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.

 

EXECUTION VERSION

 

FOURTH AMENDMENT

 

TO

 

THIRD 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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FOURTH AMENDMENT TO

THIRD AMENDED AND RESTATED

OMNIBUS AGREEMENT

 

This Fourth Amendment (this “Amendment”) to the Third Amended and Restated
Omnibus Agreement is entered into on August 15, 2014, 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 Third Amended and Restated Omnibus
Agreement dated as of June 10, 2011, as amended by that certain First Amendment
to the Third Amended and Restated Omnibus Agreement dated as of March 8, 2012,
that certain Second Amendment to the Third Amended and Restated Omnibus
Agreement dated as of March 31, 2013 and that certain Third Amendment to the
Third Amended and Restated Omnibus Agreement dated as of April 10, 2014 (as so
amended, the “Omnibus Agreement”). Capitalized terms used but not defined herein
have the respective meanings set forth in the Omnibus Agreement.

 

The Parties desire to amend the Omnibus Agreement to evidence their agreement to
modify the fixed margin percentage set forth on Schedule 1.1 to the Omnibus
Agreement relating to the maximum purchase price to be paid by any member of the
Partnership Group for newly fabricated Compression Equipment from an Affiliate
of Exterran (other than any member of the Partnership Group).

 

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.

 

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 “Fixed Margin Amount” in
Section 1.1(b) is hereby replaced in its entirety with the following:

 

“‘Fixed Margin Amount’ means the amount resulting from the product of (i) the
Fabricated Cost and (ii) the percentage, expressed as a decimal, set forth on
Schedule 1.1 to this Agreement, which Schedule may be amended from time to time
with the approval of the Conflicts Committee; provided, that the Conflicts
Committee and representatives of Exterran shall review the Fixed Margin Amount
at least annually to determine whether an amendment to Schedule 1.1 is
appropriate.”

 

(b)                                 Schedule 1.1 is replaced in its entirety
with the attached Schedule 1.1.

 

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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.]

 

2

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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/ Daniel K. Schlanger

 

Name:

Daniel K. Schlanger

 

Title:

Senior Vice President, Operations Services

 

 

 

 

 

 

 

EXTERRAN ENERGY SOLUTIONS, L.P.

 

 

 

 

 

By:

/s/ Daniel K. Schlanger

 

Name:

Daniel K. Schlanger

 

Title:

Senior Vice President, Operations Services

 

 

 

 

 

 

 

EXTERRAN GP LLC

 

 

 

 

 

By:

/s/ David S. Miller

 

Name:

David S. Miller

 

Title:

Senior 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:

Senior Vice President and Chief Financial Officer

 

[Signature page to the Fourth Amendment to the Third Amended and Restated
Omnibus Agreement]

 

3

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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:

Senior Vice President and Chief Financial Officer

 

 

 

 

 

 

 

EXLP OPERATING LLC

 

 

 

 

 

By:

/s/ David S. Miller

 

Name:

David S. Miller

 

Title:

Senior Vice President and Chief Financial Officer

 

[Signature page to the Fourth Amendment to the Third Amended and Restated
Omnibus Agreement

 

4

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Schedule 1.1

 

Fixed Margin Percentage

 

******, effective as of July 1, 2014

 

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