Exhibit 10.1
Confidential Treatment has been requested for the redacted portions of this
agreement. The redactions are indicated with six asterisks (******). A complete
version of this agreement has been filed separately with the Securities and
Exchange Commission.
FIRST AMENDMENT
TO
SECOND AMENDED AND RESTATED OMNIBUS AGREEMENT
AMONG
EXTERRAN HOLDINGS, INC.
EXTERRAN ENERGY SOLUTIONS, L.P.
EXTERRAN GP LLC
EXTERRAN GENERAL PARTNER, L.P.
EXTERRAN PARTNERS, L.P.
AND
EXLP OPERATING LLC

 

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FIRST AMENDMENT TO
SECOND AMENDED AND RESTATED
OMNIBUS AGREEMENT
     This First Amendment (this “Amendment”) to the Second Amended and Restated
Omnibus Agreement is entered into on, and effective as of, August 11, 2010 (the
“Effective Date”), and is by and among Exterran Holdings, Inc., a Delaware
corporation (“Exterran”), Exterran Energy Solutions, L.P., a Delaware limited
partnership (“EESLP”), Exterran GP LLC, a Delaware limited liability company
(“GP LLC”), Exterran General Partner, L.P., a Delaware limited partnership (the
“General Partner”), Exterran Partners, L.P., a Delaware limited partnership (the
“Partnership”), and EXLP Operating LLC, a Delaware limited liability company
(the “Operating Company”). The above-named entities are sometimes referred to in
this Amendment collectively as the “Parties.”
RECITALS:
     The Parties entered into that certain Second Amended and Restated Omnibus
Agreement dated as of November 10, 2009 (the “Omnibus Agreement”).
     The Parties desire to amend the Omnibus Agreement to (i) extend the Limit
Period as defined in Section 1.1 of the Omnibus Agreement and (ii) restate
Schedules A, B, C and D to, among other things, reflect the Exterran Customers,
Exterran Overlapping Customers, Partnership Customers and Partnership
Overlapping Customers, respectively, upon contribution of certain compression
services agreements and compression equipment to the Partnership in the
transaction contemplated by that certain Contribution, Conveyance and Assumption
Agreement by and among EESLP, EES Leasing LLC, EXH GP LP LLC, GP LLC, EXH MLP LP
LLC, the General Partner, the Operating Company, EXLP Leasing LLC and the
Partnership, dated as of July 26, 2010.
     The Conflicts Committee of the Board of Directors of GP LLC has approved
the form, terms and substance of this Amendment in accordance with the
requirements set forth in Section 8.6 of the Omnibus Agreement.

 

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     For good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, the Parties hereby agree as follows:
     1. Omnibus Agreement Amendment.
     (a) The definition of “Limit Period” in Section 1.1 of the Omnibus
Agreement is hereby replaced in its entirety with the following:
     “ “Limit Period” means the period commencing on the Effective Date and
ending on December 31, 2011.”
     (b) The Omnibus Agreement is hereby amended by replacing Schedules A, B, C
and D with the respective schedules attached to this Amendment.
     2. Acknowledgement. Except as amended hereby, the Omnibus Agreement shall
remain in full force and effect as previously executed, and the Parties hereby
ratify the Omnibus Agreement as amended hereby.
     3. Counterparts. This Amendment may be executed in one or more
counterparts, all of which shall be considered one and the same agreement, and
shall become effective when one or more counterparts have been signed by each of
the Parties hereto and delivered (including by facsimile) to the other Parties.
[Signature page follows.]

 

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     IN WITNESS WHEREOF, the Parties have executed this Amendment on, and
effective as of, the date first set forth above.

            EXTERRAN HOLDINGS, INC.
      By:   /s/ Ernie L. Danner        Name:   Ernie L. Danner        Title:  
President and Chief Executive Officer          EXTERRAN ENERGY SOLUTIONS, L.P.
      By:   /s/ Ernie L. Danner        Name:   Ernie L. Danner        Title:  
President and Chief Executive Officer          EXTERRAN GP LLC
      By:   /s/ David S. Miller        Name:   David S. Miller        Title:  
Vice President and Chief Financial Officer          EXTERRAN GENERAL PARTNER,
L.P.
      By:   Exterran GP LLC,         its general partner            By:   /s/
David S. Miller        Name:   David S. Miller        Title:   Vice President
and Chief Financial Officer     

Signature Page
First Amendment to Second Amended and Restated Omnibus Agreement

 

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            EXTERRAN PARTNERS, L.P.
      By:   Exterran General Partner, L.P.,         its general partner         
  By:   Exterran GP LLC,         its general partner            By:   /s/ David
S. Miller        Name:   David S. Miller        Title:   Vice President and
Chief Financial Officer          EXLP OPERATING LLC
      By:   /s/ David S. Miller        Name:   David S. Miller        Title:  
Vice President and Chief Financial Officer     

Signature Page
First Amendment to Second Amended and Restated Omnibus Agreement

 

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Schedule A
Exterran Customers
******

 

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Schedule B
Exterran Overlapping Customers
******

 

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Schedule C
Partnership Customers
******

 

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Schedule D
Partnership Overlapping Customers
******