UNIT EXCHANGE AGREEMENT by and among MAJEED S. NAMI PERSONAL ENDOWMENT TRUST, and MAJEED S. NAMI IRREVOCABLE TRUST as the “Nami Parties” and VANGUARD NATURAL GAS, LLC, and VANGUARD NATURAL RESOURCES, LLC for the transfer of the common units of...Unit Exchange Agreement • February 29th, 2012 • Vanguard Natural Resources, LLC • Crude petroleum & natural gas • Kentucky
THIS UNIT EXCHANGE AGREEMENT (this “Agreement”), dated as of February 21, 2012 (the “Execution Date”), and effective as of the Effective Date (as defined herein) is by and among Majeed S. Nami Personal Endowment Trust, (“Endowment”); Majeed S. Nami Irrevocable Trust, (“Trust” and with Endowment the “Nami Parties”); Majeed S. Nami, individually (“Nami”); Vinland Energy, LLC, Vinland Energy Operations, LLC and Vinland Energy Gathering, LLC (collectively “Vinland”); Vanguard Natural Gas, LLC, a Kentucky limited liability company (“VNG”) and Vanguard Natural Resources, LLC a Delaware limited liability company (“VNR” and with VNG, the “Vanguard Entities”). The Nami Parties and the Vanguard Parties are referred to collectively herein as the “Parties,” and each is individually referenced as a “Party.” Capitalized terms not otherwise defined shall have the meanings assigned to such terms in Article X.
