Prior to the Closing, PAA GP Holdings LLC (PAGP GP) managed the business and affairs of Plains GP Holdings, L.P (PAGP), and Plains All American GP LLC (GP LLC) managed the business and affairs of Plains All American Pipeline, L.P (PAA) and Plains AAP, L.P (AAP). Pursuant to the A&R GP LLC Agreement, PAGP, as the sole member of GP LLC, has the sole authority to manage the business and affairs of GP LLC, and the current board of directors of GP LLC (GP LLC board) was eliminated. As a result, the PAGP GP board will have responsibility for managing the business and affairs of each of PAGP, AAP and PAA. At the Closing, Messrs. Christopher M. Temple, Gary R. Petersen and J. Taft Symonds, who were the directors of the GP LLC board that were not also directors of the PAGP GP board, were added to the PAGP GP board. Victor Burk and Bobby S. Shackouls, who were not members of the GP LLC board, are current members of the PAGP GP board.
Plains All American Pipeline, L.P. is a midstream service provider in North America. The Company owns a network of pipeline transportation, terminalling, storage and gathering assets in key crude oil and natural gas liquids (NGL) producing basins (including the Permian Basin) and transportation corridors and at major market hubs in the United States and Canada. It has two segments: Crude Oil and Natural Gas Liquids (NGL). Its Crude Oil segment operations generally consist of gathering and transporting crude oil using pipelines, gathering systems, trucks and at times on barges or railcars, in addition to providing terminalling, storage and other facilities-related services utilizing its integrated assets across the United States and Canada. Its NGL segment operations involve natural gas processing and NGL fractionation, storage, transportation and terminalling. NGL segment is involved in gathering, fractionation, storage, and/or terminalling services to third-party customers.
PLAINS ALL AMERICAN PIPELINE, L.P. 
