First Amendment to Credit Agreement and Guarantee and Collateral Agreement


 Exhibit 10.6 
  

 FIRST AMENDMENT 
 TO 
 CREDIT AGREEMENT 
 AND 
 GUARANTEE AND COLLATERAL AGREEMENT 
 dated as of 
 July 25,
2007 
 among 
 GENESIS CRUDE OIL, L.P., 
 as the Borrower, 
 GENESIS ENERGY, L.P., 
 as the Parent and a Guarantor, 
 and 
 the Lenders, Issuing Banks and
Guarantors Party Hereto 
  

  
 FORTIS CAPITAL CORP., 
 as
Administrative Agent, 
 DEUTSCHE BANK SECURITIES INC., 
 as Syndication Agent, 
 and 
 BANK OF AMERICA, N.A., 
 U.S. BANK
NATIONAL ASSOCIATION, 
 WACHOVIA BANK, NATIONAL ASSOCIATION, 
 BMO CAPITAL MARKETS FINANCING, INC., 
 ROYAL BANK OF CANADA, and

 SUNTRUST BANK, 
 as
Co-Documentation Agents 
  







 TABLE OF CONTENTS 
  


			
	 Section 1. Defined Terms
	  	1
		
	 Section 2. Amendments to Credit Agreement
	  	5
		
	 2.1 Amendments to Section 1.01 (Defined Terms)
	  	5
	 2.2 Amendment to Section 2.06(b) (Letters of Credit)
	  	7
	 2.3 Amendment to Section 5.10(a) (Additional Collateral; Additional Guarantors)
	  	7
	 2.4 Amendment to Section 6.01(e) (Indebtedness)
	  	8
	 2.5 Amendment to Section 6.01(g) (Indebtedness)
	  	8
	 2.6 Amendment to Section 6.01(h) (Indebtedness)
	  	8
	 2.7 Amendment to Section 6.02(f) (Liens)
	  	8
	 2.8 Amendment to Section 6.03(b) (Fundamental Changes; Limitations on Business; Limited Purpose of the Parent)
	  	8
	 2.9 Amendment to Section 6.04(g) (Investments, Loans, Advances, and Guarantees)
	  	9
	 2.10 Amendment to Section 6.06(h) (Sale of Assets)
	  	9
	 2.11 Amendment to Section 6.12 (Creation of Subsidiaries)
	  	9
	 2.12 Amendment to Section 6.13 (Limitation on Leases)
	  	9
	 2.13 Amendment to Section 6.18 (Control Agreements)
	  	9
	 2.14 Amendment to Section 6.23 (Excess Cash)
	  	9
	 2.15 Amendment to Section 7.01(k) (Events of Default)
	  	10
	 2.16 Amendment to Section 7.01(p) (Events of Default)
	  	10
	 2.17 Amendment to Schedules; Credit Agreement References
	  	10
	 2.18 Consent and Waiver
	  	10
	 2.19 Amendment to Exhibit F (Form of Perfection Certificate)
	  	11
		
	 Section 3. Amendments to Guarantee and Collateral Agreement
	  	12
		
	 3.1 Amendment to Section 5.08 (Instruments and Chattel Paper)
	  	12
	 3.2 Amendment to Section 5.12 (Vehicles)
	  	12
	 3.3 Amendment to Section 6.14 (Commercial Tort Claims)
	  	12
	 3.4 New Section 6.16 (Vehicles)
	  	12
	 3.5 Amendment to Schedules; Guarantee and Collateral Agreement References
	  	13
		
	 Section 4. Conditions Precedent
	  	13
		
	 Section 5. Miscellaneous
	  	17
		
	 5.1 Increase of Committed Amount Pursuant to Section 2.05
	  	17
	 5.2 Confirmation
	  	18
	 5.3 Ratification and Affirmation; Representations and Warranties
	  	18
	 5.4 Borrower Parties
	  	18
	 5.5 Designation of Unrestricted Subsidiaries
	  	19
	 5.6 Credit Document
	  	19
	 5.7 Security Document
	  	19
	 5.8 Counterparts
	  	19
	 5.9 No Oral Agreement
	  	19
	 5.10 GOVERNING LAW
	  	19

  

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	 Exhibit A – Form of Primary Counsel Opinion
  

	Annex A	  	
		
	 Schedule 2.01
	  	Committed Amounts
	 Schedule 2.06
	  	Existing Letters of Credit
	 Schedule 3.05
	  	Certain Obligations
	 Schedule 3.06(a)
	  	Properties
	 Schedule 3.07
	  	Disclosed Matters
	 Schedule 3.14
	  	Insurance
	 Schedule 3.15
	  	Material Agreements
	 Schedule 3.16
	  	Imbalances
	 Schedule 3.18
	  	Force Majeure
	 Schedule 3.19(a)
	  	Subsidiaries and Joint Ventures
	 Schedule 3.19(b)
	  	Consents
	 Schedule 3.19(c)
	  	Organizational Chart
	 Schedule 3.20(c)
	  	Copyright Violations
	 Schedule 5.14
	  	Post-Effective Date Items
	 Schedule 6.01
	  	Indebtedness
	 Schedule 6.02
	  	Liens
	 Schedule 6.09
	  	Transactions with Affiliates
	 Schedule 6.18
	  	Control Agreements
		
	 Annex B
	  	
		
	 Schedule 1
	  	Notice Addresses of Guarantors
	 Schedule 2
	  	Description of Pledged Securities
	 Schedule 3
	  	Filings and Other Actions Required to Perfect Security Interests
	 Schedule 4
	  	Legal Name, Location of Jurisdiction of Organization, Organizational Identification Number, Taxpayer Identification Number and Chief Executive Office
	 Schedule 5
	  	Prior Names, Prior Chief Executive Office, Location of Tangible Assets
	 Schedule 6
	  	Patents and Patent Licenses
	 Schedule 7
	  	Trademarks and Trademark Licenses
	 Schedule 8
	  	Vehicles

  

 ii 







 FIRST AMENDMENT TO CREDIT AGREEMENT AND GUARANTEE AND 
 COLLATERAL AGREEMENT 
 THIS FIRST
AMENDMENT TO CREDIT AGREEMENT AND GUARANTEE AND COLLATERAL AGREEMENT (this “First Amendment”) dated as of July 25, 2007, is by and among GENESIS CRUDE OIL, L.P., a Delaware limited partnership (the
“Borrower”), GENESIS ENERGY, L.P., a Delaware limited partnership (the “Parent”), FORTIS CAPITAL CORP., 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 Guarantors and Lenders. 
 R E C I T A L S 
 A.(i) The
Borrower, the Parent, the Lenders, the Administrative Agent and the other agents referred to therein are parties to that certain Credit Agreement dated as of November 15, 2006 (as amended, supplemented or otherwise modified from time to time
prior to the date hereof, the “Credit Agreement”), pursuant to which the lenders party thereto have made certain Loans and provided certain Commitments (subject to the terms and conditions thereof) to the Borrower and (ii) the
Borrower, the Guarantors signatory thereto and the Administrative Agent are party to that certain Guarantee and Collateral Agreement dated as of November 15, 2006 (as amended, supplemented or otherwise modified from time to time prior to the
date hereof, the “Guarantee and Collateral Agreement”). 
 B. In connection with the Davison Acquisition (as defined below),
the Parent has entered into the Davison Contribution and Sale Agreement (as defined below) pursuant to which it will acquire the assets and entities, and enter into the other transactions therein described. 
 C. The Borrower has formed a new Restricted Subsidiary, Genesis Alabama Pipeline, LLC, an Alabama limited liability company (“Genesis
Alabama”), that as of the First Amendment Effective Date will not hold significant Real Property. 
 D. The Parent and the Borrower
wish, and the Lenders signatory hereto and the Administrative Agent are willing, (i) to amend the Credit Agreement to increase the aggregate Committed Amount to $500,000,000, to be utilized in part to pay Acquisition Consideration in connection
with the Davison Acquisition, (ii) to consent to the delay by the Borrower and the Parent in meeting the Section 5.10 Timing Requirements (as defined below) in respect of Genesis Alabama Real Property (as defined below) and waive
compliance with Section 5.10 with respect to certain Arkansas Real Property (as defined below) and (iii) to further amend the Credit Agreement and to amend the Guarantee and Collateral Agreement in connection therewith. 
 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 

  

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article, schedule, exhibit and section references in this First Amendment refer to articles and sections of the Credit Agreement. 
 As used in this First Amendment, the following terms shall have the meanings specified below: 
 “Acquired Companies” has the meaning assigned to such term in the Davison Contribution and Sale Agreement. 
 “Additional Guarantors” means, collectively, Genesis Davison, LLC, a Delaware limited liability company, TDC Energy Services, Inc., a
Delaware corporation, TDC Refinery Services Corp., Inc., a Delaware corporation, TDC Services Corporation, Inc., a Delaware corporation, Davison Petroleum Supply, LLC, a Delaware limited liability company, Davison Transportation Services, LLC, a
Delaware limited liability company, Red River Terminals, L.L.C., a Louisiana limited liability company, Red River Terminals, L.L.C., a Delaware limited liability company, Davison Corp., Inc., a Delaware corporation, Fuel Masters, LLC, a Texas
limited liability company, TDC, L.L.C., a Louisiana limited liability company, and Genesis TDC Texas, LLC, a Texas limited liability company, and “Additional Guarantor” shall have the correlative meaning. 
 “Arkansas Real Property” means Real Property of the Borrower Parties located in the State of Arkansas. 
 “Davison Acquisition” means the acquisition by the Parent or its designees (subject to Section 5.4(ii) of this First Amendment) of,
inter alia, the Subject Assets. 
 “Davison Acquisition Documents” means, collectively, the Davison Contribution and
Sale Agreement and all schedules, exhibits and annexes thereto and all side letters and agreements affecting the terms thereof or entered into in connection therewith. 
 “Davison Contribution and Sale Agreement” means the Contribution and Sale Agreement by and among Davison Petroleum Products, L.L.C., Davison Transport, Inc., Transport Company, Davison Terminal
Service, Inc., Sunshine Oil & Storage, Inc., T&T Chemical, Inc., Fuel Masters, LLC, TDC, L.L.C. and Red River Terminal, L.L.C., as Sellers and Parent as Buyer, dated as of April 25, 2007, as amended by Amendment No. 1 thereto
dated as of July 25, 2007. 
 “First Amendment Effective Date” has the meaning assigned to such term in Section 4
hereof. 
 “First Amendment Effective Date Real Property Requirements” means the following: 
 (a) with respect to each applicable Mortgaged Property: 
 (i) a Mortgage encumbering each such Mortgaged Property in favor of the Administrative Agent, for the benefit of the Secured Parties, duly
executed and acknowledged by each Borrower Party that is the owner of or holder of any 

  

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interest in such Mortgaged Property, and otherwise in form for recording in the recording office of each applicable political subdivision where each such
Mortgaged Property is situated, together with such certificates, affidavits, questionnaires or returns as shall be required in connection with the recording or filing thereof to create a lien under applicable Governmental Requirements, and such
financing statements and any other instruments necessary to grant a mortgage lien under the laws of any applicable jurisdiction, all of which shall be in form and substance reasonably satisfactory to Administrative Agent; 
 (ii) with respect to each such Mortgaged Property, such consents, approvals, amendments, supplements, estoppels, tenant subordination
agreements or other instruments as shall reasonably be deemed necessary by the Administrative Agent in order for the owner or holder of the fee or leasehold interest constituting such Mortgaged Property to grant the Lien contemplated by the Mortgage
with respect to such Mortgaged Property; and 
 (iii) with respect to each such Mortgage, opinions of local counsel to the
Borrower Parties, which opinions (A) shall be addressed to the Administrative Agent and each of the Lenders and be dated the First Amendment Effective Date, (B) shall cover the enforceability of the respective Mortgage and such other
matters incident to the transactions contemplated herein as the Administrative Agent may reasonably request and (C) shall be in form and substance reasonably satisfactory to the Administrative Agent. 
 (b) evidence reasonably acceptable to the Administrative Agent of payment by a Borrower Party of all search and examination charges,
escrow charges and related charges, mortgage recording taxes, fees, charges, costs and expenses required for the recording of the Mortgages referred to above; 
 (c) with respect to each such Mortgaged Property, the Parent and each Restricted Subsidiary shall have made all notifications,
registrations and filings, to the extent required by, and in accordance with, all Governmental Real Property Disclosure Requirements applicable to such Mortgaged Property; 
 (d) to the extent requested by the Administrative Agent, (i) ALTA mortgagee title insurance policies or unconditional commitments
therefor with extended coverage guaranteeing over the standard exceptions to title customarily contained in such policies, survey exceptions, parties in possession exception, and mechanic’s and materialman’s lien exceptions, issued by one
or more title companies reasonably satisfactory to the Administrative Agent with respect to each such Mortgaged Property that is material to the Borrower’s Business and constitutes interests owned in “fee” (each, a “Title
Policy”), in amounts not less than the fair market value of each such Mortgaged Property, together with a title report issued by a title company with respect thereto, dated not more than thirty (30) days prior to the First Amendment
Effective Date and copies of all recorded documents listed as exceptions to title or otherwise referred to therein, each in form and substance reasonably satisfactory to the Administrative Agent and (ii) evidence 

  

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satisfactory to the Administrative Agent that such Borrower Party has paid to the title company or to the appropriate governmental authorities all expenses
and premiums of the title company and all other sums required in connection with the issuance of each Title Policy; and 
 (e)
to the extent requested by the Administrative Agent, ALTA surveys of all such Mortgaged Properties (other than Pipelines) that are material to the Borrower’s Business and on which improvements are located, in form and substance satisfactory to
Administrative Agent, certified to the Administrative Agent and dated not more than thirty (30) days prior to the First Amendment Effective Date. 
 “First Amendment Foreign Subsidiaries” means TDC Peru, TDC Energy Canada and TDC Chile. 
 “First Amendment Unrestricted Subsidiaries” means the First Amendment Foreign Subsidiaries, International Holdco and South America Holdco. 
 “Genesis Alabama” has the meaning assigned to such term in the Recitals hereto. 
 “Genesis Alabama Pipeline Project” means the crude oil gathering system to be constructed in the Little Cedar Creek Field in Conecuh County, Alabama and the crude oil pipeline systems connecting such crude oil gathering
system to the Genesis Pipeline USA Florida Pipeline System at a point in Escambia County, Alabama. 
 “Genesis Alabama Real
Property” means all Real Property of Genesis Alabama. 
 “Genesis Alabama Real Property Compliance Date” has the
meaning assigned to such term in Section 2.18(a)(i) hereof. 
 “International Holdco” means TDC Americas, LLC, a
Delaware limited liability company. 
 “Port Hudson Acquisition” means the acquisition by Genesis Crude Oil, L.P., of,
inter alia, the Port Hudson Assets. 
 “Port Hudson Assets” has the meaning assigned to such term in the Port Hudson
Purchase Agreement. 
 “Port Hudson Purchase Agreement” means the Port Hudson Purchase Agreement between BP Pipelines (North
America) Inc., as Seller, and Genesis Crude Oil, L.P., as Buyer, dated May 23, 2007. 
 “Section 5.10 Timing
Requirements” means the timing requirements set forth in Section 5.10 pertaining to the documentation, collateral and other requirements set forth therein, which timing requirements state that such documentation, collateral and other
requirements set forth in Section 5.10 must be complied with promptly, by a certain specified date or within a certain specified time period after a Restricted Subsidiary’s acquisition of assets. 
  

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 “South America Holdco” means TDC South America, LLC, a Delaware limited liability
company. 
 “Subject Assets” has the meaning assigned to such term in the Davison Contribution and Sale Agreement.

 “TDC Chile” means an entity to be formed as a (direct or indirect) Subsidiary of International Holdco and/or South
America Holdco under the laws of Chile. 
 “TDC Energy Canada” means 0790683 B.C. Ltd., a Canadian company. 
 “TDC Peru” means TDC Peru S.A.C., a Peruvian company. 
 Section 2. Amendments to Credit Agreement. 
 2.1 Amendments to Section 1.01 (Defined
Terms). 
 (a) The definition of “Agreement” is hereby amended and restated in its entirety to read as
follows: 
 “Agreement” means this Credit Agreement, as amended by the First Amendment, as the same may from
time to time be amended, modified, restated, or replaced from time to time, and any annexes, exhibits and schedules to any of the foregoing. 
 (b) The definition of “Committed Amount” is hereby amended by amending and restating the penultimate sentence thereof to read in its entirety as follows: 
 The aggregate Committed Amount as of the First Amendment Effective Date shall be $500,000,000. 
 (c) The definition of “Consolidated EBITDA” is hereby amended by adding the words “including all expense recorded
for the Parent’s stock appreciation rights plan in excess of cash payments for exercised rights” immediately following the words “any non-cash stock or stock option or similar compensation expense,” in clause (iv) thereof.

 (d) The definition of “Material Acquisition” is hereby deleted and replaced in its entirety to read as
follows: 
 “Material Acquisition” means a Permitted Acquisition that, when taken together with all other
Permitted Acquisitions that have been consummated in the immediately prior twelve months (but not counting any Permitted Acquisition consummated prior to the beginning of the most recently commenced Borrowing Base Multiple Increase Period),
collectively have an aggregate Acquisition Consideration in excess of $75,000,000. 
  

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 (e) Clause (d) of the definition of “Permitted Encumbrances” is
hereby deleted and replaced in its entirety to read as follows: 
 (d) deposits to secure the performance of bids, trade
contracts, leases, statutory obligations, surety and appeal bonds in an amount not to exceed $3,000,000, performance bonds and other obligations of a like nature, in each case in the ordinary course of business; 
 (f) The definition of “Substantial Transaction” is hereby deleted and replaced in its entirety to read as follows:

 “Substantial Transaction” means any Permitted Acquisition or Divestiture in respect of which the aggregate
Acquisition Consideration (or, in the case of a Divestiture, the consideration paid by the purchaser if calculated in the same manner as the definition of Acquisition Consideration) is in excess of $25,000,000. 
 (g) The definition of “Test Period” is hereby deleted and replaced in its entirety to read as follows: 
 “Test Period” means each period of four consecutive fiscal quarters of the Borrower then last ended, in each case taken
as one accounting period; provided that when used in this Agreement in connection with a Substantial Transaction being consummated after the end of a fiscal quarter but prior to the date for which financial statements have been delivered to the
Lenders for such fiscal quarter, it shall mean the Calculation Period (without giving effect to this proviso). 
 (h) The
definition of “Transactions” is hereby deleted and replaced in its entirety to read as follows: 
 “Transactions” means the execution, delivery and performance by the Borrower and the Parent of this Agreement (including for the avoidance of doubt any amendments, modifications, supplements or restatements thereof), the
borrowing of Loans, the use of the proceeds thereof (including to refinance loans under the Existing Credit Agreement and to pay Acquisition Consideration for any Permitted Acquisition) and the issuance of Letters of Credit hereunder, and the
execution, delivery and performance of the other Loan Documents by the Borrower Parties. 
 (i) The following definitions are
hereby added where alphabetically appropriate to read as follows: 
 “Additional Guarantors” has the meaning
assigned to such term in the First Amendment. 
  

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 “Davison Acquisition” has the meaning assigned to such term in the First
Amendment. 
 “Davison Contribution and Sale Agreement” has the meaning assigned to such term in the First
Amendment. 
 “Davison Information Memorandum Materials” means the information memorandum and the other
written information distributed by the Borrower in connection with the bank meeting on or about June 15, 2007. 
 “First Amendment” means the First Amendment to Credit Agreement dated as of July 25, 2007 among the Borrower, the Parent, the Administrative Agent, the Lenders party thereto, and the other agents and parties thereto.

 “First Amendment Effective Date” has the meaning assigned to such term in the First Amendment. 

“Port Hudson Acquisition” has the meaning assigned to such term in the First Amendment. 
 2.2 Amendment to Section 2.06(b) (Letters of Credit). Section 2.06(b) is hereby amended by deleting the dollar amount
“$50,000,000” in the last sentence thereof and replacing it with the dollar amount $100,000,000”. 
 2.3 Amendment to
Section 5.10(a) (Additional Collateral; Additional Guarantors). 
 (a) Section 5.10(a) of the Credit Agreement
is hereby amended by deleting the dollar amount “$5,000,000” in the first parenthetical therein and replacing it with the dollar amount “$10,000,000”. 
 (b) Clause (ii) of Section 5.10(a) of the Credit Agreement is hereby deleted and replaced in its entirety to read as follows:

 (ii) grant or cause to be granted to the Administrative Agent for the benefit of the Secured Parties a First Priority Lien
of record on all such Equity Interests, Real Property, Pipelines and Property (other than such Equity Interests, Real Property, Pipelines and Property encumbered by prior Liens in existence at the time of the acquisition thereof and not created in
anticipation of such acquisition, in which case the Lien of the Administrative Agent for the benefit of the Secured Parties shall be of such priority as is permitted by such prior Lien), upon terms substantially the same as those set forth in the
Security Documents for Property of a similar type, and complete such other actions as would have been necessary to satisfy the conditions set forth in Section 4.01 of this Agreement or in the definition of First Amendment Effective Date Real
Property Requirements (as defined in the First Amendment) had such Property been owned thereby on the date of this Agreement or the First Amendment, as applicable. 
  

 7 







 2.4 Amendment to Section 6.01(e) (Indebtedness). Section 6.01(e) of the Credit Agreement
is hereby deleted and replaced in its entirety to read as follows: 
 (e) Guarantees by any Borrower Party of up to
(i) an aggregate of $7,500,000 of Indebtedness of the Sandhill Joint Venture outstanding at any time, and (ii) an additional aggregate $10,000,000 of Indebtedness of one or more Joint Ventures, including the Sandhill Joint Venture,
outstanding at any time; 
 2.5 Amendment to Section 6.01(g) (Indebtedness). Section 6.01(g) of the Credit Agreement is
hereby deleted and replaced in its entirety to read as follows: 
 (g) Indebtedness of any Borrower Party owing in connection
with deferred payments of insurance premiums; provided that all such Indebtedness of all Borrower Parties shall not exceed $15,000,000 outstanding at any one time; 
 2.6 Amendment to Section 6.01(h) (Indebtedness). Section 6.01(h) of the Credit Agreement is hereby deleted and replaced in its entirety to read as follows: 
 (h) Indebtedness not to exceed $20,000,000 in the aggregate outstanding at any one time consisting of Non-Recourse Obligations of a
Restricted Subsidiary assumed by such Restricted Subsidiary in connection with any Acquisition permitted pursuant to Section 6.05 (or, if such Restricted Subsidiary is acquired as part of such Acquisition, existing prior thereto); provided that
such Indebtedness exists at the time of such Acquisition at least in the amounts assumed in connection therewith and is not drawn down, created or increased in contemplation of or in connection with or subject to such Acquisition; 
 2.7 Amendment to Section 6.02(f) (Liens). Section 6.02(f) of the Credit Agreement is hereby amended by deleting the dollar amount
“$1,000,000” in clause (iv) thereof and replacing it with the dollar amount “$10,000,000”. 
 2.8 Amendment to
Section 6.03(b) (Fundamental Changes; Limitations on Business; Limited Purpose of the Parent). Section 6.03(b) of the Credit Agreement is hereby deleted and replaced in its entirety to read as follows: 
 (b) It will not and will not permit any of its subsidiaries or Joint Ventures to engage to any material extent in any business other than
(i) refining services, gathering, transporting (by barge, pipeline, ship, truck or other modes of transportation), terminalling, storing, producing, acquiring, developing, exploring for, processing, dehydrating, marketing, trading,
fractionating and otherwise handling hydrocarbons (including crude oil, natural gas, condensate, natural gas liquids, liquefied natural gas, and refined petroleum products), sulfur, sodium chloride, carbon dioxide, sodium hydrosulfide and caustic
soda, including constructing pipeline, platform, dehydration, processing and other related facilities, activities, services or derivative products related or ancillary thereto, (ii)

  

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businesses of the type conducted by it and its subsidiaries and Joint Ventures as of the date of the First Amendment and businesses reasonably related
thereto, (iii) bulk commodity transportation that the Sellers or the Acquired Companies (each as defined in the Davison Contribution and Sale Agreement) have historically transported and (iv) any other businesses as long as the
consolidated total assets principally relating to such other businesses, taken together, would not constitute greater than 5% of consolidated total assets. 
 2.9 Amendment to Section 6.04(g) (Investments, Loans, Advances, and Guarantees). Section 6.04(g) of the Credit Agreement is hereby deleted and replaced in its entirety to read as follows: 

(g) Investments in Permitted Joint Ventures or Unrestricted Subsidiaries (in addition to the Investments described in clause
(b) above), in an amount not to exceed $10,000,000 in the aggregate during the term of this Agreement. 
 2.10 Amendment to
Section 6.06(h) (Sale of Assets). Section 6.06(h) of the Credit Agreement is hereby amended by deleting the dollar amount “$2,000,000” in the proviso thereto and replacing it with the dollar amount “$10,000,000”.

 2.11 Amendment to Section 6.12 (Creation of Subsidiaries). Clause (c) of Section 6.12 of the Credit Agreement is
hereby deleted and amended in its entirety to read as follows: 
 (c) any Foreign Subsidiary (other than the First Amendment
Foreign Subsidiaries (as such term is defined in the First Amendment)) without the prior written consent of the Required Lenders. 
 2.12
Amendment to Section 6.13 (Limitation on Leases). Section 6.13 of the Credit Agreement is hereby amended by deleting the dollar amount “$10,000,000” therein and replacing it with the dollar amount “$25,000,000”.

 2.13 Amendment to Section 6.18 (Control Agreements). Section 6.18 of the Credit Agreement is hereby deleted and replaced
in its entirety to read as follows: 
 Neither it nor any of its Restricted Subsidiaries shall open any deposit account,
securities account or commodities account without subjecting such account to a First Priority Lien in favor of the Administrative Agent for the benefit of the Secured Parties, pursuant to a Control Agreement in form and substance satisfactory to the
Administrative Agent; provided, that the Borrower shall be permitted to maintain the operating accounts set forth on Schedule 6.18 without subjecting such accounts to the requirements of this Section 6.18, subject to the
conditions and requirements set forth on such Schedule. 
 2.14 Amendment to Section 6.23 (Excess Cash). Section 6.23 of the
Credit Agreement is hereby amended by deleting the dollar amount “$10,000,000” in both places it appears therein and replacing it in each instance with the dollar amount “$20,000,000”. 
  

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 2.15 Amendment to Section 7.01(k) (Events of Default). Section 7.01(k) of the Credit
Agreement is hereby amended by deleting the dollar amount “$2,000,000” in the first sentence thereof and replacing it with the dollar amount “$5,000,000”. 
 2.16 Amendment to Section 7.01(p) (Events of Default). Section 7.01(p) of the Credit Agreement is hereby amended by deleting the dollar
amount “$2,000,000” where it appears therein and replacing it with the dollar amount “$5,000,000”. 
 2.17 Amendment
to Schedules; Credit Agreement References. Each Schedule to the Credit Agreement is hereby replaced in its entirety by the corresponding Schedule to the Credit Agreement attached as Annex A hereto. Each reference in the Credit Agreement
to a Schedule or its contents (whether a Schedule to the Credit Agreement, the Guarantee and Collateral Agreement or the Perfection Certificate) “as of the Effective Date”, “on the Effective Date” or “dated the Effective
Date” is hereby amended to be a reference to such Schedule or its contents “as of the First Amendment Effective Date”. Each reference in the Credit Agreement to the Perfection Certificate “dated the Effective Date” is hereby
amended to be a reference to the Perfection Certificate “dated as of the First Amendment Effective Date.” Each reference in the Credit Agreement to Section 6.04(g)(i) is hereby amended to be a reference to Section 6.04(g).

 2.18 Consent and Waiver. (a) The Administrative Agent and the Required Lenders hereby waive compliance with the
Section 5.10 Timing Requirements as they would apply solely to the Genesis Alabama Real Property, subject to the following agreements made by the Borrower and the Parent: 
 (i) On or prior to the earliest of (A) the acquisition of substantially all of the Real Property necessary for the operation of the
Genesis Alabama Pipeline Project, (B) the completion of the Genesis Alabama Pipeline Project, and (C) March 31, 2008, the Borrower and the Parent shall fulfill all requirements of Section 5.10 in respect of the Genesis Alabama
Real Property (the date such requirements are so fulfilled, the “Genesis Alabama Real Property Compliance Date”). 
 (ii) At all times prior to the Genesis Alabama Real Property Compliance Date, Genesis Alabama shall not be permitted to have rights to any Real Property other than Real Property that is reasonably necessary for the construction and
operation of the Genesis Alabama Pipeline Project that has a collective value not in excess of $10,000,000. For purposes of the preceding sentence, the value of such Real Property will be determined based on its value at the time it is first
acquired by Genesis Alabama. 
 (iii) From and after the Genesis Alabama Real Property Compliance Date, the Borrower and the
Parent will comply with Section 5.10 with respect to all Genesis Alabama Real Property. 
 (b) The Administrative Agent
and the Required Lenders hereby waive compliance with Section 5.10 as it would apply to the Arkansas Real Property, but only for so long as the value of such Real Property does not exceed $200,000 in the aggregate. Within ten 

  

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(10) days following the first date upon which the value of such Real Property exceeds $200,000 in the aggregate (such tenth (10th) day, the “Arkansas Real Property Compliance Date”), and at all times thereafter, the Borrower and the Parent will comply with Section 5.10 with respect
to such Arkansas Real Property. For purposes of the preceding sentence, the value of such Real Property will be determined based on its value at the time it is first acquired by a Borrower Party. 
 (c) In furtherance of this Section 2.18, any Section 5.10 Timing Requirements are hereby modified to require actions by the
Genesis Alabama Real Property Compliance Date (in the case of any Genesis Alabama Real Property) or the Arkansas Real Property Compliance Date (in the case of any Arkansas Real Property), instead of promptly, or by a specified date or within a
specified period, after an earlier date as may be otherwise specified in Section 5.10. 
 2.19 Amendment to Exhibit F (Form of
Perfection Certificate). Exhibit F to the Credit Agreement is hereby amended by deleting paragraph 16 thereof in its entirety and replacing it with new paragraph 16 as further described in clauses (a) and (b) below: 
 (a) From and including the First Amendment Effective Date until the date that is sixty (60) days after the First Amendment Effective
Date, paragraph 16 of any Perfection Certificate delivered by the Borrower Parties shall read as follows: 
 Vehicles.
Attached hereto as Schedule 16 is a substantially true and correct list of each Vehicle (as defined in the Guarantee and Collateral Agreement) other than Excluded Vehicles (as defined in the Guarantee and Collateral Agreement) owned by a Borrower
Party as of the date hereof, together with the owner of each such Vehicle, the model year of such Vehicle, the VIN number of such Vehicle, and an indication of whether such Vehicle is a tractor, trailer or “private passenger” Vehicle. On
or before the date that is sixty (60) days after the First Amendment Effective Date, the undersigned will correct, supplement or amend such list to be true and correct in all respects and to additionally include the jurisdiction where each such
Vehicle is titled. Notwithstanding the foregoing, no Vehicle that was owned by the Borrower Parties prior to the consummation of the Davison Acquisition shall be required to be listed on Schedule 16. 
 (b) At all times after the date that is sixty (60) days after the First Amendment Effective Date, paragraph 16 of any Perfection
Certificate delivered by the Borrower Parties shall read as follows: 
 Vehicles. Attached hereto as Schedule 16 is a
true and correct list of each Vehicle (as defined in the Guarantee and Collateral Agreement) other than Excluded Vehicles (as defined in the Guarantee and Collateral Agreement) owned by a Borrower Party as of the date hereof, together with the owner
of each such Vehicle, the model year of such Vehicle, the VIN number of such Vehicle, the jurisdiction where each such Vehicle is titled, and an indication of whether such Vehicle is a tractor, trailer or “private passenger” Vehicle.
Notwithstanding the foregoing, no Vehicle that was owned by the Borrower Parties prior to the consummation of the Davison Acquisition shall be required to be listed on Schedule 16. 
  

 11 







 Section 3. Amendments to Guarantee and Collateral Agreement. 
 3.1 Amendment to Section 5.08 (Instruments and Chattel Paper). Section 5.08 of the Guarantee and Collateral Agreement is hereby amended
by deleting the dollar amount “$50,000” in the first sentence thereof and replacing it with the dollar amount “$200,000”. 
 3.2 Amendment to Section 5.12 (Vehicles). Section 5.12 of the Guarantee and Collateral Agreement is hereby deleted in its entirety. 
 3.3 Amendment to Section 6.14 (Commercial Tort Claims). Section 6.14 of the Guarantee and Collateral Agreement is hereby amended by deleting the dollar amount “$25,000” in clause
(i) thereof and replacing it with the dollar amount “$2,000,000”. 
 3.4 New Section 6.16 (Vehicles). A new
Section 6.16 is hereby added to the Guarantee and Collateral Agreement to read as follows: 
 Vehicles.
(a) On or prior to the date that is one-hundred twenty (120) days after the First Amendment Effective Date, as such date may be extended in accordance with item 4 on Schedule 5.14 to the Credit Agreement (the “Vehicle Perfection
Date”), each Grantor shall have taken all necessary or desirable actions (collectively, “Vehicle Perfection Actions”) in order to grant to the Administrative Agent, for the benefit of the Secured Parties, a first priority
perfected Lien on all Vehicles required to be listed on Schedule 16 to the Perfection Certificate as of the First Amendment Effective Date, and all Vehicles listed on any corrected, supplemented or amended list permitted to be delivered prior
to the date that is sixty (60) days after the First Amendment Effective Date in accordance with such Perfection Certificate other than (i) Vehicles with a model year of 1997 or older and (ii) private passenger Vehicles that are not
tractors or trailers ((i) and (ii), together, the “Excluded Vehicles”). The Vehicle Perfection Actions may include delivering to the Administrative Agent originals of the certificates of title or ownership for the motor vehicles
owned by a Grantor with the Administrative Agent listed as lienholder therein, and such other actions as may be required by applicable Governmental Requirements. 
 (b) With respect to each date after the First Amendment Effective Date on which the Parent or the Borrower delivers a new, amended,
restated, revised or otherwise modified Perfection Certificate or supplement thereto, by the later of (i) 60 days after such date and (ii) the Vehicle Perfection Date, each Grantor shall take the Vehicle Perfection Actions with respect to
all Vehicles required to be listed on Schedule 16 to the Perfection Certificate as so modified, other than Excluded Vehicles. The Grantors shall also take such further actions as may be reasonably requested by the Administrative Agent from
time to time to maintain the Administrative Agent’s first priority perfected Lien in those Vehicles that are subject to Vehicle Perfection Actions. 
  

 12 







 (c) Upon the occurrence and during the continuance of an Event of Default, upon the
request of the Administrative Agent, each Grantor shall take all additional actions with respect to all Vehicles (including Excluded Vehicles and other Vehicles not previously required to be listed on Schedule 16 to the Perfection
Certificate) of any Borrower Party as the Administrative Agent or any Secured Party shall request in its sole discretion. The cost and expense of taking Vehicle Perfection Actions shall be borne in each instance solely by the Grantors. 

3.5 Amendment to Schedules; Guarantee and Collateral Agreement References. Each Schedule to the Guarantee and Collateral Agreement is hereby
replaced in its entirety by the corresponding Schedule to the Guarantee and Collateral Agreement attached as Annex B hereto. Each reference in the Guarantee and Collateral Agreement to a Schedule or its contents (whether a Schedule to the Credit
Agreement, the Guarantee and Collateral Agreement or the Perfection Certificate) “as of the Effective Date” is hereby amended to be a reference to such Schedule or its contents “as of the First Amendment Effective Date”.

 Section 4. Conditions Precedent. This First Amendment shall not become effective until the date (the “First Amendment Effective
Date”) on which each of the following conditions is satisfied (or waived in accordance with Section 10.02 of the Credit Agreement) (and for the avoidance of doubt, the parties understand that Section 5.4 of this First Amendment
applies to the conditions set forth in this Section 4): 
 (a) The Administrative Agent shall have received a certificate
of an Authorized Officer of the Parent certifying: (i) that the Davison Acquisition will be consummated concurrently with the effectiveness of this First Amendment and substantially in accordance with the terms of the Davison Acquisition
Documents (with all of the material conditions precedent thereto having been satisfied in all material respects by the parties thereto) and in all material respects in accordance with all applicable Governmental Requirements and (ii) that
attached thereto are true and complete executed copies of the Davison Acquisition Documents. 
 (b) The Administrative Agent
shall have received (i) a certificate of a Responsible Officer of the Parent satisfying the requirements of clause (k) of the definition of Permitted Acquisition with respect to both the Davison Acquisition and the Port Hudson Acquisition
and (ii) the calculations required by clause (e)(iv) of the definition of Permitted Acquisition. With respect to the Davison Acquisition, the Administrative Agent and the Lenders, as applicable, shall be satisfied with all other documentation
required to be delivered to it and the Lenders pursuant to the definition of “Permitted Acquisition”. 
 (c) The
Administrative Agent shall have received from the Lenders required by the Credit Agreement, the Issuing Banks, the Parent, the Borrower and each Guarantor, executed counterparts (in such number as may be requested by the Administrative Agent) of
this First Amendment and all schedules, exhibits and annexes to the foregoing. 
  

 13 







 (d) The Administrative Agent shall have received (a) duly executed counterparts (in
such number as may be requested by the Administrative Agent) of an assumption agreement to the Guarantee and Collateral Agreement (the “Assumption Agreement”) executed by each Additional Guarantor substantially in the form of Annex
I to the Guarantee and Collateral Agreement and (b) the certificate or certificates, if any, representing the Equity Interests pledged pursuant to the Guarantee and Collateral Agreement and such Assumption Agreement, together with an undated
stock power or equivalent for each such certificate executed in blank by a Responsible Officer of the pledgor thereof. 
 (e)
The Administrative Agent shall have received a completed Perfection Certificate in respect of each Borrower Party, dated the First Amendment Effective Date and executed by a Responsible Officer of the Parent, together with all attachments
contemplated thereby, including (i) certified copies of UCC, Tax and judgment Lien searches, bankruptcy and pending lawsuit searches or equivalent reports or searches, each of a recent date listing all effective financing statements, Lien
notices or comparable documents that name any Additional Guarantor as debtor or list any Subject Assets or Port Hudson Assets as collateral thereon (except that such requirements shall not apply to assets that are, taken as a whole, immaterial to
the Borrower’s Business, subject to compliance with Section 6.02, or to assets of First Amendment Unrestricted Subsidiaries) and that are filed in the state and county jurisdiction in which any Additional Guarantor is organized, maintains
its principal place of business or in which Additional Guarantor owns property or in which any Subject Assets or Port Hudson Assets are located (except that such requirements shall not apply to assets that are, taken as a whole, immaterial to the
Borrower’s Business, subject to compliance with Section 6.02, or to assets of First Amendment Unrestricted Subsidiaries) and such other searches that the Administrative Agent deems necessary or appropriate, (ii) substantially all UCC
termination statements (or similar documents) duly authorized or executed, as appropriate, by all applicable Persons for filing in all applicable jurisdictions as may be necessary to terminate any effective Mortgages or UCC financing statements (or
equivalent filings) disclosed in such search, including with respect to any Liens on any Subject Assets or Port Hudson Assets or the property of any Additional Guarantor (except that such requirements shall not apply to assets that are, taken as a
whole, immaterial to the Borrower’s Business, subject to compliance with Section 6.02, or to assets of First Amendment Unrestricted Subsidiaries) and (iii) such other information with respect to the Borrower Parties required pursuant
to Section 5.10(a) of the Credit Agreement. 
 (f) The Administrative Agent, the Arrangers and the Lenders shall have
received all fees and other amounts due and payable on or prior to the First Amendment Effective Date (including the Committed Amount Increase Fee), including, to the extent invoiced, reimbursement or payment of all out of pocket expenses required
to be reimbursed or paid by the Borrower hereunder. 
 (g) The Administrative Agent shall have received a favorable written
opinion (addressed to the Administrative Agent and the Lenders and dated the First Amendment Effective Date) of (i) Akin Gump Strauss Hauer & Feld LLP, counsel for the Borrower Parties, International Holdco and South America Holdco,
substantially in the form of Exhibit A, and covering such other matters relating to the Borrower Parties, International Holdco, South 

  

 14 







 
America Holdco, the Credit Agreement, the First Amendment, or the other Loan Documents being executed in connection therewith as the Required Lenders shall
reasonably request, (ii) McDavid, Noblin & West pllc, counsel to Genesis Pipeline Alabama, LLC, in form and substance reasonably satisfactory to the Administrative Agent and (iii) the Persons described in clause (a)(iii) of the
definition of “First Amendment Effective Date Real Property Requirements” with respect to Real Property acquired in the Davison Acquisition or the Port Hudson Acquisition, which opinions shall also cover matters relating to Additional
Guarantors organized in the applicable jurisdiction, all in form and substance reasonably satisfactory to the Administrative Agent. 
 (h) The Administrative Agent shall have received the following, in each case in form and substance satisfactory to the Arrangers and their counsel: (i) copies of each Organizational Document of each Additional Guarantor and First
Amendment Unrestricted Subsidiary, and, to the extent applicable, certified as of a recent date by the appropriate governmental official, each dated the First Amendment Effective Date or a recent date prior thereto, (ii) signature and
incumbency certificates of the officers of each Additional Guarantor executing any Loan Document on behalf of such Borrower Party or the General Partner, (iii) resolutions of the board of directors or similar governing body of each Borrower
Party or the General Partner or such Borrower Party’s general partner approving and authorizing the execution, delivery and performance of this Agreement and the other Loan Documents to which such Person is becoming a party or by which its
assets may be bound as of the First Amendment Effective Date certified by its secretary or any assistant secretary as being in full force and effect without modification or amendment; (iv) a good standing certificate from the applicable
Governmental Authority of each Additional Guarantor’s jurisdiction of organization or formation and in each jurisdiction in which such Additional Guarantor is qualified as a foreign corporation or other entity to do business, each dated a
recent date prior to the First Amendment Effective Date; and (v) such other documents as the Administrative Agent may reasonably request. 
 (i) The organizational structure of the Parent and the Subsidiaries, both before and after giving effect to the Davison Acquisition, shall be reasonably satisfactory to the Administrative Agent. 
 (j) The Administrative Agent shall have received a certificate, dated the First Amendment Effective Date and signed by the President, a
Vice President or a Financial Officer of the Borrower, confirming compliance with the conditions set forth in paragraphs (a) and (b) of Section 4.02 and certifying compliance with Section 3.17 as of the First Amendment Effective
Date after giving effect to the Loans used to fund the Davison Acquisition and the other transactions contemplated by this First Amendment. 
 (k) The Administrative Agent shall have received reasonable satisfactory evidence that (i) all Indebtedness for borrowed money owing by any Acquired Company has been paid in full and all commitments and
obligations thereunder shall have been terminated and (ii) no other Additional Guarantor has any Indebtedness for borrowed money outstanding. 
 (l) The Administrative Agent shall have received a certificate of a Responsible Officer of the Borrower either (i) attaching copies of all consents, licenses and 

  

 15 







 
approvals required in connection with the execution, delivery and performance by and the validity against each Borrower Party of this First Amendment and the
Loan Documents being executed in connection therewith and to which it is a party and such consents, licenses and approvals shall be in full force and effect, or (ii) stating that no such consents, licenses or approvals are so required.

 (m) The Administrative Agent shall have received a certificate of a Responsible Officer of the Borrower either
(i) attaching copies of all material consents, licenses and approvals required in connection with the execution, delivery and performance by and the validity against each Borrower Party of the Davison Acquisition Documents and such consents,
licenses and approvals shall be in full force and effect, or (ii) stating that no such consents, licenses or approvals are so required. 
 (n) The Administrative Agent shall have received a letter duly executed and delivered by the Process Agent dated on or prior to the First Amendment Effective Date pursuant to which it accepts its appointment as
Process Agent for the Additional Guarantors (and any other Borrower Party not previously covered by such a letter) under the Credit Agreement and the other Loan Documents, which letter may be an addendum to the letter previously delivered on the
Effective Date. 
 (o) All other Subject Assets, or assets of an Additional Guarantor, or Port Hudson Assets in which the
Administrative Agent shall, at such time, be entitled to have a Lien in its favor for the benefit of the Secured Parties pursuant to any Loan Document shall have been physically delivered to the possession of the Administrative Agent or any bailee
accepted by the Administrative Agent to the extent that such possession is necessary or desirable for the purpose of perfecting the Administrative Agent’s Lien in such Collateral for the benefit of the Secured Parties. 
 (p) In respect of the Davison Acquisition, the Arrangers shall have received and shall be satisfied with the financial statements,
projections and calculations referred to in clauses (d), (e)(i) and (e)(iv) of the definition of Permitted Acquisition. 
 (q)
In respect of the Davison Acquisition, the Administrative Agent (and, with respect to clause (i), if requested by a Lender, each such Lender) shall have received and be reasonably satisfied with (i) all existing reports and similar documents of
the Parent, the Subsidiaries, the Acquired Companies and the Subject Assets relating to environmental matters, other than such documents that are either (A) immaterial or (B) solely ministerial and ordinary course in nature and
(ii) any additional such reports that may have been reasonably requested by the Administrative Agent. 
 (r) The
Administrative Agent shall have received and be reasonably satisfied with copies of all Material Agreements related to the Davison Acquisition or the Subject Assets that are in effect on the First Amendment Effective Date. 
 (s) Subject to Section 2.18(b) of this First Amendment, the Parent and the Subsidiaries shall have complied with the First Amendment
Effective Date Real Property 

  

 16 







 
Requirements with respect to the Subject Assets or the Port Hudson Assets that are Real Property to the satisfaction of the Administrative Agent;
provided, that this condition shall not apply to Real Property of the First Amendment Unrestricted Subsidiaries. 
 (t)
The Parent and the Subsidiaries shall have paid or made arrangements to pay all applicable recording taxes, fees, charges, costs and expenses required for the recording of the Security Documents to be executed in connection with this First
Amendment. 
 (u) The Administrative Agent shall have received a duly executed and delivered Borrowing Request in compliance
with Section 2.03 of the Credit Agreement. 
 (v) The Administrative Agent shall have received a duly executed and
delivered Borrowing Base Multiple Increase Notice in compliance with Section 2.04 of the Credit Agreement. 
 (w) The
Administrative Agent shall have received a duly executed and delivered Borrowing Base Certification in compliance with Section 5.01(g) of the Credit Agreement. 
 (x) The Administrative Agent shall have received such other documents as the Administrative Agent or special counsel to the Administrative
Agent may reasonably request. 
 The Administrative Agent shall notify the Borrower and the Lenders of the First Amendment Effective Date, and such notice
shall be conclusive and binding. Notwithstanding the foregoing, the obligations of the Lenders to make Loans and of any Issuing Bank to issue Letters of Credit in connection with this First Amendment, and this First Amendment in its entirety, shall
not become effective unless each of the foregoing conditions is satisfied (or waived pursuant to Section 10.02 of the Credit Agreement) at or prior to 3:00 p.m., New York City time, on July 25, 2007. 
 Without limiting the generality of the provisions of Article IX of the Credit Agreement, for purposes of determining compliance with the conditions specified in this
Section 4, each Lender that has signed this First Amendment shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter required thereunder to be consented to or approved by or acceptable or
satisfactory to the Administrative Agent, the Arrangers, the Issuing Banks or the Lenders unless the Administrative Agent shall have received notice from such Lender prior to the proposed First Amendment Effective Date specifying its objection
thereto. 
 Section 5. Miscellaneous. 
 5.1 Increase of Committed Amount Pursuant to Section 2.05. Pursuant to Section 2.05, the Borrower has previously delivered to the Administrative Agent a Committed Amount Change Certificate requesting that the aggregate
Committed Amount be increased to $500,000,000. Effective on the First Amendment Effective Date: (a) the aggregate Committed Amount shall be increased to $500,000,000 and (b) the Commitment of each Lender shall, 

  

 17 







 
without any further action (including, without the execution of any Assignment and Assumption or any other documentation or the payment of any processing and
recordation fee to the Administrative Agent), become the Commitment specified for such Lender on the attached Schedule 2.01 to the Credit Agreement. For the avoidance of doubt, in respect of the Committed Amount increase described by this
Section 5.1 and in respect of the Davison Acquisition, each of the Administrative Agent, the Issuing Banks, the Lenders and the Borrower Parties hereby waives noncompliance with all timing requirements for notices to be delivered pursuant to
Section 2.05 or the definition of Permitted Acquisition (but not delivery of the notices themselves, which shall be delivered prior to or on the First Amendment Effective Date). Except as expressly waived pursuant to the immediately preceding
sentence, the provisions of Section 2.05 and the definition of Permitted Acquisition shall otherwise apply. 
 5.2 Confirmation.
The provisions of the Loan Documents, as amended by this First Amendment, shall remain in full force and effect in accordance with their terms following the effectiveness of this First Amendment. 
 5.3 Ratification and Affirmation; Representations and Warranties. Each Borrower Party hereby (a) 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,
notwithstanding the amendments contained herein and (b) represents and warrants to the Lenders that as of the date hereof, after giving effect to the terms of this First Amendment: (i) all of the representations and warranties contained in
each Loan Document to which it is a party are true and correct, except to the extent any such representations and warranties are expressly limited to an earlier date, in which case, such representations and warranties shall continue to be true and
correct as of such specified earlier date as supplemented or subject to such qualifications as are set forth in the applicable Schedule(s) as of the Effective Date (provided, that with respect to the representations and warranties set forth in
Section 3.14, 3.18(a) and 3.20 that are expressly limited to the Effective Date, such representations and warranties are true and correct as of the First Amendment Effective Date without giving effect to such limitation as supplemented or
subject to such qualifications as are set forth in the applicable Schedule(s) as of the First Amendment Effective Date) and (ii) no Default has occurred and is continuing. 
 5.4 Borrower Parties. All references to the Borrower Parties and Subsidiaries in this First Amendment shall be deemed to be references to the
Borrower Parties and Subsidiaries immediately after consummation of the Davison Acquisition. In furtherance of this and for the avoidance of doubt, each reference to the “Borrower Parties” and the “Subsidiaries” in this First
Amendment shall be deemed to include each Additional Guarantor and each reference to the “Subsidiaries” shall also be deemed to include each First Amendment Unrestricted Subsidiary, each reference to the “Additional Guarantors”
shall be deemed to include each Acquired Company, and each reference to any assets of any Borrower Party shall be deemed to include any assets acquired by such Borrower Party in connection with the Davison Acquisition or the Port Hudson Acquisition.
As of the First Amendment Effective Date, each Additional Guarantor shall be a “Borrower Party” and “Subsidiary” as defined in the Credit Agreement. The Borrower represents that (i) each Additional Guarantor is a Restricted
Subsidiary as of the First 

  

 18 







 
Amendment Effective Date and (ii) after giving effect to the Davison Acquisition, the Subject Assets will be owned by Additional Guarantors or First
Amendment Foreign Subsidiaries. 
 5.5 Designation of Unrestricted Subsidiaries. Pursuant to the requirements set forth in the
definition of “Unrestricted Subsidiary” in the Credit Agreement, the Borrower hereby designates the First Amendment Unrestricted Subsidiaries as Unrestricted Subsidiaries, each of which shall become a Subsidiary on and as of the First
Amendment Effective Date. The Borrower represents and warrants as of the date hereof that none of the First Amendment Unrestricted Subsidiaries (a) has acquired any assets from the Borrower or any Restricted Subsidiary, or (b) has any
Indebtedness, Guarantee obligations or other obligations other than Non-Recourse Obligations, except as expressly permitted pursuant to Sections 5.13(c) and 6.04(g). 
 5.6 Credit Document. This First Amendment and each agreement, instrument, certificate or document executed by the Borrower Parties or any of their respective officers in connection therewith are “Loan
Documents” as defined and described in the Credit Agreement and all of the terms and provisions of the Loan Documents relating to other Loan Documents shall apply hereto and thereto. 
 5.7 Security Document. The Assumption Agreement, Mortgages, Control Agreements, Perfection Certificate, and all other agreements, documents,
instruments or certificates executed by the General Partner or any Borrower Party or any of their respective officers in connection with securing the Obligations under the Loan Documents which are delivered pursuant to Section 4 of this First
Amendment (including those delivered pursuant to Schedule 5.14) are “Security Documents” as defined and described in the Credit Agreement and all of the terms and provisions of the Loan Documents applying to Security Documents shall apply
thereto. 
 5.8 Counterparts. This First 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 First Amendment by facsimile transmission shall be effective as delivery of a manually executed counterpart hereof.

 5.9 NO ORAL AGREEMENT. THIS FIRST 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 SUBSEQUENT ORAL AGREEMENTS BETWEEN THE PARTIES. 
 5.10 GOVERNING LAW. THIS FIRST 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. 
  

 19 







 [SIGNATURES BEGIN NEXT PAGE] 
  

 20 







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

					
	BORROWER:
	
	GENESIS CRUDE OIL, L.P.
		
	By:	 	GENESIS ENERGY, INC., its general partner
			
		 	By:	 	/s/ Ross A. Benavides
		 		 	Ross A. Benavides, Chief Financial Officer


  

					
	PARENT:
	
	GENESIS ENERGY, L.P.
		
	By:	 	GENESIS ENERGY, INC., its general partner
			
		 	By:	 	/s/ Ross A. Benavides
		 		 	Ross A. Benavides, Chief Financial Officer


 Signature Page to First Amendment 







					
	GUARANTORS:
	
	GENESIS ENERGY, L.P.
		
	By:	 	GENESIS ENERGY, INC., its general partner
			
		 	By:	 	/s/ Ross A. Benavides
		 		 	Ross A. Benavides, Chief Financial Officer


  

					
	
	GENESIS PIPELINE TEXAS, L.P.
		
	By:	 	GENESIS ENERGY, INC., its general partner
			
		 	By:	 	/s/ Ross A. Benavides
		 		 	Ross A. Benavides, Chief Financial Officer


  

					
	
	GENESIS PIPELINE USA, L.P.
		
	By:	 	GENESIS ENERGY, INC., its general partner
			
		 	By:	 	/s/ Ross A. Benavides
		 		 	Ross A. Benavides, Chief Financial Officer


 Signature Page to First Amendment 







					
	
	GENESIS CO2 PIPELINE, L.P.
		
	By:	 	GENESIS ENERGY, INC., its general partner
			
		 	By:	 	/s/ Ross A. Benavides
		 		 	Ross A. Benavides, Chief Financial Officer


  

					
	
	GENESIS NATURAL GAS PIPELINE, L.P.
		
	By:	 	GENESIS ENERGY, INC., its general partner
			
		 	By:	 	/s/ Ross A. Benavides
		 		 	Ross A. Benavides, Chief Financial Officer


  

					
	
	GENESIS SYNGAS INVESTMENTS, L.P.
		
	By:	 	GENESIS ENERGY, INC., its general partner
			
		 	By:	 	/s/ Ross A. Benavides
		 		 	Ross A. Benavides, Chief Financial Officer


  

					
	
	GENESIS ENERGY FINANCE CORPORATION
			
		 	By:	 	/s/ Ross A. Benavides
		 		 	Ross A. Benavides, Chief Financial Officer


  

					
	
	GENESIS PIPELINE ALABAMA, LLC
			
		 	By:	 	/s/ Ross A. Benavides
		 		 	Ross A. Benavides, Chief Financial Officer


 Signature Page to First Amendment 







			
	ADMINISTRATIVE AGENT, ARRANGER AND LENDER:
	
	FORTIS CAPITAL CORP.
		
	By:	 	/s/ Alison B. Barber
	Name:	 	Alison B. Barber
	Title:	 	Vice President
		
	By:	 	/s/ Gloria Beloti-Fields
	Name:	 	Gloria Beloti-Fields
	Title:	 	Vice President


  

			
	ISSUING BANK:
	
	FORTIS BANK S.A./N.V., NEW YORK BRANCH
		
	By:	 	/s/ Jeanne Feldhhusen
	Name:	 	Jeanne Feldhusen
	Title:	 	Managing Director
		
	By:	 	/s/ John Riga
	Name:	 	John Riga
	Title:	 	CFO


  

			
	ARRANGER:
	
	DEUTSCHE BANK SECURITIES INC.
		
	By:	 	/s/ Russell A Johnson
	Name:	 	Russell A Johnson
	Title:	 	Director
		
	By:	 	/s/ Jon R. Marintzy
	Name:	 	Jon R. Marintzy
	Title:	 	Director


 [Signature Page to First Amendment to Credit Agreement and Guarantee and Collateral
Agreement] 







			
	LENDER:
	
	DEUTSCHE BANK TRUST COMPANY AMERICAS
		
	By:	 	/s/ Evelyn Thierry
	Name:	 	Evelyn Thierry
	Title:	 	Vice President
		
	By:	 	/s/ Omayra Laucella
	Name:	 	Omayra Laucella
	Title:	 	Vice President


  

			
	ISSUING BANK AND LENDER:
	
	BANK OF AMERICA, N.A.
		
	By:	 	/s/ Stephen J. Hoffman
	Name:	 	Stephen J. Hoffman
	Title:	 	Managing Director


  

			
	LENDER:
	
	U.S. BANK NATIONAL ASSOCIATION
		
	By:	 	/s/ Heather Han
	Name:	 	Heather Han
	Title:	 	Assistant Vice President
	
	WACHOVIA BANK, NATIONAL ASSOCIATION
		
	By:	 	/s/ Chris Hewitt
	Name:	 	Chris Hewitt
	Title:	 	Vice President


 [Signature Page to First Amendment to Credit Agreement and Guarantee and Collateral
Agreement] 







			
	BANK OF SCOTLAND
		
	By:	 	/s/ Peggy Ngai
	Name:	 	Peggy Ngai
	Title:	 	Assistant Vice President
	
	BMO CAPITAL MARKETS FINANCING, INC.
		
	By:	 	/s/ James B. Whitmore
	Name:	 	James B. Whitmore
	Title:	 	Managing Director


  

			
	COMERICA BANK
		
	By:	 	/s/ Josh Strong
	Name:	 	Josh Strong
	Title:	 	Assistant Vice President


  

			
	GUARANTY BANK
		
	By:	 	/s/ Jim R. Hamilton
	Name:	 	Jim R. Hamilton
	Title:	 	Senior Vice President


  

			
	ROYAL BANK OF CANADA
		
	By:	 	/s/ Jason S. York
	Name:	 	Jason S. York
	Title:	 	Authorized Signatory


 [Signature Page to First Amendment to Credit Agreement and Guarantee and Collateral
Agreement] 







			
	SUNTRUST BANK
		
	By:	 	/s/ Carmen J. Malizia
	Name:	 	Carmen J. Malizia
	Title:	 	Vice President


  

			
	AMEGY BANK NATIONAL ASSOCIATION
		
	By:	 	/s/ W. Bryan Chapman
	Name:	 	W. Bryan Chapman
	Title:	 	Senior Vice President


  

			
	STERLING BANK
		
	By:	 	/s/ David W. Phillips
	Name:	 	David W. Phillips
	Title:	 	Senior Vice President


  

			
	UNION BANK OF CALIFORNIA, N.A.
		
	By:	 	/s/ Alison Fuqua
	Name:	 	Alison Fuqua
	Title:	 	Assistant Vice President


 [Signature Page to First Amendment to Credit Agreement and Guarantee and Collateral
Agreement]