Exhibit 4.7
Specimen Unit Certificate
Evidencing Common Units
Representing Limited Partner Interests in
Crosstex Energy, L.P.
No.                                                                                     Common Units
In accordance with Section 4.1 of the Fourth Amended and Restated Agreement of Limited Partnership of Crosstex Energy, L.P., as amended, supplemented or restated from time to time (the “Partnership Agreement”), Crosstex Energy, L.P., a Delaware limited partnership (the “Partnership”), hereby certifies that                                          (the “Holder”) is the registered owner of Common Units representing limited partner interests in the Partnership (the “Common Units”) transferable on the books of the Partnership, in person or by duly authorized attorney, upon surrender of this Certificate properly endorsed and accompanied by a properly executed application for transfer of the Common Units represented by this Certificate. The rights, preferences and limitations of the Common Units are set forth in, and this Certificate and the Common Units represented hereby are issued and shall in all respects be subject to the terms and provisions of, the Partnership Agreement. Copies of the Partnership Agreement are on file at, and will be furnished without charge on delivery of written request to the Partnership at, the principal office of the Partnership located at 2501 Cedar Springs, Suite 100, Dallas, Texas 75201. Capitalized terms used herein but not defined shall have the meanings given them in the Partnership Agreement.
The Holder, by accepting this Certificate, is deemed to have (i) requested admission as, and agreed to become, a Limited Partner and to have agreed to comply with and be bound by and to have executed the Partnership Agreement, (ii) represented and warranted that the Holder has all right, power and authority and, if an individual, the capacity necessary to enter into the Partnership Agreement, (iii) granted the powers of attorney provided for in the Partnership Agreement and (iv) made the waivers and given the consents and approvals contained in the Partnership Agreement.
This Certificate shall not be valid for any purpose unless it has been countersigned and registered by the Transfer Agent and Registrar.
                 
Dated:       Crosstex Energy, L.P.
   
 
           
   
 
           
   
 
           
Countersigned and Registered by:   By:   Crosstex Energy GP, L.P.,
            its General Partner
   
 
      By:   Crosstex Energy GP, LLC, its general partner
   
 
           
   
 
           
   
 
  By:        
         
as Transfer Agent and Registrar   Name:        
             
By:  
 
  By:        
             
   
Authorized Signature
          Secretary

 


 

[Reverse of Certificate]
ABBREVIATIONS
The following abbreviations, when used in the inscription on the face of this Certificate, shall be construed as follows according to applicable laws or regulations:
                     
TEN COM -   as tenants in common       UNIF GIFT/TRANSFERS MIN ACT
TEN ENT -  
as tenants by the entireties
          Custodian    
   
 
               
   
 
      (Cust)       (Minor)
JT TEN -   as joint tenants with right of       under Uniform Gifts/Transfers to CD
    survivorship and not as   Minors Act (State)    
   
tenants in common
               
Additional abbreviations, though not in the above list, may also be used.
ASSIGNMENT OF COMMON UNITS
in
CROSSTEX ENERGY, L.P.
FOR VALUE RECEIVED,                                              hereby assigns, conveys, sells and transfers unto                                            
     
 
   
(Please print or typewrite name
  (Please insert Social Security or other
and address of Assignee)
  identifying number of Assignee)
                                              Common Units representing limited partner interests evidenced by this Certificate, subject to the Partnership Agreement, and does hereby irrevocably constitute and appoint                                          as its attorney-in-fact with full power of substitution to transfer the same on the books of Crosstex Energy, L.P.
             
Date:
      NOTE:   The signature to any endorsement hereon must correspond with the name
 
 
 
      as written upon the face of this Certificate in every particular, without alteration, enlargement or change.
THE SIGNATURE(S) MUST BE        
GUARANTEED BY AN ELIGIBLE GUARANTOR        
 
           
INSTITUTION (BANKS, STOCKBROKERS,       (Signature)
SAVINGS AND LOAN ASSOCIATIONS AND        
 
           
CREDIT UNIONS WITH MEMBERSHIP IN AN       (Signature)
APPROVED SIGNATURE GUARANTEE        
MEDALLION PROGRAM), PURSUANT TO        
S.E.C. RULE 17d-15        
_____________________________        
No transfer of the Common Units evidenced hereby will be registered on the books of the Partnership, unless the Certificate evidencing the Common Units to be transferred is surrendered for registration or transfer and an Application for Transfer of Common Units has been executed by a transferee either (a) on the form set forth below or (b) on a separate application that the Partnership will furnish on request without charge. A transferor of the Common Units shall have no duty to the transferee with respect to execution of the transfer application in order for such transferee to obtain registration of the transfer of the Common Units.

 


 

APPLICATION FOR TRANSFER OF COMMON UNITS
The undersigned (“Assignee”) hereby applies for transfer to the name of the Assignee of the Common Units evidenced hereby.
The Assignee (a) requests admission as a Substituted Limited Partner and agrees to comply with and be bound by, and hereby executes, the Amended and Restated Agreement of Limited Partnership of Crosstex Energy, L.P. (the “Partnership”), as amended, supplemented or restated to the date hereof (the “Partnership Agreement”), (b) represents and warrants that the Assignee has all right, power and authority and, if an individual, the capacity necessary to enter into the Partnership Agreement, (c) appoints the General Partner of the Partnership and, if a Liquidator shall be appointed, the Liquidator of the Partnership as the Assignee’s attorney-in-fact to execute, swear to, acknowledge and file any document, including, without limitation, the Partnership Agreement and any amendment thereto and the Certificate of Limited Partnership of the Partnership and any amendment thereto, necessary or appropriate for the Assignee’s admission as a Substituted Limited Partner and as a party to the Partnership Agreement, (d) gives the powers of attorney provided for in the Partnership Agreement, and (e) makes the waivers and gives the consents and approvals contained in the Partnership Agreement. Capitalized terms not defined herein have the meanings assigned to such terms in the Partnership Agreement.
Date:                                         
     
 
   
 
   
Social Security or other identifying number
  Signature of Assignee
 
   
 
   
 
   
Purchase Price including commissions, if any
  Name and Address of Assignee
                     
Type of Entity (check one):                
 
                   
o
  Individual   o   Partnership   o   Corporation
 
                   
o
  Trust   o   Other (specify)        
 
                   
Nationality (check one):                
 
                   
o   U.S. Citizen, Resident or Domestic Entity        
 
                   
o
  Foreign Corporation   o   Non-resident Alien        
If the U.S. Citizen, Resident or Domestic Entity box is checked, the following certification must be completed.
Under Section 1445(e) of the Internal Revenue Code of 1986, as amended (the “Code”), the Partnership must withhold tax with respect to certain transfers of property if a holder of an interest in the Partnership is a foreign person. To inform the Partnership that no withholding is required with respect to the undersigned interestholder’s interest in it, the undersigned hereby certifies the following (or, if applicable, certifies the following on behalf of the interestholder).
Complete Either A or B:
A.   Individual Interestholder

 


 

  1.   I am not a non-resident alien for purposes of U.S. income taxation.
 
  2.   My U.S. taxpayer identification number (Social Security Number) is                                         .
 
  3.   My home address is                                                                                                                                                      .
B.   Partnership, Corporation or Other Interestholder
  1.                                            is not a foreign corporation, foreign partnership, foreign trust (Name of Interestholder) or foreign estate (as those terms are defined in the Code and Treasury Regulations).
2.   The interestholder’s U.S. employer identification number is                                         .
  3.   The interestholder’s office address and place of incorporation (if applicable) is                                         .
The interestholder agrees to notify the Partnership within sixty (60) days of the date the interestholder becomes a foreign person.
The interestholder understands that this certificate may be disclosed to the Internal Revenue Service by the Partnership and that any false statement contained herein could be punishable by fine, imprisonment or both.
Under penalties of perjury, I declare that I have examined this certification and to the best of my knowledge and belief it is true, correct and complete and, if applicable, I further declare that I have authority to sign this document on behalf of:
                                                            
Name of Interestholder
                                                            
Signature and Date
                                                            
Title (if applicable)
Note: If the Assignee is a broker, dealer, bank, trust company, clearing corporation, other nominee holder or an agent of any of the foregoing, and is holding for the account of any other person, this application should be completed by an officer thereof or, in the case of a broker or dealer, by a registered representative who is a member of a registered national securities exchange or a member of the National Association of Securities Dealers, Inc., or, in the case of any other nominee holder, a person performing a similar function. If the Assignee is a broker, dealer, bank, trust company, clearing corporation, other nominee owner or an agent of any of the foregoing, the above certification as to any person for whom the Assignee will hold the Common Units shall be made to the best of the Assignee’s knowledge.