Document:

exv10w4

Exhibit 10.4

FORM
OF
COMPRESSCO PARTNERS, L.P.

2011 LONG TERM INCENTIVE PLAN

RESTRICTED UNIT AGREEMENT

	 	 	 	 	 

	 
	 	 	 	 
	Employee:                             

	 	Date of Grant:                    
	 	Number of Restricted Units:                     

     This Restricted Unit Agreement (this “Agreement”) is made as of                                          between
Compressco Partners GP Inc., a Delaware corporation (the “Company”), 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.

     WHEREAS, the Board of Directors of the Company (the “Board”), has adopted the Plan to, among
other things, attract, retain and motivate certain employees, directors and consultants of the
Company, the Partnership and their respective Affiliates (each, a “Company Entity” and,
collectively, the “Company Entities”); and

     WHEREAS, the Company desires to grant to the Employee on the terms and conditions set forth
herein and in the Plan, and the Employee desires to accept on such terms and conditions, the number
of Restricted Units set forth herein.

     NOW, THEREFORE, in consideration of the Employee’s agreement to provide or to continue
providing services for the benefit of the Company Entities, the Company and the Employee agree as
follows:

     1. Grant of Restricted Units. The Company hereby grants to the Employee, effective as
of                      (the “Date of Grant”),
                     Restricted Units, subject to all of the terms
and conditions set forth in the Plan and in this Agreement (the “Restricted Units”).

     2. Forfeiture Restrictions. The Restricted Units may not be sold, assigned, pledged,
exchanged, hypothecated, or otherwise transferred, encumbered, or disposed of to the extent then
subject to the Forfeiture Restrictions (as defined below), and in the event of the termination of
the Employee’s employment with the Company Entities for any reason or no reason whatsoever, except
as provided below, the Employee shall automatically upon such termination, for no consideration,
forfeit to the Company all of the Restricted Units to the extent then subject to the Forfeiture
Restrictions. The prohibition against transfer and the obligation to forfeit the Restricted Units
to the Company upon termination of employment are referred to herein as the “Forfeiture
Restrictions.”

 

 

     3. Rights of Employee. The Restricted Units shall be evidenced either (a) by
certificates issued in the Employee’s name that are retained by the Company until the Restricted
Units are no longer subject to the Forfeiture Restrictions or are forfeited or (b) in book entry
form by the Partnership’s transfer agent with a notation that they are subject to restrictions.
Notwithstanding the foregoing, the Employee shall have all voting rights, if any, with respect to
the Restricted Units and the right to receive any Unit Distribution
Rights thereon; provided,
however, that any Unit Distribution Rights made by the Partnership with respect to a Restricted
Unit that remains subject to the Forfeiture Restrictions at the time such Unit Distribution Right
is made shall be held by the Company and shall be paid to the Employee (without interest) when the
Restricted Unit with respect to which such Unit Distribution Right was made vests or shall be
forfeited when such Restricted Unit is forfeited, as the case may be. Notwithstanding the
preceding provisions of this Section 3, the Restricted Units shall be subject to all of the
restrictions described herein, including, without limitation, the Forfeiture Restrictions.

     4. Vesting of Restricted Units. Except as otherwise provided in this Agreement, the
Restricted Units will vest in accordance with the vesting schedule set forth in the following
table, provided that the Employee remains continuously employed by a Company Entity from the Date
of Grant through each vesting date set forth below (each, a “Vesting Date”):

	 	 	 	 	 
	Vesting Date	 	Cumulative Vested Percentage
	January 4, 2___
	 	 	331⁄3	%
	January 4, 2___
	 	 	662⁄3	%
	January 4, 2___
	 	 	100	%

If, on any Vesting Date, the application of the vesting schedule set forth above results in a
fractional Restricted Unit becoming vested, the number of Restricted Units vesting on such date
shall be rounded up to the next whole number of Restricted Units. Restricted Units that have
become vested pursuant to the schedule above are referred to herein as “Vested Units.”

     5. Transferability and Assignment. This Agreement and the Restricted Units granted
hereunder will not be transferable by the Employee other than by will or the laws of descent and
distribution. Any purported transfer, assignment, alienation, pledge, hypothecation, attachment,
sale, transfer or encumbrance shall be null, void and unenforceable against the Company Entities.

     6. Status of Units. The Employee agrees that any Vested Units that he acquires upon
vesting of the Restricted Units will not be sold or otherwise disposed of in any manner that would
constitute a violation of any applicable federal or state securities laws, the Plan or the rules,
regulations and other requirements of the SEC and any stock exchange upon which the Units are then
listed. The Employee also agrees that (a) any certificates representing the Units acquired under
this award may bear such legend or legends as the Committee deems appropriate in order to assure
compliance with applicable securities laws, (b) the Company may refuse to register the transfer of
the Units acquired under this award with the Partnership’s transfer agent if such proposed transfer
would, in the opinion of counsel satisfactory to the Partnership, constitute

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a violation of any applicable securities law, and (c) the Partnership may give related
instructions to its transfer agent, if any, to stop registration of the transfer of the Units to be
acquired under this award. In addition to the terms and conditions provided herein, the Company
may require that the Employee make such covenants, agreements, and representations as the
Committee, in its sole discretion, deems advisable in order to comply with any such laws, rules,
regulations, or requirements.

     7. Tax Withholding. The Company Entities shall have the authority and the right to
deduct or withhold, or to require the Employee to remit to a Company Entity, an amount sufficient
to satisfy all applicable federal, state and local taxes (including the Employee’s employment tax
obligations) required by law to be withheld with respect to any taxable event arising in connection
with the Restricted Units and the Unit Distribution Rights thereon. In satisfaction of the
foregoing requirement, unless either (a) other arrangements have been made that are acceptable to
the applicable Company Entity or (b) the Board or a committee of the Board that is composed solely
of two or more “Non-Employee Directors” within the meaning of Rule 16b-3, the Employee shall
surrender the number of Units otherwise issuable to him having a fair market value equal to the
sums required to be withheld by the applicable Company Entity. In the event that Units that would
otherwise be issued in respect of the Restricted Units are surrendered to satisfy such withholding
obligations, the number of Units that shall be so surrendered shall be limited to the number of
Units that have a Fair Market Value on the date of such surrender equal to the aggregate amount of
such liabilities based on the minimum statutory withholding rates for federal, state, local and
foreign income tax and payroll tax purposes that are applicable to such supplemental taxable
income.

     8. General Provisions.

          (a) Administration. This Agreement shall at all times be subject to the terms and
conditions of the Plan. The Committee shall have sole and complete discretion with respect to all
matters reserved to it by the Plan and all decisions of a majority of the Committee with respect
thereto and this Agreement shall be final and binding upon the Employee and the Company. In the
event of any conflict between the terms and conditions of this Agreement and the Plan, the
provisions of the Plan shall control.

          (b) No Effect on Service. Nothing in this Agreement or in the Plan shall be construed
as giving the Employee the right to be retained in the employ or service of the Company Entities.
Furthermore, the Company Entities may at any time dismiss the Employee from employment free from
any liability or any claim under the Plan or this Agreement, unless otherwise expressly provided in
the Plan, this Agreement or other written agreement.

          (c) Tax Consultation. None of the Board, the Committee or the Company Entities have
made any warranty or representation to the Employee with respect to the income tax consequences of
the grant or vesting of the Restricted Units or the transactions contemplated by this Agreement,
and the Employee represents that he is in no manner relying on such entities or any of their
respective managers, directors, officers, employees or authorized representatives (including
attorneys, accountants, consultants, bankers, lenders, prospective lenders and financial
representatives) for tax advice or an assessment of such tax consequences. The Employee represents
that he has consulted with any tax consultants that the Employee deems advisable in

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connection with the Restricted Units.

          (d) Severability. If any provision of this Agreement is held to be illegal or invalid
for any reason, the illegality or invalidity shall not affect the remaining provisions hereof, but
such provision shall be fully severable and this Agreement shall be construed and enforced as if
the illegal or invalid provision had never been included herein.

          (e) Successors. This Agreement shall be binding upon the Employee, the Employee’s
legal representatives, heirs, legatees and distributees, and upon the Company, its successors and
assigns.

          (f) Entire Agreement. This Agreement constitutes the entire agreement of the parties
with regard to the subject matter hereof, and contains all the covenants, promises,
representations, warranties and agreements between the parties with respect to the Restricted Units
granted hereby. Without limiting the scope of the preceding sentence, all prior understandings and
agreements, if any, among the parties hereto relating to the subject matter hereof are hereby null
and void and of no further force and effect.

          (g) Headings. The titles and headings of Sections are included for convenience of
reference only and are not to be considered in construction of the provisions hereof.

          (h) Governing Law. This Agreement shall be governed by, and construed in accordance
with, the laws of the State of Delaware, without regard to conflicts of law principles thereof.

          (i) Gender. Words used in the masculine shall apply to the feminine where applicable,
and wherever the context of this Agreement dictates, the plural shall be read as the singular and
the singular as the plural.

          (j) Amendments, Suspension and Termination. This Agreement may be wholly or partially
amended or otherwise modified, suspended or terminated at any time or from time to time by the
Board or the Committee (i) to the extent permitted by the Plan, (ii) to the extent necessary to
comply with applicable laws and regulations or to conform the provisions of this Agreement to any
changes thereto or (iii) to settle the Restricted Units pursuant to all applicable provisions of
the Plan. Except as provided in the preceding sentence, this Agreement cannot be modified, altered
or amended, except by a written agreement signed by both the Company and the Employee.

          (k) Insider Trading Policy. The terms of the Company’s insider trading policy with
respect to Units are incorporated herein by reference.

          (l) Clawback. Notwithstanding any provisions in the Plan or this Agreement to the
contrary, any portion of the payments and benefits provided under this Agreement or the sale of the
Units granted hereunder shall be subject to a clawback or other recovery by the Company Entities to
the extent necessary to comply with applicable law including, without limitation, the requirements
of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 or any SEC rule.

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          (m) Community Interest of Spouse. The Employee’s spouse shall be required to execute
the spousal consent set forth on the signature page attached hereto to evidence such spouse’s
agreement and consent to be bound by the terms and conditions of this Agreement and the Plan as to
such spouse’s interest, whether as community property or otherwise, if any, in the Restricted Units
granted to the Employee hereunder.

          (n) Consent to Electronic Delivery; Electronic Signature. In lieu of receiving
documents in paper format, the Employee agrees, to the fullest extent permitted by law, to accept
electronic delivery of any documents that the Company may be required to deliver (including,
without limitation, prospectuses, prospectus supplements, grant or award notifications and
agreements, account statements, annual and quarterly reports, and all other forms of
communications) in connection with this and any other award made or offered by the Company.
Electronic delivery may be via a Company electronic mail system or by reference to a location on a
Company intranet to which the Employee has access. The Employee hereby consents to any and all
procedures the Company has established or may establish for an electronic signature system for
delivery and acceptance of any such documents that the Company may be required to deliver, and
agrees that his or her electronic signature is the same as, and shall have the same force and
effect as, his or her manual signature.

[Signature Page Follows]

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     IN WITNESS WHEREOF, the Company has caused this Agreement to be executed by its duly
authorized officer, effective for all purposes as provided above.

	 	 	 	 	 
	 	COMPRESSCO PARTNERS GP INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	EMPLOYEE

 	 
	 	 	 
	 

SPOUSAL CONSENT

     The Employee’s spouse, if any, is fully aware of, understands and fully consents and agrees to
the provisions of this Agreement and the Plan and their binding effect upon any marital or
community property interests he or she may now or hereafter own, and agrees that the termination of
his or her and the Employee’s marital relationship for any reason shall not have the effect of
removing any Units otherwise subject to this Agreement from coverage hereunder and that his or her
awareness, understanding, consent and agreement are evidenced by his or her signature below.

	 	 	 	 	 
	 	 	 
	 	
 	 
	 	 	 
	 	 	 
	 

Signature Page

to

Restricted Unit Agreementexv10w5

Exhibit 10.5

FORM OF INDEMNIFICATION AGREEMENT

     THIS AGREEMENT (this “Agreement”), made and executed as of ___________, between
Compressco Partners, L.P., a Delaware limited partnership (the “MLP”), and the undersigned
director or officer of the GP (the “Indemnitee”).

WITNESSETH:

     WHEREAS, the MLP Partnership Agreement (as defined below) provides for indemnification of each
director and officer of Compressco Partners GP Inc., a Delaware corporation and general partner of
the MLP (the “GP”), as well as persons serving in various other capacities, to the maximum
extent permitted by law and the Indemnitee is entitled to indemnification pursuant to the MLP
Partnership Agreement;

     WHEREAS, in recognition of the Indemnitee’s need for substantial protection against personal
liability and in order to enhance the Indemnitee’s continued service to the MLP in an effective
manner, the MLP wishes to provide in this Agreement for the indemnification of and the advancing of
expenses to the Indemnitee to the fullest extent permitted by law (whether partial or complete) and
as set forth in this Agreement, and, to the extent insurance is maintained, for the continued
coverage of the Indemnitee under the MLP’s directors’ and officers’ liability insurance policies;

     WHEREAS, the Indemnitee is willing to serve, continue to serve and to take on additional
service for or on behalf of the MLP on condition that the Indemnitee be so indemnified;

     NOW, THEREFORE, in consideration of the premises and the mutual promises and covenants
contained herein, and for other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, each of the MLP and the Indemnitee do hereby covenant and agree as
follows:

AGREEMENT:

     1. DEFINITIONS. For purposes of this Agreement and if not otherwise defined herein, the
following terms shall have the meanings set forth below:

     (a) “Board” means the Board of Directors of the GP.

     (b) “Change in Control” means:

     (i) The acquisition by any “person” (within the meaning of Sections 13(d) and 14(d) of
the Securities Exchange Act of 1934 (the “Exchange Act”)) of beneficial ownership
(within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 50% or more of the
combined voting power of the then-outstanding voting securities of the GP entitled to vote
generally in the election of directors; provided, however, that for purposes of this
Section 1(b), the following shall not constitute a Change in Control:

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(A) any acquisition of securities directly from the GP which is approved by the Incumbent
Board, (B) any acquisition of securities by the GP, (C) any acquisition of securities by any
employee benefit plan (or related trust) sponsored or maintained by the GP, (D) or any
acquisition of securities pursuant to a transaction that complies with clauses (A), (B) and
(C) of Section 1(b)(iii) below;

     (ii) The individuals who, as of the date hereof, constitute the Board (the
“Incumbent Board”) cease for any reason to constitute at least a majority of the
Board; provided, however, that any individual becoming a director subsequent to the date
hereof whose election, or nomination for election by the GP’s stockholders, was approved by
a vote of at least a majority of the directors then comprising the Incumbent Board shall be
considered as though such individual was a member of the Incumbent Board, but excluding, for
this purpose, any such individual whose initial assumption of office occurs as a result of
an actual or threatened election contest with respect to the election or removal of
directors or other actual or threatened solicitation of proxies or consents by or on behalf
of a person other than the Board;

     (iii) The consummation by the GP of a merger, consolidation or business combination or
a sale or other disposition of all or substantially all of the assets of the GP or the
acquisition of assets of another entity (a “Business Combination”), in each case,
unless, immediately following such Business Combination, (A) all or substantially all of the
individuals and entities who were beneficial owners of the outstanding voting securities of
the GP immediately prior to such Business Combination beneficially own, as such, directly or
indirectly, more than 50% of the combined voting power of the then-outstanding voting
securities of the GP or the surviving entity or the parent of such surviving entity
resulting from such Business Combination in substantially the same proportions as their
ownership, immediately prior to such Business Combination, (B) no person (excluding any
employee benefit plan (or related trust) of the GP or such GP resulting from such Business
Combination) beneficially owns, directly or indirectly, 50% or more of the then-outstanding
voting securities of the GP or the surviving entity or the parent of such surviving entity
resulting from such Business Combination, and (C) at least a majority of the members of the
Board of the GP or surviving entity or the parent of such surviving entity resulting from
such Business Combination were members of the Incumbent Board at the time of the execution
of the initial agreement, or the action of the Board, providing for such Business
Combination, or

     (iv) Approval by the stockholders of the GP of a plan of complete liquidation or
dissolution of the GP.

Notwithstanding the foregoing, a Change in Control shall not be deemed to occur solely because any
person acquires beneficial ownership of 50% or more of the outstanding voting securities of the GP
as a result of the acquisition of such securities or stock by the GP, which acquisition reduces the
number of outstanding voting securities of the GP; provided, that if after such acquisition by the
GP such person (while such person remains the beneficial owner of 50% or more of the outstanding
voting securities of the GP) becomes the beneficial owner of additional shares of the voting
securities of the GP and as a result of acquiring such beneficial ownership

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such person’s percentage ownership of the outstanding voting securities of the GP shall increase, a
Change in Control shall then occur.

     (c) “Disinterested Director” means a director of the GP who neither is or was a party
to the Proceeding in respect of which indemnification is being sought by the Indemnitee.

     (d) “Expenses” means and shall include, without limitation, any judgments, fines
(including any excise tax assessed with respect to any employee benefit plan) and penalties against
the Indemnitee in connection with a Proceeding; amounts paid by the Indemnitee in settlement of a
Proceeding; and all attorneys’ fees and disbursements, accountants’ fees, private investigation
fees and disbursements, retainers, court costs, transcript costs, fees of experts, fees and
expenses of witnesses, travel expenses, duplicating costs, printing and binding costs, telephone
charges, postage, delivery service fees, and all other disbursements, or expenses, reasonably
incurred by or for the Indemnitee in connection with prosecuting, defending, preparing to prosecute
or defend, investigating, being or preparing to be a witness in a Proceeding or establishing the
Indemnitee’s right of entitlement to indemnification for any of the foregoing.

     (e) “Independent Counsel” means a law firm or member of a law firm that, as of a
particular date, neither is presently representing, nor in the five years preceding such date has
been retained to represent, (i) the MLP or the Indemnitee in any matter material to either such
party or (ii) any other party to the Proceeding giving rise to a claim for indemnification
hereunder. Notwithstanding the foregoing, the term “Independent Counsel” shall not include any
person who, under the applicable standards of professional conduct then prevailing, would have a
conflict of interest in representing any of the MLP or the Indemnitee in an action to determine the
Indemnitee’s right to indemnification under this Agreement.

     (f) “MLP Partnership Agreement” means the First Amended and Restated Agreement of
Limited Partnership of the MLP, dated as of _____________, as amended or restated from time to
time.

     (g) “Partnership Statute” means the Delaware Revised Uniform Limited Partnership Act.

     (h) “Proceeding” shall include any threatened, pending or completed action, suit,
arbitration, alternate dispute resolution mechanism, investigation, inquiry, administrative hearing
or any other actual, threatened or completed inquiry or proceeding, whether brought by or in the
right of the MLP, or any of its predecessors, subsidiaries or affiliated companies, or otherwise
and whether of a civil, criminal, administrative, legislative, arbitrative or investigative (formal
or informal) nature, including any appeal therefrom, whether by, in or involving a public official,
law enforcement organization, public or government-sponsored board or commission, self-regulatory
body, court or an administrative, other governmental or private entity or body, and in which the
Indemnitee is or will be involved as a party, potential party, non-party, witness or otherwise, by
reason of the fact that the Indemnitee is or was a director or officer of the GP, by reason of any
action taken by him or of any inaction on his part while acting as a director or officer of the GP
or by reason of the fact that he is or was serving at the request of the GP as a director, officer,
trustee, employee, fiduciary or agent of another corporation, partnership, joint

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venture, trust, limited liability company, employee benefit plan or other enterprise; in each
case whether or not he is acting or serving in any such capacity at the time any liability or
expense is incurred for which indemnification or reimbursement can be provided under this
Agreement; provided, that any such action, suit or proceeding which is brought by the Indemnitee
against the MLP or any of its predecessors, subsidiaries or affiliated companies or directors or
officers of the GP, other than an action brought by the Indemnitee to enforce his rights under this
Agreement, shall not be deemed a Proceeding without prior approval by a majority of the Board.

     (i) “Substantiating Documentation” means copies of bills or invoices for costs
incurred by or for the Indemnitee, or copies of court or agency orders or decrees or settlement
agreements, as the case may be, accompanied by a sworn statement from the Indemnitee that such
bills, invoices, court or agency orders or decrees or settlement agreements, represent costs or
liabilities meeting the definition of “Expenses” herein.

     2. SERVICE BY THE INDEMNITEE. The Indemnitee agrees to serve and/or continue to serve as a
director, officer or employee of the GP, as applicable, and/or, at the request of the GP, as a
director, officer, trustee, employee, fiduciary or agent of another corporation, partnership, joint
venture, trust, limited liability company, employee benefit plan or other enterprise. Nothing in
this Agreement shall confer upon the Indemnitee the right to continue in the employ of, or as an
officer or director of, the GP or affect the right of the GP to terminate the Indemnitee’s
employment at any time in the sole discretion of the GP, with or without cause, subject to any
contractual rights of the Indemnitee created or existing under any written employment contract
between the GP and the Indemnitee. The foregoing notwithstanding, this Agreement shall continue in
force after the Indemnitee has ceased to serve as director, officer or employee of the GP, as
applicable.

     3. INDEMNIFICATION OF THE INDEMNITEE. The MLP hereby agrees (subject to the exceptions set
forth below in this Section 3) to hold harmless and indemnify the Indemnitee against
Expenses to the fullest extent authorized or permitted by the MLP Partnership Agreement, the
Partnership Statute or other applicable law in effect on the date hereof, and to any greater extent
that the MLP Partnership Agreement, the Partnership Statute or other applicable law may in the
future, from time to time, permit. Without diminishing the scope of the indemnification provided
by this Section 3, the rights of indemnification of the Indemnitee provided hereunder shall
include, but shall not be limited to, those rights hereinafter set forth, except that no
indemnification shall be paid by the MLP to the Indemnitee:

     (a) on account of any Proceeding in which judgment is rendered against the Indemnitee
for disgorgement of profits made from the purchase or sale by the Indemnitee of securities
of the MLP in violation of the provisions of Section 16(b) of the Securities Exchange Act of
1934 or similar provisions of any federal, state or local statutory law;

     (b) on account of any final and non-appealable judgment entered by a court of competent
jurisdiction determining that, in respect of the matter for which the Indemnitee is seeking
indemnification pursuant to this Agreement, the Indemnitee acted in bad faith or engaged in
fraud or willful misconduct or, in the case of a criminal matter, acted with knowledge that
the Indemnitee’s conduct was unlawful; provided, that termination of any Proceeding by
judgment, order of the court, settlement, conviction or upon a plea of nolo

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contendere, or its equivalent, shall not, of itself, create a presumption that the
Indemnitee acted in bad faith or engaged in fraud or willful misconduct or, in the case of a
criminal matter, acted with knowledge that the Indemnitee’s conduct was unlawful;

     (c) in any circumstance where (i) such indemnification is expressly prohibited by
applicable law or (ii) a final decision by a court having jurisdiction in the matter shall
determine that such indemnification is not lawful;

     (d) with respect to liability for which payment is actually made to the Indemnitee
under a valid and collectible insurance policy or under a valid and enforceable indemnity
clause or other agreement (other than this Agreement), except in respect of any liability in
excess of payment under such insurance, indemnity clause or other agreement;

     (e) in connection with any Proceeding initiated by the Indemnitee against the MLP or
any of its predecessors, subsidiaries or affiliated companies or directors or officers of
the GP, (i) unless such indemnification is expressly required to be made by law, (ii) unless
the Proceeding was authorized by the Board or such other person or persons empowered
pursuant to Section 8 to make such determination, (iii) unless such indemnification
is provided by the MLP, in its sole discretion, pursuant to the powers vested in the MLP by
applicable law, or (iv) except as provided in Section 11; or

     (f) with regard to any judicial award, if the MLP was not given a reasonable and timely
opportunity to participate in the defense of such action or to indemnify the Indemnitee for
any amounts paid in settlement of any Proceeding effected without the MLP’s prior written
consent.

     4. PROCEEDINGS BROUGHT OTHER THAN BY OR IN THE RIGHT OF THE MLP. The Indemnitee shall be
entitled to the indemnification rights provided in this Section 4 if the Indemnitee was or
is a party or witness or is threatened to be made a party or witness to any Proceeding, other than
a Proceeding brought by or in the right of the MLP by reason of the fact that the Indemnitee is or
was a director or officer of the GP, or any of the MLP’s direct or indirect subsidiaries, or is or
was serving at the request of the GP, or any of the MLP’s direct or indirect subsidiaries, as a
director, officer, trustee, employee, fiduciary or agent of another corporation, partnership, joint
venture, trust, limited liability company, employee benefit plan or other enterprise, or by reason
of any act or omission by him in such capacity. Pursuant to this Section 4 the Indemnitee
shall be indemnified against all Expenses actually and reasonably incurred by the Indemnitee in
connection with such Proceeding (including, but not limited to, the investigation, defense,
settlement or appeal thereof); provided, however, that the Indemnitee shall not be indemnified and
held harmless if there has been a final and non-appealable judgment entered by a court of competent
jurisdiction determining that, in respect of the matter for which the Indemnitee is seeking
indemnification pursuant to this Section 4, the Indemnitee acted in bad faith or engaged in
fraud, willful misconduct or, in the case of a criminal matter, acted with knowledge that the
Indemnitee’s conduct was unlawful.

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     5. PROCEEDINGS BROUGHT BY OR IN THE RIGHT OF THE MLP. The Indemnitee shall be entitled to the
indemnification rights provided in this Section 5 if the Indemnitee was or is a party or
witness or is threatened to be made a party or witness to any Proceeding brought by or in the right
of the MLP to procure a judgment in its favor by reason of the fact that the Indemnitee is or was a
director or officer of the GP, or any of the MLP’s direct or indirect subsidiaries, or is or was
serving at the request of the GP, or any of the MLP’s direct or indirect subsidiaries, as a
director, officer, trustee, employee, fiduciary or agent of another corporation, partnership, joint
venture, trust, limited liability company, employee benefit plan or other enterprise, or by reason
of any act or omission by him in such capacity. Pursuant to this Section 5, the Indemnitee
shall be indemnified against all Expenses actually and reasonably incurred by the Indemnitee in
connection with such Proceeding (including, but not limited to, the investigation, defense,
settlement or appeal thereof; provided, however, that the Indemnitee shall not be indemnified and
held harmless if there has been a final and non-appealable judgment entered by a court of competent
jurisdiction determining that, in respect of the matter for which the Indemnitee is seeking
indemnification pursuant to this Section 5, the Indemnitee acted in bad faith or engaged in
fraud, willful misconduct; provided, further, that no such indemnification shall be made in respect
of any claim, issue or matter as to which the Indemnitee shall have been adjudged to be liable to
the MLP, unless and only to the extent that the Court of Chancery of the State of Delaware or the
court in which such Proceeding was brought shall determine upon application that, despite the
adjudication of liability, but in view of all the circumstances of the case, the Indemnitee is
fairly and reasonably entitled to be indemnified for such Expenses actually and reasonably incurred
by him which such court shall deem proper.

     6. INDEMNIFICATION FOR EXPENSES OF A WITNESS OR A SUCCESSFUL PARTY. Notwithstanding the other
provisions of this Agreement, to the extent that the Indemnitee has (i) served on behalf of the
MLP, or any of its direct or indirect subsidiaries, as a witness or other participant in any class
action or Proceeding, or (ii) has been successful, on the merits or otherwise, in defense of any
Proceeding referred to in Sections 4 and 5, or in defense of any claim, issue or
matter therein, including, but not limited to, the dismissal of any action without prejudice or the
settlement of a Proceeding without an admission of liability, the Indemnitee shall be indemnified
against all Expenses actually and reasonably incurred by the Indemnitee in connection therewith.

     7. PARTIAL INDEMNIFICATION. If the Indemnitee is entitled under any provision of this
Agreement to indemnification by the MLP for some or a portion of the Expenses actually and
reasonably incurred by the Indemnitee in connection with the investigation, defense, settlement or
appeal of such Proceeding described in Section 4 and 5 hereof, but is not entitled
to indemnification for the total amount thereof, the MLP shall nevertheless indemnify the
Indemnitee for the portion of such Expenses actually and reasonably incurred by the Indemnitee to
which the Indemnitee is entitled.

     8. PROCEDURE FOR DETERMINATION OF ENTITLEMENT TO INDEMNIFICATION.

          (a) To obtain indemnification under this Agreement, the Indemnitee shall submit to the MLP a
written request, including any Substantiating Documentation that is reasonably available to the
Indemnitee and is reasonably necessary to determine whether and to

6

 

what extent the Indemnitee is entitled to indemnification. The MLP shall, promptly upon
receipt of a request for indemnification, advise the Board in writing that the Indemnitee has
requested indemnification.

     (b) Upon written request by the Indemnitee for indemnification pursuant to Section 4
and 5 hereof, the entitlement of the Indemnitee to indemnification pursuant to the terms of
this Agreement shall be determined by the following person or persons, who shall be empowered to
make such determination: (i) if a Change in Control shall have occurred, by Independent Counsel
(unless the Indemnitee shall request in writing that such determination be made by the Board (or a
committee thereof) in the manner provided for in clause (ii) of this Section 8(b)) in a
written opinion to the Board, a copy of which shall be delivered to the Indemnitee; or (ii) if a
Change in Control shall not have occurred, (A) (1) by the Board, by a majority vote of all
Disinterested Directors even though less than a quorum, or (2) by a committee of Disinterested
Directors designated by majority vote of all Disinterested Directors, even though less than a
quorum, or (B) if there are no such Disinterested Directors or, if the Board, by the majority vote
of all Disinterested Directors, so directs, by Independent Counsel in a written opinion to the
Board, a copy of which shall be delivered to the Indemnitee. Such Independent Counsel shall be
selected by the Board and approved by the Indemnitee. Upon failure of the Board to so select, or
upon failure of the Indemnitee to so approve, such Independent Counsel shall be selected by the
Chancellor of the State of Delaware or such other person as the Chancellor shall designate to make
such selection. Such determination of entitlement to indemnification shall be made no later than
45 days after receipt by the MLP of a written request for indemnification. If the person making
such determination shall determine that the Indemnitee is entitled to indemnification as to part
(but not all) of the application for indemnification, such person shall reasonably prorate such
part of indemnification among such claims, issues or matters. If it is so determined that the
Indemnitee is entitled to indemnification, payment to the Indemnitee shall be made within ten days
after such determination.

     9. PRESUMPTIONS AND EFFECT OF CERTAIN PROCEEDINGS.

         (a) In making a determination with respect to entitlement to indemnification, the Indemnitee
shall, to the fullest extent not prohibited by law, be presumed to be entitled to indemnification
hereunder and the MLP shall, to the fullest extent not prohibited by law, have the burden of proof
in the making of any determination contrary to such presumption. Neither the failure of the Board
(or such other person or persons empowered to make the determination of whether the Indemnitee is
entitled to indemnification) to have made a determination prior to the commencement of any action
pursuant to this Agreement that indemnification is proper in the circumstances because Indemnitee
has met the applicable standard of conduct, nor any determination thereby that Indemnitee has not
met such applicable standard of conduct, shall be a defense to the action or create a presumption
that Indemnitee has not met the applicable standard of conduct.

         (b) If the Board, or such other person or persons empowered pursuant to Section 8 to
make the determination of whether Indemnitee is entitled to indemnification, shall have failed to
make a determination as to entitlement to indemnification within 45 days after receipt by the MLP
of such request, the requisite determination of entitlement to indemnification shall be deemed to
have been made and the Indemnitee shall be absolutely entitled to such

7

 

indemnification, absent actual fraud in the request for indemnification or a prohibition of
indemnification under applicable law. The termination of any Proceeding described in Sections
4 and 5 by judgment, order, settlement or conviction, or upon a plea of nolo contendere
or its equivalent, shall not, of itself: (i) create a presumption that the Indemnitee acted in bad
faith or engaged in fraud, willful misconduct or, in the case of a criminal matter, acted with
knowledge that the Indemnitee’s conduct was unlawful or (ii) otherwise adversely affect the rights
of the Indemnitee to indemnification, except as may be provided herein.

     10. ADVANCEMENT OF EXPENSES. Subject to applicable law, all reasonable Expenses actually and
reasonably incurred by the Indemnitee in connection with any Proceeding shall be paid by the MLP in
advance of the final disposition of such Proceeding, if so requested by the Indemnitee, within 30
days after the receipt by the MLP of a statement or statements from the Indemnitee requesting such
advance or advances. The Indemnitee may submit such statements from time to time. The
Indemnitee’s entitlement to such Expenses shall include those actually and reasonably incurred in
connection with any proceeding by the Indemnitee seeking an adjudication or award in arbitration
pursuant to this Agreement. Such statement or statements shall be accompanied by Substantiating
Documentation and shall include or be accompanied by a written affirmation by the Indemnitee of the
Indemnitee’s good faith belief that the Indemnitee has met the standard of conduct necessary for
indemnification under this Agreement and an undertaking by or on behalf of the Indemnitee to repay
such amount if it is ultimately determined that the Indemnitee is not entitled to be indemnified
against such Expenses by the MLP pursuant to this Agreement or otherwise. Each written undertaking
to pay amounts advanced must be an unlimited general obligation but need not be secured, and shall
be accepted without reference to financial ability to make repayment. The MLP shall not have any
obligation to advance any Expenses pursuant to this Section 10 with respect to any claim
made by Indemnitee for which indemnity is excluded pursuant to Section 3(e).

	     11.	 	REMEDIES OF THE INDEMNITEE.

          (a) In the event that (i) a determination is made pursuant to Section 8 that the
Indemnitee is not entitled to indemnification under this Agreement, (ii) advancement of Expenses is
not timely made pursuant to Section 10 of this Agreement, (iii) no determination of
entitlement to indemnification shall have been made pursuant to Section 8(b) within sixty
(60) days after receipt by the MLP of a request for indemnification, (iv) payment of
indemnification is not made pursuant to clause (i) of Section 6 within ten (10) days after
receipt by the MLP of a written request therefor, or (v) payment of indemnification is not made
within ten (10) days after a determination has been made that the Indemnitee is entitled to
indemnification or such determination is deemed to have been made pursuant to Sections 8
and 9, the Indemnitee shall be entitled to an adjudication in an appropriate court of his
entitlement to such indemnification or advancement of Expenses. Alternatively, the Indemnitee may,
at the Indemnitee’s option, seek an award in arbitration to be conducted by a single arbitrator in
                                        , pursuant to the Commercial Arbitration Rules of the American Arbitration
Association.

          (b) In the event that a determination is made pursuant to Section 8 of this Agreement
that Indemnitee is not entitled to indemnification, any judicial proceeding or arbitration
commenced pursuant to this Section 11 shall be conducted in all respects as a de novo trial
or a de novo arbitration (as applicable) on the merits, and Indemnitee shall not be prejudiced

8

 

by reason of that adverse determination. In any judicial proceeding or arbitration commenced
pursuant to this Section 11, the MLP shall have the burden of proving Indemnitee is not
entitled to indemnification or advancement of Expenses, as the case may be, and the MLP shall be
precluded from referring to or offering into evidence a determination made pursuant to Section
8 of this Agreement that is adverse to the Indemnitee’s right to indemnification or advancement
of Expenses.

          (c) In the event that a determination is made or deemed to be made pursuant to Section
7 or 8 that the Indemnitee is entitled to indemnification, the MLP shall be bound by
such determination in any judicial proceeding or arbitration commenced pursuant to this
Section 11, absent (i) a misstatement by the Indemnitee of a material fact, or an omission
of a material fact necessary to make the Indemnitee’s statement not materially misleading, in
connection with a request for indemnification, or (ii) a prohibition of such indemnification under
applicable law.

          (d) The MLP shall be precluded from asserting in any judicial proceeding or arbitration
commenced pursuant to this Section 11 that the procedures and presumptions of this
Agreement are not valid, binding and enforceable and shall stipulate in any such court or before
any such arbitrator that the MLP is bound by all provisions of this Agreement.

          (e) If the court or arbitrator shall determine that the Indemnitee is entitled to any
indemnification hereunder, the MLP shall pay all Expenses actually and reasonably incurred by the
Indemnitee in connection with such adjudication or award at arbitration (including, but not limited
to, any appellate proceedings).

     12. NOTIFICATION AND DEFENSE OF CLAIMS. Promptly after receipt by the Indemnitee of notice of
the commencement of any Proceeding, the Indemnitee will, if a claim in respect thereof is to be
made against the MLP under this Agreement, notify the MLP in writing of the commencement thereof;
but the omission to so notify the MLP will not relieve the MLP from any liability that it may have
to the Indemnitee otherwise than under this Agreement or otherwise, except to the extent that the
MLP may suffer material prejudice by reason of such failure. Notwithstanding any other provision
of this Agreement, with respect to any such Proceeding as to which the Indemnitee gives notice to
the MLP of the commencement thereof:

     (a) The MLP will be entitled to participate therein at its own expense.

     (b) Except as otherwise provided in this Section 12(b), to the extent that it
may wish, the MLP, with any other indemnifying party similarly notified, shall be entitled
to assume the defense thereof with counsel reasonably satisfactory to the Indemnitee. After
notice from the MLP to the Indemnitee of the MLP’s election to so assume the defense
thereof, the MLP shall not be liable to the Indemnitee under this Agreement for any legal or
other Expenses subsequently incurred by the Indemnitee in connection with the defense
thereof other than reasonable costs of investigation or as otherwise provided below. The
Indemnitee shall have the right to employ the Indemnitee’s own counsel in such Proceeding,
but the Expenses of such counsel incurred after notice from the MLP of its assumption of the
defense thereof shall be at the expense of the Indemnitee, unless (i) the employment of
counsel by the Indemnitee has been

9

 

authorized by the MLP, (ii) the Indemnitee shall have reasonably concluded that there
is a conflict of interest between the MLP, on one hand, and the Indemnitee, on the other, in
the conduct of the defense of such action and such determination by the Indemnitee shall be
supported by an opinion of counsel provided to the MLP, which opinion shall be reasonably
acceptable to the MLP, or (iii) the MLP shall not in fact have employed counsel to assume
the defense of the action within a reasonable time after the MLP has provided notice to the
Indemnitee of the MLP’s election to assume the defense of such action, in each of which
cases the Expenses of such counsel shall be at the expense of the MLP. The MLP shall not be
entitled to assume the defense of any Proceeding brought by or on behalf of the MLP or as to
which the Indemnitee shall have reached the conclusion provided for in clause (ii) above.

     (c) The MLP shall not be liable to indemnify the Indemnitee under this Agreement for
any amounts paid in settlement of any Proceeding effected without its written consent, which
consent shall not be unreasonably withheld. The MLP shall not be required to obtain the
consent of the Indemnitee to settle any Proceeding that the MLP has undertaken to defend if
the MLP assumes full and sole responsibility for such settlement and such settlement grants
the Indemnitee a complete and unqualified release in respect of any potential liability and
does not impose any future restriction or limitation on Indemnitee.

     (d) If, at the time of the receipt of a notice of a claim pursuant to this
Section 12, the MLP or the GP has director and officer liability insurance in effect
for the benefit of the MLP, the MLP shall give prompt notice of the commencement of such
Proceeding to the insurers in accordance with the procedures set forth in the respective
policies. The MLP shall thereafter take all reasonably necessary or desirable action to
cause such insurers to comply with such policies including, without limitation, to pay, on
behalf of the Indemnitee, all amounts payable as a result of such Proceeding in accordance
with the terms of the policies.

     (e) If the Indemnitee is a director but not an officer of the GP, the Indemnitee,
together with the other indemnified directors who are not officers of the GP and are seeking
indemnification (the “Outside Directors”), shall be entitled to employ, and be
reimbursed for the Expenses of, a single counsel separate from that chosen by the
indemnitees who are officers of the GP. The principal counsel for Outside Directors
(“Principal Counsel”) shall be determined by majority vote of the Outside Directors
who are seeking indemnification, and the Principal Counsel for the Indemnitees who are not
Outside Directors (“Separate Counsel”) shall be determined by majority vote of such
indemnitees, in each case subject to the consent of the MLP (not to be unreasonably withheld
or delayed). The obligation of the MLP to reimburse the Indemnitee for the Expenses of
counsel hereunder shall not extend to Expenses of any counsel employed by the Indemnitee
other than Principal Counsel or Separate Counsel, as the case may be, unless the Indemnitee
has interests that are different from those of the other indemnitees or defenses available
to him that are in addition to or different from those of the other indemnitees such that
Principal Counsel or Separate Counsel, as the case may be, would have an actual or potential
conflict of interest in representing the Indemnitee.

10

 

     13. OTHER RIGHT TO INDEMNIFICATION; SUBROGATION.

          (a) The indemnification and advancement of Expenses provided by this Agreement are cumulative,
and not exclusive, and are in addition to any other rights to which the Indemnitee may now or in
the future be entitled under any provision of MLP Partnership Agreement, the Partnership Statute,
any directors’ and officers’ liability insurance maintained by or on behalf of the MLP, any
agreement, any resolution adopted pursuant thereto, any provision of law or otherwise, both as to
action in his official capacity and as to action in another capacity while holding such office;
provided, however, that this Agreement supersedes all prior written indemnification agreements
between the MLP (or any predecessor thereof) and the Indemnitee with respect to the subject matter
hereof.

          (b) In the event of any payment under this Agreement, the MLP shall be subrogated to the
extent of such payment to all of the rights and recovery of the Indemnitee, who shall execute all
papers required and take all actions necessary to secure such rights, including execution of such
documents as are necessary to enable the MLP to bring suit to enforce such rights.

          (c) The MLP shall be not liable under this Agreement to make any payment of amounts otherwise
indemnifiable hereunder if and to the extent that the Indemnitee has otherwise actually received
such payment under any insurance policy, contract, agreement or otherwise.

     14. DIRECTOR AND OFFICER LIABILITY INSURANCE. The MLP shall obtain and maintain (or reimburse
the GP or its affiliates for the cost of obtaining and maintaining) directors’ and officers’
liability insurance in customary and reasonable amounts for so long as the Indemnitee’s services
are covered hereunder, provided and to the extent that such insurance is available on a
commercially reasonable basis. In the event that the MLP maintains (or reimburses the GP or its
affiliates for the cost of) such directors’ and officers’ liability insurance, the Indemnitee shall
be covered by such policy or policies in accordance with their terms to the maximum extent
available for any such director or officer under such policy or policies. However, the MLP agrees
that the provisions hereof shall remain in effect, regardless of whether liability or other
insurance coverage is at any time obtained or retained by or on behalf of the MLP, except that any
payments made to, or on behalf of, the Indemnitee under an insurance policy shall reduce the
obligations of the MLP hereunder.

     15. INTENT. This Agreement is intended to be broader than any statutory indemnification
rights applicable in the State of Delaware and shall be in addition to any other rights the
Indemnitee may have under the MLP Partnership Agreement, the Partnership Statute, applicable law or
otherwise. To the extent that a change in applicable law (whether by statute or judicial decision)
permits greater indemnification by agreement than would be afforded currently under the MLP
Partnership Agreement, the Partnership Statute, applicable law or otherwise or this Agreement, it
is the intent of the parties that the Indemnitee enjoy by this Agreement the greater benefits so
afforded by such change.

     16. ATTORNEY’S FEES AND OTHER EXPENSES TO ENFORCE AGREEMENT. In the event that the Indemnitee
is subject to or intervenes in any Proceeding in

11

 

which the validity or enforceability of this Agreement is at issue or seeks an adjudication or
award in arbitration to enforce the Indemnitee’s rights under, or to recover damages for breach of,
this Agreement the Indemnitee, if he prevails in whole or in part in such action, shall be entitled
to recover from the MLP and shall be indemnified by the MLP against any actual Expenses for
attorneys’ fees and disbursements reasonably incurred by the Indemnitee.

     17. EFFECTIVE DATE. The provisions of this Agreement shall cover Proceedings, whether now
pending or hereafter commenced, and shall be retroactive to cover acts or omissions or alleged acts
or omissions that heretofore have taken place. The MLP shall be liable under this Agreement,
pursuant to Sections 4 and 5, for all acts of the Indemnitee while serving as a
director and/or officer of the GP, notwithstanding the termination of the Indemnitee’s service, if
such act was performed or omitted to be performed during the term of the Indemnitee’s service to
the MLP.

     18. DURATION OF AGREEMENT. This Agreement shall survive and continue even though the
Indemnitee may have terminated his service as a director or officer of the GP or as a director,
officer, trustee, employee, fiduciary or agent of another corporation, partnership, joint venture,
trust, limited liability company, employee benefit plan or other enterprise or by reason of any act
or omission by the Indemnitee in any such capacity. This Agreement shall be binding upon the MLP
and its successors and assigns, including, without limitation, any corporation or other entity
which may have acquired all or substantially all of the MLP’s assets or business or into which the
MLP may be consolidated or merged, and shall inure to the benefit of the Indemnitee and his spouse,
successors, assigns, heirs, devisees, executors, administrators or other legal representations.
The MLP shall require any successor or assignee (whether direct or indirect, by purchase, merger,
consolidation or otherwise) to all or substantially all of the business and/or assets of the MLP by
written agreement in form and substance reasonably satisfactory to each of the MLP and the
Indemnitee, expressly to assume and agree to perform this Agreement in the same manner and to the
same extent that the MLP would be required to perform if no such succession or assignment had taken
place.

     19. CONTRIBUTION. To the fullest extent permissible under applicable law, if the
indemnification provided for in this Agreement is unavailable to Indemnitee for any reason other
than that the Indemnitee acted in bad faith or engaged in fraud, willful misconduct or, in the case
of a criminal matter, acted with knowledge that the Indemnitee’s conduct was unlawful, the MLP
shall contribute to the amount of Expenses actually and reasonably incurred by the Indemnitee or on
his behalf in connection with such Proceeding in such proportion as is deemed fair and reasonable
in light of all of the circumstances of such Proceeding in order to reflect (i) the relative
benefits received by the MLP and Indemnitee as a result of the event(s) and/or transaction(s)
giving rise to such Proceeding and/or (ii) the relative fault of the MLP (and its directors,
officers, employees and agents) and Indemnitee in connection with such event(s) and/or
transaction(s). The relative fault of the MLP, on one hand, and of the Indemnitee, on the other,
shall be determined by reference to, among other things, the parties’ relative intent, knowledge,
access to information and opportunity to correct or prevent the circumstances resulting in such
Expenses. Each of the MLP and the Indemnitee agrees that it would not be just and equitable if
contribution pursuant to this Section 19 were determined by pro rata allocation or any
other method of allocation that does not take into account of the foregoing equitable
considerations.

12

 

     20. DISCLOSURE OF PAYMENTS. Except as expressly required by any federal or state securities
laws or other federal or state law, neither party shall disclose any payments under this Agreement
unless prior approval of the other party is obtained.

     21. MODIFICATION AND WAIVER. No supplement, modification or amendment of this Agreement or
any provision hereof shall limit or restrict in any way any right of the Indemnitee under this
Agreement with respect to any action taken or omitted by the Indemnitee when he was a director or
officer of the GP, or any of the MLP’s direct or indirect subsidiaries, or while serving at the
request of the GP, or any of the MLP’s direct or indirect subsidiaries, as a director, officer,
trustee, employee, fiduciary or agent of another corporation, partnership, joint venture, trust,
limited liability company, employee benefit plan or other enterprise prior to such supplement,
modification or amendment. No supplement, modification or amendment of this Agreement or any
provision hereof shall be binding unless executed in writing by each of the MLP and the Indemnitee.
No waiver of any provision of this Agreement shall be deemed or shall constitute a waiver of any
other provision hereof (whether or not similar) nor shall such waiver constitute a continuing
waiver.

     22. SEVERABILITY. If any provision or provisions of this Agreement shall be held invalid,
illegal or unenforceable for any reason whatsoever, (a) the validity, legality and enforceability
of the remaining provisions of this Agreement (including, but not limited to, all portions of any
Sections of this Agreement containing any such provision held to be invalid, illegal or
unenforceable) shall not in any way be affected or impaired thereby and (b) to the fullest extent
possible, the provisions of this Agreement (including, but not limited to, all portions of any
paragraph of this Agreement containing any such provision held to be invalid, illegal or
unenforceable, that are not themselves invalid, illegal or unenforceable) shall be construed so as
to give effect to the intent manifest by the provision held invalid, illegal or unenforceable.

     23. COUNTERPARTS. This Agreement may be executed by one or more counterparts, each of which
shall for all purposes be deemed to be an original but all of which together shall constitute one
and the same agreement. Only one such counterpart signed by the party against whom enforceability
is sought shall be required to be produced to evidence the existence of this Agreement.

     24. INTERPRETATION. The captions and headings used in this Agreement are inserted for
convenience only and shall not be deemed to constitute part of this Agreement or to affect the
construction thereof. The use of the masculine pronoun shall be deemed to include the feminine
pronoun, where appropriate.

     25. NOTICES. All notices, requests, demands or other communications hereunder shall be in
writing and shall be deemed to have been duly given if (a) delivered by hand with receipt
acknowledged by the party to whom said notice or other communication shall have been directed, (b)
mailed by certified or registered mail, return receipt requested with postage prepaid, on the date
shown on the return receipt or (c) delivered by facsimile transmission on the date shown on the
facsimile machine report:

13

 

     If to the Indemnitee to:

	 	 	 	 	 

	 	 	   	 
	 
	 	 	   	 
	 
	 	 	   	 
	 
	 	Facsimile:	 
	 	 	 
	 

     If to the MLP, to:

Compressco Partners GP Inc.

101 Park Avenue, Suite 1200

Oklahoma City, OK 73102

Facsimile: ( ) __-____

Attn: Secretary

or to such other address as may be furnished to the Indemnitee by the MLP or to the MLP by
the Indemnitee, as the case may be.

     26. GOVERNING LAW. The parties hereto agree that this Agreement shall be governed by, and
construed and enforced in accordance with, the laws of the State of Delaware, applied without
giving effect to any conflicts of law principles.

(Signature Page Follows)

14

 

     IN WITNESS WHEREOF, the parties hereto have executed this Agreement on and as of the day and
year first above written.

	 	 	 	 	 	 	 	 	 

	 	 	COMPRESSCO PARTNERS, L.P.:	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By: Compressco Partners GP Inc., its general partner	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By:
	 	 

	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	 

	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	Title:
	 	 

	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	INDEMNITEE:
	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By:
	 	 

	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	 

	 	 

SIGNATURE PAGE TO

INDEMNIFICATION AGREEMENT

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