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SEC Filings
8-K
ENLINK MIDSTREAM PARTNERS, LP filed this Form 8-K on 02/04/2019
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Exhibit 10.1

 

Execution Version

 

CONTRIBUTION AGREEMENT

 

This CONTRIBUTION AGREEMENT (this “Agreement”), is made and entered into as of January 31, 2019, by and between EnLink Midstream, LLC, a Delaware limited liability Company (“ENLC”), and EnLink Midstream Partners, LP, a Delaware limited partnership and a subsidiary of ENLC (“ENLK”). ENLC and ENLK are referred to herein collectively as the “Parties” and each individually as a “Party.”  Capitalized terms used but not defined herein have the meaning given them in the First Amended and Restated Agreement of Limited Partnership (the “EOGP Partnership Agreement”) of EnLink Oklahoma Gas Processing, LP, a Delaware limited partnership (“EOGP”).

 

RECITALS:

 

WHEREAS, ENLC (as successor to EnLink Midstream, Inc.) owns limited partnership interests in EOGP (“EOGP Interests”) with an associated Percentage Interest of 16.129% (the “Contributed Interests”);

 

WHEREAS, ENLC owns 100% of the common units representing limited partnership interests in ENLK (the “ENLK Common Units”);

 

WHEREAS, EnLink Midstream Operating, LP, a Delaware limited partnership and a wholly-owned subsidiary of ENLK (the “EnLink Midstream Operating”), owns the remaining EOGP Interests with an associated Percentage Interest of 83.871%;

 

WHEREAS, ENLC desires to contribute to ENLK and ENLK desires to contribute to EnLink Midstream Operating all of the Contributed Interests;

 

WHEREAS, in order to efficiently implement the transactions described in the preceding recital, the Parties have agreed that ENLC shall, at the direction of ENLK, contribute all of the Contributed Interests directly to EnLink Midstream Operating (such contribution, the “Contribution”);

 

WHEREAS, in consideration for the Contribution, ENLK desires to issue to ENLC (the “Issuance” and, together with the Contribution, the “Transactions”) 55,827,221 ENLK Common Units (the “Consideration Units”); and

 

WHEREAS, the Parties desire to effect the Transactions on the terms and subject to the conditions set forth in this Agreement.

 

NOW, THEREFORE, in consideration of the promises and the mutual covenants and agreements herein contained, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound hereby, the Parties hereby agree as follows:

 


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