Joinder Agreement, dated as of March 18, 2019, by and between EQM Midstream Partners, LP and MTP Energy Opportunities Fund II LLC
Exhibit 10.4
Joinder Agreement
This Joinder Agreement is executed by the undersigned pursuant to the Convertible Preferred Unit Purchase Agreement, dated as of March 13, 2019 (the Agreement), by and among EQM Midstream Partners, LP, a Delaware limited partnership (the Partnership), and the purchasers party thereto, which is incorporated herein by reference. Capitalized terms used but not defined herein shall have the meaning given to such terms in the Agreement.
By the execution of this Joinder Agreement, the undersigned agrees as follows:
1. On March 13, 2019, the undersigned agreed to purchase 2,242,413 Series A Preferred Units (the Initial Units), subject to the terms and conditions of the Agreement (including the Schedules and Exhibits thereto).
2. The undersigned hereby agrees to acquire an additional 156,277 Series A Preferred Units at the Closing (the Incremental Units), on the same terms and conditions as the Initial Units; provided, however, that the undersigned will not be entitled to receive the Structuring Fee with respect to the incremental Funding Obligation attributable to the Incremental Units (but, for the avoidance of doubt, will be entitled to receive the Transaction Fee with respect to such incremental Funding Obligation).
3. The Partnership hereby acknowledges and agrees that the undersigned shall be deemed a Lead Purchaser under the Agreement with respect to the Incremental Units.
EXECUTED AND DATED as of this 18th day of March, 2019.
| EQM MIDSTREAM PARTNERS, LP | |
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| By: EQGP Services, LLC, its general partner | |
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| By: | /s/ Kirk R. Oliver |
| Name: | Kirk R. Oliver |
| Title: | Senior Vice President and Chief Financial Officer |
Signature Page to Joinder Agreement to Convertible Preferred Unit Purchase Agreement
| MTP ENERGY OPPORTUNITIES FUND II LLC | |
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| By: | MTP Energy Management LLC, |
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| its managing member |
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| By: | Magnetar Financial LLC, |
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| its sole member |
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| By: | /s/ Karl Wachter |
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| Name: Karl Wachter |
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| Title: General Counsel |
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| Notice Address: | |
| c/o Magnetar Financial LLC | |
| 1603 Orrington Ave., 13th Floor | |
| Evanston, IL 60201 |
Signature Page to Joinder Agreement to Convertible Preferred Unit Purchase Agreement