| Item 1.01 | Entry into a Material Definitive Agreement |
As previously disclosed in the Current Report on Form 8-K of CSI Compressco LP (the “Partnership”) filed on November 16, 2021 with the Securities and Exchange Commission, the Partnership entered into a Contribution Agreement (the “Contribution Agreement”), dated November 10, 2021, by and among the Partnership, CSI Compressco GP LLC, a Delaware limited liability company and the general partner of the Partnership (the “General Partner”), Spartan Energy Partners, LP, a Delaware limited partnership, and CSI Compressco Sub Inc., a Delaware corporation. Pursuant to the terms of the Contribution Agreement, the General Partner, among other things, agreed to cancel its incentive distribution rights in the Partnership within 60 days of the date of the Contribution Agreement.
On January 6, 2022, the General Partner amended and restated the Second Amended and Restated Agreement of Limited Partnership of the Partnership in its entirety by executing the Third Amended and Restated Agreement of Limited Partnership of the Partnership (as amended, the “Third A&R Partnership Agreement”) to reflect, among other things, the cancellation and elimination of the incentive distribution rights.
The foregoing description is not complete and is subject to and qualified in its entirety by reference to the full text of the Third A&R Partnership Agreement, which is filed as Exhibit 3.1 to this Current Report on Form 8-K (this “Current Report”) and incorporated herein by reference.
| Item 5.03 | Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year |
As discussed in Item 1.01 above, the General Partner amended and restated the Second Amended and Restated Agreement of Limited Partnership of the Partnership by executing the Third A&R Partnership Agreement.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
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