Document:

Exhibit 10.8

 

____________, 2021

Acies Acquisition Corp. II

1219 Morningside Drive, Suite 110

Manhattan Beach, CA 90266

 

	 	Re:	Initial Public Offering

 

Ladies and Gentlemen:

 

This letter (this “Letter Agreement”)
is being delivered to you in accordance with the Underwriting Agreement (the “Underwriting Agreement”)
entered into or proposed to be entered into by and among Acies Acquisition Corp. II, a Cayman Islands exempted company (the “Company”),
and J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and Oppenheimer & Co. Inc., as the representatives (the “Representatives”)
of the several underwriters (the “Underwriters”) named therein, relating to an underwritten initial public
offering (the “Public Offering”) of 28,750,000 of the Company’s units (including 3,750,000 units
that may be purchased pursuant to the Underwriters’ option to purchase additional units, the “Units”),
each comprising of one of the Company’s Class A ordinary shares, par value $0.0001 per share (the “Ordinary
Shares”), and one-quarter of one redeemable warrant (each whole warrant, a “Warrant”).
Each Warrant entitles the holder thereof to purchase one Ordinary Share at a price of $11.50 per share, subject to adjustment.
The Units will be sold in the Public Offering pursuant to a registration statement on Form S-1 and a prospectus (the
 “Prospectus”) filed by the Company with the U.S. Securities and Exchange Commission (the “Commission”).
Certain capitalized terms used herein are defined in paragraph 1 hereof.

 

In order to induce the Company and the
Underwriters to enter into the Underwriting Agreement and to proceed with the Public Offering and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, Acies Acquisition LLC II (the “Sponsor”)
and each of the undersigned (each, an “Insider” and, collectively, the “Insiders”)
hereby agree with the Company as follows:

 

1. Definitions. As used herein,
(i) “Business Combination” shall mean a merger, share exchange, asset acquisition, share purchase, reorganization
or similar business combination with one or more businesses or entities; (ii) “Founder Shares” shall
mean the 7,187,500 Class B ordinary shares of the Company, par value $0.0001 per share, outstanding prior to the consummation
of the Public Offering; (iii) “Private Placement Warrants” shall mean the warrants to purchase Ordinary
Shares of the Company that will be acquired by the Sponsor for an aggregate purchase price of $7,500,000 (or up to $8,250,000 if
the Underwriters’ exercise their option to purchase additional units), or $1.50 per Warrant, in a private placement that
shall close simultaneously with the consummation of the Public Offering (including Ordinary Shares issuable upon conversion thereof);
(iv) “Public Shareholders” shall mean the holders of Ordinary Shares included in the Units issued in
the Public Offering; (v) “Public Shares” shall mean the Ordinary Shares included in the Units issued
in the Public Offering; (vi) “Trust Account” shall mean the trust account into which a portion of the
net proceeds of the Public Offering and the sale of the Private Placement Warrants shall be deposited; (vii) “Transfer”
shall mean the (a) sale of, offer to sell, contract or agreement to sell, hypothecate, pledge, grant of any option to purchase
or otherwise dispose of or agreement to dispose of, directly or indirectly, or establishment or increase of a put equivalent position
or liquidation with respect to or decrease of a call equivalent position within the meaning of Section 16 of the Securities
Exchange Act of 1934, as amended, and the rules and regulations of the Commission promulgated thereunder with respect to, any security,
(b) entry into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences
of ownership of any security, whether any such transaction is to be settled by delivery of such securities, in cash or otherwise,
or (c) public announcement of any intention to effect any transaction specified in clause (a) or (b); and (viii) “Charter”
shall mean the Company’s Amended and Restated Memorandum and Articles of Association, as the same may be amended from time
to time.

 

2. Representations and Warranties.

 

(a) The Sponsor and each Insider,
with respect to itself, herself or himself, represent and warrant to the Company that it, she or he has the full right and
power, without violating any agreement to which it, she or he is bound (including, without limitation,
any non-competition or non-solicitation agreement with any employer or former employer), to enter into
this Letter Agreement, as applicable, and to serve as an officer of the Company and/or a director on the Company’s
Board of Director (the “Board”), as applicable, and each Insider hereby consents to being named in
the Prospectus, road show and any other materials as an officer and/or director of the Company, as applicable.

 

     

     

    

 

(b) Each Insider represents and warrants,
with respect to herself or himself, that such Insider’s biographical information furnished to the Company (including any
such information included in the Prospectus) is true and accurate in all material respects and does not omit any material information
with respect to such Insider’s background. The Insider’s questionnaire furnished to the Company is true and accurate
in all material respects. Each Insider represents and warrants that such Insider is not subject to or a respondent in any legal
action for, any injunction, cease-and-desist order or order or stipulation to desist or refrain from any act or practice
relating to the offering of securities in any jurisdiction; such Insider has never been convicted of, or pleaded guilty to, any
crime (i) involving fraud, (ii) relating to any financial transaction or handling of funds of another person, or (iii) pertaining
to any dealings in any securities and such Insider is not currently a defendant in any such criminal proceeding; and such Insider
has never been suspended or expelled from membership in any securities or commodities exchange or association or had a securities
or commodities license or registration denied, suspended or revoked.

 

3. Business Combination Vote.
It is acknowledged and agreed that the Company shall not enter into a definitive agreement regarding a proposed Business Combination
without the prior consent of the Sponsor. The Sponsor and each Insider, with respect to itself or herself or himself, agrees
that if the Company seeks shareholder approval of a proposed initial Business Combination, then in connection with such proposed
initial Business Combination, it, she or he, as applicable, shall vote all Founder Shares and any Public Shares held by it, her
or him, as applicable, in favor of such proposed initial Business Combination (including any proposals recommended by the Board
in connection with such Business Combination) and not redeem any Public Shares held by it, her or him, as applicable, in connection
with such shareholder approval.

 

4. Failure to Consummate a Business
Combination; Trust Account Waiver.

 

(a) The Sponsor and each Insider hereby
agree, with respect to itself, herself or himself, that in the event that the Company fails to consummate its initial Business
Combination within the time period set forth in the Charter, the Sponsor and each Insider shall take all reasonable steps to cause
the Company to (i) cease all operations except for the purpose of winding up; (ii) as promptly as reasonably possible
but not more than 10 business days thereafter, redeem 100% of the Public Shares, at a per-share price, payable in cash,
equal to the aggregate amount then on deposit in the Trust Account, including interest earned on the funds held in the Trust Account
and not previously released to the Company to pay taxes (less up to $100,000 of interest to pay dissolution expenses), divided
by the number of then outstanding Public Shares, which redemption will completely extinguish Public Shareholders’ rights
as shareholders (including the right to receive further liquidation distributions, if any); and (iii) as promptly as reasonably
possible following such redemption, subject to the approval of the Company’s remaining shareholders and the Board, liquidate
and dissolve, subject in the case of clauses (ii) and (iii) to the Company’s obligations under Cayman Islands law
to provide for claims of creditors and in all cases subject to the other requirements of applicable law. The Sponsor and each Insider
agree not to propose any amendment to the Charter (i) that would modify the substance or timing of the Company’s obligation
to provide holders of the Public Shares the right to have their shares redeemed in connection with an initial Business Combination
or to redeem 100% of the Public Shares if the Company does not complete an initial Business Combination within the required time
period set forth in the Charter or (ii) with respect to any provision relating to the rights of holders of Public Shares unless
the Company provides its Public Shareholders with the opportunity to redeem their Public Shares upon approval of any such amendment
at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including
interest earned on the funds held in the Trust Account and not previously released to the Company to pay taxes, if any, divided
by the number of then-outstanding Public Shares.

 

(b) The Sponsor and each Insider,
with respect to itself, herself or himself, acknowledges that it, she or he has no right, title, interest or claim of any
kind in or to any monies held in the Trust Account or any other asset of the Company as a result of any liquidation of the
Company with respect to the Founder Shares held by it, her or him, if any. The Sponsor and each of the Insiders hereby
further waive, with respect to any Founder Shares and Public Shares held by it, her or him, as applicable, any redemption
rights it, she or he may have in connection with the consummation of a Business Combination, including, without limitation,
any such rights available in the context of a shareholder vote to approve such Business Combination or a shareholder vote to
approve an amendment to the Charter (i) that would modify the substance or timing of the Company’s obligation to
provide holders of the Public Shares the right to have their shares redeemed in connection with an initial Business
Combination or to redeem 100% of the Public Shares if the Company has not consummated an initial Business Combination within
the time period set forth in the Charter or (ii) with respect to any provision relating to the rights of holders of
Public Shares (although the Sponsor and the Insiders shall be entitled to liquidation rights with respect to any Public
Shares they hold if the Company fails to consummate a Business Combination within the required time period set forth in the
Charter).

 

     

     

    

 

5. Lock-up; Transfer Restrictions.

 

(a) The Sponsor and the Insiders agree
that they shall not Transfer any Founder Shares (the “Founder Shares Lock-up”) until the earliest
of (A) one year after the completion of an initial Business Combination and (B) the date following the completion of
an initial Business Combination on which the Company completes a liquidation, merger, share exchange or other similar transaction
that results in all of the Company’s shareholders having the right to exchange their Ordinary Shares for cash, securities
or other property (the “Founder Shares Lock-up Period”). Notwithstanding the foregoing, if,
subsequent to a Business Combination, the closing price of the Ordinary Shares equals or exceeds $12.00 per share (as adjusted
for share sub-divisions, share capitalizations, share consolidations, reorganizations, recapitalizations and the like)
for any 20 trading days within a 30-trading day period commencing at least 150 days after the Company’s initial
Business Combination, the Founder Shares shall be released from the Founder Shares Lock-up.

 

(b) The Sponsor and Insiders agree that
they shall not effectuate any Transfer of Private Placement Warrants or Ordinary Shares underlying such warrants until 30 days
after the completion of an initial Business Combination.

 

(c) Notwithstanding the provisions set
forth in paragraphs 5(a) and (b), Transfers of the Founder Shares, Private Placement Warrants
and Ordinary Shares underlying the Private Placement Warrants are permitted (a) to the Company’s officers or directors,
any affiliate or family member of any of the Company’s officers or directors, any members or partners of the Sponsor or their
affiliates, any affiliates of the Sponsor, or any employees of such affiliates; (b) in the case of an individual, by gift
to a member of one of the individual’s immediate family or to a trust, the beneficiary of which is a member of the individual’s
immediate family, an affiliate of such person or to a charitable organization; (c) in the case of an individual, by virtue
of laws of descent and distribution upon death of the individual; (d) in the case of an individual, pursuant to a qualified
domestic relations order; (e) by private sales or transfers made in connection with any forward purchase agreement or similar
arrangement or in connection with the consummation of a Business Combination at prices no greater than the price at which the Founder
Shares, Private Placement Warrants or Ordinary Shares, as applicable, were originally purchased; (f) by virtue of the Sponsor’s
organizational documents upon liquidation or dissolution of the Sponsor; (g) to the Company for no value for cancellation
in connection with the consummation of an initial Business Combination; (h) in the event of the Company’s liquidation
prior to the completion of a Business Combination; or (i) in the event of completion of a liquidation, merger, share exchange
or other similar transaction which results in all of the Company’s Public Shareholders having the right to exchange their
Ordinary Shares for cash, securities or other property subsequent to the completion of an initial Business Combination; provided, however,
that in the case of clauses (a) through (f), these permitted transferees must enter into a written agreement agreeing to be
bound by these transfer restrictions.

 

(d) During the period commencing on the
effective date of the Underwriting Agreement and ending 180 days after such date, the Sponsor and each Insider shall not, without
the prior written consent of J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC, Transfer any Units, Ordinary Shares,
Warrants or any other securities convertible into, or exercisable or exchangeable for, Ordinary Shares held by it, her or him,
as applicable, subject to certain exceptions enumerated in Section 6(h) of the Underwriting Agreement.

 

6. Remedies. The Sponsor and
each of the Insiders hereby agree and acknowledge that (i) each of the Underwriters and the Company would be irreparably injured
in the event of a breach by the Sponsor or such Insider of its, her or his obligations, as applicable under paragraphs 3, 4, 5, 7, 10 and 11,
(ii) monetary damages may not be an adequate remedy for such breach and (iii) the non-breaching party shall be entitled
to injunctive relief, in addition to any other remedy that such party may have in law or in equity, in the event of such breach.

 

7. Payments by the Company.
Except as disclosed in the Prospectus, neither the Sponsor nor any affiliate of the Sponsor nor any director or officer of the
Company nor any affiliate of the officers shall receive from the Company any finder’s fee, reimbursement, consulting fee,
monies in respect of any payment of a loan or other compensation prior to, or in connection with any services rendered in order
to effectuate the consummation of the Company’s initial Business Combination (regardless of the type of transaction that
it is).

 

     

     

    

 

8. Director and Officer Liability
Insurance. The Company will maintain an insurance policy or policies providing directors’ and officers’ liability
insurance, and the Insiders shall be covered by such policy or policies, in accordance with its or their terms, to the maximum
extent of the coverage available for any of the Company’s directors or officers.

 

9. Termination. This Letter
Agreement shall terminate on the earlier of (i) the expiration of the Founder Shares Lock-up Period and (ii) the
liquidation of the Company.

 

10. Indemnification. In the
event of the liquidation of the Trust Account upon the failure of the Company to consummate its initial Business Combination within
the time period set forth in the Charter, the Sponsor (the “Indemnitor”) agrees to indemnify and hold
harmless the Company against any and all loss, liability, claim, damage and expense whatsoever (including, but not limited to,
any and all legal or other expenses reasonably incurred in investigating, preparing or defending against any litigation, whether
pending or threatened) to which the Company may become subject as a result of any claim by (i) any third party for services
rendered or products sold to the Company (except for the Company’s independent auditors) or (ii) any prospective target
business with which the Company has discussed entering into a transaction agreement (a “Target”); provided, however,
that such indemnification of the Company by the Indemnitor (x) shall apply only to the extent necessary to ensure that such
claims by a third party for services rendered or products sold to the Company or a Target do not reduce the amount of funds in
the Trust Account to below the lesser of (i) $10.00 per Public Share and (ii) the actual amount per Public Share held in the
Trust Account as of the date of the liquidation of the Trust Account if less than $10.00 per Public Share due to reductions in
the value of the trust assets, in each case net of interest that may be withdrawn to pay the Company’s tax obligations, (y) shall
not apply to any claims by a third party or Target who executed a waiver of any and all rights to the monies held in the Trust
Account (whether or not such waiver is enforceable) and (z) shall not apply to any claims under the Company’s indemnity
of the Underwriters against certain liabilities, including liabilities under the Securities Act of 1933, as amended. The Indemnitor
shall have the right to defend against any such claim with counsel of its choice reasonably satisfactory to the Company if, within
15 days following written receipt of notice of the claim to the Indemnitor, the Indemnitor notifies the Company in writing that
it shall undertake such defense.

 

11. Forfeiture of Founder Shares. To
the extent that the Underwriters do not exercise their option to purchase additional Units within 45 days from the date of the
Prospectus in full (as further described in the Prospectus), the Sponsor agrees to automatically surrender to the Company for no
consideration, for cancellation at no cost, an aggregate number of Founder Shares so that the number of Founder Shares will equal
of 20% of the sum of the total number of Ordinary Shares and Founder Shares outstanding at such time. The Sponsor and Insiders
further agree that to the extent that the size of the Public Offering is increased or decreased, the Company will effect a share
capitalization or a share repurchase, as applicable, with respect to the Founder Shares immediately prior to the consummation of
the Public Offering in such amount as to maintain the number of Founder Shares at 20% of the sum of the total number of Ordinary
Shares and Founder Shares outstanding at such time.

 

12. Entire Agreement. This
Letter Agreement constitutes the entire agreement and understanding of the parties hereto in respect of the subject matter hereof
and supersedes all prior understandings, agreements, or representations by or among the parties hereto, written or oral, to the
extent they relate in any way to the subject matter hereof or the transactions contemplated hereby. This Letter Agreement may not
be changed, amended, modified or waived (other than to correct a typographical error) as to any particular provision, except by
a written instrument executed by all parties hereto.

 

13. Assignment. No party hereto
may assign either this Letter Agreement or any of its rights, interests, or obligations hereunder without the prior written consent
of the other parties. Any purported assignment in violation of this paragraph shall be void and ineffectual and shall not operate
to transfer or assign any interest or title to the purported assignee. This Letter Agreement shall be binding on the Sponsor, each
of the Insiders and each of their respective successors, heirs, personal representatives and assigns and permitted transferees.

 

14. Counterparts. This Letter
Agreement may be executed in any number of original or facsimile counterparts, and each of such counterparts shall for all purposes
be deemed to be an original, and all such counterparts shall together constitute but one and the same instrument.

 

15. Effect of Headings. The
paragraph headings herein are for convenience only and are not part of this Letter Agreement and shall not affect the interpretation
thereof.

 

     

     

    

 

16. Severability. This Letter
Agreement shall be deemed severable, and the invalidity or unenforceability of any term or provision hereof shall not affect the
validity or enforceability of this Letter Agreement or of any other term or provision hereof. Furthermore, in lieu of any such
invalid or unenforceable term or provision, the parties hereto intend that there shall be added as a part of this Letter Agreement
a provision as similar in terms to such invalid or unenforceable provision as may be possible and be valid and enforceable.

 

17. Governing Law. This Letter
Agreement shall be governed by and construed and enforced in accordance with the laws of the State of New York, without giving
effect to conflicts of law principles that would result in the application of the substantive laws of another jurisdiction. The
parties hereto (i) all agree that any action, proceeding, claim or dispute arising out of, or relating in any way to, this
Letter Agreement shall be brought and enforced in the courts of New York City, in the State of New York, and irrevocably submit
to such jurisdiction and venue, which jurisdiction and venue shall be exclusive, and (ii) waive any objection to such exclusive
jurisdiction and venue or that such courts represent an inconvenient forum.

 

18. Notices. Any notice, consent
or request to be given in connection with any of the terms or provisions of this Letter Agreement shall be in writing and shall
be sent by express mail or similar private courier service, by certified mail (return receipt requested), by hand delivery or facsimile
transmission.

 

[Signature Page Follows]

 

     

     

    

 

	 	Sincerely,
	 
	 	ACIES ACQUISITION LLC II
	 	 
	 	 	By:	

	 	 	Name: Edward King
	 	 	Title: Managing Member

 

		By:	

	 	 	Name: Daniel Fetters

 

		By:	

	 	 	Name: Edward King

 

		By:	

	 	 	Name: James Murren

 

		By:	

	 	 	Name: Christopher Grove

 

		By:	

	 	 	Name: Zach Leonsis

 

		By:	

	 	 	Name: Brisa Trinchero

 

		By:	

	 	 	Name: Andrew Zobler

 

		By:	

	 	 	Name: Sam Kennedy

 

[Signature Page
to Letter Agreement]

 

     

     

    

 

	Acknowledged and Agreed:	 
	 	 
	ACIES ACQUISITION CORP. II	 

 

	By:	 	 
	 	Name: Daniel Fetters	 
	 	Title: Co-Chief Executive Officer	 

 

[Signature Page
to Letter Agreement]Exhibit 10.1

 

Execution Version

 

AMENDMENT NO. 3 TO CREDIT AGREEMENT

 

THIS AMENDMENT NO. 3
TO CREDIT AGREEMENT (this “Amendment”), dated as of February 22, 2021 (the “Amendment No. 3
Effective Date”), is entered into by and among ARCHROCK SERVICES, L.P., a Delaware limited partnership (the “Administrative
Borrower”) and ARCHROCK PARTNERS OPERATING LLC, a Delaware limited liability company (collectively, with the Administrative
Borrower, the “Borrowers” and individually a “Borrower”), the other Loan Parties party hereto,
the lenders party hereto (the “Consenting Lenders”), and JPMORGAN CHASE BANK, N.A., as Administrative Agent
for the Lenders (in such capacity, the “Administrative Agent”), as an Issuing Bank and as Swingline Lender.

 

WITNESSETH

 

WHEREAS, the Borrowers,
the Loan Parties from time to time party thereto, the lenders from time to time party thereto (the “Lenders”)
and the Administrative Agent are parties to a Credit Agreement, dated as of March 30, 2017 (as amended, restated, supplemented
or otherwise modified prior to the Amendment No. 3 Effective Date, the “Existing Credit Agreement”, and
the Existing Credit Agreement, as amended by the amendments set forth in Section 2 of this Amendment, the “Credit
Agreement”);

 

WHEREAS, pursuant to
the Existing Credit Agreement, the Lenders have made Revolving Loans to the Borrowers;

 

WHEREAS, the Borrower
has requested that (i) pursuant to Section 2.09(c) of the Existing Credit Agreement, the Aggregate Revolving Commitment
of the Lenders be reduced from $1,250,000,000 to $750,000,000 and (ii) certain terms of the Existing Credit Agreement be amended
as set forth herein;

 

WHEREAS, subject to and
upon the terms and conditions set forth herein, the Consenting Lenders have agreed to enter into this Amendment; and

 

WHEREAS, the Consenting
Lenders, which constitute Required Lenders, have agreed to amend the Existing Credit Agreement on the terms and conditions set
forth herein.

 

NOW, THEREFORE, in consideration
of the premises set forth above, the terms and conditions contained herein, and other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:

 

Section 1.     Defined
Terms. Capitalized terms used but not otherwise defined herein shall have the respective meanings assigned to them in the Credit
Agreement.

 

Section 2.     Amendments
to Existing Credit Agreement. Subject to the satisfaction of the conditions precedent set forth in Section 4 below,
on the Amendment No. 3 Effective Date, the Existing Credit Agreement shall be amended as follows:

 

(a)           Additional
Definitions. Section 1.01 of the Existing Credit Agreement shall be amended to add the following definitions to such Section in
appropriate alphabetical order:

 

    1

     

    

 

(i)            “Amendment
No. 3” means Amendment No. 3 to Credit Agreement dated as of February 22, 2021, among the Borrowers,
the Guarantors party thereto, the Lenders party thereto and the Administrative Agent.

 

(ii)            “Amendment
No. 3 Effective Date” has the meaning assigned to such term in Amendment No. 3.

 

(b)           Amended
and Restated Definition. The definition of “Aggregate Revolving Commitment” contained in Section 1.01
of the Existing Credit Agreement shall be amended and restated in its entirety to read in full as follows:

 

“ “Aggregate
Revolving Commitment” means, at any time, the aggregate of the Revolving Commitments of all of the Lenders, as increased
or reduced from time to time pursuant to the terms and conditions hereof. As of the Amendment No. 3 Effective Date, the Aggregate
Revolving Commitment is $750,000,000.”

 

(c)            Amended
Definitions. The definitions of “Commitment”, “Commitment Schedule”, and “Revolving
Commitment” contained in Section 1.01 of the Existing Credit Agreement are hereby amended to replace each reference
to “Amendment No. 2 Effective Date” therein with “Amendment No. 3 Effective Date”
in lieu thereof.

 

(d)           Section 6.05
of the Existing Credit Agreement shall be amended by inserting the following phrase at the end thereof:

 

“Upon
a sale, transfer or other disposition of any Collateral to a non-Loan Party that is expressly permitted by this Agreement, such
Collateral shall automatically be released from the Liens created by the Collateral Documents.”

 

(e)           Clauses
(b) and (c) of Section 6.12 of the Existing Credit Agreement shall be amended and restated in their entirety to
read in full as follows:

 

“(b)     Total
Leverage Ratio. Parent and the Borrowers will not permit the Total Leverage Ratio, as of the end of any fiscal quarter, to
be greater than the ratio set forth below opposite each such period:

 

	Period	 	Total Leverage Ratio
	Each fiscal quarter ending March 31, 2017 through December 31, 2018	 	5.95 to 1.00
	Each fiscal quarter ending March 31, 2019 through December 31, 2019	 	5.75 to 1.00
	The fiscal quarters ending March 31, 2020 and June 30, 2020	 	5.50 to 1.00
	The fiscal quarters ending September 30, 2020 and December 31, 2020	 	5.25 to 1.00
	Each fiscal quarter ending March 31, 2021 through December 31, 2022	 	5.75 to 1.00
	Each fiscal quarter ending March 31, 2023 through September 30, 2023	 	5.50 to 1.00
	Each fiscal quarter thereafter	 	5.25 to 1.00

 

    2

     

    

 

;
provided, that if a Specified Acquisition occurs during any fiscal quarter ending after September 30, 2023,
Parent may increase its Total Leverage Ratio to be no greater than 5.50 to 1.00 for such fiscal quarter and the first two (2) fiscal
quarters after the fiscal quarter in which such Specified Acquisition occurs.

 

(c)            Senior
Secured Leverage Ratio. Parent and the Borrowers will not permit the Senior Secured Leverage Ratio of Parent and its Restricted
Subsidiaries, (i) as of the end of any fiscal quarter commencing with first fiscal quarter ending after the Effective Date
through and including the fiscal quarter ending December 31, 2020, to be greater than 3.50 to 1.00 and (ii) as of the
end of the fiscal quarter ending March 31, 2021 and each fiscal quarter thereafter, to be greater than 3.00 to 1.00.”

 

(f)           The
Commitment Schedule shall be replaced in its entirety with the Commitment Schedule set forth on Annex I hereto.

 

Section 3.     Decrease
in Aggregate Revolving Commitment. Pursuant to Section 2.09 of the Credit Agreement, the Administrative Borrower has notified
the Administrative Agent of its election to reduce the Aggregate Revolving Commitment by $500,000,000. Promptly following receipt
of such notice, the Administrative Agent advised the Lenders of the contents thereof. The Borrowers hereby represent and warrant
to the Lenders that after giving effect to such reduction of the Aggregate Revolving Commitment, the Aggregate Revolving Exposure
will not exceed the lesser of the Aggregate Revolving Commitment and the Borrowing Base. Accordingly, the Aggregate Revolving Commitment,
which, prior to giving effect to this Amendment, was $1,250,000,000, is hereby reduced by $500,000,000, so that after giving effect
to this Amendment, the Aggregate Revolving Commitment shall be $750,000,000. Such reduction of the Revolving Commitments shall
be made ratably among the Lenders in accordance with their respective Revolving Commitments, as set forth on the Commitment Schedule
which has been amended pursuant to Section 2(f) hereof, as set forth on Annex I hereto.

 

Section 4.     Conditions
to Amendment No. 3 Effective Date. The amendments to the Existing Credit Agreement set forth in Section 2
of this Amendment are subject to the satisfaction of each of the following conditions precedent:

 

(a)          Counterparts.   The
Administrative Agent shall have received counterparts of this Amendment (including by facsimile or other electronic transmission),
duly executed by each Loan Party, the Administrative Agent and the Lenders constituting Required Lenders;

 

    3

     

    

 

(b)          Fees.
The Administrative Agent shall have received all fees required to be paid and all expenses (including the reasonable and documented
out-of-pocket fees and expenses of legal counsel to the Administrative Agent) for which invoices have been presented at least two
(2) Business Days prior to the Amendment No. 3 Effective Date; and

 

(c)           Amendment
Fees. The Administrative Agent shall have received, for the account of each Consenting Lender, a non-refundable amendment fee
in an aggregate amount for each such Consenting Lender equal to twenty basis points (0.20%) of such Consenting Lender’s Commitment
after giving effect to the decrease in the Aggregate Revolving Commitment set forth in Section 3 of this Amendment.

 

Section 5.     Representations
and Warranties.

 

(a)           Ratification
and Affirmation. Each Loan Party hereto hereby: (i) acknowledges the terms of this Amendment; (ii) ratifies and affirms
its obligations under, and acknowledges, renews and extends its continued liability under, each Loan Document to which it is a
party and agrees that each Loan Document to which it is a party remains in full force and effect, except as expressly amended hereby,
after giving effect to the amendments contained herein; (iii) represents and warrants to the Administrative Agent and the
Lenders that as of the date hereof, after giving effect to the amendments set forth in Section 2 of this Amendment:
(A) each of the representations and warranties in the Loan Documents is true and correct in all material respects (without
duplication of any materiality qualifier contained therein) (it being understood and agreed that any representation or warranty
which by its terms is made as of a specified date shall be required to be true and correct in all material respects only as of
such specified date, without duplication of any materiality qualifier contained therein) and (B) no Default exists, will exist,
or would result therefrom; and (iv) represents and warrants that as of the Amendment No. 3 Effective Date, to its knowledge,
the information included in any Beneficial Ownership Certification provided on or prior to the Amendment No. 3 Effective Date
to any Lender in connection with this Amendment is true and correct in all material respects. It is the intention of the parties
hereto that neither this Amendment nor anything contained herein constitute a novation of the obligations outstanding under the
Existing Credit Agreement or any Collateral securing the same, all of which shall remain in full force and effect after the date
hereof, as amended hereby. If, notwithstanding the intention of the parties set forth in the previous sentence, this Amendment
or the transactions contemplated hereby are deemed to constitute a novation of the obligations outstanding under the Existing Credit
Agreement or any Collateral securing the same, then, as collateral security for the Secured Obligations, each Loan Party hereby
grants to the Administrative Agent for the benefit of the Secured Parties a lien on and security interest in, and right of set-off
against, and acknowledges and agrees that the Administrative Agent has and shall continue to have until the Termination Date for
the benefit of the Secured Parties a continuing lien on and security interest in, and right of set-off against, all right, title,
and interest of such Loan Party, whether now owned or existing or hereafter created, acquired or arising, in and to all of the
Collateral.

 

    4

     

    

 

(b)          Corporate
Authority; Enforceability; No Conflicts. Each Loan Party hereto hereby represents and warrants to the Administrative Agent
and the Lenders that (i) it has all necessary power and authority to execute, deliver and perform its obligations under this
Amendment; (ii) the execution, delivery and performance by such Loan Party of this Amendment has been duly authorized by all
necessary action on its part; (iii) this Amendment has been duly executed and delivered by such Loan Party and constitutes
the legal, valid and binding obligation of such Loan Party in accordance with its terms, subject to applicable bankruptcy, insolvency,
reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity,
regardless of whether considered in a proceeding in equity or at law; (iv) the execution and delivery of this Amendment by
such Loan Party and the performance of its obligations hereunder require no authorizations, approvals or consents of, or registrations
or filings with, any Governmental Authority, except for those that have been obtained or made and are in effect; and (v) neither
the execution and delivery of this Amendment nor the transactions contemplated hereby will (A) contravene, or result in a
breach of, the organizational documents of such Loan Party, (B) violate any governmental requirement applicable to or binding
upon such Loan Party or any of its properties, except to the extent that any such violation, individually or in the aggregate,
would not reasonably be expected to have a Material Adverse Effect, or (C) violate or result in a default under any agreement
or instrument to which such Loan Party is a party (other than any agreement or instrument the contravention of which or breach
of which could not reasonably be expected to be materially adverse to any Secured Party) or by which it is bound or to which its
properties are subject, except to the extent that any such violation or default, individually or in the aggregate, would not reasonably
be expected to have a Material Adverse Effect.

 

Section 6.     Effect
of Amendment. From and after the Amendment No. 3 Effective Date, each reference in the Existing Credit Agreement to “this
Agreement”, “hereof”, or “hereunder” or words of like import, and all references to the “Credit
Agreement” in the Loan Documents and any and all other agreements, instruments, documents, notes, certificates, guaranties
and other writings of every kind and nature shall be deemed to mean the Credit Agreement.

 

Section 7.     GOVERNING
LAW. THIS AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS OF THE STATE OF TEXAS, BUT GIVING
EFFECT TO FEDERAL LAWS APPLICABLE TO NATIONAL BANKS.

 

Section 8.     Headings.
Section headings in this Amendment are included herein for convenience of reference only and shall not constitute a part of
this Amendment for any other purpose.

 

Section 9.     Severability.
In the event any one or more of the provisions contained in this Amendment should be held invalid, illegal, or unenforceable in
any respect, the validity, legality and enforceability of the remaining provisions contained herein, to the full extent permitted
by applicable law, shall not in any way be affected or impaired thereby (it being understood that the invalidity of a particular
provision in a particular jurisdiction shall not in and of itself affect the validity of such provision in any other jurisdiction).
The parties shall endeavor in good-faith negotiations to replace the invalid, illegal, or unenforceable provisions with valid provisions
the economic effect of which comes as close as possible to that of the invalid, illegal, or unenforceable provisions.

 

    5

     

    

 

Section 10.    No
Waiver; Loan Document. Except as expressly provided herein, the execution, delivery and effectiveness of this Amendment (or
any provision hereof) shall not operate as a waiver of any right, power or remedy of the Administrative Agent or the Lenders, nor
constitute a waiver of any provision of the Existing Credit Agreement. This Amendment shall be, and shall be construed and administered
as, a Loan Document under the Credit Agreement.

 

Section 11.    Successors
and Assigns. All of the terms and provisions of this Amendment shall bind and inure to the benefit of the parties hereto and
their respective successors and assigns.

 

Section 12.    Counterparts;
Integration; Effectiveness. This Amendment may be executed by one or more of the parties hereto in any number of separate counterparts,
and all of such counterparts taken together shall be deemed to constitute one and the same instrument. Delivery of an executed
counterpart of a signature page of this Amendment by telecopy, e-mailed .pdf or any other electronic means that reproduces
an image of the actual executed signature page shall be effective as delivery of a manually executed counterpart of this Amendment.
The words “execution,” “signed,” “signature,” “delivery,” and words of like import
in or relating to any document to be signed in connection with this Amendment and the transactions contemplated hereby shall be
deemed to include Electronic Signatures, deliveries or the keeping of records in electronic form, each of which shall be of the
same legal effect, validity or enforceability as a manually executed signature, physical delivery thereof or the use of a paper-based
recordkeeping system, as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic
Signatures in Global and National Commerce Act, or any other applicable state laws based on the Uniform Electronic Transactions
Act; provided that nothing herein shall require the Administrative Agent to accept Electronic Signatures in any form or
format without its prior written consent. This AMENDMENT,
the Credit Agreement and the other Loan Documents executed in connection herewith and therewith represent the final agreement AMONG
the parties RELATING to the SUBJECT MATTER HEREOF AND THEREOF and may not be contradicted by evidence of prior, contemporaneous
or unwritten oral agreements of the parties. There are no oral agreements between the parties. Subject to the terms and
conditions set forth herein, this Amendment shall become effective on the Amendment No. 3 Effective Date.

 

[Signature Pages Follow]

 

    6

     

    

 

IN WITNESS WHEREOF, this Amendment has been
duly executed as of the day and year first above written.

 

	 	BORROWERS:
	 	 
	 	ARCHROCK PARTNERS OPERATING LLC
	 	ARCHROCK SERVICES, L.P.
	 	 	 
	 	By:	/s/ Douglas S. Aron
	 	Name:	Douglas S. Aron
	 	Title: 	Senior Vice President and Chief Financial Officer
	 	 	 
	 	 	 
	 	OTHER LOAN PARTIES:
	 	 	 
	 	ARCHROCK, INC.
	 	ARCHROCK PARTNERS FINANCE CORP.

 ARCHROCK PARTNERS LEASING LLC AROC CORP.
	 	AROC SERVICES GP LLC
	 	AROC SERVICES LP LLC
	 	ARCHROCK SERVICES LEASING LLC ARCHROCK GP LLC
	 	ARCHROCK PARTNERS CORP.
	 	 	 
	 	By: 	/s/ Douglas S. Aron
	 	Name: 	Douglas S. Aron
	 	Title:	Senior Vice President and Chief Financial Officer

 

Signature Page to Amendment No. 3
to Credit Agreement

 

    

     

    

 

	 	ARCHROCK PARTNERS, L.P.
	 	By: ARCHROCK GP LLC, its General Partner
	 	 	 
	 	By:	/s/ Douglas S. Aron
	 	Name: 	Douglas S. Aron
	 	Title: 	Senior Vice President and Chief Financial Officer
	 	 	 
	 	 	 
	 	ARCHROCK GENERAL PARTNER, L.P.
	 	 	 
	 	By: ARCHROCK GP LLC, its General Partner
	 	 	 
	 	By:	/s/ Douglas S. Aron
	 	Name: 	Douglas S. Aron
	 	Title: 	Senior Vice President and Chief Financial Officer

 

Signature Page to Amendment No. 3
to Credit Agreement

 

    

     

    

 

	 	ARCHROCK GP LP LLC
	 	 	 
	 	By: 	/s/ Pamela Jasinski
	 	Name: 	Pamela Jasinski
	 	Title: 	Manager
	 	 	 
	 	ARCHROCK MLP LP LLC
	 	 	 
	 	By:	/s/ Pamela Jasinski
	 	Name: 	Pamela Jasinski
	 	Title:	Manager

 

Signature Page to Amendment No. 3
to Credit Agreement

 

    

     

    

 

	 	JPMORGAN CHASE BANK, N.A.,
	 	as Administrative Agent, an Issuing Bank, Swingline Lender, and a Lender
	 	 	 
	 	By:	/s/ Anca Loghin
	 	Name: 	Anca Loghin
	 	Title:	Authorized Officer

 

Signature Page to Amendment No. 3
to Credit Agreement

 

    

     

    

 

	 	WELLS FARGO BANK, NATIONAL ASSOCIATION,
	 	as a Lender and an Issuing Bank
	 	 	 
	 	By:	/s/ Michael Janak
	 	Name:	Michael Janak
	 	Title:	Managing Director

 

Signature Page to Amendment No. 3
to Credit Agreement

 

    

     

    

 

	 	BANK OF AMERICA, N.A.,
	 	as a Lender
	 	 	 
	 	By:	/s/ Ajay Jagsi
	 	Name:	Ajay Jagsi
	 	Title:	Vice President

 

Signature Page to Amendment No. 3
to Credit Agreement

 

    

     

    

 

	 	ROYAL BANK OF CANADA,
	 	as a Lender
	 	 
	 	 
	 	By: 	/s/ Kristan
    Spivey
	 	Name: 	Kristan Spivey
	 	Title:	Authorized Signatory

 

Signature
Page to Amendment No. 3 to Credit Agreement

 

    

     

    

 

	 	REGIONS BANK,
	 	as a Lender
	 	 
	 	 
	 	By: 	/s/ Gregory
    Garbuz
	 	Name: 	Gregory Garbuz
	 	Title: 	Director

 

Signature
Page to Amendment No. 3 to Credit Agreement

 

    

     

    

 

	 	THE BANK OF NOVA SCOTIA, HOUSTON BRANCH,
	 	as a Lender
	 	 
	 	By:	 /s/ Scott Nickel
	 	Name: 	Scott Nickel
	 	Title: 	Director

 

Signature
Page to Amendment No. 3 to Credit Agreement

 

    

     

    

 

	 	THE TORONTO-DOMINION BANK, NEW YORK BRANCH,
	 	as a Lender
	 	 
	 	 
	 	By: 	/s/ Maria
    Macchiaroli
	 	Name:	 Maria Macchiaroli
	 	Title: 	Authorized Signatory

 

Signature
Page to Amendment No. 3 to Credit Agreement

 

    

     

    

 

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

 

Signature
Page to Amendment No. 3 to Credit Agreement

 

    

     

    

 

	 	TRUIST BANK, formerly known as BRANCH BANKING & TRUST COMPANY
	 	as a Lender
	 	 
	 	 
	 	By: 	/s/ Brian
    O’Fallon
	 	Name: 	Brian O’Fallon
	 	Title: 	Director

 

Signature
Page to Amendment No. 3 to Credit Agreement

 

    

     

    

 

	 	SUMITOMO MITSUI BANKING CORPORATION,
	 	as a Lender
	 	 
	 	 
	 	By:	 /s/ Michael Maguire
	 	Name: 	Michael Maguire
	 	Title: 	Managing Director

 

Signature
Page to Amendment No. 3 to Credit Agreement

 

    

     

    

 

	 	CIT BANK, N.A.,
	 	as a Lender
	 	 
	 	 
	 	By:	 /s/ Stewart McLeod
	 	Name: 	Stewart McLeod
	 	Title: 	Director 

 

Signature
Page to Amendment No. 3 to Credit Agreement

 

    

     

    

 

	 	NYCB SPECIALTY FINANCE COMPANY, LLC,
	 	as a New Lender
	 	 
	 	 
	 	By: 	/s/ William
    D. Dickerson, Jr.
	 	Name: 	William D. Dickerson, Jr.
	 	Title: 	Senior Vice President 

 

Signature
Page to Amendment No. 3 to Credit Agreement

 

    

     

    

 

	 	FIFTH THIRD BANK, NATIONAL ASSOCIATION
	 	as a New Lender
	 	 
	 	 
	 	By: 	/s/ William Kane
	 	Name: 	William Kane
	 	Title: 	Vice President

 

Signature
Page to Amendment No. 3 to Credit Agreement

 

    

     

    

 

	 	BBVA USA,
	 	as a Lender
	 	 
	 	 
	 	By:	/s/ Mark H. Wolf
	 	Name:	Mark H. Wolf
	 	Title:	Senior Vice President

 

Signature
Page to Amendment No. 3 to Credit Agreement

 

    

     

    

 

	 	PNC BANK NATIONAL ASSOCIATION,
	 	as a Lender
	 	 
	 	 
	 	By:	/s/ Jennifer L. Shafer
	 	Name:	Jennifer L. Shafer
	 	Title:	Vice President

 

Signature
Page to Amendment No. 3 to Credit Agreement

 

    

     

    

 

	 	CATERPILLAR FINANCIAL SERVICES CORPORATION,
	 	as a Lender
	 	 
	 	 
	 	By:	/s/ Landon Gracey
	 	Name:	Landon Gracey
	 	Title:	Global Credit & Operations Manager

 

Signature
Page to Amendment No. 3 to Credit Agreement

 

    

     

    

 

	 	RAYMOND JAMES BANK N.A.,
	 	as a Lender
	 	 
	 	 
	 	By:	/s/ Mark Specht
	 	Name:	Mark Specht
	 	Title:	Vice President

 

Signature
Page to Amendment No. 3 to Credit Agreement

 

    

     

    

 

	 	FIRST HORIZON BANK,
	 	as a Lender
	 	 
	 	 
	 	By:	/s/ Will Tosch
	 	Name:	Will Tosch
	 	Title:	AVP

 

Signature
Page to Amendment No. 3 to Credit Agreement

 

    

     

    

 

	 	STERLING NATIONAL BANK,
	 	as a Lender
	 	 
	 	 
	 	By:	/s/ Mark J. Long
	 	Name:	Mark J. Long
	 	Title:	Managing Director

 

Signature
Page to Amendment No. 3 to Credit Agreement

 

    

     

    

 

ANNEX I

 

COMMITMENT SCHEDULE

 

	Lender	 	Revolving

 Commitment	 	 	Percentage	 
	JPMorgan Chase Bank, N.A.	 	$	105,000,000	 	 	 	14	%
	Wells Fargo Bank, National Association	 	$	69,000,000	 	 	 	9.2	%
	Bank of America, N.A.	 	$	57,000,000	 	 	 	7.6	%
	Royal Bank of Canada	 	$	57,000,000	 	 	 	7.6	%
	Regions Bank	 	$	57,000,000	 	 	 	7.6	%
	The Bank of Nova Scotia, Houston Branch	 	$	57,000,000	 	 	 	7.6	%
	The Toronto-Dominion Bank, New York Branch	 	$	57,000,000	 	 	 	7.6	%
	Citibank N.A.	 	$	57,000,000	 	 	 	7.6	%
	Truist Bank (formerly known as Branch Banking and Trust Company)	 	$	42,000,000	 	 	 	5.6	%
	Sumitomo Mitsui Banking Corporation	 	$	27,000,000	 	 	 	3.6	%
	CIT Bank N.A.	 	$	24,000,000	 	 	 	3.2	%
	NYCB Specialty Finance Company, LLC	 	$	21,000,000	 	 	 	2.8	%
	Fifth Third Bank	 	$	21,000,000	 	 	 	2.8	%
	BBVA USA	 	$	21,000,000	 	 	 	2.8	%
	PNC Bank, National Association	 	$	18,000,000	 	 	 	2.4	%
	Caterpillar Financial Services Corporation	 	$	18,000,000	 	 	 	2.4	%
	Raymond James Bank, N.A.	 	$	18,000,000	 	 	 	2.4	%
	First Horizon Bank	 	$	12,000,000	 	 	 	1.6	%
	Sterling National Bank	 	$	12,000,000	 	 	 	1.6	%
	Total	 	$	750,000,000	 	 	 	100	%

 

Annex
I – Commitment Schedule

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00321-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00321-of-00352.parquet"}]]