Document:

Exhibit 10.3

 

AMENDMENT TO INDEMNIFICATION ESCROW AGREEMENT

 

This AMENDMENT TO INDEMNIFICATION ESCROW AGREEMENT (this “Amendment”) dated as of December 20, 2018 is entered into by and among Datasea Inc. (the “Company”), ViewTrade Securities, Inc. (the “Underwriter”), and Pearlman Law Group LLP (the “Escrow Agent”).

 

WITNESSETH:

 

WHEREAS, the Company, the Underwriter and the Escrow Agent are parties to that certain Indemnification Escrow Agreement, dated as of December 18, 2018 (the “Original Agreement”);

 

WHEREAS, the Company is offering, on a firm commitment basis, 1,450,000 shares of common stock of the Company, par value $0.001, at an offering price of $4.00 per share;

 

WHEREAS, the Company and Underwriter expect that the Offering will close on or before the close of business on December 21, 2018; and

 

WHEREAS, in accordance with Section 12(b) of the Original Agreement, the parties hereto desire to amend the Original Agreement as follows.

 

NOW, THEREFORE, in consideration of the mutual promises herein contained and intending to be legally bound hereby, the parties hereto hereby agree as follows:

 

	
 

	
1.

	
The Original Agreement is hereby amended to provide that the definition of Escrowed Funds shall be One Million Dollars ($1,000,000).  In no event shall the aggregate amount of Escrowed Funds delivered to the Escrow Account be less than One Million Dollars ($1,000,000). Four Hundred Thousand Dollars ($400,000) of the Escrowed Funds shall be disbursed, upon joint written instruction from the Company and the Underwriter, to the Company, to an account designed in writing by the Company, within five (5) business days after the Underwriter has confirmed receipt of a written legal opinion of DeHeng Law Offices, PRC counsel to the Underwriter, addressed to the Underwriter, in form and substance reasonably satisfactory to the Underwriter, provided that if such legal opinion is substantially similar in all material respects to the written legal opinion provided to the Company by the Company’s PRC counsel pursuant to Section 5(g) of the Underwriting Agreement, the legal opinion shall be deemed reasonably satisfactory to the Underwriter.  The remaining Escrowed Funds shall continue to be held and disbursed in accordance with the Original Agreement.

	 	 	 
	
  

	
2.

	
The parties hereto each acknowledge and reaffirm that (i) they will continue to be bound by the Original Agreement, as amended by this Amendment, and (ii) the terms of the Original Agreement, except as amended by this Amendment, remain in full force and effect. Capitalized terms used but not defined herein shall have the meaning ascribed to them in the Original Agreement.

 

[THE REMAINDER OF THE PAGE IS INTENTIONALLY LEFT BLANK]

 

 

IN WITNESS WHEREOF, the parties have executed and delivered this Amendment on the day and year first above written.

 

	
ESCROW AGENT: 

	
 

	
 

	
 

	
 

	
PEARLMAN LAW GROUP LLP

	
 

	
 

	
 

	
 

	
By:

	
 /s/ Charles B. Pearlman             

	
 

	
Name:

	
  Charles B. Pearlman

	
 

	
Title:

	
  Partner

	
 

 

COMPANY:

 

DATASEA INC.

 

	
By:

	
/s/ Zhixin Liu 

	
 

	
Name: 

	
Zhixin Liu

	
 

	
Title:

	
Chief Executive Officer

	
 

 

UNDERWRITER: 

 

VIEWTRADE SECURITIES, INC.

 

	
By:

	
 /s/ Douglas K. Aguililla

	
 

	
Name:

	
Douglas K. Aguililla

	
 

	
Title:

	
Director, Investment Banking

	
 

 

Amendment to Indemnification Escrow Agreement

 

     2EX-4.1

 Exhibit 4.1 
  

 
  

AMERICAN MIDSTREAM PARTNERS, LP 

AMERICAN MIDSTREAM FINANCE CORPORATION 

and 
 the Guarantors named herein

  
  

8.500% SENIOR NOTES DUE 2021 
  

 
 FIFTH
SUPPLEMENTAL INDENTURE 
 DATED AS OF DECEMBER 20, 2018 

 
  

WELLS FARGO BANK, NATIONAL ASSOCIATION, 

Trustee 
  

 
  

 This FIFTH SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of
December 20, 2018, is among American Midstream Partners, LP, a Delaware limited partnership (the “Company”), American Midstream Finance Corporation, a Delaware corporation (“Finance Corp.” and, together with the Company, the
“Issuers”), each of the parties identified under the caption “Guarantors” on the signature page hereto (the “Guarantors”) and Wells Fargo Bank, National Association, a national banking association, as Trustee.
Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture (as defined below). 
 RECITALS

 WHEREAS, the Issuers, the initial Guarantors and the Trustee entered into an Indenture, dated as of December 28, 2016 (as amended,
restated, supplemented, waived or otherwise modified from time to time, the “Indenture”), pursuant to which the Company has issued $425,000,000 in the aggregate principal amount of 8.500% Senior Notes due 2021 (the “Notes”); 

WHEREAS, Section 10.03 of the Indenture provides for the automatic release of the Subsidiary Guarantee of a Guarantor in connection with
any sale or other disposition of Capital Stock of such Guarantor to a Person that is not (either before or after giving effect to such transaction) a Restricted Subsidiary of the Company, if the sale or other disposition does not violate
Section 4.10 of the Indenture and the Guarantor ceases to be a Restricted Subsidiary of the Company as a result of the sale or other disposition; 

WHEREAS, Section 10.03 of the Indenture provides for the automatic release of the Subsidiary Guarantee of a Guarantor at such time as
such Guarantor ceases to guarantee any other Indebtedness of either of the Issuers and any other Guarantor under a Credit Facility (other than the Notes); 

WHEREAS, the Company has sold the Capital Stock of AMID Refined Products LLC, a Delaware limited liability company (“AMID Refined
Products”), AMID NLR LLC, a Delaware limited liability company (“AMID NLR”), and AMID Caddo LLC, a Delaware limited liability company (“AMID Caddo” and, together with AMID Refined Products and AMID NLR, the “Released
Guarantors”) effective December 20, 2018 (the “Effective Date”), after which the Released Guarantors ceased to be Restricted Subsidiaries of the Company, and such sale does not violate Section 4.10 of the Indenture; 

WHEREAS, upon the Effective Date, the Released Guarantors will have ceased to guarantee any other Indebtedness of the Issuers and any other
Guarantor under a Credit Facility (other than the Notes); 
 WHEREAS, Section 9.01(g) of the Indenture provides that the Issuers, the
existing Guarantors and the Trustee may amend or supplement the Indenture, without the consent of the Holders of the Notes, in order to evidence the release of the Released Guarantors as Guarantors and from their obligations under their Subsidiary
Guarantees; and 
 WHEREAS, all acts and things prescribed by the Indenture, by law and by the Certificate of Incorporation and the Bylaws
(or comparable constituent documents) of the Issuers, of the Guarantors and of the Trustee necessary to make this Supplemental Indenture a valid instrument legally binding on the Issuers, the Guarantors and the Trustee, in accordance with its terms,
have been duly done and performed; 
 NOW, THEREFORE, to comply with the provisions of the Indenture and in consideration of the above
premises, the Issuers, the Guarantors and the Trustee covenant and agree for the equal and proportionate benefit of the respective Holders of the Notes as follows: 

ARTICLE 1 
 Section 1.01.
This Supplemental Indenture is supplemental to the Indenture and does and shall be deemed to form a part of, and shall be construed in connection with and as part of, the Indenture for any and all purposes. 

  
 1 

 Section 1.02. This Supplemental Indenture shall become effective immediately upon its
execution and delivery by each of the Issuers, the Guarantors and the Trustee. 
 ARTICLE 2 

The parties agree and acknowledge that each of the Released Guarantors was released as a party to and as a Guarantor under the Indenture as of
the Effective Date and that beginning on the Effective Date the Released Guarantors have no further obligations or liabilities under their Subsidiary Guarantees or the provisions of the Indenture. 

ARTICLE 3 
 Section 3.01.
Except as specifically modified herein, the Indenture and the Notes are in all respects ratified and confirmed (mutatis mutandis) and shall remain in full force and effect in accordance with their terms with all capitalized terms
used herein without definition having the same respective meanings ascribed to them as in the Indenture. 
 Section 3.02. Except as
otherwise expressly provided herein, no duties, responsibilities or liabilities are assumed, or shall be construed to be assumed, by the Trustee by reason of this Supplemental Indenture. This Supplemental Indenture is executed and accepted by the
Trustee subject to all the terms and conditions set forth in the Indenture with the same force and effect as if those terms and conditions were repeated at length herein and made applicable to the Trustee with respect hereto. 

Section 3.03. THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 

Section 3.04. The parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an original, but all of
such executed copies together shall represent the same agreement. Signatures of the parties hereto transmitted by facsimile or .pdf shall be deemed to be their original signatures for all purposes. 

[NEXT PAGE IS SIGNATURE PAGE] 

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

			
	AMERICAN MIDSTREAM PARTNERS, LP
		
	By:	 	American Midstream GP, LLC, its sole general partner
		
	By:	 	 /s/ Eric T. Kalamaras

	Name:	 	Eric T. Kalamaras
	Title:	 	Senior Vice President and Chief Financial Officer
	
	AMERICAN MIDSTREAM FINANCE CORPORATION
		
	By:	 	 /s/ Eric T. Kalamaras

	Name:	 	Eric T. Kalamaras
	Title:	 	Senior Vice President and Chief Financial Officer
	
	Guarantors:
	
	American Midstream, LLC
	American Midstream (Alabama Gathering), LLC
	American Midstream (Alabama Intrastate), LLC
	American Midstream (AlaTenn), LLC
	American Midstream (Burns Point), LLC
	American Midstream (Lavaca), LLC
	American Midstream (Louisiana Intrastate), LLC
	American Midstream (Mississippi), LLC
	American Midstream (SIGCO Intrastate), LLC
	American Midstream (Tennessee River), LLC
	American Midstream AMPAN, LLC
	American Midstream Bakken, LLC
	American Midstream Chatom, LLC
	American Midstream Chatom Unit 1, LLC
	American Midstream Chatom Unit 2, LLC
	American Midstream Costar, LLC
	American Midstream Delta House, LLC
	American Midstream East Texas Rail, LLC
	American Midstream Emerald, LLC
	American Midstream Gas Solutions, LP
	              By: American Midstream Gas Solutions GP, LLC,
                     its general partner
	American Midstream Gas Solutions GP, LLC
	American Midstream Gas Solutions LP, LLC
	American Midstream Madison, LLC
	 American Midstream Marketing, LLC

	 American Midstream Mesquite, LLC

	 American Midstream Midla Reconfiguration, LLC

	 American Midstream Offshore (Seacrest) LP

	 By: American Midstream, LLC, its general partner

	 American Midstream Onshore Pipelines, LLC

	 American Midstream Permian, LLC

	 American Midstream Piney Woods, LLC

  
 Signature Page to Fifth
Supplemental Indenture 

 
			
	American Midstream Republic, LLC
	American Midstream Transtar Gas Processing, LLC
	AMID Crude Oil Services LLC
	AMID Crude Oil Storage LLC
	AMID Crude Trucking LLC
	AMID Energy Products Supply LLC
	AMID Liquids Trucking LLC
	AMID Merger LP
	                By: American Midstream, LLC, its general partner
	AMID Payment Services, LLC
	AMID Silver Dollar Pipeline LLC
	AMID St. Croix LLC
	Argo Merger GP Sub, LLC
	Centana Gathering, LLC
	Centana Oil Gathering, LLC
	D-Day Offshore Holdings, LLC
	High Point Gas Gathering, L.L.C.
	High Point Gas Gathering Holdings, LLC
	High Point Gas Transmission, LLC
	High Point Gas Transmission Holdings, LLC
	PAM Acquisition Company, LLC
	Panther Offshore Gathering Systems, LLC
	Panther Operating Company, LLC
	Panther Pipeline, LLC
	American Panther, LLC
	Main Pass Oil Gathering Company, LLC
	American Midstream Blackwater, LLC
	Blackwater Investments, Inc.
	Blackwater Maryland, L.L.C.
		
	By:	 	 /s/ Eric T. Kalamaras

	Name:	 	Eric T. Kalamaras
	Title:	 	Senior Vice President and Chief Financial Officer

  
 Signature Page to Fifth
Supplemental Indenture 

 
			
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee

 
			
		
	By:	 	/s/ John C. Stohlmann
	Name:	 	John C. Stohlmann
	Title:	 	Vice President

  
 Signature Page to Fifth
Supplemental Indenture

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