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Page 1: 3rdAnnual Capital Link Master Limited Partnership ...forums.capitallink.com/mlp/2016/journal.pdfMar 03, 2016  · developments and challenges associated with master limited partnerships

Lead Sponsors

Capital Link

Thursday, March 3, 2016

Master Limited PartnershipInvesting Forum

3rdAnnual

New York City

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Your Global Financial Partner

Global perspective and resources. Deep sector-focused expertise. Nationally recognized research, sales and corporate access. These are just some of the strengths that make Baird a trusted partner to corporations and institutional investors around the world.

Learn more at rwbaird.com.

Private Wealth Management Capital Markets – Investment Banking Private Equity Asset Management

©2015 Robert W. Baird & Co. Member SIPC. MC-44041.

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Page 1

Capital Link, Inc. …Your Link With the Global Investment Community® Excellence in Investor Relations and Financial Communications www.capitallink.com www.capitallinkforum.com www.capitallinkshipping.com New York London Athens Oslo

The broader energy sector and MLPs in particular have been adversely affected in today’s market environment. Low energy and commodity prices, a slow economic recovery in the US coupled with slower growth in China and other emerging markets, global geopolitical tensions and the potential for rising interest rates add to investor concerns. Against this backdrop, our Forum maintains its function and reputation as an interactive platform that brings together MLPs, MLP funds, institutional investors, financial advisors, media and other market participants to exchange information and views and debate the latest trends, developments and outlook of the MLP sector.

Our Forum features a unique combination of panel discussions on the various market segments as well as on key industry topics, individual MLP presentations and 1x1 meetings between MLP management and investors. On the presenting side, the Forum provides the comprehensive point of view of major industry participants, such as MLPs, MLP Funds, research analysts, commercial and investment banks, law and auditing firms. On the attendee side, our Forum brings together both institutional investors and financial advisors, who service high net worth and individuals. The MLP Investing Forum is an extension of Capital Link’s Closed-End Funds & Global ETFs Forum in New York, which has a 15 year track record of success and attracts more than 1,200+ delegates every year. Our long-established relationship with stock exchanges, financial analysts, major brokerage firms, and financial advisors—who are all actively involved with MLPs, CEFs and ETFs—as well as our partnership with major financial media publications, ensure a Forum agenda that covers leading–edge thought leadership on the latest and most interesting topics. They also ensure attendance by a large and high caliber investor group and continuing and extensive publicity after the event. Capital Link has made a strategic commitment to raise visibility for MLPs, as well as CEFs and ETFs investing in MLPs to a wider audience. We have put together a unique platform that also includes our MLP, CEF and ETF websites, interviews, webinars, market reports and newsletters. Our three internet portals (mlp.capitallink.com, www.cefforum.com and www.etfforum.com) are dedicated to providing free news and data as well as the latest in MLP, fund commentary and analysis. Information is contributed by some of the leading analysts and experts. Our webinar series (http://webinars.capitallink.com) provide presentations on MLP, CEFs and ETFs from leading industry experts and fund sponsors on a regular basis. We are gratified by the support of major MLP funds, which are actively involved and support our Forum. We would like to thank our sponsors and media partners, as well as the National Association of Publicly Traded Partnerships for their support and contribution in making this event a success. Sincerely, Nicolas Bornozis President Capital Link, Inc.

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Stifel is the nation’s 6th largest full-service wealth management and investment banking firm, in terms of number of advisors, providing securities brokerage, investment banking, trading,

investment advisory, and related financial services to individual investors, professional money managers, businesses, and municipalities

Stifel, Nicolaus & Company, Incorporated | Member SIPC & NYSE | www.stifel.com

We are pleased to support the 2016 Capital Link MLP Conference

We’re 125 years old and growing.

Home Office: 501 North Broadway St. Louis, Missouri 63102

(314) 342-2000

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7:00 AM – 7:55 AM REGISTRATION

MORNING SESSION

WEST LOUNGE – 1ST FLOOR

7:55 AM – 8:00 AM Welcome Remarks Nicolas Bornozis, President and CEO – Capital Link, Inc.

OPENING KEYNOTE ADDRESS

8:00 AM – 8:20 AM “The State of the MLP Sector 2016”

Brian Kessens, Managing Director and Portfolio Manager - Tortoise Capital Advisors

INDUSTRY PANELS

8:25 AM – 9:00 AM

Tax/Legislation/ Regulatory Panel

Legal & Regulatory

Developments

Moderator: Mike Bresson, Partner – Baker Botts, LLP Panelists:

Mary S. Lyman, Executive Director – MLP Association Greg Matlock, Partner – EY Joel White, VP, Tax – Shell Midstream Partners GP LLC

SPANNING THE ENERGY VALUE CHAIN – Sector Panels

9:00 AM – 9:40 AM

Midstream Panel – Gathering & Processing

Developments, Trends

& Sector Outlook

Moderator: Ethan Bellamy, Senior Research Analyst – RW Baird Panelists:

John Lewis, Chairman of the Board & CEO – CONE Midstream Partners LP (NYSE:CNNX)

Tim A. Knox, President & Director – CSI Compressco LP (NASDAQ:CCLP)

Gerry Willinger, CEO - Sanchez Production Partners LP (NYSE MKT:SPP)

Peter C. Boylan III, Chairman of the Board, President & CEO – Cypress Energy Partners, L.P. (NYSE:CELP)

9:40 AM – 10:20 AM

Midstream Panel – Pipelines

Transportation & Storage

Developments, Trends

& Sector Outlook

Moderator: Selman Akyol, Managing Director – Stifel Panelists:

Bruce L. Connery, VP, Investor Relations – Columbia Pipeline Partners LP (NYSE: CPPL)

Randy Crawford, Chief Operating Officer - EQT Midstream Partners LP (NYSE:EQM)

Frederick Boutin, CEO - TransMontaigne Partners LP (NYSE: TLP) Ryan Smith, Director of IR – Plains All American Pipeline L.P.

(NYSE:PAA) Jay Hatfield, Co-founder and President – Infrastructure Capital

Advisors; Portfolio Manager – InfraCap MLP ETF (NYSE:AMZA)

LEAD SPONSORS

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10:20 AM – 10:45 AM COFFEE BREAK

INFRASTRUCTURE & MARITIME SECTORS

10:50 AM – 11:30 AM Real Property Infrastructure MLPs

Moderator: Jeffrey F. Rogatz, Managing Director, Real Estate Investment Banking - RW Baird

Panelists:

George Doyle, CFO and Treasurer - Landmark Dividend LLC (NASDAQ:LMRK)

Jeff Fulmer, Senior Vice President - CorEnergy Infrastructure Trust, Inc. (NYSE: CORR)

Sean McGrath, CFO – StoneMor Partners LP (NYSE:STON) Bob Hellman, Jr., Managing Director & CEO – American Infrastructure

MLP Funds

11:30 AM – 12:10PM LNG & Maritime Panel

Developments, Trends

& Sector Outlook

Moderator: Ben Nolan, CFA, Director – Stifel Panelists:

Graham Robjohns, CEO - Golar LNG Partners LP (NASDAQ:GMLP) Richard Tyrrell, CEO & CFO – Hoegh LNG Partners LP (NYSE:HMLP) Andrew J. Orekar, CEO - GasLog Partners LP (NYSE: GLOP) Akif Irfan, Vice President, Energy & Infrastructure Team – Goldman

Sachs Asset Management

PRIVATE EQUITY MLPS

12:10 PM – 12:50 PM The Private Equity

Perspective on Energy Infrastructure

Moderator: Ethan Bellamy, Senior Research Analyst – RW Baird Panelists:

Shawn Radtke, Chief Financial Officer – 3Bear Energy, LLC Adam Bedard, Co-Founder, Member of the Board of Directors – ARB

Midstream

LUNHEON KEYNOTE ADDRESS

1:00 PM – 2:30 PM

“Where We Are in the Energy Cycle”

Christopher Smith, Assistant Secretary for Fossil Energy – US Department of Energy

AFTERNOON SESSION

2:45 PM – 3:35 PM

Institutional Investor Panel

The Investor Perspective

Moderator: William J. Cooper, Partner – Andrews Kurth LLP Panelists:

Jay Hatfield, Co-founder and President – Infrastructure Capital Advisors, Portfolio Manager – InfraCap MLP ETF (NYSE:AMZA)

J. Parker Roy, Senior Managing Director Manager - Cushing Asset Management (NYSE:SRV)

Brian Sulley, Vice President - Tortoise Capital Advisors Matthew Cooper, Portfolio Manager, Energy and Infrastructure Team -

Goldman Sachs Asset Management

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3:35 PM – 4:15 PM Raising Capital for

MLPs Capital Markets & Bank Financing

Moderator: Greg Matlock, Partner – EY Panelists:

Brian Van der Waag, Director – Investment Banking - Janney Montgomery Scott

James Georgiow, Managing Director - Stifel Frank Murphy, Managing Director, Co-Head of Energy Group – RW Baird David Buck, Partner – Andrews Kurth LLP

4:15 PM – 4:55 PM Analyst Panel

Analyst Perspective

Moderator: Keith McRedmond, Vice President, Alternative Investment Solutions Group - Closed End Funds – Goldman Sachs Asset Management Panelists:

Selman Akyol, Managing Director - Stifel Ethan Bellamy, Senior Research Analyst – RW Baird Shneur Gershuni, CFA, Executive Director, Equity Research MLPs and

Natural Gas - UBS

5:00 PM – 6:00 PM COCKTAIL RECEPTION

TESTED. TRUSTED.ON TARGET.For over 90 years, Barron’s has been

at the forefront of market commentary,

providing readers with well-vetted

investing ideas and insights that can’t

be found anywhere else.

For more information visit, barrons.com/subscribe.

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MLP PRESENTATIONS Library – 2nd Floor

MIDSTREAM – PIPELINES TRANSPORTATION & STORAGE Introduced by: TBD

9:00 AM – 9:15 AM

Bruce L. Connery, VP, Investor Relations – Columbia Pipeline Partners LP (NYSE:CPPL)

9:15 AM – 9:30 AM

Frederick Boutin, CEO and Robert Fuller, CFO - TransMontaigne Partners LP (NYSE:TLP)

MARINE TRANSPORTATION

9:30 AM – 9:45 AM

Graham Robjohns, CEO - Golar LNG Partners LP (NASDAQ:GMLP)

PRIVATE EQUITY

9:45 AM – 10:00 AM

Adam Bedard, Chief Executive Officer - ARB Midstream

UPSTREAM – MINERAL AND ROYALTY

10:00 AM – 10:15 AM

Brock Morris, Senior Vice President, Engineering and Geology - Black Stone Mineral Partners LP (NYSE:BSM)

10:20 AM – 10:45 AM COFFEE BREAK

MIDSTREAM – GATHERING & PROCESSING

10:50 AM – 11:05 AM

John Lewis, Chairman of the Board & CEO - CONE Midstream Partners LP (NYSE:CNNX)

11:05 AM – 11:20 AM

Tim A. Knox, President & Director - CSI Compressco LP (NASDAQ:CCLP)

COAL RESOURCES

11:20 AM – 11:35 AM

Lori Ritter, CFO and Chief Accounting Officer – CNX Coal Resources LP (NYSE:CNXC)

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OILFIELD SERVICES

11:35 AM – 11:50 AM

Peter C. Boylan III, Chairman of the Board, President & CEO - Cypress Energy Partners, L.P. (NYSE:CELP)

DOWNSTREAM

11:50 AM – 12:05 PM

Jeremy Bergeron, President - CrossAmerica Partners LP (NYSE:CAPL)

12:05 PM – 12:20 PM Taylor Hudson, Managing Director, IR – Sprague Resources LP (NYSE:SRLP)

REAL PROPERTY INFRASTRUCTURE

12:20 PM – 12:35 PM

Tim Brazy, CEO - Landmark Dividend LLC (NASDAQ:LMRK)

12:35 PM – 12:50 PM

Jeff Fulmer, Senior Vice President - CorEnergy Infrastructure Trust, Inc. (NYSE: CORR)

2015 Master Limited Partnership Investing Forum

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Capital Link Forums 2016 Calendar

Greek shipping remains important to the maritime economy, constituting approximately 20% of the world’s shipping fleet. This event will not only cover the latest developments and trends in international trade, dry bulk commodities, and the energy markets – framed against the broader backdrop of the global economy – but also review various funding alternatives for raising capital among listed and private shipping companies.

This investor-focused event will examine the latest trends, developments and challenges associated with master limited partnerships (MLPs). It also presents a networking platform for financial advisors, financial planners, institutional investors, fund and asset managers, analysts, other wealth management professionals, and major financial media.

The tenth installment of the Invest in International Shipping Forums, this investor-focused event allows a platform for high-level executives and shipping companies to share and examine the shipping markets in light of annual results. Institutional investors and analysts, financial advisors, bankers, financial media, and other qualified investors will be in attendance.

This annual event, playing host to 1,000 attendees every year, will not only address the benefits and challenges associated with using closed-end funds (CEFs) and ETFs, but will also present a networking platform for financial advisors, financial planners, institutional investors, fund and asset managers, analysts, other wealth management professionals, and major financial media.

This bi-annual event brings together public and private shipping company executives, investors, analysts, financiers, and other industry participants who are visiting Athens for the biannual Posidonia event from all over the world. The Forum will feature sector roundtable discussions dedicated to the dry bulk, tanker, container, LNG, and offshore sectors.

This event provides investors with a comprehensive review of various shipping markets to investment communities in China and throughout Asia. It aims to provide investors with a comprehensive review and current outlook of the various shipping, marine services and offshore markets and in addition, cover topics of critical interest to shipping industry participants, financers and investors.

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With greater industry sophistication, awareness, and expectations, corporate social responsibility (CSR) is an increasingly important issue that shipping and offshore companies cannot afford to ignore. This forum will explore how companies can keep a competitive advantage gaining market share, attracting top talent, and preserving employee retention by adopting CSR policies.

U.S. and Greek businesses and investment communities will discuss the latest trends in the capital and stock markets while covering topics ranging from shipping, information technology, energy, banking, and finance to telecommunications and real estate. This event receives annual support from the NYSE Euronext and is held under the auspices of the Ministry for Development, Competitiveness, Infrastructure, Transport & Networks.

As the global derivatives market undergoes further economic and regulatory changes, the ability to effectively manage risks is becoming paramount, and the need for global collaboration is heightening. This program will feature a distinguished list of speakers who will provide an insightful global perspective on commodities, energy, and shipping.

In cooperation with the LSE, this event provides investors with a comprehensive review of various shipping markets to investment communities in the UK and throughout Europe. Shipowners, shipping executives, institutional investors, research analysts, industry experts, commercial and investment bankers, risk advisors, private equity and venture capital firms, high-net worth investors, and financial media attend this London forum every year.

Exchange Traded Funds (ETFs) have seen an explosive growth in the industry since the emergence of the first ETF in 1990. The growing popularity of this investment vehicle has dramatically change the investment landscape among both institutional investors and financial industry professionals who provide wealth management services to clients. This Forum is an extension of our 15 year track record success of our Annual Closed-End Funds and Global ETFs.

Capital Link continues to support the sustainable development in Greece by promoting and presenting both initiatives from the business side, as well as the activities and needs of NGOs. This forum will discuss the development and maintenance of the CSR a strategy and necessity, which will help companies balance the achievement of profitability with sustainable growth.

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With $1.9 billion under management, the American Infrastructure MLP Funds (AIM) is an innovative private investment firm creating new MLPs.

We build Partnerships that Make a Difference.

American Infrastructure MLP Funds Foster City, California www.AIMLP.com

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LEAD SPONSORS

Baird is an employee-owned, international wealth management, capital markets, private equity and asset management firm with offices in the United States, Europe and Asia. Established in 1919, Baird has approximately 3,300 associates serving the needs of individual, corporate, institutional and municipal clients. Baird has more than $151 billion in client assets.

Committed to being a great place to work, Baird ranked No. 5 on FORTUNE’s 100 Best Companies to Work For in 2015 – its 12th consecutive year on the list. Baird’s principal operating subsidiaries are Robert W. Baird & Co. in the United States and Robert W. Baird Group Ltd. in Europe. Baird also has an operating subsidiary in Asia supporting Baird’s investment banking and private equity operations. For more information, please visit rwbaird.com.

Stifel Financial Corp. (NYSE: SF) is a financial services holding company headquartered in St. Louis, Missouri, that conducts its banking, securities, and financial services business through several wholly owned subsidiaries. Stifel’s broker-dealer clients are served in the United States through Stifel, Nicolaus & Company, Incorporated; Keefe, Bruyette & Woods, Inc.; Miller Buckfire & Co., LLC; and Century Securities Associates, Inc., and in the United Kingdom and Europe through Stifel Nicolaus Europe Limited. The Company’s broker-dealer affiliates provide wealth management, investment banking, trading, investment advisory, and related financial services to individual investors, professional money managers, businesses, and municipalities. Stifel Bank & Trust offers a full range of consumer and commercial lending solutions. Stifel Trust Company, N.A. and 1919 Investment Counsel & Trust Company offer trust and related services. To learn more about Stifel, please visit the Company’s web site at www.stifel.com.

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Andrews Kurth is Proud to Sponsor the 3rd Annual Capital Link Master Limited Partnership Investing Forum

We Are MLP Pioneers and Market Leaders

Andrews Kurth was involved in the creation of the first MLPs in the early 1980s and served as issuer’s counsel on the first “drop down” MLP in 1983. Since the 1980s, we have been a market leader in MLP transactions because of our deep experience in the complex partnership, securities, tax and business issues associated with creating, governing and growing MLPs.

To date, we have:

- Participated in transactions involving 70% of the Alerian MLP Index, a composite of the 50 most prominent energy MLPs

- Participated in transactions involving more than 50% of the natural resource-related MLPs and their general partners currently trading on U.S. stock exchanges

For more information, visit andrewskurth.com/MLP

Copyright © 2016 by Andrews Kurth LLP. Andrews Kurth, the Andrews Kurth logo and Straight Talk Is Good Business are registered service marks of Andrews Kurth LLP. All Rights Reserved. Stock photography above. 600 Travis, Suite 4200, Houston, TX 77002 | +1.713.220.4200. Attorney Advertising. 16069

AUSTIN BEIJING DALLAS DUBAI HOUSTON LONDON NEW YORK RESEARCH TRIANGLE PARK THE WOODLANDS WASHINGTON, DC

andrewskurth.com

16069_CapitalLink_MLPConf_PracticeAd_F.indd 1 1/20/16 9:44 AM

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SPONSORS

The American Infrastructure MLP Funds (AIM) is an innovative private investment firm with $1.9 billion under management. We provide tax-advantaged growth capital to stable, private companies with substantial growth opportunities in infrastructure, natural resources and real property sectors that qualify as Master Limited Partnerships (“MLPs”) and similar yield structures. Our mission is to build partnerships that make a difference, and our goal is to deliver both tax-advantaged current income and attractive equity upside to our investors. Our team has built over 45 platform companies and completed 250 add-on acquisitions, sourcing our investments directly via a proprietary “smart sourcing” process and focusing on companies and assets with stable cash flows that are often ignored by private equity investors who lack the expertise and appropriate fund structures for private MLP investing. For more information, please visit our website at: www.AIMLP.com or contact Nancy Katz, Managing Director, at [email protected]

Since 1902, Andrews Kurth has built its practice on the belief that “straight talk is good business.” Real answers, clear vision and mutual respect define the firm’s relationships with clients, colleagues, communities and employees. With more than 400 lawyers across 10 offices worldwide, Andrews Kurth represents a wide array of clients in multiple industries.

Baker Botts is a globally respected law firm with 725 lawyers and 14 international offices. We are driven by the highest ethical and professional standards. This professionalism, combined with industry knowledge and insights and our understanding of the law, helps us to deliver effective, innovative solutions for our clients.

For 175 years, Baker Botts has delivered results-oriented services, establishing us as a leading law firm. Our reputation is complemented by our tradition of leadership in government, the judiciary and our communities. Regardless of size, sector or jurisdiction of a client, our commitment is to help achieve their business objectives.

Cushing® Asset Management was founded in 2003 and is headquartered in Dallas, TX. We offer multiple products and services across the entire energy supply chain which are designed to meet the needs of both institutional and retail investors seeking professional investment management with a disciplined investment process, rigorous risk management, and a proven track of performance in the specialty segment in which we invest.

EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.

EY’s Global Oil & Gas Sector supports a global network of more than 10,000 oil and gas professionals with extensive experience in providing assurance, tax, transaction and advisory services across the upstream, midstream, downstream and oil field subsectors. The Sector team works to anticipate market trends, execute the mobility of our global resources and articulate points of view on relevant sector issues. With our deep sector focus, we can help your organization drive down costs and compete more effectively.

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Our lawyers provide sound, creative advice on complex matters, balanced

by solid business acumen and market know-how. Baker Botts has been

a pioneer and thought leader in transactions involving master limited

partnerships since the inception of MLPs in the early 1980s.

In the last 30 years, we have participated in more than 60 completed

initial public offerings for MLPs, and have been hired on many more that

are in process or that were not consummated. We have also participated

in several hundred follow-on offerings of debt and equity securities,

including registered offerings, private placements and continuous equity

offering programs.

We have experience in every industry in which MLPs operate including:

• Midstream (gathering,

processing, compression,

transportation, terminalling

and storage)

• Shipping

• LNG

• Oil and gas exploration

and production

• Royalties

• Oilfield services

• Offshore drilling

• Frac sand

• Coal

• Saltwater disposal

• Marketing and distribution

of fuels

• Refining

We also have experience with assets in industries suitable for YieldCos

including:

• Wind

• Solar

• Other renewable energy businesses

For more information, visit us at www.bakerbotts.com/mlp.

Market Know-How

AUSTIN BEIJING BRUSSELS DALLAS DUBAI HONG KONG HOUSTON LONDON

MOSCOW NEW YORK PALO ALTO RIYADH SAN FRANCISCO WASHINGTON

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SPONSORS

Goldman Sachs Asset Management, established in 1988, is one of the world’s leading investment managers. With over 2,000 professionals across 33 offices worldwide, GSAM provides institutional and individual investors with investment and advisory solutions, with strategies spanning asset classes, industries, and geographies.

Our investment solutions include fixed income, money markets, public equity, commodities, hedge funds, private equity, and real estate. Our clients access these solutions through our proprietary strategies, strategic partnerships, and our open-architecture programs. Our investment teams represent over 800 investment professionals, capitalizing on the market insights, risk management expertise, and technology of Goldman Sachs. We help our clients navigate today’s dynamic markets, and identify the opportunities that shape their portfolios and long-term investment goals. We extend these global capabilities to the world’s leading pension plans, sovereign wealth funds, central banks, insurance companies, financial institutions, endowments, foundations, individuals and family offices, for which we invest or advise more than $1 trillion of assets.

Infrastructure Capital Advisors, LLC (ICA) is an SEC-registered investment advisor that manages an actively managed ETF and a series of hedge funds. The firm was formed in 2012 and is based in New York City.

ICA seeks total-return opportunities driven by catalysts, largely in key infrastructure sectors. These sectors include energy, real estate, transportation, industrials and utilities. It often identifies opportunities in entities that are not taxed at the entity level, such as master limited partnerships (“MLPs”) and real estate investment trusts (“REITs”).

Current income is a primary objective in most, but not all, of ICA’s investing activities. Consequently, the focus is generally on companies that generate and distribute substantial streams of free cash flow. This approach is based on the belief that tangible assets that produce free cash flow have intrinsic values that are unlikely to deteriorate over time.

Janney Montgomery Scott LLC has over 180 years of experience providing comprehensive financial advice and superior service to individual, corporate and institutional clients. Our expertise includes guidance about asset management, corporate and public finance, equity and fixed income investing, equity research, institutional equity and fixed income sales and trading, investment strategy, financial planning, mergers and acquisitions, public and private capital raising, portfolio management, retirement and income planning, and wealth management. Janney is an independently-operated subsidiary of The Penn Mutual Life Insurance Company and is a member of the Financial Industry Regulatory Authority (FINRA) and Securities Investor Protection Corporation (SIPC). Janney employs over 1,800 people in 110 offices and 19 states.

Tortoise Capital Advisors, L.L.C. is an investment manager specializing in active listed energy investments spanning the energy value chain. As of Jan. 31, 2016, the adviser had approximately $11.6 billion of assets under management in NYSE-listed closed-end funds, mutual funds, private funds and other separate accounts.

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Page 16

FOR THE SERIOUS MLP INVESTOR

MUTUAL FUNDS CLOSED END FUNDS INDICES

SEPARATELY MANAGED ACCOUNTS PRIVATE FUNDS

www.cushingasset.com

©Swank Capital, LLC. All rights reserved. Cushing® Asset Management is registered as an investment adviser with the Securities and Exchange Commission.

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MEDIA PARTNERS

BarclayHedge is a leading independent, research based provider of information services to the alternative investment industry. Founded in 1985, Barclay began publishing fund data for hedge fund and CTAs in 1991 and currently maintains data on more than 12,000 alternative investment vehicles. BarclayHedge provides access to its hedge fund, fund of funds, and managed futures databases to thousands of investors worldwide in Excel, Access, and formats compatible with most third party analysis packages. Barclay’s 18 hedge fund indices, 10 managed futures indices, and 7 UCITS indices are universally recognized as alternative investment performance benchmarks and are utilized by investment professionals around the globe.

Barron’s is America’s premier investing magazine, known for its market-moving stories. Published by Dow Jones & Company since 1921, it reaches an influential audience of professional fund managers, financial advisors, affluent individual investors, financial-services professionals and senior corporate executives. Barron’s provides readers with an intelligible recap of recent market action coupled with insights on what’s likely to happen in the market in the days and weeks to come. In addition, its exclusive conferences for financial advisors and investors are dedicated to identifying, enhancing and expanding best practices in investing. Barron’s is the trusted financial-publishing brand that people actively in the market turn to for information, ideas and insights they can use to increase their professional success and enhance their personal, financial well-being.

Markets are turbulent and rapidly changing. Financial professionals from around the world rely on Bloomberg BRIEF newsletters to deliver the latest news, market data, and expert commentary from the world’s most trusted economists and analysts. Expert commentary and insight back by Bloomberg’s proprietary data. Covering finance from the macro-level to the key vertical markets that move the world’s economies.

Written for: Portfolio Managers, Traders, Analysts, Service Providers, Institutional Investors, Money Managers,

Treasury/Finance Professionals, Compliance Executive, Risk Officers, Lender, Bond Investors.

Hart Energy provides specialized data/information products and member-only services to targeted audiences worldwide and ranks among the leading providers of news, data and analysis for the global energy industry. Hart Energy clients derive from the energy industry, the financial and investment community, engineering and automotive industries, utilities, leading NGOs and the world’s major governments.

Founded in 1984 by investor and entrepreneur William J. O’Neil, Investor’s Business Daily (IBD®) is an authoritative financial news and research organization that provides individual and professional investors essential market-timing analysis, top performing lists and proprietary ratings to help them identify true market leaders. The information is delivered through IBD’s leading-edge investing products and innovative investor education programs. IBD created the world’s first stock database in the 1960’s to compare and rate stocks based on performance criteria to find emerging leadership. Today IBD tracks data on over 8,000 publicly traded companies and is used by over 600 institutional investors worldwide. IBD not only helps investors zero-in on emerging growth investments, but provides the buy and sell rules to properly execute trades to minimize risk and maximize profit potential. The focus on fundamental criteria and technical indicators makes IBD unique. IBD’s strategy has enabled countless financial advisors to better serve their clients and make their practices more successful.

Midstream Business is dedicated to helping subscribers monetize this growing sector of the oil and gas industry. Midstream Business offers in-depth analysis and business market intelligence about North America’s rapidly expanding midstream infrastructure in North America and around the world. Drawing upon Midstream Monitor, the acclaimed weekly e-newsletter, webinars, a dedicated web site (MidstreamBusiness.com) and events like Hart

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MEDIA PARTNERSEnergy’s annual Marcellus-Utica Midstream conference, the Midstream Business franchise provides unparalleled in depth information about midstream asset development and operations. Each issue combines high-level financial perspectives with data-rich content to provide a value-added information environment that connects upstream activities with downstream markets. The magazine, website and events are produced by Hart Energy, a Houston-based provider of news and data services; industry conferences (like the DUG™ series); GIS data sets and mapping solutions; and research and consulting services.

Oil & Gas Financial Journal is THE magazine for senior executives and professionals who make money decisions for and about the petroleum industry. OGFJ provides advertisers with access to E&P executives throughout the industry, to include the majors, large independents, and super independents. We reach the whole market and target top-level executives in the energy industry and the related financial community that serves them — including the large number of small and mid-cap companies that significantly impact energy industry economics.

For over 32 years, Oil and Gas Investor magazine has served as the preeminent source of news and analysis for senior decision-makers in the energy sector. Oil and Gas Investor delivers strategic insight into all aspects of upstream oil and gas investments. Distinguishing the franchise are its expert

commentators, unparalleled access to industry leaders, and comprehensive understanding of industry risks and rewards.

An interactive, searchable version of Oil and Gas Investor magazine, OilandGasInvestor.com is your complete online source for information about the financial world of oil and gas, including:

• Current and archived digital issues of Oil and Gas Investor magazine, which can be downloaded to your computer or mobile device

• The latest information on new financing deals

• Oil and Gas Investor’s Stock Scout 100 – a specialty index that reflects the overall health of the U.S. oil and gas industry, including IPO activity

• Exploration and production data and activity within conventional and unconventional plays

• Exploration highlights with detailed maps and production summaries

• Comprehensive, multi-media articles, which provide a 360 degree view of key plays and associated topics

Seeking Alpha is the premier website for actionable stock market opinion and analysis, and vibrant, intelligent financial discussion. We are the leader of ETF content with more than 15,000 articles about ETFs published in the last year alone. Each month, our unique crowdsourced investment analysis draws an audience of 5.1MM individual investors, financial pros and business decision makers. Seeking Alpha has 4.5MM+ registered users as well as 2.5MM+ subscribers to our real-time alerts on desktop and mobile. Our advertising model offers first-party registration data targeting on desktop and mobile and high performance native/custom content opportunities.

SUPPORTING ORGANIZATION

The Master Limited Partnership Association (MLPA) is the nation’s only trade association representing the publicly traded partnerships commonly known as master limited partnerships (MLPs). For more than three decades, the association has been highly successful in promoting the interests of MLPs in Washington, D.C. and the states.

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© 2016 Goldman Sachs. All rights reserved. 122463.OTHER.MED.TMPL/2/2014

Goldman Sachs is proud to sponsorCapital Link “Master Limited Partnership”

Investing Forum

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SPEAKER BIOSOPENING KEYNOTE SPEAKER

Brian KessensManaging Director & Portfolio Manager Tortoise Capital

Mr. Brian Kessens joined Tortoise Capital in 2008. He is a managing director and portfolio

manager and serves as president of the Tortoise Pipeline & Energy Fund, Inc. and Tortoise Power and Energy Infrastructure Fund, Inc. closed-end funds. He was a vice president in Citigroup’s global energy investment banking practice. Prior to Citigroup, he served as a field artillery officer in the U.S. Army. Mr. Kessens earned a Master of Business Administration from Columbia Business School in New York and a Bachelor of Science in economics from the United States Military Academy at West Point. He is a CFA charterholder.

KEYNOTE SPEAKER

Christopher A. SmithAssistant Secretary for Fossil EnergyU. S. Department of Energy

Christopher Smith serves as Assistant Secretary for Fossil Energy at the U. S. Department of Energy. President Obama nominated Smith for

the position in November 2013. He was confirmed by the U. S. Senate and sworn into office in December 2014.

As Assistant Secretary, Smith leads the Department of Energy’s Office of Fossil Energy, including scientists and engineers working at eleven sites across the United States. In this capacity, he oversees the Department’s fossil energy’s research and development program (coal, oil and natural gas) and the National Energy Technology Laboratory. He is also responsible for the U.S. Petroleum Reserves, the largest strategic petroleum stockpile in the world.

Prior to his Senate confirmation, Smith served as Principal Deputy Assistant Secretary for Fossil Energy and as Deputy Assistant Secretary for Oil and Natural Gas. During that tenure, he served as the Designated Federal Official for the National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling, established by President Obama to investigate the root causes of the Gulf oil spill.

Before his appointment in October 2009, Smith served in managerial and analytical positions of increasing responsibility in the private sector. Most recently he spent eleven years with two major international oil companies focused primarily on upstream business development and LNG trading, including three years negotiating production and transportation agreements in Bogotá, Colombia.

Smith began his career as an officer in the U. S. Army and served tours in Korea and Hawaii. He subsequently worked for Citibank and JPMorgan in New York City and London in the area of emerging markets and currency derivatives. Smith holds a bachelor’s degree in Engineering Management from the United States Military Academy at West Point and an MBA from Cambridge University.

Selman AkyolManaging DirectorStifel

Selman Akyol joined Stifel in 1999 and is a Managing Director in the Energy & Power sector, covering Master Limited Partnerships & Utilities.

His past awards include ranking #1 and #2 in earnings estimates for multiple FT/StarMine and the Wall Street Journal’s Best on the Street Survey Awards. Mr. Akyol has been an analyst for more than 18 years, having also been an analyst with Johnson Research & Capital, a staff accountant with Edison Brothers Stores, and an account executive with PaineWebber. Mr. Akyol earned an M.B.A. from the University of Missouri-Columbia.

Adam BedardChief Executive OfficerARB Midstream, LLC

Adam Bedard is a co-founder, member of the Board of Directors of Denver-based ARB Midstream, LLC, and the company’s Chief

Executive Officer. Mr. Bedard’s background includes over 20 years of experience with a focus on strategic analysis of the North American energy markets. Immediately prior to forming ARB Midstream, he was the Vice President of Strategic Planning and Market Analysis for NGL Energy Partners. Mr. Bedard as a B.S. in Civil Engineering from CU Colorado, is a certified Professional Engineer, and has an MBA in Finance from Wharton.

Ethan H. BellamySenior Research AnalystMaster Limited PartnershipsRW Bairds

Ethan Bellamy is Baird’s senior analyst covering energy income equities, foremost Master Limited Partnerships (MLPs). He has more than a decade of buy- and sell-side equity research experience at Lehman Brothers, Stifel Nicolaus and Wunderlich Securities. He began his career at Stifel covering cable and media equities out of Denver. Ethan was the No. 2 stock picker in the U.S. in 2010 in the Starmine/Financial Times annual survey. He was the No. 1 stock picker in the oil, gas and consumable fuels sector in the 2009 survey. Ethan holds a BA from Clemson University and an MA from the University of Colorado-Boulder, and previously taught at both CU-Boulder and the University of Colorado-Denver.

Jeremy L. BergeronPresidentCrossAmerica Partners LP

Jeremy L. Bergeron was appointed President of CrossAmerica Partners in March 2015 and director of its Board in October 2015. Prior to his

current position, Mr. Bergeron served as Senior Vice President of Integration & Development Operations and as Vice President and Treasurer of CST Brands (NYSE: CST), owner of CrossAmerica’s general partner interests. Before joining CST in 2013 as part of the

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AMZA_CLad_021516_A.indd 1 2/15/16 10:19 AM

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SPEAKER BIOSspin from Valero Energy Corporation (NYSE: VLO), Mr. Bergeron was with Valero for 17 years where he held several leadership positions, including Corporate Safety Director and Vice President of Insurance. He earned a Bachelor degree in Business Administration in Management and Information Systems from the University of the Incarnate Word and a Master of Business Administration from the University of Texas at San Antonio. Mr. Bergeron is also a 2014 graduate of the Stanford Executive Program.

Nicolas BornozisPresident and CEOCapital Link, Inc.

Since 1996 Mr. Nicolas Bornozis is the founder, President and CEO of Capital Link, Inc., an international investor relations and financial

advisory group. It assists listed companies and capital markets related organizations to develop and maintain access to European and North American investors. Capital Link has offices in New York, London and Athens and is a leader in investor relations for listed shipping companies, U.S. Closed-End Funds and ETFs and international companies accessing the U.S. and European markets.

He also established and managed, Alexander Capital, L.P, a US broker-dealer firm, which developed brokerage and investment banking business in North America with the Greek, Egyptian and Russian markets. Sold the company at the end of 2003 to a group of US investors representing Russian interests. Between 1998 and 2002, he also established and managed Alexander Asset Management, Inc. which handled portfolios invested in the Greek and European equity markets.

Prior to Capital Link (1988-1995), he served as President and CEO of CCF International Finance Corp. (CCF IFC), the US broker/dealer subsidiary of Credit Commercial de France, now part of HSBC, and worked at the International Department of Bankers Trust Company in New York (1982-1984) and then at the Commercial Banking operation of CCF in New York (1985-1987) focusing on the financing of Wall Street firms and shipping.

He holds an MBA from Harvard Business School (1982) and a Law Degree from the University of Athens (1979), in Greece with specialization in commercial and corporate law and is a graduate of Athens College in Greece.

For a period of twelve years he was a Visiting Lecturer on International Banking and Finance at the City University Business School (Department for Shipping Trade and Finance) in London, United Kingdom. Also, he served as Chairman of the Investment Management Committee of the Harvard Business School Club in New York.

Frederick W. Boutin Chief Executive Officer TransMontaigne Partners

Frederick W. Boutin has served as Chief Executive Officer of TransMontaigne Partners

since November of 2014. Prior to then he served as Executive Vice President and Chief Financial Officer beginning in January 2008. Mr. Boutin also managed business development and commercial

contracting activities from December 2007 to July 2010 and from August 2013 to January of 2015. Mr. Boutin also served in various other capacities at TransMontaigne Inc., and its predecessors, since 1995. Prior to his affiliation with TransMontaigne Mr. Boutin was a Vice President at Associated Natural Gas Corporation, and it successor Duke Energy Field Services, and a certified public accountant with Peat Marwick. Mr. Boutin holds a B.S. in Electrical Engineering and an M.S. in Accounting from Colorado State University.

Peter C. Boylan III Chairman of the Board, President & CEOCypress Energy Partners GP, LLC

Peter C. Boylan III is co-founder, President and Chief Executive Officer of Cypress Holdings and Chairman of the Board, President and Chief

Executive Officer of Cypress Energy Partners GP, LLC, having served in that capacity since September 2013. Since March 2002, Mr. Boylan has been the Chief Executive Officer of Boylan Partners, LLC, a provider of investment and advisory services. From 1995 to 2004, Mr. Boylan served in a variety of senior executive management positions of various public and private companies controlled by Liberty Media Corporation, including serving as a board member, Chairman, President, Chief Executive Officer, Chief Operating Officer and Chief Financial Officer of several different companies. Mr. Boylan currently serves on the board of directors of publicly traded BOK Financial Corporation, a $27.5 billion regional financial services and bank holding company, and MRC Global Inc., a global industrial supplier of upstream, midstream and downstream sectors of the energy industry. Mr. Boylan has also served on a number of other public and private company boards of directors over the last 20 years. Mr. Boylan has extensive corporate senior executive management and leadership experience, and specific expertise with accounting, finance, audit, risk and compensation committee service, intellectual property, corporate development, health care, media, cable and satellite TV, software development, technology, energy and civic and community service.

Arthur P. Brazy, Jr. Chief Executive OfficerLandmark Dividend LLC

Mr. Brazy is a Director of our general partner. He has served as Chief Executive Officer of our

Sponsor, Landmark Dividend LLC, since October 2015. Prior to that, he served as its President since co-founding the company in February 2010, and a member of the board of managers of Landmark Dividend Holdings LLC and its predecessor since February 2010.

From December 2005 to March 2009, Mr. Brazy served as Chief Executive Officer of Church Mortgage Acceptance Co., LLC, a private company he co-founded focused on direct lending to churches. From January 2001 to December 2005, Mr. Brazy served as Chief Executive Officer of Lakefront Ventures LLC, a private investment firm specializing in commercial and mortgage finance, private equity, real estate and structured finance advisory services. Prior to this, Mr. Brazy founded and led numerous private investment partnerships and worked as an officer of Eastdil Secured, a real estate investment bank.

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J a n n e y M o n t g o m e r y S c o t t l l ci s proud to suppor t the

2016 Capi tal Link Master Limited Par tnership Inves t ing Forum

INVESTMENT BANKING | EQUITY & DEBT CAPITAL MARKETS

EQUITY RESEARCH | PRIVATE CLIENT SERVICES

WWW. JANNEY.COM • © 2016, JANNEY MONTGOMERY SCOTT LLC • MEMBER: NYSE, FINRA, SIPC

Central to our approach is our commitment to putting the client first. We seek to build lasting client relationships that extend beyond the execution of a transaction. Our professionals bring extensive experience and market knowledge to each of our engagements.

EQUITY CAPITAL MARKETS

Will CorkhillHead of Equity Capital Markets

[email protected]

David LauManaging Director

[email protected]

MLP EQUITY RESEARCH

Nathan Judge, CFAManaging Director

[email protected]

Michael GyureDirector

[email protected]

MLP INVESTMENT BANKING

Joseph M. ReichertDirector

[email protected]

Brian W. Van der WaagDirector

[email protected]

Joseph D. Culley, Jr.Head of Equities & Investment Banking

[email protected]

Cliff BoothHead of Investment Banking

[email protected]

For over 180 years, Janney’s long-term perspective is based on first-hand knowledge that turbulent market cycles can and will be weathered. As your trusted advisor, we’re

here to help you navigate the ups and downs of the market and maintain your long-term focus—with sound advice, smart planning, and innovative solutions that assist you in

achieving your financial goals.

Janney CLF_ad.indd 1 2/23/2016 1:50:30 PM

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SPEAKER BIOSMr. Brazy holds a B.S. in Economics from the California Institute of Technology, and an M.B.A. from Stanford University.

Michael P. Bresson PartnerBaker Botts, LLP

Mike Bresson is a partner in the Houston office of Baker Botts. He concentrates on federal income tax matters, with a particular emphasis on

publicly traded partnerships, YieldCos, private equity transactions and mergers & acquisitions. Mike is nationally recognized for his experience in transactions involving MLPs. He is the head of the firm’s MLP/YieldCo Tax Practice.

Mike received his undergraduate degree in chemical engineering from University of Oklahoma and graduated with highest honors from the University of Oklahoma College of Law. EDUCATION/HONORSJD, University of Oklahoma College of Law 1987 BSCHE, University of Oklahoma 1983

David C. BuckPartnerAndrews Kurth LLP

David has an extensive corporate and securities law practice emphasizing transactional and governance matters. His corporate finance

practice includes representing both issuers and investment banks in initial public offerings and other public and private equity and debt offerings. He also advises companies, special committees and financial advisors concerning merger and acquisition transactions (both public and private). In addition, David regularly counsels public clients regarding compliance with periodic reporting, proxy solicitation, corporate governance matters and other requirements of the federal securities laws, the New York Stock Exchange, the NASDAQ Stock Market and other exchange rules. David has also advised on numerous oil and gas-related Chapter 11 and debt restructurings. David’s energy industry experience includes upstream oil & gas, midstream (including pipeline, storage and maritime transportation), energy services (including well servicing, offshore drilling, and seismic and oilfield equipment) manufacturing and supply businesses, and he has significant experience with master limited partnerships (MLPs). He received his J.D. in 1994 from Vanderbilt Law School and his B.A. in History from Princeton University in 1990.

Bruce ConneryVP, Investor RelationsColumbia Pipeline Group

Bruce Connery serves as VP, Investor Relations for Columbia Pipeline Group (CPG) and is responsible for all investor relations activities for

CPG and Columbia Pipeline Partners.

Prior to joining CPG, Bruce was Group Head of Investor Relations for BG Group plc in Reading, England, where he oversaw a global IR program. He spent 23 years with El Paso Corporation

and a predecessor company. During his tenure at El Paso, his responsibilities included investor relations, media relations, corporate communications, emergency response and El Paso’s charitable foundation. He began his career with Shell Oil Company as a Landman and subsequently worked with several independent oil companies afterwards.

Bruce has Bachelor of Business Administration degrees from Texas Tech University and TheUniversity of Texas at Austin, as well as a Masters of Business Administration from The FuquaSchool of Business, Duke University. He is based out of Columbia Pipeline Group’s headquarters in Houston, Texas.

William J. CooperPartnerAndrews Kurth LLP

William J. Cooper, Partner, Washington, DC Office. Bill’s practice includes all types of capital markets transactions, including IPOs,

representing issuers and underwriters as wells as mergers, acquisitions and joint ventures. He has particular experience with publicly traded partnerships, or MLPs, including private formation transactions and conflicts committee representation. He received his J.D. from Emory University School of Law in 1995 and his B.A., cum laude, from Princeton University in 1987.

Matthew CooperVice President, Portfolio Manager Goldman Sachs Asset Management

Matthew is a Vice President in GSAM and is a research analyst for the Energy & Infrastructure Team. Prior to joining Goldman Sachs in 2013,

Matthew worked in the Commodities Origination and Structuring Group at Merrill Lynch beginning in 2011. Between 2007 and 2009 he worked as a research analyst in the Private Equity Group at Lehman Brothers MLP Opportunity Fund and prior to that he worked as an Investment Banker in the Energy and Power Group at Merrill Lynch & Co. Matthew holds an MBA from the University of Chicago Booth School of Business and a B.A. from Vanderbilt University, where he graduated Magna Cum Laude.

Randall L. CrawfordChief Operating Officer EQT Midstream Partners LP

Randall L. Crawford was appointed as a director of the general partner of EQT Midstream Partners, LP (EQM) in January 2012. Mr. Crawford has

served as Executive Vice President and Chief Operating Officer of EQM’s general partner since December 2013, and from January 2012 to December 2013, Mr. Crawford served as Executive Vice President. Mr. Crawford is also currently the Senior Vice President and President of Midstream & Commercial of EQT Corporation (EQT), responsible for executing an aggressive growth strategy for EQT’s natural gas midstream and production marketing companies operating in the rapidly growing Marcellus and Utica natural gas supply regions.

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Investing across the energy value chain

Tortoise is a leading energy investment manager. From upstream producers, to midstream pipeline companies that transport product, to the downstream end users. Learn more at www.tortoiseadvisors.com

We manage approximately $11.6 billion* in energy investments, across listed closed-end funds, mutual funds, private funds and separate accounts.

*As of 1/31/2016

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SPEAKER BIOSPreviously, Mr. Crawford was Vice President of EQT and President of Equitable Utilities; he also served two years as Vice President and President of Equitable Gas. Prior to joining EQT, Mr. Crawford held various financial and regulatory management positions with Consolidated Natural Gas Company (CNG) in Pittsburgh, and had originally started his career with Price Waterhouse Utility Services Practice.

Mr. Crawford serves as a director for the American Gas Association, the Energy Association of Pennsylvania, the West Virginia Oil and Natural Gas Association, the Interstate Natural Gas Association of America, and WQED. He also is a member of the University of Pittsburgh Cancer Institute council and a West Virginia Wesleyan College Trustee.

George P. Doyle Chief Financial Officer and TreasurerLandmark Dividend LLC

Mr. Doyle is Treasurer of our general partner. He has served as Chief Financial Officer and

Treasurer of our sponsor, Landmark Dividend LLC, since August 2011.

From June 2010 to October 2010, Mr. Doyle served as Executive Vice President, Chief Financial Officer, Secretary and Treasurer of Clearview Hotel Trust, Inc., a REIT that invests primarily in the hospitality industry. Prior to joining Clearview Hotel Trust Inc., Mr. Doyle served, from November 2009 to June 2010, as the Vice President of Finance for Steadfast Income Advisor, LLC, the external advisor for Steadfast Income REIT, Inc., a REIT that invests primarily multi-family residential properties. Mr. Doyle was also the Chief Accounting Officer for Steadfast Income REIT, Inc. Previously, Mr. Doyle served in various capacities from November 2003 to June 2009, including from July 2004 to June 2009 as the Senior Vice President, Chief Accounting Officer, at HCP, Inc., an S&P 500 REIT traded on the NYSE that invests primarily in real estate serving the healthcare industry. From September 1995 to October 2003, Mr. Doyle served in various positions with the accounting firm KPMG LLP, including as a senior manager.

Mr. Doyle holds a B.A. in Business Administration from Western Washington University and a Certificate of Accounting from Seattle University. Mr. Doyle is a certified public accountant.

Robert T. Fuller Chief Financial Officer TransMontaigne Partners LP

Robert T. Fuller has served as Chief Financial Officer and Treasurer of TransMontaigne

Partners since November of 2014. He has served as Chief Accounting Officer of TransMontaigne Partners since January 2011. Prior to his affiliation with TransMontaigne, Mr. Fuller spent 13 years with KPMG LLP. Mr. Fuller holds a M.S. in Accounting from the University of Colorado and is licensed as a Certified Public Accountant in Colorado and New York.

Jeff FulmerSenior Vice PresidentCorEnergy Infrastructure Trust, Inc.

Mr. Fulmer is a Senior Vice President of CorEnergy and has more than 30 years of energy industry experience. Prior to joining CorEnergy in 2013, he spent six years as a Senior Advisor with Tortoise Capital Advisors, where he provided industry insight and led the company’s retail marketing efforts. As a petroleum engineer and professional geologist with a background in leadership, Mr. Fulmer’s experience includes working for the U.S. Department of Defense (DoD) in the post 9/11 threat environment where he headed a group of infrastructure analysts engaged globally in critical infrastructure analysis, assessment and protection, and where he delivered briefings to all levels of the U.S. Government. Prior to the DoD, Mr. Fulmer served as president of Redland Energy and senior vice president of Statoil Energy where he was responsible for exploration, development and land efforts, capital drilling budgets, joint ventures, and played critical roles in evaluating and consummating over 20 successful acquisition transactions. He previously held key engineering and geological positions with ARCO Oil and Gas and Tenneco Oil Exploration and Production. Mr. Fulmer earned a Bachelor of Science in geological engineering from the Colorado School of Mines and a Master of Petroleum Engineering degree from the University of Southern California.

James GeorgiowManaging DirectorStifel

Mr. Georgiow joined Stifel’s Energy and Natural Resources Investment Banking Group in 2006 and is responsible for clients in the MLP sector. Mr. Georgiow serves on Stifel’s Fairness Opinion Committee. Mr. Georgiow has completed a broad range of public and private securities offerings as well as advised on numerous merger and acquisition transactions, with an aggregate value in excess of $50 billion. Prior to joining Stifel, Mr. Georgiow spent eight years at UBS and its predecessors, in its Energy Group. Prior to that, Mr. Georgiow spent four years in NatWest Securities Corporation’s investment banking group and three years with Fulcrum Financial Advisors. Mr. Georgiow received a B.S. in Economics from The Wharton School of The University of Pennsylvania, with concentrations in Finance and Marketing.

Shneur GershuniExecutive DirectorMLP’s and Natural Gas PipelineUBS Investment ResearchUBS Securities LLC

Shneur Gershuni is an Executive Director in the Energy group at UBS. An Analyst since 2004, Shneur is currently the Lead Analyst for the MLPs and Natural Gas Pipeline sectors. From 2005-2012, Shneur was also responsible for the US Metals & Mining research coverage at UBS. Prior to joining UBS, Shneur was a US Equity Analyst for Bissett Funds for Franklin Templeton Investments in Toronto. Before that, he was a Credit Analyst in the Canadian Private Placement Group and a Portfolio Management Assistant in the US Bond Portfolio Group at Canada Life Assurance Company. He began his career at Primerica Financial Services, a member of

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New York - 230 Park Avenue, Suite 1536, New York, NY, 10169 Tel.: +1 212 661 7566 Fax: +1 212 661 7526London - Longcroft House,2-8 Victoria Avenue, London, EC2M 4NS, U.K Tel. +44(0) 203 206 1320 Fax. +44(0) 203 206 1321Athens - 40, Agiou Konstantinou Str, Suite A 5, 151-24 Athens, Greece Tel. +30 210 6109 800 Fax +30 210 6109 801

Capital Link - New York - London - Athenswww.capitallink.comwww.capitallinkforum.com

www.CapitalLinkShipping.comA web based resource that provides information on the major shipping and stock market

Investor Relations & Financial Advisory

indices, as well as on all shipping stocks. It also features an earnings and conference call calendar, industry reports from major industry participants and interviews with CEOs, analysts and other market participants.

www.CapitalLinkWebinars.comSector Forums & Webinars: Regularly, we organize panel discussions among CEOs, analysts, bankers and shipping industry participants on the developments in the various shipping sectors (containers, dry bulk, tankers) and on other topics of interest (such as Raising Equity in Shipping Today, Scrapping, etc).

Capital Link Investor Shipping ForumsIn New York, Athens and London bringing together investors, bankers, financial advisors, listed companies CEOs, analysts, and shipping industry participants.

www.MaritimeIndices.comCapital Link Maritime Indices: Capital Link developed and maintains a series of stock market maritime indices which track the performance of U.S. listed shipping stocks (CL maritime Index, CL Dry Bulk Index, CL Tanker Index, CL Container Index, CL LNG/LPG Index, CL Mixed Fleet Index, CL Shipping MLP Index – Bloomberg page: CPLI. The Indices are also distributed through the Reuters Newswires and are available on Factset.

Capital Link Shipping Weekly Markets ReportWeekly distribution to an extensive audience in the US & European shipping, financial and investment communities with updates on the shipping markets, the stock market and listed company news.

Operating more like a boutique investment bank rather than a traditional Investor Relations firm, our objective is to assist our clients enhance long term shareholder value and achieve proper valuation through their positioning in the investment community. We assist them to determine their objectives, establish the proper investor outreach strategies, generate a recurring information flow, identify the proper investor and analyst target groups and gather investor and analyst feedback and related market intelligence information while keeping track of their peer group. Also, to enhance their profile in the financial and trade media.

Capital Link is a New York-based Advisory, Investor Relations and Financial Communications firm. Capitalizing on our in-depth knowledge of the shipping industry and capital markets, Capital Link has made a strategic commitment to the shipping industry becoming the largest provider of Investor Relations and Financial Communications services to international shipping companies listed on the US and European Exchanges. Capital Link's headquarters are in New York with a presence in London and Athens.

In our effort to enhance the information flow to the investment community and contribute to improving investor knowledge of shipping, Capital Link has undertaken a series of initiatives beyond the traditional scope of its investor relations activity, such as:

...Linking Shipping and Investors Across the GlobeCapital Link Shipping

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SPEAKER BIOSCitigroup, as a Mutual Fund & High Liability Specialist.

EducationShneur holds an MBA in Finance from Degroote School of Business, McMaster University, Ontario and a BA in Economics from York University in Ontario. He is also a CFA charterholder.

Jay D. HatfieldCo-founder and PresidentInfrastructure Capital Advisors, LLC

Mr. Hatfield is co-founder and President of Infrastructure Capital Advisors, LLC. He is also a Co-founder and general partner of NGL Energy

Partners, LP, a NYSE-listed master limited partnership. At ICA, he is Portfolio Manager of InfraCap MLP ETF and a series of hedge funds. Prior to forming the firm, he was a portfolio manager at SAC Capital Advisors (now Point72 Asset Management). Before joining SAC, he was Managing Director and Head of Fixed Income Research at Zimmer Lucas Partners, a hedge fund focused on the energy and utility sectors. Earlier in his career, he was Head of Global Utility Investment Banking at CIBC/Oppenheimer and a Principal in the Global Power & Utilities Investment Banking unit at Morgan Stanley & Co. He began his career as a CPA at Ernst & Young. He holds an MBA from the Wharton School at the University of Pennsylvania and a BS from the University of California at Davis.

Robert B. Hellman, Jr.CEO and Managing DirectorAmerican Infrastructure MLP Funds

Bob co-founded American Infrastructure MLP Funds (“AIM”) in 2006 and has been a

private equity and real assets investor for over 25 years. He was responsible for inventing the pioneering idea of applying the MLP structure to the deathcare industry, which led to the 2004 IPO of StoneMor Partners as an MLP, and let to the creation of AIM’s investment strategy.

He has been an investor and director in a wide variety of industries, including agriculture, building materials, forest products, energy production and distribution, deathcare, entertainment, health and fitness, and real estate. On behalf of AIM, he currently holds three patents on the application of the design of innovative financial security structures.

Bob began his private equity career at McCown DeLeeuw in 1987, after having gained substantial experience in mergers, acquisitions, and business strategy through his work as a consultant with Bain & Company, where he was one of the founding members of Bain’s Tokyo Office.

Bob serves on the board of number of public and private companies. His is also a member of the Board of the Stanford Institute for Economic Policy Research (SIEPR) and President of Stanford’s DAPER Investment Fund. He received an MBA from the Harvard Business School with Baker Scholar honors, an MS in economics from the London School of Economics, and a BA in economics from Stanford University. Bob lives in Atherton, CA with his wife Holly Cao and is father to two sets of twins (ages 4 and 21).

Taylor HudsonManaging Director, Investor RelationsSprague Resources LP

Taylor has served Sprague in his current role since July 2013, prior to the partnership’s initial public offering. He is responsible for internal and

external communications for Sprague, including investor, analyst and media outreach. Taylor received his B.S. and M.S. degrees in Agricultural and Applied Economics from Virginia Tech.

Akif IrfanVP, Energy & Infrastructure Team Goldman Sachs Asset Management

Syed Akif Irfan is a financial advisor employed by Goldman, Sachs & Co. in New York, New York. With over 6 years of experience and 3 exams passed, Syed maintains the following registrations:BrokerMr. Irfan is registered with FINRA as a Broker (sometimes referred to as a broker-dealer registered rep, or RR). Brokers are the sales personnel who work for larger brokerage firms. These firms (also known as broker-dealers) are in the business of buying and selling securities such as stocks, bonds, mutual funds and other investment-related products. These firms are also registered with FINRA and can engage in securities transactions on behalf of its customers (as broker) or for its own account (as dealer).

Timothy A. KnoxPresident & DirectorCSI Compressco LP

Timothy A. Knox has served as president and a director of CSI Compressco GP’s Board since August 2014. Mr. Knox served as president and

chief operating officer of Compressor Systems, Inc. (“CSI”) from September 2010 until it was acquired by CSI Compressco in August 2014. Mr. Knox served as senior vice president of CSI from August 2009 to September 2010 and as vice president - engineering and manufacturing of CSI from December 2004 to August 2009. Mr. Knox joined CSI in 1996 and served in multiple roles including regional account manager, mid-continent business unit manager, and director of engineering and manufacturing prior to the promotion to vice president in 2004. From 1991 to 1996, Mr. Knox served in multiple roles for Dresser-Rand Compression Services including; applications, project engineering, project management and sales. Mr. Knox has 25 years of industry experience, including 19 years with CSI Compressco and CSI. He received his B.S. degree in Mechanical Engineering from the University of Oklahoma in 1990 and an M.B.A. from Oklahoma State University in 1999.

John T. LewisChairman of the Board and Chief Executive OfficerCONE Midstream Partners LP

John T. Lewis has served as a director, Chairman

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• All listed Company news and Company pro�les• Share prices – comparative charts among indices and companies• Earnings and conference call calendar• Company presentations• Daily news on the shipping industry, commodities and energy• Shipping industry reports on dry bulk, tankers, containers, LNG/LPG• Fixtures, TC rates, TC rate charts• Sales and purchase and demolition markets• Shipbuilding• FFAs• Weekly shipping and stock market review• Interviews of CEOs and other industry participants• Message boards and blogs• Sign up for news and alerts and for our Weekly Newsletter• Personalize your screen with companies and news you want

Sign up for FREE access

www.CapitalLinkShipping.com

NEW YORK Tel. +1 212 661 7566 LONDON Tel. +44 (0) 20 3206 1322 ATHENS Tel. +30 210 6109 800E-MAIL: [email protected]

…your Link with the Global Investment Community

…your link to shipping and its listed companies

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SPEAKER BIOSof the Board and Chief Executive Officer of CONE Midstream Partners since May 2014. Mr. Lewis also serves as Senior Vice President of Noble since April 2013 and is currently responsible for Corporate Development at Noble Energy. He previously served as Vice President of the Southern Region of Noble’s North America division from 2008 and was Director of Asset Development and Reserves at Noble from 2006. Prior to joining Noble, he held various positions with BP America, Vastar and ARCO.

Mary S. LymanExecutive DirectorMaster Limited Partnership Association

Mary S. Lyman serves as Executive Director of the Master Limited Partnership Association (MLPA), a trade association representing master

limited partnerships and those who work with them. As Executive Director Ms. Lyman directs MLPA’s efforts with regard to federal and state government affairs, public and investor relations, and other matters of common concern to MLPs. A recognized expert on MLPs who has worked with them for over thirty years, Ms. Lyman has spoken about them in a number of forums.

Ms. Lyman is a Director at Gnarus Advisors, LLC, a consulting firm retained by MLPA to provide it with management services. Prior to joining Gnarus Advisors, Ms. Lyman was employed by Navigant Consulting, Inc., and its predecessor Chambers Associates Inc., where she similarly served as Executive Director (2005-present) and Tax Counsel (1985-2005) to MLPA.

Ms. Lyman began her Washington career as a legislative assistant in the House of Representatives, working for a member of the House Ways and Means Committee. She received her B.A. from Dickinson College and her J.D. from Harvard Law School.

Greg MatlockPartnerEY

Mr. Matlock is a partner in EY’s National Tax group, based in Houston and serves as the EY

US MLP Leader. His practice is focused on US federal income tax planning and structuring for business transactions involving partnerships (including MLPs) and corporations, with particular emphasis on energy-related investments. Mr. Matlock has led numerous, significant MLP and public monetization feasibility projects and analysis (including MLP IPO structure analysis, qualifying income analysis, as well as other tax and economic planning matters) and has worked on MLPs and public transactions both as a lawyer and in his current role in EY US. Similarly, he has assisted companies in evaluating various public monetization structures, including MLPs, Up-C transactions, C Corporation IPOs, YieldCos and REITs.

Sean P. McGrathChief Financial Officer & Secretary StoneMor Partners LP

Sean P. McGrath was appointed Chief Financial Officer & Secretary, effective September 28, 2015.

He has more than 22 years of financial and accounting experience, most recently as the Chief Financial Officer of Atlas Energy Group, LLC a NYSE-listed MLP. While at Atlas, he managed executive responsibilities of up to four public entities at the same time, as well as the registration and initial public offerings of five enterprises. He led or assisted in the negotiation, consummation and integration of 13 acquisitions with an aggregate purchase price of $5.5 billion, the negotiation and consummation of two dispositions for aggregate proceeds of $14 billion, and the negotiation and consummation of 18 equity offerings for aggregate gross proceeds of $3.2 billion. Prior to Atlas, from 2002 to 2005 Mr. McGrath served as Chief Accounting Officer at Sunoco Logistics Partners, L.P. Before that, he held senior financial roles at Asplundh Tree Expert Co. and Arthur Anderson LLP.

Keith McRedmondVice President, Alternative Investment Solutions Group – Closed End FundsGoldman Sachs Asset Management

Keith is head of Alternatives Closed End Funds for U.S. Third Party Distribution within Goldman

Sachs Asset Management (GSAM). He is responsible for product development and product placement for the Closed End Funds offered by the firm through third party intermediaries such as banks, trust companies, broker-dealers, insurance companies, and registered investment advisors. Keith joined Goldman Sachs in 2010 and has over 20 years of experience in the financial services industry. Prior to joining Goldman Sachs Asset Management in 2010, Keith was Senior Vice President, and Director of Global Investment Services for Old Mutual Asset Management where he worked with the independent and wirehouse broker dealers. Prior to this role, he was Director of Portfolio Advisory Services at AIM Investments. Keith received his B.A. in Economics from Northern Illinois University.

Brock MorrisSenior Vice President, Engineering and GeologyBlack Stone Mineral Partners LP

Mr. Morris has served as Senior Vice President, Engineering and Geology of our general partner

or its predecessor since 2013. From 2006 to 2013, Mr. Morris served as Managing Director—Exploration and Production of Quintana Capital Group and its energy-focused private equity funds, overseeing all upstream oil and gas investments. He served as Vice President, Exploration and Production of Quintana Minerals Corporation from 1995 to 2006 and in various engineering and management roles at Quintana Petroleum Corporation from 1985 to 1995. Mr. Morris received a B.S. in Petroleum Engineering from Texas A&M University.

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A permanent web-based resource, www.maritimecsr.com not only centralizes information on corporate social responsibility (CSR) in the shipping and

and practices by governmental and non-governmental organizations, industry associations, and especially companies.

www.maritimecsr.com

Athens:: +30 2106 109800 | New York: +1 (212) 661-7566 | London: +44(0) 20 3206 1322Email: [email protected]

Maritime

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SPEAKER BIOSFrank MurphyManaging Director, Co-Head of Energy GroupRW Baird

Frank joined Baird in 2010. Previously, he had been with Wells Fargo Securities as a Managing

Director since its December 2008 acquisition of Wachovia Securities. Frank had joined Wachovia in 2008 upon its merger with A.G. Edwards. At A.G. Edwards he was Managing Director and co-head of Energy Investment Banking. Frank joined A.G. Edwards in 1997. He has been involved as the lead energy banker on a broad range of equity, debt and advisory transactions for master limited partnership (MLP) and exploration and production (E&P) companies. He also serves on the Board of the National Association of Publicly Traded Partnerships in Washington, D.C.

Prior to joining A.G. Edwards, Frank was Vice President, Corporate Finance of American Exploration Company, a publicly held independent oil and gas company based in Houston, Texas. Frank received a BA degree in Economics from the University of Vermont.

Ben NolanDirectorStifel Financial Corp.

Mr. Ben Nolan joined Stifel in May 2013 as Director covering the shipping and offshore sectors. Most recently Mr. Nolan was part of

Knight Capital covering both equity and debt of companies in the maritime sector. Prior to Knight, he spent six years at Jefferies as an equity research analyst covering the shipping sector. In addition to equity research, Mr. Nolan spent several years as a corporate financial analyst for EOG Resources in the oil and gas business.

Mr. Nolan graduated from Texas A&M University with a B.B.A. in Finance and received his M.B.A. from the University of Houston. Mr. Nolan is also a CFA charterholder.

Andrew J. OrekarChief Executive OfficerGasLog Partners LP

Andrew J. Orekar became Chief Executive Officer of GasLog Partners upon the closing of the initial

public offering on May 12, 2014. Before joining GasLog Partners, Mr. Orekar served as Managing Director at Goldman, Sachs & Co., where he advised global natural resources companies on strategy, mergers and acquisitions, corporate finance and capital markets transactions. Mr. Orekar joined Goldman Sachs in 1998 and held several positions of increasing responsibility within the Investment Banking Division.

Mr. Orekar received B.S. (Wharton School, Finance) and B.A. (English) degrees from the University of Pennsylvania in 1998.

Shawn Radtke CFO 3Bear Energy LLC

Mr. Radtke is currently the CFO of 3Bear Energy, a privately held midstream energy company

seeking to construct and acquire domestic midstream oil and gas assets. 3Bear is backed by GSO Capital Partners, a division of Blackstone, and Wells Fargo Capital. Prior to joining 3Bear, Mr. Radtke supported Business Development and Corporate Finance efforts at Bear Tracker Energy, a Rockies-focused midstream company (also backed by GSO) that was successfully sold to Summit Midstream in 2013. Mr. Radtke has also worked at Credit Suisse, Oppenheimer & Co. and Ernst & Young. He has a Bachelor’s Degree in Finance from the University of Nebraska and is a Chartered Financial Analyst.

Lori L. RitterChief Financial Officer and Chief Accounting OfficerCNX Coal Resources LP

Lorraine Ritter was appointed Chief Financial Officer and Chief Accounting Officer of our general partner as of March 16, 2015. She serves as Principal Accounting Officer, Vice President and Controller for CONSOL Energy.

Ms. Ritter joined CONSOL Energy’s Accounting Department in November 1989, where she has served in various positions of increasing responsibility and was promoted to Vice President and Controller of CONSOL Energy effective April 2005. Most recently, she was appointed Principal Accounting Officer of CONSOL Energy in March 2013. Prior to joining CONSOL Energy, Ms. Ritter began her professional career as an auditor with Ernst & Young LLP.

Ms. Ritter received her B.S. in Accounting from Grove City College. She is licensed as a Certified Public Accountant in Pennsylvania.

Graham RobjohnsChief Executive OfficerGolar LNG Partners LP

Graham Robjohns is Chief Executive Officer of Golar LNG Partners L.P.; a marine based MLP that operates in the LNG marine midstream

sector. He has been Chief Executive of Golar LNG Partners since April 2011. Mr Robjohns also served as Chief Executive Officer of Seadrill Partners LP from June 2012 until September 2015. He remains on the Board of Seadrill Partners LP. He served as the Chief Financial Officer of Golar LNG Limited from November 2005 until June 2011 and also served as Chief Executive Officer of Golar LNG Management from November 2009 until July 2011. Mr. Robjohns served as Group Financial Controller of Golar LNG from May 2001 to November 2005 and as Chief Accounting Officer from June 2003 until November 2005. He was the Financial Controller of Osprey Maritime (Europe) Ltd from March 2000 to May 2001. From 1992 to March 2000 he worked for Associated British Foods Plc. and then Case Technology Ltd (Case), both manufacturing businesses, in various financial management positions and as a director of Case. Prior to 1992, Mr. Robjohns worked for PricewaterhouseCoopers in

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SPEAKER BIOStheir corporation tax department. He is a member of the Institute of Chartered Accountants in England and Wales.

Jeff Rogatz Managing Director, Real Estate Investment BankingRW Baird

Jeff joined Baird in 2011 as a Managing Director in the Real Estate Investment Banking Group based in McLean, Virginia. His primary areas of focus are equity and M&A opportunities in the office, industrial and health care related real estate space. With more than 20 years in the industry, Jeff has extensive experience including numerous initial public offerings, perpetual preferred offerings, corporate bond and convert offerings, merger and acquisition advisories, asset-level joint ventures, private placements and general financial advisory.

Prior to Baird, Jeff was President of Ridgeway Capital LLC. He also served as Chief Financial Officer of Brandywine Realty Trust and, prior to that, was the Head of the REIT practice at Legg Mason Wood Walker.

Jeff earned a BS in systems engineering from the University of Virginia and a MBA from The College of William & Mary.

J. Parker RoySenior Managing Director, Head of Business Development Cushing Asset Management

Parker began his financial services career in 1995 with Salomon Smith Barney as a Financial Advisor in the New Orleans, LA complex. After 10 years as an Advisor and obtaining his Masters of Business Administration (MBA), he then moved into management with Smith Barney’s Consulting Group (The Consulting Group) as a Regional Sales Director, focusing on Fee-Based practice management and Advisory Solutions. In 2008, he ascended to the National Business Development Directors role with The Consulting Group focused on driving adoption of open architecture and “Rep as Advisor” platforms. In 2010, following the integration of the Morgan Stanley Smith Barney joint venture, he joined Cushing Asset Management as Senior Managing Director and Head of Business Development to specifically design, build, and launch the Firm’s open-end mutual fund platform and subsequently helped facilitate the strategic partnership now established with NY Life’s Mainstay Funds. He sits on the Executive Committee at Cushing Asset Management, has a BA in Economics from Rollins College, and an MBA from Tulane University’s AB Freeman School of Business. He lives in Dallas, TX and is originally from New Orleans, LA.

Ryan SmithDirector, Investor RelationsPlains All American Pipeline, LPPlains GP Holdings

Ryan Smith is Director, Investor Relations at Plains All American Pipeline, L.P. and Plains GP Holdings. Prior to

his current role, Mr. Smith served as Director of Risk Management – Plains Natural Gas Storage from April 2011 to March 2014, and in a variety of accounting roles including Director of Technical Accounting from January 2006 to April 2011. Prior to joining Plains in 2006, Mr. Smith was a Senior Analyst at Dynegy Inc. serving in both financial reporting and treasury roles. Mr. Smith received a Bachelor and Master of Science degree in accounting from Texas A&M University and a Master of Science in finance from the University of Houston. Mr. Smith is a Certified Public Accountant and resides in Houston, Texas.

Brian SulleyVice PresidentTortoise Capital Advisors

Mr. Brian Sulley joined Tortoise Capital in 2010. Mr. Sulley focuses on business and product development. Previously, he served as a senior

financial analyst with the Cerner Corp., where he was responsible for financial modeling and analysis across business lines. Mr. Sulley graduated from the University of Tulsa with a Bachelor of Science in business administration and finance and a Master of Science in finance. He is a CFA charterholder.

Richard TyrrellChief Executive Officer and Chief Financial OfficerHöegh LNG Partners LP

Richard Tyrrell joined Leif Höegh UK in January 2014 in readiness to serve as the Chief Executive Officer and Chief Financial Officer of Höegh LNG Partners. Prior to joining Leif Höegh UK, Mr. Tyrrell served as a Managing Director in the energy team of Perella Weinberg Partners, a global, independent advisory and asset management firm, from June 2009 until January 2014. From 2008 to February 2009, Mr. Tyrrell was an investment professional with Morgan Stanley Infrastructure, an infrastructure investment and management platform with $4 billion under management, where he evaluated principal investment opportunities. From 2003 to 2008, Mr. Tyrrell worked for various departments of Morgan Stanley’s Investment Banking Division, including its Global Energy and Utilities Group and its United Kingdom Mergers and Acquisitions Group. From 1994 to 2000, Mr. Tyrrell served as a technical manager and field engineer for Schlumberger Limited in Australia and Southeast Asia. Mr. Tyrrell has a Master of Business Administration from Harvard Business School and an undergraduate degree in Mechanical Engineering from the Imperial College of Science, Technology and Medicine.

Brian Van der WaagDirector, Investment BankingJanney Montgomery Scott LLC

Mr. Van der Waag is a Director in the Infrastructure Investment Banking Group, focusing primarily on

the energy & shipping sectors.

Mr. Van der Waag joined Janney in 2011 and has 10 years of investment banking experience. Prior to joining Janney, Mr. Van der Waag was an Associate in Deutsche Bank’s Global Investment

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SPEAKER BIOSBanking division in London where he worked on a number of cross border M&A and capital markets transactions. Prior to Deutsche Bank, Mr. Van der Waag spent three years as an Analyst with The Blackstone Group in New York.

Mr. Van der Waag received an M.B.A. from Georgetown University. He received a B.S. in Finance and Marketing from Georgetown University.

Joel WhiteVice President TaxShell Midstream Partners GP LLC

Joel White has been the VP Tax, Shell Midstream Partners GP LLC since the Shell Midstream Partners IPO in 2014. Joel has been with Shell Oil Company for over 4 years serving in various tax leadership roles prior to his current assignment. Joel has 19 over years of tax experience in federal, international and state taxation working across the areas of tax planning, compliance, reporting and controversy.

Joel began his career in public accounting with Price Waterhouse in 1997 where he spent the first 10 years of his career. He then joined an independent refining and marketing company in 2007 as the Director of Tax Planning and Research to support international expansion, new business development and the initial stages of MLP

planning. While he was there he became the Director of Income Tax Planning, Compliance and Audits. In 2010, Joel returned to PricewaterhouseCoopers as a Director before joining Shell in 2012. Joel is a Certified Public Accountant and holds an active license in Texas. He is also a member of the AICPA and holds a CGMA designation. Joel is a graduate of Texas A&M University with a Bachelors of Business Administration in Accounting and a Masters of Science in Taxation.

Gerald F. WillingerChief Executive OfficerSanchez Production Partners LP

Gerald F. Willinger is Chief Executive Officer of Sanchez Production Partners LP and a

member of the general partner’s board of directors. Mr. Willinger is also a Managing Partner of Sanchez Capital Advisors, LLC and Manager and Co-founder of Sanchez Resources, LLC, an oil and gas company, where he currently serves as a Director. Prior to joining Sanchez Capital Advisors, Mr. Willinger worked with Silver Point Capital, LLC, a credit-opportunity fund, and served in various private equity investment management roles at Cypress Group, LLC and MidOcean Partners, LLC (f/k/a DB Capital Partners, LLC). Prior to those roles, Mr. Willinger was an investment banker with Goldman, Sachs & Co.

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Capital Link ...your link with the global investment community

Excellence in Investor Relations and Financial Communications Your Link With the Global Investment Community With its headquarters in New York and presence in London, Athens and Oslo, Capital Link has been active since 1995 in the field of Investor Relations and Financial Communication. Its activities focus mainly on three areas: 1) Linking companies with strategic and institutional investors, bankers, analysts, and the financial media in Europe and the United States, 2) American Closed-End Funds, ETFs and MLPs, 3) Listed shipping Companies. Capital Link's programs combine IR, IT and financial media in one comprehensive package enabling Companies to maximize their penetration and recognition in the global investment community.

Capital Link maintains close collaboration with the three main US Stock Exchanges (New York Stock Exchange, American Stock Exchange (now part of NYSE) and NASDAQ), the London Stock Exchange, the Athens Stock Exchange as well as numerous companies in Greece, Europe, US and Chile. It also organizes annually in New York, London and Athens a series of Investment Forums focusing on its main activity fields (www.capitallinkforum.com).

Capital Link has a leading position globally in the area of Investor Relations with respect to shipping, as it cooperates with the majority of shipping companies listed on the three US Stock Exchanges, as well as in London (LSE and AIM) and Milan. Capital Link is by far the most recognizable IR firm in this sector with unique access to investors, analysts, media and bankers. It has built the most extensive and effective platform for linking Listed shipping Companies with the investment community in Europe and the United States. Capital Link is a member of the Baltic Exchange and organizes regularly Analyst and CEO Forums on tankers, containers and dry bulk shipping. Additionally, it holds annually the "Invest in International Shipping" Capital Link Forums in New York and London. Finally, it also maintains a shipping portal with information on all UK and US Listed shipping Companies (www.capitallinkshipping.com).

Capital Link has also a leading position in US Closed-End funds, ETFs and MLPs, as it cooperates with the major fund sponsors in these sectors. The Annual Capital Link "Closed-End Fund and Global ETF" Forum taking place in New York is considered the most significant Forum of the sector. In the context of this Forum, Capital Link organizes the "Annual Closed-End Fund & Global ETF Awards" which recognize funds and managers who adhere to high standards of Corporate Governance, financial disclosure and Investor Relations. Capital Link also maintains a portal with information on these funds (www.closedendfundforum.com).

Capital Link has built one of the most extensive and effective networks for the promotion of international companies that want to access the European and US capital markets. In this area, Capital Link has built extensive regional expertise across developed and emerging markets having worked with listed companies and capital markets related organizations from several countries, including Canada, Chile, Cyprus, Greece, France, Germany, Ireland, Italy, Portugal, Russia, Spain, Switzerland, Turkey, United Kingdom and the United States. Also, broad and diversified industry expertise with a client base across several sectors - banking & finance, chemicals, cement & construction, food and beverage, insurance, investment management, IT & computers, mining, oil & energy, packaging, pharmaceuticals & cosmetics, retailing, telecommunications, transportation etc.

Capital Link is proud to have worked with several governmental organizations organizing presentations to U.S. investors for the Finance Ministers of Bulgaria, France, Greece and Portugal. We have worked with the majority of Stock Exchanges in the United States and Europe (New York, American, NASDAQ, Chicago Board Options Exchange, Athens Exchange, Euronext, London Stock Exchange/ AIM, Deutsche Boerse, Lisbon Stock Exchange, MICEX, Swiss Exchanges. The Paris Bourse was our first client in 1995.

Capital Link - New York - London - Athens - Oslo New York - 230 Park Avenue, Suite 1536, New York, NY, 10169 Tel.: +1 212 661 7566 Fax: +1 212 661 7526 London - Longcroft House,2-8 Victoria Avenue, London, EC2M 4NS, U.K Tel. +44(0) 203 206 1320 Fax. +44(0) 203 206 1321 Athens - 40, Agiou Konstantinou Str, Suite A 5, 151-24 Athens, Greece Tel. +30 210 6109 800 Fax +30 210 6109 801 Oslo - Raadhusgaten 25, P.O.Box 1904 Vika • N-0116 Oslo, Norway

www.capitallink.com www.capitallinkforum.com

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NEW YORK, USA230 Park Avenue, Suite 1536New York, NY 10169Tel.: +1 (212) 661 7566Fax.: +1 (212) 661 7526

LONDON, UK2/8 Victoria Avenue, Longcroft HouseLondon, EC2M 4NSTel.: +44 (0) 203 206 1322Fax.: +44 (0) 203 206 1321

ATHENS, GREECEAgiou Konstantinou 40, # A5151-24 Maroussi, Athens - GreeceTel.: +30 (210) 6109 800Fax.: +30 (210) 6109 801

OSLO, NORWAYRaadhusgaten 25, P.O.Box 1904 VikaN-0116 Oslo, Norway

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