Re: Impact of Transaction on 2017 Stock-Settled Performance UnitsImpact of Transaction on 2017 Stock-Settled Performance Units • February 21st, 2018 • Archrock, Inc. • Natural gas transmission
As you know, on January 1, 2018, Archrock, Inc. (the “Company”), Archrock Partners, L.P. (the “Partnership”) and certain other parties entered into an agreement and plan of merger (the “Merger Agreement”) pursuant to which the Partnership will become a wholly-owned subsidiary of the Company (the “Transaction”). You are receiving this letter (this “Letter”) because the Company granted to you, on March 3, 2017, an award of stock-settled performance units (the “Performance Units”), pursuant to the Company’s 2013 Stock Incentive Plan (the “Plan”) and that certain Award Notice and Agreement between you and the Company (the “Award Notice”), which evidences the grant of the Performance Units. This Letter will govern the impact of the Transaction on the Performance Units. Capitalized terms used and not otherwise defined below will have the meanings specified in the Award Notice.
