Document:

am_EX10_1

		
			Exhibit 10.1
		

		
			 
		

		
			GLOBAL AMENDMENT TO
		

		
			GRANT NOTICES AND AWARD AGREEMENTS
		

		
			UNDER THE Antero Midstream Partners LP
		

		
			Long-Term Incentive Plan
		

		
			 
		

		
			This Global Amendment to Grant Notices and Award Agreements under the Antero Midstream Partners LP Long-Term Incentive Plan is hereby adopted by Antero Resources Midstream Management LLC, a Delaware limited liability company (the “General Partner”),  effective as of October 24, 2016 (the “Effective Date”).  Capitalized terms used but not defined herein shall have the meanings assigned to such terms in the Antero Midstream Partners LP Long-Term Incentive Plan (the “LTIP”).
		

		
			WHEREAS,  the General Partner has previously granted Phantom Units under the LTIP to Participants pursuant to the terms and conditions of Phantom Unit Grant Notices and Phantom Unit Agreements between the General Partner and such Participants (collectively, the “Outstanding Award Agreements”); 
		

		
			WHEREAS, pursuant to the LTIP and the Outstanding Award Agreements, the terms and conditions of the Outstanding Award Agreements may be amended without the consent of any Participant, provided that such amendment does not materially reduce the rights of any Participant who holds an Award subject to such amendment; and
		

		
			WHEREAS,  the General Partner desires to amend each Outstanding Award Agreement to provide for accelerated vesting under certain circumstances as set forth herein.
		

		
			NOW, THEREFORE, in consideration of the foregoing, effective as of the Effective Date, the Outstanding Award Agreements are hereby amended as follows:
		

			
	
			
				 1.
			Notwithstanding anything to the contrary in any Outstanding Award Agreement:

			
	
			
				 (a)
			With respect to each Award expressly described on Schedule A hereto, such Award shall immediately become fully vested upon the consummation of a Change in Control so long as the Participant holding such Award remains continuously employed by Antero Resources Corporation, a Delaware corporation (“AR”), or one of its Affiliates through the date on which such Change in Control is consummated.

			
	
			
				 (b)
			With respect to each Award that is not expressly described on Schedule A hereto, such Award shall immediately become fully vested if (i)  the employment of the Participant holding such Award is terminated by AR or any of its Affiliates other than for Cause within the 12-month period following the consummation of a Change in Control or (ii) in the case of a transaction described in clause (ii) of the definition of Change in Control below,  the Participant holding such Award does not receive an offer of employment from the acquirer in such transaction that (1) provides a base salary or base wage rate at least equal to the base salary or base wage rate provided to such Participant by AR or one of its Affiliates immediately prior to the consummation of such Change in Control; and (2) is at a principal place of employment that is no more than 25 miles from the location of such Participant’s principal place of employment immediately prior to the consummation of such Change in Control.

		
			
		

		
			

		 

		

			 

		

 

		

			
	
			
				 2.
			Definitions.  As used herein, the following terms shall have the meanings set forth below:

			
	
			
				 (a)
			“Cause” shall mean a finding by the Committee, before or after the termination of a Participant’s employment, of the Participant’s: (i) final conviction of, or plea of nolo contendere to, a crime that constitutes a felony (or state law equivalent); (ii) gross negligence or willful misconduct in the performance of the Participant’s duties that would reasonably be expected to have a material adverse economic effect on the Partnership, the General Partner, AR or any of their respective Affiliates; (iii) willful failure without proper legal reason to perform the Participant’s duties; or (iv) a material breach of any material provision of any Award Agreement or any other written agreement or corporate policy or code of conduct established by the Partnership, the General Partner, AR or any of their respective Affiliates that would reasonably be expected to have a material adverse economic effect on the Partnership, the General Partner, AR or any of their respective Affiliates.

			
	
			
				 (b)
			“Change in Control” shall mean the occurrence of any of the following events: (i) any Person or group, other than the Partnership, the General Partner, Antero Resources Investment LLC, AR or any of their respective Affiliates (as determined immediately prior to such event), becomes the beneficial owner, by way of merger, acquisition, consolidation, recapitalization, reorganization, or otherwise, of 50% or more of the voting power of the equity interests in the General Partner; (ii) the sale or disposition by either the General Partner or the Partnership of all or substantially all of its assets in one or more transactions to any Person other than an Affiliate of the General Partner or the Partnership; (iii) approval by the General Partner of a complete liquidation or dissolution of the Partnership; (iv) a transaction resulting in a Person other than the General Partner, the Partnership, Antero Resources Investment LLC, AR or one of their respective Affiliates being the general partner of the Partnership; or (v) a “Change in Control” as defined in the Antero Resources Corporation Long-Term Incentive Plan, as such plan may be amended, restated or otherwise modified from time to time.  Notwithstanding the foregoing, if a Change in Control constitutes a payment event with respect to any Award that provides for the deferral of compensation and is subject to Section 409A, then the transaction of event described in clause (i), (ii), (iii), (iv), or (v) above with respect to such Award must also constitute a “change in control event,” as defined in Treasury Regulation Section 1.409A-3(i)(5), and as relates to the holder of such Award, to the extent required to comply with Section 409A.

			
	
			
				 3.
			Except as expressly amended hereby,  the Outstanding Award Agreements shall remain in full force and effect and are specifically ratified and reaffirmed.

		
			[Remainder of Page Intentionally Blank]
		

		
			 
		

		
			 
		

		
			 
		

		
			

		 

		

			2

		

 

		

			 

		

		

		
			Schedule A
		

		
			 
		

			
	
			
				 ·
			

			
	
			
			All outstanding Awards granted to senior vice presidents of AR

			
	
			
				 ·
			

			
	
			
			All outstanding Awards granted to named executive officers of AR as set forth in the AR Definitive Proxy Statement on Schedule 14A, filed on April 27, 2016

			
	
			
				 ·
			

			
	
			
			All outstanding Awards granted to employees who are age 65 or older as of the date of a Change in Control

		
			 
		

		 

		

			SCHEDULE A TO

		

		

			GLOBAL AMENDMENT TO

		

		

			GRANT NOTICES AND AWARD AGREEMENTS 

		

		

			UNDER THE ANTERO MIDSTREAM PARTNERS LP 

		

		

			LONG-TERM INCENTIVE PLANam_EX10_3

		
			Exhibit 10.3
		

		
			 
		

		
			Execution Version
		

		
			 
		

		
			JOINDER AGREEMENT
		

		
			 
		

		
			JOINDER AGREEMENT, dated as of October 4, 2016, made by Antero Midstream Partners LP (the “Borrower”), Antero Midstream Finance Corporation, a Delaware corporation, (the “Additional Grantor”), in favor of Wells Fargo Bank, National Association, as Administrative Agent (in such capacity, the “Administrative Agent”) for the Secured Parties as defined in the Credit Agreement referred to below.  All capitalized terms not defined herein shall have the meaning ascribed to them in such Credit Agreement.
		

		
			 
		

		
			W I T N E S S E T H:
		

		
			 
		

		
			WHEREAS, the Borrower, the financial institutions from time to time party thereto (the “Lenders”), and the Administrative Agent, have entered into a Credit Agreement, dated as of November 10, 2014 (as amended by that certain First Amendment and Joinder Agreement dated as of the date hereof and as further amended, supplemented or otherwise modified from time to time, the “Credit Agreement”);
		

		
			 
		

		
			WHEREAS, in connection with the Credit Agreement, the Borrower and certain of the Borrower’s Subsidiaries have entered into the Guaranty and Collateral Agreement, dated as of November 10, 2014 (as amended, supplemented or otherwise modified from time to time, the “Guaranty and Collateral Agreement”) in favor of the Administrative Agent for the benefit of the Secured Parties;
		

		
			 
		

		
			WHEREAS, the Credit Agreement requires the Additional Grantor to become a party to the Guaranty and Collateral Agreement; and
		

		
			 
		

		
			WHEREAS, the Additional Grantor has agreed to execute and deliver this Joinder Agreement in order to become a party to the Guaranty and Collateral Agreement;
		

		
			 
		

		
			NOW, THEREFORE, IT IS AGREED:
		

		
			 
		

		
			1.         Guaranty and Collateral Agreement.  By executing and delivering this Joinder Agreement, the Additional Grantor, as provided in Section 10.14 of the Guaranty and Collateral Agreement, hereby becomes a party to the Guaranty and Collateral Agreement as a Grantor (and therefore a Guarantor) thereunder with the same force and effect as if originally named therein as a Grantor and, without limiting the generality of the foregoing, hereby (a) gives the Guaranty provided for therein, (b) expressly assumes all obligations and liabilities of a Grantor and Guarantor thereunder and (c) expressly grants to the Administrative Agent, as and to the extent set forth in the Guaranty and Collateral Agreement, for the ratable benefit of the Secured Parties, a security interest in all Collateral owned by the Additional Grantor to secure all of the Obligations.  The information set forth in Annex 1-A hereto is hereby added to the information set forth in Schedules 1 through 9 to the Guaranty and Collateral Agreement.  Each of the Borrower and the Additional Grantor hereby represents and warrants that each of the representations and warranties contained in Article V of the Guaranty and Collateral Agreement is true and correct in all material respects (except that any such representations and warranties that are qualified by materiality shall be true and correct in all respects) on and as the date hereof (after giving effect to this Joinder Agreement) as if made on and as of such date.
		

		
			
		

		
			

		 

 

		

		
			2.         Governing Law.  THIS JOINDER AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.
		

		
			 
		

		
			3.         Miscellaneous.  This Joinder Agreement is a Loan Document executed in connection with the Credit Agreement.  Delivery of an executed counterpart of a signature page of this Joinder Agreement by facsimile or other electronic transmission shall be effective as delivery of a manually executed counterpart of this Joinder Agreement.
		

		
			 
		

		
			[Signature Page Follows] 
		

		
			 
		

		
			 
		

		
			

		 

 

		

		
			 
		

		
			IN WITNESS WHEREOF, each of the undersigned has caused this Joinder Agreement to be duly executed and delivered as of the date first above written.
		

		
			 
		

			
					
						A

					
					
						 

					
					
						 

				
	
					
						 

					
					
						ANTERO MIDSTREAM PARTNERS LP, as Borrower

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						By: Antero Resources Midstream Management LLC, its General Partner

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Alvyn A. Schopp

				
	
					
						 

					
					
						Name:

					
					
						Alvyn A. Schopp

				
	
					
						 

					
					
						Title:

					
					
						Chief Administrative Officer, Regional Senior Vice President and Treasurer

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						ANTERO MIDSTREAM FINANCE CORPORATION, as Additional Grantor

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Alvyn A. Schopp

				
	
					
						 

					
					
						Name:

					
					
						Alvyn A. Schopp

				
	
					
						 

					
					
						Title:

					
					
						Chief Administrative Officer, Regional Senior Vice President and Treasurer

				

		
			 
		

		
			
		

		
			

		 

		

			[Signature Page to Joinder Agreement – Antero Midstream Finance]

		

 

		

		
			Annex 1-A
		

		
			 
		

		
			The following information is to be added to Schedules 1 through 9 to the Guaranty and Collateral Agreement as indicated below: 
		

		
			 
		

		
			Schedule 1: Notice Addresses
		

		
			 
		

			
					
						Grantor

					
					
						Address

				
	
					
						Antero Midstream Finance Corporation

					
					
						1615 Wynkoop Street, Denver, Colorado 80202

				

		
			 
		

		
			Schedule 2: Description of Pledged Securities
		

		
			 
		

			
					
						Issuer

					
					
						Holder

					
					
						Percent of

					
						Ownership

					
					
						Certificate No.

					
					
						Number of

					
						Shares

				
	
					
						Antero Midstream Finance Corporation

					
					
						Antero Midstream Partners LP

					
					
						100%

					
					
						1

					
					
						1,000

				

		
			 
		

		
			Schedule 3: Filings and Other Required Actions to Perfect Security Interest
		

		
			 
		

			
					
						Grantor

					
					
						State ID#

					
					
						Jurisdiction of

					
						Organization

					
					
						Filing Type

					
					
						Filing

					
						Jurisdiction

				
	
					
						Antero Midstream Finance Corporation

					
					
						6133845

					
					
						Delaware

					
					
						UCC-1

					
					
						Delaware

				

		
			 
		

		
			Schedule 4: Legal Name, Location of Jurisdiction or Organization, Organizational Identification Number, Taxpayer Identification Number and Chief Executive Office 
		

		
			 
		

			
					
						Grantor

					
					
						State ID#

					
					
						Taxpayer ID#

					
					
						Jurisdiction of

					
						Organization

					
					
						Location of

					
						Chief

					
						Executive

					
						Office

				
	
					
						Antero Midstream Finance Corporation

					
					
						6133845

					
					
						81-3742749

					
					
						Delaware

					
					
						1615 Wynkoop
Street, Denver,
Colorado 80202

				

		
			 
		

		
			
		

		
			

		 

 

		

		
			Schedule 5: Prior Names and Prior Chief Executive Offices
		

		
			 
		

		
			No additions. 
		

		
			 
		

		
			Schedule 6: Patents, Patent Applications and Patent Licenses
		

		
			 
		

		
			No additions. 
		

		
			 
		

		
			Schedule 7: Trademarks, Trademark Applications and Trademark Licenses
		

		
			 
		

		
			No additions. 
		

		
			 
		

		
			Schedule 8: Copyrights and Copyright Licenses
		

		
			 
		

		
			No additions. 
		

		
			 
		

		
			Schedule 9: Deposit Accounts and Security Accounts. 
		

		
			 
		

			
					
						Grantor

					
					
						Type of Account

					
					
						Account

					
						Number

					
					
						Name &

					
						Address of

					
						Financial

					
						Institutions

					
					
						Excluded

					
						Bank

					
						Account? 

				
	
					
						Antero Midstream Finance Corporation

					
					
						No accounts currently set up.

					
					
						N/A

					
					
						N/A

					
					
						N/A

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