Exhibit








FIRST AMENDMENT TO SENIOR SECURED SUPERPRIORITY 
PRIMING DEBTOR-IN-POSSESSION CREDIT AGREEMENT


This FIRST AMENDMENT TO SENIOR SECURED SUPERPRIORITY PRIMING DEBTOR-IN-POSSESSION CREDIT AGREEMENT (this “Amendment”), dated as of May 20, 2019 (the “Amendment Effective Date”), is entered into among SOUTHCROSS ENERGY PARTNERS, L.P., a Delaware limited partnership (the “Borrower”) and the undersigned Lenders (as defined below) (the “Consenting Lenders”) and acknowledged by Wilmington Trust, National Association, as agent for the Lenders (in such capacity, the “DIP Agent”). Unless otherwise defined herein, all capitalized terms used herein that are defined in the Credit Agreement (as defined below) shall have the meanings given such terms in the Credit Agreement.
W I T N E S S E T H:
WHEREAS, the Borrower, the DIP Agent, and the financial institutions party thereto as lenders (the “Lenders”) are parties to that certain Senior Secured Superpriority Priming Debtor-in-Possession Credit Agreement, dated as of April 3, 2019 (as amended, restated, supplemented or otherwise modified on or before the Amendment Effective Date, the “Credit Agreement”, and as amended by this Amendment, the “Amended Credit Agreement”);
WHEREAS, pursuant to the Credit Agreement, the Lenders have made Loans to the Borrower and provided certain other credit accommodations to the Borrower; and
WHEREAS, subject to the terms and conditions set forth herein, the parties hereto have agreed to amend the Credit Agreement in the manner set forth below.
NOW THEREFORE, for and in consideration of the mutual covenants and agreements herein contained and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged and agreed, the Borrower and the Consenting Lenders hereby agree as follows:
SECTION 1.    Amendment. In reliance on the representations, warranties, covenants and agreements contained in this Amendment, effective as of the Amendment Effective Date:


       1.1.    Section 8.23(e) of the Credit Agreement is hereby amended and restated as in its entirety as follows:


“If, within fifty five (55) days after the Petition Date, the Loan Parties and the Required Lenders have not agreed to pursue an Acceptable Plan pursuant to Section 8.23(g), then the Loan Parties shall pursue a Section 363 Sale pursuant to Section 8.23(f).  In connection with a Section 363 Sale, the Loan Parties and the Required Lenders shall negotiate in good faith a reasonable wind-down budget (the “Wind-Down Budget”) to pay all allowed (i) post-petition claims, (ii) administrative expense and priority claims, and (iii) professional fees and expenses necessary or appropriate to wind down the Loan Parties’ estates on a reasonable and appropriate timeline.”















       1.2.    Section 8.23(f) of the Credit Agreement is hereby amended and restated as in its entirety as follows:


“(f)    If, pursuant to Section 8.23(e), a Section 363 Sale is pursued:
(i)Not later than 55 days after the Petition Date, the Loan Parties shall have filed a motion in the Bankruptcy Court in form and substance acceptable to the Required Lenders, seeking approval of (a) a sale (the “Sale Transaction”) of substantially all assets of the Loan Parties, and (b) bidding procedures (the “Bid Procedures”) and related relief in connection with the Sale Transaction (the “Bid Procedures and Sale Motion”).


(ii)Not later than 80 days after the Petition Date, (a) the Loan Parties shall have scheduled a hearing on the Bid Procedures Motion, and (b) the Loan Parties shall have obtained entry of an order, in form and substance acceptable to the Required Lenders (the “Bid Procedures Order”), approving the Bid Procedures and setting a date for the hearing to approve the Sale Transaction (the “Sale Hearing”). 


(iii)Not later than 115 days after the Petition Date, the Loan Parties shall have established the final deadline to receive qualified bids, and shall have received such qualified bids (the “Bid Deadline”).


(iv)Not later than 25 days after the Bid Deadline, the Loan Parties shall have obtained entry of a Final Order by the Bankruptcy Court (the “Sale Approval Order”), in form and substance acceptable to the Required Lenders in all respects.


(v)Not later than the earlier of (i) 30 days after entry of the Sale Approval Order and (ii) the Maturity Date, the Loan Parties shall have discharged the DIP Term Loans and Roll-Up Loans by payment of such DIP Term Loans and Roll-Up Loans in full, in cash (subject to the Wind-Down Budget).”


        1.3.     Section 8.23(g) of the Credit Agreement is hereby amended and restated as in its entirety as follows:


“(g)    If pursuant to Section 8.23(e), an Acceptable Plan is pursued:
    (i)    Not later than 65 days after the Petition Date, the Loan Parties shall have filed in the Bankruptcy Court an Acceptable Plan, a corresponding disclosure statement (the “Disclosure Statement”), and a motion seeking approval of the Disclosure Statement, in each case, in form and substance acceptable to the Required Lenders.


   (ii)     Not later than 110 days after the Petition Date, the Loan Parties shall have scheduled a hearing on approval of the Disclosure Statement and obtained entry of the order by the Bankruptcy Court approving the Disclosure Statement in form and substance acceptable to the Required Lenders.


 (iii)     Not later than 160 days after the Petition Date, the Loan Parties shall have scheduled a hearing to confirm the Acceptable Plan and obtained entry by the Bankruptcy Court of the order confirming the Acceptable Plan (the “Confirmation Order”), in form and substance acceptable to the Required Lenders.”











SECTION 2.    Fees and Expenses. The Borrower shall pay to the DIP Agent and the Lender Professionals all reasonable fees and reimbursements due and owing to the DIP Agent or the Lender Professionals in connection with this Amendment including, without limitation, all reasonable and documented fees and expenses incurred by the DIP Agent (including, without limitation, reasonable fees and expenses of counsel to the DIP Agent) or the Lender Professionals in the preparation, execution, review and negotiation of this Amendment and any other related documents.


SECTION 3.    Representations and Warranties. The Borrower hereby represents and warrants to each Lender that:


3.1.    Due Authorization, No Conflicts. The execution, delivery and performance by the Borrower of this Amendment and the Amended Credit Agreement are within the Borrower’s limited partnership powers, have been duly authorized by necessary action, require no action by or in respect of, or filing with, any governmental body, agency or official (other than filings with the SEC required under applicable law) and do not violate or constitute a default under any provision of applicable law or any material agreement binding upon the Borrower or any of its Subsidiaries, or result in the creation or imposition of any Lien upon any of the assets of the Borrower or any of its Subsidiaries.


3.2.    Validity and Binding Effect. This Amendment and the Amended Credit Agreement constitutes the valid and binding obligations of the Borrower enforceable in accordance with its terms, except as the enforceability thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws affecting creditor’s rights generally, and subject to general principles of equity, regardless of whether considered in a proceeding in equity or law.


3.3.    No Defense. The Borrower has no defenses to (a) payment, counterclaims or rights of set-off with respect to the Secured Obligations on the date hereof or (b) the validity, enforceability or binding effect against the Borrower of the Amendment or the Amended Credit Agreement or any of the other Loan Documents or any Liens intended to be created thereby.


SECTION 4.    Miscellaneous.


4.1.    Reservation of Rights. No failure or delay on the part of DIP Agent or any Lender to exercise any right or remedy under the Amended Credit Agreement, any other Loan Document or applicable law shall operate as a consent to or waiver thereof, nor shall any single or partial exercise of any right or remedy preclude any other or further exercise of any right or remedy, all of which are cumulative and are expressly reserved.


4.2.    Reaffirmation of Loan Documents; Extension of Liens. Any and all of the terms and provisions of the Credit Agreement and the other Loan Documents shall, except as amended and modified hereby, remain in full force and effect and are hereby ratified and confirmed. Each Loan Party hereby extends the Liens securing the Secured Obligations until the Secured Obligations have been paid in full, and agrees that this Amendment and the amendments and modifications herein contained shall in no manner affect or impair the Secured Obligations or the Liens securing payment and performance thereof.


4.3.    Parties in Interest. All of the terms and provisions of this Amendment shall bind and inure to the benefit of the parties hereto and their respective successors and assigns.













4.4.    Counterparts. This Amendment may be executed in counterparts, all of which taken together shall constitute one and the same instrument. Delivery of a counterpart by facsimile or other electronic transmission (e.g., .pdf) shall be effective as delivery of a manually executed original counterpart.


4.5.    Complete Agreement. THIS AMENDMENT, THE AMENDED CREDIT AGREEMENT AND THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT AMONG THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES.


4.6.    Release. The Borrower and each other Loan Party on their own behalf and on behalf of their predecessors, successors, heirs, legal representatives and assigns (collectively, the “Releasing Parties”), hereby acknowledge and stipulate that as of the Amendment Effective Date, none of the Releasing Parties has any known claims or known causes of action of any kind whatsoever against the DIP Agent, any other Secured Party or any of their officers, directors, employees, agents, attorneys, affiliates or representatives, or against any of their respective predecessors, successors, or assigns (each of the foregoing, collectively, the “Released Parties”). Each of the Releasing Parties hereby forever releases, remises, discharges and holds harmless the Released Parties, from any and all known claims, causes of action, demands, and liabilities of any kind whatsoever, whether direct or indirect, fixed or contingent, liquidated or nonliquidated, disputed or undisputed, which any of the Releasing Parties has or may acquire in the future relating in any way to any event, circumstance, action, or failure to act arising, taken or not taken in connection with this Amendment or the Amended Credit Agreement from the beginning of time through the Amended Effective Date.


4.7.    Covenant Not to Sue. The Borrower and each other Loan Party, on their own behalf and on behalf of the Releasing Parties, hereby absolutely, unconditionally and irrevocably, covenants and agrees with and in favor of each Released Party that it will not sue (at law, in equity, in any regulatory proceeding or otherwise) any Released Party on the basis of any claim released, remised and discharged by Borrower or such other Loan Party pursuant to Section 4.6 hereof.


4.8.    No Implied Waivers. No failure or delay on the part of the DIP Agent or the Lenders in exercising, and no course of dealing with respect to, any right, power or privilege under this Amendment, the Amended Credit Agreement or any other Loan Document shall operate as a waiver thereof, nor shall any single or partial exercise of any right, power or privilege under this Amendment, the Amended Credit Agreement or any other Loan Document preclude any other or further exercise thereof or the exercise of any other right, power or privilege, all of which are cumulative and are expressly reserved. Except for the amendments set forth in Section 1, nothing contained in this Amendment shall be deemed a consent to or waiver of, or a commitment or obligation on the part of the DIP Agent or the Lenders to any future consent to or waiver of, any other action or inaction on the part of the Borrower or any other Loan Party that constitutes (or would constitute) a violation of or departure from any covenant, condition or other obligation of the Loan Parties under the Credit Agreement and the other Loan Documents. Any such waivers or consents must be specifically agreed to in writing in accordance with Section 12.02 of the Amended Credit Agreement.


4.9.    Arms-Length/Good Faith; Review and Construction of Documents. This Amendment has been negotiated at arms-length and in good faith by the parties hereto. The Borrower (a) has had the opportunity to consult with legal counsel of its own choice and has been afforded an opportunity to review this Amendment with its legal counsel, (b) has reviewed this Amendment and fully understands the effects thereof and all terms and provisions contained in this Amendment, and (c) has executed this Amendment of its own free will and volition. Furthermore, the Borrower acknowledges that (i) this Amendment shall be 











construed as if jointly drafted by the Borrower and the Lenders, and (ii) the recitals contained in this Amendment shall be construed to be part of the operative terms and provisions of this Amendment.


4.10.    Interpretation. Wherever the context hereof shall so require, the singular shall include the plural, the masculine gender shall include the feminine gender and the neuter and vice versa. The headings, captions and arrangements used in this Amendment are for convenience only, shall not affect the interpretation of this Amendment, and shall not be deemed to limit, amplify or modify the terms of this Amendment, nor affect the meaning thereof.


4.11.    Severability. In case any one or more of the provisions contained in this Amendment shall for any reason be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality, or unenforceability shall not affect any other provision hereof, and this Amendment shall be construed as if such invalid, illegal, or unenforceable provision had never been contained herein.


4.12.    Reference to Credit Agreement. From and after the Amendment Effective Date, (i) the term “Agreement” in the Amended Credit Agreement, and all references to the “Credit Agreement” in any other Loan Document, shall mean the Credit Agreement, as amended by, this Amendment, and (ii) the term “Loan Documents” in the Credit Agreement and the other Loan Documents shall include, without limitation, this Amendment and the Amended Credit Agreement.


4.13.    Loan Documents. The Borrower and the Loan Parties acknowledge and agree that this Amendment is a Loan Document.


4.14.    Governing Law. THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK AND, TO THE EXTENT APPLICABLE, THE BANKRUPTCY CODE.


4.15.    Direction.  The Lenders party hereto, constituting the Required Lenders, hereby (i) direct the DIP Agent to execute and deliver this Amendment and (ii) acknowledge and agree that the provisions of Section 11.04 (Exculpatory Provisions) and Section 12.03 (Expenses; Indemnity; Damage Waiver) of the Credit Agreement shall apply to all actions taken by the DIP Agent in connection with this Amendment. 


[Signature Pages Follow]


























































IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed by their respective authorized officers on the date and year first above written.
	
					
	BORROWER:
	 
	 
	SOUTHCROSS ENERGY PARTNERS, L.P.

	 
	 
	 
	 
	 

	 
	 
	 
	By:
	Southcross Energy Partners GP, LLC its general partner

	 
	 
	 
	 
	 

	 
	 
	 
	 
	 

	 
	 
	 
	By:
	/s/ Michael B. Howe

	 
	 
	 
	Name:
	Michael B. Howe

	 
	 
	 
	Title:
	Senior Vice President and CFO

	 
	 
	 
	 
	 








































































Signature Page for First Amendment to DIP Credit Agreement















[Lender Signature Pages on File with the DIP Agent]
























































































































Signature Page for First Amendment to DIP Credit Agreement













	
					
	ACKNOWLEDGED BY:
	 
	 
	 

	 
	 
	 
	WILMINGTON TRUST, NATIONAL 

	 
	 
	 
	ASSOCIATION, as DIP Agent



	 
	 
	 
	 
	 

	 
	 
	 
	 
	 

	 
	 
	 
	By:
	/s/ Nicole Kroll

	 
	 
	 
	Name:
	Nicole Kroll

	 
	 
	 
	Title:
	Assistant Vice President

	 
	 
	 
	 
	 








































































































Signature Page for First Amendment to DIP Credit Agreement











Each of the undersigned (i) consents and agrees to this Amendment, and (ii) agrees that the Loan Documents to which it is a party (including, without limitation, the Senior Secured Superpriority Priming Debtor-in-Possession Guaranty and Collateral Agreement dated as of April 3, 2019, as applicable) shall remain in full force and effect and shall continue to be the legal, valid and binding obligation of the undersigned, enforceable against it in accordance with its terms.
	
					
	 
	 
	 
	CONSENTED. ACKNOWLEDGED AND AGREED TO BY:

	 
	 
	 
	 

	 
	 
	 
	SOUTHCROSS ENERGY FINANCE CORP.

	 
	 
	 
	SOUTHCROSS ENERGY OPERATING, LLC

	 
	 
	 
	SOUTHCROSS ENERGY LP LLC

	 
	 
	 
	SOUTHCROSS ENERGY GP LLC

	 
	 
	 
	SOUTHCROSS DELTA PIPELINE LLC

	 
	 
	 
	SOUTHCROSS ALABAMA PIPELINE LLC

	 
	 
	 
	SOUTHCROSS NUECES PIPELINES LLC

	 
	 
	 
	SOUTHCROSS PROCESSING LLC

	 
	 
	 
	FL RICH GAS SERVICES GP, LLC

	 
	 
	 
	T2 EF COGENERATION HOLDINGS, LLC

	 
	 
	 
	T2 EF COGENERATION LLC 

	 
	 
	 
	FL RICH GAS UTILITY GP, LLC

	 
	 
	 
	 
	 

	 
	 
	 
	 
	 

	 
	 
	 
	By:
	/s/ Michael B. Howe

	 
	 
	 
	Name:
	Michael B. Howe

	 
	 
	 
	Title:
	Senior Vice President and CFO

	 
	 
	 
	 
	 


























































Signature Page for First Amendment to DIP Credit Agreement













	
					
	 
	 
	 
	SOUTHCROSS CCNG GATHERING LTD.

	 
	 
	 
	SOUTHCROSS CCNG TRANSMISSION LTD.

	 
	 
	 
	SOUTHCROSS GULF COAST 

	 
	 
	 
	      TRANSMISSION LTD.

	 
	 
	 
	SOUTHCROSS MISSISSIPPI PIPELINE, L.P.

	 
	 
	 
	SOUTHCROSS MISSISSIPPI GATHERING,

	 
	 
	 
	      L.P.

	 
	 
	 
	SOUTHCROSS ALABAMA GATHERING

	 
	 
	 
	      SYSTEM, L.P.

	 
	 
	 
	SOUTHCROSS MIDSTREAM SERVICES, L.P.

	 
	 
	 
	SOUTHCROSS MARKETING COMPANY 

	 
	 
	 
	      LTD.

	 
	 
	 
	SOUTHCROSS NGL PIPELINE LTD.

	 
	 
	 
	SOUTHCROSS GATHERING LTD.

	 
	 
	 
	SOUTHCROSS MISSISSIPPI INDUSTRIAL 

	 
	 
	 
	      GAS SALES, L.P.

	 
	 
	 
	 
	 

	 
	 
	 
	By:
	Southcross Energy GP LLC,                       as general partner

	 
	 
	 
	 
	 

	 
	 
	 
	 
	 

	 
	 
	 
	By:
	/s/ Michael B. Howe

	 
	 
	 
	Name:
	Michael B. Howe

	 
	 
	 
	Title:
	Senior Vice President and CFO

	 
	 
	 
	 
	 


























































Signature Page for First Amendment to DIP Credit Agreement













	
					
	 
	 
	 
	FL RICH GAS SERVICES, LP

	 
	 
	 
	 

	 
	 
	 
	By:
	FL Rich Gas Services GP, LLC,                its general partner

	 
	 
	 
	 
	 

	 
	 
	 
	 
	 

	 
	 
	 
	By:
	/s/ Michael B. Howe

	 
	 
	 
	Name:
	Michael B. Howe

	 
	 
	 
	Title:
	Senior Vice President and CFO

	 
	 
	 
	 
	 












	
					
	 
	 
	 
	FL RICH GAS UTILITY, LP

	 
	 
	 
	SOUTHCROSS TRANSMISSION, LP

	 
	 
	 
	 
	 

	 
	 
	 
	By:
	FL Rich Gas Utility GP, LLC, its general partner

	 
	 
	 
	 
	 

	 
	 
	 
	 
	 

	 
	 
	 
	By:
	/s/ Michael B. Howe

	 
	 
	 
	Name:
	Michael B. Howe

	 
	 
	 
	Title:
	Senior Vice President and CFO

	 
	 
	 
	 
	 
























































Signature Page for First Amendment to DIP Credit Agreement