Exhibit 4.1

 

EXECUTION VERSION

 

AMENDMENT NO. 2 TO NOTE PURCHASE AGREEMENT

 

THIS AMENDMENT NO. 2 TO NOTE PURCHASE AGREEMENT (this “Amendment”), dated as of May 8, 2013, but effective as of the Effective Date (as defined in Section 2 hereof), is among NGL ENERGY PARTNERS LP, a Delaware limited partnership (the “Company”), and the NOTEHOLDERS listed on the signature pages hereto (collectively, the “Noteholders”).

 

RECITALS:

 

A.                                    The Company and the Purchasers party thereto entered into a Note Purchase Agreement dated as of June 19, 2012 (as amended by Amendment No. 1 to Note Purchase Agreement dated as of January 15, 2013, the “Existing Note Agreement”, and as the same shall be further amended hereby, the “Note Agreement”).  Capitalized terms used and not otherwise defined herein shall have the meanings ascribed to them in the Note Agreement.

 

B.                                    The Guarantors entered into that certain Guaranty Agreement dated as of June 19, 2012 (as heretofore amended, supplemented or otherwise modified, the “Guaranty Agreement”).

 

C.                                    The Company has requested that the Noteholders amend the Existing Note Agreement as more fully described herein below.

 

D.                                    The Noteholders are willing to agree to such amendments, subject to the performance and observance in full of each of the covenants, terms and conditions, and in reliance upon all of the representations and warranties of the Company, set forth herein.

 

NOW, THEREFORE, in consideration of the premises and the covenants, terms, conditions, representations and warranties herein contained, the parties hereto hereby agree as follows:

 

Section 1.                                          AMENDMENTS TO EXISTING NOTE AGREEMENT.  Subject to the covenants, terms and conditions set forth herein and in reliance upon the representations and warranties of the Company herein contained, the Company and the Noteholders hereby agree to amend the Existing Note Agreement as set forth below, effective as of the Effective Date (as hereinafter defined):

 

(a)                                 The definition of “Total Indebtedness” in Schedule B of the Existing Note Agreement is hereby amended by deleting the number “$250,000,000” as it appears in clause (c) thereof and inserting the number “$325,000,000” in lieu thereof.

 

Section 2.                                          CONDITIONS PRECEDENT.  The amendments provided in Section 1 of this Amendment shall become effective (the date of such effectiveness being referred to herein as the “Effective Date”) upon the satisfaction of each of the following conditions (with each of the documents referred to below being in form and substance satisfactory to the Noteholders and in full force and effect):

 

(a)                                 Execution and Delivery of this Amendment.  The Noteholders shall have received a copy of this Amendment executed and delivered by the Company and the Guarantors.

 











 

(b)                                 Representations and Warranties.  Each of the representations and warranties made in this Amendment shall be true and correct on and as of the Effective Date as if made on and as of such date, both before and after giving effect to this Amendment.

 

(c)                                  Amendment to Credit Agreement Documents.  The Noteholders shall have received a copy of an amendment in respect of the Credit Agreement (the “Credit Agreement Amendment”), dated the date hereof, and any other documents entered into in connection therewith (collectively, the “Credit Agreement Amendment Documents”), in each case in form and substance satisfactory to the Noteholders and executed and delivered by the Note Parties, the Administrative Agent and the Required Lenders (as defined in the Credit Agreement), as applicable.

 

(d)                                 Amendment to Intercreditor Agreement.  The Noteholders shall have received a copy of an amendment in respect of the Intercreditor Agreement dated the date hereof, in form and substance satisfactory to the Noteholders and executed and delivered by the Note Parties, the Noteholders, the Administrative Agent, the Collateral Agent and certain of the other Secured Parties, as applicable.

 

(e)                                  Payment of Amendment Fee.  The Company shall have paid a fee to each Noteholder equal to 0.05% multiplied by the aggregate outstanding principal amount of the Notes held by such Noteholder.

 

(f)                                   Proceedings and Documents.  All corporate and other proceedings in connection with the transactions contemplated by this Amendment and all documents and instruments incident to such transactions shall be satisfactory to the Noteholders and their special counsel, and the Noteholders and their special counsel shall have received all such counterpart originals or certified or other copies of such documents as the Noteholders or such special counsel may reasonably request.

 

Section 3.                                          REPRESENTATIONS AND WARRANTIES.  To induce the Noteholders to enter into this Amendment, the Company represents and warrants to the Noteholders on the Effective Date as follows:

 

(a)                                 Organization; Power and Authority.  Each Note Party is duly organized, validly existing and in good standing under the laws of its jurisdiction of organization.  Each Note Party has the organizational power and authority to execute and deliver this Amendment and any other documents in connection herewith (collectively, the “Note Agreement Amendment Documents”) to which it is a party and to perform the provisions hereof and thereof.

 

(b)                                 Due Authorization; Binding Effect.  The Note Agreement Amendment Documents have been duly authorized, executed and delivered by the Note Parties party thereto, and the Note Agreement Amendment Documents and the Note Documents (as and to the extent amended on the Effective Date) constitute the legal, valid and binding obligations of each Note Party party thereto, enforceable in accordance with their terms, except as enforceability may be limited by (i) applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors’ rights generally and (ii) general principles of equity

 

2











 

(regardless of whether such enforceability is considered in a proceeding in equity or at law).

 

(c)                                  Note Agreement Representations and Warranties.  Each of the representations and warranties made by the Note Parties in the Note Agreement is true and correct on and as of the Effective Date with the same effect as though made on and as of the Effective Date, except to the extent such representations and warranties expressly relate to an earlier date (in which case such representations and warranties were true and correct as of such earlier date).

 

(d)                                 No Default.  No Default or Event of Default exists under any of the Note Documents before or after giving effect to the amendments provided hereunder.

 

(e)                                  Compliance with Laws; Governmental Consents.  The execution, delivery and performance of this Amendment and the other Note Agreement Amendment Documents by the Note Parties party thereto, and compliance by the Note Parties with all the provisions hereof and thereof, will not (i) conflict with or result in a breach of any of the terms, conditions or provisions of any order, judgment, decree, or ruling of any court, arbitrator or Governmental Authority applicable to the Company or any Subsidiary or (ii) violate any provision of any statute or other rule or regulation of any Governmental Authority applicable to the Company or any Subsidiary.

 

(f)                                   Amendment Fee.  The Company has paid (or will pay) a fee to each of the Lenders executing the Credit Agreement Amendment equal to 0.05% multiplied by the aggregate outstanding Commitments (as defined in the Credit Agreement) of such Lender under the Credit Agreement (excluding any fees separately payable to any Lenders increasing their commitments in connection with the Credit Agreement Amendment).

 

Section 4.                                          EXPENSES.

 

Whether or not the transactions contemplated hereby are consummated, the Company will promptly (and in any event within thirty (30) days of receiving any statement or invoice therefor) pay all reasonable out-of-pocket expenses and costs incurred by the Noteholders relating to this Amendment and the other Note Agreement Amendment Documents, including, but not limited to, the reasonable fees and disbursements of Baker Botts L.L.P., incurred in connection with the preparation, negotiation and delivery of this Amendment and the other Note Agreement Amendment Documents, and all other related documentation.  This Section 4 shall not be construed to limit the Company’s obligations under Section 15.1 of the Note Agreement.

 

Section 5.                                          MISCELLANEOUS.

 

(a)                                 APPLICABLE LAW.  THIS AMENDMENT SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

 

(b)                                 Counterparts.  This Amendment may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed and delivered shall be deemed an original, but all such counterparts together shall constitute but one and the same instrument.  Each counterpart may consist of a number of copies hereof, each signed by less than all, but together signed by all, the parties hereto.  Delivery of this

 

3











 

Amendment may be made by telecopy or electronic transmission of a duly executed counterpart copy hereof; provided that any such delivery by electronic transmission shall be effective only if transmitted in .pdf format, .tif format or other format in which the text is not readily modifiable by any recipient thereof.

 

(c)                                  Affirmation of Obligations.  Notwithstanding that such consent is not required under the Guaranty Agreement, or any of the other Note Documents to which it is a party, each of the Guarantors consents to the execution and delivery of this Amendment and the other Note Agreement Amendment Documents by the parties hereto.  As a material inducement to the undersigned to amend the Existing Note Agreement, each of the Guarantors (i) acknowledges and confirms the continuing existence, validity and effectiveness of the Guaranty Agreement and each of the other Note Documents to which it is a party and (ii) agrees that the execution, delivery and performance of this Amendment and the other Note Agreement Amendment Documents shall not in any way release, diminish, impair, reduce or otherwise affect its obligations thereunder.

 

(d)                                 Note Document.  This Amendment is a Note Document and all of the provisions of the Note Agreement which apply to Note Documents apply hereto.

 

 (Remainder of Page Intentionally Left Blank; Signature Pages Follow)

 

4











 

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and delivered by their proper and duly authorized officers effective as of the Effective Date.

 

 

	
 
    	
NGL   ENERGY PARTNERS LP
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Atanas H. Atanasov
    
	
 
    	
 
    	
Name:
    	
Atanas   H. Atanasov
    
	
 
    	
 
    	
Title:
    	
Senior   Vice President & Treasurer
    
	
 
    	
 
    	
 
    
	
The foregoing is hereby
    	
 
    	
 
    
	
agreed to as of the
    	
 
    	
 
    
	
date hereof.
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
NOTEHOLDERS:
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
THE PRUDENTIAL INSURANCE   COMPANY OF AMERICA, as a Noteholder
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
By:
    	
/s/   ILLEGIBLE SIGNATURE
    	
 
    	
 
    
	
 
    	
Vice   President
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
PRUCO   LIFE INSURANCE COMPANY, as a Noteholder
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
By:   
    	
/s/   ILLEGIBLE SIGNATURE
    	
 
    	
 
    
	
 
    	
Assistant   Vice President
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
UNIVERSAL PRUDENTIAL ARIZONA   REINSURANCE COMPANY, as a Noteholder
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
By:
    	
Prudential   Investment Management, Inc.,
    	
 
    	
 
    
	
 
    	
as   investment manager
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
By:   
    	
/s/   ILLEGIBLE SIGNATURE
    	
 
    	
 
    
	
 
    	
 
    	
Vice   President
    	
 
    	
 
    


 

 

Signature Page to Amendment No. 2 to Note Agreement

 











 

	
PRUDENTIAL ARIZONA REINSURANCE   CAPTIVE COMPANY, as a Noteholder
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
By:
    	
Prudential   Investment Management, Inc.,
    	
 
    	
 
    
	
 
    	
as   investment manager
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
By:   
    	
/s/   ILLEGIBLE SIGNATURE
    	
 
    	
 
    
	
 
    	
 
    	
Vice   President
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
PRUDENTIAL ARIZONA REINSURANCE   UNIVERSAL COMPANY, as a Noteholder
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
By:
    	
Prudential   Investment Management, Inc.,
    	
 
    	
 
    
	
 
    	
as   investment manager
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
By:   
    	
/s/   ILLEGIBLE SIGNATURE
    	
 
    	
 
    
	
 
    	
 
    	
Vice   President
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
PRUDENTIAL RETIREMENT INSURANCE   AND ANNUITY COMPANY, as a Noteholder
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
By:
    	
Prudential   Investment Management, Inc.,
    	
 
    	
 
    
	
 
    	
as   investment manager
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
By:   
    	
/s/   ILLEGIBLE SIGNATURE
    	
 
    	
 
    
	
 
    	
 
    	
Vice   President
    	
 
    	
 
    


 

 

Signature Page to Amendment No. 2 to Note Agreement

 











 

	
AMERICAN GENERAL LIFE INSURANCE   COMPANY (successor by merger to AMERICAN GENERAL LIFE AND   ACCIDENT INSURANCE COMPANY)
    
	
AMERICAN GENERAL LIFE INSURANCE   COMPANY (successor by merger to AMERICAN GENERAL LIFE   INSURANCE COMPANY OF DELAWARE)
    
	
AMERICAN GENERAL LIFE INSURANCE   COMPANY (successor by merger to SUNAMERICA ANNUITY AND   LIFE ASSURANCE COMPANY)
    
	
THE UNITED STATES LIFE   INSURANCE COMPANY IN THE CITY OF NEW YORK
    
	
COMMERCE AND INDUSTRY INSURANCE   COMPANY
    
	
NEW HAMPSHIRE INSURANCE COMPANY
    
	
CHARTIS PROPERTY CASUALTY   COMPANY
    
	
 
    
	
By:
    	
AIG   ASSET MANAGEMENT (U.S.), LLC, Investment Adviser
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Curtis F. Sullivan
    	
 
    
	
 
    	
Name:
    	
Curtis   F. Sullivan
    	
 
    
	
 
    	
Title:
    	
Vice   President
    	
 
    
	
 
    	
 
    	
 
    
	
TEACHERS   INSURANCE AND ANNUITY ASSOCIATION OF AMERICA, as a Noteholder
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
By:   
    	
/s/   Andrew M. Leicester
    	
 
    
	
Name:
    	
Andrew   M. Leicester
    	
 
    
	
Title:
    	
Director
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
SUN LIFE ASSURANCE COMPANY OF   CANADA, as a Noteholder
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
By:   
    	
/s/   Keith Cressman
    	
 
    
	
Name:
    	
Keith   Cressman
    	
 
    
	
Title:
    	
Senior   Managing Director
    	
 
    
	
 
    	
Private   Fixed Income
    	
 
    
	
 
    	
 
    	
 
    
	
By:
    	
/s/   Jeffrey Mayer
    	
 
    
	
Name:
    	
Jeffrey   Mayer
    	
 
    
	
Title:
    	
Managing   Director, Private Securitization Finance
    	
 
    
	
 
    	
Private   Fixed Income
    	
 
    


 

 

Signature Page to Amendment No. 2 to Note Agreement

 












 

Agreed to and acknowledged by the undersigned:

 

	
 
    	
GUARANTORS:
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
NGL   ENERGY OPERATING LLC, a Delaware
    
	
 
    	
 
    	
 
    	
limited   liability company
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/   Atanas H. Atanasov
    
	
 
    	
 
    	
 
    	
Name:
    	
Atanas   H. Atanasov
    
	
 
    	
 
    	
 
    	
Title:
    	
Senior   Vice President & Treasurer
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
NGL   SUPPLY, LLC, a Delaware limited liability
    
	
 
    	
 
    	
 
    	
company
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/   Atanas H. Atanasov
    
	
 
    	
 
    	
 
    	
Name:
    	
Atanas   H. Atanasov
    
	
 
    	
 
    	
 
    	
Title:
    	
Senior   Vice President & Treasurer
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
HICKSGAS,   LLC, a Delaware limited liability
    
	
 
    	
 
    	
 
    	
company
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/   Atanas H. Atanasov
    
	
 
    	
 
    	
 
    	
Name:
    	
Atanas   H. Atanasov
    
	
 
    	
 
    	
 
    	
Title:
    	
Senior   Vice President & Treasurer
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
NGL   SUPPLY RETAIL, LLC, a Delaware limited
    
	
 
    	
 
    	
 
    	
liability   company
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/   Atanas H. Atanasov
    
	
 
    	
 
    	
 
    	
Name:
    	
Atanas   H. Atanasov
    
	
 
    	
 
    	
 
    	
Title:
    	
Senior   Vice President & Treasurer
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    


Signature Page to Amendment No. 2 to Note Agreement

 











 

	
 
    	
 
    	
NGL   SUPPLY WHOLESALE, LLC, a Delaware
    
	
 
    	
 
    	
 
    	
limited   liability company
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/   Atanas H. Atanasov
    
	
 
    	
 
    	
 
    	
Name:
    	
Atanas   H. Atanasov
    
	
 
    	
 
    	
 
    	
Title:
    	
Senior   Vice President & Treasurer
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
NGL   SUPPLY TERMINAL COMPANY, LLC, a
    
	
 
    	
 
    	
 
    	
Delaware   limited liability company
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/   Atanas H. Atanasov
    
	
 
    	
 
    	
 
    	
Name:
    	
Atanas   H. Atanasov
    
	
 
    	
 
    	
 
    	
Title:
    	
Senior   Vice President & Treasurer
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
OSTERMAN   PROPANE, LLC, a Delaware limited
    
	
 
    	
 
    	
 
    	
liability   company
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/   Atanas H. Atanasov
    
	
 
    	
 
    	
 
    	
Name:
    	
Atanas   H. Atanasov
    
	
 
    	
 
    	
 
    	
Title:
    	
Senior   Vice President & Treasurer
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
NGL-NE   REAL ESTATE, LLC, a Delaware
    
	
 
    	
 
    	
 
    	
limited   liability company
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/   Atanas H. Atanasov
    
	
 
    	
 
    	
 
    	
Name:
    	
Atanas   H. Atanasov
    
	
 
    	
 
    	
 
    	
Title:
    	
Senior   Vice President & Treasurer
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
NGL-MA   REAL ESTATE, LLC, a Delaware
    
	
 
    	
 
    	
 
    	
limited   liability company
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/   Atanas H. Atanasov
    
	
 
    	
 
    	
 
    	
Name:
    	
Atanas   H. Atanasov
    
	
 
    	
 
    	
 
    	
Title:
    	
Senior   Vice President & Treasurer
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    


Signature Page to Amendment No. 2 to Note Agreement

 











 

	
 
    	
 
    	
NGL-MA,   LLC, a Delaware limited liability 
    
	
 
    	
 
    	
 
    	
company
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/   Atanas H. Atanasov
    
	
 
    	
 
    	
 
    	
Name:
    	
Atanas   H. Atanasov
    
	
 
    	
 
    	
 
    	
Title:
    	
Senior   Vice President & Treasurer
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
HIGH   SIERRA ENERGY, LP, a Delaware limited 
    
	
 
    	
 
    	
 
    	
partnership
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/   James J. Burke
    
	
 
    	
 
    	
 
    	
Name:
    	
James   J. Burke
    
	
 
    	
 
    	
 
    	
Title:
    	
Chief   Executive Officer and President
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
GREENSBURG   OILFIELD, LLC, a Colorado 
    
	
 
    	
 
    	
 
    	
limited   liability company
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/   James J. Burke
    
	
 
    	
 
    	
 
    	
Name:
    	
James   J. Burke
    
	
 
    	
 
    	
 
    	
Title:
    	
Chief   Executive Officer and President
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
ANTICLINE   DISPOSAL, LLC, a Wyoming 
    
	
 
    	
 
    	
 
    	
limited   liability company
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/   James J. Burke
    
	
 
    	
 
    	
 
    	
Name:
    	
James   J. Burke
    
	
 
    	
 
    	
 
    	
Title:
    	
Chief   Executive Officer and President
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
HIGH   SIERRA SERTCO, LLC, a Colorado limited 
    
	
 
    	
 
    	
 
    	
liability   company
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/   James J. Burke
    
	
 
    	
 
    	
 
    	
Name:
    	
James   J. Burke
    
	
 
    	
 
    	
 
    	
Title:
    	
Chief   Executive Officer and President
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    


Signature Page to Amendment No. 2 to Note Agreement

 











 

	
 
    	
 
    	
HIGH   SIERRA ENERGY MARKETING, LLC, a 
    
	
 
    	
 
    	
 
    	
Colorado   limited liability company
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/   James J. Burke
    
	
 
    	
 
    	
 
    	
Name:
    	
James   J. Burke
    
	
 
    	
 
    	
 
    	
Title:
    	
Chief   Executive Officer and President
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
CENTENNIAL   ENERGY, LLC, a Colorado 
    
	
 
    	
 
    	
limited   liability company
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/   James J. Burke
    
	
 
    	
 
    	
 
    	
Name:
    	
James   J. Burke
    
	
 
    	
 
    	
 
    	
Title:
    	
Chief   Executive Officer and President
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
CENTENNIAL   GAS LIQUIDS ULC, an Alberta 
    
	
 
    	
 
    	
 
    	
unlimited   liability company
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/   James J. Burke
    
	
 
    	
 
    	
 
    	
Name:
    	
James   J. Burke
    
	
 
    	
 
    	
 
    	
Title:
    	
Chief   Executive Officer and President
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
HIGH   SIERRA TRANSPORTATION, LLC, a 
    
	
 
    	
 
    	
 
    	
Colorado   limited liability company
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/   James J. Burke
    
	
 
    	
 
    	
 
    	
Name:
    	
James   J. Burke
    
	
 
    	
 
    	
 
    	
Title:
    	
Chief   Executive Officer and President
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    


Signature Page to Amendment No. 2 to Note Agreement

 











 

	
 
    	
 
    	
HIGH   SIERRA CRUDE OIL & MARKETING, 
    
	
 
    	
 
    	
 
    	
LLC,   a Colorado limited liability company
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/   James J. Burke
    
	
 
    	
 
    	
 
    	
Name:
    	
James   J. Burke
    
	
 
    	
 
    	
 
    	
Title:
    	
Chief   Executive Officer and President
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
HIGH   SIERRA WATER SERVICES, LLC, a 
    
	
 
    	
 
    	
 
    	
Colorado   limited liability company
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/   James J. Burke
    
	
 
    	
 
    	
 
    	
Name:
    	
James   J. Burke
    
	
 
    	
 
    	
 
    	
Title:
    	
Chief   Executive Officer and President
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    


Signature Page to Amendment No. 2 to Note Agreement

 











 

	
 
    	
 
    	
ANDREWS   OIL BUYERS, INC., a Texas 
    
	
 
    	
 
    	
 
    	
corporation
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/   James J. Burke
    
	
 
    	
 
    	
 
    	
Name:
    	
James   J. Burke
    
	
 
    	
 
    	
 
    	
Title:
    	
Chief   Executive Officer and President
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
HIGH   SIERRA ENERGY OPERATING, LLC, a
    
	
 
    	
 
    	
 
    	
Colorado   limited liability company
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/   James J. Burke
    
	
 
    	
 
    	
 
    	
Name:
    	
James   J. Burke
    
	
 
    	
 
    	
 
    	
Title:
    	
Chief   Executive Officer and President
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
HIGH   SIERRA COMPRESSION, LLC, a Colorado
    
	
 
    	
 
    	
 
    	
limited   liability company
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/   James J. Burke
    
	
 
    	
 
    	
 
    	
Name:
    	
James   J. Burke
    
	
 
    	
 
    	
 
    	
Title:
    	
Chief   Executive Officer and President
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
HIGH   SIERRA WATER HOLDINGS, LLC, a
    
	
 
    	
 
    	
 
    	
Colorado   limited liability company
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/   James J. Burke
    
	
 
    	
 
    	
 
    	
Name:
    	
James   J. Burke
    
	
 
    	
 
    	
 
    	
Title:
    	
Chief   Executive Officer and President
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    


Signature Page to Amendment No. 2 to Note Agreement

 











 

	
 
    	
 
    	
HIGH   SIERRA WATER-EAGLE FORD, LLC, a 
    
	
 
    	
 
    	
 
    	
Delaware   limited liability company
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/   James J. Burke
    
	
 
    	
 
    	
 
    	
Name:
    	
James   J. Burke
    
	
 
    	
 
    	
 
    	
Title:
    	
Chief   Executive Officer and President
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
PETRO   SOURCE TERMINALS, LLC, a Texas 
    
	
 
    	
 
    	
 
    	
limited   liability company
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/   James J. Burke
    
	
 
    	
 
    	
 
    	
Name:
    	
James   J. Burke
    
	
 
    	
 
    	
 
    	
Title:
    	
Chief   Executive Officer and President
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
BLACK   HAWK GATHERING, L.L.C., a Texas
    
	
 
    	
 
    	
 
    	
limited   liability company
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/   James J. Burke
    
	
 
    	
 
    	
 
    	
Name:
    	
James   J. Burke
    
	
 
    	
 
    	
 
    	
Title:
    	
Chief   Executive Officer and President
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
MIDSTREAM   OPERATIONS L.L.C., a Texas
    
	
 
    	
 
    	
 
    	
limited   liability company
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/   James J. Burke
    
	
 
    	
 
    	
 
    	
Name:
    	
James   J. Burke
    
	
 
    	
 
    	
 
    	
Title:
    	
Chief   Executive Officer and President
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    


Signature Page to Amendment No. 2 to Note Agreement

 











 

	
 
    	
 
    	
PECOS   GATHERING & MARKETING, L.L.C., a
    
	
 
    	
 
    	
 
    	
Texas   limited liability company
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/   James J. Burke
    
	
 
    	
 
    	
 
    	
Name:
    	
James   J. Burke
    
	
 
    	
 
    	
 
    	
Title:
    	
Chief   Executive Officer and President
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
THIRD   COAST TOWING, LLC, a Texas limited 
    
	
 
    	
 
    	
 
    	
liability   company
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/   James J. Burke
    
	
 
    	
 
    	
 
    	
Name:
    	
James   J. Burke
    
	
 
    	
 
    	
 
    	
Title:
    	
Chief   Executive Officer and President
    


 

 

Signature Page to Amendment No. 2 to Note Agreement