X0306 4 2022-06-22 1 0001587246 Cypress Environmental Partners, L.P. CELP 0001596728 CARSON RICHARD M C/O CYPRESS ENVIRONMENTAL PARTNERS, L.P. 5727 S. LEWIS AVENUE, SUITE 300 TULSA OK 74105 0 1 0 0 See Remarks Common Units (Limited Partner Interests) 2022-06-22 4 D 0 78772 0.00 D 0 D Phantom Units (Limited Partner Interests) 2022-06-22 4 D 0 63401 0.00 D Common Units (Limited Partner Interests) 63401 0 D Unit Appreciation Right 2022-06-22 4 D 0 115000 0.00 D Common Units (Limited Partner Interests) 115000 0 D On May 8, 2022, Cypress Environmental Partners, L.P., a Delaware limited partnership (the "Issuer"), and certain of its subsidiaries (together with the Issuer, the "Company") commenced voluntary cases under chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas (the "Bankruptcy Court"). On June 21, 2022, the Bankruptcy Court entered an order an order confirming the Second Modified Joint Prepackaged Chapter 11 Plan of Reorganization of Cypress Environmental Partners, L.P. and its Debtor Affiliates (as amended, modified or supplemented from time to time, the "Plan"). On June 22, 2022 (the "Effective Date"), the Plan became effective in accordance with its terms and the Company emerged from chapter 11. (Continued from Footnote 1) On the Effective Date, all outstanding common units representing limited partner interests in the Issuer and all outstanding unit appreciation rights were cancelled and extinguished in accordance with the Plan approved by the Bankruptcy Court. Upon vesting, each phantom unit converts into a common unit on a one for one basis, or into cash, at the discretion of the Issuer. The phantom units expire upon settlement. Unit Appreciation Rights ("UARs") that vest represent the right to receive payment, in an amount equal to the excess, if any, of the fair market value of one Common Unit over the per Unit exercise price of the UAR upon exercise of the UAR. UARs vest into cash or common units (valued at the fair market value on the date of exercises), or a combination thereof, as determined by the Company. The Reporting Person is Senior Vice President and General Counsel of Cypress Environmental 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/ Jonathan M. Cinocca, Attorney-in-Fact for Richard M. Carson 2022-06-30