Document:

Form of Option Grant Agreement under Long-Time Incentive Plan

 Exhibit 10.15 
 ATLAS RESOURCE PARTNERS, L.P. 
 2012 LONG-TERM INCENTIVE PLAN

 OPTION GRANT AGREEMENT 
 THIS AGREEMENT, made as of this      day of
                             , 2012 (the “Grant Date”) by and between
                                , (“Participant”) and ATLAS RESOURCE
PARTNERS, L.P. (together with its successors and assigns hereinafter referred to as, the “Partnership”). 

WHEREAS, the Partnership’s 2012 Long-Term Incentive Plan (the “Plan”) provides for the granting of Options by the
Committee to Employees of Atlas Resource Partners GP, LLC, the Partnership or one of their Affiliates (collectively, “Atlas”), in accordance with the terms and provisions thereof; and 

WHEREAS, the Committee has determined that it would be in the best interest of the Partnership to grant the Options described
herein on the terms and conditions hereinafter set forth; and 
 WHEREAS, capitalized terms used herein and not otherwise
defined herein shall have the respective meanings ascribed thereto in the Plan. 
 NOW, THEREFORE, the parties hereto,
intending to be legally bound hereby, agree as follows: 
 1.      Grant of Option.

 Subject to the terms and conditions hereinafter set forth, the Partnership, with the approval and at the direction of the
Committee, hereby grants to the Participant, an Option to purchase up to                  units of limited partner interest of the Partnership (the
“Units”), at an exercise price of $            per Unit. Such option is hereinafter referred to as the “Option” and the Units purchasable upon exercise of the
Option are hereinafter sometimes referred to as the “Option Units.” The Option is not intended to be an Incentive Stock Option. 
 2.      Installment Exercise. 

Subject to such further limitations as are provided herein, the Option shall become exercisable in
[            ] installments, the Participant having the right hereunder to purchase from the Partnership the following number of Option Units upon exercise of the Option, on and
after the following dates, in cumulative fashion, if the Participant continues to be employed by, or provide service to Atlas through the applicable date: 
 (a)      [on and after the first anniversary of the Grant Date, up to             % (ignoring fractional
Units) of the total number of Option Units; 

 (b)      on and after the second anniversary of the Grant
Date, up to an additional         % (ignoring fractional Units) of the total number of Option Units; 
 (c)      on and after the third anniversary of the Grant Date, up to an additional         % (ignoring fractional Shares) of
the total number of Option Shares; and 
 (d)      on and after the fourth anniversary of the
Grant Date, the remaining Option Shares.] 
 3.      Termination of Option.

 (a)      The Option and all rights hereunder with respect thereto, to the extent such rights
shall not have been exercised or terminated earlier in accordance with the terms of this Agreement, shall terminate and become null and void after the expiration of ten (10) years from the Grant Date (the “Option Term”). 

(b)      Upon the Participant’s termination of employment by Atlas (“Termination of
Employment”) or termination of service to Atlas (“Termination of Service”) by reason of Disability, the portion of the Option that was outstanding and exercisable as of such Termination of Employment may be exercised by the
Participant during the six (6)-month period following the date of Termination of Employment by reason of Disability, but not later than the end of the Option Term. 
 (c)      Upon the Participant’s Termination of Employment or Termination of Service by reason of death, any unvested portion of the Option shall immediately vest in full
and become exercisable by the Participant’s legal representative for the one (1) year period following the date of Termination of Employment or Termination of Service, but not later than the end of the Option Term. 

(d)      Upon the Participant’s Termination of Employment or Termination of Service for Cause, any
unexercised portion of the Option shall immediately terminate and become null and void. 

(e)      Upon the Participant’s Termination of Employment or Termination of Service other than as
provided for in Sections 3(b), (c) and (d) above, the portion of the Option that was outstanding and exercisable as of such Termination of Employment or Termination of Service may only be exercised during the ninety (90) day period
following such Termination of Employment or Termination of Service, but not later than the end of the Option Term. 

(f)      A transfer of the Participant’s employment between the Partnership and any Subsidiary or
Affiliate, or between any Subsidiaries or Affiliates, shall not be deemed to be a Termination of the Employment. 

  
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 4.        Exercise of Option. 

 (a)      The Participant may exercise the Option with respect to all or any part of the Option
Units granted hereunder by giving the Partnership or its delegate notice of intent to exercise, according to procedures established by the Partnership. The notice of exercise shall specify the number of Option Units as to which the Option is to be
exercised, the exercise date and other information required by the Partnership or its delegate. 

(b)      Full payment (in U.S. dollars) by the Participant of the exercise price for the Option Units
purchased, and the applicable tax withholding amount, to the extent required, shall be made on or before the exercise date in cash, or, as and to the extent permitted by the Committee, the exercise price may be paid by any of the other methods
allowed under Section 6(a) of the Plan. 
 (c)      As soon as is practicable after the
exercise date, the Partnership shall cause to be delivered to the Participant the Option Units then being purchased (out of theretofore unissued Units or reacquired Units, as the Partnership may elect) upon full payment for such Option Units. The
obligation of the Partnership to deliver Units shall, however, be subject to the conditions set forth in the Plan (including, without limitation, under Section 6(d) thereof). 

(d)      If the Participant fails to pay for any of the Option Units exercised or fails to accept delivery
thereof, the Participant’s right to purchase such Option Units may be terminated by the Partnership. 

(e)      Any exercise of the Option may be subject to applicable federal (including FICA), state and local
tax withholding, in accordance with Section 8(b) of the Plan. Unless the Committee determines otherwise, the Participant or other person exercising the Option may be required to pay to Atlas the amount of any taxes that Atlas is required to
withhold with respect to exercise of the Option. Atlas may also deduct from any compensation or other amounts owing to the Participant, including by payroll deduction or withholding of Option Units, the amount of any applicable taxes with respect to
the Option. If the Committee determines that Option Units may be used to satisfy tax withholding, such Option Units shall be valued based on their Fair Market Value at the time the tax withholding is required to be made; provided, however,
that not more than the legally required minimum tax withholding amount may be settled by Option Unit withholding. If the Participant fails to pay any required tax withholding amount in the manner specified by Atlas when the Option is exercised,
after receiving written notice from Atlas, Atlas is authorized to cancel the Option, in which case the Option shall be forfeited and shall not be exercisable. 
 5.        Change in Control. 

The provisions of the Plan applicable to a Change in Control shall apply to the Options, and, in the event of a Change in Control, the
Committee may take such actions as it deems appropriate pursuant to the Plan. 

  
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 6.        Restrictive Covenants.

 If the Participant is subject to an existing or future employment or services agreement with Atlas (an “Agreement”)
which addresses the subject matter of Section 6, then such Agreement shall supersede this Section 6. If the Participant is not subject to an Agreement, then as a condition of this grant, the Participant agrees as follows: 

(a)      The Participant agrees, at all times, to hold in strict confidence all Confidential Information
(as defined below) and never, during the course of the Participant’s employment with, or provision of services to, Atlas or thereafter, to make any use of such information except as (and then, only to the extent) required to perform the
Participant’s employment duties. The restrictions of this paragraph (a) shall not apply to information or data that the Participant can establish is or has become known to the public generally through no fault of the Participant or has
come into the Participant’s possession lawfully and not through the Participant’s employment. 

(i)      For purposes of this Agreement, “Confidential Information” means all commercially
sensitive information and data, in whatever format, originated by, or on behalf of, or within the knowledge or possession of, Atlas, or any independent contractor performing services on behalf of Atlas. Without limiting the foregoing, Confidential
Information includes, but is not limited to, information that has been designated as proprietary or confidential; information constituting trade secrets; information that, by the nature of the surrounding circumstances, should be treated as
proprietary or confidential; and information or data conceived, discovered or developed in whole or in part by the Participant while employed by, or providing services to, Atlas. 

(ii)     The Participant acknowledges that the Participant’s relationship with Atlas is one of confidence
and trust such that the Participant has in the past been, and may in the future be, privy to Confidential Information of Atlas. 

(b)      The Participant agrees that during the Participant’s employment with, or provision of
services to, Atlas and for a period of 12 months following termination of the Participant’s employment with, or provision of services to, Atlas, regardless of the reason for such termination: 

(i)      The Participant will not, directly or indirectly, solicit, or attempt to solicit, for employment,
with the Participant or with any other person or entity, any employee, consultant, and/or other independent contractor of Atlas, nor will the Participant, directly or indirectly, solicit or induce, or attempt to solicit or induce, any such
individual to leave his or her employment with Atlas or to terminate his or her agreement to provide services to Atlas. 

(ii)     The Participant will not, directly or indirectly, solicit, or attempt to solicit, any lease or other
interest in oil and gas or real property benefitting oil and gas operations for the Participant, or for any other person or entity, from any lessor and/or 

  
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transferor of oil and gas rights (or holder of any right of way) or prospective lessor and/or transferor of such rights of Atlas with which/whom the Participant had contact within the 12 months
prior to the termination of the Participant’s employment with, or provision of services to, Atlas or concerning which the Participant had access to Confidential Information, during and by virtue of the Participant’s employment or service
with Atlas. 
 (c)      The Participant acknowledges and agrees that the restrictions contained in
this Section 6 are reasonable and necessary to protect the legitimate business interests of Atlas and that the Partnership would not have entered into this Agreement in the absence of such restrictions. 

(d)      The Participant acknowledges and agrees that any breach by the Participant of any of the covenants
or agreements contained in this Section 6 will result in irreparable injury to Atlas, for which Atlas may be entitled to any remedy at law or equity, including specific performance of the Participant’s obligations under this
Section 6, as well as injunctive relief without the posting of any bond, such as may be granted by a court with competent jurisdiction. 
 (e)      In addition to the foregoing remedies, the Participant agrees that in the event the Participant breaches any of the covenants or agreements contained in this
Section 6, the Committee may take any of the actions described in Section 14 of this Agreement. 

(f)      If any provision of this Section 6 or the application hereof is determined by any court with
competent jurisdiction to be invalid or unenforceable, the other portions of this Section 6 or the application thereof shall not be affected and shall be given full force and effect without regard to the invalid or unenforceable portions to the
fullest extent possible. If any court of competent jurisdiction determines that any provision of this Section 6 is unenforceable, then the Participant agrees to the reformation of any such covenant or agreement by the court to limits that the
courts finds to be enforceable. 
 (g)      The provisions of this Section 6 shall survive
the termination of this Agreement and termination of the Participant’s employment with, or provision of services to, Atlas. 
 7.        Adjustment of and Changes in Units of the Partnership.  
 In the event that any transaction or event affects the Units such that an adjustment is necessary in order to prevent dilution or enlargement of the benefits or potential benefits intended to be made
available under the Plan, the Committee or the Board shall make such adjustment to the Option as is provided for in Section 4(a) of the Plan. 
 8.        No Rights as Unitholder. 
 Neither the Participant nor any personal representative shall be, or shall have any of the rights and privileges of, a unitholder of the Partnership with respect to any Units purchasable or issuable upon
the exercise of the Option, in whole or in part, prior to the date of exercise of the Option. 

  
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 9.        Non-Transferability of the
Option. 
 During the Participant’s lifetime, the Option shall be exercisable only by the Participant or any
guardian or legal representative of the Participant, and the Option shall not be transferable except, in the case of death of the Participant, by will or the laws of descent and distribution, nor shall the Option be subject to attachment, execution
or other similar process. In the event of (a) any attempt by the Participant to alienate, assign, pledge, hypothecate or otherwise dispose of the Option, except as provided for herein, or (b) the levy of any attachment, execution or
similar process upon the rights or interest hereby conferred, the Partnership may terminate the Option by notice to the Participant and it shall thereupon become null and void. 

10.      No Contract of Employment. 

This Agreement shall not constitute a contract of employment, and shall not confer upon the Participant any right to continued employment
or other service relationship with Atlas, nor shall it interfere with or limit in any way the right of Atlas to terminate the employment or other service relationship of the Participant at any time. 

11.      Amendment of Option. 

The Option may be amended by the Board or the Committee at any time, subject to the provisions of Section 7(b) of the Plan.
Notwithstanding anything herein to the contrary, to the extent that the Participant is subject to an Agreement which is inconsistent herewith, such Agreement shall prevail as long as it does not violate the Plan. 

12.      Notice. 
 Any notice to the Partnership provided for in this instrument shall be addressed to it in care of its Chief Legal Officer at its executive offices at 1845 Walnut Street, 10th Floor, Philadelphia, Pennsylvania 19103 or at such other address as
to which the Partnership shall have notified Participant in writing and any notice to the Participant shall be addressed to the Participant at the current address shown on the payroll records of the Partnership. Any notice shall be deemed to be duly
given if and when properly addressed and posted by registered or certified mail, postage prepaid. 

13.      Incorporation of Plan by Reference. 

The Option is granted pursuant to the terms of the Plan, the terms of which are incorporated herein by reference, and this Agreement
shall in all respects be interpreted in accordance with the Plan. This Agreement is subject to interpretations, regulations and determinations concerning the Plan established from time to time by the Committee in

  
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accordance with the provisions of the Plan, including, but not limited to, provisions pertaining to (i) rights and obligations with respect to withholding taxes, (ii) the registration,
qualification or listing of the Units, (iii) changes in capitalization of the Partnership, and (iv) other requirements of applicable law. The Committee shall interpret and construe the Plan and this Agreement, and its interpretations and
determinations shall be conclusive and binding on the parties hereto and any other person claiming an interest hereunder, with respect to any issue arising hereunder or thereunder, all in accordance with the provisions of the Plan (including
Section 3 thereof). 
 14.      Cancellation and Rescission of Option.

 (a)      Notwithstanding anything in this Agreement to the contrary, the Committee may cancel,
rescind, suspend, withhold or otherwise limit or restrict the exercise of the Option at any time if the Participant (i) is convicted of a felony or a crime of moral turpitude with respect to the Partnership or its Subsidiaries or Affiliates;
(ii) engages in fraud or embezzlement with respect to the Partnership or its Subsidiaries or Affiliates; or (iii) materially breaches the Participant’s obligations under any written non-competition, non-solicitation or confidentiality
agreement entered into between the Participant and Atlas, including any of the covenants and agreements in Section 6 of this Agreement (each, a “Rescission Event”). 

(b)      Upon exercise of an Option, the Committee may require that the Participant certify in a manner
acceptable to the Committee that he or she has not engaged in any conduct that constitutes a Rescission Event. In the event that a Participant engages in conduct that constitutes a Rescission Event before, or during the one-year period after,
any exercise of the Option, such exercise may be rescinded by the Partnership within two years after the Participant engages in such conduct. In the event of any such rescission, the Participant shall pay to the Partnership the amount of any
gain realized or payment received as a result of the rescinded Option, in such manner and on such terms and conditions as may be required by the Committee, and the Partnership shall be entitled to set off against the amount of any such gain any
amounts owed to the Participant by Atlas. 
 15.      Applicable Policies.

 The grant made pursuant to this Agreement shall be subject to any applicable clawback and other policies established by the
Board from time to time. 
 16.      Governing Law. 

This Agreement, and all determinations made and actions taken thereunder, shall be governed by and construed in accordance with the laws
of the State of Delaware, without reference to principles of conflict of laws, except that Section 6 shall be governed by and construed in accordance with the laws of the Commonwealth of Pennsylvania, without reference to principles of conflict
of laws thereof. 
 [SIGNATURES CONTAINED ON FOLLOWING PAGE] 

  
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 IN WITNESS WHEREOF, the Partnership has caused its duly authorized officer to execute
and attest to this Grant of Unit Option and the Participant has placed his or her signature hereon, effective as of the date hereof. 
  

					
	 ATLAS RESOURCE PARTNERS, L.P.
  

By: Atlas Resource Partners GP, LLC, its general partner

			
	By:	 	 	 	
		 	Lisa Washington, Chief Legal Officer

 I hereby accept the Option described in this Agreement, and I agree to be bound by the terms of the Plan and this
Agreement. I hereby agree that all of the decisions and determinations of the Committee or Board with respect to the Option shall be final and binding. 
  

					
	  
	  	  
	 	
	Date	  	, Participant             	 	

  
 8Form of Phantom Unit Grant Agreement for Non-Employee Directors

 Exhibit 10.16 
 ATLAS RESOURCE PARTNERS, L.P. 
 2012 LONG-TERM INCENTIVE PLAN

 PHANTOM UNIT GRANT AGREEMENT 
 NON-EMPLOYEE DIRECTOR 
 THIS PHANTOM UNIT GRANT AGREEMENT
(“Agreement”), dated as of                         , 2012 (“Date of Grant”), is
delivered by Atlas Resource Partners, L.P., a Delaware limited partnership (the “Partnership”), to
                         (the “Participant”). 

RECITALS 

A.        The Atlas Resource Partners, L.P. 2012 Long-Term Incentive Plan (the
“Plan”) provides for the grant of phantom units (“Phantom Units”), which are phantom (notional) rights that represent the right to receive one or more common units of limited partner interest of the Partnership (a
“Unit”) or its then Fair Market Value (as defined in the Plan) in cash, as determined by the Committee (the “Committee”) (as defined in the Plan). The Plan also permits the granting of rights to receive an amount in
cash equal to, and at the same time as, the cash distributions made by the Partnership with respect to a Unit during the period such Phantom Unit is outstanding (“DERs”). 

B.        The Committee has decided to make a Phantom Unit grant, with DERs, subject to the terms
and conditions set forth in this Agreement and the Plan, as an inducement for the Participant to promote the best interests of the Partnership and its equity holders. The Participant may receive a copy of the Plan by contactingmailto: the Chief
Legal Officer. 
 NOW, THEREFORE, the parties hereto, intending to be legally bound, hereby agree as follows: 

1.        Grant of Phantom Units. Subject to the terms and conditions set forth in
this Agreement and the Plan, the Partnership hereby grants to the Participant                          Phantom Units. The
Phantom Units will become vested in accordance with Paragraph 3 below and will be distributed in accordance with Paragraph 4 below. Except as otherwise provided below, prior to the date the Phantom Units are distributed as Units, if any, in
accordance with Paragraph 4 below, the Participant will not be deemed to have any voting rights or cash distribution rights with respect to any Units subject to this grant. For purposes of this Agreement, each Phantom Unit shall be equivalent to one
Unit. 
 2.        Phantom Unit Account. The Partnership shall establish
and maintain a Phantom Unit account, as a bookkeeping account on its records, (the “Phantom Unit Account”) for the Participant and shall record in such Phantom Unit Account the number of Phantom Units granted to the Participant
pursuant to this Agreement. The Participant shall not have any interest in any fund or specific assets of the Partnership by reason of this grant or the Phantom Unit Account established for the Participant. 

 3.      Vesting. 

(a)      Except as otherwise provided in subparagraphs (b) and (c) below, the Participant will
become vested in the Phantom Units awarded pursuant to this Agreement and credited to the Participant’s Phantom Unit Account according to the following vesting schedule, provided the Participant does not cease to be a non-employee member of the
Board of Directors of Atlas Resource Partners GP, LLC (the “Company”) prior to the applicable vesting date (the “Vesting Date”): 
  

			
	Date	  	Percentage of Phantom Units
	 First anniversary of Date of
Grant
	  	25%
	 Second anniversary of Date of
Grant
	  	25%
	 Third anniversary of Date of
Grant
	  	25%
	 Fourth
anniversary of Date of Grant
	  	25%

 The vesting of the Phantom Units shall be cumulative, but shall not exceed 100% of the Phantom Units subject to the
grant. If the foregoing schedule would produce fractional Phantom Units, the number of Phantom Units that vest shall be rounded down to the nearest whole Phantom Unit. 
 (b)      If the Participant terminates as a non-employee member of the Board of Directors (the “Board”) of the Company prior to the Vesting Date for any
portion of the Phantom Units, the Phantom Units credited to the Participant’s Phantom Unit Account that have not vested as of such Vesting Date shall terminate and the corresponding Units shall be forfeited as of the termination date; provided,
however, that if the Participant terminates as a non-employee member of the Board on account of death or Disability (as defined in the Plan), all of the Participant’s unvested Phantom Units shall become vested as of the date of the
Participant’s termination as a non-employee member of the Board on account of death or Disability. 

(c)      If a Change in Control (as defined in Paragraph 6 below) occurs while the Participant is a
non-employee member of the Board, but prior to the Vesting Date for any portion of the Phantom Units, the portion of the Phantom Units credited to the Participant’s Phantom Unit Account that have not vested prior to the consummation of the
Change in Control shall become vested as of the date of the Change in Control. 

4.      Distribution. On
                                 of each calendar year, or the next business day
after                     , if
                     is not a business day, (the “Distribution Date”) all of the Phantom Units credited to the
Participant’s Phantom Unit Account that vested during such calendar year pursuant to Paragraph 3 above shall become converted to, at the Participant’s election prior to the applicable Distribution Date, units to be issued under the Plan or
the cash equivalent value based on the Fair Market Value of such vested Phantom Units on the Distribution Date. The Units or cash, as applicable, shall be distributed to the Participant within ten (10) business days after the Distribution Date.
Notwithstanding the immediately preceding sentence, if a Change 

 
in Control occurs, all of the Phantom Units credited to the Participant’s Phantom Unit Account that have not previously been distributed or forfeited shall be converted and distributed to
the Participant as described in the immediately preceding sentence on the date of the Change in Control. 

5.        DERs. From the Date of Grant through the date the Phantom Units are
converted and distributed pursuant to Paragraph 4 or earlier forfeited, if any cash distributions are made by the Partnership with respect to its Units, a DER will be paid to the Participant equal to the value of the cash payment that would have
been paid if such Phantom Units credited to the Participant’s Phantom Unit Account at the time of the declaration of the cash payment had been Units. The DERs will be paid to the Participant within ten (10) business days after the cash
payments are paid to the holders of Units. 
 6.        Change in Control.
For purposes of this Agreement, the term Change in Control shall have the meaning set forth in the Plan. 

7.        Acknowledgment by Participant. By executing this grant, the Participant
hereby acknowledges that with respect to any right to Phantom Units and DERs pursuant to this Agreement, the Participant is and shall be an unsecured creditor of the Partnership without any preference as against other unsecured general creditors of
the Partnership, and the Participant hereby covenants for himself or herself, and anyone at any time claiming through or under the Participant, not to claim any such preference, and hereby disclaims and waives any such preference that may at any
time be at issue, to the fullest extent permitted by applicable law. 

8.        Restrictions on Issuance or Transfer of Units. 

(a)        The obligation of the Partnership to deliver Units upon distribution of the Phantom
Units shall be subject to the condition that if at any time the Committee shall determine in its discretion that the listing, registration or qualification of the Units upon any securities exchange or under any state or federal law, or the consent
or approval of any governmental regulatory body is necessary or desirable as a condition of, or in connection with, the issuance of the Units, the Units may not be issued in whole or in part unless such listing, registration, qualification, consent
or approval shall have been effected or obtained free of any conditions not acceptable to the Committee. In the event an exemption from registration under the Securities Act of 1933 (the “Securities Act”) is available, the
Participant (or the Participant’s estate or personal representative in the event of the Participant’s death or incapacity), if requested by the Partnership to do so, will execute and deliver to the Partnership in writing an agreement
containing such provisions as the Partnership may require to assure compliance with applicable securities laws. No sale or disposition of Units acquired pursuant to this grant by the Participant shall be made in the absence of an effective
registration statement under the Securities Act with respect to such Units unless an opinion of counsel satisfactory to the Partnership is provided that such sale or disposition will not constitute a violation of the Securities Act or any other
applicable securities laws is first obtained. 

 (b) The Participant understands and agrees that the sale of any Units received by the
Participant pursuant to this grant will be subject to, and must comply with, the Partnership’s Insider Trading Policy. 

(c) As soon as reasonably practicable after the Distribution Date, the Partnership shall deliver to the Participant a certificate or
certificates for the Units then being distributed. 
 9.        Grant Subject to
Plan Provisions. This grant is made pursuant to the Plan, the terms of which are incorporated herein by reference, and in all respects shall be interpreted in accordance with the Plan. In the event of any contradiction, distinction or
difference between this Agreement and the terms of the Plan, the terms of the Plan will control. This grant is subject to the interpretations, regulations and determinations concerning the Plan established from time to time by the Committee in
accordance with the provisions of the Plan, including, but not limited to, provisions pertaining to (i) rights and obligations with respect to withholding taxes, (ii) the registration, qualification or listing of Units, (iii) changes
in capitalization of the Partnership, and (iv) other requirements of applicable law. The Committee shall have the authority to interpret and construe this Agreement pursuant to the terms of the Plan, and its decisions shall be conclusive as to
any questions arising hereunder. By receiving this grant, the Participant hereby agrees to be bound by the terms and conditions of the Plan and this Agreement. The Participant further agrees to be bound by the determinations and decisions of the
Committee with respect to this Agreement and the Plan and the Participant’s rights to benefits under this Agreement and the Plan and agrees that all such determinations and decisions of the Committee shall be binding on the Participant, his or
her beneficiaries and any other person having or claiming an interest under this Agreement and the Plan on behalf of the Participant. 
 10.      Assignment and Transfers. No Phantom Units or DERs awarded to the Participant under this Agreement may be transferred, assigned, pledged or encumbered
by the Participant, and Phantom Units and DERs shall be distributed during the lifetime of the Participant only for the benefit of the Participant; provided, however, that in the event of the Participant’s death, the Units subject to the
Phantom Units or the cash equivalent value of the Units, as applicable, shall be issued (subject to the limitations specified in the Plan and this Agreement) solely to the legal representatives of the Participant, or by the person who acquires the
right to receive the Units subject to the Phantom Units or the cash equivalent value of the Units, as applicable, by will or by the laws of descent and distribution, to the extent that the Phantom Units subject to this grant are otherwise vested
pursuant to this Agreement. Any attempt to transfer, assign, pledge or encumber the Phantom Units or DERs by the Participant shall be null, void and without effect. The rights and protections of the Partnership hereunder shall extend to any
successors or assigns of Partnership. 
 11.      Taxes/Withholding. The vesting of
Restricted Phantom Units, as well as any amounts received upon distribution of Restricted Phantom Units pursuant to Paragraph 4 above, and the payment of cash for any DERs, is treated as taxable income to the Participant, and the Participant (or the
Participant’s legal representative in the event 

 
of the death of the Participant) shall be solely responsible for all tax consequences that result from the vesting and distribution of the Restricted Phantom Units, as well as any subsequent sale
of Units, and the payment of cash with respect to DERs. The Partnership or the Company, as applicable, is authorized, if required by applicable law, to withhold from any payment due or transfer made under this grant or from any compensation or other
amount owing to the Participant, the amount (in cash, Units, other securities, Units that would otherwise be issued pursuant to this grant or other property as determined by the Committee) of any applicable withholding taxes that are due in respect
of this grant, the lapse of restrictions thereon, or any payment or transfer under this grant and to take such other action as may be necessary in the opinion of the Partnership or the Company to satisfy its withholding obligations for the payment
of such taxes. If Units are withheld, the Units withheld may not exceed the minimum applicable tax withholding amount. 

12.      No Rights as Unitholder. The Participant shall not have any rights as a Unitholder
of the Partnership, including the right to any cash distributions (except as provided in Paragraph 5), or the right to vote, with respect to any Phantom Units. 
 13.      Membership on the Managing Board of the Company Not Affected. This grant of Phantom Units and DERs shall not confer upon the Participant any right to
be retained as a non-employee member of the Board. 
 14.      Amendments. The
Partnership may waive any conditions or rights under and amend any terms of this Agreement, provided that no change shall materially reduce the benefit to the Participant without the consent of the Participant, except as necessary to comply with the
requirements of Paragraph 17 below. 
 15.      Governing Law. The validity,
construction, interpretation and effect of this Agreement shall be governed by and construed in accordance with the laws of the State of Delaware, without giving effect to the conflict of laws provisions thereof, and applicable federal law.

 16.      Notice. Any notice to the Partnership provided for in this Agreement
shall be addressed to the Partnership in care of the Chief Legal Officer at the principal office of the Partnership, and any notice to the Participant shall be addressed to such Participant at the current address shown in the records of the Company,
or to such other address as the Participant may designate to the Company in writing. Any notice shall be delivered by hand, sent by telecopy or enclosed in a properly sealed envelope addressed as stated above, registered and deposited, postage
prepaid, in a post office regularly maintained by the United States Postal Service. 

17.      Section 409A of the Internal Revenue Code. This Agreement is intended to comply
with an exemption to section 409A of the Internal Revenue Code. 
 [SIGNATURES APPEAR ON FOLLOWING PAGE]

 IN WITNESS WHEREOF, this Agreement has been duly executed as of the Date of Grant.

  

					
	 ATLAS RESOURCE PARTNERS, L.P.

 

	By:	 	Atlas Resource Partners GP, LLC, its general partner
		
	By:	 	 
		 	 Lisa Washington
 Chief Legal
Officer and Secretary
	 	

 I hereby accept the Phantom Units and DERs described in this Agreement, and I agree to be bound by
the terms of the Plan and this Agreement. I hereby further agree that all of the decisions and interpretations of the Committee with respect to this Agreement and the Plan shall be final and binding. 

 

					
		
	Participant:

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