Exhibit 10.1
Execution Version
SUPPORT AND LOCKUP AGREEMENT
THIS SUPPORT AND LOCKUP AGREEMENT, dated as of December 19, 2023 (this “Agreement”), is entered into by and among Kodiak Gas Services, Inc., a Delaware corporation (“Kick”), CSI Compressco LP, a Delaware limited partnership (the “Partnership”), and CSI Compressco GP LLC, a Delaware limited liability company and the general partner of the Partnership (the “General Partner” and, together with the Partnership, the “Burro Parties”), and each Person identified on Exhibit A (each a “Unitholder” and, collectively, the “Unitholders”).
RECITALS:
WHEREAS, concurrently with the execution of this Agreement, Kick, Kick Stock Merger Sub, LLC, a Delaware limited liability company and a wholly owned subsidiary of Kick (“Stock Merger Sub”), Kick GP Merger Sub, LLC, a Delaware limited liability company and a wholly owned subsidiary of Kick (“GP Merger Sub”), Kick LP Merger Sub, LLC, a Delaware limited liability company and a wholly owned subsidiary of Kick (“Unit Merger Sub”), and the Burro Parties are entering into an Agreement and Plan of Merger (as it may be amended, supplemented, restated or otherwise modified from time to time, the “Merger Agreement”), pursuant to which, among other things, (a) Stock Merger Sub will merge with and into the Partnership (the “Stock Merger”), with the Partnership surviving the Merger as a subsidiary of Kick, (b) GP Merger Sub will merge with and into the General Partner (the “GP Merger”), with the General Partner surviving the GP Merger as a Subsidiary of Kick Services and (c) Unit Merger Sub will merge with and into the Partnership (the “Unit Merger” and together with the GP Merger and Stock Merger, the “Mergers”), with the Partnership surviving the Unit Merger as a subsidiary of Kick Services;
WHEREAS, as of the date hereof, each Unitholder either directly or through one of its wholly owned Subsidiaries is the record and beneficial owner of, and has the right to vote (including to act by written consent) and dispose of the number of Partnership Common Units set forth opposite such Unitholder’s name on Exhibit A (the “Existing Units”);
WHEREAS, as of the date hereof, the Unitholder (or one of its Affiliates) is the record and beneficial owner of, and has the right to vote (including to act by written consent) and dispose of all of the GP Membership Interests (the “Existing GP Membership Interests”);
WHEREAS, as of the date hereof, the General Partner is the record and beneficial owner of the Partnership GP Interest; and
WHEREAS, as a material inducement to Kick to enter into the Merger Agreement, Kick has requested each Unitholder to agree, and each Unitholder has agreed, to enter into this Agreement and abide by the covenants and obligations set forth herein with respect to the Covered Units, Existing GP Membership Interests and the Partnership GP Interest.
NOW THEREFORE, in consideration of the foregoing and the mutual representations, warranties, covenants and agreements herein contained, and intending to be legally bound hereby, the parties hereto agree as follows: