Document:

EX-10.1

 Exhibit 10.1 

Form of 
  

 
  

FORESIGHT ENERGY LP 

CONTRIBUTION, CONVEYANCE AND ASSUMPTION 

AGREEMENT 
  

 
  

 CONTRIBUTION, CONVEYANCE AND ASSUMPTION AGREEMENT 

This Contribution, Conveyance and Assumption Agreement, dated as of
            , 2014 (this “Agreement”), is entered into by and among Foresight Energy LP, a Delaware limited partnership (the “Partnership”); Foresight
Energy GP LLC, a Delaware limited liability company (“GP”); Foresight Energy LLC, a Delaware limited liability company (“Operating Company”); Foresight Reserves, LP, a Nevada limited partnership
(“Reserves”); and Michael J. Beyer (“Beyer”). The above-named entities and individuals are sometimes referred to individually as a “Party” and collectively as the “Parties.”
Capitalized terms used herein without definition shall have the meanings assigned to such terms in Article I hereof. 
 RECITALS 

WHEREAS, Reserves and GP have formed the Partnership pursuant to the Delaware Revised Uniform Limited Partnership Act for the purposes
set forth in the Agreement of Limited Partnership of the Partnership dated January 26, 2012 (the “Original LPA”). 

WHEREAS, each of the following actions has been taken prior to the date hereof: 

1. Reserves has formed GP under the terms of the Delaware Uniform Limited Liability Company Act (the “Delaware LLC
Act”) to which it committed to contribute $1,000 in the aggregate in exchange for all of the limited liability company interests in GP. 

2. Reserves and GP have formed the Partnership to which Reserves committed to contribute $1,000. The Partnership issued a 100%
limited partner interest (the “Initial LP Interest”) to Reserves and a non-economic general partner interest to GP. 

WHEREAS, pursuant hereto, each of the following actions will occur at the times specified hereinafter: 

1. Reserves and Beyer will convey their limited liability company interests in the Operating Company to the Partnership in
exchange for (a) Sponsor Subordinated Units, (b) Sponsor Common Units, (c) the right to receive the Deferred Issuance and Distribution, (d) the right of Reserves and Beyer to receive a distribution of a portion of the net
proceeds of the initial public offering of the Partnership’s common units (the “Offering”) as a reimbursement of certain pre-formation capital expenditures attributable to the assets of the Operating Company and (e) a
continuation of the right of Reserves and Beyer to receive reimbursement (pursuant to Section 5.6(c) of the LP Agreement and Section 2.02 of the Registration Rights Agreement) for certain capital expenditures attributable to the assets of
the Operating Company incurred within the two-year period prior to the date of formation of the Operating Company as a partnership (for tax purposes) (the “Reimbursement Right”). 

2. The Initial LP Interest held by Reserves will be redeemed and the initial capital contributions of Reserves shall thereupon
be refunded, as the case may be. 
 3. GP will issue Beyer a 0.67% membership interest. 

 4. In connection with the Offering, the public, through the Underwriters, will
contribute cash to the Partnership pursuant to the Underwriting Agreement, net of the Underwriters’ Discount, in exchange for Common Units. 

5. The Partnership will (a) pay expenses incurred in connection with the Offering, estimated at
$         million (excluding the Underwriters’ Discount, (b) contribute up to $         to the Operating Company to repay outstanding indebtedness of the
Operating Company and (c) make a cash distribution to Reserves and Beyer. 
 WHEREAS, each of the Parties and the stockholders,
members or partners of the Parties, as the case may be, have taken all corporate, partnership, limited liability company or other action, as the case may be, required to be taken to approve the transactions contemplated by this Agreement; and 

WHEREAS, the Partnership may adjust upward or downward the number of Firm Units to be offered to the public through the Underwriters.

 NOW THEREFORE, in consideration of the foregoing and other good and valuable consideration, the receipt and sufficiency of which
is hereby acknowledged, and intending to be legally bound hereby, the Parties hereto hereby agree as follows: 
 ARTICLE I 

DEFINITIONS 
 The
following defined terms will have the meaning given below: 
 “Agreement” has the meaning assigned to such term in the
preamble. 
 “Beyer” has the meaning assigned to such term in the preamble. 

“Common Unit” means a common unit representing a limited partner interest in the Partnership having the rights set forth in
the LP Agreement. 
 “Deferred Issuance and Distribution” has the meaning set forth in the LP Agreement. 

“Delaware LLC Act” has the meaning assigned to such term in the Recitals of this Agreement. 

“Effective Time” means the date and time with respect to the delivery of the Firm Units and payment therefor as set forth in
the Underwriting Agreement. 
 “Firm Units” means the Common Units to be sold to the Underwriters pursuant to the terms of
the Underwriting Agreement, but does not include any Option Units. 
 “GP” has the meaning assigned to such term in the
preamble. 

  
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 “GP Contribution” has the meaning assigned to such term in Section 2.2 of
this Agreement. 
 “Initial LP Interest” has the meaning assigned to such term in the Recitals of this Agreement. 

“LP Agreement” means the First Amended and Restated Agreement of Limited Partnership of the Partnership, substantially in the
form attached as Appendix A to the prospectus constituting part of the Registration Statement. 
 “Offering” has the
meaning assigned to such term in the Recitals of this Agreement. 
 “Operating Company” has the meaning assigned to such
term in the preamble. 
 “Option Units” means the Common Units that the Partnership will agree to issue upon exercise of
the Over-Allotment Option. 
 “Original LPA” has the meaning assigned to such term in the Recitals of this Agreement. 

“Over-Allotment Option” means a number of Common Units equal to 15% of the Firm Units, which the Partnership will agree to
sell to the Underwriters, at their option, to cover over-allotments in connection with the Offering. 
 “Partnership” has
the meaning assigned to such term in the preamble. 
 “Registration Statement” means the Registration Statement on
Form S-1 initially filed on February 2, 2012 with the Securities and Exchange Commission (Registration No. 333-179304), as amended. 

“Registration Rights Agreement” has the meaning assigned to such term in Section 3.4 of this Agreement. 

“Reimbursement Right” has the meaning assigned to such term in the Recitals of this Agreement. 

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

“Reserves and Beyer Contribution” has the meaning assigned to such term in Section 2.1 of this Agreement. 

“Sponsor Common Units” means ]Common Units, provided that if the Partnership increases the number of Firm Units, the Sponsor
Common Units will be decreased by a number of Common Units equal to 15% (to accommodate the corresponding increase in the number of Option Units and Deferred Issuance and Distribution) of such increase and if the Partnership decreases the number of
Common Units offered to the public through the Underwriters, the Sponsor Common Units will be increased by a number of Common Units equal to 115% of such decrease. 

  
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 “Sponsor Subordinated Units” means Subordinated Units. 

“Subordinated Unit” means a subordinated unit representing a limited partner interest in the Partnership having the rights
set forth in the LP Agreement. 
 “Transferee Entity” has the meaning assigned to such term in Section 5.1 of this
Agreement. 
 “Underwriters” means the underwriting syndicate listed in the Underwriting Agreement. 

“Underwriters’ Discount” means the Underwriters’ discount as set forth in the Underwriting Agreement. 

“Underwriting Agreement” means a firm commitment underwriting agreement to be entered into among the Partnership, the GP, the
Operating Company and the Underwriters named in the Registration Statement, in substantially the form attached as Exhibit 1.1 to the Registration Statement. 

ARTICLE II 

CONTRIBUTIONS 

Section 2.1 Reserves and Beyer hereby grant, contribute, bargain, convey, assign, transfer, set over and deliver all of their respective
limited liability company interests in the Operating Company (the “Reserves and Beyer Contribution”) to the Partnership, its successors and assigns, for its and their own use forever, and the Partnership hereby accepts the Reserves
and Beyer Contribution in exchange for (a) the Sponsor Common Units, (b) the Sponsor Subordinated Units, (c) the right to receive the Deferred Issuance and Distribution, (d) the right of Reserves and Beyer to receive a
distribution of a portion of the net proceeds of the Offering as a reimbursement of certain preformation capital expenditures attributable to the assets of the Operating Company and (e) a continuation of the Reimbursement Right. 

Section 2.2 The GP hereby grants, contributes, bargains, conveys, assigns, transfers, sets over and delivers a 0.67% membership interest
in the GP (the “GP Contribution”) to Beyer, his successors and assigns, for his and their own use forever, and Beyer hereby accepts the GP Contribution. 

ARTICLE III 
 ADDITIONAL
TRANSACTIONS 
 Concurrently with the Effective Time, the following additional transactions shall be completed in the order set forth
below. 
 Section 3.1 Execution of LP Agreement. Reserves and GP shall amend and restate the Original LPA by executing the
LP Agreement, with such changes as are necessary to reflect any adjustment to the number of Firm Units and Option Units as the Partnership may agree with the Underwriters and such other changes as GP and Reserves may agree. 

  
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 Section 3.2 Waiver of Limited Preemptive Right. GP hereby waives the limited
preemptive right granted to it under Section 5.8 of the LP Agreement in connection with the Offering. 
 Section 3.3 Redemption
of Initial LP Interest. The Initial LP Interest held by Reserves shall be redeemed and the initial capital contribution of Reserves shall thereupon be refunded, as the case may be. 

Section 3.4 Execution of Registration Rights Agreement. Reserves, Beyer and the Partnership shall execute the registration rights
agreement, in substantially the form attached as Exhibit 4.1 to the Registration Statement (the “Registration Rights Agreement”), pursuant to which the Partnership shall agree to register with the Securities and Exchange Commission
certain limited partner interests in the Partnership, or sell limited partner interests and use the proceeds to redeem certain limited partner interests, in accordance with the terms provided therein. 

Section 3.5 Underwriter Cash Contribution. The Parties acknowledge that the Partnership is undertaking the Offering, and the
Underwriters will, pursuant to the Underwriting Agreement, agree to make a capital contribution to the Partnership of an amount determined pursuant to the terms of the Underwriting Agreement in exchange for the issuance by the Partnership to the
Underwriters of the Firm Units. 
 ARTICLE IV 

DEFERRED ISSUANCE AND DISTRIBUTION 

Upon the earlier to occur of the expiration of the Over-Allotment Option period or the exercise in full of the Over-Allotment Option, the
Partnership shall issue to Reserves and Beyer, on a pro rata basis, a number of additional Common Units that is equal to the excess, if any, of (a) the total number of Option Units over (b) the aggregate number of Common Units, if any,
actually purchased by and issued to the Underwriters pursuant to the exercise(s) of the Over-Allotment Option. Upon each exercise of the Over-Allotment Option, if any, the Partnership shall distribute to Reserves and Beyer, on a pro rata
basis, an amount of cash equal to the proceeds therefrom net of the Underwriters’ Discount of each such exercise. 
 ARTICLE V

 TRANSFER OF UNITS 

Section 5.1 Except as otherwise provided in this Agreement, no Party may transfer its Common Units or Subordinated Units in the Company to a
non-Party without the express written consent of Reserves, which consent may be withheld in Reserve’s sole and absolute discretion. Notwithstanding the foregoing, (i) Beyer may transfer his existing Common Units and Subordinated Units to an
entity (the “Transferee Entity”) so long as Beyer is the 100% owner of such Transferee Entity and such Transferee Entity agrees to be bound by the terms of this Agreement by becoming a signatory hereto or executing an accession in
form acceptable to Reserves, provided, that such transfer shall not relieve Beyer of any obligations hereunder and shall not give the Transferee Entity any right to further transfer the Common Units and

  
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Subordinated Units other than as may be permitted by this Agreement except that (ii) Beyer’s ownership interests in the Transferee Entity may be transferred by operation of law upon his
death. Any purported transfer of a Common Unit or Subordinated Unit in the Company not inconformity with this Section 5.1 shall be null and void ab initio. 

Section 5.2 If Reserves receives at any time an offer, whether or not solicited, for the purchase or exchange of any of its Common Units
or Subordinated Units which it proposes to accept, then Reserves shall have the right to require the other Parties to participate in the transaction on the same terms and conditions as Reserves proposes to accept, and sell an identical pro rata
percentage of the Common Units and Subordinated Units held by such other Party(ies) or Transferee Entity (as the case may be) as Reserves proposes to transfer. 

Section 5.3 If Reserves receives at any time an offer, whether or not solicited, for the purchase or exchange of any of its Common or
Subordinated Units which it proposes to accept, then Beyer or the Transferee Entity (as the case may be) shall have the right to participate in the transaction on the same terms and conditions as Reserves proposes to accept and sell an identical pro
rata percentage of his/its Common and Subordinated Units as Reserves proposes to transfer. 
 Section 5.4 Beyer or the Transferee
Entity (as the case may be) shall be entitled to sell, transfer or otherwise dispose of in public markets up to twenty five percent of his/its Common and Subordinated Units on or after December 31, 2015, and Beyer or the Transferee Entity (as
the case may be) shall be entitled to sell, transfer or otherwise dispose of in public markets up to one hundred percent (100%) of his/its Common and Subordinated Units on or after December 31, 2019. 

ARTICLE VI 

MISCELLANEOUS 

Section 6.1 Effective Time. Notwithstanding anything contained in this Agreement to the contrary, the provisions of Articles II,
III and IV and Section 5.2 shall not be binding or have any effect until the Partnership executes the Underwriting Agreement, at which time all such provisions shall be effective and operative without further action by any Party. 

Section 6.2 Further Assurances. From time to time, 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 (a) 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,
(b) 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 (c) more fully
and effectively carry out the purposes and intent of this Agreement. 
 Section 6.3 Successors and Assigns. The Agreement shall
be binding upon and inure to the benefit of the Parties and their respective successors and assigns. 

  
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 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. 
 Section 6.5 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 provision 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 6.6 Entire Agreement. 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. 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 after the date of this Agreement. 
 Section 6.7 Amendment or
Modification. This Agreement may be amended or modified at any time or from time to time only by a written instrument, specifically stating that such written instrument is intended to amend or modify this Agreement, signed by each of the
Parties. 
 Section 6.8 Applicable Law; Forum, Venue and Jurisdiction. 

(a) This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware. 

(b) Each of the Parties: 

(i) irrevocably agrees that any claims, suits, actions or proceedings arising out of or relating in any way to this Agreement
shall be exclusively brought in the Court of Chancery of the State of Delaware; 
 (ii) irrevocably submits to the exclusive
jurisdiction of the Court of Chancery of the State of Delaware in connection with any such claim, suit, action or proceeding; 

(iii) agrees not to, and waives any right to, assert in any such claim, suit, action or proceeding that (A) it is not
personally subject to the jurisdiction of the Court of Chancery of the State of Delaware or of any other court to which proceedings in the Court of Chancery of the State of Delaware may be appealed, (B) such claim, suit, action or proceeding is
brought in an inconvenient forum or (C) the venue of such claim, suit, action or proceeding is improper; 

  
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 (iv) expressly waives any requirement for the posting of a bond by a party
bringing such claim, suit, action or proceeding; and 
 (v) consents to process being served in any such claim, suit, action
or proceeding by mailing, certified mail, return receipt requested, a copy thereof to such party at the address in effect for notices hereunder, and agrees that such services shall constitute good and sufficient service of process and notice
thereof; provided, nothing in clause (v) hereof shall affect or limit any right to serve process in any other manner permitted by law. 

Section 6.9 Headings. 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. All references herein to Articles and Sections shall, unless the context requires a different construction, be deemed to be references to the Articles and Sections of
this Agreement. The words “hereof,” “herein” and “hereunder” and words of similar import, when used in this Agreement, shall refer to this Agreement as a whole, and not to any particular provision of this Agreement. 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”, “but not limited to”, 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 6.10 Counterparts. This Agreement may be executed in any
number of counterparts with the same effect as if all Parties had signed the same document. All counterparts shall be construed together and shall constitute one and the same instrument. The delivery of an executed counterpart copy of this
Agreement by facsimile or electronic transmission in PDF format shall be deemed to be the equivalent of delivery of the originally executed copy thereof. 

[Signature Page Follows] 

  
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 IN WITNESS WHEREOF, this Agreement has been duly executed by the Parties as of the date first
written above. 
  

			
	FORESIGHT ENERGY LP
		
	By:	 	 Foresight Energy GP LLC, its general

  partner

		
	By:	 	  

	
	FORESIGHT ENERGY GP LLC
		
	By:	 	  

	
	FORESIGHT ENERGY LLC
		
	By:	 	  

	
	FORESIGHT RESERVES, LP
		
	By:	 	  

		
		 	  

		 	Michael J. Beyer

 SIGNATURE PAGE 

CONTRIBUTION, CONVEYANCE AND ASSUMPTION AGREEMENTEX-10.3

 Exhibit 10.3 

FORESIGHT ENERGY PARTNERS LP 

LONG-TERM INCENTIVE PLAN 

Section 1. Purpose of the Plan. The Foresight Energy Partners LP Long-Term Incentive Plan (the
“Plan”) has been adopted by Foresight Energy GP LLC, a Delaware limited liability company, the general partner (“General Partner”) of Foresight Energy Partners LP, a Delaware limited partnership (the
“Partnership”). The Plan is intended to promote the interests of the General Partner, the Partnership and their respective Affiliates by providing incentive compensation awards denominated in or based on Units to Directors,
Officers, certain Employees and certain Consultants to encourage superior performance. The Plan is also intended to enhance the ability of the General Partner, the Partnership and their respective Affiliates to attract and retain the services of
individuals who are essential for the growth and profitability of the Partnership and to encourage them to devote their best efforts to advancing the business of the General Partner, the Partnership and their respective Affiliates. 

Section 2. Definitions. 

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

“409A Award” means an Award that constitutes a “deferral of compensation” within the meaning of Section 409A,
whether by design, due to a subsequent modification in the terms and conditions of such Award or as a result of a change in applicable law following the date of grant of such Award, and that is not exempt from Section 409A pursuant to an
applicable exemption. 
 “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, Unit Appreciation Right, Restricted Unit, Phantom Unit, Unit Award, DER,
Performance Award, Substitute Award or Other Unit-Based Award granted under the Plan. 
 “Award Agreement” means the
written or electronic agreement by which an Award shall be evidenced. 
 “Board” means the board of directors of the
General Partner. 
 “Change in Control” means, and shall be deemed to have occurred upon one or more of the following
events: 
 (a) any “person” or “group” within the meaning of Sections 13(d) and 14(d)(2) of the Exchange
Act, other than members of the General Partner, the 

 
Partnership, or an Affiliate of either the General Partner or the Partnership (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 General Partner or the Partnership; 

(b) the limited partners of the Partnership approve, in one or a series of transactions, a plan of complete liquidation of the
Partnership; 
 (c) the sale or other disposition by either the General Partner or the Partnership of all or substantially
all of the General Partner’s or the Partnership’s assets in one or more transactions to any Person other than the General Partner, the Partnership or any of their respective Affiliates; 

(d) a transaction resulting in a Person other than the General Partner or one of its Affiliates (as determined immediately
prior to such transaction) being the sole general partner of the Partnership; 
 (e) any other event specified as a
“Change in Control” in an applicable Award Agreement. 
 Notwithstanding the above, if a Change in Control constitutes a payment
event with respect to a 409A Award, a “Change in Control” shall not occur unless the transaction or event described in subsection (i), (ii), (iii), (iv) or (v) above also constitutes a “change in control event” within
the meaning of Treasury Regulation Section 1.409A-3(i)(5), as applied to non-corporate entities 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 as is appointed by the Board if the Board appoints such
a committee to administer the Plan. 
 “Consultant” means an individual who renders services to the General Partner, the
Partnership or any of their respective Affiliates, including, without limitation, an individual who renders services to one or more mines or coal processing facilities owned or operated by the General Partner, the Partnership or any of their
respective Affiliates. 
 “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 or the board of directors of an Affiliate of the General Partner who is not an
Employee, Officer or a Consultant (other than in that individual’s capacity as a Director). 

  
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 “Effective Date” means the date on which the Plan is first adopted by the Board
or the board of directors or similar governing body of Foresight Reserves, L.P. acting on behalf of the General Partner. 

“Employee” means an employee of the General Partner, the Partnership or any of their respective 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 of a Unit on such date (or if there is no trading in
the Units on such date, on the next preceding date on which there was trading) 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 The Wall Street Journal (or other reporting service approved by the Committee). Notwithstanding the foregoing, in the event Units are not publicly traded at the time a determination of Fair Market
Value is required to be made hereunder, the determination of Fair Market Value shall be made in good faith by the Committee and, to the extent applicable, in compliance with Section 409A. 

“General Partner” has the meaning set forth in Section 1. 

“Officer” means an officer of the General Partner within the meaning of Rule 16a-1(f) under the Exchange Act. 

“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(d) of the Plan. 

“Participant” means a Director, Officer, Employee or Consultant granted an Award under the Plan and any authorized transferee
of such individual. 
 “Partnership” has the meaning set forth in Section 1. 

“Performance Award” means any Award designated by the Committee as a Performance Award pursuant to Section 6(g) of the
Plan. 
 “Person” means an individual or a corporation, limited liability company, partnership, joint venture, trust,
unincorporated organization, association, governmental agency or political subdivision thereof or other entity. 
 “Phantom
Unit” means a notional interest granted pursuant to Section 6(b) of the Plan that, to the extent vested, entitles the Participant to receive, at the time of settlement, a Unit or an amount of cash equal to the Fair Market Value of a
Unit, as determined by the Committee in its sole discretion. 
 “Plan” has the meaning set forth in Section 1. 

  
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 “Qualified Member” means a member of the Committee who is a “nonemployee
director” within the meaning of Rule 16b-3(b)(3). 
 “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. 

“Rule 16b-3” means Rule 16b-3 promulgated by the SEC under the Exchange Act or any successor rule or regulation thereto as in
effect from time to time. 
 “SEC” means the Securities and Exchange Commission, or any successor thereto. 

“Section 409A” means Section 409A of the Code and the Department of Treasury regulations and other interpretive guidance
issued thereunder, including, without limitation, any such regulations or other guidance that may be issued after the Effective Date. 

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

“Unit” means a common unit of the Partnership. 

“Unit Appreciation Right” or “UAR” means a contingent right granted pursuant to Section 6(a) of the
Plan that entitles the holder to receive, in cash or Units, as determined by the Committee in its sole discretion, an amount equal to the excess of the Fair Market Value of a Unit on the exercise date of the Unit Appreciation Right (or another
specified date) over the exercise price of the Unit Appreciation Right. 
 “Unit Award” means an award granted pursuant to
Section 6(c) of the Plan. 
 Section 3. Administration. 

(a) Authority of the Committee. 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 vested, 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 

  
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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, without limitation, the General Partner, the Partnership, any of their respective Affiliates, any
Participant, and any beneficiary of a Participant. 
 (b) Manner and Exercise of Committee Authority. At any time that a member of
the Committee is not a Qualified Member, any action of the Committee relating to an Award granted or to be granted to a Participant who is then subject to Section 16 of the Exchange Act in respect of the Partnership may be taken either
(i) by a subcommittee, designated by the Committee, composed solely of two or more Qualified Members, or (ii) by the Committee but with each such member who is not a Qualified Member abstaining or recusing himself or herself from such
action; provided, however, that upon such abstention or recusal the Committee remains composed solely of two or more Qualified Members. Such action, authorized by such a subcommittee or by the Committee upon the abstention or recusal of such
non-Qualified Member(s), shall be the action of the Committee for all purposes of the Plan. The express grant of any specific power to the Committee, and the taking of any action by the Committee, shall not be construed as limiting the power or
authority of the Committee. 
 (c) Limitation of Liability. The Committee and each member thereof shall be entitled to, in good
faith, rely or act upon any report or other information furnished to him or her by any officer or employee of the General Partner, the Partnership or their Affiliates, the General Partner’s or the Partnership’s legal counsel, independent
auditors, consultants or any other agents assisting in the administration of the Plan. Members of the Committee and any officer or employee of the General Partner, the Partnership or any of their Affiliates acting at the direction or on behalf of
the Committee shall not be personally liable for any action or determination taken or made in good faith with respect to the Plan, and shall, to the fullest extent permitted by law, be indemnified and held harmless by the General Partner with
respect to any such action or determination. 
 (d) Exemptions from Section 16(b) Liability. It is the intent of the General
Partner that the grant of any Awards to, or other transaction by, a Participant who is subject to Section 16 of the Exchange Act shall be exempt from Section 16(b) of the Exchange Act pursuant to Rule 16b-3 or another applicable exemption
(except for transactions acknowledged by the Participant in writing to be non-exempt). Accordingly, if any provision of the Plan or any Award Agreement does not comply with the requirements of Rule 16b-3 or such other exemption as then applicable to
any such transaction, such provision shall be construed or deemed amended to the extent necessary to conform to the applicable requirements of Rule 16b-3 so that such Participant shall avoid liability under Section 16(b) of the Exchange Act.

 (e) Prohibition on Repricing of Options and Unit Appreciation Rights. Subject to the provisions of Section 4(c) hereof, the
terms of outstanding Award Agreements may not be amended without the approval of the Partnership’s unitholders so as to (i) reduce the per Unit exercise price of any outstanding Options or Unit Appreciation Rights, (ii) cancel any

  
 5 

 
outstanding Options or Unit Appreciation Rights in exchange for cash or other Awards when the Option or Unit Appreciation Right price per Unit exceeds the Fair Market Value of the underlying
Units or (iii) otherwise reprice any Option or Unit Appreciation Right. Subject to Section 4(c), Section 7(c) and Section 8(m), the Committee shall have the authority, without the approval of the unitholders of the Partnership,
to amend any outstanding Award to increase the per Unit exercise price of any outstanding Options or Unit Appreciation Rights or to cancel and replace any outstanding Options or Unit Appreciation Rights with the grant of Options or Unit Appreciation
Rights having a per Unit exercise price that is greater than or equal to the per Unit exercise price of the original Options or Unit Appreciation Rights. 

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 7,000,000. Units withheld from an Award to either satisfy the General Partner’s or one of its Affiliate’s tax withholding obligations with respect to the Award or pay the exercise price of an Award shall
not be counted against the number of Units that may be delivered under the Plan and shall be available for future grants of Awards. 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 place upon them under the Plan and the applicable
Award Agreement lapse), the Units subject to such Award shall again be available for Awards under the Plan. To the extent permitted by applicable law and securities exchange rules, Units issued in assumption of, or in substitution for, any
outstanding awards of any entity acquired in any form of combination 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 (i) Units acquired in the open market, (ii) Units acquired from the Partnership, one of its Affiliates or any other Person, (iii) Units otherwise issuable by the Partnership, or (iv) any
combination of the foregoing, as determined by the Committee in its discretion. 
 (c) Anti-dilution Adjustments. 

(i) Equity Restructuring. Notwithstanding anything contained in Section 7, with respect to any “equity restructuring”
event that could result in an additional compensation expense to the General Partner 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 accounting charge under ASC Topic 718 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 

  
 6 

 
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. In
the event the Committee makes any adjustment pursuant to the foregoing provisions of this Section 4(c), the Committee shall make a corresponding and proportionate adjustment with respect to the maximum number of Units that may be delivered with
respect to Awards under the Plan as provided in Section 4(a) and the kind of Units or other securities available for grant under the Plan. 

(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 vesting conditions and/or performance targets or criteria with respect thereto); and (D) the grant or exercise price per Unit for any
outstanding Awards under the Plan. 
 (d) Additional Issuances. Except as hereinbefore expressly provided, the issuance by the
General Partner or the Partnership of Units for cash, property, labor or services, upon direct sale, or upon the conversion of Units or obligations of the General Partner or the Partnership convertible into such Units, and in any case whether or not
for fair value, shall not affect, and no adjustment by reason thereof shall be made with respect to, the number of Units subject to Awards theretofore granted pursuant to the Plan. 

Section 5. Eligibility. Directors, Officers, certain Employees and certain Consultants shall be eligible to be
designated a Participant and receive an Award under the Plan. If the Units issuable pursuant to an Award are intended to be registered with the SEC under the Securities Act on a Form S-8 Registration Statement (“Form S-8”), then
only Directors, Officers, Employees and Consultants of the Partnership or a parent or subsidiary of the Partnership (within the meaning of General Instruction A.1(a) to Form S-8) will be eligible to receive such an Award to the extent necessary
pursuant to Form S-8 to ensure the effective registration of the Units awarded pursuant to such an Award. 
 Section 6.
Awards. 
 (a) Options and Unit Appreciation Rights. The Committee shall have the authority to determine the Directors,
Officers, Employees and Consultants, if any, 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 that are intended to
comply with Treasury Regulation Section 1.409A-1(b)(5)(i)(A) and UARs that 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 

  
 7 

 
successor regulation, are satisfied. Options and UARs that are otherwise exempt from or compliant with Section 409A may be granted to any eligible Director, Officer, Employee or Consultant.

 (i) Exercise Price. The exercise price per Unit purchasable under an Option or subject to a UAR that does not provide for the
deferral of compensation under Section 409A shall be determined by the Committee at the time the Option is granted but, except with respect to Substitute Awards, 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 General Partner, 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 General Partner, or any combination of the foregoing methods. 

(b) Restricted Units and Phantom Units. The Committee shall have the authority to determine the Directors, Officers, Employees and
Consultants, if any, 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, as the Committee may establish with respect to such Awards. 

(i) Payment of Phantom Units. The conditions and dates or events upon which the cash or Units underlying an award of Phantom Units
shall be issued shall be specified in the applicable Award Agreement, which dates or events (A) shall not be earlier than the date on which the Phantom Units vest and become nonforfeitable and (B) shall be subject to compliance with
Section 409A if the award of Phantom Units constitutes a 409A Award. 
 (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) Unit Awards. The Committee shall
have the authority to grant a Unit Award under the Plan to (i) to such Directors, Officers, Employees and/or Consultants 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. 

  
 8 

 (d) Other Unit-Based Awards. Other Unit-Based Awards may be granted under the Plan to such
Directors, Officers, Employees and/or Consultants, if any, 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 applicable
Award Agreement. 
 (e) DERs. The Committee shall have the authority to determine the Directors, Officers, Employees and/or
Consultants, if any, to whom DERs are granted, whether such DERs are granted in tandem with other Awards or granted as 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. 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. 
 (f) Substitute Awards. Awards may be granted under the Plan in
substitution for similar awards held by individuals who become Directors, Officers, Employees or Consultants as a result of a merger, consolidation, acquisition or other transaction by the Partnership or an Affiliate of another entity or the assets
of another entity. Such Substitute Awards that are Options or UARs may have exercise prices that are 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 exchange rules. 
 (g) Performance Awards. The right of a Participant to receive a grant, and the right of a Participant to
exercise or receive a grant or settlement of any Award, and the timing thereof, may be subject to such performance conditions as may be specified by the Committee. The Committee may use such business criteria and other measures of performance as it
may deem appropriate in establishing any performance conditions, and may exercise its discretion to reduce or increase the amounts payable under any Award subject to performance conditions. 

(h) Certain Provisions Applicable to Awards. 

(i) Forfeitures. Except as otherwise provided in the terms of an Award Agreement, upon termination of a Participant’s employment
or service to the General Partner and its Affiliates or membership on the Board or the board of directors of an Affiliate, whichever is applicable, for any reason during an applicable Restricted Period, all outstanding unvested Awards shall be
automatically forfeited by the Participant. The Committee may, in its 

  
 9 

 
discretion, waive in whole or in part such forfeiture with respect to such Award, provided that any such waiver shall be effective with respect to a 409A Award only to the extent that such
waiver will not cause such 409A Award to fail to satisfy the requirements of Section 409A. 
 (ii) 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 Partnership or
any Affiliate. Awards granted in addition to, or in tandem with, other Awards or awards granted under any other plan of the Partnership 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. 
 (iii) Limits on Transfer of Awards. 

(A) Except as provided in paragraph (C) below, each Option and Unit Appreciation Right shall be exercisable only by the
Participant 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 General Partner, the Partnership or any Affiliate. 
 (C) The Committee may provide in an
Award Agreement 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 Form S-8 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. 

(iv) Term of Awards. The term of each Award, if any, shall be for such period as may be determined by the Committee. 

(v) Issuance of Units. The Units or other securities of the Partnership delivered pursuant to an Award may be evidenced in any manner
deemed appropriate by the Committee in its sole discretion, including, but not limited to, in the form of a certificate issued in the name of the Participant or by book entry, electronic or otherwise and 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 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 entries to make appropriate reference to such restrictions. 

  
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 (vi) Consideration for Grants. To the extent permitted by applicable law, Awards may be
granted for such consideration, including services, as the Committee shall determine. 
 (vii) 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 General Partner 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 General Partner 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
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 General Partner. 
 (viii) Additional Agreements. Each Director, Officer, Employee and
Consultant to whom an Award is granted under the Plan may be required to agree in writing, as a condition to the grant of such Award or otherwise, to subject an Award that is exercised or settled following such Person’s termination of services
with the General Partner, the Partnership or their Affiliates to a general release of claims and/or a noncompetition agreement in favor of the General Partner, the Partnership, and their Affiliates, with the terms and conditions of such agreement(s)
to be determined in good faith by the Committee. 
 (ix) Termination of Employment. Except as provided herein, the treatment of an
Award upon a termination of employment or any other service relationship by and between a Participant and the General Partner, the Partnership, or any of their respective Affiliates shall be specified in the Award Agreement controlling such Award.

 Section 7. Amendment and Termination; Certain Events. 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, including increasing the number of Units available for Awards under the Plan,
without the consent of any partner, Participant, other holder or beneficiary of an Award, or any other Person. The Board shall obtain unitholder approval of any Plan amendment to the extent necessary to comply with applicable law or securities
exchange listing standards or rules. 

  
 11 

 (b) Amendments to Awards. Subject to Section 7(a), 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. Notwithstanding
any other provisions of the Plan or any Award Agreement to the contrary, upon a Change in Control, any transaction or event described in Section 4(c), 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 General Partner or the Partnership, the Committee, acting in its sole discretion without the consent or approval of any holder, may affect one or more of the following
alternatives, which may vary among individual holders and which may vary among Awards: 
 (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 attained upon the exercise of such Award or realization of the Participant’s rights, then such Award
may be terminated by the General Partner 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, and in
the number and kind of outstanding Awards or in the terms and conditions of (including the exercise price), and the vesting and performance criteria included in, outstanding Awards, or both; or 

(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. 
 Notwithstanding the foregoing, (A) with respect to an above event that is an “equity restructuring”
event that would be subject to a compensation expense pursuant to ASC Topic 718, or any successor accounting standard, the provisions in Section 4(c) shall control to the extent they are in conflict with the discretionary provisions of this
Section 7(c); provided, 

  
 12 

 
however, that nothing in this Section 7(c) or in Section 4(c) shall be construed as providing any Participant or any beneficiary 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 above or in Section 4(c); and (B) no action shall be
taken under this Section 7(c) which shall cause an Award to fail to comply with Section 409A, to the extent Section 409A is 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. 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 General Partner, the General Partner and each of its Affiliates is authorized to deduct or withhold from any Award, or cause to be deducted or withheld, 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, Units, other securities or property, or Units that would otherwise be issued or delivered pursuant to such Award) of
any applicable taxes payable in respect of the grant or settlement of an Award, its exercise, the lapse of restrictions thereon, or any other payment or transfer under an Award or under the Plan and to take such other action as may be necessary in
the opinion of the General Partner to satisfy its withholding obligations for the payment of such taxes. Notwithstanding the foregoing, with respect to any Participant who is subject to Rule 16b-3, except as otherwise provided in any tax withholding
policy or procedure adopted by the General Partner, such tax withholding automatically shall be effected by the General Partner or one of its Affiliates either by (i) withholding Units otherwise deliverable to the Participant on the vesting or
payment of such Award or (ii) if no Units are otherwise deliverable to the Participant in connection with the event triggering such tax withholding obligation, requiring the Participant to tender a cash payment to the General Partner in an
amount equal to the applicable taxes required to be withheld with respect to such event. 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
withheld or surrendered shall be limited to the number of Units which have a Fair Market Value (which, in the case of a broker-assisted transaction, shall be determined by the Committee, consistent with applicable provisions of the Code), 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. 
 (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 General Partner, the Partnership or any of their respective Affiliates, to continue providing consulting services, or to remain on the Board, as applicable. Furthermore, the General Partner or any of its Affiliates
may at any time dismiss a Participant from employment or his or her service relationship free from any liability or any claim under the Plan, unless otherwise expressly provided in the Plan, any Award Agreement or other agreement. 

  
 13 

 (d) 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. 

(e) 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. If any of the terms or provisions of the Plan or any Award Agreement conflict with the requirements of Rule 16b-3 (as those terms or provisions are applied to Participants who are subject to
Section 16(b) of the Exchange Act), then those conflicting terms or provisions shall be deemed inoperative to the extent they so conflict with the requirements of Rule 16b-3 (unless the Board or the Committee, as appropriate, has expressly
determined that the Plan or such Award should not comply with Rule 16b-3). 
 (f) 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 General Partner 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. 

(g) 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 General Partner, the Partnership or any of their respective 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 from the General Partner or any Affiliate pursuant to an Award, such right shall be no greater than the right of any general unsecured creditor of the General Partner or such Affiliate. 

(h) No Fractional Units. No fractional Units shall be issued or delivered pursuant to the Plan or any Award, and the Committee shall
determine in its sole discretion 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 with or without consideration. 
 (i) 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 thereof. 

(j) Facility of Payment. Any amounts payable hereunder to any individual under legal disability or who, in the judgment of the
Committee, is unable to manage properly 

  
 14 

 
his financial affairs, may be paid to the legal representative of such individual, or may be applied for the benefit of such individual in any manner that the Committee may select, and the
General Partner shall be relieved of any further liability for payment of such amounts. 
 (k) Allocation of Costs. Nothing herein
shall be deemed to override, amend, or modify any cost sharing arrangement, omnibus agreement, or other arrangement between the General Partner, the Partnership, or any of their respective Affiliates regarding the sharing of costs between those
entities. 
 (l) Gender and Number. Words in the masculine gender shall include the feminine gender, the plural shall include the
singular and the singular shall include the plural. 
 (m) Section 409A. To the extent that the Committee determines that any
Award granted under the Plan constitutes a 409A Award, the Award Agreement evidencing such Award shall 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, the Committee determines that any Award may be a 409A Award, 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 General Partner or any of their respective Affiliates to adopt any such amendment, policy or procedure or take any such other action, nor shall the
Committee, the Partnership, the General Partner or any of their respective Affiliates have any liability for failing to do so. 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). 
 (n) No
Guarantee of Tax Consequences. None of the Board, the Committee, the Partnership nor the General Partner makes any commitment or guarantee that any federal, state or local tax treatment will (or will not) apply or be available to any
Participant. 
 (o) Clawback. Notwithstanding any provisions in the Plan to the contrary, to the extent required by
(i) applicable law, including, without limitation, the requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, any SEC rule or any applicable securities exchange listing standards and/or (ii) any policy that
may be adopted by the Board, Awards and amounts paid or payable pursuant to or with respect to Awards shall be subject to clawback to the extent necessary to comply with such law(s) and/or policy, which clawback may include forfeiture, repurchase
and/or recoupment of Awards and amounts paid or payable pursuant to or with respect to Awards. 
 Section 9. Term of the Plan.
The Plan shall be effective on the date on which the Plan is adopted by the Board and shall continue until the earlier of (i) the date terminated by the Board or (ii) the 10th anniversary of the date on which the Plan is adopted by the
Board. 

  
 15 

 
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. 

  
 16

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