Document:

ex101.htm

PURCHASE AGREEMENT

PROJECT NAME:   OVERSTREET  LEASE

Located in: MONROE COUNTY, KENTUCKY and CLAY COUNTY, TENNESSEE

Total Acreage: 597 +/- acres

100% Working Interest, 80% Net Revenue Interest

THIS Purchase Agreement is made and entered into on this 20th day of April 2015, by and between the undersigned, Solo International, Inc., whose address is 871 Coronado Center Drive, Suite 200, Henderson, NV 89052, hereinafter referred to as “SOLO”, and OMR Drilling and Acquisition LLC, a Kentucky corporation, whose address is 5405 S. Highway 127, Albany, Kentucky, hereinafter referred to as “OMR DRILLING”.

WITNESSETH

WHEREAS, OMR DRILLING has owns a certain Oil, Gas and Mineral Lease (the “Lease”) in and to lands situated in the counties and states noted hereinabove in an area known to the parties hereto by the project name noted hereinabove; and,

WHEREAS, SOLO desires to purchase said lease.

 

NOW, THEREFORE, in consideration of the premises, the parties hereto do hereby agree and stipulate as follows, to-wit:

 

	
1.  

	
SOLO agrees to pay to OMR DRILLING the amount of $25,000USD within 90 days in order to complete the purchase of said lease.

 

	
2.  

	
SOLO agrees and accepts the conditions of this Agreement and further acknowledges that the oil and gas business is inherently risky and that all or part of any investment on this project may be lost. With this in mind, OMR DRILLING makes no representation or guarantee regarding any amount of possible oil or gas production or the numerous risks in connection with an investment in this project.  SOLO further states that it can withstand the total loss of investment without causing a change in lifestyle.

	
3.  

	
This Agreement embodies the entire agreement between the parties hereto, and supersedes any and all prior negotiations or agreements in regard thereto.  No alteration or extensions of this Agreement shall be binding unless in writing and signed by the parties hereto.

	
4.  

	
The parties hereto acknowledge that they have read the above and foregoing Agreement thoroughly, that there has been adequate opportunity to consult legal counsel concerning this Agreement and that they have executed the same freely and voluntarily on the date hereof.

 

 

  

1

  

IN WITNESS WHEREOF, this Agreement has been agreed to and signed by each of the parties hereto, as of the day first above written.

 

 

                                                                                 Solo International, Inc.

 

 

BY:  _________________________________

                            MICHAEL SMITH

 

 

                           OMR Drilling and Acquisition, LLC.

BY:  _________________________________

        NICHOLAS A. UPCHURCH

        MANAGING MEMBER

  

2Exhibit 10.3

 

Confidential Treatment has been requested for the redacted portions of this agreement. The redactions are indicated with six asterisks (******). A complete version of this agreement has been filed separately with the Securities and Exchange Commission.

 

Execution Version

 

SIXTH AMENDMENT

TO

THIRD AMENDED AND RESTATED OMNIBUS AGREEMENT

 

AMONG

 

EXTERRAN HOLDINGS, INC.

 

EXTERRAN ENERGY SOLUTIONS, L.P.

 

EXTERRAN GP LLC

 

EXTERRAN GENERAL PARTNER, L.P.

 

EXTERRAN PARTNERS, L.P.

 

AND

 

EXLP OPERATING LLC

 

 

SIXTH AMENDMENT TO

THIRD AMENDED AND RESTATED

OMNIBUS AGREEMENT

 

This Sixth Amendment (this “Amendment”) to the Third Amended and Restated Omnibus Agreement is entered into on, and effective as of, April 17, 2015 (the “Effective Date”), and is by and among Exterran Holdings, Inc., a Delaware corporation (“Exterran”), Exterran Energy Solutions, L.P., a Delaware limited partnership (“EESLP”), Exterran GP LLC, a Delaware limited liability company (“GP LLC”), Exterran General Partner, L.P., a Delaware limited partnership (the “General  Partner”), Exterran Partners, L.P., a Delaware limited partnership (the “Partnership”), and EXLP Operating LLC, a Delaware limited liability company (the “Operating Company”).  The above-named entities are sometimes referred to in this Amendment collectively as the “Parties.”

 

RECITALS:

 

The Parties entered into that certain Third Amended and Restated Omnibus Agreement dated as of June 10, 2011, as amended by that certain First Amendment to the Third Amended and Restated Omnibus Agreement dated as of March 8, 2012, that certain Second Amendment to the Third Amended and Restated Omnibus Agreement dated as of March 31, 2013, that certain Third Amendment to the Third Amended and Restated Omnibus Agreement dated as of April 10, 2014, that certain Fourth Amendment to the Third Amended and Restated Omnibus Agreement dated as of August 15, 2014 and that certain Fifth Amendment to the Third Amended and Restated Omnibus Agreement dated as of February 23, 2015 (as so amended, the “Omnibus Agreement”).

 

The Parties desire to amend the Omnibus Agreement to restate Exhibits 5 and 6 to, among other things, reflect the Exterran Customers and Partnership Customers, respectively, upon consummation of the Transaction.

 

The Conflicts Committee of the Board of Directors of GP LLC has approved the form, terms and substance of this Amendment in accordance with the requirements set forth in Section 8.6 of the Omnibus Agreement.

 

For good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereby agree as follows:

 

1.             Omnibus Agreement Amendment.

 

(a)           The Omnibus Agreement is hereby amended by replacing Exhibits 5 and 6 with the respective Exhibits attached to this Amendment.

 

2.             Acknowledgement.  Except as amended hereby, the Omnibus Agreement shall remain in full force and effect as previously executed, and the Parties hereby ratify the Omnibus Agreement as amended hereby.

 

3.             Counterparts.   This Amendment may be executed in one or more counterparts, all of which shall be considered one and the same agreement, and shall become effective when one or more counterparts have been signed by each of the Parties hereto and delivered (including by facsimile) to the other Parties.

 

[Signature page follows.]

 

2

 

IN WITNESS WHEREOF, the Parties have executed this Amendment on, and effective as of, the date first set forth above.

 

	
 
    	
EXTERRAN HOLDINGS, INC.
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Jon C. Biro
    
	
 
    	
Name:
    	
Jon C. Biro
    
	
 
    	
Title:
    	
Senior Vice President and Chief Financial   Officer
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
EXTERRAN ENERGY SOLUTIONS, L.P.
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Jon C. Biro
    
	
 
    	
Name:
    	
Jon C. Biro
    
	
 
    	
Title:
    	
Senior Vice President and Chief Financial   Officer
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
EXTERRAN GP LLC
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ David S. Miller
    
	
 
    	
Name:
    	
David S. Miller
    
	
 
    	
Title:
    	
Senior Vice President and Chief Financial   Officer
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
EXTERRAN GENERAL PARTNER, L.P.
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
Exterran GP LLC,
    
	
 
    	
 
    	
its general partner
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ David S. Miller
    
	
 
    	
Name:
    	
David S. Miller
    
	
 
    	
Title:
    	
Senior Vice President and Chief Financial   Officer
    

 

[Signature page to the Sixth Amendment to the Third Amended and Restated Omnibus Agreement]

 

 

	
 
    	
EXTERRAN PARTNERS, L.P.
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
Exterran General Partner, L.P.,
    
	
 
    	
 
    	
its general partner
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
Exterran GP LLC,
    
	
 
    	
 
    	
its general partner
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ David S. Miller
    
	
 
    	
Name:
    	
David S. Miller
    
	
 
    	
Title:
    	
Senior Vice President and Chief Financial   Officer
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
EXLP OPERATING LLC
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ David S. Miller
    
	
 
    	
Name:
    	
David S. Miller
    
	
 
    	
Title:
    	
Senior Vice President and Chief Financial   Officer
    

 

[Signature page to the Sixth Amendment to the Third Amended and Restated Omnibus Agreement]

 

 

	
Certain Exterran Customers
    	
EXHIBIT 5
    

 

******

 

 

	
Certain Partnership Customers
    	
EXHIBIT 6
    

 

******Exhibit 10.5

 

 

	
Date:
    	
March 13,   2014
    
	
Subject:
    	
Promotion   and Assignment change
    

 

Steve,

 

I am enthusiastic about offering you a new assignment, as we discussed.  And as discussed, there will be two distinct phases to this assignment.  On a longer term basis, your new position will be Senior Vice President, International Operations, reporting to me.  In that position, you will have responsibility for our contract operations and aftermarket services businesses in the Eastern Hemisphere and Latin America.  This assignment will begin upon completion of the interim assignment described below.

 

On an interim basis, starting May 1, you will assume the position of Vice President, Sales and Business Development, Eastern Hemisphere, reporting to me.  In this interim position, you will have responsibility for the sales and business development teams and activities related to our sold product businesses in the Eastern Hemisphere, supporting large scale contract operations and aftermarket services business growth, when requested by the operations organization, and assisting with the efforts to recruit a successor for this position.

 

Effective, May 1, your 2014 compensation package will be:

 

	
·
    	
Base   Salary:
    	
$350,000   annually
    
	
 
    	
 
    	
 
    
	
·
    	
Short-Term   Incentive Target (STI):
    	
70%,   or $245,000 annually
    
	
 
    	
 
    	
 
    
	
·
    	
Long-Term   Incentive Target (LTI):
    	
$500,000
    

 

In addition, you will receive a one-time LTI grant of $400,000 in Exterran Restricted Stock, subject to the approval of the Compensation Committee.

 

Your benefits will not change.  You will receive revised Change of Control and Severance Benefit Agreements.

 

Your work location will be in Houston.  It is anticipated that you will spend much of the first 3-6 months working out of the Dubai offices or traveling.  While you are in Dubai, Exterran will provide you and your spouse with a furnished apartment, a car and a $10,000 one-time settling in allowance.  In addition to your temporary relocation and return trips, you will each have the opportunity to take one business class trip to Houston at company expense.

 

Steve, I’m looking forward to an exciting 2014 and am counting on you and your team to deliver outstanding results.  Again, congratulations on your promotion! I am also very much looking forward to you joining the executive leadership team.

 

Sincerely,

 

	
By:
    	
/s/   D. BRADLEY CHILDERS
    	
 
    
	
 
    	
D. Bradley   Childers
    	
 
    
	
 
    	
President and   Chief Executive Officer

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