reasonable efforts promptly to take
or cause to be taken all action and promptly to do or cause to be done all things necessary, proper or advisable under applicable Law and regulations to consummate and make effective the transactions contemplated by this Agreement. Without limiting
the foregoing, the Partnership and each Purchaser shall use its commercially reasonable efforts to make all filings and obtain all Consents of Governmental Authorities that may be necessary or, in the reasonable opinion of the other parties, as the
case may be, advisable for the consummation of the transactions contemplated by the Operative Documents; provided, however, and notwithstanding anything to the contrary, that no Purchaser is under any obligation by reason of this
Section 5.1 to make, seek or receive any filings, notifications, consents, determinations, authorizations, permits, approvals, licenses or the like with or provide any documentation or information to any regulatory or
self-regulatory body having jurisdiction over the Partnership or Purchaser other than information that is already included in this Agreement or is otherwise in the public domain other than as may be requested by the Commission or pursuant to any
applicable securities or “Blue Sky” laws of the United States. The Partnership shall promptly and accurately respond, and shall use its commercially reasonable efforts to cause its transfer agent to respond, to reasonable requests for
information (which is otherwise not publicly available) made by a Purchaser or its auditors relating to the actual holdings of such Purchaser or its accounts; provided, that the Partnership shall not be obligated to provide any such
information that could reasonably result in a violation of applicable Law or conflict with the Partnership’s insider trading policy or a confidentiality obligation of the Partnership. The Partnership shall use its commercially reasonable
efforts to cause its transfer agent to reasonably cooperate with each Purchaser to ensure that the Purchased Units are validly and effectively issued to such Purchaser and that such Purchaser’s ownership of the Purchased Units following the
Closing is accurately reflected on the appropriate books and records of the Partnership’s transfer agent. 
 Section 5.2 Other
Actions. The Partnership shall file prior to the Closing a supplemental listing application with the NYSE to list the Purchased Units. 

  
 34 

 Section 5.3 Expenses. The Partnership shall pay up to $75,000 of legal fees of
reasonably acceptable counsel to certain of the Purchasers, incurred in connection with the negotiation, execution, delivery and performance of this Agreement and the Registration Rights Agreement and the transactions contemplated hereby and
thereby, provided that any request for such payment is accompanied by a satisfactory written invoice for such expenses. If any action at law or equity is necessary to enforce or interpret the terms of any Operative Document, the prevailing
party shall be entitled to reasonable attorney’s fees, costs and necessary disbursements in addition to any other relief to which such party may be entitled. 

Section 5.4 Non-Public Information. On or before 8:30 a.m., New York local time, on the
Business Day immediately following the date hereof, the Partnership shall issue a press release (the “Press Release”) announcing the entry into this Agreement and describing the terms of the transactions contemplated by this
Agreement and any other material, nonpublic information that the Partnership may have provided any Purchaser at any time prior to the issuance of the Press Release. On or before the fourth Business Day following the date hereof, the Partnership
shall file a Current Report on Form 8-K with the Commission describing the terms of the transactions contemplated by the Operative Documents, and including as an exhibit to such Current Report on Form 8-K the Operative Documents, in the form required by the Exchange Act. 
 Section 5.5 Use of
Proceeds. The Partnership shall use the net proceeds from the sale of the Purchased Units (after the payment of all related fees and expenses, including commissions and reimbursement of expenses to the Placement Agents) to fund a portion of the
Cash Consideration for the Contribution. 
 ARTICLE VI 

INDEMNIFICATION 

Section 6.1 Indemnification by the Partnership. The Partnership agrees to indemnify each Purchaser and its Representatives
(collectively, “Purchaser Related Parties”) from, and hold each of them harmless against, any and all actions, suits, proceedings (including any investigations, litigation or inquiries), demands, and causes of action, and, in
connection therewith, and promptly upon demand, pay or reimburse each of them for all costs, losses, liabilities, damages, or expenses of any kind or nature whatsoever, including, without limitation, the reasonable fees and disbursements of counsel
and all other reasonable expenses incurred in connection with investigating, defending or preparing to defend any such matter that may be incurred by them or asserted against or involve any of them as a result of, arising out of, or in any way
related to the breach of any of the representations, warranties or covenants of the Partnership contained herein, provided that such claim for indemnification relating to a breach of the representations or warranties is made prior to the
expiration of the survival period for such representations or warranties; and provided further, that no Purchaser Related Party shall be entitled to recover special, consequential (including lost profits) or punitive damages. Notwithstanding
anything to the contrary, consequential damages shall not be deemed to include diminution in value of the Purchased Units, which is specifically included in damages covered by Purchaser Related Parties’ indemnification above. 

Section 6.2 Indemnification Procedure. Promptly after receipt by an indemnified party under this
Article VI of notice of any claim or the commencement of any action, the indemnified party shall, if a claim in respect thereof is to be made against the indemnifying party under this Article VI,
notify the indemnifying party in writing of the claim or the commencement of that action; provided, however, that the failure to notify the indemnifying party shall not relieve it from 

  
 35 

 
any liability which it may have under Section 6.1 of this Article VI except to the extent it has been materially prejudiced (through the
forfeiture of substantive rights and defenses) by such failure and, provided, further, that the failure to notify the indemnifying party shall not relieve it from any liability which it may have to an indemnified party otherwise than under
this Article VI. If any such claim or action shall be brought against an indemnified party, and it shall notify the indemnifying party thereof, the indemnifying party shall be entitled to participate therein and, to the
extent that it wishes, jointly with any other similarly notified indemnifying party, to assume the defense thereof with counsel reasonably satisfactory to the indemnified party. After notice from the indemnifying party to the indemnified party of
its election to assume the defense of such claim or action, the indemnifying party shall not be liable to the indemnified party under this Article VI for any legal or other expenses subsequently incurred by the indemnified
party in connection with the defense thereof other than reasonable costs of investigation; provided, however, that the indemnified party shall have the right to employ counsel to represent jointly the indemnified party and those other
indemnified parties and their respective directors, officers, employees and controlling persons who may be subject to liability arising out of any claim in respect of which indemnity may be sought under this Article VI if
(a) the indemnified party and the indemnifying party shall have so mutually agreed; (b) the indemnifying party has failed within a reasonable time to retain counsel reasonably satisfactory to the indemnified party; (c) the indemnified
party and its directors, officers, employees and controlling persons shall have reasonably concluded that there may be legal defenses available to them that are different from or in addition to those available to the indemnifying party; or
(d) the named parties in any such proceeding (including any impleaded parties) include both the indemnified parties or their respective directors, officers, employees or controlling persons, on the one hand, and the indemnifying party, on the
other hand, and representation of both sets of parties by the same counsel would be inappropriate due to actual or potential differing interests between them, and in any such event the fees and expenses of such separate counsel shall be paid by the
indemnifying party. No indemnifying party shall (i) without the prior written consent of the indemnified parties (which consent shall not be unreasonably withheld), settle or compromise or consent to the entry of any judgment with respect to
any pending or threatened claim, action, suit or proceeding in respect of which indemnification or contribution may be sought hereunder (whether or not the indemnified parties are actual or potential parties to such claim or action) unless such
settlement, compromise or consent includes an unconditional release of each indemnified party from all liability arising out of such claim, action, suit or proceeding and does not include a statement as to, or an admission of fault, culpability or a
failure to act by or on behalf of any indemnified party, or (ii) be liable for any settlement of any such action effected without its written consent (which consent shall not be unreasonably withheld), but if settled with the consent of the
indemnifying party or if there be a final judgment for the plaintiff in any such action, the indemnifying party agrees to indemnify and hold harmless any indemnified party from and against any loss or liability by reason of such settlement or
judgment. Notwithstanding the foregoing sentence, if at any time an indemnified party shall have requested an indemnifying party to reimburse the indemnified party for fees and expenses of counsel to the extent required by
Section 6.1 hereof, the indemnifying party agrees that it shall be liable for any settlement of any proceeding effected without its written consent if (x) such settlement is entered into more than 30 days after receipt
by such indemnifying party of the aforesaid request and (y) such indemnifying party shall not have reimbursed the indemnified party in accordance with such request or disputed in good faith the indemnified party’s entitlement to such
reimbursement prior to the date of such settlement. 

  
 36 

 ARTICLE VII 

MISCELLANEOUS 

Section 7.1 Interpretation. Article, Section, Schedule, and Exhibit references are to this Agreement, unless otherwise specified.
All references to instruments, documents, contracts, and agreements are references to such instruments, documents, contracts, and agreements as the same may be amended, supplemented, and otherwise modified from time to time, unless otherwise
specified. The word “including” shall mean “including but not limited to.” Whenever any party has an obligation under the Operative Documents, the expense of complying with that obligation shall be an expense of such party unless
otherwise specified. Whenever any determination, consent, or approval is to be made or given by any Purchaser, such action shall be in such Purchaser’s sole discretion unless otherwise specified in this Agreement. If any provision in the
Operative Documents is held to be illegal, invalid, not binding, or unenforceable, such provision shall be fully severable and the Operative Documents shall be construed and enforced as if such illegal, invalid, not binding, or unenforceable
provision had never comprised a part of the Operative Documents, and the remaining provisions shall remain in full force and effect. The Operative Documents have been reviewed and negotiated by sophisticated parties with access to legal counsel and
shall not be construed against the drafter. 
 Section 7.2 Survival of Provisions. The representations and warranties set forth
in Sections 3.1, 3.2, 3.5, 3.7, 3.8, 3.9, 3.11, 3.31, 3.33, 3.40 and 3.41 (collectively, the “Fundamental Representations”) shall survive
indefinitely, Sections 3.10, 3.12, 3.16, 3.17, 3.18, 3.19, 3.20, 3.21, 3.22, 3.23, 3.24, 3.25, 3.26, 3.27, 3.28, 3.29, 3.30,
4.4, 4.5, 4.7, 4.8, 4.9 and 4.11 hereunder shall survive the execution and delivery of this Agreement for two years, and the other representations and warranties set forth herein shall survive for a period
of twelve (12) months following the Closing Date regardless of any investigation made by or on behalf of the Partnership or any Purchaser. The covenants made in this Agreement shall survive the Closing of the transactions described herein and
remain operative and in full force and effect regardless of acceptance of any of the Purchased Units and payment therefor and repayment, conversion, exercise or repurchase thereof. All indemnification obligations of the Partnership and the
Purchasers pursuant to this Agreement and the provisions of Article VI shall remain operative and in full force and effect unless such obligations are expressly terminated in a writing by the parties, regardless of any
purported general termination of this Agreement. 
 Section 7.3 No Waiver; Modifications in Writing. 

(a) Delay. No failure or delay on the part of any party in exercising any right, power, or remedy hereunder shall operate as a waiver
thereof, nor shall any single or partial exercise of any such right, power, or remedy preclude any other or further exercise thereof or the exercise of any other right, power, or remedy. The remedies provided for herein are cumulative and are not
exclusive of any remedies that may be available to a party at law or in equity or otherwise. 
 (b) Specific Waiver. Except as
otherwise provided herein, no amendment, waiver, consent, modification, or termination of any provision of this Agreement or any other Operative Document shall be effective unless signed by each of the parties hereto or thereto affected by such
amendment, waiver, consent, modification, or termination. Any amendment, 

  
 37 

 
supplement or modification of or to any provision of this Agreement, any waiver of any provision of this Agreement, and any consent to any departure by the Partnership from the terms of any
provision of this Agreement shall be effective only in the specific instance and for the specific purpose for which made or given. Except where notice is specifically required by this Agreement, no notice to or demand on the Partnership in any case
shall entitle the Partnership to any other or further notice or demand in similar or other circumstances. 
 Section 7.4 Binding
Effect; Assignment. 
 (a) Binding Effect. This Agreement shall be binding upon the Partnership, the Purchasers, and their
respective successors and permitted assigns. Except as expressly provided in this Agreement, this Agreement shall not be construed so as to confer any right or benefit upon any Person other than the parties to this Agreement and their respective
successors and permitted assigns. 
 (b) Assignment of Rights. All or any portion of the rights and obligations of any Purchaser under
this Agreement may be transferred by such Purchaser to any Affiliate of such Purchaser without the consent of the Partnership. No portion of the rights and obligations of any Purchaser under this Agreement may be transferred by such Purchaser to a non-Affiliate without the written consent of the Partnership (which consent shall not be unreasonably withheld by the Partnership). 

Section 7.5 Confidentiality. Notwithstanding anything herein to the contrary, to the extent that any Purchaser has executed or is
otherwise bound by a confidentiality agreement in favor of the Partnership, such Purchaser shall continue to be bound by such confidentiality agreement in accordance with the terms thereof. 

Section 7.6 Communications. All notices and demands provided for hereunder shall be in writing and shall be given by registered or
certified mail, return receipt requested, electronic mail, air courier guaranteeing overnight delivery or personal delivery to the following addresses: 

(a) If to any Purchaser, to the respective address listed on Schedule A to the Registration Rights Agreement; and 

(b) If to the Partnership: 

Noble Midstream Partners LP 

1001 Noble Energy Way 
 Houston,
Texas 77070 
 Attention:  Aaron Carlson 

Email: 

  
 38 

 with a copy to: 

Vinson & Elkins LLP 

1001 Fannin Street 
 Suite 2500

 Houston, Texas 77002 

Attention: Ramey Layne 

Email:       
 or
to such other address as the Partnership or such Purchaser may designate in writing. All notices and communications shall be deemed to have been duly given: at the time delivered by hand, if personally delivered; at the time of transmittal, if sent
via electronic mail; upon actual receipt if sent by certified mail, return receipt requested, or regular mail, if mailed; when receipt acknowledged, if sent via facsimile; and upon actual receipt when delivered to an air courier guaranteeing
overnight delivery. 
 Section 7.7 Removal of Legend. The Partnership, at its sole cost, shall remove the legend described in
Section 4.9 (or instruct its transfer agent to so remove such legend) from the certificates evidencing Purchased Units issued and sold to each Purchaser pursuant to this Agreement if (a) such Purchased Units are sold pursuant to an
effective registration statement under the Securities Act, (b) such Purchased Units are sold or transferred pursuant to Rule 144 (if the transferor is not an Affiliate of the Partnership), or (c) such Purchased Units are eligible for sale
under Rule 144, without the requirement for the Partnership to be in compliance with the current public information required under Rule 144(c)(1) (or Rule 144(i)(2), if applicable) as to such securities and without volume or manner of sale
restrictions. In connection with a sale of the Purchased Units by a Purchaser in reliance on Rule 144, the applicable Purchaser shall deliver to the transfer agent and the Partnership a customary representation letter providing to the transfer agent
and the Partnership any information the Partnership deems reasonably necessary to determine that the sale of the Purchased Units is made in compliance with Rule 144, including, as may be appropriate, a certification that the Purchaser is not an
Affiliate of the Partnership and regarding the length of time the Purchased Units have been held. Upon receipt of such representation letter, the Partnership shall promptly direct its transfer agent to remove the legend referred to in
Section 4.9 from the appropriate book-entry accounts maintained by the transfer agent, and the Partnership shall bear all costs associated therewith. After any Purchaser or its permitted assigns have held the Purchased
Units for such time as non-Affiliates are permitted to sell without volume limitations under Rule 144, if the certificate for such Purchased Units still bears the restrictive legend referred to in
Section 4.9, the Partnership agrees, upon request of the Purchaser or permitted assignee, to take all steps necessary to promptly effect the removal of the legend described in Section 4.9 from the
Purchased Units, and the Partnership shall bear all costs associated therewith, regardless of whether the request is made in connection with a sale or otherwise, so long as such Purchaser or its permitted assigns provide to the Partnership any
information the Partnership deems reasonably necessary to determine that the legend is no longer required under the Securities Act or applicable state laws, including a certification that the holder is not an Affiliate of the Partnership (and a
covenant to inform the Partnership if it should thereafter become an Affiliate and to consent to exchange its certificates for certificates bearing an appropriate restrictive legend) and regarding the length of time the Purchased Units have been
held. 

  
 39 

 Section 7.8 Entire Agreement. This Agreement, the other Operative Documents and
the other agreements and documents referred to herein are intended by the parties as a final expression of their agreement and intended to be a complete and exclusive statement of the agreement and understanding of the parties hereto in respect of
the subject matter contained herein and therein. There are no restrictions, promises, representations, warranties or undertakings, other than those set forth or referred to herein or the other Operative Documents with respect to the rights granted
by the Partnership or any of its Affiliates or any Purchaser or any of its Affiliates set forth herein or therein. This Agreement, the other Operative Documents and the other agreements and documents referred to herein or therein supersede all prior
agreements and understandings between the parties with respect to such subject matter. 
 Section 7.9 Governing Law. This
Agreement shall be governed by and construed in accordance with the laws of the State of New York without regard to conflict of laws principles (other than Section 5-1401 of the General Obligations Law).

 Section 7.10 Execution in Counterparts. This Agreement may be executed in any number of counterparts and by different parties
hereto in separate counterparts, each of which counterparts, when so executed and delivered, shall be deemed to be an original and all of which counterparts, taken together, shall constitute but one and the same Agreement. In the event that any
signature is delivered by facsimile transmission or by e-mail delivery of a “.pdf” format data file, such signature shall create a valid and binding obligation of the party executing (or on whose
behalf such signature is executed) with the same force and effect as if such facsimile or “.pdf” signature page were an original thereof. 

Section 7.11 Termination. 

(a) Notwithstanding anything herein to the contrary, this Agreement may be terminated at any time at or prior to the Closing by any Purchaser
(with respect to such Purchaser only), upon a breach in any material respect by the Partnership of any covenant or agreement set forth in this Agreement. 

(b) Notwithstanding anything herein to the contrary, this Agreement shall automatically terminate at any time at or prior to the Closing if a
statute, rule, order, decree or regulation shall have been enacted or promulgated, or if any action shall have been taken by any Governmental Authority of competent jurisdiction that permanently restrains, permanently precludes, permanently enjoins
or otherwise permanently prohibits the consummation of the transactions contemplated by this Agreement or makes the transactions contemplated by this Agreement illegal. 

(c) In the event of the termination of this Agreement as provided in this Section 7.11, this Agreement shall
forthwith become null and void. In the event of such termination, there shall be no liability on the part of any party hereto, except as set forth in Section 5.3 and Article VI of this Agreement.

  
 40 

 Section 7.12 Recapitalization, Exchanges, Etc. Affecting the Common Units. The
provisions of this Agreement shall apply to the full extent set forth herein with respect to any and all equity interests of the Partnership or any successor or assign of the Partnership (whether by merger, consolidation, sale of assets or
otherwise) which may be issued in respect of, in exchange for or in substitution of, the Common Units, and shall be appropriately adjusted for combinations, unit splits, recapitalizations and the like occurring after the date of this Agreement and
prior to the Closing. 
 [Signature pages to follow] 

  
 41 

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

			
	NOBLE MIDSTREAM PARTNERS LP
		
	By:	 	NOBLE MIDSTREAM GP LLC,
		 	its General Partner
		
	By:	 	 /s/ Thomas W. Christensen

	Name:	 	Thomas W. Christensen
	Title:	 	Chief Financial Officer

  
 Signature Page to Common
Unit Purchase Agreement 

 
			
	PURCHASERS:
	
	Fidelity Select Portfolios: Natural Gas Portfolio
		
	By:	 	 /s/ Colm Hogan

	Name:	 	Colm Hogan
	Title:	 	Authorized Signatory

  
 Signature Page to Common
Unit Purchase Agreement 

 
			
	 FIDELITY CENTRAL INVESTMENT

PORTFOLIOS LLC: Fidelity Energy Central Fund

		
	By:	 	 /s/ Colm Hogan

	Name:	 	Colm Hogan
	Title:	 	Authorized Signatory

  
 Signature Page to Common
Unit Purchase Agreement 

 
			
	 FIDELITY SELECT PORTFOLIOS: Energy

Portfolio

		
	By:	 	 /s/ Colm Hogan

	Name:	 	Colm Hogan
	Title:	 	Authorized Signatory

  
 Signature Page to Common
Unit Purchase Agreement 

 
			
	 FIDELITY ADVISOR SERIES VII: Fidelity

Advisor Energy Fund

		
	By:	 	 /s/ Colm Hogan

	Name:	 	Colm Hogan
	Title:	 	Authorized Signatory

  
 Signature Page to Common
Unit Purchase Agreement 

 
			
	 VARIABLE INSURANCE PRODUCTS FUND

IV: Energy Portfolio

		
	By:	 	 /s/ Colm Hogan

	Name:	 	Colm Hogan
	Title:	 	Authorized Signatory

  
 Signature Page to Common
Unit Purchase Agreement 

 
			
	 Fidelity Salem Street Trust: Fidelity Strategic

Dividend & Income Fund

		
	By:	 	 /s/ Colm Hogan

	Name:	 	Colm Hogan
	Title:	 	Authorized Signatory

  
 Signature Page to Common
Unit Purchase Agreement 

 
			
	 FIDELITY SELECT PORTFOLIOS: Natural

Resources Portfolio

		
	By:	 	 /s/ Colm Hogan

	Name:	 	Colm Hogan
	Title:	 	Authorized Signatory

  
 Signature Page to Common
Unit Purchase Agreement 

 
			
	Cohen & Steers Capital Management, Inc.
		
	By:	 	 /s/ Benjamin Morton

	Name:	 	Benjamin Morton
	Title:	 	Executive Vice President
	
	Cohen & Steers Infrastructure Fund, Inc.
	
	Cohen & Steers MLP Income and Energy Opportunity Fund, Inc.
	
	Cohen & Steers MLP & Energy Opportunity Fund Focus, Inc.
		
	By:	 	 /s/ Benjamin Morton

	Name:	 	Benjamin Morton
	Title:	 	Vice President
	
	Cohen & Steers Alternative Income Fund, Inc.
		
	By:	 	 /s/ Chris Rine

	Name:	 	Chris Rhine
	Title:	 	Vice President

  
 Signature Page to Common
Unit Purchase Agreement 

 
			
	 CLEARBRIDGE INVESTMENTS, LLC, As discretionary manager on behalf
of:

	
	ClearBridge MLP and Midstream Fund Inc.
	ClearBridge Energy Midstream Opportunity Fund Inc.
	ClearBridge MLP and Midstream Total Return Fund Inc.
	Kansas State University Foundation
	ClearBridge Energy Midstream Infrastructure Portfolio
		
	By:	 	 /s/ Barbara Brooke Manning

	Name:	 	Barbara Brooke Manning
	Title:	 	Managing Director

  
 Signature Page to Common
Unit Purchase Agreement 

 
			
	Salient MLP Fund L.P.
		
	By:	 	Salient Capital Advisors, LLC
		 	Its Investment Manager
		
	By:	 	 /s/ Gregory A. Reid

	Name:	 	Gregory A. Reid
	Title:	 	Managing Director

  
 Signature Page to Common
Unit Purchase Agreement 

 
			
	Salient MLP Total Return Fund, L.P.
		
	By:	 	Salient Capital Advisors, LLC
		 	Its Investment Manager
		
	By:	 	 /s/ Gregory A. Reid

	Name:	 	Gregory A. Reid
	Title:	 	Managing Director

  
 Signature Page to Common
Unit Purchase Agreement 

 
			
	Salient MLP & Energy Infrastructure Fund
		
	By:	 	Salient Capital Advisors, LLC
		 	Its Investment Manager
		
	By:	 	 /s/ Gregory A. Reid

	Name:	 	Gregory A. Reid
	Title:	 	Managing Director

  
 Signature Page to Common
Unit Purchase Agreement 

 
			
	Salient MLP & Midstream Income Fund, L.P.
		
	By:	 	Salient Capital Advisors, LLC
		 	Its Investment Manager
		
	By:	 	 /s/ Gregory A. Reid

	Name:	 	Gregory A. Reid
	Title:	 	Managing Director

  
 Signature Page to Common
Unit Purchase Agreement 

 
			
	Salient Midstream & MLP Fund
		
	By:	 	Salient Capital Advisors, LLC
		 	Its Investment Manager
		
	By:	 	 /s/ Gregory A. Reid

	Name:	 	Gregory A. Reid
	Title:	 	Managing Director

  
 Signature Page to Common
Unit Purchase Agreement 

 
			
	 STATE OF UTAH, SCHOOL AND

INSTITUTIONAL TRUST FUNDS

		
	By:	 	 /s/ Ryan Kulig

	Name:	 	Ryan Kulig
	Title:	 	Administrative Analyst

  
 Signature Page to Common
Unit Purchase Agreement 

 
			
	PURCHASERS:
	Fiduciary/Claymore Energy Infrastructure Fund
		
	By:	 	 /s/ Quinn T. Kiley

	Name:	 	Quinn T. Kiley
	Title:	 	Managing Director, Sr. Portfolio Manager

  
 Signature Page to Common
Unit Purchase Agreement 

 
			
	Tortoise MLP & Energy Income Fund
		
	By:	 	 /s/ Quinn T. Kiley

	Name:	 	Quinn T. Kiley
	Title:	 	Managing Director, Sr. Portfolio Manager

  
 Signature Page to Common
Unit Purchase Agreement 

 
			
	Nuveen Energy MLP Total Return Fund
		
	By:	 	 /s/ Quinn T. Kiley

	Name:	 	Quinn T. Kiley
	Title:	 	Managing Director, Sr. Portfolio Manager

  
 Signature Page to Common
Unit Purchase Agreement 

 
			
	Nuveen All Cap Energy MLP Opportunities Fund
		
	By:	 	 /s/ Quinn T. Kiley

	Name:	 	Quinn T. Kiley
	Title:	 	Managing Director, Sr. Portfolio Manager

  
 Signature Page to Common
Unit Purchase Agreement 

 
			
	Tortoise MLP & Energy Infrastructure Fund
		
	By:	 	 /s/ Quinn T. Kiley

	Name:	 	Quinn T. Kiley
	Title:	 	Managing Director, Sr. Portfolio Manager

  
 Signature Page to Common
Unit Purchase Agreement 

 
			
	By:	 	Brookfield Public Securities Group LLC, as Investment Adviser for the accounts on Schedule A
		
	By:	 	 /s/ Brian Hourihan

	Name:	 	Brian Hourihan
	Title:	 	Managing Director, Chief Compliance
	Officer and Regulatory Counsel

  
 Signature Page to Common
Unit Purchase Agreement 

 
			
	Kayne Anderson MLP/Midstream Investment Company
		
	By:	 	 /s/ James C. Baker

	Name:	 	James C. Baker
	Title:	 	Chief Executive Officer

  
 Signature Page to Common
Unit Purchase Agreement 

 
			
	TORTOISE ENERGY INFRASTRUCTURE CORP.
		
	By:	 	TORTOISE CAPITAL ADVISORS, L.L.C. as its Investment Adviser
		
	By:	 	 /s/ Brian Kessens

	Name:	 	Brian Kessens
	Title:	 	Managing Director

  
 Signature Page to Common
Unit Purchase Agreement 

 
			
	TORTOISE MIDSTREAM ENERGY FUND, INC.
		
	By:	 	TORTOISE CAPITAL ADVISORS, L.L.C. as its Investment Adviser
		
	By:	 	 /s/ Brian Kessens

	Name:	 	Brian Kessens
	Title:	 	Managing Director

  
 Signature Page to Common
Unit Purchase Agreement 

 
			
	TORTOISE POWER AND ENERGY INFRASTRUCTURE FUND, INC.
		
	By:	 	TORTOISE CAPITAL ADVISORS, L.L.C. as its Investment Adviser
		
	By:	 	 /s/ Brian Kessens

	Name:	 	Brian Kessens
	Title:	 	Managing Director

  
 Signature Page to Common
Unit Purchase Agreement 

 
			
	TORTOISE PIPELINE & ENERGY FUND, INC.
		
	By:	 	TORTOISE CAPITAL ADVISORS, L.L.C. as its Investment Adviser
		
	By:	 	 /s/ Brian Kessens

	Name:	 	Brian Kessens
	Title:	 	Managing Director

  
 Signature Page to Common
Unit Purchase Agreement 

 
			
	TORTOISE ENERGY INDEPENDENCE FUND, INC.
		
	By:	 	TORTOISE CAPITAL ADVISORS, L.L.C. as its Investment Adviser
		
	By:	 	 /s/ Brian Kessens

	Name:	 	Brian Kessens
	Title:	 	Managing Director

  
 Signature Page to Common
Unit Purchase Agreement 

 
			
	TORTOISE MLP & PIPELINE FUND
		
	By:	 	TORTOISE CAPITAL ADVISORS, L.L.C. as its Investment Adviser
		
	By:	 	 /s/ Brian Kessens

	Name:	 	Brian Kessens
	Title:	 	Managing Director

  
 Signature Page to Common
Unit Purchase Agreement 

 
			
	TORTOISE ESSENTIAL ASSETS INCOME TERM FUND
		
	By:	 	TORTOISE CAPITAL ADVISORS, L.L.C. as its Investment Adviser
		
	By:	 	 /s/ Brian Kessens

	Name:	 	Brian Kessens
	Title:	 	Managing Director

  
 Signature Page to Common
Unit Purchase Agreement 

 
			
	TORTOISE DIRECT OPPORTUNITIES FUND II, LP
		
	By:	 	TORTOISE CAPITAL ADVISORS, L.L.C. as its Investment Adviser
		
	By:	 	 /s/ Kyle Krueger

	Name:	 	Kyle Krueger
	Title:	 	Director

  
 Signature Page to Common
Unit Purchase Agreement 

 
			
	TEXAS MUTUAL INSURANCE COMPANY
		
	By:	 	TORTOISE CAPITAL ADVISORS, L.L.C. as its Investment Adviser
		
	By:	 	 /s/ Brian Kessens

	Name:	 	Brian Kessens
	Title:	 	Managing Director

  
 Signature Page to Common
Unit Purchase Agreement 

 
			
	PRINCIPAL DIVERSIFIED SELECT REAL ASSET FUND
		
	By:	 	TORTOISE CAPITAL ADVISORS, L.L.C. as its Investment Adviser
		
	By:	 	 /s/ Brian Kessens

	Name:	 	Brian Kessens
	Title:	 	Managing Director

  
 Signature Page to Common
Unit Purchase Agreement 

 
			
	HITE Hedge LP
		
	By:	 	 /s/ James Jampel

	Name:	 	James Jampel
	Title:	 	President

  
 Signature Page to Common
Unit Purchase Agreement 

 
			
	HITE Hedge QP LP
		
	By:	 	 /s/ James Jampel

	Name:	 	James Jampel
	Title:	 	President

  
 Signature Page to Common
Unit Purchase Agreement 

 
			
	HITE MLP Advantage LP
		
	By:	 	 /s/ James Jampel

	Name:	 	James Jampel
	Title:	 	President

  
 Signature Page to Common
Unit Purchase Agreement 

 
			
	HITE MLP LP
		
	By:	 	 /s/ James Jampel

	Name:	 	James Jampel
	Title:	 	President

  
 Signature Page to Common
Unit Purchase Agreement 

 
			
	HITE Energy LP
		
	By:	 	 /s/ James Jampel

	Name:	 	James Jampel
	Title:	 	President

  
 Signature Page to Common
Unit Purchase Agreement 

 
			
	 INVESCO OPPENHEIMER STEELPATH MLP

SELECT 40 FUND

		
	By:	 	 /s/ Beth Zayicek

	Name:	 	Beth Zayicek
	Title:	 	Vice President, Invesco Advisers, Inc.

  
 Signature Page to Common
Unit Purchase Agreement 

 EXHIBIT A 

FORM OF 
 REGISTRATION
RIGHTS AGREEMENT 
 BY AND AMONG 

NOBLE MIDSTREAM PARTNERS LP 

AND 
 THE PURCHASERS
NAMED ON SCHEDULE A HERETO 
 Exhibit A to Common Unit Purchase Agreement 

  
 1 

 FORM OF REGISTRATION RIGHTS AGREEMENT 

This REGISTRATION RIGHTS AGREEMENT (this “Agreement”) is made and entered into as of November
[    ], 2019, by and among Noble Midstream Partners LP, a Delaware limited partnership (the “Partnership”), and each of the Persons set forth on Schedule A to this Agreement
(each, a “Purchaser” and collectively, the “Purchasers”). 
 WHEREAS, this Agreement is made
and entered into in connection with the Closing of the issuance and sale of the Purchased Units pursuant to the Common Unit Purchase Agreement, dated as of November 14, 2019, by and among the Partnership and the Purchasers (the
“Common Unit Purchase Agreement”); and 
 WHEREAS, the Partnership has agreed to provide the registration and other
rights set forth in this Agreement for the benefit of the Purchasers pursuant to the Common Unit Purchase Agreement. 
 NOW THEREFORE, in
consideration of the mutual covenants and agreements set forth herein and for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by each party hereto, the parties hereby agree as follows: 

ARTICLE VIII 

DEFINITIONS 

Section 8.1 Definitions. Capitalized terms used herein without definition shall have the meanings given to them in the Common Unit
Purchase Agreement. The terms set forth below are used herein as so defined: 
 “Affiliate” means, with respect to
any Person, any other Person that directly or indirectly through one or more intermediaries controls, is controlled by or is under common control with, the Person in question. As used herein, the term “control” means the possession, direct
or indirect, of the power to direct or cause the direction of the management and policies of a Person, whether through ownership of voting securities, by contract or otherwise. 

“Aggregate Purchase Price” means the product of (i) the Common Unit Price multiplied by (ii) the aggregate
number of Purchased Units purchased by the Purchasers. 
 “Agreement” has the meaning specified therefor in the
introductory paragraph of this Agreement. 
 “Commission” means the U.S. Securities and Exchange
Commission. 
 “Common Unit Price” has the meaning given to such term in the Common Unit Purchase Agreement. 

“Common Unit Purchase Agreement” has the meaning specified therefor in the recitals of this Agreement. 

  
 Exhibit A to Common Unit
Purchase Agreement 
 2 

 “Effectiveness Period” has the meaning specified therefor
in Section 2.01(a) of this Agreement. 
 “General Partner” means Noble Midstream GP, LLC, a
Delaware limited liability company. 
 “Holder” means the record holder of any Registrable Securities. 

“Included Registrable Securities” has the meaning specified therefor in Section 2.01(a) of this
Agreement. 
 “Liquidated Damages” has the meaning specified therefor in Section 2.01(b) of this
Agreement. 
 “Liquidated Damages Multiplier” means, with respect to a particular Purchaser, (i) the product of
the Common Unit Price multiplied by (ii) the number of Purchased Units purchased by such Purchaser that may not be disposed of without restriction and without the need for current public information pursuant to any section of Rule 144 (or
any similar provision then in effect) under the Securities Act. 
 “Losses” has the meaning specified therefor
in Section 2.09(a) of this Agreement. 
 “Managing Underwriter” means, with respect to any
Underwritten Offering, the book-running lead manager or managers of such Underwritten Offering. 

“Opt-Out Notice” has the meaning specified therefor
in Section 2.02(a) of this Agreement. 
 “Parity Securities” has the meaning specified therefor
in Section 2.02(b) of this Agreement. 
 “Partnership” has the meaning specified therefor in the
introductory paragraph of this Agreement. 
 “Person” means an individual or a corporation, limited liability
company, partnership, firm, joint venture, trust, unincorporated organization, association, government agency or political subdivision thereof or other entity. 

“Purchaser” and “Purchasers” have the meanings specified therefor in the introductory
paragraph of this Agreement. 
 “Registrable Securities” means (i) the Common Units comprising the
Purchased Units and (ii) any Common Units issued as Liquidated Damages pursuant to Section 2.01(b) of this Agreement, in each case, as subject to exchange, substitution or adjustment pursuant
to Section 3.04 of this Agreement, all of which Registrable Securities are subject to the rights provided herein until such rights terminate pursuant to the provisions hereof. 

“Registration Expenses” has the meaning specified therefor in Section 2.08(b) of this Agreement. 

  
 Exhibit A to Common Unit
Purchase Agreement 
 3 

 “Registration Statement” has the meaning specified therefor
in Section 2.01(a) of this Agreement. 
 “Selling Expenses” has the meaning specified therefor
in Section 2.08(b) of this Agreement. 
 “Selling Holder” means a Holder who is selling Registrable
Securities pursuant to a registration statement. 
 “Selling Holder Indemnified Persons” has the meaning specified
therefor in Section 2.09(a) of this Agreement. 
 “Underwritten Offering” means an offering
(including an offering pursuant to a Registration Statement) in which Common Units are sold to an underwriter on a firm commitment basis for reoffering to the public or an offering that is a “bought deal” with one or more investment banks.

 Section 8.2 Registrable Securities. Any Registrable Security will cease to be a Registrable Security (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 effective registration statement; (b) when such
Registrable Security has been disposed of (excluding transfers or assignments by a Holder to an Affiliate) pursuant to any section of Rule 144 (or any similar provision then in effect) under the Securities Act; (c) when such Registrable
Security is held by the Partnership or one of its subsidiaries or Affiliates; (d) when such Registrable Security has been sold or disposed of in a private transaction in which the transferor’s rights under this Agreement are not assigned
to the transferee of such securities pursuant to Section 2.11 hereof or (e) when such Registrable Security becomes eligible for resale without restriction and without the need for current public information pursuant to any
section of Rule 144 (or any similar provision then in effect) under the Securities Act. 
 ARTICLE IX 

REGISTRATION RIGHTS 

Section 9.1 Registration. 

(a) Effectiveness Deadline. Following the date hereof, but no later than 30 days following the Closing Date, the Partnership
shall prepare and file a registration statement under the Securities Act to permit the public resale of Registrable Securities then outstanding from time to time as permitted by Rule 415 (or any similar provision then in effect) under the
Securities Act with respect to all of the Registrable Securities (the “Registration Statement”). The Registration Statement filed pursuant to this Section 2.01(a) shall be on such appropriate registration
form or forms of the Commission as shall be selected by the Partnership so long as it permits the continuous offering of the Registrable Securities pursuant to Rule 415 (or any similar provision then in effect) under the Securities Act at
then-prevailing market prices. The Partnership shall use its commercially reasonable efforts to cause the Registration Statement to become 

  
 Exhibit A to Common Unit
Purchase Agreement 
 4 

 
effective on or as soon as practicable after the filing thereof. Any Registration Statement shall provide for the resale pursuant to any method or combination of methods legally available to, and
requested by, the Holders of any and all Registrable Securities covered by such Registration Statement. The Partnership shall use its commercially reasonable efforts to cause the Registration Statement filed pursuant to
this Section 2.01(a) to be effective, supplemented and amended to the extent necessary to ensure that it is available for the resale of all Registrable Securities by the Holders until all Registrable Securities covered by such
Registration Statement have ceased to be Registrable Securities (the “Effectiveness Period”). The Registration Statement when 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 (in the case of any prospectus contained in such Registration Statement or documents incorporated therein by reference, in the light of the circumstances under which a statement is made). As soon as practicable
following the date that the Registration Statement becomes effective, but in any event within two (2) Business Days of such date, the Partnership shall provide the Holders with written notice of the effectiveness of the Registration Statement.

 (b) Failure to Go Effective. If the Registration Statement required by Section 2.01(a) is not declared
effective within 90 days after the Closing Date, then each Holder shall be entitled to a payment (with respect to the Purchased Units of each such Holder), as liquidated damages and not as a penalty, of 0.25% of the Liquidated Damages Multiplier per
30-day period, that shall accrue daily, for the first 30 days following the 90th day, increasing by an additional 0.25% of the Liquidated Damages Multiplier
per 30-day period, that shall accrue daily, for each subsequent 30 days, up to a maximum of 1.00% of the Liquidated Damages Multiplier per 30-day period (the
“Liquidated Damages”). The Liquidated Damages payable pursuant to the immediately preceding sentence shall be payable within ten (10) Business Days after the end of each such
30-day period. Notwithstanding anything to the contrary contained herein, in no event shall the aggregate of all Liquidated Damages payable by the Partnership hereunder exceed 5.00% of the Aggregate Purchase
Price. Any Liquidated Damages shall be paid to each Holder in immediately available funds; provided, however, if the Partnership certifies that it is unable to pay Liquidated Damages in cash because such payment would result in a
breach of or constitute a default under a credit facility or other debt instrument, then the Partnership shall pay such Liquidated Damages using as much cash as is permitted without causing a breach of or default under such credit facility or other
debt instrument and may pay the balance of any such Liquidated Damages in kind in the form of the issuance of additional Common Units. Upon any issuance of Common Units as Liquidated Damages, the Partnership shall promptly (i) prepare and file
an amendment to the Registration Statement prior to its effectiveness adding such Common Units to such Registration Statement as additional Registrable Securities and (ii) prepare and file a supplemental listing application with the NYSE (or
such other national securities exchange on which the Common Units are then-listed and traded) to list such additional Common Units. The determination of the number of Common Units to be issued as Liquidated Damages shall be equal to the quotient of
(i) the dollar amount of the balance of such Liquidated Damages due to each such Holder and (ii) the volume-weighted average closing price of the Common Units on the NYSE, or any other national securities exchange on which the Common Units
are then-traded, for the ten (10) trading days ending on the first trading day immediately preceding the date on which the Liquidated Damages payment is due, less a discount to such average closing price of 2.00%. The payment of Liquidated
Damages to a Holder shall cease at the earlier of (i) the Registration Statement becoming effective or (ii) when such Holder no longer holds Registrable Securities, assuming that each Holder is not an Affiliate of the Partnership, and any
payment of Liquidated 

  
 Exhibit A to Common Unit
Purchase Agreement 
 5 

 
Damages shall be prorated for any period of less than 30 days in which the payment of Liquidated Damages ceases. If the Partnership is unable to cause a Registration Statement to go effective
within 90 days after the Closing Date as a result of an acquisition, merger, reorganization, disposition or other similar transaction, then the Partnership may request a waiver of the Liquidated Damages, and each Holder may individually grant
or withhold its consent to such request in its discretion. 
 (c) Termination of Holder’s Rights. A Holder’s
rights under this Section 2.01 shall terminate upon the termination of the Effectiveness Period. 

Section 9.2 Piggyback Rights. 

(a) Participation. If the Partnership proposes to file (i) a shelf registration statement other than the Registration
Statement contemplated by Section 2.01(a), (ii) a prospectus supplement to an effective shelf registration statement, other than the Registration Statement contemplated by Section 2.01(a) of this Agreement and
Holders may be included without the filing of a post-effective amendment thereto, or (iii) a registration statement, other than a shelf registration statement, in each case, for the sale of Common Units in an Underwritten Offering for its own
account and/or another Person, then as soon as practicable following the engagement of counsel by the Partnership to prepare the documents to be used in connection with an Underwritten Offering, the Partnership shall give notice (including, but not
limited to, notification by electronic mail) of such proposed Underwritten Offering to each Holder (together with its Affiliates) holding at least $50 million of the then-outstanding Registrable Securities (based on the Common Unit Price) and
such notice shall offer such Holders the opportunity to include in such Underwritten Offering such number of Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing;
provided, however, that if the Partnership has been advised by the Managing Underwriter that the inclusion of Registrable Securities for sale for the benefit of the Holders will have an adverse effect on the price, timing or distribution of
the Common Units in the Underwritten Offering, then (A) if no Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, the Partnership shall not be required to offer such opportunity to the
Holders or (B) if any Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, then the amount of Registrable Securities to be offered for the accounts of Holders shall be determined based
on the provisions of Section 2.02(b). Any notice required to be provided in this Section 2.02(a) to Holders shall be provided on a Business Day pursuant to Section 3.01 hereof and receipt of such
notice shall be confirmed and kept confidential by the Holder until such proposed Underwritten Offering is (i) publicly announced or (ii) such Holder receives notice that such proposed Underwritten Offering has been abandoned, which such
notice shall be provided promptly by the Partnership to each Holder. Each such Holder shall then have two (2) Business Days (or one (1) Business Day in connection with any overnight or bought Underwritten Offering) after notice has been
delivered to request in writing the inclusion of Registrable Securities in the Underwritten Offering. If no written request for inclusion from a Holder is received within the specified time, each such Holder shall have no further right to
participate in such Underwritten Offering. If, at any time after giving written notice of its intention to undertake an Underwritten Offering and prior to the closing of such Underwritten Offering, the Partnership shall determine for any reason not
to undertake or to delay such Underwritten Offering, the Partnership may, at its election, give written notice of such determination to the Selling Holders and, (x) in the case of a determination not to 

  
 Exhibit A to Common Unit
Purchase Agreement 
 6 

 
undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (y) in the
case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw
such Selling Holder’s request for inclusion of such Selling Holder’s Registrable Securities in such Underwritten Offering by giving written notice to the Partnership of such withdrawal at or prior to the time of pricing of such
Underwritten Offering. Any Holder may deliver written notice (an “Opt-Out Notice”) to the Partnership requesting that such Holder not receive notice from the Partnership of any proposed
Underwritten Offering; provided, however, that such Holder may later revoke any such Opt-Out Notice in writing. Following receipt of an Opt-Out Notice from a
Holder (unless subsequently revoked), the Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings
by the Partnership pursuant to this Section 2.02(a). The Holders indicated on Schedule A hereto as having opted out shall each be deemed to have delivered an Opt-Out
Notice as of the date hereof. 
 (b) Priority. If the Managing Underwriter or Underwriters of any proposed Underwritten
Offering advises the Partnership that the total amount of Registrable Securities that the Selling Holders and any other Persons intend to include in such offering exceeds the number that can be sold in such offering without being likely to have an
adverse effect on the price, timing or distribution of the Common Units offered or the market for the Common Units, then the Common Units to be included in such Underwritten Offering shall include the number of Registrable Securities that such
Managing Underwriter or Underwriters advises the Partnership can be sold without having such adverse effect, with such number to be allocated (i) first, to the Partnership and (ii) second, pro rata among the Selling Holders who have
requested participation in such Underwritten Offering and, except as provided in clause (b), any other holder of securities of the Partnership having rights of registration that are neither expressly senior nor subordinated
to the Registrable Securities (the “Parity Securities”). The pro rata allocations for each Selling Holder who has requested participation in such Underwritten Offering shall be the product of (a) the aggregate number of
Registrable Securities proposed to be sold in such Underwritten Offering multiplied by (b) the fraction derived by dividing (x) the number of Registrable Securities owned on the Closing Date by such Selling Holder by (y) the aggregate
number of Registrable Securities owned on the Closing Date by all Selling Holders plus the aggregate number of Parity Securities owned on the Closing Date by all holders of Parity Securities that are participating in the Underwritten Offering. 

(c) Termination of Piggyback Registration Rights. Each Holder’s rights under this Section 2.02 shall
terminate upon such Holder (together with its Affiliates) ceasing to hold at least $50 million of Registrable Securities (based on the Common Unit Price). Each Holder shall notify the Partnership in writing when such Holder holds less than
$50 million of Registrable Securities (based on the Common Unit Price). 

  
 Exhibit A to Common Unit
Purchase Agreement 
 7 

 Section 9.3 Delay Rights. 

Notwithstanding anything to the contrary contained herein, the Partnership may, upon written notice to any Selling Holder whose Registrable
Securities are included in the Registration Statement or other registration statement contemplated by this Agreement, suspend such Selling Holder’s use of any prospectus which is a part of the Registration Statement or other registration
statement contemplated by this Agreement (in which event the Selling Holder shall discontinue sales of the Registrable Securities pursuant to the Registration Statement or such other registration statement contemplated by this Agreement but may
settle any previously made sales of Registrable Securities) if (i) the Partnership is pursuing an acquisition, merger, reorganization, disposition, financing or other similar transaction and the Partnership determines in good faith that the
Partnership’s ability to pursue or consummate such a transaction would be materially adversely affected by any required disclosure of such transaction in the Registration Statement or such other registration statement or (ii) the
Partnership has experienced some other material non-public event, the disclosure of which at such time, in the good faith judgment of the Partnership, would materially adversely affect the Partnership;
provided, however, in no event shall the Selling Holders be suspended from selling Registrable Securities pursuant to the Registration Statement or such other registration statement for a period that exceeds an aggregate of 60 days in any 180-day period or 105 days in any 365-day period, in each case, exclusive of days covered by any lock-up agreement executed by a
Selling Holder in connection with any Underwritten Offering. Upon disclosure of such information or the termination of the condition described above, the Partnership shall provide prompt notice to the Selling Holders whose Registrable Securities are
included in the Registration Statement or other registration statement contemplated by this Agreement, and shall promptly terminate any suspension of sales it has put into effect and shall take such other reasonable actions to permit registered
sales of Registrable Securities as contemplated in this Agreement. 
 Section 9.4 Underwritten Offerings. 

(a) General Procedures. In connection with any Underwritten Offering under this Agreement, the Partnership shall be entitled to
select the Managing Underwriter or Underwriters. In connection with an Underwritten Offering contemplated by this Agreement in which a Selling Holder participates, each Selling Holder and the Partnership shall be obligated to enter into an
underwriting agreement that contains such representations, covenants, indemnities and other rights and obligations as are customary in underwriting agreements for firm commitment offerings of securities. No Selling Holder may participate in such
Underwritten Offering unless such Selling Holder agrees to sell its Registrable Securities on the basis provided in such underwriting agreement and completes and executes all questionnaires, powers of attorney, indemnities and other documents
reasonably required under the terms of such underwriting agreement. Each Selling Holder may, at its option, require that any or all of the representations and warranties by, and the other agreements on the part of, the Partnership to and for the
benefit of such underwriters also be made to and for such Selling Holder’s benefit and that any or all of the conditions precedent to the obligations of such underwriters under such underwriting agreement also be conditions precedent to its
obligations. No Selling Holder shall be required to make any representations or warranties to or agreements with the Partnership or the underwriters other than representations, warranties or agreements regarding such Selling Holder, its authority to
enter into such underwriting agreement and to sell, and its ownership of, the securities being registered on its behalf, its intended method of distribution and any other representation required by Law. If any Selling Holder disapproves of the terms
of an underwriting, such Selling Holder may elect to withdraw therefrom by notice to the Partnership and the Managing Underwriter; provided, however, that such withdrawal must be made up to and including the time of pricing of such
Underwritten Offering. No such withdrawal or abandonment shall affect the Partnership’s obligation to pay Registration Expenses. The Partnership’s management may but shall not be required to participate in a roadshow or similar marketing
effort in connection with any Underwritten Offering. 

  
 Exhibit A to Common Unit
Purchase Agreement 
 8 

 (b) No Demand Rights. Notwithstanding any other provision of this Agreement,
no Holder shall be entitled to any “demand” rights or similar rights that would require the Partnership to effect an Underwritten Offering solely on behalf of the Holders. 

Section 9.5 Sale Procedures. In connection with its obligations under this Article II, the Partnership will, as
expeditiously as possible: 
 (a) prepare and file with the Commission such amendments and supplements to the Registration Statement and the
prospectus and any prospectus supplement used in connection therewith as may be necessary to keep the Registration Statement effective for the Effectiveness Period and as may be necessary to comply with the provisions of the Securities Act with
respect to the disposition of all Registrable Securities covered by the Registration Statement; 
 (b) if a prospectus or prospectus
supplement will be used in connection with the marketing of an Underwritten Offering from the Registration Statement and any Managing Underwriter at any time shall notify the Partnership in writing that, in the sole judgment of such Managing
Underwriter, inclusion of detailed information to be used in such prospectus or prospectus supplement is of material importance to the success of the Underwritten Offering of such Registrable Securities, the Partnership shall use its commercially
reasonable efforts to include such information in such prospectus or prospectus supplement; 
 (c) furnish to each Selling Holder (i) as
far in advance as reasonably practicable before filing the Registration Statement or any other registration statement contemplated by this Agreement or any supplement or amendment thereto, upon request, copies of reasonably complete drafts of all
such documents proposed to be filed (including exhibits and each document incorporated by reference therein to the extent then required by the rules and regulations of the Commission), and provide each such Selling Holder the opportunity to object
to any information pertaining to such Selling Holder and its plan of distribution that is contained therein and make the corrections reasonably requested by such Selling Holder with respect to such information prior to filing the Registration
Statement or such other registration statement or supplement or amendment thereto, and (ii) such number of copies of the Registration Statement or such other registration statement and the prospectus and any prospectus supplement included
therein and any supplements and amendments thereto as such Selling Holder may reasonably request in order to facilitate the public sale or other disposition of the Registrable Securities covered by such Registration Statement or other registration
statement; 
 (d) if applicable, use its commercially reasonable efforts to register or qualify the Registrable Securities covered by the
Registration Statement or any other registration statement contemplated by this Agreement under the securities or blue sky laws of such jurisdictions as the Selling Holders or, in the case of an Underwritten Offering, the Managing Underwriter, shall
reasonably request; provided, however, that the Partnership will not be required to qualify generally to transact business in any jurisdiction where it is not then required to so qualify or to take any action that would subject it to general
service of process in any such jurisdiction where it is not then so subject; 

  
 Exhibit A to Common Unit
Purchase Agreement 
 9 

 (e) promptly notify each Selling Holder, at any time when a prospectus relating thereto is
required to be delivered by any of them under the Securities Act, of (i) the filing of the 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 Registration Statement or any such 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 (e) and any written request by the Commission for amendments or supplements to the Registration Statement or any such
other registration statement or any prospectus or prospectus supplement thereto; 
 (f) promptly notify each Selling Holder of (i) the
happening of any event as a result of which the prospectus or prospectus supplement contained in the Registration Statement or any other registration statement contemplated by this Agreement, as then in effect, includes an untrue statement of a
material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading (in the case of any prospectus or prospectus supplement contained therein, in the light of the circumstances
under which such statement is made); (ii) the issuance or express threat of issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement or any other registration statement contemplated by this
Agreement, or the initiation of any proceedings for that purpose; or (iii) the receipt by the Partnership of any notification with respect to the suspension of the qualification of any Registrable Securities for sale under the applicable
securities or blue sky laws of any jurisdiction. Following the provision of such notice, the Partnership agrees, subject to Section 2.03 of this Agreement, 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 commercially reasonable action as is necessary to remove a stop order, suspension, threat thereof or proceedings related thereto; 

(g) upon request and subject to appropriate confidentiality obligations, furnish to each Selling Holder copies of any and all transmittal
letters or other correspondence with the Commission or any other governmental agency or self-regulatory body or other body having jurisdiction (including any domestic or foreign securities exchange) relating to such offering of Registrable
Securities; 
 (h) in the case of an Underwritten Offering, furnish upon request, (i) an opinion of counsel for the Partnership dated
the date of the closing under the underwriting agreement and (ii) a “comfort” letter, dated the pricing date of such Underwritten Offering and a letter of like kind dated the date of the closing under the underwriting agreement, in
each case, signed by the independent public accountants who have certified the Partnership’s financial statements included or incorporated by reference into the applicable registration statement, and each of the opinion and the
“comfort” letter shall be in customary form and covering substantially the same matters with respect to such registration statement (and the prospectus and any prospectus supplement included therein) as have been customarily covered in
opinions of issuer’s counsel and in accountants’ letters delivered to the underwriters in Underwritten Offerings of securities by the Partnership and such other matters as such underwriters and Selling Holders may reasonably request; 

  
 Exhibit A to Common Unit
Purchase Agreement 
 10 

 (i) otherwise use its commercially reasonable efforts to comply with all applicable rules
and regulations of the Commission, and make available to its security holders, as soon as reasonably practicable, an earnings statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and
Rule 158 promulgated thereunder; 
 (j) make available to the appropriate representatives of the Managing Underwriter and Selling
Holders access to such information and Partnership personnel as is reasonable and customary to enable such parties to establish a due diligence defense under the Securities Act; provided, that the Partnership need not disclose any non-public information to any such representative unless and until such representative has entered into a confidentiality agreement with the Partnership; 

(k) cause all such Registrable Securities registered pursuant to this Agreement to be listed on each securities exchange or nationally
recognized quotation system on which similar securities issued by the Partnership are then listed; 
 (l) use its commercially reasonable
efforts to cause the Registrable Securities to be registered with or approved by such other governmental agencies or authorities as may be necessary by virtue of the business and operations of the Partnership to enable the Selling Holders to
consummate the disposition of such Registrable Securities; 
 (m) provide a transfer agent and registrar for all Registrable Securities
covered by such registration statement not later than the effective date of such registration statement; 
 (n) enter into customary
agreements and take such other actions as are reasonably requested by the Selling Holders or the underwriters, if any, in order to expedite or facilitate the disposition of such Registrable Securities; and 

(o) if requested by a Selling Holder, (i) incorporate in a prospectus or prospectus supplement or post-effective amendment to the
Registration Statement or any other registration statement contemplated by this Agreement such information as such Selling 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 offering and (ii) make all
required filings of such prospectus or prospectus supplement or post-effective amendment after being notified of the matters to be incorporated in such prospectus or prospectus supplement or post-effective amendment. 

The Partnership shall not name a Holder as an underwriter as defined in Section 2(a)(11) of the Securities Act in any registration
statement without such Holder’s consent. If the staff of the Commission requires the Partnership to name any Holder as an underwriter as defined in Section 2(a)(11) of the Securities Act, and such Holder does not consent thereto, then such
Holder’s Registrable Securities shall not be included on the Registration Statement (or any other 

  
 Exhibit A to Common Unit
Purchase Agreement 
 11 

 
registration statement contemplated by this Agreement), such Holder shall no longer be entitled to receive Liquidated Damages under this Agreement with respect thereto, the Partnership shall have
no further obligations hereunder with respect to Registrable Securities held by such Holder and such Holder shall be deemed to have terminated this Agreement with respect to such Holder. 

Each Selling Holder, upon receipt of notice from the Partnership of the happening of any event of the kind described in
subsection (f) of this Section 2.05, shall forthwith discontinue offers and sales of the Registrable Securities by means of a prospectus or prospectus supplement until such Selling Holder’s receipt of
the copies of the supplemented or amended prospectus or prospectus supplement contemplated by subsection (f) of this Section 2.05 or until it is advised in writing by the Partnership that the use of the
prospectus or prospectus supplement may be resumed and has received copies of any additional or supplemental filings incorporated by reference in the prospectus or prospectus supplement, and, if so directed by the Partnership, such Selling Holder
will, or will request the Managing Underwriter(s), if any, to deliver to the Partnership (at the Partnership’s expense) all copies in their possession or control, other than permanent file copies then in such Selling Holder’s possession,
of the prospectus or prospectus supplement covering such Registrable Securities current at the time of receipt of such notice. 

Section 9.6 Cooperation by Holders. The Partnership shall have no obligation to include in the Registration Statement, or in an
Underwritten Offering pursuant to Section 2.02(a), Registrable Securities of a Holder who has failed to timely furnish such information that the Partnership determines, after consultation with its counsel, is
reasonably required in order for the registration statement or prospectus or prospectus supplement, as applicable, to comply with the Securities Act. 

Section 9.7 Restrictions on Public Sale by Holders of Registrable Securities. Each Holder of Registrable Securities agrees, if
requested by the underwriters of an Underwritten Offering, to enter into a customary letter agreement with such underwriters providing such Holder will not effect any public sale or distribution of Registrable Securities during the 60 calendar day
period beginning on the date of a prospectus or prospectus supplement filed with the Commission with respect to the pricing of any Underwritten Offering, provided that (i) the duration of the foregoing restrictions shall be no longer
than the duration of the shortest restriction generally imposed by the underwriters on the Partnership or the officers, directors or any other Affiliate of the Partnership on whom a restriction is imposed and (ii) the restrictions set forth in
this Section 2.07 shall not apply to any Registrable Securities that are included in such Underwritten Offering by such Holder. In addition, this Section 2.07 shall not apply to any Holder that is not entitled to
participate in such Underwritten Offering, whether because such Holder delivered an Opt-Out Notice prior to receiving notice of the Underwritten Offering or because such Holder holds less than $50 million
of the then-outstanding Registrable Securities. 
 Section 9.8 Expenses. 

(a) Expenses. The Partnership will pay all reasonable Registration Expenses as determined in good faith, including, in the case
of an Underwritten Offering, whether or not any sale is made pursuant to such Underwritten Offering. Each Selling Holder shall pay its pro rata share of all Selling Expenses in connection with any sale of its Registrable Securities hereunder. In
addition, except as otherwise provided in Section 2.09 hereof, the Partnership shall not be responsible for professional fees incurred by Holders in connection with the exercise of such Holders’ rights hereunder. 

  
 Exhibit A to Common Unit
Purchase Agreement 
 12 

 (b) Certain Definitions. “Registration Expenses” means
all expenses incident to the Partnership’s performance under or compliance with this Agreement to effect the registration of Registrable Securities on the Registration Statement pursuant to Section 2.01(a) or an Underwritten
Offering covered under this Agreement, and the disposition of such Registrable Securities, including, without limitation, all registration, filing, securities exchange listing and NYSE fees, all registration, filing, qualification and other fees and
expenses of complying with securities or blue sky laws, fees of the Financial Industry Regulatory Authority, fees of transfer agents and registrars, all word processing, duplicating and printing expenses, any transfer taxes and the fees and
disbursements of counsel and independent public accountants for the Partnership, including the expenses of any special audits or “comfort” letters required by or incident to such performance and compliance. “Selling
Expenses” means all underwriting fees, discounts and selling commissions or similar fees or arrangements allocable to the sale of the Registrable Securities. 

Section 9.9 Indemnification. 

(a) By the Partnership. In the event of a registration of any Registrable Securities under the Securities Act pursuant to this
Agreement, the Partnership will indemnify and hold harmless each Selling Holder thereunder, its directors, officers, employees and agents and each Person, if any, who controls such Selling Holder within the meaning of the Securities Act and the
Exchange Act, and its directors, officers, employees or agents (collectively, the “Selling Holder Indemnified Persons”), against any losses, claims, damages, expenses or liabilities (including reasonable attorneys’ fees
and expenses) (collectively, “Losses”), joint or several, to which such Selling Holder Indemnified Person may become subject under the Securities Act, the Exchange Act or otherwise, insofar as such Losses (or actions or
proceedings, whether commenced or threatened, in respect thereof) arise out of or are based upon any untrue statement or alleged untrue statement of any material fact (in the case of any prospectus or prospectus supplement, in the light of the
circumstances under which such statement is made) contained in the Registration Statement or any other registration statement contemplated by this Agreement, any preliminary prospectus, preliminary prospectus supplement, free writing prospectus or
final prospectus or prospectus supplement contained therein, or any amendment or supplement thereof, or arise out of or are based upon the omission or alleged omission to state therein a material fact required to be stated therein or necessary to
make the statements therein (in the case of a prospectus or prospectus supplement, in the light of the circumstances under which they were made) not misleading, and will reimburse each such Selling Holder Indemnified Person for any legal or other
expenses reasonably incurred by them in connection with investigating or defending any such Loss or actions or proceedings; provided, however, that the Partnership will not be liable in any such case if and to the extent that any such Loss
arises out of or is based upon an untrue statement or alleged untrue statement or omission or alleged omission so made in conformity with information furnished by such Selling Holder Indemnified Person in writing specifically for use in the
Registration Statement or such other registration statement contemplated by this Agreement, any preliminary prospectus, preliminary prospectus supplement, free writing prospectus, or final prospectus or prospectus supplement contained therein, or
any amendment or supplement thereof. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of such Selling Holder Indemnified Person, and shall survive the transfer of such securities by such
Selling Holder. 

  
 Exhibit A to Common Unit
Purchase Agreement 
 13 

 (b) By Each Selling Holder. Each Selling Holder agrees severally and not
jointly to indemnify and hold harmless the Partnership, the General Partner, its directors, officers, employees and agents and each Person, if any, who controls the Partnership within the meaning of the Securities Act or of the Exchange Act, and its
directors, officers, employees and agents, to the same extent as the foregoing indemnity from the Partnership to the Selling Holders, but only with respect to information regarding such Selling Holder furnished in writing by or on behalf of such
Selling Holder expressly for inclusion in the Registration Statement or any other registration statement contemplated by this Agreement, any preliminary prospectus, preliminary prospectus supplement, free writing prospectus or final prospectus or
prospectus supplement contained therein, or any amendment or supplement thereof; provided, however, that the liability of each Selling Holder shall not be greater in amount than the dollar amount of the proceeds (net of any Selling Expenses)
received by such Selling Holder from the sale of the Registrable Securities giving rise to such indemnification. 
 (c) Notice.
Promptly after receipt by an indemnified party hereunder of notice of the commencement of any action, such indemnified party shall, if a claim in respect thereof is to be made against the indemnifying party hereunder, notify the indemnifying party
in writing thereof, but the omission so to notify the indemnifying party shall not relieve it from any liability that it may have to any indemnified party other than under this Section 2.09. In any action brought against any
indemnified party, it shall notify the indemnifying party of the commencement thereof. The indemnifying party shall be entitled to participate in and, to the extent it shall wish, 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 2.09 for any legal expenses subsequently incurred by such indemnified party in connection with the defense thereof other than reasonable costs of investigation and of liaison with counsel so selected; provided,
however, that, (i) if the indemnifying party has failed to assume the defense or employ counsel reasonably acceptable to the indemnified party or (ii) if the defendants in any such action include both the indemnified party and the
indemnifying party and counsel to the indemnified party shall have concluded that there may be reasonable defenses available to the indemnified party that are different from or additional to those available to the indemnifying party, or if the
interests of the indemnified party reasonably may be deemed to conflict with the interests of the indemnifying party, then the indemnified party shall have the right to select a separate counsel and to assume such legal defense and otherwise to
participate in the defense of such action, with the reasonable expenses and fees of such separate counsel and other reasonable expenses related to such participation to be reimbursed by the indemnifying party as incurred. Notwithstanding any other
provision of this Agreement, no indemnifying party shall settle any action brought against any indemnified party with respect to which such indemnified party is entitled to indemnification hereunder without the consent of the indemnified party,
unless the settlement thereof imposes no liability or obligation on, and includes a complete and unconditional release from all liability of, the indemnified party. 

  
 Exhibit A to Common Unit
Purchase Agreement 
 14 

 (d) Contribution. If the indemnification provided for in
this Section 2.09 is held by a court or government agency of competent jurisdiction to be unavailable to any indemnified party or is insufficient to hold them harmless in respect of any Losses, then each such indemnifying party, in
lieu of indemnifying such indemnified party, shall contribute to the amount paid or payable by such indemnified party as a result of such Loss in such proportion as is appropriate to reflect the relative fault of the indemnifying party on the one
hand and of such indemnified party on the other in connection with the statements or omissions that resulted in such Losses, as well as any other relevant equitable considerations; provided, however, that in no event shall such Selling Holder
be required to contribute an aggregate amount in excess of the dollar amount of proceeds (net of Selling Expenses) received by such Selling Holder from the sale of Registrable Securities giving rise to such indemnification. The relative fault of the
indemnifying party on the one hand and the indemnified party on the other shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission or alleged omission to state a
material fact has been made by, or relates to, information supplied by such party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission. The parties hereto agree
that it would not be just and equitable if contributions pursuant to this paragraph were to be determined by pro rata allocation or by any other method of allocation that does not take account of the equitable considerations referred to herein.
The amount paid by an indemnified party as a result of the Losses referred to in the first sentence of this paragraph shall be deemed to include any legal and other expenses reasonably incurred by such indemnified party in connection with
investigating or defending any Loss that is the subject of this paragraph. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who is not
guilty of such fraudulent misrepresentation. 
 (e) Other Indemnification. The provisions of this Section 2.09
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 9.10 Rule 144 Reporting. With a view to making available the benefits of certain rules and regulations
of the Commission that may permit the sale of the Registrable Securities to the public without registration, the Partnership agrees to: 

(a) use commercially reasonable efforts to make and keep public information regarding the Partnership available, as those terms are understood
and defined in Rule 144 (or any similar provision then in effect) under the Securities Act, at all times from and after the date hereof; 

(b) use commercially reasonable efforts to file with the Commission in a timely manner all reports and other documents required of the
Partnership under the Securities Act and the Exchange Act at all times from and after the date hereof; and 
 (c) so long as a Holder owns
any Registrable Securities, furnish (i) to the extent accurate, forthwith upon request, a written statement of the Partnership that it has complied with the reporting requirements of Rule 144 (or any similar provision then in effect) under
the Securities Act, and (ii) unless otherwise available via EDGAR, to such Holder forthwith upon request a copy of the most recent annual or quarterly report of the Partnership, and such other reports and documents so filed as such Holder may
reasonably request in availing itself of any rule or regulation of the Commission allowing such Holder to sell any such securities without registration. 

  
 Exhibit A to Common Unit
Purchase Agreement 
 15 

 Solely for purposes of this Section 2.10, the term “Registrable
Securities” shall be read without regard to the limitation set forth in Section 1.02(e). 

Section 9.11 Transfer or Assignment of Registration Rights. The rights to cause the Partnership to register Registrable Securities
granted to the Purchasers by the Partnership under this Article II may be transferred or assigned by any Purchaser to one or more transferees or assignees of Registrable Securities; provided, however, that (a) unless the
transferee or assignee is an Affiliate of, and after such transfer or assignment continues to be an Affiliate of, such Purchaser, the amount of Registrable Securities transferred or assigned to such transferee or assignee shall represent at least
$50 million of Registrable Securities (based on the Common Unit Price), (b) the Partnership is given written notice prior to any said transfer or assignment, stating the name and address of each such transferee or assignee and identifying
the securities with respect to which such registration rights are being transferred or assigned, (c) each such transferee or assignee assumes in writing responsibility for its portion of the obligations of such Purchaser under this Agreement
and (d) the transferor or assignor is not relieved of any obligations or liabilities hereunder arising out of events occurring prior to such transfer. 

Section 9.12 Limitation on Subsequent Registration Rights. From and after the date hereof, the Partnership shall not, without the
prior written consent of the Holders of a majority of the Registrable Securities, enter into any agreement with any current or future holder of any securities of the Partnership that would allow such current or future holder to require the
Partnership to include securities in any registration statement filed by the Partnership on a basis other than pari passu with, or expressly subordinate to the rights of, the Holders of Registrable Securities hereunder. 

ARTICLE X 

MISCELLANEOUS 

Section 10.1 Communications. All notices and other communications provided for or permitted hereunder shall be made in writing by
facsimile, electronic mail, courier service or personal delivery: 
 (a) if to a Purchaser, to the respective address listed on
Schedule A hereof; 
 (b) if to a transferee of a Purchaser, to such Holder at the address provided pursuant
to Section 2.11 above; and 
 (c) if to the Partnership: 

Noble Midstream Partners LP 

1001 Noble Energy Way 
 Houston,
Texas 77070 
 Attention: Aaron Carlson 

Email:          

  
 Exhibit A to Common Unit
Purchase Agreement 
 16 

 with a copy to: 

Vinson & Elkins LLP 

1001 Fannin Street 
 Suite 2500

 Houston, Texas 77002 

Attention: Ramey Layne 
 Email:

 All such notices and communications shall be deemed to have been received at the time delivered by hand, if personally delivered; when
receipt acknowledged, if sent via facsimile or sent via Internet electronic mail; and when actually received, if sent by courier service or any other means. 

Section 10.2 Successor and Assigns. This Agreement shall inure to the benefit of and be binding upon the successors and permitted
assigns of each of the parties, including subsequent Holders of Registrable Securities to the extent permitted herein. 
 Section 10.3
Assignment of Rights. All or any portion of the rights and obligations of any Purchaser under this Agreement may be transferred or assigned by such Purchaser only in accordance with Section 2.11 hereof. 

Section 10.4 Recapitalization, Exchanges, Etc. Affecting the Common Units. The provisions of this Agreement shall apply to the
full extent set forth herein with respect to any and all units of the Partnership or any successor or assign of the Partnership (whether by merger, consolidation, sale of assets or otherwise) that may be issued in respect of, in exchange for or in
substitution of, the Registrable Securities, and shall be appropriately adjusted for combinations, unit splits, recapitalizations, pro rata distributions of units and the like occurring after the date of this Agreement. 

Section 10.5 Aggregation of Registrable Securities. All Registrable Securities held or acquired by Persons who are Affiliates of
one another shall be aggregated together for the purpose of determining the availability of any rights and applicability of any obligations under this Agreement. 

Section 10.6 Specific Performance. Damages in the event of breach of this Agreement by a party hereto may be difficult, if not
impossible, to ascertain, and it is therefore agreed that each such Person, in addition to and without limiting any other remedy or right it may have, will have the right to an injunction or other equitable relief in any court of competent
jurisdiction, enjoining any such breach, and enforcing specifically the terms and provisions hereof, and each of the parties hereto hereby waives any and all defenses it may have on the ground of lack of jurisdiction or competence of the court to
grant such an injunction or other equitable relief. The existence of this right will not preclude any such Person from pursuing any other rights and remedies at law or in equity that such Person may have. 

  
 Exhibit A to Common Unit
Purchase Agreement 
 17 

 Section 10.7 Counterparts. This Agreement may be executed in any number of
counterparts and by different parties hereto in separate counterparts, each of which counterparts, when so executed and delivered, shall be deemed to be an original and all of which counterparts, taken together, shall constitute but one and the same
Agreement. In the event that any signature is delivered by facsimile transmission or by e-mail delivery of a “.pdf” format data file, such signature shall create a valid and binding obligation of the
party executing (or on whose behalf such signature is executed) with the same force and effect as if such facsimile or “.pdf” signature page were an original thereof. 

Section 10.8 Headings. The headings in this Agreement are for convenience of reference only and shall not limit or otherwise
affect the meaning hereof. 
 Section 10.9 Governing Law. THIS AGREEMENT WILL BE CONSTRUED IN ACCORDANCE WITH, AND
GOVERNED BY, THE LAWS OF THE STATE OF NEW YORK. 
 Section 10.10 Severability of Provisions. Any provision of this
Agreement which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof or affecting or impairing
the validity or enforceability of such provision in any other jurisdiction. 
 Section 10.11 Entire Agreement. This Agreement,
the Common Unit Purchase Agreement and the other agreements and documents referred to herein are intended by the parties as a final expression of their agreement and intended to be a complete and exclusive statement of the agreement and
understanding of the parties hereto in respect of the subject matter contained herein. There are no restrictions, promises, warranties, representations or undertakings, other than those set forth or referred to herein with respect to the rights
granted by the Partnership set forth herein. This Agreement and the Common Unit Purchase Agreement supersede all prior agreements and understandings between the parties with respect to such subject matter. 

Section 10.12 Amendment. This Agreement may be amended only by means of a written amendment signed by the Partnership and the
Holders of a majority of the then outstanding Registrable Securities; provided, however, that no such amendment shall materially and adversely affect the rights of any Holder hereunder without the consent of such Holder. 

Section 10.13 No Presumption. If any claim is made by a party relating to any conflict, omission or ambiguity in this Agreement,
no presumption or burden of proof or persuasion shall be implied by virtue of the fact that this Agreement was prepared by or at the request of a particular party or its counsel. 

Section 10.14 Obligations Limited to Parties to Agreement. Each of the parties hereto covenants, agrees and acknowledges that no
Person other than the Purchasers (and their permitted transferees and assignees) and the Partnership shall have any obligation hereunder and that, notwithstanding that one or more of the Purchasers may be a corporation, partnership or limited
liability company, no recourse under this Agreement or under any documents or instruments delivered in connection herewith or therewith shall be had against any former, current or future director, officer, employee, agent, general or limited
partner, manager, member, stockholder or Affiliate of any of the Purchasers or any former, current or future director, officer, employee, agent, general or limited partner, manager, member, stockholder or Affiliate of any of the foregoing, whether
by the enforcement of any assessment or by any legal or equitable proceeding, or by virtue 

  
 Exhibit A to Common Unit
Purchase Agreement 
 18 

 
of any applicable Law, it being expressly agreed and acknowledged that no personal liability whatsoever shall attach to, be imposed on or otherwise be incurred by any former, current or future
director, officer, employee, agent, general or limited partner, manager, member, stockholder or Affiliate of any of the Purchasers or any former, current or future director, officer, employee, agent, general or limited partner, manager, member,
stockholder or Affiliate of any of the foregoing, as such, for any obligations of the Purchasers under this Agreement or any documents or instruments delivered in connection herewith or therewith or for any claim based on, in respect of or by reason
of such obligation or its creation, except in each case for any transferee or assignee of a Purchaser hereunder. 
 Section 10.15
Independent Nature of Purchaser’s Obligations. The obligations of each Purchaser (and their permitted transferees and assignees) under this Agreement are several and not joint with the obligations of any other Purchaser,
and no Purchaser shall be responsible in any way for the performance of the obligations of any other Purchaser under this Agreement. Nothing contained herein, and no action taken by any Purchaser pursuant thereto, shall be deemed to constitute the
Purchasers as a partnership, an association, a joint venture or any other kind of group or entity, or create a presumption that the Purchasers are in any way acting in concert or as a group with respect to such obligations or the transactions
contemplated by this Agreement. Each Purchaser shall be entitled to independently protect and enforce its rights, including without limitation, the rights arising out of this Agreement, and it shall not be necessary for any other Purchaser to be
joined as an additional party in any proceeding for such purpose. 
 Section 10.16 Interpretation. Article and Section
references to this Agreement, unless otherwise specified. All references to instruments, documents, contracts and agreements are references to such instruments, documents, contracts and agreements as the same may be amended, supplemented and
otherwise modified from time to time, unless otherwise specified. The word “including” shall mean “including but not limited to.” Whenever any determination, consent or approval is to be made or given by a Purchaser under this
Agreement, such action shall be in such Purchaser’s sole discretion unless otherwise specified. 
 [Signature pages to follow]

  
 Exhibit A to Common Unit
Purchase Agreement 
 19 

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

			
	NOBLE MIDSTREAM PARTNERS LP
		
	By:	 	NOBLE MIDSTREAM GP, LLC,
		 	its General Partner
		
	By:	 	  

	Name:	 	Thomas W. Christensen
	Title:	 	Chief Financial Officer

  

  
 Signature Page to
Registration Rights Agreement 

 
			
	[●]: [●]	 	
		
	By:	 	
                 

	Name:	 	[●]
	Title:	 	[●]

  

  
 Signature Page to
Registration Rights Agreement 

 EXHIBIT B 

FORM OF OPINION OF VINSON & ELKINS LLP 

Based on the foregoing, and subject to the qualifications and limitations set forth herein, we are of the opinion that: 

 

	 	i.	 The Partnership is a limited partnership organized under the Delaware LP Act with all limited partnership power
and authority, as applicable, (i) to enter into the Purchase Agreement and the Registration Rights Agreement, to the extent a party thereto, and to perform its obligations thereunder, and (ii) to own its properties and to conduct its
business as described in the SEC Reports. We confirm that the Partnership is validly existing and in good standing under the laws of the State of Delaware and is qualified to do business as a foreign limited partnership in the states set forth
opposite its name on Exhibit A hereto. 

  

	 	ii.	 The General Partner is a limited liability company organized under the Delaware LLC Act with all limited
liability company power and authority to own its properties, to conduct its business and to act as the general partner of the Partnership, as applicable, as described in the SEC Reports. We confirm that the General Partner is validly existing and in
good standing under the laws of the State of Delaware and is qualified to do business as a foreign limited liability company in the states set forth opposite its name on Exhibit A hereto. 

 

	 	i.	 The Units to be issued and sold by the Partnership pursuant to the Purchase Agreement and the limited partner
interests represented thereby have been duly authorized in accordance with the Partnership Agreement and, when issued and delivered by the Partnership against payment therefore in accordance with the terms of the Purchase Agreement, will be validly
issued, fully paid (to the extent required under the Partnership Agreement), nonassessable (except as such nonassessability may be affected by Sections 17-303, 17-607
and 17-804 of the Delaware LP Act) and free of preemptive rights arising from the Partnership Agreement. 

  

	 	ii.	 The execution, delivery and performance of the Purchase Agreement by the Partnership have been duly authorized
by all necessary limited partnership action; and the Purchase Agreement has been duly executed and delivered by the Partnership. 

  

	 	iii.	 The execution, delivery and performance of the Registration Rights Agreement have been duly authorized by all
necessary limited partnership action of the Partnership, and the Registration Rights Agreement has been duly executed and delivered by the Partnership and is the legally valid and binding agreement of the Partnership, enforceable against the
Partnership in accordance with its terms, except as the enforcement thereof may be limited by (i) applicable bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium or similar laws relating to or affecting creditors’ rights
generally and by general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law) and (ii) public policy, applicable law relating to fiduciary duties and indemnification and implied
covenants of good faith and fair dealing. 

 Exhibit B to Common Unit Purchase Agreement 

  
 1 

	 	iv.	 As of the date hereof, the execution and delivery of the Operative Documents by the Partnership, the offering,
issuance and sale of the Units by the Partnership to the Purchasers pursuant to the Purchase Agreement and the consummation of the transactions contemplated by the Operative Documents do not: 

 

	 	a.	 violate the Certificate of Limited Partnership of the Partnership or the Partnership Agreement;

  

	 	b.	 result in the breach of or a default under any material agreements filed as an exhibit 10 to the
Partnership’s Annual Report on Form 10-K filed February 19, 2019 and any subsequently filed Quarterly Report on Form 10-Q; or 

 

	 	c.	 violate any federal or New York statute, rule or regulation applicable to the Partnership Entities or the
Delaware LP Act or the Delaware LLC Act; or 

  

	 	d.	 require any consents, approvals, or authorizations to be obtained by the Partnership Entities from, or any
registrations, declarations or filings to be made by the Partnership Entities with, any governmental authority under any federal or New York statute, rule or regulation applicable to the Partnership Entities or the Delaware LP Act or the Delaware
LLC Act on or prior to the date hereof that have not been obtained or made; 

 except in clauses (b), (c) and
(d) above for any such breaches, defaults, violations, consents, approvals, authorizations, registrations, declarations or filings that, individually or in the aggregate, the occurrence of which or the failure to have obtained have not
materially impaired and will not materially impair the ability of any of the Partnership Entities to consummate the transactions provided for in the Operative Documents or would not reasonably be expected to have a Partnership Material Adverse
Effect; provided, however, that we express no opinion in this paragraph (vi) with respect to federal or state securities laws. 
  

	 	v.	 The Partnership is not and, immediately after giving effect to the issuance and sale of the Units in accordance
with the Purchase Agreement and the application of the proceeds therefrom, it will not be, required to register as an “investment company” within the meaning of the Investment Company Act of 1940, as amended. 

 

	 	vi.	 Assuming the accuracy of the representations and warranties of each Purchaser and the Partnership contained in
the Purchase Agreement, the issuance and sale of the Units pursuant to the Purchase Agreement are exempt from the registration requirements of the Securities Act of 1933, as amended. We express no opinion, however, as to when or under what
circumstances you may reoffer or resell any Units. 

 Exhibit B to Common Unit Purchase Agreement 

  
 2 

 EXHIBIT C 

FORM OF LOCK-UP AGREEMENT 

BOFA SECURITIES, INC. 

ONE BRYANT PARK 

NEW YORK, NEW YORK 10036 

CITIGROUP GLOBAL MARKETS INC. 

388 GREENWICH STREET, 

NEW YORK, NEW YORK 10013 
  

	 	Re:	 Private Placement by Noble Midstream Partners LP 

Ladies and Gentlemen: 
 The undersigned
understands that Noble Midstream Partners LP, a Delaware limited partnership (the “Partnership”) has entered into a Common Unit Purchase Agreement, dated as of November [    ], 2019 (the “Purchase
Agreement”), with the purchasers party thereto providing for the private placement of common units representing limited partner interests in the Partnership (the “Common Units”). 

It is anticipated that in connection with the private placement, the Partnership shall, following completion of the private placement, file a
registration statement under the Securities Act of 1933, as amended (the “Registration Statement”), with respect to the possible resale, from time to time, of the Common Units and that such Registration Statement will be filed by
the Partnership within the time period specified by, and the Partnership will keep the Registration Statement effective until such time as may be provided in, the definitive agreements entered into in connection with the private placement of the
Common Units. 
 In recognition of the benefit that such a private placement will confer upon the undersigned, and for other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the undersigned agrees with each of BofA Securities, Inc. and Citigroup Global Markets Inc. (together, the “Agents”), and each investor named in
the Purchase Agreement that, during the period beginning on the Closing Date (as defined in the Purchase Agreement) and ending on the date that is [                ]
days1 from consummation of the purchase and sale of the Purchased Units (as defined in the Purchase Agreement) (the “Lock-Up Period”), the
undersigned will not, without the prior written consent of the Agents, directly or indirectly, (i) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right
or warrant for the sale of, or otherwise dispose of or transfer any Common Units or any securities convertible into or exchangeable or exercisable for Common Units, whether now owned or hereafter acquired by the undersigned or with respect to which
the undersigned has or hereafter acquires the power of disposition (collectively, the “Lock-Up Units”), or exercise any right with respect to the registration of any of the Lock-up Units, or file or cause to be filed any registration statement in connection therewith, under the Securities Act of 1933, as amended (other 

 

	1 	 180 days for Noble Energy, Inc. and 60 days for all other parties.

  
 Exhibit C to Common Unit
Purchase Agreement 
 1 

 
than pursuant to the Registration Rights Agreement between the Partnership and the purchasers, the form of which is attached to the Purchase Agreement), or (ii) enter into any swap or any
other agreement or any transaction that transfers, in whole or in part, directly or indirectly, the economic consequence of ownership of the Lock-Up Units, whether any such swap or transaction is to be settled
by delivery of Common Units or other securities, in cash or otherwise. 
 Notwithstanding the foregoing, and subject to the conditions
below, the undersigned may transfer the Lock-Up Units without the prior written consent of the Agents, provided that (i) the Agents receive a signed lock-up
agreement for the balance of the Lock-Up Period from each donee, trustee, distributee or transferee, as the case may be, (ii) any such transfer shall not involve a disposition for value, (iii) such
transfers are not required to be reported with the Securities and Exchange Commission (the “SEC”) on Form 4 in accordance with Section 16 (“Section 16”) of the Securities Exchange Act of
1934, as amended (the “Exchange Act”), and (iv) the undersigned does not otherwise voluntarily effect any public filing or report regarding such transfers: 

 

	 	(i)	 as a bona fide gift or gifts; 

 

	 	(ii)	 to any trust for the direct or indirect benefit of the undersigned or the immediate family of the undersigned
(for purposes of this lock-up agreement, “immediate family” shall mean any relationship by blood, marriage or adoption, not more remote than first cousin); 

 

	 	(iii)	 as a distribution to limited partners or unitholders of the undersigned; 

 

	 	(iv)	 to the undersigned’s affiliates or to any investment fund or other entity controlled or managed by the
undersigned; and 

  

	 	(v)	 any exercise of options or vesting or exercise of any other equity-based award, in each case, outstanding on
the date of this Lock-Up Agreement, and in each case under the Partnership’s equity incentive plan or any other plan or agreement described in the prospectus included or incorporated by reference in the
Registration Statement, and the withholding of Common Units by the Company for the payment of taxes due upon such exercise or vesting, provided that any Common Units received upon such exercise or vesting will also be subject to this Lock-Up Agreement. 

 Furthermore, the restrictions in the third paragraph of this
letter agreement shall not apply to (i) the establishment of a trading plan pursuant to Rule 10b5-1 under the Exchange Act for the transfer of Common Units, provided that (a) such plan does not
provide for the transfer of Common Units during the Lock-up Period and (b) to the extent a public announcement or filing under the Exchange Act, if any, is required of or voluntarily made by or on behalf
of the undersigned or the Partnership regarding the establishment of such plan, such announcement or filing shall include a statement to the effect that no transfer of Common Units may be made under such plan during the Lock-up Period, (ii) sales pursuant to any Rule 10b5-1 plan currently in effect on the date hereof, (iii) existing pledges pursuant to loan or similar agreements in
effect on the date hereof, as amended from time to time, or any successor to any such agreement, or any transfers pursuant to any such agreement, or (iv) the deemed disposition of Common Units under Section 16 upon the cash settlement of
phantom units or unit appreciation rights outstanding as of the date of this Agreement. 

  
 Exhibit C to Common Unit
Purchase Agreement 
 2 

 Furthermore, the undersigned may sell Common Units of the Partnership purchased by the undersigned on the
open market following the private placement if and only if (i) such sales are not required to be reported in any public report or filing with the Securities and Exchange Commission on Form 4 in accordance with Section 16 and (ii) the
undersigned does not otherwise voluntarily effect any public filing or report regarding such sales. 

  
 Exhibit C to Common Unit
Purchase Agreement 
 3Exhibit

Exhibit 4.16

DESCRIPTION OF THE REGISTRANT’S SECURITIES
REGISTERED PURSUANT TO SECTION 12 OF THE 
SECURITIES EXCHANGE ACT OF 1934
    
The following description of our securities is a summary and does not purport to be complete. It is subject to and qualified in its entirety by reference to our amended and restated certificate of incorporation, bylaws, stockholders agreement and our annual report on Form 10-K. 

Description of Capital Stock

Authorized Shares

The Company's authorized shares are 1,100,000,000 shares of capital stock, $0.01 par value per share, consisting of 1,000,000,000 shares of common stock and 100,000,000 shares of preferred stock (the “Preferred Stock”). The Preferred Stock is issuable in one or more classes and series, with preferences, rights, restrictions and qualifications as established by the Board of Directors of the Company without shareholder approval, including voting, dividend, redemption, liquidation, sinking fund, conversion and other rights. No shares of Preferred Stock are outstanding. 

Dividends

Holders of our common stock are entitled to receive dividends, if any, as may be declared from time to time by our board of directors in its discretion out of funds available, subject to the rights of any holders of Preferred Stock. 

Voting Rights

Each holder of common stock is entitled to one vote per share and is entitled to vote on all matters presented to a vote of stockholders, including the election of directors. Holders of common stock have no cumulative voting rights. As a result, under the Delaware General Corporation Law (the “DGCL”), the holders of more than one-half of the outstanding shares of common stock generally will be able to elect all of our directors then standing for election and holders of the remaining shares will not be able to elect any director, subject to any voting rights held by holders of our Preferred Stock. 

Liquidation Rights

Upon liquidation of the Company, holders of common stock are entitled to share equally in any distribution of the Company’s assets after provision for the Company’s liabilities and the liquidation preference of any outstanding Preferred Stock.

Absence of Other Rights

Holders of common stock have no preemptive rights to purchase or subscribe for any stock or other securities. In addition, there are no conversion rights, redemption or sinking fund provisions. Our outstanding common stock is fully paid and non-assessable.

Exchange Listing

Our common stock is traded on the Nasdaq Stock Market under the symbol “AMTD.”

1

Exhibit 4.16

Transfer Agent and Registrar 

The transfer agent and registrar for our common stock is Computershare Trust Company, N.A.. 

Anti-Takeover Effects of Certain Provisions of the Stockholders Agreement 

TD is permitted under the stockholders agreement to exercise voting rights on up to 45% of our outstanding shares of common stock until termination of the stockholders agreement (January 24, 2021). If our stock repurchases cause TD's ownership percentage to exceed 45%, TD is required to use reasonable efforts to sell or dispose of such excess stock, subject to TD's commercial judgment as to the optimal timing, amount and method of disposition with a view to maximizing proceeds from such sales. TD has no obligation to reduce its ownership percentage to 45% by the termination of the stockholders agreement. However, prior to and following the termination of the stockholders agreement, TD is required to vote any such excess stock on any matter in the same proportions as all the outstanding shares of stock held by holders other than TD and its affiliates are voted. The ownership position and governance rights of TD could discourage a third party from proposing a change of control or other strategic transaction concerning TD Ameritrade. As a result, our common stock could trade at prices that do not reflect a “takeover premium” to the same extent as do the stocks of similarly situated companies that do not have a stockholder with an ownership interest as large as TD’s ownership interest.

Anti-Takeover Effects of Certain Provisions of our Certificate of Incorporation and Bylaws

Our certificate of incorporation and bylaws contain provisions that may delay, defer, discourage or prevent a change in control of the Company, the removal of our existing management or directors, or an offer by a potential acquirer to our stockholders. These provisions include:
		
	•
	Classified board of directors. In accordance with the terms of our certificate of incorporation, our board of directors is divided into three classes, Class I, Class II and Class III, with members of each class serving staggered three-year terms. The classification of the board of directors may have the effect of making it more difficult for stockholders to change the composition of the board of directors. 

		
	•
	No cumulative voting. The DGCL provides that stockholders are not entitled to the right to cumulate votes in the election of directors unless the certificate of incorporation specifically authorizes cumulative voting. Our certificate of incorporation does not authorize cumulative voting.

		
	•
	Requirements for removal of directors. Our certificate of incorporation provides that, unless a “termination event” (as defined in the certificate of incorporation) has occurred, directors may only be removed for cause by the affirmative vote of the holders of a majority of our outstanding shares of common stock.

		
	•
	Special meeting of stockholders. Our certificate of incorporation provides that special meetings of the stockholders may only be called by the secretary of the Company at the direction of a majority of the directors of the Company or upon the request of stockholders owning of record 25% or more of our outstanding shares of common stock. 

		
	•
	No stockholder action by written consent. Our certificate of incorporation provides that stockholder action can be taken only at an annual or special meeting of stockholders and cannot be taken by written consent in lieu of a meeting.

2

Exhibit 4.16

		
	•
	Stockholder advance notice procedures. Our bylaws establish advance notice procedures with respect to stockholders proposals and the nominations of candidates for election as directors. These provisions may have the effect of precluding the conduct of certain business at a meeting if the proper procedures are not followed. 

		
	•
	Exclusive forum. Our certificate of incorporation designates a state or federal court located within the State of Delaware as the sole and exclusive forum for certain litigation that may be initiated by our stockholders. Although we believe this provision benefits us by providing greater consistency in the application of Delaware law in the types of lawsuits to which it applies, the provision may have the effect of discouraging lawsuits against our directors and officers. 

		
	•
	Supermajority approval requirements. Certain amendments to our certificate of incorporation or bylaws require the affirmative vote of the holders of at least 80% of the voting power of the outstanding shares of our capital stock entitles to vote thereon. 

Anti-Takeover Effects of Certain Provisions of Delaware Law

We are subject to the provisions of Section 203 of the DGCL, which generally may have an anti-takeover effect for transactions not approved in advance by our board of directors, including discouraging attempts that might result in a premium over the market price for our common stock. In general, Section 203 prohibits a publicly-held Delaware corporation from engaging in a “business combination” with an “interested stockholder” for a three-year period following the time that the stockholder becomes an interested stockholder unless:
		
	•
	the business combination or the transaction which resulted in the stockholder becoming an interested stockholder is approved by the board of directors prior to the time the interested stockholder obtained such status;

		
	•
	upon consummation of the transaction that resulted in the stockholder becoming an interested stockholder, the interested stockholder owned at least 85% of the voting stock of the corporation outstanding at the time the transaction commenced; or

		
	•
	at or subsequent to such time, the business combination is approved by the board of directors and authorized at an annual or special meeting of the stockholders by the affirmative vote of at least two-thirds of the outstanding voting stock which is not owned by the interested stockholder.

For purposes of Section 203, a “business combination” is defined to include mergers, asset sales and other transactions resulting in financial benefit to an interested stockholder. In general, an “interested stockholder” is a person who owns (or is an affiliate or associate of the corporation and, within the prior three years, did own) 15% or more of the corporation’s voting stock.

Description of Debt Securities

The Company has previously filed a registration statement on Form S-3 (File No. 333-185286), which was filed with the Securities and Exchange Commission (the “SEC”) on December 5, 2012, as amended by the post-effective registration statement on Form S-3 (File No. 333-185286) which was filed with the SEC on September 29, 2014 and covers the issuance of the Company’s 3.625% Notes due 2025 (the “2025 notes”) and the 2.950% Notes due 2022 (the “2022 notes”) and has an effective registration statement on Form S-3 (File No. 333-220513), which was filed with the SEC on September 18, 2017 and 

3

Exhibit 4.16

covers the issuance of the Company’s 2.750% Notes due 2029 (the “2029 notes”), the 3.300% Notes due 2027 (the “2027 notes”), the 3.750% Notes due 2024 (the “2024 notes”), and the Variable-rate Notes due 2021 (the “2021 notes” and together with the 2022 notes, the 2024 notes, the 2025 notes, the 2027 notes and the 2029 notes, the “notes”).  The notes are governed by a base indenture dated October 22, 2014 between the Company and U.S. Bank National Association, as trustee (the “base indenture), as supplemented by the applicable supplemental indenture governing a particular series of notes (as so supplemented, the “indenture”).  This summary is subject to and qualified in its entirety by reference to all of the provisions of the indenture and the notes, including definitions of certain terms used in the indenture and the notes.  References herein to the terms “we” and “us” mean the Company. References herein to the term “indenture” mean the applicable indenture for the particular series of notes being described. 

General 

The notes are our unsecured, unsubordinated obligations, and rank equally in right of payment with all of our existing and future unsubordinated indebtedness. The notes are effectively subordinated to our existing and future secured debt, to the extent of the value of the collateral securing such debt, and are structurally subordinated to all existing and future obligations of our subsidiaries.  
The notes were issued only in fully registered form without coupons and in denominations of $2,000 and integral multiples of $1,000 in excess thereof. The notes will be represented by one or more global securities registered in the name of a nominee of The Depository Trust Company (“DTC”). 
Principal, Maturity and Interest 
We initially issued $600 million aggregate principal amount of the 2021 notes, which remains the aggregate principal amount outstanding. 
We initially issued $750 million aggregate principal amount of the 2022 notes, which remains the aggregate principal amount outstanding. 
We initially issued $400 million aggregate principal amount of the 2024 notes, which remains the aggregate principal amount outstanding. 
We initially issued $500 million aggregate principal amount of the 2025 notes, which remains the aggregate principal amount outstanding. 
We initially issued $800 million aggregate principal amount of the 2027 notes, which remains the aggregate principal amount outstanding.
We initially issued $500 million aggregate principal amount of the 2029 notes, which remains the aggregate principal amount outstanding.
The indenture does not limit the amount of debt securities that we may issue under the indenture and provides that debt securities may be issued from time to time in one or more series. We may in the future from time to time, without notice to or consent of the holders of the notes, create and issue additional debt securities having the same terms and conditions as a series of the notes (other than the original issuance date and, in some cases, the public offering price, the initial interest accrual date and the initial interest payment date) and ranking equally and ratably with such series of notes in all respects. If issued, any such additional debt securities will become part of the same series of notes; provided, 

4

Exhibit 4.16

however, in certain circumstances, the additional debt securities will have a separate CUSIP number.  No additional notes may be issued if any event of default has occurred and is continuing with respect to the notes. 
Certain Interest Provisions Relating to the 2021 Notes:
The 2021 notes will mature on November 1, 2021. If the maturity date of the 2021 notes falls on a day that is not a business day, we will postpone the payment of principal and interest on such 2021 notes to the next succeeding business day, but the payment made on such date will be treated as being made on the date that the payment was first due and the holders of such 2021 notes will not be entitled to any further interest or other payments with respect to such postponement. 
The 2021 notes will accrue interest at a floating rate, reset quarterly, equal to three-month LIBOR plus 0.430% per annum. Interest on the 2021 notes will accrue from the last interest payment date on which interest was paid or duly provided for, or, if no interest has been paid or duly provided for, from the date of their original issuance. 
Interest on the 2021 notes is payable quarterly in arrears on February 1, May 1, August 1 and November 1 of each year, and on the maturity date and any redemption date, commencing on February 1, 2019 (a “floating rate interest payment date”), to the persons in whose names such 2021 notes are registered on the preceding January 15, April 15, July 15 or October 15, as the case may be (whether or not a business day); provided, however, that interest payable on the maturity date or any redemption date is payable to the persons to whom the principal of such 2021 notes is payable. If a floating rate interest payment date (other than any maturity date or any earlier redemption date) is not a business day, then such floating rate interest payment date shall be the next succeeding business day, unless the next succeeding business day is in the next succeeding calendar month, in which case the floating rate interest payment date shall be the immediately preceding business day. If the maturity date or any earlier redemption date of any 2021 notes falls on a day that is not a business day, the payment of principal and interest, if any, otherwise payable on such date will be postponed to the next succeeding business day, and no interest on such payment will accrue from and after the maturity date or earlier redemption date, as applicable. 
The 2021 notes bear interest for each interest period at a rate determined by U.S. Bank National Association, acting as calculation agent. The interest rate on 2021 notes for each day of an interest period is a rate equal to LIBOR as determined on the interest determination date plus the amount, per year, described above. 
The interest rate for each interest period is reset on February 1, May 1, August 1 and November 1 of each year (each such date, an “interest reset date”), and was set for the initial interest period on the date of original issuance of the 2021 notes. If any interest reset date would otherwise be a day that is not a business day, such interest reset date shall be the next succeeding business day, unless the next succeeding business day is in the next succeeding calendar month, in which case such interest reset date shall be the immediately preceding business day. The initial interest period for the 2021 notes was the period from and including the original issuance date of the 2021 notes to, but excluding, the first interest reset date. Thereafter, an “interest period” shall mean the period from and including an interest reset date to, but excluding, the next succeeding interest reset date and, in the case of the last such period, from and including the interest reset date immediately preceding the maturity date of the 2021 notes or any earlier redemption date of the 2021 notes, as the case may be, to, but excluding, such maturity date or earlier redemption date. 

5

Exhibit 4.16

The interest determination date for the initial interest period was the date that was the second London business day preceding the date of original issuance of the 2021 notes and for any other interest period is the second London business day preceding the relevant interest reset date. A ‘‘London business day’’ is a day on which dealings in deposits in U.S. dollars are transacted in the London interbank market. Promptly upon determination, the calculation agent will inform us of the interest rate for the next interest period. Absent manifest error, the determination of the interest rate by the calculation agent shall be conclusive and binding on the holders of the 2021 notes, the trustee and us. So long as LIBOR is required to be determined with respect to the 2021 notes, there will at all times be a calculation agent. In the event that any then acting calculation agent shall be unable or unwilling to act, or that such calculation agent shall fail to duly establish LIBOR for any interest period, or that we propose to remove such calculation agent, we shall appoint another person which is a bank, trust company, investment banking firm or other financial institution to act as the calculation agent. 
On any interest determination date, LIBOR will be equal to the offered rate for deposits in U.S. dollars having an index maturity of three months as such rate appears on “Reuters Page LIBOR01” at approximately 11:00 a.m., London time, on such interest determination date. If on an interest determination date, such rate does not appear on the “Reuters Page LIBOR01” at approximately 11:00 a.m., London time, or if “Reuters Page LIBOR01” is not available at such time, the calculation agent will obtain such rate from Bloomberg L.P.’s page “BBAM.” 
Subject to the immediately following paragraph, if no offered rate appears on “Reuters Page LIBOR01” or Bloomberg L.P.’s page “BBAM” on an interest determination date at approximately 11:00 a.m., London time, then we will select four major banks in the London interbank market and shall request each of their principal London offices to provide to the calculation agent a quotation of the rate at which three-month deposits in U.S. dollars in amounts of at least $1 million are offered by it to prime banks in the London interbank market, on that date and at that time, that is representative of single transactions at that time. If at least two quotations are provided, LIBOR will be the arithmetic average of the quotations provided. Otherwise, we will select three major banks in New York City and shall request each of them to provide to the calculation agent a quotation of the rate offered by them at approximately 11:00 a.m., New York City time, on the interest determination date for loans in U.S. dollars to leading European banks having an index maturity of three months for the applicable interest period in an amount of at least $1 million that is representative of single transactions at that time. If three quotations are provided, LIBOR will be the arithmetic average of the quotations provided. Otherwise, the rate of LIBOR for the next interest period will be set equal to the rate of LIBOR for the then current interest period. 
Notwithstanding the paragraph immediately above, if the Company, in its sole discretion, determines that LIBOR has been permanently or indefinitely discontinued and the Company has notified the calculation agent of such determination (a “LIBOR event”), the calculation agent will use, as directed by the Company, as a substitute for LIBOR (the “alternative rate”) for each future floating rate interest determination date, the alternative reference rate selected by the central bank, reserve bank, monetary authority or any similar institution (including any committee or working group thereof) that is consistent with market practice regarding a substitute for LIBOR. As part of such substitution, the calculation agent will, as directed by the Company, make such adjustments to the alternative rate or the spread thereon, as well as the business day convention, interest determination dates and related provisions and definitions (“adjustments”), in each case that are consistent with market practice for the use of such alternative rate. Notwithstanding the foregoing, if the Company determines that there is no alternative reference rate selected by the central bank, reserve bank, monetary authority or any similar institution (including any committee or working group thereof) that is consistent with market practice regarding a substitute for LIBOR, the Company may, in its sole discretion, appoint an independent financial advisor (“IFA”) to 

6

Exhibit 4.16

determine an appropriate alternative rate and any adjustments, and the decision of the IFA will be conclusive and binding on the Company, the calculation agent, the trustee and the holders of 2021 notes. If a LIBOR event has occurred, but for any reason an alternative rate has not been determined or there is no such market practice for the use of such alternative rate (and, in each case, an IFA has not determined an appropriate alternative rate and adjustments), the rate of LIBOR for the next interest period will be set equal to the rate of LIBOR for the then current interest period. 
The amount of interest for each day that the 2021 notes of any series are outstanding (the “daily interest amount”) is calculated by dividing the floating interest rate in effect for such day for such series by 360 and multiplying the result by the principal amount of the 2021 notes of such series. The amount of interest to be paid on the 2021 notes for any interest period is calculated by adding the daily interest amounts for each day in such interest period. The interest rate on the 2021 notes is limited to the maximum rate permitted by New York law, as the same may be modified by United States law of general application. All percentages resulting from any calculation of any interest rate for the 2021 notes are rounded, if necessary, to the nearest one hundred thousandth of a percentage point, with five one-millionths of a percentage point rounded upward (e.g., 9.876545% (or .09876545) would be rounded to 9.87655% (or .0987655)), and all U.S. dollar amounts are rounded to the nearest cent, with one-half cent being rounded upward.  Upon prior written request from any holder of the 2021 notes, the calculation agent will provide the interest rate in effect on the 2021 notes for the current interest period and, if it has been determined, the interest rate to be in effect for the next interest period.
Certain Interest Provisions Relating to the 2022 Notes, the 2024 Notes, the 2025 Notes, the 2027 Notes and the 2029 Notes (together the “Fixed Rate Notes”):
The 2022 notes mature on April 1, 2022 and accrue interest at a rate per year equal to 2.950%.  Interest on the 2022 notes accrues from the last interest payment date on which interest was paid or duly provided for, or, if no interest has been paid or duly provided for, from the date of their original issuance. 
The 2024 notes will mature on April 1, 2024 and will accrue interest at a rate per year equal to 3.750%. Interest on the 2024 notes will accrue from the last interest payment date on which interest was paid or duly provided for, or, if no interest has been paid or duly provided for, from the date of their original issuance. 
The 2025 notes mature on April 1, 2025 and accrue interest at a rate per year equal to 3.625%.  Interest on the 2025 notes accrues from the last interest payment date on which interest was paid or duly provided for, or, if no interest has been paid or duly provided for, from the date of their original issuance. 
The 2027 notes mature on April 1, 2027and accrue interest at a rate per year equal to 3.300%. Interest on the 2027 notes accrues from the last interest payment date on which interest was paid or duly provided for, or, if no interest has been paid or duly provided for, from the date of their original issuance. 
The 2029 notes will mature on October 1, 2029 and accrue interest at a rate per year equal to 2.750%. Interest on the 2029 notes will accrue from the last interest payment date on which interest was paid or duly provided for, or, if no interest has been paid or duly provided for, from the date of their original issuance. 
The amount of interest payable on the fixed rate notes is computed on the basis of a 360-day year consisting of twelve 30-day months. In the event that any day on which interest is payable on the notes is not a business day, then payment of the interest payable on such date will be made on the next succeeding day which is a business day (and without any interest or other payment in respect of such delay), with the 

7

Exhibit 4.16

same force and effect as if made on such date.  Interest on the fixed rate notes is payable semi-annually in arrears on April 1 and October 1 of each year, to the persons in whose names such notes are registered at the close of business on the preceding March 15 or September 15, as the case may be (whether or not a business day). Interest that we pay on the maturity date of any series of fixed rate notes is paid to the person to whom the principal will be payable. 
If the maturity date of any series of the fixed rate notes falls on a day that is not a business day, we will postpone the payment of principal and interest on such series of notes to the next succeeding business day, but the payment made on such date will be treated as being made on the date that the payment was first due and the holders of such notes will not be entitled to any further interest or other payments with respect to such postponement. 
No Sinking Fund 
The notes are not entitled to any sinking fund. 
Optional Redemption of the 2021 Notes:
The 2021 notes are redeemable, in whole or in part, at any time on or after October 2, 2021 (30 days prior to the maturity of the 2021 notes) (the “2021 notes par call date”) at a redemption price equal to 100% of the principal amount of the 2021 notes to be redeemed, plus accrued and unpaid interest to, but not including, the redemption date. 
Notwithstanding the foregoing, installments of interest on any 2021 notes that are due and payable on interest payment dates falling on or prior to a redemption date will be payable on the interest payment date to the registered holders as of the close of business on the relevant record date according to the 2021 notes and the indenture. 
Optional Redemption of the Fixed Rate Notes:
With respect to the 2022 notes, prior to February 1, 2022 (two months prior to the maturity date of the notes), the notes are redeemable, in whole at any time or in part from time to time, at our option, at a redemption price equal to the greater of: 
		
	(i)
	100% of the principal amount of the notes to be redeemed, and 

		
	(ii)
	as determined by the quotation agent (as defined below), the sum of the present values of the remaining scheduled payments of principal and interest on the notes being redeemed (exclusive of interest accrued and unpaid as of the date of redemption), discounted to the date of redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the treasury rate (as defined below), plus 15 basis points, plus, in each case, accrued and unpaid interest thereon to, but not including, the date of redemption. 

On or after February 1, 2022 (two months prior to the maturity date of the notes), the notes are redeemable, in whole at any time or in part from time to time, at our option, at a redemption price equal to 100% of the principal amount of the notes to be redeemed plus accrued and unpaid interest to, but not including, the date of redemption. 

8

Exhibit 4.16

With respect to the 2024 notes, prior to March 2, 2024 (30 days prior to the maturity date of the 2024 notes) (the “2024 notes par call date”), the 2024 notes are redeemable, in whole at any time or in part from time to time, at our option, at a redemption price equal to the greater of: 
		
	(i)
	100% of the principal amount of the 2024 notes to be redeemed, and 

		
	(ii)
	as determined by the quotation agent (as defined below), the sum of the present values of the remaining scheduled payments of principal and interest on the notes being redeemed (excluding any portions of such payments of interest accrued and unpaid as of the redemption date) assuming that such 2024 notes matured on the 2024 notes par call date, discounted to the redemption date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the treasury rate (as defined below), plus 15 basis points, 

plus in each case of (i) and (ii), accrued and unpaid interest thereon to, but not including, the redemption date.
On or after the 2024 notes par call date, the 2024 notes are redeemable, in whole at any time or in part from time to time, at our option, at a redemption price equal to 100% of the principal amount of the 2024 notes to be redeemed plus accrued and unpaid interest to, but not including, the redemption date. 
With respect to the 2025 notes, prior to January 1, 2025 (three months prior to the maturity date of the notes), the notes are redeemable, in whole at any time or in part from time to time, at our option, at a redemption price equal to the greater of: 
		
	(i)
	100% of the principal amount of the notes to be redeemed, and 

		
	(ii)
	as determined by the quotation agent (as defined below), the sum of the present values of the remaining scheduled payments of principal and interest on the notes being redeemed (exclusive of interest accrued and unpaid as of the date of redemption), discounted to the date of redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the treasury rate (as defined below), plus 25 basis points, plus, in each case, accrued and unpaid interest thereon to, but not including, the date of redemption. 

On or after January 1, 2025 (three months prior to the maturity date of the notes), the notes are redeemable, in whole at any time or in part from time to time, at our option, at a redemption price equal to 100% of the principal amount of the notes to be redeemed plus accrued and unpaid interest to, but not including, the date of redemption. 
With respect to the 2027 notes, prior to  January 1, 2027 (three months prior to the maturity date of the notes) the notes are redeemable, in whole at any time or in part from time to time, at our option, at a redemption price equal to the greater of: 
		
	(i)
	100% of the principal amount of the notes to be redeemed, and 

		
	(ii)
	as determined by the quotation agent (as defined below), the sum of the present values of the remaining scheduled payments of principal and interest on the notes being redeemed (excluding any portions of such payments of interest accrued and unpaid as of the redemption date) assuming that such notes matured on January 1, 2027, discounted to the redemption date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the treasury rate (as defined below), plus 20 basis points, 

9

Exhibit 4.16

plus in each case of (i) and (ii), accrued and unpaid interest thereon to, but not including, the redemption date.
On or after January 1, 2027 (three months prior to the maturity date of the notes), the notes are redeemable, in whole at any time or in part from time to time, at our option, at a redemption price equal to 100% of the principal amount of the notes to be redeemed plus accrued and unpaid interest to, but not including, the redemption date. 
With respect to the 2029 notes, prior to July 1, 2029 (three months prior to the maturity date of the notes) (the “2029 notes par call date”), the notes are redeemable, in whole at any time or in part from time to time, at our option, at a redemption price equal to the greater of: 
		
	(i)
	100% of the principal amount of the notes to be redeemed, and 

		
	(ii)
	as determined by the quotation agent (as defined below), the sum of the present values of the remaining scheduled payments of principal and interest on the notes being redeemed (excluding any portions of such payments of interest accrued and unpaid as of the redemption date) assuming that such notes matured on the 2029 notes par call date, discounted to the redemption date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the treasury rate (as defined below), plus 20 basis points, 

plus, in each case of (i) and (ii), accrued and unpaid interest thereon to, but not including, the redemption date.
On or after the 2029 notes par call date, the notes are redeemable, in whole at any time or in part from time to time, at our option, at a redemption price equal to 100% of the principal amount of the notes to be redeemed plus accrued and unpaid interest to, but not including, the redemption date.
Notwithstanding the foregoing, installments of interest on notes that are due and payable on interest payment dates falling on or prior to a redemption date will be payable on the interest payment date to the registered holders as of the close of business on the relevant record date according to the notes and the indenture. 
For purposes of the “—Optional Redemption of the Fixed Rate Notes” the following definitions are applicable:
“comparable treasury issue” means that United States Treasury security selected by the quotation agent as having an actual or interpolated maturity comparable to the remaining term (as measured from the redemption date and (A) with respect to the 2024 notes, assuming, for this purpose, that the 2024 notes matured on the 2024 notes par call date and (B) with respect to the 2029 notes, assuming, for this purpose, that the 2029 notes matured on the 2029 notes par call date) of the notes to be redeemed that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate notes of comparable maturity to the remaining term of the notes ((A) with respect to the 2024 notes, assuming, for this purpose, that the 2024 notes matured on the 2024 notes par call date and (B) with respect to the 2029 notes, assuming, for this purpose, that the 2029 notes matured on the 2029 notes par call date). 
“comparable treasury price” means, with respect to any redemption date, (i) the average of four reference treasury dealer quotations for such redemption date, after excluding the highest and lowest such 

10

Exhibit 4.16

reference treasury dealer quotations, or (ii) if the quotation agent obtains fewer than four such reference treasury dealer quotations, the average of all such quotations. 
“quotation agent” means a reference treasury dealer appointed by us. 
“reference treasury dealer” means, with respect to the (A) 2022 notes, “reference treasury dealer” means each of (i) J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated or their respective affiliates that are primary U.S. Government securities dealers in New York City (a “Primary Treasury Dealer”), and their respective successors, provided, however, that if any of the foregoing shall cease to be a primary U.S. Government securities dealer in New York City, we will substitute therefor another Primary Treasury Dealer, and (ii) at least two other Primary Treasury Dealers selected by us, (B) 2024 notes, (i) each of Barclays Capital Inc., Citigroup Global Markets Inc. and TD Securities (USA) LLC or any of their respective affiliates that is a primary U.S. Government securities dealer in New York City (a “Primary Treasury Dealer”), and their respective successors, provided, however, that if any of the foregoing shall cease to be a primary U.S. Government securities dealer in New York City, we will substitute therefor another Primary Treasury Dealer, and (ii) at least two other Primary Treasury Dealers selected by us, (C) 2025 notes, each of (i) Barclays Capital Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated or their respective affiliates that is a primary U.S. Government securities dealer in New York City (a “Primary Treasury Dealer”), and their respective successors, provided, however, that if any of the foregoing shall cease to be a primary U.S. Government securities dealer in New York City, we will substitute therefor another Primary Treasury Dealer, and (ii) at least one other Primary Treasury Dealer selected by us, (D) 2027 notes, (i) each of Barclays Capital Inc. and Wells Fargo Securities, LLC or any of their respective affiliates that is a primary U.S. Government securities dealers in New York City (a “Primary Treasury Dealer”), and their respective successors, provided, however, that if any of the foregoing shall cease to be a primary U.S. Government securities dealer in New York City, we will substitute therefor another Primary Treasury Dealer, and (ii) at least two other Primary Treasury Dealers selected by us and (E) 2029 notes, (i) each of J.P. Morgan Securities LLC, Wells Fargo Securities, LLC or any of their respective affiliates that is a primary U.S. Government securities dealer in New York City (a “primary treasury dealer”), and their respective successors, (ii) a Primary Treasury Dealer selected by U.S. Bancorp Investments, Inc. and its successors, provided, however, that if any of the foregoing shall cease to be a primary U.S. Government securities dealer in New York City, we will substitute therefor another Primary Treasury Dealer, and (iii) at least two other Primary Treasury Dealers selected by us. 
“reference treasury dealer quotations” means, with respect to each Reference Treasury Dealer and any redemption date, the average, as determined by us, of the bid and asked prices for the comparable treasury issue (expressed in each case as a percentage of its principal amount) quoted in writing to the quotation agent by such Reference Treasury Dealer at 5:00 p.m., New York City time, on the third business day preceding such redemption date. 
“treasury rate” means, with respect to any redemption date, the rate per annum equal to the semi-annual equivalent yield to maturity of the comparable treasury issue, assuming a price for the comparable treasury issue (expressed as a percentage of its principal amount) equal to the comparable treasury price for such redemption date. 
General Redemption Provisions Relating to all Notes:
Notice of any redemption will be mailed or sent electronically (A) with respect to the 2022 notes, the 2025 notes and the 2027 notes, at least 30 days and (B) with respect to the 2021 notes, the 2024 notes 

11

Exhibit 4.16

and the 2029 notes, at least 15 days, but not more than 60 days, before the redemption date to each registered holder of notes to be redeemed, except that redemption notices may be mailed or sent more than 60 days prior to a redemption date if the notice is issued in connection with a defeasance of the notes or a satisfaction and discharge of the indenture. Once notice of redemption is mailed or sent electronically, the notes called for redemption will become due and payable on the redemption date and at the applicable redemption price, plus accrued and unpaid interest to, but not including, the redemption date. Unless we default in payment of the redemption price, on and after the redemption date, interest will cease to accrue on the notes or portion thereof called for redemption. 
We are not required (i) to register, transfer or exchange notes during the period from the opening of business 15 days before the day a notice of redemption relating to the notes selected for redemption is sent to the close of business on the day that notice is sent, or (ii) to register, transfer or exchange any such note so selected for redemption, except for the unredeemed portion of any note being redeemed in part. 
If less than all of the notes are to be redeemed at any time, and if the notes are global notes held by DTC, the applicable operational procedures of DTC for selection of notes for redemption will apply. If the notes are not global notes held by DTC, the trustee will select notes for redemption on a pro rata basis unless otherwise required by law or applicable stock exchange requirements. 
If any note is to be redeemed in part only, the notice of redemption that relates to that note will state the portion of the principal amount of that note that is to be redeemed. A new note in principal amount equal to the unredeemed portion of the original note will be issued in the name of the holder of the note upon cancellation of the original note. Notes called for redemption become due on the date fixed for redemption. 
Limitations on Liens
As long as any of the notes are outstanding, we will not, and will not permit any of our Subsidiaries to, create, assume, incur or guarantee any indebtedness for borrowed money secured by a pledge, lien or other encumbrance, in each case on the voting securities of TD Ameritrade Online Holdings Corp., TD Ameritrade Clearing, Inc. and TD Ameritrade, Inc. (A) with respect to the 2022 notes, the 2025 notes and the 2027 notes, without securing the notes to the same extent and (B) with respect to the 2021 notes, the 2024 notes and the 2029 notes, unless we shall cause the notes to be secured equally and ratably with (or, at our option, prior to) any indebtedness secured thereby. However, the indenture will permit liens on the voting stock of such Subsidiaries without securing the notes if the liens arise because of: 
		
	•
	claims against us for taxes or assessments or other governmental charges or levies that are not then due and delinquent, that we are contesting in good faith, or that are for less than $1 million; 

		
	•
	litigation or legal proceedings that we are contesting in good faith or that involve claims against us for less than $1 million; 

		
	•
	deposits to secure, or in place of, any surety, stay, appeal or customs bonds; or 

		
	•
	any other reason if our Board of Directors determines that the lien will not materially detract from or interfere with the present value or control by us of the voting stock subject to the lien. 

When a lien securing indebtedness for borrowed money that gave rise to this covenant’s requirement that the notes be secured to the same extent is released or terminated, as the case may be, by 

12

Exhibit 4.16

the holder or holders thereof, then the corresponding lien that secures the notes will be deemed automatically released or terminated, as the case may be, without further act or deed on the part of any person. 
Merger or Consolidation 
As long as any debt securities are outstanding, we may not, directly or indirectly: (1) consolidate or merge with or into another person (whether or not the Company is the surviving corporation) or (2) sell, assign, transfer, convey or otherwise dispose of all or substantially all of the properties or assets of the Company and its Subsidiaries, taken as a whole, in one or more related transactions, to another person, unless: 
		
	•
	either (a) we are the survivor formed by or resulting from such consolidation or merger or (b) the surviving or successor entity is a corporation or limited liability company organized or existing under the laws of the United States, any State of the United States or the District of Columbia; 

		
	•
	the surviving or successor entity (if other than the Company) or the person to which such sale, assignment, transfer, conveyance or other disposition has been made expressly assumes all the obligations of the Company under the debt securities and the indenture pursuant to a supplemental indenture reasonably satisfactory to the trustee; 

		
	•
	immediately after completion of the transaction, no event of default, and no event which, after notice or lapse of time, or both, would become an event of default, has occurred and is continuing; and 

		
	•
	the surviving or successor entity shall have delivered to the trustee an opinion of counsel stating that such transaction and any supplemental indenture entered into in connection with such transaction comply with the indenture provisions and that all conditions precedent in the indenture relating to such transaction have been complied with. 

In addition, the Company may not, directly or indirectly, lease all or substantially all of the properties or assets of the Company and its Subsidiaries, taken as a whole, in one or more related transactions, to another person. However, this restriction on mergers and consolidations shall not apply to: 
		
	•
	a merger of the Company with an affiliate solely for the purpose of reincorporating the Company in another jurisdiction; or 

		
	•
	any consolidation or merger, or any sale, assignment, transfer, lease, conveyance or other disposition of assets between or among the Company and its Subsidiaries.

Reports by the Company 
We will file with the trustee, within 15 days after we are required to file with the SEC, copies of the annual reports and of the information, documents, and other reports which we have so filed with the SEC pursuant to Section 13 or Section 15(d) of the Exchange Act. Filing of any such annual report, information, documents and such other reports on the SEC’s EDGAR system (or any successor thereto) or any other publicly available database maintained by the SEC is deemed to satisfy this requirement. 
Events of Default 
“event of default” means, with respect to a series of debt securities, any of the following events: 

13

Exhibit 4.16

		
	•
	failure to pay interest on the debt securities of such series, which failure continues for a period of 30 days after payment is due; 

		
	•
	failure to make any principal or premium payment on the debt securities of such series when due; 

		
	•
	failure to comply with any covenant or other agreement in the indenture or any term in the debt securities for 60 days after we receive notice from the trustee or the holders of at least 25% in aggregate principal amount of the debt securities of such series then outstanding voting as a single class; 

		
	•
	certain events of bankruptcy, insolvency or reorganization of the Company or any of our Subsidiaries that is a significant subsidiary or any group of our Subsidiaries that, taken together, would constitute a significant subsidiary; or 

		
	•
	any other event of default provided with respect to debt securities of such series pursuant to the indenture. 

In the case of an event of default arising from certain events of bankruptcy or insolvency with respect to the Company, any subsidiary of the Company that is a significant subsidiary or any group of Subsidiaries of the Company that, taken together, would constitute a significant subsidiary, all outstanding debt securities of each series will become due and payable immediately without further action or notice. If any other event of default occurs and is continuing, the trustee or the holders of at least 25% in aggregate principal amount of the then outstanding debt securities of a particular series may declare all the debt securities of such series to be due and payable immediately. 
Subject to certain limitations, holders of a majority in aggregate principal amount of the then outstanding debt securities of a particular series may direct the trustee in its exercise of any trust or power with respect to that series. The trustee may withhold from holders of the debt securities of any series notice of any continuing default or event of default if it determines that withholding notice is in their interest, except a default or event of default relating to the payment of principal, interest or premium, on such debt securities, if any. 
Subject to the provisions of the indenture relating to the duties of the trustee, in case an event of default occurs and is continuing, the trustee is under no obligation to exercise any of the rights or powers under the indenture with respect to any series of debt securities at the request or direction of any holders of such series of debt securities unless such holders have offered to the trustee reasonable indemnity or security against any loss, liability or expense. Except to enforce the right to receive payment of principal, premium, if any, or interest, if any, when due, no holder of a debt security of a particular series may pursue any remedy with respect to the indenture or such series of debt securities unless: 
		
	(1)
	such holder has previously given the trustee notice that an event of default is continuing; 

		
	(2)
	holders of at least 25% in aggregate principal amount of the then outstanding debt securities of such series have requested the trustee to pursue the remedy; 

		
	(3)
	such holders have offered security or indemnity reasonably satisfactory to the trustee against any loss, liability or expense; 

		
	(4)
	the trustee has not complied with such request within 60 days after the receipt of the request and the offer of security or indemnity; and 

14

Exhibit 4.16

		
	(5)
	holders of a majority in aggregate principal amount of the then outstanding debt securities of such series have not given the trustee a direction inconsistent with such request within such 60-day period. 

The holders of a majority in aggregate principal amount of the then outstanding debt securities of a particular series by notice to the trustee may, on behalf of the holders of all of the debt securities of such series, rescind an acceleration or waive any existing default or event of default and its consequences under the indenture, except a continuing default or event of default in the payment of interest or premium on, or the principal of, the debt securities of such series. 
We are required to deliver to the trustee annually a certificate regarding compliance with the indenture. Upon becoming aware of any default or event of default, we are required to deliver to the trustee a statement specifying such default or event of default. 
Modification or Waiver 
We and the trustee may at any time and from time to time, amend the indenture without the consent of the holders of outstanding debt securities for any of the following purposes: 
		
	•
	to effect the assumption of our obligations under the indenture by (A) with respect to the 2022 notes and the 2025 notes, a successor corporation or (B) with respect to the 2021 notes, the 2024 notes, the 2027 notes or the 2029 notes, a successor person; 

		
	•
	to impose additional covenants and events of default or to add guarantees of any person for the benefit of the holders of any series of debt securities; 

		
	•
	to add or change any of the provisions of the indenture relating to the issuance or exchange of debt securities of any series in registered form, but only if such action does not adversely affect the interests of the holders of outstanding debt securities of such series or related coupons in any material respect; 

		
	•
	to change or eliminate any of the provisions of the indenture, but only if the change or elimination becomes effective when there is no outstanding debt security of any series or related coupon which is entitled to the benefit of such provision and as to which such modification would apply; 

		
	•
	to secure the debt securities of any series; 

		
	•
	to supplement any of the provisions of the indenture to permit or facilitate the defeasance and discharge of any series of debt securities, but only if such action does not adversely affect the interests of the holders of outstanding debt securities of any series or related coupons in any material respect; 

		
	•
	to establish the form or terms of the debt securities and coupons, if any, of any series as permitted by the indenture; 

		
	•
	to evidence and provide for the acceptance of appointment by a successor trustee and to add to or change any of the provisions of the indenture to facilitate the administration of the trusts by more than one trustee; 

		
	•
	to cure any ambiguity, to correct or supplement any other provision therein, or to make any other provisions with respect to matters or questions arising under the indenture; provided that, such action pursuant to this clause shall not adversely affect the interests of the holders of outstanding debt securities of any series in any material respect; 

15

Exhibit 4.16

		
	•
	to conform the text of the indenture or the debt securities to any provision of a description of such debt securities appearing in a prospectus or a prospectus supplement to which such debt securities were offered to the extent that such provision was intended to be a verbatim recitation of a provision of the indenture or  the debt securities; and

		
	•
	to comply with requirements of the SEC in order to effect or maintain the qualification of this indenture under the Trust Indenture Act. 

In addition,  (A) with respect to the 2022 notes and the 2025 notes, we and (B) with respect to the 2021 notes, the 2024 notes, the 2027 notes or the 2029 notes, we and the trustee may modify the indenture with the consent of the holders of not less than a majority in principal amount of each series of outstanding debt securities affected by such modification to add, change or eliminate any provision of, or to modify the rights of holders of debt securities of such series under, the indenture. But we may not take any of the following actions without the consent of each holder of outstanding debt securities affected thereby: 
		
	•
	change the stated maturity of the principal of, or any installment of interest on, the debt securities of any series or related coupon, reduce the principal amount thereof, the interest thereon or any premium payable upon redemption thereof, change the currency or currencies in which the principal, premium or interest is denominated or payable; 

		
	•
	reduce the amount of, or impair the right to institute suit for the enforcement of, any payment on the debt securities of any series following maturity thereof; 

		
	•
	reduce the percentage in principal amount of outstanding debt securities of any series required for consent to any waiver of defaults or compliance with certain provisions of the indenture; and

		
	•
	modify any provision of the indenture relating to modifications and waivers of defaults and covenants, except to increase any such percentage or to provide that certain other provisions cannot be modified or waived without the consent of each holder of outstanding debt securities affected thereby. 

A modification with respect to one or more particular series of debt securities and related coupons, if any, will not affect the rights under the indenture of the holders of debt securities of any other series and related coupons, if any. 
The holders of a majority in principal amount of the outstanding debt securities of any series may, on behalf of the holders of all debt securities of such series, waive any past default under the indenture with respect to the debt securities of such series, except a default (i) in the payment of principal of, premium, if any, or interest on such series or (ii) in respect of a covenant or provision which, as described above, cannot be modified or amended without the consent of each holder of debt securities of such series. Upon any such waiver, the default will cease to exist with respect to the debt securities of such series and any event of default arising therefrom will be deemed to have been cured for every purpose of the debt securities of such series under the indenture, but the waiver will not extend to any subsequent or other default or impair any right consequent thereon. 
We may elect in any particular instance not to comply with certain covenants set forth in the indenture or the debt securities of any series if, before the time for such compliance, the holders of at least a majority in principal amount of the outstanding debt securities of such series either waive compliance in that instance or generally waive compliance with those provisions, but the waiver may not extend to or affect any term, provision or condition except to the extent expressly so waived, and, until the waiver 

16

Exhibit 4.16

becomes effective, our obligations and the duties of the trustee in respect of any such provision will remain in full force and effect. 
Discharge, Legal Defeasance and Covenant Defeasance Relating to the 2022 and 2025 Notes 
We may be discharged from all of our obligations with respect to the outstanding debt securities of any series (except as otherwise provided in the indenture) when: 
		
	•
	either (i) all the debt securities of such series and related coupons, if any, have been delivered to the trustee for cancellation, or (ii) all the debt securities of such series and related coupons, if any, not delivered to the trustee for cancellation: 

		
	•
	have become due and payable; 

		
	•
	will become due and payable at their stated maturity within one year; or 

		
	•
	are to be called for redemption within one year under arrangements satisfactory to the trustee for the giving of notice by the trustee; 

		
	•
	and we, in the case of clause (ii), have irrevocably deposited or caused to be deposited with the trustee, in trust, an amount in U.S. dollars or the equivalent in U.S. government securities sufficient for payment of all principal of, premium, if any, and interest on those debt securities when due or to the date of deposit, as the case may be; provided, however, in the event a petition for relief under any applicable federal or state bankruptcy, insolvency or other similar law is filed with respect to our Company within 91 days after the deposit and the trustee is required to return the deposited money to us, our obligations under the indenture with respect to those debt securities will not be deemed terminated or discharged; 

		
	•
	we have paid or caused to be paid all other sums payable by us under the indenture; and 

		
	•
	we have delivered to the trustee an officers’ certificate and an opinion of counsel each stating that all conditions precedent relating to the satisfaction and discharge of the indenture with respect to such series of debt securities have been complied with. 

We may elect (i) to be discharged from our obligations with respect to the outstanding debt securities of any series (except as otherwise specified in the indenture) or (ii) to be released from our obligation to comply with certain of the provisions of the indenture described above under “—Merger or Consolidation” with respect to the outstanding debt securities of any series (and, if so specified, any other obligation or restrictive covenant added for the benefit of the holders of such series of debt securities), in either case, if we satisfy each of the following conditions: 
		
	•
	we deposit or cause to be deposited irrevocably with the trustee, in trust, specifically pledged as security for, and dedicated solely to, the benefit of the holders of debt securities of such series money or the equivalent in U.S. government securities, or any combination thereof, sufficient, in the opinion of a nationally recognized firm of independent public accountants expressed in a written certification delivered to the trustee, for payment of all principal of, premium, if any, and interest on the outstanding debt securities of such series when due; 

		
	•
	such deposit does not cause the trustee with respect to the debt securities of such series to have a conflicting interest with respect to the debt securities of such series; 

17

Exhibit 4.16

		
	•
	such deposit will not result in a breach or violation of, or constitute a default under, the indenture or any other agreement or instrument to which we are a party or by which we are bound; 

		
	•
	on the date of such deposit, there is no continuing event of default with respect to the debt securities of such series or event (including such deposit) which, with notice or lapse of time or both, would become an event of default with respect to the debt securities of such series and, with respect to the option under clause (i) above only, no event of default with respect to such series under the provisions of the indenture relating to certain events of bankruptcy or insolvency or event which, with notice or lapse of time or both, would become an event of default with respect to such series under such bankruptcy or insolvency provisions shall have occurred and be continuing on the 91st day after such date; and 

		
	•
	solely in the case of clause (i) above, we deliver to the trustee an opinion of counsel of recognized standing in respect of U.S. federal income tax matters or a ruling of the Internal Revenue Service to the effect that the holders of debt securities of such series will not recognize income, gain or loss for U.S. federal income tax purposes as a result of such deposit, defeasance or discharge. 

Notwithstanding the foregoing, if we exercise our option under clause (ii) above and an event of default with respect to such series of debt securities under the provisions of the indenture relating to certain events of bankruptcy or insolvency or event which, with notice or lapse of time or both, would become an event of default with respect to such series of debt securities under such bankruptcy or insolvency provisions shall have occurred and be continuing on the 91st day after the date of such deposit, our obligation to comply with the provisions of the indenture described above under “—Merger or Consolidation” with respect to those debt securities will be reinstated. 
Discharge, Legal Defeasance and Covenant Defeasance Relating to the 2021 Notes, the 2024 Notes, the 2027 Notes and the 2029 Notes 
The indenture will cease to be of further effect with respect to the outstanding debt securities of any series when: 
		
	•
	(i) we have paid or caused to be paid the principal of, premium, if any, and interest on all the debt securities as and when such debt securities shall have become due and payable, (ii) all the debt securities of such series shall have been delivered to the trustee for cancellation or (iii) all the debt securities of such series not delivered to the trustee for cancellation shall have become due and payable, or are by their terms to become due and payable within one year (or, in the case of securities that pay interest at a floating rate, within the remaining term of the then current interest period) or are to be called for redemption within one year under arrangements satisfactory to the trustee for the giving of notice of redemption, and we, in the case of clause (iii), have irrevocably deposited or caused to be deposited with the trustee, in trust, an amount in U.S. dollars or the equivalent in U.S. government securities sufficient for payment of all principal of, premium, if any, and interest on those debt securities when due or to the date of deposit, as the case may be; provided, however, in the event a petition for relief under any applicable federal or state bankruptcy, insolvency or other similar law is filed with respect to the Company within 91 days after the deposit and the trustee is required to return the deposited money to us, our obligations under the indenture with respect to those debt securities will not be deemed terminated or discharged; 

		
	•
	we have paid or caused to be paid all other sums payable by us under the indenture; and

18

Exhibit 4.16

		
	•
	we have delivered to the trustee an officers’ certificate and an opinion of counsel each stating that all conditions precedent relating to the satisfaction and discharge of the indenture with respect to such series of debt securities have been complied with.

We may elect to be discharged from our obligations with respect to the outstanding debt securities of any series when: 
		
	•
	we deposit or cause to be deposited irrevocably with the trustee, in trust, specifically pledged as security for, and dedicated solely to, the benefit of the holders of debt securities of such series money or the equivalent in U.S. government securities, or any combination thereof, sufficient, in the opinion of a nationally recognized firm of independent public accountants expressed in a written certification delivered to the trustee, for payment of (x) all principal of, premium, if any, and each installment of interest on the outstanding debt securities of such series when due and (y) any mandatory sinking fund payments or analogous payments applicable to the debt securities of such series when due; 

		
	•
	such deposit does not cause the trustee with respect to the debt securities of such series to have a conflicting interest (within the meaning of Section 3.10(b) of the Trust Indenture Act) with respect to the debt securities of such series; 

		
	•
	such deposit will not result in a breach or violation of, or constitute a default under, the indenture or any other agreement or instrument to which we are a party or by which we are bound; 

		
	•
	on the date of such deposit, (i) there is no continuing event of default or event (including such deposit) which, with notice or lapse of time or both, would become an event of default with respect to the debt securities of such series and (ii) no event of default with respect to such series under the provisions of the indenture relating to certain events of bankruptcy or insolvency or event which, with notice or lapse of time or both, would become an event of default with respect to such series under such bankruptcy or insolvency provisions shall have occurred and be continuing on the 91st day after such date; and 

		
	•
	we have delivered to the trustee (x) an opinion of counsel, by counsel of recognized standing in respect of U.S. federal income tax matters, to the effect that holders of the debt securities of such series will not recognize income, gain or loss for U.S. federal income tax purposes as a result of any deposit of funds described above and will be subject to U.S. federal income tax on the same amount and in the 

		
	•
	same manner and at the same times as would have been the case if such deposit, defeasance and discharge had not occurred or (y) a ruling received from the Internal Revenue Service to the same effect as the aforementioned opinion of counsel. 

We may choose to be released from our obligation to comply with any agreement in the indenture (except (i) the covenant to pay, when due, interest on the debt securities and (ii) the covenant to pay, when due, the principal of, or premium, if any, on the debt securities) with respect to the outstanding debt securities of any series (and, if so specified, any other obligation or restrictive covenant added for the benefit of the holders of such series of debt securities), in either case, if we satisfy each of the following conditions: 
		
	•
	we deposit or cause to be deposited irrevocably with the trustee, in trust, specifically pledged as security for, and dedicated solely to, the benefit of the holders of debt securities of such series (i) money in an amount, or (ii) U.S. government securities which through the payment 

19

Exhibit 4.16

of interest and principal in respect thereof in accordance with their terms will provide not later than one day before the due date of any payment referred to in subclause (x) or (y) below money in an amount or (iii) any combination thereof, sufficient, in the opinion of a nationally recognized firm of independent public accountants expressed in a written certification delivered to the trustee, to pay and discharge without consideration of the reinvestment of such interest and after payment of all federal, state and local taxes or other charges and assessments in respect thereof payable by the trustee (x) the principal of, premium, if any, and each installment of interest on the outstanding debt securities of such series when due and (y) any mandatory sinking fund payments or analogous payments applicable to the debt securities of such series when due; 
		
	•
	on the date of such deposit, no event of default or event (including such deposit) which, with notice or lapse of time or both, would become an event of default with respect to the debt securities of such series shall have occurred and be continuing; 

		
	•
	such deposit does not cause the trustee with respect to the debt securities of such series to have a conflicting interest (within the meaning of Section 310(b) of the Trust Indenture Act) with respect to the debt securities of such series; 

		
	•
	such deposit will not result in a breach or violation of, or constitute a default under, the indenture or any other agreement or instrument to which we are a party or by which we are bound; and 

		
	•
	we have delivered to the trustee (x) an opinion of counsel, by counsel of recognized standing in respect of U.S. federal income tax matters, to the effect that holders of the debt securities of such series will not recognize income, gain or loss for U.S. federal income tax purposes as a result of any deposit of funds described above and will be subject to U.S. federal income tax on the same amount and in the same manner and at the same times as would have been the case if such deposit, defeasance and discharge had not occurred or (y) a ruling received from the Internal Revenue Service to the same effect as the aforementioned opinion of counsel. 

Notwithstanding the foregoing, if we exercise this option and an event of default with respect to such series of debt securities under the provisions of the indenture relating to certain events of bankruptcy or insolvency or event which, with notice or lapse of time or both, would become an event of default with respect to such series of debt securities under such bankruptcy or insolvency provisions shall have occurred and be continuing on the 91st day after the date of such deposit, our obligation to comply with the agreements in the indenture with respect to those debt securities will be reinstated. 
Trustee and Paying Agent and Calculation Agent
The trustee under the indenture is U.S. Bank National Association.
The agent for the payment, transfer and exchange of the notes and, with respect to the 2021 notes, the calculation agent, is U.S. Bank National Association.
Governing Law
The base indenture, the supplemental indenture and the notes are governed by and construed in accordance with the laws of the State of New York.

20

Exhibit 4.16

Certain Definitions 
“affiliate” of any specified person means any other person directly or indirectly controlling or controlled by or under direct or indirect common control with such specified person. For the purposes of this definition, “control” (including, with correlative meanings, the terms “controlling”, “controlled” and “under common control with”) when used with respect to any specified person means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of such person, whether through the ownership of voting securities, by contract or otherwise; provided that beneficial ownership of 10% or more of the voting stock of a person will be deemed to be control.
“board of directors” means:
(1)     with respect to a corporation, the board of directors of the corporation or any committee thereof duly authorized to act for the corporation;
(2)     with respect to a partnership, the board of directors of the general partner of the partnership;
(3)     with respect to a limited liability company, the managing member or members or any controlling committee of managing members thereof; and
(4)     with respect to any other person, the board or committee of such person serving a similar function.
“capital stock” means: 
		
	(1)
	in the case of a corporation, corporate stock; 

		
	(2)
	in the case of an association or business entity, any and all shares, interests, participations, rights or other equivalents (however designated) of corporate stock; 

		
	(3)
	in the case of a partnership or limited liability company, partnership interests (whether general or limited) or membership interests; and 

		
	(4)
	any other interest or participation that confers on a person the right to receive a share of the profits and losses of, or distributions of assets of, the issuing person; 

but excluding from all of the foregoing any debt securities convertible into capital stock, whether or not such debt securities include any right of participation with capital stock. 
“governmental authority” means any nation or government, any state or other political subdivision thereof and any entity exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government. 
“person” means an individual, corporation, partnership, limited liability company, joint venture, association, joint stock company, trust, unincorporated organization, governmental authority or other entity of whatever nature. 
“significant subsidiary” means, at any time, any subsidiary of the Company that is a “significant subsidiary” as defined in Rule 1-02(w) of Regulation S-X, promulgated by the SEC pursuant to the Securities Act of 1933, as amended, as such regulation is in effect on the date of the indenture, determined based upon the Company’s most recent consolidated financial statements for the most recently completed 

21

Exhibit 4.16

fiscal year as set forth in the Company’s Annual Report on Form 10-K (or 10-K/A) filed with the SEC; provided that in the case of a subsidiary formed or acquired after the date of the indenture, the determination of whether such subsidiary is a significant subsidiary shall be made on a pro forma basis based on the Company’s most recent consolidated financial statements for the most recently completed fiscal quarter or fiscal year, as applicable, as set forth in the Company’s Quarterly Report on Form 10-Q or Annual Report on Form 10-K (or 10-K/A), as applicable, filed with the SEC. 
“subsidiary” means, with respect to any specified person: 
		
	(1)
	any corporation, association or other business entity of which more than 50% of the total voting power of shares of capital stock entitled (without regard to the occurrence of any contingency and after giving effect to any voting agreement or stockholders’ agreement that effectively transfers voting power) to vote in the election of directors, managers or trustees of the corporation, association or other business entity is 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); and 

		
	(2)
	any partnership (a) the sole general partner or the managing general partner of which is such person or a subsidiary of such person or (b) the only general partners of which are that person or one or more subsidiaries of that person (or any combination thereof).

“voting stock” of any specified person as of any date means the capital stock of such person that is at the time entitled to vote in the election of the board of directors of such Person.

22

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