0001392091-11-000007 Sample Contracts

BLUEKNIGHT ENERGY PARTNERS G.P., L.L.C. LONG-TERM INCENTIVE PLAN EMPLOYEE PHANTOM UNIT AGREEMENT

Employee Phantom Unit Agreement • March 16th, 2011 • Blueknight Energy Partners, L.P. • Pipe lines (no natural gas) • Delaware

• Contract Type
  Employee Phantom Unit Agreement
• Filed
  March 16th, 2011
• Company
  Blueknight Energy Partners, L.P.
• Industry
  Pipe lines (no natural gas)
• Jurisdiction
  Delaware

This Phantom Unit Agreement (“Agreement”) between Blueknight Energy Partners G.P., L.L.C. (the “Company”) and ______________ (the “Participant”), regarding an award (“Award”) of ________________ Phantom Units (as defined in the Blueknight Energy Partners G.P., L.L.C. Long-Term Incentive Plan (the “Plan”)) granted to the Participant on __________________ (the “Grant Date”), such number of Phantom Units subject to adjustment as provided in the Plan, and further subject to the following terms and conditions: