<SUBMISSION>
<ACCESSION-NUMBER>0001193125-13-397802
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>2
<PERIOD>20131007
<ITEMS>1.01
<ITEMS>2.01
<ITEMS>9.01
<FILING-DATE>20131011
<DATE-OF-FILING-DATE-CHANGE>20131011
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>Approach Resources Inc
<CIK>0001405073
<ASSIGNED-SIC>1311
<IRS-NUMBER>510424817
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>001-33801
<FILM-NUMBER>131148050
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>ONE RIDGMAR CENTRE
<STREET2>6500 WEST FREEWAY, SUITE 800
<CITY>FORT WORTH
<STATE>TX
<ZIP>76116
<PHONE>8179899000
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>ONE RIDGMAR CENTRE
<STREET2>6500 WEST FREEWAY, SUITE 800
<CITY>FORT WORTH
<STATE>TX
<ZIP>76116
</MAIL-ADDRESS>
</FILER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d611149d8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<HTML><HEAD>
<TITLE>Form 8-K</TITLE>
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 <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Washington, D.C. 20549 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>FORM 8-K
</B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>CURRENT REPORT </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Pursuant
to Section&nbsp;13 OR 15(d) </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>of The Securities Exchange Act of 1934 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Date of Report (Date of earliest event reported) October&nbsp;7, 2013 </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:24pt; font-family:Times New Roman" ALIGN="center"><B>APPROACH RESOURCES INC. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Exact name of registrant as specified in its charter) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top" ALIGN="center"><B>Delaware</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>001-33801</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>51-0424817</B></TD></TR>
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<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(State or other jurisdiction</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>of incorporation)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Commission</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>File Number)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(IRS Employer</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Identification No.)</B></P></TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>One Ridgmar Centre</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>6500 West Freeway, Suite 800</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Fort Worth, Texas</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><B>76116</B></TD></TR>
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<TD VALIGN="top" ALIGN="center"><B>(Address of principal executive offices)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>(Zip Code)</B></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(817) 989-9000 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Registrant&#146;s telephone number, including area code) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Not Applicable </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Former
name or former address, if changed since last report.) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Check the appropriate box below
if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (<U>see</U> General Instruction A.2. below): </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></TD>
<TD ALIGN="left" VALIGN="top">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></TD>
<TD ALIGN="left" VALIGN="top">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item&nbsp;1.01. Entry into a Material Definitive Agreement. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In connection with the closing of the previously-announced sale of Wildcat Permian Services LLC (&#147;Wildcat JV&#148;) to a subsidiary of JP
Energy Development, LP (&#147;JP Energy&#148;), on October&nbsp;7, 2013, Approach Resources Inc. (the &#147;Company&#148;), through its wholly-owned subsidiaries Approach Operating, LLC, Approach Oil&nbsp;&amp; Gas Inc. and Approach Resources I, LP
(collectively, the &#147;AREX Entities&#148;), entered into an Amendment No.&nbsp;1 to Crude Oil Purchase Agreement (the &#147;Amendment&#148;) with Wildcat JV, and joined in for certain limited purposes by JP Energy, amending that certain Crude Oil
Purchase Agreement effective as of September&nbsp;12, 2012 (the &#147;Crude Purchase Agreement&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Amendment amends the Crude
Purchase Agreement to, among other things, (i)&nbsp;amend the dedicated area to include certain areas of Crockett and Schleicher Counties, Texas; (ii)&nbsp;amend the transportation and marketing fee; (iii)&nbsp;provide for the rights and obligations
of Wildcat JV and the AREX Entities relating to the construction of future gathering lines and connection facilities; (iv)&nbsp;provide the AREX Entities with priority and preference rights for crude oil capacity on the pipeline system;
(v)&nbsp;provide for trucking fees for any crude oil transported by truck; and (vi)&nbsp;provide for JP Energy&#146;s unconditional guarantee of the payment, performance and satisfaction of all of the obligations and liabilities of Wildcat JV under
the Crude Purchase Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The foregoing description of the Amendment is qualified in its entirety by reference to the text of such
amendment, a copy of which the Company plans to file as an exhibit to its Annual Report on Form 10-K for the period ending December&nbsp;31, 2013. The Company intends to request confidential treatment for certain portions of the Amendment in
accordance with the procedures of the Securities and Exchange Commission. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item&nbsp;2.01. Completion of Acquisition or Disposition of Assets. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">On October&nbsp;7, 2013, the Company, through its wholly-owned subsidiary Approach Midstream Holdings LLC (&#147;AREX Midstream&#148;), closed
on the previously-announced sale of its 50% equity interest in Wildcat JV to JP Energy Permian, LLC (&#147;Buyer&#148;), a wholly-owned subsidiary of JP Energy, pursuant to an Equity Purchase Agreement dated as of September&nbsp;18, 2013, by and
among JP Energy, Buyer, AREX Midstream, Wildcat Midstream Mesquite, LLC (&#147;Wildcat&#148; and together with AREX Midstream, &#147;Sellers&#148;)<B>, </B>a wholly-owned subsidiary of Wildcat Midstream Holdings LLC (&#147;Wildcat Parent&#148;), and
Wildcat JV, and joined in for certain limited purposes by the Company, Wildcat Parent and Wildcat Midstream Operating, LLC. As a result of its purchase of all of the outstanding equity interests in Wildcat JV, JP Energy acquired the Wildcat JV oil
pipeline system in the southern Midland Basin. The purchase price for the equity interests in Wildcat JV was an aggregate amount of cash equal to $210,000,000 (subject to customary post-closing adjustments), payable to Sellers substantially in
proportion to their respective ownership interests in Wildcat JV. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item&nbsp;9.01. Financial Statements and Exhibits. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(b) <I>Pro forma financial information</I>. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">As
described above, on October&nbsp;7, 2013, the Company completed the sale of its 50% equity interest in Wildcat JV, which the Company had accounted for as an equity method investment. The base consideration for the sale was $213.2 million after
adjustments for working capital and capital expenditures, which is also subject to post-closing adjustments. The Company&#146;s net proceeds at closing totaled approximately $109.1 million, after deducting the Company&#146;s share of transactional
costs paid at closing. The amount received at closing included $6 million as consideration for the Company&#146;s entry into the Amendment discussed in Item&nbsp;1.01 above. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">2 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">A limited number of pro forma adjustments are required to illustrate the effects of the
transaction on the Company&#146;s unaudited consolidated balance sheet as of June&nbsp;30, 2013, and the Company&#146;s unaudited consolidated statements of operations for the three and six months ended June&nbsp;30, 2013, and for the year ended
December&nbsp;31, 2012. The following narrative description is furnished in lieu of unaudited pro forma consolidated financial statements. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The description of the Company&#146;s pro forma adjustments to its unaudited consolidated balance sheet as of June&nbsp;30, 2013, assumes the
sale of the Company&#146;s interest in Wildcat JV occurred as of that date. The cash and cash equivalents balance would have increased by $109.1 million, from the net cash proceeds, to $164.4 million; equity method investment would have decreased by
$16 million to zero; current liabilities would have increased by $32.7 million, for the current taxes payable on the gain on sale to $87.7 million; and retained earnings would have increased $60.4 million, for the after-tax gain on sale, to $140.5
million. Retained earnings assumes that the resulting after-tax gain would have been $60.4 million, based on the carrying value of the equity method investment sold on that date relative to the net proceeds received and net of the related tax
effects of $32.7 million. The Company intends to use its net operating loss carry forwards to reduce the amount of cash taxes it otherwise would owe as a result of this sale transaction. The gain and related taxes are not discussed in the
description of pro forma adjustments to the Company&#146;s unaudited consolidated statements of operations due to their nonrecurring nature. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The description of the Company&#146;s unaudited pro forma consolidated statements of operations for the three and six months ended
June&nbsp;30, 2013, and for the year ended December&nbsp;31, 2012, both assume that the sale transaction occurred on January&nbsp;1, 2012. The Company obtained its 50% equity interest in Wildcat JV in September 2012, and the Company&#146;s share of
the Wildcat JV&#146;s losses were not significant to the Company&#146;s consolidated statements of operations for the three and six months ended June&nbsp;30, 2013, or for the year ended December&nbsp;31, 2012. Accordingly, pro forma adjustments to
reflect the sale transaction in the consolidated statements of operations for the three and six months ended June&nbsp;30, 2013, and for the year ended December&nbsp;31, 2012, have not been provided. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The pro forma adjustments described above are presented for illustrative purposes only and are not necessarily indicative of the financial
position or results of operations for future periods or the results that would have been achieved if the Company had completed the sale of its 50% equity interest in Wildcat JV on the dates indicated. In the opinion of management, all adjustments
necessary to present fairly the unaudited pro forma financial information have been made. The unaudited pro forma financial information should be read in conjunction with the Company&#146;s Annual Report on Form 10-K for the year ended
December&nbsp;31, 2012, its Quarterly Report on Form 10-Q for the period ended June&nbsp;30, 2013, and the Company&#146;s subsequent filings with the Securities and Exchange Commission. </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">(d)</TD>
<TD ALIGN="left" VALIGN="top"><I>Exhibits</I>. </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="90%"></TD></TR>
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<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE="border-bottom:1.00pt solid #000000; width:39.10pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Exhibit&nbsp;No.</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE="border-bottom:1.00pt solid #000000; width:39.50pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Description</B></P></TD></TR>


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<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>2.1*</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Equity Purchase Agreement by and among JP Energy Development LP, JP Energy Permian, LLC, Wildcat Midstream Mesquite, LLC, Approach Midstream Holdings LLC, Wildcat Permian Services LLC and joined in for certain limited purposes by
Wildcat Midstream Holdings LLC, Approach Resources Inc. and Wildcat Midstream Operating, LLC dated September 18, 2013.</TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="2%" VALIGN="top" ALIGN="left">*</TD>
<TD ALIGN="left" VALIGN="top">The exhibits and schedules to this agreement have been omitted from this filing pursuant to Item&nbsp;601(b)(2) of Regulation S-K. Approach Resources Inc. will furnish copies of such exhibits and schedules to the
Securities and Exchange Commission upon request. In addition, pursuant to a request for confidential treatment filed with the Securities and Exchange Commission under Rule 24b-2 of the Securities Exchange Act of 1934, as amended, portions of this
exhibit have been redacted and have been provided separately to the Securities and Exchange Commission. </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">3 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SIGNATURES </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
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<TD VALIGN="top" COLSPAN="3"><B>APPROACH RESOURCES INC.</B></TD></TR>
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<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1.00pt solid #000000; font-size:10pt; font-family:Times New Roman">/s/ J. Curtis Henderson</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top">J. Curtis Henderson</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="top">Executive Vice President and General Counsel</TD></TR>
</TABLE></DIV> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Date: October&nbsp;11, 2013 </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">4 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>EXHIBIT INDEX </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE="border-bottom:1.00pt solid #000000; width:39.10pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Exhibit&nbsp;No.</B></P></TD>
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<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE="border-bottom:1.00pt solid #000000; width:39.50pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Description</B></P></TD></TR>


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<TD VALIGN="top" NOWRAP>2.1*</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Equity Purchase Agreement by and among JP Energy Development LP, JP Energy Permian, LLC, Wildcat Midstream Mesquite, LLC, Approach Midstream Holdings LLC, Wildcat Permian Services LLC and joined in for certain limited purposes by
Wildcat Midstream Holdings LLC, Approach Resources Inc. and Wildcat Midstream Operating, LLC dated September 18, 2013.</TD></TR>
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<TD WIDTH="2%" VALIGN="top" ALIGN="left">*</TD>
<TD ALIGN="left" VALIGN="top">The exhibits and schedules to this agreement have been omitted from this filing pursuant to Item&nbsp;601(b)(2) of Regulation S-K. Approach Resources Inc. will furnish copies of such exhibits and schedules to the
Securities and Exchange Commission upon request. In addition, pursuant to a request for confidential treatment filed with the Securities and Exchange Commission under Rule 24b-2 of the Securities Exchange Act of 1934, as amended, portions of this
exhibit have been redacted and have been provided separately to the Securities and Exchange Commission. </TD></TR></TABLE>
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<TYPE>EX-2.1
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<FILENAME>d611149dex21.htm
<DESCRIPTION>EX-2.1
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 2.1 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">*THE COMPANY HAS REQUESTED AN ORDER FROM THE SECURITIES AND EXCHANGE COMMISSION (THE &#147;COMMISSION&#148;) PURSUANT TO RULE 24B-2 OF THE SECURITIES AND
EXCHANGE ACT OF 1934, AS AMENDED, GRANTING CONFIDENTIAL TREATMENT TO SELECTED PORTIONS. ACCORDINGLY, THE CONFIDENTIAL PORTIONS HAVE BEEN OMITTED FROM THIS EXHIBIT AND HAVE BEEN FILED SEPARATELY WITH THE COMMISSION. OMITTED PORTIONS ARE INDICATED BY
&#147;<B>[REDACTED]*</B>&#148;. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B><I>Execution Version </I></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>EQUITY PURCHASE AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>by and among </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>JP Energy
Development LP, </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>as the Partnership, </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>JP Energy Permian, LLC </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>as Buyer, </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Wildcat
Midstream Mesquite, LLC, </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Approach Midstream Holdings LLC, </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>as Sellers, </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Wildcat
Permian Services LLC, </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>as Crude JV, </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>solely for purposes of <U>Sections 6.14(a)</U>, <U>6.15</U>, <U>6.17(b)</U> and <U>11.15</U>, </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Wildcat Midstream Holdings LLC, </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>as Wildcat Parent, </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>solely for purposes of <U>Sections 6.14(a)</U>, <U>6.15</U>, <U>6.17(b)</U>, <U>6.18</U> and <U>11.15</U>, </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Approach Resources Inc., </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>as Approach Parent, </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>and </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>solely for
purposes of <U>Section&nbsp;6.17(b)</U> and <U>6.19</U>, </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Wildcat Midstream Operating, LLC </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>as Wildcat Operating </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Dated </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>September&nbsp;18, 2013 </B></P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>TABLE OF CONTENTS </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><B>Page</B></TD>
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<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">ARTICLE I</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">CERTAIN DEFINITIONS</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">1.1 Certain Defined Terms</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">1.2 Other Definitional Provisions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">1.3 Headings</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">1.4 Other Terms</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">ARTICLE II</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">THE TRANSACTION</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2.1 The Transaction</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2.2 Consideration</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2.3 Adjustments</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2.4 Distribution of Earnest Money Escrow Fund</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">6</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2.5 Purchase Price and Indemnity Escrow</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">7</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2.6 Written Instructions</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2.7 Purchase Price Allocation</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">2.8 Withholding</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
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<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">ARTICLE III</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">REPRESENTATIONS AND WARRANTIES OF SELLERS</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
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<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">3.1 Organization, Good Standing and Authority of Sellers</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">3.2 Title to Interests</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">3.3 No Conflicts</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">3.4 Litigation</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">3.5 Broker&#146;s or Finder&#146;s Fees</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">ARTICLE IV</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">REPRESENTATIONS AND WARRANTIES OF CRUDE JV</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">4.1 Organization, Good Standing and Authority; Capitalization of Crude JV</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">12</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">4.2 No Conflicts</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">13</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">4.3 Consents and Authorizations</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">4.4 Properties</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">4.5 Easements</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">4.6 Taxes</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">4.7 Compliance with Laws</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">4.8 Insurance</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">4.9 Material Contracts</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">4.10 Intellectual Property</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">4.11 Broker&#146;s or Finder&#146;s Fees</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">4.12 Employees</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">4.13 Financial Statements; Absence of Undisclosed Liabilities; Controls and Procedures</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">4.14 Environmental Matters</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR></TABLE>

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<TD></TD>
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<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">4.15 Litigation</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">4.16 Absence of Certain Changes</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">4.17 Severance; Change of Control</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">4.18 Regulatory Matters</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">4.19 Customers and Suppliers</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">4.20 Books and Records</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21</TD>
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<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">ARTICLE V</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">REPRESENTATIONS AND WARRANTIES OF BUYER</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21</TD>
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<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">5.1 Organization, Good Standing and Authority of Buyer</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">5.2 No Conflicts</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">5.3 Litigation</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">5.4 Broker&#146;s or Finder&#146;s Fees</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22</TD>
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<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">5.5 Financial Ability</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22</TD>
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<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">5.6 Investment Intent</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23</TD>
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<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">5.7 Independent Evaluation</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23</TD>
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<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">ARTICLE VI</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">COVENANTS</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23</TD>
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<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">6.1 Conduct of Business</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">6.2 Access, Information and Access Indemnity</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26</TD>
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<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">6.3 Due Diligence Indemnification</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">27</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">6.4 Further Assurances</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">28</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">6.5 Payoff Letters; Mutual Releases</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">28</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">6.6 Cooperation and Reasonable Efforts</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">28</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">6.7 Tax Matters</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">28</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">6.8 Regulatory Approvals</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">30</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">6.9 Termination of Agreements</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">32</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">6.10 Transition Services Agreement</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">32</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">6.11 Notice of Breaches of Representations and Warranties</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">32</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">6.12 Restructuring</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">33</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">6.13 Change of Company Name</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">33</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">6.14 No Solicitation</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">34</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">6.15 Non-Competition</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">35</TD>
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<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">6.16 Dedications</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">36</TD>
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<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">6.17 Employee Matters</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">36</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">6.18 Confidential Treatment</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">37</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">6.19 Pipeline Operator Authorizations</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">38</TD>
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<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">ARTICLE VII</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">CONDITIONS TO CLOSING</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">38</TD>
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<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">7.1 Sellers&#146; Conditions</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">38</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">7.2 Buyer&#146;s Conditions</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">38</TD>
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<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">ARTICLE VIII</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">CLOSING</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">39</TD>
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<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">8.1 Time and Place of Closing</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">39</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">8.2 Deliveries at Closing</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">40</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">ii </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="97%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>

<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">ARTICLE IX</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">TERMINATION</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">41</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">9.1 Termination at or Prior to Closing</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">41</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">9.2 Effect of Termination</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">43</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">ARTICLE X</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">INDEMNIFICATION</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">43</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">10.1 Survival</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">43</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">10.2 Indemnification by the Partnership, Buyer and Crude JV</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">44</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">10.3 Indemnification by Sellers</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">45</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">10.4 Certain Limitations</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">45</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">10.5 Use of Indemnity Escrow Fund</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">47</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">10.6 Notice of Asserted Liability; Opportunity to Defend</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">48</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">10.7 Exclusive Remedy</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">49</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">10.8 Limitation on Damages</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">50</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">10.9 Bold and/or Capitalized Letters</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">51</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">10.10 Disclaimer</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">51</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">10.11 Express Negligence/Conspicuous Manner</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">52</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">ARTICLE XI</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">MISCELLANEOUS PROVISIONS</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">53</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">11.1 Expenses</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">53</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">11.2 Assignment</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">53</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">11.3 Specific Performance</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">53</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">11.4 Entire Agreement, Amendments and Waiver</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">53</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">11.5 Severability</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">54</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">11.6 Counterparts</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">54</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">11.7 Governing Law and Dispute Resolution</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">54</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">11.8 Notices and Addresses</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">55</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">11.9 Attorney-Client Privilege; Conflicts</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">56</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">11.10 Public Announcements</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">56</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">11.11 Offset</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">57</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">11.12 No Partnership; Third Party Beneficiaries</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">58</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">11.13 Negotiated Transaction</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">58</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">11.14 Time of the Essence</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">58</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">11.15 Guarantee of Sellers&#146; Indemnification Obligations</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">58</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">11.16 Non-Recourse</P></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">59</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">iii </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>SCHEDULES </U></B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="89%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>Schedule&nbsp;A</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top">Defined Terms</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>Schedule B</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top">Sample Balance Sheet</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>Schedule C</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top">Capital Budget</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>Schedule&nbsp;2.7</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top">Preliminary Asset Allocation</TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>EXHIBITS </U></B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="8%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="89%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>Exhibit&nbsp;A-1</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top">Mutual Release (Individual)</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>Exhibit A-2</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top">Mutual Release (Entity)</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>Exhibit B</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top">Form of Transition Services Agreement</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>Exhibit C</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top">Form of Assignment and Assumption of Membership Interests (Wildcat; Approach)</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>Exhibit D</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top">Form of Assignment and Assumption of Membership Interests (Newco)</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>Exhibit E</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top">Form of Memorandum of Dedication Agreement</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>Exhibit F</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top">Form of Amendment to Approach COPA</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>Exhibit G</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top">Form of Confidentiality and Non-Competition Agreement</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>Exhibit H</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top">Territory</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">iv </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>EQUITY PURCHASE AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This EQUITY PURCHASE AGREEMENT (this &#147;<U>Agreement</U>&#148;) dated September&nbsp;18, 2013 is by and among JP Energy Development LP, a
Delaware limited partnership (the &#147;<U>Partnership</U>&#148;), JP Energy Permian, LLC, a Delaware limited liability company and a wholly owned subsidiary of the Partnership (&#147;<U>Buyer</U>&#148;), Wildcat Midstream Mesquite, LLC, a Texas
limited liability company (&#147;<U>Wildcat</U>&#148;), Approach Midstream Holdings LLC, a Delaware limited liability company (&#147;<U>Approach</U>&#148; and, together with Wildcat, the &#147;<U>Sellers</U>&#148;), and Wildcat Permian Services LLC,
a Texas limited liability company (&#147;<U>Crude JV</U>&#148;), solely for purposes of <U>Section&nbsp;6.14(a)</U>, <U>Section&nbsp;6.15</U>, <U>Section&nbsp;6.17(b)</U> and <U>Section&nbsp;11.15</U> of this Agreement, Wildcat Midstream Holdings
LLC, a Delaware limited liability company (&#147;<U>Wildcat&nbsp;Parent</U>&#148;), solely for purposes of <U>Section&nbsp;6.14(a)</U>, <U>Section&nbsp;6.15</U>, <U>Section&nbsp;6.17(b)</U>, <U>Section&nbsp;6.18</U> and <U>Section&nbsp;11.15</U> of
this Agreement, Approach Resources Inc., a Delaware corporation (&#147;<U>Approach Parent</U>&#148;) and, solely for purposes of <U>Section&nbsp;6.17(b)</U> and <U>Section&nbsp;6.19</U> of this Agreement, Wildcat Midstream Operating, LLC, a Texas
limited liability company (&#147;<U>Wildcat Operating</U>&#148;). The Partnership, Buyer, Sellers and Crude JV are sometimes referred to collectively herein as the &#147;<U>Parties</U>&#148; and individually as a &#147;<U>Party</U>.&#148; </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>RECITALS </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1. As of the
date hereof, Sellers own all of the outstanding Equity Interests of Crude JV (the &#147;<U>Interests</U>&#148;), with each Seller owning 50% of the Interests. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2. Following the date hereof and immediately prior to the Closing, Sellers will contribute all of the Interests to WPS Holdco LLC, a Texas
limited liability company (&#147;<U>Newco</U>&#148;), which will be formed by Sellers after the date hereof and which will be wholly owned in equal parts by Sellers as of the time of such contribution (the &#147;<U>Interest Contribution</U>&#148;).
</P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">3. Buyer desires to purchase, and Sellers (through Newco) desire to sell to Buyer, the Interests for the consideration set forth below,
subject to the terms and conditions of this Agreement. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">4. Simultaneous with the execution hereof by all the Parties, Buyer, Sellers and
the Escrow Agent have entered into the Escrow Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">NOW, THEREFORE, in consideration of the mutual promises hereinafter set forth
and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereby agree as follows: </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE I </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CERTAIN
DEFINITIONS </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1.1 <U>Certain Defined Terms</U>. Capitalized terms used in this Agreement which are not defined in the text of the body
of this Agreement shall have the meanings given such terms as set forth in <B><U>Schedule A</U></B> attached to this Agreement, which <B><U>Schedule A</U></B> is incorporated herein by reference with the same force and effect as is set forth herein
in full. </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1.2 <U>Other Definitional Provisions</U>. As used in this Agreement, unless expressly stated
otherwise or the context requires otherwise, (a)&nbsp;all references to an &#147;Article,&#148; &#147;Section,&#148; or &#147;subsection&#148; shall be to an Article, Section, or subsection of this Agreement, (b)&nbsp;the words &#147;this
Agreement,&#148; &#147;hereof,&#148; &#147;hereunder,&#148; &#147;herein,&#148; &#147;hereby,&#148; or words of similar import shall refer to this Agreement as a whole and not to a particular Article, Section, subsection, clause or other subdivision
hereof, (c)&nbsp;the words used herein shall include the masculine, feminine and neuter gender, and the singular and the plural, (d)&nbsp;the word &#147;including&#148; shall mean &#147;including, without limitation&#148; and (e)&nbsp;the word
&#147;day&#148; or &#147;days&#148; shall mean a calendar day or days, unless denoted as a Business Day. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1.3 <U>Headings</U>. The headings
of the Articles and Sections of this Agreement and of the Schedules and Exhibits are included for convenience only and shall not be deemed to constitute part of this Agreement or to affect the construction or interpretation hereof or thereof. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1.4 <U>Other Terms</U>. Other terms may be defined elsewhere in the text of this Agreement and shall have the meaning indicated throughout this
Agreement. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE II </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>THE TRANSACTION </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2.1
<U>The Transaction</U>. Subject to and upon the terms and conditions of this Agreement, at the Closing, the Sellers shall cause Newco to sell, transfer, convey, assign and deliver to Buyer, and Buyer shall purchase and acquire from Newco, all of the
Interests owned by Newco free and clear of all Liens. The Interests to be acquired by Buyer at Closing shall constitute all of the outstanding Equity Interests in Crude JV. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2.2 <U>Consideration</U>. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a)
The aggregate consideration to be paid by Buyer for the Interests shall consist of the Cash Amount. The &#147;<U>Cash Amount</U>&#148; shall be an amount equal to (i)&nbsp;$210,000,000.00 (Two Hundred Ten Million dollars and no cents) <U>plus</U>
(ii)&nbsp;actual capital expenditures incurred after June&nbsp;30, 2013 and paid prior to Closing (A)&nbsp;in accordance with and not to exceed the amounts set forth in the Capital Budget attached hereto as <B><U>Schedule C</U></B> (the
&#147;<U>Capital Budget</U>&#148;) or (B)&nbsp;incurred after the date hereof in accordance with <U>Section&nbsp;6.1(c)(ii)(M)</U> (collectively, &#147;<U>Reimbursable Capex</U>&#148;) <U>minus</U> (iii)&nbsp;the sum of (A)&nbsp;Expenses, to the
extent not paid prior to the Measurement Time, and (B)&nbsp;the Working Capital Deficit, if any, <U>plus</U> (iv)&nbsp;the Working Capital Surplus, if any. The Cash Amount shall be payable in the manner described in <U>Section&nbsp;2.2(b)</U>,
<U>Section&nbsp;2.2(c)</U> and <U>Section&nbsp;2.3</U>. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) No later than the first
(1<SUP STYLE="font-size:85%; vertical-align:top">st</SUP>)&nbsp;Business Day after the date of this Agreement, Buyer shall deposit the Earnest Money Escrow Amount with the Escrow Agent to be held in escrow pursuant to the terms of
<U>Section&nbsp;2.4</U> and the Escrow Agreement. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) At the Closing: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:2%; text-indent:10%; font-size:10pt; font-family:Times New Roman">(i) Buyer shall pay, and the Partnership shall cause Buyer to pay (including funding cash proceeds to Buyer to the extent
necessary), to Approach, by wire transfer of immediately available funds to the account designated in writing by Approach to Buyer at least two&nbsp;(2)&nbsp;Business Days prior to Closing, $6,000,000.00 (Six Million dollars and no cents) in cash
(the&nbsp;&#147;<U>COPA&nbsp;Consideration</U>&#148;); </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">2 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:10%; font-size:10pt; font-family:Times New Roman">(ii) Buyer shall pay, and the Partnership shall cause Buyer to pay (including
funding cash proceeds to Buyer to the extent necessary), to each Seller, by wire transfer of immediately available funds to the account designated in writing by each Seller to Buyer at least two&nbsp;(2)&nbsp;Business Days prior to Closing, an
amount in cash equal to 50% of the net amount of (A)&nbsp;the Estimated Cash Amount, <U>minus</U> (B)&nbsp;the Earnest Money Escrow Amount, <U>minus</U> (C)&nbsp;the Purchase Price Escrow Amount, <U>minus</U> (D)&nbsp;the COPA Consideration; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:2%; text-indent:10%; font-size:10pt; font-family:Times New Roman">(iii) Buyer shall deposit an amount in cash equal to the Purchase Price Escrow Amount with the Escrow Agent to be held in
escrow pursuant to the terms of <U>Section&nbsp;2.4</U> and the Escrow Agreement; and </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:2%; text-indent:10%; font-size:10pt; font-family:Times New Roman">(iv) to the extent unpaid, Buyer
shall pay, and the Partnership shall cause Buyer to pay (including funding cash proceeds to Buyer to the extent necessary) to the payees of any Expenses by wire transfer of immediately available funds to the account(s) designated by such Persons in
the applicable Payoff Letters, the amounts specified in the Payoff Letters. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2.3 <U>Adjustments</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) <U>Preparation of Estimated Closing Statement</U>. Sellers shall prepare in good faith and deliver to Buyer, at least four
(4)&nbsp;Business Days prior to the Closing Date and at the sole expense of Sellers, a statement as of the Measurement Time (the &#147;<U>Estimated Closing Statement</U>&#148;), setting forth a detailed determination of the Estimated Cash Amount.
The &#147;<U>Estimated Cash Amount</U>&#148; shall be an amount equal to (i)&nbsp;$210,000,000.00 (Two Hundred Ten Million dollars and no cents) <U>plus</U> (ii)&nbsp;Reimbursable Capex<U> minus</U> (iii)&nbsp;the sum of (A)&nbsp;Expenses, to the
extent not paid prior to the Measurement Time, and (B)&nbsp;the estimated amount of Working Capital Deficit, if any, <U>plus</U> (iv)&nbsp;the estimated amount of Working Capital Surplus, if any. The Expenses shall be based on amounts set forth in
the Payoff Letters, or, to the extent a Payoff Letter has not been provided for an Expense, an estimate of such amount, and in each case, shall be subject to final determination in the Final Closing Statement. Each estimation shall be made as of the
Measurement Time. If Buyer has any questions or disagreements regarding the Estimated Closing Statement, Buyer shall contact Sellers at least two (2)&nbsp;Business Days prior to the Closing Date, and in such case Sellers and Buyer shall in good
faith attempt to resolve any disagreements. If Buyer and Sellers agree on changes to the Estimated Cash Amount based on such discussions, then the Estimated Cash Amount shall be paid at Closing based on such changes. If Buyer and Sellers do not
agree on changes to the Estimated Cash Amount, then the Estimated Cash Amount shall be paid at the Closing based on the amounts set forth in the Estimated Closing Statement. In either such case, appropriate adjustments to the Cash Amount shall be
made after the Closing pursuant to <U>Section&nbsp;2.3(b)</U>, <U>Section&nbsp;2.3(c)</U>, and <U>Section&nbsp;2.3(d)</U>. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b)
<U>Preparation of Closing Statement</U>. As soon as reasonably practicable after the Closing Date (and, in any event, within ninety (90)&nbsp;days after the Closing Date), Buyer shall prepare and deliver to Sellers, at the sole expense of Buyer, a
closing statement as of the Measurement Time (the &#147;<U>Proposed Closing Statement</U>&#148;), setting forth the proposed final </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
calculation of the Cash Amount, including Buyer&#146;s calculation of the (i)&nbsp;Net Working Capital, (ii)&nbsp;Reimbursable Capex and (iii)&nbsp;Expenses, to the extent not paid prior to the
Measurement Time, and (iv)&nbsp;the Cash Amount. If Buyer does not deliver the Proposed Closing Statement when required, Sellers may prepare and deliver it to Buyer, and, in such case, Buyer shall have Sellers&#146; objection rights under
<U>Section&nbsp;2.3(c)</U>. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) <U>Examination of Proposed Closing Statement</U>. Sellers shall review the Proposed Closing Statement to
confirm the accuracy of the Proposed Closing Statement and Buyer&#146;s calculations. If Sellers fail to give Buyer written notice of any disputed amounts within thirty (30)&nbsp;days after Sellers receive the Proposed Closing Statement (the
&#147;<U>Review Period</U>&#148;), then the Proposed Closing Statement shall become the Final Closing Statement for purposes hereof. If Sellers give Buyer written notice of any disputed items within the Review Period, Buyer and Sellers shall attempt
in good faith to agree on any adjustments that should be made to the Proposed Closing Statement. Any amounts in the Proposed Closing Statement with respect to which Sellers do not give written notice of objection during the Review Period shall be
deemed to be agreed upon among the Parties. If Buyer and Sellers fail to resolve any disputed amounts within sixty (60)&nbsp;days after Sellers receive the Proposed Closing Statement, Buyer and Sellers, upon the written request of Buyer or either
Seller, will engage the Audit Firm to resolve any such disputed matters in accordance with the terms of this Agreement, and, in connection with such engagement Buyer, Sellers and Crude JV shall execute any engagement, indemnity and other agreements
as the Audit Firm may require as a condition to such engagement. The Audit Firm&#146;s engagement shall be limited to the resolution of disputed amounts set forth in the Proposed Closing Statement that have been identified by Sellers, the Audit Firm
shall not assign a value to any disputed item submitted to it for determination greater or less than the amount claimed by Buyer or Sellers, as applicable, and no other matter relating to the Final Closing Statement shall be subject to determination
by the Audit Firm. The Parties shall cooperate diligently with any reasonable request of the Audit Firm in an effort to resolve any disputed matter as soon as reasonably possible after the Audit Firm is engaged. If possible, the decision of the
Audit Firm shall be made within thirty (30)&nbsp;days after being engaged. In any event, (i)&nbsp;the decision of the Audit Firm shall be final and binding on the Parties absent manifest error, (ii)&nbsp;if applicable, the Proposed Closing Statement
shall be revised to reflect the final decision of the Audit Firm with respect to (A)&nbsp;Net Working Capital, (B)&nbsp;Reimbursable Capex, (C)&nbsp;Expenses, to the extent not paid prior to the Measurement Time, and (D)&nbsp;the Cash Amount, and
(iii)&nbsp;other than changes to the Proposed Closing Statement to reflect such final decision of the Audit Firm, there shall be no further adjustments to the Proposed Closing Statement (the final form of the Proposed Closing Statement, including
any revisions that are made thereto pursuant to this <U>Section&nbsp;2.3(c)</U>, is referred to herein as the &#147;<U>Final Closing Statement</U>&#148;). </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) <U>Adjustments</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:2%; text-indent:10%; font-size:10pt; font-family:Times New Roman">(i) If the Cash Amount as reflected on the Final Closing Statement is less than the Estimated Cash Amount (the amount of such
shortfall, if any, being hereinafter referred to as the &#147;<U>Aggregate Consideration Deficit</U>&#148;), then an amount of cash equal to such Aggregate Consideration Deficit shall be released promptly from the Purchase Price Escrow Fund and paid
to Buyer in accordance with <U>Section&nbsp;2.5(b)(i)</U>. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">4 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:10%; font-size:10pt; font-family:Times New Roman">(ii) If the Cash Amount as reflected on the Final Closing Statement is greater
than the Estimated Cash Amount (the amount of such excess being hereinafter referred to as the &#147;<U>Aggregate Consideration Surplus</U>&#148;), then Buyer shall promptly, and in any event within five (5)&nbsp;Business Days, tender payment to
each Seller of a cash amount equal to 50% of such Aggregate Consideration Surplus. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:2%; text-indent:10%; font-size:10pt; font-family:Times New Roman">(iii) If the Cash Amount as reflected
on the Final Closing Statement is equal to the Estimated Cash Amount, then neither Buyer nor Sellers shall have any further obligation under this <U>Section&nbsp;2.3(d)</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(e) <U>No Duplicative Effect; Sample Balance Sheet</U>. The provisions of this <U>Section&nbsp;2.3</U> and of any other Transaction Document
shall apply in such a manner so as not to give the components and calculations duplicative effect to any item of adjustment and, except as otherwise expressly provided in this Agreement or as described in the Sample Balance Sheet, the Parties
covenant and agree that no amount shall be (or is intended to be) included, in whole or in part (either as an increase or reduction) more than once in the calculation of Net Working Capital, Reimbursable Capex, Expenses (to the extent not paid prior
to the Measurement Time), or the Cash Amount or any component of any of the foregoing, or any other calculated amount pursuant to this Agreement if the effect of such additional inclusion (either as an increase or reduction) would be to cause such
amount to be overstated or understated for purposes of such calculation. The Parties acknowledge and agree that, if there is a conflict between a determination, calculation or methodology set forth in the Sample Balance Sheet or the definitions
contained in this Agreement, as applicable, on the one hand, and those provided by GAAP, on the other hand, (i)&nbsp;the determination, calculation or methodology set forth in the Sample Balance Sheet or the definitions contained in this Agreement,
as applicable, shall control to the extent that the matter is included in the Sample Balance Sheet or the definitions contained in this Agreement as a line item or specific adjustment and (ii)&nbsp;the determination, calculation or methodology
prescribed by GAAP shall otherwise control. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(f) <U>Fees and Expenses of the Audit Firm</U>. If the Parties submit any disputed amounts to
the Audit Firm for resolution as provided in <U>Section&nbsp;2.3(c)</U>, the fees and expenses of the Audit Firm (the &#147;<U>Audit Fees</U>&#148;) will be paid by and apportioned between Buyer and Sellers based on the aggregate dollar amount of
the amount in dispute and the relative recovery, as determined by the Audit Firm, of Sellers and Buyer, respectively (for example, if Sellers claim an amount in dispute should be $50 and Buyer claims such amount should be $100 and the Audit Firm
determines such amount is $90, then Sellers shall pay 80% of the Audit Fees and Buyer shall pay 20% of the Audit Fees). Sellers and Buyer shall promptly, and in any event within five&nbsp;(5) Business Days after the final determination of the Final
Closing Statement, pay, and the Partnership shall cause Buyer to pay (including funding cash proceeds to Buyer to the extent necessary), to the Audit Firm the amount of Audit Fees payable by such Party pursuant to the preceding sentence, and, if
applicable, each Seller shall pay 50% of any Audit Fees that are payable by Sellers pursuant to the preceding sentence. </P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">5 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2.4 <U>Distribution of Earnest Money Escrow Fund</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) If the Closing shall occur, (i)&nbsp;the Purchase Price Escrow Amount deposited by Buyer at Closing pursuant to
<U>Section&nbsp;2.2(c)(iii)</U> shall be retained by the Escrow Agent as set forth in <U>Section&nbsp;2.5(a)(i)</U> and shall become the Purchase Price Escrow Fund, subject to distribution in accordance with <U>Section&nbsp;2.5(b)</U>, (ii)&nbsp;a
portion of the Earnest Money Escrow Fund equal to the Indemnity Escrow Amount shall be retained by the Escrow Agent as set forth in <U>Section&nbsp;2.5(a)(ii)</U> and shall become the Indemnity Escrow Fund, subject to distribution in accordance with
<U>Section&nbsp;2.5(b)</U>, and (iii)&nbsp;the balance of the Earnest Money Escrow Fund (less any amount due to the Escrow Agent pursuant to the Escrow Agreement) shall be delivered to Buyer. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) If (i)&nbsp;this Agreement is terminated by Sellers pursuant to <U>Section&nbsp;9.1(c)</U>, (ii)&nbsp;(v)&nbsp;any breach by Buyer of this
Agreement has caused one or more of the Closing conditions of Sellers contained herein not to be satisfied by the Termination Date, (w)&nbsp;this Agreement is terminated by Sellers pursuant to <U>Section&nbsp;9.1(b)</U>, (x)&nbsp;Buyer does not then
have the right to terminate this Agreement pursuant to <U>Section&nbsp;9.1(d)</U> or <U>Section&nbsp;9.1(e)</U> at the time of such termination by Sellers, (y)&nbsp;the conditions in <U>Section&nbsp;7.2(a)</U> through <U>Section&nbsp;7.2(d)</U>
(inclusive) would be satisfied if the Closing occurred as of the date of such termination and (z)&nbsp;Sellers have delivered to Buyer a notification in writing as of the date of such termination that, if the Closing occurred as of the date of such
termination, they and Crude JV would stand ready, willing and able to consummate the Restructuring and to satisfy the conditions in <U>Section&nbsp;7.2(f)</U> through <U>Section&nbsp;7.2(i)</U>, as applicable, or (iii)&nbsp;(A)&nbsp;the conditions
to Buyer&#146;s obligation to consummate the Closing (other than the consummation of the Restructuring and the conditions in <U>Section&nbsp;7.2(f)</U> through <U>Section&nbsp;7.2(i)</U> (inclusive)) shall have been satisfied, (B)&nbsp;Sellers have
delivered to Buyer a written demand (a &#147;<U>Closing Demand</U>&#148;) including a notification in writing that they and Crude JV stand and will stand ready, willing and able to consummate the Restructuring and to satisfy the conditions in
<U>Section&nbsp;7.2(f)</U> through <U>Section&nbsp;7.2(i)</U>, as applicable, at such time and (C)&nbsp;Buyer fails to consummate the Closing in accordance with the terms hereof within two (2)&nbsp;Business Days following receipt of the Closing
Demand, each Seller shall be entitled to receive 50% of the Earnest Money Escrow Amount as liquidated damages. Notwithstanding anything to the contrary in this Agreement, Sellers&#146; recovery of liquidated damages pursuant to this
<U>Section&nbsp;2.4(b)</U> shall be the sole and exclusive remedy of Sellers against Buyer, the Partnership, their Affiliates, their respective subsidiaries, any of their financing sources, including, but not limited to, ArcLight Energy Partners
Fund V, L.P. and Lonestar Midstream Holdings, LLC, and any of their respective former, current or future officers, directors, partners, stockholders, managers, members or Affiliates for any Claim relating to or arising out of this Agreement or the
transactions contemplated hereby and none of Buyer, the Partnership, their respective subsidiaries, their financing sources or any of their respective former, current or future officers, directors, partners, stockholders, managers, members or
Affiliates shall have any further liability or obligation relating to or arising out of this Agreement or the transactions contemplated hereby. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) If this Agreement is terminated or the Closing does not occur under any circumstance other than as expressly stated in
<U>Section&nbsp;2.4(b)</U>, the Earnest Money Escrow Fund (less any amount due to the Escrow Agent pursuant to the Escrow Agreement) shall be delivered to Buyer. </P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">6 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2.5 <U>Purchase Price and Indemnity Escrow</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) <U>Purchase Price and Indemnity Escrow Amount</U>. Notwithstanding any other provision in this Agreement to the contrary, in order to: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:2%; text-indent:10%; font-size:10pt; font-family:Times New Roman">(i) secure the recovery by Buyer of any Aggregate Consideration Deficit, on the Closing Date, the Purchase Price Escrow Amount
deposited by Buyer with the Escrow Agent at Closing pursuant to <U>Section&nbsp;2.2(c)(iii)</U> shall be retained by the Escrow Agent (such amount retained by the Escrow Agent following the Closing Date, together with all interest, dividends and
other income earned thereon while in the custody of the Escrow Agent from and after the Closing Date, the &#147;<U>Purchase Price Escrow Fund</U>&#148;) to be held in escrow pursuant to the terms of this Agreement and the Escrow Agreement; and </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:2%; text-indent:10%; font-size:10pt; font-family:Times New Roman">(ii) secure the indemnity obligations of Sellers to the Buyer Indemnitees in accordance with <U>Article X</U>, on the Closing
Date, a portion of the Earnest Money Escrow Fund that is equal to the Indemnity Escrow Amount shall be retained by the Escrow Agent (such amount retained by the Escrow Agent following the Closing Date, together with all interest, dividends and other
income earned thereon while in the custody of the Escrow Agent from and after the Closing Date, the &#147;<U>Indemnity Escrow Fund</U>&#148;) to be held in escrow pursuant to the terms of this Agreement and the Escrow Agreement. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) <U>Distribution of Purchase Price Escrow Fund and Indemnity Escrow Fund</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:2%; text-indent:10%; font-size:10pt; font-family:Times New Roman">(i) Upon Buyer becoming entitled to a distribution of all or a portion of the Purchase Price Escrow Fund pursuant to
<U>Section&nbsp;2.3(d)(i)</U>, the Escrow Agent shall deliver out of the Purchase Price Escrow Fund (A)&nbsp;first, to the Audit Firm an amount in cash equal to the Audit Fees payable to the Audit Firm by Buyer in accordance with
<U>Section&nbsp;2.3(f)</U>, if any, up to an amount equal to the Aggregate Consideration Deficit, (B)&nbsp;second, to Buyer cash in an amount equal to the Aggregate Consideration Deficit, less the amount, if any, paid to the Audit Firm pursuant to
clause <U>(A)</U>, (C)&nbsp;third, to the Audit Firm an amount in cash equal to the Audit Fees payable to the Audit Firm by Sellers in accordance with <U>Section&nbsp;2.3(f)</U>, if any, and (D)&nbsp;then, to the extent any funds remain in the
Purchase Price Escrow Fund, 50% of the balance of the Purchase Price Escrow Fund to each Seller. If the sum of clauses <U>(A)</U>&nbsp;and <U>(B)</U>&nbsp;of the preceding sentence is greater than the amount of cash in the Purchase Price Escrow Fund
(such excess, the &#147;<U>Escrow Cash Shortfall</U>&#148;), then, in addition to the cash distribution as provided in clauses <U>(A)</U>&nbsp;and <U>(B)</U>&nbsp;of the preceding sentence, each Seller shall deliver to Buyer, within ten
(10)&nbsp;days after written notice of an Escrow Cash Shortfall to such Sellers, an amount in cash equal to 50% of the Escrow Cash Shortfall and Buyer shall be entitled to indemnification under <U>Section&nbsp;10.3(a)</U> to the extent, and solely
to the extent, such amounts are not paid by Sellers. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:2%; text-indent:10%; font-size:10pt; font-family:Times New Roman">(ii) If Buyer is not entitled to a distribution of the Purchase
Price Escrow Fund pursuant to <U>Section&nbsp;2.3(d)(i)</U>, the Escrow Agent shall deliver out of the Purchase Price Escrow Fund, first, to the Audit Firm an amount in cash equal to the Audit Fees payable to the Audit Firm by Sellers in accordance
with <U>Section&nbsp;2.3(f)</U>, if any, and then 50% of the balance of the Purchase Price Escrow Fund to each Seller. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:2%; text-indent:10%; font-size:10pt; font-family:Times New Roman">(iii) Upon any Buyer Indemnitee becoming entitled to a distribution of all or a portion of the Indemnity Escrow Fund pursuant
to <U>Article X</U>, then, subject to <U>Section&nbsp;10.4</U>, the Escrow Agent shall deliver to the appropriate Buyer Indemnitee out of the Indemnity Escrow Fund an amount in cash equal to the Loss suffered by such Buyer Indemnitee, subject to
<U>Section&nbsp;10.4</U>, up to the then remaining balance of the Indemnity Escrow Fund. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">7 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:10%; font-size:10pt; font-family:Times New Roman">(iv) On June&nbsp;1, 2014 (the &#147;<U>Escrow Termination Date</U>&#148;), the
Escrow Agent shall distribute to each Seller 50% of the cash remaining in the Indemnity Escrow Fund then held by the Escrow Agent, if any, subject to adjustment pursuant to <U>Section&nbsp;10.5(c)</U>; <U>provided</U>, <U>however</U>, that if any
Claim brought by a Buyer Indemnitee pursuant to and in accordance with <U>Article X</U> has not been resolved by Final Resolution as of such date (each such Claim, a &#147;<U>Holdover Claim</U>&#148;), then the amount of cash to be distributed shall
be reduced by an amount equal to the total amount of all Holdover Claims. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:2%; text-indent:10%; font-size:10pt; font-family:Times New Roman">(v) Upon Final Resolution of a Holdover Claim
and delivery to the applicable Buyer Indemnitee of the cash to be delivered to such Buyer Indemnitee pursuant to <U>Article X</U> with respect to such Holdover Claim, if any, the Escrow Agent shall distribute to each Seller out of the Indemnity
Escrow Fund then held by the Escrow Agent an amount equal to 50% of the excess of the amount of cash withheld pursuant to the proviso in <U>Section&nbsp;2.5(b)(iv)</U> with respect to such Holdover Claim over the amount of cash distributed to the
Buyer Indemnitees with respect to such Holdover Claim, subject to adjustment pursuant to <U>Section&nbsp;10.5(c)</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:2%; text-indent:10%; font-size:10pt; font-family:Times New Roman">(vi) Upon Final Resolution of all Holdover Claims and delivery to the applicable Buyer Indemnitee of the cash to be delivered
to such Buyer Indemnitee pursuant to <U>Article X</U> with respect to the Holdover Claims, if any, the Escrow Agent shall distribute to each Seller 50% of the cash remaining in the Indemnity Escrow Fund then held by the Escrow Agent, if any, subject
to adjustment pursuant to <U>Section&nbsp;10.5(c)</U>. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) For federal and state income Tax purposes, Buyer and Sellers agree to treat the
Escrow Fund in accordance with Proposed Treasury Regulation Section&nbsp;1.468B-8. Accordingly, unless and until any amounts are distributed out of the Escrow Fund to Sellers, Buyer shall be treated as the owner of the Escrow Fund and thus shall
take into account in filing its income Tax Returns all items of income, gain, loss or deduction with respect to such amount in accordance with Proposed Treasury Regulation Section&nbsp;1.468B-8. Any amount distributed from the Escrow Fund to Sellers
shall be treated as a payment pursuant to Buyer&#146;s obligation to Sellers arising from Sellers&#146; sale of property to which the installment provisions of Section&nbsp;453 of the Code, and the unstated interest provisions of Section&nbsp;483 or
1274 of the Code, apply. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2.6 <U>Written Instructions</U>. Each Seller and Buyer hereby covenants and agrees that when any Person becomes
entitled to any distribution from the Escrow Fund pursuant to any provision of this Agreement, each such Party shall promptly, and in any event within the applicable period specified in <U>Section&nbsp;2.6(b)</U>, execute and deliver to the Escrow
Agent joint written instructions setting forth the amounts to be paid from the Escrow Fund in accordance with this Agreement, including <U>Section&nbsp;10.5(c)</U>, and all other means of calculating amounts due under this Agreement (a
&#147;<U>Joint Direction</U>&#148;). Each Party agrees to confer as promptly as practicable and use its reasonable best efforts to reach agreement as to the calculation of and entitlement to such amounts. In furtherance and not in limitation of the
foregoing: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) if any Party shall fail to execute and deliver a Joint Direction within the time specified in this <U>Section&nbsp;2.6</U>,
any of Sellers or Buyer or any Buyer Indemnitee, as applicable, shall be entitled to receive distributions from the Escrow Fund from the Escrow Agent promptly upon delivery to the Escrow Agent of a written instruction, order or judgment issued or
entered by a court of competent jurisdiction setting forth the amount of Losses or the amount to be paid to such Person; and </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">8 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) each Seller and Buyer covenants and agrees jointly to instruct the Escrow Agent in writing:
</P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:2%; text-indent:10%; font-size:10pt; font-family:Times New Roman">(i) within two (2)&nbsp;Business Days after the Closing to distribute any amounts due from the Earnest Money Escrow Fund
(less any amount due to the Escrow Agent pursuant to the Escrow Agreement) to Buyer pursuant to <U>Section&nbsp;2.4(a)(iii)</U>; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:2%; text-indent:10%; font-size:10pt; font-family:Times New Roman">(ii) within two (2)&nbsp;Business Days after any termination of this Agreement (A)&nbsp;by Seller(s) as provided in
<U>Section&nbsp;2.4(b)</U>, to distribute (x)&nbsp;to each Seller, 50% of the Earnest Money Escrow Amount portion of the Earnest Money Escrow Fund and (y)&nbsp;to Buyer, the balance of the Earnest Money Escrow Fund (less any amount due to the Escrow
Agent pursuant to the Escrow Agreement), and (B)&nbsp;by Buyer or Sellers as provided in <U>Section&nbsp;2.4(c)</U>, to distribute the Earnest Money Escrow Fund (less any amount due to the Escrow Agent pursuant to the Escrow Agreement) to Buyer;
</P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:2%; text-indent:10%; font-size:10pt; font-family:Times New Roman">(iii) within five (5)&nbsp;Business Days after the final determination of the Final Closing Statement, to make any and
all cash distributions of the Purchase Price Escrow Fund to either Sellers or Buyer required by <U>Section&nbsp;2.5(b)(i)</U> or <U>Section&nbsp;2.5(b)(ii)</U>; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:2%; text-indent:10%; font-size:10pt; font-family:Times New Roman">(iv) if applicable, within five (5)&nbsp;Business Days after the determination by the Audit Firm of Net Working Capital,
Expenses (to the extent not paid prior to the Measurement Time) or the Cash Amount, as applicable, to release to the Audit Firm out of the Purchase Price Escrow Fund the amount payable to the Audit Firm by Sellers, if any, required by
<U>Section&nbsp;2.5(b)(i)</U> or <U>Section&nbsp;2.5(b)(ii)</U>; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:2%; text-indent:10%; font-size:10pt; font-family:Times New Roman">(v) within five (5)&nbsp;Business Days after a Buyer
Indemnitee, if any, becomes entitled to a distribution of all or a portion of the Indemnity Escrow Fund pursuant to <U>Article X</U>, to make the cash distribution required by <U>Section&nbsp;2.5(b)(iii)</U>; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:2%; text-indent:10%; font-size:10pt; font-family:Times New Roman">(vi) promptly upon the Escrow Termination Date to make the cash distributions of the Indemnity Escrow Fund, if any, required
by <U>Section&nbsp;2.5(b)(iv)</U>; and </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:2%; text-indent:10%; font-size:10pt; font-family:Times New Roman">(vii) if applicable, within five (5)&nbsp;Business Days after the Final Resolution
of Holdover Claims, to make cash distributions of the Indemnity Escrow Fund pursuant to <U>Section&nbsp;2.5(b)(v)</U> or <U>Section&nbsp;2.5(b)(vi)</U>, as applicable. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2.7 <U>Purchase Price Allocation</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) Newco shall be treated for federal, state and local income Tax purposes as a continuation of Crude JV, and the sale and purchase of the
Interests shall be treated for federal, state and local income Tax purposes as the sale and purchase of the assets of Crude JV (except that for Tax purposes in the State of Texas the sale and purchase shall be treated as a sale of the Interests) and
no Party or any Affiliate thereof shall take any federal, state or local income or franchise Tax position inconsistent with such treatment. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">9 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) The Cash Amount (and all other amounts treated as consideration for federal income Tax
purposes) shall be allocated in accordance with <B><U>Schedule 2.7</U></B> (the&nbsp;&#147;<U>Preliminary Asset Allocation</U>&#148;). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c)
No later than one hundred twenty (120)&nbsp;days after the Closing Date, Buyer shall prepare and deliver to Sellers for Sellers&#146; review and approval (such approval not to be unreasonably withheld, conditioned or delayed), a copy of the Form
8594 and any required exhibits thereto (the &#147;<U>Allocation Schedule</U>&#148;) allocating the Cash Amount (and all other amounts treated as consideration for federal income Tax purposes) among Crude JV&#146;s assets in a manner consistent with
the Preliminary Asset Allocation. Buyer shall prepare and deliver to Sellers, from time to time, for Sellers&#146; review and approval (such approval not to be unreasonably withheld, conditioned or delayed), revised copies of the Allocation Schedule
(the &#147;<U>Revised Allocation Schedules</U>&#148;) so as to reflect any matters on the Allocation Schedule that need updating (including adjustments to the Cash Amount pursuant to <U>Section&nbsp;2.3(d)</U>, if any). The Allocation Schedule and
the Revised Allocation Schedules shall be reasonable and shall be prepared in accordance with Section&nbsp;1060 of the Code and the Treasury Regulations promulgated thereunder and in a manner consistent with the Preliminary Asset Allocation. Within
thirty (30)&nbsp;days of delivery of the Allocation Schedule or the Revised Allocation Schedules, as the case may be, Sellers shall review such statements; and if Sellers agree on the allocation of the Cash Amount (and all other amounts treated as
consideration for federal income Tax purposes) (which shall be evidenced by an Allocation Schedule or the Revised Allocation Schedules signed by Buyer and each Seller), Buyer, Newco, Sellers, and their respective Affiliates shall file all Tax
Returns in a manner consistent with such agreed allocation and shall take no Tax position inconsistent therewith. The Parties shall negotiate in good faith to reach agreement on the allocation as set forth in such Allocation Schedule or Revised
Allocation Schedule. In the event that Buyer and Sellers are unable to agree on such allocation within thirty (30)&nbsp;days after the delivery of the Allocation Schedule or the Revised Allocation Schedules, as the case may be, then (i)&nbsp;Buyer
or either Seller may submit such dispute to the Audit Firm and follow such dispute resolution procedures as are set forth in <U>Section&nbsp;2.3(c)</U>, <I>mutatis mutandis</I>, (ii)&nbsp;in connection with such engagement, Buyer, Sellers and Crude
JV shall execute any engagement, indemnity and other agreements as the Audit Firm may require as a condition to such engagement and (iii)&nbsp;until such Allocation Schedule or Revised Allocation Schedules are finally determined pursuant to the
terms of this Agreement, none of Buyer, Newco, Sellers nor any of their Affiliates shall be required, pursuant hereto, to file any Tax Returns or otherwise take any positions consistent with such allocation, except that they shall take no Tax
position inconsistent with the Preliminary Asset Allocation. The Parties shall instruct the Audit Firm that its determination must be consistent with the Preliminary Asset Allocation, and none of the Parties shall be bound by any determination of
the Audit Firm that is inconsistent with the Preliminary Asset Allocation. The fees of the Audit Firm payable in connection with the dispute resolution will be paid 50% by Buyer and 50% by Sellers (apportioned equally among the Sellers,
<U>provided</U>, that if only one Seller disputes the allocation, such Seller shall bear the entire amount). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2.8 <U>Withholding</U>. Buyer
shall be entitled to deduct and withhold from the Cash Amount all Taxes that Buyer is required to deduct and withhold under any provision of any Tax Laws or Regulations; <U>provided</U>, <U>however</U>, that Buyer will provide two (2)&nbsp;Business
Days&#146; notice to Seller prior to withholding to give Sellers an opportunity to provide additional information or to apply for an exemption from, or a reduced rate of, withholding. All such withheld amounts shall be treated as delivered to
Sellers hereunder. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">10 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE III </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>REPRESENTATIONS AND WARRANTIES OF SELLERS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Subject to the limitations set forth in <U>Article X</U>, each Seller, severally and not jointly with the other Seller, represents and
warrants as to itself to Buyer as follows: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">3.1 <U>Organization, Good Standing and Authority of Sellers</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) Such Seller is, (i)&nbsp;in the case of Wildcat, a limited liability company formed under the Laws of the State of Texas and its right to
transact business in Texas is active and (ii)&nbsp;in the case of Approach, a limited liability company duly formed, validly existing and in good standing under the Laws of the State of Delaware, and such Seller has all requisite power and authority
to own, lease and operate its properties and to carry on its business as now being conducted. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) Such Seller has the full right, power
and authority to enter into this Agreement and the Transaction Documents to which it shall be a party and to carry out its obligations hereunder and thereunder and to consummate the transactions contemplated hereby and thereby, including the
transfer, conveyance and sale to Buyer at the Closing of the Interests owned by it through Newco. The execution, delivery and performance of this Agreement and the other Transaction Documents to which it is or is intended to be a party have been
duly authorized by all requisite limited liability company action on the part of such Seller. This Agreement and the other Transaction Documents to which such Seller is or shall be a party have been or will be duly executed and delivered by such
Seller, and (assuming due authorization, execution and delivery hereof by the other parties hereto and thereto) such Transaction Documents constitute or will, if not yet executed, at Closing constitute, legal, valid and binding obligations of such
Seller, enforceable against such Seller in accordance with their terms, subject to the Enforceability Exceptions. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">3.2 <U>Title to
Interests</U>. Such Seller has good and valid record and beneficial title to 50% of the Interests, free and clear of any and all Liens. The Interests owned by such Seller constitute all of the Equity Interests of Crude JV held of record or
beneficially owned by such Seller. Upon the Closing, Buyer will acquire good title to all of the Interests of Crude JV owned by such Seller, free and clear of any Liens, other than any Liens created pursuant to applicable securities Laws or Liens in
favor of the holders of the Interests pursuant to the terms of the organization documents of Crude JV. Such Seller is not a party to (i)&nbsp;any option, warrant, purchase right or other Contract (other than this Agreement, the LLC Agreement and as
contemplated by the Restructuring) that could require such Seller or, after the Closing, Buyer, to sell, transfer or otherwise dispose of any Equity Interest of Crude JV or (ii)&nbsp;any voting trust, proxy or other agreement or understanding with
respect to the voting or transfer (other than this Agreement, the LLC Agreement and as contemplated by the Restructuring) of any Equity Interest of Crude JV. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">11 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">3.3 <U>No Conflicts</U>. Neither the execution and delivery by such Seller of this Agreement, any
other Transaction Documents to which such Seller is or shall be a party or any instrument required hereby or thereby to be executed and delivered by it at Closing nor the performance by such Seller of its obligations hereunder or thereunder will
require any notice or consent under, conflict with, violate or breach the terms of, cause a default (with or without notice or lapse of time or both) or give rise to a right of termination, cancellation or acceleration of any obligation or to the
loss of a benefit under, or result in the creation of any Lien on any of such Seller&#146;s Interests under (i)&nbsp;the Organizational Documents of such Seller, (ii)&nbsp;any Contract or other instrument to which such Seller is a party or by which
it or any of its properties or assets are bound, or (iii)&nbsp;assuming the consents, approvals, authorizations or permits and filings or notifications referred to in <U>Section&nbsp;4.3</U> (including any applicable filings required under, and
compliance with any other applicable requirements of, the HSR Act) are duly and timely obtained, any Law, Regulation or Order applicable to such Seller. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">3.4 <U>Litigation</U>. There is no Proceeding pending, or, to the Knowledge of such Seller, threatened against or affecting such Seller that,
individually or in the aggregate, could reasonably be expected to have a material adverse effect on the ability of such Seller to perform its obligations under or consummate the transactions contemplated by the Transaction Documents to which it is
or will be a party. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">3.5 <U>Broker&#146;s or Finder&#146;s Fees</U>. Other than fees payable to Barclays Capital Inc.
(&#147;<U>Barclays</U>&#148;) pursuant to that certain letter agreement by and between Barclays and Crude JV, dated as of July&nbsp;26, 2013 (the &#147;<U>Barclays Engagement Letter</U>&#148;), no investment banker, broker, finder or other Person is
entitled to any brokerage or finder&#146;s fee or similar commission in respect of the transactions contemplated by this Agreement or any Transaction Document based in any way on agreements, arrangements or understandings made by or on behalf of
such Seller or any of its Affiliates. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE IV </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>REPRESENTATIONS AND WARRANTIES OF CRUDE JV </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Subject to the limitations set forth in <U>Article X</U>, Crude JV represents and warrants to Buyer as follows, except as set forth in the
Disclosure Letter: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">4.1 <U>Organization, Good Standing and Authority; Capitalization of Crude JV</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) Crude JV is a limited liability company formed under the Laws of the State of Texas and its right to transact business in Texas is active,
and Crude JV has all requisite limited liability company power and authority to own, lease and operate its properties and to carry on its business as now being conducted. Crude JV is licensed or qualified to do business and is in good standing or
has a right to transact business in each jurisdiction in which the properties owned or leased by it or the operation of its business as currently conducted makes such licensing or qualification necessary. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) Crude JV has the full right, power and authority to enter into this Agreement and the Transaction Documents to which it shall be a party
and to carry out its obligations hereunder and thereunder and to consummate the transactions contemplated hereby and thereby. The execution, delivery and performance of this Agreement and the other </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">12 </P>


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Transaction Documents to which it is or is intended to be a Party have been duly authorized by all requisite limited liability company action on the part of Crude JV. This Agreement and the other
Transaction Documents to which it is or shall be a Party have been or will be duly executed and delivered by Crude JV, and (assuming due authorization, execution and delivery hereof by the other parties hereto and thereto) such Transaction Documents
constitute or will, if not yet executed, at Closing constitute, legal, valid and binding obligations of Crude JV, enforceable against Crude JV in accordance with their terms, subject to the Enforceability Exceptions. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) The Interests owned of record by Sellers as of the date hereof and prior to the consummation of the Restructuring collectively constitute
all of the outstanding Equity Interests in Crude JV. Following the Restructuring, (i)&nbsp;Sellers will own all of the issued and outstanding Equity Interests in Newco, (ii)&nbsp;the Interests owned by Newco will constitute all of the Equity
Interests of Crude JV held of record or beneficially owned by Newco and will collectively constitute all of the outstanding Equity Interests in Crude JV, and (iii)&nbsp;upon the Closing, Buyer will acquire good title to all of the Interests of Crude
JV owned by Newco, free and clear of any Liens, other than any Liens created pursuant to applicable securities Laws or Liens in favor of the holders of the Interests pursuant to the terms of the organization documents of Crude JV. Newco will not be
a party to (A)&nbsp;any option, warrant, purchase right or other Contract (other than as contemplated by this Agreement and the Restructuring) that could require Newco, or, after the Closing, Buyer, to sell, transfer or otherwise dispose of any
Equity Interest of Crude JV or (B)&nbsp;any voting trust, proxy or other agreement or understanding with respect to the voting or transfer of any Equity Interest of Crude JV. All the outstanding membership interests of Crude JV have been duly
authorized and validly issued and were not issued in violation of any preemptive rights, preferential rights of subscription or purchase or similar rights of any Person. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) Crude JV does not own, directly or indirectly, an Equity Interest in any other Person. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(e) Crude JV has made available to Buyer true and complete copies of the Organizational Documents of Crude JV. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">4.2 <U>No Conflicts</U>. Neither the execution and delivery by Crude JV of this Agreement, any other Transaction Documents to which Crude JV is
or shall be a party or any instrument required hereby or thereby to be executed and delivered by it at Closing nor the performance by Crude JV of its obligations hereunder or thereunder will conflict with, violate or breach the terms of, cause a
default (with or without notice or lapse of time or both) or give rise to a right of termination, cancellation or acceleration of any obligation or to the loss of a material benefit under, or result in the creation of any Lien on any of the Assets
under, or otherwise result in a material detriment to Crude JV under, any provision of (i)&nbsp;the Organizational Documents of Crude JV (as amended to date), (ii)&nbsp;any Contract, instrument, permit, concession, franchise or license to which
Crude JV is a party or by which or to which any of its properties or assets are bound or subject, or (iii)&nbsp;assuming the consents, approvals, authorizations or permits and filings or notifications referred to in <U>Section&nbsp;4.3</U>
(including any applicable filings required under, and compliance with any other applicable requirements of, the HSR Act) are duly and timely obtained or made, any Law, Regulation or Order applicable to Crude JV or any of its respective properties or
assets, other than, in the case of clauses <U>(ii)</U>&nbsp;and <U>(iii)</U>, as would not constitute a Material Adverse Effect. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">13 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">4.3 <U>Consents and Authorizations</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) Except for <FONT STYLE="white-space:nowrap">(i)&nbsp;Post-Closing</FONT> Notifications, (ii)&nbsp;any Notifications set forth in
<U>Section&nbsp;4.3(a)(ii) of the Disclosure Letter</U> (the &#147;<U>Required Notifications</U>&#148;), (iii)&nbsp;any Third-Party Consent set forth in <U>Section&nbsp;4.3(a)(iii) of the Disclosure Letter</U> (a &#147;<U>Required Third-Party
Consent</U>&#148;), (iv)&nbsp;any Authorizations set forth in <U>Section&nbsp;4.3(a)(iv) of the Disclosure Letter</U>, and (v)&nbsp;any applicable filings required under, and compliance with any other applicable requirements of, the HSR Act, no
material Authorization, Notification or Third-Party Consent is necessary for Crude JV to execute, deliver and perform its obligations under this Agreement and the other Transaction Documents to which it is or it shall be a party. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) <U>Section&nbsp;4.3(b)(i) of the Disclosure Letter</U> lists all material Authorizations issued to Crude JV or Wildcat Operating in
connection with or otherwise relating to the ownership, operation or use of the Assets, including the name of each such Authorization, its date of issuance and its date of expiration. Except as listed on <U>Section&nbsp;4.3(b)(ii) of the Disclosure
Letter</U>, the Authorizations listed on <U>Section&nbsp;4.3(b)(i) of the Disclosure Letter</U> are held by Crude JV and, except for any Authorizations required to be issued by the FERC, constitute all material Authorizations as are necessary for
Crude JV to carry on its business as currently conducted. Crude JV is in compliance with such Authorizations in all material respects and, as of the date of this Agreement, all material fees and charges with respect to such Authorizations due and
payable have been paid in full. Crude JV has not received from any Governmental Authority written notification that any such Authorizations (A)&nbsp;are not in full force and effect, (B)&nbsp;have been violated in any material respect or
(C)&nbsp;are subject to any suspension, revocation, modification or cancellation. There is no Proceeding pending or, to the Knowledge of Crude JV, threatened regarding suspension, revocation, modification or cancellation of any of such
Authorizations. None of the Authorizations listed on <U>Schedule 4.3(b) of the Disclosure Letter</U> will be modified, suspended or cancelled as a result of the consummation of the transactions contemplated by this Agreement. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">4.4 <U>Properties</U>. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) Crude
JV insofar as it relates to all Persons claiming by, through or under Crude JV or any Affiliate of Crude JV, but not otherwise, has the title or right, free and clear of all Title Defects other than Permitted Encumbrances, to all Real Property
Interests as set forth in the applicable real property instrument for each Real Property Interest;<U> provided</U>, <U>however</U>, some of the Real Property Interests granted to, or held by, Crude JV (or its predecessors in interest) cross or
provide rights to properties that are subject to Liens in favor of third parties that have not been subordinated to the Real Property Interests. <U>Section&nbsp;4.4(a) of the Disclosure Letter</U> sets forth a true and complete list and summary
description (including property location) of the Real Property Interests. The Pipeline Assets, to the extent located on lands owned by third parties, are covered by recorded Easements or leasehold rights in favor of Crude JV. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) Crude JV (i)&nbsp;has such title, right or interest in and to the Pipeline Assets as is sufficient to enable Crude JV to own and operate
the Pipeline Assets as currently conducted without material interference, free and clear of all Title Defects, and (ii)&nbsp;owns or holds by </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">14 </P>


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leaseholds, permits or Contracts all of the other assets reflected in the Balance Sheet (other than any assets reflected in the Balance Sheet that have been sold or otherwise disposed of since
the date of the Balance Sheet without breaching <U>Section&nbsp;6.1(c)</U>), excluding Real Property Interests and Pipeline Assets, free and clear of all Title Defects. As of the date of this Agreement, Crude JV has not received any written notice
of any claim asserting the existence of a Title Defect in connection with any material Assets. To the Knowledge of Crude JV: (x)&nbsp;all pipelines operated by Crude JV are located on lands subject to contiguous Easements; and (y)&nbsp;there are no
gaps (including any gap arising as a result of any breach by Crude JV of the terms of any such Easement) in such Easements. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) The Assets
constitute all of the assets, rights and properties, tangible or intangible, real or personal, that are used or necessary for use in connection with the operation of the business of Crude JV consistent with past practice and as currently operated.
There are no preferential rights, rights of first refusal, rights of first offer or similar rights to purchase or with respect to the sale of any material Asset or material portion of the Assets. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) As of the date of this Agreement, neither Sellers nor Crude JV have received any written notice of default under, or termination of, any
material real property lease or Easement. Crude JV is not in default, and, to the Knowledge of Crude JV, no other party to any material real property lease or Easement is in default of any material real property lease or Easement. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(e) The assets of Crude JV that are tangible assets are, in all material respects, in good operating and working order, repair and condition,
subject to ordinary wear and tear. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(f) True and complete copies of the Easements held by Crude JV as of the date of this Agreement have
been made available to Buyer. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">4.5 <U>Easements</U>. There is not (i)&nbsp;any&nbsp;material breach or event of default on the part of
Crude JV with respect to any Easement, (ii)&nbsp;to the Knowledge of Crude JV, as of the date of this Agreement, any material breach or event of default on the part of any other party to any Easement, or (iii)&nbsp;any&nbsp;event that, with the
giving of notice or lapse of time or both, would constitute such material breach or event of default on the part of Crude JV with respect to any Easement, or, as of the date of this Agreement and to the Knowledge of Crude JV, on the part of any
other party thereto, in each case, to the extent any such breach or event of default, individually or in the aggregate, that (A)&nbsp;materially interferes with the use of the Pipeline Assets as currently conducted or (B)&nbsp;constitutes a Material
Adverse Effect. To the Knowledge of Crude JV, the Easements are in full force and effect and are valid and enforceable against the parties thereto in accordance with their terms (subject to the Enforceability Exceptions). All rental and other
material payments due thereunder by Crude JV have been duly paid in accordance with the terms of the Easements except to the extent that a failure to do so, individually or in the aggregate, does not materially interfere with the use of the Pipeline
Assets covered thereby as currently conducted. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">15 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">4.6 <U>Taxes</U>. Except as set forth on <U>Section&nbsp;4.6 of the Disclosure Letter</U>: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) All income and other material Tax Returns required to be filed by or with respect to Crude JV have been filed when due. All such Tax
Returns were true, correct, and complete in all material respects. All material amounts of Taxes of Crude JV have been paid when due. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b)
Crude JV has withheld or collected all material Taxes that Crude JV has been required to withhold or collect with respect to Crude JV and, to the extent required when due, have timely paid such Taxes to the proper taxing authority. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) There are no Tax Liens on the assets of Crude JV, other than Permitted Encumbrances. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) There are no written claims by any taxing authority in a jurisdiction where Crude JV does not file Tax Returns that Crude JV (or any of the
assets of Crude JV) may be subject to taxation by that jurisdiction. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(e) There are (i)&nbsp;no asserted or threatened claims, deficiencies
or assessments of Taxes from any taxing authority with respect to Crude JV or the assets of Crude JV and (ii)&nbsp;no ongoing audits or examinations of any Taxes or Tax Returns relating to Crude JV or the assets of Crude JV and no such audit or
examination is threatened in writing. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(f) Neither Sellers nor Newco is a &#147;foreign person&#148; as defined in Section&nbsp;1445 of the
Code. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(g) Crude JV (i)&nbsp;is not a party to or bound by any Tax allocation, sharing or indemnity agreement or arrangement,
(ii)&nbsp;does not have any outstanding, agreements, consents or waivers extending the statutory period of limitations applicable to the payment or assessment of any Taxes or the filing of any Tax Return, and (iii)&nbsp;does not have any Liability
for the Taxes of another Person under Treasury Regulation &#167; 1.1502-6 (or any corresponding provisions of state, local or foreign Tax Law or Regulation), or as a transferee or successor, or by Contract or otherwise. None of Crude JV&#146;s
assets are subject to any Tax partnership agreement. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(h) No extensions or waivers of statutes of limitations have been given or requested
with respect to any Taxes of Crude JV. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(i) Crude JV is, and has been since the date of its organization, classified as a partnership or a
disregarded entity for U.S. federal income Tax purposes. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">4.7 <U>Compliance with Laws</U>. Crude JV (i)&nbsp;is in compliance in all
material respects with all applicable Laws and Regulations and (ii)&nbsp;has not received written notice from any Governmental Authority that it is not in compliance in any material respect with any applicable Law or Regulation. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">4.8 <U>Insurance</U>. <U>Section&nbsp;4.8 of the Disclosure Letter</U> sets forth a list, including the name of the insurer, the risks insured,
and related limits, of the insurance policies maintained by Crude JV as of the date of this Agreement. To the Knowledge of Crude JV, all such policies are in full force and effect. As of the date of this Agreement, there is no material claim
outstanding under any such insurance policy and, to the Knowledge of Crude JV, no event has occurred, and </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">16 </P>


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no circumstance or condition exists, that has given rise to or serves as the basis for or (with or without notice or lapse of time) could reasonably be expected to give rise to or serve as the
basis for any such claim under any such policy. Crude JV has not received any written notice from any insurer or reinsurer of any reservation of rights with respect to pending or paid claims. Crude JV is not in default under, and has not failed to
comply with, in any material respect, any provision contained in any such policy. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">4.9 <U>Material Contracts</U>. <U>Section&nbsp;4.9 of
the Disclosure Letter</U> contains a list of all Material Contracts as of the date of this Agreement. A copy of each Material Contract that is true, correct and complete in all material respects has been made available to Buyer. Crude JV has not
received from any other party to a Material Contract any written notice of any breach or violation by Crude JV of any Material Contract. To the Knowledge of Crude JV, no event has occurred which (with notice or lapse of time, or both) would
constitute a material default or event of default by Crude JV under the terms of any Material Contract. Crude JV has performed its obligations under the Material Contracts in all material respects. Subject to any Enforceability Exceptions,
(i)&nbsp;each of the Material Contracts is enforceable and in full force and effect and constitutes a legal, valid and binding obligation of Crude JV and, to the Knowledge of Crude JV, each other party thereto, and (ii)&nbsp;to the Knowledge of
Crude JV, no other party to any Material Contract is in material breach of the terms, provisions or conditions of such Material Contract. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">4.10 <U>Intellectual Property</U>. There are no material trademarks, trade names, patents, service marks, brand names, computer programs,
databases, formulas, industrial designs, know-how, inventions, copyrights, logos, internet domain names or other intangible property, whether registered or unregistered (&#147;<U>Intellectual Property</U>&#148;), that are necessary for the
operation, maintenance or continued operation, of the business of Crude JV as currently conducted in all material respects, or for the ownership, maintenance and operation, or continued ownership and operation, of any assets of Crude JV, for which
Crude JV does not hold valid and continuing authority in connection with the use thereof. Crude JV has not received any written notice of infringement, misappropriation or conflict with respect to Intellectual Property from any Person with respect
to the operation of the assets of Crude JV. To the Knowledge of Crude JV, no other Person is infringing upon or misappropriating the Intellectual Property. No Proceeding is pending, or to the Knowledge of Crude JV, threatened alleging any such
infringement or misappropriation. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">4.11 <U>Broker&#146;s or Finder&#146;s Fees</U>. Other than fees payable by Sellers pursuant to the
Barclays Engagement Letter, no investment banker, broker, finder or other Person is entitled to any brokerage or finder&#146;s fee or similar commission in respect of the transactions contemplated by this Agreement or any Transaction Document based
in any way on agreements, arrangements or understandings made by or on behalf of Crude JV. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">4.12 <U>Employees</U>. Crude JV has no
employees. Crude JV has no liability with respect to (i)&nbsp;any individual who has performed services as an employee, consultant or contractor of Crude JV, or (ii)&nbsp;any &#147;employee benefit plan&#148; (as defined in Section&nbsp;186 of
ERISA) subject to ERISA. Crude JV has provided or otherwise made available to Buyer a list of those employees of Sellers or their Affiliates that perform services for Crude JV (each, a &#147;<U>Business Employee</U>&#148;) and each such Business
Employee&#146;s employing entity, job title, original hire date, visa status (if applicable), leave status (including nature and duration of leave and expected return date), bonus (if any) paid for the calendar year 2012 and current annualized
salary (or rate of pay). </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">17 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">4.13 <U>Financial Statements; Absence of Undisclosed Liabilities; Controls and Procedures</U>.
</P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) Crude JV has delivered to Buyer the following: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:2%; text-indent:10%; font-size:10pt; font-family:Times New Roman">(i) the audited balance sheet (the &#147;<U>Balance Sheet</U>&#148;) and related audited statement of operations, statement of
changes in members&#146; capital and statement of cash flow of Crude JV for the year ended December&nbsp;31, 2012 together with the notes thereto (the &#147;<U>Year End Financial Statements</U>&#148;); and </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:2%; text-indent:10%; font-size:10pt; font-family:Times New Roman">(ii) the unaudited balance sheet and related unaudited income statement of Crude JV (for the six-month period ended
June&nbsp;30, 2013) (the &#147;<U>Interim Financial Statements</U>&#148;). The Year End Financial Statements and the Interim Financial Statements are hereinafter referred to, collectively, as the &#147;<U>Financial Statements</U>.&#148; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) The Financial Statements have been prepared in accordance with the books and records of Crude JV in all material respects. Each balance
sheet included in the Financial Statements (including any related notes and schedules) fairly presents in all material respects the financial position of Crude JV, as of the date thereof, and each statement of operations, income statement, statement
of changes in members&#146; capital and statement of cash flow included in the Financial Statements (including any related notes and schedules) fairly presents in all material respects the results of operations, changes in members&#146; capital and
cash flow, as the case may be, of Crude JV for the periods set forth therein, in each case in accordance with GAAP, subject, in the case of the Interim Financial Statements, to normal year-end adjustments and the absence of notes or other textual
disclosures required under GAAP that are not, individually or in the aggregate, material. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) There are no Liabilities of Crude JV that
are not reflected or reserved against in the Interim Financial Statements, other than Liabilities that are (i)&nbsp;not required to be presented in unaudited interim financial statements prepared in conformity with GAAP, (ii)&nbsp;current
liabilities incurred in the ordinary course of business since June&nbsp;30, 2013, (iii)&nbsp;individually or in the aggregate, not material to Crude JV, taken as a whole and which, in any event, do not exceed $250,000 in the aggregate,
(iv)&nbsp;Liabilities expressly contemplated under this Agreement or (v)&nbsp;Liabilities for Expenses. Crude JV does not have any Indebtedness for borrowed money. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) Crude JV is not engaged in any natural gas or other futures or options trading or a party to any price swaps, hedges, futures or similar
instruments. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">4.14 <U>Environmental Matters</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) Except as set forth on <U>Schedule 4.14</U>, to the Knowledge of Crude JV, Crude JV is not in violation of any applicable Environmental Law
in any material respect. To the Knowledge of Crude JV, Crude JV has not received written notice from any Governmental Authority or other Third Person alleging that Crude JV is in violation of any Environmental Law in any material respect. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">18 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) None of the Real Property Interests and, to the Knowledge of Crude JV, none of any other
properties used by Crude JV in its ordinary course of business or the properties to which Hazardous Materials generated by Crude JV or as a result of the operations of Crude JV may have migrated or been transported is (i)&nbsp;listed on the CERCLA
National Priorities List or any other similar list of sites requiring environmental investigation or remediation maintained by any Governmental Authority or (ii)&nbsp;is the subject of any material remediation, removal, cleanup, investigation,
response action, claim, judgment, or enforcement action regarding any actual or alleged presence or Release of Hazardous Materials. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c)
Crude JV currently holds all material Authorizations required under any Environmental Law for its ownership, operation, or use of the Real Property Interests and the other Assets, and all such Authorizations held by Crude JV are in full force and
effect and there are no material outstanding or unresolved notices of violation or notices of noncompliance with respect to such Authorizations held by Crude JV. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) There are no material civil, criminal, or administrative actions, suits, demands, claims, hearings, Proceedings, or notices pending or, to
the Knowledge of Crude JV, threatened against Crude JV under any Environmental Law, including without limitation those related to allegations of economic loss, personal injury, illness, or damage to real or personal property or the environment. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(e) Except as would not reasonably be expected to have a Material Adverse Effect, (i)&nbsp;there has been no Release of Hazardous Materials in
contravention of Environmental Law by Crude JV or, to the Knowledge of Crude JV, by any other Person at any real property currently owned, operated or leased by Crude JV and (ii)&nbsp;to the Knowledge of Crude JV, there has been no Release of
Hazardous Materials in contravention of Environmental Law at any real property formerly owned, operated or leased by Crude JV. Neither Crude JV nor any Seller has received any written notice that any real property currently or formerly owned,
operated or leased in connection with the business of Crude JV (including soils, groundwater, surface water, buildings and other structure located on any such real property) has been contaminated with any Hazardous Material which reasonably could be
expected to result in Crude JV incurring material liability under Environmental Law. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(f) To the Knowledge of Crude JV, Crude JV has not
retained or assumed, by express provision in any Contract or by operation of Law as a result of any merger, consolidation or other similar transaction, any liabilities or obligations of any Third Person under any Environmental Law. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(g) Crude JV has provided or otherwise made available to Buyer any and all material environmental reports, studies, records, sampling data,
site assessments, risk assessments and other similar documents with respect to the business or assets of Crude JV or any currently or formerly owned, operated or leased real property which are in the possession or control of any Seller or Crude JV
related to compliance with Environmental Laws. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">19 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><B>EXCEPT AS SET FORTH IN THIS <U>SECTION 4.14</U>, NEITHER CRUDE JV NOR SELLERS MAKE ANY
REPRESENTATIONS OR WARRANTIES AS TO ENVIRONMENTAL MATTERS, COMPLIANCE WITH ENVIRONMENTAL LAWS OR ANY JUDGMENT, DECREE, ORDER, INJUNCTION OR WRIT OF ANY GOVERNMENTAL AUTHORITY ISSUED THEREUNDER OR RELATED THERETO OR SELLERS&#146;, CRUDE JV&#146;S, OR
THE ASSETS&#146; COMPLIANCE THEREWITH, THE RELEASE OF MATERIALS INTO THE ENVIRONMENT, THE PROTECTION OF HUMAN HEALTH, SAFETY, NATURAL RESOURCES OR THE ENVIRONMENT, OR ANY OTHER ENVIRONMENTAL CONDITION OF THE ASSETS, AND NOTHING IN THIS AGREEMENT,
ANY OTHER TRANSACTION DOCUMENT OR OTHERWISE SHALL BE CONSTRUED AS SUCH A REPRESENTATION OR WARRANTY, AND SUBJECT TO CRUDE JV&#146;S REPRESENTATIONS CONTAINED IN THIS <U>SECTION 4.14</U> AND WITHOUT PREJUDICE TO BUYER&#146;S RIGHTS WITH RESPECT TO
THE REMAINING COVENANTS, AGREEMENTS AND INDEMNITY OBLIGATIONS OF SELLERS AND CRUDE JV SET FORTH IN THIS AGREEMENT, BUYER SHALL BE DEEMED TO BE TAKING THE ASSETS &#147;AS IS&#148; AND &#147;WHERE IS&#148; WITH ALL FAULTS FOR PURPOSES OF THEIR
ENVIRONMENTAL CONDITION. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">4.15 <U>Litigation</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) There are no Proceedings pending or, to the Knowledge of Crude JV, threatened against Crude JV or the Assets. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) Neither Crude JV nor any of the Assets is subject to any outstanding Order (other than routine oil and gas field regulatory orders) or any
executory compliance or settlement agreement, conciliation agreement, memorandum of understanding, or letter of commitment with a Third Person. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">4.16 <U>Absence of Certain Changes</U>. Since April&nbsp;3, 2013, except as reflected in the Interim Financial Statements and
<U>Section&nbsp;4.16 of the Disclosure Letter</U>, (a)&nbsp;there has not occurred any event or development that has had, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect, and (b)&nbsp;Crude JV has
not acted or failed to act in a manner that would have been prohibited by <U>Section&nbsp;6.1</U> if the terms of <U>Section&nbsp;6.1</U> had been in effect as of and after such date. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">4.17 <U>Severance; Change of Control</U>. The execution, delivery and performance of, and consummation of the transactions contemplated by,
this Agreement and the Transaction Documents will not (either alone or in conjunction with any other event) entitle any current or former employee, director, officer, consultant, independent contractor, contingent worker or leased employee (or any
of their dependents, spouses or beneficiaries) of Crude JV to any (1)&nbsp;Severance Obligations, or (2)&nbsp;Change of Control Amounts. Further, Crude JV has not made any payments, is not obligated to make any payments, and is not a party to any
Contract that, under any circumstances, would obligate it to make any payments that would not be deductible under (or the deduction of which would be limited by) Section&nbsp;280G or 162(m) of the Code or would be subject to Tax under
Section&nbsp;409A of the Code. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">20 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">4.18 <U>Regulatory Matters</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) To the Knowledge of Crude JV, Crude JV is not subject to regulation by the Federal Energy Regulatory Commission (the
&#147;<U>FERC</U>&#148;). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) No approval by any state public utility commission (or equivalent state regulatory authority), including,
without limitation, the Texas Railroad Commission, is required in connection with the execution and delivery of this Agreement or the other Transaction Documents or the consummation of the transactions contemplated hereby or thereby the failure of
which to obtain would not reasonably be expected to have a Material Adverse Effect. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) Except as would not reasonably be expected to
result in a Material Adverse Effect, all filings required to be made by Law by Crude JV from and after the date of its formation with any applicable state regulatory commission or department with jurisdiction over Crude JV or the Assets, as the case
may be, have been made and have not been amended, including all forms, statements, reports, notices, agreements and all documents, exhibits, amendments and supplements appertaining thereto, including all rates, tariffs and related documents, and all
such filings complied, as of their respective dates, and, as amended or supplemented, with all applicable requirements of applicable statutes and the rules and regulations promulgated thereunder. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">4.19 <U>Customers and Suppliers</U>. Neither Sellers nor Crude JV have received any written notice that (a)&nbsp;any of the customers of Crude
JV has ceased, or intends to cease after the Closing, to use its goods or services or to otherwise terminate or materially reduce its relationship with Crude JV or (b)&nbsp;that any of the suppliers of Crude JV has ceased, or intends to cease, to
supply goods or services to Crude JV or to otherwise terminate or materially reduce its relationship with Crude JV. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">4.20 <U>Books and
Records</U>. The books and Records of Crude JV are complete in all material respects and fairly reflect in all material respects the transactions and dispositions of assets of Crude JV. The minute books of Crude JV contain records of all meetings,
and actions taken by written consent of, the members, the board of directors or board of managers, and any committees of the board of directors or board of managers, of Crude JV in all material respects. At the Closing, all books and Records of
Crude JV will be in the possession of Crude JV. All material books and Records of Crude JV have been made available to Buyer. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE V
</B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>REPRESENTATIONS AND WARRANTIES OF BUYER </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Subject to the limitation set forth in <U>Article X</U>, the Partnership and Buyer jointly and severally represent and warrant to Sellers as
follows: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">5.1 <U>Organization, Good Standing and Authority of Buyer</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) The Partnership is a Delaware limited partnership duly organized, validly existing and in good standing under the Laws of its jurisdiction
of organization with all requisite power and authority to own, lease and operate its properties and to carry on its business as now being conducted. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">21 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) Buyer is a Delaware limited liability company duly formed, validly existing and in good
standing under the Laws of its jurisdiction of organization with all requisite power and authority to own, lease and operate its properties and to carry on its business as now being conducted. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) Each of the Partnership and Buyer have the requisite right, power and authority to enter into this Agreement and the Transaction Documents
to which they shall be a party and to purchase the Interests from Sellers at the Closing. The execution, delivery and performance of this Agreement and the other Transaction Documents to which either the Partnership or Buyer is or is intended to be
a party have been duly authorized by all requisite partnership action or limited liability company action, as applicable, on the part of the Partnership and Buyer. This Agreement and the other Transaction Documents to which either the Partnership or
Buyer is or shall be a party have been or will be duly executed and delivered by such Party, and (assuming due authorization, execution and delivery hereof by the other parties hereto and thereto) such Transaction Documents constitute or will, if
not yet executed, at Closing constitute, legal, valid and binding obligations of such Party, enforceable against such Party in accordance with their terms, subject to the Enforceability Exceptions. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">5.2 <U>No Conflicts</U>. Neither the execution and delivery by either the Partnership or Buyer of this Agreement, any other Transaction
Documents to which such Party is or shall be a party or any instrument required hereby or thereby to be executed and delivered by it at Closing nor the performance by such Party of its obligations hereunder or thereunder will require any notice or
consent under, conflict with, violate or breach the terms of, cause a default (with or without notice or lapse of time or both) or give rise to a right of termination, cancellation or acceleration of any obligation or to the loss of a benefit under
(i)&nbsp;the Organizational Documents of the Partnership or Buyer, (ii)&nbsp;any material Contract or other instrument to which either the Partnership or Buyer is a party or by which such Party or any of such Party&#146;s properties or assets are
bound or (iii)&nbsp;assuming the consents, approvals, authorizations or permits and filings or notifications referred to in <U>Section&nbsp;4.3</U> (including any applicable filings required under, and compliance with any other applicable
requirements of, the HSR Act) are duly and timely obtained, any Law, Regulation or Order applicable to either such Party. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">5.3
<U>Litigation</U>. There is no Proceeding pending, or, to the Knowledge of Buyer, threatened against or affecting the Partnership or Buyer that, individually or in the aggregate, could reasonably be expected to have a material adverse effect on the
ability of the Partnership or Buyer to perform its obligations under or consummate the transactions contemplated by the Transaction Documents to which it is or will be a party. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">5.4 <U>Broker&#146;s or Finder&#146;s Fees</U>. No investment banker, broker, finder or other Person is entitled to any brokerage or
finder&#146;s fee or similar commission in respect of the transactions contemplated by this Agreement or any Transaction Document based in any way on agreements, arrangements or understandings made by or on behalf of Buyer or any of its Affiliates.
</P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">5.5 <U>Financial Ability</U>. The Partnership and Buyer, with the proceeds available to the Partnership and Buyer from ArcLight Energy
Partners Fund V, L.P. and/or its wholly owned subsidiary Lonestar Midstream Holdings, LLC, will have sufficient funds available to them to enable Buyer to satisfy all of its payment obligations under this Agreement, including without
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">22 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
limitation under <U>Section&nbsp;2.2(b)</U> and <U>Section&nbsp;2.2(c)</U>, and to consummate the transactions contemplated hereby. At the Closing, Buyer will have sufficient funds on hand to
enable Buyer to satisfy all of its payment obligations under this Agreement, including without limitation under <U>Section&nbsp;2.2(c)</U> and to consummate the transactions contemplated hereby. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">5.6 <U>Investment Intent</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) Buyer is acquiring the Interests for its own account for investment and not with a view to, or for sale in connection with, any
distribution thereof, nor with any present intention of distributing or selling the same; and Buyer does not have any present or contemplated agreement, undertaking, arrangement, obligation, indebtedness or commitment providing for the disposition
thereof. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) Buyer is an &#147;accredited investor&#148; within the meaning of Rule 501(a) under Regulation D of the Securities Act, and
has such knowledge and experience in financial and business matters so as to be capable of evaluating the merits and risks of its investment in the Interests and Crude JV, and Buyer is capable of bearing the economic risks of such investment and is
able to bear the complete loss of its investment in the Interests and Crude JV. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">5.7 <U>Independent Evaluation</U>. Each of the Partnership
and Buyer is knowledgeable of the oil and gas business and of the usual and customary practices of owners and operators of Hydrocarbon pipelines and related facilities, including those in the areas where the assets and operations of Crude JV are
located. Further, each of the Partnership and Buyer is capable of making such investigation, inspection, review and evaluation of the assets and operations of Crude JV as a prudent purchaser would deem appropriate under the circumstances including,
their value, operation and suitability. In making the decision to enter into this Agreement and consummate the transactions contemplated hereby, each of the Partnership and Buyer has relied solely upon the representations and warranties of Sellers
set forth in <U>Article&nbsp;III</U> of this Agreement, the representations and warranties of Crude JV set forth in <U>Article IV</U> of this Agreement, the representations and warranties in the Seller Certificates, its own independent due diligence
investigation of Crude JV, its assets and operations, and the terms and conditions of this Agreement. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE VI </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>COVENANTS </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">6.1 <U>Conduct
of Business</U>. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) Crude JV covenants and agrees that until the earlier of the Closing or the termination of this Agreement, unless
Buyer otherwise consents in writing, Crude JV shall, and each Seller shall take such actions as are within its control to cause Crude JV to: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:2%; text-indent:10%; font-size:10pt; font-family:Times New Roman">(i) operate in the usual and ordinary course of business consistent with past practice; and </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:2%; text-indent:10%; font-size:10pt; font-family:Times New Roman">(ii) preserve substantially intact its business organizations, use commercially reasonable efforts to maintain its rights,
privileges and immunities, and maintain its relationships with its customers and suppliers. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">23 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) Without limiting the foregoing, from the date hereof to the Closing or termination of this
Agreement, Crude JV shall, and each Seller shall not take any action to cause Crude JV not to: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:2%; text-indent:10%; font-size:10pt; font-family:Times New Roman">(i) use commercially
reasonable efforts to (A)&nbsp;maintain and to keep the tangible Assets in good repair and condition, ordinary wear and tear excepted and (B)&nbsp;defend and protect the intangible Assets from infringement or misappropriation; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:2%; text-indent:10%; font-size:10pt; font-family:Times New Roman">(ii) use commercially reasonable efforts to keep in full force and effect insurance applicable to its Assets and operations
comparable in amount and scope of coverage to that currently maintained; and </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:2%; text-indent:10%; font-size:10pt; font-family:Times New Roman">(iii) (A) keep and maintain accurate books,
Records and accounts, and (B)&nbsp;pay or accrue all Taxes imposed upon any of its assets or with respect to its franchises, business, or income when due and before any penalty or interest accrues thereon, except for any Taxes the validity of which
is being contested in good faith by appropriate legal proceedings and for which appropriate reserves have been established therefore in accordance with GAAP. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) Except as expressly contemplated by the terms of this Agreement (including the Restructuring), as otherwise set forth in
<U>Section&nbsp;6.1(c)</U> of the Disclosure Letter or unless Buyer otherwise agrees in writing, from and after the execution of this Agreement and until the earlier of the Closing or the termination of this Agreement: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:2%; text-indent:10%; font-size:10pt; font-family:Times New Roman">(i) each Seller shall not, and shall take all action within its control to cause Newco not to, sell, transfer or otherwise
dispose of, or grant any Lien with respect to, the Interests; and </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:2%; text-indent:10%; font-size:10pt; font-family:Times New Roman">(ii) Crude JV shall not, and each Seller agrees that it
shall not take any action to cause Crude JV to: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:17%; font-size:10pt; font-family:Times New Roman">(A) enter into (1)&nbsp;any employee benefit, pension or other plan (whether or not
subject to ERISA), (2)&nbsp;any other equity based, incentive or deferred compensation plan or arrangement or other fringe benefit plan, or (3)&nbsp;any consulting, employment, severance, bonus, termination or similar Contract with any Person; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:17%; font-size:10pt; font-family:Times New Roman">(B) grant, pay, otherwise become liable for or obligated to pay, any bonus or increase in compensation or benefits to any employee, consultant
or Manager of Crude JV; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:17%; font-size:10pt; font-family:Times New Roman">(C) grant, pay or otherwise become liable for or obligated to pay any Severance Obligation or Change of Control
Amounts; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:17%; font-size:10pt; font-family:Times New Roman">(D) make any loan to, or enter into any other transaction with, any Manager, Officer, or other employee of Crude JV; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:17%; font-size:10pt; font-family:Times New Roman">(E) (1) redeem, purchase or acquire, or offer to purchase or acquire, any of the Interests, (2)&nbsp;effect any reorganization or
recapitalization, (3)&nbsp;split, combine or reclassify any of the Interests, or (4)&nbsp;declare, set aside or pay any dividend or other distribution, other than wholly in cash, in respect of the Interests; </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">24 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:17%; font-size:10pt; font-family:Times New Roman">(F) (1) offer, sell, transfer, issue, dispose of or grant, or authorize the offering, sale,
transfer, issuance, grant or disposition of any Equity Interests in Crude JV or (2)&nbsp;grant, or authorize the grant of, any Lien with respect to any Equity Interests in Crude JV; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:17%; font-size:10pt; font-family:Times New Roman">(G) acquire, directly or indirectly, (1)&nbsp;(whether by merger, consolidation or otherwise) an Equity Interest in any business or division
of any Person or (2)&nbsp;any material assets or properties other than the acquisition of assets from suppliers or vendors in the ordinary course of business and consistent with past practice; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:17%; font-size:10pt; font-family:Times New Roman">(H) sell, lease, exchange or otherwise dispose of, any of its Assets, except for dispositions of Hydrocarbon inventories in the ordinary
course of business consistent with past practice or grant any Lien (other than Permitted Encumbrances) with respect to any of its Assets, or grant any license or sublicense with respect to the Intellectual Property; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:17%; font-size:10pt; font-family:Times New Roman">(I) adopt any amendments to its Organizational Documents; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:17%; font-size:10pt; font-family:Times New Roman">(J) enter into any new line of business or abandon or discontinue any existing lines of business; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:17%; font-size:10pt; font-family:Times New Roman">(K) (1) make any change in its methods of accounting in effect on the date hereof, except as may be required to comply with GAAP;
(2)&nbsp;make, change or revoke any material Tax election or change (or make a request to change) its Tax accounting methods; (3)&nbsp;amend any material Tax Return, except as necessary to comply with any Law or Regulation; (4)&nbsp;settle or
compromise any Proceeding relating to a material amount of Taxes, except, in each case, as may be required by Law or Regulation; or (5)&nbsp;revalue any asset except as required by GAAP consistently applied on a basis consistent with past practice
and the preparation of the Interim Financial Statements; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:17%; font-size:10pt; font-family:Times New Roman">(L) incur any Indebtedness for borrowed money or, except with respect to
obligations or other items reflected on <B><U>Schedule C</U></B>, any other Indebtedness; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:17%; font-size:10pt; font-family:Times New Roman">(M) except for expenditures set forth on the
Capital Budget attached as <U><B>Schedule C</B>,</U> incur, or commit to incur, any capital expenditures (1)&nbsp;in excess of <B>[REDACTED]* </B>in the aggregate or (2)&nbsp;that constitute Emergency Expenditures (as such term is defined in the
Operating Agreement); </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:17%; font-size:10pt; font-family:Times New Roman">(N) adopt a plan of complete or partial liquidation or resolutions providing for or authorizing a liquidation,
dissolution, merger, consolidation, restructuring, recapitalization or other reorganization; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:17%; font-size:10pt; font-family:Times New Roman">(O) terminate, amend, modify, cancel, waive
or assign any rights or obligations under or otherwise change in any material respect any Material Contract; </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">25 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:17%; font-size:10pt; font-family:Times New Roman">(P) enter into or assume (1)&nbsp;any Contract with any Person that would constitute a Material
Contract relating to the purchase, sale or transportation of crude oil and containing terms that are less favorable to Crude JV than those included in any similar Contract between Crude JV and such Person or any Third Person without Buyer&#146;s
written consent, such consent not to be unreasonably withheld or (2)&nbsp;any other Contract not described in clause (1)&nbsp;above with any Person (other than Contracts entered into in the ordinary course of business with a Third Person consistent
with past practice, on current market terms and which do not (i)&nbsp;impose any Indebtedness obligations on Crude JV or (ii)&nbsp;commit any capacity of the Pipeline Assets (other than, in the case of this clause (ii), any such Contract that by its
terms may be terminated by Crude JV without penalty on not more than 60 days&#146; notice or expires within 60 days of the date that Crude JV enters into such Contract)); </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:17%; font-size:10pt; font-family:Times New Roman">(Q) make any material change (except as may be required to comply with Law, Regulation or GAAP) in Crude JV&#146;s cash management practices
or its policies, practices and procedures with respect to collection of accounts receivable, establishment of reserves for uncollectible accounts, accrual of accounts receivable, prepayment of expenses, payment of trade accounts payable, accrual of
other expenses, deferral of revenue or acceptance of customer deposits; or </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:17%; font-size:10pt; font-family:Times New Roman">(R) agree in writing or otherwise to do any of the foregoing.
</P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) The Parties agree that if Buyer agrees in writing to any action requiring Buyer&#146;s consent or agreement under any of the preceding
<U>Section&nbsp;6.1(a)</U> and <U>Section&nbsp;6.1(c)</U>, each applicable section of the Disclosure Letter shall be automatically updated for all purposes under this Agreement to include such action to which Buyer agreed. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(e) Notwithstanding anything to the contrary contained in this <U>Section&nbsp;6.1</U> or elsewhere in this Agreement, prior to Closing, Crude
JV shall be entitled to distribute cash to Sellers (or, after the Restructuring, Newco); <U>provided</U>, that as between Sellers, Sellers agree any such distribution to Sellers shall be in accordance with the LLC Agreement or the Limited Liability
Company Agreement of Newco, as applicable. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(f) Notwithstanding anything to the contrary contained in this <U>Section&nbsp;6.1</U> or
elsewhere in this Agreement, prior to Closing, Crude JV shall, consistent with past practice, be entitled to remit cash to Wildcat Operating for the compensation of, and reimbursement of business expenses incurred by, Wildcat Operating employees
performing services for Crude JV, as more particularly described on <U>Section&nbsp;6.1(f) of the Disclosure Letter</U>. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">6.2 <U>Access,
Information and Access Indemnity</U>. Until the earlier of the Closing or the termination of this Agreement, on Business Days and during the business hours of 9:00 a.m. to 5:00 p.m. (local time), Sellers and Crude JV shall (a)&nbsp;furnish Buyer and
Buyer&#146;s authorized representatives with such financial, operating and other data and information related to Crude JV in the possession of Crude JV or Sellers as Buyer or Buyer&#146;s authorized representatives may reasonably request and
(b)&nbsp;make available to Buyer and Buyer&#146;s authorized representatives reasonable access to the properties and assets of Crude JV during normal business hours, including by making available for examination as Buyer may reasonably request all
Records and Contracts in the possession or control of Crude JV relating to the assets and operations of Crude </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">26 </P>


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JV; <U>provided</U>, <U>however</U>, such material shall not include (i)&nbsp;any information described in <U>Section&nbsp;6.2&nbsp;of the Disclosure Letter</U> subject to Third Person
confidentiality agreements for which a consent or waiver cannot be secured by Crude JV after reasonable efforts, or (ii)&nbsp;subject to prompt disclosure to Buyer of the general nature thereof, information that, if disclosed, would violate an
attorney-client privilege or would constitute a waiver of rights as to attorney work product or attorney-client privileged communications; and <U>provided</U>, <U>further</U> that, Buyer shall not unreasonably interfere with the <FONT
STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">day-to-day</FONT></FONT> operations of the business of Crude JV. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">6.3 <U>Due
Diligence Indemnification</U>. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><B></B>(a) <B>THE PARTNERSHIP AND BUYER SHALL PROTECT, DEFEND, INDEMNIFY AND HOLD THE SELLER INDEMNITEES
HARMLESS FROM AND AGAINST ANY AND ALL CLAIMS AND LOSSES CAUSED DIRECTLY OR INDIRECTLY BY THE ACTS OR OMISSIONS OF BUYER, BUYER&#146;S AFFILIATES OR ANY PERSON ACTING ON BUYER&#146;S OR ITS AFFILIATE&#146;S BEHALF IN CONNECTION WITH ANY DUE DILIGENCE
CONDUCTED PURSUANT TO OR IN CONNECTION WITH THIS AGREEMENT, INCLUDING ANY SITE VISITS, REGARDLESS OF WHETHER SUCH CLAIM OR LOSS WAS CAUSED OR CONTRIBUTED TO BY THE NEGLIGENCE, STRICT LIABILITY, OR OTHER FAULT OF, SELLERS, SELLER INDEMNITEES, OR ANY
OF THEIR AGENTS OR EMPLOYEES.</B> Buyer shall comply fully with all rules, regulations, policies and instructions issued by Crude JV or any Third Person operator and provided to Buyer regarding Buyer&#146;s actions while upon, entering or leaving
any property, including any insurance requirements that Crude JV reasonably may impose on contractors authorized to perform work on any property owned or operated by Crude JV.<B> </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) Buyer will provide to Sellers copies of any and all written materials prepared prior to Closing by any Third Person for or on behalf of
Buyer in respect of any environmental matters with respect to the Assets or the operation of the business of Crude JV (including Phase I Environmental Assessments and environmental consultant reports, as applicable, delivered to Buyer or the
Partnership or its advisors, but excluding any written materials prepared by counsel to Buyer or the Partnership) within three (3)&nbsp;Business Days of Buyer&#146;s request therefor (but in any event prior to Closing). </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><B></B>(c) <U>Express Negligence/Conspicuous Manner</U>. <B>THE PARTIES AGREE THAT THE PROVISIONS SET OUT IN THIS <U>SECTION 6.3</U> COMPLY
WITH THE REQUIREMENT, KNOWN AS THE EXPRESS NEGLIGENCE RULE, TO EXPRESSLY STATE IN A CONSPICUOUS MANNER TO AFFORD FAIR AND ADEQUATE NOTICE THAT THIS AGREEMENT HAS PROVISIONS REQUIRING THE INDEMNIFYING PARTY TO BE RESPONSIBLE FOR THE NEGLIGENCE
(WHETHER GROSS, SOLE, JOINT, ACTIVE, PASSIVE, COMPARATIVE OR CONCURRENT), STRICT LIABILITY, OR OTHER FAULT OF THE SELLER INDEMNITEES. EACH OF THE PARTNERSHIP AND BUYER REPRESENT TO THE SELLER INDEMNITEES (i)&nbsp;THAT EACH OF THE PARTNERSHIP AND
BUYER HAS CONSULTED AN ATTORNEY CONCERNING THIS AGREEMENT OR, IF EITHER SUCH PARTY HAS NOT CONSULTED AN ATTORNEY, THAT SUCH PARTY WAS PROVIDED THE OPPORTUNITY AND HAD THE ABILITY TO SO CONSULT, BUT MADE AN INFORMED DECISION NOT TO DO SO, AND
(ii)&nbsp;THAT EACH OF THE PARTNERSHIP AND BUYER FULLY UNDERSTANDS ITS OBLIGATIONS UNDER THIS <U>SECTION 6.3</U>. </B></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">27 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) Notwithstanding anything else in this Agreement to the contrary, the indemnification
obligations of Buyer provided for in this <U>Section&nbsp;6.3</U> are independent from and not subject to <U>Article X</U>. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">6.4 <U>Further
Assurances</U>. From time to time, and without further consideration, each Party will execute and deliver to any other Party such documents and take such actions as any other Party may reasonably request in order more effectively to implement and
carry into effect the transactions contemplated by this Agreement and the other Transaction Documents. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">6.5 <U>Payoff Letters; Mutual
Releases</U>. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) At least two (2), but no more than five (5), Business Days prior to the Closing Date, each Seller shall, and shall take
such actions within its control to cause Crude JV to, use commercially reasonable efforts to cause each payee of Expenses to deliver a Payoff Letter to Crude JV, copies of which shall be promptly delivered to Buyer. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) Each Seller shall deliver to Buyer at the Closing an executed Mutual Release and shall use, and shall cause Crude JV to use, commercially
reasonable efforts to cause each Manager and Officer to reaffirm each Mutual Release delivered prior to the Closing, as applicable, or to deliver to Buyer at the Closing an executed Mutual Release to the extent such Person has not delivered a Mutual
Release prior to the Closing. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) At or prior to the Closing, Crude JV shall deliver a countersigned Mutual Release to each Seller,
Manager and Officer who delivers an executed Mutual Release to Crude JV at or prior to the Closing. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">6.6 <U>Cooperation and Reasonable
Efforts</U>. The Parties agree to cooperate with each other and to use commercially reasonable efforts to cause all of the conditions precedent to Closing to be satisfied as promptly as practicable. Sellers shall use, and shall cause Crude JV to
use, commercially reasonable efforts to obtain prior to Closing each Authorization and each Required Third-Party Consent and to deliver each Required Notification that is required to be obtained or made prior to the Closing of the transactions
contemplated by this Agreement, and, in addition, Sellers shall cooperate, and shall cause Crude JV to cooperate with Buyer, upon Buyer&#146;s request, to obtain the consent of any Third Person that may be required under any Law, Regulation or Order
or any Contract to which Crude JV is a party and that requires consent as a result of the transactions contemplated by this Agreement. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">6.7
<U>Tax Matters</U>. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) <U>Filing of Tax Returns</U>. On or prior to the Closing Date, Sellers shall prepare (or cause to be prepared) and
timely file (or cause to be timely filed) all Tax Returns with respect to Crude JV or the assets of Crude JV that are due on or before the Closing Date and Sellers shall pay (or cause to be paid) all Taxes shown due thereon. For the avoidance of
doubt, each Seller shall be responsible for 50% of any penalties assessed against Crude JV resulting </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">28 </P>


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from or arising out of the matters disclosed in <U>Section&nbsp;4.6 of the Disclosure Letter</U>, <U>provided</U>, that any failure by a Seller to perform the foregoing covenant shall be treated
as a Claim under and subject to <U>Section&nbsp;10.3(d)</U>. After the Closing Date, Buyer shall prepare (or cause to be prepared) and timely file (or cause to be timely filed) all Tax Returns with respect to Crude JV that are due after the Closing
Date, and (i)&nbsp;each Seller shall pay or cause to be paid 50% of all Taxes shown due thereon that are attributable to Crude JV or the assets of Crude JV prior to the Closing Date except to the extent any such Taxes (A)&nbsp;are reflected as a
Current Liability in the calculation of Net Working Capital or (B)&nbsp;are included in the calculation of the amount paid to any counterparty under any Hydrocarbon Purchase Contract such that the proceeds to be paid to such counterparty are reduced
by the amount of such Taxes and (ii)&nbsp;Buyer shall pay or cause to be paid all other Taxes shown due thereon that are attributable to Crude JV or the assets of Crude JV from the Closing Date on. For purposes of the preceding sentence,
(x)&nbsp;all real property Taxes, ad valorem Taxes, personal property Taxes and similar obligations attributable to Crude JV or Crude JV&#146;s assets shall be apportioned as of the Closing Date between Sellers and Buyer, pro rata per day, with the
portion of such Taxes attributable to the period immediately prior to the Closing Date being allocated to Sellers, and the portion of such Taxes attributable to the period from the Closing Date onward being allocated to Buyer, and (y)&nbsp;any Taxes
attributable to Crude JV or Crude JV&#146;s assets that are based upon or measured by production or movement of hydrocarbons including production, excise Taxes, utility fees and Taxes with respect to the ongoing business of Crude JV or Crude
JV&#146;s assets shall be apportioned as of the Closing Date between Sellers and Buyer, with the portion of such Taxes attributable to the period ending immediately prior to the Closing Date being allocated to Sellers and the portion of such Taxes
attributable to the period from the Closing Date onward being allocated to Buyer, provided that any such Taxes attributable to Hydrocarbons purchased by Crude JV shall be attributable to the period during which such Hydrocarbons were purchased by
Crude JV (and subject to clause (i)(B) above). All such Tax Returns shall be prepared in a manner consistent with past practice, except as otherwise required by Law, Regulation or Order. If Buyer should pay any Taxes attributable to Sellers, Sellers
shall promptly reimburse Buyer for such Taxes within fifteen (15)&nbsp;days after receipt of a written request for reimbursement from Buyer and if Sellers should pay any Taxes attributable to Buyer, Buyer shall promptly reimburse Sellers for such
Taxes within fifteen (15)&nbsp;days after receipt of a written request for reimbursement from Sellers. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) <U>Cooperation; Procedures
Relating to Tax Claims</U>. Buyer and Sellers shall cooperate fully, as and to the extent reasonably requested, in connection with the filing of Tax Returns, any audit, litigation or other Proceeding with respect to Taxes and Tax Returns (other than
a Proceeding relating to a Third Person Claim described in <U>Section&nbsp;10.6</U> which shall be governed by <U>Section&nbsp;10.6</U>). Such cooperation shall include the retention, and (upon the other Party&#146;s request) the provision, of
records and information which are reasonably relevant to any such audit, litigation or other Proceeding and making employees available on a mutually convenient basis to provide additional information and explanation of any material provided
hereunder; <U>provided</U>, <U>however</U>, the Party requesting assistance shall pay the reasonable out-of-pocket expenses incurred by the Party providing such assistance; <U>provided</U>, <U>further</U>, no Party shall be required to provide
assistance at times or in amounts that would interfere unreasonably with the business and operations of such Party. Wildcat, as the tax matters partner for Crude JV prior to Closing, will retain all books and records with respect to Tax matters
pertinent to Crude JV relating to the Tax periods ending prior to the Closing Date, until the expiration of any applicable statute of limitations or extensions thereof. Sellers shall promptly notify Buyer in writing upon
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">29 </P>


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receipt by Sellers of notice of any pending or threatened Tax audits or assessments relating to the income, assets or operations of Crude JV that reasonably may be expected to relate to or give
rise to a Lien on the assets of Crude JV. Each of Buyer and Sellers shall promptly notify the other in writing upon receipt of notice of any pending or threatened Tax audit or assessment challenging the Allocation Schedule. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) <U>Taxes Related to Transaction</U>. All sales, use, transfer, real property transfer, value added, recording, registration, notary, stamp,
stamp duty or similar Taxes and fees, and all recording costs, arising out of the transfer of the Interests pursuant to this Agreement and all costs and expenses incurred in connection with the transferring and recording of title to the Interests
shall be borne by Buyer. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) <U>Amendments</U>. Following the Closing, Buyer will not file an amended Tax Return with respect to Crude JV
for a Pre-Closing Tax Period without the advance written consent of each Seller, which consent shall not be unreasonably withheld, conditioned or delayed (<U>provided</U>, that the Parties agree that if any such amendment would have an adverse
effect on either Seller, then such Seller&#146;s failure to provide such consent shall not be deemed unreasonable). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(e) <U>Refunds</U>. If
requested by Sellers, Buyer shall file a claim for refund or amended Tax Return with respect to Pre-Closing Tax Periods of Crude JV unless Buyer determines in good faith that such claim or Tax Return is contrary to applicable Law, Regulation or
Order. Any Tax refund of Crude JV for any Pre-Closing Tax Period will be for Sellers&#146; account, and Buyer will pay over to Sellers any such refund within fifteen (15)&nbsp;days after receipt or entitlement thereto. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(f) <U>Disputes</U>. Any dispute arising out of or relating to the provisions of this Agreement that relate to Taxes that cannot be resolved by
good faith negotiations between Buyer and Sellers shall be submitted to the Audit Firm to be resolved in accordance with <U>Section&nbsp;2.3(c)</U>, <I>mutatis mutandis</I>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">6.8 <U>Regulatory Approvals</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) The Parties shall (i)&nbsp;to the extent required by any Governmental Authority, make or cause to be made all filings required of each of
them or any of their respective subsidiaries or Affiliates under the HSR Act requesting early termination of the waiting period thereunder with respect to the transactions contemplated hereby as promptly as practicable, (ii)&nbsp;comply at the
earliest practicable date with any request under the HSR Act for additional information, documents, or other materials received by each of them or any of their respective subsidiaries from any Governmental Authority in respect of such filings or
such transactions, if any, and (iii)&nbsp;if applicable, cooperate with each other in connection with any such filing (including, to the extent permitted by applicable Law or Regulation, providing copies of all such documents to the non-filing
parties prior to filing and considering all reasonable additions, deletions or changes suggested in connection therewith) and in connection with resolving any investigation or other inquiry of any Governmental Authority with respect to any such
filing or any such transaction. If applicable, subject to <U>Section&nbsp;6.8(c)</U>, the Parties shall use all commercially reasonable efforts to cause the expiration or termination of the applicable waiting
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">30 </P>


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period under the HSR Act as soon as practicable. Each Party shall use its reasonable best efforts to furnish to each other Party all information required for any application or other filing to be
made pursuant to any applicable Law in connection with the transactions contemplated by this Agreement. Each Party shall promptly inform the other Parties of any oral communication with, and provide copies of written communications with, any
Governmental Authority regarding any such filings or any such transaction. No Party shall independently participate in any formal meeting with any Governmental Authority in respect of any such filings, investigation, or other inquiry without giving
the other Parties prior notice of the meeting and, to the extent permitted by such Governmental Authority, the opportunity to attend and/or participate. Subject to applicable Law, the Parties will consult and cooperate with one another in connection
with any analyses, appearances, presentations, memoranda, briefs, arguments, opinions and proposals made or submitted by or on behalf of any Party hereto relating to any proceedings under the HSR Act. Sellers, the Partnership and Buyer may, as each
deems advisable and necessary, reasonably designate any competitively sensitive material provided to the other under this <U>Section&nbsp;6.8</U> as &#147;outside counsel only.&#148; Such materials and the information contained therein shall be
given only to the outside legal counsel of such Party and will not be disclosed by such outside counsel to employees, officers, or directors of such Party, unless express written permission is obtained in advance from the source of the materials.
</P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) Subject to <U>Section&nbsp;6.8(c)</U>, if any action or Proceeding is instituted (or threatened), challenging the transaction
contemplated by this Agreement as violative of the HSR Act or any other antitrust, competition, premerger, notification or trade regulation law, regulation or order, or if any decree, judgment, injunction or other order is entered, enforced or
attempted to be entered or enforced, by a court or other Governmental Authority, which decree, judgment, injunction or other order would make the transactions contemplated by this Agreement illegal or would otherwise prohibit, prevent, restrict,
impair or delay consummation of the transactions contemplated hereby, each of the Sellers, the Partnership, Buyer and Crude JV shall use all commercially reasonable efforts to contest and resist any such action or proceeding and to have vacated,
lifted, reversed, or overturned any such decree, judgment, injunction or other order, whether temporary, preliminary, or permanent, that is in effect and that prohibits, prevents or restricts consummation of the transaction contemplated by this
Agreement and to have such decree, judgment, injunction or other order repealed, rescinded or made inapplicable so as to permit consummation of the transactions contemplated by this Agreement; <U>provided,</U> that no Party shall have any obligation
under this <U>Section&nbsp;6.8(b)</U> at any time that such Party shall have the right to terminate this Agreement pursuant to <U>Section&nbsp;9.1(b)(ii)</U> unless, and then only during the period for which, such Party shall have waived such right
to terminate this Agreement pursuant to <U>Section&nbsp;9.1(b)(ii)</U>. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) Notwithstanding anything to the contrary in
<U>Section&nbsp;6.8(a)</U> or <U>Section&nbsp;6.8(b)</U>, in no event shall the Partnership, Buyer or any of their Affiliates be required, in connection with any demand by any Governmental Authority or otherwise, to agree or commit to
(i)&nbsp;divest, hold separate, offer for sale, abandon, limit its operation of or take similar action with respect to any assets (tangible or intangible) or any business interest of any of them (including with respect to Crude JV after consummation
of the transactions contemplated by this Agreement), or (ii)&nbsp;any restrictions or actions that after the Closing Date would limit the freedom of the Partnership or Buyer to operate Crude JV consistent with the manner in which Crude JV is
operated as of the date of this Agreement (but on the basis of full capacity of the existing Pipeline Assets). </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) If applicable, the filing fees with respect to any filing under the HSR Act shall be paid at
the time of filing by Buyer. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">6.9 <U>Termination of Agreements</U>. The Operating Agreement shall be terminated effective as of the Closing
pursuant to the termination agreement (the&nbsp;&#147;<U>Termination&nbsp;Agreement</U>&#148;), dated as of the date hereof, a copy of which has been delivered to Buyer. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">6.10 <U>Transition Services Agreement</U>. At the Closing, Crude JV shall, and Wildcat shall cause Wildcat Operating to, execute and deliver a
transition services agreement (the &#147;<U>Transition Services Agreement</U>&#148;) pursuant to which Wildcat Operating shall agree to provide administrative services to Crude JV with respect to Crude JV and its assets and operations on terms
mutually agreeable to Sellers and Buyer in the form attached hereto as <B><U>Exhibit&nbsp;B</U></B>. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">6.11 <U>Notice of Breaches of
Representations and Warranties</U>. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) Following the execution of this Agreement and prior to Closing, Buyer shall promptly (and in any
event prior to the earlier of five (5)&nbsp;Business Days following discovery or the Closing Date) notify Sellers of any matter of which any member of the Buyer Knowledge Group has actual knowledge that, to the actual knowledge of such member of the
Buyer Knowledge Group, constitutes a breach of any representation or warranty of Sellers or Crude JV contained in <U>Article III</U> or <U>Article IV</U>, respectively; <U>provided</U>, <U>however</U>, any such notification will not affect the
rights or obligations of Buyer, Sellers or Crude JV under this Agreement and the failure to provide such notification will not affect any rights of Buyer or obligations of Sellers or Crude JV under this Agreement or any other Transaction Document
except as contemplated by <U>Section&nbsp;10.1</U>. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) Following the execution of this Agreement and prior to Closing, Crude JV shall
promptly (and in any event prior to the earlier of five (5)&nbsp;Business Days following discovery or the Closing Date) notify Buyer of any matter of which any member of the Crude JV Knowledge Group has actual knowledge that, to the actual knowledge
of such member of the Crude JV Knowledge Group, constitutes a breach of any representation or warranty of Crude JV contained in <U>Article IV</U>; <U>provided</U>, <U>however</U>, any failure by Crude JV to comply with this
<U>Section&nbsp;6.11(b)</U> shall be treated the same as a breach of a representation or warranty in the Seller Certificates for purposes of indemnification under <U>Article&nbsp;X</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) Following the execution of this Agreement and prior to Closing, Wildcat shall promptly (and in any event prior to the earlier of five
(5)&nbsp;Business Days following discovery or the Closing Date) notify Buyer of any matter of which any member of the Wildcat Knowledge Group has actual knowledge that, to the actual knowledge of such member of the Wildcat Knowledge Group,
constitutes a breach of any representation or warranty of Wildcat contained in <U>Article III</U>; <U>provided</U>, <U>however</U>, any failure by Wildcat to comply with this <U>Section&nbsp;6.11(c)</U> shall be treated the same as a breach of a
representation or warranty in the Seller Certificates, and shall not be deemed a breach of a covenant or agreement, for purposes of indemnification under <U>Article&nbsp;X</U>. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) Following the execution of this Agreement and prior to Closing, Approach shall promptly (and
in any event prior to the earlier of five (5)&nbsp;Business Days following discovery or the Closing Date) notify Buyer of any matter of which any member of the Approach Knowledge Group has actual knowledge that, to the actual knowledge of such
member of the Approach Knowledge Group, constitutes a breach of any representation or warranty of Approach contained in <U>Article III</U>; <U>provided</U>, <U>however</U>, any failure by Approach to comply with this <U>Section&nbsp;6.11(d)</U>
shall be treated the same as a breach of a representation or warranty in the Seller Certificates, and shall not be deemed a breach of a covenant or agreement, for purposes of indemnification under <U>Article&nbsp;X</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">6.12 <U>Restructuring</U>. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a)
Prior to Closing, Sellers and Crude JV shall take, or cause to be taken, the following actions (collectively, the &#147;<U>Restructuring</U>&#148;): </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:2%; text-indent:10%; font-size:10pt; font-family:Times New Roman">(i) Sellers shall form Newco as their direct, wholly owned subsidiary, with each Seller owning 50% of the issued and
outstanding Equity Interests in Newco; and </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:2%; text-indent:10%; font-size:10pt; font-family:Times New Roman">(ii) Each Seller shall consummate the Interest Contribution by execution and
delivery to Newco of an Assignment and Assumption of Membership Interests in the form attached hereto as <B><U>Exhibit C</U></B> (the &#147;<U>Restructure Assignment</U>&#148;), the result of which will be that Newco will own of record and
beneficially 100% of the Interests. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) Following the consummation of the Restructuring, Sellers shall cause Newco to comply with its
obligations pursuant to <U>Section&nbsp;2.1</U> regarding the transfer, assignment and delivery of the Interests to Buyer free and clear of all Liens, other than any Liens created pursuant to applicable securities Laws or Liens in favor of the
holders of the Interests pursuant to the terms of the organization documents of Crude JV, and to otherwise execute and deliver to Buyer such documents and take such actions as Buyer may reasonably request in order to implement and carry into effect
the transactions contemplated by this Agreement and the other Transaction Documents. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">6.13 <U>Change of Company Name</U>. Buyer and Crude
JV agree that after the Closing they shall have no right to use the name of &#147;Wildcat,&#148; &#147;Wildcat Permian Services&#148; or any service marks, trademarks, trade names, identifying symbols, logos, emblems, signs or insignia related
thereto or containing or compromising the foregoing, including any name or mark confusingly similar thereto or a derivative thereof (collectively, the &#147;<U>Subject Marks</U>&#148;), and will not at any time after the Closing hold themselves out
as having any affiliation with the Sellers or any of their Affiliates. In furtherance thereof, as promptly as practicable, but in no event later than one hundred twenty (120)&nbsp;days following the Closing Date, Buyer and Crude JV shall remove,
strike over or otherwise obliterate all Subject Marks from all materials, including, without limitation, any vehicles, business cards, schedules, stationary, packaging materials, displays, signs, promotional materials, manuals, forms, computer
software and other materials. As promptly as practical after the Closing Date, Crude JV shall post Buyer&#146;s emergency contact telephone numbers in place of any emergency contact telephone numbers of any Seller or any of their Affiliates. From
and after the Closing: (a)&nbsp;neither Buyer nor Crude JV shall object to the formation by Wildcat or its Affiliates of an entity with the word &#147;Wildcat&#148; in its name, and (b)&nbsp;Buyer and Crude JV shall provide such consents as may be
required in connection with the formation of such a new entity. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">6.14 <U>No Solicitation</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) From the date of this Agreement until the earlier to occur of the Closing or the termination of this Agreement, Crude JV shall not, and
each Seller agrees that it shall not, and shall not authorize any of its Affiliates or any of its or their respective officers, directors, partners, stockholders, managers, members, employees, agents or representatives to (<U>provided</U>, that as
to Crude JV and its officers, directors, managers, members, employees, agents or representatives, each Seller covenants only that such Seller shall not take any action to authorize Crude JV or any of its officers, directors, managers, members,
employees, agents or representatives to), and Approach Parent shall not permit its Affiliates controlled by Approach Parent and Wildcat Parent shall not permit its Affiliates controlled by Wildcat Parent to, directly or indirectly, (i)&nbsp;solicit,
initiate or continue inquiries regarding an Acquisition Proposal; (ii)&nbsp;enter into discussions or negotiations with, or provide any information to, any Person concerning a possible Acquisition Proposal; or (iii)&nbsp;enter into any agreements or
other instruments (whether or not binding) regarding an Acquisition Proposal. Crude JV shall, and each Seller agrees that it shall, immediately cease and cause to be terminated, and (in the case of Wildcat) shall cause its Affiliates controlled by
Wildcat Parent and (in the case of Approach) shall cause its Affiliates controlled by Approach Parent and all of its and their respective officers, directors, partners, stockholders, managers, members, employees, agents and representatives to
immediately cease and cause to be terminated, all existing discussions or negotiations with any Persons conducted heretofore with respect to, or that could lead to, an Acquisition Proposal. For purposes hereof, &#147;<U>Acquisition
Proposal</U>&#148; shall mean any proposal or offer from any Person (other than Buyer or any of their Affiliates) concerning (i)&nbsp;a merger, consolidation, liquidation, recapitalization, share exchange or other business combination transaction
involving Crude JV; (ii)&nbsp;the issuance or acquisition of shares of Equity Interests of Crude JV; or (iii)&nbsp;the sale, lease, exchange or other disposition of any significant portion of Crude JV&#146;s properties or assets. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) From the date of this Agreement until the earlier to occur of the Closing or the termination of this Agreement, in addition to the other
obligations under this <U>Section&nbsp;6.14</U>, each Seller and Crude JV shall promptly (and in any event within two (2)&nbsp;Business Days after receipt thereof by such Seller or Crude JV or their respective agents or representatives) advise Buyer
orally and in writing of any written Acquisition Proposal received by it after the date of this Agreement and the material commercial terms of such Acquisition Proposal, including the proposed transaction structure, purchase price, form of
consideration, financing or other sources of funds proposed to be used and other material terms, but not the identity of the Person making the Acquisition Proposal; <U>provided</U>, <U>however</U>, that, notwithstanding anything to the contrary in
<U>Section&nbsp;11.8</U>, Sellers and Crude JV shall be permitted to comply with any written notice requirement pursuant to this <U>Section&nbsp;6.14(b)</U> by transmission of electronic mail to J. Patrick Barley (jpbarley@jpenergypartners.com);
<U>provided</U> <U>further</U>, <U>however</U>, that nothing in this <U>Section&nbsp;6.14(b)</U> shall require Sellers or Crude JV to take any action that would, on the advice of counsel, result in a breach of any legally binding confidentiality
obligation of Sellers or Crude JV, including pursuant to any confidentiality agreement, non-disclosure agreement or similar agreement to which Crude JV or any Seller is a Party as of the date of this Agreement. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">34 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) Sellers and Crude JV agree that the rights and remedies for noncompliance with this
<U>Section&nbsp;6.14</U> shall include having such provision specifically enforced by any court having equity jurisdiction, it being acknowledged and agreed that any such breach or threatened breach may cause irreparable injury to Buyer and that
money damages may not provide an adequate remedy to Buyer. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">6.15 <U>Non-Competition</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) For a period of two (2)&nbsp;years following Closing, each Seller shall not, and Approach Parent shall cause its Affiliates controlled by
Approach Parent and Wildcat Parent shall cause its Affiliates controlled by Wildcat Parent not to, directly or indirectly through any Person or Contract: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:2%; text-indent:10%; font-size:10pt; font-family:Times New Roman">(i) engage in the construction, acquisition or operation of any pipeline business involving the transportation of crude oil
anywhere within the Territory (the&nbsp;&#147;<U>Restricted Business</U>&#148;), or perform management, executive or supervisory functions with respect to, own, operate, join, control, render financial assistance to, receive any economic benefit
from, exert any influence upon, participate in, render services or advice to, or, as applicable and within its control, allow any of its officers or employees (as an officer, employee, partner, member, stockholder, consultant or otherwise) to
provide services with respect to, any Restricted Business or any business or Person that conducts the Restricted Business (it being understood that for purposes of this <U>Section&nbsp;6.15</U>, the term &#147;<U>Territory</U>&#148; shall mean the
area that is within 25 miles of the existing Pipeline Assets, as shown on the map attached hereto as <B><U>Exhibit H</U></B>); or </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:2%; text-indent:10%; font-size:10pt; font-family:Times New Roman">(ii) approach or seek business in the Territory constituting Restricted Business from any Person, refer business in the
Territory constituting Restricted Business from any Person or be paid commissions based on sales from business in the Territory constituting Restricted Business received from any Person; <U>provided</U> that, the foregoing shall not prohibit any
referral of business by any Seller to Crude JV or Buyer or any Affiliate of Buyer. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Notwithstanding anything to the contrary in this
<U>Section&nbsp;6.15</U>, nothing in this <U>Section&nbsp;6.15(a)</U> shall prohibit (A)&nbsp;any Seller or its Affiliates from owning (i)&nbsp;any class of securities traded on a national stock exchange issued by any Person engaged in the
Restricted Business or (ii)&nbsp;any equity ownership in any Person engaged in the Restricted Business, so long as (in the case of each of clause (i)&nbsp;and clause (ii)) such Seller and (in the case of Wildcat) its Affiliates controlled by Wildcat
Parent and (in the case of Approach) its Affiliates controlled by Approach Parent and such Sellers&#146; and such controlled Affiliates&#146; officers and employees are not engaged in any management, executive or supervisory functions with respect
to such Restricted Business of such Person, (B)&nbsp;Approach or any of its Affiliates from engaging in transportation, gathering, treating, processing, blending or storage of crude oil produced by Approach and it its Affiliates or other joint
working interest owners (including pursuant to pooling, unitization, joint development, joint venture or similar relationships or arrangements, and whether by pipeline, gathering line, truck, rail or otherwise) within the Territory or
(C)&nbsp;Wildcat Operating or its Affiliates from performing services for Crude JV pursuant to the Transition Services Agreement. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) Each of Approach Parent, Wildcat Parent and each Seller acknowledges that the covenants set
forth in this <U>Section&nbsp;6.15</U> are an essential element of this Agreement and that any breach by such Person of any provision of this <U>Section&nbsp;6.15</U> may result in irreparable injury to Buyer and/or Crude JV. Each of Approach
Parent, Wildcat Parent and each Seller acknowledges that, in the event of such a breach, in addition to all other remedies available at Law, Buyer shall be entitled to seek equitable relief, including injunctive relief, as well as such other
remedies as may be available at law and equity. Each Party has independently consulted with its counsel and after such consultation agrees that the covenants set forth in this <U>Section&nbsp;6.15</U> are reasonable and proper to protect the
legitimate interest of Buyer and Crude JV. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) If a court of competent jurisdiction determines that the character, duration or geographic
scope of the provisions of <U>Section&nbsp;6.15</U> are unreasonable, it is the intention and the agreement of the Parties that these provisions shall be construed by the court in such a manner as to impose only those restrictions on Approach
Parent&#146;s, Wildcat Parent&#146;s and Sellers&#146; conduct that are reasonable in light of the circumstances and as are necessary to assure to Buyer the benefits of this Agreement. If, in any judicial proceeding, a court shall refuse to enforce
all of the separate covenants of <U>Section&nbsp;6.15(a)</U> because taken together they are more extensive than necessary to assure to Buyer the intended benefits of this Agreement, the Parties intend for the restrictions set forth in this
Agreement to be modified by the court making such determination so as to be reasonable and enforceable and, as so modified, to be fully enforced. If such modification is not possible, it is expressly understood and agreed by the Parties that the
provisions of <U>Section&nbsp;6.15</U> that, if eliminated, would permit the remaining separate provisions to be enforced in such proceeding, shall be deemed eliminated, for the purposes of such proceeding, from this Agreement. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">6.16 <U>Dedications</U>. Sellers shall cause Approach Operating, LLC and Approach Oil&nbsp;&amp; Gas Inc. to execute and deliver at or prior to
Closing a Memorandum of Dedication Agreement in the form attached hereto as <B><U>Exhibit E</U></B> (the &#147;<U>Memorandum of Dedication Agreement</U>&#148;) in recordable form regarding the existing dedication under the Approach COPA. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">6.17 <U>Employee Matters</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) During the period beginning on the date hereof and ending on the termination of the Transition Services Agreement, Buyer or one of its
Affiliates may make offers of employment (each such offer, an &#147;<U>Employment Offer</U>&#148;) to any or all of the Business Employees set forth on <U>Section&nbsp;6.17 of the Disclosure Letter</U>. Such Employment Offers shall be on terms and
conditions determined by Buyer or its Affiliates in its or their discretion; <U>provided</U>, that the terms of such Employment Offers will include an offer of employee health benefits which are substantially equivalent, in the aggregate, to those
employee health benefits offered to similarly situated employees of Buyer or its applicable Affiliate and, in any event, shall be sufficient such that Wildcat Operating shall not have any obligation or liability to provide rights under COBRA with
respect to any such Business Employee if such Business Employee accepts such offer of employment from Buyer or its Affiliates. Any such Employment Offer shall be subject to and conditioned upon the occurrence of the Closing and effective as of the
date of the Business Employee&#146;s commencement of employment with Buyer or its applicable Affiliate. Sellers shall reasonably assist Buyer and its Affiliates, as applicable, in communicating with the Business Employees regarding potential
employment with Buyer or its Affiliates. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) Neither Approach, Approach Parent, Wildcat, Wildcat Parent nor Wildcat Operating shall, and
each of Approach Parent and Wildcat Parent shall cause its Affiliates controlled by it not to, interfere with any such Employment Offers or negotiations by Buyer or its Affiliates to employ any Business Employee or discourage any Business Employee
from accepting employment with Buyer or its Affiliates. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) Any Business Employee employed by Buyer or one of its Affiliates following the
Closing Date is referred to herein as a &#147;<U>Continued Employee</U>.&#148; With respect to any Continued Employees, effective as of the time immediately prior Closing, Seller shall, or shall cause its applicable Affiliates to, (i)&nbsp;terminate
the employment of any such Continued Employee and (ii)&nbsp;waive and release any confidentiality, non-competition, non-disclosure and similar agreements between Seller or any applicable Affiliate and any such Continued Employee that would restrict
or encumber any such Continued Employee&#146;s ability to perform his or her duties as an employee of Buyer or its Affiliates. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">6.18
<U>Confidential Treatment</U>. If Approach Parent is required to publicly file this Agreement or any portion thereof or otherwise make this Agreement or any portion thereof publicly available pursuant to the Securities Act or the Exchange Act, then,
concurrently with making such public disclosure, Approach Parent, if permitted by applicable Laws and Regulations, shall (a)&nbsp;file a confidential treatment request with the U.S. Securities and Exchange Commission (the
&#147;<U>Commission</U>&#148;) pursuant to and in accordance with Rule 406 promulgated under the Securities Act or Rule 12b-2 promulgated under the Exchange Act, as applicable, requesting that confidential treatment be afforded to <B>[REDACTED]*</B>
((i) and (ii), each a &#147;<U>Requested Confidential Term</U>&#148; and, together, the &#147;<U>Requested Confidential Terms</U>&#148;), (b)&nbsp;use its commercially reasonable efforts to seek confidential treatment of the Requested Confidential
Terms, including by responding as soon as reasonably practicable, after consultation with its advisors and legal counsel, to any request received by the Commission for additional information, documents or other materials in connection with such
confidential treatment request and (c)&nbsp;consult with the Partnership, Buyer and their representatives in connection with such confidential treatment request, and provide a copy of such confidential treatment request prior to filing.
Notwithstanding the foregoing, the Parties hereby acknowledge and agree that such confidential treatment request may be denied in whole or in part by the Commission, and notwithstanding anything to the contrary in this <U>Section&nbsp;6.18</U>, in
the event any such confidential treatment request is denied in whole or in part by the Commission, Approach Parent shall be permitted to file with the Commission this Agreement, including any Requested Confidential Terms with respect to which such
confidential treatment request was denied. Approach Parent shall further keep Buyer reasonably informed of the status of such confidential treatment request. Nothing in this <U>Section&nbsp;6.18</U> is intended to limit or otherwise modify the
obligations of the Parties contained in <U>Section&nbsp;11.10</U>. Nothing in this <U>Section&nbsp;6.18</U> shall restrict any disclosure of a particular Requested Confidential Term after such Requested Confidential Term has been made available
publicly (x)&nbsp;by or on behalf of Buyer or its Affiliates for any reason, (y)&nbsp;by Approach Parent because the confidential treatment request as to such Requested Confidential Term was denied by the Commission or (z)&nbsp;for any other reason
other than as a result of Approach Parent&#146;s breach of this <U>Section&nbsp;6.18</U>. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">37 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">6.19 <U>Pipeline Operator Authorizations</U>. Buyer acknowledges that, as of the Closing, Wildcat
Operating will cease to operate the Pipeline Assets and will no longer be required to hold any Authorizations to enable Wildcat Operating to operate the Pipeline Assets. Buyer covenants to Wildcat Operating that it shall reasonably cooperate with
Crude JV and Wildcat Operating in the performance by Crude JV of its obligations under Section&nbsp;2 of the Termination Agreement and otherwise make such notifications or filings to or with the RRC (or any other applicable Governmental Authority)
and take any other actions that may be necessary or required by law in connection with (a)&nbsp;Operator ceasing to operate the Pipeline Systems as of the Closing and (b)&nbsp;Crude JV assuming responsibility (directly or indirectly through an
Affiliate of Buyer) for operating the Pipeline Systems as of Closing, including (a)&nbsp;to cause any bonds or letters of credit posted by Operator with the RRC in connection with the T-4 Permit to be released to Operator, and (b)&nbsp;if necessary,
to terminate and cancel the T-4 permit. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE VII </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CONDITIONS TO CLOSING </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">7.1
<U>Sellers&#146; Conditions</U>. The obligation of Sellers to close the transaction contemplated by this Agreement is subject to the satisfaction of the following conditions, any of which may be waived by Sellers in their sole discretion by their
joint written consent: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) The representations and warranties of the Partnership and Buyer contained in <U>Article&nbsp;V</U> of this
Agreement shall be true and correct in all material respects (<U>provided</U>, <U>however</U>, that any such representation or warranty of Buyer contained in <U>Article V</U> that is qualified by a materiality standard shall not be further qualified
by materiality for purposes of this <U>Section&nbsp;7.1(a))</U> on and as of the Closing Date as if made on and as of such date, except to the extent that any such representation or warranty is made as of a specified date, in which case such
representation or warranty shall have been true and correct in all material respects as of such specified date; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) Each of the
Partnership and Buyer shall have performed in all material respects its obligations, covenants and agreements contained herein and in the Transaction Documents to which it is a party and required before Closing; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) No temporary restraining order, preliminary or permanent injunction or other Order issued by any court of competent jurisdiction that
restrains, enjoins or otherwise prohibits the consummation of the transactions contemplated by this Agreement (a &#147;<U>Restraint</U>&#148;) shall be effective as of the Closing; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) Buyer or the Partnership shall have made such cash payments required to be made by Buyer pursuant to <U>Section&nbsp;8.2(c)</U>; and </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(e) If applicable, the waiting period (and any extension thereof) applicable to the transactions contemplated by this Agreement under the HSR
Act shall have been terminated or shall have expired. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">7.2 <U>Buyer&#146;s Conditions</U>. The obligation of Buyer to close the
transactions contemplated by this Agreement is subject to the satisfaction of the following conditions, any of which may be waived by Buyer in their sole discretion: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) The Seller Fundamental Representations and the Crude JV Fundamental Representations shall be true and correct on and as of the Closing Date
as if made on the Closing Date; </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">38 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) All representations and warranties of Sellers in <U>Article III</U>, other than the Seller
Fundamental Representations, shall be true and correct in all material respects on and as of the Closing Date as if made on and as of such date (except that any such representation or warranty that is made as of a specified date shall be true or
correct in all material respects as of such specified date), except as affected by actions specifically permitted by this Agreement; <U>provided</U>, <U>however</U>, that for purposes of determining whether such representations or warranties are
true and correct, any such representation or warranty of Sellers contained in <U>Article III</U> that is qualified by materiality, in all material respects or similar materiality qualifications shall not be further qualified by materiality for
purposes of this <U>Section&nbsp;7.2(b)</U>; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) <B>[REDACTED]*</B> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) Each Seller and Crude JV shall have performed, in all material respects, their obligations, covenants and agreements contained herein and
in the Transaction Documents required to be performed before Closing; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(e) No Restraint shall be effective as of the Closing; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(f) Each Seller shall have delivered or caused to be delivered the items required to be delivered by or on behalf of such Seller pursuant to
<U>Section&nbsp;8.2(a)</U> and <U>Section&nbsp;8.2(f)</U>; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(g) Crude JV shall have delivered the items required to be delivered by Crude
JV pursuant to <U>Section&nbsp;8.2(b)</U>; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(h) Wildcat shall have delivered or caused to be delivered the items required to be delivered
by or on behalf of Wildcat pursuant to <U>Section&nbsp;8.2(d)</U>; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(i) Approach shall have delivered or caused to be delivered the items
required to be delivered by or on behalf of Approach pursuant to <U>Section&nbsp;8.2(e)</U> and <U>Section&nbsp;8.2(f)</U>; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(j) If
applicable, the waiting period (and any extension thereof) applicable to the transactions contemplated by this Agreement under the HSR Act shall have been terminated or shall have expired; and </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(k) The Restructuring shall have occurred. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE VIII </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CLOSING
</B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">8.1 <U>Time and Place of Closing</U>. The consummation of the transactions contemplated hereby (the &#147;<U>Closing</U>&#148;) shall
take place in the offices of Weil, Gotshal&nbsp;&amp; Manges LLP, 200 Crescent Court, Suite 300, Dallas, Texas 75201 at 10:00 a.m. local time on the later of (i)&nbsp;the third (3rd)&nbsp;Business Day after the conditions set forth in <U>Article
VII</U> have been satisfied or </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">39 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
waived and (ii)&nbsp;such other date and time (or place) as to which the Parties agree in writing (the date of the Closing, the &#147;<U>Closing Date</U>&#148;). Subject to the provisions of
<U>Article IX</U> hereof, failure to consummate the Closing on the date and at the place determined pursuant to this <U>Section&nbsp;8.1</U> will not result in the termination of this Agreement and will not relieve any Party of any obligation under
this Agreement. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">8.2 <U>Deliveries at Closing</U>. At the Closing, </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) Each Seller will: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:2%; text-indent:10%; font-size:10pt; font-family:Times New Roman">(i) deliver to Buyer a certificate executed by an authorized officer of such Seller certifying as to the satisfaction of the
conditions set forth in <U>Section&nbsp;7.2(a)</U>, <U>Section&nbsp;7.2(b)</U>, <U>Section&nbsp;7.2(c)</U> and <U>Section&nbsp;7.2(d)</U> as to such Seller; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:2%; text-indent:10%; font-size:10pt; font-family:Times New Roman">(ii) cause Newco to execute and deliver to Buyer a certificate meeting the requirements of Treasury Regulations promulgated
under Section&nbsp;1445 of the Code to the effect that it is not a &#147;foreign person&#148; within the meaning of Section&nbsp;1445 of the Code; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:2%; text-indent:10%; font-size:10pt; font-family:Times New Roman">(iii) cause Newco to execute and deliver an Assignment and Assumption of Membership Interests in substantially the form
attached hereto as <B><U>Exhibit D</U></B>; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:2%; text-indent:10%; font-size:10pt; font-family:Times New Roman">(iv) deliver to Buyer a certified copy of resolutions duly adopted by such
Seller&#146;s board of directors or other governing body authorizing and approving the execution and delivery of this Agreement and the other Transaction Documents, including the annexes, exhibits and schedules hereto and thereto, and the
consummation of the transactions contemplated hereby and thereby; and </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:2%; text-indent:10%; font-size:10pt; font-family:Times New Roman">(v) deliver to Buyer (i)&nbsp;a certified copy of
the Certificate of Formation of Newco, (ii)&nbsp;a copy of the Limited Liability Company Agreement of Newco and (iii)&nbsp;a copy of the Restructure Assignment executed by such Seller. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) Crude JV will, and each Seller will take such actions within its control to cause Crude JV to: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:2%; text-indent:10%; font-size:10pt; font-family:Times New Roman">(i) deliver to Buyer a certificate executed by an authorized officer of Crude JV certifying as to the satisfaction of the
conditions set forth in <U>Section&nbsp;7.2(a)</U>, <U>Section&nbsp;7.2(b)</U>, <U>Section&nbsp;7.2(c)</U> and <U>Section&nbsp;7.2(d)</U> as to Crude JV; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:2%; text-indent:10%; font-size:10pt; font-family:Times New Roman">(ii) deliver to Buyer a Franchise Tax Account Status report from the Office of the Comptroller of Texas as to the right of
Crude JV to transact business in Texas; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:2%; text-indent:10%; font-size:10pt; font-family:Times New Roman">(iii) deliver to Buyer the original minute books of Crude JV; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:2%; text-indent:10%; font-size:10pt; font-family:Times New Roman">(iv) execute and deliver to Buyer and Sellers a counterpart to the Transition Services Agreement in the form attached hereto
as <B><U>Exhibit B</U></B>; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:2%; text-indent:10%; font-size:10pt; font-family:Times New Roman">(v) either remove in accordance with the terms of the LLC Agreement each Manager and Officer
as of the Closing Date from such position, effective as of the Closing Date, or deliver to Buyer a written resignation executed by each Manager and Officer as of the Closing Date in his or her capacity as such, effective as of the Closing Date; </P>

 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">40 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:10%; font-size:10pt; font-family:Times New Roman">(vi) deliver to Buyer evidence reasonably satisfactory to Buyer of payment in
full of all Indebtedness, if any, owed by Newco or Crude JV, including payoff letters from such entities&#146; lenders, each in form and substance acceptable to Buyer and Lien releases and UCC termination statements evidencing the release of all
Liens in and upon any of the Assets of Crude JV or Newco; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:2%; text-indent:10%; font-size:10pt; font-family:Times New Roman">(vii) deliver or cause to be delivered to Buyer a
Confidentiality and Non-Competition Agreement in the form attached hereto as <B><U>Exhibit G</U></B>, executed by Steven Meisel; and </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:2%; text-indent:10%; font-size:10pt; font-family:Times New Roman">(viii) deliver to Buyer a counterpart to the amendment to the Approach COPA in the form attached hereto as <B><U>Exhibit
F</U></B>, duly executed by Crude JV. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) Buyer will: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:2%; text-indent:10%; font-size:10pt; font-family:Times New Roman">(i) deliver to Sellers a certificate executed by an authorized officer of each of the Partnership and Buyer certifying as to
the satisfaction of the conditions set forth in <U>Section&nbsp;7.1(a)</U>, and <U>Section&nbsp;7.1(b)</U>; and </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:2%; text-indent:10%; font-size:10pt; font-family:Times New Roman">(ii) make
by wire transfer those cash payments specified in <U>Section&nbsp;2.2(c)</U>. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) Wildcat will: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:2%; text-indent:10%; font-size:10pt; font-family:Times New Roman">(i) deliver to Buyer a counterpart to the Transition Services Agreement, duly executed by Wildcat Operating, in the form
attached hereto as <B><U>Exhibit B</U></B>; and </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:2%; text-indent:10%; font-size:10pt; font-family:Times New Roman">(ii) deliver to Buyer the Termination Agreement, duly executed by Wildcat
Operating and Crude JV. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(e) Approach will deliver or cause to be delivered to Buyer counterparts of the amendment to the Approach COPA in
the form attached hereto as <B><U>Exhibit F</U></B>, duly executed by Approach Operating, LLC, Approach Oil and Gas Inc. and/or any other applicable party controlled by Approach Parent. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(f) Sellers, Approach Operating, LLC and Approach Oil&nbsp;&amp; Gas Inc., Crude JV and/or any other applicable party will execute and deliver
to Buyer the Memorandums of Dedication counterparts of the Memorandum of Dedication Agreement in the form attached hereto as <B><U>Exhibit E</U></B>. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE IX </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>TERMINATION
</B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">9.1 <U>Termination at or Prior to Closing</U>. This Agreement may be terminated prior to Closing and the transactions contemplated
hereby may be abandoned as follows: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) Sellers and Buyer may elect to terminate this Agreement at any time prior to the Closing by mutual
written consent; </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">41 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) Sellers or Buyer, may terminate this Agreement by written notice to the other Parties if
(i)&nbsp;the Closing shall not have occurred on or before October&nbsp;18, 2013 (the&nbsp;&#147;<U>Termination Date</U>&#148;), <U>provided</U>, <U>however</U>, that, if any applicable filings are required under the HSR Act, either Buyer or Sellers
shall have the option to extend the Termination Date, by delivering written notice to the other on or before the Termination Date, for a period of time not to exceed the lesser of (A)&nbsp;thirty (30)&nbsp;days after the Termination Date or
(B)&nbsp;two (2)&nbsp;Business Days following the expiration of the initial waiting period under the HSR Act (or early termination thereof) (the &#147;<U>Extended Termination Date</U>&#148;) if all other conditions to the Closing are satisfied at
the time of such written notice or capable of then being satisfied and the sole reason the Closing has not been consummated is that the conditions set forth in <U>Section&nbsp;7.1(e)</U> and <U>Section&nbsp;7.2(j)</U> have not been satisfied or
(ii)&nbsp;if any Restraint shall be in effect and shall have become final and nonappealable; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) Sellers may terminate this Agreement by
joint written notice to Buyer given at any time prior to the Closing if Buyer shall have breached any representations, warranty or covenant of Buyer herein contained in such a manner such that the conditions to Closing contained in
<U>Section&nbsp;7.1(a)</U> and <U>Section&nbsp;7.1(b)</U> would not be satisfied; <U>provided</U>, <U>however</U>, that, if such breach may be cured by Buyer through the use of its commercially reasonable efforts and for so long as Buyer continues
to use such efforts, Sellers may not terminate this Agreement under this <U>Section&nbsp;9.1(c)</U> until after the Termination Date; <U>provided</U>, <U>further</U>, that Buyer shall have five (5)&nbsp;Business Days after the receipt of written
notice from Sellers of such breach to commence curative actions as described in this <U>Section&nbsp;9.1(c)</U>; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) Buyer may terminate
this Agreement by written notice to each of the Sellers given at any time prior to the Closing if Sellers shall have breached any representation, warranty or covenant of Sellers herein contained in such a manner such that the conditions to Closing
contained in <U>Section&nbsp;7.2(a)</U>, <U>Section&nbsp;7.2(b)</U> and <U>Section&nbsp;7.2(d)</U> would not be satisfied; <U>provided</U>, <U>however</U>, that, if such breach may be cured by Sellers through the use of their commercially reasonable
efforts and for so long as Sellers continue to use such efforts, Buyer may not terminate this Agreement under this <U>Section&nbsp;9.1(d)</U> until after the Termination Date; <U>provided</U>, <U>further</U>, that Sellers shall have five
(5)&nbsp;Business Days after the receipt of written notice from Buyer of such breach to commence curative actions as described in this <U>Section&nbsp;9.1(d)</U>; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(e) Buyer may terminate this Agreement by written notice to each of the Sellers given at any time prior to the Closing if Crude JV shall have
breached any representation, warranty or covenant of Crude JV herein contained in such a manner such that the conditions to Closing contained in <U>Section&nbsp;7.2(a)</U>, <U>Section&nbsp;7.2(b)</U> and <U>Section&nbsp;7.2(c)</U> would not be
satisfied; <U>provided</U>, <U>however</U>, that, if such breach may be cured by Sellers or Crude JV through the use of their commercially reasonable efforts and for so long as Sellers or Crude JV continue to use such efforts, Buyer may not
terminate this Agreement under this <U>Section&nbsp;9.1(e)</U> until after the Termination Date, <U>provided</U>, <U>further</U>, that Sellers and Crude JV shall have five (5)&nbsp;Business Days after the receipt of written notice from Buyer of such
breach to commence curative actions as described in this <U>Section&nbsp;9.1(e)</U>; or </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">42 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(f) Sellers may terminate this Agreement by written notice to Buyer if Buyer does not deposit the
Earnest Money Escrow Amount with the Escrow Agent pursuant to <U>Section&nbsp;2.2(b)</U> on or before 11:59 p.m. on the first Business Day after the date of this Agreement. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Notwithstanding anything in the foregoing to the contrary, a Party that is in material breach of any provision of this Agreement, or whose
breach caused a condition to Closing under <U>Article VIII</U> not to have been satisfied, shall not be entitled to terminate this Agreement pursuant to <U>Section&nbsp;9.1(c)</U>, <U>Section&nbsp;9.1(d)</U> or <U>Section&nbsp;9.1(e)</U> except, in
the case of a material breach by Sellers or Crude JV, with the written consent of Buyer, or in the case of a material breach by Buyer, with the written consent of each of the Sellers. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">9.2 <U>Effect of Termination</U>. If the Closing does not occur as a result of a Party exercising its right to terminate pursuant to
<U>Section&nbsp;9.1</U>, then no Party shall have any further rights or obligations under this Agreement, except that (a)&nbsp;nothing herein shall relieve a Party, Approach Parent, Wildcat Parent or Wildcat Operating from any liability for any
knowing and intentional breach of this Agreement, and (b)&nbsp;the provisions of <U>Section&nbsp;2.4</U>, <U>Section&nbsp;2.6</U>, <U>Section&nbsp;6.3</U>, this <U>Section&nbsp;9.2</U>, <U>Section&nbsp;10.8</U> through <U>Section&nbsp;10.11</U>
(inclusive) and <U>Article&nbsp;XI</U> (other than <U>Section&nbsp;11.15</U>) and the Confidentiality Agreement shall survive any termination of this Agreement. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE X </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>INDEMNIFICATION </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">10.1
<U>Survival</U>. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) <U>Representations and Warranties; Covenants and Agreements</U>. Regardless of any investigation at any time made by
or on behalf of any Party hereto or of any information any Party may have in respect thereof, each of the representations, warranties, covenants and agreements made in this Agreement, in the certificates to be delivered at Closing pursuant to
<U>Section&nbsp;8.2(a)(i)</U> and <U>Section&nbsp;8.2(b)(i)</U> (the &#147;<U>Seller Certificates</U>&#148;) and in the certificate to be delivered at Closing pursuant to <U>Section&nbsp;8.2(c)(i)</U> (the &#147;<U>Buyer Certificate</U>&#148; and,
together with the Seller Certificates, the &#147;<U>Certificates</U>&#148;) shall survive as follows: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:2%; text-indent:10%; font-size:10pt; font-family:Times New Roman">(i) the Seller
Fundamental Representations, Crude JV Fundamental Representations and Buyer Fundamental Representations shall survive <B>[REDACTED]*</B>; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:2%; text-indent:10%; font-size:10pt; font-family:Times New Roman">(ii) the representations and warranties set forth in <U>Section&nbsp;4.6</U> (Taxes) and the covenants contained in
<U>Section&nbsp;6.7</U> (Tax Matters) shall terminate on <B>[REDACTED]*</B>; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:2%; text-indent:10%; font-size:10pt; font-family:Times New Roman">(iii) each of the other representations and
warranties set forth in <U>Article&nbsp;III</U>, <U>Article&nbsp;IV</U>, <U>Article V</U> and in the Certificates shall terminate on <B>[REDACTED]*</B>; and </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:2%; text-indent:10%; font-size:10pt; font-family:Times New Roman">(iv) except as otherwise provided in <U>Section&nbsp;10.1(a)(ii)</U>, the covenants and agreements made by the Parties in this
Agreement (1)&nbsp;that are required to be performed on or before the Closing Date, including the covenants contained in <U>Section&nbsp;6.1</U>, shall terminate at the Closing, and (2)&nbsp;that are required to be performed after the Closing Date
shall survive until performed or fulfilled; <U>provided</U>, <U>however</U>, that notwithstanding anything to the contrary in this </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">43 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman">
<U>Article X</U>, (A)&nbsp;the Buyer Indemnitees shall be entitled to make a Claim for indemnification pursuant to <U>Section&nbsp;10.3</U> with respect to Losses arising out of a Seller&#146;s
breach of any covenant or agreement contained in this Agreement that occurred prior to the Closing until <B>[REDACTED]*</B>, and (B)&nbsp;(x)&nbsp;the covenant of Buyer set forth in <U>Section&nbsp;6.11(a)</U> shall survive the Closing until
&nbsp;<B>[REDACTED]* </B>solely for the purpose of allowing any Seller Indemnitee to assert a Claim for breach, if any, of such covenant with respect to a representation or warranty set forth in <U>Article III</U> or <U>Article IV</U> other than any
Seller Fundamental Representation or any Crude JV Fundamental Representation in response to any Claim Notice by a Buyer Indemnitee asserting a breach of such representation or warranty, (y)&nbsp;the amount of Losses to which any Seller Indemnitee
shall be entitled with respect to any such Claim shall not exceed the amount of Losses to which such Buyer Indemnitee shall be entitled with respect to such Claim asserted by such Buyer Indemnitee that would have been avoided had Buyer complied with
its covenant under <U>Section&nbsp;6.11(a)</U> with respect to such representation and warranty and (z)&nbsp;any such Losses to which any Seller Indemnitee shall be entitled shall be recoverable solely by offset against the Losses to which the Buyer
Indemnitee shall be entitled with respect to such Claim. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) <U>Pending Claims</U>. Notwithstanding the foregoing, if a Claim Notice is
provided in accordance with this <U>Article X</U> before the termination of the applicable representation, warranty, covenant or agreement pursuant to <U>Section&nbsp;10.1(a)</U> or as expressly permitted pursuant to
<U>Section&nbsp;10.1(a)(iv)(A)</U> or <U>(B)</U>, then (notwithstanding such termination) the representation, warranty, covenant or agreement giving rise to such Claim shall survive until, but only for the purpose of, the Final Resolution of such
Claim. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">10.2 <U>Indemnification by the Partnership, Buyer and Crude JV</U>. Effective upon the Closing and subject to the other provisions
of this <U>Article X</U>, the Partnership, Buyer and Crude JV, jointly and severally, shall defend, indemnify and hold harmless Sellers, their Affiliates and all of their respective managers, partners, directors, officers, and owners (collectively,
the &#147;<U>Seller Indemnitees</U>&#148;) from and against any and all Losses asserted against, resulting from, imposed upon or incurred by any of the Seller Indemnitees, REGARDLESS OF WHETHER SUCH CLAIM OR LOSS WAS CAUSED OR CONTRIBUTED TO BY THE
NEGLIGENCE, STRICT LIABILITY, OR OTHER FAULT OF, SELLERS, SELLER INDEMNITEES, OR ANY OF THEIR AGENTS OR EMPLOYEES, as a result of or arising out of: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) any Aggregate Consideration Surplus; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) any breach of the Buyer Fundamental Representations; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) any breach of any representation or warranty in <U>Article V</U> or the Buyer Certificate (other than the Buyer Fundamental
Representations); </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) any failure by the Partnership or Buyer to comply with any covenant or agreement of the Partnership or Buyer
contained in this Agreement, or any failure by Crude JV to comply after Closing with any covenant or agreement of Crude JV contained in this Agreement that is required to be performed by Crude JV after Closing; and </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(e) the Guaranteed Obligations. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">44 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">10.3 <U>Indemnification by Sellers</U>. Effective upon the Closing and subject to the other
provisions of this <U>Article X</U>, each Seller, severally and not jointly, shall defend, indemnify and hold harmless Buyer, its Affiliates (including, after the Closing, Crude JV) and all of their respective managers, partners, directors,
officers, and owners (collectively, the &#147;<U>Buyer Indemnitees</U>&#148;) from and against any and all Losses asserted against, resulting from, imposed upon or incurred by any of the Buyer Indemnitees as a result of or arising out of: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) any Aggregate Consideration Deficit, subject to <U>Section&nbsp;2.5(b)(i)</U>; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) any breach of the Seller Fundamental Representations or Crude JV Fundamental Representations; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) any breach of any representation or warranty in <U>Article III</U>, <U>Article IV</U> or the Seller Certificates (other than the Seller
Fundamental Representations and the Crude JV Fundamental Representations); and </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) any failure by such Seller to comply with any covenant
or agreement of such Seller contained in this Agreement, or any failure by Crude JV to comply on or prior to Closing with any covenant or agreement of Crude JV contained in this Agreement that is required to be performed by Crude JV on or prior to
Closing. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">For the avoidance of doubt, Sellers shall be obligated, severally and not jointly, to indemnify the Buyer Indemnitees pursuant
to, and subject to the terms and limitations of, this <U>Article X</U> for any breach of any representation or warranty in <U>Article III</U>, <U>Article IV</U> or the Seller Certificates or the failure by Crude JV to comply prior to Closing with
any covenant or agreement of Crude JV contained in this Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><B>[REDACTED]*</B> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">10.4 <U>Certain Limitations</U>. The rights of the Buyer Indemnitees and the Seller Indemnitees to indemnification under this <U>Article X</U>
shall be limited as follows: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) No Claim Notice for indemnification may be provided with respect to any Claim for breach of a
representation, warranty, covenant or agreement in this Agreement beyond the applicable survival period specified in <U>Section&nbsp;10.1(a)</U>, except as expressly permitted pursuant to <U>Section&nbsp;10.1(a)(iv)(A)</U> or <U>(B)</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) The recovery of Losses by any Buyer Indemnitee pursuant to <U>Section&nbsp;10.3(c)</U>, together with all Losses recovered by other Buyer
Indemnitees under such provisions, shall be limited to an aggregate amount equal to <B>[REDACTED]*</B>. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) No Indemnitee shall be
entitled to recover Losses: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:2%; text-indent:10%; font-size:10pt; font-family:Times New Roman">(i) pursuant to <U>Section&nbsp;10.2(b)</U>, <U>Section&nbsp;10.2(c)</U>,
<U>Section&nbsp;10.2(d)</U>, <U>Section&nbsp;10.3(b)</U>, <U>Section&nbsp;10.3(c)</U> or <U>Section&nbsp;10.3(d)</U> unless, with respect to each individual Claim, the Buyer Indemnitees or Seller Indemnitees, as applicable, shall have collectively
suffered or incurred Losses with respect to the individual Claim or series of related Claims that arise out of substantially the same facts and circumstances for which recovery is sought in excess of <B>[REDACTED]*</B>, subject to the limitations
imposed by the other provisions of this <U>Article X</U>; </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">45 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:10%; font-size:10pt; font-family:Times New Roman">(ii) pursuant to <U>Section&nbsp;10.2(c)</U> or <U>Section&nbsp;10.3(c)</U>
(other than with respect to a Claim for breach of the representations and warranties set forth in <U>Section&nbsp;4.6</U> (Taxes)) unless the Buyer Indemnitees or Seller Indemnitees, as applicable, shall have collectively suffered or incurred
aggregate Losses otherwise recoverable under <U>Section&nbsp;10.3(c)</U> or <U>Section&nbsp;10.2(c)</U>, respectively, in an amount in excess of <B>[REDACTED]*</B>; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:2%; text-indent:10%; font-size:10pt; font-family:Times New Roman">(iii) in the case of Buyer Indemnitees, for which a Claim for indemnification may be made under <U>Section&nbsp;10.3(c)</U>,
in an amount in excess of <B>[REDACTED]*</B>; and </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:2%; text-indent:10%; font-size:10pt; font-family:Times New Roman">(iv) in the case of Seller Indemnitees, (A)&nbsp;for which a Claim for
indemnification may be made under <U>Section&nbsp;10.2(b)</U> in an amount in excess of <B>[REDACTED]*</B>. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) Notwithstanding anything
to the contrary in this Agreement: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:2%; text-indent:10%; font-size:10pt; font-family:Times New Roman">(i) No investigation or knowledge of any Party, whenever undertaken or however
obtained, shall limit such Party&#146;s right to indemnification hereunder in any manner, except as provided in <U>Section&nbsp;10.1(a)(iv)(B)</U>, and </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:2%; text-indent:10%; font-size:10pt; font-family:Times New Roman">(ii) the provisions of this <U>Article X</U> shall apply in such a manner as not to give duplicative effect to any item of
adjustment and if there has been an adjustment to the Cash Amount for any Loss, there shall not be any charge against the Deductible and no Indemnitee may assert a breach of any representation or warranty with respect to any Loss that gave rise to
such adjustment in the Cash Amount pursuant to <U>Section&nbsp;2.3</U> to the extent of the amount of such Loss given effect in such adjustment to the Cash Amount. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(e) If a Buyer Indemnitee asserts a Claim for indemnification under <U>Section&nbsp;10.3(a)</U>, the Buyer Indemnitee shall first recover any
Aggregate Consideration Deficit with respect to such Claim from the Purchase Price Escrow Fund pursuant to <U>Section&nbsp;2.3(d)(i)</U>, and if the Purchase Price Escrow Fund shall be insufficient to pay in full the amount of such Losses, then,
subject to compliance with the terms of <U>Section&nbsp;2.5(b)(i)</U>, the Buyer Indemnitees shall be entitled to recover from, and have personal recourse to, each Seller for 50% of the Escrow Cash Shortfall; <U>provided</U>, <U>however</U>, that
the liability of each Seller shall be several, not joint. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(f) If a Buyer Indemnitee asserts a Claim for indemnification under
<U>Section&nbsp;10.3(c)</U>, the Buyer Indemnitee shall be entitled to recover Losses with respect to such Claim <B>[REDACTED]*</B>. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(g)
If a Buyer Indemnitee asserts a Claim for indemnification under <U>Section&nbsp;10.3(b)</U> for a breach of the Crude JV Fundamental Representations or a Claim for indemnification under <U>Section&nbsp;10.3(d)</U> for a failure by Crude JV to comply
with any covenant or agreement contained in this Agreement, the Buyer Indemnitee shall first recover Losses incurred with respect to such Claim from the <B>[REDACTED]*</B>. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">46 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(h) If a Buyer Indemnitee asserts a Claim for indemnification under <U>Section&nbsp;10.3(b)</U>
for a breach of Seller Fundamental Representations or a Claim for indemnification under <U>Section&nbsp;10.3(d)</U> for a failure by a Seller to comply with any covenant or agreement of such Seller contained in this Agreement: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:2%; text-indent:10%; font-size:10pt; font-family:Times New Roman">(i) each Seller whose breach gives rise to or forms the basis for any such Claim shall be severally, and not jointly, liable
for all Losses incurred by the Indemnified Party with respect to such Seller&#146;s breach or failure to comply; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:2%; text-indent:10%; font-size:10pt; font-family:Times New Roman">(ii) the
Indemnified Party shall recover the full amount of all Losses incurred with respect to any such Claim <B>[REDACTED]*</B>; and </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:2%; text-indent:10%; font-size:10pt; font-family:Times New Roman">(iii) subject to <U>Section&nbsp;10.4(i)</U>, with respect to any such Claim, if the amount recovered from <B>[REDACTED]*</B>.
</P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(i) Notwithstanding any other provision of this Agreement, the Buyer Indemnitees shall not be entitled to recover Losses from, or have any
other recourse against, any Seller relating to any Claims arising out of this Agreement in excess of (without duplication) the actual proceeds received by such Seller pursuant to the transactions contemplated by this Agreement. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">10.5 <U>Use of Indemnity Escrow Fund</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) Subject to <U>Section&nbsp;10.4(i)</U>, upon any recovery by any Buyer Indemnitee from the Indemnity Escrow Fund upon a Claim for
indemnification pursuant to (i)<U>&nbsp;Section&nbsp;10.3(b)</U> for a breach by a Seller of a Seller Fundamental Representation or (ii)<U>&nbsp;Section&nbsp;10.3(d)</U> for a failure of a Seller to comply with any covenant or agreement of such
Seller contained in this Agreement, then the Seller whose breach gave rise to or forms the basis for such Claim shall be obligated to pay into and replenish the Indemnity Escrow Fund in an amount equal to the amount of the Uncapped Distribution paid
to the Buyer Indemnitee(s) from the Indemnity Escrow Fund to satisfy any Losses related to such Claim. For the avoidance of doubt, this <U>Section&nbsp;10.5(a)</U> may be enforced against a Seller by the other Seller. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) Solely as among Sellers, upon any recovery by any Buyer Indemnitee from the Indemnity Escrow Fund upon a Claim for indemnification pursuant
to <U>Section&nbsp;10.3(c)</U> for a breach by a Seller of any representation or warranty of such Seller contained in <U>Article III</U>, the Seller whose breach gave rise to or forms the basis for such Claim or otherwise gave rise to such Losses
shall pay to the other Seller an amount in cash equal to 50% of the amount paid out of the Indemnity Escrow Fund to the Buyer Indemnitee(s) to satisfy the Losses related to such Claim. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) To the extent any amounts required to be paid to the Indemnity Escrow Fund pursuant to <U>Section&nbsp;10.5(a)</U> or required to be paid
to a Seller pursuant to <U>Section&nbsp;10.5(b)</U> are not so paid as of the time a distribution to Sellers from the Indemnity Escrow Fund is to be made, the Seller who is not required to make such payment shall be entitled to receive as part of
such distribution out of the Indemnity Escrow Fund, out of the amounts otherwise distributable to such Seller who is required to make such payment, the amount payable pursuant to <U>Section&nbsp;10.5(a)</U> or <U>Section&nbsp;10.5(b)</U> that has
not been paid as of such time. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">47 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">10.6 <U>Notice of Asserted Liability; Opportunity to Defend</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) All Claims for indemnification hereunder shall be asserted and handled pursuant to this <U>Section&nbsp;10.6</U>. Any Person asserting
indemnification hereunder is referred to herein as the &#147;<U>Indemnified Party</U>&#148; or &#147;<U>Indemnitee</U>&#148; and any Person against whom such claims are asserted hereunder is referred to herein as the &#147;<U>Indemnifying
Party</U>&#148; or &#147;<U>Indemnitor</U>.&#148; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) If any Claim is asserted against or any Loss is sought to be collected from an
Indemnifying Party, the Indemnified Party shall with reasonable promptness (and in any event prior to the expiration of the relevant survival period set forth in <U>Section&nbsp;10.1(a)</U>) provide to the Indemnifying Party a Claim Notice (and any
Claim Notice provided to any Seller shall be provided to each Seller). The failure to notify the Indemnifying Party shall not relieve it of any liability that it may have to any Indemnified Party with respect to such Claim or Loss except to the
extent the Indemnifying Party shall have been prejudiced by such failure or to the extent the Claim Notice was provided after the expiration of the relevant survival period set forth in <U>Section&nbsp;10.1(a)</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) The Indemnifying Party shall have twenty (20)&nbsp;days from receipt of the Claim Notice (the &#147;<U>Notice Period</U>&#148;) to notify
the Indemnified Party in writing (i)&nbsp;whether or not the Indemnifying Party disputes the liability to the Indemnified Party hereunder with respect to the Claim or Loss, (ii)&nbsp;in any case in which Losses are asserted against or sought to be
collected from an Indemnifying Party by an Indemnified Party, whether or not the Indemnifying Party desires at its own sole cost and expense to attempt to remedy such Losses or (iii)&nbsp;in any case in which Claims are asserted against or sought to
be collected from an Indemnified Party by a Third Person (&#147;<U>Third Person Claim</U>&#148;), whether or not the Indemnifying Party desires at its own sole cost and expense to defend the Indemnified Party against such Third Person Claim. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) If the Indemnifying Party notifies the Indemnified Party within the Notice Period that it desires to defend the Indemnified Party against a
Third Person Claim, the Indemnifying Party shall have the right to defend all appropriate Proceedings with counsel of its own choosing (but reasonably satisfactory to the Indemnified Party) and such Proceedings shall be diligently prosecuted by it
to settlement or a final conclusion. If the Indemnified Party desires to participate in any such defense or settlement, other than at the request of the Indemnifying Party, it may do so at its sole cost and expense. If the Indemnified Party joins in
defending in any such Third Person Claim, the Indemnifying Party shall have full authority to determine all action to be taken with respect thereto. If the Indemnifying Party elects not to defend the Indemnified Party against a Third Person Claim or
does not provide an answer within the Notice Period, the Indemnified Party shall be entitled to assume the defense of all appropriate Proceedings related thereto with counsel of its choosing and the Indemnifying Party shall be responsible for paying
for counsel for the Indemnified Party if it is otherwise entitled to indemnification with respect to such matter. If a Proceeding is asserted against both the Indemnifying Party and the Indemnified Party and there are defenses available to the
Indemnified Party that are not available to the Indemnifying Party or there is a conflict of interest that renders it inappropriate for the same counsel to represent both the Indemnifying Party and the Indemnified Party, the Indemnifying Party shall
be responsible for paying for separate counsel for the Indemnified Party; <U>provided</U>, <U>however</U>, that, if there is more than one Indemnified Party, the Indemnifying Party shall not be responsible for paying for more than one separate firm
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">48 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
of attorneys (in addition to local counsel) to represent the Indemnified Parties, regardless of the number of Indemnified Parties. No compromise or settlement of any Proceeding may be effected by
the Indemnifying Party without the Indemnified Party&#146;s written consent unless the sole relief provided is monetary damages that are paid in full by the Indemnifying Party and such settlement includes the granting by each claimant or plaintiff
to each Indemnified Party of an unconditional release from all liability in respect of such Third Person Claim and the related Proceeding. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(e) If requested by the Indemnifying Party, the Indemnified Party agrees to cooperate with the Indemnifying Party and its counsel, at the cost
and expense of the Indemnifying Party, in contesting any Third Person Claim, in making any counterclaim against the Third Person asserting the Third Person Claim or in making any cross-complaint against any Person. Notwithstanding anything to the
contrary contained in this Agreement, no Third Person Claim may be settled or otherwise compromised without the prior written consent of the Indemnifying Party. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(f) The costs and expenses of a Buyer Indemnitee or Seller Indemnitee, including the fees, costs and expenses of its separate counsel, experts
(including expert witnesses), consultants and any other representatives engaged by it, incurred in connection with the defense and settlement or Final Resolution of any Third Person Claim as to which such Buyer Indemnitee or Seller Indemnitee, as
the case may be, has the right to control shall be treated as &#147;Losses&#148; for all purposes hereunder. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B></B>10.7 <U>Exclusive
Remedy</U>. <B>AS BETWEEN THE BUYER INDEMNITEES AND SELLERS, ON ONE HAND, AND THE SELLER INDEMNITEES AND THE PARTNERSHIP AND BUYER, ON THE OTHER, AFTER CLOSING, OTHER THAN WITH RESPECT TO CLAIMS FOR KNOWING AND INTENTIONAL FRAUD WITH RESPECT TO THE
REPRESENTATIONS AND WARRANTIES IN <U>ARTICLE III</U>, <U>ARTICLE IV</U>, <U>ARTICLE V</U> AND THE CERTIFICATES, AS APPLICABLE, OR THE PARTIES&#146; RIGHT TO SEEK SPECIFIC PERFORMANCE UNDER <U>SECTION 11.3</U> (A)&nbsp;THE PROVISIONS SET FORTH IN
THIS <U>ARTICLE X</U> SHALL BE THE SOLE AND EXCLUSIVE RIGHTS, OBLIGATIONS AND REMEDIES OF THE PARTIES WITH RESPECT TO THIS AGREEMENT, THE CERTIFICATES, THE EVENTS GIVING RISE THERETO, AND THE TRANSACTIONS PROVIDED FOR HEREIN OR CONTEMPLATED HEREBY
AND (B)&nbsp;NO PARTY OR ANY OF ITS SUCCESSORS OR ASSIGNS SHALL HAVE ANY RIGHTS AGAINST ANY OTHER PARTY OR ITS AFFILIATES UNDER THIS AGREEMENT, THE CERTIFICATES OR WITH RESPECT TO THE TRANSACTIONS CONTEMPLATED HEREBY OTHER THAN AS IS EXPRESSLY
PROVIDED IN THIS <U>ARTICLE X</U>. THE PARTIES HERETO HAVE VOLUNTARILY AGREED TO DEFINE THEIR RIGHTS, LIABILITIES AND OBLIGATIONS RESPECTING THE SUBJECT MATTER OF THIS AGREEMENT EXCLUSIVELY IN CONTRACT PURSUANT TO THE EXPRESS TERMS AND PROVISIONS OF
THIS AGREEMENT; AND, WITHOUT LIMITING THE RIGHT OF ANY PARTY TO RELY ON THE REPRESENTATIONS AND WARRANTIES MADE TO SUCH PARTY IN <U>ARTICLE III</U>, <U>ARTICLE IV</U> AND <U>ARTICLE V</U> HEREIN, THE PARTIES HERETO EXPRESSLY DISCLAIM THAT THEY ARE
OWED ANY DUTIES OR ARE ENTITLED TO ANY REMEDIES NOT EXPRESSLY SET FORTH IN THIS </B></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">49 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>
AGREEMENT. FURTHERMORE, THE PARTIES EACH HEREBY ACKNOWLEDGE THAT THIS AGREEMENT EMBODIES THE JUSTIFIABLE EXPECTATION OF SOPHISTICATED PARTIES DERIVED FROM ARM&#146;S LENGTH NEGOTIATIONS; ALL
PARTIES TO THIS AGREEMENT SPECIFICALLY ACKNOWLEDGE THAT NO PARTY HAS ANY SPECIAL RELATIONSHIP WITH ANOTHER PARTY THAT WOULD JUSTIFY ANY EXPECTATION BEYOND THAT OF AN ORDINARY BUYER AND AN ORDINARY SELLER IN AN ARM&#146;S LENGTH TRANSACTION. THE SOLE
AND EXCLUSIVE REMEDY FOR ANY BREACH OF THE REPRESENTATIONS AND WARRANTIES SET FORTH HEREIN OR IN THE CERTIFICATES SHALL BE THOSE REMEDIES AVAILABLE AT LAW; AND, OTHER THAN WITH RESPECT TO CLAIMS FOR KNOWING AND INTENTIONAL FRAUD, AND WITHOUT
LIMITING THE RIGHT OF ANY PARTY TO RELY ON THE REPRESENTATIONS AND WARRANTIES MADE TO SUCH PARTY IN <U>ARTICLE III</U>, <U>ARTICLE IV</U> AND <U>ARTICLE V</U> HEREIN, THE PARTIES HERETO HEREBY WAIVE AND RELEASE ANY AND ALL TORT CLAIMS AND CAUSES OF
ACTION THAT MAY BE BASED UPON, ARISE OUT OF OR RELATE TO THIS AGREEMENT, OR THE NEGOTIATION, EXECUTION OR PERFORMANCE OF THIS AGREEMENT (INCLUDING ANY TORT CLAIM OR CAUSE OF ACTION BASED UPON, ARISING OUT OF OR RELATED TO ANY REPRESENTATION OR
WARRANTY MADE IN OR IN CONNECTION WITH THIS AGREEMENT, THE CERTIFICATES OR AS AN INDUCEMENT TO ENTER INTO THIS AGREEMENT). WITHOUT LIMITATION OF THE FOREGOING, FROM AND AFTER THE CLOSING, OTHER THAN WITH RESPECT TO CLAIMS FOR KNOWING AND INTENTIONAL
FRAUD, THE SOLE AND EXCLUSIVE REMEDY OF THE PARTNERSHIP, BUYER AND THE BUYER INDEMNITEES FOR ANY AND ALL (X)&nbsp;CLAIMS RELATING TO ANY REPRESENTATIONS, WARRANTIES, COVENANTS AND AGREEMENTS CONTAINED IN THIS AGREEMENT OR THE CERTIFICATES,
(Y)&nbsp;OTHER CLAIMS PURSUANT TO OR IN CONNECTION WITH THIS AGREEMENT AND (Z)&nbsp;OTHER CLAIMS RELATING TO THE INTERESTS AND THE PURCHASE AND SALE THEREOF SHALL BE ANY RIGHT TO INDEMNIFICATION FROM SUCH CLAIMS THAT IS EXPRESSLY PROVIDED IN THIS
AGREEMENT, AND IF NO SUCH RIGHT OF INDEMNIFICATION IS EXPRESSLY PROVIDED, THEN SUCH CLAIMS ARE HEREBY WAIVED TO THE FULLEST EXTENT PERMITTED BY LAW. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B></B>10.8 <U>Limitation on Damages</U>. <B>NOTWITHSTANDING ANYTHING TO THE CONTRARY IN THIS AGREEMENT, IN NO EVENT SHALL ANY PARTY BE LIABLE
TO ANY OTHER PARTY, OR TO ANY INDEMNITEE, UNDER THIS AGREEMENT FOR ANY EXEMPLARY, PUNITIVE, REMOTE, SPECULATIVE, INDIRECT, CONSEQUENTIAL, SPECIAL, LOST PROFITS, MULTIPLE OF EARNINGS OR DIMINUTION IN ENTERPRISE VALUE DAMAGES, AND NO CLAIM SHALL BE
MADE OR AWARDED AGAINST ANY PARTY FOR ANY SUCH DAMAGES; <U>PROVIDED</U>, <U>HOWEVER</U>, THIS <U>SECTION 10.8 </U>SHALL NOT LIMIT THE RIGHT OF THE BUYER INDEMNITEES OR THE SELLER INDEMNITEES TO RECOVER ANY LOSS TO THE EXTENT ACTUALLY SUFFERED,
INCURRED OR PAID BY THE BUYER INDEMNITEES OR THE SELLER INDEMNITEES TO ANY THIRD PERSON OR WITH RESPECT TO ANY THIRD PERSON OBLIGATION TO THE EXTENT SUCH LOSSES OTHERWISE WOULD BE RECOVERABLE UNDER THIS <U>ARTICLE X</U> WITHOUT REGARD TO THIS
<U>SECTION 10.8</U>. </B></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">50 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">10.9 <U>Bold and/or Capitalized Letters</U>. <B>THE PARTIES ACKNOWLEDGE THAT THE BOLD AND
CAPITALIZED LETTERS IN THIS AGREEMENT CONSTITUTE CONSPICUOUS LEGENDS.</B> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">10.10 <U>Disclaimer</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) <B>WITHOUT DIMINISHING THE REPRESENTATIONS AND WARRANTIES MADE BY SELLERS IN <U>ARTICLE III</U> AND CRUDE JV IN <U>ARTICLE&nbsp;IV</U>, THE
PARTNERSHIP AND BUYER ACKNOWLEDGE THAT: (1)&nbsp;THE ASSETS OWNED BY CRUDE JV HAVE BEEN USED FOR HYDROCARBON MIDSTREAM OPERATIONS AND PHYSICAL CHANGES IN SUCH ASSETS AND IN THE LANDS BURDENED THEREBY MAY HAVE OCCURRED AS A RESULT OF SUCH USES AND
(2)&nbsp;SUCH ASSETS INCLUDE ABOVE-GROUND AND BURIED PIPELINES AND OTHER EQUIPMENT, THE LOCATIONS OF WHICH MAY NOT BE READILY APPARENT BY A PHYSICAL INSPECTION OF SUCH ASSETS OR THE LANDS BURDENED THEREBY. EXCEPT FOR THE SPECIFIC REPRESENTATIONS AND
WARRANTIES EXPRESSLY MADE BY SELLERS IN <U>ARTICLE III</U> AND CRUDE JV IN <U>ARTICLE IV</U>, (1)&nbsp;THE PARTNERSHIP AND BUYER ACKNOWLEDGE AND AGREE THAT (A)&nbsp;NEITHER SELLERS NOR CRUDE JV IS MAKING OR HAS MADE ANY REPRESENTATION OR WARRANTY,
EXPRESSED OR IMPLIED, AT LAW OR IN EQUITY, IN RESPECT OF THE ASSETS, CRUDE JV OR ANY OF CRUDE JV&#146;S BUSINESSES, ASSETS, LIABILITIES, OPERATIONS, PROSPECTS, OR CONDITION (FINANCIAL OR OTHERWISE), INCLUDING WITH RESPECT TO MERCHANTABILITY OR
FITNESS FOR ANY PARTICULAR PURPOSE OF ANY ASSETS, THE NATURE OR EXTENT OF ANY LIABILITIES, THE BUSINESS OR FINANCIAL PROSPECTS, THE EFFECTIVENESS OR THE SUCCESS OF ANY OPERATIONS, OR THE ACCURACY OR COMPLETENESS OF ANY CONFIDENTIAL INFORMATION
MEMORANDA, DOCUMENTS, PROJECTIONS, MATERIAL OR OTHER INFORMATION (FINANCIAL OR OTHERWISE) REGARDING CRUDE JV FURNISHED TO THE PARTNERSHIP, BUYER OR THEIR REPRESENTATIVES OR MADE AVAILABLE TO THE PARTNERSHIP, BUYER OR THEIR REPRESENTATIVES IN ANY
&#147;DATA ROOMS,&#148; &#147;VIRTUAL DATA ROOMS,&#148; MANAGEMENT PRESENTATIONS OR IN ANY OTHER FORM IN EXPECTATION OF, OR IN CONNECTION WITH, THE TRANSACTIONS CONTEMPLATED HEREBY, OR IN RESPECT OF ANY OTHER MATTER OR THING WHATSOEVER, AND
(B)&nbsp;NO OFFICER, AGENT, REPRESENTATIVE OR EMPLOYEE OF SELLERS OR CRUDE JV (OR ANY OF THEIR RESPECTIVE AFFILIATES) HAS ANY AUTHORITY, EXPRESS OR IMPLIED, TO MAKE ANY REPRESENTATIONS, WARRANTIES OR AGREEMENTS NOT SPECIFICALLY SET FORTH IN THIS
AGREEMENT AND SUBJECT TO THE LIMITED REMEDIES HEREIN PROVIDED; (2)&nbsp;THE PARTNERSHIP AND BUYER SPECIFICALLY DISCLAIM THAT EITHER OF THEM IS RELYING UPON OR HAS RELIED UPON ANY SUCH OTHER REPRESENTATIONS OR WARRANTIES THAT MAY HAVE BEEN MADE BY
ANY PERSON, AND ACKNOWLEDGES AND AGREES THAT CRUDE JV AND SELLERS</B> </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">51 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
<B>HAVE SPECIFICALLY DISCLAIMED AND DO HEREBY SPECIFICALLY DISCLAIM ANY SUCH OTHER REPRESENTATION OR WARRANTY MADE BY ANY PERSON; (3)&nbsp;THE PARTNERSHIP AND BUYER SPECIFICALLY DISCLAIM ANY
OBLIGATION OR DUTY BY SELLERS OR CRUDE JV TO MAKE ANY DISCLOSURES OF FACT NOT REQUIRED TO BE DISCLOSED PURSUANT TO THE SPECIFIC REPRESENTATIONS AND WARRANTIES SET FORTH IN <U>ARTICLE III</U> AND <U>ARTICLE IV</U> OF THIS AGREEMENT AND THE
PARTNERSHIP AND BUYER HAVE NOT RELIED UPON THE ABSENCE OF A DISCLOSURE OF ANY SPECIFIC FACT; AND (4)&nbsp;THE PARTNERSHIP AND BUYER ARE ACQUIRING CRUDE JV SUBJECT ONLY TO THE SPECIFIC COVENANTS SET FORTH IN <U>SECTION 6.1</U>, AND REPRESENTATIONS
AND WARRANTIES SET FORTH IN <U>ARTICLES III</U> AND <U>ARTICLE IV</U> OF THIS AGREEMENT AS FURTHER LIMITED BY THE SPECIFICALLY BARGAINED-FOR EXCLUSIVE REMEDIES AS SET FORTH IN THIS <U>ARTICLE X</U>.</B> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><B></B>(b) <B>EXCEPT AS EXPRESSLY SET OUT IN THIS AGREEMENT, SELLERS MAKE NO REPRESENTATION, COVENANT OR WARRANTY, EXPRESS, IMPLIED OR
STATUTORY, AS TO THE ACCURACY OR COMPLETENESS OF ANY DATA OR RECORDS DELIVERED TO, OR MADE AVAILABLE TO, BUYER WITH RESPECT TO (i)&nbsp;CRUDE JV, INCLUDING ANY DESCRIPTION OF CRUDE JV, ITS ASSETS OR PRICING ASSUMPTIONS, OR (ii)&nbsp;FUTURE REVENUES,
RESULTS OF OPERATIONS OR OTHER RESULTS WITH RESPECT TO ANY PROJECTION OR FORECAST DELIVERED TO, OR MADE AVAILABLE TO, BUYER BY OR ON BEHALF OF SELLERS OR ANY OF THEIR AFFILIATES, AND BUYER ACKNOWLEDGES THAT (A)&nbsp;THERE ARE UNCERTAINTIES INHERENT
IN ATTEMPTING TO MAKE SUCH PROJECTIONS AND FORECASTS, (B)&nbsp;BUYER IS FAMILIAR WITH SUCH UNCERTAINTIES AND (C)&nbsp;BUYER IS TAKING FULL RESPONSIBILITY FOR MAKING THEIR OWN EVALUATION OF THE ADEQUACY AND ACCURACY OF ALL SUCH PROJECTIONS AND
FORECASTS FURNISHED; PROVIDED, THAT THE FOREGOING SHALL NOT LIMIT BUYER&#146;S RIGHT TO RECOVERY AGAINST A SELLER WITH RESPECT TO CLAIMS FOR KNOWING AND INTENTIONAL FRAUD BY SUCH SELLER. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B></B>10.11 <U>Express Negligence/Conspicuous Manner</U>. <B>WITH RESPECT TO THIS AGREEMENT, THE PARTIES AGREE THAT THE PROVISIONS SET OUT IN
THIS <U>ARTICLE X</U> COMPLY WITH THE REQUIREMENT, KNOWN AS THE EXPRESS NEGLIGENCE RULE, TO EXPRESSLY STATE IN A CONSPICUOUS MANNER TO AFFORD FAIR AND ADEQUATE NOTICE THAT THIS AGREEMENT HAS PROVISIONS REQUIRING THE INDEMNIFYING PARTY TO BE
RESPONSIBLE FOR THE NEGLIGENCE (WHETHER GROSS, SOLE, JOINT, ACTIVE, PASSIVE, COMPARATIVE OR CONCURRENT), STRICT LIABILITY, OR OTHER FAULT OF THE INDEMNIFIED PARTY. THE PARTIES UNDERSTAND THAT PURSUANT TO THIS AGREEMENT A PARTY IS SOMETIMES AN
INDEMNIFYING PARTY AND SOMETIMES AN INDEMNIFIED PARTY. EACH INDEMNIFYING PARTY REPRESENTS TO THE INDEMNIFIED PARTY (i)&nbsp;THAT IT, THE INDEMNIFYING PARTY, HAS CONSULTED AN ATTORNEY CONCERNING THIS AGREEMENT OR, IF IT HAS NOT CONSULTED AN ATTORNEY,
THAT IT WAS PROVIDED THE OPPORTUNITY AND HAD THE ABILITY TO SO CONSULT, BUT MADE AN INFORMED DECISION NOT TO DO SO, AND (ii)&nbsp;THAT IT, THE INDEMNIFYING PARTY, FULLY UNDERSTANDS ITS OBLIGATIONS UNDER THIS AGREEMENT. </B></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">52 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE XI </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>MISCELLANEOUS PROVISIONS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">11.1 <U>Expenses</U>. Except as set forth in <U>Section&nbsp;2.3(f)</U> and <U>Section&nbsp;2.7(c)</U>, each Party will bear its own
respective costs and expenses (including legal fees and expenses) incurred in connection with the negotiation of this Agreement and the transactions contemplated hereby (and Buyer acknowledges that Crude JV shall pay the costs and expenses of
Sellers, the Managers, the Officers, and the other officers, managers and directors of Sellers and Crude JV); <U>provided</U>, <U>however</U>, that the filing fees with respect to any filing under the HSR Act shall be paid pursuant to
<U>Section&nbsp;6.8(d)</U>. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">11.2 <U>Assignment</U>. No Party may assign this Agreement or any of its rights or obligations arising
hereunder without the prior written consent of the other Parties; <U>provided</U>, <U>however</U>, that without the consent of Sellers, Buyer may, without relieving Buyer from its liabilities or obligations hereunder, (a)&nbsp;assign this Agreement,
and its rights and obligations hereunder, to an Affiliate of Buyer or to an entity formed, controlled and primarily owned by Buyer (but only if such Affiliate or entity is a Delaware limited liability company), or (b)&nbsp;collaterally assign this
Agreement to any entity providing financing to Buyer. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">11.3 <U>Specific Performance</U>. The Parties recognize that in the event of any
breach of this Agreement (whether or not such breach is material or willful), monetary damages alone would not be adequate to compensate the non-breaching Party for its injuries. The non-breaching Party shall therefore be entitled, in addition to
any other remedies that may be available, to obtain specific performance of the terms of this Agreement. If any action is brought to enforce this Agreement, the Parties shall waive the defense that there is an adequate remedy at Law. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">11.4 <U>Entire Agreement, Amendments and Waiver</U>. This Agreement (together with any Exhibits and Schedules hereto) and all certificates,
documents, instruments and writings that are delivered pursuant hereto contain the entire understanding of the Parties with respect to the transactions contemplated hereby and supersede all prior agreements, arrangements and understandings relating
to the subject matter hereof other than the Confidentiality Agreement which is hereby ratified by Buyer, as if Buyer were a party thereto, and shall hereafter bind Buyer, as well as the parties thereto. This Agreement may be amended, superseded or
canceled only by a written instrument duly executed by each Party, specifically stating that it amends, supersedes or cancels this Agreement. Any of the terms of this Agreement and any condition to a Party&#146;s obligations hereunder may be waived
only in writing by that Party specifically stating that it waives a term or condition hereof. No waiver by a Party of any one or more conditions or defaults by the other in performance of any of the provisions of this Agreement shall operate or be
construed as a waiver of any future conditions or defaults, whether of a like or different character, nor shall the waiver constitute a continuing waiver unless otherwise expressly provided. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">53 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">11.5 <U>Severability</U>. Each portion of this Agreement is intended to be severable. If any term
or provision hereof is illegal or invalid for any reason whatsoever, such illegality or invalidity shall not affect the validity of the remainder of this Agreement. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">11.6 <U>Counterparts</U>. This Agreement may be executed simultaneously in any number of counterparts, each of which shall be deemed an
original, but all of which together shall constitute one and the same instrument. In the event that any signature is delivered by facsimile transmission or by e-mail delivery of a &#147;.pdf&#148; format data file, such signature shall create a
valid and binding obligation of the Party executing (or on whose behalf such signature is executed) with the same force and effect as if such facsimile or &#147;.pdf&#148; signature page were an original thereof. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">11.7 <U>Governing Law and Dispute Resolution</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) <U>Governing Law</U>. This Agreement and any claims related to the transactions contemplated hereby shall be governed by, enforced in
accordance with, and interpreted under, the Laws of the State of Texas, without reference to applicable principles of conflicts of Laws. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) <U>Consent to Jurisdiction</U>. The Parties hereby irrevocably submit to the jurisdiction of the courts of the State of Texas and the
federal courts of the United States of America located in Dallas, Texas, and appropriate courts of appeal therefrom, over any dispute arising out of or relating to this Agreement or any of the transactions contemplated hereby, and each Party hereby
irrevocably agrees that all claims in respect of such dispute or proceeding may be heard and determined in such courts. The Parties hereby irrevocably waive, to the fullest extent permitted by Law, any objection that they may now or hereafter have
to the laying of venue of any dispute arising out of or relating to this Agreement or any of the transactions contemplated hereby brought in such court or any defense of inconvenient forum for the maintenance of such dispute. Each Party agrees that
a judgment in any such dispute may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by Law. This consent to jurisdiction is being given solely for purposes of this Agreement and is not intended to confer,
and shall not confer, consent to jurisdiction with respect to any other dispute in which a Party to this Agreement may become involved. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) <U>Recovery of Costs and Attorneys&#146; Fees</U>. If there are any Proceedings arising out of or relating to this Agreement or the
transactions contemplated hereby, after the entry of a final written non-appealable order and if one Party has predominantly prevailed in the dispute, that prevailing Party shall be entitled to recover from the non-prevailing Party all court costs,
fees and expenses relating to such Proceeding, including reasonable attorneys&#146; fees. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) <U>Settlement Proceedings</U>. All aspects
of any settlement proceedings, including discovery, testimony and other evidence, negotiations and communications pursuant to this <U>Section&nbsp;11.7</U>, briefs and the award shall be held confidential by each Party, and shall be treated as
compromise and settlement negotiations for the purposes of the federal and state rules of evidence. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">54 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">11.8 <U>Notices and Addresses</U>. Any notice, request, instruction, waiver or other
communication to be given hereunder by any Party shall be in writing and shall be considered duly delivered if personally delivered, mailed by certified mail with the postage prepaid (return receipt requested), sent by messenger or overnight
delivery service, or sent by facsimile to the addresses of the Parties as follows: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman"><B>BUYER:</B> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">JP Energy Development LP </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">600 E.
Las Colinas Boulevard, Suite 2000 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Irving, Texas 75039 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Telephone: 972-444-0300 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Facsimile: 972-444-0320 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Attention: J. Patrick Barley </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">With copies to (which shall not constitute notice): </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">ArcLight Capital Partners, LLC </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">200 Clarendon Street, 55th Floor </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Boston, Massachusetts 02117 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Telephone: 617-867-4698 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Facsimile: 617-867-4698 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Attention: Christine Miller </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">and:
</P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Latham&nbsp;&amp; Watkins LLP </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">811 Main Street, Suite 3700 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Houston, Texas 77098 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Telephone:
713-546-7420 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Facsimile: 713-546-5401 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Attention: Ryan Maierson </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman"><B>SELLERS:</B> </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Wildcat
Midstream Mesquite, LLC </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">8333 Douglas Avenue, Suite 300 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Dallas, Texas 75255 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Telephone:
214-310-1230 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Facsimile: 214-310-1216 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Attention: Chris D. Rozzell </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">55 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">and: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Approach Midstream Holdings LLC </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">6500 West Freeway, Suite 800 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Fort Worth, Texas 76116 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Telephone: 817-989-9000 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Facsimile: 817-989-9001 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Attention: J. Curtis Henderson </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">With a copy to (which shall not constitute notice): </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Weil, Gotshal&nbsp;&amp; Manges LLP </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">200 Crescent Court, Suite 300 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Dallas, Texas 75201-6950 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Telephone: 214-746-7700 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Facsimile: 214-746-7777 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman">Attention: Rodney L. Moore, Esq. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">or at such
other address as a Party may designate by written notice to the other Parties in the manner provided in this <U>Section&nbsp;11.8</U>. Notice by mail shall be deemed to have been given and received on the third day after posting. Notice by
messenger, overnight delivery service, facsimile transmission or personal delivery shall be deemed given on the date of actual delivery. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">11.9 <U>Attorney-Client Privilege; Conflicts</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) It is acknowledged by each of the Parties that Weil, Gotshal&nbsp;&amp; Manges LLP (&#147;<U>Wildcat Counsel</U>&#148;) represented Wildcat
and Crude JV in connection with the negotiation of this Agreement and in connection with the transaction contemplated by this Agreement. Buyer, Sellers and Crude JV agree that any attorney-client privilege, attorney work-product protection, and
expectation of client confidence attaching as a result of Wildcat Counsel&#146;s representation of Crude JV in connection with the negotiation of this Agreement and in connection with the transaction contemplated by this Agreement, and all
information and documents covered by such privilege or protection, shall belong to and be controlled by Sellers and may be waived only by Sellers, and not Crude JV, and shall not pass to or be claimed or used by Buyer or Crude JV, except as provided
in <U>Section&nbsp;11.9(b)</U>. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) In the event that a dispute arises between Buyer or Crude JV and a third party other than either of
Sellers or any of their Affiliates, Crude JV may assert the attorney-client privilege on behalf of Sellers to the extent necessary to prevent disclosure of privileged materials described in <U>Section&nbsp;11.9(a)</U> to such third party; provided,
however, that such privilege may be waived only with the prior written consent of the applicable Seller. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">11.10 <U>Public
Announcements</U>. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) <U>Press Releases</U>. From and after the date of this Agreement, except as may otherwise be required by applicable
securities or other Laws or Regulations or the applicable rules of any stock exchange having jurisdiction over the disclosing Party or any of its Affiliates, </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">56 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
no Party, nor any of its Affiliates, shall issue any press release or other public announcement regarding the existence of this Agreement, the contents hereof or the transactions contemplated
hereby without first (i)&nbsp;providing a copy of the proposed press release or other public announcement to the other Parties to review such that the other Parties have a reasonable opportunity to comment on such proposed press release or other
public announcement and (ii)&nbsp;cooperating with the other Parties to include in the final press release or other public announcement any comments of such other Parties to the extent reasonably acceptable to the disclosing Party. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) <U>Pre-Closing Public Disclosures</U>. Notwithstanding anything to the contrary in <U>Section&nbsp;11.10(a)</U>, prior to the Closing, the
contents of the Disclosure Letter shall not be disclosed or otherwise made available to the public, and copies of this Agreement and the Disclosure Letter shall not be publicly filed or otherwise made available to the public, except where such
disclosure, availability or filing is required by applicable Law or Regulation and, in such case, only to the extent required by such Law or Regulation. In the event that such disclosure, availability or filing is required by applicable Law or
Regulation, the disclosing Party shall (i)&nbsp;notify the other Parties upon becoming aware of such required disclosure, availability or filing and, at least five (5)&nbsp;Business Days (or such shorter time period as may be required by Law or
Regulation given a particular disclosure or filing deadline) in advance thereof provide a copy of such disclosure or filing to each other Party and (ii)&nbsp;use its commercially reasonable efforts to obtain &#147;confidential treatment&#148; of
such portions of this Agreement and the Disclosure Letter and contents thereof, as applicable, with the U.S. Securities and Exchange Commission (or the equivalent treatment by any other Governmental Authority) as the other Parties shall reasonably
request. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) <U>Post-Closing Public Disclosures</U>. Notwithstanding anything to the contrary in <U>Section&nbsp;11.10(a)</U>, from and
after the Closing, Buyer shall not disclose or otherwise make available to the public the contents of any Contract between any Seller or any Affiliate of any Seller (a &#147;<U>PC Contract Counterparty</U>&#148;) and Crude JV that remains in effect
after the Closing, or otherwise publicly file or otherwise make available to the public copies of any such Contract, without the prior written consent of such PC Contract Counterparty, except as such disclosure, availability or filing is required by
applicable Law or Regulation and, in such case, only to the extent required by such Law or Regulation. In the event that such disclosure, availability or filing is required by applicable Law or Regulation, Buyer shall (i)&nbsp;notify the PC Contract
Counterparty upon becoming aware of such required disclosure, availability or filing and, at least five (5)&nbsp;Business Days (or such shorter time period as may be required by Law or Regulation given a particular disclosure or filing deadline) in
advance thereof provide a copy of such disclosure or filing to such PC Contract Counterparty and (ii)&nbsp;use its commercially reasonable efforts to obtain &#147;confidential treatment&#148; of such portions of such Contract and the contents
thereof with the U.S. Securities and Exchange Commission (or the equivalent treatment by any other Governmental Authority) as such PC Contract Counterparty shall reasonably request. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) Sellers and Buyer shall each be liable for their own compliance and for compliance by their respective Affiliates with the terms of this
<U>Section&nbsp;11.10</U>. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">11.11 <U>Offset</U>. Nothing contained herein shall impair or constitute a waiver of any right of offset or
setoff for any Party. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">57 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">11.12 <U>No Partnership; Third Party Beneficiaries</U>. Nothing in this Agreement shall be deemed
to create a joint venture, partnership, tax partnership, or agency relationship between the Parties. Nothing in this Agreement shall provide any benefit to any Third Person or entitle any Third Person to any claim, cause of action, remedy or right
of any kind, it being the intent of the Parties that this Agreement shall not be construed as a <FONT STYLE="white-space:nowrap">third-party</FONT> beneficiary contract; <U>provided</U>, <U>however</U>, that (i)&nbsp;the indemnification provisions
of <U>Article X</U> shall inure to the benefit of the Buyer Indemnitees and the Seller Indemnitees as provided therein and (ii)&nbsp;<U>Sections 6.17(a)</U> and <U>6.19</U> shall inure to the benefit of Wildcat Operating as provided therein. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">11.13 <U>Negotiated Transaction</U>. The Parties, each represented by legal counsel, have each participated in the negotiation and drafting of
this Agreement. If an ambiguity or question of intent or interpretation should arise, this Agreement shall be construed as if drafted by all Parties and no presumption or burden of proof shall arise favoring or burdening any Party hereto by virtue
of the authorship of any of the provisions of this Agreement. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">11.14 <U>Time of the Essence</U>. With regard to all dates and time periods
set forth or referred to in this Agreement, time is of the essence. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">11.15 <U>Guarantee of Sellers&#146; Indemnification Obligations</U>.
</P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) Wildcat Parent joins in the execution of this Agreement for the limited purpose of <U>Section&nbsp;6.14(a)</U>,
<U>Section&nbsp;6.15</U>, <U>Section&nbsp;6.17(b)</U> and this <U>Section&nbsp;11.15</U>, and Approach Parent joins in the execution of this Agreement for the limited purpose of <U>Section&nbsp;6.14(a)</U>, <U>Section&nbsp;6.15</U>,
<U>Section&nbsp;6.17(b)</U>, <U>Section&nbsp;6.18</U> and this <U>Section&nbsp;11.15</U>. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) Approach Parent unconditionally guarantees
the timely payment, in accordance with terms of this Agreement, of any amounts due and payable by Approach pursuant to <U>Article X</U> when such amounts shall become due and payable by Approach, and Approach Parent covenants and agrees that
Approach Parent shall either (i)&nbsp;cause Approach to pay the amount required to be paid pursuant to <U>Article X</U> as and when it shall become due and payable by Approach or (ii)&nbsp;if not so paid by Approach in accordance with the terms
hereof, pay the amount required to be paid pursuant to <U>Article X</U> as required to be paid by Approach in accordance with the terms of this Agreement without any necessity of the Partnership or Buyer being required to provide notice, demand or
pursue any recourse or remedies against Approach, such that payment of any amounts required to be paid pursuant to <U>Article X</U> in accordance with the terms of this Agreement is a joint and several obligation of Approach Parent and Approach.
</P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) Wildcat Parent unconditionally guarantees the timely payment, in accordance with terms of this Agreement, of any amounts due and
payable by Wildcat pursuant to <U>Article X</U> when such amounts shall become due and payable by Wildcat, and Wildcat Parent covenants and agrees that Wildcat Parent shall either (i)&nbsp;cause Wildcat to pay the amount required to be paid pursuant
to <U>Article X</U> as and when it shall become due and payable by Wildcat or (ii)&nbsp;if not so paid by Wildcat in accordance with the terms hereof, pay the amount required to be paid pursuant to <U>Article X</U> as required to be paid by Wildcat
in accordance with the terms of this Agreement without any necessity of the Partnership or Buyer being required to provide notice, demand or pursue any recourse or remedies against Wildcat, such that payment of any amounts required to be paid
pursuant to <U>Article X</U> in accordance with the terms of this Agreement is a joint and several obligation of Wildcat Parent and Wildcat. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">58 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) In no event shall either of Approach Parent or Wildcat Parent have any greater liability
under this <U>Section&nbsp;11.15</U> than Approach and Wildcat, respectively, have pursuant to <U>Article X</U> of this Agreement. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">11.16
<U>Non-Recourse</U>. Notwithstanding anything to the contrary in this Agreement, in no event shall any Person other than the Parties, Approach Parent (solely with respect to its obligations under <U>Section&nbsp;6.14(a)</U>,
<U>Section&nbsp;6.15</U>, <U>Section&nbsp;6.17(b)</U>, <U>Section&nbsp;6.18</U> and <U>Section&nbsp;11.15</U>), Wildcat Parent (solely with respect to its obligations under <U>Section&nbsp;6.14(a)</U>, <U>Section&nbsp;6.15</U>,
<U>Section&nbsp;6.17(b)</U> and <U>Section&nbsp;11.15</U>) and Wildcat Operating (solely with respect to its obligations under <U>Section&nbsp;6.17(b)</U>) have any liability for monetary damages to any Party or its Affiliates relating to or arising
out of this Agreement, the other Transaction Documents or the transactions contemplated hereby or thereby except to the extent any other Person shall be a party to any other Transaction Document in which case the liability of any such other Person
shall be as set forth in such other Transaction Document to which it is a party. In no event shall any Party seek or obtain, nor shall they permit any of their respective current, former or future officers, directors, managers, stockholders,
members, agents or representatives to seek or obtain, nor shall any such Person be entitled to seek or obtain, any monetary recovery or monetary award against any Person other than the Parties hereto (and, as provided in the preceding sentence, the
other parties to the other Transaction Documents) with respect to, this Agreement, the other Transaction Documents or the transactions contemplated hereby and thereby, including in connection with the termination of this Agreement, the failure to
consummate the transactions contemplated by this Agreement or any claims or actions under applicable Law arising out of any breach or termination of this Agreement. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>[SIGNATURE PAGES FOLLOW] </B></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">59 </P>


<p Style='page-break-before:always'>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>THE PARTIES HAVE</B> signed this Agreement as of the date first set forth above. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="87%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>JP ENERGY DEVELOPMENT LP</B></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">JP Energy Development GP LLC,its general partner</TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ J. Patrick Barley</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">J. Patrick Barley</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">President and Chief Executive Officer</TD></TR>
<TR>
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>JP ENERGY PERMIAN, LLC</B></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ J. Patrick Barley</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">J. Patrick Barley</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">President and Chief Executive Officer</TD></TR>
</TABLE></DIV> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Signature Page to Equity Purchase Agreement </P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="87%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>APPROACH MIDSTREAM HOLDINGS LLC</B></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ J. Ross Craft</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">J. Ross Craft</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">President and Chief Executive Officer</TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Signature Page to
Equity Purchase Agreement </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="87%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>WILDCAT MIDSTREAM MESQUITE, LLC</B></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ Chris D. Rozzell</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">Chris D. Rozzell</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">Executive Vice President</TD></TR>
<TR>
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>WILDCAT PERMIAN SERVICES LLC</B></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ Chris D. Rozzell</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">Chris D. Rozzell</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">Executive Vice President</TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Signature Page to
Equity Purchase Agreement </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The undersigned hereby executes this Agreement for the sole purpose of
<U>Section&nbsp;6.14(a)</U>, <U>Section&nbsp;6.15</U>, <U>Section&nbsp;6.17(b)</U> and <U>Section&nbsp;11.15</U> of this Agreement. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
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<TD VALIGN="top" COLSPAN="3"><B>WILDCAT MIDSTREAM HOLDINGS LLC</B></TD></TR>
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<TD VALIGN="top">By:</TD>
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<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ Chris D. Rozzell</TD></TR>
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<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">Chris D. Rozzell</TD></TR>
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<TD VALIGN="top">Title:</TD>
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<TD VALIGN="bottom">Executive Vice President</TD></TR>
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 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Signature Page to
Equity Purchase Agreement </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The undersigned hereby executes this Agreement for the sole purpose of
<U>Section&nbsp;6.17(b)</U> and <U>Section&nbsp;6.19</U> of this Agreement, subject to the limitations set forth therein. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
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<TD VALIGN="top" COLSPAN="3"><B>WILDCAT MIDSTREAM OPERATING, LLC</B></TD></TR>
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<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ Chris D. Rozzell</TD></TR>
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<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">Chris D. Rozzell</TD></TR>
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<TD VALIGN="top">Title:</TD>
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<TD VALIGN="bottom">Executive Vice President</TD></TR>
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 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Signature Page to
Equity Purchase Agreement </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The undersigned hereby executes this Agreement for the sole purpose of
<U>Section&nbsp;6.14(a)</U>, <U>Section&nbsp;6.15</U>, <U>Section&nbsp;6.17(b)</U>, <U>Section&nbsp;6.18</U> and <U>Section&nbsp;11.15</U> of this Agreement, subject to the limitations set forth therein. </P>
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<TD VALIGN="top" COLSPAN="3"><B>APPROACH RESOURCES INC.</B></TD></TR>
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<TD VALIGN="top">By:</TD>
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<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ J. Ross Craft</TD></TR>
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<TD VALIGN="top">Name:</TD>
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<TD VALIGN="bottom">J. Ross Craft</TD></TR>
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<TD VALIGN="top">Title:</TD>
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<TD VALIGN="bottom">President and Chief Executive Officer</TD></TR>
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 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Signature Page to
Equity Purchase Agreement </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Schedule A </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Defined Terms </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a)
Capitalized terms used in this Agreement have the following meanings: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Affiliate</U>&#148; shall mean, when used with respect to a
specified Person, any other Person directly or indirectly (through one or more intermediaries or otherwise) controlling, controlled by or under common control with the specified Person. For purposes of this definition, &#147;control,&#148; when used
with respect to any specified Person, shall mean the power to direct or cause the direction of the management and policies of the Person whether through the ownership of voting securities, by contract or otherwise; and the term
&#147;controlled&#148; has the meanings correlative to the foregoing. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Approach COPA</U>&#148; shall mean that certain Crude Oil
Purchase Agreement, effective as of September&nbsp;12, 2012, by and among Approach Operating, LLC, Approach Oil&nbsp;&amp; Gas Inc. and Crude JV, as amended from time to time. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Approach Knowledge Group</U>&#148; shall mean <B>[REDACTED]*</B>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Assets</U>&#148; shall mean the Real Property Interests and the Pipeline Assets. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Audit Firm</U>&#148; shall mean Ernst&nbsp;&amp; Young (&#147;<U>Ernst</U>&#148;) or if Ernst shall not accept the engagement as Audit
Firm, a national accounting firm with no prior material relationship with Buyer, Buyer&#146;s Affiliates or Sellers that has experience in auditing the financial statements of a natural gas pipeline company, reasonably acceptable to Buyer and
Sellers. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Authorization</U>&#148; shall mean any franchise, permit, license, authorization, order, certificate, registration,
qualification, tariff or other consent or approval that a Governmental Authority has the legal authority to grant or issue. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Base
Working Capital</U>&#148; shall mean Three Hundred Sixty One Thousand Six Hundred and Seventy Two dollars and no cents ($361,672.00). </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Business Day</U>&#148; shall mean any day, other than Saturday and Sunday, on which federally-insured commercial banks in Dallas,
Texas are generally open for business and capable of sending and receiving wire transfers. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Buyer Fundamental
Representations</U>&#148; shall mean the representations and warranties set forth in <U>Sections 5.1</U> (Organization, Good Standing and Authority of Buyer), <U>Section&nbsp;5.2</U> (No Conflicts), <U>Section&nbsp;5.4</U> (Broker&#146;s or
Finder&#146;s Fees) and <U>Section&nbsp;5.6</U> (Investment Intent). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Buyer Knowledge Group</U>&#148; shall mean
<B>[REDACTED]*</B>. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Cash</U>&#148; shall mean cash on deposit with financial institutions net of overdrafts and outstanding
checks. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Schedule A </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Change of Control Amounts</U>&#148; shall mean any bonus, retention bonus, consent or
other fee, compensation (including the estimated costs of benefits required to be provided) or other similar payments (including the employee&#146;s portion of any Medicare, Social Security or unemployment Taxes in respect of such payments) that
Crude JV, upon Closing, to the extent not paid as of the Measurement Time, will become obligated to pay (other than Expenses, Severance Obligations and termination fees) as a result of the consummation of the transactions contemplated by this
Agreement and the Transaction Documents, regardless of whether such amounts are payable at or after Closing. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Claim</U>&#148;
shall mean any demand, claim or notice sent or given by a Person to another Person in which the former asserts that it has suffered a Loss or has become party to a Proceeding that is the responsibility of the latter. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Claim Notice</U>&#148; shall mean a written notice of a claim for indemnification pursuant to this Agreement specifying in reasonable
detail the specific nature of the Claim for which indemnification is sought. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>COBRA</U>&#148; means the Consolidated Omnibus
Budget Reconciliation Act of 1985, as amended. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Code</U>&#148; shall mean the Internal Revenue Code of 1986, as amended. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Confidentiality Agreement</U>&#148; shall mean the Confidentiality and Non-Disclosure Agreement, dated as of April&nbsp;3, 2013, by
and between JP Energy Partners LP and Wildcat Midstream Partners LLC. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Contract</U>&#148; shall mean any binding agreement,
contract, lease, commitment, consensual obligation, note, bond, mortgage, indenture, arrangement, promise or undertaking, whether written or oral, as the same may be modified or amended. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Crude JV Fundamental Representations</U>&#148; shall mean the representations and warranties of Crude JV in <U>Section&nbsp;4.1</U>
(Organization, Good Standing and Authority; Capitalization of Crude JV), <U>Section&nbsp;4.2</U> (No Conflicts) and <U>Section&nbsp;4.11</U> (Broker&#146;s or Finder&#146;s Fees). </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Crude JV Knowledge Group</U>&#148; shall mean the Persons identified in the definition of Knowledge of Crude JV. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Current Assets</U>&#148; shall mean the sum of all current assets of Crude JV as of the Measurement Time as determined in accordance
with GAAP, as adjusted (whether or not in accordance with GAAP) (1)&nbsp;to give effect to this Agreement, (2)&nbsp;to utilize the methodologies and procedures otherwise specified in or consistent with the Sample Balance Sheet and (3)&nbsp;to give
effect to the exclusion of the following: (a)&nbsp;Restricted Cash, (b)&nbsp;accounts receivable evidencing Indebtedness, uncollectible accounts (determined in accordance with Crude JV&#146;s historical cash management practices and policies),
accounts and obligations owed by any one or more of Sellers or any of their Affiliates to Crude JV, (c)&nbsp;amounts receivable from Officers, Managers or any other employees of Crude JV or from any officers or managers of any Seller,
(d)&nbsp;deferred Tax assets and (e)&nbsp;line pack or other Hydrocarbon inventory. The computation of Current Assets as of June&nbsp;30, 2013 is illustrated in the Sample Balance Sheet. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">A-2 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Current Liabilities</U>&#148; shall mean the sum of all current liabilities of Crude JV
as of the Measurement Time as determined in accordance with GAAP, as adjusted (whether or not in accordance with GAAP) (1)&nbsp;to give effect to this Agreement, (2)&nbsp;to utilize the methodologies and procedures otherwise specified in or
consistent with the Sample Balance Sheet, and (3)&nbsp;to give effect to the exclusion of the following: (a)&nbsp;deferred Tax liabilities, (b)&nbsp;escrow accounts payable to the extent corresponding amounts held in escrow are excluded from Current
Assets and (c)&nbsp;the Expenses paid or to be paid pursuant to <U>Section&nbsp;2.2(c)(iv)</U>. For purposes of determining Current Liabilities to be used in the determination of Net Working Capital, (y)&nbsp;subject to clause (3)&nbsp;of the
immediately preceding sentence, no reserves, allowances or accrued Liability of Crude JV reflected in the Balance Sheet or the balance sheet included in the Interim Financial Statements shall be reduced or eliminated, except in the case of a
reduction or elimination by reason of a payment or credit occurring in the ordinary course of business consistent with the past practice of Crude JV and (z)&nbsp;all capital expenditures incurred after June&nbsp;30, 2013, in accordance with the
Capital Budget (or after the date hereof) <U>Section&nbsp;6.1(c)(ii)(M)</U> but not paid as of the Measurement Time, shall not be reflected as a Current Liability. The computation of Current Liabilities as of June&nbsp;30, 2013 is illustrated by the
Sample Balance Sheet. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Deductible</U>&#148; shall mean One Million dollars and no cents ($1,000,000.00). </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Disclosure Letter</U>&#148; shall mean the disclosure letter dated the date of this Agreement that is delivered by Crude JV to Buyer.
Any matter disclosed in the Disclosure Letter shall be deemed to be disclosed with respect to any section of <U>Article IV</U> or <U>Article VI</U> to which the matter relates, to the extent the relevance of such matter to such section is reasonably
apparent on its face. It is agreed that the lack of any specific reference to the Disclosure Letter in this Agreement shall not limit the right of Crude JV to qualify any representation or warranty by listing such item or qualification in the
corresponding section or subsection of the Disclosure Letter. Crude JV may, at its option, include in the Disclosure Letter items that are not material in order to avoid any misunderstanding, and such inclusion, or any references to dollar amounts,
shall not be deemed to be an acknowledgement or representation that such items are material, to establish any standard of materiality or to define further the meaning of such terms for purposes of this Agreement. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Earnest Money Escrow Amount</U>&#148; shall mean<B> [REDACTED]*</B>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Earnest Money Escrow Fund</U>&#148; shall mean an amount equal to the Earnest Money Escrow Amount, together with all interest,
dividends and other income earned thereon up to the Closing Date. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Easement</U>&#148; shall mean all easements, rights of way,
servitudes, property use agreements, line rights, surface leases and real property licenses (including right-of-way permits from railroads and road crossing permits or other right-of-way permits from Governmental Authorities) held by Crude JV
relating to real property used in the business of Crude JV but owned by other Persons. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">A-3 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Enforceability Exceptions</U>&#148; shall mean bankruptcy, insolvency, reorganization,
moratorium and other laws of general applicability relating to or affecting creditors&#146; rights and to general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law). </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Environmental Law</U>&#148; shall mean any and all Laws, Regulations or rules of common law, or Orders of any Governmental Authority
in existence and as amended on the Closing Date pertaining to the protection of the environment (including ambient air, soil, surface water and groundwater), endangered or threatened species or natural resources, including the Clean Air Act, the
Comprehensive Environmental Response, Compensation, and Liability Act of 1980 (&#147;<U>CERCLA</U>&#148;), the Federal Water Pollution Control Act, the Resource Conservation and Recovery Act of 1976, the Safe Drinking Water Act, the Toxic Substances
Control Act, the Hazardous&nbsp;&amp; Solid Waste Amendments Act of 1984, the Superfund Amendments and Reauthorization Act of 1986, the Hazardous Materials Transportation Act, the Oil Pollution Act of 1990, any state or local Laws implementing,
analogous to, or similar to the foregoing federal Laws and any Regulations promulgated thereunder. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Equity Interest</U>&#148;
shall mean (i)&nbsp;the equity ownership rights in a business entity, whether a corporation, company, joint stock company, limited liability company, general or limited partnership, joint venture, bank, association, trust, trust company, land trust,
business trust, sole proprietorship or other business entity or organization, and whether in the form of capital stock, ownership unit, limited liability company interest, limited or general partnership interest or any other form of ownership, and
(ii)&nbsp;also includes all Equity Interest Equivalents. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Equity Interest Equivalents</U>&#148; shall mean all rights, warrants,
options, convertible securities or indebtedness, exchangeable securities or other instruments, or other rights that are outstanding and exercisable for or convertible or exchangeable into, directly or indirectly, any Equity Interest described in
<U>clause (i)</U>&nbsp;of the definition thereof at the time of issuance or upon the passage of time or occurrence of some future event. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>ERISA</U>&#148; shall mean the Employee Retirement Income Security Act of 1974, as amended. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Escrow Agent</U>&#148; shall mean Bank of America, N.A., and includes its successors and assigns. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Escrow Agreement</U>&#148; shall mean that certain Escrow Agreement, dated as of the date hereof, by and among Buyer, Sellers and the
Escrow Agent. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Escrow Fund</U>&#148; shall mean (i)&nbsp;prior to the Closing, the Earnest Money Escrow Fund and (ii)&nbsp;from
and after the Closing, the Purchase Price Escrow Fund together with the Indemnity Escrow Fund. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Exchange Act</U>&#148; shall mean
the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Exhibits</U>&#148; shall
mean any or all of the exhibits attached to and made a part of this Agreement. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">A-4 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Existing Dedication Agreements</U>&#148; shall mean each of (i)&nbsp;the Approach COPA,
(ii)&nbsp;the Plains COPA, (iii)&nbsp;that certain Letter Agreement, dated as of August&nbsp;2, 2013, by and among Approach Resources Inc., Approach Oil&nbsp;&amp; Gas Inc., Approach Operating, LLC, Plains Marketing, L.P. and Crude JV, regarding
crude oil sale commitment under the Plains COPA and (iv)&nbsp;that certain Memorandum of Crude Oil Sales Commitment, dated as of August&nbsp;7, 2013, by and among Plains Marketing, L.P., Approach Resources Inc. and Crude JV, regarding certain
commitments under the Approach COPA and the Plains COPA. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Expenses</U>&#148; shall mean, to the extent existing as of the
Measurement Time, the aggregate amount of unpaid fees, expenses and other similar amounts that have been or are expected to be incurred by Sellers or Crude JV on or prior to the Closing Date arising from the provision of services through the Closing
for Sellers, Crude JV, the Managers, the Officers, or any other officers, directors or managers of Sellers, Crude JV or any of their Affiliates in connection with the preparation, negotiation and execution of this Agreement and the other Transaction
Documents and the consummation of this Agreement and the transactions contemplated hereby, including the following: (i)&nbsp;the fees and disbursements of, or other similar amounts charged by, counsel to any such Persons, (ii)&nbsp;the <FONT
STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">out-of-pocket</FONT></FONT> expenses, if any, of any such Persons and (iii)&nbsp;the fees and expenses of, or other similar amounts charged by, any accountants, agents, financial advisors,
consultants and experts employed by Sellers, Crude JV, any of their Affiliates, or any combination thereof. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Final
Resolution</U>&#148; shall mean, with respect to any Claim, (i)&nbsp;a final decision, judgment or award rendered by a Governmental Authority of competent jurisdiction in which the time to appeal therefrom has expired or a settlement related thereto
shall have been consummated or (ii)&nbsp;resolution by joint written agreement among the Parties to such Claim. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>GAAP</U>&#148;
shall mean generally accepted accounting principles used in the United States for financial reporting, applied consistently with such Party&#146;s past practices. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Governmental Authorities</U>&#148; shall mean (a)&nbsp;the United States of America or any state or political subdivision thereof and
(b)&nbsp;any court or any governmental or administrative department, commission, board, bureau, agency or arbitration tribunal of the United States of America or of any state or political subdivision thereof. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Guaranteed Obligations</U>&#148; shall mean all obligations of Crude JV under the Easements to the extent arising after the Closing,
the payment or performance of which are guaranteed by either Seller. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Hazardous Materials</U>&#148; shall mean: (a)&nbsp;any
chemicals, materials or substances (whether solid, liquid or gas) defined or included in the definition of &#147;hazardous substances,&#148; &#147;hazardous materials,&#148; &#147;toxic substances,&#148; &#147;solid wastes,&#148;
&#147;pollutants,&#148; &#147;contaminants,&#148; or words of similar import intended to define, list or classify substances by reason of deleterious properties under any Environmental Law, (b)&nbsp;any radon, radioactive materials or wastes,
friable asbestos, urea formaldehyde foam insulation, lead or lead containing materials and polychlorinated biphenyls, or (c)&nbsp;oil, waste oil, petroleum, waste petroleum, petroleum-derived products, natural gas, natural gas liquids or liquefied
natural gas. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">A-5 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>HSR Act</U>&#148; shall mean the Hart-Scott-Rodino Antitrust Improvements Act of 1976,
as amended. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Hydrocarbon</U>&#148; shall mean oil, gas, condensate and/or other liquid of gaseous hydrocarbons or any combination
thereof or products therefrom. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Hydrocarbon Contracts</U>&#148; shall mean (a)&nbsp;all Hydrocarbon Purchase Contracts,
(b)&nbsp;all Hydrocarbon Sales Contracts, and (c)&nbsp;all other Hydrocarbon gathering, treating or processing agreements, joint operating agreements, water disposal agreements, and compressor agreements to which Crude JV is a party or that are
binding on Crude JV. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Hydrocarbon Purchase Contract</U>&#148; shall mean any sales, purchase, exchange or marketing Contract that
is currently in effect and under which Crude JV is a buyer of Hydrocarbons for resale in whole or in part (other than purchase agreements with Persons who are not Affiliates of Crude JV and that (i)&nbsp;have been entered into in the ordinary course
of business, (ii)&nbsp;have a term of one month or less or are terminable by Crude JV without penalty on sixty (60)&nbsp;days&#146; notice or less, and (iii)&nbsp;do not obligate the purchaser to take any specified quantity of Hydrocarbons or to pay
for any deficiencies in quantities of Hydrocarbons not taken). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Hydrocarbon Sales Contract</U>&#148; shall mean any sales,
purchase, exchange or marketing Contract that is currently in effect and under which Crude JV is a seller of Hydrocarbons (other than &#147;spot&#148; sales agreements with Persons who are not Affiliates of Crude JV entered into in the ordinary
course of business with a term of one month or less). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Indebtedness</U>&#148; shall mean, without duplication, (i)&nbsp;any
obligations of Crude JV for borrowed money (including all obligations for principal, interest, premiums, penalties, fees, expenses and breakage costs), (ii)&nbsp;any obligations of Crude JV evidenced by any note, bond, debenture or other debt
security, (iii)&nbsp;any obligations of Crude JV for or on account of capitalized leases, (iv)&nbsp;any obligations of a Person other than Crude JV secured by a Lien against any of the Assets, (v)&nbsp;any obligations of Crude JV for the
reimbursement of letters of credit, bankers&#146; acceptance or similar credit transactions and (vi)&nbsp;any obligations of the types described in <U>clauses (i)&nbsp;through (v)</U>&nbsp;above of any Person other than Crude JV, the payment of
which is guaranteed, directly or indirectly, by Crude JV. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Indemnity Escrow Amount</U>&#148; shall mean <B>[REDACTED]*</B> which
amount shall be retained by the Escrow Agent from the Earnest Money Escrow Fund at Closing pursuant to <U>Section&nbsp;2.5(a)(ii)</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Knowledge of Buyer</U>&#148; or any similar term, shall mean the <B>[REDACTED]*</B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Knowledge of Crude JV</U>&#148; or any similar term, shall mean the <B>[REDACTED]*</B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Laws</U>&#148; shall mean all laws, statutes and ordinances of the United States, any state of the United States and any political
subdivision thereof, including all decisions of any Governmental Authority having the effect of law in each such jurisdiction. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Liability</U>&#148; shall mean any direct or indirect liability, Indebtedness, obligation, commitment, expense, claim, deficiency,
guaranty or endorsement of or by any Person of any type, whether known or unknown, and whether accrued or unaccrued, absolute, contingent, matured or unmatured. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">A-6 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Lien</U>&#148; shall mean any lien, mortgage, pledge, adverse or other claim, charge,
security interest, production payment, restriction, burden, encumbrance, right of purchase, rights of a vendor under any title retention or conditional sale agreement, or lease or other arrangement substantially equivalent thereto or other
encumbrance, option or defect in title. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>LLC Agreement</U>&#148; shall mean that certain Amended and Restated Company Agreement
of Crude JV, dated as of September&nbsp;12, 2012, as may be amended from time to time. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Loss</U>&#148; or
&#147;<U>Losses</U>&#148; shall mean any and all damages, payments, penalties, assessments, disbursements, costs and expenses, including interest, awards, judgments, settlements, fines, costs of remediation, fees, costs of defense and reasonable
attorneys&#146; fees, costs of accountants, expert witnesses and other professional advisors and costs of investigation and preparation of any kind or nature whatsoever. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Managers</U>&#148; shall mean each manager on the board of managers of Crude JV. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Material Adverse Effect</U>&#148; shall mean any result, occurrence, change, fact, event, circumstance or effect of any of the
foregoing that, individually or in the aggregate with any such other result, occurrence, change, fact, event, circumstance or effect has had, has, or could reasonably be expected to have a material adverse effect on <B>[REDACTED]*</B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Material Contract</U>&#148; shall mean each of the following Contracts to which Crude JV is a party or that is binding upon Crude JV,
to the extent such Contract is currently executory: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) each Hydrocarbon Contract; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) each Existing Dedication Agreements; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) each Contract, other than any of the Hydrocarbon Contracts or Existing Dedication Agreements, that is reasonably expected to require
payments of cash to or by Crude JV, or the incurrence of Liabilities by Crude JV during the period of twelve (12)&nbsp;months following the date of this Agreement in an amount of more than <B>[REDACTED]*</B>; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) each Contract restricting or otherwise affecting the ability of Crude JV to conduct or compete in any line of business in any jurisdiction
or to compete with any Person; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(e) each joint venture, limited liability company and partnership (including limited partnership) Contract;
</P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(f) each Contract with any of the Managers, Officers or other employees of Crude JV or any of the directors, officers, managers or other
employees of Sellers, or any of their respective Affiliates; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(g) each Contract with any financial advisor or consultants to Crude JV under
which there are remaining indemnity or other obligations of any party thereto after the Closing; </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">A-7 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(h) each agreement for the acquisition or disposition of assets or the Assets (other than
Hydrocarbon Contracts); </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(i) each Contract that provides for the express assumption of any Tax or other Liability of any Person; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(j) each Contract with any Governmental Authority to which Crude JV is a party; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(k) each lease for capital equipment that provides for ongoing payments by Crude JV in excess of <B>[REDACTED]*</B> annually; and </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(l) any indenture, mortgage, promissory note, loan or other Contract for Indebtedness. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Measurement Time</U>&#148; shall mean 11:59 p.m. on the date immediately prior to the Closing Date. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Mutual Releases</U>&#148; shall mean Mutual Releases in the form attached hereto as <B><U>Exhibit&nbsp;A-1</U></B> or <B><U>Exhibit
A-2</U></B> that are either (i)&nbsp;executed concurrently with the execution and delivery of this Agreement, but to be effective and reaffirmed as of the Closing, by Sellers, each Manager and each Officer, on one hand, and Buyer and Crude JV, on
the other hand, or (ii)&nbsp;delivered at the Closing pursuant to <U>Section&nbsp;6.5(b)</U>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Net Working Capital</U>&#148;
shall mean the amount by which Current Assets exceed Current Liabilities as of the Measurement Time. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Notification</U>&#148;
shall mean any notice to or filing with any Person or Governmental Authority required under the terms of any Contract to which Crude JV or any Seller is a party, by the terms of any Authorization held by or applicable to Crude JV or any Seller or by
Law or Regulation that is necessary for Crude JV or any Seller to execute, deliver and perform its obligations under this Agreement and the Transaction Documents to which it is or shall be a party or is otherwise required in connection with the
consummation by Crude JV of the transactions contemplated hereby or thereby. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Officers</U>&#148; shall mean each officer of Crude
JV. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Operating Agreement</U>&#148; means that certain Construction Management and Operating Agreement, dated as of
September&nbsp;12, 2012, by and between Wildcat Operating and Crude JV. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Order</U>&#148; shall mean all applicable writs,
judgments, injunctions, decrees and other official acts of or by any Governmental Authority. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Organizational Documents</U>&#148;
shall mean with respect to any particular entity: (a)&nbsp;if a corporation, its articles or certificate of incorporation and its bylaws; (b)&nbsp;if a limited partnership, its limited partnership agreement and its articles or certificate of limited
partnership; (c)&nbsp;if a limited liability company, its articles of organization or certificate of formation and its limited liability company agreement or operating agreement; (d)&nbsp;all related equityholders&#146; agreements, voting
agreements, voting trust agreements, joint venture agreements or registration rights agreements; and (e)&nbsp;any amendment or supplement to any of the foregoing. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">A-8 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Payoff Letters</U>&#148; shall mean the payoff letters, in form and substance reasonably
satisfactory to Sellers and Buyer, from each Person to whom Expenses are owed, setting forth the aggregate amount required to be paid to fully satisfy such obligation(s) and wire transfer instructions for such payee. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Permitted Encumbrances</U>&#148; shall mean the following: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) terms, conditions, restrictions, exceptions, reservations, limitations, and other matters contained in any document filed or recorded in
the appropriate county or parish to reflect title thereto, creating, transferring, limiting, encumbering or reserving or granting any rights in (including without limitation, rights of reverter, reservation and life estates) any Real Property
Interests, or in any Authorizations or material Contract that, singly or in the aggregate, do not materially adversely affect the value of the Real Property Interest to which such matters relate or materially interfere with the ownership, use or
operation of such Real Property Interests and that are of a nature that would be reasonably acceptable to a prudent pipeline or plant operator; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) Liens for Taxes and assessments that are not yet due and payable or that are being contested in good faith by appropriate Proceeding and
for which appropriate reserves have been established therefore in accordance with GAAP; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) mechanics&#146;, materialmen&#146;s,
repairmen&#146;s and other statutory Liens arising in the ordinary course of business and securing obligations incurred prior to the Closing Date that are not delinquent, that will be paid and discharged in the ordinary course of business and for
which adequate reserves have been made in the Financial Statements; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(d) utility easements, restrictive covenants, defects and other
irregularities in title, that, singly or in the aggregate, do not materially adversely affect the value of the assets to which such matters relate or materially interfere with the ownership, use or operation of such assets and that are of a nature
that would be reasonably acceptable to a prudent pipeline or plant operator; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(e) required Third Person consents to assignment,
preferential purchase rights and other similar agreements with respect to which consents or waivers are obtained from the appropriate Person prior to Closing for the transactions contemplated hereby, or as to which the appropriate time for asserting
such rights has expired as of the Closing without an exercise of such right, or the effects of which, singly or in the aggregate, could not reasonably be expected to interfere materially with the ownership, use or operation of the assets to which
such matters relate and that are of a nature that would be reasonably acceptable to a prudent pipeline or plant operator; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(f) any
Post-Closing Notification; and </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(g) Liens created by Buyer or its successors or assigns. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">A-9 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Person</U>&#148; shall mean any natural person, corporation, company, partnership
(general or limited), limited liability company, trust, joint venture, joint stock company, unincorporated organization, Governmental Authority or other entity or association. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Pipeline Assets</U>&#148; shall mean those certain twelve-inch, eight-inch and four-inch mainline and lateral pipelines running
through Crockett, Irion and Reagan Counties, Texas, and the pipelines, equipment and other tangible personal property used or held for use by Crude JV in connection with such pipeline gathering, storage and transportation operations as are presently
conducted, including all permits and contracts relating to such assets. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Plains COPA</U>&#148; shall mean that certain Crude Oil
Purchase Contract (Contract No.&nbsp;8342-1001), dated August&nbsp;6, 2013, by and between Plains Marketing, L.P. and Crude JV, as amended from time to time. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U><FONT STYLE="white-space:nowrap">Post-Closing</FONT> Notification</U>&#148; shall mean any Notification to or with any Person or
Governmental Authority that is permitted to be effected following the closing of a transaction similar to the transaction contemplated hereby, but shall not include any Notification that constitutes a Required Third-Party Consent. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Pre-Closing Tax Period</U>&#148; shall mean any Tax period (or portion thereof) ending on or before the Closing Date. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Proceeding</U>&#148; shall mean any action, suit, claim, investigation, review or other judicial or administrative proceeding, at law
or in equity, before or by any Governmental Authority or any arbitration proceeding. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Purchase Price Escrow Amount</U>&#148;
shall mean <B>[REDACTED]* </B>which amount shall be deposited by Buyer with the Escrow Agent at Closing pursuant to <U>Section&nbsp;2.2(c)(iii)</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Purchase Price Escrow Fund</U>&#148; shall mean an amount equal to the Purchase Price Escrow Amount, plus all interest, dividends and
other income earned thereon. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Real Property Interests</U>&#148; shall mean all interests in real property used or held for use by
Crude JV, including fee properties and Easements that are used or held for use in connection with the ownership, operation or maintenance of the assets owned by or leased by Crude JV, and all fixtures, pipelines, gathering facilities, buildings and
improvements located thereon or appertaining thereto that are owned or held by leasehold interest by Crude JV. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Records</U>&#148;
shall mean all Contract, land, title, engineering, environmental, regulatory, operating, accounting, business, marketing, and other data, files, documents, instruments, notes, papers, ledgers, journals, reports, abstracts, surveys, title opinions,
maps, drawings, books, records and studies that relate to the ownership, operation or maintenance of the assets owned by Crude JV. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Regulation</U>&#148; shall mean any rule or regulation of any Governmental Authority having the effect of Law or of any rule or
regulation of any self-regulatory organization. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">A-10 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Release</U>&#148; shall mean any actual or threatened release, spilling, leaking,
pumping, pouring, emitting, emptying, discharging, injecting, escaping, leaching, dumping, disposing or allowing to escape or migration into or through the environment (including, without limitation, ambient air (indoor or outdoor), surface water,
groundwater, land surface or subsurface strata). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Restricted Cash</U>&#148; shall mean, as of the Measurement Time, the amount of
Cash of Crude JV that would be deemed to be &#147;restricted&#148; in accordance with GAAP. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>RRC</U>&#148; shall mean the
Railroad Commission of the State of Texas. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Sample Balance Sheet</U>&#148; shall mean the sample calculation of Current Assets
and Current Liabilities and sample calculation of Net Working Capital as of the Sample Balance Sheet Date as set forth on <B><U>Schedule&nbsp;B</U></B> attached hereto. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Sample Balance Sheet Date</U>&#148; shall mean June&nbsp;30, 2013. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Schedules</U>&#148; shall mean the schedules referenced in this Agreement and attached hereto. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Securities Act</U>&#148; shall mean the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Seller Fundamental Representations</U>&#148; shall mean Sellers&#146; Title Representations and the representations and
warranties set forth in <U>Section&nbsp;3.1</U>, <U>Section&nbsp;3.3</U> and<U> Section&nbsp;3.5</U>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Sellers&#146; Title
Representations</U>&#148; shall mean the representations and warranties in <U>Section&nbsp;3.2</U>. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Severance
Obligations</U>&#148; shall mean any payment or other obligation of Crude JV to any Manager, Officer, or other employee, or any independent contractor or agent, of Crude JV, pursuant to any Contract with such Person existing as of or prior to the
Closing that would arise from the termination (including termination with or without cause and voluntary termination) of the position, office, employment or engagement of such Person upon or at any time after Closing, or that exists as of the
Closing as a result of any such termination prior to Closing, including any severance, bonus, accrued vacation or tax indemnification obligations or other similar payments and Crude JV&#146;s portion of any Medicaid, Social Security or unemployment
Taxes in respect of such payments, but excluding salary through the date of any such termination. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>T-4 Permit</U>&#148; shall
mean that certain Permit to Operate Pipeline (Permit No.&nbsp;08825), dated as of February&nbsp;21, 2013, granted by the RRC, Safety Division, Pipeline Permit Section to Wildcat Operating. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Tax</U>&#148; or &#147;<U>Taxes</U>&#148; shall mean any and all federal, state, local, or foreign income, gross receipts, branch
profits, license, payroll, employment, excise, severance, stamp, occupation, premium, windfall profits, escheat, environmental, customs duties, capital stock, franchise, profits, withholding, social security, unemployment, disability, real property,
personal property, sales, use, transfer, registration, ad valorem, value added, alternative or add-on minimum or estimated tax or other tax of any kind whatsoever, including any interest, penalty or addition thereto, whether disputed or not and
including any obligation to indemnify or otherwise assume or succeed to the Tax liability of any other Person. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">A-11 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Tax Return</U>&#148; shall mean any declaration, report, statement, form, claim for
refund, return or other document or information required to be supplied to a Governmental Authority in connection with Taxes including any schedule or attachment thereto, and including any amendment thereof. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Third-Party Consent</U>&#148; shall mean any consent, waiver, permission, authorization or approval of, or exemption by, any Third
Person (other than a Governmental Authority). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Third Person</U>&#148; shall mean (i)&nbsp;any Person other than a Party or its
Affiliates and (ii)&nbsp;any Governmental Authority. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Title Defect</U>&#148; shall mean any Lien or defect in title associated
with Crude JV&#146;s title to the Assets, other than a Permitted Encumbrance, that adversely affects in any material respect the ability of Crude JV to own, operate or maintain the Assets in the ordinary course of business as currently being
conducted and consistent with past practice. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Transaction Documents</U>&#148; shall mean this Agreement, the Mutual Releases, the
Transition Services Agreement, the Escrow Agreement, each Contract delivered pursuant to the Restructuring, any Contract delivered by the Parties at Closing and any other Contract among the Parties that is expressly agreed by the Parties to
constitute a Transaction Document for purposes of this Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Treasury Regulations</U>&#148; shall mean the regulations
promulgated by the United States Department of the Treasury pursuant to and in respect of provisions of the Code. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Wildcat
Knowledge Group</U>&#148; shall mean the Persons identified in the definition of Knowledge of Crude JV. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Working Capital
Deficit</U>&#148; shall mean the amount, if any, by which the Net Working Capital as reflected on the Final Closing Statement is less than the Base Working Capital, which shall be expressed as a positive number. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">&#147;<U>Working Capital Surplus</U>&#148; shall mean the amount, if any, by which Net Working Capital as reflected on the Final Closing
Statement exceeds the Base Working Capital. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">A-12 </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) The following terms shall have the meanings defined in the Section indicated: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="47%"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE="border-bottom:1.00pt solid #000000; width:47.75pt; font-size:8pt; font-family:Times New Roman"><B>Defined Term</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman"><B>Section Reference</B></P></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Aggregate Consideration Deficit</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Section 2.3(d)(i)</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Aggregate Consideration Surplus</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Section 2.3(d)(ii)</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Agreement</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Opening Paragraph</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Allocation Schedule</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Section 2.7(c)</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Approach</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Opening Paragraph</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Approach Parent</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Opening Paragraph</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Audit Fees</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Section&nbsp;2.3(f)</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Balance Sheet</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Section&nbsp;4.13(a)(i)</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Barclays</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Section 3.5</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Barclays Engagement Letter</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Section 3.5</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Business Employee</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Section 4.12</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Buyer</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Opening Paragraph</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Buyer Certificate</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Section 10.1(a)</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Buyer Indemnitees</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Section&nbsp;10.3</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Capital Budget</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Section 2.2(a)</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Cash Amount</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Section 2.2(a)</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">CERCLA</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Schedule A &#150; definition of &#147;Environmental Laws&#148;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Certificates</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Section 10.1(a)</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Closing</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Section&nbsp;8.1</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Closing Date</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Section&nbsp;8.1</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Closing Demand</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Section 2.4(b)</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Commission</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Section 6.18</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Continued Employee</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Section 6.17(c)</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">COPA Consideration</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Section 2.2(c)(i)</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Crude JV</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Opening Paragraph</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Employment Offer</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Section 6.17(a)</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Ernst</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Schedule A &#150; definition of &#147;Audit Firm&#148;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Escrow Cash Shortfall</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Section 2.5(b)(i)</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Escrow Termination Date</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Section 2.5(b)(iv)</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Estimated Cash Amount</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Section 2.3(a)</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Estimated Closing Statement</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Section&nbsp;2.3(a)</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Extended Termination Date</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Section 9.1(b)</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Final Closing Statement</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Section&nbsp;2.3(c)</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Financial Statements</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Section&nbsp;4.13(a)(ii)</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Holdover Claim</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Section 2.5(b)(iv)</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Indemnified Party or Indemnitee</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Section&nbsp;10.6(a)</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Indemnifying Party or Indemnitor</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Section&nbsp;10.6(a)</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Indemnity Escrow Fund</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Section 2.5(a)(ii)</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Interest Contribution</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Second Recital</TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">A-13 </P>


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<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="47%"></TD></TR>

<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Interests</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top">First Recital</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Intellectual Property</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top">Section&nbsp;4.10</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Interim Financial Statements</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top">Section&nbsp;4.13(a)(ii)</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Joint Direction</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top">Section 2.6</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Memorandum of Dedication Agreement</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top">Section 6.16</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Newco</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top">Second Recital</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Notice Period</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top">Section 10.6(c)</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Partnership</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top">Opening Paragraph</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Party or Parties</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top">Opening Paragraph</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">PC Contract Counterparty</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top">Section 11.10(c)</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Preliminary Asset Allocation</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top">Section 2.7(b)</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Proposed Closing Statement</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top">Section&nbsp;2.3(b)</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Purchase Price Escrow Fund</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top">Section 2.5(a)(i)</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Reimbursable Capex</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top">Section 2.2(a)</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Requested Confidential Term</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top">Section 6.18</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Required Notifications</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top">Section 4.3(a)</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Required Third-Party Consent</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top">Section 4.3(a)</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Restraint</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top">Section 7.1(c)</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Restricted Business</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top">Section 6.15(a)(i)</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Restructuring</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top">Section 6.12(a)</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Restructure Assignment</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top">Section 6.12(a)(ii)</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Review Period</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top">Section&nbsp;2.3(c)</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Revised Allocation Schedule</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top">Section 2.7(c)</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Seller Certificates</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top">Section 10.1(a)</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Seller Indemnitees</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top">Section&nbsp;10.2</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Sellers</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top">Opening Paragraph</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Subject Marks</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top">Section 6.13</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Termination Agreement</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top">Section 6.9</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Termination Date</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top">Section 9.1(b)</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Territory</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top">Section 6.15(a)(i)</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Third Person Claim</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top">Section 10.6(c)</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Transition Services Agreement</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top">Section 6.10</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Uncapped Distributions</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top">Section 10.4(f)</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Wildcat</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top">Opening Paragraph</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Wildcat Counsel</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top">Section 11.9(a)</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Wildcat Operating</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top">Opening Paragraph</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Wildcat Parent</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top">Opening Paragraph</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Year End Financial Statements</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top">Section&nbsp;4.13(a)(i)</TD></TR>
</TABLE>
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