X0306 4 2019-08-14 0 0001587246 Cypress Energy Partners, L.P. CELP 0001195174 BOYLAN PETER C C/O CYPRESS ENERGY PARTNERS, L.P. 5727 S. LEWIS AVENUE, SUITE 300 TULSA OK 74105 0 1 0 0 SEE REMARKS Phantom Units (Limited Partner Interests) 2019-08-14 4 A 0 57500 A Common Units (Limited Partner Interests) 57500 57500 D Each phantom unit is the economic equivalent of one common unit. Vests in three substantially equal installments on April 1, 2022, April 1, 2023 and April 1, 2024, subject to the Reporting Person's continued service with the Issuer through the applicable vesting dates. The phantom units expire upon settlement. The phantom units are settled upon vesting in common units (on a one-for-one basis) or in cash, at the discretion of the Issuer. The Reporting Person is Chairman of the Board and Chief Executive Officer of Cypress Energy Partners GP, LLC, the general partner of the Issuer (the "General Partner"). The Issuer is managed by the directors and executive officers of the General Partner. /s/ Richard M. Carson, Attorney-in-Fact for Peter C. Boylan 2019-08-15