GENESIS ENERGY, INC. 2007 LONG TERM INCENTIVE PLAN FORM OF PHANTOM UNIT GRANT AGREEMENT (3-YEAR CLIFF)Phantom Unit Grant Agreement • December 21st, 2007 • Genesis Energy Lp • Wholesale-petroleum bulk stations & terminals
Genesis Energy, Inc. (the “General Partner”) is pleased to inform you that you have been granted the number of Phantom Units set forth above under the Genesis Energy, Inc. 2007 Long Term Incentive Plan (the “Plan”). A Phantom Unit is a contractual right to receive a Unit of Genesis Energy, L.P. (the “Partnership”) that is subject to the forfeiture and non-transferability provisions (the “Restrictions”) set forth in Section 2 of this Phantom Unit Grant Agreement (the “Agreement”). The terms of the grant are as follows:
