BREITBURN ENERGY PARTNERS LP RESTRICTED PHANTOM UNIT AGREEMENTRestricted Phantom Unit Agreement • March 2nd, 2015 • Breitburn Energy Partners LP • Crude petroleum & natural gas • Delaware
Pursuant to this Restricted Phantom Unit Agreement (the “Agreement”), Breitburn GP LLC (the “Company”), as the general partner of Breitburn Energy Partners LP, a Delaware limited partnership (the “Partnership”), hereby grants to [Name] (the “Participant”) the following award of Restricted Phantom Units (“RPUs”), pursuant and subject to the terms and conditions of this Agreement and the Partnership’s First Amended and Restated 2006 Long-Term Incentive Plan (the “Plan”), the terms and conditions of which are hereby incorporated into this Agreement by reference. Each RPU shall constitute a Phantom Unit under the terms of the Plan and is hereby granted in tandem with a corresponding DER, as further detailed in Section 3 below. Except as otherwise expressly provided herein, all capitalized terms used in this Agreement, but not defined, shall have the meanings provided in the Plan.
FIRST AMENDMENT TO BREITBURN ENERGY PARTNERS LP 2006 LONG TERM INCENTIVE PLAN CONVERTIBLE PHANTOM UNIT AGREEMENTSFirst Amendment • March 2nd, 2015 • Breitburn Energy Partners LP • Crude petroleum & natural gas • Delaware
This First Amendment (this “Amendment”) to the Convertible Phantom Unit Agreement by and between Breitburn GP LLC (“Breitburn GP”) and ______________ (the “Participant”), with a grant date of January 28, 2013 (the “2013 CPU Agreement”) and issued under the Breitburn Energy Partners LP’s (“Partnership”) First Amended and Restated 2006 Long Term Incentive Plan (the “Plan”), was approved on January 26, 2015 by the Compensation and Governance Committee of the Board of Directors of Breitburn GP (the “Board”), acting in its capacity as the Administrator of the Plan and as General Partner of Breitburn Energy Partners LP and is entered into between Breitburn GP and the Participant as of the date hereof.
FIRST AMENDMENT TO BREITBURN ENERGY PARTNERS LP 2006 LONG TERM INCENTIVE PLAN CONVERTIBLE PHANTOM UNIT AGREEMENTSFirst Amendment • March 2nd, 2015 • Breitburn Energy Partners LP • Crude petroleum & natural gas • Delaware
This First Amendment (this “Amendment”) to the Convertible Phantom Unit Agreement by and between Breitburn GP LLC (“Breitburn GP”) and [NAME] (the “Participant”), with a grant date of January 29, 2014 (the “2014 CPU Agreement”) and issued under the Breitburn Energy Partners LP’s (“Partnership”) First Amended and Restated 2006 Long Term Incentive Plan (the “Plan”), was approved on January 26, 2015 by the Compensation and Governance Committee of the Board of Directors of BreitBurn GP (the “Board”), acting in its capacity as the Administrator of the Plan and as General Partner of Breitburn Energy Partners LP and is entered into between Breitburn GP and the Participant as of the date hereof.
