Document:

EX-10.8

 Exhibit 10.8 

CONTRIBUTION, CONVEYANCE AND ASSUMPTION AGREEMENT 

By and Among 
 PENNTEX
MIDSTREAM PARTNERS, LP 
 PENNTEX MIDSTREAM PARTNERS, LLC 

PENNTEX NORTH LOUISIANA, LLC 

AND 
 PENNTEX MIDSTREAM
OPERATING, LLC 
 Dated as of [•], 2015 

 CONTRIBUTION, CONVEYANCE AND ASSUMPTION AGREEMENT 

This Contribution, Conveyance and Assumption Agreement, dated as of [•], 2015 (as amended or supplemented from time to time, this
“Agreement”), is by and among PennTex Midstream Partners, LP, a Delaware limited partnership (the “Partnership”), PennTex Midstream Partners, LLC, a Delaware limited liability company
(“PennTex Development”), PennTex North Louisiana, LLC, a Delaware limited liability company (“PennTex JV”), and PennTex Midstream Operating, LLC, a Delaware limited liability company
(“Midstream Operating”). The above-named entities are sometimes referred to in this Agreement each as a “Party” and collectively as the “Parties.” Capitalized terms used herein
shall have the meanings assigned to such terms in Article I. 
 RECITALS 

WHEREAS, PennTex Development and PennTex Midstream GP, LLC, a Delaware limited liability company (the “General
Partner”), have formed the Partnership pursuant to the Delaware Revised Uniform Limited Partnership Act (as in effect, from time to time, the “Delaware LP Act”), for the purpose of engaging in any business
activity that is approved by the General Partner and that lawfully may be conducted by a limited partnership organized pursuant to the Delaware LP Act. 

WHEREAS, in order to accomplish the objectives and purposes in the preceding recital, each of the following actions have been taken
prior to the date hereof: 
  

	 	1.	PennTex Development formed the General Partner under the terms of the Delaware Limited Liability Company Act, and contributed to the General Partner $1,000 in exchange for 100% of the limited liability company interests
in the General Partner. 

  

	 	2.	PennTex Development and the General Partner formed the Partnership under the terms of the Delaware LP Act and contributed $2,000 and $0 to the Partnership, respectively, in exchange for a 100% limited partner interest
(the “Initial LP Interest”) and a noneconomic general partner interest, respectively, in the Partnership. 

  

	 	3.	PennTex JV formed PennTex North Louisiana Operating, LLC, a Delaware limited liability company (“NLA Operating”). PennTex JV contributed $1,000 to NLA Operating in exchange for 100% of the
limited liability company interests in NLA Operating. 

  

	 	4.	The Partnership formed Midstream Operating. The Partnership contributed $1,000 to Midstream Operating in exchange for 100% of the limited liability company interests in Midstream Operating. 

 

	 	5.	PennTex Development conveyed a 7.5% interest in the General Partner to MRD WHR LA Midstream LLC, a Delaware limited liability company (“MRD WHR”), in exchange for $75. 

  
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	 	6.	PennTex JV contributed to NLA Operating certain gathering pipelines, transportation pipelines, processing facilities, treating assets, compressor stations, pump stations, metering stations, vehicles, related equipment,
offices, real estate, gathering, processing, transportation and other contracts and other assets described in the Registration Statement (collectively, the “Contributed Assets”) as a capital contribution. 

WHEREAS, concurrently with the consummation of the transactions contemplated hereby, each of the following transactions will occur at
the times specified hereinafter: 
  

	 	1.	The Partnership will enter into a $275,000,000 revolving credit agreement (the “Partnership Credit Agreement”). 

 

	 	2.	The Partnership will issue 92.5% and 7.5% of the IDRs to PennTex Development and MRD WHR, respectively. 

  

	 	3.	PennTex JV will convey its 100% limited liability company interest in NLA Operating (the “Contributed Interest”) to the Partnership, in exchange for (a) [•] common units representing
limited partner interests in the Partnership (the “Common Units”), (b) [•] subordinated units representing limited partner interests in the Partnership (the “Subordinated Units”) and
(c) the right to receive $[•] in proceeds from the Initial Public Offering. 

  

	 	4.	The public, through the Underwriters, will contribute $[•] million ($[•] million net to the Partnership after deducting the Underwriters’ discount of $[•] and the Structuring Fee) in exchange for
[•] Common Units, representing a [•]% limited partner interest in the Partnership. 

  

	 	5.	The Partnership will (a) pay transaction expenses of $[•] million, excluding the Underwriters’ discount of $[•] million and the Structuring Fee, (b) retain $[•] million to fund a portion of
the quarterly distribution to the Partnership’s unitholders for the first quarter of 2015, (c) retain $[•] million to fund capital expenditures that will be incurred with respect to the Contributed Assets, (d) distribute
$[•] million to PennTex JV, in satisfaction of its right to reimbursement under this Agreement, and (e) retain $[•] million for general partnership purposes. 

 

	 	6.	The Partnership will convey its 100% limited liability company interest in NLA Operating to Midstream Operating as a capital contribution. 

 

	 	7.	PennTex JV will distribute (a) [•] Common Units, [•] Subordinated Units and $[•] million of the cash received from the Partnership to PennTex NLA Holdings, LLC, a Delaware limited liability company
and wholly owned subsidiary of PennTex Development (“NLA Holdings”), and (b) [•] Common Units, [•] Subordinated Units and $[•] million of the cash received from the Partnership to MRD WHR, in accordance
with Section 4.2(b) of the Limited Liability Company Agreement of PennTex North Louisiana, LLC dated March 17, 2014. 

  
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	 	8.	NLA Holdings will distribute $[•] million in cash received from PennTex JV to PennTex Development, and PennTex Development will use such cash to repay amounts outstanding under its revolving credit facility and [l]. 

  

	 	9.	The Partnership will redeem the Initial LP Interest from PennTex Development and will refund PennTex Development’s initial contribution of $2,000, as well as any interest or other profit that may have resulted from
the investment or other use of such initial capital contribution to PennTex Development, in proportion to such initial contribution. After considering advice of advisors and evaluating the Partnership’s assets and liabilities, the General
Partner, as general partner of the Partnership, has determined that, after making the foregoing redemption payments, the assets of the Partnership will exceed the liabilities of the Partnership, as required by Section 17-607 of the Delaware LP
Act. 

 NOW, THEREFORE, in consideration of the mutual covenants, representations, warranties and agreements herein
contained, the Parties hereto agree as follows: 
 ARTICLE I 

DEFINITIONS 
 The terms set
forth below in this Article I shall have the meanings ascribed to them below or in the part of this Agreement referred to below: 

“Agreement” has the meaning assigned to such term in the preamble. 

“Common Units” has the meaning assigned to such term in the recitals. 

“Contributed Assets” has the meaning assigned to such term in the recitals. 

“Contributed Interest” has the meaning assigned to such term in the recitals. 

“Control” means the possession, directly or indirectly, of the power to direct or cause the direction of the
management and policies of a Person, whether through ownership of voting securities, by contract, or otherwise. 
 “Covered
Environmental Losses” has the meaning set forth in Section 3.1. 
 “Covered Litigation
Matters” has the meaning set forth in Section 3.3(b). 
 “Covered Property Losses” has the
meaning set forth in Section 3.2. 
 “Delaware LP Act” has the meaning assigned to such term in the
recitals. 
 “Effective Date” means the date hereof. 

“Environmental Deductible” has the meaning set forth in Section 3.6(a). 

  
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 “Environmental Laws” means all federal, state, and local laws, statutes,
rules, regulations, orders, judgments, ordinances, codes, injunctions, decrees, Environmental Permits and other legally enforceable requirements and rules of common law now or hereafter in effect, relating to (a) pollution or protection of
human health, natural resources, wildlife and the environment including, without limitation, the federal Comprehensive Environmental Response, Compensation, and Liability Act, the Superfund Amendments Reauthorization Act, the Resource Conservation
and Recovery Act, the Clean Air Act, the Federal Water Pollution Control Act, the Toxic Substances Control Act, the Oil Pollution Act, the Safe Drinking Water Act, the Hazardous Materials Transportation Act, and other environmental conservation and
protection laws and the regulations promulgated pursuant thereto, and any state or local counterparts, each as amended from time to time, and (b) the generation, manufacture, processing, distribution, use, treatment, storage, transport, or
handling of any hazardous wastes. 
 “Environmental Permit” means any permit, approval, identification number,
license, registration, certification, consent, exemption, variance or other authorization required under or issued pursuant to any applicable Environmental Law, including applications for renewal of such permits in which the application allows for
continued operation under the terms of an expired permit. 
 “General Partner” has the meaning assigned to such term
in the recitals. 
 “Governmental Authority” means any government, any governmental administration, agency,
instrumentality or other instrumentality or other political subdivision thereof or any court, commission or other governmental authority of competent jurisdiction. 

“Hazardous Substance” means (a) any substance, whether solid, liquid, gaseous, semi-solid or any combination
thereof, that is designated, defined or classified as a hazardous waste, solid waste, hazardous material, pollutant, contaminant or toxic or hazardous substance, or terms of similar meaning, or that is otherwise regulated under any Environmental
Law, including, without limitation, any hazardous substance as defined under the Comprehensive Environmental Response, Compensation, and Liability Act, as amended, and including friable asbestos and lead containing paints or coatings, radioactive
materials, and polychlorinated biphenyls, and (b) petroleum, oil, gasoline, natural gas, fuel oil, motor oil, waste oil, diesel fuel, jet fuel, and other refined petroleum hydrocarbons, solely to the extent regulated under applicable
Environmental Laws. 
 “IDRs” means the Incentive Distribution Rights described in the Partnership Agreement. 

“Indemnified Party” means any applicable Partnership Group Member or any applicable PennTex Entity, as the case may
be, in its capacity as the party entitled to indemnification in accordance with Article III. 
 “Indemnifying
Party” means either the Partnership or PennTex JV, as the case may be, in its capacity as the Party from which indemnification may be sought in accordance with Article III. 

“Initial LP Interest” has the meaning assigned to such term in the recitals. 

“Initial Public Offering” has the meaning assigned to such term in the Partnership Agreement. 

  
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 “Law” means all constitutions, laws (including common law), treaties,
statutes, orders, decrees, rules, injunctions, licenses, permits, approvals, agreements, regulations, codes, ordinances issued by any Governmental Authority, including judicial or administrative orders, consents, decrees, and judgments, published
directives, guidelines, governmental authorizations, requirements or other governmental restrictions which have the force of law, and determinations by, or interpretations of any of the foregoing by any Governmental Authority having jurisdiction
over the matter in question and binding on a given Person, whether in effect as of the date hereof or thereafter and, in each case, as amended. 

“Litigation Deductible” has the meaning set forth in Section 3.6(b). 

“Losses” means any losses, damages, liabilities, claims, demands, causes of action, judgments, settlements, fines,
penalties, costs and expenses (including, without limitation, court costs and reasonable attorney’s and expert’s fees) of any and every kind or character, known or unknown, fixed or contingent. 

“Midstream Operating” has the meaning assigned to such term in the recitals. 

“MRD WHR” has the meaning assigned to such term in the recitals. 

“NLA Holdings” has the meaning assigned to such term in the recitals. 

“NLA Operating” has the meaning assigned to such term in the recitals. 

“NLA Operating LLC Agreement” has the meaning set forth in Section 2.1. 

“Over-Allotment Option” means the option granted by NLA Holdings and MRD WHR to the Underwriters to purchase up to
[•] additional Common Units from NLA Holdings and up to [•] additional Common Units from MRD WHR to cover over-allotments, if any, in the Initial Public Offering. 

“Partnership” has the meaning assigned to such term in the preamble. 

“Partnership Agreement” means the First Amended and Restated Agreement of Limited Partnership of PennTex Midstream
Partners, LP, dated as of [•], 2015, as amended and restated from time to time. 
 “Partnership Credit
Agreement” has the meaning assigned to such term in the recitals. 
 “Partnership Group” means the
Partnership and any of its Subsidiaries, treated as a single consolidated entity. For the avoidance of doubt, for purposes of this Agreement, “Partnership Group” shall include NLA Operating. 

“Partnership Group Member” means any member of the Partnership Group. 

“Party” and “Parties” has the meaning assigned to such term in the preamble. 

“PennTex Development” has the meaning assigned to such term in the preamble. 

  
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 “PennTex JV” has the meaning assigned to such term in the preamble. 

“PennTex JV Entities” means PennTex JV and any Person Controlled, directly or indirectly, by PennTex JV other than the
General Partner or a Partnership Group Member; and “PennTex JV Entity” means any of the PennTex JV Entities. 

“Person” means, without limitation, an individual, corporation (including a non-profit corporation), general or
limited partnership, limited liability company, joint venture, estate, trust, association, organization, labor union, or other entity or Governmental Authority, and shall include any successor (by merger or otherwise) of such entity. 

“Property Deductible” has the meaning set forth in Section 3.6(b). 

“Prudent Industry Practice” means such practices, methods, acts, techniques, and standards as are in effect at the
time in question that are required by and in accordance with applicable Law and are consistent with the higher of (a) the standards generally followed by reputable owners and operators of natural gas and natural gas liquids pipelines and
processing plants in the United States and (b) the standards applied or followed by PennTex JV or its Subsidiaries as owners or operators of such assets, or by the Partnership Group as owners or operators of such assets. 

“Registration Statement” means the Partnership’s Registration Statement on Form S-1 filed with the Commission
(Registration No. 333-199020), as amended and effective on the Effective Date. 
 “Retained
Assets” means all pipelines, processing facilities, treating assets, vehicles, other midstream infrastructure, offices and related equipment, real estate, contracts and other related assets, or ownership interests or portions thereof
owned by the PennTex Entities that are not directly or indirectly conveyed, contributed or otherwise transferred to the Partnership Group pursuant to this Agreement or the other documents referenced herein. 

“Structuring Fee” means a fee for certain advisory services equal to $[•] million pursuant to the Structuring Fee
Letter by and among Citigroup Global Markets Inc., Barclays Capital Inc. and the Partnership, payable to Citigroup Global Markets Inc. and Barclays Capital Inc. For the purposes of Article III, “Structuring Fee” shall mean a fee
equal to 0.25% of the gross proceeds from the exercise in whole or in part of the Over-Allotment Option. 
 “Subordinated
Units” has the meaning such term in the recitals. 
 “Subsidiary” has the meaning ascribed to that term
in the Partnership Agreement. 
 “Tax” means any income, sales, use, excise, transfer, and similar taxes, fees and
charges (including ad valorem taxes), including any interest or penalties attributable thereto, imposed by any Governmental Authority. 

“Underwriters” means those underwriters listed in Schedule I of the Underwriting Agreement. 

  
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 “Underwriting Agreement” means the underwriting agreement by and among
PennTex Development, the Partnership, the General Partner, Midstream Operating and NLA Operating and Citigroup Global Markets Inc., Barclays Capital Inc., RBC Capital Markets, LLC and Tudor, Pickering, Holt & Co. Securities Inc., as
representatives of the Underwriters, dated [•], 2015. 
 ARTICLE II 

CONTRIBUTION, CONVEYANCE, ACKNOWLEDGEMENTS AND DISTRIBUTIONS 

Unless otherwise indicated, the following shall be completed on the Effective Date: 

Section 2.1 PennTex JV Conveyance of Contributed Interest to Partnership. Notwithstanding anything in the Limited Liability
Company Agreement of NLA Operating, dated as of January 1, 2015 (as amended from time to time, the “NLA Operating LLC Agreement”) to the contrary, PennTex JV hereby grants, contributes, bargains, conveys,
assigns, transfers, sets over and delivers to the Partnership, its successors and its assigns, for its and their own use forever, all right, title and interest in and to the Contributed Interest, free and clear of all liens, encumbrances, security
interests, charges or other claims, in exchange for (a) [•] Common Units, representing a [•]% limited partner interest in the Partnership, (b) [•] Subordinated Units, representing a [•]% limited partner interest in the
Partnership, and (c) the right to receive $[•] of proceeds from the Initial Public Offering. The Partnership hereby accepts the Contributed Interest. Notwithstanding anything in the NLA Operating LLC Agreement to the contrary, pursuant to
this conveyance, (i) the Partnership is hereby admitted as the sole member of NLA Operating, and agrees that it is bound by the NLA Operating LLC Agreement, (ii) PennTex JV hereby ceases to be a member of NLA Operating immediately
following the Partnership’s admission as described in clause (i), and (iii) NLA Operating hereby continues without dissolution with the Partnership as the sole member. 

Section 2.2 Partnership Conveyance of Contributed Interest to Midstream Operating. Notwithstanding any provisions of the NLA
Operating LLC Agreement to the contrary, the Partnership hereby grants, contributes, bargains, conveys, assigns, transfers, sets over and delivers to Midstream Operating, its successors and its assigns, for its and their own use forever, all right,
title and interest in and to the Contributed Interest, as a capital contribution, free and clear of all liens, encumbrances, security interests, charges or other claims. Midstream Operating hereby accepts the Contributed Interest as a capital
contribution. Notwithstanding anything in the NLA Operating LLC Agreement to the contrary, pursuant to this conveyance, (a) Midstream Operating is hereby admitted as a member of NLA Operating and agrees that it is bound by the NLA Operating LLC
Agreement, (b) the Partnership hereby ceases to be a member of NLA Operating immediately following Midstream Operating’s admission as described in clause (a), and (c) NLA Operating hereby continues without dissolution with Midstream
Operating as the sole member. 
 Section 2.3 Public Cash Contribution. The Parties acknowledge that, in connection with
the Initial Public Offering, public investors, through the Underwriters, have made a capital contribution to the Partnership of approximately $[•] million in cash ($[•] million net to the Partnership after deducting the underwriting
discounts and commissions of $[•] million and the Structuring Fee) in exchange for [•] Common Units, representing a [•]% limited partner interest in the Partnership. 

  
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 Section 2.4 Payment of Transaction Expenses and Distribution of Proceeds by the
Partnership. The Parties acknowledge (a) the payment by the Partnership, in connection with the closing of the Initial Public Offering, of transaction expenses in the amount of approximately $[•] million and (b) the distribution
by the Partnership of $[•] million to PennTex JV as a reimbursement of capital expenditures incurred with respect to the Contributed Assets.  

Section 2.5 Entry into Partnership Credit Agreement. The Parties acknowledge that the Partnership shall enter into the Partnership
Credit Agreement. 
 Section 2.6 Redemption of the Initial LP Interest from the Partnership and Return of Initial Capital
Contribution. The Partnership hereby redeems the Initial LP Interest held by PennTex Development and hereby refunds and distributes to PennTex Development the initial contribution, in the amount of $2,000, made by PennTex Development in
connection with the formation of the Partnership, along with 100% of any interest or other profit that resulted from the investment or other use of such initial contribution. 

ARTICLE III 

INDEMNIFICATION 

Section 3.1 Environmental Indemnification.  
  

	 	(a)	Subject to Section 3.1(b), PennTex JV shall indemnify, defend and hold harmless the Partnership Group from and against any Losses suffered or incurred by the Partnership Group, directly or indirectly, or as
a result of any claim by a third party, by reason of or arising out of the following (collectively, “Covered Environmental Losses”): 

  

	 	(i)	any violation or correction of a violation of Environmental Laws associated with or arising from the ownership or operation of the Contributed Assets or the Contributed Interest; 

 

	 	(ii)	any event, condition or matter associated with or arising from the ownership or operation of the Contributed Assets or Contributed Interest (including, without limitation, the presence of Hazardous Substances on, under,
about or migrating to or from the Contributed Assets or the disposal or release of Hazardous Substances generated by operation of the Contributed Assets at non-Contributed Asset locations) that requires investigation, assessment, evaluation,
monitoring, containment, cleanup, repair, restoration, remediation, or other corrective action under Environmental Laws, including, without limitation, (A) the cost and expense of any such activity, (B) the cost and expense of the
preparation and implementation of any closure, remedial, corrective action, or other plans required or necessary under Environmental Laws, and (C) the cost and expense of any environmental or toxic tort pre-trial, trial or appellate legal or
litigation support work; and 

  

	 	(iii)	any environmental event, condition or matter associated with or arising from the Retained Assets, whether occurring before or after the Effective Date. 

  
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	 	(b)	With respect to any discrete violation under Section 3.1(a)(i) or any discrete event, condition or matter included under Section 3.1(a)(ii), PennTex JV will be obligated to indemnify the
Partnership Group only if and to the extent that: 

  

	 	(i)	such violation, event, condition or matter occurred before the Effective Date under then-applicable Environmental Laws; and 

  

	 	(ii)	either (A) such violation, event, condition or matter is set forth on Schedule I attached hereto or (B) PennTex JV is notified in writing of such violation, event, condition or matter prior to the first
anniversary of the Effective Date. 

 For the avoidance of doubt, nothing in this Section 3.1(b) shall apply to
PennTex JV’s indemnification obligations under Section 3.1(a)(iii). 
  

	 	(c)	The Partnership Group shall indemnify, defend and hold harmless each of the PennTex JV Entities from and against any Losses suffered or incurred by the PennTex JV Entities, directly or indirectly, or as a result of any
claim by a third party, by reason of or arising out of: 

  

	 	(i)	any violation of Environmental Laws associated with or arising from the ownership or operation of the Contributed Assets or Contributed Interest; and 

 

	 	(ii)	any event, condition or matter associated with or arising from the ownership or operation of the Contributed Assets or Contributed Interest (including, without limitation, the presence of Hazardous Substances on, under,
about or migrating to or from the Contributed Assets or the disposal or release of Hazardous Substances generated by operation of the Contributed Assets at non-Contributed Asset locations) that requires investigation, assessment, evaluation,
monitoring, containment, cleanup, repair, restoration, remediation, or other corrective action under Environmental Laws, including, without limitation, (A) the cost and expense of any such activity, (B) the cost and expense of the
preparation and implementation of any closure, remedial, corrective action, or other plans required or necessary under Environmental Laws, and (C) the cost and expense of any environmental or toxic tort pre-trial, trial or appellate legal or
litigation support work; 

 and regardless of whether such violation under Section 3.1(c)(i) or such event,
condition or matter included under Section 3.1(c)(ii) occurred before or after the Effective Date, in each case, to the extent that any of the foregoing do not constitute Covered Environmental Losses for which the Partnership Group is
entitled to indemnification from PennTex JV under this Article III. 

  
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 Section 3.2 Right of Way and Real Property Indemnification. PennTex JV shall
indemnify, defend and hold harmless the Partnership Group from and against any Losses suffered or incurred by the Partnership Group by reason of or arising out of the following (collectively, “Covered Property Losses”): 

 

	 	(a)	the failure of the applicable Partnership Group Member to be the owner of such valid and indefeasible easement rights or fee ownership or leasehold interests in and to the lands on which any of the natural gas or
natural gas liquids pipelines or related processing or other facilities or equipment conveyed or contributed to the applicable Partnership Group Member on the Effective Date are proposed to be located as of the Effective Date and described in the
Registration Statement, and such failure renders the Partnership Group liable to a third party or unable to use or operate the Contributed Assets in substantially the same manner that the Contributed Assets are intended by PennTex JV and PennTex
Development to be used and operated as described in the Registration Statement; 

  

	 	(b)	the failure of the applicable Partnership Group Member to have the consents, licenses and permits necessary to allow any such pipeline referred to in clause (a) of this Section 3.2 to cross the roads,
waterways, railroads and other areas upon which any such pipeline is proposed to be located as of the Effective Date, and such failure renders the Partnership Group liable to a third party or unable to use or operate the Contributed Assets in
substantially the same manner that the Contributed Assets are intended by PennTex JV and PennTex Development to be used and operated as described in the Registration Statement; and 

 

	 	(c)	the cost of curing any condition set forth in Section 3.2(a) or Section 3.2(b) that does not allow the Contributed Assets to be operated in accordance with Prudent Industry Practice;

 in each case to the extent that PennTex JV is notified in writing of any of the foregoing prior to the second anniversary of the Effective
Date. 
 Section 3.3 Additional Indemnification by PennTex JV. In addition to and not in limitation of the indemnification
provided under Section 3.1(a) and Section 3.2, PennTex JV shall indemnify, defend, and hold harmless the Partnership Group from and against any Losses suffered or incurred by the Partnership Group by reason of or arising out
of any of the following: 
  

	 	(a)	(i) the consummation of the transactions contemplated by this Agreement or (ii) events and conditions associated with the ownership or operation of the Contributed Assets or Contributed Interest and occurring
before the Effective Date (other than Covered Environmental Losses, which are provided for under Section 3.1, Covered Property Losses, which are provided for under Section 3.2, and current liabilities incurred in the ordinary
course of business that have been accrued but not paid prior to the Effective Date), to the extent that PennTex JV is notified in writing of any such Loss prior to the second anniversary of the Effective Date; 

  
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	 	(b)	any litigation matters attributable to the ownership or operation of the Contributed Assets or the Contributed Interest prior to the Effective Date, including any currently pending legal actions against any of the
PennTex JV Entities set forth on Schedule II attached hereto (“Covered Litigation Matters”); 

  

	 	(c)	events and conditions associated with the Retained Assets and whether occurring before or after the Effective Date; 

  

	 	(d)	all federal, state and local Tax liabilities attributable to the ownership or operation of the Contributed Assets or the Contributed Interest prior to the Effective Date, including under Treasury Regulation
Section 1.1502-6 (or any similar provision of state or local law), and any such Tax liabilities of any of the PennTex JV Entities that may result from the consummation of the transactions contemplated by the Contribution Agreement (other than
real property taxes that have been accrued but not paid prior to the Effective Date); and 

  

	 	(e)	the failure of any Partnership Group Member to have on the Effective Date any consent, license, permit or approval necessary to allow such Partnership Group Member to own or operate the Contributed Assets or Contributed
Interest in substantially the same manner described in the Registration Statement. 

 Section 3.4 Additional
Indemnification by the Partnership Group. In addition to and not in limitation of the indemnification provided under Section 3.1(c) or the Partnership Agreement, the Partnership Group shall indemnify, defend, and hold harmless the
PennTex JV Entities from and against any Losses suffered or incurred by the PennTex JV Entities, or any of them, by reason of or arising out of events and conditions associated with the ownership or operation of the Contributed Assets or Contributed
Interest and occurring after the Effective Date (other than Covered Environmental Losses which are provided for under Section 3.1), unless such indemnification would not be permitted under the Partnership Agreement by reason of one of
the provisos contained in Section 7.7(a) of the Partnership Agreement. 
 Section 3.5 Indemnification Procedures.

  

	 	(a)	The Indemnified Party agrees that within a reasonable period of time after it becomes aware of facts giving rise to a claim for indemnification under this Article III, it will provide notice thereof in writing to
the Indemnifying Party, specifying the nature of and specific basis for such claim. 

  

	 	(b)	The Indemnifying Party shall have the right to control all aspects of the defense of (and any counterclaims with respect to) any claims brought against the Indemnified Party that are covered by the indemnification under
this Article III, including, without limitation, the selection of counsel, determination of whether to appeal any decision of any court and the settling of any such claim or any matter or any issues relating thereto; provided that no
such settlement shall be entered into without the consent of the Indemnified Party unless it includes a full and unconditional release of the Indemnified Party from such claim; provided, further, that no such settlement containing any form of
injunctive or similar relief shall be entered into without the prior written consent of the Indemnified Party, which consent shall not be unreasonably delayed or withheld. 

  
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	 	(c)	The Indemnified Party agrees to cooperate in good faith and in a commercially reasonable manner with the Indemnifying Party with respect to all aspects of the defense of, and the pursuit of any counterclaims with
respect to, any claims covered by the indemnification under this Article III for which a request for indemnification is made, including, without limitation, the prompt furnishing to the Indemnifying Party of any correspondence or other notice
relating thereto that the Indemnified Party may receive, permitting the name of the Indemnified Party to be utilized in connection with such defense or counterclaims, the making available to the Indemnifying Party of any files, records or other
information of the Indemnified Party that the Indemnifying Party considers relevant to such defense or counterclaims, the making available to the Indemnifying Party of any employees of the Indemnified Party and the granting to the Indemnifying Party
of reasonable access rights to the properties and facilities of the Indemnified Party; provided that in connection therewith the Indemnifying Party agrees to use reasonable efforts to minimize the impact thereof on the operations of the
Indemnified Party and further agrees to maintain the confidentiality of all files, records, and other information furnished by the Indemnified Party pursuant to this Section 3.5(c). In no event shall the obligation of the Indemnified
Party to cooperate with the Indemnifying Party as set forth in the immediately preceding sentence be construed as imposing upon the Indemnified Party an obligation to hire and pay for counsel in connection with the defense of, or the pursuit of any
counterclaims with respect to, any claims covered by the indemnification set forth in this Article III; provided, however, that the Indemnified Party may, at its own option, cost and expense, engage and pay for counsel in
connection with any such defense and counterclaims. The Indemnifying Party agrees to keep any such counsel engaged by the Indemnified Party informed as to the status of any such defense, but the Indemnifying Party shall have the right to retain sole
control over such defense and counterclaims. 

  

	 	(d)	In determining the amount of any loss, cost, damage or expense for which the Indemnified Party is entitled to indemnification under this Agreement, the gross amount of the indemnification will be reduced by (i) any
insurance proceeds realized by the Indemnified Party, and such correlative insurance benefit shall be net of any incremental insurance premium that becomes due and payable by the Indemnified Party as a result of such claim and (ii) all amounts
recovered by the Indemnified Party under contractual indemnities from third Persons. 

  

	 	(e)	With respect to Covered Environmental Losses, PennTex JV shall have the sole right and authority to manage any remediation required by Law, and, upon reasonable request from PennTex JV, the Partnership will, and will
cause each Partnership Group Member to, cooperate with PennTex JV and its contractors or subcontractors to facilitate such remediation. 

  
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 Section 3.6 Limitations on Indemnity Coverage. 

 

	 	(a)	With respect to Covered Environmental Losses under Section 3.1(a)(i) or Section 3.1(a)(ii), PennTex JV shall not be obligated to indemnify, defend and hold harmless any Partnership Group Member
until such time as the total aggregate amount of such Covered Environmental Losses exceeds $100,000 (the “Environmental Deductible”), at which time PennTex JV shall be obligated to indemnify the Partnership Group for the
excess of such Covered Environmental Losses over the Environmental Deductible; provided, however, that to the extent any cure or remediation of any environmental matter is required under Section 3.1(a)(i) or
Section 3.1(a)(ii), PennTex JV will be obligated to indemnify the Partnership Group only to the extent of any cure or remediation that is required by Law (after giving effect to the Environmental Deductible); provided,
further, that PennTex JV’s aggregate liability for all Covered Environmental Losses shall not exceed $5,000,000. For the avoidance of doubt, it is agreed that the Environmental Deductible shall not apply to any Covered Environmental Losses
incurred by any Partnership Group Member related to the matters set forth on Schedule I attached hereto. 

  

	 	(b)	With respect to Covered Property Losses under Section 3.2 and Covered Litigation Matters under Section 3.3(b), PennTex JV shall not be obligated to indemnify, defend and hold harmless any
Partnership Group Member until such time as the total aggregate amount of (i) such Covered Property Losses exceeds $200,000 (the “Property Deductible”) and (ii) Losses incurred by the Partnership Group for such
Covered Litigation Matters exceeds $200,000 (the “Litigation Deductible”), at which time PennTex JV shall be obligated to indemnify the Partnership Group for the excess of (x) such Covered Property Losses over the
Property Deductible or (y) such Losses incurred by the Partnership Group for such Covered Litigation Matters over the Litigation Deductible; provided, however, that to the extent the Partnership Group attempts to cure any matter
for which it is entitled to indemnification under Section 3.2, PennTex JV will be obligated to indemnify the Partnership Group only to the extent of any reasonably required cure (after giving effect to the Property Deductible);
provided, further, that PennTex JV’s aggregate liability for all Covered Property Losses shall not exceed $5,000,000 and for all Covered Litigation Matters shall not exceed $5,000,000. For the avoidance of doubt, it is agreed that
the Litigation Deductible shall not apply to any Losses incurred by any Partnership Group Member related to the matters set forth on Schedule II attached hereto. 

 

	 	(c)	For the avoidance of doubt, there is no deductible with respect to the indemnification owed by any Indemnifying Party under any portion of this Article III other than as described in this
Section 3.6, and there is no monetary cap on the amount of indemnity coverage provided by any Indemnifying Party under this Article III other than as described in this Section 3.6. 

  
 13 

 ARTICLE IV 

FURTHER ASSURANCES 
 From
time to time after the Effective Date, and without any further consideration, the Parties agree to execute, acknowledge and deliver all such additional deeds, assignments, bills of sale, conveyances, instruments, notices, releases, acquittances and
other documents, and to do all such other acts and things, all in accordance with applicable Law, as may be necessary or appropriate (i) more fully to assure that the applicable Parties own all of the properties, rights, titles, interests,
estates, remedies, powers and privileges granted by this Agreement, or which are intended to be so granted, (ii) more fully and effectively to vest in the applicable Parties and their respective successors and assigns beneficial and record
title to the interests contributed and assigned by this Agreement or intended to be so and (iii) more fully and effectively to carry out the purposes and intent of this Agreement. 

ARTICLE V 
 EFFECTIVE
DATE 
 Notwithstanding anything contained in this Agreement to the contrary, none of the provisions of Article II of this
Agreement shall be operative or have any effect until the Effective Date, at which time all the provisions of Article II of this Agreement shall be effective and operative in accordance with Section 6.1 without further action by
any Party hereto. 
 ARTICLE VI 

MISCELLANEOUS 

Section 6.1 Order of Completion of Transactions. The transactions provided for in Article II shall each be completed on the
Effective Date in the order and sequence set forth in Article II. 
 Section 6.2 Headings; References; Interpretation.
All Article and Section headings in this Agreement are for convenience only and shall not be deemed to control or affect the meaning or construction of any of the provisions hereof. The words “hereof” and “herein” and words of
similar import, when used in this Agreement, shall refer to this Agreement as a whole, including, without limitation, all Schedules attached hereto, and not to any particular provision of this Agreement. All references herein to Articles, Sections
and Schedules shall, unless the context requires a different construction, be deemed to be references to the Articles and Sections of this Agreement and the Schedules attached hereto, and all such Schedules attached hereto are hereby incorporated
herein and made a part hereof for all purposes. All personal pronouns used in this Agreement, whether used in the masculine, feminine or neuter gender shall include all other genders, and the singular shall include the plural and vice versa. The use
herein of the word “including” following any general statement, term or matter shall not be construed to limit such statement, term or matter to the specific items or matters set forth immediately following such word or to similar items or
matters, whether or not non-limiting language (such as “without limitation” or words of similar import) is used with reference thereto, but rather shall be deemed to refer to all other items or matters that could reasonably fall within the
broadest possible scope of such general statement, term or matter. 
 Section 6.3 Successors and Assigns. This Agreement shall
be binding upon and inure to the benefit of the Parties and their respective successors and assigns. 
 Section 6.4 No Third Party
Rights. The provisions of this Agreement are intended to bind the Parties as to each other and are not intended to and do not create rights in any other person or confer upon any other person any benefits, rights or remedies, and no person is or
is intended to be a third party beneficiary of any of the provisions of this Agreement. 

  
 14 

 Section 6.5 Counterparts. This Agreement may be executed in any number of
counterparts with the same effect as if all signatory Parties had signed the same document. All counterparts shall be construed together and shall constitute one and the same instrument. 

Section 6.6 Choice of Law. This Agreement shall be subject to and governed by the laws of the state of Delaware. EACH OF THE
PARTIES HERETO AGREES THAT THIS AGREEMENT INVOLVES AT LEAST U.S. $100,000 AND THAT THIS AGREEMENT HAS BEEN ENTERED INTO IN EXPRESS RELIANCE UPON 6 Del. C. § 2708. EACH OF THE PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY AGREES (i) TO BE
SUBJECT TO THE JURISDICTION OF THE COURTS OF THE STATE OF DELAWARE AND OF THE FEDERAL COURTS SITTING IN THE STATE OF DELAWARE, AND (ii) TO THE EXTENT SUCH PARTY IS NOT OTHERWISE SUBJECT TO SERVICE OF PROCESS IN THE STATE OF DELAWARE, TO APPOINT
AND MAINTAIN AN AGENT IN THE STATE OF DELAWARE AS SUCH PARTY’S AGENT FOR ACCEPTANCE OF LEGAL PROCESS AND TO NOTIFY THE OTHER PARTIES OF THE NAME AND ADDRESS OF SUCH AGENT. 

Section 6.7 Severability. If any of the provisions of this Agreement are held by any court of competent jurisdiction to
contravene, or to be invalid under, the laws of any political body having jurisdiction over the subject matter hereof, such contravention or invalidity shall not invalidate the entire Agreement. Instead, this Agreement shall be construed as if it
did not contain the particular provisions or provisions held to be invalid and an equitable adjustment shall be made and necessary provision added so as to give effect to the intention of the Parties as expressed in this Agreement at the time of
execution of this Agreement. 
 Section 6.8 Amendment or Modification. This Agreement may be amended or modified from time to
time only by the written agreement of all the Parties. Each such instrument shall be reduced to writing and shall be designated on its face as an amendment to this Agreement. 

Section 6.9 Integration. This Agreement and the instruments referenced herein supersede all previous understandings or agreements
among the Parties, whether oral or written, with respect to the subject matter of this Agreement and such instruments. This Agreement and such instruments contain the entire understanding of the Parties with respect to the subject matter hereof and
thereof. There are no unwritten oral agreements between the Parties. No understanding, representation, promise or agreement, whether oral or written, is intended to be or shall be included in or form part of this Agreement unless it is contained in
a written amendment hereto executed by the Parties hereto after the date of this Agreement. 
 Section 6.10 Deed; Bill of Sale;
Assignment. To the extent required and permitted by applicable law, this Agreement shall also constitute a “deed,” “bill of sale” or “assignment” of the assets and interests referenced herein. 

[Signature Page Follows] 

  
 15 

 IN WITNESS WHEREOF, the Parties to this Agreement have caused it to be duly executed as of
the date first above written. 
  

			
	PENNTEX MIDSTREAM PARTNERS, LP
		
	By:	 	 PennTex Midstream GP, LLC
 its general
partner

 
			
	
		
	            By:  	 	 
		 	 Name: Steven R. Jones
 Title: Chief Financial
Officer

	
	PENNTEX MIDSTREAM PARTNERS, LLC
		
	            By:  	 	 
		 	 Name: Steven R. Jones
 Title: Chief Financial
Officer

	
	PENNTEX NORTH LOUISIANA, LLC
		
	            By:  	 	 
		 	 Name: Steven R. Jones
 Title: Chief Financial
Officer

	
	PENNTEX MIDSTREAM OPERATING, LLC
		
	            By:  	 	 
		 	 Name: Steven R. Jones
 Title: Chief Financial
Officer

 Signature Page to Contribution, Conveyance and Assumption Agreement 

 SCHEDULE I 

ENVIRONMENTAL MATTERS 

[None.] 

  
 Schedule I 

 SCHEDULE II 

PENDING LITIGATION 

[None.] 

  
 Schedule IIEX-10.9

 Exhibit 10.9 

PENNTEX MIDSTREAM PARTNERS LP 

2015 LONG-TERM INCENTIVE PLAN 

SECTION 1. Purpose of the Plan. 

This PennTex Midstream Partners LP 2015 Long-Term Incentive Plan (the “Plan”) has been adopted by PennTex Midstream GP, LLC, a
Delaware limited liability company (the “Company”), the general partner of PennTex Midstream Partners, LP, a Delaware limited partnership (the “Partnership”). The Plan is intended to promote the interests of the
Partnership and the Company by providing incentive compensation awards denominated in or based on Units to Employees, Consultants and Directors to encourage superior performance. The Plan is also intended to enhance the ability of the Partnership,
the Company and their Affiliates to attract and retain the services of individuals who are essential for the growth and profitability of the Partnership, the Company and their Affiliates and to encourage them to devote their best efforts to
advancing the business of the Partnership, the Company and their Affiliates. 
 SECTION 2. Definitions. 

As used in the Plan, the following terms shall have the meanings set forth below: 

“Affiliate” means, with respect to any Person, any other Person that directly or indirectly through one or more
intermediaries controls, is controlled by or is under common control with, the Person in question. As used herein, the term “control” means the possession, direct or indirect, of the power to direct or cause the direction of the management
and policies of a Person, whether through ownership of voting securities, by contract or otherwise. 
 “ASC Topic 718”
means Accounting Standards Codification Topic 718, Compensation – Stock Compensation, or any successor accounting standard. 

“Award” means an Option, Restricted Unit, Phantom Unit, DER, Substitute Award, Unit Appreciation Right, Unit Award or Profits
Interest Unit granted under the Plan. 
 “Award Agreement” means the written or electronic agreement by which an Award
shall be evidenced and which agreement may include a separate plan, policy, agreement or other written document. 
 “Board”
means the board of directors or board of managers, as the case may be, of the Company. 
 “Cause” means, unless otherwise
set forth in an Award Agreement or other written agreement between the Company and the applicable Participant, a finding by the Committee, before or after the Participant’s termination of Service, of: (i) any material failure by the
Participant to perform the Participant’s duties and responsibilities as an Employee, Director or Consultant, as applicable, of the Company and/or its Affiliates; (ii) any act of fraud, embezzlement, theft or misappropriation by the
Participant relating to the Company, the Partnership or any of their Affiliates; (iii) the Participant’s commission of a felony or a crime 

 
involving moral turpitude; (iv) any gross negligence or intentional misconduct on the part of the Participant in the conduct of the Participant’s duties and responsibilities with the
Company or any Affiliate(s) of the Company or which adversely affects the image, reputation or business of the Company, the Partnership or their Affiliates; or (v) any material breach by the Participant of any agreement between the Company or
any of its Affiliates, on the one hand, and the Participant on the other. The findings and decision of the Committee with respect to such matter, including those regarding the acts of the Participant and the impact thereof, will be final for all
purposes. 
 “Change in Control” means, and shall be deemed to have occurred upon one or more of the following events: 

(i) any “person” or “group” within the meaning of Sections 13(d) and 14(d)(2) of the Exchange Act, other
than the Company or an Affiliate of the Company (as determined immediately prior to such event), shall become the beneficial owner, by way of merger, acquisition, consolidation, recapitalization, reorganization or otherwise, of 50% or more of the
combined voting power of the equity interests in the Company or the Partnership; 
 (ii) the limited partners of the
Partnership approve, in one or a series of transactions, a plan of complete liquidation of the Partnership; 
 (iii) the sale
or other disposition by either the Company or the Partnership of all or substantially all of the Company’s or the Partnership’s assets, respectively, in one or more transactions to any Person other than the Company, the Partnership or an
Affiliate of the Company or of the Partnership; or 
 (iv) a transaction resulting in a Person other than the Company or an
Affiliate of the Company (as determined immediately prior to such event) being the sole general partner of the Partnership. 

Notwithstanding the foregoing, if a Change in Control constitutes a payment event with respect to any Award which provides for the deferral of
compensation subject to Section 409A or such compensation otherwise would be subject to Section 409A, the transaction or event described in subsection (i), (ii), (iii) or (iv) above with respect to such Award must also constitute
a “change in control event,” as defined in Treasury Regulation §1.409A-3(i)(5), and as relates to the holder of such Award, to the extent required to comply with Section 409A. 

“Code” means the Internal Revenue Code of 1986, as amended. 

“Committee” means the Board, except that it shall mean such committee of the Board as may be appointed by the Board to
administer the Plan, or as necessary to comply with applicable legal requirements or listing standards. 
 “Consultant”
means an individual who renders consulting services to the Company, the Partnership or any of their Affiliates. 

  
 -2- 

 “DER” means a distribution equivalent right, representing a contingent right to
receive an amount in cash, Units, Restricted Units and/or Phantom Units equal in value to the distributions made by the Partnership with respect to a Unit during the period such Award is outstanding. 

“Director” means a member of the board of directors or board of managers, as the case may be, of the Company, the Partnership
or any of their Affiliates who is not an Employee or a Consultant (other than in that individual’s capacity as a Director). 

“Disability” means, unless otherwise set forth in an Award Agreement or other written agreement between the Company, the
Partnership or one of their Affiliates and the applicable Participant, as determined by the Committee in its discretion exercised in good faith, a physical or mental condition of a Participant that would entitle him or her to payment of disability
income payments under the Company’s, the Partnership’s or one of their Affiliates’ long-term disability insurance policy or plan, as applicable, for employees as then in effect; or in the event that a Participant is not covered, for
whatever reason, under any such long-term disability insurance policy or plan for employees of the Company, the Partnership or one of their Affiliates or the Company, the Partnership or one of their Affiliates does not maintain such a long-term
disability insurance policy, “Disability” means a total and permanent disability within the meaning of Section 22(e)(3) of the Code; provided, however, that if a Disability constitutes a payment event with respect to any Award
which provides for the deferral of compensation subject to Section 409A or such compensation otherwise would be subject to Section 409A, then, to the extent required to comply with Section 409A, the Participant must also be considered
“disabled” within the meaning of Section 409A(a)(2)(C) of the Code. A determination of Disability may be made by a physician selected or approved by the Committee and, in this respect, Participants shall submit to an examination by
such physician upon request by the Committee. 
 “Employee” means an employee of the Company, the Partnership or any of
their Affiliates. 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended. 

“Fair Market Value” means, as of any given date, the closing sales price on such date during normal trading hours (or, if
there are no reported sales on such date, on the last date prior to such date on which there were sales) of the Units on the New York Stock Exchange or, if not listed on such exchange, on any other national securities exchange on which the
Units are listed or on an inter-dealer quotation system, in any case, as reported in such source as the Committee shall select. If there is no regular public trading market for the Units, the Fair Market Value of the Units shall be determined by the
Committee in good faith and, to the extent applicable, in compliance with the requirements of Section 409A. 

“Option” means an option to purchase Units granted pursuant to Section 6(a) of the Plan. 

“Other Unit-Based Award” means an award granted pursuant to Section 6(f) of the Plan. 

“Participant” means an Employee, Consultant or Director granted an Award under the Plan and any authorized transferee of such
individual. 

  
 -3- 

 “Partnership Agreement” means the Agreement of Limited Partnership of the
Partnership, as it may be amended or amended and restated from time to time. 
 “Person” shall have the
meaning ascribed to such term in Section 3(a)(9) of the Exchange Act and used in Sections 13(d) and 14(d) thereof, including a “group” as defined in Section 13(d) thereof. 

“Phantom Unit” means a notional interest granted under the Plan that, to the extent vested, entitles the Participant to
receive a Unit or an amount of cash equal to the Fair Market Value of a Unit, as determined by the Committee in its discretion. 

“Profits Interest Unit” means to the extent authorized by the Partnership Agreement, an interest in the Partnership that is
intended to constitute a “profits interest” within the meaning of the Code, Treasury Regulations promulgated thereunder, and any published guidance by the Internal Revenue Service with respect thereto. 

“Restricted Period” means the period established by the Committee with respect to an Award during which the Award remains
subject to forfeiture and is either not exercisable by or payable to the Participant, as the case may be. 
 “Restricted
Unit” means a Unit granted pursuant to Section 6(b) of the Plan that is subject to a Restricted Period. 
 “Securities
Act” means the Securities Act of 1933, as amended. 
 “SEC” means the Securities and Exchange Commission, or any
successor thereto. 
 “Section 409A” means Section 409A of the Code and the Treasury Regulations and other
interpretive guidance issued thereunder, including without limitation any such regulations or other guidance that may be amended or issued after the Effective Date (as defined in Section 9 below). 

“Service” means service as an Employee, Consultant or Director. The Committee, in its sole discretion, shall determine the
effect of all matters and questions relating to terminations of Service, including, without limitation, the questions of whether and when a termination of Service occurred and/or resulted from a discharge for Cause, and all questions of whether
particular changes in status or leaves of absence constitute a termination of Service. The Committee, in its sole discretion, subject to the terms of any applicable Award Agreement, may determine that a termination of Service has not occurred in the
event of (a) a termination where there is simultaneous commencement by the Participant of a relationship with the Partnership, the Company or any of their Affiliates as an Employee, Director or Consultant or (b) a termination which results
in a temporary severance of the service relationship. 
 “Substitute Award” means an award granted pursuant to
Section 6(g) of the Plan. 
 “Unit” means a Common Unit of the Partnership. 

  
 -4- 

 “Unit Appreciation Right” or “UAR” means a contingent right
that entitles the holder to receive the excess of the Fair Market Value of a Unit on the exercise date of the UAR over the exercise price of the UAR. 

“Unit Award” means an award granted pursuant to Section 6(d) of the Plan. 

SECTION 3. Administration. 

(a) The Plan shall be administered by the Committee, subject to subsection (b) below; provided, however, that in the event
that the Board is not also serving as the Committee, the Board, in its sole discretion, may at any time and from time to time exercise any and all rights and duties of the Committee under the Plan. The governance of the Committee shall be subject to
the charter, if any, of the Committee as approved by the Board. Subject to the terms of the Plan and applicable law, and in addition to other express powers and authorizations conferred on the Committee by the Plan, the Committee shall have full
power and authority to: (i) designate Participants; (ii) determine the type or types of Awards to be granted to a Participant; (iii) determine the number of Units to be covered by Awards; (iv) determine the terms and conditions
of any Award; (v) determine whether, to what extent, and under what circumstances Awards may be settled, exercised, canceled, or forfeited; (vi) interpret and administer the Plan and any instrument or agreement relating to an Award made
under the Plan; (vii) establish, amend, suspend, or waive such rules and regulations and appoint such agents as it shall deem appropriate for the proper administration of the Plan; and (viii) make any other determination and take any other
action that the Committee deems necessary or desirable for the administration of the Plan. The Committee may correct any defect or supply any omission or reconcile any inconsistency in the Plan or an Award Agreement in such manner and to such extent
as the Committee deems necessary or appropriate. Unless otherwise expressly provided in the Plan, all designations, determinations, interpretations, and other decisions under or with respect to the Plan or any Award shall be within the sole
discretion of the Committee, may be made at any time and shall be final, conclusive, and binding upon all Persons, including the Company, the Partnership, any of their Affiliates, any Participant and any beneficiary of any Participant. 

(b) To the extent permitted by applicable law and the rules of any securities exchange on which the Units are listed, quoted or traded,
the Board or Committee may from time to time delegate to a committee of one or more members of the Board or one or more officers of the Company the authority to grant or amend Awards or to take other administrative actions pursuant to
Section 3(a); provided, however, that in no event shall an officer of the Company be delegated the authority to grant awards to, or amend awards held by, the following individuals: (i) individuals who are subject to Section 16
of the Exchange Act, or (ii) officers of the Company (or Directors) to whom authority to grant or amend Awards has been delegated hereunder; provided, further, that any delegation of administrative authority shall only be permitted to
the extent that it is permissible under applicable provisions of the Code and applicable securities laws and the rules of any securities exchange on which the Units are listed, quoted or traded. Any delegation hereunder shall be subject to such
restrictions and limitations as the Board or Committee, as applicable, specifies at the time of such delegation, and the Board or Committee, as applicable, may at any time rescind the authority so delegated or appoint a new delegatee. At all times,
the delegatee appointed under this Section 3(b) shall serve in such capacity at the pleasure of the Board and the Committee. 

  
 -5- 

 SECTION 4. Units. 

(a) Limits on Units Deliverable. Subject to adjustment as provided in Section 4(c), the number of Units that may be delivered with
respect to Awards under the Plan is              (        ). If any Award is forfeited, cancelled, exercised, paid, or otherwise terminates or
expires without the actual delivery of Units pursuant to such Award (for the avoidance of doubt, the grant of Restricted Units is not a delivery of Units for this purpose unless and until such Restricted Units vest and any restrictions placed upon
them under the Plan lapse, provided, however, that Restricted Units granted under the Plan that are forfeited by the recipient thereof after the 10th anniversary of the effective date of the Plan
shall not be added back to the number of Units that may be delivered under the Plan), the Units subject to such Award that are not actually delivered pursuant to such Award shall again be available for Awards under the Plan. To the extent permitted
by applicable law and securities exchange rules, Substitute Awards and Units issued in assumption of, or in substitution for, any outstanding awards of any entity (including an existing Affiliate of the Partnership) that is (or whose securities are)
acquired in any form by the Partnership or any Affiliate thereof shall not be counted against the Units available for issuance pursuant to the Plan. There shall not be any limitation on the number of Awards that may be paid in cash. 

(b) Sources of Units Deliverable Under Awards. Any Units delivered pursuant to an Award shall consist, in whole or in part, of Units
acquired in the open market, from the Partnership, any Affiliate thereof or any other Person, or Units otherwise issuable by the Partnership, or any combination of the foregoing, as determined by the Committee in its discretion. 

(c) Anti-dilution Adjustments. 

(i) Equity Restructuring. With respect to any “equity restructuring” event (within the meaning of ASC Topic 718) that could
result in an additional compensation expense to the Company or the Partnership pursuant to the provisions of ASC Topic 718 if adjustments to Awards with respect to such event were discretionary, the Committee shall equitably adjust the number and
type of Units covered by each outstanding Award and the terms and conditions, including the exercise price and performance criteria (if any), of such Award to equitably reflect such event and shall adjust the number and type of Units (or other
securities or property) with respect to which Awards may be granted under the Plan after such event. With respect to any other similar event that would not result in an ASC Topic 718 accounting charge if the adjustment to Awards with respect to such
event were subject to discretionary action, the Committee shall have complete discretion to adjust Awards and the number and type of Units (or other securities or property) with respect to which Awards may be granted under the Plan in such manner as
it deems appropriate with respect to such other event. 

  
 -6- 

 (ii) Other Changes in Capitalization. In the event of any non-cash distribution, Unit
split, combination or exchange of Units, merger, consolidation or distribution (other than normal cash distributions) of Partnership assets to unitholders, or any other change affecting the Units of the Partnership, other than an “equity
restructuring,” the Committee may make equitable adjustments, if any, to reflect such change with respect to (A) the aggregate number and kind of Units that may be issued under the Plan; (B) the number and kind of Units (or other
securities or property) subject to outstanding Awards; (C) the terms and conditions of any outstanding Awards (including, without limitation, any applicable performance targets or criteria with respect thereto); and (D) the grant or
exercise price per Unit for any outstanding Awards under the Plan. 
 SECTION 5. Eligibility. 

Any Employee, Consultant or Director shall be eligible to be designated a Participant and receive an Award under the Plan. 

SECTION 6. Awards. 
 (a)
Options and UARs. The Committee shall have the authority to determine the Employees, Consultants and Directors to whom Options and/or UARs shall be granted, the number of Units to be covered by each Option or UAR, the exercise price therefor,
the Restricted Period and other conditions and limitations applicable to the exercise of the Option or UAR, including the following terms and conditions and such additional terms and conditions, as the Committee shall determine, that are not
inconsistent with the provisions of the Plan. Options which are intended to comply with Treasury Regulation Section 1.409A-1(b)(5)(i)(A) and UARs which are intended to comply with Treasury Regulation Section 1.409A-1(b)(5)(i)(B) or, in
each case, any successor regulation, may be granted only if the requirements of Treasury Regulation Section 1.409A-1(b)(5)(iii), or any successor regulation, are satisfied. Options and UARs that are otherwise exempt from or compliant with
Section 409A may be granted to any eligible Employee, Consultant or Director. 
 (i) Exercise Price. The exercise
price per Unit purchasable under an Option or subject to a UAR shall be determined by the Committee at the time the Option or UAR is granted but, except with respect to a Substitute Award, may not be less than the Fair Market Value of a Unit as of
the date of grant of the Option or UAR. 
 (ii) Time and Method of Exercise. The Committee shall determine the
exercise terms and any applicable Restricted Period with respect to an Option or UAR, which may include, without limitation, provisions for accelerated vesting upon the achievement of specified performance goals and/or other events, and the method
or methods by which payment of the exercise price with respect to an Option or UAR may be made or deemed to have been made, which may include, without limitation, cash, check acceptable to the Company, withholding Units having a Fair Market Value on
the exercise date equal to the relevant exercise price from the Award, a “cashless” exercise through procedures approved by the Company, or any combination of the foregoing methods. 

  
 -7- 

 (iii) Exercise of Options and UARs on Termination of Service. Each Option
and UAR Award Agreement shall set forth the extent to which the Participant shall have the right to exercise the Option or UAR following a termination of the Participant’s Service. Unless otherwise determined by the Committee, if the
Participant’s Service is terminated for Cause, the Participant’s right to exercise the Option or UAR shall terminate as of the start of business on the effective date of the Participant’s termination. Unless otherwise determined by
the Committee, to the extent the Option or UAR is not vested and exercisable as of the termination of Service, the Option or UAR shall terminate when the Participant’s Service terminates. 

(iv) Term of Options and UARs. The term of each Option and UAR shall be stated in the Award Agreement, provided,
that the term shall be no more than ten (10) years from the date of grant thereof. 
 (b) Restricted Units and Phantom Units.
The Committee shall have the authority to determine the Employees, Consultants and Directors to whom Restricted Units and/or Phantom Units shall be granted, the number of Restricted Units or Phantom Units to be granted to each such Participant, the
applicable Restricted Period, the conditions under which the Restricted Units or Phantom Units may become vested or forfeited and such other terms and conditions, including, without limitation, restrictions on transferability and distributions, as
the Committee may establish with respect to such Awards. 
 (i) Payment of Phantom Units. The Committee shall specify,
or permit the Participant to elect in accordance with the requirements of Section 409A, the conditions and dates or events upon which the cash or Units underlying an award of Phantom Units shall be issued, which dates or events shall not be
earlier than the date on which the Phantom Units vest and become nonforfeitable and which conditions and dates or events shall be subject to compliance with Section 409A (unless the Phantom Units are exempt therefrom). 

(ii) Vesting of Restricted Units. Upon or as soon as reasonably practicable following the vesting of each Restricted
Unit, subject to satisfying the tax withholding obligations of Section 8(b), the Participant shall be entitled to have the restrictions removed from his or her Unit certificate (or book-entry account, as applicable) so that the Participant then
holds an unrestricted Unit. 
 (c) DERs. The Committee shall have the authority to determine the Employees, Consultants and/or
Directors to whom DERs are granted, whether such DERs are tandem or separate Awards, whether the DERs shall be paid directly to the Participant, be credited to a bookkeeping account (with or without interest in the discretion of the Committee), any
vesting restrictions and payment provisions applicable to the DERs, and such other provisions or restrictions as determined by the Committee in its discretion, all of which shall be specified in the applicable Award Agreements. Distributions in
respect of DERs shall be credited as of the distribution dates during the period between the date an Award is granted to a Participant and the date such Award vests, is exercised, is distributed or expires, as determined by the Committee.

  
 -8- 

 
Such DERs shall be converted to cash, Units, Restricted Units and/or Phantom Units by such formula and at such time and subject to such limitations as may be determined by the Committee. Tandem
DERs may be subject to the same or different vesting restrictions as the tandem Award, or be subject to such other provisions or restrictions as determined by the Committee in its discretion. Notwithstanding the foregoing, DERs shall only be paid in
a manner that is either exempt from or in compliance with Section 409A. 
 (d) Unit Awards. Awards of Units may be granted under
the Plan (i) to such Employees, Consultants and/or Directors and in such amounts as the Committee, in its discretion, may select, and (ii) subject to such other terms and conditions, including, without limitation, restrictions on
transferability, as the Committee may establish with respect to such Awards. 
 (e) Profits Interest Units. Any Award consisting of
Profits Interest Units may be granted to an Employee, Consultant or Director for the performance of services to or for the benefit of the Partnership (i) in the Participant’s capacity as a partner of the Partnership, (ii) in
anticipation of the Participant becoming a partner of the Partnership, or (iii) as otherwise determined by the Committee. At the time of grant, the Committee shall specify the date or dates on which the Profits Interest Units shall vest and
become nonforfeitable, and may specify such conditions to vesting as it deems appropriate. Profits Interest Units shall be subject to such restrictions on transferability and other restrictions as the Committee may impose. 

(f) Other Unit-Based Awards. Other Unit-Based Awards may be granted under the Plan to such Employees, Consultants and/or Directors as
the Committee, in its discretion, may select. An Other Unit-Based Award shall be an award denominated or payable in, valued in or otherwise based on or related to Units, in whole or in part. The Committee shall determine the terms and conditions of
any Other Unit-Based Award. Upon vesting, an Other Unit-Based Award may be paid in cash, Units (including Restricted Units) or any combination thereof as provided in the Award Agreement. 

(g) Substitute Awards. Awards may be granted under the Plan in substitution of similar awards held by individuals who are or who become
Employees, Consultants or Directors in connection with a merger, consolidation or acquisition by the Partnership or an Affiliate of another entity or the securities or assets of another entity (including in connection with the acquisition by the
Partnership or one of its Affiliates of additional securities of an entity that is an existing Affiliate of the Partnership). Such Substitute Awards that are Options or UARs may have exercise prices less than the Fair Market Value of a Unit on the
date of the substitution if such substitution complies with Section 409A and other applicable laws and securities exchange rules. 

(h) General. 

(i) Award Agreements. Each Award shall be evidenced in writing in an Award Agreement that shall reflect any vesting
conditions or restrictions imposed by the Committee covering a period of time specified by the Committee and shall also contain such other terms, conditions and limitations as shall be determined by the Committee in

  
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its sole discretion. Where signature or electronic acceptance of the Award Agreement by the Participant is required, any such Awards for which the Award Agreement is not signed or electronically
accepted shall be forfeited. 
 (ii) Forfeitures. Except as otherwise provided in the terms of an Award Agreement,
upon termination of a Participant’s Service for any reason during an applicable Restricted Period, all outstanding, unvested Awards held by such Participant shall be automatically forfeited by the Participant. Notwithstanding the immediately
preceding sentence, the Committee may, in its discretion, waive in whole or in part such forfeiture with respect to any such Award; provided, that any such waiver shall be effective only to the extent that such waiver will not cause
(i) any Award intended to satisfy the requirements of Section 409A to fail to satisfy such requirements or (ii) any Award intended to be exempt from Section 409A to become subject to and to fail to satisfy such requirements. 

(iii) Awards May Be Granted Separately or Together. Awards may, in the discretion of the Committee, be granted either
alone or in addition to, in tandem with, or in substitution for any other Award granted under the Plan or any award granted under any other plan of the Company or any Affiliate. Awards granted in addition to or in tandem with other Awards or awards
granted under any other plan of the Company or any Affiliate may be granted either at the same time as or at a different time from the grant of such other Awards or awards. 

(iv) Limits on Transfer of Awards. 

(A) Except as provided in paragraph (C) below, each Option and UAR shall be exercisable only by the Participant (or the
Participant’s legal representative in the case of the Participant’s Disability or incapacitation) during the Participant’s lifetime, or by the person to whom the Participant’s rights shall pass by will or the laws of descent and
distribution. 
 (B) Except as provided in paragraph (C) below, no Award and no right under any such Award may be
assigned, alienated, pledged, attached, sold or otherwise transferred or encumbered by a Participant other than by will or the laws of descent and distribution and any such purported assignment, alienation, pledge, attachment, sale, transfer or
encumbrance shall be void and unenforceable against the Company, the Partnership or any Affiliate. 
 (C) The Committee may
provide in an Award Agreement or in its discretion that an Award may, on such terms and conditions as the Committee may from time to time establish, be transferred by a Participant without consideration to any “family member” of the
Participant, as defined in the instructions to use of the Form S-8 Registration Statement under the Securities Act, as applicable, or any other transferee specifically approved by the Committee after taking into account any state, federal, local or
foreign tax and securities laws applicable to transferable Awards. In addition, vested Units may be transferred to the extent permitted by the Partnership Agreement and not otherwise prohibited by the Award Agreement or any other agreement or policy
restricting the transfer of such Units. 

  
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 (v) Term of Awards. Subject to Section 6(a)(iv) above, the term of
each Award, if any, shall be for such period as may be determined by the Committee. 
 (vi) Unit Certificates. Unless
otherwise determined by the Committee or required by any applicable law, rule or regulation, neither the Company nor the Partnership shall deliver to any Participant certificates evidencing Units issued in connection with any Award and instead such
Units shall be recorded in the books of the Partnership (or, as applicable, its transfer agent or equity plan administrator). All certificates for Units or other securities of the Partnership delivered under the Plan and all Units issued pursuant to
book entry procedures pursuant to any Award or the exercise thereof shall be subject to such stop-transfer orders and other restrictions as the Committee may deem advisable under the Plan or the rules, regulations, and/or other requirements of the
SEC, any securities exchange upon which such Units or other securities are then listed, and any applicable federal or state laws, and the Committee may cause a legend or legends to be inscribed on any such certificates or book entry to make
appropriate reference to such restrictions. 
 (vii) Consideration for Grants. To the extent permitted by applicable
law, Awards may be granted for such consideration, including services, as the Committee shall determine. 
 (viii)
Delivery of Units or other Securities and Payment by Participant of Consideration. Notwithstanding anything in the Plan or any Award Agreement to the contrary, subject to compliance with Section 409A, the Company shall not be required to
issue or deliver any certificates or make any book entries evidencing Units pursuant to the exercise or vesting of any Award, unless and until the Board or the Committee has determined, with advice of counsel, that the issuance of such Units is in
compliance with all applicable laws, regulations of governmental authorities and, if applicable, the requirements of any securities exchange on which the Units are listed or traded, and the Units are covered by an effective registration statement or
applicable exemption from registration. In addition to the terms and conditions provided herein, the Board or the Committee may require that a Participant make such reasonable covenants, agreements, and representations as the Board or the Committee,
in its discretion, deems advisable in order to comply with any such laws, regulations, or requirements. Without limiting the generality of the foregoing, the delivery of Units pursuant to the exercise or vesting of an Award may be deferred for any
period during which, in the good faith determination of the Committee, the Company is not reasonably able to obtain or deliver Units pursuant to such Award without violating applicable law or the applicable rules or regulations of any governmental
agency or authority or securities exchange. No Units or other securities shall be delivered pursuant to any Award until payment in full of any amount required to be paid pursuant to the Plan or the applicable Award Agreement (including, without
limitation, any exercise price or tax withholding) is received by the Company. 

  
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 SECTION 7. Amendment and Termination; Certain Transactions. 

Except to the extent prohibited by applicable law: 

(a) Amendments to the Plan. Except as required by applicable law or the rules of the principal securities exchange, if any, on which
the Units are traded and subject to Section 7(b) below, the Board or the Committee may amend, alter, suspend, discontinue, or terminate the Plan in any manner at any time for any reason or for no reason without the consent of any partner,
Participant, other holder or beneficiary of an Award, or any other Person. The Board shall obtain securityholder approval of any Plan amendment to the extent necessary to comply with applicable law or securities exchange listing standards or rules.

 (b) Amendments to Awards. Subject to Section 7(a) above, the Committee may waive any conditions or rights under, amend any
terms of, or alter any Award theretofore granted, provided that no change, other than pursuant to Section 7(c) below, in any Award shall materially reduce the rights or benefits of a Participant with respect to an Award without the consent of
such Participant. 
 (c) Actions Upon the Occurrence of Certain Events. Upon the occurrence of a Change in Control, any transaction
or event described in Section 4(c) above, any change in applicable laws or regulations affecting the Plan or Awards hereunder, or any change in accounting principles affecting the financial statements of the Company or the Partnership, the
Committee, in its sole discretion, without the consent of any Participant or holder of an Award, and on such terms and conditions as it deems appropriate, which need not be uniform with respect to all Participants or all Awards, may take any one or
more of the following actions: 
 (i) provide for either (A) the termination of any Award in exchange for a payment in
an amount, if any, equal to the amount that would have been attained upon the exercise of such Award or realization of the Participant’s rights under such Award (and, for the avoidance of doubt, if as of the date of the occurrence of such
transaction or event, the Committee determines in good faith that no amount would have been payable upon the exercise of such Award or realization of the Participant’s rights, then such Award may be terminated by the Company without payment) or
(B) the replacement of such Award with other rights or property selected by the Committee in its sole discretion having an aggregate value not exceeding the amount that could have been attained upon the exercise of such Award or realization of
the Participant’s rights had such Award been currently exercisable or payable or fully vested; 
 (ii) provide that such
Award be assumed by the successor or survivor entity, or a parent or subsidiary thereof, or be exchanged for similar options, rights or awards covering the equity of the successor or survivor, or a parent or subsidiary thereof, with appropriate
adjustments as to the number and kind of equity interests and prices; 
 (iii) make adjustments in the number and type of
Units (or other securities or property) subject to outstanding Awards, the number and kind of outstanding Awards, the terms and conditions of (including the exercise price), and/or the vesting and performance criteria included in, outstanding
Awards; 

  
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 (iv) provide that such Award shall vest or become exercisable or payable,
notwithstanding anything to the contrary in the Plan or the applicable Award Agreement; and 
 (v) provide that the Award
cannot be exercised or become payable after such event and shall terminate upon such event. 
 Notwithstanding the foregoing, (i) with respect
to an above event that constitutes an “equity restructuring” that would be subject to a compensation expense pursuant to ASC Topic 718, the provisions in Section 4(c) above shall control to the extent they are in conflict with the
discretionary provisions of this Section 7, provided, however, that nothing in this Section 7(c) or Section 4(c) above shall be construed as providing any Participant or any beneficiary of an Award any rights with respect to
the “time value,” “economic opportunity” or “intrinsic value” of an Award or limiting in any manner the Committee’s actions that may be taken with respect to an Award as set forth in this Section 7 or in
Section 4(c) above; and (ii) no action shall be taken under this Section 7 which shall cause an Award to result in taxation under Section 409A, to the extent applicable to such Award. 

SECTION 8. General Provisions. 

(a) No Rights to Award. No Person shall have any claim to be granted any Award under the Plan, and there is no obligation for uniformity
of treatment of Participants, including the treatment upon termination of Service or pursuant to Section 7(c). The terms and conditions of Awards need not be the same with respect to each recipient. 

(b) Tax Withholding. Unless other arrangements have been made that are acceptable to the Company, the Company or any Affiliate thereof
is authorized to deduct or withhold, or cause to be deducted or withheld, from any Award, from any payment due or transfer made under any Award, or from any compensation or other amount owing to a Participant the amount (in cash or Units, including
Units that would otherwise be issued pursuant to such Award or other property) of any applicable taxes payable in respect of an Award, including its grant, its exercise, the lapse of restrictions thereon, or any payment or transfer thereunder or
under the Plan, and to take such other action as may be necessary in the opinion of the Company to satisfy its withholding obligations for the payment of such taxes. In the event that Units that would otherwise be issued pursuant to an Award are
used to satisfy such withholding obligations, the number of Units which may be so withheld or surrendered shall be limited to the number of Units which have a Fair Market Value on the date of withholding 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. 

  
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 (c) No Right to Employment or Services. The grant of an Award shall not be construed as
giving a Participant the right to be retained in the employ of the Company, the Partnership or any of their Affiliates, or to continue to serve as a Consultant or a Director, as applicable. Furthermore, the Company, the Partnership and/or an
Affiliate thereof may at any time dismiss a Participant from employment or consulting free from any liability or any claim under the Plan, unless otherwise expressly provided in the Plan, any Award Agreement or other written agreement between any
such entity and the Participant. 
 (d) No Rights as Unitholder. Except as otherwise provided herein, a Participant shall have none
of the rights of a unitholder with respect to Units covered by any Award unless and until the Participant becomes the record owner of such Units. 

(e) Section 409A. To the extent that the Committee determines that any Award granted under the Plan is subject to
Section 409A, the Award Agreement evidencing such Award shall be drafted with the intention to include the terms and conditions required by Section 409A. To the extent applicable, the Plan and Award Agreements shall be interpreted in
accordance with Section 409A. Notwithstanding any provision of the Plan to the contrary, in the event that following the Effective Date (as defined in Section 9 below), the Committee determines that any Award may be subject to
Section 409A, the Committee may adopt such amendments to the Plan and the applicable Award Agreement, adopt other policies and procedures (including amendments, policies and procedures with retroactive effect), and/or take any other actions
that the Committee determines are necessary or appropriate to preserve the intended tax treatment of the Award, including without limitation, actions intended to (i) exempt the Award from Section 409A, or (ii) comply with the
requirements of Section 409A; provided, however, that nothing herein shall create any obligation on the part of the Committee, the Partnership, the Company or any of their Affiliates to adopt any such amendment, policy or procedure or
take any such other action, nor shall the Committee, the Partnership, the Company or any of their Affiliates have any liability for failing to do so. If any termination of Service constitutes a payment event with respect to any Award which provides
for the deferral of compensation and is subject to Section 409A, such termination of Service must also constitute a “separation from service” within the meaning of Section 409A. Notwithstanding any provision in the Plan to the
contrary, the time of payment with respect to any Award that is subject to Section 409A shall not be accelerated, except as permitted under Treasury Regulation Section 1.409A-3(j)(4). Notwithstanding any provision of this Plan to the
contrary, if a Participant is a “specified employee” within the meaning of Section 409A as of the date of such Participant’s termination of Service and the Company determines that immediate payment of any amounts or benefits
under this Plan would cause a violation of Section 409A, then any amounts or benefits which are payable under this Plan upon the Participant’s “separation from service” within the meaning of Section 409A that: (i) are
subject to the provisions of Section 409A; (ii) are not otherwise exempt under Section 409A; and (iii) would otherwise be payable during the first six-month period following such separation from service, shall be paid, without
interest, on the first business day following the earlier of: (1) the date that is six months and one day following the date of termination; or (2) the date of the Participant’s death. Each payment or amount due to a Participant under
this Plan shall be considered a separate payment, and a Participant’s entitlement to a series of payments under this Plan is to be treated as an entitlement to a series of separate payments. 

  
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 (f) Lock-Up Agreement. Each Participant shall agree, if so requested by the Company or the
Partnership and any underwriter in connection with any public offering of securities of the Partnership or any Affiliate, not to directly or indirectly offer, sell, contract to sell, sell any option or contract to purchase, purchase any option or
contract to sell, grant any option, right or warrant for the sale of or otherwise dispose of or transfer any Units held by it for such period, not to exceed one hundred eighty (180) days following the effective date of the relevant registration
statement filed under the Securities Act in connection with such public offering, as such underwriter shall specify reasonably and in good faith. The Company or the Partnership may impose stop-transfer instructions with respect to securities subject
to the foregoing restrictions until the end of such 180-day period. Notwithstanding the foregoing, the 180-day period may be extended for up to such number of additional days as is deemed necessary by such underwriter or the Company or Partnership
to continue coverage by research analysts in accordance with FINRA Rule 2711 or any successor rule. 
 (g) Compliance with Laws. The
Plan, the granting and vesting of Awards under the Plan and the issuance and delivery of Units and the payment of money under the Plan or under Awards granted or awarded hereunder are subject to compliance with all applicable federal, state, local
and foreign laws, rules and regulations (including but not limited to state, federal and foreign securities law and margin requirements), the rules of any securities exchange or automated quotation system on which the Units are listed, quoted or
traded, and to such approvals by any listing, regulatory or governmental authority as may, in the opinion of counsel for the Company or the Partnership, be necessary or advisable in connection therewith. Any securities delivered under the Plan shall
be subject to such restrictions, and the Person acquiring such securities shall, if requested by the Company or the Partnership, provide such assurances and representations to the Company or the Partnership as the Company or the Partnership may deem
necessary or desirable to assure compliance with all applicable legal requirements. To the extent permitted by applicable law, the Plan and Awards granted or awarded hereunder shall be deemed amended to the extent necessary to conform to such laws,
rules and regulations. In the event an Award is granted to or held by a Participant who is employed or providing services outside the United States, the Committee may, in its sole discretion, modify the provisions of the Plan or of such Award as
they pertain to such Participant to comply with applicable foreign law or to recognize differences in local law, currency or tax policy. The Committee may also impose conditions on the grant, issuance, exercise, vesting, settlement or retention of
Awards in order to comply with such foreign law and/or to minimize the Company’s or the Partnership’s obligations with respect to tax equalization for Participants employed outside their home country. 

(h) Governing Law. The validity, construction, and effect of the Plan and any rules and regulations relating to the Plan shall be
determined in accordance with the laws of the State of Delaware without regard to its conflicts of laws principles. 
 (i)
Severability. If any provision of the Plan or any Award is or becomes, or is deemed to be, invalid, illegal, or unenforceable in any jurisdiction or as to any Person or Award, or would disqualify the Plan or any Award under any law deemed
applicable by the Committee, such provision shall be construed or deemed amended to conform to the applicable law or, if it cannot be construed or deemed amended without, in the determination of the Committee, materially altering the intent of the
Plan or the Award, such provision shall be stricken as to such jurisdiction, Person or Award and the remainder of the Plan and any such Award shall remain in full force and effect. 

  
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 (j) Other Laws. The Committee may refuse to issue or transfer any Units or other
consideration under an Award if, in its sole discretion, it determines that the issuance or transfer of such Units or such other consideration might violate any applicable law or regulation, the rules of the principal securities exchange on which
the Units are then traded, or entitle the Partnership or an Affiliate to recover the same under Section 16(b) of the Exchange Act, and any payment tendered to the Company by a Participant, other holder or beneficiary in connection with the
exercise of such Award shall be promptly refunded to the relevant Participant, holder or beneficiary. 
 (k) No Trust or Fund
Created. Neither the Plan nor any Award shall create or be construed to create a trust or separate fund of any kind or a fiduciary relationship between the Company, the Partnership or any of their Affiliates, on the one hand, and a Participant
or any other Person, on the other hand. To the extent that any Person acquires a right to receive payments pursuant to an Award, such right shall be no greater than the right of any general unsecured creditor of the Partnership or any participating
Affiliate of the Partnership. 
 (l) No Fractional Units. No fractional Units shall be issued or delivered pursuant to the Plan or
any Award, and the Committee shall determine whether cash, other securities, or other property shall be paid or transferred in lieu of any fractional Units or whether such fractional Units or any rights thereto shall be canceled, terminated, or
otherwise eliminated. 
 (m) Headings. Headings are given to the Sections and subsections of the Plan solely as a convenience to
facilitate reference. Such headings shall not be deemed in any way material or relevant to the construction or interpretation of the Plan or any provision hereof. 

(n) No Guarantee of Tax Consequences. None of the Board, the Committee, the Company or the Partnership provides or has provided any tax
advice to any Participant or any other Person or makes or has made any assurance, commitment or guarantee that any federal, state, local or other tax treatment will (or will not) apply or be available to any Participant or other Person and assumes
no liability with respect to any tax or associated liabilities to which any Participant or other Person may be subject. 
 (o)
Clawback. To the extent required by applicable law or any applicable securities exchange listing standards, or as otherwise determined by the Committee, Awards and amounts paid or payable pursuant to or with respect to Awards shall be subject
to the provisions of any clawback policy implemented by the Company or the Partnership, which clawback policy may provide for forfeiture, repurchase and/or recoupment of Awards and amounts paid or payable pursuant to or with respect to Awards.
Notwithstanding any provision of this Plan or any Award Agreement to the contrary, the Company and the Partnership reserve the right, without the consent of any Participant, to adopt any such clawback policies and procedures, including such policies
and procedures applicable to this Plan or any Award Agreement with retroactive effect. 
 (p) Unit Retention Policy. The Committee
may provide in its sole and absolute discretion, subject to applicable law, that any Units received by a Participant in connection with an Award granted hereunder shall be subject to a unit ownership, unit retention or other policy restricting the
sale or transfer of units, as the Committee may determine to adopt, amend or terminate in its sole discretion from time to time. 

  
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 (q) Limitation of Liability. No member of the Board or the Committee or Employee to whom
the Board or the Committee has delegated authority in accordance with the provisions of Section 3 of this Plan shall be liable for anything done or omitted to be done by him or her by any member of the Board or the Committee or by any Employee
in connection with the performance of any duties under this Plan, except for his or her own willful misconduct or as expressly provided by statute. 

(r) Facility Payment. Any amounts payable hereunder to any Person under legal disability or who, in the judgment of the Committee, is
unable to manage properly his or her financial affairs, may be paid to the legal representative of such Person, or may be applied for the benefit of such Person in any manner that the Committee may select, and the Partnership, the Company and all of
their Affiliates shall be relieved of any further liability for payment of such amounts. 
 SECTION 9. Term of the Plan. 

The Plan shall be effective on the date on which the Plan is adopted by the Board (the “Effective Date”) and shall continue
until the date terminated by the Board. However, any Award granted prior to such termination, and the authority of the Board or the Committee to amend, alter, adjust, suspend, discontinue, or terminate any such Award or to waive any conditions or
rights under such Award, shall extend beyond such termination date. The Plan shall, within twelve (12) months after the date of the Board’s initial adoption of the Plan, be submitted for approval by a majority of the outstanding Units of
the Partnership entitled to vote. 

  
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