<SUBMISSION>
<ACCESSION-NUMBER>0001047469-03-041511
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>6
<PERIOD>20031218
<ITEMS>5
<ITEMS>7
<FILING-DATE>20031219
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>MAGELLAN MIDSTREAM PARTNERS LP
<CIK>0001126975
<ASSIGNED-SIC>4610
<IRS-NUMBER>731599053
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>001-16335
<FILM-NUMBER>031064079
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>P O BOX 22186
<CITY>TULSA
<STATE>OK
<ZIP>74121-2186
<PHONE>918 574 7000
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>ONE WILLIAMS CENTER
<CITY>TULSA
<STATE>OK
<ZIP>74172
</MAIL-ADDRESS>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>WILLIAMS ENERGY PARTNERS L P
<DATE-CHANGED>20001024
</FORMER-COMPANY>
</FILER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a2125332z8-k.htm
<DESCRIPTION>8-K
<TEXT>
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<HEAD>

</HEAD>
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<P ALIGN="CENTER"><FONT SIZE=5><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>  </B></FONT><FONT SIZE=2><B>Washington, DC 20549  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=5><B>FORM 8-K  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=3><B>CURRENT REPORT  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=3><B> Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B>Date of Report: December 19, 2003<BR>
(Date of earliest event reported): December 18, 2003  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=5><B>Magellan Midstream Partners, L.P.<BR>  </B></FONT><FONT SIZE=2>(Exact name of registrant as specified in its chapter) </FONT></P>

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<TD WIDTH="32%" ALIGN="CENTER"><FONT SIZE=2><B>Delaware</B></FONT><FONT SIZE=2><BR>
(State or other jurisdiction<BR>
of incorporation)</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="32%" ALIGN="CENTER"><FONT SIZE=2><B>1-16335</B></FONT><FONT SIZE=2><BR>
(Commission<BR>
File Number)</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="32%" ALIGN="CENTER"><FONT SIZE=2><B>73-1599053</B></FONT><FONT SIZE=2><BR>
(IRS Employer<BR>
Identification No.)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3 ALIGN="CENTER"><BR><FONT SIZE=2><B>P.O. Box 22186, Tulsa, Oklahoma</B></FONT><FONT SIZE=2><BR>
(Address of principal executive offices)</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="32%" ALIGN="CENTER"><BR><FONT SIZE=2><B>74121-2186</B></FONT><FONT SIZE=2><BR>
(Zip Code)<BR></FONT>
</TD>
</TR>
</TABLE>
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<P ALIGN="CENTER"><FONT SIZE=2><B>Registrant's telephone number, including area code: (918) 574-7000</B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B>Not Applicable</B></FONT><FONT SIZE=2><BR>
(Former name or former address, if changed since last report) </FONT></P>

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<P><FONT SIZE=2><B>Item 5. Other Events.  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On December&nbsp;18, 2003, Magellan Midstream Partners, L.P., a Delaware limited partnership (the "Partnership"), entered into an underwriting agreement, which
is attached hereto as Exhibit&nbsp;1.1, with respect to the issuance and sale in an underwritten public offering by the Partnership of 200,000 common units and to the issuance and sale by Magellan
Midstream Holdings, L.P., the owner of the Partnership's general partner (the "Selling Unitholder") of 4,300,000 common units, which represent limited partner interests in the Partnership. The
underwriters were also granted an option to purchase up to an additional 675,000 common units from the Selling Unitholder. The common units sold in the offering were registered under the Securities
Act of 1933, as amended, pursuant to shelf registration statements on Form&nbsp;S-3 (File Nos. 333-83952 and 333-109732). </FONT></P>

<P><FONT SIZE=2><B>Item 7. Financial Statements and Exhibits.  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each exhibit identified below is filed as part of this report:  </FONT></P>

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<TD WIDTH="13%"><FONT SIZE=2>Exhibit&nbsp;1.1</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="84%"><FONT SIZE=2>Underwriting Agreement dated as of December&nbsp;18, 2003 by and among the Partnership and the underwriters named therein.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="13%"><FONT SIZE=2><BR>
Exhibit&nbsp;5.1</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="84%"><FONT SIZE=2><BR>
Opinion of Vinson&nbsp;&amp; Elkins L.L.P. as to the legality of the securities registered.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="13%"><FONT SIZE=2><BR>
Exhibit&nbsp;8.1</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="84%"><FONT SIZE=2><BR>
Opinion of Vinson&nbsp;&amp; Elkins L.L.P. as to certain tax matters.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="13%"><FONT SIZE=2><BR>
Exhibit&nbsp;23.1</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="84%"><FONT SIZE=2><BR>
Consent of Vinson&nbsp;&amp; Elkins L.L.P. (included in Exhibits 5.1 and 8.1).</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="13%"><FONT SIZE=2><BR>
Exhibit&nbsp;99.1</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="84%"><FONT SIZE=2><BR>
Press Release of the Partnership dated December&nbsp;19, 2003.</FONT></TD>
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<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="jc1493_signatures"> </A>
<A NAME="toc_jc1493_1"> </A>
<BR></FONT><FONT SIZE=2><B>SIGNATURES    <BR>    </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Exchange Act of 1934, the Partnership has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized. </FONT></P>

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<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>MAGELLAN MIDSTREAM PARTNERS, L.P.</FONT></TD>
</TR>
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<TD WIDTH="39%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="54%"><FONT SIZE=2><BR>
Magellan GP, LLC<BR>
its General Partner</FONT></TD>
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<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2><BR>
Date: December&nbsp;19, 2003</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="54%"><FONT SIZE=2><BR>
/s/&nbsp;&nbsp;</FONT><FONT SIZE=2>SUZANNE H. COSTIN</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE><FONT SIZE=2> Name: Suzanne H. Costin<BR>
Title: Corporate Secretary<BR></FONT>
</TD>
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<P ALIGN="CENTER"><FONT SIZE=2><A
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<BR></FONT><FONT SIZE=2><B>EXHIBIT INDEX    <BR>    </B></FONT></P>

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<TH WIDTH="14%" ALIGN="LEFT"><FONT SIZE=1><B>Exhibit No.<BR> </B></FONT><HR NOSHADE></TH>
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<TH WIDTH="84%" ALIGN="CENTER"><FONT SIZE=1><B>Description</B></FONT><HR NOSHADE></TH>
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<TD WIDTH="14%"><FONT SIZE=2>Exhibit 1.1</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="84%"><FONT SIZE=2>Underwriting Agreement dated as of December 18, 2003 by and among the Partnership and the underwriters named therein.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="14%"><FONT SIZE=2><BR>
Exhibit 5.1</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="84%"><FONT SIZE=2><BR>
Opinion of Vinson &amp; Elkins L.L.P. as to the legality of the securities registered.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="14%"><FONT SIZE=2><BR>
Exhibit 8.1</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="84%"><FONT SIZE=2><BR>
Opinion of Vinson &amp; Elkins L.L.P. as to certain tax matters.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="14%"><FONT SIZE=2><BR>
Exhibit 23.1</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="84%"><FONT SIZE=2><BR>
Consent of Vinson &amp; Elkins L.L.P. (included in Exhibits 5.1 and 8.1).</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="14%"><FONT SIZE=2><BR>
Exhibit 99.1</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="84%"><FONT SIZE=2><BR>
Press Release of the Partnership dated December 19, 2003.</FONT></TD>
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<BR>
<P><br><A NAME="03HOU1493_1">QuickLinks</A><br></P><!-- TOC_BEGIN -->
<FONT SIZE=2><A HREF="#toc_jc1493_1">SIGNATURES</A></FONT><BR>
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<FONT SIZE=2><A HREF="#toc_ka1493_1">EXHIBIT INDEX</A></FONT><BR>
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<DOCUMENT>
<TYPE>EX-1.1
<SEQUENCE>3
<FILENAME>a2125332zex-1_1.htm
<DESCRIPTION>EXHIBIT 1.1
<TEXT>
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<P ALIGN="RIGHT"><FONT SIZE=2><A
NAME="page_kc1493_1_1"> </A> </FONT> <FONT SIZE=2><B>Exhibit 1.1  </B></FONT></P>

<P ALIGN="RIGHT"><FONT SIZE=2><B><I>Execution Copy</I></B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B>MAGELLAN MIDSTREAM PARTNERS, L.P.<BR>
<BR>
4,500,000 Common Units<BR>
<BR>
Representing Limited Partner Interests<BR>
<BR>
UNDERWRITING AGREEMENT  </B></FONT></P>

<P ALIGN="RIGHT"><FONT SIZE=2>December&nbsp;18,
2003 </FONT></P>

<P><FONT SIZE=2>LEHMAN BROTHERS&nbsp;INC.<BR>
CITIGROUP GLOBAL MARKETS&nbsp;INC.</FONT><FONT SIZE=2><BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;as the Representatives of the several<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Underwriters named in </FONT><FONT SIZE=2><I>Schedule&nbsp;1</I></FONT><FONT SIZE=2><BR>
c/o Lehman Brothers&nbsp;Inc.<BR>
745 Seventh Avenue<BR>
New York, New York 10019 </FONT></P>


<P><FONT SIZE=2>Dear
Sirs: </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Magellan
Midstream Partners, L.P., a Delaware limited partnership (the "</FONT><FONT SIZE=2><I>Partnership</I></FONT><FONT SIZE=2>"), and Magellan Midstream Holdings, L.P., a Delaware
limited partnership (the "</FONT><FONT SIZE=2><I>Selling Unitholder</I></FONT><FONT SIZE=2>"), propose to issue and sell to the several underwriters named in Schedule&nbsp;1 hereto (collectively,
the "</FONT><FONT SIZE=2><I>Underwriters</I></FONT><FONT SIZE=2>") an aggregate of 4,500,000 common units (the "</FONT><FONT SIZE=2><I>Firm Units</I></FONT><FONT SIZE=2>") representing limited
partner interests in the Partnership (the "</FONT><FONT SIZE=2><I>Common Units</I></FONT><FONT SIZE=2>"). Of the 4,500,000 Firm Units, 200,000 Common Units are being sold by the Partnership and
4,300,000 Common Units are being sold by the Selling Unitholder. Lehman Brothers&nbsp;Inc. and Citigroup Global Markets&nbsp;Inc. shall act as representatives (the
"</FONT><FONT SIZE=2><I>Representatives</I></FONT><FONT SIZE=2>") of the several Underwriters. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
addition, the Selling Unitholder proposes to grant to the Underwriters an option to purchase up to an additional 675,000 Common Units on the terms and for the purposes set forth in </FONT> <FONT SIZE=2><I>Section&nbsp;2</I></FONT><FONT SIZE=2> (the
"</FONT><FONT SIZE=2><I>Option Units</I></FONT><FONT SIZE=2>"). The Firm Units and the Option Units are hereinafter collectively
called the "</FONT><FONT SIZE=2><I>Units</I></FONT><FONT SIZE=2>." Capitalized terms used but not defined herein shall have the same meanings given them in the Partnership Agreement (as defined
herein). </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Magellan
GP, LLC, a Delaware limited liability company, serves as the general partner (the "</FONT><FONT SIZE=2><I>General Partner</I></FONT><FONT SIZE=2>") of the Partnership. The
Partnership is the sole limited partner of Magellan OLP, L.P., a Delaware limited partnership (the "</FONT><FONT SIZE=2><I>Operating Partnership</I></FONT><FONT SIZE=2>"), and the sole stockholder of
Magellan GP,&nbsp;Inc., a Delaware corporation ("</FONT><FONT SIZE=2><I>OLP GP</I></FONT><FONT SIZE=2>"), which serves as the general partner of the Operating Partnership. The Partnership is the
sole member of Magellan Pipeline Company, LLC, a Delaware limited liability company ("</FONT><FONT SIZE=2><I>MPL LLC</I></FONT><FONT SIZE=2>"). Each of Magellan NGL, LLC, a Delaware limited liability
company ("</FONT><FONT SIZE=2><I>MNGL LLC</I></FONT><FONT SIZE=2>"), Magellan Terminals Holdings, L.P., a Delaware limited partnership ("</FONT><FONT SIZE=2><I>MTH LP</I></FONT><FONT SIZE=2>"),
Magellan Pipelines Holdings, L.P., a Delaware limited partnership ("</FONT><FONT SIZE=2><I>MPH LP</I></FONT><FONT SIZE=2>"), Magellan Ammonia Pipeline, L.P., a Delaware limited partnership
("</FONT><FONT SIZE=2><I>MAP LP</I></FONT><FONT SIZE=2>") and Magellan Asset Services, L.P. ("</FONT><FONT SIZE=2><I>MAS LP</I></FONT><FONT SIZE=2>") is a subsidiary of the Operating Partnership,
and is sometimes referred to herein, individually as a "</FONT><FONT SIZE=2><I>Subsidiary</I></FONT><FONT SIZE=2>" and collectively, as the
"</FONT><FONT SIZE=2><I>Subsidiaries</I></FONT><FONT SIZE=2>." </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Partnership, the General Partner, the Operating Partnership, OLP GP, MPL LLC and the Subsidiaries are sometimes referred to herein individually as a
"</FONT><FONT SIZE=2><I>Partnership Entity</I></FONT><FONT SIZE=2>" and collectively as the "</FONT><FONT SIZE=2><I>Partnership Entities</I></FONT><FONT SIZE=2>." The Partnership Entities excluding
the General Partner are sometimes referred to herein collectively as the "</FONT><FONT SIZE=2><I>Partnership Group</I></FONT><FONT SIZE=2>." The Partnership, the General Partner, the </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>1</FONT></P>

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<P><FONT SIZE=2>Operating
Partnership and MPL LLC are sometimes referred to herein collectively as the "</FONT><FONT SIZE=2><I>Magellan Parties</I></FONT><FONT SIZE=2>." </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This
underwriting agreement (the "</FONT><FONT SIZE=2><I>Agreement</I></FONT><FONT SIZE=2>") is to confirm the agreement concerning the purchase of the Units from the Partnership and
the Selling Unitholder by the Underwriters. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;1.
</FONT><FONT SIZE=2><I>Representations, Warranties and Agreements of the Partnership Entities.</I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Magellan Parties, jointly and severally, represent, warrant and agree that: </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;A
registration statement on Form&nbsp;S-3 (File No.&nbsp;333-83952) with respect to the Common Units being sold by the Partnership and a
registration statement on Form&nbsp;S-3 (File No.&nbsp;333-109732) with respect to the Common Units being sold by the Selling Unitholder have (i)&nbsp;been prepared by
the Partnership in conformity with the requirements of the Securities Act of 1933, as amended (the "</FONT><FONT SIZE=2><I>Securities Act</I></FONT><FONT SIZE=2>"), and the rules and regulations (the
"</FONT><FONT SIZE=2><I>Rules and Regulations</I></FONT><FONT SIZE=2>") of the Securities and Exchange Commission (the "</FONT><FONT SIZE=2><I>Commission</I></FONT><FONT SIZE=2>") thereunder,
(ii)&nbsp;been filed with the Commission under the Securities Act and (iii)&nbsp;become effective under the Securities Act. Copies of each such registration statement and each of the amendments
thereto, if any, have been delivered by the Partnership to the Representatives of the Underwriters. As used in this Agreement, "</FONT><FONT SIZE=2><I>Effective Time</I></FONT><FONT SIZE=2>" means
the respective date and the time as of which each such registration statement, or the most recent post-effective amendment thereto, if any, was declared effective by the Commission;
"</FONT><FONT SIZE=2><I>Effective Date</I></FONT><FONT SIZE=2>" means the respective date of each Effective Time; "</FONT><FONT SIZE=2><I>Preliminary Prospectus</I></FONT><FONT SIZE=2>" means each
prospectus included in each such registration statement, or amendments thereto, before each such registration statement became effective under the Securities Act, any prospectus filed with the
Commission by the Partnership with the consent of the Representatives pursuant to Rule&nbsp;424(a) of the Rules and Regulations, or any preliminary prospectus supplement, including the accompanying
base prospectus, filed with the Commission by the Partnership with the consent of the Representatives after the effectiveness of each such registration statement pursuant to Rule&nbsp;424(b) of the
Rules and Regulations; "</FONT><FONT SIZE=2><I>Registration Statement</I></FONT><FONT SIZE=2>" means collectively, each registration statement referred to above, as each was amended at its Effective
Time, including all information contained in the final prospectus filed with the Commission pursuant to Rule&nbsp;424(b) of the Rules and Regulations and deemed to be a part of each such
registration statement as of its Effective Time pursuant to Rule&nbsp;430A of the Rules and Regulations and any new registration statement registering additional securities pursuant to
Rule&nbsp;462(b) of the Rules and Regulations; and "</FONT><FONT SIZE=2><I>Prospectus</I></FONT><FONT SIZE=2>" means the final prospectus supplement, including the accompanying base prospectus, as
first filed with the Commission pursuant to paragraph&nbsp;(2) or (5)&nbsp;of Rule&nbsp;424(b) of the Rules and Regulations. Reference made herein to any Preliminary Prospectus or to the
Prospectus shall be deemed to refer to and include any information incorporated by reference therein pursuant to Item 12 of Form&nbsp;S-3 under the Securities Act, as of the date of such
Preliminary Prospectus or the Prospectus, as the case may be, and any reference to any amendment or supplement to any Preliminary Prospectus or the Prospectus shall be deemed to refer to and include
any document filed under the Securities Exchange Act of 1934, as amended (the "</FONT><FONT SIZE=2><I>Exchange Act</I></FONT><FONT SIZE=2>") after the date of such Preliminary Prospectus or the
Prospectus, as the case may be, and incorporated by reference in the Preliminary Prospectus or the Prospectus, as the case may be; and any reference to any amendment to the Registration Statement
shall be deemed to include any periodic report of the Partnership filed with the Commission pursuant to Section&nbsp;13(a) or 15(d) of the Exchange Act after the applicable Effective Time that is
incorporated by reference in the Registration Statement. The Commission has not issued any order preventing or suspending the use of any Preliminary Prospectus. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;The
Registration Statement conforms, and the Prospectus and any further amendments or supplements to the Registration Statement or the Prospectus will, when they become
effective or are filed with the Commission, as the case may be, conform in all material respects to the requirements of the Securities Act and the Rules and Regulations and do not and will not, as of
the applicable Effective Date (as to the Registration Statement and any amendment thereto) and as of the applicable filing </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>2</FONT></P>

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<P><FONT SIZE=2>date
(as to the Prospectus and any amendment or supplement thereto) contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make
the statements therein not misleading (in the case of the Prospectus, in light of the circumstances under which the statements were made); and each of the statements made by the Partnership in the
Registration Statement, and to be made in the Prospectus and any further amendments or supplements to the Registration Statement or Prospectus within the coverage of Rule&nbsp;175(b) of the Rules
and Regulations under the Securities Act, including (but not limited to) any statements with respect to future available cash or future cash distributions of the Partnership or the anticipated ratio
of taxable income to distributions was made or will be made with a reasonable basis and in good faith. Notwithstanding the foregoing, no representation or warranty is made as to information in or
omissions from the Registration Statement or the Prospectus made in reliance upon and in conformity with information furnished to the Partnership in writing by or on behalf of any Underwriter through
the Representatives expressly for use therein. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;The
documents incorporated by reference in the Registration Statement, the Prospectus and any Preliminary Prospectus, when they were filed with the Commission, conformed
in all material respects to the requirements of the Exchange Act and the Rules and Regulations thereunder, and none of such documents contained any untrue statement of material fact or omitted to
state a material fact required to be stated therein or necessary to make the statements therein not misleading; and any further documents so filed and incorporated by reference in the Registration
Statement, the Prospectus and any Preliminary Prospectus, respectively, when such documents are filed with the Commission, will conform in all material respects to the requirements of the Exchange Act
and the Rules and Regulations thereunder and will not contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements
therein not misleading. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;Each
of the Partnership, the Operating Partnership, MTH LP, MPH LP, MAP LP and MAS LP has been duly formed and is validly existing in good standing as a limited
partnership under the Delaware Revised Uniform Limited Partnership Act (the "</FONT><FONT SIZE=2><I>Delaware LP Act</I></FONT><FONT SIZE=2>"), has full partnership power and authority necessary to
own or hold its properties and assets and to conduct the businesses in which it is engaged, and is duly registered or qualified to do business as a foreign limited partnership in each jurisdiction in
which ownership or lease of property or the conduct of business requires such qualification, except where the failure to so register or qualify would not (i)&nbsp;have a material adverse effect on
the condition (financial or other), business, prospects, properties, securityholders' equity or results of operations of the Partnership Group, taken as a whole, or (ii)&nbsp;subject the limited
partners of the Partnership to any material liability or disability. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;&nbsp;&nbsp;Each
of the General Partner, MPL LLC and MNGL LLC has been duly formed and is validly existing in good standing as a limited liability company under the Delaware Limited
Liability Company Act (the "</FONT><FONT SIZE=2><I>Delaware LLC Act</I></FONT><FONT SIZE=2>"), has full limited liability company power and authority necessary to own or hold its properties and to
conduct the businesses in which it is engaged, and is duly registered or qualified to do business as a foreign limited liability company in each jurisdiction in which ownership or lease of property or
the conduct of business requires such qualification, except where the failure to so register or qualify would not (i)&nbsp;have a material adverse effect on the condition (financial or other),
business, prospects, properties, securityholders' equity or results of operations of the Partnership Group, taken as a whole, or (ii)&nbsp;subject the limited partners of the Partnership to any
material liability or disability. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;&nbsp;&nbsp;&nbsp;The
OLP GP has been duly incorporated and is validly existing as a corporation in good standing under the Delaware General Corporation Law of the State of Delaware
("</FONT><FONT SIZE=2><I>DGCL</I></FONT><FONT SIZE=2>"), has full corporate power and authority necessary to own or hold its properties and to conduct the businesses in which it is engaged, and is
duly qualified to do business as a foreign corporation in each jurisdiction in which its ownership or lease of property or the conduct of its businesses requires such qualification, except where the
failure to so register or qualify would not (i)&nbsp;have a material adverse effect on the </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>3</FONT></P>

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<P><FONT SIZE=2>condition
(financial or other), business, prospects, properties, securityholders' equity or results of operations of the Partnership Group, taken as a whole, or (ii)&nbsp;subject the limited
partners of the Partnership to any material liability or disability. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)&nbsp;&nbsp;&nbsp;The
Operating Partnership, the OLP GP, MPL LLC and the Subsidiaries constitute all of the subsidiaries of the Partnership; and none of these entities, other than the
Operating Partnership, MPL LLC and MTH LP, is a "</FONT><FONT SIZE=2><I>significant subsidiary</I></FONT><FONT SIZE=2>" as such term is defined in Rule&nbsp;405 of the Rules and Regulations. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)&nbsp;&nbsp;&nbsp;The
General Partner is the sole general partner of the Partnership with a 2.0% general partner interest in the Partnership; such general partner interest has been duly
and validly authorized and issued in accordance with the agreement of limited partnership of the Partnership (as the same may be further amended or restated on or prior to any Delivery Date (as
defined below), the "</FONT><FONT SIZE=2><I>Partnership Agreement</I></FONT><FONT SIZE=2>"); and the General Partner owns such general partner interest free and clear of all liens, encumbrances,
security interests, equities, charges or claims. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp;As
of the date of the Prospectus, other than the Units to be offered by the Partnership hereby, the Partnership has no limited partner interests issued and outstanding
other than the following: </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;8,910,618
Common Units and 5,679,694 Subordinated Units (as defined in the Partnership Agreement) owned by the Selling Unitholder (collectively, the
"</FONT><FONT SIZE=2><I>Sponsor Units</I></FONT><FONT SIZE=2>"); </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;&nbsp;the
Incentive Distribution Rights (as defined in the Partnership Agreement) held by the General Partner; and </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;&nbsp;16,400,000
Common Units issued to public unitholders, </FONT></P>

</UL>

<P><FONT SIZE=2>all
of such Sponsor Units, Incentive Distribution Rights, Common Units and the limited partner interests represented thereby have been duly authorized and validly issued in accordance with the
Partnership Agreement and are fully paid (to the extent required under the Partnership Agreement) and nonassessable (except as such nonassessability may be affected by
Section&nbsp;17-607 of the Delaware LP Act); and the General Partner owns all of such Incentive Distribution Rights, free and clear of all liens, encumbrances, security interests,
equities, charges or claims. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)&nbsp;&nbsp;&nbsp;&nbsp;The
Units to be issued and sold by the Partnership and the Selling Unitholder to the Underwriters hereunder have been duly and validly authorized and, when issued and
delivered against payment therefor in accordance with this Agreement will be duly and validly issued, fully paid (to the extent required under the Partnership Agreement) and non-assessable
(except as such nonassessability may be affected by Section&nbsp;17-607 of the Delaware LP Act); the Units, when issued and delivered against payment therefor as provided herein will
conform to the descriptions thereof contained in the Prospectus. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k)&nbsp;&nbsp;&nbsp;The
Partnership owns all of the outstanding capital stock of the OLP GP; all of such capital stock has been duly and validly authorized and issued and is fully paid and
nonassessable; and such capital stock is owned free and clear of all liens, encumbrances, security interests, equities, charges or claims except for those liens, encumbrances, security interests,
equities, charges or claims existing under and as a result of the pledge thereof to secure indebtedness outstanding, interest and other obligations under the Credit Agreement among the Partnership,
the lenders party thereto, Lehman Brothers&nbsp;Inc. and Bank of America Securities, LLC, as joint lead arrangers, Bank of America, N.A., as syndication agent and Lehman Commercial
Paper&nbsp;Inc., as administrative agent, dated as of August&nbsp;6, 2003, as amended (the "</FONT><FONT SIZE=2><I>Credit Agreement Permitted Liens</I></FONT><FONT SIZE=2>"). </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l)&nbsp;&nbsp;&nbsp;&nbsp;The
OLP GP is the sole general partner of the Operating Partnership with a 0.001% general partner interest in the Operating Partnership; such general partner interest
has been duly authorized and validly issued in accordance with the agreement of limited partnership of the Operating Partnership </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>4</FONT></P>

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<P><FONT SIZE=2>(as
the same may be further amended or restated on or prior to any Delivery Date, the "</FONT><FONT SIZE=2><I>Operating Partnership Agreement</I></FONT><FONT SIZE=2>"); and the OLP GP owns such
general partner interest free and clear of all liens, encumbrances, security interests, equities, charges or claims except for the Credit Agreement Permitted Liens. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m)&nbsp;&nbsp;The
Partnership is the sole limited partner of the Operating Partnership with a 99.999% limited partner interest in the Operating Partnership; such limited partner
interest has been duly authorized and validly issued in accordance with the Operating Partnership Agreement and is fully paid (to the extent required under the Operating Partnership Agreement) and
nonassessable (except as such nonassessability may be affected by Section&nbsp;17-607 of the Delaware LP Act); and the Partnership owns such limited partner interest free and clear of
all liens, encumbrances, security interests, equities, charges or claims, security interests, equities, charges or claims except for the Credit Agreement Permitted Liens. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n)&nbsp;&nbsp;&nbsp;The
Operating Partnership owns a 100% member interest in MNGL LLC; such member interest has been duly authorized and validly issued in accordance with the limited
liability company agreement of MNGL LLC (as the same may be amended or restated on or prior to any Delivery Date, the "</FONT><FONT SIZE=2><I>MNGL LLC Agreement</I></FONT><FONT SIZE=2>"), and is
fully paid (to the extent required under the MNGL LLC Agreement) and nonassessable (except as such nonassessability may be affected by Section&nbsp;18-607 of the Delaware LLC Act); and
the Operating Partnership owns such member interest free and clear of all liens, encumbrances, security interests, equities, charges or claims except for the Credit Agreement Permitted Liens. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o)&nbsp;&nbsp;&nbsp;MNGL
LLC is the sole general partner of each of MAP LP, MAS LP, MPH LP and MTH LP (the "</FONT><FONT SIZE=2><I>LP Subsidiaries</I></FONT><FONT SIZE=2>") with a 0.001%
general partner interest in each of the LP Subsidiaries; each such general partner interest has been duly authorized and validly issued in accordance with each of the respective partnership agreements
of each of the LP Subsidiaries (as each may be amended and restated on or prior to any Delivery Date, the "</FONT><FONT SIZE=2><I>LP Subsidiary Partnership Agreements</I></FONT><FONT SIZE=2>"); and
MNGL LLC owns each such general partner interest free and clear of all liens, encumbrances, security interests, equities, charges or claims except for the Credit Agreement Permitted Liens. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(p)&nbsp;&nbsp;&nbsp;The
Operating Partnership is the sole limited partner of each of the LP Subsidiaries with a 99.999% limited partner interest in each of the LP Subsidiaries; each such
limited partner interest has been duly authorized and validly issued in accordance with each of the respective LP Subsidiary Partnership Agreements and is fully paid (to the extent required under each
of the LP Subsidiary Partnership Agreements and the Delaware LP Act) and nonassessable (except as such nonassessability may be affected by Section&nbsp;17-607 of the Delaware LP Act);
and the Operating Partnership owns each of such limited partner interest free and clear of all liens, encumbrances, security interests, equities, charges or claims except for the Credit Agreement
Permitted Liens. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(q)&nbsp;&nbsp;&nbsp;The
Selling Unitholder is the sole member of the General Partner with a 100% member interest in the General Partner; such member interest has been duly authorized and
validly issued in accordance with the limited liability company agreement of the General Partner (as the same may be amended or restated at or prior to any Delivery Date, the
"</FONT><FONT SIZE=2><I>GP LLC Agreement</I></FONT><FONT SIZE=2>"), and is fully paid (to the extent required under the GP LLC Agreement) and nonassessable (except as such nonassessability may be
affected by Section&nbsp;18-607 of the Delaware LLC Act). </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(r)&nbsp;&nbsp;&nbsp;The
Partnership owns a 100% member interest in MPL LLC; such member interest has been duly authorized and validly issued in accordance with the limited liability company
agreement of MPL LLC (as the same may be amended or restated at or prior to any Delivery Date, the "</FONT><FONT SIZE=2><I>MPL LLC Agreement</I></FONT><FONT SIZE=2>"), and is fully paid (to the
extent required under such Limited Liability Company Agreement) and nonassessable (except as such nonassessability may be affected by Section&nbsp;18-607 of the Delaware LLC Act); and
the Partnership owns such member interest free and clear of all liens, encumbrances, security interests, equities, charges or claims except for those liens, encumbrances, </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>5</FONT></P>

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<P><FONT SIZE=2>security
interests, equities, charges or claims existing as a result of the pledge of such member interest to secure indebtedness outstanding, interest and other obligations under the Note Purchase
Agreement among MPL LLC, the Partnership, the General Partner and the Purchasers parties thereto dated October&nbsp;1, 2002, as amended. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(s)&nbsp;&nbsp;&nbsp;Except
for any such rights which have been effectively complied with or waived, (i)&nbsp;no person has the right, contractual or otherwise, to cause the Partnership to
issue any partner interests in the Partnership or any equity interests in any other Partnership Entity, (ii)&nbsp;there are no preemptive rights, resale rights, rights of first refusal or other
rights to purchase any partner interests in the Partnership or any equity interests in any other Partnership Entity, and (iii)&nbsp;no person has the right to act as an underwriter, or as a
financial advisor to the Partnership, in connection with the offer and sale of the Units, in the case of each of the foregoing clauses (i), (ii)&nbsp;and (iii), whether as a result of the filing or
the effectiveness of the Registration Statement or the sale of the Units as contemplated thereby or otherwise. Except as described in the Prospectus, there are no outstanding options or warrants to
purchase (A)&nbsp;any Common Units, Subordinated Units, Incentive Distribution Rights or other interests in the Partnership or (B)&nbsp;any interests in the General Partner, the Operating
Partnership, MPL LLC or any other member of the Partnership Group. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(t)&nbsp;&nbsp;&nbsp;&nbsp;The
Partnership has all requisite power and authority to issue, sell and deliver the Units, in accordance with and upon the terms and conditions set forth in this
Agreement, the Partnership Agreement, the Registration Statement and the Prospectus. On each Delivery Date, all corporate, partnership and limited liability company action, as the case may be,
required to be taken by the Partnership or any of its securityholders or partners for the authorization, issuance, sale and delivery of the Units, the execution and delivery by the Partnership of this
Agreement and the consummation of the transactions contemplated by this Agreement, shall have been validly taken. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(u)&nbsp;&nbsp;&nbsp;This
Agreement has been duly authorized, executed and delivered by the Partnership Entities, and constitutes the valid and legally binding agreement of each of the
Partnership Entities, enforceable against it in accordance with its terms. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v)&nbsp;&nbsp;&nbsp;The
Partnership Agreement has been duly authorized, executed and delivered and is a valid and legally binding agreement of the General Partner, enforceable against the
General Partner in accordance with its terms. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(w)&nbsp;&nbsp;The
Operating Partnership Agreement has been duly authorized, executed and delivered by the OLP GP and the Partnership, and is a valid and legally binding agreement of
the OLP GP and the Partnership, enforceable against the OLP GP and the Partnership in accordance with its terms. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x)&nbsp;&nbsp;&nbsp;The
GP LLC Agreement has been duly authorized, executed and delivered by the Selling Unitholder, and is a valid and legally binding agreement of the Selling Unitholder,
enforceable against the Selling Unitholder in accordance with its terms. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(y)&nbsp;&nbsp;&nbsp;The
MPL LLC Agreement has been duly authorized, executed and delivered by the Partnership, and is a valid and legally binding agreement of the Partnership, enforceable
against it in accordance with its terms. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(z)&nbsp;&nbsp;&nbsp;The
MNGL LLC Agreement has been duly authorized, executed and delivered by the Operating Partnership, and is a valid and legally binding agreement of the Operating
Partnership, enforceable against the Operating Partnership in accordance with its terms. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(aa)&nbsp;Each
of the LP Subsidiary Partnership Agreements has been duly authorized, executed and delivered by the Operating Partnership and MNGL LLC and is a valid and legally
binding agreement of the Operating Partnership and MNGL LLC, enforceable against each of them in accordance with its terms. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>6</FONT></P>

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<P><FONT SIZE=2><I>Provided that</I></FONT><FONT SIZE=2>, with respect to each agreement described in </FONT><FONT SIZE=2><I>clauses (u)</I></FONT><FONT SIZE=2>&nbsp;through </FONT> <FONT SIZE=2><I>(aa)</I></FONT><FONT SIZE=2> above, the
enforceability thereof may be limited by bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar laws
relating to or affecting creditors' rights generally and by general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law); and </FONT> <FONT SIZE=2><I>provided, further</I></FONT><FONT
SIZE=2>, that the indemnity, contribution and exoneration provisions contained in any of such agreements may be limited by applicable laws and
public policy. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(bb)&nbsp;None
of the offering, issuance and sale by the Partnership of the Units, the execution, delivery and performance of this Agreement by the Partnership Entities, or the
consummation of the transactions contemplated hereby (i)&nbsp;conflicts or will conflict with or constitutes or will constitute a breach or violation of the agreement of limited partnership, limited
liability company agreement, certificate of incorporation or bylaws or other organizational documents of any of the Partnership Entities, (ii)&nbsp;conflicts or will conflict with or constitutes or
will constitute a breach or violation of, or a default under (or an event which, with notice or lapse of time or both, would constitute such an event), any indenture, mortgage, deed of trust, loan
agreement, lease or other agreement or instrument to which any of the Partnership Entities is a party or by which any of them or any of their respective properties may be bound, (iii)&nbsp;violates
or will violate any statute, law or regulation or any order, judgment, decree or injunction of any court or governmental agency or body having jurisdiction over any of the Partnership Entities or any
of their assets or properties in a proceeding to which any of them or other property is a party or (iv)&nbsp;will result in the creation or imposition of any lien, charge or encumbrance upon any
property or assets of any of the Partnership Entities, in the case of clauses (ii), (iii)&nbsp;or (iv), which conflicts, breaches, violations or defaults would have a material adverse effect upon
the condition (financial or other), business, prospects, properties, securityholders' equity or results of operations of the Partnership Group, taken as a whole. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(cc)&nbsp;Except
as described in the Prospectus, there are no contracts, agreements or understandings between the any of the Partnership Entities and any person granting such
person the right to require the Partnership to file&nbsp;a registration statement under the Securities Act with respect to any securities of any member of the Partnership Group owned or to be owned
by such person or to require the Partnership to include such securities with the Units registered pursuant to the Registration Statement or in any securities being registered pursuant to any other
registration statement filed by any of the Partnership Entities under the Securities Act. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(dd)&nbsp;No
Partnership Entity has sold or issued any Common Units during the six-month period preceding the date of the Prospectus, including any sales pursuant to
Rule&nbsp;144A under, or Regulations D or S of, the Securities Act other than Common Units issued pursuant to employee benefit plans, qualified options plans or other employee compensation plans. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ee)&nbsp;Neither
the General Partner nor any member of the Partnership Group has sustained, since the date of the latest audited financial statements included in the Prospectus,
any material loss or interference with its business from fire, explosion, flood or other calamity, whether or not covered by insurance, or from any labor dispute or court or governmental action, order
or decree, otherwise than as set forth or contemplated in the Prospectus; and, since such date, there has not been any change in the capitalization or long-term debt of the General Partner
or the capitalization or consolidated long-term debt of the Partnership Group, taken as a whole, or any material adverse change, or any development involving a prospective material adverse
change, in or affecting the general affairs, management, consolidated financial position, securityholders' equity, capitalization, results of operations, business or prospects of the Partnership
Group, taken as a whole, otherwise than as set forth or contemplated in the Prospectus. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ff)&nbsp;&nbsp;The
historical financial statements (including the related notes and supporting schedules) included in the Registration Statement, the Preliminary Prospectus, and the
Prospectus (and any amendment or supplement thereto) present fairly in all material respects the financial position, results </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>7</FONT></P>

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<P><FONT SIZE=2>of
operations and cash flows of the entities purported to be shown thereby on the basis stated therein at the respective dates or for the respective periods to which they apply, and have been prepared
in accordance with generally accepted accounting principles consistently applied throughout the periods involved. The summary selected historical set forth in the Registration Statement, the
Preliminary Prospectus dated December&nbsp;16, 2003, and the Prospectus (and any amendment or supplement thereto) under the caption "Summary Selected Financial and Operating Data" is accurately
presented in all material respects and prepared on a basis consistent with the audited and unaudited historical consolidated financial statements from which it has been derived. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(gg)&nbsp;Ernst&nbsp;&amp;
Young LLP, who have certified certain financial statements of the Partnership Group, and whose reports are included and incorporated by reference in the
Prospectus and who have delivered the letter referred to in </FONT><FONT SIZE=2><I>Section&nbsp;9(h) </I></FONT><FONT SIZE=2>hereof, are and have been, during the periods covered by the financial
statements on which they reported, independent public accountants as required by the Securities Act and the Rules and Regulations. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(hh)&nbsp;The
General Partner and each member of the Partnership Group have good and indefeasible title to all real property and good title to all personal property owned by
them, in each case free and clear of all liens, claims, security interests, encumbrances and other defects, except (i)&nbsp;such as are described in the Prospectus, (ii)&nbsp;such that exist to
secure indebtedness outstanding, interest and other obligations under the Note Purchase Agreement among MPL LLC, the Partnership, the General Partner and the Purchasers parties thereto dated
October&nbsp;1, 2002, as amended, or (iii)&nbsp;such as do not materially affect the value of such property taken as a whole and do not materially interfere with the use made and proposed to be
made of such property taken as a whole as described in the Prospectus; provided, that, with respect to title to pipeline rights-of-way, the Partnership Entities represent that
(A)&nbsp;none of MPH LP, MAP LP or MPL LLC has received any actual notice or claim from any owner of land upon which its pipeline is located that any of such entities does not have sufficient title
to enable it to use and occupy the pipeline rights-of-way as they are used and occupied as described in the Prospectus and which constitute valid claims or which have not been
satisfied by the applicable parties that will have a material adverse effect on the condition (financial or other), business, prospects, properties or results of operations of MPH LP, MAP LP or MPL
LLC and (B)&nbsp;any lack of title to the pipeline rights-of-way that will have a material adverse effect on the ability of MPH LP, MAP LP or MPL LLC to use and occupy the
pipeline rights-of-way as they are used and occupied as described in the Prospectus will be subject to (1)&nbsp;the indemnification provisions of Sections 5.1 and 5.2 of the
New Omnibus Agreement dated as of June&nbsp;17, 2003, among the Selling Unitholder and the other parties named therein, and (2)&nbsp;the indemnification provisions of Section&nbsp;10.1 of the
Contribution Agreement dated April&nbsp;11, 2002, among the Partnership, Williams GP LLC and Williams Energy Services LLC, a Delaware limited liability company and (3)&nbsp;Section&nbsp;8.2 of
the Purchase Agreement dated April&nbsp;8, 2003, among the Partnership and the other parties named therein. All assets held under lease or license by the members of the Partnership Group are held
under valid, subsisting and enforceable leases or licenses, with such exceptions (i)&nbsp;as are not material and do not interfere with the use made and proposed to be made of such assets as they
have been used as described in the Prospectus or (ii)&nbsp;that would not have a material adverse effect on the condition (financial or other), business, prospects, properties, securityholders'
equity or results of operations of the Partnership Group, taken as a whole. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;&nbsp;&nbsp;Each
of the Partnership Entities carry, or are covered by, insurance in such amounts and covering such risks as is adequate for the conduct of their respective
businesses and the value of their respective properties and as is customary for businesses engaged in similar businesses in similar industries, and none of the Partnership Entities has received notice
of cancellation or non-renewal of such insurance. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(jj)&nbsp;&nbsp;&nbsp;Each
of the Partnership Entities own or possess adequate rights to use all patents, patent applications, trademarks, service marks, trade names, trademark
registrations, service mark registrations, copyrights and licenses necessary for the conduct of their respective businesses and none </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>8</FONT></P>

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<BR>

<P><FONT SIZE=2>of
the Partnership Entities are aware of any claim to the contrary or any challenge by any other person to the rights of any of the Partnership Entities with respect to the foregoing. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(kk)&nbsp;Except
as described in the Prospectus, there are no legal or governmental proceedings pending to which any of the Partnership Entities is a party or of which any
property or assets of any of the Partnership Entities is the subject that are required to be described in the Registration Statement or Prospectus but are not described as required; and to the best
knowledge of the Partnership Entities, no such proceedings are threatened by governmental authorities or by others. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ll)&nbsp;&nbsp;&nbsp;The
conditions for use of Form&nbsp;S-3, as set forth in the General Instructions thereto, have been satisfied. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(mm)&nbsp;There
are no contracts or other documents which are required to be described in the Prospectus or filed as exhibits to the Registration Statement by the Securities Act
or by the Rules and Regulations thereunder which have not been described in the Prospectus or filed as exhibits to the Registration Statement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(nn)&nbsp;No
relationship, direct or indirect, exists between or among any member of the Partnership Group on the one hand, and the securityholders, customers or suppliers of any
member of the Partnership Group, the directors or officers of the General Partner, or any affiliate of a member of the Partnership Group, on the other hand, which is required to be described in the
Prospectus, which is not so described. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(oo)&nbsp;Except
as described in the Prospectus, no labor disturbance by the employees of any member of the Partnership Group (and to the extent they perform services on behalf
of any of any member of the Partnership Group, employees of the Selling Unitholder, or any affiliate of the Selling Unitholder), exists or, to the knowledge of the Partnership Entities, is imminent or
threatened, which might be expected to have a material adverse effect on the general affairs, management, consolidated financial position, securityholders' equity, results of operations, business or
prospects of the Partnership Group, taken as whole. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(pp)&nbsp;The
Partnership and the General Partner are in compliance in all material respects with all presently applicable provisions of the Employee Retirement Income Security
Act of 1974, as amended, including the regulations and published interpretations thereunder ("</FONT><FONT SIZE=2><I>ERISA</I></FONT><FONT SIZE=2>"); no "</FONT><FONT SIZE=2><I>reportable
event</I></FONT><FONT SIZE=2>" (as defined in ERISA) has occurred with respect to any "</FONT><FONT SIZE=2><I>pension plan</I></FONT><FONT SIZE=2>" (as defined in ERISA) for which the General Partner
or the Partnership would have any liability; neither the Partnership nor the General Partner has incurred nor does either expect to incur liability under (i)&nbsp;Title IV of ERISA with respect to
termination of, or withdrawal from, any "</FONT><FONT SIZE=2><I>pension plan</I></FONT><FONT SIZE=2>" or (ii)&nbsp;Sections 412 or 4971 of the Internal Revenue Code of 1986, as amended, including
the regulations and published interpretations thereunder (the "</FONT><FONT SIZE=2><I>Code</I></FONT><FONT SIZE=2>"); and each "</FONT><FONT SIZE=2><I>pension plan</I></FONT><FONT SIZE=2>" for which
the General Partner or the Partnership would have any liability that is intended to be qualified under Section&nbsp;401(a) of the Code has been determined by the Internal Revenue Service to be so
qualified and nothing has occurred, whether by action or by failure to act, which could reasonably be expected to cause the loss of such qualification. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(qq)&nbsp;Each
of the Partnership Entities has filed (or has obtained extensions with respect to) all material tax returns required to be filed through the date hereof, which
returns are complete and correct in all material respects, and has paid all taxes shown to be due pursuant to such returns, other than those (i)&nbsp;which, if not paid, would not have a material
adverse effect on the condition (financial or other), business, prospects, properties, securityholders' equity or results of operations of the Partnership Group, taken as a whole, or (ii)&nbsp;which
are being contested in good faith. No tax deficiency has been determined adversely to any Partnership Entity which has had (nor does the Partnership have any knowledge of any tax deficiency which, if
determined adversely to any Partnership Entity, might have) a material adverse effect on the consolidated (financial or other), business, prospects, properties, securityholders' equity or results of
operations of the Partnership Group, taken as a whole. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>9</FONT></P>

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<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(rr)&nbsp;&nbsp;Since
the date as of which information is given in the Prospectus through the date hereof, and except as may otherwise be disclosed in the Prospectus, neither the
General Partner nor any member of the Partnership Group has (i)&nbsp;issued or granted any securities, (ii)&nbsp;incurred any liability or obligation, direct or contingent, other than liabilities
and obligations which were incurred in the ordinary course of business, (iii)&nbsp;entered into any transaction not in the ordinary course of business or (iv)&nbsp;declared or paid any
distributions. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ss)&nbsp;&nbsp;The
Partnership Entities (i)&nbsp;make and keep accurate books and records and (ii)&nbsp;maintain internal accounting controls which provide reasonable assurance
that (A)&nbsp;transactions are executed in accordance with management's authorization, (B)&nbsp;transactions are recorded as necessary to permit preparation of the Partnership's consolidated
financial statements and to maintain accountability for the Partnership's consolidated assets, (C)&nbsp;access to its assets is permitted only in accordance with management's authorization and
(D)&nbsp;the reported accountability for its assets is compared with existing assets at reasonable intervals. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(tt)&nbsp;&nbsp;None
of the Partnership Entities (i)&nbsp;is in violation of its certificate of limited partnership or agreement of limited partnership, certificate of formation or
limited liability company agreement, certificate of incorporation or bylaws or other organizational or governing documents; (ii)&nbsp;is in breach or default in any material respect, and no event
has occurred which, with notice or lapse of time or both, would constitute such a breach or default, in the due performance or observance of any term, covenant or condition contained in any material
indenture, mortgage, deed of trust, loan agreement or other agreement or instrument to which it is a party or by which it is bound or to which any of its properties or assets is subject,
(iii)&nbsp;is in violation in any material respect of any law, ordinance, governmental rule, regulation or court decree to which it or its property or assets may be subject or (iv)&nbsp;has failed
to obtain any material license, permit, certificate, franchise or other governmental authorization or permit necessary to the ownership of its property or to the conduct of its business, except in the
case of </FONT><FONT SIZE=2><I>clauses (ii)</I></FONT><FONT SIZE=2>&nbsp;and </FONT><FONT SIZE=2><I>(iv)</I></FONT><FONT SIZE=2>&nbsp;as would not have a material adverse effect on the condition
(financial or other), business, assets, results of operations of the Partnership Group, taken as a whole. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(uu)&nbsp;No
Partnership Entity, nor any director, officer, agent, employee or other person associated with or acting on behalf of any Partnership Entity has used any corporate
funds for any unlawful contribution, gift, entertainment or other unlawful expense relating to political activity; made any direct or indirect unlawful payment to any foreign or domestic government
official or employee from corporate funds; violated or is in violation of any provision of the Foreign Corrupt Practices Act of 1977; or made any bribe, rebate, payoff, influence payment, kickback or
other unlawful payment. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vv)&nbsp;Except
as described in the Prospectus, none of the Partnership Entities has violated any environmental, safety, health or similar law or regulation applicable to its
business relating to the protection of human health and safety, the environment or hazardous or toxic substances or wastes, pollutants or contaminants ("</FONT><FONT SIZE=2><I>Environmental
Laws</I></FONT><FONT SIZE=2>"), or lacks any permits, licenses or other approvals required of them under applicable Environmental Laws to own, lease or operate their properties and conduct their
business as described in the Prospectus or is violating any terms and conditions of any such permit, license or approval, which in each case would have a material adverse effect on the condition
(financial or otherwise), business, assets or results of operations of the Partnership Group, taken as a whole. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ww)&nbsp;Neither
the General Partner nor any member of the Partnership Group is, or, as of each Delivery Date (as defined below) after giving effect to the application of the
net proceeds as described in the Prospectus, will be, an "</FONT><FONT SIZE=2><I>investment company</I></FONT><FONT SIZE=2>" as defined in the Investment Company Act of 1940, as amended. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xx)&nbsp;Each
certificate signed by or on behalf of any Partnership Entity and delivered to the Underwriters or counsel for the Underwriters pursuant to this Agreement shall be
deemed to be a </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>10</FONT></P>

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<P><FONT SIZE=2>representation
and warranty by such Partnership Entity to the Underwriters as to the matters covered thereby. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;2. </FONT> <FONT SIZE=2><I>Representations, Warranties and Agreements of the Selling Unitholder.</I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Selling Unitholder represents, warrants and agrees that: </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;The
Selling Unitholder has, and immediately prior to the applicable Delivery Date (as defined in </FONT><FONT SIZE=2><I>Section&nbsp;5</I></FONT><FONT SIZE=2> hereof)
will have, good and valid title to the Firm Units to be sold by the Selling Unitholder and the Option Units on such date, free and clear of all liens, encumbrances, equities or claims other than such
as exist under and as a result of the pledge of the Firm Units and Option Units to secure indebtedness outstanding, interest and other obligations under the Credit Agreement dated as of
June&nbsp;17, 2003 among the Selling Unitholder, the several banks and other financial institutions or entities from time to time parties to the Credit Agreement, Lehman Brothers&nbsp;Inc., as
exclusive advisor, sole lead arranger and sole bookrunner, Lehman Brothers Commercial Paper&nbsp;Inc., as syndication agent and Lehman Brothers Commercial Paper&nbsp;Inc., as administrative agent
(the "</FONT><FONT SIZE=2><I>Selling Unitholder Credit Agreement Permitted Liens</I></FONT><FONT SIZE=2>"); and upon delivery of such Firm Units and Option Units, if any, and payment therefor
pursuant hereto and thereto, good and valid title to such Firm Units and Option Units, if any, free and clear of all liens, encumbrances, equities or claims, will pass to the several Underwriters. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;(i)&nbsp;The
Selling Unitholder has been duly formed and is validly existing in good standing as a limited partnership under the Delaware LP Act, and has full
partnership power and authority to enter into this Agreement; (ii)&nbsp;the execution, delivery and performance of this Agreement by the Selling Unitholder and the consummation by the Selling
Unitholder of the transactions contemplated hereby (A)&nbsp;will not conflict with or result in a breach or violation of any of the terms or provisions of, or constitute a default under, any
indenture, mortgage, deed of trust, loan agreement or other agreement or instrument to which the Selling Unitholder is a party or by which the Selling Unitholder is bound or to which any of the
property or assets of the Selling Unitholder is subject, (B)&nbsp;will not result in any violation of the provisions of the certificate of limited partnership or the partnership agreement of the
Selling Unitholder, or (C)&nbsp;will not violate any statute or any order, rule or regulation of any court or governmental agency or body having jurisdiction over the Selling Unitholder or the
property or assets of the Selling Unitholder, in the case of </FONT><FONT SIZE=2><I>clauses (ii)(A)</I></FONT><FONT SIZE=2> and </FONT><FONT SIZE=2><I>(ii)(C)</I></FONT><FONT SIZE=2>, which such
conflicts, breaches, violations or defaults would have a material adverse effect on the condition (financial or other), business, prospectus, properties, securityholders' equity or results of
operations of the Selling Unitholder; and (iii)&nbsp;except for the registration of the Firm Units to be sold by the Selling Unitholder and the Option Units, if any, under the Securities Act and
such consents, approvals, authorizations, registrations, filings or qualifications as may be required under the Exchange Act and applicable state securities laws in connection with the purchase and
distribution of the Firm Units to be sold by the Selling Unitholder to the Underwriters, no consent, approval, authorization or order of, or filing or registration with, any such court or governmental
agency or body is required for the execution, delivery and performance of this Agreement by the Selling Unitholder and the consummation by the Selling Unitholder of the transactions contemplated
hereby and thereby. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;This
Agreement has been duly authorized, executed and delivered by the Selling Unitholder and is valid and binding agreement of the Selling Unitholder, enforceable in
accordance with its terms, </FONT><FONT SIZE=2><I>provided that</I></FONT><FONT SIZE=2>, the enforceability thereof may be limited by bankruptcy, insolvency, fraudulent transfer, reorganization,
moratorium and similar laws relating to or affecting creditors' rights generally and by general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity
or at law). </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;The
Registration Statement relating to the Firm Units and the Option Units to be sold by the Selling Unitholder and the Prospectus and any further amendments or
supplements to such Registration Statement or the Prospectus, when they become effective or are filed with the </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>11</FONT></P>

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<P><FONT SIZE=2>Commission,
as the case may be, do not and will not, as of the applicable Effective Date (as to such Registration Statement and any amendment thereto) and as of the applicable filing date (as to the
Prospectus and any amendment or supplement thereto) contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements
therein not misleading; </FONT><FONT SIZE=2><I>provided, however,</I></FONT><FONT SIZE=2> (i)&nbsp;that the representation and warranty in this </FONT> <FONT SIZE=2><I>Section&nbsp;2(d)</I></FONT><FONT SIZE=2> shall only apply as to written
information furnished to the Partnership or the Underwriters by the Selling Unitholder directly or
through the Selling Unitholder's representatives, specifically for inclusion therein and (ii)&nbsp;that no representation or warranty is made as to information contained in or omitted from such
Registration Statement or the Prospectus in reliance upon and in conformity with written information furnished to the Partnership through the Representatives by or on behalf of any Underwriter
specifically for inclusion therein. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;&nbsp;&nbsp;The
Selling Unitholder (i)&nbsp;is familiar with the Registration Statement relating to the Firm Units and the Option Units, if any, to be sold by the Selling
Unitholder and the Prospectus (as amended or supplemented), (ii)&nbsp;has no knowledge, and its general partner has no knowledge, of any material fact, condition or information not disclosed in such
Registration Statement, as of the Effective Date thereof, or the Prospectus (or any amendment or supplement thereto), as of the applicable filing date, which has adversely affected or may adversely
affect the business of any Partnership Entity, and (iii)&nbsp;is not prompted to sell Units by any information concerning any of the Partnership Entities which is not set forth in the Registration
Statement and the Prospectus. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;&nbsp;&nbsp;&nbsp;The
Selling Unitholder has not taken and will not take, directly or indirectly, any action which is designed to or which has constituted or which might reasonably be
expected to cause or result in the stabilization or manipulation of the price of any security of the Partnership to facilitate the sale or resale of the Units. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)&nbsp;&nbsp;&nbsp;Each
certificate signed by or on behalf of the Selling Unitholder and delivered to the Underwriters or counsel for the Underwriters pursuant to this Agreement shall be
deemed to be a representation and warranty by the Selling Unitholder to the Underwriters as to the matters covered thereby. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)&nbsp;&nbsp;&nbsp;Except
as disclosed in the Prospectus, there are no contracts, agreements or understandings between the Selling Unitholder and any person that would give rise to a valid
claim against such Selling Unitholder, any Partnership Entity or any Underwriter for a brokerage commission, finder's fee or other like payment in connection with this offering. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;3.
</FONT><FONT SIZE=2><I>Purchase of the Units by the Underwriters.</I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On
the basis of the representations and warranties contained in, and subject to the terms and conditions of, this Agreement, the Partnership agrees to sell 200,000 Common Units and the
Selling Unitholder agrees to sell 4,300,000 Common Units to the several Underwriters and each of the Underwriters, severally and not jointly, agrees to purchase the aggregate number of Firm Units from
the Partnership and the Selling Unitholder set forth opposite that Underwriter's name in </FONT><FONT SIZE=2><I>Schedule&nbsp;1</I></FONT><FONT SIZE=2> hereto. Each Underwriter shall be obligated
to purchase from each of the Partnership and the Selling Unitholder, that number of the Firm Units which represents the same proportion of the number of Common Units to be sold by each of the
Partnership and the Selling Unitholder as the number of Firm Units set forth opposite the name of such Underwriter in </FONT><FONT SIZE=2><I>Schedule&nbsp;1</I></FONT><FONT SIZE=2> represents of
the total aggregate number of Firm Units to be purchased by all of the Underwriters pursuant to this Agreement. The respective purchase obligations of the Underwriters with respect to the Firm Units
shall be rounded among the Underwriters to avoid fractional units, as the Representatives may determine. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
addition, the Selling Unitholder grants to the Underwriters an option to purchase up to an aggregate of 675,000 Option Units. Such option (the
"</FONT><FONT SIZE=2><I>Option</I></FONT><FONT SIZE=2>") is granted for the purpose of covering over-allotments in the sale of Firm Units and is exercisable as provided in </FONT> <FONT SIZE=2><I>Section&nbsp;5</I></FONT><FONT SIZE=2> hereof. The
Option </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>12</FONT></P>

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<P><FONT SIZE=2>Units
shall be purchased severally for the account of the Underwriters in proportion to the aggregate number of Firm Units set forth opposite the name of such Underwriters in </FONT> <FONT SIZE=2><I>Schedule&nbsp;1</I></FONT><FONT SIZE=2> hereto. The
respective purchase obligations of each Underwriter with respect to the Option shall be adjusted by the Representatives so
that no Underwriter shall be obligated to purchase Option Units other than in 100 unit amounts. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
price of both the Firm Units and any Option Units shall be $47.875 per Unit. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Partnership and the Selling Unitholder shall not be obligated to deliver any of the Units to be delivered on any Delivery Date (as hereinafter defined), as the case may be, except
upon payment for all the Units to be purchased on such Delivery Date as provided herein. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;4.
</FONT><FONT SIZE=2><I>Offering of Units by the Underwriters.</I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upon
authorization by the Representatives of the release of the Firm Units, the several Underwriters propose to offer the Firm Units for sale upon the terms and conditions set forth in
the Prospectus. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;5.
</FONT><FONT SIZE=2><I>Delivery of and Payment for the Units.</I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delivery
of and payment for the Firm Units shall be made at the offices of Andrews Kurth LLP beginning at 8:30&nbsp;a.m., Houston, Texas time, on the fourth full business day following
the date of this Agreement or at such other date or place as shall be determined by agreement between the Representatives and the Partnership. This date and time are sometimes referred to as the
"</FONT><FONT SIZE=2><I>First Delivery Date</I></FONT><FONT SIZE=2>." On the First Delivery Date, the Partnership and the Selling Unitholder shall deliver or cause to be delivered the Firm Units to
the Representatives for the account of each Underwriter in book entry form through the facilities of the Depository Trust Company against payment to or upon the order of the Partnership and the
Selling Unitholder of the purchase price by wire transfer in immediately available funds. Time shall be of the essence, and delivery at the time and place specified pursuant to this Agreement is a
further condition of the obligation of each Underwriter hereunder. Upon delivery, the Firm Stock shall be registered in such names and in such denominations as the Representatives shall request in
writing not less than two full business days prior to the First Delivery Date. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Option granted in </FONT><FONT SIZE=2><I>Section&nbsp;3</I></FONT><FONT SIZE=2> will expire thirty (30)&nbsp;days after the date of this Agreement and may be exercised in whole
or in part from time to time by written notice being given to the Selling Unitholder by the Representatives. Such notice shall set forth the aggregate number of Option Units as to which the Option is
being exercised, the names in which the Option Units are to be registered, the denominations in which the Option Units are to be issued and the date and time, as determined by the Representatives,
when the Option Units are to be delivered; </FONT><FONT SIZE=2><I>provided</I></FONT><FONT SIZE=2>, </FONT><FONT SIZE=2><I>however</I></FONT><FONT SIZE=2>, that this date and time shall not be
earlier than the First Delivery Date nor earlier than the second business day after the date on which the Option shall have been exercised nor later than the fifth business day after the date on which
the Option shall have been exercised. The date and time the Option Units are delivered are sometimes referred to as a "</FONT><FONT SIZE=2><I>Second Delivery Date</I></FONT><FONT SIZE=2>" and the
First Delivery Date and any Second Delivery Date are sometimes each referred to as a "</FONT><FONT SIZE=2><I>Delivery Date</I></FONT><FONT SIZE=2>". </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delivery
of and payment for the Option Units shall be made at the place specified in the first sentence of the first paragraph of this </FONT> <FONT SIZE=2><I>Section&nbsp;5</I></FONT><FONT SIZE=2> (or at such other place as shall be determined by agreement
between the Representatives and the Selling Unitholder) beginning at
8:30&nbsp;a.m., Houston, Texas time, on such Second Delivery Date. On such Second Delivery Date, the Partnership shall deliver or cause to be delivered the Option Units to the Representatives for
the account of each Underwriter in book entry form through the facilities of the Depository Trust Company against payment to or upon the order of the Selling Unitholder of the purchase price by wire
transfer in immediately available funds. Time shall be of the essence, and delivery at the time and place specified pursuant to this Agreement is a further condition of the obligation of each
Underwriter hereunder. Upon delivery, the </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>13</FONT></P>

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<P><FONT SIZE=2>Option
Units shall be registered in such names and in such denominations as the Representatives shall request. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;6.
</FONT><FONT SIZE=2><I>Further Agreements of the Partnership Entities.</I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Magellan Parties, jointly and separately, covenant and agree with each Underwriter: </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;(i)&nbsp;To
prepare the Prospectus in a form approved by the Representatives and to file such Prospectus pursuant to Rule&nbsp;424(b) under the Securities Act not
later than Commission's close of business on the second business day following the execution and delivery of this Agreement or, if applicable, such earlier time as may be required by
Rule&nbsp;430A(a)(3) under the Securities Act; (ii)&nbsp;to make no further amendment or any supplement to the Registration Statement or to the Prospectus prior to the last Delivery Date except as
permitted herein; (iii)&nbsp;to advise the Representatives, promptly after it receives notice thereof, of the time when any amendment to the Registration Statement has been filed or becomes
effective or any supplement to the Prospectus or any amended Prospectus has been filed and to furnish the Representatives with copies thereof; (iv)&nbsp;to file promptly all reports and other
documents required to be filed by the Partnership with the Commission pursuant to Section&nbsp;13(a), 13(c), 14 or 15(d) of the Exchange Act subsequent to the date of the Prospectus and for so long
as the delivery of a prospectus is required in connection with the offering and sale of the Firm Units; (v)&nbsp;to advise the Representatives, promptly after it receives notice thereof, of the
issuance by the Commission of any stop order or of any order preventing or suspending the use of any Preliminary Prospectus or the Prospectus, of the suspension of the qualification of the Units for
offering or sale in any jurisdiction, of the initiation or threatening of any proceeding for any such purpose, or of any request by the Commission for the amending or supplementing of the Registration
Statement or the Prospectus or for additional information; and (vi)&nbsp;in the event of the issuance of any stop order or of any order preventing or suspending the use of any Preliminary Prospectus
or the Prospectus or suspending any such qualification, to use promptly its best efforts to obtain its withdrawal; </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;To
furnish promptly to each of the Representatives and to counsel for the Underwriters a signed copy of the Registration Statement as originally filed with the
Commission, and each amendment thereto filed with the Commission, including all consents and exhibits filed therewith; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;To
deliver promptly to the Representatives such number of the following documents as the Representatives shall reasonably request: (i)&nbsp;conformed copies of the
Registration Statement as originally filed with the Commission and each amendment thereto (in each case excluding exhibits) and (ii)&nbsp;each Preliminary Prospectus, the Prospectus and any amended
or supplemented Prospectus; and, if the delivery of a prospectus is required at any time after the Effective Time in connection with the offering or sale of the Units or any other securities relating
thereto and if at such time any events shall have occurred as a result of which the Prospectus as then amended or supplemented would include an untrue statement of a material fact or omit to state any
material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made when such Prospectus is delivered, not misleading, or, if for any other
reason it shall be necessary to amend or supplement the Prospectus in order to comply with the Securities Act, to notify the Representatives and, upon their request, to prepare and furnish without
charge to each Underwriter and to any dealer in securities as many copies as the Representatives may from time to time reasonably request of an amended or supplemented Prospectus which will correct
such statement or omission or effect such compliance; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;To
file promptly with the Commission any amendment to the Registration Statement or the Prospectus or any supplement to the Prospectus that may, in the reasonable
judgment of the Partnership or the Representatives, be required by the Securities Act or requested by the Commission; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;&nbsp;&nbsp;Prior
to filing with the Commission any amendment to the Registration Statement or supplement to the Prospectus, any document incorporated by reference in the Prospectus
or any prospectus pursuant to Rule&nbsp;424 of the Rules and Regulations, to furnish a copy thereof to the Representatives and counsel for the Representatives and obtain the consent of the
Underwriters to the filing; </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>14</FONT></P>

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<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;&nbsp;&nbsp;&nbsp;As
soon as practicable after the Effective Date, to make generally available to the Partnership's securityholders and to deliver to the Representatives an earnings
statement of the Partnership and its subsidiaries (which need not be audited) complying with Section&nbsp;11(a) of the Securities Act and the Rules and Regulations (including, at the option of the
Partnership, Rule&nbsp;158); </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)&nbsp;&nbsp;&nbsp;For
a period of two years following the Effective Date, to furnish to the Representatives copies of all materials furnished by the Partnership to its securityholders and
all public reports and all reports and financial statements furnished by the Partnership to the principal national securities exchange or automated quotation system upon which the Units may be listed
pursuant to requirements of or agreements with such exchange or system or to the Commission pursuant to the Exchange Act or any rule or regulation of the Commission thereunder; </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)&nbsp;&nbsp;&nbsp;Promptly
from time to time to take such action as the Representatives may reasonably request to qualify the Units for offering and sale under the securities laws of such
jurisdictions as the Representatives may request and to comply with such laws so as to permit the continuance of sales and dealings therein in such jurisdictions for as long as may be necessary to
complete the distribution of the Units; provided that in connection therewith the Partnership shall not be required to qualify as a foreign limited partnership or to file&nbsp;a general consent to
service of process in any jurisdiction; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp;For
a period of ninety (90)&nbsp;days from the date of the Prospectus, not to, directly or indirectly, (1)&nbsp;offer for sale, sell, pledge or otherwise dispose of
(or enter into any transaction or device which is designed to, or could be expected to, result in the disposition by any person at any time in the future of) any Common Units or securities convertible
into or exchangeable for Common Units (other than Units issued pursuant to employee benefit plans, qualified option plans or other employee compensation plans existing on the date hereof or pursuant
to currently outstanding options, warrants or rights), or sell or grant options, rights or warrants with respect to any Common Units or securities convertible into or exchangeable for Common Units
(other than the grant of options pursuant to option plans existing on the date hereof), or (2)&nbsp;enter into any swap or other derivatives transaction that transfers to another, in whole or in
part, any of the economic benefits or risks of ownership of such Common Units, whether any such transaction described in clause&nbsp;(1) or (2)&nbsp;above is to be settled by delivery of Common
Units or other securities, in cash or otherwise, in each case without the prior written consent of the Representatives on behalf of the Underwriters; and to cause each person or entity listed on </FONT> <FONT SIZE=2><I>Annex&nbsp;1</I></FONT><FONT
SIZE=2> to furnish to the Representatives, prior to the First Delivery Date, a letter or letters, substantially in the form of </FONT> <FONT SIZE=2><I>Exhibit&nbsp;A</I></FONT><FONT SIZE=2> hereto, pursuant to which each such person shall agree not
to, directly or indirectly, (1)&nbsp;offer for sale, sell, pledge or
otherwise dispose of (or enter into any transaction or device which is designed to, or could be expected to, result in the disposition by any person at any time in the future of) any Common Units or
securities convertible into or exchangeable for Common Units or (2)&nbsp;enter into any swap or other derivatives transaction that transfers to another, in whole or in part, any of the economic
benefits or risks of ownership of such Common Units, whether any such transaction described in clause&nbsp;(1) or (2)&nbsp;above is to be settled by delivery of Common Units or other securities,
in cash or otherwise, in each case for a period of ninety (90)&nbsp;days from the date of the Prospectus, without the prior written consent of the Representatives on behalf of the Underwriters; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)&nbsp;&nbsp;&nbsp;&nbsp;To
apply for the supplemental listing of the Units on the New York Stock Exchange, and to use its best efforts to complete that listing, subject only to official notice
of issuance, prior to the First Delivery Date; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k)&nbsp;&nbsp;&nbsp;To
apply the net proceeds from the offering of the Units as set forth in the Prospectus; </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l)&nbsp;&nbsp;&nbsp;&nbsp;To
take such steps as shall be necessary to ensure that neither the General Partner nor any member of the Partnership Group shall become an "investment company" as
defined in the Investment Company Act of 1940, as amended; and </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>15</FONT></P>

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<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m)&nbsp;&nbsp;To
not directly or indirectly take any action designed to or which constitutes or which might reasonably be expected to cause or result in, under the Exchange Act or
otherwise, stabilization or manipulation of the price of any security of the Partnership to facilitate the sale or resale of the Units. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;7.
</FONT><FONT SIZE=2><I>Further Agreements of the Selling Unitholder.</I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Selling Unitholder agrees: </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;For
a period of ninety (90)&nbsp;days from the date of the Prospectus, not to, directly or indirectly, (1)&nbsp;offer for sale, sell, pledge or otherwise dispose of
(or enter into any transaction or device which is designed to, or could be expected to, result in the disposition by any person at any time in the future of) any Common Units or securities convertible
into or exchangeable for Common Units (other than the Units), or (2)&nbsp;enter into any swap or other derivatives transaction that transfers to another, in whole or in part, any of the economic
benefits or risks of ownership of such Common Units, whether any such transaction described in clause&nbsp;(1) or (2)&nbsp;above is to be settled by delivery of Common Units or other securities,
in cash or otherwise, in each case without the prior written consent of the Representatives on behalf of the Underwriters. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;That
the Firm Units and the Option Units, if any, are to be sold by the Selling Unitholder subject to the interest of the Underwriters and that the Selling Unitholder
shall not, directly or indirectly, take any action that may terminate its obligations hereunder. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;To
deliver to the Representatives prior to the applicable Delivery Date, a properly completed and executed United States Treasury Department Form&nbsp;W-9. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;8.
</FONT><FONT SIZE=2><I>Expenses.</I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Magellan Parties agree to pay (a)&nbsp;the costs incident to the authorization, issuance, sale and delivery of the Units and any taxes payable in that connection; (b)&nbsp;the
costs incident to the preparation, printing and filing under the Securities Act of the Registration Statement and any amendments and exhibits thereto; (c)&nbsp;the costs of distributing the
Registration Statement as originally filed and each amendment thereto and any post-effective amendments thereof (including, in each case, exhibits), any Preliminary Prospectus, the
Prospectus and any amendment or supplement to the Prospectus or any document incorporated by reference therein, all as provided in this Agreement; (d)&nbsp;the costs of producing and distributing
this Agreement, any supplemental agreement among Underwriters and any other related documents in connection with the offering, purchase, sale and delivery of the Units; (e)&nbsp;the filing fees
incident to securing any required review by the National Association of Securities Dealers,&nbsp;Inc. of the terms of sale of the Units; (f)&nbsp;any applicable listing or other fees;
(g)&nbsp;the fees and expenses of qualifying the Units under the securities laws of the several jurisdictions as provided in </FONT><FONT SIZE=2><I>Section&nbsp;6(h)</I></FONT><FONT SIZE=2> and
of preparing, printing and distributing a Blue Sky Memorandum (including related fees and expenses of counsel to the Underwriters); (h)&nbsp;the cost of printing certificates representing the Units
and the costs and charges of any transfer agent or registrar; (i)&nbsp;the costs and expenses of the Partnership relating to investor presentations on any "road show" undertaken in connection with
the marketing of the offering of the Units, including, without limitation, expenses associated with the production of road show slides and graphics, travel and lodging expenses of the representatives
and officers of the Partnership and the cost of any aircraft chartered in connection with the road show and (j)&nbsp;all other costs and expenses incident to the performance of the obligations of
the Partnership and the Selling Unitholder under this Agreement; </FONT><FONT SIZE=2><I>provided that</I></FONT><FONT SIZE=2>, except as provided in this </FONT> <FONT SIZE=2><I>Section&nbsp;8</I></FONT><FONT SIZE=2> and in </FONT> <FONT
SIZE=2><I>Sections 10</I></FONT><FONT SIZE=2> and </FONT><FONT SIZE=2><I>13</I></FONT><FONT SIZE=2>, the Underwriters shall pay their own costs and expenses, including the costs and
expenses of their counsel, any transfer taxes on the Units which they may sell and the expenses of advertising any offering of the Units made by the Underwriters, and the Selling Unitholder shall pay
the fees and expenses of its counsel</FONT><FONT SIZE=2><B>,</B></FONT><FONT SIZE=2> and any transfer taxes payable in connection with its sale of Firm Units and the Option Units, if any, to the
Underwriters; and </FONT><FONT SIZE=2><I>provided further</I></FONT><FONT SIZE=2>, that the provisions of this </FONT><FONT SIZE=2><I>Section&nbsp;8</I></FONT><FONT SIZE=2> shall not affect any
agreement that the Partnership and the Selling Unitholder may have entered into, or may hereafter enter into, with respect to the sharing or reimbursement of any of the foregoing costs and expenses. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>16</FONT></P>

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<P><FONT SIZE=2>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;9. </FONT><FONT SIZE=2><I>Conditions of Underwriters' Obligations.</I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
respective obligations of the Underwriters hereunder are subject to the accuracy, when made and on each Delivery Date, of the representations and warranties of the Magellan Parties
and the Selling Unitholder contained herein, to the performance by the Magellan Parties and the Selling Unitholder of their respective obligations hereunder, and to each of the following additional
terms and conditions: </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;The
Prospectus shall have been timely filed with the Commission in accordance with </FONT><FONT SIZE=2><I>Section&nbsp;6(a)</I></FONT><FONT SIZE=2>; no stop order
suspending the effectiveness of the Registration Statement or any part thereof shall have been issued and no proceeding for that purpose shall have been initiated or threatened by the Commission; and
any request of the Commission for inclusion of additional information in the Registration Statement or the Prospectus or otherwise shall have been disclosed to the Representatives and complied with to
their satisfaction. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;All
corporate, partnership and limited liability company proceedings and other legal matters incident to the authorization, form and validity of this Agreement, the
Units, the Registration Statement and the Prospectus, and all other legal matters relating to this Agreement and the transactions contemplated hereby shall be reasonably satisfactory in all material
respects to counsel for the Underwriters, and the Partnership and the Selling Unitholder shall have furnished to such counsel all documents and information that they may reasonably request to enable
them to pass upon such matters. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;Vinson&nbsp;&amp;
Elkins L.L.P. shall have furnished to the Representatives their written opinion, as counsel to the Partnership, addressed to the Underwriters and dated
such Delivery Date, in form and substance reasonably satisfactory to the Representatives with respect to the matters set forth in </FONT><FONT SIZE=2><I>Exhibit&nbsp;B</I></FONT><FONT SIZE=2> to
this Agreement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;The
Representatives shall have received from Lonny Townsend, General Counsel of the General Partner, his written opinion, addressed to the Underwriters and dated such
Delivery Date, in form and substance satisfactory to the Representatives, with respect to the matters set forth in </FONT><FONT SIZE=2><I>Exhibit&nbsp;C</I></FONT><FONT SIZE=2> to this Agreement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><I>Intentionally left blank.</I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;&nbsp;&nbsp;&nbsp;Vinson&nbsp;&amp;
Elkins L.L.P., counsel for the Selling Unitholder, shall have furnished to the Representatives its written opinion, as counsel to the Selling Unitholder,
addressed to the Underwriters and dated each Delivery Date, as applicable, in form and substance reasonably satisfactory to the Representatives, to the effect that: </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;(1)
The Selling Unitholder has been duly formed and is validly existing in good standing as a limited partnership under the Delaware LP Act, and has full partnership
power and authority to enter into this Agreement; (2)&nbsp;the execution, delivery and performance of this Agreement, by the Selling Unitholder and the consummation by the Selling Unitholder of the
transactions contemplated hereby (a)&nbsp;will not conflict with or result in a breach or violation of any of the terms or provisions of, or constitute a default under, any indenture, mortgage, deed
of trust, loan agreement or other agreement or instrument known to such counsel to which the Selling Unitholder is a party or by which the Selling Unitholder is bound or to which any of the property
or assets of the Selling Unitholder is subject, (b)&nbsp;will not result in any violation of the provisions of the certificate of partnership or partnership agreement of the Selling Unitholder, or
(c)&nbsp;will not violate any statute or any order, rule or regulation known to such counsel of any court or governmental agency or body having jurisdiction over the Selling Unitholder or the
property or assets of the Selling Unitholder, in the case of </FONT><FONT SIZE=2><I>clauses (2)(a)</I></FONT><FONT SIZE=2> and </FONT><FONT SIZE=2><I>2(c)</I></FONT><FONT SIZE=2>, which such
conflicts, breaches, violations or defaults would have a material adverse effect on the condition (financial or other), business, prospects, properties, securityholders' equity or results of
operations of the Selling </FONT></P>

</UL>
<P ALIGN="CENTER"><FONT SIZE=2>17</FONT></P>

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<P><FONT SIZE=2>Unitholder;
and (3)&nbsp;except for the registration of the Firm Units and the Option Units, if any, to be sold by the Selling Unitholder under the Securities Act and such consents, approvals,
authorizations, registrations or qualifications as may be required under the Exchange Act and applicable state securities laws in connection with the purchase and distribution of the Firm Units and
the Option Units, if any, to be sold by the Selling Unitholder to the Underwriters, no consent, approval, authorization or order of, or filing or registration with, any such court or governmental
agency or body is required for the execution, delivery and performance of this Agreement by the Selling Unitholder and the consummation by the Selling Unitholder of the transactions contemplated
hereby; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;&nbsp;This
Agreement has been duly authorized, executed and delivered by or on behalf of the Selling Unitholder; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;&nbsp;The
Selling Unitholder is the record owner of the Firm Units and Option Units to be sold by the Selling Unitholder pursuant to this Agreement; and </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)&nbsp;&nbsp;Assuming
each Underwriter acquires its interest in the Firm Units and Option Units, if any, to be sold by the Selling Unitholder to such Underwriter without notice of
any adverse claim (within the meaning of the Uniform Commercial Code as in effect in the State of New York (the "</FONT><FONT SIZE=2><I>UCC</I></FONT><FONT SIZE=2>")) and such Underwriter has paid
the purchase price for such Firm Units and Option Units, if any, and has had such Firm Units and Option Units, if any, credited to the securities account of such Underwriter
maintained with The Depository Trust Company, then such Underwriter will have a securities entitlement (as defined in Section&nbsp;8-102(a)(17) of the UCC) to such Firm Units and Option
Units, if any, purchased by such Underwriter and no action based on an adverse claim to such Firm Units and Option Units, if any, credited to such securities account, whether framed in conversion,
replevin, constructive trust, equitable lien or other theory, may be asserted against such Underwriter. </FONT></P>

<UL>

<P><FONT SIZE=2>In
rendering such opinion, such counsel may (i)&nbsp;state that its opinion is limited to matters governed by the Federal laws of the United States of America, the laws of Texas and the Delaware LP
Act and that such counsel is not admitted in the State of Delaware and (ii)&nbsp;in rendering the opinion in </FONT><FONT SIZE=2><I>Section&nbsp;9(f)(iii)</I></FONT><FONT SIZE=2>&nbsp;above,
rely upon a certificate of the Selling Unitholder in respect of matters of fact as to ownership of the Firm Units and Option Units, if any, sold by the Selling Unitholder, </FONT> <FONT SIZE=2><I>provided that</I></FONT><FONT SIZE=2>, such counsel
shall furnish copies thereof to the Representatives and state that it believes that both the Underwriters and it are
justified in relying upon such certificate. Such counsel shall also have furnished to the Representatives a written statement, addressed to the Underwriters and dated the applicable Delivery Date, in
form and substance satisfactory to the Representatives, to the effect that (x)&nbsp;such counsel has acted as counsel to the Selling Unitholder on a regular basis and has acted as counsel to the
Selling Unitholder in connection with the preparation of the Registration Statement which registered the Firm Units and Option Units, if any, to be sold by the Selling Unitholder, and (y)&nbsp;based
on the foregoing, no facts have come to the attention of such counsel which lead it to believe that the Registration Statement relating to the Firm Units and Option Units, if any, as of its Effective
Date, contained any untrue statement of a material fact relating to the Selling Unitholder or omitted to state such a material fact required to be stated therein or necessary in order to make the
statements therein not misleading, or that the Prospectus contains any untrue statement of a material fact relating to the Selling Unitholder or omits to state such a material fact required to be
stated therein or necessary in order to make the statements therein, in light of the circumstances under which they were made, not misleading. The foregoing opinion and statement may be qualified by a
statement to the effect that such counsel does not assume any responsibility for the accuracy, completeness or fairness of the statements contained in the Registration Statement or the Prospectus. </FONT></P>

</UL>
</UL>
<P ALIGN="CENTER"><FONT SIZE=2>18</FONT></P>

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<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)&nbsp;&nbsp;&nbsp;The
Representatives shall have received from Andrews Kurth LLP, counsel for the Underwriters, such opinion or opinions, dated such Delivery Date, with respect to the
issuance and sale of the Units, the Registration Statement, the Prospectus and other related matters as the Representatives may reasonably require, and the Partnership shall have furnished to such
counsel such documents as they reasonably request for the purpose of enabling them to pass upon such matters. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)&nbsp;&nbsp;&nbsp;At
the time of execution of this Agreement, the Representatives shall have received from Ernst&nbsp;&amp; Young LLP a letter or letters, in form and substance satisfactory
to the Representatives, addressed to the Underwriters and dated the date hereof (i)&nbsp;confirming that they are independent public accountants within the meaning of the Securities Act and are in
compliance with the applicable requirements relating to the qualification of accountants under Rule&nbsp;2-01 of Regulation&nbsp;S-X of the Commission and
(ii)&nbsp;stating, as of the date hereof (or, with respect to matters involving changes or developments since the respective dates as of which specified financial information is given in the
Prospectus, as of a date not more than three days prior to the date hereof), the conclusions and findings of such firm with respect to the financial information and other matters ordinarily covered by
accountants' "</FONT><FONT SIZE=2><I>comfort letters</I></FONT><FONT SIZE=2>" to underwriters in connection with registered public offerings. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp;With
respect to the letter or letters of Ernst&nbsp;&amp; Young LLP referred to in the preceding paragraph and delivered to the Representatives concurrently with the
execution of this Agreement (the "</FONT><FONT SIZE=2><I>initial letter</I></FONT><FONT SIZE=2>"), the Partnership shall have furnished to the Representatives a letter (the
"</FONT><FONT SIZE=2><I>bring-down letter</I></FONT><FONT SIZE=2>") of such accountants, addressed to the Underwriters and dated such Delivery Date (i)&nbsp;confirming that they are
independent public accountants within the meaning of the Securities Act and are in compliance with the applicable requirements relating to the qualification of accountants under
Rule&nbsp;2-01 of Regulation&nbsp;S-X of the Commission, (ii)&nbsp;stating, as of the date of the bring-down letter (or, with respect to matters involving
changes or developments since the respective dates as of which specified financial information is given in the Prospectus, as of a date not more than five days prior to the date of the
bring-down letter), the conclusions and findings of such firm with respect to the financial information and other matters covered by the initial letters and (iii)&nbsp;confirming in all
material respects the conclusions and findings set forth in the initial letters. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)&nbsp;&nbsp;&nbsp;&nbsp;On
each Delivery Date, the General Partner shall have furnished to the Representatives a certificate, dated such Delivery Date, of its Chairman of the Board, its
President or a Vice President and its Chief Financial Officer stating that: </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;the
representations, warranties and agreements of the Magellan Parties contained in this Agreement are true and correct at and as of such Delivery Date; the Magellan
Parties have complied with all their agreements and satisfied all the conditions contained herein; and the conditions set forth in </FONT><FONT SIZE=2><I>Sections&nbsp;9(a)</I></FONT><FONT SIZE=2>, </FONT> <FONT SIZE=2><I>9(l)</I></FONT><FONT SIZE=2>
and </FONT><FONT SIZE=2><I>9(m)</I></FONT><FONT SIZE=2> have been fulfilled; and </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;&nbsp;they
have carefully examined the Registration Statement and the Prospectus and (A)&nbsp;the Registration Statement and Prospectus do not include any untrue statement
of a material fact and do not omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the case of the Prospectus, in light of the
circumstances under which the statements were made, and (B)&nbsp;since the Effective Date no event has occurred which is required to be set forth in a supplement or amendment to the Registration
Statement or the Prospectus. </FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k)&nbsp;&nbsp;&nbsp;The
Selling Unitholder shall have furnished to the Representatives on the applicable Delivery Date a certificate, dated the applicable Delivery Date, signed by, or on
behalf of, the Selling Unitholder stating that the representations, warranties and agreements of the Selling Unitholder contained herein are true and correct as of the applicable Delivery Date and
that the Selling Unitholder has complied with all agreements contained herein to be performed by the Selling Unitholder at or prior to the applicable Delivery Date. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>19</FONT></P>

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<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l)&nbsp;&nbsp;&nbsp;&nbsp;None
of the Partnership Entities shall have sustained since the date of the latest audited financial statements included or incorporated by reference in the Prospectus
(A)&nbsp;any material loss or interference with its business from fire, explosion, flood or other calamity, whether or not covered by insurance, or from any labor dispute or court or governmental
action, order or decree, otherwise than as set forth or contemplated in the Prospectus or shall have become a party to or the subject of any litigation, court or governmental action, investigation,
order or decree which is materially adverse to the Partnership Entities or (B)&nbsp;since such date there shall not have been any material adverse change in the partners' or members' capital,
capital stock or short-term or long-term debt of the Partnership Entities or any change, or any development involving a prospective material adverse change, in or affecting the
general affairs, operations, business, prospects, capitalization, management, financial position, securityholders' equity or results of operations of the Partnership Entities, taken as a whole,
otherwise than as set forth or contemplated in the Prospectus, the effect of which, in any such case described in clause&nbsp;(A) or (B), makes it in the judgment of the Representatives,
impracticable or inadvisable to proceed with the public offering or the delivery of the Units being delivered on such Delivery Date on the terms and in the manner contemplated in the Prospectus. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m)&nbsp;&nbsp;Subsequent
to the execution and delivery of this Agreement, if any debt securities of any of the Partnership Entities are rated by any "nationally recognized statistical
rating organization," as that term is defined by the Commission for purposes of Rule&nbsp;436(g)(2) of the Rules and Regulations, (i)&nbsp;no downgrading shall have occurred in the rating accorded
such debt securities and (ii)&nbsp;no such organization shall have publicly announced that it has under surveillance or review, with possible negative implications, its rating of any securities of
any of the Partnership Entities. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n)&nbsp;&nbsp;&nbsp;Subsequent
to the execution and delivery of this Agreement there shall not have occurred any of the following: (i)&nbsp;trading in securities generally on the New York
Stock Exchange or the American Stock Exchange or in the over-the-counter market, or trading in any securities of any of the Partnership Entities on any exchange or in the
over-the-counter market, shall have been suspended or the settlement of such trading generally shall have been materially disrupted or minimum prices shall have been
established on any such exchange or such market by the Commission, by such exchange or by any other regulatory body or governmental authority having jurisdiction, (ii)&nbsp;a banking moratorium
shall have been declared by Federal or state authorities, (iii)&nbsp;the United States shall have become engaged in hostilities, there shall have been an escalation in hostilities involving the
United States or there shall have been a declaration of a national emergency or war by the United States or (iv)&nbsp;there shall have occurred such a material adverse change in general economic,
political or financial conditions, including without limitation, as a result of terrorist activities after the date hereof, or the effect of international conditions on the financial markets in the
United States shall be such, as to make it, in the judgment of the Representatives, impracticable or inadvisable to proceed with the public offering or delivery of the Units being delivered on such
Delivery Date on the terms and in the manner contemplated in the Prospectus. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o)&nbsp;&nbsp;&nbsp;The
New York Stock Exchange,&nbsp;Inc. shall have approved the Units for supplemental listing, subject only to official notice of issuance. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(p)&nbsp;&nbsp;&nbsp;On
or prior to the First Delivery Date, pursuant to </FONT><FONT SIZE=2><I>Section&nbsp;6(i)</I></FONT><FONT SIZE=2>&nbsp;hereof, the General Partner shall have
furnished to you a letter substantially in the form of </FONT><FONT SIZE=2><I>Exhibit&nbsp;A</I></FONT><FONT SIZE=2> hereto from each of its securityholders, executive officers and directors. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(q)&nbsp;&nbsp;&nbsp;The
Partnership Entities shall have furnished the Representatives such additional documents and certificates as the Representatives or counsel for the Underwriters may
reasonably request. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All
opinions, letters, documents, evidence and certificates mentioned above or elsewhere in this Agreement shall be in compliance with the provisions hereof only if they are in form and
substance reasonably satisfactory to counsel for the Underwriters. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>20</FONT></P>

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<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;10. </FONT> <FONT SIZE=2><I>Indemnification and Contribution.</I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;The
Magellan Parties, jointly and severally, shall indemnify and hold harmless each Underwriter, its officers and employees, and any person who controls any Underwriter
within the meaning of the Securities Act, from and against any loss, claim, damage or liability, joint or several, or any action in respect thereof (including, but not limited to, any loss, claim,
damage, liability or action relating to purchases and sales of Units), to which that Underwriter, officer, employee or controlling person may become subject, under the Securities Act or otherwise,
insofar as such loss, claim, damage, liability or action arises out of, or is based upon, (i)&nbsp;any untrue statement or alleged untrue statement of a material fact contained (A)&nbsp;in any
Preliminary Prospectus, the Registration Statement or the Prospectus or in any amendment or supplement thereto, or (B)&nbsp;in any written or electronically produced materials or information
provided electronically to investors by, or with the approval of, the Partnership in connection with the marketing of the offering of the Units ("</FONT><FONT SIZE=2><I>Marketing
Materials</I></FONT><FONT SIZE=2>"), including any roadshow or investor presentations provided electronically to investors by the Partnership, (ii)&nbsp;the omission or alleged omission to state in
the Registration Statement, or in any amendment or supplement thereto, any material fact required to be stated therein or necessary to make the statements therein not misleading, (iii)&nbsp;the
omission or alleged omission to state in any Preliminary Prospectus, the Prospectus or in any amendment or supplement thereto any material fact necessary to make the statements therein, in light of
the circumstances under which they were made, not misleading, or (iv)&nbsp;any act or failure to act or any alleged act or failure to act by any Underwriter in connection with, or relating in any
manner to, the Units or the offering contemplated hereby, and which is included as part of or referred to in any loss, claim, damage, liability or action arising out of or based upon matters covered
by </FONT><FONT SIZE=2><I>clause&nbsp;(i)</I></FONT><FONT SIZE=2>, </FONT><FONT SIZE=2><I>(ii)</I></FONT><FONT SIZE=2>&nbsp;or </FONT><FONT SIZE=2><I>(iii)</I></FONT><FONT SIZE=2>&nbsp;above
(provided that the Magellan Parties shall not be liable under this </FONT><FONT SIZE=2><I>clause&nbsp;(iv)</I></FONT><FONT SIZE=2> to the extent that it is determined in a final judgment by a court
of competent jurisdiction that such loss, claim, damage, liability or action resulted directly from any such acts or failures to act undertaken or omitted to be taken by such Underwriter through its
gross negligence or willful misconduct), and shall reimburse each Underwriter and each such officer, employee or controlling person promptly upon demand for any legal or other expenses reasonably
incurred by that Underwriter, officer, employee or controlling person in connection with investigating or defending or preparing to defend against any such loss, claim, damage, liability or action as
such expenses are incurred; </FONT><FONT SIZE=2><I>provided, however</I></FONT><FONT SIZE=2>, that the Magellan Parties shall not be liable in any such case to the extent that any such loss, claim,
damage, liability or action arises out of, or is based upon, any untrue statement or alleged untrue statement or omission or alleged omission made in any Preliminary Prospectus, the Registration
Statement or the Prospectus, or in any such amendment or supplement, in reliance upon and in conformity with written information concerning such Underwriter furnished to the Partnership through the
Representatives by or on behalf of any Underwriter specifically for inclusion therein which information consists solely of the information specified in </FONT> <FONT SIZE=2><I>Section&nbsp;10(e)</I></FONT><FONT SIZE=2>; and </FONT><FONT
SIZE=2><I>provided, further</I></FONT><FONT SIZE=2>; that this </FONT> <FONT SIZE=2><I>paragraph&nbsp;(a)</I></FONT><FONT SIZE=2> with respect to any Preliminary Prospectus shall not inure to the benefit of any Underwriter on account of any loss,
claim, damage,
liability or action arising from the sale of Units to any person by such Underwriter if such Underwriter failed to send or give a copy of the Prospectus, as the same may be amended or supplemented, to
such person within the time required by the Securities Act and the Rules and Regulations, and the untrue or alleged untrue statement of a material fact or omission or alleged omission of a material
fact in the Preliminary Prospectus was corrected in the Prospectus, unless such failure resulted from non-compliance by the Partnership with </FONT> <FONT SIZE=2><I>Section&nbsp;6(c)</I></FONT><FONT SIZE=2> hereof. The foregoing indemnity agreement
is in addition to any liability which the Magellan Parties may otherwise have to any
Underwriter or to any officer, employee or controlling person of that Underwriter. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;The
Selling Unitholder shall indemnify and hold harmless each Underwriter, its officers and employees, and any person who controls any Underwriter within the meaning of
the Securities Act, from and against any loss, claim, damage or liability, joint or several, or any action in respect thereof (including, but not limited to, any loss, claim, damage, liability or
action relating to purchases and sales </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>21</FONT></P>

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<P><FONT SIZE=2>of
the Units), to which that Underwriter, officer, employee or controlling person may become subject, under the Securities Act or otherwise, insofar as such loss, claim, damage, liability or action
arises out of, or is based upon, (i)&nbsp;any untrue statement or alleged untrue statement of a material fact contained in any Preliminary Prospectus, the Registration Statement or the Prospectus or
in any amendment or supplement thereto or (ii)&nbsp;the omission or alleged omission to state in any Preliminary Prospectus, Registration Statement or the Prospectus, or in any amendment or
supplement thereto, any material fact required to be stated therein or necessary to make the statements therein not misleading (in the case of the Prospectus, in light of the circumstances under which
they were made), in the case of subparagraphs (i)&nbsp;and (ii)&nbsp;of this </FONT><FONT SIZE=2><I>Section&nbsp;10(b)</I></FONT><FONT SIZE=2> to the extent that such untrue statement or
alleged untrue statement or omission or alleged omission was made in reliance upon written information furnished to the Partnership or such Underwriter by the Selling Unitholder directly or through
the Selling Unitholder's representatives, specifically for inclusion therein; and shall reimburse each Underwriter, its officers and employees and each such controlling person for any legal or other
expenses reasonably incurred by that Underwriter, its officers and employees or controlling person in connection with investigating or defending or preparing to defend against any such loss, claim,
damage, liability or action as such expenses are incurred; </FONT><FONT SIZE=2><I>provided, however</I></FONT><FONT SIZE=2>, that the Selling Unitholder shall not be liable in any such case to the
extent that any such loss, claim, damage, liability or action arises out of, or is based upon, any untrue statement or alleged untrue statement or omission or alleged omission made in any Preliminary
Prospectus, the Registration Statement or the Prospectus or in any such amendment or supplement in reliance upon and in conformity with written information concerning such Underwriter furnished to the
Partnership through the Representatives by or on behalf of any Underwriter specifically for inclusion therein which information consists solely of the information specified in </FONT> <FONT SIZE=2><I>Section&nbsp;10(f)</I></FONT><FONT SIZE=2> hereof;
and </FONT><FONT SIZE=2><I>provided, further</I></FONT><FONT SIZE=2>, that with respect to any Preliminary Prospectus, the
indemnity set forth in this paragraph&nbsp;(b) shall not inure to the benefit of any Underwriter on account of any loss, claim, damage, liability or action arising from the sale of Units to any
person by such Underwriter if such Underwriter failed to send or give a copy of the Prospectus, as the same may be amended or supplemented, to such person within the time required by the Securities
Act and the Rules and Regulations thereunder, and the untrue or alleged untrue statement of a material fact or omission or alleged omission of a material fact in the Preliminary Prospectus was
corrected in the Prospectus, unless such failure resulted from non-compliance by the Partnership with </FONT><FONT SIZE=2><I>Section&nbsp;6(c)</I></FONT><FONT SIZE=2> hereof.
Notwithstanding the indemnity provisions set forth in this </FONT><FONT SIZE=2><I>paragraph&nbsp;(b)</I></FONT><FONT SIZE=2>, in no event shall the Selling Unitholder be liable under the provisions
of this </FONT><FONT SIZE=2><I>Section&nbsp;10</I></FONT><FONT SIZE=2> for any amount in excess of the total proceeds received by the Selling Unitholder from the sale of the Firm Units and Option
Units, if any, by the Selling Unitholder (net of underwriting discounts and commissions, but before taxes and any other expenses) pursuant to this Agreement. The foregoing indemnity agreement is in
addition to any liability which the Selling Unitholders may otherwise have to any Underwriter or any officer, employee or controlling person of that Underwriter. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;Each
Underwriter, severally and not jointly, shall indemnify and hold harmless the Magellan Parties, their employees, the officers and directors of the General Partner,
and any person who controls the Magellan Parties within the meaning of the Securities Act and the Selling Unitholder</FONT><FONT SIZE=2><B>,</B></FONT><FONT SIZE=2> its general partner and its
directors and officers and any person who controls the Selling Unitholder within the meaning of the Securities Act, from and against any loss, claim, damage or liability, joint or several, or any
action in respect thereof, to which the Magellan Parties, the Selling Unitholder or any such director, officer or controlling person may become subject, under the Securities Act or otherwise, insofar
as such loss, claim, damage, liability or action arises out of, or is based upon, (i)&nbsp;any untrue statement or alleged untrue statement of a material fact contained in any Preliminary
Prospectus, the Registration Statement or the Prospectus or in any amendment or supplement thereto, (ii)&nbsp;the omission or alleged omission to state in the Registration Statement, or in any
amendment or supplement thereto, any material fact required to be stated therein or necessary to make the statements therein not misleading, or (iii)&nbsp;the omission or alleged omission to state
in any Preliminary Prospectus, the </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>22</FONT></P>

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<P><FONT SIZE=2>Prospectus
or in any amendment or supplement thereto any material fact necessary to make the statement therein, in light of the circumstances under which they were made, not misleading, but in each
case only to the extent that the untrue statement or alleged untrue statement or omission or alleged omission was made in reliance upon and in conformity with written information concerning such
Underwriter furnished to the Partnership through the Representatives by or on behalf of that Underwriter specifically for inclusion therein, and shall reimburse the Magellan Parties, the Selling
Unitholder and any such director, officer or controlling person for any legal or other expenses reasonably incurred by the Magellan Parties, the Selling Unitholder or any such director, officer or
controlling person in connection with investigating or defending or preparing to defend against any such loss, claim, damage, liability or action as such expenses are incurred. The foregoing indemnity
agreement is in addition to any liability which any Underwriter may otherwise have to the Partnership or any such director, officer, employee or controlling person. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;Promptly
after receipt by an indemnified party under this </FONT><FONT SIZE=2><I>Section&nbsp;10</I></FONT><FONT SIZE=2> of notice of any claim or the commencement of
any action, the indemnified party shall, if a claim in respect thereof is to be made against the indemnifying party under this </FONT><FONT SIZE=2><I>Section&nbsp;10</I></FONT><FONT SIZE=2>, notify
the indemnifying party in writing of the claim or the commencement of that action; </FONT><FONT SIZE=2><I>provided, however</I></FONT><FONT SIZE=2>, that the failure to notify the indemnifying party
shall not relieve it from any liability which it may have under this </FONT><FONT SIZE=2><I>Section&nbsp;10</I></FONT><FONT SIZE=2> except to the extent it has been materially prejudiced by such
failure and, </FONT><FONT SIZE=2><I>provided further</I></FONT><FONT SIZE=2>, that the failure to notify the indemnifying party shall not relieve it from any liability which it may have to an
indemnified party otherwise than under this </FONT><FONT SIZE=2><I>Section&nbsp;10</I></FONT><FONT SIZE=2>. If any such claim or action shall be brought against an indemnified party, and it shall
notify the indemnifying party thereof, the indemnifying party shall be entitled to participate therein and, to the extent that it wishes, jointly with any other similarly notified indemnifying party,
to assume the defense thereof with counsel reasonably satisfactory to the indemnified party. After notice from the indemnifying party to the indemnified party of its election to assume the defense of
such claim or action, the indemnifying party shall not be liable to the indemnified party under this </FONT><FONT SIZE=2><I>Section&nbsp;10</I></FONT><FONT SIZE=2> for any legal or other expenses
subsequently incurred by the indemnified party in connection with the defense thereof other than reasonable costs of investigation; </FONT><FONT SIZE=2><I>provided, however</I></FONT><FONT SIZE=2>,
that the Representatives shall have the right to employ counsel to represent jointly the Representatives and those other Underwriters and their respective officers, employees and controlling persons
who may be subject to liability arising out of any claim in respect of which indemnity may be sought by the Underwriters against the Magellan Parties or any Selling Unitholder under this </FONT> <FONT SIZE=2><I>Section&nbsp;10</I></FONT><FONT SIZE=2>
if, in the reasonable judgment of the Representatives, it is advisable for the Representatives and those Underwriters, officers,
employees and controlling persons to be jointly represented by separate counsel, and in that event the fees and expenses of one such separate counsel (plus one local counsel if necessary) shall be
paid by the Magellan Parties or any Selling Unitholder. No indemnifying party shall (i)&nbsp;without the prior written consent of the indemnified parties (which consent shall not be unreasonably
withheld), settle or compromise or consent to the entry of any judgment with respect to any pending or threatened claim, action, suit or proceeding in respect of which indemnification or contribution
may be sought hereunder (whether or not the indemnified parties are actual or potential parties to such claim or action) unless such settlement, compromise or consent includes an unconditional release
of each indemnified party from all liability arising out of such claim, action, suit or proceeding, or (ii)&nbsp;be liable for any settlement of any such action effected without its written consent
(which consent shall not be unreasonably withheld), but if settled with the consent of the indemnifying party or if there be a final judgment of the plaintiff in any such action, the indemnifying
party agrees to indemnify and hold harmless any indemnified party from and against any loss or liability by reason of such settlement or judgment. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;&nbsp;&nbsp;If
the indemnification provided for in this </FONT><FONT SIZE=2><I>Section&nbsp;10</I></FONT><FONT SIZE=2> shall for any reason be unavailable to or insufficient to
hold harmless an indemnified party under </FONT><FONT SIZE=2><I>Section&nbsp;10(a)</I></FONT><FONT SIZE=2>, </FONT><FONT SIZE=2><I>10(b)</I></FONT><FONT SIZE=2> or </FONT> <FONT SIZE=2><I>10(c)</I></FONT><FONT SIZE=2> in respect of any loss, claim,
damage or liability, or any action in respect thereof, referred to therein, then each indemnifying party shall, in
lieu of indemnifying such indemnified party, contribute to the amount paid </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>23</FONT></P>

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<P><FONT SIZE=2>or
payable by such indemnified party as a result of such loss, claim, damage or liability, or action in respect thereof, (i)&nbsp;in such proportion as shall be appropriate to reflect the relative
benefits received by the Magellan Parties and the Selling Unitholder, on the one hand, and the Underwriters on the other, from the offering of the Units or (ii)&nbsp;if the allocation provided by </FONT> <FONT SIZE=2><I>clause&nbsp;(i)
</I></FONT><FONT SIZE=2> above is not permitted by applicable law, in such proportion as is appropriate to reflect not only the relative benefits referred to
in </FONT><FONT SIZE=2><I>clause&nbsp;(i) </I></FONT><FONT SIZE=2>above but also the relative fault of the Magellan Parties and the Selling Unitholder, on the one hand, and the Underwriters on the
other, with respect to the statements or omissions which resulted in such loss, claim, damage or liability, or action in respect thereof, as well as any other relevant equitable considerations. The
relative benefits received by the Magellan Parties and the Selling Unitholder, on the one hand, and the Underwriters on the other, with respect to such offering shall be deemed to be in the same
proportion as the total net proceeds from the offering of the Units purchased under this Agreement (before deducting expenses) received by the Magellan Parties and the Selling Unitholder, on the one
hand, and the total underwriting discounts and commissions received by the Underwriters with respect to the Units purchased under this Agreement, on the other hand, bear to the total gross proceeds
from the offering of the Units under this Agreement, in each case as set forth in the table on the cover page of the Prospectus. The relative fault shall be determined by reference to whether the
untrue or alleged untrue statement of a material fact or omission or alleged omission to state a material fact relates to information supplied by the Partnership, the Selling Unitholder or the
Underwriters, the intent of the parties and their relative knowledge, access to information and opportunity to correct or prevent such statement or omission. The Magellan Parties, the Selling
Unitholder and the Underwriters agree that it would not be just and equitable if contributions pursuant to this </FONT><FONT SIZE=2><I>Section&nbsp;10</I></FONT><FONT SIZE=2> were to be determined
by pro rata allocation (even if the Underwriters were treated as one entity for such purpose) or by any other method of allocation which does not take into account the equitable considerations
referred to herein. The amount paid or payable by an indemnified party as a result of the loss, claim, damage or liability, or action in respect thereof, referred to above in this </FONT> <FONT SIZE=2><I>Section&nbsp;10</I></FONT><FONT SIZE=2> shall
be deemed to include, for purposes of this </FONT><FONT SIZE=2><I>Section&nbsp;10(e)</I></FONT><FONT SIZE=2>, any legal or
other expenses reasonably incurred by such indemnified party in connection with investigating or defending any such action or claim. Notwithstanding the provisions of this </FONT> <FONT SIZE=2><I>Section&nbsp;10(e)</I></FONT><FONT SIZE=2>, no
Underwriter shall be required to contribute any amount in excess of the amount by which the total price at which the Units
underwritten by it and distributed to the public was offered to the public exceeds the amount of any damages which such Underwriter has otherwise paid or become liable to pay by reason of any untrue
or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of </FONT> <FONT SIZE=2><I>Section&nbsp;11(f)</I></FONT><FONT SIZE=2> of the Securities Act) shall be entitled to
contribution from any person who was not guilty of such fraudulent misrepresentation.
The Underwriters' obligations to contribute as provided in this </FONT><FONT SIZE=2><I>Section&nbsp;10(e)</I></FONT><FONT SIZE=2> are several in proportion to their respective underwriting
obligations and not joint. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;&nbsp;&nbsp;&nbsp;The
Underwriters severally confirm and the Magellan Parties and the Selling Unitholder acknowledge that the table of underwriters on page S-19, the first
paragraph under the subheading "Commissions and Expenses" on page S-19, the second paragraph under the subheading "Lock-up Agreements" and the first paragraph under the
subheading "Stabilization, Short Positions and Penalty Bids" on page S-20 and the second paragraph under the subheading "Affiliations" on page S-21 all under the caption
"Underwriting" in the Prospectus are correct and constitute the only information concerning such Underwriters furnished in writing to the Partnership by or on behalf of the Underwriters specifically
for inclusion in the Registration Statement and the Prospectus. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;11.
</FONT><FONT SIZE=2><I>Defaulting Underwriters.</I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If,
on either Delivery Date, any Underwriter defaults in the performance of its obligations under this Agreement, the remaining non-defaulting Underwriters shall be obligated
to purchase the Units which the defaulting Underwriter agreed but failed to purchase on such Delivery Date in the respective proportions which the number of the Firm Units set opposite the name of
each remaining </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>24</FONT></P>

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<P><FONT SIZE=2>non-defaulting
Underwriter in </FONT><FONT SIZE=2><I>Schedule&nbsp;1</I></FONT><FONT SIZE=2> hereto bears to the total number of Firm Units set opposite the names of all the remaining
non-defaulting Underwriters in </FONT><FONT SIZE=2><I>Schedule&nbsp;1</I></FONT><FONT SIZE=2> hereto; </FONT><FONT SIZE=2><I>provided, however</I></FONT><FONT SIZE=2>, that the
remaining non-defaulting Underwriters shall not be obligated to purchase any of the Units on such Delivery Date if the total number of the Units which the defaulting Underwriter or
Underwriters agreed but failed to purchase on such date exceeds 9.09% of the total number of Units to be purchased on such Delivery Date, and any remaining non-defaulting Underwriter shall
not be obligated to purchase more than 110% of the number of Units which it agreed to purchase on such Delivery Date pursuant to the terms of </FONT> <FONT SIZE=2><I>Section&nbsp;2</I></FONT><FONT SIZE=2>. If the foregoing maximums are exceeded, the
remaining non-defaulting Underwriters, or those other underwriters
satisfactory to the Representatives who so agree, shall have the right, but shall not be obligated, to purchase, in such proportion as may be agreed upon among them, all the Units to be purchased on
such Delivery Date. If the remaining Underwriters or other underwriters satisfactory to the Representatives do not elect to purchase the Units which the defaulting Underwriter or Underwriters agreed
but failed to purchase on such Delivery Date, this Agreement (or, with respect to the Second Delivery Date, the obligation of the Underwriters to purchase, and of the Partnership to sell, the Option
Units) shall terminate without liability on the part of any non-defaulting Underwriter, the Magellan Parties or the Selling Unitholder, except that the Magellan Parties will continue to be
liable for the payment of expenses to the extent set forth in </FONT><FONT SIZE=2><I>Sections&nbsp;8</I></FONT><FONT SIZE=2> and </FONT><FONT SIZE=2><I>13</I></FONT><FONT SIZE=2>. As used in this
Agreement, the term "</FONT><FONT SIZE=2><I>Underwriter</I></FONT><FONT SIZE=2>" includes, for all purposes of this Agreement unless the context requires otherwise, any party not listed in </FONT> <FONT SIZE=2><I>Schedule&nbsp;1</I></FONT><FONT
SIZE=2> hereto who, pursuant to this </FONT><FONT SIZE=2><I>Section&nbsp;11</I></FONT><FONT SIZE=2>, purchases Firm Units which a
defaulting Underwriter agreed but failed to purchase. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nothing
contained herein shall relieve a defaulting Underwriter of any liability it may have to the Magellan Parties and the Selling Unitholder for damages, including expenses paid by
the Partnership pursuant to </FONT><FONT SIZE=2><I>Sections 8</I></FONT><FONT SIZE=2> and </FONT><FONT SIZE=2><I>13</I></FONT><FONT SIZE=2>, caused by its default. If other underwriters are
obligated or agree to purchase the Units of a defaulting or withdrawing Underwriter, either the Representatives or the Partnership may postpone the Delivery Date for up to seven full business days in
order to effect any
changes that in the opinion of counsel for the Partnership or counsel for the Underwriters may be necessary in the Registration Statement, the Prospectus or in any other document or arrangement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;12.
</FONT><FONT SIZE=2><I>Termination.</I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
obligations of the Underwriters hereunder may be terminated by the Representatives by notice given to and received by the Partnership and the Selling Unitholder prior to delivery of
and payment for the Firm Units if, prior to that time, any of the events described in </FONT><FONT SIZE=2><I>Sections&nbsp;9(l)</I></FONT><FONT SIZE=2>, </FONT> <FONT SIZE=2><I>9(m)</I></FONT><FONT SIZE=2>, or </FONT><FONT SIZE=2><I>9(n)
</I></FONT><FONT SIZE=2> shall have occurred or if the Underwriters shall decline to purchase the Units for any
reason permitted under this Agreement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;13.
</FONT><FONT SIZE=2><I>Reimbursement of Underwriters' Expense.</I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
the Partnership or the Selling Unitholder shall fail to tender the Units for delivery to the Underwriters by reason of any failure, refusal or inability on the part of any of the
Magellan Parties or the Selling Unitholder to perform any agreement on its part to be performed, or because any other condition of the Underwriters' obligations hereunder required to be fulfilled by
any of the Magellan Parties or the Selling Unitholder is not fulfilled, the Magellan Parties and the Selling Unitholder will reimburse the Underwriters for all reasonable
out-of-pocket expenses (including fees and disbursements of counsel) incurred by the Underwriters in connection with this Agreement and the proposed purchase of the Units, and
upon demand the Magellan Parties and the Selling Unitholder shall pay the full amount thereof to the Representatives. If this Agreement is terminated pursuant to </FONT> <FONT SIZE=2><I>Section&nbsp;12</I></FONT><FONT SIZE=2> by reason of the default
of one or more Underwriters, neither the Magellan Parties nor the Selling Unitholder shall be obligated to
reimburse any defaulting Underwriter on account of those expenses. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>25</FONT></P>

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<A NAME="page_kd1493_1_26"> </A>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;14. </FONT> <FONT SIZE=2><I>Notices.</I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All
statements, requests, notices and agreements hereunder shall be in writing, and: </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;if
to the Underwriters, shall be delivered or sent by mail, telex or facsimile transmission to Lehman Brothers&nbsp;Inc., Syndicate Registration Department, 1285
Avenue of the Americas, 13<SUP>th</SUP> Floor, New York, New York 10019, (Fax: 212-526-0943), with a copy, in the case of any notice pursuant to </FONT> <FONT SIZE=2><I>Section&nbsp;10(d)</I></FONT><FONT SIZE=2>, to the Director of Litigation, Office
of the General Counsel, Lehman Brothers&nbsp;Inc., 399 Park Avenue, New York, New York
10022; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;if
to the Magellan Parties, shall be delivered or sent by mail, telex or facsimile transmission to the address of the Partnership set forth in the Registration
Statement, Attention: General Counsel (Fax: (918)&nbsp;573-1055); </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;if
to the Selling Unitholder, shall be delivered or sent by mail, telex or facsimile transmission to: Magellan Midstream Holdings, L.P., P.O.&nbsp;Box 22186, Tulsa,
Oklahoma 74121-2186, Attention: General Counsel (Fax: (918)&nbsp;573-1055); </FONT></P>

<P><FONT SIZE=2><I>provided, however</I></FONT><FONT SIZE=2>, that any notice to an Underwriter pursuant to </FONT><FONT SIZE=2><I>Section&nbsp;10(d)</I></FONT><FONT SIZE=2> shall be delivered
or sent by mail, telex or facsimile transmission to such Underwriter at its address set forth in its acceptance telex to the Representatives, which address will be supplied to any other party hereto
by the Representatives upon request. Any such statements, requests, notices or agreements shall take effect at the time of receipt thereof. The Magellan Parties and the Selling Unitholder shall be
entitled to act and rely upon any request, consent, notice or agreement given or made on behalf of the Underwriters by Lehman Brothers&nbsp;Inc. on behalf of the Representatives and the Underwriters
shall be entitled to act and rely upon any request, consent, notice or agreement given or made on behalf of the Magellan Parties or the Selling Unitholder. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;15.
</FONT><FONT SIZE=2><I>Persons Entitled to Benefit of Agreement.</I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This
Agreement shall inure to the benefit of and be binding upon the Underwriters, the Magellan Parties, the Selling Unitholders, and their respective successors. This Agreement and the
terms and provisions hereof are for the sole benefit of only those persons, except that (A)&nbsp;the representations, warranties, indemnities and agreements of the Magellan Parties and the Selling
Unitholder contained in this Agreement shall also be deemed to be for the benefit of the person or persons, if any, who control any Underwriter within the meaning of </FONT> <FONT SIZE=2><I>Section&nbsp;15 </I></FONT><FONT SIZE=2>of the Securities
Act and (B)&nbsp;the indemnity agreement of the Underwriters contained in </FONT> <FONT SIZE=2><I>Section&nbsp;10(b)</I></FONT><FONT SIZE=2> of this Agreement shall be deemed to be for the benefit of directors of the General Partner, the officers of
the General Partner
who have signed the Registration Statements and any person controlling the General Partner within the meaning of </FONT><FONT SIZE=2><I>Section&nbsp;15 </I></FONT><FONT SIZE=2>of the Securities Act
and the Selling Unitholder, its general partner and its directors and officers and any person controlling the Selling Unitholder within the meaning of </FONT><FONT SIZE=2><I>Section&nbsp;15  </I></FONT><FONT SIZE=2>of the Securities Act. Nothing in
this Agreement is intended or shall be construed to give any person, other than the persons referred to in this </FONT> <FONT SIZE=2><I>Section&nbsp;15</I></FONT><FONT SIZE=2>, any legal or equitable right, remedy or claim under or in respect of this
Agreement or any provision contained herein. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;16.
</FONT><FONT SIZE=2><I>Survival.</I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
respective indemnities, representations, warranties and agreements of the Magellan Parties, the Selling Unitholder and the Underwriters contained in this Agreement or made by or on
behalf on them, respectively, pursuant to this Agreement, shall survive the delivery of and payment for the Units and shall remain in full force and effect, regardless of any investigation made by or
on behalf of any of them or any person controlling any of them. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>26</FONT></P>

<HR NOSHADE>
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<A NAME="page_kd1493_1_27"> </A>
<BR>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;17. </FONT> <FONT SIZE=2><I>Definition of the Terms "Business Day" and "Subsidiary".</I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For
purposes of this Agreement, (a)&nbsp;"</FONT><FONT SIZE=2><I>business day</I></FONT><FONT SIZE=2>" means each Monday, Tuesday, Wednesday, Thursday or Friday which is not a day on
which banking institutions in New York are generally authorized or obligated by law or executive order to close and (b)&nbsp;"</FONT><FONT SIZE=2><I>subsidiary</I></FONT><FONT SIZE=2>" has the
meaning set forth in Rule&nbsp;405 of the Rules and Regulations. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;18. </FONT> <FONT SIZE=2><I>Governing Law.</I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This
Agreement shall be governed by and construed in accordance with the laws of the State of New York. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;19.
</FONT><FONT SIZE=2><I>Counterparts.</I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This
Agreement may be executed in one or more counterparts and, if executed in more than one counterpart, the executed counterparts shall each be deemed to be an original but all such
counterparts shall together constitute one and the same instrument. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;20.
</FONT><FONT SIZE=2><I>Headings.</I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
headings herein are inserted for convenience of reference only and are not intended to be part of, or to affect the meaning or interpretation of, this Agreement. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><I>[Signature Pages to Follow]</I></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>27</FONT></P>

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<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
the foregoing correctly sets forth the agreement among the Magellan Parties, the Selling Unitholder and the Underwriters, please indicate your acceptance in the space provided for
that purpose below. </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="40%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=4><FONT SIZE=2>Very truly yours,</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="40%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=4><BR><FONT SIZE=2><I>"Partnership"</I></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="40%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=4><BR><FONT SIZE=2><B>MAGELLAN MIDSTREAM PARTNERS, L.P.</B></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="40%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2><BR>
Magellan GP, LLC, its General Partner</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="40%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="39%"><FONT SIZE=2><BR>
&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="40%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Name:</FONT></TD>
<TD WIDTH="39%"><FONT SIZE=2>John D. Chandler</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="40%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Title:</FONT></TD>
<TD WIDTH="39%"><FONT SIZE=2>Chief Financial Officer and Treasurer</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="40%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=4><BR><FONT SIZE=2><I>"General Partner"</I></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="40%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=4><BR><FONT SIZE=2><B>MAGELLAN GP, LLC</B></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="40%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2><BR>
&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="40%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Name:</FONT></TD>
<TD WIDTH="39%"><FONT SIZE=2>John D. Chandler</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="40%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Title:</FONT></TD>
<TD WIDTH="39%"><FONT SIZE=2>Chief Financial Officer and Treasurer</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="40%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=4><BR><FONT SIZE=2><I>"Operating Partnership"</I></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="40%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=4><BR><FONT SIZE=2><B>MAGELLAN OLP, L.P.</B></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="40%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2><BR>
Magellan GP,&nbsp;Inc., its General Partner</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="40%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="39%"><FONT SIZE=2><BR>
&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="40%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Name:</FONT></TD>
<TD WIDTH="39%"><FONT SIZE=2>John D. Chandler</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="40%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Title:</FONT></TD>
<TD WIDTH="39%"><FONT SIZE=2>Chief Financial Officer and Treasurer</FONT></TD>
</TR>
</TABLE>
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<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
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<TD WIDTH="39%"><BR><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=6><BR><FONT SIZE=2><I>"MPL LLC"</I></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=6><BR><FONT SIZE=2><B>MAGELLAN PIPELINE COMPANY, LLC</B></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=5><FONT SIZE=2><BR>
By: Magellan Midstream Partners, L.P., its Sole Member</FONT></TD>
<TD WIDTH="29%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2><BR>
By: Magellan GP, LLC, its General Partner</FONT></TD>
<TD WIDTH="29%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="29%"><FONT SIZE=2><BR>
&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Name:</FONT></TD>
<TD WIDTH="29%"><FONT SIZE=2>John D. Chandler</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Title:</FONT></TD>
<TD WIDTH="29%"><FONT SIZE=2>Chief Financial Officer and Treasurer</FONT></TD>
</TR>
</TABLE>
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<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="39%"><BR><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=4><BR><FONT SIZE=2><I>"Selling Unitholder"</I></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=4><BR><FONT SIZE=2><B>MAGELLAN MIDSTREAM HOLDINGS, L.P.</B></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2><BR>
By: Magellan Midstream Management, LLC</FONT></TD>
<TD WIDTH="39%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="39%"><FONT SIZE=2><BR>
&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Name:</FONT></TD>
<TD WIDTH="39%"><FONT SIZE=2>John D. Chandler</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Title:</FONT></TD>
<TD WIDTH="39%"><FONT SIZE=2>Chief Financial Officer and Treasurer</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

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<P><FONT SIZE=2>Accepted: </FONT></P>

<P><FONT SIZE=2>LEHMAN BROTHERS&nbsp;INC.<BR>
CITIGROUP GLOBAL MARKETS&nbsp;INC.</FONT></P>

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<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="4%"><FONT SIZE=2>By:</FONT></TD>
<TD WIDTH="54%"><FONT SIZE=2>LEHMAN BROTHERS&nbsp;INC. AND<BR>
CITIGROUP GLOBAL MARKETS&nbsp;INC.</FONT><FONT SIZE=2>, on behalf of itself and each of the other Underwriters named on </FONT><FONT SIZE=2><I>Schedule&nbsp;1</I></FONT><FONT SIZE=2> hereto</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="39%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="4%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="54%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="39%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="54%"><HR NOSHADE><FONT SIZE=2> Authorized Representative</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="39%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="4%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="54%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="39%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="4%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="54%"><HR NOSHADE><FONT SIZE=2> Authorized Representative</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="39%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE>
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<HR NOSHADE>
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<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="kd1493_schedule_1"> </A>
<A NAME="toc_kd1493_1"> </A>
<BR></FONT><FONT SIZE=2><B>SCHEDULE 1    <BR>    </B></FONT></P>

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<DIV ALIGN="CENTER"><TABLE WIDTH="73%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="84%" ALIGN="CENTER"><FONT SIZE=1><B>Underwriters</B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="14%" ALIGN="CENTER"><FONT SIZE=1><B>Number of<BR>
Firm Units</B></FONT><HR NOSHADE></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="84%"><FONT SIZE=2>Lehman Brothers Inc.</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>990,000</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="84%"><FONT SIZE=2>Citigroup Global Markets Inc.</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>630,000</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="84%"><FONT SIZE=2>Goldman, Sachs &amp; Co.</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>630,000</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="84%"><FONT SIZE=2>Morgan Stanley &amp; Co. Incorporated</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>630,000</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="84%"><FONT SIZE=2>UBS Warburg LLC</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>630,000</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="84%"><FONT SIZE=2>Wachovia Securities, Inc.</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>630,000</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="84%"><FONT SIZE=2>RBC Dain Rauscher Inc.</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>225,000</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="84%"><FONT SIZE=2>J.P. Morgan Securities Inc.</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>135,000</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="84%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><HR NOSHADE></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="84%"><FONT SIZE=2>Total</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>4,500,000</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="84%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
</TR>
</TABLE></DIV>
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<P ALIGN="CENTER"><FONT SIZE=2>Schedule
1-1 </FONT></P>

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<P ALIGN="CENTER"><FONT SIZE=2><B>EXHIBIT A<BR>
<BR>
LOCK-UP LETTER AGREEMENT  </B></FONT></P>


<P><FONT SIZE=2>LEHMAN BROTHERS&nbsp;INC.<BR>
CITIGROUP GLOBAL MARKETS&nbsp;INC.</FONT><FONT SIZE=2><BR>
As Representatives of the several<BR>
Underwriters named in </FONT><FONT SIZE=2><I>Schedule&nbsp;1,</I></FONT><FONT SIZE=2><BR>
c/o Lehman Brothers&nbsp;Inc.<BR>
745 Seventh Avenue<BR>
New York, New York 10019 </FONT></P>

<P><FONT SIZE=2>Dear
Sirs: </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
undersigned understands that you and certain other firms propose to enter into an Underwriting Agreement (the "</FONT><FONT SIZE=2><I>Underwriting
Agreement</I></FONT><FONT SIZE=2>") providing for the purchase by you and such other firms (the "</FONT><FONT SIZE=2><I>Underwriters</I></FONT><FONT SIZE=2>") of the common units (the
"</FONT><FONT SIZE=2><I>Units</I></FONT><FONT SIZE=2>") representing limited partner interests (the "</FONT><FONT SIZE=2><I>Common Units</I></FONT><FONT SIZE=2>") of Magellan Midstream Partners,
L.P., a Delaware limited partnership (the "</FONT><FONT SIZE=2><I>Partnership</I></FONT><FONT SIZE=2>"), and that the Underwriters propose to reoffer the Units to the public (the
"</FONT><FONT SIZE=2><I>Offering</I></FONT><FONT SIZE=2>"). </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
consideration of the execution of the Underwriting Agreement by the Underwriters, and for other good and valuable consideration, the undersigned hereby irrevocably agrees that,
without the prior written consent of Lehman Brothers&nbsp;Inc. and Citigroup Global Markets&nbsp;Inc., on behalf of the Underwriters, the undersigned will not, directly or indirectly,
(1)&nbsp;offer for sale, sell, pledge, or otherwise dispose of (or enter into any transaction or device that is designed to, or could be expected to, result in the disposition by any person at any
time in the future of) any Common Units (including, without limitation, Common Units that may be deemed to be beneficially owned by the undersigned in accordance with the rules and regulations of the
Securities and Exchange Commission and Common Units that may be issued upon exercise of any option or warrant) or securities convertible into or exchangeable for Common Units owned by the undersigned
on the date of execution of this Lock-Up Letter Agreement or on the date of the completion of the Offering, or (2)&nbsp;enter into any swap or other derivatives transaction that
transfers to another, in whole or in part, any of the economic benefits or risks of ownership of such Common Units, whether any such transaction described in clause&nbsp;(1) or (2)&nbsp;above is
to be settled by delivery of Common Units or other securities, in cash or otherwise, for a period of ninety (90)&nbsp;days after the date of the final Prospectus relating to the Offering. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
furtherance of the foregoing, the Partnership and its transfer agent are hereby authorized to decline to make any transfer of securities if such transfer would constitute a violation
or breach of this Lock-Up Letter Agreement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;It
is understood that, if the Partnership notifies you that it does not intend to proceed with the Offering, if the Underwriting Agreement does not become effective, or if the
Underwriting Agreement (other than the provisions thereof which survive termination) shall terminate or be terminated prior to payment for and delivery of the Units, I will be released from my
obligations under this Lock-Up Letter Agreement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
undersigned understands that the Partnership and the Underwriters will proceed with the Offering in reliance on this Lock-Up Letter Agreement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Whether
or not the Offering actually occurs depends on a number of factors, including market conditions. Any Offering will only be made pursuant to an Underwriting Agreement, the terms
of which are subject to negotiation between the Partnership, the Selling Unitholder and the Underwriters. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>Exhibit
A-1 </FONT></P>

<HR NOSHADE>
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<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
undersigned hereby represents and warrants that the undersigned has full power and authority to enter into this Lock-Up Letter Agreement and that, upon request, the
undersigned will execute any additional documents necessary in connection with the enforcement hereof. Any obligations of the undersigned shall be binding upon the heirs, personal representatives,
successors and assigns of the undersigned. </FONT></P>

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<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Very truly yours,</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="50%"><BR><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Name:</FONT></TD>
<TD WIDTH="50%"><HR NOSHADE></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2>Title:</FONT></TD>
<TD WIDTH="50%"><HR NOSHADE></TD>
</TR>
</TABLE>
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<P><FONT SIZE=2>Dated:
December&nbsp;&nbsp;&nbsp;&nbsp;, 2003 </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>Exhibit
A-2 </FONT></P>

<HR NOSHADE>
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<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="page_ke1493_1_1"> </A> </FONT> <FONT SIZE=2><B>ANNEX 1  </B></FONT></P>

<P><FONT SIZE=2>Magellan
Midstream Holdings, L.P.<BR>
John D. Chandler<BR>
Patrick C. Eilers<BR>
Justin S. Huscher<BR>
Pierre F. Lapeyre, Jr.<BR>
David M. Leuschen<BR>
Michael N. Mears<BR>
James R. Montague<BR>
George A. O'Brien<BR>
Richard A. Olson<BR>
Mark G. Papa<BR>
Brett C. Riley<BR>
Lonny E. Townsend<BR>
Don R. Wellendorf<BR>
Jay A. Wiese </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>Annex 1-1</FONT></P>

<HR NOSHADE>
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<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="page_kf1493_1_1"> </A> </FONT> <FONT SIZE=2><B>ANNEX 2<BR>
<BR>
JURISDICTIONS OF QUALIFICATION  </B></FONT></P>

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<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="49%" ALIGN="CENTER"><FONT SIZE=1><B>Name of Entity</B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="49%" ALIGN="CENTER"><FONT SIZE=1><B>Jurisdiction of Qualification</B></FONT><HR NOSHADE></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="49%"><FONT SIZE=2>Magellan GP, LLC</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="49%"><FONT SIZE=2>Delaware, Illinois, Oklahoma, Arkansas, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Carolina, North Dakota, South Dakota, Wisconsin, New Mexico, Indiana, Texas, Colorado</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="49%"><FONT SIZE=2>Magellan Midstream Partners, L.P.</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="49%"><FONT SIZE=2>Alabama, Connecticut, Delaware, Georgia, Iowa, Kansas, Louisiana, Minnesota, Mississippi, Missouri, Nebraska, Oklahoma, Texas, Arkansas, Illinois, North Carolina, North Dakota, South Carolina, South Dakota, Tennessee,
Wisconsin, New Mexico, Indiana, Colorado, Virginia</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="49%"><FONT SIZE=2>Magellan GP, Inc.</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="49%"><FONT SIZE=2>Delaware, Oklahoma, Alabama, Arkansas, Connecticut, Georgia, Illinois, Iowa, Kansas, Louisiana, Minnesota, Mississippi, Missouri, Nebraska, North Carolina, North Dakota, South Carolina, Tennessee, Texas,
Virginia</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="49%"><FONT SIZE=2>Magellan Pipeline Company, LLC</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="49%"><FONT SIZE=2>Delaware, Arkansas, Illinois, Iowa, Kansas, Oklahoma, Minnesota, Missouri, Nebraska, North Dakota, South Dakota, Wisconsin, New Mexico, Indiana, Texas, Colorado, Utah</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="49%"><FONT SIZE=2>Magellan OLP, L.P.</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="49%"><FONT SIZE=2>Delaware, Oklahoma, Alabama, Arkansas, Connecticut, Georgia, Illinois, Iowa, Kansas, Louisiana, Minnesota, Mississippi, Missouri, Nebraska, North Carolina, North Dakota, South Carolina, Tennessee, Texas,
Virginia</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="49%"><FONT SIZE=2>Magellan NGL, LLC</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="49%"><FONT SIZE=2>Delaware, Alabama, Connecticut, Georgia, Illinois, Iowa, Kansas, Louisiana, Minnesota, Mississippi, Missouri, Nebraska, North Carolina, North Dakota, Oklahoma, South Carolina, South Dakota, Tennessee, Texas, Virginia,
Arkansas, Wisconsin</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="49%"><FONT SIZE=2>Magellan Terminals Holdings, L.P.</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="49%"><FONT SIZE=2>Delaware, Alabama, Arkansas, Connecticut, Georgia, Louisiana, Mississippi, North Carolina, Oklahoma, South Carolina, Tennessee, Texas, Virginia, Missouri</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="49%"><FONT SIZE=2>Magellan Ammonia Pipeline, L.P.</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="49%"><FONT SIZE=2>Delaware, Iowa, Kansas, Minnesota, Nebraska, Texas, Oklahoma</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="49%"><FONT SIZE=2>Magellan Pipelines Holdings, L.P.</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="49%"><FONT SIZE=2>Delaware, Illinois, Texas, Oklahoma</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="49%"><FONT SIZE=2>Magellan Asset Services, L.P.</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="49%"><FONT SIZE=2>Delaware, Oklahoma, Arkansas, Colorado, Illinois, Indiana, Iowa, Kansas, Minnesota, Maryland, Nebraska, New Mexico, North Dakota, South Dakota, Texas, Utah, Wisconsin</FONT></TD>
</TR>
</TABLE>
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<P ALIGN="CENTER"><FONT SIZE=2>Annex 2-1</FONT></P>

<HR NOSHADE>
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<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="page_kg1493_1_1"> </A> </FONT> <FONT SIZE=2><B>EXHIBIT B<BR>
<BR>
FORM OF OPINION OF VINSON&nbsp;&amp; ELKINS L.L.P.  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp;The
General Partner is the sole general partner of the Partnership with a 2.0% general partner interest in the Partnership; such general partner interest has been duly
authorized and validly issued in accordance with the Partnership Agreement; and the General Partner owns such general partner interest free and clear of all liens, encumbrances, security interests,
equities, charges or claims except for the Credit Agreement Permitted Liens (A)&nbsp;in respect of which a financing statement under the Uniform Commercial Code of the State of Delaware naming the
General Partner as debtor is on file with the Secretary of State of the State of Delaware or (B)&nbsp;otherwise known to such counsel, other than those created by or arising under the Delaware LP
Act or the Partnership Agreement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;&nbsp;&nbsp;The
Sponsor Units, the Incentive Distribution Rights and the limited partner interests represented thereby have been duly authorized and validly issued in accordance
with the Partnership Agreement, and are fully paid (to the extent required under the Partnership Agreement) and nonassessable (except as such nonassessability may be affected by
Section&nbsp;17-607 of the Delaware LP Act); and the General Partner owns all of the Incentive Distribution Rights free and clear of all liens, encumbrances, security interests,
equities, charges or claims except for the Credit Agreement Permitted Liens (A)&nbsp;in respect of which a financing statement under the Uniform Commercial Code of the State of Delaware naming the
General Partner as debtor is on file with the Secretary of State of the State of Delaware or (B)&nbsp;otherwise known to such counsel, other than those created by or arising under the Delaware LP
Act or the Partnership Agreement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;&nbsp;The
200,000 Firm Units to be issued and sold by the Partnership and the 4,300,000 Firm Units and 675,000 Option Units to be sold by the Selling Unitholder to the
Underwriters pursuant to this Agreement have been duly authorized and, when issued and delivered against payment therefor in accordance with this Agreement will be validly issued, fully paid (to the
extent required under the Partnership Agreement) and non-assessable (except as such nonassessability may be affected by Section&nbsp;17-607 of the Delaware LP Act). </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)&nbsp;&nbsp;The
Partnership owns all of the outstanding capital stock of the OLP GP; all of such capital stock has been duly and validly authorized and issued and is fully paid and
nonassessable; and such capital stock is owned free and clear of all liens, encumbrances, security interests, equities, charges or claims except for the Credit Agreement Permitted Liens (A)&nbsp;in
respect of which a financing statement under the Uniform Commercial Code of the State of Delaware naming the Partnership as debtor is on file with the Secretary of State of the State of Delaware or
(B)&nbsp;otherwise known to such counsel. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v)&nbsp;&nbsp;&nbsp;The
OLP GP is the sole general partner of the Operating Partnership with a 0.001% general partner interest in the Operating Partnership; such general partner interest
has been duly authorized and validly issued in accordance with the Operating Partnership Agreement; and the OLP GP owns such general partner interest free and clear of all liens, encumbrances,
security interests, charges or claims except for the Credit Agreement Permitted Liens (A)&nbsp;in respect of which a financing statement under the Uniform Commercial Code of the State of Delaware
naming the OLP GP as debtor is on file with the Secretary of State of the State of Delaware or (B)&nbsp;otherwise known to such counsel, other than those created by or arising under the Delaware LP
Act or the Operating Partnership Agreement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi)&nbsp;&nbsp;The
Partnership is the sole limited partner of the Operating Partnership with a 99.999% limited partner interest in the Operating Partnership; such limited partner
interest has been duly authorized and validly issued in accordance with the Operating Partnership Agreement and is fully paid (to the extent required under the Operating Partnership Agreement) and
nonassessable (except as such nonassessability may be affected by Section&nbsp;17-607 of the Delaware LP Act); and the Partnership owns such limited partner interest free and clear of
all liens, encumbrances, security interests, charges or claims except for the Credit Agreement Permitted Liens (A)&nbsp;in respect of which a financing statement </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>Exhibit B-1</FONT></P>

<HR NOSHADE>
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<A NAME="page_kg1493_1_2"> </A>
<BR>

<P><FONT SIZE=2>under
the Uniform Commercial Code of the State of Delaware naming the Partnership as debtor is on file with the Secretary of State of the State of Delaware or (B)&nbsp;otherwise known to such
counsel, other than those created by or arising under the Delaware LP Act or the Operating Partnership Agreement. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii)&nbsp;The
Partnership owns a 100% member interest in MPL LLC; such member interest has been duly authorized and validly issued in accordance with the MPL LLC Agreement, and
is fully paid (to the extent required under the MPL LLC Agreement) and nonassessable (except as such nonassessability may be affected by Section&nbsp;18-607 of the Delaware LLC Act); and
the Partnership owns such member interest free and clear of all liens, encumbrances, security interests, equities, charges or claims except for the Credit Agreement Permitted Liens (A)&nbsp;in
respect of which a financing statement under the Uniform Commercial Code of the State of Delaware naming the Partnership as debtor is on file with the Secretary of State of the State of Delaware or
(B)&nbsp;otherwise known to such counsel, other than those created by or arising under the Delaware LLC Act or the MPL LLC Agreement. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii)&nbsp;The
Operating Partnership owns a 100% member interest in MNGL LLC; such member interest has been duly and validly authorized and issued in accordance with MNGL LLC
Agreement and is fully paid (to the extent required under MNGL LLC Agreement) and nonassessable (except as such nonassessability may be affected by Section&nbsp;18-607 of the Delaware
LLC Act); and the Operating Partnership owns such member interest free and clear of all liens, encumbrances, security interests, charges or claims except for the Credit Agreement Permitted Liens
(A)&nbsp;in respect of which a financing statement under the Uniform Commercial Code of the State of Delaware naming the Operating Partnership as debtor is on file with the Secretary of State of the
State of Delaware or (B)&nbsp;otherwise known to such counsel, other than those created by or arising under the Delaware LLC Act or the MNGL LLC Agreement. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix)&nbsp;&nbsp;MNGL
LLC is the sole general partner of each of the LP Subsidiaries with a 0.001% general partner interest in each LP Subsidiary; each such general partner interest has
been duly authorized and validly issued in accordance with the applicable LP Subsidiary Partnership Agreement; and MNGL LLC owns each such general partner interest free and clear of all liens,
encumbrances, security interests, charges or claims except for the Credit Agreement Permitted Liens (A)&nbsp;in respect of which a financing statement under the Uniform Commercial Code of the State
of Delaware naming MNGL LLC as debtor is on file with the Secretary of State of the State of Delaware or (B)&nbsp;otherwise known to such counsel, other than those created by or arising under the
Delaware LP Act or the applicable LP Subsidiary Partnership Agreement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x)&nbsp;&nbsp;&nbsp;The
Operating Partnership is the sole limited partner of each of the LP Subsidiaries with a 99.999% limited partner interest in each such LP Subsidiary; each such
limited partner interest has been duly authorized and validly issued in accordance with the applicable LP Subsidiary Partnership Agreement and is fully paid (to the extent required under each such LP
Subsidiary Partnership Agreement) and nonassessable (except as such nonassessability may be affected by Section&nbsp;17-607 of the Delaware LP Act); and the Operating Partnership owns
each such limited partner interest free and clear of all liens, encumbrances, security interests, charges or claims except for the Credit Agreement Permitted Liens (A)&nbsp;in respect of which a
financing statement under the Uniform Commercial Code of the State of Delaware naming the Operating Partnership as debtor is on file with the Secretary of State of the State of Delaware or
(B)&nbsp;otherwise known to such counsel, other than those created by or arising under the Delaware LP Act or the applicable LP Subsidiary Partnership Agreement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xi)&nbsp;&nbsp;The
Selling Unitholder owns a 100% member interest in the General Partner; such member interest has been duly authorized and validly issued in accordance with the GP
LLC Agreement, and is fully paid (to the extent required under the GP LLC Agreement) and nonassessable (except as such nonassessability may be affected by Section&nbsp;18-607 of the
Delaware LLC Act). </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>Exhibit B-2</FONT></P>

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<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xii)&nbsp;Except
for any such rights which have been effectively complied with or waived, (i)&nbsp;no person has the right, contractual or otherwise, to cause the Partnership
to issue any partner interests in the Partnership or any equity interests in any other Partnership Entity, (ii)&nbsp;there are no preemptive rights, resale rights, rights of first refusal or other
rights to purchase any units in the Partnership of any equity interests in any other Partnership Entity, and (iii)&nbsp;no person has the right to act as an underwriter, or as a financial advisor to
the Partnership, in connection with the offer and sale of the Units, in the case of each of the foregoing clauses (i), (ii)&nbsp;and (iii), whether as a result of the filing or the effectiveness of
the Registration Statement or the sale of the Units as contemplated thereby or otherwise. To such counsel's knowledge, except as described in the Prospectus, there are no outstanding options or
warrants to purchase (A)&nbsp;any Common Units, Subordinated Units, Incentive Distribution Rights or other interests in the Partnership or (B)&nbsp;any interests in the General Partner, the
Operating Partnership, MPL LLC or any other member of the Partnership Group. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiii)&nbsp;The
offering, issuance and sale by the Partnership of the Units, the execution, delivery and performance by the Magellan Parties of the Underwriting Agreement and the
consummation of the transactions contemplated hereby and thereby has not caused, and will not cause, as applicable, (A)&nbsp;a violation of the Organizational Documents, (B)&nbsp;a breach or
violation of, or a default under (or an event which, with notice or lapse of time or both, would constitute such an event), any agreement filed as an exhibit to the Registration Statement or
(C)&nbsp;any violation of any federal statute, law or regulation, the Delaware LP Act, the Delaware LLC Act or the DGCL or, to the knowledge of such counsel, any order, judgment, decree or
injunction of any federal or Delaware court or governmental agency or body directed to any of the Partnership Entities or any of their properties in a proceeding to which any of them or their property
is subject, excluding in the case of clauses (B)&nbsp;and (C), any such breaches, violations and defaults that would not have a material adverse effect on the condition (financial or other),
business, assets or results of operations of the Partnership Group, taken as a whole. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiv)&nbsp;The
statements contained in the Prospectus under the captions "Cash Distributions," "Material Tax Consequences," "Tax Considerations," and "Investment in Us by
Employee Benefit Plans," insofar as they constitute descriptions of contracts or legal proceedings or refer to statements of law or legal conclusions, are accurate and complete in all material
respects, and the Units, the Subordinated Units, the Class&nbsp;B Units and the Incentive Distribution Rights conform in all material respects to the descriptions thereof contained in the Prospectus
under the captions "Prospectus Summary&#151;The Offering," "Cash Distributions," Description of Common Units," "Description of Subordinated Units" and "Description of Our Class&nbsp;B Units." </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xv)&nbsp;The
opinion of Vinson&nbsp;&amp; Elkins L.L.P. that is filed as </FONT><FONT SIZE=2><I>Exhibit&nbsp;8.1</I></FONT><FONT SIZE=2> to each Registration Statement is
confirmed and the Underwriters may rely upon such opinion as if it were addressed to them. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xvi)&nbsp;The
Registration Statement was declared effective under the Securities Act as of the date and time specified in such opinion, the Prospectus was filed with the
Commission pursuant to the subparagraph of Rule&nbsp;424(b) of the Rules and Regulations specified in such opinion on the date specified therein and no stop order suspending the effectiveness of the
Registration Statement has been issued and, to the knowledge of such counsel, no proceeding for that purpose is pending or threatened by the Commission. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xvii)&nbsp;The
Registration Statement and the Prospectus and any further amendments or supplements thereto made by the Partnership prior to such Delivery Date (except for the
financial statements and the notes and financial schedules and other financial, statistical and accounting data included therein, as to which such counsel need express no opinion) comply as to form in
all material respects with the requirements of the Securities Act and the Rules and Regulations. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>Exhibit B-3</FONT></P>

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<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xviii)&nbsp;To
the best of such counsel's knowledge, there are no contracts or other documents which are required to be described in the Prospectus or filed as exhibits to the
Registration Statement by the Securities Act or by the Rules and Regulations which have not been described or filed as exhibits to the Registration Statement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xix)&nbsp;Neither
the General Partner nor any member of the Partnership Group is an "investment company" as defined in the Investment Company Act of 1940, as amended. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Since
such counsel has not conducted any independent investigation or verification with regard to the information set forth in the Registration Statement or Prospectus (except with
respect to the opinions set forth herein), such counsel is not (except as aforesaid) passing upon and does not assume any responsibility for the accuracy, completeness or fairness of the statements
contained therein. Such counsel has participated, however, in conferences with officers and other representatives of the Partnership Entities, representatives of the independent public accountants of
the Partnership and the Underwriters' representatives, at which the contents of the Registration Statement and Prospectus and related matters were discussed. Based on the foregoing (relying as to
factual matters in respect of the determination of materiality to a significant extent upon the statements of fact made by officers and other representatives of the Partnership Entities and the
Selling Unitholder), no facts have come to such counsel's attention that have led such counsel to believe that the Registration Statement, at the time such Registration Statement became effective,
contained any untrue statement of a material fact or omitted to state a material fact required to be stated therein or necessary to make the statements therein not misleading or that, as of its date,
the Prospectus contained an untrue statement of a material fact or omitted a material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances
under which they were made, not misleading or that, as of the date hereof, the Prospectus contains an untrue statement of a material fact or omits to state a material fact necessary to make the
statements therein, in light of the circumstances under which they were made, not misleading. Such counsel, however, expresses no opinion with respect to the financial statements and notes and related
schedules and other related financial, accounting and statistical data included in the Registration Statement or in the Prospectus or any further amendment or supplement thereto. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Such
counsel's opinion may be limited to matters governed by the Federal laws of the United States of America, the laws of the States of Texas and the DGCL, Delaware LP Act and the
Delaware LLC Act. Such counsel need not express any opinion with respect to the title of any of the Partnership Group to
any of their respective real or personal property or the accuracy of the descriptions or references in the Registration Statement to any real or personal property, and need not express any opinion
with respect to state or local taxes or tax statutes to which any of the limited partners of the Partnership or any members of the Partnership Group may be subject. Any references herein to such
counsel's knowledge shall mean the actual knowledge of such counsel's attorneys substantially participating in the work of such firm as counsel with respect to the matters relating to the offering of
the Units and without in any manner having conducted any investigation other than as described herein. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>Exhibit B-4</FONT></P>

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<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="page_kh1493_1_1"> </A> </FONT> <FONT SIZE=2><B>EXHIBIT C<BR>
<BR>
OPINION OF GENERAL COUNSEL  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp;Each
of the Partnership, the Operating Partnership, MTH LP, MPH LP MAP LP and MAS LP has been duly formed and is validly existing as a limited partnership under the
Delaware LP Act, is duly registered or qualified to do business and is in good standing as a foreign limited partnership under the laws of the jurisdictions set forth on </FONT> <FONT SIZE=2><I>Annex&nbsp;2</I></FONT><FONT SIZE=2> to this Agreement,
and to such counsel's knowledge, such jurisdictions are the only jurisdictions in which its ownership or lease of
property or the conduct of business requires such qualification, except where the failure to so register or so qualify would not (A)&nbsp;have a material adverse effect on the condition (financial
or otherwise), business, assets or results of operations of the Partnership Group, taken as a whole, or (B)&nbsp;subject the limited partners of the Partnership to any material liability or
disability; and each such partnership has all requisite partnership power and authority necessary to own or hold its properties and assets and to conduct the businesses in which it is engaged. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;&nbsp;&nbsp;Each
of the General Partner, MNGL LLC and MPL LLC has been duly formed and is validly existing in good standing as a limited liability company under the Delaware LLC
Act, is duly registered or qualified to do business and is in good standing as a foreign limited liability company under the laws of the jurisdictions set forth on Annex 2 to this Agreement, and to
such counsel's knowledge, such jurisdictions are the only jurisdictions in which its ownership or lease of property or the conduct of business requires such qualification, except where the failure to
so register or so qualify would not (A)&nbsp;have a material adverse effect on the condition (financial or otherwise), business, assets, results of operations of the Partnership Group, taken as a
whole, or (B)&nbsp;subject the limited partners of the Partnership to any material liability or disability; and each such limited liability company has all requisite limited liability company power
and authority necessary to own or hold its properties and to conduct the businesses in which it is engaged. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;&nbsp;OLP
GP has been duly formed and is validly existing in good standing as a corporation under the DGCL, is duly registered or qualified to do business and is in good
standing as a foreign corporation under the laws of the jurisdictions set forth on Annex 2 to this Agreement, and to such counsel's knowledge, such jurisdictions are the only jurisdictions in which
its ownership or lease of property or the conduct of business requires such qualification, except where the failure to so register or so qualify would not (A)&nbsp;have a material adverse effect on
the condition (financial or otherwise), business, assets, results of operations of the Partnership Group, taken as a whole, or (B)&nbsp;subject the limited partners of the Partnership to any
material liability or disability; and each such corporation has all requisite corporate power and authority necessary to own or hold its properties and to conduct the businesses in which it is
engaged. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)&nbsp;&nbsp;The
offering, issuance and sale by the Partnership of the Common Units, the execution, delivery and performance by the Magellan Parties of the Underwriting Agreement
and the consummation of the transactions contemplated hereby and thereby will not result in: (A)&nbsp;a breach or violation of any of the terms or provisions of, or constitute a default under, any
indenture, mortgage, deed of trust, loan agreement or other agreement or instrument to or by which the General Partner or any member of the Partnership Group is bound or to which any of the property
or assets of any member of the Partnership Group is subject, or (B)&nbsp;any violation of any order, rule or regulation of any court or governmental agency or body having jurisdiction over the
General Partner, any member of the Partnership Group or any of the properties or assets of the Partnership Group, except any such conflicts, breaches, violations or defaults that would not have a
material adverse effect on the condition (financial or otherwise), business, assets or results of operations of the Partnership Group, taken as a whole. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>Exhibit C-1</FONT></P>

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<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v)&nbsp;&nbsp;&nbsp;Except
for the registration of the Common Units under the Securities Act and such consents, approvals, authorizations, registrations or qualifications as may be required
under the Exchange Act and applicable state securities laws in connection with the purchase and distribution of the Common Units by the Underwriters, no consent, approval, authorization or order of,
or filing or registration with, any such court or governmental agency or body is required for the execution, delivery and performance of the Underwriting Agreement and the consummation of the
transactions contemplated hereby and thereby, except for such consents, approvals, authorizations, orders, filings or registrations (A)&nbsp;as have been obtained or made and (B)&nbsp;would not
have a material adverse effect on the condition (financial or otherwise), business, assets or results of operations of the Partnership Group, taken as a whole. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi)&nbsp;&nbsp;Except
as described in the Prospectus, there are no contracts, agreements or understandings between the any of the Partnership Entities and any person granting such
person the right to require the Partnership to file&nbsp;a registration statement under the Securities Act with respect to any securities of any member of the Partnership Group owned or to be owned
by such person or to require the Partnership to include such securities with the Units registered pursuant to the Registration Statement or in any securities being registered pursuant to any other
registration statement filed by any of the Partnership Entities under the Securities Act. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii)&nbsp;To
the best of such counsel's knowledge and other than as set forth in the Prospectus, there are no legal or governmental proceedings pending to which the General
Partner or any member of the Partnership Group is a party or to which any property or assets of the Partnership Group is the subject which, if determined adversely to such party, might reasonably be
expected to have a material adverse effect on the consolidated financial position, securityholders' equity, results of operations, business or prospects of the Partnership Group, taken as whole; and,
to the best of such counsel's knowledge, no such proceedings are threatened or contemplated by governmental authorities or by others. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii)&nbsp;This
Agreement has been duly authorized, executed and delivered by each of the Magellan Parties. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any
references herein to such counsel's knowledge shall mean the actual knowledge or such counsel and the attorneys at the Partnership Entities substantially participating in the work
respecting the matters relating to the Offering. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>Exhibit C-2</FONT></P>

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<P><br><A NAME="03HOU1493_2">QuickLinks</A><br></P><!-- TOC_BEGIN -->
<FONT SIZE=2><A HREF="#toc_kd1493_1">SCHEDULE 1</A></FONT><BR>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.1
<SEQUENCE>4
<FILENAME>a2125332zex-5_1.htm
<DESCRIPTION>EXHIBIT 5.1
<TEXT>
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<BR>
<P ALIGN="RIGHT"><FONT SIZE=2><B>Exhibit 5.1  </B></FONT></P>

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<TD WIDTH="32%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="32%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="32%"><FONT SIZE=1>VINSON&nbsp;&amp; ELKINS L.L.P.<BR>
2300 FIRST CITY TOWER<BR>
1001 FANNIN STREET<BR>
HOUSTON, TEXAS 77002-6760<BR>
TELEPHONE (713)&nbsp;758-2222<BR>
FAX (713)&nbsp;758-2346<BR>
www.velaw.com</FONT></TD>
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<P><FONT SIZE=2>December&nbsp;19, 2003 </FONT></P>

<P><FONT SIZE=2>Magellan
Midstream Partners, L.P.<BR>
One Williams Center<BR>
Tulsa, Oklahoma 74172 </FONT></P>

<P><FONT SIZE=2>Ladies
and Gentlemen: </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
have acted as counsel to Magellan Midstream Partners, L.P., a Delaware limited partnership (the "Partnership"), and Magellan Midstream Holdings, L.P., a Delaware limited partnership
and the Partnership's general partner (the "Selling Unitholder"), in connection with the proposed offering and sale by the Partnership of 200,000 common units and by the Selling Unitholder of
4,300,000 common units representing limited partner interests of the Partnership (collectively, the "Common Units"). The underwriters have the option to purchase up to 675,000 additional units to
cover over-allotments, if any, from the Selling Unitholder. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
refer to (a)&nbsp;the registration statement on Form&nbsp;S-3, as amended (Registration No.&nbsp;333-83952) (the "2002 Registration Statement"), and
(b)&nbsp;the registration statement on Form&nbsp;S-3 (Registration No.&nbsp;333-109732) (the "2003 Registration Statement" and, together with the 2002 Registration
Statement, the "Registration Statements"), each as filed by the Partnership with the Securities and Exchange Commission under the Securities Act of 1933,
as amended, on May&nbsp;15, 2002 and October&nbsp;16, 2003, respectively. A prospectus supplement dated December&nbsp;18, 2003 (the "Prospectus"), which together with the prospectuses filed with
the Registration Statements shall constitute part of the Prospectus, has been filed pursuant to Rule&nbsp;424(b) promulgated under the Act. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As
the basis for the opinion hereinafter expressed, we examined such statutes, including the Delaware Revised Uniform Limited Partnership Act, corporate records and documents,
certificates of corporate and public officials, and other instruments and documents as we deemed necessary or advisable for the purposes of this opinion. In such examination, we assumed the
authenticity of all documents submitted to us as originals and the conformity with the original documents of all documents submitted to us as copies. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Based
on the foregoing and on such legal considerations as we deem relevant, we are of the opinion that: </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Partnership has been duly formed and is validly existing as a limited partnership under the Delaware Revised Uniform Limited Partnership Act. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Common Units, when issued and paid for under the Registration Statements, relating to the Common Units, will be duly authorized, validly issued, fully paid and
nonassessable. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
hereby consent to the reference to us under the heading "Legal Matters" in the prospectus forming a part of the Registration Statement and to the filing of this opinion as an exhibit
to the Registration Statement, but we do not thereby admit that we are within the class of persons whose consent is required under the provisions of the Securities Act or the rules and regulations of
the Securities and Exchange Commission issued thereunder. </FONT></P>

<UL>
<UL>
<UL>
<UL>
<UL>
<UL>
<UL>
<UL>
<UL>
<UL>
<UL>

<P><FONT SIZE=2>Very
truly yours,<BR>
<BR>
/s/ VINSON&nbsp;&amp; ELKINS L.L.P. </FONT></P>

</UL>
</UL>
</UL>
</UL>
</UL>
</UL>
</UL>
</UL>
</UL>
</UL>
</UL>
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<DOCUMENT>
<TYPE>EX-8.1
<SEQUENCE>5
<FILENAME>a2125332zex-8_1.htm
<DESCRIPTION>EXHIBIT 8.1
<TEXT>
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<P ALIGN="RIGHT"><FONT SIZE=2><B>Exhibit 8.1  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=1>Vinson &amp; Elkins L.L.P.<BR>
1001 Fannin, Suite 2300<BR>
Houston, Texas 77002-6760 </FONT></P>

<P><FONT SIZE=2>Magellan
Midstream Partners, L.P.<BR>
One Williams Center<BR>
Tulsa, Oklahoma 74121 </FONT></P>

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<TD WIDTH="5%"><FONT SIZE=2>RE:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="94%"><FONT SIZE=2>MAGELLAN MIDSTREAM PARTNERS, L.P. REGISTRATION STATEMENT ON FORM&nbsp;S-3</FONT></TD>
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<P><FONT SIZE=2>Ladies
and Gentlemen: </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
have acted as counsel for Magellan Midstream Partners, L.P., a Delaware limited partnership (the "Partnership"), with respect to certain legal matters in connection with
(i)&nbsp;the offer and sale by the Partnership of units representing limited partner interests (the "Common Units") in the Partnership and (ii)&nbsp;the offer and sale by a selling unitholder of
Common Units in the Partnership. We have also participated in the preparation of a Prospectus Supplement dated December&nbsp;18, 2003 ("Prospectus Supplement") and the Prospectuses (the
"Prospectuses") forming part of the Registration Statements on Forms S-3 (Registration No.&nbsp;333-83952 and Registration No.&nbsp;333-109732) (the
"Registration Statements") to which this opinion is an exhibit. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
connection therewith, we prepared the discussion set forth under the captions "Material Tax Consequences" in the Prospectuses and "Tax Considerations" in the Prospectus Supplement
(together,
the "Discussion"). Capitalized terms not defined herein shall have the meanings ascribed to them in the Prospectuses. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All
statements of legal conclusions contained in the Discussion, unless otherwise noted, are our opinion with respect to the matters set forth therein (i)&nbsp;as of the effective date
of the Prospectuses in respect of the discussion set forth under the captions "Material Tax Consequences" and (ii)&nbsp;as of the date of the Prospectus Supplement in respect of the discussion set
forth under the caption "Tax Consideration." In addition, we are of the opinion that the federal income tax discussion in the Prospectuses and the Prospectus Supplement with respect to those matters
as to which no legal conclusions are provided is an accurate discussion of such federal income tax matters (except for the representations and statements of fact of the Partnership and its general
partner, included in such discussion, as to which we express no opinion). The reference to statements made in the Prospectus Supplement under the caption "Tax Considerations" is qualified by the
limitations in our opinion described in the Prospectuses under the caption "Material Tax Consequences." </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
hereby consent to the filing of this opinion as an exhibit to the Registration Statements and to the use of our name in the Registration Statements. This consent does not constitute
an admission that we are "experts" within the meaning of such term as used in the Securities Act of 1933, as amended. </FONT></P>

<UL>
<UL>
<UL>
<UL>
<UL>
<UL>
<UL>
<UL>
<UL>
<UL>
<UL>

<P><FONT SIZE=2>Very
truly yours,<BR>
<BR>
/s/ VINSON&nbsp;&amp; ELKINS L.L.P.<BR>
<BR>
VINSON&nbsp;&amp; ELKINS L.L.P. </FONT></P>

</UL>
</UL>
</UL>
</UL>
</UL>
</UL>
</UL>
</UL>
</UL>
</UL>
</UL>
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<TYPE>EX-99.1
<SEQUENCE>6
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<DESCRIPTION>EXHIBIT 99.1
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<TD WIDTH="49%" VALIGN="TOP"><FONT SIZE=3><B>NewsRelease</B></FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
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<TD WIDTH="49%" VALIGN="TOP"><BR><FONT SIZE=2><B>NYSE: MMP</B></FONT></TD>
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<TD WIDTH="10%"><FONT SIZE=2><B>Date:</B></FONT></TD>
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<TD WIDTH="43%"><FONT SIZE=2>Dec.&nbsp;19, 2003</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="43%"><FONT SIZE=2>&nbsp;</FONT></TD>
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<TD WIDTH="10%"><BR><FONT SIZE=2><B>Contact:</B></FONT></TD>
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<TD WIDTH="43%"><BR><FONT SIZE=2>Paula Farrell<BR>
(918) 573-9233<BR></FONT> <FONT SIZE=2><I>paula.farrell@magellanlp.com</I></FONT></TD>
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<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="mm1493_magellan_midstream_partners_prices_equity_offering"> </A>
<A NAME="toc_mm1493_1"> </A>
<BR></FONT><FONT SIZE=2><B>Magellan Midstream Partners Prices Equity Offering    <BR>    </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TULSA, Okla.&#151;Magellan Midstream Partners,&nbsp;L.P. (NYSE:&nbsp;MMP) announced today that it has priced a public offering of 200,000 common units
representing limited partner interests at $50.00&nbsp;per unit. The net proceeds from this offering of approximately $9.5&nbsp;million will be used by the partnership for general purposes. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
addition, Magellan Midstream Holdings,&nbsp;L.P., the owner of the partnership's general partner interest and majority owner of the partnership's common units, also priced
4.3&nbsp;million of its partnership common unit investment for sale to the public at $50.00&nbsp;per unit. The offering of common units by Magellan Midstream Holdings was increased by 500,000
units from the initial 3.8&nbsp;million units announced for sale. Following the equity transactions described above, Magellan Midstream Holdings
will continue to own approximately 38.8&nbsp;percent of the partnership, assuming the underwriters' over-allotment option is not exercised. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
sale of units by Magellan Midstream Holdings will not increase the number of partnership units outstanding, and the partnership will not receive any of the proceeds from the sale of
Magellan Midstream Holdings' common unit interest. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
offerings are being led by Lehman Brothers Inc. and Citigroup Global Markets Inc. and are expected to close on Dec.&nbsp;24, 2003. The underwriters have the option to purchase up
to 645,000 additional units from Magellan Midstream Holdings to cover over-allotments, if any. </FONT></P>


<P><FONT SIZE=2><B>About Magellan Midstream Partners, L.P.  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Magellan Midstream Partners,&nbsp;L.P., formerly Williams Energy Partners&nbsp;L.P., is a publicly traded partnership formed to own, operate and acquire a
diversified portfolio of energy assets. The partnership primarily transports, stores and distributes refined petroleum products. More information is available at www.magellanlp.com. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>###
</FONT></P>

<P><FONT SIZE=2><I>Portions of this document may constitute "forward-looking statements" as defined by federal law. Although the partnership believes any such statements are based on reasonable
assumptions, there is no assurance that actual outcomes will not be materially different. Any such statements are made in reliance on the "safe harbor" protections provided under the Private
Securities Reform Act of 1995. Additional information about issues that could lead to material changes in performance is contained in the partnership's filings with the Securities and Exchange
Commission.</I></FONT></P>

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<SEQUENCE>7
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end

</TEXT>
</DOCUMENT>
</SUBMISSION>
