Document:

gawk_ex101.htm

EXHIBIT 10.1
 
ACQUISITION AGREEMENT
 
THIS ACQUISITION AGREEMENT (the “Agreement”) is made this 1st day of July, 2016, by and among Gawk Incorporated, a Nevada corporation (“GAWK”), on one hand, and XTELUS LLC a North Carolina Limited Liability Company (“XTELUS U.S.”) and XTELUS S.A. a Commonwealth of Dominica International Business Company (“XTELUS S.A.” and collectively with XTELUS U.S. as, “XTELUS”) and the undersigned shareholder of XTELUS, NEOGEN HOLDINGS LLC (”NEOGEN”) on the other hand.
 
BACKGROUND
 
A. The NEOGEN owns all of the issued and outstanding shares of capital stock (the “Shares”) of XTELUS;
 
B. Upon the terms and subject to the conditions set forth herein, GAWK desires to purchase the Shares from NEOGEN, and NEOGEN desires to sell the Shares to GAWK (the “Stock Purchase”), after which transaction, XTELUS shall be a wholly-owned subsidiary of GAWK; and
 
C. GAWK, XTELUS and NEOGEN desire to make certain representations, warranties, covenants and agreements in connection with the Stock Purchase and also to prescribe various conditions to the Stock Purchase.
 
NOW, THEREFORE, in consideration of the representations, warranties, covenants and agreements contained in this Agreement, the parties agree as follows:
 
Article I
PURCHASE AND SALE
 
I.1 Purchase and Sale. Upon the terms and subject to the conditions set forth in this Agreement, at the “Closing” (as hereinafter defined), NEOGEN will sell, convey, assign, and transfer the Shares and/or complete control and beneficial interest in the Shares to GAWK. The Shares transferred to GAWK at the Closing shall constitute 100% of the issued and outstanding equity interests of XTELUS.
 
I.2 Consideration. Upon the terms and subject to the satisfaction of the conditions contained in this Agreement, in consideration of the sale, conveyance, assignment and transfer of the Shares and/or complete control and beneficial interest in the Shares, GAWK agrees to issue to NEOGEN, one share of GAWK’s Series D Convertible Preferred Stock (“GAWK Stock”)
 
I.3 Closing. Unless this Agreement shall have been terminated pursuant to Article VI and subject to the satisfaction or waiver of the conditions set forth in Article V, the closing of the Stock Purchase (the “Closing”) will take place electronically no later than at 5:00pm. U.S. Pacific Standard Time on the business day three (3) days following the date of satisfaction of the conditions set forth in Article V (as indicated by the officer certificates to be issued by GAWK and XTELUS pursuant to Article V) (the “Closing Date”), unless another date, time or place is agreed to in writing by the parties hereto.
 
Article II
REPRESENTATIONS AND WARRANTIES
 
II.1 Representations and Warranties of XTELUS. XTELUS and NEOGEN jointly and severally represent and warrant to GAWK as follows:
 
	 
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(a) Organization, Standing and Power. XTELUS is duly organized, validly existing and in good standing under the laws of the State of North Carolina (XTELUS LLC) and the laws of the Commonwealth of Dominica (XTELUS S.A.) respectively and has the requisite power and authority and all government licenses, authorizations, permits, consents and approvals required to own, lease and operate its properties and carry on its business as now being conducted. XTELUS is duly qualified or licensed to do business and is in good standing in each jurisdiction in which the nature of its business or the ownership or leasing of its properties makes such qualification or licensing necessary, other than in such jurisdictions where the failure to be so qualified or licensed (individually or in the aggregate) would not have a material adverse effect.
 
(b) Subsidiaries. XTELUS does not own directly or indirectly, any equity or other ownership interest in any company, corporation, partnership, joint venture or otherwise.
 
(c) Capital Structure. The number of shares and type of all authorized, issued and outstanding capital stock of XTELUS, and all shares of capital stock reserved for issuance under XTELUS’s various option and incentive plans is specified on Schedule 2.01(c). Except as set forth in Schedule 2.01(c), no shares of capital stock or other equity securities of XTELUS are issued, reserved for issuance or outstanding. All outstanding shares of capital stock of XTELUS are duly authorized, validly issued, fully paid and nonassessable and not subject to preemptive rights. There are no outstanding bonds, debentures, notes or other indebtedness or other securities of XTELUS having the right to vote (or convertible into, or exchangeable for, securities having the right to vote) on any matters. Except as set forth in Schedule 2.01(c), there are no outstanding securities, options, warrants, calls, rights, commitments, agreements, arrangements or undertakings of any kind to which XTELUS is a party or by which they are bound obligating XTELUS to issue, deliver or sell, or cause to be issued, delivered or sold, additional shares of capital stock or other equity or voting securities of XTELUS or obligating XTELUS to issue, grant, extend or enter into any such security, option, warrant, call, right, commitment, agreement, arrangement or undertaking. There are no outstanding contractual obligations, commitments, understandings or arrangements of XTELUS to repurchase, redeem or otherwise acquire or make any payment in respect of any shares of capital stock of XTELUS.
 
(d) Corporate Authority; Noncontravention. XTELUS has all requisite power and authority to enter into this Agreement and to consummate the transactions contemplated by this Agreement. The execution and delivery of this Agreement by XTELUS and the consummation by XTELUS of the transactions contemplated hereby have been duly authorized by all necessary action on the part of XTELUS. This Agreement has been duly executed and when delivered by XTELUS shall constitute a valid and binding obligation of XTELUS, enforceable against XTELUS and NEOGEN, as applicable, in accordance with its terms, except as such enforcement may be limited by bankruptcy, insolvency or other similar laws affecting the enforcement of creditors’ rights generally or by general principles of equity. The execution and delivery of this Agreement do not, and the consummation of the transactions contemplated by this Agreement and compliance with the provisions hereof will not, conflict with, or result in any breach or violation of, or default (with or without notice or lapse of time, or both) under, or give rise to a right of termination, cancellation or acceleration of or “put” right with respect to any obligation or to a loss of a material benefit under, or result in the creation of any security interest upon any of the properties or assets of XTELUS under, (i) XTELUS’s certificate or articles of incorporation, bylaws or other organizational or charter documents of XTELUS, (ii) any loan or credit agreement, note, bond, mortgage, indenture, lease or other agreement, instrument, permit, concession, franchise or license applicable to XTELUS, its properties or assets, or (iii) subject to the governmental filings and other matters referred to in the following sentence, any judgment, order, decree, statute, law, ordinance, rule, regulation or arbitration award applicable to XTELUS, its properties or assets, other than, in the case of clauses (ii) and (iii), any such conflicts, breaches, violations, defaults, rights, losses or security interests that individually or in the aggregate could not have a material adverse effect with respect to XTELUS or could not prevent, hinder or materially delay the ability of XTELUS to consummate the transactions contemplated by this Agreement.
 
	 
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(e) Governmental Authorization. No consent, approval, order or authorization of, or registration, declaration or filing with, or notice to, any United States or foreign court, administrative agency or commission, or other federal, state or local government or other governmental authority, agency, domestic or foreign (a “Governmental Entity”), is required by or with respect to XTELUS in connection with the execution and delivery of this Agreement by XTELUS or the consummation by XTELUS of the transactions contemplated hereby, except, with respect to this Agreement, any filings under the Securities Act or the Securities Exchange Act of 1934, as amended (the “Exchange Act”).
 
(f) Certain Fees. No brokerage or finder’s fees or commissions are or will be payable by XTELUS or NEOGEN to any broker, financial advisor or consultant, finder, placement agent, investment banker, bank or other person with respect to the transactions contemplated by this Agreement.
 
(g) Litigation; Labor Matters; Compliance with Laws.
 
(i) There is no suit, action or proceeding or investigation pending or, to the knowledge of XTELUS, threatened against or affecting XTELUS or any basis for any such suit, action, proceeding or investigation that, individually or in the aggregate, could reasonably be expected to have a material adverse effect with respect to XTELUS or prevent, hinder or materially delay the ability of XTELUS to consummate the transactions contemplated by this Agreement, nor is there any judgment, decree, injunction, rule or order of any Governmental Entity or arbitrator outstanding against XTELUS having, or which, insofar as reasonably could be foreseen by XTELUS, in the future could have, any such effect.
 
(ii) The conduct of the business of XTELUS complies with all statutes, laws, regulations, ordinances, rules, judgments, orders, decrees or arbitration awards applicable thereto.
 
(h) Benefit Plans. XTELUS is not a party to any Benefit Plan under which XTELUS currently has an obligation to provide benefits to any current or former employee, officer or director of XTELUS. As used herein, “Benefit Plan” shall mean any employee benefit plan, program, or arrangement of any kind, including any defined benefit or defined contribution plan, stock ownership plan, executive compensation program or arrangement, bonus plan, incentive compensation plan or arrangement, profit sharing plan or arrangement, deferred compensation plan, agreement or arrangement, supplemental retirement plan or arrangement, vacation pay, sickness, disability, or death benefit plan (whether provided through insurance, on a funded or unfunded basis, or otherwise), medical or life insurance plan providing benefits to employees, retirees, or former employees or any of their dependents, survivors, or beneficiaries, severance pay, termination, salary continuation, or employee assistance plan.
 
(i) Properties and Tangible Assets.
 
	 
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(i) XTELUS has valid land use rights for all real property that is material to its business and good, clear and marketable title to all its tangible properties and tangible assets disclosed as being owned by XTELUS, free and clear of all material security interests, encumbrances, claims, security interest, options and restrictions of any nature whatsoever.
 
(ii) XTELUS has good and marketable title to, or its employees have necessary access to, or in the case of leased property, a valid leasehold interest in, the office space, computers, equipment and other material tangible assets which are material to its business. Each such tangible asset is in all material respects in good operating condition and repair (subject to normal wear and tear), is suitable for the purposes for which it presently is used, and, except as to leased assets, free and clear of any and all security interests. XTELUS does not have any knowledge of any dispute or claim made by any other person concerning such right, title and interest in such tangible assets, except where such assets are the property of, or supplied by, its employees.
 
(j) Intellectual Property.
 
(i) As used in this Agreement, “Intellectual Property” means all right, title and interest in or relating to all intellectual property, whether protected, created or arising under the laws of the United States or any other jurisdiction or under any international convention, including, but not limited to the following: (a) service marks, trademarks, trade names, trade dress, logos and corporate names (and any derivations, modifications or adaptations thereof), Internet domain names and Internet websites (and content thereof), together with the goodwill associated with any of the foregoing, and all applications, registrations, renewals and extensions thereof (collectively, “Marks”); (b) patents and patent applications, including all continuations, divisionals, continuations-in-part and provisionals and patents issuing thereon, and all reissues, reexaminations, substitutions, renewals and extensions thereof (collectively, “Patents”); (c) copyrights, works of authorship and moral rights, and all registrations, applications, renewals, extensions and reversions thereof (collectively, “Copyrights”); (d) confidential and proprietary information, trade secrets and non-public discoveries, concepts, ideas, research and development, technology, know-how, formulae, inventions (whether or not patentable and whether or not reduced to practice), compositions, processes, techniques, technical data and information, procedures, designs, drawings, specifications, databases, customer lists, supplier lists, pricing and cost information, and business and marketing plans and proposals, in each case excluding any rights in respect of any of the foregoing that comprise or are protected by Patents (collectively, “Trade Secrets”); and (e) Technology. For purposes of this Agreement, “Technology” means all Software, information, designs, formulae, algorithms, procedures, methods, techniques, ideas, know-how, research and development, technical data, programs, subroutines, tools, materials, specifications, processes, inventions (whether or not patentable and whether or not reduced to practice), apparatus, creations, improvements and other similar materials, and all recordings, graphs, drawings, reports, analyses, and other writings, and other embodiments of any of the foregoing, in any form or media whether or not specifically listed herein. Further, for purposes of this Agreement, “Software” means any and all computer programs, whether in source code or object code; databases and compilations, whether machine readable or otherwise; descriptions, flow-charts and other work product used to design, plan, organize and develop any of the foregoing; and all documentation, including user manuals and other training documentation, related to any of the foregoing.
 
	 
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(ii) Schedule 2.01(j) sets forth a list and description of the Intellectual Property required for XTELUS to operate, or used or held for use by XTELUS, in the operation of its business, including, but not limited to (a) all issued Patents and pending Patent applications, registered Marks, pending applications for registration of Marks, unregistered Marks, registered Copyrights of XTELUS and the record owner, registration or application date, serial or registration number, and jurisdiction of such registration or application of each such item of Intellectual Property, (b) all Software developed by or for XTELUS and (c) any Software not exclusively owned by XTELUS and incorporated, embedded or bundled with any Software listed in clause (b) above (except for commercially available software and so-called “shrink wrap” software licensed to XTELUS on reasonable terms through commercial distributors or in consumer retail stores for a license fee of no more than $10,000).
 
(iii) XTELUS is the exclusive owner of or has a valid and enforceable right to use all Intellectual Property listed for XTELUS in Schedule 2.01(j) (and any other Intellectual Property required to be listed in Schedule 2.01(j)) as the same are used, sold, licensed and otherwise commercially exploited by XTELUS, free and clear of all security interests, and no such Intellectual Property has been abandoned. The Intellectual Property owned by XTELUS and the Intellectual Property licensed to it pursuant to valid and enforceable written license agreements include all of the Intellectual Property necessary and sufficient to enable XTELUS to conduct its business in the manner in which such business is currently being conducted. The Intellectual Property owned by XTELUS and its rights in and to such Intellectual Property are valid and enforceable.
 
(iv) XTELUS has not received, and is not aware of, any written or oral notice of any reasonable basis for an allegation against XTELUS of any infringement, misappropriation, or violation by XTELUS of any rights of any third party with respect to any Intellectual Property, and XTELUS is not aware of any reasonable basis for any claim challenging the ownership, use, validity or enforceability of any Intellectual Property owned, used or held for use by XTELUS. XTELUS does not have any knowledge (a) of any third-party use of any Intellectual Property owned by or exclusively licensed to XTELUS, (b) that any third-party has a right to use any such Intellectual Property, or (c) that any third party is infringing, misappropriating, or otherwise violating (or has infringed, misappropriated or violated) any such Intellectual Property.
 
(v) XTELUS has not infringed, misappropriated or otherwise violated any Intellectual Property rights of any third parties, and XTELUS is not aware of any infringement, misappropriation or violation of any third party rights which will occur as a result of the continued operation of XTELUS as presently operated and/or the consummation of the transaction contemplated by this Agreement.
 
(vi) XTELUS has taken adequate security measures to protect the confidentiality and value of its Trade Secrets (and any confidential information owned by a third party to whom XTELUS has a confidentiality obligation).
 
(vii) The consummation of the transactions contemplated by this Agreement will not adversely affect the right of XTELUS to own or use any Intellectual Property owned, used or held for use by it.
 
(viii) All necessary registration, maintenance, renewal and other relevant filing fees in connection with any of the Intellectual Property owned by XTELUS and listed (or required to be listed) on Schedule 2.01(j) have been timely paid and all necessary registrations, documents, certificates and other relevant filings in connection with such Intellectual Property have been timely filed with the relevant governmental authorities in the United States or foreign jurisdictions, as the case may be, for the purpose of maintaining such Intellectual Property and all issuances, registrations and applications therefor. There are no annuities, payments, fees, responses to office actions or other filings necessary to be made and having a due date with respect to any such Intellectual Property within ninety (90) days after the date of this Agreement.
 
	 
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(ix) Notwithstanding anything to the contrary, any forms of operating system software and/or database server software used by XTELUS to conduct its business as currently conducted are specifically excluded from the representations made by XTELUS in this section j.
 
(k) Liabilities. XTELUS, to the best of its knowledge, has no material liabilities or obligations of any nature (whether fixed or unfixed, secured or unsecured, known or unknown and whether absolute, accrued, contingent, or otherwise) except for liabilities or obligations disclosed to GAWK in writing.
 
(l) Board Recommendation. The Board of Directors of XTELUS has unanimously determined that the terms of the Stock Purchase are fair to and in the best interests of the Shareholder of XTELUS.
 
(m) Ownership of Stock. NEOGEN owns and/or fully control and cause to be fully controlled by GAWK, all of the issued and outstanding shares of capital stock of XTELUS, free and clear of all liens.
 
(n) Material Agreements. XTELUS, to the best of its knowledge, has made available to GAWK either an original or a correct and complete copy of each written contract to which XTELUS is currently or in the future will be bound. With respect to each such contract: (a) the agreement is the legal, valid, binding, enforceable obligation of XTELUS and is in full force and effect in all material respects, subject to bankruptcy and equitable remedies exceptions; (b)(X) Other than resulting from any past due amounts owed to suppliers, otherwise disclosed, and not known to be material, XTELUS is not in material breach or default thereof, (Y) no event has occurred which, with notice or lapse of time, would constitute a material breach or default of, or permit termination, modification, or acceleration under, the contract; or (Z) XTELUS has not received any notice or has any knowledge that any other party is, in default in any respect under any contract; and (c) XTELUS has not repudiated any material provision of the agreement.
 
(o) Tax Returns and Tax Payments.
 
(i) XTELUS has timely filed with the appropriate taxing authorities all tax returns required to be filed by it (taking into account all applicable extensions). All such tax returns are true, correct and complete in all respects. All taxes due and owing by XTELUS have been paid (whether or not shown on any tax return and whether or not any tax return was required).
 
(ii) No material claim for unpaid taxes has been made or become a security interest against the property of XTELUS or is being asserted against XTELUS, and no extension of the statute of limitations on the assessment of any taxes has been granted to XTELUS and is currently in effect.
 
(iii) As used herein, “taxes” shall mean all taxes of any kind, including, without limitation, those on or measured by or referred to as income, gross receipts, sales, use, ad valorem, franchise, profits, license, withholding, payroll, employment, excise, severance, stamp, occupation, premium value added, property or windfall profits taxes, customs, duties or similar fees, assessments or charges of any kind whatsoever, together with any interest and any penalties, additions to tax or additional amounts imposed by any governmental authority, domestic or foreign. As used herein, “tax return” shall mean any return, report or statement required to be filed with any governmental authority with respect to taxes.
 
	 
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(p) Environmental Matters. XTELUS is in compliance with all Environmental Laws in all material respects.
 
(q) Compliance With Anti-Corruption Laws. Neither XTELUS nor to the knowledge of XTELUS, any director, officer, agent, employee or other person acting on behalf of XTELUS has, in the course of its actions for, or on behalf of, XTELUS (i) used any corporate funds for any unlawful contribution, gift, entertainment or other unlawful expenses relating to political activity; (ii) made any direct or indirect unlawful payment to any foreign or domestic government official or employee from corporate funds; or (iii) made any unlawful bribe, rebate, payoff, influence payment, kickback or other unlawful payment to any foreign or domestic government official or employee.
 
(r) OFAC. Neither XTELUS, nor to the knowledge of XTELUS, any director, officer, agent, employee, affiliate or person acting on behalf of XTELUS, is currently subject to any U.S. sanctions administered by the Office of Foreign Assets Control of the U.S. Treasury Department.
 
(s) Full Disclosure. All of the representations and warranties made by XTELUS and NEOGEN in this Agreement, and all statements set forth in the certificates delivered by XTELUS at the Closing pursuant to this Agreement, are true, correct and complete in all material respects and do not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make such representations, warranties or statements, in light of the circumstances under which they were made, misleading. The copies of all documents furnished by XTELUS pursuant to the terms of this Agreement are complete and accurate copies of the original documents. The schedules, certificates, and any and all other statements and information, whether furnished in written or electronic form, to GAWK or its representatives by or on behalf of any of XTELUS or its affiliates in connection with the negotiation of this Agreement and the transactions contemplated hereby do not contain any material misstatement of fact or omit to state a material fact or any fact necessary to make the statements contained therein not misleading.
 
II.2 Representations and Warranties of GAWK. GAWK represents and warrants to XTELUS and NEOGEN as follows:
 
(a) Organization, Standing and Corporate Power. GAWK is duly organized, validly existing and in good standing under the laws of the State of Nevada and has the requisite corporate power and authority and all government licenses, authorizations, permits, consents and approvals required to own, lease and operate its properties and carry on its business as now being conducted. GAWK is duly qualified or licensed to do business and is in good standing in each jurisdiction in which the nature of its business or the ownership or leasing of its properties makes such qualification or licensing necessary, other than in such jurisdictions where the failure to be so qualified or licensed (individually or in the aggregate) would not have a material adverse effect with respect to GAWK.
 
(b) Corporate Authority; Noncontravention. GAWK has all requisite corporate and other power and authority to enter into this Agreement and to consummate the transactions contemplated by this Agreement. The execution and delivery of this Agreement by GAWK and the consummation by GAWK of the transactions contemplated hereby have been (or at Closing will have been) duly authorized by all necessary corporate action on the part of GAWK. This Agreement has been duly executed and when delivered by GAWK shall constitute a valid and binding obligation of GAWK, enforceable against GAWK in accordance with its terms, except as such enforcement may be limited by bankruptcy, insolvency or other similar laws affecting the enforcement of creditors’ rights generally or by general principles of equity.
 
	 
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(c) Government Authorization. No consent, approval, order or authorization of, or registration, declaration or filing with, or notice to, any Governmental Entity, is required by or with respect to GAWK in connection with the execution and delivery of this Agreement by GAWK, or the consummation by GAWK of the transactions contemplated hereby, except, with respect to this Agreement, any filings under the Securities Act or the Exchange Act.
 
(d) Certain Fees. No brokerage or finder’s fees or commissions are or will be payable by GAWK to any broker, financial advisor or consultant, finder, placement agent, investment banker, bank or other person with respect to the transactions contemplated by this Agreement.
 
(e) Litigation; Labor Matters; Compliance with Laws. There is no suit, action or proceeding or investigation pending or, to the knowledge of GAWK, threatened against or affecting GAWK or any basis for any such suit, action, proceeding or investigation that, individually or in the aggregate, could reasonably be expected to have a material adverse effect with respect to GAWK or prevent, hinder or materially delay the ability of GAWK to consummate the transactions contemplated by this Agreement, nor is there any judgment, decree, injunction, rule or order of any Governmental Entity or arbitrator outstanding against GAWK having, or which, insofar as reasonably could be foreseen by GAWK, in the future could have, any such effect.
 
(f) Full Disclosure. All of the representations and warranties made by GAWK in this Agreement, and all statements set forth in the certificates delivered by GAWK at the Closing pursuant to this Agreement, are true, correct and complete in all material respects and do not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make such representations, warranties or statements, in light of the circumstances under which they were made, misleading. The copies of all documents furnished by GAWK pursuant to the terms of this Agreement are complete and accurate copies of the original documents. The schedules, certificates, and any and all other statements and information, whether furnished in written or electronic form, to XTELUS or its representatives by or on behalf of GAWK and the GAWK Stockholders in connection with the negotiation of this Agreement and the transactions contemplated hereby do not contain any material misstatement of fact or omit to state a material fact or any fact necessary to make the statements contained therein not misleading.
 
(g) Valid Issuance of Shares. All GAWK Stock to be issued pursuant to this Agreement, when transferred, shall be duly and validly issued, fully paid, and nonassessable, and will be transferred free of liens, encumbrances and restrictions on transfer other than (a) restrictions on transfer under applicable state and federal securities laws, and (b) restrictions on transfer under GAWK’s governing documents.
 
II.3 Representations and Warranties of NEOGEN. NEOGEN represents and warrants to GAWK as follows:
 
	 
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(a) Ownership of the Shares, NEOGEN owns, and/or completely controls and can cause GAWK to completely control and receive complete beneficial interest in, all of the Shares, free and clear of all liens.
 
(b) Power of Shareholder to Execute Agreement. NEOGEN has the full right, power, and authority to execute, deliver, and perform this Agreement, and this Agreement is the legal binding obligation of the NEOGEN and is enforceable against NEOGEN in accordance with its terms, except that (i) such enforcement may be subject to bankruptcy, insolvency, reorganization, moratorium, or other similar laws now or hereafter in effect relating to creditors’ rights, and (ii) the remedy of specific performance and injunctive and other forms of equitable relief may be subject to equitable defenses and to the discretion of the court before which any proceeding therefore may be brought.
 
(c) Agreement Not in Breach of Other Instruments AffectingNEOGEN. The execution and delivery of this Agreement, the consummation of the transactions hereby contemplated, and the fulfillment of the terms hereof will not result in the breach of any term or provisions of, or constitute a default under, or conflict with, or cause the acceleration of any obligation under any agreement or other instrument of any description to which NEOGEN is a party or by which NEOGEN is bound, or any judgment, decree, order, or award of any court, governmental body, or arbitrator or any applicable law, rule, or regulation.
 
(d) Accuracy of Statements. Neither this Agreement nor any statement, list, certificate, or any other agreement executed in connection with this Agreement or other information furnished or to be furnished by NEOGEN to GAWK in connection with this Agreement or any of the transactions contemplated hereby contains or will contain an untrue statement of a material fact or omits or will omit to state a material fact necessary to make the statements contained herein or therein, in light of circumstances in which they are made, not misleading.
 
Article III
COVENANTS RELATING TO CONDUCT OF BUSINESS PRIOR TO EXCHANGE
 
III.1 Conduct of XTELUS. From the date of this Agreement and until the Closing Date, or until the prior termination of this Agreement, XTELUS shall not, unless agreed to by GAWK in writing:
 
(a) engage in any transaction, except in the normal and ordinary course of business, or create or suffer to exist any security interest upon any of its assets or which will not be discharged in full prior to the Closing;
 
(b) sell, assign or otherwise transfer any of its assets, or cancel or compromise any debts or claims relating to their assets, other than for fair value, in the ordinary course of business, and consistent with past practice;
 
(c) fail to use reasonable efforts to preserve intact its present business organizations, keep available the services of their employees and preserve its material relationships with customers, suppliers, licensors, licensees, distributors and others, to the end that its good will and ongoing business not be impaired prior to the Closing;
 
(d) issue any shares of capital stock;
 
	 
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(e) permit any material adverse change to occur with respect to XTELUS or its business or assets; or
 
(f) make any material change with respect to its business in accounting or bookkeeping methods, principles or practices.
 
Article IV
ADDITIONAL AGREEMENTS
 
IV.1 Access to Information; Confidentiality
 
(a) XTELUS shall, and shall cause its officers, employees, counsel, financial advisors and other representatives to, afford to GAWK and its representatives reasonable access during normal business hours during the period prior to the Closing to its properties, books, contracts, commitments, personnel and records and, during such period, XTELUS shall, and shall cause its officers, employees and representatives to, furnish promptly to GAWK all information concerning its business, properties, financial condition, operations and personnel as such other party may from time to time reasonably request.
 
(b) No investigation pursuant to this Section 4.01 shall affect any representations or warranties of the parties herein or the conditions to the obligations of the parties hereto.
 
IV.2 Best Efforts. Upon the terms and subject to the conditions set forth in this Agreement, each of the parties agrees to use its best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate with the other parties in doing, all things necessary, proper or advisable to consummate and make effective, in the most expeditious manner practicable, the Stock Purchase and the other transactions contemplated by this Agreement. GAWK and XTELUS shall mutually cooperate in order to facilitate the achievement of the benefits reasonably anticipated from the Stock Purchase.
 
IV.3 Public Announcements. XTELUS will not issue any press release or other public statements with respect to the transactions contemplated by this Agreement, except as may be required by applicable law or court process. GAWK maymake such public announcements as required under the federal and applicable state securities laws and regulations in the United States.
 
IV.4 Expenses. All costs and expenses incurred in connection with this Agreement and the transactions contemplated hereby shall be paid by the party incurring such expenses.
 
IV.5 No Solicitation, Competition or Disclosure. Prior to Closing, Shareholders and each officer, director, and key employee (collectively, “Key Persons”)shall enter into a non-competition, non- disclosure and non-solicitation agreement (“NCND”) with GAWK, in the form satisfactory to GAWK.
 
Article V
CONDITIONS PRECEDENT
 
V.1 Conditions to Each Party’s Obligation to Effect the Stock Purchase. The obligation of each party to effect the Stock Purchase and otherwise consummate the transactions contemplated by this Agreement is subject to the satisfaction, at or prior to the Closing, of each of the following conditions:
 
	 
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(a) No Restraints
 
No temporary restraining order, preliminary or permanent injunction or other order preventing the consummation of the Stock Purchase shall have been issued by any court of competent jurisdiction or any other Governmental Entity having jurisdiction and shall remain in effect, and there shall not be any applicable legal requirement enacted, adopted or deemed applicable to the Stock Purchase that makes consummation of the Stock Purchase illegal.
 
(b) Governmental Approvals
 
All authorizations, consents, orders, declarations or approvals of, or filings with, or terminations or expirations of waiting periods imposed by, any Governmental Entity having jurisdiction which the failure to obtain, make or occur would have a material adverse effect on GAWK or XTELUS shall have been obtained, made or occurred.
 
(c) No Litigation
 
There shall not be pending or threatened any suit, action or proceeding before any court, Governmental Entity or authority (i) pertaining to the transactions contemplated by this Agreement or (ii) seeking to prohibit or limit the ownership or operation by XTELUS, GAWK or any of its subsidiaries, or to dispose of or hold separate any material portion of the business or assets of XTELUS or GAWK.
 
(d) Shareholder Approval
 
NEOGEN shall have adopted and approved this Agreement and the Stock Purchase in accordance with applicable law.
 
V.2 Conditions Precedent to Obligations of GAWK. The obligation of GAWK to effect the Stock Purchase and otherwise consummate the transactions contemplated by this Agreement are subject to the satisfaction, at or prior to the Closing, of each of the following conditions:
 
(a) Representations, Warranties and Covenants
 
The representations and warranties of XTELUS and NEOGEN in this Agreement shall be true and correct in all material respects (except for such representations and warranties that are qualified by their terms by a reference to materiality or material adverse effect, which representations and warranties as so qualified shall be true and correct in all respects) both when made and on and as of the Closing, and (ii) XTELUS and NEOGEN shall each have performed and complied in all material respects with all covenants, obligations and conditions of this Agreement required to be performed and complied with by each of them prior to the Closing.
 
(b) Consents
 
GAWK shall have received evidence, in form and substance reasonably satisfactory to it, that such licenses, permits, consents, approvals, authorizations, qualifications and orders of governmental authorities and other third parties as necessary in connection with the transactions contemplated hereby have been obtained.
 
(c) Officer’s Certificate of XTELUS
 
	 
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GAWK shall have received a certificate executed on behalf of XTELUS by an executive officer of XTELUS confirming that the conditions set forth in Sections 5.01 and 5.02 have been satisfied.
 
(d) No Material Adverse Change
 
There shall not have occurred any change in the business, condition (financial or otherwise), results of operations or assets (including intangible assets) and properties of XTELUS that, individually or in the aggregate, could reasonably be expected to have a material adverse effect on XTELUS.
 
(e) Secretary’s Certificate of XTELUS
 
GAWK shall have received a certificate, dated as of the Closing Date, from the authorized representative of XTELUS, certifying (i) as to the incumbency and signatures of the officers of XTELUS, who shall execute this Agreement and documents at the Closing and (ii) that attached thereto is a true and complete copy of (A) the articles or certificate of incorporation of XTELUS and all amendments thereto, (B) the bylaws of XTELUS and all amendments thereto, and (C) resolutions of the Board of Directors of XTELUS and NEOGEN authorizing the execution, delivery and performance of this Agreement by XTELUS.
 
(f) Due Diligence. GAWK shall be satisfied with its due diligence investigations.
 
(g) Schedules and Agreement. XTELUS and NEOGEN shall have provided GAWK with all schedules and agreements, duly executed, required by this Agreement.
 
V.3 Conditions Precedent to Obligation of XTELUS. The obligation of XTELUS to effect the Stock Purchase and otherwise consummate the transactions contemplated by this Agreement is subject to the satisfaction, at or prior to the Closing, of each of the following conditions:
 
(a) Representations, Warranties and Covenants
 
The representations and warranties of GAWK in this Agreement shall be true and correct in all material respects (except for such representations and warranties that are qualified by their terms by a reference to materiality or material adverse effect, which representations and warranties as so qualified shall be true and correct in all respects) both when made and on and as of the Closing, and (ii) GAWK shall have performed and complied in all material respects with all covenants, obligations and conditions of this Agreement required to be performed and complied with by it prior to the Closing.
 
(b) Consents
 
XTELUS shall have received evidence, in form and substance reasonably satisfactory to it, that such licenses, permits, consents, approvals, authorizations, qualifications and orders of governmental authorities and other third parties as necessary in connection with the transactions contemplated hereby have been obtained.
 
(c) Officer’s Certificate of GAWK
 
XTELUS shall have received a certificate executed on behalf of GAWK by an executive officer of GAWK, confirming that the conditions set forth in Sections 5.01 and 5.03 have been satisfied.
 
	 
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(d) Board Resolutions
 
XTELUS shall have received resolutions duly adopted by GAWK’s Board of Directors approving the execution, delivery and performance of the Agreement and the transactions contemplated by the Agreement.
 
Article VI
TERMINATION, AMENDMENT AND WAIVER
 
VI.1 Termination. This Agreement may be terminated and abandoned at any time prior to the Closing Date:
 
(a) by mutual written consent of GAWK and XTELUS;
 
(b) by either GAWK or XTELUS if any Governmental Entity shall have issued an order, decree or ruling or taken any other action permanently enjoining, restraining or otherwise prohibiting the Stock Purchase and such order, decree, ruling or other action shall have become final and nonappealable;
 
(c) by either GAWK or XTELUS if the Stock Purchase shall not have been consummated on or before July XX, 2016 (other than as a result of the failure of the party seeking to terminate this Agreement to perform its obligations under this Agreement required to be performed at or prior to the Closing);
 
(d) by GAWK, if a material adverse change shall have occurred relative to XTELUS and is not cured within five (5) days after GAWK tenders notice of the breach to XTELUS and NEOGEN)\;
 
(e) by GAWK, if XTELUS willfully fails to perform in any material respect any of its material obligations under this Agreement; or
 
(f) by XTELUS, if GAWK willfully fails to perform in any material respect any of its obligations under this Agreement.
 
VI.2 Effect of Termination. In the event of termination of this Agreement by either XTELUS or GAWK as provided in Section 6.01, this Agreement shall forthwith become void and have no effect, without any liability or obligation on the part of GAWK, NEOGEN or XTELUS. Nothing contained in this Section shall relieve any party for any breach of the representations, warranties, covenants or agreements set forth in this Agreement.
 
VI.3 Amendment. This Agreement may not be amended except by an instrument in writing signed on behalf of each of the parties.
 
VI.4 Extension; Waiver. Any agreement on the part of a party to an extension or waiver of another party’s obligations hereunder shall be valid only if set forth in an instrument in writing signed on behalf of such party. The failure of any party to this Agreement to assert any of its rights under this Agreement or otherwise shall not constitute a waiver of such rights.
 
VI.5 Return of Documents. In the event of termination of this Agreement for any reason, GAWK and XTELUS will return to the other party all of the other party’s documents, work papers, and other materials (including copies) relating to the transactions contemplated in this Agreement, whether obtained before or after execution of this Agreement. GAWK, NEOGEN and XTELUS will not use any information so obtained from the other party for any purpose and will take all reasonable steps to have such other party’s information kept confidential.
 
	 
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Article VII
INDEMNIFICATION AND RELATED MATTERS
 
VII.1 Survival of Representations and Warranties. The representations and warranties in this Agreement or in any instrument delivered pursuant to this Agreement shall survive until twelve (12) months after the Closing.
 
VII.2 Indemnification. Until the earlier date of July 1, 2017, or the date of termination of this Agreement, XTELUS and NEOGEN jointly agree to indemnify and hold GAWK (as well as its officers, directors, members, employees and agents) harmless against and in respect of any and all actions, suits, proceedings, demands, liabilities, judgments, costs and expenses (including, but not limited to, reasonable attorneys’ fees and court costs) (collectively, “Losses”) relating to: (a) all known liabilities and obligations of, or claims against, XTELUS that are specifically not assumed by GAWK hereunder, as defined in Attachment A to this Agreement (the “Excluded Liabilities”); (b) any and all liabilities, obligations or claims arising out of or resulting from XTELUS’s operation of its business or its assets prior to the Closing, specifically as is further limited to such liabilities or claims resulting from actual business activities or actions engaged in by XTELUS prior to the date of Closing and only specifically pertaining to periods of time prior to Closing excluding any and all liabilities, obligations or claims occurring after Closing even if associated with any events which began prior to Closing but continued past the date of Closing, as well as any post-Closing claims related to the infringement or alleged infringement of a third parties’ Intellectual Property Rights or proprietary rights prior to the Closing; (c) XTELUS’s breach of any covenants, warranties or agreements set forth herein; (d) excluding any unpaid merchant liabilities, otherwise disclosed by XTELUS prior to Closing, (i.e., liabilities to merchants who have run deals with XTELUS or sold product or services through XTELUS) that GAWK, in GAWK’s sole discretion, elects to pay on behalf of XTELUS; (e) excluding any refunds or credits that GAWK, in its sole discretion, elects to issue to XTELUS’s pre-Closing subscribers, and (f) any and all actions, suits, proceedings, demands, assessments, judgments, costs and expenses (including, but not limited to, court costs and actual and reasonable attorneys’ fees) incident to any of the foregoing, subject to any limitations as outlined herein. Notwithstanding anything whatsoever to the contrary, the Indemnification and/or any other form of liability, without limitation of any kind, offered by XTELUS and NEOGEN or incurred by XTELUS and NEOGEN under this Agreement shall be limited in any and every way to an absolute maximum of $300,000.00 USD. Furthermore, in the event any Indemnification claim and/or any other form of liability of any kind, results from, or is related to, in any manner whatsoever, the calculation of, application of, fines or penalties related to, amounts owing for, or failure to charge, collect and/or submit in any way, any telecommunications usage-based tax, fee, surcharge, and/or any other amount, duty, levy or charge imposed by any local, state, federal or other Governmental or quasi-Governmental authority, the Indemnification offered by XTELUS and NEOGEN shall by limited in any and every way to an absolute maximum of $100,000.00 USD. In the event of any such Indemnification under this Agreement, the Indemnifying Party, at its sole discretion, can determine the payment method and/or form of payment of any Indemnification payment(s), as long as such payment methods and/or forms or payment are acceptable to the other party.
 
VII.3 Notice of Indemnification
 
Promptly after the receipt by any indemnified party (the “Indemnitee”) of notice of the commencement of any action or proceeding against such Indemnitee, such Indemnitee shall, if a claim with respect thereto is or may be made against any indemnifying party (the “Indemnifying Party”) pursuant to this Article VII, give such Indemnifying Party written notice of the commencement of such action or proceeding and give such Indemnifying Party a copy of such claim and/or process and all legal pleadings in connection therewith. The failure to give such notice shall not relieve any Indemnifying Party of any of its indemnification obligations contained in this Article VII, except where, and solely to the extent that, such failure actually and materially prejudices the rights of such Indemnifying Party. Such Indemnifying Party shall have, upon request within thirty (30) days after receipt of such notice, but not in any event after the settlement or compromise of such claim, the right to defend, at its own expense and by its own counsel reasonably acceptable to the Indemnitee, any such matter involving the asserted liability of the Indemnitee; provided, however, that if the Indemnitee determines that there is a reasonable probability that a claim may materially and adversely affect it, other than solely as a result of money payments required to be reimbursed in full by such Indemnifying Party under this Article VII or if a conflict of interest exists between Indemnitee and the Indemnifying Party, the Indemnitee shall have the right to defend, compromise or settle such claim or suit; and, provided, further, that such settlement or compromise shall not, unless consented to in writing by such Indemnifying Party, which shall not be unreasonably withheld, be conclusive as to the liability of such Indemnifying Party to the Indemnitee. In any event, the Indemnitee, such Indemnifying Party and its counsel shall cooperate in the defense against, or compromise of, any such asserted liability, and in cases where the Indemnifying Party shall have assumed the defense, the Indemnitee shall have the right to participate in the defense of such asserted liability at the Indemnitee’s own expense. In the event that such Indemnifying Party shall decline to participate in or assume the defense of such action, prior to paying or settling any claim against which such Indemnifying Party is, or may be, obligated under this Article VII to indemnify an Indemnitee, the Indemnitee shall first supply such Indemnifying Party with a copy of a final court judgment or decree holding the Indemnitee liable on such claim or, failing such judgment or decree, the terms and conditions of the settlement or compromise of such claim. An Indemnitee’s failure to supply such final court judgment or decree or the terms and conditions of a settlement or compromise to such Indemnifying Party shall not relieve such Indemnifying Party of any of its indemnification obligations contained in this Article VII, except where, and solely to the extent that, such failure actually and materially prejudices the rights of such Indemnifying Party. If the Indemnifying Party is defending the claim as set forth above, the Indemnifying Party shall have the right to settle the claim only with the consent of the Indemnitee.
 
	 
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Article VIII
GENERAL PROVISIONS
 
VIII.1 Notices
 
Any and all notices and other communications hereunder shall be in writing and shall be deemed duly given to the party to whom the same is so delivered, sent or mailed at addresses and contact information set forth below (or at such other address for a party as shall be specified by like notice.) Any and all notices or other communications or deliveries required or permitted to be provided hereunder shall be deemed given and effective on the earliest of: (a) on the date of transmission, if such notice or communication is delivered via facsimile at the facsimile number set forth on the signature pages attached hereto prior to 5:30 p.m. (Pacific Standard Time) on a business day, (b) on the next business day after the date of transmission, if such notice or communication is delivered via facsimile at the facsimile number set forth on the signature pages attached hereto on a day that is not a business day or later than 5:30 p.m. (Pacific Standard Time) on any business day, (c) on the second business day following the date of mailing, if sent by a nationally recognized overnight courier service, or (d) if by personal delivery, upon actual receipt by the party to whom such notice is required to be given.
 
Ifto GAWK:
5300 Melrose Avenue
Suite 42
Los Angeles, CA 90038
 
with a copy to:
 
Arden E. Anderson, Esq. Austin Legal Group, APC
3990 Old Town Ave., Suite A-112
San Diego, CA 92110 USA
 
Ifto XTELUS:
3650 Rogers Road
Suite 343
Wake Forest, NC 27587
 
All Notices to NEOGEN shall be sent “care of” XTELUS.
 
	 
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VIII.2 Definitions. For purposes of this Agreement, and in addition to other terms defined elsewhere in this Agreement, the following terms have the meaning assigned to them below:
 
(a) an “affiliate” of any person means another person that directly or indirectly, through one or more intermediaries, controls, is controlled by, or is under common control with, such first person;
 
(b) “material adverse change” or “material adverse effect” means, when used in connection with XTELUS or GAWK, any change or effect that either individually or in the aggregate with all other such changes or effects is materially adverse to the business, assets, properties, condition (financial or otherwise) or results of operations of such party and its subsidiaries taken as a whole (after giving effect in the case of GAWK to the consummation of the Stock Purchase);
 
(c) “ordinary course of business” means the ordinary course of business consistent with past custom and practice (including with respect to quantity and frequency);
 
(d) “person” means an individual, corporation, partnership, joint venture, association, trust, unincorporated organization or other entity;
 
(e) “shares” or “stock” as used herein shall refer to any type of interest of capital ownership, whether referring to a corporation, limited liability company, partnership, or other entity type;
 
(f) “security interest” means any mortgage, pledge, lien, encumbrance, deed of trust, lease, charge, right of first refusal, easement, servitude, proxy, voting trust or agreement, transfer restriction under any shareholder or similar agreement or any other security interest, other than (i) mechanic’s, materialmen’s, and similar liens, (ii) statutory liens for taxes not yet due and payable, (c) purchase money liens and liens securing rental payments under capital lease arrangements, (iii) pledges or deposits made in the ordinary course of business in connection with workers’ compensation, unemployment insurance or other similar social security legislation; and (iv) encumbrances, security deposits or reserves required by law or by any Governmental Entity; and
 
(g) “subsidiary” of any person means another person, an amount of the voting securities, other voting ownership or voting partnership interests of which is sufficient to elect at least a majority of its board of directors or other governing body (or, if there are no such voting interests, fifty percent (50%) or more of the equity interests of which) that is owned directly or indirectly by such first person.
 
	 
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VIII.3 Interpretation. When a reference is made in this Agreement to a Section, Exhibit or Schedule, such reference shall be to a Section of, or an Exhibit or Schedule to, this Agreement unless otherwise indicated. The headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement. Whenever the words “include,” “includes” or “including” are used in this Agreement, they shall be deemed to be followed by the words “without limitation.”
 
VIII.4 Entire Agreement; No Third-Party Beneficiaries. This Agreement and the other agreements referred to herein constitute the entire agreement, and supersede all prior agreements and understandings, both written and oral, among the parties with respect to the subject matter of this Agreement. This Agreement is not intended to confer upon any person other than the parties any rights or remedies.
 
VIII.5 Governing Law. This Agreement shall be governed by, and construed in accordance with, the laws of the State of Nevada, regardless of the laws that might otherwise govern under applicable principles of conflicts of laws thereof.
 
VIII.6 Assignment. Neither this Agreement nor any of the rights, interests or obligations under this Agreement shall be assigned, in whole or in part, by operation of law or otherwise by any of the parties without the prior written consent of the other parties. Any assignment in contradiction of the above shall be null and void. Subject to the preceding sentence, this Agreement will be binding upon, inure to the benefit of, and be enforceable by, the parties and their respective successors and assigns.
 
VIII.7 Severability. Whenever possible, each provision or portion of any provision of this Agreement will be interpreted in such manner as to be effective and valid under applicable law but if any provision or portion of any provision of this Agreement is held to be invalid, illegal or unenforceable in any respect under any applicable law or rule in any jurisdiction, such invalidity, illegality or unenforceability will not affect any other provision or portion of any provision in such jurisdiction, and this Agreement will be reformed, construed and enforced in such jurisdiction as if such invalid, illegal or unenforceable provision or portion of any provision had never been contained herein.
 
VIII.8 Counterparts. This Agreement may be executed simultaneously in two or more counterparts, any one of which need not contain the signatures of more than one party, but all such counterparts taken together will constitute one and the same Agreement. This Agreement, to the extent delivered by means of a facsimile machine or electronic mail (any such delivery, an “Electronic Delivery”), shall be treated in all manner and respects as an original agreement or instrument and shall be considered to have the same binding legal effect as if it were the original signed version thereof delivered in person. At the request of any party hereto, each other party hereto shall re-execute original forms hereof and deliver them in person to all other parties. No party hereto shall raise the use of Electronic Delivery to deliver a signature or the fact that any signature or agreement or instrument was transmitted or communicated through the use of Electronic Delivery as a defense to the formation of a contract, and each such party forever waives any such defense, except to the extent such defense related to lack of authenticity.
 
VIII.9 Attorneys’ Fees. In the event any suit or other legal proceeding is brought for the enforcement of any of the provisions of this Agreement, the parties hereto agree that the prevailing party or parties shall be entitled to recover from the other party or parties upon final judgment on the merits reasonable attorneys’ fees, including attorneys’ fees for any appeal, and costs incurred in bringing such suit or proceeding.
 
[Signature Page Follows]
  
	 
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IN WITNESS WHEREOF, the undersigned have caused their duly authorized officers to execute this Agreement as of the date first above written.
 
 
		GAWK:
	 

		  
	 
	 

		Gawk Incorporated
	 

		  
	 
	 

		By: 
	/s/ Scott Kettle
	 

			Scott Kettle, CEO
	 

		  
	 
	 

		XTELUS LLC:
	 

		  
	 
	 

		By: 
	/s/ Eric Engbers
	 

		Name:
	Eric Engbers
	 

		Title: 
	as Member of NEOGEN HOLDINGS LLC, sole
Member of XTELUS LLC
	 

		  
	  
	 

		XTELUS S.A.:
	 

		 
	 
	 

		By: 
	/s/ Eric Engbers
	 

		Name: 
	Eric Engbers
	 

		Title: 
	Director, Attorney in Fact
	
		 		 

		NEOGEN HOLDINGS LLC:
	 

		  
	 
	 

	   
	Printed:	 

	 
	   
	 

		By: 
	/s/ Eric Engbers
	
		Name: 
	Eric Engbers
	 

		Title: 
	SOLE MEMBER OF NEOGEN HOLDINGS LLC
	

  
	 
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ATTACHMENT A – EXCLUDED LIABILITIES
 
 
 
 
 
 
 
 
	19 of 19Exhibit

Execution Version

FOURTH AMENDMENT, 
CONSENT AND WAIVER TO CREDIT AGREEMENT
This FOURTH AMENDMENT, CONSENT AND WAIVER TO CREDIT AGREEMENT (this “Fourth Amendment”), dated as of September 21, 2016, is by and among Archrock Services, L.P., a limited partnership formed under the laws of the state of Delaware (the “Borrower”), Archrock, Inc., a corporation formed under the laws of the state of Delaware (“Parent”), the Guarantors party hereto, the Lenders listed on the signature pages attached hereto and Wells Fargo Bank, National Association, as administrative agent for the Lenders (in such capacity, the “Administrative Agent”).
R E C I T A L S
A.    The Borrower, Parent, the Administrative Agent and the financial institutions from time to time party thereto (each, a “Lender” and collectively, the “Lenders”) are parties to that certain Credit Agreement, dated as of July 10, 2015 (as amended, restated, supplemented or otherwise modified prior to the date hereof, the “Credit Agreement”);  
B.    The Guarantors are parties to that certain Guaranty and Collateral Agreement, dated as of November 3, 2015 (as amended, restated, supplemented or otherwise modified from time to time, the “Guaranty and Collateral Agreement”);
C.    The Borrower and Parent have informed the Lenders that Parent’s management and the Audit Committee of Parent’s Board of Directors (the “Audit Committee”) are in the process of reviewing certain matters more particularly described on (i) the Form 8-K filed by Parent with the SEC on April 26, 2016 and (ii) the Form 8-K filed by Exterran Corporation with the SEC on April 26, 2016 (the “Disclosed Matters”) to determine the possible impact on the Parent’s financial statements prior to the Separation Transaction (such review by Parent’s management and the Audit Committee being referred to as the “Disclosed Matters Review”);
D.    Section 8.01(a)(ii) of the Credit Agreement requires that Parent deliver to the Administrative Agent a copy of the quarterly report filed by Parent with the SEC pursuant to Section 13 or 15(d) of the Exchange Act for the Fiscal Quarters ended March 31, 2016 (the “Q1 2016 Quarterly Report”) and June 30, 2016 (the “Q2 2016 Quarterly Report”), in each case, within 30 days after the same is required to be filed with the SEC (but in any event within 60 days after the end of such Fiscal Quarter);
E.    As a result of the Disclosed Matters Review, Parent was not able to file the Q1 2016 Quarterly Report or the Q2 2016 Quarterly Report by the time required by SEC rules;
F.    The Borrower and Parent had previously requested that the Lenders consent to an extension of the periods set forth in Sections 8.01(a) and 8.01(b) of the Credit Agreement for delivery of (i) the Q1 2016 Quarterly Report and the related Compliance Certificate (the “Original Q1 2016 Quarterly Report Extension”) and (ii) the Q2 2016 Quarterly Report and the related Compliance Certificate (the “Original Q2 2016 Quarterly Report Extension”), in each case to the earlier of (x) 

within ten Business Days following the date Parent files its quarterly report with the SEC for the Fiscal Quarter ended March 31, 2016 or the Fiscal Quarter ended June 30, 2016, respectively, and (y) September 30, 2016;
G.    Section 8.01(a)(ii) of the Credit Agreement requires that Parent deliver to the Administrative Agent a copy of the quarterly report filed by Parent with the SEC pursuant to Section 13 or 15(d) of the Exchange Act for the Fiscal Quarter ended September 30, 2016 (the “Q3 2016 Quarterly Report”) within 30 days after the same is required to be filed with the SEC (but in any event within 60 days after the end of such Fiscal Quarter);
H.    The Borrower and Parent have informed the Lenders that, as a result of the Disclosed Matters Review, Parent may not be able to file the Q3 2016 Quarterly Report by the time required by SEC rules;
I.    The Borrower and Parent have requested that the Lenders consent to a one-time extension (the “Q3 2016 Quarterly Report Extension”) of the periods set forth in Sections 8.01(a) and 8.01(b) of the Credit Agreement for delivery of the Q3 2016 Quarterly Report and the related Compliance Certificate to the earlier of (i) within ten Business Days following the date Parent files its quarterly report with the SEC for the Fiscal Quarter ended September 30, 2016 and (ii) December 31, 2016;
J.    The Borrower and Parent have informed the Lenders that there is a possibility that, upon completion of the Disclosed Matters Review, the Audit Committee could conclude that the previously issued audited consolidated financial statements and other financial information contained in Parent’s Annual Report on Form 10-K for the Fiscal Year ended December 31, 2015 (the “2015 Audited Report”) should no longer be relied upon.  In the event that such conclusion (the “Non-Reliance Conclusion”) is made by the Audit Committee, (i) Parent’s earnings releases and other financial communications for the Fiscal Year ended December 31, 2015 (collectively with the 2015 Audited Report, the “Prior 2015 Financial Information”) may no longer be able to be relied upon and (ii) there is a possibility that certain financial information related to the prior fiscal periods of Parent would no longer be able to be relied upon (collectively with the Prior 2015 Financial Information, the “Prior Financial Information”);
K.    In the event that the Non-Reliance Conclusion is made by the Audit Committee, management of Parent could restate or modify the 2015 Audited Report and, if applicable, the other Prior Financial Information (collectively, the “Replacement Financial Information”);
L.    Pursuant to Section 8.01(b) of the Credit Agreement, Parent timely delivered a Compliance Certificate to the Administrative Agent with respect to the Parent’s compliance with Sections 9.10(a) and 9.10(b) of the Credit Agreement as of December 31, 2015 (the “Q4 2015 Compliance Certificate”);
M.    In the event that the Non-Reliance Conclusion is made by the Audit Committee, a Default or Event of Default may exist or arise under Section 10.01(c) of the Credit Agreement in respect of Section 8.01(b) of the Credit Agreement due to the fact that the information contained 

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in the Q4 2015 Compliance Certificate was based on the Prior 2015 Financial Information (the “Compliance Certificate Potential Default”);
N.    Pursuant to Section 8.02(a) of the Credit Agreement, Parent is required to keep its books of record and account and the books of record and account of its Consolidated Subsidiaries in accordance with GAAP;
O.    In the event that the Non-Reliance Conclusion is made by the Audit Committee, a Default or Event of Default may exist or arise under Section 10.01(d)(iii) of the Credit Agreement as a result of the potential failure by Parent to keep books of record and account in accordance with GAAP as required by Section 8.02(a) of the Credit Agreement in connection with the Prior Financial Information (the “Books of Record Potential Default”); 
P.    The Borrower and Parent have made, or have been deemed to make, from time to time the representations and warranties set forth in Section 7.11 with respect to the accuracy of all or a portion of the Prior Financial Information as and when required by the Loan Documents (collectively, the “Specified Representation”), including pursuant to Section 6.03 in connection with the making of Loans by the Lenders on the occasion of any Borrowing and the issuance, amendment, renewal or extension of any Letter of Credit by any Issuing Bank (any date on which the Specified Representation is made or deemed made, a “Representation Date”);
Q.    In the event that the Non-Reliance Conclusion is made by the Audit Committee, a Default or Event of Default may exist or arise under Section 10.01(c) of the Credit Agreement as a result of the potential for the Specified Representation to have been false or misleading in any material respect when made or deemed made on one or more Representation Dates (the “Representation Potential Defaults”, and together with the Compliance Certificate Potential Default and the Books of Record Potential Default, the “Specified Potential Defaults”);
R.    In the event that the Non-Reliance Conclusion is made by the Audit Committee, additional related Defaults or Events of Default may exist or arise (i) under Section 10.01(c) of the Credit Agreement in the event that any representation or warranty made or deemed made as to the absence of a Default or Event of Default under the Loan Documents was false or misleading in any material respect on any Representation Date, in any such case solely as a result of the existence of the Specified Potential Defaults on such Representation Date; (ii) under Section 10.01(d)(i) of the Credit Agreement due to the failure to notify the Administrative Agent of any Specified Potential Default promptly after a Responsible Officer of Parent or the Borrower obtains actual knowledge thereof, as required by Section 8.01(e) of the Credit Agreement; and (iii) under Section 10.01(d) of the Credit Agreement due to the taking of any action conditioned upon the absence of a Default or Event of Default solely due to the presence of a Specified Potential Default at such time (collectively, the “Related Potential Defaults”);
S.    Pursuant to that certain Third Amendment, Consent and Waiver to Credit Agreement, dated as of July 21, 2016 (the “Third Amendment”), among the Borrower, Parent, the Administrative Agent and the Lenders party thereto, the Lenders agreed to (i) waive any and all Specified Potential Defaults and Related Potential Defaults until September 30, 2016 (the “Waiver Termination Date”) unless on or prior to such date, Parent shall have delivered to the Administrative Agent the financial 

3

information required to be delivered pursuant to Section 3 of the Third Amendment and (ii) consent to the Original Q1 2016 Quarterly Report Extension and the Original Q2 2016 Quarterly Report Extension; and
T.    The Borrower and Parent have requested that the Lenders consent to (i) an extension of the Waiver Termination Date until December 31, 2016, (ii) an extension of the Original Q1 2016 Quarterly Report Extension until the earlier of (x) within ten Business Days following the date Parent files its quarterly report with the SEC for the Fiscal Quarter ended March 31, 2016 and (y) December 31, 2016 (the “Amended Q1 2016 Quarterly Report Extension”), (iii) an extension of the Original Q2 2016 Quarterly Report Extension until the earlier of (x) within ten Business Days following the date Parent files its quarterly report with the SEC for the Fiscal Quarter ended June 30, 2016 and (y) December 31, 2016 (the “Amended Q2 2016 Quarterly Report Extension”) and (iv) the Q3 2016 Quarterly Report Extension. 
NOW, THEREFORE, in consideration of the premises and the mutual covenants herein contained, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:
Section 1.Defined Terms.  Each capitalized term used herein but not otherwise defined herein has the meaning given to such term in the Credit Agreement.  Unless otherwise indicated, all references to Sections, Articles, Annexes and Schedules in this Fourth Amendment refer to Sections, Articles, Annexes and Schedules of the Credit Agreement.
Section 2.    Amendments to Credit Agreement.
2.1    Additional Definitions.  Section 1.01 of the Credit Agreement is hereby amended to add thereto in alphabetical order the following definitions which shall read in full as follows:
“Fourth Amendment” means that certain Fourth Amendment, Consent and Waiver to Credit Agreement dated as of September 21, 2016, by and among the Borrower, Parent, the Lenders party thereto and the Administrative Agent.
“Fourth Amendment Effective Date” means September 21, 2016.
2.2    Amendment and Restatement of Definition.  Section 1.01 of the Credit Agreement is hereby amended by amending and restating the following definitions in their entireties to read in full as follows:
“Loan Documents” means this Agreement, the First Amendment, the Second Amendment, the Third Amendment, the Fourth Amendment, the Notes, the Letter of Credit Agreements, the Commitment Increase Certificates, the Additional Lender Certificates, the Letters of Credit, the Fee Letters, the Security Instruments, and each consent, waiver, subordination agreement, intercreditor agreement, Compliance Certificate, Borrowing Request, Letter of Credit Request or Interest Election Request executed by the Borrower pursuant to this Agreement.

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“Required Financial Information” means, collectively, (a) the Q1 2016 Quarterly Report (as defined in the Fourth Amendment) and the related Compliance Certificate, (b) the Q2 2016 Quarterly Report (as defined in the Fourth Amendment) and the related Compliance Certificate, and (c) the Q3 2016 Quarterly Report (as defined in the Fourth Amendment) and the related Compliance Certificate.
2.3    Amendment to Definition of “Applicable Margin”.
(a)    Section 1.01 of the Credit Agreement is amended hereby by amending and restating the second sentence of the last paragraph of the definition “Applicable Margin” to read in full as follows:
“Each change in the Applicable Margin resulting from a change in the Total Leverage Ratio (which shall be calculated quarterly) shall take effect as of the fifth Business Day following the receipt of the Compliance Certificate delivered pursuant to Section 8.01(b); provided that (x) the Total Leverage Ratio shall be deemed to be Level V if the Borrower fails to deliver the annual or quarterly consolidated financial statements required to be delivered by it pursuant to Sections 8.01(a) and 8.01(b), respectively, during the period from the expiration of the time for delivery thereof until such consolidated financial statements are delivered (except that clause (x) of this proviso shall not apply and shall have no force and effect during the period beginning on the Second Amendment Effective Date and ending on the date that is the earlier of (1) the date the Required Financial Information is delivered to the Administrative Agent in accordance with Section 4 of the Fourth Amendment and (2) December 31, 2016); (y) the Total Leverage Ratio in effect on the Second Amendment Effective Date shall be deemed to be Level I, subject to any retroactive corrections set forth in the second proviso in this sentence; and (z) for the period beginning on the fifth Business Day following the receipt of the information required to be delivered pursuant to Section 5(a) of the Fourth Amendment to the earlier of (1) the date the Required Financial Information is delivered to the Administrative Agent in accordance with Section 4 of the Fourth Amendment and (2) December 31, 2016, the Total Leverage Ratio shall be based on the financial calculations delivered pursuant to Section 5(a) of the Fourth Amendment, subject to any retroactive corrections set forth in the following proviso; provided further that in the event that the Required Financial Information or any Compliance Certificate delivered pursuant to Section 3(b) of the Fourth Amendment shows a Total Leverage Ratio that would have led to the application of an Applicable Margin higher than the Applicable Margin actually applied for such period, then Parent and the Borrower shall promptly pay to the Administrative Agent (for the account of the Lenders) the accrued additional interest resulting from such increased Applicable Margin for the period beginning on the Second Amendment Effective Date and ending on the date when the Applicable Margin is reset pursuant to its terms.”

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2.4    Amendment to Second Amendment.  Each reference in the Second Amendment to “Section 8.08” is hereby replaced with a reference to “Section 8.09”.

Section 3.    Waiver of Specified Potential Defaults and Related Potential Defaults.  Subject to the occurrence of the Fourth Amendment Effective Date (as defined in Section 6 below), the Majority Lenders hereby waive, solely in respect of the Disclosed Matters, (x) any and all Specified Potential Defaults and Related Potential Defaults to the extent now existing or hereafter arising and (y) any requirement that Parent or the Borrower make any representations and warranties after the date hereof as to any Prior Financial Information; provided that the waiver and agreements set forth in this Section 3 shall terminate on December 31, 2016 unless on or prior to such date, Parent shall have delivered to the Administrative Agent the following:
(a)    the Replacement Financial Information in respect of the 2015 Audited Report; provided that delivery of such Replacement Financial Information shall be deemed to be made by Parent if Parent shall have made available a restated or modified copy of the 2015 Audited Report on “EDGAR” (or any successor thereto) and/or on its home page on the worldwide web by such date; and
(b)    a replacement Compliance Certificate delivered for the Fiscal Year ended December 31, 2015 that demonstrates that Parent was in compliance with each of the covenants set forth in Sections 9.10(a) and 9.10(b) of the Credit Agreement as of such date and certifies that as of such date there were no Defaults that had occurred and were continuing (other than the Specified Potential Defaults and Related Potential Defaults).
It is understood and agreed that, in the event that the Non-Reliance Conclusion is not made by the Audit Committee, Parent shall not be required to deliver the items described in clauses (a) and (b) of this Section 3.

Section 4.    Consent.
4.1    Subject to the occurrence of the Fourth Amendment Effective Date (as defined in Section 6 below), the Majority Lenders hereby consent to the Amended Q1 2016 Quarterly Report Extension, the Amended Q2 2016 Quarterly Report Extension and the Q3 2016 Quarterly Report Extension for delivery of the Q1 2016 Quarterly Report, the Q2 2016 Quarterly Report and the Q3 2016 Quarterly Report, respectively, and the respective related Compliance Certificates, and no Default or Event of Default shall arise under the Loan Documents with respect to such delayed delivery so long as (i) the Q1 2016 Quarterly Report and the related Compliance Certificate are delivered on or prior to the earlier of (A) ten Business Days following the date Parent files its quarterly report with the SEC for the Fiscal Quarter ended March 31, 2016 and (B) December 31, 2016; (ii) the Q2 2016 Quarterly Report and the related Compliance Certificate are delivered on or prior to the earlier of (A) ten Business Days following the date Parent files its quarterly report with the SEC for the Fiscal Quarter ended June 30, 2016 and (B) December 31, 2016; and (iii) the Q3 2016 Quarterly Report and the related Compliance Certificate are delivered on or prior to the earlier of (A) ten Business Days following the date Parent files its quarterly report with the SEC for the Fiscal Quarter ended September 30, 2016 and (B) December 31, 2016, in each case in conformity with 

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the terms of Section 8.01 of the Credit Agreement.  The failure to deliver the Q1 2016 Quarterly Report, the Q2 2016 Quarterly Report, the Q3 Quarterly Report and the respective related Compliance Certificates in conformity with the terms of Section 8.01 of the Credit Agreement as required by this Section 4.1 shall constitute an immediate Event of Default under the Credit Agreement.  
4.2    The consents set forth in this Section 4 are limited to the extent described herein and shall not be construed to be a consent to the modification of any other terms of the Credit Agreement or of the other Loan Documents, except as required to implement the consent set forth in this Section 4.
Section 5.    Covenants Regarding Financial Statements, etc.  From and after the Fourth Amendment Effective Date (as defined in Section 6 below), each of Parent and the Borrower covenants and agrees that: 
(a)    If Parent shall have not yet delivered the Q1 2016 Quarterly Report, the Q2 2016 Quarterly Report, the Q3 Quarterly Report and the respective related Compliance Certificates, Parent shall deliver, or shall cause to be delivered, to the Administrative Agent, as soon as available, but in any event not later than November 30, 2016: 
(1)     (i) the unaudited consolidated balance sheet of Parent and its Consolidated Subsidiaries as of September 30, 2016, setting forth in comparative form the figures as of the end of the previous year, and (ii) the related unaudited consolidated statements of operations for the Fiscal Quarter ended September 30, 2016 and of cash flows for the nine months ended September 30, 2016, setting forth in each case in comparative form the figures for the corresponding period in the previous year, in each case under this clause (1) in accordance with GAAP, subject to normal year-end audit adjustments, the absence of footnotes and any adjustments required to be made as a result of the Disclosed Matters, and 
(2)    calculations of the financial covenants set forth in Section 9.10;
in each case certified by a Responsible Officer as being prepared in good faith based on the financial information available to Parent at such time, but subject in all respects to any adjustments required to be made as a result of the Disclosed Matters. 
(b)    The parties hereto hereby agree that, notwithstanding anything to the contrary contained in any Loan Document, neither Parent nor the Borrower nor any other Loan Party shall make any representation and warranty (including the representation and warranty contained in Section 7.11 of the Credit Agreement) with respect to any of the financial information described in this Section 5, except to the extent expressly set forth in any written certification required to be delivered to the Administrative Agent pursuant to this Section 5.

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Section 6.    Conditions Precedent.  This Fourth Amendment shall not become effective until the date on which each of the following conditions is satisfied (or waived in accordance with Section 12.02 of the Credit Agreement) (the “Fourth Amendment Effective Date”):
6.1    The Administrative Agent shall have received from the Majority Lenders, the Borrower, and each Guarantor counterparts (in such number as may be requested by the Administrative Agent) of this Fourth Amendment signed on behalf of such Persons.
6.2    The Borrower shall have paid to the Administrative Agent all fees and other amounts due and payable on or prior to the Fourth Amendment Effective Date, including, to the extent invoiced, reimbursement or payment of all reasonable and documented out-of-pocket costs and expenses required to be reimbursed or paid by the Borrower under the Credit Agreement.
6.3    No Default or Event of Default shall have occurred and be continuing as of the date hereof after giving effect to the terms of this Fourth Amendment. 
6.4    The Administrative Agent shall have received such other documents as the Administrative Agent (or its counsel) may reasonably request relating to the transactions contemplated by the Fourth Amendment.
Section 7.    Miscellaneous.
7.1    Confirmation.  The provisions of the Credit Agreement, except as specifically waived or consented to above, or as amended by this Fourth Amendment, shall remain in full force and effect following the effectiveness of this Fourth Amendment.  The amendments contemplated hereby shall not limit or impair any Liens granted by the Borrower or any other Loan Party to secure the Secured Obligations, each of which are hereby ratified, affirmed and extended to secure the Secured Obligations as they may be extended pursuant hereto.
7.2    Representations and Warranties.  
(a)    Ratification and Affirmation. The Borrower hereby: (i) acknowledges the terms of this Fourth Amendment; (ii) ratifies and affirms its obligations under, and acknowledges, renews and extends its continued liability under, each Loan Document to which it is a party and agrees that each Loan Document to which it is a party remains in full force and effect, except as expressly amended hereby, after giving effect to the amendments contained herein; (iii) agrees that, from and after the Fourth Amendment Effective Date, each reference to the Credit Agreement in the Security Instruments and the other Loan Documents shall be deemed to be a reference to the Credit Agreement, as amended by this Fourth Amendment; and (iv) represents and warrants to the Lenders that as of the date hereof, after giving effect to the terms of this Fourth Amendment, including the waivers and consents contained herein: (A) all of the representations and warranties made by the Borrower contained in each Loan Document to which it is a party are true and correct in all material respects (except that such materiality qualifier shall not be applicable to any representation or warranty that is already qualified or modified by materiality in the text thereof) on and as of the date hereof, except to the extent such representations and warranties are expressly 

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limited to an earlier date, in which case, such representations and warranties are true and correct in all material respects as of such specified earlier date; provided that no representations and warranties are made herein as to any Prior Financial Information; and (B) other than any Default or Event of Default that may exist with respect to the Specified Potential Defaults and Related Potential Defaults, no Default or Event of Default has occurred and is continuing.  
(b)    Corporate Authority; Enforceability; No Conflicts.  The Borrower hereby represents and warrants to the Lenders that (i) it has all necessary power and authority to execute, deliver and perform its obligations under this Fourth Amendment; (ii) the execution, delivery and performance by the Borrower of this Fourth Amendment has been duly authorized by all necessary action on its part; (iii) this Fourth Amendment has been duly executed and delivered by the Borrower and constitutes the legal, valid and binding obligation of the Borrower in accordance with its terms, except to the extent that the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws generally affecting creditor’s rights and by equitable principles (regardless of whether enforcement is sought in equity or at law); (iv) the execution and delivery of this Fourth Amendment by the Borrower and the performance of its obligations hereunder require no authorizations, approvals or consents of, or registrations or filings with, any Governmental Authority, except for those that have been obtained or made and are in effect; and (v) neither the execution and delivery of this Fourth Amendment nor the transactions contemplated hereby will (A) contravene, or result in a breach of, the Organization Documents of the Borrower, (B) violate any Governmental Requirement applicable to or binding upon the Borrower or any of its Properties, except to the extent that any such violation, individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect, or (C) violate or result in a default under any agreement or instrument to which the Borrower is a party (other than any agreement or instrument the contravention of which or breach of which could not reasonably be expected to be materially adverse to any Secured Party) or by which it is bound or to which its Properties are subject, except to the extent that any such violation or default, individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect.
(c)    Compliance with Financial Covenants.  The Borrower hereby represents and warrants to Administrative Agent, the Issuing Banks and the Lenders that, notwithstanding the occurrence of the Disclosed Matters and any restatement of or adjustments to the Prior Financial Information, to the best knowledge of any Financial Officer of the Borrower as of the date this representation and warranty is made, Parent is in compliance with the financial covenants contained in Section 9.10 (i) as of the last day of the Testing Period ended December 31, 2015 and (ii) as of the last day of each Testing Period ended thereafter, but prior to the date this representation and warranty is made.
7.3    No Waiver.    Neither the execution by the Administrative Agent or the Lenders of this Fourth Amendment, nor any other act or omission by the Administrative Agent or the Lenders or their officers in connection herewith, shall be deemed a waiver by the Administrative Agent or the Lenders of any Default or Event of Default which may exist, which may have occurred prior 

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to the date of the effectiveness of this Fourth Amendment or which may occur in the future under the Credit Agreement and/or the other Loan Documents, except to the extent expressly set forth in this Fourth Amendment.  Similarly, nothing contained in this Fourth Amendment shall directly or indirectly in any way whatsoever: (a) except for the waivers set forth herein, impair, prejudice or otherwise adversely affect the Administrative Agent’s or any Lender’s right at any time to exercise any right, privilege or remedy in connection with the Loan Documents with respect to any Default or Event of Default; (b) except as expressly provided herein, amend or alter any provision of the Credit Agreement, the other Loan Documents, or any other contract or instrument; or (c) constitute any course of dealing or other basis for altering any obligation of the Borrower or any right, privilege or remedy of the Administrative Agent or the Lenders under the Credit Agreement, the other Loan Documents or any other contract or instrument.
7.4    Loan Document.  This Fourth Amendment is a “Loan Document” as defined and described in the Credit Agreement and all of the terms and provisions of the Credit Agreement relating to Loan Documents shall apply hereto.
7.5    Parties in Interest.  All of the terms and provisions of this Fourth Amendment shall bind and inure to the benefit of the parties hereto and their respective successors and assigns.
7.6    Counterparts.  This Fourth Amendment may be executed by one or more of the parties hereto in any number of separate counterparts, and all of such counterparts taken together shall be deemed to constitute one and the same instrument.  Delivery of this Fourth Amendment by facsimile transmission or electronic transmission (e.g., PDF) shall be effective as delivery of a manually executed counterpart hereof.
7.7    NO ORAL AGREEMENT.  THIS FOURTH AMENDMENT, THE CREDIT AGREEMENT AND THE OTHER LOAN DOCUMENTS EXECUTED IN CONNECTION HEREWITH AND THEREWITH REPRESENT THE FINAL AGREEMENT AMONG THE PARTIES RELATING TO THE SUBJECT MATTER HEREOF AND THEREOF AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR UNWRITTEN ORAL AGREEMENTS OF THE PARTIES.  THERE ARE NO ORAL AGREEMENTS BETWEEN THE PARTIES.
7.8    GOVERNING LAW.  THIS FOURTH AMENDMENT (INCLUDING, BUT NOT LIMITED TO, THE VALIDITY AND ENFORCEABILITY HEREOF) SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF TEXAS.
7.9    RELEASE.  FOR GOOD AND VALUABLE CONSIDERATION, THE RECEIPT AND SUFFICIENCY OF WHICH ARE HEREBY ACKNOWLEDGED, EACH LOAN PARTY, FOR ITSELF AND ITS SUCCESSORS AND ASSIGNS, FULLY AND WITHOUT RESERVE, HEREBY WAIVES, RELEASES, ACQUITS, AND FOREVER DISCHARGES THE ADMINISTRATIVE AGENT, EACH ISSUING BANK AND EACH LENDER, THEIR RESPECTIVE SUCCESSORS AND ASSIGNS, OFFICERS, DIRECTORS, EMPLOYEES, REPRESENTATIVES, AGENTS, ADVISORS AND AFFILIATES (COLLECTIVELY THE “RELEASED PARTIES” AND INDIVIDUALLY A “RELEASED PARTY”) FROM ANY AND ALL ACTIONS, CLAIMS, CAUSES OF ACTION, JUDGMENTS, SUITS OR LIABILITIES OF 

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ANY KIND AND NATURE WHATSOEVER, DIRECT AND/OR INDIRECT, AT LAW OR IN EQUITY, WHETHER NOW EXISTING OR HEREAFTER ASSERTED, WHETHER ABSOLUTE OR CONTINGENT, WHETHER DUE OR TO BECOME DUE, WHETHER DISPUTED OR UNDISPUTED, IN EACH CASE THAT ARE KNOWN TO SUCH LOAN PARTY AS OF THE DATE HEREOF (INCLUDING, WITHOUT LIMITATION, ANY CROSS-CLAIMS, OFFSETS, REDUCTIONS, REBATEMENT, CLAIMS OF USURY OR CLAIMS WITH RESPECT TO THE NEGLIGENCE OF ANY RELEASED PARTY IN EACH CASE THAT ARE KNOWN TO SUCH LOAN PARTY AS OF THE DATE HEREOF) (COLLECTIVELY, THE “RELEASED CLAIMS”), FOR OR BECAUSE OF ANY MATTERS OR THINGS OCCURRING, EXISTING OR ACTIONS DONE, OMITTED TO BE DONE, OR SUFFERED TO BE DONE BY ANY OF THE RELEASED PARTIES, IN EACH CASE, ON OR PRIOR TO THE DATE HEREOF  BUT ONLY TO THE EXTENT DIRECTLY OR INDIRECTLY ARISING OUT OF OR IN ANY WAY CONNECTED TO ANY OF THIS FOURTH AMENDMENT, THE CREDIT AGREEMENT OR ANY OTHER LOAN DOCUMENT OR ANY OF THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (COLLECTIVELY, THE “RELEASED MATTERS”). THE PROVISIONS OF THIS SECTION 7.9 SHALL SURVIVE THE TERMINATION OF THIS FOURTH AMENDMENT, THE CREDIT AGREEMENT AND THE OTHER LOAN DOCUMENTS AND PAYMENT IN FULL OF THE SECURED OBLIGATIONS.
[Signature Pages Follow]

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IN WITNESS WHEREOF, the parties hereto have caused this Fourth Amendment to be duly executed as of the date first written above.

ARCHROCK SERVICES, L.P., a 
        Delaware limited partnership, as the Borrower  
 
 
        By:       /s/ David S. Miller    
Name:  David S. Miller
		
	Title: 
	Senior Vice President and Chief Financial Officer

ARCHROCK, INC., a Delaware corporation,
as Parent 
 
 
        By:       /s/ David S. Miller    
Name:  David S. Miller
		
	Title: 
	Senior Vice President and Chief Financial Officer

Signature Page to Fourth Amendment – Archrock Services, L.P.

WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent
and as a Lender

By:        /s/ Timothy P. Gebauer    
Name:  Timothy P. Gebauer
Title:    Director

Signature Page to Fourth Amendment – Archrock Services, L.P.

CRÉDIT AGRICOLE CORPORATE AND  
INVESTMENT BANK, as a Lender and Issuing Bank 
 
 
By:    /s/ Michael Willis     
Name:    Michael Willis 
Title:    Managing Director

By:    /s/ David Gurghigian     
Name:    David Gurghigian 
Title:    Managing Director

Signature Page to Fourth Amendment – Archrock Services, L.P.

BANK OF AMERICA, N.A., as a Lender and Issuing Bank 
 
 
By:     /s/ Tyler Ellis      
Name:     Tyler Ellis 
Title:     Senior Vice President

Signature Page to Fourth Amendment – Archrock Services, L.P.

JPMORGAN CHASE BANK, N.A., as a Lender and Issuing Bank 
 
 
By:    /s/ Thomas Okamoto     
Name:     Thomas Okamoto 
Title:     Authorized Officer

Signature Page to Fourth Amendment – Archrock Services, L.P.

ROYAL BANK OF CANADA, as a Lender and Issuing Bank 
 
 
By:    /s/ Evans Swann, Jr.     
Name:     Evans Swann, Jr. 
Title:     Authorized Signatory

Signature Page to Fourth Amendment – Archrock Services, L.P.

THE BANK OF NOVA SCOTIA, as a Lender  
 
 
By:     /s/ Alfredo Brahim     
Name:     Alfredo Brahim 
Title:     Director

Signature Page to Fourth Amendment – Archrock Services, L.P.

COMPASS BANK, as a Lender  
 
 
By:     /s/ Michael Song     
Name:     Michael Song 
Title:     Senior Vice President

Signature Page to Fourth Amendment – Archrock Services, L.P.

CAPITAL ONE, NATIONAL ASSOCIATION, as a Lender  
 
 
By:     /s/ Matthew Brice     
Name:     Matthew Brice 
Title:     Vice President

Signature Page to Fourth Amendment – Archrock Services, L.P.

SUMITOMO MITSUI BANKING CORPORATION, as a Lender 
 
 
By:     /s/ James D. Weinstein     
Name:     James D. Weinstein 
Title:     Managing Director

Signature Page to Fourth Amendment – Archrock Services, L.P.

TORONTO DOMINION (NEW YORK) LLC, as
a Lender 
 
 
By:     /s/ Annie Dorval     
Name:     Annie Dorval 
Title:     Authorized Signatory

Signature Page to Fourth Amendment – Archrock Services, L.P.

GOLDMAN SACHS BANK USA, as a Lender 
 
 
By:     /s/ Brian Crimmel     
Name:     Brian Crimmel 
Title:     Authorized Signatory

Signature Page to Fourth Amendment – Archrock Services, L.P.

MUFG UNION BANK, N.A., as a Lender 
 
 
By:     /s/ Stephen W. Warfel     
Name:     Stephen W. Warfel 
Title:     Managing Director

Signature Page to Fourth Amendment – Archrock Services, L.P.

PNC BANK, NATIONAL ASSOCIATION, as a Lender 
 
 
By:     /s/ Jessica McGuire     
Name:     Jessica McGuire 
Title:     Assistant Vice President

Signature Page to Fourth Amendment – Archrock Services, L.P.

REGIONS BANK, as a Lender 
 
 
By:     /s/ David Valentine     
Name:     David Valentine 
Title:     Director

Signature Page to Fourth Amendment – Archrock Services, L.P.

BRANCH BANKING AND TRUST COMPANY, as a Lender 
 
 
By:     /s/ Lincoln LaCour     
Name:     Lincoln LaCour 
Title:     Assistant Vice President

Signature Page to Fourth Amendment – Archrock Services, L.P.

CITIBANK, N.A., as a Lender 
 
 
By:     /s/ Ivan Davey     
Name:     Ivan Davey 
Title:     Vice President

Signature Page to Fourth Amendment – Archrock Services, L.P.

RAYMOND JAMES BANK, N.A., as a Lender 
 
 
By:     /s/ Scott G. Axelrod     
Name:     Scott G. Axelrod 
Title:     Senior Vice President

Signature Page to Fourth Amendment – Archrock Services, L.P.

SANTANDER BANK, N.A., as a Lender
 
 
By:    /s/ Aidan Lanigan     
Name:    Aidan Lanigan 
Title:    Senior Vice President

By:    /s/ Puiki Lok     
Name:    Puiki Lok 
Title:    Vice President

Signature Page to Fourth Amendment – Archrock Services, L.P.

REAFFIRMATION AND RATIFICATION: Each Guarantor hereby (a) acknowledges the terms of this Fourth Amendment; (b) ratifies and affirms its obligations under, and acknowledges its continued liability under, each Loan Document to which it is a party, including the Guaranty and Collateral Agreement, and agrees that each Loan Document to which it is a party, including the Guaranty and Collateral Agreement, remains in full force and effect as expressly amended hereby; and (c) represents and warrants to the Lenders that, as of the date hereof, after giving effect to the terms of this Fourth Amendment: (i) all of the representations and warranties made by such Guarantor contained in each Loan Document to which such Guarantor is a party, including the Guaranty and Collateral Agreement, are true and correct in all material respects (except that such materiality qualifier shall not be applicable to any representation or warranty that is already qualified or modified by materiality in the text thereof) as though made on and as of the Fourth Amendment Effective Date (unless such representations and warranties are stated to relate to a specific earlier date, in which case, such representations and warranties shall be true and correct in all material respects as of such earlier date) and (ii) no Default or Event of Default has occurred and is continuing.

		
	ACKNOWLEDGED AND RATIFIED:
	ARCHROCK, INC. 

 
By:       /s/ David S. Miller    
Name:  David S. Miller
		
	Title: 
	Senior Vice President and Chief Financial Officer

ARCHROCK SERVICES LEASING LLC 

 
By:       /s/ David S. Miller    
Name:  David S. Miller
		
	Title: 
	Senior Vice President and Chief Financial Officer

ARCHROCK MLP LP LLC 

 
By:       /s/ David S. Miller    
Name:  David S. Miller
		
	Title: 
	Senior Vice President and Chief Financial Officer

Reaffirmation and Ratification 
Fourth Amendment – Archrock Services, L.P.

ARCHROCK GP LP LLC 

By:       /s/ David S. Miller    
Name:  David S. Miller
		
	Title: 
	Senior Vice President and Chief Financial Officer

Reaffirmation and Ratification 
Fourth Amendment – Archrock Services, L.P.

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