Document:

EX-4.3

 Exhibit 4.3 

Execution Version 

$375,000,000 
 EXTERRAN
ENERGY SOLUTIONS, L.P. 
 EES FINANCE CORP. 

8.125% Senior Notes due 2025 

Registration Rights Agreement 

This REGISTRATION RIGHTS AGREEMENT dated April 4, 2017 (the “Agreement”) is entered into by and among Exterran Energy
Solutions, L.P., a Delaware limited partnership (the “Partnership”), EES Finance Corp., a Delaware corporation (“Finance Corp.” and, together with the Partnership, the “Issuers”), Exterran Corporation, a Delaware
Corporation (“Exterran Corporation”), and Wells Fargo Securities, LLC, as representative of the several initial purchasers (collectively, the “Initial Purchasers”) named on Schedule I to the Purchase Agreement (as defined
herein). 
 The Issuers, Exterran Corporation and Wells Fargo Securities, LLC are parties to the Purchase Agreement dated March 30,
2017 (the “Purchase Agreement”), which provides for the sale by the Issuers to the Initial Purchasers of $375,000,000 aggregate principal amount of the Issuers’ 8.125% Senior Notes due 2025 (the “Securities”), which will be
guaranteed on an unsecured senior basis by each of the Guarantors, as defined herein. As an inducement to Wells Fargo Securities, LLC to purchase the Securities, the Issuers and the Company have agreed to provide to the Initial Purchasers and their
direct and indirect transferees the registration rights set forth in this Agreement. The execution and delivery of this Agreement is a condition to the closing under the Purchase Agreement. 

In consideration of the foregoing, the parties hereto agree as follows: 

1. Definitions. As used in this Agreement, the following terms shall have the following meanings: 

“Additional Guarantor” shall mean any subsidiary of Exterran Corporation that becomes a guarantor of the Securities under the
Indenture after the date of this Agreement. 
 “Business Day” shall mean any day that is not a Saturday, Sunday or other day on
which commercial banks in New York City are authorized or required by law to remain closed. 
 “Exchange Act” shall mean the
Securities Exchange Act of 1934, as amended from time to time. 
 “Exchange Dates” shall have the meaning set forth in
Section 2(a)(ii) hereof. 
 “Exchange Offer” shall mean the exchange offer by the Issuers and the Guarantors of Exchange
Securities for Registrable Securities pursuant to Section 2(a) hereof. 
 “Exchange Offer Registration” shall mean a
registration under the Securities Act effected pursuant to Section 2(a) hereof. 
 “Exchange Offer Registration Statement”
shall mean an exchange offer registration statement on Form S-4 (or, if applicable, on another appropriate form) and all amendments and supplements to such registration statement, in each case including the Prospectus contained therein or deemed a
part thereof, all exhibits thereto and any document incorporated by reference therein. 
 “Exchange Securities” shall mean senior
notes issued by the Issuers and guaranteed by the Guarantors under the Indenture containing terms identical to the Securities (except that the Exchange Securities will not be subject to restrictions on transfer or to any increase in annual interest
rate for failure to comply with this Agreement) and to be offered to Holders of Securities in exchange for Securities pursuant to the Exchange Offer. 

“Exterran Corporation” shall have the meaning set forth in the preamble and shall also include Exterran Corporation’s successor.

 “Finance Corp.” shall have the meaning set forth in the preamble and shall also include
Finance Corp.’s successors. 
 “FINRA” means the Financial Industry Regulatory Authority, Inc. 

“Free Writing Prospectus” means each free writing prospectus (as defined in Rule 405 under the Securities Act) prepared by or on
behalf of the Issuers or used or referred to by the Issuers in connection with the sale of the Securities or the Exchange Securities. 

“Guarantees” shall mean the guarantees of the Securities and Exchange Securities by the Guarantors under the Indenture. 

“Guarantors” shall mean (i) Exterran Corporation, (ii) any Additional Guarantors and (iii) any Guarantor’s
successor that guarantees the Securities. 
 “Holders” shall mean the Initial Purchasers, for so long as they own any Registrable
Securities, and each of their successors, assigns and direct and indirect transferees who become owners of Registrable Securities under the Indenture; provided that for purposes of Sections 4 and 5 hereof, the term “Holders” shall include
Participating Broker-Dealers. 
 “Indemnified Person” shall have the meaning set forth in Section 5(c) hereof. 

“Indemnifying Person” shall have the meaning set forth in Section 5(c) hereof. 

“Indenture” shall mean the Indenture dated as of the date hereof among the Issuers, Exterran Corporation and Wells Fargo Bank,
National Association, as trustee, as the same may be amended from time to time in accordance with the terms thereof. 
 “Initial
Purchasers” shall have the meaning set forth in the preamble. 
 “Inspector” shall have the meaning set forth in
Section 3(a)(xiv) hereof. 
 “Issuer Information” shall have the meaning set forth in Section 5(a) hereof. 

“Majority Holders” shall mean the Holders of a majority of the aggregate principal amount of the outstanding Registrable Securities;
provided that whenever the consent or approval of Holders of a specified percentage of Registrable Securities is required hereunder, any Registrable Securities owned directly or indirectly by the Issuers or any of its affiliates shall not be counted
in determining whether such consent or approval was given by the Holders of such required percentage or amount; and provided, further, that if the Issuers shall issue any additional Securities under the Indenture prior to consummation of the
Exchange Offer or, if applicable, the effectiveness of any Shelf Registration Statement, such additional Securities and the Registrable Securities to which this Agreement relates shall be treated together as one class for purposes of determining
whether the consent or approval of Holders of a specified percentage of Registrable Securities has been obtained. 
 “Notice and
Questionnaire” shall mean a notice of registration statement and selling security holder questionnaire distributed to a Holder by the Issuers upon receipt of a Shelf Request from such Holder. 

“Participating Broker-Dealers” shall have the meaning set forth in Section 4(a) hereof. 

“Participating Holder” shall mean any Holder of Registrable Securities that has returned a completed and signed Notice and
Questionnaire to the Issuers in accordance with Section 2(b) hereof. 
 “Partnership” shall have the meaning set forth in the
preamble and shall also include the Partnership’s successors. 
 “Person” shall mean an individual, partnership, limited
liability company, corporation, trust or unincorporated organization, or a government or agency or political subdivision thereof. 

  
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 “Prospectus” shall mean the prospectus included in, or, pursuant to the rules and
regulations of the Securities Act, deemed a part of, a Registration Statement, including any preliminary prospectus, and any such prospectus as amended or supplemented by any prospectus supplement, including a prospectus supplement with respect to
the terms of the offering of any portion of the Registrable Securities covered by a Shelf Registration Statement, and by all other amendments and supplements to such prospectus, and in each case including any document incorporated by reference
therein. 
 “Purchase Agreement” shall have the meaning set forth in the preamble. 

“Registrable Securities” shall mean the Securities; provided that the Securities shall cease to be Registrable Securities
(i) when a Registration Statement with respect to such Securities has become effective under the Securities Act and such Securities have been exchanged or disposed of pursuant to such Registration Statement or (ii) when such Securities
cease to be outstanding. 
 “Registration Expenses” shall mean any and all expenses incident to performance of or compliance by the
Issuers and the Guarantors with this Agreement, including without limitation: (i) all SEC, stock exchange or FINRA registration and filing fees, (ii) all fees and expenses incurred in connection with compliance with state securities or
blue sky laws (including reasonable fees and disbursements of counsel for any Underwriters or Holders in connection with blue sky qualification of any Exchange Securities or Registrable Securities), (iii) all expenses of any Persons in
preparing or assisting in preparing, word processing, printing and distributing any Registration Statement, any Prospectus, any Free Writing Prospectus and any amendments or supplements thereto, any underwriting agreements, securities sales
agreements or other similar agreements and any other documents relating to the performance of and compliance with this Agreement, (iv) all rating agency fees, (v) all fees and disbursements relating to the qualification of the Indenture
under applicable securities laws, (vi) the fees and disbursements of the Trustee and its counsel, (vii) the fees and disbursements of counsel for the Issuers and the Guarantors and, in the case of a Shelf Registration Statement, the fees
and disbursements of one counsel for the Participating Holders (which counsel shall be selected by the Participating Holders holding a majority of the aggregate principal amount of Registrable Securities held by such Participating Holders and which
counsel may also be counsel for the Initial Purchasers) and (viii) the fees and disbursements of the independent public accountants of the Issuers and the Guarantors, including the expenses of any special audits or “comfort” letters
required by or incident to the performance of and compliance with this Agreement, but excluding fees and expenses of counsel to the Underwriters (other than fees and expenses set forth in clause (ii) above) or the Holders and underwriting
discounts and commissions, brokerage commissions and transfer taxes, if any, relating to the sale or disposition of Registrable Securities by a Holder. 

“Registration Statement” shall mean any registration statement filed under the Securities Act of the Issuers and the Guarantors that
covers any of the Exchange Securities or Registrable Securities pursuant to the provisions of this Agreement and all amendments and supplements to any such registration statement, including post-effective amendments, in each case including the
Prospectus contained therein or deemed a part thereof, all exhibits thereto and any document incorporated by reference therein. 

“SEC” shall mean the United States Securities and Exchange Commission. 

“Securities” shall have the meaning set forth in the preamble. 

“Securities Act” shall mean the Securities Act of 1933, as amended from time to time. 

“Shelf Effectiveness Period” shall have the meaning set forth in Section 2(b) hereof. 

“Shelf Registration” shall mean a registration effected pursuant to Section 2(b) hereof. 

“Shelf Registration Statement” shall mean a “shelf” registration statement of the Issuers and the Guarantors that covers
all or a portion of the Registrable Securities (but no other securities unless approved by a majority in aggregate principal amount of the Registrable Securities held by the Participating Holders) on an appropriate form under Rule 415 under the
Securities Act, or any similar rule that may be adopted by the SEC, and all amendments and supplements to such registration statement, including post-effective amendments, in each case including the 

  
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 Prospectus contained therein or deemed a part thereof, all exhibits thereto and any document incorporated by
reference therein. 
 “Shelf Request” shall have the meaning set forth in Section 2(b) hereof. 

“Staff” shall mean the staff of the SEC. 

“Target Registration Date” shall mean May 9, 2018, which is the 400th day after the date hereof. 

“Trust Indenture Act” shall mean the Trust Indenture Act of 1939, as amended from time to time. 

“Trustee” shall mean the trustee with respect to the Securities under the Indenture. 

“Underwriter” shall have the meaning set forth in Section 3(e) hereof. 

“Underwritten Offering” shall mean an offering in which Registrable Securities are sold to an Underwriter for reoffering to the
public. 
 2. Registration Under the Securities Act. (a) To the extent not prohibited by any applicable law or applicable
interpretations of the Staff, the Issuers and the Guarantors shall use commercially reasonable efforts to (i) cause to be filed an Exchange Offer Registration Statement covering an offer to the Holders to exchange all the Registrable Securities
for Exchange Securities and (ii) have such Registration Statement remain effective until 180 days after the last Exchange Date for use by one or more Participating Broker-Dealers. The Issuers and the Guarantors shall commence the Exchange Offer
promptly after the Exchange Offer Registration Statement is declared effective by the SEC and use commercially reasonable efforts to complete the Exchange Offer not later than 60 days after such effective date. 

The Issuers and the Guarantors shall commence the Exchange Offer by mailing or making available the related Prospectus, appropriate letters of
transmittal and other accompanying documents to each Holder stating, in addition to such other disclosures as are required by applicable law, substantially the following: 
  

	 	(i)	that the Exchange Offer is being made pursuant to this Agreement and that all Registrable Securities validly tendered and not properly withdrawn will be accepted for exchange; 

 

	 	(ii)	the dates of acceptance for exchange (which shall be a period of at least 20 Business Days from the date such notice is mailed or made available) (the “Exchange Dates”); 

 

	 	(iii)	that any Registrable Security not tendered will remain outstanding and continue to accrue interest but will not retain any rights under this Agreement, except as otherwise specified herein; 

 

	 	(iv)	that any Holder electing to have a Registrable Security exchanged pursuant to the Exchange Offer will be required to (A) surrender such Registrable Security, together with the appropriate letters of transmittal, to
the institution and at the address and in the manner specified in the notice, or (B) effect such exchange otherwise in compliance with the applicable procedures of the depositary for such Registrable Security, in each case prior to the close of
business on the last Exchange Date; and 

  

	 	(v)	that any Holder will be entitled to withdraw its election, not later than the close of business on the last Exchange Date, by (A) sending to the institution and at the address specified in the notice, a telegram,
facsimile transmission or letter setting forth the name of such Holder, the principal amount of Registrable Securities delivered for exchange and a statement that such Holder is withdrawing its election to have such Securities exchanged or
(B) effecting such withdrawal in compliance with the applicable procedures of the depositary for the Registrable Securities. 

As a condition to participating in the Exchange Offer, a Holder will be required to represent to the Issuers and the Guarantors that
(i) any Exchange Securities to be received by it will be acquired in the ordinary course of its business, (ii) at the time of the commencement of the Exchange Offer it has no arrangement or understanding with any Person to participate in
the distribution (within the meaning of the Securities Act) of the Exchange Securities in violation of the provisions of the Securities Act, (iii) it is not an “affiliate” (within the meaning of Rule 405 under

  
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the Securities Act) of an Issuer or any Guarantor and (iv) if such Holder is a broker-dealer that will receive Exchange Securities for its own account in exchange for Registrable Securities
that were acquired as a result of market-making or other trading activities, then such Holder will deliver a Prospectus (or, to the extent permitted by law, make available a Prospectus to purchasers) in connection with any resale of such Exchange
Securities. 
 As soon as practicable after the last Exchange Date, the Issuers and the Guarantors shall: 

 

	 	(i)	accept for exchange Registrable Securities or portions thereof validly tendered and not properly withdrawn pursuant to the Exchange Offer; and 

 

	 	(ii)	deliver, or cause to be delivered, to the Trustee for cancellation all Registrable Securities or portions thereof so accepted for exchange by the Issuers and issue, and cause the Trustee to promptly authenticate and
deliver to each Holder, Exchange Securities equal in principal amount to the principal amount of the Registrable Securities tendered by such Holder. 

The Issuers and the Guarantors shall use commercially reasonable efforts to complete the Exchange Offer as provided above and shall comply
with the applicable requirements of the Securities Act, the Exchange Act and other applicable laws and regulations in connection with the Exchange Offer. The Exchange Offer shall not be subject to any conditions, other than that the Exchange Offer
does not violate any applicable law or applicable interpretations of the Staff. 
 (b) In the event that (i) the Issuers and the
Guarantors determine that the Exchange Offer Registration provided for in Section 2(a) above is not available or the Exchange Offer may not be completed because it would violate any applicable law or applicable interpretations of the Staff,
(ii) the Exchange Offer is not for any other reason completed by the Target Registration Date or (iii) upon receipt of a written request (a “Shelf Request”) from any Initial Purchaser representing that it holds Registrable
Securities that are or were ineligible to be exchanged in the Exchange Offer, the Issuers and the Guarantors shall use commercially reasonable efforts to cause to be filed as soon as practicable after such determination, date or Shelf Request, as
the case may be, a Shelf Registration Statement providing for the sale of all the Registrable Securities by the Holders thereof and to have such Shelf Registration Statement become effective; provided that no Holder will be entitled to have any
Registrable Securities included in any Shelf Registration Statement, or entitled to use the prospectus forming a part of such Shelf Registration Statement, until such Holder shall have delivered a completed and signed Notice and Questionnaire and
provided such other information regarding such Holder to the Issuers as is contemplated by Section 3(b) hereof. 
 In the event that
the Issuers and the Guarantors are required to file a Shelf Registration Statement pursuant to clause (iii) of the preceding sentence, the Issuers and the Guarantors shall use commercially reasonable efforts to file and have declared effective
by the SEC (or file and become effective automatically, as the case may be) both an Exchange Offer Registration Statement pursuant to Section 2(a) above with respect to all Registrable Securities and a Shelf Registration Statement (which may be
a combined Registration Statement with the Exchange Offer Registration Statement) with respect to offers and sales of Registrable Securities held by the Initial Purchasers after completion of the Exchange Offer. 

The Issuers and the Guarantors agree to use commercially reasonable efforts to keep the Shelf Registration Statement continuously effective
until the earlier of one year following the effective date of the Shelf Registration Statement and such time as all the Registrable Securities covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement
(the “Shelf Effectiveness Period”). The Issuers and the Guarantors further agree to supplement or amend the Shelf Registration Statement, the related Prospectus and any Free Writing Prospectus if required by the rules, regulations or
instructions applicable to the registration form used by the Issuers and the Guarantors for such Shelf Registration Statement or by the Securities Act or by any other rules and regulations thereunder or if reasonably requested by a Participating
Holder with respect to information relating to such Holder, and, to the extent necessary, to use commercially reasonable efforts to cause any such amendment to become effective and such Shelf Registration Statement, Prospectus or Free Writing
Prospectus, as the case may be, to become usable as soon as thereafter practicable. The Issuers and the Guarantors agree to furnish to the Participating Holders copies of any such supplement or amendment promptly after its being used or filed with
the SEC. 

  
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 (c) The Issuers and the Guarantors shall pay all Registration Expenses in connection with any
registration pursuant to Section 2(a) or Section 2(b) hereof. Each Holder shall pay all underwriting discounts and commissions, brokerage commissions and transfer taxes, if any, relating to the sale or disposition of such Holder’s
Registrable Securities pursuant to the Shelf Registration Statement. 
 (d) An Exchange Offer Registration Statement pursuant to
Section 2(a) hereof will not be deemed to have become effective unless it has been declared effective by the SEC. A Shelf Registration Statement pursuant to Section 2(b) hereof will not be deemed to have become effective unless it has been
declared effective by the SEC or is automatically effective upon filing with the SEC as provided by Rule 462 under the Securities Act. 
 In
the event that either the Exchange Offer is not completed or the Shelf Registration Statement, if required hereby, is not declared effective (or does not automatically become effective) on or prior to the Target Registration Date, the Issuers will
pay liquidated damages to Holders of Registrable Securities with the effect that the interest rate on the Registrable Securities will be increased by 1.00% per annum until the Exchange Offer is completed or the Shelf Registration Statement, if
required hereby, is declared effective by the SEC (or becomes automatically effective). All liquidated damages will be paid by the Issuers on the next scheduled interest payment date in the same manner as interest is paid on the Securities under the
Indenture. 
 If the Shelf Registration Statement, if required hereby, has been declared effective or automatically becomes effective, as
the case may be, and thereafter either ceases to be effective or the Prospectus contained therein ceases to be usable at any time during the Shelf Effectiveness Period, and such failure to remain effective or usable exists for more than 30 days
(whether or not consecutive) in any 12-month period, unless such failure to remain effective or usable relates or is directly attributable to a financing, acquisition, merger, disposition or other material transaction being undertaken by the Issuers
or any Guarantor or otherwise to the good faith determination of the Issuers or any Guarantor that the continuing effectiveness of the Shelf Registration Statement or the continuing usability of the Prospectus would require material, non-public
information that could reasonably be expected to adversely affect the Issuers or any Guarantor, then the Issuers will pay liquidated damages to the Holders of Registrable Securities with the effect that the interest rate on the Registrable
Securities will be increased by 1.00% per annum commencing on the 31st day in such 12-month period and ending on such date that the Shelf Registration Statement has again been declared (or automatically becomes) effective or the Prospectus
again becomes usable. 
 (e) Without limiting the remedies available to the Initial Purchasers and the Holders, the Issuers and the
Guarantors acknowledge that any failure by the Issuers or the Guarantors to comply with their obligations under Section 2(a) and Section 2(b) hereof may result in material irreparable injury to the Initial Purchasers or the Holders for
which there is no adequate remedy at law, that it will not be possible to measure damages for such injuries precisely and that, in the event of any such failure, the Initial Purchasers or any Holder may obtain such relief as may be required to
specifically enforce the Issuers’ and the Guarantors’ obligations under Section 2(a) and Section 2(b) hereof. The provisions for liquidated damages set forth in Section 2(d) above shall be the only monetary remedy available
to the Holders under this Agreement. 
 3. Registration Procedures. (a) In connection with their obligations pursuant to
Section 2(a) and Section 2(b) hereof, the Issuers and the Guarantors shall as expeditiously as possible: 
  

	 	(i)	prepare and file with the SEC a Registration Statement on the appropriate form under the Securities Act, which form (x) shall be selected by the Issuers and the Guarantors, (y) shall, in the case of a Shelf
Registration, be available for the sale of the Registrable Securities by the Participating Holders thereof and (z) shall comply as to form in all material respects with the requirements of the applicable form and include all financial
statements required by the SEC to be filed therewith; and use commercially reasonable efforts to cause such Registration Statement to become effective and remain effective for the applicable period in accordance with Section 2 hereof;

  

	 	(ii)	prepare and file with the SEC such amendments and post-effective amendments to each Registration Statement as may be necessary to keep such Registration Statement effective for the applicable period in accordance with
Section 2 hereof and cause each Prospectus to be supplemented by any required prospectus supplement and, as so supplemented, to be filed pursuant to Rule 424 under the Securities Act; and keep each Prospectus current during the period described
in Section 4(a)(3) of and Rule 174 under the Securities Act that is applicable to transactions by brokers or dealers with respect to the Registrable Securities or Exchange Securities; 

  
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	 	(iii)	to the extent any Free Writing Prospectus is used, file with the SEC any Free Writing Prospectus that is required to be filed by the Issuers or the Guarantors with the SEC in accordance with the Securities Act and to
retain any Free Writing Prospectus not required to be filed; 

  

	 	(iv)	in the case of a Shelf Registration, furnish to each Participating Holder, to counsel for the Initial Purchasers, to counsel for such Participating Holders and to each Underwriter of an Underwritten Offering of
Registrable Securities, if any, without charge, as many copies of each Prospectus, including each preliminary prospectus or Free Writing Prospectus, and any amendment or supplement thereto, as such Participating Holder, counsel or Underwriter may
reasonably request in order to facilitate the sale or other disposition of the Registrable Securities thereunder; and, subject to Section 3(c) below, the Issuers and the Guarantors’ consent to the use of such Prospectus, preliminary
prospectus or such Free Writing Prospectus and any amendment or supplement thereto in accordance with applicable law by each of the Participating Holders and any such Underwriters in connection with the offering and sale of the Registrable
Securities covered by and in the manner described in such Prospectus, preliminary prospectus or such Free Writing Prospectus or any amendment or supplement thereto in accordance with applicable law; 

 

	 	(v)	use commercially reasonable efforts to register or qualify the Registrable Securities under all applicable state securities or blue sky laws of such jurisdictions as any Participating Holder shall reasonably request in
writing by the time the applicable Registration Statement becomes effective; cooperate with such Participating Holders in connection with any filings required to be made with FINRA, and do any and all other acts and things that may be reasonably
necessary or advisable to enable each Participating Holder to complete the disposition in each such jurisdiction of the Registrable Securities owned by such Participating Holder; provided that neither Issuer nor any Guarantor shall be required to
(1) qualify as a foreign corporation or other entity or as a dealer in securities in any such jurisdiction where it would not otherwise be required to so qualify, (2) file any general consent to service of process in any such jurisdiction
or (3) subject itself to taxation in any such jurisdiction if it is not so subject; 

  

	 	(vi)	notify counsel for the Initial Purchasers and, in the case of a Shelf Registration, notify each Participating Holder and counsel for such Participating Holders promptly and, if requested by any such Participating Holder
or counsel, confirm such advice in writing (1) when a Registration Statement has become effective, when any post-effective amendment thereto has been filed and becomes effective, when any Free Writing Prospectus has been filed or any amendment
or supplement to the Prospectus or any Free Writing Prospectus has been filed, (2) of any request by the SEC or any state securities authority for amendments and supplements to a Registration Statement, Prospectus or any Free Writing Prospectus
or for additional information after the Registration Statement has become effective, (3) of the issuance by the SEC or any state securities authority of any stop order suspending the effectiveness of a Registration Statement or the initiation
of any proceedings for that purpose, including the receipt by the Issuers of any notice of objection of the SEC to the use of a Shelf Registration Statement or any post-effective amendment thereto pursuant to Rule 401(g)(2) under the Securities Act,
(4) if, between the applicable effective date of a Shelf Registration Statement and the closing of any sale of Registrable Securities covered thereby, the representations and warranties of the Issuers or any Guarantor contained in any
underwriting agreement, securities sales agreement or other similar agreement, if any, relating to an offering of such Registrable Securities cease to be true and correct in all material respects or if the Issuers or any Guarantor receives any
notification with respect to the suspension of the qualification of the Registrable Securities for sale in any jurisdiction or the initiation of any proceeding for such purpose, (5) of the happening of any event during the period a Registration
Statement is effective that makes any statement made in such Registration Statement or the related Prospectus or any Free Writing Prospectus untrue in any material respect or that requires the making of any changes in such Registration Statement or
Prospectus or any Free Writing Prospectus in order to make the statements therein, in the light of the circumstances in which they were made in the case of the Prospectus or any Free Writing Prospectus, not misleading and (6) of any
determination by the Issuers or any Guarantor that a post-effective amendment to a Registration Statement or any amendment or supplement to the Prospectus or any Free Writing Prospectus would be appropriate; 

  
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	 	(vii)	use commercially reasonable efforts to obtain the withdrawal of any order suspending the effectiveness of a Registration Statement or, in the case of a Shelf Registration, the resolution of any objection of the SEC
pursuant to Rule 401(g)(2) under the Securities Act, including by filing an amendment to such Registration Statement on the proper form, at the earliest practicable moment and provide immediate notice to each Holder or Participating Holder of the
withdrawal of any such order or such resolution; 

  

	 	(viii)	in the case of a Shelf Registration, furnish or make available to each Participating Holder, without charge, at least one conformed copy of each Registration Statement and any post-effective amendment thereto (without
any documents incorporated therein by reference or exhibits thereto, unless requested); 

  

	 	(ix)	in the case of a Shelf Registration, cooperate with the Participating Holders to facilitate the timely preparation and delivery of certificates representing Registrable Securities to be sold and not bearing any
restrictive legends and enable such Registrable Securities to be issued in such denominations and registered in such names (consistent with the provisions of the Indenture) as such Participating Holders may reasonably request at least one Business
Day prior to the closing of any sale of Registrable Securities; 

  

	 	(x)	upon the occurrence of any event contemplated by Section 3(a)(vi)(5) hereof, use commercially reasonable efforts to prepare and file with the SEC a supplement or post-effective amendment to the Exchange Offer
Registration Statement or Shelf Registration Statement or the related Prospectus or any Free Writing Prospectus or any document incorporated therein by reference or file any other required document so that, as thereafter delivered (or, to the extent
permitted by law, made available) to purchasers of the Registrable Securities, such Prospectus or Free Writing Prospectus, as the case may be, will not contain any untrue statement of a material fact or omit to state a material fact necessary to
make the statements therein, in the light of the circumstances under which they were made, not misleading; and the Issuers and the Guarantors shall notify the Participating Holders (in the case of a Shelf Registration Statement) and the Initial
Purchasers and any Participating Broker-Dealers known to the Issuers (in the case of the Exchange Offer Registration Statement) to suspend use of the Prospectus or any Free Writing Prospectus as promptly as practicable after the occurrence of such
an event, and such Participating Holders, such Participating Broker-Dealers and the Initial Purchasers, as applicable, hereby agree to suspend use of the Prospectus or any Free Writing Prospectus, as the case may be, until the Issuers and the
Guarantors have amended or supplemented the Prospectus or the Free Writing Prospectus, as the case may be, to correct such misstatement or omission; provided that the obligations under this Section 3(a)(x) with respect to the Exchange Offer
Registration Statement shall terminate at the end of the period set forth in Section 2(a)(ii) hereof; 

  

	 	(xi)	a reasonable time prior to the filing of any Registration Statement, any Prospectus, any Free Writing Prospectus, any amendment to a Registration Statement or amendment or supplement to a Prospectus or a Free Writing
Prospectus, provide copies of such document to the Initial Purchasers and their counsel (and, in the case of a Shelf Registration Statement, to the Participating Holders and their counsel) and make such of the representatives of the Issuers and the
Guarantors as shall be reasonably requested by the Initial Purchasers or their counsel (and, in the case of a Shelf Registration Statement, the Participating Holders or their counsel) available for discussion of such document; and the Issuers and
the Guarantors shall not, at any time after initial filing of a Registration Statement, use or file any Prospectus, any Free Writing Prospectus, any amendment of or supplement to a Registration Statement, a Prospectus or a Free Writing Prospectus,
of which the Initial Purchasers and their counsel (and, in the case of a Shelf Registration Statement, the Participating Holders and their counsel) shall not have previously been advised and furnished a copy or to which the Initial Purchasers or
their counsel (and, in the case of a Shelf Registration Statement, the Participating Holders or their counsel) shall reasonably object; 

  

	 	(xii)	obtain a CUSIP number for all Exchange Securities or Registrable Securities, as the case may be, not later than the initial effective date of a Registration Statement; 

  
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	 	(xiii)	cause the Indenture to be qualified under the Trust Indenture Act in connection with the registration of the Exchange Securities or Registrable Securities, as the case may be; cooperate with the Trustee and the Holders
to effect such changes to the Indenture as may be required for the Indenture to be so qualified in accordance with the terms of the Trust Indenture Act; and execute, and use commercially reasonable efforts to cause the Trustee to execute, all
documents as may be required to effect such changes and all other forms and documents required to be filed with the SEC to enable the Indenture to be so qualified in a timely manner; 

 

	 	(xiv)	in the case of a Shelf Registration, make available for inspection by a representative of the Participating Holders (an “Inspector”), any Underwriter participating in any disposition pursuant to such Shelf
Registration Statement, any attorneys and accountants designated by a majority in aggregate principal amount of the Registrable Securities held by the Participating Holders and any attorneys and accountants designated by such Underwriter, at
reasonable times and in a reasonable manner, all pertinent financial and other records, documents and properties of Exterran Corporation and its subsidiaries, and cause the respective officers, directors and employees of the Issuers and the
Guarantors to supply all information reasonably requested by any such Inspector, Underwriter, attorney or accountant in connection with a Shelf Registration Statement; provided that if any such information is identified by the Issuers or any
Guarantor as being confidential or proprietary, each Person receiving such information shall take such actions as are reasonably necessary to protect the confidentiality of such information to the extent such action is otherwise not inconsistent
with, an impairment of or in derogation of the rights and interests of any Inspector, Participating Holder or Underwriter; 

  

	 	(xv)	if reasonably requested by any Participating Holder, promptly include in a Prospectus supplement or post-effective amendment such information with respect to such Participating Holder as such Participating Holder
reasonably requests to be included therein and make all required filings of such Prospectus supplement or such post-effective amendment as soon as the Issuers have received notification of the matters to be so included in such filing;

  

	 	(xvi)	in the case of a Shelf Registration, enter into such customary agreements and take all such other commercially reasonable actions in connection therewith (including those requested by the Participating Holders of a
majority in principal amount of the Registrable Securities covered by the Shelf Registration Statement) in order to expedite or facilitate the disposition of such Registrable Securities including, but not limited to, an Underwritten Offering and in
such connection, (1) to the extent possible, make such representations and warranties to the Participating Holders and any Underwriters of such Registrable Securities with respect to the business of Exterran Corporation and its subsidiaries and
the Registration Statement, Prospectus, any Free Writing Prospectus and documents incorporated by reference or deemed incorporated by reference, if any, in each case, in form, substance and scope as are customarily made by issuers to underwriters in
underwritten offerings and confirm the same if and when requested, (2) obtain opinions of counsel to the Issuers and the Guarantors (which counsel and opinions, in form, scope and substance, shall be reasonably satisfactory to the Participating
Holders and such Underwriters and their respective counsel) addressed to each Participating Holder and Underwriter of Registrable Securities, covering the matters customarily covered in opinions requested in underwritten offerings, (3) obtain
“comfort” letters from the independent certified public accountants of the Issuers and the Guarantors (and, if necessary, any other certified public accountant of any subsidiary of the Issuers or the Guarantors, or of any business acquired
by the Issuers or the Guarantors for which financial statements and financial data are or are required to be included in the Registration Statement) addressed to each Participating Holder (to the extent permitted by applicable professional
standards) and Underwriter of Registrable Securities, such letters to be in customary form and covering matters of the type customarily covered in “comfort” letters in connection with underwritten offerings, including but not limited to
financial information contained in any preliminary prospectus, Prospectus or Free Writing Prospectus, and (4) deliver such documents and certificates as may be reasonably requested by the Participating Holders of a majority in principal amount
of the Registrable Securities being sold or the Underwriters, and which are customarily delivered in underwritten offerings, to evidence the continued validity of the representations and warranties of the Issuers and the Guarantors made pursuant to
clause (1) above and to evidence compliance with any customary conditions contained in an underwriting agreement; and 

  
 9 

	 	(xvii)	so long as any Registrable Securities remain outstanding, cause each Additional Guarantor to execute a counterpart to this Agreement in the form attached hereto as Annex A and to deliver such counterpart, together with
an opinion of counsel as to the enforceability thereof against such entity, to the Initial Purchasers no later than five Business Days following the execution thereof. 

(b) In the case of a Shelf Registration Statement, the Issuers may require each Holder of Registrable Securities to furnish to the Issuers a
Notice and Questionnaire and such other information regarding such Holder and the proposed disposition by such Holder of such Registrable Securities as the Issuers and the Guarantors may from time to time reasonably request in writing. 

(c) Each Participating Holder agrees that, upon receipt of any notice from the Issuers and the Guarantors of the happening of any event of the
kind described in Section 3(a)(vi)(3) or Section 3(a)(vi)(5) hereof, such Participating Holder will forthwith discontinue disposition of Registrable Securities pursuant to the Shelf Registration Statement until such Participating
Holder’s receipt of evidence from the Issuers and the Guarantors that such stop order or proceeding is no longer in effect or the copies of the supplemented or amended Prospectus and any Free Writing Prospectus contemplated by
Section 3(a)(x) hereof, respectively, and, if so directed by the Issuers and the Guarantors, such Participating Holder will deliver to the Issuers and the Guarantors all copies in its possession, other than permanent file copies then in such
Participating Holder’s possession, of the Prospectus and any Free Writing Prospectus covering such Registrable Securities that are current at the time of receipt of such notice. 

(d) If the Issuers and the Guarantors shall give any notice to suspend the disposition of Registrable Securities pursuant to a Registration
Statement, the Issuers and the Guarantors shall extend the period during which such Registration Statement shall be maintained effective pursuant to this Agreement by the number of days during the period from and including the date of the giving of
such notice to and including the date when the Holders of such Registrable Securities shall have received copies of the supplemented or amended Prospectus or any Free Writing Prospectus necessary to resume such dispositions. The Issuers and the
Guarantors may give any such notice only twice during any 365-day period and any such suspensions shall not exceed 30 days for each suspension and there shall not be more than two suspensions in effect during any 365-day period, it being understood
that any suspension that complies with the foregoing provisions of this sentence shall not subject the Issuers and the Guarantors to any liability for the increase in interest on the Notes contemplated by the last paragraph of Section 2(d)
hereof. 
 (e) The Participating Holders who desire to do so may sell such Registrable Securities in an Underwritten Offering. In any such
Underwritten Offering, the investment bank or investment banks and manager or managers (each an “Underwriter”) that will administer the offering will be selected by the Holders of a majority in principal amount of the Registrable
Securities included in such offering; provided, however, that such Underwriter must be reasonably satisfactory to the Issuers. 
 4.
Participation of Broker-Dealers in Exchange Offer. (a) The Staff has taken the position that any broker-dealer that receives Exchange Securities for its own account in the Exchange Offer in exchange for Securities that were acquired by
such broker-dealer as a result of market-making or other trading activities (a “Participating Broker-Dealer”) may be deemed to be an “underwriter” within the meaning of the Securities Act and must deliver a prospectus meeting the
requirements of the Securities Act in connection with any resale of such Exchange Securities. 
 The Issuers and the Guarantors understand
that it is the Staff’s position that if the Prospectus contained in the Exchange Offer Registration Statement includes a plan of distribution containing a statement to the above effect and the means by which Participating Broker-Dealers may
resell the Exchange Securities, without naming the Participating Broker-Dealers or specifying the amount of Exchange Securities owned by them, such Prospectus may be delivered by Participating Broker-Dealers (or, to the extent permitted by law, made
available to purchasers) to satisfy their prospectus delivery obligation under the Securities Act in connection with resales of Exchange Securities for their own accounts, so long as the Prospectus otherwise meets the requirements of the Securities
Act. 
 (b) In light of Section 4(a) above, and notwithstanding the other provisions of this Agreement, the Issuers and the Guarantors
agree to amend or supplement the Prospectus contained in the Exchange Offer Registration Statement for a period of up to 180 days after the last Exchange Date (as such period may be extended pursuant to Section 3(d) hereof), in order to
expedite or facilitate the disposition of any Exchange Securities by Participating Broker-Dealers consistent with the positions of the Staff recited in Section 4(a) above. The Issuers and the 

  
 10 

 
Guarantors further agree that Participating Broker-Dealers shall be authorized to deliver such Prospectus (or, to the extent permitted by law, make available) during such period in connection
with the resales contemplated by this Section 4. 
 (c) The Initial Purchasers shall have no liability to the Issuers, any Guarantor or
any Holder with respect to any request that they may make pursuant to Section 4(b) above. 
 5. Indemnification and
Contribution. (a) The Issuers and the Guarantors, jointly and severally, agree to indemnify and hold harmless each Holder, their respective affiliates, directors and officers and each Person, if any, who controls any Holder within the
meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act, from and against any and all losses, claims, damages and liabilities (including, without limitation, legal fees and other expenses incurred in connection with
any suit, action or proceeding or any claim asserted, as such fees and expenses are incurred), joint or several, that arise out of, or are based upon, (1) any untrue statement or alleged untrue statement of a material fact contained in any
Registration Statement or any omission or alleged omission to state therein a material fact required to be stated therein or necessary in order to make the statements therein not misleading, or (2) any untrue statement or alleged untrue
statement of a material fact contained in any Prospectus, any Free Writing Prospectus or any “issuer information” (“Issuer Information”) filed or required to be filed pursuant to Rule 433(d) under the Securities Act, or any
omission or alleged omission to state therein a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, in each case except insofar as such losses, claims,
damages or liabilities arise out of, or are based upon, any untrue statement or omission or alleged untrue statement or omission made in reliance upon and in conformity with any information relating to any Holder furnished to the Issuers in writing
by such Holder expressly for use therein. In connection with any Underwritten Offering permitted by Section 3 hereof, the Issuers and the Guarantors, jointly and severally, will also indemnify the Underwriters, if any, selling brokers, dealers
and similar securities industry professionals participating in the distribution, their respective affiliates and each Person who controls such Persons (within the meaning of the Securities Act and the Exchange Act) to the same extent as provided
above with respect to the indemnification of the Holders, if requested in connection with any Registration Statement, any Prospectus, any Free Writing Prospectus or any Issuer Information. 

(b) Each Holder agrees, severally and not jointly, to indemnify and hold harmless the Issuers, the Guarantors and the other selling Holders,
the directors of the Issuers and the Guarantors, each officer of the Issuers and the Guarantors who signed the Registration Statement and each Person, if any, who controls the Issuers, the Guarantors and any other selling Holder within the meaning
of Section 15 of the Securities Act or Section 20 of the Exchange Act to the same extent as the indemnity set forth in paragraph (a) above, but only with respect to any losses, claims, damages or liabilities that arise out of, or are
based upon, any untrue statement or omission or alleged untrue statement or omission made in reliance upon and in conformity with any information relating to such Holder furnished to the Issuers in writing by such Holder expressly for use in any
Registration Statement, any Prospectus and any Free Writing Prospectus. 
 (c) If any suit, action, proceeding (including any governmental
or regulatory investigation), claim or demand shall be brought or asserted against any Person in respect of which indemnification may be sought pursuant to either paragraph (a) or (b) above, such Person (the “Indemnified Person”)
shall promptly notify the Person against whom such indemnification may be sought (the “Indemnifying Person”) in writing; provided that the failure to notify the Indemnifying Person shall not relieve it from any liability that it may have
under paragraph (a) or (b) above except to the extent that it has been materially prejudiced (through the forfeiture of substantive rights or defenses) by such failure; and provided, further, that the failure to notify the Indemnifying
Person shall not relieve it from any liability that it may have to an Indemnified Person otherwise than under paragraph (a) or (b) above. If any such proceeding shall be brought or asserted against an Indemnified Person and it shall have
notified the Indemnifying Person thereof, the Indemnifying Person shall retain counsel reasonably satisfactory to the Indemnified Person to represent the Indemnified Person and any others entitled to indemnification pursuant to this Section 5
that the Indemnifying Person may designate in such proceeding and shall pay the fees and expenses of such counsel related to such proceeding, as incurred. In any such proceeding, any Indemnified Person shall have the right to retain its own counsel,
but the fees and expenses of such counsel shall be at the expense of such Indemnified Person unless (i) the Indemnifying Person and the Indemnified Person shall have mutually agreed to the contrary; (ii) the Indemnifying Person has failed
within a reasonable time to retain counsel reasonably satisfactory to the Indemnified Person; (iii) the Indemnified Person shall have reasonably concluded that there may be legal defenses available to it that are

  
 11 

 
different from or in addition to those available to the Indemnifying Person; or (iv) the named parties in any such proceeding (including any impleaded parties) include both the Indemnifying
Person and the Indemnified Person and representation of both parties by the same counsel would be inappropriate due to actual or potential differing interests between them. It is understood and agreed that the Indemnifying Person shall not, in
connection with any proceeding or related proceeding in the same jurisdiction, be liable for the fees and expenses of more than one separate firm (in addition to any local counsel) for all Indemnified Persons, and that all such fees and expenses
shall be reimbursed as they are incurred. Any such separate firm (x) for any Holder, its directors and officers and any control Persons of such Holder shall be designated in writing by the Majority Holders and (y) in all other cases shall
be designated in writing by the Issuers. The Indemnifying Person shall not be liable for any settlement of any proceeding effected without its written consent, but if settled with such consent or if there be a final judgment for the plaintiff, the
Indemnifying Person agrees to indemnify each Indemnified Person from and against any loss or liability by reason of such settlement or judgment. Notwithstanding the foregoing sentence, if at any time an Indemnified Person shall have requested that
an Indemnifying Person reimburse the Indemnified Person for fees and expenses of counsel as contemplated by this paragraph, the Indemnifying Person shall be liable for any settlement of any proceeding effected without its written consent if
(i) such settlement is entered into more than 45 days after receipt by the Indemnifying Person of such request and (ii) the Indemnifying Person shall not have reimbursed the Indemnified Person in accordance with such request prior to the
date of such settlement. No Indemnifying Person shall, without the written consent of the Indemnified Person, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Person is or could have been a party and
indemnification could have been sought hereunder by such Indemnified Person, unless such settlement (A) includes an unconditional release of such Indemnified Person, in form and substance reasonably satisfactory to such Indemnified Person, from
all liability on claims that are the subject matter of such proceeding and (B) does not include any statement as to or any admission of fault, culpability or a failure to act by or on behalf of any Indemnified Person. 

(d) If the indemnification provided for in paragraphs (a) and (b) above is unavailable to an Indemnified Person or insufficient in
respect of any losses, claims, damages or liabilities referred to therein, then each Indemnifying Person under such paragraph, in lieu of indemnifying such Indemnified Person thereunder, shall contribute to the amount paid or payable by such
Indemnified Person as a result of such losses, claims, damages or liabilities (i) in such proportion as is appropriate to reflect the relative benefits received by the Issuers and the Guarantors from the offering of the Securities and the
Exchange Securities, on the one hand, and by the Holders from receiving Securities or Exchange Securities registered under the Securities Act, on the other hand, or (ii) if the allocation provided by clause (i) is not permitted by
applicable law, in such proportion as is appropriate to reflect not only the relative benefits referred to in clause (i) but also the relative fault of the Issuers and the Guarantors on the one hand and the Holders on the other in connection
with the statements or omissions that resulted in such losses, claims, damages or liabilities, as well as any other relevant equitable considerations. The relative fault of the Issuers and the Guarantors on the one hand and the Holders on the other
shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission or alleged omission to state a material fact relates to information supplied by the Issuers and the Guarantors
or by the Holders and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission. 

(e) The Issuers, the Guarantors and the Holders agree that it would not be just and equitable if contribution pursuant to this Section 5
were determined by pro rata allocation (even if the Holders were treated as one entity for such purpose) or by any other method of allocation that does not take account of the equitable considerations referred to in paragraph (d) above. The
amount paid or payable by an Indemnified Person as a result of the losses, claims, damages and liabilities referred to in paragraph (d) above shall be deemed to include, subject to the limitations set forth above, any legal or other expenses
incurred by such Indemnified Person in connection with any such action or claim. Notwithstanding the provisions of this Section 5, in no event shall a Holder be required to contribute any amount in excess of the amount by which the total price
at which the Securities or Exchange Securities sold by such Holder exceeds the amount of any damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No Person
guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. The Holders’ obligations to
contribute pursuant to this Section 5 are several and not joint. 
 (f) The remedies provided for in this Section 5 are not
exclusive and shall not limit any rights or remedies that may otherwise be available to any Indemnified Person at law or in equity. 

  
 12 

 (g) The indemnity and contribution provisions contained in this Section 5 shall remain
operative and in full force and effect regardless of (i) any termination of this Agreement, (ii) any investigation made by or on behalf of any Holder or any Person controlling any Holder, or by or on behalf of the Issuers or the Guarantors
or the officers or directors of or any Person controlling the Issuers or the Guarantors, (iii) acceptance of any of the Exchange Securities and (iv) any sale of Registrable Securities pursuant to a Shelf Registration Statement. 

6. General. 
 (a) No
Inconsistent Agreements. The Issuers and the Guarantors represent, warrant and agree that (i) the rights granted to the Holders hereunder do not in any way conflict with and are not inconsistent with the rights granted to the holders of any
other outstanding securities issued or guaranteed by the Issuers or any Guarantor under any other agreement and (ii) neither the Issuers nor any Guarantor has entered into, or on or after the date of this Agreement will enter into, any
agreement that is inconsistent with the rights granted to the Holders of Registrable Securities in this Agreement or otherwise conflicts with the provisions hereof. 

(b) Amendments and Waivers. The provisions of this Agreement, including the provisions of this sentence, may not be amended, modified
or supplemented, and waivers or consents to departures from the provisions hereof may not be given unless the Issuers and the Guarantors have obtained the written consent of Holders of at least a majority in aggregate principal amount of the
outstanding Registrable Securities affected by such amendment, modification, supplement, waiver or consent; provided that no amendment, modification, supplement, waiver or consent to any departure from the provisions of Section 5 hereof or any
provision that could affect adversely the rights of any Holder of Registrable Securities to receive liquidated damages in the amount and on the payment dates as provided in Section 2(d) shall be effective as against any Holder of Registrable
Securities unless consented to in writing by such Holder. Any amendments, modifications, supplements, waivers or consents pursuant to this Section 6(b) shall be by a writing executed by each of the parties hereto. 

(c) Notices. All notices and other communications provided for or permitted hereunder shall be made in writing by hand-delivery,
registered first-class mail, telex, telecopier, or any courier guaranteeing overnight delivery (i) if to a Holder, at the most current address given by such Holder to the Issuers by means of a notice given in accordance with the provisions of
this Section 6(c), which address initially is, with respect to the Initial Purchasers, the address set forth in the Purchase Agreement; (ii) if to the Issuers and the Guarantors, initially at the Issuers’s address set forth in the
Purchase Agreement and thereafter at such other address, notice of which is given in accordance with the provisions of this Section 6(c); and (iii) to such other persons at their respective addresses as provided in the Purchase Agreement
and thereafter at such other address, notice of which is given in accordance with the provisions of this Section 6(c). All such notices and communications shall be deemed to have been duly given: at the time delivered by hand, if personally
delivered; five Business Days after being deposited in the mail, postage prepaid, if mailed; when receipt is acknowledged, if telecopied; and on the next Business Day if timely delivered to an air courier guaranteeing overnight delivery. Copies of
all such notices, demands or other communications shall be concurrently delivered by the Person giving the same to the Trustee, at the address specified in the Indenture. 

(d) Successors and Assigns. This Agreement shall inure to the benefit of and be binding upon the successors, assigns and transferees of
each of the parties, including, without limitation and without the need for an express assignment, subsequent Holders; provided that nothing herein shall be deemed to permit any assignment, transfer or other disposition of Registrable Securities in
violation of the terms of the Purchase Agreement or the Indenture. If any transferee of any Holder shall acquire Registrable Securities in any manner, whether by operation of law or otherwise, such Registrable Securities shall be held subject to all
the terms of this Agreement, and by taking and holding such Registrable Securities such Person shall be conclusively deemed to have agreed to be bound by and to perform all of the terms and provisions of this Agreement and such Person shall be
entitled to receive the benefits hereof. The Initial Purchasers (in their capacity as Initial Purchasers) shall have no liability or obligation to the Issuers or the Guarantors with respect to any failure by a Holder to comply with, or any breach by
any Holder of, any of the obligations of such Holder under this Agreement. 
 (e) Third Party Beneficiaries. Each Holder shall be a
third party beneficiary to the agreements made hereunder between the Issuers and the Guarantors, on the one hand, and the Initial Purchasers, on the other hand, and shall have the right to enforce such agreements directly to the extent it deems such
enforcement necessary or advisable to protect its rights or the rights of other Holders hereunder. 

  
 13 

 (f) Counterparts. This Agreement may be executed in any number of counterparts and by the
parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. 

(g) Headings. The headings in this Agreement are for convenience of reference only, are not a part of this Agreement and shall not
limit or otherwise affect the meaning hereof. 
 (h) Governing Law. This Agreement, and any claim, controversy or dispute arising
under or related to this Agreement, shall be governed by and construed in accordance with the laws of the State of New York. 
 (i)
Entire Agreement; Severability. This Agreement contains the entire agreement between the parties relating to the subject matter hereof and supersedes all oral statements and prior writings with respect thereto. If any term, provision,
covenant or restriction contained in this Agreement is held by a court of competent jurisdiction to be invalid, void or unenforceable or against public policy, the remainder of the terms, provisions, covenants and restrictions contained herein shall
remain in full force and effect and shall in no way be affected, impaired or invalidated. The Issuers, the Guarantors and the Initial Purchasers shall endeavor in good faith negotiations to replace the invalid, void or unenforceable provisions with
valid provisions the economic effect of which comes as close as possible to that of the invalid, void or unenforceable provisions. 

[Signature Page to Follow.] 

  
 14 

 IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written above.

  

					
	EXTERRAN ENERGY SOLUTIONS, L.P.
		
	By:	 	 /s/ David A. Barta

		 	Name:	 	David A. Barta
		 	Title:	 	 Senior Vice President and Chief Financial

Officer

  

					
	
	EES FINANCE CORP.
		
	By:	 	 /s/ David A. Barta

		 	Name:	 	David A. Barta
		 	Title:	 	 Senior Vice President and Chief Financial

Officer

  

					
	
	EXTERRAN CORPORATION
		
	By:	 	 /s/ David A. Barta

		 	Name:	 	David A. Barta
		 	Title:	 	 Senior Vice President and Chief Financial

Officer

 Confirmed and accepted as of the date first above written: 

WELLS FARGO SECURITIES, LLC 
 Acting on behalf of itself
and as the Representative of the several Initial Purchasers 
  

					
		
	By:	 	 /s/ Rob Mclean

		 	Name:	 	Rob Mclean
		 	Title:	 	Vice President

 [Signature Page to Registration Rights Agreement] 

 Annex A 

Counterpart to Registration Rights Agreement 

The undersigned hereby absolutely, unconditionally and irrevocably agrees as a Guarantor (as defined in the Registration Rights Agreement
dated April 4, 2017 by and among Exterran Energy Solutions, L.P., a Delaware limited partnership, EES Finance Corp., a Delaware corporation, Exterran Corporation, a Delaware corporation, [the other guarantors party thereto] and Wells Fargo
Securities, LLC, on behalf of itself and the other Initial Purchasers) to be bound by the terms and provisions of such Registration Rights Agreement. 

IN WITNESS WHEREOF, the undersigned has executed this counterpart as of
                    , 201    . 

 

					
	[GUARANTOR]
		
	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

  
 Annex ARICH
PHARMACEUTICALS, INC.

2017 STOCK OPTION/STOCK ISSUANCE PLAN

 

Article
One

GENERAL PROVISIONS

I.                  
PURPOSE OF THE PLAN

This
2017 Stock Option/Stock Issuance Plan is intended to promote the interests of Rich Pharmaceuticals, Inc., a Nevada corporation
(the “Corporation”), by providing eligible persons with the opportunity to acquire a proprietary interest,
or otherwise increase their proprietary interest, in the Corporation as an incentive for them to remain in the service of the
Corporation. Capitalized terms herein shall have the meanings assigned to such terms in the attached Appendix.

The
2017 Stock Option/Stock Issuance Plan was adopted by the board of directors of the Corporation on March 30, 2017.

II.               
STRUCTURE OF THE PLAN

A.   
The Plan shall be divided into two (2) separate equity programs:

(i)           
the Option Grant Program under which eligible persons may, at the discretion of the Plan Administrator, be granted stock options
to purchase shares of Common Stock, and

(ii)           
the Stock Issuance Program under which eligible persons may, at the discretion of the Plan Administrator, be issued shares of
Common Stock directly, either through the immediate purchase of such shares or as a bonus for Services rendered to the Corporation
(or any Parent or Subsidiary).

B.    
The provisions of Article One and Article Four shall apply to both equity programs under the Plan and shall accordingly govern
the interests of all persons under the Plan.

C.    
 The Plan in aggregate, including both the Option Grant Program and Stock Issuance Program will have a maximum number of shares
issued not to exceed 600,000,000 shares (subject to adjustment as provided in Article One/Section V(C)).

III.            
ADMINISTRATION OF THE PLAN

A.   
The Plan shall be administered by the Board. However, any or all administrative functions otherwise exercisable by the Board may
be delegated to the Committee. Members of the Committee shall serve for such periods of time as the Board may determine and shall
be subject to removal by the Board at any time. The Board may also at any time terminate the functions of the Committee and reassume
all powers and authority previously delegated to the Committee.

    	 	1	 

    	 	 	 

    

B.    
The Plan Administrator shall have full power and authority (subject to the provisions of the Plan) to establish such rules and
regulations as it may deem appropriate for proper administration of the Plan and to make such determinations under, and issue
such interpretations of, the Plan and any outstanding stock options or stock issuances thereunder as it may deem necessary or
advisable. Decisions of the Plan Administrator shall be final and binding on all parties who have an interest in the Plan or any
stock option or stock issuance thereunder.

C.    
The Plan Administrator shall have full authority to determine, (i) with respect to the stock option grants under the Option Grant
Program, which eligible persons are to receive stock option grants, the time or times when such stock option grants are to be
made, the number of shares to be covered by each such grant, the status of the granted stock option as either an Incentive Option
or a Non-Statutory Option, the time or times at which each stock option is to become exercisable, the vesting schedule (if any)
applicable to the stock option shares and the maximum term for which the stock option is to remain outstanding, and (ii) with
respect to stock issuances under the Stock Issuance Program, which eligible persons are to receive stock issuances, the time or
times when such issuances are to be made, the number of shares to be issued to each Participant, the vesting schedule (if any)
applicable to the issued shares and the consideration to be paid by the Participant for such shares. The Plan Administrator shall
also have fully authority and discretion to:

1.     
correct any defect, supply any omission, or reconcile or clarify any inconsistency in the Plan or any Stock Option Award Agreement
or Stock Issuance Agreement;

2.     
accelerate the vesting, or extend the post-termination exercise term, or waive restrictions, of stock option or stock awards at
any time and under such terms and conditions as it deems appropriate;

3.     
interpret the Plan and any Stock Option Award Agreement or Stock Issuance Agreement;

4.     
make all other decisions relating to the operation of the Plan; and

5.     
grant stock option or stock awards to Employees, non-employee members of the Board or the board of directors of any Parent or
Subsidiary or consultants who are foreign nationals on such terms and conditions different from those specified in the Plan, which
may be necessary or desirable to foster and promote achievement of the purposes of the Plan, and adopt such modifications, procedures,
and/or subplans (with any such subplans attached as appendices to the Plan) and the like as may be necessary or desirable to comply
with provisions of the laws or regulations of other countries or jurisdictions to ensure the viability of the benefits from stock
option or stock awards granted to Optionees or Participants employed in such countries or jurisdictions, or to meet the requirements
that permit the Plan to operate in a qualified or tax efficient manner, and/or comply with applicable foreign laws or regulations.

    	 	2	 

    	 	 	 

    

IV.            
ELIGIBILITY

A.   
The persons eligible to participate in the Plan are as follows:

(i)           
Employees,

(ii)           
non-employee members of the Board or the non-employee members of the board of directors of any Parent or Subsidiary, and

(iii)           
consultants and other independent advisors who provide services to the Corporation (or any Parent or Subsidiary).

V.               
STOCK SUBJECT TO THE PLAN

A.   
The stock issuable under the Plan shall be shares of authorized but unissued or reacquired Common Stock. The maximum number of
shares of Common Stock which may be issued under this Plan is: 600,000,000 shares of Common Stock (the "Share Limit")(subject
to adjustment as provided in Article One/Section V(C)); and

B.    
Shares of Common Stock subject to outstanding stock options shall be available for subsequent issuance under the Plan to the extent
(i) the stock options expire or terminate for any reason prior to exercise in full or (ii) the stock options are cancelled in
accordance with the cancellation/re-grant provisions of Article Two. Unvested shares issued under the Plan and subsequently repurchased
by the Corporation, at the stock option exercise price paid per share, pursuant to the Corporation’s repurchase rights under
the Plan shall be added back to the number of shares of Common Stock reserved for issuance under the Plan and shall accordingly
be available for reissuance through one or more subsequent stock option grants or direct stock issuances under the Plan.

C.    
Should any change be made to the Common Stock by reason of any stock split, stock dividend, recapitalization, combination of shares,
exchange of shares or other change affecting the outstanding Common Stock as a class without the Corporation’s receipt of
consideration, appropriate adjustments shall be made to (i) the Share Limit, (ii) the number and/or class of outstanding securities
issuable under the Plan, (iii) the number and/or class of securities available for awards, (iv) the number and/or class of securities
covered by each outstanding award and (v) the number and/or class of securities and the exercise price per share in effect under
each outstanding stock option in order to prevent the dilution or enlargement of benefits thereunder. The adjustments determined
by the Plan Administrator shall be final, binding and conclusive. In no event shall any such adjustments be made in connection
with the conversion of one or more outstanding shares of the Corporation’s preferred stock into shares of Common Stock.
Any adjustment of shares of Common Stock pursuant to this Article One, Section V(C) shall be rounded down to the nearest whole
number of shares of Common Stock. Under no circumstances shall the Corporation be required to authorize or issue fractional shares.
To the extent permitted by applicable law, no consideration shall be provided as a result of any fractional shares not being issued
or authorized.

    	 	3	 

    	 	 	 

    

VI.            
INDEMNIFICATION

To
the maximum extent permitted by applicable law, each member of the Plan Administrator, or of the Board, or any persons (including
without limitation Employees and officers) who are delegated by the Board or Plan Administrator to perform administrative functions
in connection with the Plan, shall be indemnified and held harmless by the Corporation against and from (i) any loss, cost,
liability, or expense that may be imposed upon or reasonably incurred by him or her in connection with or resulting from any claim,
action, suit, or proceeding to which he or she may be a party or in which he or she may be involved by reason of any action taken
or failure to act under the Plan or any award agreement, and (ii) from any and all amounts paid by him or her in settlement
thereof, with the Corporation’s approval, or paid by him or her in satisfaction of any judgment in any such claim, action,
suit, or proceeding against him or her, provided he or she shall give the Corporation an opportunity, at its own expense, to handle
and defend the same before he or she undertakes to handle and defend it on his or her own behalf. The foregoing right of indemnification
shall not be exclusive of any other rights of indemnification to which such persons may be entitled under the Corporation’s
articles of incorporation or bylaws, by contract, as a matter of law, or otherwise, or under any power that the Corporation may
have to indemnify them or hold them harmless.

VII.         
BENEFICIARIES

An
Optionee or Participant may designate one or more beneficiaries with respect to an award by timely filing the prescribed form
with the Corporation. A beneficiary designation may be changed by filing the prescribed form with the Corporation at any time
before the Participant’s or Optionee's death. If no beneficiary was designated or if no designated beneficiary survives
the Participant or Optionee, then after a Participant’s or Optionee's death any vested award(s) shall be transferred or
distributed to the Participant’s or Optionee's estate.

VIII.      
CALIFORNIA PARTICIPANTS

Awards
to California Participants shall also be subject to the following terms regarding the time period to exercise vested stock options
after termination of Service. These additional terms shall apply until such time that the shares of Common Stock are publicly
traded and/or the Corporation is subject to the reporting requirements of the 1934 Act: In the event of termination of an Optionee's
Service, (i) if such termination was for reasons other than death or Disability or cause, the Optionee shall have at least 30
days after the date of such termination to exercise any of his/her vested outstanding stock options (but in no event later than
the expiration of the term of such stock options established by the Plan Administrator as of the award date) or (ii) if such termination
was due to death or Disability, the Optionee shall have at least six months after the date of such termination to exercise any
of his/her vested outstanding stock options (but in no event later than the expiration of the term of such stock options established
by the Plan Administrator as of the award date). 

    	 	4	 

    	 	 	 

    

IX.            
CODE SECTION 409A

Notwithstanding
anything in the Plan to the contrary, the Plan and awards granted hereunder are intended to comply with the requirements of Code
Section 409A and shall be interpreted in a manner consistent with such intention. In the event that any provision of the Plan
or an award agreement is determined by the Plan Administrator to not comply with the applicable requirements of Code Section 409A
or the Treasury Regulations or other guidance issued thereunder, the Plan Administrator shall have the authority to take such
actions and to make such changes to the Plan or an award agreement as the Plan Administrator deems necessary to comply with such
requirements. Each payment to a Participant or Optionee made pursuant to this Plan shall be considered a separate payment and
not one of a series of payments for purposes of Code Section 409A. Notwithstanding the foregoing or anything elsewhere in the
Plan or an award agreement to the contrary, if upon a Participant’s or Optionee's Separation From Service he/she is then
a “specified employee” (as defined in Code Section 409A), then solely to the extent necessary to comply with Code
Section 409A and avoid the imposition of taxes under Code Section 409A, the Corporation shall defer payment of “nonqualified
deferred compensation” subject to Code Section 409A payable as a result of and within six (6) months following such Separation
From Service under this Plan until the earlier of (i) the first business day of the seventh month following the Participant’s
or Optionee's Separation From Service, or (ii) ten (10) days after the Corporation receives written confirmation of the Participant’s
or Optionee's death. Any such delayed payments shall be made without interest. In no event whatsoever shall the Corporation be
liable for any additional tax, interest or penalties that may be imposed on a Participant or Optionee by Code Section 409A or
any damages for failing to comply with Code Section 409A.

X.               
GENERAL

A.   
Electronic Communications. Subject to compliance with applicable law and/or regulations, an award agreement or other
documentation or notices relating to the Plan and/or awards may be communicated to Participants and Optionees by electronic media.

B.    
Unfunded Plan. Insofar as it provides for awards, the Plan shall be unfunded. Although bookkeeping accounts may
be established with respect to Participants or Optionees who are granted awards under this Plan, any such accounts will be used
merely as a bookkeeping convenience. The Corporation shall not be required to segregate any assets which may at any time be represented
by awards, nor shall this Plan be construed as providing for such segregation, nor shall the Corporation or the Plan Administrator
be deemed to be a trustee of stock or cash to be awarded under the Plan.

C.    
Liability of Corporation Plan. The Corporation (or members of the Board or Plan Administrator) shall not be liable
to a Participant or Optionee or other persons as to: (i) the non-issuance or sale of shares of Common Stock as to which the Corporation
has been unable to obtain from any regulatory body having jurisdiction the authority deemed by the Corporation's counsel to be
necessary to the lawful issuance and sale of any shares of Common Stock hereunder; and (ii) any unexpected or adverse tax consequence
or any tax consequence expected, but not realized, by any Participant or Optionee or other person due to the grant, receipt, exercise
or settlement of any award granted under this Plan.

D.   
Reformation. In the event any provision of this Plan shall be held illegal or invalid for any reason, such provisions
will be reformed by the Board if possible and to the extent needed in order to be held legal and valid. If it is not possible
to reform the illegal or invalid provisions then the illegality or invalidity shall not affect the remaining parts of this Plan,
and this Plan shall be construed and enforced as if the illegal or invalid provision had not been included.

    	 	5	 

    	 	 	 

    

E.    
Successor Provision. Any reference to a statute, rule or regulation, or to a section of a statute, rule or regulation,
is a reference to that statute, rule, regulation, or section as amended from time to time, both before and after the date the
Plan was adopted and including any successor provisions.

F.     
Governing Law. This Plan, and (unless otherwise provided in the Stock Option Award Agreement or Stock Issuance Agreement)
all awards, shall be construed in accordance with and governed by the laws of the State of California, but without regard to its
conflict of law provisions. The Plan Administrator may provide that any dispute as to any award shall be presented and determined
in such forum as the Plan Administrator may specify, including through binding arbitration. Unless otherwise provided in the Stock
Option Award Agreement or Stock Issuance Agreement, recipients of an award under the Plan are deemed to submit to the exclusive
jurisdiction and venue of the federal or state courts of California to resolve any and all issues that may arise out of or relate
to the Plan or any related Stock Option Award Agreement or Stock Issuance Agreement.

Article
Two

OPTION GRANT PROGRAM

I.                  
STOCK OPTION TERMS

Each
stock option shall be evidenced by a Stock Option Award Agreement between the Optionee and the Corporation in a form approved
by the Plan Administrator; provided, however, that each such agreement shall comply with the terms specified below. Each
document evidencing an Incentive Option shall, in addition, be subject to the provisions of the Plan applicable to such stock
options. The provisions of the various Stock Option Award Agreements entered into under the Plan need not be identical. The Stock
Option Award Agreement shall also specify whether the stock option is an Incentive Option and if not specified then the stock
option shall be a Non-Statutory Option. Additionally the Stock Option Award Agreement shall specify the number of shares of Common
Stock that are subject to the stock option, set forth the stock option's exercise price (pursuant to the terms specified below),
specify the date when all or any installment of the stock option is to become vested and/or exercisable and specify the term of
the stock option.

A.   
Exercise Price.

1.     
The exercise price per share shall be fixed by the Plan Administrator in accordance with the following provisions:

(i)           
The exercise price per share shall not be less than one hundred percent (100%) of the Fair Market Value per share of Common Stock
on the stock option grant date.

(ii)           
If the person to whom an Incentive Option is granted is a 10% Shareholder, then the exercise price per share shall not be less
than one hundred ten percent (110%) of the Fair Market Value per share of Common Stock on the Incentive Option grant date.

    	 	6	 

    	 	 	 

    

2.     
Unless the terms of the Award and/or the Stock Option Award Agreement provide for cashless exercise, the exercise price shall
become immediately due upon exercise of the stock option and shall, subject to the documents evidencing the stock option, be payable
in cash or check made payable to the Corporation or by a promissory note as described in Section I of Article Four. Should the
Common Stock be registered under Section 12(g) of the 1934 Act at the time the stock option is exercised, then the exercise price
may also be paid as follows:

(i)           
in shares of Common Stock held for the requisite period necessary to avoid a charge to the Corporation’s earnings for financial
reporting purposes and valued at Fair Market Value on the Exercise Date, or

(ii)           
to the extent the stock option is exercised for vested shares, through a special sale and remittance procedure pursuant to which
the Optionee shall concurrently provide irrevocable written instructions to the Corporation to deliver the certificates for
the purchased shares directly to such brokerage firm in order to complete the sale.

Except
to the extent such sale and remittance procedure is utilized, payment of the exercise price for the purchased shares must be made
on the Exercise Date.

B.    
Exercise and Term of Stock Options. Each stock option shall be exercisable at such time or times, during such period
and for such number of shares as shall be determined by the Plan Administrator and set forth in the documents evidencing the stock
option grant. However, no stock option shall have a term in excess of ten (10) years measured from the stock option grant date.

C.    
Effect of Termination of Service.

1.     
Unless the applicable Stock Option Award Agreement or employment agreement provides otherwise (and in such case, the Stock Option
Award Agreement or employment agreement shall govern as to the consequences of a termination of Service for such stock option
awards subject to the subsection (C)), the following provisions shall govern the exercise of any stock options held by the Optionee
at the time of cessation of Service or death:

(i)           
Should the Optionee cease to remain in Service for any reason other than Disability or death, then the Optionee shall have a period
of three (3) months following the date of such cessation of Service during which to exercise the vested portion of each outstanding
stock option held by such Optionee and all unvested portions of any outstanding stock option award shall be forfeited without
consideration as of the termination of Service date.

    	 	7	 

    	 	 	 

    

(ii)           
Should Optionee’s Service terminate by reason of Disability, then the Optionee shall have a period of twelve (12) months
following the date of such cessation of Service during which to exercise the vested portion of each outstanding stock option held
by such Optionee and all unvested portions of any outstanding stock option award shall be forfeited without consideration as of
the termination of Service date.

(iii)           
If the Optionee dies while holding an outstanding stock option, then the personal representative of his or her estate or the person
or persons to whom the stock option is transferred pursuant to the Optionee’s will or the laws of inheritance shall have
a twelve (12)-month period following the date of the Optionee’s death to exercise the vested portion of such stock option
and all unvested portions of any outstanding stock option award shall be forfeited without consideration as of the date of death.

(iv)           
Under no circumstances, however, shall any such stock option be exercisable after the specified expiration of the stock option
term.

(v)           
During the applicable post-Service exercise period, the stock option may not be exercised in the aggregate for more than the number
of vested shares for which the stock option is exercisable on the date of the Optionee’s cessation of Service. Upon the
expiration of the applicable exercise period or (if earlier) upon the expiration of the stock option term, the stock option shall
terminate and cease to be outstanding for any vested shares for which the stock option has not been exercised.

2.     
The Plan Administrator shall have the discretion, either at the time a stock option is granted or at any time while the stock
option remains outstanding, provided that such time is prior to the forfeiture of the stock option, to:

(i)           
extend the period of time for which the stock option is to remain exercisable following Optionee’s cessation of Service
or death from the limited period otherwise in effect for that stock option to such greater period of time as the Plan Administrator
shall deem appropriate, but in no event beyond the expiration of the stock option term, and/or

(ii)           
permit the stock option to be exercised, during the applicable post-Service exercise period, not only with respect to the number
of vested shares of Common Stock for which such stock option is exercisable at the time of the Optionee’s cessation of Service
but also with respect to one or more additional installments in which the Optionee would have vested under the stock option had
the Optionee continued in Service.

D.   
Shareholder Rights. The holder of a stock option shall have no shareholder rights with respect to the shares subject
to the stock option until such person shall have exercised the stock option, paid the exercise price and any applicable withholding
taxes and become a holder of record of the purchased shares.

    	 	8	 

    	 	 	 

    

E.    
Unvested Shares. The Plan Administrator shall have the discretion to grant stock options which are exercisable for
unvested shares of Common Stock. Should the Optionee cease Service while holding such unvested shares, the Corporation shall have
the right to repurchase, at the exercise price paid per share, all or (at the discretion of the Corporation and with the consent
of the Optionee) any of those unvested shares. The terms upon which such repurchase right shall be exercisable (including the
period and procedure for exercise and the appropriate vesting schedule for the purchased shares) shall be established by the Plan
Administrator and set forth in the document evidencing such repurchase right.

F.     
First Refusal Rights. Until such time as the Common Stock is first registered under Section 12(g) of the 1934
Act, the Corporation shall have the right of first refusal with respect to any proposed disposition by the Optionee (or any successor
in interest) of any shares of Common Stock issued under the Plan. Such right of first refusal shall be exercisable in accordance
with the terms established by the Plan Administrator and set forth in the document evidencing such right.

G.   
Limited Transferability of Stock Options. During the lifetime of the Optionee, the stock option shall be exercisable
only by the Optionee and shall not be assignable or transferable other than by will or by the laws of descent and distribution
following the Optionee’s death.

H.   
Withholding. The Corporation’s obligation to deliver shares of Common Stock upon the exercise of any stock
options granted under the Plan shall be subject to the satisfaction of all applicable federal, state and local income and employment
tax withholding requirements.

II.               
INCENTIVE OPTIONS

The
terms specified below shall be applicable to all Incentive Options. Except as modified by the provisions of this Section II, all
the provisions of the Plan shall be applicable to Incentive Options. Stock options which are specifically designated as Non-Statutory
Options shall not be subject to the terms of this Section II.

A.   
Eligibility. Incentive Options may only be granted to Employees.

B.    
Exercise Price. The exercise price per share shall not be less than one hundred percent (100%) of the Fair Market
Value per share of Common Stock on the stock option grant date.

C.    
Dollar Limitation. The aggregate Fair Market Value of the shares of Common Stock (determined as of the respective
date or dates of grant) for which one or more stock options granted to any Employee under the Plan (or any other stock option
plan of the Corporation or any Parent or Subsidiary) may for the first time become exercisable as Incentive Options during any
one (1) calendar year shall not exceed the sum of One Hundred Thousand Dollars ($100,000). To the extent the Employee holds two
(2) or more such stock options which become exercisable for the first time in the same calendar year, the foregoing limitation
on the exercisability of such stock options as Incentive Options shall be applied on the basis of the order in which such stock
options are granted. If and to the extent that any shares of Common Stock are issued under a portion of any Incentive Option that
exceeds the $100,000 limitation of Section 422 of the Code, such shares shall not be treated as issued under an Incentive Option
notwithstanding any designation otherwise. Certain decisions, amendments, interpretations and actions by the Plan Administrator
and certain actions by an Employee may cause an Incentive Option to cease to qualify as an Incentive Option pursuant to the Code
and by accepting an Incentive Option the Employee agrees in advance to such disqualifying action taken by either the Employee,
the Plan Administrator or the Corporation.

    	 	9	 

    	 	 	 

    

D.   
10% Shareholder. If any Employee to whom an Incentive Option is granted is a 10% Shareholder, then the stock option
term shall not exceed five (5) years measured from the stock option grant date.

III.            
CORPORATE TRANSACTION

A.   
The shares subject to each stock option outstanding under the Plan at the time of a Corporate Transaction shall automatically
vest in full so that each such stock option shall, immediately prior to the effective date of the Corporate Transaction, become
fully exercisable for all of the shares of Common Stock at the time subject to that stock option and may be exercised for any
or all of those shares as fully vested shares of Common Stock. However, the shares subject to an outstanding stock option shall
not vest on such an accelerated basis if and to the extent: (i) such stock option is assumed by the successor corporation
(or parent thereof) in the Corporate Transaction and the Corporation’s repurchase rights with respect to the unvested stock
option shares are concurrently assigned to such successor corporation (or parent thereof) or (ii) such stock option is to be replaced
with a cash incentive program of the successor corporation which preserves the spread existing on the unvested stock option shares
at the time of the Corporate Transaction and provides for subsequent payout in accordance with the same vesting schedule applicable
to those unvested stock option shares or (iii) the acceleration of such stock option is subject to other limitations imposed by
the Plan Administrator at the time of the stock option grant.

B.    
All outstanding repurchase rights shall also terminate automatically, and the shares of Common Stock subject to those terminated
rights shall immediately vest in full, in the event of any Corporate Transaction, except to the extent: (i) those repurchase rights
are assigned to the successor corporation (or parent thereof) in connection with such Corporate Transaction or (ii) such accelerated
vesting is precluded by other limitations imposed by the Plan Administrator at the time the repurchase right is issued.

C.    
Immediately following the consummation of the Corporate Transaction, all outstanding stock options shall terminate and cease to
be outstanding, except to the extent assumed by the successor corporation (or parent thereof).

D.   
Each stock option which is assumed in connection with a Corporate Transaction shall be appropriately adjusted, immediately after
such Corporate Transaction, to apply to the number and class of securities which would have been issuable to the Optionee in consummation
of such Corporate Transaction, had the stock option been exercised immediately prior to such Corporate Transaction. Appropriate
adjustments shall also be made to (i) the number and class of securities available for issuance under the Plan following the consummation
of such Corporate Transaction and (ii) the exercise price payable per share under each outstanding stock option, provided
the aggregate exercise price payable for such securities shall remain the same.

    	 	10	 

    	 	 	 

    

E.    
The Plan Administrator shall have the discretion, either at the time the stock option is granted or at any time while the stock
option remains outstanding, to provide for the automatic acceleration (in whole or in part) of one or more outstanding stock options
(and the automatic termination of one or more outstanding repurchase rights, with the immediate vesting of the shares of Common
Stock subject to those terminated rights) upon the occurrence of a Corporate Transaction, whether or not those stock options are
to be assumed or replaced (or those repurchase rights are to be assigned) in the Corporate Transaction.

F.     
The Plan Administrator shall also have full power and authority, either at the time the stock option is granted or at any time
while the stock option remains outstanding, to structure such stock option so that the shares subject to that stock option will
automatically vest on an accelerated basis should the Optionee’s Service terminate by reason of an Involuntary Termination
within a designated period (not to exceed eighteen (18) months) following the effective date of any Corporate Transaction in which
the stock option is assumed and the repurchase rights applicable to those shares do not otherwise terminate. Any such stock option
shall remain exercisable for the fully vested stock option shares until the earlier of (i) the expiration of the stock
option term or (ii) the expiration of the one (1)-year period measured from the effective date of the Involuntary Termination.
In addition, the Plan Administrator may provide that one or more of the outstanding repurchase rights with respect to shares held
by the Optionee at the time of such Involuntary Termination shall immediately terminate on an accelerated basis, and the shares
subject to those terminated rights shall accordingly vest.

G.   
The portion of any Incentive Option accelerated in connection with a Corporate Transaction shall remain exercisable as an Incentive
Option only to the extent the applicable One Hundred Thousand Dollar limitation is not exceeded. To the extent such dollar limitation
is exceeded, the accelerated portion of such stock option shall be exercisable as a Non-Statutory Option under the Federal tax
laws.

H.   
The grant of stock options under the Plan shall in no way affect the right of the Corporation to adjust, reclassify, reorganize
or otherwise change its capital or business structure or to merge, consolidate, dissolve, liquidate or sell or transfer all or
any part of its business or assets.

IV.            
CANCELLATION AND REGRANT OF STOCK OPTIONS

The
Plan Administrator shall have the authority to effect, at any time and from time to time, with the consent of the affected stock
option holders, the cancellation of any or all outstanding stock options under the Plan and to grant in substitution therefor
new stock options covering the same or different number of shares of Common Stock but with an exercise price per share based on
the Fair Market Value per share of Common Stock on the new stock option grant date.

    	 	11	 

    	 	 	 

    

Article
Three

STOCK ISSUANCE PROGRAM

I.                  
STOCK ISSUANCE TERMS

Shares
of Common Stock may be issued under the Stock Issuance Program through direct and immediate issuances without any intervening
stock option grants. Each such stock issuance shall be evidenced by a Stock Issuance Agreement which complies with the terms specified
below.

A.   
Purchase Price.

1.     
The purchase price per share shall be fixed by the Plan Administrator but shall not be less than eighty-five percent (85%) of
the Fair Market Value per share of Common Stock on the issue date. However, the purchase price per share of Common Stock issued
to a 10% Shareholder shall not be less than one hundred and ten percent (110%) of such Fair Market Value.

2.     
Shares of Common Stock may be issued under the Stock Issuance Program for any of the following items of consideration which the
Plan Administrator may deem appropriate in each individual instance:

(i)           
cash or check made payable to the Corporation;

(ii)           
past services rendered to the Corporation (or any Parent or Subsidiary); or

(iii)           
a promissory note as described in Section I of Article Four.

 

B.    
Vesting Provisions.

1.     
Shares of Common Stock issued under the Stock Issuance Program may, in the discretion of the Plan Administrator, be fully and
immediately vested upon issuance or may vest in one or more installments over the Participant’s period of Service or upon
attainment of specified performance objectives.

2.     
Any new, substituted or additional securities or other property (including money paid other than as a regular cash dividend) which
the Participant may have the right to receive with respect to the Participant’s unvested shares of Common Stock by reason
of any stock dividend, stock split, recapitalization, combination of shares, exchange of shares or other change affecting the
outstanding Common Stock as a class without the Corporation’s receipt of consideration shall be issued subject to (i) the
same vesting requirements applicable to the Participant’s unvested shares of Common Stock and (ii) such escrow arrangements
as the Plan Administrator shall deem appropriate.

    	 	12	 

    	 	 	 

    

3.     
The Participant shall have full shareholder rights with respect to any shares of Common Stock issued to the Participant under
the Stock Issuance Program, whether or not the Participant’s interest in those shares is vested. Accordingly, the Participant
shall have the right to vote such shares and to receive any regular cash dividends paid on such shares.

4.     
Should the Participant cease to remain in Service while holding one or more unvested shares of Common Stock issued under the Stock
Issuance Program or should the performance objectives not be attained with respect to one or more such unvested shares of Common
Stock, then those shares shall be immediately surrendered to the Corporation for cancellation, and the Participant shall have
no further shareholder rights with respect to those shares. To the extent the surrendered shares were previously issued to the
Participant for consideration paid in cash or cash equivalent (including the Participant’s purchase-money indebtedness),
the Corporation shall repay to the Participant the cash consideration paid for the surrendered shares and shall cancel the unpaid
principal balance of any outstanding purchase-money note of the Participant attributable to such surrendered shares.

5.     
The Plan Administrator may in its discretion waive the surrender and cancellation of one or more unvested shares of Common Stock
(or other assets attributable thereto) which would otherwise occur upon the non-completion of the vesting schedule applicable
to such shares. Such waiver shall result in the immediate vesting of the Participant’s interest in the shares of Common
Stock as to which the waiver applies. Such waiver may be effected at any time, whether before or after the Participant’s
cessation of Service or the attainment or non-attainment of the applicable performance objectives.

II.               
CORPORATE TRANSACTION

A.   
Upon the occurrence of a Corporate Transaction, all outstanding repurchase rights under the Stock Issuance Program shall terminate
automatically, and the shares of Common Stock subject to those terminated rights shall immediately vest in full, except to the
extent: (i) those repurchase rights are assigned to the successor corporation (or parent thereof) in connection with such Corporate
Transaction or (ii) such accelerated vesting is precluded by other limitations imposed by the Plan Administrator at the time the
repurchase right is issued.

B.    
The Plan Administrator shall have the discretionary authority, exercisable either at the time the unvested shares are issued or
any time while the Corporation’s repurchase rights with respect to those shares remain outstanding, to provide that those
rights shall automatically terminate on an accelerated basis, and the shares of Common Stock subject to those terminated rights
shall immediately vest, in the event the Participant’s Service should subsequently terminate by reason of an Involuntary
Termination within a designated period (not to exceed eighteen (18) months) following the effective date of any Corporate Transaction
in which those repurchase rights are assigned to the successor corporation (or parent thereof).

    	 	13	 

    	 	 	 

    

III.            
SHARE ESCROW/LEGENDS

Unvested
shares may, in the Plan Administrator’s discretion, be held in escrow by the Corporation until the Participant’s interest
in such shares vests or may be issued directly to the Participant with restrictive legends on the certificates evidencing those
unvested shares.

Article
Four

MISCELLANEOUS

I.                  
FINANCING

The
Plan Administrator may permit any Optionee or Participant to pay the stock option exercise price or the purchase price for shares
issued to such person under the Plan by delivering a full-recourse, interest-bearing promissory note payable in one or more installments
and secured by the purchased shares. However, any promissory note delivered by a consultant must be secured by property in addition
to the purchased shares of Common Stock. In no event shall the maximum credit available to the Optionee or Participant exceed
the sum of (i) the aggregate stock option exercise price or purchase price payable for the purchased shares plus (ii) any
federal, state and local income and employment tax liability incurred by the Optionee or the Participant in connection with the
stock option exercise or share purchase.

II.               
EFFECTIVE DATE AND TERM OF PLAN

A.   
The Plan shall become effective when adopted by the Board.

B.    
The Plan shall terminate upon the earliest of (i) the expiration of the ten (10) year period measured from the date the
Plan is adopted by the Board, (ii) the date on which all shares available for issuance under the Plan shall have been issued or
(iii) the termination of all outstanding stock options in connection with a Corporate Transaction. All stock options and unvested
stock issuances outstanding at that time under the Plan shall continue to have full force and effect in accordance with the provisions
of the documents evidencing such stock options or issuances.

III.            
AMENDMENT OF THE PLAN

A.   
The Board shall have complete and exclusive power and authority to amend or modify the Plan in any or all respects. However, no
such amendment or modification shall adversely affect the rights and obligations with respect to stock options or unvested stock
issuances at the time outstanding under the Plan unless the Optionee or the Participant consents to such amendment or modification.
In addition, certain amendments may require shareholder approval pursuant to applicable laws and regulations.

    	 	14	 

    	 	 	 

    

B.    
To the extent permitted by applicable law, stock options may be granted under the Option Grant Program and shares may be issued
under the Stock Issuance Program which are in each instance in excess of the number of shares of Common Stock then available for
issuance under the Plan, provided any excess shares actually issued under those programs shall be held in escrow until there is
obtained shareholder approval of an amendment sufficiently increasing the number of shares of Common Stock available for issuance
under the Plan. If such shareholder approval is not obtained within twelve (12) months after the date the first such excess issuances
are made, then (i) any unexercised stock options granted on the basis of such excess shares shall terminate and cease to be outstanding
and (ii) the Corporation shall promptly refund to the Optionees and the Participants the exercise or purchase price paid for any
excess shares issued under the Plan and held in escrow, together with interest (at the applicable Short Term Federal Rate) for
the period the shares were held in escrow, and such shares shall thereupon be automatically cancelled and cease to be outstanding.

IV.            
USE OF PROCEEDS

Any
cash proceeds received by the Corporation from the sale of shares of Common Stock under the Plan shall be used for general corporate
purposes.

V.               
WITHHOLDING

The
Corporation’s obligation to deliver shares of Common Stock upon the exercise of any stock options or upon the issuance or
vesting of any shares issued under the Plan shall be subject to the satisfaction of all applicable federal, state and local income
and employment tax withholding requirements.

VI.            
LIMITATIONS ON RIGHTS

A.   
Retention Rights. Neither the Plan nor any award granted under the Plan shall be deemed to give any individual a
right to remain in Service as an Employee, consultant, or non-employee director of the Corporation, a Parent or a Subsidiary or
to receive any future awards under the Plan. The Corporation and its Parents and Subsidiaries reserve the right to terminate the
Service of any person at any time, and for any reason, subject to applicable laws, the Corporation's articles of incorporation
and bylaws and a written employment agreement (if any).

B.    
Regulatory Approvals. The implementation of the Plan, the granting of any stock options under the Plan and the issuance
of any shares of Common Stock (i) upon the exercise of any stock option or (ii) under the Stock Issuance Program shall be subject
to the Corporation’s procurement of all approvals and permits required by regulatory authorities having jurisdiction over
the Plan, the stock options granted under it and the shares of Common Stock issued pursuant to it.

C.    
Clawback Policy. The Corporation may (i) cause the cancellation of any award, (ii) require reimbursement of any
award by a Participant or Optionee and (iii) effect any other right of recoupment of equity or other compensation provided under
this Plan or otherwise in accordance with Corporation policies and/or applicable law (each, a “Clawback Policy”).
In addition, a Participant or Optionee may be required to repay to the Corporation certain previously paid compensation, whether
provided under this Plan or an award agreement or otherwise, in accordance with the Clawback Policy.

VII.         
NO EMPLOYMENT OR SERVICE RIGHTS

Nothing
in the Plan shall confer upon the Optionee or the Participant any right to continue in Service for any period of specific duration
or interfere with or otherwise restrict in any way the rights of the Corporation (or any Parent or Subsidiary employing or retaining
such person) or of the Optionee or the Participant, which rights are hereby expressly reserved by each, to terminate such person’s
Service at any time for any reason, with or without cause.

    	 	15	 

    	 	 	 

    

APPENDIX

The
following definitions shall be in effect under the Plan:

A.               
Board shall mean the Corporation’s Board of Directors.

B.                
California Participants shall mean a Participant or Optionee whose award under the Plan was issued in reliance on
Section 25102(o) of the California Corporation Code.

C.                
Code shall mean the Internal Revenue Code of 1986, as amended.

D.               
Committee shall mean a committee of two (2) or more Board members appointed by the Board to exercise one or more
administrative functions under the Plan.

E.                
Common Stock shall mean the Corporation’s common stock.

F.                 
Corporate Transaction shall mean either of the following shareholder-approved transactions to which the Corporation
is a party:

(i)           
a merger or consolidation in which securities possessing more than fifty percent (50%) of the total combined voting power of the
Corporation’s outstanding securities are transferred to a person or persons different from the persons holding those securities
immediately prior to such transaction, or

(ii)           
the sale, transfer or other disposition of all or substantially all of the Corporation’s assets in complete liquidation
or dissolution of the Corporation.

G.               
Corporation shall mean Rich Pharmaceuticals, Inc., a Nevada corporation.

H.               
Disability shall mean the inability of the Optionee or the Participant to engage in any substantial gainful activity
by reason of any medically determinable physical or mental impairment which can be expected to result in death or which has lasted
or can expected to last for a continuous period of not less than twelve (12) months and shall be determined by the Plan Administrator
on the basis of such medical evidence as the Plan Administrator deems warranted under the circumstances.

I.                   
Employee shall mean an individual who is in the employ of the Corporation (or any Parent or Subsidiary), subject
to the control and direction of the employer entity as to both the work to be performed and the manner and method of performance.

J.                  
Exercise Date shall mean the date on which the Corporation shall have received written notice of the stock option
exercise.

    	 	16	 

    	 	 	 

    

K.                  Fair
Market Value per share of Common Stock on any relevant date shall be determined in accordance with the following provisions:

(i)           
If the Common Stock is at the time traded on the Nasdaq National Market, then the Fair Market Value shall be the closing selling
price per share of Common Stock on the date in question, as such price is reported by the National Association of Securities Dealers
on the Nasdaq National Market or any successor system. If there is no closing selling price for the Common Stock on the date in
question, then the Fair Market Value shall be the closing selling price on the last preceding date for which such quotation exists.

(ii)           
If the Common Stock is at the time listed on any Stock Exchange, then the Fair Market Value shall be the closing selling price
per share of Common Stock on the date in question on the Stock Exchange determined by the Plan Administrator to be the primary
market for the Common Stock, as such price is officially quoted in the composite tape of transactions on such exchange. If there
is no closing selling price for the Common Stock on the date in question, then the Fair Market Value shall be the closing selling
price on the last preceding date for which such quotation exists.

(iii)       If
the Common Stock is at the time neither listed on any Stock Exchange nor traded on the Nasdaq National Market, then the Fair Market
Value shall be determined by the Plan Administrator after taking into account such factors as the Plan Administrator shall deem
appropriate including the pricing of any recent equity or convertible debt capital raising the Company has completed or is proposed
to complete.

 

K.               
Incentive Option shall mean a stock option which satisfies the requirements of Code Section 422.

L.                
Involuntary Termination shall mean the termination of the Service of any individual which occurs by reason of:

(i)           
such individual’s involuntary dismissal or discharge by the Corporation for reasons other than Misconduct, or

(ii)           
such individual’s voluntary resignation following (A) a change in his or her position with the Corporation which materially
reduces his or her level of responsibility, (B) a reduction in his or her level of compensation (including base salary, fringe
benefits and target bonuses under any corporate-performance based bonus or incentive programs) by more than fifteen percent (15%)
or (C) a relocation of such individual’s place of employment by more than fifty (50) miles, provided and only if such change,
reduction or relocation is effected without the individual’s consent.

M.              
Misconduct shall mean the commission of any act of fraud, embezzlement or dishonesty by the Optionee or Participant,
any unauthorized use or disclosure by such person of confidential information or trade secrets of the Corporation (or any Parent
or Subsidiary), or any other intentional misconduct by such person adversely affecting the business or affairs of the Corporation
(or any Parent or Subsidiary) in a material manner. The foregoing definition shall not be deemed to be inclusive of all the acts
or omissions which the Corporation (or any Parent or Subsidiary) may consider as grounds for the dismissal or discharge of any
Optionee, Participant or other person in the Service of the Corporation (or any Parent or Subsidiary).

    	 	17	 

    	 	 	 

    

N.               
1934 Act shall mean the Securities Exchange Act of 1934, as amended.

O.               
Non-Statutory Option shall mean a stock option that is not an Incentive Option.

P.                 
Option Grant Program shall mean the stock option grant program in effect under the Plan.

Q.               
Optionee shall mean any person to whom a stock option is granted under the Plan.

R.                
Parent shall mean any corporation (other than the Corporation) in an unbroken chain of corporations ending with
the Corporation, provided each corporation in the unbroken chain (other than the Corporation) owns, at the time of the determination,
stock possessing fifty percent (50%) or more of the total combined voting power of all classes of stock in one of the other corporations
in such chain.

S.                 
Participant shall mean any person who is issued shares of Common Stock under the Stock Issuance Program.

T.                
Plan shall mean this Rich Pharmaceuticals, Inc. 2017 Stock Option/Stock Issuance Plan as it may be amended from
time to time.

U.               
Plan Administrator shall mean either the Board or the Committee acting in its capacity as administrator of the Plan.

V.               
Service shall mean the provision of services to the Corporation (or any Parent or Subsidiary) by a person in the
capacity of an Employee, a non-employee member of the board of directors or a consultant, except to the extent otherwise specifically
provided in the documents evidencing the stock option grant.

W.              
Stock Exchange shall mean either the American Stock Exchange or the New York Stock Exchange.

X.               
Stock Issuance Agreement shall mean the written agreement entered into by the Corporation and the Participant at
the time of issuance of shares of Common Stock under the Stock Issuance Program.

Y.               
Stock Issuance Program shall mean the stock issuance program in effect under the Plan.

Z.                
Stock Option Award Agreement shall mean the written agreement described in Article Two, Section I evidencing each
award of a stock option under the Plan.

AA.          
Subsidiary shall mean any corporation (other than the Corporation) in an unbroken chain of corporations beginning
with the Corporation, provided each corporation (other than the last corporation) in the unbroken chain owns, at the time of the
determination, stock possessing fifty percent (50%) or more of the total combined voting power of all classes of stock in one
of the other corporations in such chain.

BB.           
10% Shareholder shall mean the owner of stock (as determined under Code Section 424(d)) possessing more than ten
percent (10%) of the total combined voting power of all classes of outstanding stock of the Corporation (or any Parent or Subsidiary).

    	 	18

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