Common use of Allocations and Distributions Clause in Contracts

Allocations and Distributions. Section 6.1 Allocations for Capital Account Purposes 100 Section 6.2 Allocations for Tax Purposes 112 Section 6.3 Requirement and Characterization of Distributions; Distributions to Record Holders 113 Section 6.4 Distributions of Available Cash from Operating Surplus 114 Section 6.5 Distributions of Available Cash from Capital Surplus 115 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 115 Section 6.7 Special Provisions Relating to the Holders of Converted Subordinated Units 116 Section 6.8 Special Provisions Relating to the Holders of Incentive Distribution Rights 116 Section 6.9 Entity-Level Taxation 116 Section 6.10 Special Provisions Relating to the Preferred Holders 117 Section 6.11 Special Provisions Relating to Warrants 118 ARTICLE VII MANAGEMENT AND OPERATION OF BUSINESS Section 7.1 Management 118 Section 7.2 Certificate of Limited Partnership 120 Section 7.3 Restrictions on the General Partner’s Authority 121 Section 7.4 Reimbursement of the General Partner 121 Section 7.5 Outside Activities 122 Section 7.6 Loans from the General Partner; Loans or Contributions from the Partnership or Group Members 123

Allocations and Distributions. Section 6.1 Allocations for Capital Account Purposes 100 46 Section 6.2 Allocations for Tax Purposes 112 55 Section 6.3 Requirement and Characterization of Distributions; Distributions to Record Holders 113 57 Section 6.4 Distributions of Available Cash from Operating Surplus 114 58 Section 6.5 Distributions of Available Cash from Capital Surplus 115 59 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 115 60 Section 6.7 Special Provisions Relating to the Holders of Converted Subordinated Units 116 60 Section 6.8 Special Provisions Relating to the Holders of Subordinated Class B Units 61 Section 6.9 Special Provisions Relating to the Holders of Incentive Distribution Rights 116 61 Section 6.9 6.10 Entity-Level Taxation 116 Section 6.10 Special Provisions Relating to the Preferred Holders 117 Section 6.11 Special Provisions Relating to Warrants 118 62 ARTICLE VII MANAGEMENT AND OPERATION OF BUSINESS Section 7.1 Management 118 62 Section 7.2 Certificate of Limited Partnership 120 64 Section 7.3 Restrictions on the General Partner’s Authority 121 65 Section 7.4 Reimbursement of the General Partner 121 65 Section 7.5 Outside Activities 122 66 Section 7.6 Loans from the General Partner; Loans or Contributions from the Partnership; Contracts with Affiliates; Certain Restrictions on the General Partner 67 Section 7.7 Indemnification 69 Section 7.8 Liability of Indemnitees 71 Section 7.9 Resolution of Conflicts of Interest 71 Section 7.10 Other Matters Concerning the General Partner 73 Section 7.11 Purchase or Sale of Partnership or Group Members 123Securities 73 Section 7.12 Registration Rights of the General Partner and its Affiliates 74 ii

Allocations and Distributions. 22 Section 4.1 Allocations of Net Profits and Net Losses 22 Section 4.2 Special Allocations 22 Section 4.3 Distributions 24 Section 4.4 Income Tax Allocations 26 ARTICLE V. MANAGEMENT AND RELATED MATTERS 27 Section 5.1 Power and Authority of Board 27 Section 5.2 Duties of Managers 34 Section 5.3 Officers 34 Section 5.4 Acknowledged and Permitted Activities 36 Section 5.5 Tax Elections and Status 37 Section 5.6 Tax Returns 37 Section 5.7 Tax Matters Member 37 Section 5.8 Budget Act 38 Section 5.9 Budgets 40 ARTICLE VI. INDEMNIFICATION 41 Section 6.1 Allocations for Capital Account Purposes 100 General 41 Section 6.2 Allocations for Tax Purposes 112 Indemnification of Officers, Employees (if any) and Agent 42 Section 6.3 Requirement and Characterization Non-exclusivity of DistributionsRights; Distributions to Record Holders 113 Insurance 42 Section 6.4 Distributions of Available Cash from Operating Surplus 114 Savings Clause 42 Section 6.5 Distributions Scope of Available Cash from Capital Surplus 115 Indemnity 42 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 115 Other Indemnities 43 Section 6.7 Special Provisions Relating to the Holders Replacement of Converted Subordinated Units 116 Fiduciary Duties 43 Section 6.8 Special Provisions Relating to the Holders Liability of Incentive Distribution Rights 116 Indemnitees. 43 Section 6.9 Entity-Level Taxation 116 Section 6.10 Special Provisions Relating to the Preferred Holders 117 Section 6.11 Special Provisions Relating to Warrants 118 Standards of Conduct and Modification of Duties. 44 ARTICLE VII MANAGEMENT AND OPERATION VII. RIGHTS OF BUSINESS MEMBERS 45 Section 7.1 Management 118 General 45 Section 7.2 Certificate of Limited Partnership 120 Limitations on Members 45 Section 7.3 Restrictions on the General Partner’s Authority 121 Liability of Members 45 Section 7.4 Reimbursement Withdrawal and Return of Capital Contributions 45 Section 7.5 Voting Rights 45 ARTICLE VIII. BOOKS, REPORTS, MEETINGS AND CONFIDENTIALITY 46 Section 8.1 Capital Accounts, Books and Records 46 Section 8.2 Bank Accounts 47 Section 8.3 Reports 47 Section 8.4 Meetings of Members 50 Section 8.5 Confidentiality 50 ARTICLE IX. DISSOLUTION, LIQUIDATION AND TERMINATION 52 Section 9.1 Dissolution 52 Section 9.2 Liquidation and Termination 52 ARTICLE X. TRANSFERS OF COMPANY INTERESTS 54 Section 10.1 Transfer of Company Interests 54 ARTICLE XI. REPRESENTATIONS AND WARRANTIES 55 ARTICLE XII. MISCELLANEOUS 57 Section 12.1 Notices 57 Section 12.2 Amendment 58 Section 12.3 Changes Upon CPUC Approval. 59 Section 12.4 Partition 60 Section 12.5 Entire Agreement 60 Section 12.6 Severability 60 Section 12.7 No Waiver 60 Section 12.8 Applicable Law 60 Section 12.9 Successors and Assigns 60 Section 12.10 Arbitration 60 Section 12.11 Legal Representation 62 Section 12.12 Counterparts 63 INDEX TO EXHIBITS Exhibit A Members, Capital Contributions, Sharing Ratios Exhibit B Xxxxx Companies Exhibit C Form of Fourth Amended and Restated Limited Liability Company Agreement of Crimson Holdings, LLC Exhibit D Form of CorEnergy Infrastructure Trust, Inc. Articles Supplementary Establishing and Fixing the Rights and Preferences of Series B Redeemable Convertible Preferred Stock Exhibit E Form of CorEnergy Infrastructure Trust, Inc. Articles Supplementary Establishing and Fixing the Rights and Preferences of 9.00% Series C Exchangeable Preferred Stock Exhibit F Form of CorEnergy Infrastructure Trust, Inc. Articles Supplementary Establishing and Fixing the Rights and Preferences of the General Partner 121 Section 7.5 Outside Activities 122 Section 7.6 Loans from Class B Common Stock Exhibit G Resolutions to be Approved by Managers THIRD AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT CRIMSON MIDSTREAM HOLDINGS, LLC THIS THIRD AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT (this “Agreement”), dated effective as of February 4, 2021 (the General Partner“Effective Date”), is made by and among: • Crimson Midstream Holdings, LLC, a Delaware limited liability company (the “Company”); Loans or Contributions from • CorEnergy Infrastructure Trust, Inc., a Maryland corporation (“CORR”); • Xxxx X. Xxxxx and M. Xxxxxxx Xxxxx, individually, as Members of the Partnership or Group Company; • Xxxx X. Xxxxx, as Trustee of the Xxxxxxx Xxxxx Spousal Support Trust dated December 18, 2012; Xxxxxx X. Xxxxx, as Trustee of the Xxxx Xxxxx Xxxxx Trust dated October 15, 2012; and Xxxxxx X. Xxxxx, as Trustee of the Xxxxxx Xxxxxx Xxxxx Trust dated October 15, 2012 (collectively, the “Xxxxx Trusts” and, together with Xxxx X. Xxxxx and M. Xxxxxxx Xxxxx, the “Xxxxx Members”), as Members 123of the Company; and • any other Person executing this Agreement as a Member.

Allocations and Distributions. Section 6.1 Allocations for Capital Account Purposes 100 47 Section 6.2 Allocations for Tax Purposes 112 58 Section 6.3 Requirement and Characterization of Distributions; Distributions to Record Holders 113 59 Section 6.4 Distributions of Available Cash from Operating Surplus 114 60 Section 6.5 Distributions of Available Cash from Capital Surplus 115 62 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 115 62 Section 6.7 Special Provisions Relating to the Holders of Converted Subordinated Units 116 63 Section 6.8 Special Provisions Relating to the Holders of Incentive Distribution Rights 116 63 Section 6.9 Entity-Level Taxation 116 Section 6.10 Special Provisions Relating to the Preferred Holders 117 Section 6.11 Special Provisions Relating to Warrants 118 64 ARTICLE VII MANAGEMENT AND OPERATION OF BUSINESS Section 7.1 Management 118 64 Section 7.2 Certificate of Limited Partnership 120 67 Section 7.3 Restrictions on the General Partner’s Authority 121 67 Section 7.4 Reimbursement of the General Partner 121 67 Section 7.5 Outside Activities 122 68 Section 7.6 Loans from the General Partner; Loans or Contributions from the Partnership or Group Members 12370 Section 7.7 Indemnification 71 Section 7.8 Liability of Indemnitees 72

Allocations and Distributions. Section 6.1 6.1. Allocations for Capital Account Purposes 100 Purposes. 45 Section 6.2 6.2. Allocations for Tax Purposes 112 Purposes. 53 Section 6.3 6.3. Requirement and Characterization of Distributions; Distributions to Record Holders 113 Holders. 56 Section 6.4 6.4. Distributions of Available Cash from Operating Surplus 114 Surplus. 56 Section 6.5 6.5. Distributions of Available Cash from Capital Surplus 115 Surplus. 58 Section 6.6 6.6. Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 115 Levels. 58 Section 6.7 6.7. Special Provisions Relating to the Holders of Converted Senior Subordinated Units 116 and Junior Subordinated Units. 59 Section 6.8 6.8. Special Provisions Relating to the Holders of Incentive Distribution Rights 116 Rights. 59 Section 6.9 6.9. Entity-Level Taxation 116 Section 6.10 Special Provisions Relating to the Preferred Holders 117 Section 6.11 Special Provisions Relating to Warrants 118 Taxation. 60 ARTICLE VII MANAGEMENT AND OPERATION OF BUSINESS Section 7.1 Management 118 7.1. Management. 60 Section 7.2 7.2. Certificate of Limited Partnership 120 Partnership. 62 Section 7.3 7.3. Restrictions on the General Partner’s Authority 121 Partners’ Authority. 63 Section 7.4 7.4. Reimbursement of the General Partner 121 Partners. 63 Section 7.5 7.5. Outside Activities 122 Activities. 64 Section 7.6 7.6. Loans from the General PartnerPartners; Loans or Contributions from the Partnership; Contracts with Affiliates; Certain Restrictions on the General Partners. 66 Section 7.7. Indemnification. 67 Section 7.8. Liability of Indemnitees. 69 Section 7.9. Resolution of Conflicts of Interest. 69 Section 7.10. Other Matters Concerning the General Partners. 71 Section 7.11. Purchase or Sale of Partnership Securities. 72 Section 7.12. Registration Rights of the General Partners and their Affiliates. 72 Section 7.13. Reliance by Third Parties. 74 ARTICLE VIII BOOKS, RECORDS, ACCOUNTING AND REPORTS Section 8.1. Records and Accounting. 75 Section 8.2. Fiscal Year. 75 Section 8.3. Reports. 75 -ii- Inergy, L.P. ARTICLE IX TAX MATTERS Section 9.1. Tax Returns and Information. 75 Section 9.2. Tax Elections. 76 Section 9.3. Tax Controversies. 76 Section 9.4. Withholding. 76 ARTICLE X ADMISSION OF PARTNERS Section 10.1. Admission of Initial Limited Partners. 77 Section 10.2. Admission of Substituted Limited Partner. 77 Section 10.3. Admission of Successor General Partners. 77 Section 10.4. Admission of Additional Limited Partners. 78 Section 10.5. Amendment of Agreement and Certificate of Limited Partnership. 78 ARTICLE XI WITHDRAWAL OR REMOVAL OF PARTNERS Section 11.1. Withdrawal of the Managing General Partner. 78 Section 11.2. Removal of the Managing General Partner. 80 Section 11.3. Interest of Departing Partner and Successor General Partners. 81 Section 11.4. Withdrawal of Non-Managing General Partner. 82 Section 11.5. Termination of Subordination Period, Conversion of Senior Subordinated Units and Junior Subordinated Units and Extinguishment of Cumulative Common Unit Arrearages. 83 Section 11.6. Withdrawal of Limited Partners. 83 ARTICLE XII DISSOLUTION AND LIQUIDATION Section 12.1. Dissolution. 83 Section 12.2. Continuation of the Business of the Partnership After Dissolution. 84 Section 12.3. Liquidator. 85 Section 12.4. Liquidation. 85 Section 12.5. Cancellation of Certificate of Limited Partnership. 86 Section 12.6. Return of Contributions. 86 Section 12.7. Waiver of Partition. 86 Section 12.8. Capital Account Restoration. 87 ARTICLE XIII AMENDMENT OF PARTNERSHIP AGREEMENT; MEETINGS; RECORD DATE Section 13.1. Amendment to be Adopted Solely by the Managing General Partner. 87 Section 13.2. Amendment Procedures. 88 Section 13.3. Amendment Requirements. 89 Section 13.4. Special Meetings. 89 Section 13.5. Notice of a Meeting. 90 Section 13.6. Record Date. 90 -iii- Inergy, L.P. Section 13.7. Adjournment. 90 Section 13.8. Waiver of Notice; Approval of Meeting; Approval of Minutes. 90 Section 13.9. Quorum. 91 Section 13.10. Conduct of a Meeting. 91 Section 13.11. Action Without a Meeting. 92 Section 13.12. Voting and Other Rights. 92 ARTICLE XIV MERGER Section 14.1. Authority. 93 Section 14.2. Procedure for Merger or Consolidation. 93 Section 14.3. Approval by Limited Partners of Merger or Consolidation. 94 Section 14.4. Certificate of Merger. 95 Section 14.5. Effect of Merger. 95 ARTICLE XV RIGHT TO ACQUIRE LIMITED PARTNER INTERESTS Section 15.1. Right to Acquire Limited Partner Interests. 95 ARTICLE XVI GENERAL PROVISIONS Section 16.1. Addresses and Notices. 97 Section 16.2. Further Action. 98 Section 16.3. Binding Effect. 98 Section 16.4. Integration. 98 Section 16.5. Creditors. 98 Section 16.6. Waiver. 98 Section 16.7. Counterparts. 98 Section 16.8. Applicable Law. 99 Section 16.9. Invalidity of Provisions. 99 Section 16.10. Consent of Partners. 99 SECOND AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP OF INERGY, L.P. THIS SECOND AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP OF INERGY, L.P. dated as of January 7, 2004, is entered into by and among Inergy GP LLC, a Delaware limited liability company, as the Managing General Partner, Inergy Partners, LLC, a Delaware limited liability company, as the Non-Managing General Partner and as the Organizational Limited Partner, New Inergy Propane, LLC, a Delaware limited liability company, Inergy Holdings, LLC, a Delaware limited liability company, together with any other Persons who become Partners in the Partnership or Group Members 123parties hereto as provided herein. In consideration of the covenants, conditions and agreements contained herein, the parties hereto hereby agree as follows:

Allocations and Distributions. Section 6.1 Allocations for Capital Account Purposes 100 44 Section 6.2 Allocations for Tax Purposes 112 55 Section 6.3 Requirement and Distributions; Characterization of Distributions; Distributions to Record Holders 113 57 Section 6.4 Distributions of Available Cash from Operating Surplus 114 57 Section 6.5 Distributions of Available Cash from Capital Surplus 115 59 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 115 59 Section 6.7 Special Provisions Relating to the Holders of Converted Subordinated Units 116 60 Section 6.8 Special Provisions Relating to the Holders of Incentive Distribution Rights 116 IDR Reset Common Units 60 Section 6.9 Entity-Level Taxation 116 Section 6.10 Special Provisions Relating to the Preferred Holders 117 Section 6.11 Special Provisions Relating to Warrants 118 61 ARTICLE VII MANAGEMENT AND OPERATION OF BUSINESS Section 7.1 Management 118 61 Section 7.2 Replacement of Fiduciary Duties 64 Section 7.3 Certificate of Limited Partnership 120 64 Section 7.3 7.4 Restrictions on the General Partner’s Authority 121 64 Section 7.4 7.5 Reimbursement of the General Partner 121 65 Section 7.5 7.6 Outside Activities 122 66 Section 7.6 Loans from 7.7 Indemnification 66 Section 7.8 Limitation of Liability of Indemnitees 68 Section 7.9 Resolution of Conflicts of Interest; Standards of Conduct and Modification of Duties 69 Section 7.10 Other Matters Concerning the General Partner; Loans Partner 71 Section 7.11 Purchase or Contributions from Sale of Partnership Interests 71 Section 7.12 Registration Rights of the Partnership or Group Members 123General Partner and its Affiliates 72 Section 7.13 Reliance by Third Parties 74 ARTICLE VIII

Allocations and Distributions. Section 6.1 Allocations for Capital Account Purposes 100 48 Section 6.2 Allocations for Tax Purposes 112 58 Section 6.3 Requirement and Distributions; Characterization of Distributions; Distributions to Record Holders 113 60 Section 6.4 Distributions of Available Cash from Operating Surplus 114 60 Section 6.5 Distributions of Available Cash from Capital Surplus 115 61 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 115 61 Section 6.7 Special Provisions Relating to the Holders of Converted Subordinated IDR Reset Common Units 116 62 Section 6.8 Entity-Level Taxation 62 Section 6.9 Special Provisions Relating to the Holders of Incentive Distribution Rights 116 Section 6.9 Entity-Level Taxation 116 Section 6.10 Special Provisions Relating to the Class A Preferred Holders 117 Section 6.11 Special Provisions Relating to Warrants 118 Holders. 63 ARTICLE VII MANAGEMENT AND OPERATION OF BUSINESS Section 7.1 Management 118 63 Section 7.2 Replacement of Fiduciary Duties 65 Section 7.3 Certificate of Limited Partnership 120 66 Section 7.3 7.4 Restrictions on the General Partner’s Authority 121 66 Section 7.4 7.5 Reimbursement of the General Partner 121 66 Section 7.5 7.6 Outside Activities 122 67 Section 7.6 Loans from 7.7 Indemnification 68 Section 7.8 Liability of Indemnitees 70 Section 7.9 Standards of Conduct and Modification of Duties 71 Section 7.10 Other Matters Concerning the General Partner; Loans Partner and Indemnitees 73 Section 7.11 Purchase or Contributions from Sale of Partnership Interests 74 Section 7.12 Registration Rights of the Partnership or Group Members 123General Partner and its Affiliates 74 Section 7.13 Reliance by Third Parties 77 ARTICLE VIII BOOKS, RECORDS, ACCOUNTING AND REPORTS Section 8.1 Records and Accounting 77 Section 8.2 Fiscal Year 78 Section 8.3 Reports 78 ARTICLE IX

Allocations and Distributions. Section 6.1 6.1. Allocations for Capital Account Purposes 100 Purposes. 54 Section 6.2 6.2. Allocations for Tax Purposes 112 Purposes. 62 Section 6.3 6.3. Requirement and Characterization of Distributions; Distributions to Record Holders 113 Holders. 64 Section 6.4 6.4. Distributions of Available Cash from Operating Surplus 114 Surplus. 64 Section 6.5 6.5. Distributions of Available Cash from Capital Surplus 115 Surplus. 66 Section 6.6 6.6. Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 115 Levels. 67 Section 6.7 6.7. Special Provisions Relating to the Holders of Converted Subordinated Units 116 Units. 67 Section 6.8 6.8. Special Provisions Relating to the Holders of Incentive Distribution Rights 116 Rights. 68 Section 6.9 6.9. Entity-Level Taxation 116 Section 6.10 Special Provisions Relating to the Preferred Holders 117 Section 6.11 Special Provisions Relating to Warrants 118 Taxation. 68 ARTICLE VII VII. MANAGEMENT AND OPERATION OF BUSINESS Section 7.1 Management 118 7.1. Management. 69 Section 7.2 7.2. Certificate of Limited Partnership 120 Partnership. 71 Section 7.3 7.3. Restrictions on the General Partner’s Authority 121 Authority. 71 Section 7.4 7.4. Reimbursement of the General Partner 121 Partner. 72 Section 7.5 7.5. Outside Activities 122 Activities. 73 Section 7.6 7.6. Loans from the General Partner; Loans or Contributions from the Partnership; Contracts with Affiliates; Certain Restrictions on the General Partner. 74 Section 7.7. Indemnification. 76 Section 7.8. Liability of Indemnitees. 77 Section 7.9. Resolution of Conflicts of Interest. 78 Section 7.10. Other Matters Concerning the General Partner. 80 Section 7.11. Purchase or Sale of Partnership or Group Members 123Securities. 80 Section 7.12. Registration Rights of the General Partner and its Affiliates. 81 Section 7.13. Reliance by Third Parties. 83 ARTICLE VIII. BOOKS, RECORDS, ACCOUNTING AND REPORTS Section 8.1. Records and Accounting. 83 -ii- Table of Contents Section 8.2. Fiscal Year. 83 Section 8.3. Reports. 84

Allocations and Distributions. Section 6.1 Allocations for Capital Account Purposes 100 48 Section 6.2 Allocations for Tax Purposes 112 59 Section 6.3 Requirement Requirements and Characterization of Distributions; Distributions to Record Holders 113 62 Section 6.4 Distributions of Available Cash from Operating Surplus 114 62 Section 6.5 Distributions of Available Cash from Capital Surplus 115 64 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 115 65 Section 6.7 Special Provisions Relating to the Holders of Converted Subordinated Units 116 65 Section 6.8 Special Provisions Relating to the Holders of Incentive Distribution Rights 116 IDR Reset Common Units 66 Section 6.9 Entity-Level Taxation 116 Section 6.10 Special Provisions Relating to the Preferred Holders 117 Section 6.11 Special Provisions Relating to Warrants 118 66 ARTICLE VII MANAGEMENT AND OPERATION OF BUSINESS Section 7.1 Management 118 67 Section 7.2 Replacement of Fiduciary Duties 69 Section 7.3 Certificate of Limited Partnership 120 69 Section 7.3 7.4 Restrictions on the General Partner’s Authority 121 69 ii Section 7.4 7.5 Reimbursement of the General Partner 121 70 Section 7.5 7.6 Outside Activities 122 71 Section 7.6 Loans from 7.7 Indemnification 71 Section 7.8 Liability of Indemnitees 73 Section 7.9 Standards of Conduct and Modification of Duties 74 Section 7.10 Other Matters Concerning the General Partner; Loans Partner and Indemnitees 76 Section 7.11 Purchase or Contributions from Sale of Partnership Interests 76 Section 7.12 Registration Rights of the Partnership or Group Members 123General Partner and its Affiliates 76 Section 7.13 Reliance by Third Parties 78 ARTICLE VIII

Allocations and Distributions. Section 6.1 Allocations for Capital Account Purposes 100 63 Section 6.2 Allocations for Tax Purposes 112 78 Section 6.3 Requirement and Distributions; Characterization of Distributions; Distributions to Record Holders 113 79 Section 6.4 Distributions of Available Cash from Operating Surplus 114 80 Section 6.5 Distributions of Available Cash from Capital Surplus 115 82 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 115 82 Section 6.7 Special Provisions Relating to the Holders of Converted Subordinated Units 116 83 Section 6.8 Special Provisions Relating to the Holders of Incentive Distribution Rights 116 IDR Reset Common Units 83 Section 6.9 Entity-Level Taxation 116 Section 6.10 Special Provisions Relating to the Preferred Holders 117 Section 6.11 Special Provisions Relating to Warrants 118 84 ARTICLE VII MANAGEMENT AND OPERATION OF BUSINESS Section 7.1 Management 118 84 Section 7.2 Replacement of Fiduciary Duties 87 Section 7.3 Certificate of Limited Partnership 120 87 Section 7.3 7.4 Restrictions on the General Partner’s Authority 121 87 Section 7.4 7.5 Reimbursement of the General Partner 121 88 Section 7.5 7.6 Outside Activities 122 89 Section 7.6 Loans from 7.7 Indemnification 89 Section 7.8 Limitation of Liability of Indemnitees 91 Section 7.9 Resolution of Conflicts of Interest; Standards of Conduct and Modification of Duties 92 Section 7.10 Other Matters Concerning the General Partner; Loans Partner 94 Section 7.11 Purchase or Contributions from Sale of Partnership Interests 94 Section 7.12 Registration Rights of the Partnership or Group Members 123General Partner and its Affiliates 95 Section 7.13 Reliance by Third Parties 97

Allocations and Distributions. Section 6.1 Allocations for Capital Account Purposes 100 30 Section 6.2 Allocations for Tax Purposes 112 38 Section 6.3 Requirement and Distributions; Characterization of Distributions; Distributions to Record Holders 113 39 Section 6.4 Distributions of Available Cash from Operating Surplus 114 40 Section 6.5 Distributions of Available Cash from Capital Surplus 115 41 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 115 41 Section 6.7 Special Provisions Relating to the Holders of Converted Subordinated Units 116 41 Section 6.8 Special Provisions Relating to the Holders of Incentive Distribution Rights 116 IDR Reset Common Units 42 Section 6.9 Entity-Level Taxation 116 Section 6.10 Special Provisions Relating to the Preferred Holders 117 Section 6.11 Special Provisions Relating to Warrants 118 42 ARTICLE VII MANAGEMENT AND OPERATION OF BUSINESS Section 7.1 Management 118 43 Section 7.2 Replacement of Fiduciary Duties 44 Section 7.3 Certificate of Limited Partnership 120 44 Section 7.3 7.4 Restrictions on the General Partner’s Authority 121 45 Section 7.4 7.5 Reimbursement of the General Partner 121 45 Section 7.5 7.6 Outside Activities 122 45 Section 7.6 Loans from 7.7 Indemnification 46 Section 7.8 Limitation of Liability of Indemnitees 47 Section 7.9 Resolution of Conflicts of Interest; Standards of Conduct and Modification of Duties 48 Section 7.10 Other Matters Concerning the General Partner; Loans Partner 49 Section 7.11 Purchase or Contributions from Sale of Partnership Interests 49 Section 7.12 Registration Rights of the Partnership or Group Members 123General Partner and its Affiliates 50 Section 7.13 Reliance by Third Parties 51

Allocations and Distributions. Section 6.1 6.1. Allocations for Capital Account Purposes 100 Purposes. 54 Section 6.2 6.2. Allocations for Tax Purposes 112 Purposes. 62 Section 6.3 6.3. Requirement and Characterization of Distributions; Distributions to Record Holders 113 Holders. 64 Section 6.4 6.4. Distributions of Available Cash from Operating Surplus 114 Surplus. 64 Section 6.5 6.5. Distributions of Available Cash from Capital Surplus 115 Surplus. 66 Section 6.6 6.6. Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 115 Levels. 67 Section 6.7 6.7. Special Provisions Relating to the Holders of Converted Subordinated Units 116 Units. 67 Section 6.8 6.8. Special Provisions Relating to the Holders of Incentive Distribution Rights 116 Rights. 68 Section 6.9 6.9. Entity-Level Taxation 116 Section 6.10 Special Provisions Relating to the Preferred Holders 117 Section 6.11 Special Provisions Relating to Warrants 118 Taxation. 68 ARTICLE VII VII. MANAGEMENT AND OPERATION OF BUSINESS Section 7.1 Management 118 7.1. Management. 69 Section 7.2 7.2. Certificate of Limited Partnership 120 Partnership. 71 Section 7.3 7.3. Restrictions on the General Partner’s Authority 121 Authority. 71 Section 7.4 7.4. Reimbursement of the General Partner 121 Partner. 72 Section 7.5 7.5. Outside Activities 122 Activities. 73 Section 7.6 7.6. Loans from the General Partner; Loans or Contributions from the Partnership; Contracts with Affiliates; Certain Restrictions on the General Partner. 74 Section 7.7. Indemnification. 76 Section 7.8. Liability of Indemnitees. 77 Section 7.9. Resolution of Conflicts of Interest. 78 Section 7.10. Other Matters Concerning the General Partner. 80 Section 7.11. Purchase or Sale of Partnership or Group Members 123Securities. 80 Section 7.12. Registration Rights of the General Partner and its Affiliates. 81 Section 7.13. Reliance by Third Parties. 83 ARTICLE VIII. BOOKS, RECORDS, ACCOUNTING AND REPORTS Section 8.1. Records and Accounting. 83 -ii- Magellan Midstream Partners, L.P. Section 8.2. Fiscal Year. 83 Section 8.3. Reports. 84 ARTICLE IX.

Allocations and Distributions. Section 6.1 Allocations for Capital Account Purposes 100 32 Section 6.2 Allocations for Tax Purposes 112 40 Section 6.3 Requirement and Characterization of Distributions; Distributions to Record Holders 113 41 Section 6.4 Distributions of Available Cash from Operating Surplus 114 41 Section 6.5 Distributions of Available Cash from Capital Surplus 115 44 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 115 44 Section 6.7 Special Provisions Relating to the Holders of Converted Subordinated Units 116 44 Section 6.8 Special Provisions Relating to the Holders of Incentive Distribution Rights 116 45 Section 6.9 Entity-Level Taxation 116 Section 6.10 Special Provisions Relating to the Preferred Holders 117 Section 6.11 Special Provisions Relating to Warrants 118 45 ARTICLE VII MANAGEMENT AND OPERATION OF BUSINESS Section 7.1 Management 118 45 Section 7.2 Certificate of Limited Partnership 120 47 Section 7.3 Restrictions on the General Partner’s Authority 121 47 Section 7.4 Reimbursement of the General Partner 121 47 Section 7.5 Outside Activities 122 48 Section 7.6 Loans from the General Partner; Loans or Contributions from the Partnership or Group Members 12349 Section 7.7 Indemnification 49 Section 7.8 Liability of Indemnitees 51 Section 7.9 Resolution of Conflicts of Interest; Standards of Conduct and Modification of Duties 52 Section 7.10 Other Matters Concerning the General Partner 53 Section 7.11 Purchase or Sale of Partnership Interests 53 Section 7.12 Reliance by Third Parties 53

Allocations and Distributions. Section 6.1 Allocations for Capital Account Purposes 100 26 Section 6.2 Allocations for Tax Purposes 112 Section 6.3 Requirement and Characterization of Distributions; Distributions to Record Holders 113 26 Section 6.3 Distributions of Available Cash from Operating Surplus 27 Section 6.4 Distributions of Available Cash from Operating Capital Surplus 114 28 Section 6.5 Distributions of Available Cash from Capital Surplus 115 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 115 29 Section 6.7 6.6 Special Provisions Relating to the Holders of Converted Subordinated Units 116 29 Section 6.8 6.7 Special Provisions Relating to the Holders of Incentive Distribution Rights 116 Section 6.9 Entity-Level Taxation 116 Section 6.10 Special Provisions Relating to the Preferred Holders 117 Section 6.11 Special Provisions Relating to Warrants 118 29 ARTICLE VII MANAGEMENT AND OPERATION OF BUSINESS Section 7.1 Management 118 29 Section 7.2 The Board of Directors; Election and Appointment; Term; Manner of Acting 30 Section 7.3 Nominations of Elected Directors 31 Section 7.4 Removal of Members of Board of Directors 31 Section 7.5 Resignations of Members of the Board of Directors 31 Section 7.6 Vacancies on the Board of Directors 31 Section 7.7 Meetings; Committees; Chairman 31 Section 7.8 Officers 32 Section 7.9 Compensation of Directors 33 Section 7.10 Certificate of Limited Partnership 120 33 Section 7.3 7.11 Restrictions on the Authority of the Board of Directors and the General Partner’s Authority 121 Partner 33 Section 7.4 7.12 Reimbursement of the General Partner 121 33 Section 7.5 7.13 Outside Activities 122 34 Section 7.6 7.14 Loans from the General Partner; Loans or Contributions from the Partnership or Group Members 12335 Section 7.15 Indemnification 36 Section 7.16 Liability of Indemnitees 37 Section 7.17 Resolution of Conflicts of Interest; Standards of Conduct and Modification of Duties 37 Section 7.18 Other Matters Concerning the General Partner and the Board of Directors 39 Section 7.19 Section 7.19 Purchase or Sale of Partnership Interests 39 Section 7.20 Registration Rights of the General Partner and its Affiliates 39 Section 7.21 Reliance by Third Parties 41 ARTICLE VIII BOOKS, RECORDS, ACCOUNTING AND REPORTS Section 8.1 Records and Accounting 42 Section 8.2 Fiscal Year 42 Section 8.3 Reports 42 ARTICLE IX TAX MATTERS Section 9.1 Tax Elections and Information 42 Section 9.2 Withholding 42 Section 9.3 Conduct of Operations 43 ARTICLE X ADMISSION OF PARTNERS Section 10.1 Admission of Initial Limited Partners 43 Section 10.2 Admission of Additional Limited Partners 43 Section 10.3 Admission of Successor General Partner 43 Section 10.4 Amendment of Agreement and Certificate of Limited Partnership 44 ARTICLE XI WITHDRAWAL OR REMOVAL OF PARTNERS Section 11.1 Withdrawal of the General Partner 44 Section 11.2 Removal of the General Partner 45 Section 11.3 Interest of Departing General Partner and Successor General Partner 45 Section 11.4 Termination of Subordination Period, Conversion of Subordinated Units and Extinguishment of Cumulative Common Unit Arrearages 47 Section 11.5 Withdrawal of Limited Partners 47

Allocations and Distributions. Section 6.1 Allocations for Capital Account Purposes 100 76 Section 6.2 Allocations for Tax Purposes 112 86 Section 6.3 Requirement and Characterization of Distributions; Distributions to Record Holders 113 88 Section 6.4 Distributions of Available Cash from Operating Surplus 114 88 Section 6.5 Distributions of Available Cash from Capital Surplus 115 89 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 115 89 Section 6.7 Special Provisions Relating to the Holders of Converted Subordinated Units 116 Reserved 90 Section 6.8 Special Provisions Relating to the Holders of Incentive Distribution Rights 116 90 Section 6.9 Entity-Level Taxation 116 Section 6.10 Special Provisions Relating to the Preferred Holders 117 Section 6.11 Special Provisions Relating to Warrants 118 90 ARTICLE VII MANAGEMENT AND OPERATION OF BUSINESS Section 7.1 Management 118 91 Section 7.2 Certificate of Limited Partnership 120 93 Section 7.3 Restrictions on the General Partner’s Authority 121 93 Section 7.4 Reimbursement of the General Partner 121 93 Section 7.5 Outside Activities 122 94 Section 7.6 Loans from the General Partner; Loans or Contributions from the Partnership or Group Members 12396 Section 7.7 Indemnification 96 Section 7.8 Liability of Indemnitees 98 Section 7.9 Resolution of Conflicts of Interest; Standards of Conduct and Modification of Duties 99 Section 7.10 Other Matters Concerning the General Partner 101 Section 7.11 Purchase or Sale of Partnership Interests 101 Section 7.12 Registration Rights of the General Partner and its Affiliates 101 Section 7.13 Reliance by Third Parties 104 ARTICLE VIII

Allocations and Distributions. Section 6.1 Allocations for Capital Account Purposes 100 64 Section 6.2 Allocations for Tax Purposes 112 73 Section 6.3 Requirement and Characterization of Cash Distributions; Cash Distributions to Record Holders 113 75 Section 6.4 Distributions of Available Cash from Operating Surplus 114 76 Section 6.5 Distributions of Available Cash from Capital Surplus 115 78 Section 6.6 Adjustment of Minimum Initial Quarterly Distribution and Target Distribution Levels 115 78 Section 6.7 Special Provisions Relating to the Holders of Converted Subordinated Units 116 78 Section 6.8 Special Provisions Relating to the Holders of Incentive Distribution Rights 116 79 Section 6.9 Entity-Level Taxation 116 Section 6.10 Special Provisions Relating to the Preferred Holders 117 of Class B Units. 79 Section 6.11 Special Provisions Relating to Warrants 118 6.10 Entity-Level Taxation 80 ARTICLE VII MANAGEMENT AND OPERATION OF BUSINESS Section 7.1 Management 118 82 Section 7.2 Certificate of Limited Partnership 120 84 Section 7.3 Restrictions on the General Partner’s Authority 121 84 Section 7.4 Reimbursement of the General Partner 121 85 Section 7.5 Outside Activities 122 86 Section 7.6 Loans from the General Partner; Loans or Contributions from the Partnership or Group Members 12387 Section 7.7 Indemnification 88 Section 7.8 Liability of Indemnitees 89 Section 7.9 Resolution of Conflicts of Interest; Standards of Conduct and Modification of Duties 90 Section 7.10 Other Matters Concerning the General Partner 92 Section 7.11 Purchase or Sale of Partnership Securities 93 Section 7.12 Registration Rights of the General Partner and its Affiliates 93 Section 7.13 Reliance by Third Parties 96 ARTICLE VIII BOOKS, RECORDS, ACCOUNTING AND REPORTS Section 8.1 Records and Accounting 97 Section 8.2 Fiscal Year 97 Section 8.3 Reports 97

Allocations and Distributions. Section 6.1 Allocations for Capital Account Purposes 100 34 Section 6.2 Allocations for Tax Purposes 112 40 Section 6.3 Requirement and Characterization of Distributions; Distributions to Record Holders 113 41 Section 6.4 Distributions of Available Cash from Operating Surplus 114 42 Section 6.5 Distributions of Available Cash from Capital Surplus 115 42 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 115 43 Section 6.7 Special Provisions Relating to the Holders of Converted Subordinated Class B Units 116 43 Section 6.8 Special Provisions Relating to the Holders of Incentive Distribution Rights 116 43 Section 6.9 Entity-Level Taxation 116 Section 6.10 Special Provisions Relating to the Preferred Holders 117 Section 6.11 Special Provisions Relating to Warrants 118 44 ARTICLE VII MANAGEMENT AND OPERATION OF BUSINESS Section 7.1 Management 118 44 Section 7.2 Certificate of Limited Partnership 120 46 Section 7.3 Restrictions on the General Partner’s Authority 121 46 Section 7.4 Reimbursement of the General Partner 121 46 Section 7.5 Outside Activities 122 47 Section 7.6 Loans from the General Partner; Loans or Contributions from the Partnership or Group Members 12348 Section 7.7 Indemnification 48 Section 7.8 Liability of Indemnitees 49 Section 7.9 Resolution of Conflicts of Interest; Standards of Conduct and Modification of Duties 50 Section 7.10 Other Matters Concerning the General Partner 51 Section 7.11 Purchase or Sale of Partnership Securities 51 Section 7.12 Registration Rights of the General Partner and its Affiliates 51 Section 7.13 Reliance by Third Parties 54 ARTICLE VIII BOOKS, RECORDS, ACCOUNTING AND REPORTS Section 8.1 Records and Accounting 54 Section 8.2 Fiscal Year 54 Section 8.3 Reports 54

Allocations and Distributions. Section 6.1 5.1 Allocations for Capital Account Purposes 100 26 Section 6.2 5.2 Allocations for Tax Purposes 112 32 Section 6.3 Requirement 5.3 Requirements as to, and Characterization of Distributions; of, Distributions to Record Holders 113 34 Section 6.4 5.4 Distributions 35 Section 5.5 Distributions of Available Cash from Operating Surplus 114 Interim Capital Transactions 35 Section 6.5 Distributions of Available Cash from Capital Surplus 115 Section 6.6 5.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 115 Section 6.7 Special Provisions Relating to the Holders of Converted Subordinated Units 116 Section 6.8 Special Provisions Relating to the Holders of Incentive Distribution Rights 116 Section 6.9 Entity-Level Taxation 116 Section 6.10 Special Provisions Relating to the Preferred Holders 117 Section 6.11 Special Provisions Relating to Warrants 118 36 ARTICLE VII VI MANAGEMENT AND OPERATION OF BUSINESS Section 7.1 6.1 Management 118 36 Section 7.2 6.2 Certificate of Limited Partnership 120 38 Section 7.3 6.3 Restrictions on the General Partner’s Authority 121 39 Section 7.4 6.4 Reimbursement of the General Partner 121 40 Section 7.5 6.5 Outside Activities 122 40 Section 7.6 6.6 Loans to and from the General Partner; Loans Contracts with Affiliates 41 Section 6.7 Indemnification 42 Section 6.8 Liability of Indemnitees 44 Section 6.9 Resolution of Conflicts of Interest 45 Section 6.10 Other Matters Concerning the General Partner 46 Section 6.11 Title to Partnership Assets 46 Section 6.12 Purchase or Contributions from the Partnership or Group Members 123Sale of Units 47 Section 6.13 Reliance by Third Parties 47 Section 6.14 Registration Rights of TNC and Its Affiliates 47 ARTICLE VII

Allocations and Distributions. Section 6.1 6.1. Allocations for Capital Account Purposes 100 Purposes. 48 Section 6.2 6.2. Allocations for Tax Purposes 112 Purposes. 55 Section 6.3 6.3. Requirement and Characterization of Distributions; Distributions to Record Holders 113 Holders. 58 Section 6.4 6.4. Distributions of Available Cash from Operating Surplus 114 Surplus. 58 Section 6.5 6.5. Distributions of Available Cash from Capital Surplus 115 Surplus. 60 Section 6.6 6.6. Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 115 Levels. 60 Section 6.7 6.7. Special Provisions Relating to the Holders of Converted Subordinated Units 116 Units. 61 Section 6.8 6.8. Special Provisions Relating to the Holders of Incentive Distribution Rights 116 Rights. 62 Section 6.9 6.9. Entity-Level Taxation 116 Section 6.10 Special Provisions Relating to the Preferred Holders 117 Section 6.11 Special Provisions Relating to Warrants 118 Taxation. 62 ARTICLE VII VII. MANAGEMENT AND OPERATION OF BUSINESS Section 7.1 Management 118 7.1. Management. 62 Section 7.2 7.2. Certificate of Limited Partnership 120 Partnership. 65 Section 7.3 7.3. Restrictions on the General Partner’s Authority 121 Authority. 65 Section 7.4 7.4. Reimbursement of the General Partner 121 Partner. 66 Section 7.5 7.5. Outside Activities 122 Activities. 67 Section 7.6 7.6. Loans from the General Partner; Loans or Contributions from the Partnership; Contracts with Affiliates; Certain Restrictions on the General Partner. 68 Section 7.7. Indemnification. 69 Section 7.8. Liability of Indemnitees. 71 Section 7.9. Resolution of Conflicts of Interest. 72 Section 7.10. Other Matters Concerning the General Partner. 73 Section 7.11. Purchase or Sale of Partnership or Group Members 123Securities. 74 Section 7.12. Registration Rights of the General Partner and its Affiliates. 74 Section 7.13. Reliance by Third Parties. 76 ARTICLE VIII. BOOKS, RECORDS, ACCOUNTING AND REPORTS Section 8.1. Records and Accounting. 77 Section 8.2. Fiscal Year. 77 Section 8.3. Reports. 77 ARTICLE IX.

Allocations and Distributions. Section 6.1 Allocations for Capital Account Purposes 100 35 Section 6.2 Allocations for Tax Purposes 112 41 Section 6.3 Requirement and Characterization of Distributions; Distributions to Record Holders 113 43 Section 6.4 Distributions of Available Cash from Operating Surplus 114 43 Section 6.5 Distributions of Available Cash from Capital Surplus 115 44 Section 6.6 Adjustment of Minimum Initial Quarterly Distribution and Target Distribution Levels 115 44 Section 6.7 Special Provisions Relating to the Holders of Converted Subordinated Units 116 [Reserved] 44 Section 6.8 Special Provisions Relating to the Holders of Incentive Distribution Rights 116 Section 6.9 Entity-Level Taxation 116 Section 6.10 Special Provisions Relating to the Preferred Holders 117 Section 6.11 Special Provisions Relating to Warrants 118 44 ARTICLE VII MANAGEMENT AND OPERATION OF BUSINESS Section 7.1 Management 118 45 Section 7.2 Replacement of Fiduciary Duties 47 Section 7.3 Certificate of Limited Partnership 120 47 Section 7.3 7.4 Restrictions on the General Partner’s Authority 121 47 Section 7.4 7.5 Reimbursement of the General Partner 121 48 Section 7.5 7.6 Outside Activities 122 48 Section 7.6 Loans from 7.7 Indemnification 49 Section 7.8 Liability of Indemnitees 51 Section 7.9 Standards of Conduct and Modification of Duties 52 Section 7.10 Other Matters Concerning the General Partner; Loans Partner and Indemnitees 53 Section 7.11 Purchase or Contributions from Sale of Partnership Interests 54 Section 7.12 Registration Rights of the Partnership or Group Members 123General Partner and its Affiliates 54 Section 7.13 Reliance by Third Parties 56 ARTICLE VIII BOOKS, RECORDS, ACCOUNTING AND REPORTS Section 8.1 Records and Accounting 57 Section 8.2 Fiscal Year 57 Section 8.3 Reports 58

Allocations and Distributions. Section 6.1 Allocations for Capital Account Purposes 100 30 Section 6.2 Allocations for Tax Purposes 112 33 Section 6.3 Requirement and Characterization of Distributions; Distributions to Record Holders 113 35 Section 6.4 Distributions of Available Cash from Operating Surplus 114 [Reserved] 35 Section 6.5 Distributions of Available Cash from Capital Surplus 115 [Reserved] 35 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 115 [Reserved] 35 Section 6.7 Special Provisions Relating to the Holders of Converted Subordinated Units 116 [Reserved] 35 Section 6.8 Special Provisions Relating to the Holders of Incentive Distribution Rights 116 [Reserved] 35 Section 6.9 Entity-Level Taxation 116 Section 6.10 Special Provisions Relating to the Preferred Holders 117 Section 6.11 Special Provisions Relating to Warrants 118 [Reserved] 35 ARTICLE VII MANAGEMENT AND OPERATION OF BUSINESS Section 7.1 Management 118 35 Section 7.2 Certificate of Limited Partnership 120 38 Section 7.3 Restrictions on the General Partner’s Authority 121 38 Section 7.4 Reimbursement of the General Partner 121 38 Section 7.5 Outside Activities 122 39 Section 7.6 Loans from the General Partner; Loans or Contributions from the Partnership or Group Members 12341 Section 7.7 Indemnification 41 Section 7.8 Liability of Indemnitees 43 Section 7.9 Resolution of Conflicts of Interest; Standards of Conduct and Modification of Duties 44 Section 7.10 Other Matters Concerning the General Partner 45 Section 7.11 Purchase or Sale of Partnership Securities 46 Section 7.12 Registration Rights of the General Partner and its Affiliates 46 Section 7.13 Reliance by Third Parties 49 ARTICLE VIII BOOKS, RECORDS, ACCOUNTING AND REPORTS Section 8.1 Records and Accounting 50 Section 8.2 Fiscal Year 50 Section 8.3 Reports 50 ARTICLE IX

Allocations and Distributions. Section 6.1 Allocations for Capital Account Purposes 100 30 Section 6.2 Allocations for Tax Purposes 112 33 Section 6.3 Requirement and Characterization of Distributions; Distributions to Record Holders 113 34 Section 6.4 Distributions of Available Cash from Operating Surplus 114 [Reserved] 35 Section 6.5 Distributions of Available Cash from Capital Surplus 115 [Reserved] 35 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 115 [Reserved] 35 Section 6.7 Special Provisions Relating to the Holders of Converted Subordinated Units 116 [Reserved] 35 Section 6.8 Special Provisions Relating to the Holders of Incentive Distribution Rights 116 [Reserved] 35 Section 6.9 Entity-Level Taxation 116 Section 6.10 Special Provisions Relating to the Preferred Holders 117 Section 6.11 Special Provisions Relating to Warrants 118 [Reserved] 35 ARTICLE VII MANAGEMENT AND OPERATION OF BUSINESS Section 7.1 Management 118 35 Section 7.2 Certificate of Limited Partnership 120 37 Section 7.3 Restrictions on the General Partner’s Authority 121 38 Section 7.4 Reimbursement of the General Partner 121 38 Section 7.5 Outside Activities 122 39 Section 7.6 Loans from the General Partner; Loans or Contributions from the Partnership or Group Members 12340 Section 7.7 Indemnification 41 Section 7.8 Liability of Indemnitees 43 Section 7.9 Resolution of Conflicts of Interest; Standards of Conduct and Modification of Duties 43 Section 7.10 Other Matters Concerning the General Partner 45 Section 7.11 Purchase or Sale of Partnership Securities 45 Section 7.12 Registration Rights of the General Partner and its Affiliates 45 Section 7.13 Reliance by Third Parties 48 ARTICLE VIII BOOKS, RECORDS, ACCOUNTING AND REPORTS Section 8.1 Records and Accounting 49 Section 8.2 Fiscal Year 49 Section 8.3 Reports 49 ARTICLE IX

Allocations and Distributions. Section 6.1 Allocations for Capital Account Purposes 100 41 Section 6.2 Allocations for Tax Purposes 112 51 Section 6.3 Requirement and Characterization of Distributions; Distributions to Record Holders 113 52 Section 6.4 Distributions of Available Cash from Operating Surplus 114 53 Section 6.5 Distributions of Available Cash from Capital Surplus 115 55 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 115 55 Section 6.7 Special Provisions Relating to the Holders of Converted Subordinated Units 116 56 Section 6.8 Special Provisions Relating to the Holders of Incentive Distribution Rights 116 56 Section 6.9 Entity-Level Taxation 116 Section 6.10 Special Provisions Relating to the Preferred Holders 117 Section 6.11 Special Provisions Relating to Warrants 118 56 ARTICLE VII MANAGEMENT AND OPERATION OF BUSINESS Section 7.1 Management 118 57 Section 7.2 Certificate of Limited Partnership 120 59 Section 7.3 Restrictions on the General Partner’s Authority 121 60 Section 7.4 Reimbursement of the General Partner 121 60 Section 7.5 Outside Activities 122 61 Section 7.6 Loans from the General Partner; Loans or Contributions from the Partnership or Group Members 12362 Section 7.7 Indemnification 63 Section 7.8 Liability of Indemnitees 65

Allocations and Distributions. Section 6.1 Allocations for Capital Account Purposes 100 48 Section 6.2 Allocations for Tax Purposes 112 59 Section 6.3 Requirement and Characterization of Distributions; Distributions to Record Holders 113 60 Section 6.4 Distributions of Available Cash from Operating Surplus 114 61 Section 6.5 Distributions of Available Cash from Capital Surplus 115 63 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 115 63 Section 6.7 Special Provisions Relating to the Holders of Converted Subordinated Units 116 64 Section 6.8 Special Provisions Relating to the Holders of Incentive Distribution Rights 116 64 Section 6.9 Entity-Level Taxation 116 Section 6.10 Special Provisions Relating to the Preferred Holders 117 Section 6.11 Special Provisions Relating to Warrants 118 65 ARTICLE VII MANAGEMENT AND OPERATION OF BUSINESS Section 7.1 Management 118 65 Section 7.2 Certificate of Limited Partnership 120 68 Section 7.3 Restrictions on the General Partner’s Authority 121 68 Section 7.4 Reimbursement of the General Partner 121 68 Section 7.5 Outside Activities 122 69 Section 7.6 Loans from the General Partner; Loans or Contributions from the Partnership or Group Members 12371 Section 7.7 Indemnification 71 Section 7.8 Liability of Indemnitees 73

Allocations and Distributions. Section 6.1 Allocations for Capital Account Purposes 100 43 Section 6.2 Allocations for Tax Purposes 112 54 Section 6.3 Requirement and Distributions; Characterization of Distributions; Distributions to Record Holders 113 55 Section 6.4 Distributions of Available Cash from Operating Surplus 114 56 Section 6.5 Distributions of Available Cash from Capital Surplus 115 58 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 115 58 Section 6.7 Special Provisions Relating to the Holders of Converted Subordinated Units 116 58 Section 6.8 Special Provisions Relating to the Holders of Incentive Distribution Rights 116 IDR Reset Common Units 59 Section 6.9 Entity-Level Taxation 116 Section 6.10 Special Provisions Relating to the Preferred Holders 117 Section 6.11 Special Provisions Relating to Warrants 118 59 ARTICLE VII MANAGEMENT AND OPERATION OF BUSINESS Section 7.1 Management 118 60 Section 7.2 Replacement of Fiduciary Duties 62 Section 7.3 Certificate of Limited Partnership 120 63 Section 7.3 7.4 Restrictions on the General Partner’s Authority 121 63 Section 7.4 7.5 Reimbursement of the General Partner 121 63 Section 7.5 7.6 Outside Activities 122 64 Section 7.6 Loans from 7.7 Indemnification 65 Section 7.8 Limitation of Liability of Indemnitees 67 Section 7.9 Resolution of Conflicts of Interest; Standards of Conduct and Modification of Duties 68 Section 7.10 Other Matters Concerning the General Partner; Loans Partner 70 Section 7.11 Purchase or Contributions from the Sale of Partnership or Group Members 123Interests 70

Allocations and Distributions. Section 6.1 Allocations for Capital Account Purposes 100 61 Section 6.2 Allocations for Tax Purposes 112 70 Section 6.3 Requirement for and Characterization of Distributions; Distributions to Record Holders 113 73 Section 6.4 Distributions of Available Cash from Operating Surplus 114 73 Section 6.5 Distributions of Available Cash from Capital Surplus 115 75 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 115 75 Section 6.7 Special Provisions Relating to the Holders of Converted Subordinated Units 116 [Reserved] 76 Section 6.8 Special Provisions Relating to the Holders of Incentive Distribution Rights 116 76 Section 6.9 Entity-Level Taxation 116 Section 6.10 Special Provisions Relating to the Preferred Holders 117 Section 6.11 Special Provisions Relating to Warrants 118 76 ARTICLE VII MANAGEMENT AND OPERATION OF BUSINESS Section 7.1 Management 118 77 Section 7.2 Certificate of Limited Partnership 120 79 Section 7.3 Restrictions on the General Partner’s Authority 121 79 Section 7.4 Reimbursement of the General Partner 121 80 Section 7.5 Outside Activities 122 81 Section 7.6 Loans from the General Partner; Loans or Contributions from the Partnership; Contracts with Affiliates; Certain Restrictions on the General Partner 82 Section 7.7 Indemnification 84 Section 7.8 Liability of lndemnitees 85 Section 7.9 Resolution of Conflicts of Interest 86 Section 7.10 Other Matters Concerning the General Partner 87 Section 7.11 Purchase or Sale of Partnership or Group Members 123Securities 88 Section 7.12 Registration Rights of the General Partner and its Affiliates 88 Section 7.13 Reliance by Third Parties 90

Allocations and Distributions. Section 6.1 Allocations for Capital Account Purposes 100 48 Section 6.2 Allocations for Tax Purposes 112 59 Section 6.3 Requirement and Characterization of Distributions; Distributions to Record Holders 113 61 Section 6.4 Distributions of Available Cash from Operating Surplus 114 62 Section 6.5 Distributions of Available Cash from Capital Surplus 115 64 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 115 64 Section 6.7 Special Provisions Relating to the Holders of Converted Subordinated Units 116 65 Section 6.8 Special Provisions Relating to the Holders of Incentive Distribution Rights 116 65 Section 6.9 Entity-Level Taxation 116 Section 6.10 Special Provisions Relating to the Preferred Holders 117 Section 6.11 Special Provisions Relating to Warrants 118 66 ARTICLE VII MANAGEMENT AND OPERATION OF BUSINESS Section 7.1 Management 118 66 Section 7.2 Certificate of Limited Partnership 120 69 Section 7.3 Restrictions on the General Partner’s Authority 121 69 Section 7.4 Reimbursement of the General Partner 121 69 Section 7.5 Outside Activities 122 71 Section 7.6 Loans from the General Partner; Loans or Contributions from the Partnership or Group Members 12372 Section 7.7 Indemnification 73 Section 7.8 Liability of Indemnitees 74 Section 7.9 Resolution of Conflicts of Interest; Standards of Conduct and Modification of Duties 75 Section 7.10 Other Matters Concerning the General Partner 77 Section 7.11 Purchase or Sale of Partnership Securities 77 Section 7.12 Registration Rights of the General Partner and its Affiliates 78 Section 7.13 Reliance by Third Parties 80

Allocations and Distributions. Section 6.1 Allocations for Capital Account Purposes 100 Purposes. 52 Section 6.2 Allocations for Tax Purposes 112 Purposes. 61 Section 6.3 Requirement and Characterization of Distributions; Distributions to Record Holders 113 Holders. 64 Section 6.4 Distributions of Available Cash from Operating Surplus 114 Surplus. 64 Section 6.5 Distributions of Available Cash from Capital Surplus 115 Surplus. 67 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 115 Section 6.7 Special Provisions Relating to the Holders of Converted Subordinated Units 116 Levels. 67 Section 6.8 Special Provisions Relating to the Holders of Incentive Distribution Rights 116 Rights. 69 Section 6.9 Entity-Level Taxation 116 Section 6.10 Special Provisions Relating to the Preferred Holders 117 Section 6.11 Special Provisions Relating to Warrants 118 Taxation. 69 ARTICLE VII MANAGEMENT AND OPERATION OF BUSINESS Section 7.1 Management 118 Management. 70 Section 7.2 Certificate of Limited Partnership 120 Partnership. 72 Section 7.3 Restrictions on the General Partner’s Authority 121 Authority. 73 Section 7.4 Reimbursement of the General Partner 121 Partner. 73 Section 7.5 Outside Activities 122 Activities. 74 Section 7.6 Loans from the General Partner; Loans or Contributions from the Partnership or Group Members 123Members. 76 Section 7.7 Indemnification. 77 Section 7.8 Liability of Indemnitees. 78 Section 7.9 Resolution of Conflicts of Interest; Standards of Conduct and Modification of Duties. 79 Section 7.10 Other Matters Concerning the General Partner. 81 Section 7.11 Purchase or Sale of Partnership Securities. 81 Section 7.12 Registration Rights of the General Partner and its Affiliates. 82 Section 7.13 Reliance by Third Parties. 85 ARTICLE VIII BOOKS, RECORDS, ACCOUNTING AND REPORTS Section 8.1 Records and Accounting. 86 Section 8.2 Fiscal Year. 86 Section 8.3 Reports. 86 ARTICLE IX

Allocations and Distributions. Section 6.1 Allocations for Capital Account Purposes 100 45 Section 6.2 Allocations for Tax Purposes 112 56 Section 6.3 Requirement and Distributions; Characterization of Distributions; Distributions to Record Holders 113 58 Section 6.4 Distributions of Available Cash from Operating Surplus 114 59 Section 6.5 Distributions of Available Cash from Capital Surplus 115 60 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 115 61 Section 6.7 Special Provisions Relating to the Holders of Converted Subordinated Units 116 61 Section 6.8 Special Provisions Relating to the Holders of Incentive Distribution Rights 116 IDR Reset Common Units 62 Section 6.9 Entity-Level Taxation 116 Section 6.10 Special Provisions Relating to the Preferred Holders 117 Section 6.11 Special Provisions Relating to Warrants 118 62 ARTICLE VII MANAGEMENT AND OPERATION OF BUSINESS Section 7.1 Management 118 63 Section 7.2 Replacement of Fiduciary Duties 65 Section 7.3 Certificate of Limited Partnership 120 65 Section 7.3 7.4 Restrictions on the General Partner’s Authority 121 66 Section 7.4 7.5 Reimbursement of the General Partner 121 66 Section 7.5 7.6 Outside Activities 122 67 Section 7.6 Loans from 7.7 Indemnification 68 Section 7.8 Limitation of Liability of Indemnitees 69 Section 7.9 Resolution of Conflicts of Interest; Standards of Conduct and Modification of Duties 70 Section 7.10 Other Matters Concerning the General Partner; Loans Partner 72 Section 7.11 Purchase or Contributions from Sale of Partnership Interests 73 Section 7.12 Registration Rights of the Partnership or Group Members 123General Partner and its Affiliates 73 Section 7.13 Reliance by Third Parties 76 ARTICLE VIII

Allocations and Distributions. Section 6.1 Allocations for Capital Account Purposes 100 38 Section 6.2 Allocations for Tax Purposes 112 43 Section 6.3 Requirement and Characterization of Distributions; Distributions to Record Holders 113 45 Section 6.4 Distributions of Available Cash from Operating Surplus 114 46 Section 6.5 Distributions of Available Cash from Capital Surplus 115 47 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 115 47 Section 6.7 Special Provisions Relating to the Holders of Converted Subordinated Units 116 47 Section 6.8 Special Provisions Relating to the Holders of Incentive Distribution Rights 116 Entity Level Taxation 48 Section 6.9 Entity-Level Taxation 116 Section 6.10 Special Provisions Relating to the Preferred Holders 117 Section 6.11 Special Provisions Relating to Warrants 118 Tax Distributions 48 ARTICLE VII MANAGEMENT AND OPERATION OF BUSINESS Section 7.1 Management 118 Board of Directors 49 Section 7.2 Certificate of Limited Partnership 120 Formation 53 Section 7.3 Restrictions on the General Partner’s Board of Directors' Authority 121 53 Section 7.4 Reimbursement of the General Partner 121 Officers 54 Section 7.5 Outside Activities 122 of Directors; Business Opportunities 56 Section 7.6 Loans from the General Partner; Loans or Contributions from the Partnership Company or Group Members 12356 Section 7.7 Indemnification 56 Section 7.8 Exculpation of Liability of Indemnitees 60 Section 7.9 Resolution of Conflicts of Interest; Standards of Conduct and Modification of Duties 61 Section 7.10 Duties of Officers and Directors 61 Section 7.11 Purchase or Sale of Company Securities 62 Section 7.12 Reliance by Third Parties 62 Section 7.13 Reimbursement of G&A by the Existing Investors 62 ARTICLE VIII BOOKS, RECORDS, ACCOUNTING AND REPORTS Section 8.1 Records and Accounting 64 Section 8.2 Fiscal Year 64

Allocations and Distributions. Section 6.1 Allocations for Capital Account Purposes 100 48 Section 6.2 Allocations for Tax Purposes 112 60 Section 6.3 Requirement and Characterization of Distributions; Distributions to Record Holders 113 61 Section 6.4 Distributions of Available Cash from Operating Surplus 114 62 Section 6.5 Distributions of Available Cash from Capital Surplus 115 63 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 115 64 Section 6.7 Special Provisions Relating to the Holders of Converted Subordinated Units 116 64 Section 6.8 Special Provisions Relating to the Holders of Incentive Distribution Rights 116 IDR Reset Common Units. 65 Section 6.9 Entity-Level Taxation 116 Section 6.10 Special Provisions Relating to the Preferred Holders 117 Section 6.11 Special Provisions Relating to Warrants 118 65 ARTICLE VII MANAGEMENT AND OPERATION OF BUSINESS Section 7.1 Management 118 66 Section 7.2 Replacement of Fiduciary Duties. 68 Section 7.3 Certificate of Limited Partnership 120 68 Section 7.3 7.4 Restrictions on the General Partner’s Authority 121 69 Section 7.4 7.5 Reimbursement of the General Partner 121 69 Section 7.5 7.6 Outside Activities 122 70 Section 7.6 Loans from 7.7 Indemnification 71 Section 7.8 Liability of Indemnitees 73 Section 7.9 Standards of Conduct and Modification of Duties 73 Section 7.10 Other Matters Concerning the General Partner; Loans Partner and Indemnitees 75 Section 7.11 Purchase or Contributions from Sale of Partnership Interests 76 Section 7.12 Registration Rights of the Partnership or Group Members 123General Partner and its Affiliates 76 Section 7.13 Reliance by Third Parties 79 ARTICLE VIII

Allocations and Distributions. Section 6.1 Allocations for Capital Account Purposes 100 47 Section 6.2 Allocations for Tax Purposes 112 57 Section 6.3 Requirement and Characterization of Distributions; Distributions to Record Holders 113 59 Section 6.4 Distributions of Available Cash from Operating Surplus 114 59 Section 6.5 Distributions of Available Cash from Capital Surplus 115 61 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 115 62 Section 6.7 Special Provisions Relating to the Holders of Converted Subordinated Units 116 62 Section 6.8 Special Provisions Relating to the Holders of Incentive Distribution Rights 116 63 Section 6.9 Entity-Level Taxation 116 Section 6.10 Special Provisions Relating to the Preferred Holders 117 Section 6.11 Special Provisions Relating to Warrants 118 63 ARTICLE VII MANAGEMENT AND OPERATION OF BUSINESS Section 7.1 Management 118 64 Section 7.2 Certificate of Limited Partnership 120 66 Section 7.3 Restrictions on the General Partner’s Authority 121 67 Section 7.4 Reimbursement of the General Partner 121 67 Section 7.5 Outside Activities 122 68 Section 7.6 Loans from the General Partner; Loans or Contributions from the Partnership or Group Members 12369 Section 7.7 Indemnification 70 Section 7.8 Liability of Indemnitees 72

Allocations and Distributions. Section SECTION 6.1 Allocations for Capital Account Purposes 100 Section 38 SECTION 6.2 Allocations for Tax Purposes 112 Section 46 SECTION 6.3 Requirement and Characterization of Distributions; Distributions to Record Holders 113 Section 49 SECTION 6.4 Distributions of Available Cash from Operating Surplus 114 Section 50 SECTION 6.5 Distributions of Available Cash from Capital Surplus 115 Section 50 SECTION 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 115 Section 51 SECTION 6.7 Special Provisions Relating to the Holders of Converted Subordinated Units 116 Section 6.8 Special Provisions Relating to the Holders of Incentive Distribution Rights 116 Section 6.9 51 SECTION 6.8 Entity-Level Taxation 116 Section 6.10 Special Provisions Relating to the Preferred Holders 117 Section 6.11 Special Provisions Relating to Warrants 118 51 ARTICLE VII MANAGEMENT AND OPERATION OF BUSINESS Section SECTION 7.1 Management 118 Section 52 SECTION 7.2 Certificate of Limited Partnership 120 Section 54 SECTION 7.3 Restrictions on the General Partner’s Authority 121 Section 54 SECTION 7.4 Reimbursement of the General Partner 121 Section 54 SECTION 7.5 Outside Activities 122 Section 55 SECTION 7.6 Loans from the General Partner; Loans or Contributions from the Partnership; Contracts with Affiliates; Certain Restrictions on the General Partner 56 SECTION 7.7 Indemnification 58 SECTION 7.8 Liability of Indemnitees 59 SECTION 7.9 Resolution of Conflicts of Interest 60 SECTION 7.10 Other Matters Concerning the General Partner 62 SECTION 7.11 Purchase or Sale of Partnership or Group Members 123Interests 62 SECTION 7.12 Registration Rights of the General Partner and its Affiliates 62 ARTICLE VIII BOOKS, RECORDS, ACCOUNTING AND REPORTS SECTION 8.1 Records and Accounting 63 SECTION 8.2 Fiscal Year 63 SECTION 8.3 Reports 63

Allocations and Distributions. Section 6.1 Allocations for Capital Account Purposes 100 50 Section 6.2 Allocations for Tax Purposes 112 61 Section 6.3 Requirement and Distributions; Characterization of Distributions; Distributions to Record Holders 113 62 Section 6.4 Distributions of Available Cash from Operating Surplus 114 63 Section 6.5 Distributions of Available Cash from Capital Surplus 115 65 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 115 65 Section 6.7 Special Provisions Relating to the Holders of Converted Subordinated Units 116 65 Section 6.8 Special Provisions Relating to the Holders of Incentive Distribution Rights 116 IDR Reset Common Units 66 Section 6.9 Entity-Level Taxation 116 Section 6.10 Special Provisions Relating to the Preferred Holders 117 Section 6.11 Special Provisions Relating to Warrants 118 67 ARTICLE VII MANAGEMENT AND OPERATION OF BUSINESS Section 7.1 Management 118 67 Section 7.2 Replacement of Fiduciary Duties 70 Section 7.3 Certificate of Limited Partnership 120 70 Section 7.3 7.4 Restrictions on the General Partner’s Authority 121 70 Section 7.4 7.5 Reimbursement of the General Partner 121 71 Section 7.5 7.6 Outside Activities 122 72 Section 7.6 Loans from 7.7 Indemnification 73 Section 7.8 Liability of Indemnitees 74 Section 7.9 Standards of Conduct and Modification of Duties 75 Section 7.10 Other Matters Concerning the General Partner; Loans Partner and Indemnitees 76 Section 7.11 Purchase or Contributions from Sale of Partnership Interests 77 Section 7.12 Registration Rights of the Partnership or Group Members 123General Partner and its Affiliates 77 Section 7.13 Reliance by Third Parties 79 ARTICLE VIII

Allocations and Distributions. Section 6.1 Allocations for Capital Account Purposes 100 35 Section 6.2 Allocations for Tax Purposes 112 38 Section 6.3 Requirement and Characterization of Distributions; Distributions to Record Holders 113 40 Section 6.4 Distributions of Available Cash from Operating Surplus 114 Section 6.5 Distributions of Available Cash from Capital Surplus 115 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 115 Section 6.7 Special Provisions Relating to the Holders of Converted Subordinated Units 116 Section 6.8 Special Provisions Relating to the Holders of Incentive Distribution Rights 116 Section 6.9 Entity-Level Taxation 116 Section 6.10 Special Provisions Relating to the Preferred Holders 117 Section 6.11 Special Provisions Relating to Warrants 118 Class B Unitholders 41 ARTICLE VII MANAGEMENT AND OPERATION OF BUSINESS Section 7.1 Management 118 41 Section 7.2 Certificate of Limited Partnership 120 43 Section 7.3 Restrictions on the Managing General Partner’s Authority 121 43 Section 7.4 Reimbursement of the Managing General Partner 121 44 Section 7.5 Outside Activities 122 45 Section 7.6 Loans from the Managing General Partner; Loans or Contributions from the Partnership; Contracts with Affiliates; Certain Restrictions on the Managing General Partner 46 Section 7.7 Indemnification 48 Section 7.8 Liability of Indemnitees 49 Section 7.9 Resolution of Conflicts of Interest 50 Section 7.10 Other Matters Concerning the Managing General Partner 51 Section 7.11 Purchase or Sale of Partnership or Group Members 123Securities 52 Section 7.12 Registration Rights of the Managing General Partner and its Affiliates 52 Section 7.13 Reliance by Third Parties 54 ARTICLE VIII

Allocations and Distributions. Section 6.1 Allocations for Capital Account Purposes 100 39 Section 6.2 Allocations for Tax Purposes 112 47 Section 6.3 Requirement and Distributions; Characterization of Distributions; Distributions to Record Holders 113 49 Section 6.4 Distributions of Available Cash from Operating Surplus 114 50 Section 6.5 Distributions of Available Cash from Capital Surplus 115 51 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 115 51 Section 6.7 Special Provisions Relating to the Holders of Converted Subordinated IDR Reset Common Units 116 51 Section 6.8 Special Provisions Relating to the Holders of Incentive Distribution Rights 116 Section 6.9 Entity-Level Taxation 116 Section 6.10 Special Provisions Relating to the Preferred Holders 117 Section 6.11 Special Provisions Relating to Warrants 118 51 ARTICLE VII MANAGEMENT AND OPERATION OF BUSINESS Section 7.1 Management 118 52 Section 7.2 Replacement of Fiduciary Duties 54 Section 7.3 Certificate of Limited Partnership 120 55 Section 7.3 7.4 Restrictions on the General Partner’s Authority 121 55 Section 7.4 7.5 Reimbursement of the General Partner 121 55 Section 7.5 7.6 Outside Activities 122 56 Section 7.6 Loans from 7.7 Indemnification 57 Section 7.8 Liability of Indemnitees 59 Section 7.9 Standards of Conduct and Modification of Duties 60 Section 7.10 Other Matters Concerning the General Partner; Loans Partner and Indemnitees 63 Section 7.11 Purchase or Contributions from Sale of Partnership Interests 63 Section 7.12 Registration Rights of the Partnership or Group Members 123General Partner and its Affiliates 64 Section 7.13 Reliance by Third Parties 66 ARTICLE VIII BOOKS, RECORDS, ACCOUNTING AND REPORTS Section 8.1 Records and Accounting 67 Section 8.2 Fiscal Year 67 Section 8.3 Reports 67 ARTICLE IX

Allocations and Distributions. Section 6.1 Allocations for Capital Account Purposes 100 72 Section 6.2 Allocations for Tax Purposes 112 83 Section 6.3 Requirement and Characterization of Distributions; Distributions to Record Holders 113 85 Section 6.4 Distributions of Available Cash from Operating Surplus 114 86 Section 6.5 Distributions of Available Cash from Capital Surplus 115 86 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 115 87 Section 6.7 Special Provisions Relating to the Holders of Converted Subordinated Units 116 87 Section 6.8 Special Provisions Relating to the Holders of Incentive Distribution Rights 116 88 Section 6.9 Entity-Level Taxation 116 88 Section 6.10 Special Provisions Relating to the Preferred Holders 117 89 Section 6.11 Special Provisions Relating to 2016 Warrants 118 89 ARTICLE VII MANAGEMENT AND OPERATION OF BUSINESS Section 7.1 Management 118 90 Section 7.2 Certificate of Limited Partnership 120 92 Section 7.3 Restrictions on the General Partner’s Authority 121 92 Section 7.4 Reimbursement of the General Partner 121 93 Section 7.5 Outside Activities 122 94 Section 7.6 Loans from the General Partner; Loans or Contributions from the Partnership or Group Members 12395 Section 7.7 Indemnification 95 Section 7.8 Liability of Indemnitees 97 Section 7.9 Resolution of Conflicts of Interest; Standards of Conduct and Modification of Duties 98 Section 7.10 Other Matters Concerning the General Partner 100 Section 7.11 Purchase or Sale of Partnership Interests 100 Section 7.12 Reliance by Third Parties 100 ARTICLE VIII BOOKS, RECORDS, ACCOUNTING AND REPORTS Section 8.1 Records and Accounting 101 Section 8.2 Fiscal Year 101 Section 8.3 Reports 101 ARTICLE IX

Allocations and Distributions. Section 6.1 Allocations for Capital Account Purposes 100 57 Section 6.2 Allocations for Tax Purposes 112 68 Section 6.3 Requirement and Characterization of Distributions; Distributions to Record Holders 113 70 Section 6.4 Distributions of Available Cash from Operating Surplus 114 71 Section 6.5 Distributions of Available Cash from Capital Surplus 115 74 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 115 74 Section 6.7 Special Provisions Relating to the Holders of Converted Subordinated Units 116 74 Section 6.8 Special Provisions Relating to the Holders of Incentive Distribution Rights 116 75 Section 6.9 Entity-Level Taxation 116 75 Section 6.10 Special Provisions Relating to the Preferred Holders 117 of Convertible Class B Units 76 Section 6.11 Special Provisions Relating to Warrants 118 the Holders of Subordinated Class C Units 77 ARTICLE VII MANAGEMENT AND OPERATION OF BUSINESS Section 7.1 Management 118 77 Section 7.2 Certificate of Limited Partnership 120 80 Section 7.3 Restrictions on the General Partner’s Authority 121 80 Section 7.4 Reimbursement of the General Partner 121 80 Section 7.5 Outside Activities 122 Section 7.6 Loans from the General Partner; Loans or Contributions from the Partnership or Group Members 12381

Allocations and Distributions. Section 6.1 Allocations for Capital Account Purposes 100 30 Section 6.2 Allocations for Tax Purposes 112 33 Section 6.3 Requirement and Characterization of Distributions; Distributions to Record Holders 113 34 Section 6.4 Distributions of Available Cash from Operating Surplus 114 [Reserved] 35 Section 6.5 Distributions of Available Cash from Capital Surplus 115 [Reserved] 35 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 115 [Reserved] 35 Section 6.7 Special Provisions Relating to the Holders of Converted Subordinated Units 116 [Reserved] 35 Section 6.8 Special Provisions Relating to the Holders of Incentive Distribution Rights 116 [Reserved] 35 Section 6.9 Entity-Level Taxation 116 Section 6.10 Special Provisions Relating to the Preferred Holders 117 Section 6.11 Special Provisions Relating to Warrants 118 [Reserved] 35 ARTICLE VII MANAGEMENT AND OPERATION OF BUSINESS Section 7.1 Management 118 35 Section 7.2 Certificate of Limited Partnership 120 37 Section 7.3 Restrictions on the General Partner’s Authority 121 38 Section 7.4 Reimbursement of the General Partner 121 38 Section 7.5 Outside Activities 122 39 Section 7.6 Loans from the General Partner; Loans or Contributions from the Partnership or Group Members 12340 Section 7.7 Indemnification 41 Section 7.8 Liability of Indemnitees 42 Section 7.9 Resolution of Conflicts of Interest; Standards of Conduct and Modification of Duties 43 Section 7.10 Other Matters Concerning the General Partner 45 Section 7.11 Purchase or Sale of Partnership Securities 45 Section 7.12 Registration Rights of the General Partner and its Affiliates 45 Section 7.13 Reliance by Third Parties 48 ARTICLE VIII BOOKS, RECORDS, ACCOUNTING AND REPORTS Section 8.1 Records and Accounting 49 Section 8.2 Fiscal Year 49 Section 8.3 Reports 49 ARTICLE IX

Allocations and Distributions. Section 6.1 Allocations for Capital Account Purposes 100 48 Section 6.2 Allocations for Tax Purposes 112 59 Section 6.3 Requirement Requirements and Characterization of Distributions; Distributions to Record Holders 113 62 Section 6.4 Distributions of Available Cash from Operating Surplus 114 62 Section 6.5 Distributions of Available Cash from Capital Surplus 115 64 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 115 65 Section 6.7 Special Provisions Relating to the Holders of Converted Subordinated Units 116 65 Section 6.8 Special Provisions Relating to the Holders of Incentive Distribution Rights 116 IDR Reset Common Units 66 Section 6.9 Entity-Level Taxation 116 Section 6.10 Special Provisions Relating to the Preferred Holders 117 Section 6.11 Special Provisions Relating to Warrants 118 66 ARTICLE VII MANAGEMENT AND OPERATION OF BUSINESS Section 7.1 Management 118 67 Section 7.2 Replacement of Fiduciary Duties 69 Section 7.3 Certificate of Limited Partnership 120 69 Section 7.3 7.4 Restrictions on the General Partner’s Authority 121 69 Section 7.4 7.5 Reimbursement of the General Partner 121 70 Section 7.5 7.6 Outside Activities 122 71 Section 7.6 Loans from 7.7 Indemnification 71 Section 7.8 Liability of Indemnitees 73 Section 7.9 Standards of Conduct and Modification of Duties 74 Section 7.10 Other Matters Concerning the General Partner; Loans Partner and Indemnitees 76 Section 7.11 Purchase or Contributions from Sale of Partnership Interests 76 Section 7.12 Registration Rights of the Partnership or Group Members 123General Partner and its Affiliates 76 Section 7.13 Reliance by Third Parties 78 ARTICLE VIII