Common use of AGREEMENT FOR BINDING ARBITRATION Clause in Contracts

AGREEMENT FOR BINDING ARBITRATION. The parties agree to be bound by the terms and provisions of the current Arbitration Program of First Interstate Bank of Texas, N.A. which is incorporated by reference herein and is acknowledged as received by the parties, pursuant to which any and all disputes shall be resolved by mandatory binding arbitration upon the request of any party. /s/ GF ------------ (INITIALS) This Note is subject to the terms and conditions of a Letter Loan Agreement executed by Bank and Maker on even date herewith. MAKER: COMPRESSOR DYNAMICS, INC., a Delaware corporation By: /s/ ▇▇▇▇ ▇▇▇▇ --------------------------------- ▇▇▇▇ ▇▇▇▇, President NOTICE AND ACKNOWLEDGMENT OF NO ORAL AGREEMENTS This agreement (this "Agreement") is made and entered into by and among the undersigned effective the 18 day of September, 1995.

AGREEMENT FOR BINDING ARBITRATION. The parties agree to be bound by the terms and provisions of the current Arbitration Program of First Interstate Bank of Texas, N.A. which is incorporated by reference herein and is acknowledged as received by the parties, pursuant to which any and all disputes shall be resolved by mandatory binding arbitration upon the request of any party. /s/ GF ------------ ---------- (INITIALS) This Note is subject to the terms and conditions of a Letter Loan Agreement executed by Bank and Maker on even date herewith. MAKER: COMPRESSOR DYNAMICS, INC., a Delaware corporation By: /s/ By:/s/ ▇▇▇▇ ▇▇▇▇ --------------------------------- ------------------------- ▇▇▇▇ ▇▇▇▇, President NOTICE AND ACKNOWLEDGMENT OF NO ORAL AGREEMENTS This agreement (this "Agreement") is made and entered into by and among the undersigned effective the 18 day of SeptemberTERM NOTE September 18, 1995.▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇ $2,833,338.00