Document:

Change of Control Agreement

 Exhibit 10.60 
 CHANGE OF CONTROL AGREEMENT 
 THIS CHANGE OF CONTROL AGREEMENT (the
“Agreement”), is made and entered into effective as of December 12, 2011 (the “Effective Date”), by and between Exterran Holdings, Inc., a Delaware corporation (the
“Company”), and William M. Austin (“Executive”). 
 WHEREAS, Executive is
employed as the Executive Vice President and Chief Financial Officer of the Company; and 
 WHEREAS, the Company and
Executive desire to enter into an agreement regarding their respective rights and obligations in connection with a Change of Control during the Term of this Agreement; 
 THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Company and Executive agree as follows: 

1. Term. This Agreement shall begin on the Effective Date and shall continue until the second (2nd) anniversary of the Effective Date (the “Initial
Term”); provided, however, that thereafter, the term of this Agreement shall automatically be extended for successive one (1) year periods (each, a “Renewal Term”) (such Initial Term, plus any Renewal
Terms, plus, in the event of Executive’s Qualifying Termination of Employment (as defined below) for Good Reason, any additional time period necessitated by the Company’s right to cure as set forth in the definition of Good Reason, the
“Term”), unless at least ninety (90) days prior to the expiration of the Initial Term or any Renewal Term the Board shall give written notice to Executive that the Term of this Agreement shall cease to be so extended.
However, if a Change of Control shall occur during the Term, the Term shall automatically continue in effect for a period of eighteen (18) months plus, in the event of Executive’s Qualifying Termination of Employment for Good Reason, any
additional time period necessitated by the Company’s right to cure as set forth in the definition of Good Reason, commencing on the date of such Change of Control. This Agreement shall automatically terminate upon Executive’s termination
of employment, except as provided in the definition of Protected Period. Termination of this Agreement shall not alter or impair any rights of Executive arising under this Agreement on or prior to such termination. 

2. Qualifying Termination of Employment. If Executive incurs a Qualifying Termination of Employment during the Term, Executive
shall be entitled to the benefits provided in Section 3 hereof. If Executive’s employment terminates for any reason other than for a Qualifying Termination of Employment, then Executive shall not be entitled to any benefits under this
Agreement. 
 3. Benefits Upon a Qualifying Termination of Employment. 

(a) Lump Sum. Following a Qualifying Termination of Employment, the Company shall pay to
Executive, not later than the sixtieth (60th) day
following the Date of Termination, an amount, in a lump sum payment, equal to the sum of: 
 (i) The sum of
(A) Executive’s earned but unpaid Base Salary through the Date of Termination, (B) Executive’s Target Short-Term Incentive for the 

  
  

			
	EXTERRAN HOLDINGS, INC.	 	PAGE 1 OF 10
	CHANGE OF CONTROL AGREEMENT	 	

 
Termination Year (prorated to the Date of Termination), (C) any earned but unpaid Short-Term Incentive for the prior year (and, if the prior year’s Short-Term Incentive has not yet been
calculated as of the Date of Termination, such amount shall be payable when calculated, but in no event later than March 15th of the year following the Termination Year), (D) any portion of Executive’s vacation pay accrued, but not
used, for the Termination Year, and (E) any unreimbursed business expenses as of the Date of Termination; plus 
 (ii) An amount equal to two (2) times Executive’s Base Salary plus two (2) times Executive’s Target Short-Term Incentive; plus 

(iii) An amount equal to the total of the employer matching contributions that would have been credited to
Executive’s account under the 401(k) Plan and any other deferred compensation plan of the Company (or any of its affiliated companies) had Executive made the required amount of elective deferrals or contributions to receive such maximum
employer matching contributions under the 401(k) Plan and any other deferred compensation plan (and regardless of whether Executive actually made any such elective deferrals or contributions) during the twelve (12)-month period immediately preceding
the month of Executive’s Date of Termination, multiplied by two (2); plus 
 (iv) Amounts previously
deferred by Executive, if any, or earned but not paid, if any, under any Company incentive and nonqualified deferred compensation plans or programs as of the Date of Termination. 

(b) Continuing Medical Coverage. If Executive incurs a Qualifying Termination of Employment, for a period of two
(2) years following Executive’s Date of Termination, or such longer period as may be provided by the terms of the appropriate medical and/or welfare benefit plan, program, practice or policy, subject to Executive’s valid election of
COBRA continuation coverage, the Company shall provide benefits to Executive and/or Executive’s eligible dependents equal to those that would have been provided to them in accordance with the plans, programs, practices and policies if
Executive’s employment had not been terminated; provided, however, that with respect to any of such plans, programs, practices or policies requiring an employee contribution, Executive shall continue to pay the monthly employee
contribution for same; provided, further, that if Executive becomes employed by another employer and is eligible to receive medical or other welfare benefits under another employer-provided plan, the medical and other welfare benefits
described herein shall be secondary to those provided under such other plan during such applicable period of eligibility. Notwithstanding the previous sentence, with regard to such COBRA continuation coverage, if the Company determines in its sole
discretion that it cannot provide the foregoing benefit without potentially violating applicable law (including, without limitation, Section 2716 of the Public Health Service Act), the Company shall in lieu thereof provide to Executive a
taxable monthly payment in an amount equal to the monthly COBRA premium that Executive would be required to pay to continue Executive’s and Executive’s covered dependents’ group insurance coverage as in effect on the Date of
Termination (which amount shall be based on the premiums for the first month of COBRA coverage). 

  
  

			
	EXTERRAN HOLDINGS, INC.	 	PAGE 2 OF 10
	CHANGE OF CONTROL AGREEMENT	 	

 (c) Awards. Upon a Qualifying Termination of Employment, all stock
options, restricted stock, restricted stock units, or other awards based in common stock of the Company, and all common units, unit appreciation rights, unit options and other awards based in common units representing limited partner interests of
the Partnership, and all cash-based incentive awards held by Executive and not previously vested shall be 100% vested as of Executive’s Date of Termination (except with respect to awards denominated in or relating to common units of the
Partnership that, by their terms, continue to vest following a termination of employment without cause or for good reason); provided, however, that with respect to an award that is subject to Code Section 409A, such acceleration of
vesting under this Section 3(c) shall not cause an impermissible acceleration of payment or change in form of payment of such award under Code Section 409A. Notwithstanding the terms of any Company (or affiliate) plan or agreement between
the Company (or affiliate) and Executive to the contrary, the accelerated vesting of all equity awards required pursuant to the terms of this Section 3(c) shall govern. 

(d) Interest. If any payment due under the terms of this Agreement is not timely made by the Company, its
successors or assigns, interest shall accrue on such payment at the highest maximum legal rate permissible under applicable law from the date such payment first became due through the date it is paid (with such interest paid in a single lump sum on
the date on which the Company or its successor or assign, as applicable, makes the late payment). 
 (e)
Release. Notwithstanding anything in this Agreement to the contrary, no payment shall be made or benefits provided pursuant to this Agreement unless Executive signs and returns to the Company within fifty (50) days following the date of
a Qualifying Termination of Employment, and does not revoke within seven (7) days thereafter, a complete release and waiver in a form provided by the Company, in exchange for the severance payments described in Section 3(a) above, among
other items, of all claims for liability and damages in any way related to Executive’s employment with the Company and its affiliates against the Company, its affiliates, their directors, officers, employees and agents, and their employee
benefit plans and the fiduciaries and agents of such plans. 
 (f) Severance Offset. Any cash severance
payments payable under Section 3(a) shall be offset or reduced by the amount of any cash severance amounts payable to Executive under any other individual agreement the Company or an affiliate may have entered into with Executive or any
severance plan or program maintained by the Company or any affiliate for employees in general, but only to the extent such severance amounts are payable in the same form and in the same calendar year in which such cash severance payments under this
Agreement are to be made. 
 (g) Code Section 409A Matters. 

(i) This Agreement is intended to comply with, and shall be interpreted consistent with the applicable requirements of,
Code Section 409A and accompanying Department of Treasury regulations and other interpretive 

  
  

			
	EXTERRAN HOLDINGS, INC.	 	PAGE 3 OF 10
	CHANGE OF CONTROL AGREEMENT	 	

 
guidance promulgated thereunder (collectively, “Code Section 409A”) and any ambiguous provisions will be construed in a manner that is compliant with or exempt from
the application of Code Section 409A. Executive shall have no right to specify the calendar year during which any payment hereunder shall be made. 
 (ii) All reimbursements and in-kind benefits provided pursuant to this Agreement shall be made in accordance with Treasury Regulation Section 1.409A-3(i)(1)(iv) such that any reimbursements or
in-kind benefits will be deemed payable at a specified time or on a fixed schedule relative to a permissible payment event. Specifically, (A) the amounts reimbursed and in-kind benefits under this Agreement, other than with respect to medical
benefits provided under Section 3(b), during Executive’s taxable year may not affect the amounts reimbursed or in-kind benefits provided in any other taxable year, (B) the reimbursement of an eligible expense shall be made on or
before the last day of Executive’s taxable year following the taxable year in which the expense was incurred, and (C) the right to reimbursement or an in-kind benefit is not subject to liquidation or exchange for another benefit.

 (iii) If Executive is a “specified employee” within the meaning of Code
Section 409A as of the Date of Termination, distributions or benefits that are subject to Code Section 409A shall be made under this Agreement on the later of (A) the date that such distribution or benefit is otherwise to be provided
under this Agreement and (B) the earlier of (x) the first (1st) business day that occurs following the expiration of the six (6) month period beginning on Executive’s Date of Termination or (y) the date of Executive’s death. The severance
payments under Section 3(a) are deferred compensation subject to the foregoing provision. In addition, in the event of a payment delayed under this Section 3(g)(iii), the Company agrees to pay to Executive, as of the date it makes the
delayed payment, simple interest on such delayed amount at the applicable federal rate provided for in Code Section 7872(f)(2)(A), based on the number of days the payment was delayed. If Executive disagrees with the Company’s determination
that Code Section 409A requires such six (6)-month delay with respect to a payment or benefit, such payment or benefit can be made prior to such delayed payment date if Executive agrees in writing (in the form approved by the Company) that
should the IRS subsequently assert that some or all of the payments or benefits made pursuant to this Agreement do not comply with the requirements of Code Section 409A, then (i) Executive agrees that he is solely responsible for all
taxes, excise taxes, penalties and interest resulting from such determination, and that he will not seek contribution, reimbursement or any other recovery from the Company or any of its affiliates, officers, employees or directors for any taxes,
excise taxes, interest or penalties paid or due or any costs he incurs in challenging such position of the IRS, and (ii) Executive will reimburse, and hold the Company, its affiliates, officers, employees or directors harmless for, any costs,
including attorneys fees and costs of court, penalties or fees, that it may incur in connection with a later determination that the payments made pursuant to this Agreement are covered by Code Section 409A and were not properly reported as
such. 

  
  

			
	EXTERRAN HOLDINGS, INC.	 	PAGE 4 OF 10
	CHANGE OF CONTROL AGREEMENT	 	

 4. Restrictions and Obligations of Executive. 

(a) Consideration for Restrictions and Covenants. The Company and Executive agree that the principal consideration
for the Company’s agreement to make the payments provided in this Agreement to Executive is Executive’s compliance with the undertakings set forth in this Section 4. Notwithstanding any other provision of this Agreement to the
contrary, Executive agrees to comply with the provisions of this Section 4 only if Executive actually receives any such payments from the Company pursuant to this Agreement. 

(b) Confidentiality. Executive acknowledges that the Company will provide Executive with Confidential Information
and has previously provided Executive with Confidential Information. In return for consideration provided under this Agreement, Executive agrees that Executive will not, while employed by the Company or any affiliate and thereafter for a period of
two (2) years, disclose or make available to any other person or entity, or use for Executive’s own personal gain, any Confidential Information, except for such disclosures as required in the performance of Executive’s duties with the
Company or as may otherwise be required by law or legal process (in which case Executive shall notify the Company of such legal or judicial proceeding as soon as practicable following his receipt of notice of such a proceeding, and permit the
Company to seek to protect its interests and information). 
 (c) Non-Solicitation or Hire. During the
term of Executive’s employment with the Company or any affiliate thereof and for a two (2)-year period following the termination of Executive’s employment for any reason, Executive shall not, directly or indirectly (i) employ or seek
to employ any person who is at the date of termination, or was at any time within the six (6)-month period preceding the date of termination, an officer, general manager or director or equivalent or more senior level employee of the Company or any
of its subsidiaries or otherwise solicit, encourage, cause or induce any such employee of the Company or any of its subsidiaries to terminate such employee’s employment with the Company or such subsidiary for the employment of another company
(including for this purpose the contracting with any person who was an independent contractor (excluding consultant) of the Company during such period) or (ii) take any action that would interfere with the relationship of the Company or its
subsidiaries with their suppliers or customers without, in either case, the prior written consent of the Company’s Board of Directors, or engage in any other action or business that would have a material adverse effect on the Company.

 (d) Non-Competition. During the term of Executive’s employment with the Company, or any affiliate
thereof and for a two (2)-year period following the termination of Executive’s employment for any reason, Executive shall not, directly or indirectly: 
 (i) engage in any managerial, administrative, advisory, consulting, operational or sales activities in a Restricted Business anywhere in the Restricted Area, including, without limitation, as a director
or partner of such Restricted Business, or 

  
  

			
	EXTERRAN HOLDINGS, INC.	 	PAGE 5 OF 10
	CHANGE OF CONTROL AGREEMENT	 	

 (ii) organize, establish, operate, own, manage, control or have a direct or
indirect investment or ownership interest in a Restricted Business or in any corporation, partnership (limited or general), limited liability company, enterprise or other business entity that engages in a Restricted Business anywhere in the
Restricted Area. 
 Nothing contained in this Section 4 shall prohibit or otherwise restrict Executive from acquiring or
owning, directly or indirectly, for passive investment purposes not intended to circumvent this Agreement, securities of any entity engaged, directly or indirectly, in a Restricted Business if either (i) such entity is a public entity and
Executive (A) is not a controlling Person of, or a member of a group that controls, such entity and (B) owns, directly or indirectly, no more than three percent (3%) of any class of equity securities of such entity or (ii) such
entity is not a public entity and Executive (A) is not a controlling Person of, or a member of a group that controls, such entity and (B) does not own, directly or indirectly, more than one percent (1%) of any class of equity
securities of such entity. 
 (e) Injunctive Relief. Executive acknowledges that monetary damages for any
breach of Sections 4(b), (c), and (d) above will not be an adequate remedy and that irreparable injury will result to the Company, its business and property, in the event of such a breach. For that reason, Executive agrees that in the event of
a breach of Sections 4(b), (c), and (d) above, in addition to recovering legal damages, the Company is entitled to proceed in equity for specific performance or to enjoin Executive from violating such provisions. 

5. Miscellaneous Provisions. 
 (a) Definitions Incorporated by Reference. Reference is made to Annex I hereto for definitions of certain capitalized terms used in this Agreement, and such definitions are incorporated
herein by such reference with the same effect as if set forth herein. 
 (b) No Other Mitigation or Offset;
Legal Fees. The provisions of this Agreement are not intended to, nor shall they be construed to, require that Executive mitigate the amount of any payment or benefit provided for in this Agreement by seeking or accepting other
employment. Except as provided in Section 3(b), the amount of any payment or benefit provided for in this Agreement shall not be reduced by any compensation earned or health benefits received by Executive as the result of employment outside of
the Company. Without limitation of the foregoing, except as provided in Section 3(f), the Company’s obligations to Executive under this Agreement shall not be affected by any set off, counterclaim, recoupment, defense or other claim, right
or action that the Company may have against Executive. 
 (c) Cooperation. If Executive becomes
entitled to severance benefits under Section 3 of this Agreement, Executive agrees, for a one (1)-year period following the Date of Termination, to provide reasonable cooperation to the Company in response to reasonable requests made by the
Company for information or assistance, including but not limited to, participating upon reasonable notice in conferences and meetings, 

  
  

			
	EXTERRAN HOLDINGS, INC.	 	PAGE 6 OF 10
	CHANGE OF CONTROL AGREEMENT	 	

 
providing documents or information, aiding in the analysis of documents, or complying with any other reasonable requests by the Company, including execution of any agreements that are reasonably
necessary, provided that such cooperation relates to matters concerning Executive’s duties with the Company and the requests do not, in the good faith opinion of Executive, materially interfere with Executive’s other activities.

 (d) Successors; Binding Agreement. 

(i) Except in the case of a merger involving the Company with respect to which under applicable law the surviving
corporation of such merger will be obligated under this Agreement in the same manner and to the same extent as the Company would have been required if no such merger had taken place, the Company will require any successor, by purchase or otherwise,
to all or substantially all of the business and/or assets of the Company, to execute an agreement whereby such successor expressly assumes and agrees to perform this Agreement in the same manner and to the same extent as the Company would have been
required if no such succession had taken place and expressly agrees that Executive may enforce this Agreement against such successor. Failure of the Company to obtain any such required agreement and to deliver such agreement to Executive prior to
the effectiveness of any such succession shall be a breach of this Agreement and shall entitle Executive to payment from the Company in the same amount and on the same terms as Executive would be entitled hereunder if Executive’s employment had
terminated for Good Reason and such termination constituted a Qualifying Termination of Employment, except that for purposes of implementing the foregoing, the date on which any such succession becomes effective shall be deemed the Date of
Termination. As used in this Agreement, “Company” shall mean the Company as hereinbefore defined and any successor to its business and/or assets that executes and delivers the agreement provided for in this
Section 5(d)(i) or which otherwise becomes bound by all the terms and provisions of this Agreement by operation of law. 
 (ii) This Agreement shall inure to the benefit of and be enforceable by Executive’s personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and
legatees. If Executive should die while any amounts would still be payable to Executive hereunder if Executive had continued to live, all such amounts shall be paid in accordance with the terms of this Agreement to Executive’s beneficiary as
filed with the Company pursuant to this Agreement or, if there is no such designated beneficiary, to Executive’s estate. 
 (e) Notice. All notices, consents, waivers, and other communications required under this Agreement must be in writing and will be deemed to have been duly given when (i) delivered by hand
(with written confirmation of receipt), (ii) sent by facsimile (with confirmation of receipt), provided that a copy is mailed by certified mail, return receipt requested, or (iii) when received by the addressee, if sent by a nationally
recognized overnight delivery service, in each case to the appropriate addresses and facsimile numbers set forth below (or to such other addresses and facsimile numbers as a party may designate by notice to the other parties): 

If to the Company: 
 Exterran Holdings, Inc. 
 16666 Northchase Drive 

Houston, Texas 77060 
 Attn: Chairman of the Board of Directors 
 Facsimile No.: 713-836-7953 

If to Executive: 
  

			
	  
	 	
	  
	 	

  

  
  

			
	EXTERRAN HOLDINGS, INC.	 	PAGE 7 OF 10
	CHANGE OF CONTROL AGREEMENT	 	

 (f) Miscellaneous. No provisions of this Agreement may be modified,
waived or discharged unless such waiver, modification or discharge is agreed to in a writing signed by Executive and by the Chairman of the Board or an authorized officer of the Company. No waiver by either party hereto at any time of any breach by
the other party hereto of, or compliance with, any condition or provision of this Agreement to be performed by such other party shall be deemed a waiver of similar or dissimilar provisions or conditions at the same or at any prior or subsequent
time. 
 (g) Choice of Law; Validity. The interpretation, construction and performance of this Agreement
shall be governed by and construed and enforced in accordance with the laws of the State of Texas without regard to conflicts of laws principles. The invalidity or unenforceability of any provisions of this Agreement shall not affect the validity or
enforceability of any other provision of this Agreement, each of which shall remain in full force and effect. 

(h) Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed to be
an original but all of which together shall constitute one and the same instrument. 
 (i) Descriptive
Headings. Descriptive headings are for convenience only and shall not control or affect the meaning or construction of any provision of this Agreement. 
 (j) Corporate Approval. This Agreement has been approved by the Board, and has been duly executed and delivered by Executive and on behalf of the Company by its duly authorized representative.

 (k) Disputes. The parties agree to resolve any claim or controversy arising out of or relating to this
Agreement by binding arbitration under the Federal Arbitration Act before one arbitrator in the City of Houston, State of Texas, administered by the American Arbitration Association under its Commercial Arbitration Rules, and judgment on the award
rendered by the arbitrator may be entered in any court having jurisdiction 

  
  

			
	EXTERRAN HOLDINGS, INC.	 	PAGE 8 OF 10
	CHANGE OF CONTROL AGREEMENT	 	

 
thereof. The Company shall reimburse Executive, not later than December 31st of the calendar year incurred (or, if later, the last day of the month following the month incurred), for all
legal fees and expenses incurred by Executive in connection with any dispute arising under this Agreement on or after the Effective Date, including, without limitation, the fees and expenses of the arbitrator, unless the arbitrator finds Executive
brought such claim in bad faith, in which event each party shall pay its own costs and expenses and Executive shall repay the Company any fees and expenses previously paid on Executive’s behalf by the Company. 

The parties stipulate that the provisions hereof shall be a complete defense to any suit, action, or proceeding instituted
in any federal, state, or local court or before any administrative tribunal with respect to any controversy or dispute arising during the period of this Agreement and which is arbitrable as herein set forth. The arbitration provisions hereof shall,
with respect to such controversy or dispute, survive the termination of this Agreement. This Section 5(k) shall be administered in accordance with the disputed payment provisions of Treasury Regulation Section 1.409A-3(g). 

(l) Withholding of Taxes. The Company may withhold from any amounts payable under this Agreement all taxes it is
required to withhold pursuant to any applicable law or regulation. 
 (m) No Employment Agreement. Nothing
in this Agreement shall give Executive any rights to (or impose any obligations for) continued employment by the Company or any of its affiliates or any successors, nor shall it give the Company any rights (or impose any obligations) with respect to
continued performance of duties by Executive for the Company or any of its affiliates or successors. 
 (n)
Entire Agreement. This Agreement constitutes the entire agreement of Executive and the Company with respect to the subject matter hereof, and hereby expressly terminates, rescinds and replaces in full any prior and contemporaneous promises,
representations, understandings, arrangements and agreements between the parties relating to the subject matter hereof, whether written or oral. However, the Severance Benefit Agreement between the Company and the Executive dated as of the date
hereof (the “Severance Agreement”) shall remain in full force and effect through the Date of Termination (and if there is a Qualifying Termination of Employment under the Severance Agreement that does not constitute a
Qualifying Termination for purposes of this Agreement, then the Severance Agreement shall apply in lieu of this Agreement (and this Agreement shall be of no further force and effect)). Nothing in this Agreement shall affect Executive’s rights
under such compensation and benefit plans and programs of the Company in which Executive may participate, except as may be explicitly provided in this Agreement. 
 [Signature page follows.] 
  

  
  

			
	EXTERRAN HOLDINGS, INC.	 	PAGE 9 OF 10
	CHANGE OF CONTROL AGREEMENT	 	

 IN WITNESS WHEREOF, the parties have executed this Agreement in multiple
counterparts, all of which shall constitute one agreement, effective as of the Effective Date. 
  

			
	EXTERRAN HOLDINGS, INC.
		
	By:	 	 /s/ D. Bradley Childers

		 	Name: D. Bradley Childers
		 	Title: President and Chief Executive Officer
	
	EXECUTIVE
	
	 /s/ William M. Austin

	William M. Austin

  
  

			
	EXTERRAN HOLDINGS, INC.	 	PAGE 10 OF 10
	CHANGE OF CONTROL AGREEMENT	 	

 ANNEX I 
 TO 
 CHANGE OF CONTROL AGREEMENT 

Definitions:  
  

	1.	401(k) Plan. “401(k) Plan” shall mean the Company’s 401(k) Retirement and Savings Plan or any successor plan and any other Code
Section 401(a) qualified plan that includes a cash or deferral arrangement under Code Section 401(k). 

  

	2.	Base Salary. “Base Salary” shall mean an Executive’s annual rate of base salary (without regard to bonus compensation) as in effect
immediately prior to the Change of Control or as the same may be increased from time to time thereafter. 

  

	3.	Board. “Board” shall mean the Board of Directors of the Company. 

 

	4.	Cause. “Cause” shall mean a termination of Executive’s employment due to (a) the commission by Executive of an act of fraud,
embezzlement or willful breach of a fiduciary duty to the Company or an affiliate (including the unauthorized disclosure of confidential or proprietary material information of the Company or an affiliate), (b) a conviction of Executive of (or a
plea of nolo contendere to) a felony or a crime involving fraud, dishonesty or moral turpitude, (c) willful failure of Executive to follow the written directions of the Board; (d) willful misconduct by Executive as an employee of
the Company or an affiliate; (e) the willful failure of Executive to render services to the Company or an affiliate in accordance with Executive’s employment arrangement, which failure amounts to a material neglect of Executive’s
duties to the Company or an affiliate; or (f) Executive’s substantial dependence, as determined in the sole discretion of the Board, on any drug, immediate precursor or other substance listed on Schedule IV of the Federal
Comprehensive Drug Abuse Prevention and Control Act of 1970, as amended. 

  

	5.	Change of Control. A “Change of Control” of the Company shall mean: 

 

	 	(a)	The acquisition by any Person of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of forty percent (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 (a), any acquisition by any Person pursuant to a transaction which
complies with clause (A) of subsection (c) of this definition shall not constitute a Change of Control; or 

  

	 	(b)	 Individuals who, as of the date hereof, constitute the Board (the “Incumbent Board”) cease for any reason to constitute at
least a majority of the Board; provided, however, that any individual becoming a director subsequent to the date 

  
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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; or 

 

	 	(c)	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 sixty percent (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, providing for such Corporate Transaction. The term “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. 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. 

  

	6.	Code. “Code” shall mean the Internal Revenue Code of 1986, as amended. 

 

	7.	 Confidential Information. “Confidential Information” shall mean any and all information, data and knowledge that has
been created, discovered, developed or otherwise become known to the Company or any of its affiliates or ventures or in which property rights have been assigned or otherwise conveyed to the Company or any of its

  
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affiliates or ventures, which information, data or knowledge has commercial value in the business in which the Company is engaged, except such information, data or knowledge as is or becomes
known to the public without violation of the terms of this Agreement. 

  

	8.	Date of Termination. “Date of Termination” shall mean (a) if Executive terminates his employment for Good Reason, that date on which
Executive’s employment is deemed terminated as provided in the definition of Good Reason, (b) with respect to a termination of employment prior to a Change of Control that is deemed to be during the Protected Period, the date of such
termination, or (c) if Executive’s employment is terminated for any other reason on or after a Change of Control, the date of such termination, provided, in the case of each of clauses (a), (b) and (c) above, that such
termination is also a “separation from service” within the meaning of Code Section 409A. 

  

	9.	Disability. A “Disability” shall mean Executive becoming entitled to long-term disability benefits under the Company’s long-term
disability plan. 

  

	10.	Exchange Act. “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended. 

 

	11.	Good Reason. “Good Reason” shall mean the occurrence of any of the following without Executive’s express written consent:

  

	 	(a)	a permanent change in Executive’s duties or responsibilities which are materially inconsistent with either the type of duties and responsibilities of Executive
then in effect or with Executive’s title, but excluding any such change that is in conjunction with and consistent with a promotion of Executive; 

  

	 	(b)	a reduction in Executive’s Base Salary; 

  

	 	(c)	a reduction in Executive’s annual Target Short-Term Incentive percentage of Base Salary as in effect immediately prior to the Change of Control;

  

	 	(d)	a material reduction in Executive’s employee benefits (without regard to bonus compensation, if any) if such reduction results in Executive receiving benefits
which are, in the aggregate, materially less than the benefits received by other comparable employees of the Company generally; 

  

	 	(e)	Executive’s being required to be based at any other office or location of employment more than fifty (50) miles from Executive’s primary office or
location of employment immediately prior to a Change of Control; or 

  

	 	(f)	the willful failure by the Company to pay any compensation to Executive when due. 

  
 A-3

 However, Good Reason shall not exist with respect to a matter unless Executive gives the
Company a Notice of Termination within eighteen (18) months following the date of occurrence of the Change of Control. If Executive fails to give such Notice of Termination timely, Executive shall be deemed to have waived all rights Executive
may have under this Agreement with respect to such matter. The Company shall have thirty (30) business days from the date of receipt of such Notice of Termination to cure the matter. If the Company cures the matter, such Notice of Termination
shall be deemed rescinded. If the Company fails to cure the matter timely, Executive shall be deemed to have terminated at the end of such thirty (30)-day period. 
  

	12.	IRS. “IRS” shall mean the Internal Revenue Service. 

 

	13.	Notice of Termination. “Notice of Termination” shall mean a written notice that sets forth in reasonable detail the facts and
circumstances for termination of Executive’s employment. 

  

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

  

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

  

	16.	Protected Period. The “Protected Period” shall mean the period of time beginning with the Change of Control and ending on the eighteen
(18)-month anniversary of such Change of Control or Executive’s death, if earlier; provided, however, (a) if Executive’s employment with the Company is terminated during the Term and within six (6) months prior to the date
on which a Change of Control occurs (e.g., not during the Protected Period), and (b) it is reasonably demonstrated by Executive that such termination was at the request of a third party who has taken steps reasonably calculated to effect the
Change of Control, or otherwise arose in connection with or anticipation of the Change of Control, then for all purposes of this Agreement the Change of Control shall be deemed to have occurred on the date immediately prior to the date of
Executive’s termination and Executive shall be deemed terminated by the Company during the Protected Period other than for Cause. 

  

	17.	Qualifying Termination of Employment. A “Qualifying Termination of Employment” shall mean a termination of Executive’s employment
during the Protected Period either (a) by the Company other than for Cause or (b) by Executive for a Good Reason. A termination of employment due to the Executive’s death or Disability during the Protected Period shall not constitute
a Qualifying Termination of Employment. 

  

	18.	Restricted Area. “Restricted Area” shall mean any state in the United States, or any country in which the Company or its subsidiaries
engage in any Restricted Business at any time during the term of Executive’s employment with the Company. 

  
 A-4

	19.	Restricted Business. “Restricted Business” shall mean the business of designing, manufacturing, servicing, operating, marketing,
assembling, renting or leasing of air or gas compressors or devices using comparable technologies or other business in which the Company or its subsidiaries may be engaged during the term of Executive’s employment with the Company. To the
extent that any entity is primarily engaged in a business other than a Restricted Business, the term “Restricted Business” shall mean the operations, division, segment or subsidiary of such entity that is engaged in any
Restricted Business. 

  

	20.	Short-Term Incentive. “Short-Term Incentive” shall mean, with respect to any fiscal year of the Company, the specific annual incentive
award (if any) approved for Executive by the Board or a designated committee of the Board with respect to such year. 

  

	21.	Target Short-Term Incentive. “Target Short-Term Incentive” shall mean the target annual short-term incentive opportunity for Executive
expressed as a percentage of salary, as set forth in the annual management incentive plan covering such Executive. 

  

	22.	Termination Year. “Termination Year” shall mean the calendar year during which Executive’s Date of Termination occurs.

  
 A-5Severance Benefit Agreement

 Exhibit 10.63 
 SEVERANCE BENEFIT AGREEMENT 
 THIS SEVERANCE BENEFIT AGREEMENT (this
“Agreement”) is made and entered into effective as of December 12, 2011 (the “Effective Date”), by and between Exterran Holdings, Inc., a Delaware corporation (the
“Company”) and William M. Austin (the “Executive”). 
 W I T N E S S E T
H: 
 WHEREAS, the Executive is employed as the Executive Vice President and Chief Financial Officer of the
Company; and 
 WHEREAS, the Company and the Executive mutually desire to arrange for the Executive’s separation
from employment with the Company and its affiliates in certain circumstances; 
 NOW, THEREFORE, in consideration of the
premises, the terms and provisions set forth herein, the mutual benefits to be gained by the performance thereof and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as
follows: 
 1. Term. This Agreement shall begin on the Effective Date and shall continue until December 12, 2014, plus,
in the event of the Executive’s Qualifying Termination of Employment for Good Reason, any additional time period necessitated by the Company’s right to cure as set forth in the definition of Good Reason (the
“Term”). This Agreement shall automatically terminate as of the date of the Executive’s termination of employment with the Company and all of its affiliates (“Termination Date”). Termination of
this Agreement shall not alter or impair any rights of the Executive arising under this Agreement on or prior to such termination. 
 2. Qualifying Termination of Employment. If the Executive incurs a Qualifying Termination of Employment during the Term, the Executive shall be entitled to the benefits provided in Section 3
hereof, subject to the terms and conditions of this Agreement; provided, that if the Executive’s termination of employment constitutes a “Qualifying Termination of Employment” for purposes of the Change of Control Agreement (as
defined below), then the terms and conditions of the Change of Control Agreement shall control and the Executive’s termination shall not constitute a Qualifying Termination of Employment for purposes of this Agreement. If the Executive’s
employment terminates for any reason other than for a Qualifying Termination of Employment during the Term, then the Executive shall not be entitled to any benefits under this Agreement. 

For purposes of this Agreement: 
 (a) A “Qualifying Termination of Employment” shall mean a termination of the Executive’s employment with the Company and all of its affiliates during the Term either
(i) by the Company other than for Cause or (ii) by the Executive for a Good Reason. The Executive’s death or Disability during the Term shall not constitute a 

 
Qualifying Termination of Employment. For the avoidance of doubt, a termination of the Executive’s employment due to a Qualifying Termination of Employment (as defined in Change of Control
Agreement (as defined below)), shall not constitute a Qualifying Termination of Employment for purposes of this Agreement. 
 (b) “Cause” shall mean a termination of the Executive’s employment due to one of the following reasons: 

 

	 	(i)	the commission by the Executive of an act of fraud, embezzlement or willful breach of a fiduciary duty to the Company or an affiliate (including the unauthorized
disclosure of confidential or proprietary material information of the Company or an affiliate); 

  

	 	(ii)	a conviction of the Executive for (or a plea of nolo contendere to) a felony or a crime involving fraud, dishonesty or moral turpitude; 

 

	 	(iii)	willful failure of the Executive to follow the written directions the Board of Directors of the Company (the “Board”); 

 

	 	(iv)	willful misconduct of the Executive as an employee of the Company or an affiliate; 

 

	 	(v)	willful failure of the Executive to render services to the Company or an affiliate in accordance with the Executive’s employment arrangement, which failure amounts
to a material neglect of the Executive’s duties to the Company or an affiliate; or 

  

	 	(vi)	the Executive’s substantial dependence, as determined in the sole discretion of the Board, on any drug, immediate precursor or other substance listed on Schedule
IV of the Federal Comprehensive Drug Abuse Prevention and Control Act of 1970, as amended. 

 (c)
“Good Reason” shall mean the occurrence of any of the following events without the Executive’s express written consent: 
  

	 	(i)	a diminution in the Executive’s title, duties or responsibilities in effect as of the Effective Date or a permanent change in the Executive’s duties or
responsibilities which are inconsistent with either the type of duties and responsibilities of the Executive or the Executive’s title as of the Effective Date, but excluding any such change that is in conjunction with and consistent with a
promotion of the Executive; 

  

	 	(ii)	a reduction in the Executive’s then current base salary; 

  

	 	(iii)	a reduction in the Executive’s then current annual target bonus percentage of base salary; 

 

	 	(iv)	a reduction in the Executive’s employee benefits (without regard to bonus compensation, if any) if such reduction results in the Executive receiving benefits which
are, in the aggregate, materially less than the benefits received by other comparable Executives of the Company generally; 

  
 -2-

	 	(v)	the Executive’s being required to be based at any other office or location of employment more than fifty (50) miles from the Executive’s primary office
or location of employment as of the Effective Date (other than in the case of repatriation); or 

  

	 	(vi)	willful failure by the Company to pay any compensation to the Executive when due; 

 provided, however, that, Good Reason shall not exist with respect to such an event unless the Executive provides the Company a written notice of termination that sets forth in reasonable detail the
facts and circumstances supporting the occurrence of such event within thirty (30) days of the date of first occurrence of such event. If the Executive fails to provide such notice of termination timely, the Executive shall be deemed to have
waived all rights the Executive may have under this Agreement with respect to such event. The Company shall have thirty (30) business days from the date of receiving such notice of termination to cure the event. If the Company cures the event,
such notice of termination shall be deemed rescinded. If the Company fails to cure the event timely, the Executive shall be deemed to have terminated for Good Reason at the end of such thirty (30)-day cure period. 

3. Severance and Other Entitlements. In consideration for the Executive’s execution of this Agreement, including the
provisions in Section 4 of this Agreement, and subject to the execution of the Waiver and Release attached hereto as Attachment A (the “Waiver”), without revocation (as described in Section 3(e) below), the
Company and the Executive agree as follows: 
 (a) Accrued Obligations. The Company shall pay to the
Executive his base salary earned but unpaid, his earned but unused vacation days and any unreimbursed business expenses (the “Accrued Obligations”), as of the date of the Qualifying Termination of Employment (the
“Separation Date”), in accordance with its normal payroll practices, but in no event later than thirty (30) days following the Separation Date. 

(b) Severance Payment. Provided the Qualifying Termination of Employment occurs during the
period commencing on the Effective Date and ending on the second (2nd) anniversary of the Effective Date, the Company shall pay the Executive a lump-sum amount equal to the Severance Payment on the thirty-fifth (35th) day after the Separation Date, subject to the Waiver
requirement described in Section 3(e) below. The “Severance Payment” shall be the sum of: 
  

	 	(i)	the Executive’s annual rate of base salary (without regard to bonus compensation) as in effect immediately prior to the Separation Date; plus 

  

	 	(ii)	the amount of Executive’s annual incentive award opportunity calculated as a percentage of his annual base salary for the year in which the Separation Date occurs
calculated at the target percent (the “Incentive Opportunity”) (not prorated). 

  
 -3-

 (c) Equity. The Executive’s outstanding
equity awards (including, without limitation, any stock options, restricted stock, restricted stock units and performance shares) granted under the Amended and Restated Exterran Holdings, Inc. 2007 Stock Incentive Plan or the Exterran Holdings, Inc.
2011 Employment Inducement Long-Term Equity Plan and, subject to the consent of the Compensation Committee of the Board of Directors of Exterran GP LLC, the Executive’s outstanding phantom units granted under the Exterran Partners, L.P.
Long-Term Incentive Plan, that would have vested during the twelve (12)-month period beginning immediately following the Separation Date and ending on the first (1st) anniversary of the Separation Date will vest in full as of the Separation Date and will be paid or delivered in
accordance with the terms of the applicable award agreements. 
 (d) Medical Benefits.
During the period commencing on the Separation Date and ending on the earlier of (i) the first (1st) anniversary of the Separation Date or (ii) the date the Executive and his eligible dependents are eligible for coverage under the medical plan of a subsequent employer of the Executive, the
Executive and his eligible dependents will be eligible to continue to be covered under the Company’s medical plan as in effect during such period, subject to the Executive’s timely payment of the plan premiums, at the active employee rates
as in effect from time to time during such period. (For the avoidance of doubt, if the Executive and his eligible dependents become eligible for coverage under the medical plan of the Executive’s subsequent employer, then as of the date of such
eligibility the medical and other welfare benefits described herein will cease.) The foregoing notwithstanding, the Company may amend, modify or terminate such plan, without the consent of the Executive. The parties further agree that any such
action by the Company will not be a breach of this Agreement by the Company nor will it entitle the Executive to any payment or replacement benefits. The Executive acknowledges that the portion of the premiums paid by the Company (or an affiliate of
the Company) is taxable income to the Executive and the Company (or an affiliate) will report such portion of the premiums as imputed income to the Executive on the applicable Internal Revenue Service tax reporting forms. Notwithstanding the
foregoing, with regard to such medical continuation coverage, if the Company determines in its sole discretion that it cannot provide the foregoing benefit without potentially violating applicable law (including, without limitation,
Section 2716 of the Public Health Service Act), the Company shall in lieu thereof provide to the Executive a taxable monthly payment in an amount equal to the monthly premium that the Executive would be required to pay to continue the
Executive’s and the Executive’s covered dependents’ group insurance coverage as in effect on the Separation Date (which amount shall be based on the premiums for the first month of such continued coverage). 

(e) Waiver. The foregoing to the contrary notwithstanding, the Executive’s entitlement to the payment and
benefits described in this Section 3, other than the Accrued Obligations provided in Section 3(a) and the payments and entitlements described in Section 3(f) hereof (solely for purposes of this Section 3(e), the
“Excluded Payments”), are subject to, and contingent upon the Executive’s binding execution, without revocation during the seven (7)-day revocation period following execution, of the

  
 -4-

 
Waiver within thirty (30) days of the Separation Date (but not before the Separation Date). The parties hereto acknowledge that the consideration to be provided under this Section 3
includes, in part, consideration for the Waiver. The Company’s obligation to make any payments otherwise due under this Section 3, other than the Excluded Payments, shall cease in the event the Executive fails to execute the Waiver within
the time period set forth herein, and thus the Executive shall not be entitled to any of the payments and entitlements provided in this Section 3 other than the Excluded Payments. No payments shall be made until the expiration of the seven
(7)-day revocation period following the Executive’s execution of the Waiver (the “Waiver Effective Date”). Regardless of whether the Executive executes the Waiver, subject to Section 3(d) above, the Executive is
entitled to elect COBRA continuation coverage under the Company’s group health plan for himself and his covered dependents, subject to the Executive’s payment of the full COBRA cost and without any reimbursement by the Company of any
portion of that cost. 
 (f) Other Benefits. Nothing herein shall be deemed to affect the Executive’s
rights to any accrued and/or vested benefits as of the Separation Date, including, without limitation, pursuant to any deferred compensation plan or program, the Company’s Executive Stock Purchase Plan or the Company’s 401(k) plan, in
accordance with the terms and conditions of the applicable agreements, plans and programs for such benefits. The parties acknowledge and agree that the Severance Payment is not eligible compensation for purposes of the Company’s 401(k) plan
(and thus is not eligible for a matching contribution thereunder). 
 4. Nondisparagement Covenant. The Executive, acting
alone or in concert with others, agrees that from and after the Separation Date he will not publicly criticize or disparage the Company or its affiliates, or privately criticize or disparage the Company [or its affiliates] in a manner intended or
reasonably calculated to result in public embarrassment to, or injury to the reputation of, the Company or its affiliates; provided, however, that nothing in this Agreement shall apply to or restrict in any way the communication of
information by the Executive to any state or federal law enforcement or regulatory agency or any legislative or regulatory committee or require notice to the Company thereof. 
 5. Return of Property. On or immediately following the Separation Date, the Executive shall promptly return all Property (as hereinafter defined) which had been entrusted or made available to the
Executive by the Company; provided that if such Property is in electronic form the Executive shall be deemed to comply with this Section 5 if he deletes such Property from his computers. The term “Property” shall mean
all records, files, memoranda, reports, keys, codes, computer hardware and software, documents, videotapes, written presentations, brochures, drawings, notes, correspondence, manuals, models, specifications, computer programs, e-mail, voice mail,
electronic databases, maps, drawings, architectural renditions and all other writings or materials of any type and other property of any kind or description (whether in electronic or other form) prepared, used or possessed by the Executive during
his employment by the Company (and any duplicates of any such property) together with any and all information, ideas, concepts, discoveries, and inventions and the like conceived, made, developed or acquired at any time by the Executive individually
or with others during his employment which relate to the Company’s business, products or services. 

  
 -5-

 6. Post-Separation Date Assistance. Following the Separation Date, the Executive
agrees that he will reasonably and appropriately respond to all inquiries from the Company relating to any current or future litigation of which he may have relevant information, and shall make himself reasonably available to confer with the Company
and otherwise provide testimony as the Company may deem necessary in connection with such litigation, subject in all cases to his other business and personal commitments. Such assistance shall not exceed five (5) days per year and shall be
provided by the Executive without remuneration, but the Company shall pay or reimburse the Executive for all reasonable expenses actually incurred or paid by the Executive in complying with this Section 6 upon the presentation of expense
statements or vouchers or such other supporting information as the Company may reasonably require of the Executive. 
 7.
Assignment. This Agreement and all of the Company’s rights and obligations hereunder shall not be assignable by the Company without the Executive’ prior written consent except as incident to a reorganization, merger or
consolidation, or transfer of all or substantially all of the Company’s assets. The Executive may not assign this Agreement or any of his rights and obligations under this Agreement without the prior written consent of the Company. Subject to
the foregoing, this Agreement shall be binding on, and inure to the benefit of, the Company and the Executive and their respective successors and assigns. 
 8. No Waiver. No term or condition of this Agreement shall be deemed to have been waived, nor shall there be an estoppel against the enforcement of any provision of this Agreement, except by
written instrument of the party charged with such waiver or estoppel. 
 9. Arbitration. Any dispute, controversy or
claim arising out of or relating to the obligations under this Agreement, shall be settled by final and binding arbitration in accordance with the American Arbitration Association Employment Dispute Resolution Rules. The arbitrator shall be selected
by mutual agreement of the parties, if possible. If the parties fail to reach agreement upon appointment of an arbitrator within thirty (30) days following receipt by one party of the other party’s notice of desire to arbitrate, the
arbitrator shall be selected from a panel or panels submitted by the American Arbitration Association (the “AAA”). The selection process shall be that which is set forth in the AAA Employment Dispute Resolution Rules, except
that, if the parties fail to select an arbitrator from one or more panels, AAA shall not have the power to make an appointment but shall continue to submit additional panels until an arbitrator has been selected. Either party may appeal the
arbitration award and judgment thereon and, in actions seeking to vacate an award, the standard of review to be applied to the arbitrator’s findings of fact and conclusions of law will be the same as that applied by an appellate court reviewing
a decision of a trial court sitting without a jury. This agreement to arbitrate shall not preclude the parties from engaging in voluntary, non-binding settlement efforts including mediation. All fees and expenses of the arbitration, including a
transcript if requested but not including the legal costs and fees incurred by any party to such arbitration, will be borne by the parties equally. Each party shall be responsible for its own legal costs and fees. 

  
 -6-

 10. Notices. All notices or communications hereunder shall be in writing, addressed
as follows: 
  

			
	 To the Company:
	 	
		
	 Exterran Holdings, Inc.
	 	
	 16666 Northchase Drive
	 	
	 Houston, TX 77060
	 	
	 Attention: General Counsel
	 	
		
	 To the Executive:
	 	
		
	  
	 	
	  
	 	
	  
	 	

 All such notices shall be conclusively deemed to be received and shall be effective; (i) if sent
by hand delivery or by overnight delivery service, upon receipt, (ii) if sent by telecopy or facsimile transmission, upon confirmation of receipt by the sender of such transmission or (iii) if sent by registered or certified mail, on the
fifth (5th) day after the day on which such notice is
mailed. 
 11. “At-Will” Employment. Nothing in this Agreement modifies the nature of the employment
relationship between the Company and its affiliates and the Executive which continues to be an “at-will” relationship. 
 12. Tax Withholding. The Company may withhold from any amounts payable under this Agreement all federal, state, city or other taxes that will be required pursuant to any law or governmental
regulation or ruling. 
 13. Severability. If any provision of this Agreement is held to be invalid, illegal or
unenforceable, in whole or part, such invalidity will not affect any otherwise valid provision, and all other valid provisions will remain in full force and effect. 
 14. Counterparts. This Agreement may be executed in two or more counterparts, each of which will be deemed an original, and all of which together will constitute one document. 

15. Titles. The titles and headings preceding the text of the paragraphs and subparagraphs of this Agreement have been inserted
solely for convenience of reference and do not constitute a part of this Agreement or affect its meaning, interpretation or effect. 
 16. Governing Law. This Agreement will be construed and enforced in accordance with the laws of the State of Texas, without regard to the principles of conflicts of law thereof. 

17. Venue. Except as provided in Section 9, any suit, action or other legal proceeding arising out of this Agreement shall be
brought in the United States District Court for the Southern District of Texas, Houston Division, or, if such court does not have jurisdiction or will not accept jurisdiction, in any court of general jurisdiction in Harris County, Texas. Each of the
Executive and the Company consents to the jurisdiction of any such court in any such suit, action, or proceeding and waives any objection that it may have to the laying of venue of any such suit, action, or proceeding in any such court. 

  
 -7-

 18. Section 409A. Payments pursuant to this Agreement are intended to comply
with or be exempt from Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), and accompanying Department of Treasury regulations and other interpretive guidance promulgated thereunder (collectively,
“Section 409A”), and, to the extent applicable, the provisions of this Agreement will be administered, interpreted and construed accordingly. Notwithstanding any provision of this Agreement to the contrary, if the Company
determines that any compensation or benefits payable under this Agreement may be or become subject to Section 409A, the Company shall negotiate in good faith with the Executive to adopt such amendments to this Agreement and/or to adopt other
policies and procedures (including amendments, policies and procedures with retroactive effect), or take any other actions, that the Company determines are necessary or appropriate to avoid the imposition of taxes under Section 409A, including
without limitation, actions intended to (i) exempt the compensation and benefits payable under this Agreement from Section 409A, and/or (ii) comply with the requirements of Section 409A; provided, however, that this
Section 18 shall not create an obligation on the part of the Company to adopt any such amendment, policy or procedure or take any such other action, nor shall the Company have any liability for failing to do so. Whenever payments under this
Agreement are to be made in installments, each such installment shall be deemed to be a separate payment for purposes of Section 409A. 
 All reimbursements provided under this Agreement shall be made or provided in accordance with the requirements of Section 409A, including, where applicable, the requirement that (i) any
reimbursement shall be for expenses incurred during the Executive’s lifetime (or during a shorter period of time specified in this Agreement), (ii) the amount of expenses eligible for reimbursement during a calendar year may not affect the
expenses eligible for reimbursement in any other calendar year, (iii) the reimbursement of an eligible expense will be made on or before the last day of the calendar year following the year in which the expense is incurred, and (iv) the
right to reimbursement is not subject to liquidation or exchange for another benefit. 
 Notwithstanding any
provision of this Agreement to the contrary, the Company and the Executive agree that no benefit or benefits under this Agreement, including without limitation any severance payments or benefits payable under Section 3 hereof, shall be paid to
the Executive during the six (6)-month period following the Separation Date if paying such amounts at the time or times indicated in this Agreement would constitute a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code. If the
payment of any such amounts is delayed as a result of the previous sentence, then on the first (1st) business day next following the earlier of (i) the date that is six (6) months and one day following the date of the Executive’s termination of employment, (ii) the date of the
Executive’s death or (iii) such earlier date as complies with the requirements of Section 409A, the Company shall pay the Executive a lump-sum amount equal to the cumulative amount that would have otherwise been payable to the
Executive during such period. 
 19. Entire Agreement. Each party acknowledges that this Agreement is the complete and
exclusive statement of the agreement between the parties regarding the subject matter herein and supersedes any other oral or written agreements between the parties with respect to the subject matter hereof; provided, however, that the Change
of Control Agreement between the Company and the Executive dated as of the date hereof (the “Change of Control Agreement”) shall remain in full force and effect through the Separation Date (and if there is a Qualifying
Termination of Employment under the Change of Control Agreement, then the Change of 

  
 -8-

 
Control Agreement shall apply in lieu of this Agreement (and this Agreement shall be of no further force and effect)). This Agreement may not be modified or altered except by a written instrument
duly executed by both parties. 
 [Execution Page Follows] 

  
 -9-

 IN WITNESS WHEREOF, the parties have executed this Agreement in multiple
counterparts, all of which shall constitute one agreement, effective as of the Effective Date. 
  

			
	EXTERRAN HOLDINGS, INC.
		
	By:	 	 /s/ D. Bradley Childers

		 	D. Bradley Childers
		 	President and Chief Executive Officer
	
	EXECUTIVE
	
	 /s/ William M. Austin

		 	William M. Austin

  
 -10-

 Attachment A 

WAIVER AND RELEASE 
 In exchange for the consideration offered under the Severance Benefit Agreement between me and Exterran Holdings, Inc. (the “Company”), dated as of December 12, 2011 (the
“Agreement”), I hereby waive all of my claims and release the Company, any affiliate, subsidiary or venture of the Company, including, but not limited to, Exterran Partners, L.P. and Exterran GP LLC, and any of their
respective officers, directors, employees, partners, investors, counsel or agents, their benefit plans and the fiduciaries and agents of said plans (collectively referred to as the “Corporate Group”) from any and all claims,
demands, actions, liabilities and damages. 
 I understand that signing this Waiver and Release is an important legal act. I
acknowledge that the Company has advised me in writing to consult an attorney before signing this Waiver and Release. I understand that I have at least twenty-one (21) calendar days to consider whether to sign and return this Waiver and Release
to the Company by first-class mail or by hand delivery in order for it to be effective. 
 In exchange for the consideration
offered to me by the Agreement, which I acknowledge provides consideration to which I would not otherwise be entitled, I agree not to sue or file any charges of discrimination, or any other action or proceeding with any local, state and/or federal
agency or court regarding or relating in any way to the Company with respect to the claims released by me herein, and I knowingly and voluntarily waive all claims and release the Corporate Group from any and all claims, demands, actions,
liabilities, and damages, whether known or unknown, arising out of or relating in any way to the Corporate Group, except with respect to rights under the Agreement, rights under employee benefit plans or programs other than those specifically
addressed in the Agreement, and such rights or claims as may arise after the date this Waiver and Release is executed. This Waiver and Release includes, but is not limited to, claims and causes of action under: Title VII of the Civil Rights Act of
1964, as amended; the Age Discrimination in Employment Act of 1967, as amended, including the Older Workers Benefit Protection Act of 1990; the Civil Rights Act of 1866, as amended; the Civil Rights Act of 1991; the Americans with Disabilities Act
of 1990; the Energy Reorganization Act, as amended, 42 U.S.C. § 5851; the Workers Adjustment and Retraining Notification Act of 1988; the Pregnancy Discrimination Act of 1978; the Employee Retirement Income Security Act of 1974, as
amended; the Family and Medical Leave Act of 1993; the Fair Labor Standards Act; the Occupational Safety and Health Act; claims in connection with workers’ compensation or “whistle blower” statutes; and/or contract, tort, defamation,
slander, wrongful termination or any other state or federal regulatory, statutory or common law. Further, I expressly represent that no promise or agreement which is not expressed in the Agreement or this Waiver and Release has been made to me in
executing this Waiver and Release, and that I am relying on my own judgment in executing this Waiver and Release, and that I am not relying on any statement or representation of any member of the Corporate Group or any of their agents. I agree that
this Waiver and Release is valid, fair, adequate and reasonable, is with my full knowledge and consent, was not procured through fraud, duress or mistake and has not had the effect of misleading, misinforming or failing to inform me. I acknowledge
and agree that the Company will withhold any taxes required by law from the amount payable to me under the Agreement and that such amount shall be reduced by any monies owed by me to the Company. 

  
 A-1

 This Waiver and Release includes a release of claims of discrimination or retaliation on the
basis of workers’ compensation status, but does not include workers’ compensation claims. Excluded from this Waiver and Release are any claims which by law cannot be waived in a private agreement between an employer and employee, including
but not limited to claims under the Fair Labor Standards Act and the right to file a charge with or participate in an investigation conducted by the Equal Employment Opportunity Commission (“EEOC”) or any state or local fair
employment practices agency. I waive, however, the right to any monetary recovery or other relief should the EEOC or any other agency pursue a claim on my behalf. 
 Notwithstanding the foregoing, I do not release and expressly retain (a) all rights to indemnity, contribution, advancement of expenses and a defense, and directors and officers and other liability
coverage that I may have under any statute, the bylaws of the Company or by other agreement; and (b) the right to any unpaid reasonable business expenses and any accrued benefits payable under any Company welfare plan, tax-qualified plan or
other Benefit Plans. For the avoidance of doubt, the term “Benefit Plans” includes any outstanding equity awards under an equity incentive plan, any deferred compensation plan, the Company’s Employee Stock Purchase Plan and the
Company’s 401(k) plan and the Severance Payment under the Agreement is not eligible compensation for purposes of the Company’s 401(k) plan (and thus is not eligible for a matching contribution thereunder). 

Should any of the provisions set forth in this Waiver and Release be determined to be invalid by a court, agency or other tribunal of
competent jurisdiction, it is agreed that such determination shall not affect the enforceability of other provisions of this Waiver and Release. 
 I understand that for a period of seven (7) calendar days following my signing this Waiver and Release (the “Waiver Revocation Period”), I may revoke my acceptance of the
offer by delivering a written statement to the Company by hand or by registered mail, addressed to the address for the Company specified in the Agreement, in which case the Waiver and Release will not become effective. In the event I revoke my
acceptance of this offer, the Company shall have no obligation to provide me the consideration offered under the Agreement to which I would not otherwise have been entitled. I understand that failure to revoke my acceptance of the offer within the
Waiver Revocation Period will result in this Waiver and Release being permanent and irrevocable. 
 I acknowledge that I have
read this Waiver and Release, have had an opportunity to ask questions, have it explained to me and had the opportunity to seek independent legal advice with respect to the matters addressed in this Waiver and Release and that I understand that this
Waiver and Release will have the effect of knowingly and voluntarily waiving any action I might pursue, including breach of contract, personal injury, retaliation, discrimination on the basis of race, age, sex, national origin or disability and any
other claims arising prior to the date of this Waiver and Release, except for those claims specifically not released by me herein. 
 [Execution Page Follows] 

  
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 By execution of this document, I do not waive or release or otherwise relinquish any legal
rights I may have which are attributable to or arise out of acts, omissions or events of the Company or any other member of the Corporate Group which occur after the date of execution of this Waiver and Release. 

AGREED TO AND ACCEPTED this 

             day of
                    , 20     
  

	
	  

[NAME]

  
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