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Most Favored Supplier And Alliance Agreement
Most Favored Supplier And Alliance Agreement (97K)
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MOST FAVORED SUPPLIER
AND
ALLIANCE AGREEMENT
AMONG
SCHLUMBERGER OILFIELD HOLDINGS LIMITED
SCHLUMBERGER TECHNOLOGY CORPORATION
AND
HANOVER COMPRESSION LIMITED PARTNERSHIP
Dated
August 31, 2001
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TABLE OF CONTENTS
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ARTICLE I PURPOSE OF STRATEGIC ALLIANCE....................................................................... 2
1.1 Mission Statement............................................................................ 2
1.2 Alliance Objectives.......................................................................... 2
1.3 Alliance Goals............................................................................... 2
ARTICLE II OPERATION OF THE STRATEGIC ALLIANCE................................................................ 3
2.1 Management of Activities under the Strategic Alliance........................................ 3
2.2 Meetings of the Management Committee......................................................... 3
2.3 Responsibilities of the Management Committee................................................. 3
2.4 No Solicitation of Employees................................................................. 5
ARTICLE III RESPONSIBILITIES OF THE PARTIES................................................................... 6
3.1 Joint Responsibilities of Hanover and Schlumberger........................................... 6
3.2 Pursuing Designated Projects................................................................. 7
3.3 Business Cooperation in Schlumberger GeoMarkets.............................................. 8
3.4 Most Favored Supplier Status................................................................. 9
3.5 Automation Systems Alignment/Licensing....................................................... 11
3.6 Business Process Alignment/ISO Certification/Schlumberger QHSE Standards..................... 12
ARTICLE IV TERM AND PAYMENT................................................................................... 12
4.1 Consideration................................................................................ 12
4.2 Initial Term................................................................................. 13
4.3 Additional Terms............................................................................. 13
4.4 Termination for Default or Otherwise......................................................... 13
4.5 Registration Rights Agreement................................................................ 14
ARTICLE V REPRESENTATIONS AND WARRANTIES...................................................................... 14
5.1 Representations and Warranties of the Parties................................................ 14
5.2 Additional Representation of Schlumberger.................................................... 14
5.3 Survival of Representations and Warranties................................................... 15
ARTICLE VI TAXES.............................................................................................. 15
6.1 Taxes........................................................................................ 15
6.2 Withholding Taxes............................................................................ 15
6.3 Sales and Value Added Tax.................................................................... 16
6.4 Definitions.................................................................................. 16
ARTICLE VII INDEMNIFICATION AND INSURANCE..................................................................... 16
7.1 INDEMNIFICATION.............................................................................. 16
7.2 Insurance.................................................................................... 17
7.3 Survival..................................................................................... 17
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(continued)
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ARTICLE VIII PROPRIETARY INFORMATION.......................................................................... 17
8.1 Proprietary Information...................................................................... 17
8.2 Disclosure................................................................................... 17
8.3 Covenant..................................................................................... 17
8.4 Authorization................................................................................ 18
8.5 Right to Disclose............................................................................ 18
8.6 No Rights to Proprietary Information......................................................... 18
8.7 Legal Process................................................................................ 18
8.8 Survival..................................................................................... 19
ARTICLE IX INVENTIONS AND DISCOVERIES......................................................................... 19
9.1 Single Party Inventions and Discoveries...................................................... 19
9.2 Joint Inventions and Discoveries............................................................. 19
ARTICLE X NON-COMPETITION..................................................................................... 20
ARTICLE XI WITHHOLDING OF INTEREST PAYMENTS................................................................... 20
ARTICLE XII MISCELLANEOUS..................................................................................... 21
12.1 Legal Relationship of Parties................................................................ 21
12.2 Non-Exclusivity.............................................................................. 21
12.3 Compliance With Laws......................................................................... 21
12.4 Assignment................................................................................... 21
12.5 Publicity.................................................................................... 21
12.6 Entire Agreement............................................................................. 22
12.7 Notices...................................................................................... 22
12.8 Forum; Waiver of Jury Trial.................................................................. 23
12.9 Limitation on Damages........................................................................ 23
12.10 Costs and Expenses........................................................................... 23
12.11 Counterparts................................................................................. 24
12.12 Severability................................................................................. 24
12.13 Waiver....................................................................................... 24
12.14 Compliance with FCPA......................................................................... 24
12.15 Further Assurances........................................................................... 24
12.16 Applicable Law............................................................................... 24
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MOST FAVORED SUPPLIER AND ALLIANCE AGREEMENT
This MOST FAVORED SUPPLIER AND ALLIANCE AGREEMENT (this "Agreement") is
---------
entered into and effective this 31st day of August, 2001 by and among
SCHLUMBERGER OILFIELD HOLDINGS LIMITED, a British Virgin Islands corporation
("SOHL"), SCHLUMBERGER TECHNOLOGY CORPORATION, a Texas corporation ("STC" and
---- ---
together with SOHL, "Schlumberger"); and HANOVER COMPRESSION LIMITED
------------
PARTNERSHIP, a Delaware limited partnership, together with its affiliates
("Hanover"). In addition, CAMCO INTERNATIONAL INC., a Delaware corporation, and
-------
HANOVER COMPRESSOR COMPANY, a Delaware corporation, each join in making this
Agreement for the limited purposes described above such entity's name on the
signature pages hereto. Schlumberger and Hanover are sometimes referred to
individually as a "Party" and collectively as the "Parties." To the extent this
----- -------
Agreement refers to rights or obligations of Schlumberger within the United
States, the term "Schlumberger" shall mean only STC and to the extent that this
------------
Agreement refers to rights and obligations of Schlumberger outside the United
States, the term "Schlumberger" shall mean only SOHL.
------------
RECITALS
WHEREAS, Schlumberger is a respected developer and worldwide provider of
drilling, completion, production and project management services, together with
specialized know-how, ideas and technology relating thereto, and presently
possesses the expertise and business contacts to market and develop such
services on a worldwide basis;
WHEREAS, Hanover is a respected worldwide provider of full service natural
gas compression on a rental, contract compression, maintenance and acquisition
leaseback basis, including the servicing, financing, fabrication and equipment
for contract natural gas, oil and water handling applications, power generation,
pump systems and gas measurement;
WHEREAS, Schlumberger and Hanover have agreed to enter into a strategic
relationship (the "Strategic Alliance") and, subject to the terms hereof, to
------------------
align their respective resources for the purpose of enhancing the Parties
ability to, individually or collectively, provide best value solutions in agreed
upon sectors of the oil and gas industry worldwide;
WHEREAS, Schlumberger and Hanover have agreed that Hanover shall enter into
a most favored supplier relationship pursuant to which, subject to the terms
hereof, Hanover shall be Schlumberger's most favored supplier (the "MFS
---
Relationship") with respect to all of Schlumberger's and it affiliates' gas
------------
compression and certain oilfield surface production requirements; and
WHEREAS, Schlumberger and Hanover desire to enter into such Strategic
Alliance and MFS Relationship upon the terms and conditions set forth in this
Agreement.
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AGREEMENT
NOW, THEREFORE, in consideration of the premises, and other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, Schlumberger and Hanover agree as follows:
ARTICLE I
PURPOSE OF STRATEGIC ALLIANCE
1.1 Mission Statement. It is the mission of the Parties to align their
respective goals and resources whenever mutually determined to be consistent
with their common commercial interests for the purpose of fostering and
maintaining a dynamic and enduring collaborative relationship which will enhance
their ability to meet the needs of the oil and gas industry worldwide for best
value solutions utilizing their complimentary alliance services.
1.2 Alliance Objectives. The purpose of the Strategic Alliance is for
Schlumberger and Hanover to work together with the goal of creating a
comprehensive, mutually satisfactory, long-term relationship to:
(a) Enhance Schlumberger's and Hanover's ability to provide
coordinated services to customers.
(b) Exploit common areas of potential business growth through
operational and technical synergies.
(c) Assist Hanover in penetrating and establishing a presence in
certain new international markets.
(d) Develop solutions which result in lower lease operating expense
to clients through enhanced production and more efficient equipment and capital
utilization.
1.3 Alliance Goals. The intent of the Parties in entering the Strategic
Alliance is to develop, support and continuously improve the way Schlumberger
and Hanover conduct business together when mutually determined to be appropriate
by establishing and meeting the following goals:
(a) Schlumberger and Hanover will be committed to conducting their
activities under the Strategic Alliance in a safe and environmentally
responsible manner.
(b) Schlumberger and Hanover will develop an in-depth understanding
of their respective needs and capabilities in order to continuously improve the
Strategic Alliance and the services they provide under the Strategic Alliance.
(c) Schlumberger and Hanover will establish common success assessment
systems for their performance under the Strategic Alliance.
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Hanover
As referenced in this Most Favored Supplier And Alliance Agreement:
HANOVER COMPRESSION LIMITED PARTNERSHIP
– AGREEMENT
{TEXT}
{PAGE}
Exhibit 99.4
EXECUTION COPY
MOST FAVORED SUPPLIER
AND
ALLIANCE AGREEMENT
AMONG
SCHLUMBERGER OILFIELD HOLDINGS LIMITED
SCHLUMBERGER TECHNOLOGY CORPORATION
AND
HANOVER COMPRESSION LIMITED PARTNERSHIP
Dated
August 31, 2001
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ARTICLE I PURPOSE OF STRATEGIC ALLIANCE....................................................................... 2
1.1
_____________
HANOVER COMPRESSION LIMITED
------------
PARTNERSHIP, – SCHLUMBERGER OILFIELD HOLDINGS LIMITED, a British Virgin Islands corporation
("SOHL"), SCHLUMBERGER TECHNOLOGY CORPORATION, a Texas corporation ("STC" and
---- ---
together with SOHL, "Schlumberger"); and HANOVER COMPRESSION LIMITED
------------
PARTNERSHIP, a Delaware limited partnership, together with its affiliates
("Hanover"). In addition, CAMCO INTERNATIONAL INC., a Delaware corporation, and
-------
HANOVER COMPRESSOR COMPANY, a
_____________
Hanover Compression Limited Partnership
– 400
Austin, Texas 78746
Attention: Brian P. Fenske, Esq.
Facsimile: (512) 457-7001
Telephone: (512) 457-7145
If to Hanover, addressed as follows:
Hanover Compression Limited Partnership
12001 North Houston Rosslyn
Houston, Texas 77806
Attention: William S. Goldberg
Telephone: (281) 447-8787
Facsimile: (281) 447-0821
23
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with
_____________
HANOVER COMPRESSION LIMITED PARTNERSHIP
– year first above written.
SCHLUMBERGER OILFIELD HOLDINGS LIMITED
By:___________________________________________
Name:_________________________________________
Title:________________________________________
SCHLUMBERGER TECHNOLOGY CORPORATION
By:___________________________________________
Name:_________________________________________
Title:________________________________________
HANOVER COMPRESSION LIMITED PARTNERSHIP
By:___________________________________________
Name: Michael J. McGhan
Title: President and Chief Executive Officer
i
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Each of the following have caused this Most
_____________
dt 100598
;
Enron
As referenced in this Most Favored Supplier And Alliance Agreement:
Enron Corp. – the management and
production thereof, together with any natural evolution thereof. The Parties
agree that companies whose primary businesses are midstream (e.g. El Paso,
Dynergy, Reliant Energy, Kinder Morgan, Enron Corp. and The Williams Companies
Inc.), shall not be deemed a competitor of Schlumberger's Oilfield Services
Businesses; or
13
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(g) immediately by Schlumberger if any Primary Competitor, or
_____________
dt 1336276
;
HCC
As referenced in this Most Favored Supplier And Alliance Agreement:
HANOVER COMPRESSOR – partnership, together with its affiliates
("Hanover"). In addition, CAMCO INTERNATIONAL INC., a Delaware corporation, and
-------
HANOVER COMPRESSOR COMPANY, a Delaware corporation, each join in making this
Agreement for the limited purposes described
_____________
Hanover Compressor – i) SOHL $6,281,200 in cash and 114,424 shares of common stock of
Hanover Compressor Company, a Delaware corporation and the parent of Hanover
("Parent"), and (ii) STC $2,826,
_____________
HANOVER COMPRESSOR – which the undersigned will be
parties.
CAMCO INTERNATIONAL INC.
By:__________________________________________
Name:________________________________________
Title:_______________________________________
HANOVER COMPRESSOR COMPANY
By:__________________________________________
Name: Michael J. McGhan
Title: President and Chief Executive Officer
ii
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{/
_____________
dt 75040
;
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Schlumberger
As referenced in this Most Favored Supplier And Alliance Agreement:
SCHLUMBERGER TECHNOLOGY CORP – DESCRIPTION}SUPPLIED AND ALLIANCE AGREEMENT
{TEXT}
{PAGE}
Exhibit 99.4
EXECUTION COPY
MOST FAVORED SUPPLIER
AND
ALLIANCE AGREEMENT
AMONG
SCHLUMBERGER OILFIELD HOLDINGS LIMITED
SCHLUMBERGER TECHNOLOGY CORP ORATION
AND
HANOVER COMPRESSION LIMITED PARTNERSHIP
Dated
August 31, 2001
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ARTICLE I PURPOSE OF
_____________
SCHLUMBERGER TECHNOLOGY CORP – entered into and effective this 31st day of August, 2001 by and among
SCHLUMBERGER OILFIELD HOLDINGS LIMITED, a British Virgin Islands corporation
("SOHL"), SCHLUMBERGER TECHNOLOGY CORP ORATION, a Texas corporation ("STC" and
---- ---
together with SOHL, "Schlumberger"); and HANOVER COMPRESSION LIMITED
------------
PARTNERSHIP, a Delaware limited partnership, together with its affiliates
("
_____________
SCHLUMBERGER TECHNOLOGY CORP – All notices
and other communications provided for in this Agreement shall be addressed as
follows:
22
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If to STC, addressed as follows:
SCHLUMBERGER TECHNOLOGY CORP ORATION
300 Schlumberger Drive MD:23
Sugar Land, Texas 77476
Attention: General Counsel
Telephone: (281) 285-8414
Facsimile: (281) 285-6952
with a
_____________
SCHLUMBERGER TECHNOLOGY CORP – duly authorized representatives effective as of the date and
year first above written.
SCHLUMBERGER OILFIELD HOLDINGS LIMITED
By:___________________________________________
Name:_________________________________________
Title:________________________________________
SCHLUMBERGER TECHNOLOGY CORP ORATION
By:___________________________________________
Name:_________________________________________
Title:________________________________________
HANOVER COMPRESSION LIMITED PARTNERSHIP
By:___________________________________________
Name: Michael J. McGhan
Title: President and Chief Executive Officer
_____________
dt 99937
;
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