EX-2 2 a08-7016_1ex2.htm EX-2

Exhibit 2

 

AMENDMENT NO. 4

TO

AMENDED AND RESTATED CLASS B MEMBERSHIP INTEREST CONTRIBUTION
AGREEMENT

 

This Amendment No. 4 to the Amended and Restated Class B Membership Interest Contribution Agreement dated as of October 26, 2007 (this “Amendment No. 4”) is dated effective February 19, 2008, and is by and between MarkWest Energy Partners, L.P. (“Buyer”), Frank M. Semple (“Semple”), John M. Fox (“Fox”), John C. Mollenkopf (“Mollenkopf”), Randy S. Nickerson (“Nickerson”), Kevin Kubat (“Kubat”), Jan Kindrick (“Kindrick”), and Nancy K. Buese (“Buese”).

 

RECITALS

 

A.            Semple, Fox, Mollenkopf, Nickerson, Kubat, Kindrick, and Buese, among others, are parties-Sellers under that certain Amended and Restated Class B Membership Interest Contribution Agreement dated as of October 26, 2007, entered into with Buyer (the “Agreement”).

 

B.            Pursuant to Section 8.2 of the Agreement, upon the request of any two or more Sellers, the Buyer shall amend the Agreement solely for the purpose of changing the amount of cash to be paid and/or the number of Common Units to be issued to one or more of the Sellers, as reflected in Schedule 2.1 attached to the Agreement, as the requesting Sellers may request in writing; provided that any such changes do not increase the total amount of cash to be paid and/or total number of Common Units to be issued, by the Buyer pursuant to Section 2.1 of the Agreement.

 

C.            Pursuant to Section 8.2 of the Agreement, on November 13, 2007, all the Sellers and Buyer agreed to an amended Schedule 2.1 to the Agreement (“Amendment No.1” – a copy of which is attached hereto as “Exhibit A”).  On November 15, 2007, John C. Mollenkopf and Denney & Denney Capital, LLLP, each Sellers under the Agreement, agreed with Buyer to an amended Schedule 2.1 to the Agreement (“Amendment No.2” – a copy of the amended Schedule 2.1 reflecting the changes as it pertained to such Sellers is attached hereto as “Exhibit B”).  On February 14, 2008, Semple, Mollenkopf, Nickerson, Kubat, and Kindrick, each Sellers under the Agreement, agreed with Buyer to an amended Schedule 2.1 to the Agreement (“Amendment No.3” – a copy of the amended Schedule 2.1 reflecting the changes as it pertained to such Sellers is attached hereto as “Exhibit C”).

 

D.            Pursuant to Section 8.2 of the Agreement, Semple, Fox, Mollenkopf, Nickerson, Kubat, Kindrick, and Buese, each desire to change the allocation of cash and Common Units to be paid to each of them pursuant to the Agreement from the respective amounts set forth in the

 



 

Schedule 2.1 to the Agreement, as amended on November 13, 2007, November 15, 2007, and February 14, 2008, as referenced above.

 

NOW, THEREFORE, in consideration of the mutual covenants and agreements contained herein and in the Agreement, Semple, Fox, Mollenkopf, Nickerson, Kubat, Kindrick, and Buese, and Buyer hereby agree to amend the Agreement, as between them, as follows:

 

1.             With respect to Semple, Fox, Mollenkopf, Nickerson, Kubat, Kindrick, and Buese, Schedule 2.1 to the Agreement, as amended on November 13, 2007, November 15, 2007, and February 14, 2008, is hereby amended by this Amendment No. 4, to read as follows:

 

Holder

 

Class B
Membership
Interest

 

Cash to be received
pursuant to
Section 2.1(a)

 

Common Units to
be received
pursuant to
Section 2.1(b)

 

Aggregate Value
of Consideration

 

Frank M. Semple

 

2.0

%

$

4,080,977

 

183,717

 

$

10,202,427

 

John M. Fox

 

1.6

%

$

1,500,022

 

199,938

 

$

8,161,956

 

John C. Mollenkopf

 

1.6

%

$

4,493,391

 

110,101

 

$

8,161,956

 

Randy N. Nickerson

 

1.6

%

$

4,493,391

 

110,101

 

$

8,161,956

 

Kevin Kubat

 

0.2

%

$

561,669

 

13,763

 

$

1,020,252

 

Jan Kindrick

 

0.2

%

$

561,669

 

13,763

 

$

1,020,252

 

Nancy K. Buese

 

0.2

%

$

508,058

 

15,372

 

$

1,020,253

 

 

2.             An amended Schedule 2.1 reflecting this Amendment No. 4 changes as it pertains to such Sellers is attached hereto as “Exhibit D.”  Buyer acknowledges that such changes do not increase the total amount of cash to be paid and/or total number of Common Units to be issued, by the Buyer.

 

3.             This Amendment No. 4 pertains to and only affects the respective rights and obligations as between Buyer and Semple, Fox, Mollenkopf, Nickerson, Kubat, Kindrick, and Buese, and does not affect any of the other Sellers to the Agreement.

 

4.             As amended by Amendments Nos. 1, 2, and 3, and as amended herein, all terms and provisions of the Agreement with respect to Buyer, Semple, Fox, Mollenkopf, Nickerson, Kubat, Kindrick, and Buese, remain in full force and effect.

 

2



 

IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 4 to be signed by their respective officers hereunto duly authorized, all as of the date first written above.

 

 

MARKWEST ENERGY PARTNERS, L.P.

 

 

By: MarkWest Energy GP, L.L.C.,

 

 

its general partner

 

 

 

By:

/s/ Andrew L. Schroeder

 

 

 

Name:

Andrew L. Schroeder

 

 

 

Title:

Vice President and Treasurer

 

3



 

 

/s/ Fran M. Semple

 

Frank M. Semple

 

4



 

 

/s/ John M. Fox

 

John M. Fox

 

5



 

 

/s/ John C. Mollenkopf

 

John C. Mollenkopf

 

6



 

 

/s/ Randy S. Nickerson

 

Randy S. Nickerson

 

7



 

 

/s/ Kevin Kubat

 

Kevin Kubat

 

8



 

 

/s/ Jan Kindrick

 

Jan Kindrick

 

 

 

 

 

I, the spouse of Jan Kindrick, have read and hereby approve the foregoing Amendment No. 4 to the Agreement. In consideration of Buyer granting my spouse the right to transfer and convey his Class B Membership Interest to Buyer on the terms and for the consideration set forth in the Agreement, I hereby agree to be bound irrevocably by Amendment No. 4 to the Agreement and further agree that any community property or similar interest that I may have in the Class B Membership Interest transferred and conveyed or the consideration received shall hereby be similarly bound. I hereby appoint my spouse as my attorney-in-fact with respect to any amendment or exercise of any right under the Agreement, as amended.

 

 

 

 

 

/s/ Cindy Kindrick

 

Cindy Kindrick

 

9



 

 

/s/ Nancy K. Buese

 

Nancy K. Buese

 

10



 

Exhibit A

 

Amendment No. 1

 

to

 

Schedule 2.1

 

Holder

 

Class B
Membership
Interest

 

Cash to be received
pursuant to
Section 2.1(a)

 

Common Units to
be received
pursuant to
Section 2.1(b)

 

Aggregate Value
of Consideration

 

Frank M. Semple

 

2.00

%

$

4,080,977

 

183,717

 

$

10,202,443.11

 

John M. Fox

 

1.60

%

$

3,264,782

 

146,974

 

$

8,161,954.49

 

Randy S. Nickerson

 

1.60

%

$

3,264,782

 

146,974

 

$

8,161,954.49

 

John C. Mollenkopf

 

1.60

%

$

3,264,782

 

146,974

 

$

8,161,954.49

 

Denney & Denney Capital, LLLP

 

1.60

%

$

3,264,782

 

146,974

 

$

8,161,954.49

 

Donald C. Heppermann

 

1.00

%

$

2,040,489

 

91,859

 

$

5,101,221.55

 

Andrew L. Schroeder

 

0.20

%

$

408,098

 

18,372

 

$

1,020,244.31

 

Jan Kindrick

 

0.20

%

$

408,098

 

18,372

 

$

1,020,244.31

 

Kevin Kubat

 

0.20

%

$

408,098

 

18,372

 

$

1,020,244.31

 

Nancy K. Buese

 

0.20

%

$

408,098

 

18,372

 

$

1,020,244.31

 

C. Corwin Bromley

 

0.10

%

$

204,011

 

9,186

 

$

510,122.16

 

TOTAL

 

10.30

%

$

21,016,996

 

946,146

 

$

52,542,582.02

 

 

11



 

Exhibit B

 

Amendment No. 2

 

to

 

Schedule 2.1

 

Holder

 

Class B
Membership
Interest

 

Cash to be received
pursuant to
Section 2.1(a)

 

Common Units to
be received
pursuant to
Section 2.1(b)

 

Aggregate Value
of Consideration

 

Frank M. Semple

 

2.0

%

$

4,080,977

 

183,717

 

$

10,202,443

 

John M. Fox

 

1.60

%

$

3,264,782

 

146,974

 

$

8,161,954

 

Randy N. Nickerson

 

1.60

%

$

3,264,782

 

146,974

 

$

8,161,954

 

John C. Mollenkopf

 

1.60

%

$

4,364,342

 

113,974

 

$

8,161,954

 

Denney & Denney Capital, LLLP

 

1.60

%

$

2,165,222

 

179,974

 

$

8,161,954

 

Donald C. Heppermann

 

1.0

%

$

2,040,489

 

91,859

 

$

5,101,222

 

Andrew L. Schroeder

 

0.2

%

$

408,098

 

18,372

 

$

1,020,244

 

Jan Kindrick

 

0.2

%

$

408,098

 

18,372

 

$

1,020,244

 

Kevin Kubat

 

0.2

%

$

408,098

 

18,372

 

$

1,020,244

 

Nancy K. Buese

 

0.2

%

$

408,098

 

18,372

 

$

1,020,244

 

C. Corwin Bromley

 

0.1

%

$

204,011

 

9,186

 

$

510,122

 

TOTAL

 

10.30

%

$

21,016,996

 

946,146

 

$

52,542,582

 

 

12



 

Exhibit C

 

Amendment No. 3

 

to

 

Schedule 2.1

 

Holder

 

Class B
Membership
Interest

 

Cash to be received
pursuant to
Section 2.1(a)

 

Common Units to
be received
pursuant to
Section 2.1(b)

 

Aggregate Value
of Consideration

 

Frank M. Semple

 

2.0

%

$

2,550,589

 

229,647

 

$

10,202,443

 

John M. Fox

 

1.60

%

$

3,264,782

 

146,974

 

$

8,161,954

 

Randy S. Nickerson

 

1.60

%

$

4,433,648

 

111,894

 

$

8,161,954

 

John C. Mollenkopf

 

1.60

%

$

4,433,648

 

111,894

 

$

8,161,954

 

Denney & Denney Capital, LLLP

 

1.60

%

$

2,165,222

 

179,974

 

$

8,161,954

 

Donald C. Heppermann

 

1.0

%

$

2,040,489

 

91,859

 

$

5,101,222

 

Andrew L. Schroeder

 

0.2

%

$

408,098

 

18,372

 

$

1,020,244

 

Jan Kindrick

 

0.2

%

$

554,206

 

13,987

 

$

1,020,244

 

Kevin Kubat

 

0.2

%

$

554,206

 

13,987

 

$

1,020,244

 

Nancy K. Buese

 

0.2

%

$

408,098

 

18,372

 

$

1,020,244

 

C. Corwin Bromley

 

0.1

%

$

204,011

 

9,186

 

$

510,122

 

TOTAL

 

10.30

%

$

21,016,996

 

946,146

 

$

52,542,582

 

 

13



 

Exhibit D

 

Cumulative of Amendments through

 

Amendment No. 4

 

to

 

Schedule 2.1

 

Holder

 

Class B
Membership
Interest

 

Cash to be
received pursuant
to
Section 2.1(a)

 

Common Units
to be received
pursuant to
Section 2.1(a)

 

Aggregate Value
of Consideration

 

Frank M. Semple

 

2.0

%

$

4,080,977

 

183,717

 

$

10,202,427

 

John M. Fox

 

1.6

%

$

1,500,022

 

199,938

 

$

8,161,956

 

Randy N. Nickerson

 

1.6

%

$

4,493,391

 

110,101

 

$

8,161,956

 

John C. Mollenkopf

 

1.6

%

$

4,493,391

 

110,101

 

$

8,161,956

 

Denney & Denney Capital, LLLP

 

1.6

%

$

2,165,222

 

179,974

 

$

8,161,956

 

Donald C. Heppermann

 

1.0

%

$

2,040,489

 

91,859

 

$

5,101,231

 

Andrew L. Schroeder

 

0.2

%

$

408,098

 

18,372

 

$

1,020,253

 

Jan Kindrick

 

0.2

%

$

561,669

 

13,763

 

$

1,020,252

 

Kevin Kubat

 

0.2

%

$

561,669

 

13,763

 

$

1,020,252

 

Nancy K. Buese

 

0.2

%

$

508,058

 

15,372

 

$

1,020,253

 

C. Corwin Bromley

 

0.1

%

$

204,010

 

9,186

 

$

510,088

 

TOTAL

 

10.3

%

$

21,016,996

 

946,146

 

$

52,542,581

 

 

14