Exhibit 4.8
These securities have not been registered under the Securities Act of 1933, as amended (the
Act). They may not be sold, offered for sale, pledged or hypothecated in the absence of a
registrations statement in effect with respect to the securities under such Act or an opinion of
counsel satisfactory to the Partnership that such registration is not required or unless sold
pursuant to Rule 144 of such Act. These securities are subject to certain restrictions on transfer
set forth in that certain Senior Subordinated Series C Unit Purchase Agreement by and among the
Partnership, Chieftain Capital Management, Inc., as agent and attorney-in-fact for the Purchasers
who are its clients under separate investment advisor agreements, Crosstex Energy, Inc., Energy
Income and Growth Fund, Fiduciay/Claymore MLP Opportunity Fund, Kayne Anderson MLP Investment
Company, Kayne Anderson Energy Total Return Fund, Inc., LB I Group Inc., Lubar Equity Fund, LLC and
Tortoise Energy Infrastructure Corporation, dated as of May 16, 2006, a copy of which may be
obtained from the Partnership at its principal offices.
Certificate Evidencing Senior Subordinated Series C Units
Representing Limited Partner Interests in
Crosstex Energy, L.P.
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No. SSC-___
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Senior Subordinated Series C Units |
In accordance with Section 4.1 of the Fifth 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 Senior Subordinated Series C Units representing limited
partner interests in the Partnership (the Senior Subordinated Series C 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 Senior Subordinated Series C Units represented by this Certificate. The rights, preferences
and limitations of the Senior Subordinated Series C Units are set forth in, and this Certificate
and the Senior Subordinated Series C 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.
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Dated: , 2006 |
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Crosstex Energy, L.P. |
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By:
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Crosstex Energy GP, L.P., its General
Partner |
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By:
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Crosstex Energy GP, LLC, its General
Partner |
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By: |
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Name: |
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Title: |
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[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:
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TEN COM -
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as tenants in common
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UNIF GIFT/TRANSFERS MIN ACT |
TEN ENT -
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as tenants by the entireties
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Custodian |
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(Cust) (Minor) |
JT TEN -
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as joint tenants with right of
survivorship and not as
tenants in common
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under Uniform Gifts/Transfers to CD
Minors Act (State) |
Additional abbreviations, though not in the above list, may also be used.
ASSIGNMENT OF SENIOR SUBORDINATED SERIES C UNITS
in
CROSSTEX ENERGY, L.P.
FOR VALUE RECEIVED, hereby assigns, conveys, sells and transfers unto
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(Please print or typewrite name
and address of Assignee)
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(Please insert Social Security or other
identifying number of Assignee) |
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Senior Subordinated Series C 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.
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Date:
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NOTE:
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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. |
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SIGNATURE(S) MUST BE GUARANTEED BY
A MEMBER FIRM OF THE NATIONAL
ASSOCIATION OF SECURITIES DEALERS,
INC. OR BY A COMMERCIAL BANK OR
TRUST COMPANY SIGNATURE(S)
GUARANTEED
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(Signature)
(Signature) |
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No transfer of the Senior Subordinated Series C Units evidenced hereby will be registered on
the books of the Partnership, unless the Certificate evidencing the Senior Subordinated Series C
Units to be transferred is surrendered for registration or transfer and an Application for Transfer
of Senior Subordinated Series C 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 Senior Subordinated Series C 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 Senior Subordinated Series C Units.
APPLICATION FOR TRANSFER OF SENIOR SUBORDINATED SERIES C UNITS
The undersigned (Assignee) hereby applies for transfer to the name of the Assignee of the
Senior Subordinated Series C 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 Fifth 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 Assignees 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 Assignees 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:
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Social Security or other identifying number
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Signature of Assignee |
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Purchase Price including commissions, if any
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Name and Address of Assignee |
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Type of Entity (check one): |
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Individual
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Partnership
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Corporation |
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Trust
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Other (specify) |
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Nationality (check one): |
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U.S. Citizen, Resident or Domestic Entity |
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Foreign Corporation
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Non-resident Alien |
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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 interestholders 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:
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Individual Interestholder |
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I am not a non-resident alien for purposes of U.S. income taxation. |
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My U.S. taxpayer identification number (Social Security Number) is . |
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My home address is
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Partnership, Corporation or Other Interestholder |
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(Name of Interestholder) is not a foreign
corporation, foreign partnership, foreign trust or foreign estate (as those terms are
defined in the Code and Treasury Regulations). |
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The interestholders U.S. employer identification number is . |
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The interestholders office address and place of incorporation (if applicable)
is
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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:
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Name of Interestholder |
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Signature and Date |
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Title (if applicable) |
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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 Senior Subordinated Series
C Units shall be made to the best of the Assignees knowledge.