Document:

exv10w25

Exhibit 10.25

AMENDMENT NO. 4 TO CRUDE OIL SUPPLY AGREEMENT

     THIS AMENDMENT NO. 4 TO CRUDE OIL SUPPLY AGREEMENT (the “Amendment”), dated as of August 30,
2010 but effective as of September 1, 2010 (the “Amendment Effective Date”), is made by and between
CALUMET LUBRICANTS CO., LIMITED PARTNERSHIP, an Indiana limited partnership (“Customer”), and
LEGACY RESOURCES CO., L.P., an Indiana limited partnership (“Supplier”). Each of Customer and
Supplier is sometimes referred to hereinafter individually as a “Party” and they are collectively
referred to as the “Parties.”

RECITALS

     WHEREAS, Customer owns and operates a refinery in Princeton, Louisiana (the “Refinery”) for
the processing and refining of crude oil into specialty lubricating oils and other refined
products;

     WHEREAS, Supplier is able to obtain certain commodities, including crude oil, from various
supply sources;

     WHEREAS, the Parties entered into that certain Crude Oil Supply Agreement (the “Agreement”)
dated as of April 30, 2008 and as subsequently amended, whereby Customer agreed to purchase from
Supplier, and Supplier agreed to sell and supply to Customer, crude oil on a just in time basis in
order to meet the inventory requirements of the Refinery; and

     WHEREAS, pursuant to Section 5 of the Agreement, the Parties desire to amend certain
provisions of the Agreement as of the Amendment Effective Date.

AMENDMENT TO AGREEMENT

     NOW, THEREFORE, in consideration of the foregoing recitals and the agreements contained
herein, and for other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the Parties, intending to be legally bound, do hereby agree to amend the
Agreement as of the Amendment Effective Date as follows:

	 	1.	 	Defined Terms. The definitions of the following capitalized terms used in the Agreement
are deleted and replaced in their entirety with the following definitions:

     “Average Purchase Price” means the sum of (i) the monthly average per barrel price
quoted for the first nearby month for West Texas Intermediate crude oil on the New York
Mercantile Exchange and (ii) $3.30 per barrel, or such other price as may be agreed by the
Parties in accordance with Section 5.

     “Premium” means the amount calculated in accordance with the table set forth on
Amendment No. 4 Exhibit A attached hereto.

	 	2.	 	All other terms and conditions of the Agreement are unchanged and remain in full force
and effect as of the Amendment Effective Date.

[Signature Page Follows]

 

 

     IN WITNESS WHEREOF, the Parties have executed this Amendment as of the date first above
written, but effective as of September 1, 2010.

	 	 	 	 	 
	 	CALUMET LUBRICANTS CO., LIMITED PARTNERSHIP

 	 
	 	By:  	Calumet LP GP, LLC, its general partner
 	 
	 
	 	By:  	Calumet Operating, LLC, its sole member
 	 
	 
	 	By:  	Calumet Specialty Products Partners, L.P.,

its sole member
 	 
	 
	 	By:  	Calumet GP, LLC, its general partner
 	 
	 
	 	By:  	/s/ R. Patrick Murray, II
 	 
	 	 	Name:  	R. Patrick Murray, II 	 
	 	 	Title:  	Vice President & CFO 	 
	 
	 	LEGACY RESOURCES CO., L.P.

 	 
	 	By:  	Legacy Acquisitions, Inc., its general partner
 	 
	 	 	 
	 	By:  	/s/ Mark F. Smith
 	 
	 	 	Name:  	Mark F. Smith 	 
	 	 	Title:  	President 	 

 

 

	 	 	 	 	 

AMENDMENT NO. 4 EXHIBIT A

	 	 	 
	Average Purchase Price	 	Premium per Barrel
	(as defined)	 	for Month of Delivery
	$30.00 — $39.99
	 	$0.87
	$40.00 — $49.99
	 	$1.00
	$50.00 — $59.99
	 	$1.12
	$60.00 — $69.99
	 	$1.25
	$70.00 — $79.99
	 	$1.37
	$80.00 — $89.99
	 	$1.49
	$90.00 — $99.99
	 	$1.62
	$100.00 — $109.99
	 	$1.74
	$110.00 — $119.99
	 	$1.86
	$120.00 — $129.99
	 	$1.99
	$130.00 — $139.99
	 	$2.11
	$140.00 — $149.99
	 	$2.23
	$150.00 — $159.99
	 	$2.36
	$160.00 — $169.99
	 	$2.48exv10w1

Exhibit 10.1

THIRD AMENDMENT TO THE

FOURTH AMENDED AND RESTATED AGREEMENT OF

LIMITED PARTNERSHIP OF AIMCO PROPERTIES, L.P.

     This THIRD AMENDMENT TO THE FOURTH AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP OF
AIMCO PROPERTIES, L.P., dated as of September 2, 2010 (this “Amendment”), is being executed by
AIMCO-GP, Inc., a Delaware corporation (the “General Partner”), as the general partner of AIMCO
Properties, L.P., a Delaware limited partnership (the “Partnership”), pursuant to the authority
conferred on the General Partner by Section 7.3.C(7) of the Fourth Amended and Restated Agreement
of Limited Partnership of AIMCO Properties, L.P., dated as of July 29, 1994 and restated as of
February 28, 2007, as amended and/or supplemented from time to time (including all the exhibits
thereto, the “Agreement”). Capitalized terms used, but not otherwise defined herein, shall have the
respective meanings ascribed thereto in the Agreement.

     WHEREAS, pursuant to Section 4.2.A of the Agreement, the General Partner (i) is authorized to
issue additional Partnership Preferred Units, for any Partnership purpose, at any time or from time
to time to the Partners or to other Persons for such consideration and on such terms and conditions
as shall be established by the General Partner in its sole and absolute discretion and (ii) is
authorized to determine the designations, preferences and relative, participating, optional or
other special rights, powers and duties of Partnership Preferred Units.

     NOW, THEREFORE, in consideration of the foregoing, and other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

     1. Pursuant to the authority expressly vested in the General Partner of the Partnership, the
Board of Directors of the General Partner, by duly adopted resolutions, has authorized the issuance
of up to an additional aggregate of 4,000,000 Class U Partnership Preferred Units (the “Additional
Units”).

     2. Section 1 of the Partnership Unit Designation of the Class U Partnership Preferred Units of
AIMCO Properties, L.P., attached as Exhibit Q to the Agreement (the “Partnership Unit
Designation”), is hereby amended to delete “8,000,000” and insert, in lieu thereof, “12,000,000.”

     3. Section 7(b) of the Partnership Unit Designation is hereby amended and restated in its
entirety to read as follows:

     “(b) on a parity with the Class U Partnership Preferred Units, as to the payment of
distributions and as to distribution of assets upon liquidation, dissolution or winding up, whether
or not the distribution rates, distribution payment dates or redemption or liquidation prices per
unit or other denomination thereof be different from those of the Class U Partnership Preferred
Units if (i) such class or series of Partnership Units shall be Class G Partnership Preferred
Units, Class T Partnership Preferred Units, Class V

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Partnership Preferred Units, Class Y Partnership Preferred Units, Series A Community
Reinvestment Act Perpetual Partnership Preferred Units, Class One Partnership Preferred Units,
Class Two Partnership Preferred Units, Class Three Partnership Preferred Units, Class Four
Partnership Preferred Units, Class Six Partnership Preferred Units or Class Seven Partnership
Preferred Units, or (ii) the holders of such class or series of Partnership Units and the Class U
Partnership Preferred Units shall be entitled to the receipt of distributions and of amounts
distributable upon liquidation, dissolution or winding up in proportion to their respective amounts
of accrued and unpaid distributions per unit or other denomination or liquidation preferences,
without preference or priority one over the other (the Partnership Units referred to in clauses
(i) and (ii) of this paragraph being hereinafter referred to, collectively, as “Parity Partnership
Units”); and”

     4. Except as specifically amended hereby, the terms, covenants, provisions and conditions of
the Agreement shall remain unmodified and continue in full force and effect and, except as amended
hereby, all of the terms, covenants, provisions and conditions of the Agreement are hereby ratified
and confirmed in all respects.

[remainder of page left intentionally blank]

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     IN WITNESS WHEREOF, this Amendment has been executed as of the date first written above.

	 	 	 	 	 
	 	GENERAL PARTNER:

AIMCO-GP, INC.

 	 
	 	By:  	/s/
Ernest M. Freedman 	 
	 	 	Name:  	Ernest M. Freedman 	 
	 	 	Title:  	Executive Vice President and 

Chief Financial Officer	 
	 

3exv10w1

Exhibit 10.1

SECOND AMENDMENT

TO

DEED OF TRUST, SECURITY AGREEMENT AND FIXTURE FILING

by

ONCOR ELECTRIC DELIVERY COMPANY LLC,

as Grantor

to and for the benefit of

THE BANK OF NEW YORK MELLON,

as Collateral Agent

Dated as of September 3, 2010

THIS INSTRUMENT GRANTS A SECURITY INTEREST BY A UTILITY.

THIS INSTRUMENT CONTAINS AFTER-ACQUIRED PROPERTY PROVISIONS.

 

 

SECOND AMENDMENT

TO

DEED OF TRUST, SECURITY AGREEMENT AND FIXTURE FILING

     THIS SECOND AMENDMENT TO DEED OF TRUST, SECURITY AGREEMENT AND FIXTURE FILING (this
“Amendment”) is executed to be effective as of September 3, 2010, by ONCOR ELECTRIC
DELIVERY COMPANY LLC, a Delaware limited liability company (“Grantor”), having an
organizational identification number of 4435668 and an office at Energy Plaza, 1601 Bryan Street,
Dallas, Texas 75201, Attention: Treasurer, to and for the benefit of THE BANK OF NEW YORK MELLON
(formerly The Bank of New York), a New York banking corporation, as Collateral Agent and Trustee
(“Collateral Agent” and “DOT Trustee”) under the Deed of Trust (as defined below),
whose address is The Bank of New York Mellon, c/o Corporate Trust Administration, 101 Barclay
Street, Floor 8W, New York, New York 10286.

RECITALS:

     A. Grantor executed and delivered that certain Deed of Trust, Security Agreement and Fixture
Filing dated as of May 15, 2008 to Collateral Agent, which was filed of record with the Texas
Secretary of State pursuant to Section 261.004 of the Texas Business and Commerce Code on May 15,
2008 under file number 08-0016750724, which has been amended by that certain First Amendment to
Deed of Trust, Security Agreement and Fixture Filing dated as of March 2, 2009 to Collateral Agent,
which was filed of record with the Texas Secretary of State pursuant to Section 261.004 of the
Texas Business and Commerce Code on March 13, 2009 under file number 09-00072022 (as so amended,
the “Deed of Trust”)

     B. Pursuant to Section 7.1 of the Deed of Trust, Grantor wishes to amend the Deed of Trust to
eliminate the right of the Grantor to obtain a release of the Lien of the Deed of Trust under
certain circumstances.

     C. Grantor has furnished to the Collateral Agent an Officer’s Certificate and an Opinion of
Counsel pursuant to Section 25 of the Deed of Trust.

     D. Grantor has duly authorized the execution and delivery of this Amendment and hereby
requests the Collateral Agent to execute and deliver this Amendment.

     E. All things necessary to make this Amendment a valid and binding agreement of the Grantor
and an amendment to the Deed of Trust in accordance with its terms have been done and performed.

 

 

AGREEMENT:

     FOR VALUABLE CONSIDERATION, the receipt and sufficiency of which are hereby acknowledged,
Grantor and Collateral Agent hereby agree as follows:

     1. Definitions. Capitalized terms used in this Amendment shall have the same meaning
as ascribed to such terms in the Deed of Trust unless defined otherwise herein.

     2. Amendments.

     (a) The last paragraph of Section 2 of the Deed of Trust is hereby deleted in its
entirety and the following is inserted in lieu thereof:

“TO HAVE AND TO HOLD the Mortgaged Property unto the Collateral Agent, its
successors and assigns for the uses and purposes set forth herein, until the
Obligations are fully paid and performed.”

     (b) The last sentence of Section 20.8 of the Deed of Trust is hereby deleted in its
entirety.

     3. Ratification. Except as expressly set forth herein, this Amendment shall not
alter, amend, modify or otherwise affect the terms, provisions and conditions of the Credit
Documents, and Grantor hereby ratifies, confirms and agrees that the Credit Documents and all
liens, security interests, assignments, powers, indemnities, waivers and other rights created for
Collateral Agent’s benefit thereunder, including, without limitation, the lien created by the Deed
of Trust, as amended by this Amendment, shall continue to secure, in the same manner, in the same
priority and to the same extent set forth therein, the payment and performance of the Obligations,
and all of same are hereby renewed, extended, carried forward, ratified and confirmed and shall be
deemed for all purposes in full force and effect.

     4. No Waiver. The execution and/or acceptance of this Amendment by Grantor shall not
be deemed or construed as: (a) a novation or an accord and satisfaction of any of Grantor’s
duties, obligations and liabilities contained in the Credit Documents, as amended; (b) a waiver,
modification, restriction or limitation of any and all of the Collateral Agent’s rights and
benefits arising under the Credit Documents by operation of law, or otherwise, to demand full,
complete and strict performance of the duties, obligations and liabilities contained in the Credit
Documents, as amended; or (c) an obligation of the Collateral Agent to grant Grantor any future or
further modification, renewal, extension and/or amendment to the Deed of Trust, as amended hereby,
or any or all of the other Credit Documents.

     5. Counterparts. This Amendment may be executed by one or more of the parties to this
Amendment on any number of separate counterparts with the same effect as if the signature thereto
and hereto were upon the same instrument, and all of said counterparts taken together shall be
deemed to constitute one and the same instrument.

     6. Severability. In the event 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,

2

 

such invalidity, illegality or unenforceability shall not affect any other provision hereof,
but each shall be construed as if such invalid, illegal or unenforceable provision had never been
included.

     7. Entire Agreement. This Amendment and the Credit Documents as amended in writing
and signed by the parties represent the entire agreement of the parties with respect to the subject
matter hereof, and there are no promises, undertakings, representations or warranties by any party
relative to the subject matter hereof not expressly set forth or referred to herein or therein.

     8. Further Amendment. Neither this Amendment nor any terms hereof may be amended,
supplemented or modified except by a written instrument executed by the parties in accordance with
the terms and conditions of the Deed of Trust. This Amendment shall be binding upon and shall inure
to the benefit of the parties hereto and their respective successors and assigns.

     9. Authority. Grantor and the representative thereof executing this Amendment on its
behalf represent that such representative has full power, authority and legal right to execute and
deliver this Amendment and that the same constitutes a valid and binding obligation of Grantor.

     10. Collateral Agent. The Collateral Agent shall not be responsible in any manner
whatsoever for or in respect of the validity or sufficiency of this Amendment or for or in respect
of the recitals contained herein, all of which recitals are made solely by the Grantor.

     11. Governing Law. This Amendment shall be governed by and construed and interpreted
in accordance with the laws of the State of Texas, except that Grantor expressly acknowledges that
all of the rights, benefits, privileges, immunities and obligations of the Collateral Agent under
this Amendment shall be governed by and construed in accordance with the laws of the State of New
York.

[Signature Page Follows.]

3

 

This Amendment has been duly executed by Grantor as of the date first above written and is intended
to be effective as of such date.

	 	 	 	 	 
	 	ONCOR ELECTRIC DELIVERY COMPANY LLC, a Delaware limited liability company

 	 
	 	By:  	/s/ John M. Casey
 	 
	 	 	John M. Casey, Vice President & Treasurer 	 
	 	 	 	 
	 

STATE OF TEXAS

COUNTY OF DALLAS

This instrument was acknowledged before me this 3rd day of September 2010, by John M.
Casey, Vice President & Treasurer of ONCOR ELECTRIC DELIVERY COMPANY LLC, a Delaware limited
liability company, on behalf of said limited liability company.

	 	 	 	 	 
	 	 	 
	 	                                                   /s/ Eloise B. Long
 	 
	 	Notary Public in and for the State of Texas 	 
	 	 	 
	 

 

 

     This Amendment has been duly executed by Collateral Agent as of the date first above written
and is intended to be effective as of such date.

	 	 	 	 	 
	 	THE BANK OF NEW YORK MELLON, a New York banking corporation, as Collateral Agent

 	 
	 	By:  	/s/ Kimberly Agard
 	 
	 	 	Kimberly Agard, Vice President 	 
	 	 	 	 
	 

STATE OF NEW YORK

COUNTY OF QUEENS

This instrument was acknowledged before me this 3rd day of September 2010, by Kimberly
Agard, a Vice President of THE BANK OF NEW YORK MELLON, a New York banking corporation, on behalf
of said banking corporation.

	 	 	 	 	 
	 	 	 
	 	                                                   /s/ Anna Yiu
 	 
	 	Notary Public in and for the State of New York

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