Document:

Exhibit 10.2

 Exhibit 10.2 
 PROPERTY ACQUISITION/DISPOSITION 
 AGREEMENT 
 THIS AGREEMENT is made and entered into as of April 23, 2008, by and between Apple REIT Nine, Inc., a Virginia corporation (hereinafter referred to as
“Owner”), and Apple Suites Realty Group, Inc., a Virginia corporation (hereinafter referred to as “Agent”). 
 WITNESSETH:

 WHEREAS, Owner plans to conduct business as a “real estate investment trust,” and, in connection therewith, plans to, from time
to time, acquire and dispose of real property, including particularly hotels, residential apartment communities and other income-producing real estate in selected metropolitan areas of the United States (hereinafter referred to individually as a
“Property” and collectively as the “Properties”); 
 WHEREAS, Owner desires to use the services of Agent as a broker in
connection with the acquisition and disposition of the Properties on the terms set forth in this Agreement; and 
 WHEREAS, Owner and Agent
desire to enter into this Agreement for the purposes herein contained. 
 NOW, THEREFORE, in consideration of the promises herein contained,
and for other valuable consideration, receipt of which is hereby acknowledged, the parties agree as follows: 
 1. Engagement of Agent as
Broker for the Properties. Owner hereby engages Agent as a broker in connection with the purchase and sale of the Properties, upon the conditions and for the term and compensation herein set forth. All or any portion of the services being performed
by Agent may be contracted or subcontracted by Agent to another company, provided that such company agrees to be bound by the terms of this Agreement. 
 2. Term of Agreement; Renewal. This Agreement shall be valid for an initial term of five (5) years ending April 23,             , 2013. Unless either
party by written notice sent to the other party at least sixty (60) days before the end of any 5-year term hereof elects not to renew this Agreement, this Agreement shall renew automatically for successive terms of five (5) years on the
same terms as contained herein. 
 3. Acceptance of Engagement. Agent hereby accepts its engagement as a broker for the purchase and sale of
the Properties and agrees to perform all services necessary to effectuate such purchases and sales which are customarily provided by commercial real estate brokers, and, without limitation, Agent agrees: 
 a. To supervise, on behalf of Owner, the preparation of contracts of purchase or sale for each Property, on such terms as are specified by Owner or its
duly authorized representatives, and all other documents related thereto or required to effectuate such purchase or sale; 
 b. To coordinate
the activities of, and act as liaison between Owner and, independent professionals connected with the purchase or sale of a Property, including attorneys, accountants, investment bankers, appraisers, engineers, inspectors, lenders, if any, and
others; 

 c. To assist Owner and its authorized representatives in satisfying any conditions precedent to the
purchase or sale of a Property, which shall include contracting on behalf of Owner with any third parties whose services are required to close any such purchase or sale; 
 d. To represent Owner at the closing of the purchase or sale of a Property, to coordinate the activities of professionals and other third persons connected with such closing, and to supervise the compliance by Owner
with all requirements and customary actions associated with such purchase or sale, including, without limitation, the obtaining of property title insurance, the delivery and recordation of deeds and other instruments of conveyance, and the delivery
and recordation, as required, of any documents evidencing loans obtained or made by Owner; 
 e. Generally to act on behalf of Owner in
connection with such purchase or sale as a commercial real estate broker would customarily act with respect to such transaction, including the provision of such additional services as would normally be provided by such a person. 
 4. Indemnification. Owner hereby agrees to indemnify and hold harmless Agent against and in respect of any loss, cost or expense (including reasonable
investigative expenses and attorneys’ fees), judgment, award, amount paid in settlement, fine, penalty and liability of any and every kind incurred by or asserted against Agent by reason of or in connection with the engagement of Agent
hereunder, the performance by Agent of the services described herein or the occurrence or existence of any event or circumstance which results or is alleged to have resulted in death or injury to any person or destruction of or damage to any
property and any suit, action or proceeding (whether threatened, initiated or completed) by reason of the foregoing; provided, however, that no such indemnification of Agent shall be made, and Agent shall indemnify and hold Owner harmless against,
and to the extent of, any loss that a court of competent jurisdiction shall, by final adjudication, determine to have resulted from willful misconduct, gross negligence or fraud by or on the part of Agent. 
 5. Compensation of Agent. 
 (a) Owner shall pay to Agent a real estate commission in connection with each purchase of a Property in an amount equal to two percent (2%) of the gross purchase price of the Property (which does not include amounts budgeted for
repairs and improvements), in consideration of Agent (or any person with whom Agent subcontracts or contracts hereunder) performing the services provided for in this Agreement in connection with the purchase of the Property. In consideration of
Agent (or any person with whom Agent subcontracts or contracts hereunder) performing the services provided for in this Agreement in connection with the sale of a Property, Owner shall pay to Agent the following: a real estate commission in
connection with the sale of a Property in an amount equal to two percent (2%) of the gross sales price of the Property, if, but only if, the sales price of the Property exceeds the sum of (A) Owner’s cost for the Property (consisting
of the original purchase price plus all capitalized costs and expenditures connected with the Property), without any reduction for depreciation, and (B) ten percent (10%) of such cost. If the person from whom Owner purchases or to whom
Owner sells a Property pays any fee to Agent, such amount shall decrease the amount of Owner’s obligation to Agent. Furthermore, Agent shall not be entitled to any real estate commission in connection with a sale of a Property by Owner to Agent
or any Affiliate of Agent or the purchase of a Property by Owner from Agent or any Affiliate of Agent, but Agent will, in such case, be entitled to payment by Owner of its Direct Costs in such regard. The fees and expenses provided for herein shall
be payable if Owner sells or purchases a property, sells shares in Owner or purchases shares in the owner of a property, effects a merger of Owner with another entity, or undertakes any other transaction, the purpose or effect of which is, in
essence, to dispose of or purchase some or all Properties. In any case other than an actual sale or purchase of Properties, Owner and Agent shall in good faith agree upon an allocation of purchase price to each Property which is effectively disposed
of or purchased. For purposes of this Agreement, person no. 1 is an “Affiliate” of 

  

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person no. 2 if (1) person no. 1 directly or indirectly controls, is controlled by, or is under common control with, person no. 2, (2) person no. 1
owns or controls 10% or more of the voting securities or beneficial interests of person no. 2, or (3) person no. 1 is an executive officer, director, trustee or general partner of person no. 2; further if person no. 1 is an Affiliate of person
no. 2, then person no. 2 is an Affiliate of person no. 1. Notwithstanding anything to the contrary in the definition of “Affiliate,” an Affiliate of the Agent shall be deemed to include, without limitation, any real estate investment trust
or similar program (in addition to Owner) organized by or at the direction of Mr. Glade M. Knight for so long as Mr. Knight remains a director or executive officer of such program. For purposes of this Agreement, Direct Costs shall
mean costs incurred to third parties by the Agent on behalf of Owner, not including any “mark-up” of such costs. 
 (b) In the event Owner purchases, sells, conveys or otherwise transfers a Property within ninety (90) days after the expiration of this Agreement to a person or persons with whom Agent on behalf of Owner has negotiated as a prospective
purchaser or buyer of a Property during the term of this Agreement, Agent shall be deemed to have earned the compensation provided in Section 5(a) and such compensation shall be due and payable to Agent pursuant to the terms of this Agreement;
provided, however, that (i) Agent substantially performs all of the duties and obligations that it would otherwise have under this Agreement if the Agreement had not terminated, and (ii) Agent has given written notice to Owner of the name
of such purchaser or buyer prior to the expiration of the term of this Agreement. 
 (c) Notwithstanding anything to the
contrary in this Agreement, Owner shall not be deemed to have acquired a Property from Agent or an Affiliate if (1) Agent or an Affiliate enters into a purchase contract for a Property and then assigns the purchase contract to Owner for nominal
or no consideration, or (2) Agent or an Affiliate acquires a Property as an accommodation for Owner, and then transfers the Property to Owner at a price substantially equal to that paid by Agent or the Affiliate for the Property. In either such
case, Agent shall be entitled to a real estate commission as if the Property were acquired by Owner from a non-Affiliated seller. 
 6.
Expenses. 
 (a) Owner shall pay directly or reimburse the Agent for the following expenses in addition to the compensation provided for in
this Agreement: 
 (i) all costs of personnel used by Owner (whether employed by Owner or another entity) and involved in the
business of Owner; 
 (ii) expenses incurred in connection with the initial investment of the funds of Owner, including all
direct expenses incurred in connection with investigation and acquisition of Properties; 
 (iii) interest and other costs for
borrowed money, including discounts, points and other similar fees; 
 (iv) taxes and assessments on income or property and
taxes as an expense of doing business; 
 (v) fees and commissions, including finder’s fees and brokerage commissions
with respect to the acquisition and disposition of assets of Owner, whether payable to an Affiliate of the Agent or an unrelated person, including, without limitation, costs of foreclosure, maintenance, repair and improvement of Property;

  

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 (vi) costs associated with insurance required in connection with the business of Owner or
by its Board of Directors; 
 (vii) expenses of managing and operating real property owned by Owner, whether payable to an
Affiliate of the Agent or an unrelated person; 
 (viii) fees and expenses of legal counsel for Owner; 
 (ix) fees and expenses of independent auditors and accountants for Owner; 
 (x) all expenses in connection with payments to the Board of Directors or any committee thereof and meetings of the Board of Directors or
any committee thereof and Shareholders; 
 (xi) expenses associated with listing the Units on a national stock exchange or
quoting the Units on the NASDAQ National Market System if requested by the Board of Directors, or with the issuance and distribution of any additional Units of Owner at any time, such as taxes, legal and accounting fees, listing and registration
fees, and other expenses; 
 (xii) dividend and dividend distributions; 
 (xiii) expenses of organizing, revising, amending, converting, modifying or terminating Owner, the Articles of Incorporation or the
Bylaws; 
 (xiv) expenses of maintaining communications with Shareholders, including the cost of preparation, printing, and
mailing annual reports and other Shareholder reports, proxy statements and other reports required by governmental entities; and 
 (xv) all costs and expenses associated with the office space used by employees involved in the business of Owner. 
 Expenses
incurred by the Agent on behalf of Owner and payable pursuant to this Section, shall be reimbursed quarterly to the Agent within 60 days after the end of each quarter. The Agent shall prepare a statement documenting the expenses of Owner during each
quarter, and shall deliver such statement to Owner within 45 days after the end of each quarter. 
 (b) Except as otherwise provided herein,
the Agent shall pay all expenses of performing its obligations under this Agreement, including, without limitation, the following expenses: 
 (i) employment expenses of the Agent, including, but not limited to, salaries, wages, payroll taxes, costs of employee benefit plans, and temporary help expenses, except to the extent that such expenses are otherwise
reimbursable pursuant to Section 6(a) of this Agreement or the Articles of Incorporation or Bylaws; 
 (ii) audit fees
and expenses of the Agent; 
 (iii) legal fees and other expenses of professional services to the Agent; 
  

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 (iv) rent, telephone, utilities and other office expenses of the Agent; 
 (v) insurance of the Agent; and all other administrative expenses of the Agent. 
 7. Power of Attorney. Owner hereby makes, constitutes and appoints Agent its true and lawful attorney-in-fact, for it and in its name, place and stead
and for its use and benefit to sign, acknowledge and file all documents and agreements (other than contracts for purchase or sale of a Property, promissory notes, mortgages, deeds of trust or other documents or instruments which would bind Owner to
purchase or sell a Property, result or evidence the incurrence of debt by Owner, or encumber a Property) necessary to perform or effect the duties and obligations of Agent under the terms of this Agreement. The foregoing power of attorney is a
special power of attorney coupled with an interest. It shall terminate when this Agreement terminates as provided herein. 
 8. Relationship
of Parties. The parties agree and acknowledge that Agent is and shall operate as an independent contractor in performing its duties under this Agreement, and shall not be deemed an employee of Owner. 
 9. Entire Agreement. This Agreement represents the entire understanding between the parties hereto with regard to the transactions described herein and
may only be amended by a written instrument signed by the party against whom enforcement is sought. 
 10. Governing Law. This Agreement
shall be construed in accordance with and be governed by the laws of the Commonwealth of Virginia without regard to conflicts of law. 
 11.
Exclusion of Third Party Beneficiary. This Agreement is not intended for the benefit of any person or entity who is not a party to this Agreement, and no such person or entity shall have any rights in connection with this Agreement, whether for
enforcement or otherwise. 
  

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

			
	OWNER:
	
	 APPLE REIT NINE, INC.,
 a Virginia
corporation

		
	By: 	 	/s/ Glade M. Knight
	Title: 	 	President
	
	AGENT:
	
	 APPLE SUITES REALTY GROUP, INC.,
 a Virginia
corporation

		
	By: 	 	/s/ Glade M. Knight
	Title: 	 	President

  

 -6-Amended and Restated Schlumberger Limited 2004 Stock & Deferred Plan

 Exhibit 10.1 
 SCHLUMBERGER LIMITED 
 2004 STOCK AND DEFERRAL PLAN 
 FOR NON-EMPLOYEE DIRECTORS 
 (As Amended
and Restated Effective April 19, 2007) 
 ARTICLE I 
 PURPOSES OF PLAN AND DEFINITIONS 
 1.1 Purpose. Schlumberger Limited established this 2004
Stock and Deferral Plan for Non-Employee Directors (the “Plan”) for the purpose of providing non-employee directors of the Company with regular grants of shares of the common stock of the Company (or units representing such shares) and the
opportunity to defer a portion of their compensation, in order to provide greater incentives for those non-employee Directors to attain and maintain the highest standards of performance, to attract and retain non-employee Directors of outstanding
competence and ability, to stimulate the active interest of such persons in the development and financial success of the Company, to further the identity of interests of such non-employee Directors with those of the Company’s stockholders
generally, and to reward such non-employee Directors for outstanding performance. The Plan was originally established effective April 14, 2004 and approved by the stockholders of the Company at the April 2004 annual meeting. Effective
April 19, 2007, the Plan is hereby amended and restated to allow non-employee Directors to defer the payment of part or all of his or her Cash Compensation. 
 1.2 Definitions. 
 “Annual Director Award Date” means the last day of the calendar month in
which occurs the first Board meeting following the regular annual general meeting of the stockholders of the Company 
 “Board of
Directors” or “Board” means the Board of Directors of the Company. 
 “Cash Compensation” means the total cash
compensation which is paid to Eligible Directors for services rendered including any annual retainer fees and any annual fees related to committee membership or services as a committee chair. 
 “Committee” means such committee as is designated by the Board to administer the Plan in accordance with Article II, or if no such committee is
designated, the Board. 
 “Common Stock” means the Common Stock, par value $.01 per share, of the Company. 
 “Company” means Schlumberger Limited, a Netherlands Antilles corporation. 
 “Deferred Compensation Account” means the bookkeeping account maintained for each Participant to record certain amounts deferred by the
Participant in accordance with Article IV hereof. 
 “Determination Date” means the date on which delivery of a
Participant’s deferred Stock Awards or Cash Compensation is made or commences, as determined in accordance with Section 5.1. 
 “Director” means an individual who is serving as a member of the Board. 
 “Eligible Director” means each
Director who is not an employee of the Company or of any of its subsidiaries. 
 “Money Market Equivalents” means a phantom
investment benchmark that is used to measure the return credited to a Participant’s Deferred Compensation Account. To the extent Money Market Equivalents are elected, 

 
interest equivalents will be credited to the Participant’s Deferred Compensation Account as of the last day of each calendar month based upon the
average daily balance in the account for the month and the IMONEY NET First Tier Institutional Index benchmark return for the month as determined from Northern Trust or a similar or equivalent index of money fund assets to be determined by the
Committee to be in effect from time to time. 
 “Participant” means an Eligible Director who is granted Stock Awards pursuant to
Article III. 
 “Stock Award” means an award of shares of Common Stock, restricted Common Stock or restricted Stock Units pursuant
to Article III. 
 “Stock Unit” means a unit which represents the right to receive one share of Common Stock under such terms and
conditions as may be prescribed by the Committee and this Plan. 
 “S&P 500 Index” means a phantom investment benchmark that is
used to measure the return credited to a Participant’s Deferred Compensation Account. To the extent S&P 500 Equivalents are elected, the earnings (or loss) equivalents will be credited (or debited) to the Participant’s Deferred
Compensation Account as of the last day of each calendar quarter based upon the balance in the account as of the last day of the quarter and the returns realized by the Standard & Poor’s 500 Index for the quarter. 
 ARTICLE II 
 ADMINISTRATION OF THE
PLAN 
 2.1 Committee. This Plan shall be administered by the Committee. 
 2.2 Committee’s Powers. Subject to the provisions hereof, the Committee shall have full and exclusive power and authority to administer this
Plan and to take all actions which are specifically contemplated hereby or are necessary or appropriate in connection with the administration hereof. The Committee shall also have full and exclusive power to interpret this Plan and to adopt such
rules, regulations, and guidelines for carrying out this Plan as it may deem necessary or proper, all of which powers shall be exercised in the best interests of the Company and in keeping with the objectives of this Plan. The Committee shall also
have the full and exclusive power to adopt rules, procedures, guidelines and sub-plans to this Plan relating to the operation and administration of the Plan to accommodate the specific requirements of local laws and procedures in foreign
jurisdictions. The Committee may, in its discretion, determine the eligibility of individuals to participate herein, determine the amount of Stock Awards or Cash Compensation a Participant may elect to defer, or waive any restriction or other
provision of this Plan. The Committee may correct any defect or supply any omission or reconcile any inconsistency in this Plan in the manner and to the extent the Committee deems necessary or desirable to carry it into effect. 
 2.3 Committee Determinations Conclusive. Any decision of the Committee in the interpretation and administration of this Plan shall lie within its
sole and absolute discretion and shall be final, conclusive and binding on all parties concerned. 
 2.4 Committee Liability. No
member of the Committee or officer of the Company to whom the Committee has delegated authority in accordance with the provisions of Section 2.5 of this Plan shall be liable for anything done or omitted to be done by him or her, by any member
of the Committee or by an officer of the Company in connection with the performance of any duties under this Plan, except for his or her own willful misconduct or as expressly provided by statute. 
 2.5 Delegation of Authority. The Committee may delegate to the Chief Executive Officer and to other senior officers of the Company its duties
under this Plan (other than its granting authority described in Article III) pursuant to such conditions or limitations as the Committee may establish. 
  

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 ARTICLE III 
 STOCK AWARDS 
 3.1 Shares Available. There shall be available for Stock Awards during the term
of this Plan an aggregate of 300,000 shares of Common Stock (as adjusted to reflect the 2-for-1 stock split effected in 2007 (the “Stock Split”)). Shares of Common Stock will be made available from either the Company’s authorized but
unissued shares or treasury shares that have been issued but reacquired by the Company. 
 3.2 Annual Grants. On each Annual Director
Award Date all Eligible Directors shall be granted a Stock Award with respect to a number of shares of Common Stock in the form of a number of shares of Common Stock, restricted Common Stock or restricted Stock Units, with the form and amount of
such Stock Awards to be determined by the Committee; provided however that (1) each such annual Stock Award may not exceed 4,000 shares of Common Stock (as adjusted for the Stock Split), restricted Common Stock or restricted Stock Units, and
(2) no more than 60,000 shares of Common Stock (as adjusted for the Stock Split), restricted Common Stock or restricted Stock Units may be awarded in any calendar year. The Stock Award shall be subject to such terms, conditions and restrictions
(including vesting) as the Committee may determine in its discretion in connection with such award. 
 ARTICLE IV 
 DEFERRAL ELECTION AND ACCOUNTS 
 4.1
Deferral Election. A Director, at the discretion of the Committee, may irrevocably elect to defer the receipt of all or part of a Stock Award and/or Cash Compensation by submitting a Deferral Election in the manner specified by the Committee.
The Deferral Election (i) shall specify the number of shares of Common Stock the receipt of which the Participant elects to defer and/or the amount or percentage of Cash Compensation, (ii) shall designate the period of deferral among the
choices provided in Section 5.1, and (iii) may not be revoked or modified. 
 4.2 Timing of Elections. For annual grants of
Stock Awards pursuant to Section 3.2, Deferral Elections must be made (i) for Stock Awards, no later than the last day of the calendar year preceding the Annual Director Award Date and (ii) for Cash Compensation, no later than the
last day of the calendar year immediately preceding the calendar year in which such payments would have otherwise been paid. Effective beginning in 2008, Deferral Elections may be completed by newly appointed Eligible Directors no later than the
date that is 30 days after the date such individual first becomes an Eligible Director; provided that such Deferral Election may apply solely to Stock Awards or Cash Compensation related to services to be performed subsequent to such Deferral
Election. The Committee shall be authorized to adopt such other rules and limitations as it shall determine are necessary or appropriate with respect to the timing of elections to defer Stock Awards or Cash Compensation under the Plan. 

4.3 Establishment of Accounts. The Company shall also set up an appropriate record (hereinafter called the “Deferred Compensation
Account”) which will from time to time reflect the name of each Participant and (i) the number of restricted Stock Units and, if applicable, dividend equivalents credited to such Participant pursuant to Section 4.4 and (ii) the
Cash Compensation deferred pursuant to Section 4.1 plus earnings or losses credited thereon monthly. 
 4.4 Crediting of Deferred
Stock Awards or Restricted Stock Unit Awards. Any Stock Awards deferred pursuant to a Deferral Election as described in Section 4.1 shall be credited to the Participant’s Deferred Compensation Account as of the date the shares would
otherwise have been delivered pursuant to Article III in the form of a number of restricted Stock Units equal to the number of shares of Common Stock deferred, and any restricted Stock Units awarded pursuant to Section 3.2 shall also be
credited to a Participant’s Deferred Compensation Account as of such date. No interest will be credited to a Participant’s Deferred Compensation 

  

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Account with respect to any restricted Stock Units. In the event that a cash dividend is paid on Common Stock during the period that restricted Stock Units
are credited to the Participant’s Deferred Compensation Account, an amount equivalent to the amount of the cash dividend will be credited to the Participant’s Deferred Compensation Account and the accumulated amount will be paid out
without interest at the end of the period of deferral. 
 4.5 Adjustments. 
 (a) Exercise of Corporate Powers. The existence of this Plan and any outstanding restricted Stock Units credited hereunder shall
not affect in any manner the right or power of the Company or its stockholders to make or authorize any or all adjustments, recapitalizations, reorganizations or other changes in the capital stock of the Company or its business or any merger or
consolidation of the Company, or any issue of bonds, debentures, preferred or prior preference stock (whether or not such issue is prior to, on a parity with or junior to the existing Common Stock) or the dissolution or liquidation of the Company,
or any sale or transfer of all or any part of its assets or business, or any other corporate act or proceeding of any kind, whether or not of a character similar to that of the acts or proceedings enumerated above. 
 (b) Recapitalizations, Reorganizations and Other Activities. In the event of any subdivision or consolidation of outstanding shares
of Common Stock, declaration of a dividend payable in shares of Common Stock or other stock split, then (i) the number of restricted Stock Units relating to such class of Common Stock; (ii) the appropriate fair market value and other price
determinations for such restricted Stock Units; (iii) the number of shares reserved for issuance under this Plan in Section 3.1 and (iv) the limitation designated in Section 3.2 of this Plan shall each be proportionately adjusted
by the Board to reflect such transaction. In the event of any other recapitalization or capital reorganization of the Company, any consolidation or merger of the Company with another corporation or entity, the adoption by the Company of any plan of
exchange affecting any class of Common Stock or any distribution to holders of any class of Common Stock of securities or property (other than normal cash dividends or dividends payable in Common Stock), the Board shall make appropriate adjustments
to (i) the number of restricted Stock Units relating to such class of Common Stock; (ii) the appropriate fair market value and other price determinations for such restricted Stock Units; (iii) the number of shares reserved for
issuance under this Plan in Section 3.1 and (iv) the limitation designated in Section 3.2 of this Plan to give effect to such transaction; provided that such adjustments shall only be such as are necessary to preserve, without increasing,
the value of such items. In the event of a corporate merger, consolidation, acquisition of property or stock, separation, reorganization or liquidation, the Board shall be authorized to issue or assume restricted Stock Units by means of substitution
of new restricted Stock Units, as appropriate, for previously issued restricted Stock Units or an assumption of previously issued restricted Stock Units as part of such adjustment. 
 4.6 Deferred Cash Compensation. Each Participant shall be entitled to direct the manner in which his or her deferred Cash Compensation will be
deemed to be invested for the period of deferral and in accordance with such rules, regulations and procedures as the Committee may establish from time to time. Notwithstanding anything to the contrary herein, earnings and losses based on a
Participant’s investment elections shall begin to accrue as of the date such Participant’s deferred Cash Compensation amounts are credited to his or her Deferred Compensation Account and shall end on the Determination Date (as defined in
Section 5.1 below). Each Participant may choose to have his or her deferred Cash Compensation deemed to be invested in the Common Stock, Money Market Equivalents or S&P 500 Equivalents. Any amounts deemed to be invested in the
Company’s Common Stock shall (1) have a purchase price equal to the fair market value (as defined below) of each share of Common Stock on the date the investment is deemed to have occurred, and (2) be credited with dividend
equivalents representing cash dividends payable with respect to the Common Stock, if any. For purposes of the Plan, the “fair market value “of Common Stock shall be deemed to equal the closing sales price per share of the Common Stock in
the New York Stock Exchange Composite Transactions Quotations, as reported for that date, or if there shall have been no such reported prices for that date, the reported closing sales price on the last preceding date on which a composite sale or
sales were effected on one or more of the exchanges on which the shares of Common Stock were traded shall be the fair market value. 
  

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 ARTICLE V 
 DELIVERY OF DEFERRED SHARES OR CASH 
 5.1 Period of Deferral. With respect to (a) Stock
Awards and/or Cash Compensation deferred pursuant to Section 4.1, a Participant may elect that delivery of deferred Stock Awards and/or Cash Compensation credited to the Participant under the Plan be made or commence at (i) a date that is
one year following the date of the termination of the Participant’s status as a Director of the Company, or (ii) the date of the termination of the Participant’s status as a Director of the Company, and (b) restricted Stock Units
granted pursuant to Section 3.2, the Committee shall determine the date or conditions as of which shares represented by such restricted Stock Units will be delivered (the date elected or selected by the Participant or the Committee, as
applicable, to be known as the “Determination Date”). Delivery of shares will be made within 60 days after the Determination Date. 
 5.2 Delivery of Deferred Stock Awards and Deferred Cash Compensation. As of the Determination Date, the aggregate number of restricted Stock Units and, if applicable, dividend equivalents credited to a Participant’s Deferred
Compensation Account as of such Determination Date shall be calculated. A Participant shall receive delivery of a number of shares of Common Stock equal to the aggregate number of restricted Stock Units and a cash payments equal to the amount of the
aggregate dividend equivalents representing cash dividends payable with respect to the Company’s Common Stock, if any. As of the Determination Date, a Participant’s Cash Compensation deemed to be invested in Money Market Equivalents or
S&P 500 Equivalents, plus any amounts credited to Participant’s Deferred Compensation Account pursuant to Section 4.6 herein, shall be payable in the form of a cash lump sum. As of the Determination Date, a Participant’s Cash
Compensation deemed to be invested in shares of the Company’s Common Stock shall be payable in the form of shares of the Company’s Common Stock plus a cash payments equal to the amount of the aggregate dividend equivalents. 
 5.3 Death Prior to Payment. In the event that a Participant dies prior to delivery of all shares and funds deliverable pursuant to the Plan, any
remaining shares and funds credited to Participant’s Deferred Compensation Account shall be delivered to the Participant’s estate within 60 days following the Company’s notification of the Participant’s death. 
 5.4 Delivery to Incompetents. To the extent allowed under applicable law, should the Participant become incompetent, the Company shall be
authorized to deliver shares and funds credited to Participant’s Deferred Compensation Account and deliverable pursuant to the Plan to a guardian or legal representative of such incompetent, or directly to such incompetent, whichever manner the
Committee shall determine in its sole discretion. 
 ARTICLE VI 
 MISCELLANEOUS 
 6.1 Unfunded Plan. Nothing contained herein shall be
deemed to create a trust of any kind or create any fiduciary relationship. This Plan shall be unfunded. To the extent that a Participant acquires a right to receive delivery of shares from the Company under the Plan, such right shall not be greater
than the right of any unsecured general creditor of the Company and such right shall be an unsecured claim against the general assets of the Company. Although bookkeeping accounts may be established with respect to Participants, any such accounts
shall be used merely as a bookkeeping convenience. The Company shall not be required to segregate any assets that may at any time be represented by stock or rights thereto, nor shall this Plan be construed as providing for such segregation, nor
shall the Company, the Board or the Committee be deemed to be a trustee of any stock or rights thereto to be granted under this Plan. Any liability or obligation of the Company to any Participant with respect to stock or rights thereto under this
Plan shall be based solely upon any contractual obligations that may be created by this Plan, and no such liability or obligation of the Company shall be deemed to be secured by any pledge or other encumbrance on any property of the Company. Neither
the Company nor 

  

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the Board nor the Committee shall be required to give any security or bond for the performance of any obligation that may be created by this Plan.

 6.2 Title to Funds Remains with Company. Amounts credited to each Participant’s Deferred Compensation Account shall not be
specifically set aside or otherwise segregated, but will be combined with corporate assets. Title to such amounts will remain with the Company and the Company’s only obligation will be to make timely delivery to Participants in accordance with
the Plan. 
 6.3 Statement of Account. A statement will be furnished to each Participant annually on such date as may be determined by
the Committee stating the balance of Deferred Compensation Account as of a recent date designated by the Committee. 
 6.4
Assignability. Except as provided in Section 5.3, no right to receive delivery of shares hereunder shall be transferable or assignable by a Participant except by will or the laws of descent and distribution or pursuant to a qualified
domestic relations order as defined by the U.S. Internal Revenue Code of 1986, as amended (the “Code”) or Title I of the Employee Retirement Income Security Act of 1974, as amended, or the rules thereunder. Any attempted assignment of
any benefit under this Plan in violation of this Section 6.4 shall be null and void. 
 6.5 Amendment, Modification, Suspension or
Termination. The Board may amend, modify, suspend or terminate this Plan for the purpose of meeting or addressing any changes in legal requirements or for any other purpose permitted by law, except that (i) no amendment, modification or
termination shall, without the consent of the Participant, impair the rights of any Participant to the number of restricted Stock Units credited to such Participant’s Deferred Compensation Account as of the date of such amendment, modification
or termination and (ii) no amendment or modification shall be effective prior to its approval by the stockholders of the Company to the extent such approval is required by applicable legal requirements or the requirements of the securities
exchange on which the Company’s Common Stock is listed. The Board may at any time and from time to time delegate to the Committee any or all of this authority under this Section 6.5. 
 6.6 Governing Law. This Plan and all determinations made and actions taken pursuant hereto, to the extent not otherwise governed by mandatory
provisions of the Code or the securities laws of the United States, shall be governed by and construed in accordance with the laws of the State of Texas. 
 6.7 Tax and Social Insurance. Participants are responsible for any and all tax or social insurance due on Stock Awards or restricted Stock Units under this Plan. Participants shall pay or make arrangements to
satisfy all withholding obligations of the Company related to this Plan. The Company has the authority to satisfy any withholding obligations from funds or shares of Common Stock deliverable pursuant to this Plan or other cash compensation due a
Participant, if applicable. 
 6.8 Code Section 409A. Notwithstanding anything in this Plan to the contrary, if any Plan
provision under the Plan would result in the imposition of an additional tax under Code Section 409A and related regulations and United States Department of the Treasury pronouncements (“Section 409A”), that Plan provision or Award
will be reformed to avoid imposition of the applicable tax and no action taken to comply with Section 409A shall be deemed to adversely affect the Participant’s rights under this Plan. 
 Schlumberger Limited 2004 Stock and Deferral Plan for Non-Employee Directors 
 (As Amended and Restated April 19, 2007) 
 Amendment 
 Schlumberger Limited, a Netherlands Antilles corporation, having heretofore adopted the Schlumberger Limited 2004 Stock and Deferral Plan for
Non-Employee Directors, as amended and restated effective April 19, 

  

 6 

 
2007 (the “Plan”), and having reserved the right under Section 6.5 thereof to amend the Plan, does hereby amend the Plan, effective October 18,
2007, as follows: 
  

	 	1.	Section 6.8 of the Plan is hereby amended to read as follows: 

 “6.8 Code Section 409A. To the extent applicable, this Plan is intended to comply with the provisions Code Section 409A and related regulations and United States Department of the Treasury pronouncements (“Section
409A”) with respect to amounts deferred or vested on or after January 1, 2005, and shall be interpreted accordingly. To the extent it would not adversely impact the Company, the Company agrees to interpret, apply and administer this Plan
in the least restrictive manner necessary to comply with such requirements and without resulting in any diminution in the value of payments or benefits to the Participants. No action taken to comply with Section 409A shall be deemed to adversely
affect the Participant’s rights under this Plan.” 
  

 7

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