Document:

Exhibit 10.4

THE SECURITIES  REPRESENTED BY THIS DOCUMENT HAVE NOT BEEN REGISTERED  UNDER THE
SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES  ACT"), AND MAY NOT BE SOLD,
TRANSFERRED OR ASSIGNED  UNLESS SUCH SALE,  TRANSFER OR ASSIGNMENT IS COVERED BY
AN EFFECTIVE  REGISTRATION  STATEMENT UNDER THE SECURITIES ACT, OR SATISFIES THE
REQUIREMENTS  OF RULE  144 OF THE  SECURITIES  AND  EXCHANGE  COMMISSION,  OR IS
EFFECTED PURSUANT TO AN OPINION OF COUNSEL  SATISFACTORY TO THE ISSUER THAT SUCH
SALE, TRANSFER OR ASSIGNMENT IS EXEMPT FROM SUCH REGISTRATION.

                             ROSTOCK VENTURES CORP.

                      UNSECURED CONVERTIBLE PROMISSORY NOTE

$5,000                                                            April 21, 2016

     Rostock Ventures Corp., a Nevada  corporation  (the  "COMPANY"),  for value
received,  promises  to pay to the  order of  Robert  Seeley,  or its  permitted
assigns (the "HOLDER"), the principal sum of Five Thousand Dollars ($5,000) plus
simple  interest  at the rate of ten percent  (10.0%) per annum,  or such lesser
rate of interest as may be required by applicable laws regulating the legal rate
of interest,  from the date of this Note until  fully-paid,  or until  converted
pursuant to Section 5 hereof.

     1.  MATURITY.   This  Note  shall  mature   automatically  and  the  entire
outstanding  principal  amount,  together  with all interest  accrued under this
Note,  shall  become  due and  payable on the date that is one (1) year from the
date of  issuance  ("MATURITY  DATE"),  unless this Note,  before such date,  is
converted  into shares of capital  stock of the  Company at the  election of the
Holder pursuant to Section 5 hereof.

     2. PAYMENT OF PRINCIPAL AND INTEREST. Payments of principal and any accrued
interest are to be made on or before the Maturity  Date.  All payments are to be
made at the  address of Holder set forth under  Section  9(h) of this Note or at
such other  place in the United  States as Holder  designates  to the Company in
writing.  Interest  under this Note shall be  computed on the basis of a 360-day
year and 30 day month.

     3.  PREPAYMENT.  Subject  to the  Company's  right to convert  pursuant  to
Section  5, this Note may be  prepaid  in whole or in part at any time,  without
penalty.  Any prepayment  shall be first applied  against any accrued and unpaid
interest and then to reduce the amount of principal due under this Note.

     4. WAIVER OF PRESENTMENT.  The Company hereby  expressly  waives demand and
presentment  for  payment,  notice of  nonpayment,  protest,  notice of protest,
notice of dishonor, notice of acceleration or intent to accelerate,  bringing of
suit and diligence in taking any action to collect  amounts called for hereunder
and shall be directly and primarily liable for the payment of all sums owing and
to be owing hereunder,  regardless of and without any notice,  diligence, act or
omission  as or  with  respect  to the  collection  of  any  amount  called  for
hereunder.

     5. CONVERSION OF NOTE.

     (a) Conversion  into Stock.  At the option of the Holder,  at any time, the
outstanding  principal  amount  of this  Note and any  accrued  interest  may be
converted,  in whole or in part, into fully-paid and  non-assessable  restricted
shares of common stock at the Conversion Price (as defined  herein).  The number
of such  shares of common  stock that Holder  shall be entitled to receive,  and
shall receive,  upon such conversion  shall be determined by dividing the amount
of principal and interest  under this Note being so converted by the  Conversion
Price (as  defined  herein).  The  election  of the Holder to  convert  shall be
irrevocable  and the date the Company elects to convert shall be the "CONVERSION
DATE."

     (b)  Conversion  Price.  Subject  to  adjustment  as  provided  below,  the
"CONVERSION PRICE" shall equal $0.015 per share.

     (c) Stock  Certificates.  Upon  conversion  into common stock,  the Company
shall  issue and  deliver to Holder,  or to  Holder's  nominee  or  nominees,  a
certificate  or  certificates  representing  the number of restricted  shares of
<PAGE>
common  stock to which  Holder  shall be entitled as a result of  conversion  as
provided herein. The certificate shall bear the following legend:

      "THE  SECURITIES  REPRESENTED BY THIS  CERTIFICATE  HAVE NOT BEEN
      REGISTERED  UNDER THE SECURITIES ACT OF 1933, AS AMENDED,  OR THE
      SECURITIES  LAWS OF ANY STATE  AND MAY NOT BE SOLD,  TRANSFERRED,
      HYPOTHECATED   OR  OTHERWISE   ASSIGNED   EXCEPT  PURSUANT  TO  A
      REGISTRATION  STATEMENT WITH RESPECT TO SUCH SECURITIES  WHICH IS
      EFFECTIVE   UNDER  SUCH  ACT  AND  UNDER  ANY  APPLICABLE   STATE
      SECURITIES  LAWS  UNLESS,  IN THE  OPINION OF COUNSEL  REASONABLY
      SATISFACTORY   TO  THE   CORPORATION,   AN  EXEMPTION   FROM  THE
      REGISTRATION  REQUIREMENTS OF SUCH ACT AND STATE  SECURITIES LAWS
      IS AVAILABLE."

     (d) Adjustment for Stock Splits and  Combinations.  If the Company,  at any
time while this Note is  outstanding:  (A) pays a stock  dividend  or  otherwise
makes a distribution or distributions in shares of its common stock or any other
equity or equity  equivalent  securities  payable in shares of common stock, (B)
subdivides  outstanding  shares of common stock into a larger  number of shares,
(C) combines  (including  by way of reverse stock split)  outstanding  shares of
common stock into a smaller number of shares, or (D) issues by  reclassification
of shares of the common stock any shares of capital  stock of the Company,  then
the  Conversion  Price shall be  multiplied by a fraction of which the numerator
shall be the number of shares of common stock  (excluding  treasury  shares,  if
any)  outstanding  before such event and of which the  denominator  shall be the
number of shares of common stock  outstanding  after such event.  Any adjustment
made  pursuant to this section  shall  become  effective  immediately  after the
record date for the  determination  of  stockholders  entitled  to receive  such
dividend  or  distribution  and shall  become  effective  immediately  after the
effective date in the case of a subdivision, combination or re classification.

     6. NO RIGHTS AS  STOCKHOLDER.  This Note does not entitle  Holder to voting
rights or any other right as a shareholder  of the Company before the conversion
hereof.

     7. LOSS,  THEFT OR  DESTRUCTION  OF NOTE.  Upon  receipt by the  Company of
evidence  reasonably   satisfactory  to  the  Company  of  the  loss,  theft  or
destruction of this Note and of indemnity or security reasonably satisfactory to
the Company,  the Company shall make and deliver a new Note that shall carry the
same rights to interest  (unpaid  and to accrue)  carried by this Note,  stating
that such Note is issued in  replacement of this Note,  making  reference to the
original date of issuance of this Note (and any  successor  hereto) and dated as
of such cancellation, in lieu of this Note.

     8. SEVERABILITY.  Every provision of this Note is intended to be severable.
If any term or provision hereof is declared by a court of competent jurisdiction
to be  illegal  or  invalid  for  any  reason  whatsoever,  such  illegality  or
invalidity  shall not affect the  balance  of the terms and  provisions  hereof,
which terms and provisions shall remain binding and enforceable.

     9. MISCELLANEOUS.

     (a)  No  Fractional   Units  or  Scrip.  No  fractional   shares  or  scrip
representing  fractional units shall be issued upon the conversion of this Note.
In lieu of any fractional  shares to which Holder  otherwise  would be entitled,
the Company shall round up to the nearest whole share.

     (b) Governing Law. This Note shall  constitute a contract under the laws of
the State of Nevada and for all purposes  shall be construed in accordance  with
and governed by the laws of the State of Nevada, without regard to the conflicts
of laws provisions thereof.

     (c)  Compliance  With Usury Laws.  The Company and Holder  intend to comply
with all applicable  usury laws. In fulfilling  this  intention,  all agreements
between  the  Company  and  Holder are  expressly  limited so that the amount of
interest  paid or  agreed  to be paid to  Holder  for the use,  forbearance,  or
detention  of money  under  this  Note  shall  not  exceed  the  maximum  amount
permissible under applicable law.

                                       2
<PAGE>
     If for any reason  payment of any amount  required under this Note shall be
prohibited by law, then the obligation shall be reduced to the maximum allowable
by law.  If for any reason  Holder  receives  as  interest  an amount that would
exceed the highest lawful rate, then the amount which would constitute excessive
interest shall be applied to the reduction of the principal of this Note and not
to the payment of interest.  If any conflict  arises  between this provision and
any provision of any other agreement  between the Company and Holder,  then this
provision shall control.

     (d) Legal Representation.  Holder agrees and represents that such party has
been represented by such party's own legal counsel with regard to all aspects of
this Note, or if such party is acting without legal counsel, that such party has
had  adequate  opportunity  and has been  encouraged  to seek the advice of such
party's own legal counsel prior to the execution of this Agreement.

     (e) Jurisdiction.  Any action  whatsoever  brought upon or relating to this
Note shall be instituted  and  prosecuted  in the state courts  located in Clark
County,  Nevada, or the federal district court therefore,  and each party waives
the right to change the venue.  The  parties  hereto  further  consent to accept
service of process in any such action or  proceeding by certified  mail,  return
receipt requested.

     (f)  Restrictions.  Holder  acknowledges  that all  shares of common  stock
acquired upon the  conversion of this Note shall be subject to  restrictions  on
resale imposed by state and federal securities laws.

     (g)  Assignment.  Subject to  restrictions  on resale  imposed by state and
federal  securities  laws,  Holder  may assign  this Note or any of the  rights,
interests or obligations hereunder,  by operation of law or otherwise,  in whole
or in part, to any person or entity so long as such assignee  agrees to be bound
by the terms and conditions of the Agreement  (including the representations and
warranties  of the Holder  therein).  Effective  upon any such  assignment,  the
person or entity to whom such rights,  interests  and  obligations  are assigned
shall have and  exercise  all of  Holder's  rights,  interests  and  obligations
hereunder as if such person or entity were the original Holder of this Note.

                      [THIS PART LEFT INTENTIONALLY BLANK]

                                       3
<PAGE>
     (h)  Notices.  Any  notice,  request  or other  communication  required  or
permitted hereunder shall be given upon personal delivery,  overnight courier or
upon the fifth (5th) day  following  mailing by  registered  mail (or  certified
first class mail if both the  addresser  and addressee are located in the United
States), postage prepaid and addressed to the parties hereto as follows:

     To the Company:        Rostock Ventures Corp.
                            2360 Corporate Circle, Suite 4000
                            Henderson, NV 89074-7722
                            Attention: Gregory Rotelli

     To Holder:
                            -------------------------------------

                            -------------------------------------

     IN WITNESS  WHEREOF,  Rostock  Ventures  Corp.  has caused  this  Unsecured
Convertible  Promissory  Note  to be  executed  by its  officer  thereunto  duly
authorized.

                                 THE "COMPANY"

                                 ROSTOCK VENTURES CORP.
                                 a Nevada corporation

                                 -------------------------------------
                                 By:  Gregory Rotelli
                                 Its: Chief Executive Officer

Accepted and Agreed to:          ROBERT SEELEY

                                 -------------------------------------
                                 By:
                                    ----------------------------------
                                 Its:
                                     ---------------------------------

                                       4Exhibit

Exhibit 10.3

PERFORMANCE UNIT AGREEMENT

THIS PERFORMANCE UNIT AGREEMENT (this “Agreement”) is entered into by and between EnLink Midstream GP, LLC, a Delaware limited liability company (the “Company”), and _________________ (“Participant”) as of the Grant Date.  

WITNESSETH:

WHEREAS, the EnLink Midstream GP, LLC Long-Term Incentive Plan, as amended and restated March 7, 2014 (the “Plan”), was adopted by the Company for the benefit of certain employees and consultants of the Company or its Affiliates, and non-employee directors of the Company; and 
WHEREAS, the Committee is responsible for granting Awards in accordance with the Plan, which Awards shall be subject to such terms and conditions as the Committee shall determine pursuant to the Plan; and

WHEREAS, Participant is eligible to participate in the Plan and the Committee has authorized the grant to Participant of the “Subject Award” (as defined in Section 2 of this Agreement), which is intended to constitute performance-based compensation, and which shall be subject to certain restrictions pursuant to the Plan and upon the terms set forth herein.

NOW, THEREFORE, in consideration of the premises and the mutual covenants and agreements hereinafter set forth, the Company and Participant hereby agree as follows:

1.    Definitions.  Capitalized terms used herein and not otherwise defined herein shall have the meaning ascribed to them in the Plan.

“Good Reason” means any of the following, without Participant’s consent: (i) a material reduction in Participant’s base annual salary; (ii) a material adverse change in Participant’s authority, duties or responsibilities; or (iii) the Company requires Participant to move his or her principal place of employment to a location that is 30 or more miles from his or her current place of employment and the new location is farther from his or her primary residence.  From and after the occurrence of a Change of Control that occurs following the date hereof, Good Reason shall also include any material breach of this Agreement by the Company (or any successor thereof, as applicable).  For purposes of this definition, no act or failure to act on the Company’s part shall be considered a “Good Reason” unless (x) Participant has given the Company written notice of such act or failure to act within 30 days thereof, (y) the Company fails to remedy such act or failure to act within 30 days of its receipt of such notice, and (z) Participant terminates his or her employment with the Company within 60 days following the Company’s receipt of written notice.

“Grant Date” means _______.

“Performance Goal” means the Performance Goal as set forth in Schedule A to this Agreement.

“Performance Period” means the period defined in Schedule A to this Agreement for purposes of determining attainment of the Performance Goal.

“Prorated Amount” means a number equal to the total number of outstanding Restricted Incentive Units granted hereunder multiplied by a fraction (i) the numerator of which is the number of days that elapse from the commencement of the Performance Period to the date of the Qualifying Termination and (ii) the denominator of which is the full number of days of the Performance Period.

“Qualifying Termination” means Participant’s employment or service with the Company or its Affiliates is terminated due to (i) Participant’s retirement with the approval of the Chief Executive Officer of the Company on or after reaching age 60, (ii) an involuntary termination of Participant by the Company for reasons other than Cause, or (iii) a termination by Participant for Good Reason.

“Vesting Date” means the date on which the Performance Period ends as set forth in Schedule A to this Agreement.

2.    Performance Unit Award.  On the terms and conditions and subject to the restrictions, including forfeiture, hereinafter set forth, the Company hereby grants to Participant, and Participant hereby accepts, an award of _______ Restricted Incentive 

Units (the “Subject Award”).  The Restricted Incentive Units granted hereunder shall be evidenced by the Committee in a book entry or in such other manner as the Committee may determine.

3.    Vesting/Forfeiture.  

(a)    The Restricted Incentive Units that comprise the Subject Award shall be subject to a Performance Period that shall terminate on the Vesting Date based on the attainment and certification of the Performance Goal as described Schedule A; provided that Participant is in the continuous service of the Company or its Affiliates until such Vesting Date.  

(b)    The Restricted Incentive Units shall be forfeited to the Company at no cost to the Company if Participant’s employment or service with the Company or its Affiliates terminates prior to the termination of the Performance Period applicable to such Restricted Incentive Units; provided, however:

(i)    if a Qualifying Termination occurs during the Performance Period and prior to the occurrence of a Change of Control that occurs following the date hereof, a Prorated Amount of the Restricted Incentive Units shall remain eligible for vesting on the Vesting Date, based on the attainment and certification of the Performance Goal as described Schedule A;

(ii)    if a Change of Control occurs following the date hereof, the Restricted Incentive Units shall become fully vested at the Target amount and the Performance Period shall terminate; or

(iii)    if, during the Performance Period, the Participant dies or he or she becomes disabled and qualified to receive benefits under the Company’s long-term disability plan, the Restricted Incentive Units shall become fully vested at the Target amount and the Performance Period shall terminate. 

Notwithstanding the foregoing, to the extent the Subject Award is subject to Section 409A, in no event shall any Units be delivered when Participant becomes disabled and qualified to receive benefits under the Company’s long-term disability plan unless Participant incurs a “disability” within the meaning of Treas. Reg. Section 1.409A-3(i)(4).

Notwithstanding anything herein to the contrary, if, at the time of a Participant’s termination of employment or service with the Company or its Affiliates, such Participant is a “specified employee” (as defined in Section 409A of the Code), and the deferral of the commencement of any amount of the payments or benefits otherwise payable pursuant to the Plan is necessary in order to prevent any accelerated or additional tax under Section 409A of the Code, then, to the extent permitted by Section 409A of the Code, such payments or benefits hereunder (without any reduction in the payments or benefits ultimately paid or provided to the Participant) will be deferred until the earlier to occur of (i) the Participant’s death or (ii) the first business day that is six (6) months following the Participant’s termination of employment or service with the Company or its Affiliates, provided that amounts which qualify for the separation pay plan exemption under Treasury Regulation §1.409A-1(b)(9)(v)(D) and do not exceed the limits set forth in Section 402(g)(1)(B) of the Code in the year of such termination shall be payable immediately upon termination.  Any payments or benefits deferred due to the requirements of this paragraph will be paid in a lump sum (without interest) to the Participant on the earliest to occur of (i) or (ii) in the immediately preceding sentence.

(c)    As soon as reasonably practicable following the close of the Performance Period, the Committee shall determine and certify the extent to which (i) the Performance Goal as described on Schedule A is attained and (ii) the Restricted Incentive Units granted hereunder shall be vested, if at all.  Such certification shall be final, conclusive and binding on Participant, and on all other persons, to the maximum extent permitted by law.  As soon as reasonably practicable thereafter, Units representing the number of vested Restricted Incentive Units, if any, shall be delivered, free of all such restrictions, to Participant or Participant’s beneficiary or estate, as the case may be, it being understood that the entry on the transfer agent’s books or the delivery of the certificate(s) with respect to such Units shall constitute delivery of such Units for purposes of this Agreement.  Notwithstanding anything contained herein to the contrary, in no event shall such Units be delivered to Participant later than (i) the end of the calendar year in which vesting occurs, or, if later, (ii) the 15th day of the third calendar month following the date on which vesting occurs.

(d)    Notwithstanding anything contained herein to the contrary, in no event shall Participant have any right to vote any, or to exercise any other rights, powers and privileges of a holder of the Units with respect to such Restricted Incentive Units until such time that (i) the Performance Period applicable to such Restricted Incentive Units or a portion thereof shall have expired (and all other conditions to payment with respect thereto have been fulfilled), (ii) such Restricted Incentive Units are converted into the right to receive Units, and (iii) such Units are delivered to Participant.

4.    Distribution Equivalent Payment Rights.  Subject to the following, the Subject Award granted hereunder includes a tandem award of Distribution Equivalent Rights with respect to each applicable Restricted Incentive Unit that shall entitle Participant to 

receive cash payments equal to the cash distributions made by the Partnership (on a per Unit basis) in respect of its outstanding Units generally (“General Distributions”); provided that such cash payments (“Distribution Equivalent Payments”) shall be credited to a bookkeeping account established on the records of the Partnership for Participant and will vest and be paid to or on behalf of Participant at the same time, and subject to the same conditions, as are applicable to the vesting of the underlying Restricted Incentive Units.  Accordingly, Distribution Equivalent Payments shall be forfeited to the extent that the underlying Restricted Incentive Units do not vest, are forfeited or are otherwise cancelled.  No interest shall be credited on any Distribution Equivalent Payments.  

5.    Taxes.

(a)    REPRESENTATION. PARTICIPANT REPRESENTS THAT PARTICIPANT IS NOT RELYING ON THE COMPANY OR ITS AFFILIATES FOR ANY TAX ADVICE IN CONNECTION WITH THE RESTRICTED INCENTIVE UNITS AND THAT PARTICIPANT HAS BEEN, OR IS OTHERWISE HEREBY, ADVISED TO CONSULT WITH ITS OWN TAX ADVISOR WITH RESPECT TO THE AWARD OF RESTRICTED INCENTIVE UNITS UNDER THIS AGREEMENT.    

(b)    Withholding Matters. 

(i)    Participant shall pay to the Company or its Affiliates, or make arrangements satisfactory to the Company or its Affiliates regarding payment of, any federal, state or local taxes of any kind required by law to be withheld with respect to (x) Distribution Equivalent Payments described in Section 4 of this Agreement that are received due to the grant of the Restricted Incentive Units hereunder, and (y) the vesting of the Restricted Incentive Units (in which case arrangements will be made no later than the time Units are delivered, if at all, pursuant to Section 3(c) herein).

(ii)    Participant shall, to the extent permitted by law, have the right to deliver to the Company or its Affiliates Units to which Participant shall be entitled upon the vesting of the Restricted Incentive Units (or other unrestricted Units owned by Participant) or to deliver to the Company or its Affiliates Units that Participant has previously acquired, in each case valued at the Fair Market Value of such Units at the time of such delivery to the Company or its Affiliates, to satisfy the obligation of Participant under Section 5(b)(i) of this Agreement; provided, however, that, in no event shall the Fair Market Value of such Units exceed the minimum statutory withholding requirements.

(iii)    Any provision of this Agreement to the contrary notwithstanding, if Participant does not otherwise satisfy the obligation of Participant under Section 5(b)(i) of this Agreement, then the Company and its Affiliates shall, to the extent permitted by law, have the right to deduct from any payments of any kind otherwise due from the Company or its Affiliates to or with respect to Participant, whether or not pursuant to this Agreement or the Plan and regardless of the form of payment, any federal, state or local taxes of any kind required by law to be withheld with respect to any Distribution Equivalent Payments or Restricted Incentive Units hereunder.
 
6.    Non-Assignability.  The Subject Award is not assignable or transferable by Participant, and, unless and until Units with respect to Restricted Incentive Units are delivered to Participant upon vesting, such Restricted Incentive Units shall not be assigned, alienated, pledged, attached sold or otherwise transferred or encumbered by Participant in any manner.

7.    Legend.  In the event any Units are delivered to Participant in connection with the vesting of any of the Restricted Incentive Units granted hereunder, the Committee, in its discretion, may cause the certificate(s) representing such Units to bear an appropriate legend referring to any conditions and/or restrictions with respect to such Units.

8.    Entirety and Modification.  This Agreement contains the entire agreement between the parties hereto with respect to the subject matter hereof and supersedes any and all prior agreements, whether written or oral, between such parties relating to such subject matter.  Subject to Section 7(b) of the Plan, no modification, alteration, amendment or supplement to this Agreement shall be valid or effective unless the same is in writing and signed by the party against whom it is sought to be enforced.

9.    Severability.  If any provision of this Agreement is held to be unenforceable, this Agreement shall be considered divisible, and such provision shall be deemed inoperative to the extent it is unenforceable, and in all other respects this Agreement shall remain in full force and effect; provided, however, that if any such provision may be made enforceable by limitation thereof, then such provision shall be deemed to be so limited and shall be enforceable to the maximum extent permitted by applicable law.

10.    Gender.  Words used in this Agreement which refer to Participant and denote the male gender shall also be deemed to include the female gender or the neuter gender when appropriate.

11.    Employment or Service.  Nothing in this Agreement shall confer upon Participant any right to continue in the employ or service of the Company or its Affiliates, nor shall this Agreement interfere in any manner with the right of the Company or its Affiliates to terminate the employment or service of Participant with or without Cause at any time.

12    Incorporation of Plan Provisions.  This Agreement is made pursuant to the Plan and is subject to all of the terms and provisions of the Plan as if the same were fully set forth herein.  In the event that any provision of this Agreement conflicts with the Plan, the provisions of the Plan shall control.  Participant acknowledges receipt of a copy of the Plan and agrees that all decisions under and interpretations of the Plan by the Committee shall be final, binding and conclusive upon Participant.

13.    Headings.  The headings of the various sections and subsections of this Agreement have been inserted for convenient reference only and shall not be construed to enlarge, diminish or otherwise change the express provisions hereof.

14.    Governing Law.  This Agreement shall be governed by and construed in accordance with the laws of the state of Delaware (regardless of the laws that might otherwise govern under applicable Delaware principles of conflicts of law).

15.    Counterparts.  This Agreement may be signed in counterparts, each of which shall be deemed an original and all of which shall constitute one and the same agreement.

IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the Grant Date.

ENLINK MIDSTREAM GP, LLC

  __________________________________________
Barry E. Davis
President and Chief Executive Officer

PARTICIPANT:

Name:                           

You must accept this grant and the terms of this Agreement in order to receive it.  To accept this grant, complete the Grant Acceptance Process at the website of UBS: (www.ubs.com/onesource/ENLK)
    
    

SCHEDULE A
PERFORMANCE GOAL, PERFORMANCE PERIOD, AND PAYOUT AMOUNTS

1.    Performance Period.  The maximum number of Restricted Incentive Units, which can vest pursuant to the Subject Award shall be calculated based on the Performance Goal over a period (the “Performance Period”) that begins on _______ and ends on _______ (the “Vesting Date”). 

2.    Performance Goal.  The Performance Goal is based on total shareholder return (“TSR”), which shall be the rate of return a holder of a common equity security of a company would receive through common equity security price changes and the assumed reinvestment of dividends / distributions over the Performance Period.  Vesting will be based on the ranking of the average of the TSR of the Partnership and the TSR of EnLink Midstream, LLC (the “LLC” and, together with the Partnership, “EnLink”) relative to the TSR ranking of the Peer Companies (identified in Sections 3(b) and (c) below).  At the end of the Performance Period, the TSR for the Partnership, for the LLC and for each Peer Company, shall be determined pursuant to the following formula: 

	
			
	TSR
	=
	(Closing Average Value - Opening Average Value) + Reinvested Dividends / Opening Average Value*

*The result shall be rounded to the nearest hundredth of one percent (.01%). 

(a)    The term “Closing Average Value” means the average value of the common equity security on the relevant United States stock market (NYSE or NASDAQ) for the 30 trading days ending on the last day of the Performance Period, which shall be calculated as follows: (i) determine the closing price of the common equity security on each trading date during 30-day period and (ii) average the amounts so determined for the 30-day period. 

(b)    The term “Opening Average Value” means the average value of the common equity security on the relevant United States stock market (NYSE or NASDAQ) for the 30 trading days preceding the start of the Performance Period, which shall be calculated as follows: (i) determine the closing price of the common equity security on each trading date during the 30-day period and (ii) average the amounts so determined for the 30-day period. 

(c)    “Reinvested Dividends” shall be calculated by multiplying (i) the aggregate number of common equity securities (including fractional units thereof) that could have been purchased during the Performance Period had each cash dividend or distribution paid on a single common equity security during that period been immediately reinvested in additional common equity securities (or fractional units thereof) at the closing selling price per common equity security on the applicable dividend or distribution payment date by (ii) the average daily closing price per common equity security on the relevant United States stock market (NYSE or NASDAQ) calculated for the duration of the Performance Period following the dividend or distribution payment date. 

(d)    Each of the foregoing amounts shall be equitably adjusted for stock / unit splits, stock dividends or unit distributions, recapitalizations and other similar events affecting the common equity securities in question without the issuer’s receipt of consideration.  

3.    Vesting Schedule.  The Restricted Incentive Units shall vest pursuant to the Agreement based on EnLink’s relative TSR ranking in respect of the Performance Period as compared to the TSR ranking of the Peer Companies, in accordance with the following schedule:

	
			
	Performance Level
	EnLink’s Achieved TSR Percentile 
Position Relative to AMZ Peers*
	Associated Individual Payout Level
(expressed as a percentage
of the Subject Award)

	Below Threshold
	Less than 25%
	0%

	Threshold
	Equal to 25%
	50%

	Target
	Equal to 50%
	100%

	Maximum
	Greater than or Equal to 75%
	200%

* If EnLink’s achieved TSR percentile position is between the Threshold and Target performance levels or if EnLink’s achieved TSR percentile position is between the Target and Maximum performance levels (and EnLink’s TSR is positive for the Performance Period), then the associated individual payout level will be interpolated on a linear basis.  

(a)    If EnLink’s final TSR value is equal to the TSR value of a Peer Company, the Committee shall assign EnLink the higher ranking. 

(b)    The Peer Companies are the companies that comprise the Alerian MLP Index for Master Limited Partnerships (AMZ) as of the Grant Date, which are set forth on Schedule B to this Agreement, it being understood that in no event shall the Peer Companies include the LLC or the Partnership.  

(c)    The Peer Companies will be subject to change as follows: 

(i)    In the event of a merger, acquisition or business combination transaction of a Peer Company, in which the Peer Company is the surviving entity and remains publicly traded, the surviving entity shall remain a Peer Company.  Any entity involved in the transaction that is not the surviving company shall no longer be a Peer Company. 

(ii)    If a Peer Company ceases to be a publicly traded company at any time during the Performance Period, due to bankruptcy, delisting or any other reason other than those set forth in clause (i) above, such company shall remain a Peer Company but shall be deemed to have a TSR of negative 100% (-100%). 

4.    General Vesting Terms.  Any fractional Restricted Incentive Units resulting from the vesting of the Restricted Incentive Units in accordance with the Agreement shall be rounded down to the nearest whole number.  Any portion of the Restricted Incentive Units that does not vest as of the end of the Performance Period shall be forfeited as of the end of the Performance Period.

SCHEDULE B
PEER COMPANIES

[to be completed at time of grant]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00257-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00257-of-00352.parquet"}]]