Financial MLP Disclosures

FINANCIAL MLP DISCLOSURES

This Financial MLP Disclosures form sets forth material financial, tax and governance matters related to ownership of interests in a Master Limited Partnership (MLP). The undersigned investor acknowledges receipt of, and consents to, these disclosures and certifies the representations and acknowledgements contained herein.

Investor Identification

Entity and Tax Status

Select the investor entity type. If more than one applies, check all that apply and provide supplemental documentation as required by the partnership.

Investment Details

Partnership/MLP Name:

Purchase Date:

Distributions, Tax Treatment and Basis Adjustments

Distributions made by the MLP may be characterized for tax purposes as taxable income, return of capital, or a combination thereof. Distributions characterized as a return of capital reduce the investor's adjusted tax basis in the investor's partnership interest; distributions in excess of adjusted tax basis generally constitute capital gain. The partnership will furnish annual partnership information returns and Schedule K-1s indicating the investor's allocable share of income, loss, deductions and credits. Investors will be solely responsible for determining their tax reporting obligations and for preparing and filing any required state or local returns.

Liquidity, Transfer Restrictions and Valuation

Interests in an MLP may have limited liquidity. Transfer of partnership interests is typically subject to the partnership agreement, which may require consent of the general partner or impose redemption and transfer restrictions. Valuation of interests in an MLP may not reflect the current market value and may be subject to periodic internal valuations. Investors should not expect an active secondary market and should consider their investment illiquid.

Fees, Related-Party Transactions and Conflicts of Interest

The MLP or its affiliates may be entitled to management fees, incentive distribution rights, transaction fees and reimbursement of expenses. Related-party transactions, including management, service or advisory arrangements, may give rise to conflicts of interest. Investors should review the partnership agreement and offering materials for a complete description of fees and related-party arrangements.

Representations and Certifications

By signing below, the investor certifies and represents to the partnership and its affiliates as follows: the investor has full power and authority to execute this disclosure and to hold the partnership interest; the information provided is true, complete and correct; the investor has received, read and understands the partnership's governing documents and offering materials; the investor will timely provide any additional tax or regulatory documentation reasonably requested by the partnership. The investor understands that misstatements or omissions may lead to adverse tax consequences or suspension of rights under the partnership agreement.

Acknowledgments and Investor Elections

Investor elects the following preferences and acknowledges the statements below by checking the applicable boxes.

Certification of Accredited Investor Status (if applicable)

If the investor relies on accredited investor status to participate in a private placement, the investor must check the applicable criteria and be prepared to provide supporting documentation upon request.

Consent to Information and Recordkeeping

The investor consents to the partnership maintaining records of the investor's identity, tax classification and transaction history for the period required by applicable law. The investor agrees to notify the partnership promptly of any change in the information provided herein.

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