Atlas Pipeline Partners 10-Q 2004 Q3 Quarterly report

NOTICE OF INCREASE OF AGGREGATE MAXIMUM REVOLVER AMOUNT

August 17, 2004

Wachovia Bank, National Association
1001 Fannin, Suite 2255
Houston, Texas 77002
Attention:   Russell Clingman

      Reference is made to that certain Revolving Credit and Term Loan Agreement dated as of July 16, 2004 (as amended, supplemented or otherwise modified from time to time, the“Credit Agreement“; terms defined in the Credit Agreement and not otherwise defined herein being used herein as therein defined), among Atlas Pipeline Partners, L.P., a Delaware limited partnership (the“Borrower“), the Guarantors named therein, the Lenders party thereto, and Wachovia Bank, National Association, as Administrative Agent for the Lenders.

       The Borrower hereby gives you notice that:

        (a)        each of the Revolver Lenders (each, an“Increasing Revolver Lender,“ and collectively, the“Increasing Revolver Lenders“) has agreed with the Borrower to increase its Revolver Commitment under the Credit Agreement;

        (b)        upon the increase of the Revolver Commitments of the Increasing Revolver Lenders, the Maximum Aggregate Revolver Amount shall be $75,000,000;

        (c)        the proposed Increase Effective Date is August 17, 2004; and

        (d)        set forth onExhibit A hereto is a revisedAnnex I to the Credit Agreement, which sets forth the amount of the respective Commitments of all Lenders (including the Increasing Revolver Lenders) immediately after the increase in the Aggregate Maximum Revolver Amount on the Increase Effective Date.

       The Borrower represents and warrants that (i) no Default or Event of Default exists or will result from the increase in the Aggregate Maximum Revolver Amount, (ii) it has executed and delivered the documentation contemplated bySection 2.11(e) of the Credit Agreement, and (iii) all conditions precedent to the increase of the Aggregate Maximum Revolver Amount set forth inSections 2.11 and6.03 of the Credit Agreement have been satisfied.

Remainder of Page Intentionally Blank;
Signature Page to Follow.

Very truly yours,

ATLAS PIPELINE PARTNERS, L.P.,

a Delaware limited partnership

By:  Atlas Pipeline Partners GP, LLC,

        its general partner

     By:  /s/ Frank P. Carolas

              Name:  Frank P. Carolas

              Title:  Vice President

Signature Page to
Notice of Increase of Aggregate Maximum Revolver Amount

        Each of the undersigned Guarantors ratifies and affirms its Guaranty and consents to the increase in the Aggregate Maximum Revolver Amount to $75,000,000 on the Increase Effective Date.

ATLAS PIPELINE NEW YORK, LLC,

a Pennsylvania limited liability company

By:  Atlas Pipeline Operating Partnership, L.P.,

        a Delaware limited partnership

        and its sole member

         By:   Atlas Pipeline Partners GP, LLC

                  a Delaware limited liability company

                  and its sole general partner

                   By:  /s/ Frank P. Carolas

                   Name:  Frank P. Carolas

                   Title:  Vice President

ATLAS PIPELINE OHIO, LLC,

a Pennsylvania limited liability company

By:  Atlas Pipeline Operating Partnership, L.P.,

        a Delaware limited partnership

        and its sole member

         By:   Atlas Pipeline Partners GP, LLC

                  a Delaware limited liability company

                  and its sole general partner

                   By:  /s/ Frank P. Carolas

                   Name:  Frank P. Carolas

                   Title:  Vice President

Signature Page to
Notice of Increase of Aggregate Maximum Revolver Amount

ATLAS PIPELINE PENNSYLVANIA, LLC,

a Pennsylvania limited liability company

By:  Atlas Pipeline Operating Partnership, L.P.,

        a Delaware limited partnership

        and its sole member

         By:   Atlas Pipeline Partners GP, LLC

                  a Delaware limited liability company

                  and its sole general partner

                   By:  /s/ Frank P. Carolas

                   Name:  Frank P. Carolas

                   Title:  Vice President

ATLAS PIPELINE OPERATING PARTNERSHIP, L.P.,

a Delaware limited partnership

         By:   Atlas Pipeline Partners GP, LLC

                  a Delaware limited liability company

                  and its sole general partner

                   By:  /s/ Frank P. Carolas

                   Name:  Frank P. Carolas

                   Title:  Vice President

SPECTRUM FIELD SERVICES LLC,

a Delaware limited liability company

By:  Atlas Pipeline Operating Partnership, L.P.,

        a Delaware limited partnership

        and its sole member

         By:   Atlas Pipeline Partners GP, LLC

                  a Delaware limited liability company

                  and its sole general partner

                   By:  /s/ Frank P. Carolas

                   Name:  Frank P. Carolas

                   Title:  Vice President

Signature Page to
Notice of Increase of Aggregate Maximum Revolver Amount

Acknowledged and Agreed:

WACHOVIA BANK, NATIONAL ASSOCIATION,

as Administrative Agent and an Increasing Lender

By:  /s/ Russell T. Clingman

        Name:  Russell T. Clingman

        Title:  Director

Signature Page to
Notice of Increase of Aggregate Maximum Revolver Amount

KEYBANK NATIONAL ASSOCIATION,

as an Increasing Lender

By:  /s/ Keven D. Smith

        Name:  Keven D. Smith

        Title:  Vice President

Signature Page to
Notice of Increase of Aggregate Maximum Revolver Amount

BANK OF OKLAHOMA N.A.,

as an Increasing Lender

By:  /s/ Lindsay Sherrer

        Name:  Lindsay Sherrer

        Title:  AVP

Signature Page to
Notice of Increase of Aggregate Maximum Revolver Amount

WELLS FARGO BANK, N.A.,

as an Increasing Lender

By:  /s/ Lester J.N. Keliher

        Name:  Lester J.N. Keliher

        Title:  Senior Vice President

Signature Page to
Notice of Increase of Aggregate Maximum Revolver Amount

FLEET NATIONAL BANK,

as an Increasing Lender

By:  /s/ Michael J. Brochetti

        Name:  Michael J. Brochetti

        Title:  Director

Signature Page to
Notice of Increase of Aggregate Maximum Revolver Amount

FORTIS CAPITAL CORP.,

as an Increasing Lender

By:  /s/ Darrell W. Holley

        Name:  Darrell W. Holley

        Title:  Managing Director

By:  /s/ David Montgomery

        Name:  David Montgomery

        Title:  Senior Vice President

Signature Page to
Notice of Increase of Aggregate Maximum Revolver Amount

GUARANTY BANK,

as an Increasing Lender

By:  /s/ Jim R. Hamilton

        Name:  Jim R. Hamilton

        Title:  Senior Vice President

Signature Page to
Notice of Increase of Aggregate Maximum Revolver Amount

BANK OF SCOTLAND,

as an Increasing Lender

By:  /s/ Karen Workman

        Name:  Karen Workman

        Title:  Assistant Vice President

Signature Page to
Notice of Increase of Aggregate Maximum Revolver Amount

COMERICA BANK,

as an Increasing Lender

By:  /s/ Huma Vadgama

        Name:  Huma Vadgama

        Title:  Vice President

Signature Page to
Notice of Increase of Aggregate Maximum Revolver Amount

WESTLB AG, NEW YORK BRANCH,

as an Increasing Lender

By:  /s/ Walter T. Duffy III

        Name:  Walter T. Duffy III

        Title:  Director

By:  /s/ Jeffrey S. Davidson

        Name:  Jeffrey S. Davidson

        Title:  Associate Director

Signature Page to
Notice of Increase of Aggregate Maximum Revolver Amount

COMPASS BANK,

as an Increasing Lender

By:  /s/ Dorothy Marchand

        Name:  Dorothy Marchand

        Title:  Senior Vice President

Signature Page to
Notice of Increase of Aggregate Maximum Revolver Amount

UFJ BANK LIMITED, NEW YORK BRANCH,

as an Increasing Lender

By:  /s/ C. Lawrence Murphy

        Name:  C. Lawrence Murphy

        Title:  Senior Vice President

Signature Page to
Notice of Increase of Aggregate Maximum Revolver Amount

EXHIBIT A

MASIMUM REVOLVER AMOUNTS AND MAXIMUM TERM LOAN AMOUNTS

Name of Lender	Maximum Revolver Amount	Maximum Term Loan Amount
Wachovia Bank, National Association	$7,638,888	$6,111,112
KeyBank National Association	$7,638,888	$6,111,112
Bank of Oklahoma N.A.	$6,944,444	$5,555,556
Wells Fargo Bank, N.A.	$6,944,444	$5,555,556
Fleet National Bank	$6,944,444	$5,555,556
Fortis Capital Corp.	$5,555,556	$4,444,444
Guaranty Bank	$5,555,556	$4,444,444
Bank of Scotland	$5,555,556	$4,444,444
Comerica Bank	$5,555,556	$4,444,444
WestLB AG, New York Branch	$5,555,556	$4,444,444
Compass Bank	$5,555,556	$4,444,444
UFJ Bank Limited, New York Branch	$5,555,556	$4,444,444
TOTAL	$75,000,000	$60,000,000