SEC Contract Filing

Filing Date: 2021-02-17

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>d56898dex102.htm
<DESCRIPTION>EX-10.2
<TEXT>
<HTML><HEAD>
<TITLE>EX-10.2</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.2 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>FORM OF </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>REGISTRATION
RIGHTS AGREEMENT </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This REGISTRATION RIGHTS AGREEMENT (this &#147;<B><I>Agreement</I></B>&#148;), dated as of [&nbsp;<FONT
STYLE="FONT-SIZE:70%">&#127761;</FONT>&nbsp;],&nbsp;2021, is entered into by and among Energy Transfer LP, a Delaware limited partnership (the &#147;<B><I>Parent</I></B>&#148;), and certain unitholders of Enable Midstream Partners, LP, a Delaware
limited partnership (the &#147;<B><I>Partnership</I></B>&#148;), as set forth on <U>Schedule I</U> hereto (collectively, the &#147;<B><I>Holders</I></B>&#148; and each, individually, a &#147;<B><I>Holder</I></B>&#148;). Each party to this Agreement
is sometimes referred to individually in this Agreement as a &#147;<B><I>Party</I></B>&#148; and all of the parties to this Agreement are sometimes collectively referred to in this Agreement as the &#147;<B><I>Parties</I></B>.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, this Agreement is made in connection with the entry into that certain Agreement and Plan of Merger, dated as of February&nbsp;16,
2021 (as it may be amended, supplemented, restated or otherwise modified from time to time, the &#147;<B><I>Merger Agreement</I></B>&#148;), by and among the Parent, the Partnership, Elk Merger Sub, LLC (&#147;<B><I>LP Merger Sub</I></B>&#148;), Elk
GP Merger Sub LLC (&#147;<B><I>GP Merger Sub</I></B>&#148;) and Enable GP, LLC (the &#147;<B><I>General Partner</I></B>&#148;), pursuant to which (i)&nbsp;LP Merger Sub will merge with and into the Partnership, with the Partnership surviving as a
wholly-owned subsidiary of the Parent (the &#147;<B><I>Partnership Merger</I></B>&#148;), (ii) GP Merger Sub will merge with and into the General Partner (the &#147;<B><I>GP Merger</I></B>&#148;), with the General Partner surviving the GP Merger as
a direct wholly owned subsidiary of the Parent and (iii)&nbsp;by virtue of the Partnership Merger, the Holders will receive newly issued common units representing limited partner interests in the Parent (the &#147;<B><I>Parent Common
Units</I></B>&#148;); and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the execution and delivery of this Agreement is a condition to the closing of the transactions
contemplated by the Merger Agreement (the&nbsp;&#147;<B><I>Closing</I></B>&#148;) and, in connection with the Closing, the Parent and the Holders wish to enter into this Agreement to provide the Holders certain registration rights with respect to
the Parent Common Units to be owned by the Holder following the Closing of the Partnership Merger. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">NOW, THEREFORE, in consideration of
the premises and the mutual agreements and covenants hereinafter set forth, the Parent and the Holders hereby agree as follows: </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE
I </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>DEFINITIONS </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;1.01 <U>Definitions</U>. Capitalized terms used herein without definition shall have the meanings given to them in the Merger
Agreement. The terms set forth below are used herein as so defined: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><I>Affiliate</I></B>&#148; means, with respect to a
specified Person, any other Person that directly or indirectly controls, is controlled by, or is under common control with such specified Person. For the purposes of this definition, &#147;control&#148; means the power to direct or cause the
direction of the management and policies of a Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><I>Agreement</I></B>&#148; shall have the meaning set forth in the preamble. </P>
</DIV></Center>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><I>Block Trade</I></B>&#148; shall have the meaning set forth in
<U>Section</U><U></U><U>&nbsp;2.03</U>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><I>Business Day</I></B>&#148; means any day other than a Saturday, a Sunday or a legal
holiday for commercial banks in New York, New York. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<B><I>Closing</I></B>&#148; shall have the meaning set forth in the recitals.
</P> <P STYLE="margin-top:12pt; margin-bottom:0p