Richard D. Waters

Richard D.
Waters, Jr. serves as a member of the Board of Directors of our general partner.
He has served as a Director since June 2002.
He is a partner of JPMorgan Partners, the private equity investing arm of J.P.
Morgan Chase & Co. Prior to joining Chase Capital Partners, the predecessor to JPMorgan Partners, in 1996, he had served in Chase's Merchant Banking Group since 1986.
JPMorgan Partners held a warrant to acquire 656.84 shares of Martin Resource Management common stock.
Richard D.
Waters Jr. is a partner of JPMorgan Partners and, as a result, he may have been deemed to be the beneficial owner of the securities owned by JPMorgan Partners.
In November 2004, Martin Resource Management completed its repurchase of this warrant for approximately $6.5 million.
We were not be a party to any such transaction nor did we fund any portion of the purchase price paid by Martin Resource Management.
Mr. Waters received a bachelor of arts degree in economics from Hamilton College and a master of business administration degree from Columbia University.