Document:

exv10w2

 

Exhibit 10.2

INDEMNIFICATION AGREEMENT

     This INDEMNIFICATION AGREEMENT made and entered into as of                      (“Agreement”),
by and between EXTERRAN HOLDINGS, INC., a Delaware corporation (“Company”), and
                     (“Indemnitee”).

W I T N E S S E T H:

     WHEREAS, highly skilled and competent persons are becoming more reluctant to serve public
corporations as directors or officers unless they are provided with adequate protection through
insurance and indemnification against inordinate risks of claims and actions against them arising
out of their service to and activities on behalf of a corporation; and

     WHEREAS, uncertainties relating to indemnification have increased the difficulty of attracting
and retaining such persons; and

     WHEREAS, the Board of Directors has determined that the inability to attract and retain such
persons is detrimental to the best interests of the Company’s stockholders and that the Company
should act to assure such persons that there will be increased certainty of such protection in the
future; and

     WHEREAS, while the Amended and Restated Bylaws of the Company (the “Bylaws”) require
indemnification of the officers and directors of the Company, the Bylaws and the General
Corporation Law of the State of Delaware (the “DGCL”) expressly provide that the indemnification
provisions set forth therein are not exclusive, and thereby contemplate that contracts may be
entered into between the Company and its directors, officers and other persons with respect to
indemnification; and

     WHEREAS, Indemnitee does not regard the protection available under the Bylaws and through
insurance as adequate in the present circumstances, and may not be willing to serve as an officer,
director, employee or agent without adequate protection, and the Company desires Indemnitee to
serve in one or more such capacities; and

     WHEREAS, it is reasonable, prudent and necessary for the Company contractually to obligate
itself to indemnify Indemnitee to the fullest extent permitted by applicable law so that Indemnitee
will serve or continue to serve the Company free from undue concern that Indemnitee will not be so
indemnified; and

     WHEREAS, Indemnitee is willing to serve and to take on additional service for or on behalf of
the Company on the condition that Indemnitee be so indemnified; and

 

 

     WHEREAS, this Agreement is a supplement to and in furtherance of the Bylaws and any
resolutions adopted pursuant thereto, and shall not be deemed a substitute therefor, nor to
diminish or abrogate any rights of Indemnitee thereunder.

     NOW, THEREFORE, in consideration of the premises and the covenants contained herein, the
Company and Indemnitee do hereby covenant and agree as follows:

     Section 1. Services by Indemnitee. Indemnitee agrees to serve as a director, officer,
employee or agent of the Company. This Agreement does not create or otherwise establish any right
on the part of Indemnitee to be and continue to be nominated to be a director, officer, employee or
agent of the Company and does not create an employment contract between the Company and Indemnitee.

     Section 2. Indemnification. The Company shall indemnify Indemnitee to the fullest
extent permitted by applicable law in effect on the date hereof or as such laws may from time to
time be amended. Without diminishing the scope of the indemnification provided by this Section 2,
the rights of indemnification of Indemnitee provided hereunder shall include but shall not be
limited to those rights, except to the extent expressly prohibited by applicable law.

     Section 3. Action or Proceeding Other Than an Action by or in the Right of the
Company. Indemnitee shall be entitled to the indemnification rights provided in this Section 3
if Indemnitee is a party to or participant in or is threatened to be made a party to or participant
in any threatened, pending or completed action, suit or proceeding, whether civil, criminal,
administrative or investigative in nature, other than an action by or in the right of the Company
to procure a judgment in its favor, by reason of the fact that Indemnitee is or was a director,
officer, employee, agent, or fiduciary of the Company or is or was serving at the request of the
Company as a director, officer, employee, agent, or fiduciary of any other entity or by reason of
anything done or not done by him or her in any such capacity. Pursuant to this Section 3,
Indemnitee shall be indemnified to the fullest extent permitted by applicable law against expenses
(including attorneys’ fees and disbursements), judgments, penalties, fines and amounts paid in
settlement actually and reasonably incurred by Indemnitee in connection with such action, suit or
proceeding (including, but not limited to, the investigation, defense or appeal thereof or any
claim, issue or matter therein), if Indemnitee acted in good faith and in a manner Indemnitee
reasonably believed to be in or not opposed to the best interests of the Company, and, with respect
to any criminal action or proceeding, had no reasonable cause to believe Indemnitee’s conduct was
unlawful.

     Section 4. Actions by or in the Right of the Company. Indemnitee shall be entitled to
the indemnification rights provided in this Section 4 if Indemnitee is a person who was or is made
a party to or participant in or is threatened to be made a party to or participant in any
threatened, pending or completed action or suit brought by or in the right of the Company to
procure a judgment in its favor by reason of the fact that Indemnitee is or was a director,
officer, employee, agent, or fiduciary of the Company or is or was serving at the request of the
Company as a director, officer, employee, agent, or fiduciary of any other entity by reason of
anything done or not done by Indemnitee in any such capacity. Pursuant to this Section 4,
Indemnitee shall be indemnified to the fullest extent permitted by applicable law against expenses
(including attorneys’ fees and disbursements) actually and reasonably incurred by Indemnitee in
connection

 

 

with such action or suit (including, but not limited to, the investigation, defense,
settlement or appeal thereof or any claim, issue or matter therein) if Indemnitee acted in good
faith and in a manner Indemnitee reasonably believed to be in or not opposed to the best interests
of the Company; provided, however, that no such indemnification shall be made in
respect of any claim, issue or matter as to which Indemnitee shall have been finally adjudged by a
court to be liable to the Company, unless, and only to the extent that, the Court of Chancery of
the State of Delaware or the court in which such action or suit was brought shall determine upon
application that, despite such adjudication of liability but in view of all the circumstances of
the case, Indemnitee is fairly and reasonably entitled to indemnification for such expenses which
such court shall deem proper.

     Section 5. Indemnification for Expenses of Successful Party. Notwithstanding the
other provisions of this Agreement, to the extent that Indemnitee has been successful on the merits
or otherwise in defense of any action, suit or proceeding referred to in Section 3 or 4 hereof, or
in defense of any claim, issue or matter therein, Indemnitee shall be indemnified against all
expenses (including attorneys’ fees and disbursements) actually and reasonably incurred by
Indemnitee or on Indemnitee’s behalf in connection therewith. For purposes of this Section and
Section 6 below, and without limitation, the termination of any claim, issue or matter in any such
action, suit or proceeding by dismissal, with or without prejudice, shall be deemed to be a
successful result as to such claim, issue or matter.

     Section 6. Partial Indemnification. If Indemnitee is only partially successful in the
defense, investigation, settlement or appeal of any action, suit, investigation or proceeding
described in Section 4 hereof, and as a result is not entitled under Section 5 hereof to
indemnification by the Company for the total amount of the expenses (including attorneys’ fees and
disbursements), judgments, penalties, fines, and amounts paid in settlement actually and reasonably
incurred by Indemnitee, the Company shall nevertheless indemnify Indemnitee, as a matter of right
pursuant to Section 5 hereof, to the extent Indemnitee has been partially successful. If the
Indemnitee is only partially successful in any such action, suit, investigation or proceeding, the
Company shall also indemnify Indemnitee, to the fullest extent permitted by applicable law, against
all expenses (including attorneys’ fees and disbursements) reasonably incurred in connection with a
claim, issue or matter related to any claim, issue or matter on which the Indemnitee was
successful.

     Section 7. Indemnification for Expenses of a Witness. To the extent that Indemnitee
is, by reason of Indemnitee’s Corporate Status (as hereinafter defined), a witness in any
proceeding, Indemnitee shall be indemnified by the Company against all expenses actually and
reasonably incurred by Indemnitee or on Indemnitee’s behalf in connection therewith.

     Section 8. Additional Indemnification.

     (a) Notwithstanding any limitation in Sections 3, 4, 5 or 6 hereof, the Company shall
indemnify Indemnitee to the fullest extent permitted by applicable law if Indemnitee is a party to
or threatened to be made a party to any action, suit or proceeding (including any action, suit or
proceeding by or in the right of the Company to procure a judgment in its favor) against all expenses, judgments, fines and amounts paid in settlement actually
and reasonably incurred by Indemnitee in connection with the action, suit or proceeding.

 

 

     (b) For purposes of Section 8(a), the meaning of the phrase “to the fullest extent permitted
by applicable law” shall include, but not be limited to:

     (i) to the fullest extent permitted by the provision of the DGCL that authorizes or
contemplates additional indemnification by agreement, or the corresponding provision of any
amendment to or replacement of the DGCL, and

     (ii) to the fullest extent authorized or permitted by any amendments to or replacements
of the DGCL adopted after the date of this Agreement that increase the extent to which a
corporation may indemnify its officers and directors.

     Section 9. Exclusions. Notwithstanding any provision of this Agreement, the Company
shall not be obligated under this Agreement to make any indemnity (and, with respect to clause (c)
below, advancement of expenses) in connection with any claim made against Indemnitee:

     (a) for which payment has actually been made to or on behalf of Indemnitee under any insurance
policy or other indemnity provision, except with respect to any excess beyond the amount paid under
any insurance policy or other indemnity provision; or

     (b) for (i) an accounting of profits made from the purchase and sale (or sale and purchase) by
Indemnitee of securities of the Company within the meaning of Section 16(b) of the Exchange Act (as
hereinafter defined) or similar provisions of state statutory law or common law, or (ii) any
reimbursement of the Company by the Indemnitee of any bonus or other incentive-based or
equity-based compensation or of any profits realized by the Indemnitee from the sale of securities
of the Company, as required in each case under the Exchange Act (including any such reimbursements
that arise from an accounting restatement of the Company pursuant to Section 304 of the
Sarbanes-Oxley Act of 2002 (the “Sarbanes-Oxley Act”), or the payment to the Company of profits
arising from the purchase and sale by Indemnitee of securities in violation of Section 306 of the
Sarbanes-Oxley Act), or

     (c) except as provided in Section 13 of this Agreement, in connection with any action, suit or
proceeding (or any part thereof) initiated by Indemnitee, including any action, suit or proceeding
(or any part thereof) initiated by Indemnitee against the Company or its directors, officers,
employees or other indemnitees, unless (i) the Board of Directors authorized the action, suit or
proceeding (or any part thereof) prior to its initiation or (ii) the Company provides the
indemnification or advancement of expenses, in its sole discretion, pursuant to the powers vested
in the Company under applicable law.

     Section 10. Determination of Entitlement to Indemnification.

     (a) Upon written request by Indemnitee for indemnification pursuant to Section 3 or 4 hereof,
the entitlement of the Indemnitee to indemnification pursuant to the terms of this Agreement shall
be determined by the following person or persons who shall be empowered to make such determination: (i) if a Change of Control shall have occurred, by
Independent Counsel (as hereinafter defined) in a written opinion to the Board of Directors, a copy
of which shall be delivered to Indemnitee, or (ii) if a Change of Control shall not have

 

 

occurred,
(A) by the Board of Directors, by a majority vote of the Disinterested Directors (as hereinafter
defined) even if less than a quorum; or (B) if there are no such Disinterested Directors or if such
Disinterested Directors so direct, by Independent Counsel in a written opinion to the Board of
Directors, a copy of which shall be delivered to Indemnitee; or (C) if so directed by the Board of
Directors, by the stockholders of the Company. Such determination of entitlement to
indemnification shall be made not later than 60 days after receipt by the Company of a written
request for indemnification. Such request shall include documentation or information which is
necessary for such determination and which is reasonably available to Indemnitee. To the fullest
extent not prohibited by law, any expenses (including attorneys’ fees) incurred by Indemnitee in
connection with Indemnitee’s request for indemnification hereunder shall be borne by the Company,
and the Company hereby indemnifies and agrees to hold Indemnitee harmless therefrom irrespective of
the outcome of the determination of Indemnitee’s entitlement to indemnification. If the person
making such determination shall determine that Indemnitee is entitled to indemnification as to part
(but not all) of the application for indemnification, such person shall reasonably prorate such
partial indemnification among such claims, issues or matters.

     (b) In the event the determination of entitlement to indemnification is to be made by
Independent Counsel pursuant to Section 10(a) hereof, the Independent Counsel shall be selected as
provided in this Section 10(b). If a Change of Control shall not have occurred, the Independent
Counsel shall be selected by the Board of Directors, and the Company shall give written notice to
Indemnitee advising Indemnitee of the identity of the Independent Counsel so selected. If a Change
of Control shall have occurred, the Independent Counsel shall be selected by Indemnitee (unless
Indemnitee shall request that such selection be made by the Board of Directors, in which event the
preceding sentence shall apply), and Indemnitee shall give written notice to the Company advising
it of the identity of the Independent Counsel so selected. In either event, Indemnitee or the
Company, as the case may be, may, within ten (10) days after such written notice of selection shall
have been given, deliver to the Company or to Indemnitee, as the case may be, a written objection
to such selection; provided, however, that such objection may be asserted only on the ground that
the Independent Counsel so selected does not meet the requirements of “Independent Counsel” as
defined herein, and the objection shall set forth with particularity the factual basis of such
assertion. Absent a proper and timely objection, the person so selected shall act as Independent
Counsel. If such written objection is so made and substantiated, the Independent Counsel so
selected may not serve as Independent Counsel unless and until such objection is withdrawn or a
court has determined that such objection is without merit. If, within twenty (20) days after the
later of submission by Indemnitee of a written request for indemnification pursuant to Section
10(a) hereof and the final disposition of the action, suit or proceeding, no Independent Counsel
shall have been selected and not objected to, either the Company or Indemnitee may petition a court
of competent jurisdiction for resolution of any objection which shall have been made by the Company
or Indemnitee to the other’s selection of Independent Counsel and/or for the appointment as
Independent Counsel of a person selected by the Court or by such other person as the Court shall
designate, and the person with respect to whom all objections are so resolved or the person so appointed shall act as Independent
Counsel under Section 10(a) hereof. Upon the due commencement of any judicial proceeding or
arbitration pursuant to Section 13 of this Agreement, Independent Counsel shall be discharged

 

 

and
relieved of any further responsibility in such capacity (subject to the applicable standards of
professional conduct then prevailing).

     Section 11. Presumptions and Effect of Certain Proceedings.

     (a) The Secretary of the Company shall, promptly upon receipt of Indemnitee’s request for
indemnification, advise in writing the Board of Directors or such other person or persons empowered
to make the determination as provided in Section 10 that Indemnitee has made such request for
indemnification. Upon making such request for indemnification, Indemnitee shall be presumed to be
entitled to indemnification hereunder and the Company shall have the burden of proof in the making
of any determination contrary to such presumption. If the person or persons so empowered to make
such determination shall have failed to make the requested indemnification within 60 days after
receipt by the Company of such request, the requisite determination of entitlement to
indemnification shall be deemed to have been made and Indemnitee shall be entitled to such
indemnification, to the fullest extent not prohibited by law and absent actual and material fraud
in the request for indemnification; provided, however, that such 60-day period may be extended for
a reasonable time, not to exceed an additional thirty (30) days, if the person or persons so
empowered to make the determination with respect to entitlement to indemnification in good faith
requires such additional time to obtain or evaluate documentation and/or information relating
thereto; and provided, further, that the foregoing provisions of this Section 11 shall not apply
(i) if the determination of entitlement to indemnification is to be made by the stockholders
pursuant to Section 10(a) of this Agreement and if (A) within fifteen (15) days after receipt by
the Company of the request for such determination the Board has resolved to submit such
determination to the stockholders for their consideration at an annual meeting thereof to be held
within seventy-five (75) days after such receipt and such determination is made thereat, or (B) a
special meeting of stockholders is called within fifteen (15) days after such receipt for the
purpose of making such determination, such meeting is held for such purpose within sixty (60) days
after having been so called and such determination is made thereat, or (ii) if the determination of
entitlement to indemnification is to be made by Independent Counsel pursuant to Section 10(a) of
this Agreement. The termination of any action, suit, investigation or proceeding described in
Section 3 or 4 hereof by judgment, order, settlement or conviction, or upon a plea of nolo
contendere or its equivalent, shall not, of itself: (x) create a presumption that Indemnitee did
not act in good faith and in a manner which Indemnitee reasonably believed to be in or not opposed
to the best interests of the Company, and, with respect to any criminal action or proceeding, that
Indemnitee had reasonable cause to believe that his or her conduct was unlawful; or (y) otherwise
adversely affect the rights of Indemnitee to indemnification except as may be provided herein or by
applicable law.

     (b) For purposes of any determination of good faith, Indemnitee shall be deemed to have acted
in good faith if Indemnitee’s action is based on the records or books of account of the Company
and/or its affiliates, including financial statements, or on information supplied to Indemnitee by
the officers of the Company and/or its affiliates in the course of their duties, or on the advice
of legal counsel for the Company and/or its affiliates or on information or records given or reports made to the Company and/or its affiliates by an independent certified
public accountant or by an appraiser or other expert selected with the reasonable care by the
Company and/or an affiliate thereof. The provisions of this Section 11(b) shall not be deemed to

 

 

be exclusive or to limit in any way the other circumstances in which the Indemnitee may be deemed
to have met the applicable standard of conduct set forth in this Agreement.

     (c) The knowledge and/or actions, or failure to act, of any director, officer, agent or
employee of the Company or any affiliate thereof shall not be imputed to Indemnitee for purposes of
determining the right to indemnification under this Agreement.

     Section 12. Advancement of Expenses. All reasonable expenses incurred by Indemnitee
(including attorneys’ fees, retainers and advances of disbursements required of Indemnitee) in
defending or otherwise participating in (including as a witness) any civil, criminal,
administrative or investigative action, suit or proceeding shall be paid by the Company in advance
of the final disposition of such action, suit or proceeding, at the request of Indemnitee within
twenty days after the receipt by the Company of a statement or statements from Indemnitee
requesting such advance or advances from time to time (whether prior to or after final disposition
of any action, suit or proceeding). Such statement or statements shall reasonably evidence the
expenses incurred by Indemnitee in connection therewith. The Indemnitee shall qualify for advances
upon the execution and delivery to the Company of this Agreement, which shall constitute an
undertaking by or on behalf of Indemnitee to repay such advances if it is ultimately determined
that Indemnitee is not entitled to be indemnified against such expenses and costs by the Company as
provided by this Agreement or otherwise. All advances provided to Indemnitee hereunder shall be
unsecured and interest free, and such advances shall be made without regard to Indemnitee’s ability
to repay the expenses and without regard to Indemnitee’s ultimate entitlement to indemnification
under the other provisions of this Agreement. Indemnitee’s entitlement to such expenses shall
include those incurred in connection with any proceeding by Indemnitee seeking an adjudication or
award in arbitration pursuant to Section 13 of this Agreement. The Company shall have the burden
of proof in any determination under this Section 12.

     Section 13. Remedies of Indemnitee in Cases of Determination Not to Indemnify or to
Advance Expenses. In the event that a determination is made that Indemnitee is not entitled to
indemnification hereunder or if payment has not been timely made following a determination of
entitlement to indemnification pursuant to Section 10 or 11, or if expenses are not advanced
pursuant to Section 12, Indemnitee shall be entitled to a final adjudication in the Delaware Court
of Chancery. Alternatively, Indemnitee, at Indemnitee’s option, may seek an award in arbitration
to be conducted by a single arbitrator pursuant to the rules of the American Arbitration
Association, such award to be made within sixty days following the filing of the demand for
arbitration. The Company shall not oppose Indemnitee’s right to seek any such adjudication or
award in arbitration or any other claim. Such judicial proceeding or arbitration shall be made
de novo and Indemnitee shall not be prejudiced by reason of a determination (if so
made) that Indemnitee is not entitled to indemnification. If a determination is made or deemed to
have been made pursuant to the terms of Section 10 or 11 hereof that Indemnitee is entitled to
indemnification, the Company shall be bound by such determination and is precluded from asserting
that such determination has not been made or that the procedure by which such determination was made is not valid, binding and enforceable. The Company further agrees to
stipulate in any such court or before any such arbitrator that the Company is bound by all the
provisions of this Agreement and is precluded from making any assertion to the contrary. If the

 

 

court or arbitrator shall determine that Indemnitee is entitled to any indemnification hereunder,
the Company shall, to the fullest extent not prohibited by applicable law, pay all expenses
(including attorneys’ fees and disbursements) actually incurred by Indemnitee in connection with
such adjudication or award in arbitration (including, but not limited to, any appellate
proceedings).

     Section 14. Other Rights to Indemnification. The indemnification and advancement of
expenses (including attorneys’ fees) provided by this Agreement shall not be deemed exclusive of
any other rights to which Indemnitee may now or in the future be entitled under any provision of
the by-laws, agreement, provision of the Certificate of Incorporation, as amended, vote of
stockholders or Disinterested Directors, provision of law, or otherwise; provided,
however, that this Agreement supersedes any other Agreement that has been entered into
between the Company and the Indemnitee which has as its principal purpose the indemnification by
the Company of Indemnitee.

     Section 15. Attorneys’ Fees and Other Expenses To Enforce Agreement. In the event
that Indemnitee is subject to or intervenes in any proceeding in which the validity or
enforceability of this Agreement is at issue or seeks an adjudication or award in arbitration to
enforce Indemnitee’s rights under, or to recover damages for breach of, this Agreement, Indemnitee,
if Indemnitee prevails in whole or in part in such action, shall be entitled to recover from the
Company and shall be indemnified by the Company against, any actual expenses for attorneys’ fees
and disbursements reasonably incurred by Indemnitee, provided that in bringing the
advancement action, Indemnitee acted in good faith.

     Section 16. Duration of Agreement. This Agreement shall continue until and terminate
upon the later of: (a) six (6) years after the date that Indemnitee shall have ceased to serve as a
director, officer, employee or agent of the Company or, at the request of the Company, as a
director, officer, employee or agent of another corporation, partnership, joint venture, trust
employee benefit plan or other enterprise or (b) one (1) year after the final termination of any
proceeding then pending in respect of which Indemnitee is granted rights of indemnification or
advancement of expenses hereunder and of any proceeding commenced by Indemnitee pursuant to this
Agreement relating thereto. This Agreement shall be binding upon the Company and its successors
and assigns (including any transferee of all or substantially all of its assets and any successor
by merger of operation of law) and shall inure to the benefit of Indemnitee and Indemnitee’s
spouse, assigns, heirs, devises, executors, administrators or other legal representatives.

     Section 17. Severability. If any provision or provisions of this Agreement shall be
held to be invalid, illegal or unenforceable for any reason whatsoever: (a) the validity, legality
and enforceability of the remaining provisions of this Agreement (including without limitation, all
portions of any paragraphs of this Agreement containing any such provision held to be invalid,
illegal or unenforceable, that are not themselves invalid, illegal or unenforceable) shall not in
any way be affected or impaired thereby; and (b) to the fullest extent possible, the provisions of this Agreement (including, without limitation, all portions of any section of
this Agreement containing any such provision held to be invalid, illegal or unenforceable, that are
not

 

 

themselves invalid, illegal or unenforceable) shall be construed so as to give effect to the
intent manifested by the provision held invalid, illegal or unenforceable.

     Section 18. Identical Counterparts. This Agreement may be executed in one or more
counterparts, each of which shall for all purposes be deemed to be an original but all of which
together shall constitute one and the same Agreement. Only one such counterpart signed by the
party against whom enforceability is sought needs to be produced to evidence the existence of this
Agreement.

     Section 19. Headings. The headings of the sections of this Agreement are inserted for
convenience only and shall not be deemed to constitute part of this Agreement or to affect the
construction thereof.

     Section 20. Definitions. For purposes of this Agreement:

          (a) “Beneficial Owner” shall have the meaning given to such term in Rule 13d-3 under the
Exchange Act; provided, however, that Beneficial Owner shall exclude any Person otherwise becoming
a Beneficial Owner by reason of the stockholders of the Company approving a merger of the Company
with another entity.

          (b) “Change of Control” of the Company shall mean:

     (i) The acquisition by any Person of beneficial ownership (within the meaning
of Rule 13d-3 promulgated under the Exchange Act) of 40% or more of either (A) the
then outstanding shares of common stock of the Company (the “Outstanding Company
Common Stock”) or (B) the combined voting power of the then outstanding voting
securities of the Company entitled to vote generally in the election of directors
(the “Outstanding Company Voting Securities”); provided, however, that for purposes
of this subsection (i), any acquisition by any Person pursuant to a transaction
which complies with clause (A) of subsection (iii) of this definition shall not
constitute a Change of Control; or

     (ii) Individuals, who, as of the date hereof, constitute the Board of Directors
(the “Incumbent Board”) cease for any reason to constitute at least a majority of
the Board of Directors; provided, however, that any individual becoming a director
subsequent to the date hereof whose election, or nomination for election by the
Company’s stockholders, was approved by a vote of at least a majority of the
directors then comprising the Incumbent Board shall be considered for purposes of
this definition as though such individual was a member of the Incumbent Board, but
excluding, for these purposes, any such individual whose initial assumption of
office occurs as a result of an actual or threatened election contest with respect
to the election or removal of directors or other actual or threatened solicitation of proxies or consents by or on behalf
of a Person other than the Board of Directors; or

 

 

     (iii) The consummation of a reorganization, merger or consolidation involving
the Company or any of its subsidiaries, or the sale, lease or other disposition of
all or substantially all of the assets of the Company and its subsidiaries, taken as
a whole (other than to an entity wholly owned, directly or indirectly, by the
Company) (each, a “Corporate Transaction”), in each case, unless, following such
Corporate Transaction, (A) all or substantially all of the individuals and entities
who were the beneficial owners of the Outstanding Company Common Stock and
Outstanding Company Voting Securities immediately prior to such Corporate
Transaction beneficially own, directly or indirectly, more than 60% of,
respectively, the then outstanding shares of common stock and the combined voting
power of the then outstanding voting securities entitled to vote generally in the
election of directors, as the case may be, of the Resulting Corporation in
substantially the same proportions as their ownership, immediately prior to such
Corporate Transaction, of the Outstanding Company Common Stock and the Outstanding
Company Voting Securities, as the case may be, and (B) at least a majority of the
members of the board of directors of the Resulting Corporation were members of the
Incumbent Board at the time of the execution of the initial agreement, or of the
action of the Board of Directors, providing for such Corporate Transaction.
Notwithstanding the foregoing, neither the sale, lease or other disposition of
assets by the Company or its subsidiaries to the Partnership or its subsidiaries or
their successors nor the sale, lease or other disposition of any interest in the
Partnership, its general partner or its subsidiaries or their successors shall, in
and of itself, constitute a Change of Control for purposes of this Agreement.

          (c) “Corporate Status” shall mean the status of a person who is or was a director, officer,
employee, agent or fiduciary of the Company or any majority-owned subsidiary or of any other
corporation, partnership, joint venture, trust, employee benefit plan or other enterprise that such
person is or was serving at the request of the Company.

          (d) “Disinterested Director” shall mean a director of the Company who is not or was not a
party to the action, suit, investigation or proceeding in respect of which indemnification is being
sought by Indemnitee.

          (e) “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended.

          (f) “Independent Counsel” means a law firm, or a member of a law firm, that is experienced in
matters of corporation law and neither presently is, nor in the past five years has been, retained
to represent: (i) the Company or Indemnitee in any matter material to either such party (other
than with respect to matters concerning the Indemnitee under this Agreement, or of other indemnitees under similar indemnification agreements), or (ii) any
other party to the proceeding giving rise to a claim for indemnification hereunder.
Notwithstanding the foregoing, the term “Independent Counsel” shall not include any person who,
under the applicable standards of professional conduct then prevailing, would have a

 

 

conflict of
interest in representing either the Company or Indemnitee in an action to determine Indemnitee’s
rights under this Agreement. The Company agrees to pay the reasonable fees and expenses of the
Independent Counsel referred to above and to fully indemnify such counsel against any and all
expenses, claims, liabilities and damages arising out of or relating to this Agreement or its
engagement pursuant hereto.

          (g) “Partnership” shall mean Exterran Partners, L.P. (formerly named Universal Compression
Partners, L.P.).

          (h) “Person” shall mean any individual, entity or group (within the meaning of Section
13(d)(3) or 14(d)(2) of the Exchange Act.

          (i) “Resulting Corporation” means (1) the Company or its successor, or (2) if as a result of a
Corporate Transaction the Company or its successor becomes a subsidiary of another entity, then
such entity or the parent of such entity, as applicable, or (3) in the event of a Corporate
Transaction involving the sale, lease or other disposition of all or substantially all of the
assets of the Company and its subsidiaries, taken as a whole, then the transferee of such assets or
the parent of such transferee, as applicable, in such Corporate Transaction.

     Section 21. Modification and Waiver. No supplement, modification or amendment of this
Agreement shall be binding unless executed in writing by both of the parties hereto. No waiver of
any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other
provisions hereof (whether or not similar) nor shall such waiver constitute a continuing waiver.

     Section 22. Notice by Indemnitee. (a) Indemnitee agrees promptly to notify the
Company in writing upon being served with any summons, citation, subpoena, complaint, indictment,
information or other document relating to any matter which may be subject to indemnification
covered hereunder, either civil, criminal, administrative, investigative or otherwise, provided,
however, that the failure to so notify the Company will not relieve the Company from any liability
it may have to Indemnitee except to the extent that such failure materially prejudices the
Company’s ability to defend such claim. With respect to any such action, suit, proceeding, inquiry
or investigation as to which Indemnitee notifies the Company of the commencement thereof:

               (i) The Company will be entitled to participate therein at its own expense; and

               (ii) Except as otherwise provided below, to the extent that it may wish, the Company jointly
with any other indemnifying party similarly notified will be entitled to assume the defense thereof, with counsel reasonably satisfactory to Indemnitee.
After notice from the Company to Indemnitee of its election so to assume the defense thereof, the
Company will not be liable to Indemnitee under this Agreement for any legal or other expenses
subsequently incurred by Indemnitee in connection with the defense thereof other than

 

 

reasonable
costs of investigation or as otherwise provided below. Indemnitee shall have the right to employ
Indemnitee’s own counsel in such action, suit, proceeding, inquiry or investigation, but the fees
and expenses of such counsel incurred after notice from the Company of its assumption of the
defense thereof shall be at the expense of Indemnitee and not subject to indemnification hereunder
unless (x) the employment of counsel by Indemnitee has been authorized by the Company; (y) in the
reasonable opinion of counsel to Indemnitee there is or may be a conflict of interest between the
Company and Indemnitee in the conduct of the defense of such action; or (z) the Company shall not
in fact have employed counsel to assume the defense of such action, in each of which cases the fees
and expenses of counsel shall be at the expense of the Company.

               (b) Neither the Company nor the Indemnitee shall settle any claim without the prior written
consent of the other (which shall not be unreasonably withheld).

     Section 23. Notices. All notices, requests, demands and other communications
hereunder shall be in writing and shall be deemed to have been duly given if (a) delivered by hand
and receipted for by the party to whom said notice or other communication shall have been directed
or if (b) mailed by certified or registered mail with postage prepaid, on the third business day
after the date on which it is so mailed:

     (i) If to Indemnitee, to the address set forth below his or her signature.

     (ii) If to the Company to:

Exterran Holdings, Inc.

4444 Brittmoore

Houston, Texas 77041

Attn: Chief Executive Officer

or to such other address as may have been furnished to Indemnitee by the Company or to the Company
by Indemnitee, as the case may be.

     Section 24. Contribution. To the fullest extent permissible under applicable law, if
the indemnification provided for in this Agreement is unavailable to Indemnitee for any reason
whatsoever, the Company, in lieu of indemnifying Indemnitee, shall contribute to the amount
incurred by Indemnitee, whether for judgments, fines, penalties, excise taxes, amounts paid or to
be paid in settlement and/or for expenses, in connection with any claim relating to an
indemnifiable event under this Agreement, in such proportion as is deemed fair and reasonable in
light of all of the circumstances of such action, suit or proceeding in order to reflect (i) the
relative benefits received by the Company and Indemnitee as a result of the event(s) and/or
transaction(s) giving cause to such action, suit or proceeding; and/or (ii) the relative fault of
the Company (and its directors, officers, employees and agents) and Indemnitee in connection with
such event(s) and/or transaction(s).

     Section 25. Governing Law; Consent to Jurisdiction. The parties agree that this
Agreement shall be governed by, and construed and enforced in accordance with, the laws of

 

 

the
State of Delaware, without regard to its conflict of laws rules. Except with respect to any
arbitration commenced by Indemnitee pursuant hereto, the Company and Indemnitee hereby irrevocably
and unconditionally (i) consent to the exclusive jurisdiction and venue of the federal and state
courts located in Houston, Texas, for any action or proceeding arising out of or in connection with
this Agreement, and agree that any such action or proceeding shall not be heard in any other state
or federal court in the United States of America or any court in any other country, (ii) waive any
objection to the laying of venue of any such action or proceeding in any such federal or state
court located in Houston, Texas, (iii) waive, and agree not to plead or to make, any claim that any
such action or proceeding brought in any such court has been brought in an improper or inconvenient
forum, (iv) waive the right to trial by jury in any such action or proceeding, and (v) consent to
service of process by first class certified mail, return receipt requested, postage prepaid, to the
address at which such party is to receive notice in accordance with Section 23.

     Section 26. Enforcement.

     (a) The Company expressly confirms and agrees that it has entered into this Agreement and
assumed the obligations imposed on it hereby in order to induce Indemnitee to serve as a director,
officer, employee or agent of the Company (or, at the request of the Company, as a director,
officer, employee or agent of another corporation, partnership, joint venture, trust employee
benefit plan or other enterprise), and the Company acknowledges that Indemnitee is relying upon
this Agreement in serving the Company in such capacity.

     (b) This Agreement constitutes the entire agreement between the parties hereto with respect to
the subject matter hereof and supersedes all prior agreements and understandings, oral, written and
implied, between the parties hereto with respect to the subject matter hereof; provided, however,
that this Agreement is a supplement to and in furtherance of the Certificate of Incorporation of
the Company, the Bylaws and applicable law, and shall not be deemed a substitute therefor, nor to
diminish or abrogate any rights of Indemnitee thereunder.

     Section 27. Miscellaneous. Use of the masculine pronoun shall be deemed to include
usage of the feminine pronoun where appropriate. The headings of the paragraphs of this Agreement
are inserted for convenience only and shall not be deemed to constitute part of this Agreement or
to affect the construction thereof.

 

 

     IN WITNESS WHEREOF, the parties hereto have executed this Agreement on the day and year first
above written.

	 	 	 	 	 
	 	EXTERRAN HOLDINGS, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 
	 	[NAME]

 

(Signature)

 	 
	 	 	 
	 	 	 
	 	 	 
	 	Address:exv10w3

 

EXHIBIT
10.3

SENIOR SECURED CREDIT AGREEMENT

Dated as of August 20, 2007

Among

EXTERRAN HOLDINGS, INC.,

as US Borrower and Canadian Guarantor,

EXTERRAN CANADA, LIMITED PARTNERSHIP,

as Canadian Borrower,

WACHOVIA BANK, NATIONAL ASSOCIATION,

as US Administrative Agent,

WACHOVIA CAPITAL FINANCE CORPORATION (CANADA),

as Canadian Administrative Agent,

JPMORGAN CHASE BANK, N.A.,

as Syndication Agent,

BANK OF AMERICA, N.A., CALYON NEW YORK BRANCH AND

FORTIS CAPITAL CORP.,

as Documentation Agents,

AND

THE LENDERS SIGNATORY HERETO

Arranged by:

WACHOVIA CAPITAL MARKETS, LLC AND J.P. MORGAN SECURITIES INC.,

as Joint Lead Arrangers and Joint Book Runners

$1,650,000,000 Senior Secured Credit Facilities

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page	 
	ARTICLE I Definitions and Accounting Matters
	 	 	2	 
	Section 1.01 Terms Defined Above
	 	 	2	 
	Section 1.02 Certain Defined Terms
	 	 	2	 
	Section 1.03 Accounting Terms and Determinations
	 	 	36	 
	Section 1.04 Terms Generally; Rules of Construction
	 	 	36	 
	 
	 	 	 	 
	ARTICLE II Commitments
	 	 	37	 
	Section 2.01 Loans and Letters of Credit
	 	 	37	 
	Section 2.02 Borrowings, Continuations and Conversions, Letters of Credit
	 	 	42	 
	Section 2.03 Changes of Commitments
	 	 	44	 
	Section 2.04 Fees
	 	 	49	 
	Section 2.05 Several Obligations
	 	 	50	 
	Section 2.06 Notes
	 	 	50	 
	Section 2.07 Prepayments
	 	 	51	 
	Section 2.08 Lending Offices
	 	 	53	 
	Section 2.09 Assumption of Risks
	 	 	53	 
	Section 2.10 Obligation to Reimburse and to Prepay
	 	 	54	 
	Section 2.11 Bankers’ Acceptances and BA Equivalent Loans
	 	 	57	 
	 
	 	 	 	 
	ARTICLE III Payments of Principal and Interest
	 	 	62	 
	Section 3.01 Repayment of Loans
	 	 	62	 
	Section 3.02 Interest
	 	 	63	 
	 
	 	 		 
	ARTICLE IV Payments; Pro Rata Treatment; Computations; Etc.
	 	 	65	 
	Section 4.01 Payments
	 	 	65	 
	Section 4.02 Pro Rata Treatment
	 	 	66	 
	Section 4.03 Computations
	 	 	66	 
	Section 4.04 Agent Reliance
	 	 	67	 
	Section 4.05 Set-off, Sharing of Payments, Etc.
	 	 	67	 
	Section 4.06 Taxes
	 	 	68	 
	 
	 	 	 	 
	ARTICLE V Capital Adequacy
	 	 	72	 
	Section 5.01 Additional Costs
	 	 	72	 
	Section 5.02 Limitation on US Dollar LIBOR Loans
	 	 	74	 
	Section 5.03 Illegality
	 	 	74	 
	Section 5.04 US Dollar Base Rate Loans Pursuant to Sections 5.01, 5.02 and 5.03
	 	 	75	 
	Section 5.05 Compensation
	 	 	75	 
	Section 5.06 Replacement Lenders
	 	 	76	 
	 
	 	 	 	 
	ARTICLE VI Conditions Precedent
	 	 	77	 
	Section 6.01 Initial Funding Date Effectiveness
	 	 	77	 
	Section 6.02 Loans and Letters of Credit
	 	 	81	 

-i-

 

	 	 	 	 	 
	 	 	Page	 
	Section 6.03 Conditions Precedent to Commitment Increases and Additional Term Loans
	 	 	 	 
	 
	 	 	81	 
	ARTICLE VII Representations and Warranties of US Borrower
	 	 	82	 
	Section 7.01 Legal Existence
	 	 	82	 
	Section 7.02 Financial Condition
	 	 	82	 
	Section 7.03 Litigation
	 	 	83	 
	Section 7.04 No Breach
	 	 	83	 
	Section 7.05 Authority
	 	 	83	 
	Section 7.06 Approvals
	 	 	84	 
	Section 7.07 Use of Loans
	 	 	84	 
	Section 7.08 ERISA
	 	 	84	 
	Section 7.09 Taxes
	 	 	85	 
	Section 7.10 Titles, Etc.
	 	 	85	 
	Section 7.11 No Material Misstatements
	 	 	85	 
	Section 7.12 Investment Company Act
	 	 	86	 
	Section 7.13 Anti-Terrorism Law
	 	 	86	 
	Section 7.14 Subsidiaries
	 	 	86	 
	Section 7.15 Location of Business and Offices
	 	 	87	 
	Section 7.16 Defaults
	 	 	87	 
	Section 7.17 Environmental Matters
	 	 	87	 
	Section 7.18 Compliance with the Law
	 	 	88	 
	Section 7.19 Hedging Agreements
	 	 	88	 
	Section 7.20 Restriction on Liens
	 	 	88	 
	 
	 	 	 	 
	ARTICLE VIII Representations and Warranties of Canadian Borrower
	 	 	88	 
	Section 8.01 Legal Existence
	 	 	88	 
	Section 8.02 No Breach
	 	 	89	 
	Section 8.03 Authority
	 	 	89	 
	Section 8.04 Approvals
	 	 	89	 
	Section 8.05 Defaults
	 	 	89	 
	Section 8.06 Income Tax Act (Canada)
	 	 	89	 
	Section 8.07 Use of Loans
	 	 	90	 
	Section 8.08 Canadian Taxes
	 	 	90	 
	Section 8.09 Location of Business; Names
	 	 	90	 
	Section 8.10 Canadian Welfare and Pension Plans
	 	 	90	 
	 
	 	 	 	 
	ARTICLE IX Affirmative Covenants
	 	 	91	 
	Section 9.01 Reporting Requirements
	 	 	91	 
	Section 9.02 Litigation
	 	 	92	 
	Section 9.03 Maintenance, Etc.
	 	 	92	 
	Section 9.04 Environmental Matters
	 	 	93	 
	Section 9.05 Further Assurances
	 	 	94	 
	Section 9.06 Performance of Obligations
	 	 	94	 
	Section 9.07 Collateral and Guaranties
	 	 	94	 
	Section 9.08 Notice of an ERISA Event
	 	 	99	 
	Section 9.09 Ownership of the General Partner
	 	 	99	 
	Section 9.10 Existing Indebtedness
	 	 	99	 

-ii- 

 

	 	 	 	 	 
	 	 	Page	 
	ARTICLE X Negative Covenants
	 	 	100	 
	Section 10.01 Debt
	 	 	100	 
	Section 10.02 Liens
	 	 	102	 
	Section 10.03 Investments
	 	 	103	 
	Section 10.04 Dividends, Distributions and Redemptions
	 	 	104	 
	Section 10.05 Subsidiaries
	 	 	104	 
	Section 10.06 Nature of Business
	 	 	105	 
	Section 10.07 The General Partner
	 	 	105	 
	Section 10.08 Mergers, Etc.
	 	 	105	 
	Section 10.09 Proceeds of Loans; Letters of Credit
	 	 	105	 
	Section 10.10 Negative Pledge Agreements
	 	 	105	 
	Section 10.11 Sale or Discount of Receivables
	 	 	106	 
	Section 10.12 Fiscal Year Change
	 	 	106	 
	Section 10.13 Certain Financial Covenants
	 	 	106	 
	Section 10.14 Sale of Properties
	 	 	106	 
	Section 10.15 Environmental Matters
	 	 	108	 
	Section 10.16 Transactions with Affiliates
	 	 	108	 
	 
	 	 	 	 
	ARTICLE XI Events of Default; Remedies
	 	 	109	 
	Section 11.01 Events of Default
	 	 	109	 
	Section 11.02 Remedies
	 	 	111	 
	Section 11.03 Letters of Credit
	 	 	113	 
	 
	 	 	 	 
	ARTICLE XII The Administrative Agent
	 	 	114	 
	Section 12.01 Appointment, Powers and Immunities of the Administrative Agents
	 	 	114	 
	Section 12.02 Reliance by the Administrative Agents
	 	 	115	 
	Section 12.03 Defaults
	 	 	115	 
	Section 12.04 Rights as a Lender
	 	 	115	 
	Section 12.05 Indemnification
	 	 	115	 
	Section 12.06 Non-Reliance on the Administrative Agents and other Lenders
	 	 	116	 
	Section 12.07 Action by the Administrative Agents
	 	 	116	 
	Section 12.08 Resignation or Removal of the Administrative Agents
	 	 	117	 
	Section 12.09 Notification by US Administrative Agent
	 	 	117	 
	Section 12.10 Syndication Agent, Joint Lead Arrangers, Joint Book Runners,
Documentation Agents
	 	 	118	 
	 
	 	 	 	 
	ARTICLE XIII Miscellaneous
	 	 	118	 
	Section 13.01 Waiver
	 	 	118	 
	Section 13.02 Notices
	 	 	118	 
	Section 13.03 Payment of Expenses, Indemnities, etc.
	 	 	119	 
	Section 13.04 Amendments, Etc.
	 	 	121	 
	Section 13.05 Successors and Assigns
	 	 	122	 
	Section 13.06 Assignments and Participations
	 	 	122	 
	Section 13.07 Invalidity
	 	 	124	 

-iii- 

 

	 	 	 	 	 
	 	 	Page	 
	Section 13.08 Counterparts
	 	 	124	 
	Section 13.09 USA Patriot Act Notice
	 	 	125	 
	Section 13.10 Survival
	 	 	125	 
	Section 13.11 Restatement
	 	 	125	 
	Section 13.12 No Oral Agreements
	 	 	125	 
	Section 13.13 Governing Law; Submission to Jurisdiction
	 	 	125	 
	Section 13.14 Interest
	 	 	126	 
	Section 13.15 Confidentiality
	 	 	127	 
	Section 13.16 Effectiveness
	 	 	128	 
	Section 13.17 Exculpation Provisions
	 	 	128	 
	Section 13.18 Hedging Agreements and Treasury Management Agreements
	 	 	129	 
	 
	 	 	 	 
	ARTICLE XIV GUARANTY
	 	 	129	 
	Section 14.01 The Guaranty
	 	 	129	 
	Section 14.02 Subrogation
	 	 	130	 

EXHIBITS AND SCHEDULES

	 	 	 	 	 
	Exhibit A-1

	 	-
	 	Form of US Revolving Note
	Exhibit A-2

	 	-
	 	Form of Canadian Revolving Note
	Exhibit A-3

	 	-
	 	Form of Term Note
	Exhibit A-4

	 	-
	 	Form of BA Equivalent Note
	Exhibit B-1

	 	-
	 	Form of US Borrowing, Continuation and Conversion Request
	Exhibit B-2

	 	-
	 	Form of Canadian Borrowing, Continuation and Conversion Request
	Exhibit C-1

	 	-
	 	Form of Compliance Certificate (Condition to Close)
	Exhibit C-2

	 	-
	 	Form of Compliance Certificate (Ongoing)
	Exhibit D

	 	-
	 	List of Security Instruments
	Exhibit E

	 	-
	 	Form of Assignment Agreement
	Exhibit F

	 	-
	 	Form of Letter of Credit Application
	Exhibit G

	 	-
	 	Form of Account Designation Letter
	Exhibit H-1

	 	-
	 	Form of Commitment Increase Certificate
	Exhibit H-2

	 	-
	 	Form of Additional Lender Certificate
	 
	Schedule 1.02

	 	-
	 	Existing Indebtedness
	Schedule 2.01(b)

	 	-
	 	Existing Letters of Credit
	Schedule 6.01(j)

	 	-
	 	Excepted Property
	Schedule 7.02

	 	-
	 	Liabilities
	Schedule 7.03

	 	-
	 	Litigation
	Schedule 7.09

	 	-
	 	Taxes
	Schedule 7.10

	 	-
	 	Titles, Etc.
	Schedule 7.14

	 	-
	 	Subsidiaries
	Schedule 7.19

	 	-
	 	Hedging Agreements
	Schedule 7.20

	 	-
	 	Restriction on Liens
	Schedule 8.08

	 	-
	 	Canadian Taxes
	Schedule 8.09

	 	-
	 	Location of Canadian Personal Property
	Schedule 9.07(a)

	 	-
	 	US Excluded Collateral

-iv- 

 

	 	 	 	 	 
	Schedule 9.07(b)

	 	-
	 	Canadian Excluded Collateral
	Schedule 10.01

	 	-
	 	Debt
	Schedule 10.02

	 	-
	 	Liens
	Schedule 10.03

	 	-
	 	Investments, Loans and Advances
	Schedule 10.05

	 	-
	 	Unrestricted Subsidiaries
	Schedule 10.14(j)

	 	-
	 	Permitted Property Sales
	Schedule 10.16

	 	-
	 	Transactions with Affiliates

-v- 

 

     THIS SENIOR SECURED CREDIT AGREEMENT dated as of August 20, 2007, is among: EXTERRAN
HOLDINGS, INC., a Delaware corporation (the “US Borrower” and sometimes referred to herein
as “Holdco”, and in its capacity as guarantor of the Canadian Tranche Loans, a
“Canadian Guarantor”); EXTERRAN CANADA, LIMITED PARTNERSHIP (formerly, Universal
Compression Canada, Limited Partnership), a Nova Scotia limited partnership (the “Canadian
Borrower”); WACHOVIA BANK, NATIONAL ASSOCIATION, individually and as US administrative agent
for the Lenders (herein, together with its successors in such capacity, the “US Administrative
Agent” and sometimes referred to herein as “Wachovia”); WACHOVIA CAPITAL FINANCE
CORPORATION (CANADA), individually and as Canadian administrative agent for the Lenders (herein,
together with its successors in such capacity, the “Canadian Administrative Agent”);
JPMORGAN CHASE BANK, N.A., individually and as syndication agent (herein, together with its
successors in such capacity, the “Syndication Agent” and sometimes referred to herein as
“JPMorgan”); WACHOVIA CAPITAL MARKETS, LLC (“Wachovia Securities”) and J.P. MORGAN
SECURITIES INC. (“JPMSI” and together with Wachovia Securities and their successors in such
capacity, the “Joint Lead Arrangers” and “Joint Book Runners”); BANK OF AMERICA,
N.A., CALYON NEW YORK BRANCH and FORTIS CAPITAL CORP. (together with their successors in such
capacity, the “Documentation Agents”); and each of the lenders that is a signatory hereto
or which becomes a signatory hereto pursuant to Section 13.06 (individually, together with
its successors and assigns, a “Lender” and, collectively, the “Lenders”).

R E C I T A L S

     A. On February 5, 2007, Hanover Compressor Company (“Hanover”), Universal Compression
Holdings, Inc. (“Holdings”), Holdco (formerly known as Iliad Holdings, Inc.), Hector Sub,
Inc. (“Hanover Merger Subsidiary”) and Ulysses Sub, Inc. (“Universal Merger
Subsidiary”) entered into that certain Agreement and Plan of Merger, as amended (the
“Merger Agreement”) pursuant to which the parties contemplate a merger and after such
merger Holdings will merge into the US Borrower with the US Borrower being the surviving entity
(collectively, the “Merger”).

     B. As contemplated in the Merger Agreement, on the effective date of the Merger (“Merger
Effective Date”), Holdings shall merge with and become the surviving entity of Universal Merger
Subsidiary and Hanover shall merge with and become the surviving entity of Hanover Merger
Subsidiary. Thereupon, the US Borrower shall merge with and become the surviving entity of
Holdings.

     C. In connection with the Merger, the Borrowers have requested the Lenders to provide certain
loans to and extensions of credit on behalf of the Borrowers.

     D. The Lenders have agreed to make such loans and extensions of credit subject to the terms
and conditions of this Agreement.

     E. In consideration of the mutual covenants and agreements herein contained and of the loans,
extensions of credit and commitments hereinafter referred to, the parties hereto agree as follows:

 

 

ARTICLE I

Definitions and Accounting Matters

     Section 1.01 Terms Defined Above. As used in this Senior Secured Credit Agreement, the terms “Canadian Administrative Agent,”
“Canadian Borrower,” “Documentation Agent,” “Hanover,” “Hanover Merger Subsidiary,” “Holdco,”
“Holdings,” “Joint Book Runners,” “Joint Lead Arrangers,” “JPMorgan,” “JPMSI,” “Lender,” “Lenders,”
“Merger,” “Merger Agreement,” “Merger Effective Date,” “Syndication Agent,” “Universal Merger
Subsidiary,” “US Administrative Agent,” “US Borrower,” “Wachovia” and “Wachovia Securities” shall
have the meanings indicated above.

     Section 1.02 Certain Defined Terms. As used herein, the following terms shall have the following meanings (all terms defined in this
ARTICLE I or in other provisions of this Senior Secured Credit Agreement in the singular to
have equivalent meanings when used in the plural and vice versa):

     “ABS Facility” shall mean that certain $800,000,000 asset backed securitization
facility under that certain Indenture dated as of August 20, 2007, between the ABS Subsidiaries and
Wells Fargo Bank, National Association, as Indenture Trustee, as amended, modified, supplemented,
restated, refinanced or replaced by another limited recourse facility from time to time;
provided that the ABS Facility may be increased on a one-time basis by an amount up to
$200,000,000 (the “ABS Facility Increase”); provided further that any
exercise of a Commitment Increase pursuant to Section 2.03(a) when combined with all
previous Commitment Increases exceeds $200,000,000 shall automatically and permanently reduce the
availability of the ABS Facility to exceed $800,000,000 by the excess of the total Commitment
Increases (including all previous Commitment Increases) over $200,000,000, and if the outstanding
amount under the ABS Facility is above $800,000,000, the ABS Facility shall automatically and
permanently be reduced by the excess of the total Commitment Increases (including all previous
Commitment Increases) over $200,000,000 (but in no event to less than $800,000,000) and any Debt
outstanding under the ABS Facility in excess of the amount so reduced shall be promptly repaid.

     “ABS Facility Excess Utilization” shall mean the borrowing of loans under the ABS
Facility in excess of $800,000,000 at any time outstanding.

     “ABS Facility Increase” shall have the meaning assigned such term in the definition of
ABS Facility.

     “ABS Subsidiary” shall mean Exterran ABS 2007 LLC, Exterran ABS Leasing 2007 LLC and
any other Subsidiary certified by the Borrowers to be involved in or created in connection with or
as a requirement of the ABS Facility and any Subsidiary of such Subsidiary.

     “Acceptance Date” shall mean any date, which must be a Business Day, on which a
Bankers’ Acceptance is or is to be issued or a BA Equivalent Loan is or is to be made.

     “Acceptance Fees” shall mean an amount for each Bankers’ Acceptance and BA Equivalent
Loan equal to the product of the Applicable Margin for Acceptance Fees times the Principal Amount
of such Bankers’ Acceptance or BA Equivalent Loan times the Term/365.

-2-

 

     “Accepting Lender” shall mean any Canadian Tranche Revolving Lender that has accepted
a Bankers’ Acceptance issued by (or advanced a BA Equivalent Loan to) the Canadian Borrower under
this Agreement.

     “Account Designation Letter” shall mean the Notice of Account Designation Letter dated
the Initial Funding Date from the US Borrower to the US Administrative Agent in substantially the
form attached hereto as Exhibit G.

     “Additional Lender” shall have the meaning assigned such term in Section
2.03(a)(i).

     “Additional Lender Certificate” shall have the meaning assigned such term in
Section 2.03(a)(ii)(C).

     “Additional Term Loan Borrowing” shall mean a Borrowing comprised of Additional Term
Loans.

     “Additional Term Loan Commitment” shall mean, with respect to each Additional Term
Loan Lender, the commitment of such Additional Term Loan Lender to make Additional Term Loans
pursuant to Section 2.01(a)(v), as such commitment may be (a) reduced or terminated from
time to time pursuant to Section 2.03(c) or 5.06 or ARTICLE XI, (b)
increased from time to time pursuant to Section 2.03(a) or (c) modified from time to time
to reflect any Assignments permitted under Section 13.06(b). The amount of each Additional
Term Loan Lender’s Additional Term Loan Commitment shall be the amount as agreed between the US
Administrative Agent and such Lender and on file with the US Administrative Agent.

     “Additional Term Loan Lender” shall mean a Term Loan Lender making an Additional Term
Loan.

     “Additional Term Loans” shall have the meaning assigned such term in Section
2.01(a)(v).

     “Adjusted EBITDA” shall mean, without duplication, for any Testing Period the sum of
(i) EBITDA of the US Borrower and its Consolidated Subsidiaries (excluding all Subsidiary EBITDA)
for such Testing Period (excluding transaction expenses incurred in connection with the Merger) and
(ii) cash from distributions attributable to the ownership of GP Interests, LP Units and IDRs
received by the US Borrower or its Restricted Subsidiaries during such Testing Period, on an
Annualized Basis and (iii) cash from distributions attributable to the ownership of Subordinated
Units received by the US Borrower and its Restricted Subsidiaries during such Testing Period, on an
Annualized Basis; provided that for so long as quarterly distributions on each Subordinated
Unit is less than $0.4025 (or such other amount as adjusted pursuant to the EPLP Partnership
Agreement), cash from distributions attributable to the ownership of Subordinated Units will be
limited to actual cash distributions received by the US Borrower and its Restricted Subsidiaries
from the Subordinated Units during such Testing Period. In each case, with respect to (ii) and
(iii) above, adjusted for any dividend restrictions imposed on EPLP under
its or any of its Subsidiaries’ credit facilities as if such dividend restriction was in
effect for the entire Testing Period.

-3-

 

     “Administrative Agents” shall mean collectively, the US Administrative Agent and the
Canadian Administrative Agent.

     “Affected Loans” shall have the meaning assigned such term in Section 5.04.

     “Affiliate” of any Person shall mean (a) any Person directly or indirectly controlled
by, controlling or under common control with such first Person, (b) any director or officer of such
first Person or of any Person referred to in clause (a) above and (c) if any Person in clause (a)
above is an individual, any member of the immediate family (including parents, spouse and children)
of such individual and any trust whose principal beneficiary is such individual or one or more
members of such immediate family and any Person who is controlled by any such member or trust. For
purposes of this definition, any Person which owns directly or indirectly 30% or more of the
securities having ordinary voting power for the election of directors or other governing body of a
corporation or 30% or more of the partnership or other ownership interests of any other Person
(other than as a limited partner of such other Person) will be deemed to “control” (including, with
its correlative meanings, “controlled by” and “under common control with”) such corporation or
other Person.

     “Agents” shall mean collectively, the Syndication Agent, the Documentation Agents and
the Administrative Agents.

     “Aggregate Commitments” shall mean collectively, the Aggregate Revolving Commitments
and the Aggregate Term Commitments.

     “Aggregate Credit Exposure” shall mean the aggregate Principal Amount of all Loans and
LC Exposure outstanding at such time.

     “Aggregate Revolving Commitments” at any time shall equal the sum of (a) the Aggregate
US Tranche Commitments and (b) the Canadian Allocated Aggregate Commitments. The initial Aggregate
Revolving Commitments are $850,000,000.

     “Aggregate Term Commitments” at any time shall equal the sum of (a) the Term
Commitments of all Term Loan Lenders and (b) the Additional Term Loan Commitments of all Additional
Term Loan Lenders. The initial Aggregate Term Commitments are $800,000,000.

     “Aggregate US Tranche Commitments” at any time shall equal the sum of the US Tranche
Commitments of all US Tranche Revolving Lenders. The initial Aggregate US Tranche Commitments are
$825,000,000.

     “Agreement” shall mean this Senior Secured Credit Agreement, as the same may from time
to time be amended or supplemented.

     “Alternate Currency” shall mean such foreign currencies which are readily convertible
into US Dollars and are acceptable to the US Administrative Agent.

     “Annualized Basis” shall mean the process of multiplying the amount of the cash
distributions received during the US Borrower’s most recent fiscal quarter by four.

-4-

 

     “Anti-Terrorism Laws” shall have the meaning assigned such term in Section
7.13(a).

     “Applicable Administrative Agent” shall mean (a) with respect to a Loan or Borrowing
made or a Letter of Credit issued under the US Tranche or the Term Loan Facility, the US
Administrative Agent and (b) with respect to a Loan or Borrowing made under the Canadian Tranche,
the Canadian Administrative Agent.

     “Applicable Borrower” shall mean (a) with respect to a Loan or Borrowing made or a
Letter of Credit issued under the US Tranche or the Term Loan Facility, the US Borrower and (b)
with respect to a Loan or Borrowing made under the Canadian Tranche, the Canadian Borrower.

     “Applicable Lenders” shall mean (a) with respect to a Loan or Borrowing made or a
Letter of Credit issued under the US Tranche, the US Tranche Revolving Lenders, (b) with respect to
a Loan or Borrowing made under the Canadian Tranche, the Canadian Tranche Revolving Lenders and (c)
with respect to a Loan or Borrowing made under the Term Loan Facility, the Term Loan Lenders.

     “Applicable Lending Office” shall mean, for each Lender and for each Type of Loan, the
lending office or branch of such Lender (or a Lender Affiliate) designated for such Type of Loan in
its administrative questionnaire on file with the Applicable Administrative Agent or such other
offices of such Lender (or of a Lender Affiliate) as such Lender may from time to time specify to
the Applicable Administrative Agent and the Applicable Borrower as the office by which its Loans of
such Type are to be made and maintained.

     “Applicable Margin” shall mean, with respect to the Revolving Credit Facility and the
Term Loan Facility, a percentage per annum determined by reference to the Index Debt Ratings by
Moody’s and S&P, respectively, applicable on such date, as set forth below:

	 	 	 	 	 	 	 
	 	 	Applicable Margin	 	 
	 	 	US Dollar LIBOR Loans,	 	 	 	 
	 	 	US Dollar LIBOR	 	US Dollar Base Rate	 	 
	 	 	Reference Rate Loans and	 	Loans and Canadian Prime	 	 
	Index Debt Rating	 	Acceptance Fees (bps)	 	Rate Loans (bps)	 	Commitment Fees (bps)
	Category 1	 	 	 	 	 	 
	BBB-/Baa3 or better
	 	65
	 	0
	 	12.5
	 	 	 	 	 	 	 
	Category 2	 	 	 	 	 	 
	BB+/Ba1
	 	82.5
	 	0
	 	17.5
	 	 	 	 	 	 	 
	Category 3	 	 	 	 	 	 
	BB/Ba2
	 	100
	 	0
	 	22.5
	 	 	 	 	 	 	 
	Category 4	 	 	 	 	 	 
	BB-/Ba3
	 	125
	 	25
	 	30
	 	 	 	 	 	 	 
	Category 5	 	 	 	 	 	 
	B+/B1
	 	150
	 	50
	 	35
	 	 	 	 	 	 	 
	Category 6	 	 	 	 	 	 
	B/B2 or worse
	 	175
	 	75
	 	35

-5-

 

     For purposes of determining the Applicable Margin, the US Borrower’s initial Index Debt
Rating will be Category 3 until October 1, 2007; and thereafter, the US Borrower’s Index Debt
Rating shall be established by Moody’s and S&P. If the Index Debt Ratings established or deemed to
have been established by Moody’s and S&P shall fall within different Categories, the Applicable
Margin shall be based (i) if the differential is one level, the lower number of the Categories, or
(ii) if the differential is more than one level, the Category number immediately higher than the
lowest. If the Index Debt Ratings established or deemed to have been established by Moody’s and
S&P shall change (other than as a result of a change in the rating system of Moody’s or S&P), such
change shall be effective as of the date on which it is first announced by the applicable rating
agency, irrespective of when notice of such change shall have been furnished by the US Borrower to
the US Administrative Agent pursuant to Section 9.01(f) or otherwise. Each change in the
Applicable Margin shall apply during the period commencing on the effective date of such change and
ending on the date immediately preceding the effective date of the next such change. If the rating
system of Moody’s or S&P shall change, or if either such rating agency shall cease to be in the
business of rating corporate debt obligations, the US Borrower and the US Tranche Revolving Lenders
and to the extent there are Aggregate Term Commitments outstanding, the Term Loan Lenders shall
negotiate in good faith to amend this definition to reflect such changed rating system or the
unavailability of ratings from such rating agency and, pending the effectiveness of any such
amendment, the Applicable Margin shall be determined by reference to the rating of such agency most
recently in effect prior to such change or cessation. For purposes of the foregoing, if both
Moody’s and S&P shall not have in effect an Index Debt Rating (other than by reason of the
circumstances referred to in the immediately preceding sentence of this definition), then such
agencies shall be deemed to have established an Index Debt Rating in Category 6.

     “Assignment” shall have the meaning assigned such term in Section 13.06(b).

     “BA Equivalent Loan” shall mean an advance in Canadian Dollars made by a Canadian
Tranche Revolving Lender to the Canadian Borrower evidenced by a BA Equivalent Note.

     “BA Equivalent Note” shall mean a promissory note executed and delivered by the
Canadian Borrower to a Canadian Tranche Revolving Lender in substantially the form of Exhibit
A-4 or by each Canadian Tranche Revolving Lender pursuant to the power of attorney in
Section 2.11(b).

     “BA Exposure” shall mean at any time, with respect to any Accepting Lender, the
aggregate Principal Amount of Bankers’ Acceptances and BA Equivalent Loans to be paid by the
Canadian Borrower to the Canadian Administrative Agent at the Canadian Principal Office for which
the Canadian Borrower has not reimbursed such Accepting Lender.

     “BA Maturity Date” shall mean the date on which a Bankers’ Acceptance is payable or a
BA Equivalent Note matures in accordance with Section 2.11(a)(ii).

-6-

 

     “BA Net Proceeds” shall mean in respect of any Bankers’ Acceptance or BA Equivalent
Loan, the amount (rounded to the nearest whole cent with one-half of one cent being rounded up)
determined in accordance with the formula set forth below, less the Acceptance Fee applicable to
such Bankers’ Acceptance or BA Equivalent Loan. The BA Net Proceeds of any Bankers’ Acceptance or
BA Equivalent Loan shall be equal to the Principal Amount of such Bankers’ Acceptance or BA
Equivalent Loan times the Price. For purposes of this definition, the “Price” of any
Bankers’ Acceptance or BA Equivalent Loan shall equal {1 / [1 + (Bankers’ Acceptance Rate X
Term/365)]} and shall be expressed as a decimal and be rounded to the nearest 1/10000 of 1%, with
0.0000005 being rounded up.

     “Bankers’ Acceptance Rate” shall mean in respect of a Bankers’ Acceptance accepted by
an Accepting Lender on any date or a BA Equivalent Loan being advanced by such Accepting Lender on
any date, (a) for a Canadian Tranche Revolving Lender which is a Major Schedule I Lender, the CDOR
Rate and (b) for a Canadian Tranche Revolving Lender which is not a Major Schedule I Lender, the
CDOR Rate plus 10 basis points.

     “Bankers’ Acceptances” shall mean bankers’ acceptances denominated in Canadian Dollars
in the form of either a depository bill, as defined in the DBNA, or a blank non-interest bearing
bill of exchange, as defined in the Bills of Exchange Act (Canada), in either case issued by the
Canadian Borrower and accepted by a Canadian Tranche Revolving Lender (and, if applicable,
purchased by such Canadian Tranche Revolving Lender) at the request of the Canadian Borrower, such
depository bill or bill of exchange to be substantially in the standard form of such Canadian
Tranche Revolving Lender.

     “Bankruptcy Code” shall mean the Bankruptcy Code in Title 11 of the United States
Code, as amended, modified, succeeded or replaced from time to time.

     “Borrowers” shall mean collectively the US Borrower and the Canadian Borrower.

     “Borrowing” shall mean Loans of the same Type, made, converted or continued on the
same date and, in the case of US Dollar LIBOR Loans, and in the case of Bankers’ Acceptances or BA
Equivalent Loans, as to which a single Interest Period is in effect.

     “Business Day” shall mean, other than for Letters of Credit, any day other than a day
on which commercial banks are authorized or required to close in North Carolina for purposes of the
US Tranche and the Term Loan Facility, and in North Carolina and in Calgary or Toronto, Canada for
purposes of the Canadian Tranche, and, where such term is used in the definition of “Quarterly
Date” or if such day relates to a Borrowing or continuation of, a payment or prepayment of
principal of or interest on, or a conversion of or into, or the Interest Period for, a US Dollar
LIBOR Loan or a notice by a Borrower with respect to any such Borrowing or continuation, payment,
prepayment, conversion or Interest Period, any day which is also a day on which dealings in US
Dollar deposits are carried out in the London interbank market. With respect to Letters of Credit,
“Business Day” shall mean any day other than a day on which commercial banks are authorized
or required to close in the domicility of the respective Issuing Bank and confirming bank.

-7-

 

     “CAM Exchange” shall mean the exchange of the Lender’s interests provided for in
Section 11.02(c).

     “CAM Exchange Date” shall mean the date on which there shall occur an acceleration of
Loans pursuant to Section 11.02(a) or Section 11.02(b).

     “CAM Percentage” shall mean, as to each Lender, a fraction, expressed as a decimal, of
which (a) the numerator shall be the aggregate Credit Exposure of such Lender for all Tranches
(determined by the US Dollar Equivalent Amount for its Canadian Tranche Credit Exposure prevailing
on the CAM Exchange Date and determined by the US Dollar Equivalent for its LC Exposure in Offshore
Currency Letters of Credit prevailing on the CAM Exchange Date) and (b) the denominator shall be
the Aggregate Credit Exposure (determined by the US Dollar Equivalent Amount for the Canadian
Tranche Credit Exposure of all Canadian Tranche Revolving Lenders as of the CAM Exchange Date and
determined by the US Dollar Equivalent for the LC Exposure in Offshore Currency Letters of Credit
of all Lenders as of the CAM Exchange Date).

     “Canadian Allocated Aggregate Commitments” shall mean the aggregate amount of the US
Tranche Commitments allocated by the US Borrower from time to time as the Canadian Allocated
Aggregate Commitments pursuant to Section 2.03(b)(ii), not to exceed the Canadian Allocated
Maximum Aggregate Commitments. The Canadian Allocated Aggregate Commitments may be terminated
pursuant to Section 2.03(b)(i), 2.03(b)(iii), 5.06 or ARTICLE XI.
The initial Canadian Allocated Aggregate Commitments are $25,000,000.

     “Canadian Allocated Commitment” shall mean as to each Canadian Tranche Revolving
Lender, the percentage set forth in the column titled “Canadian Tranche Percentage” as agreed
between the US Administrative Agent and such Lender and on file with the US Administrative Agent or
in the Assignment pursuant to which such Canadian Tranche Revolving Lender becomes a party hereto,
as applicable, of the Canadian Allocated Aggregate Commitments.

     “Canadian Allocated Maximum Aggregate Commitments” shall mean the aggregate maximum
Canadian Allocated Commitments of all Canadian Tranche Revolving Lenders on file with the US
Administrative Agent. The Canadian Allocated Maximum Aggregate Commitments are $100,000,000.

     “Canadian Allocation Period” shall mean any time during which either (a) the US
Borrower has allocated any portion of the US Tranche Commitments as the Canadian Allocated
Aggregate Commitments pursuant to Section 2.03(b)(ii) or (b) the Canadian Tranche Credit
Exposure exceeds zero.

     “Canadian Commitment Fee” shall have the meaning assigned such term in Section
2.04(a)(ii).

     “Canadian Dollars” or “C$” shall mean lawful money of Canada.

     “Canadian Guarantor” shall mean the US Borrower and each Subsidiary Guarantor required
to execute the Guaranty Agreement – Canada or supplement thereto pursuant to Section
9.07(b), excluding the Canadian Borrower.

-8-

 

     “Canadian Pension Plan” shall mean any “pension plan” or “plan” that is subject to the
funding requirements of the Employment Pension Plans Act (Alberta) or applicable pension
benefits legislation in any other Canadian jurisdiction and is applicable to employees
resident in Canada of the Canadian Borrower or a Significant Canadian Subsidiary.

     “Canadian Prime Rate” shall mean, at any time, the greater of (a) the rate from time
to time publicly announced by the Canadian Reference Bank as its prime rate in effect for
determining interest rates on Canadian Dollar denominated commercial loans in Canada, and (b) the
annual rate of interest equal to the sum of (i) the 30-day CDOR Rate at such time and (ii) one
percent (1%) per annum.

     “Canadian Prime Rate Loans” shall mean Loans denominated in Canadian Dollars that bear
interest at a rate based upon the Canadian Prime Rate.

     “Canadian Principal Office” shall mean the principal office of the Canadian
Administrative Agent, which, on the date of this Agreement is located at 141 Adelaide St., W.,
Suite 1500, Toronto, Ontario, Canada M5H 3L9, Attention: Sophie Ronan (Telecopy No. (416)
364-8165).

     “Canadian Reference Bank” shall mean the Bank of Montreal, or its successors and
assigns, or one of the Major Schedule I Lenders as the US Administrative Agent may from time to
time designate.

     “Canadian Subsidiary” shall mean each Restricted Subsidiary of the US Borrower that is
formed under the laws of Canada, any Province thereof, or any territory thereof.

     “Canadian Tranche” shall mean the Canadian Allocated Commitments and the Canadian
Tranche Loans.

     “Canadian Tranche Borrowing” shall mean a Borrowing comprised of Canadian Tranche
Loans.

     “Canadian Tranche Credit Exposure” shall mean at any time, the US Dollar Equivalent
Amount of the aggregate Principal Amount of the Canadian Tranche Loans outstanding at such time.
The Canadian Tranche Credit Exposure of any Canadian Tranche Revolving Lender at any time shall be
the US Dollar Equivalent Amount of the aggregate Principal Amount of the Canadian Tranche Loans
owed to such Lender at such time.

     “Canadian Tranche Loan” shall mean any Revolving Loan (including Canadian Prime Rate
Loans, Bankers’ Acceptances, BA Equivalent Loans, US Dollar LIBOR Loans and US Dollar Base Rate
Loans) made by the Canadian Tranche Revolving Lenders pursuant to Section 2.01(a)(ii) or
Section 2.11, as applicable.

     “Canadian Tranche Percentage” shall mean:

     (a) at any time during which the US Tranche Commitments remain outstanding, with respect to
each Canadian Tranche Revolving Lender, the percentage set forth in the column titled “Canadian
Tranche Percentage” as agreed between the US Administrative Agent and such

-9-

 

Lender and on file with
the US Administrative Agent or in the Assignment pursuant to which such Canadian Tranche Revolving
Lender becomes a party hereto; and

     (b) upon the termination of the Aggregate Revolving Commitments pursuant to Section
11.02, with respect to each Canadian Tranche Revolving Lender, a fraction (expressed as a
percentage, carried out to the sixth decimal place), the numerator of which is the Canadian
Tranche Credit Exposure of such Canadian Tranche Revolving Lender, and the denominator of
which is the Canadian Tranche Credit Exposure of all Canadian Tranche Revolving Lenders.

As of the Initial Funding Date, the Canadian Tranche Percentage of each Canadian Tranche Revolving
Lender is the percentage agreed between the US Administrative Agent and such Lender and on file
with the US Administrative Agent or in the Assignment pursuant to which such Canadian Tranche
Revolving Lender becomes a party hereto, as applicable.

     “Canadian Tranche Revolving Lender” shall mean a Lender with a Canadian Allocated
Commitment or with outstanding Canadian Tranche Loans that is, for the purposes of the Income Tax
Act (Canada) in force as of the date that such Lender acquires a Canadian Allocated Commitment,
either (a) not a non-resident of Canada for purposes of the Income Tax Act (Canada) or (b) a deemed
resident of Canada for purposes of Part XIII of the Income Tax Act (Canada) and that has, as part
of its business carried on in Canada, a Canadian Allocated Commitment, and, in the case of clauses
(a) and (b), is an Affiliate of a US Tranche Revolving Lender.

     “Canadian Welfare Plan” shall mean any medical, health, hospitalization, insurance or
other employee benefit or welfare plan or arrangement applicable to employees resident in Canada of
the Canadian Borrower or a Significant Canadian Subsidiary.

     “Capital Lease” shall mean a lease of (or other arrangement conveying the right to
use) real and/or personal Property, or a combination thereof, with respect to which the lessee is
required concurrently to recognize the acquisition of an asset and the incurrence of a Debt in
accordance with GAAP.

     “Capital Lease Obligations” shall mean, as to any Person, all obligations of such
Person as lessee under any Capital Lease, which obligations are required to be classified and
accounted for as capital leases on a balance sheet of such Person under GAAP, and the amount of
such obligations shall be the capitalized amount thereof determined in accordance with GAAP.

     “Cash Equivalents” shall mean:

     (a) securities issued or directly and fully guaranteed or insured by the government of the
United States or any other country whose sovereign debt has a rating of at least A3 from Moody’s
and at least A- from S&P or any agency or instrumentality thereof having maturities of not more
than twelve (12) months from the date of acquisition;

     (b) certificates of deposit and Eurodollar time deposits with maturities of six (6) months or
less from the date of acquisition, bankers’ acceptances with maturities not exceeding six (6)
months and overnight bank deposits, in each case with any commercial bank organized under the laws
of any country that is a member of the Organization for Economic Cooperation and

-10-

 

Development having
capital and surplus in excess of $500,000,000 (or the equivalent thereof in any other currency or
currency unit);

     (c) repurchase obligations with a term of not more than seven (7) days for underlying
securities of the types described in clauses (a) and (b) above entered into with any financial
institution meeting the qualifications specified in clause (b) above;

     (d) commercial paper having at least P2 or A2 from Moody’s or S&P, or carrying an equivalent
rating by a nationally recognized rating agency, if both of the two named rating agencies cease
publishing ratings of investments, and in each case maturing within 270 days after the date of
acquisition;

     (e) deposits available for withdrawal on demand with any commercial bank not meeting the
qualifications specified in clause (b) above; and

     (f) money market mutual funds substantially all of the assets of which are of the type
described in the foregoing clauses (a) through (d).

     “CDOR Rate” shall mean, on any day, the annual rate of interest which is the rate
applicable to Canadian Dollar bankers’ acceptances appearing on the “Reuters Screen CDOR Page” (as
defined in the International Swap Dealer Association, Inc, definitions, as modified and amended
from time to time) as of 10:00 a.m. Eastern time on such day for bankers’ acceptances having for
purposes of calculating the Canadian Prime Rate a maturity of 30 days and, for purposes of Bankers’
Acceptances and BA Equivalent Loans, a comparable maturity date to the maturity date of such issue
of Bankers’ Acceptances and BA Equivalent Loans; provided that if such rate does not appear
on the Reuters Screen CDOR Page as contemplated, then the CDOR Rate on any day shall be the rate
applicable to such Canadian Dollar bankers’ acceptances of comparable maturity date quoted by one
of the Major Schedule I Lenders selected by the US Administrative Agent as of 10:00 a.m. Eastern
time on such day.

     “CERCLA” shall have the meaning assigned such term in the definition of Environmental
Laws.

     “Change of Control” shall mean the occurrence of one or more of the following events:
(a) the approval by the holders of Equity Interests of the US Borrower of any plan or proposal for
the liquidation or dissolution of the US Borrower (whether or not otherwise in compliance with the
provisions of this Agreement); (b) any Person or “group” within the meaning of Section 13(d) of the
Exchange Act shall become the “beneficial owner,” as defined in Rule 13d-3 under the Exchange Act,
of shares representing more than 50% of the aggregate voting power represented by the Equity
Interests of the US Borrower; (c) the replacement of a majority of the Board of Directors of the US
Borrower over a two-year period from the directors who constituted the Board of Directors of the US
Borrower at the beginning of such period, and such replacement shall not have been approved by a
vote of at least a majority of the Board of Directors of the US Borrower then still in office who
either were members of such Board of Directors at the beginning of such period or whose election as
a member of such Board of Directors was previously so approved; (d) the US Borrower shall cease to
own, directly or indirectly, 100% of the issued and outstanding Equity Interests of Hanover and
Holdings except

-11-

 

to the extent Hanover and Holdings are merged into the US Borrower; or (e) the US
Borrower shall cease to own, directly or indirectly, 100% of the issued and outstanding Equity
Interests of the Canadian Borrower while any Canadian Tranche Loans are outstanding or any Canadian
Allocated Commitments remain in effect.

     “Closing Date” shall mean August 20, 2007.

     “Code” shall mean the Internal Revenue Code of 1986, as amended from time to time and
any successor statute.

     “Collateral” shall mean all Property of the US Borrower and the Subsidiary Guarantors
which is secured by a Lien under the Security Instruments.

     “Combined Revolving Credit Exposure” shall mean at any time, the sum of (a) the US
Tranche Credit Exposure at such time, and (b) the Canadian Tranche Credit Exposure at such time.

     “Commitment Fees” shall mean collectively, the Canadian Commitment Fee and the US
Commitment Fee.

     “Commitment Increase” shall have the meaning assigned such term in Section
2.03(a)(i).

     “Commitment Increase Certificate” shall have the meaning assigned such term in
Section 2.03(a)(ii)(B).

     “Commitment Reduction Amount” shall mean an amount equal to the amount of any
prepayment owed under the Revolving Credit Facility pursuant to Sections 2.07(b)(iii),
2.07(b)(iv), 2.07(b)(v) and 2.07(b)(vi) whether or not any Revolving Loan
or LC Exposure is then outstanding.

     “Compression Assets” shall mean all or any portion of any Person’s compression
services or rental contracts, compression services customer relationships and related compression
equipment.

     “Confidential Information” shall have the meaning assigned such term in Section
13.15.

     “Consolidated Net Income” shall mean for any period, the aggregate of the net income
(or loss) of any Person and its Consolidated Subsidiaries after allowances for taxes for such
period, determined on a consolidated basis in accordance with GAAP; provided that there
shall be excluded from such net income (to the extent otherwise included therein, without
duplication) the following: (a) the net income of any Person in which it or any of its
Consolidated Subsidiary has an interest (which interest does not cause the net income of such other
Person to be consolidated with the net income of it and its Consolidated Subsidiaries in accordance
with GAAP), except to the extent of the amount of dividends or distributions actually paid in such
period by such other Person to it or to a Consolidated Subsidiary, as the case may be; (b) the net
income (but not loss) of any Consolidated Subsidiary to the extent that the declaration or payment
of dividends or similar distributions or transfers or loans by that Consolidated Subsidiary is not
at the time permitted under the terms of its charter or any agreement,

-12-

 

instrument or Governmental
Requirement applicable to such Consolidated Subsidiary, or is otherwise restricted or prohibited in
each case determined in accordance with GAAP; provided that upon the removal of such
restriction, the aggregate net income previously excluded within the last four (4) fiscal quarters
shall be added to the net income for the same quarters; (c) any extraordinary gains or losses,
including gains or losses attributable to Property sales not in the
ordinary course of business; (d) the cumulative effect of a change in accounting principles
and any gains or losses attributable to writeups or write downs of assets; (e) gains, losses or
other charges as a result of the early retirement of Debt; (f) non-cash gains or losses as a result
of foreign currency adjustments and (g) the cost of refinancing any long-term debt to the extent
such costs are paid for from the proceeds of such refinancing.

     “Consolidated Subsidiaries” shall mean each Subsidiary of a Person (whether now
existing or hereafter created or acquired) the financial statements of which shall be (or should
have been) consolidated with the financial statements of such Person in accordance with GAAP.

     “Credit Exposure” shall mean at any time for any Lender (a) for the Canadian Tranche
such Lender’s Canadian Tranche Credit Exposure, (b) for the US Tranche such Lender’s US Tranche
Credit Exposure and (c) for the Term Tranche such Lender’s Term Credit Exposure.

     “DBNA” shall mean the Depository Bills and Notes Act (Canada).

     “Debt” shall mean, for any Person the sum of the following (without duplication): (a)
all obligations of such Person (whether created or assumed) for borrowed money or evidenced by
bonds, debentures, notes or other similar instruments; (b) all obligations of such Person (whether
contingent or otherwise) in respect of bankers’ acceptances, letters of credit, surety or other
bonds and similar instruments; (c) all obligations of such Person to pay the deferred purchase
price of Property or services (other than for borrowed money); (d) all Capital Lease Obligations in
respect of which such Person is liable (whether contingent or otherwise); (e) all Debt (as
described in the other clauses of this definition) of others secured by a Lien on any asset of such
Person, whether or not such Debt is assumed by such Person but if not assumed by such Person,
limited to the fair market values of such Property; (f) all Debt (as described in the other clauses
of this definition) of others guaranteed by such Person or in which such Person otherwise assures a
creditor against loss of the debtor or obligations of others but only to the extent of the
remaining maximum liability of such Person under such guaranty; (g) all obligations or undertakings
of such Person to maintain or cause to be maintained the financial position or covenants of others
or to purchase the Debt of others; (h) prepayments or advances from customers made more than 60
days in advance of the date such goods and services are due to prepay, secure or settle obligations
to deliver goods or services and in excess of the sum of (A) $50,000,000 outstanding at any time
and (B) up to an additional $50,000,000 outstanding at any time if such amount is approved in
writing by the US Administrative Agent from time to time (which consent shall not be unreasonably
denied or delayed); provided, however, all prepayments or advances received in
connection with fabrication, installation, turn-key or total solutions projects or other similar
projects shall be excluded; (i) obligations to pay for commodities in the form of take-or-pay
agreements or similar arrangements beyond the normal requirements of the business of the US
Borrower and its Subsidiaries whether or not such goods or services are actually received or
utilized by such Person; (j) any Equity Interests of such Person in which such Person has a
mandatory obligation to redeem such Equity Interests; (k) any

-13-

 

Debt (as described in the other
clauses of this definition) of a Special Entity for which such Person is liable either by agreement
or because of a Governmental Requirement but only to the extent of the maximum liability of such
Person under such agreement or Governmental Requirement; and (l) all net mark to market obligations
of such Person under Hedging Agreements.

     “Default” shall mean an Event of Default or an event which with notice or lapse of
time or both would become an Event of Default.

     “Disclosing Parties” shall have the meaning assigned such term in Section
13.15.

     “Disposition” shall mean the sale, exchange or conveyance (including any sale and
leaseback transaction) of any Property by the US Borrower or any of its Domestic Subsidiaries,
including any sale, exchange or conveyance, with or without recourse, of any notes or accounts
receivable or any rights and claims associated therewith.

     “Dissolved Subsidiary” shall have the meaning assigned such term in Section
9.07(d)(ii).

     “Domestic Subsidiary” shall mean each Restricted Subsidiary of the US Borrower which
is not a Foreign Subsidiary.

     “Drafts” shall mean, at any time, either a depository bill within the meaning of the
DBNA or a bill of exchange within the meaning of the Bills of Exchange Act (Canada) drawn by the
Canadian Borrower on a Canadian Tranche Revolving Lender but which at such time has not been
completed as to the payee or accepted by such Lender or any other Person.

     “EBITDA” shall mean, for any period, the sum of Consolidated Net Income for such
period plus the following consolidated expenses or charges to the extent deducted from Consolidated
Net Income in such period: Total Interest Expense (or interest expense when determining EBITDA of
an Unrestricted Subsidiary), taxes, depreciation, amortization and non-cash charges,
provided that any cash actually paid with respect to such non-cash charges shall be
deducted from EBITDA when paid. EBITDA will be adjusted on a pro forma basis (reasonably
acceptable to the US Administrative Agent) for individual acquisitions and divestitures in excess
of $50,000,000, including projected synergies.

     “8.50% Equipment Lease Notes” shall mean those 8.50% senior secured notes due 2008
issued pursuant to that certain Indenture, dated as of August 30, 2001 among the 2001A Trust, as
issuer, Exterran Energy Solutions, L.P. (formerly Hanover Compression Limited Partnership) and
certain subsidiaries, as guarantors, and Wilmington Trust FSB, as Trustee and related equity
certificates, as amended, modified, supplemented or restated from time to time.

     “8.625% Notes” shall mean those 8.625% senior notes due 2010 issued pursuant to that
certain Senior Indenture dated as of December 15, 2003 between Hanover and Wachovia, as amended,
modified, supplemented or restated from time to time.

     “8.75% Equipment Lease Notes” shall mean 8.75% senior secured notes due 2011 issued
pursuant to that certain Indenture, dated as of August 30, 2001 among the 2001B Trust, as issuer,
Exterran Energy Solutions, L.P. (formerly Hanover Compression Limited Partnership) and

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certain
subsidiaries, as guarantors, and Wilmington Trust FSB, as Trustee and related equity certificates,
as amended, modified, supplemented or restated from time to time.

     “Environmental Laws” shall mean any and all Governmental Requirements pertaining to
health or the environment in effect in any and all jurisdictions in which the US Borrower or any
Subsidiary is conducting or at any time has conducted business, or where any Property of the US
Borrower or any Subsidiary is located, including the Canadian Environmental Assessment Act,
the Canadian Environmental Protection Act, 1999, the Environmental and Enhancement Protection Act
(Alberta), the Oil Pollution Act of 1990 (“OPA”), the Clean Air Act, as amended, the
Comprehensive Environmental, Response, Compensation, and Liability Act of 1980 (“CERCLA”),
as amended, the Federal Water Pollution Control Act, as amended, the Occupational Safety and Health
Act of 1970, as amended, the Resource Conservation and Recovery Act of 1976 (“RCRA”), as
amended, the Safe Drinking Water Act, as amended, the Toxic Substances Control Act, as amended, the
Superfund Amendments and Reauthorization Act of 1986, as amended, the Hazardous Materials
Transportation Act, as amended, and other environmental conservation or protection laws. The term
“oil” shall have the meaning specified in OPA, the terms “hazardous substance” and “release” (or
“threatened release”) have the meanings specified in CERCLA, and the terms “solid waste” and
“disposal” (or “disposed”) have the meanings specified in RCRA; provided, however,
that (a) in the event either OPA, CERCLA or RCRA is amended so as to broaden the meaning of any
term defined thereby, such broader meaning shall apply subsequent to the effective date of such
amendment and (b) to the extent the laws of the state in which any Property of the US Borrower or
any Subsidiary is located establish a meaning for “oil,” “hazardous substance,” “release,” “solid
waste” or “disposal” which is broader than that specified in either OPA, CERCLA or RCRA, such
broader meaning shall apply.

     “EPLP” shall mean Exterran Partners, L.P., a Delaware limited partnership.

     “EPLP Group” shall mean EPLP and its Subsidiaries.

     “EPLP Partnership Agreement” shall mean that certain First Amended and Restated
Agreement of Limited Partnership of EPLP (formerly, Universal Compression Partners, L.P.), dated as
of October 20, 2006, as amended, modified, supplemented or restated.

     “Equity Interest” shall mean, (a) with respect to any Person that is a corporation,
any and all shares, interests, participations or other equivalents (however designated and whether
or not voting) of corporate stock and (b) with respect to any Person that is not a corporation, any
and all partnership interests or other equity interests of such Person.

     “ERISA” shall mean the Employee Retirement Income Security Act of 1974, as amended
from time to time.

     “ERISA Affiliate” shall mean any trade or business (whether or not incorporated) that,
together with the US Borrower or any Subsidiary, is treated as a single employer under Section
414(b) or (c) of the Code or, solely for purposes of Section 302 of ERISA and Section 412 of the
Code, is treated as a single employer under Section 414 of the Code.

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     “ERISA Event” shall mean (a) any “reportable event”, as defined in Section 4043 of
ERISA or the regulations issued thereunder with respect to a Plan (other than an event for which
the 30 day notice period is waived); (b) the existence with respect to any Plan of an “accumulated
funding deficiency” (as defined in Section 412 of the Code or Section 302 of ERISA), whether or not
waived; (c) the filing pursuant to Section 412(d) of the Code or Section 303(d) of ERISA of an
application for a waiver of the minimum funding standard with respect to any Plan; (d) the
incurrence by the US Borrower, any Subsidiary or any of its ERISA Affiliates
of any liability under Title IV of ERISA with respect to the termination of any Plan; (e) the
receipt by the US Borrower, any Subsidiary or any ERISA Affiliate from the PBGC or a plan
administrator of any notice relating to an intention to terminate any Plan or Plans or to appoint a
trustee to administer any Plan; (f) the incurrence by the US Borrower, any Subsidiary or any of its
ERISA Affiliates of any liability with respect to the withdrawal or partial withdrawal from any
Plan or Multiemployer Plan; or (g) the receipt by the US Borrower, any Subsidiary or any ERISA
Affiliate of any notice concerning the imposition of Withdrawal Liability or a determination that a
Multiemployer Plan is, or is expected to be, insolvent or in reorganization, within the meaning of
Title IV of ERISA.

     “Event of Default” shall have the meaning assigned such term in Section 11.01.

     “Excepted Liens” shall mean: (a) Liens for taxes, assessments, public or statutory
obligations or other governmental charges or levies not yet due or which are being contested in
good faith by appropriate action and for which adequate reserves have been maintained in accordance
with GAAP or which could not reasonably be expected to have a Material Adverse Effect individually
or in the aggregate for all Excepted Liens contained in clauses (a), (b), (c), (d) and (e) of this
definition; (b) Liens in connection with workmen’s compensation, unemployment insurance or other
social security, old age pension or public liability obligations not yet due or which are being
contested in good faith by appropriate action and for which adequate reserves have been maintained
in accordance with GAAP or which could not reasonably be expected to have a Material Adverse Effect
individually or in the aggregate for all Excepted Liens contained in clauses (a), (b), (c), (d) and
(e) of this definition; (c) operators’, vendors’, carriers’, warehousemen’s, repairmen’s,
mechanics’, workmen’s, materialmen’s, construction or other like Liens arising by operation of law
in the ordinary course of business or statutory landlord’s liens, each of which is in respect of
obligations that have not been overdue more than 90 days or which are being contested in good faith
by appropriate proceedings and for which adequate reserves have been maintained in accordance with
GAAP or which could not reasonably be expected to have a Material Adverse Effect individually or in
the aggregate for all Excepted Liens contained in clauses (a), (b), (c), (d) and (e) of this
definition; (d) any Liens reserved in leases for rent or royalties and for compliance with the
terms of the leases in the case of leasehold estates, to the extent that any such Lien referred to
in this clause does not materially impair the use of the Property covered by such Lien for the
purposes for which such Property is held by the US Borrower or any
Subsidiary or which are being
contested in good faith by appropriate proceedings and for which adequate reserves have been
maintained in accordance with GAAP or which could not reasonably be expected to have a Material
Adverse Effect individually or in the aggregate for all Excepted Liens contained in clauses (a),
(b), (c), (d) and (e) of this definition; (e) encumbrances (other than to secure the payment of
borrowed money or the deferred purchase price of Property or services), easements, restrictions,
servitudes, permits, conditions, covenants, exceptions or reservations in any rights of way or
other Property of the US Borrower or any

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Subsidiary for the purpose of roads, pipelines,
transmission lines, transportation lines, distribution lines for the removal of gas, oil, coal or
other minerals, timber, metals, steam, or other natural resources, and other like purposes, or for
the joint or common use of real estate, rights of way, facilities and equipment, and defects,
irregularities, zoning restrictions and deficiencies in title of any rights of way or other
Property which in the aggregate do not materially impair the use of such rights of way or other
Property for the purposes of which such rights of way and other Property are held by the US
Borrower or any Subsidiary or materially
impair the value of such Property subject thereto or which could not reasonably be expected to
have a Material Adverse Effect individually or in the aggregate for all Excepted Liens contained in
clauses (a), (b), (c), (d) and (e) of this definition; (f) deposits of cash or securities to secure
the performance of bids, trade contracts, leases, performance bonds, return-of-money or payment
bonds, surety and appeal bonds, contracts or leases to which the US Borrower or its Subsidiaries
are parties or other deposits required to be made in the ordinary course of business, statutory
obligations and other obligations of a like nature incurred in the ordinary course of business;
(g) Liens permitted under the Security Instruments; (h) Liens arising out of judgments or awards
that do not constitute an Event of Default under Section 11.01(h); and (i) Liens for the US
Borrower’s or any Subsidiary’s title to Property leased under Capital Leases; provided that
no intention to subordinate the first priority Lien granted in favor of the US Administrative Agent
and the Lenders is to be hereby implied or expressed by the permitted existence of such Excepted
Liens.

     “Excess Amount” shall have the meaning assigned such term in Section
2.03(a)(ii)(I).

     “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended, or any
successor statute or statutes thereto.

     “Executive Order” shall have the meaning assigned such term in Section
7.13(a).

     “Existing Hanover Credit Agreement” shall mean that certain Credit Agreement, dated as
of November 21, 2005 among Hanover, Hanover Compressor Limited Partnership, JPMorgan Chase Bank,
N.A., as administrative agent and the other lenders signatory thereto, as amended, modified,
supplemented or restated from time to time.

     “Existing Indebtedness” shall mean collectively, all Debt under (a) Existing Universal
Credit Agreement, (b) the Existing Hanover Credit Agreement, (c) the 7 1/2% Notes, (d) the 8.625%
Notes, (e) the 9.00% Notes, (f) the 8.50% Equipment Lease Notes, (g) the 8.75% Equipment Lease
Notes, (h) the 7 1/4% Notes and (i) the 4.75% Convertible Notes Due 2014, (j) the 4.75% Convertible
Notes Due 2008 and (k) any other debt of the US Borrower and its Subsidiaries existing immediately
prior to the date of the Merger and set forth on Schedule 1.02.

     “Existing Letters of Credit” shall mean those letters of credit listed on attached
Schedule 2.01(b) and all reimbursement obligations pertaining to any such letter of credit.

     “Existing Universal Credit Agreement” shall mean that certain Senior Secured Credit
Agreement dated as of October 20, 2006 among Holdings, Exterran (formerly Universal Compression,
Inc.), the Canadian Borrower, the Administrative Agents and the other lenders signatory thereto, as
amended, modified, supplemented or restated from time to time.

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     “Exterran” shall mean Exterran, Inc., a Texas corporation.

     “Exterran Argentina” shall mean Hanover Argentina S.A., an Argentina corporation.

     “Exterran Cayman Entities” shall mean collectively, Hanover Cayman Limited, a Cayman
Islands limited liability company and Production Operators Cayman Inc. (Cayman Islands), a Cayman
Islands corporation.

     “Exterran Canadian Holdings” shall mean Exterran Canadian Partnership Holdings GP ULC,
an Alberta unlimited liability company.

     “Exterran NLBV” shall mean Hanover Compressor Holding Company NL B.V., a Netherlands
corporation.

     “Exterran Spain” shall mean Universal Compression International Holdings, S.L.U., a
Spain corporation.

     “Exterran Venezuela” shall mean Hanover Venezuela, C.A., a Venezuela corporation.

     “Federal Funds Rate” shall mean, for any day, the rate per annum (rounded upwards, if
necessary, to the nearest 1/100 of 1%) equal to the weighted average of the rates on overnight
federal funds transactions with a member of the Federal Reserve System arranged by federal funds
brokers on such day, as published by the Federal Reserve Bank of New York on the Business Day next
succeeding such day, provided that (a) if the date for which such rate is to be determined
is not a Business Day, the Federal Funds Rate for such day shall be such rate on such transactions
on the next preceding Business Day as so published on the next succeeding Business Day, and (b) if
such rate is not so published for any day, the Federal Funds Rate for such day shall be the average
rate charged to the US Administrative Agent on such day on such transactions as determined by the
US Administrative Agent.

     “Fee Letter” shall mean that certain letter agreement from Wachovia and JPMorgan to
the Borrowers dated as of July 2, 2007, concerning certain fees in connection with this Agreement
and any agreements or instruments executed in connection therewith, as the same may be amended or
replaced from time to time.

     “Financial Statements” shall mean the most recent financial statement or statements of
the parties described or referred to in Section 7.02 or the US Borrower and its
Consolidated Subsidiaries delivered annually pursuant to Section 9.01(a)(i).

     “First Rate” shall have the meaning assigned such term in Section 3.02(b)(i).

     “Foreign Credit Facility” shall mean any credit facility of a Foreign Subsidiary that
derives substantially all of its income from jurisdictions other than the United States of America.

     “Foreign Subsidiary” shall mean each Restricted Subsidiary of the US Borrower that is
formed under the laws of any jurisdiction other than the United States of America, any State
thereof, or any territory thereof.

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     “4.75% Convertible Notes Due 2008” shall mean those certain 4.75% convertible senior
notes due 2008 issued pursuant to that certain Indenture dated as of March 15, 2001 between Hanover
and Wilmington Trust Company, as amended, modified, supplemented or restated from time to time.

     “4.75% Convertible Notes Due 2014” shall mean those certain 4.75% convertible senior
notes due 2014 issued pursuant to that certain Senior Indenture dated as of December 15, 2003
between Hanover and Wachovia, as amended, modified, supplemented or restated from time to
time.

     “GAAP” shall mean generally accepted accounting principles in the United States of
America in effect from time to time.

     “General Partner” shall mean UCO General Partner, LP, a Delaware limited partnership,
the general partner of EPLP.

     “Governmental Authority” shall include the country, state, province, county, city and
political subdivisions in which any Person or such Person’s Property is located or which exercises
valid jurisdiction over any such Person or such Person’s Property, and any court, agency,
department, commission, board, bureau or instrumentality of any of them including monetary
authorities which exercises valid jurisdiction over any such Person or such Person’s Property.
Unless otherwise specified, all references to Governmental Authority herein shall mean a
Governmental Authority having jurisdiction over, where applicable, the Borrowers, their
Subsidiaries or any of their Property or any Administrative Agent, any Lender or any Applicable
Lending Office.

     “Governmental Requirement” shall mean any law, statute, code, ordinance, order,
determination, rule, regulation, judgment, decree, injunction, franchise, permit, certificate,
license, authorization or other directive or requirement (whether or not having the force of law),
including Environmental Laws, energy regulations and occupational, safety and health standards or
controls, of any Governmental Authority.

     “GP Interests” shall mean the ownership interests of the General Partner of EPLP in
its capacity as general partner of EPLP, which is evidenced by general partner units.

     “Guaranteed Obligations” shall have the meaning assigned such term in Section
14.01(a).

     “Guarantor” shall mean a Canadian Guarantor or Subsidiary Guarantor, as applicable.

     “Guaranty” shall mean the guaranty by the US Borrower contained in ARTICLE
XIV.

     “Guaranty Agreement — Canada” shall mean that certain Canadian Guaranty Agreement that
may be executed by the Significant Canadian Subsidiaries in favor of the Canadian Administrative
Agent as required by Section 9.07(b) in a form to be agreed upon by the Canadian Borrower
and the Canadian Administrative Agent, as amended, modified or restated from time to time.

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     “Guaranty Agreement — US” shall mean that certain US Guaranty Agreement that may be
executed by Significant Domestic Subsidiaries in favor of the US Administrative Agent as required
by Section 9.07(a) in a form to be agreed upon by the US Borrower and the US Administrative
Agent, as amended, modified or restated from time to time.

     “Guaranty Agreements” shall mean collectively, the Guaranty Agreement-Canada and the
Guaranty Agreement-US.

     “Hedging Agreements” shall mean any commodity, interest rate or currency swap, cap,
floor, collar, forward agreement or other exchange or protection agreements or any option with
respect to any such transaction entered into from time to time.

     “Highest Lawful Rate” shall mean, with respect to each Lender, the maximum nonusurious
interest rate, if any, that at any time or from time to time may be contracted for, taken,
reserved, charged or received on the Loans or on other Indebtedness under the Loan Documents under
laws applicable to such Lender which are presently in effect or, to the extent allowed by law,
under such applicable laws which may hereafter be in effect and which allow a higher maximum
nonusurious interest rate than applicable laws now allow.

     “IDR” shall mean an Incentive Distribution Right as defined in the EPLP Partnership
Agreement.

     “Indebtedness” shall mean (without duplication), unless the context indicates
otherwise, any and all amounts owing or to be owing by the Borrowers and the Restricted
Subsidiaries to any of the Administrative Agents, the Issuing Banks, the Lenders and/or any Lender
Affiliate in connection with the Loan Documents and the Letter of Credit Applications and Bankers’
Acceptances, any Treasury Management Agreement now or hereafter arising between any Borrower or any
Restricted Subsidiary of a Borrower and any Lender or any Lender Affiliate and permitted under the
terms of this Agreement and any Hedging Agreement now or hereafter arising between any Borrower or
any Restricted Subsidiary of a Borrower and any Lender or any Lender Affiliate and permitted under
the terms of this Agreement, excluding any Hedging Agreements now or hereafter arising in
connection with the ABS Facility, and all renewals, extensions and/or rearrangements of any of the
foregoing.

     “Indemnified Parties” shall have the meaning assigned such term in Section
13.03(a)(ii).

     “Indemnity Matters” shall mean any and all actions, suits, proceedings (including any
investigations, litigation and inquiries), claims, demands and causes of action made or threatened
against a Person and, in connection therewith, all losses, liabilities, damages and, without
duplication, reasonable costs and expenses of any kind or nature whatsoever incurred by such Person
whether caused by the sole or concurrent negligence of such Person seeking indemnification.

     “Index Debt Rating” shall mean the rating of the senior secured indebtedness for
borrowed money of the US Borrower that is not guaranteed by any other Person except for a
Subsidiary Guarantor or subject to any other credit enhancement; provided, that if the US
Borrower does not have any such rating, the Index Debt Rating shall be the corporate debt rating of
the US Borrower.

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     “Initial Funding Date” shall mean the date on which the conditions specified in
Section 6.01 are satisfied (or waived in accordance with Section 13.04) which date
shall not be later than February 15, 2008.

     “Initial Term Loans” shall mean the Loans made pursuant to Section
2.01(a)(iv).

     “Intercreditor Agreement” shall mean, collectively, (i) that certain Intercreditor and
Collateral Agency Agreement, dated as of August 20, 2007 among inter alia, Exterran ABS 2007 LLC,
Wells Fargo Bank, National Association, as indenture trustee, Wachovia Bank, National Association,
as U.S. administrative agent on behalf of the bank lenders and JPMorgan Chase Bank, N.A., as
intercreditor collateral agent, as the same may be amended, supplemented, restated or replaced from
time to time and (ii) that certain Intercreditor and Collateral Agency Agreement, dated as of
August 20, 2007 among inter alia, Exterran ABS 2007 LLC, Wells Fargo Bank, National Association, as
indenture trustee and as intercreditor collateral agent, and Wachovia Bank, National Association,
as U.S. administrative agent on behalf of the bank lenders, as the same may be amended,
supplemented, restated or replaced from time to time.

     “Interest Coverage Ratio” shall mean the ratio of (a) Adjusted EBITDA for the
applicable Testing Period to (b) Total Interest Expense for the applicable Testing Period.

     “Interest Period” shall mean with respect to any US Dollar LIBOR Loan, the period
commencing on the date such US Dollar LIBOR Loan is made and ending on the numerically
corresponding day in the first, second, third or sixth calendar month thereafter, as the Applicable
Borrower may select as provided in Section 2.02 (or nine or twelve calendar months, as may
be requested by the Applicable Borrower and agreed to by all Lenders), except that each Interest
Period which commences on the last Business Day of a calendar month (or on any day for which there
is no numerically corresponding day in the appropriate subsequent calendar month) shall end on the
last Business Day of the appropriate subsequent calendar month.

     Notwithstanding the foregoing: (a) no Interest Period for a Revolving Borrowing may end after
the Revolving Loan Maturity Date; (b) no Interest Period for a Term Loan Borrowing or an Additional
Term Loan Borrowing may end after the Term Loan Maturity Date; (c) no Interest Period for a Term
Loan Borrowing or an Additional Term Loan Borrowing shall be selected which extends beyond any date
upon which an installment of the Term Loan or Additional Term Loan will be due if such Term Loan
Borrowing or Additional Term Loan Borrowing must be used to make such installment; (d) each
Interest Period which would otherwise end on a day which is not a Business Day shall end on the
next succeeding Business Day (or, if such next succeeding Business Day falls in the next succeeding
calendar month, on the next preceding Business Day); (e) except as set forth in clause (f) and (g)
or contemplated by the first paragraph of this definition, no Interest Period shall have a duration
of less than one month and, if the Interest Period for any US Dollar LIBOR Loans would otherwise be
for a shorter period, such Loans shall not be available hereunder; (f) the first Interest Period
commencing on the Initial Funding Date shall be for a period from the Initial Funding Date until
the last day of that month; and (g) the last Interest Period may be such shorter period as to end
on the Term Loan Maturity Date or Revolving Loan Maturity Date, as applicable. “Interest
Period” shall mean with respect to any Bankers’ Acceptance or BA Equivalent Loan, the period
selected

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by the Canadian Borrower as provided in Section 2.11(a) commencing on the day on
which such Borrowing is made and ending on the applicable BA Maturity Date.

     “Investment” shall mean, as applied to any Person, any direct or indirect (a) purchase
or other acquisition by such Person of any Equity Interests, Debt or other securities (including
any option, warrant or other right to acquire any of the foregoing) of any other Person, (b) loan
or advance made by such Person to any other Person, (c) guarantee, assumption or other incurrence
of liability by such Person of or for any Debt or other obligation of any other Person, (d)
creation
of any Debt owed to such Person by any other Person, (e) capital contribution or other
investment by such Person in any other Person or (f) purchase or other acquisition (in one
transaction or a series of transactions) of any assets of any other Person constituting a business
unit. The amount of any Investment shall be the original cost of such Investment plus the
cost of all additions thereto, without any adjustments for increases or decreases in value, or
write-ups, write-downs or write-offs with respect to such Investment or interest earned on such
Investment. “Investment” shall exclude extensions of trade credit by the US Borrower and
its Subsidiaries on commercially reasonable terms in accordance with normal trade practices of the
US Borrower or such Subsidiary, as the case may be.

     “Issuing Banks” shall mean, for any Letters of Credit issued on or after the Initial
Funding Date, Wachovia, JPMorgan, The Bank of Nova Scotia or any other Lender agreed to among the
US Borrower, the US Administrative Agent and such US Tranche Revolving Lender to issue Letters of
Credit. As to the Existing Letters of Credit, the Issuing Bank for each Existing Letter of Credit
shall be as set forth on Schedule 2.01(b).

     “LC Exposure” shall mean at any time, the sum of (a) the aggregate undrawn amount of
all outstanding Letters of Credit issued for the account of the US Borrower at such time,
plus (b) the aggregate amount of all disbursements that the US Borrower is obligated to
reimburse (other than pursuant to the Guaranty) but which have not yet been reimbursed by or on
behalf of the US Borrower at such time. The LC Exposure of any US Tranche Revolving Lender at any
time shall be equal to its applicable US Tranche Percentage of the total LC Exposure at such time.

     “Lender Affiliate” shall mean (a) with respect to any Lender (i) an Affiliate of such
Lender or (ii) any entity (whether a corporate, partnership, trust or otherwise) that is engaged in
making, purchasing, holding or otherwise investing in bank loans and similar extensions of credit
in the ordinary course of its business and is administered or managed by a Lender or an Affiliate
of such Lender and (b) with respect to any Lender that is a fund which invests in bank loans and
similar extensions of credit and is managed by the same investment advisor as such Lender or by an
Affiliate of such investment advisor.

     “Lender Termination Date” shall have the meaning assigned such term in Section
5.06(c).

     “Letter of Credit Application” shall mean a letter of credit application, in the form
of Exhibit F, delivered to the US Administrative Agent requesting the issuance, reissuance,
extension or renewal of any Letter of Credit and containing the information set forth in
Section 2.02.

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     “Letters of Credit” shall mean the Existing Letters of Credit, and the letters of
credit issued pursuant to Section 2.01(b) and all reimbursement obligations pertaining to
any such letters of credit, and “Letter of Credit” shall mean any one of the Letters of
Credit and the reimbursement obligations pertaining thereto, and shall include Offshore Currency
Letters of Credit.

     “Lien” shall mean any interest in Property securing an obligation owed to, or a claim
by, a Person other than the owner of the Property, whether such interest is based on the common
law, statute or contract, and whether such obligation or claim is fixed or contingent, and
including the lien or security interest arising from a mortgage, encumbrance, pledge, security
agreement, conditional sale or trust receipt or a lease, consignment or bailment for security
purposes. The term “Lien” shall include reservations, exceptions, encroachments,
easements, rights of way, covenants, conditions, restrictions, leases and other title exceptions
and encumbrances affecting Property. For the purposes of this Agreement, the US Borrower or any
Subsidiary shall be deemed to be the owner of any Property which it has acquired or holds subject
to a conditional sale agreement, or leases under a financing lease or other arrangement pursuant to
which title to the Property has been retained by or vested in some other Person in a transaction
intended to create a financing.

     “Loan Documents” shall mean this Agreement, the Notes, the Fee Letter, the Letter of
Credit Applications, the Letters of Credit, Bankers’ Acceptances, BA Equivalent Notes and the
Security Instruments.

     “Loans” shall mean the loans as provided for by Section 2.01 and Section
2.11.

     “LP Units” shall mean any ownership unit representing a limited partnership interest
in EPLP.

     “Major Schedule I Lenders” shall mean collectively, The Bank of Montreal, The Bank of
Nova Scotia, Canadian Imperial Bank of Commerce and Royal Bank of Canada.

     “Majority Lenders” shall mean, at any time, Lenders having more than 50% of the
Aggregate Credit Exposure plus the unused Aggregate Commitments.

     “Material Adverse Effect” shall mean any material and adverse effect on (a) the
assets, liabilities, financial condition, business or operations of the US Borrower and its
Restricted Subsidiaries, including Hanover and Holdings, taken as a whole as reflected in the
Financial Statements after eliminating the financial condition and results of the Unrestricted
Subsidiaries or (b) the ability of the US Borrower and its Restricted Subsidiaries taken as a whole
to perform their obligations under the Loan Documents on a timely basis.

     “Maximum Term Loans Outstanding” shall mean, at any time, the maximum Principal Amount
of Term Loans at any time outstanding at or prior to the first term loan payment date set forth in
Section 3.01(b) plus an amount equal to the sum of all Term Loan Borrowings that
occur on or after the first term loan payment date set forth in Section 3.01(b).

     “Merger Documents” shall mean (a) the Merger Agreement, (b) the certificate of merger
filed or to be filed with the Delaware Secretary of State on the Initial Funding Date in connection

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with the merger of Ulysses Sub, Inc., a Delaware corporation, with and into Holdings whereby
Holdings is the surviving entity, (c) the certificate of merger filed or to be filed with the
Delaware Secretary of State on or about the Initial Funding Date in connection with the merger of
Hector Sub, Inc., a Delaware corporation, with and into Hanover whereby Hanover is the surviving
entity and (d) the Certificate of Ownership and Merger of even date herewith filed or to be filed
with the Delaware Secretary of State on the Initial Funding Date, pursuant to which Holdings shall
merge with and into the US Borrower whereby the US Borrower is the surviving entity.

     “Moody’s” shall mean Moody’s Investors Services, Inc.

     “Multiemployer Plan” shall mean a multiemployer plan as defined in Section 4001(a)(3)
of ERISA in respect of which the US Borrower, any Subsidiary or any ERISA Affiliate has an
obligation to contribute.

     “Net Proceeds” shall mean, with respect to any Disposition, the gross amount of cash
received by the US Borrower or any of its Subsidiaries from such Disposition minus the sum
of (a) the amount, if any, of all taxes paid or payable by the US Borrower or any of its
Subsidiaries directly resulting from such Disposition (including the amount, if any, estimated by
the US Borrower in good faith at the time of such Disposition for taxes payable by the US Borrower
or any of its Subsidiaries on or measured by net income or gain resulting from such Disposition),
(b) the reasonable out-of-pocket costs and expenses incurred by the US Borrower or such Subsidiary
in connection with such Disposition (including reasonable brokerage fees paid to a Person other
than an Affiliate of the US Borrower, but excluding any fees or expenses paid to an Affiliate of
the US Borrower), (c) appropriate amounts required to be reserved (in accordance with GAAP) for
post-closing adjustments by the US Borrower or any of its Subsidiaries in connection with such
Disposition, against any liabilities retained by the US Borrower or any of its Subsidiaries after
such Disposition, which liabilities are associated with the Property being disposed, including
pension and other post-employment benefit liabilities and liabilities related to environmental
matters or against any indemnification obligations associated with such Disposition and (d)
deduction for Debt secured by the Property being disposed, which Debt is repaid as a result of such
Disposition. Any proceeds received in a currency other than US Dollars shall, for purposes of the
calculation of the amount of Net Proceeds, be in an amount equal to the US Dollar Equivalent
thereof as of the date of receipt thereof by the US Borrower or any of its Subsidiaries.

     “9.00% Notes” shall mean those 9.00% senior notes due 2014 issued pursuant to that
certain Senior Indenture dated as of December 15, 2003 between Hanover and Wachovia, as amended,
modified, supplemented or restated from time to time.

-24-

 

     “Non-Recourse Foreign Debt” shall mean Debt of any Foreign Subsidiary as to which
neither the US Borrower nor any Domestic Subsidiary (a) provides credit support of any kind
(including any guaranty, undertaking, agreement or instrument that would constitute Debt), (b) is
directly or indirectly liable as a guarantor or otherwise or (c) is the lender.

     “Notes” shall mean the promissory notes provided for by Section 2.06, together
with any and all renewals, extensions for any period, increases, rearrangements, substitutions or
modifications thereof.

     “Notice of Termination” shall have the meaning assigned such term in Section
5.06(a).

     “OFAC” shall have the meaning assigned such term in Section 7.13(b)(v).

     “Offering Memorandum” shall mean that certain Confidential Information Memorandum
dated as of July 2007 and pertaining to the $1,650,000,000 senior secured facilities, consisting of
the Revolving Credit Facility and the Term Loan Facility.

     “Offshore Currency” shall mean any lawful currency (other than US Dollars) that the
relevant Issuing Bank with respect to any Offshore Currency Letter of Credit, in its sole
reasonable opinion, at any time determines to be (a) freely traded in the offshore interbank
foreign exchange markets, (b) freely transferable and (c) freely convertible into US Dollars.

     “Offshore Currency Letter of Credit” shall mean any Letter of Credit denominated in an
Offshore Currency.

     “Omnibus Agreement” shall mean that certain Omnibus Agreement, dated as of October 20,
2006 among Holdings, Exterran (formerly Universal Compression, Inc.) and members of the EPLP Group,
as amended, modified, supplemented or restated from time to time and all exhibits and schedules
thereto.

     “OPA” shall have the meaning assigned such term in the definition of Environmental
Laws.

     “Organization Documents” shall mean, (a) with respect to any corporation, the
certificate or articles of incorporation and the bylaws (or equivalent or comparable constitutive
documents with respect to any non US jurisdiction); (b) with respect to any limited liability
company, the certificate or articles of formation or organization and operating agreement (or
equivalent or comparable constitutive documents with respect to any non US jurisdiction); and (c)
with respect to any partnership, joint venture, trust or other form of business entity, the
partnership, joint venture or other applicable agreement of formation or organization and any
agreement, instrument, filing or notice with respect thereto filed in connection with its formation
or organization with the applicable Governmental Authority in the jurisdiction of its formation or
organization and, if applicable, any certificate or articles of formation or organization of such
entity (or equivalent or comparable constitutive documents with respect to any non US
jurisdiction).

     “Other Taxes” shall have the meaning assigned such term in Section 4.06(b).

-25-

 

     “PBGC” shall mean the Pension Benefit Guaranty Corporation referred to and defined in
ERISA and any successor entity performing similar functions.

     “Percentage Share” shall mean for each US Tranche Revolving Lender, its US Tranche
Percentage, for each Canadian Tranche Revolving Lender, its Canadian Tranche Percentage and for
each Term Loan Lender, its Term Loan Percentage.

     “Permitted Liens” shall have the meaning assigned such term in Section 10.02.

     “Person” shall mean any individual, corporation, limited liability company or other
company, voluntary association, partnership, joint venture, trust, unincorporated organization or
government or any agency, instrumentality or political subdivision thereof, or any other form of
entity.

     “Plan” shall mean any employee pension benefit plan (other than a Multiemployer Plan)
subject to the provisions of Title IV of ERISA or Section 412 of the Code or Section 302 of ERISA,
and in respect of which the US Borrower, any Subsidiary or any ERISA Affiliate is (or,
if such plan were terminated, would under Section 4069 of ERISA be deemed to be) an “employer”
as defined in Section 3(5) of ERISA.

     “Post-Default Rate” shall mean, in respect of any principal of any Loan or any other
amount payable by a Borrower under this Agreement or any other Loan Document, a rate per annum
during the period equal to 2% per annum above the US Dollar Base Rate for US Tranche Loans and the
Canadian Prime Rate for Canadian Tranche Loans as in effect from time to time plus the Applicable
Margin (if any), but in no event to exceed the Highest Lawful Rate; provided
however, for US Dollar LIBOR Loans, the “Post-Default Rate” for such principal
shall be, for the period commencing on the date of occurrence of an Event of Default and ending on
the earlier to occur of the last day of the Interest Period therefor or the date all Events of
Default are cured or waived, 2% per annum above the interest rate for such Loan as provided in
Section 3.02(a), but in no event to exceed the Highest Lawful Rate.

     “Price” shall have the meaning assigned such term in the definition of BA Net
Proceeds.

     “Principal Amount” shall mean for a Bankers’ Acceptance, the face amount thereof, for
a BA Equivalent Loan, the principal amount thereof determined in accordance with Section
2.11(g) and for any other Loans, the LC Exposure or the Swingline Exposure, the outstanding
principal amount thereof.

     “Principal Offices” shall mean collectively, the Canadian Principal Office and the US
Principal Office.

     “Property” shall mean any interest in any kind of property or asset, whether real,
personal or mixed, or tangible or intangible.

     “Purchase Money Indebtedness” shall mean debt, the proceeds of which are used to
finance the acquisition, construction or improvement of inventory, equipment or other property in
the ordinary course of business.

-26-

 

     “Quarterly Date” shall mean the last day of each March, June, September and December,
in each year, the first of which shall be September 30, 2007; provided, however,
that if any such day is not a Business Day, such Quarterly Date shall be the immediately preceding
Business Day.

     “RCRA” shall have the meaning assigned such term in the definition of Environmental
Laws.

     “Recipient” shall have the meaning assigned such term in Section 4.06(a).

     “Register” shall have the meaning assigned such term in Section 13.06(b).

     “Regulation D” shall mean Regulation D of the Board of Governors of the Federal
Reserve System (or any successor), as the same may be amended or supplemented from time to time.

     “Regulatory Change” shall mean, with respect to any Lender, any change after the
Initial Funding Date in any Governmental Requirement (including Regulation D) or the adoption or
making after such date of any interpretations, directives or requests applying to a class of
lenders (including such Lender or its Applicable Lending Office) of or under any Governmental
Requirement (whether or not having the force of law) by any Governmental Authority charged with the
interpretation or administration thereof.

     “Related Fund” shall mean, with respect to any Term Loan Lender that is a fund that
invests in bank loans, any other fund that invests in bank loans and is advised or managed by the
same investment advisor as such Term Loan Lender or by an Affiliate (as defined in clause (a) only
of the definition of “Affiliate”) of such investment advisor.

     “Replacement Lenders” shall have the meaning assigned such term in Section
5.06(b).

     “Requesting Borrower” shall mean either the US Borrower or the Canadian Borrower, as
applicable, requesting a Loan.

     “Reserve Account” shall have the meaning assigned such term in Section
11.03(a).

     “Reserve Requirement” shall mean, for any Interest Period for any US Dollar LIBOR
Loan, the average maximum rate at which reserves (including any marginal, supplemental or emergency
reserves) are required to be maintained during such Interest Period under Regulation D by member
banks of the Federal Reserve System in New York City with deposits exceeding one billion US Dollars
against “Eurocurrency liabilities” (as such term is used in Regulation D). Without limiting the
effect of the foregoing, the Reserve Requirement shall reflect any other reserves required to be
maintained by such member banks by reason of any Regulatory Change against (a) any category of
liabilities which includes deposits by reference to which US LIBOR is to be determined as provided
in the definition of “US LIBOR” or (b) any category of extensions of credit or other assets
which include a US Dollar LIBOR Loan.

     “Responsible Officer” shall mean, as to any Person, the Chief Executive Officer, the
President or any Vice President of such Person and, with respect to financial matters, the term

-27-

 

“Responsible Officer” shall include the Chief Financial Officer and Vice President of
Finance and Treasury of such Person. Unless otherwise specified, all references to a Responsible
Officer herein shall mean a Responsible Officer of any Borrower.

     “Restricted Person” shall have the meaning assigned such term in Section
13.15.

     “Restricted Subsidiaries” shall mean all Subsidiaries that are not Unrestricted
Subsidiaries.

     “Revolving Borrowing” shall mean a Borrowing comprised of Revolving Loans.

     “Revolving Credit Facility” shall mean collectively, the US Tranche and the Canadian
Tranche.

     “Revolving Lenders” shall mean collectively, the US Tranche Revolving Lenders and the
Canadian Tranche Revolving Lenders.

     “Revolving Loan Maturity Date” shall mean the earlier to occur of (a) the fifth
anniversary of the Initial Funding Date, (b) the date that the Aggregate Revolving Commitments
are sooner terminated pursuant to Sections 2.03(b) or 2.03(c) or (c) the date
the Revolving Loans are accelerated pursuant to Section 11.02.

     “Revolving Loans” shall mean Loans made under the Revolving Credit Facility, including
any Swingline Loans.

     “Revolving Notes” shall mean Notes issued pursuant to Section 2.06 evidencing
Loans under the Revolving Credit Facility.

     “S&P” shall mean Standard & Poor’s Ratings Group, a division of The McGraw-Hill
Companies, Inc.

     “SEC” shall mean the Securities and Exchange Commission or any successor Governmental
Authority.

     “Secured Creditors” shall have the meaning assigned such term in Section
9.07(d)(ii).

     “Security Instruments” shall mean the Guaranty, the Guaranty Agreements, mortgages,
deeds of trusts, pledges and other agreements, instruments or certificates described or referred to
in Exhibit D and any and all other agreements, instruments, consents or certificates now or
hereafter executed and delivered by a Borrower or any Subsidiary in connection with, or as security
for the payment or performance of the Indebtedness, the Loans, this Agreement, or reimbursement
obligations under the Letters of Credit, as such agreements may be amended, supplemented or
restated from time to time.

     “Senior Secured Debt” shall mean all Total Debt that is secured (including the
Indebtedness to the extent included in Total Debt) and that is not expressly subordinated by its
terms to the Indebtedness.

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     “Senior Secured Leverage Ratio” shall mean the ratio of Senior Secured Debt to
Adjusted EBITDA.

     “7 1/4% Notes” shall mean those certain unsecured 7 1/4% senior notes due 2010 issued
pursuant to that certain Indenture dated as of May 27, 2003 between Exterran and The Bank of New
York, as amended, modified, supplemented or restated from time to time.

     “7 1/2% Notes” shall mean those certain unsecured 7 1/2% senior notes due 2013 issued
pursuant to that certain Senior Indenture dated as of December 15, 2003 between Hanover, Exterran
Energy Solutions, L.P. (formerly Hanover Compression Limited Partnership) and Wachovia, as amended,
modified, supplemented of restated from time to time.

     “SG&A Expense” shall mean the selling, general and administrative expenses of the US
Borrower and its Consolidated Subsidiaries determined in accordance with GAAP.

     “Significant Canadian Subsidiary” shall mean each Canadian Subsidiary of the US
Borrower (other than the Canadian Borrower) with domestic gross assets in Canada, excluding the
value of the Equity Interests of all of its Subsidiaries and any intercompany Debt owed to such
Canadian Subsidiary, exceeding $50,000,000 as of the most recent fiscal year end for which
financial statements are available. If the domestic gross asset value in Canada of the Canadian
Subsidiaries, excluding the value of the Equity Interests of all of its Subsidiaries and any
intercompany Debt owed to such Subsidiaries, that are not Canadian Guarantors exceeds $75,000,000
in the aggregate as of the most recent fiscal year end for which financial statements are
available, those Canadian Subsidiaries holding a majority of those assets shall each be a
Significant Canadian Subsidiary; provided that any Canadian Subsidiary that guarantees any
Debt in excess of $50,000,000 shall be deemed a Significant Canadian Subsidiary. Notwithstanding
the foregoing to the contrary, the Canadian Borrower shall be excluded from the application of this
definition of a Significant Canadian Subsidiary.

     “Significant Domestic Subsidiary” shall mean UCI MLP LP LLC so long as its domestic
gross assets in the US, including the value of the Equity Interests of all of its Subsidiaries and
any intercompany Debt owed to UCI MLP LP LLC exceeds $50,000,000 as of the most recent fiscal year
end for which financial statements are available and each US Domestic Subsidiary of the US Borrower
with domestic gross assets in the US, excluding the value of the Equity Interests of all of its
Subsidiaries and any intercompany Debt owed to such US Domestic Subsidiary, exceeding $50,000,000
as of the most recent fiscal year end for which financial statements are available. If the
domestic gross asset value in the US of the Domestic Subsidiaries, excluding the value of the
Equity Interests of all of its Subsidiaries and any intercompany Debt owed to such Subsidiaries,
that are not Subsidiary Guarantors exceeds $75,000,000 in the aggregate as of the most recent
fiscal year end for which financial statements are available, those Domestic Subsidiaries holding a
majority of those assets shall each be a Significant Domestic Subsidiary; provided that any
Domestic Subsidiary that guarantees any Debt in excess of $50,000,000 shall be deemed a Significant
Domestic Subsidiary. Notwithstanding the foregoing to the contrary, the General Partner and any
Subsidiary involved in or created in connection with or as a requirement of and still used in
connection with or subject to the ABS Facility shall be excluded from the application of this
definition of a Significant Domestic Subsidiary.

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     “Significant Foreign Subsidiary” shall mean any Foreign Subsidiary (other than
Significant Canadian Subsidiaries) with gross assets, excluding the value of the Equity Interests
of all of its Subsidiaries and any intercompany Debt owed to such Subsidiaries, exceeding
$50,000,000 as of the most recent fiscal year end for which financial statements are available.

     “Significant Subsidiaries” shall mean collectively, the Significant Canadian
Subsidiaries and the Significant Domestic Subsidiaries.

     “Special Entity” shall mean any joint venture, limited liability company or
partnership, general or limited partnership or any other type of partnership or company (other than
a corporation) in which the US Borrower or one or more of its other Subsidiaries is a member,
owner, partner or joint venturer and owns, directly or indirectly, at least a majority of the
equity of such entity or controls such entity, but excluding any tax partnerships that are not
classified as partnerships under state law. For purposes of this definition, any Person which owns
directly or indirectly an equity investment in another Person which allows the first Person to
manage or elect managers who manage the normal activities of such second Person will be deemed to
“control” such second Person (e.g. a sole general partner controls a limited partnership).

     “Subordinated Units” shall have the meaning assigned such term in the EPLP Partnership
Agreement.

     “Subsidiary” shall mean (a) any Person of which at least a majority of the outstanding
Equity Interests having by the terms thereof ordinary voting power to elect a majority of the board
of directors of such Person (irrespective of whether or not at the time Equity Interests of any
other class or classes of such Person shall have or might have voting power by reason of the
happening of any contingency) is at the time directly or indirectly owned or controlled by the US
Borrower or one or more of its Subsidiaries and (b) any Special Entity.

     “Subsidiary EBITDA” shall mean, for (a) UCI MLP LP LLC, UCI GP LP LLC, the General
Partner and UCO GP, LLC for any period, the aggregate EBITDA of such Restricted Subsidiaries, or
(b) any Unrestricted Subsidiary for any period, (i) EBITDA of such Unrestricted Subsidiary or (ii)
to the extent that Consolidated Net Income for such Unrestricted Subsidiary is not available, the
gross revenues of such Unrestricted Subsidiary for such period less (A) the cost of sales
(excluding depreciation expenses to the extent such expenses were deducted) associated with such
gross revenues and (B) a consolidated SG&A Expense allocated pro rata based on such gross revenues.

     “Subsidiary Guarantors” shall mean collectively, the Significant Domestic Subsidiaries
and the Significant Canadian Subsidiaries required to execute a guaranty agreement pursuant to
Section 9.07, excluding any ABS Subsidiary.

     “Support Letter of Credit” shall mean an irrevocable standby letter of credit issued
by a bank or other financial institution having upon issuance a senior unsecured long-term debt
rating of (a) A- or better from S&P, or (b) A3 or better from Moody’s.

     “Swingline Exposure” shall mean, at any time, the aggregate principal amount of all
Swingline Loans outstanding at such time. The Swingline Exposure of any US Tranche

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Revolving
Lender at any time shall be its Percentage Share of the total Swingline Exposure at such time.

     “Swingline Lender” shall mean Wachovia, in its capacity as lender of Swingline Loans
hereunder.

     “Swingline Loan” shall mean a Loan made pursuant to Section 2.01(a)(vi).

     “Taxes” shall have the meaning assigned such term in Section 4.06(a).

     “Term” shall mean with respect to Bankers’ Acceptances and BA Equivalent Loans, the
number of days from the Acceptance Date up to but not including the BA Maturity Date.

     “Term Commitment” shall mean, with respect to each Term Loan Lender, the commitment of
such Term Loan Lender to make Term Loans pursuant to Sections 2.01(a)(iv) and
2.01(a)(v), as such commitment may be (a) reduced or terminated from time to time pursuant
to Sections 2.03(c) or 5.06 or ARTICLE XI, (b) increased from time to time
pursuant to Section 2.03(a)(i) or (c) modified from time to time to reflect any Assignments
permitted under Section 13.06(b). The amount of each Term Loan Lender’s Term Commitment
shall be the amount as agreed between the US Administrative Agent and such Lender and on file with
the US Administrative Agent.

     “Term Credit Exposure” shall mean at any time, the aggregate Principal Amount of the
Term Loans outstanding at such time. The Term Credit Exposure of any Term Loan Lender at any time
shall be the aggregate Principal Amount of the Term Loans owed to such Lender at such time.

     “Term Loan” shall mean collectively, the Initial Term Loans and the Additional Term
Loans.

     “Term Loan Borrowing” shall mean a Borrowing comprised of Term Loans.

     “Term Loan Facility” shall mean the Term Commitments and the Term Loans.

     “Term Loan Lender” shall mean a Lender with an outstanding Term Loan.

     “Term Loan Maturity Date” shall mean the earlier to occur of (a) the sixth anniversary
of the Initial Funding Date, (b) the date that the Aggregate Term Commitments are sooner terminated
pursuant to Section 2.03(c) or (c) the date that the Term Loans are accelerated pursuant to
Section 11.02.

     “Term Loan Percentages” shall mean with respect to any Term Loan Lender, the
percentage set forth in the column titled “Term Loan Percentage” as agreed between the US
Administrative Agent and such Lender and on file with the US Administrative Agent or in the
Assignment pursuant to which such Term Loan Lender becomes a party hereto, as applicable.

     “Term Notes” shall mean Notes issued pursuant to Section 2.06 evidencing Loans
under the Term Loan Facility.

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     “Term Tranche” shall mean the Term Commitments and the Term Loans.

     “Terminated Lender” shall have the meaning assigned such term in Section
5.06(a).

     “Testing Period” shall mean a single period consisting of the four consecutive fiscal
quarters of the US Borrower then last ended (whether or not such quarters are all within the same
fiscal year); provided, however, that if a particular provision of this Agreement
indicates that a Testing Period shall be a different specified duration, such Testing Period shall
consist of the particular fiscal quarter or quarters then last ended which are so indicated in such
provision.

     “Total Debt” shall mean, at any time (without duplication), the sum of (a) 100% of the
long-term debt of the US Borrower and its Restricted Subsidiaries reflected on the consolidated
balance sheet of the US Borrower in accordance with GAAP, plus (b) any Debt that is not
reflected on the consolidated balance sheet of the US Borrower and its Restricted Subsidiaries
which has been used to finance assets that generate income included in EBITDA of the US Borrower
and its Consolidated Subsidiaries, plus (c) the current portion of the debt set forth in
(a) above, plus or minus (d) the mark to market obligations of the US Borrower and
its Restricted Subsidiaries under the Hedging Agreements.

     “Total Interest Expense” shall mean, for any period, the total consolidated interest
expense net of cash interest income of the US Borrower and its Restricted Subsidiaries for such
period (including the cash equivalent of the interest expense associated with Capital Lease
Obligations, but excluding (a) upfront fees paid in connection with this Agreement or the ABS
Facility, (b) Debt or lease issuance costs, debt discounts or premiums, and other financing fees
required to be amortized, (c) lease payments on any office equipment or real property, (d) any
principal components paid on all lease payments and (e) gains, losses or other charges as a result
of the early retirement of Debt). Total Interest Expense will be adjusted on a pro forma basis
(reasonably acceptable to the US Administrative Agent) for individual acquisitions and divestitures
in excess of $50,000,000, including projected synergies; provided, that Total Interest
Expense will be deemed to be $30,500,000 for each of the fiscal quarters ending September 30, 2006,
December 31, 2006, March 31, 2007 and June 30, 2007. Total Interest Expense attributable to Debt
of the US Borrower and its Restricted Subsidiaries for the fiscal quarter ending September 30, 2007
shall be determined pro forma as if the Debt of the US Borrower and its Restricted Subsidiaries
outstanding as of September 30, 2007 would have been outstanding the entire quarter.

     “Total Leverage Ratio” shall mean the ratio of Total Debt to Adjusted EBITDA.

     “Tranches” shall mean collectively, the Canadian Tranche, the US Tranche and the Term
Tranche.

     “Transfer” shall mean to sell, lease, assign, exchange, convey or otherwise transfer.

     “Transferred Subsidiary” shall have the meaning assigned such term in Section
9.07(d)(ii).

     “Treasury Management Agreement” shall mean any agreement governing the provision of
treasury or cash management services, including deposit accounts, overdrafts, funds transfer,

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automated clearinghouse, zero balance accounts, returned check concentration, controlled
disbursement, lockbox, account reconciliation and reporting and trade finance services provided by
a Lender or a Lender Affiliate.

     “Type” as to any Loan or Borrowing, its nature as a US Dollar Base Rate Loan or a US
Dollar Base Rate Borrowing, a US Dollar LIBOR Loan or a US Dollar LIBO Rate Borrowing, a US Dollar
LIBOR Reference Rate Loan or a US Dollar LIBOR Reference Rate Borrowing, a Canadian Prime Rate Loan
or a Canadian Prime Rate Borrowing, a Bankers’ Acceptance or a BA Equivalent Loan, a Revolving Loan
or Revolving Borrowing or a Term Loan or Term Loan Borrowing.

     “Unrestricted Subsidiary” shall mean EPLP and all of its Subsidiaries, the
Subsidiaries set forth on Schedule 10.05 and any Subsidiary designated as an Unrestricted
Subsidiary in accordance with Section 10.05, and any of its Subsidiaries.

     “US” or “United States” shall mean the United States of America, its fifty
states, and the District of Columbia.

     “US Commitment Fee” shall have the meaning assigned such term in Section
2.04(a)(i).

     “US Dollar Base Rate” shall mean, with respect to any US Dollar Base Rate Borrowing,
for any day, the higher of (a) the Federal Funds Rate for any such day plus 1/2 of 1% or (b) the
US Prime Rate for such day. Each change in any interest rate provided for herein based upon
the US Dollar Base Rate resulting from a change in the US Dollar Base Rate shall take effect at the
time of such change in the US Dollar Base Rate.

     “US Dollar Base Rate Loans” shall mean Loans that bear interest at rates based upon
the US Dollar Base Rate.

     “US Dollar Equivalent” shall mean, at any time of determination thereof, the amount of
US Dollars involved which could be purchased with the applicable amount of the Alternate Currency
involved computed at the spot rate of exchange as quoted or utilized by the US Administrative Agent
on the date of determination thereof.

     “US Dollar Equivalent Amount” shall mean at any Borrowing, conversion or continuation
date for any Canadian Tranche Loan, the amount of US Dollars into which such Canadian Tranche Loan
may be converted at the Bank of Canada noon spot rate of exchange for such date in Toronto, Canada
at approximately 12:00 noon Eastern time on such date. In addition, the “US Dollar Equivalent
Amount” of all outstanding Canadian Tranche Loans may be calculated at any time in the sole
discretion of the US Administrative Agent and shall equal the amount of US Dollars into which all
outstanding Canadian Tranche Loans may be converted at the Bank of Canada noon spot rate of
exchange for such date in Toronto, Canada at approximately 12:00 noon Eastern time on such date.

     “US Dollar LIBO Rate” shall mean, with respect to any US Dollar LIBO Rate Borrowing, a
rate per annum (rounded upwards, if necessary, to nearest 1/100 of 1%) determined by the US
Administrative Agent to be equal to the quotient of (a) US LIBOR for such Loan for

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the Interest
Period for such Loan divided by (b) 1 minus the Reserve Requirement for such Loan for such Interest
Period.

     “US Dollar LIBOR Loans” shall mean Loans denominated in US Dollars that bear interest
at a rate based upon the US Dollar LIBO Rate.

     “US Dollar LIBOR Reference Rate” means a rate of interest for Swingline Loans
determined by reference to the US Dollar LIBO Rate for a one (1) month interest period that would
be applicable for a Revolving Loan, as that rate may fluctuate in accordance with changes in the US
Dollar LIBO Rate as determined on a day-to-day basis.

     “US Dollar LIBOR Reference Rate Loans” shall mean Loans denominated in US Dollars that
bear interest at a rate based upon the US Dollar LIBOR Reference Rate.

     “US Dollars” and “$” shall mean lawful money of the United States of America.

     “US Lender” shall mean a Lender who is either a US Tranche Revolving Lender or a Term
Loan Lender.

     “US LIBOR” shall mean, with respect to any US Dollar LIBO Rate Borrowing for any
Interest Period, the rate appearing on Page 3750 of Bridge’s Telerate Service (or on any successor
or substitute page of such Service, or any successor to or substitute for such Service, providing
rate quotations comparable to those currently provided on such page of such Service,
as determined by the Administrative Agent from time to time for purposes of providing
quotations of interest rates applicable to dollar deposits in the London interbank market) at
approximately 11:00 a.m., London time, two (2) Business Days prior to the commencement of such
Interest Period, as the rate for dollar deposits with a maturity comparable to such Interest
Period. In the event that such rate is not available at such time for any reason, then the “US
LIBOR” with respect to such US Dollar LIBO Rate Borrowing for such Interest Period shall be the
rate at which dollar deposits of $5,000,000 and for a maturity comparable to such Interest Period
are offered by leading reference banks in the London interbank market to the US Administrative
Agent in immediately available funds at approximately 11:00 a.m., London time, two (2) Business
Days prior to the commencement of such Interest Period.

     “US Prime Rate” shall mean the rate of interest per annum publicly announced from time
to time by Wachovia as its prime rate at its US Principal Office. Each change in the US Prime Rate
shall be effective from and including the date such change is publicly announced as being
effective.

     “US Principal Office” shall mean the principal office of the US Administrative Agent,
which on the date of this Agreement is located at 301 South College Street, Charlotte, North
Carolina 28288.

     “US Tranche” shall mean the US Tranche Commitments, the US Tranche Loans, the LC
Exposure and the Swingline Exposure.

     “US Tranche Commitment” shall mean with respect to each US Tranche Revolving Lender,
the commitment of such US Tranche Revolving Lender to make US Tranche Loans

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pursuant to Section
2.01(a)(i), to acquire participations in Letters of Credit pursuant to Section 2.01(b)
and to acquire participations in Swingline Loans pursuant to Section 2.01(a)(vi), as such
commitment may be (a) reduced or terminated from time to time pursuant to Sections 2.03(b),
 2.03(c), or 5.06 or ARTICLE XI,(b) increased from time to time pursuant to
Section 2.03(a)(i), or (c) modified from time to time to reflect any Assignments permitted
under Section 13.06(b); provided, during a Canadian Allocation Period, the US
Tranche Commitment of any US Tranche Revolving Lender that is or has a branch or Affiliate that is
a Canadian Tranche Revolving Lender shall be reduced by the Canadian Allocated Commitment of such
Canadian Tranche Revolving Lender. The initial amount of each US Tranche Revolving Lender’s US
Tranche Commitment shall be the amount as agreed between the US Administrative Agent and such
Lender and on file with the US Administrative Agent.

     “US Tranche Credit Exposure” shall mean at any time, the sum of the aggregate
Principal Amount of the US Tranche Loans and LC Exposure outstanding at such time. The US Tranche
Credit Exposure of any US Tranche Revolving Lender at any time shall be such US Tranche Revolving
Lender’s US Tranche Percentage of the total US Tranche Credit Exposure at such time.

     “US Tranche Loans” shall mean the Revolving Loans pursuant to Sections
2.01(a)(i) and 2.01(a)(vi). Each US Tranche Loan shall be either a US Dollar LIBOR
Loan, US Dollar LIBOR Reference Rate Loan or a US Dollar Base Rate Loan.

     “US Tranche Percentage” shall mean:

     (a) at any time the US Tranche Commitments remain outstanding, a fraction (expressed as a
percentage, carried out to the sixth decimal place), the numerator of which is the amount
of the US Tranche Commitment of such US Tranche Revolving Lender at such time and the
denominator of which is the amount of the Aggregate US Tranche Commitments at such time;
and

     (b) upon the termination or expiration of the Aggregate Revolving Commitments, a fraction
(expressed as a percentage, carried out to the sixth decimal place), the numerator of which
is:

     the sum of

     (i) the outstanding amount of US Tranche Loans of such US Tranche Revolving Lender plus

     (ii) an amount equal to (A) the outstanding amount of US Tranche Loans of such US Tranche
Revolving Lender, divided by (B) the outstanding amount of US Tranche Loans of all US Tranche
Revolving Lenders, times (C) the LC Exposure, and

     the denominator of which is the US Tranche Credit Exposure; provided that if
such calculation results in a number that is zero, then the US Tranche Percentage shall be deemed
to be the most recent US Tranche Percentage immediately prior to the termination or expiration of
the Aggregate Revolving Commitments.

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The initial US Tranche Percentage of each US Tranche Revolving Lender is the percentage as agreed
between the US Administrative Agent and such Lender and on file with the US Administrative Agent or
in the Assignment pursuant to which such US Tranche Revolving Lender becomes a party hereto, as
applicable.

     “US Tranche Revolving Lender” shall mean a Lender with a US Tranche Commitment or with
outstanding US Tranche Credit Exposure.

     “USA Patriot Act” shall have the meaning assigned such in Section 7.13(a).

     “Wachovia” shall mean Wachovia Bank, National Association and its successors.

     “Wachovia Canada” shall mean Wachovia Capital Finance Corporation (Canada) and its
successors.

     “Weighted Average Life to Maturity” shall mean, when applied to any Debt at any date,
the number of years obtained by dividing (a) the sum of the products obtained by multiplying (i)
the amount of each then remaining installment, sinking fund, serial maturity or other required
payments of principal, including payment at final maturity, in respect thereof, by (ii) the number
of years (calculated to the nearest one-twelfth) that will elapse between such date and the making
of such payment, by (b) the then outstanding principal amount of such Debt.

     “Withdrawal Liability” shall mean liability to a Multiemployer Plan as a result of a
complete or partial withdrawal from such Multiemployer Plan, as such terms are defined in Part I of
Subtitle E of Title IV of ERISA.

     Section 1.03 Accounting Terms and Determinations. Unless otherwise specified herein, all accounting terms used herein shall be interpreted,
all determinations with respect to accounting matters hereunder shall be made, and all financial
statements, certificates and reports as to financial matters required to be furnished to the
Administrative Agents or the Lenders hereunder shall be prepared, in accordance with GAAP, applied
on a basis consistent with the audited financial statements of the US Borrower and its Consolidated
Subsidiaries referred to in Section 7.02 (except for changes concurred with by the US
Borrower and its Consolidated Subsidiaries’ independent public accountants); provided that,
if the US Borrower notifies the US Administrative Agent that it requests an amendment to any
provision hereof to eliminate the effect of any change occurring after the date hereof in GAAP
(including any Statement of Financial Accounting Standards) affecting the calculation of any
financial covenant (or if the US Administrative Agent notifies the US Borrower that the Majority
Lenders request an amendment to any provision hereof for such purpose), regardless of whether any
such notice is given before or after such change in GAAP affecting the calculation of any financial
covenant, then such provision shall be interpreted on the basis of GAAP as in effect and applied
immediately before such change shall have become effective until such notice shall have been
withdrawn or such provision amended in accordance herewith.

     Section 1.04 Terms Generally; Rules of Construction. The following terms which are defined in the Uniform Commercial Code in effect in the State of
Texas on the date hereof are used herein as so defined: Accounts, Chattel Paper, Documents,
Equipment, General Intangibles, Instruments and Inventory. All references in this Agreement to
Exhibits, Schedules,

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articles, sections, subsections and other subdivisions refer to the Exhibits,
Schedules, articles, sections, subsections and other subdivisions of this Agreement unless
expressly provided otherwise. All references in this Agreement to any Person shall include a
reference to such Person’s successors and assigns. Titles appearing at the beginning of any
subdivisions are for convenience only and do not constitute any part of such subdivisions and shall
be disregarded in construing the language contained in such subdivision. The words “this
Agreement,” “this instrument,” “herein,” “hereof,” “hereby,” “hereunder” and words of similar
import refer to this Agreement as a whole and not to any particular subdivision unless expressly so
limited. The phrases “this section” and “this subsection” and similar phrases refer only to the
sections or subsections hereof in which such phrases occur. The word “or” is not exclusive, and
the word “including” (in its various forms) means “including, without limitation,”. Pronouns in
masculine, feminine and neuter genders shall be construed to include any other gender, and words in
the singular form shall be construed to include the plural and vice versa, unless the context
otherwise requires.

ARTICLE II

Commitments

     Section 2.01 Loans and Letters of Credit.

     (a) Loans.

     (i) US Tranche Loans. Each US Tranche Revolving Lender severally agrees, on
the terms and conditions of this Agreement, to make Revolving Loans to the US Borrower in US
Dollars during the period from and including (A) the Initial Funding Date or (B) such later
date that such Lender becomes a party to this Agreement as provided in Section
13.06(b), to and up to, but excluding, the Revolving Loan Maturity Date in an aggregate
Principal Amount at any one time outstanding up to, but not exceeding, the amount of such
Lender’s US Tranche Commitment as then in effect, minus the LC Exposure of such
Lender at such time. Subject to the terms of this Agreement, during the period from the
Initial Funding Date to and up to, but excluding, the Revolving Loan Maturity Date, the US
Borrower may borrow, repay and reborrow the amount described in this Section
2.01(a)(i).

     (ii) Canadian Tranche Loans. Subject to Section 2.11, during the
period from and including (A) the Initial Funding Date or (B) such later date that such
Lender becomes a party to this Agreement as provided in Section 13.06(b), to and up
to, but excluding, the Revolving Loan Maturity Date, each Canadian Tranche Revolving Lender
severally agrees, on the terms and conditions of this Agreement, (1) to make Canadian
Tranche Loans to the Canadian Borrower in Canadian Dollars or US Dollars at the election of
the Canadian Borrower and (2) to accept and purchase Bankers’ Acceptances from (or, at the
option of any Canadian Tranche Revolving Lender in accordance with Section 2.11(g)
hereof, make BA Equivalent Loans in lieu of purchasing a Bankers’ Acceptance to) the
Canadian Borrower. The Canadian Tranche Loans, if in US Dollars, will be either US Dollar
LIBOR Loans or US Dollar Base Rate Loans and, if in Canadian Dollars, will be either
Canadian Prime Rate Loans, Bankers’ Acceptances or BA Equivalent Loans. Each Canadian
Tranche Revolving Lender’s Canadian Tranche Credit

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Exposure shall not exceed the amount of
such Lender’s Canadian Allocated Commitment as then in effect; provided,
however, that the aggregate Principal Amount of all such Canadian Tranche Loans by
all Canadian Tranche Revolving Lenders hereunder at any one time outstanding shall not
exceed the Canadian Allocated Aggregate Commitments as then in effect. Within the foregoing
limits, the Canadian Borrower may use the Canadian Allocated Aggregate Commitments by
borrowing, repaying and (except for Bankers’ Acceptances and BA Equivalent Loans unless in
accordance with Section 2.11(m)) prepaying the Canadian Tranche Loans in whole or in
part, and reborrowing, all in accordance with the terms and conditions hereof.

     (iii) Maximum Amount of Revolving Loans. The Combined Revolving Credit
Exposure shall not exceed the Aggregate Revolving Commitments at any time.

     (iv) Initial Term Loans. Subject to the terms and conditions hereof, each Term
Loan Lender severally agrees to make a senior secured amortizing term loan to the US
Borrower on the Initial Funding Date in the Principal Amount of up to, but not exceeding,
the amount of such Term Loan Lender’s Term Commitment. Once repaid or prepaid, Initial Term
Loans may not be reborrowed.

     (v) Additional Term Loans. Subject to the terms and conditions hereof and in
the applicable Commitment Increase Certificate, each Additional Term Loan Lender in
connection with such Commitment Increase severally agrees to make additional senior secured
amortizing term loans (each, an “Additional Term Loan”, and collectively, the
“Additional Term Loans”) to the US Borrower on the Additional Funding Date in the
Principal Amount of up to, but not exceeding, the amount of such Additional Term Loan
Lender’s Additional Term Loan Commitment as set forth in the applicable Commitment Increase
Certificate. Once repaid or prepaid, Additional Term Loans may not be reborrowed.

     (vi) Swingline Loans.

     A. Subject to the terms and conditions set forth herein, the Swingline Lender
agrees to make Swingline Loans to the US Borrower from time to time during the
period from and including the Initial Funding Date to and up to, but excluding, the
Revolving Loan Maturity Date, in an aggregate Principal Amount at any time
outstanding that will not result in (i) the aggregate Principal Amount of
outstanding Swingline Loans exceeding $50,000,000, (ii) the sum of the Swingline
Lender’s US Tranche Exposure exceeding its US Tranche Commitment, (iii) the
aggregate US Tranche Credit Exposure exceeding the Aggregate US Tranche Commitments
or (iv) the US Tranche Credit Exposure of any US Tranche Revolving Lender exceeding
its US Tranche Commitment; provided that the Swingline Lender shall not be
required to make a Swingline Loan to refinance an outstanding Swingline Loan. The
US Borrower shall pay to the US Administrative Agent, for the account of the
Swingline Lender or each US Tranche Revolving Lender, as applicable, pursuant to
Section 2.01(a)(vi)(C), the outstanding aggregate principal and accrued and
unpaid interest under each Swingline Loan no later than fifteen (15) days following
such Swingline

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Borrowing. Within the foregoing limits and subject to the terms and
conditions set forth herein, the US Borrower may borrow, prepay and reborrow
Swingline Loans.

B. To request a Swingline Loan, the US Borrower shall notify the US
Administrative Agent of such request by written notice (or telephonic notice
promptly confirmed by such written notice) in the form of Exhibit B-1, not
later than 12:00 noon Eastern time on the date of the proposed Swingline Loan. Each
such notice shall be irrevocable and shall specify the requested date (which shall
be a Business Day), Type and amount of the requested Swingline Loan. The US
Administrative Agent will promptly advise the Swingline Lender of any such notice
received from the US Borrower. The Swingline Lender shall make each Swingline Loan
available to the US Borrower by means of a credit to the general
deposit account of the US Borrower with the Swingline Lender by 3:00 p.m.
Eastern time, on the requested date of such Swingline Loan.

C. The US Tranche Revolving Lenders shall participate in Swingline Loans
according to their respective US Tranche Percentages. Upon any Swingline Borrowing,
the US Administrative Agent shall give notice thereof to each US Tranche Revolving
Lender, specifying in such notice their respective US Tranche Percentage of such
Swingline Loan or Loans. Each US Tranche Revolving Lender hereby absolutely and
unconditionally agrees, upon receipt of notice as provided above, to pay to the US
Administrative Agent, for the account of the Swingline Lender, such US Tranche
Revolving Lender’s Percentage Share of such Swingline Loan or Loans. Each US
Tranche Revolving Lender acknowledges and agrees that its obligation to acquire
participations in Swingline Loans pursuant to this paragraph is absolute and
unconditional and shall not be affected by any circumstance whatsoever, including
the occurrence and continuance of a Default or reduction or termination of the
Aggregate Revolving Commitments, and that each such payment shall be made without
any offset, abatement, withholding or reduction whatsoever. Each US Tranche
Revolving Lender shall comply with its obligation under this paragraph by wire
transfer of immediately available funds, in the same manner as provided in
Section 2.02 with respect to Loans made by such US Tranche Revolving Lender
(and Section 2.02 shall apply, mutatis mutandis, to the payment obligations
of the US Tranche Revolving Lenders), and the US Administrative Agent shall promptly
pay to the Swingline Lender the amounts so received by it from the US Tranche
Revolving Lenders and shall distribute the payments received from the US Borrower to
the Swingline Lender and US Tranche Revolving Lenders as their interests appear with
respect to such Swingline Loans. The US Administrative Agent shall notify the US
Borrower of any participations in any Swingline Loan acquired pursuant to this
paragraph. The purchase of participations in a Swingline Loan pursuant to this
paragraph shall not relieve the US Borrower of any default in the payment thereof.

     (b) Letters of Credit. During the period from and including the Initial Funding Date
to, but excluding, the 30th day prior to the Revolving Loan Maturity Date, the

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Issuing Banks, as
issuing bank for the US Tranche Revolving Lenders, agree to extend credit for the account of the US
Borrower at any time and from time to time by issuing, renewing, extending or reissuing Letters of
Credit; provided however, (A) the LC Exposure at any one time outstanding shall not
exceed $500,000,000 and (B) after giving effect to the issuance, extension or renewal of any Letter
of Credit, the US Tranche Credit Exposure of any Revolving Lender shall not exceed such Lender’s US
Tranche Commitment then in effect. The US Tranche Revolving Lenders shall participate in such
Letters of Credit according to their respective US Tranche Percentages. Each of the Letters of
Credit shall (1) be issued by the Issuing Banks on a sight basis only, (2) contain such terms and
provisions as are reasonably required by the applicable Issuing Bank, (3) be in the name of the US
Borrower or its affiliates and (4) expire not later than five (5) Business Days before the
Revolving Loan Maturity Date. The US Borrower may request that one or more Letters of Credit be
issued in an Offshore Currency denomination as part of the LC Exposure. The aggregate US Dollar
Equivalent of all Offshore Currency
Letters of Credit, as of the issuance date of any such Offshore Currency Letter of Credit,
shall not exceed $500,000,000. No Issuing Bank shall be obligated to issue an Offshore Currency
Letter of Credit if such Issuing Bank has determined, in its sole discretion, that it is unable to
fund obligations in the requested Offshore Currency; provided, however, the US
Administrative Agent shall use its best efforts to locate suitable issuers if no Issuing Banks are
able to fund obligations in the requested Offshore Currency. From and after the Initial Funding
Date, the Existing Letters of Credit shall be deemed to be Letters of Credit issued pursuant to
this Section 2.01(b). The Existing Letters of Credit are described on Schedule
2.01(b).

Notwithstanding anything to the contrary contained in this Agreement, including this Section
2.01(b), the expiration date of one or more Letters of Credit may extend beyond the Revolving
Loan Maturity Date; provided, however, it is hereby expressly agreed and understood
that:

     (i) the aggregate face amount of all such Letters of Credit shall not at any time
exceed $150,000,000;

     (ii) the expiration dates of such Letters of Credit shall not extend more than three
(3) years beyond the Revolving Loan Maturity Date;

     (iii) the US Borrower shall, not later than five (5) Business Days prior to the
Revolving Loan Maturity Date, deposit in an account with the US Administrative Agent, in the
name of the US Administrative Agent for the benefit of the US Administrative Agent and the
Issuing Banks, an amount in cash or one or more Support Letters of Credit equal to the
aggregate face amount of all such Letters of Credit as of such date; provided that
for all Offshore Currency Letters of Credit, the US Borrower shall deposit an amount in cash
or one or more Support Letters of Credit equal to 110% of the aggregate face amount of all
such Offshore Currency Letters of Credit and will have a continuing obligation to maintain
in such account at least an amount in cash or one or more Support Letters of Credit equal to
110% of the aggregate face amount of all such Offshore Currency Letters of Credit based on
the then US Dollar Equivalent, and the US Administrative Agent shall have exclusive dominion
and control (including the exclusive right of withdrawal) over such account;

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     (iv) if the Issuing Banks make any disbursement in connection with a Letter of Credit
after the Revolving Loan Maturity Date, such disbursement shall be an advance on behalf of
the US Borrower under this Agreement and shall be reimbursed to the Issuing Banks either (A)
by the US Administrative Agent applying amounts in the cash collateral account or proceeds
of any draw on any Support Letter of Credit referred to in clause (iii) above until
reimbursed in full, or (B) by the US Borrower pursuant to Section 2.10 (except that
the US Borrower shall not have the right to request that the US Tranche Revolving Lenders
make, and the US Tranche Revolving Lenders shall not have any obligation to make, a Loan
under this Agreement after the Revolving Loan Maturity Date to fund any such disbursement);
and

     (v) all such disbursements referred to in clause (iv) of this Section 2.01(b)
shall be secured only by the cash collateral and Support Letters of Credit referred to in
clause (iii) of this Section 2.01(b) and the US Borrower hereby grants, and by each
deposit of such cash collateral with the US Administrative Agent grant, to the US
Administrative Agent a first-priority security interest in all such cash collateral,
without any further action on the part of the Issuing Banks, the US Borrower, the US
Administrative Agent, any US Tranche Revolving Lender or any other Person now or hereafter
party hereto (other than any action the US Administrative Agent reasonably deems necessary
to perfect such security interest, which action the US Borrower hereby authorizes the US
Administrative Agent to take), until same are reimbursed in full.

If, on the later of the Revolving Loan Maturity Date or the Term Loan Maturity Date (A) the US
Tranche Commitments have been terminated, (B) the Loans, all interest thereon and all other amounts
payable by the Borrowers hereunder or in connection herewith (other than the LC Exposure in
connection with any Letter of Credit having an expiration date extending beyond the Revolving Loan
Maturity Date as permitted under Section 2.01(b)) have been paid in full, and (C) the
conditions set forth in clause (iii) above have been fully satisfied, then from and after such date
the following provisions of this Agreement shall not be operative: Sections 9.01 (other
than Section 9.01(a), which shall remain operative), 9.02, 9.03,
9.04, 9.07, 9.08, 9.09, 9.10, 10.01, 10.02,
10.03, 10.04, 10.05, 10.06, 10.07, 10.08,
10.09, 10.10, 10.11, 10.12, 10.13, 10.14,
10.15 and 10.16.

If, after payment in full of all Indebtedness of the Borrowers under the Loan Documents (including
without limitation, reimbursement obligations with respect to Letters of Credit) and the expiration
or cancellation of all outstanding Letters of Credit, there remains any amount on deposit in the
cash collateral account referred to in clause (iii) above, the US Administrative Agent shall,
within three (3) Business Days after all such Indebtedness is paid in full and all outstanding
Letters of Credit have expired or been cancelled, return such amount to the US Borrower.

     (c) Limitation on Types of Loans. Subject to the other terms and provisions of this
Agreement, at the option of the US Borrower, the US Tranche Loans may be US Dollar Base Rate Loans
or US Dollar LIBOR Loans and, US Dollar LIBOR Reference Rate Loans with respect to Swingline Loans,
and at the option of the Canadian Borrower, the Canadian Tranche Loans may be Canadian Prime Rate
Loans, Bankers’ Acceptances, BA Equivalent Loans, US Dollar Base Rate Loans or US Dollar LIBOR
Loans; provided that, without the prior written

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consent of the Majority Lenders, no more
than ten (10) US Dollar LIBO Rate Borrowings and five (5) Bankers’ Acceptances or BA Equivalent
Loans may be outstanding at any time with respect to the Revolving Credit Facility. Subject to the
other terms and provisions of this Agreement, at the option of the US Borrower, the Term Loans may
be US Dollar Base Rate Loans or US Dollar LIBOR Loans; provided that, without the prior
written consent of the Majority Lenders, no more than ten (10) US Dollar LIBO Rate Borrowings may
be outstanding at any time with respect to the Term Loan Facility.

Section 2.02 Borrowings, Continuations and Conversions, Letters of Credit.

          (a) Borrowings. Except as otherwise provided in Section 2.01(a)(iv), the
Borrowers shall give the US Administrative Agent (which shall promptly notify the Lenders including
the Canadian Administrative Agent) advance notice as hereinafter provided of each Borrowing
hereunder, which shall specify (i) the aggregate amount of such Borrowing, (ii) the
Type (in each case stating the amounts and currency requested), (iii) the date (which shall be
a Business Day) of the Loans to be borrowed, (iv) (in the case of US Dollar LIBOR Loans) the
duration of the Interest Period therefor and (v) the location and number of the Requesting
Borrower’s account. Notwithstanding the foregoing, all Borrowings by way of Bankers’ Acceptances
and BA Equivalent Loans shall be made pursuant to Section 2.11.

          (b) Minimum Amounts. Except as otherwise provided in Section 2.01(a)(iv), all
US Dollar Base Rate Borrowings, US Dollar LIBOR Reference Rate Borrowings and Canadian Prime Rate
Borrowings shall be in amounts of at least $250,000 or with respect to any Revolving Borrowing, the
remaining balance of the Aggregate US Tranche Commitments or the Canadian Allocated Aggregate
Commitments, as applicable, if less, or the amount of a Borrowing to fund a Letter of Credit
pursuant to Section 2.10(a), if less, or any whole multiple of $250,000 in excess thereof,
and all US Dollar LIBO Rate Borrowings shall be in amounts of at least $1,000,000 or the amount of
a Borrowing to fund a Letter of Credit pursuant to Section 2.10(a), if less, or any whole
multiple of $500,000 in excess thereof.

          (c) Notices. Except as otherwise provided in Section 2.01(a)(iv), the initial
Borrowing and all subsequent Borrowings, continuations and conversions shall require advance
written notice to the US Administrative Agent (which shall promptly notify the Lenders including
the Canadian Administrative Agent) in the form of Exhibits B-1 and B-2, as
applicable (or telephonic notice promptly confirmed by such a written notice), which in each case
shall be irrevocable, from the Requesting Borrower to be received by the US Administrative Agent
not later than (i) 12:00 noon Eastern time on the date of each US Dollar Base Rate Borrowing, (ii)
12:00 noon Eastern time one (1) Business Day prior to the date of each Canadian Prime Rate
Borrowing and (iii) three (3) Business Days prior to the date of each US Dollar LIBO Rate
Borrowing, continuation or conversion. Without in any way limiting the Requesting Borrower’s
obligation to confirm in writing any telephonic notice, the US Administrative Agent may act without
liability upon the basis of telephonic notice believed by the US Administrative Agent in good faith
to be from the Requesting Borrower prior to receipt of written confirmation. In each such case,
the Requesting Borrower hereby waives the right to dispute the US Administrative Agent’s record of
the terms of such telephonic notice except in the case of gross negligence or willful misconduct by
the US Administrative Agent, its officers, employees, agents or representatives.

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     (d) Continuation Options. Subject to the provisions made in this Section
2.02(d), the Borrowers may elect to continue all or any part of any US Dollar LIBO Rate
Borrowing beyond the expiration of the then current Interest Period relating thereto by giving
advance notice as provided in Section 2.02(c) to the US Administrative Agent (which shall
promptly notify the Lenders including the Canadian Administrative Agent) of such election,
specifying the amount of such Borrowing to be continued and the Interest Period therefor. In the
absence of such a timely and proper election, the Borrowers shall be deemed to have elected to
convert such US Dollar LIBO Rate Borrowing to a US Dollar Base Rate Borrowing, pursuant to
Section 2.02(e). All or any part of any US Dollar LIBO Rate Borrowing may be continued as
provided herein, provided that (i) any continuation of any such Borrowing shall be (as to
each Borrowing as continued for an applicable Interest Period) in amounts of at least $1,000,000 or
any whole multiple of $500,000 in excess thereof and (ii) no Default shall have occurred and be
continuing. If a Default shall have occurred and be continuing, each US Dollar LIBO Rate
Borrowing shall be converted to a US Dollar Base Rate Borrowing on the last day of the
Interest Period applicable thereto.

     (e) Conversion Options. The Borrowers may elect to convert all or any part of any US
Dollar LIBO Rate Borrowing on the last day of the then current Interest Period relating thereto to
(i) for the US Tranche or Term Tranche, a US Dollar Base Rate Borrowing and (ii) for the Canadian
Tranche, a US Dollar Base Rate Borrowing, a Canadian Prime Rate Borrowing or (subject to
Section 2.11) a Bankers’ Acceptance or BA Equivalent Loan Borrowing by giving advance
notice to the US Administrative Agent (which shall promptly notify the Lenders including the
Canadian Administrative Agent) of such election. Subject to the provisions made in this
Section 2.02(e), the Borrowers may elect to convert all or any part of any US Dollar Base
Rate Borrowing at any time and from time to time to (A) for the US Tranche or Term Tranche, a US
Dollar LIBO Rate Borrowing and (B) for the Canadian Tranche, a US Dollar LIBO Rate Borrowing, a
Canadian Prime Rate Borrowing or (subject to Section 2.11) a Bankers’ Acceptance or BA
Equivalent Loan Borrowing by giving advance notice as provided in Section 2.02(c) to the US
Administrative Agent (which shall promptly notify the Lenders including the Canadian Administrative
Agent) of such election. Subject to the provisions made in this Section 2.02(e), the
Canadian Borrower may elect to convert all or any part of any Canadian Prime Rate Borrowing at any
time and from time to time to a US Dollar LIBO Rate Borrowing, a US Dollar Base Rate Borrowing or
(subject to Section 2.11) a Bankers’ Acceptance or BA Equivalent Loan Borrowing by giving
advance notice as provided in Section 2.02(c) to the US Administrative Agent (which shall
promptly notify the Lenders including the Canadian Administrative Agent) of such election. All or
any part of any outstanding Borrowing may be converted as provided herein, provided that
(x) any conversion of any US Dollar Base Rate Borrowing into a US Dollar LIBO Rate Borrowing shall
be (as to each such Borrowing into which there is a conversion for an applicable Interest Period)
in amounts of at least $1,000,000 or any whole multiple of $500,000 in excess thereof and (y) no
Default shall have occurred and be continuing. If a Default shall have occurred and be continuing,
no US Dollar Base Rate Borrowing may be converted into a US Dollar LIBO Rate Borrowing.

     (f) Advances. Except as otherwise provided in Section 2.01(a)(iv), not later
than 1:00 p.m. Eastern time on the date specified for each Borrowing hereunder, each Applicable
Lender shall make available the amount of the Loan to be made by it on such date to the Applicable
Administrative Agent, to an account which such Administrative Agent shall specify,

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in immediately
available funds, for the account of the Requesting Borrower. The amounts so received by the
Applicable Administrative Agent shall, subject to the terms and conditions of this Agreement, be
made available to the Requesting Borrower by depositing the same, in immediately available funds,
in an account of the Requesting Borrower, designated by such Borrower and maintained at its
principal office.

          (g) Letters of Credit. The US Borrower shall submit to the US Administrative Agent
and the Issuing Bank a Letter of Credit Application not later than 11:00 a.m. Eastern time, not
less than three (3) Business Days prior to the proposed date of issuance (or such shorter period as
may be agreed to by the US Administrative Agent and the applicable Issuing Bank) and the proposed
date of amendment, renewal or extension (or such shorter period as may be agreed to by the US
Administrative Agent and the Issuing Bank) of a Letter of Credit hereunder. Each Letter of Credit
Application shall specify (i) the amount of such Letter of
Credit, (ii) the date (which shall be a Business Day) such Letter of Credit is to be issued,
amended, renewed or extended, (iii) the duration thereof, (iv) the name and address of the
beneficiary thereof, (v) the form of the Letter of Credit, (vi) the name of the elected Issuing
Bank and (vii) such other information as the US Administrative Agent and the applicable Issuing
Bank may reasonably request, all of which shall be reasonably satisfactory to the US Administrative
Agent and such Issuing Bank. Subject to the terms and conditions of this Agreement, on the date
specified for the issuance, amendment, renewal or extension of a Letter of Credit, the Issuing Bank
shall issue, amend, renew or extend such Letter of Credit to the beneficiary thereof. Promptly
thereafter, the Issuing Bank shall notify the US Administrative Agent and the US Borrower, in
writing, of such issuance, amendment, renewal or extension, and such notice shall be accompanied by
a copy of such issuance, amendment, renewal or extension. Promptly after receipt of such notice,
the US Administrative Agent shall notify each US Tranche Revolving Lender, in writing, of such
issuance, amendment, renewal or extension and if any US Tranche Revolving Lender so requests, the
US Administrative Agent shall provide such Lender with copies of such issuance, amendment, renewal
or extension.

     Section 2.03 Changes of Commitments.

     (a) Optional Increases.

     (i) Subject to the conditions set forth in Section 2.03(a)(ii)(B), Section
6.02 and Section 6.03, the US Borrower may increase the Aggregate US Tranche
Commitments and/or the Aggregate Term Commitments then in effect without the prior written
consent of the Lenders (a “Commitment Increase”) by increasing the applicable
commitment of an Applicable Lender or by causing a Person that at such time is not a Lender
to become a Lender (an “Additional Lender”).

     (ii) The increase in the Aggregate US Tranche Commitments and/or the Aggregate Term
Commitments shall be subject to the following additional conditions:

     A. all such increases shall not exceed $400,000,000 or such lesser amount as
reduced pursuant to Sections 2.03(c)(i) and 2.03(c)(ii) for both the
Aggregate US Tranche Commitments and the Aggregate Term Commitments combined;

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     B. if the US Borrower elects to increase the Aggregate US Tranche Commitments
and/or the Aggregate Term Commitments by increasing the applicable commitment of a
Lender, the US Borrower and such Lender shall execute and deliver to the
Administrative Agent a certificate substantially in the form of Exhibit H-1
(a “Commitment Increase Certificate”);

     C. if the US Borrower elects to increase the Aggregate US Tranche Commitments
and/or the Aggregate Term Commitments by causing an Additional Lender to become a
party to this Agreement, then the US Borrower and such Additional Lender shall
execute and deliver to the Administrative Agent a certificate substantially in the
form of the Commitment Increase Certificate and
Exhibit H-2 (an “Additional Lender Certificate”), together with
an administrative questionnaire, and the US Borrower shall, if requested by the
Additional Lender, deliver a Note payable to the order of such Additional Lender in
a Principal Amount equal to its US Tranche Commitment and/or Term Commitment, and
otherwise duly completed; provided that such Additional Lender must be
reasonably acceptable to the Administrative Agent and, with respect to the Aggregate
US Tranche Commitments only, also the Issuing Banks;

     D. no Commitment Increase of the Aggregate US Tranche Commitments and/or
Aggregate Term Commitments shall be made unless the conditions set forth in
Section 6.03 shall be satisfied (or waived in accordance herewith);

     E. no Default or Event of Default shall have occurred and be continuing at the
effective date of such increase (both before and after giving effect to such
increase);

     F. on the effective date of such increase, no US Dollar LIBO Rate Borrowings
shall be outstanding or if any US Dollar LIBO Rate Borrowings are outstanding, then
the effective date of such increase shall be the last day of the Interest Period in
respect of such US Dollar LIBO Rate Borrowings unless the US Borrower pays
compensation required by Section 5.05;

     G. no Lender’s US Tranche Commitment or Term Commitment may be increased
without the consent of such Lender;

     H. any increase shall be not less than $50,000,000 (or, if less than
$50,000,000, such increase shall be the remaining amount of the permitted Commitment
Increases pursuant to clause (A) above) and shall be in a whole multiple of
$10,000,000 in excess thereof; and

     I. any Commitment Increase when combined with all previous Commitment Increases
exceeding $200,000,000 in the aggregate shall only be available to the extent of the
excess of $400,000,000 or such lesser amount as reduced pursuant to Sections
2.03(c)(i) and 2.03(c)(ii) over the sum of (A) the aggregate amount of
the current and all previous Commitment Increases

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and (B) any amount in excess of
$800,000,000 outstanding or available under the ABS Facility Increase, and the US
Administrative Agent is given satisfactory evidence of such reduction and repayment.

     (iii) Subject to the acceptance and recording thereof pursuant to Section
2.03(a)(iv), from and after the effective date specified in the Commitment Increase
Certificate or the Additional Lender Certificate (or if any US Dollar LIBO Rate Borrowings
are outstanding, then the last day of the Interest Period in respect of such US Dollar LIBO
Rate Borrowings, unless the US Borrower has paid compensation required by Section
5.05): (A) the amount of the Aggregate US Tranche Commitments and/or Aggregate Term
Commitments shall be increased as set forth therein and (B) in the case of an Additional
Lender Certificate, any Additional Lender party thereto shall become a
party to this Agreement and have the rights and obligations of a Lender under this
Agreement and the other Loan Documents. In addition, in connection with an increase of the
Aggregate US Tranche Commitments, the Lender or the Additional Lender, as applicable, shall
purchase a pro rata portion of the outstanding Revolving Loans (and participation interests
in Letters of Credit) of each of the other US Tranche Revolving Lenders (and such Lenders
hereby agree to sell and to take all such further action to effectuate such sale and agree
to make such additional Loans) such that each Lender (including any Additional Lender, if
applicable) shall hold its US Tranche Percentage of the outstanding Revolving Loans (and
participation interests) after giving effect to the increase in the Aggregate US Tranche
Commitments. In connection with an increase of the Aggregate Term Commitments, the Lender
or the Additional Lender, as applicable, shall purchase a pro rata portion of the
outstanding Term Loans of each of the other Term Loan Lenders (and such Lenders hereby agree
to sell and to take all such further action to effectuate such sale and agree to make such
Additional Term Loans) such that each Lender (including any Additional Lender, if
applicable) shall hold its Term Loan Percentage of the outstanding Term Loans after giving
effect to the increase in the Aggregate Term Commitments.

     (iv) Upon its receipt of (A) a duly completed Commitment Increase Certificate or an
Additional Lender Certificate, executed by the US Borrower and the Lender or the US Borrower
and the Additional Lender party thereto, as applicable, (B) the processing and recording fee
referred to in Section 13.06(b), (C) the administrative questionnaire referred to in
Section 2.03(a)(ii)(C), if applicable, (D) the other closing certificates and
documentation as required by the Administrative Agent and (E) the written consent of the
Administrative Agent and, if applicable, the Issuing Bank which will not be unreasonably
withheld to such increase required by Section 2.03(a)(ii)(C), the Administrative
Agent shall accept such Commitment Increase Certificate or Additional Lender Certificate and
record the information contained therein in the Register required to be maintained by the
Administrative Agent pursuant to Section 13.06(b). No increase in the Aggregate US
Tranche Commitments and/or the Aggregate Term Commitments shall be effective for purposes of
this Agreement unless it has been recorded in the Register as provided in this Section
2.03(a)(iv).

     (b) Optional Terminations and Reductions.

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     (i) The US Borrower shall have the right to terminate or to reduce the amount of the
Aggregate US Tranche Commitments at any time, or from time to time, upon not less than three
(3) Business Days’ prior notice to the US Administrative Agent (which shall promptly notify
the Lenders including the Canadian Administrative Agent) of each such termination or
reduction, which notice shall specify the effective date thereof and the amount of any such
reduction (which shall not be less than $1,000,000 or any whole multiple of $500,000 in
excess thereof) and shall be irrevocable and effective only upon receipt by the US
Administrative Agent; provided that any termination in full of the Aggregate US
Tranche Commitments pursuant to this Section 2.03(b)(i) shall automatically
terminate in full the Canadian Allocated Maximum Aggregate Commitments.

     (ii) The US Borrower shall have the right to allocate (or reallocate, if previously
allocated) a portion of the Aggregate US Tranche Commitments as the Canadian Allocated
Aggregate Commitments by notice to the US Administrative Agent; provided that (A)
any such notice shall be received by the US Administrative Agent not later than 11:00 a.m.
Eastern time ten (10) Business Days prior to the date such allocation or reallocation shall
become effective which effective date may only occur six (6) times per calendar year, (B)
any such allocation or reallocation shall be in an aggregate amount of $5,000,000 or any
whole multiple in excess thereof and after giving effect thereto, the Canadian Allocated
Aggregate Commitments shall not exceed the Canadian Allocated Maximum Aggregate Commitments,
or shall be a reallocation to zero, (C) any outstanding US Tranche Loans will be reallocated
according to the new US Tranche Percentages and if outstanding US Dollar LIBOR Loans are
required to be terminated, the Borrowers shall pay any required amounts pursuant to
Section 5.05 and Section 2.04(a), and (D) the US Borrower shall not allocate
or reallocate any portion of the Aggregate US Tranche Commitments if, after giving effect
thereto and to any concurrent prepayments hereunder (x) the US Tranche Credit Exposure would
exceed the Aggregate US Tranche Commitments, (y) the Canadian Tranche Credit Exposure would
exceed the Canadian Allocated Aggregate Commitments and (z) any US Tranche Revolving
Lender’s US Tranche Commitment would not equal or exceed its US Tranche Credit Exposure or
any Canadian Tranche Revolving Lender’s Canadian Allocated Commitment would not equal or
exceed its Canadian Tranche Credit Exposure. The allocation will be effected by reducing
the US Tranche Commitment of each US Tranche Revolving Lender that is or has a branch or an
Affiliate that is a Canadian Tranche Revolving Lender by the amount that its or its branch’s
or Affiliate’s Canadian Allocated Commitment is increased. For any reallocation, its or its
branch’s or Affiliate’s Canadian Allocated Commitment will be reduced by the amount that its
US Tranche Commitment is increased. Any US Tranche Revolving Lender that is not or has no
branch or Affiliate that is a Canadian Tranche Revolving Lender will not have its US Tranche
Commitment affected. The US Administrative Agent will (a) promptly notify the Canadian
Administrative Agent and the US Tranche Revolving Lenders and the Canadian Tranche Revolving
Lenders of any such notice of allocation or reallocation of the Aggregate US Tranche
Commitments and the amount of their respective Canadian Allocated Commitments, (b) prepare
and provide to the Borrowers, the Canadian Administrative Agent and the other Lenders such
documentation reflecting the new US Tranche Commitments and Canadian Allocated Commitments
giving effect to such allocation or

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reallocation and (c) notify all Lenders of the Aggregate
US Tranche Commitments and Canadian Allocated Aggregate Commitments upon the effectiveness
of such allocation or reallocation, which effectiveness shall require no vote or consent of
any Lender.

     (iii) At any time during which no Canadian Allocation Period exists, the US Borrower
may at such time permanently terminate their right to allocate a portion of the Aggregate US
Tranche Commitments as the Canadian Allocated Aggregate Commitments, at which time (A) the
obligations of the Canadian Borrower hereunder and each Guaranty Agreement – Canada pursuant
to Section 9.07(b) and the Guaranty pursuant to ARTICLE XIV shall terminate
in accordance with Section 9.07(d), (B) all Collateral pursuant to Section
9.07(b) shall be released in accordance with Section 9.07(d), (C) the Canadian
Borrower shall cease to be a party to the Loan Documents and (D) thereafter no US Tranche Revolving Lender nor any Canadian Tranche Revolving Lender
shall have any Canadian Allocated Commitment.

     (c) Mandatory Terminations and Reductions.

     (i) Upon any sale of LP Units, Subordinated Units, IDRs or GP Interests pursuant to
Section 10.14(i), the Aggregate US Tranche Commitments and any unused Commitment
Increases shall automatically reduce by an amount equal to the Commitment Reduction Amount,
such amount to be set forth in reasonable detail in an officer’s certificate of the US
Borrower delivered promptly or within five (5) Business Days after the effectiveness of such
sale; provided, however that any sale of LP Units as a result of an
over-allotment option pursuant to a public offering will not be considered a sale that would
result in a reduction to the Aggregate US Tranche Commitments.

     (ii) Upon the due date of any mandatory prepayment (whether or not any Revolving Loans
or LC Exposure are then outstanding) relating to a Transfer of Compression Assets pursuant
to Section 10.14(c), the Aggregate US Tranche Commitments and any unused Commitment
Increases shall automatically reduce by an amount equal to the Commitment Reduction Amount,
such amount to be set forth in reasonable detail in an officer’s certificate of the US
Borrower delivered promptly or within five (5) Business Days after the effectiveness of such
Transfer.

     (iii) Upon any sale of Compression Assets or Equity Interests pursuant to Section
10.14(d), the Aggregate US Tranche Commitments shall automatically reduce by an amount
equal to the Commitment Reduction Amount, such amount to be set forth in reasonable detail
in an officer’s certificate of the US Borrower delivered promptly or within five (5)
Business Days after the effectiveness of such sale.

     (iv) Upon the due date of any mandatory prepayment (whether or not any Revolving Loans
or LC Exposure are then outstanding) relating to a sale of Property pursuant to Section
10.14(k), the Aggregate US Tranche Commitments shall automatically reduce by an amount
equal to the Commitment Reduction Amount, such amount to be set forth in reasonable detail
in an officer’s certificate of the US Borrower delivered promptly or within five (5)
Business Days after such due date of any mandatory

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prepayment (whether or not any Revolving
Loans or LC Exposure are then outstanding) relating) relating to such sale.

     (v) Reserved.

     (vi) The Aggregate US Tranche Commitments once terminated or reduced pursuant to
Sections 2.03(b)(i), 2.03(c)(i), 2.03(c)(ii), 2.03(c)(iii)
and 2.03(c)(iv), respectively may not be reinstated except pursuant to Section
2.03(a).

     (vii) Unless previously terminated, the Revolving Commitments shall terminate on the
Revolving Loan Maturity Date. If at any time the Aggregate Revolving Commitments are
terminated or reduced to zero, then the Revolving Commitments shall terminate on the
effective date of such termination or reduction.

     (viii) (A) Each Term Loan Lender’s Term Commitment shall terminate in an amount equal
to any Term Loan Borrowing on the date of such Term Loan Borrowing, (B) unless previously
terminated, each Initial Term Commitments shall terminate on February 15, 2008 and (C)
unless previously terminated, each Additional Term Loan Commitment shall terminate on the
date specified in the applicable Commitment Increase Certificate.

Section 2.04 Fees.

     (a) Commitment Fees.

     (i) The US Borrower shall pay to the US Administrative Agent for the account of each US
Tranche Revolving Lender and Term Loan Lender a commitment fee, which shall accrue at the
Applicable Margin (a “US Commitment Fee”), on the daily average unused amount (after
deducting any LC Exposure but before deducting any outstanding Swingline Loans) of each US
Tranche Revolving Lender’s US Tranche Commitment or each Term Loan Lender’s Term Commitment,
as applicable, for the period from and including the Initial Funding Date up to, but
excluding, the Revolving Loan Maturity Date with respect to the Revolving Credit Facility
and the Term Loan Maturity Date with respect to the Term Loan Facility.

     (ii) During a Canadian Allocation Period, in consideration of each Canadian Tranche
Revolving Lender’s Canadian Allocated Commitment, the Canadian Borrower shall pay to the
Canadian Administrative Agent in US Dollars for the account of each Canadian Tranche
Revolving Lender a commitment fee, which shall accrue at the Applicable Margin (a
“Canadian Commitment Fee”), on the daily average unused amount of each Canadian
Tranche Revolving Lender’s Canadian Allocated Commitment for the Canadian Allocation Period.

     (iii) Accrued Commitment Fees shall be payable (A) quarterly in arrears on each
Quarterly Date with respect to the Revolving Credit Facility and the Aggregate Term
Commitments for the Initial Term Loans, (B) on the date of any reallocation of the Aggregate
US Tranche Commitments under Section 2.03(b)(ii) with respect to the Revolving
Credit Facility, (C) on the earlier of the date the Aggregate Revolving

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Commitments are
terminated or the Revolving Loan Maturity Date with respect to the Revolving Credit Facility
and (D) on the date the Aggregate Term Commitments for the Initial Term Loans are
terminated.

     (b) Letter of Credit Fees.

     (i) The US Borrower shall pay to the US Administrative Agent, for the account of each
US Tranche Revolving Lender and the Issuing Banks, commissions for issuing the Letters of
Credit on the daily outstanding amount of the maximum liability of the Issuing Banks
existing from time to time under such Letter of Credit (including the US Dollar Equivalent
of the face amount of the outstanding Offshore Currency Letter of Credit) (calculated
separately for each Letter of Credit) at a rate equal to the Applicable
Margin for US Dollar LIBOR Loans under the Revolving Credit Facility, in effect from
time to time during the term of each Letter of Credit. Each Letter of Credit shall be
deemed outstanding up to the available face amount of the Letter of Credit (including the US
Dollar Equivalent of the face amount of the outstanding Offshore Currency Letter of Credit)
until the Issuing Banks have received from the beneficiary a written cancellation
authorization, in form and substance reasonably acceptable to the Issuing Banks or until the
date the Letter of Credit expires by its terms. Such commissions are payable quarterly in
arrears on each Quarterly Date and upon cancellation or expiration of each such Letter of
Credit.

     (ii) In addition to the fees described in Section 2.04(b)(i), the US Borrower
shall pay to the applicable Issuing Bank, for such Issuing Bank’s account, 0.125% per annum
of the amount of each Letter of Credit as a fronting fee. Such fronting fees are payable
quarterly in arrears on each Quarterly Date.

     (iii) The US Borrower shall pay to the applicable Issuing Bank for its own account,
upon each drawing or payment under, issuance of, or amendment to, any Letter of Credit, such
amount as shall at the time of such event be the administrative charge and reasonable
out-of-pocket expenses which such Issuing Bank or its Affiliate is generally imposing in
connection with such occurrence with respect to letters of credit.

          (c) Other Fees. The US Borrower shall pay to the US Administrative Agent for its own
account such other fees as are set forth in the Fee Letter on the dates specified therein to the
extent not paid prior to the Initial Funding Date.

     Section 2.05 Several Obligations. The failure of any Lender to make any Loan to be made by it or to provide funds for
disbursements or reimbursements under Letters of Credit on the date specified therefor shall not
relieve any other Lender of its obligation to make its Loan or provide funds on such date, but no
Lender shall be responsible for the failure of any other Lender to make a Loan to be made by such
other Lender or to provide funds to be provided by such other Lender.

     Section 2.06 Notes. Any Lender may request that the Loans made by it be evidenced by a Note. In such event, the
Applicable Borrower shall prepare, execute and deliver to such Lender a Note payable to the order
of such Lender, substantially in the form of

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Exhibit A-1, with respect to Revolving Loans
made to the US Borrower, Exhibit A-2 with respect to Revolving Loans made to the Canadian
Borrower and Exhibit A-3 with respect to Term Loans, as applicable, dated (a) the Initial
Funding Date or (b) the effective date of an Assignment pursuant to Section 13.06(b), in a
Principal Amount equal to its Percentage Share of the Aggregate US Tranche Commitments, Canadian
Allocated Maximum Aggregate Commitments or Aggregate Term Commitments as the case may be, as
originally in effect and otherwise duly completed and such substitute Notes as required by
Section 13.06(b); provided that Notes requested in amounts less than $1,000,000
shall require the consent of the Applicable Borrower, such consent not to be unreasonably withheld
or delayed. The date, amount, Type, interest rate and Interest Period of each Loan made by each
Lender, and all payments made on account of the principal thereof, shall be
recorded by such Lender on its books and maintained in accordance with its usual practice. Failure
to make such recordation shall not affect any Lender’s or any Borrower’s rights or obligations in
respect of such Loans.

     Section 2.07 Prepayments.

          (a) Voluntary Prepayments. The Borrowers may prepay the US Dollar Base Rate Loans and
the US Dollar LIBOR Reference Rate Loans and the Canadian Borrower may prepay the Canadian Prime
Rate Loans, as applicable, upon the same Business Day’s prior notice to the US Administrative
Agent (which shall promptly notify the Lenders, including the Canadian Administrative Agent), which
notice shall specify the prepayment date (which shall be a Business Day) and the amount of the
prepayment (which shall be at least $1,000,000 or the remaining aggregate principal balance
outstanding on the applicable Loans) and shall be irrevocable and effective only upon receipt by
the US Administrative Agent, provided that interest on the principal prepaid, accrued to
the prepayment date, shall be paid on the prepayment date. The Borrowers may prepay US Dollar
LIBOR Loans on the same conditions as for US Dollar Base Rate Loans (except that prior notice to
the US Administrative Agent shall not be less than three (3) Business Days for US Dollar LIBOR
Loans) and in addition such prepayments of US Dollar LIBOR Loans shall be subject to the terms of
Section 5.05 and shall be in an amount equal to all of the US Dollar LIBOR Loans for the US
Dollar LIBO Rate Borrowing prepaid. Any prepayments made to the Term Loans shall be applied to the
first installment owed then inversely to the remaining installments owed pursuant to Section
3.01(b)(i). Notwithstanding the foregoing and subject to Section 2.11(m), the Canadian
Borrower shall not be permitted to prepay any Bankers’ Acceptances or BA Equivalent Loans at any
time.

          (b) Mandatory Prepayments.

     (i) If, after giving effect to any termination, reduction or allocation of the
Aggregate US Tranche Commitments pursuant to Sections 2.03(b)(i) and
2.03(b)(ii), (A) the US Tranche Credit Exposure exceeds the Aggregate US Tranche
Commitments or (B) any US Tranche Revolving Lender’s US Tranche Credit Exposure exceeds its
US Tranche Commitment, (1) the US Borrower shall prepay the US Tranche Loans on the date of
such termination, reduction or allocation in an aggregate Principal Amount, together with
interest on the Principal Amount paid accrued to the date of such prepayment, equal to the
excess to be applied first to clause (A) above and then any remaining to clause (B) above
for the applicable US Tranche Revolving Lender and (2) if any excess remains after prepaying
all of the US Tranche Loans because of the LC

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Exposure, the US Borrower shall pay to the US
Administrative Agent on behalf of the Issuing Bank and the US Tranche Revolving Lenders an
amount equal to the excess to be held as cash collateral as provided in Section
2.10(b) hereof.

     (ii) If, after giving effect to any reallocation of the Canadian Allocated Commitment
pursuant to Section 2.03(b)(ii) or any termination or reduction pursuant to
Section 2.03(b)(i), (A) the outstanding aggregate Principal Amount of the Canadian
Tranche Credit Exposure exceeds the Canadian Allocated Aggregate Commitments or (B) any
Canadian Tranche Revolving Lender’s Canadian Tranche Credit Exposure
exceeds its Canadian Allocated Commitment, the Canadian Borrower shall prepay the
Canadian Tranche Loans (other than Bankers’ Acceptances and BA Equivalent Loans) on the date
of such reallocation in an aggregate Principal Amount, together with interest on the
Principal Amount paid accrued to the date of such prepayment equal to the excess to be
applied first to clause (A) above and then any remaining to clause (B) above for the
applicable Canadian Tranche Revolving Lender.

     (iii) Upon any Transfer of Compression Assets pursuant to Section 10.14(c), the
US Borrower shall prepay (or cause the Canadian Borrower to prepay in the case of Canadian
Tranche Loans) in an aggregate Principal Amount equal to 50% of the Net Proceeds received in
excess of $65,000,000 in any fiscal year or $200,000,000 on a cumulative basis, as
applicable, from all such Transfers, together with interest on the Principal Amount paid
accrued to the date of such prepayment, first to any Term Loans then outstanding (applied
pro rata to the remaining installments owed), second, to any US Tranche Loans then
outstanding, third, to any Canadian Tranche Loans then outstanding on the date of such sale,
exchange or conveyance, and fourth, if any excess remains because of the LC Exposure, to the
US Administrative Agent on behalf of the Issuing Bank and the US Tranche Revolving Lenders
an amount equal to the excess to be held as cash collateral as provided in Section
2.10(b) hereof.

     (iv) Upon any sale of Equity Interests of any ABS Subsidiary or Compression Assets to
the EPLP Group pursuant to Section 10.14(d), the US Borrower shall prepay (or cause
the Canadian Borrower to prepay in the case of Canadian Tranche Loans) in an aggregate
Principal Amount equal to the cash consideration received and the assumed obligations in
excess of 75% of the total consideration received for such sale, together with interest on
the Principal Amount paid accrued to the date of such prepayment, first to any Term Loans
then outstanding (applied pro rata to the remaining installments owed), second, to any US
Tranche Loans then outstanding, third, to any Canadian Tranche Loans then outstanding on the
date of such sale, exchange or conveyance, and fourth, if any excess remains because of the
LC Exposure, to the US Administrative Agent on behalf of the Issuing Bank and the US Tranche
Revolving Lenders an amount equal to the excess to be held as cash collateral as provided in
Section 2.10(b) hereof.

     (v) Upon any sale of LP Units, Subordinated Units, IDRs or GP Interests pursuant to
Section 10.14(i), the US Borrower shall prepay (or cause the Canadian Borrower to
prepay in the case of Canadian Tranche Loans) in an aggregate Principal Amount equal to 50%
of the Net Proceeds from such sale, together with interest on the Principal Amount paid
accrued to the date of such prepayment, first to any Term Loans

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then outstanding (applied
pro rata to the remaining installments owed), second, to any US Tranche Loans then
outstanding, third, to any Canadian Tranche Loans then outstanding on the date of such sale,
and fourth, if any excess remains because of the LC Exposure, to the US Administrative Agent
on behalf of the Issuing Bank and the US Tranche Revolving Lenders an amount equal to the
excess to be held as cash collateral as provided in Section 2.10(b) hereof.

     (vi) 365 days after any sale of Property pursuant to Section 10.14(k), the US
Borrower shall prepay (or cause the Canadian Borrower to prepay in the case of Canadian
Tranche Loans) in an aggregate Principal Amount equal to the Net Proceeds received for
such sale and not reinvested as provided in Section 10.14(k) together with
interest on the Principal Amount paid accrued to the date of such prepayment, first to any
Term Loans then outstanding (applied pro rata to the remaining installments owed), second,
to any US Tranche Loans then outstanding, third, to any Canadian Tranche Loans then
outstanding on the date of such sale, exchange or conveyance, and fourth, if any excess
remains because of the LC Exposure, to the US Administrative Agent on behalf of the Issuing
Bank and the US Tranche Revolving Lenders an amount equal to the excess to be held as cash
collateral as provided in Section 2.10(b) hereof.

          (c) Generally. Prepayments permitted or required under this Section 2.07
shall be without premium or penalty, except as required under Section 5.05 for prepayment
of US Dollar LIBOR Loans. Any prepayments on the Revolving Loans in accordance with Sections
2.07(a) and 2.07(b)(ii) may be reborrowed subject to the then effective Aggregate US
Tranche Commitments and the Canadian Allocated Aggregate Commitments, as applicable. Any
prepayments on any Revolving Loans in accordance with Sections 2.07(b)(i),
2.07(b)(iii), 2.07(b)(iv), 2.07(b)(v) and 2.07(b)(vi) and any
prepayments on any Term Loans may not be reborrowed. Notwithstanding Section 2.07(b), any
prepayments made if an Event of Default exists and is continuing shall be applied pari passu to the
Aggregate Credit Exposure. In the event of a mandatory prepayment pursuant to this Section
2.07 which would cause Bankers’ Acceptances and BA Equivalent Notes to be prepaid but for the
prohibition on prepayment contained herein, the US Administrative Agent shall deposit with the
Canadian Administrative Agent an amount equal to the Principal Amount that would have been prepaid
for such Bankers’ Acceptances and BA Equivalent Notes on behalf of the Canadian Tranche Revolving
Lenders holding such Bankers’ Acceptances and BA Equivalent Notes to be held pursuant to the terms
in Section 2.11(i) except that on the BA Maturity Date for such Bankers’ Acceptances and BA
Equivalent Notes, the Canadian Administrative Agent shall apply such amounts against such Bankers’
Acceptances and BA Equivalent Notes.

     Section 2.08 Lending Offices. The Loans of each Type made by each Lender shall be made and maintained at such
Lender’s Applicable Lending Office for Loans of such Type.

     Section 2.09 Assumption of Risks. The US Borrower assumes all risks of the acts or omissions of any beneficiary of any Letter of
Credit or any transferee thereof with respect to its use of such Letter of Credit. Neither the
Issuing Bank (except in the case of gross negligence or willful misconduct on the part of the
Issuing Bank or any of its officers, employees, agents or representatives as determined by final
and non appealable judgment of a court of competent jurisdiction), its correspondents nor any
Lender shall be responsible for the validity, sufficiency

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or genuineness of certificates or other
documents or any endorsements thereon, even if such certificates or other documents should in fact
prove to be invalid, insufficient, fraudulent or forged; for errors, omissions, interruptions or
delays in transmissions or delivery of any messages by mail, telex, or otherwise, whether or not
they be in code; for errors in translation or for errors in interpretation of technical terms; the
validity or sufficiency of any instrument transferring or assigning or purporting to transfer or
assign any Letter of Credit or the rights or benefits thereunder or proceeds thereof, in whole or
in part, which may prove to be invalid or ineffective for any reason; the failure of any
beneficiary
or any transferee of any Letter of Credit to comply fully with conditions required in order to draw
upon any Letter of Credit; or for any other consequences arising from causes beyond the Issuing
Bank’s control or the control of the Issuing Bank’s correspondents. In addition, neither the
Issuing Bank (except in the case of gross negligence or willful misconduct on the part of the
Issuing Bank or any of its officers, employees, agents or representatives), the US Administrative
Agent nor any Lender shall be responsible for any error, neglect, or default of any of the Issuing
Bank’s correspondents; and none of the above shall affect, impair or prevent the vesting of any of
the Issuing Bank’s, the US Administrative Agent’s or any Lender’s rights or powers hereunder, all
of which rights shall be cumulative. The Issuing Bank and its correspondents may accept
certificates or other documents that appear on their face to be in order, without responsibility
for further investigation of any matter contained therein regardless of any notice or information
to the contrary. In furtherance and not in limitation of the foregoing provisions, the US Borrower
agrees that any action, inaction or omission taken or not taken by the Issuing Bank or by any
correspondent for the Issuing Bank in good faith in connection with any Letter of Credit, or any
related drafts, certificates, documents or instruments, shall be binding on the US Borrower and
shall not put the Issuing Bank or its correspondents under any resulting liability to the US
Borrower.

     Section 2.10 Obligation to Reimburse and to Prepay.

          (a) In connection with any Letter of Credit, the US Borrower may make funds available for
disbursement by the Issuing Bank in connection with such Letter of Credit. In such cases, the
Issuing Bank shall use such funds which the US Borrower has made available to fund such Letter of
Credit. In addition, the US Borrower may give written instructions to the Issuing Bank and the US
Administrative Agent to make a Loan under this Agreement to fund any Letters of Credit which may be
drawn. In all such cases, the US Borrower shall give the appropriate notices required under this
Agreement for a US Dollar Base Rate Loan, a US Dollar LIBOR Reference Rate Loan or a US Dollar
LIBOR Loan. If a disbursement by the Issuing Bank is made under any Letter of Credit, in cases in
which the US Borrower has not either provided its own funds to fund a draw on a Letter of Credit or
given the US Administrative Agent prior notice for a Loan under this Agreement, then the US
Borrower shall pay to the US Administrative Agent within two (2) Business Days after notice of any
such disbursement is received by the US Borrower, the amount and, in the case of any Offshore
Currency Letters of Credit, the US Dollar Equivalent determined on the date of such disbursement,
of each such disbursement made by the Issuing Bank under the Letter of Credit (if such payment is
not sooner effected as may be required under this Section 2.10 or under other provisions of
the Letter of Credit), together with interest on the amount disbursed from and including the date
of disbursement until payment in full of such disbursed amount at a varying rate per annum equal to
(i) the then applicable interest rate for US Dollar Base Rate Loans through the second Business Day
after notice of such disbursement is received by the US Borrower and (ii) thereafter, the

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Post-Default Rate for US Dollar Base Rate Loans (but in no event to exceed the Highest Lawful Rate)
for the period from and including the third Business Day following the date of such disbursement to
and including the date of repayment in full of such disbursed amount. The obligations of the US
Borrower under this Agreement with respect to each Letter of Credit shall be absolute,
unconditional and irrevocable and shall be paid or performed strictly in accordance
with the terms of this Agreement under all circumstances whatsoever, including but only to the
fullest extent permitted under applicable law, the following circumstances: (A) any lack of
validity or enforceability of this Agreement, any Letter of Credit or any of the Security
Instruments; (B) any amendment or waiver of (including any default), or any consent to departure
from this Agreement (except to the extent permitted under any amendment or waiver), any Letter of
Credit or any of the Security Instruments; (C) the existence of any claim, set-off, defense or
other rights which the US Borrower may have at any time against the beneficiary of any Letter of
Credit or any transferee of any Letter of Credit (or any Persons for whom any such beneficiary or
any such transferee may be acting), the Issuing Bank, the US Administrative Agent, any US Tranche
Revolving Lender or any other Person, whether in connection with this Agreement, any Letter of
Credit, the Security Instruments, the transactions contemplated hereby or any unrelated
transaction; (D) any statement, certificate, draft, notice or any other document presented under
any Letter of Credit proves to have been forged, fraudulent, insufficient or invalid in any respect
or any statement therein proves to have been untrue or inaccurate in any respect whatsoever; (E)
payment by the Issuing Bank under any Letter of Credit against presentation of a draft or
certificate which appears on its face to comply, but does not comply, with the terms of such Letter
of Credit; and (F) any other circumstance or happening whatsoever, whether or not similar to any of
the foregoing.

Notwithstanding anything in this Agreement to the contrary, the US Borrower will not be liable for
payment or performance that results from the gross negligence or willful misconduct of the Issuing
Bank or its officers, employees, agents or representatives, except where the US Borrower or any
Restricted Subsidiary actually recovers the proceeds for itself or the Issuing Bank of any payment
made by the Issuing Bank in connection with such gross negligence or willful misconduct.

     (b) In the event of the occurrence of any Event of Default, a payment or prepayment pursuant
to Section 2.07(b) or the maturity of the Loans, whether by acceleration or otherwise, an
amount equal to the LC Exposure, except for all Offshore Currency Letters of Credit which shall
equal an amount equal to 110% of the aggregate face amount of all such Offshore Currency Letters of
Credit based on the then US Dollar Equivalent, shall be deemed to be forthwith due and owing by the
US Borrower to the Issuing Bank, the US Administrative Agent and the US Tranche Revolving Lenders
as of the date of any such occurrence; and the US Borrower’s obligation to pay such amount (or
provide one or more Support Letters of Credit in a face amount equal to such amount) shall be
absolute and unconditional, without regard to whether any beneficiary of any such Letter of Credit
has attempted to draw down all or a portion of such amount under the terms of a Letter of Credit,
and, to the fullest extent permitted under applicable law, shall not be subject to any defense or
be affected by a right of set-off, counterclaim or recoupment which the US Borrower may now or
hereafter have against any such beneficiary, the Issuing Bank, the US Administrative Agent, the US
Tranche Revolving Lenders or any other Person for any reason whatsoever. The US Borrower will have
a continuing obligation to maintain in such account at least an amount in cash or one or more
Support Letters

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of Credit equal to 110% of the aggregate face amount of all such Offshore Currency
Letters of Credit based on the then US Dollar Equivalent. Such payments shall be held by the US
Administrative Agent, for the account of the Issuing Bank on behalf of the US Tranche Revolving
Lenders, as collateral securing the LC Exposure in an account or accounts at the Principal Office;
and the US Borrower hereby grants to, and by its deposit with the US
Administrative Agent grants to, the US Administrative Agent a security interest in such
collateral. In the event of any such payment by the US Borrower of amounts contingently owing
under outstanding Letters of Credit and in the event that thereafter drafts or other demands for
payment complying with the terms of such Letters of Credit are not made prior to the respective
expiration dates thereof, the US Administrative Agent agrees, if no Event of Default has occurred
and is continuing or if no other amounts are outstanding under this Agreement, the Loans or the
Security Instruments, to (i) remit to the US Borrower (A) such amounts for which the contingent
obligations evidenced by the Letters of Credit have ceased and (B) amounts on deposit as cash
collateral for Letters of Credit and (ii) cancel and return any outstanding Support Letters of
Credit issued in connection therewith.

     (c) Each US Tranche Revolving Lender severally and unconditionally agrees that it shall
promptly reimburse the US Administrative Agent, for the account of the Issuing Bank, in US Dollars
an amount equal to such Lender’s participation in any Letter of Credit as provided in Section
2.01(b) of any disbursement made by the Issuing Bank under any Letter of Credit that is not
reimbursed according to this Section 2.10 (other than with respect to disbursements
described in the second paragraph of Section 2.10(a)), and such obligation to reimburse is
absolute and unconditional and shall not be affected by any circumstance whatsoever, including any
amendment, renewal or extension of any Letter of Credit or the occurrence and continuance of a
Default or reduction or termination of the Aggregate Revolving Commitments, and that each such
payment shall be made without any offset, abatement, withholding or reduction whatsoever. If the
US Borrower fails to make such payment when due, the US Administrative Agent shall notify each US
Tranche Revolving Lender of the applicable disbursement, the payment then due from the US Borrower
in respect thereof and such Lender’s applicable percentage thereof. Promptly following receipt of
such notice, each US Tranche Revolving Lender shall pay to the US Administrative Agent its
applicable percentage of the payment then due from the US Borrower, in the same manner as provided
in Section 2.02(f) with respect to Loans made by such Lender (and Section 2.02(f)
shall apply, mutatis mutandis, to the payment obligations of the US Tranche Revolving Lenders), and
the US Administrative Agent shall promptly pay to the Issuing Bank the amounts so received by it
from the US Tranche Revolving Lenders. Promptly following receipt by the US Administrative Agent
of any payment from the US Borrower pursuant to this paragraph, the US Administrative Agent shall
distribute such payment to the Issuing Bank or, to the extent that US Tranche Revolving Lenders
have made payments pursuant to this paragraph to reimburse the Issuing Bank, then to such US
Tranche Revolving Lenders and the Issuing Bank as their interests may appear. Any payment made by
a Lender pursuant to this paragraph to reimburse the Issuing Bank for any disbursement shall not
constitute a Loan and shall not relieve the US Borrower of its obligation to reimburse such
disbursement.

If no Event of Default has occurred and is continuing, and subject to availability under the
Aggregate Revolving Commitments (after reduction for the LC Exposure), to the extent the US
Borrower has not reimbursed the Issuing Bank for any drawn upon Letter of Credit within one

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(1)
Business Day after notice of such disbursement has been received by the US Borrower, the amount of
such Letter of Credit reimbursement obligation shall automatically be funded by the US Tranche
Revolving Lenders as a Loan hereunder and used to pay such Letter of Credit reimbursement
obligation in the percentages referenced in clause (c) above. If an Event of Default has occurred
and is continuing, or if the funding of such Letter of Credit reimbursement
obligation as a Loan would cause the aggregate amount of all Loans outstanding to exceed the
Aggregate Revolving Commitments (after reduction for the LC Exposure), such Letter of Credit
reimbursement obligation shall not be funded as a Loan, but instead shall accrue interest as
provided in Section 2.10(a) and be subject to reimbursement under Section 2.10(c).

     Section 2.11 Bankers’ Acceptances and BA Equivalent Loans.

          (a) Subject to the terms and conditions of this Agreement, the Canadian Allocated Commitments
may be utilized, upon the request of the Canadian Borrower, in addition to Canadian Prime Rate
Loans, US Dollar Base Rate Loans and US Dollar LIBOR Loans provided for by Section 2.01(a),
for the acceptance and purchase by the Canadian Tranche Revolving Lenders of Bankers’ Acceptances
issued by the Canadian Borrower or the making of BA Equivalent Loans, provided that (i) in
no event shall the US Dollar Equivalent Amount of the aggregate amount of the Canadian Prime Rate
Loans, Bankers’ Acceptances and BA Equivalent Loans and the aggregate amount of the US Dollar Base
Rate Loans and the US Dollar LIBOR Loans owing to the Canadian Tranche Revolving Lenders exceed the
Canadian Allocated Aggregate Commitments, (ii) all Bankers’ Acceptances and BA Equivalent Notes
shall have maturities which fall on a Business Day and are an integral multiple of thirty (30)
days, and are not less than thirty (30) days or more than 180 days, from the Acceptance Date (and
shall in no event mature on a date after the Revolving Loan Maturity Date) and (iii) in no event
shall the face amount of any Borrowing by way of Bankers’ Acceptance or BA Equivalent Loan be less
than C$1,000,000 and other than in multiples of C$100,000 for any amounts in excess thereof.
Whenever the Canadian Borrower is required to furnish a notice to the Canadian Administrative Agent
pursuant to the following additional provisions of this Section 2.11, it shall give a copy
of such notice to the US Administrative Agent.

          (b) To facilitate the acceptance of Bankers’ Acceptances and the issuance of BA Equivalent
Notes under this Agreement, the Canadian Borrower shall, from time to time as required, provide to
the Canadian Administrative Agent Drafts and BA Equivalent Notes duly executed and endorsed in
blank by the Canadian Borrower in quantities sufficient for each Canadian Tranche Revolving Lender
to fulfill its obligations hereunder. In addition, the Canadian Borrower hereby appoints each
Canadian Tranche Revolving Lender as its attorney, with respect to Drafts and BA Equivalent Notes
for which the Canadian Borrower has provided a Bankers’ Acceptance or BA Equivalent Loan notice:

     (i) to complete and sign on behalf of the Canadian Borrower, either manually or by
facsimile or mechanical signature, the BA Equivalent Notes or the Drafts to create the
Bankers’ Acceptances (with, in each Canadian Tranche Revolving Lender’s discretion, the
inscription “This is a depository bill subject to the Depository Bills and Notes Act
(Canada)”), as applicable;

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     (ii) after the acceptance thereof by any Canadian Tranche Revolving Lender, to endorse
on behalf of the Canadian Borrower, either manually or by facsimile or mechanical signature,
such Bankers’ Acceptance or BA Equivalent Note in favor of the applicable purchaser or
endorsee thereof including, in such Canadian Tranche Revolving
Lender’s discretion, such Canadian Tranche Revolving Lender or a clearing house (as
defined by the DBNA);

     (iii) to deliver such Bankers’ Acceptances (or such BA Equivalent Notes) to such
purchaser or to deposit such Bankers’ Acceptances with such clearing house; and

     (iv) to comply with the procedures and requirements established from time to time by
such Canadian Tranche Revolving Lender or such clearing house in respect of the delivery,
transfer and collection of Drafts and Bankers’ Acceptances (or BA Equivalent Notes).

The Canadian Borrower recognizes and agrees that all Drafts, Bankers’ Acceptances and BA Equivalent
Notes signed, endorsed, delivered or deposited on its behalf by a Canadian Tranche Revolving Lender
shall bind the Canadian Borrower as fully and effectually as if signed in the handwriting of and
duly issued, delivered or deposited by the proper signing officer of the Canadian Borrower. Each
Canadian Tranche Revolving Lender is hereby authorized to accept such Drafts or issue such Bankers’
Acceptances endorsed in blank or issue BA Equivalent Notes in such face amounts as may be
determined by such Canadian Tranche Revolving Lender in accordance with the terms of this
Agreement, provided that the aggregate amount thereof is less than or equal to the
aggregate amount of Bankers’ Acceptances required to be accepted by or BA Equivalent Loans made by
such Canadian Tranche Revolving Lender. No Canadian Tranche Revolving Lender shall be responsible
or liable for its failure to accept a Bankers’ Acceptance or make a BA Equivalent Loan if the cause
of such failure is, in whole or in part, due to the failure of the Canadian Borrower to provide
duly executed and endorsed Drafts or BA Equivalent Notes to the Canadian Administrative Agent on a
timely basis, nor shall any Canadian Tranche Revolving Lender be liable for any damage, loss or
other claim arising by reason of any loss or improper use of any such instrument except loss or
improper use arising by reason of the gross negligence or willful misconduct of such Canadian
Tranche Revolving Lender, its officers, employees, agents or representatives. The Canadian
Administrative Agent and each Canadian Tranche Revolving Lender shall exercise such care in the
custody and safekeeping of Drafts and BA Equivalent Notes as it would exercise in the custody and
safekeeping of similar property owned by it. Each Canadian Tranche Revolving Lender will, upon the
request of the Canadian Borrower, promptly advise the Canadian Borrower of the number and
designation, if any, of Drafts and BA Equivalent Notes then held by it for the Canadian Borrower.
Each Canadian Tranche Revolving Lender shall maintain a record with respect to Drafts and Bankers’
Acceptances (A) received by it from the Canadian Administrative Agent in blank hereunder, (B)
voided by it for any reason, (C) accepted by it hereunder, (D) purchased by it hereunder and (E)
canceled at their respective maturities and of BA Equivalent Notes (1) received by it from the
Canadian Administrative Agent in blank hereunder, (2) voided by it for any reason and (3) canceled
at their respective maturities. Each Canadian Tranche Revolving Lender further agrees to retain
such records in the manner and for the statutory periods provided in the various Canadian
provincial or federal statutes and regulations which apply to such Canadian Tranche Revolving
Lender.

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     (c) When the Canadian Borrower wishes to make a Borrowing by way of Bankers’ Acceptances or BA
Equivalent Loans, the Canadian Borrower shall give the Administrative Agents a borrowing notice in
the form of Exhibit B-2 with respect to the issuance of the Bankers’ Acceptances or BA
Equivalent Notes by not later than 1:00 p.m. Eastern time,
three (3) Business Days’ prior to the Acceptance Date. Each borrowing notice shall be
irrevocable and binding on the Canadian Borrower. The Canadian Borrower shall indemnify each
Canadian Tranche Revolving Lender against any loss or expense incurred by such Lender as a result
of any failure by the Canadian Borrower to fulfill or honor before the date specified as the
Acceptance Date, the applicable conditions set forth in ARTICLE VI, if, as a result of such
failure the requested Bankers’ Acceptance or a BA Equivalent Loan is not made on such date. Unless
otherwise agreed among the Administrative Agents and the Canadian Tranche Revolving Lenders, the
aggregate amount of all Bankers’ Acceptances or BA Equivalent Notes issued on any Acceptance Date
hereunder shall be accepted pro rata, subject to Section 2.11(g), by all Canadian Tranche
Revolving Lenders relative to their respective Canadian Tranche Percentage. Upon receipt of a
borrowing notice, the Canadian Administrative Agent shall advise each Canadian Tranche Revolving
Lender of the contents thereof. Upon the acceptance of a Bankers’ Acceptance or a BA Equivalent
Note by a Canadian Tranche Revolving Lender, such Lender shall purchase such Bankers’ Acceptance
from or make such BA Equivalent Loan to the Canadian Borrower and pay to the Canadian
Administrative Agent not later than 12:00 noon Eastern time, on the day of such Borrowing, for the
account of the Canadian Borrower, the amount of the BA Net Proceeds in respect of such Bankers’
Acceptance or BA Equivalent Loan.

     (d) On each day during the period commencing with the issuance by the Canadian Borrower of any
Bankers’ Acceptance and until such BA Exposure shall have been paid by the Canadian Borrower, the
Canadian Allocated Commitment of each Accepting Lender that is able to extend credit by way of
Bankers’ Acceptances shall be deemed to be utilized for all purposes of this Agreement in an amount
equal to the Principal Amount of such Bankers’ Acceptance. The Canadian Allocated Commitment of
any Canadian Tranche Revolving Lender providing a BA Equivalent Loan rather than Bankers’
Acceptances shall be deemed utilized during this period in an amount equal to the Principal Amount
of the BA Equivalent Note for such BA Equivalent Loan.

     (e) The Canadian Borrower agrees to pay on the BA Maturity Date for each Bankers’ Acceptance
and BA Equivalent Note, to the Canadian Administrative Agent for account of each Accepting Lender,
an amount equal to the Principal Amount of such Bankers’ Acceptance or BA Equivalent Note. The
Canadian Borrower hereby waives presentment for payment of Bankers’ Acceptances or BA Equivalent
Note by each Accepting Lender and any defense to payment of amounts due to an Accepting Lender in
respect of a Bankers’ Acceptance or BA Equivalent Note which might exist by reason of such Bankers’
Acceptance or BA Equivalent Note being held at maturity by the Accepting Lender which accepted it
and agree not to claim from such Lender any days of grace for the payment at maturity of Bankers’
Acceptances or BA Equivalent Notes.

     (f) If the Canadian Borrower fails to notify the Canadian Administrative Agent in writing not
later than 1:00 p.m. Eastern time, on the Business Day prior to any BA Maturity Date that the
Canadian Borrower intends to pay the Bankers’ Acceptances and BA Equivalent Loans due on such BA
Maturity Date, or fails to make such payment, the Canadian

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Borrower shall be deemed, for all
purposes to have given the Canadian Administrative Agent notice of a borrowing of a Canadian Prime
Rate Loan pursuant to Section 2.02(a) for an amount equal to the Principal Amount of such
Bankers’ Acceptance and BA Equivalent Loan; provided that:

     (i) the BA Maturity Date for such Bankers’ Acceptances shall be considered to be the
date of such Borrowing;

     (ii) the proceeds of such Canadian Prime Rate Loan shall be used to pay the Principal
Amount of the Bankers’ Acceptance due on such BA Maturity Date;

     (iii) each Canadian Tranche Revolving Lender which has made a maturing BA Equivalent
Loan (in accordance with Section 2.11(g) hereof) shall continue to extend credit to
the Canadian Borrower (without further advance of funds to the Canadian Borrower) by way of
a Canadian Prime Rate Loan in the Principal Amount equal to its maturing BA Equivalent Loan;
and

     (iv) the Canadian Administrative Agent shall promptly and in any event within three (3)
Business Days following the BA Maturity Date of such Bankers’ Acceptances and such BA
Equivalent Loans, notify the Canadian Borrower in writing of the making of or converting to
such Canadian Prime Rate Loan pursuant to this Section 2.11(f).

     (g) If, in the sole judgment of a Canadian Tranche Revolving Lender, such Lender is unable, as
a result of applicable law, customary market practice or otherwise, to extend credit by way of
Bankers’ Acceptances in accordance with this Agreement, such Lender shall give notice to such
effect to the Canadian Administrative Agent and the Canadian Borrower prior to 11:00 a.m. Eastern
time, on the date of the requested credit extension (which notice may, if so stated therein, remain
in effect with respect to subsequent requests for extension of credit by way of Bankers’
Acceptances until revoked by notice to the Administrative Agents and the Canadian Borrower) and
shall make available to the Canadian Administrative Agent, in accordance with this Section
2.11, prior to 2:00 p.m. Eastern time on the date of such requested credit extension, a BA
Equivalent Loan in an amount equal to the BA Net Proceeds equivalent to such Lender’s Canadian
Tranche Percentage of the total amount of credit requested to be extended by way of Bankers’
Acceptances.

     (h) It is the intention of the Canadian Administrative Agent, the Canadian Tranche Revolving
Lenders, and the Canadian Borrower that, except to the extent a Canadian Tranche Revolving Lender
advises otherwise, pursuant to the DBNA, all Bankers’ Acceptances accepted by the Canadian Tranche
Revolving Lenders under this Agreement shall be issued in the form of a “depository bill” (as
defined in the DBNA), deposited with the Canadian Depository for Securities Limited and made
payable to CDS & Co.

     (i) If any Event of Default shall have occurred and be continuing, on the Business Day that
the Canadian Borrower receives notice from the Canadian Tranche Revolving Lenders with BA Exposure
representing greater than 662/3% of the total BA Exposure or, if the maturity of the Loans has been
accelerated, from the Canadian Administrative Agent, the US Administrative Agent, or the Majority
Lenders, demanding the deposit of cash collateral

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pursuant to this paragraph, the Canadian Borrower
shall deposit in an account with the Canadian Administrative Agent, in the name of the Canadian
Administrative Agent and for the benefit of the Canadian Tranche Revolving Lenders with BA
Exposure, an amount in cash equal to the total BA Exposure of the Canadian Borrower as of such date
plus any accrued and unpaid interest thereon; provided that the obligation to
deposit such cash collateral shall become effective immediately, and such deposit shall become
immediately due and payable, without
demand or other notice of any kind, upon the occurrence of any Event of Default described in
Section 11.01(f) or Section 11.01(g). Any such deposit shall be held by the
Canadian Administrative Agent as collateral for the payment and performance of the obligations of
the Canadian Borrower under this Agreement. The Canadian Administrative Agent shall have exclusive
dominion and control, including the exclusive right of withdrawal, over such account. Other than
any interest earned on the investment of such deposits, which investments shall be made at the
option and sole discretion of the Canadian Administrative Agent and at the Canadian Borrower’s risk
and expense, such deposits shall not bear interest. Interest or profits, if any, on such
investments shall accumulate in such account. Moneys in such account shall be applied by the
Canadian Administrative Agent for the satisfaction of the obligations of the Canadian Borrower with
respect to the BA Exposure at any BA Maturity Date or, if the maturity of the Loans has been
accelerated, be applied to satisfy other obligations of the Canadian Borrower under this Agreement
(but subject to the consent of Canadian Tranche Revolving Lenders with BA Exposure representing
greater than 50% of the total BA Exposure). If the Canadian Borrower is required to provide an
amount of cash collateral hereunder as a result of the occurrence of an Event of Default, such
amount (to the extent not applied as aforesaid) shall be returned to the Canadian Borrower within
three (3) Business Days after all Events of Default have been cured or waived.

     (j) Drafts of the Canadian Borrower to be accepted as Bankers’ Acceptances and BA Equivalent
Notes hereunder shall be duly executed on behalf of the Canadian Borrower. Notwithstanding that any
person whose signature appears on any Bankers’ Acceptance or BA Equivalent Note as a signatory for
the Canadian Borrower may no longer be an authorized signatory for the Canadian Borrower at the
date of issuance of a Bankers’ Acceptance or advance of a BA Equivalent Loan, such signature shall
nevertheless be valid and sufficient for all purposes as if such authority had remained in force at
the time of such issuance or advance, and any such Bankers’ Acceptance or BA Equivalent Note so
signed shall be binding on the Canadian Borrower.

     (k) Each Canadian Tranche Revolving Lender may at any time and from time to time hold, sell,
rediscount or otherwise dispose of any or all Bankers’ Acceptances accepted and purchased by it.

     (l) If the Canadian Administrative Agent determines in good faith, which determination shall
be final, conclusive and binding upon the Canadian Borrower, and so notifies the Canadian Borrower,
that there does not exist at the applicable time a normal market in Canada for the purchase and
sale of Bankers’ Acceptances, any right of the Canadian Borrower to require the Canadian Tranche
Revolving Lenders to purchase Bankers’ Acceptances and BA Equivalent Notes under this Agreement
shall be suspended until the Canadian Administrative Agent determines that such market does exist
and gives notice thereof to the Canadian Borrower; and any outstanding borrowing notice requesting
Bankers’ Acceptances shall be deemed to be a

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borrowing notice requesting a Canadian Prime Rate Loan
in the same aggregate Principal Amount.

          (m) Bankers’ Acceptances and BA Equivalent Notes may not be repaid prior to their respective
BA Maturity Dates, unless the Canadian Borrower deposits cash with the Canadian Administrative
Agent (for the benefit of the applicable Accepting Lenders) equal to the full Principal Amount at
maturity of such Bankers’ Acceptances and/or BA Equivalent Notes,
and concurrently delivers to the Canadian Administrative Agent a cash collateral agreement,
supporting resolutions, certificates and opinions in form and substance satisfactory to the
applicable Accepting Lenders as requested.

ARTICLE III

Payments of Principal and Interest

     Section 3.01 Repayment of Loans.

          (a) Revolving Loans. Except as otherwise provided in Section 2.01(a)(vi)(A),
on the Revolving Loan Maturity Date the Applicable Borrower shall pay to the Applicable
Administrative Agent, for the account of each Applicable Lender, the outstanding aggregate
principal and accrued and unpaid interest under the Revolving Loans.

          (b) Term Loans.

          (i) The US Borrower hereby unconditionally promises to pay to the US Administrative
Agent for the account of each Term Loan Lender the Term Loans on the last Business Day of
each March, June, September and December, as set forth below:

	 	 	 
	Payment Date	 	Principal Installment
	September 2009

	 	1.25% of the Maximum Term Loans Outstanding
	December 2009

	 	1.25% of the Maximum Term Loans Outstanding
	March 2010

	 	1.25% of the Maximum Term Loans Outstanding
	June 2010

	 	1.25% of the Maximum Term Loans Outstanding
	September 2010

	 	1.25% of the Maximum Term Loans Outstanding
	December 2010

	 	1.25% of the Maximum Term Loans Outstanding

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	Payment Date	 	Principal Installment
	March 2011

	 	1.25% of the Maximum Term Loans Outstanding
	June 2011

	 	1.25% of the Maximum Term Loans Outstanding
	September 2011

	 	2.50% of the Maximum Term Loans Outstanding
	December 2011

	 	2.50% of the Maximum Term Loans Outstanding
	March 2012

	 	2.50% of the Maximum Term Loans Outstanding
	June 2012

	 	2.50% of the Maximum Term Loans Outstanding
	September 2012

	 	20.00% of the Maximum Term Loans Outstanding
	December 2012

	 	20.00% of the Maximum Term Loans Outstanding
	March 2013

	 	20.00% of the Maximum Term Loans Outstanding
	June 2013

	 	20.00% of the Maximum Term Loans Outstanding

; provided that each prepayment of Term Loans pursuant to Section 2.07 shall
be applied in the order contemplated by Section 2.07 and shall reduce the
appropriate installments accordingly.

          (ii) If not sooner paid, the US Borrower shall pay to the US Administrative Agent, for
the account of each Term Loan Lender, the outstanding aggregate principal and accrued and
unpaid interest under the Term Loan on the Term Loan Maturity Date.

     Section 3.02 Interest.

          (a) Interest Rates. The Applicable Borrower shall pay to the Applicable
Administrative Agent, for the account of each Applicable Lender, interest on the unpaid Principal
Amount of each Loan made by such Lender for the period commencing on the date such Loan is made to,
but excluding, the date such Loan shall be paid in full, at the following rates per annum:

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     (i) with respect to the Revolving Credit Facility, if such a Loan (other than a
Swingline Loan) is a US Dollar Base Rate Loan, the US Dollar Base Rate (as in effect from
time to time) plus the Applicable Margin, but in no event to exceed the Highest Lawful Rate;

     (ii) with respect to the Revolving Credit Facility, if such a Loan (other than a
Swingline Loan) is a US Dollar LIBOR Loan, for each Interest Period relating thereto, the US
Dollar LIBO Rate for such Loan plus the Applicable Margin, but in no event to exceed the
Highest Lawful Rate;

     (iii) with respect to the Revolving Credit Facility, if such a Loan is a Canadian Prime
Rate Loan, the Canadian Prime Rate (as in effect from time to time) plus the Applicable
Margin, but in no event to exceed the Highest Lawful Rate;

     (iv) with respect to the Revolving Credit Facility, if such a Loan is a Swingline Loan,
the US Dollar LIBOR Reference Rate (as in effect from time to time) plus the Applicable
Margin for US Dollar LIBOR Reference Rate Loans, but in no event to exceed the Highest
Lawful Rate;

     (v) with respect to the Term Loan Facility, if such a Loan is a US Dollar Base Rate
Loan, the US Dollar Base Rate (as in effect from time to time) plus the Applicable Margin,
but in no event to exceed the Highest Lawful Rate; and

     (vi) with respect to the Term Loan Facility, if such a Loan is a US Dollar LIBOR Loan,
for each Interest Period relating thereto, the US Dollar LIBO Rate for such Loan plus the
Applicable Margin, but in no event to exceed the Highest Lawful Rate.

     (b) Canadian Interest.

     (i) For purposes of disclosure under the Interest Act (Canada), where interest is
calculated pursuant Section 3.02(a)(iii) at a rate based upon a 360, 365 or 366 day
year, as the case may be, (the “First Rate”), it is hereby agreed that the rate or
percentage of interest on a yearly basis is equivalent to such First Rate multiplied by the
actual number of days in the year divided by 360, 365 or 366, as applicable.

     (ii) Notwithstanding the provisions of this Section 3.02 or any other provision
of this Agreement, in no event shall the aggregate “interest” (as that term is defined in
Section 347 of the Criminal Code (Canada)) exceed the effective annual rate of interest on
the “credit advanced” (as defined therein) lawfully permitted under Section 347 of the
Criminal Code (Canada). The effective annual rate of interest shall be determined in
accordance with generally accepted actuarial practices and principles over the term of the
applicable Canadian Tranche Loan, and in the event of a dispute, a certificate of a Fellow
of the Canadian Institute of Actuaries qualified for a period of ten (10) years appointed by
the Canadian Administrative Agent and approved by the Canadian Borrower, such approval shall
not be unreasonably withheld or delayed, will be conclusive for the purposes of such
determination absent manifest error.

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          (iii) A certificate of an authorized signing officer of the US Administrative Agent as
to each amount and/or each rate of interest payable hereunder from time to time shall be
conclusive evidence of such amount and of such rate, absent manifest error.

          (iv) Wherever in this Agreement reference is made to a rate of interest “per annum” or
a similar expression is used, such interest shall be calculated using the
nominal rate method of calculation and shall not be calculated using the effective rate
method of calculation or any other basis that gives effect to the principal of deemed
reinvestment of interest.

          (c) Post-Default Rate. Notwithstanding the foregoing, each Borrower will pay to the
Applicable Administrative Agent, for the account of each Applicable Lender interest at the
applicable Post-Default Rate on any principal of any Loan (excluding Bankers’ Acceptances and BA
Equivalent Loans) made by such Lender, and (to the fullest extent permitted under law) on any other
amount payable by each Borrower hereunder, under any Loan Document or under any Note held by such
Lender to or for account of such Lender, for the period commencing on the date of an Event of
Default until the same is paid in full or all Events of Default are cured or waived.

          (d) Due Dates. Accrued interest on US Dollar Base Rate Loans and Canadian Prime Rate
Loans shall be payable on each Quarterly Date, and accrued interest on each US Dollar LIBOR Loan
shall be payable on the last day of the Interest Period therefor and, if such Interest Period is
longer than three months, at three-month intervals following the first day of such Interest Period,
except that interest payable at the Post-Default Rate shall be payable from time to time on demand
and interest on any US Dollar LIBOR Loan that is converted into a US Dollar Base Rate Loan
(pursuant to Section 5.04) shall be payable on the date of conversion (but only to the
extent so converted). Any accrued and unpaid interest on the Revolving Loans shall be paid on the
Revolving Loan Maturity Date. Any accrued and unpaid interest on the Term Loans shall be paid on
the Term Loan Maturity Date.

          (e) Determination of Rates. Promptly after the determination of any interest rate
provided for herein or any change therein, the US Administrative Agent shall notify the Lenders
(including the Canadian Administrative Agent) to which such interest is payable and the Applicable
Borrower thereof. Each determination by the US Administrative Agent of an interest rate or fee
hereunder shall, except in cases of manifest error, be final, conclusive and binding on the
parties.

ARTICLE IV

Payments; Pro Rata Treatment; Computations; Etc.

     Section 4.01 Payments
        . Except to the extent otherwise provided herein, all payments of principal, interest and other
amounts to be made by each Borrower under this Agreement and the Loans shall be made in US Dollars
in the case of US Tranche Loans, and in Canadian Dollars or US Dollars, as the case may be, in the
case of Canadian Tranche Loans, in immediately available funds, to the Applicable Administrative
Agent at such account as such Applicable Administrative Agent shall specify by notice to the
Applicable Borrower from time to time, not later than 1:00 p.m. Eastern time on the date on which
such payments shall become

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due (each such payment made after such time on such due date to be
deemed to have been made on the next succeeding Business Day). Such payments shall be made without
(to the fullest extent permitted under applicable law) defense, set-off or counterclaim. Each such
payment so received by the Applicable Administrative Agent under this Agreement or any Note for
account of a Lender shall be paid promptly to such Lender in immediately available funds. Except
as otherwise provided in the definition of “Interest
Period”, if the due date of any payment under this Agreement, any Loan or any Note would otherwise
fall on a day which is not a Business Day such date shall be extended to the next succeeding
Business Day and interest shall be payable for any principal so extended for the period of such
extension. At the time of each payment to the Applicable Administrative Agent of any principal of
or interest on any Borrowing, the Applicable Borrower shall notify the Applicable Administrative
Agent of the Loans to which such payment shall apply. In the absence of such notice, the
Administrative Agents may specify the Loans to which such payment shall apply, but to the extent
possible such payment or prepayment will be applied first to the Loans comprised of US Dollar Base
Rate Loans or Canadian Prime Rate Loans.

     Section 4.02 Pro Rata Treatment. Except to the extent otherwise provided herein, each Lender agrees that: (a) each Borrowing
under Section 2.01 and each continuation and conversion under Section 2.02 shall be
made from the Applicable Lenders pro rata in accordance with their US Tranche Percentages, Canadian
Tranche Percentages or Term Loan Percentages, as the case may be, each payment of fees under
Section 2.04 shall be made for account of the Applicable Lenders pro rata in accordance
with such same percentages; (b) each termination or reduction of the amount of the Aggregate US
Tranche Commitments under Section 2.03(b)(i) shall be applied to the US Tranche Commitment
of each Applicable Lender, pro rata in accordance with its US Tranche Percentage; (c) each
allocation and reallocation of the Aggregate US Tranche Commitments and the Canadian Allocated
Commitments under Section 2.03(b)(ii) shall be made for the account of each US Tranche
Revolving Lender and each Canadian Tranche Revolving Lender according to its respective Percentage
Share; (d) each payment of Commitment Fees under Section 2.04(a) shall be made to each US
Tranche Revolving Lender and Canadian Tranche Revolving Lender or Term Loan Lender, as applicable,
in accordance with their respective Percentage Shares; (e) each payment or prepayment of principal
of Loans by each Borrower shall be made for account of the Applicable Lenders pro rata in
accordance with the respective unpaid Principal Amount of the Loans held by the Applicable Lenders;
(f) each payment of interest on Loans by each Borrower shall be made for account of the Applicable
Lenders pro rata in accordance with the amounts of interest due and payable to the Applicable
Lenders; and (g) each reimbursement by the US Borrower of disbursements under Letters of Credit
shall be made for account of the applicable Issuing Bank or, if funded by the US Tranche Revolving
Lenders, pro rata for the account of the US Tranche Revolving Lenders, in accordance with the
amounts of reimbursement obligations due and payable to each respective US Tranche Revolving
Lender.

     Section 4.03 Computations. Interest on US Dollar LIBOR Loans and US Dollar LIBOR Reference Rate Loans and fees shall be
computed on the basis of a year of 360 days and actual days elapsed (including the first day but
excluding the last day) occurring in the period for which such interest is payable, unless such
calculation would exceed the Highest Lawful Rate, in which case interest shall be calculated on the
per annum basis of a year of 365 or 366 days, as the case may be. Interest on US Dollar Base Rate
Loans shall be computed on the basis of a year

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of 365 or 366 days, as the case may be, and actual
days elapsed (including the first day but excluding the last day) occurring in the period for which
such interest is payable. Interest on Canadian Prime Rate Loans shall be computed as provided in
Section 3.02(b).

     Section 4.04 Agent Reliance. Except with respect to Swingline Loans made pursuant to Section 2.01(a)(iv), unless the
US Administrative Agent shall have received notice from a Lender before the date of any Borrowing
of the proceeds of the Loan that such Lender will not make available to the Applicable
Administrative Agent such Lender’s Percentage Share of such advance, such Applicable Administrative
Agent may assume that such Lender has made its Percentage Share of such Borrowing available to such
Applicable Administrative Agent on the date of such Borrowing in accordance with Section
2.02(c) and such Applicable Administrative Agent may, in reliance upon such assumption, make
available to the Applicable Borrower on such date a corresponding amount. If and to the extent
that such Lender shall not have so made its Percentage Share of such Borrowing available to such
Applicable Administrative Agent, such Lender agrees to immediately pay to such Applicable
Administrative Agent on demand such corresponding amount, together with interest on such amount,
for each day from the date such amount is made available to the Applicable Borrower until the date
such amount is paid to the Applicable Administrative Agent, at the overnight Federal Funds Rate.
If such Lender shall pay to the Applicable Administrative Agent such corresponding amount and
interest as provided above, such corresponding amount so paid shall constitute such Lender’s
advance as part of such Borrowing for purposes of this Agreement even though not made on the same
day as the other advances comprising such Borrowing.

     Section 4.05 Set-off, Sharing of Payments, Etc.

          (a) Each Borrower agrees that, in addition to (and without limitation of) any right of
set-off, bankers’ lien or counterclaim a Lender may otherwise have, each Lender shall have the
right and be entitled (after consultation with the US Administrative Agent), at its option, to
offset balances held by it or by any of its Affiliates for account of the Applicable Borrower at
any of its offices, in US Dollars or in any other currency, against any principal of or interest on
any of such Lender’s Loans, or any other amount payable to such Lender hereunder, which is not paid
when due (including applicable grace periods) (regardless of whether such balances are then due to
such Borrower), in which case it shall promptly notify the Applicable Borrower and the US
Administrative Agent thereof, provided that such Lender’s failure to give such notice shall
not affect the validity thereof.

          (b) If any Lender shall obtain payment of any principal of or interest on any Loan made by it
to a Borrower under this Agreement (or reimbursement as to any Letter of Credit) through the
exercise of any right of set-off, banker’s lien or counterclaim or similar right or otherwise, and,
as a result of such payment, such Lender shall have received a greater percentage of the principal
or interest (or reimbursement) then due hereunder by the Applicable Borrower to such Lender than
the percentage received by any other Applicable Lenders, it shall promptly (i) notify the US
Administrative Agent and each other Lender (including the Canadian Administrative Agent) thereof
and (ii) purchase from such other Applicable Lenders participations in (or, if and to the extent
specified by such Applicable Lender, direct interests in) the Loans (or participations in Letters
of Credit) made by such other Applicable Lenders (or in interest due thereon, as the case may be)
in such amounts, and make such other adjustments from

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time to time as shall be equitable, to the
end that all the Applicable Lenders shall share the
benefit of such excess payment (net of any expenses which may be incurred by such Lender in
obtaining or preserving such excess payment) pro rata in accordance with the unpaid principal
and/or interest on the Loans held by each of the Applicable Lenders (or reimbursements of Letters
of Credit). To such end all the Applicable Lenders shall make appropriate adjustments among
themselves (by the resale of participations sold or otherwise) if such payment is rescinded or must
otherwise be restored. Each Borrower agrees that any Lender so purchasing a participation (or
direct interest) in the Loans made by other Lenders (or in interest due thereon, as the case may
be) may exercise all rights of set-off, banker’s lien, counterclaim or similar rights with respect
to such participation as fully as if such Lender were a direct holder of Loans (or Letters of
Credit) in the amount of such participation. Nothing contained herein shall require any Lender to
exercise any such right or shall affect the right of any Lender to exercise, and retain the
benefits of exercising, any such right with respect to any other indebtedness or obligation of each
Borrower. If under any applicable bankruptcy, insolvency or other similar law, any Lender receives
a secured claim in lieu of a set-off to which this Section 4.05 applies, such Lender shall,
to the extent practicable, exercise its rights in respect of such secured claim in a manner
consistent with the rights of the Applicable Lenders entitled under this Section 4.05 to
share the benefits of any recovery on such secured claim.

          (c) Notwithstanding anything to the contrary contained in this Agreement, the Lenders hereby
agree that they shall not set off any funds in any lock boxes whatsoever in connection with this
Agreement, except for such lock boxes which may be established in connection with this Agreement.

     Section 4.06 Taxes.

          (a) Payments Free and Clear. Any and all payments by each Borrower hereunder shall be
made, in accordance with Section 4.01, free and clear of and without deduction for any and
all present or future taxes, levies, imposts, deductions, charges or withholdings, and all
liabilities with respect thereto, excluding, in the case of each Lender, the Issuing Bank and the
Administrative Agents (each a “Recipient”), taxes imposed on (or measured by) its net
income and franchise, margin or similar taxes imposed on it, by (i) any jurisdiction (or political
subdivision thereof) of which such Recipient is a citizen or resident or in which such Lender has
an Applicable Lending Office, (ii) the jurisdiction (or any political subdivision thereof) in which
such Recipient is organized or (iii) any jurisdiction (or political subdivision thereof) in which
such Recipient is presently doing business which taxes are imposed solely as a result of doing
business in such jurisdiction (all such non-excluded taxes, levies, imposts, deductions, charges,
withholdings and liabilities being hereinafter referred to as “Taxes”). For the avoidance
of doubt, any withholding taxes imposed by the United States of America on payments made by any
Borrower hereunder shall be included within the definition of “Taxes.” If any Borrower shall be
required by law to deduct any Taxes or Other Taxes from or in respect of any sum payable hereunder
to a Recipient, (A) except as provided in Section 13.06(b), the sum payable shall be
increased by the amount necessary so that after making all required deductions (including
deductions applicable to additional sums payable under this Section 4.06) such Recipient
shall receive an amount equal to the sum it would have received had no such deductions been made,
(B) such Borrower shall make such deductions and (C) such

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Borrower shall pay the full amount deducted to the relevant taxing authority or other
Governmental Authority in accordance with applicable law.

          (b) Other Taxes. In addition, to the fullest extent permitted under applicable law,
each Borrower agrees to pay any present or future stamp or documentary taxes or any other excise or
property taxes, charges or similar levies that arise from any payment made hereunder or from the
execution, delivery or registration of, or otherwise with respect to, this Agreement, any
Assignment or any Security Instrument (hereinafter referred to as “Other Taxes”).

          (c) Indemnification. To the fullest extent permitted under applicable law, the
Applicable Borrower will indemnify each Applicable Lender and the Applicable Administrative Agent,
and in the case of the US Borrower only, each Issuing Bank, for the full amount of Taxes and Other
Taxes (including, but not limited to, any Taxes or Other Taxes imposed by any Governmental
Authority on amounts payable under this Section 4.06) paid by such Applicable Lender,
Applicable Administrative Agent (on its behalf or on behalf of any Applicable Lender) or the
Issuing Bank, as the case may be, and any liability (including penalties, interest and expenses)
arising therefrom or with respect thereto, whether or not such Taxes or Other Taxes were correctly
or legally asserted unless the payment of such Taxes was not correctly or legally asserted and such
Lender’s payment of such Taxes or Other Taxes was the result of its or its officers’, employees’,
agents’ or representatives’ gross negligence or willful misconduct. Any payment pursuant to such
indemnification shall be made within thirty (30) days after the date the Applicable Lender, the
Applicable Administrative Agent or the Issuing Bank, as the case may be, make written demand
therefore and the Applicable Borrower shall deliver notice of such payment to the Applicable
Lender, the Applicable Administrative Agent or the Issuing Bank, as the case may be. If a Lender,
an Administrative Agent or an Issuing Bank receives a refund or credit in respect of any Taxes or
Other Taxes for which such Lender, the Administrative Agent or Issuing Bank has received payment
from the Applicable Borrower it shall promptly notify the Applicable Borrower of such refund or
credit and shall, if no Default has occurred and is continuing, within thirty (30) days after
receipt of a request by the Applicable Borrower (or promptly upon receipt, if the Applicable
Borrower has requested application for such refund or credit pursuant hereto), pay an amount equal
to such refund or credit to the Applicable Borrower without interest (but with any interest so
refunded or credited), provided that the Applicable Borrower, upon the request of such
Lender, Issuing Bank, the Administrative Agent or the Canadian Administrative Agent, agrees to
return such refund or credit (plus penalties, interest or other charges) to such Lender,
Administrative Agent or Issuing Bank in the event such Lender, Administrative Agent or Issuing Bank
is required to repay such refund or credit.

          (d) Lender Representations.

          (i) Each US Lender represents that it is either (A) a “United States person” (as such
term is defined in Code Section 7701(a)(30)) or (B) is entitled to complete exemption from
United States withholding tax imposed on or with respect to any payments, including fees, to
be made to it pursuant to this Agreement (1) under an applicable provision of a tax
convention to which the United States of America is a party, (2) because such US Lender is
not described in Code Sections 871(h)(3) or 881(c)(3), or (3) because it is acting through a
branch, agency or office in the United States of America

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and any payment to be received by
it hereunder is effectively connected with a trade or
business in the United States of America. Each US Lender that is not a “United States
person” (as such term is defined in Code Section 7701(a)(30)) agrees to provide to the US
Borrower and the US Administrative Agent on the Initial Funding Date, or on the date of its
delivery of the Assignment pursuant to which it becomes a US Tranche Revolving Lender or
Term Loan Lender, and at such other times as required by United States law or as a US
Borrower or the US Administrative Agent shall reasonably request, two accurate and complete
original signed copies of IRS Form W-8BEN, W-8ECI or W-8IMY (or successor or other
applicable forms prescribed by the IRS) certifying to such US Lender’s entitlement to a
complete exemption from United States withholding Tax on interest payments to be made under
this Agreement; provided, however, that no such US Lender shall be required
to deliver an IRS Form W-8BEN, W-8ECI, or W-8IMY to the extent that the delivery of such
form is not authorized by law due to a change in a Governmental Requirement occurring
subsequent to the date on which a form was originally required to be provided;
provided further, however, that in the event that a US Lender
provides the US Borrower or the US Administrative Agent with an IRS Form W-8-IMY (or
substitute form) indicating that it is a “flow through” entity, as defined in Treasury
Regulations promulgated under Code Section 1441, or otherwise, not a beneficial owner of
interest payments under this Agreement, such US Lender agrees, on or prior to the Initial
Funding Date, or the date of Assignment to such US Lender, as applicable, to take any
actions necessary, and to deliver to the US Borrower and the US Administrative Agent all
forms necessary, to establish such US Lender’s entitlement to a complete exemption from
United States withholding Tax on payments of interest to be made under this Agreement,
including causing its partners, members, beneficiaries, beneficial owners, and their
beneficial owners, if any, to take any actions and deliver any forms necessary to establish
such exemption. Notwithstanding the foregoing, a withholding foreign partnership,
withholding foreign trust, and qualified intermediary shall only provide such information as
is required by Treasury Regulations promulgated under Code Section 1441. For purposes of
this Agreement, the term “forms” shall include any attachments to IRS Forms W-8IMY required
to be filed by the US Lender.

     (ii) Each US Lender that is a “United States person” (as such term is defined in Code
Section 7701(a)(30)) shall provide two properly completed and duly executed copies of IRS
Form W-9, or any successor or other applicable form. Each such US Lender shall deliver to
the US Borrower and the US Administrative Agent (provided that such US Lender
remains lawfully able to do so), two further duly executed copies of such form or statement,
properly completed in all material respects, at or before the time any such form or
statement expires or becomes obsolete, or otherwise as reasonably requested by the US
Borrower. Each such US Lender shall promptly notify the US Borrower at any time it
determines that it is no longer in a position to provide any previously delivered form or
statement to the US Borrower and the US Administrative Agent (or any other form or statement
adopted by U.S. taxing authorities for such purpose).

     (iii) Each US Lender also agrees to deliver to the US Borrower and the US
Administrative Agent such other or supplemental forms as may at any time be required as a
result of changes in applicable law or regulation in order to confirm or maintain in effect
its entitlement to exemption from United States withholding Tax on any payments

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hereunder, provided that the circumstances of such US Lender at the relevant
time and applicable laws permit it to do so. If a US Lender determines, as a result of any
change in either (i) a Governmental Requirement or (ii) its circumstances, that it is unable
to submit any form or certificate that it is obligated to submit pursuant to this
Section 4.06, or that it is required to withdraw or cancel any such form or
certificate previously submitted, it shall promptly notify the US Borrower and the US
Administrative Agent of such fact. Except as provided in Section 4.06(d)(iv), each
US Lender agrees to indemnify and hold harmless the US Borrower or the US Administrative
Agent, as applicable, from any United States Taxes, penalties, interest and other expenses,
costs and losses incurred or payable by (A) the US Borrower or the US Administrative Agent
as a result of such US Lender’s failure to submit any form or certificate that it is
required to provide pursuant to this Section 4.06 or (B) the US Borrower or the US
Administrative Agent as a result of their reliance on any such form or certificate which
such US Lender has provided to them pursuant to this Section 4.06.

     (iv) For any period with respect to which a US Lender has failed to provide the US
Borrower with the form required pursuant to this Section 4.06, if any (other than if
such failure is due to a change in a Governmental Requirement occurring subsequent to the
date on which a form originally was required to be provided, in which case, such US Lender
shall be entitled to indemnification under this Section 4.06 (including the right to
receive additional amounts pursuant to Section 4.06(a)(A)) and shall not be required
to indemnify the US Borrower or the US Administrative Agent pursuant to Section
4.06(d)(iii)(A)), such US Lender shall not be entitled to indemnification under
Section 4.06 with respect to Taxes imposed by the United States which Taxes would
not have been imposed but for such failure to provide such forms; provided,
however, that if a US Lender, which is otherwise exempt from or subject to a reduced
rate of withholding Tax, becomes subject to Taxes because of its failure to deliver a form
required hereunder, the US Borrower shall take such steps as such US Lender shall reasonably
request to assist such US Lender to recover such Taxes.

     (v) Any US Lender claiming any additional amounts payable pursuant to this Section
4.06 shall use reasonable efforts (consistent with legal and regulatory restrictions) to
file any certificate or document requested by the US Borrower or the US Administrative Agent
or to change the jurisdiction of its Applicable Lending Office or to contest any Tax imposed
if the making of such a filing or change or contesting such Tax would avoid the need for or
reduce the amount of any such additional amounts that may thereafter accrue and would not,
in the sole determination of such US Lender, be otherwise disadvantageous to such US Lender.

     (vi) Each Canadian Tranche Revolving Lender represents that it is (A) either (x) not a
non-resident of Canada for purposes of the Income Tax Act (Canada) or (y) a deemed resident
of Canada for purposes of Part XIII of the Income Tax Act (Canada) and (B) an Affiliate of a
US Tranche Revolving Lender. Each Canadian Tranche Revolving Lender agrees to indemnify and
hold harmless the Canadian Borrower or the Canadian Administrative Agent, as applicable,
from any Canadian taxes, penalties, interest and other expenses, costs and losses incurred
or payable by the Canadian Borrower or the Canadian Administrative Agent as a result of its
reliance on any representation in this

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Section 4.06(d)(vi) (other than if such misrepresentation is due to a change in
a Governmental Requirement occurring subsequent to the date on which such representation was
made, in which case, such Canadian Tranche Revolving Lender shall be entitled to
indemnification under this Section 4.06 (including the right to receive additional
amounts pursuant to Section 4.06(a)(A)) and shall not be required to indemnify the
Canadian Borrower or the Canadian Administrative Agent pursuant to Section
4.06(d)(vi)).

          (e) Any Person demanding payment pursuant to this Section 4.06 shall make written
demand on the Applicable Borrower for reimbursement hereunder no later than 180 days after the date
on which such Person makes payment of such amount. Any such demand shall describe in reasonable
detail such item to be reimbursed, including the amount thereof if then known to such Person. In
the event that such Person fails to give the Applicable Borrower timely notice as provided herein,
the Applicable Borrower shall have no obligation to pay such claim for reimbursement.

ARTICLE V

Capital Adequacy

     Section 5.01 Additional Costs.

          (a) Regulations, etc. The Borrowers shall pay directly to each Applicable Lender from
time to time such amounts as such Lender may determine to be necessary to compensate such Lender
for any increased costs which it determines are attributable to its making or maintaining of any US
Dollar LIBOR Loans, accepting and purchasing Bankers’ Acceptances, making or maintaining BA
Equivalent Loans or issuing or participating in Letters of Credit hereunder or its obligation to
make any US Dollar LIBOR Loans, purchase any Bankers’ Acceptances, make any BA Equivalent Loans or
issue or participate in any Letters of Credit hereunder, or any reduction in any amount receivable
by such Lender hereunder in respect of any of such US Dollar LIBOR Loans, Bankers’ Acceptances, BA
Equivalent Loans, Letters of Credit or such obligation, resulting from any Regulatory Change which:
(i) changes the basis of taxation of any amounts payable to such Lender under this Agreement, any
Loan or any Note or BA Equivalent Note or BA Equivalent Loan in respect of any of such US Dollar
LIBOR Loans, Bankers’ Acceptances, BA Equivalent Loans or Letters of Credit (other than taxes
imposed on the overall net income of such Lender or of its Applicable Lending Office for any of
such US Dollar LIBOR Loans by the jurisdiction in which such Lender has its principal office or
Applicable Lending Office or any other taxes excluded from the definitions of Taxes and Other
Taxes); or (ii) imposes or modifies any reserve, special deposit, minimum capital, capital ratio or
similar requirements relating to any extensions of credit or other assets of, or any deposits with
or other liabilities of such Lender or Issuing Bank, or the US Tranche Commitment, Canadian
Allocated Commitment, Term Commitment or Loans of such Lender or the London interbank market or the
Letters of Credit of an Issuing Bank; or (iii) imposes any other condition affecting this
Agreement, any Note, BA Equivalent Note (or any of such extensions of credit or liabilities) or
Letters of Credit, or such Lender’s US Tranche Commitment, Canadian Allocated Commitment, Term
Commitment or Loans or the Letters of Credit of an Issuing Bank. Each
Lender and Issuing Bank will notify the US Administrative Agent and the Applicable Borrower of
any event occurring after the Initial Funding Date which will entitle such Lender or Issuing

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Bank
to compensation pursuant to this Section 5.01(a) as promptly as practicable after it
obtains knowledge thereof and determines to request such compensation, and shall use reasonable
efforts to designate a different Applicable Lending Office for funding or booking its Loans
hereunder or to assign its rights and obligations hereunder to another of its offices, branches or
affiliates, if, in the judgment of such Lender, such designation or assignment (y) would eliminate
or reduce amounts of such compensation in the future and (z) would not subject such Lender to any
unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender. The
Applicable Borrower hereby agrees to pay all reasonable costs and expenses incurred by any Lender
in connection with any such designation or assignment. If any Lender requests compensation from
any Borrower under this Section 5.01(a), such Borrower may, by notice to such Lender,
suspend the obligation of such Lender to make additional Loans of the Type with respect to which
such compensation is requested until the Regulatory Change giving rise to such request ceases to be
in effect (in which case the provisions of Section 5.04 shall be applicable).

          (b) Regulatory Change. Without limiting the effect of the provisions of Section
5.01(a), in the event that at any time (by reason of any Regulatory Change or any other
circumstances arising after the Initial Funding Date affecting (i) any Lender, (ii) the London
interbank market or (iii) such Lender’s position in such market), the US Dollar LIBO Rate, as
determined in good faith by such Lender, will not adequately and fairly reflect the cost to such
Lender of funding its US Dollar LIBOR Loans or its US Dollar LIBOR Reference Rate Loans, then, if
such Lender so elects, by notice to the US Borrower and the US Administrative Agent, the obligation
of such Lender to make additional US Dollar LIBOR Loans or US Dollar LIBOR Reference Rate Loans
shall be suspended until such Regulatory Change or other circumstances ceases to be in effect (in
which case the provisions of Section 5.04 shall be applicable).

          (c) Capital Adequacy. Without limiting the effect of the foregoing provisions of this
Section 5.01 (but without duplication), the Borrowers shall pay directly to any Applicable
Lender or Issuing Bank from time to time on request such amounts as such Lender or Issuing Bank may
reasonably determine to be necessary to compensate such Lender or Issuing Bank or its parent or
holding company for any increased costs which it determines are attributable to the maintenance by
such Lender or Issuing Bank or its parent or holding company (or any Applicable Lending Office),
pursuant to any Governmental Requirement following any Regulatory Change, of capital in respect of
its US Tranche Commitments, its Canadian Allocated Commitments, its Term Commitments, its Note, its
Loans or any interest held by it in any Letter of Credit, such compensation to include, without
limitation, an amount equal to any reduction of the rate of return on assets or equity of such
Lender or Issuing Bank or its parent or holding company (or any Applicable Lending Office) to a
level below that which such Lender or Issuing Bank or its parent or holding company (or any
Applicable Lending Office) could have achieved but for such Governmental Requirement. Such Lender
and Issuing Bank will notify the Applicable Borrower that it is entitled to compensation pursuant
to this Section 5.01(c) as promptly as practicable after it determines to request such
compensation, and, if such Borrower so elects, by notice to such Lender and the US Administrative
Agent, the obligation of such Lender to make additional Loans shall be suspended until such
circumstances cease to be in effect.

          (d) Compensation Procedure. Any Lender or Issuing Bank notifying the Applicable
Borrower of the incurrence of additional costs under this Section 5.01 shall in such

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notice
to such Borrower and the US Administrative Agent set forth in reasonable detail the basis and
amount of its request for compensation no later than 180 days after the event giving rise to the
claim for compensation. Determinations and allocations by each Lender and Issuing Bank for
purposes of this Section 5.01 of the effect of any Regulatory Change pursuant to
Section 5.01(a) or (b), or of the effect of capital maintained pursuant to
Section 5.01(c), on its costs or rate of return of maintaining Loans or its obligation to
make Loans or issue Letters of Credit, or on amounts receivable by it in respect of Loans or
Letters of Credit, and of the amounts required to compensate such Lender or Issuing Bank under this
Section 5.01, shall be conclusive and binding for all purposes, provided that such
determinations and allocations are made on a reasonable basis. Any request for additional
compensation under this Section 5.01 shall be paid by the Applicable Borrower within thirty
(30) days of the receipt by such Borrower of the notice described in this Section 5.01(d)
unless such Lender has failed to timely give notice to such Borrower of such claim for compensation
as provided herein, in which event such Borrower shall not have any obligation to pay such claim;
provided however, if the event giving rise to such claim is retroactive, then the
180 day period referred to above shall be extended to include the period of retroactive effect
thereof.

     Section 5.02 Limitation on US Dollar LIBOR Loans. Anything herein to the contrary notwithstanding, if,
on or prior to the determination of any US Dollar LIBO Rate for any Interest Period:

          (a) the US Administrative Agent determines (which determination shall be conclusive, absent
manifest error) that quotations of interest rates for the relevant deposits referred to in the
applicable definition of “US Dollar LIBO Rate” in Section 1.02 are not being
provided in the relevant amounts or for the relevant maturities for purposes of determining rates
of interest for US Dollar LIBOR Loans or US Dollar LIBOR Reference Rate Loans as provided herein;
or

          (b) the US Administrative Agent determines (which determination shall be conclusive, absent
manifest error) that the relevant rates of interest referred to in the applicable definition of
“US Dollar LIBO Rate” in Section 1.02 upon the basis of which the rate of interest
for US Dollar LIBOR Loans or US Dollar LIBOR Reference Rate Loans for such Interest Period is to be
determined are not sufficient to adequately cover the cost to the Lenders of making or maintaining
US Dollar LIBOR Loans and US Dollar LIBOR Reference Rate Loans;

then the US Administrative Agent shall give the US Borrower prompt notice thereof, and so long as
such condition remains in effect, the Lenders shall be under no obligation to make additional US
Dollar LIBOR Loans or US Dollar LIBOR Reference Rate Loans.

     Section 5.03 Illegality. Notwithstanding any other provision of this Agreement, in the event that it
becomes unlawful for any Lender or its Applicable Lending Office to honor its obligation to make or
maintain US Dollar LIBOR Loans or US Dollar LIBOR Reference Rate Loans hereunder, then such Lender
shall promptly notify the US Borrower thereof and such Lender’s obligation to make US Dollar LIBOR
Loans and US Dollar LIBOR Reference Rate Loans shall be suspended until such time as such Lender
may again make and maintain US Dollar LIBOR Loans or US Dollar LIBOR Reference Rate Loans (in which
case the provisions of Section 5.04 shall be applicable).

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     Section 5.04 US Dollar Base Rate Loans Pursuant to Sections 5.01, 5.02 and 5.03. If the obligation of
any Lender to make US Dollar LIBOR Loans or US Dollar LIBOR Reference Rate Loans shall be suspended
pursuant to Sections 5.01, 5.02 or 5.03 (“Affected Loans”), all
Affected Loans which would otherwise be made by such Lender shall be made instead as US Dollar Base
Rate Loans (and, if an event referred to in Section 5.01(b) or Section 5.03 has
occurred and such Lender so requests by notice to the US Borrower, all Affected Loans of such
Lender then outstanding shall be automatically converted into US Dollar Base Rate Loans on the date
specified by the Lender in such notice) and, to the extent that Affected Loans are so made as (or
converted into) US Dollar Base Rate Loans, all payments of principal which would otherwise be
applied to such Lender’s Affected Loans shall be applied instead to its respective US Dollar Base
Rate Loans.

     Section 5.05 Compensation.

          (a) Subject to Section 5.05(c), the Borrowers shall pay to each Applicable Lender
within thirty (30) days of receipt of written request of such Lender (which request shall set
forth, in reasonable detail, the basis for requesting such amounts and which shall be conclusive
and binding for all purposes provided that such determinations are made on a reasonable
basis), such amount or amounts as shall compensate it for any loss, cost, expense or liability
which such Lender determines are attributable to:

     (i) any payment, prepayment or conversion of a US Dollar LIBOR Loan properly made by
such Lender or any Borrower for any reason (including the acceleration of the Loans pursuant
to Section 11.02) on a date other than the last day of the Interest Period for such
Loan; or

     (ii) any failure by a Borrower for any reason (including but not limited to, the
failure of any of the conditions precedent specified in ARTICLE VI to be satisfied)
to borrow, continue or convert a US Dollar LIBOR Loan from such Lender on the date for such
Borrowing, continuation or conversion specified in the relevant notice given pursuant to
Section 2.02(c).

Without limiting the effect of the preceding sentence, such compensation shall include an amount
equal to the excess, if any, of (A) the amount of interest component which would have accrued on
the Principal Amount so paid, prepaid or converted or not borrowed for the period from the date of
such payment, prepayment or conversion or failure to borrow to the last day of the Interest Period
for such Loan (or, in the case of a failure to borrow, the Interest Period for such Loan which
would have commenced on the date specified for such Borrowing) at the applicable rate of interest
for such Loan provided for herein over (B) the interest component of the amount such Lender would
have bid in the London interbank market for US Dollar deposits
of leading banks in amounts comparable to such Principal Amount and with maturities comparable to
such period (as reasonably determined by such Lender).

          (b) Subject to Section 5.05(c), in the event of (i) the payment of any Principal
Amount of any BA Equivalent Loan or Bankers’ Acceptance other than on the applicable BA Maturity
Date (including as a result of an Event of Default), (ii) the continuation of any BA Equivalent
Loan other than on the applicable BA Maturity Date, (iii) the failure to

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borrow any such Bankers’
Acceptance or borrow or continue any BA Equivalent Loan on the date specified in any notice
delivered pursuant hereto or (iv) the assignment of any BA Equivalent Loan or Bankers’ Acceptance
other than on the applicable BA Maturity Date as a result of a request by the Canadian Borrower,
then, in any such event, the Canadian Borrower shall compensate each Applicable Lender for the
loss, cost and expense attributable to such event. Subject to Section 5.05(c), a
certificate of any such Lender setting forth any amount or amounts that such Lender is entitled to
receive pursuant to this Section 5.05(b) shall be delivered to the Canadian Borrower and
the Administrative Agents and shall be conclusive absent manifest error. Subject to Section
5.05(c), the Canadian Borrower shall pay such Lender the amount shown as due on any such
certificate within thirty (30) days after receipt thereof. Notwithstanding anything to the
contrary contained herein, nothing in this Section 5.05(b) shall be construed as giving
rise to any right of the Canadian Borrower to prepay any Bankers’ Acceptance or BA Equivalent Loan.

          (c) The Applicable Borrower shall not be obligated to pay any such compensation under
Section 5.05(a) or 5.05(b) if the Applicable Lender making such claim for
compensation fails to provide to such Borrower the written request or certificate, as applicable,
contemplated thereby no later than 180 days after the event giving rise to the claim for
compensation; provided however, if the event giving rise to such claim is
retroactive, then the 180 day period referred to above shall be extended to include the period of
retroactive effect thereof.

     Section 5.06 Replacement Lenders.

          (a) If any Lender has notified the Borrowers and the US Administrative Agent of its incurring
additional costs under Section 5.01 or has required the Borrowers to make payments for
Taxes under Section 4.06, then the Borrowers may, unless such Lender has notified the
Borrowers and the US Administrative Agent that the circumstances giving rise to such notice no
longer apply, terminate, in whole but not in part, the Additional Term Loan Commitment, the
Canadian Allocated Commitment, the Term Commitment, the US Tranche Commitment, and the Credit
Exposure, if any, of any Lender (other than the Administrative Agents) (the “Terminated
Lender”) at any time upon five (5) Business Days’ prior written notice to the Terminated Lender
and the US Administrative Agent (such notice referred to herein as a “Notice of
Termination”).

          (b) In order to effect the termination of the Additional Term Loan Commitment, the Canadian
Allocated Commitment, the Term Commitment, the US Tranche Commitment, and the Credit Exposure, as
applicable, of the Terminated Lender, the Borrowers shall: (i) obtain an agreement with one or more
Lenders to increase their Additional Term Loan
Commitment, Canadian Allocated Commitment, Term Commitment, US Tranche Commitment, or Credit
Exposure, as applicable and/or (ii) request any one or more other banking institutions to become
parties to this Agreement in place and instead of such Terminated Lender and agree to accept such
commitment or commitments; provided, however, that such one or more other banking
institutions are reasonably acceptable to the Administrative Agents and become parties by executing
an Assignment and that any replacement of a terminated Canadian Tranche Revolving Lender shall
satisfy the Canadian residency requirements of a Canadian Tranche Revolving Lender (the Lenders or
other banking institutions that agree to accept in whole or in part the Additional Term Loan
Commitment, the Canadian Allocated Commitment, the Term

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Commitment, the US Tranche Commitment, and
the Credit Exposure, if any, of the Terminated Lender being referred to herein as the
“Replacement Lenders”), such that the aggregate increased and/or accepted commitments and
the Credit Exposure of the Replacement Lenders under clauses (i) and (ii) above equal the
Additional Term Loan Commitment, the Canadian Allocated Commitment, the Term Commitment, the US
Tranche Commitment, and the Credit Exposure, if any, of the Terminated Lender.

          (c) The Notice of Termination shall include the name of the Terminated Lender, the date the
termination will occur (the “Lender Termination Date”), and the Replacement Lender or
Replacement Lenders, if any, to which the Terminated Lender will assign its Additional Term Loan
Commitment, Canadian Allocated Commitment, Term Commitment, US Tranche Commitment, and Credit
Exposure, if any, and, if there will be more than one Replacement Lender, the portion of the
Terminated Lender’s US Tranche Commitment, Canadian Allocated Commitment and Term Loans, if any, to
be assigned to each Replacement Lender.

          (d) On the Lender Termination Date (i) the Terminated Lender shall by execution and delivery
of an Assignment assign its Additional Term Loan Commitment, Canadian Allocated Commitment, Term
Commitment, US Tranche Commitment, and Credit Exposure, if any, to the Replacement Lender or
Replacement Lenders (pro rata, if there is more than one Replacement Lender, in proportion to the
portion of the Terminated Lender’s Additional Term Loan Commitment, Canadian Allocated Commitment,
Term Commitment, US Tranche Commitment, and Credit Exposure, if any, to be assigned to each
Replacement Lender) indicated in the Notice of Termination, (ii) the Terminated Lender shall
endorse its Note(s), Bankers’ Acceptances and BA Equivalent Notes, payable without recourse,
representation or warranty to the order of the Replacement Lender or Replacement Lenders (pro rata
as aforesaid), (iii) the Replacement Lender or Replacement Lenders shall purchase the Note(s),
Bankers’ Acceptances and BA Equivalent Notes held by the Terminated Lender (pro rata as aforesaid)
at a price equal to the unpaid Principal Amount thereof plus interest and facility and other fees
accrued and unpaid to the Lender Termination Date, and (iv) the Replacement Lender or Replacement
Lenders will thereupon (pro rata as aforesaid) succeed to and be substituted in all respects for
the Terminated Lender with like effect as if becoming a Lender pursuant to the terms of Section
13.06(b), and the Terminated Lender will have the rights and benefits of an assignor under
Section 13.06(b). To the extent not in conflict, the terms of Section 13.06(b)
shall supplement the provisions of this Section 5.06(d). For each Assignment made under
this Section 5.06, the Replacement Lender shall pay to the Applicable Administrative Agent
the processing fee provided for in Section 13.06(b). The Borrowers will be responsible for
the payment of any breakage costs incurred in connection with the sale of Loans by Terminated
Lenders to Replacement Lenders, as if such Loans had been prepaid and breakage costs had
accrued thereto in accordance with Section 5.05.

ARTICLE VI

Conditions Precedent

     Section 6.01 Initial Funding Date Effectiveness. The Initial Funding Date shall occur, the Lenders shall
make Loans and the Issuing Banks shall issue Letters of Credit and the Existing Letters of Credit
shall each be deemed issued hereunder by the Issuing Banks to the

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beneficiaries thereof, on the
Business Day on which each of the following conditions is satisfied, each of which shall be
reasonably satisfactory to the US Administrative Agent in form and substance:

          (a) A certificate of the Secretary or an Assistant Secretary of the US Borrower setting forth
(i) resolutions of its board of directors with respect to the authorization of the US Borrower to
execute and deliver the Loan Documents to which it is a party and to enter into the transactions
contemplated in those documents, (ii) the officers of the US Borrower (A) who are authorized to
sign the Loan Documents to which the US Borrower is a party and (B) who will, until replaced by
another officer or officers duly authorized for that purpose, act as its representative for the
purposes of signing documents and giving notices and other communications in connection with this
Agreement and the transactions contemplated hereby, (iii) specimen signatures of the authorized
officers, and (iv) the Organization Documents, certified as being true and complete. The
Administrative Agents and the Lenders may conclusively rely on such certificate until the
Administrative Agents receive notice in writing from the US Borrower to the contrary.

          (b) A certificate of the Secretary or an Assistant Secretary of Exterran Canadian Holdings, on
behalf of the Canadian Borrower setting forth (i) resolutions of the partners of the Canadian
Borrower with respect to the authorization of the Canadian Borrower to execute and deliver the Loan
Documents to which it is a party and to enter into the transactions contemplated in those
documents, (ii) the officers of Exterran Canadian Holdings who, on behalf of the Canadian Borrower,
(A) are authorized to sign the Loan Documents to which the Canadian Borrower is a party and (B)
will, until replaced by another officer or officers duly authorized for that purpose, act as its
representative for the purposes of signing documents and giving notices and other communications in
connection with this Agreement and the transactions contemplated hereby, (iii) specimen signatures
of the authorized officers, and (iv) the Organization Documents, certified as being true and
complete. The Administrative Agents and the Lenders may conclusively rely on such certificate
until the Administrative Agents receive notice in writing from the Canadian Borrower to the
contrary.

          (c) A certificate of the Secretary or an Assistant Secretary (or its equivalent) of each
Subsidiary (other than the Canadian Borrower) party to a Loan Document, setting forth (i)
resolutions of its board of directors (or its equivalent) with respect to the authorization of such
Subsidiary to execute and deliver the Loan Documents to which it is a party and to enter into the
transactions contemplated in those documents, (ii) the officers (or its equivalent) of such
Subsidiary (A) who are authorized to sign the Loan Documents to which such Subsidiary is a
party and (B) who will, until replaced by another officer or officers (or its equivalent) duly
authorized for that purpose, act as its representative for the purposes of signing documents and
giving notices and other communications in connection with this Agreement and the transactions
contemplated hereby, (iii) specimen signatures of the authorized officers (or its equivalent), and
(iv) the Organization Documents, certified as being true and complete. The Administrative Agents
and the Lenders may conclusively rely on such certificate until they receive notice in writing from
any Borrower or such Subsidiary to the contrary.

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          (d) Certificates of the appropriate governmental agencies with respect to the existence,
qualification and good standing of the Borrowers and each Subsidiary party to a Loan Document from
the respective jurisdiction of organization of such entity.

          (e) A compliance certificate which shall be substantially in the form of Exhibit C-1,
duly and properly executed by a Responsible Officer of the Borrowers and dated as of the Initial
Funding Date.

          (f) The Security Instruments to be delivered on or before the Initial Funding Date, including
those described on Exhibit D, duly completed and executed in sufficient number of
counterparts for recording, if necessary.

          (g) (i) An opinion of Baker Botts, LLP, counsel to the US Borrower and each Domestic
Subsidiary party to a Loan Document as to such matters incident to the transactions herein
contemplated and as the US Administrative Agent may reasonably request, (ii) an opinion of Cox &
Palmer, Nova Scotia counsel to the Canadian Borrower as to such matters incident to the
transactions herein contemplated and as the US Administrative Agent may reasonably request and
(iii) an opinion of Fraser Milner Casgrain LLP, Alberta counsel to Exterran Canadian Holdings as to
such matters incident to the transactions herein contemplated and as the US Administrative Agent
may reasonably request.

          (h) A certificate of insurance coverage of the US Borrower and its Significant Subsidiaries.

          (i) Appropriate Uniform Commercial Code search certificates or its Canadian equivalent
reflecting no prior Liens encumbering the Properties of the Borrowers and any Subsidiary party to a
Loan Document (under their present names and any previous names within the last five years) all
jurisdictions requested by the US Administrative Agent or Canadian Administrative Agent; other than
those being assigned or released on or prior to the Initial Funding Date or Liens permitted by
Section 10.02.

          (j) Except as set forth on Schedule 6.01(j), all Property in which the Applicable
Administrative Agent shall, at the Initial Funding Date, be entitled to have a Lien pursuant to
this Agreement or any other Security Instrument shall have been physically delivered to the
possession of the Applicable Administrative Agent, or any bailee accepted by the US Administrative
Agent to the extent that such possession is necessary for the purpose of perfecting the Applicable
Administrative Agent’s Lien in such Collateral.

          (k) (i) Each document (including any Uniform Commercial Code or Personal Property Security Act
(Alberta) financing statement or financing statement under
comparable Canadian legislation) to be delivered on or before the Initial Funding Date and
required by this Agreement or under law or reasonably requested by the Applicable Administrative
Agent to be filed, registered or recorded in order to create in favor of the Applicable
Administrative Agent, for the benefit of the Lenders, a perfected Lien on the Collateral described
therein prior and superior in right to any other Person (other than Permitted Liens), shall be in
proper form for filing, registration or recordation and (ii) all necessary

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acknowledgements,
consents and subordinations from existing secured creditors of the Canadian Borrower that have
effective filings against the assets of the Canadian Borrower.

          (l) The financial statements referred to in Section 7.02(a).

          (m) The Notes duly completed and executed for each Lender that has requested a Note.

          (n) A borrowing notice in the form of Exhibit B-1, or Exhibit B-2, as
applicable, duly completed and executed by the Applicable Borrower.

          (o) A Letter of Credit Application pertaining to each new Letter of Credit to be issued on the
Initial Funding Date, if any, duly completed and executed by the US Borrower.

          (p) All costs, fees, expenses (including all fees payable pursuant to Section 2.04,
all reasonable legal fees and expenses and recording taxes and fees) and other compensation
contemplated by this Agreement and the other Loan Documents, and for which statements or invoices
have been submitted to the US Borrower, payable to the Lenders through the Initial Funding Date
shall have been paid.

          (q) The US Administrative Agent shall have received (i) a certificate of a Responsible Officer
of the US Borrower certifying that the US Borrower is concurrently consummating the Merger in
accordance with the terms of the Merger Documents (with all of the material conditions precedent
thereto having been satisfied in all material respects by the parties thereto); (ii) a true and
complete photocopy of each of the executed Merger Documents; and (iii) such other related documents
and information as the US Administrative Agent shall have reasonably requested.

          (r) The US Administrative Agent shall have received an executed counterpart of the Account
Designation Letter.

          (s) The US Administrative Agent shall have received all information and instructions requested
for the flow of funds memorandum.

          (t) The Existing Indebtedness under the 7 1/4% Notes shall have been repaid; and all of the
agreements evidencing and securing such Existing Indebtedness shall have been terminated and the
related financing statements released, amended or assigned as required by the US Administrative
Agent.

          (u) The Lenders shall have received all information from the US Borrower and each Subsidiary
party to a Loan Document necessary for compliance with the requirements of the USA Patriot Act.

          (v) The Intercreditor Agreement shall be in form, structure and substance reasonably
satisfactory to the US Administrative Agent.

          (w) The initial issuance of Debt under the ABS Facility shall be concurrently occurring.

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          (x) Such other documents as the US Administrative Agent, the Canadian Administrative Agent or
any Lender or special counsel to the US Administrative Agent or the Canadian Administrative Agent
may reasonably request.

The US Administrative Agent shall notify the Lenders of the Initial Funding Date, and such notice
shall be conclusive and binding. Notwithstanding the foregoing, this Agreement (and the Aggregate
Commitments) shall terminate if each of the foregoing conditions set forth in Section 6.01
are not satisfied (or waived pursuant to Section 13.04) at or prior to 2:00 p.m. Eastern
time, on February 15, 2008.

     Section 6.02 Loans and Letters of Credit. The obligation of the Lenders to make Loans to the Borrowers
upon the occasion of each Borrowing hereunder and to issue, renew, extend, increase or reissue
Letters of Credit and to accept and purchase Bankers’ Acceptances for the account of the US
Borrower is subject to the further conditions precedent that:

          (a) No Default shall have occurred and be continuing.

          (b) No Material Adverse Effect shall have occurred and be continuing.

          (c) The representations and warranties made by each Borrower in ARTICLE VII and
ARTICLE VIII and in the Security Instruments shall be true on and as of the date of the
making of such Loans or issuance, renewal, extension, increase or reissuance of a Letter of Credit
with the same force and effect as if made on and as of such date and following such new Borrowing,
except to the extent any such representations and warranties are expressly limited to an earlier
date, in which case, on and as of the date of such Borrowing or the date of issuance, amendment,
renewal or extension of such Letter of Credit, as applicable, such representations and warranties
shall continue to be true and correct as of such specified earlier date or the Majority Lenders may
expressly consent in writing to the contrary.

Each request for a Borrowing by the Borrowers or issuance, renewal, extension, increase or
reissuance of a Letter of Credit by the US Borrower or for the acceptance and purchase of a
Bankers’ Acceptance by the Canadian Borrower hereunder shall constitute a certification by such
Borrower to the effect set forth in Section 6.02(c) (both as of the date of such notice
and, unless such Borrower otherwise notifies the US Administrative Agent prior to the date of and
immediately following such Borrowing or issuance, renewal, extension or reissuance of a Letter of
Credit as of the date thereof).

     Section 6.03 Conditions Precedent to Commitment Increases and Additional Term Loans. The obligation of the Lenders to make Commitment Increases and Additional Term Loans under this
Agreement is subject to the receipt by the US Administrative Agent and the Lenders of all fees
payable by written agreement between the US Borrower and the US Administrative Agent on or before
the date on which any Commitment Increase shall be effective and the Additional Term Loans shall be
made, and the receipt by the US Administrative Agent of the following documents and satisfaction of
the other conditions provided in this Section 6.03, each of which shall be reasonably
satisfactory to the US Administrative Agent in form and substance:

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          (a) All reasonable costs, fees, expenses (including legal fees and expenses and recording
taxes and fees) and other compensation contemplated by this Agreement and the other Loan Documents
payable to the Lenders, to the extent invoices and statements have been received, shall have been
paid.

          (b) The Notes duly completed and executed for each Lender that has requested a Note.

          (c) Each document (including any Uniform Commercial Code or Personal Property Security Act
(Alberta) financing statement or financing statement under comparable Canadian legislation)
required by the Security Instruments then in effect or under law or reasonably requested by the
Applicable Administrative Agent to be filed, registered or recorded in order to create in favor of
the Applicable Administrative Agent, for the benefit of the Applicable Lenders, a perfected Lien on
the Collateral described therein, prior and superior in right to any other Person (other than
Permitted Liens), all of which shall be in proper form for filing, registration or recordation.

          (d) All conditions required by Section 6.01(a), (c), (d), (e),
(n) and (p) and Section 6.02 as they relate to the Commitment Increases and
Additional Term Loans shall be repeated as if set forth herein.

          (e) Such other documents as the US Administrative Agent or any Lender or special counsel to
the US Administrative Agent may reasonably request.

ARTICLE VII

Representations and Warranties of US Borrower

     The US Borrower represents and warrants to each of the Administrative Agents and the Lenders
(each representation and warranty herein is given as of the Initial Funding Date after giving
effect to the Merger and shall be deemed repeated and reaffirmed on the dates of each Borrowing and
issuance, renewal, extension or reissuance of a Letter of Credit as provided in Section
6.01 and Section 6.02):

     Section 7.01 Legal Existence. With respect to itself and each of its Significant Domestic Subsidiaries:
(a) is a legal entity duly organized, legally existing and in good standing (if applicable) under
the laws of the jurisdiction of its current organization, except as permitted under Section
10.08; (b) has all requisite power, and has all material governmental licenses, authorizations,
consents and approvals necessary to own its assets and carry on its business as now being or as
proposed to be
conducted; and (c) is qualified to do business in all jurisdictions in which the nature of the
business conducted by it makes such qualification necessary and where failure so to qualify would
result in a Material Adverse Effect.

     Section 7.02 Financial Condition. With respect to the US Borrower, (a) the audited consolidated balance
sheet of Hanover and its Consolidated Subsidiaries as at December 31, 2006 and the related
consolidated statement of income, stockholders’ equity and cash flow of Hanover and its
Consolidated Subsidiaries for the fiscal year ended on said date, with the opinion thereon of
PricewaterhouseCoopers LLP, (b) the audited consolidated balance sheet of Holdings and its
Consolidated Subsidiaries as at December 31, 2006 and the related consolidated statement

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of income,
stockholders’ equity and cash flow of Holdings and its Consolidated Subsidiaries for the fiscal
year ended on said date, with the opinion thereon of Deloitte Touche, (c) the unaudited
consolidated balance sheet of Hanover and its Consolidated Subsidiaries as of June 30, 2007 and the
related consolidated statements of income, stockholders’ equity and cash flow of the Hanover and
its Consolidated Subsidiaries for the six (6) month period ended on such date, (d) the unaudited
consolidated balance sheet of Holdings and its Consolidated Subsidiaries as of June 30, 2007 and
the related consolidated statements of income, stockholders’ equity and cash flow of Holdings and
its Consolidated Subsidiaries for the six (6) month period ended on such date and (e) the unaudited
pro forma combined condensed balance sheet of the US Borrower and its Subsidiaries as of March 31,
2007 and the unaudited combined condensed statements of operations of the US Borrower and its
Subsidiaries for each of the three months ended March 31, 2007 and the 12 months ended December 31,
2006 have been furnished to the Lenders. Such financial statements described in clauses (a), (b),
(c) and (d) above present fairly, in all material respects, the consolidated financial condition of
Hanover and its Consolidated Subsidiaries and Holdings and its Consolidated Subsidiaries, as
applicable, as of said dates and the results of its operations for the periods ended on said dates
in all material respects, all in accordance with GAAP, as applied on a consistent basis (subject,
in the case of the interim financial statements, to normal year-end adjustments and abbreviated
footnotes). The unaudited pro forma combined condensed balance sheet described in clause (e) above
have been prepared with due care based on the assumptions specified therein. Neither the US
Borrower nor any of its Subsidiaries has any material Debt, contingent liabilities, liabilities for
taxes, unusual forward or long-term commitments or unrealized or anticipated losses from any
unfavorable commitments, except as referred to or reflected or provided for in the Financial
Statements or in Schedule 7.02 or permitted under this Agreement. Since December 31, 2006,
there has been no change or event having a Material Adverse Effect.

     Section 7.03 Litigation. Except as disclosed to the Lenders in Schedule 7.03 hereto, at the
Initial Funding Date there is no litigation, legal, administrative or arbitral proceeding,
investigation or other action of any nature pending or, to its knowledge threatened against or
affecting it or any of its Subsidiaries which involves the possibility of any judgment or liability
against it or any of its Subsidiaries which would reasonably be expected to have a Material Adverse
Effect.

     Section 7.04 No Breach. Neither the execution and delivery of the Loan Documents nor the compliance with the terms and
provisions hereof will conflict with or result in a breach of, or require any consent which has not
been obtained as of the Initial Funding Date under, the respective Organization Documents of it or
any of its Restricted Subsidiaries, or any Governmental Requirement or any agreement or instrument
to which it or any of its Restricted Subsidiaries is a party or by which it is bound or to which it
or its Properties are subject, or constitute a default under any such agreement or instrument, or
result in the creation or imposition of any Lien upon any of the revenues or assets of it or any of
its Restricted Subsidiaries pursuant to the terms of any such agreement or instrument other than
the Liens created by the Loan Documents.

     Section 7.05 Authority. It and each of its Restricted Subsidiaries have all necessary power and
authority to execute, deliver and perform its obligations under the Loan Documents to which it is a
party; and the execution, delivery and performance by it and each Restricted

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Subsidiary of the Loan
Documents to which it is a party, have been duly authorized by all necessary action on its part;
and the Loan Documents constitute the legal, valid and binding obligations of it and each of its
Restricted Subsidiaries, enforceable in accordance with their terms, except to the extent that the
enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization,
moratorium or other similar laws generally affecting creditors’ rights and by equitable principles
(regardless of whether enforcement is sought in equity or at law).

     Section 7.06 Approvals. No authorizations, approvals or consents of, and no filings or registrations
with, any Governmental Authority are necessary for the execution, delivery or performance by it or
any of its Restricted Subsidiaries of the Loan Documents or for the validity or enforceability
thereof, except for the recording and filing of the Security Instruments as required by this
Agreement.

     Section 7.07 Use of Loans.

          (a) Revolving Loans. The US Borrower will use the proceeds of the Revolving Loans and
Letters of Credit for working capital, letters of credit and other general corporate purposes
(including capital expenditures, permitted acquisitions, share repurchases, prepayment or
refinancing of Debt and dividends) not in contravention of any Governmental Requirement or of any
Loan Document.

          (b) Initial Term Loans. The US Borrower will use the proceeds of the Initial Term
Loans for repayment of all or a portion of the Existing Indebtedness, and for general corporate
purposes not in contravention of any Governmental Requirement or of any Loan Document.

          (c) Additional Term Loans. The US Borrower will use the proceeds of the Additional
Term Loans for working capital and other general corporate purposes (including capital
expenditures, permitted acquisitions, share repurchases, prepayment or refinancing of
Debt and dividends) not in contravention of any Governmental Requirement or of any Loan
Document or as otherwise set forth in the applicable Commitment Increase Certificate.

          (d) Margin Stock. The US Borrower is not engaged principally, or as one of its
important activities, in the business of extending credit for the purpose, whether immediate,
incidental or ultimate, of buying or carrying margin stock (within the meaning of Regulation T, U
or X of the Board of Governors of the Federal Reserve System) and no part of the proceeds of any
Loan hereunder will be used to buy or carry any margin stock.

     Section 7.08 ERISA. No ERISA Event has occurred or is reasonably expected to occur that, when taken
together with all other such ERISA Events for which liability is reasonably expected to occur,
could reasonably be expected to result in a Material Adverse Effect. The present value of all
accumulated benefit obligations under each Plan (based on the assumptions used for purposes of
Statement of Financial Accounting Standards No. 87) did not, as of the date of the most recent
financial statements reflecting such amounts, exceed by more than $100,000 the fair market value of
the assets of such Plan, and the present value of all accumulated benefit obligations of all
underfunded Plans (based on the assumptions used for

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purposes of Statement of Financial Accounting
Standards No. 87) did not, as of the date of the most recent financial statements reflecting such
amounts, exceed by more than $100,000 the fair market value of the assets of all such underfunded
Plans, except in each case as could not reasonably be expected to result in a Material Adverse
Effect.

     Section 7.09 Taxes. Except as set out in Schedule 7.09, it and its Domestic Subsidiaries have
filed all United States Federal income tax returns and all other tax returns which are required to
be filed by them and have paid all taxes due pursuant to such returns or pursuant to any assessment
received by it or any of its Domestic Subsidiaries, except where the failure to file such tax
returns and pay such taxes could not reasonably be expected to result in a Material Adverse Effect.
The charges, accruals and reserves on the books of it and its Domestic Subsidiaries in respect of
taxes and other governmental charges are, in the opinion of the US Borrower, adequate. No tax lien
has been filed and, to the knowledge of the US Borrower, no claim is being asserted with respect to
any such tax, fee or other charge which could not reasonably be expected to result in a Material
Adverse Effect.

     Section 7.10 Titles, Etc.

          (a) Except as set out in Schedule 7.10, it and its Restricted Subsidiaries have good
and marketable title to their material Properties, (i) except in cases where the failure to have
said good and marketable title would not result in a Material Adverse Effect and (ii) free and
clear of all Liens, except Liens permitted under Section 10.02.

          (b) All leases and agreements necessary for the conduct of the business of it and its
Restricted Subsidiaries are valid and subsisting and in full force and effect except as
could not reasonably be expected to result in a Material Adverse Effect and there exists no
default or event or circumstance which with the giving of notice or the passage of time or both
would give rise to a default under any such lease or agreement and which default, event or
circumstance would result in a Material Adverse Effect.

     Section 7.11 No Material Misstatements. No written information, statement, exhibit, certificate,
document or report (other than projections) furnished to the Administrative Agents and the Lenders
(or any of them) by it or any of its Restricted Subsidiaries in connection with the negotiation of
this Agreement, including the Offering Memorandum, or delivered hereunder (as modified or
supplemented by other information so furnished) contains any material misstatement of fact or omits
to state a material fact necessary to make the statements contained therein not materially
misleading in the light of the circumstances in which made and with respect to it and its
Restricted Subsidiaries taken as a whole. To the US Borrower’s knowledge, there is no fact
peculiar to it or any of its Restricted Subsidiaries which has a Material Adverse Effect and which
has not been set forth in this Agreement or the other documents, certificates and statements
furnished to the Administrative Agents by or on behalf of it or any of its Restricted Subsidiaries
or otherwise prior to, or on, the Initial Funding Date in connection with the transactions
contemplated hereby. All projections by or on behalf of the US Borrower have been prepared on the
basis of reasonable assumptions and the US Borrower has no reason to believe they are incorrect or
misleading in any material respect.

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     Section 7.12 Investment Company Act. Neither it nor any of its Subsidiaries is an “investment company”
or a company “controlled” by an “investment company,” within the meaning of the Investment Company
Act of 1940, as amended.

     Section 7.13 Anti-Terrorism Law.

          (a) Neither it nor any of its Subsidiaries is, and to its knowledge, none of its Affiliates,
officers or directors are in violation in any material respect of any applicable Governmental
Requirement relating to terrorism or money laundering (“Anti-Terrorism Laws”), including
Executive Order No. 13224 on Terrorist Financing, effective September 24, 2001 (the “Executive
Order”), the Uniting and Strengthening America by Providing Appropriate Tools Required to
Intercept and Obstruct Terrorism Act of 2001, Public Law 107-56 (the “USA Patriot Act”),
and the Trading with the Enemy Act, 50 U.S.C. App. 1 et seq., in each case, as amended from time to
time.

          (b) Neither it nor any of its Subsidiaries is, and to its knowledge, none of its Affiliates,
officers or directors are any of the following:

     (i) a Person that is listed in the annex to, or is otherwise subject to the provisions
of, the Executive Order;

     (ii) a Person owned or controlled by, or acting for or on behalf of, any Person that is
listed in the annex to, or is otherwise subject to the provisions of, Section 1 of the
Executive Order;

     (iii) a Person with which any Lender is prohibited by any Anti-Terrorism Law from
dealing or otherwise engaging in any transaction;

     (iv) a Person that commits, threatens or conspires to commit or supports “terrorism” as
defined in the Executive Order; or

     (v) a Person that is named as a “specially designated national and blocked Person” on
the most currently published list by the U.S. Treasury Department Office of Foreign Assets
Control (“OFAC”) at its official website or any replacement website or other
replacement official publication of such list.

          (c) Neither it nor any of its Subsidiaries is, and to its knowledge, none of it or its
Subsidiaries’ brokers or other agents acting in any capacity in connection with the Loans (i)
conducts any business or engages in making or receiving any contribution of funds, goods or
services to or for the benefit of any Person described in paragraph (b) above, (ii) deals in, or
otherwise engages in any transaction relating to, any Property or interests in Property blocked
pursuant to the Executive Order, or (iii) engages in or conspires to engage in any transaction that
evades or avoids, or has the purpose of evading or avoiding, or attempts to violate, any of the
prohibitions set forth in any Anti-Terrorism Law.

     Section 7.14 Subsidiaries. Except as set forth on Schedule 7.14 or as otherwise provided to the
US Administrative Agent in writing pursuant to Section 13.02, as of the Initial Funding
Date, it has no Subsidiaries.

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     Section 7.15 Location of Business and Offices. The US Borrower’s principal place of business and chief
executive office is located at the addresses specified in Section 13.02 (or as set forth in
a notice delivered to the US Administrative Agent in writing pursuant to Section 13.02).

     Section 7.16 Defaults. Neither it nor any of its Restricted Subsidiaries is in material default nor has
any event or circumstance occurred which, but for the expiration of any applicable grace period or
the giving of notice, or both, would constitute a material default under any material agreement or
instrument to which it or any of its Restricted Subsidiaries is a party or by which it or any of
its Restricted Subsidiaries is bound, which default would result in a Material Adverse Effect. No
Default hereunder has occurred and is continuing.

     Section 7.17 Environmental Matters. Except (a) as provided in a notice to all Lenders or (b) as would
not have a Material Adverse Effect:

     (i) Neither any Property of it or any of its Subsidiaries nor the operations conducted
thereon violate any order or requirement of any court or Governmental Authority or any
Environmental Laws;

     (ii) Without limitation of clause (i) above, no Property of it or any of its
Subsidiaries nor the operations currently conducted thereon or, to the best knowledge of it,
by any prior owner or operator of such Property or operation, are in violation of or subject
to any existing, pending or threatened action, suit, investigation, inquiry or proceeding by
or before any court or Governmental Authority or to any remedial obligations under
Environmental Laws;

     (iii) All notices, permits, licenses or similar authorizations, if any, required to be
obtained or filed by it or any of its Subsidiaries in connection with the operation or use
of any and all Property of it and each of its Subsidiaries, including without limitation
past or present treatment, storage, disposal or release of a hazardous substance or solid
waste into the environment, have been duly obtained or filed, and it and each of its
Subsidiaries are in compliance with the terms and conditions of all such notices, permits,
licenses and similar authorizations;

     (iv) To the best knowledge of it, all hazardous substances, solid waste, and oil and
gas exploration and production wastes, if any, generated at any and all Property of it or
any of its Subsidiaries have in the past been transported, treated and disposed of in
accordance with Environmental Laws and, to the best knowledge of it, all such transport
carriers and treatment and disposal facilities have been and are operating in compliance
with Environmental Laws and are not the subject of any existing, pending or threatened
action, investigation or inquiry by any Governmental Authority in connection with any
Environmental Laws;

     (v) To the best knowledge of it, no hazardous substances, solid waste, or oil and gas
exploration and production wastes, have been disposed of or otherwise released and there has
been no threatened release of any hazardous substances on or to any Property of it or any of
its Subsidiaries except in compliance with Environmental Laws;

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     (vi) To the extent applicable, all Property of it and each of its Subsidiaries
currently satisfies all design, operation, and equipment requirements imposed by OPA or
scheduled as of the Initial Funding Date to be imposed by OPA during the term of this
Agreement, and it does not have any reason to believe that such Property, to the extent
subject to OPA, will not be able to maintain compliance with OPA requirements during the
term of this Agreement; and

     (vii) Neither it nor any of its Subsidiaries has any known contingent liability in
connection with any release or threatened release of any oil, hazardous substance or solid
waste into the environment.

     Section 7.18 Compliance with the Law. Neither it nor any of its Subsidiaries has violated any
Governmental Requirement or failed to obtain any license, permit, franchise or other governmental
authorization necessary for the
ownership of any of its Properties or the conduct of its business, which violation or failure would
(in the event such violation or failure were asserted by any Person through appropriate action)
result in a Material Adverse Effect.

     Section 7.19 Hedging Agreements. Schedule 7.19 sets forth, as of the Initial Funding Date, a
true and complete list of all Hedging Agreements (including commodity price swap agreements,
forward agreements or contracts of sale which provide for prepayment for deferred shipment or
delivery of oil, gas or other commodities) of it and each of its Restricted Subsidiaries or issued
pursuant to the ABS Facility, the material terms thereof (including the type, term, effective date,
termination date and notional amounts or volumes), the net mark to market value thereof, all credit
support agreements relating thereto (including any margin required or supplied), and the
counterparty to each such agreement.

     Section 7.20 Restriction on Liens. Except as set forth on Schedule 7.20 or permitted under
Section 10.10, as of the Initial Funding Date, neither it nor any of its Restricted
Subsidiaries is a party to any agreement or arrangement (other than this Agreement and the Security
Instruments), or subject to any order, judgment, writ or decree, which either restricts or purports
to restrict its ability to grant Liens pursuant to this Agreement and the Security Instruments to
other Persons on or in respect of its material Properties.

ARTICLE VIII

Representations and Warranties of Canadian Borrower

     The Canadian Borrower represents and warrants to each of the Administrative Agents and the
Canadian Tranche Revolving Lenders (each representation and warranty herein is given as of the
Initial Funding Date after giving effect to the Merger and shall be deemed repeated and reaffirmed
on the dates of each Borrowing as provided in Section 6.01 and Section 6.02) with
respect to the Canadian Tranche:

     Section 8.01 Legal Existence. The Canadian Borrower and each Significant Canadian Subsidiary: (a) is a
limited partnership or legal entity, as the case may be, duly formed, legally existing and in good
standing under the laws of the jurisdiction of its current organization; (b) has all requisite
power, and has all material governmental licenses, authorizations, consents and approvals necessary
to own its assets and carry on its business as

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now being or as proposed to be conducted; and (c) is
qualified to do business in all jurisdictions in which the nature of the business conducted by it
makes such qualification necessary and where failure so to qualify would result in a Material
Adverse Effect.

     Section 8.02 No Breach. Neither the execution and delivery of the Loan Documents nor the compliance
with the terms and provisions hereof will conflict with or result in a breach of, or require any
consent which has not been obtained as of the Initial Funding Date under, the Organization
Documents of the
Canadian Borrower and the Significant Canadian Subsidiaries, or any Governmental Requirement or any
agreement or instrument to which the Canadian Borrower or the Significant Canadian Subsidiaries are
a party or by which they are bound or to which they or their Properties are subject, or constitute
a default under any such agreement or instrument, or result in the creation or imposition of any
Lien upon any of the revenues or assets of the Canadian Borrower or the Significant Canadian
Subsidiaries pursuant to the terms of any such agreement or instrument other than the Liens created
by the Loan Documents.

     Section 8.03 Authority. The Canadian Borrower and the Significant Canadian Subsidiaries have all
necessary power and authority to execute, deliver and perform their obligations under the Loan
Documents to which they are a party; and the execution, delivery and performance by the Canadian
Borrower and the Significant Canadian Subsidiaries of the Loan Documents to which they are a party,
have been duly authorized by all necessary action on their part; and the Loan Documents constitute
the legal, valid and binding obligations of the Canadian Borrower and the Significant Canadian
Subsidiaries, enforceable in accordance with their terms, except to the extent that the
enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization,
moratorium or other similar laws generally affecting creditors’ rights and by equitable principles
(regardless of whether enforcement is sought in equity or at law).

     Section 8.04 Approvals. No authorizations, approvals or consents of, and no filings or registrations
with, any Governmental Authority are necessary for the execution, delivery or performance by the
Canadian Borrower or the Significant Canadian Subsidiaries of the Loan Documents or for the
validity or enforceability thereof except for the recording and filing of any Security Instrument
required hereby.

     Section 8.05 Defaults. Neither the Canadian Borrower nor the Significant Canadian Subsidiaries are in
material default or have any event or circumstance occurred which, but for the expiration of any
applicable grace period or the giving of notice, or both, would constitute a material default under
any material agreement or instrument to which the Canadian Borrower or the Significant Canadian
Subsidiaries are a party or by which the Canadian Borrower or the Significant Canadian Subsidiaries
are bound, which default would result in a Material Adverse Effect.

     Section 8.06 Income Tax Act (Canada). The Canadian Borrower and each Significant Canadian Subsidiary is
either not a non-resident of Canada for purposes of the Income Tax Act (Canada) or is deemed a
resident of Canada for purposes of Part XIII of the Income Tax Act (Canada).

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     Section 8.07 Use of Loans. The Canadian Borrower will use the proceeds of the Canadian Tranche Loans
for working capital and other general corporate purposes (including capital expenditures, permitted
acquisitions, share repurchases, prepayment or refinancing of Debt and dividends) not in
contravention of any Governmental Requirement or of any Loan Document.

     Section 8.08 Canadian Taxes. Except as set out in Schedule 8.08, the Canadian Borrower and each
of its Subsidiaries have filed all federal, provincial and income taxes and all other tax returns
which are required to be filed by them and have paid all taxes due pursuant to such returns or
pursuant to any assessment received by it or any of its Subsidiaries, except where the failure to
file such tax returns and pay such taxes could not reasonably be expected to result in a Material
Adverse Effect. The charges, accruals and reserves on the books of it and its Subsidiaries in
respect of taxes and other governmental charges are, in the opinion of the Canadian Borrower,
adequate. No tax lien has been filed and, to the knowledge of the Canadian Borrower, no claim is
being asserted with respect to any such tax, fee or other charge which could not reasonably be
expected to result in a Material Adverse Effect.

     Section 8.09 Location of Business; Names. The only provinces in which the Canadian Borrower or any of
its Significant Canadian Subsidiaries has any place of business, real property or stores any
tangible personal property in excess of $50,000,000 are set forth on Schedule 8.09. Such
schedule also sets out (i) the chief executive office or principal place of business in Canada of
the Canadian Borrower and each Significant Canadian Subsidiary and (ii) the full and correct name
of the Canadian Borrower and each Significant Canadian Subsidiary, including any French and English
forms of its name.

     Section 8.10 Canadian Welfare and Pension Plans. The Canadian Borrower and each Significant Canadian
Subsidiary have adopted all Canadian Welfare Plans required by applicable Governmental Requirements
and each of such plans has been maintained and is in compliance with such Governmental Requirements
in all material respects including all requirements relating to employee participation, funding,
investment of funds, benefits and transactions with the Canadian Borrower and the Significant
Canadian Subsidiaries and persons related to them, except in each case that could not reasonably be
expected to result in a Material Adverse Effect. Should there exist any Canadian Pension Plans,
the Canadian Borrower confirms that: (a) no steps have been taken to terminate any Canadian
Pension Plan (wholly or in part) which could result in the Canadian Borrower or any Significant
Canadian Subsidiary being required to make an additional contribution to the Canadian Pension Plan;
(b) no contribution failure has occurred with respect to any Canadian Pension Plan sufficient to
give rise to a Lien or charge under any applicable pension benefits laws of any other jurisdiction
other than an Excepted Lien; (c) no condition exists and no event or transaction has occurred with
respect to any Canadian Pension Plan which is reasonably likely to result in the Canadian Borrower
or any Significant Canadian Subsidiary incurring any material liability, fine or penalty; and (d)
neither the Canadian Borrower nor any Significant Canadian Subsidiary has a material contingent
liability with respect to any post-retirement benefit under a Canadian Welfare Plan, except in each
case that could not reasonably be expected to result in a Material Adverse Effect.

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ARTICLE IX

Affirmative Covenants

     The US Borrower covenants and agrees that, so long as any of the Aggregate Commitments are in
effect and until payment in full of all Loans hereunder, all interest thereon and all other amounts
payable by the Borrowers hereunder:

     Section 9.01 Reporting Requirements. It shall deliver, or shall cause to be delivered, to the US
Administrative Agent:

          (a) Financial Statements. (i) Within 30 days after the same is required to be filed
with the SEC or any successor agency (but in any event within 90 days of the end of each fiscal
year of the US Borrower), a copy of each annual report and any amendment to a report filed with the
SEC or any successor agency pursuant to Section 13 or 15(d) of the Exchange Act (currently Form
10-K), as the same may be amended from time to time, (ii) within 30 days after the same is required
to be filed with the SEC or any successor agency (but in any event within 60 days after the end of
each of the first three fiscal quarters of the US Borrower), a copy of each quarterly report and
any amendment to any quarterly report filed with the SEC or any successor agency pursuant to
Section 13 or 15(d) of the Exchange Act (currently Form 10-Q), as the same may be amended, from
time to time and (iii) promptly after the same become available, but in any event within fifteen
(15) days following the date the same are required to be filed with the SEC, all other reports,
notices, proxy statements or other documents that are distributed by the US Borrower to its
shareholders and all regular and periodic final reports (including reports on Form 8-K) filed by
the US Borrower with the SEC, which are publicly available; provided, however, that
the US Borrower shall be deemed to have furnished the information required by this Section
9.01(a) if the US Borrower shall have timely made the same available on “EDGAR” and/or on its
home page on the worldwide web (at the date of this Agreement located at
http://www.exterran.com); provided further, however, that if the US
Administrative Agent is unable to access “EDGAR” or the US Borrower’s home page on the worldwide
web, the US Borrower agrees to provide the US Administrative Agent with paper copies of the
information required to be furnished pursuant to this Section 9.01(a) promptly following
notice from the US Administrative Agent.

          (b) Budget, Projections. Within 90 days following the end of each fiscal year of the
US Borrower, a copy of the projections of the operating budget and cash flow budget of the US
Borrower and its Subsidiaries prepared on a consolidated basis for the succeeding fiscal year, such
projections to be accompanied by a certificate of a Responsible Officer to the effect that such
projections have been prepared on the basis of reasonable assumptions and that such Responsible
Officer has no reason to believe they are incorrect or misleading in any material respect.

          (c) Notice of Default, Etc. Promptly after it or the Canadian Borrower knows that any
Default or Material Adverse Effect has occurred, a notice of such Default or Material Adverse
Effect, describing the same in reasonable detail and the action such Borrower proposes to take with
respect thereto.

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          (d) Management Letters. Promptly after it or any Significant Subsidiary’s receipt
thereof, a copy of any “management letter” addressed to the board of directors of it or such
Significant Subsidiary from its certified public accountants and any internal control memoranda
relating thereto.

          (e) Other Matters. From time to time such other information regarding the business,
affairs or financial condition of it or any Significant Subsidiary (including any Plan,
Multiemployer Plan, Canadian Pension Plan or Canadian Welfare Plan and any reports or other
information required to be filed under ERISA) as the US Administrative Agent may reasonably
request.

          (f) Rating Change. Promptly after Moody’s or S&P shall have announced a change in the
Index Debt Rating, a notice of such change describing the same in detail.

          (g) Labor Disputes. Promptly upon becoming aware of any labor dispute which would
result in a Material Adverse Effect, a notice of such dispute describing same in detail and the
action the US Borrower proposes to take with respect thereto.

          (h) Compliance Certificate. The US Borrower, within ten (10) Business Days of any
deemed delivery of any annual report or quarterly report pursuant to paragraph (a) above, will
furnish to the US Administrative Agent (i) a certificate substantially in the form of Exhibit
C-2 executed by a Responsible Officer of the US Borrower (A) certifying as to the matters set
forth therein and stating that no Default has occurred and is continuing (or, if any Default has
occurred and is continuing, describing the same in reasonable detail) and (B) setting forth in
reasonable detail the computations necessary to determine whether the US Borrower is in compliance
with Section 10.13(a), (b) and (c) as of the end of the respective fiscal
quarter or fiscal year; and (ii) a report, in form and substance satisfactory to the US
Administrative Agent, setting forth as of such Quarterly Date a true and complete list of all
Hedging Agreements (including commodity price swap agreements, forward agreements or contracts of
sale which provide for prepayment for deferred shipment or delivery of oil, gas or other
commodities) of it, each of its Restricted Subsidiaries or pursuant to the ABS Facility, the
material terms thereof (including the type, term, effective date, termination date and notional
amounts or volumes), the net mark to market value therefor, any new credit support agreements
relating thereto not listed on Schedule 7.19, any margin required or supplied under any
credit support document, and the counter party to each such agreement.

          (i) Consolidating Financials. Within the time period required for the delivery of the
financial statements required by Section 9.01(a), the US Borrower shall deliver
consolidating information with respect to the Unrestricted Subsidiaries.

     Section 9.02 Litigation. It shall promptly give to the US Administrative Agent notice of any litigation
or governmental investigation or proceeding pending against it or any of its Subsidiaries which
would result in a Material Adverse Effect.

     Section 9.03 Maintenance, Etc.

          (a) Generally. Except as otherwise permitted under Section 10.08, it shall
and shall cause each Significant Subsidiary to: (i) preserve and maintain its legal entity

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existence; (ii) preserve and maintain all of its material rights, privileges, franchises, patents,
trademarks, copyrights and licenses except which could not reasonably be expected to results in a
Material Adverse Effect; (iii) comply with all Governmental Requirements if failure to comply with
such requirements will have a Material Adverse Effect; (iv) pay and discharge all taxes,
assessments and governmental charges or levies imposed on it or on its income or profits or on any
of its Property prior to the date on which penalties attach thereto, except for any such tax,
assessment, charge or levy the payment of which is being contested in good faith and by proper
proceedings and against which adequate reserves are being maintained in accordance with GAAP or
except which could not reasonably be expected to results in a Material Adverse Effect; and (v) upon
reasonable notice, permit representatives of the Administrative Agents, during normal business
hours, to examine, copy and make extracts from its books and records, to inspect its Properties,
and to discuss its business and affairs with its officers, all to the extent reasonably requested
by such Administrative Agent.

          (b) Proof of Insurance. It shall and shall cause each Significant Subsidiary to
maintain, with financially sound and reputable insurance companies, insurance policies which (i)
are sufficient for compliance with all requirements of law and of all agreements to which it or any
Significant Subsidiary is a party; (ii) are valid, outstanding and enforceable policies; and (iii)
provide adequate insurance coverage in at least such amounts and against at least such risks (but
including in any event public liability) as are usually insured against in the same general area by
companies engaged in the same or a similar business for the assets and operations of it and each
Significant Subsidiary. Within 30 days after the renewal thereof, the US Borrower will furnish or
cause to be furnished to the US Administrative Agent a certificate of insurance coverage from the
insurer in form and substance reasonably satisfactory to the US Administrative Agent and, if
requested, will furnish the US Administrative Agent copies of the applicable policies.

          (c) Operation of Properties. It will and will cause each of its Restricted
Subsidiaries to operate its Properties or cause such Properties to be operated in a careful and
efficient manner (i) in compliance with the practices of the industry, (ii) in compliance with all
applicable contracts and agreements and (iii) in compliance in all material respects with all
Governmental Requirements, except where the noncompliance therewith would not result in a Material
Adverse Effect.

     Section 9.04 Environmental Matters.

          (a) Establishment of Procedures. It will and will cause each of its Subsidiaries to
establish and implement such reasonable procedures as may be necessary to assure that any failure
of the following does not have a Material Adverse Effect: (i) all Property of it and its
Subsidiaries and the operations conducted thereon and other activities of it and its
Subsidiaries are in compliance with and do not violate the requirements of any Environmental
Laws, (ii) no oil, hazardous substances or solid wastes are disposed of or otherwise released on or
to any Property owned by any such party except in compliance with Environmental Laws and (iii) no
hazardous substance will be released on or to any such Property in a quantity equal to or exceeding
that quantity which requires reporting pursuant to Section 103 of CERCLA.

          (b) Notice of Action. The US Borrower will promptly notify the US Administrative
Agent in writing of any threatened action, investigation or inquiry by any

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Governmental Authority
of which the US Borrower has knowledge in connection with any Environmental Laws, which would
result in a Material Adverse Effect.

     Section 9.05 Further Assurances. It will and will cause each of its Restricted Subsidiaries to cure
promptly any defects in the creation and issuance of the Notes and the execution and delivery of
the Security Instruments and this Agreement. It at its expense will and will cause each of its
Restricted Subsidiaries to promptly execute and deliver to the Applicable Administrative Agent upon
request all such other documents, agreements and instruments to comply with or accomplish the
covenants and agreements of it or any of its Restricted Subsidiaries, as the case may be, in the
Security Instruments and this Agreement, or to further evidence and more fully describe the
collateral intended as security for the Loans, or to correct any omissions in the Security
Instruments, or to state more fully the security obligations set out herein or in any of the
Security Instruments, or to perfect, protect or preserve any Liens created pursuant to any of the
Security Instruments, or to make any recordings, to file any notices or obtain any consents, all as
may be reasonably necessary or appropriate in connection therewith.

     Section 9.06 Performance of Obligations. The Borrowers will pay their Loans according to the reading,
tenor and effect thereof; and they will and will cause each of their Subsidiaries to do and perform
every act and discharge all of the obligations to be performed and discharged by them under the
Security Instruments and this Agreement, at the time or times and in the manner specified.

     Section 9.07 Collateral and Guaranties.

          (a) United States.

     (i) It shall and it shall cause each wholly-owned Significant Domestic Subsidiary to
grant a Lien pursuant to the Security Instruments on substantially all of its Properties
located in the United States now owned or at any time hereafter acquired by it or a
Subsidiary Guarantor, including all Equipment, Accounts, Chattel Paper, Documents, General
Intangibles, Instruments, Inventory and real property; provided that the foregoing
shall not require the creation or perfection of pledges of, security interests in or
mortgages on, with respect to (A) Hanover’s chief executive offices located at 12001 North
Houston Rosslyn, Houston, Texas 77086 and any real property that has a value of less than
$10,000,000, (B) the GP Interests and IDRs, (C) any Property as
provided on Schedule 9.07(a), (D) any Property of any ABS Subsidiary and (E)
any Property that in the judgment of the US Administrative Agent, the cost of creating or
perfecting such pledges, security interests or mortgages on such Property would be excessive
in view of the benefits to be obtained by the Lenders therefrom; provided
further that it and any wholly-owned Significant Domestic Subsidiary will promptly,
but no later than ninety (90) days, perfect Liens on real Property acquired in an
acquisition (subject to the limitations set forth above); provided further
that any newly created or acquired Significant Domestic Subsidiary shall promptly, but no
later than ninety (90) days from its creation or acquisition, perfect Liens on its other
Property required to be perfected under the other terms of this Section 9.07(a)(i)
and upon any Domestic Subsidiary becoming a Significant Domestic Subsidiary shall, within
thirty (30) days

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after the delivery of the most recent fiscal year end financial statements,
perfect Liens on its other Property required to be perfected under the other terms of this
Section 9.07(a)(i).

     (ii) It shall promptly cause each wholly-owned Significant Domestic Subsidiary now
existing or hereafter formed or acquired to, guarantee the Indebtedness pursuant to the
execution and delivery of the Guaranty Agreement – US or a supplement thereto;
provided that any newly created or acquired Significant Domestic Subsidiary shall
promptly, but no later than ninety (90) days from its creation or acquisition, guarantee the
Indebtedness pursuant to the execution and delivery of the Guaranty Agreement – US under the
other terms of this Section 9.07(a)(ii) and upon any Domestic Subsidiary becoming a
Significant Domestic Subsidiary shall, within thirty (30) days after the delivery of the
most recent fiscal year end financial statements, guarantee the Indebtedness pursuant to the
execution and delivery of the Guaranty Agreement – US under the other terms of this
Section 9.07(a)(ii).

     (iii) Other than any Property that in the judgment of the US Administrative Agent, the
cost of creating or perfecting such pledges, security interests or mortgages on such
Property would be excessive in view of the benefits to be obtained by the Lenders therefrom,
it shall cause to be pledged by the appropriate Subsidiary:

     (A) on the Initial Funding Date, all of the Equity Interests of each
Significant Domestic Subsidiary directly or indirectly owned by the US Borrower
(excluding any ABS Subsidiary);

     (B) all LP Units and Subordinated Units in EPLP owned by a US Domestic
Subsidiary;

     (C) the Equity Interests in the General Partner;

     (D) the Equity Interests in the owners of the General Partner;

     (E) on the Initial Funding Date, 65% of the Equity Interests of Exterran
Argentina, Exterran NLBV, Exterran Spain and Exterran Venezuela;

     (F) to the extent not already pledged under clauses (A) through (E) above,
ninety (90) after the Initial Funding Date, (1) all of the Equity Interests of each
Domestic Subsidiary directly or indirectly owned by the US Borrower
(excluding any ABS Subsidiary) and (2) 65% of the Equity Interests of each
first tier Foreign Subsidiary (excluding the Exterran Cayman Entities);
provided that on such date, the US Borrower shall deliver or cause its
Subsidiaries to deliver, to the extent certificated, original stock certificates or
other certificates evidencing such Equity Interests, together with an appropriate
undated stock power for each certificate duly executed in blank by the registered
owner thereof except to the extent that the delivery of such certificates is not
authorized due to a Governmental Requirement; and

     (G) promptly, but no later than ninety (90) days from the creation,
acquisition of any Subsidiary (1) all of the Equity Interests of each Domestic

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Subsidiary directly or indirectly owned by the US Borrower (excluding any ABS
Subsidiary) or (2) 65% of the Equity Interests of each first tier Foreign Subsidiary
(excluding the Exterran Cayman Entities) directly or indirectly owned by the US
Borrower; provided that on such date, the US Borrower shall deliver or cause
its Subsidiaries to deliver, to the extent certificated, original stock certificates
or other certificates evidencing such Equity Interests, together with an appropriate
undated stock power for each certificate duly executed in blank by the registered
owner thereof except to the extent that the delivery of such certificates is not
authorized due to a Governmental Requirement.

On the Initial Funding Date, the US Borrower shall deliver or cause its Subsidiaries to deliver, to
the extent certificated, original stock certificates or other certificates evidencing the Equity
Interests pledged in clauses (A) through (E) above for those certificates held by the respective
administrative agents (or their representatives) immediately prior to the Initial Funding Date
under the Existing Universal Credit Agreement and Existing Hanover Credit Agreement, together with
an appropriate undated stock power for each certificate duly executed in blank by the registered
owner thereof.

          (b) Canada.

     (i) It shall cause the Canadian Borrower and each wholly-owned Significant Canadian
Subsidiary to grant a Lien pursuant to the Security Instruments on substantially all of its
Properties located in Canada now owned or at any time hereafter acquired by it or a
wholly-owned Significant Canadian Subsidiary, including all Equipment, Investment Property,
Goods, Accounts, Chattel Paper, Documents of Title, Intangibles, Instruments and Inventory
(each as defined in Personal Property Security Act (Alberta)) and real property;
provided that the foregoing shall not require the creation or perfection of pledges
of, security interests in or mortgages on, with respect to (A) the Canadian Borrower’s
offices located at 4949 76th Avenue SE, Calgary, Alberta T2C 3C6, Canada and any real
property that has a value of less than $10,000,000, (B) the GP Interests and IDRs, (C) any
Property as provided on Schedule 9.07(b), (D) any property which would constitute
“serial number goods” under the Personal Property Security Act (Alberta) or other applicable
Canadian province, (E) any Property of any ABS Subsidiary and (F) any Property that in the
judgment of the Canadian Administrative Agent, the cost of creating or perfecting such
pledges, security interests or mortgages on such Property would be excessive in view of the
benefits to be obtained by the Canadian Tranche Lenders
therefrom, provided further that it and any wholly-owned Significant
Canadian Subsidiary will promptly, but no later than ninety (90) days, perfect Liens on real
Property acquired in an acquisition (subject to the limitations set forth above);
provided further that any newly created or acquired Significant Canadian
Subsidiary shall promptly, but no later than ninety (90) days from its creation or
acquisition, perfect Liens on its other Property required to be perfected under the other
terms of this Section 9.07(b)(i) and upon any Canadian Subsidiary becoming a
Significant Canadian Subsidiary shall, within thirty (30) days after the delivery of the
most recent fiscal year end financial statements, perfect Liens on its other Property
required to be perfected under the other terms of this Section 9.07(b)(i).

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     (ii) It shall promptly cause each wholly-owned Significant Canadian Subsidiary now
existing or hereafter formed or acquired to, guarantee the Indebtedness under the Canadian
Tranche pursuant to the execution and delivery of the Guaranty Agreement – Canada or a
supplement thereto; provided further that any newly created or acquired
Significant Canadian Subsidiary shall promptly, but no later than ninety (90) days from its
creation or acquisition, guarantee the Indebtedness under the Canadian Tranche pursuant to
the execution and delivery of the Guaranty Agreement – Canada under the other terms of this
Section 9.07(b)(ii) and upon any Canadian Subsidiary becoming a Significant Canadian
Subsidiary shall, within thirty (30) days after the delivery of the most recent fiscal year
end financial statements, guarantee the Indebtedness under the Canadian Tranche pursuant to
the execution and delivery of the Guaranty Agreement – Canada under the other terms of this
Section 9.07(b)(ii).

     (iii) It shall cause to be pledged by the appropriate Subsidiary:

     (A) on the Initial Funding Date, all of the Equity Interests of each
Significant Canadian Subsidiary owned directly or indirectly by the US Borrower
(excluding any ABS Subsidiary); provided that for any certificated Equity
Interests required to be pledged in this clause (A), it will have ninety (90) after
the Initial Funding Date to perfect Liens on such certificated Equity Interests;

     (B) on the Initial Funding Date, all LP Units and Subordinated Units in EPLP
owned by a Canadian Subsidiary; provided that on such date, the Canadian
Borrower shall deliver or cause its Subsidiary to deliver to the extent
certificated, original share certificates or other certificates evidencing such
Equity Interests, together with an appropriate undated stock power for each
certificate duly executed in blank by the registered owner thereof;

     (C) to the extent not already pledged under clauses (A) and (B) above, ninety
(90) after the Initial Funding Date, all of the Equity Interests of each Canadian
Subsidiary owned directly or indirectly by the US Borrower (excluding any ABS
Subsidiary); provided that on such date, the Canadian Borrower shall deliver
or cause its Subsidiaries to deliver, to the extent certificated, original share
certificates or other certificates evidencing such Equity Interests, together with
an appropriate undated stock power for each certificate duly executed in blank by
the
registered owner thereof except to the extent that the delivery of such
certificates is not authorized due to a Governmental Requirement; and

     (D) promptly, but no later than ninety (90) days from the creation or
acquisition of any Subsidiary all of the Equity Interests that are owned by a
Significant Canadian Subsidiary of each Canadian Subsidiary (excluding any ABS
Subsidiary); provided that on such date, the Canadian Borrower shall deliver
or cause its Subsidiaries to deliver, to the extent certificated, original share
certificates or other certificates evidencing such Equity Interests, together with
an appropriate undated stock power for each certificate duly executed in blank by
the registered owner thereof except to the extent that the delivery of such
certificates is not authorized due to a Governmental Requirement.

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          (c) Generally. The US Borrower shall, and shall cause its Subsidiaries to, take such
actions and execute and/or deliver to the Applicable Administrative Agent such documents as the
Applicable Administrative Agent shall reasonably require to confirm the creation, validity,
perfection and priority of such pledges, security interests or mortgages set forth in Sections
9.07(a) and 9.07(b) above, including Uniform Commercial Code search certificates or its
equivalent, resolutions and opinions of US and Canadian counsel. To the extent any Equity
Interests set forth in Sections 9.07(a) and 9.07(b) above are not certificated, no
certificates evidencing such Equity Interests will be required.

          (d) Releases.

     (i) The Borrowers and the Subsidiary Guarantors are authorized to release any
Collateral that is Transferred in compliance with Sections 10.08, 10.11 and
10.14 and upon such Transfer, all security interests and liens arising under the
Loan Documents shall be released and discharged without further action; provided
that so long as the lien in favor of the US Administrative Agent or the Canadian
Administrative Agent, as applicable, continues in the proceeds of such Transfer of such
Collateral, or to the extent such Collateral is Transferred to any Borrower or any
Subsidiary Guarantor, such lien continues in such Collateral.

     (ii) Upon (A) a sale, transfer or other disposition as permitted in this Agreement
(whether in a single transaction or a series of related transactions and whether by merger,
consolidation or otherwise) of all the Equity Interests or Property of any Subsidiary (each
such Subsidiary a “Transferred Subsidiary”) to any Person that is not, at the time
of such sale, transfer or other disposition, a Borrower or a Subsidiary of a Borrower and
the receipt of written notice by the Applicable Administrative Agent from the US Borrower
requesting a release of such Equity Interests or Property or (B) the dissolution of any
Subsidiary as permitted in this Agreement (each such Subsidiary a “Dissolved
Subsidiary”) and the receipt of written notice by the Applicable Administrative Agent
from the US Borrower requesting a release of such Equity Interests or Property, then such
Transferred Subsidiary or Dissolved Subsidiary, as the case may be, shall, upon the
consummation of such sale, transfer, other disposition or dissolution, be released from its
obligations under the applicable Guaranty Agreement and its obligations to pledge and grant
any Collateral owned by it pursuant to any Security
Instrument and no Administrative Agent, Lender or Affiliate of a Lender that is party
to a Hedging Agreement or a Treasury Management Agreement (collectively, the “Secured
Creditors”) shall have any claim against such Transferred Subsidiary or Dissolved
Subsidiary, as the case may be, under any Loan Document, and, in the case of a sale of all
of the Equity Interests of the Transferred Subsidiary, the pledge of such Equity Interests
to the Applicable Administrative Agent pursuant to the Security Instruments shall be
released.

     (iii) Upon a Significant Subsidiary no longer being a Significant Subsidiary
wholly-owned by the US Borrower as permitted hereunder and the receipt of written notice by
the Applicable Administrative Agent from the US Borrower requesting a release of such
Subsidiary’s guaranty and Collateral, then such Subsidiary shall, upon the consummation of
such change from being a Significant Subsidiary, be released from its

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obligations under the
applicable Guaranty Agreement and its obligations to pledge and grant any Collateral owned
by it pursuant to any Security Instrument and no Secured Creditor shall have any claim
against such Subsidiary under such Security Instruments. For the avoidance of doubt and
subject to Sections 9.07(d)(i), (ii), (iv) and (v), such
Subsidiary shall not be released from its obligations under Sections 9.07(a)(iii)
and 9.07(b)(iii).

     (iv) All Collateral shall be released upon the US Borrower’s long-term unsecured
non-enhanced debt receiving (A) an investment grade rating from Moody’s or S&P and a rating
no lower than one notch below investment grade from the other agency and (B) a stable
outlook or better from both Moody’s and S&P. For avoidance of doubt, the Guaranty
Agreements — Canada pursuant to Section 9.07(b) and the Guaranty pursuant to
ARTICLE XIV shall not be terminated pursuant to this clause (iv).

     (v) Upon the permanent termination of the US Borrower’s right to allocate a portion of
the Aggregate US Tranche Commitments as the Canadian Allocated Aggregate Commitments
pursuant to Section 2.03(b)(iii), each Guaranty Agreement – Canada pursuant to
Section 9.07(b) and the Guaranty pursuant to ARTICLE XIV shall be terminated
and all Collateral pursuant to Section 9.07(b) shall be released.

     (vi) In connection with any releases or terminations of security interests and liens in
accordance with this Section 9.07(d), the Applicable Administrative Agent shall take
such reasonable actions as are necessary to confirm, evidence or otherwise effect each
release described in this Section 9.07(d) in accordance with the relevant provisions
of the Security Instruments.

     Section 9.08 Notice of an ERISA Event (a). It will promptly furnish to the US Administrative Agent
written notice of the occurrence of any ERISA Event (or comparable event with respect to a Canadian
Pension Plan) that, alone or together with any other ERISA Events (or comparable events with
respect to a Canadian Pension Plan) that have occurred, could reasonably be expected to result in
liability of it and its Subsidiaries in an aggregate amount exceeding $50,000,000.

     Section 9.09 Ownership of the General Partner (a). It shall maintain at all times, directly or
indirectly, a majority of the legal and beneficial ownership and majority voting control of the
General Partner.

     Section 9.10 Existing Indebtedness.

          (a) The US Borrower shall or shall cause the Existing Indebtedness under the Universal Credit
Agreement, the Hanover Credit Agreement, the 7 1/2% Notes and the 9.00% Notes to be repaid or
redeemed with proceeds of the Loans requested on the Initial Funding Date; and all of the
agreements evidencing and securing such Existing Indebtedness shall have been terminated and the
related financing statements released, amended or assigned as required by the US Administrative
Agent.

          (b) Subject to Section 10.01(b), the US Borrower shall or shall cause the Existing
Indebtedness under the 8.625% Notes to be repaid or redeemed with proceeds of the

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Loans requested
on the Initial Funding Date so that the face amount outstanding as of such date after such payment
or redemption does not exceed $200,000.

          (c) The US Borrower shall issue (or shall cause the issuance of) irrevocable call notices for
the 8.50% Equipment Lease Notes and the 8.75% Equipment Lease Notes within fifteen (15) Business
Days after the later of the Initial Funding Date and the effective date of the Merger.

ARTICLE X

Negative Covenants

     The US Borrower covenants and agrees that, so long as any of the Aggregate Commitments are in
effect and until payment in full of all Loans hereunder, all interest thereon and all other amounts
payable by the Borrowers hereunder, without the prior written consent of the Majority Lenders:

     Section 10.01 Debt. Neither it nor any of its Restricted Subsidiaries will incur, create, assume or
permit to exist any Debt, except:

          (a) the Loans, the BA Equivalent Loans, the Bankers’ Acceptances or other Indebtedness or any
guaranty of or suretyship arrangement for the Loans, the BA Equivalent Loans, the Bankers’
Acceptances or other Indebtedness;

          (b) Debt of it or its Subsidiaries existing on the Initial Funding Date which is reflected on
Schedule 10.01, and any renewals, extensions, refinancings and modifications (but not
increases) thereof, exclusive of the Existing Indebtedness (except for the amounts set forth in
Section 9.10(b) and subject to the proviso below), with financial covenants not materially
more restrictive, taken as a whole, than those existing on the Initial Funding Date;
provided that any
agreements evidencing or securing the 8.625% Notes shall be supplemented to modify the
existing agreements to contain terms and conditions reasonably satisfactory to the US
Administrative Agent;

          (c) Debt with respect to the ABS Facility subject to the Intercreditor Agreement, not to
exceed $1,000,000,000 in the aggregate (as such amount may be reduced as provided in the definition
of “ABS Facility” and in Section 2.03(a)(ii)(I)) outstanding at any time; provided
that no US Borrower or any Domestic Subsidiary other than the ABS Subsidiaries is liable for such
Debt;

          (d) accounts payable (other than any accounts payable by any ABS Subsidiary) (for the deferred
purchase price of Property or services) from time to time incurred in the ordinary course of
business which, if greater than 90 days past due, (i) are being contested in good faith by
appropriate proceedings if reserves adequate under GAAP shall have been established therefore or
(ii) would not exceed $25,000,000 in the aggregate outstanding at any time;

          (e) Debt of it and its Restricted Subsidiaries (other than any ABS Subsidiary) under Hedging
Agreements which are for bona fide business purposes and are not speculative;

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          (f) other Debt of it and its Domestic Subsidiaries (other than any ABS Subsidiary);
provided that (A) no Default or Event of Default (after giving pro forma effect to the
incurrence of such Debt) exists and is continuing after the incurrence thereof, (B) the scheduled
final maturity of such Debt is at least six (6) months after scheduled final the Revolving Loan
Maturity Date and the scheduled final Term Loan Maturity Date, (C) the Weighted Average Life to
Maturity of such Debt is greater than the number of years (calculated to the nearest one-twelfth)
to the Revolving Loan Maturity Date and the Term Loan Maturity Date and (D) such Debt (i) has terms
substantially similar to those customary in high-yield facilities or (ii) contains financial
covenants not materially more restrictive, taken as a whole, than those existing hereunder;

          (g) Debt meeting the qualifications set forth in Section 10.01(f) assumed by the US
Borrower or one of its Restricted Subsidiaries (other than any ABS Subsidiary), or of a Restricted
Subsidiary of the US Borrower acquired, pursuant to an acquisition or merger permitted pursuant to
the terms of this Agreement (and extensions, renewals, refundings and refinancings thereof that do
not increase the principal thereof except for costs incurring in connection with such extensions,
renewals, refundings and refinancings); provided that up to $200,000,000 of such Debt
outstanding at any time does not need to meet the qualifications of Section 10.01(f)(B),
(C) and (D);

          (h) Debt (other than Debt of any ABS Subsidiary) evidenced by Capital Lease Obligations and
Purchase Money Indebtedness; provided that, except for intercompany Capital Leases between
Restricted Subsidiaries or between the US Borrower and any Restricted Subsidiary, in no event shall
the aggregate principal amount of Capital Lease Obligations and Purchase Money Indebtedness
permitted under this clause (h) exceed $50,000,000 at any time outstanding;

          (i) Debt with respect to appeal and similar bonds in connection with judgments that do not
result in a Default or an Event of Default, provided that the aggregate outstanding amount
of all appeal and similar bonds permitted under this clause (i) shall not exceed $50,000,000 in the
aggregate outstanding at any time;

          (j) Debt of any Foreign Subsidiary used for such Foreign Subsidiary’s and/or its Foreign
Subsidiaries’ working capital and general business purposes not to exceed $200,000,000;
provided that no more than $100,000,000 in the aggregate outstanding at any time of such
Debt shall be Debt which is other than Non-Recourse Foreign Debt;

          (k) Debt of the US Borrower owed to any Restricted Subsidiary (other than any ABS Subsidiary)
and any Debt owed by any Restricted Subsidiary (other than any ABS Subsidiary) to the US Borrower
or to any other Restricted Subsidiary (other than any ABS Subsidiary);

          (l) other Debt (other than Debt of any ABS Subsidiary) not to exceed $50,000,000 in the
aggregate outstanding at any time;

          (m) guaranties entered into by the US Borrower or any Restricted Subsidiary (other than any
ABS Subsidiary) that guarantee the performance (but not Debt for borrowed

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money) of a Restricted
Subsidiary (other than any ABS Subsidiary) in the ordinary course of business;

          (n) the ABS Subsidiaries may issue or have outstanding: (i) manager advances payable to or
for the benefit of the manager or back-up manager acting in connection with the ABS Facility that
were advanced for the payment of debt service obligations of the ABS Subsidiaries and do not exceed
$25,000,000 in the aggregate outstanding at any time for the first four (4) months following the
Initial Funding Date and, thereafter, $15,000,000 in the aggregate outstanding at any time, (ii)
trade payables and other expenses incurred in the ordinary course and that are incidental to the
purposes permitted pursuant to the ABS Subsidiaries’ liability company agreements, (iii)
obligations incurred pursuant to Hedging Agreements, (iv) Debt owing by any ABS Subsidiary to
another ABS Subsidiary and (v) Debt in respect of reimbursement obligations and obligations
incurred pursuant to agreements governing the rights and benefits provided to the holders of any
Debt issued under the ABS Facility pursuant to any surety bond, financial guaranty insurance
policy, insurance agreement or other similar arrangement; and

          (o) Debt associated with deposits, bank guarantees, customs, bid, performance, refund and
surety bonds or surety and similar obligations of the US Borrower or any Restricted Subsidiary
(other than any ABS Subsidiary) that guarantee the performance (but not Debt for borrowed money) of
the US Borrower or a Restricted Subsidiary (other than any ABS Subsidiary) in the ordinary course
of business.

     Section 10.02 Liens. Neither it nor any of its Restricted Subsidiaries will create, incur, assume or
permit to exist any Lien on any of its Properties (now owned or hereafter acquired), except (herein
referred to as “Permitted Liens”):

          (a) Liens arising under the Security Instruments securing the payment of any Indebtedness;

          (b) Liens disclosed on Schedule 10.02;

          (c) Excepted Liens;

          (d) Liens on Property held or pledged in connection with the ABS Facility, provided
that such Liens do not extend to or cover any Property of the US Borrower or any of its Restricted
Subsidiaries other than the Property of the ABS Subsidiaries; provided further that
Liens securing the ABS Facility Excess Utilization are not permitted by this Section
10.02(d) but are permitted, to the extent available, under Section 10.02(e);

          (e) Liens relating to Debt permitted under Sections 10.01(c) (only as it relates to
the ABS Facility Excess Utilization), (f), (g) or (l) provided that
the aggregate amount of Debt secured by such Liens shall not exceed $300,000,000 in the aggregate
outstanding at any time; provided further that such Liens for Debt permitted under
Section 10.01(c) do not extend to or cover any Property of the US Borrower or any of its
Restricted Subsidiaries other than the Property of the ABS Subsidiaries; provided
further that such Liens for Debt permitted under Section 10.01(f) or
10.01(l) do not extend to or cover any Property other than the Property that was acquired
with such Debt (other than any repairs, renewals, replacements, additions,

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accessions, betterments,
improvements, modifications or proceeds thereof or of the foregoing); provided
further that such Liens for Debt permitted under Section 10.01(g) do not extend to
or cover any Property other than the Property that secured such Debt prior to the time it was
acquired or assumed (other than any repairs, renewals, replacements, additions, accessions,
betterments, improvements, modifications or proceeds thereof or of the foregoing and any
receivables, contract rights or intangibles related thereto);

          (f) Liens on assets of Foreign Subsidiaries under Foreign Credit Facilities; and

          (g) Liens securing Capital Lease Obligations and Purchase Money Indebtedness allowed under
Section 10.01(h), but only on the Property under lease or acquired, constructed or
improved.

     Section 10.03 Investments. Neither it nor any of its Restricted Subsidiaries will make any Investments
in any Person, except that, so long as no Event of Default has occurred and is continuing, the
foregoing restriction shall not apply to:

          (a) Investments reflected in the financial statements described in Section 7.02 or
which are disclosed to the Lenders in Schedule 10.03;

          (b) accounts receivable arising in the ordinary course of business;

          (c) Cash Equivalents;

          (d) payroll advances and employee loans up to $10,000,000 in the aggregate outstanding at any
time;

          (e) Investments by it or by any of its Restricted Subsidiaries in any other Restricted
Subsidiary or in it; provided that it or any Restricted Subsidiary may have Investments in
the ABS Subsidiaries in an amount not exceeding the aggregate amount of Debt of the ABS Subsidiary
permitted under Section 10.01(n) plus the excess of book value of Compression Assets and
other collateral for the ABS Facility over the liabilities of the ABS Subsidiaries;

          (f) Investments otherwise permitted under Sections 10.01 or 10.14;

          (g) other Investments not to exceed $70,000,000 in the aggregate outstanding at any time;

          (h) except for Investments in the General Partner permitted under Section 10.03(j),
Investments in Unrestricted Subsidiaries, joint ventures, minority interests in Persons or similar
arrangements so long as after giving effect to any such Investment, the Senior Secured Leverage
Ratio is less than 3.75 to 1.00 for the most recent Testing Period at such time. For purposes of
this Section 10.03(h), the Senior Secured Leverage Ratio shall include any Senior Secured
Debt incurred to make such Investment;

          (i) Investments in connection with any acquisition of wholly-owned assets, business units or
Persons; provided, however, that (A) such wholly-owned assets, business units

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or
Persons shall not be materially different than the lines of business of the US Borrower and its
Restricted Subsidiaries; provided that Investments not to exceed $20,000,000 in the
aggregate outstanding at any time may be in wholly-owned assets, business units or Persons engaged
in materially different lines of business than the US Borrower and its Restricted Subsidiaries, (B)
such acquisition shall not be a hostile take over of a Person and (C) both before and after giving
pro forma effect to such acquisition and the Debt incurred to make such acquisition, no Default or
Event of Default shall exist and be continuing;

          (j) Investments in GP Interests to maintain its two percent (2%) investment in EPLP; and

          (k) Investments in securities acquired in settlements of claims and disputes.

     Section 10.04 Dividends, Distributions and Redemptions. The US Borrower will not declare or pay any
dividend, purchase, redeem or otherwise acquire for value any of its Equity Interests now or
hereafter outstanding, return any capital to its stockholders or make any distribution of their
assets to its stockholders; except that so long as there shall exist no Default or Event of Default
(both before and after giving effect to the payment thereof), the US Borrower may declare or pay
any dividend, purchase, redeem or otherwise acquire for value any of its stock now or hereafter
outstanding, return any capital to its stockholders or make any distribution of their assets to its
stockholders so long as the Senior Secured Leverage Ratio is less than 3.75 to 1.00. For purposes
of this Section 10.04, the Senior Secured Leverage Ratio shall include any Senior Secured
Debt incurred to make such dividend, purchase, redemption or acquisition.

     Section 10.05 Subsidiaries.

          (a) It shall not, and shall not permit any of its Restricted Subsidiaries to, create any
additional Subsidiaries except for (a) Restricted Subsidiaries resulting from future mergers,
amalgamations or acquisitions permitted hereunder, (b) new Restricted Subsidiaries created by it in
compliance with Section 10.03, (c) Restricted Subsidiaries created in connection with the
reorganization of it or any Subsidiary and (d) Unrestricted Subsidiaries permitted under
Section 10.05(b). Upon the creation of any new Restricted Subsidiaries, the Equity
Interests shall be pledged as Collateral for this Agreement (subject to the 65% limitation for
first-tier Foreign Subsidiaries being pledged to support the obligations of the US Borrower).

          (b) It shall not designate any Subsidiary as an Unrestricted Subsidiary, unless:

               (i) such designation of an “Unrestricted Subsidiary” is made by a Responsible Officer at the
time of its creation or acquisition; provided that no Debt or other obligation of such
Unrestricted Subsidiary may be assumed or guaranteed by any Borrower or any Restricted Subsidiary
except to the extent otherwise permitted under Section 10.01, nor may any asset of any
Borrower or any Restricted Subsidiary, directly or indirectly, contingently or otherwise, become
encumbered or otherwise subject to the satisfaction thereof except to the extent otherwise
permitted under Section 10.02 at the time of such designation and immediately after giving
effect thereto, no Default shall have occurred and be continuing; and

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               (ii) it would have been in compliance with Section 10.13 on the last day of its most
recently ended fiscal quarter had such Subsidiary been an Unrestricted Subsidiary on such day.

     Section 10.06 Nature of Business. Neither it nor any Significant Subsidiary will materially change the
lines of business of it or any of its Subsidiaries taken as a whole.

     Section 10.07 The General Partner. It will not permit the General Partner to (i) create, incur, assume
or permit to exist any Debt or Liens on behalf of the General Partner or (ii) conduct any business
other than serving as the general partner of EPLP.

     Section 10.08 Mergers, Etc. Neither it nor any of its Restricted Subsidiaries will merge into or with or
amalgamate or consolidate with any other Person, or Transfer except as permitted under Section
10.14 (whether in one transaction or in a series of transactions) all or substantially all of
its Property or Equity Interests of any of its Restricted Subsidiaries to any other Person except
that (a) any Restricted Subsidiary of it may be merged into or amalgamated or consolidated with or
Transfer all or substantially all of its Property to (i) the US Borrower, so long as the US
Borrower is the
surviving business entity or (ii) another Restricted Subsidiary of the US Borrower, (b) it may
merge into or amalgamate or consolidate with any Person provided, in each case (i)
immediately thereafter and giving effect thereto, no event shall occur and be continuing which
constitutes a Default or Event of Default and (ii) it is the surviving business entity (or, so long
as no Change of Control shall have occurred, the surviving entity is a Person organized under the
laws of the United States or any state thereof that assumes all of the obligations and liabilities
applicable to it under this Agreement) and (c) any Restricted Subsidiary of it may liquidate,
dissolve or sell so long as it determines in good faith that such liquidation, dissolution or sale
is in the best interest of it.

     Section 10.09 Proceeds of Loans; Letters of Credit. The Borrowers will not permit the proceeds of the
Loans, the Bankers’ Acceptances, the BA Equivalent Loans or Letters of Credit to be used for any
purpose other than those permitted under Sections 7.07 or 8.07. Neither the US
Borrower nor any Person acting on behalf of the US Borrower has taken or will take any action which
might cause any of the Loan Documents to violate Regulation T, U or X or any other regulation of
the Board of Governors of the Federal Reserve System or to violate Section 7 of the Exchange Act or
any rule or regulation thereunder, in each case as now in effect or as the same may hereinafter be
in effect.

     Section 10.10 Negative Pledge Agreements.

          (a) Except as permitted under this Agreement, neither it nor any of its Restricted
Subsidiaries will create, incur, assume or permit to exist any contract or agreement (other than
this Agreement and the Security Instruments) which in any way (a) prohibits or restricts the
granting, conveying, creation or imposition of any Lien on any of its Property as may be required
in connection with this Agreement or (b) restricts any of its Restricted Subsidiaries from paying
dividends to the US Borrower or another Restricted Subsidiary, or which requires the consent of or
notice to other Persons in connection therewith, except for any such contract or agreement existing
as of the Initial Funding Date and any extensions, renewals or replacements of any contracts or
agreements permitted hereunder; provided that such

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prohibitive terms of such contract or
agreement are no more restrictive than the terms reflected in such contract or agreement existing
as of the Initial Funding Date; provided, however, that (i) the foregoing shall not
apply to customary restrictions with respect to a Restricted Subsidiary of the US Borrower pursuant
to an agreement that has been entered into for the sale of all or substantially all of the Equity
Interests or assets of such Restricted Subsidiary provided that such restrictions apply only to
such Restricted Subsidiary, (ii) clause (a) of the foregoing shall not apply to restrictions or
conditions imposed by any agreement relating to Debt permitted under Section 10.01 if such
restrictions or conditions apply only to the property or assets securing such Debt and (iii) clause
(a) of the foregoing shall not apply to customary provisions in contracts restricting the
assignment thereof.

     Section 10.11 Sale or Discount of Receivables. Neither it nor any of its Restricted Subsidiaries will discount or sell (with or without
recourse) any of its notes receivable or accounts receivable, except in the ordinary course of
business.

     Section 10.12 Fiscal Year Change. It will not permit any change in its fiscal year.

     Section 10.13 Certain Financial Covenants.

          (a) Interest Coverage Ratio. It will not permit Interest Coverage Ratio as of the end
of any Testing Period to be less than 2.25 to 1.00.

          (b) Total Leverage Ratio. It will not, at any time, permit its Total Leverage Ratio
to be greater than 5.00 to 1.00.

          (c) Senior Secured Leverage Ratio. It will not, at any time, permit its Senior
Secured Leverage Ratio to be greater than 4.00 to 1.00.

     Section 10.14 Sale of Properties. It will not, and will not permit any of its Restricted Subsidiaries
to, Transfer (excluding the granting of a Lien) any Property to any Person other than to it or to
any of its Restricted Subsidiaries (but excluding any ABS Subsidiary), except:

          (a) it and any of its Restricted Subsidiaries may sell or otherwise dispose of any Property
which, in the reasonable judgment of such Person, is obsolete, worn out or otherwise no longer used
or useful in the conduct of such Person’s business;

          (b) it and any of its Restricted Subsidiaries may Transfer inventory or equipment (other than
Compression Assets) in the ordinary course of business;

          (c) it and any of its Restricted Subsidiaries (other than any ABS Subsidiary) may Transfer
Compression Assets in the ordinary course of business (including any Transfer of Compression Assets
to the EPLP Group pursuant to the Omnibus Agreement for purposes of compressor fleet management in
the ordinary course of business but excluding any other Transfers to the EPLP Group);
provided, however, that when any such Transfers result in the US Borrower and the
Restricted Subsidiaries receiving more than $65,000,000 in Net Proceeds in any fiscal year or
$200,000,000 in Net Proceeds on a cumulative basis, fifty percent (50%) of Net Proceeds received in
excess of $65,000,000 in any fiscal year or $200,000,000 on a cumulative basis, as applicable,
shall be applied as a mandatory prepayment as provided in

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Section 2.07(b)(iii).
Notwithstanding the foregoing to the contrary, sales in accordance with Section 10.14(d)
shall not apply to this Section 10.14(c);

          (d) it and any of its Restricted Subsidiaries (other than any ABS Subsidiary) may sell,
assign, contribute or convey all or substantially all of the Equity Interests of any ABS Subsidiary
or Compression Assets to one or more members of the EPLP Group; provided,
however, that when any sales, assignments, contributions or conveyances result in the
US Borrower and the Restricted Subsidiaries receiving cash consideration and assumed obligations in
excess of 75% of the total consideration received for such sale, assignment, contribution or
conveyance, the US Borrower will make a mandatory prepayment as required under Section
2.07(b)(iv); provided further that for any individual sale, assignment,
contribution or conveyance of more than $100,000,000 of Equity Interests or Compression Assets not
otherwise permitted under Section 10.14(c) (i) if the sales price for the Equity Interests
or Compression Assets is less than 7 times the EBITDA of the US Borrower and its Consolidated
Subsidiaries for the last 4 quarters attributable to such assets, the US Borrower will deliver to
the Lenders a fairness opinion from a Person reasonably acceptable to the US Administrative Agent
with respect to the value of the consideration of such sale, assignment, contribution or
conveyance, (ii) in the event any fairness opinion is delivered to its board of directors in
connection with such sale, assignment, contribution or conveyance, a copy of such fairness opinion
will be delivered to the Lenders and (iii) the consideration for any such sale, assignment,
contribution or conveyance shall consist of either cash, assumed obligations or partnership
interests in EPLP;

          (e) it and any of its Restricted Subsidiaries (other than any ABS Subsidiary) may Transfer
Compression Assets to any ABS Subsidiary so that it may become collateral for the ABS Facility as
follows:

     (i) in an amount not to exceed an aggregate fair market value of up to $1,150,000,000
as collateral for the initial funding of up to $800,000,000 of the ABS Facility; or

     (ii) in an amount not to exceed an aggregate fair market value of $300,000,000 as
collateral for the ABS Facility Excess Utilization; or

     (iii) in exchange for Compression Assets received substantially contemporaneously from
any ABS Subsidiary; provided that such exchange, which can be in the form of sales
or other Transfers between the parties, results in the US Borrower or such Restricted
Subsidiary receiving substantially similar Compression Assets that have, in the aggregate,
substantially similar cash flow generating capacity and fair market value as those
Compression Assets received by such ABS Subsidiary; or

     (iv) in an amount not to exceed an aggregate fair market value of $10,000,000 on an
annual basis.

     ; provided, however, that no Default or Event of Default exists or will occur
after giving effect to such Transfer on a pro forma basis. The Transfers under clauses (i) and
(ii) above may occur as collateral is required under the terms of the ABS Facility documents;
provided that the aggregate fair market value of such collateral does not exceed 155% of
the outstanding amount

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of the Debt under the ABS Facility. Notwithstanding the foregoing to the
contrary, sales in accordance with Section 10.14(d) shall not apply to this Section
10.14(e);

          (f) any ABS Subsidiary may Transfer Property to any other ABS Subsidiary;

          (g) any ABS Subsidiary may Transfer Property to the US Borrower or any Restricted Subsidiary
(other than an ABS Subsidiary);

          (h) it and any of its Restricted Subsidiaries (other than any ABS Subsidiary) may sell or
otherwise dispose of Property (other than Compression Assets) having an aggregate value of up to
$50,000,000 in any fiscal year or $150,000,000 during the term of this Agreement;

          (i) it and any of its Restricted Subsidiaries (other than any ABS Subsidiary) may sell LP
Units, IDRs, Subordinated Units and GP Interests, subject to the provisions of Section
2.03(c)(i) and Section 2.07(b)(v);

          (j) it and any of its Restricted Subsidiaries (other than any ABS Subsidiary) may Transfer the
property listed on Schedule 10.14(j); and

          (k) it and any of its Restricted Subsidiaries (other than to any ABS Subsidiary) may sell
Property located outside the United States and Canada that is used in the production, processing,
treating, fractionation or transportation of hydrocarbons, including any related compression
equipment and contract rights, and is capitalized on the US Borrower’s balance sheet as fixed
assets or inventory; provided that the fair market value of such Property sold (determined
for each piece of Property as of the date such Property was sold) during the term of this Agreement
does not exceed ten percent (10%) of the aggregate gross asset value in accordance with GAAP of all
Property located outside the United States and Canada; provided further that any
Net Proceeds received from such sale are reinvested to acquire or repair assets useful in its
business within 365 days from the date of such sale; provided further that if such
Net Proceeds are not reinvested within 365 days from the date of such sale, the US Borrower will
make a mandatory prepayment as required under Section 2.07(b)(vi).

provided that (1) with respect to (c), (d), (h), (i) and (j) above, (A) fair market value
is received, (B) any LP Units, IDRs, Subordinated Units and GP Interests received as consideration
shall be pledged in accordance with Sections 9.07(a) and 9.07(b), (C) the US
Borrower demonstrates pro forma in compliance with Section 10.13 and (D) no Default or
Event of Default will occur after giving effect to such sale on a pro forma basis and (2) with
respect to (i) above, the US Borrower maintains, directly or indirectly, majority legal and
beneficial ownership and voting control of the General Partner, including the GP Interests and the
IDRs.

     Section 10.15 Environmental Matters. Except as would not have a Material Adverse Effect, neither it nor
any of its Subsidiaries will cause or permit any of its Property to be in violation of
Environmental Laws, or do anything or permit anything to be done which will subject any such
Property to any remedial obligations under any Environmental Laws.

     Section 10.16 Transactions with Affiliates. Except as set forth on Schedule 10.16, neither it
nor any of its Restricted Subsidiaries will enter into any transaction, including any

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purchase or
Transfer of Property or the rendering of any service, with any Affiliate unless such transactions
are otherwise permitted under this Agreement, are in the ordinary course of its business and are
upon fair and reasonable terms that
it or such Restricted Subsidiary reasonably believes to be comparable to those available in an
arm’s length transaction with a Person not an Affiliate.

ARTICLE XI

Events of Default; Remedies

     Section 11.01 Events of Default. One or more of the following events which continue beyond any
applicable cure period shall constitute an “Event of Default”:

          (a) any Borrower shall default in the payment or prepayment when due of any principal of or
interest on any Loan, or any reimbursement obligation for a disbursement made under any Letter of
Credit, or any fees or other amount payable by it hereunder or under any Security Instrument and
such default, other than a default of a payment or prepayment of principal (which shall have no
cure period), shall continue unremedied for a period of five (5) Business Days; or

          (b) any Borrower or any Restricted Subsidiary shall default in the payment when due of any
principal of or interest on any of its other Debt aggregating $50,000,000 or more outstanding at
any time, or any event or condition occurs that results in such Debt becoming due prior to its
scheduled maturity or that enables or permits (with the giving of any notice, the lapse of time or
both) the holder or holders of such Debt or any trustee or agent on its or their behalf to cause
such Debt to become due prior to its scheduled maturity; or

          (c) any representation, warranty or certification made or deemed made herein or in any
Security Instrument by any Borrower or any Subsidiary, or any certificate furnished to any Lender
or the Administrative Agents pursuant to the provisions hereof or any Security Instrument, shall
prove to have been false or misleading as of the time made or furnished in any material respect,
and such materially false or misleading representation, warranty or certification shall continue
unremedied for a period of thirty (30) days after an officer of such Borrower has actual knowledge
that such representation, warranty or certification was false or misleading when made; or

          (d) any Borrower shall default in the performance of any of its obligations under this
Agreement other than under Sections 10.05, 10.13(c) or 10.15 or ARTICLE
IX (excluding Section 9.10); or any Borrower or any Restricted Subsidiary shall default
in the performance of any of its obligations under Sections 10.05, 10.13(c) or
10.15 or ARTICLE IX (excluding Section 9.10) or any Security Instrument
(other than the payment of amounts due which shall be governed by Section 11.01(a)) and
such default shall continue unremedied for a period of thirty (30) days after the earlier to occur
of (i) notice thereof to such Borrower by the Applicable Administrative Agent or any Lender
(through the Applicable Administrative Agent), or (ii) such Borrower otherwise becoming aware of
such default; or

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          (e) any Borrower, any Significant Subsidiary or any Significant Foreign Subsidiary shall admit
in writing its inability to, or be generally unable to, pay its debts as such debts become due; or

          (f) any Borrower, any Significant Subsidiary or any Significant Foreign Subsidiary shall (i)
apply for or consent to the appointment of, or the taking of possession by, a receiver, custodian,
trustee or liquidator of itself or of all or a substantial part of its property, (ii) make a
general assignment for the benefit of its creditors, (iii) commence a voluntary case under the
Bankruptcy Code, the Bankruptcy and Insolvency Act (Canada) or the Companies’ Creditors Arrangement
Act (Canada), as applicable, (iv) file a petition seeking to take advantage of any other law
relating to bankruptcy, insolvency, reorganization, winding-up, liquidation or composition or
readjustment of debts, (v) fail to controvert in a timely and appropriate manner, or acquiesce in
writing to, any petition filed against it in an involuntary case under the Bankruptcy Code, the
Bankruptcy and Insolvency Act (Canada) or the Companies’ Creditors Arrangement Act (Canada), as
applicable, or (vi) take any corporate action for the purpose of effecting any of the foregoing; or

          (g) a proceeding or case shall be commenced, without the application or consent of any
Borrower, any Significant Subsidiary or any Significant Foreign Subsidiary, in any court of
competent jurisdiction, seeking (i) its liquidation, reorganization, dissolution or winding-up, or
the composition or readjustment of its debts, (ii) the appointment of a trustee, receiver,
custodian, liquidator or the like of any Borrower, any Significant Subsidiary or any Significant
Foreign Subsidiary of all or any substantial part of its assets, or (iii) similar relief in respect
of any Borrower, any Significant Subsidiary or any Significant Foreign Subsidiary under any law
relating to bankruptcy, insolvency, reorganization, winding-up, or composition or adjustment of
debts, and such proceeding or case shall continue undismissed, or an order, judgment or decree
approving or ordering any of the foregoing shall be entered and continue unstayed and in effect,
for a period of 60 days; or (iv) an order for relief against any Borrower, any Significant
Subsidiary or any Significant Foreign Subsidiary shall be entered in an involuntary case under the
Bankruptcy Code, the Bankruptcy and Insolvency Act (Canada) or the Companies’ Creditors Arrangement
Act (Canada), as applicable; or

          (h) any Borrower, any Significant Subsidiary or any Significant Foreign Subsidiary fails
within sixty (60) days to vacate, pay, bond or otherwise discharge any judgments or orders for the
payment of money the uninsured portion of which is in excess of $50,000,000 in the aggregate and
which are not stayed on appeal or otherwise being appropriately contested in good faith in a manner
that stays execution; or

          (i) the Loan Documents after delivery thereof shall for any reason, except to the extent
permitted under the terms thereof, cease to be in full force and effect and valid, binding and
enforceable in accordance with their terms, or, with respect to the Security Instruments, shall
cease to create a valid and perfected Lien of the priority required thereby on any of the
Collateral purported to be covered thereby, except to the extent permitted under the terms of this
Agreement, or any Borrower or any Restricted Subsidiary shall so state in writing; or

          (j) a Change of Control shall occur; or

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          (k) an ERISA Event shall have occurred that, in the opinion of the Majority Lenders, when
taken together with all other ERISA Events that have occurred, could reasonably
be expected to result in liability of a Borrower and any of its Restricted Subsidiaries in an
aggregate amount exceeding $50,000,000 outstanding at any time; or

          (l) the institution of any steps by the Canadian Borrower or any Canadian Guarantor or any
applicable regulatory authority to terminate a Canadian Pension Plan (wholly or in part) if, as a
result of such termination, the Canadian Borrower or any Canadian Guarantor may be required to make
an additional contribution to such Canadian Pension Plan or to incur an additional liability or
obligation to such Canadian Pension Plan, equal to or in excess of $50,000,000 for all periods.

     Section 11.02 Remedies.

          (a) In the case of an Event of Default other than one referred to in clauses (f) or (g) of
Section 11.01, the Applicable Administrative Agent, upon request of the Majority Lenders,
shall, by notice to the Borrowers, cancel the Aggregate Revolving Commitments and/or declare the
Principal Amount then outstanding of, and the accrued interest on, the Loans and all other amounts
payable by the Borrowers hereunder and under the Notes (including without limitation the payment of
cash collateral to secure the LC Exposure as provided in Section 2.10(b) and the BA
Exposure as provided in Section 2.11(i)) to be forthwith due and payable, whereupon such
amounts shall be immediately due and payable without presentment, demand, protest, notice of intent
to accelerate, notice of acceleration or other formalities of any kind, all of which are hereby
expressly waived by the Applicable Borrower.

          (b) In the case of the occurrence of an Event of Default referred to in clauses (f) or (g) of
Section 11.01, the Aggregate Revolving Commitments and the Aggregate Term Commitments shall
be automatically canceled and the Principal Amount then outstanding of, and the accrued interest
on, the Loans and all other amounts payable by the Borrowers hereunder and under the Notes
(including without limitation the payment of cash collateral to secure the LC Exposure as provided
in Section 2.10(b) and the BA Exposure as provided in Section 2.11(i)) shall become
automatically immediately due and payable without presentment, demand, protest, notice of intent to
accelerate, notice of acceleration or other formalities of any kind, all of which are hereby
expressly waived by the Borrowers.

          (c) Notwithstanding anything to the contrary in the Loan Documents, on the CAM Exchange Date,
the Lenders shall automatically and without further act be deemed to have exchanged interests in
the Aggregate Credit Exposure under the Tranches (including participations in the undrawn amounts
of Letters of Credit) such that, in lieu of the interest of each Lender in the Credit Exposure
under each Tranche in which it shall participate as of such date (including the principal,
reimbursement, interest and fee obligations of each Borrower in respect of each such Tranche and
such Lender’s participation in undrawn Letters of Credit), such Lender shall own an interest equal
to such Lender’s CAM Percentage in the Aggregate Credit Exposure under the Tranches (including the
principal, reimbursement, interest and fee obligations of each Borrower in respect of each such
Tranche and hold a participation in the undrawn amount of each outstanding Letter of Credit equal
to its CAM Percentage thereof). Each Lender, each person acquiring a participation from any Lender
as contemplated by Section 

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13.06(c) and each Borrower hereby consents and agrees to the CAM Exchange. Each
Borrower and each Lender agrees from time to time to execute and deliver to the US Administrative
Agent all such Notes and other instruments and documents as the US Administrative Agent shall
reasonably request to evidence and confirm the respective interests and obligations of the Lenders
after giving effect to the CAM Exchange, and each Lender agrees to surrender any Notes originally
received by it in connection with its Loans hereunder to the US Administrative Agent against
delivery of any Notes so executed and delivered; provided, however, that the
failure of any Borrower to execute or deliver or of any Lender to accept any such Note, instrument
or document shall not affect the validity or effectiveness of the CAM Exchange. In the event the
CAM Exchange Date shall occur, Indebtedness owed by the Borrowers under the Loan Documents
denominated in Canadian Dollars (other than, for the avoidance of doubt, obligations in respect of
undrawn Offshore Currency Letters of Credit) shall, automatically and with no further act required,
be converted to obligations of the same Borrower denominated in US Dollars. Such conversion shall
be effected based upon the exchange rate described in the definition of “US Dollar Equivalent
Amount” on the CAM Exchange Date. On and after any such conversion, all amounts accruing and owed
to any Lender in respect of the Indebtedness owed to it under the Loan Documents shall accrue and
be payable in US Dollars at the rates otherwise applicable hereunder. Subject to Section
11.02(d), as a result of the CAM Exchange, upon and after the CAM Exchange Date, each payment
or proceeds received by the Applicable Administrative Agent pursuant to or as a result of the
execution of any remedy under any Loan Document in respect of the Indebtedness of the Borrowers
under the Loan Documents shall be distributed to the Lenders pro rata in accordance with their
respective CAM Percentages. Any direct payment received by a Lender upon or after the CAM Exchange
Date, including by way of set-off, in respect of the Indebtedness under the Loan Documents shall be
paid over to the US Administrative Agent for distribution to the Lenders in accordance herewith.

          (d) Hedging Agreements and Treasury Management Agreements between the US Borrower and any of
its Subsidiaries and the Administrative Agents or a Lender and/or any Lender Affiliate are secured
by the Security Instruments pari passu with all other Indebtedness. As such, proceeds from the
Security Instruments shall be shared pro rata on all Indebtedness. All proceeds received after the
later to occur of the Term Loan Maturity Date or the Revolving Maturity Date, whether by
acceleration or otherwise, shall be applied first to reimbursement of expenses provided for in the
Security Instruments; next to be shared pro rata between the Hedging Agreements and Treasury
Management Agreements (which form part of the Indebtedness) on the one hand and all other
Indebtedness pursuant to this Agreement and the other Loan Documents on the other hand.
Thereafter, all such proceeds applicable to the Loans and other obligations under this Agreement
and the other Loan Documents shall be applied, first to reimbursement of expenses and indemnities
provided for in this Agreement and the other Loan Documents; second to accrued interest on the
Loans; third to fees; fourth pro rata to principal outstanding on the Loans and other Indebtedness
and to serve as cash collateral to be held by the US Administrative Agent to secure the LC Exposure
and by the Canadian Administrative Agent to secure outstanding BA Exposure; and any excess shall be
paid to the US Borrower or as otherwise required by any Governmental Requirement.

          (e) Acceleration and termination of all Hedging Agreements and Treasury Management Agreements
involving the Administrative Agents or Lenders or the Lender

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Affiliates shall be governed by the terms of the Hedging Agreements and Treasury Management
Agreements, respectively.

     Section 11.03 Letters of Credit.

          (a) In the event that on the CAM Exchange Date any LC Exposure shall be outstanding, each US
Tranche Revolving Lender shall promptly pay over to the US Administrative Agent, in immediately
available funds, an amount in US Dollars equal to such US Tranche Revolving Lender’s US Tranche
Percentage of such LC Exposure (or, in the case of any Offshore Currency Letter of Credit, the US
Dollar Equivalent of such LC Exposure) together with interest thereon from the CAM Exchange Date to
the date on which such amount shall be paid to the US Administrative Agent at the rate that would
be applicable at the time to a US Dollar Base Rate Loan in a Principal Amount equal to such US
Lender’s US Tranche Percentage of the LC Exposure. The US Administrative Agent shall establish a
separate account (each, a “Reserve Account”) or accounts for each Lender for the amounts
received with respect to each such Letter of Credit pursuant to the preceding sentence. The US
Administrative Agent shall have sole dominion and control over each Reserve Account, and the
amounts deposited in each Reserve Account shall be held in such Reserve Account until withdrawn as
provided in paragraph (b), (c), (d) or (e) below. The US Administrative Agent shall maintain
records enabling it to determine the amounts paid over to it and deposited in the Reserve Accounts
in respect of each Letter of Credit and the amounts on deposit in respect of each letter of Credit
attributable to each Lender’s CAM Percentage. The amounts held in each Lender’s Reserve Account
shall be held as a reserve against the LC Exposure, shall be the property of such Lender, shall not
constitute Loans to or give rise to any claim of or against any Borrower and shall not give rise to
any obligation on the part of the Borrowers to pay interest to such Lender, it being agreed that
the reimbursement obligations in respect of Letters of Credit shall arise only at such times as
drawings are made thereunder, as provided in Section 2.10.

          (b) In the event that after the CAM Exchange Date any drawing shall be made in respect of a
Letter of Credit, the US Administrative Agent shall, at the request of the applicable Issuing Bank,
withdraw from the Reserve Account of each Lender any amounts, up to the amount of such Lender’s CAM
Percentage of such drawing or payment, deposited in respect of such Letter of Credit and remaining
on deposit and deliver such amounts to such Issuing Bank in satisfaction of the reimbursement
obligations of the US Tranche Revolving Lenders under Section 2.10(c). In the event that
any US Tranche Revolving Lender shall default on its obligation to pay over any amount to the US
Administrative Agent as provided in this Section 11.03, the applicable Issuing Bank shall
have a claim against such US Tranche Revolving Lender to the same extent as if such US Tranche
Revolving Lender had defaulted on its obligations under Section 2.10(c), but shall have no
claim against any other Lender in respect of such defaulted amount, notwithstanding the exchange of
interests in the US Borrower’s reimbursement obligations pursuant to Section 11.02(c).
Each other Lender shall have a claim against such defaulting US Tranche Revolving Lender for any
damages sustained by it as a result of such default, including, in the event that such Letter of
Credit shall expire undrawn, its CAM Percentage of the defaulted amount.

          (c) In the event that after the CAM Exchange Date any Letter of Credit shall expire undrawn,
the US Administrative Agent shall withdraw from the Reserve Account of each Lender

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the amount
remaining on deposit therein in respect of such Letter of Credit, and distribute such amount to
such Lender.

          (d) With the prior written approval of the US Administrative Agent (not to be unreasonably
withheld), any Lender may withdraw the amount held in its Reserve Account in respect of the undrawn
amount of any Letter of Credit. Any Lender making such a withdrawal shall be unconditionally
obligated, in the event there shall subsequently be a drawing under such Letter of Credit, to pay
to the US Administrative Agent, for the account of the Issuing Bank, on demand, its CAM Percentage
of such drawing or payment.

          (e) Pending the withdrawal by any Lender of any amounts from its Reserve Account as
contemplated by the above paragraphs, the US Administrative Agent will, at the direction of such
Lender and subject to such rules as the US Administrative Agent may prescribe for the avoidance of
inconvenience, invest such amounts in Investments described in Section 10.03(c). Each
Lender that has not withdrawn its amounts in its Reserve Account as provided in paragraph (d) above
shall have the right, at intervals reasonably specified by the US Administrative Agent, to withdraw
the earnings on investments so made by the US Administrative Agent with amounts in its Reserve
Account and to retain such earnings for its own account.

ARTICLE XII

The Administrative Agent

     Section 12.01 Appointment, Powers and Immunities of the Administrative Agents. Each Applicable Lender
hereby irrevocably appoints and authorizes the Applicable Administrative Agent to act as its
administrative agent hereunder and under the Security Instruments with such powers as are
specifically delegated to such Applicable Administrative Agent by the terms of this Agreement and
the Security Instruments, together with such other powers as are reasonably incidental thereto.
The Applicable Administrative Agent (which term as used in this sentence and in Section
12.05 and Section 12.06 shall include reference to its Affiliates and its and its
Affiliates’ officers, directors, employees, attorneys, accountants, experts and administrative
agents): (a) shall have no duties or responsibilities except those expressly set forth in the Loan
Documents, and shall not by reason of the Loan Documents be a trustee or fiduciary for any Lender;
(b) makes no representation or warranty to any Lender and shall not be responsible to the Lenders
for any recitals, statements, representations or warranties contained in this Agreement, or in any
certificate or other document referred to or provided for in, or received by any of them under,
this Agreement, or for the value, validity, effectiveness, genuineness, execution, effectiveness,
legality, enforceability or sufficiency of this Agreement, any Note or any other document referred
to or provided for herein or for any failure by the Borrowers or any other Person (other than the
Applicable Administrative Agent) to perform any of its obligations hereunder or thereunder or for
the existence, value, perfection or priority of any collateral security or the financial or other
condition of the Applicable Borrower, its Subsidiaries or any other obligor or guarantor; (c)
except pursuant to Section 12.07 shall not be required to initiate or conduct any
litigation or collection proceedings hereunder; and (d) shall not be responsible for any action
taken or omitted to be taken by it hereunder or under any other document or
instrument referred to or provided for herein or in connection herewith including its own ordinary
negligence, except for its and its officers’, employees’, agents’ and representatives’ gross
negligence or willful misconduct; provided, however, the Administrative Agents may

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employ administrative agents, accountants, attorneys and experts and shall not be responsible for
the negligence or misconduct of any such administrative agents, accountants, attorneys or experts
selected by it in good faith or any action taken or omitted to be taken in good faith by it in
accordance with the advice of such administrative agents, accountants, attorneys or experts. The
Administrative Agents may deem and treat the payee of any Note as the holder thereof for all
purposes hereof unless and until a written notice of the assignment or transfer thereof permitted
hereunder shall have been filed with such Administrative Agents. The Administrative Agents are
authorized to release any collateral that is permitted to be sold or released pursuant to the terms
of the Loan Documents.

     Section 12.02 Reliance by the Administrative Agents. The Administrative Agents shall be entitled to rely
upon any certification, notice or other communication (including any thereof by telephone, telex,
telecopier, telegram or cable) believed by it to be genuine and correct and to have been signed or
sent by or on behalf of the proper Person or Persons, and upon advice and statements of legal
counsel, independent accountants and other experts selected by the Administrative Agents.

     Section 12.03 Defaults. The Administrative Agents shall not be deemed to have knowledge of the
occurrence of a Default (other than the non-payment of principal of or interest on Loans or of fees
or failure to reimburse for Letter of Credit drawings or Bankers’ Acceptances) unless the
Administrative Agents have received notice from a Lender or a Borrower specifying such Default and
stating that such notice is a “Notice of Default.” In the event that the Administrative Agents
receive such a notice of the occurrence of a Default, the Administrative Agents shall give prompt
notice thereof to the Applicable Lenders. In the event of a payment Default, the Administrative
Agents shall give each Applicable Lender prompt notice of each such payment Default.

     Section 12.04 Rights as a Lender. With respect to its US Tranche Commitments or Canadian Allocated
Commitments and the Loans made by it and its participation in the issuance of Letters of Credit,
each Applicable Administrative Agent (and any successor acting as such Applicable Administrative
Agent) in its capacity as a Lender hereunder shall have the same rights and powers hereunder as any
other Lender and may exercise the same as though it were not acting as the Applicable
Administrative Agent, and the term “Lender” or “Lenders” shall, unless the context otherwise
indicates, include the Applicable Administrative Agent in its individual capacity. Each Applicable
Administrative Agent (and any successor acting as such Applicable Administrative Agent) and its
Affiliates may (without having to account therefor to any Lender) accept deposits from, lend money
to and generally engage in any kind of banking, trust or other business with the Applicable
Borrower (and any of its Affiliates) as if it were not acting as the Applicable Administrative
Agent, and each Applicable Administrative Agent and its Affiliates may accept fees and other
consideration
from the Borrowers for services in connection with this Agreement or otherwise without having to
account for the same to the Lenders.

     Section 12.05 Indemnification. The Lenders agree to indemnify the Administrative Agents and the
Issuing Bank ratably in accordance with their Percentage Shares prior to the CAM Exchange Date and
with their CAM Percentage on or after the CAM Exchange Date for the Indemnity Matters as

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described
in Section 13.03 to the extent not indemnified or reimbursed by the Borrowers under
Section 13.03, but without limiting the obligations of the Borrowers under said Section
13.03 and for any and all other liabilities, obligations, losses, damages, penalties, actions,
judgments, suits, costs, expenses or disbursements of any kind and nature whatsoever which may be
imposed on, incurred by or asserted against the Administrative Agents or the Issuing Banks in such
capacities in any way relating to or arising out of: (a) this Agreement, the Security
Instruments or any other documents contemplated by or referred to herein or the transactions
contemplated hereby, but excluding, unless a Default has occurred and is continuing, normal
administrative costs and expenses incident to the performance of their agency duties hereunder or
(b) the enforcement of any of the terms of this Agreement, any Security Instrument or of
any such other documents; whether or not any of the foregoing specified in this Section
12.05 arises from the sole or concurrent negligence of the Administrative Agents or the Issuing
Bank, provided that no Lender shall be liable for any of the foregoing to the extent they
arise from the gross negligence or willful misconduct of the Administrative Agents or the Issuing
Bank, as the case may be; provided further that the obligation to indemnify the Issuing
Bank hereunder will be the obligations of the US Tranche Revolving Lenders prior to the CAM
Exchange Date and all of the Lenders on or after the CAM Exchange Date.

     Section 12.06 Non-Reliance on the Administrative Agents and other Lenders. Each Lender acknowledges and
agrees that it has, independently and without reliance on the Administrative Agents or any other
Lender, and based on such documents and information as it has deemed appropriate, made its own
credit analysis of the Borrowers and its decision to enter into this Agreement, and that it will,
independently and without reliance upon the Administrative Agents or any other Lender, and based on
such documents and information as it shall deem appropriate at the time, continue to make its own
analysis and decisions in taking or not taking action under this Agreement. The Administrative
Agents shall not be required to keep itself informed as to the performance or observance by the
Borrowers of this Agreement, the Notes, the Security Instruments or any other document referred to
or provided for herein or to inspect the properties or books of the Borrowers. Except for notices,
reports and other documents and information expressly required to be furnished to the Lenders by
the Applicable Administrative Agent hereunder, such Applicable Administrative Agent shall not have
any duty or responsibility to provide any Lender with any credit or other information concerning
the affairs, financial condition or business of the Borrowers (or any of its Affiliates) which may
come into the possession of such Applicable Administrative Agent or any of its Affiliates. In this
regard, each
Lender acknowledges that Vinson & Elkins L.L.P. is acting in this transaction as special US counsel
to the US Administrative Agent only and Goodmans LLP is acting in this transaction as special
Canadian counsel to the Canadian Administrative Agent only, except to the extent otherwise
expressly stated in any legal opinion or any Loan Document. Each Lender will consult with its own
legal counsel to the extent that it deems necessary in connection with the Loan Documents and the
matters contemplated therein.

     Section 12.07 Action by the Administrative Agents. Except for action or other matters expressly required
of each Applicable Administrative Agent hereunder, each Applicable

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Administrative Agent shall in
all cases be fully justified in failing or refusing to act hereunder unless it shall (a) receive
written instructions from the Majority Lenders (or all of the Lenders if expressly required by
Section 13.04) specifying the action to be taken, and (b) be indemnified to its
satisfaction by the Lenders against any and all liability and expenses which may be incurred by it
by reason of taking or continuing to take any such action. The instructions of the Majority
Lenders (or all of the Lenders if expressly required by Section 13.04) and any action taken
or failure to act pursuant thereto by the Applicable Administrative Agent shall be binding on all
of the Lenders. If a Default has occurred and is continuing, each Applicable Administrative Agent
shall take such action with respect to such Default as shall be directed by the Majority Lenders
(or all of the Lenders if required by Section 13.04) in the written instructions (with
indemnities) described in this Section 12.07, provided that, unless and until the
Applicable Administrative Agent shall have received such directions, such Applicable Administrative
Agent may (but shall not be obligated to) take such action, or refrain from taking such action,
with respect to such Default as it shall deem advisable in the best interests of the Lenders. In
no event, however, shall the Applicable Administrative Agent be required to take any action which
exposes such Applicable Administrative Agent to personal liability or which is contrary to this
Agreement and the Security Instruments or applicable law.

     Section 12.08 Resignation or Removal of the Administrative Agents. Subject to the appointment and
acceptance of a successor Applicable Administrative Agent as provided below, each Applicable
Administrative Agent may resign at any time by giving notice thereof to the Lenders and the
Borrowers, and each Applicable Administrative Agent may be removed at any time with or without
cause by the Majority Lenders. Upon any such resignation or removal, the Majority Lenders shall
have the right to appoint a successor Applicable Administrative Agent. If no successor Applicable
Administrative Agent shall have been so appointed by the Majority Lenders and shall have accepted
such appointment within thirty (30) days after the retiring Applicable Administrative Agent’s
giving of notice of resignation or the Majority Lenders’ removal of the retiring Applicable
Administrative Agent, then the retiring Applicable Administrative Agent may, on behalf of the
Lenders, appoint a successor Applicable Administrative Agent. Upon the acceptance of such
appointment hereunder by a successor Applicable Administrative Agent, such successor Applicable
Administrative Agent shall thereupon succeed to and become vested with all the rights, powers,
privileges and duties of the retiring Applicable Administrative Agent, and the retiring Applicable
Administrative Agent shall be discharged from its duties and obligations hereunder. After any
retiring Applicable Administrative Agent’s resignation or removal hereunder as Applicable
Administrative Agent,
the provisions of this ARTICLE XII and Section 13.03 shall continue in effect for
its benefit in respect of any actions taken or omitted to be taken by it while it was acting as an
Administrative Agent.

     Section 12.09 Notification by US Administrative Agent. Subject to the provisions herein to the contrary,
the US Administrative Agent shall be required to notify only the US Tranche Revolving Lenders of
any Borrowings, continuations or conversions or of any other act requiring notice to be provided by
the US Administrative Agent hereunder. Upon each US Tranche Revolving Lender’s receipt of such
notice from the US Administrative Agent pursuant to this Section 12.09, such Lender shall
notify its respective Canadian counterpart of such notice.

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     Section 12.10 Syndication Agent, Joint Lead Arrangers, Joint Book Runners, Documentation Agents. The
Syndication Agent, the Joint Lead Arrangers, the Joint Book Runners, and the Documentation Agents
shall have no duties, responsibilities or liabilities under this Agreement and the other Loan
Documents other than their duties, responsibilities and liabilities in their capacity as Lenders
hereunder.

ARTICLE XIII

Miscellaneous

     Section 13.01 Waiver. No failure on the part of the Administrative Agents or any Lender to exercise and
no delay in exercising, and no course of dealing with respect to, any right, power or privilege
under any of the Loan Documents shall operate as a waiver thereof, nor shall any single or partial
exercise of any right, power or privilege under any of the Loan Documents preclude any other or
further exercise thereof or the exercise of any other right, power or privilege. The remedies
provided herein are cumulative and not exclusive of any remedies provided by law.

     Section 13.02 Notices.

          (a) Except in the case of notices and other communications expressly permitted to be given by
telephone or other electronic communication (and subject to Section 13.02(b)), all notices
and other communications provided for herein shall be in writing and shall be delivered by hand or
overnight courier service, mailed by certified or registered mail or sent by telecopy, as follows:

     (i) if to the US Borrower, to it at 4444 Brittmoore Road, Houston, Texas 77041;
Attention: Chief Financial Officer (Telecopier No.: 713-466-6720) with copies to 4444
Brittmoore Road, Houston, Texas 77041; Attention: General Counsel (Telecopier No.:
713-335-7867) with a copy to Baker Botts L.L.P., One Shell Plaza, 910
Louisiana, Houston, Texas 77002 Attention: Steve Krebs (Telecopier No.: 713-229-7767);

     (ii) if to the Canadian Borrower, to it at 4444 Brittmoore Road, Houston, Texas 77041;
Attention: Chief Financial Officer (Telecopier No.: 713-466-6720) with copies to 4444
Brittmoore Road, Houston, Texas 77041; Attention: General Counsel (Telecopier No.:
713-335-7867) with a copy to Baker Botts L.L.P., One Shell Plaza, 910 Louisiana, Houston,
Texas 77002 Attention: Steve Krebs (Telecopier No.: 713-229-7767);

     (iii) if to the US Administrative Agent, to it at Wachovia Bank, National Association,
301 South College Street, 23rd Floor NC 0680, Charlotte, North Carolina 28288; Attention:
Syndication Agency Services (Telecopier No.: 704-383-0288) with a copy to Wachovia Capital
Markets, LLC, 1001 Fannin, Suite 2255, Houston, Texas 77002; Attention: David Humphreys
(Telecopier No.: 713-650-6354);

     (iv) if to the Canadian Administrative Agent, to it at Wachovia Capital Finance
Corporation (Canada), 141 Adelaide St W., Suite 1500, Toronto, Ontario, Canada M5H 3L9;
Attention: Enza Agosta (Telecopier No.: 416-364-8165) with a copy to Wachovia

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Capital
Markets, LLC, 1001 Fannin, Suite 2255, Houston, Texas 77002; Attention: David Humphreys
(Telecopier No.: 713-650-6354); and

     (v) if to any other Lender, in its capacity as such, or any other Lender in its
capacity as an Issuing Bank, to it at its address (or telecopy number) set forth in its
administrative questionnaire.

          (b) Notices and other communications to the Lenders and the Administrative Agents hereunder
may be delivered or furnished by electronic communications pursuant to procedures approved by the
US Administrative Agent; provided that the foregoing shall not apply to notices pursuant to
ARTICLE II, ARTICLE III, ARTICLE IV, ARTICLE V and ARTICLE
XI unless otherwise agreed by the Applicable Administrative Agent and the Applicable Lender.
The Applicable Administrative Agent or the Applicable Borrower may, in its discretion, agree to
accept notices and other communications hereunder by electronic communications pursuant to
procedures approved by it; provided that approval of such procedures may be limited to
particular notices or communications.

          (c) Any party hereto may change its address or telecopy number for notices and other
communications hereunder by notice to the other parties hereto. All notices and other
communications given to any party hereto in accordance with the provisions of this Agreement shall
be deemed to have been given on the date of receipt.

     Section 13.03 Payment of Expenses, Indemnities, etc.

          (a) The Borrowers agree:

     (i) whether or not the transactions hereby contemplated are consummated, to pay all
reasonable expenses of each Administrative Agent in the administration (both before and
after the execution hereof and including advice of counsel as to the rights and duties of
each Administrative Agent and the Lenders with respect thereto) of, and in connection with
the negotiation, syndication, investigation, preparation, execution and delivery of,
recording or filing of, preservation of rights under, enforcement of, and refinancing,
renegotiation or restructuring of, the Loan Documents and any amendment, waiver or consent,
whether or not effective, relating thereto (including travel, photocopy, mailing, courier,
telephone and other similar expenses of each Administrative Agent, ongoing Collateral
monitoring and protection, Collateral releases and workout matters, the cost of
environmental audits, surveys and appraisals, the reasonable fees and disbursements of
counsel and other outside consultants for the Administrative Agents limited to one US
counsel and one Canadian counsel and, in the case of enforcement, the reasonable fees and
disbursements of counsel for the Administrative Agents, any of the Lenders and any Issuing
Bank and the Administrative Agents shall promptly reimburse the Applicable Lenders and
Issuing Banks for such fees and disbursements) and promptly reimburse the Administrative
Agents for all such amounts expended, advanced or incurred by the Administrative Agents, the
Lenders or the Issuing Banks to satisfy any obligation of the Borrowers under this Agreement
or any Security Instrument, including without limitation, all reasonable costs and expenses
of foreclosure;

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     (ii) to indemnify each Administrative Agent and each Lender and each
Lender Affiliate and each Issuing Bank and each of their officers, directors, employees,
representatives, Administrative Agents, attorneys, accountants, investment advisors, agents,
trustees and experts (“Indemnified Parties”) from, hold each of them harmless
against and promptly upon demand pay or reimburse each of them for, the Indemnity Matters
which may be incurred by or asserted against or involve any of them (whether or not any of
them is designated a party thereto) as a result of, arising out of or in any way related to
(a) any actual or proposed use by the Borrowers of the proceeds of any of the Loans or
Letters of Credit, (b) the execution, delivery and performance of the Loan Documents, (c)
the operations of the business of each Borrower and its Subsidiaries, (d) the failure of
each Borrower or any Subsidiary to comply with the terms of any Security Instrument or this
Agreement, or with any Governmental Requirement, (e) any inaccuracy of any representation or
any breach of any warranty of a Borrower set forth in any of the Loan Documents, (f) the
issuance, execution and delivery or transfer of or payment or failure to pay under any
Letter of Credit, (g) the payment of a drawing under any Letter of Credit notwithstanding
the non-compliance, non-delivery or other improper presentation of the manually executed
draft(s) and certification(s), (h) any assertion that the Lenders were not entitled to
receive the proceeds received pursuant to the Security Instruments or (i) any other aspect
of the Loan Documents, including the reasonable fees and disbursements of counsel and all
other reasonable expenses incurred in connection with investigating, defending or preparing
to defend any such action, suit, proceeding (including any investigations, 
litigation or inquiries) or claim and including all Indemnity Matters arising by
reason of the ordinary negligence of any Indemnified Party, but excluding all Indemnity
Matters arising solely by reason of claims between the Lenders or any Lender and an
Administrative Agent or a Lender’s shareholders against an Administrative Agent or Lender or
by reason of the gross negligence or willful misconduct on the part of such Indemnified
Party; and

     (iii) to indemnify and hold harmless from time to time the Indemnified
Parties from and against any and all Indemnity Matters to which any such Person may become
subject (a) under any Environmental Law applicable to a Borrower or any Subsidiary or any of
their Properties, including without limitation, the treatment or disposal of hazardous
substances on any of their Properties, (b) as a result of the breach or non-compliance by a
Borrower or any Subsidiary with any Environmental Law applicable to a Borrower or any
Subsidiary, (c) due to past ownership by a Borrower or any Subsidiary of any of their
Properties or past activity on any of their Properties which, though lawful and fully
permissible at the time, could result in present liability, (d) the presence, use, release,
storage, treatment or disposal of hazardous substances on or at any of the Properties owned
or operated by a Borrower or any

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Subsidiary or (e) any other environmental, health or safety
condition in connection with the Loan Documents; provided, however, no
indemnity shall be afforded under this Section 13.03(a)(iii) in
respect of any Property for any occurrence arising from the acts or omissions of any
Indemnified Party after the date which the applicable Borrower or Subsidiary is divested of
ownership of such Property (whether by foreclosure or deed in lieu of foreclosure, as
mortgagee-in-possession or otherwise).

          (b) No Indemnified Party may settle any claim to be indemnified without the consent of the
indemnitor, such consent not to be unreasonably withheld; provided, that the indemnitor may
not reasonably withhold consent to any settlement that an Indemnified Party proposes, if the
indemnitor does not have the financial ability to pay all its obligations outstanding and asserted
against the indemnitor at that time, including the maximum potential claims against the Indemnified
Party to be indemnified pursuant to this Section 13.03.

          (c) In the case of any indemnification hereunder, an Applicable Administrative Agent or
Lender, as appropriate shall give notice to the Borrowers of any such claim or demand being made
against the Indemnified Party and the Borrowers shall have the non-exclusive right to join in the
defense against any such claim or demand provided that if the Borrowers provide a defense,
the Indemnified Party shall bear its own cost of defense unless there is a conflict between the
Borrowers and such Indemnified Party.

          (d) The foregoing indemnities shall extend to the Indemnified Parties notwithstanding the sole
or concurrent negligence of every kind or character whatsoever, whether active or passive, whether
an affirmative act or an omission, including without limitation, all types of negligent conduct
identified in the restatement (second) of torts of one or
more of the Indemnified Parties or by reason of strict liability imposed without fault on any
one or more of the Indemnified Parties. To the extent that an Indemnified Party is found to have
committed an act of gross negligence or willful misconduct, this contractual obligation of
indemnification shall continue but shall only extend to the portion of the claim that is deemed to
have occurred by reason of events other than the gross negligence or willful misconduct of the
Indemnified Party.

          (e) Each Borrower’s obligations under this Section 13.03 shall be its joint and
several obligations and shall survive any termination of this Agreement and the payment of the
Loans and shall continue thereafter in full force and effect.

          (f) Each Borrower shall pay any amounts due under this Section 13.03 within thirty
(30) days of the receipt by such Borrower of notice of the amount due.

     Section 13.04 Amendments, Etc. Any provision of this Agreement or any Security Instrument may be
amended, modified or waived with the Borrowers’ and the Majority Lenders’ prior written consent;
provided that (a) no amendment, modification or waiver which increases the Aggregate
Commitments, forgives or reduces the Principal Amount of any Indebtedness outstanding under this
Agreement, releases (except as otherwise permitted under the Loan Documents) all or substantially
all of the Collateral (excluding Transfers of Compression Assets permitted under the Loan
Documents) or any of the Subsidiary Guarantors or the US Borrower

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as a guarantor of the Canadian
Tranche, affects Sections 4.02, 4.05, 11.02(d), 13.04 or
13.06(a) or permits an Interest Period with a duration in excess of six months or modifies
the definition of “Majority Lenders” shall be effective without the consent of all Lenders;
(b) no amendment, modification or waiver which extends any scheduled payment date or the final
maturity of the Term Loans or reduces the interest rate applicable to the Term Loans or the fees
payable to the Term Loan Lenders or extends the time for payment of such interest or fees shall be
effective without the consent of all the Term Loan Lenders (in lieu of the consent of the Majority
Lenders); (c) no amendment, modification or waiver which extends any scheduled payment date or the
final maturity of the Revolving Loans, reduces the interest rate applicable to the Revolving Loans
or the fees payable to the US Tranche Revolving Lenders or the Canadian Tranche Revolving Lenders
or extends the time for payment of such interest or fees shall be effective without the consent of
all the US Tranche Revolving Lenders or the Canadian Tranche Revolving Lenders, as applicable (in
lieu of the consent of the Majority Lenders); (d) no amendment, modification or waiver which
increases the US Tranche Commitment, Canadian Allocated Commitment or Term Commitment of any Lender
shall be effective without the consent of such Lender; (e) no amendment, modification or waiver
which modifies the rights, duties or obligations of an Applicable Administrative Agent shall be
effective without the consent of such Applicable Administrative Agent; and (f) no amendment,
modification or waiver which affects Section 2.01(b), 2.02(g), 2.04(b)(ii),
2.04(b)(iii), 2.09, 2.10 or 11.03 shall be effective without the
consent of all the Issuing Banks.

     Section 13.05 Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their
respective successors and permitted assigns.

     Section 13.06 Assignments and Participations.

          (a) No Borrower nor Guarantor may assign its rights or obligations hereunder or under the
Loans, Bankers’ Acceptances, the BA Equivalent Loans or any Letters of Credit without the prior
consent of all of the Lenders and the Administrative Agents.

          (b) Any Lender may assign to one or more assignees, all or a portion of its rights and
obligations under this Agreement pursuant to an Assignment Agreement substantially in the form of
Exhibit E (an “Assignment”) which prior to execution shall be submitted in
Microsoft Word format upon the written consent (which consent shall not be unreasonably withheld)
of (A) with respect to the Revolving Credit Facility only, the US Administrative Agent,
provided that no such consent shall be required for an assignment to an assignee that is an
Affiliate (as defined in clause (a) of the definition of “Affiliate”) of such Revolving Lender or a
Revolving Lender immediately prior to giving effect to such assignment, (B) with respect to the
Term Loan Credit Facility only, the US Administrative Agent, provided that no such consent
shall be required for an assignment to an assignee that is an Affiliate (as defined in clause (a)
of the definition of “Affiliate”) of such Term Loan Lender, a Related Fund or a Term Loan Lender
immediately prior to giving effect to such assignment, (C) the Issuing Banks (with respect to the
Revolving Credit Facility only), (D) with respect to the Revolving Credit Facility only, the US
Borrower, provided that no such consent shall be required for an assignment to an assignee
that is an Affiliate (as defined in clause (a) of the definition of “Affiliate”) of such Revolving
Lender or a Revolving Lender immediately prior to giving effect to such assignment, or if an Event
of Default has occurred and is continuing, any other assignee and (E) with respect to the Term Loan

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Credit Facility only, the US Borrower, provided that no such consent shall be required for
an assignment to an assignee that is an Affiliate (as defined in clause (a) of the definition of
“Affiliate”) of such Term Loan Lender, a Related Fund or a Term Loan Lender immediately prior to
giving effect to such assignment; provided, however, that (i) any such assignment
shall be in the amount of at least $5,000,000 of a Tranche with respect to the Revolving Credit
Facility and at least $1,000,000 with respect to the Term Loan Facility or the remaining amount of
such Lender’s Credit Exposure and Commitments hereunder or such lesser amount to which the US
Borrower has consented, with Related Funds treated as one assignee for purposes of determining
compliance with such minimum assignment amount; (ii) the assignee or assignor shall pay to the
Applicable Administrative Agent a processing and recordation fee of $3,500 for each assignment;
provided that only $3,500 shall be paid for pro rata assignments by a Lender and its
Canadian Lender Affiliate and only one such fee shall be payable in connection with simultaneous
assignments to or by two or more Related Funds; (iii) if such assignment is made at a time when no
Event of Default has occurred and is continuing, any assignee of the Canadian Tranche Revolving
Lender shall satisfy the Canadian residency requirements of a Canadian Tranche Revolving Lender;
(iv) any assignee shall not be a competitor of the US Borrower or any of its Subsidiaries; and (v)
notwithstanding anything to the contrary contained in this Agreement, if such assignment is made at
a time when an Event of Default has occurred and is continuing, (y) the Borrowers shall have the
right to withhold all Taxes required by law to be
withheld from payments made hereunder, and shall pay such Taxes to the relevant taxing
authority or other Governmental Authority in accordance with applicable law and (z) any assignee of
a Lender shall not be subject to the provisions of Section 4.06(d) (other than subparagraph
(ii) thereof, if applicable), and shall not be entitled to receive any additional amounts payable
pursuant to Section 4.06(a)(A) or indemnification payments for Taxes pursuant to
Section 4.06(c). Any such assignment will become effective upon the execution and delivery
to the US Administrative Agent of the Assignment and the consent, if required above, of the US
Administrative Agent, the Issuing Banks and, unless an Event of Default has occurred and is
continuing, the US Borrower. Promptly after receipt of an executed Assignment, the US
Administrative Agent shall send to the Applicable Borrower a copy of such executed Assignment.
Upon receipt of such executed Assignment, such Borrower, will, at its own expense, execute and
deliver new Notes, Bankers’ Acceptances or BA Equivalent Notes to the assignor and/or assignee, as
appropriate, in accordance with their respective interests as they appear. Upon the effectiveness
of any assignment pursuant to this Section 13.06(b), the assignee will become a “Lender,”
if not already a “Lender,” for all purposes of this Agreement and the Security Instruments. The
assignor shall be relieved of its obligations hereunder to the extent of such assignment (and if
the assigning Lender no longer holds any rights or obligations under this Agreement, such assigning
Lender shall cease to be a “Lender” hereunder except that its rights under Sections 4.06,
5.01, 5.05 and 13.03 shall not be affected). The US Administrative Agent,
acting as an agent of the Borrowers, shall maintain at one of its offices a copy of each Assignment
Agreement delivered to it and a register for the recordation of the names and addresses of the
Lenders, and the Principal Amount of the Loans and LC Exposure owing to, each Lender pursuant to
the terms hereof from time to time (the “Register”). No assignment shall be effective for
purposes of this Agreement unless it has been recorded in the Register.

          (c) Each Lender may transfer, grant or assign participations in all or any part of such
Lender’s interests hereunder pursuant to this Section 13.06(c) to any Person that satisfies
the requirements of Section 13.06(b)(iv) and either Section 13.06(b)(iii) or
Section

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13.06(b)(v)(z), as applicable, provided that: (i) such Lender shall remain
a “Lender” for all purposes of this Agreement and the transferee of such participation shall not
constitute a “Lender” hereunder and (ii) no participant under any such participation shall have
rights to approve any amendment to or waiver of any of the Loan Documents; provided that
such participation agreement may provide that such Lender will not, without the consent of the
participant, agree to any amendment, modification or waiver described in clauses (a), (b) or (c) of
the proviso to Section 13.04 that affects such participant, and all amounts payable by the
Applicable Borrower hereunder shall be determined as if such Lender had not sold such
participation, provided that such participant shall be entitled to receive additional
amounts under ARTICLE V on the same basis as if it were a Lender and be indemnified under
Section 13.03 as if it were a Lender; provided that no Participant shall be
entitled to receive any greater amount pursuant to such provisions than the transferor Lender would
have been entitled to receive in respect of the amount of the participation transferred if no
participation had been transferred. Anything herein to the contrary notwithstanding, the Borrowers
shall not, at any time, be obligated to pay to any Lender and its participants, collectively, any
sum in excess of the sum the Borrowers would have been obligated to pay to such Lender hereunder if
such Lender had not sold any participation in its rights and obligations under this Agreement or
any other Credit Document. In addition, each agreement creating any participation must include an
agreement by
the participant to be bound by the provisions of Section 13.15 or confidentiality
provisions at least as restrictive as those of Section 13.15.

          (d) The Lenders may furnish any information concerning a Borrower in the possession of the
Lenders from time to time to assignees and participants (including prospective assignees and
participants); provided that such Persons agree to be bound by the provisions of
Section 13.15 or confidentiality provisions at least as restrictive as those of Section
13.15.

          (e) Notwithstanding anything in this Section 13.06 to the contrary, any Lender may at
any time pledge or assign a security interest in all or any portion of its rights under this
Agreement to secure obligations of such Lender, including any pledge or assignment to secure
obligations to a Federal Reserve Bank; provided that no such pledge or assignment of a
security interest shall release a Lender from any of its obligations hereunder or substitute any
such pledgee or assignee for such Lender as a party hereto.

          (f) Notwithstanding any other provisions of this Section 13.06, no transfer or
assignment of the interests or obligations of any Lender or any grant of participations therein
shall be permitted if such transfer, assignment or grant would require any Borrower to file a
registration statement with the SEC or to qualify the Loans under the “Blue Sky” laws of any state
or similar laws in any jurisdiction in Canada.

     Section 13.07 Invalidity. In the event that any one or more of the provisions contained in any of the
Loan Documents or the Letters of Credit, shall, for any reason, be held invalid, illegal or
unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any
other provision of the Notes, this Agreement or any Security Instrument.

     Section 13.08 Counterparts. This Agreement may be executed in any number of counterparts, all of which
taken together shall constitute one and the same instrument and any of the parties hereto may
execute this Agreement by signing any such counterpart.

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     Section 13.09 USA Patriot Act Notice. Each US Lender hereby notifies the Borrowers that pursuant to the
requirements of the USA Patriot Act, it is required to obtain, verify and record information that
identifies the US Borrower and its Subsidiaries, which information includes the name and address of
the US Borrower and such Subsidiaries and other information that will allow such US Lender to
identify the US Borrower and such Subsidiaries in accordance with the USA Patriot Act.

     Section 13.10 Survival. The obligations of the parties under Section 4.06, ARTICLE V,
and Sections 12.05 and 13.03 shall survive the repayment of the Loans and the
termination of the US Tranche Commitments, Canadian Allocated Commitments and Term Commitments. To
the extent that any payments on the Indebtedness under the Loan Documents or proceeds of any
Collateral are subsequently
invalidated, declared to be fraudulent or preferential, set aside or required to be repaid to a
trustee, debtor in possession, receiver or other Person under any bankruptcy law, common law or
equitable cause, then to such extent, the Indebtedness under the Loan Documents so satisfied shall
be revived and continue as if such payment or proceeds had not been received and each Applicable
Administrative Agent’s and Lenders’ Liens, security interests, rights, powers and remedies under
this Agreement and each Security Instrument shall continue in full force and effect. In such
event, each Security Instrument shall be automatically reinstated and the Applicable Borrower shall
take such action as may be reasonably requested by the Applicable Administrative Agent and the
Lenders to effect such reinstatement.

     Section 13.11 Restatement. This Agreement amends, restates and supersedes the Existing Universal Credit
Agreement. It is the intention of the parties that all Liens and security interests securing the
Existing Universal Credit Agreement continue to exist, remain valid and shall not be impaired or
released hereby and shall remain in full force and effect as provided in the Security Instruments.

     Section 13.12 No Oral Agreements. The Loan Documents embody the entire agreement and understanding
between the parties and supersede all other agreements and understandings between such parties
relating to the subject matter hereof and thereof. The Loan Documents represent the final
agreement between the parties and may not be contradicted by evidence of prior, contemporaneous or
subsequent oral agreements of the parties. There are no unwritten oral agreements between the
parties.

     Section 13.13 Governing Law; Submission to Jurisdiction.

          (a) This Agreement and the Notes shall be governed by, and construed in accordance with, the
laws of the State of Texas except to the extent that United States federal law permits any US
Lender to charge interest at the rate allowed by the laws of the state where such Lender is located
or applicable Canadian Law permits any Canadian Tranche Revolving Lender to charge interest at the
rate allowed by the laws of the jurisdiction where such Lender is located. Ch. 346 of the Texas
Finance Code (which regulates certain revolving credit loan accounts and revolving tri-party
accounts) shall not apply to this Agreement or the Notes.

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          (b) Any legal action or proceeding with respect to the Loan Documents may be brought in the
courts of the State of Texas or of the United States of America for the Southern District of Texas
in each case located in Houston, Texas, and, by execution and delivery of this Agreement, each
Borrower hereby accepts for itself and (to the extent permitted under law) in respect of its
Property, generally and unconditionally, the jurisdiction of the aforesaid courts. Each Borrower
and Guarantor hereby irrevocably waives any objection, including any objection to the laying of
venue or based on the grounds of forum non conveniens, which it may now or hereafter have to the
bringing of any such action or proceeding in such respective jurisdictions. This submission to
jurisdiction is non-exclusive and does not preclude the Administrative Agents
or any Lender from obtaining jurisdiction over each Borrower and Guarantor in any court
otherwise having jurisdiction.

          (c) Each Borrower and Guarantor irrevocably consents to the service of process of any of the
aforementioned courts in any such action or proceeding by the mailing of copies thereof by
registered or certified mail, postage prepaid, to such Borrower and Guarantor at its address
specified in Section 13.02 or as updated from time to time, such service to become
effective thirty (30) days after such mailing.

          (d) Nothing herein shall affect the right of the Administrative Agents or any Lender or any
holder of a Loan to serve process in any other manner permitted under law or to commence legal
proceedings or otherwise proceed against the Borrowers or Guarantors in any other jurisdiction.

          (e) Notwithstanding anything to the contrary in any of the Loan Documents, each Borrower, each
Guarantor, each Issuing Bank, each Administrative Agent, each Lender and each of the other parties
hereto hereby (i) irrevocably and unconditionally waive, to the fullest extent permitted under law,
trial by jury in any legal action or proceeding relating to this Agreement or any Security
Instrument and for any counterclaim therein; (ii) irrevocably waive, to the maximum extent not
prohibited by law, any right it may have to claim or recover in any such litigation or otherwise
any special, exemplary, punitive or consequential damages (including loss of profits), or damages
other than, or in addition to, actual damages; (iii) certify that no party hereto nor any
representative thereof or counsel for any party hereto has represented, expressly or otherwise, or
implied that such party would not, in the event of litigation, seek to enforce the foregoing
waivers and (iv) acknowledge that it has been induced to enter into this Agreement, the Security
Instruments and the transactions contemplated hereby and thereby by, among other things, the mutual
waivers and certifications contained in this Section 13.13.

     Section 13.14 Interest. It is the intention of the parties hereto that each Lender shall conform
strictly to usury laws applicable to it. Accordingly, if the transactions contemplated hereby
would be usurious as to any Lender under laws applicable to it (including the laws of the United
States of America and the State of Texas or any other jurisdiction whose laws may be mandatorily
applicable to such Lender notwithstanding the other provisions of this Agreement), then, in that
event, notwithstanding anything to the contrary in any of the Loan Documents or any agreement
entered into in connection with or as security for the Loans, the Bankers’ Acceptances and the BA
Equivalent Loans, it is agreed as follows: (a) the aggregate of all consideration which
constitutes interest under law applicable to any Lender that is contracted for,

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taken, reserved,
charged or received by such Lender under any of the Loan Documents or agreements or otherwise in
connection with the Loans shall under no circumstances exceed the maximum amount allowed by such
applicable law, and any excess shall be canceled automatically and if theretofore paid shall be
credited by such Lender on the Principal Amount of the Indebtedness under the Loan Documents (or,
to the extent that the Principal Amount of the Indebtedness under the Loan Documents shall have
been or would thereby be paid in full, refunded by such Lender to the Applicable Borrower); and (b)
in the event that the maturity of the Loans is accelerated by
reason of an election of the holder thereof resulting from any Event of Default under this
Agreement or otherwise, or in the event of any required or permitted prepayment, then such
consideration that constitutes interest under law applicable to any Lender may never include more
than the maximum amount allowed by such applicable law, and excess interest, if any, provided for
in this Agreement or otherwise shall be canceled automatically by such Lender as of the date of
such acceleration or prepayment and, if theretofore paid, shall be credited by such Lender on the
Principal Amount of the Indebtedness under the Loan Documents (or, to the extent that the Principal
Amount of the Indebtedness under the Loan Documents shall have been or would thereby be paid in
full, refunded by such Lender to the Applicable Borrower). All sums paid or agreed to be paid to
any Lender for the use, forbearance or detention of sums due hereunder shall, to the extent
permitted under law applicable to such Lender, be amortized, prorated, allocated and spread
throughout the full term of the Loans until payment in full so that the rate or amount of interest
on account of any Loans hereunder does not exceed the maximum amount allowed by such applicable
law. If at any time and from time to time (i) the amount of interest payable to any Lender on any
date shall be computed at the Highest Lawful Rate applicable to such Lender pursuant to this
Section 13.14 and (ii) in respect of any subsequent interest computation period the amount
of interest otherwise payable to such Lender would be less than the amount of interest payable to
such Lender computed at the Highest Lawful Rate applicable to such Lender, then the amount of
interest payable to such Lender in respect of such subsequent interest computation period shall
continue to be computed at the Highest Lawful Rate applicable to such Lender until the total amount
of interest payable to such Lender shall equal the total amount of interest which would have been
payable to such Lender if the total amount of interest had been computed without giving effect to
this Section 13.14. To the extent that Chapter 303 of the Texas Finance Code is relevant
for the purpose of determining the Highest Lawful Rate, such Lender elects to determine the
applicable rate ceiling under such Chapter by the indicated weekly rate ceiling from time to time
in effect.

     Section 13.15 Confidentiality. For the purposes of this Section 13.15, “Confidential
Information” means any non-public information about any Borrower or its Subsidiaries furnished
by any Borrower, any Subsidiary or its Affiliates (collectively, the “Disclosing Parties”)
to the Administrative Agents or any of the Lenders, including, but not limited to, any actual or
pending agreement, business plans, budgets, projections, ecological data and accounting records,
financial statements, or other financial data of any kind, any title documents, reports or other
information relating to matters of title, any projects or plans, whether actual or prospective, and
any other documents or items embodying any such Confidential Information; provided that
such term does not include information that (a) was publicly known or otherwise known prior to the
time of such disclosure, (b) subsequently becomes publicly known other than as a result of
unauthorized disclosure by the Administrative Agents or the Lenders or any Person acting on behalf
thereof, (c) otherwise becomes known to the Administrative Agents or Lenders other than through
disclosure by the Disclosing Parties or a party known to be subject to a confidentiality

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agreement
or (d) constitutes financial statements delivered to the Administrative Agents and the Lenders
under Section 9.01(a) that are otherwise publicly available. The Administrative Agents and
the Lenders will maintain the confidentiality of such Confidential Information delivered to such
Person, provided that each such Person (a “Restricted Person”) may deliver or
disclose Confidential Information to (i) such Restricted Person’s directors, officers, employees,
agents, attorneys, investment advisors, trustees and
Affiliates, who agree to hold confidential the Confidential Information substantially in accordance
with the terms of this Section 13.15 or other provisions at least as restrictive as this
Section 13.15, (ii) such Restricted Person’s financial advisors and other professional
advisors who agree to hold confidential the Confidential Information substantially in accordance
with the terms of this Section 13.15 or other provisions at least as restrictive as this
Section 13.15, (iii) any other Lender, (iv) any pledgee referred to in Section
13.06(e) or any assignee to which such Restricted Person sells or offers to sell its Loan or
any part thereof or any participation therein (if such Person has agreed in writing prior to its
receipt of such Confidential Information to be bound by the provisions of this Section
13.15 or other provisions at least as restrictive as this Section 13.15), (v) any
Person from which such Restricted Person offers to purchase any security of the Borrowers (if such
Person has agreed in writing prior to its receipt of such Confidential Information to be bound by
the provisions of this Section 13.15 or other provisions at least as restrictive as this
Section 13.15), (vi) any Governmental Authority having jurisdiction or any self-regulatory
body claiming to have authority over such Restricted Person, (vii) the National Association of
Insurance Commissioners or any similar organization, or any nationally recognized rating agency
that requires access to information about such Restricted Person’s investment portfolio, or (viii)
any other Person to which such delivery or disclosure may be necessary or appropriate (A) to effect
compliance with any Governmental Requirement applicable to such Restricted Person, (B) in response
to any subpoena or other legal process, (C) in connection with any litigation to which such
Restricted Person is a party or (D) if an Event of Default has occurred and is continuing, to the
extent such Restricted Person may reasonably determine such delivery and disclosure to be necessary
or appropriate in the enforcement or for the protection of its rights and remedies under the Notes
and this Agreement. Each Lender, by its acceptance of a Loan or a participation agreement, will be
deemed to have agreed to be bound by and to be entitled to the benefits of this Section
13.15 as though it were a party to this Agreement. On reasonable request by any Borrower in
connection with the delivery to any Lender of information required to be delivered to such Lender
under this Agreement or requested by such Lender (other than a Lender that is a party to this
Agreement or its nominee), such Lender will enter into an agreement with any Borrower embodying the
provisions of this Section 13.15.

     Section 13.16 Effectiveness. This Agreement shall be effective on the Closing Date.

     Section 13.17 Exculpation Provisions. Each of the parties hereto specifically agrees that it has a
duty to read this Agreement and the Security Instruments and agrees that it is charged with notice
and knowledge of the terms of this Agreement and the Security Instruments; that it has in fact read
this Agreement and is fully informed and has full notice and knowledge of the terms, conditions and
effects of this Agreement; that it has been represented by independent legal counsel of its choice
throughout the negotiations preceding its execution of this Agreement and the Security Instruments;
and has received the advice of its attorney in entering into this Agreement and the Security
Instruments; and that it recognizes that certain of the terms of this Agreement and the Security

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Instruments result in one party assuming the liability inherent in some aspects of the
transaction and relieving the other party of its responsibility for such liability. Each party
hereto agrees and covenants that it will not contest the validity or enforceability of any
exculpatory provision of this Agreement and the Security Instruments on the basis that the party
had no notice or knowledge of such provision or that the provision is not “conspicuous.”

     Section 13.18 Hedging Agreements and Treasury Management Agreements. Notwithstanding anything to the
contrary contained herein, the terms and provisions of this Agreement shall not apply to any
Hedging Agreements or Treasury Management Agreements, except to the extent necessary for all
Hedging Agreements or Treasury Management Agreements with Lenders and/or their Lender Affiliate to
be secured by the Security Instruments on a pari passu basis with other Indebtedness and for the
proceeds from the Security Instruments to be applied as set forth in Section 11.02(d)
hereof.

ARTICLE XIV

GUARANTY

     Section 14.01 The Guaranty.

          (a) The US Borrower irrevocably and unconditionally, guarantees to each Canadian Tranche
Revolving Lender and the Administrative Agents and their respective successors and permitted
assigns the full and punctual payment of principal and interest on each Canadian Tranche Loan when
due, whether at maturity, by acceleration, by redemption or otherwise (the “Guaranteed
Obligations”).

          (b) The US Borrower further agrees that this Guaranty constitutes an absolute, irrevocable,
complete and continuing guarantee of payment, performance and compliance and not merely of
collection.

          (c) The obligations of the US Borrower to make any payment hereunder may be satisfied by
causing the Canadian Borrower to make such payment.

          (d) The US Borrower also agrees to pay any and all reasonable costs and expenses (including
reasonable attorneys’ fees incurred by any Applicable Administrative Agent or any Canadian Tranche
Revolving Lender in enforcing any of their respective rights under this Guaranty, laws or
otherwise) of each Applicable Administrative Agent or any Canadian Tranche Revolving Lender against
the Canadian Borrower or any other Person or against such Applicable Administrative Agent or any
Canadian Tranche Revolving Lender for their payments in respect of any amounts to any Canadian
Tranche Revolving Lender pursuant to the provisions of this Guaranty.

          (e) The US Borrower waives presentment to, demand of payment from and protest to the Canadian
Borrower of any of the Guaranteed Obligations, and also waives notice of acceptance of its
guarantee and notice of protest for nonpayment. The obligations of the US
Borrower hereunder shall not be affected by the failure of either of the Administrative Agents
or any Canadian Tranche Revolving Lender to assert any claim or demand or to enforce or exercise

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any right or remedy against the Canadian Borrower or any other Person under the provisions of this
Agreement, any other Loan Document or otherwise.

          (f) To the fullest extent permitted under applicable law, the obligations of the US Borrower
hereunder are absolute and unconditional and shall not be subject to any reduction, limitation,
impairment or termination for any reason (other than the payment in full in cash of all the
Guaranteed Obligations), including any claim of waiver, release, surrender, alteration or
compromise of any of the Guaranteed Obligations, and shall not be subject to any defense (other
than a defense of payment or performance), set-off, counterclaim, recoupment or termination
whatsoever by reason of the invalidity, illegality or unenforceability of the Guaranteed
Obligations or any Note, other Loan Document or otherwise.

          (g) The US Borrower waives any defense based on or arising out of any defense of the Canadian
Borrower or the unenforceability of the Guaranteed Obligations or any part thereof from any cause,
or the cessation from any cause of the liability of the Canadian Borrower, other than the final
payment in full in cash of all the Guaranteed Obligations.

          (h) To the fullest extent permitted under applicable law, this Guaranty shall continue to be
effective or be reinstated, as the case may be, if at any time any payment of the Guaranteed
Obligations is rescinded or must otherwise be returned by any of the Canadian Tranche Revolving
Lenders upon the insolvency, bankruptcy or reorganization of the Canadian Borrower or otherwise,
all as though such payment had not been made.

     Section 14.02 Subrogation. The US Borrower shall be subrogated to any of the rights (whether
contractual, under applicable laws or otherwise) of either of the Administrative Agents or any
Canadian Tranche Revolving Lender against the Canadian Borrower or any other Person for the
payments in respect of any amounts to any Canadian Tranche Revolving Lender pursuant to the
provisions of this Guaranty; provided, however, that the US Borrower shall not be
entitled to enforce, or to receive any payments arising out of or based upon, such right of
subrogation until all other Guaranteed Obligations shall have been paid in full and the Canadian
Allocated Aggregate Commitments terminated.

[Signatures Begin Next Page]

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The parties hereto have caused this Agreement to be duly executed as of the day and year first
above written.

	 	 	 	 	 	 	 
	US BORROWER AND	 	EXTERRAN HOLDINGS, INC.	 	 
	CANADIAN GUARANTOR:
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ J. Michael Anderson
 

J. Michael Anderson
	 	 
	 

	 	Title:
	 	Senior Vice President	 	 

Signature Page to Senior Secured Credit Agreement

 

 

	 	 	 	 	 	 	 	 	 
	CANADIAN BORROWER:	 	EXTERRAN CANADA, LIMITED PARTNERSHIP	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	EXTERRAN CANADIAN PARTNERSHIP HOLDINGS GP ULC,	 	 
	 	 	 	 	its general partner	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By:

Name:
	 	/s/ J. Michael Anderson
 

J. Michael Anderson
	 	 
	 

	 	 	 	Title:
	 	Senior Vice President	 	 

Signature Page to Senior Secured Credit Agreement

 

 

	 	 	 	 	 	 	 
	US ADMINISTRATIVE AGENT 

AND LENDER:	 	WACHOVIA BANK, NATIONAL

ASSOCIATION	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Todd Schanzlin
 

Todd Schanzlin
	 	 
	 

	 	Title:
	 	Vice President	 	 

Signature Page to Senior Secured Credit Agreement

 

 

	 	 	 	 	 	 	 
	CANADIAN ADMINISTRATIVE AGENT 

AND LENDER:	 	WACHOVIA CAPITAL FINANCE

CORPORATION (CANADA),	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Raymond N. Eghobamien
 

Raymond N. Eghobamien
	 	 
	 

	 	Title:
	 	Vice President	 	 

Signature Page to Senior Secured Credit Agreement

 

 

	 	 	 	 	 	 	 
	SYNDICATION AGENT, TERM LOAN 

LENDER AND US TRANCHE 

REVOLVING LENDER:	 	JPMORGAN CHASE BANK, N.A.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Dianne L. Russell
 

Dianne L. Russell
	 	 
	 

	 	Title:
	 	Vice President	 	 

Signature Page to Senior Secured Credit Agreement

 

 

	 	 	 	 	 	 	 
	CANADIAN TRANCHE REVOLVING 

LENDER:	 	JPMORGAN CHASE BANK, N.A.,
TORONTO BRANCH	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Dianne L. Russell
 

Dianne L. Russell
	 	 
	 

	 	Title:
	 	Vice President	 	 

Signature Page to Senior Secured Credit Agreement

 

 

	 	 	 	 	 	 	 
	DOCUMENTATION AGENT AND	 	BANK OF AMERICA, N.A.  

	US TRANCHE

	 	 
	 	 	 	 
	REVOLVING LENDER:

	 	By:
	 	/s/ Julie C. Vincent	 	 
	 

	 	 

Name:
	 	 

Julie C. Vincent	 	 
	 

	 	Title:
	 	Vice President	 	 

Signature Page to Senior Secured Credit Agreement

 

 

	 	 	 	 	 	 	 
	CANADIAN TRANCHE	 	BANK OF AMERICA, N.A.  

	REVOLVING LENDER:	 	(CANADA BRANCH)
	 
	 	 	 	 	 	 
	 

	 	By:

 

Name:
	 	/s/ Medina Sales de Andrade

 

Medina Sales de Andrade	 	 
	 

	 	Title:
	 	Vice President	 	 

Signature Page to Senior Secured Credit Agreement

 

 

	 	 	 	 	 	 	 
	TERM LOAN LENDER:	 	BANK OF AMERICA, N.A.  

	 
	 

	 	By:

 

Name:
	 	/s/ Julie C. Vincent
 

Julie C. Vincent	 	 
	 

	 	Title:
	 	Vice President	 	 

Signature Page to Senior Secured Credit Agreement

 

 

	 	 	 	 	 	 	 
	DOCUMENTATION AGENT AND	 	CALYON NEW YORK BRANCH  

	US TRANCHE

	 	 
	 	 	 	 
	REVOLVING LENDER:
	 	 	 	 	 	 
	 

	 	By:

 

Name:

Title:
	 	/s/ Dennis Petito

 

Dennis Petito

Managing Director	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

 

Name:
	 	/s/ Michael Willis

 

Michael Willis	 	 
	 

	 	Title:
	 	Director	 	 

Signature Page to Senior Secured Credit Agreement

 

 

	 	 	 	 	 	 	 
	TERM LOAN LENDER:	 	CALYON NEW YORK BRANCH  

	 
	 	 	 	 	 	 
	 

	 	By:

 

Name:

Title:
	 	/s/ Dennis Petito

 

Dennis Petito

Managing Director	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

 

Name:
	 	/s/ Michael Willis

 

Michael Willis	 	 
	 

	 	Title:
	 	Director	 	 

Signature Page to Senior Secured Credit Agreement

 

 

	 	 	 	 	 	 	 
	DOCUMENTATION AGENT AND	 	FORTIS CAPITAL CORP.  

	US TRANCHE

	 	 
	 	 	 	 
	REVOLVING LENDER:

	 	By:

 

Name:

Title:
	 	/s/ Svein Engh

 

Svein Engh

Managing Director	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

 

Name:
	 	/s/ Gloria Beloti-Fields

 

Gloria Beloti-Fields	 	 
	 

	 	Title:
	 	Vice President	 	 

Signature Page to Senior Secured Credit Agreement

 

 

	 	 	 	 	 	 	 
	CANADIAN TRANCHE	 	FORTIS CAPITAL CORP.  

	REVOLVING LENDER:

	 	 
	 	 	 	 
	 

	 	By:

 

Name:
	 	/s/ Svein Engh

 

Svein Engh	 	 
	 

	 	Title:
	 	Managing Director	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

 

Name:
	 	/s/ Gloria Beloti-Fields

 

Gloria Beloti-Fields	 	 
	 

	 	Title:
	 	Vice President	 	 

Signature Page to Senior Secured Credit Agreement

 

 

	 	 	 	 	 	 	 
	TERM LOAN LENDER:	 	FORTIS CAPITAL CORP.  

	 
	 	 	 	 	 	 
	 

	 	By:

 

Name:
	 	/s/ Svein Engh

 

Svein Engh	 	 
	 

	 	Title:
	 	Managing Director	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

 

Name:
	 	/s/ Gloria Beloti-Fields

 

Gloria Beloti-Fields	 	 
	 

	 	Title:
	 	Vice President	 	 

Signature Page to Senior Secured Credit Agreement

 

 

EXHIBIT A-1

FORM OF US REVOLVING NOTE

			
	 	 	 
	$                    
	 	                    , 20___

     FOR VALUE RECEIVED, EXTERRAN HOLDINGS, INC., a Delaware corporation (the “US
Borrower”), hereby promises to pay to ___(the “Lender”) or
registered assigns, at the principal office of WACHOVIA BANK, NATIONAL ASSOCIATION, as the US
Administrative Agent (the “US Administrative Agent”), at 301 South College Street,
Charlotte, North Carolina 28288-0608, the principal sum of ___US Dollars
($___) (or such lesser amount as shall equal the aggregate unpaid principal amount of the
US Tranche Loans made by the Lender to the US Borrower under the Credit Agreement, as hereinafter
defined), in lawful money of the United States of America and in immediately available funds, on
the dates and in the principal amounts provided in the Credit Agreement, and to pay interest on the
unpaid principal amount of each such US Tranche Loan, at such office, in like money and funds, for
the period commencing on the date of such US Tranche Loan until such US Tranche Loan shall be paid
in full, at the rates per annum and on the dates provided in the Credit Agreement.

     The date, amount, Type, interest rate, Interest Period and maturity of each US Tranche Loan
made by the Lender to the US Borrower, and each payment made on account of the principal thereof,
shall be recorded by the Lender on its books and, prior to any transfer of this Note, endorsed by
the Lender on the schedules attached hereto or any continuation thereof.

     This Note is one of the Notes referred to in the Senior Secured Credit Agreement dated as of
August 20, 2007, among the US Borrower, Exterran Canada, Limited Partnership, a Nova Scotia limited
partnership, as the Canadian Borrower, the US Administrative Agent, Wachovia Capital Finance
Corporation (Canada), as the Canadian Administrative Agent and the other Agents and Lenders parties
thereto (including the Lender) (as the same may be amended or supplemented from time to time, the
“Credit Agreement”), and evidences US Tranche Loans made by the Lender thereunder.
Capitalized terms used in this Note and not defined herein have the respective meanings assigned to
them in the Credit Agreement.

     This Note is issued pursuant to the Credit Agreement and is entitled to the benefits provided
for in the Credit Agreement and the Security Instruments. The Credit Agreement provides for the
acceleration of the maturity of this Note upon the occurrence of certain events and for prepayments
of US Tranche Loans upon the terms and conditions specified therein and other provisions relevant
to this Note.

EXHIBIT A-1 -1

 

     THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF
TEXAS.

	 	 	 	 	 	 	 
	 	 	EXTERRAN HOLDINGS, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 

EXHIBIT A-1 -2

 

EXHIBIT A-2

FORM OF CANADIAN REVOLVING NOTE

			
	 	 	 
	$                    
	 	                    , 20___

     FOR VALUE RECEIVED, EXTERRAN CANADA, LIMITED PARTNERSHIP, a Nova Scotia limited partnership
(the “Canadian Borrower”), hereby promises to pay to ___(the
“Lender”) or registered assigns, at the principal office of WACHOVIA CAPITAL FINANCE
CORPORATION (CANADA), as the Canadian Administrative Agent (the “Canadian Administrative
Agent”), at 141 Adelaide Street W., Suite 1500, Toronto, Ontario, Canada M5G 3L9, the principal
sum of ___US Dollars ($___) (or such lesser amount as
shall equal the aggregate unpaid principal amount of the Canadian Tranche Loans made by the Lender
to the Canadian Borrower under the Credit Agreement, as hereinafter defined), in lawful money of
Canada or the United States, as the case may be, and in immediately available funds, on the dates
and in the principal amounts and currency provided in the Credit Agreement, and to pay interest on
the unpaid principal amount of each such Canadian Tranche Loan, at such office, in like money and
funds, for the period commencing on the date of such Canadian Tranche Loan until such Canadian
Tranche Loan shall be paid in full, at the rates per annum and on the dates provided in the Credit
Agreement.

     The date, amount, Type, interest rate, Interest Period, currency and maturity of each Canadian
Tranche Loan made by the Lender to the Canadian Borrower, and each payment made on account of the
principal thereof, shall be recorded by the Lender on its books and, prior to any transfer of this
Note, endorsed by the Lender on the schedules attached hereto or any continuation thereof.

     This Note is one of the Notes referred to in the Senior Secured Credit Agreement dated as of
August 20, 2007, among Exterran Holdings, Inc., a Delaware corporation, as the US Borrower, the
Canadian Borrower, Wachovia Bank, National Association, as the US Administrative Agent, the
Canadian Administrative Agent and the other Agents and Lenders parties thereto (including the
Lender) (as the same may be amended or supplemented from time to time, the “Credit
Agreement”), and evidences Canadian Tranche Loans made by the Lender thereunder. Capitalized
terms used in this Note and not defined herein shall have the respective meanings assigned to them
in the Credit Agreement.

     This Note is issued pursuant to the Credit Agreement and is entitled to the benefits provided
for in the Credit Agreement and the Security Instruments. The Credit Agreement provides for the
acceleration of the maturity of this Note upon the occurrence of certain events and for prepayments
of Canadian Tranche Loans upon the terms and conditions specified therein and other provisions
relevant to this Note.

EXHIBIT A-2 -1

 

     THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF
TEXAS.

	 	 	 	 	 	 	 	 	 
	 	 	EXTERRAN CANADA, LIMITED PARTNERSHIP	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	EXTERRAN CANADIAN PARTNERSHIP

HOLDINGS GP ULC, its General Partner	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By:	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 	 	 

EXHIBIT A-2 -2

 

EXHIBIT A-3

FORM OF TERM NOTE

			
	 	 	 
	$                    
	 	                    , 20___

     FOR VALUE RECEIVED, EXTERRAN HOLDINGS, INC., a Delaware corporation (the “US
Borrower”), hereby promises to pay to ___(the “Lender”) or
registered assigns, at the principal office of WACHOVIA BANK, NATIONAL ASSOCIATION, as the US
Administrative Agent (the “US Administrative Agent”), at 301 South College Street,
Charlotte, North Carolina 28288-0608, the principal sum of ___US Dollars
($___) (or such lesser amount as shall equal the aggregate unpaid principal amount of the
Term Loans made by the Lender to the US Borrower under the Credit Agreement, as hereinafter
defined), in lawful money of the United States of America and in immediately available funds, on
the dates and in the principal amounts provided in the Credit Agreement, and to pay interest on the
unpaid principal amount of such Term Loan, at such office, in like money and funds, for the period
commencing on the date of such Term Loan until such Term Loan shall be paid in full, at the rates
per annum and on the dates provided in the Credit Agreement.

     The date, amount, Type, interest rate, Interest Period and maturity of each Term Loan made by
the Lender to the US Borrower, and each payment made on account of the principal thereof, shall be
recorded by the Lender on its books and, prior to any transfer of this Note, endorsed by the Lender
on the schedules attached hereto or any continuation thereof.

     This Note is one of the Notes referred to in the Senior Secured Credit Agreement dated as of
August 20, 2007, among the US Borrower, Exterran Canada, Limited Partnership, a Nova Scotia limited
partnership, as the Canadian Borrower, the US Administrative Agent, Wachovia Capital Finance
Corporation (Canada), as the Canadian Administrative Agent and the other Agents and Lenders parties
thereto (including the Lender) (as the same may be amended or supplemented from time to time, the
“Credit Agreement”), and evidences the Term Loan made by the Lender thereunder.
Capitalized terms used in this Note and not defined herein shall have the respective meanings
assigned to them in the Credit Agreement.

     This Note is issued pursuant to the Credit Agreement and is entitled to the benefits provided
for in the Credit Agreement and the Security Instruments. The Credit Agreement provides for the
acceleration of the maturity of this Note upon the occurrence of certain events and for prepayments
of the Term Loan upon the terms and conditions specified therein and other provisions relevant to
this Note.

     THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF
TEXAS.

	 	 	 	 	 	 	 
	 	 	EXTERRAN HOLDINGS, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:	 	 	 	 
	 

	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 

EXHIBIT A-3 -1

 

EXHIBIT A-4

FORM OF BA EQUIVALENT NOTE

			
	 	 	 
	$                    
	 	                    , 20___

     FOR VALUE RECEIVED, EXTERRAN CANADA, LIMITED PARTNERSHIP, a Nova Scotia limited partnership
(the “Canadian Borrower”), hereby promises to pay to ___(the
“Lender”) or registered assigns, at the principal office of WACHOVIA CAPITAL FINANCE
CORPORATION (CANADA), as the Canadian Administrative Agent (the “Canadian Administrative
Agent”), at 141 Adelaide Street W., Suite 1500, Toronto, Ontario, Canada M3H 3L9, the principal
sum of ___Canadian Dollars (C$___), in lawful money
of Canada and in immediately available funds, on ___, ___.

     This BA Equivalent Note is one of the BA Equivalent Notes referred to in the Senior Secured
Credit Agreement dated as of August 20, 2007, among Exterran Holdings, Inc., a Delaware
corporation, as the US Borrower, the Canadian Borrower, Wachovia Bank, National Association, as the
US Administrative Agent, Wachovia Capital Finance Corporation (Canada), as the Canadian
Administrative Agent and the other Agents and Lenders parties thereto (including the Lender) (as
the same may be amended or supplemented from time to time, the “Credit Agreement”), and
evidences BA Equivalent Loans made by the Lender thereunder. Capitalized terms used in this BA
Equivalent Note and not defined herein shall have the respective meanings assigned to them in the
Credit Agreement.

     This BA Equivalent Note is issued pursuant to the Credit Agreement and is entitled to the
benefits provided for in the Credit Agreement and the Security Instruments. The Credit Agreement
provides for the acceleration of the maturity of this BA Equivalent Note upon the occurrence of
certain events and for prepayments of BA Equivalent Loans upon the terms and conditions specified
therein.

EXHIBIT A-4 -1

 

     THIS BA EQUIVALENT NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF
THE STATE OF TEXAS.

	 	 	 	 	 	 	 	 	 
	 	 	EXTERRAN CANADA, LIMITED PARTNERSHIP	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	EXTERRAN CANADIAN PARTNERSHIP

HOLDINGS GP ULC, its General Partner	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By:	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	Name:	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 	 	 

EXHIBIT A-4 -2

 

EXHIBIT B — 1

FORM OF US BORROWING, CONTINUATION AND CONVERSION REQUEST

                    , 20___

     EXTERRAN HOLDINGS, INC., a Delaware corporation (the “US Borrower”), pursuant to the
Senior Secured Credit Agreement dated as of August 20, 2007, among the US Borrower, Exterran
Canada, Limited Partnership, a Nova Scotia limited partnership, as the Canadian Borrower, Wachovia
Bank, National Association, as the US Administrative Agent, Wachovia Capital Finance Corporation
(Canada), as the Canadian Administrative Agent and the other Agents and Lenders parties thereto (as
the same may be amended or supplemented from time to time, the “Credit Agreement”), hereby
make the requests indicated below (unless otherwise defined herein, capitalized terms are defined
in the Credit Agreement):

     1. US Tranche Loans:

(a) Aggregate amount of new US Tranche Loans to be borrowed is
$                    ;

(b) Requested funding date is                     , ___;

(c) $                     of such US Tranche Borrowings are to be US Dollar Base
Rate Loans;

(d) $                     of such US Tranche Borrowings are to be US Dollar LIBOR
Loans;

(i) Length of Interest Period for US Dollar LIBOR Loans is:                                         .

(e) $                     of such US Tranche Borrowings are to be US Dollar Libor
Reference Rate Loans; and

(f) The location and number of the account is:

                                                            .

     2. US Dollar LIBOR Loan Continuation/Conversion for US Dollar LIBOR Loans maturing on
                    :

(a) Aggregate amount to be continued as US Dollar LIBOR Loans is
$                    ; and

(i) Length of Interest Period for continued US Dollar LIBOR Loans is
                    .

(b) Aggregate amount to be converted to US Dollar Base Rate Loans is
$                    .

 Exhibit B-1 - 1

 

     3. Conversion of outstanding US Dollar Base Rate Loans to US Dollar LIBOR Loans:

(a) Convert $                     of the outstanding US Dollar Base Rate Loans to US
Dollar LIBOR Loans on                      with an Interest Period of
                    .

     4. Term Loans:

(a) Aggregate amount of [new] [Additional] Term Loans to be borrowed is
$                    ;

(b) Requested funding date is                     , ___;

(c) $                     of such [Additional] Term Loan Borrowings are to be US
Dollar Base Rate Loans;

(d) $                     of such [Additional] Term Loan Borrowings are to be US
Dollar LIBOR Loans;

(i) Length of Interest Period for US Dollar LIBOR Loans is:
                    ; and

(e) The location and number of the account is:

                                                            .

     The undersigned certifies that he is the                      of                     , and that
as such he is authorized to execute this certificate on behalf of                     . The
undersigned further certifies, represents and warrants on behalf of                      that
                     is entitled to receive the requested Borrowing, continuation or conversion under
the terms and conditions of the Credit Agreement.

	 	 	 	 	 	 	 
	 	 	EXTERRAN HOLDINGS, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	Name:
	 	 

	 	 
	 

	 	Title:
	 	 

	 	 
	 

	 	 	 	 

	 	 

 Exhibit B-1 - 2

 

EXHIBIT B – 2

FORM OF CANADIAN BORROWING, CONTINUATION 

AND CONVERSION REQUEST

                    , 20___

     EXTERRAN CANADA, LIMITED PARTNERSHIP, a Nova Scotia limited partnership (the “Canadian
Borrower”), pursuant to the Senior Secured Credit Agreement dated as of August 20, 2007, among
the Canadian Borrower, Exterran Holdings, Inc., a Delaware corporation, as the US Borrower,
Wachovia Bank, National Association, as the US Administrative Agent, Wachovia Capital Finance
Corporation (Canada), as the Canadian Administrative Agent and the other Agents and Lenders parties
thereto (as the same may be amended or supplemented from time to time, the “Credit
Agreement”), hereby makes the requests indicated below (unless otherwise defined herein,
capitalized terms are defined in the Credit Agreement):

     1. New Canadian Tranche Loans:

(a) Aggregate amount of new Canadian Tranche Loans to be borrowed is
$                    ;

(b) Requested funding date is                     , ___;

(c) $                     of such Canadian Tranche Borrowings are to be US Dollar
Base Rate Loans;

(d) $                     of such Canadian Tranche Borrowings are to be US Dollar
LIBOR Loans;

(i) Length of Interest Period for US Dollar LIBOR Loans is:
                    .

(e) $                     of such Canadian Tranche Borrowings are to be Canadian
Prime Rate Loans;

(f) $                     of such Canadian Tranche Borrowings are to be Bankers’
Acceptances or BA Equivalent Loans; and

(i) The Acceptance Date with respect to Bankers’ Acceptances and BA
Equivalent Loans is:                     ; and

(ii) The maturity date with respect to Bankers’ Acceptances and BA
Equivalent Loans is (integral multiples of 30 days up to 180 days from the
Acceptance Date):                     .

(g) The location and number of the account is:

                                                            .

 Exhibit B-2 - 1

 

     2. US Dollar LIBOR Loan Continuation/Conversion for US Dollar LIBOR Loans maturing on
                    :

(a) Aggregate amount to be continued as US Dollar LIBOR Loans is
$                    ;

(i) Length of Interest Period for continued US Dollar LIBOR Loans is
                    .

(b) Aggregate amount to be converted to US Dollar Base Rate Loans is
$                    ;

(c) Aggregate amount to be converted to Canadian Prime Rate Loans is
$                    ; and

(d) Aggregate amount to be converted to Bankers’ Acceptances or BA Equivalent Loans
is $                    .

(i) The Acceptance Date with respect to Bankers’ Acceptances and BA
Equivalent Loans is:                     ; and

(ii) The maturity date with respect to Bankers’ Acceptances and BA
Equivalent Loans is (integral multiples of 30 days up to 180 days from the
Acceptance Date):                     .

     3. US Dollar Base Rate Loan Conversion for US Dollar Base Rate Loans:

(a) Aggregate amount to be converted to US Dollar LIBOR Loans is:

$                                        ;

(i) Length of Interest Period for continued US Dollar LIBOR Loans is
                                        .

(b) Aggregate amount to be converted to Canadian Prime Rate Loans is
$                    ; and

(c) Aggregate amount to be converted to Bankers’ Acceptances or BA Equivalent Loans
is $                    .

(i) The Acceptance Date with respect to Bankers’ Acceptances and BA
Equivalent Loans is:                     ; and

(ii) The maturity date with respect to Bankers’ Acceptances and BA
Equivalent Loans is (integral multiples of 30 days up to 180 days from the
Acceptance Date):                     .

     4. Canadian Prime Rate Loan Conversion for Canadian Prime Rate Loans:

 Exhibit B-2 - 2

 

(a) Aggregate amount to be converted to Bankers’ Acceptances or BA Equivalent Loans
is $                    .

(i) The Acceptance Date with respect to Bankers’ Acceptances and BA
Equivalent Loans is:                     ; and

(ii) The maturity date with respect to Bankers’ Acceptances and BA
Equivalent Loans is (integral multiples of 30 days up to 180 days from the
Acceptance Date):                     .

(b) Aggregate amount to be converted to US Dollar LIBOR Loans is
$                    ; and

(i) Length of Interest Period for converted US Dollar LIBOR Loans is
                    .

(c) Aggregate amount to be converted to US Dollar Base Rate Loans is
$                    ;

5. Bankers’ Acceptances and BA Equivalent Loan Conversion for Bankers’ Acceptances and BA
Equivalent Loans with a maturity date of                     :

(a) Aggregate amount to be converted to Canadian Prime Rate Loans is
$                    .

 Exhibit B-2 - 3

 

     The undersigned certifies that he is the                      of                     , and that
as such he is authorized to execute this certificate on behalf of                     . The
undersigned further certifies, represents and warrants on behalf of                      that
                     is entitled to receive the requested Borrowing, continuation or conversion under
the terms and conditions of the Credit Agreement.

	 	 	 	 	 	 	 
	 	 	EXTERRAN CANADA, LIMITED PARTNERSHIP	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	Name:
	 	 

	 	 
	 

	 	Title:
	 	 

	 	 
	 

	 	 	 	 

	 	 

 Exhibit B-2 - 4

 

EXHIBIT C-1

FORM OF COMPLIANCE CERTIFICATE

     The undersigned hereby certifies that he is the                      of EXTERRAN HOLDINGS, INC., a
Delaware corporation (the “US Borrower”) and that as such he is authorized to execute this
certificate on behalf of US Borrower. With reference to the Senior Secured Credit Agreement dated
as of August 20, 2007, among the US Borrower, Exterran Canada, Limited Partnership, a Nova Scotia
limited partnership (the “Canadian Borrower”), Wachovia Bank, National Association, as the
US Administrative Agent (the “US Administrative Agent”), Wachovia Capital Finance
Corporation (Canada), as the Canadian Administrative Agent (the “Canadian Administrative
Agent”) and the other Agents and Lenders parties thereto (as the same may be amended or
supplemented from time to time, the “Credit Agreement”), the undersigned represents and
warrants as follows (each capitalized term used herein having the same meaning given to it in the
Credit Agreement unless otherwise specified):

(a) The representations and warranties of the US Borrower and the Canadian Borrower
contained in ARTICLES VII and VIII of the Credit Agreement and in the Security Instruments
were true and correct when made, and are repeated at and as of the time of delivery hereof
and are true and correct at and as of the time of delivery hereof, except as such
representations and warranties are expressly limited to an earlier date or are modified to
give effect to the transactions expressly permitted by the Credit Agreement.

(b) The US Borrower and the Canadian Borrower have performed and complied with all
agreements and conditions contained in the Credit Agreement and in the Security Instruments
required to be performed or complied with by it prior to or at the time of delivery hereof.

(c) Since December 31, 2006, there has been no change or event having a Material Adverse
Effect.

(d) No Default has occurred and is continuing under the Credit Agreement.

 Exhibit C - 1 - 1

 

EXECUTED
AND DELIVERED this ___ day of ___.

	 	 	 	 	 	 	 
	 	 	EXTERRAN HOLDINGS, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	Name:
	 	 

	 	 
	 

	 	Title:
	 	 

	 	 
	 

	 	 	 	 

	 	 

 Exhibit C - 1 - 2

 

EXHIBIT C-2

FORM OF COMPLIANCE CERTIFICATE

     The undersigned hereby certifies that he is the                      of EXTERRAN HOLDINGS, INC., a
Delaware corporation (the “US Borrower”) and that as such he is authorized as a Responsible
Officer to execute this certificate on behalf of the US Borrower. With reference to the Senior
Secured Credit Agreement dated as of August 20, 2007, among the US Borrower, Exterran Canada,
Limited Partnership, a Nova Scotia limited partnership (the “Canadian Borrower”), Wachovia
Bank, National Association, as US Administrative Agent (the “US Administrative Agent”),
Wachovia Capital Finance Corporation (Canada), as the Canadian Administrative Agent (the
“Canadian Administrative Agent”) and the other Agents and Lenders parties thereto (as the
same may be amended or supplemented from time to time, the “Credit Agreement”), the
undersigned represents and warrants as follows (each capitalized term used herein having the same
meaning given to it in the Credit Agreement unless otherwise specified):

(a) No Default has occurred and is continuing under the Credit Agreement.

(b) The financial statements furnished to the US Administrative Agent with this certificate
fairly in all material respects present the consolidated financial condition and results of
operations of the US Borrower and its Consolidated Subsidiaries as at the end of, and for,
the [fiscal quarter] [fiscal year] ending                      and such financial
statements have been approved in accordance with the accounting procedures specified in the
Credit Agreement.

(c) Annex I hereto sets forth in reasonable detail computations necessary to
determine whether the US Borrower is in compliance with Section 10.13 of the Credit
Agreement as of the end of the [fiscal quarter] [fiscal year] ending
                    .

(d) Annex II hereto sets forth in reasonable detail computations reasonably
satisfactory to the US Administrative Agent necessary to determine compliance with Section
10.14(k) of the Credit Agreement as of the end of the [fiscal quarter] [fiscal year] ending
                    .

EXECUTED AND DELIVERED this ____ day of ______________.

	 	 	 	 	 	 	 
	 	 	EXTERRAN HOLDINGS, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	Name:
	 	 

	 	 
	 

	 	Title:
	 	 

	 	 
	 

	 	 	 	 

	 	 

 Exhibit C - 2 - 1

 

EXHIBIT D

List of Security Instruments

	1.	 	Deed of Trust, Security Agreement, Assignment of Rents and Leases, Fixture Filing and Financing
Statement dated as of August 20, 2007, executed by Exterran, Inc., covering that certain real
property located at 4444 Brittmoore Road, Houston, Texas 77041.
	 
	2.	 	The Guaranty by the US Borrower in support of the obligations of the Canadian Borrower
contained in Article XIV of the Credit Agreement.
	 
	3.	 	US Guaranty Agreement dated as of August 20, 2007 among Exterran, Inc., EI Leasing LLC, UCI
MLP LP LLC, Exterran Energy Solutions, L.P. and each of the Subsidiary Guarantors that become
a party thereto, in favor of the US Administrative Agent.
	 
	4.	 	US Pledge Agreement (Pledge and Assignment) dated as of August 20, 2007 among Exterran
Holdings, Inc., Exterran, Inc., Exterran Energy Solutions, L.P., Hanover Compression General
Holdings LLC, Hanover HL, LLC, Enterra Compression Investment Company, UCI MLP LP LLC, UCO
General Partner, LP, UCI GP LP LLC, UCO GP, LLC and each of the Subsidiaries that become a
party thereto, in favor of the US Administrative Agent covering:

	 	a.	 	100% of the Equity Interests of the following US Domestic Subsidiaries:

	 	(i)	 	Exterran, Inc.
	 
	 	(ii)	 	EI Leasing LLC
	 
	 	(iii)	 	Exterran Energy Solutions, L.P.
	 
	 	(iv)	 	UCI MLP LP LLC
	 
	 	(v)	 	UCI GP LP LLC
	 
	 	(vi)	 	UCO GP, LLC
	 
	 	(vii)	 	UCO General Partner, LP

	 	b.	 	65% of the Equity Interests of the following first tier Foreign Subsidiaries:

	 	(i)	 	Hanover Argentina S.A.
	 
	 	(ii)	 	Hanover Compressor Holding Company NL B.V.
	 
	 	(iii)	 	Universal Compression International Holdings, S.L.U.
	 
	 	(iv)	 	Hanover Venezuela, C.A.

	 	c.	 	UCI MLP LP LLC’s pledge of 100% of its ownership of the LP Units of EPLP.
	 
	 	d.	 	UCO General Partner, LP’s pledge of 100% of its ownership of the Subordinated
Units of EPLP.

	5.	 	UCC Financing Statements relating to Equity Interests in Item 4.
	 
	6.	 	Stock Powers, if applicable, relating to Equity Interests in Item 4.

Exhibit D - 1

 

	7.	 	Original certificates representing Equity Interests in Item 4, if applicable.
	 
	8.	 	US Collateral Agreement dated as of August 20, 2007 among the US Borrower, EXTERRAN, INC.,
EXTERRAN ENERGY SOLUTIONS, L.P., EI LEASING LLC, UCI MLP LP LLC and each of the Subsidiaries
that become a party thereto in favor of the US Administrative Agent.
	 
	9.	 	UCC Financing Statements relating to Collateral in Item 8.
	 
	10.	 	Canadian Collateral Agreement dated as of August 20, 2007 among the Canadian Borrower and the
Canadian Administrative Agent.
	 
	11.	 	UCC Financing Statement relating to Collateral in Item 10.
	 
	12.	 	Personal Property Security Act Financing Statements relating to Collateral in Item 10.

Exhibit D - 2

 

EXHIBIT E

FORM OF ASSIGNMENT AGREEMENT

NOTE: IF ASSIGNOR OR A BRANCH OR AN AFFILIATE OF ASSIGNOR IS A LENDER UNDER A US TRANCHE COMMITMENT
OR A CANADIAN TRANCHE COMMITMENT, SUCH AFFILIATE MUST ASSIGN AN EQUAL PRO RATA AMOUNT OF ITS
RESPECTIVE COMMITMENT PURSUANT TO THIS FORM.

          This ASSIGNMENT AGREEMENT (“Agreement”) dated as of                     ,
                    between:                      (the “Assignor”) and
                     (the “Assignee”).

RECITALS

	A.	 	The Assignor is a party to the Senior Secured Credit Agreement dated as of August 20, 2007
(as the same may be amended or supplemented from time to time, the “Credit Agreement”)
among Exterran Holdings, Inc, a Delaware corporation (the “US Borrower”, and in its
capacity as guarantor of the Canadian Borrower, the “Canadian Guarantor”); Exterran
Canada, Limited Partnership, a Nova Scotia limited partnership (the “Canadian
Borrower”); Wachovia Bank, National Association, individually and as the US Administrative
Agent (herein, together with its successors in such capacity, the “US Administrative
Agent”); Wachovia Capital Finance Corporation (Canada), individually and as the Canadian
Administrative Agent (herein, together with its successors in such capacity, the “Canadian
Administrative Agent”); and the other Agents and lenders parties thereto or which become a
signatory hereto pursuant to Section 13.06 (individually, together with their
successors and assigns, a “Lender” and, collectively, the “Lenders”).
	 
	B.	 	The Assignor proposes to sell, assign and transfer to the Assignee, and the Assignee proposes
to purchase and assume from the Assignor, the Assigned Interests, all on the terms and
conditions of this Agreement.
	 
	C.	 	In consideration of the foregoing and the mutual agreements contained herein, and for other
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged,
the parties hereto agree as follows:

ARTICLE I

Definitions

          Section 1.01. Definitions. All capitalized terms used but not defined herein have the
respective meanings given to such terms in the Credit Agreement.

          Section 1.02. Other Definitions. As used herein, the following terms have the
following respective meanings:

 Exhibit E - 1

 

          “Assigned Interest” shall mean:

	 	 	 	 	 
	 

	 	US Tranche Commitment
	 	$                    
	 

	 	Canadian Allocated Maximum Total Commitment
	 	$                    
	 

	 	Canadian Allocated Commitment
	 	$                    

	 	 	 	 	 
	 

	 	US Tranche Credit Exposure:	 	 
	 

	 	US Dollar LIBOR Loans
	 	$                     outstanding
	 

	 	US Base Rate Loans
	 	$                     outstanding
	 

	 	LC Exposure
	 	$                     outstanding

	 	 	 	 	 
	 

	 	Canadian Tranche Credit Exposure:	 	 
	 

	 	Canadian Prime Rate Loans
	 	C$                     outstanding
	 

	 	US Dollar Base Rate Loans
	 	$                     outstanding
	 

	 	US Dollar LIBOR Loans
	 	$                     outstanding
	 

	 	Bankers’ Acceptances or BA Equivalent Loans
	 	C$                     outstanding

	 	 	 	 	 
	 

	 	Term Credit Exposure:	 	 
	 

	 	US Dollar Base Rate Loans
	 	$                     outstanding
	 

	 	US Dollar LIBOR Loans
	 	$                     outstanding

     “Assignment Date” shall mean                     , ___.

ARTICLE II

Sale and Assignment

     Section 2.01. Sale and Assignment. On the terms and conditions set forth herein,
effective on and as of the Assignment Date, the Assignor hereby sells, assigns and transfers to the
Assignee, and the Assignee hereby purchases and assumes from the Assignor, all of the right, title
and interest of the Assignor in and to, and all of the obligations of the Assignor in respect of,
the Assigned Interest. Such sale, assignment and transfer is without recourse and, except as
expressly provided in this Agreement, without representation or warranty.

     Section 2.02. Assumption of Obligations. The Assignee agrees with the Assignor (for
the express benefit of the Assignor and the Applicable Borrower) that the Assignee will, from and
after the Assignment Date, perform all of the obligations of the Assignor in respect of the
Assigned Interest. From and after the Assignment Date: (a) the Assignor shall be released from
the Assignor’s obligations in respect of the Assigned Interest, and (b) the Assignee shall be
entitled to all of the Assignor’s rights, powers and privileges under the Credit Agreement and the
other Security Instruments in respect of the Assigned Interest.

     Section 2.03. Consent Required. By executing this Agreement as provided below, in
accordance with Section 13.06(b) of the Credit Agreement, to the extent required, the US
Administrative Agent, the Issuing Banks and (unless an Event of Default has occurred or is
continuing) the US Borrower hereby acknowledge notice of the transactions contemplated by this
Agreement and consents to such transactions.

 Exhibit E - 2

 

ARTICLE III

Payments

     Section 3.01. Payments. As consideration for the sale, assignment and transfer
contemplated by Section 2.01 hereof, the Assignee shall, on the Assignment Date, assume
Assignor’s obligations in respect of the Assigned Interest and pay to the Assignor an amount
equal to the outstanding Loans, if any[; provided that any outstanding Bankers’ Acceptances
or BA Equivalent Notes shall either be held to maturity by the Assignor or Assignee shall pay a
discounted amount as determined by Assignor and Assignee]. An amount equal to all accrued and
unpaid interest and fees shall be paid to the Assignor as provided in Section 3.02(iii)
below. Except as otherwise provided in this Agreement, all payments hereunder shall be made in the
applicable currency set forth in Section 1.02 and in immediately available funds, without
setoff, deduction or counterclaim.

     Section 3.02. Allocation of Payments. The Assignor and the Assignee agree that (i)
the Assignor shall be entitled to any payments of principal with respect to the Assigned Interest
made prior to the Assignment Date, together with any interest and fees with respect to the Assigned
Interest accrued prior to the Assignment Date, (ii) the Assignee shall be entitled to any payments
of principal with respect to the Assigned Interest made from and after the Assignment Date,
together with any and all interest and fees with respect to the Assigned Interest accruing from and
after the Assignment Date and (iii) the Applicable Administrative Agent is authorized and
instructed to allocate payments received by it for account of the Assignor and the Assignee as
provided in the foregoing clauses. Each party hereto agrees that it will hold any interest, fees
or other amounts that it may receive to which the other party hereto shall be entitled pursuant to
the preceding sentence for account of such other party and pay, in like money and funds, any such
amounts that it may receive to such other party promptly upon receipt.

     Section 3.03. Delivery of Notes. Promptly following the receipt by the Assignor of
the consideration required to be paid under Section 3.01 hereof, the Assignor shall, in the
manner contemplated by Section 13.06(b) of the Credit Agreement, (i) deliver to the Applicable
Administrative Agent (or its counsel) the Note(s) and any Bankers’ Acceptances and BA Equivalent
Note(s) (if applicable with any necessary indemnity to be agreed among the Assignor and the
Assignee) held by the Assignor and (ii) notify the Applicable Administrative Agent to request that
the Applicable Borrower execute and deliver new Notes to the Assignor, if Assignor continues to be
a Lender, and the Assignee, dated the date of this Agreement in respective principal amounts equal
to the respective [US Tranche/Canadian Allocated Maximum Total] Commitment [and outstanding Term
Loan] of the Assignor (if appropriate) and the Assignee after giving effect to the sale, assignment
and transfer contemplated hereby.

     Section 3.04. Further Assurances. The Assignor and the Assignee hereby agree to
execute and deliver such other instruments, and take such other actions, as either party may
reasonably request in connection with the transactions contemplated by this Agreement.

 Exhibit E - 3

 

ARTICLE IV

Conditions Precedent.

     Section 4.01. Conditions Precedent. The effectiveness of the sale, assignment and
transfer contemplated hereby is subject to the satisfaction of each of the following conditions
precedent:

     (a) the execution and delivery of this Agreement by the Assignor and the Assignee;

     (b) the receipt by the Assignor of the payment required to be made by the Assignee under
Section 3.01 hereof;

     (c) the representations and warranties herein are true and correct; and

     (d) to the extent required, the acknowledgment and consent by the Applicable Administrative
Agent, the Issuing Banks and the US Borrower contemplated by Section 2.03 hereof.

ARTICLE V

Representations and Warranties

     Section 5.01. Representations and Warranties of the Assignor. The Assignor represents
and warrants to the Assignee as follows:

     (a) it has all requisite power and authority, and has taken all action necessary to execute
and deliver this Agreement and to fulfill its obligations under, and consummate the transactions
contemplated by, this Agreement;

     (b) the execution, delivery and compliance with the terms hereof by Assignor and the delivery
of all instruments required to be delivered by it hereunder do not and will not violate any
Governmental Requirement applicable to it and this assignment complies with Section 13.06 of the
Credit Agreement;

     (c) this Agreement has been duly executed and delivered by it and constitutes the legal, valid
and binding obligation of the Assignor, enforceable against it in accordance with its terms;

     (d) all approvals and authorizations of, all filings with and all actions by any Governmental
Authority necessary for the validity or enforceability of its obligations under this Agreement have
been obtained; and

     (e) the Assignor has good title to, and is the sole legal and beneficial owner of, the
Assigned Interest, free and clear of all Liens, claims, participations or other charges of any
nature whatsoever.

     Section 5.02. Disclaimer. Except as expressly provided in Section 5.01
hereof, the Assignor does not make any representation or warranty, nor shall it have any
responsibility to the Assignee, with respect to the accuracy of any recitals, statements,
representations or warranties

 Exhibit E - 4

 

contained in the Credit Agreement or in any certificate or other document referred to or
provided for in, or received by any Lender under, the Credit Agreement, or for the value, validity,
effectiveness, genuineness, execution, effectiveness, legality, enforceability or sufficiency of
the Credit Agreement, the Notes or any other document referred to or provided for therein or for
any failure by the Borrowers or any other Person (other than Assignor) to perform any of its
obligations thereunder prior or for the existence, value, perfection or priority of any collateral
security or the financial or other condition of the Borrowers or the Subsidiaries or any other
obligor or guarantor, or any other matter relating to the Credit Agreement or any other Security
Instrument or any extension of credit thereunder.

     Section 5.03. Representations and Warranties of the Assignee. The Assignee represents
and warrants to the Assignor as follows:

     (a) it has all requisite power and authority, and has taken all action necessary to execute
and deliver this Agreement and to fulfill its obligations under, and consummate the transactions
contemplated by, this Agreement;

     (b) the execution, delivery and compliance with the terms hereof by Assignee and the delivery
of all instruments required to be delivered by it hereunder do not and will not violate any
Governmental Requirement applicable to it and this assignment complies with Section 13.06 of the
Credit Agreement;

     (c) this Agreement has been duly executed and delivered by it and constitutes the legal, valid
and binding obligation of the Assignee, enforceable against it in accordance with its terms;

     (d) all approvals and authorizations of, all filings with and all actions by any Governmental
Authority necessary for the validity or enforceability of its obligations under this Agreement have
been obtained;

     (e) the Assignee is not a competitor of the US Borrower or any of its Subsidiaries;

     (f) the Assignee has fully reviewed the terms of the Credit Agreement and the other Security
Instruments and has independently and without reliance upon the Assignor, and based on such
information as the Assignee has deemed appropriate, made its own credit analysis and decision to
enter into this Agreement; and

     (g) the Assignee hereby affirms that the representations contained in Section 4.06(d)[(i)]
[(vi)] of the Credit Agreement are true and accurate as to it [IF (i) IS SELECTED ADD: and, the
Assignee has contemporaneously herewith delivered to the US Administrative Agent and the US
Borrower such certifications as are required thereby to avoid the withholding taxes referred to in
Section 4.06 of the Credit Agreement].

ARTICLE VI

Miscellaneous

     Section 6.01. Notices. All notices and other communications provided for herein
(including, without limitation, any modifications of, or waivers, requests or consents under, this

 Exhibit E - 5

 

Agreement) shall be given or made in writing (including, without limitation, by telex or
telecopy) to the intended recipient at its “Address for Notices” specified below its name on the
signature pages hereof or, as to either party, at such other address as shall be designated by such
party in a notice to the other party.

     Section 6.02. Amendment, Modification or Waiver. No provision of this Agreement may
be amended, modified or waived except by an instrument in writing signed by the Assignor and the
Assignee, and consented to by the US Administrative Agent and (unless an Event of Default has
occurred or is continuing) the US Borrower.

     Section 6.03. Successors and Assigns. This Agreement shall be binding upon and inure
to the benefit of the parties hereto and their respective successors and permitted assigns. The
representations and warranties made herein by the Assignee are also made for the benefit of the
Applicable Administrative Agent and the [US/Canadian] Borrower, and the Assignee agrees that the
Applicable Administrative Agent and the [US/Canadian] Borrower are entitled to rely upon such
representations and warranties.

     Section 6.04. Assignments. Neither party hereto may assign any of its rights or
obligations hereunder except in accordance with the terms of the Credit Agreement.

     Section 6.05. Captions. The captions and section headings appearing herein are
included solely for convenience of reference and are not intended to affect the interpretation of
any provision of this Agreement.

     Section 6.06. Counterparts. This Agreement may be executed in any number of
counterparts, each of which shall be identical and all of which, taken together, shall constitute
one and the same instrument, and each of the parties hereto may execute this Agreement by signing
any such counterpart.

     Section 6.07. Governing Law. This Agreement shall be governed by, and construed in
accordance with, the law of the State of Texas.

     Section 6.08. Expenses. To the extent not paid by the [US/Canadian] Borrower pursuant
to the terms of the Credit Agreement, each party hereto shall bear its own expenses in connection
with the execution, delivery and performance of this Agreement.

     Section 6.09. Waiver of Jury Trial. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY
WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL
PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY.

[Signatures Begin Next Page]

 Exhibit E - 6

 

     IN WITNESS WHEREOF, the parties hereto have caused this Assignment Agreement to be executed
and delivered as of the date first above written.

	 	 	 	 	 	 	 	 	 
	 	 	ASSIGNOR:	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 

	 	Name:	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	Address for Notices:	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	Telecopier No.:	 	 

	 	 
	 	 	Telephone No.:	 	 

	 	 
	 	 	Attention:	 	 	 	 
	 

	 	 	 	 	 	 

	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	ASSIGNEE:	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 

	 	Name:	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	Address for Notices:	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	Telecopier No.:	 	 

	 	 
	 	 	Telephone No.:	 	 

	 	 
	 	 	Attention:	 	 	 	 
	 

	 	 	 	 	 	 

	 	 

 Exhibit E - 1

 

ACKNOWLEDGED AND CONSENTED TO:

WACHOVIA BANK, NATIONAL ASSOCIATION,

as US Administrative Agent and Issuing Bank

	 	 	 	 	 	 	 
	By:
	 	 	 	 	 	 
	 	 	 	 	 
	Name:
	 	 	 	 	 	 
	 	 	 	 	 
	Title:

	 	 	 	 	 	 
	 

	 	 	 	 
	 
	 	 	 	 	 	 
	JPMORGAN CHASE BANK, N.A.,	 	 	 	 
	as Issuing Bank	 	 	 	 
	 
	 	 	 	 	 	 
	By:
	 	 	 	 	 	 
	 	 	 	 	 
	Name:
	 	 	 	 	 	 
	 	 	 	 	 
	Title:

	 	 	 	]	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	WELLS FARGO BANK, NATIONAL ASSOCIATION,	 	 	 	 
	as Issuing Bank	 	 	 	 
	 
	 	 	 	 	 	 
	By:
	 	 	 	 	 	 
	 	 	 	 	 
	Name:
	 	 	 	 	 	 
	 	 	 	 	 
	Title:

	 	 	 	]	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	THE BANK OF NOVA SCOTIA,	 	 	 	 
	as Issuing Bank	 	 	 	 
	 
	 	 	 	 	 	 
	By:
	 	 	 	 	 	 
	 	 	 	 	 
	Name:
	 	 	 	 	 	 
	 	 	 	 	 
	Title:

	 	 	 	]	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	CONSENTED TO:	 	 	 	 
	 
	 	 	 	 	 	 
	EXTERRAN HOLDINGS, INC.	 	 	 	 
	 
	 	 	 	 	 	 
	By:
	 	 	 	 	 	 
	 	 	 	 	 
	Name:
	 	 	 	 	 	 
	 	 	 	 	 
	Title:
	 	 	 	 	 	 
	 	 	 	 	 

 Exhibit E - 2

 

EXHIBIT F

FORM OF LETTER OF CREDIT APPLICATION

[Exhibit F is to be updated to include a form for each Issuing Bank. US Borrower is to complete
the applicable form for the applicable Issuing Bank only for the Letter of Credit being requested.]

WACHOVIA FORM

Application and Agreement for Irrevocable Standby Letter of Credit

TO: Wachovia Bank, National Association (“Bank”)

Please TYPE information in the fields below. We reserve the right to return illegible

applications for clarification.

	 	 	 	 	 	 	 	 	 
	 	Date:

	 	 	 	 	 	The undersigned Applicant hereby requests Bank to issue and transmit by:

o Overnight Carrier      o Teletransmission      o Mail      o Other:

Explain	 
	 	L/C No.

	 	 	(Bank Use Only)
	 	 	an Irrevocable Standby Letter of Credit (the “Credit”) substantially as set forth below. In
issuing the Credit, Bank is expressly authorized to make such changes from the terms
hereinbelow set forth as it, in its sole discretion, may deem advisable.	 
	 

	 	 	 	 	 	 	 	 
	 	Applicant (Full Name & Address)

	 	 	Advising Bank (Designate name & address only if desired)

	 	 	 
	 	Beneficiary (Full Name & Address)

	 	 	Currency and Amount in Figures:

Currency and Amount in Words: 

Expiration Date:	 	 	 
	 	Charges: Wachovia’s charges are for our account; all other banking charges are to be paid by beneficiary.	 
	 

Credit to be available for payment against Beneficiary’s draft(s) at sight drawn on Bank or its correspondent at Bank’s option accompanied by the
following documents:

o      Statement, purportedly signed by the Beneficiary, reading as follows (please state below exact wording to appear on the statement):

Exhibit F - 1

 

o      Other Documents

o      Special Conditions (including, if Applicant has a preference, selection of UCP as herein defined or ISP98 as herein defined.)

o      Issue substantially in form of attached specimen. (Specimen must also be signed by applicant.)

Complete only when the Beneficiary (Foreign Bank, or other Financial
Institution) is to issue its undertaking based on this Credit.

	o	 	Request Beneficiary to issue and deliver their (specify
type of undertaking)
                  in favor of
                  for an amount not exceeding the amount specified above,
effective immediately relative to (specify contract number or
other pertinent reference)                   to expire on                     .
(This date must be at least 15 days prior to expiry date
indicated above.) It is understood that if the Credit is
issued in favor of any bank or other financial or commercial
entity which has issued or is to issue an undertaking on behalf
of the Applicant of the Credit in connection with the Credit,
the Applicant hereby agrees to remain liable under this
Application and Agreement in respect of the Credit (even after
its stated expiry date) until Bank is released by such bank or
entity.

Each Applicant signing below affirms that it has fully read and agrees to this Application and
the attached Continuing Letter of Credit Agreement. In consideration of the Bank’s issuance of the
Credit, the Applicant agrees to be bound by the agreement set forth in this and in the following
pages (even if the following pages are not attached to the Application) delivered to the Bank.
(Note: If a bank, trust company, or other financial institution signs as Applicant or joint and
several co-Applicant for its customer, or if two Applicants jointly and severally apply, both
parties sign below). Documents may be forwarded to the Bank by the beneficiary, or the
negotiating bank, in one mail. Bank may forward documents to Applicant’s customhouse broker, or
Applicant if specified above, in one mail. Applicant understands and agrees that this Credit will
be subject to the Uniform Customs and Practice for Documentary Credits of the International Chamber
of Commerce currently in effect, and in use by Bank (“UCP”) or to the International Standby
Practices of the International Chamber of Commerce, Publication 590 or any subsequent version
currently in effect and in use by Bank (“ISP98”).

	 	 	 	 	 	 	 	 
	 	 

	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	(Print or type name of Applicant)
	 	 	(Print or type name of Co-Applicant)	 	 	 
	 	 	 	 	 	 	 	 
	 	(Address)
	 	 	(Address)	 	 	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	Authorized Signature (Title)
	 	 	Authorized Signature (Title)	 	 	 
	 	 	 	 	 	 	 	 
	 	Authorized Signature (Title)
	 	 	Authorized Signature (Title)

	 	 	 
	 	Customer Contact:
	 	 	Phone No.:	 	 	 
	 	 	 
	 	BANK USE ONLY 
	 
	 

Exhibit F - 2

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	NOTE : Application will NOT be processed if this section is not complete
	 
	 	Approved (Authorized Signature)	 	 	Date:

	 	 	 	 
	 	Approved (Print name and title)	 	 	City:

	 	 	 	 
	 	Customer SIC Code:

	 	 	 	 	Borrower
Default Grade:
	 	 	 	 	 	Telephone:	 	 	 	 
	 	Charge DDA #
	 	 	Fee:	 	 	RC #:	 	 	CLAS Bank #	 	 	CLAS Obligor #:	 
	 	 	 
	 	Other (please explain):

	 
	 

Exhibit F - 3

 

JPMORGAN FORM

Dated  1 

JPMorgan Chase Bank, N.A.

as Administrative Agent for the Lenders party

to the Credit Agreement referred to below

      [complete address ]

Attention:                     

Fronting Bank:  2 

Dear Ladies and Gentlemen:

          We hereby request that the Fronting Bank, in its individual capacity, issue a [standby]
[trade] Letter of Credit for the account of the undersigned on 3
(the “Date of Issuance”), which Letter of Credit shall be denominated in United States
Dollars and shall be in the aggregate amount of 4.

       
   For the purposes of this Letter of Credit Request, unless otherwise defined herein, all
capitalized terms used herein and defined in the Credit Agreement shall have the respective meaning
provided such terms in the Credit Agreement.

       
   The beneficiary of the requested Letter of Credit will be 5,
and such Letter of Credit will be in support of 6 and will have a
stated expiration date of 7.

We hereby certify that:

          (1) the representations and warranties contained in the Credit Agreement and in the other
Credit Documents are and will be true and correct in all material respects, both before and after
giving effect to the issuance of the Letter of Credit requested hereby, on the Date of Issuance (it
being understood and agreed that any representation or warranty which by its terms is made as of a
specified date shall be required to be true and correct in all material respects only as of such
specified date); and

 

			
	1	 	Date of Letter of Credit Request. On or after the Initial Borrowing Date and prior to the 30thday prior to the Revolving Loan Maturity Date.
	 
	2	 	If standby Letter of Credit is to be issued by JPMorgan Chase Bank, N.A. insert: JPMorgan Chase Bank, N.A., [Address]. For
standby Letters of Credit to be issued by other Fronting Bank insert name and address of applicable Fronting Bank.
	 
	3	 	Date of Issuance, which shall be at least two (2) Business Days from the date hereof (or such shorter period as is reasonably
acceptable to the Fronting Bank).
	 
	4	 	Aggregate initial amount of the Letter of Credit.
	 
	5	 	Insert name and address of beneficiary.
	 
	6	 	Insert brief description of supportable obligations.
	 
	7	 	Insert the last date upon which drafts may be presented which may not be later than the dates referred to in Section                     
of the Credit Agreement.

EXHIBIT
F - 4

 

 

          (2) no Default or Event of Default has occurred and is continuing nor, after giving effect to
the issuance of the Letter of Credit requested hereby, would such a Default or an Event of Default
occur.

	 	 	 	 	 
	 	 	 
	 	By:  	
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

EXHIBIT
F - 5

 

 

THE BANK OF NOVA SCOTIA FORM

See following pages.

EXHIBIT
F - 6

 

 

Application and Agreement For Irrevocable

Standby Letter of Credit/Letter of Guarantee

The Undersigned agrees to be bound by the terms and conditions set out in the Exterran
$1,650,000,000 Senior Secured Credit Agreement, dated August 20, 2007 among Exterran Holdings,
Inc., a Delaware corporation, as US Borrower and Exterran Canada, Limited Partnership, a Nova
Scotia limited partnership, as Canadian Borrower, Wachovia Bank, National Association, as US
Administrative Agent, Wachovia Capital Finance Corporation (Canada), as Canadian Administrative
Agent and the Lenders and the other Agents party thereto.

	 	 	 	 	 
	Branch:

	 	Date:
	 	Bank Reference Number
	 
	 	 	 	 
	 
	 	 	 	 
	 

	 	 
	 	 

	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	 

	 	 	 	 	2. Applicant (for the account of )	 	 	 
	 	1. Please o  issue           o  amend	 	 	 	 	 	 
	 	 o By airmail / Courier	 	 	Name: 	 	 	 
	 	Original to:

	 	o  Branch o  Applicant	 	 	Address : 	 	 	  
	 	 

	 	o  Beneficiary	 	 	 	 	 	 
	 	o  By Teletransmission	 	 	 	 	 	 
	 	 
	 	 	 	 	 	 	 	 
	 	For our accounts the following:	 	 	on behalf of:	 	 	 
	 	 

	 	 	 	 	Name:	 	 	 
	 	o  Irrevocable Standby Letter of Credit	 	 	 	 	 	 
	 	Subject to: o  UCP o  ISP	 	 	 	 	 	 
	 	(Place “x” in one box only)	 	 	Address :	 	 	 
	 	o  Irrevocable Letter of Guarantee	 	 	 	 	 	 
	 	 
	 	 	 	 	 	 	 	 
	 	3. Beneficiary (In Favour Of)	 	 	4. Amount in words (Specify Currency)	 	 	 
	 	 
	 	 	 	 	 	 	 	 
	 	 
	 	 	 	 	 	 	 	 
	 	 
	 	 	 	 	 	 	 	 
	 	 
	 	 	 	 	 	 	 	 
	 	 
	 	 	 	 	 	 	 	 
	 	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 

	5.	 	Expiry date of guarantee/L/C                                         
	 
	 	 	Expiry date of counterguarantee (if applicable)                                         
	 
	6.	 	Details including purpose, documentation required and specific conditions, if any:

[X] Suggested Proforma attached duly signed bearing reference to this application.

Exhibit F — 7

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 
	 	For Bank Use Only

    	 	 	The Undersigned hereby requests The
Bank of Nova Scotia (the “Bank”) to issue or
amend its Irrevocable Standby Letter of
Credit or Irrevocable Letter of Guarantee
substantially in compliance with
specifications noted above. If the Bank
authorizes the issuance or amendment of its
Irrevocable Standby Letter of Credit or
Irrevocable Letter of	 	 	 
	 	Debit drawings to DDA Account	 	 	 	 	 
	 	Number:

	 	 	 	 	 	(CAD/USD)	 	 	 	 	 	 
	 	Commission Rate

	 	 	 	 	 	 	 	Guarantee, its counter guarantee or
supporting letter of credit, the Undersigned
agrees to be bound by the terms and
conditions set out in the Reimbursement
Agreement Dated                                         .	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	Customer Data Maintenance Form	 	 	Company Name (where applicable)	 	 	 
	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	Supplied/ Attached (delete one)  	 	 	 	 	 	 
	 	 

	 	 	 	 	 	 	 	 	Company Contact to clarify instructions	 	 	 
	 	 Customer SLC/LG ID# 	 	 	 	 	 	 
	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 

	 	 	 	 	 	 	 	 	 	 	 	 
	 	OLL INFORMATION	 	 	Telephone Number:	 	 	 
	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	C.A.B. Transit #	 	 	 	 	(if applicable)	 	 	 	 	 	 
	 	 

	 	 	 	 	 	 	 	 	 	 
	 	 

	 	 	 	 	 	 	 	 	Customer Signature	 	 	 
	 	OLL/BLT Transit #	 	 	 	 	 	 	 	 	 	 	 
	 	 

	 	 
	 	 	 	 	 	 
	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 

	 	 	 	 	 	 	 	 	 	 	 	 
	 	OLL Account #	 	 	 	 	 	 	 	 	 	 
	 	 

	 	 	 	 	 	 
	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	OTHER LIABILITY LOAN NUMBERS	 	 	 	 	 	 
	 	 

	 	 	 	 	 	 	 	 	 	 	 	 
	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	Customer Liability under SLC	 	 	 	 	 	 	If more than one Applicant, joint and
several:	 	 	 
	 	 

	 	 	 	 	 	 	 	 	 	 
	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	Currency

	 	 	 	 	 	 	 	 	Company Name	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	Customer Liability under LG	 	 	 	 	 		 	 	 
	 	 

	 	 	 	 	 	 	 	 	 	 
	 	Currency
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 		 	 	 	 	 	Customer Signature	 	 	 
	 	Authorized Signature Number	 	 	 	 	 	 
	 	 

	 	 	 	 	 	 	 	 	 	 	 	 
	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	Authorized Signature Number	 	 	 	 	 	 
	 	 

	 	 	 	 	 	 	 	 	 	 	 	 
	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 

	 	 	 	 	 	 	 	 	(In case of incorporated companies and
other organizations this form must be signed
by properly authorized officials) 	 	 	 
	 	 	 	 	 	 	 	 

Exhibit F — 8

 

 

EXHIBIT G

FORM OF ACCOUNT DESIGNATION LETTER

___, 20___

Wachovia Bank, National Association

301 South College Street

Charlotte, NC 28288-0608

Ladies and Gentlemen:

     This Notice of Account Designation is delivered pursuant to the Senior Secured Credit
Agreement dated as of August 20, 2007, by and among Exterran Holdings, a Delaware corporation, as
US Borrower, Exterran Canada, Limited Partnership, as Canadian Borrower, Wachovia Bank, National
Association as US Administrative Agent, Wachovia Capital Finance Corporation (Canada), as Canadian
Administrative Agent and the other Agents and Lenders parties thereto (as the same may be amended
or supplemented from time to time, the “Credit Agreement”).

     1. The US Administrative Agent is hereby authorized to disburse all US Tranche Loan proceeds
into the following account:

Bank Name:

ABA Routing Number:

Account Number:

Account Name:

     2. The Canadian Administrative Agent is hereby authorized to disburse all Canadian Tranche
Loan proceeds into the following account:

Bank Name:

ABA Routing Number:

Account Number:

Account Name:

     3. The US Administrative Agent is hereby authorized to disburse all Term Loan proceeds into
the following account:

Bank Name:

ABA Routing Number:

Account Number:

Account Name:

     4. This authorization shall remain in effect until revoked or until a subsequent Notice of
Account Designation is provided to the US Administrative Agent.

Exhibit G — 1

 

 

     In witness whereof, the undersigned has executed this Notice of Account Designation this ___
day of ___, 20___.

	 	 	 	 	 	 	 
	 	 	EXTERRAN HOLDINGS, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	Name:
	 	 

	 	 
	 

	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 

Exhibit G — 2

 

 

EXHIBIT H-1

FORM OF COMMITMENT INCREASE CERTIFICATE

[     ], 200[  ]

			
	To:	 	Wachovia Bank, National Association,

as Administrative Agent

     This Commitment Increase Certificate is delivered pursuant Section 2.03(a)(ii)(B) of the
Senior Secured Credit Agreement dated as of August 20, 2007, by and among Exterran Holdings, a
Delaware corporation, as US Borrower, Exterran Canada, Limited Partnership, as Canadian Borrower,
Wachovia Bank, National Association as US Administrative Agent, Wachovia Capital Finance
Corporation (Canada), as Canadian Administrative Agent and the other Agents and Lenders parties
thereto (as the same may be amended or supplemented from time to time, the “Credit
Agreement”). Capitalized terms not otherwise defined herein shall have the meaning given to
such terms in the Credit Agreement.

     This Commitment Increase Certificate is being delivered pursuant to Section 2.03(a)(ii)(B) of
the Credit Agreement.

     Please be advised that (a) the US Administrative Agent and each undersigned Lender has agreed
to the increase of the [Aggregate Revolving Commitments] [Aggregate Term Commitments] effective
                     ___, 2007 from $[ ] to $[ ] (the “Commitment Increase”) pursuant to Section
2.03(a) of the Credit Agreement, (b) each undersigned Lender participating in the Commitment
Increase agrees to increase its respective [US Tranche Commitment] [Term Commitment] in an amount
equal to such amount set forth on a schedule on file with the US Administrative Agent, a copy of
which has been provided to the Borrowers and (c) the US Administrative Agent and each undersigned
Lender shall continue to be a party in all respects to the Credit Agreement and the other Loan
Documents.

	 	 	 	 	 	 	 
	 	 	Very truly yours,	 	 
	 
	 	 	 	 	 	 
	 	 	EXTERRAN HOLDINGS, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	Name:
	 	 

	 	 
	 

	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 

Exhibit H-1 — 1

 

 

Accepted and Agreed:

Wachovia Bank, National Association,
  as
US Administrative Agent

	 	 	 	 	 
	By:
	 	 	 	 
	 Name:

	 	 

	 	 
	 

	 	 	 	 
	 Title:
	 	 	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	Accepted and Agreed:	 	 
	 
	 	 	 	 
	[LENDER],

  as Lender	 	 
	 
	 	 	 	 
	By:
	 	 	 	 
	 

	 	 	 	 
	 Name:
	 	 	 	 
	 

	 	 	 	 
	 Title:
	 	 	 	 
	 

	 	 	 	 

Exhibit H-1 — 2

 

 

EXHIBIT H-2

FORM OF ADDITIONAL LENDER CERTIFICATE

[      ], 20[  ]

			
	To:	 	Wachovia Bank, National Association,

as Administrative Agent

     This Additional Lender Certificate is delivered pursuant Section 2.03(a)(ii)(C) of the Senior
Secured Credit Agreement dated as of August 20, 2007, by and among Exterran Holdings, a Delaware
corporation, as US Borrower, Exterran Canada, Limited Partnership, as Canadian Borrower, Wachovia
Bank, National Association as US Administrative Agent, Wachovia Capital Finance Corporation
(Canada), as Canadian Administrative Agent and the other Agents and Lenders parties thereto (as
the same may be amended or supplemented from time to time, the “Credit Agreement”).
Capitalized terms not otherwise defined herein shall have the meaning given to such terms in the
Credit Agreement.

     Please be advised that the undersigned Additional Lender has agreed (a) to become a Lender
under the Credit Agreement in accordance with Section 2.03(a) effective [ ], 20[ ]
with a [US Tranche Commitment] [Term Commitment] of $[ ] and (b) that it shall be a party
in all respect to the Credit Agreement and the other Loan Documents.

     By its acceptance and agreement hereof, the undersigned Additional Lender confirms that this
Additional Lender Certificate is being delivered to the US Administrative Agent together with an
Administrative Questionnaire in the form supplied by the US Administrative Agent, duly completed by
the Additional Lender.

	 	 	 	 	 	 	 
	 	 	Very truly yours,	 	 
	 
	 	 	 	 	 	 
	 	 	EXTERRAN HOLDINGS, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	Name:
	 	 

	 	 
	 

	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 

Exhibit H-1 — 1

 

 

Accepted and Agreed:

Wachovia Bank, National Association,
  as
US Administrative Agent

	 	 	 	 	 
	By:
	 	 	 	 
	 Name:
	 	 	 	 
	 Title:

	 	 

	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	Accepted and Agreed:	 	 
	 
	 	 	 	 
	[ADDITIONAL LENDER],

  as Additional Lender	 	 
	 
	 	 	 	 
	By:
	 	 	 	 
	 Name:
	 	 	 	 
	 

	 	 	 	 
	 Title:
	 	 	 	 
	 

	 	 	 	 

Exhibit H-1 — 2

 

 

Schedule 1.02 — Existing Indebtedness

NONE

Schedule 1.02 — 1

 

 

Schedule 2.01(b) – Existing Letters of Credit

     July 1 - September 30, 2007

UNIVERSAL COMPRESSION, INC.

OUTSTANDING LETTERS OF CREDIT

8/18/2007 14:05

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Total
	 	 	 	 	 	 	 	 	 	 	Type of	 	 	 	Date

	 	E-	 	LC

	      LC #	 	Issuer	 	Job #	 	Beneficiary	 	Bond	 	Effective	 	Expiration	 	green	 	Balance
	 
	Wachovia	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	SC101137U

	 	AP
	 	 	E00877	 	 	China Petroleum
Mat/ I&C Bank of
China
	 	Performance Bond
	 	10/2/2006
	 	7/14/2007
	 	 	 	 	148,787.63	 
	 

	 	 	 	 	 	 	 	China Petroleum
Mat/ I&C Bank of
China
	 	Performance Bond
	 	10/2/2006
	 	7/14/2007
	 	 	 	 	(148,787.63	)
	SC101513U

	 	AP
	 	 	 	 	 	CNOOC China Ltd/Bank
of China
	 	Performance Bond
	 	7/6/2007
	 	12/31/2007
	 	 	 	 	100,000.00	 
	SC100282U

	 	LA
	 	Kanata Project
	 	Empresa Petrolera

CHACO S A
	 	Performance Bond
	 	12/21/2004
	 	11/6/2007
	 	 	 	 	2,000,000.00	 
	SC101423U

	 	LA
	 	Kanata Project
	 	Empresa Petrolera

CHACO S A
	 	Performance Bond
	 	5/31/2007
	 	1/18/2008
	 	 	 	 	159,580.00	 
	CY549730

	 	LA
	 	 	 	 	 	Pemex Exploracion Y
Produccion — Mexico
	 	Bid Bond
	 	10/21/2003
	 	10/22/2007
	 	 	 	 	32,400.00	 
	CY550110

	 	LA
	 	 	 	 	 	Pemex Exploracion -

Banamex Mexico
	 	Performance Bond
	 	11/3/2003
	 	1/15/2008
	 	 	 	 	52,361.52	 
	CY550112

	 	LA
	 	 	 	 	 	Pemex Exploracion -

Banamex Mexico
	 	Performance Bond
	 	11/3/2003
	 	1/15/2008
	 	 	 	 	715,700.00	 
	SC100134U

	 	LA
	 	 	44101845	 	 	Pemex Exploracion -

Banamex Mexico
	 	Performance Bond
	 	8/4/2004
	 	2/15/2008
	 	 	 	 	2,476,845.00	 
	SC100135U

	 	LA
	 	 	44101845	 	 	Pemex Exploracion -

Banamex Mexico
	 	Performance Bond
	 	8/4/2004
	 	2/15/2008
	 	 	 	 	61,143.56	 
	SC101090U

	 	LA
	 	 	425016918	 	 	Fianzas Monterrey -

Pemex Exploracion
	 	Performance Bond
	 	8/11/2006
	 	3/2/2009
	 	 	 	 	100,424.57	 
	SC100622U

	 	LA
	 	 	414105928	 	 	Fianzas Monterrey -

Pemex Exploracion
	 	Performance Bond
	 	11/28/2005
	 	8/31/2010
	 	 	 	 	1,562,500.00	 
	SC100623U

	 	LA
	 	 	414105928	 	 	Fianzas Monterrey -

Pemex Exploracion
	 	Performance Bond
	 	11/28/2005
	 	8/31/2010
	 	 	 	 	386,725.12	 
	SC100632U

	 	LA
	 	 	415135987	 	 	Fianzas Monterrey -

Pemex Exploracion
	 	Performance Bond
	 	12/2/2005
	 	7/31/2010
	 	 	 	 	684,597.90	 
	SC100633U

	 	LA
	 	 	415135987	 	 	Fianzas Monterrey -

Pemex Exploracion
	 	Performance Bond
	 	12/2/2005
	 	7/31/2010
	 	 	 	 	11,173.02	 
	SC100980U

	 	LA
	 	 	425016861	 	 	Fianzas Monterrey -

Pemex Exploracion
	 	Performance Bond
	 	5/8/2006
	 	1/29/2011
	 	 	 	 	1,000,000.00	 
	SC100981U

	 	LA
	 	 	425016861	 	 	Fianzas Monterrey -

Pemex Exploracion
	 	Performance Bond
	 	5/8/2006
	 	1/29/2011
	 	 	 	 	14,202.96	 
	SC101302U

	 	LA
	 	 	425016998	 	 	Fianzas Monterrey -

Pemex Exploracion
	 	Performance Bond
	 	1/31/2007
	 	7/31/2011
	 	 	 	 	365,426.28	 
	SC101364U

	 	LA
	 	 	424017805	 	 	Fianzas Monterrey -

Pemex Exploracion
	 	Performance Bond
	 	3/23/2007
	 	7/31/2011
	 	 	 	 	41,732.80	 
	SC101363U

	 	LA
	 	 	424017805	 	 	Fianzas Monterrey -

Pemex Exploracion
	 	Performance Bond
	 	3/23/2007
	 	7/31/2011
	 	 	 	 	5,243.02	 
	SC101421U

	 	LA
	 	 	425017837	 	 	Fianzas Monterrey -

Pemex Exploracion
	 	Performance Bond
	 	5/15/2007
	 	12/8/2009
	 	 	 	 	220,000.00	 
	SC101466U

	 	LA
	 	 	425027835	 	 	Fianzas Monterrey -

Pemex Exploracion
	 	Performance Bond
	 	6/18/2007
	 	6/26/2008
	 	 	 	 	49,369.03	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

Schedule 2.01(b) — 1

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Total
	 	 	 	 	 	 	 	 	 	 	Type of	 	 	 	Date

	 	E-	 	LC

	LC #	 	Issuer	 	Job #	 	Beneficiary	 	Bond	 	Effective	 	Expiration	 	green	 	Balance
	 
	SC101528U

	 	LA
	 	 	425017842	 	 	Fianzas Monterrey -

Pemex Exploracion
	 	Performance Bond
	 	7/18/2007
	 	6/8/2009
	 	 	 	 	98,354.76	 
	SC100071U

	 	UCI
	 	NO JOB #
	 	Ace American
Insurance Co — PA
	 	Guarantee Bond
	 	4/15/2004
	 	3/31/2008
	 	 	 	 	7,750,000.00	 
	SM417330C

	 	UCI
	 	First Union
	 	Royal Bank of
Canada (formerly
UBS)
	 	 	 	6/22/2001
	 	6/19/2008
	 	 	 	 	83,693.00	 
	SM200016W

	 	UCI
	 	NO JOB #
	 	Zurich Insurance
	 	Guarantee Bond
	 	9/13/2002
	 	3/31/2008
	 	 	 	 	1,000,000.00	 
	SC100435U

	 	AP
	 	 	E00611	 	 	China Petroleum
Material — China
	 	Performance Bond
	 	5/27/2005
	 	7/30/2007
	 	 	 	 	62,684.00	 
	SC100435U

	 	AP
	 	 	E00611	 	 	China Petroleum
Material — China
	 	Performance Bond
	 	5/27/2005
	 	7/30/2007
	 	 	 	 	(62,684.00	)
	SC100741U

	 	Replace 639U
	 	 	E00623	 	 	Orgin Energy CSG
Ltd — Australia
	 	Performance Bond
	 	1/4/2006
	 	10/15/2007
	 	 	 	 	135,710.00	 
	SC101052U

	 	 	 	 	E00718	 	 	Orgin Energy CSG
Ltd — Australia
	 	Performance Bond
	 	7/10/2006
	 	3/19/2008
	 	 	 	 	136,068.00	 
	SC101152U

	 	 	 	 	E00721 / 722	 	 	Orgin Energy CSG
Ltd — Australia
	 	Performance Bond
	 	10/16/2006
	 	9/28/2007
	 	 	 	 	282,488.00	 
	SC101153U

	 	 	 	 	E00721 / 722	 	 	Orgin Energy CSG
Ltd — Australia
	 	Performance Bond
	 	10/16/2006
	 	8/29/2008
	 	 	 	 	282,488.00	 
	SC101492U

	 	 	 	Job EC067100
	 	Orgin Energy CSG
Ltd — Australia
	 	Advance Payment
	 	6/28/2007
	 	1/21/2008
	 	 	 	 	2,533,560.00	 
	SC101493U

	 	 	 	Job EC067100
	 	Orgin Energy CSG
Ltd — Australia
	 	Performance Bond
	 	6/28/2007
	 	7/21/2008
	 	 	 	 	158,347.50	 
	SC101494U

	 	 	 	Job EC067100
	 	Orgin Energy CSG
Ltd — Australia
	 	Performance Bond
	 	6/28/2007
	 	7/20/2009
	 	 	 	 	158,347.50	 
	SC101495U

	 	 	 	Job EC067099
	 	Orgin Energy CSG
Ltd — Australia
	 	Advance Payment
	 	6/28/2007
	 	10/30/2007
	 	 	 	 	2,533,560.00	 
	SC101496U

	 	 	 	Job EC067099
	 	Orgin Energy CSG
Ltd — Australia
	 	Performance Bond
	 	6/28/2007
	 	4/30/2008
	 	 	 	 	158,347.50	 
	SC101497U

	 	 	 	Job EC067099
	 	Orgin Energy CSG
Ltd — Australia
	 	Performance Bond
	 	6/28/2007
	 	4/30/2009
	 	 	 	 	158,347.50	 
	SC101498U

	 	 	 	Job E01012
	 	Orgin Energy CSG
Ltd — Australia
	 	Advance Payment
	 	6/28/2007
	 	4/30/2008
	 	 	 	 	2,533,560.00	 
	SC101499U

	 	 	 	Job E01012
	 	Orgin Energy CSG
Ltd — Australia
	 	Performance Bond
	 	6/28/2007
	 	10/30/2008
	 	 	 	 	158,347.50	 
	SC101500U

	 	 	 	Job E01012
	 	Orgin Energy CSG
Ltd — Australia
	 	Performance Bond
	 	6/28/2007
	 	10/30/2009
	 	 	 	 	158,347.50	 
	SC101490U

	 	 	 	Sales Order
123-SE
	 	Consorcio
Petrolero Bloque
	 	Advance Payment
	 	6/26/2007
	 	10/31/2007
	 	 	 	 	61,620.90	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	SUB — TOTAL
	 	 	28,420,612.44	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Wells Fargo Effective 10/20/06	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	NTS902629

	 	 	 	 	E00751, E00752	 	 	Lincas Electro

Vertriebs

Gesellschaft
	 	Performance Band
	 	7/27/2006
	 	1/31/2009
	 	 	 	 	355,332.00	 
	NTS902628

	 	 	 	 	E00875, E00876	 	 	AMTEC AG
	 	Advance Payment
	 	10/26/2006
	 	5/6/2008
	 	 	 	 	2,823,642.00	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	TOTAL US$
	 	 	 	 	 	 	 	 	 	 	31,599,586.44	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

Schedule 2.01(b) — 2

 

 

Issued under Existing $450 Million Hanover Credit Facility

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Issuance	 	Expiry	 	Amount
	L/C REF. NO.	 	Applicant Name	 	Type	 	  Date	 	    Date	 	 	       (USD)
	 
	Issued by J.P. Morgan	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	6-218929

	 	HANOVER COMPRESSION
LIMITED
	 	Standby
	 	11/02/01
	 	09/05/10
	 	 	308,303.00	 
	6-220434

	 	HANOVER COMPRESSION
LIMITED
	 	Standby
	 	12/18/01
	 	09/05/10
	 	 	21,406.00	 
	6-225289

	 	HANOVER COMPRESSION

LIMITED
	 	Standby
	 	05/09/02
	 	11/01/07
	 	 	5,150,000.00	 
	IBTI-579154

	 	BELLELI ENERGY
S.P.A.
	 	Commercial
	 	07/09/07
	 	11/05/07
	 	 	1,870,000.00	 
	IBTI-579358

	 	BELLELI ENERGY
C.P.E. SPA
	 	Commercial
	 	07/12/07
	 	05/02/08
	 	 	6,630,943.70	 
	IBTI-587922

	 	HANOVER
COMPRESSION, LP
	 	Commercial
	 	05/15/07
	 	08/21/07
	 	 	664,791.40	 
	IBTI-587923

	 	BELLELI ENERGY
S.P.A.
	 	Commercial
	 	06/28/07
	 	10/31/07
	 	 	602,800.00	 
	P-200359

	 	HANOVER COMPRESSOR
CO.,INC.
	 	Standby
	 	04/25/00
	 	09/05/10
	 	 	83,242.00	 
	P-201169

	 	HANOVER COMPRESSOR
CO.,INC.
	 	Standby
	 	05/17/00
	 	09/05/10
	 	 	34,355.00	 
	P-201738

	 	HANOVER CANADA
CORPORATION
	 	Standby
	 	06/02/00
	 	12/30/07
	 	 	500,000.00	 
	P-203852

	 	HANOVER COMPRESSOR
CO.,INC.
	 	Standby
	 	07/28/00
	 	09/05/10
	 	 	50,487.00	 
	P-205023

	 	HANOVER
COMPRESSION, INC.
	 	Standby
	 	08/31/00
	 	10/25/07
	 	 	2,124,386.84	 
	P-205945

	 	HANOVER COMPRESSOR
CO.,INC.
	 	Standby
	 	09/27/00
	 	09/30/08
	 	 	795,000.00	 
	P-205992

	 	DR COMPRESSION
SERVICES
	 	Standby
	 	09/28/00
	 	09/28/07
	 	 	1,505,000.00	 
	P-230918

	 	HANOVER COMPRESSION

LIMITED
	 	Standby
	 	10/16/02
	 	09/05/10
	 	 	140,000.00	 
	P-234809

	 	HANOVER COMPRESSION

LIMITED
	 	Standby
	 	02/14/03
	 	04/23/08
	 	 	6,130,000.00	 
	P-237502

	 	HANOVER COMPRESSION

LIMITED
	 	Standby
	 	05/27/03
	 	05/16/08
	 	 	3,500,000.00	 
	P-238651

	 	PRODUCTION
OPERATORS CAYMAN
INC., A
	 	Standby
	 	07/01/03
	 	07/02/08
	 	 	160,142.97	 
	P-238653

	 	PRODUCTION
OPERATORS CAYMAN
INC., A
	 	Standby
	 	07/01/03
	 	07/02/08
	 	 	41,913.10	 
	P-241242

	 	WILPRO ENERGY
SERVICES
	 	Standby
	 	09/23/03
	 	09/19/07
	 	 	12,000,000.00	 
	P-244546

	 	HANOVER COMPRESSION

LIMITED
	 	Standby
	 	01/09/04
	 	08/31/07
	 	 	5,752,699.95	 
	P-295860

	 	HANOVER COMPRESSOR
CO.,INC.
	 	Standby
	 	12/14/99
	 	09/05/10
	 	 	170,937.00	 
	P-614199

	 	BELLELI ENERGY
S.R.L.
	 	Standby
	 	11/01/04
	 	08/15/07
	 	 	75,736.57	 
	P-615623

	 	HANOVER (GB) LTD
	 	Standby
	 	11/22/04
	 	07/30/08
	 	 	144,458.93	 
	TBTI-662081

	 	BELLELI ENERGY

CRITICAL PROCESS
	 	Commercial
	 	05/01/06
	 	11/09/07
	 	 	1,369,379.12	 
	TPTS-576009

	 	HANOVER ARGENTINA
S.A.
	 	Standby
	 	02/15/07
	 	08/25/07
	 	 	120,530.00	 
	TPTS-576147

	 	HANOVER COMPRESSION
	 	Standby
	 	03/09/07
	 	08/23/07
	 	 	600,000.00	 

Schedule 2.01(b) — 3

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Issuance	 	Expiry	 	Amount
	L/C REF. NO.	 	Applicant Name	 	Type	 	  Date	 	    Date	 	(USD)  
	 
	TPTS-576186

	 	ARABIAN EUROPEAN

MECHANICAL COMPANY
	 	Standby
	 	03/09/07
	 	01/31/08
	 	 	618,584.19	 
	TPTS-576187

	 	HANOVER (GB) LTD.
	 	Standby
	 	03/28/07
	 	08/30/07
	 	 	986,163.75	 
	TPTS-576344

	 	HANOVER (GB) LTD.
	 	Standby
	 	04/05/07
	 	08/14/07
	 	 	376,690.05	 
	TPTS-576345

	 	HANOVER (GB) LTD.
	 	Standby
	 	04/05/07
	 	08/14/09
	 	 	251,126.70	 
	TPTS-576357

	 	HANOVER
COMPRESSION, LP
	 	Standby
	 	05/02/07
	 	12/31/07
	 	 	296,746.84	 
	TPTS-576584

	 	BELLELI ENERGY
S.P.A.
	 	Standby
	 	05/18/07
	 	05/04/09
	 	 	2,085,000.00	 
	TPTS-576585

	 	BELLELI ENERGY
S.P.A.
	 	Standby
	 	06/07/07
	 	05/15/09
	 	 	9,767,658.99	 
	TPTS-576734

	 	BELLELI ENERGY
S.P.A.
	 	Standby
	 	06/07/07
	 	03/30/10
	 	 	4,883,829.49	 
	TPTS-576735

	 	BELLELI ENERGY CPE
S.P.A.
	 	Standby
	 	06/11/07
	 	11/25/08
	 	 	464,813.96	 
	TPTS-576804

	 	HANOVER COMPRESSION,
	 	Standby
	 	06/21/07
	 	01/25/08
	 	 	150,000.00	 
	TPTS-576805

	 	BELLELI ENERGY
S.P.A.
	 	Standby
	 	06/22/07
	 	12/30/09
	 	 	6,064,525.00	 
	TPTS-576876

	 	HANOVER COMPRESSION
	 	Standby
	 	06/28/07
	 	11/30/08
	 	 	466,293.80	 
	TPTS-576877

	 	HANOVER
COMPRESSION, LIMITED
	 	Standby
	 	06/28/07
	 	02/14/08
	 	 	1,311,697.92	 
	TPTS-576902

	 	HANOVER COMPRESSION
LIMITED
	 	Standby
	 	06/28/07
	 	04/12/08
	 	 	1,218,901.80	 
	TPTS-576903

	 	HANOVER COMPRESSION

LIMITED
	 	Standby
	 	06/28/07
	 	10/30/08
	 	 	1,218,901.80	 
	TPTS-576904

	 	HANOVER
COMPRESSION, LIMITED
	 	Standby
	 	06/29/07
	 	10/30/09
	 	 	7,710,000.00	 
	TPTS-576905

	 	HANOVER COMPRESSION
	 	Standby
	 	06/29/07
	 	10/30/09
	 	 	3,650,000.00	 
	TPTS-576918

	 	BELLELI ENERGY CPE
S.P.A.
	 	Standby
	 	06/29/07
	 	07/01/10
	 	 	725,927.67	 
	TPTS-576919

	 	HANOVER
COMPRESSION,
LIMITED
	 	Standby
	 	06/29/07
	 	01/27/08
	 	 	279,375.00	 
	TPTS-576972

	 	HANOVER COMPRESSION
	 	Standby
	 	07/18/07
	 	09/13/10
	 	 	392,512.90	 
	TPTS-576973

	 	HANOVER (GB) LTD.
	 	Standby
	 	07/13/07
	 	08/14/07
	 	 	1,004,506.80	 
	TPTS-577016

	 	HANOVER COMPRESSION
	 	Standby
	 	07/13/07
	 	11/30/08
	 	 	741,007.00	 
	TPTS-577017

	 	BELLELI ENERGY
S.P.A.
	 	Standby
	 	07/13/07
	 	01/31/09
	 	 	975,000.00	 
	TPTS-577018

	 	BELLELI ENERGY
S.P.A.
	 	Standby
	 	07/13/07
	 	01/31/09
	 	 	1,020,000.00	 
	TPTS-577019

	 	HANOVER EASTERN

HEMISPHERE FZE
	 	Standby
	 	07/27/07
	 	06/18/08
	 	 	2,764,680.00	 
	TPTS-577086

	 	BELLELI ENERGY
S.P.A.
	 	Standby
	 	07/26/07
	 	12/12/07
	 	 	900,000.00	 
	TPTS-577087

	 	HANOVER EASTERN

HEMISPHERE FZE
	 	Standby
	 	01/31/09
	 	01/31/09
	 	 	13,298.00	 
	TPTS-577184

	 	HANOVER
COMPRESSION, LP
	 	Standby
	 	02/29/08
	 	02/29/08
	 	 	656,000.00	 
	TPTS-651107

	 	BELLELI ENERGY
S.P.A.
	 	Standby
	 	06/30/06
	 	04/14/08
	 	 	5,770,950.57	 
	TPTS-651108

	 	BELLELI ENERGY CPE
S.P.A.
	 	Standby
	 	06/13/06
	 	06/30/10
	 	 	760,971.51	 
	TPTS-651304

	 	BELLELI ENERGY
S.P.A.
	 	Standby
	 	06/30/06
	 	04/14/09
	 	 	4,500,000.00	 
	TPTS-651331

	 	BELLELI ENERGY
S.P.A.
	 	Standby
	 	07/13/06
	 	09/14/10
	 	 	1,290,000.00	 
	TPTS-651335

	 	BELLELI ENERGY
S.P.A.
	 	Standby
	 	07/13/06
	 	06/30/10
	 	 	7,435,044.68	 
	TPTS-651446

	 	BELLELI ENERGY CPE
S.P.A.
	 	Standby
	 	07/28/06
	 	10/30/08
	 	 	3,604,313.70	 
	TPTS-651461

	 	BELLELI ENERGY CPE
S.P.A.
	 	Standby
	 	07/28/06
	 	11/30/08
	 	 	3,604,313.70	 
	TPTS-651462

	 	HANOVER COMPRESSION

LIMITED
	 	Standby
	 	08/11/06
	 	09/15/07
	 	 	18,702.00	 
	TPTS-651517

	 	HANOVER PERU SELVA

SRL
	 	Standby
	 	08/16/06
	 	09/12/10
	 	 	900,000.00	 
	TPTS-651588

	 	HANOVER (GB) LTD.
	 	Standby
	 	09/07/06
	 	02/26/08
	 	 	40,458.00	 
	TPTS-651660

	 	BELLELI ENERGY CPE
S.P.A.
	 	Standby
	 	09/22/06
	 	01/23/08
	 	 	545,506.65	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 

Schedule 2.01(b) — 4

 

 

	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Issuance	 	Expiry	Amount
	L/C REF. NO.	 	Applicant Name	 	Type	 	 Date	 	   Date	 	      (USD)
	 
	TPTS-651663

	 	BELLELI ENERGY CPE
S.P.A.
	 	Standby
	 	09/22/06
	 	01/23/08
	 	545,506.65	 
	TPTS-651664

	 	BELLELI ENERGY
S.P.A.
	 	Standby
	 	10/05/06
	 	03/09/09
	 	815,625.00	 
	TPTS-651872

	 	HANOVER EASTERN
HEMISPHERE, FZE
	 	Standby
	 	06/13/07
	 	02/06/08
	 	3,090,000.00	 
	TPTS-651919

	 	BELLELI ENERGY CPE
S.P.A.
	 	Standby
	 	11/15/06
	 	09/30/08
	 	1,368,900.00	 
	TPTS-651920

	 	BELLELI ENERGY CPE
S.P.A.
	 	Standby
	 	11/15/06
	 	05/30/09
	 	1,368,900.00	 
	TPTS-651991

	 	BELLELI ENERGY CPE
S.P.A.
	 	Standby
	 	11/29/06
	 	09/30/08
	 	1,368,900.00	 
	TPTS-651992

	 	BELLELI ENERGY CPE
S.P.A.
	 	Standby
	 	11/29/06
	 	05/30/09
	 	1,368,900.00	 
	TPTS-652083

	 	BELLELI ENERGY
S.P.A.
	 	Standby
	 	12/15/06
	 	08/31/07
	 	2,880,157.00	 
	TPTS-652084

	 	HANOVER COMPRESSION
	 	Standby
	 	12/18/06
	 	08/19/07
	 	5,160,782.58	 
	TPTS-652198

	 	HANOVER COMPRESSION
	 	Standby
	 	01/11/07
	 	09/07/07
	 	1,810,951.20	 
	TPTS-652336

	 	HANOVER
COMPRESSION, LP
	 	Standby
	 	01/25/07
	 	10/30/07
	 	327,045.11	 
	TPTS-652393

	 	HANOVER
COMPRESSION, LP
	 	Standby
	 	01/25/07
	 	02/29/08
	 	371,315.21	 
	TPTS-652394

	 	HANOVER (GB) LTD.
	 	Standby
	 	02/08/07
	 	09/18/07
	 	80,000.00	 
	TPTS-652435

	 	HANOVER EGYPT LLC
	 	Standby
	 	01/31/07
	 	11/30/07
	 	17,000.00	 
	TPTS-652436

	 	HANOVER COMPRESSION
	 	Standby
	 	02/08/07
	 	06/05/10
	 	676,960.00	 
	TPTS-661589

	 	BELLELI ENERGY
S.P.A.
	 	Standby
	 	04/05/06
	 	11/12/07
	 	2,945,164.00	 
	TPTS-661590

	 	BELLELI ENERGY
S.P.A.
	 	Standby
	 	04/04/06
	 	03/30/10
	 	2,945,164.00	 
	TPTS-662238

	 	BELLELI ENERGY
S.P.A.
	 	Standby
	 	05/03/06
	 	10/30/10
	 	415,224.10	 
	TPTS-670671

	 	HANOVER COMPRESSION
	 	Standby
	 	06/08/05
	 	04/01/08
	 	6,068,700.00	 
	TPTS-672135

	 	HANOVER COMPRESSION
	 	Standby
	 	05/20/05
	 	05/31/08
	 	5,550,000.00	 
	TPTS-672993

	 	HANOVER (GB) LTD.
	 	Standby
	 	06/24/05
	 	10/23/07
	 	52,018.20	 
	TPTS-673540

	 	HANOVER COMPRESSION
	 	Standby
	 	07/18/05
	 	09/05/10
	 	291,079.00	 
	TPTS-674114

	 	HANOVER (GB) LTD.
	 	Standby
	 	08/04/05
	 	12/30/07
	 	57,893.48	 
	TPTS-674242

	 	BELLELI ENERGY
S.P.A.
	 	Standby
	 	08/12/05
	 	09/14/10
	 	1,779,150.00	 
	TPTS-675045

	 	HANOVER COMPRESSION
	 	Standby
	 	09/20/05
	 	08/30/07
	 	119,987.60	 
	TPTS-675277

	 	HANOVER COMPRESSION
	 	Standby
	 	09/19/05
	 	08/31/08
	 	794,037.60	 
	TPTS-675564

	 	HANOVER COMPRESSION
	 	Standby
	 	09/30/05
	 	01/31/08
	 	2,047,720.60	 
	TPTS-676328

	 	BELLELI ENERGY
S.P.A.
	 	Standby
	 	11/09/05
	 	08/01/08
	 	7,154,335.80	 
	TPTS-677073

	 	BELLELI ENERGY
S.P.A.
	 	Standby
	 	12/06/05
	 	12/30/09
	 	1,379,303.64	 
	TPTS-677111

	 	BELLELI ENERGY
S.P.A.
	 	Standby
	 	12/06/05
	 	09/01/08
	 	691,491.62	 
	TPTS-677292

	 	HANOVER (GB) LTD.
	 	Standby
	 	12/12/05
	 	09/30/07
	 	119,860.34	 
	TPTS-677294

	 	HANOVER (GB) LTD.
	 	Standby
	 	12/12/05
	 	09/30/07
	 	119,860.34	 
	TPTS-677295

	 	HANOVER (GB) LTD.
	 	Standby
	 	12/12/05
	 	11/30/07
	 	125,795.07	 
	TPTS-677675

	 	BELLELI ENERGY
S.P.A.
	 	Standby
	 	12/23/05
	 	03/09/09
	 	1,885,000.00	 
	TPTS-678429

	 	BELLELI ENERGY
S.P.A.
	 	Standby
	 	01/25/06
	 	09/15/07
	 	1,049,600.00	 
	TPTS-678478

	 	BELLELI ENERGY
S.P.A.
	 	Standby
	 	01/25/06
	 	03/15/10
	 	5,222,891.63	 
	TPTS-678518

	 	HANOVER COMPRESSION
	 	Standby
	 	01/26/06
	 	11/30/07
	 	38,868.05	 
	TPTS-678818

	 	HANOVER (GB) LTD.
	 	Standby
	 	02/09/06
	 	01/30/10
	 	102,610.83	 
	TPTS-679025

	 	BELLELI ENERGY
S.P.A.
	 	Standby
	 	02/23/06
	 	07/08/10
	 	1,917,799.90	 
	TPTS-679056

	 	BELLELI ENERGY
S.P.A.
	 	Standby
	 	02/23/06
	 	07/30/10
	 	480,000.00	 
	TPTS-679066

	 	BELLELI ENERGY
S.P.A.
	 	Standby
	 	02/22/06
	 	07/30/10
	 	522,398.10	 
	TPTS-679068

	 	BELLELI ENERGY
S.P.A.
	 	Standby
	 	02/22/06
	 	09/15/09
	 	1,049,600.00	 
	TPTS-679703

	 	HANOVER COMPRESSION
	 	Standby
	 	03/17/06
	 	04/15/08
	 	201,116.27	 
	TPTS-679803

	 	BELLELI ENERGY
S.P.A.
	 	Standby
	 	03/24/06
	 	10/27/07
	 	2,585,000.00	 
	TPTS-679875

	 	BELLELI ENERGY
S.P.A.
	 	Standby
	 	03/24/06
	 	04/27/10
	 	2,585,000.00	 
	TPTS-577185

	 	HANOVER (GB) LTD.
	 	Standby
	 	08/15/07
	 	05/16/09
	 	51,826.31	 
	TPTS-651153

	 	HANOVER
COMPRESSION, LP
	 	Standby
	 	08/17/07
	 	03/17/09
	 	403,809.60	 
	 
	 	 	 	 	 	 	 	 	 	 	 

Schedule 2.01(b) — 5

 

 

	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Issuance	 	Expiry	 	Amount
	L/C REF. NO.	 	Applicant Name	 	Type	 	Date	 	Date	 	(USD)
	 
	 

	 	 	 	 	 	 	 	 	 	202,013,263.88	 
	 
	 	 	 	 	 	 	 	 	 	 	 
	Issued by Scotia Bank	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 
	247923

	 	HANOVER EGYPT LLC
	 	Standby
	 	10/03/06
	 	10/05/07
	 	20,000.00	 
	248673

	 	BELLELI ENERGY
C.P.E. SPA
	 	Standby
	 	10/20/06
	 	10/30/08
	 	3,563,765.50	 
	250095

	 	BELLELI ENERGY
C.P.E. SPA
	 	Standby
	 	11/24/06
	 	10/30/08
	 	3,563,765.50	 
	251254

	 	HANOVER
COMPRESSION, LP
	 	Standby
	 	12/15/06
	 	11/03/08
	 	26,400,000.00	 
	259263

	 	BELLELI ENERGY
C.P.E. SPA
	 	Standby
	 	06/15/07
	 	04/30/10
	 	1,954,454.00	 
	 

	 	 	 	 	 	 	 	 	 	35,501,985.00	 
	 
	 	 	 	 	 	 	 	 	 	 	 
	Total

	 	 	 	 	 	 	 	 	 	237,515,248.88	 

Schedule 2.01(b) — 6

 

 

Schedule 6.01(j) – Excepted Property

1. Certificates and stock powers not held by the administrative agents (or their
representatives) under the Existing Universal Credit Agreement and Existing Hanover Credit
Agreement immediately prior to the Initial Funding Date pursuant to the last sentence of Section
9.07(a).

Schedule 6.01(j) — 1

 

 

Schedule 7.02 — Liabilities

	1.	 	Miscellaneous performance bonds and guarantees and similar contingent obligations, none of
which constitute debt under GAAP for borrowed money and all of which are permitted under this
Agreement.

	2.	 	See also Schedule 10.01.

Schedule 7.02— 1

 

 

Schedule 7.03 — Litigation

NONE

Schedule 7.03— 1

 

 

Schedule 7.09 —  Taxes

Holdings, UCO Compression 2002 LLC, UCO Compression 2005 LLC and Hanover Canada Corporation have
not filed all franchise, sales and use and property tax returns, if any, that may be applicable.
Any remaining unfiled returns would in no event constitute a Material Adverse Effect.

Schedule 7.09— 1

 

 

Schedule 7.10 — Titles, Etc.

Various lease agreements for compressor units contain purchase options at specified intervals
during the contract term.

Schedule 7.10— 1

 

 

Schedule 7.14 — Subsidiaries

	 	 	 	 	 
	 	 	 	 	Jurisdiction of
	 	 	 	 	Incorporation/
	 	 	Company	 	Organization
	1

	 	Exterran, Inc.
	 	Texas
	2

	 	Universal Compression International, Inc.
	 	Delaware
	3

	 	Compressor Systems International, Inc.
	 	Delaware
	4

	 	UCO Compression 2005 LLC
	 	Delaware
	5

	 	Beijing Universal Compression Technical Services Company Ltd.
	 	China
	6

	 	Enterra Compression Investment Company
	 	Delaware
	7

	 	Quimex S.A.
	 	Switzerland
	8

	 	Excel Energy Services Limited
	 	Nigeria
	9

	 	Exterran Partners, L.P. (51%)
	 	Delaware
	10

	 	UCO GP, LLC
	 	Delaware
	11

	 	Universal Compression International Ltd.
	 	Cayman Island
	12

	 	Universal Compression Canadian Holdings, Inc.
	 	Delaware
	13

	 	Universal Compression Services, LLC
	 	Delaware
	14

	 	UCO Compression Holding, L.L.C.
	 	Delaware
	15

	 	EXLP Operating LLC
	 	Delaware
	16

	 	UCI GP LP LLC
	 	Delaware
	17

	 	Universal Compression Finance Company Ltd.
	 	Barbados
	18

	 	PT Universal Compression Indonesia
	 	Indonesia
	19

	 	EI Leasing LLC
	 	Delaware
	20

	 	Universal Compression del Peru, S.R.L.
	 	Peru
	21

	 	EXLP Leasing LLC
	 	Delaware
	22

	 	UCI MLP LP LLC
	 	Delaware
	23

	 	Universal Compression of Colombia Ltd.
	 	Cayman Islands
	24

	 	Universal Compression (Thailand), Ltd.
	 	Thailand
	25

	 	UCO General Partner, LP
	 	Delaware
	26

	 	Uniwhale Ltd. (75%)
	 	Cayman Islands
	27

	 	Exterran Canadian Partnership Holdings LP Company
	 	Nova Scotia, Canada
	28

	 	Universal Compression Services de Venezuela, C.A.
	 	Venezuela
	29

	 	Exterran ABS 2007 LLC
	 	Delaware
	30

	 	Uniwhale de Colombia E.U.
	 	Colombia
	31

	 	Exterran Canada, Limited Partnership
	 	Nova Scotia, Canada
	32

	 	Universal Compression (Australia) Pty Ltd
	 	Australia
	33

	 	Universal Compression International Holdings, S.L.U.
	 	Spain
	34

	 	Exterran ABS Leasing 2007 LLC
	 	Delaware

Schedule 7.14— 1

 

 

	 	 	 	 	 
	 	 	 	 	Jurisdiction of
	 	 	 	 	Incorporation/
	 	 	Company	 	Organization
	35

	 	Universal Compression Ltda.
	 	Brazil
	36

	 	Compression Services de Mexico, S.A. de C.V.
	 	Mexico
	37

	 	Probalance Engenharia Ltda.
	 	Brazil
	38

	 	Universal Compression de Mexico, S.A. de C.V.
	 	Mexico
	39

	 	Universal Compression Argentina S.A.
	 	Argentina
	40

	 	Universal Compression de Venezuela Unicom, C.A.
	 	Venezuela
	41

	 	Universal Compression Bolivia Ltda.
	 	Bolivia
	42

	 	Energy Dynamics de Venezuela, C.A.
	 	Venezuela
	43

	 	Exterran Canadian Partnership Holdings GP ULC
	 	Alberta, Canada
	44

	 	Universal Compression Cayman Ltd.
	 	Cayman Islands
	45

	 	Universal Compression Mauritius
	 	Mauritius
	46

	 	Universal Compression Singapore Pte. Ltd.
	 	Singapore
	47

	 	B.T.I. Holdings Pte Ltd
	 	Singapore
	48

	 	B.T. Engineering Pte Ltd
	 	Singapore
	49

	 	Columbus Insurance Ltd.
	 	Cayman Islands
	50

	 	Exterran Energy Solutions, L.P.
	 	Delaware
	51

	 	EES Leasing LLC
	 	Delaware
	52

	 	Hanover SPE, L.L.C.
	 	Delaware
	53

	 	Hanover Compressor Company
	 	Delaware
	54

	 	Hanover Compression General Holdings LLC
	 	Delaware
	55

	 	Hanover Compressor Capital Trust
	 	Delaware
	56

	 	Hanover HL Holdings, LLC
	 	Delaware
	57

	 	Hanover HL, LLC
	 	Delaware
	58

	 	Hanover Compressed Natural Gas Services, LLC
	 	Delaware
	59

	 	HC Cayman LLC
	 	Delaware
	60

	 	HCL Columbia, Inc.
	 	Delaware
	61

	 	Hanover Australia, L.L.C.
	 	Delaware
	62

	 	Nigerian Leasing, LLC
	 	Delaware
	63

	 	Hanover Partners Nigeria LLC
	 	Delaware
	64

	 	Hanover Compressor Nigeria, Inc.
	 	Delaware
	65

	 	KOG, Inc.
	 	Delaware
	66

	 	Hanover General Energy Transfer, LLC
	 	Delaware
	67

	 	Hanover Limited Energy Transfer, LLC
	 	Delaware
	68

	 	Energy Transfer-Hanover Ventures, L.P.
	 	Delaware
	69

	 	Hanover IDR, Inc.
	 	Delaware
	70

	 	Hanover Ecuador L.L.C.
	 	Delaware
	71

	 	Hanover Asia, Inc.
	 	Delaware
	72

	 	Hanover Colombia Leasing, LLC
	 	Delaware

Schedule 7.14— 2

 

 

	 	 	 	 	 
	 	 	 	 	Jurisdiction of
	 	 	 	 	Incorporation/
	 	 	Company	 	Organization
	73

	 	HC Leasing, Inc.
	 	Delaware
	74

	 	Hanover Argentina S.A.
	 	Argentina
	75

	 	Hanover (Malaysia) SDN BHD
	 	Malaysia
	76

	 	P.T. Hanover Indonesia
	 	Indonesia
	77

	 	Hanover Compression Compania Limitada — d/b/a Hanover Chile
Ltda.
	 	Chile
	78

	 	Hanover de Mexico, S. de R.L. de C.V.
	 	Mexico
	79

	 	Hanover Cayman Limited
	 	Cayman Islands
	80

	 	Hanover Compressor de Mexico, S. de R.L. de C.V.
	 	Mexico
	81

	 	Hanover Compressor Peru S.A.C.
	 	Peru
	82

	 	Hanover Peru Selva S.R.L.
	 	Peru
	83

	 	Hanover International SA
	 	Switzerland
	84

	 	Hanover Compressor Holding Company NL B.V.
	 	Netherlands
	85

	 	Belleli Energy S.P.A.
	 	Italy
	86

	 	Production Operators Cayman Inc
	 	Cayman Islands
	87

	 	Hanover Venezuela, C.A.
	 	Venezuela
	88

	 	HC Cayman Ltd.
	 	Cayman Islands
	89

	 	Aurora (Barbados), SRL
	 	Barbados
	90

	 	Hanover Canada Corporation
	 	Alberta
	91

	 	H.C.C. Compressor de Venezuela, C.A.
	 	Venezuela
	92

	 	Hanover Bolivia Ltda.
	 	Bolivia
	93

	 	Hanover Brasil Ltda.
	 	Brazil
	94

	 	Hanover Nigeria Energy Services Limited
	 	Nigeria
	95

	 	HG Compression Services Nigeria Limited (51%)
	 	Nigeria
	96

	 	Hanover Services (GB) Ltd.
	 	United Kingdom
	97

	 	Hanover Middle East LLC (70%)
	 	Oman
	98

	 	Hanover Eastern Hemisphere F.Z.E.
	 	United Arab Emirates
	99

	 	Hanover Pakistan (Private) Limited
	 	Pakistan
	100

	 	Hanover Compressor Services B.V.
	 	Netherlands
	101

	 	Hanover Malta Holding Limited
	 	Malta
	102

	 	Hanover North Africa Limited
	 	Malta
	103

	 	Hanover Egypt LLC
	 	Egypt
	104

	 	Hanover Kazakhstan LLP
	 	Kazakhstan
	105

	 	Belleli Energy CPE S.p.A.
	 	Italy
	106

	 	Belleli Energy FZE
	 	United Arab Emirates
	107

	 	Belleli Energy Djibouti FZCO
	 	Djibouti
	108

	 	Arabian European Mechanical Company Ltd. (49%)
	 	Saudi Arabia

Schedule 7.14— 3

 

 

	 	 	 	 	 
	 	 	 	 	Jurisdiction of
	 	 	 	 	Incorporation/
	 	 	Company	 	Organization
	109

	 	Servicompresores, C.A.
	 	Venezuela
	110

	 	Hanover (GB) Limited
	 	United Kingdom
	111

	 	Hanover Poland sp. z.o.o.
	 	Poland

Schedule 7.14— 4

 

 

Schedule 7.19 —  Hedging Agreements

(As of July 31, 2007)

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	EFFECTIVE	 	 	 	 	 	 	 	 	 	 	MTM	 
	COUNTERPARTY	 	NOTIONAL	 	 	DATE	 	 	MATURE	 	 	RATE	 	 	7/31/2007	 
	Floating to Fixed Cash Flow Hedges	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	JP Morgan
	 	$	68,750	 	 	 	01/27/05	 	 	 	03/31/10	 	 	 	0.04037	 	 	$	1,269	 
	Wachovia
	 	$	68,750	 	 	 	01/27/05	 	 	 	03/31/10	 	 	 	0.03990	 	 	$	1,224	 
	Deutsche
	 	$	68,750	 	 	 	01/27/05	 	 	 	03/31/10	 	 	 	0.04035	 	 	$	1,220	 
	Scotia
	 	$	68,750	 	 	 	01/27/05	 	 	 	03/31/10	 	 	 	0.04007	 	 	$	962	 
	 
	 	$	275,000	 	 	 	 	 	 	 	 	 	 	 	0.04017	 	 	$	4,675	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	ABS Floating to Fixed	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Wachovia
	 	$	63,613	 	 	 	04/02/04	 	 	 	01/20/13	 	 	 	0.05210	 	 	$	(218	)
	Wachovia
	 	$	43,939	 	 	 	11/01/05	 	 	 	08/20/19	 	 	 	0.04450	 	 	$	1,830	 
	RBS/Ambac
	 	$	51,633	 	 	 	11/28/05	 	 	 	08/20/19	 	 	 	0.05020	 	 	$	1,567	 
	 
	 	$	159,185	 	 	 	 	 	 	 	 	 	 	 	0.04939	 	 	$	3,179	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	TOTAL
	 	$	434,185	 	 	 	 	 	 	 	 	 	 	 	0.04355	 	 	$	7,854	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

Hanover Compression Limited Partnership

($thousands)

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	EFFECTIVE	 	 	 	 	 	 	Floating	 	 	MTM	 
	COUNTERPARTY	 	NOTIONAL	 	 	DATE	 	 	MATURE	 	 	RATE	 	 	7/31/2007	 
	(Fair Value Hedges) Fixed to Floating	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Wachovia
	 	$	100,000	 	 	 	03/31/04	 	 	 	12/15/10	 	 	 	9.6920	%	 	$	(4,453	)
	Scotia
	 	$	100,000	 	 	 	03/15/07	 	 	 	12/15/10	 	 	 	9.7720	%	 	$	(4,154	)
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	$	(8,607	)
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

Schedule 7.19— 1

 

 

Schedule 7.20 — Restriction on Liens

	1.	 	The ABS Facility, including without limitation, the Intercreditor Agreement, as defined in
the Senior Secured Credit Agreement.
	 
	2.	 	See also Schedule 10.02.

Schedule 7.20— 1

 

 

Schedule 8.08 — Canadian Taxes

NONE

Schedule 8.08— 1

 

 

Schedule 8.09 — Location of Canadian Personal Property

NONE

Schedule 8.09— 1

 

 

Schedule 9.07(a) — US Excluded Collateral

Each reference to Collateral or to any relevant type or item of Property constituting Collateral
shall be deemed to exclude (i) tangible Property that is not located in the continental United
States (including its possessions), (ii) motor vehicles, forklifts, trailers photocopiers or any
property which may be covered by a certificate of title, (iii) Equity Interests in each first-tier
Foreign Subsidiary required to prevent the Collateral from including more than 65% of all Equity
Interests in such Foreign Subsidiary, (iv) any lease, license, contract, property rights or
agreement to which the US Borrower or any Subsidiary is a party or any of its rights or interests
thereunder if and for so long as the grant of such security interest shall constitute or result in
(A) the abandonment, invalidation or unenforceability of any right, title or interest of such
Person therein or (B) in a breach or termination pursuant to the terms of, or a default under, any
such lease, license, contract property rights or agreement (other than to the extent that any such
term would be rendered ineffective pursuant to Sections 9-406, 9-407, 9-408 or 9-409 of the Uniform
Commercial Code); provided, however that such security interest shall, unless otherwise not
included from the Collateral under the Loan Documents, attach immediately at such time as the
condition causing such abandonment, invalidation or unenforceability shall be remedied and to the
extent severable, shall attach immediately to any portion of such lease, license, contract,
property rights or agreement that does not result in any of the consequences specified in (A) or
(B) above, (v) Property owned by other Persons involved in an ABS Facility; (vi) any Property
subject to a Lien permitted by Section 10.02(b), (e) or (g) of this Agreement, so long as such Lien
is in effect, and (vii) any Property owned by a member of the EPLP Group.

Schedule 9.07(a)— 1

 

 

Schedule 9.07(b) — Canadian Excluded Collateral

Each reference to Collateral located in Canada or to any relevant type or item of Property
constituting Collateral located in Canada shall be deemed to exclude (i) any general intangibles or
other rights arising under any contract, instrument, license or other document if (but only to the
extent that) the grant of a security interest therein would constitute a violation of a valid and
enforceable restriction in favour of a third party, unless and until all required consents shall
have been obtained (and where such consents have not been obtained, such general intangibles or
other rights shall be held in trust for the Canadian Administrative Agent and shall be subject to
the direction of the Canadian Administrative Agent upon the occurrence and continuance of an Event
of Default), (ii) Property owned by or assigned to the ABS Subsidiaries as permitted under the
Credit Agreement; provided that, upon the transfer of such Property (owned or assigned to any ABS
Subsidiary) to a Significant Canadian Subsidiary, such Property shall, unless otherwise not
included from the Collateral under the Loan Documents, become Collateral, (iii) any Property
subject to a Lien permitted by Section 10.02(b), (e) or (g) of the Credit Agreement, so long as
such Lien is in effect, (iv) any Property owned by a member of the EPLP Group as permitted under
the Credit Agreement and (v) “Consumer Goods” (as defined in the Personal Property Security Act
(Alberta) or any comparable legislation in any other Canadian province or territory).

Schedule 9.07(b)— 1

 

 

Schedule 10.01 — Debt

	1.	 	The Existing Indebtedness and the guarantee by the US Borrower of Hanover’s obligations under
the 4.75% Convertible Notes Due 2014 and the 4.75% Convertible Notes Due 2008.

	2.	 	Miscellaneous equipment leases and other equipment financings as noted on Schedule 10.02,
Item 2.

	3.	 	Letters of credit issued under Belleli’s bank facilities not in excess of $32 million and
insurance premium financing of the US Borrower and its Subsidiaries.

Schedule 10.01— 1

 

 

Schedule 10.02 — Liens

	1.	 	Liens securing the Existing Indebtedness.

	2.	 	The following UCC filings and Canadian equivalents securing obligations under equipment
leases and other equipment financings, the Existing Hanover Credit Agreement, the 8.50%
Equipment Lease Notes or the 8.75% Equipment Lease Notes:

	 	 	 	 	 	 	 
	Energy Transfer Hanover-Ventures, L.P.
	 	 	 	 	 	 
	12001 North Houston Rosslyn
	 	 	 	 	 	 
	Houston, TX 77086

	 	 	3385063	 	 	DELAWARE
	 
	 	 	 	 	 	 
	Equity Leasing Corporation
	 	 	 	 	 	 
	12001 North Houston Rosslyn
	 	 	 	 	 	 
	Houston, TX 77086

	 	 	 	 	 	OKLAHOMA
	 
	 	 	 	 	 	 
	Hanover Asia, Inc.
	 	 	 	 	 	 
	12001 North Houston Rosslyn
	 	 	 	 	 	 
	Houston, TX 77086

	 	 	3070145	 	 	DELAWARE
	 
	 	 	 	 	 	 
	Hanover Australia, L.L.C.
	 	 	 	 	 	 
	12001 North Houston Rosslyn
	 	 	 	 	 	 
	Houston, TX 77086

	 	 	3261121	 	 	DELAWARE
	 
	 	 	 	 	 	 
	Hanover Colombia Leasing LLC
	 	 	 	 	 	 
	12001 North Houston Rosslyn
	 	 	 	 	 	 
	Houston, TX 77086

	 	 	3695427	 	 	DELAWARE
	 
	 	 	 	 	 	 
	Hanover Compressor Capital Trust
	 	 	 	 	 	 
	12001 North Houston Rosslyn
	 	 	 	 	 	 
	Houston, TX 77086

	 	 	3134346	 	 	DELAWARE
	 
	 	 	 	 	 	 
	Hanover Compression General Holdings, LLC
	 	 	 	 	 	 
	12001 North Houston Rosslyn
	 	 	 	 	 	 
	Houston, TX 77086

	 	 	3326648	 	 	DELAWARE
	 
	 	 	 	 	 	 
	Hanover Compressor Company
	 	 	 	 	 	 
	12001 North Houston Rosslyn
	 	 	 	 	 	 
	Houston, TX 77086

	 	 	3134929	 	 	DELAWARE
	 
	 	 	 	 	 	 
	Hanover Compression Limited Partnership
	 	 	 	 	 	 
	12001 North Houston Rosslyn
	 	 	 	 	 	 
	Houston, TX 77086

	 	 	3326660	 	 	DELAWARE
	 
	 	 	 	 	 	 
	Hanover Compressed Natural Gas Services, LLC
	 	 	 	 	 	 
	12001 North Houston Rosslyn
	 	 	 	 	 	 
	Houston, TX 77086

	 	 	3451373	 	 	DELAWARE
	 
	 	 	 	 	 	 
	Hanover Compressor Nigeria, Inc.
	 	 	 	 	 	 
	12001 North Houston Rosslyn
	 	 	 	 	 	 
	Houston, TX 77086

	 	 	2622737	 	 	DELAWARE
	 
	 	 	 	 	 	 
	Hanover Ecuador L.L.C.
	 	 	 	 	 	 
	12001 North Houston Rosslyn
	 	 	 	 	 	 
	Houston, TX 77086

	 	 	3251631	 	 	DELAWARE

Schedule 10.02— 1

 

 

	 	 	 	 	 	 	 
	Hanover General Energy Transfer, LLC
	 	 	 	 	 	 
	12001 North Houston Rosslyn
	 	 	 	 	 	 
	Houston, TX 77086

	 	 	3382629	 	 	DELAWARE
	 
	 	 	 	 	 	 
	Hanover HL, LLC
	 	 	 	 	 	 
	12001 North Houston Rosslyn
	 	 	 	 	 	 
	Houston, TX 77086

	 	 	3608657	 	 	DELAWARE
	 
	 	 	 	 	 	 
	Hanover HL Holdings, LLC
	 	 	 	 	 	 
	12001 North Houston Rosslyn
	 	 	 	 	 	 
	Houston, TX 77086

	 	 	3608238	 	 	DELAWARE
	 
	 	 	 	 	 	 
	Hanover IDR, Inc.
	 	 	 	 	 	 
	12001 North Houston Rosslyn
	 	 	 	 	 	 
	Houston, TX 77086

	 	 	3281862	 	 	DELAWARE
	 
	 	 	 	 	 	 
	Hanover Limited Energy Transfer, LLC
	 	 	 	 	 	 
	12001 North Houston Rosslyn
	 	 	 	 	 	 
	Houston, TX 77086

	 	 	3382635	 	 	DELAWARE
	 
	 	 	 	 	 	 
	Hanover Partners Nigeria LLC
	 	 	 	 	 	 
	12001 North Houston Rosslyn
	 	 	 	 	 	 
	Houston, TX 77086

	 	 	3473446	 	 	DELAWARE
	 
	 	 	 	 	 	 
	Hanover SPE, L.L.C.
	 	 	 	 	 	 
	12001 North Houston Rosslyn
	 	 	 	 	 	 
	Houston, TX 77086

	 	 	2970030	 	 	DELAWARE
	 
	 	 	 	 	 	 
	Hanover/Trinidad, L. L.0 .
	 	 	 	 	 	 
	12001 North Houston Rosslyn
	 	 	 	 	 	 
	Houston, TX 77086

	 	 	3239942	 	 	DELAWARE
	 
	 	 	 	 	 	 
	HC Cayman LLC
	 	 	 	 	 	 
	12001 North Houston Rosslyn
	 	 	 	 	 	 
	Houston, TX 77086

	 	 	3136530	 	 	DELAWARE
	 
	 	 	 	 	 	 
	HC Leasing, Inc.
	 	 	 	 	 	 
	12001 North Houston Rosslyn
	 	 	 	 	 	 
	Houston, TX 77086

	 	 	3469682	 	 	DELAWARE
	 
	 	 	 	 	 	 
	HCL Colombia, Inc.
	 	 	 	 	 	 
	12001 North Houston Rosslyn
	 	 	 	 	 	 
	Houston, TX 77086

	 	 	3332084	 	 	DELAWARE
	 
	 	 	 	 	 	 
	KOG, Inc.
	 	 	 	 	 	 
	12001 North Houston Rosslyn
	 	 	 	 	 	 
	Houston, TX 77086

	 	 	2208978	 	 	DELAWARE
	 
	 	 	 	 	 	 
	Nigerian Leasing, LLC
	 	 	 	 	 	 
	12001 North Houston Rosslyn
	 	 	 	 	 	 
	Houston, TX 77086

	 	 	3294537	 	 	DELAWARE
	 
	 	 	 	 	 	 
	Southwest Industries, Inc.
	 	 	 	 	 	 
	12001 North Houston Rosslyn
	 	 	 	 	 	 
	Houston, TX 77086

	 	 	3421739	 	 	DELAWARE
	 
	 	 	 	 	 	 
	Hanover Compression Inc.
	 	 	 	 	 	 
	12001 North Houston Rosslyn
	 	 	 	 	 	 
	Houston, TX 77086

	 	 	21203649	 	 	DELAWARE

Schedule 10.02— 2

 

 

	 	 	 	 	 	 	 
	Hanover Compression Limited Partnership
	 	 	 	 	 	 
	12001 North Houston Rosslyn
	 	 	 	 	 	 
	Houston, TX 77086

	 	 	32285941	 	 	DELAWARE
	 
	 	 	 	 	 	 
	Hanover Compression Limited Partnership
	 	 	 	 	 	 
	12001 North Houston Rosslyn
	 	 	 	 	 	 
	Houston, TX 77086

	 	 	32285982	 	 	DELAWARE
	 
	 	 	 	 	 	 
	Hanover Compression Limited Partnership
	 	 	 	 	 	 
	11000 Corporate Centre Drive, Suite 200
	 	 	 	 	 	 
	Houston, TX 77041

	 	 	41825746	 	 	DELAWARE
	 
	 	 	 	 	 	 
	Hanover Compression Inc.
	 	 	 	 	 	 
	12001 North Houston Rosslyn
	 	 	 	 	 	 
	Houston, TX 77086

	 	 	43045731	 	 	DELAWARE
	 
	 	 	 	 	 	 
	Hanover Compression Limited Partnership
	 	 	 	 	 	 
	11000 Corporate Centre Drive, Suite 200
	 	 	 	 	 	 
	Houston, TX 77041

	 	 	52547116	 	 	DELAWARE
	 
	 	 	 	 	 	 
	Hanover Compression Limited Partnership
	 	 	 	 	 	 
	11000 Corporate Centre Drive, Suite 200
	 	 	 	 	 	 
	Houston, TX 77041

	 	 	63356409	 	 	DELAWARE
	 
	 	 	 	 	 	 
	Hanover Compression Limited Partnership
	 	 	 	 	 	 
	9704 W I-20
	 	 	 	 	 	 
	Midland, TX 79706

	 	 	63720794	 	 	DELAWARE
	 
	 	 	 	 	 	 
	Hanover Compression Limited Partnership
	 	 	 	 	 	 
	11000 Corporate Centre Drive, Suite 200
	 	 	 	 	 	 
	Houston, TX 77041

	 	 	41825910	 	 	DELAWARE
	 
	 	 	 	 	 	 
	Hanover Compression Inc.
	 	 	 	 	 	 
	12001 North Houston Rosslyn
	 	 	 	 	 	 
	Houston, TX 77086

	 	 	41880345	 	 	DELAWARE
	 
	 	 	 	 	 	 
	Universal Compression Canada Limited
	 	 	 	 	 	 
	Partnership

	 	 	05040535063	 	 	ALBERTA
	 
	 	 	 	 	 	 
	Universal Compression Canada Limited
	 	 	 	 	 	 
	Partnership

	 	 	0531726408	 	 	ALBERTA
	 
	 	 	 	 	 	 
	Universal Compression Canada Limited
	 	 	 	 	 	 
	Partnership

	 	 	06021625998	 	 	ALBERTA
	 
	 	 	 	 	 	 
	Universal Compression Canada Limited
	 	 	 	 	 	 
	Partnership

	 	 	06041700136	 	 	ALBERTA
	 
	 	 	 	 	 	 
	Universal Compression Canada Limited
	 	 	 	 	 	 
	Partnership

	 	 	06041828366	 	 	ALBERTA
	 
	 	 	 	 	 	 
	Universal Compression Canada Limited
	 	 	 	 	 	 
	Partnership

	 	 	06072018465	 	 	ALBERTA

Schedule 10.02— 3

 

 

	 	 	 	 	 	 	 
	Universal Compression Canada Limited
	 	 	 	 	 	 
	Partnership

	 	 	07052440760	 	 	ALBERTA
	 
	 	 	 	 	 	 
	Universal Compression Canada Limited

	 	 	04052530815	 	 	ALBERTA
	 
	 	 	 	 	 	 
	Universal Compression Canada Limited

	 	 	05031803066	 	 	ALBERTA
	 
	 	 	 	 	 	 
	Universal Compression Canada Limited

	 	 	05060225983	 	 	ALBERTA
	 
	 	 	 	 	 	 
	Universal Compression Canada Limited

	 	 	01112223571	 	 	ALBERTA
	 
	 	 	 	 	 	 
	Universal Compression Canada Limited

	 	 	03051438343	 	 	ALBERTA
	 
	 	 	 	 	 	 
	Universal Compression Canada

	 	 	04120231586	 	 	ALBERTA
	 
	 	 	 	 	 	 
	Universal Compression Canada

	 	 	05081238882	 	 	ALBERTA
	 
	 	 	 	 	 	 
	Universal Compression Canada

	 	 	05111812037	 	 	ALBERTA
	 
	 	 	 	 	 	 
	Universal Compression Canada

	 	 	01101130951	 	 	ALBERTA
	 
	 	 	 	 	 	 
	Universal Compression Canada

	 	 	03040128625	 	 	ALBERTA
	 
	 	 	 	 	 	 
	Universal Compression Canada

	 	 	04062408721	 	 	ALBERTA
	 
	 	 	 	 	 	 
	Universal Compression Canada Limited

	 	 	8791951	 	 	BRITISH COLUMBIA
	 
	 	 	 	 	 	 
	Hanover Maloney Inc.

	 	 	03040318002	 	 	ALBERTA
	 
	 	 	 	 	 	 
	Maloney Industries Inc.

	 	 	00060532736	 	 	ALBERTA

Schedule 10.02— 4

 

 

	 	 	 	 	 	 	 
	Maloney Industries Inc.

	 	 	00060532884	 	 	ALBERTA
	 
	 	 	 	 	 	 
	Collicutt Hanover Services Ltd.

	 	 	00021718762	 	 	ALBERTA
	 
	 	 	 	 	 	 
	Hanover Compression Limited Partnership
	 	 	 	 	 	 
	12001 North Houston Rosslyn
	 	 	 	 	 	 
	Houston, TX 77086

	 	 	20346795	 	 	DELAWARE
	 
	 	 	 	 	 	 
	Hanover Compression Limited Partnership
	 	 	 	 	 	 
	12001 North Houston Rosslyn
	 	 	 	 	 	 
	Houston, TX 77086

	 	 	20346803	 	 	DELAWARE
	 
	 	 	 	 	 	 
	Hanover Compression Limited Partnership
	 	 	 	 	 	 
	12001 North Houston Rosslyn
	 	 	 	 	 	 
	Houston, TX 77086

	 	 	20346837	 	 	DELAWARE
	 
	 	 	 	 	 	 
	Hanover Compression Limited Partnership
	 	 	 	 	 	 
	12001 North Houston Rosslyn
	 	 	 	 	 	 
	Houston, TX 77086

	 	 	20346860	 	 	DELAWARE
	 
	 	 	 	 	 	 
	Hanover Compression Limited Partnership
	 	 	 	 	 	 
	12001 North Houston Rosslyn
	 	 	 	 	 	 
	Houston, TX 77086

	 	 	21203649	 	 	DELAWARE
	 
	 	 	 	 	 	 
	Hanover Compression Limited Partnership
	 	 	 	 	 	 
	12001 North Houston Rosslyn
	 	 	 	 	 	 
	Houston, TX 77086

	 	 	32285941	 	 	DELAWARE
	 
	 	 	 	 	 	 
	Hanover Compression Limited Partnership
	 	 	 	 	 	 
	12001 North Houston Rosslyn
	 	 	 	 	 	 
	Houston, TX 77086

	 	 	32285982	 	 	DELAWARE
	 
	 	 	 	 	 	 
	Hanover Compression Limited Partnership
	 	 	 	 	 	 
	11000 Corporate Centre Dr., Suite 200
	 	 	 	 	 	 
	Houston, TX 77041

	 	 	41825746	 	 	DELAWARE
	 
	 	 	 	 	 	 
	Hanover Compression Limited Partnership
	 	 	 	 	 	 
	11000 Corporate Centre Dr., Suite 200
	 	 	 	 	 	 
	Houston, TX 77041

	 	 	41825910	 	 	DELAWARE
	 
	 	 	 	 	 	 
	Hanover Compression Inc.
	 	 	 	 	 	 
	12001 North Houston Rosslyn
	 	 	 	 	 	 
	Houston, TX 77086

	 	 	43045731	 	 	DELAWARE
	 
	 	 	 	 	 	 
	Hanover Compression Inc.
	 	 	 	 	 	 
	12001 North Houston Rosslyn
	 	 	 	 	 	 
	Houston, TX 77086

	 	 	51021709	 	 	DELAWARE
	 
	 	 	 	 	 	 
	Hanover Compression Limited Partnership
	 	 	 	 	 	 
	11000 Corporate Centre Dr., Suite 200
	 	 	 	 	 	 
	Houston, TX 77041

	 	 	52547116	 	 	DELAWARE
	 
	 	 	 	 	 	 
	Hanover Compression Limited Partnership
	 	 	 	 	 	 
	11000 Corporate Centre Dr., Suite 200
	 	 	 	 	 	 
	Houston, TX 77041

	 	 	53287902	 	 	DELAWARE

Schedule 10.02— 5

 

 

	 	 	 	 	 	 	 
	Hanover Compression Limited Partnership
	 	 	 	 	 	 
	11000 Corporate Centre Dr., Suite 200
	 	 	 	 	 	 
	Houston, TX 77041

	 	 	63356409	 	 	DELAWARE
	 
	 	 	 	 	 	 
	Hanover Compression Limited Partnership
	 	 	 	 	 	 
	9704 W. I-20
	 	 	 	 	 	 
	Midland, TX 79706

	 	 	63720794	 	 	DELAWARE
	 
	 	 	 	 	 	 
	Universal Compression, Inc.
	 	 	 	 	 	 
	4440 Brittmore Rd.
	 	 	 	 	 	 
	Houston, TX 77041

	 	 	00-00519011	 	 	TEXAS
	 
	 	 	 	 	 	 
	Universal Compression, Inc.
	 	 	 	 	 	 
	4440 Brittmore Rd.
	 	 	 	 	 	 
	Houston, TX 77041

	 	 	00-00620485	 	 	TEXAS
	 
	 	 	 	 	 	 
	Exterran, Inc.
	 	 	 	 	 	 
	4440 Brittmore Rd.
	 	 	 	 	 	 
	Houston, TX 77041

	 	 	02-0036924026	 	 	TEXAS
	 
	 	 	 	 	 	 
	Exterran, Inc.
	 	 	 	 	 	 
	4440 Brittmore Rd.
	 	 	 	 	 	 
	Houston, TX 77041

	 	 	03-0024000908	 	 	TEXAS
	 
	 	 	 	 	 	 
	Exterran, Inc.
	 	 	 	 	 	 
	4440 Brittmore Rd.
	 	 	 	 	 	 
	Houston, TX 77041

	 	 	03-0028145457	 	 	TEXAS
	 
	 	 	 	 	 	 
	Exterran, Inc.
	 	 	 	 	 	 
	3808 South Eastman Road
	 	 	 	 	 	 
	Longview, TX 75602

	 	 	003-0035082394	 	 	TEXAS
	 
	 	 	 	 	 	 
	Exterran, Inc.
	 	 	 	 	 	 
	4440 Brittmore Rd.
	 	 	 	 	 	 
	Houston, TX 77041

	 	 	03-0036006523	 	 	TEXAS
	 
	 	 	 	 	 	 
	Exterran
	 	 	 	 	 	 
	9021 State Hwy 107
	 	 	 	 	 	 
	Mission, TX 78574

	 	 	04-0048500667	 	 	TEXAS
	 
	 	 	 	 	 	 
	Exterran, Inc.
	 	 	 	 	 	 
	4440 Brittmore Rd.
	 	 	 	 	 	 
	Houston, TX 77041

	 	 	04-0063267927	 	 	TEXAS
	 
	 	 	 	 	 	 
	Exterran, Inc.
	 	 	 	 	 	 
	4440 Brittmore Rd.
	 	 	 	 	 	 
	Houston, TX 77041

	 	 	05-0014085548	 	 	TEXAS
	 
	 	 	 	 	 	 
	Exterran, Inc.
	 	 	 	 	 	 
	4440 Brittmore Rd.
	 	 	 	 	 	 
	Houston, TX 77041

	 	 	06-0006345135	 	 	TEXAS
	 
	 	 	 	 	 	 
	Exterran, Inc.
	 	 	 	 	 	 
	4440 Brittmore Rd.
	 	 	 	 	 	 
	Houston, TX 77041

	 	 	06-0011344302	 	 	TEXAS
	 
	 	 	 	 	 	 
	Exterran, Inc.
	 	 	 	 	 	 
	4440 Brittmore Rd.
	 	 	 	 	 	 
	Houston, TX 77041

	 	 	06-0018659015	 	 	TEXAS

Schedule 10.02— 6

 

 

	 	 	 	 	 	 	 
	Exterran, Inc.
	 	 	 	 	 	 
	4440 Brittmore Rd.
	 	 	 	 	 	 
	Houston, TX 77041

	 	 	06-0037918711	 	 	TEXAS
	 
	 	 	 	 	 	 
	Exterran, Inc.
	 	 	 	 	 	 
	4440 Brittmore Rd.
	 	 	 	 	 	 
	Houston, TX 77041

	 	 	07-0000640926	 	 	TEXAS
	 
	 	 	 	 	 	 
	Exterran, Inc.
	 	 	 	 	 	 
	4440 Brittmore Rd.
	 	 	 	 	 	 
	Houston, TX 77041

	 	 	07-0002291041	 	 	TEXAS
	 
	 	 	 	 	 	 
	Exterran, Inc.
	 	 	 	 	 	 
	4440 Brittmore Rd.
	 	 	 	 	 	 
	Houston, TX 77041

	 	 	07-0013306333	 	 	TEXAS
	 
	 	 	 	 	 	 
	Exterran, Inc.
	 	 	 	 	 	 
	4440 Brittmore Rd.
	 	 	 	 	 	 
	Houston, TX 77041

	 	 	07-0023579871	 	 	TEXAS
	 
	 	 	 	 	 	 
	Exterran, Inc.
	 	 	 	 	 	 
	4440 Brittmore Rd.
	 	 	 	 	 	 
	Houston, TX 77041

	 	 	13-1742850004	 	 	TEXAS

	3.	 	Other Existing Liens

	 	a.	 	Our subsidiary, Belleli Energy S.P.A. has financed its operations through the factoring
liens securing its receivables. In addition, Belleli has Liens securing its revolving
credit facilities.
	 
	 	b.	 	Pledge of equity interest in Harwat International Finance Corp. and other Liens to
Royal Bank of Scotland to secure financing.
	 
	 	c.	 	Pledge of equity interest in Harwat International Finance Corp. and other Liens to Bank
of Scotland to secure financing.
	 
	 	d.	 	Liens, including pledge by Hanover Cayman Limited of its interest in WilPro Energy
Sevices (PIGAP II) Limited to secure the non-recourse project financing obtained by WilPro
Energy Services (El Furrial) Limited.
	 
	 	e.	 	Liens, including pledge by Production Operators Cayman Inc. of its interest in WilPro
Energy Services (El Furrial) Limited to secure a non-recourse project financing.
	 
	 	f.	 	Liens securing letters of credit, insurance premium financing, capital lease
obligations, Hedging Agreements, guarantees and surety bonds of US Borrower and its
Subsidiaries.

Schedule 10.02— 7

 

 

	4.	 	Mortgaged Real Property securing Debt under the Existing Hanover Credit Agreement includes:

	 	 	 	 	 
	ADDRESS/STATE	 	COUNTY/PARISH
	1.

	 	9704 West 120, Midland, TX 79706
	 	Midland County
	 
	 	 	 	 
	2.

	 	1203 Industrial Park Drive, Victoria, TX 77905-0616
	 	Victoria County
	 
	 	 	 	 
	3.

	 	2019 Hwy 135, Kilgore, TX 75662
	 	Gregg County
	 
	 	 	 	 
	4.

	 	8193 Lone Tree Road, Victoria, TX 77905-3792
	 	Victoria County
	 
	 	 	 	 
	5.

	 	1302 Saratoga, Corpus Christi, TX 78417-3333
	 	Nueces County
	 
	 	 	 	 
	6.

	 	20602 East 81st, Broken Arrow, OK 74014-2935
	 	Wagoner County
	 
	 	 	 	 
	7.

	 	301 Cummings, Pocola, Oklahoma 74902-3612
	 	Le Flore County
	 
	 	 	 	 
	8.

	 	801 Industrial Park, Davis, Oklahoma 73030
	 	Murray County
	 
	 	 	 	 
	9.

	 	1114 Hughes Road, Broussard, LA 70518-8045
	 	Saint Martin Parish
	 
	 	 	 	 
	10.

	 	1280 Troy King, Farmington, NM 87401-3623
	 	San Juan County
	 
	 	 	 	 
	11.

	 	2207 FM 949, Alleytown, TX 78935-2034
	 	Colorado County
	 
	 	 	 	 
	12.

	 	1600 West Vandament, Yukon, OK 73099-4402
	 	Canadian County

Schedule 10.02— 8

 

 

Schedule 10.03 — Investments, Loans and Advances

	1.	 	Existing investments in Subsidiaries including any member of the EPLP Group.
	 
	2.	 	Existing Investments in Foreign Subsidiaries.
	 
	3.	 	Existing Investments in WilPro Energy Services (PigapII) Limited, WilPro Energy Services (El
Furrial) Limited, Harwat International Finance Corp., and Simco Consortium Venezuela
Investment.

Schedule 10.03— 1

 

 

Schedule 10.05 — Unrestricted Subsidiaries

	 	 	 	 	 
	 	 	 	 	Jurisdiction of
	 	 	 	 	Incorporation/
	 	 	Company	 	Organization
	1

	 	Hanover Malaysia SDN, BHD
	 	Malaysia
	2

	 	H.C.C. Compressor de Venezuela, C.A.
	 	Venezuela
	3

	 	HC Cayman Ltd.
	 	Cayman Islands
	4

	 	Hanover Compressor Capital Trust
	 	Delaware
	5

	 	HC Cayman LLC
	 	Delaware
	6

	 	Hanover Compressed Natural Gas Services LLC
	 	Delaware
	7

	 	HCL Colombia, Inc.
	 	Delaware
	8

	 	Hanover SPE LLC
	 	Delaware
	9

	 	Hanover Australia LLC
	 	Delaware
	10

	 	Nigerian Leasing, LLC
	 	Delaware
	11

	 	Hanover Partners Nigeria LLC
	 	Delaware
	12

	 	Exterran Partners, L.P.
	 	Delaware
	13

	 	EXLP Operating LLC
	 	Delaware
	14

	 	EXLP Leasing LLC
	 	Delaware

Schedule 10.05— 1

 

 

Schedule 10.14(j) — Permitted Property Sales

U.S. 

Offices, fabrication facilities and other buildings and improvements located at 12001
N. Houston Rosslyn, Houston TX

Italy & UAE

The Equity Interest in entities organized in Italy or its subsidiaries, Property
located in Italy or Property otherwise for the operations or business in Italy,
including the Equity Interest in Belleli Energy SpA or its subsidiaries or the Property
thereof.

Venezuela

The Equity Interest in entities organized in Venezuela, Property located in Venezuela
or Property otherwise for the operations or business in Venezuela, including Equity
Interests of Persons not organized in Venezuela and the Property thereof, including:

Wilpro Energy Services (El Furrial ) Limited (Cayman Islands entity)

Wilpro Energy Services (PIGAP II) Limited (Cayman Islands entity)

Harwatt Internationl Finaince Corp. N.V. (The Netherlands entity) & Simco
Consortium (Venezuelan entity)

Nigeria

The Equity Interest in entities organized in Nigeria, Property located in Nigeria or
Property otherwise for the operations or business in Nigeria, including Equity
Interests of Persons not organized in Nigeria and the Property thereof, including:

Cawthorne Channel Gas Proceesing Barges and related facilities and other Property

Otumra Gas Processing Barge and related facilities and other Property

Minority Investment in Global Energy

Oguta Compression Assets and related facilities and other Property

Amni Compression Assets and related facilities and other Property

Schedule 10.14(j)— 1

 

 

Schedule 10.16 — Transactions with Affiliates

	1.	 	Contribution, Conveyance and Assumption Agreement dated October 20, 2006, pursuant to which
Holdings and its Subsidiaries will convey a portion of their domestic contract compression
business to the EPLP Group.

	2.	 	Amended and Restated Contribution Conveyance and Assumption Agreement, dated July 6, 2007, by
and among Exterran Partners, L.P., Exterran, Inc., UCO Compression 2005 LLC, EI Leasing LLC,
UCO GP, LLC, UCI GP LP LLC, UCO General Partner, LP, UCI MLP LP LLC, UCLP Operating LLC and
UCLP Leasing LLC, as amended by the First Amendment to Omnibus Agreement, dated July 9, 2007.

	3.	 	Omnibus Agreement.

	4.	 	Transactions with Affiliates disclosed in the existing SEC filings of the US Borrower and
Subsidiaries.

	5.	 	In connection with our acquisition of Tidewater Compression in 1998, we entered into a
registration rights agreement with Castle Harlan Partners III, L.P. and some of our other
stockholders (including certain of our directors and officers). Under the registration rights
agreement, these stockholders generally have the right to require us to register any or all of
their shares of our common stock under the Securities Act of 1933, at our expense, subject to
certain minimum dollar values. In addition, these stockholders are generally entitled to
include, at our expense, their shares of our common stock covered by the registration rights
agreement in any registration statement that we propose to file with respect to registration
of our common stock under the Securities Act of 1933. We also agreed in this registration
rights agreement to indemnify the stockholders against specified liabilities, including
liabilities under the Securities Act of 1933.

	6.	 	Transactions among Borrowers and Restricted Subsidiaries, and among Restricted
Subsidiaries.

Schedule 10.16— 1

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