0000844965-12-000082 Sample Contracts

COMPRESSCO PARTNERS, L.P. NON-EMPLOYEE DIRECTOR PHANTOM UNIT AGREEMENT
Phantom Unit Agreement • June 1st, 2012 • Compressco Partners, L.P. • Oil & gas field services, nec • Delaware

This Phantom Unit Agreement (this “Agreement”) is made as of _____________, between Compressco Partners GP Inc., a Delaware corporation (the “Company”), as the General Partner of Compressco Partners, L.P. (the “Partnership”), and __________________________ (the “Director”) pursuant to the terms and conditions of the Compressco Partners, L.P. 2011 Long Term Incentive Plan (the “Plan”). The Director acknowledges receipt of a copy of the Plan, and agrees that the terms and provisions of the Plan, including any future amendments thereto, shall be deemed a part of this Agreement as if fully set forth herein. Capitalized terms used in this Agreement but not otherwise defined herein shall have the meanings ascribed to such terms in the Plan, unless the context requires otherwise.

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COMPRESSCO PARTNERS, L.P. PHANTOM UNIT AGREEMENT
Phantom Unit Agreement • June 1st, 2012 • Compressco Partners, L.P. • Oil & gas field services, nec • Delaware

This Phantom Unit Agreement (this “Agreement”) is made as of , between Compressco Partners GP Inc., a Delaware corporation (the “Company”), as the general partner of Compressco Partners, L.P. (the “Partnership”), and __________________________ (the “Employee”) pursuant to the terms and conditions of the Compressco Partners, L.P. 2011 Long Term Incentive Plan (the “Plan”). The Employee acknowledges receipt of a copy of the Plan, and agrees that the terms and provisions of the Plan, including any future amendments thereto, shall be deemed a part of this Agreement as if fully set forth herein. Capitalized terms used in this Agreement but not otherwise defined herein shall have the meanings ascribed to such terms in the Plan, unless the context requires otherwise.

COMPRESSCO PARTNERS, L.P. PERFORMANCE PHANTOM UNIT AGREEMENT
Performance Phantom Unit Agreement • June 1st, 2012 • Compressco Partners, L.P. • Oil & gas field services, nec • Delaware

This Performance Phantom Unit Agreement (this “Agreement”) is made as of _____________, between Compressco Partners GP Inc., a Delaware corporation (the “Company”), as the general partner of Compressco Partners, L.P. (the “Partnership”), and __________________________ (the “Employee”) pursuant to the terms and conditions of the Compressco Partners, L.P. 2011 Long Term Incentive Plan (the “Plan”). The Employee acknowledges receipt of a copy of the Plan, and agrees that the terms and provisions of the Plan, including any future amendments thereto, shall be deemed a part of this Agreement as if fully set forth herein. Capitalized terms used in this Agreement but not otherwise defined herein shall have the meanings ascribed to such terms in the Plan, unless the context requires otherwise.

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