Exhibit
        10.6

   

  EXCELERATE
        ENERGY, INC. 

  EXECUTIVE
        SEVERANCE PLAN

   

  Section
        1. Purpose.

   

  The
      purpose of this Excelerate Energy, Inc. Executive Severance Plan, effective as of April 8, 2022, is to enable the Company and
      its subsidiaries to provide eligible employees with severance pay and benefits in the event their employment is involuntarily
      terminated without Cause. This Plan is intended to be an “employee welfare benefit plan” within the meaning of Section
      3(1) of ERISA and is maintained as an unfunded plan for the purpose of providing benefits to a select group of management or highly
      compensated employees within the meaning of 29 C.F.R. § 2520.104-24.

   

  Section
        2. Definitions.

   

  		a)	“Base Pay” means the annual base salary in effect for the Covered Executive immediately prior to termination of employment, and
            excludes any bonuses, incentive compensation or any other special payments.  


  

  		b)	“Board” means the Board of Directors of the Company.


  

  		c)	“Bonus” means the target annual cash bonus amount in effect for the Covered Executive, in accordance with the Company’s Short Term
            Incentive Plan, for the year in which the termination of employment occurs.


  

  		d)	“Cause” has the meaning set forth in a Covered Executive’s Participation Agreement, or, if none, means the Covered Executive:


  

  		i.	committing a serious act that constitutes fraud, theft or dishonesty;


  

  		ii.	engaging in misconduct or gross neglect that has caused or has the substantial potential to cause serious injury, monetary or reputational, to
            the Company or an affiliate;


  

  		iii.	being indicted, charged, convicted of or pleading guilty or “no contest” to a felony or any criminal act involving moral turpitude; or


  

  		iv.	ceasing to fulfill his or her duties under any agreement with the Company or an affiliate, materially breaching his or her obligations under
            any agreement with the Company or an affiliate or refusing or failing to carry out his or her duties under any agreement with the Company or an affiliate or to obey reasonable, ethical and legal orders or instructions from the Company.


  

  A
      Covered Executive’s employment or service will be deemed to have been terminated for Cause if it is determined subsequent
      to such Covered Executive’s termination of employment that grounds for a termination of employment for Cause existed at
      the time of such termination of employment, as determined by the Committee.

  

  		e)	“COBRA” means the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended, and any guidance and/or regulations promulgated
            thereunder.


  

  		f)	“Code” means the Internal Revenue Code of 1986, as amended, and any guidance and/or regulations promulgated thereunder.


  

  		g)	“Committee” means the Compensation Committee of the Board or another duly constituted committee of members of the Board designated by
            the Board to administer this Plan.


  

  		h)	“Company” means Excelerate Energy, Inc. and any successor corporation or other entity.


  

  		i)	“Covered Executive” means those officers or other management level employees of the Company and its subsidiaries designated by the
            Board or the Committee in its discretion to participate in this Plan who meet the eligibility requirements set forth in Section 3(a) of this Plan.


  

  		j)	“Disability” has the meaning set forth in a Covered Executive’s Participation Agreement, or, if none, means as determined by the
            Committee in good faith, the Covered Executive’s inability to perform the essential functions of the Covered Executive’s position because of physical or mental illness, incapacity or disability.


   

  
     

    
      

    

  

   

  		k)	“ERISA” means the Employee Retirement Income Security Act of 1974, as amended.


  

  		l)	“Participation Agreement” means an agreement between a Covered Executive and the Company that acknowledges the Covered Executive’s
            participation in this Plan.


   

  Section
        3. Eligibility. 

  

  		a)	A Covered Executive shall be eligible to participate in this Plan upon execution of a Participation Agreement with the Company in the form
            attached hereto as Exhibit B.


   

  		b)	A Covered Executive shall not be eligible for Severance Benefits under this Plan if:


  

  		i.	he or she does not meet eligibility criteria described in Section 3(a);


  

  		ii.	he or she voluntarily terminates employment with the Company and its subsidiaries for any reason, including retirement, resignation or job
            abandonment;


  

  		iii.	he or she terminates employment as a result of death or Disability;


  

  		iv.	his or her employment is terminated by the Company or its applicable subsidiary for Cause; or


  

  		v.	if he or she is eligible for severance pay and benefits under the Excelerate Energy, Inc. Change in Control Severance Plan.


   

  Section
        4. Severance Benefits. 

  

  A
      Covered Executive whose employment with the Company and its subsidiaries is terminated without Cause and who executes, within
      the time period specified therein, and does not revoke a Separation Agreement and Release of Claims in the form provided
      by the Company (the “Separation Agreement”) shall receive the following severance payments and benefits (the
      “Severance Benefits”):

   

  		a)	A lump sum cash payment, payable within 30 days following the date on which the Separation Agreement becomes effective and irrevocable (or if
            the period in which such Separation Agreement may become effective and irrevocable spans two calendar years, in the later calendar year), in an amount equal to the sum of the Covered Executive’s Base Pay and Bonus multiplied by the
            multiple set forth in Exhibit A for the Covered Executive’s role;


   

  		b)	A pro-rata Bonus for the year in which the Covered Executive’s termination of employment occurs (the “Pro-Rata Bonus”) equal the
            product of (i) the Covered Executive’s Bonus multiplied by (ii) a fraction, the numerator of which is that number of days the Covered Executive was employed by the Company and its subsidiaries’ during the year of termination and the denominator
            of which is the total number of days in such year. The Pro Rata Bonus shall be paid to the Covered Executive in a cash lump-sum within 30 days following the date on which the Separation Agreement becomes effective and irrevocable (or if the
            period in which such Separation Agreement may become effective and irrevocable spans two calendar years, in the later calendar year);


   

  		c)	Continued medical, dental and vision benefits coverage for the Covered Executive and his or her covered dependents for the number of months
            set forth in Exhibit A for the Covered Executive’s role; provided, that if the continued coverage contemplated hereunder cannot be provided under applicable Company plans or policies or would be discriminatory and would result in the
            imposition of excise taxes or other liabilities on the Company or its subsidiaries for failure to comply with any requirements of the Patient Protection and Affordable Care Act of 2010, as amended, and the Health Care and Education
            Reconciliation Act of 2010, as amended (to the extent applicable), or other applicable law, the Covered Executive shall instead receive a lump sum cash payment equal to the monthly COBRA premium amount for the Covered Executive and his or her
            covered dependents’ continuation of medical, dental and vision coverage multiplied by the number of months set forth in Exhibit A less any months of coverage previously provided pursuant to this Section 4(c); and


   

  
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  		d)	Outplacement services with a provider designated by the Company, provided that the cost of such reimbursement shall not exceed $10,000 and
            such services must be provided within six months following termination.


   

  Section
        5. Administration.

  

  		a)	This Plan shall be administered by the Committee in its sole and absolute discretion, and all determinations by the Committee shall be final,
            binding, and conclusive on all parties. The Company reserves the right to and may enhance a Covered Executive’s severance pay, in writing, in its sole discretion and without an amendment to this Plan, and may provide for other forms of
            severance pay or severance benefits.


   

  		b)	In the event of any conflict or inconsistency between another document and the terms of this Plan, the terms and conditions of this Plan shall
            govern and control, provided, however, that a Covered Executive’s Participation Agreement will govern their participation in this Plan to the extent of any conflict between a Participation Agreement and this Plan.


   

  		c)	The Committee shall have the authority, consistent with the terms of this Plan, to (i) designate Covered Executives, (ii) determine the terms
            and conditions relating to the Severance Benefit, if any, (iii) interpret, administer, reconcile any inconsistency, correct any defect and/or supply any omission in this Plan, (iv) establish, amend, suspend or waive any rules and procedures
            with respect to this Plan, and (v) make any other determination and take any other action that the Committee deems necessary or desirable for administration of this Plan, including, without limitation, the timing and amount of payments. The
            Committee may delegate to one or more of the officers of the Company the authority to act on behalf of the Committee.


   

  		d)	To the extent that any Covered Executive receives payment under the Plan in excess of the Severance Benefits to which he or she is entitled,
            the Covered Executive shall promptly return any excess to the Company upon request (to the fullest extent permitted by applicable law).


   

  Section
        6. Funding.

  

  The
      obligations of the Company under this Plan are not funded through contributions to a trust or otherwise, and all benefits shall
      be payable from the general assets of the Company. Nothing contained in this Plan shall give a Covered Executive any right, title
      or interest in any property of the Company. Covered Executives shall be mere unsecured creditors of the Company.

   

  Section
        7. Code Section 409A.

  

  		a)	Compliance. Notwithstanding anything herein to the contrary, this Plan is intended to be interpreted and applied so that the payments
            and benefits set forth herein either shall be exempt from the requirements of Code Section 409A or shall comply with the requirements of Code Section 409A, and, accordingly, to the maximum extent permitted, this Plan shall be interpreted to be
            exempt from or in compliance with Code Section 409A. To the extent that the Company determines that any provision of this Plan would cause a Covered Executive to incur any additional tax or interest under Code Section 409A, the Company shall be
            entitled to reform such provision to attempt to comply with or be exempt from Code Section 409A through good faith modifications. To the extent that any provision hereof is modified in order to comply with Code Section 409A, such modification
            shall be made in good faith and shall, to the maximum extent reasonably possible, maintain the original intent and economic benefit to Covered Executives and the Company without violating the provisions of Code Section 409A. Notwithstanding any
            of the foregoing to the contrary, none of the Company or its subsidiaries or affiliates or any of their officers, directors, members, employees, agents, advisors, predecessors, successors, or equity holders shall have any liability for the
            failure of this Plan to be exempt from, or to comply with, the requirements of Section 409A of the Code. Each payment and/or benefit provided hereunder shall be a payment in a series of separate payments for purposes of Code Section 409A.


   

  
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  		b)	Separation from Service. Notwithstanding anything in this Plan to the contrary, a termination of employment shall not be deemed to have
            occurred for purposes of any provision of this Plan unless such termination is also a “separation from service” within the meaning of Code Section 409A.


   

  		c)	Reimbursements. To the extent that any right to reimbursement of expenses or payment of any benefit in-kind under this Plan constitutes
            nonqualified deferred compensation (within the meaning of Code Section 409A),


  

  		i.	any such expense reimbursement shall be made by the Company no later than the last day of the taxable year following the taxable year in which
            such expense was incurred by the Covered Executive,


  

  		ii.	the right to reimbursement or in-kind benefits shall not be subject to liquidation or exchange for another benefit, and


  

  		iii.	the amount of expenses eligible for reimbursement or in-kind benefits provided during any taxable year shall not affect the expenses eligible
            for reimbursement or in-kind benefits to be provided in any other taxable year; provided, that the foregoing clause shall not be violated with regard to expenses reimbursed under any arrangement covered by Section 105(b) of the Code
            solely because such expenses are subject to a limit related to the period in which the arrangement is in effect.


   

  Section
        8. Amendment and Termination.

  

  The
      Committee may amend or terminate this Plan at any time, without notice, and for any or no reason, except as prohibited by law.
      No such action shall adversely affect the rights of any Covered Executive who has previously experienced a termination of employment
      without Cause without the Covered Executive’s written consent.

   

  Section
        9. Employment at Will.

  

  Nothing
      in this Plan or any other act of the Company shall be considered effective to change a Covered Executive’s status as an
      at-will employee or guarantee any duration of employment. Either the Company or a Covered Executive may terminate the employment
      relationship at any time, for any reason or no reason, and with or without advance notice.

   

  Section
        10. Transfer and Assignment; Effect of Death.

  

  In
      no event may any Covered Executive sell, transfer, anticipate, assign or otherwise dispose of any right or interest under this
      Plan. At no time will any such right or interest be subject to the claims of creditors nor liable to attachment, execution, or
      other legal process. If a Covered Executive dies prior to receiving full payment of benefits to which he or she is entitled, any
      unpaid benefits will be paid to the Covered Executive’s surviving spouse, or if the Covered Executive does not have a surviving
      spouse, to the Covered Executive’s estate. 

   

  
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  Section
        11. Severability.

  

  If
      any provision of this Plan is held invalid or unenforceable, its invalidity or unenforceability will not affect any other provision
      of this Plan, and this Plan will be construed and enforced as if such provision had not been included.

   

  Section
        12. Successors.

  

  Any
      successor to the Company of all or substantially all of the Company’s business and/or assets (whether direct or indirect
      and whether by purchase, merger, consolidation, liquidation or other transaction) will assume the obligations under this Plan
      and agree expressly to perform the obligations under this Plan in the same manner and to the same extent as the Company would
      be required to perform such obligations in the absence of a succession. For all purposes under this Plan, the term “Company”
      will include any successor to the Company’s business and/or assets which become bound by the terms of this Plan by operation
      of law, or otherwise.

   

  Section
        13. Withholding; Taxes.

  

  The
      Company shall withhold from Severance Benefits all federal, state and local income or other taxes required to be withheld therefrom
      and any other required payroll deductions.

   

  Section
        14. Compensation.

  

  Benefits
      payable hereunder shall not constitute compensation under any other plan or arrangement, except as expressly provided in such
      plan or arrangement.

   

  Section
        15. Entire Agreement.

  

  This
      Plan and a Covered Executive’s Participation Agreement represent the entire agreement of the Company and such Covered Executive
      with respect to the subject matter hereof and supersedes all prior understandings, whether written or oral.

   

  Section
        16. Governing Law.

  

  The
      provisions of this Plan will be construed, administered, and enforced in accordance with the laws of the State of Texas without
      regard to its choice of law provisions.

   

  Section
        17. Claims and Appeals.

   

  

  		a)	Claims Procedure. Any Covered Executive or other person who believes he or she is entitled to any payment under this Plan may submit a
            claim in writing to the Committee (or its authorized delegate). Such claim must be submitted within 90 days of the earlier of:


  

  		i.	the date the claimant learned the amount of his or her benefits under this Plan, or


  

  		ii.	the date the claimant learned that he or she will not be entitled to any benefits under this Plan. If the claim is denied (in full or in
            part), the claimant will be provided a written notice explaining the specific reasons for the denial and referring to the provisions of this Plan on which the denial is based. The notice also will describe any additional information needed to
            support the claim and this Plan’s procedures for appealing the denial. The denial notice will be provided within ninety (90) days after the claim is received. If special circumstances require an extension of time (up to ninety (90) days),
            written notice of the extension will be given within the initial ninety (90) day period. This notice of extension will indicate the special circumstances requiring the extension of time and the date by which the Committee expects to render its
            decision on the claim.


   

  
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  		b)	Appeal Procedure. If the claimant’s claim is denied, the claimant (or his or her authorized representative) may apply in writing to the
            Committee for a review of the decision denying the claim. Review must be requested within sixty (60) days following the date the claimant received the written notice of their claim denial or else the claimant loses the right to review. The
            claimant (or representative) then has the right to review and obtain copies of all documents and other information relevant to the claim, upon request and at no charge, and to submit issues and comments in writing. The Committee will provide
            written notice of its decision on review within sixty (60) days after it receives a review request. If additional time (up to sixty (60) days) is needed to review the request, the claimant (or representative) will be given written notice of the
            reason for the delay. This notice of extension will indicate the special circumstances requiring the extension of time and the date by which the Committee expects to render its decision. If the claim is denied (in full or in part), the claimant
            will be provided a written notice explaining the specific reasons for the denial and referring to the provisions of this Plan on which the denial is based. The notice also will include a statement that the claimant will be provided, upon
            request and free of charge, reasonable access to, and copies of, all documents and other information relevant to the claim and a statement regarding the claimant’s right to bring an action under Section 502(a) of ERISA.


   

  
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  Exhibit
          A 

  SEVERANCE
        BENEFITS

   

  The
      multiple that shall apply to the lump sum cash payment described in Section 4(a) of the Plan shall be as follows based on the
      Covered Executive’s role immediately prior to termination of employment:

   

  	Position	Cash
              Payment Multiple
	Chief Executive
            Officer	2X
	Chief Financial
            Officer	1.5X
	Chief Operations
            Officer	1.5X
	Chief Commercial
            Officer	1.5X
	General Counsel and
            Secretary	1.5X
	Chief Human Resources
            Officer 	1.5X
	All others (including
            Controller and Chief Accounting Officer)	1.0X


   

  The
      number of months applicable to the medical, dental and vision coverage benefit described in Section 4(c) of the Plan shall be
      as follows based on the Covered Executive’s role immediately prior to termination of employment:

   

  	Position	Months’
              Coverage
	Chief Executive
            Officer	24 months
	Chief Financial
            Officer	18 months
	Chief Operations
            Officer	18 months
	Chief Commercial
            Officer	18 months
	General Counsel and
            Secretary	18 months
	Chief Human Resources
            Officer 	18 months
	All others (including
            Controller and Chief Accounting Officer)	12 months


   

  
     

    
      

    

  

    

  

  Exhibit
          B

   

  PARTICIPATION
        AGREEMENT

   

  This
      Participation Agreement (this “Agreement”) is made and entered into by and _____________________ (the “Covered
        Executive”) and Excelerate Energy, Inc. (the “Company”). Capitalized terms used but not defined in
      this Agreement have the meanings ascribed to them in the Plan.

   

  The
      Company maintains the Excelerate Energy, Inc. Executive Severance Plan (as amended from time to time, the “Plan”).
      The Covered Executive agrees that the terms and conditions of the Plan and this Agreement govern the Covered Executive’s
      eligibility for any Severance Benefits provided under the Plan.

   

  By
      signing this Agreement, the Covered Executive acknowledges and agrees that he or she has received a copy of the Plan and has read
      and understood all of the terms and condition of the Plan. He or she agrees to participate in the Plan, and acknowledges and agrees
      that such participation is subject to the terms and conditions of the Plan.

   

  This
      Agreement shall be governed in all respects by the laws of the State of Texas without regard to the principles of conflict of
      law.

   

  This
      Agreement and the Plan represent the entire agreement between the Parties with respect to the subject matter hereof and may not
      be amended except in a writing signed by the Company and the Covered Executive. If any dispute should arise under this Agreement,
      it shall be settled in accordance with the terms of the Plan.

   

  IN
      WITNESS WHEREOF, the Executive and the Company hereto have executed this Agreement

   

  

  	 	Company Name	 	Covered Executive	 
	 	 	 	 	 	 	 
	 	By:	 	 	By:	 	 
	 	 	 	 	 	 	 
	 	Title:	 	 	Title:	 	 


   

  	 	Date:	 	 	 	Date: