Execution Version

Exhibit 10.01

    

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FIFTH AMENDMENT
TO
REVOLVING CREDIT AGREEMENT
dated as of
April 9, 2018
among

NUSTAR GP HOLDINGS, LLC,

RIVERWALK HOLDINGS, LLC,

The Lenders Party Hereto

and

JPMORGAN CHASE BANK, N.A.,
as Administrative Agent

    

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FIFTH AMENDMENT TO REVOLVING CREDIT AGREEMENT

THIS FIFTH AMENDMENT TO REVOLVING CREDIT AGREEMENT (this “Amendment”) dated as
of April 9, 2018, is among NUSTAR GP HOLDINGS, LLC, a Delaware limited liability
company (the “Borrower”); RIVERWALK HOLDINGS, LLC, a Delaware limited liability
company (the “Guarantor”); JPMORGAN CHASE BANK, N.A., as administrative agent
(in such capacity, together with its successors in such capacity, the
“Administrative Agent”) for the lenders party to the Credit Agreement referred
to below (collectively, the “Lenders”); and the undersigned Lenders.
R E C I T A L S
A.    The Borrower, the Administrative Agent and the Lenders are parties to that
certain 364-Day Revolving Credit Agreement dated as of June 28, 2013 (as amended
by that certain First Amendment to 364-Day Revolving Credit Agreement dated as
of June 17, 2014, that certain Second Amendment to Revolving Credit Agreement
dated as of June 17, 2015, that certain Third Amendment to Revolving Credit
Agreement dated as of June 16, 2016 and that certain Fourth Amendment to
Revolving Credit Agreement dated as of June 27, 2017, the “Credit Agreement”),
pursuant to which the Lenders have made certain extensions of credit available
to the Borrower.
B.    The Borrower has requested and the Lenders have agreed to amend certain
provisions of the Credit Agreement.
C.    NOW, THEREFORE, in consideration of the premises and the mutual covenants
herein contained, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto agree as
follows:
Section 1.    Defined Terms. Each capitalized term used herein but not otherwise
defined herein has the meaning given such term in the Credit Agreement. Unless
otherwise indicated, all references to Articles and Sections in this Amendment
refer to Articles and Sections of the Credit Agreement.

Section 2.    Amendments to Credit Agreement.

2.1    Amendment to Section 1.01. Section 1.01 of the Credit Agreement is hereby
amended as follows:

(a)Each of the following definitions is hereby amended and restated in its
entirety to read as follows:

“Maturity Date” means the earlier to occur of (i) August 8, 2018 and (ii) the
Simplification Effective Time.
(b)    Each of the following definitions is hereby added to Section 1.01 in
appropriate alphabetical order to read in its entirety as follows:

“Simplification Agreement” means that certain Agreement and Plan of Merger,
dated as of February 7, 2018, by and among the MLP, Riverwalk Logistics, L.P.,
NuStar GP, LLC, Marshall Merger Sub LLC, a Delaware limited liability company,
the Borrower and Riverwalk Holdings, LLC.
“Simplification Effective Time” means the “Effective Time” as defined in the
Simplification Agreement.

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2.2    Amendment to Section 6.11(b). Section 6.11(b) is hereby amended by
replacing the reference therein to “$19,000,000” with “$7,000,000”.

Section 3.    Conditions Precedent. This Amendment shall not become effective
until the date on which each of the following conditions is satisfied (or waived
in accordance with Section 9.02) (the “Fifth Amendment Effective Date”):

3.1    The Administrative Agent and the Lenders shall have received all fees and
other amounts due and payable, if any, in connection with this Amendment on or
prior to the Fifth Amendment Effective Date, including, to the extent invoiced,
reimbursement or payment of all out-of-pocket expenses required to be reimbursed
or paid by the Borrower pursuant to the Credit Agreement.

3.2    The Administrative Agent shall have received from each Lender and the
Borrower, counterparts (in such number as may be requested by the Administrative
Agent) of this Amendment signed on behalf of such Persons.

3.3    The Administrative Agent shall have received (i) an amendment to the
Guarantee and Pledge Agreement, in form and substance satisfactory to the
Administrative Agent, duly executed and delivered by the Borrower and the
Guarantor (such amendment, the “Guarantee and Pledge Agreement Amendment”) and
(ii) a unit power with respect to the additional Units pledged as Collateral
pursuant to the Guarantee and Pledge Agreement Amendment, duly executed and
delivered by the Guarantor, together with the original unit certificate
representing such Units.

3.4    The Administrative Agent shall have received such other documents as the
Administrative Agent or special counsel to the Administrative Agent may
reasonably request.

3.5    The Administrative Agent shall have received such documents and
certificates as the Administrative Agent or its counsel may reasonably request
relating to the organization, existence and good standing of the Borrower, the
Guarantor, the authorization of this Amendment and the transactions contemplated
hereby, and any other legal matters relating to the Borrower, the Guarantor,
this Amendment and the Credit Agreement, as amended by this Amendment, or the
transactions contemplated thereby, all in form and substance satisfactory to the
Administrative Agent and its counsel.

3.6    No Default shall have occurred and be continuing, after giving effect to
the terms of this Amendment.

3.7    As of the Fifth Amendment Effective Date, the aggregate market value of
the Units constituting Collateral shall be greater than $120,000,000.

Section 4.    Miscellaneous.

4.1    Confirmation. The provisions of the Credit Agreement, as amended by this
Amendment, shall remain in full force and effect following the effectiveness of
this Amendment.

4.2    Ratification and Affirmation; Representations and Warranties. Each of the
Borrower and the Guarantor hereby: (a) acknowledges the terms of this Amendment;
(b) ratifies and affirms its obligations under, and acknowledges, renews and
extends its continued liability under, each Loan Document to which it is a party
and agrees that each Loan Document to which it is a party remains in full force
and effect, except as expressly amended hereby, after giving effect to the
amendments contained herein; (c) agrees that from and after the Fifth Amendment
Effective Date each reference to the Credit Agreement in the Loan Documents
shall be deemed to be a reference to the Credit Agreement, as amended by this
Amendment; (d) confirms that the existing security interests granted by it in
favor of the Administrative Agent and the Lenders pursuant to the Loan Documents
in the Collateral described therein shall continue to secure the obligations of
the Borrower and the Restricted Subsidiaries under the Credit Agreement, as
amended by this Amendment, as and to the extent provided in the Loan Documents;
and (e) represents and warrants to the Lenders that as of the date hereof, after
giving effect to the terms of this Amendment: (i) all of the representations and
warranties contained in each Loan Document to which it is a party are true and
correct, unless such representations and warranties are stated to relate to a
specific earlier date, in which case, such representations and warranties shall
continue to be true and correct as of such earlier date and (ii) no Default has
occurred and is continuing.

4.3    Loan Document. This Amendment is a “Loan Document” as defined and
described in the Credit Agreement and all of the terms and provisions of the
Credit Agreement relating to Loan Documents shall apply hereto.

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4.4    Counterparts. This Amendment may be executed by one or more of the
parties hereto in any number of separate counterparts, and all of such
counterparts taken together shall be deemed to constitute one and the same
instrument. Delivery of this Amendment by facsimile or email transmission shall
be effective as delivery of a manually executed counterpart hereof.

4.5    NO ORAL AGREEMENT. THIS AMENDMENT, THE CREDIT AGREEMENT AND THE OTHER
LOAN DOCUMENTS EXECUTED IN CONNECTION HEREWITH AND THEREWITH REPRESENT THE FINAL
AGREEMENT AMONG THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR,
CONTEMPORANEOUS, OR UNWRITTEN ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO ORAL
AGREEMENTS BETWEEN THE PARTIES.

4.6    GOVERNING LAW. THIS AMENDMENT (INCLUDING, BUT NOT LIMITED TO, THE
VALIDITY AND ENFORCEABILITY HEREOF) SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

4.7    Consent to Guarantee and Pledge Agreement Amendment. Each Lender hereby
consents to, and authorizes the Administrative Agent to enter into, the
Guarantee and Pledge Agreement Amendment.

[SIGNATURES BEGIN NEXT PAGE]

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed as of the date first written above.

 
NUSTAR GP HOLDINGS, LLC, as Borrower
 
 
 
 
By:
/s/ Thomas R. Shoaf
 
 
Thomas R. Shoaf
 
 
Executive Vice President and Chief Financial Officer

 
RIVERWALK HOLDINGS, LLC, as Guarantor
 
 
 
 
By:
/s/ Thomas R. Shoaf
 
 
Thomas R. Shoaf
 
 
Executive Vice President and Chief Financial Officer

    

Signature Page to Fifth Amendment to
Revolving Credit Agreement

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JPMORGAN CHASE BANK, N.A., as a Lender and as Administrative Agent and Issuing
Bank
 
 
 
 
By:
/s/ Travis Watson
 
 
Name: Travis Watson
 
 
Title: Vice President

    

Signature Page to Fifth Amendment to
Revolving Credit Agreement

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SUNTRUST BANK, as a Lender and as Syndication Agent
 
 
 
 
By:
/s/ Carmen Malizia
 
 
Name: Carmen Malizia
 
 
Title: Director

Signature Page to Fifth Amendment to
Revolving Credit Agreement

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MIZUHO BANK, LTD., as a Lender
 
 
 
 
By:
/s/ Donna DeMagistris
 
 
Name: Donna DeMagistris
 
 
Title: Authorized Signatory

Signature Page to Fifth Amendment to
Revolving Credit Agreement

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FROST BANK, as a Lender
 
 
 
 
By:
/s/ M. Luke Healy
 
 
Name: M. Luke Healy
 
 
Title: Vice President

Signature Page to Fifth Amendment to
Revolving Credit Agreement

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WELLS FARGO BANK, NATIONAL ASSOCIATION, as a Lender
 
 
 
 
By:
/s/ Borden Tennant
 
 
Name: Borden Tennant
 
 
Title: Vice President

Signature Page to Fifth Amendment to
Revolving Credit Agreement