CONTRIBUTION, CONVEYANCE AND ASSUMPTION AGREEMENT BY AND AMONG QUICKSILVER GAS SERVICES LP QUICKSILVER GAS SERVICES GP LLC COWTOWN GAS PROCESSING L.P. COWTOWN PIPELINE L.P. QUICKSILVER GAS SERVICES HOLDINGS LLC QUICKSILVER GAS SERVICES OPERATING GP...
CONTRIBUTION, CONVEYANCE
AND ASSUMPTION AGREEMENT
AND ASSUMPTION AGREEMENT
BY AND AMONG
QUICKSILVER GAS SERVICES GP LLC
COWTOWN GAS PROCESSING L.P.
COWTOWN PIPELINE L.P.
QUICKSILVER GAS SERVICES HOLDINGS LLC
QUICKSILVER GAS SERVICES OPERATING GP LLC
QUICKSILVER GAS SERVICES OPERATING LLC
AND
THE PRIVATE INVESTORS
TABLE OF CONTENTS
ARTICLE 1 | ||||||
DEFINITIONS | ||||||
ARTICLE 2 | ||||||
CONTRIBUTIONS, ACKNOWLEDGMENTS AND DISTRIBUTIONS | ||||||
Section 2.1
|
Contribution by Holdings of the Interests to MLP GP | 4 | ||||
Section 2.2
|
Contribution by MLP GP of the Interests to MLP | 4 | ||||
Section 2.3
|
Contribution by Holdings of the OPGP Interests to MLP | 5 | ||||
Section 2.4
|
Contribution by Little Hoss of Limited Partner Interest in each of Pipeline Partners and Processing Partners to MLP | 5 | ||||
Section 2.5
|
Contribution by LGS Xxxxxx of Limited Partner Interest in Pipeline Partners to MLP | 5 | ||||
Section 2.6
|
Waiver of Private Investors’ Redemption Rights | 6 | ||||
Section 2.7
|
Underwriters’ Cash Contribution | 6 | ||||
Section 2.8
|
Payment of Transaction Costs | 6 | ||||
Section 2.9
|
Contribution by MLP of Limited Partner Interests and OPGP Interests to OLLC | 6 | ||||
Section 2.10
|
Redemption of Holdings Initial MLP Interest | 6 | ||||
ARTICLE 3 | ||||||
ADDITIONAL TRANSACTIONS | ||||||
Section 3.1
|
Purchase of Additional Common Units | 6 | ||||
ARTICLE 4 | ||||||
FURTHER ASSURANCES | ||||||
Section 4.1
|
Further Assurances | 6 | ||||
Section 4.2
|
Other Assurances | 7 | ||||
ARTICLE 5 | ||||||
EFFECTIVE TIME | ||||||
ARTICLE 6 | ||||||
MISCELLANEOUS | ||||||
Section 6.1
|
Order of Completion of Transactions | 7 | ||||
Section 6.2
|
Headings; References; Interpretation | 7 | ||||
Section 6.3
|
Successors and Assigns | 8 | ||||
Section 6.4
|
No Third Party Rights | 8 | ||||
Section 6.5
|
Counterparts | 8 | ||||
Section 6.6
|
Governing Law | 8 | ||||
Section 6.7
|
Severability | 8 | ||||
Section 6.8
|
Amendment or Modification | 8 | ||||
Section 6.9
|
Integration | 8 | ||||
Section 6.10
|
Deed; Xxxx of Sale; Assignment | 9 |
i
CONTRIBUTION, CONVEYANCE
AND ASSUMPTION AGREEMENT
AND ASSUMPTION AGREEMENT
This CONTRIBUTION, CONVEYANCE AND ASSUMPTION AGREEMENT, dated as of August 10, 2007, is
entered into by and among QUICKSILVER GAS SERVICES LP, a Delaware limited partnership (“MLP”),
QUICKSILVER GAS SERVICES GP LLC, a Delaware limited liability company (“MLP GP”), COWTOWN GAS
PROCESSING L.P., a Delaware limited partnership (“Processing”), COWTOWN PIPELINE L.P., a Delaware
limited partnership (“Pipeline”), QUICKSILVER GAS SERVICES HOLDINGS LLC, a Delaware limited
liability company (“Holdings”), QUICKSILVER GAS SERVICES OPERATING GP LLC, a Delaware limited
liability company (“OPGP”), QUICKSILVER GAS SERVICES OPERATING LLC, a Delaware limited liability
company (“OLLC”), LITTLE HOSS COWTOWN PROCESSING PARTNERS, a Texas general partnership (“Little
Hoss Cowtown Processing”), LITTLE HOSS COWTOWN PIPELINE PARTNERS, a Texas general partnership
(“Little Hoss Cowtown Pipeline”; Little Hoss Cowtown Processing and Little Hoss Cowtown Pipeline
are collectively referred to herein as “Little Hoss”), and LGS-XXXXXX INVESTMENTS, LLC, a Texas
limited liability corporation (“LGS-Xxxxxx,” and together with Little Hoss, the “Private
Investors”). The parties to this Agreement are collectively referred to herein as the “Parties.”
Capitalized terms used herein shall have the meanings assigned to such terms in Section 1.1.
RECITALS
WHEREAS, MLP GP and Holdings have formed MLP, pursuant to the Delaware Revised Uniform Limited
Partnership Act (the “Delaware LP Act”), for the purpose of engaging in any business activity that
is approved by MLP GP and that lawfully may be conducted by a limited partnership organized
pursuant to the Delaware LP Act.
WHEREAS, in order to accomplish the objectives and purposes in the preceding recital, the
following actions have been taken prior to the date hereof:
1. Processing, Pipeline and the Private Investors currently hold the interests in Cowtown Gas
Processing Partners L.P. (“Processing Partners”) and Cowtown Pipeline Partners L.P. (“Pipeline
Partners”) as set forth on Schedule I hereto.
2. Processing and Pipeline formed Holdings, under the Delaware Limited Liability Company Act
(the “Delaware LLC Act”); Processing contributed $500 to Holdings in exchange for a 50% member
interest in Holdings; and Pipeline contributed $500 to Holdings in exchange for a 50% member
interest in Holdings.
3. Holdings formed OPGP, under the Delaware LLC Act, to which Holdings contributed $1,000 in
exchange for all of the member interests in OPGP.
4. Holdings formed MLP GP, under the Delaware LLC Act, and contributed $1,000 to MLP GP in
exchange for all of the member interests in MLP GP.
5. MLP GP and Holdings formed MLP, under the Delaware LP Act; MLP GP contributed $20.00 to MLP
in exchange for a 2% general partner interest in MLP; and
Holdings contributed $980.00 to MLP in exchange for a 98% limited partner interest (the
“Holdings Initial MLP Interest”) in MLP.
6. MLP formed OLLC, under the Delaware LLC Act, and contributed $1,000 to OLLC in exchange for
all of the member interests in OLLC.
7. Pipeline contributed its 1% general partner interest and 92% limited partner interest in
Pipeline Partners to Holdings in exchange for units representing a 53% member interests in
Holdings.
8. Processing contributed its 1% general partner interest and 94% limited partner interest in
Processing Partners to Holdings in exchange for units representing a 47% member interests in
Holdings.
9. Holdings contributed its 1% general partner interests in each of Pipeline Partners and
Processing Partners to OPGP in exchange for a continuation of its member interests in OPGP.
WHEREAS, concurrently with the consummation of the transactions contemplated hereby (the
“Closing”), each of the following matters shall occur:
1. Holdings will contribute to MLP GP part of its limited partner interests in each of
Pipeline Partners and Processing Partners with an aggregate value equal to 2% of the equity value
of MLP immediately after the Closing (the “Interests”), as a capital contribution.
2. MLP GP will convey the Interests to MLP in exchange for (a) 469,944 general partner units
representing a continuation of its 2% general partner interest in MLP and (b) the issuance to MLP
GP of all of the incentive distribution rights (the “IDRs”) of MLP.
3. Holdings will convey all of its member interests in OPGP and the rest of its limited
partner interests in each of Pipeline Partners and Processing Partners to MLP in exchange for (a)
11,513,625 Subordinated Units in MLP and 5,696,752 Common Units in MLP (representing an aggregate
73.2% limited partner interest) and (b) the right to receive $162.1 million for reimbursement of
certain capital expenditures.
4. Little Hoss will (a) convey all of its limited partner interests in each of Pipeline
Partners and Processing Partners (as set forth on Schedule I hereto) to MLP, and (b) assign
and transfer to MLP, and waive and relinquish, all of its rights, claims and interests in and to
the Redemption Agreements (as defined below), in exchange for (x) 684,668 Common Units in MLP
(representing a 3.0% interest) and (y) the right to receive $6,449,180 for reimbursement of certain
capital expenditures.
5. LGS-Xxxxxx will (a) convey all of its limited partner interests in Pipeline Partners (as
set forth on Schedule I hereto) to MLP, and (b) assign and transfer to MLP, and waive and
relinquish, all of its rights, claims and interests in and to the CPP Redemption Agreement (as
defined below), in exchange for (x) 132,205 Common Units in MLP (representing a 0.5% interest) and
(y) the right to receive $1,245,290 for reimbursement of certain capital expenditures
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6. The public, through the Underwriters, will contribute $105.0 million in cash, less the
Underwriters’ discount and structuring fees of $7.35 million, in exchange for 5,000,000 Common
Units in MLP (representing a 21.3% interest).
7. MLP will (a) pay transaction expenses associated with the transactions contemplated by this
Agreement in the amount of approximately $3.0 million (exclusive of the Underwriters’ discount),
(b) distribute $112.1 million in cash and a $50.0 million subordinated note payable to Holdings for
reimbursement of certain capital expenditures and (c) distribute $7.7 million to the Private
Investors for reimbursement for certain capital expenditures.
8. MLP will convey to OLLC, as a capital contribution, its limited partner interests in each
of Pipeline Partners and Processing Partners and all of the member interests in OPGP (the “OPGP
Interests”).
9. MLP will redeem from Holdings and retire the Holdings Initial MLP Interest in exchange for
a payment in cash to Holdings of $980.00.
10. The agreements of limited partnership and the limited liability company agreements of the
aforementioned entities will be amended and restated to the extent necessary to reflect the matters
and transaction mentioned in this Agreement.
WHEREAS, within 30 days of the Closing, if the Underwriters exercise their option to purchase
up to an additional 750,000 Common Units (the “Option”), MLP shall use proceeds of that exercise,
net of the applicable Underwriters’ discount, for general partnership purposes;
NOW, THEREFORE, in consideration of their mutual undertakings and agreements hereunder, the
Parties undertake and agree as follows:
ARTICLE 1
DEFINITIONS
DEFINITIONS
Section 1.1 The following capitalized terms shall have the meanings given below.
(a) “Agreement” means this Contribution, Conveyance and Assumption Agreement.
(b) “Common Unit” has the meaning assigned to such term in the Partnership Agreement.
(c) “CGPP Redemption Agreement” means the Redemption Agreement, dated April 3, 2006, by and
between Little Hoss Ranch Partners, L.P. and Cowtown Gas Processing Partners L.P.
(d) “CPP Redemption Agreement” means the Redemption Agreement, dated April 3, 2006, by and
among Little Hoss Ranch Partners, L.P., LGS-Xxxxxx Ranch Co. and Cowtown Pipeline Partners L.P.
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(e) “Effective Time” shall mean 8:00 a.m. New York, New York time on the date of the
consummation of the Offering.
(f) “IDRs” means “Incentive Distribution Rights” as such term is defined in the Partnership
Agreement.
(g) “MLP” has the meaning assigned to such term in the opening paragraph of this Agreement.
(h) “Offering” means the initial public offering by MLP of Common Units.
(i) “Omnibus Agreement” means that certain Omnibus Agreement of even date herewith, among MLP,
MLP GP and Quicksilver Resources Inc.
(j) “Partnership Agreement” means the First Amended and Restated Agreement of Limited
Partnership of Quicksilver Gas Services LP dated as of the Effective Date.
(k) “Partnership Group” has the meaning assigned to such term in the Omnibus Agreement.
(l) “Redemption Agreements” means, collectively, the CGPP Redemption Agreement and the CPP
Redemption Agreement.
(m) “Registration Statement” means the registration statement on Form S-1 (Registration No.
333-140599) filed by MLP relating to the Offering, as amended.
(n) “Subordinated Unit” has the meaning assigned to such term in the Partnership Agreement.
(o) “Underwriters” means UBS Securities LLC, Xxxxxxx, Sachs & Co., X.X. Xxxxxxx & Sons, Inc.,
X.X. Xxxxxx Securities Inc. and Fortis Securities LLC.
(p) “Underwriting Agreement” means the underwriting agreement dated August 6, 2007 among MLP,
MLP GP, Holdings and Quicksilver Resources Inc. on the one hand, and the Underwriters on the other
hand, relating to the Offering.
ARTICLE 2
CONTRIBUTIONS, ACKNOWLEDGMENTS AND DISTRIBUTIONS
CONTRIBUTIONS, ACKNOWLEDGMENTS AND DISTRIBUTIONS
Section 2.1 Contribution by Holdings of the Interests to MLP GP. Holdings hereby grants,
contributes, bargains, conveys, assigns, transfers, sets over and delivers to MLP GP, its
successors and assigns, for its and their own use forever, all right, title and interest in and to
the Interests, as a capital contribution, for good and valuable consideration, the sufficiency of
which is hereby acknowledged, and MLP GP hereby accepts the Interests as a contribution to the
capital of MLP GP.
Section 2.2 Contribution by MLP GP of the Interests to MLP. MLP GP hereby grants, contributes, bargains, conveys, assigns, transfers, sets over and
delivers to MLP,
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its successors and assigns, for its and their own use forever, all right, title
and interest in and to the Interests, as a capital contribution, in exchange for (a) a continuation
of its 2% general partner interest in MLP, (b) the issuance by MLP to MLP GP of the IDRs and (c)
other good and valuable consideration, the sufficiency of which is hereby acknowledged, and MLP
hereby accepts the Interests as a contribution to the capital of MLP.
Section 2.3 Contribution by Holdings of the OPGP Interests to MLP. Holdings hereby grants,
contributes, bargains, conveys, assigns, transfers, sets over and delivers to MLP, its successors
and assigns, for its and their own use forever, all right, title and interest in and to the OPGP
Interests and the remaining limited partner interests in each of Pipeline Partners and Processing
Partners in exchange for (a) the issuance by MLP to Holdings of 11,513,625 Subordinated Units,
representing 49.0% interest in MLP, (b) the issuance by MLP to Holdings of 5,696,752 Common Units,
representing a 24.2% interest in MLP, (c) the right to receive $162.1 million for reimbursement of
certain capital expenditures and (d) other good and valuable consideration, the sufficiency of
which is hereby acknowledged, and MLP hereby accepts the OPGP Interests and the remaining limited
partner interests in each of Pipeline Partners and Processing Partners as a contribution to the
capital of MLP and agrees to be bound by the terms of the Limited Liability Company Agreement of
OPGP as its sole member.
Section 2.4 Contribution by Little Hoss of Limited Partner Interest in each of Pipeline Partners and
Processing Partners to MLP. Little Hoss hereby grants, contributes, bargains, conveys,
assigns, transfers, sets over and delivers to MLP, its successors and assigns, for its and their
own use forever, all right, title and interest in and to its limited partner interests in each of
Pipeline Partners and Processing Partners, as set forth on Schedule I hereto, in exchange
for (a) the issuance by MLP to Little Hoss of 684,668 Common Units, representing a 3.0% interest in
MLP, (b) the right to receive $6,449,180 for reimbursement of certain capital expenditures and (c)
other good and valuable consideration, the sufficiency of which is hereby acknowledged, and MLP
hereby accepts such limited partner interests as a contribution to the capital of MLP, and,
effective as of the completion of the conveyance to MLP of the limited partner interests in each of
Pipeline Partners and Processing Partners and Sections 2.4 and 2.7 of this Agreement, agrees to be
bound by the terms of the Limited Partnership Agreement of each of Pipeline Partners and Processing
Partners with respect to the limited partner interests in Pipeline Partners and Processing Partners
so conveyed to MLP.
Section 2.5 Contribution by LGS-Xxxxxx of Limited Partner Interest in Pipeline Partners to MLP.
LGS-Xxxxxx hereby grants, contributes, bargains, conveys, assigns, transfers, sets over and
delivers to MLP, its successors and assigns, for its and their own use forever, all right, title
and interest in and to its limited partner interests in Pipeline Partners, as set forth on
Schedule I hereto, in exchange for (a) the issuance by MLP to LGS-Xxxxxx of 132,205 Common
Units, representing a 0.5% interest in MLP, (b) the right to receive $1,245,290 for
reimbursement of certain capital expenditures and (c) other good and valuable consideration,
the sufficiency of which is hereby acknowledged, and MLP hereby accepts such limited partner
interests as a contribution to the capital of MLP, and, effective as of the completion of the
conveyance to MLP of the limited partner interest in Pipeline Partners and Sections 2.4 and 2.7 of
this Agreement, agrees to be bound by the terms of the Limited Partnership Agreement of Pipeline
Partners with respect to the limited partner interest in Pipeline Partners so conveyed to MLP.
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Section 2.6 Waiver of Private Investors’ Redemption Rights. The Parties acknowledge that, in
partial consideration for the consideration to be received by the Private Investors pursuant to
Sections 2.4 and 2.5 above, each of the Private Investors assigns and transfers to MLP, and waives
and relinquishes, any and all rights, claims and interests under the Redemption Agreements.
Section 2.7 Underwriters’ Cash Contribution. The Parties acknowledge that the Underwriters have,
pursuant to the Underwriting Agreement, made a capital contribution to MLP of approximately $105.0
million in cash ($97.65 million net to MLP after the underwriting discount and fees of $7.35
million) in exchange for the issuance by MLP to the Underwriters of 5,000,000 Common Units,
representing an 21.3% interest in MLP.
Section 2.8 Payment of Transaction Costs. The Parties acknowledge (a) the payment by MLP, in
connection with the Closing, of transaction expenses in the amount of approximately $3.0 million
(exclusive of the Underwriters’ discount), (b) the distribution of $112.1 million in cash and a
$50.0 million subordinated note payable to Holdings for reimbursement of certain capital
expenditures and (c) the distribution of $7.7 million to the Private Investors for reimbursement of
certain capital expenditures.
Section 2.9 Contribution by MLP of Limited Partner Interests and OPGP Interests to OLLC. MLP
hereby grants, contributes, bargains, conveys, assigns, transfers, sets over and delivers to OLLC,
its successors and assigns, for its and their own use forever, all right, title and interest in and
to MLP’s limited partner interests in each of Pipeline Partners and Processing Partners, and the
OPGP Interests, as a capital contribution.
Section 2.10 Redemption of Holdings Initial MLP Interest. MLP hereby agrees to redeem from
Holdings and agrees to retire the Holdings Initial MLP Interest in exchange for a payment in cash
to Holdings of $980.00.
ARTICLE 3
ADDITIONAL TRANSACTIONS
ADDITIONAL TRANSACTIONS
Section 3.1 Purchase of Additional Common Units. If the Option is exercised in whole or in part,
the Underwriters will contribute additional cash to MLP in exchange for up to an additional 750,000
Common Units on the basis of the initial public offering price per Common Unit set forth in the
Registration Statement, net of underwriting discounts and fees.
ARTICLE 4
FURTHER ASSURANCES
FURTHER ASSURANCES
Section 4.1 Further Assurances. From time to time after the Effective Time, and without any
further consideration, the Parties agree to execute, acknowledge and deliver all such additional
deeds, assignments, bills of sale, conveyances, instruments, notices, releases, acquittances and
other documents, and will do all such other acts and things, all in accordance with applicable law,
as may be necessary or appropriate (a) more fully to assure that the applicable Parties own all of
the properties, rights, titles, interests, estates, remedies, powers and privileges granted by this
Agreement, or which are intended to be so granted, or (b) more fully
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and effectively to vest in the applicable Parties and their respective successors and assigns beneficial and record title to the
interests contributed and assigned by this Agreement or intended so to be and to more fully and
effectively carry out the purposes and intent of this Agreement.
Section 4.2 Other Assurances. From time to time after the Effective Time, and without any further
consideration, each of the Parties shall execute, acknowledge and deliver all such additional
instruments, notices and other documents, and will do all such other acts and things, all in
accordance with applicable law, as may be necessary or appropriate to more fully and effectively
carry out the purposes and intent of this Agreement. Without limiting the generality of the
foregoing, the Parties acknowledge that the Parties have used their good faith efforts to attempt
to identify all of the assets being contributed to MLP or its subsidiaries as required in
connection with the Offering. It is the express intent of the Parties that MLP or its subsidiaries
own all assets necessary to operate the assets that are identified in this Agreement and in the
Registration Statement. To the extent any assets were not identified but are necessary to the
operation of assets that were identified, then the intent of the Parties is that all such
unidentified assets are intended to be conveyed to the appropriate members of the Partnership
Group. To the extent such assets are identified at a later date, the Parties shall take the
appropriate actions required in order to convey all such assets to the appropriate members of the
Partnership Group. Likewise, to the extent that assets are identified at a later date that were
not intended by the Parties to be conveyed as reflected in the Registration Statement, the Parties
shall take the appropriate actions required in order to convey all such assets to the appropriate
Party.
ARTICLE 5
EFFECTIVE TIME
EFFECTIVE TIME
Notwithstanding anything contained in this Agreement to the contrary, none of the provisions
of Article 2 or Article 3 of this Agreement shall be operative or have any effect until the
Effective Time, at which time all the provisions of Article 2 and Article 3 of this Agreement shall
be effective and operative in accordance with Article 6, without further action by any Party
hereto.
ARTICLE 6
MISCELLANEOUS
MISCELLANEOUS
Section 6.1 Order of Completion of Transactions. The transactions provided for in Article 2 and
Article 3 of this Agreement shall be completed immediately following the Effective Time in the
following order: first, the transactions provided for in Article 2 shall be completed in the order
set forth therein; and second, following the completion of the transactions as provided in Article
2, the transactions, if they occur, provided for in Article 3 shall be completed.
Section 6.2 Headings; References; Interpretation. All Article and Section headings in this
Agreement are for convenience only and shall not be deemed to control or affect the meaning or
construction of any of the provisions hereof. The words “hereof,” “herein” and “hereunder” and
words of similar import, when used in this Agreement, shall refer to this Agreement as a whole and
not to any particular provision of this Agreement. All references herein to Articles and Sections
shall, unless the context requires a different construction, be
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deemed to be references to the Articles and Sections of this Agreement. All personal pronouns used in this Agreement, whether
used in the masculine, feminine or neuter gender, shall include all other genders, and the singular
shall include the plural and vice versa. The use herein of the word “including” following any
general statement, term or matter shall not be construed to limit such statement, term or matter to
the specific items or matters set forth immediately following such word or to similar items or
matters, whether or not non-limiting language (such as “without limitation”, “but not limited to”,
or words of similar import) is used with reference thereto, but rather shall be deemed to refer to
all other items or matters that could reasonably fall within the broadest possible scope of such
general statement, term or matter.
Section 6.3 Successors and Assigns. The Agreement shall be binding upon and inure to the benefit
of the Parties and their respective successors and assigns.
Section 6.4 No Third Party Rights. The provisions of this Agreement are intended to bind the
Parties as to each other and are not intended to and do not create rights in any other person or
confer upon any other person any benefits, rights or remedies and no person is or is intended to be a third
party beneficiary of any of the provisions of this Agreement.
Section 6.5 Counterparts. This Agreement may be executed in any number of counterparts, all of
which together shall constitute one agreement binding on the Parties hereto.
Section 6.6 Governing Law. This Agreement shall be governed by, and construed in accordance with,
the laws of the State of Texas.
Section 6.7 Severability. If any of the provisions of this Agreement are held by any court of
competent jurisdiction to contravene, or to be invalid under, the laws of any political body having
jurisdiction over the subject matter hereof, such contravention or invalidity shall not invalidate
the entire Agreement. Instead, this Agreement shall be construed as if it did not contain the
particular provision or provisions held to be invalid and an equitable adjustment shall be made and
necessary provision added so as to give effect to the intention of the Parties as expressed in this
Agreement at the time of execution of this Agreement.
Section 6.8 Amendment or Modification. This Agreement may be amended or modified from time to
time only by the written agreement of all the Parties. Each such instrument shall be reduced to
writing and shall be designated on its face as an Amendment to this Agreement.
Section 6.9 Integration. This Agreement and the instruments referenced herein supersede all
previous understandings or agreements among the Parties, whether oral or written, with respect to
their subject matter. This document and such instruments contain the entire understanding of the
Parties with respect to the subject matter hereof and thereof. No understanding, representation,
promise or agreement, whether oral or written, is intended to be or shall be included in or form
part of this Agreement unless it is contained in a written amendment hereto executed by the Parties
hereto after the date of this Agreement.
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Section 6.10 Deed; Xxxx of Sale; Assignment. To the extent required and permitted by applicable
law, this Agreement shall also constitute a “deed,” “xxxx of sale” or “assignment” of the assets
and interests referenced herein.
[Signature page follows]
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IN WITNESS WHEREOF, this Agreement has been duly executed by the Parties hereto as of the date
first above written.
QUICKSILVER GAS SERVICES LP |
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By: | Quicksilver Gas Services GP LLC, its general partner | |||
By: | /s/ Xxxxxx Xxxx | |||
Name: Xxxxxx Xxxx | ||||
Title: Senior Vice President—Chief Financial Officer | ||||
QUICKSILVER GAS SERVICES GP LLC |
||||
By: | /s/ Xxxxxx Xxxx | |||
Name: | Xxxxxx Xxxx | |||
Title: | Senior Vice President—Chief Financial Officer | |||
QUICKSILVER GAS SERVICES HOLDINGS LLC |
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By: | /s/ Xxxxxx Xxxx | |||
Name: | Xxxxxx Xxxx | |||
Title: | Senior Vice President—Chief Financial Officer | |||
QUICKSILVER GAS SERVICES OPERATING GP LLC |
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By: | /s/ Xxxxxx Xxxx | |||
Name: | Xxxxxx Xxxx | |||
Title: | Senior Vice President—Chief Financial Officer | |||
QUICKSILVER GAS SERVICES OPERATING LLC |
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By: | /s/ Xxxxxx Xxxx | |||
Name: | Xxxxxx Xxxx | |||
Title: | Senior Vice President—Chief Financial Officer | |||
COWTOWN GAS PROCESSING L.P. |
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By: Cowtown Pipeline Management, Inc., its general partner | ||||
By: | /s/ Xxxxxx Xxxx | |||
Name: | Xxxxxx Xxxx | |||
Title: | Senior Vice President—Chief Financial Officer | |||
COWTOWN PIPELINE L.P. |
||||
By: | Cowtown Pipeline Management, Inc., its general partner | |||
By: | /s/ Xxxxxx Xxxx | |||
Name: | Xxxxxx Xxxx | |||
Title: | Senior Vice President—Chief Financial Officer | |||
LITTLE HOSS COWTOWN PROCESSING PARTNERS |
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By: | AEM Ranch, L.L.C., managing partner | |||
By: | /s/ Xxxxx X. Xxxxx | |||
Xxxxx X. Xxxxx | ||||
President | ||||
LITTLE HOSS COWTOWN PIPELINE PARTNERS |
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By: | AEM Ranch, L.L.C., managing partner | |||
By: | /s/ Xxxxx X. Xxxxx | |||
Xxxxx X. Xxxxx | ||||
President | ||||
LGS-XXXXXX INVESTMENTS, LLC |
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By: | /s/ Xxxxxxx X. Xxxxx | |||
Xxxxxxx X. Xxxxx | ||||
President | ||||
Schedule I
Cowtown Gas Processing Partners L.P. Ownership
Partners Name | Partner’s Sharing Percentage * | Units | ||
General Partner: |
||||
Cowtown Gas |
1% | N/A | ||
Processing L.P. |
||||
Limited Partners: |
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Cowtown Gas |
94% | 475 | ||
Processing L.P. |
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Little Hoss Cowtown |
5% | 25 | ||
Processing Partners |
Cowtown Pipeline Partners L.P. Ownership
Partners Name | Partner’s Sharing Percentage * | Units | ||
General Partner: |
||||
Cowtown |
1% | N/A | ||
Pipeline L.P. |
||||
Limited Partners: |
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Cowtown |
92% | 000 | ||
Xxxxxxxx X.X. |
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Xxxxxx Xxxx Xxxxxxx |
5% | 25 | ||
Pipeline Partners |
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LGS-Xxxxxx |
2% | 10 | ||
Investments, LLC |
* | Partner’s Sharing Percentage is determined as follows: (Units owned divided by total Units outstanding) x 99% |