Contribution and Transfer Agreement (2015)Full Document 

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TABLE OF CONTENTS

ARTICLE I DEFINITIONS

2

Section 1.1

Definitions

2

Section 1.2

Construction

5

ARTICLE II CONVEYANCE AND CLOSING

5

Section 2.1

Conveyance

5

Section 2.2

Consideration

6

Section 2.3

Closing

6

ARTICLE III REPRESENTATIONS AND WARRANTIES OF ACACIA

6

Section 3.1

Organization of Acacia

6

Section 3.2

Authority and Approval

6

Section 3.3

No Conflict; Consents

7

Section 3.4

Title to Transferred Interests

7

Section 3.5

Compliance

8

Section 3.6

Litigation; Laws and Regulations

8

Section 3.7

Brokerage Arrangements

8

Section 3.8

Investment Intent

8

Section 3.9

No Other Representations or Warranties

8

ARTICLE IV REPRESENTATIONS AND WARRANTIES OF THE PARTNERSHIP

9

Section 4.1

Organization and Existence

9

Section 4.2

Authority and Approval

9

Section 4.3

No Conflict; Consents

9

Section 4.4

Delivery of Opinion

10

Section 4.5

Periodic Reports

10

Section 4.6

No Material Adverse Change

11

Section 4.7

Consideration Units

11

Section 4.8

Brokerage Arrangements

12

Section 4.9

Litigation

12

Section 4.10

Investment Intent

12

Section 4.11

No Other Representations or Warranties

12

ARTICLE V TAX MATTERS

13

Section 5.1

Transfer Taxes

13

Section 5.2

Tax Treatment

13

ARTICLE VI INDEMNIFICATION

13

Section 6.1

Indemnification of the Partnership

13

Section 6.2

Indemnification of Acacia

13

Section 6.3

Survival

14

Section 6.4

Demands

14

Section 6.5

Right to Contest and Defend

15

Section 6.6

Cooperation

16

Section 6.7

Right to Participate

16

Section 6.8

Payment of Damages

16

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Table of Contents
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Section 6.9

Direct Claim

16

Section 6.10

Limitations on Indemnification

17

Section 6.11

Sole Remedy

17

ARTICLE VII MISCELLANEOUS

17

Section 7.1

Acknowledgements

17

Section 7.2

Cooperation; Further Assurances

18

Section 7.3

Expenses

18

Section 7.4

Notices

18

Section 7.5

Governing Law

19

Section 7.6

Public Statements

20

Section 7.7

Entire Agreement; Amendments and Waivers

20

Section 7.8

Action by the Partnership

20

Section 7.9

Conflicting Provisions

20

Section 7.10

Binding Effect and Assignment

20

Section 7.11

Severability

21

Section 7.12

Interpretation

21

Section 7.13

Headings

21

Section 7.14

Multiple Counterparts

21

EXHIBITS

Exhibit A

-

Form of Assignment Agreement

Exhibit B

-

Form of Partnership Agreement Amendment

APPENDICES

Appendix A

-

The Partnership and Acacia Designated Personnel

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CONTRIBUTION AND TRANSFER AGREEMENT

This Contribution and Transfer Agreement (this "Agreement") is made and effective as of May 27, 2015, by and among Acacia Natural Gas Corp I, Inc., a Delaware corporation ("Acacia"), and EnLink Midstream Partners, LP, a Delaware limited partnership (the "Partnership").  Capitalized terms used herein without definition have the respective meanings set forth in Section 1.1.

RECITALS

WHEREAS, Acacia and EnLink Midstream Operating, LP, a Delaware limited partnership and a wholly-owned subsidiary of the Partnership ("Operating"), are the sole limited partners of EnLink Midstream Holdings, LP, a Delaware limited partnership ("Holdings");

WHEREAS, the general partner of Holdings is a wholly-owned subsidiary of Operating;

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