Document:

Exhibit
        10.6

   

  EXCELERATE
        ENERGY, INC. 

  EXECUTIVE
        SEVERANCE PLAN

   

  Section
        1. Purpose.

   

  The
      purpose of this Excelerate Energy, Inc. Executive Severance Plan, effective as of April 8, 2022, is to enable the Company and
      its subsidiaries to provide eligible employees with severance pay and benefits in the event their employment is involuntarily
      terminated without Cause. This Plan is intended to be an “employee welfare benefit plan” within the meaning of Section
      3(1) of ERISA and is maintained as an unfunded plan for the purpose of providing benefits to a select group of management or highly
      compensated employees within the meaning of 29 C.F.R. § 2520.104-24.

   

  Section
        2. Definitions.

   

  		a)	“Base Pay” means the annual base salary in effect for the Covered Executive immediately prior to termination of employment, and
            excludes any bonuses, incentive compensation or any other special payments.  

  

  		b)	“Board” means the Board of Directors of the Company.

  

  		c)	“Bonus” means the target annual cash bonus amount in effect for the Covered Executive, in accordance with the Company’s Short Term
            Incentive Plan, for the year in which the termination of employment occurs.

  

  		d)	“Cause” has the meaning set forth in a Covered Executive’s Participation Agreement, or, if none, means the Covered Executive:

  

  		i.	committing a serious act that constitutes fraud, theft or dishonesty;

  

  		ii.	engaging in misconduct or gross neglect that has caused or has the substantial potential to cause serious injury, monetary or reputational, to
            the Company or an affiliate;

  

  		iii.	being indicted, charged, convicted of or pleading guilty or “no contest” to a felony or any criminal act involving moral turpitude; or

  

  		iv.	ceasing to fulfill his or her duties under any agreement with the Company or an affiliate, materially breaching his or her obligations under
            any agreement with the Company or an affiliate or refusing or failing to carry out his or her duties under any agreement with the Company or an affiliate or to obey reasonable, ethical and legal orders or instructions from the Company.

  

  A
      Covered Executive’s employment or service will be deemed to have been terminated for Cause if it is determined subsequent
      to such Covered Executive’s termination of employment that grounds for a termination of employment for Cause existed at
      the time of such termination of employment, as determined by the Committee.

  

  		e)	“COBRA” means the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended, and any guidance and/or regulations promulgated
            thereunder.

  

  		f)	“Code” means the Internal Revenue Code of 1986, as amended, and any guidance and/or regulations promulgated thereunder.

  

  		g)	“Committee” means the Compensation Committee of the Board or another duly constituted committee of members of the Board designated by
            the Board to administer this Plan.

  

  		h)	“Company” means Excelerate Energy, Inc. and any successor corporation or other entity.

  

  		i)	“Covered Executive” means those officers or other management level employees of the Company and its subsidiaries designated by the
            Board or the Committee in its discretion to participate in this Plan who meet the eligibility requirements set forth in Section 3(a) of this Plan.

  

  		j)	“Disability” has the meaning set forth in a Covered Executive’s Participation Agreement, or, if none, means as determined by the
            Committee in good faith, the Covered Executive’s inability to perform the essential functions of the Covered Executive’s position because of physical or mental illness, incapacity or disability.

   

  
     

    
      

    

  

   

  		k)	“ERISA” means the Employee Retirement Income Security Act of 1974, as amended.

  

  		l)	“Participation Agreement” means an agreement between a Covered Executive and the Company that acknowledges the Covered Executive’s
            participation in this Plan.

   

  Section
        3. Eligibility. 

  

  		a)	A Covered Executive shall be eligible to participate in this Plan upon execution of a Participation Agreement with the Company in the form
            attached hereto as Exhibit B.

   

  		b)	A Covered Executive shall not be eligible for Severance Benefits under this Plan if:

  

  		i.	he or she does not meet eligibility criteria described in Section 3(a);

  

  		ii.	he or she voluntarily terminates employment with the Company and its subsidiaries for any reason, including retirement, resignation or job
            abandonment;

  

  		iii.	he or she terminates employment as a result of death or Disability;

  

  		iv.	his or her employment is terminated by the Company or its applicable subsidiary for Cause; or

  

  		v.	if he or she is eligible for severance pay and benefits under the Excelerate Energy, Inc. Change in Control Severance Plan.

   

  Section
        4. Severance Benefits. 

  

  A
      Covered Executive whose employment with the Company and its subsidiaries is terminated without Cause and who executes, within
      the time period specified therein, and does not revoke a Separation Agreement and Release of Claims in the form provided
      by the Company (the “Separation Agreement”) shall receive the following severance payments and benefits (the
      “Severance Benefits”):

   

  		a)	A lump sum cash payment, payable within 30 days following the date on which the Separation Agreement becomes effective and irrevocable (or if
            the period in which such Separation Agreement may become effective and irrevocable spans two calendar years, in the later calendar year), in an amount equal to the sum of the Covered Executive’s Base Pay and Bonus multiplied by the
            multiple set forth in Exhibit A for the Covered Executive’s role;

   

  		b)	A pro-rata Bonus for the year in which the Covered Executive’s termination of employment occurs (the “Pro-Rata Bonus”) equal the
            product of (i) the Covered Executive’s Bonus multiplied by (ii) a fraction, the numerator of which is that number of days the Covered Executive was employed by the Company and its subsidiaries’ during the year of termination and the denominator
            of which is the total number of days in such year. The Pro Rata Bonus shall be paid to the Covered Executive in a cash lump-sum within 30 days following the date on which the Separation Agreement becomes effective and irrevocable (or if the
            period in which such Separation Agreement may become effective and irrevocable spans two calendar years, in the later calendar year);

   

  		c)	Continued medical, dental and vision benefits coverage for the Covered Executive and his or her covered dependents for the number of months
            set forth in Exhibit A for the Covered Executive’s role; provided, that if the continued coverage contemplated hereunder cannot be provided under applicable Company plans or policies or would be discriminatory and would result in the
            imposition of excise taxes or other liabilities on the Company or its subsidiaries for failure to comply with any requirements of the Patient Protection and Affordable Care Act of 2010, as amended, and the Health Care and Education
            Reconciliation Act of 2010, as amended (to the extent applicable), or other applicable law, the Covered Executive shall instead receive a lump sum cash payment equal to the monthly COBRA premium amount for the Covered Executive and his or her
            covered dependents’ continuation of medical, dental and vision coverage multiplied by the number of months set forth in Exhibit A less any months of coverage previously provided pursuant to this Section 4(c); and

   

  
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  		d)	Outplacement services with a provider designated by the Company, provided that the cost of such reimbursement shall not exceed $10,000 and
            such services must be provided within six months following termination.

   

  Section
        5. Administration.

  

  		a)	This Plan shall be administered by the Committee in its sole and absolute discretion, and all determinations by the Committee shall be final,
            binding, and conclusive on all parties. The Company reserves the right to and may enhance a Covered Executive’s severance pay, in writing, in its sole discretion and without an amendment to this Plan, and may provide for other forms of
            severance pay or severance benefits.

   

  		b)	In the event of any conflict or inconsistency between another document and the terms of this Plan, the terms and conditions of this Plan shall
            govern and control, provided, however, that a Covered Executive’s Participation Agreement will govern their participation in this Plan to the extent of any conflict between a Participation Agreement and this Plan.

   

  		c)	The Committee shall have the authority, consistent with the terms of this Plan, to (i) designate Covered Executives, (ii) determine the terms
            and conditions relating to the Severance Benefit, if any, (iii) interpret, administer, reconcile any inconsistency, correct any defect and/or supply any omission in this Plan, (iv) establish, amend, suspend or waive any rules and procedures
            with respect to this Plan, and (v) make any other determination and take any other action that the Committee deems necessary or desirable for administration of this Plan, including, without limitation, the timing and amount of payments. The
            Committee may delegate to one or more of the officers of the Company the authority to act on behalf of the Committee.

   

  		d)	To the extent that any Covered Executive receives payment under the Plan in excess of the Severance Benefits to which he or she is entitled,
            the Covered Executive shall promptly return any excess to the Company upon request (to the fullest extent permitted by applicable law).

   

  Section
        6. Funding.

  

  The
      obligations of the Company under this Plan are not funded through contributions to a trust or otherwise, and all benefits shall
      be payable from the general assets of the Company. Nothing contained in this Plan shall give a Covered Executive any right, title
      or interest in any property of the Company. Covered Executives shall be mere unsecured creditors of the Company.

   

  Section
        7. Code Section 409A.

  

  		a)	Compliance. Notwithstanding anything herein to the contrary, this Plan is intended to be interpreted and applied so that the payments
            and benefits set forth herein either shall be exempt from the requirements of Code Section 409A or shall comply with the requirements of Code Section 409A, and, accordingly, to the maximum extent permitted, this Plan shall be interpreted to be
            exempt from or in compliance with Code Section 409A. To the extent that the Company determines that any provision of this Plan would cause a Covered Executive to incur any additional tax or interest under Code Section 409A, the Company shall be
            entitled to reform such provision to attempt to comply with or be exempt from Code Section 409A through good faith modifications. To the extent that any provision hereof is modified in order to comply with Code Section 409A, such modification
            shall be made in good faith and shall, to the maximum extent reasonably possible, maintain the original intent and economic benefit to Covered Executives and the Company without violating the provisions of Code Section 409A. Notwithstanding any
            of the foregoing to the contrary, none of the Company or its subsidiaries or affiliates or any of their officers, directors, members, employees, agents, advisors, predecessors, successors, or equity holders shall have any liability for the
            failure of this Plan to be exempt from, or to comply with, the requirements of Section 409A of the Code. Each payment and/or benefit provided hereunder shall be a payment in a series of separate payments for purposes of Code Section 409A.

   

  
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  		b)	Separation from Service. Notwithstanding anything in this Plan to the contrary, a termination of employment shall not be deemed to have
            occurred for purposes of any provision of this Plan unless such termination is also a “separation from service” within the meaning of Code Section 409A.

   

  		c)	Reimbursements. To the extent that any right to reimbursement of expenses or payment of any benefit in-kind under this Plan constitutes
            nonqualified deferred compensation (within the meaning of Code Section 409A),

  

  		i.	any such expense reimbursement shall be made by the Company no later than the last day of the taxable year following the taxable year in which
            such expense was incurred by the Covered Executive,

  

  		ii.	the right to reimbursement or in-kind benefits shall not be subject to liquidation or exchange for another benefit, and

  

  		iii.	the amount of expenses eligible for reimbursement or in-kind benefits provided during any taxable year shall not affect the expenses eligible
            for reimbursement or in-kind benefits to be provided in any other taxable year; provided, that the foregoing clause shall not be violated with regard to expenses reimbursed under any arrangement covered by Section 105(b) of the Code
            solely because such expenses are subject to a limit related to the period in which the arrangement is in effect.

   

  Section
        8. Amendment and Termination.

  

  The
      Committee may amend or terminate this Plan at any time, without notice, and for any or no reason, except as prohibited by law.
      No such action shall adversely affect the rights of any Covered Executive who has previously experienced a termination of employment
      without Cause without the Covered Executive’s written consent.

   

  Section
        9. Employment at Will.

  

  Nothing
      in this Plan or any other act of the Company shall be considered effective to change a Covered Executive’s status as an
      at-will employee or guarantee any duration of employment. Either the Company or a Covered Executive may terminate the employment
      relationship at any time, for any reason or no reason, and with or without advance notice.

   

  Section
        10. Transfer and Assignment; Effect of Death.

  

  In
      no event may any Covered Executive sell, transfer, anticipate, assign or otherwise dispose of any right or interest under this
      Plan. At no time will any such right or interest be subject to the claims of creditors nor liable to attachment, execution, or
      other legal process. If a Covered Executive dies prior to receiving full payment of benefits to which he or she is entitled, any
      unpaid benefits will be paid to the Covered Executive’s surviving spouse, or if the Covered Executive does not have a surviving
      spouse, to the Covered Executive’s estate. 

   

  
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  Section
        11. Severability.

  

  If
      any provision of this Plan is held invalid or unenforceable, its invalidity or unenforceability will not affect any other provision
      of this Plan, and this Plan will be construed and enforced as if such provision had not been included.

   

  Section
        12. Successors.

  

  Any
      successor to the Company of all or substantially all of the Company’s business and/or assets (whether direct or indirect
      and whether by purchase, merger, consolidation, liquidation or other transaction) will assume the obligations under this Plan
      and agree expressly to perform the obligations under this Plan in the same manner and to the same extent as the Company would
      be required to perform such obligations in the absence of a succession. For all purposes under this Plan, the term “Company”
      will include any successor to the Company’s business and/or assets which become bound by the terms of this Plan by operation
      of law, or otherwise.

   

  Section
        13. Withholding; Taxes.

  

  The
      Company shall withhold from Severance Benefits all federal, state and local income or other taxes required to be withheld therefrom
      and any other required payroll deductions.

   

  Section
        14. Compensation.

  

  Benefits
      payable hereunder shall not constitute compensation under any other plan or arrangement, except as expressly provided in such
      plan or arrangement.

   

  Section
        15. Entire Agreement.

  

  This
      Plan and a Covered Executive’s Participation Agreement represent the entire agreement of the Company and such Covered Executive
      with respect to the subject matter hereof and supersedes all prior understandings, whether written or oral.

   

  Section
        16. Governing Law.

  

  The
      provisions of this Plan will be construed, administered, and enforced in accordance with the laws of the State of Texas without
      regard to its choice of law provisions.

   

  Section
        17. Claims and Appeals.

   

  

  		a)	Claims Procedure. Any Covered Executive or other person who believes he or she is entitled to any payment under this Plan may submit a
            claim in writing to the Committee (or its authorized delegate). Such claim must be submitted within 90 days of the earlier of:

  

  		i.	the date the claimant learned the amount of his or her benefits under this Plan, or

  

  		ii.	the date the claimant learned that he or she will not be entitled to any benefits under this Plan. If the claim is denied (in full or in
            part), the claimant will be provided a written notice explaining the specific reasons for the denial and referring to the provisions of this Plan on which the denial is based. The notice also will describe any additional information needed to
            support the claim and this Plan’s procedures for appealing the denial. The denial notice will be provided within ninety (90) days after the claim is received. If special circumstances require an extension of time (up to ninety (90) days),
            written notice of the extension will be given within the initial ninety (90) day period. This notice of extension will indicate the special circumstances requiring the extension of time and the date by which the Committee expects to render its
            decision on the claim.

   

  
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  		b)	Appeal Procedure. If the claimant’s claim is denied, the claimant (or his or her authorized representative) may apply in writing to the
            Committee for a review of the decision denying the claim. Review must be requested within sixty (60) days following the date the claimant received the written notice of their claim denial or else the claimant loses the right to review. The
            claimant (or representative) then has the right to review and obtain copies of all documents and other information relevant to the claim, upon request and at no charge, and to submit issues and comments in writing. The Committee will provide
            written notice of its decision on review within sixty (60) days after it receives a review request. If additional time (up to sixty (60) days) is needed to review the request, the claimant (or representative) will be given written notice of the
            reason for the delay. This notice of extension will indicate the special circumstances requiring the extension of time and the date by which the Committee expects to render its decision. If the claim is denied (in full or in part), the claimant
            will be provided a written notice explaining the specific reasons for the denial and referring to the provisions of this Plan on which the denial is based. The notice also will include a statement that the claimant will be provided, upon
            request and free of charge, reasonable access to, and copies of, all documents and other information relevant to the claim and a statement regarding the claimant’s right to bring an action under Section 502(a) of ERISA.

   

  
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  Exhibit
          A 

  SEVERANCE
        BENEFITS

   

  The
      multiple that shall apply to the lump sum cash payment described in Section 4(a) of the Plan shall be as follows based on the
      Covered Executive’s role immediately prior to termination of employment:

   

  	Position	Cash
              Payment Multiple
	Chief Executive
            Officer	2X
	Chief Financial
            Officer	1.5X
	Chief Operations
            Officer	1.5X
	Chief Commercial
            Officer	1.5X
	General Counsel and
            Secretary	1.5X
	Chief Human Resources
            Officer 	1.5X
	All others (including
            Controller and Chief Accounting Officer)	1.0X

   

  The
      number of months applicable to the medical, dental and vision coverage benefit described in Section 4(c) of the Plan shall be
      as follows based on the Covered Executive’s role immediately prior to termination of employment:

   

  	Position	Months’
              Coverage
	Chief Executive
            Officer	24 months
	Chief Financial
            Officer	18 months
	Chief Operations
            Officer	18 months
	Chief Commercial
            Officer	18 months
	General Counsel and
            Secretary	18 months
	Chief Human Resources
            Officer 	18 months
	All others (including
            Controller and Chief Accounting Officer)	12 months

   

  
     

    
      

    

  

    

  

  Exhibit
          B

   

  PARTICIPATION
        AGREEMENT

   

  This
      Participation Agreement (this “Agreement”) is made and entered into by and _____________________ (the “Covered
        Executive”) and Excelerate Energy, Inc. (the “Company”). Capitalized terms used but not defined in
      this Agreement have the meanings ascribed to them in the Plan.

   

  The
      Company maintains the Excelerate Energy, Inc. Executive Severance Plan (as amended from time to time, the “Plan”).
      The Covered Executive agrees that the terms and conditions of the Plan and this Agreement govern the Covered Executive’s
      eligibility for any Severance Benefits provided under the Plan.

   

  By
      signing this Agreement, the Covered Executive acknowledges and agrees that he or she has received a copy of the Plan and has read
      and understood all of the terms and condition of the Plan. He or she agrees to participate in the Plan, and acknowledges and agrees
      that such participation is subject to the terms and conditions of the Plan.

   

  This
      Agreement shall be governed in all respects by the laws of the State of Texas without regard to the principles of conflict of
      law.

   

  This
      Agreement and the Plan represent the entire agreement between the Parties with respect to the subject matter hereof and may not
      be amended except in a writing signed by the Company and the Covered Executive. If any dispute should arise under this Agreement,
      it shall be settled in accordance with the terms of the Plan.

   

  IN
      WITNESS WHEREOF, the Executive and the Company hereto have executed this Agreement

   

  

  	 	Company Name	 	Covered Executive	 
	 	 	 	 	 	 	 
	 	By:	 	 	By:	 	 
	 	 	 	 	 	 	 
	 	Title:	 	 	Title:	 	 

   

  	 	Date:	 	 	 	Date:Exhibit
10.7

 

EXCELERATE
ENERGY, INC. 

CHANGE
IN CONTROL SEVERANCE PLAN

 

Section
1. Purpose.

 

The
purpose of this Excelerate Energy, Inc. Change in Control Severance Plan, effective as of April 8, 2022 (the “Effective
Date”), is to provide assurances of specified benefits to eligible employees of the Company and its subsidiaries whose
employment is subject to being terminated in a Qualifying Termination in connection with a Change in Control. This Plan is intended
to be an “employee welfare benefit plan” within the meaning of Section 3(1) of ERISA and is maintained as an unfunded
plan for the purpose of providing benefits to a select group of management or highly compensated employees within the meaning
of 29 C.F.R. § 2520.104-24.

 

Section
2. Definitions.

 

		a)	“Act”
                                         means the Securities Exchange Act of 1934, as amended.

		b)	“Base
                                         Pay” means the annual base salary in effect for the Covered Executive
                                         immediately prior to termination of employment, and excludes any bonuses, incentive compensation
                                         or any other special payments.  

		c)	“Beneficial
Owner” shall have the meaning set forth in Rule 13d-3 under the Act.

		d)	“Board” means
                                         the Board of Directors of the Company.

		e)	“Bonus”
                                         means the target annual cash bonus amount in effect for the Covered Executive in
                                         accordance with the Company’s Short Term Incentive Plan for the year in which the
                                         termination of employment occurs.

		f)	“Cause” has
                                         the meaning set forth in a Covered Executive’s Participation Agreement, or, if
                                         none, means the Covered Executive:

		i.	committing
                                         a serious act that constitutes fraud, theft or dishonesty;

		ii.	engaging
                                         in misconduct or gross neglect that has caused or has the substantial potential to cause
                                         serious injury, monetary or reputational, to the Company or an affiliate;

		iii.	being
                                         indicted, charged, convicted of or pleading guilty or “no contest” to a felony
                                         or any criminal act involving moral turpitude; or

		iv.	ceasing
                                         to fulfill his or her duties under any agreement with the Company or an affiliate, materially
                                         breaching his or her obligations under any agreement with the Company or an affiliate
                                         or refusing or failing to carry out his or her duties under any agreement with the Company
                                         or an affiliate or to obey reasonable, ethical and legal orders or instructions from
                                         the Company.

A
Covered Executive’s employment or service will be deemed to have been terminated for Cause if it is determined subsequent
to such Covered Executive’s termination of employment that grounds for a termination of employment for Cause existed at
the time of such termination of employment, as determined by the Committee.

		g)	“Change
in Control” means the occurrence of any one of the following:

		i.	any
                                         Third Party Stakeholder becomes the Beneficial Owner, directly or indirectly, of securities
                                         of the Company representing more than 50% of the combined voting power of the Company’s
                                         then outstanding voting securities; or

		ii.	the
                                         following individuals cease for any reason to constitute a majority of the directors
                                         of the Company then serving: (A) individuals who, on the Effective Date, constitute the
                                         Board, and (B) any new director (other than a director whose initial assumption of office
                                         is in connection with an actual or threatened election contest, including but not limited
                                         to a consent solicitation) whose appointment by the Board or nomination for election
                                         by the Company’s shareholders was approved or recommended by a vote of at least
                                         2/3 of the directors then still in office who either were directors on the Effective
                                         Date or whose appointment or nomination for election was previously so approved or recommended
                                         by the directors referred to in this clause (B);

 

 

 

		iii.	there
                                         is consummated a merger or consolidation of the Company or any direct or indirect subsidiary
                                         of the Company with any other corporation or other entity, and, immediately after the
                                         consummation of such merger or consolidation, either (A) the members of the Board immediately
                                         before the merger or consolidation do not constitute at least a majority of the board
                                         of directors of the company surviving the merger or, if the surviving company is a subsidiary,
                                         the ultimate parent thereof, or (B) all of the Persons who were the respective Beneficial
                                         Owners of the voting securities of the Company immediately before such merger or consolidation
                                         do not Beneficially Own, directly or indirectly, more than 50% of the combined voting
                                         power of the then-outstanding voting securities of the Person resulting from such merger
                                         or consolidation; or

		iv.	the
                                         shareholders of the Company approve a plan of complete liquidation or dissolution of
                                         the Company, or there is consummated an agreement or series of related agreements for
                                         the sale or other disposition, directly or indirectly, by the Company of all or substantially
                                         all of the Company’s assets, other than the sale or other disposition by the Company
                                         of all or substantially all of the Company’s assets to an entity, more than 50%
                                         of the combined voting power of the voting securities of which are Beneficially Owned
                                         by shareholders of the Company in substantially the same proportions as their Beneficial
                                         Ownership of such securities of the Company immediately before such sale.

		h)	“COBRA”
                                         means the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended, and any
                                         guidance and/or regulations promulgated thereunder.

		i)	“Code” means
                                         the Internal Revenue Code of 1986, as amended, and any guidance and/or regulations promulgated
                                         thereunder.

		j)	“Committee” means
                                         the Compensation Committee of the Board or another duly constituted committee of members
                                         of the Board designated by the Board to administer this Plan.

		k)	“Company” means
                                         Excelerate Energy, Inc. and any successor corporation or other entity.

		l)	“Covered
                                         Executive” means those officers or other management level employees of the
                                         Company and its subsidiaries designated by the Board or the Committee in its discretion
                                         to participate in this Plan who meet the eligibility requirements set forth in Section
                                         3(a) of this Plan.

		m)	“Covered
                                         Period” means the period commencing on the date a Change in Control is consummated
                                         and ending on the 24-month anniversary thereof.

		n)	“Disability” has
                                         the meaning set forth in a Covered Executive’s Participation Agreement, or, if
                                         none, means as determined by the Committee in good faith, the Covered Executive’s
                                         inability to perform the essential functions of the Covered Executive’s position
                                         because of physical or mental illness, incapacity or disability.

		o)	“ERISA”
                                         means the Employee Retirement Income Security Act of 1974, as amended.

		p)	“Good
                                         Reason” has the meaning set forth in a Covered Executive’s Participation
                                         Agreement, or, if none, means the occurrence of any of the following, without the Covered
                                         Executive’s written consent:

		i.	a
                                         material reduction in the Covered Executive’s annual base salary level (other than
                                         a salary reduction not to exceed 10% that applies to all Covered Executives participating
                                         in this Plan);

		ii.	a
                                         material reduction in the Covered Executive’s Bonus

		iii.	a
                                         material and adverse change in the Covered Executive’s title;

 

2 

 

		iv.	a
                                         material and adverse reduction in the Covered Executive’s authority, responsibilities,
                                         or reporting relationships; or

		v.	the
                                         required relocation of the Covered Executive’s principal place of employment to
                                         a location more than fifty (50) miles from the Covered Executive’s previous principal
                                         place of employment (unless such relocation does not increase the Covered Executive’s
                                         commute by more than thirty-five (35) miles), except for required travel on the Company’s
                                         business. Such distances shall be measured by reference to the straight-line total mileage
                                         between the two points in question and not by reference to land transport mileage.

 

For
a resignation to be for Good Reason, (1) the Covered Executive must provide written notice to the Committee specifying the alleged
grounds for Good Reason within 20 days after its initial occurrence, (2) the Company must have filed to cure such grounds within
15 days following the receipt of such notice, and (3) the Covered Executive must resign within 20 days following the expiration
of such cure period.

		q)	“Participation
                                         Agreement” means an agreement between a Covered Executive and the Company
                                         that acknowledges the Covered Executive’s participation in this Plan.

		r)	“Person”
                                         means any individual, corporation, firm, partnership, joint venture, limited liability
                                         company, estate, trust, business association, organization, governmental entity, or other
                                         entity.

		s)	“Qualifying
                                         Termination” means a termination of employment with the Company and its subsidiaries
                                         either by the Company (or applicable subsidiary) without Cause or by the Covered Executive
                                         for Good Reason.

		t)	“Third
Party Stakeholder” any Person or any group of Persons, the acting together of which would constitute a “group”
for purposes of Section 13(d) of the Act, or any successor provisions thereto, excluding the Company, Excelerate Energy Limited
Partnership, any Person who is or becomes a party to that certain Tax Receivable Agreement dated as of April 18, 2022 by and among
the Company, Excelerate Energy Limited Partnership, and the other parties thereto (each, a “TRA Party”), and
each of their respective affiliates. For purposes of this definition, the affiliates of a TRA Party shall include the estate of
a TRA Party and any Person who is a successor of a TRA Party as a direct result of a gift, bequest, or similar transfer.

 

Section
3. Eligibility.  

		a)	A
                                         Covered Executive shall be eligible to participate in this Plan upon execution of a Participation
                                         Agreement with the Company in the form attached hereto as Exhibit B.

 

		b)	A
                                         Covered Executive shall not be eligible for Severance Benefits under this Plan if:

		a.	he
                                         or she does not meet eligibility criteria described in Section 3(a);

		b.	he
                                         or she voluntarily terminates employment with the Company and its subsidiaries for any
                                         reason other than Good Reason, including retirement or job abandonment;

		c.	he
                                         or she terminates employment as a result of death or Disability;

		d.	his
                                         or her employment is terminated by the Company or its applicable subsidiary for Cause;
                                         or

		e.	he
                                         or she is terminated at any time outside of the Covered Period.

 

Section
4. Severance Benefits.

A
Covered Executive whose employment with the Company and its subsidiaries is terminated in a Qualifying Termination during the
Covered Period and who executes, within the time period specified therein, and does not revoke a Separation Agreement and Release
of Claims in the form provided by the Company (the “Separation Agreement”) shall receive the following
severance payments and benefits (the “Severance Benefits”):

 

3 

 

		a)	A
                                         lump sum cash payment, payable within 30 days following the date on which the Separation
                                         Agreement becomes effective and irrevocable (or if the period in which such Separation
                                         Agreement may become effective and irrevocable spans two calendar years, in the later
                                         calendar year), in an amount equal to the sum of the Covered Executive’s Base Pay
                                         and Bonus multiplied by the multiple set forth in Exhibit A for the Covered
                                         Executive’s role;

 

		b)	A
                                         pro-rata Bonus for the year in which the Covered Executive’s termination of employment
                                         occurs (the “Pro-Rata Bonus”) equal the product of (i) the Covered
                                         Executive’s Bonus multiplied by (ii) a fraction, the numerator of which
                                         is that number of days the Covered Executive was employed by the Company and its subsidiaries’
                                         during the year of termination and the denominator of which is the total number of days
                                         in such year. The Pro Rata Bonus shall be paid to the Covered Executive in a cash lump-sum
                                         within 30 days following the date on which the Separation Agreement becomes effective
                                         and irrevocable (or if the period in which such Separation Agreement may become effective
                                         and irrevocable spans two calendar years, in the later calendar year);

 

		c)	Continued
                                         medical, dental and vision benefits coverage for the Covered Executive and his or her
                                         covered dependents for the number of months set forth in Exhibit A for the Covered
                                         Executive’s role; provided, that if the continued coverage contemplated hereunder
                                         cannot be provided under applicable Company plans or policies or would be discriminatory
                                         and would result in the imposition of excise taxes or other liabilities on the Company
                                         or its subsidiaries for failure to comply with any requirements of the Patient Protection
                                         and Affordable Care Act of 2010, as amended, and the Health Care and Education Reconciliation
                                         Act of 2010, as amended (to the extent applicable), or other applicable law, the Covered
                                         Executive shall instead receive a lump sum cash payment equal to the monthly COBRA premium
                                         amount for the Covered Executive and his or her covered dependents’ continuation
                                         of medical, dental and vision coverage multiplied by the number of months set forth in
                                         Exhibit A less any months of coverage previously provided pursuant to this Section
                                         4(c); and

 

		d)	Outplacement
                                         services with a provider designated by the Company, provided that the cost of such reimbursement
                                         shall not exceed $10,000 and such services must be provided within six months following
                                         termination.

 

		e)	To
                                         the extent that any Covered Executive receives payment under the Plan in excess of the
                                         Severance Benefits to which he or she is entitled, the Covered Executive shall promptly
                                         return any excess to the Company upon request (to the fullest extent permitted by applicable
                                         law).

 

Section
5. Administration.

 

		a)	This
                                         Plan shall be administered by the Committee in its sole and absolute discretion, and
                                         all determinations by the Committee shall be final, binding, and conclusive on all parties.
                                         The Company reserves the right to and may enhance a Covered Executive’s severance
                                         pay, in writing, in its sole discretion and without an amendment to this Plan, and may
                                         provide for other forms of severance pay or severance benefits.

 

		b)	In
                                         the event of any conflict or inconsistency between another document and the terms of
                                         this Plan, the terms and conditions of this Plan shall govern and control, provided,
                                         however, that a Covered Executive’s Participation Agreement will govern their participation
                                         in this Plan to the extent of any conflict between a Participation Agreement and this
                                         Plan.

 

4 

 

		c)	The
                                         Committee shall have the authority, consistent with the terms of this Plan, to (i) designate
                                         Covered Executives, (ii) determine the terms and conditions relating to the Severance
                                         Benefit, if any, (iii) interpret, administer, reconcile any inconsistency, correct any
                                         defect and/or supply any omission in this Plan, (iv) establish, amend, suspend or waive
                                         any rules and procedures with respect to this Plan, and (v) make any other determination
                                         and take any other action that the Committee deems necessary or desirable for administration
                                         of this Plan, including, without limitation, the timing and amount of payments. The Committee
                                         may delegate to one or more of the officers of the Company the authority to act on behalf
                                         of the Committee.

 

Section
6. Funding.

The
obligations of the Company under this Plan are not funded through contributions to a trust or otherwise, and all benefits shall
be payable from the general assets of the Company. Nothing contained in this Plan shall give a Covered Executive any right, title
or interest in any property of the Company. Covered Executives shall be mere unsecured creditors of the Company.

 

Section
7. Code Section 409A.

 

		a)	Compliance. Notwithstanding
                                         anything herein to the contrary, this Plan is intended to be interpreted and applied
                                         so that the payments and benefits set forth herein either shall be exempt from the requirements
                                         of Code Section 409A or shall comply with the requirements of Code Section 409A, and,
                                         accordingly, to the maximum extent permitted, this Plan shall be interpreted to be exempt
                                         from or in compliance with Code Section 409A. To the extent that the Company determines
                                         that any provision of this Plan would cause a Covered Executive to incur any additional
                                         tax or interest under Code Section 409A, the Company shall be entitled to reform such
                                         provision to attempt to comply with or be exempt from Code Section 409A through good
                                         faith modifications. To the extent that any provision hereof is modified in order to
                                         comply with Code Section 409A, such modification shall be made in good faith and shall,
                                         to the maximum extent reasonably possible, maintain the original intent and economic
                                         benefit to Covered Executives and the Company without violating the provisions of Code
                                         Section 409A. Notwithstanding any of the foregoing to the contrary, none of the Company
                                         or its subsidiaries or affiliates or any of their officers, directors, members, employees,
                                         agents, advisors, predecessors, successors, or equity holders shall have any liability
                                         for the failure of this Plan to be exempt from, or to comply with, the requirements of
                                         Section 409A of the Code. Each payment and/or benefit provided hereunder shall be a payment
                                         in a series of separate payments for purposes of Code Section 409A.

 

		b)	Separation
                                         from Service. Notwithstanding anything in this Plan to the contrary, a termination
                                         of employment shall not be deemed to have occurred for purposes of any provision of this
                                         Plan unless such termination is also a “separation from service” within the
                                         meaning of Code Section 409A.

 

		c)	Reimbursements. To
                                         the extent that any right to reimbursement of expenses or payment of any benefit in-kind
                                         under this Plan constitutes nonqualified deferred compensation (within the meaning of
                                         Code Section 409A),

		i.	any
                                         such expense reimbursement shall be made by the Company no later than the last day of
                                         the taxable year following the taxable year in which such expense was incurred by the
                                         Covered Executive,

 

5 

 

		ii.	the
                                         right to reimbursement or in-kind benefits shall not be subject to liquidation or exchange
                                         for another benefit, and

		iii.	the
amount of expenses eligible for reimbursement or in-kind benefits provided during any taxable year shall not affect the expenses
eligible for reimbursement or in-kind benefits to be provided in any other taxable year; provided, that the foregoing
clause shall not be violated with regard to expenses reimbursed under any arrangement covered by Section 105(b) of the Code solely
because such expenses are subject to a limit related to the period in which the arrangement is in effect.

 

Section
8. Amendment and Termination.

Prior
to the consummation of a Change in Control, the Committee may amend or terminate this Plan at any time, without notice, and for
any or no reason, except as prohibited by law. No such action shall adversely affect the rights of any Covered Executive who has
previously experienced a Qualifying Termination without the Covered Executive’s written consent. Upon or after the consummation
of a Change in Control, the Company and the Committee may not, without a Covered Executive’s written consent, amend or terminate
this Plan in any way, nor take any other action, that (i) prevents that Covered Executive from becoming eligible for the Severance
Benefits under this Plan, or (ii) reduces or alters to the detriment of the Covered Executive the Severance Benefits payable,
or potentially payable, to a Covered Executive under this Plan (including, without limitation, imposing additional conditions).
This Plan shall automatically terminate upon the later of the (i) payment of all applicable benefits under this Plan or (ii) 90
days following the end of the Covered Period.

 

Section
9. Employment at Will.

Nothing
in this Plan or any other act of the Company shall be considered effective to change a Covered Executive’s status as an
at-will employee or guarantee any duration of employment. Either the Company or a Covered Executive may terminate the employment
relationship at any time, for any reason or no reason, and with or without advance notice.

 

Section
10. Transfer and Assignment; Effect of Death.

In
no event may any Covered Executive sell, transfer, anticipate, assign or otherwise dispose of any right or interest under this
Plan. At no time will any such right or interest be subject to the claims of creditors nor liable to attachment, execution, or
other legal process. If a Covered Executive dies prior to receiving full payment of benefits to which he or she is entitled, any
unpaid benefits will be paid to the Covered Executive’s surviving spouse, or if the Covered Executive does not have a surviving
spouse, to the Covered Executive’s estate. 

 

Section
11. Severability.

If
any provision of this Plan is held invalid or unenforceable, its invalidity or unenforceability will not affect any other provision
of this Plan, and this Plan will be construed and enforced as if such provision had not been included.

 

Section
12. Successors.

Any
successor to the Company of all or substantially all of the Company’s business and/or assets (whether direct or indirect
and whether by purchase, merger, consolidation, liquidation or other transaction) will assume the obligations under this Plan
and agree expressly to perform the obligations under this Plan in the same manner and to the same extent as the Company would
be required to perform such obligations in the absence of a succession. For all purposes under this Plan, the term “Company”
will include any successor to the Company’s business and/or assets which become bound by the terms of this Plan by operation
of law, or otherwise.

 

6 

 

Section
13. Withholding; Taxes.

The
Company shall withhold from Severance Benefits all federal, state and local income or other taxes required to be withheld therefrom
and any other required payroll deductions.

 

Section
14. Compensation.

Benefits
payable hereunder shall not constitute compensation under any other plan or arrangement, except as expressly provided in such
plan or arrangement.

 

Section
15. Entire Agreement.

This
Plan and a Covered Executive’s Participation Agreement represent the entire agreement of the Company and such Covered Executive
with respect to the subject matter hereof and supersedes all prior understandings, whether written or oral.

 

Section
16. Governing Law.

The
provisions of this Plan will be construed, administered, and enforced in accordance with the laws of the State of Texas without
regard to its choice of law provisions.

 

Section
17. Claims and Appeals.

 

		a)	Claims
                                         Procedure. Any Covered Executive or other person who believes he or she is entitled
                                         to any payment under this Plan may submit a claim in writing to the Committee (or its
                                         authorized delegate). Such claim must be submitted within 90 days of the earlier of:

		i.	the
                                         date the claimant learned the amount of his or her benefits under this Plan, or

		ii.	the
                                         date the claimant learned that he or she will not be entitled to any benefits under this
                                         Plan. If the claim is denied (in full or in part), the claimant will be provided a written
                                         notice explaining the specific reasons for the denial and referring to the provisions
                                         of this Plan on which the denial is based. The notice also will describe any additional
                                         information needed to support the claim and this Plan’s procedures for appealing
                                         the denial. The denial notice will be provided within ninety (90) days after the claim
                                         is received. If special circumstances require an extension of time (up to ninety (90)
                                         days), written notice of the extension will be given within the initial ninety (90) day
                                         period. This notice of extension will indicate the special circumstances requiring the
                                         extension of time and the date by which the Committee expects to render its decision
                                         on the claim.

		b)	Appeal
                                         Procedure. If the claimant’s claim is denied, the claimant (or his or her authorized
                                         representative) may apply in writing to the Committee for a review of the decision denying
                                         the claim. Review must be requested within sixty (60) days following the date the claimant
                                         received the written notice of their claim denial or else the claimant loses the right
                                         to review. The claimant (or representative) then has the right to review and obtain copies
                                         of all documents and other information relevant to the claim, upon request and at no
                                         charge, and to submit issues and comments in writing. The Committee will provide written
                                         notice of its decision on review within sixty (60) days after it receives a review request.
                                         If additional time (up to sixty (60) days) is needed to review the request, the claimant
                                         (or representative) will be given written notice of the reason for the delay. This notice
                                         of extension will indicate the special circumstances requiring the extension of time
                                         and the date by which the Committee expects to render its decision. If the claim is denied
                                         (in full or in part), the claimant will be provided a written notice explaining the specific
                                         reasons for the denial and referring to the provisions of this Plan on which the denial
                                         is based. The notice also will include a statement that the claimant will be provided,
                                         upon request and free of charge, reasonable access to, and copies of, all documents and
                                         other information relevant to the claim and a statement regarding the claimant’s
                                         right to bring an action under Section 502(a) of ERISA.

 

7 

 

Section
18. Certain Excise Taxes.

Notwithstanding
anything to the contrary in this Plan, if a Covered Executive is a “disqualified individual” (as defined in Section
280G(c) of the Code), and the Severance Benefit provided for under this Plan, together with any other payments and benefits which
the Covered Executive has the right to receive from the Company or any other Person, would constitute a “parachute payment”
(as defined in Section 280G(b)(2) of the Code), then the Severance Benefit provided for under this Plan shall be either (a) reduced
(but not below zero) so that the present value of such total amounts and benefits received by the Covered Executive will be one
dollar ($1.00) less than three times the Covered Executive’s “base amount” (as defined in Section 280G(b)(3)
of the Code) and so that no portion of such amounts and benefits received by the Covered Executive shall be subject to the excise
tax imposed by Section 4999 of the Code, or (b) paid in full, whichever produces the better net after-tax position to the Covered
Executive (taking into account any applicable excise tax under Section 4999 of the Code and any other applicable taxes). The determination
as to whether any such reduction in the amount of the payments provided hereunder is necessary shall be made by the Company in
good faith. If a reduced payment is made or provided and through error or otherwise that payment, when aggregated with other payments
and benefits used in determining if a parachute payment exists, exceeds one dollar ($1.00) less than three times the Covered Executive’s
base amount, then the Covered Executive shall immediately repay such excess to the Company upon notification that an overpayment
has been made. Nothing in this Plan shall require the Company to be responsible for, or have any liability or obligation with
respect to, the Covered Executive’s excise tax liabilities under Section 4999 of the Code.

 

8 

 

Exhibit
A 

SCHEDULE
OF BENEFITS

 

SEVERANCE
BENEFITS

 

The
multiple that shall apply to the lump sum cash payment described in Section 4(a) of the Plan shall be as follows based on the
Covered Executive’s role immediately prior to termination of employment:

 

	Position	Cash
    Payment Multiple
	Chief
    Executive Officer	2.99X
	Chief
    Financial Officer	2.0X
	Chief
    Operations Officer	2.0X
	Chief
    Commercial Officer	2.0X
	General
    Counsel and Secretary	2.0X
	Chief
    Human Resources Officer 	2.0X
	All
    others (including Controller and Chief Accounting Officer)	1.5X

 

The
number of months applicable to the medical, dental and vision coverage benefit described in Section 4(c) of the Plan shall be
as follows based on the Covered Executive’s role immediately prior to termination of employment:

 

	Position	Months’
    Coverage
	Chief
    Executive Officer	30
    months
	Chief
    Financial Officer	24
    months
	Chief
    Operations Officer	24
    months
	Chief
    Commercial Officer	24
    months
	General
    Counsel and Secretary	24
    months
	Chief
    Human Resources Officer 	24
    months
	All
    others (including Controller and Chief Accounting Officer)	18
    months

 

 

 

Exhibit
B

 

PARTICIPATION
AGREEMENT

 

This
Participation Agreement (this “Agreement”) is made and entered into by and _____________________ (the “Covered
Executive”) and Excelerate Energy, Inc. (the “Company”). Capitalized terms used but not defined in
this Agreement have the meanings ascribed to them in the Plan.

 

The
Company maintains the Excelerate Energy, Inc. Change in Control Severance Plan (as amended from time to time, the “Plan”).
The Covered Executive agrees that the terms and conditions of the Plan and this Agreement govern the Covered Executive’s
eligibility for any Severance Benefits provided under the Plan.

 

By
signing this Agreement, the Covered Executive acknowledges and agrees that he or she has received a copy of the Plan and has read
and understood all of the terms and condition of the Plan. He or she agrees to participate in the Plan, and acknowledges and agrees
that such participation is subject to the terms and conditions of the Plan.

 

This
Agreement shall be governed in all respects by the laws of the State of Texas without regard to the principles of conflict of
law.

 

This
Agreement and the Plan represent the entire agreement between the Parties with respect to the subject matter hereof and may not
be amended except in a writing signed by the Company and the Covered Executive. If any dispute should arise under this Agreement,
it shall be settled in accordance with the terms of the Plan.

 

IN
WITNESS WHEREOF, the Executive and the Company hereto have executed this Agreement

 

	 	Company Name	 	Covered Executive	 
	 	 	 	 	 	 	 
	 	By:	 	 	By:	 	 
	 	 	 	 	 	 	 
	 	Title:	 	 	Title:	 	 

 

	 	Date:	 	 	 	Date:

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