Initial Public Offering (IPO): Pre-Effective Amendment to Registration Statement (General Form) — Form S-1 Filing Table of Contents
Document/ExhibitDescriptionPagesSize
1: S-1/A Amendment No.3 to Form S-1 - Registration No. HTML 2.38M
333-138371
15: CORRESP ¶ Comment-Response or Other Letter to the SEC HTML 18K
2: EX-1.1 Form of Underwriting Agreement HTML 224K
3: EX-3.6 Amended Limited Liability Company Agreement HTML 135K
4: EX-5.1 Opinion of Andrews Kurth LLP HTML 10K
5: EX-8.1 Opinion of Andrews Kurth LLP HTML 11K
6: EX-10.1 Form of Contribution, Conveyance and Assumption HTML 53K
Agreement
9: EX-10.13 Form of Amended Limited Liability Company HTML 172K
Agreement
10: EX-10.15 Form of Amended Limited Liability Company HTML 156K
Agreement
11: EX-10.18 Form of Fourth Amended Administrative Services HTML 105K
Agreement
12: EX-10.19 Form of Omnibus Agreement HTML 66K
7: EX-10.8 Form of Contribution, Conveyance and Assumption HTML 70K
Agreement
8: EX-10.9 Form of Contribution, Conveyance and Assumption HTML 59K Agreement
13: EX-21.1 List of Subsidiaries HTML 15K
14: EX-23.1 Consent of Deloitte & Touche LLP HTML 9K
‘EX-10.9’ — Form of Contribution, Conveyance and Assumption Agreement
THIS CONTRIBUTION, CONVEYANCE AND ASSUMPTION AGREEMENT, dated as of ___, 2006 (this
“Agreement”), is entered into by and among ENTERPRISE PRODUCTS OPERATING L.P., a Delaware
limited partnership (“EPOLP”), ENTERPRISE GC, L.P., a Delaware limited partnership (“Enterprise
GC”), ENTERPRISE HOLDING III, L.L.C., a Delaware limited liability company (“Holding III”),
ENTERPRISE GTM HOLDINGS L.P., a Delaware limited partnership (“GTM Holdings”), ENTERPRISE GTMGP,
LLC, a Delaware limited liability company (“GTMGP”), ENTERPRISE PRODUCTS GTM, LLC, a Delaware
limited liability company (“GTM”) and SOUTH TEXAS NGL PIPELINES, LLC, a Delaware limited liability
company (“STXNGL”). The foregoing shall be referred to individually as a
“Party” and collectively as the “Parties.” Certain capitalized terms used are
defined in Article I hereof.
RECITALS
1.
WHEREAS, EPOLP entered into a Purchase and Sale Agreement (the “Purchase
Agreement”) with ExxonMobil Pipeline Company, a Delaware corporation (“EMPCO”) for the
acquisition of certain pipeline assets;
2.
WHEREAS, EPOLP assigned its rights as buyer under the Purchase Agreement to
Enterprise GC;
3.
WHEREAS, EMPCO conveyed and assigned certain of the South Texas Assets (as
herein defined) to Enterprise GC pursuant to the Purchase Agreement;
4.
WHEREAS, EPOLP formed STX NGL pursuant to the Delaware Limited Liability
Company Act (the “Delaware LLC Act”) and contributed $1,000 in exchange for all of the
membership interests in STX NGL;
5.
WHEREAS, Enterprise GC will convey the South Texas Assets (as defined herein)
to STX NGL as a capital contribution with STX NGL assuming the South Texas Asset
Liabilities (as defined herein);
6.
WHEREAS, Enterprise GC will distribute its membership interests in STX NGL 1%
to Holding III (Holding III in turn distributes such membership interests to GTM
Holdings) and 99% to GTM Holdings;
7.
WHEREAS, GTM Holdings will distribute its membership interests in STX NGL 1% to
GTMGP (GTMGP in turn distributes such membership interests to GTM and GTM in turn
distributes such membership interests to EPOLP) and 99% to EPOLP; and
8.
WHEREAS, after giving effect to and as a result of the foregoing transactions,
EPOLP will remain the sole member of STX NGL.
NOW, THEREFORE, in consideration of their mutual undertakings and agreements hereunder, the
Parties undertake and agree as follows:
ARTICLE I
DEFINITIONS; RECORDATION
1.1 Definitions. The following capitalized terms have the meanings given below.
“Agreement” has the meaning assigned to such term in the first paragraph of this
Agreement.
“Delaware LLC Act” has the meaning assigned to such term in the first recital of this
Agreement.
“Effective Date” means , 2007.
“Effective Time” means the time when the transactions contemplated by Article
II hereof have been consummated.
“Enterprise GC” has the meaning assigned to such term in the first paragraph of this
Agreement.
“EPOLP” has the meaning assigned to such term in the first paragraph of this
Agreement.
“Excluded Assets” has the meaning assigned to such term in Section 2.2.
“Excluded Liabilities” has the meaning assigned to such term in Section 3.2.
“GTM” has the meaning assigned to such term in the first paragraph of this Agreement.
“GTMGP” has the meaning assigned to such term in the first paragraph of this
Agreement.
“GTM Holdings” has the meaning assigned to such term in the first paragraph of this
Agreement.
“Holding III” has the meaning assigned to such term in the first paragraph of this
Agreement.
“Laws” means any and all laws, statutes, ordinances, rules or regulations promulgated
by a governmental authority, orders of a governmental authority, judicial decisions, decisions of
arbitrators or determinations of any governmental authority or court.
“Party and Parties” have the meanings assigned to such terms in the first paragraph of
this Agreement.
“Registration Statement” means the registration statement on Form S-1 (File No.
333-138371) filed by Duncan Energy Partners L.P.
“Restriction” has the meaning assigned to such term in Section 7.2.
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“Restriction Asset” has the meaning assigned to such term in Section 7.2.
“South Texas Assets” has the meaning assigned to such term in Section 2.1.
“South Texas Asset Liabilities” shall mean all liabilities and obligations relating to
the South Texas Assets. The South Texas Asset Liabilities shall not include the Excluded
Liabilities.
“Specific Conveyances” has the meaning assigned to such term in Section 2.3.
“STX NGL” has the meaning assigned to such term in the first paragraph of this
Agreement.
1.2 Schedules. The following schedules are attached hereto:
(a)
Schedule 2.1 — List of South Texas Assets
(b)
Schedule 2.2 — List of Excluded Assets
ARTICLE II
THE CONVEYANCE
2.1 Contribution and Conveyance of the South Texas Assets by Enterprise GC to STX NGL. Enterprise GC hereby grants, contributes, transfers, assigns and conveys to STX NGL, its
successor and assigns, for its and their own use forever, all of its right, title and interest in
and to all of the assets described on Schedule 2.1 (the “South Texas Assets”), and
STX NGL hereby accepts the South Texas Assets, as a contribution to the capital of STX NGL in
exchange for membership interests in STX NGL, subject to all matters to be contained in the
instruments of conveyance covering the South Texas Assets to evidence such contribution and
conveyance, if any. The South Texas Assets shall not include the Excluded Assets.
TO HAVE AND TO HOLD the South Texas Assets unto STX NGL, its successors and assigns, together
with all and singular the rights and appurtenances thereto in anywise belonging, subject, however,
to the terms and conditions stated in this Agreement, and in such instruments of conveyance,
forever.
2.2 Excluded Assets. Notwithstanding anything contained in Section 2.1 to the contrary, Enterprise GC
shall not grant, contribute, transfer, assign or convey to STX NGL (or cause to be granted,
contributed, transferred, assigned or conveyed), and STX NGL shall neither assume, purchase nor acquire from Enterprise GC any of the assets described on Schedule 2.2
(collectively, the “Excluded Assets”).
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2.3 Specific Conveyances. To further evidence the contributions of the South Texas Assets reflected in this
Agreement, Enterprise GC may have executed and delivered to STX NGL certain conveyance, assignment
and bill of sale instruments (the “Specific Conveyances”). The Specific Conveyances shall
evidence and perfect such contribution and conveyance made by this Agreement and shall not
constitute a second conveyance of any assets or interests therein and shall be subject to the terms
of this Agreement.
2.4 Distribution of STX NGL Interest. Enterprise GC hereby distributes, transfers and assigns all of its right, title and
interest in and to its membership interest in STX NGL to Holding III and GTM Holdings, 1% and 99%,
respectively. Holding III in turn distributes such 1% membership interest to GTM Holdings. GTM
Holdings accepts such membership interest distributed by Enterprise GC.
GTM Holdings hereby distributes, transfers and assigns all of its right, title and interest in
and to its membership interest in STX NGL to GTMGP and EPOLP, 1% and 99%, respectively. GTMGP in
turn distributes such 1% membership interest to GTM and GTM in turn distributes such membership
interests to EPOLP. EPOLP accepts such membership interests in STX NGL distributed by GTM Holdings
and GTM.
TO HAVE TO AND TO HOLD, said membership interest in STX NGL unto EPOLP, its successors and
assigns, together with all and singular the rights and appurtenances thereto in anywise belonging,
subject, however, to the terms and conditions stated in this Agreement.
ARTICLE III
ASSUMPTION OF CERTAIN LIABILITIES
3.1 Assumption of South Texas Asset Liabilities by STX NGL. In connection with the contribution by Enterprise GC of the South Texas Assets to STX NGL,
as set forth in Section 2.1 above, STX NGL hereby assumes and agrees to duly and timely
pay, perform and discharge all of the South Texas Asset Liabilities, to the full extent that
Enterprise GC has been heretofore or would have been in the future obligated to pay, perform and
discharge the South Texas Asset Liabilities were it not for such contribution and the execution and
delivery of this Agreement; provided, however, that said assumption and agreement to duly and
timely pay, perform and discharge the South Texas Asset Liabilities shall not (a) increase the
obligation of STX NGL with respect to the South Texas Asset Liabilities beyond that of Enterprise
GC, (b) waive any valid defense that was available to Enterprise GC with respect to the South Texas
Asset Liabilities or (c) enlarge any rights or remedies of any third party under any of the South
Texas Asset Liabilities. In addition, STX NGL and each of the other parties hereto hereby agree to
execute an amendment to the limited liability company agreement of STX NGL or such other agreements
as necessary to evidence the issuance of the STX NGL membership interest to Enterprise GC as
consideration for the contributions made pursuant to Section 2.1 and the distributions of such membership interests pursuant to
Section 2.2. Each of the parties hereto agree that after giving effect to and as a result
of such transactions, EPOLP will remain the sole member of STX NGL.
3.2 General Provisions Relating to Assumption of Liabilities
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(a) Notwithstanding any other provisions of this Agreement to the contrary, Enterprise GC and
STX NGL agree that STX NGL shall not be obligated to, and shall not, assume any liabilities or
obligations related to the Excluded Assets (collectively, the “Excluded Liabilities”).
(b) Notwithstanding anything to the contrary contained in this Agreement including, without
limitation, the terms and provisions of this Article III, STX NGL shall not be deemed to
have assumed, and the South Texas Assets have not been or are not being contributed subject to, any
liens or security interests securing consensual indebtedness covering any of the South Texas
Assets, and all such liens and security interests shall be deemed to be excluded from the
assumptions of liabilities made under this Article III.
ARTICLE IV
TITLE MATTERS
4.1 Encumbrances.
(a) Except to the extent provided in Section 3.2 or any other document executed in
connection with this Agreement, the contribution and conveyance (by operation of Law or otherwise)
of the South Texas Assets as reflected in this Agreement are made expressly subject to all recorded
encumbrances, agreements, defects, restrictions, and adverse claims covering the South Texas Assets
and all Laws, rules, regulations, ordinances, judgments and orders of governmental authorities or
tribunals having or asserting jurisdiction over the South Texas Assets and operations conducted
thereon or therewith, in each case to the extent the same are valid and enforceable and affect the
South Texas Assets, including, without limitation, (i) all matters that a current on the ground
survey, title insurance commitment or policy, or visual inspection of the South Texas Assets would
reflect, (ii) the applicable liabilities assumed in Article III, and (iii) all matters
contained in the Specific Conveyances.
(b) To the extent that certain jurisdictions in which the South Texas Assets are located may
require that documents be recorded in order to evidence the transfers of title reflected in this
Agreement, then the provisions set forth in Section 4.1(a) immediately above shall also be
applicable to the conveyances under such documents.
4.2 Disclaimer of Warranties; Subrogation; Waiver.
(a) EXCEPT TO THE EXTENT PROVIDED IN ANY OTHER DOCUMENT EXECUTED OR DELIVERED IN CONNECTION
WITH THIS AGREEMENT, THE PARTIES ACKNOWLEDGE AND AGREE THAT NONE OF THE PARTIES HAS MADE, DOES NOT MAKE, AND EACH
SUCH PARTY SPECIFICALLY NEGATES AND DISCLAIMS, ANY REPRESENTATIONS, WARRANTIES, PROMISES,
COVENANTS, AGREEMENTS OR GUARANTIES OF ANY KIND OR CHARACTER WHATSOEVER, WHETHER EXPRESS, IMPLIED
OR STATUTORY, ORAL OR WRITTEN, PAST OR PRESENT, REGARDING (A) THE VALUE, NATURE, QUALITY OR
CONDITION OF THE SOUTH TEXAS ASSETS INCLUDING, WITHOUT LIMITATION, THE WATER, SOIL, GEOLOGY OR
ENVIRONMENTAL CONDITION OF THE SOUTH TEXAS ASSETS GENERALLY, INCLUDING THE PRESENCE OR LACK OF
HAZARDOUS SUBSTANCES
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OR OTHER MATTERS ON THE SOUTH TEXAS ASSETS, (B) THE INCOME TO BE DERIVED FROM
THE SOUTH TEXAS ASSETS, (C) THE SUITABILITY OF THE SOUTH TEXAS ASSETS FOR ANY AND ALL ACTIVITIES
AND USES THAT MAY BE CONDUCTED THEREON, (D) THE COMPLIANCE OF OR BY THE SOUTH TEXAS ASSETS OR THEIR
OPERATION WITH ANY LAWS (INCLUDING WITHOUT LIMITATION ANY ZONING, ENVIRONMENTAL PROTECTION,
POLLUTION OR LAND USE LAWS, RULES, REGULATIONS, ORDERS OR REQUIREMENTS), OR (E) THE HABITABILITY,
MERCHANTABILITY, MARKETABILITY, PROFITABILITY OR FITNESS FOR A PARTICULAR PURPOSE OF THE SOUTH
TEXAS ASSETS. EXCEPT TO THE EXTENT PROVIDED IN ANY OTHER DOCUMENT EXECUTED OR DELIVERED IN
CONNECTION WITH THIS AGREEMENT, THE PARTIES ACKNOWLEDGE AND AGREE THAT EACH HAS HAD THE OPPORTUNITY
TO INSPECT THE SOUTH TEXAS ASSETS, AND EACH IS RELYING SOLELY ON ITS OWN INVESTIGATION OF THE SOUTH
TEXAS ASSETS AND NOT ON ANY INFORMATION PROVIDED OR TO BE PROVIDED BY ANY OF THE PARTIES. EXCEPT TO
THE EXTENT PROVIDED IN ANY OTHER DOCUMENT EXECUTED OR DELIVERED IN CONNECTION WITH THIS AGREEMENT,
NONE OF THE PARTIES IS LIABLE OR BOUND IN ANY MANNER BY ANY VERBAL OR WRITTEN STATEMENTS,
REPRESENTATIONS OR INFORMATION PERTAINING TO THE SOUTH TEXAS ASSETS FURNISHED BY ANY AGENT,
EMPLOYEE, SERVANT OR THIRD PARTY. EXCEPT TO THE EXTENT PROVIDED IN ANY OTHER DOCUMENT EXECUTED OR
DELIVERED IN CONNECTION WITH THIS AGREEMENT, EACH OF THE PARTIES ACKNOWLEDGES THAT TO THE MAXIMUM
EXTENT PERMITTED BY LAW, THE CONTRIBUTION OF THE SOUTH TEXAS ASSETS AS PROVIDED FOR HEREIN IS MADE
IN AN “AS IS,”“WHERE IS” CONDITION WITH ALL FAULTS, AND THE SOUTH TEXAS ASSETS ARE CONTRIBUTED AND
CONVEYED SUBJECT TO ALL OF THE MATTERS CONTAINED IN THIS SECTION. THIS SECTION SHALL SURVIVE SUCH
CONTRIBUTION AND CONVEYANCE OR THE TERMINATION OF THIS AGREEMENT. THE PROVISIONS OF THIS SECTION
HAVE BEEN NEGOTIATED BY THE PARTIES AFTER DUE CONSIDERATION AND ARE INTENDED TO BE A COMPLETE
EXCLUSION AND NEGATION OF ANY REPRESENTATIONS OR WARRANTIES, WHETHER EXPRESS, IMPLIED OR STATUTORY,
WITH RESPECT TO THE SOUTH TEXAS ASSETS THAT MAY ARISE PURSUANT TO ANY LAW NOW OR HEREAFTER IN
EFFECT, OR OTHERWISE, EXCEPT AS SET FORTH IN THIS AGREEMENT OR ANY OTHER DOCUMENT EXECUTED OR
DELIVERED IN CONNECTION WITH THIS AGREEMENT.
(b) To the extent that certain jurisdictions in which the South Texas Assets are located may
require that documents be recorded in order to evidence the transfers of title reflected in this
Agreement, then the disclaimers set forth in Section 4.2(a) immediately above shall also be
applicable to the conveyances under such documents.
(c) The contribution of the South Texas Assets made under this Agreement is made with full
right of substitution and subrogation of STX NGL, and all persons claiming by, through and under
STX NGL, to the extent assignable, in and to all covenants and warranties by the
predecessors-in-title of the parties contributing the South Texas Assets, and with full
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subrogation
of all rights accruing under applicable statutes of limitation and all rights of action of warranty
against all former owners of the South Texas Assets.
(d) Each of the Parties agrees that the disclaimers contained in this Section 4.2 are
“conspicuous” disclaimers. Any covenants implied by statute or Law by the use of the words
“grant,”“convey,”“bargain,”“sell,”“assign,”“transfer,”“deliver,” or “set over” or any of them
or any other words used in this Agreement or any schedules hereto are hereby expressly disclaimed,
waived or negated.
(e) Each of the Parties hereby waives compliance with any applicable bulk sales Law or any
similar Law in any applicable jurisdiction in respect of the transactions contemplated by this
Agreement.
ARTICLE V
FURTHER ASSURANCES
5.1 Further Assurances. From time to time after the date hereof, and without any further consideration, the Parties
agree to execute, acknowledge and deliver all such additional deeds, assignments, bills of sale,
conveyances, instruments, notices, releases, acquittances and other documents, and will do all such
other acts and things, all in accordance with applicable Law, as may be necessary or appropriate
(a) more fully to assure that STX NGL own all of the properties, rights, titles, interests,
estates, remedies, powers and privileges granted by this Agreement, or which are intended to be so
granted, (b) more fully and effectively to vest in STX NGL and their respective successors and
assigns beneficial and record title to the interests contributed and assigned by this Agreement or
intended so to be and (c) to more fully and effectively carry out the purposes and intent of this
Agreement.
5.2 Other Assurances. From time to time after the date hereof, and without any further consideration, each of the
Parties shall execute, acknowledge and deliver all such additional instruments, notices and other
documents, and will do all such other acts and things, all in accordance with applicable Law, as
may be necessary or appropriate to more fully and effectively carry out the purposes and intent of
this Agreement. Without limiting the generality of the foregoing, the Parties acknowledge that the
Parties have used their good faith efforts to attempt to identify all of the assets being
contributed to STX NGL as required in connection with this Agreement. However, due to the age of
some of those assets and the difficulties in locating appropriate data with respect to some of the assets it is possible that assets intended to be contributed to STX NGL
were not identified and therefore are not included in the assets contributed to STX NGL. It is the
express intent of the Parties that STX NGL own all assets necessary to operate the assets that are
identified in this Agreement and in the Registration Statement. To the extent any assets were not
identified but are necessary to the operation of assets that were identified, then the intent of
the Parties is that all such unidentified assets are intended to be conveyed to STX NGL. To the
extent such assets are identified at a later date, the Parties shall take the appropriate actions
required in order to convey all such assets to STX NGL. Likewise, to the extent that assets are
identified at a later date that were not intended by the parties to be conveyed as reflected in the
Registration Statement, the Parties shall take the appropriate actions required in order to convey
all such assets to the appropriate party.
6.1 Enterprise GC. Enterprise GC hereby constitutes and appoints STX NGL and its successors and assigns, its
true and lawful attorney-in-fact with full power of substitution for it and in its name, place and
stead or otherwise on behalf of Enterprise GC and its successors and assigns, and for the benefit
of STX NGL and its successors and assigns, to demand and receive from time to time the South Texas
Assets and to execute in the name of Enterprise GC and its successors and assigns, instruments of
conveyance, instruments of further assurance and to give receipts and releases in respect of the
same, and from time to time to institute and prosecute in the name of Enterprise GC for the benefit
of STX NGL as may be appropriate, any and all proceedings at law, in equity or otherwise which STX
NGL and its successors and assigns, may deem proper in order to (a) collect, assert or enforce any
claims, rights or titles of any kind in and to the South Texas Assets, (b) defend and compromise
any and all actions, suits or proceedings in respect of any of the South Texas Assets, and (c) do
any and all such acts and things in furtherance of this Agreement as STX NGL or its successors or
assigns shall deem advisable. Enterprise GC hereby declares that the appointments hereby made and
the powers hereby granted are coupled with an interest and are and shall be irrevocable and
perpetual and shall not be terminated by any act of Enterprise GC or its successors or assigns or
by operation of law.
ARTICLE VII
MISCELLANEOUS
7.1 Order of Completion of Transactions. The transactions provided for in Article II and Article III of this Agreement shall be
completed on the Effective Date in the following order:
First, the transactions provided for in Article II shall be completed in the order set
forth therein; and
Second, the transactions provided for in Article III shall be completed in the order
set forth therein.
7.2 Consents; Restriction on Assignment. If there are prohibitions against or conditions to the contribution and conveyance of one or
more of the South Texas Assets without the prior written consent of third parties, including,
without limitation, governmental agencies (other than consents of a ministerial nature which are
normally granted in the ordinary course of business), which if not satisfied would result in a
breach of such prohibitions or conditions or would give an outside party the right to terminate
rights of STX NGL to whom the applicable South Texas Assets were intended to be conveyed with
respect to such portion of the South Texas Assets (herein called a “Restriction”), then any
provision contained in this Agreement to the contrary notwithstanding, the transfer of title to or
interest in each such portion of the South Texas Assets (herein called the “Restriction
Asset”) pursuant to this Agreement shall not become effective unless and until such Restriction
is satisfied, waived or no longer applies. When and if such a Restriction is so satisfied, waived
or no longer applies, to the extent permitted by
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applicable Law and any applicable contractual
provisions, the assignment of the Restriction Asset subject thereto shall become effective
automatically as of the Effective Time, without further action on the part of any Party. Each of
the applicable Parties that were involved with the conveyance of a Restriction Asset agree to use
their reasonable best efforts to obtain on a timely basis satisfaction of any Restriction
applicable to any Restriction Asset conveyed by or acquired by any of them. The description of any
portion of the South Texas Assets as a “Restriction Asset” shall not be construed as an admission
that any Restriction exists with respect to the transfer of such portion of the South Texas Assets.
In the event that any Restriction Asset exists, the applicable Party agrees to continue to hold
such Restriction Asset in trust for the exclusive benefit of the applicable Party to whom such
Restriction Asset was intended to be conveyed and to otherwise use its reasonable best efforts to
provide such other Party with the benefits thereof, and the party holding such Restriction Asset
will enter into other agreements, or take such other action as it may deem necessary, in order to
ensure that the applicable Party to whom such Restriction Asset was intended to be conveyed has the
assets and concomitant rights necessary to enable the applicable Party to operate such Restriction
Asset in all material respects as it was operated prior to the Effective Time.
7.3 Costs. STX NGL shall pay all sales, use and similar taxes arising out of the contributions,
conveyances and deliveries to be made hereunder, and shall pay all documentary, filing, recording,
transfer, deed, and conveyance taxes and fees required in connection therewith. In addition, STX
NGL shall be responsible for all costs, liabilities and expenses (including court costs and
reasonable attorneys’ fees) incurred in connection with the satisfaction or waiver of any
Restriction pursuant to Section 7.2 to the extent such Restriction was disclosed to STX NGL
on or before the Effective Date.
7.4 Headings; References; Interpretation. All Article and Section headings in this Agreement are for convenience only and shall not be
deemed to control or affect the meaning or construction of any of the provisions hereof. The words “hereof,”“herein” and “hereunder” and words of similar import, when used in this
Agreement, shall refer to this Agreement as a whole and not to any particular provision of this
Agreement. All references herein to Articles and Sections shall, unless the context requires a
different construction, be deemed to be references to the Articles and Sections of this Agreement,
respectively, and all such Schedules attached hereto are hereby incorporated herein and made a part
hereof for all purposes. All personal pronouns used in this Agreement, whether used in the
masculine, feminine or neuter gender, shall include all other genders, and the singular shall
include the plural and vice versa. The use herein of the word “including” following any general
statement, term or matter shall not be construed to limit such statement, term or matter to the
specific items or matters set forth immediately following such word or to similar items or matters,
whether or not non-limiting language (such as “without limitation,”“but not limited to,” or words
of similar import) is used with reference thereto, but rather shall be deemed to refer to all other
items or matters that could reasonably fall within the broadest possible scope of such general
statement, term or matter.
7.5 Successors and Assigns. The Agreement shall be binding upon and inure to the benefit of the Parties hereto and their
respective successors and assigns.
7.6 No Third Party Rights. The provisions of this Agreement are intended to bind the Parties hereto as to each other
and are not intended to and do not create rights in any other person or confer upon any other
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person any benefits, rights or remedies and no person is or is intended to be a third party
beneficiary of any of the provisions of this Agreement.
7.7 Counterparts. This Agreement may be executed in any number of counterparts, all of which together shall
constitute one agreement binding on the parties hereto.
7.8 Governing Law. This Agreement shall be governed by, and construed in accordance with, the Laws of the State
of Texas applicable to contracts made and to be performed wholly within such state without giving
effect to conflict of law principles thereof, except to the extent that it is mandatory that the
Law of some other jurisdiction, wherein the interests are located, shall apply.
7.9 Severability. If any of the provisions of this Agreement are held by any court of competent jurisdiction
to contravene, or to be invalid under, the Laws of any political body having jurisdiction over the
subject matter hereof, such contravention or invalidity shall not invalidate the entire Agreement.
Instead, this Agreement shall be construed as if it did not contain the particular provision or
provisions held to be invalid, and an equitable adjustment shall be made and necessary provision
added so as to give effect to the intention of the Parties as expressed in this Agreement at the
time of execution of this Agreement.
7.10 Deed; Bill of Sale; Assignment. To the extent required and permitted by applicable Law, this Agreement shall also constitute
a “deed,”“bill of sale” or “assignment” of the South Texas Assets.
7.11 Amendment or Modification. This Agreement may be amended or modified from time to time only by the written agreement of
all the Parties hereto and affected thereby.
7.12 Integration. This Agreement and the instruments referenced herein supersede all previous understandings
or agreements among the Parties, whether oral or written, with respect to its subject matter. This
Agreement and such instruments contain the entire understanding of the Parties with respect to the
subject matter hereof and thereof. No understanding, representation, promise or agreement, whether
oral or written, is intended to be or shall be included in or form part of this Agreement unless it
is contained in a written amendment hereto executed by the Parties hereto after the date of this
Agreement.
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IN WITNESS WHEREOF, this Agreement has been duly executed by the parties hereto as of the date
first above written.
ENTERPRISE GC, L.P.,
a Delaware limited partnership
By:
Name:
Title:
ENTERPRISE HOLDING III, L.L.C.,
a Delaware limited liability company
By:
Name:
Title:
ENTERPRISE GTM HOLDINGS L.P.,
a Delaware limited partnership
By:
Name:
Title:
ENTERPRISE GTMGP, LLC,
a Delaware limited liability company
By:
Name:
Title:
ENTERPRISE PRODUCTS GTM, LLC,
a Delaware limited liability company
By:
Name:
Title:
Signature Page to Asset Contribution Agreement
SOUTH TEXAS NGL PIPELINES, LLC,
a Delaware limited liability company
By:
Name:
Title:
ENTERPRISE PRODUCTS OPERATING L.P.,
a Delaware limited partnership
By:
Name:
Title:
Signature Page to Asset Contribution Agreement
SCHEDULE 2.1
LIST OF SOUTH TEXAS ASSETS
A. 1. Seller’s Corpus Christi to Fairmont Parkway pipeline system consisting of approximately 215
miles of 16” pipe originating near Corpus Christi, Texas and connecting to approximately 10.83
miles of 12” mainline pipe and terminating near Fairmont Parkway in Pasadena, Texas. This pipeline
system is more particularly described in Exhibit A to this Schedule 2.1.
2. Seller’s 10-mile long 18” pipeline segment commonly known as the P-61 pipeline running from
Mont Belvieu to Teppco’s Baytown terminal.
3. Seller’s 32 mile long 6” pipeline segment commonly referred to as the Helen Gohlke Pipeline
which extends from approximately 8 miles south of Seller’s Armstrong plant to within 1 mile of
Seller’s Corpus Christi to Fairmont Parkway pipeline system in Victoria County, Texas.
The pipelines listed in 1-3 above are collectively the “Pipelines”.
B. All above ground and below ground improvements necessary to operate the Pipeline, including,
without limitation, all buildings, stations, meters and regulatory equipment, valves, pumps,
motors, tanks and other personal property.
C. All real property interests, including all fee, leasehold, easements, permits, licenses,
approvals and similar rights in land, and the rights in right-of-way and Department of
Transportation permits and files used in connection with the operation of the Pipeline.
D. Every contract, agreement or other arrangement or understanding of any kind relating to the
operation of the foregoing facilities and pipelines described in this Schedule 2.1,
including, without limitation, those listed on Exhibit B to this Schedule 2.1.
Schedule 2.1
EXHIBIT “A”
To
SCHEDULE 2.1
[Schematics from Purchase Agreement, including TX-219, 219A, 219B, 215A, 215B.]
