Table of Contents

 

ARTICLE I. DEFINITIONS
Section 1.01	Definitions
Section 1.02	Accounting Procedures and Interpretation
ARTICLE II. AGREEMENT TO SELL AND PURCHASE
Section 2.01	Authorization of Sale of Common Units
Section 2.02	Sale and Purchase
Section 2.03	Closing
Section 2.04	Conditions to the Closing
Section 2.05	K-Sea Deliveries
Section 2.06	Purchaser Deliveries
Section 2.07	Price Per Unit
Section 2.08	Lock-Up
ARTICLE III. REPRESENTATIONS AND WARRANTIES RELATED TO K-SEA
Section 3.01	Corporate Existence
Section 3.02	Capitalization and Valid Issuance of Purchased Units
Section 3.03	K-Sea SEC Documents
Section 3.04	No Material Adverse Change
Section 3.05	Litigation
Section 3.06	No Conflicts
Section 3.07	Authority
Section 3.08	Approvals
Section 3.09	MLP Status
Section 3.10	Offering
Section 3.11	Investment Company Status
Section 3.12	Certain Fees
Section 3.13	No Side Agreements
Section 3.14	Material Agreements
ARTICLE IV. REPRESENTATIONS AND WARRANTIES OF PURCHASER
Section 4.01	Corporate Existence
Section 4.02	No Conflicts
Section 4.03	Certain Fees
Section 4.04	No Side Agreements
Section 4.05	Unregistered Securities
ARTICLE V. INDEMNIFICATION, COSTS AND EXPENSES
Section 5.01	Indemnification by K-Sea
Section 5.02	Indemnification by Purchaser
Section 5.03	Indemnification Procedure
ARTICLE VI. MISCELLANEOUS
Section 6.01	Interpretation and Survival of Provisions
Section 6.02	Survival of Provisions

 

 

Section 6.03	No Waiver; Modifications in Writing
Section 6.04	Binding Effect; Assignment
Section 6.05	Non-Disclosure
Section 6.06	Communications
Section 6.07	Removal of Legend
Section 6.08	Entire Agreement
Section 6.09	Governing Law
Section 6.10	Execution in Counterparts
Section 6.11	Termination
Exhibit A Form of Registration Rights Agreement
Exhibit B Form of Opinion or Opinions of K-Sea Counsel

 

 

COMMON UNIT PURCHASE AGREEMENT

 

This COMMON UNIT PURCHASE AGREEMENT, dated as of June 1, 2005 (this Agreement), is by and between K-SEA TRANSPORTATION PARTNERS L.P., a Delaware limited partnership (K-Sea), and TORTOISE ENERGY INFRASTRUCTURE CORPORATION, a Maryland closed-end management investment company (Purchaser).

 

WHEREAS, K-Sea desires to sell 500,000 Common Units to Purchaser and Purchaser desires to purchase 500,000 Common Units from K-Sea in accordance with the provisions of this Agreement;

 

WHEREAS, K-Sea has agreed to provide Purchaser with certain registration rights with respect to the Common Units acquired pursuant hereto.

 

NOW THEREFORE, in consideration of the mutual covenants and agreements set forth herein and for good and valuable consideration, the receipt of which is hereby acknowledged, the parties hereby agree as follows:

 

ARTICLE I.
DEFINITIONS

 

Section 1.01                              Definitions.  As used in this Agreement, and unless the context requires a different meaning, the following terms have the meanings indicated:

 

Affiliate means, with respect to a specified Person, any other Person, directly or indirectly controlling, controlled by or under direct or indirect common control with such specified Person.  For purposes of this definition, control (including, with correlative meanings, controlling, controlled by, and under common control with) means the power to direct or cause the direction of the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise.

 

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