PURCHASE AGREEMENTPurchase Agreement • May 9th, 2005 • Magellan Midstream Partners Lp • Pipe lines (no natural gas) • New York
This Purchase Agreement (this “Agreement”) is entered into as of April 11, 2005 between each of the purchasers set forth on Exhibit A-1 (the “Purchaser”), Magellan Midstream Partners, L.P., a Delaware limited partnership (the “Partnership”), and Magellan Midstream Holdings, L.P., a Delaware limited partnership (the “Selling Unitholder”). In consideration of the mutual covenants and agreements set forth herein and for good and valuable consideration, the receipt of which is hereby acknowledged, the parties agree as follows:
REGISTRATION RIGHTS AGREEMENTRegistration Rights Agreement • May 9th, 2005 • Magellan Midstream Partners Lp • Pipe lines (no natural gas) • New York
This Agreement is made in connection with the Closing of the issuance and sale of 5,679,696 Subordinated Units, after giving effect to the two-for-one Unit Split completed April 12, 2005 (the “Purchased Units”), pursuant to the Purchase Agreement (the “Purchase Agreement”), dated as of April 11, 2005, by and among the Magellan Midstream Holdings, L.P., a Delaware limited partnership (the “Selling Unitholder”), the Partnership and the Purchasers named therein. Pursuant to Section 6(a) of the Purchase Agreement, the Partnership has agreed to provide the registration and other rights set forth in this Agreement for the benefit of the Reg. Rights Purchasers. In consideration of the mutual covenants and agreements set forth herein and for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged by each party hereto, the parties hereby agree as follows:
